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most governments are always like that they are always looking for ways to take money from their people. With the development of cryptocurrency many new wealthy people were born from the rise of bitcoin in 2017. so the government thinks if they can take tax from cryptocurrency then the country's income will increase. that's why they always try to find a way to take tax from cryptocurrency. but when they couldn't find a way they finally issued a ban on cryptocurrency. that's the government they always want to take the wealth of its citizens.
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I think you already know the answer but let me complete with this, try demo account to test your strategy on real market. Most people will focus on " bitcoin " not with trading, meaning they only see the product not how the market works. Try it to know the field, need time but someday you'll know trading is not easy.
I agree with this, people always look to the profit that they are getting, not to those learnings that they could get in trading. There are so many ways to learn, there are some videos in youtube that can help you to understand what bitcoin is and how to earn bitcoins, there are also books that you might want to read, also I have seen some short term classes that teaches how to trade bitcoin from scratch to mastery level, but the thing is you will learn more of it when you start to trade, when you experienced everything , whether you lose some money and gain some money it all brings experience to everyone. indeed most people only seek profit, but for me learning or experience must be owned by someone when trading. yes, through internet media like youtube someone can use to get information or knowledge about the basics of trading. one can also learn trade independently by looking at existing trading platforms. so that the experience of yourself will further develop. You can also try from other people's experiences when you feel that someone already has good knowledge in trading. with all that, you will increasingly have a lot of experience. and I think experience will make someone successful in trading. |
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A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?
maybe because your friend is someone who is a newbie. so he sought advice or opinions to the more senior and older in the crypto market. I used to be like that often asking friends who have long invested and traded in the crypto market. what is important is that the friend we are asking for advice is a good and honest person and we already know close. but even though we've asked, we still have to do our own research. so that when the coins we choose don't match our expectations we won't blame others. because it's also the result of our own research. |
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I also do not understand the policies adopted by the Chinese government. Earlier in the end of October the Chinese government announced supporting the blockchain and would make its own crypto. and that makes bitcoin prices go up.
then at this time they say forbid crypto. which also affected the price of bitcoin falling to $ 7,000. in my opinion this is a strategy of the Chinese government they are manipulating the bitcoin market. so that bitcoin is dumped and they can buy bitcoin cheaply. because indeed most of the traders and miners of bitcoin come from china.
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I don't think anyone knows for sure when bitcoin will experience an uptrend. we can only speculate and the price of bitcoin can also be influenced by the news. yesterday there was news from china about a banning of crypto at a local exchange. I think this also affected yesterday's bitcoin decline.
but I'm optimistic that bitcoin can pump again. but i also don't know for sure when that will happen we can only predict maybe next year after bitcoin is reduced by half bitcoin will pump again.
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Its normal to get frustrated and market is so frustrating from all time high until dumped. There’s a lot of reason to stay and quit. If crypto gives you hard time try to divert your attention to other things and don’t give crypto a 100% attention it will grow in due time no need to rush.
yes I agree with you when we are disappointed with crypto or have a loss then we should take a break from crypto and do other things. because investing in crypto requires patience, especially when we are in the shitcoin season like now. therefore I do not make crypto as my main income. I have a real job that I use to make ends meet. if we have another job we will not be frustrated when the crypto market goes down. |
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in my opinion the decline is happening at crypto right now because we are in a downtrend and also a large part of crypto is following the bitcoin price movements. currently bitcoin is decreasing. but I'm sure bitcoin can copy again. when bitcoin starts pumping I'm sure altcoin will also go up even though it takes time.
and in this situation I chose to continue to hold back. I will sell the coins that I hold when the coins have increased 30% or 40%.
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yes i agree with you op we don't need to panic. bitcoin is always like this can go down and up suddenly. keep calm and rest assured bitcoin can pump again. learn from bitcoin price movements in the past. we will see after the decline there will definitely be an increase and vice versa. we just need to be patient and wait. panic will make us make the wrong decision and cause us loss.
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yes i think this is the right time to buy eth before the bull market arrives. at the moment the ethereum price of $ 149 is quite low and this is an opportunity for us to buy more. although the last two years ethereum has continued to decline I am optimistic that in the future ethereum can pump again. because ethereum is a coin that has good technology and is in great demand by many people. and also ethereum will soon release eth version 2.0
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yes you are right op the biggest problem why cryptocurrency hasn't been able to achieve mass adoption is because there are still many people who don't know about cryptocurrency. and also the refusal of most governments to make crypto not mass adopted.
but I am optimistic that the potential that bitcoin and other cryptos have over time is that people will realize the benefits of using crypto. and now more and more countries are adopting blockchain. if they have adopted the blockchain then I'm sure in the future they will also adopt bitcoin.
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I read this article online that the government could stop the Bitcoin? Easily using a simple trick. Making the bitcoin market price staying in under a 1000$ for a long time and wait for the people to lose interest in it. For me, this is easier said than done, making the bitcoin market price lower than 1000$ would encourage investors to invest in bitcoin that will inevitably affect the market price. What is your opinion about this? Could the government do this? https://bitcoinist.com/bitcoin-could-be-stopped-by-governments-pretty-simply/that is the same as bitcoin which can be controlled by the government. and in fact up to now there is not a single government that can control bitcoin. bitcoin remains decentralized. Large countries such as the United States and China also cannot stop or kill bitcoin. we know that every effort has been made by the government to stop bitcoin. but in fact it failed. bitcoin is still growing rapidly and becoming the most popular crypto in the world today. |
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today bitcoin starts to rise again to $ 7200. and we are already at the end of November I think it's quite difficult to reach $ 10,000 by the end of this year. maybe later this year the price of bitcoin is in the range of $ 7000 or $ 8000. hopefully next year bitcoin starts entering the bull market. it's been 2 years bitcoin has continued to decline. I hope next year can reach the price of $ 20,000 again.
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I think all participants of the prize campaign project will not know the project they are taking part in and they are promoting it to be a project that fails and cannot reach SoftCap. the bounty participants certainly always hope that the project they follow can successfully reach softcap and hardcap. but it is very difficult to get investors so many projects that are not actually scam but also fail and become shitcoin because it cannot develop due to lack of funds.
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Large volumes of coin tokens can be manipulated easily. I once traded coins that were rarely in demand but the volume of coins was high. High volume was indeed manipulated using bots. I can't sell coins properly. A healthy coin volume is when many trade without using bots.
yes I agree with you coins that have high trading volume does not mean that coins are good coins. because high volumes can be manipulated by bots. maybe only coins that have real uses and are also in demand by investors who can have high trading volumes. and enter the list of CMC's top coins that are included in the good coins. |
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why should we think of a bitcoin coin that has been lost. I think this will be a waste of time. because even though we think hard bitcoin will still disappear and until now there is no way or technology that can restore the lost bitcoin. and also the lost bitcoin will not affect the market price.
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Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!
yes, indeed those are things that are needed in trading. read the latest news I think will solidify decisions in trading. using tools is also needed when traders are unsure of the strategy they will carry out. and sufficient knowledge about trading is also needed to choose which coins can be categorized as feasible for trading or made for investment, because not a few coins currently are junk. and I add again something that is needed in trading is not to get bored to always ask or accept advice from other traders about their strategies or speculations in trading. |
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yes i agree with you op the scam project has killed the entire crypto space. there are many good projects that ultimately cannot reach softcap because they don't get investors. some investors are afraid to invest in new projects because of the fraudsters. fraud makes the crypto market worse. but I also don't know how to reduce this fraud. because cryptocurrrency is decentralized and there is no authority to control it. so I think we can only accept and be patient with this situation.
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I think investors are still interested in cryptocurrency. in my opinion cryptocurrency is still the best investment than stocks or gold. it's just that now investors no longer trust new projects. because many new projects are scam. so that now investors trust and invest more in bitcoin. so that at present many ICO or IEO projects cannot reach softcap because they do not have investors.
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I remembered that I read Some of the articles, just forgot to save the link in which is someone saying like this, "the bottom was December 15 2018, just look at the charts. We are in the bull market, We are currently in the last 3 months of accumulation stage. After that We will slowly rise and rise. Then We will boom, Screen cap this April 2019 - BTC5300$ July 2019 - BTC9200$ October 2019 - BTC16,000$ February 2020 - BTC 29,000$ July 2020 - BTC 56,000$ November 2020 - BTC 87,000$ According to them this will be a 1.5 trillions in market cap. The dominance of bitcoin will only be 40%-46% Does the chart never lie? Just trying to get your opinion on this matter. But honestly, I want to believe on this  Have a good day to all here. it's all just predictions and of course everyone would expect bitcoin to be bullish after bitcoin divides like in previous years. but I teach myself to expect too high on bitcoin. because the current bitcoin market conditions are different from what used to be. and also currently the price of bitcoin continues to decline at this time the price is $ 7,700. I think it is quite difficult for bitcoin to reach the price of $ 29,000 in February 2020. Don't expect too much later you will be disappointed. |
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I think only Twitter accounts that have a good reputation and also Twitter have people who have long worked in the crypto world that can be followed and trusted as a source of cryptocurrency information. if you are new to cryptocurrency then I think it will be difficult to get followers. Many cryptocurrency users use social media like Twitter and Facebook to share info about cryptocurrencies. so in my opinion making Twitter as cryptocurrency information is not wrong. It depends as I don't depend much on twitter although they are reputable or not, still I don't agree that we should trust them as they can say whatever they need to say and to show to people for them to impress their followers, so aside from twitter it is better to ask in their community too and to update or ask about the current status of their project, also doing research alone is a good one. yes you really better if asking about the crypto project directly ask the project community. but what is discussed here is about crypto in general about price developments or also about certain coins. at the moment most crypto users have twitter and they use it to share information about crypto I think it doesn't matter. and of course we can also rely on this bitcoin forum to find information. I think the more sources of information the better. |
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