What I've learned from the last ATH and spike of bitcoin and alts prices is that Nobody ever predicted it, nobody. Predictions on this specific field is just a joke , remember at that time the chinese and korean crypto ban, everybody was quite pessimistic about it, and then what happened was a massive bull-run. However the bull run could happen again by a wide adoption. but Adoption isn't a switch that gets flipped, it's a trend over time that's being contributed to by hundreds or even thousands of different projects with their own unique use cases and communities.

I traded a lot, lost some and won some. But then i learned to control myself. it's all a psych game. No retest no entry! patience is a fucking key. April this year i saved up money from my job and deposited it into my trading account. stuck to my same rules and it was the best risk I've taken! I only work 20 hours a week now and by the new year i went quit completely. I figure if i can make 500 USD a week trading I can live frugal and continue to build my capital.

I had 19 losing years before I finally became profitable. I gave up several times, but always ended up coming back. I lost totally $10,000 and the biggest one was $2,000. It's not easy. It's a long, difficult journey, and most people won't make it. I'm glad I didn't give up because now I'm a full-time trader (in cryptocurrency i am a holder at most time), and making a comfortable living, able to live anywhere in the world. If I had to do it again, I would use smaller accounts. I should have just used $200 accounts, not $2000 accounts. Keep your positions small until you know what you're doing and Don't be greedy!

I don't agree that most crypocurrencies are ponzi and scams. For something to be a scam, there needs to be an intent to defraud and deceive. Most people working in the crypto ecosystem don't seem to have this intent, at least I don't see any evidence for this. Some of them are overconfident and naive, but that alone doesn't mean they are acting in bad faith. also I'm convinced the majority of the investors in these ponzi's are fully aware it's a ponzi, But they expect to make money because they assume they are in early.

I think because Bitcoins decentralization is perfect, and it's proof of work that created the ledger is so monumental, it's impossible to imagine another coin that can be a lot better. Further, if a coin can replace bitcoin, then one can argue that crypto-currencies will never gain mass adoption. because if a coin comes out that is better than bitcoin, then another coin can be developed that is better than that one, and so on and so on. No one wants to store their wealth in a crypto-currency that will get replaced with another one eventually.

One big issue with Bitcoin adoption by merchants is that bitcoin is far more volatile than most local currencies. This is why most businesses that accept bitcoin still price their products in local currency and immediately convert received bitcoins to local currency. Further, Bitcoin is money and should be treated as such, But Bitcoin is not yet ready to handle national volumes of trade, and we will need to utilize technologies pegged to Bitcoin.

On the one hand, centralized Exchanges provide higher liquidity and a greater volume of trade. On the other hand, decentralized exchanges only provide the possibility of trading, without storing private information about users. Centralized cryptocurrency exchanges are being managed by one central body and have convenient interface but decentralized exchanges use blockchain technology and have inconvenient interface. Though centralized exchange model has disadvantages still it has some important advantages. Thereby, I think we have a long path to DEX adoption.

In my opinion, as long as price is below $7,300 the bias is for short trades. sellers aim to turn the $7,100 support into resistance and then target $7,000 level. Crossing that shorts will target $6,800. There are signs of bear exhaustion but have not played out yet. On the other hand Buyers are trying to impose a bullish momentum in the very short term. As long as the price remains well above 7,300-7,350 USD longs will be targeting the resistance at 7,450 USD followed by 7,500 USD. most signals given by moving averages are bullish now.

From my experience the biggest benefit to my trading is watching the market all the time. when I have spent days in front of screens then I am much more easily able to make typically more successful short term trades. If I can only glance at the markets a few times a day during working hours my trading goes all wrong. Further, the biggest threat to success in trading is impatience, not waiting for the right trade entry point makes it pointless. You should just wait for the high or low that you're expecting in a pattern and then dive in.

Every traders should have a plan. if you don't have a plan, you will fail, and never jump into a trade blindly. It is not the trade that kills you, it is the size of the trade. So, use leverage carefully. Money Management is the most important though. But you also need to make sure your trading plan will produce profits. One could use money management on a losing strategy and still lose it all, they'd just lose it slower. Also do not trade with a small amount of money. Have at least $2,000-$4,000 before start trading.

It's very small, maybe you will have more dollars at the end if everything go up but you will waste your money in long run. also if you get some profits in a row it's so easy to addict or become greedy and to lose 100% value in a second. However, Don't trade in a bull or bear market. Buy low, hold tight and sell high. That is the only time you should trade. 90% of times you will get burnt if you don't manage your risk properly. You will learn the hard way. Granted you can trade and make a living of that, but it will take time and pain. Becoming stable profitable in trading is so hard and long process, especially with small capital.

I think Bitcoin is too strong and still in control by a few such as Roger ver, Verhees, bitfinex mother company etc, and price manipulation is going wild. They will pump and dump on you, and with the tether fiasco, this space once again is going to be the wild west. Important to remember if the current cryptocurrencies were a solar system, Bitcoin is the sun. All crypto revolves around it. If you control Bitcoin, you control the market, and people are influencing the market for their own gains. Be wise, make choices and strategies that you can live with, and done be the lambo.

I foresee one viable option, money is debt and debt is money. the current fiat system has to go. No more paper value, All bank accounts to zero. no more Mortgage, Loans or other forms of debts, nothing to payback, but then what's your 5 bucks gonna get you? For the only way to eliminate the self imploding debt, is to kill the monetary system. A group of cryptographers named Satoshi Nakamoto, created a emergency exit, BITCOIN. "Let us be rid of the debt, and by the same token, instate a one world currency unit. Then we shall control not only the economy of one country, but the world."

If you have a good chance, Yes Of course. But for longer time I recommend dollar-cost averaging. buy same amount at same intervals. Twice per month is a good one, or monthly for smaller amounts. Further this is the best way for busy people. Most people have job and many other things to do after work so DCA is certainly the most stress free method, problem is you need to do this for a very long period of time and be young. If you’re over 50 years old DCA is not really recommended anymore. That’s why investing as young as possible is the most stress free way to be a millionaire.

The only valid argument I know is that the market expects a rise and gets over bought. thereby on the halving any rise will be reason to sell into and take profits. But in my opinion that is only a temporary sell as over following months the lower new supply will be felt and eventually be reflected in price. So I'm looking for a lot of volatility near the halving and then gradual steady rise some time later.

Don't day trading you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. also Day trading forces you to store your BTC on exchanges which is very dangerous. However you can make a profit with luck But unless you decide to invest the effort in becoming a professional the best advice is not to play, and use the single advantage that you do have that's long time preference and patience over those that are greedy and impatient. when investing in Bitcoin you should always wait at least 3-5 years before taking a profit of wait till the top of the next bull run.

He also said the bear market was about over when it was around the $7,000 mark too and then went quiet when things crashed to $3,200. It's only when there's bullish momentum, people come out of the woodwork and start speaking up. anyway, I think Bitcoin will for sure hit a million but not on the time table. there will be tons of drops and gains. we are still on an increasing trend, and for the upcoming years or so at least I think we will continue to see this increase. Especially with all the money heading towards it.

I think mining hardware's performance grows exponentially every few months. that means the hashrate needed per BTC mined tends to infinity. Miners need to constantly increase the hashrate just to stay in the game, regardless of what the price does. the fact that miners keep staying competitive regardless of the price means miners are long on BTC, and expect the price to increase in the long term. also Miners only get a percentage of mined bitcoins per day, equal to the percentage of hashrate it contributes to the network per day. for a miner to increase it's profits, it needs to increase it's mining hashrate.

The fees are self declared. You can set whatever price you want. on the other hand, miners pick what transactions they will actually mine. They usually pick whoever is paying the most fees. the fees are paid in Satoshi per Byte of blockchain space. You can use the Blockchain.info, Electrum, Jaxx and MultiBit wallets, and you can set the fee to 1 sat/byte if you choose in some of them.

I think the more important aspect for continued bitcoin adoption and longevity will be the low on the the next bubble. the lows have always been higher than the previous lows, generally by 10 times greater. Thereby, if it holds true again, it will be $3,200 in 2018 to $32,000 in 2020-2021. Even the next low will be at a better position than I'm in today, so the promised bubble is irrelevant to my long-term investment, except as an indicator when to stop buying while 90% are starting, then take some profit, and when to resume buying.