I think yes, we should need to analyse and consider all the possible things to happen, but this time its hard to analyse what would be next to market because most of the time the value of all coins are decreasing.
It is not the first time analysis on crypto currencies became hard for people to conduct on. To be honest, I don't actually think those analysis actually work. The crypto market is totally unpredictable. There is no way to know when the price will rise or end up crashing badly. All we can do is make some wild guess. Look at the price now. No one predicted this recently fall and no one can correctly tell us when the price will rise back. |
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Oh yes, crypto currencies can actually make you rich overnight, but then again, it can make poor within split seconds. It is all about risking. If there were no risks, then everyone would end up investing on crypto currencies to become rich over night.
But this is just a common misunderstanding. You don't become rich over night instantly. This happens gradually and in the long run. Also, you will be needing a huge amount of investment to actually be making significant amount from crypto currencies.
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The easy money that they can make within few seconds is what makes a person addicted to gambling. Do keep in mind that, it is not always about winning. Even losses can make people addicted, since most gambling addict tries to chase their loss and once they are successful, they get the satisfaction which makes them want to gamble more. But in the end, it is all about the get quick rich mentality that makes people addicted to gambling.
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I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?
So, you mean we need to have a peer to peer marketplace for crypto currencies without any third parties being involved? Well, everything is fine but trust is going to be a huge issue. No one will be willing to initiate the transaction first. People will try to scam each other since the marketplace will be decentralized. Once you get scammed, there will be nothing you can do at all. We can have a global market, but unfortunately we will be needing a third party that will act as a middle man to help making transactions between users. |
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You won't always be making profit when trading. You might sometimes make losses too. If everyone made only profit when trading, then everyone would have been trading now instead of looking for any alternative way.
Since you are a beginner, to minimize your loss, make sure you know what you are doing. Learn the market first. Get to know how things work. Start with small investments. Learn from your mistakes. Get experience and once you feel comfortable, start trading with higher amounts.
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As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
The only thing I don't do is sell the coins when the price drops and reaches it minimum point (unless I am in dire need of fiat). It actually makes no sense at all to sell at the minimum point. You will just end up losing most of your money. When the price drops, just keep in mind that you have the same amount of coins and the price will eventually rise back. Think of the price drop as an opportunity to buy more coins to maximize your profit. |
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What are your assumptions based on? Just some random numbers you are spurting based on no proper facts I assume. The numbers you gave has no relation to the future price. The prices are totally unexpected. Did you see anyone who has given exact prediction every time there is a crash or a rise? Nope! They say random bullshits and some how if they are lucky, they manage to hit the bullseye. What I am trying to say is that, don't limit your investment/faith on crypto currencies based on these numbers. Think about real facts, such as long term price. In the long term, the price of bitcoin (if it manages to survive and has support) it will rise no matter what.
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Yes you are right We should never lose hope in Bitcoin. Because in Bitcoin, we also did not know at what time the prices were up and down. Where ever we are going to profit. We just have to wait for the right time.
There is no specific right time. "Now" is the right time. Each and every moment is the right time. Think of the price crash as some sort of discount to buy crypto currencies. Discounts don't last forever, do they? Eventually the original price will come back. We haven't actually seen the original price yet, which is just another cherry on the top. Stop regretting, start investing - just follow this motto. |
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I have observed that most bounty campaigns nowadays are not complying with their tagret end date. No problem with extend the campaign but man, these projects are now imposing hunters to not remove their signature until the end of the campaign. This prevents participants from leaving the campaign. Poor participants cannot break free from this and to look for other productive campaign. They have no choice but get stuck and post for these companies. Did you have the same experience? or Do you observe the same pattern? please enlighten me.
The participants joined the program going to all terms and rules. They knew what they were getting themselves into. Then why pity for them? If they don't mention those in their rules to the fore, then you will have the right to complain. And if they think, the campaign won't be a success or will end up scamming, then they can leave it at their own will. No one can stop them. Just leave it and join another program. Better than wasting your time on that shit campaign. |
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Consider this as a temporary situation. Let the market stabilize and prices go back to normal. Once they start to rise back, we will be seeing that Ethereum has taken over the second place once again. Ripple owns almost more than 50% of XRP. This makes XRP some what centralized. They can control the price easily. Can cause massive dumps whenever they want. More reasons people might back out from investing on XRP. Those are just my opinion.
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Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business
Give me the reason why you choose between the one above
regards
Investing on a business and crypto currencies both has its own risks. Now you need to weigh which side has greater risks. I would crypto currencies. You can not predict the market. You will have to spend a loads of time on it. You will need to keep your self updated with the market almost 24/7. The most important part is that it is no way a reliable source of income. On other hand, business does have risks, but you can control the risk and minimize it when proper steps are taken. You can back out and liquidate your assets with ease. Lets not forget, you will be getting a steady flow of profit if everything goes perfect. |
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Every other coins might follow the same faith. They might end up dying too. Just look at the proportional relation of the prices of altcoin with bitcoin. When the price of bitcoin skyrockets, the other follow too. When the price of bitcoin drops, the other drop much more sharply compared to bitcoin. But, this is the crypto market. Nothing is predictable. We don't know whats really going to happen. Though you shouldn't be worrying much. Bitcoin going extinct is highly unlikely to happen.
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No it does not. Those are just gambler's fallacy. There is no way thinking positively will affect your gambling outcome. It totally depends on your luck. Your emotions will no way chance the mathematical variations on any way. Thinking positively just brings an inner hope to light that helps you to stay focused. That's it. Does not matter if you play with a negative or positive attitude, the results will always be the same.
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I agree with you. I also feel that investing in bitcoin is safer than investing in other coins. as a layman, I feel that bitcoin is a popular coin and is the king of coins, so there is no doubt on bitcoin, even though we also have to remain cautious in investing in bitcoin, because in all jobs certainly have risks to be faced.
First of all, bitcoin is better to invest on in terms of other coin is because of reliability. It is popular because it is the first crypto currency to be made and is some what perfect with little flaws that we can overcome as it keeps on developing. In the long run, it is guaranteed to give you a good profit unlike other alt coins which are extremely volatile. Secondly, investment is not a form of job. So do not consider investing on crypto currency as a full time job, since it is no way a reliable source of income. |
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You mean responsible gambler. Those are the points a responsible gambler follows. But to be honest, how long do you think a gambler will be able to follow the points. Greed is in peoples nature. Eventually they will start to break some of those rules. There is no stopping. Once they start making profit, they will keep on gambling. Once they lose, they will stop gambling, but whats the use of stopping, when you have already lost it all?
Would say if you hesitate a lot, don't gamble at all.
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It won't be called a "cycle" for nothing, just like any other cycles out there it is bound to repeat all over again even Bitcoin going back up above 10,000$ is an inevitable thing to happen. The most important factor about the market cycle is of course the time, we really don't know when will we be staying at the bottom as other factors such as demand and manipulation should be accounted for and this might be unbearable for a lot of hodlers as most of them are likely hodling BTC at a loss. But the thing is being patient is the key in staying longer with this phase and it will be more rewarding if you are still accumulating it until now.
Not a cycle. In a cycle, we see a repetitive state that keeps on following the same path. What I mean is that, after a stage another stage comes and this goes on until the first stage has returned and the same steps will keep on going. This is not the case with crypto currencies. The steps take place randomly. We might see the price rise significantly during one stage. We might see the price rise more again during next stage. Eventually we might see the price fall but then again it might go back up too. What I am trying to say is that a cycle does exist, but the order of the cycle is not the same. |
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Just seeing an increase in trade volume does not mean that we are developing rapidly. Just a group of few whales can cause the trade volume to rise significantly. We need to see the practical use of crypto currencies. People will have to use it on daily basis do do their transactions like they do with fiat currency. In this way we can see the full potential of crypto currencies which in turn will allow us to develop the market in full terms.
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I will by Counter strike global offensive on steam in Btc,
they had someone to sell
Instead of buying from random strangers over here you can go to https://steamgamesbtc.com/ and directly buy counter strike GO from them or buy a steam wallet code, claim it and add the game yourself. SteamgamesBTC has been here for a very long term. The admin has a very good reputation on this forum. You can also try bitrefill and buy $10 USD steam wallet codes. If you still want to buy from someone over here, use an escrow. |
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Read different articles and people opinion. You will see one common thing and speculation by those people - "The massive drop was needed for the massive rise". So, the best thing to do when the prices starts to dump is to hold onto your current investment and start investing as much more as you can. This in turn will maximize your profit when the pump starts.
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I came upon this article, and the so called experts weigh in on the current price dip and why they believe Bitcoin would reach $3000. I am usually very skeptical about trading advice from popular cryptocurrency influencers as it could be made with personal motive, but I was drawn to the statement made by Former institutional trader, Tone Vays; " BTC constantly drops 80 or 90% to make sure people know what they’re doing, that they understand why they’re in BTC. And I think there are so many big buyers of Bitcoin and they weren’t buying it for the right reasons. They were buying it to make a quick buck and to be famous and to make money for their investors" The current drop is bad for those seeking short term profit, and ICOs sponging on the growth of bitcoin. But I don't think it does much to the actual goal and target of this technology, Of course we all invest for profit. But true believers in bitcoin would be mildly shaken by price dumps, especially as it is expected in this space. What do you think? What's the support you envision? Could there be a silver lining in all these? Just some bullshits by some random person who claims that they are expert. To be honest, most of the so called "experts" just randomly blurts out whatever they can say to please other people. Just read most of the articles before where those "experts" predicted that the price will go above $200,000 USD within the end of the year, but exactly the opposite is happening. My suggestion is to ignore those experts and do your own learnings and become an expert yourself. |
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