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i think when we get involve in this cryptos market then there will hardly a chance for bitcoin to become stable because at the begining 20% of bitcoin has already belonged to 100 big whales so they can control the market very powerful to bring them more profit, so the price we have seen the time big pumps and dumps and most of them are from the big whales.
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look at the chart now, of course bitcoin is recovering but in just 24 hours there is a huge dump that has made bitcoin drop again to 10600$, this is really unstable time for traders now, everything happens so quickly that we can not predict exactly what will happen to bitcoin tomorrow, Bitcoin still need a long time to get fully recovery from the drops.
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i already have a plan to do with bitcoin this year, i know i don't have much experience on trading so i won't spend too much time on trading but holding instead, hold until bitcoin can break the 18000$ to sell for profit, dont want to be too greedy, of course i know bitcoin will keep rising more so i can wait for another drop to buy back again.
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bitcoin is the top coin on the market due to huge amount of investors, we have all seen it risen from 1000$ to 20000$ last year, so it is the craziest and most profitable currency on the world, so if we dare to invest in bitcoin from now we all have the chance to get profit in future because bitcoin value will keep rising more and more at the end of this year.
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I think that investing in everything is risky especially bitcoin. Don’t take anyone’s advice about what will happen with the currency. Personally I believe we are just starting, just my own opinion and you shouldn’t consider that as investment advice as well. I think Never invest more than you are able to lose – Bitcoin is a very risky investment and you should keep in that in mind at all times. especially the price Bitcoin is still going down this time.  we all know the risks when we invested in cryptocurrency, listening to someone idea is a bad situation, we must have responsibility with our money, in this case, bitcoin is still on its own rising, so it is still very worthy to invest for the future, i can still be able to earn profit from investing in bitcoin rightnow. |
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Of course holding for a longtime has its own risks such as the drop I was too powerful that makes the price has gone too low to 0$ but in most cases the price is soon rising back normal in a short time. So we should not too much worry about that, it will be back in the future.
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its been long time btc is down
when it will grow up
bitcoin has been too low recently so it needs a big pump to bring the price back to where it was. rightnow it has started to rise again but not at its full speed so it needs time to recover back to normal and rising more in the future. |
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Do you think Bitcoin will remain the most dominant coin both short and long term? Even though it does not remain the most dominant coin, this will not be the same as saying that Bitcoin won’t exist long term.
right now bitcoin is still dominating the cryptocurrency market and perhap for a very long time from now. I believe everything will come to an end, so bitcoin is not an exception. One day in the future, surely bitcoin will be loose in the competitive market and will be replaced by another better coin, but that may be a very long time because bitcoin is still the most powerful currency on the market. |
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Bitcoin can be legal or not depends on where it is used. Like in America bitcoin has been legalized in many states but in Asian countries like China or Korea, bitcoin is still being banned. I have been lucky when I am living in the country that the government still not ban bitcoin yet.
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Perhaps Ethereum is the next generation bitcoin, bitcoin is too old now and ethical is still very young Altcoins that can have high potential to replace bitcoin in the future. Rightnow ETH can do everything bitcoin can do but much faster and cheaper fee. And more advance technologies have been applied by using ETH rather than bitcoin.
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We should always know when the price of bitcoin fluctuates then it will bring the price of many Altcoins with it. Most of Altcoins trading based on bitcoin so when the price of bitcoin too low investors will withdraw their Altcoins to change into bitcoin or usdt to secure their balance. That is why things happen to bitcoin can effect entire market.
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There are many reasons for investors to sell their Altcoins. First is they think bitcoin is more valuable than any other Altcoins, so when they have the chance to buy bitcoin with cheap price they will sell all their Altcoins to invest in bitcoin because they think more profit will come in the future. Second, when they holding Altcoins too long without profit then they will sell their Altcoins to change into bitcoin.
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Trading in cryptocurrencies is surely a hard work surely in the past and rightnow. it has never been an easy work to do everyday that not just buying and selling but much more stressful than that. No one dare to say trading is an easy job even professional traders. Having a clear mind and a right strategy to invest is required in this trading, not just selling or buying anytime we want.
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We are hovering above the $8k level which doesn't say much. We will need to attempt a break above $10k and hold for a couple of days before it's safe to say that we're on an uptrend.
We can see that the price of bitcoin in the past few days has grown tremendously and the volume is also extremely large. I believe that bitcoin is still on the rise so we can trust and continue to invest in bitcoin. According to my analysis, the bitcoin price could hit $ 12,000 in the next three days. Let's take this opportunity and buy bitcoin right now. i believe bitcoin will be back to 10000$ soon but reaching 12000$ in three days sound to be a very short time and makes me hard to believe in can happen, i need more informations before making decision to buy bitcoin now. Rightnow bitcoin is still round 9600$ and no sign of the big pump today, if it can break through 10000$ in tonight then i will start to buy bitcoin no matter how high it can be because bitcoin will be on the trend recovering. |
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i believe checking the status of the market everyday is very important because we can have the information when the price get high enough to sell or to cut loss when the price gets low. If we don't update the information commonly we may miss the chance to get profit very much, and having a routine to check the price is a good way to encrease our knowledge in the future.
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i believe bitcoin still need a long time to become stable, even rightnow, the price is still being manipulated by big whales, they can easily control the market forever whenever they want, due to the pumps and dumps they and even us can get profit from trading, so there is no easy for bitcoin to become stable this soon, but many corrections more to become a better coin.
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Buy when market is Red, a trick to successful trading. Also dont put buy orders ahead of time.
it is not easy as you think, we all know when the market is red that is the good chance to buy with cheap price, but the problem is we can not know when is the time to buy, too early then the price can drop much more or too late then the price can be bounce back faster, and will the market keep dropping for any longer. that is why choosing the time to buy is very important. |
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trading is not an easy job, it requires high concerntration, and always risky in trading than just holding or mining, we can easily loose money without any knowledge about trading cryptos, but it is a huge potential market that can make us rich in short time, so trading only be done by investors who who bravery and calm head in this market.
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as i think bitcoin rightnow is still rising back after the crash few weeks ago, it still not be able to completely recover from the crash and still very low compared to 11000$ last month, so i believe bitcoin is still not at its peak, at least until next month that bitcoin will be able to reach 20000$, lets wait until next month to see the result.
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Bitconnect days is completely to an end, recently Lending and MLM are no longer being wanted by investors anymore, we have learnt a lesson from Bitconnect, even if bitconnect is changing to normal trading on exchanges, investors are leaving these kind of lending projects when they have lost so much money in just 1 night. Really hope Bitconnect will die in the future for investors back to pure ICO investments.
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