While most of the analysts are letting their wishful thinking of a trend reversal influencing their analysis, this top analyst on Tradingview (MagicPoopCannon) has been predicting the current price action of BTC already several months ago and he is setting 3000$ as a logical bottom. Click on the link below to read his analysis and see his chart. What do you think about it? https://www.tradingview.com/chart/BTCUSD/GLtEEYfz-The-Downtrend-Continues-BITCOIN-BTC-D/The price of bitcoins will never go down to $3k dollars because there are a lot of people who are interested on cryptocurrency and i believe that $6k is the stable price today in the market. Well, the bottom of the descending channel does not mean it would reach the bottom before it breaks out, but only shows there could be more room for it to break down to that level as long as it remains inside that channel. That is one thing a lot of people do not get, it is a way of just preparing for the market in any way it wants to come, it is not like anyone can certainly predict exactly what would happen in the future. So, saying that the market will never go down to $3k is not sensible at all, because it certainly can. |
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Ah well, nice topic. I would suggest not to give up full time unless you have some stable assets diversified.
There is only one difference between an investment in cryptocurrency and a full time job. The latter being a consistent source of income and gives a monthly flow of money. The former is more like a lottery type system that often goes into the boom period growing the values of your portfolio and sometimes recedes in the back direction which has been making quite a chaos in the market lately. In my opinion, one should keep a balance between the two and should earn from both direction to form something solid before turning in a specific direction. |
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Absolutely yes because we can make our day to day living by means of our national currency even in travel of different countries. What we really expect to crypto is to earn from it and converted into our real fiat for our future use.
There are certain aspects of life that could not be changed and an olden economic system is one of them. As long as your economy does not allow the crypto, you cannot use it. However, I believe in near future, you might be able to use crypto by booking a ticket or while traveling since the system gets upgraded. In daily life, while making ordinary transaction, you might not feel the need to use cryptocurrency if fiat can do the job. However there are so many possibilities in the current market. |
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Well I am trying to increase both of them, Dollar and Bitcoin. Personally I need both, I use the fiat money to pay the daily bills offline and to complete my deals, but I am also using Bitcoin for trading and buying some services online. So I try to increase both of them.
This is called diversification of your income and this is good in the sense that dollar is ready cash and could be used anywhere unlike Bitcoin and the decision to spend Bitcoin is entirely dependent on the market condition. If the market is down, you would of course refrain from using Bitcoin for transactions. However the ratio of growth that you can get in Bitcoin is far more than that in dollars so investment in both Bitcoin and dollars is an easy way to make quick money. |
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If i would have invested in Bitcoin 10 years ago, which i was considering doing anyway, i would have been very well situated now. The fact that you haven't become wealth from it yet might be because you didn't invest in in accordingly. Profit is according to the amount we invest, if we are scared to loose, we will never earn much either.
Actually the function of rationality is dependent on many factors and selflessness, altruism and selfishness are few of those factors. Of these factors, not all are dominant in people and varies from individual to individual. There are those who would invest in people upon achieving a certain level of financial freedom and would derive utility in helping out others. There are those who would pile up stacks of dollars and would not give back to the community. All of them have their own agendas. |
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ethereum is a coin that has a future and a good movement, so of course ethereum will definitely go up and still be profitable, don't panic with prices falling because it will definitely rise again
I'm sure ethereum will go up like a ripple, if ethereum goes to the third position, surely ethereum won't take silence I believe that ETH is not a weak cryptocurrency in the market. It was moving forward with a great acceleration and a reduction in the market price can occur due to many reasons so it should not be necessarily the faults and shortcomings in the technology that it will vanish. I believe that as the market for ETH recovers, small fluctuation in the price will shift back the demand it lost over the time. In his way, we will have ETH again on the second position as the second best coin. |
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I still believe and believe that this is not the end. indeed now there are a lot of people who feel disappointed but I still believe that even though my asset estimate is decreasing I still believe and the spirit to stay here
Of course I do believe in the potential and ability of cryptocurrency to give back and to let you earn easy money. Crypto still has a long way to go and the fall in the market values should not be regarded as the end of the crypto market which is one of its kinds and will be the most successful market till long. Even still, majority of the countries are accepting the technology and democratizing their people to invest and make use of the technology to make their lives easy. |
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We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
I dont think put investment is a gambling. It is true that every investment have high risk, including on cryptocurrency but if we already make analysis and research, its not a gambling, it call investment and i am believe if we are living on digital world, we will need cryptocurrency like bitcoin as store of value or as currency Why would we be in risks if we do not perform any irrelevant actions or decisions against our investment or during our overall process. As long as we attempt good things and make favorable decisions according to present situations then there is nothing like to say that there is risk. If you are looking for huge profit then Bitcoin helps you out in this regard but it does not need any mistake here which can result in huge loss as well. |
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In my opinion, this year will be a good time for us to start trading, as the price of the coins is always going down in the good times for us to buy and wait, and then the market will rise. No one can drop much
I do not know and even the whole world is not ready to say something about the price will go up or down in the upcoming days. I will discuss the previous market price movement of Bitcoin which was around 6500 US dollar few days ago but it decreased to 6200 US dollar price but when I checked the price today it has increased a little so these ups and downs happen according to the market factors. |
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I always have a spare Fiat, in the amount of 30-50% of the total deposit. this is important, because you can buy in a falling market.
This is a nice strategy. You might need to use your fiat anytime in case when the ATM is not working. A complete reliance on the technology is not a wise thought and the mind set need to be changed a bit. Besides, the more cash you hold, the more you will be able to make instant transaction. Investment in an asset with highest liquidity is also a ready source of cash as you can exchange it in the market anytime. So the importance of fiat cannot be ignored. However it is also desired to invest in assets for long term to get your investment replicated to save for future. |
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A decentralized project does not belong to any country. This is the sacred stone of true projects related to cryptocurrencies. It is not possible to imagine that someone like Putin could be in the long term favorable to Bitcoin.
Why not? It may indirectly happen at some point. Governments are tied to each other when it comes to conducting business on various levels, and the most convenient way to settle transactions is to use something that doesn't favor any government specifically. Bitcoin is neutral and that offers the possibility to conduct fair transactions, while right now every government is subject to potential shenanigans from a banking system that can't be trusted in any shape or form. I'm actually expecting this sort of activity to take off in the coming few years. In other words, it's not only we as in the normal folks that are in need for decentralization. Partially agree with what you say about the topic. Majority of the nations fully agree to use SD as their international currency to deal and trade in because of the fact that their own currencies might be very down either or they might not be accepted everywhere. I think its only the political system that is the superior. The government decides whether or not to recognize the crypto and these decisions are normally based on their policies. If their policies suit the crypto intervention in the already established economy, they would welcome it otherwise not. |
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That's why you need to be more selective for what project do you invest.
Remember cryptocurrency is high risk high reward activity so make sure that you have prepare to loss and consider profit as the bonus.
Scammer is just like criminal that looking for the profit !
With every new bug being spotted in the cyber security of the technology you choose, the security is further tightened. For example Bitcoin is very secure because of the blockchain technology. But scamming is not something new in the market. It has been there since the start and even still the technology is operating with people investing in different projects and holding them for long. The probability of hacking a wallet having coins is very low, almost less than 0.1% in case of blockchain technology. |
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It will be difficult to predict but in my opinion the political turmoil in the world today has a role that can influence investors to invest their assets in the crypto world, because they prioritize the security of their assets in the real world.
It is not possible to quote a day or date or a specific period for the market recovery because the market is very uncertain and it is not easy to quote exactly without data and precise speculation. Besides, speculation by some experts-who were optimistic about the rise in Bitcoin from July- were wrong and did not prove right. In my opinion, crypto market will recover only when the effect of demand is completely reflected in the market. Since crypto is still in its initial stages, it had a great gap to fill and has still a very high marginal productivity which mean to say it will recover in future. |
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until now I still hold on because I believe things like this will pass and change happiness, it takes a strong mentality to do it because the decrease in assets that I have is very low. Always thinking positively is the best way to be calm facing the current conditions  This fall in the market and in the graphs of Bitcoin is nothing but just the market disequilibrium. A business cycle is composed pf many phases and the current phase is the phase of recession which is the reason Bitcoin has a down market. Since the market is not static and hence the technology will also spread with the passage of time, this will rise the market of Bitcoin and those who are holding right now will notice incredible rise in the worth of their portfolios so keep on holding. |
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What kind of stable market do you want? Cryptocurrency trading is very volatile it can never be stable unless trading is controlled by the authority to avoid market manipulation but since this market are free to control by anyone who has the power we will never be achieved its stability because right now it cant be controlled by any government organization.
I don't know, since Bitcoin first emerged, crypto prices have never been stable. in fact, even a very stable ETH is really unpredictable. well, but many people use this for their benefit. especially for traders. The price is not stable and has been surprising us since the start of this year till now the price sometimes increase and sometimes decreases so this fluctuations in price is due to the demand of people in terms of buying and selling rate. It is a benefit too and good for the conditions to normalize it only if we buy Bitcoin right now will also cost us less and one should avoid selling for small profit. |
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Another currency or another altcoin? If altcoin then Lets wait for etherium to replace the throne of the king if bitcoin will not implement the lightning network and etherium will in the future successfully feature it Im sure eth will be the next one.
In my opinion, it is very difficult for ETH to beat BTC, if there are a lot of other coin apps that are better than ETH and BTC. However, the difference is that people only believe in bitcoin because their prices are not so volatile It is difficult to overcome Bitcoin by ETH and this is totally irrelevant to say because we have to know about the prices of both coins then we be able to compare and talk about both the coins. The price of Ethereum is 196 US dollar while that of Bitcoin is 6251 US dollar and both are currently running in their low markets so the difference is clear that it will take long for Ethereum to reach at even the lowest value of Bitcoin. |
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Fiat in my opinion will continue to be in use worldwide. The world may not completely be able to do without the fiat since crypto cannot be easily accessible in very remote places or rural settlements.
That is right. Fiat cannot be ignored no matter how much the world advances. There should always have to be an alternative in case the existing system crashes. Besides, since the crypto system is all internet based, the collapse of the internet connection due to any technical fault in a country can result in the lowered economic activity of that country and hence can hostage the country. This is the reason fiat should be there to be used as an alternative in case of any collapse. |
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there is no deadline on the dip and we can only analyze when the coin is at the correction price.
I'm not too FOMO and not just waiting for the downtrend to be passed, the important thing is to determine the momentum because some altcoins are green and can provide small profits on a regular basis, the mindset will be wider if we are able to open our minds to many coins that have good hype.
The general perception of the common people is to invest only in the type of assets that have a stable rising price so the growth in the worth of that asset will be more visible. However this is not the case in cryptocurrency. Over here, you have incentive to invest when the price of a potential coin is down. Since the crypto has been of great importance for so many users, it is still very likely for many of them to invest in crypto and maximize the margin of profit they will probably earn. |
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Hackers are a threat to cyber security. We are always wary of hackers if you are not aware that you may be a hacker victim taking away your wallet.
Do you know that being a hacker can make you a rich person? The current trend in the world when there is a growing number of online companies is that majority of them launch their online companies and hire the sharp hackers to spot bugs in their cyber security system. This way they keep the company secure and shield it against the attack of those who are always online to hack and steel. The blockchain technology is one of its kinds and it has actually made it almost impossible for the hackers to hack the wallets. |
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End of the year I think the market will rebound back later this year so let's try. I think the market rebounded and that luck will come to us, as I should focus on holding, Do not rush too fast
In my opinion, this is not so difficult to have 25x until you have a great strategy. This is a down pricing moment right now and a rise as high as 25x is not impossible. Even if it did not occur till the end of the year, it will definitely occur in the next year with a blast. Back in 2017, we had a series of jumps in the market value of Bitcoin and the price surged to its highest possible peak in one week. So it does not look idealistic for Bitcoin covering the 25x journey. |
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