I never thought ethereum would die even though prices continued to decline, there are still many holders who still believe in ethereum because of the potential that ethereum has. I believe that ethereum will be able to go through difficult conditions, and I have no doubt that ethereum will have a bright future.
There is not a legitimate reason to doubt ethereum, I know that some people are nervous about what it is happening but during the next weeks we are going to finally get the upgrade we have been waiting for months and that is surely going to make the price of ethereum grow up during the next months so if you have not bought ethereum this is a good moment to do it.
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I think that is one of those things that even if not everyone admits it we all regret if I had sold my coins at the top and then I used the fiat to buy bitcoin I will have 5 more coins than what I have now, it is incredible but just taking one decision could have changed completely the amount of coins that I am holding so without a doubt I regret not doing that when I had the chance.
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Some time ago, I finally realized that I had better refuse from investing in Bitcoin for a while. Now I have chosen a couple of projects for myself, and I invest in them. One of them is the Etheera project, a Swiss project related to real estate, which in my opinion now has the greatest potential among projects in this area.
I disagree, if you are not getting bitcoin now then when it is the right time for you, many people made the mistake of buying bitcoin when it was very expensive and now that they are presented with the opportunity to buy it for a cheap price everyone is afraid, it should be the opposite, anyone that buys bitcoin now has low chances of losing money and very high possibilities of earning it during the next years.
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Long terms holders are not idiot hnce they are asset of the crypto and also money maker. If there was no long term holder than crypto loss their place within a day or two. But that is not happening. Now a days long term holder decreasing that's why price decreasing too. Price can only move if there is long term holder and new investors enters into it.
I agree with you. if there are people who feel that the coin detainees are stupid people, then in 2016 - 2017, they are geniuses. well, we can't draw conclusions when prices have gone down, and say they are geniuses when prices rise. however, I always respect someone's decision, whether it's holding a coin in the long run or not, because we don't know what they are planning. Agreed, Everyone will be having their own prediction and the plans to be executed with the support of the cryptocurrencies bullish market. Expecting such thing people go with long term as well short term holding unlike the price. In this regard one should not term a long term holder an idiot. If you consider the richest through bitcoin, majority of them were long term hodlers. We have different opinion about long term holding, well, for me, I hold long term and I'm not idiot. I don't really care if people are saying that we, long term are idiot because we are not here for each other, we are here for the money. So, regardless of our strategy, it does not matter anymore, what matters is the result, which is profit. I agree, does it really matter how you got your profits? I do not care if I get profits holding long term or trading as long as I have more money in my bitcoin wallet I am happy, so if a person realizes he is not good at trading and holds and gets profit that way then he is taking the right decision, after all it is not like trading is easy and only gives profits.
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Not if you sell it all and you dont have BTC in your wallet. We are on the other side of the wall for now but when the time comes, we can be happy to harvest our hardships on crypto. Just have more patients and all will come after. Dont sell everything. Acquire more if possible.
We can still get huge profits with bitcoin but it seems some want to get huge profits without taking risks and that is not something possible, if we want profits then we need to take the risk and invest in bitcoin now that its price is very low, and if we can hold our coins for a long time then our profits could be incredible, in fact if you buy at 3500 it could be possible for you to get 10x your investment during the next years.
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I'm using cryptocurrencies mostly as an investment, I have used them to buy some products and services in the past but most of my money is just sitting in cryptocurrencies doing nothing which is exactly what I want, I really do not trust in banks and I do not want to give them the ability to keep all my money just because I choose to open an account with them so I keep most of my money in bitcoin.
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We know that the market fell greatly last year by about 85%. Up to now, it hasn't been recovering. For the ICOs, however good the ICO is, those ICOs are greatly affected by the down market. So, the primary reason why even successful ICOs fall in prices of ther corresponding coins.
No one really believes in icos anymore, the people behind those icos can say whatever they want and can make all the promises they can think of but that is not going to convince people to invest in their project because they know the coin is going to fail, and when investors know from the beginning that they are going to lose money it will be impossible to make them invest.
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When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.
First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).
If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.
Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.
Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
Merry Christmas (if you celebrate) and a Happy New Year to y'all.
Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.
Anyone doing something like that is going to eventually lose his money, you cannot really expect to get monthly profits of 10% to 20% by just investing in a coin when it seems that is going up, trading is a lot more complex than that and if you do not learn about technical analysis you're going to eventually lose all your money because professional traders are all masters of it.
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Now ETH is one of the attractive prices, soon fork, can also increase the value of the coin.
lol. Eth has infinite supply. No matter how many fork they do, the results will be the same for both the forked coin and the original--depreciation. It also has problems in scaling which makes it not good buying if you plan to hold long. That is definitely an issue, but I really suspect that in the future the developers are going to eventually put a limit to the amount of coins that ethereum is going to have as its supply, but at this point in time you are correct but even with that huge issue we cannot deny that ethereum is one of the best coins and it will give you profits during the next months.
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I have about $2500 to spare And I want to invest into a coin Please help me decide on one of these coins
1. VECHAIN. VET 2. ICON. ICX 3. PUNDI X. NPXS 4. MONEYTOKEN. IMT 5. BASIC ATTENTION TOKEN. BAT
I intend to keep buying some of these coins with spare Money as time goes but can't make up my mind on which to buy first now
Your opinion will be highly appreciated.
You did not told to us what is your strategy, you are not telling us what you're trying to achieve, it is obvious that you're trying to make money by buying any of those coins but do you want to earn money during the next months or are you looking for a strategy of holding your coins for a very long time and selling them after years of holding them? Depending on your answer the token that we could recommend could be different.
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Hello, the opinion of the exprets is one thing and your decision is the second one. You have to decide yourself. Even though the Bitcoin price is declining, i would definitely not sell it. I'd rather keep my bitcoins and forget about them for a long time. Even if the situation is unfavorable now, everything can turn over time. And you'll be glad you did not sell. Definitely i would not forget at all crypto-world, still have a lot to offer.
Forgetting about your coins is not really a strategy that I will advise to anyone, those that forgot about their coins got two different kind of results, those that invested very early in the life of bitcoin got a nice surprise when they remembered they had some bitcoins stored in their wallets but most likely if you forget about your coins you will only remember that you have them when you see the price crashing and at that point it will be too late to sell.
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Shorting allows us to make money even in the bearish market but even experienced investors can lose money if the bearish market is not certain. I have observed that usually, price starts floating around a particular price band and that causes losses to the short traders trading with the margins. There are some websites where you can short sell Bitcoins but putting stop loss is a necessity to avoid further losses if things started going in the opposite direction.
Shorting can be very profitable but it is not something that should be tried by those that do not have a lot of experience when they are trading, it is very easy to think that you are going to make money when the price is going down but for what I have seen most of the traders that tried that strategy did not become successful because it is very difficult to predict when the price is going to go down.
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Bitcoin price drop in 2018 because many market panic with many fake news in media. I think its our opportunity for buying bitcoin at cheap price. I am believe bitcoin price will recover again in 2019 because i think good news will come
The price went down because it had to, what we experimented at the end of 2017 was a bubble and it is impossible to deny it so to try to blame the media for what it happened is a huge mistake, we need to be clear about the reasons that caused the crash because if we are not then how we could possibly predict accurately when the next crash will happen.
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Always see the price of the market and see How the graph moves that you can buy and sell specially those coins to choose before entering in trading, its important to pick good coins to trade.
You left out of your post the most important part, how do you know which coins are good to invest? How do you know when it is the time to sell and to buy? Those are the most difficult questions that most traders have and the only way to answer them is to do everything you can and read all you can find about trading and then create your own strategy based on what you read.
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In day trading as you can see each tokens in the market that you have chance to choose every coins that growing up everyday in coinmarketcap is the best coin to buy in every your gonna trade so join up if it's pumping.l for its price.
I know that every coin experiences price changes up and down. but not all are good for day trade. especially if you are looking for safely and avoid shit coins. then look for coins in the top marketcap. trustworthy and price changes can benefit to you If you are looking to day trade then you only need to look for the volume of that coin, you do not need to worry that much about the long term prospects of a coin since you are not going to hold that coin even for a day so do not waste your time on that, however day trading is the most difficult way to trade and should only be practice by those with experience in the markets.
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Bitcoin and other crypto currencies are becoming more accepted these days.
Why then, is it so bloody hard for the average person to learn where to buy it? Is it because it's considered "dirty money?"
Your opinion?
And where you live that is so difficult for you to buy cryptocurrencies and what payment method are you trying to use to do it, buying cryptocurrencies with cash has always been very easy where I live and you do not need to do anything or to identify yourself but if you are using something like paypal then be prepared go have to go through a lot of trouble.
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The answer upon the question "Why should do banking on Blockchain" is already hugely discussed. I am more interested on the question "How to make cross-platform transactions easily while still ensuring the privacy and security".
They do not want that, they want you to only use their systems so they can have complete control over your money and your life, so while I can see why people want that since it will be convenient for them, banks do not want that and we should not expect a huge leap forward, so we need to keep pushing for the direct adoption of bitcoin and not worry too much about what banks do.
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This market really can't possibly keep going lower. All the crashes in crypto tend to shrink the market to 10% of it's size during the height of the bull run, which basicaly leaves us where we are now.
The price still could get lower but the room for that to happen is shrinking, so this seems like a good opportunity for those which like to invest and not take huge risk to invest in the market since the chance they lose much money during the next months is not high but the potential profits they could get in the future are amazing by comparison.
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
If bitcoin was used as the main form of money around the world then it will not be volatile at all, he is trying to deceive people into making them believe bitcoin is volatile by nature when that is not the case, the huge volatility comes from the fact that only a few million people individuals are using it and most of them are just speculating with the coin.
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When the price falls, just simply accumulate as much as you can and wait for the bounce back of the market then sell. That is what traders do if they see an opportunity they grab it. They don't just buy something that is out from the trash they buy something that has a worth while holding it for a couple of months or years.
But for that you need to be confident in your abilities as a trader and for that you need to have accumulated profits over the years which allow you to take those kind of risky decisions but such a tactic is something many cannot do because they lack the confidence, skill and patience to pull off something like that and they need to find some other strategy that gives them those profits.
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