I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency. in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell. if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one. Goodluck to you friend.
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Whats is happening to the market right now?
ETH is dropping as hell. 10% yesterday.
BTC still on the same!
Does anyone knows WHY?
Ethereum has not performed very well in this 2017 and you should know that the scamming icos that are using Ethereum contact to raise fund has scared investors away . Many people are getting discouraged in investing into cryptocurrencies now because of fear of losing or lost their fund to scammers. ETH price is hovering around $200 for last many days similar to BTC price near $6500. It is still near its bottom price zone.
We just need to understand this state of the market you have say and we should know that Ethereum is very close to the bottom and very soon the bottom will be hit and bullish trend will resume.
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for now the market price is very difficult for me to predict, because it is difficult for me to be able to analyze prices, and lately it is difficult for me to get a profit, exactly what I get is defeat, what is your solution to be able to deal with the market price situation which is very difficult for me to predict, can a trader who is proficient in trading can share his experience in trading for me?
You should try to development your knowledge on how to trade professionally first before putting your hard earned money into trade. If you are a wise trader you will understand that cryptocurrencies market is a way of transferring wealth from the impatient to the patient one and you should find out the group you belong to. Remember that now is the right time to buy bitcoin and other cryptocurrencies because in years to come if you are patient enough, you will makes profits.
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Thank you so much sir for considering me. May the good lord keep blessing you!
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Investing into icos is a very risky venture and before you go into it you should seek for financial adviser that should guide you in other not to invest into a scam projects. Actually most of the projects we have now are scams and investing into them is actually empowering the scammers to keep bringing out scams projects.
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Btctalk name: arpon11 Rank: sr. Member Current post count: 1495 bustadice Name: arpon Wear appropriate signature: yes thank you for your usual consideration sir.
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I think ethereum and altcoins can stand on there own and remain relevant in the market without bitcoin! Though most of the depend on bitcoin but that do not mean there cannot stand on there own. Remember that there time that ethereum do get pump on it own without the help of bitcoin.
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If you see an opportunity that is too good to be truth you should be careful because that is a scam opportunity. Many people invest into a projects because of the ways there rate the opportunity in it by buying after reading white paper and if you invest you will find out that there are scam.
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I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
The number of altcoins in the circulation did not translate to over all increasing in the market capitalization of the cryptocurrencies. In think we don't need most of the altcoins and tokens in the market as some of them are the same and solve the same problems.
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The happenings in icos market is not encouraging at all as most of the investors are loosing their investments capitals because of fake and scam projects. We really need law and regulations in this market to stop scammers from stealing investors hard earned money.
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Day trading is very good if you know now to go about it and makes some money from the market. I could still remember when I was day trading in stock and forex and one thing I could remember is that it is very risky and the rewards is also very rewarding.
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Decentraliziation bring confident into the market and if the world want to reduce cost of production and transactions it has to used blockchain technology. Blockchain technology discovered is one of the Best thing that has happened to humanity and we need to fully utilize it.
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If a truth trading is a very risky venture and you cannot make money if you think you will not lose and all your trading are going to be positive is not going to work out very well. Therefore you should not invest into cryptocurrencies if you cannot control yourself emotional.
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More than 90% of ICOs (still a wide margin) lack pure utility aside from trading values. Among freelancers, people may trade one crypto for another, but in a brick and mortar business scenario, crypto has little to no impact. For example if I walk into a store I could get the credit card and a few other payment options. Still, with the over abundance of crypto technologies and their native tokens, only a handful of stores have barcodes for bitcoin and a few other payment coin types.
I think we need more radical real world businesses tokenizing their products and using this 'tokenization' as a means to garner support for mainstream crypto adoption. Like rewarding people loyalties for using their products.
Does anyone else here share the same concerns, or do you know a coin that is owned by real businesses for such purposes?
Business is not using bitcoin now as a mode of payment and that is because bitcoin price is not stable and we need stability in other to be able to make money from the cryptocurrencies industry. If bitcoin price can be stable and governments were able to establish laws that can help in cryptocurrencies development
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The bitcoin price has been stable through out September 2018 and like you said is like a build up for bullish trend and we should not hesitate to invest now and makes money in future. Cryptocurrencies market is going to recover but it might not be like it was in 2017.
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Buying bitcoin now is the best investment decisions every wise investors should make and in two or three weeks to come makes good profits. Cryptocurrencies market is always full of activities every forth quarter of the year and that means now is the best time to buy.
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Most of altcoins are down with this market. So many experts and news say BITCOIN will go up in this year end. I think if Bitcoin goes up, other alternative coins are going up. So is my point true, What are the best coins to buy with this low prices.. Or Isn't this the time for buy coins?
Many coins out there are going to do well if bitcoin recovered in some years to come. Most of the coins are waiting for bitcoin to recover before we can see them also recover. Ethereum, litecoin, lisk, stratis, neo, wave, fuel and many of the coins that I cannot remember are going to give you profits if you can buy them now that the price is down.
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The quiet before the storm is here. I’m not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. What’s your prediction?
Disclaimer: I’m Hodling
The side way price movement has last for long and we expect that the bullish trend will soon resume. I think thing are in bullish directions except something very bad happened to the market before we can talk of bearish trend.
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We can not really say but the reality is that it might still happen. The bull run we witnessed in December last year may not happen this year but I strongly believe that in the first quarter of next year we may witness bull run. However, I see the current price as an opportunity to buy and not selling.
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When that is going to happen is what I did not know and how it is going to happen will take a strong fundamentals issues. The market has been in the ranging trend for quite some time now and a strong break out will give us a new direction.
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