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Bitcoin ETF has been denied in the past and yet bitcoin is still here. There might be more etf denial or rejection in the future but I do not think it will end bitcoin. ETF is not the deciding factor. Those who believe it will end bitcoin is only here for instant profit and do not have any fundamental knowledge about bitcoin or the technology behind it.
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This is a vicious cycle in bitcoin. Every time it hits a new all time high, it dumps the price by more than 50%. But I do not see the price right now as bad. Actually, if you compare the price last year, the same month, it is still in positive. Those who says the current price is bad has not been here when the price was just in hundreds. I see the price still above 6K, I am happy even it is a bear month or year. I know at one point it will turn around and it will be bull again.
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A weakening dollar may mean a stronger cryptocurrency. But it does not have that much effect unless there is already a strong support for crypto. Adaptation of crypto is still very low in a worldwide scale. So even if the dollar weakens, it does not automatically translate that bitcoin will pump up. Maybe Kiyosaki is right but it is still a long way to go before it can be realized.
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I used to be so hopeful for a bullish bitcoin.But now, whether it likes let it go up or down I don't care as long as I take advantage of the move, that will be alright by me... And that's what trading should be... No emotions or bias attached.
easier said than done. You can read that on every textbook there is about trading, but they also say that it is hard to control and only real trader with significant experience can muster it. And even then, they still fail from time to time. If you are a newbie, do not just jump in and do what OP said. It needs a lot of technical knowledge before you can do it. |
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Maybe in the beginning it will push the price up. That is only while the hype is on. That always happens when there is something new about bitcoin. But when the dust settles, I believe it will not have that much effect on the price of bitcoin. It will be just another long and dragging correction and consolidation after the hype.
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In my personal opinion only few coins like bitcoin, ethereum and few other coins will last that long, all other faster then bullet, partnership coins,and many other shitcoin will die. what you think?
And many more will be created to replace those that have died or lost support. It is an ecosystem that involves money. If one project fails, they will try again to build another until they finally succeed in duplicating the success of bitcoin. The question should be, would the major coins that is alive in 2025, actually better than we have today? I hope so. |
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Lebron is named as the best player in the planet for a reason.
The reason why the warriors dominated his team because it has a squad of a superstar players, Lebron take the cavaliers to the finals,
that is a better achievement for me.
I believe lebron was able to bring the cavs to the final because he is playing in a weaker conference. There is not that much competition for him in the East. This year around, it is different. Let us see if he can still carry his team into the finals now that he is in the West. |
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During the tulips mania, tulips value rose very high but not because it have value that will support the price but because it was hyped. There is no real value in tulips that can maintain the high price so it falls.
The hype for bitcoin last year can be compared to tulips mania in the manner the price suddenly rose. But it can't be the same because bitcoin has its technology as its value. We can see that even when the price drops, it still have strong support at above 7K.
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The worst case scenario is when miners lose interest in mining bitcoin and we become vulnerable to 51% attack. Even if the price is high if there is no miners to protect the integrity of the blockchain, our bitcoins will be useless. Price is just a reflection of how great the blockchain technology is. Even if the price falls but the technology is intact, it can recover.
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With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general.
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
I do not see anything wrong with this kind of promotions or contests. This gives inspiration to do good trading. If you lose, it may just mean you are not good in trading because of lack of knowledge or you are just very unlucky. The only concern I have with new exchanges is if they run with the money of their users. That would really put a bad pr for cryptocurrency. But other than than, new exchanges gives options and their competitions gives opportunity to earn. For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
It is not gambling if you know what you are doing. |
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Most of the common people think that bitcoin is used only by hackers and criminals,even one of my friend said that it is used by hackers when I am telling about crypto currency to him.Later I explained what is bitcoin and other crypto currencies but still he confused,he can only get what is bitcoin when he research about himself.
In this situation how can we explain that what is real bitcoin?
Bitcoin and crypto-currency is now widely being used as investment instrument, mode of payment, etc. His view of bitcoin and crypto-currency is already outdated. There was a time that is used heavily used in shady websites for illegal transactions, but that is not the only use of it. Feed him with documentaries about bitcoin so he can know better. If he still refuses to acknowledge the value of bitcoin, then give up. You cannot force crypto to anyone. |
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Since crypto is very new concept, it is regarded as very risky. So for now, we can say that the risks outweigh the profits or benefits that we gain from it. There will be time when these risks will be lessen. For risk taker types of investors, crypto is a good earning ground. But for those who do not want or just have very little risk tolerance, they should stay away from crypto for now.
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I just decided to post about airdrops.. i know still lot of members are not trying it. so we can motivate new crypto members to do airdrops and earn good money. also help to promote those projects too.
My biggest airdrop was HYDRO project airdrop. it was worth $500 when it listed in exchange few weeks ago. but now its worth more than $3000. so still im holding it.
a one good airdrop can change your life. so try more and more airdrops daily to catch gems.
There are some good airdrops but there are also just scam airdrops trying to get your personal info or private keys or scam you with some eth. So if you are a newbie, better beware and avoid airdrops with a lot of kyc or asking for money. |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
Get as much as your budget will allow you. Crypto is a good short term investment right now and we should take advantage of it. It is always recommended to diversify your portfolio so to minimize your risk. I suggest get the top coins for your portfolio. |
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