I am thinking .. to put all my money in bitcoin what do you think? is it a good way to grow my money? or it is risky or.. ?
i've been moving my funds form one coin to another for the past few weeks trying to make money on the ratio changes. Right now i have all my money in bitcoin because i think if the crypto market is gonna recover, bitcoin will have to experience its bull run first. In every major crypto bull run, that i can recall, bitcoin has lead the way in initiating the initial rise which then leads other coins to rise as well over the course of the upcoming months. |
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Hi! ☺️ I just want to ask when to buy or sell bitcoin? I don't want to lose money.. I mean we can't avoid to lose if we're just beginner but atleast we can find ways to prevent it right?
If someone could answer your questions then theyd be millionaires by now. Nobody has a magic ball that predicts the absolute lowest price to buy at, its just something that investors have to predict. its very unlikely that youll ever predict that bottom so if you end up buying and the price drops more you should panic. In my opinion, i think right now is a good time to buy considering the prices are very low and we've been in this bear market for a very long time. |
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I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.
Ethereum isn't the only coin going down, the entire crypto market is going down. All the altcoins tend to go down more than bitcoin because people begin to sell off from altcoin to bitcoin. This causes the ratio to drop which makes it so that altcoins drop a couple of percent more than bitcoin. Im not sure why people do this but its something to keep in mind during the next bear market. |
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I completely agree with this and i think this is one of the main reasons why the prices keep going down further. People think they can predict the future (or theyr just panicking) and they begin to sell off hoping to buy at a lower price. If everyone were to just hold then we wouldnt have this problem but we all know that markets are irrational and they are easily manipulated by fear.
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A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.
Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.
Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.
I agree with you in that new traders should really think about doing their research before they begin putting serious money into crypto. But with that being said, i think a lot of the information about trading that people can attain is through taking the initiative and actually investing. first time traders will make a lot of mistakes but the key is to remain patient. If they can do that then they'll realize that its not the end of the world when prices are tanking and they wont panic sell. |
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What is your take on BTC as of right now? Are you buying, selling or waiting?
If you are waiting, which price are you waiting for?
I am waiting for BTC to break 9,5k or to go through 7,5k. If it goes through 7,5k I'll wait to see where it ends. Above 9,5k I am in.
Right now im just holding because i feel like if i sell the prices will start to rise and then i'll miss out and have to buy back at a higher price. Id rather ride out the lower prices than miss out and have the prices skyrocket leaving me at a loss and with no coins. I think prices will recover soon enough so right now im not worried. |
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Hello any suggestion for trade every day and make good profit ? like 50$ day.
i think the best pair are BTC USDT ? is possible to trade only this or need difference the crypto ?
If you wanna make $50 a day trading youll wont need too much, i would say around $3k. With that being said the possibility of loosing money day trading is very big considering there is a lot of volatility with crypto trading. I've had a lot more success with doing longer term trades because the patterns and trends are much more predictable in that case. |
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I have been investing in cryptocurrency for 5 months . I am buying some icos and holding coins. I started with 5000 usd. And sometimes my balance went up to 30k and down to 12k . I feel very uncomfortable when my balance is dropped.
So i want to know is there any strategy to protect your balance before the dump?
Anyone can help please.
Thank you so much.
Theres honestly no way of knowing when a dump will happen. Maybe if you had access to information from trading groups who have people with a lot of money in them but other than that you wont know. You can try to predict a dump by watching prices and see if they rise too much and base your trades on that. In my opinion, if a coin rises 100% or more then I would sell and wait for it to drop to buy back. |
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Under what circumstances is trading preferred over holding?
Btc reaching 10k$ way before new year is a big shock,your opinions would be very helpful.
Im honestly on the fence about trading vs holding. I see holding as a safe way of investing your money because you can ride out the downturns without risking loosing portions of your stack. On the other hand, I see trading as a viable option because there are many opportunities to buy sell and buy lower or buy and sell higher. The issue with that is that the prices may move in a direction that you did not expect which might leave you in a position you dont wanna be in or you might panic sell or buy. |
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The trend now regarding bitcoin is that it constantly goes down in every second and every minute. Is this the end of it? Will there be any possibility that its value becomes zero? Or specifically demonetised? Because for me I think 5 to 10 years from now this will happen simply because of the appearance of other alternative coins. What's your opinion about it?
I dont think bitcoin will ever hit 0 even if people lose interest and it begins to die out. There were many points in bitcoins history were catastrophic things occurred and the price still never hit 0. Cryptocurrencies arent likes stock in the sense that they are not shares of a company. bitcoin is not a company so it cannot file for bankruptcy like a company could because its not expected to pay any bills or make a profit. |
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Hi guys! I have been hold my BTC for a long time but now it's completely down and I started to think about selling it. My friend is very good trader and he advised me to keep all my BTC now and try to get some free coins from different forks because when BTC will be completely down forks will be more actual and valuable. That's why I am here to ask you how to get that fork coins for free? I have found very good fork calling Bitcoin Interest but I just can't understand how to do that. Tell me please the best way to do that. Thanks in advance !
Its been going down for months, i dont think selling right now would be a good idea because your selling at the bottom. If you sold like a month or two ago that would have been better but i think right now a recovery should be right around the corner. If you sell now then youll regret it when the price recovers which could cause you to fomo. |
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so am new to all of this and wanted to ask how you people trade ? how to learn how to trade ? and who to follow in twitter or facebook so i learn from them
I've been trading for like 2 years now and before that I was messing around with a couple hundred dollars and losing most of it. The one thing i learned that is you gotta be patient and you cant make decisions based on emotions. Its better to hold in a downtrend and watch prices go down a bit more than sell due to panic and end up with very large loss. Ive held through many bear markets and i've always ended up selling higher than i bought. |
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bitcoin price now is under 7000 it will go under 5000 it is real or FUD..who is manipulate this market...
I do think its very possible that bitcoin could go over $5000 this month but i think its equally as possible for it to back up to $10k+ this month as well. Its really hard to predict these prices because they can change in an instant but if this downtrend continues then 5k will definitely get hit. With that being said, crypto has been on the downtrend for months so a rise to 10k might be coming up soon. |
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Can we expect bitcoin below $50 ?
I dont think we'll ever see $50 bitcoin again, unless some underlying technical issue that renders it useless is discovered. There is too much buying power out there right now and many people would dump a lot of money into btc if they see it going down to anywhere near $50. Even when bitcoin crashed after hitting $1000 it only went down to like $200-$300. |
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This is interesting and its definitely good for bitcoin and crypto in general. Hopefully this will combat the fud that was spread when the whole korea banning crypto debacle was going on. Acceptance like this is what will lead to the legitimization of crypto which will allow it to be taken more seriously thus increasing the prices. |
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I make most of my predictions myself and it usually comes from watching prices for a while and seeing which coins begin to run up and then predict which coin will have the next run up after that one. I also follow up on crypto news about coin developments. The main one is ethereum and i've noticed a direct correlation between tech updates on eth and price rises. Sometimes these rises take a while but they eventually do get priced in.
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Hello!
If bitcoin died do you think people will lose intrest in other cryptos aswell? which altcoin would you invest in if there were no bitcoin?
I dont think bitcoin can die by itself, it will have to be the whole crypto market that crashes that allows bitcoin to fall as well. In general though i dont crypto will die out, i can see people loosing interest due to the price crashes but that has happened several times over the years and each time crypto comes back stronger, with higher prices and newer innovations. |
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Hey all, I am very new to crypto. Cryptocurrency is becoming a routine topic to talk about in households today.
The biggest issue people always bring up is that it is very difficult to use it to buy real, tangible products. Does anyone have any ideas of how to do this with limited fees and restrictions on the consumer? And are there any ICOs that are trying to solve this problem?
I dont think cryptocurrencies have a future as a currency for buying products or paying for services. Theyr just not practical compared to fiat and they are way too volatile to be held. What i do think has a future is the blockchain technology the ability to decentralize many industries. An example that i really like is that ico that is happening for a $400m apartment building in nyc. Those coins will have a use and that is percent ownership in the building. |
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Getting a little bit confuse here. What Does it means by day trading and are any advantages and disadvantages in day trading. Thanks
Day trading means your executing a buy and its corresponding sell on the same day. Day traders are usually looking to ride the swings of the day by looking at the charts and trying to predict what the lows will be be and what the highs will be. This does come with a lot of risk though. The trends never last that long and you could end up stuck at a position just because the price jumped in a direction you did not expect it to. |
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A lot of people do trading even if they don't know nothing about it and some people succeed on that but most of them failed.
One of the reason why I think they do that, is because of GREED which can result to a big loss for them.
Start with education, make a lot of research, do some practice trading online
and use it later on in real life. Don't rush to earn money because in trading its hard to do so.
Are you a trader in mind but scared inside?
Be more patient, develop your emotion and win in this market.
I think you bring up a great point, and i completely agree with you that patience is what leads to profit. Emotions are a major factor when it comes to trading/investing and when someone is just starting out these emotions can really make them lose a lot of money. Overcoming these fomo and panic emotions is very hard in the beginning but if an investor can hold through a long bear market and ignore all the fud once, then he/she should be able to ride out any other downtrend that comes later. |
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