Hello, everyone, I was thinking if it is still profitable to hodl cryptos. Having lost by a huge margin 70% isn't this Hodl just not working. I seem to have finally had enough. What do you guys think?
HODL works when you apply the different strategies of doing so. Nothing comes with ease but there has to be some movement done so that you can actually earn something from it. Over the time there comes lot of ups and down movement and you must take the opportunity to buy at right time and sell at right time and then keep hodling those coins. You are doing the right thing of holding if you do it this way. Remember when some one says the hodling then dont just HODL, better work for it, try to grow the coins value by compounding etc. |
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Most of altcoins are down with this market. So many experts and news say BITCOIN will go up in this year end. I think if Bitcoin goes up, other alternative coins are going up. So is my point true, What are the best coins to buy with this low prices.. Or Isn't this the time for buy coins?
In short, every year end will bring you blessings because each of them whether it is BTC or ALTS they have the ability to rise in the market during that period. The reason is, people wanna make money when they are on the long holiday, they sit home and enjoy trading the crypto currencies and thus with natural surges the prices stats plunging upwards. This is just theory but most of the people believe in such kind of theories and they are willing to invest any amount because everyone carries the thought in their mind that year end is the best one to spike and earn from it. So better to get into the altcoins that you always think will go upwards. Just get any of them and still got pretty good chances of getting hiked. |
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12% of what ?
Whats the total circulation please ?
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Chillout mate , it appears that you have just started to invest in the crypto industry. You are going to see lot of this in the crypto industry. It is not just the bitcoin that I am talking about but many other coins that can dump themselves like the way bitcoin has done itself and may not even recover for the next few months or even year. But it always comes back and this is evident with the history of BTC. So it would be better if you dont add up your panic in to the crypto and stay calm.
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Looking at the fluctuations of Bitcoin, people frequently asked all over the forums that what will be the right time to buy and sell the cryptocurrency. According to me, it all depends on the market. We cannot suggest the best time to buy & sell. What do you think about the same? Any suggestions?
I thought this is the same question with bad understanding of the crypto currency but you do know that the timing can not be fixed for the trading of bitcoin. It is really different thing and nothing depend on the time. The crypto space is completely dependent upon one major factor, investors. Investors can change their minds according to the news, happening in the real world, moods, patterns and much more. This makes the movement of the crypto currency. It is independent of the TIME! |
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I thought that every time when such a big investment came up the price should go up also but it came to the point where news are not affecting the price, or at least it seems to be like that.
Well, thats not the case always because they might just have started to think about the investment and might not have inserted their bags into the space yet! As soon as they start loading up the pools with huge money they you can see the moment. Sometimes news is not sufficient because it could be too technical and may be people wont really understand whats the matter. Not everyone goes with technical outlook and thus it may not excite them to invest their money into the crypto. |
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Hey. Is it worth investing in coins with a very low price and small capitalization?The price is around 0.00001 dollar. That is a lot of zeros in the price. Such coins are a lot on The Yobit exchange. Often they showed a good result of 100x. Has anything changed now?
This strategy is used by many people or regular traders because it is very handy trade and also very cheap one to process. Also you will not be loosing much of the money if your trade ever goes upside down with such low valued coins. Just remember that if they are low valued then it doesnt mean you should be buying more than 1000 USD worth coins, I would suggest to start with couple of 100's and then grow the profits slowly over the time. It will work, just research the proper strategy about it. |
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Is this really happening. I think this will be huge support for existing of bitcoin. Recently,I heard that Samsung started to accept Bitcoin on 3 countries. It is said that customers in Tallinn, Riga, Vilnius, and Kaunas in the countries of Estonia, Latvia, and Lithuania will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency.
You should at least share the links so that we can read and comment about it. Anyways, maybe you are referring to this article: (UPDATED) Samsung Stores in the Baltic States Still Don’t Accept CryptocurrenciesI'm not surprised by the Baltic + Samsung accepting it. Those states are very friendly anything related to cryptos (ICO,blockchain). Yes its a welcoming news and this is just a small step for crypto acceptance. Perhaps this is just a experiment for Samsung and if they see it going a positive way then it might be rolled out to other friendly nations as well. Good to see this article as it is eye warming when I see giant companies actually step forwarding to invest money into the bitcoin and also start accepting it and thus pushing it forward. However, it is so pity that being giant like that it has not helped the market move in any positive direction. May be this is the lesson which states we need more people on board, a single institute may not be helpful or its insufficient for its deeds. This may take up more giant like apples, google, Facebook to jump in with acceptance of the crypto currencies in their wallets. |
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but if it is rejected, won't it have a pretty nasty impact on the market?
last one that got rejected was from Winklevoss brothers and that was hyped up and price fell a little, there was no "nasty impact" and that drop was mainly because the FUD was telling people ETF was rejected completely and it is is the end of the world  this new one is not even heard of. its rejection shouldn't even be heard. not to mention that people are starting to be convinced that ETFs are never going to be approved by SEC. and i think this upcoming rejection is a good thing because it will make more people believe ALL of them will be rejected soon. Great so lets get ready for the "little" dump and nothing else. I believe that will also come from the people who are "too panicked" and doesnt understand what does it take to hold the bitcoin in place. One thing is sure, whatever might be the decision of ETF, the rest of the world is not going to wait after that day and everyone may just start to crawl in slowly so that the market will get to recovery zone. Just thinking that way until now. |
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I am sure that standard of blockchain is upto the market and it can always be recognised form he important fact that blockchain is running itself with complex algorithm, over the public ledger and there not had been any breach within the data of blockchain itself. What stays in Blockchain, stays in blockchain!Howvever this is what bothers a lot legislative framework and really not helping blockchain to come out of the crowd and start surging through the big stuff ! It could happen that legislation may kill it one day or out of some miracle and with imposed legislation it may get hiked in its use and application suddenly with blink of an eye. |
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Interesting that these people are now taking our bitcoin to the streets. Thats a good start up with an artist and though initially his wasnt recognised one, may be now it will be and will get some donation for sure due to the ease of sending money via Bitcoin! Initial he might would have been fitted in front of his painting all the way along and who day. Now his little advance.  Great , Bitcoin is walking through the streets and making artists popular! Thats the news up front.  |
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4. Getting the knife down
This seems to be a bit talkative, but bottom fishing seems to have been liked by many Trader's, as it proves so-called "bravery".
No, brothers, in trading no one is the domain. Only the loser and the winner, the winner and the loser. And bottom fishing is the quickest way to get you down. Old traders often say, the trend is you. So respect the trend, as well as respect your friend. The down trend is Sell, not jump into Buy. Getting a knife is a puncture.
Wait for the downtrend to break down, and the uptrend will be formed. At this time we wait a little gloomy finish on Buy, the possibility of winning will be higher. Eat the body only delicious, then eat the whole hair, eat the whole soil. Do you agree that this is completely true ? Bottom is not the right to jump into the buy but to sell? I disagree completely and I am not sure how can this be possibly true. Well if the trend is getting down then you should be selling immediately at the start of this trend but if the bottom is reached then you are already in the loss and thus selling at this point will cause the more loss and nothing else. I think you are talking about the strategy which is either different but what I read is not true at all. Its the time to buy more literally! |
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Truly it can not have that much good effects on the country's economy.
1) Bitcoin is too small asset within a country due to the global circulation
2) Even with the 50% of people getting engaged in the BTC trade wont help the country economic changes as they are doing it out of the Country's economic circulation
3) With the time the trades are diluted very fast with the global bitcoin trading and investment
4) Not all the BTC earned money is retained within country's bank and not all of them are filed with the taxes.
It wont help much.
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Seen it.
Its meaningless to debate over this because fiat and crypto characteristic do not match up and the way bitcoin works is completely different than the current fiat system.
It can not fulfil the requirements of the normal user because its usability is not upto the qualification of the fiat. The centraslied nature of the fiat makes it far more easier to handle the real time request of the fiat transaction. Plus physical appearance and use of the fiat makes it more familiar and valid.
Crypto has none of them.
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As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,
The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.
This is why crypto may not have any impact over the global Economy whatsoever.
Any thought reading this?
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Today i am decided to that i want to buy some ETH but in this bear market i have get panicked because ETH is continuously dying. So what should i do now? Can i invest in ETH or not? Please give me some suggestion.
That is the best decision. Dont listen to people who are saying dont buy because they are saying this out of the fear of missing as the ETH is already too much down in its value. The current value does tells us that ETH is messing up many things but always remember that ETH has been here since the first time and its platform is very important to the crypto community and smooth working of the ICO's etc. So it will be modified soon for better future and thus then you will see its price rising heavily. Get into it it and you wont regret surely. |
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We are now experiencing a bear market and what is your thinking about the current scenario of market? Will this market recover soon? Need your suggestions can i start to do trade in this situation? If i can do trade in this market and how much probability to gain profit?
Yes you can do this without any problem and you can do it just the normal way as if you are doing that in the normal trading situation. The bear market and its impact on the crypto currency is just temporary and how ever it is more than an opportunity for you to set up an excellent trade trend. I have seen many people asking this type question all the time and for the reason had made an analysis based not he past trading experience and the data from CMC. You can have a look and understand it. Year 2018, its been rough year until now starting from the first day. When December 2017 hike came into effect then everyone thought that next year bitcoin and most of the Top altcoins will spike themselves by doubling themselves in volume. With that thought in mind most of the people invested heavily at wrong time. That was the initial event when 2018 started. We surged through mega dump in the period January to February by dropping ourself to 16,000 USD and then 10,000 USD all the way down to 30-40% from ATH of December. Traders Who Invested in December : These people suffered a lot due to this kind of drop. They already went down by 40% from initial investment and there is no way they are going to recover that investment until the time they see 16K plus prices. But according to what I read over the forum most of the people with hard truth sold their coins already in the bear and incurred with huge losses ranging from 20-40%. Learning : This event taught us that whenever the market goes many folds high then its the worst time to invest. Do not think that if the market has hiked itself heavily means it has become stronger and it will grow even further. No, that is the worst outcome you can predict from that. So whenever the crypto currency is in bull run ( ~ 20% + high from initial value) then its not the time to enter the market but to halt your trading operations. Traders Who Invested in February to May : These were the traders who had the excited state after the ATH's. They made investment whenever the price dropped below 10K USD during this period. We had 4-6 such occurrences when the BTC price moved from 10K to 8K USD and it was the exact time when you will see heavy rush in the market and more 24 hours volume than any other period. However this was too soon to predict that the BTC might go boom at anytime after tomorrow, then after day after tomorrow but nothing like that happened and BTC dropped even further to lowest of 2018 that is 6K USD by April midway. People took further shot of investing at this period and then this pumped the market to 8K USD by the end of May. They had great time with this peak because most of them got the profits as they invested during the trough and sold at crest. Perfect trade! But not the best one. Learning: Investment should not be done in excitement because it may result in some sort of loss which could be unprecedented. In this group not all the people got benefited because many of the bought the coins at 10K USD which was still the highest point until the May. However there were people who bought the bitcoin by looking at the bottom price of BTC which was around 6K USD. Nonetheless they made great profits after BTC started its wave off the trough reaching 8 to 10K USD. So the second group here analysed the situation by somewhat studying the bottom price and made the profits. Traders Who Invested in May to August : These are the group of investors who have already understood that this year is not so good for bitcoin and it is all surrounded with the Bearish Trend of bitcoin and even other coins indeed. This taught good lesson and people have now created strategy of buying bitcoin by investing only when they see the bottom rates. Sometimes it is hard to see the bottom rate but with the current years movement it is finalised that bitcoin will never go down to 5.5-6K USD looking at the current trade volume of bitcoin. This group will benefit the most in this year because they are probably holding their coins, they know very well 8, 10K USD is nothing but illusion and what they need to do is, to wait and see BTC moving above 10K USD to have proper sell of from the bear trend. Leanring : The best thing to do is, research your "trade trend". After looking at 8 months of data one can surely state that we are not going off the bearish trend so easily and thus it might get difficult to get profits in such time. So the best way to keep buying at the troughs and whenever you see the bottom price. DONT rush the bitcoin selling whenever you see little green spikes, that would be mad decision to take because you are still selling in the Bear trend and not profiting with great % share. Bear Fear For those who are not capable of having control over their investment can do one easy stuff : They can go for the short term trading along with the swing mode. Though we are in the bear mode then also crypto currencies keep fluctuating within that bear wave by 5-10% on a day or two basis. It can be done with careful selection of coins with such volatility and still have profits being in the bear. With the time you may think that Bear is nothing and just nausea which can be overcome very easily.
My Conclusion from 2018 "Trade Trend"
I was very much disappointed when I first saw the dumpsters in crypto currencies as my investment in versatile coins was going down very crazy. But over the period I did notice these troughs and crest and cant tell you how important they are while investing into the crypto. Whenever I see wide open graph of BTC or any currency then we can clearly see that from January to August every coin has made a wavy pattern with long troughs and crest and then you realise that you could have bought at lowest rates and that too many times and could have sold at high rates many more times. This way profiting yourself multiple times and by re-inevstign your profits.
Key Notes :
1) There is still great possibility that this trend will continue.
2) There is NO POINT in asking when moon will come, because you can still gain profits whether its bear or bull.
3) Bearish trend is just your fear, it doesnt matter for how long it will stay.
4) Try to look at the smaller picture rather than bigger one, because no one knows the future trends.
5) You don't really need TA and other analysts to let you know whats coming, because you can predict whats the trough and when is the crest to buy and sell. |
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I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself. does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.
Something is wrong here. I am pretty sure your account has been compromised and someone does have the private keys for your wallet one way other. Because you stated that you was not able to login for many weeks into it and suddenly you logged in yesterday and saw the funds were down. Just take the snapshot of transaction made through your wallet and see if there is any outgoing ETH transaction! If there is any transaction then surely someone hacked it. Better to transfer the funds to new wallet and make sure for new wallet you have more precaution and store the private key somewhere really safe. |
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I guess we dont have to rank them, they earn their rank automatically over the period of time. Since they depend on the volume that is being generated due to the trading of those coins. This also depends on the project development so that it attracts more and more user base and thus it can grow the volume accordingly as there will be more investment made by these new comers. Those will receive greater ranks who stays ahead in all of these. |
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I am not sure if political pressure that intense or not but I do know that government as whole is big challenge in the crypto industry and thats the biggest concern considering the future of crypto currencies.
Whether it is the bitcoin itself or the crypto (Alts) government is imposing their rules and regulation and creating fearsome situation amongst the people. If this continued then it could happen that crypto users will fall back in number. Just like with the situation of Indian crypto ban created bad impression on the national market and now there is no movement from that country.
This is concerning if it happens with powerful countries too.
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