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Only a few of the altcoins in the market will be used in the real world and most of them will be used as a tool to create opportunities and money by trading them. Let's face it, most of the altcoins are just created by their developers to get cash from the investors and in the long term, they will just abandon it. So it is better to trade them than to invest in them for long term.
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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. It is just their prediction and it has only low possibility that it will happen. I'm a type of person who rely on my own understanding than to other people ideas and opinions. I do not believe to their prediction because that what I learn from my mentor. I doing my own analysis in a coin and I only relying on what I know. There are a lot of misleading information in youtube so be careful on who you follow for you to not gain wrong knowledge. That is great that you are relying to yourself and not to other people. Your mentor had taught you a great lesson because it also makes you to learn more things as the days goes by because if you don't increase the information that you have then you will not have any chance to increase the chance for you to win with your own analysis and predictions. |
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Bitcoin volatility is here to stay. There is no chance for bitcoin to become stable because the market of bitcoin is not regulated by the government and the market is also open 24/7 so there is no chance to prevent the market fluctuations. To be honest, it is an advantage to us because we can trade with the movements and make at least a few percentage of return.
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Banks won't be obsolete, they have lots of functions that would complement cryptocurrency. This include lending and servicing of loans etc.
Banks have survived several setbacks, and they are the oldest financial institutions. So when they are ready to join blockchain Technology, they will come prepare to create a system that will be trusted and to maximize the potential across the platform.
There are also don't agree to crypto and must prepare to use bank by it's reliable and safe money than the information of bitcoin that there has a number of news from hacking. Bitcoin can't defeat Bank from eliminating but from reducing on it's performing the use of some information, the bitcoin does. so far, yes, there are no banks that agree with crypto, but they only agree and adopt the technology, such as blockchain. sometimes the bank also has a bug with some lost customer funds. yes bitcoin will never beat the bank, because the equality of the bank is quite extensive, while bitcoin is still limited. Satoshi Nakamoto created bitcoin not to beat the bank but to give an option to the people to choose if they will still get themselves tied up with the centralized system or if they are going to seek for freedom and stick to decentralized cryptocurrencies. Banks will continue to exist even after hundred years because it already established a reputation and it is a must have in a country. |
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we know that human desire is unlimited when he already has 1 btc he will try to get bitcoin again. so in my opinion there is no limit on how much bitcoin we should have. everyone will always try to increase the amount of bitcoin. I am targeting myself to be able to increase the amount of bitcoin by 0.5 btc before bitcoin is reduced by half in 2020.
why only 0.5? I think we should aim to collect bitcoin as much as possible before the price of bitcoin will be very expensive. if you can't get it for free, maybe if you have money or savings it's better to buy it when the price is low. I also do that if it's true that the price of bitcoin drops lower. I want to increase my bitcoin before bitcoin is reduced by half in May next year. and 0.5 btc is the target that I want to achieve. previously I also thought not to give the target I would always try to increase the amount of my bitcoin. but I changed my mind with the target I will be more eager to work on completing bounty project tasks and get more bitcoin. and for me 0.5 btc is a pretty big value. I don't have the money to add bitcoin. I only rely on the bounty project to get bitcoin. That is a misconception. Bitcoin will not be reduced by half next year because only the mining reward will be in half. Setting goals should be realistic, achievable and can be measured by time so you can easily calculate if you are making progress towards your goal and if you are earning enough to reach your goal in a specific period of time. |
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Really trading is one of the best ways for making money in here crypto market but for that you need more learn about it. I think trading success will be depends how much you have expert about it. I am not available smart in trading but i understand now it will need good skills.
All of the opportunities that we have in this earth requires good skills. If you lack on good skills then even though you know the basic stuff about it, it will still not work because the market gives reward to the people who are knowledgeable and skillful enough to beat the other player in the game. Before you try something, educate and acquire skills first so you will be prepared to any circumstances. Also I advice to read always the popular news sites about crypto in order you to know what was the good coin because there's a huge effect of news either fake or real but it have an effect. It comes also by the experience you have by a little amount of money you trade into a large one. Even though you are not reading any news regarding to cryptocurrency, you can still make profit in the market because of the use of technical analysis. Technical analysis will help you to see the market in a very different way and you can spot opportunities without conducting a time consuming fundamental analysis. Technical analysis is far way better than fundamental because it is more effective, IMO. |
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We don't know if people will use the Libra coin or not because this coin hasn't been released yet and still cannot be accessed by investors, the coin is still in the process of forming both from the system sige or other aspects, so we can't decide if the coin will be used or not
Libra is designed for people to use, so even at this development stage we already know how to use it. and to answer @op's question, I think it will only be used by people getting a contract to launch their ads on facebook. Or maybe the facebook influencers that Facebook pays for their video and much more. I'm just hoping that libra will come true in which it's been too long since they've been started. Many of us will benefit the libra project because most people around here in the community already know and use the facebook and it will definitely each of us can easily to learn the benefit of libra coin here in crypto currency community. having a facebook account means it must automatically use libra too, maybe later on facebook there will be a task to get libra coins for free as if it's enough to be active on facebook. and yes, libra most likely will be used on facebook to influencers and ad payments. but unfortunately at this time it's only speculation because we don't know the details when libra will be released to the public. If that happens, I will buy libra coins right now. Since I am also a social media user particularly in facebook. I can't stop working with their free tokens if ever it might have. I can browse my fb for one whole day and if there is mini airdrop to boost Libra's identity then I will be the one that will participate. However, fb can advertise their token without give aways for task. Last announcement from Libra team they have allowed and get permission from united state government to allow and give space for Libra become legal currency payment in United State, I like Libra become legal currency payment and investing because many investor have wait when Libra announce to public and when we can invest with Libra coin. Lol. The thing is, not much people is even using bitcoin yet. In general, even if libra stays true to it's use, majority of the people would still see it as something like a store of value. Personally, at this time,if i have a decent stash of libra, i won't use it yet. It stays in my wallet until the time that it's value is either suffecient for me to take profit, or stable enough to use for actual transactions. Facebook's cryptocurrency Libra is a stable coin so even you have a lot of libra in your wallet, it will still be the same value even after a lot of years has passed by. It is only good for making purchases online but if you wanted a long term store of value then you will still go back to bitcoin or other cryptocurrency because they are the ones who are only can go up in value which gives you profit. |
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I started trading because I got inspired from the earnings of my brother. He is a good trader and he is earning at least 20% per month by just trading altcoins in the market and I got curious on how is he doing it and I asked him to teach me how to trade and that is when I started my journey from being a dumb newbie to an educated newbie.
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Bitcoin is far better than Altcoin and always gives good returns and is always profitable, so I think it's natural that Bitcoin is the best choice in investment and the most popular.
and besides I own bitcoin, I also have several Altcoins like Ethereum and Litecoin which I have long believed and have the potential to benefit in the long run.
If you are an investor then you will say that bitcoin is far better than altcoin. But for the minority of the cryptocurrency space, the traders, they prefer altcoins compare to bitcoin because altcoins are more volatile than bitcoin and it can bring you an easy profit up to 10% in just a day which attracts people from bitcoin to put up their money into altcoins. |
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If it is base on my trading records, when I have a losing trade, I always set a max of 10% loss for my trade and after the negative profit reaches 10% then I will immediately cut my position so I can minimize the loss without any emotion and I just stick to my plan. In overall, I lose at least $5,000 in my entire trading journey because of my greediness and for not having a strict trading plan.
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I love the point take the profit and stop the loss strictly because many users expecting more profit and losing their money on investing more on money on exchanges.
See people always have trading as the partial income resource and plant the other running option partially and invest on the right coin at the right time if you follow these both things will be able to make some money and for new business I will suggest you to don't go in trading field as a newbie.
Greediness is the main reason why a lot of traders are losing trades and money. They are not contented with the gains that they are seeing on their position so they tend to wait for a higher price or just ignore it completely. Take profit target and stop losses are essentials in trading because that will discipline you enough to have a huge profit margin with minimal potential losses. |
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Honestly, managing your trades everyday is really difficult, even for professional traders because minimizing losses gives pressure to others, especially if we are in the middle of the bear market that you are not able to buy low, sell high if the market is really down. I think the best way to manage your trades is you should know first how to control your emotions when the market is down for you not to panic sell and for you to become patient with all of your holdings.
If you are an experienced trader then you will not have a hard time in managing your trades per day. Minimizing losses is also normal for an experienced traders because they know how to set up their trading strategy and execute it in the market. Experienced traders have enough knowledge and experience to ease things up and that is what you should be really focusing on if you want to manage your trades very well. |
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Perform a background check for the project or any investment that you are trying to get into. Frauds are everywhere and it is our duty to be careful and to make sure that everything is alright before we trust them with our own hard earned money. Do not get greedy with the quick and huge returns because if it is too good to be true then it is probably a scam.
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You can download a blockfolio app for your smartphone so you can monitor the prices of your cryptocurrency holdings and also the gains and losses. If you are holding your cryptocurrencies in an exchange then you should set a stop loss so you can minimize the potential loss for your investment and you can easily move on and try other cryptocurrency investment.
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I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.
No matter how we do praise up crypto, we cant still able to avoid the fact or reality that we are all still dependent to fiat.Come to think that crypto is getting its value from fiat so if one day fiat would be replaced then we cant think off on how we do able to calculate of cryptos value. As long government do exist its impossible to think that fiat would be wiped out and as said these things had been used since the beginning of time where trades and barters do already happen. And we should not worry and we should not argue with this, as we still need fiat and we will still part of our life for many more years, and we don't need to eliminate this in our life, it's still too early, we maybe millions already who are in favor with Bitcoin, but there's still Billions of people out there who doesn't have any single knowledge about the cryptocurrency. We don't need to remove the fiat currencies in our financial system, we just need to improve or upgrade them. Fiat currencies are now so old and the new thing that we would like to see for fiat currencies is to be fully digital and that would be perfect for people around the world because it will bring an efficient way to do transaction. |
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Indeed, this is like living in the modern world. Everything uses money. Maybe the OP can consider staying in the jungle and become a farmer. LOL. You cannot spend your whole life chasing money for wealth, marriage is a choice you can make at any age and regarding paying taxes in my opinion is important, the state cannot guarantee the lives of its people without any assistance from public taxes. It's selfish if you demand a lot from the country but don't want to contribute taxes. Tax is important but the amount that needs to be considered so as not to burden.
You have a point on that mate but to be happy is to make your own way by doing the most precious thing is to love with your partner for the rest of your love. I understand practically on the OP's point but being in love, we have an inspiration towards as we live in this planet earth. Having a lot of money is the most comfortable way of living but being just having a lot of money without any inspiration makes so desperate due for the various things is so easy as you can have you want and needs in life, likewise everything is no challenges and leads to very boring life and that's the most reason of those people commit a suicide as they want to challenge the death. Indeed real happiness isn't being rich or being able to buy anything you want, real happiness and a real treasure is feeling loved by someone because that thing cannot be bought by money and i can honestly see that in real life, i've met a lot of rich people who can buy anything they want but you cannot see happiness in their eyes because once you get lots of money that is when you will realize money alone can't make you happy. It is like a game where you reach the highest level and got everything able in the game, it becomes boring because you've fulfilled your purpose and not have anything left to do but i didn't mean don't be rich because you will get bored of life, its just do not focus acquiring lots of money because there are more essential things than money like yourself, being able to do what you wanted to do, friends and lot more. You should not expect love from other people, you should start to feel the love from within you. You should love yourself first and accept all the things like flaws and imperfections so when people start to enter your life, you don't have anything to worry about because you know how to have self love and you have self respect so they cannot underestimate and abuse you. |
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It really depends on each person. We all have different type of level of success and satisfaction in terms of having bitcoin. You should ask yourself if what type of success do you wanted to see. Once you visualize the success that you want then that is when you are going to measure it with the number of bitcoin and you will work your way up until you reach that goal.
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We need to do both in order to succeed, if we just go with savings or investments, it’s too risky so balance is the key. Also, our investment needs to be wisely done instead of random, as that could end up in very much wrong way.
Inflation cannot be prevented because it always happens in every nation . We should invest for us to grow then money we are holding, if we want to have a larger earning in the future an investment is needed, we can secure our future budget, money when we invest rather than only saving it, when we save , that money will never grow, or it will grow up but only a penny. Indeed, what we need to do is find an investment that best suits us and we have deeper knowledge on how it works to avoid making mistakes. Investing is not that easy and cant guarantee anything so we should be wise when choosing where to invest our money. Then if we already earn thats the time to save a portion of our earnings to be prepared for future expenses. Knowledge is the basic foundation of all the things in this world. So as in investing, if you don't have any knowledge even the basics or the fundamentals to check before to invest their you will not have a good journey or progress. Invest in knowledge first so you will have an easier time to get into different opportunities that the world offers to us. |
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I should have kept everything in Bitcoin but some projects made me fascinated about them and put part of my BTC into them and hodling them all now. Hopefully, they will grow with time and my investments will yield. If there was an option to go back then I would never give away my bitcoin for alts.
Investing in bitcoin is always the best optiion to invest in cryptocurrency, the chance of getting profits is high but the profits will not so high since the risk is low. In crypto currency the higher the higher profits if it's success. Thats why most people are holding more likely 50% or more bitcoin on their portofolio and the rest are for altcoin to get more profits to gamble their luck. profits depend on capital if we invest in bitcoin, in fact all cryptos have the same high risk due to fluctuations. but indeed bitcoin is lower because it has a very large volume, so it is not easy to get a pump and dump scheme. Anyone who will like or try to invest in bitcoin have not to think that there will be ever a pump and dump scheme because if they will go through the history of bitcoin they will see a continuous rise in the price chart of bitcoin. There are some dumps but in the long term there is a rise from the beginning. It is better if we invest in bitcoin then we wait and we will see a profit in our investment. I know, here I say that for altcoin, because there are quite a lot of shitcoins so there are also many pump and dump schemes in altcoins. therefore I say it's better to choose bitcoin, especially next year there will be halving with a hype that is big enough so that it will make prices increase like previous history. Bitcoin is always the best option for holding, agree there are many shit coin in the market which we are seeing many pumps and dump, there are many other potential coins in the market, which we have seen many potential coins which we are generating very good volumes in the market. So it is very good to hold some coins. Based on the recent movements in the market, it seems that the altcoins are way better than bitcoin in making profit from holding. The altcoins are now moving up and they are giving some altcoin season vibes to the traders and a lot of people are now migrating from bitcoin to atlcoin. Yes, there are shit coins in the market and they are a lot but if you just invest time to research and filter them out then you will find the good ones. |
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Patience is the name of the game. You should not depend on the events that are coming for bitcoin and do not base your hope in halving. Halving is a normal phenomenon in bitcoin and to some altcoin but it doesn't that the price will go up high because like what happened in litecoin, it is now deep down. Base your hope and expectation on technical data.
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