Sorry. I thought I got the right board for predictions or speculations. I apologise.
You did, but try in the future to at least offer some reasoning. I think the price will stay around 10-11k over the weekend before moving through to 12-13k in the next week. The recovery seems fairly solid and we haven't experienced many dips on the way up, some alts seem to be recovering now too and I get the impression some money and confidence is returning to the market. Exactly, I don't know why people here still predicts bitcoin to go down. Haven't you guys seen that the market is already bounce back and now you predict that it will go down again? But if the price has gone down, you all bitcoin about how bitcoin is dying and everything. I'm pretty sure that you are trolling here. Because it doesn't make sense that you are predicting a price that we all know is not going to be touch as the price is started to pick up once again. People have different views about the recovery, I can see the recovery is strong and slow so I know it is for real and it is not a whale buying a bunch of bitcoin at cheap prices, however I do not know if the demand of bitcoin is as strong to make it reach 12k in the next week, it is possible but there are many unknowns, the demand is not as strong and we only need some FUD for that demand to disappear for some time and a new round of panic selling to start. |
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so what? you can not control the incoming. all you can do is just make sure you have work and salary for living, and a loving family to support
so if the crisis is coming it will hit hard and there is now way to be safe.. we just need to be ready for it.
It is not that simple, if the crisis is a big one then there is a chance you will lose your job and if it is not only a crisis but the mother of all crisis as it has the potential to be then you will probably not have a job, this is not something you can prepare at the last moment it should have been a process of years getting gold and getting out of your debts, if you are in debt and you need your whole paycheck to sustain yourself then you are very likely in deep trouble. |
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1. Have a clear target and a clear stop loss
Remember: trading doesn’t need emotions; only reason and rationality. And you just can’t ignore discipline.
2. Sometimes it’s better to take a small percent profit per position (especially during the bear market). Yes, you will need to make more positions for significant gains, but the guarantees of the success will be much higher. The truth is that the best traders in the world aim for small and consistent profits. They know this is the only way to success.
3. Do not trade with money that you need for living expenses. This is called "risk capital" for a reason.
4. Don't be a blind bull. ALL markets are cyclical. Don't be afraid of failures or failures on the market - this is where you can earn more money.
5. Don’t go for one coin, but invest in multiple currencies. That way you’ll spread the risk. In our CryptoMaker Premium channel we post 3-6 actual signals daily – just pick any several coins you prefer and invest. Happy trading!
Most of the advice is solid but I disagree with the fifth point specializing in a few markets or even in one is better, there are many nuisances in the markets that can make the price to go in one direction or the other and the more you trade in a market the more you know it, so trying to trade too many coins is a mistake in my opinion especially when the profits you can get with bitcoin trading are already some of the biggest profits you can get in almost any market. |
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What do you think are the effects of btc in your country? Because in my country it thus not affect the economy of ours. Share yours.
It does not seem that bitcoin is going to affect the economy of any country at all, it is still too small to think it can do it and even with that politicians are worried about the effects it may cause in the future, and with good reason, bitcoin has not affected my country at all but it has affected my life and if it changes the life of others as much as it has changed my own life then the changes it can bring to society as a whole will be great since having a currency that does not steal from you is a huge improvement that cannot be ignored. |
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that's what i was expecting until it happened. everyone told us that the bigger it would get, the slower and less violent the moves. to me at least i can barely detect any change at all. we can still shed 10-30% in a few hours without blinking. i must say i'm very surprised by this.
anyway is there someone out there willing to put together some stats about bitcoin's sideways and consolidation moves? they usually last for much longer and it might be more informative about the future. alot of the time bitcoin doesn't actually do very much.
Since the crashes are caused by a bigger supply and a lower demand of bitcoin in the system its price in fiat should be irrelevant in the equation, so big players like whales, exchanges and governments can manipulate bitcoin as they please as long as they keep a huge supply of coins or as it is the case with exchanges they control the platform in which the trades take place or in the case of governments they have control of the discourse in the media. |
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Actually, I think it's the other way around. blockchain technology can do without cryptocurrencies. Cryptocurrencies are simply by-products of blockchain activities. Besides the potential of the DLT is why government agencies have not cracked down completely on the whole ecosystem.
I agree, governments and banks and other business see a great future for the blockchain and many are creating their own developments in the area but they hate bitcoin on top of it, in a way the blockchain not only allows the concept of bitcoin to exist in the first place but it is what it is keeping it alive, I'm sure governments want to destroy bitcoin but at the same time they want to see how much pressure it can resist, in a way they are getting R&D information for free. |
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Hi everybody, I'm asking myself a question for 2 weeks. I'm mining a profitable coin (let's call it Acoin) and I want a Bcoin that has a lower profitabilty but I think it will grow a lot in this year. Is it better to mine Bcoin ? or mine Acoin and buy Bcoin with the Acoin mining ? Thanks for your opinion  I will personally take the risk and mine the coin with the biggest potential, if you take the time to talk with miners most of the time you will receive the answer that the most profits they ever got out of bitcoin mining was mining bitcoin when it was not profitable, they were losing money because of the electricity costs and the low price of bitcoin but now those coins have the greatest ROI because of growth in the price, so if you believe in the potential of a coin mine it you will not regret it. |
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any advice for beginner trader ? what exchange to use and worth trust ? what coins to consider trading in ? what strategies to use ?
My advice do not trade if you do not know the answers to those questions already, you are asking the very basics of trading, and if you do not know that then you are going to lose your money and will not learn anything from it, so take a few months to learn the answer to those and many more questions and read some books about trading only after you have done all of that you should consider trading at all, after my own research long time ago I decided not to trade since I consider it to not be worthwhile. |
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It's a good move. Too many people lost money they didn't have by speculating on Bitcoin in the last gold rush.
So you're supporting the babysitting policy. People can't handle their money, lets limit their options so they can be happy and never gain or lose anything. Mediocre, balanced society where there are no rich or poor but everyone has exactly the same is what we're aiming at, right? People are irresponsible, let's be responsible for them, let's take their money and decide for them. It's another proof that your money don't actually belong to you and that you should avoid banks at all cost. What next? They will monitor your CC purchases and block you from making "bad" decisions? Too much alcohol in your diet - transaction denied, buy another drink instead! Cigarettes? That's a big nono, transaction denied! They tried the alcohol thing in the twenties with the prohibition in the US and it did not work which is why the war against illegal drugs it is never going to be won and it is just a big money sink, those that are addicted and those that use drugs recreatively will keep doing so whether drugs are legal or illegal and those that do not use them will keep abstaining from the consumption of drugs regardless of their legal status, so babysitting policies need to stop but it is unlikely that is going to happen since there is a lot of money there. |
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Cryptopia has been having a ton of issues lately, particularly with withdrawals. I tried withdrawing about 0.15 btc a few days ago, only for the dreaded "withdrawal processing" to come up on my account for about a day. I wondered why this was, since all of the other exchanges I use (bittrex, binance, kucoin) process withdrawals fairly quickly. Apparently I was not the only having issues. https://www.reddit.com/r/Cryptopia/I went on the reddit page and read multiple horror stories of how people haven't been able to withdraw their funds for weeks. I guess I was lucky to be able to withdraw after about a day. I've heard that they've also been having issues with their banking relationships. It really scared me when I realized that my funds, might be stuck on the exchange for a long time, like it happened to many other people. I will never be using the exchange again. I highly advise others to not use Cryptopia either. This is going to become more common as more regulation comes to the market, exchanges are having a problem dealing with the massive amount of new users that got in bitcoin in the last months and also from regulators and banks being on their case all the time, at some point decentralized exchanges need to fill some of that gap but for now it seems the community still does not want to make that jump, I wonder what they will need to move on to decentralized exchanges. |
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Just that... do you think there is any re-distribution effect at all due to bitcoin?
Bitcoin is not some sort of communist coin to distribute the wealth, if you want bitcoin work for it, bitcoin in fact goes against that once you have a bitcoin unless you lose it by mistake no one can take that bitcoin away from you, if anything bitcoin is build against that idea, there are always going to be people with more wealth and as long as they obtained that wealth legally then they have all the right to preserve that wealth to themselves and their loved ones. |
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Any arbitrage bots and how they work and which exchanges? And experiences you may share which can help?
There are some people selling arbitrage bots in the forum, I do not have a link but you can find it if you search for it, now arbitrage is a very deep subject and while in theory you should get profits in every trade speed is of essence that is why an arbitrage bot is a must, however I am not sure I would like to leave a huge amount of money to a bot, the coder only needs to make one mistake and you will lose a fortune since there is no point of doing arbitrage with low amounts of money. |
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We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.
So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
Alts are for the most part speculative vehicles, there are only a few which have anything going on for them, so not much is going to change the alts which have some utility and niche will be used and the rest will be traded by speculators in a game of who can outsmart the other and leave them holding a bag of useless coins, so at the end things will remain mostly the same except I think bitcoin will regain part of its dominance once the lighting network comes into play. |
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I think you are getting over excited OP. Yes, Microsoft said that it will use blockchain technology to create Decentralised ID systems, but that does not mean that the prices of BTC, LTC and ETH will also increase. Blockchain is something, which most countries and institutions are positive about, including those who hate Bitcoin. But yes, if they use the blockchain of a popular coin, then yes, you can expect some good bull run!
I guess we will have to wait then, if Microsoft decides to create their own private chain then this is the same old problem of having a centralized institution control of your information and this will have no effect on the price but if Microsoft begins to develop this on one of those chains then this will be good news for the price, but I will not trust personally something developed by Microsoft unless the whole thing was open source and independent developers reviewed the code. |
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I decided to quit ICO's. From December till now I invested about 5 eth into several ICO's. Invest what you can miss, this is what was able to miss. Right now the first few of my ICO's have reached the exchanges. Most are under performing, but this is related to the overall dip (can be read everywhere). I understand, but ICO token economics have changed also. - massive hardcaps
- most is sold in pre-sale to big investors, leaving scraps for crowdsale
- much attention to marketing, less to working product or realistic time lines
- immediately available on EtherDelta and IDEX, sure sign of little interest in token economics/future
- no lock on pre-sale tokens, whales take their x2, x3 or x-whatever as soon as possible (I would probably have done the same). Prices drop to below ICO price.
- too many ICO's without distinctive differences.
- too many ICO's in general
- too much tokens reserved for team/marketing
- many ICO's don't even have a crowdsale anymore (which perhaps is a good thing as the little investors are protected this way)
- ICO prizes are quite high. 1eth = 1000/4000 tokens is pretty common, but with a hc of 40 million, this will not easily go x10 or more.
I was 'unlucky' to miss out on a few ICO's besides the ones I was able to participate in. Afterwards I am glad, since I was able to pick most up at a fraction of the ICO price. Important as ever: DYOR as not all ICO's have a genuine solution to a genuine problem. Some may seem like a fantastic solution, but often it is marketing combined with a strong team, and not so much a great working product. And who am I? I am definitely a nobody  , but still wanted to share my experiences and perhaps save people from thinking of getting on board of the next x100 ICO p.s. when a Telegram has over 20k subscribers all screaming 'when lambo' with endless rows of animated gifs, you may also wonder if this is a serious block chain solution which will revolutionize 'x' Be glad it only took you 5 ETH and a few months to realize that, many after losing their money in icos double down on their mistake and keep investing in projects that are very shady, I have decided to stop investing in icos and will concentrate in alts with low market cap since I have noticed the same, the amount of money the devs want to get is simply too high and after the ico there is no room to grow so you can easily get 3 or 4 times the amount of tokens in the open market for the same price you could have paid at the ico phase. |
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Hello guys...
I have diversified my portfolio to about 25 different cryptos which were worth about 7000-8000$ just before the bitcoin crash came and I am wondering whats the exact reason behind this, when or will it recover (and so the alt coins I hold, don't have any bitcoin).
Why do almost all alt coins crash because of the bitcoin crash or correction?
My portfolio is worth only 4000$ atm.
Sorry for being an beginning idiot and asking this and thanks for everybody who can explain it to me
The reason for this is that there has been many negative news around crypto for sometime, this was in general while some coins like bitconnect and tether came under heavier scrutiny most of the news were about crypto in general so this created an environment where no coin felt safe and newbies began to sell their coins, that is all, sometimes bitcoin does well and alts do not and vice versa you just entered the market at a bad time but do not worry it will recover. |
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I think it's extremely unlikely to happen. ETH will not reach or exceed BTC status or popularity. Bitcoin has built firm foundation in crypto market and it got many people's trust. ETH, on the other hand, is undeniably doing good as well. It has gained many investors but the moment something negative/bad happen to ETH, people's trust will be diverted to other coins or will end up to btc. On the other hand, if that happened to BTC, people will still go with it. Think of the endless scam using it's name, does it affect BTC's popularity? I don't think so.
This is something many do not see, yes ETH is a great investment but if given the choice of what coin to stick with it in case things begin to move in the wrong direction most people will prefer to keep holding their bitcoin than to keep holding their ethereum, bitcoin has been able to prove several times that is a very resistant currency and while its price can change abruptly it will eventually recover from such movements and give you profits at the end if you hold long enough. |
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Bitcoin still fighting to be stable. In every two days, Bitcoin price rising and down happening. This is too volatile now. So, What do you think about the recent market? will it rise again? If which then which month it will happen?
If you look at the charts you can see that the direction of the market is up, there are some downs that is true but the direction has a tendency to go upwards and since the fundamentals of bitcoin are as strong as always there is a good probability the market is going to go up once again, but it is impossible to know exactly when that is going to happen because there are many factors involved that we cannot predict, this bear market could last for months or for years. |
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Hey guys, I am wondering what's your opinion on WAVES? Looking at it the past weeks kind of makes me wondering if it is. Basically every Alt somehow got pumped pretty significantly. WAVES on the other hand somehow keeps pretty steady or looses value. Maybe it's just a wrong impression on my side, I would be just interested what's your take in its future Yes it is still a great investment but it seems it will require a lot of patience so if you have other projects in mind there is the possibility you can profit from them before waves begins to move upwards, this will give you the advantage of making a lot of money with other coins and then comeback and invest in waves just in time before it pumps, but if you do not want to miss the opportunity when that happens you can invest in waves right now and wait. |
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There was a kind of 'Black Monday' in the US Stock Exchange. The Dow Jones Index fell 4.60 percent. A daily loss was the strongest drop in Wall Street history with 1,175 points. Panic sales jumped into the world, the Japanese Nike index dropped by 5.5 percent ...
I do not particularly like to give disastrous news, but the crisis is in the doorway ...! The American Stock Exchange has not experienced such a decline for a long time.
Is this situation the signals of the crisis or is this crisis going to be skipped in a short time?
We are all waiting with curiosity ....
The crisis has been coming for a long time but it seems we are finally at its door, but even if that is the case the crisis will take some time to develop, I remember hearing about the housing bubble by some experts back in 2003 but it did not materialize until some years have passed, so while this is an indicator there is something wrong with the economy that cannot be fixed we still do not have convincing evidence this is the beginning of an economic crisis. |
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