The bitcoin is doing great . Because the price is increasing from they started and the year 2017, but yhis year the price totally dumping price but it's not problem because the price is very high compared to the price ahen thry started until today. Event he price decreasing I still here to support bitcoin because I believe it will recover again because many new investor will come again.
as long as we can stay calm and not attracted with the negative news in out there, we are fine and we can watch where the price wants to move and more bitcoin if we want to. besides that, if we are not losing our faith in bitcoin, then bitcoin will give a surprise for us and bitcoin won't disappoint us and I am sure that the price can increase higher even more than the last highest price that we see in December. There are many sources spreading bad news about bitcoin, some of them are factual and true but some are nothing more than speculation and sometimes they are fabricating stuff or distorting the truth and they are doing that precisely to destroy the confidence of the people in bitcoin and undermine it that way, but for many of us that know what bitcoin can become things like that are never going to work. |
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I have lost 96% of my portfolio value since January but I have been watching some videos claiming that a bigger upside and bull run is coming which is much bigger than the one that came previously. I just hope it starts coming over the next three months because this bear run has lasted six months and has dwindled our supply to the point that we might not survive this if something does not improve by October time. So my prayer is that we hodlers are vindicated and soon something good happens t us as well.
I'm not trying to be too harsh to you since you are already losing that much money but if you are losing 96% of the value of your portfolio I'm not so sure that this is because of the current crash of the market after all a coin like bitcoin is only down something close to 65% so how can you justify the rest of the money that you have lost? Next time try to select better coins. |
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Make sure first that your charity is legal and that all people that you transact with are trustworthy, do not just give away bitcoins since there will always be scammers and phishing sites. I agree in the idea that it is better to give anonymously and with bitcoin we can do it, the same goes with fiat, if you really eant to give anonymously, simply, don't give your name and details, and when it comes to charities it is better to give in kind than to give money, so therr will be no issues.
My answer to your next question is yes, all payment will be digital soon and fiat will be obsolete, it is better to accumulate as much as you can for now, so in the future you will have a positive capital gain.
This is the right answer, before you give the money to anyone you need to make sure that they are a real charity that exists and it is real and it really helps people, there are many scammers out there that will do anything to get some of your money and will abuse the trust of people, in fact in the past I have seen some users trying to pull something like that asking for money for a charity, as you may guess since they could not prove their claims no one gave them anything. |
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Ethereum has significantly lower capitalization so I think that the growth of this crypto currency is more likely.
The market capitalization of a coin is not everything, ethereum is the most commonly used cryptocurrency to buy into icos and as we know that sector of the market is the one bringing the most attention and regulations, which means that the usage of ethereum needs to go down as it is more difficult to buy coins thanks to regulations like know your customer policies. |
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Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
You are exaggerating, it is true that lately we have seen many governments implementing regulations to the market of cryptocurrencies and even if we do not like it, it was obvious something like that was coming especially if we take into account the huge growth that cryptocurrencies had in the last quarter of the previous year, but that does not mean that a more open war against cryptocurrencies cannot start in the future. |
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I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.
Description of the experiment:
"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:
How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "
He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?
It is a good experiment but it is also a risky one, many of those investing in cryptocurrencies can afford to lose their money if something goes wrong but it seems your compatriot will really need that money in the future since he is thinking of this as a retirement account and this means that under the wrong circumstances your friend may panic and sell at a low price and lose most of his profits. |
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what do you guys do if you have a lot of coin but the price is very cheap? will you buy that coin again after it hold it until the price goes up? how best do you think?
Thanks.....
The important part is not the absolute price of the coin, but at what price you bought, a price that may seem cheap for someone that is just buying the coin could be a high price for you if you were able to buy the coin during the ico, however if you bought at a high price and the price went down you only have two options, if the coin is good then you need to hold but if it is not then you need to sell before you lose everything. |
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My opinion is that in time Bitcoin market share will keep reducing, as many other coins and tokens and platforms will keep surging.
In the long term, the blockchain technology is very disruptive. Bitcoin will more likely compete with Gold, Ethereum will provide a backbone for many uses.
So I am not really sure a collapse is incoming, it depends if a real bubble will quickly form.
I do not know if the market share of bitcoin is going to keep reducing, it is true that is the general trend that we have seen in the last months, but many of the coins that are taking market share out of bitcoin are not really that solid and some of them were hard forks of bitcoin that do not have any real value and are there only to allow traders to speculate with their prices. |
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When I first started to know bitcoin and cryptocurrency, I forgot my private key. But luckily I just lost a bit of bitcoin in it. It was an experience that newbies should avoid. What makes me so upset is that investing in bitcoin will bring in a lot of income. Making money is not as easy as you think. Be smart in your way of making money.
It is a good thing that you have learned from it and you only lost a small amount of bitcoin, unfortunately not everyone is so lucky and there have been cases of people that lost a fortune in bitcoin back in the day and now that the price is so high they have lost tens of millions of dollars just because they did not protected their private key, so make always sure you have a backup just in case. |
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The reason to invest in ethereum or in bitcoin is not really complicated, those two coins have showed time and time again that are the best investments in the market and as such your money is safer when invested in any of those coins, however in my opinion it is way better to have your money invested in bitcoin, because while ethereum is great there is no comparison when it comes to the level of adoption of each coin.
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We all have seen how bitcoin crossed $20,000 in December . When do you think this will happen again?
Knowing when that is going to happen is not easy, after all how many people predicted that bitcoin will reach a price very close to 20000 by December of 2017? Not many I guess, and I suppose that the same is going to happen the next time bitcoin reaches that price but if I were to give a year I think we're going to reach that price at the end of 2019, with a big difference, that the price will go up a lot more and then when we see a correction 20000 is going to become the base price of bitcoin. |
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Blockchain makes it hard for fraudsters to do their work... if only blockchain will be applied to every aspects of technology, believe me - the government will eat shit; they can no longer break the rules and there would no more be red tapes. Free thinkers would definitely understand what am I talkin about.
If anything it is the other way around, scammers are having their way with cryptocurrencies, because as we know once you send your money to someone else and that transaction gets confirmed there is no way to cancel that transaction once it is in the blockchain it is there forever, however one big advantage of a currency like bitcoin is the hard limit of the coins so governments cannot print more of it not only because they do not control the network but because of that hard limit. |
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I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
I really do not think that is too surprising that a lot of people here will suggest to you that you invest in cryptocurrencies and while that is a predictable advice at the same time it is a very good advice, where you can get the profits that you can get in this market? Where you can get the profits that we can get in the timeframe in which we got them? So while there are safer investments if you really want to multiply your capital this is the market to be. |
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At this moment am confused as to which currency to invest in. I need advice please
But once that you receive the suggestions what are you going to do to select the best suggestion according to you? You see that is precisely the problem, you are confused about the market and now you're asking for help and there is nothing wrong with asking for help but instead of trying to obtain knowledge so you can tell which coin is going to become successful in the future you just want us to suggest you a coin but if you do not know exactly why people are suggesting you that coin the chances you lose money are great. |
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I think 20k USD is pushing it for 3 months. I would say that in 3 months time we wil see a steady increase in price of all crypto currencies then a strong rise by the fourth quarter. I'm no stock market analyst or even a crypto currency analyst but i would say by trend i see we wil see BTC hit 10k USD by August maybe 20k USD by the end if the year.
I think that even 20000 by the end of the year is still too much, unless the developers give to us a big announcement that creates hype all over the market I really do not see us reaching that price that soon, I really think that we are not going to see that price probably until the next year and it's even possible that we do not see it until the year after that one, that is why I am preparing to hold my coins for as long as I can. |
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I am facing this issue in real life. Whenever I carry my credit card around, I end up purchasing things which are not required. I am more cautious when I shop with physical cash. Can someone help me? I don't know how to get rid of this habit.
Get rid of your credit card immediately, the mismanagement of credit cards has caused a lot of people big financial troubles, it is a known fact that people are a lot more cautious when they are spending cash than when they are spending other forms of money this is one of the reasons of why banking institutions are always pushing you to use digital money instead of your cash because they want you to be indebted to them for life. |
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Lotta AltCoins out there. It would be interesting if someone could design a generalized wallet application to import and manage all the AltCoin wallets from a single interface. Even if all the AltCoins die, this would be a useful functionality for Bitcoin/Litecoin. Is this something that already exists?
There are already some wallets that allow you to hold some of the major coins but what you're asking is something that is incredibly difficult to do, each day new projects appear no one knows exactly the number of cryptocurrencies out there but we have thousands of them, it is impossible to create a wallet that is able to store all cryptocurrencies, and I really do not think that such a wallet is going to ever exist. |
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I think it is not a good idea to make our savings in Bitcoin, because its price is very volatile and there is already a high risk of dropping down anytime. It is better to keep our savings in fiat currencies, since it have a stable value and also it is simpler and easier to use offline than crypto currencies.
Why do you want to keep your savings in fiat? It is true that fiat does not move as much as bitcoin but the problem is that fiat always moves down in the short term and in the long term, while bitcoin can move up and down in the short term but the chances that is going to move up in the long term are enormous, so if you ask me it is way better to have your savings in bitcoin than in fiat. |
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I dont really get why people need to choose bitcoin nor ethereum to invest when you can just invest in both. Bitcoin has greater potential to increase in the next few years while if you think ethereum is kind of slow then invest lesser in ethereum. At least you are like hitting two birds with one stone.
Because they want to obtain the most profits that they can, people want to select a coin that is going to grow more in the future, right now I really do not think that there is too much difference in terms of short term growth between ethereum and bitcoin, however if you ask me where you would like to put your money the answer is simple I prefer bitcoin, it is the oldest coin and by far it is the best. |
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This is stupid advice. You've lost the money the second the price drops, you just haven't realized the loss yet. By continuing to hold while the price drops, you have the potential to make it back whereas once you sell you don't. But you also have the potential to continue losing money by holding. Holding through the down times doesn't guarantee you're going to make it back someday. But trying to delude people into thinking they haven't lost money by holding an asset that has dropped in value is disingenuous and stupid.
I really do not think that is a stupid advice, it is a good advice it has been shown mathematically that the best strategy that you can use when you are investing is to hold for the long term and that means not selling even when the price goes down and the reason is that you do not know if the price is going to keep dropping or if it's going to go up next. |
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