Yes. why because some of coins created just to scam people look at the bitconnect coin we thought that coin is legit but as the investigators found out the coin is ponzi and eventually the site and price bitconnect drop heavily and in the end the team were ran away and never turn back and because of many ICO and ponzi coin scams people are now hesitating to invest on cryptocurrencies so, these are the reasons why i agree these scams are killing cryptcurrencies
Even when a coin is revealed to be a scam and there is definitely proof that is being offered in the forum and in other websites people don't normally take the time to research the project in which they are interested and they never see this information and they get scammed anyway, in the case of bitconnect there were many members of the forum warning from the beginning that it was nothing but a Ponzi scam but those that invested in the project defended that developers until the very end. |
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I think that google has the potential to be a threat to almost anyone. Think about how much info they collect from us everyday? Some of us like myself even use chrome which probably collects even more info.
Could they abuse this info? Sure they could. Anyone can become a threat it just varies in the level of the threat. As far as crypto goes... Well... I mean they have a lot of research from us, crypto users. Maybe they could use that? Quantum computing is a whole nothing story. I honestly don't have that much understanding about it other than the obvious that people say it can brute force a private key. That's insane and on a whole other level. So no right now I do not believe that google and quantum computing is a threat. At least not yet.
It is interesting that you understand that at some level Google is a threat to our privacy and yet you are using their browser, they are monitoring everything you do while you are surfing the web and even if you are not doing anything wrong you have a right to retain some of your privacy, in my opinion Google, Facebook and all of those companies have gone too far, but no one wants to stop them because governments are interested in that information too. |
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I'm thinking something, without so many new alts we wouldn't have fun, don't you think so? Now everyone is free to create alt, its easy, even easier if you plan to create some token. People do it all the time, and most of them do that just to scam people, but I like to believe in hidden gems, alts with real meaning and future purpose. This market is getting shaped all this years and that process will last for years, we have many alts, and I believe we will see many more of them in the future.
I cannot deny that it can be really entertaining to watch new coins and see how they develop, but lately this has been getting kind of boring, developers are not really putting too much effort in their coins these days, it is as if they know there is no chance their projects will become a success and they have decided to use them to try to gather all the money they can and then forget about them, in the past I supported the huge number of altcoins thinking something good will come out of them but now I have withdrawn that support since I do not believe that anymore. |
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Here an interesting statement from a well-known crypto investor and advisor: https://twitter.com/woonomic/status/1196473964014424064He claims that with this halving event the situation will be completely different and we cannot expect price increases. It is possible that we will have one more bear market before halving. It will be interesting to see what happens from now on, the market is indeed looking bearish and if the miners cannot hold their coins and begin to dump them in the market there is a risk the price will go down even more, for a long time I thought the price will not go below 6000 but now that is a real possibility, while the price today closed at a level above 7000 there was a point in which the price went below it and if this bear market extends itself for months it will not be surprising to see those prices. |
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I'm actually a little worried if the price of bitcoin rises too expensive. This will make people in the outside of the crypto community going to be difficult or have objections to get in there. active in this forum are people who collect bitcoin / crypto. Try asking ourselves whether later we will still be able to collect bitcoin like now if the price is too expensive? I even prefer the price of bitcoin to be at 15k-20k usd. and I'm sure the price of bitcoin will not exceed 50k usd later ...
That is just the way all the markets grow, if at some point buyers do not feel comfortable buying bitcoin at a price then the price goes down until it can find a balance between the buyers and the sellers and if you do not believe me we can find a good example on what it is happening in the market now, many are trying to find a fancy explanation for the price to go down but the most simple explanation is the lack of buyers at the prices we were seeing and this in return caused the decrease. |
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It is impossible to trade without losses, but it is possible to minimize them. Work out your specific trading strategy and tightly limit losses. Also, do not enter into risky transactions and do not buy under the influence of emotions.
I find amazing how some traders want to obtain the benefits of trading but they do not want to accept the consequences, trading comes with risk anyone that does not want to deal with it should get out of the market and never comeback, and this is even more true in this market which can move so fast that by the time you decide what to do you already lost some of your capital, however reducing your losses is possible but only if you manage your money conservatively which is not something many do. |
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In my own personal opinion, i think it is much better to buy bitcoin today because as of now the price of bitcoin is cheap and there is a huge chance tbat it could recover it's price up to 20k USD again. It is the reason why a lot of crypto users are holding and buying bitcoin again because they are waiting for bitcoin's price to increased again.
And just a few days after it the price has gotten significantly cheaper and there are high chances the price will keep getting even lower during the next weeks, for what I can see this is going to be an opportunity that is probably never going to repeat itself again, I really expect that the next year or the year after it are going to be very positive for bitcoin and the market in general, and if you can buy bitcoin at any price below 10000 it is going to be a great deal. |
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Regulasi aren't a golden bullet against scammers. As all those things become more obvious to the general public, scammers evolve to mimic decent projects with almost impeccable efficiency. Still, the most reasonable rule of investment isn't about ICOs or IPOs, it's just about your common sense. I mean no matter what, never spend more money than you can afford to lose.
This is very true. I read posts more often than not, claiming that regulations will curb the menace of scammers. But scammers can also find their way around this regulations to be able to make heads way. Notwithstanding, just as you have rightly said, never invest more than you can afford to lose. Dont be greedy. That's the simple golden rule The regulations are not there to slow down scammers, the regulations are there to try to figure out how much money each person has in the market of cryptocurrencies, but when it comes to scammers that is useless because they have no problem creating fake identities which they can use to avoid revealing their activities, but for the rest of the people which are honest about their holdings they have no option but to reveal their identity and scammers take advantage of this and may even sell that information. |
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I don't watch too much ICO or IEO anymore. Because I'm not gonna let people fill their pockets anymore. If there is a team that really wants to do quality work one day then I can invest
It is incredible how quickly a market can change, not long ago people were very excited about investing in icos and they believed that they will be the key to make this market really popular among the masses of people, and just a few years later no one cares about icos anymore, which is completely understandable when the chances of making money with those coins are so low and there are so many scammers then it is not really a surprise that this has happened. |
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It is not difficult to guess where investors in this market are putting their money, the answer is bitcoin, bitcoin is the only coin we can be completely sure it will have some value in the future, after trying their luck with icos and ieos for years and not getting results investors are using whatever money they have left to invest in bitcoin and only in bitcoin, I am sure those holding altcoins do not like this one bit but it was inevitable taking into account the terrible performance of icos over the years.
Many did transfer their money into bitcoin. There are still people that stick to investing ICO and IEO. Some others leave the crypto market. There are many investment options out there, like forex, gold and resources, stocks and many more. I think next year will be another good year for bitcoin and other solid altcoins. Investors will slowly turn their attention into the crypto market once again. Investors are going to come back to the market, I don't have doubts of that what I do not really believe is that they are going to once again trust in icos or in whatever system system that new projects are using at that moment to get money, we have seen that during this year in which by far the most profitable coin to hold has been bitcoin while all other coins at best had some small profits and the majority of altcoins are still 90% below their all time high. |
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Halving is in 2020 so whoever says bitcoin will not make a huge leap is dead wrong. The discussion shouldn't be "will bitcoin go up in 2020" it should be more about how much it will go up. I am not a person who says numbers like $50k or $100k here and there because I do not believe that type of increase is easily done.
People do not realize the amount of money required to make a 100% jump when the price is close to 10 thousand dollars, sure from 100 dollars to 200 dollars was easy because it required very little amount of money but when it is from $10k to $20k it will require heaps of money and we do not have that kind of money in bitcoin world right now, sure we can but not right now. Hence, I feel like the max we will reach will be $20k at 2020 and that would make sense.
What I am expecting during 2020 is that we reach 20k but that this time we reach that price in an orderly fashion and that we remain close to those levels from now on, the last time we reached that price was because of a bubble and it was not possible to sustain it after panic took control of the market, now we are tying to reach that price from a higher base price so it should be possible to remain at those levels for much longer during the next upward correction. |
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What we are really lacking here is acceptance. If the government will accept cryptocurrency, they will make a move in order to fulfill what's other lacking like knowledge. If only the government will support crypto, they can include it in the curriculum so that students and millennials can learn and adopt cryptocurrency. If more people discover crypto, merchants will adopt to it. Making it an option for payments and such.
The only problem would be, non techy people and rural places. Well, it's not actually a problem since they can still choose not to adopt on it if they are not capable.
That is not really an option, governments are never going to adopt decentralized cryptocurrencies completely because it goes against their goals, and even more importantly it is never going to be included in the curriculum of schools so young people can learn about it, that is just a dream, if we want the market of cryptocurrencies to become more popular then we need to accept the fact that people will have to discover this market by themselves. Government could still adapt the decentralized cryptocurrencies because they can implement regulation to the different cryptocurrencies that are decentralized so they can have some control out of it and they can make sure that there will be no misuse of cryptocurrency. Some of the government in different countries already have a law for cryptocurrencies. Governments without a doubt will adapt to the different circumstances in the case decentralized cryptocurrencies become really popular, but they are only going to accept this if they are forced by cryptocurrencies otherwise they will try to keep operating as usual, so if we want a government that is not obsessed with trying to monitor everything we do then we need the popularity of cryptocurrencies to reach new levels and that is only possible if people realize the huge advantages that cryptocurrencies offer. |
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Steady your analysis, and it's time to buy Bitcoins, I think the Bitcoin price movement will soon begin. I estimate the Bitcoin price increase this time will be higher than December 2017 Just wait.
based on what ? did u have some trustable source about it ? or that just your own speculation ? and what behind that your own speculation ? , because u know , i am kinda curious about it. u know , i am just read many many article, and mostly said , even of halving btc on may 2020 , the price speculation just about 16-20k . When someone makes a prediction like that I would like to see as well the basis for that analysis, but the longer you see those predictions regardless if you do it in this forum or other places they have the same thing in common, there is nothing to sustain those predictions and without that you cannot take it seriously, and with the price below 8500 and a very low volume I find it difficult to believe we could end the year above 10000 let alone a new ATH. Eventhough you have predicted two times three times multiple times correctly about the next market move ... it doesn't change the fact that bitcoin is decentralized which means the movement would always wild in the long run , you might proudly says I ' i told you with these technical analysis, with these patterns, with these theories... things i explained few weeks ago is happening now ' , it works but temporarily. As you can see we are heading to have a death cross signal recently in the last few days bitcoin price continues to get dropped after the sudden surge two weeks ago. Been able to predict the market with a certain degree of accuracy is important because the more accurate you are the better results you will get in the future when you trade, the problem is that many of the predictions that we see in the market are not really predictions, traders are just expressing what they believe it will happen but they bring no support to their theories, and without any evidence we cannot tell if those predictions have any chance of becoming true. |
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Yup, I've followed some signals but now no more. it must be very careful and need further research. no need for all crypto signals to be followed. because there are some crypto signal groups that only drive FOMO. we never know since when they bought the coin and at what price they have bought. remember risk management in the world of trading.
All of us when we were starting our journey in this market have made mistakes, and one of the most common mistakes is to believe that a signals group will help you to get profits in the market, it seems so simple and so profitable to take signals from professional traders and then make money with them, but most of those groups are not really interested in helping newbies to become better traders over time, the only thing they care about is to extract every single dollar out of them. |
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Trading tools and assets to trade  My favorite trading tool i use on a daily Trading View, mainly due to its feature of over 100 indicators and over 50 charts, which allows me to create bespoke charts to suit my trading strategy. Secondly, TradeSanta comes in handy as it helps me make a profit even while I sleep through its ability to automate crypto trading. Those are nothing but accessories, what you need is skill, and if you don't believe me then you should read about the lives of the traders that lived many years ago, before the advent of computers traders needed to draw their own charts and they needed to calculate their own indicators by hand and then draw them by hand as well, and yet many of the theories of those using those very rudimentary tools are still used by people using the most advanced computers available today. |
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Bitcoin Has Been Profitable for More Than 94% of its Existence
I don't really agree with you on this statement. It might have been 94% profitable for you but that does not mean it has been to everyone in the crypto space. A lot of people have made huge loses investing in Bitcoin considering the drop of its market value in the year 2018. You need to provide us with your statistics for this assumption of yours. Bitcoin might have a good profit margin considering its frequent change in its market price within a day or week but I don't really think it has been more profitable more than 94% of its existence. I disagree with you on this. If you read the link posted by the OP you will see it is true, if we take the price bitcoin had today and we count the number of days in which the price of bitcoin was below it then we could get an idea of how many days bitcoin has been profitable, after all if you bought bitcoin in any day in which the price was below the current price then you will be in profits, so only those that bought when bitcoin was above 10k are suffering losses and this will probably not last long if a new bull market happens. |
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Sure crypto will boom again, never erase that belief in your mind as crypto has struggle a lot of times but recovered and still here.
The entire marketcap of crypto is over $200 billion, so basically we can consider that as a big money already playing in the market.
just be patient, its just a matter of time and everything will be back to normal.
Now what's the normal market status?
This depends on what you believe, for me the normal market is a bullish market where not only bitcoin has a chance to grow but altcoins as well.
if we look in the past: December 2017: ETH price was over $1200 Neo price was over $130 and look at the current price: ETH price is $180 Neo price is $12 Do you believe that someday Neo will be priced over $ 130 again? I do not believe! People need to be very careful with altcoins. Look at Bitcoin, in December 2017 it reached $19000 and today it is at $8000 and that's not far from $19000. Bitcoin has a chance to return and surpass $19,000 The issue with the way altcoins move is that they can be severely overvalued, I also have my doubts that many of the top altcoins will ever reach their all time high but that is only a problem for those that bought bitcoin at those prices, for the rest of us we only need to concern ourselves with buying altcoins at decent prices, as an example buying ETH for less than 200 dollars is not a bad business since ETH from time to time can reach a price of 500 dollars without too much of a problem. |
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From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
The huge number of scams is indeed affecting the interest of investors in new coins and it is very easy to see this is true because the bitcoin dominance is still very high despite the lack of growth that we have been experimenting during the last months, but I disagree with the solution you are proposing, regulations are not going to help at all because the ones that will try to regulate the market are not interested that this market flourish their only interest is to try to control it. |
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so there will be soon no point in discussing this at all
with every day that passes this coin is more and more unlikely to launch:
at least six members of the consortium are out already and more to come it seems , PayPal, eBay, Visa and Mastercard were the first to jump the ship
and without their support it is not going to happen for sure , since the central bankers see the threat and would not allow it
to me it seems that Facebook thought they would strike a deal and try to become one of the privileged , but something went wrong
most likely that the shadow governments and central banksters simply do not want any competition and any attempt to become one of them by some upstart is destined to fail
I subscribe to this train of thought, Facebook should have known the kind of opposition that they will encounter, it is likely that they thought they had enough connections around the world to try to pull off their project, but something went wrong, is the opposition greater than they thought? Or they lost a valuable ally that was supposed to help them overcome the barriers that have been erected right in front of them? But whatever the case it is unlikely the Libra project will ever be released. |
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So Everybody like to talk about winning and profits.... But traders honestly how much You are losing? Daily weekly Monthly?
Im sure the Beginners lose coz of FOMO.
That is quite a difficult topic that you have selected since very few traders would like to talk about such subject, in my case I am not losing but I'm not earning any money either obviously this may seem like a waste of time to some but considering that I'm still learning how to trade the fact that I can breakeven is a step in the right direction, now the only thing that I need to do is to reduce the frequency and the size of my losses and eventually I'll begin to see profits. |
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