I think we should all focus on promoting Cryptocurrency and blockchain technology to the whole world. I am really happy to see the market is not significantly reduced anymore. Meanwhile, the stock market is worrying many investors as Microsoft lost more than 3.56% of its value in just one day and other technology companies. That's a good sign and I'm guessing that many investors are joining the Crypto market.
Well we little guys can only do so much on that aspect. And eventually people will all get to kniw about crypto so probably it's better to focus on a more personal note. Especially with the market's current status. Try to formulate a plan for a few years onwards for different crypto market scenarios. |
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If it is the demand than we can be assured that there is a huge demand for a bitcoin ETF and we will eventually get it however if it is "would having a bitcoin ETF affect anything" then we might have a trouble because even though all the speculators here talk about how having an ETF would change everything it probably change anything for neither us the bitcoin people nor for the ETF investors because there won't be a much change, ETF won't affect bitcoin directly so it won't change it at all.
Demand will definitely go higher as SEC's approval can be look at adding some form of legitimacy so investors are willing to pour their cash. I think Wall Street's are just waiting for this big news and once its approved, it just a matter of time for huge investors to come in and make the most out of this market. How does SEC approval add legitimacy to bitcoin? Bitcoin itself cannot be illegitimate and issuing an ETF isn't any sort of indicator on future price increase or not. The only thing an ETF does is offer more protection but the largest of whales wouldn't be put off investing in bitcoin as is because they can easily hire someone to do it for them in a way which is completely safe for them just like an ETF would be. Exactly. It mostly affects the mindset of those that aren't yet too well versed in crypto that it'll be the start of government acceptance hence a price surge. And most of us long term users know it's not going to work that way. |
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I'm just a new investor, actually I do not have big investments in bitcoin but in the future I plan to invest more in it because I see its potential is huge
you could try with small amount first.and look at your investment growth.if it give you good profit you could continue with bigger amount to maximize our profit. That's how you'd do it. Test the waters first. Go from where you left off previously. If you made profit, then take advantage of the opportunity of additional capital. You also would have an idea already of what to do next. If it's a loss, then take time to recover and assess yourself. It's a cycle that you have to go over and over with in crypto. |
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If you want to save your money for long term i think that you should buy gold and Dollar now a days because in our country these are interesting and profitable for making money and i hope that there are so many other platforms are available for holding long term like now the crypto world is profitable and it is the best saving option here for crypto community.
Well saving and growing your money are two quitr different things though. If it's just for the sake of saving and not touching your money for the long term, putting it in a bank is more likely a better option. Investing it of course in something is better but you'll have to move your money more that way. |
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I think crypto currency is used widely now as an investment option, so i think the government should just tax it as an investment option. I myself think that the government should have a cutnon the piece of the crypto currency pie so that the government xan protect the interest of the hoders of crypto currency.
That's for security purposes why the authorities implemented it, but this wasn't general yet. Some countries has no regulations and taxes for cryptocurrency. I think some planned for regulations but not yet established due to some conflicts of crypto operators, who hasn't yet doing well on their business. I don't see any reason why the government of the countries who are yet to legalized cryptocurrencies will regulate or place a tax on cryptocurrency not to talk of they trying to protect the interest of the holder of cryptocurrency. Unless, if those government are selfish type. Well i don't think it's time for that yet since many exchanges are still not implimenting kyc's and it would be a little difficult to track anonymous investors. The problem with taxing it is opens up this market to government corruption which is basically what people in here are happily enjoying without. |
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More people involve in bitcoin dictates demand. If Popularity of bitcoin continues it also a sign that it will increase the price of bitcoin. The more people involve in bitcoin the big reason to increase its value thats why investor invest in bitcoin because they know btc has a future.
Some people are using bitcoin nowadays, I think by this the demand is growing no doubt that Bitcoin will soon be used around the world, the higher the demand the more profit it will take, hopefully, some schools are teaching crypto currency for their class for the young generations can have a knowledge of the opportunities that the crypto currency system can offer. Well just take for example what happened during bitcoin's run last year. The more people are hearing about the pump, the more investors coming in thus the price surged crazily. These are people who both know what they're doing and those that are just jumping on the hype. |
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I am Muslim and my country is predominantly Muslim, and we are fine with no problems with cryptocurrency. As long as it is used for positive things, of course all countries will receive cryptocurrency.
You right, if their concerns are about price fluctuations. even fiat can experience inflation which makes them lose? you're right as long as it's used positively I don't think it's a problem for Muslims to use crypto. after all there is no clear statement from the ulama for this matter right? Exactly. Why do some people even think it'll be an issue? Religion have nothing to do with the stock market right? What difference does crypto have with that lol. |
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The success of Bitcoin in the future is quite obvious now. Bitcoin has shown much capabilities of rising up to greater prices on the market by withstanding all the threats and attacks that rose to its peak this year. The people are becoming more familiar with Bitcoin and with time, its demand will increase significantly which will cause a great boost in its value on the market.
People will have to be patient even in this time of crises because our investment since long has taught us that holding is wise even if you see the price dropping to zero, it is time to wait, nothing can make your profit get lower than this, bitcoin is decentralized it can be high and low, just following the simple rule, BUY LOW and SELL HIGH, nothing to be worry again price will rise to the sky. Familiarity isn't always a good aspect since being aware and familiar puts bitcoin away from the "easy money" Light and people get to see the downside of it. However, i think it's healthy in the long run that people know the positives and negatives so that we can avoid blaming bitcoin for every loss we take. |
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Well, I'm not saved by Bitcoin because i wasn't in need of saving the first place, but it did taught me to invest and actually gave me the technical no how to invest in stocks. It made me read trends and ultimately gave a sort of financial freedom to retire at an early age. I guess yeah crypto currency kid of saved me from mediocrity.
Lol same here. Back in the days i didn't have any idea of how markets works nor did i ever imagined i'd have a grasp on it but dealing with cryto raised my awareness. Stocks and forex work similarly so i had shares in both now which at times also produce pretty good money. |
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Panicking during serious market crash is inevitable for newcomers and less experienced crypto investors as their investment is cut to almost of its price. Yes, stay calm and don't panic because the market will grow again soon.
Having a calm mind and thinking of ways to have lesser losses should be what the people are doing. Some do sell even if they are already in the market for a long time as a part of their strategy to minimize their losses. As the price continues to go down, they would have avoided acquiring bigger losses and they have the option to buy back later. If you are an investor then you should consider buying more when the price is cheap so that your average price would be cheaper. We must be calm on dealing this crash scenario as what the market take the crash calmly. We should not be affected in this matter, as it can affect the deliberations we supposed to do and lost just in a blink of an eye of listening some an inaccurate FUD spreading in this field. So, we must be strong and firmly face this kind of scenario and believe it can surpass althroughout. I know that we will surpass the current situation that we're facing right now, and listening to those fud around us must be ignored. We need to be more focused on our visions in order to withstand the best possible good results as well. Well the crash would make anyone think twice about their investments. Though looking back, bitcoin has bounced back from worse and similar crashes before and i think that's what people need to realize. It may take a little more time of course so people who are looking for quick money are the first ones to get rekt. |
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According to Technical analysis, at the end of 2018 or at the beginning of 2019 the trend will reverse. We are looking for a bottom at the moment and looks like 5.7k USD is our bottom. Even we can go below this level I think the recovery will be quick and then we are going to start next bull run.
By the way, the bull run does not mean a new all-time high in 1-2 month. Bull run means the trend start to go up (higher highs and higher lows) of course all-time high will come.
Well most people are expecting a bull run to get us back to close to ath levels though i don't think we'll be touching that point anytime soon. Bull run to end the year could at least get us decently at 10k and a lot of people would be a little happy with that. It's been down hill for most of 2018 and people could use a good end run to bridge 2019. |
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For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
Bitcoin price isn't always stable since it's inception. Until there is a hype now way it can become stable. Since that is the scenario, we are the one who have to adjust for it. Why there are merchants accepts crypto even the price is volatile? Why there are people who are into crypto that still use crypto in some of the service? Why other countries legalized bitcoin? These kind of question is enough for you to understand that even with the volatile price of bitcoin, an increase in adoption can always take place as there are lots of reasons why people used bitcoin even how volatile it was. You just have to trust the process. I think most bitcoin users don't make a problem from the fluctuations, because with that they can gain profits quickly, and you know bitcoin adoption is normal even though fluctuations exist. but the problem here is that prices sometimes stabilized, and now stabilized in the range of $6k- $7k for a long time, and I don't think retailers will accept bitcoin just because prices are sometimes stable What to not like here? Bitcoin price have nice swings, I had some nice trades in past few months. Op is a bit confused with crypto market, its far from stable and even if we have stable price it will jot be a guarantee for anything, especially for wide adoption. Market moves depending on our actions, our trades, normally whales affect market more with their huge trades, but each of us affect it. What will happen with market, it will grow and grow. We can't expect price to be stable with so many people who trade, with supply and demand that are never calm, price can't be stable. The market moves quickly I know, and it's caused by our actions and other users, the whales too. but in my opinion stable price is there, but only in a short time. do you think the price spinning in the range of $6400- $6500 in the past few days is not a stable changes ? Well if you talk about stability, it has been dancing around that 6.5k range for quite some time now, probably more than a month already. Though of course it's too early to assume that this will be it's stable price as there surely will be a major movement pretty soon. After a gruelling bear trend most of this year, i think this movement would prepare us for what's going to happen next. |
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If you have the money, buy some bitcoin. If you need the money to pay in six months, you'il be hurt. take and forget.
This is the best thing to do right now.
Sensible that is. At this kind of market, you can't really go short anymore. If you want to make money and profit, you have to expect to go long. Not just with bitcoin but pretty much with majority of the alts as well. |
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If we are talking about big one bull run in this year, I think it's almost safe to say that it is won't happen, because time is decreasing and where is not any bright signs that something will change, However, I fully believe that a slight rise in prices may still happen in this year.
Well there's no harm in hoping for a good end run lol. And i think it's not as impossible as it seems since a bull run can happen in under a week, and we still have two and a half months left for 2018. Who knows, a bull run may happen that would make holding through all this worth it. |
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I dont know what would happen in this year with the bitcoin price.but I am hoping Bitcoin would cross soon $10,000.If SEC accept bitcoin we can get easily this price. but without some good news its not possible right now.
Well, i'm positive about a 10k ending but not because of an sec approval. There's really no reason why it should have that much effect. The whales are more likely to be the reason why we'll get to that point |
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5K$ INCOMING in a few weeks, Sell now, Market is red, ETH is dying.
ETH is not dying, yes the price dumps in the previous trend but its not dying. Luckily we don't hit $5k level and I think the bottom is already hit with bitcoin. Let's now move forward and hope for a better price of bitcoin, soon we will see its price on $10k level. Their is always claims of eth is dying but during these days we observe of a hope in the market. From the previous months btc value did not hit to 5k$. And, I do not think price of btc will goes to 5k rather I hope for the best in bitcoin this year and best for some to buy at this rate in btc. Nah i don't even think btc will touch the current bottom this year around 5.8k and eth is giving a good opportunity for people to get in at this range. I believe before the year ends, eth believers will all have good holidays. |
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By seeing the chart people said that it as a fall in the price I guess this may be the end
before I start investing, I think we already know all the risks that will be gained in investing if you see a graph from a matter of days, it is decreasing, see the annual graph, surely cryptocurrencies are developing That is one thing most sane investors usually get to do most of the time, as long as they know exactly what they are doing. This is a market and solidly, I believe that every market will always have a bear cycle and a bull cycle. We are in a bear cycle now and people should get to understand that it will happen again and for a volatile market such as this, you just only have to be able to play your cards pretty well. For what it is worth, we are still very early and we are growing every single time, and I believe that should be enough for anyone to deduct that this is the future of payment and being here now gives you the chance to benefit hugely in the future. Well said. Some people don't really understand these cycles or prefer to just ignore them for whatever reasons. Stock markets and foreign exchange have the same cycles. It can really induce anxiety if you don't know that much about what you're getting yourself into. |
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This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding. Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year. We should still holding as selling below the amount we buy is selling out of pain and frustration.
Well unfortunately, those people have limited choices. By this time, those that probably got in because of hype had already sold their btcs and those remaining are set for the long haul. Disappointing of course, but you have to look way ahead if you don't want to lose. |
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their approval gives only a short-time increase. Not enough for $ 10,000.
but if the approval supports other events then there may be good developments.
Well in any case, i think we can reach 10k possibly to end the year with or without that approval. I agree that whatever the results are, it would only have a temporary effect on the market if it even does. I'm positive on a close to 20k end kick. |
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In this Cryptocurrencies market everything is possible, one day prices could shoot up, and in second day price could go very low, but I don't think it'll go under $6k for now. Of course panic sellers are ruining the market right now so it may break that wall. But there is very small chance of that.
I don't think there are that many panic sellers remaining in the market at this point. That also one reason why i agree that we probably have bottomed out already at 5.8k and it's more likely that we'll go for resistance rather than support. |
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