Patience is needed to create a strong and reliable crypto, the aim of the coin is for long term, its quite surprise to see the bitcoin price still can't over 10k, but I think if everybody work together focus on btc not alt coin, then btc could give a big impact on the price, but its hard to make people have the same mindset
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The one that caused dumping is usually the early investor that got bonuses, most of the bounty hunters also sell their coins when the coin being listed,but the portion is too small to cause dumping, but the funny thing is most of the people believe that bounty hunters that caused the price to fall down
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~snip~
And I guess that stable position is impossible to keep. It looked like it would break out (well actually it did break out) and then suddenly got the dump, on some exchanges even to 9200. Looks like we are really going to have to fight tooth and nail to break and keep above 10000! That's almost automatic when there's a sudden rise of Bitcoin, there's always a pull back that follows through. Maybe because a lot of hodlers are selling at the short increase, or It may caused by the short traders. Specially when you have a big bag of Bitcoin, pumps like that is huge enough to give you good profit, thus buy back when the price drops a certain percentage again. When the rising is too sudden a lot of people will take the chance to make some profit, so no wonder the price wiol fall back especially we havent seen btc able to rise this high, and this situation could create a misleading news, for now people not too focus on bitcoin, they are more interested in alt coin which being claimed that could generate hundres percent of profit in short time
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Look at the bright side- you learned a really really valuable lesson in exchange for (hopefully) not a huge sum of money. Since you're a bit smarter now, hopefully you wouldn't make the same mistake in the future. Hopefully that lesson would teach you to be highly skeptical of everything you do with your money especially concerning YouTubers shilling crappy coins.
Well its a very expensive lesson, but its a very valuable lesson, dont believe in people opinion too much, if they are that good then they dont need to expose themselves, and in youtube people try to create controversy and all attraction, I have been lured a lot of time and the result was disappointing
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I don't see we are anywhere near the golden year, everything is not the same anymore, now we got more coins to invest and the investors now are more aware of the market condition and seldom take a big risk anymore, many of us expect the bitcoin will hit ATH again, but we need to be more realistic, just let the btc grow naturally and could stabilize in each step
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I dont see any major reason behind this falling so I am sure the situation will be temporary as long as not a lot of people become panic and make a chain reaction, I think this is just a normal set back the price will be gradually up, so don't too worry about it
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I somehow think crypto is not the solution for the inflation problem and too much interference from crypto could create more inflation for the country because it could make Fiat worth less, and if you depend on the decentralized currency, it could be dangerous because it can be control by the whales
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For old people they believe that its a dirty money so every one will stay out of gambling, but for modern people they don't think it as dirty money,some people play using calculations and strategy, so they do hard work of research to make profit, so I don't consider gambling money as dirty money, dirty money is money that come from doing criminal things and I don't see gambling as a criminal activity
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I do compare my trading ideas with other, I want to know what is the reason and explanation behind the technique, if there is something logical then I will implement that part into my next strategy,not all trading ideas could go well with your strategy but by learning and compare more option then we can find the best formula for trading
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This is the beauty of decentralised investment, it wont stop fluctuating at all, you just need to take advantage of the situation, don't hope that the price will be stagnant, if the price is stagnant its mean there is no demand and supply and the coin is dead
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That is actually a good plan, ltc several times has been a better choice than btc, the rising is pretty good, and there are some rumors mention that something big is waiting to happen, I already stock some ltc for long time investment and if a lot of people think like this then maybe ltc could bring a lot of profit in the future
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If bitcoin being banned then the users will decrease and it will cause big crash and if the investors see the crash is too hard and the banning is everywhere then they will find other investment, so btc is screwed if its being banned in a lot of countries, and there was a proved ,when China banning btc the result suddenly can be seen, it cause huge crash and panic selling
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I dont think it can go up to 20k soon, btc price is struggling to go up, several times it try to hit higher then the correction was happened, there is chance to make money in this sideway situation, you can buy at low and sell at high, this sideway already happened for quite some time and I don't think there will be a change soon
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Crowded casino is not my style, in gambling I need peace and calm situation to focus, with all the yelling and all people staring it makes me nervous, plus in crowded casino maybe you won't be able to get a place to play, so I still think online gambling is suit better for me
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You should know that alt coin is a very risky investment, and its only being used for speculation and trading,eventually the investors will dump alt coin and back to bitcoin, if you see the market is not too good for alt just cutloss, because once it goes down it will be hard to bouncrle back, and stop playing with alt if you dont have the basic knowledge about crypto
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I find that sumo is very entertaining and also part of important culture, the result of the match sometimes cant be predictable, its really suitable for betting, but the one that interested is really little so I dont think its going to be popular if its put into gambling site
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Its okay just learn more about the market even if you enter at peak you still got some choices, the first one is aim for long term, just hold it for several months the price surely will go up, and now the price already surpassed 12k, the second one is learn to get even with averaging, entering at peak is a common things, many newbie fall into that trap because of fomo
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That is very rare to see 13 yeras old kids interested in investing bitcoin, but I suggest you to learn the basic and the market, dont invest because your are following your friend, so you can know where is the exit point and where you can take profit, 20k might be a bit difficult need a bit longer time to reach
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This is something I agree, most of the bounty hunters only see the allocation of the fund and enter all the project that they could, they just hope they get lucky, it's really seldom to see bounty hunters understand what they are promoting, but to be honest, even if they do their research its still hard to predict the result, as we know most of the project end up with failure
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For now bitcoin still number one, the dominance is really high, the popularity also really high, its the number one coin when people want to invest and bitcoin can be used in more places compare to other coin, but no one know how long the dominance going to last, new coin keep on appearing, bitcoin must keep on update to be number one
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