Saving money on a long-term period needs a very strong mind to dominate your emotions whenever you see a price drop or price hike. Once you got distracted by these movements, you will eventually lose your focus and you will sell your crypto either at a losing price or just a normal price.
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Cryptocurrencies are unpredictably by nature because volatility is already in their DNA. Since cryptoeconomics is governed byy the basic principle of supply and demand, then naturally, its market price will have constant rise and fall.
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The fact is that too many ICO scams are there to fool people/investors. That's the worst thing that's going to happen if you fall in one of these scam ICOs. Moreover, not all legit ICOs will also become successful ICOs because some will also fail halfway through the ICO.
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Not all the time because their analysis will sometimes go on the other way too. The more you trust on them, the more you will be disappointed with the results too when the results won't go with their analysis.
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Not really a big concern for me whether bitcoin's price goes below 8,000$ as long as my belief is still positive regarding the coming bull run, then that's all that it matters. Bitcoin not moving so well this time can make a sudden push and break the 7,000$ resistance which will be a sign of a bull run.
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Yes XRP may be a savior because as what i have observed, bitcoin and ethereum rise up when ripple forcefully took etheruem's place on second spot prompting the two crypto giants to spike their market value.
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Staying calm and holding on your cryptocurrencies are one of the best decisions that you can make while the market is crashing. It may look so hopeless to see your cryptos' value goes down so hard but always remember that there will be a time that it will grow again.
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It's a lot better if we can see bitcoin reaching a new all time high in its 10th anniversary of existence in the cryptoworld. But bitcoin has fallen down so deep since the 20,000$ trip and maybe we will wait a year or two before we see bitoin's price to skyrocket again.
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It was just lately that facebook bans bitcoin and crypto ads because the company don't want to be the threshold of scam advertisement that would deceive people that would stain their company's reputation. But again, not all crypto ads are meant to be scam so i think that's the reason why they unban it.
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I still wanted to live in the place where i grow up. Even if bitcoin regulations are there as long as i feel secure with my investments. It's better to live in a parallel utilization of fiat and cryptocurrency.
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It takes a long time before it can recover if we are looking up to where bitcoin had landed last year. Since then, its market value plummeted down to 6,000$ to even 5,000$ at some point so i think it really needs time before the market can recover the 80% loss.
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If we are only open for a change with the help of the blockchain, then the world can be economically better for sure. Imagine a society that is fully engaged in cryptos where each have a good profit from crypto. That means their lives are getting better that's giving a lift to the economic growth too.
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Fiat currencies are not that easy to replace even if the cryptocurrencies are already in its prime use or trend. There's a lot of things that need to be addressed first before fiat can be replaced by cryptocurrencies.
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I think one of the reasons why they suffer financial stress is because of the way how they handle their money. They may be overspending more on things that are not really necessary for their family or they spend more than their salaries. I think it's time for them to plan and manage it better and try crypto investment.
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Trading is really one of the stuffs about what crypto is all about. But basically, cryptocurrency's major purpose is to be the medium for paying commodities and services online. Aside from that, they also have its unique use cases.
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Contrary to that, bitcoin will eventually replace fiat currency in the coming years and bitcoin's existence will go on. That's my opinion too so i don't really care about FUD and other negative opinions on bitcoin because that's their opinion too.
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I really have a good relationship with crypto for the entirety of my experience as an bounty hunter. It helped me a lot in situations where i got nowhere to go to especially in emergencies and financial concerns.
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Nothing can ever stop a digital currency that is very dominant and the foundation of cryptoworld. Few years from now, the adaption of bitcoin will proliferate across the countries in the world so there's no reason of stopping bitcoin anymore.
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What i see five years from now is a very congested marketplace where tons of ICOs are operating each day. I can also see a tighter regulation as scam proliferates through this ICO thing. The market may also have a good market cap as cryptos will be having a drastic rise of its values.
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There's no better name for bitcoin than calling it as a life changer. Others have spoken how their lives have changed when they go bitcoin investment. What makes bitcoin a very good investment is because of its characteristics mentioned above.
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