Another panic prediction, I would say. But it has no grounds, as usually in such empty statements. I would say that not so many Bitcoin users are in panic because by now they should get used to relatively low price and red market. So, some different, heavy trigger should appear to make such dramatic price change and I don't believe this will happen. As well as I don't believe that Bitcoin price will reach 100k, such dramatic but absolutely irrelevant predictions don't bother me.
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I think that it's still too early to say that market is recovering. Some positive movements could be observed but that is still not even close to the situation we had before. When price will be rising more than a month in a row, when the price cross 6000$ again and investors wake up from their sleep we could say that market is in recovery phase. But that takes time and we have to be a little more patient.
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I don't support that theory. What is the reasonable explanation that by not buying Bitcoin cash we could "save" Bitcoin. I don't see any connection. It's true, I didn't see the sense in forks when all this Bitcoin derivate coins appeared but now they are here at the market and you can't stop people buying them. But they don't influence Bitcoin directly and they don't represent any danger for Bitcoin so I can't see the point in that.
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This is hard to tell. Many are disappointed how the 2018 was for Bitcoin and now they are expecting almost miracle in 2019. For the moment there are no big movements in the market and no signs of some big changes in terms of significant price rise. Still it's only the beginning of the year and there is still plenty of time but I wouldn't expect too much from this year. At the moment it looks like we will see current Bitcoin price range for a longer period of time.
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To my personal opinion the influence of ETF approval on Bitcoin price is exaggerated. Even if approval happens I don't expect such big impact, at least not at long term. Some price rise might happen but this will be more of an instant character and the range will not be so big. Also, why relaying on ETF when we are all aware that this could be delayed indefinetely so don't count on that in making your personal goals and strategy.
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It doesn't look like that to me. Price is fluctuating up and down but actually in rather small range and it's not stable not in growing or falling. But to my opinion there is no simple way to make market and price grow and especialy not taken by individuals or groups. And market is functioning more complex than just supply and demand ratio.
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Actually I think that it's other way around. All other coins are compared with Bitcoin and Bitcoin price has always been some referent value for other cryptocurrencies. Sometimes people estimate how other coins have come to the Bitcoin value and adoption or how much are they growing on the market, more or leas than Bitcoin but still I think that Bitcoin is and will stay central coin in the market and every other coin that ever appear will be compared with Bitcoin as the first and most successful cryptocurrency.
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Day trading is definitely stressful for me, this is why I can never get into a full time career being a day trader. Invest and holding will be a better choice for me, at least I don’t have to go through the hectic day watching the movement and latest news of the coins.
Yeah, being a day trader is a nightmare. You should be a special type of person. Without fear, without feelings, just a robot acting 100% accurate. I guess scalping is the best strategy for day trader, but you could choose a different one. Nope, I don't agree. Just the opposite, it's not working if you act like robot otherwise bot trading would be successful. You have to be human being that is able to think, make decisions and act in relatively short period of time. Of course trading is stressful but you have to keep your emotions under control but don't supress them entirely. That is not easy but it comes with time, as well as experience and knowledge. Still if you can't cope with stress and pressure maybe trading is not for you afterall.
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No, I don't think so. Actually, no matter how it looks now I think that long term investing in Bitcoin is the most profitable and less risky. But everything depends on circumstances, when exactly did you buy Bitcoin and for how long did you keep it and when did you sell it. So, to my opinion isn't every decision has its background and should be estimated according to circumstances that were valid at that time.
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I think that we have to make distiction among countries that regulated Bitcoin and those who didn't. But that doesn't mean that in countries who don't have Bitcoin regulation the use of Bitcoin is illegal, so against the law, it's just not regulated. Also, I'm not aware of countries who declared Bitcoin formaly illegal, so against the law and thus punishable. But at the moment I would say that in most countries the use of Bitcoin is somwhere in the grey zone because most governments are still not sure how to deal with Bitcoin.
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My first exchange that I have trust in is Wirex. I'm not buying Bitcoin very often but it's always my first choice. I also have their debit card and I'm very pleased with their services. Many don't like KYC but I would say this is also for your own protection so I have nothing against it. Second place for buying Bitcoin would be localbitcoins but that is only because I have trusted seller there from my country that I'm confident to make transactions. Otherwise you should be very careful buying Bitcoin at localbitcoins because you could easily get scamed.
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Maybe at the moment is looking boring but that doesn't mean it will stay so through the year. Don't forget that market has the ability to change very quickly. And if you haven't reached your goals from 2018, don't give up, don't get disappointed and discouraged. Take this as a lesson for the future and move on. The true success is if you learn how to adjust and improve. Have a little patience and don't expect everything to happen over night.
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I don't think the price will change much not this or in upcoming weeks. Maybe couple hundred dollars but that is everything. To see level of 5k or 6k again I think we should wait for another six months or so because I think price recovery will happen but it will take time. And I don't think that wales have anything to do with current price range or how it will develope in the upcoming weeks.
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I'm not getting my salary paid in Bitcoin but I know some people who do. But they don't get entire amount paid in Bitcoin but combined with fiat money. To my opinion that is much better than to be paid entirely in Bitcoin, this is still too risky. Personally I wouldn't like to be paid in Bitcoin because of volatility. I like my salary in fiat and Bitcoin is additional income that might vary from month to month.
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If and when recession happens it's possible that people would turn to Bitcoin and other cryptocurrencies as an alternative. But that also depends on their value at that time. But to be prepared for time of recession it's good to diversify your investment now especialy if you have enough funds. In my portfolio I would put some Bitcoin, gold and pieces of art. That is suggestion for those who have substantial amount of funds and for other I would suggest some crypto and some stocks.
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Losses are inevitable even by very good and experienced traders. You can't get profit all the time but it's important how you manage your loss and are you able to recover after. That is why it's very important not to invest more that you can afford to lose so that you could easier cover that loss. Don't let be discouraged by the loss but it's very important that you have learned the lesson out of it and that you are aware how you could be more successful in the future. Time spent in trading will bring you knowledge and experience and thus better chances to get the profit, you just have to be patient.
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Nothing is impossibe I would say and so for Bitcoin too. But even if some day, but I say if, circumstances lead to the situation that Bitcoin couldn't survive any more that will not happen over night. It will be a long and cpmplex process where everyone will have time to react. But to my opinion as long as there are users who support and use Bitcoin it will survive, no matter the value.
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First of all Bitcoin is not a bubble but it has some rules how it's functioning. Looking at such conments here on forum it's easy to conclude that many users don't have a clue what is Bitcoin and how it's functioning, what are the basic characteristics. And that is really sad. They only motive is obviously only greed and when they are unable to fill that everyone else is fault and of course Bitcoin at first place. This shows how education about Bitcoin and cryptocurrencies in general is deeply needed.
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My recommendation would be Wirex. It's functioning perfect and in a year and half that I'm using it never had any problems. Fees are reasonable and card was always accepted everywhere without exception. Also, user support is very good. Another good thing is that it's multicurrency so you can top up your card with other coins, not just Bitcoin.
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First rule for traders is not to invest more than you can afford to lose. Because no matter how successful trader you are, sooner or latee you will loose some, that is inevitable. But the most important rule is how you will deal with loss. Still you can influence on that that possible loss is minimal by making decisions with your head, not your heart, by learning how to listen and predict the market and by learning on the mistakes you make. And of course with time and experience you will become more and more successful.
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