Why it said that because of the decentralization people scammed? No its not. People got scammed because of their own neglects to their wallets where their crypto currencies stores. Because for me, because of the decentralization wherein anonymity integrates makes our crypto currencies in a much secure state.
It is true that people are not scammed because of decentralization. Decentralization is not made so that people can have their financial freedom, they spend whatever they want as long as they have the money and as long as they are not doing illegal in their country. The problem is that there are people that are using or taking advantage of these to earn money out of people that are also wanting to earn a profit, in other words, they are scamming other people. And then they are blaming Bitcoin, which is not even Bitcoin's plan since it is just crypto but the plan of the individual or group so they can get money out of other people. No one would got scammed if people will only be wise and knowledgeable but the problem is also the people because they already knew that a project is a scam but they still insist to continue . idk the exact reason on why they are doing it and yes if they already got scammed they will only blamed bitcoin . this why bitcoin will get a bad reputation . @op this serve's as an aswer to your question . yes people do really abuse the decentralize power of cryptos as much as fiats . soon as the adoption grows , the abusers also grow's . so watch out |
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In simple terms, in my opinion, if we want to succeed in trading, how do we make decisions, whether it's the decision to choose coins and also the decision to buy and sell, we can get them if we can control ourselves or not be easily panicked
Panic is an emotional problem that is difficult to control. Beginner traders have a great opportunity to panic and get caught up in trading emotions. yes..this can be trained by continually trying to trade and be patient. this is the hardest part for traders I don't think so. In my opnion, the hardest part for traders is to identify when to enter and exit. This is very crucial part because in just a wrong decision, it can result to losses and more patience to wait it to rebounce or decline. Enter if if the market is in dip so that you can accumulate more coins in a bargain price and sell if the market pumps . there is no need to exit imediately especially if you are doing a good job . only exit you think that your trading skills is not yet enough in which you experience more losses than winnings . i agree on the guys above that emotion or self control is the biggest hindrance that can sap our gains but that is normal imo because we are only humans , we are not perfect . |
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Bitcoin steady growth is quite encouraging, I am optimistic that the next bull run will be steady unlike what we experience in time past,
Your right the growth is indeed steady but i dont think that the bull run will also became steady as we all know that bull run only comes in a short time due to the fact that many hodlers are also waiting for this moment to sell but who knows ? Maybe this year will turn out be different , maybe whales will counter the dip because they want the bull to last a little longer . |
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Cryptocurrency market itself are also quite large and it is not impossible that only individuals do it
Institutions are mainly compose of individual so its really the individuals that make or break the price of cryptos . if a number of people are formed or work together, thats what institutions are born therfor its also possible for institutions to hodl and invest on bitcoin and other cryptos . Yes, I think the government is a person who is always at the forefront of everything, so maybe the government itself has digital assets that it holds for the future,
Governments are already rich so what is the point of investing on cryptos ? And besides , they are always busy on their job . they also hated crypto due to the dex feature of cryptos which they cant control like what they did on fiats |
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I do not know what is going to happen with whole industry when BTC goes to 1k USD. I think that a lot of people will leave this market because 3k USD was already a hard strike and a lot of people have already left.
Industry will still be industry even if the bitcoin drops to 1k usd and your correct that many people will left but for sure many people will also enter because potential investors are always waiting for that moment which will result again for bitcoin to recover and pump . in my opinion, if Bitcoin falls in price it is certain that ICO will die because the development of ICO is very dependent on market conditions and we can see that the price of all altcoins is very dependent on Bitcoin. if Bitcoin goes down all of the altcoins will lose their fans and come down.
But why do you think that ico is still here ? bitcoin is already down but ico is still alive and kicking , they are infact growing more and more day by day . ico isnt affected of the bitcoins dip while altcoins are the ones that suffer pretty badly . |
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For me it is good to invest our money in crypto currency because investing in real business never given me satisfactory profit
Sure , real business gives little to less profit but at least they are more stable and will last a lifetime but crypto investments are too risky due to their volatility although there is a saying that high risk is always equals to high rewards which is true . meanwhile i wont recomend investing in crypto alone , its better if you can prioritize stable investments and make crypto only as a secondary option . that is for your own good and for your own safe . |
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BCH is nothing but a pump and dump coin and forked from BTC, nothing huge difference. On the other hand, ETH was totally something innovative idea for that time. At some point, BCH will no longer be on top 10 even but ETH will be there for sure.
I totally agree with your opinion. Bitcoin cash is nothing comparing with Ethereum. Though BCH has taken as a payment method in some shops but that will not make a big deal. Ethereum contract system still seems revolutionary in the crypto market. Without Ethereum I can't think about the altcoin market. So, There is no competition between BCH and ETH! If there has then I would say ETH is a forever winner here! I disagree on you guys . bch is a good coin and it can compete with eth or btc . why ? Just like the other guy said , bch do have alot of connection and roger ver is one of them . they are powerful , they can easily pump and dump bch just like what happened before where bch climb 10x . that can still happen in the future , so if i were you i will pack on some bch now or regret later . P.s : Did your eth can do that ? No i dont think so , i havent seen eth pump before aside from a normal increase . |
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If we already understanding about price action will be not necesary to use indicator because from the historycal price we can decide which support and resistance area. I have seen many professional trader just use 1 indicator only for trading, the more important thing is knowledge about how to read price pattern.
See ? Pro traders also use indicator . so why we shouldnt be ? When indicators are a good way to aid us on our trading career . skills cant and experience are not enough to predict the outcome of the coins due to the changing nature of cryptos but at the end of the day , indications cant still guarantee you a secure profit because luck will still matter the most . |
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There was no guarantee that if you had entered the market earlier then you would have made good profits. Instead of regretting, i believe it is the right time to enter the market, as the price of most coins is very low.
It is good to make use of opportunities than just finding reason that I could've entered earlier. The present market is good time to enter into trading as with small investment it is possible to create a big valued portfolio. I was there into trading during the days of bull market, but I didn't had much knowledge and regrets are quite common. We need to overcome to succeed. Very true, there is no right time or wrong time for this opportunity. The circumstances might be totally different if he had entered earlier. You still can optimize your resources in trading at anytime you want. There is no right or wrong window for this. Imo there is . the earlier the better because if we enter early we can accumulate more crypto coins in a much cheaper rate but who the heck would think that crypto can sky rocket too much ? Maybe few ? Yes because there is already a crypto millionaire that manage to buy and save his coins at a verry long time . but but , late adopters should not feel sad because they can still catch up knowing that crypto market is volatile which means the value can still go up even if its hardly dumped . |
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Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Bank will stay, but cryptocurrency will be more dominant in the future. Its hard to kill a multi-billion company, they will also adopt for sure and it can be a better banking system in the future. We have to be focus on helping cryptocurrency to succeed for a more better future, we should not let anyone to destroy this market. Will have a crypto dominance once people would used and invest crypto, and also the participation of the government. And it may take many years to come before we have that thing since crypto development still on going and due to some issues of its stability. With that matter, banks will still remain in service and provide their functions knowing that they are the most reliable companies where we can stored our money safely. And I don't think that they against on crypto but maybe they are pursuing also to adopt the system. Banks already have long experience in any politics, economic situation and always able to adapting. If peoples using crypto for transaction, banks will adapting in crypto world and right now, many banks already involve in crypto market Banks will surely adapt crypto but not all are expected to do it because some banks will always be against crypto because crypto and banks have a different advocacy . crypto wants to be independent while banks are dependent . if i were to ask , id say im already contented on what banks and crypto has to offer . there is no need to replace the other older service for a new one because both service are already working fine as intented . |
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Bitcoin is going to be against the governments so they also will suffer to maintain the economy of them,but it is more benefitable for citizen of counties than the government.
How the legality of bitcoin is going to be,to accept it as main form of payment all over the world.
When the citizens in a country feel good in economy with the adoption of bitcoin automatically the country will also grow in economy. Always bitcoin bring inflow of economy from the small scale to the large scale market making contributing good to the economy. Economy of country grows through the taxes paid by their citizen so when they adopted to full crypto payments they can hide what they are earning and having so most of the people is not going to pay the right tax amount. Tax evasion happens eliminating the earnings to the governments. But when there is good volume of fiat into circulation through crypto, it'll contribute to more business opportunities. If governments make a clear plan and adopt its usage it is truly good to the economy of the country. In short from my view about bitcoin on a country's economy is one who adopts at the earliest benefits big. Its already happening just so you know , maybe you arent aware that that alot of countries and governments are now already legalizing the use of cryptos ? And when it comes to tax , crypto users are not evading the tax because we are actually paying a tax . didnt you notice that we are being charge by a fees when we created a transaction ? Aside from tx fees , you are also being charged when you convert or cash out your cryptos to fiats using a wallet/exchange . |
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Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
No, I don't think that is possible nobody can manipulate Bitcoin when it comes to its price in the market. Even whales can't do such a thing. Traders are smart enough to see if there is a manipulation going on in their exchange. some people have done it, and I don't know whether it works or not. however, I think manipulating bitcoin is very difficult. well, but anyway, there must be a way to do that even though it's very risky. Manipulation works only if the manipulators have a big capital in which they can easily move the price to go up or down depending on their preference . whales are commonly known as real manipulators because they are the ones that has a big budget . you cant call yourself a manipulator if you cant succesfully move the price of bitcoin . also , manipulating bitcoin is not easy like you said because bitcoin is expensive while other coins alts and tokens can be easily manipulated because they are more cheaper . |
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Many speculations are spreading that the deepest bottom of bitcoin will be $800 and that i think will not gonna happen. Many investors will actually expecting the opposite predictions. Bitcoin already reached $4000, expect another bull run in a few days or weeks.
It's up to you on what you believe, but I believe we already hit the bottomed. We are trading stable at $4,000 now and so far this year, I can tell it's a positive price movement, not only for BTC but for the entire market. Same here meyt . thats is also what im thinking about , i think that we already hit the bottom because the correction is finally over and price is now starting to move up . the guy above saying that 800 usd is the real bottom which is i find impossible because there are now alot of people that particpated on crypto and they are mainly compose of hodlers and investors , aside from them there were also newbie investors and crypto enthusiast that will enter the crypto scene. |
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Being rich now, I think it's very difficult. Especially if you only use a very small initial capital and the profits you make are also very small. But if Crypto's condition is like in 2017, I think to make a big profit you can.
At some point of the crypto's life they can also experience to pump not just one or twice but many times , we only have to wait for that cycle to happen . currently we are now the semi bull cycle since the price have already climb up on 4k usd , wait till the price jump again at 4.5 to 5k usd and im pretty sure that it will be a start for the official bull run . dont be discourage meyt if you only have a small capital but as long as you are patient enough , you can also get rich in the future . |
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Its really hard to trade now. Even tokens just finished ICO drop their value below down below 100%. Its really a gamble now.
Trading has never been easy not only on todays current situation but also on the previous years . its also normal for the ico coin to drop after get listed to an exchange because other investors and bounty hunters were also waiting to sell their tokens for a quick profit . For me its safer to buy top coins because they are cheaper now and just wait for the crypto market to recover. In investing in ICO, you should do thorough research before investing,
Top coins arent cheap compare to ico coins but the risk in top coins would be more lesser as they are already tested and proven for years to live while we dont know about the flow of ico's . ico coins might only be good at first but eventually they can turn shady . |
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Often the ICO coins fall when entering the Exchange. I personally often experience it and for now I choose to invest in the top coins. The top coins already have good trading volume.
Thats normal for every ico to drop after they hit on the exchange and that does not always mean that a bounty hunter dump them but thats more better than a coin that hasnt been listed anymore . although i still support your decision , investing in top coins such as bitcoin and etherium are still the best thing to do and yeah top coins do always have a higher volumes compare to an ico and other unkown coins |
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1. LIMIT THE PARTICIPANTS (Ex: 2000~3000 Participants only on social media campaign) so everyone can get worth reward
2. Bounty Allocation please make minimum 3% from its total supply
3. NO KYC, please
4. No Newbie allowed to participate
5. Please don't make Bounty Duration too long (please just 2~3 months only)
6. No Token lock for a long time and no distribution delay after the bounty end
1. LIMIT THE PARTICIPANTS (Ex: 2000~3000 Participants only on social media campaign) so everyone can get worth reward
2k to 3k participants is already huge enough for a social media campaign or even on the signature campaign . i cant imagine if what would the reward look like be . for me i think a bounty must only accept not over a 100 user or 100 could be the max if the bounty has a good budget . that is to control and manage the campaign smoothly while at the same time bounty participants can also get a good reward . I dont have any complaints about your other suggestions . lets hope that bounties will be that way in the future . |
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Ive come in contact with few newbies that are confused about which coins to invest in ,well this is for you, be cautious and stay away from coins that have nothing to offer ,I meant if there is no reason creating that coin its mess, but all the same when bull run comes its win win for everybody ,yes everybody, unless dead coins ,even coins that are lower than 1sat goes over 30sat at last bullrun even crappy projects became profitable ,I have a family friend that all his highest profits canes from the shit coins ,so worryless bullrun won't come anything soon but it will.
Crypto must be adopted by peoples, used by peoples, Otherwise, crypto won't growing big, the bearish and bullish market will only caused by some pump and dump whales. Crypto can still pump with or without people/adopters because there will always be a whale that will try to manipulate the entire crypto market . this is the reason why bad coins and sh*t coins can sometimes pump even if they dont have any real world usage . @jessyj48 , you said newbies should stay away with coins that has nothing to offer but you also said that even the crappy and sh*t coin can also become profitable as soon as the market pumps . you are the one that confuse and not those newbies . |
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I think it can be both,though I prefer the normal term - Trend.
If you observe the market you will notice that Bitcoin still trends or move in wave form despite the bear market. Though the movement is concentrated around $3200—$4500 you can still profit from it.
The most important thing is to buy when it moves downward and sell when it moves upward.
For something to be called a trend it should be in continuous mode for a while and or repeat in the same or very similar way. So current movements in the market I wouldn't call a trend. It's temporary positive correction that pulled back again and it's yet to see how the further situation will develope. Add in the duration . you cant call trend a trend without a duration but i dont agree when you disagree that what we experience right now is not a trend . for me this can be considered a trend ( bullish trend to be exact ) because the value succesfully reach 4k usd and it did stay on that level for a longer time . the temporary positive correction that you are talking about is already over . the correction was last time when the value drop and stayed at 3k usd . |
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Why we shouldnt panic sell?
The current situation's precisely the opportunity to buy superior crypto, specifically those who have a separate strategy in treating crypto.
Whats a seperate strategy ? You mean more than one strategy ? Current situatuon might be good to buy coins because they their price is still cheap but not for some early hodlers . as a early hodler this was already a good time to sell but there is no reason to rush or panic because the market is now stable . panic selling is the worst way caused by excessive fear of certain things, and usually panic selling's only driven by emotional factors. Maybe this is the stupidest strategy in history.
No its not stupid to panic sell , infact panic selling is also beneficial when the market is in high volatile state . you need to act fast by selling your coins so that you wont miss the good oppurtunity . |
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