Please house, I will like to know whether out of the existing altcoins anyone of them has potential to be like bitcoin in the nearest future. I will appreciate if i can know the reason why because this will greatly assis me in planning my investment strategy. Thanks.
I don't think that I have seen somewhere around a staff like bitcoin which would be so comparable and competitive, for now it mean that bitcoin is still on the throne and we don't need to be worried about it. In my perception, I think ethereum is more likely in bitcoin because as you look in the market when prices on bitcoin increases or decreases also ethereum is depended on fluctuation or volatility. Yeah you are right. No other coin is like bitcoin. Bitcoin is king and there is only one king in a country. The same is here in crypto market, there is only one king and that is bitcoin. No other coin can compare with bitcoin. People do not trust other coins because everyone is talking about bitcoin. Countries are accepting bitcoin and not all Altcoin. There is no comparison between bitcoin and other coins. |
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Your idea is not bad. But, Altcoin is not stable like Bitcoin, and a lot of Altcoin have crashed. So, there is a chance of a terrible loss if you are not cautious enough.
Yeah I am also not in favor of investing all your money in crypto. There is no guarantee for growth in the prices in the coming days and if the price falls more you will lose your money. For me I think that only extra money should be invested in crypto to avoid disappointment and lose courage. It is also possible that you make big money in short time. The thing to understand here is with any investment crypto or otherwise it is beneficial to be careful and do in-depth research as what happens to your funds is in your hands and it is your job to know what it exactly is that you're investing your money into.
Splitting your investment in different coins is much better than buying just one coin and wait for the price to rise. If it downs you will definitely lose your money. If you buy more than one coin, you will get more chances of making money. If one drops the other will rise and you will be safe. Also keep some cash in your account to avoid financial hurdles in the future. |
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I can see AML BitCoin as the next bitcoin in the near future. The value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.
Yeah, there are many opinions about bitcoin. They said it will last long because it is already part of our modern generation. They said also that it will not last because it is not a fiat. But for me i think it will last. About the future, I am more optimistic and feel like the future holds great deal of technological advancement and there will be a huge dealing around Bitcoin and other cryptocurrency. The more cryptocurrency spreads in the economy and more and more countries accept it, there will be a huge demand for the technology. The paper money will not be demanded as the world leads up to globalization. |
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People always claim money is the root of evil but remember poverty always kill some people . You know there is one thing called money,that everyone is trying to find in life and we all need it, don't let anybody deceive, people always pretend they don't really need it but actually they really need it to make life better and more enjoyable. Just work work and earn money. Believe it or not we really need it.
Buying Bitcoin is not out of our reach because the price is low and affordable so we can buy anytime for this purpose we need to have enough savings to buy it on the current price. Once you are done with it then you will have to wait till high market so as to make sure you will get your profit. If you are not able enough to invest here in Bitcoin then you can start with less valuable crypto coins which will enable you to upgrade to the Bitcoin. |
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The last time the CBOE launched a Bitcoin financial tool, futures, we saw $20k. Recently rising Bitcoin dominance shows people betting on the latest CBOE tool, ETF, being approved. Bitcoin dominance is heading towards fifty percent by marketcap. What does this mean for the price and how should traders and investors view it? Marketcap is by far not the best metric to read dominance, but that doesn’t mean it can’t add value to your trading. Latest Podcast Episode Discussing More Details
https://soundcloud.com/buy-or-sell-what-the-hell/does-bitcoin-dominance-matter-to-traders-35I would not believe Bitcoin would be at that price and i think $ 25,000. Because the crypto market is hard to predict. Tomorrow will be different today so we can completely believe in ourselves. I think history repeats its self but the current market is not like it had been last year so it would be irrational to expect the market going high like last year. However the growth is not so dormant either. There has been a good portion of rise in the volume of Bitcoin in the previous month which meant that still despite the fall people look forward to invest in the crypto for the marginal benefits in crypto are still way too high. |
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This is good news, the Cryptocurrency ATM machine will be the center of attention and I think the placement of a Cryptocurrency ATM machine at a shopping mall is a very good idea. people in the shopping center will be curious about the ATM Cryptocurrency machine
Latest news about the Bitcoin is the same as were before 4 months, we can see the price equal to 6540 US dollar and we had been noticing it in the past 4 months. You can say that market price is stable between 6k dollar and 7k dollar so we can buy it without any worry. If it is ATM use for fiat currency we have BTM for Bitcoin and this BTM technology strengthen the Bitcoin very much. |
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i think converting your bitcoin to usd now will give you more loss than what you have already. But if you really don't need the money for an urgent matter then better hold itfor a year or until the price recovers.
Exactly. The cost benefit analysis gives you an insight into the future of the portfolio. It also depends on the type of coins you are holding. If your coins are prone to loss in future, better do it now for Bitcoin and dollar have good possibility of rise in the value than any other coin with low ability. However if your coins are low due to the market and you believe that the value will rise high once the market recovers, better keep holding it and wait until you could cash it with profit. |
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if you are afraid of bear market conditions then you should be able to stop when there is a bear market, but if you have the ability to be able to determine the right time to buy and sell coins then you can continue trading, by utilizing small movements, and that depends on choice you.
First, the bearish trend seems to be over. Secondly, when you have any doubts about trading, you should better change your activity. Trading needs courageous people. You have a point, you can`t trade if you are full with doubts. But even thou we were in bear market for months, price was never calm, we always had spikes and dips after that, and again after some time price rise again, trading was possible trough all this bear market. Price is rising again and looks like the bear market is over, its happen every year with the end of summer, price start to grow. I think we can expect market to grow a lot in next few months. No need to stop trading right now but you can do one more thing that is to proceed for buying some more in numbers because it will increase your power to have maximum profit later in high market. For now, you will get it on low price so you will not need to use extra money for buying coins which is another kind of benefit here in this market. Just wait for some more action to see its upcoming movements. |
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Meehn, you’re saying the truth, and this is not the first time I’m seeing this. I have once seen someone in this forum talking about investing his life savings into cryptocurrency and was seeking for advice on how he can invest it. I was like ‘is this crazy or what? How can you be talking about investing a whole life savings into cryptocurrency, you didn’t even think of the possible loss that can occur at anytime. Well, if you’re ready to be a loser, that’s your business.
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We have to wait. Many good things are happening just now, but we cant see them. Big companies like Bitmain still believe in crypto and they are investing a lot of money into it.
In economics, there is a concept of the marginal benefit and that measures the return that an additional unit of an asset can give. If we carefully see the market, we come to know that the same marginal benefits is still there in the cryptocurrency and the addition to the value of an asset in this case is far more swift than that in any other asset that is normally believed and preferred over cryptocurrency. As of current situation, of course the market will take time to recover. |
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only one way to deal with your emotions when you experience a price rise and fall, that is patiently, and don't panic, believe that prices will not always fall, and don't be greedy when prices are rising. because it won't forever be pumped.
Bruh there is no strong and powerful thing that intention and if you intend to do something, you will succeed at it. Knowledge it very important in every walk of life and if you understand about the crypto market, a fall and a rise and the reason behind the fall and the rise and about the market recover, you would never be a victim of emotions that is no doubt a harmful this that keeps you ill at ease both in business and in practical life that is the thing that harms. |
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You are most worried with altcoins and your worry for bitcoin is just a secondary thought. You know what to do and stay calm all the time. Rushing and thinking too much without anything to apply will add nothing. Correction occurred and that's no question, after hitting all time high it is accompanied by a massive dip so that you must expect that thing to come from the start.
I am pretty sure virtually everyone who knows the importance of the long run and why they are here at the moment will surely know what to always do when the market is in a condition like this. For someone to ask this question, it only shows their little understanding of the cryptocurrency market before they eventually decided to invest in it since all they were basically after is seeing the price mooning and them getting quickly rich than they can imagine, so the market in a downtrend like this becomes a problem for them to handle. |
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What i know in money evolution is that it started with Bartering, then gold and minerals, it came the fiat money now towards digital money. No matter how it started the important is now how are we going about it? How are we preparing ourselves to new technology and digital money?
I guess we are all prepared to what may happen in the future. The past will always be remembered as it is and people will always learn to what is the importance of the past. Value of items and products in the past are hard to consider since they are all just trading each other things that is well, valuable but it's value is not really the same as it is now. Nowadays, artifacts are being valued so much it will cost you your whole life. I guess in the past and what it is now, the only thing that changed is the value of things, if you will be thinking of it, even a simple thing has a great value and people are paying for it. This is actually the future and there is definitely no doubt about it. We have seen the way things have panned out since the beginning of crypto sphere and we surely have in mind what would become of the future as all things being equal. Looking from way back of our ancestors, the way they spend, transact, we will know that evolution is something that is inevitable, and it will definitely come one way or the other. Now, we are seeing it on a different light and with the way things are going, this is a new form of money that will be replacing the paper currency in the long run and who even knows what tomorrow may be holding? |
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maybe the volume of bitcoin is not always good, there are some moments that make bitcoin experience a decrease in volume such as the current condition of which the volume is falling.
Was reading an article on CNBC about the progress of cryptocurrency in general and Bitcoin in particular and was to surprised to know that the overall contribution of Bitcoin from 46% in July 2018 rose to 47.6% in August of the same year. This is a good sign for if the demand continued to rise this way, the price of Bitcoin will also be affected and this is what the market has been accepted to jump in. SO the volume of Bitcoin is rising great. |
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Are all overprinted, unfairly distributed, centralized fiat currencies "worthy" of being a currency?
No they are not worthy, but they have the characteristics needed to be a currency, and if even fiat currencies can be said to have those characteristics then we need to accept that bitcoin has those characteristics and more to be considered to be a form of money, what it happens is that they do not want accept it because they know that if they do it, people will put fiat currencies and cryptocurrencies at the same level and governments do not want that. Ofcourse, Bitcoin is a currency but is in digital form which has brought many cheap uses and we have benefits everywhere. We should not fall in this discussion because it will waste our time, I am saying this because Germany is a developed country of wise government and people as they showed quick actions towards Bitcoin. They recognized it yesterday and tomorrow it is their payment mode as well as banks are using it as payment of loans. |
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I think the best experience is your personal experience. but from my experience I can say better to sell cryptocurrency on the General hype around it
Well, I have not personal trading experience so I cannot say something about myself but we have no ambiguity with trading once we get its knowledge then we would be able to start making some money. Many people buy are buying right now for they are looking to have maximum profit in the end that is why the cheap availability of Bitcoin is making the market start its increase trend and we are observing increase these days which is a positive sign. |
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On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.
It is too late to sell the cryptos. I am sure that if we stay patient and forget for some time about the market fall, it will be the best choice. I am sure, tokens and BTC will gain this year. Selling now will not solve the purpose as currently market is down and mostly people would have bought at higher rates. So it is beneficial to hold the crypto coins now and sell it later on when the market start to run like last year. Whenever the market price is higher than your cost price then you can sell for profit but if your cost price is higher than current market price of Bitcoin then you have to hold it in order to let the price increases and then you would be able to sell that time. One more thing that is called productivity, if you have it then you will diversify your savings into many sources and you will never sell for small profit if you are productive. |
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This is serving as a learning process for you in this market. Do not be discouraged by what happened. At least, their was profits in it. Just make sure you make the right decisions no matter how little the profits are
It is not only luck dependent but mainly it is depending upon the knowledge you have about the crypto world. If you are making it gambling and saying that luck is here then you are wrong and is irrelevant to say like this. Being disappoint here does not make sense because if you are doing wrong then you have to proceed towards the actual and real knowledge how to stay successful here is the right solution. |
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Not a single person is insured against failures and mistakes, even professional traders often bear significant financial losses.
This is reality. Even the big fish can be caught in a net. One just needs to know the art to escape the net. This means the art to learn from your own mistakes that can incur you loss. So as long as the market keeps on welcoming new technologies, there will also be a room for new mistakes. However one should initially stay away from investing in cryptocurrency before doing the crypto evaluation. Explore everything about a project and invest only if you have a good probability to earn. |
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there is no obligation to start trading, if you want to make big profits start with big capital but if you want to slowly start with a small capital.
This is one good statement. The more you save and invest, the more you earn. But I would add further that in the context of the current market, that has down values, even a small investment In a great coin like Bitcoin for a long term can give you big money. This is the accelerated pace of growth of Bitcoin that can make it possible. For other coins, the statement holds true and can be taken as guideline to succeed. |
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