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This is unpredictable, and no one can tell you exactly when the Ethereum price will reach 1200$ or more again.
Actually, the whole crypto market is down, and the prices are low, so most likely it will take time until ETH price increase highly again, maybe another few months at least.
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We can't expect exactly the coming BTC prices in the few next weeks and months, the actual market is going slowly up and down, and the price in general keep decreasing with time.
Until now there are no strong signs that the price will go up highly in the few weeks at least. But it is always good time to buy, especially if you look to hold for long term.
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Bitcoin and its blockchain technology are revolutionary without any doubt. But I am not sure if it is going to solve the world's problems. But if you mean the financial problems, the yes Bitcoin's helping so many people around the world to earn their living or to make some additional income online, and it is also helping to reduce the unemployment worldwide.
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bitcoin use in pyramiding scam?
there's a lot of people willing to get a money in just a blink of an eye..but using bitcoin in scam is not as good a many others say, some of them willing to take advantage of the weakness of person who had get tired of being poor,dont be so sure of what you do..when you want to get rich you should be a hardworking person.
BITCOIN is a digital currency,dont even use it in scam or in a wrong way get more of it.
fiat currencies is used for pyramid and ponzi schemes a lot more than Bitcoin and crypto currencies. Most of this scam sites use fiat as basical payment method, but there is also many sites using Bitcoin recently. Thats the fault of people and not related to the currency itself in anyway, people can use Bitcoin for good or bad purposes. |
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I am diversifying my ways to earn Bitcoin. I work in this forum by joining the signature campaign, and some bounty campaigns, and doing some tasks for BTC. But my main Bitcoin's income comes from trading, especially nowadays the price decreased and I took the opprtunity to buy low and selling high.
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I am holding just the most promising altcoins like Ethereum and Ripple, and some other ones having good value too, and after studying their market I believe they have some potential. But the other ones which dont have real value or potential, I keep selling them daily almost whenever their prices increase.
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Participating only in bounties is less risky than investing in the ICO , but in the other side dont forget that you are investing your time and effort too. Usually the bounty campaigns require hard working from their participants for several weeks or months, and you have also to be patient because they pay generally many weeks after the end of ICO.
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Trading without knowledge is the shortest way to big lose. This field is very risky, and even if you have good knowledge and experience about it, the possibility of lossing still existing, but without knowledge it will become very high, and you re in this case just gambling your money and depending in your luck.
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No, Bitcoin cant replace Dollar in the near future at least. Most people around the world keep using fiat currencies and the most used currency actually worldwide is the Dollar, and also governments and banks support this currency and not supporting BTC. Also Bitcoin is still not really popular among people compared to fiat currencies, including Dollar.
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Yes, the best decision actually is holding your BTC until the price go up again. Selling now is not recommended because the market is down and the price is low, and you will not get good profit, and there is even a possibility of losing. So be patient and keep holding, it will take some time until the price go up again.
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Yes the actual price of Ethereum is very cheap, and this is the best time to buy more ETH because when the market will go up again, ETH price will increase highly too, and if you buy now with this low rate, you can sell high in the future and making some profit. Ethereum is really valuable, and its price is going to rise again in the near future.
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I believe too that Bitcoin is mainly for long term investment, because it is expected to reach very high levels after some years. The actual price is low, it is good time only to buy more BTC with this low rate, and keep holding our bitcoins in our secured wallets until the price go up highly , then we can selling and getting high profits.
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
It is hard to use Bitcoin as a daily currency like using fiat currencies, for paying for coffee and so on, because it have high fee and also slow transactions. Sometimes you need waiting several hours or days until you get the first confirmation, and this feature is not going to help making fast daily deals. But it is still available to paying the bills online mainly. |
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Bitcoin's losing some part of its popularity in the few previous weeks, since the price started to decrease. Many people and investors quit trading BTC because they have many doubts about its future, and they think it is very risky. However Bitcoin is still the most popular crypto currency right now, and the volume of trading this coin still high compared to the other coins.
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Sell immediately only the shit tokens, which havent real value and not listed in the big exchanges, and havent good team behind them. But the valuable tokens which have good potential you need to hold them until their prices start to increasing, selling them immediately with the cheapest price is really worthless.
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It depens on the market, and on each coin too. Some coins and tokens have very volatile prices, and their prices are expected to rise highly in short amount of time, in this case you dont have to wait long time. But in the most cases, you need waiting for long term (maybe few months or years), until the price hit a high level.
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You have to analuze the chart and study the market before buying, and keep doing so before selling, to sell with the highest possible price, and get the maximum of earning. Sometimes you need holding and waiting, for example nowadays the whole market is down, so we need to wait patiently until the prices go up again.
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The capital is surely more important than idea, despite that the good idea is essential too. But without enough capital, even if you have so many nice ideas, you cant launch your business, but if you have the capital you can take your time to choose a good idea. But if you get both, big capital and nice idea, your project would be really successful.
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There are many good ways to promote Bitcoin and letting people know more about it. For example you can talk directly with your family, friends, and relatives about BTC and explain them what it is, and how it changed many lives around the world. Also you can using the social media platforms to advertise Bitcoin, because there is a lot of people in this platforms.
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Ethereum is the most promising altcoin, the best choice is holding this coin for long term. Its price is volatile, but it have very powerful potential, it is expected to reach the highest levels in the few next years. Also you can see easily that the demand for this coin is going up daily almost, because the number of ICO investors keep rising with time.
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