I've always been watching bitcoin since mid-2013 up to now, and the market/bubble is painfully toxic. I'm not a big investor or economist, and I probably still only have superficial knowledge on how the entire blockchain systems work.
I just patiently watch the graph, and keep telling myself not to invest because everyone tells me it's a giant bubble that will someday pop. Recently, I started to run a few side businesses dealing in Bitcoin as payment methods, but I've never stored it long term and always converted it to cash.
I remember back in 2014 when I first thought of investing in Bitcoin as a long-term investment, and obviously was pressured out of it because everyone kept thinking it was a bubble that was about to burst. I'm starting to think about it again now that Bitcoin is starting to crash - and generally speaking in the past it's done quite well after crashes, recovering and increasing every once in a while.
What do you guys think? Is it worth it to give it a try? This would be my second crypto investment, and I'd be throwing in $5-10,000 at most. Any ideas?
You must determine whether or not to invest at this time. If you are familiar with analyzing graphics and knowing the character of bitcoin, why should you question it again? The decision is yours, whatever the result is your crop. |
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The possibility to compete is of course open. However, keep in mind that GRIN has a small chance to compete with BTC considering the thousands of coins that have the same potential and it is still too early to discuss it. NTS is a good exchange and based on experience there are no problems so far, NTS will certainly be able to compete with the BNB.
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When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?
Demand and supply are closely tied to bitcoin and another crypto as determinants of prices. However, requests and offers may be controlled by several parties so that they can take advantage of that power. |
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Technology continues to be developed, as well as cryptocurrency projects that continue to develop. On that basis, I believe there are still many hopes of crypto growing and being accepted throughout the world in the future.
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The reason investors leave the cryptocurrency is of course because they have suffered huge losses. The bear market continues to hit investors' mentality, so they have to leave for a moment and improve the way they work. I am sure the cryptocurrency business is still very profitable, and strong mental investors will return to this business.
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Both short-term and long-term investments have the potential to generate a lot. It depends on how far you can save your money in the right coins. However, if you pay attention to the current bear market development, your decision to plant in several fields is a safe choice.
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I have often heard news about bitcoin being lost but the fact until now the crypto currency still remains in my opinion as long as there are still investors and the government has not forbidden me to think the crypto currency will still exist
It is precisely Bitcoin which is a digital advancement of the Internet in this century, because Bitcoin brings money very easily and quickly when transacting, so I think people will start buying Bitcoin as the lifestyle of today's modern society. |
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It not your problem, it like to me, I have bought the Bitcoin in last year at the highest price, but today it almost dropped over 70% of my money, I will not to sell it in the lowest price, even if it drops to zero, I never to sell it if not reach my target price.
You are really strong to hold your Bitcoin, I really praise you, I myself am really very weak if holding BItcoin is too long, because I am a beginner in BItcoin trading, so I want to ask for advice from you to be able to hold Bitcoin for a long time . |
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Well not all investor have knowledge about this world (crypto world) they just came for easy money. They still think if we join an ICO we will get a lot of money from it but in the reality is most of ICO now are scam only few that legit but still unknown by others.
Yes, it's true, this year's ICO really made investors dizzy, because so many ICOs were born this year. It is not easy to select a legitimate ICO. Because there are a lot of ICO who cheat investors this year, hopefully next year there will be strict regulations to crack down on fraudulent ICO. |
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Everyone's wish is all the same, we hope 2019 will become a big turn around for cryptocurrency it's ok to have a dip but that dip should not be this long like what we have experienced this year, I hope it's worth investing to cryptocurrency this year around.
Yes right, we all hope the price of Bitcoin and Altcoin will increase in 2019, because really this year is truly a disappointing year, because of the many losses I have received this year. Hopefully next year everyone will benefit like last 2017. |
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Nobody is sure when it comes to crypto future but I expect bloodshed for year or two. The next zone for btc should be 4700$ - 5200$, and I allow myself to say that risk reward is great right now. Recovery for btc will last some time and then we will go deep again (zone of $2500). Be wise fellas
if bitcoin price down again to zone $2500, it could be disaster for cryptocurrency community.and maybe we will loss more investors in this market.they bored to face this condition. Yes, but if that happens then it is the right time to buy more BItcoin, because according to people who are experts in BItcoin, the last zone of the lowest price of Bitcoin is $2500, if that happens the possibility of Bitcoin going up. |
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It cannot be predicted exactly but this low price still can be one of the targets for buying and investing by various people and not only in certain places/countries. The market is very easily influenced by various things and still has a high chance to moving better.
Yes, right, because investing is not a quick way to make a profit, it takes years. So in the current case the price of Bitcoin is down, so we can buy and hold for at least one year. Because Bitcoin takes 4 years to see prices touch the moon. |
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It is unlikely that bitcoin will be defeated on 2019 because currently it has the largest market capitalization and no coin still come close to it. There will be more years to come before another virtual currency will overtake the present top coin and it must have the same popularity that made bitcoin ranked first in cryptocurrency market. The drops of the value of bitcoin is only temporary, it can always go up anytime.
Yes right, it is very difficult to beat the dominance of Bitcoin until now, because Bitcoin is the power holder in the world of Cryptocurrency, so there is no Altcoin that can overtake Bitcoin on the market. |
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Yes, therefore we all have to be careful when we want to participate in the ICO, because there are so many fraudulent projects in circulation today, we must examine in detail about a project that we will follow. Must be careful to minimize fraud.
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Ever since the market went red, have you guys received any tokens from the bounty campaigns you have joined? In my case, I haven't received any and I've asked the devs of the projects that I have participated in and they told me that they are following their roadmap and focusing on their product. Are you in the same situation as me?
Wow, what you feel is the same as what I feel now, many projects give statements as you say, they reason to want to develop products, and so on. They don't think about the price of their Tokens on the market, so many Tokens don't have good prices on the market. |
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Indeed, we all do not know what will happen to this world for the future, so humans can only plan but all are the power of God. If we all arrive in 2030 later, that is his will. I might want that Bitcoin in 2030 can live at a very expensive price. So that we all get great benefits.
so we should start to collect bitcoin as much as we can.although cryptocurrency market crashing at this moment, we should not give up with this condition.remember , alot people get their success cause of their consistanly. It's true that you revealed, now we have to collect the coins that we want so that later we can enjoy the results. Because we do not know what is happening that clearly thinks positively in the future and continues to work in order to have a future. The falling market will not hinder our desire to get it, but make it a spirit for a better future. with new spirti , we would not give up with this condition in cryptocurrency market.we still have faith in this market keep going and continue what we did before .someday we will get appropriate compensation. Yes, I agree. For now it's the right time for us to work hard on Cryptocurrency, because now is the best time in Crypto, there are still many ways to get Bitcoin, so let's burn our spirits towards a better future. |
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I will buy coins that are cheap at the current price, because there are so many coins that are cheap now, the opportunity does not come twice, so stay focused and keep an eye on price movements, if there is a good chance don't waste it.
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If I have $ 10,000 worth of money, of course I will invest in Altcoin, because now the price is very cheap in the exchange market. So there are many opportunities to get big profits.
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There is no miracle for bitcoin, bitcoin only needs time to have a high price ag ain, and it would be long so this is where we are tested to have patience or not to hold it. In my opinion this is reasonable because bitcoin is unstable with unnatural increase/decrease in price so we just have to wait until the price increasing again. Yes, I agree. Bitcoin does not need a miracle, but Bitcoin requires buyers to increase prices, because the nature of Bitcoin is that if there are many buyers the price will rise, but if you sell a lot of Bitcoin, the price will go down. |
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