I dont see bitcoin coming back up anytime soon i only see more downtrend yet to come in terms of price analysis i thought the recent bullish run will be a sign of recovery for bitcoin but i was wrong this year may not be so good for bitcoin because of to many price manipulation by a group cartels or so called whales.
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Bitcoin has tons of features that gold hasn't. One example of that feature that gold doesn't have is the convenience of transferring your funds to another and it's secured no risk to get rob and get confiscated by regulations of countries. Where in bitcoin you easily transfer big amount of money without hindrance such as regulations or shipping fee.
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I prefer increasing the volume of my bitcoin because even if you only invest 1 bitcoin and bought in a low price you can have good profits because the price will surely surge and even reach unexpected heights. It's crazy volatility enables you to resell and reinvest for another opportunity to invest to a higher price and you dont even have to worry in losing profit in downtrends because it will always recover.
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Bitcoin is a real money it can be liquidated, spend, use for online transactions, use as payment for goods and service it can be use as asset for investment or trading and most importantly it's fast, convenient and secure and decentralized you can freely use your own money without regulations or third party tracking. Free from exploitation and oppression. So yeah it's money but a better version of fiat.
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The reason why there are tons of hacks is because no security is safe and some programmers are lazy to implement that extra bit security to their code to make iy more secure. The solution for this is to hire good developers that are properly doing their job and users should learn how to protect themselves from hackers.
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Just hold when the price falls into a dip and if possible buy more cause bitcoin will surely to recover and reach new heights. It's unpredictable volatility is one of the investors reasons to not invest in it but it's also the reason why we are able to make quick returns and make good profit.
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It's because it serves as advertisement for the project or ICO's if it's not working and not getting out of it they can easily cut off bounty campaign's and move to direct advertising or affiliate advertising. But bitcoin enthusiast and investors get news and update about crypto currency here in this site and even invest in this so called projects so i can say that bounties are worth it.
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For me it's to risky to become a day trader unless if your really an experience trader or pro in trading you can make good amount of money. But i prefer being a swing trader because day trading is very unpredictable maybe not for others but it is for me. This maybe because of the lack of knowledge i have in trading.
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For me the best tools are google and youtube and some common sense. To avoid getting scam you need to properly conduct research on what your investing whether it's ICO or business. Most people will blindly invest their money in to good to be true projects, ponzi schemes and crowd funding expecting to have immediate gains that's why they lose money.
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Yes this phrase perfectly fits newbie investors if you dont know what your doing then you shouldn't probably risking your money in the first place cause you might lose it and dont invest money you can't afford to lose. Newbie investors carelessly buy coins thinking they will have immediate gains but when it fails and dumps they blame the Crypto market and call it scam because their lack of understanding.
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Maybe that future is possible because in the current events bitcoin is already popular to investors and merchants even tech and commerce companies are heavily invested in it. No one can predict the future but it is possible for bitcoin to become mainstream with it's growing adoption and fundementals.
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Both are fundementally good, they have lots of projects, investments and of their market's revenue is still growing. I prefer to invest in both currency if i have the funds you just need to set some threshold on how much will you invest in both eth and btc to properly allocate your money this two coins are promising in my own opinion.
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It's easy when your a swing trader but for day traders the price fluctuations was a dilemma and many has lost some profit including me. And now im stuck without trading for months because i bought bitcoin when it started to fall down in $9000 threshold but it went down even further and for me that was unexpected. That taught to me dont rely on technical analysis to much.
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You can convert it to USD in an exchange site then cashout using paypal or bank account dont know if some trading sites has that feature but it's worth the shot. In our country bitcoin is accepted and some company or bitcoin wallet provider made it possible to convert our bitcoins to our own fiat.
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I think it's essential to spend time in learning about bitcoin and how to invest in it because of it's innovative technology, in time the world may adapt and use it as payment method for commerce and e-commerce. As an investment asset and our new form of money that's why learning about digital currency while you still can is important for your own sake and financial sake.
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I get the point on what the poster is trying to say sometimes to win big you have to risk big. There's no such thing as safe investment even when your starting a new investments there are risk that it might fail and gets bankrupt. That's why it's important that people should try to research and know what they're doin before investing in bitcoin.
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Maybe as bitcoin progress more and more countries will start to recognize it as a payment method or asset. If bitcoin gets really popular and be known globally maybe it will change how fiat money works even other countries are starting to adapt the blockchain technology and might sooner make their own crypto's that would compete bitcoin.
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I hope the ETF finally accepts bitcoin so we can have a good news this 2018 based on fundemental analysis many investment and tech firm started to invest in btc. And the price could potentially rise up and continue's it's recovery but still no one can really predict can happen to bitcoin and see.
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I thought they've already accepted bitcoin ive heard some news about it this past few months but it doesn't matter as long as bitcoin is progressing and being accepted by merchants and countries and now companies started to recognize it as a good payment method for commerce.
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The best thing about it, is that it will never fail and it is the number 1 crypto currency and other altcoins will follow when the price of bitcoin goes downtrend it seems like all altcoins are interconnected with bitcoin. And also bitcoin is the most progressive and popular in most merchants and other institutional investors.
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