This week should not decide the fate of bitcoin as many times we have experienced downward movement in price. I think the banned on ico and fake news from China last week is still affecting the market. I think alot need to be done for bitcoin to resumes it upwards prices movement as the price has been trap a little bit above $4,148.
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This downward trend is going to be a temporary one and if you watch the price since yesterday you will understand that prices is making correction across most of the altcoins board. Ethereum may get to $800 before end of this year and by then I will think of selling.
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I think bitcoin will raise this week and next week especially if the Chinese regulatory authority is able to come out and disown the fake news of banned bitcoin and altcoins activities in China. Big investors are waiting for this to happen in other to push the price upward. But if the price come out to be positive one then expect price to fell further.
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China should end this they manipulations by closing exchangers one and for all. Since last year they have been attacked the market by this treat and any time they do this, people lose a lot, at end this enables people that has insider secret to buy cheap. They taking action by ban the exchange platforms will end this they unreasonable attack on bitcoin and cryptocurrency.
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Altcoins has touched the bottom and some of them has started recovering. There is going to be a serious boom because from historical data September to December is the booming time in the price of cryptocurrency. We expect a serious recovering. I just go to coinmarketcap now and I find out a very serious dump actually on most of the altcoins and this week we expect a recoveriny.
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That is why mainstream is when bitcoin will be in bubble! Many people think bitcoin is now in bubble but of a truth bitcoin is not in bubble yet. The Chinese government attacks on bitcoin and others cryptocurrency will not stop us to get $200,000,000 coinmarketcap. We should hope that this will happen one day. The attack is really and China ban on cryptocurrency is even better as this will reduce the speculative of doom days we are witnessing.
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If $4000 is break then we would expect bitcoin to fell bellow $3500 and from there recover again. But if it test $4,000 and unable to break this level after this third test then $4000 will be the new ground floor. Therefore I will advise every one to keep their eye on $4000 whatever happens around $4000 will define the new price direction.
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I only focus on profit on my investment and nothing more than that. I do believe that this is also the primary objective of all investors and I also see profit as a motivating factor because even the founder of any project or ico will like its project to be profitable.
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Many people do not know that trading is a game of skills and most times jump into it without thinking that it takes them time to make money from their day job. Some even involved in hard labour and most times lose those money with a fantasy that there are going to make serious profit from buy coins at the wrong time. You should buy when bitcoin is low and sell when it is high but most traders do the opposite and lose their hard earned money.
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I was thinking of buying neo before but later changed my mind. This could have been the only China coin that I could have investing in. But I will advise anyone hold China coin to keep holding them in other to see what will happen. Remember China government was on okcoin, btcc and others Chinese exchangers this time last year but now all those attacks are over.
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A banned on the cryptocurrency exchangers platforms in China should outrightly affect altcoins and there price should dropped as people may think of losing their investment on them. Though we later had that the news of ban is a fake one but we can feel the impact of that news.
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The new currencies are popping up everwhere and some are successful and gaining more profits for some quicker and and alot more then bitcoin did for alot of people. It would be foolish not to shop around in these new currencies after witnessing the payday bitcoin presented.
Many altcoins has given great return for most of its investors and we have witnessed people going from investing just $100 and become a millionaires in their local currencies. We can also see how Bitcoin from penny to $4900 in just few years. We hope to see another bum years to come and the little you put today will turn to million even your$10.
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Bitcoin Cash has the capacity to go up in price more than ethereum because of it coin supplies is equivalent to that of bitcoin core. You should know that bitcoin Cash is supposed to be part of bitcoin and there are parts of it from beginning and because of this it will have advantage over others cryptocurrency.
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In comparison bitcoin is better to be using as a mode of payment and store of value than fiat money or credit card. Bitcoin has a decentralized nature, transaction is fast, the fees is also very low and is good for the storing of value. The financial crisis we are having now is as a result of credit card and fiat money.
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Panicking is what we have as human, time to time and many traders lose heavily because of panic selling and I think emotional panic is not good for traders. I could remember selling my litecoin at loss when the price fell to $23 and I see not hope of pushing back and now litecoin has gone as high as $75 three months after I sold my position.
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Hell no, I can't eat My fellow human beings meat. My religion believe prohibited it and it's a great crime in the sight of God. I will never advice anybody to eat human beings and I don't think any body in it right sense will do that.
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I think wave has the same features like neo just that there are from different countries and nation. Neo has given alot of return to those that invest in it from beginning. A coin that might give such return we may not know now but I do believe that more projects are coming up.
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Since the advent of blockchain technology and bitcoin a decentralized system I have been having this idea of us have a decentralized governments also perhaps we would have peace. If bitcoin exist without a central government then if human beings can follow the same system we can live peacefully with one another without leaders who instigate us against one another and create war for selfish reasons.
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The ban will not have much infect as ico will still find it way into the market through other platforms. Neo price is up because many investors has understand that the ban is a temporary one. We expect what happened with exchangers last time about regulations to happened again as most of the coins reacted advisedly to the ban.
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You only make money when you buy low and sell high. When Bitcoin prices is high and altcoins price are low the best trading secret to use is to buy altcoins with your Bitcoin and vice vers. Always buy the coin that is falling and sell the coin that is pumping. Never allow yourself to be cut in between.
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