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Currently there are positive news about bitcoin all over world which create more demand for it, and since the demand has become so high the holders becomes skeptical about whether to sell or not and if we are to sell it should be on the higher side. That is to say, the demand for Bitcoin is higher than the supply of Bitcoin and that makes it price to go up.
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Well, all depends on the level of your skill and expertise. If you an expert and you are able to render services online and offline, making $100 in two to three months will not be an issue of concern. Just try and monetise the area that you have a comparative advantage and utilize the available opportunity, i believe it will earn you money.
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In my own opinion, it will be nice if you invest your money wisely in crypto currency by way of selecting top Ten coins but about 50% should be invested in bitcoin since you believe that in 2030 will be that high of which i concur with your believe. Although investment in some projects at their ICO level will also make Sence too.
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Popularization of digital currency can be achieved if bitcoin is not used as a currency. Although it has the same feature of shares and commodities like gold but the truth remains if bitcoin was not to be used as a currency the circulation and acceptance would have decrease significantly as compared to what it is now.
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I don't think there's a standard percentage of Bitcoin or crypto currency to hold as an investment. All depends on the your investment capital and the coins that you think has a profit potential. Although Some time it is not rational to put all your capital in just one investment. You can spread your capital into top Ten different coins.
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Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.
Based on the current market value, One bitcoin is now 3 time ounce of gold but in terms of market capitalisation gold is still far ahead of Bitcoin. And this could be attributed to the fact that gold has been in existence over a long period of time as compared to bitcoin that just came into existence in just a decade. |
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If i were you, i will still hold pending when the market value of the altcoin increases because as bitcoin market value increase most of the other altcoin are decreasing and so if you should sell is as if you may end up selling at lost. Although I don't know the value at which you bought those your coins.
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Well i believe bitcoin is really in a correction mood but it may just be like 10% decline before another move towards $5,000 or $5,500 maybe in the coming months. And not as some people are speculating a decline of $3,000 or below.
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In my opinion it will be difficult for bitcoin to supersede fait currency in future, but I believe both of them could exist simultaneously. There are a lot of bottleneck like internet access, electricity, knowledge of how to operate computer in some part of the world that need to be take care off before one can think of Bitcoin supersede fait currency.
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All depends on whether you are a long-term investors or short term investor. Bitcoin has both long and short term good return on investment as compared to altcoin. Although there is need for diversification when it come to crypto currency investment in other to avoid the risk of loosing all your investment.
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I have come to realize in recent time that holding bitcoin in ones wallet is more profitable and a little bit risk free as compared to trading altcoin or what do you think ?
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Yesterday I just lost 1.8k USD, maybe in USA or in West Europe that's doesn't much, but here in my shitty country that's a f* big amount of money. Here the minimum wage is ~ 300 USD / month. So that's like 6 month of work if I cut my bread and water and live on air. Half of my saving were other investments, but anyways... I'm feeling shitty right now. Oh, and I break my laptop. So yeah, that's another - 500 usd.
I though I can trade. Buy low, sell high. Sounds good, doesn't work.
Looking at the charts and candle sticks and watching old bitcoin values, and huge spikes (pump, I saw here how people uses the pump word, daaaamn...) I was... yeah, I can totally do that. I'll just buy when it's low, and sell it when it reaches the top. Well, I was wrong. You can't see the future, otherwise everyone would be a millionaire. That would be true if you would have a delorean from '85 with Emmett Brown and Marty Mcfly and you could f* travel in future and see the PUMPS!!!1
So anyone who will read this message (noobs like me) if you don't have any trading experience, don't do it. There are expert traders who know how this market works, when to buy and when to sell. Don't assume your skills by watching youtube videos and reading "daily indexes and predictions" of how the price will rise or go down by shitty sites. That's just dumb. You don't know what's gonna happen. Maybe a little bit of luck, or I don't know.
So yeah, from now on, I'll just leave the trading area for experts and I will invest in bitcoin by buying every 2 week or monthly and saving into my wallet. And one day (I hope so) the price will rise and I will buy for my self a delorean.
Cheers!
I just started trading too but I'm trying for long term gains. Were you attempting a pump and dump? If so, I'd avoid that for now and stick to solid investments like BTC or ethereum. They are pretty safe and you can still gain 20% in a week if you monitor trading sites vigilantly. Don't give up man. Let's get rich. Is good you identify what exactly you are good at and the one you are not good in doing. So many people loses money in crypto currency trading because they believe some people are making it big from trading and they fail to realize that trading is not meant for everybody, because there are people who cannot control their emotions and equally don't know the technicality involved in trading. Is good we should identify what we are good in doing than to just jump into what will hurt us financially in the name of trying to make it big. |
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As for me, I believe who ever sell his or her bitcoin now did so for a purpose and not because of panic of decline in the market value of Bitcoin in time to come. I believe bitcoin value will reach $10,000 in no distances time, but that doesn't mean if I pressing need for money I should not sell because it may become a lost to me.
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Well, is just that your thread has been posted for a while because currently the market value of Bitcoin has surpass your projection of $4000 and move to $4,245.18 which is far higher one ounce of gold. This is to say that bitcoin is not just a new gold but higher than gold in my opinion at the moment.
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If in my opinion it takes a few more months to reach 4500 $. Increased bitcoin is now growing rapidly.
The current market value of Bitcoin is $4,109 which shows that in the couple of weeks $4,500 will a thing of the past. The target or speculations in some quarter is now $5,000 to $10,000 in the near future. |
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A good knowledge of technical analysis that apply to forex trading will go a long way in your quest for knowledge of trading crypto currency for it has helped me. I will recommend babypipschool.com for trading technical analysis. You can Google it for more information but you need to be listening to new and events that may likely affect the market value of bitcoin and crypto currency in general.
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Bitcoin is promising currency, but somehow because of it's volatile value. How can bitcoin help the community? especially the 3rd world country.
Volatility of Bitcoin should not be an issue of too much concern because its volatile nature has both negative and positive impact on the investment of the holders or investors. The volatile nature of bitcoin has more advantages as compared to its negative, effects except for those who sell out of panic. Bitcoin can help reduce poverty and unemployment in the 3rd World countries if some of their populace could get access to internet and utilize the investment opportunity here in this forum that bitcoin has created. |
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There are speculations in some quarter that the market value of Bitcoin will increase to $10,000 in the nearest future. And am yet to see investors who bought bitcoin and hold pending when the market value increase that has lost, except for those who sold their bitcoin as a result of panic of August split. Please go ahead and invest for there will be a high return on your investment in time to come, but don't invest more than what you cannot afford to lose.
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Definitely there most be a correction but am not certain on whether it will happen below $4000 or above $4000 because of its current movement. Although I advice you to apply what i call " Wait and see a Approach".
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