1. Greed 2. Fear 3. Overconfidence These three factors mentioned in OP link are enough to destroy any trader portfolio in not only forex but in any trading market. Never Greed for more, just sell whenever you are getting your target profit else you will only lose. |
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I was too a trader in the early days but i never earned any good profit due to trading. I finally gave up trading and start HODLING. HODLING work very much fine for me. I have no tensions to buy and sell daily, keep an eye on market every hour. I suggest if you are not having luck in trading try HODLING.
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Those who believe that coin halving will have some impact on bitcoin price are busy in buying bitcoin at current dip. I don't think history repeat itself again and again. If bitcoin goes above 10k$ there will be not many who will buy bitcoin, seeing the real world usage or adoption rate.
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I dont think world most cordoned off country will have any effect on bitcoin in the long run. This tension took price upto 8400$ and is now coming back once again. There is not much awareness regarding bitcoin in the world except among millennials and same holds true for Iran also.
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Not only plant trees but also take care of them. Problem is we plant trees and then abondan them. Almost half of trees plantation went useless because of no care after plantation. If we want to give a good future to our kids we have to plant trees.
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My friend there is no pro-bitcoin government in the world including china. With growing adoption central governments are introducing strict regulations related to bitcoin and other associated crypto. china has banned crypto exchnages and ICOs while they have largest share in bitcoin mining.
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Nothing unusual is happening, just common volatility process.
At first everyone was so thrilled about price rise expecting 10000$ or more even this week. But people always forget that price can easily pull back and that there is no guarantee for continuous growth.
Anyway, I expect for price to go back and forth in the next period of time and I don't think that we will see some major changes, probably it will stay somwhere in the range between 7000$ and 8000$.
Bitcoin nature is that in few days it can reach to new heights and come back with same speed. Probably that's the reason why we were expecting 10k price but not expectations are price of around 7000$. But that doesn't mean game is over, just keep an eye on bitcoin price and dont forget to buy it at dips. |
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Those who try to be super cool ends up like that. Being owner of McAfee I thought he is a sensible guy but he proved to be another Craig Wright. He must give some fine of this false prediction, so that we may get rid of this price prediction mania.
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Bitcoin fleas are never stable they are always in up and down motion. In the start of Dec 2019 speculations were bitcoin may go down to 3k$ again. While in start of Jan 2020, speculations were its may go upto 9k$ but since last 2 days market going down again. You will never see bitcoin fleas stable.
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I am sorry friend 9k$ is not possible next week rather 7k$ seems the next possible stop for bitcoin. We have coin halving the major event coming this year. Hopes are that bitcoin may go up with that. Other then that it’s a dry period for bitcoin ahead. The way market is going down you cant expect where it will stop.
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The good thing was chances of war are getting lesser and lesser. Let’s hope they get down to zero and peace prevails. Bad news for bitcoin is that its going back to its previous position.
Those who have bought at 8400$, will from now onwards will be looking for 8400$ again. While wise traders have sold there holdings at profit and must be enjoying.
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I agree with point 1 and 3 of OP. The main reason was Iran and USA tension and whales are taking advantage of this pump and giving this pump massive air. Whales will sell their coins which they have bought at lower price and many will buy these coins at higher prices and will struck after this bull run is over. That’s how whales keep on getting richer and richer.
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I don’t think Bitcoin can solve financial problem of the world, as its never meant for Banks and other centralized financial institutes. From very start Banks do not like this payment system and have opposed it. Whatever the motivation was, the good that benefit every user of bitcoin is the peer to peer money transfer. You can transfer without any intermeditory and at any time.
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The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
History shows that war always brough death and destruction to economy. There are more negative effects of war then positive. As far as the sufferer's of war is concerned they are people. Economy and infrastructure are destroyed. Bitcoin pump is also getting converted into dump, thanks to de-escalation of war situation . |
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As per my knowledge and experience these charts along with other prediction data never work in this sector. See this current bull run for instance there is hardly any chart that was predicting such bull run. Bitcoin run whenever it has mood to run. .
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If you haven't transferred then somebody else have transferred that. But if its hacked then why hacker left few and not transferred all the coins ? Check on above reference link and you will get to when they were transferred. You will not get to know who has transferred .
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That's a very unfortunate one, 1.4 bitcoin is a huge money if we would convert it into fiat right now. Well, those things would happen no matter what and the best thing we could do about it is to keep on going and regain what we've lost. Next time, you should be more careful about your investment and make sure you always have the things you need to reopen your account and claim your money. That's one of the most important thing you need to have here in crypto, being extra careful with your password or any device that grants you the access to your account.
You can save yourself from great troubles if you spend few minutes in carefully writing down the backing material of your wallet. The irony of bitcoin is that you cant access your coins if you lost password and dont have seed. Bitcoin is extremely secure but its weakest link is wallet. |
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If you price of other things like oil, gold they are also going up. Its human psyche that whenever we have such situations investors start buying or there is panic selling. If bitcoin will come back after current situation neutralizes so will be oil, gold and other commodities.
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Things have changed now, bitcoin traders are well informed now, although not all most are still speculators which is okay for the ecosystem. I expect the price to sharply increase just before the halving because of general sentiment of a possible price increase and never coming down.
In previous halving there was room for price to move up. Price of bitcoin is already too high as compared to previous coin halving and I don't think bitcoin price may go too high due to coin halving. These are early days of bitcoin since it got mass adoption and we will see with time how bitcoin will behave against such incidents. |
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read the last line of the image. it clearly says never show this to anyone. immediately delete this image and change your seed or better move your coins to some other wallet. if you dont have anything in the wallet just create a new one dont use this anymore.
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