This thing is in my mind for very long time now I decided to share with other forum members. I can see lot of threads and guides for the newbie and other forum members says about " How to get merits",but is that necessary to chase merits? I never wanted to run behind merits because for me its like I am changing my attitude and posting behaviour to get something in return.Just be yourself and learn more about cryptos,why we wanted it and of course how to make money using cryptos.Help fellow forum members in the way you can,if you got recognized then merits will follow you up. Ignore this topic if you didn't learn anything from this topic,I just wanted to say how I feels about getting merit.  I personally don't chase merit but it's always welcome when someone feels that they have gained some knowledge from my post or learned something from my post and appreciate it by sharing a token of merit then it's a pride but not everyone reads the topic about merits just to earn merits but to learn the basic things. |
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there is no month this year, market conditions are now very sad, I'm trading for a few days and I'm losing, maybe I entered at the wrong time.
and also have you seen the market conditions in this q3, very bad people find their defeat.
is it possible in q4 the market will recover?
and I also believe the bull comes at least once every 4-5 years.
Don't lose hope as everyone has been through what you are going through now and trust me there is no good or bad time to enter the crypto market it's just the market situation which makes the momentum back and forth, the market will recover just like it did in the past wherein the value dropped down below $5k, just give it sometime and don't do panic selling. |
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Bitcoin's future prospects could be better than the current one, but will the price continue down when it rises?
What is the probability of a bitcoin collapse? It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.
If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.
What are your thoughts?
After 10 years of being alive, Bitcoin is fully decentralized and it not possible for anyone to take advantage of it. There are possibilities of ignorant people getting scammed due to their ignorance, but this should not be blamed to Bitcoin. It is up to investors how much educated would be or not... There is a lot which has happened in these last 10 years as bitcoin back then hardly had nay big investor but now it has too many investors who hold good proportion of bitcoin and can cause the fluctuations by playing with the bitcoin they hold and this was not the case before ten years and yes bitcoin is fully decentralized like it had been from day one but back in those days the value of bitcoin was not controlled by few elites who do it now. A lot of things have changed and not sure where the market will lead down the line in next 10 years. |
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The support of Bitcoin right now is at $8300 and if it can't hold it then the next support is around $8000. There is at around 50-60% chance that it will go higher at around the $8600 zone since the charts are showing that Bitcoin is bullish at this moment for the short term. The next resistance is at around $9200.
I believe bitcoin will not touch the price of $ 8000, in my view bitcoin will be in the position of $ 8800. I think this is the end of October, but to overcome the $ 9,000k resistance it shows at the end of the year. Returning to $8k is not impossible, especially with the small difference in price from current prices. if the market conditions are not strong, the price will not be able to penetrate to $9k in the near future. and moreover the market is still very sensitive and easy to panic. the slightest bad news can trigger prices down to $8,000. so for now hope that prices can go up and FOMO happens in the market. Well, Honestly the market has never been so unpredictable due to the past events as we can see that the bitcoin has reached back a good value but still we all have fear or illusion in our mind that the price may drop anytime as we are used to dump whenever the value is growing and then suddenly slows down. I am no different even I feel the same. |
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I believe that after a while, Bitcoin really realizes its full potential if speculators do not interfere with it and if specialists work to improve Bitcoin in order to improve all its capabilities. The main thing is that there should not be such situations with manipulations that were in 2018, but you also need to improve the scaling of Bitcoin so that it becomes possible to attract as many wealthy investors as possible.
Yes it's high time specialist needs to take bitcoin to the next level and at least try to update the existing features, but I am skeptical if the price fluctuations will ever end as it will be there forever because of the fact that a huge amount of bitcoin is under the coffers of big whales and we cannot expect them to just hold on to bitcoin as it will not give them any benefits neither they are here just to transfer money using bitcoin. |
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This really happens to many bounty hunters who didn't earn even any amount. I’ve been a victim of those bounty scam projects I earned nothing for the months of joining. I have also many shit coins, no value, and just a display in my wallet. Better we should really do some diligence before joining a project to avoid wasting our time and effort.
It's so similar to what I have been through and hundreds of users like us who have suffered and lost their precious time because of greedy developers and scammers who don't want bounty hunters to earn anything and just look at bounty hunters as a mere marketing tool to advertise the project without any value for our time. It's time people are reluctant to join any bounty because of bad name incurred during last 18 months. |
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The reason why I buy new worth tokens is because am a trader and not an investor. Investors tend to loose their investment with new tokens than the traders in the market. The area of my happiness with the new tokens is that; they can make you a good profit especially if they are listed on exchange.
I wish things work that way but this used to be the story of past and nowadays hardly you will see any successful new projects as most the projects crumble down before they get listed as investors and bounty hunters are just keep in dumping the project for mere profits and these new coins are of no use to traders as well because these are listed in some low volume exchange. Being a trader is not as easy as you have described. |
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Money changed its shape through history. As from non-monetary exchange to the need of having money. Fast forward to our current banknotes which are in my opinion slowly dying with bitcoin taking over. Many discussions are being held if bitcoin can be the primary currency in the world. Let's assume it can be. Everything has an end so what do you think will come after bitcoin? What will money look like hundreds of years from now? I predict its gonna be digital of course but I'm interested if it's going to be a cryptocurrency or something else.
It is possible to have a new coin in the future after bitcoin because as what we have right now our money features are exchanging their physical appearance and I think that is also how cryptocurrency will improve even more in the future. New coin or maybe new features of cryptocurrencies in the future. We are still not yet in that phase so maybe let's just stop assuming something new. LOL. But the better version is good I know. Yes it too much to assume what will happen in the future when our present is currently tangled between the fluctuations and volatile market. I belive there might be two set of crypto currencies one for investment purpose and the other one will be stable version of it will be used to quick transaction and storage, etc. Bitcoin was a mode of peer to peer transactions and off late it has become like a risk investment wherein it's now primarily used as investment purpose and secondary for transfer of money. |
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Guys have you noticed new announcement by telegram owner in latest day of 2017 ? https://twitter.com/durov/status/947420374102413312telegram is going to use blockchain technology too,now it seems blockchain technology is more than helpful we are gonna have it on telegram soon I think they are efficient enough to implement blockchain. In youre crypto life, ever wonder why most project using telegram as a social platform for communicating on many audience? Cause its goof and very useful, imagine if blockchain will be integrated now on their social app? It's gonna boost a lot more than what they can offer the community. Agree, telegram is a popular application that has been used by many people in various countries. If Telegram decides to make its own token to use as a transaction tool in the telegram application, I think it will make it easier for users to transact in addition to making the cryptocurrency market excited again That's true as telegram is widely used and one of the most user friendly application and their entry in the crypto world will change the course of market as many other social media and chat applications will follow telegrams footstep once it enters the market and this will pool in more number of investors which will increase the demand thus triggering a possible pump. |
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maybe they US government doesn't want to buy a lot of bitcoin because they think more of their people so no one is starving and they might be
want to build some infrastructure for the benefit of the US people because the government must consider its people rather than having to invest by buying bitcoin and they are also thinking of increasing their own currency (US dollars).
As adoption or investment into bitcoin will eventually make US Dollars look week and drop the value of US Dollars and the US government does not want to lose it and they consider bitcoin as indirect threat to their fiat currency which any country would think, moreover USA has been involved in some controversial decisions to stop gold from becoming international currency to avoid any loss to USA and they will never invest in bitcoin. |
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Anything is possible in the crypto market. As the Bitcoin price is volatile, so, it can go up to 100K USD, or it can stick to 20K USD. We don't know what is gonna happen, but we can dream of it. When we expected bitcoin could go to 10K USD, BTC went for 19K USD plus. Overall, 2025 can be a good target for Bitcoin at 100K USD. This is just my opinion, not a result of my research. Can we see your research on this matter?
Yes it's absolutely possible to hit the magical number of $100k as well as it's quite possible for bitcoin to hit that number and again come down to just $10k or $8k as we cannot solely be dependent on predictions but still predictions does come true at the time it's least expected. Anything can happen in this volatile market but things can be improve and most predictive if the whales are kept at bay. |
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Absolutely agree. As volatile as the situation may be, we know that sooner or later it will stabilize upwards. No one knows exactly how, when and how much. But surely those who are now spending bitcoins will eat their hands.
We have witnessed similar situations since last 3 years but still I fail to understand why do users just do panic selling for slightest dips and end up on losing end as panic sell cause more damage to the bleeding market situation due to increased supply of bitcoin. It's like immature user's loss is trader's gain. |
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The activities of bounty also have a negative effects of the token price most especially at the bounty distribution time. Some investors will want to take cheap advantages of the hunters buy bidding extremely low price to buy and most of those tokens find it difficult to get bag to their normal price after the greedy people pull the price down into muds.
Not only greedy people or investors should be blamed it's a total mess which is happening nowadays as neither the investors note the bounty hunters or the developers have a proper understanding of the market situation but everyone wants to be benefited by stomping on other's chances which leads to the fall of token value. |
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Most people who are worried about BTC prices are newcomers. Because they still haven't gained experience about holding or giving up losses they can get when the price of Bitcoin goes down. A few years ago, I was worried when I first bought BTC lol. Almost every minute I check the price of BTC and my heart beats fast when the chart shows a red candle  . An unforgettable experience.  As a trader you are worried about the price doing the opposite of what you're expecting it to do. This is your occupational hazard! Not only newcomers are worried. I'm sure that if the price fell today by another 10% you would start to worry. I sure would. Only people who did not invest or invested long ago and don't risk anything are not worried But I have different opinion on this as I would not be worried even if the price drops by another 10 or 20 percent when it comes to bitcoin because bitcoin has regained it's momentum after every single dump, this is not the case with the altcoins as they don't get a chance to pump after the value drops. |
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For sure an investor will have to keep holding if he really wants to get benefit from crypto coin investment and it Always takes long to recover the price till then only holding is a profitable way of cryptocurrencies investment. Holding actually gives safety and satisfaction about gaining profit. Panic selling is the worst thing you do in crypto currency.
Right, I never prefer exiting market at loss, no matter what! Holding coins even if their value is lower than for what you bought signifies that there is still the possibility of making profits. Once you sold your investment, you lost the chance of making any future profit. So my suggestion is to always hold coin if it is in loss because eventually every loss could be corrected to profit. Panic selling is the worst thing anyone could ever do as it's a self damage which they incur due to rumors, but when it comes to day traders it's more profitable for them during the market fluctuations than the stable period as they make profit out of both the pump and dump. Even I don't personally sell crypto when market is going down but rather I convert them to BTC or ETH for better chance of survival. |
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I agree to your thought but I think you forget the most important thing that you need to do which is stop being greedy. This is the reason why you wait for the lowest price to buy and the highest price to sell and always comparing your result to other trader's result means to much greed. Be contented even in a small mark up income and have a good strategies.
Yes greed does makes us lose the profit and I have a simple logical of minimum $100 profit for a trade worth anything above $1000 but there are users who needs huge chunk of profit often ends up exhausting the buying period. We need to be logical and have couple of plans if one doesn't work. |
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Bitcoin is not only for earn profit but also bitcoin can help each other by giving donation, now UNICEF foundation have adopt and receive bitcoin as their donation, all you as an investor or bitcoin or trader you can use bitcoin for your donation to UNICEF foundation to help many children do not have anything in his life, lets help each other by our bitcoin assets.
That's great new and it's one of the biggest recognition which bitcoin has received in years and I believe this will be a stepping stone for bitcoin to become mainstream, post acceptance of UNICEF there will be other charitable trusts which will start accepting bitcoin as this is a green signal for adoption of bitcoin in real time mainstream domain. |
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Your analysis is good but based on my experienced and analysis on ethereum it's still follow on the move of bitcoin in other words if bitcoin will go down right now ethereum will also follow this is the power of bitcoin, but yet its a good move for ethereum to hold the $180+ level. This reminds me of first quarter of 2018 wherein the downfall of bitcoin started early but ETH was at it's all time best value and survived there for approximately 3 months then ETH started to fall as well. I believe that the growth of all the altcoins are related to bitcoin's growth. I think it will take ages for altcoins to perform individually. |
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My choice goes to USDT, it remained so stable for a long time and yet the value fluctuates in a minimal behavior. When it comes with trading bitcoin, this currency was ultimately gaining huge market profit. Like in day trading, bitcoin goes up and down so you're going to dump if high price will be meet. USDT could maintain a strong position as it wasn't volatile like btc, so you had another chances to hold buy and back when price trend goes down again.
Indeed USDT is the most reliable crypto asset but just by holding on to it will not give us any profit as it can be used just to held fund. For example if I have gained a good amount of profit during uncertain market situation then I would immediately covert those funds to USDT as it does not fluctuates but we cannot expect profit through USDT but we can use it to avoid loss. |
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Last one year hard how to ask investor join with ICOs because they faced with the same situation always lost money in ICO investment, for us an advertiser with bounty campaign so sad because we can't get many coin from ICO, now we hope for ICOs owner want to work hard and make ICO success again where have price above than ICOs price.
Last year was disaster due to too many fake projects which ruined too many livelihood (bounty hunters) moreover too many scammed and spammers joining campaigns with their alt account and some of them trying to claim rewards without doing tasks it was total mess up. I wish this year we get legit projects. |
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