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No matter how was the experience in last year, don't look back in the past but forward in the future.
2019 wasn't too exciting for Bitcoin and the price didn't reach the hights many wished but still ovearall it wasn't so bad.
New year brings new chalenges like halving, further attempts for Bitcoin regulations and adoption so let's wait and see what will that bring to us.
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2020 is 2 days away trade and invest wisely. 2018 was hell to many investors don't be part of the sad story next year.
Pretty dumb advise. What does 2020 have to do with 2018? Was halving in 2018, or was 2 years before? 2020 will be just like 2016. Like when last halving happened. Pretty boring year with tiny slow growth. probably few pumps and dumps on the way. For sure in summer around halving and others when Chinese president will speak. But overall at end of year we will mostly see Bitcoin at like 50-100% higher price as it is right now. Great year for any asset. A boring year for Bitcoin. I completely agree that 2018 has nothing to do with 2020 and vice versa but people like to draw connections and find patterns and similarities even there where they don't exist. But Bitcoin is not functioning that way and we don't need to make comparisons all the time with evenrs that happend in the past, that leads nowhere except to false predictions and expectations. |
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People often misuse social media and channels like YouTube for their shady business and scams.
So if YouTube removed any of such videos it was because of protection of users and to protect themselves not to have to deal with different complaints and possible scams. As far as I know many websites do the same. That is not aimed against cryptocurrencies but at protection of users so there is nothing wrong in that. Maybe they also removed some legit content by mistake but I'm sure they'll make it right.
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actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too
That is true, your own experiences will teach you best how to trade. Also, I would say that we never stop learning how to trade because there is always something new and we always buildi our knowledge. Getting information, making analysis, studying the market that is continuous process that in trading repeats all the time and always helps you to be better trader. |
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The problem is with governments not having a solution for their tax issue. They have not figured out how to collect taxes from the profit which people earn through crypto, if they figure that out then I dont think there will be any problem for them.
I don't think that taxation is the biggest problem for governments. Much bigger issue is regulation. Governments are aware they have to accept cryptocurrencies somehow and introduce them into economy and financial system but the question is how. They need to take care of economic and financial stability and on the other hand they can't stop progress. So, how to find the balance, that is the question. |
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To be honest I don't like such comparisons too much. To my opinion Bitcoin users are too much obsessed with finding patterns and comparisons of Bitcoin price in different time frameworks, always expecting the best intevals to repeat. Sometimes that makes unnecessary pressure.
Analysis could be good and useful however I'm more focused on present and how to get the best out of Bitcoin now.
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If you ask me, there is nothing to vote for. Bitcoin will keep the dominance and currently there isn't any other coin on the horizon that could take its place.
This situation will not change any time soon so Bitcoin remains the best and most profitable coin to invest. So far I don't see any signs in the market that would make me change my mind.
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Actually I do. I beleive that cryptocurrencies are made to be used in real life for real things and not just like an investment asset. Usage in real life is their true value and competition to fiat currencies.
That is why I'm trying to find the balance between holding and spending Bitcoin. For me just to keep Bitcoin in some wallet isn't the best option.
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How many Bitcoins to buy depends on available funds you can invest and your appetite for risk.
First rule you need to follow is not to invest more than you can afford to risk. Don't think that Bitcoin will bring you only profit, there is potential loss possibility too so always have a back up plan and it's better to start will smaller amount.
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Many economy and financial experts agree that new financial crisis is coming. To be honest, that is expected because crisis appear almost regulary iniand cycles and it many cases it could be predicted or at least recgonize the actions and situations in the global economy system that lead to crisis.
However, it's hard to determine exact moment when crisis or recession.will start.
Anyway, it's always good to be prepared and cryptocurrencies are one the ways that can help to make crisis easier to handle.
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The said Bitcoin week wasn't the same as what happened last 2017. I just hope that things would go better for the market again. People are mostly selling than buying these past few weeks and I guess that's because we're in need of something to spend on the holidays. The only thing that would have a huge impact on the market situation is the upcoming events in crypto like halving.
Well, what to say. Expectations were too big and once again many hoped that 2017 scenario will repeat. No matter the spending Bitcoin for holidays I don't think that influenced the price much. Also, there is no use in waiting for 2017 to repeat and Bitcoin to reach some huge price again. Every Bitcoin user must have a plan how to best use current moment, don't wait for something in the future that might never come. |
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I guess that answer to that question depends on the angle you look at it.
If we take the fact that only small and limited number of people in the world is using Bitcoin then it's hard to say that is people's currency, more it belongs to certain elite, digital technology elite let's say so.
However, I stongly believe that Bitcoin was ment to be a mass currency, available without limits to anyone everywhere in the world. The question is if and we are going to achieve that.
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Since Bitcoin isn't incorporated into world economy and financial system global economic crisis or crash wouldn't influence it directly. Also, Bitcoin market and fiats markets are functioning differently and there is no direct connection between them. However, people might turn to Bitcoin as an alternative and as a consequence that might drive the price go up but that is only possibility that doesn't need to happen.
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I don't think that because of halving Bitcoin price will fall. However, I don't expect that will significantly rise either. The effect of halving will be short term and probably there will be some price rise but small and on the short breath. Im.short I don't have big expectations from halving neither in positive or in negative way.
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Well, some people think that trading is equal as gambling so they trade without plan or strategy relying on pure luck.
Of course that is completely wrong approach and can only lead to losses that you could have avoided
Before you start to trade it's necessary to define your goals and plan and strategy how to achieve that. We all know that plans sometimes don't go as we wish so recovery strategy is needed too.
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The financial crisis is an almost continuous phenomenon. He loosens his grip, then strengthens it. Although it is worth recognizing that it used to be more local in nature, and in recent years we have seen trade wars between the leading countries of the world. This is bad for the global economy as a whole. I think cryptocurrency will help some people diversify their assets and ease the impact of the financial crisis on their family.
Yes, financial crisis is continuous phenomenon and it happens in certain time intervals. So, actually it can't be avoided but it can be predicted. Also, some said that financial crisis is usualy caused deliberately, usualy by banks and other financial elites. Some economist say that 2020 is the next crisis year and that people should be prepared. Some will turn to cryptocurrencies as a solution and that might riae their value. Even if the next year crisis don't start people should be prepared and always have some kind of back up, Bitcoin could be one of the solutions. |
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Halving's a big deal. However, after halving, the price of Bitcoin will increase a lot. We are looking for logical dynamics for the price of Bitcoin. But not. For many logical reasons, we interpret the bitcoin price graph. What if I say the price of bitcoin will increase by $ 3,000 a day? Hanig makes sense of this. I answer no one.
I have to say I don't agree. Many are expecting a big deal from halving but I'm not among them. Yes, halving might increase Bitcoin price but that will probably be only on.a short tern and I don't expect to see some huge price, rather some moderate increase. So, to my opinion expectations are bigger than the real effect is going to be. |
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If there was a formula to calculate Bitcoin price I guess everyone would be rich by now. But Bitcoin price doesn't behave according to formulas or patterns. It's defined by demand and supply, that is the main component that influence the price along with sone other side influences that can't be always determined and predicted.
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It's hard to tell if and when Bitcoin will reach 20000$ again. To my opinion that is not the point. It's better to focus on current situation in the market and how to get the most profit out of current Bitcoin price movements or those in near future. Dreaming of huge price that will make you reach over night will not take you anywhere.
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I couldn't agree with that at all. Many people don't have enough patience to hold Bitcoin on long term and many think that is not profitable enough. But that is not true and long term investment has still the lowest risk and you can make very nice profit if you have developed your strategy and you are active investor.
Bitcoin price movements will speak for itself and the theory that long term investors are idiots.
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