yes,it is true if china brings a big effect if china prohibits Exchages Bitcoin and we know that China has the largest number of inhabitants in Asia as well as the largest user of Bitcoin.
I think if china does not prohibit Exchages maybe this will have a good effect for Bitcoin and if china prohibits Exchages maybe this will be a bit bad for Bitcoin.
Well, they did and the effect is not even something that we saw for long and bitcoin has done so well this year than every other year. We should stop focusing on China and focus more on bitcoin. No country can have a huge effect on bitcoin anymore and gone are those days of huge uncertainty when everyone can just drop any statement on the media and then everyone starts getting scared. Right now, the market has shown pretty well, that it is stronger than whatever comes from China or any other country and that is how it is going to keep being until we get fully established. |
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This will be a fun thread to look back on by the end of 2018. I want to just log my thoughts here, so that I can come back a year & 2 weeks from now & see this post.
It's definitely possible that BTC could go to $500,000 by the end of 2018. Look at what people were saying at $1k..."I'll eat _______ if BTC goes to $10k by the end of 2017". Now we are at the end & it's nearly double that.
The thing is that only a small portion of the world's money is in BTC right now. As price continues to climb, more people go from "wtf is a bitcoin" or "It's a bubble", to "How do I buy some of that".
If price ends the year at something like $25,000, then that is only 20x for BTC to reach $500,000. I use the word only loosely, because currently in the cryptosphere you can say only 20x & people say "yeah, that's nothing".
It would be interesting later in 2018 to come back here to really see what even really turned out to be. Most times when I read some threads far back and the discussion of so many people and how bitcoin turned out eventually, that gives me some hope and really this forum is just pretty awesome. The price ending this year at that value would really mean we can expect some huge rise in the value of bitcoin next year. No doubt! And how huge that is going to be, no one knows and even John Mcafee is so optimistic about it. |
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I do read these types of threats over and over again and mostyl all of the answers sound like: never ever invest all your savings in afluctuable market like this. For sure you should have been doing this back in 2013 or back in 2014 or last month but even since I am a strong believer in btc and some alts (ltc, for example), your investment could turn out to be worthless one day...
good luck though
Even at 2013, no one should have done that. For those who did, it could have paid them now, but that does not remove the fact that it is still a very risky one to take. The bigger the risk, the bigger the profit as well as the loss and unless for someone who is not afraid of starting all over again, then that is their call to make. No one can make that decision for anyone, but at least any decision that one is ready to make, there must be readiness to accept the outcome however it happens. |
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I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
First of all you need understand how risky trading is, because if you do not understand it most likely you will get emotional and be illogical when trading. If you think you can control your emotions when trading then study technical analysis there are thousands of tutorial videos in the internet, You do not need to learn chart reading specifically in crypto currency chart for stock market and forex are okay because all of them has the same concept. Practice by creating a demo account, do not rush creating a live account. If your trade are winning in Demo account it does not guarantee that it will be the same in the live account but at least you have some experience in trading. Diversify but do not over diversify i personally have three to five coins for trading but I am holding a few more on my long term. Also do not listen to some random person in the internet all of has their own motive, you will notice this in social media like facebook and telegram ignore them do your own research. Really, that is the reason why a lot of traders get emotional and then they panic seriously until they get frustrated to stop trading. I have been there ! There is something that learning gives you, some little confidence to do it well. And when you start practicing all the stuffs you have learned, you start gaining even more confidence in applying them very well until you become a pro. Every pro started from somewhere and rushing would only make it worst. |
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Gambling addicts always tend to be away from their families and even if they are present you'll feel that they are constantly distracted . They'll always be having some debts here and there and you'll realise that they are in pain most of the time . Such people prefer to gamble with money than to buy food with it and that addiction could make them loose everything they cherish in life .
Pain is something that will be obvious and notifiable to you. You can observe them and their behavior will ultimately show you they are running their lives in some pain. Plus like you have said, there are some chances that they have taken debts. They are manipulating and saluting the losses and profits every time. They don’t know in which way they are going in their life. |
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People share tips because they want to help, we are humans, and we are created to help each other like sharing knowledge and idea. There are also people who tend to share tips that is wrong, means they lie for its purpose is to get revenge. So be careful to a person who give tips because we don't know if it is a trap or not, especially if you don't know that persons.
Yeah, we are humans and the funniest part is that most of the people lashing those who share tips here are benefiting from them. Definitely, there are some people who take advantage of others with their crazy tips which does not really work anyway, but for their own selfish reasons at times, but there are the good ones who just want to help and then find joy in doing so. Hardly will you find people these days that are willing to do that for free. |
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Anyhow however.. it's not easy to do, if we're just the ordinary people who are still dependent on government regulations.
I myself haven't been able to thinking that far to makes such an effort, still unreachable to my mind personally. And I think it seems like if it really intends to doing that, it would be really takes a very hard effort.
Legalization should really not be a problem. I see a lot of people talking about tax, but even without the government solely declaring that they are legalizing bitcoin, a lot of countries are still seeing it as a commodity and it is being taxed. I am sure it will eventually mean a lot for bitcoin as that would show the government really accepting that there is nothing they can do to stop bitcoin than accepting and just benefiting from it. |
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It is encouraging to know that bitcoin is starting to be used for really useful and beneficial things for society, instead of being an asset for the exclusive use of speculators and investors, although it is true that these countries are extreme examples in which bitcoin can make a difference.
The truth is that we are not even there yet and when that really starts happening, then we should even expect bitcoin to even be a much more savior both in usefulness and asset than it is right now. Bitcoin has really shown us what it has for the future and it is just left for us to accept, believe and embrace it the more as a community and that is all that is needed. Yes it can be a savior in a hard time and could be the investment in the future, so no matter which point of view you used, Bitcoin still give advantage to us, if Bitcoin could be legalized in a lot of country, then it will become a secure and perfect money to used and invest
For the future, it has really proven its worth and then even with the present for those who started out earlier, it has proven to be a very good coin to hold as a future investment as well as the future of spending as a whole and when that time comes when the building is strong enough, then we will start seeing more residents and then a good solid future the more for bitcoin with a lot of people finding solace in holding it. |
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It started it with shit. I invested in bitcoin and when it started to decrease the price i panicked and sell all may investment and loss some of my money but then, it suddenly increase rapidly and I was just like "what?". Now, I invest on it again and just need to have more trust that i will gain from it now.
Like they always say, the difference between a rich and a poor man is information. So many people hardly go out to look for information, some even get lucky with the information flashing in their eyes but they never bothered. Knowledge is key to earning and that is why we see some people using their skills to make some bucks to day and even those without skills are still using the little information at their disposal to do well for themselves. Curiosity was really all got me started with bitcoin some years ago. I was reading some tech news and then I got to read some news on bitcoins. I got so interested and I started doing some research where I started on coindesk. Up till now I am always happy I decided to take the risk and make some pretty good decisions which is really helping right now. |
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How to start a trade with small amount?
I am not a millionaire.I have jaust some money.I want to trade with my small amount.can I do this?Then how?
I dont know how much funds you have but some people advice to invest to some promising ico. That is how i also start my trading, starting low yet can still profit. People nowadays see the price of bitcoin too high, thats the reason why they are afraid to invest their money. But if you look at this in a positive way you will see that investing to alternative coins will still give you big profits in the future. A promising ICO is really a good way to start but you just have to do some little research to be sure you are not putting your little money in the wrong place. I have been a part of some ICOs like KICK, ENG and so on and after holding for a while, they are really improving gradually. As long as they are coins with products, then you can be rest assured that in the long run, you will do well holding those coins as they will increase in value. Being vast in trading is actually good enough for someone to start. Even if just learned some few things, it is always better to practice little first before going ahead with the big one. However, for someone who does not have a trading knowledge, it is always better to find other form of investment as that would be a colossal failure trying to trade with it. |
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Diversification is a better option here, you're basically opening yourself to potential huge losses. Bitcoin may not fall anytime soon, so it's a bit different, but if this was fiat money you were talking about and a certain currency, that'd be a deathwish. Also cryptocurrencies are not designed to pay for basic needs such as groceries or anything else you may need during a daily routine, so keep that in mind.
I really do not understand why people do not understand the importance of diversification. It is one thing to know that there is a possibility of something working well, and it is one other thing to also know that there is a possibility of things going wrong. That is enough to let any investor or trader know the necessity of spreading risk. Going all in like you said is even crazy enough to give you high blood pressure with the huge volatility risk of cryptocurrencies. |
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i agree that bitcoin change everything. Especially now its price has risen substantially to its previous price and because of this the view of the Bitcoin person is very high. It's not the same date that most of us know now. Bitcoin change everything's really hoping that next year's release will be more prominent and its price will increase to attract more investors to make money for it because we all know that bitcoin is have a better future.
The thing is that no one really knows the peak of bitcoin but the rate at which it has been pretty much moving up lately has just been superb and interesting. No room for wasting too much time, which is how I see it. Bitcoin is already in the eye of so many investors, we are gradually penetrating the mainstream and when we get to see so many things getting implemented and developments coming up, we should expect a whole lot more changing. |
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More people are now investing into bitcoin that is the reason why the price went up that fast in the past days. Maybe right now we are just experiencing some correction that is why the price is hovering in the $13,000 level but I still expect for the price to go beyond $18,000 before the year ends.
Yes, It is just another correction, nothing else. Bitcoin is just getting ready for its next target which is not 18,000 dollars rather 20,000 dollars. I am pretty sure that this coin is going to reach this value by the end of December easily. I think there is no issues in waiting for bitcoin to recover its previous value. This is nothing new for the bitcoin investors to have some light dump before a drastic pump. It is really getting ready for its next target. In fact, I thought we should be heading to the moon considering breaking resistance yesterday only to get to see a fake top early this morning. Really looking out though for double top as that would really not speak well. I hope we head back to testing the previous top soon though otherwise, it may end up being a journey to support. Bitcoin is really getting more popular than we can imagine and with most of the developments that are coming now regarding mainstream levels, I sure believe that would give it even much more recognition, so we are not even fast enough yet. The funniest part is that it is not even hot yet. As far as I am concerned, bitcoin is still very cold as a time would come when a lot of us will even be more scared than we are now at the rate at which it would keep increasing nonstop. This is more like a tip of the ice berg. One good thing I am waiting for is just the usability because that would drive more demand for it. |
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Thanks for Pizza and Beers but when non-investors will see us enjoying bitcoin delights, won't they be wishing to join us in treat!
Therefore, I don't think after listing on futures and along with series of worthy forks (like Super Bitcoin, etc), bitcoin is going to have any stability. Its demand will rise like before and prices continue to rise which can easily cross $50K during next year.
Yeah, listing in futures may drive us upward in the long run and back or just drive us backwards a bit now and then upwards in the long run. One of this is definitely bound to happen anyway. Demand is something that is expected to rise and we should expect that to really cause some upsurge in value but how long this present rally is going to last is not known yet. Stability will be a whole lot to ask for right now with the introduction of the wall street guys in the market. We may shoot past $20,000 even in upcoming weeks, but nothing is guaranteed. These guys are the manipulators of the highest order and they will try all their best to shake off weak hands and buy back from them until they have a solid position in the market. |
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There are loads of people out there who are losing money in this bullish market. One of the groups is technical analysts.
Don't get me wrong, I love TA, however it seems TA is really just not very effective on crypto.
That's true, but a lot of people are influenced by TA. I have been doing it recently in tradingview just to influence bullish tendencies in people that visits that site. Theres so many bearish "predictions" there that I had to do something. TA still works but if you are smart, even with your TA, you still have to try as much as possible to follow the trend and not be too relaxed that everything can just go as you want it. Not sure how the next top is going to be like but with the charts right now, nothing can be smelt yet. It is good to just be careful at this stage. I really do not know why I have been feeling uneasy with this whole future thing, but it is good for one to just remain optimistic anyway. |
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How to start a trade with small amount?
I am not a millionaire.I have jaust some money.I want to trade with my small amount.can I do this?Then how?
could you start trading with a small capital. but what you need to know is the science of cryptocurrency trading is very valuable than capital. I suggest you to learn in advance about trading before you start to trading. Anyone who wants to trade without having some knowledge will definitely not be helping their pockets. Trading needs knowledge to make good predictions and use several strategies to make a good call. However, not everyone even knows how to do this and then they keep trying their hands to see if they can get lucky. If what a trader is counting on is luck and not his skills, then such a trader is just gambling. No matter the amount you trade with, if you are good, you can still make do with it. |
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I'm still a newbie here but I felt like all the coins on etherdelta are pump and dump coins. I know that it's not true but as the volume is so low on Delta, people are not able to buy or sell at the rates they want to. I'll definitely stay away from it until I learn the basics.
EtherDelta is a decentralized exchange for ERC20 tokens and it is just normal to see most of them as pumps and dump coins since most shit coins are made on the Ethereum platform anyway as scammers saw it as a quick way to make shit coins and get users funds to put in their pockets without caring if the coin gets developed or not. You can only make profit with this kind of coins if you can only predict the timing of their pumps but they can be so risky. |
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How to start a trade with small amount?
I am not a millionaire.I have jaust some money.I want to trade with my small amount.can I do this?Then how?
Obviously a millionaire will not even be asking how to start trade with a small amount in the first place. It is easy to do. I remember I started trading with as little as 0.01BTC and I grew it within few months before I decided to go in large. I did that to test my trading abilities anyway since it is more of a reasonable thing to do than starting a trade with a huge amount. That gave me some confidence. Moreover, you have to consider that it is better you start with at least $100 to get something reasonable for a start, otherwise you will be deceiving yourself and it would be better you find something else to do unless you plan on practicing what you have learned anyway. |
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The government will accept this market in future they won't have any option the value for bitcoin will increase by so much and private business will also start preferring bitcoin and after sometime the government will have to accept bitcoin in the economy with all the oressure from people
They are going to accept it but the issue is how are they going to accept it, are they simply going to say OK and let bitcoin do its thing because that is very unlikely, what they are going to try to do is to try to regulate it but I think that at the end even that is going to fail since people are going to try to get around that regulation and bitcoin is perfect for that since no one can take your bitcoin from you without your consent. The future is good, but regulations are going to be established by the government. Recently rumors are there that there will be country specific coins to be introduced. So mostly it will be accepted for sure, but we will see restrictions and rules implemented upon it, be it country specific rules. i think it will be depending on the pressure that will put by the people on their government. I am sure that in future when the users of bitcoin will increase then they will surely turn bitcoin as legal currency. This will depend though as we may not really see it everywhere. However, the government cannot really do much than to just accept people to use it and they will just have to find a way to control its usage via exchanges. Some may just keep a blind eye to it while the activities keep going on but still have a hold on the exchanges. Things are changing and even the governments are worried that controls are changing hands, eventually, just very few will end up using fiats in some countries that are technologically vast. |
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At present, there are still many countries that legalize bitcoin and do not legalize bitcoin.For countries that accept bitcoin, they will see
bitcoin as a commodity, who uses bitcoin when buying or selling, they have to pay taxes.I think that's a good way to legalize bitcoin .
That wil support the economic system of the country
That is really the way most countries are seeing it right now and I guess that is the way it is just going to be for a while until there is a clear regulation for it. Yeah, legalizing will definitely help most countries in the long run for the early adopters right now as it would make their economy grow, a lot of people will be able to find ways to earn in bitcoin and once there is a regulation on its usage, tax will be applied and then a win-win situation for everyone. |
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