Steam dropped bitcoin support citing "high volatility" as a motive. When amazon stock jumped from $18 to $1,200 over a period of years, was this high volatility a bad thing? If bitcoin's value increases from $6,000 to $16,000 over a period of months, and HODL'ers benefit, this high volatility is bad? Where does the idea of high volatility being an unnecessary evil come from? Are there good arguments or evidence which support the concept of high volatility being a negative circumstance? In a sense, volatility simply means the price of something moves a lot, its not that bad if the vast majority of motion is in an upward direction?  The reason why high volatility is bad for cryptocurrency and not stocks is because cryptocurrencies are made with the intent of being means of paymeny hence the word currency. Stock on the other hand, such as amazon, are investments and not being exchanged for goods or services. The reason companies cite volatility as an issue is because if they accepted bitcoin as a payment for a product, the coins might be worth less a day after they accepted them. |
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I dont think that the illicit activity that bitcoin is used for will end bitcoin. Bitcoin wasnt made to with the intent of being used for illicit activity it was made to solve the problem on centralized currency. With this being said you could apply the same logic to guns. Guns are constantly being used to kill people in the U.S, but that is not their only use so you cant entirely blame guns for murder.
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I dont think its legit at all so i wouldnt recommend it. Theres a lot of free trading guides and tutorials out there so theres not need to pay someone to teach you. Most of these so called gurus will try to convince you that they have a secret method that will make you a lot of money and that their tool is invaluable when in reality theyr probably poor or middle class themselves.
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Though I do not like daily trading but I suggest a tip that can gives 10 to 15% weekly ,
Every sunday market become red , every monday turns green. If you look it closely you will find between sundy & monday market 10 to 15% change. SO try to catch the price to gain a risk free decent profit.
ive noticed that the markets are more active on mondays as well but i feel like during a bear market the prices could go even lower on a monday. I could be wrong so ill take more notice of the markets during the weekends and the first day of the work week. |
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This is advice that every new investor to follow and its something that i eventually learned overtime through many mistakes. Learning not to panic sell and fomo is something that has saved me a lot of money and for every new investor to learn this theyr gonna have to experience a generally big crash followed by a long bear market. Once thats over, the urge to panic sell will dissipate.
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The whole point of USDT is to mimic the us dollar so what your doing is almost the same as cashing out or moving toward fiat. USDT is the solution exchanges provided for people to move money into fiat without having the exchange having to deal with all the regulations that come with USD.
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I don't think that bitcoin will be the future of money, it's just a big financial pyramid, nothing more. Sooner or later it will die,unfortunately
I agree that bitcoin wont be the future of money but i dont think itll die out. Bitcoin and currencies will always have a use case some of which exist right now. In many countries where their currency is useless bitcoin has become a convenient way for the people of those countries to purchase what they need. Furthermore, bitcoin and other cryptos will always have their use in the illicit markets. The possible anonymity that they provide is very useful for people selling/buying illegal things. |
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If we get past this bear trend i think we can easily reach 20k again and possible even 30k and beyond. Everytime bitcoin or crypto in general experiences one of these crashes the prices always recover and shoot up to new heights. The only real question is how long will it take? It could last several years like the crash after bitcoin hit 1k or it could just be several months.
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Hi. Just wanted to know u guys opinion of do the day trading and hold. Thank you in advance.
I prefer to hold than daily trading because if you apply daily trading every day then you could possibly be stuck at a very expensive price and will get a very not maximal profit. This is exactly how i feel as well. I always tell myself that im missing out on money or that i can increase my stack of coins if i just buy the dip and sell the high for the day. In reality if i applied this everyday i will either not increase my stack or be at loss because all it takes is one time for the pirces to drastically change and then im stuck in a position im not comfortable in. |
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When i daily trade, which is quite rare, i tend to look at the peaks and values of the coins for the day and the percent change between the peaks. If the coin drops the a a certain percentage ill buy because i know there will be a small rebound. Then i rinse and repeat until it stops working.
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The first rule of investing is to not put in more money than you can loose. If i were i would put aside a little of bit extra money at the end of each month and use that towards investing. Second of all, you need to be aware of all the fud. People will try to spread "fake news" in an attempt to either make you panic sell or panic buy. Lastly, dont panic if things do not go your way. If prices crash and your still holding, dont panic sell just hold through the downturn. If prices skyrocket and you did not buy in time dont fomo in because prices can crash shortly after you buy.
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Those who made a significant amount of money from crypto ($20k+) what are are you doing with your money now? - Did you go and buy something nice such a car or some fancy watch?
- Are you reinvesting your profits into something else?
- Are you paying off student loans or any other loans?
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Bitcointalk Username: Sinecoin
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Most markets have bubbles and crashes at some point. Stock markets, housing markets, cryptocurrency markets, and many others have these same patterns. The US stock market is past due for a recession, but I don’t know if that is considered the same as a bubble. I do think Bitcoin was in a bubble at the end of last year but I believe it popped and it is in recovery.
I dont believe the bitcoin/crypto bubble has popped just yet. We've had many correction periods that lasted a few months but after those are over we always experience periods of significant growth. i think when the bubble finally pops, we'll experience year long recessions where the prices of all cryptos will keep going down much like what happened after bitcoin broke 1k for the first time. |
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In my opinion you will make more money by trading if you do it correctly.
this is also my conclusion after a couple of years of being around. the "know how to trade" is the biggest part of it though, it is not easy but it is possible to learn over time and then start making good amount of money from the swings, specially the altcoin pumps. but at the same time there is the issue with trusting exchanges. most people don't want to do that because they can run away at any moment, and each time an exchange scams a bunch of people, more traders go away or at least trade less. I completely agree with this and i figured out where the money usually flows after one coin gets pumped, but the problem with me and probably a lot of other people is that after i cashed out of ethereum i went and bought litecoin due to fomo. I think the hardest feeling to overcome is fomo and in my opinion its even harder holding through a crash. |
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That's the exact reason why a good number of people just hold or "HODL". You simply just can't predict how the markets are going to move. Sure, people do technical analysis for a reason, but it only works to a certain extent in my opinion. If you like spending a good number of hours a day analyzing charts, then sure go for trading. But if you'd rather do something else throughout your day, then just hold.
Your definitely right but what im talking about is doing longer term trading not daily trading. Market are more predictable over a longer period of time because after a period of large growth you can definitely expect a correction or a downturn period. The risky variable in all this is trying to predict how long each of these periods will last and how much change in price will occur. |
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What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
That is the risks involve. We don't know when the market will pump or dump. For now, I suggest that you hold your coins that you currently have and if you have more capital, take this opportunity to buy more coins. The crypto market is not green right now but I truly believe that this is just a trial in which when the market overcomes, will give us a stronger and more profitable industry. Im definitely not selling right now but what I was getting at was that its very hard for bitcoin to or any other crypto rise 500% in price over the course of a year or so without experiencing bearish market periods that last for several months. |
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What I mean by straight HODL is that your hold through the crashes and the rises until you inevitably cash our and by trading I mean that you hold for a few months and then sell into fiat and wait for the expected dip/recession.
What i've noticed over the past years is that if I was less greedy and just cashed out after a reasonable profit and then held until the inevitable crashed, I would have made much more money than if i just held or bought another coin.
An example of this is when I bought eth at 475 and sold at 1380. Right after I sold I bought ltc at 230 thinking that it was gonna skyrocket after some of the money from the eth will flow back into the other coins. The problem with that was that the entire market crashed and so if I were to just hold my fiat i would have been able to easily double my money.
Let me know what your guys's thoughts are on this.
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profileCurrent Amount of Posts (Including this one): 945 BTC address for payouts: 37pRsNS7Rxm5SEXvhJrifaQQy1SihoTCZd ERC-20 Compatible ETH address for payouts: 0xA74F3F44E2Ab9Ae7FdE7BA16AccdeD20dc1027CC |
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I got 3 of my friends to begin investing in crypto and that indirectly got a few more of there friends to begin investing too. I usually dont like telling people to invest because then if prices go down i feel like theyll starting blaming me for their losses. Plus a lot of newer investors might sell during their first crash would they could then blame me for as well. Luckyily the friends that i got into investing are a bit more disciplined and have held through this down turn were currently experiencing.
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