Necessary for those investors who are planning to invest at a lower market price in order to generate profit eventually. But I guess it would still be a gamble knowing that there's no certainty on when will the market price will again increase. Therefore, this would be a waiting game if ever such thing will come to reality. There is a downtrend at this moment and no one knows how low will the market price be. So I guess it would be hard to tell if the downtrend will be healthy or not. Maybe a matter of a benefit of the doubt. There was a huge rate of increase lately and correction is already anticipated, not surprising if I would be asked. So for now, hold and be patient.

Prices are far from each other even before. The rate of increase matters more in my opinion if we would compare their market value from one another. But that's indeed correct, we cannot really tell if the recent price increase would either be for a long run or not but if we would be depending on this market industry's nature, for sure things won't be consistent. The market price could either go up or down and the only thing we could do is speculate on how will things occur. At this moment there is a downfall movement but that won't be enough to tell if the bullish market is already over because we do experience such thing randomly. I'd say if the market price will continuously fall, perhaps til $25k, I guess it won't still be enough to say that we will no longer see another price hike this year. The price could again go up in a sudden. So yeah, it is hard to determine.

Answer depends to your satisfaction as an investor. I've read a line before "you cannot take all the profit in this industry" in which I think is valid. The market is unpredictable so we really cannot foretell what could happen next. You may continue holding within a rally but until when? Selling 'early' just because you thought there is a possibility for a downtrend to occur, is not a mistake I guess because you just chose to secure the profit. The mistake in my opinion is selling in order to cut the loss knowing that there is still a chance for recovery. You won't regret if the situation will go as what you have expected it to be, but that doesn't go in this market. Sell if you must  hold if you can, that's how I understand this industry.

You have already mentioned the point, "winning 80% most of the time is unlike to happen". This makes it impossible to maintain that winning percentage. Gambling is always a 50-50 situation. You'll win randomly, likewise with losing even if you are into card games wherein strategies would contribute to a better outcome. Perhaps you are unlucky of your cards or decision-making, this would ruin your chance to win. In sportsbetting, there is a possibility to gain a high winning percentage because of the rosters and players which could be determined by their popularity, Basketball as an example wherein in every match up, there's that team which is assumed to win and is more likely to do so. But still, even in this kind of gambling, there's nothing that would give you assurance.

Users are making this mistake a norm likewise with the word "hodl". Not sure if that speaks for sarcasm but I have no problem with that.
Simply because there 's nothing supporting that claim. Bitcoin is indeed a promising digital currency and investment but that won' t remove the idea that its market price will not continuously increase as years are passing by. There's no consistency and that gives doubt to many investors or user to whether sell or still hold at this point. Anytime, a price correction could occur which is feared by most of us because profit could be easily swiped at the moment. The price could again increase, that's correct. But no one knows when will be the next uprise after that which makes waiting quite of a pain.

Depends on one's expertise and preference. Some are not interested on doing bounty campaigns so the best way is to invest thru exchangers which is less complicated. Some are into mining but to countries wherein electricity is expensive, such method is not advisable because it would be costly. Also, you'll need a powerful set up in order to make mining more profitable. Bounties on the other hand is a good method but difficulty is higher than before. I am pertaining to bounty requirements nowadays. Merits are now a huge factor in order for a user in this forum to be accepted as well as forum rank. Unlike before wherein there are numerous campaigns at the same time which is capable to accept more users making it a profitable method in order to earn Bitcoin or other cryptos.

The market price will rise and fall anyway, even without the 'help' of these big companies. There is indeed a possibility for these businesses to manipulate the market price due to their holdings but I don't think changes will be for a long run given that there is no one having that huge amount to do so. Also, as from what I have read these past few months, companies adopting this technology are more into taxation because they are third party networks, in general. If if they would choose to enter the 'game', they will be also at risk due to the nature of market volatility. So I'd say it is still quite fair and the only difference of them is having larger amount of Bitcoin, perhaps in this case.

I think it would fall under $18k because that is where the rapid increase occurred. Dump or correction as we would like to call it, stops to a point wherein the pump occurred to somewhat eliminate the rapid increase. But I am not having a valid basis regarding this speculation and I doubt there is any of us who has. The only thing we could do is to speculate. Also, possibility is always two-sided. There is still a tendency for its price to continue increasing, it is just hard to tell. So the best thing you could do as an investor is to analyze the market and to not let anyone to affect your decision regarding your investment in order to avoid regret at the end of the day. I now regret selling at an early point but we just cannot do something about things that already happened so better think as many times as possible if you are having plans at this point.

Not applicable to all players, I guess. Some players are just into winnings disregarding 'true gambling experience'. No matter what method they used, they will just eye on winning every game but we cannot blame them. Money is power and that's what we are fighting for in gambling. At first guilt will cross to your mind if you encountered an easier way to win especially if it is illegal, but the more you experience winning through such method, guilt will eventually fade and be more likely replaced by greed. But who's to blame? Players who do cheat or gambling sites having odds? I'd say platform is also at fault for not being able to determine the 'dirty' way in their platform and players just take advantage of such 'bug'. Indeed a great idea for players and platforms to be fair at the same time.

Bottomline is no certainty. What determine its market value falls under demand, supply, and market volume. Indeed its market value could continuously increase for a period of time but likewise that its market value could fall continuously, this is how I understood the idea of this market. If we would base from the past regarding its market price increase and decrease, a correction is anticipated at this moment simply because people do like to rely on "patterns" in which they depend their actions at the same time. So we just cannot blame those who are worried on investing at this point wherein the market price is still high, because of the 'possibility' for a dump to suddenly take place. Well, going back with the chance for a continuous market price increase, investors are free to do their thing at this point because no one knows how things will happen, a matter of a gamble.

There is always a possibility but we having no assurance of when will such thing again happen to its market value. At this moment, the market price is continuously increasing and right it is hard to determine if there will be a price correction or to when will its price start to fall. Many people are scared to invest because the market value of Bitcoin and other cryptos has a tendency to fall in a sudden which could result to partial profit loss. If this is your concern, it is a good idea to either wait for a price downfall or invest at this point 'coz in both ways, risk will always be present since it is investment we are talking about. Speculations are only subjective opinions. NO ONE HAS THE ABILITY TO CORRECTLY PREDICT HOW THINGS WILL HAPPEN. So just do as you like depending on to how you analyze this market.

Either way, risk is not under control. Not to criticise your plan but have you considered investing on real estate or business if you are looking for a higher chance to make profit with that huge money, perhaps in this case, to make it more profitable? 'coz I think I would consider putting perhaps 50% of such huge amount in business and probably only 20% in this industry. One reason if you would ask, is because in a business you will be more in control of the odds in which you can make adjustments for your business to lessen the chance of losing. Unlike in cryptos wherein you will be dependent to the market behavior in 'general'. This is just how I view this scenario but I do still look in your perspective as well as to those who are having the same view.

Depends on the person I guess. Some would say the decision varies on every situation but I would point out the type of person who will make the action. If he/she is addicted to gambling, everything will be used including his earnings and savings perhaps not only the rewards being earned. What's ideal is to do all of it depending on different factors but we just cannot dictate other players to do the same thing. We have our own reasons if we would choose to whether hold  use it on gambling, or sell it upon the release of payments. What's important is for us to make use of the rewards in our likings because that is the fruit of one's hardwork from doing signature campaigns. Be responsible and have discipline if you want to make use of the rewards in the best way possible.

Such a good run. I mistakenly not expected seeing the market price as big as it is at this moment. I saw many speculations but it was just hard to see in my perspective before that Bitcoin and other cryptos will still be able to have higher market price eversince the ATH was reached way back 2017. But here we are witnessing greatness of such digital currency. Sadly I decided to sell early at $22k because I doubted this scenario to meet the reality, which is a lesson learned. And to those who are feeling the same way as I did, there is still a chance if you will be brave enough to invest at this point wherein the market value of it is way expensive than before. No assurance of the next thing. It could indeed break the $40k mark but there is still a tendency for a downfall, no one knows.

I think it would be hard to determine whether the game is fair or not. In gambling, there will be times that you will continuously win and same thing with the other way around. This I think what makes gambling, "gambling". There's no assurance of the outcome right? We just cannot manipulate games to be in favor of our fortune. But there are games which are not fair and I think that's another story; Games wherein many people are losing continuously. In this instance you will only know how things are happening if there will be a discussion about such game to know or determine if it is being fair which will be hard in a way that not all gamblers will be initiating such topic since there is a common idea that you won't win most of the time in gambling not knowing that results are already being manipulated by the House. Cases are rare I think, but I've heard this story from a friend of mine.

Many people regret selling before due to what we are seeing right now. The market value is now above $30k wherein no one expected it to be having such market price. But that's the point I think so there is no need to regret things. If we only knew that it's market value will be as big as it is now, who in the right mind will sell before? since no one have a valid basis that this day would come, it won't be surprising that many of us did sell our possessions of this technology on the early years of it. Same thing goes at this moment, no one has the assurance to tell that the market value will continue increasing on the following years and with that being said, the 'cycle' continues.

If it would be arbitrary, those people who would agree upon the use of that currency perhaps, will be the only one who will be exchanging with one another and transactions will be only limited to them. Same logic occurs in trading, collections as an example wherein there are other factors affecting the value of something, for the collectors. But for the normal people outside that circle, prices will depend to its price when it was released to the market as is. As what other users mentioned, what makes a currency totally accepted is due to legality issues regarding different governments or to the world market in general. With that being said, I think it would be hard for total acceptance to occur into something if it won't undergo legal procedures.

Indeed, but since we are lacking assurance of things in this market especially regarding continuous price increase, there will be people who will doubt investing at this point wherein the price is still high but there will be those who are optimistic with this industry that the price would still continue to rise in the future who will still invest Bottomline, as an investor you should know what to do whether to invest or not, both actions will be valid because investing is also subjective. If you are willing to take the risk then feel free to do so, and if not then that would still be fine. In my case, I will play it safely. I'd choose to invest at a lower market price in order to lessen the risk given that the market price always has a tendency to fall, which I would like to avoid in my investments.

The question is "How do you define a currency's success?"
'coz if being used and recognized as a currency is the basis, Bitcoin will have a chance to be in such state. But if it is Bitcoin being the only currency, I guess it won' t be possible. It's nature of decentralisation would be a factor because governments will more support centralised currencies due to regulations and taxation purposes, that's just how things work. Third party network would somehow aid this concern but economies work more than that. Bitcoin and other cryptos are indeed beneficial to its users but being the only one in the limelight is another thing in which even fiat based currencies did not even manage to do so, and I guess things will be the same in this industry.

Resolutions are nothing but assumptions to oneself. It will only matter if the one making it, would actually do it which makes it hard if changes will be that much. Discipline is a must if you want to accomplish your resolutions. Funny how many times people are making this "New Year Resolution" but are not making any efforts to make it in reality. Also, we don't really need to wait 'til New Year's eve to decide what you want to change in yourself. I' d say you can promise to yourself any day. But I do still admire the plans an individual is making because it would be a good start, actualization will make it better. Good year it was for this industry and if things will be continuous, I would anticipate a prosperous 2021 for our investments in this industry. Let us all be productive with crypto investments.