I feel this too. The price of bitcoin is kinda stuck with low price and high in selling price. I think bitcoin is also affective with this stocks in a stocks market. But anyway, im still positive that it will turn on good. I will still hold with bitcoin.
I agree with you guys. This is a hard moment and we have to hold more than ever. I never could imagine see again eth around 550$ but we have to assume this hard moment for cryptocurrency world. Strong mind and avoid weak hands!!! Regards guys. Yes, this is really frustrating for all of us. Specially those buyers who got it at the top price of $19K last December. It seems that there's no end to all of us. But just have patience because we all know at the end, bitcoin will bounce back. A little over a year ago Bitcoin was worth less than 1k. On the one hand, this tells us that we still have a pretty decent price and some support. On the other, though, this also shows how low Bitcoin can actually go. The problem is Bitcoin is not stable, and if it stays at the current levels for longer, the speculative folk will lose their interest. That wouldn't be an issue if real adoption took off for real but so far the prospects for that are rather bleak too. It is true that the price could go even lower if the price of bitcoin does not begin to move soon it is very likely that many people that have invested their money in bitcoin will probably begin to invest in altcoins so they can get more money out of their investments, however I do not think that we are so far away to get more adoption what we need is that bitcoin works as the currency that satoshi wanted. |
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Normies probably bought in at the ATH speculating that they will double their money within a few months, but due to the crash they mitigated their losses and cashed out early. Can't say it was a bad thing as it did go down further, we should hope they do return and invest again at the right time - which as we all know is now!
I don't know if those that lost a lot of money are going to try to invest in bitcoin once again, first of all they probably do not have the money to do it and even if they did it is going to be very doubtful they are going to risk their money once again in something they know are completely incapable of getting any kind of profits, we will need to encourage new investors and with the market as it is right now that is difficult. |
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I guess it's not as bad shorting bitcoin, but starting a big mining operation right before the biggest bear market of all times (MtGox 2013 crash) was obviously a big mistake.
Starting it during 2015 to rack up a lot of cheap coins would have been great tho. You keep mining while on a stable low price and keep expanding as much as possible and then you are set once the big new all time highs hit.
If I could i would start mining now that the price is going bullish again.
Certainly it was a bad decision but at the same time sometimes everything will come to luck, he had the money, he had the knowhow and if he invested in another period of time he could have got huge profits but instead since he invested at the worst possible time he lost a fortune, this show to us that no matter how good is your plan you still need a little bit of luck in order to succeed. |
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Yes i will definitely agree that being rich is sometimes determined by chance. But we all know that rich people nowadays are those who came from a wealthy clan. There are also chances that a certain people become rich because of luck and some other people get rich because of their hardwork and determination to get what they want in life. Another thing to consider is the skills, techniques and the talent that is being used plus the resources to be use to start a business and become succeesful someday.
The way the world is, it has been in a way that the rich will keep getting richer and sometimes the poor getting poorer unless by chance they are able to get out of that jinx. I would say everything about life is by chance and the truth is that if you want to actually check the average of those who are wealthy, just few of them are smart and intelligent while for some of them, the smart and intelligent ones are the ones busy building their dreams. Sure, we cannot always rely on chance, but one way or the other, it just happens. Well it makes sense that the rich keep getting richer, if they got their riches due to skill then the more money they have the more chances they have to use that money to produce even more money so I do not really find that surprising the fact they can use their wealth in order to improve their position even further, the difficult thing is to improve your position when you lack resources, and that is why many people that have talent and skills remain poor. |
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I agree with what you said all of them.
All millionares from crypto now holder since 2009 or 2010 there are also holder from 2014. They investing not speculating or day trading. They buy with their cold money or the money they can afgord to loose like if we want to buy property hold that property for very long term 8 years or at least 4 years. If you see the chart every second you probably will not be a millionare because you will sell it in lose.
This is important, if we want to obtain great profits we need to hold for a very long time I have held only for a short amount of time and yet I'm still in profit despite the crash in the market and I have no doubts that if I hold for five years or more the profits I will get out of my investment will be nothing short of amazing, it will be hard but I think I will be able to do it. |
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It's obvious that banks are afraid of the bitcoin: why do you think they have made this campaign against the crypto if not for fear of losing their power?
But the power of the banks is so great that I wait to sing victory.
Banks are indeed very powerful but at the same time their power comes from the people, if at some point people decide to take that power away from them they will be unable to stop them and I think that is what we are seeing right now and that is why they are so afraid, they are starting to see signs that this may be starting to happen and they are not liking it. |
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There are two ways of looking at this,there are people who started using this platform simply because they are away from the government regulation and they cannot control anything and the expected future investors does not care about the reason the market started in the first place as they wanted profit.
I think that is just a natural evolution of the market, most people that invested early in bitcoin where mostly idealist, but now the people that are putting their money in cryptocurrencies are not doing it in an effort to support a project they want to get profits, and they want to get it fast so they do not really care about the regulations except for the effects the regulations may have on their profits. |
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I'm just curious about it. Because they say bitcoin will no longer of it's existence so I just want to ask there's any alternative coin that could replace bitcoin or surpass what bitcoin did right now.
And who says that bitcoin is not going to exist any longer? Bitcoin is simply too strong and resistant to disappear like that unless someone found some kind of bug, but that is very unlikely since some of the best developers around the world are working on it, so right now there is no coin even close to reach the popularity and adoption that bitcoin has. |
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The bitcoin boom is coming to an end. And the death of this short era of craziness regarding crypto currency is quite possibly the work of government regulators
Of course not, we are not even close to reach the peak of the potential of bitcoin, how could that be when bitcoin has not been widely adopted yet and it is not used as a currency, the developers are working on it and it's very likely they are going to get finally to the solution in the next months or years and when that happens you will see a real bitcoin boom. |
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The first 10 coins on the coinmarketcap are the best coins that you can invest and make really good money in years come. Bitcoin, ethereum, ripple, zcash, dash, litecoin and some many other that has good capitalization are some of the coins you can actually invest and make good money.
It really depends on what you're looking for, if what you want are long term profits then investing in the first 10 coins in the market cap be a really good choice since its very unlikely those coins are going to disappear, however if what you want is to make your investment grow many times over in the short term you have no option but to invest in altcoins with very low market caps. |
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i'm just curious if how many percentage of all the people on earth know about Bitcoin. in my country i think only 10% knows about it. post your opinion guys.
It is very difficult to know how much awareness there is for bitcoin, if I remember correctly there was a poll some time ago in the United States about that and it was found that people under 30 years old were a lot more aware about bitcoin than those that were older, this makes sense, because that demographic uses computers a lot more than other people, but that does not mean those people have used that knowledge to buy bitcoin, the amount of people that hold bitcoin is even lower. |
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I'm still wondering why bitcoin suddenly dropped over 11kUSD. i thought that it will hit 30k usd this year, but how come it's suddenly dropped? i dont think so if its manipulated by whales or maybe the supply and demand of bitcoin is one of the problem . or maybe uts a chance given to us to buy so we can havea good profits. can someone explain?
Get used to it sometimes we think the price is going to move in a certain way but it never does, in fact most of our predictions are going to be wrong but it is something we have all understood long time ago and yet we still invest in bitcoins despite all of this and this is for the simple reason there is no other investment that is as good as bitcoin over the long term. |
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I think next decade will be the blockchain era, not only bitcoin. Now happen the same things as happened when internet was invented and started to be used, blockchain will integrate in our life and future generations will be born and live in new blockchain era.
This is very possible after all the same thing happened with the Internet at first when the Internet was created not many people use it then we began to see a slow adoption and eventually everyone began to use it, we are seeing the very same pattern with bitcoin, some people are using it even when it's not very user friendly but in a few years or even a decade we should probably expect that a lot of people begin to use it. |
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trading cryptocurrency is always difficult especially if we don't know anything about cryptocurrency but this could be solved if we want to learn about trading itself. I am sure there are many information or guidance about trading so we can learn step by step even for new people, they can learn the basic of trading. but now, as we can see that bitcoin price is reduced and altcoin becomes unpredicted, I admitted that the situations become difficult although we could still determine where the price wants to go.
If you really do not know anything about cryptocurrencies then it is not going to be difficult to trade it is going to be impossible even with a huge amount of experience and knowledge making money out of trading is going to be very hard if you do not have any of that then forget it, you are not going to make any kind of money by trading in fact it's very likely you will lose all the money you have. |
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what do you think will be the future of this market? and what needs to change so governments will start to recognize it as a currency?
bitcoin will continue to grow and there will be many people interested in bitcoin and I hope the government can accept bitcoin because bitcoin has proven to help the economy and give hope to have a better life I do not think we're going to see many governments accepting bitcoin anytime soon, yes they are going to regulate it but they are not going to fully accept it since they understand very well the danger of something like bitcoin not for the regular people but the danger to them, because even if the possibility is remote bitcoin has the potential to replace fiat and if that happens they will lose control of the economy. |
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I can feel and understand your disappointment but please do not panic, what goes down also goes up, have some patience and market can take reversal anytime soon, i think the end of bear trend is near now.
Wrong What comes down does not necessarlily go up... who told you this? At this point the only thing that can save us is a truly scalable Blockchain that can compete with VISA, so that banks invest their funds in the project Well the developers are already working on that and there are very high hopes this is going to work but we need to give them time they are not going to release something that is not ready, and second if banks want to invest their money in bitcoin they can do it but the whole point of cryptocurrencies is to allow you to be independent of the banks and now you're thinking that we need banks to save us which is something I do not agree. |
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I think by the end of 2018 we will see this indicator in $25000. The market is unstable and changeable, but it will grow. The popularity of cryptocurrencies in the world only begins, people begin to understand these advantages
This will depend almost entirely on what is going to happen with the lightning network, if the lightning network is not activated in this year then the possibilities of reaching 25000 at the end of 2018 are going to be very low, we need some kind of hype something that excites people and if we do not get that then will be almost impossible to reach that price, but if the lightning network is in fact activated then 25000 may be a little low. |
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There is always some crisis coming, just look. But there are also always plenty of opportunities, just look.
So, it depends on whether we want to look for a crisis or look for opportunities.
Opportunities and crisis go hand to hand, when there is a crisis in the economy many people that have huge debts begin to sell their best assets this means that you can get some really cheap property, for those that have cash or in our case bitcoin this can be the perfect opportunity to get some great bargains, and this is one of the biggest reasons why you should avoid debt and save as much money as you can. |
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Well it depends on the level of regulation. If they severely restrict who can transact or even outlaw bitcoin then we could be in trouble. Banning or restricting ICOs would also have a negative impact because a lot of the money transacted inc cryptos is being fueled by ICO investment etc. If suddenly they become a heavily restricted market with KYC regulations etc then a lot of them will die off or find it hard to get investors.
The problem is that it always starts like that. at first they will introduce a small amount of regulation in order to not bring a lot of attention to it and then as time passes they are going to turn up the regulation to the point in which you will no longer be anonymous anymore when transacting cryptocurrencies, that is the real risk. |
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This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Those are some great quotes and even more importantly those quotes are true, it is interesting that in the stock market or in any kind of market by the way the ones getting the bigger profits are not the ones that are working the hardest like the day traders but the ones that do not do too much and that prefer to sit on their investments and hold for a long time. |
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