We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
You just need to be constantly preaching to yourself that all the signs are showing our perspectives and possibilities of cryptocurrency to become something big in this world, so it is the matter of time and nothing more than that. I think the point is first to stay calm when the price changes get worse, then second to do what you have to do with the coins you keep, do you hold or sell? of course holding is not the first choice because you can see the price is lower than their post, if prices tend continue to fall, then I think selling is the right choice and then you can buy again at a lower price, that's what I did when difficult times in the crypto market. Well practice making small trades. If you don't want to hold, there's still opportunities of making small profits with this market. Though for some, the risk to reward ratio won't be worth taking. |
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As this drops are happening in the coins and tokens market I used to hold my coins and tokens and not sell them in this drop. Potential coins and tokens specially. This kind of drops was a great chance to buy more potential coins and tokens to add up on your assets but it is more risky than selling your coin in half of its original price. It is like gambling also if you didn't risk surely you will not win.
Well i'd stick though to bitcoin and other established coins like eth when holding. Too many potential coins now that end up not having any value. Eth and trx are currently on my watch list as i think this is a very good time to stock up on these coins. |
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One of the reasons why other players still stay at old age.
1. Love of the game.
2. They are acquiring enough money for retirement.
40 is mostly the age they retire. After that there will be no money entering in their accounts.
They still got 30-40 years to live and I dont think the money they got from playing basketball can afford that.
Add up the life they got used which is mostly expensive.
So business will be their option since they cannot be accepted in office works for that age.
I do think Dirk is a wise man. His Teacher might have already prepared him for that.
Passion for the game surely is the main reason why they can't leave the game though they are too old enough for it. I don't want to dig some of his life decisions on how wise he is with financial management but he can still get a job after that. I remember Yao Ming when he retired, he got a contract to have a tour around the world to become an advocate of something so that can also happen to Dirk if he's out of NBA. Yao's story is way different with Dirk. If you are living in a communist country then it will be a different rule. It is like your momey is being halved as always for the sake of the government. That is why Yao have his own television channel way back. Somehow I think this is because he is giving a big share for his country. Maybe a shooting school business will really fit for Dirk. Opportunities are endless for dirk after his nba career. Or he can even continue on with his franchise outside the court. The guy knows that his years of active competition is almost over but the guy can still produce good numbers at this point in his career |
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Well it would be good to have most gamblers think that way. It'll definitely lessen the harsh effects of excessive gambling that may very well lead to addiction. Though i think you're the kind if person who is mature enough do that.
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I think its possible to amplify or pick up crime as a result of gambling experience. In particular, more so I think, in relation to old fashion walk in casinos.
Any person who has got addicted to gambling the chances of happening of crime also increases with that cases. Though it will a few % among that addictions who can commit crime and it will happen when they lose all their money and want more to gamble. Well it's the same when you get addicted to harmful drugs. Your body craves for it and when you don't have the means to sustain your gambling, you get to do things you don't normally do. It's like an itch that won't go away unless you scratch it and desperstion sometimes lead to doing things we don't really want to do. |
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You will never regretting your losses as big lost if you realize the risk from gambling and depend on your luck even though you pick low odds but there is no guarantee the results will be according to your predictions but that mean you still can able to win gamble but indeed luck will be main factor to do so because if you don't have it then whatever predictions or method would you use then it will be so useless
Well the best odds you'll get would be 50/50 or something with better odds but almost no profit when you win. So you really only win if you enjoyed your play time regardless of the result. Well winning money is a big bonus of course. |
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I guess it is, there is always hypes in cryptocurrency so yes, there is. Most investors and self proclaimed cryptocurrency expert are always doing so by hyping the price of bitcoin using a disgusted price predictions. It might even surprise you that the ETF Bitcoin acceptance is also another form of hype.
I think you wrongly understand the ETF acceptance because still not accepting the ETF and price also fluctuating gradually in current market. All the peoples are afraid in this situation because of bearish trend may be some little hype is satisfy your needs but true trends crypto market will not grow in this month. Well i think people already saw how jumping carelessly on a hype can end up pretty bad for you like those who bought in close to the ath price early this year. And we're not even sure that an etf will be approved this time. And if it does, probably it will see the price grow a little for a short time. Many people short their trades because of fear that this bear market brought. |
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This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market. well, at the moment the price is really stable for the price of $ 6k. well, maybe next month can be a benchmark for the next bitcoin price. I hope, the price of bitcoin starts to grow, and starts to stabilize at a price of $ 7k or above. Well i don't think a lot of people would be too optimistic about that return to 20k though. And i don't see why you could be so sure it'll be the same as last year. Entirely different situation where the market is coming from now. |
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I know people have been saying that since forever. This whole year people have been yelling ''bullish'' every day however, memes aside I truly think bitcoin is bullish. Obviously we are in a downtrend but I just find it funny when people lose their minds because bitcoin went from 7400 to 6700 in a day when in december we had $3000+ moves to the upside. No one was complaining back then huh? Technically speaking when you look at the weekly/daily chart you can see we are basically in a descending wedge which is, technically speaking, a bullish indicator. We have been forming weekly lower highs all year, however if the support area around 6000$ holds again this time, we will be in a really good position to actually break the lower highs, we would only need a 1000$~ move to break it for the first time in basically a year.
Not to mention the clear interest, governments/entities/businesses are taking in bitcoin. ETF's, Nasdq, etc etc, even if they aren't approved.
Well it's good to see someone here is being bullish and positive, all year round I have seen people panicking and selling their coins. I have been bullish to as all the news was fud, and at the same time major organisation were keen to add it. Indeed the support levels of 6k is very nice for Bitcoins, if we keep on sustaining it I'm sure 10k levels are achievable. I'm expecting the rally to kick off by year, hopefully it sustains itself this time. We also keep comparing everything to how things escalated last year on our way to the current ath. I don't think we can be in the same situation because after that run, things have been different for btc and the entire market. |
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BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.
This would be a very unfavorable situation for the entire market. And especially for altcoins, whose value would have dropped to very low levels. It would be a symptom of a very big crisis and a loss of confidence in the crypto market. Unfavorable though very unlikely. As unlkely as the price hitting 20k. A lot of people would be all too eager to buy when the price goes below 6k the same way people are shorting when the price spikes up. |
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in bitcoin market there is a effect of etf i think. if etf will approved then we will see the change of btc price. and i believe at the end of year the price will go 10k.
To be honest. If the Bitcoin ETF is approve now, we will only see the effect for just a month before people start to dump their coins because the cryptocurrency market usually experience a lot of shorts during this time and every soon people we also sell some of their for the end of the year holiday. Therefore, it will be next year before we can see much bull run or effect of bitcoin ETF that's if it was approve. Well there haven't been any approved etfs yet so what are you talking about? A price rise of 300 dollars isn't really something out of the ordinary that should get you excited. |
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Probably, news like ETF approval might drive in money into the market, but I would not be surprised that even with it, we might not even see any serious change immediately.
I highly doubt that actual new money will flow in just because of an ETF approval. The money that might initiate a pump is money that has been floating through this ecosystem for a longer while already. And then we also have capital shifts from coin to coin that keeps this market active. The only way for actual fresh capital to enter this market is to have another bull run attract more retailers, or that institutions go ham on a coin backed ETF. Both a bull run and an ETF approval are events with next to no short term viability to them, and with the bear market lasting longer, we should be happy that the $6000 level has been supported firmly. It's more likely to see money exit this ecosystem rather than entering. Right. A lot of people think that an approval could start another rally to get us to where we were before 2017 ended but i don't thnk many of them really understood what it meant. It won't magically pump the price if ever it gets approved and it's good effects may very well be for the long term instead of pumping the price. It's the whales that'll determine it. |
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I hope that is true, because indeed btc has shown signs of improvement and not only btc, many coins also experience price increases and hopefully investors, buyers and sellers of bitcoin are also happy with this situation.
The actual thing is that if the price growth continue like this one for some more time then it is possible that it reach $20000 but not till the end of this year because just a quarter year more to go and the difference is very big. There is no sign of unnatural pump in the price, and with normal growth it is not possible in just 3 months. We will have to wait for long time to see this price. Exactly. Things are taking it quite slowly and more naturally than what happened last year. I think we should all forget about ending 2018 the same way. Yeah there may be a sustained positive movement but 20k is way too far out for now. |
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What is our assurance that Bitcoin will stay for long or forever? There is a prophesy I have heard that Bitcoin will fall.
Can you share some strong reasons of why Bitcoin will last?
I think bitcoin will last a long time, why? because there are still many coin users there, as long as the coin is still in use as long as the coin is in search and as long as there are still many bounty hunters, bitcoin will always be there and survive, so what other reasons will make bitcoin disappear, the answer is no, even though the price Coin has now dropped rapidly but there are still many projects that work and run until now. That is the problem. A lot of people see it as a way to make more money but they are forgetting the other solution it brings to the world at large, aside just getting rich overnight. If this mentality can change and rather than seeing it as a way to get more, whereas, you are able to use it for what it is, and see the way it is far better than sticking with fiat, then the assurance will one way or the other start kicking in. We all want bitcoin to stay long and forever, but we also have to make that work on our own path as all we have presently, is more of a speculative asset in our hands. Well, it's going to be difficult to change people's view of bitcoin other than an asset for now. And i don't think you're reallu assured of anything in crypto whether it's bitcoin or other alts. Past movements have proven that things can change course in a finger snap. You just have to believe in the risk you're taking. |
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Hey guys, bitcon is now 6k again... what do you think, will bitcoin go to 5k or it is just a short fall and it is going to be 8k again soon?
The price for BTC will only grow and if the price will fall, then only up to $ 6000. So do not panic. Lol. Will only grow can mean a lot of things for different people. Some people can't wait for that growth you're talking about. There's still a lot of room for growth yes but at this point, i nothing's going to happen overnight. |
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Unfortunately, The price of Bitcoin has been in your script for the past few months and hovering around at your bottom price.. But in the past two days, the market has shown signs of improvement, let us just wait and see.
The does seems to showed the signs of improvement cause the coin capital were almost despite the fact that it already weekend and ifvthis signs continue till next week business days then, we are going to experience some pump in price or maybe a bull run. But it won't last long due to the December holidays. Well we've been pretty steady lately. And probably we're preparing for the annual last quarter run that always happen during the end of the year. I don't think there will be a new bottom anymore. |
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... payment protocol and money function at its starting price of 0.001 $?
Payment protocol and monetary function aren't why people are into bitcoin but because of its value. We haven't gotten to that point yet. Though i'm pretty sure most if us are aware that you don't need to spend for a whole btc right? |
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Will bitcoin prices rise beyond 20k in the future, and whether bitcoin will only stabilize at a price of 8k - 10k and it will be difficult to exceed that price.
The price of bitcoins will grow even more since there are a lot of people today who are investing a huge amount and that is the reason why you should invest today while the market prices are currently dropping. How do you know that a lot of people are investing huge amounts? The price clearly doesn't show that. For me, the only way we could go back to 20k is if whales do something about it. In the long run of course, that amount would be hit but not in the pace most of us are hoping for. |
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Unlikely the price will be stable that long. Bcos the whales will pump the price to get the next bag holders until crypto becomes mainstream.
Yes neither bitcoin nor altcoin price will remain stable for a longer period of time due to the fact that whales will pump and dump the market based on their requirement. Yeah that's one major factor to consider. There are those who have enough btc to move the market and i don't think these people will allow the price to be stagnant for a very long time. |
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Last year, Bitcoin started at $3,531 by August 11, 2017 to $19,248 in December 17, 2017. That's 445% growth in just 4 months. Last August 11, 2018, Bitcoin is being traded at $6,194 USD and it will only need 222% growth to hit $20,000 by December 2018. That is just half of 445% growth last 2017. So if question is to hit $20,000 by December 2018, it's very much possible.
Last year we had a big hope about crypto pumps, everyone was waiting for something big and that happened. But this year, at this moment, most of the people are in the panic, they are waiting for the market recovers to sell their holding coins. Last year people held their coin to make big things. So, I think there has a different! Laat year was entirely different. Bitcoin isn't as popular then as it is now. There weren't a lot of people who lost 60 percent of their holdings from 2016. People were curious. Now people are wary and doubtful especially new investors. That's why i think it'll be difficult this time for btc to get the same reaction that catapulted it to almost 20k last year. |
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