|
I think saving Bitcoins for kids is a good idea of your friend, one should not get panic of this market crash as such crash are normal in each financial market but investment should be safe means one should invest only the amount which he/she can afford to lose, higher the risk higher the reward, bitcoin investment may give a good return in future.
|
|
|
|
|
Sorry to hear about this huge financial loss you had, I think its not possible to get your coins back as same have been transferred to some other wallet.
Its not wise to keep all your coins in a single wallet, if you had 356 BTC you should have kept it separate wallets, if you could have purchased h/w wallet that would have an additional security even different soft wallet could have saved some amount.Its really a huge loss and I am sorry to hear it, pls be careful nextime you store your coins, this is not the end of the world, be strong to bear this loss, you will again earn coins.
|
|
|
|
Hey guys,
I got a few questions, i'm interested in knowing what people in the crypto industry may be worried about. What fears do you have in regards to crypto?
What would you say is in the back of your mind and pops up at times, a concern you have in the industry? What is it that makes you worry at times?
In all industries and markets there's certain concerns and fears pertaining to different issues, i'm curious to know what people fear in the crypto industry? Why?
What are your pain points in the crypto world?
If the answer is the obvious, afraid it goes to $0 etc.. then tell me why? what impact would that have on you, give me a explanation of what effect that has on you and in what way it concerns you, beyond just going to $0? I'm wanting to understand what the fears and impacts on people lives are in the crypto industry, obviously losing money because it goes to $0 and you become broke is an issue, but why? Explain it a bit more to me if thats your answer.
Main concern of crypto is there is no regulation to control it, many scam ICOs are opening daily which is shattering faith of common people in investing in cryptocurrencies, 7 people out of 10 are still not interested in investing in any cryptocurreny, aside to this banks and big financial institutions are behind crypto industry to isolate it, even Govts seems less interested in giving recognition to cryptocurrencies. |
|
|
|
|
There is no point of getting panic at this moment if you are a real crypto trader/investor, first rule of any financial market is " Invest only the amount which you can afford to lose" but most people break this rule expecting market to grow after their investment and that is a bitter truth, crash in any financial market is inevitable be it due to any activity and we need to accept it, wait for the right time instead of getting panic, markets are there to recover, if you withdraw of your amount with loss today you will regret tmm.
|
|
|
|
|
There was a time when ICOs were something to look at, each ICO was giving something and after a short gap after gap I was getting some profit, then there comes the period of middle 2018 crypto market started crashing and still continuing, dreams were shattered but not I am , I am still holding my coins with me, I am not going to give it for a burger, I am hopeful to get the market back on track, I am sure blockchain technology will be a revolution in financial world.
|
|
|
|
When i started trading i didn't know about money management , risk to reward , psychology and many things
I was just putting money and watching that i would make profit after some days i made a huge loss and i knew after losing that i was gambling
now i am have learnt many things about trading and now making little profits
My last saying is never put your hard earned money in to market before learning , it will take lot of time and effort to make profits, 1st learn then earn don't c profits while learning
Trading is not that simple, yes you need to work hard, watch the market with deep analysis then then start trading on live account with a small amount, I think emotions can only be checked on a live account, other to this you should have a concrete plan and money management for trading, even if your analysis is good and plan and money management is poor, you may not succeed in trading, trading is a gentleman game which needs to be done like a gentleman. |
|
|
|
Don't panic, even though this is difficult. this has happened several times this year. I think it's time to buy and give a positive response. because panic doesn't make the market better
I completely agree with you, market is already in downtrend for several months and was in consolidation phase for a long time, now again it has started going down since yesterday, I think this is to panic investors by big whales, I think this is the right time to buy, market may bounce soon or later. Market makers are very clever they always hit the market in critical times, be aware and take decision after calculating all your risk. |
|
|
|
|
Trading means business and you need to learn to do the business, its not only the market analysis but also controlling your emotions, money management which should be learn with trading, you can not learn it in a day or month or even a year may be less, learning trading is like walking on a rope and trust me once you are near to expertise in trading you need not to do any other business, keep investing your time in trading if you really like it, one day market will start talking to you.
|
|
|
|
|
I see such website as Ponzi schemes and these may run away with people's money anytime, pls note such website claiming fixed return always pay in beginning to win the faith of investors and due to common human nature anyone gets greedy with such scheme and invest a large amount and also encourage others to invest and in the last everyone gets scammed, so be aware, as long as you are playing with profit its OK, never ever invest a large amount and refer anyone know to you, if anyone asks to invest in such scheme do not take guarantee of his/her funds.
|
|
|
|
Low volatility doesn't mean stable. Bitcoin has experienced periods of low volatility many times, however this doesn't mean bitcoin is stable, not even close. We all know it doesn't take much for bitcoin to explode, either up or down. That's absolutely still in the cards, I mean everyone is waiting for the next bull run and some people are waiting for a big crash.
It's like saying, this bomb is stable because it hasn't exploded yet.
I am fail to understand who is saying Bitcoin is stable, there should be such statement from anyone aware of crypto nature, its not stable at all but going thr a sideways trend after a huge downtrend, it may breakout on either side but since its already very down so chances are there that it may explode upside after a small downside to panic people, this is my personal opinion. |
|
|
|
|
This fellow having below BTC address may be richer than you, he is holding 103 BTC in his account but unfortunately he lost the key of this wallet.
Its not wise to disclose all your holding here on public forum, its not about hacking, its about other factors too, also if you are asking someone to disclose his/her amount, you should first disclose it, pls have a look on below BTC address.
166BuLPWHUjqoqiYp5rGE3B5r5AmqgHpoL
|
|
|
|
|
It seems very difficult for any altcoin to replace BTC for next 5 years I believe, its not about BTC features but current market dominance of BTC is very high, common people do not know about other coins even ETH, so till the time cryptocurrencies do not come into day to day use and common people start understanding blockchain concept and recognizing other cryptocurrencies, its very difficult for any altcoin to replace BTC.
|
|
|
|
|
Yes I would like to call it financial democracy, in democracy people are free to chose any govt so as in Bitcoin structure people are free to do financial transactions w/o any third party involved due to its decentralize structure. I see it as tough competition to financial dictatorship controlled by big financial institutions.
|
|
|
|
|
Banking is a business, they really do not care about anyone's money, be it poor or rich they are more interested in getting profit from everyone, this is a pure business like any other business, banks just sell their financial products. Now why banks are behind cryptocurrencies, its because common people have started investing in Bitcoin and altcoins, also many of crypto traders are now doing transactions thr blockchain which is indirectly affecting bank's business, now suppose every sale point starts accepting crypto as payment then how much loss would be to the banks with such transactions, this is the reason banks never want cryptocurrencies to exist.
|
|
|
|
|
Technical analysis is one of the finest tool to predict the market if it is done in the right manner but trading is not always done on basis of tech analysis. Fundamental analysis is another kind of analysis which can predict the market
|
|
|
|
|
Its really a hard time, we are in downtrend for a long time, asset values of investors have decreased many folds, market really needs to recover, what I think is market is in side trend now and it may recover sooner or later, lets hope for the best, keep your assets with you do not panic to sell it.
|
|
|
|
|
ICOs were paying well in 2017 but now most of the ICOs are not able to reach hard cap as investors are not much interested in investing money in crypto due to recent crash but still some good projectors are there which have good concept behind it, before choosing any bounty one should thoroughly study project, other important thing is how much rewards project has kept for bounty program if reward is less then its not wise to waste time on that promotion, good amount offered is worth working.
|
|
|
|
|
I too wish I could have dumped all my coins in Late 2017 or early 2018 but up and downs are two faces of market, today we are regretting it tmm we may smile when market will rise and break high of previous year, lets hope for the best.
|
|
|
|
only with a number associated with their bitcoin address. Since this number cannot be practically utilized like food or dollar, that means that investors engaged in a one-way transaction.
The dollar or any other fiat currency can not be practically utilized but are assigned a value by the banking sector of their country of origin. The dollar has no intrinsic value, no equal effort is put into making it, $5 cost as much as $100 bills. Bitcoin is also a currency which is assigned a value, not by the banking sector but by the community as it is decentralized. And this value is designed to be higher than the cost of production. The problem lies in the fact that you see BTC/USD pairs on exchanges, and it appears to be pegged to the US dollar. With increased adoption it would gain more practical use and can be easily pegged to commodities or labour. Of course there are limitations to such level of mass adoption, but that doesn't make it a ponzi scheme or a one way transaction protocol. Completely agreed to your point, even if we think about gold, its just a metal but high demand has increased its value else its not a necessity for anyone, being a decentralize currency Bitcoin is accessible to everyone and w/o any third party intervention, its the common people who increase or decrease demand, one need not to be worried about bitcoin physical presence or its use till the time it has high demand. |
|
|
|
|
Yes a high risk is involved in trading Bitcoin, price rises and falls sharply, now a days its trading in range but whenever there is breakout it will be one sided, if its with you then your equity will rise many folds and if its against you then you may lose more a high percentage of your equity, so always invest after proper analysis of the market and invest the amount only which you can afford to lose.
|
|
|
|
|
Show Posts
