What are the best fib levels to buy at? or if there are any resources could you please point them my way.
In the weak trending market the best level to buy is 61.8% and 38.2% this level most times bring to an end to a bearish trend and create another opportunities to buy at a low or over sold area. But you should not depend on Fibonacci alone! you have to combine it with others indicators in other to get more accuracy in your decisions, because most times, those level can lead to a false breakouts and make you lose money than what you expected. Candlestick formation as a confirmation signal will help you greatly.
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There are a lot of ICOs happening around. What things do you check before investing priority-wise?
The first thing I look for before investing in any ico is the technology, since the cryptoindustry is about advince technology I always look if there is a different in technology from what we currently have and if I see that there is a different then I tick it as number one. I secondly look at the teams behind the project and the efficacy of the developers to run this project with professionalism.
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We can actually see how difficult it has become because of the percentage of the bitcoins that has already been mined. I think we still have a long way to go for the current mining rate to reduce around 10%. I think before the end of next year people are going to find it very difficult to mining bitcoin and by then most of the coins must have been mine and the current mining tools we have outdated.
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Before the end of 2018 I am predicting that bitcoin will get to $15,000 and my speculation is based on how bitcoin has been moving in 2017. We can said bitcoin has a fruitful year in 2017 because from the beginning of this year many people were speculating that bitcoin will get to $4000 but we are currently in $6000 and we may still go further. 2018, is going to be another bubble year as the road to it is looking smooth and appreciating. I have been following the trend since the beginning of the year and we are now in the strong bullish position.
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why after price Back to 5,500 back again to rise (Must price Down Because many sell BTC to get BTG)
This is good news and I just checked bitcoin price now from https//coinmarketcap. com and bitcoin price is currently above $5,947. I have noticed that bitcoin has resume it earlier trend from$1,750 that lead us to get to $4650 in early September and push us to $6150 this month and a broken of that level will get us to above $7000! The influence of the desire for getting a free coin from the bitcoin splitting cannot be overemphasized and this is the major reason why bitcoin is recovering now.
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Among the available coins we have in the market bitcoin still remains the most pump coin in the market and litecoin remains the most stable coins in the market! We can not but said litecoin has a resemblance of currency than every others coins as many experts are classified bitcoin as an assets like stocks and not currency because of the way it price fluctuations among others major currencies like dollars and yen. Litecoin is going to rise again but I do believe that it has it own unique idea of how money should be price and not be controlled by the bubbles we are experiencing from others coins now .
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2/3 bitcoins have been mined, is it still worth to start investing in mining now?
It is advicable that you should invest your capital in mining tools like graphics processing unit (gpu) that you can use to mining bitcoin and others altcoins as mining bitcoin now has become difficult as miners with big mining tools are the one that can make good profit from investing in mining business now and because this the more people that joined mining the more difficult it will be as the remaining coins to be mining are in fraction. You can also used your tools in mining bitcoin gold and bitcoin cash as this coins will take a long time to be mine.
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Most of us seen bitcoin as an Assets and we tried to take advantage of it price increases to always buy at price correlation and sell at when we see the price pump up. However we have to see bitcoin as a currency as it was made to be from beginning. We need stability for the business men to be able to adopt bitcoin as a mode of payment. If we actually what to make money from it we can be doing what we are doing but if we what bitcoin to replace fiat currency then it most be stable and has value in itself.
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I will follow you on twitter and try to follow you on most of the articles you are writing about airdrop. I didn't know much about airdrop and how it works but will try to study it from the articles you are published and if possible I will advise you open a telegram and newsletters on this. I have seen from this forum on airdrop and how people are making coins through it but I don't know the risk involved and I want to know how this works generally and were and how to take opportunities.
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If you have good risk capital I will said you should go for investment instead of mining and the investment should be in the five most invested coins. Mining is good if you can buy s9 and good gpu for altcoins, you can only get good profit if major cost of operation in mining business which is electricity is cheap since this always take away all your profits if you did not get it cheaped. You don't power investment you only need to spend time to learned how coins are been traded and put in your capital and watch your investment growing.
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Of a truth a lot of scaming activities are on going and many people are been scam every days. Wallet provide services are pumping up every day and we do hear story of how much people are lose on bitcoin related scaming activities. I just read a story just now on how a guy lose 0.11bitcoin due to fake wallet providers online. I will keep to what I know and that is using blockchain.info wallet and xapo if I most use online wallet. I lose money true ethereum wallet providers in April and I did not expect to make the same mistake again.
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Bitcoin Gold have much potential compare to many altcoins in the market that you didnt know what the use. Bitcoin Gold is easier to mine using just CPU and mobile phones, Bitcoin Gold is Next to Bitcoin and last is that Bitcoin Gold is much have reputation compare to any altcoins releasing in the market.
If bitcoin gold has all this potential why are people dumping it at yobit exchange as if one of the shit coins. I think we would need to reevaluate our actions of making money one and focus on what a coins will be over times. Many of the exchangers have not even listed bitcoin gold yet but those that have listed are already been loaded with selling orders. Bitcoin core need a serious competitors in other for cryptocurrencies to becoming something that the whole world will enjoy.
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I am most concerned about were a project or an ico will be listed and technology and teams behind that project. I have bought some coins during ico because there was a promise that those projects will be listed in poloneix or bittrex and most of those projects are actually listed on those exchangers and when there are listed there most times double in price. Technology also matter as this is what drives a coins from beginning and most times people will buy into a coin because of it technology.
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I don't think you can mine bitcoin core with graphic processing unit in 2017 and the current rate of bitcoin price. I have been consulting with expert in this field and most of them recommend that if I want to mining bitcoin, the best mining tool I should buy is s9. However if you want to mining altcoins you can go for gpu for the options of mining many different coins. I have also noticed that electricity is the major operational cost that one can have and once you can get this side of the business free you can go far in mining business.
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Bitcoin gold in a long run will have the same behavior with bitcoin Cash and I don't expect it to increase in price more than bitcoin Cash on the long run. Bitcoin gold will get pump on the days of splitting and get dump maybe three days after. We can actually see the reaction of traders today when yobit listed bitcoin gold on their trading platforms. For those that are looking to get free coins after the splitting of bitcoin gold from bitcoin core should fund they yobit account with coins and get free bitcoin gold coins. Another thing that will control bitcoin gold price is the way bitcoin core has remained the gold standard to others coins and a channel of converting coins to fiat.
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It is a pattern that is repeating itself and we may actually see a big rally from today before end of this month and from there some of them will correct and recovery and make some gain. Bitcoin has retracing a bit to $5810 and ethereum to $286. I think this time around after the splitting we may see bitcoin above $7000 and ethereum close to $600. I still believe that now is still the best time to buy most of the coins as there are very cheap now.
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This will depend what comes out of the splitting and hardfork. Though many traders or investors did not know that the hardfork and splitting are two different events. Many people are buying bitcoin now in other to take advantage of free coins that is going to come out of the splitting between bitcoin core and bitcoin gold. If the price of bitcoin core get bullish momentum or get pump after the hardfork then expect altcoins to remain in range and if care is not taking getting more dump. But after the splitting if bitcoin price fall or moving towards bearish market then we would experience pumping of altcoins market.
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Do you think we can go beyond 7k before hardfork? ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The hardfork is about 5 days from now and we have already cross $6000 I do believe that any moment from now the big investors and the whales who knows how things happen in this market are going to take advantage of this next splitting in other to get free Bitcoin gold coins. That is going to push bitcoin price above $7000 and not only that has foreseen this but many of us including some traders from reddit are investing in it. I don't think that there is no bitcoiner that will not like to take advantage of this free coins.
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I doubt if this is going to be possible as the price is currently below $350. It will take a significant pump for ethereum to get to $1000 and I don't think that will happen this year but probably next year. I have been following ethereum chart and the price has be in ranging market for quite some time now and if we have a breakout we will see ether at around $500 and if we got another attack on cryptocurrencies ethereum may fell below $150.
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I am happy as you all for reaching $6000. But I am worry about the crash in 2018! Reason: 1- Only bitcoin from all cryptocurrency is moving far far away from all other coins. 2- Ether is moving slowly up and steady. 3- As we are all aware 2/3 of all high profile ICO either are scams, or legally scams to be announced. 4- At least 3 from $50m + raised ICO are having problem executing! 5- EXCHANGES..EXCHANGES...EXCHANGES...THESE ARE THE TICKING BOMBS..
I did not understand you, are you saying all other coins are going to clash to bitcoin? I expect 2018 to be one of the best year in the history of cryptocurrencies as we are becoming wiser and making cryptocurrencies investment with skills and knowledge. Many major markets players has foreseen and forecasts great progress in 2018 to 2020 for bitcoin and others major coins and I will stay with most of this forecast. You are right by saying that 2/3 of the ico projects are scams but the reality is that the remaining 1/3 are doing well and serving the purpose there are established for.
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