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I disagree with you on the fact that you think Bitcoin is the only safe haven currency (cryptocurrency). Ethereum and other well developed crypto coins have good credentials which also makes them a safe haven currency because they also present decentralized platforms free from central authorities controlling how things are done or transactions made on the platforms.
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Right now Bitcoin is climbing up so fast, In the CMC Bitcoins' price is $7,875.26. Its a great news, Do you think it will be the same as what happened on 2017 ? What are your thoughts about it ?
There is no way what happened in the crypto ecosystem in 2017 is gonna happen this year 2019. The highest market price I see Bitcoin attaining before the year ends will be between $10k and $15k. In as much that there has been a massive increase of the price from $4k to $7k plus does not guarantee the same story of 2017 to 2019. |
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Looking at the current state of the crypto market, I will advise that you invest your $20k in Bitcoin and Ethereum but it should be a short term investment. Both ethereum and Bitcoin has a good potential of making you earn about 50% of your $20k within a short period of time. But you should do some research before investing.
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Investing in Bitcoin either short term or long term does not really matter if now is the opportunity or not. With cryptocurrency especially Bitcoin, every time or day is an opportunity to invest in. All you need is knowledge and understanding on how the entire bitcoin ecosystem works and the contributing factors affecting the market price of the coin. With this, you can develop strategies to meet your investment plans.
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Looking at the current state of the crypto space and the crypto market, long term investment plans are usually made by people in the crypto mining ecosystem. Buying and hodling tokens or crypto coins for a long time is no longer profit as compared to short term investment plan or daily trading. Daily trading presents investors the opportunity to earn about 50% of their initial set up capital within 48 hrs which is far profitable than hodling a particular coin for months and just make 10% of your investment.
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Currently, I'm actively taking advantage of the situation of the crypto market by actively trading in Ethereum. My plan is to continue trading and developing strategies to maximize my profits. But for Bitcoin, I'm hodling it and trading ethereum because of its profit margin and its low level of risks in terms on losing your invested capital.
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What are your views on the current state of Crypto currency markets ? How does the future looks like?
The future of 2019 crypto market looks very promising. Base on my observations, 2019 will have similar market raise in 2017 but it will not be as massive as it was in 2017. The crypto market is currently experiencing the early stage of the bull run for this year which can be considered as the recovering state. |
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People are gradually understanding the intended purpose for the creation of Bitcoin and how relevant it is to the financial ecosystem. It is a good progress of bitcoin and the entire crypto ecosystem since the world is gradually recognizing the importance of cryptocurrency. I wished other aspect of the financial ecosystem also accepting Bitcoin or cryptocurrency as a means for transaction of goods and services.
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Bitcoin is definitely the king of cryptocurrencies in as much that it has the highest market cap and volume, majority of these cryptocurrencies in the crypto space uses the bitcoin algorithm protocols as their core protocol to build their blockchain network on. This indicates that Bitcoin is the basic source code for these cryptocurrencies and since its blockchain protocol is used in their platforms, there is no way Bitcoin will be taken aside.
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Right now the price is under 7300$ and earlier was over 7500$, we can't be sure 100% that a bull run already started, we need to wait more before bull run in my opinion.
In my opinion, we are currently in the early stage of the bull run of Bitcoin. In as much that the price of bitcoin moves up and drops down doesn't not necessary mean that the bull run hasn't started. Looking at the price of Bitcoin in January of this year and now, there has been a massive increase in the market value of Bitcoin. From $4k to $8k and you are not 100% sure that the bull run has started? What again do you need to be sure ?? |
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From my personal experiences in the crypto ecosystem, I don't really think and see Bitcoin or cryptocurrency as user friendly. I remember my first time trading some tokens i had for Bitcoin on an exchange platform, I lost about 10% of the actual worth of the tokens just because I had some challenges trying to sell my tokens for Bitcoin. Most of the cryptocurrencies require that users have a little technical skills. But I think there are new platforms being introduced into the crypto space trying to bridge this gap.
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It seems that this ridiculous bitcoin pump is just an inside job of exchanges, they pump bitcoin price by spending their own crooked USD-T not covered by USD 1:1, the price goes up, and as it doubles, they just cash out the profit and coverup the deficit of real USDs by cashing out the 8000 vs 3500USD difference.
The 4k to 8k pump has fundamentally very very low reasons to happen so suddenly except any conspiracy...
Thoughts? Many previous sudden BTC pumps were proven as a fraud before - remember Mt. Goxs pump to 1000+USD in 2013, Sergei Mavrodis sudden Ponzi-scheme pump from 300 to 600USD 2 years later etc.
In as much that we can tell the main cause or factors influencing the current pump in the market price of Bitcoin, I don't agree with you on the fact that this pump is an inside job done by the exchange platforms. You need to provide and present strong evidence to back this your claims and assumptions. |
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Any small increase in the market value of Bitcoin drives the attention of both new and old investors into the bitcoin ecosystem with the aim of either investing into new projects or existing projects to increase the amount of Bitcoin they have. Due to this, scammers take advantage of this condition to scam investors off their money by developing crypto projects just for investors to input their capital in without verifying how legit the project is. This usually happens when the price of Bitcoin is in a massive growth within a short period.
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35 days ago I started a thread and I told you btc will go 9k$ bcz china banned miners, but some of you dont believed me, Today BTC is 8100$ in some exchange, Here is that thread: https://bitcointalk.org/index.php?topic=5130327.msg50545198#msg50545198Now I have a good news , BTC to 50k$ bcz china banned miner, my friend in China confirmed 90% of miner in china are shutdown. BTC can easy go to 50K$ and more. Less miners = More Demand = increasing price, as simple as that. How sure are you that the Chinese government has banned Bitcoin mining in China? This speculation has been in the crypto space for a while now but there are no evidences and proves to back this claims and speculations. Looking at the current state of the crypto market, the factors contributing to the massive increase in the market value of Bitcoin can't be determined or seen. |
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hahahahaha... Bitcoin is not even accepted in all countries yet and people are thinking of it being used in Mars. Its high time that all these jokes should stop. We need to share information that will encourage people who have little or no knowledge about Bitcoin to start researching and using it for their transaction of goods and services...
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Base on my recent observations made on the crypto ecosystem, new projects do not use ICO as the method to raise funds for the promotion and management of their projects. Investors in the crypto space no longer invest in projects that have ICOs as their main method to give people the opportunity to own a share in the project in the form of selling them tokens or crypto coins to present their portion of the shares. IEOs are currently the preferred crowdfunding method by investors.
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Dear investor!
I have never invested in any ICO. I saw that most of the token / coin after being list on exchange was depreciated by more than 50%. Are you disappointed or all of that is in your plan ?
Thank you!
Due to the emergence of a lot of scammed ICO projects in the latter days of 2018, most investors do not invest in ICO projects. 2019 presented IEO as a most reliable method and option for investors to invest in the crypto space. IEO was introduced to solve majority of the problems faced by ICO regarding scam projects and investors loosing their investments. Currently, about 90% of investors do not invest in ICOs. |
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Its not about trusting new platforms but knowing their relevances to the crypto ecosystem and they intended purposes and missions in bridging gaps in the world and the entire crypto space. Knowing how feasible these new platforms are can help you decide whether to trust them or not.
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Now that bitcoin is at 7000k plus is mining becoming profitable again? Or bitcoin still have to surge more in price before profitable mining returns?
Cryptocurrency mining has always been profitable in as much that the market value of most coin dropped. Mining is a long term investment venture which has good return profit depending on the current value of the crypto coin you are mining. Massive increase of the coin just doubles your profits. Most people in the mining ecosystem understands that they can only make profits from mining cryptocurrency after a long period and time of mining. Mining for two days or a week can't be used to tell how profitable mining is. |
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What is the main cause that makes XRP prices rise significantly to reach the price of $ 0.41. Or indeed this is the impact of changes in the conditions of crypto market capitalization in the last few days. Give your opinion here about XRP and the latest news. Thank you all.
I believe the massive raise of Bitcoin is the major contributing factor to the quick increase in the market value of XRP. Currently, almost 50% of people in the crypto ecosystem believe that the bull run of Bitcoin has started which will later have a massive influence on the market value of majority of the cryptocurrencies available on the crypto market. And I think the increase in the market price of Bitcoin is the major contributor to the increase in XRP. |
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