So many predictions that are rising from the past months until now,.but no one them cam prove that thier predictions is accurate and will happen on the year that theyve said.
No one can predict the market accurate because this market is subjected to many factors and one of the factors can upturn all other factors. Another way I think the predictions are good for the healthy market is that this market is a speculative one and as such if we have many positive speculations like the one op mentioned there is no way the market will not try to achieve that and if there are negative like that one we have last year there is no way it will not go down. It deals with the mind and once our mind can be influenced positively through good prediction we tent to invest our funds inline with our mind. |
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So why all this people are saying bounty hunters are getting their token for free??
I participated in a bounty sometime early last year and in that bounty, I joined the telegram group channels in other to participate in discussions and news concerning the projects. In August last year when the participants were not paid and many people were asking why bounty tokens were not distributed, I was disappointed by the reply of the developer when I said "we work for you and your refused to pay us after six months" he said " you did not work for us and bounty is not a job it is a free tokens" since then I only participate in campaign that paid in Bitcoin or ethereum and the payments is made weekly. |
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FOMO's also helping Bitcoin move up, though there's still plenty of people that are looking to short and we have areas of consolidation every now and then too, and we are in one now. Don't be fazed by the noise, zoom out to higher timeframes and don't stare at lower timeframes too much and you'll do fine. Even in major uptrends there are corrections that shake people out and the move up continues up.
Many traders and investors are looking for short term price movement in making trading decision but in trading things don't work in that way. You have to look at the long term when you want to invest and that is what @leiwonderful is trying to tell us. If you can analyze charts then try to study monthly and weekly charts and you will understand that now is the best time to invest and this is the beginning of another bullish trend. Bitcoin has done well this year and it is less risk to invest in it for now. |
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I have been lately reviewing the price action using daily candlesticks formation in other to go into hedges between bitcoin/usdt. I have tested this and makes some profits and never lose any trade because the funds involved are for learning purpose, therefore, I can endure for my position to be in profits before taking profits. I tried to google in other to bring more information for us hear as this is less ris compared to margin, holding and leverage trade but could not Find useful information. I will like to hear your views on hedges in BTC/USD and how profitable it is and how much you have made in the long run?
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...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE. Too many newbies get burnt. Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you. There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span.  My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer. Best of luck. Trading actually is not for everyone and it needs special skills and knowledge in other to succeed in it. This warning is scarring but that is the truth! According to the experts in forex, stocks and commodities trading, "About 95% of traders lose money and only 5% makes profits from trading consistently". Trading is not for newbies and except you can show profits in your demo account you should not put in really money into trading as you are going to lose. It is actually better to put in your money in buying Bitcoin and ethereum and hold them for some time and sell when you think you are in profits. |
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ugabda should develop their own coin and built it on the blockchain if they think that bitcoin is too risky to be adopted into their economic? The infect of USA dollars on most of Africa's currencies is too high and it will be very difficult for some of this country to develop. To me, Bitcoin is too volatile to be used as country money and if Uganda does that it will create serious problems in the country but on a long run, they should develop their own coins just as companies like Facebook are planning. |
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As the volume of BTC is going down the price has decreased too. Do you think it just makes a step back before the pump to 15k+ or it will follow the trend to 5-6k?
Its dumping but we should no go to level of $6k again, because its not good for the market. The pump I believe will start again on the middle part of 3rd quarter especially on the Month of August and September, maybe the ghost month will bring luck in the market this time and I hope to see the price of $15k later this year. The market goes up high within the previous month, and I believe it will repeat again this year so watch and take profit. I realize some people are waiting for 6K or more lower, but it ain't gonna happen. Institutional investors are coming back to the market, the demand of bitcoin is skyrocketing and will keep on bullish. We have another uptrend my friend, it's time to accumulate and take profit. With big demands coming from new investors and businesses who also see the potential from this industry, we must anticipate that the market will grow more, this downfall might come from those who already think that the profits that they've take already enough for them followed by weak holders, it must be analyzed and make some good movement in order to benefits with any situations inside bitcoin market. There is no reason why bitcoin is now moving downward and I think the whales are now take profits and at the same time manipulating the market in other to buy cheap as it happen early this week. I think, generally, bitcoin is going up and until it get to around $20,000 we may not experience significant bear market. There is a possibility of bitcoin retest $10, 850 or $9800 again before the next pump as the buying strength has really reduce and very little panic will set in that will couse weak hand to sell. |
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Prediction is allowed but you should not invest base on the information you get online. The best way to invest is always through your personal research and analysis. I have decided to invest after the convention on the next market move through my personal analysis /research. So many people have said one thing and another but it is good that you accept what is actual and stop depending on other predictions about the next bitcoin actions.
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So looks like it is perceived to be quite a risky way of trading for many?
Never to try what burnt others becasue it can happen again to anyone. I do first of all appropriate your kind gesture by merits my post and @Dbshck, may you remain blessed. Coming back to you comment: I read online of a comment made by one of the African leaders, The Nigeria current Vice President, osinbajo, that " only unwise men learn from experience"! So many people misinterpreted him then but he late explain that "it is risky to wait and learn from your experience and it is wise to learn from experience of others"! Like so many people have said, if you did not know how leverage trade works it is advisable to avoid it and just focus on holding if you must invest into cryptocurrency. |
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It has been almost half a year since i posted this , 3 days after that I posted another one ( Bitcoin Bottomed out ? TA analysis ) We have gone too far , price is 150% up from bottom ( which i did not expect to happen this fast at all), but looking back in time, I know that it must have not been too easy to have the guts to stand against a strong down trend, or more like a water fall. Hats off to everyone who had the courage and believed in TA enough to enter at those prices which we may very likely never see again. Bitcoin don't always follow what we think will happen. I always tell my friends that "the market has it own mind and you have to follow the market's mind in other to make profits and not get burn out"! Some of us has be following Bitcoin pricing for long and without using technicals or fundamentals indicators we can predict to some extent were the market is heading to and if we see a surprise move we should take it as normal things in the crypto currency market. Remember that many people are referring to bitcoin as a speculative market and speculation is what drive bitcoin market more than any technical or fundamental indicator. |
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I hope altcoins session starting this week, whem bitcoin dominance not more than 57 percent that being a good signal to altcoins start mooning...
Bitcoin dominant is still very high and you should not expect altcoins rally to commence very soon because there should be technical reasons why that should happen. The main reason why traders flipped bitcoin to altcoins in January 2018 was because of transactions fees in Bitcoin blockchain network and since that is settled people prefer to hold their funds in Bitcoin than any of the altcoins and that is why I said before that we need "technical reasons for that to happen". We can keep holding for that to happen but Bitcoin dominant is going to remain above 60% for long! |
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Binance has been in the news for good and i have never read any negative review about them or any one rightly accused them of scamming or dubious activities and that is why when the platform get hacked last time people and investors renew their confidence on binance by investing and keep on trading and we see the infect of that on bnb coin. Binance is one of the best cryptocurrency trading platform and I place it in the class of poloniex, bitfinex, bitstamp, bittrex and kucoin. I like binance platform because it contained a lot of new tokens and coins.
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After the bearish trend, Bitcoin (BTC) is trying to gain back the momentum from the recent low of $9,657. On June 3rd, the bitcoin price has gained more than 12% of its value in recent 24 hours, which is the best result out of top-20 coins. According to 7-day chart, BTC is still down nearly 8% as the market is rocked by high volatility. I see many people trying to create panic on twitter about the recent market re-set. Some even said "bitcoin is heading to $5000", I was happy watching Bitcoin recover from $9800 back to $10,800 the day before yesterday and it has kept growing and as at this morning, bitcoin is bidding around $11876. It is really a great gain for those that were able to enter around $9800. I also believe that bitcoin is recovering and we are going to see bitcoin above $15,000 very soon. |
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My opinion though, i think the market is always favorable during the third quarter of the year and mid year. apart from the bear market of 2018. the market has always been favorable during the last months of the year.
what are you suggestions regards trading periods
In trading I don't think period or a particular time of the year matter! You can make money from trading at any time of the year. Everything depends on the amount you buy and at what amounts you were able to sell. We have many traders that buy bitcoin at this time of bull run and still sell at lose. What matter is having the knowledge to interpret the best price to buy and also the best price to sell at any particular time. Bitcoin and cryptocurrency market has been doing well in December but December may not be the best time to buy and makes profits. |
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One of my friends bought BTC when it reached $13.5k (yes, he FOMO'd in at very high rate). After that, BTC crossed $13950 and almost reached $14k (though it didn't touch there) and that was his target but missed by some bucks. And here comes the dump which shot down BTC to $9800 (yesterday) and he just lost his patience and sold off everything (what a chaotic loss of more than 30%) and it was actually predicted - https://www.ccn.com/opinion/day-trader-warns-of-impending-40-bitcoin-price-drop/2019/06/28/I told him about this and asked him to wait but he sold off everything without letting me know. Now, he's regretting for his wrong decisions. I'd suggest you to think at least 10 times before investing because if you don't have the appetite to hold on during your losses, trust me you don't deserve a f**k in profits. Patience is the key and it pays off, it is actually paying off those who bought during 2017-18 highs but held their investments without touching it. It is hard to say this: Investments that will make you rich will scare or flighten you first and patience is the solution for that. Most time when I bought into coins I find out that the market will begin to go against my position but if I hold on a little it will start to go in my favor. I have concluded in my mind that investing in Bitcoin at any price now is still worthwhile and good investment's decision and what I need is to be patient enough for the market to get to my opening position and from there pick up. Remember that some people bought Bitcoin at $20,000 in December 2017 and are still holding and if they can be patient enough, I do believe that a day will come that those people will be selling their Bitcoin at $100,000 or even $200,000. " Patience is the key to successful trading". |
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Nice news, it seems the number of bitcoin ATM will grow faster, now there are 2658 locations of bitcoin ATM in USA and countries such as Canada, Austria and UK also has hundreds locations of bitcoin ATM. bitcoin adoption still growing more companies will accept bitcoin.
That is really great and we should expect more of this as Bitcoin popularity is growing. I do believe that very soon we would have one ATm using crypto currency for fiat withdrawal in my country. The more of this ATM we have the more adoption should be expected. Online promotion of crypto currency and bitcoin is not enough and we needs physical presence of anything related to bitcoin in every institutions and ATM is one of the way to get Bitcoinevery were and you will see blow off of bitcoin in our society. |
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Not really, a big dump of tether into bitcoin was a speculation of what started this bull run due to the news on Tether not being completely backed or partially backed and some backing being of securities.
I think it is a coincidence that some people are saying that the dumps of tether at bitfinex was the reason why bitcoin is getting pump at this moment. We also heard some people saying that libla coins was reason why bitcoin get bullish but I disagree with all this views. We have be in this market for long and we know how it operate, we have one event that keep repeating itself pre bullish price and that is halving. I think the market is reacting to the next year halving of bitcoin. The more it becomes very difficult to get bitcoin through mining the better it is in terms of pricing. Tether has little to do with Bitcoin from market capitalization point of view. |
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The miners create 1800 bitcoin/ day, which means, with simple supply and demand, bitcoin will need ~$23.4 million of new investment/day just to buy the new bitcoin that is being created (not to mention holders selling new highs) to maintain that price. I use LOGIC and NUMBERS to figure out my trading and holding strategies. I share this data with my clients on my site, please give it a look. It could have saved a lot of people money in this fervor. https://www.amsinger.org/sample-analysisI will keep updating this topic as the crash continues or if I get interesting comments. I really just want to help people save money and avoid the pain I felt in Nov 2018 when I was cleaned out for basically no reason. What doesn't kill you makes you stronger, Aaron I visited the sites and I think you have knowledge on how to analyze the market but the way you express your knowledge here did not put all the factors into consideration! How will you said or trying to assume that all the coins that are mine in a day are sold that same day? I disagree with this and common sense enable us to understand that miners are also holding for better profits. Miners are not dumpers and their influence on the market is limited! Those that cause the last corrections are the whales that were selling and the buying order was very low. |
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The latest altcoins news spreading on the internet now is altcoins investors will be disappointed ,popular crypto predictors are saying its time for people to start seeing bitcoin has the only lone wolf worth investing in and all altcoins will go nowhere.
My advice to all altcoins investors is not to panic ,these people as popular as they are can't predict the future, last bullrun of 2017 no one saw it coming and the last Almighty altcoins season of January 2018 no one ever thinks that will happened.
Thank you, sir, for your encouragement and I will join you to encourage the other holders that altcoins will recover and the only thing they need to do is to be patient with the market. I do put my hope on the assumptions that it is impossible for anyone to accurately predicts the way this market behaved as the crypto-market is got bigger by the day and things are changing and I think most of this coins are going to recover in no time. Altcoins are going to surprise us like it did early last year. Holding and preparing to hold for now should be the only advice I can give for now. |
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On June 26, Bitcoin, as I saw in the CoinMarketCap table, had a price of 13,574 dollars, after which it began to drop sharply in price and the next day it already had a price of 10,891 dollars. This behavior of Bitcoin was not surprising, since many were already expecting his departure for a correction, and moreover, more profound and longer than usual. Surprisingly, after a few days, he began to rise again in price and now its price is floating.
Such his behavior indicates a great potential for further growth.
we are witnessing hard corrections and it might pull back to around $9000 before we see another bull run again. Bitcoin never disappoints in it directions when it is defined and we should expect more of the upward market than downward market this year. We are having positive fundamental analysis this days and the price keep going down because of traders taking profits from $13500 trading areas and the support levels at $9850 may push Bitcoin upward towards $15,000 again. |
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