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Yes patience it is really the most important thing. Because if could wait for long time out investments might earn a good profit in the future.
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So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
I don’t think that another coins would replace bitcoin because it is impossible for them to reach the price that bitcoin had reached. |
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I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
It depends on the person on how he will study and understand the crypto currencies. If you have back ground in doing stock exchange it will be easily for us to understand the market and we should be open minded when it comes to crypto currencies. |
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I have been following the crypto scene for the past year and sometimes even though some companies do well their token price drastically goes down and this is the same with btc too. People like john mcafee and roger ver are always talking about how we should get ready for the bullish market but yet the price keeps on decreasing and so i'm asking how and who controls the price. If there is anyone who might be running it?
The people who are capable in investing bitcoins are the ones who control the market when they invest to high the price goes up when they sells the price go down. |
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Indirectly bitcoin controls the market. But i believe that the people who manage to do investing are the ones who controls it because they know when to sell or to hold their investments.
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Crypto help me out earning financially by joining different campaigns here in bitcointalk and for sure lots of people who will testify that as well. And i wish that the camapign offers should atleast continue for long so that it could help more and more people. |
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Some media shows that bitcoin can be the next weapon to control the world economy. i think it is true and it will be seen soon.
Well it is not bitcoin who will control the world economy is the investors who continues to invest in bitcoin and other crypto currencies who can control economy. The more the buy and sell coins the more movement of the market. |
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In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.
I agree with you that we really need a lot of patience because if we do not have patience in trading we might loose all our investment in just one wrong decision. |
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Expert traders, can you say Which is profitable coin? I like easy and short time trade. Now which coin is better and which exchanger also better for short time trade? I like small profit and it is short time. Say your option please.
We cannot say right now which coins is profitable because of the bear market majority of the coins now moves downwards really fast it is better yet to hold what we have in our wallet and wait till the market recovers. |
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Crypto currency is easy to understand specially to those who had experienced trading stocks and also if you are a wide reader and very much interested in the technology. The more we read the better we will understand the market and we will know how to face all the risks.
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There are still lots of friends of mine that do not believe in crypto currencies even if how i explain it to them the concept and on how they will earn. It is hard to convince them about the crypto currencies they don’t interest or they do not have funds to invest.
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I think it is a great idea investing in bitcoin and save it for retirement as a long term investor i think that investments will grow much bigger in the future and it can really be the source of our retirement account.
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The best crypto currency to invest of course are the coins that are part of the top ten of the coin market cap that includes bitcoin, ethereum, ripple and among others. They are one of the most trusted coins in the market.
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After the gloomy days of the BTC in 2018. Some of my friends have left the market because of losses. When entering the market, people need to take risks. From my friends, I think some of the following will benefit you living in this market:
Psychological control
Questions you should ask
You buy hold coin or you transaction?
These are the two most commonly used methods. However, buying and keeping a coin is the method that suits most people. This is a very simple, fast way of making good money in the top 20, like litecoin, bitcoin, ethereum. Ripple, store somewhere, do not read the news, do not worry about the transaction or the predictions the coin will die of the media. After a few years, they pulled out and sold.
In case you want to trade, the story is quite different, you need to buy on sale. And very simple rules, buy low sell high. As you know it is easier said than done.
Do you have money to invest?
If you do not have a lot of money, start with a small amount of money. Do not use debit card, plug the house. Plug the money into the market. The more likely you will be burnt bags. Only invest the money you have lost.
I am into buy and hold because for the longest time i had been here i already used to it to the flow of the market we may loose some now but definitely will earn more in the future let us just ne positive. |
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I believe that bitcoin is an asset because of its value though it is the state of the near market now i still believe that bitcoin will have a very valuable price in the next coming months.
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Bitcoin helped me to be stronger in facing all the risk challenges of investing and with that I had learned how to handle the losses and thought me as well how to manage my investments wisely.
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It's bad if someone sells with a loss because he lost all hope, but we shouldn't judge everyone. Sometimes people need their money from crypto asap, different situations happen to all of us everyday.
That is true maybe because they lack knowledge thats why they do sell it at loss. But of course if they sell it means the value will decrease and we have to take advantage of the lower price. |
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For me buy and hold crypto and wait till the price to go up. I had been doing it for a long time and that is pretty effective and the market will recover soon.
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People moan about the price of bitcoin is because they had encountered losses. Losses is definitely the reason why people panic with the current price of bitcoin.
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
The current market is really frustrating but for me i will stay calm and still wait till the market recovers from losses. I know that crypto currencies are the future of each and everyone of us. |
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