they talk about future technology that they don't know about. when the price of Bitcoin reaches $ 20,000 they will certainly feel very stupid for not buying a single Bitcoin when they talk about Bitcoin which might soon be closed by the government.
Well back in the day there is a huge doubt on bitcoin since it is new for most of us and we didn't think of what it could become in the next 10 or 20 years of existence that's why most people are not into bitcoin. Now that bitcoin has become a huge thing in the investment, I really think that people who doubted it is now into it especially these days where markets are down and bitcoin is soaring. Nowadays media awareness about Bitcoin is starting to grow again and makes Bitcoin more and more enthusiasts. 7 years passed and bitcoin had reached its peak today.
Media care only about stuff that makes their viewer interested on which case from bitcoin back then there isn't that much of interest. I'm glad now that they started noticing it. |
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Most of the very optimistic predictions about the price of bitcoin hitting the roof were often without tangible data to back them, just wild guesses. I personally do not see bitcoin hitting 50,000 USD this year. The rise in price of bitcoin is only going to be gradual and will take a while,
Yeah, there is nothing wrong with being optimistic but at least considerate being a realist too, coz too much optimism might just disappoint you. We can all agree that the price of bitcoin is high, market dominance is above half, the All Time High is as good as ever but having a price prediction of $50,000 is just as bad as fud. The halving might be good this year, or not but I don't think it will be the reason to reach the price of $50K, never. |
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I like eToro but there are other good exchanges you can use that are more convenient, you can try Hitbtc, they have been operating since 2013, they are good exchange, binance is young but also good.
You can hold real USDs on eToro. Whereas with crypto-only exchanges like Binance and HitBTC, you can only trade and hold USD stablecoins. Whereas like I said I really don't recommend holding stablecoins. On the Binance exchange, you can store your savings not only in stablecoins but also in the currencies of some countries. Yes, there is no pair to USD on Binance, but there are others, such as EUR, RUB, ZAR and others. For long-term storage, I use EUR, but it also loses value in relation to USD. If you are not that geeky type of person you will not be bothered from a small fraction of your money being lost because fiat currencies do have a volatility that is not even noticeable, I mean the value each day changes but it will just be a tiny stone compare to cryptocurrencies. Tether is the best stablecoin since it is peg 1:1 to the dollar, so that means you are also having a dollar with a tether. |
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Well, that is a big step forward and I bet you won't just find them anywhere.
If there is a legitimate group of whales that are fooling around then it must be a VIP group which you can't just easily walk in.
Finding them is like looking for a needle in a stack of hay.
I think even whales don't want to be that manipulative with the market, they can just really impact on the market their every move is big compared to others. What I also think of these whales is that they have no interest in knowing the other whales coz that would be intimidating if you guys won't team up so you'll end up screwing each other anonymously. If you are looking for whales, you'll see their names in alphanumeric style. |
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If you are a day trader, you can put some funds on the exchange. Those who trade put their funds on the exchange. After trading, many withdraw their funds again. But the most important thing is to select a reputable exchange to trade. If there is any problem, they will solve it. It is not right to think that reputable exchanges are full secure, many big exchanges have been hacked before. If you keep funds in exchange, there will be risk. So use the exchange to trade, not to hold assets.
Well you can let your funds sleep in an exchange however you are adding a risk on doing that, even you convert it into a currency that is less volatile or stable at all like Tether there is still a chance of losing your funds in a way that if the exchange was breached while you are not looking at it but for a long time now It is rare to see an exchange that is having trouble to keep their platforms safe from any harm, So I guess it is 90% safe but you also have to consider the degree of reputation of the exchange. |
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Unregulated is a con to you? that what brings the freedom to the users that's why it is climbing now at a very high pace. Bad reputation? In some way it has because of the scams that are scattered around the crypto environment but if it is really have a bad reputation then why bitcoin has so much power and its price is staggering? I have to admit there are lot of scam here but with the decade that we had with crypto we all should know what is scam from legit in terms of projects that they have been doing.
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When you hear the word "new gold," this does not mean that it will replace the current gold, but rather it will be a store of value next to gold or a new way to save money, which I do not think will happen unless Bitcoin has gained high market capacities.
The intrinsic value demonstrated by BTC is the possibility of issuing funds away from the central bank’s authorities, and therefore there is no need for the entire “bank-based” financial system to issue, print, and guarantee money.
Well the word new does not really mean to replace, it just mean a contemporary thing for another just like bitcoin who is for some considered as the "new gold". But still for me bitcoin is not going to be the new gold or at least a safe haven for storing values simply because it is decentralized, this fact about bitcoin is worth considering by most people who is only here for in and out investment. And I find nothing intrinsic with bitcoin's value whose price is moving over supply and demand. What the governments should think for now is how they are going to attain a bitcoin like centralized asset, it's just easy coz they got almost everything they need. |
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It's hard to resist when you are really in need of money to survived with this pandemic crisis,
Need of money during a crisis should not be resisted. You will need spare money at hand and its not wrong to cash out during this time because your lives matter more than making money. If you stay healthy you will live longer enough to see your crypto and play with them more.  Risking your present situation just for having a hope in uncertain future is a big joke especially with our global situation right now that thousands of people are already dead and millions of lives are at stake. You can basically re-earned the money you are going to cash out with crypto, you don't need to resist the hunger or lack of necessities these days. But also make sure you'll just be bringing out spare just enough. if you have spare money and you can continue to hold your assets that's still far better than to sell out of panic because of the situation that still ongoing inside the market.
Well bitcoin seems to have been bullish after the initial dump with the other markets of the world. Still this might be a pre-halving pump and a dump might happen before the halving because the people who bought at the crisis dump before this will try to sell. If you are monitoring the market then you might have seen how the bitcoin price behave during the last couple of weeks. It is good to see the price getting some hike for pre-halving but I'm sure that there will be a dump after the halving just like what the past halving impacted. Keep in mind that in the long process the market have the history of bouncing back and rise from any downfall that happened.
They dont have patience to watch the market and see how the cycles go. They are more interested in making quick cash and so they fail. It is easy to understand, the market is volatile, you'll see it on top after bottom in just a blink. |
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This pandemic virus has no relation to the price of bitcoin so I do not think that if this pandemic virus has gone the bitcoin will increase. It is not about that because as of now the bitcoin starts increasing because of bitcoin halving and we know that this virus is still existing, there is no strong vaccine yet that can kill the virus, but let us all pray that there would be someone who will going to create it as soon as possible.
Why i think differently about it since if you look on the on the effect of it you will see that the economy is suffering and all people have no work not including with "frontliners" so if no work those medium income people cannot buy bitcoin and if they cannot buy bitcoin then the demand would be lessen so if the demand lessen the price will dump so for this theirs a direct effect with bitcoins also we are dealing on the economy so there's a relation about it since we exchange it with fiat and buy it with fiat. Do you have a data that tells all working people in minimum wage are investing with bitcoin? What I notice is we always generalize the idea that a large part of population is into bitcoin which I don't think is right. Here is what I think will happen if doctors finally found out the cure, we will have a month long curing process plus disinfection, that means half of the people might be able to work at that time but I'm pretty sure it will not be all to be resume probably the essential workers only. After the halving, we will see bitcoin's price at a very low range, pretty decent but it will stay at that range for like 6 to 10 months before having an increase again. |
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Did I just read it right? Copy trading to cover your bills? This is the worst thing I've seen so far, like do you really want to rely on trading with so much risk behind it? I mean, I do get that we are all very needy now since everything has changed because of the pandemic just like the wages are cut off, but thinking that copy trading would really make a profit everyday like having a minimum wage from working is the most silly idea I've read so far since the pandemic has began. You'd be like walking on verge of financial crisis when you do that during times like this.
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It's not that impossible we know Bitcoin is not backed by any central authority thus making the price unstable and speculative but with the recent events such as global pandemic and financial crisis that could change significantly and the trustworthy and stable assets such as Fiat and stocks could go default like for example Oil, many people put their trust in Oil but it failed.
With bitcoin's position in the market now it is really safe to think that people are choosing bitcoin than any other coin which means the support is massive that results to more unstable price. if the global pandemic stays longer, I wish it won't, the bitcoin will keep on soaring since the other contender market like stock market and oil industry just plummeted and no one's diving into rock bottom. Investors perspective in 2020 about has dramatically change and even popular mainstream business media including CNBC has recognize its value.
Every thing has change when the global pandemic came, but I have strong view about the market right now, it is pretty in good situation. |
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It will going to reach at that price range soon, it will be going to be easy for ethereum actually. We have seen ethereum breaking in $1000 range so I guess having doubts with ethereum to reach that very shallow price is not worth to think at all. Although ethereum stayed in mid position for too long, I still believe that it will ride the bitcoin's success this year towards halving since bitcoin's uptrend in not just for itself but also for the whole cryptocurrency world.
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In crpyto space you have a lot of way to get a profit like Trading, this comes with different type and one of the worth mentioning type of it is margin trading where you can earn more than what you have risked. Then there's investment, you can invest on projects I doubt there are worthy projects here in the forum now but you can check it out, there is also investment in gambling platforms and investment in cryptocurrency itself and hold for a little while to get a profit. Having a decent amount of bitcoin, let's say 1 or 2 btc can possibly get you a profit of almost a double or triple, it depends on how are you willing to risk it.
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My little advice to you is don't really rely first on those automated things, especially those kind of bots.
You should first build your foundation within yourself. Like, you do first the manual things, like doing your own technical analysis (analyzing the chart), doing your buy/sell order books. For me, there are still lot to learn, especially the risk management, risk:reward ratio.
I agree man, most people who is new to the market does not have time to look for basic and fundamental stuff they should know before trading, instead they are looking for an easy way like bots to do the trade for them without having a research through the market. That's why we keep having a thread that looks like this, coz honestly I've seen enough of this thread like has anyone really digest what we suggested? |
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ૐ We think that its time to put an end to the massive amount of lies surrounding the roots of Bitcoin's success.
This is where it all started, if you guys will notice how the market have changed through the years you can easily notice the the sudden increase in blockchain projects after the bitcoin hits the ATH, people got attracted with some "easy quick rich" promises from these promoters, now they got nothing to invest anymore to the market. Honestly, there are more projects that is unsuccessful today compare to what we have back then simply because of people's greed that has been taken advantaged. |
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Experience is still the best teacher though are things that we can only learn through books like when we need to learn how to read for us to do that we need books same as in trading we can learn a lot of things and be successful on this through experience but we will still need those paid calls or books that contain information about trading.
Yes, experience matters. A beginner in trading, should not focus on accumulating profits but should focus on accumulating as much as possible experience by risking all the new things they come across but with small capital. Unfortunately most new traders are just focusing on cracking profits because from day one itself they want to be trading like pro. I'm not surprise why a lot of beginners are losing in trading, why? because they keep asking what to do about this, how about that , and they will do it not considering the market situation. I could not agree more that experience will teach you the best lesson in trading, most probably it will teach you the hard way to understand but It's actually worth the time spending. Crypto market is no different from the stock market you can invest and trade into both of them, --strategies and current or upcoming situation makes them different on when and how you will respond to it.
Basics of all the markets are same because risk management - money management - controlling our emotions are same thing everywhere. But, level of fluctuations and impacting news sectors may differ market to market but those things are easier to adopt for a trader who is switching over. There will be always emotion involve in our actions, but as a trader we should not let it take over our decision making. You may find the market very unpredictable but technicalities always help. |
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I guess we don't need to chase the bull run anymore, it will come at the end of the halving after a few months. There is nothing to invest into right now, I mean if you are a typical investor and looking for an asset to invest right now you will not choose stock obviously, so you'll look for a developing one amidst the pandemic that we have. There is maybe a bull trap, but don't set aside the fact that we are getting a supply cut this year so we should think that the price pump is relative to that event. If you want a sure profit just hold, if you want a bigger one trade with leverage.
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in my opinion its better to being a holder than to trader because in holder there's have a low risk than to trade as long as you choose a good coin.. the benefit to being a trader is a fast profit but high in risk.
for now, that's what I did. it's just that, some people need daily, or weekly income. so they use trading rather than holding. Well, because of the greater risk, I chose to hold it until now. however, I cannot afford the risk of trading every day, or week to earn. trading has several times given me bad experiences. Many people use holding if they are limited in time and have a main job. In this case, it does not require much time. But everyone knows that daily trading brings more profit, but it is more risky if the margin is still used. Therefore, everyone should decide for themselves whether it will be more convenient for them to hold or trade. Well in short, for more basic stand about trading and holding, if you want to regularly risk your money as you expect for reward then go with trading but make sure you have the proper knowledge to deal with the very uncertain market, otherwise if you believe that there is only one way for the coin to go, upwards, then hold it before the price explodes. Arguing on both of this makes no sense at all, you can just trade your money while having some money invested for holding. |
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trading with leverage will test your knowledge about the market so I don't recommend it for newbies especially now that the halving is near, people speculates a lot that's why the market is behaving like a roller coaster.
If I were you, just stick with the conventional trading, don't expect a quick profit with leverage trading unless you are sure of what's gonna happen. If you really want to do margin trading then go with eth, it has a lower risk than margin trading with btc.
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I can suggest for short trading instead of day trading. Because market is very fluctuate so that day trading is very dangerous for crypto traders i think. but if you go for short trading you can realize market condition and can take time for next step that you can not get day trading. so be careful about day trading.
Yeah, I agree on this, day trading is enough to wash your capital set for a month because of too much fluctuation we are getting in the market right now, especially with bitcoin. To be honest I've lost about $120 in 4 days due to market volatility and of course bad decision and market analysis. Instead of day trading, just do short trading, pick a moment in the day where you feel great to trade with the price just enough to increase in an hour but let me tell you this, it's very hard especially now that every one is talking about halving. |
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