Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
I think everyone would agree that trading can be more profitable than holding. However this comes with added risk as you may lose coins by making a bad trade. Also it involves keeping right up to date with the latest rumours and spending a lot of time gauging correct entry and exit points. Basically there is time investment and there is risk. Additionally there may be tax to pay depending on your country. Holding long-term is the alternative. If you believe that your coins will be worth a lot more in a few years' time, then you can just hold and forget about them and come back later to check on their value. There can be almost zero time investment, and no risk beyond the original purchase, and no stress from constantly watching the ongoing bear market. Ultimately everyone makes their own choice. And obviously you can, as I do, mix the two - trade every now and again, but also hold some coins for longer term. |
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What do you think will ETH fall to double digits? And if it falls would you buy some?
It's looking like single digits the way it's going at the moment... No, I don't really think that. We've got to hit bottom somewhere, and given the amount of support we had for the last few months before this latest drop, it looks like as soon as we hit a stable point there will be enough support there to calm the markets. At least I think so. It's difficult to separate reason from hope at the moment. |
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Soon it will be a year since the bitcoin touched its maximum price, and after almost a year of downward trend, I would like to know if any cryptocurrency or any project has managed to beat the performance of Bitcoin. It seems that the decline of Bitcoin has dragged down the value of all cryptocurrencies, and regardless of how good a project was, its value has also declined.
Is there any cryptocurrency that is worth more now than a year ago?
All of cyrpto has oobviously been moving in a downward trend this year along with BTC. There may possibly be some that have increased in value, but the key thing to remember is that the lower you look in terms of marketcap, the more risk there is. Higher prices for the top coins reflect the fact that they are generally more established projects, and so less risky. Whilst all of crypto is risky to an extent, the questino is how much risk you want to take within crypto. It is very hard to know when a coin is about to rise unless you are on top of the rumours very early, and before the market as a whole becomes aware. |
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At the time of writing, as per CoinMarketCap data , the estimation of NEO token is at $7.98. This is fundamentally lower than what the coin used to be worth toward the start of the year 2017 when it surpassed $180 per coin. In any case, many trust this is a tough situation, yet the one that will blow over inevitably, and that NEO will have the capacity to come back to the wonder days.
There are various reasons why this may be legitimate, and why NEO inevitably is a totally not too bad investment. The support from the Chinese government was by then referenced in advance, anyway it is up 'til now a not too bad one in any case. In addition, NEO's most noteworthy foe right by and by is Ethereum, and despite its size, age, and various central focuses when appeared differently in relation to BTC, Ethereum still has technical obstacles concerning NEO.
NEO is known for its idea of "smart economy". This is perhaps a ndout amongst the most vital reasons why this crypto isn't leaving since it takes into consideration digitizing any of this present reality resources. The idea of smart economy includes considerably more, and it very well may be viewed as a blend of advanced resources, computerized character, and keen contracts. On account of the blockchain, traders will have the capacity to get in contact with each other straightforwardly and direct their organizations in a protected, straightforward condition.
What do you think guys it's golden time to accumulate NEO??
I am a very strong believer in Ethereum, and NEO is the closest we have to a Chinese equivalent. It is often the case that Western companies struggle to penetrate the Chinese economy, and that home-grown Chinese companies fare much better. So in this sense it is definitely worth having a look at NEO if you think that crypto will be big in China. I do think that current prices look very good. It was probably values too high last year as there was a lot of hype, but current prices look very good for accumulating some NEO. |
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Etherum is having a very bad situation now. Nearly 50 percent reduction only occurs in a few weeks. Of course this is a very difficult thing for anyone who suffers from Etherum. This is a direct loss, but when we can think more openly, we must know that the price of Etherum is very likely to increase. The quality of Etherum has been recognized by everyone and therefore Etherum has gained a very good level of public trust.
So it's not impossible that the price of Etherum will increase again.
Yes, ETH has been hit harder than most during this year's downturn - but I am also confident that it will recover. ETH is the strongest smart contract platform out there, and will have a major role to play as crypto evolves over the next few years. I think the current prices will come to be seen as a bargain. |
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XRP is a very strong coin, and Ripple a very strong company. I know some people don't like XRP because it is seen as the bankers' coin, and so a part of the corrupt and self-serving system that crypto is supposed to replace. But regardless of whether you like it or not, Ripple are an extremely professional company and I'm sure that XRP will be a huge success well beyond the corporate banking sphere.
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This continuous quarrel about ETH makes me think deeply about it. There are, not sure but I think, over 6000 cryptocurrencies over there and the significant part of them ERC token. This means there is a strong base coming from ETH. However, these projects create a dumping point for the ETH since their ICOs and sales are making with ETH. Is this going to be a strong ground but lower price vicious circle situation? Will there be a chance for ETH to rise beyond its ATH?
I personally don't think any token or coin will replace ETH soon but... There is a strong but here.
Yes, I am very confident that ETH will recover. All coins have suffered this year, just ETH more than most of the other top ones. I don't see any viable competitors to take over from ETH in the short- or medium-term. Long-term I'm sure there will be some serious competition, but then smart contracts probably isn't a winner-takes-all market - I'm sure there are room for several to be successful. |
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Hello friends, Market has recovered again, although it is not very high rise. But you observe the crypto market closely then it has a behaviour in it. On 25 Nov there was an downward movement in the market then on 26 Nov there was an upward movement. Yesterday it was again down and red was the light everywhere. Now today it is again Green everywhere. Do you think market has touched the bottom line and there are chances that it will go down further?
I think that we have to view the last few days as part of the overall trend for the year. In that context we are still falling, and we see that each successive rise was smaller than the last, and each drop deeper than the last. We then see a longish support line for the last few months holding the whole market around $200b, and then the recent plunge downwards again. Against this backdrop, today's rise looks quite inconsequential. I think we'd need a huge rise back up to the previous support point of $200b before it really has an impact on the overall pattern. If that happens then I think it might mark the start of the end of the bear - but anything less than that I don't think impacts the pattern much. |
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We are 4 days from the last month of the year( December). There have been a lot of predictions of a possible bull run in December. The market prices are low right now compared to about two months ago.
Are you still positive there is going to be a bull run?
No, I don't think so. The best I hope for is a recovery back up to the previous support levels we had a few weeks ago and that held for a while. Anything more than that before the end of the year would be too big to be sustainable - at least that's my opinion, I am wary of sudden huge increases after what happened earlier this year. |
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The recent rise is only big in percentage terms, in actual dollar price it's very small compared with prices earlier this year. A 10% rise when the market has already dropped 90% basically would be the same in dollar terms as a 1% rise before thd rop.
We need to be careful looking just at % values. I don't think this rise is really a rise, it's just a minor blip so far... I think we would need a quick recovery to about $200 billion for the whole market before we could say we were rising.
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No-one knows, and since the market is driven mostly by speculation, it's difficult to determine what will happen as any small movement tends to get amplified. Whilst it is a surge in percentage terms, it's only an increase of a couple of hundred dollars - which would have been barely a blip this time last year... so price movements may look big, but in real terms they're quite small. |
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Now Bitcoin is at 5100 level, Eth is at 150 level, Crypto Market Cap is around 170 Bil. USD, I know it's frustrating, but if you will look for the charts of the last bull runs, you will find that bull run comes after this period of FUD and Capitulation.
Prices may drop more than these red levels, may stay at these levels, but will never stay like that, it's not a wishthinking, but it's reality, But if you believe in crypto, you know that good news are coming, Bakket, ETF... etc.
Crypto is not a Bubble, nor a ponzi scheme, it's the future guys. Just Hodl and be patient.
The first point always is not to panic. Think about the long-term, and if we still believe in the future of crypto and that it is a transformative technology that will utterly change how the world works, then this is not the time to sell. Panic and short-term thinking are what cause the markets to jump around so much. Take some time out, don't check the charts every 5 minutes, just be patient, think in terms of years, not hours and minutes. |
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Like other traders, I'm curious as to why the Crypto market is as bad as it is today, is there a particular reason?
It's because the market is so speculative and volumes are quite thin. There are more people wanting to sell than there are wanting to buy, but past volatility makes people worried, and so any small dip then causes people to panic sell, which causes a biger dip, which causes more panic selling, etc - and it's the same (but the other way) when the markets rise. All prices at the moment are based on expectation of future utility of the coins/tokens rather than actual current use... so it can't help but be speculative. |
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The prices went even lower than the last years' dip right before the bull market. However, the BCH hard fork with its Hash Wars doesn't seem to bring any clarity or stability to the market.
So the question is following: would the market still go down or not much more and it would make sense to start shopping?
We're all guessing at the moment, but the bearish sentiment isn't showing any signs of going away. I am still quite confident that prices will start to recover once the BCH noise has quietened down, but as yet there is no evidence to support this so this is pure speculation. Long-term I think the prices will be much higher than now, so it may be a good time to buy right now. It's down to each individual's personal circumstances though. I certainly wouldn't throw a lot of money into the current market, but that's not to say it's a bad idea. |
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Two months ago, they said that it was the best time to buy cause the prices are low. But, this period the prices went down further. So, I think better to see the trend and assess if it will go down further or will start to rise. If will go down further, wait few mlre days then you can buy your significant coins.
This is the problem, isn't it? Coins are cheap now, but they may get cheaper... but it is impossible to know the bottom of the market until it has gone and we have risen again. What I would say is that if your average purchase price is higher than the current price, then it is always a good time to buy to do dollar-cost-averaging. In general the best time to buy is when the markets are falling, and the best time to sell is when they are rising. As for achieving perfect timing, it is an art as much as a science. |
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We all know that the markets are highly speculative, and we must accept the lows as we do the highs. Even if prices do rise again (and I am confident that they will), we all need to learn from this and understand how fragile prices can be. I think this will likely continue to be the case until the market matures, which is probably at least several years away.
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I think this is a time to be strong. If you still think that ETH has a great future, then hold or buy more for DCA. If your belief is starting to waver then try to consider everything logically - if you decide that ETH price is not likely to recover then by all means sell, otherwise it is a case of forgetting about prices for a while until the market recovers. Whatever decision you make, try to react logically rather than emotionally.
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Crypto sphere is like a hell to some now,but i want to encourage everyone caught up in the pool of loss that you can start all over again.The level of dip we’ve had in this bear market has cost a lot of people almost everything they have worked for.I know many are at the point of giving up and turning their back on crypto sphere,believe me you can start all over again.The ability to rise when you fall is all you need to get back on your feet again.In life,every challenges comes with opportunity.If you can search deep,even in this bear market,crypto sphere is full of opportunity that can get you back on your feet,it is only a matter of time.I believe you can start all over again.
That's a good attitude. The long-term potential of crypto remains as strong as ever, so we can expect prices to be considrably higher for the good projects in the long-term. In the short-term, obviously prices have dropped a lot. They may continue to drop, but for those that bought in above current prices, now is a great opportunity for dollar-cost averaging (lowering your average entry point). It may seem counterintuitive, but if you are facing a loss, then buying more now can improve your overall position - but only if you (as I do) believe that crypto will still change the world. |
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