As bitcoin grows and fomo is high, my tactics is not selling or buying, but converting. I’m converting the amount I would have sold to fiat, into altcoins. Wont tell which, as it is personal, but something amoung first 50 from coinmarketcap. Altcoins that have lost most in price. Tired of holding, want to risk a bit  I hope those altcoins will recover first, but then I will earn during so long waited altseason. I think you can just buy new altcoins with the gains you have made through bitcoin. A new investment in altcoins will be better and not converting your bitcoin to altcoins because if a lose come in the altcoins, you can't talk of profit made with bitcoin. hodling. No. I am not buying right now because first I don't have money to invest because I lost my day job, second even if I have money to invest I will still prioritize my family's basic needs and third I am not a long term hodler.
Advise is that financial challenges will always be there in any family. A man is full of challenges and if you keep with the idea of not investing because of helping your family, you may be poor for life. So learn how to balance your income and try to invest for yourself, your kids and family at large. |
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This is straight as you put it but I want to point first that in your topic, you didn't include stop loss for traders, I had it is important for those who want to make profit in trading. And now I still see your thread as fund that you are putting through. Although you are correct as it happened in the past, yes . So you making an early fud,lol. Anyway, this time may also be different because so many things are now involved and adoption keeps increasing with big players. |
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As about the Op asking if bitcoin price will come back to $20,000, this may be a longtime wait because of certain factors that need to be considered.
One factor is that the bull run happened despite the problem of covid-19. It didn't stop the bull and price started up from around first quarter of last year and gradually now selling at $36,000+
This can tell you bitcoin is really going to keep this range and institutions will buy more to hodl, meaning bitcoin will be scarce. When there be scarcity, we understand how price move in economics theory. Hodl more bitcoin for the future.
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Though my market is just In my Country but i can venture outside my place for the sake of Crypto trading .
i can accept Major coins Like Bitcoin ,Ethereum ,Litecoin and Some other coins that May be valuable for me .
Let me Hear from you and talk about the set up.
This is great. It will expand the scope of your business more and accepting of altcoins is the best of it because it will help to grow the cryptocurrency more too and the bitcoin dominance will try to come down. If altcoins are used for business transaction and payment, no doubt to it that the altcoin bull will keep to increase. |
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I can second that. My goal is still to have 1 BTC but now with BTC being at 35,000 USD it's getting more and more away. Also when you lose money in gambling it's hurtig your crypto portfolio a lot. Actually I wanted to switch some of my alt coins into Bitcoins, but at these levels right now it's just not possible.
You can keep making effort to own the bitcoin of your dream. I was really thinking how possible that is to own bitcoin if you don't buy it until I saw you talked on gambling. Yes with gambling, you can grow to have a bitcoin. We don't need to allow obstacles on our road to stop our aim. Despite we lose money while gambling, we can still succeed in it if we are determine and learn how to gamble. No success story that is sweet all through in the start to ending of it, so you can keep trying on it. |
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Stellar is surely going to rise this season. The coin has been a good project but has not been utilized for long just like many others. I'm seeing a new time high for these two projects because more buys are in line from the whales.
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I think I would go with a stablecoin with a more decentralized approach which is DAI, it's governed by MakerDAO
This is getting more popular and you are right about it. Dai is getting higher usage and this is because is playing the role of decentralized stable coin. Most user enjoy the Dai project for liquidity. |
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None of these thoughts are not impossible. Ethereum is the 2nd largest among cryptocurrencies. This means that Ethereum will make the biggest increase after Bitcoin. For Ethereum, my forecast for 2021 exceeds $ 3000.
I think your $3,000 prediction for etheruem is reasonable because of the way the spike and market cap is increasing at the moment. Etheruem increase should not happen to surprise anyone, etheruem is the second biggest cryptocurrency and has moved with bitcoin even the last time. It has been predicted as bitcoin was growing and those who both in are enjoying the bull. |
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It is always easier said than done. Governments will consider many things from using stable coins rather than own country's fiat money. And I don't think they'll gonna agreed upon that of stable coins being used with no fees.
You have such a good idea and suggestions OP but it is hard to implement this in reality. I'd also want to say that I like your advice since stable coins bridge the gap between the fiat money and cryptocurrency. I remember tether linked to the US dollar. Is this benefit their own economy?
I think stable coins is the reason that people look at regulation as possible thing to do in the use of bitcoin. The government also might want to have a taste of the stable coin to try the regulation but that won't be easy because fees are to be generated or charged at transactions even in fiat. Therefore, in the situation of the use of stable coin to regulate bitcoin, where will charge be generated or taken from. |
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if you want to follow the right path investing in etherium and bitcoin only for the long term.
These coins are very good but I think op will kind of look at coins that are yet to start the bull because bitcoin and etheruem have already moved into highs and investing now may be late except a deep comes. I think the investors now are looking into coins that are still low in price with minimal volatility but will soon grow as more activities will increase with them when more investors that were not able to buy high price coins will come downward to search for coins to invest. |
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Well to make more money in alts specially Ethereum, you should have invested on it while it is cheap.
This is right, a wise hodler should have put money in etheruem while it was cheap around 200 dollar but now is up there. Etheruem is a big altcoin that all know will do well as bitcoin was flying. For altcoins generally I think the bull will only start with the top altcoins first before altcoins below 50 position can move along. Etheruem is definitely a good buy but some others can give good profit because they are cheaper than etheruem and in profit margin. |
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My friend you have asked a good question but is difficult question to answer. I want to suggest you just focus on forum, read and understand how the environment is, you have a new account so you don't have to rush into bounty. You just need to have it in your mind that you will be scammed. You can take time to monitor the bounty section to see the manager that pays out promises to hunter. But, there is no guarantee in bounty because most rewards turn out to be nonsense reward. Bounty may waste your time. You can follow this thread if the op update new bounty but also be careful. https://bitcointalk.org/index.php?topic=5228629.0 |
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I regret people who suddenly invest their funds in bitcoin just because they want to get rich quick, in the last 2018 period there have been many people selling their assets, then investing in bitcoin and ending with a sad story. Hopefully this year many people will learn before deciding to invest their money.
As at this time bitcoin has made many more profit and the margin of profit is huge bro. If you check price now and you see the difference in march last year, you will appreciate the investment in bitcoin. Last year to this time is a wise investment for those who put in their money. Surely investment is about profit and lose and for now, it is speaking profit. |
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but as a last resort, order it online from trusted companies.
Lol but if you have online as the last resort to order for the vaccine you should also expect cryptocurrency to be included as option for payment means especially bitcoin. You see There is no way that you can escape bitcoin as means of payment when you are dealing online and currently, more institutions are also beginning to use it for transaction. So you need to move with the trend, if covid-19 vaccine are put online for sales you need to help yourself. |
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What TA should we see or other factors be it volume or BTC.D
The market will go up and down but how do we know when to go back into USDT or other stable coins and wait to buy back in
It is going to be difficult for such prediction. Now that the price has started dropping, is going to be a difficult time because even price drop is fud already as others will start to dump for fear of losing much and until a stage when investors will start jumping into the market again. It is wise not to invest with your eyes closed, you need more care now in the market. |
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Market drop is not the single reason that will lead to economic crash. Market drop is just one of the many factors that can lead to economic crash. That means it can be a factor if it persist maybe because the government has no money to inject back into the market. When government has no money, then it indicates that the economy is crashing or has crashed.
For market drop, is an indication of what is happening within the economy which can get investors to withdraw interest. When interest is withdrawn, the vibes in the market goes down because of lack of buying and selling and such withdrawal of interest may be temporal or permanent depending on the situation of the economy. So market drop shows what is happening in the economy and if all is good with the economy, the government is expected to provide some stimulus to bring back confidence and interest to the market.
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Banks are the main monetary system on the planet, and before they crash, they will create something to keep them in the game.
Yes they will try and get themselves going. In fact whatever that will replace the bank will still be within the banking pattern with little change maybe because of the modern kind of operation and cryptocurrency adoption. However, it will still have a level of centrality, housed under a roof with known physical address and controlled by the government. |
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We are not to get surprised about the drop. The bear has been waiting to come before price hit to 30k but instead of the bear at 26k, the price jumped and kept jumping to 34,000. The price jump deceived many traders to hodl longer but now we don't need to shout as the expected has happened. At every bull, we need to expect some correction.
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I congratulate all users who have been picked to start up this campaign. I wish you all the best. You can post away (in the voice of the manager, Hhampuz ) by tomorrow, 4/01/21. |
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