Of course, people are afraid to invest in new technologies. Especially they are afraid to invest in cryptocurrencies, which are extremely volatile and subject to manipulation. Who wants to invest their savings in risky assets?
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Personally I don't think that now is right time to buy Bitcoin. Because this global downtrend have not ended yet. If Bitcoin price cross $7500 and stay above it, the reversal of trend will be confirmed. Only after this happens I will think about buying Bitcoin for long.
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IMHO now Bitcoin and the whole market fall and it will continue to go down. I think it will drop under $ 2000 by June of 2019. So right now I prefer not to buy Bitcoin but sell it or just open short positions through marginal trading.
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Right now there many predictions about next nearest crisis, which can begin in 2019 or 2020. But I think that if it will happen, investors will try to save some port of their assets in cryptocurrencies. So I think it will help to the market to growth again.
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Personally I prefer to invest according to principals of diversification. So beside cryptocurrencies I also invest in stocks, real estate and gold. But I always have free fiat money (about 25% of all assets).
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PErsonally I always trade according to principals of money management and using stop loss. So if I am in long position and the market start to fall I always can go out with stop loss. But as for now, I try to find opportunities to open short positions through marginal trading and to get profit on the falling market.
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Almost everyone talking BULL will come back at end this year like last year.
I hope so, because me and everyone here diving under the sea for 9 months and still don't see light the Sun.
Last year, bitcoin has increased from the beginning of the year to the end of the year...And this year is quite the opposite.
Or maybe We have been waiting so long... so that we are delusional to something that is not real.
Unfortunately I can't agree with your opinion. Because IMHO according to technical analysis the market will continue to fall until June of 2019. But I expect that from the summer of 2019 we will see hard growth.
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Actually there is no any doubt that Ethereum will recover in the future. But main question when will it happen? I expect that Ethreum will fallow the market and continue to fall until the middle of 2019 and will recover approximately in the middle of 2020.
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Actually there is no any doubt that Bitcoin price will growth up minimum ten times from current levels. But yo can just increase amount of Bitcoin through buying (rebuying) low and selling high.
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Personally I think that banks, as all of us interested in cryptocurrencies. But they just try to us that this is not so and to manipulate with the market. Banks have big amount of money, so using them, they can pump or down small market of cryptocurrencies. Think about it.
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Looking to get into crypto trading and I'm curious what tools do you use for technical analysis?
Personally I like to use such indicators as Awesome Oscillator, Moving Average Convergence Divergence, Relative Strength Index, Aroon Oscillator. Williams Alligator. Also I always make technical analysis according to theory of William Gann.
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Every day I see more and more people starting to feel hopeless with the current market situation because of uncertainty when prices will recover and end this fall. Even more and more traders are deciding to resign from trading and sell all of their assets but that makes the price even more falling.
Actually thanks to such people we can get opportunities to earn nice profit. Personally I save all my money in USD and prefer to buy cryptocurrencies during hard crash and quickly sell when the price shortly return to upward.
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Personally I don't think that now there is any cryptocurrency, which I can buy for long. Whole market follows Bitcoin fluctuation. I expect that Bitcoin continue to fall in October. So as I think all another altcoins also will hardly crash again.
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Mining requires knowledges about equipment and always to monitor conditions of working equipment. Also you have to wait for a long time to sell cryptocurrencies which you have mined, on suitable prices. Trading can provide you with quick profit, but IMHO it is more difficult. So personally I prefer to trade.
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Right now from the point of view of safe trading "Buy fast and sell fast" is the best strategy. There are rapid and manipulated fallings in the market. So it is better just fix profit and get your money as soon as possible quickly.
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All of us should recognize that investing in any cryptocurrency is risky. As in any other case, the risk and profitability are inversely proportional. So we have to invest that amount of money which we can afford to lose.
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Actually it doesn't matter how much do you have to start trading. You can start even from 50$. But what is really important is to learn about how study to trade. First of all try to learn about technical analysis.
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Right now I think it is better only to sell, when certain asset is already has pumped. Personally I am not going to buy anything now, I only trade through marginal trading and open shorts.
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As usual in any exchange we can see Bitcoin as basis cryptocurrency for trading. That's why altcoins so hardly correlated with Bitcoin price. So it Bitcoin moves altcoins also fluctuate and this is natural.
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Bitcoin is now at about 6k$...
I bought tons of bitcoin when the price was at 3k$ and then sold at about 17k$, I made profits then, but now I don't think that the price can go up again... Will it?
Personally I think that Bitcoin price will not go higher than $ 8000 in this year again. I expect to see its price lower than $ 2000 by June of the next year. But also I think that we will see update its ATH in 2020.
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