I think, Bitcoin is not going to become the only currency in the world. It's going to become the only public ledger in the world. other currencies and assets will use that ledger to record ownership, which allows all sorts of assets to be used as money, including fiat. It's just that any fiat where the issuing bank continues to print will see the price of it's fiat fall so much that the extra liquidity they tried to create vanishes. at which there is no advantage to printing and it stops.

In my opinion, the most important reason is over-leverage. most Forex traders don't really have any sense of how much risk they're taking on, and think the game is to try to make megabucks on every single trade. ask your typical Forex trader how much their open positions will go against them if the market moves 1% against them, most have no idea. If I had to pick one change between my newbie days and becoming profitable it was worrying much less about picking a correct direction and focusing primarily on my effective leverage.

In my opinion Bitcoin got to nearly $20,000 because of massive media attention, with stories featuring in every newspaper and website, however mainstream towards the end of 2017. the balloon inflated and popped, but now, the naive investor is going to listen to the story of how people lost 50% of their money in a week, so they won’t come. for now, I would look at Crypto as a gamble with highest rewards, and not an investment tool. my recommendation is spread your money across a few cryptocurrencies to avoid a loss on only one.

I think people don't have a good understanding of Cryptocurrency. it is just the first application. these are going to grow and be robust distributed network ecosystems with applications and services worth trillions in economic output and bitcoin or other altcoins are going to be the primary basis by which you pay for those services. buying bitcoin now is like buying a piece of the internet before the web browser hit the market. You are buying a percentage of 21 million coins that will ultimately be in circulation at a huge discount to it's total potential worth after adding all the aggregated services and applications built on the blockchain.

The estimate is 2140 based on the block reward halving frequency of four years, If bitcoin was still the Cryptocurrency in 2140. However, the miners will not stop mining, they will just stop being paid by the release of bitcoins, instead, they will be paid solely by network transaction fees which are paid by users sending money on the network.

Trading incurs fees, requires time and effort, is generally perceived as stressful, and opens one up to the value depreciation of fiat. It should be done with moderation unless one enjoys it or has some significant edge over others. It's a form of gambling. also, it requires technical analysis which is a specialty that can take years to learn and decades to master and with the FINTECH industry trading becomes even more difficult to come out with a profit. that being said I've made all of my money by hodling, I hodl because I understand bitcoin and realize it's potential and how it is designed to go up more and more as time goes on.

Both Cointelegraph website and youtube channel is my favorite source to learn about the latest news, prices. Especially, I like that they provide analysis and make interviews with cryptocurrency influencers. I also watch videos of Crypto Zombie and Crypto Trading. I think youtube channel of Andreas Antonopoulos is great for following. also Crypto Daily always has top news stories, informative and entertaining, and does a meme review about once a week.

I think in terms of buying Bitcoin, there’s never a upper limit amount to buy. therefore don't think of it as an investment. It's a gamble, pure and simple. However, I will leave you with this fact. only 21M bitcoin will ever exist. approximately 3M-5M of that 21M bitcoin has been irrevocably lost, and block rewards are halved every 4 years and therefore bitcoins gain scarcity exponentially. if all bitcoin were in circulation and every human had an equal amount, that would equate to roughly 0.003 BTC. that is a good metric of wealth within the Bitcoin economy. thereby, just think about them and say why you should be careful about Buying bitcoin?

People lose money due to lack of patience. they learn a few tricks and think they can make it big. this industry takes years and years of experience. If you want to learn how to trade, treat it like a legitimate business. if you are trying to be a good trader and you have a hard set of rules those rules are your job. If you break your rules there is consequences. Imagine if you broke a rule at your actual job, the first time there could be a don't do this again type of consequence but what about a second time or third time? thereby, treating trading like more of a job instead of a side hustle could help you.

It's because you are having to predict price movements down to the hour or minute. combine how hard it is to make extremely specific and precise short term predictions accurately with the costs of high frequency low holding period trading and it's very easy to see why most of them lose money. Day trading is inherently a fool's errand unless you're breaking the law to gain an advantage other traders don't have. I recommend don't even bother day trading. It was killed by institutional high frequency trading and it was always doomed in the long run because of the above. making precise predictions is much harder than riding a wave.

I think capital is the most powerful thing you can have. It lets you trade differently, with more options, less risk, and more time to turn losers into winners. It's why percentages are useless to talk about. It's why trading strategies don't scale across account sizes. The way you trade at $50 won't work at $500, and it's different from $5,000 and 50,000 USD dollars. It's also why it's not worth it with small accounts while it can easily replace your job with higher amounts. lack of capital, misaligned strategies, and poor risk management are the main reasons why people lose money. thereby, don't rush for trading with small capital.

I think the first thing you need to learn is how to control your risk. Know exactly how much money you can lose on a trade before you ever place it. have stop loss orders in place. most commonly, people lose money due to this point because they hold out losses, thinking they will recover and end up losing more, while most people usually cut profits too soon and don't stick with their strategy and trust their DD, giving up greater potential gains.

The market is driven by supply and demand. when you cut inflation by half that is a big hit to supply, also some miners will stop mining, therefore less sell pressure. However, each halving is by definition less than half as significant. going from 50% interest to 25% interest is a big difference. going from 0.05% interest to 0.025% makes no difference despite being the same halving. somehow halving are supposed to become twice as significant since the coin becomes twice as rare, which is crap. the first time it stops working it’s over and bitcoin will suffer greatly at the expense of altcoins.

I think as we faced two years where there was many corrections, so I believe that next year would be a bright and very promising year for Bitcoin and cryptocurrencies in general. During next year, I believe that we are going to see many people exiting the market every time that the price reaches around $15,000. this happens because there were a lot of investors who entered the market at the ATH and now they wait for the strong comeback and get their money back. further, I think that 2020 would be the year where the price of bitcoin is going to break the $19,000 level and reach a higher value because of halvening event.

Bitcoin will not become the global reserve currency as long as the powers that be still have a say in the financial system. In addition, there is no possible way bitcoin could handle the nominal of any significant percentage of world trade. to get anywhere close to this, the nominal value of a single bitcoin would have to be in the hundreds of millions of dollars. that would raise the value of the block reward to astonishing levels, and would require that mining costs would have to rise to accommodate.

Sometimes people are trading out their alts for bitcoin, sometimes they’re trading bitcoin for an alt that’s really bumping, but Bitcoin has the most use, most transactions, widest adoption and more. It has more value than altcoins. therefore the price increases and as people find altcoins less valuable, their price decreases. However, I think Altcoins are most likely falling due to the upcoming fork, everyone wants to get free coins, I suspect there will be a big pullout of BTC back into altcoins post fork. Altcoins will continue to grow as adoption spread, and BTC is just the gateway.

Do not use new and unknown exchanges. there are so many negative stories about them in the history of cryptocurrency space. Many people couldn't withdraw their coins and many of them gone forever. About your case, this is the first time I am hearing about them, and both of them are down for now. Don't forget, decentralized currency does not work well with centralized systems. It removes all the security and freedom that Bitcoin was intended to provide. Always use popular and authentic centralized exchanges such as binance, yobit and coinbase, or use decentralized ones such as Bisq.

I think almost all new altcoins have the same technologies and capabilities as top altcoins, and therefore new altcoins will not be able to survive, but those new ones that appear with original and popular technologies will be able to survive and after some time will break into the top altcoins and the same thing i am looking in this project like Tron and Vechain. The adoption of the new altcoins will not give any impact to the old ones and the future of altcoin will be determined by the altcoin itself. In my opinion the competition will always be running and the ethereum and ripple will remain in the same place for the future.

For today i can recommend spreading 1,000 USD between 10 assets. for one, my best advice is do some research and don't trust random strangers on the internet to give you financial advice, and don't forget a lot of smaller coins will end up going nowhere. which means all your patience will leave you with no money, instead of the 100% or even 1000% returns you could have got by just buying BTC and top altcoins. thereby, go to coinmarketcap.com and research the top 40 coins, then pick ten that look like safer bets and put 1/10 each into them.

I think the manipulation is only going to get worse, and the reality is there are very few practical solutions. Price manipulation creates extreme volatility and whilst that provides opportunity for investors and traders it will effectively kill off any chance the currency coins will have in becoming a reliable, stable alternative to fiat. However, at least crypto creates a different kind of whales. Instead of the typical businessman who relies on government for subsidies and favorably regulation, we have computer nerds who bought early.