i've made many mistakes in trading, but till now i cant comprehend about trading itself. i always hold the wrong altcoin. i want to know which better whether sell or hold altcoin.
It's not really your fault. Most of the altcoins serve no purpose (often referred to as shitcoins), which basically means that this market moves based on the moods of the market movers. For a regular person who's just looking to make a few bucks with trading altcoins (you fit in that category as well), it's impossible to properly trade these markets. You'll either need to anticipate on a potential future event that might have a certain impact on that market, which to a certain extent can be seen as gambling since you are betting on a good outcome, or you need to have close ties to those who move these markets. It's almost an impossible task, which basically means that most of the people are just gambling since they just depend on hope.
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That's what I consider to be a realistic view on this market. It's pointless to over-exaggerate regulations if the need to do so isn't there, and obviously, the need to specifically focus on the trading aspect isn't there. I am glad to see how South Korea is doing things the right way, which I hope will function as an example for other countries considering doing the same. That being said, what isn't being done right now, doesn't mean that it won't be done at a later point in the future, which is also what they are hinting at.
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Finally someone with some proper understanding of how things really are. People just assume that CME will be opening up Bitcoin future markets, but they ignore the most important fact that if they don't end up getting an approval, there will be no CME offering Bitcoin related trading options. If CME speculation is what's keeping the market around current levels, it will definitely suffer a blow at the time the market knows about a rejection. In case of an approval, the market will obviously shoot up higher, likely close to, or even over the $10,000 level. People are just reading titles and ignore everything related to core aspects of an article/announcement. It's like nothing has changed in all the years here. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Anyway, you should always brace yourself for a sudden crash. It seems inevitable at this point. What goes up must come down as they say.
At some point it will indeed fall down significantly, but the only thing is at what point, and how far will it sink. People have been expecting the market to crash badly after every round price level (e.g $2000, $3000, $4000, etc) we went through, and it still didn't happen. I think it definitely has something to do with the fact that people more than ever are willing to hold their coins for a longer period of time. Every person with common sense knows how this market has gone up this year, and for that reason don't want to miss out on an even higher price. Selling may result in a big disappointment, which the people who've sold around $4000/$5000 will blindly admit.
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People should understand the consequences of reinvesting earnings. If you reinvest what you earn, you'll think that you have more mining capacity, but what you do is give back the money you make to the service, which is their main plan. In other words, everytime you reinvest your earnings, you'll have to start earning from scratch again. It's a well set up plan to put you into a never ending cycle, or a cycle that ends at the time the service wants it to end. People shouldn't fall for these cheap and dirty actions.
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It's easy to throw around with predictions when a market has already increased significantly, which directly lowers their overall credibility for me. If they would have said the same last year, and it would even be 75% right, they would seem to have a decent bit of knowing how this market works, what increased demand does to this market, etc. Right now it's like they look back at how much growth we went through this year, and based on that make a fairly conservative prediction with the knowledge of it to very likely become reality. No risk in these predictions, not backed by actual up front knowlegde, nothing - everyone can just read through the latest happenings and come up with the same predictions. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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The point of crypto isn't to kill cash, or to replace it. It never was, and never will be. It's nothing more than an alternative for those who like to hold something they really own, avoid seeing their wealth lose purchasing power year after year, and avoid having to deal with this on debt based system, etc. Physical cash will however lose a significant part of its market share throughout the years, and that has already been happening, but that's not really something caused by crypto currencies. Digital payment infrastructure in most developed economies is top notch, where people get convenience, usability, and security all at once. In other words, people will have only have less incentive to use physical money.
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The Tether thing looks as sketchy as anything. It should have caused a correction in the market, but it seems that large groups are buying on every dip.
I am fairly sure that it would have gone down more if there was no major event upcoming, which is the potential approval of CME to launch Bitcoin futures this year. Every drop that happens is being seen as a very welcome buying opportunity, and as long as it isn't clear whether or not CME will get an approval or rejection, this will continue. The real risk with tether is that the people who run it are the same as the people who run bitfinex, and if that exchange goes down it will be a mini MtGox event.
People are idiots, really. They should have withdrawn everything from Bitfinex completely after the hack, but still, people are delusional enough to keep using it, and even without Tether, Bitfinex will go down - it's just a matter of time, really. People have been warned plenty of times, but they will only listen when they are paying the price for their ignorance, that's for sure.
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Morocco needs Bitcoin and cryptocurrency more than the other way around.
Yes. Crypto in general could be a massive boost for Morocco, not just because of the people there buying Bitcoin and other coins, but mainly because of the fact that this is a growing industry, which creates jobs, creates opportunities for local economies there to develop, etc. It's blind rage to keep something out of their country that according to them doesn't belong there. It gives people too much freedom, and that's exactly what they aren't supposed to have, ever. The quote below shows how Badr understands what the main purpose of these bans are. Mr. Badr is incredulous. He told news.Bitcoin.com, “In fact, we are henceforth counted among the few countries which are illegalizing bitcoin and limiting people’s freedom.”
Quite often you see people say that governments do this to protect their people, that they do so to stop criminals, money laundering, bla bla, but that's all bullshit. It's the freedom aspect that only counts for the government, and they will do everything to make sure that people will not be able to get it. People however will always be able to buy themselves into Bitcoin if they so wish, nothing can stop them from doing so, not even harsh penalties.
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We are surrounded by hackers and scammers, that's why we all should to take all necessary methods to protect ourselves, such us do not follow any doubtful links and to use antivirus on our personal comps.
Nothing seems to be safe anymore. Even antivirus solutions can't protect you from any malicious attacks. It has happened a few times already where legitimate software has been messed with, and people download and install it while their antivirus doesn't see anything of dangerous nature. Very recently the CCleaner hack shows how we all are exposed to these risks, even when our systems and antivirus is up to date. It was downloaded and installed by millions of people in quite a short period of time, and if researchers didn't notice anything, people till this day would still be running it. It once again shows that the only right way of storing our coins is to use a hardware wallet.
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If I store my BTC on Electrum what are the best routes for then turning some of it into Fiat?
Electrum is a perfect option to go for when it comes to wallet clients, stick with it. Regarding a convenient way of cashing out coins to fiat, I personally have always been using Bitstamp, which till this day has never let me down. But since you're from the UK, and possibly add value to an exchange that has a decent bit of GBP trading volume, you should go with Coinsbank (formerly known as Bit-x). Another benefit is that this exchange's support desk seems to be far more responsive than all major Bitcoin and altcoin exchanges in this market, which cranks people up big time.
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I think the military is trying to establish control over all matters, including monetary policy.
It definitely looks like so, but I very much doubt that it will change anything in how that country will move forward when things cool down a bit. I obviously hope that I am wrong, but if we look at how things usually go in that part of the world in similar situations, nothing has changed. People still suffer from the same problems, haven't moven a single bit forward financially, etc. In that regard, I expect Bitcoin to remain a safe haven for the people there, regardless of what their central bank official is saying. People there have basically nothing to lose, but only to gain with Bitcoin. It's the only bit of financial freedom they will be enjoying in their entire life, and at the same time an ultimate hedge against their worthless fiat currency.
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If it really collapses, then the altcoins will suffer a lot more than BTC. USDT is a gateway way more important for altcoins than for BTC. The altcoin holders may dump for BTC in the danger for an USDT collapse.
Correct, but on the other hand, we can't discard the most of the times greatly exaggerated panic reaction of the Bitcoin market on any happening with a negative tint to it. People trading whatever crypto coin against Tether are exposing themselves to greater risks than people who are just trading without Tether. You don't only depend on the exchange to keep performing, but you also depend on Tether itself to not mess up. It's impossible to deny the advantages that Tether offers in times where exchanges have to abide by all sorts of regulations, but it should be clear that you once may end up having sold your precious Bitcoins for worthless tokens. Better safe than sorry, I always say.
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Of course Google results are showing more people searching for Bitcoin than for gold. Gold is a thing of the past. Sure it is better than FIAT money at being a universal ledger, but it is not better than BTC and that's why BTC is becoming more popular now. People are wondering why it still hasn't gone away and so they have questions about BTC and this is why the results are like that.
Gold is definitely not a thing of the past. People in general have never been really much into searching for precious metals, unless they expect serious economical difficulties coming up. Bitcoin is hot topic in the media, where the main subject is how hard its market has gone up this year, which understandably gets people excited and makes them search for it. It's all very speculative still, so only time will tell how many of these people will stay when the market starts consolidating, or even go down for a longer while. If we look at past search explosions for Bitcoin, it shows that there are peaks and moments of there not being as many search requests.
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Who wouldn't think of it as an asset? Bitcoin can make you rich in time. If that's not what assets are for then i don't know. The value of of bitcoin is being seen more of a way to grow money. It's status as a currency would have to take a backseat to that fact
Assets aren't about making people rich, which basically also applies to Bitcoin. Bitcoin however is still newbie in a market with plenty of developed and strong assets. It's the immature market of Bitcoin that makes people earn a decent chunk of profits, but eventually this will change when the market stabilizes with enough institutional capital that will 'tame' Bitcoin, to use their words. People back when the price was still below the $1000 level were already struggling to buy themselves a whole Bitcoin, and now it's far worse with current levels, so how exactly will it make people rich if they buy just 0.1BTC? Bitcoin will definitely push your wealth forward throughout the years, but for the far majority of the people, it by far won't make them rich. Forget about that.
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Mark Karpeles doesn't need to seek for capital with so many stolen coins in his personal reserve. Oh, that's right, that exchange got hacked, damn. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Anyone who trusts Mark Karpeles with their money deserves to lose it.
That also goes up for anyone still making use of Bitfinex after everything that happened. It's just a matter of time before we see Bitfinex implodes with severe consequences for all people involved, and even this market since Bitfinex is the major USD nominated exchange again. US citizens however will not suffer from Bitfinex's eventual downfall due to them being excluded recently. People see that as a bad thing, but they will be very thankful later that they have been ditched by Bitfinex. Bitfinex + Tether is a combination that can never end well - a proper guarantee for failure.
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It's almost gambling, but then in the way that it doesn't feel like that for people and institutions. I however are more interested to see how this will actually impact this market in the long term. If we look at how the general public reacts on this, it's rather negative, or at least conservative with a mild negative tint to it. To a certain extent I can understand people's concerns, but there is no point into one sided blind rage when it hasn't even been reality yet. In the same way that people here fear the consequences of these future markets, the platforms offering these future markets worry about Bitcoin's volatility. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Which is why they have all sorts of policies in place to halt trading when the Bitcoin market bounces up or down with a certain percentage.
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The thread title already sounds dumb to me. "best opportunity to sell BTC" ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) You buy BTC and you HODL!!! It seems like you haven't understand how powerful and precious Bitcoin is. The big guys are just waiting for you to sell. They will suck up all your coins immediately and pump it to heaven. And you're gonna be left with a few thoousand bucks and will regret that big 2-3 years from now! You may take partial profits if needed. BUT NEVER SELL ALL YOUR COINS FOR F***ING FIAT!!! Quite a large group of the people here don't care a single bit about Bitcoin's technical aspects, and thus only chase quick profits. These are the type of people always ending up buying back their coins at significantly higher levels than where they sold them at, so they will enter the market again, that's pretty much guaranteed. If they are smart enough to learn from their mistakes, they won't dare to sell everything at once ever again, but if they are blinded by their greed too much, they will keep making the same mistake. It will be a never ending cycle for them.
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If the price can reach 10000$ in this year then definitely there will be a correction, the reasonable price for me is around 7000$ or 8000$, but seems like this closing year can bring my expectations, of course en this situation I will find an opportunity to buy and sell and buy it again
It makes sense for the market to correct when reaching a whole new ground level (i.e higher figure level), but there is no such a thing as definitely in a market like we have seen this year. It breaks through every level we thought was impossible to reach this year, so we're nothing more than bystanders here. I will cash out a reasonable chunk of my profits as soon as we go over the $9500 level (I will not wait for the market to touch $10,000), and then wait for a correction that does actually make sense, but might not come.
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You really need to cash out if there is a significant drop down of the Bitcoin price and in the news if there's a threat of Bitcoin starts losing major investors. However, you really need not to panic because as you can see Bitcoin is too big to fail and the price is keep on increasing.
First you say that people need to cash out their coins at the time the market drops significantly, which is similar to panic selling, and a horrible decision, and then you tell people not to panic directly after that. In other words, you tell people to exit the market when the price goes down, and then tell them not to do so. So what do you want people to do exactly? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) If the market is dropping significantly, you're basically too late to dump, so the only thing that makes sense in a situation like that is to just keep holding, and/or to use the funds you have left to buy at discount levels, and thus lower your overall buying price. It's basic market logic, but yet people don't seem to understand it.
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