Actually, people are now getting so practical, holding is such a way to avoid from losing but as market fluctuate every time seems to be not in practice. I mean, only few people are now on the way of holding that's why market trend today aren't be predictable and it is very often for changes.
Holding is not the best way to avoid losing because you can still lose a lot of money when you do hold for long term because you cannot see the future that the price will continue to climb up and the best way for me to avoid losing is to have a proper plan for your investment and always have a cut loss target so you will be able to be safe from getting huge losses. The thing is, if you plan to hodl, the market will go up and it will go down with you simply watching. You won't lose then if you're not sellig during a red market. If anything, it even gives you opportunity to buy during those dips. When you hodl you already have a plan for your investment, a long term plan. |
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Some governments are already recognizing bitcoin and cryptocurrency in general. I think the market will be very big in the future. Governments will be forced to accept it and maybe place laws that will make cryptocurrency legal.
I agree with you, bitcoin will more big in the future because its gaining more popularity and its more growing. I also agree that Governments will also accept bitcoin because of its good impact and good profit that people get. Well if we're looking into the long term then yeah all you've stated would probably be what's going to happen. Even now with all the negativities that surround crypto, it's slowly moving upwards. That means that there is already a solid support for for this market which can only grow more from now. |
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Tax evasion could be one of the reason why government is furious about bitcoin and the cryptocurrencies. They think it can cause a hindrance to their economic growth because a person earning in through bitcoin is tax free.
That and probably security. But i think there are already countries like korea that are studying regulations to address these issues. In the long run, these concerns will be hindrances to crypto's growth since without government's acceptance it can't grow to it's full potential. |
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If you love your regular job, then there's no reason you are going to exchange it with crypto works no matter how small the salary you get from your regular job. So for me, it's better to do them both to have a total of good profit at all.
I agree that there is no reason to leave the regular job if you love doing it because it is all about time management in order to have a balance in doing your regular job and also your work in cryptocurrency because that is the only key for us to have a great schedule and to do all of those things in a disciplined manner. And i don't think doing crypto works like bounties will take a big chunk of your time so you can very well that as a side earning. You're not sure if the next market plunge will be for weeks or months and in those cases, not having a job would be financial hell. Keep safe and have options all the time |
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The strategy in bitcoin is you buy Bitcoin when the price in the market is down,and sell when the price is high.
That's also the strategy that I did, bro. It is very good to invest in bitcoin when the price is still low because you can surely get a good profit unlike buying it in a high price. But it is also depends on the confident that you have in investing money in bitcoin. If you have somehow managed to invest your money into the world of the bitcoin and that you have bought some good number of the bitcoins, then you need to work on making some wise strategy which can then help you in making of more amount of money. The best thing to do is to keep on holding all your coins for as long as you can and that wait for the prices to rise higher. Do not sell until and unless you are satisfied with the market value of the bitcoin. I barely see that as a strategy since it's hard to uphold that when you have your instincts panicking. You have to make sure thst before you let go of any of your money, you're well aware of what you're dealing with. Bitcoin needs long term strategy since you won't hit buying high and selling low all the time. |
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I hope that every country follows the rule of printing their national currencies based on the value of gold they hold as reserve except US.It's said that if all of the USD returned at once and asked to pay for it in return as gold,US would go bankrupt.So it's quite natural that in such a case,people would chose a better currency which they could hold themselves and which could not be neither controlled by the government nor could be devalued.That's why,people chose bitcoin which could neither be even hacked unless private keys revealed.Being a decentralized currency,it's value is totally based on the trust which people keep over it.
Yes, it is so true. Dollar and other fiat money are backed up by gold, and that the bank prints money in accordance to the country's value of gold. But for bitcoin, it is backed by people supporting it. The more people use it, the more and the higher will be its value and the more valuable it is. indeed price and existence of bitcoin is supported purely of supply and demand, and there is no such thing as gold. so now if bitcoin is legalized in many countries then price will also increase as demand increases bitcoin in my country is still not officially legalized, I wonder what the reason the government still has not legalized bitcoin. whether there will be a negative impact from the bitcoin legality? Well all I can see the reason why other government still didn't legalized bitcoin is because of scam, there are a lot of scammers that use the name of bitcoin just to get money from others. Well that goes to show that bitcoin or crypto, will make it well through to the future. People will realize that potential of crypto and now is just thr beginning. The more awareness spreads, the people will shift to something that gives them control over their own money. Governments and banks are afraid of this but it's inevitable |
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Have you heard that telegram created an internal cryptocurrency ? Imo this is the next big trend, I believe that amazon, google and facebook will follow that in the future, and Bitcoin will be dethroned
Cryptocurrency has a bright future. Decentralised and hybrid apps will take over the market in the coming years. For that you need to be prepared to have some cryptocurrencies in your kitty. Very soon companies might even start paying salaries in bitcoin/ethers or other cryptocurrencies. Good luck to those internal crypto though. Bitcoin will always be the face of crypto as well as ether and other well establishes alts. If btc will be dethroned then it will be by another alt behind it. If we talk about the future of crypto, it's going to be more like crypto is the future. |
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Most of the people who sell off their bitcoin and crypto holdings during crisis are those people who are just new and inexperienced in cryptos. They don't really know that when they sell off their crypto holdings, they are also contributing to bitcoin's market price fall down.
Well it doesn't seem that people are dumping that much now. Most of those weak hands have probably been shaken off during the first quarter blood bath but don't worry, when btc makes a run again, these fomo guys will be back for sure lol |
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The "JULLAR" platform allows an investor to return money to his pocket spent on Shitcoins and make a decision, leave money in his pocket or redistribute his own funds, to reliable companies, for a crypto community.
I think it wouldn't make any sense. If shitcoins know there are services like this, they won't use the service because they know the funds they get can be taken away from them. Another thing is, people do not need this because a shitcoin is pretty easy to identify and everyone who invested on shitcoins probably deserve losing capital since they are too lazy to do their own research about the project they are putting their money in. But that's just my opinion though. The thing is, there will always be people who will deal with shitcoins because they can be profitable in the onset. Some people really know when to get out after profiting from these shitcoins while other will be stuck and lose. With how much bogus coins are there in the market, i think it will take time ans cooperation from exchanges to mostly get rid of them |
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If bitcoin will reach 10,000 midway this month, then expect something better will follow. It's just like last year during the start of the 4th quarter where the historically drastic rise of bitcoin all started. So while bitcoin is still on the 9,000$ value, all we have to do is just wait.
Even if it doesn't break that 10k point, we still have to wait. Actually i'm ready to wait for a couple of years. Btc is just starting up and who knows what the value would be in 2 to 3 years. The price of btc in the next few months would most likely pale to what it's going to be in the future |
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Definitely because bitcoin is the head of the cryptocurrency they believe in the capabilities that it brings to whole cryptomarket that is why many people don't stop buying bitcoin and continue invested more than what they have because of bigger earnings ahead once the market price strike tremendously.
And why won't theu buy bitcoin? We've all seen thr potential of btc when it peaked mid december. And it can very well happen again. Some people probably got disinterested when the value plunged but that just goes to show that there will always be opportunities to get back in the market. |
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As what the saying goes, never put your money on a single purse. A good crypto portfolio is teeming with potential cryptocurrencies than having only a few. The more cryptos you have, the better chances of having a good profit too.
And it also shouldn't be all crypto. To deversify is also to delve into other markets. Good that you have a diversified crypto portfolio but wouldn't it be better if you also have investments other than crypto like stocks and other businesses? |
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Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think that bitcoin and the rest of cryptos will disrupt a nation's economic stability and growth because if we consider how Japan testified regarding its economic boost when they embrace the technology, then you can see how bitcoin and the cryptos are really helping the economy even to the world's most progressive country. Well at this time fiat is the main currency that runs most countries and if there comes a time when fiat will be overwhelmed by crypto, perhaps the economy itself will be disrupted during the transition. That's just me though, because the transition may go really slow as to not have any effect at all as well. |
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Lol. You know that chart doesn't mean anything right. Out of the bear market or not, btc will move when it wants to without following a certain pattern especially with how volatile it was the past few months. Though i believe the bears have started to move back already but that doesn't mean the bulls are in as well
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Lebron James is so experienced when it comes to do or die games and i think it really helps him in the series between the Indiana Pacers. Going into the series with Toronto Raptors, i think the latter should disposed the burnt James and the rest of the Cavaliers as early as possible because if it will go down the wire, it would favor the Cavs.
I agree, Lebron James is tough to beat come game 7's. He has done that many times already. Maybe they could win against Toronto or their plays may have been being studied by now. That is one offensive team with a speed that is hard to keep up. Their pacing is like the flash. When that happens, they will need to stop a lot of fastbreaks that could make a lead for Toronto. Who will stop them? Lebron is the only one agile enough to go forward and defend. This is the one missing from the Indiana game which made them won the game 6. They need fastbreaks and Toronto is made for that. Even if they manage to beat the raptors though, the cavs will surely won't have it easy against either boston or the sixers. But yeah one thing that will work for the cavs the entire post season would be their experience. Among the semifinalists, no team could match the cavs experience having been in the finals for the last couple of years. I don't see this year's champions taking the larry obrien back to the east |
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I've found that my fallback is simply hodling. However I will often trade to increase my position in a coin I will hold to death rather than sell at a loss. Its improved my returns significantly.
Well people have different approach towards this and as long as it works for them then good. I also favor hodling than trading simply because i can't spend too much time monitoring the market movement. Hodling gives me free reign over my time without really stressing over drops in price |
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Right now, the market price of bitcoin is decreasing and it is really a very good opportunity for all of us to buy as many bitcoins as we can. Bitcoin will for sure rise in the near future and at that time, it will not be possible for you to buy more bitcoin.
Decreasing? Where have you been dude? The value has been quitr steady just hovering above 9k now so i don't think it's decreasing. Though yeah it may be a good time to buy in for this year if you base the movements from 2017 |
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I make trades here and there. It mainly depends on when I see the opportunity to earn money.
It is not every day, but I do it more often than before.
Well me too and i think it's like that for most of us. There won't be an opportunity to get in everyday so i tend to be a bit choosy especially in which coin i'll place my money on. It's hard to be a full time trader even for someone who's been with crypto for a long time |
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It is a bit difficult to predict the market movement but it is possible to speculate some coins and sometimes I can predict it right, I think you need more experience to trade, do more research by digging more source information, follow more group signal for reference, technical analysis wont be 100% correct but you will get a better view of the market if you used more trading indicator
Yeah knowing which coin to trade is as important as knowing when to enter and exit. It's not also a good idea to day trade a coin that's continually on the rise like tron and eos. These are probably coins for swing traders since the movements won't be good for short term trades |
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What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down
I secure it by keeping it to a trusted and legit wallet. I divide the profit into parts which i will withdraw, deposit to bank anf trade. Therefore if hacking happens, I still have money saved. Well i'm not a fan of banks now. If i'm going to withdraw any profits from crypto i'd likely invest it in some business instead of letting it sit in a bank. And a hard wallet is for me, really essential since it's the most secure way to keep my holdings. |
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