I think that bitcoin is best for investments at this time. Because this is the most valuable cryptocurrency in the market. But there is a minus in its instability so you decide.
Because it is the most valuable crypto it is not the best investment. Other cryptocurrencies have much more room for growth than bitcoin, bitcoin is just outdated. Bitcoin is strong because there are so many BTC pairs, once we get more exchanges to accept more cryptos for fiat bitcoin will slowly die. |
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Personally I don't think it's worth it to invest in any crypto long term unless you are really planing to hold long term and I mean years and years. A lot of people thought we were going to break out of this downtrend quickly but it doesn't look like it, last time it took 3 years, who knows now and who knows how many of the coins today are going to be dead in 5 years, best option is to play the bounces and trade.
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Find an exchange that lets you short. If you can't, the best strategy (and easiest) is to try to buy the RSI dips and sell really fast, taking really small wins like 2-3% at most because the bounces always end up dipping again.
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I actually make a lot of money investing in coins like Achain or Vechain when a bear trend settles and the bounce is about to happen, they usually have 50%+ gains, in fact achain last time almost got a 2x.
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Is it too late to buy IOST
Considering that it went down recently with the overall dip it's probably a really good idea to buy now, it can easily do a 2x if a bull run begins. A lot of alt coins are much better than Bitcoin or Ethereum when it comes to bull runs. |
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1. Volatility is also one of the main reasons people come to this market, obviously cryptocurrencies are intended to be currencies and should not be volatile but it's too early for that, you have to give it another 5-10 years so I think volatility is fine now
2. Regulations are coming specially this year so that's that.
3. Scams, too many scams everywhere, we need better exchanges as well.
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Bnb - you are basically investing in binance and we all know binance is a great exchange
Vechain- Always updating, always news, always new partnerships, it's just great
Payfair- It has a lot of potential long term and a working product
Ethereum - Because ethereum is the best
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I don't know 2018 but long term I think payfair has a good chance to see big gains, it's really undervalued right now considering they already have a working product which most coins don't. They are always updating their website and the devs are really active, I threw some money into it, 10 or 20x is easily achievable.
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If this bearish trend continues until next week we might see bitcoin @4000$ again.
I think you should sell now before you not "we" see $4,000. We'll never see $4,000 again. Its so alarming
Most of us here aren't alarmed so it might be new in your hear when you heard bitcoin will fell off $4,000 again? why bitcoin is decreasing so fast,
Not really decreasing so fast, it was down with $1,000 unlike before that it moved up with a $1,000 - $4,000 and higher gain so why the price that time increased so fast? is this the end of crypto?
I really think you need to start selling. I mean right now, 4000$ doesn't seem like an option but always remember FUD and bad news can change that very quickly, I personally think this time we are going to see a higher low, around 7k and just bounce from there and test 10k again. |
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if you don't bought during the crash of february i think that now it's a good moment to buy if you have some dollars avaiable, today i will probabilly buy some ethereum at a cheap price. I can't predict the future but i think that we will not see better prices in the short period (and i hope in the long period too). Then buy if you can afford that or you will regret later.
I would be more patient and not buy now, we could easily fall even harder than the last dip, I personally won't buy anything unless I see good confirmation that we hit the bottom and you should too. |
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if you want to invest for the long term, this is the right time
but if you want to gain profit quickly, you should be a factor of TA and FA
Best time to invest is when the price is low. Trading in low price can gain more profit in the future. But the real thing depends on you. And make sure that you also choose the right coin for you. How do you know when the price is low? That's a really stupid thing to say, most people say it but they obviously don't trade. Is 7k low? Is 10k low? How do you determine the low? What if it never recovers and 7k turns out to be the high? |
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If you always wait to see what happens when the market is low and falling/correcting then you'll most likely never make money. I know it may seem scary, but the only really good time to buy is when people are massively selling off. For the most part I think it's about going against the grain of society's decision in the markets. You just have to be patient.
Depends, when it was at 20k and started dropping to 15k, it was obviously not a good time to buy at 15k or 12k or 10k or 8k. The bottom was 6k but I'm sure along the way you would think that buying at 12k would be good because a lot of people were selling but it's not always that easy to just ''buy the dip'' because you don't know when the dip is ending. |
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It’s still quite difficult to tell precisely the currencies that will stand the test of time. So having a portfolio of currencies is a great strategy.
But that's not really trading, that's holding. When you are a trader, daytrader specially, you don't really care about long term or if a specific currency is going to survive, you always have stop losses set and you are always looking for short term gains, you can always have some long term investments as well. I think that's the best way to do it, the more ways you have to earn your income the better. |
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it is a basic theory of trading, you buy cheap sell when the price rises but this should be supported by the analysis in trading. buying the right coin is one such example with the selection of the right coin you can earn multiple benefits, by relying on fundamental analysis you will get information about the project from the coin you are going to buy.
Yeah but, imagine the price is at 1000$, it goes to 1100$ which means it's rising, so now you sell but how do you know it's not going to go higher? There is so much more to it than buying low and selling high, fundamental analysis can work on some coins that have working products but not bitcoin. |
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Also considering some people have 1k accounts, yes 1k accounts, participating in bounties, I would say it's amazing, can you even imagine how much money they are making with 1k accounts? Probably millions in a year and if they are lucky and participate in a really good bounty with a really good token/coin it can be insane.
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Tether is a stable dollar substitute supposedly in one way or the other linked to the U.S. dollar. Experts fear that if tether collapses, it could have a "devastating" effect on the broader cryptocurrency market. its indeed a fast growing coin state to have an equivalent of 1dollar to 1 Tether.
I'm just thinking about it tho, if it were to collapse somehow, people would want to get rid of tether, right? Wouldn't that actually push the prices up since everyone would be looking to buy any cryptocurrency with their tether at any price? |
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Just because you can't make x100 anymore doesn't mean ICO's are dead. Most ICO's that actually hit an exchange are still profitable, just less, ICO's are intended to be a long term investment anyways so it's really not this year that matters, its 2018 and 2019.
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the price of altcoins is depends on the price of bitcoin in US dollar terms and i think not all alt, because when we see in this link https://coinmarketcap.com/gainers-losersthere is a lot of altcoin rising when bitcoin down Random or really good news, most of those are extremely low volume coins anyways. As long as bitcoin has the most pairs, bitcoin will determine the price of other currencies, we have to start seeing exchanges accepting fiat for alt coins. It's as simple as this. If you want to kill a thing, then you should stop feeding it. Most alts have BTC trade pair, except for few yet to list on popular exchanges presently listed on DEX. The moment they get the opportunity of listing on any other exchange aside some few DEXs the first trade pair would always be AltX/BTC. So long as this continues to happen, the price of other alts will in a very strong way be connected to how the BTC market fairs. Only in few occasions will this view of mine be contrary. I think when regulations come in, a lot of exchanges will have usd pairs with anything. Ethereum has a lot of pairs too but I don't want ethereum to just take bitcoin's place and be the one influencing the whole market, I want a market where each coin grows or dies on it's own. |
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the price of altcoins is depends on the price of bitcoin in US dollar terms and i think not all alt, because when we see in this link https://coinmarketcap.com/gainers-losersthere is a lot of altcoin rising when bitcoin down Random or really good news, most of those are extremely low volume coins anyways. As long as bitcoin has the most pairs, bitcoin will determine the price of other currencies, we have to start seeing exchanges accepting fiat for alt coins. |
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who is ''they'' ? If someone bought 20k bitcoins in 2013 of course they wouldn't be worried now, the price is still much higher, the only people that are worried are the ones who bought at the ATH or close to it, bitcoin is volatile, no one was complaining when it went to 20k from 1k in no time, the fluctuation is normal here.
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