What do people think? Is it better to invest, say, 100 dollars in ether or bitcoin?
To be honest. Both the coins mentioned by you above are stable coins. So it wouldn’t be a big issue to choose either of the coin. If you go for BTC then you will see the results instantly but if you go for ETH, then somehow you will yield profits but that too will be slowly. Rest is up to you what you should do.
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We have the rights to deal with our belongings however we like right? Same goes with the holy crypto ‘Bitcoin’ . Some people spend the coin anytime they want, some store and some just trade. And does this action kill the coin? Rather it would be harder to transact every time if we think it as a currency. We need to pay tx fees everytime when we will use the coin. So according to me it’s better to hold.
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Investment is a lengthy process and it yields little profits in longer time. When we have options to invest, i will rather go for Bitcoins then Gold. Bitcoins can be stored digitally but for storing the precious stone we need a place physically and that’s risky. Moreover we can sell Bitcoins easily whenever we want, but for selling gold, we need perfect dealer and rates and there is also many commissions to sell. I know this might be every people’s thought, but yes somehow i find this helpful over Gold. Hope this is something interesting for you OP.
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assuming the history of BTC from 2017 - 2018 will repeat this year, what you'll do with your BTC?
See if you want to make great profits then you need to gamble with your money. For me my sole purpose was to invest in the coin, so if the price also falls down then too i gonna hold. I will still have hope that BTC will increase once again. Rather when the price of the coin will fall, i will buy more BTC hoping to make more profits in future. My strategy might not be pretty impressive, but yes that’s what i will do .
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I bought Bitcoin a few days ago for12 thousand dollars. At that time the price of one bitcoin was 28 thousand dollars. At present, the price of Bitcoin is 37 thousand dollars. Which is really good news for me. I made a post after buying bitcoin to see if I made a mistake in buying bitcoin. I was convinced that I had done nothing wrong and that it was now clear. Below is a link to my previous post: https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225To be honest there is no perfect time to buy. Whenever you have the capability of bearing losses then just go for buying the coin. You might not get profit in the first few months but surely you gonna get profit after some time. I am saying this from my own past experience. People need to be just smart enough to guess when to invest when to not. And btw congrats OP for your profits .
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In the beginning price at 735 Dollars. Maximum price $1329, minimum price $700. The average for the month $996. Ethereum price forecast at the end of the month $1219, change for January 65.9%.
Yes ETH has came out beyond our expectations. And this new year for ETH has surprised all his holders. ETH has starting growing in the path of Bitcoin also, BTC also hit 1000$ in 2017 and now it’s beyond our imagination. Same pace ETH also going too. Hope we see some impressive things from this coin too.
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Of course, the crypto market is like that and we have to accept this because Bitcoin rises and falls we can hardly foresee. therefore when trading there are many opinions about the currency that the trader decides to sell or buy, and one of them has some profit and some also lose money.
Yes well said to the point. Trading is no less than Gambling, after all we are risking our money right? Moreover by seeing the price of the Bitcoin in the past 24-36 hours, it also now hard to predict the market. So yes there is no certainty in trading. If your luck is good then surely you gonna make good money and if you lose then curse your misfortune.
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Trading or investing ..does Trading pay more than investing
To the given statement the answer will be no. Bur yes Proper and Calculated training can surely give you more profits than investing. Investing can also yield you profits but it is a slower process comparatively. Moreover Trading is also very much risky, as you can fall for both losses and profits. At last choosing what will completely depends upon the user itself. If i were to be asked then i will choose investing and sitting and watching the coins grow.
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Are there any news that triggered the Bitcoin price to drop from $41K to $33K as of now (10am EST 1/11/2021)?
Would a 100 BTC sell transaction causes a 1 to 3% drop in BTC price? What is the price elasticity for BTC?
Till now no proper answer or solution has been present to the people if you browse through current news. But the price drop is caused due to the price itself. According to my knowledge as when BTC price increased people were unable to buy it , and for this reason the demand of the coin became less. As the demand went down, the supply became more and for this the price also went down. These are just my predictions and i am saying from about my knowledge. Let’s see what true colors Bitcoins will show us in future.
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ERC20 tokens range is more than enough for me
This statement will varies from person to person. I know that holding takens can be preety much profitable, but still I don’t like holding them. The major reason for this is that, almost all the tokens turn out into scams. Whether it’s ERC20 or TRC20, we should always do a good background check and should invest on that. And to the answer to the op, then No i do not invest in anything except stable coins.
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Everyone is waiting for a speedy denouement. Given that the market loves to play against expectations, it is possible that we will see the rise of Bitcoin and the fall of altcoins. For example, no one expected bitcoin to grow from $ 20k to $ 40k, but it happened. Nobody expects Ethereum to fall now, everyone is waiting for the highs to be updated. Conclusion =?
At the current point of time many BTC traders will be happy. In a period of whole night BTC is currently more than 6k USD down. The crypto traders those are waiting to buy BTC will be happy to see this move. But for holders like us it’s really sad, as we were waiting for BTC to raise more higher. Is the downfall of BTC Already started?
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I don't trade. Just HODL my bitcoin until it reached minimum $100k-$300k whatever i feeling it's too high, so it doesn't make me stress
Lmao, that’s a pretty obvious assumption. The price goal that you have set will surely achieved by BTC, but that will take more than 5 years lol. If you have the capability to hold till that day, then hats off to you mate. Coming to the OP, it’s not a big deal while trading with BTC if we see. If you don’t have the capability to bear losses then simply don’t look at Bitcoin. The answer is just simple as that.
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Paper money is still needed because it is people money that we use everyday in our life to buy our needs and needs. They can adopt the digital currency like bitcoin to make more money or fiat thay they can spend to their daily needs. But the others wants to die the paper money which is not happen , we can both use digital money and paper money now because it is both important.
Well said Mate. Both Paper money and Digital currency have different importance. They cannot be compared if we see practically. We cannot pay in Digital Currency to Street Hawkers, neither can use them during some Cash Needs. Yes Digital currency have lot of benefits, but still we also need paper money or cash in handy. We cannot get access to our Digital coins where there is no Internet, but yes paper money will save us at that time.
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Bitcoin is making new ATH in almost every week.Now Bitcoin is going up to 50k which is good for its Holders,But those who are Altcoin investors are not happy for its booming.Let's see its journey towards 50k.
Bitcoins will surely hit 50k in January. This was already predicted when BTC crossed 25k USD. And the Altcoin holders shouldn’t be upset, as with the price booming of BTC, Altcoins price will also rise. Moreover all altcoin holders should be sharp enough to hold and sell and the perfect time. Let’s see for a prosperous and profitable new year for everyone.
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I'm intrested but I don’t have proper knowledge about this. But I'm trying to learn. Hope in few month I will gain the experience. But have to make the habit of taking risk. Hope I will make some money with trading In shah allah.
Yes as you have said, it’s always advisable that before doing anything practical, we need to know about the theory and should have enough knowledge with the particular thing. Same goes with Trading also. If you don’t know anything about cryptos, then definitely you gonna make losses. More to newbies those are also interested in trading, I would like to advise you guys that first start with small amount to understand the market. All the best to all the newbies trying hard to make money through trading.
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Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.
At that time we don't have any charts,so we should trade with the help of indicator only.....
Listen mate, It’s always recommended that in order to trade, you need to have the capability of bearing losses. If you cannot take your losses in your positive way, then it’s better to avoid trading at first. Secondly trading depends on the estimation and assumptions, if you cannot make correct predictions don’t invest. It’s no matter if the coin is in it’s ATH, as i see still confident traders buying it and have hope that they will get good profits from it.
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To all those saying altcoin season won't likely happen, in January 2018 altcoin season was able to triggered because bitcoin was done for at 19k to 20k at the time, this time bitcoin isn't done yet, you can see that dominance is increasing too, it might take longer than expect, stop expecting history to repeat itself in same ways like 2017
No one has seen the future right? So anything and everything can happen. People predicted that BTC will go till 30k, but it’s crossing 40k+. So many unexpected things happening right now, and altcoins aren’t segregated from it. ETH has already shown it’s capability. Other coins will surely do the same. We just need to wait and watch.
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I am interested to know where you guys think the bitcoin price will go in this bull cycle until the end of 2021? What will be this year's ATH in US Dollar?
Bitcoins won’t rise up than 50k USD. The reasons for this is that, when it touches 50k USD, it will become very much expensive to buy for the crypto traders, so soon the transactions on BTC will be come down and as the demand of the BTC will be less, so price will gradually come down. This is just my assumption. Tbh i am quite happy by seeing the increasing price of coin, as when i will sell my ‘saved’ Bitcoins, i will earn extra profit.
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Happy to see a new ATH of BTCBTCBTCThe dominance is such a beauty to be-hold Earlier i said and now too i am saying the same. BTC will not stop, until and unless it touches 50k USD. Then it will fall and will maintain a balance of 25k USD for the rest of the year. And yes this is my prediction, and anything can happen. But i felt like this will be the best scenario to enjoy holding Bitcoins. Let’s see what happens in the Future.
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To be honest, The direct answer to your question will be “a lot” I saved around 0.2 BTC through the whole 2020, and boom i sold them now and it’s more than double. Still i have 0.1 BTC to hold and i am sure i will make a huge money from it by trading. There is no strategy that will work for second time, so my suggestion will be is to sell whenever you can and buy whenever you need. Wish you all the best OP.
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