I believe that the bitcoin rate is falling because the US stock market is falling. The entire global financial market is now bearish. But the cryptocurrency market does not always repeat the trend of the stock market. Therefore, I still hope that when the price of bitcoin reaches 2500 - 3000 USD, the market may become bullish.
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With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy, (it should also reduce demand for the USD?)
Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.
In the global financial market smells the beginning of the crisis. It is therefore not surprising that many governments and people in general buy gold. They want to secure their assets.
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The bitcoin need a miracle as the entire bitcoin market cap slumped down to $61 Billion. We all need a miracle. Heck, the whole cryptocurrency market needs a miracle as the market cap slump to only $112 Billion. The bitcoin market cap reached over $320 billion in December 2017 and the cryptocurrency market was at around $840 billion respectively. What y'all got to say about the cryptocurrency market situation at the moment? I want to say that bitcoin and all cryptocurrencies need not a miracle, but time. Now the market is driven by a speculative component. For stable growth and development, the component must be fundamental.
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Bitcoin chart is going up and down some times I am thinking maybe I should invest part of my BTC (at least the part of the profit I’ve made on crypto) into something real?! Let’s say I can buy share of real estate company and get the part of profit (50-100% per Year). Should I Spend all my BTC on that shares? Spend small (profit) part? Or just do nothing and wait? ?! I’ll do appreciate for answers with any suggestions and recommendations! "Spend small (profit) part?" - definitely! Diversification is the main rule of successful investment. Even nothing to think about.
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The FAANG stock index falls down, followed by the entire stock market. Perhaps the crisis will come earlier than 1,5 years. The cryptocurrency market at the moment repeats the movement of the stock market. I myself think how to diversify risks.
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A lot of people are worried. I say worry not. Eventualy the price will hit new highs beyond 20k, no question. The real question is when, and nobody knows for sure. Let the price fall, and fall it will, until people have given up. Then, the price can start 5 wave moves up again. This is how it always plays out. https://www.swiftcointalk.org/marketplace/bitcoin-price-forecast/Bitcoin has proven its value to large investors. Therefore, the price will not be able to fall to absolute zero. And since bitcoin is a long-term investment (possibly for several years), we can only wait and not worry.
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anyone know what reason stoping bitcoin many countries,,,,,,,,,,what reason ?
I have not found that any country completely prohibits bitcoin or other cryptocurrencies. As a rule, we are talking about any regulation. Maybe even hard. But not a total ban.
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As in sport the players tire but the spirit of the game continue to exist ,similarly investors are not to panic from declining prices of BTC as It will continue to dominate the crypto market in future ,so nothing to worry,prices if falls may rise again.Do you agree with me.
I agree. But I also agree that investors should diversify their risks. For example, you can invest part of the funds in trading funds, which earn regardless of market conditions.
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As a rule, citizens of Eastern countries and Europeans are interested in purchasing e-currency. For example, in Germany, you can legally buy real estate, paying the seller bitcoins. In Japan, you can have a good dinner in a restaurant, paying the bill with cryptocurrency. This is very convenient, because you do not need to have a lot of time and lose huge interest for the transaction. However, not everyone is in a hurry to spend their savings in this way, which are stored in the form of a digital currency. Most owners of bitcoins who buy coins from miners, deep down hope that the rate will rise unexpectedly and there will be an opportunity to sell crypto currency profitably. This is one way how to earn with bitcoins. Thus, many of those who bought the digital currency as soon as it began to gain popularity, were able to make a fortune.
Just today I read the news that the restaurants of the KFC in Venezuela began to accept Dash for payment. You can watch this process.
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BTC is projected to drop as low as $1500 by Bloomberg Analysts. (According to some, this is also the new break even price for the latest batch of ASICS.)Buying above $2500 shows you don't know what you are doing. This Market Collapse will be long , possible range a few months to a few years. (Collapse is less than 2 weeks old.)Buying above $3000 is the elite selling to the remaining suckers. FYI: The ones telling you to buy now or hodl are most likely the ones selling. Remember for someone to win in a Market someone else has to lose, which are you?Where did you get this information? For example, this year the large ETH wallets have become even larger. This means that whales only buy, but not sell. And they buy from hamsters.
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We have a lot of bad news and so much FUD lately, the prices of Bitcoin still shows little signs for recovery, some bitcoin miners stop mining and other has gone bankrupt and now is gaining a bad reputation for non-bitcoiners so potential investors are scare. But what can we do? I propose that we make a huge campaign promoting bitcoin everywhere in WhatsApp, telegram, Instagram, snapchat, facebook, emails… Lest spread only the good news and even tell your family, friends, and neighbors that now is a good time to buy bitcoin. Together we can make a positive chain reaction. This is very optimistic. When the market turns around and goes up - this will be the best advertisement for bitcoin and other cryptocurrencies. People again possess greed and they will forget about what it was before.
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As we know for sure that global market is counted in multi trillion dollar industry and this keeps getting higher in value day by day and year by year, I doubt that crypto currency may at a time will disrupt this industry,
The doubt is but obvious because crypto currency as a whole including BTC + ALTCOINS together is not even amounting to the trillions or so and thus it is just little toy in a big toy shop. It may not even impact it because it is global stuff, and traded all over the world at the same time and hence also gets too much diluted over the time.
This is why crypto may not have any impact over the global Economy whatsoever.
Any thought reading this?
Fully agree with this opinion. The cryptocurrency market will weigh in the global economy if its capitalization is at least 10 trillion USD. The market needs large capital inflows and public confidence.
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I see in my country many marriages at a young age and don't think about the economy in the future, I know getting married at a young age is very beautiful, but if the economy is insufficient, maybe should think again not to get married at a young age, and I think from that marriage it can give birth to children and increase the population of the earth, and maybe in a few years the earth will be full of humans and surely there will be many other crimes to survive on this earth,
Is there a solution, to overcome this impending disaster
I believe that marriage at a mature age will lead to the demoralization of society. Family is the foundation of society. Otherwise, the economy and money will come first. I believe that this is not correct from a moral point of view.
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Western elites favor total centralization. The financial freedoms that people received with the advent of cryptocurrency do not fit into the concept of centralization. Therefore, I am sure that Western elites are not the initiators of the emergence of cryptocurrency.
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Looking at the current market, many people are disappointed in the market price, bitcoin prices stomping at the $ 7000 level, altcoin prices are falling deeply. Recent good news, however, shows that the market continues to grow and has great potential in the future. What would you do this time: Buy bitcoin, buy altcoin or do nothing?
Passed several months since the publication of this post. And now bitcoin is trading below 4000 USD. Nevertheless, I still do not panic, since I have a fairly diversified investment portfolio. Cryptocurrencies are long-term investments.
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Is Multi-Level Marketing ideal for bitcoin?
I found a MLM website using BTC, but before I join it, I want to ask fellows in this forum, why wasn't any popular MLM service before?
any idea?
MLM in conjunction with cryptocurrency works fine. I participate in a project in which the motivational mechanism for participating in MLM is arranged using cryptocurrency. True, this is not bitcoin, but nonetheless cryptocurrency.
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If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?
It all depends on the level of new investors. If new investors are institutional, they can affect the price. Even small investors can affect the price if there are a lot of such investors, as a year ago, for example. In general, new investors are useful for the market. Without them, the market would be dead.
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By 2018 the world economy is falling, there is currently chaos in the economy around the world. there are even some countries declared bankrupt by the world this year. a country that is able to survive in conditions like now only countries that have a large gold stock. China and America are currently collecting gold from all over the world. the goal is to maintain their existence and also to survive the coming crisis. I want to know whether cryptocurrency, especially bitcoin, will be affected by the current crisis? I want to hear from the seniors here.
The fall in the global market is associated with a fall in the US market, which in turn is associated with a fall in FAANG shares, as well as a fall in oil prices. Cryptocurrencies are not able to affect the global crisis.
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DJ Khaled and Mayweather had an issue about shilling an ICO. And other celebrities hyping or promoting scam coins. Who would actually rely on their words? If you're listening to celebs then you are not ready for this type of market at all.
I'm also worried when celebrities advertise what they have no idea about. I can't understand how people can trust them blindly. We should only listen to real experts who have experience. But even in this case, we must make an informed decision on our own.
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When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
As before, bitcoin remains decentralized. The fact that corporations are interested in bitcoin is very good. This will help stabilize the course and will attract more community attention.
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