in my opinion, bitcoin in the future can be very expensive and bitcoin in the future will have difficulties to get because demand is so high that many people are looking for bitcoin while bitcoin has a very limited total supply that makes bitcoin very expensive.
The price of bitcoin is already so high that very few people can obtain one single bitcoin at the moment, can you imagine how hard it's going to be when bitcoin is worth 50000? At that moment a lot of people are going to begin to complain that they are not going to be able to buy a full bitcoin anymore, but all of those people complaining are not going to give an explanation of why they did not bought bitcoin when it was cheaper. |
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When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
They are setting themselves up to failure, they are trying to regulate not the use of cryptocurrencies but the behaviour of people, and as long as people can make money with cryptocurrencies then they are going to keep using them even if that means defying the law, that is what happened in China and the same is going to happen in any country that tries to ban cryptocurrencies. |
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what i feel right now is we kinda really going to have a longer bear market like the last previous ones, it just the matter of what are you going to do in this bear market? take advantage of it , buy and scale down the coins you have like many of it gone down to -90% many of it will die ofcourse you gotta have to choose which ones have the real world use case
You do not have to take such high risks in order to get profits in this market, even if you invest in some of the top altcoins you are going to get incredible profits, just look at the price of ethereum which is very low compared it to the highest price that it reached, if you were to just invest in ethereum all the money that you can spare you could easily multiply that money 5 to 10 times in just the next five years. |
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Some of the ressons why most people dont get into bitcoin It’s because it volatile nature the current problem with cryptocurrency is that its price is very unpredictable. Today the price is high the tomorrow it’s down. Due to this investors are scared to invest because they cannot predict how the market will behave. Even with Bitcoin having been working well you cannot still term it stable.People see Bitcoin as a Ponzi scheme The talk of Ponzi scheme has existed for some time.
It is interesting that you say that many people do not get in bitcoin because of its volatility and yet one of the most important reasons of why people get into bitcoin in the first place is the volatility to, people love the volatility of bitcoin because it allows to them to make a lot of money in a relatively short amount of time, the amount of money that you can make in bitcoin is incredible. |
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I now have $ 500 in capital. Is this the right time to hold the coin. and what kind of coin should I hold? I need some advice now, Because according to my judgment this will be the momentum for altcoin to explode in the end of 2018
it is the right time to hold the coin, and you can choose any coins you want. first, you need to visit on coinmarketcap, then take a look at the top twenty list, and you can research each coin. it is better to buy a coin which on the top ten list because this coin has a big chance to increase higher in the long run. and don't forget to purchase bitcoin because bitcoin price can jump to the higher price later so you can make a double profit from bitcoin and altcoin. It is good time to both hold and buy some more while the price is affordable. Many coins will rise in price once the market stabilizes. So we need to see whether we need our portfolio expanded and buy more coins too. To me this seems to be the right approach, I really do not understand what some people are thinking because to me it is very clear that the market of cryptocurrencies is going to eventually recover, and yet people are selling their coins for a loss knowing very well this information, so it's very perplexing to me that they are taking such a decision that doesn't make sense |
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Hello guys please can we share our view as a successful crypto trader how do you cut your loss short??
When it comes to trading you should always have an exit strategy even before you make a trade, you need to set an amount of money that you are willing to tolerate to lose during that trade and once you lose more money than that you need to cut your losses and move on, I know that a lot of people do not like to think about this but if you do not think about the worst case scenario then you will not be prepared for it. indeed a strategy is very necessary to play trading, because if you make a wrong move your money will definitely get stuck and you have to play cut lose A strategy is a must especially in this market that is so volatile, if you make the right trade you can easily earn a lot of money like what happened with ripple during this day but if you are in the wrong end of a trade you can be destroyed with just one trade and you do not want that, so you will need to set a limit to the amount of money that you are willing to lose. |
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So many crypto currencies are coming UP . They are much cheaper than Bitcoin for now. It is so hard to decide which to buy . Some are in good promos, to buy or invest to it while it is cheaper and sell when the price Will getting high. Is it a good idea to buy while we can not afford yet Bitcoin?
Many coin cheaper than bitcoin but it does not mean the price will growing like bitcoin. Its about the fundamental of that coin, bitcoin have good fundamental and trust from market and thats why bitcoin price always growing every year If you buy an altcoin that has been around for a very long time then you will have a coin that can give you a lot of profits, profits that are even better than the profits that you can get with bitcoin but you need to buy at the right time, but fortunately for you the market has been going down for a lot of time and almost all the coins are very cheap, so the only thing that you need to do to earn a lot of profits is to buy those coins and to hold. |
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Some hackers are the exchange itself. They blame and say that outside hackers attack them but the truth is some hacking activity is from the inside of the exchange itself.
This is one big problems of the industry, people do not trust in exchanges because many of the hacks are very suspicious and many have believed that many of those hacks were at best internal jobs and in the worst case were actually done by the owners of the site themselves, and that is why many people recommend to not let your money in an exchange because we do not consider it to be safe. |
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Many believed that the inventor of Bitcoin wants to remain anonymous to avoid legal consequences as what happened during 2007 about E-Gold, one of the first digital money (Bernard, 2017). On the other hand, I think it would be better if the founder of Bitcoin will reveal his identity since many countries recognized the essence of this cryptocurrency.
If this might happen, it will contribute for more development of digital currency and regulations in Bitcoin procedures. Also, the acknowledgement must be given for the person who invented the most efficient digital currency in our society.
What are your thoughts?
We don't get to choose, if satoshi wants to remain anonymous then we must respect his wishes, besides nothing is going to change, we do not know who he is and yet the market has grown in an incredible way and the reason is simple because the market of cryptocurrencies does not rely on trust, we do not need to trust in satoshi, if you like you can see the code and you will find that there is nothing suspicious. |
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I do not know how you did it. In the spring, you predicted a drop that no one expected ... Now the capitalization is about 201 billion
There are some good traders in the forum, while many people give predictions based on nothing but their opinions I have seen that those that base their judgment in technical analysis and their experience will get results that are way better than what you could get by just guessing, so it's obvious those people know what's going on and how to make a lot of money in this market. |
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yes, I think bitcoin has reached its lowest point some time ago but I think bitcoin is back pumping even though slowly and probably will skyrocket again like last year which experienced a pretty good increase
It is useless to expect the market to do exactly the same that it did the previous year, I know that everyone wants that to happen again, but I really do not see the market being ready for another bull run like that, so the best thing that you can do right now is to protect yourself and not sell your coins for such a low price, if you do that and you can wait until the market recovers then it's likely that we will reach a new all time high and at that moment you can sell if that is what you want. |
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I was still hopeful at the first half of this year that btc will reach either $25k, $30k or even $50k but all of that has now changed. There is really no all time high and I need to accept that huge money does not get created and poured easily into the cryptocurrency market.
Yes, we are already on the 8th month and the price is still recovering. I am holding bitcoin but I am taking small profits and I am not waiting for it to moon. There are so many predictions about bitcoin may it be positive or negative and I would just take a look at their justification why they think that it would reach that price and then I would use my own strategy trading bitcoin. If it would moon sooner then good but if not then I would just continue to trade taking small profits because at least in that way, I am still earning. I really do not think this is the time to be taking profits out of your investment in bitcoin, the price is too low and it is likely it is going to remain that way for a long time, I know that some people are desperate by this situation especially those that are losing money but there is nothing to do, the market cannot be manipulated be the likes of us and the only thing we can do is to try to profit from its unpredictable movements. But I think that it is the most safe time to get profit from bitcoin investment and trading. Specially for short term traders, because bitcoin price is also fluctuation a lot between 6000$ and 7000$, which can give a very good profit to those people who are interested in short term investors. Well, if what you are looking for is to make money with the short them fluctuations of bitcoin then you have a point, the opportunity is very tempting for those that can really predict what the market is going to do, but I do not want to do that because I am in this market to invest for the long term because I do not want to enjoy some small short term profits and then lose the big long term profits. |
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I think we'll find ways to regulate crypto market. Now crypto is developing and it's very unstable but in several years we'll find a solution which will help us make this system more stable and comfortable to use.
Regulation is not the answer to this market, and the reason is very simple you are your own bank, there is no a central bank of bitcoin that you can regulate so there are less scams in the market, if you want less scams in the market then you need to do your part and take measures to protect yourself from being scammed and if everyone does the same than the amount of scams is going to go down. |
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Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
You do not really understand how this works, if you were to print enough money for everyone then the price of everything will go up, so that is not a solution for the problem, the only thing that we can do is to try to have an education system that is good enough for everyone, that way those that are poor will have a chance to get out of that state of poverty. |
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As some analytics say, both bitcoin and Ethereum have serious problems with their prices and trust of people. Recent survey shows that people tend to trust other cryptocurrencies more than two our kings. Is it the end of the world for them or just usual rainy days that are going to end quite soon? It would be great to find out all the reasons for such things, but it scares me a little, seems too complicated to be understood at once. I do not want to make everybody panic, just want to look at the facts clearly without all these "Ethereum and bitcoin can not die" and "how did you dare to even think about such stupid finish for those two great projects". I do not speak I'll about them and I do not want them to die, but really, let's face the truth - it will never happen or will? What are your arguments for and against this problem? Can 6ou leave all emotions behind and look at the problem from different and unusual for you angle for a while?
If what you were saying was true then those coins will not be at the very top of the market, but that is not what we see, if anything during the bear market we have seen that bitcoin dominance has grown a lot, that is not a sign that people are not trusting in bitcoin, that is a very clear sign that people are seeing that all the market is going down and are investing in the only coin they think it can protect them. |
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if i were you i wouldn't buy any altcoins, i stick to BTc and ETH for now.
This is probably the only reasonable answer at the moment, investing in any altcoin which is not one of those that are established and that have been in the market for a very long time not only seems like a waste of time it is a waste of money as well, money that you are going to need when the next bull market comes and you run out of money very fast because you lost money during the bear market. |
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Because progress does not stand still and now is the time to enter the market !
The sad thing is that most investors will wait till the price has gone up significantly, the best time to buy is when it is dumping, abandoned, you make the best gains then You are right, but something that you must realize is that many of the people here are not professional traders, at best they have read a book or two about how to trade and they know the basics but when confronted with the reality of investing when the market is going down many people are not going to do it because they are afraid that they're going to lose their money. |
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Many things we can't learn in the school it's fact. If crypto course in the school then also I don't think it impact much. Because we get just normal basic info and can't learn practically. This types of things we can learn with good manner just while doing. In the schools who gonna allowed to take risk or allow to dive in the market.
One of the problems that I see with a lot of people is that they think they are going to learn everything that they need to know in school, they do not understand that that is just the bare minimum, if they really want to become good at anything they will need to do their own research, just look at cryptocurrencies, you're not going to learn this in most schools around the world and yet it is going to give you some of the best benefits of your life. |
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The future of bitcoin is too hard to predict due to the regulatory sector and negative news surrounding the market.. Most people are hopeful of better future of bitcoin but with more investors coming in bitcoin would have a booming future.
It is true that the future of bitcoin is very difficult to predict but that is only true if you're trying to predict the short term fluctuations in the price, but when it comes to the long term price of bitcoin it gets easier to predict what it's going to happen, for example I have no doubts that the price of bitcoin is going to recover in the next years, I do not know exactly what kind of price is going to reach but that is not important. |
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Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.
I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way
It is the opposite, the holders make the manipulation of the market harder, since long term holders are not going to sell their coins no matter the price, the ones that make the price of bitcoin and other cryptocurrencies to go down are the speculators, the traders and the panic sellers, and of those three groups the panic sellers are the worst since they make the price to crash very abruptly. |
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