Really hope BTC dumps to 2k cus that's where it belongs at the present time. It will probably happen within a week or two due to Chinese new year celebration just as last year's dump pulled the trigger to ppl panicking.
in fact that doesn't happen right? Bitcoin prices have reached the bottom line. the price will not go down more than $3k. the issue about BAKKT will make the price stay above $3k and if it is realized maybe the price will rise more than $5k.. |
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For many years, we are using fiat money and if we keep it in the bank for long term, the value always decreasing and purchasing power always drop because inflation. I dont know its called scam or not but i dont think its good for us.
Yeah that's what concerns us. if you hold fiat or paper money. of course the value of your money will continue to decrease every year. the prices of basic foods and current needs are more expensive than a few years ago if you use fiat. that's the fact.. |
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my advice is to wait until the ico reaches the soft cap first and how fast they get it. if within 2-3 months you have achieved a soft cap, ico will definitely succeed in achieving a hard cap and the exchange rate will be high. that's when you start entering for investment and wait until the hard cap is really reached.
Investing is so simple but what is university that is the matter because we invest in a different currencies but all of them were not profitable for us at any time it had a lot of critical situation there for keeping them as a best then only we will make money from it otherwise our investment and our time will be totally waste. It is true that investing in ICOs are simple task but the hard task is finding a good ICOs. Most of the ICOs are worthless project because they do not have good team. Most of the team behind the ICOs are only focusing to earn money from investors. Yeah the problem is how to choose a potential and trusted ICO project. because there are many cases of ICO scam circulating. actually there have been many articles about how to research good ico. like checking the whitepaper, team, roadmap and so on? does this method work? |
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The demand of the people to bitcoin will grow more if we will spread our knowledge about the whole blockchain technology to other people. I am sure that they will also enter to the market if they fully understand what is for and how it works.
That's right with us spreading the word about bitcoin and the blockchain system so people will know its function and its use that can make many people adopt bitcoin If every user wanted to tell on of their closest people about bitcoin. of course bitcoin adoption could be accelerated ? because of course one word can provide curiosity to others people. especially bitcoin is a new innovation. certainly makes people want to know more deeply |
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They won't have any choices when the innovation gets implemented globally and they're forced to use it at the way that they need Bitcoin in order to pay online without the use of credit cards. Maybe they're just scared of how its price is deviating throughout the timeline of its development. Even an ordinary person would simply just disregard the existence of some technologies that aren't even required at all. Cash will still exist anyway after Bitcoin gets fully implemented, as it's not like a replacement to it but rather just that so-called "alternative currency". Agree I think everyone is required to keep up with the times and they will definitely follow it. for example such as when a post is still the main method for sending messages. then text or WA/BBM comes. then everyone will definitely follow it as part of the development. as well as bitcoin as time goes by the cash will be abandoned and inevitably they will switch to digital currency |
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Yes, I agree with OP regarding the subject wherein most of people are here in the cryptocurrency to earn fast profit and that is why they are more of a speculator. I don't know if speculation can really make the crypto market improve and could encourage also to new IP to invest in cryptocurrency.
Actually, speculators somehow dictates the trend of the market. They are one of the major factors aside from the government and rules to be implemented on the system usage. On other countries that accepts bitcoin as mode of payment has its speculators to make it happen. In conclusion, they are essential in the community because they are one of the factors of adoption of government thay may help bitcoin to grow even more. I think for now anyone can be a speculator ? I think you often see every user expressing their own opinions and predictions about the market. either using what analysis. but they express their predictions to the public. and sometimes it affects several users |
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The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
In my own opinion, the price of the oil does not affect cryptocurrency because they did not share the same industry as well as the market prices. You right, there is no direct connection between cryptocurrency and oil so it will not affect each other. when the production of environmentally friendly cars was made massively, followed by other technologies that did not use oil as fuel. of course it will affect world oil prices, because there is a direct relationship, different from crypto which has nothing to do with oil.. |
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There is no luck involved in trading. Only using a waterproof strategy, a good bankroll management plan and some balls of steal.
I agree with you that luck cant make you profitable if you have not appropriate knowledge, skill and experience of trading. Without proper knowledge if you trade there is about 99.5% chance to be loser. You can't blame your luck because you lost your trade. trading is not the same as gambling that can win and profit only by luck. in trade you need skills in analysis, are smart and have more knowledge about crypto market. if you lose of course because you don't have that.. |
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In the next 100 years, do you think Governments will create their own cryptocurrency or digital currency that will replace fiat currency, i.e. coins, paper money, the paper dollar, etc.?
If it does happen, will it be like bitcoin or will it still represent gold like how today's money works?
It could be happen government create their own cryptocurrency and bitcoin become like Gold or reserve. Its hard for government reguting bitcoin because bitcoin is decentralized cryptocurrency and i think its more reasonable for government to create their own cryptocurrency to replace fiat money it's very funny in my opinion, if the government can't regulate bitcoin because bitcoin is decentralized, then what will the government make by crypto? will they make crypto centralized? Lol. I think this is an idea that will never happen.. |
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In this bearish market, it is a very bad idea for trading because price fluctuation cannot be estimated. So instead of panic about the market, it is better to hold the coin which you have purchased them at the high value, the bear market itself hinting to us if you start trading you will lose money.
Unfortunately In trading if you are not good at money/risk management, it is better to hold the coin. Indeed, If you succeed and able to sustain in order to making money in this bear market, make sure you're good at money/risk management, that's all what's needed to become a good trader. Besides that you also have to be smart in analyzing strategy, when to buy and when to sell, it is the most crucial thing that you should to have especially when bearish, because prices change very quickly and tend to down.. |
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If it happened to me, I will find a regular job and start my life again. It would not be good going back to trading or investing when you are not financially stable. You will just drag yourself with most probably the loans that you are planning to take. I will take a break from that mistake and reasses if it's for me or not.
That's a good advice and start to forget those problems happen in your life because lot of people always loss in trading and don't know how to start up again with lossing all of their funds. personally i will not give up when i loss some of my money.maybe i will take a rest for a while and improve my trading skillls,so in future i will not repeat my mistake and could earn profit to recovered my loss. Only desperate people will give up because of losses. we must think that loss is a certain risk, all traders must experience it. Don't just because your defeat then you stops, that's your chance to get more knowledge because you will know the reason why you lost.. |
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Well I have no more patience in holding it so I decided to dump all the altcoins listed in an exchange in a low price. I have been accepting already that I loss already in investing those altcoins. Because we are now in the peak season of the year 2018 and cryptocurrency market seem nothing to have gone good and I have also some needs to meet for the holidays so I sold all the altcoins. I will just check later on if cryptocurrency will going to be back at its normal market.
I hope you keep some alive dude because its absolutely not safe to play it that way i personally think you should make room for ones you consider fundamentally feasible and then hold for some period of time am sure it will be of great benefit Thats right, I don't think that's a good idea. let alone hold the altcoin which is clearly very extreme fluctuations. very likely the price falls again? I myself always cut lose when the altcoin price falls in a margin of around 15%. I will not dump altcoin at a low price. it's too risky dude.. |
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Many people are impatient because they see the condition of the market that is still red until now, they can't wait to hold and choose cut loss, but for me hold is a strategy that must be done in order to get big profits.
It was to long for now the market was in red situation so that one of us in here are going to hold of some token they have for now. But it came up this will be the best strategy as you said. And true holding is the best way than to sell it early. You must know that not all coins will recover. some coins may continue to fall and stay in a low position. if you think your coin has no future, then the cutlose is something good. not by holding it. so you have to analyze it first before making choice.. |
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You are very right, i think that setting goals and targets is very important even if you are a trader or investor and then if the price reaches your target you should take profit and should not care where the market goes after you sell, there are more and more opportunities in the market to make more.
all kinds of business that we live are very dependent on our understanding, because profit and loss can occur if we are able to understand from the business, so if we want to enter the crypto trading trade, we must understand price movements, because with our understanding the profit potential we can get. so learn and make trade simulations that can be a good capital. Thats right. business and investment are not base on luck. they need intelligence in your strategies and skills in analysis. thats why in trading you have to study first before starting. so is business. all the results depend on your hand so sharpen your abilities so the chances of profit will be much greater.. |
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I did the same thing because iam loss too much money. There no other way just hold it for long term untill next bull market coming. I never sell my coins in big loss because i believe this is market cycle and bull market will coming later. I will keep holding for next 1 to 2 years until bull run coming.
Yeah this is a difficult decision right? if you sell it of course you lose very big. but if you don't sell there is a possibility that prices will fall and make you loss more. but the point is if you are sure of the coins you buy. then hold on dude. you've taken this risk. then be prepared with all possibility that will happen.. |
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for sure, if I am personally a bitcoin and ethereum for me to trade, but in a long-term way such as a holder, the problem is that I review long-term trading and to get the benefits we want is very easy
I also trade in Bitcoin and Ethereum. actually I prefer to trade on coins in the top marketcap. because in my opinion it will be much safer. rather than trading on small coins that are very vulnerable to manipulation. at least the coins in the top marketcap have more trust and avoid scams.. |
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I think it is too early to draw any specific conclusions. Bitcoin is still developing, and despite the drop in its price,the technology itself continues to work and improve. This means that we can not yet talk about the death of bitcoin or its end. We must wait for the price to rise and take our time.
I am agree, bitcoin market still at early ages and its too early saying bitcoin and cryptocurrency will death. Bitcoin is long term investment and i think we should hold our coin to gain profits. I always laugh why do many users always associate prices that fall as the death of bitcoin? even though we know that bitcoin is still a young age. the potential is still very large. one thing they should know is that fluctuations can bring prices anywhere. so it's a stop for such negative speculation |
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Not all ICO projects are scams, you have to be more carefull in choosung the good project. If you experience failure once in ico project it does not mean that all projects will failed you instead you must be more smarter and try to study their project first before you join. Fake or scammed projects cannot detect easily thats why we need to be more wiser and hope those who trickster will think that there are people who gives their effort just to earn money.
Of course not all projects are scams. many projects or ICOs are successful and profitable. for example Ethereum itself. we know how the development of this coin. what you have to look for is a potential project that has high trust. look by their great team, a clear roadmap, and a large community user.. |
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don't never dream of replacing fiat with crypto as a payment currency.
very unlikely, even if the fiat currency will be replaced, it looks like gold is more suitable as a payment currency, a currency that will never experience inflation.
indeed fiat cannot be replaced by bitcoin at this time, but gold is also difficult to replace fiat. even if that happens, of course it's been a long time ago, because we know gold is a valuable asset that has been recognized starting from the kingdom era Gold was used before as a way for payment or to exchange goods with it. Nowadays no i doubt it will happens to replace fiat. Societies are trying to go cashless in almost every field. We may not see bitcoin as a national currency but we will see blockchain based national cryptocurrency in the coming years. That will definitely happen, we are going to that direction already and bitcoin and crypto is easy to carry and secure compared to gold. The use case of crypto is also better compared to gold so I believe people will see which are more valuable between the two but this will take time. Gold is still used in some areas and is known as dinar anyway. but fiat is certainly still the main currency. the point is that even though cryptocurrency is not the primary. but it will still be used as a legitimate currency in some places. regardless of its fluctuations.. |
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As we all have been speaking many times that Bitcoin possesses the power to diminish the use of fiat in a country where it's welcomed with full hearts, I wish to know that does it really have the ability to cope up with the challenges a country's economy faces? Can it help in the growth of their GDP?
As we know, Bitcoin is limited in number whereas Federal Reserve has the power to do monetary easing when things go wild with their economy levels. So with such limitations, can Bitcoin really stabilize any country's economic issues?
We should not forget that Bitcoin is only a payment system, and it is designed to exist in parallel with the national money of the state, and not to replace it. Also, Bitcoin, like any other decentralized cryptocurrency, does not have a direct relationship and relationship with the economy of any state. Therefore, Bitcoin is simply not able to solve the global economic issues of states. So there is no direct relationship with the economy of a country? what about the function of commodities and investments that are profitable for its users? I think its can change a person's economy and finances right? and the big effect can help a country's economy? |
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