Yes just hold the coin until it become fully recover and reached new all time high is the best way to do this time because every time in the market when it dumps there is always a pump that is possibly reaches new all time high. This time also is a good time to buy more because it is a good chance to enter in the market at low price and dumping is normal at the market and we should not worry about it, if we know what is the real project of the coin that we are supporting because it help us to focus only to the positive outcome of the project in the future that can possibly give us a good profit.
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There are still a lot of quality bitcoin supporters in the market but now there is also a lot of bitcoin investors who do now understand the project or what bitcoin even is. They do not understand the chart and see that this is normal market movements and so any drop in price scares them ane they start to panic sell but the main bitcoin investors still remain
Yes there are a lot of bitcoin investors who doesnt have enough knowledge about bitcoin that can cause a panic selling when the price suddenly down because these investors are the type of investors who are wanted to join in the trend without having an enough study and learn all about the bitcoin that can cause them to loss money. It is important to know what bitcoin is all about so that we can use it to support bitcoin whatever news or happenings are happen that can affect the market and this knowledge also help us to hold bitcoin or buy more if the price goes down.
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Now I feel worried about the future of bitcoin and crypto in general because every time there was a price correction I saw most people are not worried about the price and they all had the same opinion about it, they all said to wait and hold your coins or buy new more, but now I see that there are different opinions about it, that makes me really afraid of what happens now.
is it serious guys that it is over or what?
For me, just hold it because after all this correction there is always a pump that may possibly happen and this time is a good opportunity to buy more because it give us a chance to enter at the market in the low price. Research bitcoin first so that you didn't feel worried as the price goes down because you know that bitcoin can be possibly recover anytime because of huge community that supports the bitcoin.
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So are all altcoins are dying or there will be no hope for new projects..? the market is now so bad...
it's starting to recover again now, all we can see in the market is green right now, there is still a hope for new projects, as long as the project itself is a great one, have a great developers, so that people will invest in that project, there is still a hope Yes there is still a hope, as we study the market price history every dump there is a pump that can possibly happen because it encourages investors to invest in low price and make the demand huge. The project also affecting the mind of every investors to encourage them to invest because they know that there money invested will be having a good outcome and become useful if they invested on it.
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The news that is being spread in the internet is one that affects the price of bitcoin the most because many people now are searching everyday on the internet about bitcoin. When they saw a good news then they will buy and if they saw bad news, they will sell their BTC (Weak Hands).
One reason is the whales who are pumping and dumping bitcoin in short "manipulators" (for me). I think bitcoin has been manipulated by a large group of rich investors and that is the reason why bitcoin doesn't rise in the past months.
Yes one of the factors that affects the price is the news because it spread the awareness to the people who doesn't know anything about bitcoin that encourage them to invest and news also affects the mind of every investors that can help them to minimize the risk of lossing a money and know what is the latest happenings about it.
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Do you have any good reason to believe that the crypto market is going to grow this year? Do you think we may end up in all red? I do not see the growth and happy investing of last years.
For me, We didn't know that because everytime there is a changes in the market and that changes is a good time to buy more or sell the coin when it is high. Decreasing price of coins is normal and we should use this chance to earn more profit. The news also affecting the price of coins and we should updated on it so that we can think a move to earn more profit and minimize the risk of lossing a profit. We also know that every dump of coins there is always a pump that enables and encourage every people to invest and hold it for gaining a good profit in the future.
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I know how you feel. I never really look at Bitcoin's price unless it makes news that it hits an all time high. Just keep on using Bitcoin for your daily financial transactions and share to other people so that mass adoption follows. Eventually, price will get higher when more people use it.
These days, is good time to buy more bitcoin and ignore those losses because it will become going up again anytime and Yes, the more people adopted it as a mode of payment, the higher the price it is. Let us share bitcoin to other people so that they can also use this and the price will also increase that make us happy even the price goes down we are still happy because we have a chance to change everyone's life just by sharing the bitcoin that can change their daily life.
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It would be great if we will use social media in promotion in bitcoin we all know that social is the most influencial and powerful tool nowadays. There billion users of social media worldwide so it would be effective to attract more customers and new.
Yes social media now can influence every people on which we can be easily knew the latest trend that can be help us to promote bitcoin. The social media can also be a big help to aware the other people that there is a thing that can change their daily life just by using or holding a bitcoin on which they cannot get in their ordinary life.
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They say bitcoin is illegal but because it is more convenient for them to have their transaction. People nowadays dont want to fall in line to have their transaction because they dont want to get hassle so Because of the use of bitcoin they can easily transact, pay some goods and buy online stuff without having any hassle even when they are doing something. That is the reason why the use of bitcoin is growing and growing day by day.
Yes having a fast transaction is one of the reason why there are many people using bitcoin. The other reason is that they can grow their money in bitcoin even they didn't work or just by holding it because the value is still rising that encouraged many people to use and invest even there is a high risk.
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Hello fellow community members,
Recently I saw lots of people announcing new altcoins. They're planning to launch ICO soon. But I was wondering if we should invest in ICO with proven business which will reduce the risk of our investment or go big with ICO project that we believe in but it starts from zero?
The trend of ICO is everywhere and lots of SCAMS is happening. Therefore, viewing ICO from risk management perspective is also important. What do you guys think?
"Price is what you pay. Value is what you get." - Warren Buffett
For me, it is good to invest in the ICO on which have a proven business because we know that there is a active team behind it that makes there project become successful in the future and there is a lesser chance that it will be turning into scam unlike the ICO on which is going to start because we doesn't now if they are serious in their project that makes every investors doubt if they are investing on it.
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That way, during the rise, you make your losses back before prices go back to normal. It's to double down. But i'm not your financial adviser. The recent FUD was caused by a combination of the chinese and indian governments. but the market is much bigger than them.
This is what do beginners don't know, they just sell their coin during the panic time and they are thinking that selling coins will cut their losses. though the real thing is they cut their opportunity to get back their investment and the opportunity to earn. the best way to cut losses is to buy more on the dip to balance your loss. this buy on dip method will get your investment a lower price and get the lower average and earn more in the future. This how PRo works with investments. Yes don't sell coins in these days but buy more in lowest price and dont become affective for those people who spread the fud news because you know that these coins will give you a big profit in the future and become more valuable because it also encourage many investors now to buy coins in the deep.
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now a lot of investors are investing in bitcoin, therefore bitcoin has increased very rapidly, if bitcoin decreased what should be done?, whether the investors will lose? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) For me if bitcoin will decrease I will hold it because I believe on it that it will become recover after a few months, as we know that bitcoin have a big and strong community now that supports its price and the mass adoption of it, is continuing that makes it become more valuable and it is good to hold it now.
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I advise you not to sell your altcoins and Bitcoin too. Selling cryptocurrency at the current price is not the best idea, it is better to wait a year or two.
Yes we should wait for the price to pump it and avoid selling at this moment because it is not a good time to sell on where many people are become panic but, it is a good time to buy more and hold because sure it will be going up soon and reaches new all time high and those panic sellers now are become regret later.
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Right now there are many ICOs coming out, is it really safe to participate in any of it and spend that much? In participating ICOs I have high hopes that these coins could be the next Bitcoin or other currencies that are really going up in the market.
Yes it is good to join in ICOs because you can have a chance to contribute in their project in earlier days but, before investing you should study it first so that you are confident for what you are investing and not believing on any bad news because you know that investing on it will give you a good profit in the future and can help you to minimize the risk of lossing a money.
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I think everyone who holds bitcoin assets wants this to be a legitimate payment instrument in everyday life, but it is still very difficult as many countries still forbid it. but I am optimistic one day all this will be realized.
I'm also hoping this that one day the bitcoin use as a payment system because it can be having a big role in the community and help many people to change their financial status in life. It also gives a profit for those people who hold it so that many people are become interested to save money and the government also want changes in order to give a good services to its citizens that's why I still hoping that someday bitcoin will become a legitimate payment method in our society.
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Previous few month we see all altcoin price is decrease.So at this time how I recover my loss.I decided one think,I want to sell my all altcoin now.And try to start trade and recovery again.It's possible? Can I do this.Tell me your opinion, can do or not?
In my opinion it is not a good idea because you hold your coin for a days and now you are deciding to sell it after the deeps and start again after you sell it?. Did you study it before entering the market? Because if you study it and make some research you are happy that you hold even it was been down because you are believed in its project that makes it successful in the future and can be possibly give you a big profit. Just hold your coin and be happy later because anytime it will be pump up.
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What are the driving factors for crytpocurrency valuation?
Scarcity? Utility? Use? Demand? Network? or am I off base already?
Well, all the options which you have personally linked it like Demand, Utility, Network Scarcity, Use are useful for driving the valuation of the cryptocurrency, but the major one which is solely responsible for the ups and downs of the bitcoin is Demand and Supply. Then come the Utility and Network where it is being used on a high scale basis where the demand and supply is been generated. Apart from all these nowadays the news and major announcements are also affecting the bitcoin and other crypto coins. Yes the demand and supply have a greater effect in the bitcoin price on which everyone wanted to have even it is a high risk there are still many people wanted to use it because of it's uses that everyone can be able to use without having too many requirements. I'm also agree with you that the news are having a big role in crypto market now on which it can help the bitcoin to expose its good platform to the investors so that they are become aware for the bitcoin development and encourage to invest.
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Selling bitcoin today means giving up in my opinion. Sellers will lose opportunity to join the party when Lightning Network will be widely implemented. Bitcoins price is like a boat on waves, low water happens but nothing lasts forever
Yes selling bitcoin means giving up because you are not satisfied for the outcomes of bitcoin now but if you study it before buying you didn't think about selling on it because you know that bitcoin have a big opportunity in the future that everyone can be achieved, just believed and hold the bitcoin.
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i'm just curious if how many percentage of all the people on earth know about Bitcoin. in my country i think only 10% knows about it. post your opinion guys.
We cannot give the percentage of how many people are really investing in bitcoins because it is hard to quantify how many wallets owned by each and every person who do invest crypto currency. The volume can be measured but number of people cannot. Yes it is hard to know the total percentage of bitcoin user but the popularity is continuously increasing that makes bitcoin to expose in the public and encourage many investors to invest that cause the bitcoin price to increase. As we can see the more people getting involved the higher the bitcoin price it is, because the demand of getting it is rising.
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