There is no specific time in buying bitcoin as long as your aiming for a long term investment. But if you're not, it is the right time because I can see that markets are now stable at $9000 so it is a great opportunity for now to buy and hold until the end of this year.
If you are planning to hold your bitcoin for long term it is true that you do not need to time the market to obtain profits, but even then it is a good idea to try to buy bitcoin at the lowest possible price so you can maximize your profits, for example right now the price of bitcoin is below 8000 so this is the perfect opportunity to get it because its price is very low. |
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Hi everyone! I'm trying to research and study as much I can, but i have problems in finding good books/articles/whatever that explain the principles of economics and trading, very important if u want to learn about coins in general. I searched in the forum but i didn't find anything like that (but a lot of other useful articles)...so can you help me? I would really appreciate a "newbie tutorial for economics/trading" if it exist  The only problem in the economy is that, it was highly affected by the growth of cryptocurrency because most of the people prefer's to invest on bitcoins more than placing their money on banks. The amount of money invested in cryptocurrencies is still very low compared to any regular investment, so the economy was not affected by the world of cryptocurrencies however governments and banks have taken notice that something is happening in the world of cryptocurrencies and that they should be alert and that is why we are seeing so many attempts to regulate crypto. |
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As Bitcoin investor, i never lose my hope because till now we have seen many fluctuations in the market from the governments and so many hacks. Even though after 10 years still, bitcoin is surveying in the market. Only because governments understand the potential benefits of Bitcoin and it's behind technology. So, i never lose hope on Bitcoin.
Governments understand very well what is at play here, they know that bitcoin represents a big threat to them, the threat that bitcoin represents is not direct it is more an indirect kind of threat because bitcoin allows people to get out of the control of the governments and the very tight and strict control they have of the economy of the world and they do not like it. Well i don't think every government feels that way though. Some see it as an innovation. And opportunity for progress. Of course not for banks but for countries that are open to explore technological advances in transactions, bitcoin poses a very good option I really think that many government see it in that way, and this is one of the reasons why you see so many negative reactions coming from governments, they are trying to disguise their disgust for bitcoin so they do not bring attention to themselves, but it's very obvious that they do not like it and they're going to like it even less in the future as bitcoin becomes more and more powerful. |
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Username: andrei56
Post count: 1696
Rank: Sr. Member
BTC address: 14T1zGDZ21QxKHk37SqG1pFhp3NLBGdvKm
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Hello guys, I just want to know which do you prefer most Airdrops or Bounty. In bounties you have to complete given tasks with some formalities otherwise no reward will be given. But in Airdrops there are less rules and tasks to follow. So why should I play Bounty ? Thank You. I really do not think that there is too much discussion to be had, between airdrops and bounty campaigns, bounty campaigns are a lot more effective, with airdrops you do not really have to do much to get it and it's not going to have a huge value either, with bounty campaigns you really need to make an effort but you are not alone there are many people doing the same and that makes your coins more valuable. |
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The price of Bitcoin growing consistently from 2009 sum of people are very confuse to see the price of BTC that what is the right time to invest.
According to my opinion at this time price of Bitcoin in low position so you can invest.
What you think.
It could be argued that it is always the right time to buy bitcoin, because even those that bought close to the all time high are still going to get profits if they hold their coins, but if they do not have faith in bitcoin and then they sell their coins then they are going to get losses, so before buying bitcoin ask yourself if you're willing to hold no matter what. Yeah you are right every time is the right time for investment. Two things needed for investment in cryptocurrency. One is courage and other is patience. Courage to bear the lose if the prices falls and patience to hold bitcoin for long time. Holding means silent business which give you profit with the passage of time. Don’t waste your time and go ahead to buy bitcoin. This is correct, you need a lot of courage to invest in something like bitcoin that you cannot even touch with your hands, I think that is one of the reasons of why people are not really investing in bitcoin as they should, because at least with other forms of investment like gold and real estate you can see what you are buying and you can touch it with your hands but that is not true for bitcoin. The right time of investment in Bitcoin has passed away as the last two months were very favorable for investments but right after the past two months there is an increase in the market price and the price is now stable between 8k dollar and 9k dollar. This stable price is also affordable and one can achieve it easily but if wait for a little while the market can fall and the investment time will start right after the fall and this will lead you to a high market in future. Right now the price of bitcoin is trading below 8000 for the first time in a few weeks, I do not know if the price is going to go down even further but it doesn't matter this is the right moment to invest in bitcoin especially if you are thinking about holding your coins for the long term, many people thought that they had the opportunity to buy cheap bitcoin forever until the price of bitcoin went up in the last bull run and I'm sure that we are going to see something similar for the next months or even years and suddenly bitcoin is going to surprise everyone and grow very rapidly. |
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Bitcoin was dumped by thousands of crypto investors because it reached 20000 dollars so much quicker than expected without specific reasons other than speculations. Now its corrected by market ) Yeah the bump was unexpected and not according to the growth level. Now it is on the right path. The price is gradually increasing. I think that the fall from $20k to $6k was natural. The jump was unnatural and came down to its normal price. Now we hope that till the end of this year the price will again cross approximately 11000 dollars. The crash that we suffered from 20000 to 6000 was natural but at the same time the correction was to big that is why we saw the price increase after that, I really think that your prediction that we are going to reach 11000 at the end of this year is completely possible, you're doing fine I have seen many people claiming that we will reach even higher prices than in the last year and I find that very unlikely. For me it isn't a problem for the price to dip because as a holder of bitcoin I knew the technical issues why the price was so volatile. The people who still have strong dedications on their assets can benefit when the value arises very higher. Don't worry these days of bitcoin price so down, it was just a part of the system so expect more changes for the coming days and prepare for the coming bull run. In my opinion there is not a coming bull run in this year that is my point, there are many people that think that we're going to recover in the price almost immediately and I am very doubtful of that, I'm not shorting bitcoin or anything like that I will be benefited greatly if the price of bitcoin went up but it is very difficult for me to believe that we're going to see such an increase in price in such a short amount of time. |
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It is time for the government to immediately make cryptocurrency, this is certainly not for the purpose of replacing the official fiat and as a second backup to provide convenience to anyone for the transaction.
I have no doubt that some governments are going to create their own cryptocurrency, the real question is why are we going to use it? It doesn't matter what they say I have seen what they have done to their national currencies so I do not trust them and I'm not going to trust and no matter what they say or what they do with the cryptocurrencies they create. |
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I predict all the world's banks will use blockchain technology and bitcoin will be the highest among them.
That is a big difference between using blockchain technology and using bitcoin, banks are recognizing the great utility that the blockchain technology could have for them but they hate the idea of having bitcoin, they do not like to have any kind of constrain to their activities and bitcoin will not allow to them to print currency out of nothing like they can do now. |
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Both is good. They advantage and disadvantage. Disadvantage of investing in bitcoin if the price decrease you lose your capitl while the ICO if the founder run the funds from the participants. The advantage of this two if the price increase you gain more profit. I suggest better to invest to ICO or bitcoin but if you need only 1 choose ICO because the price is very cheap.
Both are very good but are very different, investing in bitcoin is a very safe investment compared to any other investment that you can make in this market, however investing in an ico can give you great profits in a very short amount of time and the profits can be way bigger than anything that bitcoin can give to you but the risk is very high and you could lose all your money. |
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What do you think about this possibility ? Would you invest in your government currency ?
It really depends on the use case, in Ireland you can buy the Irish Coin and have advantages if you are a tourit, but the overall use cases and benefits are really low. Estonia is also planning to have an own cryptocurrency with better use cases. And Venezuela has created the crypto currency Petrodollar which is aligned to the oil price. I think we will see a lot more of that in the future. We will see more cryptocurrencies created by governments in the future that is correct, the real question is if we're going to see any cryptocurrency that is worth our time, and in my opinion we are not going to see that, governments are not going to create something that doesn't benefit them I'm pretty sure that there are going to be many backdoors that will allow to them to confiscate your coins without you realizing it. |
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Many media say that the age of bitcoin will reach 2140 if it is true until 2140 then of course I choose to save "in the form of bitcoin" because I feel confident at that price bitcoin will be more expensive.
That year is the year in which the last bitcoin will be mined and not the year that the life of bitcoin could reach, we do not know how long bitcoin is going to last, however it is my belief that we're going to see bitcoin existing for a very long time, so those that think that bitcoin is going to disappear could not be more wrong and are going to be sorry for not investing in bitcoin when they could. |
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I see ICO appear around 30 in 1 day, but I see no promising projects yet
They like to see ICO where to raise money, whereas ICO has a heavy responsibility.
I am very concerned about this condition
Since you created this post things have not gotten that much better, a number of icos can appear in a single day and yet most of them are going to be just recycled projects without anything new, this means that you need to be very careful about where you invest your money, things are so bad that many people have decided to stop investing in icos. |
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I work strictly on a budget for my fiat matters. As for Crypto currencies, I have a very different approach, because I store 80% of my coins in cold storage <paper wallets>. This makes the access to my coins more difficult, so I am less likely to spend coins on "impulsive" spending habits. You have to implement something that would stall your spending habits. It gives you time to think about it and once you thought about it a bit longer, you might realize that you do not need it and you will not buy it. It is like the sweets at the payout counter. You wait in line, and you look around at the sweets that are there on the display, then you buy it... because you are waiting and have nothing else to do. Did you really want that candy? Financial discipline is hard and marketing of products is very aggressive.  Honestly I also don't know how to keep myself away from spending too much on unimportant things. But until now I'm still trying to know the things I want and I need. When I have money I buy only the things I need and then when they have extra money that's the time that I will spend on things that aren't much important or the things that I just want to buy To avoid spending on unnecessary stuff is relatively easy what happens is that many people do not want to do it, they want to keep throwing their money away but still to save money and that is simply impossible, you need to do some sacrifices if you do not do it then you are never going to improve your savings and if you don't have any savings you cannot invest in cryptocurrencies. |
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Right now I would be more supportive to that idea, than the time, when Bitcoin was falling and falling again  It is good to have few But that is the point when bitcoin was going up nothing has changed, bitcoin was still as good as it has always been, and then it started to fall but bitcoin was still the same bitcoin, what changed was the amount of money that people where willing to put into bitcoin, and if you want to save in bitcoin this is something that you will have to deal with. you are right. if you keep the money you have in the form of bitcoin, there are only two possibilities, the money you have will decrease, or will increase. it is the real thing. although bitcoin is great for long-term savings, but do not use the money you need for this. Correct, bitcoin has basically two ways to be used, the first one is to buy bitcoin and then use it immediately, you are using bitcoin as a currency that way you are avoiding to lose that much money due to the variation in the price, the second way is to use it as an investment and you are looking for the opposite, you are looking to take advantage of the volatility of the market and make profits that way. |
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Keep holding, you never really lose any money until you sell off your coins so as long as you hold onto your coins, then you have not lost anything and you will recover all your money in the long run
The only problem is that you do not know for how long you will need to hold in order to recover your money and then for how much time you will need to hold in order to see profits, if you are not prepared psychologically to wait for that long it is going to be a torture to see your investments losing money for such a long time, only those that are mentally prepared will be able to hold for the long run. |
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Aren't you sure that still there will be a great number of another trains to catch? The market of cryptocurrencies is still very young, while right now it seems that the new projects are not bringing anything new to the table that doesn't mean that future projects are not going to do it, especially when the level of adoption is still very low once that changes there is going to be a lot of developers trying to create their own project to try to solve new issues that will come up due to the high level of adoption. |
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Hi everyone! I'm trying to research and study as much I can, but i have problems in finding good books/articles/whatever that explain the principles of economics and trading, very important if u want to learn about coins in general. I searched in the forum but i didn't find anything like that (but a lot of other useful articles)...so can you help me? I would really appreciate a "newbie tutorial for economics/trading" if it exist Before learning about cryptocurrencies I think it should be a good idea that you learn about the general economy and investments as well, so it could be a good idea that you check the Investopedia website and learn as much as you can, one of the difficulties in learning about cryptocurrencies is that it is not easy to find all information that you want in a single place so you will need to look for it |
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HODLing isn't really an assurance that you would not lose your money even if you haven't sold it. Because when the time will come that you really need that money and you want to cash it out but the price depreciates instead of price increase like what you expected, so when you cash it out, the money you invested did depreciate thus you made a wrong decision of HODLing for a period of time but still didn't have profit out of it. That's the downside of trying to be a long-time trader where you just HODL it out, unlike being a Daily Trader where you really check the price each hour or each day and trying to make profit out of price variations through the certain time. Goodluck and invest wisely, everyone!
The scenario that you're presenting can be easily avoided by not investing more than what you can afford to lose, that is a very common mistake as well, people invest too much money in bitcoin and then for some reason they need that money back and they have no option but to sell at whatever price bitcoin is currently trading, if they are lucky they earn money but if they are not they will sell for a loss. |
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As Bitcoin investor, i never lose my hope because till now we have seen many fluctuations in the market from the governments and so many hacks. Even though after 10 years still, bitcoin is surveying in the market. Only because governments understand the potential benefits of Bitcoin and it's behind technology. So, i never lose hope on Bitcoin.
Governments understand very well what is at play here, they know that bitcoin represents a big threat to them, the threat that bitcoin represents is not direct it is more an indirect kind of threat because bitcoin allows people to get out of the control of the governments and the very tight and strict control they have of the economy of the world and they do not like it. |
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