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FOMO I see. Anyway, It still your call, if you can take the risk then why not. However, as much as possible I wouldn't recommend taking a loan just to invest with Bitcoin. Though the market is now currently showing a good track don't be overconfident with it because we never know what are those big investors thinking, they might be buying right now but do you know exactly when they will take profit. But just like what I've said it is still your call if you think you will be able to take profit then it will be worth a shot but if don't get ready for consequences. That is why there is a rule that you should only invest the amount that you can afford to lose.
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Could have bought it in March this year for sub $4000.
Downside risk is much greater now than it was earlier this year.
Is it the mentally challenged that are getting fleeced right now.
This thread didn't age that well eh. In fact most of these posts don't age well. To definitively say its a great time to buy or sell is rediculous. All this volume and as soon as elon makes a tweet it goes up 15%. The same can happen on the downside. Nothing wrong with buying or selling at a particular price point depending on each person/situation it can both make sense. Indeed. There's nothing wrong with buying a certain price because no matter what happens the price will still increase over time. Even if you buy at a high price won't be a problem but bear in mind that if the market goes on the other side you will have no option but to hold it till the bull come again. But it is highly recommended or as much as possible buy at a low price if you find an opportunity then don't hesitate to grab it don't be greedy and wait for its price falls into the ground because no one really knows what will be the markets next move. |
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This is something similar to the brands that we are using in our daily life. If a famous celebrity endorses this particular product we are enticed to try that product too. These influencers should not abuse their popularity causing some people to ruin their life. Like Elon's influence, some people panic buy something even if it's too late. Being an influencer has a responsibility because your followers can be easily affected by what you do or say.
I don't think that an influencer is always responsible for what happens to their followers. The ones responsible are ourselves. Why if you feel wronged, you blame other people. Is not that choice in your hands. You are the one who decides everything, why should we look for scapegoats for our own behavior. Even choosing an influencer has an impact on you is you. Has he ever asked you to always believe his words? No, no! Accept the risk of every decision we make. We have to think about it carefully. Most people are just following the trend and they couldn't even notice that those influencers are starting to manipulate things because of their followers. We should have our own principles and decision especially when it comes to investing so we wouldn't have regrets in the future and we won't blame the influencers that we're following because of our actions. I would say having your own principle and decision is the best thing to do but not all the time it will be applicable in this kind of market where the price can be manipulated by big investors or influencers. Influencers like Elon can totally sway the minds of people and even create a trend. In a Crypto investment trend is all matters, you oppose the trend then you are likely to lose, follow the trend and there will be gains. That is why you should always follow the trend. |
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I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
I don't see any problem with it though because first of all, you make gains out of it $32k is a pretty fair price. Secondly, no one will expect that Bitcoin would grow this much since we have seen Bitcoin for a couple of weeks hovering around $30-$32k, and now after Elon's and the rest of the large investors showing their support on Crypto especially on Bitcoin it now suddenly pump. Both can be profitable in their own way but I would admit that in this kind of situation HODL is the best thing to do. |
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VERY CONFUSING. I have $500US that I want to convert to bitcoin. HOW?
To be honest, this is just a simple question, even searching in Google will lead you to the answer you seek. Usually, if you search this on the internet there will be some exchanges that will appear and in those platforms, there will be some guides that may help you with your problem. There are many ways to convert your money into bitcoin like P2P, bitcoin ATMs, and the easiest way is through exchanges. Now the problem is what exchanges you need to look at exactly because there are some exchanges that are not good to buy with, so my advice in choosing them is to look for the most popular because usually, they are the trusted ones, they have the largest volume and has good security. |
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They have big helpful to the community to the bitcoin if they purpose is to hold a bitcoin but if they reason is to manipulaye the market that is not good. Because the more they hold once they sell it they have huge impact to the market, it's better to have a lot of small investors instead of having a big company who invest a lot because they can do what ever they want to the market.
It is a kind of double-edged sword they can be helpful because they hold a vast amount of Bitcoin and with that note, the demand will get higher leading for Bitcoin's value to go up as well but bear in mind that that vast amount of holding can be dangerous for us because they easily manipulate the market in their favor. Thus, I agree that I prefer to have a lot of small investors so that the market could move without anyone controlling it. For now, we've been making gains from their holding but what if they decided to sell off? I think that would be devastating. |
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Do you think that bitcoin could have a market cap of around 200 trillion? Is it feasible?
I'd say it is possible because everything in this market is kinda hard to predict after all. The main factor that could bring Bitcoin in that amount of market cap is a massive adaptation. Currently, we large institutions are now venturing into Bitcoin and this brings a lot of positive impact in the market especially in making it firm and stronger. If these large institutional investors continue to enter the market the rest will follow starting from small retailers up to large companies, by that time expect that the market cap will increase and so for the Bitcoin's value. $200 trillion is feasible however it will take a lot of time and effort. |
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Bitcoin has been around for quite some time, since 2009 to be exact - but it is only over the past few years that it has garnered the attention it deserves. The media and critics are always quick to jump on any movement Bitcoin occurs, but can Bitcoin actually crash? Take a look at this article, its summed up quite nicely: https://4king.com/can-bitcoin-crash/ Definitely yes, Bitcoin can crash anytime and it is very normal in the crypto market. As a matter of fact, there have been numerous times it crashes like we had experience in 2018. It is possible as well that it may get a zero value but that is very unlikely to happen knowing that the crypto market and Bitcoin are now being recognized by institutional investors. But these crashes won't be the end of Bitcoin because it will always bounce back and will break a new record. These crash also can be your opportunity for you to procure Bitcoin to hold so I think there's nothing wrong if Bitcoin crash. Besides, I think crashes are sometimes healthy for the market. |
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Hi,
Still learning trading tips&trick and now I reached this chapter of trading with bots.
What's your experience? Did the bot perform better than you? What's your monthly profit (%) via bot compared to the one without it?
thanks
I'd be honest I have never been used a trading bot in my years of trading but heard a lot of opinions that they can be pretty useful like it makes your trade easier and faster, to put it simply it provides an efficient trading experience. However, it is still better if you will do it on your own because in that way you will be able to do all the things in the way you wanted. It is also possible in bot trading though by just adjusting the settings based on your strategies but the experience you gain on self-trading is still way better. There's nothing wrong with the use of bot trading, especially if you have limited time to manage because a bot will be more helpful in that kind of situation. |
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Fiat and cryptocurrency are the same but people in society differentiate them and value fiat because its adopted by the government far back, and since the existence of the world and also a specific country, so from my research I find out that government just disliked cryptocurrency for nothing,
So differentiating fiat from bitcoin is valueless because irrespective the importance and massive adoption of fiat currency from its existence before cryptocurrency, it's obvious that fiat is money and bitcoin is money, their functions and contribution in society never depart from each other, so bitcoin now is the shortest way of transactions across the world without much process or procedures, using bitcoin everything buyable is easier to purchase without stress, so from my perspective I prefer bitcoin than fiat currency due to fast transactions process across another country, and nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.
Well, I would say yes they might be something similar to each other in a way both Fiat and cryptocurrencies are used as a mode of payment but cryptocurrencies can be more than that like being an asset. Regarding why government dislikes crypto, I don't think the government will dislike crypto for nothing, there must be some reason why they hate it and that is because they had no control over it, unlike fiat where they can monitor and manipulate everything. Yes, they could impose regulation on crypto exchanges but they can not directly control cryptocurrencies. One thing that could also be a reason is that knowing the fact that the transaction is being made anonymously, crypto can be used in illegal activities. Anyway, fiat and crypto are both very useful in their own way so there's no reason of comparing the two. |
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If we compare market trend obviously it doesn't follow previous I mean 2017 bull run
Many investors are staying on hodling line as they say it could cross 150k$ 💵 which sounds unrealistic but honestly speaking it is possible as the increase in stablecoin demands like USDT is increasing day by day.
So, there is a possibility but not necessary.
Today's bull run was really far different compared to what we have on 2017's bull run as the market became stronger and firm due to entering the stage of institutional investors. Now that large institutions are now seeing the potential of crypto reaching $150k is now more clearer, however, I still don't think that it will happen on this current rally, perhaps in the halving, I guess. It is possible but we don't exactly when though. Bitcoin was still unpredictable after all. Some says 390k$ is an easy target for bitcoin to achieve.So,I believe on a long bull run. What are your thoughts?
For this one I disagree, $390k is possible, yes, but I don't think it is easy to achieve because, to be honest, it's pretty far, it may take a couple of decades for us to witness that enormous amount. |
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We've been in a bull run but investing in crypto isn't that easy,it can be damn stressful..most of us are usually obsessed I.e, checking our crypto wallets every half an hour if not minutes Few ways to remove your emotion from investment *Never invest into Bitcoin more than you can afford to lose *Don't borrow to buy btc *Vary from btc into alt coins *Buy and trade btc in a trusted and legit platform i.e, binance..  My only advice is that when you feel stressed, you don't need to look at your crypto wallets all the time because it not going anywhere, just take a break and cool your head off because a stressful mind will just make things worse. Regarding your list, I have nothing to say to them because that is what you really supposed to do in order to avoid unnecessary circumstances but I have a little bit of concern about the 3rd one. Yes diversifying your stash will add more security to your funds but bear in mind that you should be careful in choosing alts as they are more volatile compared to bitcoin, thus this will be more stressful to handle. |
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I always wonder why compared Bitcoin to Ethereum or Bitcoin to other crypto knowing that they all have a different use case. Just like what OP said Ethereum use case is a smart contract that allows to send and receive contracts while Bitcoin is a digital currency that allows monetary trade, they don't even have the same use case so why they are always comparing these two, it doesn't make any sense. Regarding the fees, I don't think ETH has a cheap fee network as everyone can even barely made transactions because they are all suffering from expensive from it. At least Bitcoin has a lightning network though but let's see what ETH 2.0 can offer on these fees problem.
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I don't know the exact reason why do you want to rank up so bad but I think it is already provided at the top of this section specifically those pinned threads. All the answers you seek are already provided there starting with the rules and regulation for this forum, gain merits for you able to rank up, and more. My advice is that the first thing you need to do is to learn, be knowledgeable and gain experience because they are the most significant factors for you to be able to participate in a particular discussion. Upon those discussions, if anyone likes your thoughts and finds them useful they might probably give you merit which will allow you to rank up. To put it simply, you need a foundation which is knowledge, then everything will go smoothly including achieving a high rank. Anyway, welcome to this forum and I hope this comment of mine would be helpful. |
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Well, it seems the price is going on the opposite side right now, yet the week is almost over so I think the prediction might be wrong. Unless there will be a big sell-off gonna happen which seems impossible. Bitcoin is now currently playing around $37k and still growing. There might be some correction gonna happen but I don't think this will be the major one. Besides, even if Bitcoin makes a dip it will be just for a while as we have strong backups which are the large institution is on our side. Truly that the market doesn't always work on our side even with the help of TA, anyway are still few days left, let's see what's gonna happen.
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My advice to friends (based on experience)
1.Buy as much as you can
I think the more appropriate for this one is to buy only what you can afford to lose because entering the market especially if you don't know what you were doing is a very risky thing to do. 2.Buy on the floor, but do not wait for correction or fall.
I don't what's wrong in correction or fall ( for me at least ) because you don't even know how low is Bitcoin gonna be so better if you saw any opportunity to buy then don't hesitate to do it. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose.
It is easier to say than to be done. Admit it that most of us, sometimes if the real thing came into our face you will never know what you are doing or what you are supposed to do but if you can manage your emotions then that would be better. If you have any suggestions, let us all know so we can use this experience. Thanks  The only thing I can suggest is that don't stop acquiring knowledge and experience because this will be your primary guide. Always have a plan or strategies upon trading and don't oppose the trend. So far those are the only things I can give. You will learn everything you need to learn as you keep exploring the whole crypto market. |
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Today, ethereum performs very well as the price can increase and break $1,600. But I wonder if ethereum price can still increase to break $1,700 because the price almost hit that price today, but unfortunately, it seems, the price is not too strong to break $1,700. Maybe we need to be patient and wait for another day to see that price. This result can still give us hope that ethereum can increase to the next higher price and break $2k.
Ethereum does really performs well right now, $1700 is not that far in fact we are in a couple of steps in there, a little bit more push and we will definitely break it. What I am imagining is that if ETH is going insane right now and what if ETH 2.0 is now fully running we could experience more growth with that. However, due to this pump, the fees are also being a pain in the ass and I can barely make any transaction. Pretty sure Eth could break $1700 really fast if they want to but I think the gas is the one that holds it because it is really expensive. |
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In the seventeenth century, the price of tulips skyrocketed in the Netherlands. Then it bursts like a bubble. Many investors lose billions of rupees. The price of Bitcoin is also the latest example of Tulip Mania. Many experts have said before that Bitcoin is a bubble that will soon burst and the price of Bitcoin will go down.
Not gonna lie I read a lot of opinions that Bitcoin was a bubble but look at it now they have probably been investing right now. Tulips cannot be compared to Bitcoin because tulips can grow more while Bitcoin has a finite supply and that is one of the reasons why bitcoin is not will not be a bubble. Every time bitcoin sets its new mark there will be opinions that it is a bubble and it will crash eventually but you know what don't be swayed by them, lets see who will regret not believing in Bitcoin at an early stage. |
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Hello everyone!  I am a starting player at the BTCitcoin trading world- haven't bought any yet. Just a young man looking for investing his money from high school, and I don't know where to start! How did you start trading in bitcoin? Well before I trade Bitcoin of course I did make sure that I have enough knowledge on it because it will be like suicide if I enter the market without anything know. Then I start reading some tips, what the do's and don't upon trading, and mostly here in this forum that is why you are on a good track and doing the right thing. I used to try trade on a demo account to gain experience before I enter the real battle. Do you have any tips for begginers?
Just the basic like don't be greedy, don't put all of your eggs in one basket, never leave your stash on the exchange, invest only the money you can afford to lose, and more. Try to gain experience on a demo account before going on the real thing. Be careful with your storing your coins. You can all learn all tips as you go on don't worry about it. |
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It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
It is indeed been stable for Bitcoin in the last couple of weeks that is why it's been hard for us to tell whether Bitcoin is really going up breaking another ATH or it will drop below $30k because of a back and forth movement. But now it somehow clear, there is a lot of good news coming lately and this could be a hint that Bitcoin will continue once again. There's a lot of goods speculations are going right now if this continues it will make the trend for Bitcoin to rise up again. I believed that the rally is not yet over. We were currently having a price of $37k right now, a couple more steps, and were are about to set a new ATH once again. |
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