I am not sure about ethereum future... Honestly I doubt that ETH will ever repeat its 2017 success. I would better consider investing in other altcoins and make a portfolio. But BTC will grow first and it's much more stable of course.
ETH went up so much in 2017 because of the hype surrounding the ICOs. That was the single most factor, which enabled the Ethereum investors to receive a ROI of 120x in 2017. But now the ICO bubble has burst and the ETH prices are sliding down to what it was prior to the ICO boom. On top of that, the incompetence and arrogance of the Ethereum developers are not helping the coin either. The development timelines are getting pushed back, and the users are getting frustrated as a result of this. It seems as if the ETH developers are trying to do too much too fast and that is never a good idea since this always leads to mistakes and since ETH is in such a weak position if someone finds a bug in the updates that ethereum wants to implement that could crash its price, so it is a good idea they are taking their time with the updates since it is difficult to know if ethereum will recover in the case such a mistake was made, but even after the updates I do not see ETH going up as much since as you say the interest in icos has decreased in an immense way. |
|
|
|
I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.
so what do you think?
I draw the conclusion above based on what I saw there.
If there was a simple way in which we could stop scammers then those measures should have been taken already, look the only responsibility that we have is to try to warn others when they express their desire to invest in a scam, if they decide to not listen and invest anyway then that is their choice just remind them the next time they begin to say bad things about the market that you did in fact warned them and they were the ones that decided to not listen. |
|
|
|
To be a good businessman you have to be patient with patience because you need patience in every job. You have to work hard to work your mind It is better to make a long-term investment by controlling your emotions in the event that there are both profit and loss issues at work.
controlling emotions, and being patient may be one of the things that can make us a good investor. but it doesn't seem like a complete point, because even if you are patient if you invest in the wrong thing, it will be useless. I have seen many examples of that. different if you invest in something that is certainly like gold, land, houses, etc., maybe the value can increase if you are patient. however, in the world of cryptocurrency, accurate information is a weapon that must be used before investing. You can be patient after you invest in the right thing. knowing what we are investing in is what makes us smart investors. patience should indeed be inherent in an investor because that is the nature that must exist. That investment takes a long time if you don't have patience it will bad, especially in crypto, lack of patience always results in losses. it seems knowledge is important to be a good investor. especially there are many factors in crypto that we need to know about so as to minimize the risk of a scam or shitcoin. If your goal is to be an investor then being patient is a must, as you say it takes a lot of time to see profits if you are an investor and even if this market moves fast it can be a challenge to hold your coins and the perfect example of this are those that bought bitcoin at 20k, not only they bought their coins at the worst possible time they did it with no intention to hold their coins for the long term and they did not had the patience needed to profit from this market and this made them to lose a huge amount of money when they sold their coins. |
|
|
|
Having said that, I think it's a fantastic idea to put aside some satoshis or whatever amount of bitcoin would be appropriate for a newborn. It's a cool gift if nothing else.
I remember that my grandfather told me that back in the day when there was a new family member some families had the tradition of buying something that they knew will be valuable in the future, gold or silver were popular choices but you could buy other stuff as long as it was valuable, and this seems like just a continuation of that tradition but now instead of using precious metals we could use something like bitcoin which will most likely keep existing in 18 years. |
|
|
|
There are many altcoin projects which do have the potential to grow but because of the market fluctuations and bitcoin pump and dump, the alts are not able to move up. We may see good future in 2020 and the holders may get their investments back.
If those coins are any good then they will eventually grow you do not need to worry about them but if they are like the thousands of coins in the market that say they are very good only to be proven wrong by the community then you should not expect anything out of those coins and if for some reason that coin begins to go up make no mistake, that will be only because of luck or some pump and dump groups that have chosen that coin to perform their scams. |
|
|
|
I was doubting what he said but maybe he was more right than I assumed, dude maybe knows what he is talking about looking at how the bitcoin has been moving in this past week.
I still think 5k is too low for bitcoin to reach but it may get close to it one day if it continues the decline this way. This shows people how we should not have prejudice against people like tone, I was like that and I thought "who is he and why would I care about his predictions?" but now looking at whats going on I feel like dudes interview got featured for a reason because he must be someone known and maybe he knows what he is talking about. I feel like there is a silent barrier around 6k where if it goes under that then we might be in a free fall to 5k but if not breaking 6.5 anymore then we can keep going up.
The resistance at 7000 is proving to be formidable, most likely this has to do with the halving, as soon as the price goes down there are many buyers willing to take the bitcoin out of the hands of those that want to get out of the market, but at the same time the price is finding huge problems to grow, so it seem we are going to be stuck at the current levels for a long time, for traders this is a bad scenario but for investors this is a dream come true, we will be able to buy bitcoin for months for a price that is somewhat stable. |
|
|
|
I will buy many bitcoin when price going down and selling back after price up, doing the same way when bitcoin back again buy and sell after price up, talking about how many bitcoin have to buy I think depend with how much money we have, recommendation if you have much money I think 5 bitcoin for trading is enough to get much profit every day about 3% and can be 5%.
If you are not an expert trader it is better to not invest as much money in the markets despite the profits you believe you may get. This market can be very difficult to predict as the previous movements of bitcoin show to us, it is better to start with an amount of bitcoin that is way smaller so you can gain experience even if you can afford that many bitcoins, then once you are sure you can make money then you can use all your available capital. |
|
|
|
Holding is better in this fluctuations and yes even if their is a fall it is good time to buy more coins as you would be able to get coins at cheap rates . Also in coming time you would see the btc rise and this will help you to make money on investment .
In order for us not to keep on losing money we need to keep holding on it, even we do nothing , like trading or playing gamble with our bitcoin it still changing the price of it , I think better to buy more bitcoins now! Or if you dont have more money better to keep holding it rather than selling and a sudden dump happen. If you buy bitcoin in $7500 last time then you have a $300 loss I think , so better to hold it now. But the thing is you can also lose money in holding bitcoin. There is a misconception because there are many people think that holding can make them rich but in the reality is not like that. There should also timing in holding bitcoin, you cannot hold bitcoin if you bought when its price is really expensive because for sure you will experience losses when its price goes down. Holding is believed to be a sure way to make money but that is only for those that bought bitcoin at low prices, for the rest of us that had to pay a good amount of money holding can be a profitable strategy but it needs to be done in a smart way, all of those that bought bitcoin at 20k are still waiting for the day bitcoin recovers that price and they can sell their coins for a small profit and that is only true for those still holding their coins because most likely those that bought at that price sold their coins already and took a huge loss. |
|
|
|
Its the same scenario with the traditional banking system, we cannot totally control this aspect of the industry no matter how careful we're even if its been regulated.
Crypto obviously has more advantages than disadvantages and its an enough reason to justify its stay.
It is not exactly the same, while there is no doubt that scammers and hackers are taking advantage of the technology to get money, in the traditional banking system you can easily recover the money that was stolen from you, but this is not really an option in this market, you are the only one that is responsible for your coins and if you lose them then everyone in the forum will be sorry for your loss but there will be nothing anyone could do to help you to get your coins back. |
|
|
|
There’s a big difference on learning how to trade and applying all of it, some trader make effort on reading books but still don’t know how to apply it. Your determination to become a trader also matters, there’s a lot of failed trades but if you do have a good foundation then you will keep on trading. Traders must look on everything, the money on this market moves very fast and you also have to execute very fast with a lot of research.
Exactly true that reading some books or follow some tutorial is not enough, all of that must be accompanied by continuous training, it's better if you have an expert mentor. For fast execution I think it will work for arbitrage strategy and some people use bot to execute the market. Fast execution is a worse decision for any type of trading strategy other than arbitrage. While having a mentor is the ideal very few people have available a friend that knows how to trade and can help them in their journey, but that is not really a problem some of the best traders in the world learned how to trade by themselves without any help, just make sure not only that you read a few books about the subject but that you put in practice the principles that you learn from it, otherwise you are just wasting your time and your money by buying those books. |
|
|
|
We wish that Bitcoin would have another round of big bull run like what happened a couple of years ago.
I might be in the minority, but I'm hoping we don't see another 2017 again, though I'm pretty sure we will eventually. What happened in the lead up to December of that year was pure crypto insanity, and if it wasn't a full-fledged bubble, it was damn close. And look at where bitcoin and the entire altcoin market are right now. They're both still trying to recover from the madness that was 2017. Bubbles aren't healthy, but they're like drugs. They feel great but you know the high is going to end at some point and they're not good overall. I'd still love it if bitcoin got back to $20k, but only if it got there s-l-o-w-l-y. Slow and steady rather than in a hyperbolic manner that's characteristic of something that can't be sustained. Unfortunately 20k has become a psychological barrier and once bitcoin surpasses that level we are going to see massive hype and all kind of wild speculations will become part of this market again, I think the same as you I would prefer a slow and steady growth but bitcoin is still too young and assets like that have a tendency to be very volatile, and since I cannot avoid the volatility that will come when bitcoin surpasses 20k I might as well take advantage of it. |
|
|
|
Most coins will rise many times once we get the next bull run going.
That's for sure. But for that, one needs to buy right now and that's the thing most of us are not doing. If you browse this forum you will see many posts in which people are investors are losing hope in cryptocurrency. They will be the ones who will be the first ones to buy in the next rally. If you have already bought coins at higher prices its ideal time to average your price. But many are buying the wrong coins, it is obvious that if you buy a coin like ethereum right now you can easily triple your money without too much of a problem during the next years, are people going to do it? Of course not, they are going to take their chances with a coin no one has ever heard about and they will think they are one step away of becoming millionaires and that is simply not true and will discover too late they have no chance of making any money in this market by buying those useless coins. |
|
|
|
Bitcoin has come a long way in just 10 short years. Despite the bitcoin price struggling to regain its highs this year, the long-term trend is hard to ignore.
The bitcoin price is up a ridiculous 10.6 million percent since CoinDesk began tracking it back in July 2010 — rising from 0.06 cents to $6,421 over that time. 10th anniversary of Satoshi Nakamoto’s release of the bitcoin whitepaper — leading many to look ahead to what the next 10 years will bring. Bitcoin has dominated investor interest over the last ten years, but that could be very different in the coming decade.
It’s only in the last five or so years that bitcoin has had any major competitors. Ethereum, the world’s second largest cryptocurrency by market capitalization, was first conceived in 2013.
“I believe that bitcoin’s influence and dominance of the cryptocurrency sector will drastically reduce in its second decade,” said Nigel Green, founder and CEO of deVere Group, a financial advisory group.
“This is because as mass adoption of cryptocurrency grows, more and more digital assets will be launched – by organizations in both the private and the public sectors. This will increase competition for bitcoin and dent its market share.”
Green expects the bitcoin and wider cryptocurrency market will expand by “at least” 5,000% in the next 10 years — meaning it could be worth $20 trillion, up from $400 billion today.
Now bitcoin price 7282$
I have the opposite opinion, the dominance of bitcoin will increase as investors finally realize that altcoins do not really offer anything that bitcoin does not, right now there are a few coins that offer a few things that are still not implemented in bitcoin, but give it time and the bitcoin developers will find a way to absorb all of those characteristics in bitcoin and then those coins will become useless, then if you are holding bitcoin just make sure to not spend or lose your coins and in a few years you could be enjoying profits that most investors can only dream about. |
|
|
|
Hey I'm back. haven't been on the forum for 1.5 yrs. Been on Twitter. But yeh 2019 was a good year for me in crypto. 1. I had too much in alt coins ,tron, and didn't gain much of it. My stack went all the way up. From btc. Then I saw my stack crashed down lol. It was amazing. But yeh still got a chunk back from hodling in 2017. I have been buying the whole year from 11k down. Little by little. I stayed for the 2020, 100k price well that didn't happen. Let's see the halvening now. Also stayed for the 1 million price prediction. I feel stocks is running n gunning at a good pace. But I'm still stacking satoshis.
You are not alone on what happened to you, while I was not expecting the same prices as you at least I was able to recover some of the money I lost during the last crash and that is a good thing for me, I do not really believe the next year is going to be as positive as it is the popular opinion in the forum but if it happens then I am not going to complain and will ride the bull market until it dies out, just prepare yourself in the case the next year is not what you expect it to be. |
|
|
|
I am curious if people have had success with trading bots in cryptocurrency.
I have recently set up a bot and have been astounded by the operability of it. It's actually working lol.
Well, if you have also had luck or interesting experiences with trading bots let me know =]. Cheers
I used to earn good money with trading bots then i stopped when i realize my bot strategy isn't profit anymore. Bots with latest technology like AI still have a fixed accuracy. It is odd, a strategy may have market conditions in which it operates at a greater effectiveness but it should not suddenly become unprofitable for no reason at all, what kind of strategy were you using to make money in the markets? It is also possible that you did not configured your bot correctly and maybe it is making some trades that you will never do and that is reducing its profitability, personally I prefer to trade manually since I do not want to lose my money just because I made a mistake when coding my bot. |
|
|
|
If you know what you are doing and have a knowledge then do trading and you knoe that there's a risk and chance of losing your money and not just double but triple your profit if you have bougt the right and timing to trade.
That's why you need to research on which is the best crypto to buy or do trade to make a lot of profit and also depend on how much money you will invest.
This kind of thinking is what gets people in trouble, they believe that they can make that kind of money in a very fast way and that is simply not true unless you are willing to take ridiculous risks that will most likely make your strategy look a lot more like gambling than any investment strategy, it is simply not possible to double your money while taking reasonable risks and anyone that thinks so should leave this market because this market is not really for them. It is possible but it is really hard to do it. If you are lucky where you have 100% winning rate then it is possible but the thing is it never existed. Even professional traders are experiencing loss because losses are inevitable but we can lessen the losses by using stop loss strategy. Doubling the capital in just 2 months is really hard and it requires a lot of knowledge and advanced skills in order to do it. I never said it is impossible, it is just that you will have to rely on your luck and not in your skill and as I have said that is more like gambling, or you will have to take risks so high that the possibilities of losing your capital are going to be many times higher than the possibilities of doubling your money, if you can accept those risks then that is fine just do not complain that this market is a scam when you lose your money as most of the people that have tried something similar in the past. |
|
|
|
I always loved Ethereum & still do, i like it more than BTC itself.
Ethereum should be a $1000+ token, but this cryptosphere is just so weird,.
It's the best blockchain with the best Dapps out there, so sad to see it worth like $150 & may be even lower if this bear winter continues.
While the fundamentals of ethereum are amazing that does not really tell you when investors are going to wake up to the fact they have ignored the second best coin of the market for years, but instead of lamenting the situation of ethereum take advantage of it, while most people are going to wait until ethereum is worth 1000 dollars again to invest in it you can do while its price is below 150, even with a conservative prediction you could easily get 3x your money during the next years. |
|
|
|
In my opinion, although investment in crypto is not as good as in previous years but there are still many who still try and believe in Cyrpto, maybe many investors are waiting for the right time to start again or waiting for them to get another profit
Yes, that is correct, there are still people who invests in ICO or new project, and I know some who buy from IEO. But, g I think people now are knowledgeable enough to research which will become fraud in the long run after years of experience. What I pity are those newbies who jump buying those because of an unbelievable promises. This market is brutal, most of use have at some point lost money to an ico but we learned our lesson and we became better investors because of it but many newbies come to the market with mistaken ideas about it and they never get a second chance since they lose all their money to scammers, and not only this person most likely will never invest in cryptocurrencies again, most likely if asked by a friend if it is worth to invest in cryptocurrencies they are not going to recommend this market to them and this is slowing down the adoption of cryptocurrencies considerably. |
|
|
|
Started as soon as I found out about BTC which was quite time ago... I failed miserably and stopped for a few years. Some time ago I tried again and it seems like few years with btc community and it is going much better than before. Had to read a little here and there in this time tho.
This is the experience of many traders, at the beginning they are full of hopes of being able to make a living out of the markets only to discover a little bit later that it is way harder than what they thought at first, this leads to most of them to abandon trading for some time but the next time they try to trade they are way more effective because they have finally understood that this is not about generating fast profits as they first thought, this is about holding your coins in the right moments and being able to sell them just when the bull market is about to end. |
|
|
|
Right now ETH is definitely not going to have a fast bull run, there are only 2 options for ETH to grow fast - is it a strong Bitcoin growth or an ETH 2.0 update.
ETH can go up fast out of the blue, does not have to wait for ETH 2.0 update.. the market does not care about updates it cares about market cycles... you'll see there most likely will be a bull run before ETH 2.0 in my opinion But how likely it is that ethereum is going to grow for no reason at all when bitcoin is not moving at all? Like most coins in this market ethereum is trapped in a price range of which it cannot escape and most of the time when I see this in the charts the price has a tendency to go down instead of up, so there is not much that ethereum is going to do during the next months despite our wishes, you only have two options to accumulate ethereum now or to wait until the price begins to recover to invest in ethereum. |
|
|
|
|
Show Posts
