Let me tell you why this huge drop happened, the Bull Run has already started and it's already happening. Millionaires are about to invest all of their money into Crypto now.
What they did is this was done somehow on purpose so that they can buy as much Crypto as they can these days, before everything is about to rocket on about at least 500% - this is just my own prediction and not an investment advice.
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It’s funny how y’all had been silent over crypto topics in the past year and all of a sudden are back at it now.
Let me remind us that it is still deep. The previous peak is $19800. Also, it’s a disconnect to associate crypto with investment .They are just currencies to help with the ease and anonymity of your financial transactions.
Invest at your own risk as the volatility is very high since it is poorly regulated and doesn’t have a good historic data either.
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As Btc is in a constant bull run, I wouldn't invest in nothing but Btc for now. If it is a money you won't care to lose, then just leave it there. It will be up and down along the way, but it will reach it's peak again in July.
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If you really think Btc has no value, then just liquidate it, but answer yourself to a few questions.
Are you happy with your current return? If so, cash out and do not worry about the future price.
Yes the opportunity can get better, but how good has it gotten for you already? Greed can drive you in the wrong direction.
Its an emotional roller coaster that you have to tame. This craze is mostly based on sentiment, after all.
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If you took already a good profit from Doge, it's better to move to something more serious, as this coin has been created as a joke and for pure speculation.
However, I wouldn't invest more than 10-20% of my portfolio in altcoins as Btc bull run will continue most probably for the next few months.
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Nobody can guess the right time to invest or sell. It doesn't work that way.
We don't know your trade strategy, risk tolerance, account size, income, living situation, investment goals, or trading experience. So impossible for anyone to say what you should do with your money.
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Ah... people are quick to believe anything they read on the internet especially if it’s supposedly from a famous or known name. Psychology is a great marketing tool and a great way to attract people if you know what you’re doing. Just look at how many people rush into something for FOMO, or all of those stupid social media “challenges”, or even Russia creating Facebook ads with “fake news” to influence the US presidential election.
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This bull run comes to show that the rumors of crypto market being heavily manipulated by a handful of whales are probably true. There were no significant news or global financial market changes to cause a pump like this, yet worthless coins are being sold to someone for ever increasing cash value all of a sudden.
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I think this is very possible. People may not think it will be able to reach $100,000 or even close this this number but if you look at the charts, you can see that every time Bitcoin dropped by 85%, it would go up and exceed its previous ATH. It may not happen at the exact dates but I think it will happen. People would fomo in bitcoin as good news lands bringing the price up.
Charts data tell us about investor behaviour and their behaviour tend to be similar each time. Having said that, everything are just predictions and no one can be 100% sure that this will happen. History doesn't always repeat itself but following historical trends is better than just making random predictions.
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There are multiple ways to get Btc nowadays: participate in airdrop/bounty programs, then sell the tokens you receive for Btc. As a beginner, another good option is just to buy and hold.
When you are more experienced you might try daily trading and also mining Btc, but these options require important funds to start with.
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Cryptocurrency will never dissapear as long as Internet will exist.
New projects with new coins will be developed over time and most probably many of existing ones will be replaced. But crypto is here to stay.
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The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.
This might open the appetit for other crypto, as well, most likely Btc will be on the short list.
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If I were you, I would make some research on privacy coins. Any time someone asks what coins are a good investment, you're going to get every person shilling you the coins they own. Tough call on whether any ALT right now is a good investment. Alts are in the dumps right now and will continue to dump until BTC is done with it's moonshot.
No idea which ones would be good investments but a lot of people will undoubtedly shill you Monero. It might have been the first coin to market itself as a 'privacy coin'. Doesn't mean it's the best.
Monero (XMR) Zcash (ZEC) DASH (DASH) PIVX (PIVX) Verge (XVG) Particl (PART) Bitcoin Private (BTCP) Zcoin (XZC) DeepOnion (ONION) Navcoin (NAV) Spectrecoin (XSPEC) Phore (PHR) Zoin (ZOI)
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New projects are like gambling. It may seem that everything is perfect with it and people to run away with the funds. Also, you can see a small project which is not hyped and in the long run to make a huge profit.
Keep in mind to always check the company page, read about their vision, MVP, future product and most of all to check the team members (LinkedIn, reviews and etc.) In addition, you can also check their partnerships with other companies which are announced usually on their site.
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Since the amount is increasing now everyone starts investing back it will hit upto 20K for sure IF only the rise has been spotted by good investors with good money.
However, never invest more than you can afford to lose.
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When it comes to invest in alts, I find good projects to invest in, buy it and just leave it. If it goes to zero, I can still afford to lose it. If it moons, then perfect. I have seen so many traders who try to time the market and had some success but trading is just not for me so I prefer buying and holding long term.
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Adoption is coming. After Facebook entering these grounds, before that Samsung & Huawei implementing crypto wallets on their phones, everything started to change and Bitcoin started to receive the attention which he deserves, other cryptocurrencies also.
Whole Australia makes a move to add bitcoin ATM's, payment systems and it is suiting them well for now. People are starting to understand the decentralization and moving toward it.
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People predicting Bitcoin's price are very funny:
> If value goes up, value goes up! > I'm not sure about prices increasing because I don't know! > If BTC goes up another 50% it can go even higher maybe!
Great predictions, Copernicus. One thing that's sure here is when the price goes up, the savants come out. When the price goes back down, they shut up for a little bit.
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Oh man the crypto world could make or break a person. I invested in xrp at $0.07 by new years it was $3. I had turned a 10k investment to $428,571.42. Obviously I didn't sell.. i thought it would keep moving up. However it didn't... I sold it at $2.50 still made a pretty penny. Right after my XRP investment I pulled out and said I'd never do it again. lol I lost my hair from that investment the stress was unreal.
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I’m currently investing in BTC, LTC and ETH and will be doing this until indicators change, which means I will be in these three assets at least for the rest of the year.
I’m 99% confident about this trade
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