Sometimes I wonder why the media is always saying that Bitcoin’s price went up because of Tesla and Amazon or maybe one of these big influencers, because I really don’t see it that way. Of course I do know that these people can make an impact, such as Tesla making a billion dollar investment in the cryptocurrency market, but then you can’t saying that every move they make is affecting the market.
We were already looking forward to an increase even before these companies into the picture. The halving alone was enough to lead to up trend, and moreover there are times Bitcoin goes up and down, so it doesn’t have anything to do with these companies.
This is done because they want to create false expectations, we must remember that even if the purpose of the media is supposed to inform the public with the facts this is not true anymore, they want to get clicks, they want to be seen, they waniat to become news themselves and how can they achieve this? By giving outrageous news, that's how, so they create a narrative that the price of bitcoin now is completely dependent on big companies like that and people are going to read their articles and watch their videos to see why this is the case, when in fact the price of bitcoin just has its own dynamics and doesn't obey anyone. Tesla is trying to manipulate the crypto market just like what Elon Musk also did. But unfortunately, things don't come out exactly what's on their plan. Even Amazon has leave a big impact on bitcoin but later on, the price still recovers. This just proves that bitcoin is not relying any one or any big company to create an upward trend. Remember that China has also leave a huge impact into bitcoin and resulted into a long dump but through positive news and great opportunities offered to bitcoin, its price still manage to recover. |
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Google has begun to accept advertisements for Bitcoin, and Google lifted its ban on advertisements related to Bitcoin and other cryptocurrencies. Starting August 3, companies using Bitcoin and cryptocurrencies can once again advertise on the search giant and various websites that are part of its platform. The ban was implemented in March 2018 to comply with the new regulations of the Financial Crimes Enforcement Network of the United States (FinCEN).
Good news for website developers who have cryptocurrency and financial related content. because ads from the crypto segment will definitely be big and competetive. there will also be limits on what crypto ads is allowed. but it's a good start if cyrpocurrency can appear in other people's page. will definitely expand the bitcoin and crypto community. This is a great news. Not just the website developers alone will benefit but the crypto market too. This will enable more researchers in google to easily access all the topics related to bitcoin and crypto information. As a result, bitcoin will gain more popularity not just in more developed countries but even to those areas who are still in the process of developing. And i think bitcoin adoption will become more attainable if all the people in the world will be educated about bitcoin even through google ads and google's first hand information. |
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Trading with emotions is one of the biggest enemies a trader can have as emotions draws one into making erratic and less informed decisions.
Emotions easily leads to over-leveraging, over trading, revenge trading, GOMO, and the fear of being wrong.
In cryptocurrency trading, Learning emotional discipline in trading will almost always make a better trader than focusing solely on technical analysis.
Controlling our emotions might be so easy to say but definitely hard to do. We all want good trading outcome of course but sometimes, we can't control our emotions everytime we see the market price continues to decline. It even pushes us to become panic and sell the coins we are hodling even if its really a wrong decision to take. So i suggest the best thing to do is just invest on the amount we can afford to lose so that if we start trading them, we will never be in huge losses if we fall for wrong actions that time. The market is so volatile so expect that it will keep on crashing everytime. |
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I don't know what the OP been thinking but investing in Bitcoin is not bad even if the price is in ATH as long as you know what you are doing. But in case of OP, it's clear that he's not in the right mindset when the price of Bitcoin last week is cheaper than today then why invest/buy today when the price is pumping?
It's like OP have been falling by the sudden pump of the market and gone fomo thinking that $100k is going to hit this year but in reality that is far yet to happen. I can't blame OP if that was his/her decision but we should be cautious of the sudden pump and traps that might be the cause of dumping the market price.
Bitcoin has definitely a bright future and no one will argue about it. But believing that it could reach into $100k before this year ends, i think its too early to say. I know it will bound to happen but maybe next year or the following year. OP has finally made its decision and i respect it. There's no wrong investing in bitcoin today as long as you won't expect quick profits. Just have faith in bitcoin and hodl it like 1 to 2 years. Probably bitcoin will be able to hit your goal price by that time. |
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After the recent bleak market. Many people do not even understand the basic principles of Bitcoin and blockchain knowledge, so they attack Bitcoin. What kind of mental state is this?
slanderers usually come from people who don't know anything but seem to know everything people like this are really disgusting, why do they have to talk about things they don't know I'm just very afraid to talk about things I don't know because I'm sure in the end I'll just do some kind of sentence fraud on youtube, I also see a lot of new crypto experts emerging, this is crazy I think A lot of people have been criticizing bitcoin in a negative way. I think they don't really know bitcoin after all or they just hate the fact that some people keep on investing in bitcoin even if its a risky decision and yet, no assurance to be profitable at the end of the day. This is more of people's ignorance and are close minded people who refuse to know the truth. Once they set their mindset hating about bitcoin, i think they will really stand for it to the extent of slandering bitcoin. But in the end, what they did are still useless because bitcoin seems to grow even more despite of people's negative criticism. |
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For long term purpose, investing in the top 5 coins in the coinmarketcap would be the best and the safest thing. Invest in bitcoin , ethereum and binance coin.
All of them are great potential coins so if you are planning to invest in a long term then go for these coins.
Yes, but for positions 4 and 5 on coinmarketcap, coins often experience changes, both when the market is experiencing a decline or when the market is experiencing an increase, so is that also a good choice? because the top 10 coinmarketcap always changes in a matter of years except for positions 1 and 2 There's no consistency in crypto as everything that goes up right now might see them falling in the next days. Even bitcoin and ethereum are no exception to that. The coins that you mentioned OP might have lower prices this time but it's not enough reason to invest in them for long term just because of their current price. Remember, not all coins who are experiencing dips will surely recover when other coins are recovering too. Some may have left behind and end up as worthless coins. So having a good and thorough research is still very important so you will not waste your money, time and effort investing in those low potential coins. |
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Yes, you must be careful when buying. If it is a valuable coin, when you buy it when it falls, it is very likely that the price will rise and recover, but if you are buying an unknown coin in the altcoin, it is very It is possible that the price will not recover until the coin dies. Therefore, when investing, it is recommended to invest in valuable altcoins, which can be held for a long time.
Seeing the dips is definitely a big opportunity to start buying potential coins but not all coins that are in bargain are gold, some of them have disguised to look like high potential coins but honestly, they all turn out to be worthless coins. So its always a must thing to DYOR before deciding to invest. There are a lot of projects arising in the market today but we should be very careful where to put our money so as not to end up being scammed or making losses in the end. It's better to stick with old projects or coins that have been making good demand in the market instead of risking your money and time into something new that has no guaranteed profits at the end of the day, even if we know investing in crypto is just like gambling in the real sense. |
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It is often said that the biggest difference between the rich and the poor has it origin from the mindset.
One major question that always borders me is "are we created with different mindset at birth and what role does environmental factors have to place on mindset of an individual".
Ubong King said "what you see determine the level of your achievement. The rich man orientation differs from the poor man orientation because While the rich man is thinking about wealth creation and self dependence, the poor is busy thinking how evil money is with the notion that money is the root of all evil hence they prefer to be poor than miss the Kingdom of God forgetting that our heavenly father who is rich expect us to take after him. Consider this,
"IS MONEY THE ROOT OF ALL EVIL?"
I once believed this myth but I have realised, over time, that it is just a misconception that has been passed down through history that makes it seems real and true. Money is a means and it is neutral. It is neither bad nor good. What makes money good or bad is the purpose for which it is used. If I used for my money for a bad or wrong purpose, that would make it bad. However, if I use it for good, say charity, then it is good. I also found out that it is only a mentality that keeps the poor poor. Go check and you'd realise that no rich person has this mentality. If you are keeping this mindset that money is the source of all evils, then probably you would not want to make money instead. While others are doing everything just to earn huge amount of money not to create evilness, but to satisfy all their needs because money today is almost everything. Without it, you will hardly survive in this world. I think this is not just about money, but the mindset of the user of the money. If you will use your money to do harm to others, then it's surely an evil thing. But if you will help those who are badly needed, i think you are using money as a tool to create good deeds and serve humanity to mankind. |
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That might be right in one way because the more number of people know about bitcoin the more popular it is.
Since more number of people are aware of bitcoin, it slowly gains traction and it's usage gets increased.
It creates a buzz and many people start buying bitcoin. This is how the price goes up increasing bitcoin's price.
I personally think many people buy bitcoin so that they can hold it as a store of value which is why we can see the long term holders still holding to their bitcoin.
Some people have even planned to hold bitcoin for the next 10 - 20 years. Even holding for long term increases bitcoin price because the circulating supply decreases hence increasing the price.
Once bitcoin creates huge demand from the people, its demand will increase and definitely it will be more popular too. So the price increase will eventually follow. But knowing how volatile bitcoin is, even how high its current price, it will still have chances to get dump again making its price lowered too. However, if this popularity will lead to bitcoin adoption in the near future, i think bitcoin will have its fixed value or might even lowered its volatility when the time comes the government will have the control on it. Being decentralized might totally lost its value once the government started to control it. |
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Both are essential upon doing investment and they are really a must have first so that you can be able to start up your business opportunities. But for me what is in need to comes first is knowledge before capital because prior from doing any engagements, you must first educate yourself on what you think must a good investment or business before coming up into seeking for capital to start up such thing that you wanted to pursue. Having the knowledge will make the process flawless ang easy once you already have the capital on hand because you already know how you can be able to spend it wisely.
Both of them are definitely needed to make a business become successful. Without knowledge or a capital, you can never venture into a good business or investment. So both have their own real usage to make a business lasts long. Others may believe that knowledge is power. Yes it is, but having it alone is not good enough. You have to be more knowledgeable and skillful, plus a good capital that will make up a good package for starting an investment and has more chances to gain high returns than making losses in the end. |
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Some say cryptocurrency is a low risk investment but high return and also does this digital currency have a fundamental value so that it is feasible for investment?
What do you think ?
I think that if you are engaged in investing, then your investment portfolio should consist of various assets. If earlier many investors recommended investing 5-10% of the money from the investment portfolio, now this amount has increased. Because the number of popular cryptocurrencies is limited, and the amount of money is constantly increasing. Crypto space gets even more popular today and so with a lot of new coins arising. But if you want to invest even in a high risk, then you have to invest in those trusted and strong projects that are bound to give high returns at the end of the day. Old coins may have still high risk but those new arising coins have even much higher risk so i suggest choose the coins wisely and invest in those who have great potentials that will keep on growing their value in the years to follow. |
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For me paying with fiat is better than bitcoin.Currently,there are not many convenience stores, restaurants, hotels ... accept bitcoin or crypto.If I get paid in bitcoin , to use for daily living expenses it will bother me.Instead of fiat I can use whenever I want, bitcoin I have to find and choose places that only accept bitcoin payments.Not to mention, bitcoin volatility could cause my salary to drop if bitcoin price drops.Not to mention, the volatility of bitcoin could cost my salary in half in a day.
If only i am living in El Salvador, then i would love to accept bitcoin rather than fiat. Bitcoin there has become a legal tender so there's no problem with that. But considering my country which only few merchants are into bitcoin, then i don't think getting paid in bitcoin is a good idea. However, if the government will start to adopt bitcoin as another option for fiat, then having bitcoin will be a great advantage. It will not only serve as an investment tool but definitely a good currency in the making. So let's look forward for it in the near future. |
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Bitcoin already reached at $42k and this is a good sign. Because it's resistance is at $43k . If. Btc can breakdown this it we expect another sign of bull run continuation . This new month can bring up a good time and ATH of btc and whole market we can hope
Bitcoin is definitely making a positive price increase these days and it almost breaks its resistance at $43k. If the price even goes to $50k up, then i may say that bull run is indeed in its way now. Others may say that this is a bull trap or a healthy price correction before it reaches into another ATH. As long as the market starts to turn into green, this is already a healthy movement for bitcoin. Soon, we will witness a legit bull run in its perfect time. |
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Update: MCM has come back online, there was a legitimate reason for the hiatus and everything might be back to normal sooner than we think.
I've been told 3 weeks of payments have been queued and should be received soon, as soon as I get it I'll send you the last weeks payments and then we'll have 1 week of funds for following weeks moving forward (I told MCM this is how I want it to be if we move forward with the campaign). I will likely reboot this campaign when a new week would have started, this coming Sunday. If you were a participant in this campaign previously and want back in, just let me know in this thread asap. If you are uncertain that's completely fine and perhaps I can find you a spot in one of my other campaigns.
I also want to thank you all for the patience you've shown and all the nice gestures you've offered me through these weeks.
This is really good news for all the participants, we have waited for their explanations, and it finds to be reasonable for me. Okay, please count me in. |
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Hhampuz, if they don‘t pay week 39, then you don‘t need to send me any BTCIt‘s not your fault  Just include me as well @Hhampuz. I understand the situation and we have to move on. |
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Trading is just like we gamble our money but doesn't mean that we are making this for pleasure or just having fun as this was a serious market deal.
People had come into trading is not they are mentally asking for luck but they are putting an effort, apply their trading strategies, make use of trading tools for the sake that we can make a good profit after we place our trade order. But if this was not clear to us, this could be a reason why we are still losing despite we are choosing good coins in the market.
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In general, yes, but it all depends on your style and which candlesticks you are trading.
In fact, a trading bot can do your job very well, freeing up a huge amount of time and effort for you. But in general, trading is a 24v7 job, a real job.
If you just rely on the bot to work on your behalf, you are actually making yourself out of trading. Being hands-on in this field makes our minds work together and could create good ideas/strategies. Time and focus are needed and a must thing to do, but it doesn't mean that we have to spend all day in trading as it was just like you are killing yourselves and it was not a healthy practice. I dare not to do this as it was not only the reason why we become successful in trading. |
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Due to lack of information about cryptocurrency. For example, they buy at a high price and then the market suddenly crashes, they panic selling and they sell it at a loss.
It wasn't the ideal strategy to be used, newbies are blindly investing coins coz they just thought that the market will keep on moving high. Their ignorance about the volatility of the market made them lose. But then, we have to consider their situation and it was because they don't have enough knowledge in the market. However, losing doesn't mean it was our end, we still have the chance and to correct all the mistakes we have done. And for sure these newbies will realize how important to spend more time in the market and gathering useful ideas on the internet. |
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What we can expect from them, nothing, right?
The fact that they are useless projects, no matter if that does not belong to the safe moon, I'm still ignoring them. Too many projects were created at this time but it was too sad that only a few of them are legit. That becomes a huge problem to us and a lot of clone projects spread around making it hard for us to find who can be trusted and who's not.
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even said a professional trader in trading requires a minimum of 1 year for us to be able to analyze how smooth our trading is. because in trading requires a lot of evaluation and set a good strategy technique. so I think don't despair if the profit doesn't come quickly, stay focused and enjoy the process
The best factor is the experience, it's the major thing that would help you succeed as a trader. Yes, you might be good in theory because you read all the books in trading 101, etc, but it's not always applicable in actual practice and experience would really make you mature and smarter in making the right decision. |
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