During the past 24-hours, the prices have increased by around 20%, but I would consider the correction to be over only if the exchange rates breach the psychologically important $10,000 per coin level. Hopefully, that will occur within the next few days.
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Everyone is forgetting the fact that Bitcoin even now is sitting on top of 600% gains from 2017. Everyone was happy when BTC went up by 2,000%. But panic selling is triggered when some of those gains get washed away.
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I would not rely on Ripple right now. Although this is not the best time to enter the market of crypto, you should better deal with smaller altcoins and keep them for a very short time to sell after. Fargocoin is not bad, for instance.
Buying the smaller altcoins is outright suicidal, especially during the current market conditions. Even established alts such as Monero are dropping quite heavily, with up to 80% declines. If you invest in the smaller coins, then there is a chance that you may lose all your capital.
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I would prefer Waves, because I feel that Ethereum is quite over-priced right now (the exchange rate is close to all-time high, versus BTC). On the other hand, the prices of Waves have gone down by as much as 80% during the past few weeks.
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I think it is gonna have a value not less then 30 000$ maybe more. Some experts predict that bitcoin is going to worth 100 000$ in 5 years
This year it's all going to be missed, if bitcoin can never drop below $ 5000 then I'm sure bitcoin prices could reach $ 100k at most 5 years from now, and if bitcoin price drops to $ 1000 then all those predictions are useless because bitcoin is hopeless again. This crash is different from the previous ones. Previously also Bitcoin had 60% and 70% drops. But they were spread out over many months or even years. For example, we had a 85% drop during 2014-16. But this time, the crash happened in less than a month.
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btc will still remain a king of crypto for sure
Not sure about it. The Bitcoin dominance in the crypto-currency market is at all-time low, at around 35% (compared to 61% a few months earlier, and 90% two years back). BTC is now facing a lot of competition, and the threat is not just coming from alts such as XRP and ETH, but also from the forked coins such as Bitcoin Cash and Bitcoin Gold.
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Buying bitcoin now, may not be the best of ideas, as it cannot be confirmed if the price has reached bottom. It could still be that the price may go further down. As the case is, at the moment, i'm just observing the market to know when exactly to take a buy position.
For the past 7-8 days, the prices have been going down continuously. So I would say that purchasing any crypto-currency is quite suicidal now. I would rather wait the prices to stabilize before doing any sort of trading.
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Guys,
I would like to give my impression about the market. I really believe that the sell off will continue on. I guess, BTC will lower even more and we will see DNR at 60 cents in 2 or 3 months. BTC will hit the 2 or 3k. There could be a short recover this week.
Everything is pure speculation. I already speculated before. I think DNR is a great Project, is just a phase.
Theoretically, it is possible that Bitcoin can go down to $2,000 per coin. In that case, all the altcoins including DNR can go down even more. IMO, this may represent an opportunity to purchase coins and further increase your holdings.
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Ethereum went up against Bitcoin by quite a lot. The latest crash almost had very little effect on this coin. Another coin which proved resilient (at least in the beginning is Ripple). But during the past few days, it had crashed quite hard.
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If you take the necessary precautions (such as enabling 2FA and using gmail for email verification), then I would say that you will be 99.999% safe from hackers. The vast majority of the hacks occur due to the carelessness of the user.
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Almost 90% of "Top100" coins are today in GREEN but only single digit green so you are probably right about the fact that bloodbath is still not over. There could be one big REED coming tomorrow morning. It is back to red. Bitcoin has gone back to the sub-9,000 levels and as a result most of the altcoins have also crashed. The situation is still quite volatile and I would advice anyone who is considering buying crypto to wait until the market is stabilized.
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Bitcoin can survive without India and China, but it will be much better if the markets in these two nations exist. Right now I am more concerned with Japan, as it is the only economic super-power which has completely legalized the crypto-currency.
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If you check the valuation of the tech stocks in 2000 and compare them with today's prices, then it can be seen that a large number of them survived the bubble and increased their value. For example, the market capitalization of Apple is 40 times higher now than it was in 2000.
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Bitcoin until now still more profitable more than gold. For me, for invest I will choose bitcoin and the second gold. I invest bitcoin and gold, but I see bitcoin increase faster than gold. We can also get bitcoin from campaign.
Bitcoin gave almost 15x returns in 2017, while gold gave less than 10% returns to those who invested in it. But then, in 2018 (till now) bitcoin is having negative returns (30% to 40%), while gold is having a positive return.
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I think the whole correction might not be over yet .. See how the market develops over the next days.. Buying the right coins now might be just as good, even if the market drops a bunch more, it will surely recover, be it a week or a month or 2. If the situation in South Korea improves, then Bitcoin Cash can go up by quite a bit. During the past few weeks, it had lost more than 70% of its value. Another coin to look out for is Litecoin (if demand in China picks up).
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There is a lot of speculation surrounding the minor forks of Bitcoin, such as Bitcoin White, Bitcoin Hot and Bitcoin LIZA. They are listed in a few major exchanges and seems to be having quite healthy volumes. But I am not sure whether any of them will survive in the long term.
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Bitcoin may make you rich, but the already rich use Gold for safety.
Well, that is the primary difference between the two. Gold is quite useful, when you want to keep your wealth stable. On the other hand, Bitcoin comes to picture, when you want to get rich. That doesn't mean that investing in gold is not profitable. If you look at the charts, then it can be found that during the last 20 years gold has given more returns than the DOW JONES.
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It is not really surprising to have so many people supporting and favoring gold over Bitcoin. Gold has been in use for more than 5,000 years now, while Bitcoin is less than 10 years old. So it is natural for people to trust gold more than Bitcoin.
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SouthXchange is a very small exchange, when compared to Cryptopia and Livecoin (daily volumes are in the range of $100K to $150K). Still, I would say that this is great news! If more and more exchanges list DNR, the coin will get more popular and the exchange rates will also rise proportionally. Any exchange listing is good. At least someone can start using DNR to transfer funds to another exchange. Please don't misunderstand me. In noway I was minimizing the importance of this special occasion. SouthXchange can be a stepping stone in our long journey to make DNR one of the top cryptos, in terms of popularity and market capitalization.
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Who is agreeing to pay taxes? Personally I would avoid paying taxes, if I could. But still I am forced to make my monthly payments as I am well aware of the legal repercussions if I fail to do so. No one likes paying a significant chunk of their hard earned money to the government. But there is hardly anything that we can do about it.
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