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Lack of knowledge is the reason behind most people panicking in this bear market. It may be either they bought token in FOMO or the shitcoin they bought was advertised as bitcoin, but ether way we can learn from these. Not every crypto that you see advertised in every social media is a good one. People need to unfollow the hype and follow technology and build their knowledge base.
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People are speculating on news more than real value of bitcoin these days and also volatility is based on that, but I believe bitcoin is here to stay, no matter how much dip it takes, it will rise again, not parabolic like last time but an steady growth is much better for bitcoin.
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see. those rise in alts were only temporary spike, once bitcoin got down again, it lured alts even more badly with it.
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Though ETH is good project, $15k is too much. It would make 1.5 trillion dollar marketcap which is not possible for now. May be in 10-15 years, but not now.
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First understand the price chart, you can find on simple one on coinmarketcap and more detailed one on tradingview. learn about candlesticks, there are plenty on youtube. Then catch some good crypto-project, probably top 20, see their price movement and invest initially a little amount at first and as confidence and knowledge grow, invest more. Don't be greedy or regret your trading decision, learn from every mistake. A good trader cannot be born overnight. It will take quite a lot time.
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When people learn and have more knowledge about cryptocurrency, they will stay or at least hold their crypto during this bear, otherwise who lost much money and wants to join later when market show positive signs, its up to them.
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Thanks for the informative post. It is really helpful for the beginners to understand different types of consensus algorithm.
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Though the analysis seems legit, there are hundreds of legit analysis on both sides of bitcoin. I think it is a pause trigger by Winklevoss brother's ETF refusal after a run of over $2000 price rise in less than a month. IMO, it will rest there for sometime or even dip into $7800 before bitcoin takes another leap forward.
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Said it right, patience is key, but for that you need to keep sure you did not get rekt with the investment you have done. Success comes after you survive the difficult times.
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I am a newbie. I am not so experienced on BTC. I am here to learn about BTC trading. Is it the right time to invest on BTC?
As always, the market is unpredictable, but I am excited with positive movement in price of bitcoin and people are talking it will climb since it spent most of time of 2018 in bear zone.
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Every person has their own quality from their childhood. Some are smart to flip money and do their own kind of things from their childhood and some are happy to finish the tasks they have been assigned to. It all depends on their nature. Understanding the nature of child and encourage them to go that way would be most rewarding. As we know, the world need both types of people.
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Thanks for brief information on ETF. Traditional market witnessed massive rise in price with ETF. Bitcoin also will have big rise
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hi community. I am a new member to this forum. Guidance accepted regarding forum rules and do's and don'ts.
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