In my opinion, the altcoin selection indicator also depends on our investment objectives, whether long term or short trading.
It will always be more complicated if we choose short trading, but in some coins, perhaps the most widely used chart as an indicator.
Yeah your right. but I think to choose a potential altcoin you have to use all the terms and criteria to choose good altcoin even if you use it for short or long term investments. some criteria to look like volume / marketcap on the coin, their ANN Thread, how active dev in the forum, and so on. You must have many criteria to find potential latcoin |
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This fact has surprised me too, I knew it was bigger, than some national FIAT currency, but did not think, the 6th already. Hope to see Bitcoin overtake USD as well, in the next couple of years.
I personally do not think that there is any relation of fiat with crytpo currency. To me i think that we can only compare bitcoin to crypto currencies, and still in crypto world bitcoin is in number one and will remain as number one for a long long time. because still investors are interested in bitcoin and still they want to continue investing money in bitcoin. Nope for market capitalization problems we can compare bitcoin with other currencies, and we can see that bitcoin is ranked 6th for biggest marketcap, I think this is not a matter about correlation of bitcoin with fiat, since bitcoin is also used by some users for currency, and bitcoin also has a market, volume, rate, etc just like fiat currencies in general |
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people are panicking over the drop that has been experienced over the last few hours why don't you look at it as the best time to invest more
if you are panicking too much you need to evaluate your risk management skills or you will be feeding the sharks
its the crypto world you can expect anything
If you plan on holding then I think this is the right time to buy because the current price is still low, and buying now will be profitable when bitcoin prices become increasing. Yeah you're right. we almost touch the bottom line at the price $6k. even for short-term or long-term investments this is the right time to buy. because many people speculate that when the end of June then enter the mid-year prices will start to creep up. do not waste this opportunity dude |
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I believe there are lots of things that affects the price of Bitcoin and the devs too can play a role in controlling the price of Bitcoin and other cryptocurrencies. Just check out Bitcoin and compare it to other cryptocurrencies, you will get to see that it is more volatile then every other cryptocurrencies we have in the market. ETH is less volatile and doesn’t fluctuate much like Bitcoin does. So believe it or not, the devs also plays a role in this.
Yeah there are actually many things that affect the market and the price of a coin is not just demand and supply only. but there are many others. You're right maybe developers also have an important role in maintaining the market and so forth. there are many factors that affect the value. that's why price manipulation is hard to do in crypto and bitcoin |
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Many people using technical analysis for trading daily. I think that must be useful, technical analytic is another method, an effective method, it is based on the form of the market which was happened before to make more specific predict. Of course prediction can fail sometime but at least, we have something to rely on. I would like to learn some
In reality, only a few traders use this technical analysis. They are still sure that their intuition and luck work much better, and this is their biggest mistake. Naturally, TA is always needed for a successful trading. Nope I don't think so. I think expert traders do not just use intuition let alone luck only. they use many indicators in themselves in order to gain greater possibilities for profit. so do not underestimate technical analysis dude. it is also very influential for trading results |
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With the achievement of bitcoin in the crypto market, I personally do not agree that btc is a pump and dump scheme and I think that would also depend on the person's views about btc. For some trader and investors approach, considering they just wanted to earn profit quickly, they would sell their btc after the pump and everytime there will be another bear market, they tend to buy again.
Yeah I think so. but who knows if many whales might do so on purpose? with perhaps millions of dollars in capital they have. maybe they can make manipulation in a market and make pump and dump scheme? basically pump and dump because of demand and supply. |
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I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.
but when the bitcoin correction, there is still altcoin that has increased and rises significantly.
what factors make altcoin rise when bitcoin falls?
share your knowledge with me!
i think that is not true. Bitcoin now has falling in the market, not only bitcoin but many altcoins too. usually after the falling market, they will be bounced back to correct the falling price later. Yeah that's what happens in the market today. almost all cryptocurrencies have fallen in price. bitcoin is very influential on the crypto market. if the bitcoin price falls. of course all altcoin will experience the same thing as now. but sometimes it happens when bitcoin prices decrease. and the price of an altcoin rises. but that is rare |
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Some people think it won't crash, other has been saying "tomorrow" for the past years.
But looking at the gains the last few months its hard to see this continuing for years to come. Can there be a long (3-6 months) bear market now to correct or is crypto too hot and will increase crazy up til implosion?
I'm thinking maybe 6-12 months of crypto craze left. Then crash (90% of coins loose 90% of value) and a few years of bear market before successful crypto projects starts making money. Pretty much .com again.
What do you think?
Market altcoin will never crash, there are a lot of people who are interested on ethereum coins and all the token price that are newly created are all based on ethereum price so there is no reason for the market to crash. Altcoin and crypto markets have been crash dude? you know the price of most crypto has fallen by more than 60% in the past few months. although many people are interested in crypto but that does not mean the crypto market will never crash. dump and pump will always be present in crypto. and only the patient people who can make profit from this market condition |
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In life of course we must be good at making the right decisions, do not even think for a moment, cryptocurrency is an uncertain thing so I think out of work is a very risky thing, doing both is the thing we can do.
Yeah you're right. earnings in crypto probably will not provide a fixed income at any time due to many factors such as fluctuations. leaving regular jobs is something that is at high risk. but if your passion does exist in crypto. it may not be a problem but you should find a job worthy of you in crypto. because you need a definite income to be able to live right? |
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I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Probably not all because each country has its own stand about Bitcoin. And we cannot change their perception in Bitcoin. Also, if they adopt this technology there will be a lot of changes. Sometimes some countries are too traditional which restrict change. Well of course, there are leaders who would want improvement and willing to take the risk I think that possibility exists if bitcoin develops bring all humans using bitcoin? of course the government will change their mind and start legalizing bitcoin. for now some governments are adamant to ban bitcoin because of its threat to local currency. but we do not know what will happen in the future right? |
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hmm this is a bad topic. hopefully no one is affected with this because we have to be optimistic the price will go up not to down. I think bitcoin will not go to $ 5000 next week it's very difficult because bitcoin still has the strongest support at $ 6,500 and $ 6000
it is really disappointing to see bitcoin prices continue to decline without any significant recover or price increase. bitcoin prices have fallen by more than 10% in recent days. so it's natural if some users panic and speculate like this thread. but I don't think that the price will decrease to $5k. because the bottom line some time ago only in price $6k |
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we expect the state price or bitcoin at times high and low bitcoin handling process, because many investors will be happy if the bitcoin is valuable to buy it from low value to invest it.
Actually the expectations of users vary. the total bitcoin users are very big indeed their market goals are also different, some users may want price increases because they already store and hold a lot of coins. but some others would also expect the price to weaken so they can buy at a cheap price |
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There are a lot of people that prefer to do scalping, just like me.
It is profitable, at least for me, and it works well and it is giving me good profits, over one percent a day
Yeah not all users do long-term investment. some users may prefer to trade short-term or scalping. but this requires good analysis and skills right?. because you will sell and buy more often in that day. chance will keep coming you must be smart use it. and many people benefit from this scalping |
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Let us expect the fall and not expect too much so that we are ready for this situation. Bitcoin price falling is normal, it always recovered after dipping. Nobody can say what will happen, just a prediction sometimes happened sometimes not. Lets just wait and believe in the capability of bitcoin.
Actually all users understand about this price reduction and they also know about it. but their psychic may be disturbed. the most difficult situation is when the price of a coin lies long time in a low position and there is no clarity whatsoever about the recover. that's what will make people think negatively |
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A decentralized system is a very good thing, I think so. It is a more modern approach to the development of any sphere of our existence. When there are several control centers, it is much better because Monopoly is the last century.
Yeah you're right I think this system is more friendly than centralization full of government monopoly. besides this system makes a lot of people more free in storing and using their money. of course this is what many people expect about financial freedom. I think most people would like decentralization |
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To play fast in trading just be familiarize to the flow of the transactions of the business to know what are going to do and aside from that you must know the basic strategy when to buy and sell to avoid regrets and loses of income or what. Just be wise to find out.
Yeah surely you should to have great skill and knowledge first because it will make you familiar of the price turn and flow of a coin. if you want to trade fast then use the opportunity that comes as best you can. when the price is higher than the price you buy. you can directly sell it and make a profit. do not wait too long |
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Not sure about getting rich but surely we can get alot of profit by investing into the crypto market and bitcoins....if you are experienced enough and can hold the coin with patience it will surely give you profit in a long term
To get rich or not everybody has that chance because bitcoin and crypto give you a big chance of profit and it all depends on you if you want to work hard to earn a lot of coins or you invest and you have patience in it. maybe it can make you rich. it all depends on your efforts dude |
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Only when transaction fees fall, will more people be able to use bitcoins for transactions. I think this is very helpful for community development.
And I think the fees are lesser now than in the past year since a lot of people are pissed by how the transaction fees are so expensive, also the transaction speed are now developed with the Lightning Network. There are a lot of platforms that accepted Bitcoin as a payment but while the price are having a dump, we do not know what will happen in the future. The most irritating thing to users is the expensive transaction fees and the slow process of confirmation. I am very happy if the transaction fee can be cheaper and the confirmation process can be faster. of course with this will be more people who will use bitcoin for their payment method when shopping |
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The economy in my country is not good at the moment, very high foreign debt and the sheer number of political activities make business and economy such as death, it is seen from the increasing unemployment rate that the poverty index is increasing.
When more and more unemployment I think that your country economy will drop sharply because the economy of society will be chaotic due to the huge unemployment. the role of government is very important for that. fortunately my country to get a job is not a difficult thing because business is mushrooming here and the field of job is very much |
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I think everyday people are becoming more comfortable using BTC. I have been holding BTC for awhile, but not really spending it. Once I finally spent some on some purchases, I really found out how easy and convenient it is.
We are at a time where we have become so desensitized to just volunteering personal information all over the internet, and it is super refreshing to be able to just send btc to an address, instead of basically signing your privacy away each time you make a purchase...
Actually using bitcoin for financial transactions quite comfortable you can make transactions wherever and you want. and to spend you just need to use your gadget with one click. very easy and comfortable. but what makes a little trouble is in terms of transaction fees. yeah many people complain about this transaction fee |
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