Honestly speaking the bitcoin market is good as of now with slight improvement and not much dump except one particular dump before week or so which provided further pump, but are these manipulation just to for whales to cash out before the halving and then invest again at a cheaper value to get most profit of out it post halving? Are we going to witness major dump before halving?
We always witness this kind of situation every time there are halving but I think this time if the price will dump, it will have a hard time to increase again. Just my speculation, I don't see some improvement with bitcoin this year but hopefully, I am wrong and let's wait for bitcoin to make another ATH's or if not, more than $10k will do. The market has slowed down considerably and it doesn't seem like it is going to accelerate anytime soon, with that in mind I cannot see the price going above 10000 before the end of the year and it is likely that we will close the year with a negative trend, but no one should be too worried about it the halving is too close and this should be enough to attract enough investors so we can avoid another crash, but even then it is not going to be enough to get to another ATH. |
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I blame investors for their lack of sensitivity, if they were sensitive to the crypto sphere, they will already know that people are now turning the cryptocurrency space to somewhere they come to just generate fund without having anything solid to actually offer the public or have a product that we will really be sure of making their value to grow.
People are free to do whatever they want to do and they will always take risk to create project even if they know that the project is not a good one, but because their main focus is just after the money, they do not bother if they are to support existing projects or not, but when investors knows these project already, they still allow them to keep growing by investing their money, so are they not the ones to be blamed?
It is undeniable that they share some of the blame, in many countries before you become an investor you need to show that you have a very high amount of money saved or that you have the ability to earn a lot of money each year, this market allows almost anyone to become an investor and this is great but it is also a disadvantage because many of the people that are investing their savings in this market do not really have an idea about what they're doing |
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So far, I haven't done it lately. I think its already announced and broadcasted on the television and the internet. Its already about 8 or 10 years or more that it existed. And its all up to non Bitcoiners to decide. Well, I guess we can engage those who really need money or to have additional income. It will serve as a motivation to share and somehow help them in their financial need in a manner that you teach them to work for money not just to simply borrow from you.
And this is what bothers me, what else do they need before they begin to invest in bitcoin? Bitcoin has already existed for 10 years, there is a forum like this one where you can find all the information that you may like about it and that is even part of the history of bitcoin since it was created by Satoshi himself, you'll find many articles all over the Internet about bitcoin and how likely it is that it will be a lot more valuable in the future and if that is not enough to convince them then nothing will. |
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Don’t be looking at the charts all the time;❌ ⠀ And how can you do price analysis if you are not constantly looking at the chart? I understand that emotions cause us to suffer many losses. But that's why it's necessary to have a strategy, to know the point of purchase and selling, and to know what money the person can lose if something goes wrong. By only looking at the charts for long enough to make that analysis and then forget about them, many traders have the tendency to look at the markets for too long even when they have no intention of making any trade, I know about that because I have the tendency to make that mistake as well, but that is something that I'm trying to change because it seems that I am unable to do my normal activities without checking my portfolio every other hour. |
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It is totally possible that after 5 years bitcoin reach 100,000$. Even bitcoin is very volatile there is a chance that bitcoin reaches that price and as you can see some professionals predict that after this year the price of bitcoin might pump up to 1,000,000$. Maybe we should hold our bitcoin and wait for 5 years and let's if bitcoin truly hit the price of 100,000$.
Anything can happen, even the unexpected happens in crypto sphere. Though it may sound like a piece of hype news who knows. I think $100,000 is reachable since the timeline is 5 years. As crypto grows especially bitcoin with limited supply, its very possible.Any world events with worldwide significant can trigger this bull run. One international event that may help the price of bitcoin to reach those levels is if we saw a huge economic crisis that was many times bigger than what we were expecting this will destroy the confidence that people have in fiat and will help bitcoin to become more popular among people especially those that are skeptic about a currency that is not printed by a government, and people will finally understand why we need a currency that is independent from government control. |
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yeah, right now it's so difficult to find a good project with a serious concept and strong vision. not like 2017, you can find so much powerful project and success rate of them are over 80%. this current condition makes a lot of bounty hunter frustrated.
I agree. Most projects have the same concept now. No more innovations and new ideas. The projects are all generic and have nothing new to offer. I hope with the rise of IEO, new and better projects will be introduced. Now that many coins are being released in good exchanges the possibilities of being scammed will go down but this does not necessarily mean we will get projects of a higher quality, developers are just recycling old ideas and presenting them as new, also it seems to me that many investors and I include myself among them have lost faith in them and from now on will only invest in known projects and will no longer take a risk with new coins. |
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If it brings about innovation and other things that will help the spread of bitcoin even further then I’m fine with it, even if it does not directly meddle with bitcoin and/or associated with it in any way. I have learned to accept that everything that sprouts in the cryptocurrency scene is not directly partaking in bitcoin but is somewhat helping it in some way and that’s okay. We have new techs rising, new techniques being used and new practices being developed to aid us that the exclusivity for bitcoin projects that maximalists claim tend to fall out of place in no time.
I do not know, even if a technology that was superior to bitcoin was developed if it was not open source and their creators tried to destroy bitcoin then I will keep supporting bitcoin, besides there have been many attempts to apply the blockchain to many other industries and it seems that satoshi created the perfect application and implementation for the blockchain from the beginning, but if someone can do a better job and he makes his project open source then I will not oppose it. |
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Hi all,
I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?
Thank you in advance for your suggestion
It depends, if you have all the necessary knowledge and skills to trade then you do not need our opinion, do what you consider to be the best for you, and if that is not the case then you are not ready and it could be a good option to not get into this market until you are, it is understandable that you are excited to get in the market as soon as possible but those kind of emotions can be very damaging on the market, learn everything you need to know before you invest any of it and you will be fine. |
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as we know that in 2017 many ICO were successful (at least reached softcap) and of course the market cap was also very high at the time, so it proves that many people are interested to investing in cryptocurrency, but now where do these investors go? because now the market cap is down and many ICO or IEO are failing (not reaching softcap), are investors no longer interested to investing in cryptocurrency? if yes, where are they investing now? or is there a more profitable investment than investing in cryptocurrency for now?
This is not a mystery, why investors decide to risk their money in something? Because they want to earn money, how many of those that took the huge risk of investing in icos obtained profits out of their investments? A minority of course, then why investors should keep risking their money in a type of investment that gives so little chances of earning money? Do they even have any money left to keep risking in icos? When you see things this way it is easy to explain why no one cares about icos anymore. Simple logic that varies regarding to this venue of investment. Investors who failed to their attempts are no longer interested participating to any types of investment due to the reason of losing their money. Out of frustrations they are no longer interested to suffered the same mistake and find other ways of business, for some who have good skills, chances to focus with trading is more likely to do than trying to find some luck to invest with IEO's or ICO's where the chance is very small. It is really simple but many do not want to think about it because it means that their own chances of making money are even slimmer than what they thought, I would like for the days in which many of us were innocent and believed that we needed many cryptocurrencies to change the world but now we know better, bitcoin and a few other cryptocurrencies are all what we need and the rest of the coins do not really have any other purpose except being there to speculate with them. |
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IEOs are way more secured than ICO. ICOs today are just Moneygrab scheme. I don't waste my time on ICOs because they just can't afford to land it to decent Exchange. iEOs can be easily a successful crowdfunding because tokens are easily sold out. But not all IEOs are successful tho. It's because the Exchange they conducted IEO was not a huge Exchange at all. So always buy on reputable Exchanges like Binance or Kucoin.
safe from fraud? Are you sure? then what about the case of the IEO token that was registered in the exchange after IEO was finished and their developer disappeared? if it is felt to be safer, I think there will be many successful projects this year with their IEO sales. but in reality, you can see that not many are successful with IEO. some projects are successful, but not in large numbers. I do not follow much IEO or ICO. even now I don't do both and focus more on trading in the market. not only because of the many scams but not many new coins that can survive in the market now. even some there is no development after 1 year of the project running. indeed not all projects are like that, but you can see most existing projects like that. It depends on what exchanges that held IEO itself, if the IEO held in big exchanges like okeX, huobi, binance i'm sure they will be very sucessful because of the demands of those IEO tokens are high and the price must be hihger after it officially listed on the exchanges. But some exchanges are held IEO with bad projects and also some of them are paid projects that can be list on their exchange. So, even an IEO will be listed on an exchange after it held, we still have to be do more research about the project before we investing But what do you mean by successful? Many think of a successful ieo as one that gave profits but that is not a successful coin in my mind, many of the coins that were released in good exchanges go through a pump and dump and then go down again and never recover and no one ever hears of them again, we must recognize the truth, the days where any new coin could get a lot of funding and then get a huge support coming from the community seem to be over. |
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I think $9400-$9500 proving to be hard to break for Bitcoin. So with that in mind is, It is currently much easier for Bitcoin to travel lower than higher. this mainly due to the Volume Profile. the volume trough at $8850 will ensure that price gets sucked into like a vacuum. Bitcoin likes to back fill these areas that are left open. next high volume node below is $8200, if price breaks down below $9000 expect mini-flash crash down to $8200. Next high volume node above is $10,000-$10100 maybe save that one for Dec newbies.
you can say that it is just not in the mood to do so. Bitcoin can achieve high targets within days. If you remember 2017, it touched 20k mark earlier than everyone’s expectation. The pace at which it grows is too high. Even these little price breaks yield a lot of profit. Anyone who is smart, can make money out of these fluctuations. Big pumps are for achieving really big amounts that does not mean bitcoin cannot give benefits otherwise. Stop looking at what bitcoin did so much time ago and look at what the price is doing now, I really expect you made profits with that huge positive movement of bitcoin but it is over and you cannot take advantage of it anymore, bitcoin is having huge problems to go up after that flash recovery, if it was possible for bitcoin to do what you say then bitcoin would have kept growing but it did not and now it is going down and if that tendency continues we could see 7000 again. |
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of course, I also still hope that bitcoin goes up like 2017. But I can't predict when it will happen because bitcoin is very volatile. I'm not sure bitcoin will be bullrun by the end of this year. I predict the bullrun will occur in 2020 after bitcoin halving day. therefore what I do for now is hold it in and wait until 2020.
We failed this year, we will have to think of the other year, probably next year if the halving would bring positive things in the market. People will just invest again once the rally starts because there still a lot of people which will again FOMO when everything is pumping, especially the altcoins. Last 2017, the most profitable were the altcoins, so at this very cheap price now of altcoins, it will result to major profit once a bull run happens. Don't loss hope, keep the faith because crypto is here to stay, bull run will just just only come at the right timing. Many seem to be expecting the halving will increase the price almost immediately and that is not the way things happen, the last halving was in 2016 and the price did not went up until 2017, this is why I am predicting the next bubble will not appear until 2021 or 2022 at the latest, what we saw now was nothing but a simple correction since the price was too low for too long and smart investors took advantage of it, and I believe 2020 will be a slow but profitable year for altcoins. |
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With the high levels of corruption in most African countries, I believe that the blockchain technology would be the very important thing that this continent needs. Banks can use Blockchain to develop it's connexion with other countries in the world, with cryptocurrencies people will be satisfied and will use it to found solution to their countries. It will be a great opportunity for African country if they can adopt blockchain but not African countries also we can talk about some Asian countries like minamar, Cambodia, bengladech and other poor countries...
True, but those living in countries with high corruption are trapped, if the blockchain was adopted then corruption will go down but for the blockchain to be adopted you will need honest politicians that care about the people and want what it is best for them, but if they had those kind of politicians then they will not need to blockchain, and like always the dream of a change coming from the top does not work, if we want the blockchain and bitcoin to improve the conditions of those living in Africa then each person needs to take the personal decision to adopt it one at the time. |
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But in short, tradingview is enough for ta. Just keep it simple, too many indicators is just making decision executing slower.
I can agree with that. I quite often see crypto TA influencers on social media clutter their charts with lines, moving averages, volume profiles, and so on.... how can one not get confused by so many indicators? I use a few indicators that work for me and keep my chart clean to not lose sight of the actual sentiment and trend within the market.... the more you clutter your charts with lines and indicators the more insecure you are as trader. Most likely they do this to seem smart, a newbie looking at that many indicators may seem impressed by the skill of the trader in the video but we know better. And there is an even more important reason, if you combine enough indicators you may come to a combination that seems to predict the market with perfect accuracy, this is called overfitting and for the inexperienced trader this may seem like he has found the perfect system, but his system only predicts the past and cannot predict the future. |
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I do not recommend following a trading signal. Maybe some will earn from it specially those who bought right away after the signal was announced but what about those who will buy 10 minutes later or 10 minutes after the announcement. If the coin is worth 0.0001 BTC when it was announced, after 10 minutes, that coin maybe worth 0.00015 BTC or even higher. Those who bought at 0.0001 BTC can sell it at that price already gaining 50% profits and what will happen to those who bought at 0.00016 BTC? They are going to be stuck holding that coin because they come in very late.
Those that follow signals do not really understand the market, if you were to look at how the most successful traders around the world became that way you will see that no one follows the signals generated by others, they have their own way to tell what they market will do and then when the market moves in that way they enter the market not caring about what anyone else thinks and until you can do that then you are not really a good trader. |
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A lot of people are in debt, so consider yourself lucky if you have any savings I guess. and some people wonder why consumer spending is way down and many companies are going out of business. We are more productive then ever but the wealth inequality keeps getting stronger.
There is no denying the rich are getting richer but people are also guilty of this, there is not a person I know that has any significant savings and yet they spend their money in a bunch of stuff they do not really need and yet they complain to me all the time about how they are short on cash, people need to stop spending that much in useless stuff, there is nothing wrong with spending but try to get the most for your money, and then once you have some savings you should invest in gold or bitcoin. |
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Just wondering if I want to sell significant amount of crypto, where can I do it ? By significant I mean $250,000+ of crypto.Would you trust Binance / okex / huobi to return their money to you , and how law can protect us from being scammed?
Do you want to sell for fiat? If yes, then you have no other option but to verify your identity and even then I will not trust any exchange to give your money, you have to sell your coins in a slow way, that way if the exchange ask you even for more information they will only have access to a small amount of your holdings, it is not the most efficient method but it is the only way you can cash out such a huge amount of money in a short amount of time. |
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what are 3 concerns you have for Bitcoin?
this can be for the aspect of daily use?
if mass adoption would happen?
would it solve inflation?
etc. like to hear your thought?
1. How will bitcoin react in the case of an economic crisis? We believe it could behave in a positive way but it could also go down and we will not know until it happens. 2. If bitcoin is made illegal all over the world how will the majority of holders react? Many say they will keep holding their bitcoin but I have my doubts 3. As the block reward goes down due to the halving can the miners really sustain themselves only with the fees? |
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I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.
Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.
You are so new that it is difficult to give you an advice, there are many ways to trade the markets and each person will find a method they like more, there is fundamental analysis, technical analysis, day trading, swing trading and long term trading and you have no idea what you may like to do, I recommend to you that you read several books and watch many youtube videos about the different ways to trade before deciding on a method, and once you select the one you like then read about it for at least a month before you begin to trade. |
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Sure it's impossible to say but still... after yesterday hearing i really don't know what to think. Used to be sure Libra entry will boom the market once again but it looks like Libra's not coming shortly.
Is btc halving the most promising ''event'' we are looking forward to (at the moment)?
What do you understand by booming? During this year bitcoin reached almost 4x its lowest price and it is currently close to 3x, bitcoin is no longer worth one dollar to allow for 100x to happen, what we got during this year was a repetition of 2017, the scale was smaller but it was still a good recovery, asking even more from the market is nothing but greed and that kind of thinking can get you in trouble since the only way to get more profits than that is to invest in icos and that is not recommended. |
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