What will happen in BTC bitcoin market when another fork hits bitcoin, results in emerging bitcoin gold as new coin Will price of bitcoin go down Will new coin get popularity like bch  I think as well that it will not have any impact on bitcoin. One reason is that most people have no idea bitcoin gold is existing. And for those who are aware of bitcoin gold, to them it's clear that somebody wants to make quick money and is trying to advertise with the brand 'bitcoin'. I really hope that it will be a big failure for the forkers. Too many bitcoin-coins are gonna spoil the stew. |
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Of course that is risky and I would advise everybody strongly against it.
There are high price fluctuations, a wallet can get compromised, legal issues with the government can come up, people can lose interest because of too mane forks and so on.
I think that every successful investor tells one thing: don't put all your money into one investment.
Diversification is the key. Crypto currencies, fieat money, stocks, gold, real estate. A good investment strategy starts with avoiding to lose money.
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There are only two options for a steady income:
You have to work continuously to get a payment on a regulary base. That needs skills and knowledge.
Or you need money that gives you profit when you invest it. When your earnings shall be small & secure, maybe the stock market could be something for you.
The companies there are well analyzed and rated by experts. The safer the investment in the corporation is, the lower is the dividend that they pay.
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I think that in five years, we will have ETF approval in the US. Probably much earlier.
And we will have faced the next halving as well. Because of that I suppose that there will less bitcoins on the market and the price will be higher.
We might see about three forks a year. I fear it could become a kind of a new sport, getting rich by forking bitcoin.
How this will infect the price and the reputation bitcoin has gained, that is hard to tell.
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Besides keeping it to raise in value later. There is not much I can do...
I don't think there is much you should do. Of course, when you are an experienced trader you always have the possibility to profit from the volatility of the altcoins. But in case you are just an average bitcoin holder, bitcoin is your investment. It should be cashed out in case you need the currency, but otherwise I would say it should stay untouched. |
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I still dont like doing personal stuff on my smartphone where google is like monitoring every one of our moves. Personally many of these news are propaganda news and FUD in nature but many are true as well. No one knows which one is actually true and not everyone of us can build their own smartphone for using. I prefer to use my computer to do online transactions though there is not much difference with that. But for banking and all I would rather do it physically by going to the bank even if I feel lazy.
Even myself dont really like to use mobile phone banking on which i do really personally go on my bank and make transactions and i dont really tend to use up or download any mobile banking app. I dont really like that monitoring thing which is really possible regarding on the new technology nowadays on which someone could able to watch us on our browsing habits or any personal stuffs.It may give convenience on most people but we should think on the thing regarding on its negative side which i do always presume and didnt tend to use it just for the sake of convenience.Its better to be safe than sorry. I feel the same here. Everything that has to do with money, I still do that with my main computer where I have not installed any unnecessary programms. I don't even order things online with my smartphone. Maybe I am old fashioned, but I am still lacking trust in mobile phones. Every time an app wants to make an update and asks for more authorisations that I really can not comprehend, I get suspicious about that. My banking behavour has not been changed through phones yet. |
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Of course trading would be mor profitable if you do it the right way.
It is more like working for your money. You have to get some knowledge and experience first and do evaluation of the charts while trading.
That is all time consuming. If simple holding of bitcoins would be more profitable, we would not have any traders.
The problem is that trading can lead to a loss of money as well.
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Maybe we even see a different effect than we all expected.
At the chinese exchanges the price is lower than in the rest of the world.
People there are selling disproportionately much bitcoins, because it won't be so easy to convert them after 30th September in the local currency.
That is why I assume that after that day the number of selling people is going to decrease, and that means an increase for bitcoin price.
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It is hard to make long term prdictions on ETH, because it is only on the market now for a two years and two months.
From all we can see so far it has a slightly higher volatility than bitcoin has.
I think it is not an either or question.
An investment can be split up, maybe the percentage orientating on how both market capitalizations relate to each other.
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As soon as something goes sideways in the crypto currency world the people who get frightend easily react in two possible ways:
They go out of crypto completely, or the move their money into bitcoin because it's the largest and therefore most stable crypto currency.
That leads to a decrease of the altcoins in general, and if money goes into bitcoin, bitcoin rises while others fall.
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I don't have much regrets about bitcoin.
Adapting earlier would have brought me more profit, but I try not to be greedy. Counting all together I am still in a big plus with my bitcoin earnings.
And I don't think I entered bitcoin too late, nore do I think that the people who come in contact with bitcoin the first time right now are too late.
Regrets are located in the past... I try to focus on the future.
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I think as well that if bitcoin wanted to drop to 1800 dollars, it would have had many opportunities the past weeks.
Insead it barely reached beyond the 3K level.
With rumors cooling off we are already more stable again.
And if the future holds a few good news, we are definitely back on an uprising path.
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I am a big fan of diversification and risk minimizing.
Using one currency only creates a bottleneck, a vulnerable spot in the economy.
I think for every important structure a backup is needed. That counts for currency systems as well.
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The more interviews he gives with that kind of statement, the less people pay attention. And the less impact the interviews have on bitcoin.
It's a good thing that people get bored easily of most things.
I would say two more intreviews with the same message and he has taken himself successfully out of the media attention.
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Hey guys, new member here  I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget. I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent. Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows. Any words of encouragement?  I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good? I don't think you made a wrong choice when you invested in bitcoin. The point of investment might look a bit unfortunate at the moment. But it is in bitcoins nature, maybe even bitcoins big secret of success to be volatile. The longer you will have your coins, the easier it will be for you to watch the ups and downs of the chart. Just don't panic. |
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I see naivety as a problem of bitcoin.
Many people believe all the rumors and fake stories that occure over and over again without using their heads.
That brings them to make impulsive moves on the markets which sometimes trigger a domini effect.
And that is bad for all the bitcoin users.
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Actually I have not heared about this news, but if Switzerland is aiming at specific coins that are used to scam the investors, they have my support if they want to take them out.
On nice thing I have noticed the past few days: the news reporting about bitcoin is brightening up.
China is not the all dominating topic anymore.
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Bitcoin's future is dependent alot on its future utility which will give it an intrinsic value. Otherwise, Bitcoin will become a bubble in no time. I am glad many big merchants and companies are coming forward for accepting Bitcoin as a payment source. Japan is leading with almost all the vendors and merchants accepting Bitcoin. Now in South Africa supermarket started accepting. More the merchants start accepting Bitcoin, more people will get aware. These companies not only help in giving Bitcoin a better utility but also help in spreading awareness among people who don't have any idea about cryptocurrencies. Thus, attracting more investors towards cryptocurrencies.
I appreciate it as well that companies try to enter the market of crapto currencies. Even if they have not included bitcoin in their regular payment systems, it shows that they are aware that something has developed out there. Bitcoin and the other currencies need to have some use in the every day life. To stay in the head of the people. 'Bitcoin accepted' signs are a good way to do that. |
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There are a lot of people working with bitcoin in China.
I would not want that they lose access to the bitcoin market. After all we are one bitcoin community!
The problem are not the people, it's that the government there wants to controle everything.
If China would get completely out of bitcoin, their government would get what it wants, and the people there had to suffer the most.
From a moral point of view that would be wrong in my eyes.
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Almost all bitcoin members knows that holding is the safest and maybe one of the best strategy that many users is into. It doesn't needs skills and much thinking it only needs patience and good wallet to stored it. Look so easy but a complicated challenge in yourself control. Patience is a virtue as what they say and trust is a must, In yourself and in bitcoins future value.
For those who hold bitcoin since it was very cheap is lucky. Because I am confident price will reach high or increase, yes I agree needs patience and determination that you can earn in bitcoin. So I am for hodling my coins in my portfolio, beleiving in and we can be rich in time with bitcoin. The good thing about holding bitcoins is that you can invest again with any amount. No amount is too small that it could not go into bitcoin. Many other investment options have fees in such a high range that investing smaller amounts is not possible. Bitcoin welcomes small investors as well! And with a little patientce, even the small amounts can turn into a real fortune here. |
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