you need to start small and learn how to manage different situations over time in this market. trading is like any other job in the world you start at the bottom and work your way up, if you try to start at the top with lots of money you will end up losing money.
and fear only happens when people are newbies and don't know what they are doing. if you have experience you know very well how to handle different scenarios and if you are a newbie and have invested small amount then again there is no room for fear and you think more clearly.
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On ETH in near future we can expect the bull market. Problems will be resolved fully. I do not recommend opening any positions in margin trading, and wait for signals from developers.
How near is the near future? A week may be a long time in the crypto-world. Ethereum might have its problems, but it occupies a niche space without any serious competition. That will at least a few months away. There is no good news about the Ethereum development in the next few weeks. there has never been any good news about ethereum apart from all the hype and fake pumps and i think the reason why the whales of ethereum has been silent (as you can see by the activity of their shills on the forum) is that they know it is pointless at this point because nobody is interested in buying it. they may be holding it off for when bitcoin stopped being too hot as it is right now.
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i want to see a lot of different things in altcoins but almost all of them are not possible. - i want faster transactions with immediate confirmation; but that comes at the cost of increased number of orphaned blocks, less security, and a massive blockchain - i want cheaper transactions preferably free but that means miners have to get paid more reward and that means more dump and price going down. - i want to be able to mine myself so that mining don't turn into a centralized act that only mining farms can do, but i don't even know that is even possible with the way difficulty works. - and more things that are smaller but the above was the most important.
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with the new change in price moving up to 760-770 USD i think $800 price by the end of this month is easily possible now.
what do you think is needed for this rise to happen or ensure it?
We are going to start a new year with high price of bitcoin it would be in the range of $850 or maybe more i can see the real future of bitcoin even in india, India is buying bitcoins pus 15% of price it will continue to rise i can assure that. Yes, India market is leading bitcoin prices with their own reasons. But I could not see big impacts on world wide other markets due to this other than arbitrage trading. Maybe Indians come out to buy from other exchanges so that we may be general price surge across all markets. I am too sure we may see $800+ price levels by this new year. i don't think Indian market is that big to be able to have this king of impact on the bitcoin price though. besides their market is kind of secluded and separated from the rest of the world or at least that is my understanding .
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Guys which exchange is better for you? Why guys so much like bittrex?
since (like others have already mentioned) i am not so familiar with livecoin i have to say bittrex. and i have to say i have not chosen bittrex randomly. it is a good place, i like the rules (unlike poloniex) the engine is pretty good, the charts are awesome and they have a good API service. Livecoin a almost dubble volume trade!👍🏼
first of all volume can be fake it is a number that exchanges report and also there are lots of way to fake it too. but i suppose this higher volume is because of the BTC/USD and BTC/EUR pairs, remove those and you have no volume left (this two will remove $900,000 72% of the volume)
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it depends on what you are planning to do. all the information you are giving us is that you want to "transfer funds oversees" for that the solution is using bitcoin, it is cheapest because of fees and the most secure because of how cryptocurrencies work and also you wouldn't encounter any trouble with the law because of sending money out of the country.
but if you are planning on sending USD and the amount is high there are different solutions which are not easy nor cheap. for smaller amounts again it depends on what you plan on doing.
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Yobit is very laggy in me even I trade only . So I'll never take some risk to play dice game there.even to play with altcoin I think is not safe on my side to play it. I prepare other dice site to play dice games and trade only for exchanger sites.
One of the reason why i dont like yobit and for the long time of being an active exchanger they still doesn't fix the laggy issue who's still occuring on their site and i cant do trades correctly using my smartphone on yobit since it takes time before.my trade will became successful, thats why i advise to others who wants to have an smooth trades well much better for them to go to ccex and other big names of exchanging sites where we can assure we are on safe site who can be trusted on. when it comes to choosing between yobit or other exchanges the choice is so easy that sometimes i am surprised why some people choose yobit! you are choosing between a horrible service which has no benefit if you choose it over other good exchanges like poloniex and bittrex. they are not even offering a competitive trading fees so we can at least have something to hope for.
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with the new change in price moving up to 760-770 USD i think $800 price by the end of this month is easily possible now.
what do you think is needed for this rise to happen or ensure it?
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I don't think that it wold affect Bitcoin that much. If he ever did come out, it's not like the price would suddenly just drop because of that. That is unless people start to trade a lot more when he reveals himself, which is not very likely. If Satoshi comes out in the open, no one can predict whether it will be beneficial or detrimental for Bitcoin. For example, if he is someone with a past criminal activity, then it can affect the reputation of Bitcoin. Also, it will be interesting to see how the authorities react. In all probability, they will try to jail him for challenging the fiat money system.
That is very true. He could get jailed if he is in a country like Bangladesh where there are very strict regulations against the use of Bitcoin. Although I doubt a technological genius like Satoshi would be in Bangladesh, no offence intended. I think there is no effect if satoshi naka moto come out the price of bitcoin is always depends in demand and supply also it is in our hand if bitcoin will adopted it more in the future satoshi is just maintaining bitcoin to live long not to give more stores to accept bitcoin. Also i think satoshi can be in danger if they will know by some terorist. that is why he is just hiding.. it is effective and it has already been proven that it is going to be effective when that impostor called Craig Wright tried to fool people into believing he is satoshi and he is going to move funds from his wallets, there were some small changes in price. but even if satoshi were revealed the effects are going to be temporary.
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Securing Bitcoin is for me the biggest disadvantage, how will you teach a village woman who is not expose to IT that her money is this private number and address, and must be protected. It sound abstract to people in this level and for Bitcoin to penetrate the unbank segment of the economy this issue must be addressed.
this is funny because a village woman is not usually thinking about investing her money so she certainly is not thinking about investing in bitcoin and if it is in one of those developing countries where they have no access to technology,... they certainly are not thinking about investment of any kind. besides bitcoin is the easiest thing to secure. anything else that you buy (stocks, gold, ....) are either not-store-able or you have to leave them with a third party. but you can easily buy a hardware wallet and keep millions of dollar in a tiny thing.
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I also believe it's flooded. Many people just stay away of altcoins - meaning ALL altcoins - because of this. While coinmarketcap should have some more strict criterias (or red flags?), it's hard to tell in various stages that this or that coin is scam/shitcoin. Especially in case of ICO: some just have great gfx and roadmap, but don't deliver.
it is never easy to say an altcoin is scam and flag it just like that. you can only be like 80% sure because if an altcoin was clearly scam (100% sure) that altcoin wouldn't last a second and its price would have gone down to zero and possibly exchanges would have de-listed it immediately. and the flags coinmarketcap has like the massive premine i think is enough and the rest is up to the user to investigate and find out. and i know it is not easy to do among all these massive number of coins but if you love your money you would do it.
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If exact correlation is a large majority of cryptocurriences
correlation exists between bitcoin price and most of the altcoins not all of them. and this correlation is the most obvious in altcoins which are being traded with both BTC and USD at the same time. I would expect a little more for ETH, if BTC was shot above 1000 $ ETH could go to 0. 00235000 ETH will get there even without bitcoin shooting up to $1000 and it has already started to go down and when ETH goes down lots of panic sells start which will push further down.
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All type of investment are risky,since you don't want to invest on hyip your best option is to hoard your bitcoin as it is rising,or better get involve in a franchising ,the roi is much better than any other investment .
Online Investment are risky, we can learn from other users. Sometimes peoples not used logical when Investment. They only think to get rich with instan step, so they join risk investment like hyip. After we know bitcoin, this is a best options to put our money, just buying and hold bitcoin for long term we will get profitable. Yes, buying and holding Bitcoin allows to save and increase your capital. But it would be desirable to increase the number of Bitcoin. It would be ideal lots of other things are also desirable but not all of them are possible. with bitcoin most people are better off just buying and holding bitcoin itself and don't think about profiting on that bitcoin because they are not experienced enough in the field of investment and most of them are too lazy to investigate and learn more about it.
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Do any of you that follow the price of Bitcoin closely think that the price will ever drop back down to $500 or something close to it? And why or why not?
bitcoin price has been rising with a big strength and nothing can easily change it. at this point dropping down to $500 means a big drop of $270 and that is impossible when there is always a lot of buy support behind bitcoin waiting to buy cheaper coins even if it is $10 cheaper.
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China and Russia are investing in gold big time and it seems like global market crash is coming very soon. check the news. What are the chances everyone move to digital money?
many others are also investing in bitcoin but that is not because of global and economy crash in the present or possibly future. it is mostly because everyone is starting to realize the power that bitcoin has. and you subject that is saying banks moving towards bitcoin is another story which will happen but not until bitcoin is adopted by masses.
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Worst mistake in gambling is betting all in when you are greedy and playing the game with big amounts that you didn't know how to play .It my most mistakes morely losing when i am greedy.
Do you mean playing YOLO? That's truly worst and why you did have to do that? You should control yourself because this is very popular act of each gamblers. When they feel very upset, they don't have choice but to put all that we had because we think by doing single bet or all inning it. We have a chance to cover our loses and we do fail and I guess there are some other worst mistakes that others did. I'm still waiting if there are some that will share their funny and worst mistake. YOLO is different than playing while mad. when you are mad for example because of a big loss or having a bad day and making emotional bets that is an obvious bad decision. but YOLO is a fun way of taking bigger risks and as long as you can afford what you may lose in this strategy you are fine. and this is actually a lot of fun thing to do.
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ethereum price dropped to under 8$ (about 7.90$ !!!) what's happen? any news about it? it is the free fall that had to happen sooner or later. and right now ethereum has actually recovered a bit from the bottom price but in my opinion that doesn't matter anymore since the damage is done to this coin and i don't see any good thing coming out of it.
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everything about altcoins is about profit. and MLM scheme gives the participants no profit because it is a scam way of making the head richer not the people who join in after that.
and ask yourself this: do you want to take huge risks for a maybe profit your would you rather invest in an altcoin that has a better chance of giving you profit and is normal!
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you have to learn how to work with your money yourself instead of trusting others for it. an trading bitcoin is not that hard to learn either.
but if you can find a friend, or someone that you know in real life like a family member that you fully trust (which never happens) and that person is trading then you have better chance asking him to accept your investment than looking for someone here.
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I am sure the year 2020 users bitcoin can reach 10% of the population of the Earth. Although currently many countries that prohibit bitcoin but the popularity of the bitcoin will not be stopped.
Lol you too much, you should know that the total population of the earth is so large and while users of bitcoin is still very small, impossible in the next four years we will reach 10% of total users. it is too big expectations not only that but also bitcoin can not handle that many users. right now with the current number of bitcoin users (which is far smaller than 10% he is suggesting) blocks are full and people are stuck waiting for confirmation. and anything bigger than this is not possible and i don't see how in 4 years we can handle 10% population of the world.
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