If youtube videos are to go by, one would assume that bitcoin might reach even 50k by 2020 but then the reality since we are part of the forum we all know that the growth would not be exponential but incremental. And even if the price goes 50k for some reason then its almost guaranteed to come down to an average number soon.
That same thing happened when bitcoin peaked at 20k people never knew what was the exact reason for such a exponential growth and later it proved that it was just a bubble but yeah every time such abnormal growth happens, there is always a higher average than before for the rest of the year.
A YouTube video should never be the basis for any prediction about the price of bitcoin we know that those kind of channels are not really trying to predict the price of bitcoin what they are trying to do is to bring subscribers to their channel and the only way to do that is to give the highest and the most outrageous predictions about the market, so they are going to try to paint a very positive outlook for the future of bitcoin and while people like us do not have to be convinced about that we know that they are exaggerating their predictions. |
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I dont think there is any trader right now who havent lost at least part of his money to the volatility and manipulation of the market. People are more careful now and wont invest in anything as they were 2 years ago.
I have earned my crypto and traded. I guess I may have lost more than 30% of what I earned in these many years.
That is still pretty good if you ask me, many traders think that in order to be profitable in the markets you need to be incredibly effective with your wins and your losses and that is not accurate, as long as you can be profitable over the long term a few short term losses do not mean anything, and in fact I am in a similar situation to you, currently I have lost about 28% of the highest point my capital reached but since I am still in profits I am not worried. If you think that the system you are following is effective enough to keep you hold your assets, and you are willingly take the long path from this market the chance that you can recover those percentage which you are losing right now are still possible. It's a matter how you desire to continue moving forward and not to rush things out and make a mistake for your quick decision making. Most people believe that what they are doing will eventually give them profits the difference is that I know that what I'm doing will eventually give me profits because I have tested my system over and over again in many different markets until I was completely convinced that what I was seeing was not the result of chance or some fake pattern that I was seeing, the only thing that I need to do is to keep holding my coins until the point my strategy tells me otherwise. |
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Their efforts have been in fact stopped and it was so easy that is laughable, many do not consider the decentralization of bitcoin as essential but if it was not for it then governments could have shutdown bitcoin whenever they want it, decentralization is what it is protecting bitcoin and it is the main weak point of Facebook, it does not matter that it is one of the most powerful companies around the world, all its power is centralized in a few people and they can be easily intimidated or bribed if needed.
Did you trusted with Libra coin become profitable after launching to public? will available Libra get legal access from United State where hate with crypto world and have negative side with Libra, maybe we only wait and see at the next year what happen with Libra coin become profitable and keep launching to public or not before investing with Libra coin. The Libra project in a sense was never going to be profitable for those that invest in it because it was going to be a stable coin and as we know those coins are designed in such a way to be stable and to not move that much compared to the rest of the coins in the market, what Facebook was trying to achieve was to become something closer to a bank and have very specific information about what people were doing with their money, which for a company like Facebook that was extremely valuable information. |
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The Italian Minister Council continues to wage its war on cash, with the latest ratification lowering the maximum allowed amount for cash payments. This could lead to the rise of Bitcoin in the country.
The current officials are cracking down on cash usage and have lowered the maximum threshold for cash payments from €3,000 to €2,000 starting 2020 and 1,000 Euros onward from 2022.Click here for the full newsTo all Italian crypto enthusiasts here, are you in favor with this or not? It seems that the prime minister of Italy is now in favor of cashless payments than spending paper bills in various products and services. I also like his idea that companies who are operating in Italy are penalized if they do not accept credit or debit card as mode of payments for their customers. One thing that Italy should solve is those who are “unbanked”. Of course, not all Italians have a bank account or qualified to have a credit card. Enter Bitcoin and other cryptocurrencies. I think this is a baby step towards full cashless society, and I strongly believe that Bitcoin and other cryptocurrencies will also be part in their future system. What do you guys think about this? Is this a great idea for Italy’s future? Should they be a great example to other countries who needs to transition from cash to cashless? This is yet another sign of what governments and banks really want from you, they want to know every single thing that you do with your money and they are not going to stop until they do, fortunately for us bitcoin already exist and it has been in the market for more than 10 years and while we are still a minority I have no doubts that in the future people are going to realize the horrible system that has been put in place and they will eventually reject it. |
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sorry but i dont agree with you . i always based on the current value of a coin before i do prediction , i forgot that i also based on its performance . on the past two year course btc is performing badly and its value didnt even break the 10k limit at most , and with that said , i dont think that itll reach 100k usd not even 50k usd but if ever its performance change , why not ? when btc slowly reach ath's and reach 100k usd up to 500k usd then i can assume that 1m usd is also possile .
Again . this is only speculation. everybody can make their's analyze and argument. so if we back to 1 decade ago , when 1 bitcoin is only valued bellow $1, does anybody think that will be almost $20.000 in 2017 ?  . let's see how the bitcoin rising their ATH again. On a negative side when price was $20k nobody would have though that price would be dropped to less than the half of it in future. So no matter what we think and do, unless there are some big buyers who invest millions and billions into bitcoins the price is not expected to jump too much. Yes, there will always be a continual small growth in bitcoins because of the new users knowing about bitcoins and acquiring more bitcoins and hence growth but a bigger growth can only be seen either big whales buy-in or there are some historical decisions taken like a country would legalize bitcoin or something like that. I remember those days as well and there was almost no one that was warning about the possibility of bitcoin being in the middle of a bubble and that the price could crash, everyone was incredibly positive about the market outlook and they believed that the market could only go up, but we know that no matter what kind of asset we are talking about we still have to respect basic market rules and it is impossible for any asset to always go up in value and predictably the price began to crash after there were no more buyers for bitcoin in the market. |
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Yes i agree there so many altcoins and most of them are not doing nothing that can bring attention and people to invest on them, are here just to take some fraction of whole crypto market.
If most coins were actually trying to do that then things will not be as bad as they are, thousands of coins trying to have a larger share of the market will be good for us because that will increase the competition and it will surely bring us better coins, but what we see in the market is a bunch of scammers that do not really care about that and they are only interested in raising as much money as possible through their ico or ieo and then disappearing with that money. |
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Any trader with at least some experiences knows that trading without losses isn't possible. You can try to diminish losses and to have good straregy how to recover but sooner or later you will have to face the loss. There is no investment at all that doesn't have at least some risk and that always brings only profit. So, don't dream but face the reality. To face the loss isn't a tragedy, it's a tragedy if you don't learn anything from that.
That kind of thinking is what gets newbies in huge problems, they believe that there is somehow a magic formula that can make them get huge profits in the market without losing money and a few of them could be lucky enough to get a few wins without any losses and they may believe that they have found such formula, but then when the market goes against them instead of selling their coins and accepting a small loss they keep holding refusing to acknowledge that they made a mistake and that is when they experience huge losses. Beside of luck, sometime new people think trading is simple as you buy and you sell, if down you hold like what you said that they keep holding until they get huge lose. Maybe if trader really learn first, i think there are a lot of strategy to face dumped price either in this forum or in other information website about trading. An experimented trader could publish his strategy in the forum and give his reasons about why his strategy is the way it is and explain in a very detailed way why you can make money with his strategy and I still think that people are not going to follow his advice, people by nature are very lazy and they do not want to learn and make all the necessary efforts in order to succeed and until they change that attitude they are never going to make any profits. |
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let alone you, who said as if giving a warning to people to think that bitcoin is no longer good to have. a JP Morgan one of the influential people at Crypto, he once said that Bitcoin is not good to have. after a few years after that incident do you know what happened? Bitcoin is still alive today. so I think if someone says that it's only part of his FUD so he can buy a lot of Bitcoin when prices start to fall.
Lots of them which is bearish towards bitcoin in the past becomes a supporter of it. Perma-bears is always there but we wouldnt know if they are accumulating underground. We cant really deny when it comes to its potential.We know its benefits and the tech behind this coin which do eases up when it comes to transaction speed and on being decentralized. Im not surprised that there would always be criticism towards it but the community do know on what are the steps to be taken towards btc investment. In the past years we have had many traditional investors, banks and even governments saying that cryptocurrencies were not going to last, that they were completely flawed and that only their coins will remain in the future, but after a few years it seems that they are realizing that big mistake they have made by underestimating bitcoin and cryptocurrencies in general but unfortunately for them they cannot go back to the past and change their attitude towards bitcoin and try to destroy it when they had the chance. |
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The ICO was just in time since 2017. And the IEO exploded in mid-2018 when I also gained quite a bit from IEO on Binance and other major exchanges. But by the end of 2019, IEO was no longer my choice
IEO hype is gradually decreasing as days goes by yet weve seen on how low the possibility on making profits on investing to these projects.Im aint saying that it isnt good but the returns arent really that attractable.Hence, launching of IEO's do happen for some quite time which wouldnt really be that an ideal to wait from time to time. ICO nowadays are pure trash and theres no reason for you to jump in once again due to lots of scammy projects. After icos we had ieos and I'm sure that in a few years were going to have something else and people are going to get hyped about it and a few lucky investors are going to make huge profits but the rest like always are going to lose their money, eventually the market runs out of fools to scam and that is why those forms of raising money are abandoned because no one is willing to lose money in those kind of investments anymore, that should be obvious by now but people keep investing in those type of projects. |
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+1 for tradingviews ideas. I've been lucky enough to avoid crashes and ride bull waves because of the indicators "experts" share on tradingview. Some may say it's poor strategy to simply rely on other people's opinions but when you don't have enough time to learn how to be a trading genius, reading lots of opinions from other people may be enough to save you from ruin. I am glad that this has saved you from losing your money but it is a poor strategy and at some point it is going to stop working and you are going to lament not putting the necessary time to learn how to trade by yourself, it is really important that you do not rely on anyone else to understand the markets, this is not about ego this about your capabilities and your ability to take the right decision at the right time, if you don't have that eventually you will lose everything that you have. |
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There are not many merchants globally that are accepting crypto as payment option. Moreover, use of crypto is also ban in many countries (for example China) and in such areas people are HODLing Bitcoin just from investment point of view as they dont have any option to use it. I guess as acceptance for bitcoin will increase we will see more transactions of crypto. Basically the term underutilizing bitcoin could be the primary reason why these countries mainly ban these cryptocurrencies. Let say, if the citizens aren't using bitcoin responsibly, such as always gambling, buying illegal items, (In which I highly consider as underutilization of bitcoin or using it in a negative way) it could lead to the government taking actions to prevent further harm to their people and especially to their monetary system or in their economy. To avoid these, we should start to be responsible for our selves first and apply good principles that we could share so others could be responsible as well. Any form of money is just a tool, trying to blame the tool for what people are doing with it is senseless and governments know that, but they do not mind that because they can use that as an excuse to try to regulate bitcoin but unfortunately for them it doesn't matter what they do bitcoin is never going to bend to their rules and eventually they are going to need to accept it as a legitimate form of currency, it is understandable that some people are mad that more people are not using bitcoin as a currency and are just speculating with it but it makes complete sense, the best use for bitcoin right now is as a speculative asset and that is also one of the functions of currencies. |
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Investing what you can afford to lose is not the solution, we all know that scammers are everywhere in crypto space now, if you invest in ten different projects with the amount you can afford to lose and only one or two is successful its still doesn't make sense, its like throwing away money
I completely agree with this, people always talk about the money that you can afford to lose, but that is completely false no one can afford to lose anything, you are not in this market to lose money we are here to earn money and it is simply not acceptable that the majority of the projects in the market are scams or project without any future, as such some time ago I took a decision that doesn't really satisfy me but it is the only way to protect myself fully from scammers and that is to avoid investing in any new project. |
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Actually, the most people are not really interested in cryptocurrency itself, they are interested in getting profit. In 2017 we saw a great altcoin season when all the coins were growing which attracted many people to the cryptocurrency market. As we are in the downtrend at the moment, people are trying to earn money in other ways.
Without a doubt that is an issue, this market has gained the reputation of being great for those that like to speculate in a highly volatile market and while this is great for traders this is not really what businesses and what the average person is looking for, they are looking for a currency that is relatively stable that can be used to buy all kind of products and if we are honest with ourselves bitcoin is not there yet but I think that at some point in the future we'll get to that point. right, bitcoin even though it has a big idea, but has not been able to be applied to the current conditions. but in its development of digital assets this is a good gold to invest. although prices tend to fluctuate, but I think it is safe for long-term investment We are going to eventually get there but it is not going to be easy, governments are not going to accept that easily that bitcoin is used for all kind of transactions, for the time being they are not banning bitcoin because they think it is not really a threat to the system that they had put in place but when that changes you can be sure that things will change very rapidly, and that will be the greatest test for bitcoin because many companies and businesses are going to drop bitcoin as a form of payment and only the ones that really believe in it will keep using it. |
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As we all know , crypto market is not doing so much in these days. Major Altcoins are bleeding, even top currencies are not increasing
Major reason according to my opinion is the lack of new investors. New investors are not showing interest.
in 2020 I think will be better than Today. What do you think, what is your prediction about crypto market. kindly share your thought.
I think the first question that comes to my mind is why investors should show any interest in investing in altcoins? Investors are not dumb, they can see what happened in the market of cryptocurrencies a few years ago, most of the growth that we had in the altcoin market was the product of nothing but hype, most of the coins that were supposed to become the new leaders of this market and to bring adoption all over the world failed on their goals and many disappeared, which rational investor will want to invest in altcoins ever again? |
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This is really weird and unimaginable I'm glad that they are not thinking of doing this here in our country, this is the first time I read that, what could be the consequences of this, but it's punishing the people because if one family will be building a house and yet you cannot transact with cash how they are going to complete that, or they want to promote the use of cards, I don't know where will this lead and how will their people cope with this.
This is without a doubt an obvious attempt to try to restrict what you do with your money, as long as you obtained your money in a legal way a government should have no reason to stop whatever you are doing and yet that is not what we see, governments want to regulate everything that you do with your life and one of the easiest ways in which they can achieve this goal is by regulating everything that you do with your money and one very obvious step is to limit what you can do with your cash. |
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Everything passes and this will pass! (King Solomon)
The crypto is already in the present and undoubtedly the future quantum science!
I personally believe that crypto will continue to evolve over time and we can still benefit from cryptocurrency though. Maybe right now crypto is just in the phase where we want to go and leave cryptocurrency, but stay calm and take your decision with confidence and don't use emotion to make decisions. Observe every possibility that can produce good results and start making decisions based on your observations. . Bitcoin is in a critical state not because something wrong is happening to it but because the number of people adopting cryptocurrencies is not as high as we expect, most people are not realizing the great advantages that a cryptocurrency like bitcoin can bring, and I'm beginning to think that they are not going to understand why we need bitcoin until something terrible happens to most fiat currencies around the world, this will happen sooner or later so we only need to wait for it to happen for the adoption of bitcoin to skyrocket. |
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In addition to the method of investing and which methods for beginners to choose, it would be much more important to study the realities of accepting cryptocurrencies in your country. It would seem that cryptocurrencies remove all sorts of restrictions on the location of the investor, but this is not so, because many exchanges or crypto services simply do not serve a number of countries. It is also much more important to choose a reliable wallet than an exchange. Because you should never leave money on the exchange. The idea of investing a certain amount in coins every month or week is a great strategy, but there are really many factors to consider so as not to lose everything
By the way, choosing a wallet is not a joke, most of the cryptocurrency losses occurred due to the loss of access to the wallet, the incorrect address for the transaction. Cryptocurrencies make us responsible for our income. This will be a novelty for many when I'm used to the bank checking all operations for you Cryptocurrencies do not guarantee a steady income even for experienced traders. Cryptocurrencies do not guarantee even experienced traders a steady income. In addition, now the conditions have changed and you can not drop in on a fast train to increase sales of Bitcoin or another coin. Nowadays, when countries are active in the settlement process, cryptocurrencies will become more frequently used, but the number of systems for speculation will be reduced many times No market has ever offered any kind of guarantee that you are going to make profits, such thing is impossible, you are competing against other traders and they do not want you to make profits because if you do then that means that some of them have to sustain losses, it is just basic logic if you want to win then you need to be way above your competition, if you are not then you're going to be one of the many traders that loses money in this market and never understands why. |
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Well it's their problem. People should've learned from 2018 already. It's getting yourself too hyped over btc's movement at a certain point could be very costly in the short run. It seems that the 4th quarter of the year always has a surprise for us. We just don't know if it's a good or a bad one. I don't doubt that 10k can be achieved. We just don't know when and what would cause it. It could be caused by a sudden event or we can gradually get there in time. I'd prefer the latter.
People like that never really learn because what happens to them is that after they lose their money by investing in bitcoin they decide that they want to get the money that they have lost immediately and they invest in altcoins, and as you may guess instead of recovering the money that they have lost they lose whatever they had left and instead of admitting that they made a mistake it is way easier to blame the market for what happened to them never learning their lesson in this process. |
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While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power.
If Facebook want to go ahead with the Libra project, then no one can stop them from doing that. But some of the recent statements from Mark Zuckerberg and David Marcus are creating doubt in the minds of those who intended to use this currency. Zuckerberg leaped in to cryptocurrency market without studying the market in detail. He wanted to use the hype surrounding the cryptocurrency to prop up Facebook. But things turned out to be more difficult than what he expected. I have a feeling that right now he is looking for a honorable exit from this project. Their efforts have been in fact stopped and it was so easy that is laughable, many do not consider the decentralization of bitcoin as essential but if it was not for it then governments could have shutdown bitcoin whenever they want it, decentralization is what it is protecting bitcoin and it is the main weak point of Facebook, it does not matter that it is one of the most powerful companies around the world, all its power is centralized in a few people and they can be easily intimidated or bribed if needed. |
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I hope there will crypto pump like the year 2017, maybe after halving it could have happened, but could also not. Only the market will talk later. But I still have hope that Crypto will boom. Yes a lot of speculation about this all, if you believe that crypto will boom again later, yeah better we are preparing from now to hoard bitcoin.
You are not alone, everyone is hoping that the bull run in 2017 will again happen in the years to come, or next year if its possible. however, the biggest development that can occur in crypto is 2020. it has the potential to make crypto prices back to 2017. but, don't expect too much, even when it's not like 2017, I'm sure cryptocurrency will be popular again in 2020 -2021. I do not know 2020 seems to me like one of those years that will be full of fears, frustrations and hopes and at the end not much will happen, the bulls are trying once again to make the price to go up but most likely they will fail but the bears do not have the strength to make the market to go down and I think that what we are seeing at the end of this year is going to be something similar to what it will happen during 2020, in my opinion if what you are looking is a performance similar to what we saw in 2017 then 2021 should be the most likely candidate. |
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