anything is possible in the up and down crypto market which will determine. as at the end of 2018 most people said that by the end of the year bitcoin would rise but in fact bitcoin continued to decline. even this year no one knows and also no site can predict the price of bitcoin correctly. so we better do our own research and believe in the decisions we have made. if the reality of our speculation does not match the reality then it is the reality that we must accept. and don't give up trying to speculate again experience is the best teacher.
Many want to see a rise in the price of bitcoin because they want to see a repetition of what happened in 2017, but I do not think we will see anything like it during this year, if you take a look at the way the price grew during this year you will see a slow growth for months. And then for a few days the price went up trying to capture the good old days only for the price to come crashing down, the market is not ready for another attempt at breaking 10k but it could be ready during the next year. |
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The reason why most people can't trade for a living is because they have lack of capital. Sure you can start with $1000 and turn it into $2000 but how many people do you know that do this successfully in the long run? Probably no one.
This is why most people need to have a large 6 figure account so they can trade various industries and each trade is only a small portion of their account. So they can have a large position like $10000 in size and if they only make like 2% it adds up to $200. If you traded with a $1000 account you would only make $20 and most of that would go to the broker as trading fees.
So it's not only experience that is needed to be successful but a large capital also.
A decent amount of money is necessary especially since the days when you could invest a few dollars in a coin and then become rich are definitely over, but you do not need a fortune either. What you need to do to eventually live out of your trading activities is to trade and to have a job at the same time, that way any profits you get in the markets remain in your trading account to the point that it will grow and you will earn more in the markets than in your job and when that happens you can begin to live out from your trading activities. |
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I understand why you say that. Mining is really much more profitable than investing in ICO. But in terms of start-up capital, it is much more expensive.
This is what stops many from trying to mine coins, to become a trader you do not really need a big capital, there were many stories in the past of traders that started with less than a thousand dollars and now are rich. But with mining you will need a lot of money and you still need to select the right coin to mine, you could take your chances with new coins and expect that at some point in the future those coins become valuable but that is a very risky bet not much different than investing in icos. |
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It's been almost a month now since the OP has posted, and it seems we won't see bitcoin's dominance breaking is still way above 65% at this time. So I guess we can say that at this point bitcoin will remain on top and I doubt that ETH or any other altcoin can take its place.
Just look at the rest of the altcoins, still down 90% from their all time high, while bitcoin has recovered, only 50%-60% and there's a possibility that before the end of the year, we could be in the five figures again. Even at its peaked in 2017, bitcoin's dominating, ~ 47%. On the contrary, if alts wanted to make a run then they should have make their move, because in six months time, block halvening will be coming and we all know what it can break to the ecosystem.
While I have always thought that at some point investors will get tired of investing in icos and losing all their money I am still surprised it has happened already. The bitcoin dominance is still above 65% and it seems that it does not matter what happens that number does not drop, ethereum and the other altcoins will need to get the attention of investors with something big because if they do not and we are close to those levels when the next halving happens it will not be strange if we saw a bitcoin dominance above 80% after the halving. |
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I gave up on investing in ETH, because during the last several years, it has done nothing but disappointed me. The next hardfork is already announced, so we will hope it will move Ethereum from its dead point.
I completely don't understand why you are disappointed. Just check statistics on Coinmarketcap and it is clear that even after a year of bear market Ethereum have rised a lot. "The approximate return on investment if purchased at the time of launch (or earliest known price) - 6456,64%" Not so bad I think..  But who invested at that time? Only those that were aware of cryptocurrencies and could understand that ethereum was going to be a good project. Most of those that have come to the market have done it after 2017 and since then ethereum has not given profits for those that have held their coins during those years, the only ones that have gotten profits are those that trade the coin and have gotten advantage of the biggest moves in the market. |
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This is time to realize that scamming is not related to technologies or systems, it is issue with the mentality of people. As you stated, as long as people think evil scamming would be there. We shall not only educate people about bad effects so shortcut earnings but also secure our systems in order to protect innocent people. Bitcoin is just a technology it is not directing people towards scamming rather it is sick mentality of users.
We need to ask ourselves why scamming is so frequent in cryptocurrency market. May be one of the reasons is that cryptocurrency users are easy to be fooled. There have been hundreds if not thousands of scam ICOs, and still people are ready to invest in them. First of all, the investors needs to be careful about their money. Once that happens, the incidence of scamming will decline. Investors are easy to deceive in this market because they have the wrong ideas about it, how many come to this market thinking they can make a lot of money quickly? Many I guess, and when they see the many fake opportunities they do not think there is anything wrong since that is what they were expecting. We need to change this but for now it seems impossible since those that have the power to influence new investors like exchanges and the media specialized in crypto are not interested since they want more clients. |
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I think it's not possible soon but yes Stellar will touch $100 in very short time. It's Very potential coin and always limelinght on Media. So I Just ask Can stellar lumens reach $100 ?Do people even look at the price of the coin before making these kind of predictions? Stellar is worth 0.072 dollars or 7.2 cents for Stellar to reach that price it will need almost 1400x and it will give Stellar a market cap of almost 2 trillion dollars which is more than 8x more money than all the money invested in this market. I suppose that by now anyone reading this post probably gets my point, there is no chance at all that Stellar gets that valuable at any point in time. |
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I asked the same question at another forum and someone suggest to use Bot. The key question is what strategy to use even we use bot?
There is no strategy to follow when you are doing something like that, what you are trying to do is to guess when the market is going to dump or when it is going to pump, since you cannot predict when a whale is going to sell or buy a lot of coins then you have no option but to watch the price. When it goes up a certain percentage then you should buy it and when the opposite happens then you should short it, but all of this happens so fast you will have no option but to watch the markets all the time or to use a bot. |
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Since altcoins keep bleeding so bad isn't this another opportunity to keep buying more altcoins instead of worrying about the price? the best time to buy altcoin is when huge bleeds takes over
That may seem like it is a good strategy but altcoins are not bitcoin, if you buy altcoins now when their prices are not very high it may seem like you are doing a good business but if a new altcoin appears that is better than the coin you bought then there is a real chance the altcoin will never recover. In that case you will waste your capital and even more importantly you will waste your time and the many other opportunities that you could have taken during that time. |
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Once you converted your altcoins to btc and you will see the altcoins rally, you might regret your decision.
Why? because altcoins will likely to be more profitable in a short period of time compared to btc because its been undervalued until now so eventually it will also result to a big pump, and take note, when there's a FOMO we might see and experience what happened last 2017's bull run.
Each person can take the decision about what to do with his coins, there are many that regardless of the performance of altcoins they will not sell their bitcoin for anything and I find their posture to be respectable. In my case I do not have a problem on selling my bitcoin to get altcoins if I believe altcoins will begin to perform better than bitcoin but I do not see this so I prefer to keep holding my bitcoin and wait until the market is more clear about the direction it will take. |
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Tokens with 1000x increase potential have become fairy tales in my opinion, for now it is impossible to have projects its growth
reaches 1000x. As we know the current market conditions the average coin increase is very low, has not been added many projects
are scam. Making investors more careful about channeling funds, is different when in 2017 there are many once successful projects
whose price increases can reach 1000x. But for now we must be realistic, with increases 100x is very good.
Even if expecting to get 100x is more realistic than 1000x the market is not giving those profits, a coin giving those kind of profits needs to be the next ethereum or something similar. And while there are many coins out there that claim to be better than many coins in the top most likely this is not true, it is better to accept that the days when you could make so much money are not going to return but it does not matter as you can still triple your money thanks to bitcoin. |
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The use of stable coins has it's own advantages. It's helpful when market is unstable and you are not sure of the market. I specifically I exchange my assets to stable coin when I see a dip or unsure about the market. Stable coin is very convenient if the market seems to be bearish
When we are in the middle of a bear market that is when stable coins really show their potential because they allow you to get out of the market of cryptocurrencies for a very low fee and it protects your capital from the volatility of the market. But we must also understand that there is a huge risk if you decide to hold stable coins for a very long time, you are relying on a centralized institution to not lie about the amount of coins that they have in storage and if at some point it is discovered they lied the price of the coin could not be stable anymore. |
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Trying to understand how the fee system works and why exchanging from fiat is much more expensive than exchanging crypto.
Ok, cryptocurrency exchange fees are usually very low because it costs little to nothing in fees to exchange them, unlike fiat itself. Banks charge a commission for everything, and there are many regulations and financial bodues to contend with who would ultimately want their own piece of the cake.
That might explain why there's a 0.25% fee when you exchange crypto on changelly, for example, and 7% fees when you want to exchange from fiat.
But at the same time, there are services with a much lower fee. BUT lower payment doesn't guarantee good quality service. And this is where I want to hear your opinion
Question #1 - how often do you buy crypto with fiat?
Question #2 - how do you choose the platform? Are there any other criterions than the amount of fee? Security, speed of transaction, simplicity, friendly service?
its because FIAT is not for this scene, most people hate it in crypto. Its super complicated to register as a money transmitter and the gov takes taxes So they have to change that high, its sux, but its the same everywhere for fiat  Just dont use FIAT in this scene man, buy/sell with coinbase, fees are like nonexistant that way And there are even more factors why fiat to cryptocurrencies transactions are very expensive, one of those factors is that the one that is accepting fiat is taking all the risk because those that buy with fiat may try to perform a form of fraud and that makes the fees higher since any business that accepts fiat in exchange for cryptocurrencies is never going to accept a loss. And it is one of the factors why we have stable coins which you can easily exchange for cryptocurrencies for a very low fee. |
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I think that many will agree with me that there are quite a lot of bad coins on the cryptocurrency market and nobody needs companies that have no future prospects. Not only I think so, but many cryptocurrency users, as well as analysts, argue that a very small amount of the total number of cryptocurrencies will remain in the future, because only the most popular cryptocurrencies will operate, as well as those that will be used by humans in practice . What is happening with the market today is most likely the result of the manipulation of speculators who, through their actions, support certain projects. But if the cryptocurrency market is cleared with the help of ordinary cryptocurrency users and investors, then a period of real correction of the entire market will come, after which only the most promising coins will remain.
I also think that we need most of the coins to disappear before the market can make further progress but the best thing is that we do not really have to do anything. In order for those coins to disappear we only need to ignore those projects and not invest in them, and we are already seeing good results there are many developers complaining that no one is investing in their projects and this is a step in the right direction because we do not need more useless coins in this market. |
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Here we are 7 months away from the Bitcoin having, so I think sometime in the next 5 months there is going to be Bitcoin run-up near if not beyond its ATH. With that most alts will certainly go up. How much depends on how crazy that FOMO feeling gets, and the quality of the alt. It is hard to predict exactly when but I get that gut feeling we are going to see a big run, but probably not as crazy as 2017.
I agree with you. Altcoins might not have the kinda fuel to make moves like it did in 2017 and if there's going to be moves, selected key alts will make the biggest moves. As for the price level for Bitcoin, I'm sure It'll exceed the all time high abd beyond. Bitcoin halving is a big deal. I expect the price to reflect that. I expect an altseason, if it occurs, to be much more selective as well. Perhaps top 100-200ish coins increase somewhat, but it'll only probably be a handful of alts that really provide decent returns. And I too think BTC will eventually exceed its ATH, although I'm not so certain it'll occur when the halvening does.. or a least I don't think it'll far exceed it. If going by past history, BTC may get close to or nudge slightly beyond ATH, fall back a bit, and we may need to wait a year or so for it to really take off. It also wouldn't surprise me in the least if we see BTC do what LTC recently did with its halvening -- BTC increases, possibly between 10-20K, but 2 or so months before the actual halvening date. Then it does the dump thing before the event, meaning prices had gotten baked in early. When the next altcoin season happens I also expect that it will be contained only to the most successful coins in the market, however if the altcoin season gives huge profits then investors will go crazy investing in any coin similar to what happened in 2017. But this worries me, because now many people are going to remember what happened during that altcoin season and they are not going to keep holding their coins, they will sell them at the first opportunity so the volatility is probably going to be many times higher than what we saw in those days. |
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What makes a person a good investor is the ability to take calculated risk and also know when to pull out ones investment. Emotions must be mastered so much that it plays little or no role in an investor making decisions (financing or investment) decisions as the case may be. Even in the case of a loss, an investor must take appraisal of the process and find out where he/she got it wrong. This is will minimise a repetition of the same mistake in the future.
Emotions must be taken out of the decision process that we take, at first this may seem easy but many times I see investors taking decisions based on their emotions instead of letting their strategy to play out and when that happens it is better to try to comprehend why this is the case. If you do not do that then it is impossible to eliminate your emotions when you invest and if you are unable to do that then it is impossible to eliminate your mistakes which is key to become a successful investor. |
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I haven't been trading my bitcoins and cryptos since this year begins, but I have noticed that the hype train is slowing down since then, compared to last year. I want some honest opinion about the future outlook of BTC or crypto per se. Should investors invest in it ?
Actually the market is not slowing down. how did you know that this is slowing down? Did you observe from the beginning of the year until June? There, the increase in Cryptocurrency was so large that it even tripled since the lowest point of the crypto market. and this is not a slow thing for the cryptocurrency market The hype for bitcoin is still intact as possible, but for altcoins, the hype has really gone down, and what affected the hype was the scammers that took advantage of many investors interest in investing in altcoins and hurt them so bad ion their investment by either scamming them using the projects in the market, or hacking into their wallet. To make the matter worse, there is no regulation that would have assisted investors in fishing out some of these criminals and bring them to justice so that investors can feel safe, and ever since they started seeing that there is no guarantee of safety for their investment in altcoins, they started to divert all their investment attention into bitcoin which was one of the things that facilitated the surge if bitcoin in that April. This is an aspect which is not really understood, despite all what happened to bitcoin people keep believing in bitcoin because they can see that the price always recovers and it goes even higher. But that kind of hype is being lost on altcoins and that is because not only there are too many scam on the market, even the coins which are not scams are not showing any development and this kills the illusions of all of those that trusted the developers to do a good job. |
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How much will it go up if it goes up?
If Bitcoin price will be down, how much will it goes down?
If you have a website that can predict the price of Bitcoin, please recommend it.
I know just one, "Longforecast"
And let me know how accurate the prediction is based on experience.
You are asking for very specific information, no one really knows what will happen, we can make predictions based on what we see but this changes every day and a prediction that was valid today will not be valid tomorrow. And if for some miracle someone knew how to do what you are describing what kind of incentive will that person have to share his information with us when he could just profit from his information while the rest of us have no idea about what will happen. |
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No is the straightforward answer. Twtter is too brief for anything but shills saying "but" or "sell". You can't get a good idea of what a coin is about, or about the fundamentals driving bitcoin. Or even TA (which needs decent charts and some commentary).
Twitter is completely useless as a souce of quality info, and you would be best avoiding it. The best source of info is a) threads on this forum b) subreddits like bitcoinmarkets, and also the individual coin subreddits c) podcasts like Letstalkbitcoin d) some of the cryptocurrency news sites which break news about anything crypto-related.
Twitter is extremely limited, it is not supposed to be used for any kind of lengthy discussion, so the amount of valuable information that you can find there is very low, especially if what you are looking is for a deep analysis about what is happening in the markets. And twitter is even worse because in there you only find users or in some cases bots spreading false information about what is happening in the market which try to influence you to buy or sell your coins. |
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It is not easy but it is the only thing we can do to try to help newbie investors to not lose their money to scammers, we cannot control the market of icos and we cannot control the number of scammers either.
Our only option left is to inform others about suspicious projects and even better we should teach them how to recognize the most obvious scams, obviously this is not enough since there are some scammers that are smarter than others and they can make their projects to look real, but at least we could help them to recognize a decent percentage of the scams on the market for what they are.
It's hard to prevent newbie to invest on scam projects because they usually not reading a community forum like this before investing and they will be just invested based on what the project promise to them, big profits, low risk, and other bullshits. But at the end they will ended scam and start to find a place to pour out their annoyance about getting scammed I know that what you are saying is in fact what can be expected out of newbies but at least we will do our part in trying to reduce the number of scams in this market since there is no other realistic way to try to reduce the number of scams. But newbies need to do their part as well, for how log are they going to believe that you can make a fortune in this market without any effort? The only ones for which that dream came true are those that invested in bitcoin, ethereum or other similar coins at an early stage. |
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