I know we all can make a good profit when markets are going up but since last, one-month markets are down. So how is your portfolio is doing and are you selling or holding?
I think the trade will be very difficult when the market is down, the price of bitcoin continuously decreasing causing the price of altcoin also decreased, which made the market go down, capitalize gradually. I believe that when the market is in crisis as it is now, we should exit capital to usdt and wait for the market to be better before continuing to invest. |
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by David Drake
In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.
Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.
"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.
Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, there’s no doubt that more price swings in the cryptocurrency market will follow.
"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that won’t change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.
According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, it’ll be hard for its value to drop below the $10,000 mark.
"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. It’s difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.
Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.
You can see that the current price of bitcoin is in a strong downtrend, so it is difficult to exceed the $ 19800 level by the end of 2017. The market is in a severe crisis when the price of altcoin also fell on bitcoin, market capitalization has evaporated $ 500 billion and is now at $ 300 billion. I believe the bitcoin girl will reach $ 1000 in 2018. |
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Some major events as seen by China. More.... It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver. An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers): https://seekingalpha.com/articleChinese government told/encourages its citizens to buy gold and silver in 2012. I think that gold is the best choice at the moment, can see the gold price is peaking in the last three months, this is the beginning of a sharp rise in gold prices. It can be seen that the war broke out in Syria has made the world once again crazy, the dispute between the United States and Russia is hot this will continue to push up gold prices. |
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If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
I think that you should consider not investing in bitcoin for a long time, so that the market in the last three months is in a panic and there are no signs of recovery, so I think you Have the information you need to plan your investment. Bitcoin prices are constantly decreasing so I think you should only invest in short term. |
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Hi, guys!
I am in cash in Bitfinex now, what would be your advise to do now? What coin to buy or to stay in cash? THANK YOU!
You can see that today's bitcoin prices have fallen sharply, and are still in a downtrend. You can see that the market is continuing its down cycle when the price of bitcoin drops has pulled altcoin down as well. I believe bitcoin prices will continue to fall sharply and reach $ 7400, so you may be able to buy bitcoin at that time. |
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how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?
PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.
Thanks,
Mike
I suspect that at this time the price of bitcoin is very sensitive, currently there are signs of continuing a deep decline after recovering to $ 8000 level. I believe that at the moment when the market is knitting in crisis, after every transaction you should move all the USDT to protect your capital and not worry about loss in the market storm. |
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Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
I believe you should not trade at this time, the price of bitcoin at the moment is very strong and will lead to altcoin decrease, according to my analysis, the bitcoin price will be able to $ 7300 mark today, so you can buy bitcoin at that landmark for commercial purposes. Bitcoin prices are volatile, so plan and be careful when trading altcoin. |
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What are the best investment opetions for bitcoins to be put into?
Please post here!
I think that the investment choice at the moment is always bitcoin, you can see that after the price of bitcoin rebounded strongly in the past few days, the moment has shown signs of reversing and continue the bear market. I believe bitocin prices will be able to hit the $ 7400 mark and you can buy at that point. |
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That is enough to open potition, Buy potential coin like ETH , LTC, WAVES and trade it with day trading methode because the market now side away, and if you want send that money to other exchange, dont buy BTC because will be not enough for transaction fee. Buy LTC or WAVES so the fee will be lower.
I think we should not trade at this time, so we can see that the prices of bitocin and altcoin today are very volatile, so the current level of $ 7900 has been penetrated so according to analysis My bitcoin price will probably be about $ 7300 mark. So at this point you should pull out the USDT property. |
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I am a newbie to BTC field.I have little little bit of BTC amount(around $14).Is it enough to trading altcoins.IF it is what are the sutable altcoins
I believe that this time is very suitable for you to trade altcoin, can see that the price of altcoin in the past few days is soaring, a lot of altcoin pump in the past week. The price of bitcoin is now staggered so you will not have the impact of bitcoin on altcoin. At the moment I am investing in VIB and have the ability to pump high today. |
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Today we see 5% correction of BTC price. It will continue?
I think that bitcoin prices are fluctuating greatly as they are constantly adjusting and causing the market to fluctuate continuously and very complex. I believe that the continuous correction of the bitcoin price suggests that bitcoin will continue to have strong declines. So I think that at this point you should sell bitcoin and wait for better signals to be able to enter the market. |
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Is it better to save money in bank or invest it online, in real estate or maybe gold?
I believe you should let your property turn to gold as the safest and most profitable. It can be seen that gold is something that always holds value over time and can be bought and sold at any time of the day, so you can buy and store. At present the price of gold is rising very strongly, you can buy gold also have big profits. |
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I have been observing the market for sometime now and I also notice that many YouTube/Telegram channels I subscribed to are giving the the buy signal for the cryptomarket. I have some spare dollars I wanna put into the market especially in altcoins. So just wanna know what your thoughts are. Is is time for traders to be bullish and can you predict a date you think it's gonna begin?
You may find that sudden drop in the market is very risky for us, in times like that, I think you should get out of the market and not trade, you should sell off the bitcoin and altcoin. USDT to be able to preserve capital and wait for the market to return to resume trading. I believe the bitcoin girl will have another final price surge before falling in the long run. |
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i am very new to trading and would like to learn how to trade
...not sure where to start ... any suggestions would be very helpful ...
whats the best way to get the knowledge in this field ?
thank you
I believe you can start trading at this time, it can be seen that bitcoin prices in the past few days are very strong and you can earn very high profits when trading short. According to my analysis, the bitcoin price will probably increase in the long term so you can completely trade the risk of bitcoin prices dropping abruptly. |
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I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
I think you should hold ADA at this time, the ADA is a very potential coin and it can grow strongly in 2018. I expect in the next two to three months the price of the ADA will be able to x2 to x4 At present, you should start buying ADA at 24x-25x sts in order to get the most profit. ADA has a lot of projects and plans to grow strongly in the next two months, so I am very much expecting this project. |
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I just read on Btcjam blog that they are closing down: https://blog.btcjam.com/2017/05/25/btcjam-is-closing/, now I am just wondering if big players in thebitcoin industry are closing down, is there any future for bitcoin really. I came to know about bitcoin through btcjam when i was introduced there to borrow. Eve in this forum, looks most signature campaigns might close down because of the ever rising price of bitcoin. Most of them have reduced their payout amounts for posting by more than 50%. Is this a good sign or a bad sign for the bitcoin development? The future of bitocin is quite clear this year, you have seen that bitocin prices are falling sharply over the past three months, the market is constantly in crisis, the market capitalization is declining and there is not yet. Signs will increase again. I believe this will be the last bitcoin price increase so you can get out, so you need to constantly monitor the market to get a feel for the situation. |
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Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion? I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it. Thanks  So very well, that is also a commercial way. You can trade according to the news, there are many altcoin trade pumps when there is good news and dump when there is bad news. But the trade is very risky, when it is news and the amount of FOMO and FUD large will greatly affect that coin and market. So you need to find out where the information is reliable. |
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I have been observing the market for sometime now and I also notice that many YouTube/Telegram channels I subscribed to are giving the the buy signal for the cryptomarket. I have some spare dollars I wanna put into the market especially in altcoins. So just wanna know what your thoughts are. Is is time for traders to be bullish and can you predict a date you think it's gonna begin?
I think that every time the market goes down you have to immediately withdraw from the market, stop all trading activities and transfer all assets to USDT in order to preserve your assets. As far as I can tell, the bitcoin price is going down a bit before going down, so you can wait for the price to go down. |
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If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
I think that the long-term investment in bitcoin is completely wrong, you can see that the price of bitocin in the past is fluctuating continuously and difficult to guess. Although bitcoin prices have rebounded sharply in the past two days overall, bitcoin is still in a strong downturn and market is in crisis. So the trade becomes much more difficult. |
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Having seen the massive rise of cryptocurrency prices in the previous year, I have seen that if one gets a coin at the right time and holds it before the prices pumps up, there would be huge gains. But then, the frequent bearish attitudes of the markets also affords one some gains.
Among these two strategies, which is better and which d you recommend?
I believe that today's trade is the best option, you can see that bitocin prices in the last three months have been falling sharply and there are currently signs of a slight recovery in the downtrend. So if you keep the current bitcoin is very dangerous, currently bitcoin prices are fluctuating continuously, every time the increase in bitcoin has a phase pass, this is very sensitive time and you should exit USDT or just trade altcoin. |
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