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From the OP analysis his price movement is based on technical analysis and historical price behavior point of view basically fundamentals analysis is the brain behind those corrections which wasn't considered there, while for every pump in price a price correction is usually imminent however the present price of bitcoin had corrected to a very strong support which seems to be holding it and based on price action candlesticks formed in the last few days ago on the daily timeframe had shown some sign of exhaustion signalling the end of the long overdue correction of the price.
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Anonymity and popularity of Cryptocurrency are two of it's the best attraction.
And Cryptocurrency games are more transparent.
Will, there comes a time that all online gambling sites will be Cryptocurrency based?
Crypto-based gambling sites are still behind in the competition. Sites like Bet365 have over 35 million users whereas biggest of the crypto-based gambling sites have at max like 1M users. But the thing is crypto gambling is much more anonymous and non-traceable. These features surely attracting more and more people towards crypto gambling. The only condition when all online gambling sites start using cryptocurrency is when users demand for that. Consumer is the king! As far as users are ok with fiat gambling, I don't see any reason why sites like Bet365 will switch to crypto. Gradually the numbers of crypto based gambling sites is increasing although they have not meet up to sites like Bet365 as you rightly said however as the numbers of cryptos users and enthusiast increased more gamblers will divert to crypto based sites based on it anonymity while the compulsory KYC for fiat based gambling sites is quite discouraging and shelving new gamblers switch over to crypto based ones. |
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This site is a very good addition to the list mentioned by the OP I regularly visit this site and put my technical analysis into action this site gave signals of cryptos pairs based on Japanese candlestick pattern eg Engulfing bar, Pin bar, Haramis etc however it is the trader discretion to use them for trading or combine them with some indicator all these tools will absolutely aid a trader to make a devise a working strategy and make profits consistently. |
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The bounty hunt is coming to an end, that's true. Fewer and fewer good projects can be found. But there is another side. Good projects that work and develop, often arrange various contest in which you can also participate and get a good reward. The news about Bitcoin surprised me. I'll read the article. Thanks
Fewer quality and credible projects is what is needed now rather than worthless quantities flooding the crypto world, projects without any values and unregulated ICOs that will disappear after collecting investors funds had filled the cryptospac, while bounty hunters wouldn't get paid for their efforts its high time bounty hunters finds other alternative of earning some bucks. |
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What do you think Bitcoins biggest vulnerability is?
I think its biggest vulnerability is how hackers are having a field of day and easily stole millions of bitcoin in big exchanges and from individuals the recent hacks had absolutely send a wrong signal to potential investors both cooperate and individual who are afraid of possibly becoming a victim, hackers sophistication is absolutely sending fears into cryptosphere consequently posing a bigger risk to investment. |
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Bitcoin will not reach $ 1 million price before all Bitcoin is mined. I don't know the exact time but I guess this will take a lot of time, maybe 2050.
Bitcoin reaching $1 million is fictitious and unrealistic as you rightly even before its completely mined that price quoted by the OP is outrageous which can never come to pass the last ATH was in 2017 when it hit $20K since then the price couldn't reach another ATH rather the price dumped however many be in 50 years to come bitcoin might pumped to a reasonable price mark however but reaching $1 million is absolutely not feasible. |
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Without regulations then will continue with the risks associated with cryptos both as a bounty hunter and investor I always clamor for regulations in some certain aspect of cryptoshere especially in ICOs which had been scamming and defrauding a lot potential investors by collecting their funds and disappearing into thin air, this is absolutely a major obstacle militating the growth of cryptocurrency thus a well regulated crypto market will scrutinized the bad eggs out of the system and enhance confidence and bring credibility into cryptoshphere.
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I got to learn more about bitcoin when the popular ponzi scheme Mavrodi Mondial Movement (MMM) was about to go bankruptcy they devise a means of payment via bitcoin this got my attention and I made well through research to get more information about bitcoin in late 2016 luckily for me I bumped on this forum where I got a detailed and updated information about bitcoin how to buy, hodl, mine etc I immediately became a bitcoiner since then I never look back while I tried to also bring in my colleagues into it.
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This is a good starting point for new people. However, you really should probably explain when people should buy on these indicators. All you do is explain what the technical analysis tools are. You never really explain when people should buy or sell using them. For instance, on Bollinger bands, if the candle is crossing the bottom line, it's probably a good time to buy and if a candle is crossing the top band, it's probably about to come down in price a little bit, so you should sell.
It is indeed a detailed articles on technical analysis he should have included how to spot those zones or areas where to buy or sell with those indicators probably he should have added some candlesticks patterns formed coupled with those indicators just like bollinger bands you mentioned which will signaled a short or long positions, overall its an eye opener for newbies in trading particularly how to spot those resistance and support zones. |
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I think this is not a good time to buy now because it looks like there is only a small resestance in buy orders that can lift up the price again back to 15k or more. 7.5k is good time to buy since it look like that price wont goes down anymore but that was just my openion anyway.
From charting point of view until I see an exhaustion bearish candle of the daily time frame of BTC/USD then I begin to watch how price react at the resistance zone of $7.5K then all will be set for a bullish runs else I will keep watching price action all these from my own technical analysis. it is not about buying dip now as the OP insinuated there should be kind of exhaustion of the bearish candle and some bullish signals indicated by some Japanese candlestick patterns like pin bar, bullish engulfing bar etc I will buy when those signals occurs. |
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I started trading as far back as in 2015 with forex trading I started learning it through a site called babypips where you can learn trading from elementary stage up to advance level its was a good experience and I learned a lot about both fundamental and technical aspect of trading, thereafter I registered with a forex broker and started practicing via demo, it wasn't easy initially due to my over reliance of lagging indicators for my trading which ended in losses in most the time, however after a period of time I do away with those indicators and studied candlestick patterns plus price action which I depended on to take trading decisions.
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Money laundering and terrorism has been a major problem even before the introduction of cryptocurrencies, thus the major task remains with various government to monitor all forms of transactions via cryptos by ensuring compulsory complaint to KYC this will enable the authorities consigned to track any form of illegal transaction by questioning the origin and the source of the fund.
We are all aware of the threats posed by ISIS, BOKO HARAM, AL QUEDA etc these are major terrorist organization that needs funding for their dastardly acts and to carry out their operations of course they might divert to using cryptocurrencies to transfer funds for their day to day activities.
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Well, it's never a good idea to make general assumptions about something based just on few examples. Nigeria had lot of negative attention due to big number of scams from this country, but I think Nigeris isn't exceptional in this topic. You can find lot of scammers in all corners of world. And unfortunately for Nigeria it will be difficult to change their image into positive side, because this stereotype about scammers is already deep in people heads.
This story is very nice. 7.8 BTC is a lot of money and it's amazing that original owner was able to get it back. Because often in such situation it can be impossible to find it. Even if you have good intentions, sending Bitcoin back to sender's address could result that these BTC will be lost forever, for example if that person used exchange address.
Honestly negative news spread like wild fire especially when it originates from Africa, frankly speaking many countries are also culprits but the bad eggs among Nigerians had battered its image such that much attention focused on that country negatively others countries like Philippine had some cases of scammers which had not widely reported however a singular act of honesty by this Nigerian crypto educator returning a whooping $80K worth of bitcoin is highly commendable and shows that good people are abound in Nigeria. |
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The crypto market for a period seemed to be on a bear market,and for some reason much later prices started increasing again.What can be said about the market at this period,are we on a bull or bear?
In a long term perceptive using the monthly chart as a point of reference the price of cryptos is bearish while on a short term its bullish i.e good for experienced day trader, hence the market is bearish now (short term ), however the price might have reached a support at $8100 thus indicating a possible bearish runs as we approached the last quarter of the year thus there is the tendency that the prices of cryptos will be bullish before the end of the year. |
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There is now a lot of news about Satoshi Nakamoto coming up or uncovered are you still excited every time there is news about new discovery on who Satoshi Nakamoto is and his whereabouts.
We have fed by so many lies about this Nakamoto pretenders some of them are good storyteller some of them might be true I have a hard time analyzing the best version of the story.
A lot of people are pretending to be satoshi nakamoto and I dont know who was the real satoshi nakamoto or does he really exist. Before i was interested to know the real satoshi but a lot of nrws are comibg up telling a story about him and it confuses me a lot. Then I realize that i am bot earning money by doing that so now i dont care about who was the real satoshi nakamoto. Whats the most important is my investments I had read many unverified news of people claiming to be satoshi nakamoto without cogent evidence to ascertain their true identity as satoshi the fact that blockchain is synonymous with anonymity, many are showing up lately I believed the real satoshi will never reveals his identity for safety reasons by and large his work had revolutionized digital currencies through the deployment of blockchain technology having done a through job in his whitepaper, I would also be eager to know the real satoshi however I don't think this will come to pass. |
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Any body here now how to predict bitcoin price. Or is there a hint how when to buy and when to sell bit coins. Or how to make profits on buying and selling bitcoins.? I want to try buying and selling crypto currency.
Since no one can read the future then is impossible to predict the price, but a wise move is to follow the news, if news talks good about bitcoin it should go up, if talk bad it should go down, but not always is this way. If you want tome nice news sources i will leave a couple of links for you: https://www.coindesk.com/https://cointelegraph.comThe best method to predict the price of bitcoin is the fundamental news which has a better edge over technical analysis just as you rightly said the OP should stick to news in those sites and monitor news about bitcoin has it unfold thus make an appropriate analysis before taking the decision to sell buy bitcoin or sell however predicting the price is a mission impossible and can lead to streak of losses if the buyer did not make through research and take the necessary precautions. |
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Country like Ghana has a lot of natural resources yet every year the nation do their Budget in USD. Investor traveled to Ghana and buy their resources with USD. Which make the national Currency got no value. Do you think if Africans develop and adopt their own digital Currency it can bring Change and value to their local Currencies?
For Africa to develop their own digital currency it will be very difficult because of lack of political will to do so and some bureaucratic policies that will militates against the implementation and adoption of the digital currency, Having the technical Know-how is another factor and how to implement it will take another milestone in doing it of course if Ghanaian government can muster courage and adopt buying of their natural resources with their own adopted digital currency its gonna boast their foreign exchange and enhance their monetary growth. |
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yes, this year is the worst for ethereum. but the current price is still better than the end of last year. at that time the price of ethereum even went below $100. now the price is eth $180, hopefully this will be a good start to start. I'm still sure the end of the year ethereum will be bullrun.
The bullrun started a few's days ago, ethereum pumped to $219 last week after gaining some momentum and volatility but the the bullish run had subsides a bit and down to $175, the weekly time frame indicates the ethereum had hit a support at $168 and holds indicating a gradual push upward just as you rightly said before the end of the year ethereum will returns to its bullish run hence this is the appropriate time to buy and hodl. |
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Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great.
I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative.
Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?
Lots of learning resources and free courses are available on the internet just sign up with a broker where you can practice and demo trade your chosen strategy its better to learn how to fish rather than subscribing for signals from Tradenix, although it may take some time before mastering your adopted strategy if you muster courage and learn with passion and dedicate your time definitely your efforts will paid off in a long run. |
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In my country most of the previous elections was not credible and transparent enough while the losers always calls for outright cancellation of the results having spent huge amount of funds in conducting the election. however I have been in forefront of enlightening my fellow countrymen and authorities concerned the importance of adopting blockchain technology in electioneering which will enhance a free, fair and transparent election however some schools of thought believed that the technology can be hacked which I rebuffed out-rightly but they aren't convinced yet about my explanations on adoption of this technology, I had decided to continue to promote it.
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