Value of a service or an asset is only determined by people. People tend to give more value the things that are useful, benefitable or promising. I think that cryptocurrencies have a potential to make our life easier and they offer many opportunities. I don't say cryptocurrencies are perfect and there are many things to criticize. Since cryptocurrencies are not a part of traditional market or economies, people like you may think that they have right to look down cryptocurrencies. But you don't have this right.
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To see some slight difference between avarage values of BTC on exchange sites is not so important. Also, BTC price is very volatile and it causes an extra bias on avarage prices.
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Area of usage of bitcoin technology is limitless and it can be applied to any field. We will see and use many applications in the near future.
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Anyway to introduce cryptocurrencies to ordinary people is useful. e-commerce area is the best way to reach people. As people start to use cryptocurrencies in their daily life, they will be used to cryptocurrencies and demand from their governments for the acceptance of cryptocurrencies.
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These figures are very good to show the real trend of bitcoin price. But tbis can't go on forever. While people's expectations don't become reality, people start to lose their patience. If we don't see a progress in fee rates and transaction speed, it will not good for the future of bitcoin.
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These people are experts to overcome many problems but they couldn't find a solution when it comes to cryptocurrencies. Although they couldn't find a way get out, they are trying to evolve cryptocurrencies, especially BTC, to something they use them for their advantages.
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Right now, Most people see bitcoin as an investment tool. If these people see that bitcoin is more accepted, they'll be glad they more for gaining profit than changing world's traditional financial system and nobody should blame them for their feelings. In the team of bitcoin supporters, there are varied thoughts not shared by all team members but it does not change the result.
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It is sure that there are many investors who would never return their money into a bank. But hodling everything you have on one asset is very risky. I don't only mean hodling your savings in BTC, I mean hodling your all savings on only one asset is not a good idea. We must diversify our investments in order to decrase risk. I suggest you hodl until price of bitcoin increase enough to sell. After this, you must sell a part of your investments and invest your money at least three different assets.
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When you think about bitcoin, I mean its original aim, technology, and potential effects to financial system, it seems like something to be sent from the future. Doing tranactions and payments without banks or financial institutions. But it is overhyped and it is made a investment tool by people (by us). There are a lot of coins and tokens that doesn't do much so much and nobody knows why they are worth millions of dollars.
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Since its market cap is not so small necessary amount of money must be so much in normal circumstances but we all know that market prices are struggling with bear market over the past months and I guess a ten millions of dollars may change everything. It is a good time in order to seize traders' minds and influence behaviour of traders.
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It is for sure that is a manipulation and there's a group of greedy people to make the market worse. They don't care about reputation of crypto currencies and develepment of crypto market. They are aiming to win more and more by manipulating market.
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Right now, "bitcoin dominance" doesn't matter so much. If price of bitcoin drops others follow it, vice versa. It is a indicator for crypto market and determines where crypto market goes. There is no need to say more about it.
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Bitcoin can't be an expression of collective free will anymore. Because there is no a collective will. I can only see that most of people in the crypro market are greedy people who want to gain easy money. Bitcoin community experienced many collapses because of these people. There wil always be some groups who manupilate the crypto market.
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At this time, I am sure about that people re-think about why they bought BTC and most of them regret for wahat they did. People who regretful are doomed to lose and brave ones are going to be rewarded as usual. According to past experiences we have, BTC will find a way to come back.
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It is open to speculation and you may experience a huge drop just in a day. It needs to an internal control system in order to avoid from price-slides. Also, it's not easy to buy or sell bitcoin.
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There are so many people who are not used to such dramatic falls and making people informed about the history of bitcoin is a good idea. For people who have been following bitcoin prices for a long time is not new but this table summarizes cycles of price of bitcoin and it brings a new perspecitive to Newbies. Thus, we should just keep strong. Also these cyles are not only happening in crypto market.
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There is no evidence to say bitcoin and stocks market has a direct or indirect relationship in their trends. Financial markets are affected by each other and everybody knos it but this theory doesn't work for bitcoin. If market cap of crypto currencies increase in long term, we may see a connection between Nasdaq and cryrto market.
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Whether you invest in a cryptocurrency or a real business, you must have enough experience and knowledge before starting to invest. I suggest you work as an employee for at least a year in the sector which you consider to invest. If you consider to make a crypto invest, start with a small amount of capital and wait until to gain enough info and experience in crypto market. That may also take a year.
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Newbies want to be rich in a day and lose so much money. They have to learn more about crypto and put theirselves a limit to buy or trade. For example, they can limit theirselves not to invest more than $500 for the first six months. ıf they do well, they can increase a mount which they have invested.
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Since blockchain technology can be adopted into any field, there are so many diversified ptojects. But there must be a system in order to pre-eliminate useless currencies and ICOs. We see taht good projects which are actually created for doing benefitial thing are affected badly because of them.
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