I'm not sure if in the future Bitcoin will be the digital currency that helps everyone in the world, but hopefully Bitcoin can be said that way in the future, a lot of negative issues that lead to bitcoin now, and not many people think that these issues are related to falling Bitcoin prices. Bitcoin alone in my opinion can be said to be not safe to be chosen as your investment instrument. Apart from uncontrolled price fluctuations and only relying on speculation, bitcoin is also not protected by legal institutions, therefore there are not many crimes found in Bitcoin itself.
The existence of phishing, scammers and others, one of the reasons why fraud and closing of fake companies often take on the name of bitcoin investments is because of its decentralized nature. That is, bitcoin systems that do not have central authority to regulate their circulation. This also causes the value of bitcoin to be very volatile.
What really happened? Is it true that the price of Bitcoin is down because of these things? how to handle it? while Bitcoin itself is not protected by legal institutions?
I have come to learn in my years in this market that that is already a constant. Once you have come to learn about this market works, and how it's coins gain and lose value. You would somehow note that there are so many things that affects its, and unfortunately, most of them are negative and that it really affects the market in a bad way. However, the beauty of this market comes from the fact that it can recuperate and find ways to still rise up despite having so many obstacles. |
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So i was thinking to test if technical analysis and trading strategies could be profitable with crypto. I would of course test everything with "virtual funds" first then move on to the real markets.
My question is where do i find the most trustable and high quality resources to teach myself? Are there any free or payed courses online? Maybe youtube channels or blogs that specialize in crypto trading?
For me, if you really want to learn, this forum is a good source. Also, you can search all over the internet and watch tutorial videos on YouTube. The good thing about the cryptocurrency community is that there are so many people who are willing to share their knowledge and experience to everyone who wants to learn knowing that it can be difficult to be successful in this market, especially in these days dire times. It's a good thing that there are many reliable sources these days. |
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https://www.sosobtc.com/article/23790.htmlChinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way. Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously. How do you think of that? Good or bad? I think the Chinese government is just controlling how the ICOs could affect their own cryptocurrency market as well as the coins that originate in their locale, plus the ICOs that also come from their country. China is a big country, and so, it is also a big market, even for cryptcurrency, and that's why, they would try to give a boost to local cryptocurrency activities because they can also take advantage of it such as the case of NEO. Many people believe that NEO is a counterpart of Ethereum, and it would not reach that level if not for the strategies done by developers in China. |
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Everywhere you can find cryptocurrency topic especially ICO projects are doing well on the marketing through social media like facebook, twitter, reddit, linked, youtube and etc. Celebrities, influential individuals and high ranking government officials are talking about cryptocurrency and that is why i think cryptocurrency is a trending topic all over the world. Do you agree with me? Even haters help cryptocurrency to be known all over the world so let just leave the haters then.
I think it is. The cryptocurrency wave has been sweeping all over the country, and it has really been a growing trend amongst people, especially those who wants to gain profits by entering into the trade and investment market. Although the market has been dealing with lots of negative stuff and news all around, it's still a great market to be in, and it still has a lot of potential left in it. So, it wouldn't be surprising to see more and more people talking about it and shifting their attention to it. |
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Many traders are obsessed with the perfect trade, perfect technical indicators. Trading is the field of non-existent "perfect" words. You can have a very detailed plan, but finally be surprised by a crazy market situation, like a cold water droplets in the face.
Instead of trying to reach the perfect trade, change yourself to the market. Average predicted of you about market, average with another trader ( why not? ). You should accept fewer profit but you will lose less. You should sell sooner and buy later than your prediction. follow the market, because the market will not follow you.
I somehow agree. I think that to say that there is suck a "perfect" trade is too far off from reality. The cryptocurrency market is such a volatile and unstable market to be in that even though there is still success in it, it's just so hard to find that one gem that can be considered as a perfect trade. Maybe some people might chance upon a coin or a deal that would seem to be one, but it can't be the same for all trades. And in this market, we already know that diversifying one's investment is the better strategy to pursue, and thus, one should embrace the fact that there might be wins, but there would also be some losses. |
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Universities are embracing accepting bitcoin for tuition, with Lucerne University of Applied Sciences and Arts in Switzerland the latest school to adopt. If anything, it's another clear sign the cryptocurrency is here to stay. https://futurism.com/schools-accepting-bitcoin-tuition/Even so... Bitcoin has been used to buy homes, and countries like Venezuela and Vietnam are beginning to truly embrace the currency. Now, certain universities are adopting the payment method of bitcoin for tuition, albeit with a few caveats. If that could happen, then that's another big step that could help prove the legitimacy of the cryptocurrency market and its coins. The more entities likes big companies, banks and even schools that accept it, the better people's recognition to it would be. It would build a more sustainable and legitimate image in the business sector, that in turn, would convince people that, despite its risks, it's still a good market to accept in be in. Accepting cryptocurrency as payment is somewhat a testament that they are accepting it legitimacy and potential. |
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Mining is such a tricky business now, I say that because the more the market cap is filled, the difficult it is to mine coins. And so, as more and more Bitcoins are mined and the market is filled by it. It would be more difficult to mine the remaining ones. Also, like any other currency it's not just the creation, or in Bitcoin's case, mining, that could make it prosper. The transactions and healthy circulation of the assets that are already in the market would play a bigger role in keeping the value of Bitcoin up. Why would you rely more on those assets that are not mined yet, when there is so much more to do business with that is already in the market. |
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the current crypto market is so weak, there is no increase in the price of crypto, even the price of crypto is getting down, what should we do when the market weaken at this time?
It depends on what strategy you want to employ. For some people who want to be positive during those dire times, they just try to hold onto their coins and wait it out until such time when the market or the coins they are holding recover, and thus, they would have a better chance of gaining from it. Other people, they want the more aggressive path, which is to actually buy some coins that are dwindling in price value but has good chances of increasing in the near future. Since it's the best time to buy and invest when most of the market assets are low, even if it's actually scary to get some funds out while the market is down, there is no better way to do it. |
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This question has been on my mind, I have been pandering on the reason why we should take risk despite the fact that people who take the same risk later loose everything, some time people consider taking risk as the only way to make it in life, despite this believe people who take risk in the past are still regleting it, dose it mean that you can not succeed without taking risk or that risk is what we must take in life, is there any way one can live on earth without taking risk
For me, my reason is that even though it has a lot of uncertainties, and it surely carries so much risk, it is still a viable market to be in. I say that because there are still lots and lots of projects left to discover in it, and also, there are so many other ventures where one can be successful in this market. Although it is true that the market is harsh and has a lot of traps that could turn one's investment around, it's still a young market that has so much stuff to improve on. Therefore, if a person is serious about his investments, then it would surely be a better idea to stick around than give up. |
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In every business it's the same. When new technology comes up the existing businesses will evolve or die. And obviously new businesses will also rise strong.
Same happened with mp3 and music industry...
I agree. I think more than dying, banks would try to take advantage of the cryptocurrency wave and make sure to actually get their systems adjusted with the cryptocurrency market to accommodate it. It's a big market after all, and surely, if they would do that, then it would surely help their businesses grow rather than just stick to the traditional means of doing business. Banks are money-generating entities after all, and they go after booming business that may innovate the business sector. |
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The title of this thread is bit provocative, but the fact is that most people have a bad experience with airdrops. According to several airdrop hunters I spoke to, the majority ICOs don't pay out at all.
What's your experience with airdrops? Did you get scammed most of the times?
I wouldn't say that all of them are scams scams, but I also would not oppose the idea that many of the airdrops these days are not. I think airdrops are one of the most commonly exploited means, if not, the most abused means of scamming people. They do it either by faking enrollment pages in order for people who want to enroll to give in their wallet information and all other details that could be taken advantaged of by shady characters. Another one is the reality that airdrop is like a marketing strategy to see how many people are interested in a coin rather than actually giving those who enrolled in it, therefore, some airdrops don't actually give out coins, but only do it to test the market. |
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At moment i have a large list of coins. most i had bought at prices low, while some i am taking a loss at moment.
with recent dips going on. some are below, as its now a buyers market
should i still eventually invest in more BTC? ETH and LTC
should i sell off some alt coins and re buy at a lower price, since everything is still falling?
thoughts?
thanks
Definitely, I wouldn't suggest for you to sell. It's because, you could only sell, especially when assets are dipping, at a price that would be too low and that would only lead you to lose your investment because, most likely, you would not get any gains from it, and I am sure, no one is in this market just to waste capital and not get anything semblance of a return or profit in their investments. During this time, the best possible approach is to be patient and hold onto your coins until the condition of the market improves, which is the passive way. Or, it can also be the aggressive way, which is to invest in coins that are low in value but have a good chance of gaining in the future. |
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Well, whatever strategy one does, as long as it is working, and whatever percentage one is alloting to their expenses and savings, what's important, I think, is the aspect of discipline that one should have in order to actually make it work, not just for a short time, but for a long time. That's what most people lack that's why they can't put up a decent amount of savings, for me, I can be a quick saver, most especially when I have something that I am saving for, I am not the type that can save aimlessly, so from time to time, I set my eyes on something that I want to get, whether it's cheap or expensive, at least I have a goal in mind. |
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Academic qualifications are important and so is financial education. They're both important and schools are forgetting one of them. - Robert Kiyosaki.
I believe 100% of agree that "Education as a key to success", including in cryptoworld. In this very beginning era of crypto, kinda upset when someone ask what blockchain is. We already know that crypto ROI is crazy that you can change your life. On the era of blockchain, people need to be informed well so that they can make a good decision.
Sometimes, I see a people buy coins based on twitter, friend's recommendation, or telegram group. It's okay for me, especially if that calls are good calls. But what if it's not good at all, who to blame? It's you, yourself.
We are very grateful that some people remain good, even in cryptoworld. I found some on telegram groups and website that you may be look at it, they are educating you to behave in this cryptoworld. Yes, EDUCATE you. They don't tell you to buy a coin, they tell you to understand about Technical Analysis especially.
For example: CryptoVince in telegram. Vince is really good at giving a technical analysis. I do have to tell you to trust no one in crypto. You have to learn yourself. You can just follow him to start learning about TA. Just take a look. If he gave a call, consider it as bonus.
Another example is Trade.io. Trade.io was a succesful ICO in 2017, acquiring more than 30$ million. Now, they are launching their own unique exchange. It's customizable exchange, and soon they will trade not only crypto, but also commodities, CFD, and forex. They are regulated exchange. What's good is, with their well-experienced team, they believe the need of community to be well informed in this new financial market is crucial. So, they give a free education for you, for us. They teach you how to read candle, the reason why or why not to hold, etc.
There a not much people out there willing to share their knowledge concerning financial world.
Go register yourself at trade.io and they will give you some education about candle, TA, fundamental, etc.
Well, I agree that education is key to everything. The more you learn about the market either from good old hard work such as reading and research, or the more advanced ones like watching tutorials and videos, or through experience, it would suit you up to better tackle difficult situations that are very abundant in this market. As you learn more about the different coins, their movements and the trends that affect their losses and gains, you become more equipped to make better investments that would help you be successful in the market. |
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As a new kid in the cryptocurrency world, we often have our share of first mistakes in trading which helps us to be able to become better and wiser in the next transactions. What are these usual or common mistakes that newbies commit?
I think the usual mistakes that newbie traders do is not knowing which coin to follow through. They often go after those coins that cheap in value without really looking at its background and checking on the statistics of its movements. I say that because it's easy to set one's sights on cheap coins because they are easy to buy, but if they won't give you any gains, then most likely, even if they were bought cheap, it would be in vain investing in them. Another common mistake is panic-doing things, either it's panic selling or panic buying, many beginners don't consider and study their moves very closely before doing it, because of that, they are left with bad and failing investments. |
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As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
Mate, I think many have already used smartphones for mining. In fact, there has been this news before that a group of people from India, I think, have used some mid-range smartphones in mining, and the results are astonishing as the method of using smartphones proved to be more cost effective and power effective than using computer rigs. Also, since the device is cheaper than the common mining rigs used, they were able to set-up more of them. |
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i want to know what makes the cryprto dangerous? to the point that many countries band the use of crypto in their countries. I want to hear your opinion
It's not that it's dangerous, but it is risky, which I think what people connote as dangerous about it. The fact that the cryptocurrency market has assets that are quite volatile and change value every now and down seemingly without warning, that has already put so much pressure and doubt on many people who wants to be in the market and even to those seasoned ones that have been in the market for a long time. However, if you really are serious with venturing in the market, then whatever obstacle is in front of you should be manageable and tolerable. |
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Do you think it will be the best time to sell as there are two kind of speculations one says the value of bitcoin will reach $20,000 by 2018 and there are also speculations that the bitcoin might go through a dump in upcoming days but i know we cannot believe into random predictions by random users due to the volatility of bitcoin but i need some suggestions whether to hold on to bitcoin or sell it out and invest some of it into altcoins and then wait for the price drop to reinvest into bitcoin which i am not sure will happen or not.
Well, if you are talking about the "time" factor, then I think that you should change your mindset. Honestly, in this market, it's not more about the time that should be your indicator when selling off your coins for profit; the best type of indicator is the profit itself. People buy coins in different times and rates, therefore, it would depend on your profit target whether it's a good time to sell or not. Because, one coin may be in stock for months without it gaining too much increase. If you feel that your Bitcoin holding had gained a substantial value, then it might be the best time to sell it. |
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I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
I think with that comparison and the amount of money you have at your disposal, I would suggest that you should be a little greedy and do both investments. After all, it's $2,000 we are talking about here, that is a substantial amount of money, at least, as as starter capital both in bank investment and in cryptocurrency investment. However, you should allocate your funds diligently so that you won't end up losing it both. Banks tend to give returns longer, on the other hand, cryptocurrency investments may give you good returns, but then, it could also be unsuccessful, which may not give you the profit you desire. |
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
From where I look at it, I think that many countries do that because they just want to safeguard their people and citizens to the horrors of investing in the cryptocurrency market. Although it has brought lots of people profits beyond our expectations, I think that it has its fair share of difficulties and lows that could make any investor doubt its legitimacy as a market much more a government. So, as a contingency, many governments just altogether regular or control cryptocurrency-related activities just to ensure that their people won't even try to do business in it, and in turn, protect them from the many negative things that could happen. |
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