it is called a patience. in trading then we are in need of a patience, in the absence of it then a beginner will only experience defeat. this is a learning and every day that we get the science will increasingly. With patience then we can learn to restrain emotions in order to make the right decision and also good. yes trading requires several aspects to achieve success. without it then we will not get anything in in the world of trading.
If you have patience then you have half of the battle won when it comes to investing and trading the bad news is that people of this generation do not have the patience to wait for anything, they are used to get everything immediately, even if I'm not that old I remember having to look through many books in the library to find the answers I was looking and now young people the only thing they need to do is to ask Google for the answer but the good thing is that I have the necessary patience to succeed in this market while they do not. |
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Agreed, $50k is hilariously comical. I see it dropping to around $5,000 by end of year
I will admit that some members of the community are simply too positive about their predictions and about what bitcoin can achieve and in fact a price of 5000 at the end of the year is completely realistic however that is not enough to say bitcoin is never going to reach those values before the bull market of the previous year there were many predictions which said we will need a decade or two before reaching that price but people got overexcited with the bubble we saw last year and the predictions for the price of bitcoin went through the roof. |
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How about for the beginners who totally have no experience and such?
We also have to consider them as as they are now called traders, e also need to support them because they are also part of the market.
For the beginners, I would suggest that as young as they in trading, they should try to be curious and at the same time cautious. I believe not all experiences become learning so maybe they could just learn from others' experiences.
If you have no experience as a trader the best thing is to wait, I know that when they see the potential of cryptocurrencies people cannot stop thinking about all the money they can make in the market but things are not so simple especially now that the market is very bearish and it seems we are going to touch a price below 6000 in the next days, the best thing to do is to study the markets and some books related to them and only invest once the price has reached the bottom. |
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The only way to lessen the coming of other currencies is through regulations. There should be a set of standard to be met to produced another kind of coin. Most newly introduced coin are all the same, it has to be unique in features which makes no similarities for others. Lesser number of coin will cause to make other coin easily get developed since oeople will be choosing fewer kind in the market. If not regulated, scam schemes will continue to grow.
You are completely mistaken and the only thing you need to know you are wrong is to go to your nearest supermarket and look at the shelves, you will see 5 to 10 different brands of almost any product that are basically the same when it comes to function and their ingredients, this is the same, there are many coins which are basically the same that is true but you cannot forbid that people release similar products in fact that will kill competition and innovation which by your post it seems that is what you want to boost. |
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One (technical) chart says that bitcoin will start booming again and the correction is over. Another chart is showing that bitcoin is in a bubble and will drop massively. A third chart will prove that the price will be moving sideways for the next couple of months. Which option (A, B or C) will you guys choose  This is a huge problem, the charts can be made to say anything, in a way this is no different than divination techniques in which a gypsy tells you your future through tarot cards, cards that can have any meaning the reader wants, I have say it before but it is necessary to repeat it, if you are a long term holder whether the price will move up or down or not move at all in the short term is irrelevant, we know that in the long term the price of bitcoin has an upward trajectory. |
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Many reason pointed out in the article to believe in the future of Bitcoin : https://www.cnbc.com/2018/05/26/bitcoin-still-a-buy-says-blockchain-venture-capitalist.htmlAlso a good statement about ethereum and its relation to ICOs: "Bogart said he's especially cautious with ethereum, which he said has a lot of overhang because so many initial coin offerings (ICOs) have been built on top of ethereum. He pointed out that if the ICOs don't work out, that could be bad news for the platform its built on. " It's all just opinions, so my is that it will hit 20k, and I am coming back to this post to say I was right lol. I really do not think that anything that extraordinary is needed to reach that price again, yes the market is not giving indications it is going to reach that price right now, but I do not mind I'm thinking in the long term and not in the short term, so as long as you are willing to be patient and hold your coins then seeing that price is inevitable the only problem is that I think that a majority of the users in this forum are going to see those prices and they are not going to have any bitcoin to benefit from it since they will sell before that. |
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This is not a valid point. They lost their investment not because of bitcoin or any of its features. They lost it because they trusted the wrong person and this has nothing to do with BTC. If you sign a paper that grants someone access to your home, it has nothing to do with the real estate industry. You didn't have to be a genius to buy BTC at any point since 2009 and hold it. If you did so, you are now one of those millions of "chosen ones" who at some time in their life held BTC and sold it for a higher price.
Correct, while making money with bitcoin may seem to be a very complex activity at the end it can be resumed as just hold until the price is higher than the price at what you bought, a person that did not know anything about bitcoin but that was persistent and patient enough could be rich by now if that person invested a big enough capital just in the last year, think about it a person that invested 50k at the beginning of the previous year and sold at the top could have 1 million dollars. |
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For a crypto to be a mainstream currency, it should be stable and not volatile. A stable currency is required for a strong financial market. Price stability contributes to achieving high levels of economic activity and employment by improving the transparency of the price mechanism.
Volatile cryptos, in my opinion are more good investment assets rather than currency as they give you good chances for profit gains in short period of time.
I disagree with this, it is true that to have a stable and not volatile currency will be better but a currency like bitcoin can still be used as money, people will just need to adjust their behavior to use a currency like that, people adjusted their behavior to use a currency like fiat that is always inflating and that is why savings are so low among the population, but when they begin to use a deflationary currency like bitcoin savings will go up and mindless spending will go down. |
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The greatest problem is that many think they will be able to handle cryptocurrency investments only to realize that is not true and an even bigger issue is they realize this very late once they have invested more than what they can afford to lose and bitcoin goes down in value considerably then those people blame bitcoin for their losses when it was them the ones that were guilty of overestimating their capabilities as investors and long term holders. |
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I am kinda worried about one factor - rate of Bitcoin adoption. It seems like adoption slowed down significantly during last year, and sometimes even reverted (Steam is no longer accepting BTC)
Metcalfe's law states that the value of a network increases as the number of users on said network increases. So the number of users we have, affect directly the price BTC
Adoption is somewhat stagnant - no major company is talking about accepting bitcoin as a payment method - because they know that people are not willing to spend their coins anyway.
I am worried that "hodling' mentality of Bitcoin users, in the end, will be a very big problem and the reason for low BTC adoption.
I think those two things are different aspects, in one hand you are right when you say that business have stopped adopting bitcoin and in fact we seem to see the opposite, the adoption by new users has slowed down somewhat due to the crash but it was very good before it, the main problem for business were the high fees and I sent a transaction some days ago and the fees were very cheap comparing them to a few months ago and this is going to improve when the lightning network is working, so we will see more adoption in the future it is just going to take longer than we anticipated. |
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by way of credit we will feel lighter because more time to pay it gradually every month. but before we owe, we have to calculate our ability to pay so we do not burden us
There is nothing wrong with credit if you know what you are doing the problem is that very few people know what they are doing when it comes to managing their debt, for example if you make money through the Internet and you lose your laptop and you do not have cash in hand it is justified to buy a new laptop but most people buy unnecessary and unproductive stuff with credit that only accumulates dust overtime until they throw it away or sell it for a loss. |
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Why is the world economy is sliding down, a bit reminder to 2008 when the world economy is in freefall, The shock waves from the collapse of Lehman Brothers maybe on of the main factors.. The economic indicators - trade, industrial production, unemployment - are comparable to the early stages of the Great Depression in the early 1930s.
My point is, how bitcoin could take place to helps the Economics rise again or it would be an additional threat to economy stabilty ??
Bitcoin is going to do both, bitcoin is going to help and at the same time it is going to be bad for the economy, bitcoin is going to help people like us which hold bitcoin and use it as a way to protect themselves, but it is also going to be damaging for the economy since people will begin to realize that bitcoin is not crashing like their fiat and they will want to get bitcoin, this in return will make the price of bitcoin very high and some people will exchange everything they have for a minuscule amount of bitcoin. |
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so far there is no altcoins that can beat the bitcoins from the first rank of coinmarketcap, I want to ask you, what is the name altcoins that can beat bitcoin?
Do you know that we cannot see the future right? There is no altcoin that currently exists cannot beat bitcoin and take bitcoin out of the top spot of the market cap, how are we supposed to know the name of the coin that could accomplish that in the future? And when we add the fact that bitcoin is such a good coin that is still being updated then the chances that a new cryptocurrency will appear and take the spot of bitcoin at the top are very low at best. |
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Right now media and governments are not in the mood of legalizing the bitcoin. Even some countries announced it as banned even there is no evidence of it. We need to understand the power of cypto currency first before fighting for the legalization of bitcoin. There is a lot of negativity in the market and investors are stepping back to save their money.
You are not understanding this very well, they are never going to be in the mood, what bitcoin will have to do if we want it to be legal all over the world is to force the hand of the governments by the will of the people, this is why governments can ban it right now since there are not many people to defend bitcoin right now but once that changes even if the best interests of banks and governments will dictate otherwise they will have to legalize it even if they do not like it because of public pressure. |
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Todays bitcoin market is not like these past few years because ethereum market now is starting to bloom. I can say that bitcoin is starting also to overtake by ethereum because bitcoin blockchain is slow unlike ethereum blockchain that is seconds only to confirm a transaction.
Keep dreaming there are several reasons why ethereum despite being a very good project is never going to surpass bitcoin, to begin with the main use of bitcoin is as a currency while the main use of ethereum is as a way for bad developers to put useless coins in the market, second the issues your talking about will be resolved by the lightning network and finally the issue of immutability of ethereum is great since we know they are not going to respect that principle of cryptocurrencies. |
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High inflation is simultaneously a tax easily collected by the government. If the majority of citizens do not use the national currency, the state will not be able to finance the projects needed by the country due to inflation (not all money is spent on corruption, some of this income goes to people  ). You are talking as if high inflation is moral or even necessary but it is not, high inflation is bad for the economy, the governments and the people of the country and yet governments engage in it thinking they can control it very much like drug addicts that think they can control their addictions and like them they always fail and they drive the country to a crisis so big they can only get out of it by printing more currency and this wrecks the economy even further. |
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Hey guys, since January fall bitcoin didn’t grow at all. I mean in February it was 7k$ and now too. When do you think it will stop? When will bitcoin finally grow?
Predicting such a thing is very difficult, anyone that says to you they know exactly when that is going to happen is lying to you the best we can do is to guess when that is going to happen and I think we are not going to see a recovery in the price of bitcoin until the next year, so if I were you I will try to make the most out of the current conditions in the market and buy as much coins as I can before we see that price increase, I know my prediction is not the most bullish but that is what I believe will happen. |
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In general there are too many altcoins/tokens, which hurts cooperation; everyone wants their own coin/token to succeed, so their is a disincentive to collaborate with other projects. Ideally economic incentives could be created to bring many actors into the same cryptoeconomic system.
This is no different than what we see in the real world where two stores open in the same street that offer the same products, if there is not room for both of them this means that one will disappear and the one that is left standing will come out stronger as a result so I do not see anything wrong with having many similar coins at the end just a few will remain, those will be the best and the ones with the best developers, it is true that some people will lose money by investing in the wrong coin but that is just part of any market. |
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Every news either positive or negative ones can really make such impact into the price but this doesnt happen anytime. Sometimes fake news or fuds doesnt make any movement at all depending on what kind of news is being aired. Speculations would be just a normal thing and Fundamentals would always been good to get some basis on your trades.It might not be accurate but chances would really be there for you to profit or even buying the possible lowest dip of price.
The mental state of the ones trading in the market is very important as well, when the participants are very bullish about the market FUD and other bad news have a tendency to be ignored and only the good news have an effect in the market, and when the participants of the market are bearish then FUD has an easier time affecting the market, this is one of the reasons of why the price does not seem to recover since people are simply too afraid to keep investing in the market right now. |
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To be honest I wan't to see a higher price but if things like you've said will happen and so what? It's an oppurtunity to buy more at a cheaper price, isn't it? For me, price won't go low as $1000. Not all you can see and expecting is true and about to happen. Sometimes what will going to happen is the unexpected and btc is good at it.
The price wont go that low, that is correct but there is still the chance the price goes lower than its current price in the next months, that will be the perfect opportunity for a long term holder to get all the cheap bitcoin he can while taking very few risks, eventually all the people that sell their bitcoin at that time will realize the terrible mistake they have made but it will be too late by then, this is why holding is my favorite strategy you get all the rewards and you reduce the risks of losing money. |
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