Why, until now, government all over the world still doesn't trust bitcoin?
It's not that they don't trust it mate. I think many governments are like that because they just wnat to safeguard the investment or money of their people. As you know, there are just so many negative news swirling around cryptocurrencies, and so, it would not be far off for governments to notify people to be cautious, more so totally avoid investments in this market to avoid the risk of losing their money and complaining senselessly later on. |
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Hello guys, I see that many traders are afraid of risk, and they always want a guaranteed profit, but unfortunately, this gain is always a little in value.
And in many threads, they always ask about "how to make a safe method in trading".
For me, the risk is essential in every field ( especially in trading) to win a lot of money. Furthermore, when you are afraid, then you will never achieve what you want.
Many businessmen/women (billionaires) and successful traders become rich because they take risks.
Come on , overcome the fear, make a risk , we will only live once.
Now the market in crisis, you must take advantage of this opportunity, your life may will change for the better.
This quote is very expressing :
"If you want it, go for it. Take a risk. Don't always play it safe or you'll die wondering"
-Ms.KG
What do you think guys?
I think that risk is always important, especially in the language of business. As they say the more risk, the more rewards. Also, it must be accepted, especially if you have been venturing in the market for a long time that this market is filled with such risks that you can actually lose your investment if you would not be diligent and careful with seeing things through or being able to see the bigger picture. What I am saying is that that risk must be embraced if you want to excel in this market. |
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Well, that's one of the hard pills to swallow, especially if you want to pursue day trading. You have to be closely looking at the market anytime because you may not know when you have to make trades or follow through some leads that would help you gain more. If you would not do that and be stagnant, then it would be difficult for you to chance upon those good changes because, usually, the window for that to happen is very much narrow. |
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Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes it is, I think there will come a time that more and more, if not, all banks would have a department that would be designated to catering cryptocurrencies. I say that because banks are business entities and whenever they see a chance to take advantage of a market, especially when it's in its growing stages, they would surely dive in it to gain more income. Since the cryptocurrency market, despite the many negative things swirling it, has been steadily gaining popularity, it would not be surprising to see more business companies like banks to jump in its bandwagon. |
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We have come to a point where people who entered the market in Nov/Dec 2017 are starting to lose faith. Some of them are selling and some are still in the game but thinking about doing the same. This is because the crypto craze has reached it’s peak in that period and people were throwing money at any coin that was showing even a small sign of potential gains.
All of this fear of BTC never reaching it’s all time high again is causing the price to drop and it will probably continue doing so until at least one crypto project finds mass adoption. Will it be Ethereum or Bitcoin or some other coin, we can’t know. Ripple has the biggest chance right now since they are the only ones trying hard to sell their product to banks and money transfer agencies.
To keep this answer short, I think BTC will go a lot bigger than 20k but time is a big factor now. The media won’t talk as much about BTC until it starts growing again but it can’t grow without media coverage. Mass adoption will bring new investors in, this will alert the media and if crypto finds a place in our everyday lives you can expect BTC to go a lot over $20k. I personally believe that it can hit close to a million per coin but only if cryptocurrencies as a whole become adopted worldwide. If they fail at mass adoption we could see BTC going back to hundreds of dollars or even less.
I think it will, in time. It's just a matter of convergence of all the factors that have the capacity to help it grow and rise up in value. If those factors will collide once more like what happened in the last quarter of last year, then it would be a good turning point for this market because the people who are holding Bitcoins would surely have the chance to make it big by disposing off their held Bitcoins, which I am sure, they have been patiently holding for a long time. |
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I noticed that many investors were afraid to buy during ICO because their reason they are cheaper can be bought on market. Especially when they found out that a large percentage is allotted in the bounty program. Many Bounty Hunters immediately selling token/coin even lower than the ICO price.
#Datarius
I think it's better to buy in the ICO period, more so during the pre-ICO stage because of the fact the coins or tokens is not yet in the full value or "market" value so-to-speak. And also, in the market stages, that's where the coin would begin to gain traction to increase value, therefore, it would not be practical to buy in that stage because of the fact that it might actually required of you as an investor to shed more capital and money, which is counter-intuitive to what you are aiming to buy low and sell high. |
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Bitcoin is simple, and that's what people like. People want to store value, move value back and forth, and if possible, at low cost. Altcoins have been offering all sorts of gimmick features throughout the years, but 95% of the people aren't interested in using these features at all, which once again points out that it there is no such a thing as Bitcoin being outdated.
Another aspect I see people complain about, is that Bitcoin's transaction fees are so expensive while altcoin fees are so insanely low. Roger Ver did that too, and he even made fun of Bitcoin various times in his streams as well. People should understand that the only reason altcoins are able to offer cheap transaction fees is because barely anyone is using their networks. High fees = high demand for block space. Low fees, or even no fees = low to no demand for block space (ie, coin is practically redundant). While I don't like altcoins, I do like their presence and the global interest in them. It's impossible to point out exactly, but the altcoin market makes sure a very large number of Bitcoins are taken out of direct circulation, and that makes sure there will only be more coin scarcity in the coming years. In other words, booming altcoin market is great for Bitcoin as well.
I agree with some of your points mate. While the general rule is that Bitcoin is the leading cryptocurrency at the moment, no one knows how long it can reign. There are so many different coins in the market that one can't discern how others would unfold. One coin, for all we know, could gain so much support and that support transcending to transactions can really bring that one coin alive. Bitcoin is the pioneer, so it is expected that it would be the first to gain attention, support and it would also be the trial for all users of cryptocurrencies today that has led to its quick rise. If a coin would take the same path, then undeniably, it can come to a point when it can beat Bitcoin. |
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1.Only invest what you can afford to lose.
2.Never invest in something you don’t understand.
You won’t immediately understand everything, that’s ok. Do some research.
3.Don’t day trade unless you spend a minimum of 6 hours a day on the markets.
4. Be patient and buy it on sale.
I agree with your points. However, it's easier said that done mate, especially in this market. You can say that you can follow those points in order to make it big and "effectively" trade, but then again, there are so many other aspects to consider which can actually affect how your venture would play out. This market is unique in the sense that there can be so many other things affecting its value and how it would continue on as an asset compared to other currency market systems. I think one aspect to at least ensure an effective trade is by choosing the coin that have more chances to gain and checking out the market in terms of how beneficial it can be to your coins of choice. |
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Is it true to state that every successful trader is an educated trader. We know how trading is tedious,reading of chart, analysing the market and making a decisive decision. Do you agree any successful trader must be an educated?
I agree. Having knowledge about how the market works and what assets to trade for is always a plus to ensure that you can actually have more successful trades. It's hard to just wing it in this market because of the reality that it is imbued with so many alleys to make you lose your investment. And so, it's not so easy to actually be successful, especially in the trading market without possessing the needed knowledge, experience and weapons to go after good deals. Knowing what to trade, when to trade and when to be patient are all but important characteristics a successful trader should have. |
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Competition between local currencies Vs crypto currencies are in peak now. Crypto currencies have occupied currency market causing local currencies enforce (banks) banning of crypto currencies. We can see number of investors have turned towards to bitcoin and other crypto currencies with large scale. Will there be a chance / time bitcoin and other crypto currencies rule over currency market and local currencies get disappear slowly in a decade or two?
I don't think so. Local currencies have a long standing history with their own locales or countries to speak of, therefore, it's not easy to actually dethrone them because they are more establish, and simply, people trust them more than cryptocurrencies. Although cryptocurrencies reach far more than some currencies because it is used globally, but when it comes to the conversation of one country, their currency is more trustworthy for them. |
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What's your approach towards Ripple? I can see both sides making sense.
For me, I see it better for a short term type of coin, I say that because it's value is not that much that an investor can get much of them, but its movement is as good as any coin may get in that tier of value. Also, it's easier for low-valued coins, but established in their own way, to get some value quickly and their rate of movement is also quicker compared to those higher valued coins. Therefore, if you can capitalize on those times when they are doing something good in the market, then they can give you substantial profit short term. |
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Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation.
Cryptocurrency actually has that kind of capability to be somewhat an insurance; however, the main and glaring difference is that, for insurance, you get to have a contingent fund, while on the other hand, cryptocurrency can be stored and be used similar to how an insurance fund works, but since the market is volatile, its values may not be as standard like an insurance have. Also, insurance funds are safer and governed by law for the protection of those who avail of it. So, if I may suggest, I would got for both, don't pull out your insurance solely to be invested on cryptocurrency, because at the end of the day, it's not as safe and reliable. |
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Strange times we live in. Crypto speculation, YouTube views, paid content. Yet no real contribution to the human evolution. A good professional is getting harder and harder to find. This generation is full of fucks who pose on YouTube, unboxing shit, and earning 100k dollars per month. Or "great economists" who are betting on a zero-value digital coin. This is insane. Go get a fuckin job, get a degree, go invent and participate in a project that has real benefits for our technological evolution. You are chasing ghosts and the next generations will have you impaled as the idiots of human history whose only occupation was to gamble and make selfies in moronic view-hungry vlogs on the internet.
So yes, hold your currencies like your life depends on it. Shallow and boring.
BTC < 8k USD. The measure of our generation...
Well, it's dwindling right now, but then, I don't see it as a time to say that the bubble has popped or that the cryptocurrency trend is over. I say that because there was one point when it fell down to as low as 6k dollars and look at what happened next, it rose back to 8k, and then 10k in just a month or so. The trend of Bitcoin is just like that, it gains then it falls, it sleeps and stagnates and then surges back. In the many years I have stayed in the market, I have observed that time and time again, so I am still staying positive. Although I agree with your point that this market can be your main bread and butter, a full-time job should still be there to support your constant needs. |
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there're no 'safe' place for you whenever you're entering the cryptoland.
because everything can be happen with it,
it's because of the project lack an attention from people or regulation or even because of the exchange itself.
i think,
it would be better for you to keep your Bitcoin until you understand how it works.
compared to other,
Bitcoin is much more 'stable' and 'reliable'
I agree, but I have to put a definition on the word safety, especially in this market, then I would go for those coins that can be invested upon with less chances of losses. Then, I would say go for Bitcoin, as the primary medium, because it's the best coin in the market. It's that simple. The price, the marketability, the support it commands and all other positive contributory aspects an investors wants to see in an asset is more or less held by Bitcoin. So again, that is premised on "safety", which is virtually non-existent in this market, if you know what I mean. |
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I was wondering what's minimum / ideal amount of BTC or ETH I should have in order to start trading activity
If you have any idea or just want to share your first experience in crypto trading, feel free to write them bolow
The amount is not the consideration for questions like this mate. The better question to ask here should be directed at you, it should be like, "How much are you willing to lose?" To me, that is the primary and the biggest consideration one should take before shedding out capital for trading. I say that because the trading market is one of the most aggressive departments of the cryptocurrency market, therefore, it's only fitting to accept that such market is filled with losses, especially if you are not ready with the business and trades you're going for. |
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For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?
Unfortunately, trading and me, I think, are not fit for each other. I have lost a lot because of trading, that's why at the moment, I opt to just go for investing and holding instead of day trading because this market is just so hard to gauge. Also, I think that since there is more time when the market is not doing good, it's so hard to brave it out and still do trading, because in this dire times, what can you actually trade for when all the good coins are falling in value. For now, I choose to be on the safe side. |
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Good read and considerations mate. But, let me tell you this, in this market, any time may be a best time, but it actually doesn't depend totally with what's happening in the market, but it more so depends on the capital you can shed. In any business, whatever the landscape of the business sector is, most often than not, it can be overpowered by the money involved in the business. As long as you can support your investment and eat up some losses at times, then you can have the capacity to earn, especially in this market that can be won by patience. |
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We probably have multiple alts that one could consider as better version of bitcoin but as you're noticing, bitcoin is gaining more popularity and a fast growth. The price is not a measure of a coin success so what I'm referring to here is the the number of ATMs, exchanges, stores, services, and people accepting it.
So even If we have some people using alts currently because they believe they are better then bitcoin (which may be true), bitcoin is evolving and the development is super active and exciting times are coming. I honestly believe that this make alts useless (say, by the end of the year), your thoughts?
It's so easy to think that way because the relationship of Bitcoin with altcoins are usually inversely proportional. I say that because it's always so difficult to see that there is a chance for altcoins to do good in the market, especially if many of them are falling down to the point of no return. Even if that is true, we cannot group all the altcoins into one department that are destined to fall off the cliff. I say that because there are still some coins that are priced enough and can hold their ground in terms even in the face of a market that is falling apart. Having said, altcoins are what gives Bitcoin competition that, in turn, helps the market stay afloat. |
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I know that it varies from people to people and their strategies but there must be some important and basic points which people tend to forget all the time .
Of course I don't want you to reveal your trading strategy but some good tips that would really help me out.
I think if you are aiming for efficiency, then you should therefore study all your trades to make it all worthwhile. Also, it could be good if you would actually diversify your trades, trading less but covering many different coins in the process. At least, even if you lose in some trades in some coins, you still have other coins that can give you good profit, and so, you're total profit could still be a success so-to-speak, instead of having a rigid margin by way of trading only a few coins. |
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What do you think about this possibility ? Would you invest in your government currency ?
It surely can because it has the capacity, more so the capital to invest in it, especially if they can prove that such investment would add up revenue to the country with consideration of the time it needs to mature. And yes, I would surely invest in it because as they say the government, no matter how rich the country's populace is, is still the biggest and most powerful business entity in a country. Therefore, in its locality, it holds the power to keep the coin they created in good business standing that is always good for an investor. |
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