It (obviously) depends on the cryptocurrency in question. If you are convinced that a coin will appreciate in value over time, why would you risk day trading it? If you day trade, the short term fluctuations could ruin your profit if you don't know what you are doing. Even the most experienced traders suffer loses from time to time. Day trading is very close to gambling, especially if you don't know how to manage risks.
It is even more true if we are talking about the current market situation. Bitcoin has lost some value compared to the beginning of this year, but still IMO it's the perfect cryptocurrency to hold long time.
That's right. Also, it depends on what kind of time the person who is investing can offer in order to make his investments work out, whether its day trading or hodling. Each kind of investment has its own pros and cons, and an investor should really study every aspect before continuing to invest in either of the two. For day trading, one should have more time to invest to closely look at the market, being that that type of investment is the active approach. On the other hand, hodling, does not need that much time devoted in the market because it can sure be done while only checking out the market from time to time as it is the more passive approach. |
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Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
For me, it's the volatily aspect of its assets. It's just so difficult to rely on something could spiral down at any point even if you prepare or do your homework on it. It really makes you think if such kind of investment is a good one because it can put your money or capital down the drain at any point. Also, with the many negative news swirling around the cryptocurrency market and its assets, it would be normal for some people to fear that it won't make it out of the slump that it usually carries most of the time. It's easy, though, to believe things, especially if you do not know and study how the market really works. |
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Few people are trying to claim ignorance. They trust that the Earth's assets are boundless and that a bean stalk can develop to the sky. Or on the other hand maybe they know somewhere down in their heart that we are making a course for an ecological and monetary fiasco, one that they think only they will get by through minds, gold, and firearms.
Others accept intensely that innovation will safeguard us out once more, that smart primates will dependably locate another apparatus that will enable us to separate always stuff from the planet.
Up until this point. Changes in horticulture, back, government, assembling and transportation kept pace with the populace development.
The advancement in technology improved economy from past many years but do you think it will grow forever or their will be reduction in resources?
I think that it will, the more a country improves and prospers, especially in the business aspect, it's economy will steadily grow. However, as a deterrent to the continued and never ending growth, which is also bad in itself. An economy has to compete with other economies in a global market system. Therefore, although it has unlimited potential for growth. It has its own limiters that could affects it to avoid blowing out of proportion. Also, I think that as more and more economies grow locally, other economic sectors would need to grow as well to match the global competition. |
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Been trying to find some short online courses for trading but all I can see are websites that tackle all things about investing and trading such as investopedia, forbes and tradingview. Tradingview gives you an in-depth analysis of the current market trends in bitcoin though don't take them as a wise and perfect advice as always whereas in investopedia, from there you can learn investing jargons and other principles needed when you put your money on the line.
I think that's a very good tool and knowledge-giving means to check on short online courses to learn about trading and technical analysis and all other cryptocurrency-related stuff. In fact, I have taken some, but they are more of tutorials because they are not like online courses. I think if you really like to study trading, the better way is to check out tutorials from long time traders in orders to somehow pick their brains a little. At least, what you will learn is not just theoretical stuff but their experience as well. |
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I came to a realization that government had stepped in already in some countries who are accepted and acknowledge cryptocurrency existence. In fact they made a regulations that has made some negative and positve reactions over the implementation of cryptocurrency regulations like doing KYC (Knoy Your Client) on local exchanges, Registering ICO projects to the government agency concerns and etc which purpose is to prevent illegal or abuse in the use of cryptocurrency from money laundering, funding terrorist groups and etc. Well can you say about this regulations, GOOD or BAD?
For me, although it would burden cryptocurrency transactions and business due to the imposition of regulations, I would say that it's still for the better because it could help make cryptocurrency and all activities related to it legit and lawful. At the moment, there are opposing views as to how different countries accept cryptocurrencies, but the moment a law is passed to regulate it, that would signify that such country is recognizing the legitimacy of the market, and is, in a way, protecting the rights of the people that use it. |
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On the macro side, there are a number of positive developments that have helped push the popularity of the cryptocurrency up. Ripple has been working on a deal with the Bank of America, the latest institution to jump into the cryptocurrency market. Ripple has a number of bank partnerships, including Santander and Master Card that have elevated the cryptocurrency in the minds of retail investors... Ripple (XRP.X) price prediction: what to expect? I believe Ripple will bull again!!! I have long believed in the potential of Ripple. Although many say that it's a bad coin to invest in, I would beg to differ because it has lots of good news and movements coming its way that would really make an investor be interested in it. Although it has it downs and falls that could make one doubt its legitimacy as a good coin to invest in, it has shown good movements in the past several months, and it's also ranked top five of the best cryptocurrencies around. |
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You could profit but don't forget to mention you could instantly lose in this scenario too. That is why this high risk high pressure scenario isn't followed by many, and it isn't because people don't like money. Because these kind of trades are hard to execute and require much studying of blockchains, orderbooks, richlists, and everything in between there aren't many day traders.
That's right. As much as you could get instant profit by striking out rich in good trades and deals on valuable coins, it's pretty much easy to also lose your investment in the trade market. It's a risky market because it's more of an active approach to do business in the trade market, but there's also lots of possible alleys for you to lose your investment, and that's what makes it very difficult. However, if one would really study and be diligent with doing business, then there is always that chance to get that "instant" profit in discussion. |
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What do you people think about the future of bitcoin or other cryptocurrencies in India under the current government policies?  in my opinion, India could be an important factor in the development of bitcoin in South Asia. if India does not ban bitcoin, I think countries in south asia will take part, although the process will be long and time consuming. The point is back to the government in that country. I agree. I don't think that banning Bitcoin-related activities will do them any good. India, although in majority, a not so rich country, they are quite technologically inclined, and so, it would not be as hard for them to adapt cryptocurrency practices because it's easy for them to learns its ways and means. Also, the sheer number of people their would be a key instrument that can really contribute to the explosion of cryptocurrency in Asia and all over the world. As more and more people of different nations would embrace Bitcoin, it would help more people realize its true potential. |
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Actually I do think that education is priority now a days which one must have. Whether it is formal education or whether it is high level post doc or something, one supposed to have it. Getting educated is pre-requisite in todays world and we should have to secure our futures.
Bitcoin is completely different part of our life. It is something that has got to do nothing with the real life and or education itself. Bitcoin is liquid stuff, it can be learnt by person who isn't educated enough or who is highly educated etc. Its all about passive way of investment.
But when you will have no formal education and if you see BTC world falling in the future then what would you do? Where will you go when you will starve for food? The money will come form the investment that was made on your education off course!
I agree. I think that education could open more doors to a person if he or she would invest in it rather that cryptocurrency, which is not an easy market to make it big. However, on the one hand, I say that it's one of the beauties of the cryptocurrency market that it could be done while doing other stuff in your life. I can support that idea because I myself am studying while having a full-time job, while I am doing different cryptocurrency-related ventures. It's doable, but you really need a lot of discipline and planning. |
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I hopeall of us are eagerly waiting for the bullrun a similar one which we have experienced last year ? Most profitable investment was ethreum and I am just wondering if it's going to be the same this year? Is it the right time to reinvest into ethreum?
I would say that it's a good time to invest in Ethereum. I say that because the price of Ethereum right now is dwindling, going up and down, while still holding a good price point that is ripe enough to be invested upon and be bought. That shows that while having a low enough value for investment, it still has a good movement to say that it has a high chance of increasing soon enough. At least, if one would invest with Ethereum, he or she doesn't have to wait for too long to get a return for the investment. |
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how often do you check BTC price and how to cope with stress associated with this? I am checking it every few hours and it drives me crazy and makes me anxious. Is there anybody in a similar situation and how do you cope with this?
PS: I was trying to do this once a month, but I think, I missed the beginning of the bear market in January this year because of this.
Thanks,
Mike
For me, I check it every couple of days; sometimes, around twice or trice a week. I don't need to follow the market that closely because I don't do much trading ventures. I mostly do passive investments like hodling and bounty campaigns, so I don't have to really be updated that much with what's happening in the market. Although, I check it regularly to be updated with the value of the coins I hold. |
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One strategy that works best in times of fall in the market is to remain calm, and not allow yourself to be blown by panic. Just hold the tokens with large caps and even if possible, buy more tokens and hold. For some coins like Bitcoin and Ethereum, it is always certain that whenever there is a fall, there is definitely going to be a rise.
What will you do when the market falls?
I guess, there is no doubt that that is the best thing to do. However, I can't blame those people who are are being paranoid and are being eaten away by their doubts and fears because of what's happening in the market because of the capital and money involved in their investments. It's not easy to see your investment being wasted away, and you can't do anything about it. Although I would say that if one really followed the market closely, there's always that light at the end of the tunnel that people can hold on to. |
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Buy and hold? Cryptodabbler? Day-to-day trading? Big bets enough to play the market? Other? specify. Please provide a quick explanation of the choicie of your strategy. To participate in an on going research and get the final report, follow this link : https://mourad1bm.typeform.com/to/wvQQyZParticipants will be rewarded by free 200$ credits to test the beta version of our upcoming product. I do mostly buy-and-hold ventures, and also, joining in bounty campaigns. As much as I want to try day trading, that's the only time I can spare right now because I have a full time job plus all my other activities. Also, I don't think I can handle the fast-paced and risky style of making business in the day trading market, and so, I only stick to the more passive approach, which is hodling. |
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Yeah the government and the central bank of the Philippines greatly accepts bitcoin and this is a good news to us who need another source of income. Philippines and Japan are the 2 Asian countries that supports cryptocurrency the most. I hope more Filipino people will know about cryptocurrency and try to invest in it. This is a good news indeed for us bitcoin users  Well, I would say that it will be a big step, especially for the Philippines because I have seen in this forum. There are so many Philippine-based users of cryptocurrency, and if their government plus some big business entities would actually contribute in its legalization and continued usage, then it will be a big help for their local cryptocurrency community, and it will surely open more doors for them in the international cryptocurrency market. However, my fear here is if this move will not be seen through and would only be half-baked, it would ruin the local market scene than help it. |
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Better not to put out all your money in stocks instead diversify you portfolio. Stocks are really ok for me in terms of making profit but yeah trading with cryptocurrency is a best market for me right now, I think bittrex is more secured compare to other but I'm not sure of course, better to do your own research about this but investing in cryptocurrency is always a good choice.
I agree. Also, I think it would be far too dangerous and risky if you would put all your savings into cryptocurrency. Whether you focus on one coin or diversify it; the operative phrase here is "entire savings". You may not know when you will need the money for some important thing or even for an emergency. Thus, it would be better if you would just put a part of it because you may now know when you'll need the money. As far as cryptocurrency has been through, money is still king when it comes to things that needs to be paid. |
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I definitely will and that's what I'm currently doing. I hold more altcoins rather than Bitcoin. The price of BTC now is still the highest in the market and I believe that I will have more profit in the future if I'll invest my money in quality altcoins so whenever I have BTC, I use it to buy more altcoins.
I think there's nothing wrong with it, especially if the prevailing trend is more favorable for altcoins rather than going for Bitcoins. However, you should still do it with caution because you might not know when Bitcoin will once again surge in value, which would really make you regret losing it after it has gained significant value as compared to the amount when you sold it. Also, you have to take in mind that Bitcoin is still better than any other altcoin in the market, so it would still be a better move to hold Bitcoin. |
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I had invested one ICO previously, it failed although I didn't contribute a huge amount on it. A news yesterday made analysis on blockchain ICO projects, mentioning 92% of these ICO projects are failed.. Should I stop investing the others or any really potential ICO suggest?
I would say yes, and also, don't give up mate. I know it's hard to keep your trust on the market now and to its assets, but if you're really serious about investing in this market. Then, the best thing for you to do is to be objective with your plans and make sure that you study everything before you move or do some actions, especially when it's concerning a capital, money or coins, or any investment that would have you use anything of value. It's becoming more and more difficult now to be successful in this market, but then again, success starts with one thing, and if you will not invest, then your chances would be zero. Just keep at it mate. |
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I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.
I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)
Does anyone here know the reason behind people loving precious metals?
I think it's simply because they have known that it's a valuable asset that does not really change in value significantly. Since they are more accustomed to that asset, then they are also more comfortable with having that as a back up plan whenever they need they easy money or an asset to exchange for money for whatever purpose. I think that can be compared to how people view fiat money, since it's a more established kind of currency, some, especially the older generations are more used to holding it than the newer plastics or cryptocurrency that most younger generations use these days. |
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One thing that really surprises me is how some new projects come into blockchain and start spreading false news and making baseless analysis that bitcoin will fail all in the name of making their own project a success. In crypto, we should accept that bitcoin is the KING and anytime bitcoin falls, all other altcoins also fall. I have read news where people were predicting that bitcoin will go back to 1k and now that bitcoin and other cryptos are down, they are changing their predictions to favour bitcoin. This all proves that their plans backfired and they are beginning to realize that when bitcoin is down, most other alts will be down. All these news we spread rather drive away investors and at the end of the day, we all lose. Why can't we unite and spread good news rather than hate one of our own?
I think most of that bad vibes are coming from those that either have lost so much that it's really hard for them to stand up and regain what they lost; those that are up until now skeptics and doubters that even though they don't have ample knowledge are easy to judge the market and its assets and have branded it as an auto-failure; or those that have tried for a couple of times but failed on the onset because of lack of knowledge. And therefore, instead of trying to get to know the system better, they just try to input bad luck and vibes to it because they have experienced such difficulties that most people did, but then since they are not serious, they chose not to get back up. |
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I agree, losses is part of us as a trader or investor we cant always win and earn by trading. To be more professiinal big losses is in there, i guess every pro here is experience this failure. But accpeting the truth will strengthen our mind to be more accurate on trade. Thinking that i want to eanr more to fullfil my losses. I want earn 2 btc. Be optimistic in life and we will reach our goal someday
It's true, especially in this market where there are so many loopholes and losses along the way that it will test one's character and trust with the system. However, if I am in the position that I will lose most of my money, I would first take a step back and regroup; what I mean by that is that I would look at things with a fresher eye and see what mistakes I could have made that contributed to such great loss. Although this market is filled with seemingly minefields of probable bad investments, there would still be some reasons as to why one losses or succeeds, and I, as an investor, have to look closely at that to make sure that if I try my luck again, I would know how to counter-act such situations. |
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