It has been a hell of a drop in last 14 days... The question we are all wondering is where will be the bottom, and whether this has already been a bottom... I want to show you my top 3 scenarios, which I believe are most probable. https://pbs.twimg.com/media/DtE5bQ-WwAArGgx.jpg:largeAtm I still believe we are on scenario A. ... yes price went lower, but unless we break 3600, and drop down to 200 weekly moving avg, which is atm at around 3150, i still believe we are in A... This is the most accurate analysis of the market that I have seeing over time. What op said really was the market conditions and of a truth we are not going to have much better explanation than this one that has come to pass if we are not ready to dig deep into technical analysis. Yes, so far the chart created is true, but if we believe in the chart then we will at least know that bullish will not happen this year or it will probably happen at the end of the year if we look at the analysis. So it's very possible for us to approach $6k, maybe that will happen between May if the analysis doesn't slip later.
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Dont hold your coin on the crypto exchange, and hold there only if you want to trade. Too many issue of crypto exchange get hacked. In the beginning of this year, cryptopia exchange get hacked and we can not guarantee others exchange avoid the same issue. For long term hold , much better keep the coins on the private wallet that you have own control with the private key.
It's a good suggestion if you really want to hold a coin for the long term then save it on the desktop or offline wallet. use exchange only for trading. we often hear exchanges being scams. so don't let you become a victim dude.. Exchange is not really meant for storage, it is supposed to be where you will buy and trade coins. Hardware wallet or open source software wallet is still preferable than exchange wallet. There are tons of exchanges coming you cannot trust it to have the control of your funds. Anyway, to hold coins for the long term it would be more recommended to save in a place where you can have a private key anywhere, even reputable exchanges will not guarantee hacking problems. So it's not recommended an exchange for you to hold coins for the long term, because the real exchange is only a container for you to trade.
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I do not dare to give my opinion because it could be that the opinion I gave was not realized in the future because in the cryptocurrency, the conditions that come can change the crypto state in the future and we cannot predict the change.
I don't think you need to hesitate to give an opinion, because after all someone's opinion might be a reference for some people. I personally only see this situation the same as when the OP make this thread and is only different now in a lower version, if later this will become a crash then it is certain that most investors lose their investment and it will likely be another destruction for some people. As you say, every condition with good and bad news will change the market immediately.
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I failed to make money much time by losing patience. So you need to be very careful with the situation of the market and according to it, otherwise, you will be in great loos. In every business, we need to be very patient until our desired target is reached or not.
Prices sometimes require a long time to recover because waiting for a number of reasons such as news and positive issues. if you can't be patient of course what you get is a loss. patience must be in every individual investor. After all, patience is very important in all aspects, because patience is the key to success too. But, how capable we are to be patient, everyone has a different level of patience so that investors will not be patient forever if he feels too bored seeing the bearish market situation continues.
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Not so sure if bitcoin can reduce unemployment, what work can be done in bitcoin? does it become a programmer, IT, open services, traders, miners, become a developer of a project? If so, then the work can only be done by experts in my opinion and ordinary people cannot try the job only to become a blunder for themselves if they cannot do it well. Maybe the right thing is that bitcoin can only be used for an extra income that looks good with a note, at least you have to be able to manage it well like mining and trading.
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I don't have much experience in trading, but as far as I feel, gambling and trading are very different. If in gambling we cannot take our money back at the table and it will only disappear, but in trading we can still take our money when we feel panic and better sell it while still allowing us to cut losses that might happen bearish. Again, gambling is a pure luck factor, but in trading it is a good strategy and analysis that will make you profit. Imho
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Have you been able to resist the addiction and not let gambling consume you?
Have you been able to control the urge to place that bet, spin that wheel or roll that dice? For you to be able to go a length of time away from the adrenaline.
Would be interested to hear how people can control this.
Yes of course I can resist addiction, regardless of what gambling I do but I have learned from experience. Honestly, I gamble only to make a profit and I don't gamble with money I can't lose. In the past, I kept thinking about how to take back the loss until I couldn't control it well, but for now I'm much calmer and I can resist to be addicted even though I'm in a losing position. I just believe, luck will be mine one day. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Anyone can make some money from gambling if he is patient enough or know what he is doing at least in some skill games.
Patient enough?? I'm patient when I'm gambling but there are times that I don't win. I also know what I'm doing when I'm gambling yet I lose money sometimes. For me, gambling is a game of luck and a bit of strategy maybe or its a game of LUCK. Even you are patient or you know what are you doing if you are not lucky at that time, its useless. If only by being patient you can win bets, then that is something very extraordinary. Yes gambling is about luck, no matter how good your strategy is in betting and how well you control your patience, but when you are unlucky on that day, the effort you do with patience and a good strategy will only be useless and will still lose.
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Hopefully I don't mistakenly give [5] for coinbet24.comAfter a long pause for betting and returning to active betting again a few weeks ago and I used Coinbet24 for sports betting and I never experienced any problems from depositing and withdrawing, even though for deposits using altcoins they used shapeshift.io but everything work smoothly . Then, I really like the betting options that seem to be very complete that they provide.
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I think from the beginning to the present day Bitcoin, which has gone through many difficult periods, will not be defeated in 2019. My expectation about this year is that the price of Bitcoin reaches the lowest price, then start to rise more strongly.
If so, then bitcoin will be defeated because it is impossible for the market to recover quickly or in a short time, it takes a process to recover and if this year the bitcoin reaches the lowest value, then maybe it will be stuck for some time which we might not see an increase the high will happen this year.
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I meet someone who mentoring me here, and i just start trading, small amount first, and increase over without forgetting risk the management. If you are asking what is actually my capital, its only patience my friend, never stop learn because you can find knowledge everywhere. keep your eyes open and your ears wide open to listen. experience is your best teacher.
Yes, experience is the best teacher for yourself, but if we don't know anything to start then it's a blunder. A good start to start is by learning from friends who have experience if you are hesitant to find input in many places such as social media. Anyway, with us learning it from friends, then at least you will continue to be guided until you stay awake not to panic, after that you can expand your knowledge by looking for it yourself in many sources.
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Creepy and it happened. ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) In the beginning I also didn't want to involve personal identities, but with KYC applied to every big exchange and because I also have an interest in an exchange, then I was forced to send KYC which continued to become like I don't care because the current standard is verify KYC. This problem has indeed been feared from the beginning, but we cannot do anything because we also need an exchange for crypto trading and also convert it to fiat.
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ETH and BTC are the best coins in the class, so there is nothing to consider between the two, imho. If you really can't afford to save both, then if I were you, I would choose bitcoin, because bitcoin is the main one for me to hold. If we have hold Bitcoin properly, then we can then choose several altcoins that are worthy of long term holding such as ether.
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We are aware that the coin market is full of uncertainties but this is going to be a crucial year for Bitcoin, considering the upcoming decision on ETF. We are not even certain that prices have settled to rock bottom yet and folks been asking my views. To me, we really can't know for certain until regulators such as SEC make their stance known by this month. We're sure that a negative decision could have Bitcopin trade as low as below $3000, but that's really good news because it's going to be the very worst we experience thais year. https://cryptoinfowatch.com/bitcoin-news-today-the-obstacles-to-mainstream-adoption/A positive decision of the SEC regarding the Bitcoin ETF can really come to life on the cryptocurrency market and investor activity, but if this decision is negative, I don’t think that after this the price of Bitcoin may fall below $ 3000 and that it will be good for us. We need to wait, what the SEC decision will actually be, and how events will unfold. But with a negative decision that might happen it seems very possible for the bitcoin price to fall lower than $3k, because so far if there is negative news greatly affects the crypto market to fall hard. Yes, anything can happen and we only hope the SEC decision is a positive decision that will make investors regain their confidence to invest in bitcoin.
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$10k is a lot of money and I'm not sure the OP is really doing it, he seems frustrated and wants to switch to getting bitcoin from a bounty program that basically generates from a bounty program not as good as imagined. If the OP has sold it at $6k, then at least the remaining money can be made to invest again in several altcoins and it is better than you leave trading and switch to becoming a bounty hunter.
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Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.
If you have a business that accepts bitcoin, then I would better recommend immediately converting it when bitcoin is received and you have done it right, imho. I have experience about this, because after all in a business requires a quick turnaround of money, to return to capital and bitcoin received for a business I don't think it's appropriate to hold for the long term. So, if you want to start investing, it would be better to separate between the two, you have long been paying attention to the crypto market, so in my opinion you already understand about the bubbles in bitcoin. Listening to other people's suggestions is good, but you can be said to be an old player and at least you have the courage to make a decision to invest in bitcoin and we cannot force it because the decision is on your own by seeing the potential in bitcoin.
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High fee rates and plus tax start to make people discomforted and nobody say that this is going to change in near future. These also cause a decrease on demand for bitcoin.
But by legalizing bitcoin there by applying taxes, I am even more confident that demand will increase because investors may view it more safely and their investments seem to be protected by the local government. Maybe that is the effect that will be caused, but every expediency must have pros and cons, we will just see the growth.
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Buying items and paying for services using crypto is available, maybe their website address has not been raised. So far I have done it repeatedly paying electricity bills using crypto and I also bought souvenirs using crypto even though there are some of their marketplaces that have closed. If you find a marketplace that accepts crypto, then just make sure there are many users there, so far I've never been fooled by services like that, because I'm only looking for marketplaces from my country, but I also often see lots of people sharing links a marketplace that accepts crypto payments but it is outside my country and I am not interested even though they are recommended.
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Reinvesting without withdrawal to fiat is the way that is usually done when they feel the market will crash or when a crash happen, usually they sell and buy switch to other coins from the sale. This method in my opinion is quite risky because we will not know how potential the coin is, and for gambling I'm sure not everyone will be willing to take greater risks when they are in a mess.
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Last year market performance for me is really bad in which its just like i was back to nothing. During year 2017 market, my whole financial needs are all depending on my Bitcoin earnings which is i earned more than enough but last year was really difficult for me as i almost earned nothing from my investments making me to work hard again with my regular job.
last year be the worst time for all of us.our assets value decrease alot and till now on its not recovered yet and maybe we will wait it again.no other solution that we have to find new job to earn money monthly. Anyway, this year is the year for holders to have another opportunity to earn for their investment because we know a number of developments are being carried out by experts. But with the bear market so far we can still see prices going up and down even though it's still on a low scale, but if you are able to take advantage of the situation well, trading will be an option to profit on the bear market, at least 3% - 5% profit I think that's enough.
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