Can someone point me to where I should begin? And one more question: What is the minimum amount of money needed to start?
There is no minimum amount required for cryptocurrency trading but at least a few hundred would be good enough to make profits.~ No, there is a minimum amount for trading cryptocurrency, it refers to min deposit to exchanges e.g. starts from $25 or $50 depends on the exchange policy. To learn about trading, you should read some basic knowledge regarding crypto trading, then register to exchanges in your country as you need to deposit first. How to make a profit? The easiest way is to observe the analysis of some reasonable and reputable crypto analysts.
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yes.
first wave ends late dec or jan around 25k-30k
we drop to 15-16k and in the fall,of 2021
we do second wave cresting around 80k
I have the same thought, bitcoin has the potential to reach $25k-$30k but within this year, the real fomo may starts after bitcoin succeeds surpass $20k+, and expect Bitcoin to reach $35k or more by the end of January, this probably the start of Bitcoin parabolic trajectory, depends on the trend in the market. The retraction probably around 30% i.e. $17k-$21k before starts to climb up again. The second wave is the most interesting part in 2021 as bitcoin always surprise us with the new ath, because bitcoin will be in bubble territory above $50k.
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The rising fee is one of the imperfections in the bitcoin system, it's not the fee but the way it always increases because people scramble to pay higher fees to get priority for their transactions. If everyone agreed to pay below 10 sats/byte, it will be okay for all of us, though it's not the case of what's happening in the market. The fee rise whenever too many queues on the mempool, especially when it reaches over 60k transactions. Currently, there are over 22k unconfirmed transactions, with 32 sats/byte will take less than an hour to be confirmed.
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people who invest in the market today are people who dare to take big risks, the price is very high, I myself don't dare to buy bitcoin, I dare to play futures and take short in bitcoin. It will be profitable and multiply the results. short BTC
That's really a big risk that you will encounter if you really try to buy at a time like this, if you can see the market is rising in terms of value, you can see it in every token especially bitcoin, you should invest before when the price is not that high just like today, we don't actually know what will happen later on but we are all wishing that it will continue to rise up and reach the highest peak just like what happened a few years ago. But we cannot predict what will happen since volatility is the nature of cryptocurrency so it's a big risk for you. Investors who buy bitcoin at the current price know the risk but they do not invest without doing the research first and calculate the probability. We know how the market will increase in the near future and bitcoin has been proven to reach a higher peak over time, moreover after halving and what's happening right now. The trend in the market shows the capabilities and potential of bitcoin to break the ath at $20k, so that buy bitcoin at $15k or $18k isn't bad at all.
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This is another bubble, just like the ones in 2013 and 2017, but this time it's mostly driven by institutional investors. What rises fast also falls fast, but the question is when will it stop - we could easily reach 50k or even 100k, the bullish market can continue for months or maybe even longer. Or maybe it will end soon. Bitcoin has always been so unpredictable, look at just last few years - so many small rallies, bearish declines, stagnations, sideways markets - no one can truly predict what happens next, it's all guessing.
When the time comes for institutional investors to cash out, bitcoin may crash hardly, probably more than 50%. However, we don't know at what price is their target to sell-off. Notwithstanding, the market packed with predictions to reach $30k or $50k, bitcoin seems to rise steadily at this pace to $20k by this year obviously. Let's see how much retraction it would be at that point, whether the investors going to sell or wait for the higher target.
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We have official cross the $17k mark just now, so it's no longer a rejection but a test on that price.
So it we are going to look at 2021, most probably we won't see a decline but instead, we might try to get close to the last all time high we got. So let's see how are we going to do with $17k levels now. I'm expecting that it won't hold as this is another price wherein there could be some sell-off. But it will be just temporary though. In any case that we continue to push the price, most likely $18,300 will be another wall that we're going to hit.
Bitcoin breaks $17k resistance, the breakout and upward movement is faster than I thought it might initially take a week but only took two days. seems nothing can stop the bull-run right now to reach $18k and the fundamentals are much better as well, bitcoin at $18,5k currently, whether it will take a brief dip or not after hit $18k. ~ the bull run isn't over yet, $17k is only time matter to reach that point, probably within a week to get there.
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~
Is there some significant resistance at the moment? yet bitcoins price tends to break those resistances every now and then thats why im barely checking out some technicals at the moment due to this very reason.Its totally unpredictable at the moment and still have lots of question on what is the next possible resistance and we do always presume with that +-1000 thresold neither on being a resistance or a support.For the topic about this big amount being withdrawn? This isnt something new specially when the market tends to be bullish then expect for this numbers. Yes, there is significant resistance to be faced, right now Bitcoin is moving up without any problems, but some people estimate the actual resistance should be $18k or $20k, Bitcoin might struggle to break the $20k mark due to the big 'sell' wall at $19k~. It's not the amount being withdrawn but the opposite, it shows that people hold bitcoin, prepare for the higher target, most of them and us expecting $20k.
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Interesting topic which created in mid-2020 when bitcoin price was just $9,3k. Many people in this forum didn't believe that bitcoin could reach $20k by the end of the year, but if you ask them now, they may have different idea about the price towards the end of the year. People tend to think pessimistic or don't want to expect much, perhaps afraid of being disappointed about the unexpected reality in the end. It's the same with every single price prediction ever. It doesn't matter. Price predictions are completely pointless regardless who made the prediction.
True. They're highlighting these predictions which looks like the person who did it is prominent. Don't believe this and neither fall for this folks because it's likely not going to happen. Most financial markets are crashing and the entire crypto market does not look good. Don't think bitcoin is going to reach such a high price at least this year. Let's look at a price prediction of $10K-15K and as that seems feasible
This is just another wild guesses coming from a supposedly expert. Market is very volatile, just look at today's downtrend. We even can't make it to 5 digits and sustained what more to go to $20k at the end of the year?
And we still have the pandemic, we need to consider that as well. Maybe investors are reluctant because there's a lot of uncertainty right now. So I wouldn't take that prediction seriously, let the market flow its normal course and don't expect a big jump so that we all won't get disappointed at the end.
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Simply supply and demand driving bitcoin to the new level. No wonder Bitcoin is bullish these days, institutional-investors actually consistently invest in bitcoins into their reserve that pushes the price to this point. if the bitcoin-holders position remains positive bitcoin may break the resistance of $16,9k mark within hours, it could extend to above $17k before finding a significant resistance.
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After researching it , I think the while "buy Bitcoin on PayPal" is a scam at best , and could be something more sinister at worst. Basically , you cannot withdraw the crypto , which for me means that it isn't crypto at all. But after doing research , I found that you cannot EVEN PAY another person with it - you're simply buying a token that is linked to the Bitcoin price - what is the value of this ?
Have you read the terms of service as a whole and understand it comprehensively before expressing your opinion? it clearly mentions how PayPal approaches bitcoin today and in 2021. Well, this is not perfect or good enough at the moment, the most important thing for the current adoption of PayPal is the large number of users and merchants who can accept Bitcoin payments even though indirectly which the value converted to fiat through paxos. Paypal will improve its service toward crypto as time goes on, hopefully will enable the user to withdraw bitcoin.
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There's no such thing as accurate prediction when it comes to predicting the price of Bitcoin in a market at a given date or even year, only newbies will believe this even those who started out in Bitcoin cannot accurately predict the right price at a given date, even if you are good in reading chart or data, you can predict some period but you cannot go fast 50% of your prediction accurately, it's time for people to get the fact.
My wallet wholeheartedly disagrees with you. Bitcoin has been the most predictable asset I've ever seen in my lifetime. I've sold the top and bought the bottom of the last two bubbles. I'm now getting ready for the 12 month ride of my life (for the third time). Do you think bitcoin will eventually reach at least $100k in 2021? There are a lot of predictions regarding bitcoin that could reach $100k in the next year, but it still too far away at this point. I would agree if bitcoin manage to reach at least $50k by mid-2021, only if the price won't plummet after reaching a new ATH.
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Yes.. these sites looks like they provide more accurate statistics. BTW, I won't blame sites such as earn.com, which shows a higher median transaction fee. Their algorithm is designed to work like this. And they are accurate when they show 300 or 320 Sat/Byte as the median fee (because most of the users are paying this much fee). My suggestion is that they should add another column, to show how much fee is actually required, in addition to the median fee.
I don't really understand what kind of API they implement, but it will misleading newbies and layman to pay higher fees than required. The fastest and cheapest transaction fee is currently 300 satoshis/byte, shown in green at the top. For the median transaction size of 223 bytes, this results in a fee of 66,900 satoshis.Even at current mempool conditions; less than 8k unconfirmed transactions, it still suggests paying more than necessary. While https://bitcoinfees.net/ suggests paying 9 sats/byte is enough for less than 20 minutes to be confirmed. Yesterday, I paid 1 sats/byte and the transaction confirmed within 16 minutes, really depend on how many unconfirmed transactions on the mempool.
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The price of bitcoin is increasing and the prices of other altcoins are dumping but if you analyze the market well it is possible to find the right currency both trade and investment are good but it is related to the situation of the market. It is better to invest if you do not know anything about trade long term investments have to wait a long time. You can trade every day if you have less patience but it requires experience trade charts must be well understood.
The difference between investing in bitcoin or trading altcoins depends on the time frame. Although the return for investment requires a long time, but it still worth the time compared to short-term trading which has a high risk and takes time to analyze and observe market movements every day. That's why Op's decision is a good choice because investing in bitcoin doesn't take too long either, simply 1-2 months waiting for bitcoin reach a higher price, then the profit is quite good.
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The pandemic has had little effect on bitcoin, the best possibility is that people sell off the stocks and switch to bitcoin to hedge the funds due to the crisis that may come because of covid. From March to April 2020, bitcoin price rises $3k within a month, but it climbs even higher towards halving day to $10k. The halving day is the biggest reason for the increase in bitcoin prices to date because the value of bitcoins is basically calculated based on mining expenses correlated to supply and demand.
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It's not completely recovered guys, but it will recover soon, there is still a year ahead, so seeing that 2021 - 2022 after this thread is created, those who already have tickets are waiting for everyone to buy them, in early 2020 it looks like everyone will return to rally more good and recover fast
I guess so. It will recover in the next year, and we still have more time to see that will happens. We can only wait for the bull run to come, and we should use this moment to buy bitcoin before the price really increase so high. Right now, the price is back to $16k, and the price is trying to increase, although it seems the moves are not too fast. Maybe the price will rise in the next few days, and if that happens, I guess that the price will break $16,500 again or $17k. Until that time, we need to be ready for that moment. The probability for bitcoin to recover by the end of this year still high considering how the market still in a bullish condition, today bitcoin will retesting $16,5k resistance, if it works then $17k is closer than what we may think. 2021 and 2022 will be a different story for bitcoin, depend on the new ATH, probably $25k or $30k, the correction may cause a big dump to a certain level but it should be able to recover faster than the last time. hopefully, we could see bitcoin reach $50k by the next year.
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Obviously, bitcoin volatility causes by traders, if there are 90% holders and only 10% of traders, assume everyone only possesses BTC1 then the price should be stable. The key is how many bitcoins each person has, the more one has, the more likely the price will swing in short terms. Considering the amount of bitcoin in the circulating supply and the amount left to mine, then price stability is far from being a reality.
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Patience is one of the most important characteristics that you need to have if you are dealing with Bitcoin. That is not always easy and temptation is always big, especially when the price is rising and it's hard to predict how this is going to end. Setting your personal goals and limits. However, it's still not to late to buy again.
$14k is a strong lower levels support, after 10 days bitcoin didn't even fall below that price point. I did the same when it was $14,3k but it seems to reach higher, so decided bought at $15,3k. After bitcoin reach $16,3k I sold a few portions in case it drop below $15k, but it seems bitcoin could maintain its position above $15,8k so far and the hype for $17k still continuing.
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Now we are having another issue. The Mempool size is down to minimal levels (0-2 MB). But users continue to pay large amounts as transaction fee. When I checked earn.com, it was showing median transaction fee at 300 Sat/Byte. But the same website was showing that it is possible for transactions with a fee as low as 2 Sat/Byte to get confirmation within 1 hour. I think, first we need to educate the users on how to set the transaction fee.
I don't check that site as a reference anymore, not reliable information in my opinion as they show 300 sat/byte while other sites provide better information regarding unconfirmed transactions on mempool, how much fees we have to pay, and how long it takes to be confirmed. check these 3 sites ; https://bitcoinfees.net/https://mempool.space/https://jochen-hoenicke.de/queue/#0,8hafter check 2 sites on top, you'll know that there are over 15k unconfirmed transactions right now and 8 sat/byte should be sufficient which will be confirmed within 30 minutes.
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I want to know if there is a connection between people paying less fees and the price going down.
This is what I think happens. During a strong bull market or bubble, potential BTC and altcoin gains are in the 100s and 1,000s % range. Speculators don't care one bit about transaction fees. So speculators withdrawing from exchanges (and exchanges intent on guaranteeing fast withdrawals) drives network fees up exponentially. When bitcoin on the rally, the price is driven by 'supply and demand' in the exchanges. At that time, people tend to send bitcoin to exchanges, not the other way around. Because of the fear of missing out and to avoid long time confirmation, people decide to pay higher fees, the next person pays an even higher fee, it creates a snowball effect which causes the fees to go up out of control.
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Bitcoin wanted to retest $ 17000 but was unable to, the last resistance was at $ 16400, and now it's down at $ 15900, this is scary for bitcoin price movements going forward, whether bull or bear will win, we'll see.
It is up again. It's back to $16000 again. That is usual and expected and am more into bullish. That is an obvious pattern,imo. Bitcoin can't break the resistance at the 16.5k mark. After a bit of correction, bitcoin doing great rejecting prices under 16k and hold its position right now. Tomorrow is the best time to judge how the market reacts toward bitcoin, whether it will be sideways or retest the resistance level once again. However, the bull run isn't over yet, $17k is only time matter to reach that point, probably within a week to get there.
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