Latest posts of: Wysi

Even I had similar expectation based on past Christmas record of Bitcoin but it surprised us this year and it's rallying towards $30k now. I don't think there would be a correction phase anytime sooner, bitcoin is receiving more institutional investment which would only surge value of Bitcoin.

I think you have no idea about Bitcoin, I would suggest you to check the Bitcoin's history then you will realise who is wrong. What if Bitcoin reaches $50k? When Bitcoin was new there would have been many users liek you who would have called people crazy for investing into Bitcoin even when it was $100, but now will you be able to buy Bitcoin for same $100? Do proper research before using strong words.

I would say you made a right decision if you don't want to risk but you could have set a target to sell when Bitcoin drops more than $1000 and by this way your loss will be lesser bt if the value of Bitcoin increases further then your profit will be more. Anyways, you made a wise decision if you don't wanna risk and I think possibilities of bitcoin dropping down to $6000 again is something which I don't think might happen in near future.

Bitcoin has really changed my standard of living to a better one as it has provided a good amount of profit during 2017 as well as I had certain amount of bitcoin in my blockchain wallet which I forgot for long time and when I realised it the value of Bitcoin was almost 700% more than what I had in my wallet in 2015/2016 which was really helpful at the difficult moments of my life.

I would like make it clear that regardless of fluctuations Bitcoin is future and it will not die, please ignore FUDs as they are created either out of jealousy or foolishness.

Ripple's rise was due to spark airdrop and if you would have noticed that the value started to crumble post 12th December and it would be tough time for investors who were HODling ripple post 2018 bearish market as well as those who invested after the sudden surge due to spark airdrop. Most of the Ripple's investment will be transferred to Bitcoin as it's bullish and people can't think of any other option during this difficult situation. If other exchanges follow footstep of coinbase it would be worse for Ripple and investors.

Quote from: Upgrade00 on December 28, 2020, 07:40:00 PM

Quote from: Wysi on December 28, 2020, 06:51:42 PM

If you are looking for short term gain then give it a second thought.

I call this 'chasing a bull run'. Some people would wait through the bear market, but attempt to buy in when the price is already picking up momentum and we are looking to get into a bull run. It's very risky and one can easily lose money trying this. If you jump in too early you could find yourself at the top of a spike (not the bottom of a rally) such as what we experienced multiple times in the last months, and if you wait too long you could miss the bull run completely.

The best time to buy is during a dip, the second best time is whenever you are convinced of it. Just make sure you're investing amounts you can afford to lose.

I got your point and that's what I am trying to portray here as the Bitcoin market is already at peak of bullrun and it's too risky for new investment unless it's from an institution. What concerns me more than the market situation is the random posts speculating bitcoin to reach over $100k without any logic or reasoning behind their post.

I agree with your statement as it won't be much profitable for us to invest into bitcoin at this point of time, because we have already missed the days when we should have invested. Long term investors could still go ahead with buying bitcoin, for average users like us we need to think logically and do our research rather than investing due to FOMO which is driving many to invest.

We might come across so many users posting unrealistic predictions about Bitcoin. We have already witnessed this during December 2017, so please be more cautious than ever before you invest into bitcoin by doing your own research and if you are ready for a long term investment then you may think of investing so that even during worst case situation you will get back your returns just like those invested during last peak and hodled it got it now. If you are looking for short term gain then give it a second thought.

I am sorry if you find my response bit rude but I want to know on what basis you think Bitcoin will this random figure ? I know Bitcoin is going crazy and unstoppable but isn't it too early to predict such a huge figure? We saw similar predictions in December 2017. Let's not complicate things but posting just for the sake of post count.

Ultimately it's the whales who will emerge as winners and moreover most of the users don't aim for long run as they need money to meet their daily needs, big investors uses this opportunity by causing minor fluctuations and buy back from panic sellers before Bitcoin goes to new ATH.

We cannot blame anyone in this situation as everyone wants their investment to be profitable which is not possible as somebody's loss is other person's gain here especially between average users, traders and whales.

Illogical, do some proper research before posting unreal stuffs like this. Bitcoin has been there before stable coins and most of us use USD to calculate bitcoin and SEC axing the stable coins will only shift more funds towards Bitcoin like it did when Ripple was sued. Please do not start with unreal negative posts atleast when Bitcoin is on bullrun. SEC cannot do much to bitcoin.

Bitcoin is at its peak till date and even I don't think there will be any drop below $20k atleast for couple of weeks but still cannot guarantee as its just my opinion and it's hard to predict anything since Bitcoin and crypto are highly volatile. As the moment bitcoin is receiving so many new investment from institutions and new players who could invest in the past or missed last bullrun. I don't think we will see Bitcoin below $20k anytime sooner.

This was expected to take place when we have forgotten the basics of bitcoin and using it just as a mere investment liek any other stock trading. The purpose for creation of Bitcoin has long being replaced by investment opportunity and central banks will do everything to ensure they are they one who gets the profit at the end. Buying mining farms is just the beginning.

Yes, we are at step 2 but I feel there has been investment from institutions already which helped bitcoin to cross the barrier of $15k when it was struggling for long time. Your article reflects the positive side wherein we also need to consider what could go worse like countries banning Bitcoin, institutions cashing out.

Bitcoin has just proved that it's unpredictable by going against its trend of bearish market during Christmas week. This year it has been exactly opposite than the past and when it comes to market correction I believe it has already taken place when bitcoin dropped down to $17k approx this week but this doesn't make bitcoin immune from further market corrections. We cannot predict much now apart from assuming bitcoin will go more bullish.

Indeed this is a great achievement, initially I thought Bitcoin will reach $15k by th end of the year then it crossed 15k much earlier and I had targets of $20k & $25k for the end of the year based on my market research but Bitcoin didn't fail to surprise me and yes there are new investment flowing in, this recent pump will pool in more investment. I am sure Bitcoin might cross $50k this time.

It sounds easy and possible but practically it's really difficult because it all the investors are in for long term investment but rather they look for periodic returns. Especially during last bear market the value of Bitcoin fell so drastically that users started assuming it would go to zero and we had so many negative articles about Bitcoin which made it really difficult to hold on to bitcoin at that time. Now people will not repeat same mistake and kudos to those who managed to hold on tot their investment during bearish market.

Appreciate your efforts, I hope the article you have shared with your boss about Bitcoin covers both the positive and negative sides of bitcoin's, accepting payments in terms of bitcoin is really good until you convert the received payment into a stable coin to avoid fluctuations.

It's hard to predict bitcoin's price nowadays and it's much more harder to predict for Christmas time as Bitcoin and Christmas doesn't gel well. I think if Bitcoin manages to provide strong resistance this year then next year bitcoin will trend atleast above $30k.

Expectations will be running high if Bitcoin stays above $24k till the end of the year.

There is a undeniable correlation between bitcoin and altcoin's price as whenever the is an increase in the value of Bitcoin, value of atlcoin increases (sometimes this doesn't happen) but fluctuations altcoins price does not affect bitcoin's price rather sometimes altcoins lose their investment to bitcoin when the value of Bitcoin surges and altcoin doesn't.