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Bitcoin has that capacity to last forever. It has died several times and it is still be alive. If there is any financial instruments that is going to remain with us it is going to be bitcoin. Bitcoin should become the next generation of money but the governments are not seeing it that way but time is going to come when it will be adopted.
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Goodmorning, i’m not new in the world of crypto but I never did an investment for lack of money, but now I recived a good amount of money and i want to buy&diversify my portfolio. So I just bought a Ledger Nano X and want to know which are the best project to invest. I always look with interest at $GNT, for their great idea of decentralizing computing and $BAT , and other suggest?thanks  gnt is extremely low now, though it went below 0.000400btc in January and went up to 0.0007btc last two months. I have much interest in gnt than bat as it seems to have more volume lately and the good idea behind the project. If I should make investments decision now gnt will be among the coins I will invest for long term. |
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My speculation in February this year was that bitcoin is going to double in price after halving but I don't think that is going to happen. Covid19 has created significant fear in the mind of people and no one no what is going to happen next. If any drugs is fine as a cure for covid19 that will change everything considerably.
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As far as the elites can still keep us in fear and greed there is no way we would not see big sell off when they have decided to manipulate the financial market for their advantage. Panic sellers will always lose money but people must panic and will panic especially if their life saving is involved.
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As an economic the only way miners affects bitcoin pricing is still through the force of demand and supply. The miner mine bitcoin and almost majority of them dump it in exchange with the views of funding their mining farm. I strongly accept the fact that after halving bitcoin will be better in pricing because few coins will be mine par day.
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I feel bullish right now, Bitcoin price overcome the 10K USD zone after a long time! I predicted this two weeks ago that Bitcoin price will hit 10K USD at the end of January or at the first of February! Is Bitcoin price predictable now guys? So, what is the next target? 12K USD? Please share your opinions.
How I wish price is still at were it is February 9 when you open this thread. Things has changed since then because of the covid19. I am not happy it has to be like this and bitcoin is struggling to maintain on remaining above $6500. It has to proving it recovery face by breaking the upper channel on the daily chart. |
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I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
You have a very nice advise but still we can not really ruleout the role of emotion and greed. This two play significant roles in trading. It does not matter the coins or assets you are trading but what matter is the strategy and how you were able to build confidence in trading without fear or greed. |
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To that sell their cryptocurrencies last month when the covid19 hit hard on the market soldout of fear and panic. It is going to be hard seeing bitcoin below 3000 dollars. The way things are now bitcoin might not get below $5000 again this year as people have started understanding that bitcoin is the only assets that you have 100% control on.
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Quite few simple trading advise for newbe trader
The only advice to those who are new to the trade,
As We Never swim in a river without learning swimming, you should learn to trade first, be it small amount or big amount.
And blindly, that means if you do not understand that the coin is going to bend either up or down it will not make any entry until it is extinguished.
Many of us do not have a lot of misconceptions or incorrect calculation entries that cause us not to hit the target.
Do not buy-sell unless you have received a confirmation.
Looks like this coin is up then let's buy
Do not trade with such decisions on your mind
Heat will reverse No
What the chart says
The market is at no position
Where the trend is going
Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks
Learning and developing strong strategies is the first thing to actually do as a trader. Since no man or software can predict the market accurately it is better newbies to trade should know that you must make loses. If you have no provision for loses then I will advise you to never venture into trading. |
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It is going to be extremely difficult for that to happen. We are even praying for ethereum to get to $1000 not more to talk about $5000. However, in this cryptocurrencies market all things are much more possible but we should not hope that for now. The covid19 is seriously beat hard on the market.
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From now till halving in May is most important time to watch the activity of whales. At whales alert on Twitter I see a lot of buying bitcoin in huge numbers this days and send to unknown wallets. We expect good prices in the days to come but at the same time whales are going to still manipulate prices for better gain for them.
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For now I will only hold bitcoin and ethereum. It is clear that some of the coins are still going to lose there values significant but bitcoin and ethereum are two coins that I think are going to remain no matter what happens. I have seen that we would need to establish confidence in the mine of people in other to see great changes in the whole thing.
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in term of secure digital payments with low transaction fees the opportunity is huge. In term of mass adoption there is long road ahead as most governments won't use decentralized model. We may see some governments issuing centralized crypto in the future.
That is what they are planning to do by issue "central crypto in the future" but bitcoin is going to serve as digital gold. We are going to see surge in the bitcoin pricing. I strongly believe that that along the way bitcoin is going to be favour by traders and institutional investors. I see governments reducing their war against the cryptocurrencies as the paper money has failed us. |
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How do you survive in the current market situation?
If the bounty project is no longer profitable, what do you do now?
The question you have is the question we should keep asking ourselves time to time and no matter what happens there should always be ways out. Currently I have reduced my participation In bounties and focus on YouTube. I want to have channels that earning me money. Since I am at home now I want to used the opportunity to learn. |
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Is it true that Corona Virus may effect trading?
Is it true that Corona Virus is affecting Cryptocurrency trading? If so then I have some ideas which may help to prepare the vaccine in short period of time to control the Corona Virus. However I am unable to find a forum where I may share my ideas.
Corona has already affected the cryptocurrencies market and as it has affected other assets we should not expect any different. Bitcoin deep from near $10500 to $3888 is not a small thing and the fear and uncertainty in the market right now is still very high. We should not think that now still remains best time for cryptocurrencies because human beings is still the one trading it and emotions, greed and fear must play their part. |
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Amidst all the terrible news that 2020 has brought us, one cryptocurrency may actually be getting some good news. Tezos (XTZ) has always had a good reputation amongst users but now that reputation is starting to be represented in the market. Here is how 2020 is providing new hope and aspirations for the altcoin standout, Tezos: https://tokenhell.com/2020-provides-new-hope-and-aspirations-for-altcoin-standout-tezos/ Do you think 2020 is Tezos (XTZ) year? 2020 is a year that a lot of uncertainty has developed and the market both stock, commodities and forex including cryptocurrencies are generally down. I do not think that Tezos is from another world and therefore it is not going to perform different. People have to survive first before thinking of making profits or investments. We need to kill the pandemic first before any coins or Tezos grow. |
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Bitcoin isn't supposed to do anything. It's the honey badger of money! this global pandemic is here to stay
cash will carry virus, so bitcoin is the way..
economy is falling down, stocks in red , bitcoin is the way. Looks like they are both falling together. Like I've said before, a bullish global economy is good for BTC because it encourages speculation and risky investment. A global contraction would do the opposite. buy supplies and food for atleast 3 months. fill gas in your vehicle.
If GDP estimates keep dropping and stock markets keep dumping, crude oil will keep following them down too. Given your prediction, you might as well wait to fill the gas tank. Gas will get cheaper.  This is one of the best reply for some of us calling for bull market at a grobal recession moment because of the infect of covid19. I believe that most of our political and financial analysts did not see this coming. Bitcoin exist in the world and it could not have done different in the face of this pandemic. |
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What does you guys thinking about the bitcoin fall because of the CORONA Viruses catastrophe? Will bitcoin fall to $3000 in this year of 2020? And what's about the halving?.
Many of us did not expect bitcoin to fall because of covid19 but that is what has happened and that did not mean bitcoin is weak but people sell off because of fear and panic. I believe that we cannot only regret when the market started recovering again and we make money from holding. I am also seeing many countries trying to study it this days than before. |
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I did not see that happening! Ethereum might not even reach $500 this year and there is notting much to expect from the market this year because of the covid19 pandemic. The only coins that might make surprising movement this year is going to be bitcoin and that is because of the halving.
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Many people did not understand that bitcoin can play the role of safe haven like gold in time of crisis like this and therefore are selling for cash in other to solve the problem that covid19 has caused. I believe when everything settle down peoples are going to regret why they sell off at this time of crisis.
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