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Thing is normal and is anticipated by many people in this industry especially those who's been here for years. The market price of it won't continuously increase in a consistent manner. Chart is the key here; there is a massive overbought above $30k and if it would continue then there could be a collapse between demand and market price. The market price continuously increased from $15k up to Thirty, within three moneths which is not something to hope as sustainable. Correction which happened may be as low as $24k, less, or more; no one knows. So for now, waiting is more advisable. Also, to view this scenario whether positive or negative, depends on you 'coz to most of the investors, this is a good opportunity for them to invest and wait for the bullrun.
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What is your reason why bitcoin should stay in the next 100 years! when the government are worried about it?
Maybe our opinions about bitcoin can give hedge to the government.
I don't give a damn if government are worried about Bitcoin or not, in as much as it remains secure and I could have total control over all my funds, because we all know that the only reason why government hates Bitcoin is simply because of it's decentralized system whereby they have no control over it, and yet it keeps skyrocketing, taking the lead of world's most preferred digital currency, due to the fact that it's borderless, fast and secure compared to our normally used fiat. I hope it never becomes too late when people who sees Bitcoin as scam today realised it was never a scam. Do they still see bitcoin as scam? after hearing and seeing so many people endulge in it and make money through It, they still see it as scam,then I believe they don't have knowledge about it,because if they did,they won't call it scam.If it were to be a scam, Many people who are multi-milloneares today woundnt have gotten to that level they are if they didn' invest in Bitcoin as at that time that it wasn't this great. It is my top most desire to see Bitcoin last forever because I know how I was before,and I know what have changed about me ever since I knew about Bitcoin and started investing in Bitcoin. as long as there is people who are giving value to bitcoin then bitcoi will always last. bitcoin gives opportunities to people who doesn't have much to move forward in life and that's what government cannot give to people, and seeing that opportunity, the government want to seize it and play monopoly since they didn't want others to seize it first or see others using it, or maybe they are the ones greedy and want to use it for themselves aside from worrying about the risks that may come. Bitcoin gives opportunities to people who doesn't have much? How come? Let's be real; investors are the ones who are making use of this industry because a capital is needed in order to move forward in this technology. Indeed there are things which would give you profit if you're an investor but that is not solely with Bitcoin. You may invest a small amount in Bitcoin but never expect high returns so I guess it contradicts the statement "gives to those who doesn't have much". Bitcoin will stay as a profitable asset for the following years as long as countries won't make a move to prohibit its usage. On the other hand, it is not being used as a currency or mode of payment by most of the people and view it as more beneficial as an investment. |
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APE, ALGO, XRP, and ID. Actually, 'twas only this year when I engaged more time to focus on these tokens and somehow, they are creating a more visible pattern whenever I am trading. But in terms of investment plans, theses coins I guess have huge chance to recover once uptrend takes place in this industry. They quite reached high market peices recently before the correction occur. And after the recent decline in this market, these four are already showing and filling the gaps, in which for me is a good indicator to consider a coin good to invest. But since we are talking about Altcoin, only a few would be okay for consistent long term holding, therefore monitoring would still be required to avoid sudden mistakes.
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No specific I guess. But it is Twitter which somewhat gives the latest update in this industry. Instances? Check how Elon's tweets affect the market prices. News on the other hand I guess, would be better if you will follow as much as you can to keep yourself updated. And when it comes on Technical Analysis, indeed news would be a factor on what would you anticipate; bearish or bullish. But TAs are more dependent with the pattern that particular token is forming on its chart. On my end I do only follow some of the news provider online 'coz my TAs are solely dependent with charts and somehow it is still working. My reason is to avoid FOMO 'coz social media platforms are a wild ocean of information so atleast filter what you would digest.
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Would basically open opportunity to investors who missed the recent uptrend. But things won't be as easy as it would sound. No one knows when will the market price again increase or even reach new ATH. Therefore, there would be no assurance of until when will an investor need to hold in order to generate peofit from investing in this industry. The correction which took place recently has no certainty of how low could the price be; based on the chart, the market price continued to increase since last january wherein the price was still $15k. In comparison to its present market value, the price could be lower than its current. Would be in favor of those who earned already to again, invest, but would be a bad thing to those who entered halfway of the uptrend because they's be forced to sell and again enter.
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You make a valid point about the risks of relying on promises and assumptions when making financial decisions. While it's natural to feel excited or hopeful about potential opportunities, it's important to maintain a realistic outlook and plan for contingencies. By adopting a proactive and strategic approach to managing your finances, you can minimize the risks of relying on promises and assumptions and build a more secure financial future.
Harsh reality; easy to assume but difficult to actualize. Remember how we supposed to dream when we were young? The idea of getting rich, married at a certain age but here we are now. Not all people managed to meet their expectations simply because of realization of how do things really happen in real life. Same thing with finances wherein an individual could diversify one's wealth and have it planned for things but there will just be times change would be constant for those plans. Expectations and assumptions will always be there but atleast manage it to a point that you would be open or conscious as well for possible changes whether for the better or just being prepared for the worst. |
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Any amount would do. Having the thoight or even having the courage to spend a dime investing not only to Bitcoin but also with other form of investment should already be something to be proud of. You are not required to go up against other bigger investors in this industry. You just have to bet for your own sake. Any amount will do as long as you would be determined and dedicated to wait for its potential profit but ofcourse things will have limitations; the bigger the investment, larger the profit. So if you think the amount you would invest is not as big as what you actually desire then atleast manage your expectations on the profit potential. But again, what is important is the idealization to invest which can be used over future endeavors.
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Well, solana is a good coin to invest we all know that; its chain became larger than its early years and that is already something to be okay with for this token. Problem are issues on its name. It is being used on nft and other projects which made it on top of majority of cryptos or altcoins. If you are checking for its validity as an investment in this industry, I would personally yes, given that there is a hype which should be enough to sustain the increase on its value in the future. On the other hand, nothing will give you an assured profit on a specific time frame; its market price still is down but for sure this coin would be one to follow the uptrend once the market again, becomes bullish.
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Let's be honest, market do not follow any rules. There is no rule or law that says BTC should reach another ATH next cycle and next after. What if 69K was the maximum it could reach, and for the next years or decades it will be mostly fluctuating between 15k and let's say 40k.
So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.
Some reasons collected so far:
1. "More than 90% of the people in this world has not yet bought bitcoin, do not worry, the adoption is still continuing. You will still see bitcoin at $100000 ane more."
2. "... as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong."
3. "We might see multiple ATH in the future once fiat explode. Bitcoin is the alternative and safe haven for people to escape inflation."
Actually, sky is the limit. One reason is limited supply; if demand would be continuously increasing and given that there is a limited supply of Bitcoin to be mined, then its market value could continue increasing in the future especially if more people will be fond of using this technology as a mode of payment due to its advantages ovet fiat. However, there is indeed a tendency that its price will not again reach the ATH; if this industry will be abandoned by people or governments of many countries for any possible reason such as prohibition due to not being taxed and such. Since demand is affected by many factors we cannot control what will happen 'coz it is a double edged sword. If we can't control its price going up, then same thing as it falls, bottomline is, demand will be the determinant of its value whether it is going up or down. |
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He has plans for sure. We can think of possibilities such as the wallet have been forgotten, or lost and just recently found, and such. Diversification as well could be a possibility but bottomline is, we won't know unless the individual would introduce him/herself discussing what will he do and answering our why's. Ten years is a long interval and what we should be emphasizing is the length of time a huge amount was held 'coz if I were him, I have probably sold it on previous ATHs 'coz no one would expect corrections or higher market values or simply jo one has full control of the market price movement right? We just have our own reasons from doing things whether it is against the norm or not. |
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Assumptions are simply opinions and given that there's no certainty of how will the market behave in general, it wouldn't be advisable to rely on such speculations especially with your investment decisions. Bullish marjet is more assumed to occur next year because of the anticipated halving. It just happened that early this year, an increase occured which quite built a hype to the investors to expect an early uptrend but right now, a correction have occured which surprised them. Best thing to do is to wait for things to calm a bit than to go up against the flow of the market. No one knows when will it exactly occur so atleast be patient for now; that's the best thing to do.
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Here I will say that this is just a bit of reality based on what I have seen from my relatives, They retired after completing 60yrs of service in the government, let's say that they will get a large retirement pay, and let's say that they will set up a business and house depending on the payment to be received in retirement. I think they will not be able to enjoy whatever business or property they buy because they are old. But anyway, of course it's their choice and we have no rights to say that their decision is wrong.
This is also true in our country as most people really don't have that choice to retire early since it is really hard to earn and save consistently in this kind of economy. But, I think, it takes good planning and discipline towards ourselves that would let us have a choice on retirement age. But, the sad reality for majority is that they have no choice but to work their whole life since financial planning isn't the strong suit of majority here leaving them no plans for things like retirement. Solution is making use of the retirement fee, efficiently and wisely. Invest it to a business which has low risk such as grocery store and such, in order to keep the flow of money going. Depending on the money to be earned from retirement would end up in a mess for sure especially if it is not the retired employee who would make use of it; therefore that won't be sufficient. But if things will be used with plans and restrictions, a huge amount could be enough to generate another income. But regarding early retirement, indeed mist of the people have no choice but to continue working oneself until that ceiling age unless they would be able to save money during their days as an employee to achieve esrly retirement. |
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Nothing controls the market price other than demand fromd the majority. Well, if some people would point out whales or large investors in particular with 'waves' on the market price, that is just temporary or short manipulation. The continuous movement in the market value depends on the interest and investment actions of people in this industry. What contributes to demand are factors such as news and beliefs such as with patterns or cycles in this industry. Bitcoin price is form when demand and supply meets,Bitcoin is a digital currency that is perfectly work online as a means of payment and also trading and investment as it applies, Bitcoin does not have a central authority. The bitcoin network is peer-to-peer, without central servers. The network also has no central storage, Bitcoin price is controlled by supply and demand, obviously, it is controlled by the action of people setting up buy demands and sell pressures. Cryptocurrency is not controlled by anyone
The size of the network or chain just determine how huge the community is of a crypto. But other than that, there's no such thing other than demand, which controls or even affects the market price movement of not only Bitcoin but all cryptocurrencies. A domino effect is the pattern which would explain it all as characterized by demand and supply in this industry in general. |
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No need to panic; definitely a part of its correction process. As we can observe its market price continuously increased from $15k early in january up until $31k. How low would it go? No one knows for sure so better manage the risk involved. You may set a stop loss if you are too worried or just let things be. There is a high tendency that the market price will again increase and the only things we should do are to be patient and firm with what is happening in this market. An investor could also take partial exist and wait for the 'bottom: to somewhat make their funds more efficient, problem in this case is to be left behind once a huge wave occurs in its value. So better be careful.
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Definitely; realistic with the returns as well as risk involved. Some people are just becoming unrealistic with what they are engaging themselves with. Some people tend to overlook the profit and disregard the risk especially to a volatile asset such as cryptocurrency. This industry left an impression to some that profit is easily earned but in fact, there's no such thing as easy money in any field of investment. In crypto industry, there are no certainties with the market prices; a downfall could take plase as frequent as with the pumps on its price. And if things won't be managed in particular with the risk, an action could be done in an instant which could either result to profit or losses.
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Knowledge and experience. Knowledge won't mean nothing if it won't be in line with experience. Some people learn more through experience but most of the time, textbook knowledge is less effective than with actual knowledge wherein an individual would be able to apply the things he learned; quite of a trial and error. Given that Bitcoin promotes no certainty and consistency, an investor should have both experience and knowledge. Would be more of a practical vs technical point of view. One good example I guess is with business in general; sure thing an individual could read a lot of books but things work differently on the actual simply because there are many underlying factors affecting the outcome.
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Social media platforms like telegram, twitter, facebook and etc does have a great impact not only for the hunters but especially with the investors. That helps the project to disseminate information about their roadmap and plans for the next years to come. Investing on a project is a risky thing so the information you can get on every coin or token will help you or other investors to decide if that project itself is promising and also worth to take risk of. Lastly, social media platforms helps the investors to have an updates, news and announcement about the progress of a certain project, it'll help them to understand the flow of their plans for the future and on how they can execute that plan.
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I don't invest money easily in any asset because of fear of losing that money. i think of investing 80% of total savings.
do taking risk is important or not?
please quote all question and answer it's very helpful for me and others.
taking risks is important but if investing 80% of your total savings is very risky in my opinion you should have an emergency fund before investing in my opinion 30% is enough for you to invest you also have to think ahead before you invest and have to think about all the risks that exists because investing is not always profitable stay safe. Investment means taking the risk. No investment will give you an assurance of profit; it will always be present. Managing the risk is simply being aware of the amount you are ready to engage with, having the idea of letting go if incase things won't happen as expected. If you are scared to the negative outcome then investment should not be an option on your end 'coz you'd more likely end up with regrets or hasty decision. Meaning, loss is more likely the result than profit. In order to lessen this feeling, try investing first on the knowledge or knowing where you are engaging yourself and money with. Investors who won big time did not achieve such thing without suffering from loss. They made the sacrifice which gave them fruitful outcome. |
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Imagine if the market price would continuously increase, more likely the economy in this industry would collapse, given that there is a limited supply of its token to be mined. Corrections occur in order to balance things out before bull trend and after the uptrend. Every asset has its downfall in terms of market price. It is just that the market value of Bitcoin is more volatile than others. A collapse occured after reaching its ATH. Given that the market prices depend on the demand, there's this thing called accumulation stage which contributes to the market price and demand before another bull run occur. Unfortunate to some but we should embrace this industry's nature.
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Never advisable to invest or to put it only in one bucket. Would be better to diversify it so if incase things happen against your expectations, atleast other tokens could compensate what you have lost. But if you are too eager for such investment plan, go for what would give you less risk; Bitcoin or Ethereum. These two are the leading cryptos in this industry so if it is just assurance or let us say bigger chance to recover from every market price downfall, then these two would really be good options. In the long run, their market prices have been increasing in a continuous manner but not consistent ofcourse. But at the least, these are the tokens which follows the trend before other cryptos.
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