Well to some people martingale works; that is the idea of betting twice as what you've lost in order to be able to recover from your losses. On my end, I won't suggest it because of the risk involved with it. Some people are using strategies of such with the same idea. But to the extent I view it, that's just frustration dominating a gambler. I quite of cool down when I am losing. I am taking a pause because maybe that is not my day. Oushing through would give you a bigger chance to lose more, that's just how gambling works. It's like the known tip of "take it easy". As you slow down, it's not all about giving up but giving up is also another step forward for someone who's been into losses.
But in your case, if you've taken your time and took easy as you slowed down the process of taking back your losses. It's something to take into account that you really have to take one step at a time and don't be too furious if you're on a losing streak. The timing will be in your favor if you don't take things hastily.
The tale of tortoise and how he won the race against the hare is one big emphasis on how taking things slow can encourage a recovery for losses incurred. It is almost as if energy in the form of momentum is gained during this period. It is paramount one keeps the eyes on the price and seek ways to navigate the losses inorder to avoid much loss. New ideas and strategies will be made revealed if one can listen during the slowing down period. There's still a difference. Gambling is different from what the story is implying; perseverance, meaning, consistency will give you the bright outcome. However, no matter how consistent of a gambler you are; if you are not lucky, you'd lose. No matter how you slow things down, if you'd lose then you'll lose. That is why moderation should be the key not to win afterwards but to moderate your losses until fate sides on you. |
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I also heard about this casino first time and decided to check the site (without depositing of course). Going through the terms and conditions here https://www.dexterbet.com/en/info/terms-and-conditions, i found that you can deposit in EUR only, so it means that they do not accept cryptocurrencies??? We accept payments made in EUR. We only settle credit and debit card transactions in EUR. All debit and credit card payments made using other currencies will be settled in EUR. Please note that you may be charged by your bank or financial services provider as a result. While on their "deposits" page, it says they accept some crypto. This discrepancy needs to be questioned further. In addition, they implement KYC requests on registration, and it is strange that when a user requests a withdrawal, the user's identity can be declared incomplete and must be re-KYC. This is a bit strange indeed, do you have screenshots with this one? For those people who did not manage to access the gambling site. I've tried it as well but did not find the Kyc procedure for withdrawal which made me think if there's a problem with the server or jist an isolated incident wherein some players would come across KYC procedure on their withdrawal while some won't. I don't know, but the appearance of the gambling platform is a bit 'fishy' on the first glance. I think you should do a thorough research about a casino before you throwing your money into them, not even single dime. There are also a lot of other functional and trustworthy online casinos which is also tested with lots of positive remarks that you can try with also lots of bonuses and incitives.
One thing you should know is that, everyone is not the same and no one should be trusted on this internet space a d you should try searching for reputable casinos in the forum.
Not to mention, there are tons of sportsbook websites out there that are far more reputable and trustworthy. Though I am not completely dismissing OP's question of that website, but there are tons available that are well-received by this community. Like what you mentioned, you are correct for doing the research in this forum first before putting any money. Again, prevention is better than cure and it is very wise for you to ask for feedback in the community before delving completely on it. Well, if you are new in this industry, relying with popularity in terms of choosing a gambling platform would be better to save yourself from suspiscious gambling sites which are too many that you may come across with. Popular gambling sites has good reputations so atleast, you'd be at ease from worries. |
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You don't have valid and needed information here, so I don't think anyone could provide the needful answers as you seem to be ranting. You don't have access to the transaction details, not the email, not even the computer you used at that time. What else could be provided to you? Also, what did you mean by "x 100000000000000000?" Bitcoin amount or what? Maybe you should reconstruct this question for better clarity. However, on the second question, I found something that might be useful to you here Mt. Gox Cryptos have not been recovered till now, but there is hope for that soon. The number OP mentioned is nothing but multiplying his commotion of how retarded they were back then not to save the information properly and now regret it after decade of time. I am not surprised because anyone would feel the same way as OP is doing. There is literally no way to recover your bitcoins because OP does not even have relevant information about the storage, neither the keys and nor the trail of the whole communication. There is no use of contacting the person to whom you sent them because what you gonna say to them? Return the coins?  Not only that they won't return the amount of BTC but also, that was almost a decade already. For sure that transaction has been burried down with predent transactions. Indeed there will be no way to recover his asset unless he'd find a way to access the wallet itself. And if not, best way is to move on to lessen the stress from losing an investment, literally. Also, there are other stories alike with this one which showed how Bitcoin before was not given that much of importance not until it broke people's expectations from it. And now, people are trying to look back with their previous holdings but unfortunately, in most cases, it is too late. |
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If your testimony or statements are true, it is not Bitcoin who did it but you yourself. Bitcoin is just a digital currency whoch has many advantages and it happened that its market value is volatile which made it as well a good and profitable asset. Bitcoin indeed open up new opportunities for people who are looking for it. Since the industry of Bitcoin is still too young, there are lots of start-ups that wanted to venture and try the industry in hopes that it will bring them success and huge profit. With that, those people who are indeed got interested in Bitcoin not only through trading but by doing business or freelance job can find lots of chances to take advantage of this booming trend.
Unfortunately, not all people are succeeding with their ventures in this industry. Some are losing money literally. Interest into this technology won't be enough; hard work and eagerness are all needed in order to make use of the potential cryptocurrencies as a form of investment. Also in line with being a mode of payment, things are still not in good terms. Many countries are still not accepting this digital currency as a mode of payment because of certain issues of it. Thus, I guess it would affect its emergence, in line with your so called "boomin trend". |
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Crypto holding company by the name of Bitcoin Group are on the move to buy the world oldest bank for approximately 15 million dollars . The name of the bank is Bankhaus von der Heydt which was founded in 1754, the deal is already signed but the reason for this post is to understand where this is going. Banks aren't ready to buy Bitcoin but now Bitcoin is buying bank? This is the most mind-blowing news of the year, I don't know about you guys. Here you go if you want to read more https://cryptoslate.com/bitcoin-group-set-to-acquire-germans-oldest-bank-for-over-15m/Buying it does not mean same thing would go with ither banks, also it won't mean that cryptocurrency will be registered or some sort of 'legalized' to all countries just because a crypto company managed to buy a bank. For sure that company has other plans for that. This is interesting news because a crypto holding company is buying a bank. This may be a new trend in banking that crypto owners can follow to buy a bank. Will this be a massive adoption process in the next year? It's still a mystery.
But it's about 898 bitcoins to buy the bank and if he has a few bitcoins, he won't be able to buy a bank or any other business.
Maybe hearing the news regarding this for a while I feel happy, but on the other hand I still haven't seen what kind of goals and progress they will make after officially owning the bank. Of course, Apart from making Bitcoin the main transaction but behind it if the bank was in my place, then I would not keep a single penny in the form of Bitcoin in it. Isn't the bank working system as a place to store money, now what I'm worried about is that the Bitcoin Group is trying to convert finances with the same system that they will apply to Bitcoin. Therefore, it is necessary to know more about the purpose of purchasing the bank. Banks are simply under the authority of government and that I think is enough to explain the possible outcome of this instance. This will only be a huge news if this bank would be recognized as a crypto institution if and only if it would be allowed to be registered to such concept. This is just how business works. Powerful ones being able to buy the weak ones. Given that a crypro company bought this bank, I think it is more of a stock/real estate investment rather than something which could show progressive growth to this industry. |
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It is expected that the anti-Bitcoin group will use this FTX incident to put blame on Bitcoin.
(....)
Expected already. This is already being said before when FTX started to become fishy. Like there will be more losses or it's not a good win for other businesses like centralized exchanges if FTX will go down because it will damage the whole reputation of cryptocurrency and Bitcoin the bigger. These regulators indeed will use the FTX incident even if we all know it's nothing to do with Bitcoin. Overall, at the long term, Bitcoin will always be Bitcoin. They can't stop it. .They're not anti-Bitcoin, but investors who are afraid to engage with their crypto activities. They are simply worried but I doubt they are against this industry. There's a huge difference. Also with the ftx issues, that has nothing to do with cryptocurrencies alone but rather to the exchanger or project itself. The team mismanaged their funds which yield to its failure. The only people who are trying to stop crypto emergence are some governments who are into taxation. They cannot imply the same system unlike with fiat due to nature of decentralization in this technology. Bitcoin has its flaws and advantages. It is just up to the investors how would they manage their assets.Bitcoin is unstoppable? It could be, especially if all countries would agree to do so. But that's another part of the story. |
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Take a look at this crypto company called Bitcoin.com, the name itself have a lot to say but instead these people went and create their coin on Ethereum Can we say they don't know what they are doing? How can you name your project Bitcoin dot come and create token on Ethereum? I belief that Bitcoin dot come should have make their own bitcoin coin. Bitcoin.com is a website where you can buy and sell different cryptocurrencies, store your coins in a wallet, trade and also gamble with bitcoin and bitcoin cash. They deal with bitcoin, bitcoin cash, ethereum, USDT, USDC. Maybe I'm missing something, but I can't see their native token built on Ethereum. And they do accept the original bitcoin on their platform, so I'm also not understanding exactly the criticize to the website. Maybe it is just the name that they portray and not the concept itself. Even with other projects, ofcourse if you want to gather more people into your platform, you have to adjust with their demands such as with additional networks to be used on transactions. If they will solely use Bitcoin, there's a tendency that users won't be interested given how hige the fees are. Alternatives are just fine. The fact that they've made adjustments, for me, simply proves that they know what they are doing. Token development on Ethereum is much simpler. I think they have their own reasons why they chose to create their tokens on the Ethereum network. But we all know the many advantages of Ethereum which is even now the second top crypto coin because of its excellent growth.
For sure they have. Not only ethereum has advantage over Bitcoin when it comes with transactions, other tokens have lower fees, and faster networks. But if it is the size of community, Ethereum network is a good choice given its involvement with most of the projects in this industry. |
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Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.
I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon. I don't think we will fall even further at the end of the year, we have seen lowest low already at $15,500 and that will be the bench market for 2022. But I will agree that next year is another bear season for all of us. And with the economic conditions around the world not improving, we might see another lowest low for all we know. So that $30k for now would look like a dream to us. And so we just have to be very positive that despite being in this kind of situation, we can still recover in 2024, right after the bitcoin block halving as it will be the catalyst for the next bull run. Long way to go but we can start with small steps from next year onwards. The target we do mind off is on how to break that 20k resistance until we do able to reach out that $30k.Seems off that it is really a bit further if we do consider that we are needing that 100% increase into its price which we know that it isnt really something easy to attain considering that there are lots of strong resistance above on the current price level as of this moment.Take a look on what happened on that 17k price point which it didnt really able to reach out even on breaking that 18k. This is why its better not to make yourself mind off or in a hurry on reaching up these points but rather be thinking on how you would be accumulating these cheap prices. At this moment, seeing how the market price struggle is the problem. It is even having a hard time maintaining a $17k market value. So I guess It is still impossible for the price of Bitcoin to reach $30k mark soon. I think it is more likely to go through months before such thing occur or be visible once again in this market situation. If we'd measure tendencies, the biggest chance for a market recivery is on 2024 wherein 2nd bitcoin halving is anticipated to happen. Such event could boost the moral of investors towards this industry. But if there will be sonething having the same possible effect, price may recover sooner than expected. |
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Dogecoin Price Losing the Grip as Elon Musk May Not Remain Twitter CEO for Long! The Dogecoin price has been trading below the crucial 200-day MA since the beginning of the yearly trade. Meanwhile, the buying volume has fallen heavily. Also Today Elon Musk expressed his willingness to step down as Twitter CEO. He conducted a poll on twitter platform. The Dogecoin price seems incredibly bearish and if Elon Musk quits as the Twitter CEO, the token may be badly impacted. Earlier Coinpedia made dogecoin price prediction for the end of 2023, as $0.158. But with current news it wants us to rethink and ask – is doge coin dead? Twitter has no positive correlation with dogecoin's emergence. It was just Elon musk's influence which contributed with the previous uprise on its price. To answer whether it is dead or not, unfortunately it could be but it can also still recover. That's the problem with tokens having no utilities;they tend to rely solely with demand. So if there are no demand for it, you won't see its market value reaching ceilings. Unlike with utility tokens wherein , its usage could be a factor to catch the interest of investors towards it giving a stronger support for its market value. |
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It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG https://i.imgur.com/riSRcRT.jpegAlmost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I do nothing. I've got no feelings anymore on these drops that we're seeing because there is nothing we can do to stop it. So, I just let it go, whether it goes up or not, then that's it. I have halted my buys right now because I believe that BTC will go lower, what are you plans?
Then start buying when you see the lows of it so that you'll be able to accumulate a lot. Well you could do something if you're really that eager to profit such as moving from one altcoin to another which would be more profitable, just if you'd like to. There are just investors which do not move their asset around and that's just fine. On my end, I tend to move around the cryptospace. The only risk is to make your losses bigger if you'd come across with a worse token. Market downfall is obvious and it is just a matter of trial and errors if you'd do the same thing as mine. Just sharing. It's starting to look like we are going to see a huge dump in the coming weeks into 2023, altcoins are in trouble as big venture capitals are selling off their holdings, and another one today is DCG
Almost all altcoins are now making new all time low, Gala games for example look like it's going to 0.015$ after holding 0.025$ for months, I have halted my buys right now because I believe that BTC will go lower, what are you plans?
I don't really looke at my portfolio value anymore at the moment, that is just to depressing for me lul. It as already down like 95% in comparion to it's ATH from back in may 2021, even before all that stuff with Terra, FTX and now Binance happened and now it is even way lower than that. I will just keep hodling my altcoins because it would just feel wrong to sell them now after i have held them for so long all the way down. To sell now would mean i would realize those losses or to throw away that potential profits. I am pretty relaxed though as i only have small amounts into crypto and that is only money that i can afford to lose without any impact on my daily life. That's the best you can do. Selling at a 95% loss isn't worth it given that you will only receive a pinch of your investment. I have the same scenario during the 2018 bear market but I had sold my assets that time even I know it isn't worth it, The result is I regretted my decision and decided to just don't touch any coins that has lost 90% of value over the buying price. That's a good way of managing your funds. As long as you have money for survival, you won't be force to sell at a loss. I learned it the hard way. I agree. On such cases, it would be better to just be firm with your investment. Unless there are no chances for a recovery (you decide). There are 'dead tokens' in this industry which does not move even during bullish trend. If you have this kind of investment, it would be better to choose liquidation to free your mind from it. But if you could just set the amount aside, you may just also keep it as some sort of additional asset. |
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Won't you be at the 'edge' from doing this? I mean your business. Ofcourse your stock of goods will be eventually purchased, would you be using their crypto payment for the 'restock' or 'refill' procedure of your store? 'coz if you'd be using your other money that won't be sustainable right?, It will just be showing that you are forcing crypto adoption. The advocacy is indeed good which is to encourage more people to use this technology as a mode of payment. But if it would cause losses to your shop (as I gauge, there will be given that the price is still on down low). Well, you could really wait for the 'pump' but I am a bit worried; would holding their payment be sustainable with your shop? I hope it would. The reason why I brought this up is because some of the small businesses on my area tried to do the same thing and it is sustainability of their business which became the problem afterwards.
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Historic Price of ETH on 12/14
Today's Price: $1,307
1 year ago: $4,018
2 years ago: $589
3 years ago: $143
4 years ago: $84
5 years ago: $684
6 years ago: $7.83
7 years ago: $1.01
Amounts of money made from investments of $1,000 at various points in time (12/14):
-$677 (one year ago)
$1,233 (two years ago)
$8,152 (three years ago)
$14,571 (four years ago)
$911 (five years ago)
$166,174 (six years ago)
$12,921,119 (seven years ago)
Percentage changes in price for investments made at various points in time (12/14):
-67.7% (one year ago)
123.3% (two years ago)
815.2% (three years ago)
1457.1% (four years ago)
91.1% (five years ago)
16,617.4% (six years ago)
129,211.9% (seven years ago)
*The only year you would have lost money on ETH is if you bought it on 12/14/2021*
Note: The data above is taken from reddit.
As per the data, the only case where you had been in loss by investing in ETH will be when you invested 1 year ago. Even that be neglected if you have strong hands and can hold for some more time for prices to rise again.
I'm not an investor, it's just that I prioritize being consistent in buying ETH in any amount for investment if one day the market experiences a bullish ETH also rises to a new level. But in my opinion, ETH is the most potential cryptocurrency asset to be utilized in storage compared to holding other atlcoin crypto assets. If it is comparison among altcoins, then Ethereum indeed has the edge over others. Just check how many projects are using its chain which simply emploes how large its community of users. This also means that in every bullish trend, its large community will always back it up to be able to cope up with the green marks. Also making it more stable in a certain price range compared to other cryptocurrencies having huge movements to both upward and downward motions. So I also believe that this major coin is a must have to everyone's target asset in this industry. You are using a ponzi analysis when you analyze the data gathered for Ethereum price. Ofc Ethereum pump is not unlimited while the current price is already pump huge percentage why the need to invest now if you knew that the coin is already overvalued?
'coz no one knows when will a market value would reach its peak. The market price is determined by demand alone so how come it would have a limit? Overvalued? Nothing's over valued as long as there's a demand on it. Also, there's no such thing as 'right' prices for anything in the market controlled by the demand, in any industry not only in cryptocurrency. |
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What your expectation about Bitcoin Halving countdown? did you believe when Bitcoin Halving time coming will recovery to higher price?
Well, there are possibilities given that the event could hype the investors to engage with Bitcoin more than their usual amount of investment. Reason? Simply what happened from previous halving. Does it guarantee the same thing? Not really but the idea itself is enough to create the demand. We won't be certain than halving itself or its benefits would be the main key to recovery. But it is more likely the assumptions and how investors of this industry relates the past to future and present, which could be the 'role player' for the market recovery. But whether it would or wouldn't, it is still a long way before the next halving so let us hope there will be more positive things to happen in this industry as we are on the way. |
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This Bitcoin journey has been an amazing one for me ever since after joining this amazing forum and also after my first Bitcoin purchase. I've been following this crypto news but haven't had the money to invest in it even after acquiring some knowledge about it, but I successfully made my first purchase on the 28th of October, 2022 https://bitcointalk.org/index.php?topic=5418706.msg61204329#msg61204329 ever since then the journey has been a happy one for me as I was able to make another purchase yesterday 9th of November, 2022 and I'm buying the dip at every opportunity that I have. I was able to buy Bitcoin of about $47 yesterday, which might seem little to most people but very great to me as my goal is to buy Bitcoin at every little opportunity that I have and it seems I'm achieving it greatly even buying it in the dip. This is what I really like because it seems to me that you already have a DCA strategy already in place. I do this too, last month I bought bitcoin also less than $100. I am going to do the same before the month runs out. The goal is to be consistent and stay consistent. Before you know it, you will almost be in the 1 Bitcoin club. It is achieveable. Bitcoin has a huge potential. If you can afford investing, it would be a great idea given that the price is still 'down'. But unfortunately, not all people could do the same thing especially small investors of this industry. It would be easy to say "just invest an amount you can afford to lose" but in reality no one wants to lose in an investmenr right? Also with "just endure the market and set aside your worries" but in real life situation, investors are really anxious on every downfall from the moment they have entered. That is just indeed how this industry works and it won't work on people who are looking for an assured profit. The market prices are filled with inconsistencies and uncertainties which causes risk to investors. So it would be better to be prepared first before engaging towards crypto investment. |
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You said Fiat is bullshit but you need it to build properties 🤦
Just listen to yourself mate, if money doesn't make sense to you then avoid doing anything with money, I wonder what you can do without Fiat, Crypto is just making the whole thing decentralized and digital.
You got a point there but I think that wasn't the op wants to imply. He is trying to say that property is a real thing or has a physical appearance while cryptos and stocks do not have it. As for the fiats, they do have a physical appearance but they aren't an investment. They are simply a currency that we used daily for purchasing goods. Even though stocks and cryptos are digital. They are still considered as an assets that you can invest and make a profit with. Being digital do actually have an advantage because they are easy to keep and you can have different kinds of them. While a property investment is something that is hassle in my opinion. Having a digital investment is far superior than having a physical one. Even though it would be hard to lose a gold bar for example because you would hide it very well, even put it in a bank safety box, its at least possible, or fiat banknotes, or house burning down, whatever it is a physical thing could be destroyed. Digital ones can't be, you could be scammed, or even lose your key phrases and all, but normally if you do not make any mistakes its there and there forever which means you will not lose it. Plus its easier to control, its a few buttons and you click them and either buy or sell, that is a much better and easier method then going and buying a whole house. Why would boggle yourself on which one is superior and which one is not? If you do have the money then why cant be having both? which you do have physical and have digital investment which it would really be giving out that kind of opportunity or chance for you to make money or profits on longer runs.Although its not really that an assured thing but at least you do know that something behind you could be having other sources when it comes to money and make yourself not able to struggle if you are really in indeed of money. Cant really deny that having real estates or property which does generate income does really give out that kind of opportunity to make money in passive way but we know that having various sources doesnt matter if its digital or physical then you should really be having as much as possible. Exactly, why distinguish which one is superior to another? If real estate is better than cryptocurrency, but it can't be profitable for us, is it still called good? We invest, and the end goal is not to determine which is better, but what is important is which gives us good returns. People won't care what you do, they only care about the results you get, so take advantage of every opportunity to make a profit. It doesn't matter whether the investment is physical or digital, all can be profitable, so invest in both. Bottomline is; we do have different investment preferences. Some made fortune out of gambling, some made it out from real estate, and for sure there are also people who became millionaires in this industry. These people exist but that does not guarantee that same thing could happen to anyone. We have different circumstances and capabilities so be sure to act on your 'zone'. If this would work on you then continue but if it won't try looking at other thing. Maximize your resources as much as possible. Nothing would work if you'd force yourself into it. Investment, of course, depends on everyone, expensive property prices cannot be reached by most people, especially when you need money it will be difficult and take a long time to sell, while cryptocurrencies are very easy investments and we can make cash at any time, and of course the potential for profit can reach hundreds of percent per year.
This is what I meant regarding circumstances and capabilities. Not all people could buy a property to be held under one's ownership and wait for years for its value to increase. In the first place you'd be lacking the opportunity already if you don't have the money to start it with. |
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A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?
I will do in the case of this person that I will immediately exchange and replace my bag of these coins for other coins because their two projects will follow FTX of bankruptcy,....... Well, that's generalization. But I do agree feom staying away FOR NOW, from projects which are linked to FTX and Alameda but not because of the direct assumption that things would be the same, rather, the possibility that negative image will be reflected to the project, I think there's a huge difference. FTX issue is still on heat even after weeks of what happened and that might push away possible investors of a project (which could negatively affect its outcome). Quite unfortunate but that's just how demand works inside and outside this industry But be sure to gauge the possibilities. There are projects which are good that has slight linkage with recent negative issues. Keep in mind that projects has different teams and investors has really nothing to do or has no control of projects not under their name or management. |
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Since we are going through different circumstances, I think minimizing the ratio OP have mentioned would be a better idea; try atleast 1/4 of your salary or monthly earned money. Take it easy and lightly because not all people here has privilege to do as they want with their earnings. Some are even accountable and responsible to give more than half of their monthly pay out, to their families which makes it hard to save. Especially nowadays wherein the market price of market goods are continuously increasing week after week. The theory for investing with money sharing as above looks easy, but in life of course there are many challenges, I have been working for about 5 years and it is very difficult to leave money for saving, especially for those who are already married and have children, of course it will be difficult, and in my opinion the solution the best is an investment that can produce productively.
You're right but the question is can you invest with a one month salary? Definitely no! You have to save first before you invest in whatever you seems to be profitable for you. The important of savings is not only for investment but also for unexpected challenges. I actually don't know why people always attribute problems to married people and assume singles have less problems. Lol Proper segregation and management of one's money would be the key. Try to atleast plan an amount for a certain bill; electicity, house rent, food, and such). If there will be remaining amount outside your dated bills, you are free to use it on investment or just save it in banks. |
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Think of how will the market collapse if things would be consistently on uprise movement, in particular with the market prices. Sometimes dumps are good for this industry in my opinion, to somehow allow people to cope up with the increase. But ofcourse, too much volatility is another thing. Rather than stating it to be the worst year for bitcoin, why don't we take it as one of the best year for investing. I'm not sure, but the whales take it in the right way for investment whereas you and me fear of the market movements and wait for the bullish move to invest. In the past we've experienced the better days after the worst, so this time too we'll experience good. All that need to done, accumulate as much possible and hold what is available.
Best year if you're one with those investors who could endure the bearish market behavior. But since many investoors are minding other problems, we cannot push everyone to put their 'bets' right now given that there's no assurance of when will the market recover. Thus, temporary profit loss (if you'd be caught by dumps the moment you enter) would be lasting for a period. The question is; would you be able to endure it? It is for sure easy to say that you would but it would be different once you are into the projected situation. |
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In the cryptocurrency market, there are a lot of unknowns, and no one knows what the price will be in years to come. It has the potential to soar over the previous ATH of $69k or collapse to $10k. But making such a wild prediction that the price of bitcoin would collapse to below $20–$50 is absurd when trying to understand how it will occur. The only way I can see it happening ($50 bitcoin) is if all the whales dump their bitcoin at once and no one refuses to invest in bitcoin. Before then let's keep hodling our bitcoin and enjoy the profits that come with it
If it is possibility in its broadest sense, then there is a chance especially if there would be something or some sort of a news which would cause take away the interest of the investors towards Bitcoin or this industry in general. Such as with what happened recently on FTX; many new investors became afraid of engaging in this industry which pulled down the price of the market in an instant. So if same or worse thing would happen, situation might really collapse. So yes, better be cautious still. It's trust or faith. All of the numbers that you said is possible to reach. Even if it's below the prediction of technical analysis, the volatility can happen at a huge scale.
But, as long as the demand is higher than those who dumps it, the chance of getting that deep is too low.
Let's say it reached $10k, there are buyers who are willing to risk at that amount expecting something greater in return because of the same mindset by other buyers.
If you are waiting though, it may take a while, or never.
Much better if you would add awareness with the news concerning this industry for an investor to make the right speculation.Indeed no one is certain of what would happen to the market; therefore an investor could only rely on the fate of this industry but atleast if you would be able to somehow speculate you could minimize losses. |
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Hard to tell and hard to announce. But I'd say it is not as high as with the rewards way back 2017 from campaigns. Most projects are now paying on a weekly and usd based so it is somehow fixed. Way back years before, payments were in the projects's token which makes the pay out or reqards bigger especially once the token they are promoting is released in the market. Quite unfortunate as well for those who has low ranks in this forum because rewards are a bit small and sometimes they do not qualify to the campaign. On the other hand, I am stillthankful for the payong projects nowadays because it gives participants something to be greatful of despite of the bad market situation.
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