As an investor one thing you shouldn't engage yourself with is Predictions, if you want to be successfully in this Crypto ecosystem, you need to stay off any form of market prediction.
Here are few reasons why you shouldn't engaged with it (market/price prediction)
1. Predictions can be wrong
2. Listening to predictions makes you a speculator
3. Listening to predictions makes you an onlooker
4. Price prediction gives you nothing for today, only false hope
5. Listening to price prediction makes you think in one direction
Finally
Don’t let speculation and assumption make you decide what to do.
Dont focus on predictions because it will make you expect. Dont follow any predictions because those people are just sharing their thoughts and ideas about bitcoin. I suggest that read some article that may help you and give you knowledge than reading those predictions.
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Dear Panic Sellers, If the news about Google Ads and Facebook, as well as bubble-bursting warnings from "respectable" institutions such as universities, economists, banks, opinion makers, investors and governments have convinced you to sell your coins, If you let yourself be influenced by the messages and actions from these corporations and governments, You have not understood a single thing about Satoshi's libertarian dream of decentralization and liberty and cannot cope with the responsibility that comes with these liberties. You were only hoping for some quick profit to sell for fiat... Now that you're losing dollars, you are crying all the way... well... to the bank. I hope you got out completely and never will return, because I am convinced you are as big a threat to Satoshi's dream as the corporations and law-makers that convinced you to panic sell. PS: To my fellow believers: HODL. I agree with you they just are just toxic in bitcoin. Well if you choose to invest in bitcoin you need to have long patience so you are able to earn huge profit. We can help them by giving them some useful advice about whats going on in bitcoin. We cant blame them anyways. They are afraid to lose everything. To all holders, just keep waiting and everything will be worth t.
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Please write your writing down, I am very thirsty about information about this.
As far as I know Satoshi Nakamoto is a the name of a group who share their thoughts and ideas to create bitcoin. Well we dont need to know who they are because they want to hide their identity and its their choice . Many people claimed that they are Satoshi Nakamoto but they dont have proofs.
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We're all aware of the risks of keeping our coins on online wallets and exchange wallets, but many of us still keep our coins on our own devices.
Are we keeping our devices secure? Its instinctual to not leave your fiat money wallet unattended in a public place but what about your bitcoin wallet? Are you leaving leaving the laptop you're writing your novel on the table at Starbucks when you go the bathroom? The laptop with your electrum wallet, your life savings.
Where does the line between paranoia and reasonable physical security meet?
Yes I keep my coins physically secure. Well I store my coins in a hardware to make sure that no one is able to get my coins. It is one of the safest wallet . Hackers nowadays can do whatever they want thats why need to be aware of everything.
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HOW TO STOP HACKERS TO HACK YOUR CRYPTO WALLET Protect yourself from cyber criminals Good day to all of you guys I am EdsnowAngel a programmer and a bit security tester in different platforms. Now I heard to my friends a lot of concerns saying "please help me my bitcoin wallet was hacked!!"Ok ok first thing first when your bitcoin wallet gets compromised then your funds was send in different wallet then it is irreversible meaning no return of funds!! so I wanna tell everyone how to protect your bitcoin wallet from such kind of situation. 1st: Protect your GMAIL or EMAIL ACCOUNT We all know we use GMAIL as our email provider for such accounts like blockchain then we can recover and approve login with email in some wallets, now when your email account was targeted and get compromised then say goodbye to your bitcoin.To secure your bitcoin wallet(ex: blockchain or other) go to your google account settings. and then turn on the 2FA(2nd factor authentication) here is the guide on how to do it: STEP BY STEP GUIDE2nd: Use your own DEVICE or COMPUTER/PHONE It's a very bad idea to use someones device(ex:from friend) to make a transaction in your bitcoin wallet why? because first you don't know what is the capability of that person regarding that matters and you don't know if that phone has a lot of malwares and spywares.So we cannot say that you are safe using someones device to make transactions. 3rd: Always backup you PK's or PRIVATE KEYS This is the most important thing to remember for everyone using your ETH or BTC wallet without backing up your Private keys then you can't recover you wallet in case you forgot your wallet.PK's are very important but there are thing you should do first. Make sure you store your PK backup somewhere that you only know and not from your computer because there are some spyware that might inside of your computer that can steal that file so make sure you back it up print in a paper and hide it to the place where you only know. 4th: Don't open links from malicious emails This method was called email phishing where an attacker will send the same email in thousands of random users once the victim will click the link in that email then his or her device was compromised to avoid this please do not click the links included in the email immediately please always have time to check who is the sender of that email and if that email is came from the site where it supposed to came from. 5th: Do not trust PUBLIC WIFI It's quite good to have access with free wifi's but have you think this: IS THIS A SAFE NETWORK? without you knowing maybe some of the people connected to that same network may have idea and skill on how to sniff passwords and credentials this method was so called DNS SPOOFING or SNIFFING if you want to use public wifi then use it not just with your bitcoin transactions. 6th: Do not login on Suspicious links This method is called PHISHING where an attacker will send you a link to login with your bitcoin wallet luring you with the legitimate site example is: the real site is: https://www.blockchain.info/the fake site is: http://www.blockchain.ga/then once you login to the fake site then the hacker or attacker will have now your credentials. Please always check for the green lock on the url bar and the word HTTPS in the link. so this are some of the way to stop hackers to hack your bitcoin or crypto wallet. If you have other information then you can comment it down and lets help others. Thank you for this information we really need this especially for the begginers. I usually trust people before but I am wiser and better now. Dont share any information of yours to others maybe they will take an advantage to you and hack your wallet.
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I started my cryptocurrency journey around July 2017. I bought some altcoins; verge; dodge, Xrp Siacoin on Bittrex and left some on bitcoin. It was a roller coaster for me around November to December 2017, particularly with verge, my crypo investment of just about $120 grew to a little bit over $3,000. I never new on time until I opened my bittrex. It was wao!
I took out some money since I was in need about $1000. With the euphoria of bitcoin suppasing $20,000, so I watched until my investment shrinked from about $2000 to $1500, then $1000, I decided to take out some little more until I had about $800 left.
That amount have shrinked further to about $450. The worst came when I took a third of the amount to buy Mithril coin when the news came that it won a vote to be listed on binance, and suddenly it was disqualified, and the price have falling like packs of cards, more than 50% right now.
Its a question of if I had known, I would have withdrawn the $3000 the moment I saw it on my bittrex account. Who can tell the future?
But I am wiser now.
Does anyone have similar experience
Some of us already experienced that too. But just like you , we learn from our mistakes and become more wiser than before. We cant avoid this kind of situation but we can take it as a lesson in our life. I also have some bitter and sweet experience with bitcoin and each one of them is memorable.
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https://www.livebitcoinnews.com/4-in-10-americans-will-never-invest-in-bitcoin-says-latest-crypto-study/I've known some few friends who are into forex and stock investments. When they've learned that I engage myself into crypto trading and investments they discouraged me due to bitcoin's price volatility and unpredictable fluctuations. All I can say to them is that I only invest an amount that I can surely afford to lose and taking huge risks will definitely compensate you good returns as well. I bumped into this article saying that 4 in 10 Americans will never invest in bitcoin, which is somewhat realistic but still history can really tell that bitcoin has changed lots of millennials who took the risk and profited when bitcoin value skyrocketed to almost $20k last year. So with this article it shows that there is still high percentage of Americans that is willing to take risks to invest in bitcoin just to make some good profit in the near future. What are your thoughts regarding this one? Share me your thoughts. Thats right especially when you know that the risk you have taken is definitely worth it at the end. Sometimes risk can teach us some lesson why? Because sometimes when we risk we lose something and we learn from that mistake.
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I have seen the crypto market for last 1 year and the last 6 months are not so good for BTC and Alts. The total market cap is going down and price of BTC is pumping and dumping again and again. What should we do now hold or take a exit and wait for more drop ?
Well it actually depends on you but im going to stay no matter what happen. I know that this isnt the end of bitcoin since this is natural, no one can predict the prices all we need to do is to wait patiently. I know that bitcoin can recover and it will rise again.
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This forum was created for people to learn more about bitcoin and not to hate it or spread false information about it. Guys, is it enough that these days we sit here and here all sorts of FUD being spread about bitcoin saying all sorts of things which are not true??? Let's not forget that it is as a result of these these FUDs that brings all sorts of panic sells which brings the value of bitcoin down and what bores me is that at the end the come back here and say, "Finally bitcoin is dead" forgetting the very fact that they were the very ones that caused it. But they can't because bitcoin is still strong. Well thats right but they make this forum even happier, knowing that they cant kill bitcoin in every way . Looking at their post makes some of us laugh . Besides they also give positive impact because we are able to hear their side , why they hate bitcoin.
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I like to know your stand against the current market price falls down that relatively almost in the danger zone for the crypto holders if they still hold their crypto it might be one day that they will going to lose all their money. My ideals is different i had to sell it though it means that i had to lose some of my money. Anyway i could invest again when market price recovers but not for now seeing crypto market looks so bad. Will you still hold?
Yes besides there is nothing wrong with that. I always do the long term investment. Its because I know that the bitcoin price will rise again, since we all know that no one can determine when will the price become higher . So the right thing to do now is to hold your bitcoin and wait patiently.
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As we all know that to make optimal profit here in cryptocurrency specifically in investing bitcoin is to buy low price for bitcoin and sell in higher price. This is why others think that holding is the best way to earn and in fact they are right. So for those who are still eyeing to invest in bitcoin this is a call for you to invest now while market price is still low.
I agree with you. Bitcoin price rightnow is very cheap thats why I think its the right time to buy bitcoin. Take this opportunity to recover your losses. I know we can hear some bad news about bitcoin but lets hope and continue supporting bitcoin.
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Bitcoin can overcome all of that. Bitcoin is facing so many problems now but I still continue on supporting bitcoin no matter what. But I dont really think that bitcoin can be killed by global regulations.
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why does everyone start to panicking when they see the price of Bitcoin dropping so much, in my opinion it is natural that the price of Bitcoin falls because Bitcoin has experienced the same thing as now, so I suggest not to be afraid and panic. we will see from this graphic : 1. On April 29, 2013 the price of Bitcoin was only $ 135.302. and on November 30, 2013 the price of Bitcoin increase high at the price of $ 1,149.143. then on January 2, 2014 the price of Bitcoin decreased at a price of $ 773.40 and on December 31, 2016 the price of Bitcoin began to increase again4. and the price of Bitcoin began to rise high at the price of $ 19,783.30 on the 17th of December 2017and as we know, now the price of Bitcoin at $ 6,948.46 and this is indeed down very far compared to prices on December 17, 2017, but it has already happened in 2014 where the price of Bitcoin dropped very far and it continues until 2016 and in 2017 finally Bitcoin prices start to increase again (it takes around 3 years to make Bitcoin prices rise). so from that, I'm sure the price of Bitcoin will increase again even though the time needed is not short. We cant blame the people who panics since its kinda normal when it comes to investing. Bitcoin will get back to normal in the couple of months lets just wait patiently and see the improvements.
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As interest in digital currencies increases such as Bitcoin, more and more Bitcoin scams promise high returns. Unrealistic lure is clearly a mere cover, and usually ends with the loss of clients' funds. Fraud often spreads in social circles based on trusted relationships. Therefore, we must be aware that there are cunning fraudsters who can actively seek ways to deceive with absurd tricks and offers.
How to avoid bitcoin scams :
1. Know What You Are Facing
You don't need to rush to decide whether an investment product is a scam or not. All you need to do is, take a moment to find complete information about the project. The easiest way to do this is to find information in the form of company details or Whitepaper (if ICO), and other things related to the investment product. Learn all the details carefully and do some research on testimonials, comments, and so on. Another way is to join a Bitcoin forum like Bitcointalk, and immediately ask for credibility of an investment product or company to other members.
2. Avoid Unrealistic Offerings
Usually, crypto currency fraud can disguise its identity by using a social media account or advertising banner that looks professional. Mark Steward, director of FCA law enforcement, explained that when people become more skeptical of the real world regarding investment and consumer habits have changed, investment fraud has moved into the realm of Online and social media.
How to avoid this Bitcoin Scam is, you are better selective about all investment offerings from the Online platform that you did not ask for, whether through social media, email, or even by telephone. Even if it looks official, pay attention to how it is offered. Con artists usually dare to promise high profits to lure victims. So if you feel the promise of profits is unrealistic, immediately ignore the proposed offer.
3. Beware of Phising Web Pages
Increased interest in crypto currencies makes many new investors enter the market. Lots of land in a fake landing page that claims to be a popular digital currency exchange platform. One example is the one that uses the Punycode technique. Through this method, the fake domain 'xn - inance-hrb [dot] com' can be displayed as 'ƅinance [dot] com'. This technique is usually able to deceive consumers, because web pages can look really like the original. You can overcome this by being aware of vulnerabilities that exist in internet browsers, such as Chrome, Firefox, and Opera,
4. Beware of Fake Digital Wallets
Fake virtual wallets often appear online or at the mobile app store. In the example of a fake Wallet fraud that happened, more than $ 3.3 million was stolen from users who want to claim their Bitcoin Gold. To anticipate similar events, many Bitcoin Wallet providers caution clients to be aware of the cloning of scammers who want to steal victim funds by imitating their appearance.
MyEtherWallet for example, warns customers about fake MyEtherWallet in December. In addition, before choosing a digital wallet provider, do research first. Please share opinions on leading crypto forums, both local and foreign. In essence, only use the Wallet provider with a good track record.
5. Beware of Bitcoin Thief Malware
Malware is something that concerns computer owners. But now, a new category of malware capable of stealing Bitcoin-related data has appeared. Malware authorized by the computer owner is able to record typing or search for a file with the keyword "Account", "Password", "Bitcoin", "Wallet", or other keywords specified by the author, then upload the file to an anonymous server automatically.
In addition, there is also a malware that seeks to absorb the computing power of computer users to mine crypto. Anticipating this, YouTube is trying to deactivate ads that take computing power to mine crypto currencies. It is believed, after users see the related ad videos, the computer becomes slow and there will be warnings from anti-virus programs. Malware like this can steal up to 100% of computing power to mine crypto currencies (generally Monero). The solution that can be applied here is to install strong anti-virus protection and active Firewall to protect the computer.
Its nice to see some useful advice like this in this forum. I was scammed before and that was the bad situation I have ever experienced. Thats why this information is such a great help especially for newbies.
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Knowing the crypto world was the best thing I have ever done. Today I was given an amount of $20000 by my uncle to make an investment for him at the bank so that by the end of the year he can get some additional money added to his capital. I sat down and calculated and found out that, investing at the bank will give him just $2000 interest.
I then called him and explain to him about cryptocurrency and how secured it is with evidences and it price increment for last year. After seeing it he told me to invest that amount into BITCOIN and I have done it for him. I know that is volatile and can fluctuate but I made time to explain to him that although the market is red now but when the green days come he will get not less thank $25000 added to his capital. I know I did the right thing and he will surely laugh some days to come. What do you think guys?
I prefer to invest in bitcoin rather than banks because in bitcoin I was able to control my money while in banks government has the right to access any information about me and they can control my money.
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Its really nice how a famous person like her promotes bitcoin. That will make other people get interest in investing in bitcoin. I cant find any bad effects of it.
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