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Good points by the OP.
A lot of people need to realise that you havent lost anything as long as you
dont sell at a loss, even stock market traders know this. It is not unique to
crypto.
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The misinformed threads are never ending these days.
Just in case anyone is questioning whales, buying, selling in this current
market, the very worst thing you can do is sell.
Now I would rate "whales" as being the ones who know what they are
doing and they are not selling, they are waiting and they will know the
most opportune time to BUY
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I got into bitcoin when the price was around $1000 and there was a good
buzz generally but ever since the ATH of January there has been a lot of
negativity. In another year we will be looking back at these times and
reflecting and comparing.
Herbert2020 is right when he says not enough people are buying, there
i a feeling of hold and see will it drop further.
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Personally i wouldnt be leaving the market or crypto, i am looking longterm
and these times are a great opportunity to top your coins.
I wouldnt be interested in 20 different coins. Over the last couple of months
I have been reducing the amount i have and concentrating on bitcoin, litecoin
Monero and ethereum classic.
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Gold might be good to get into. There is talk that the stock market could be heading
for a bear trend and that could last a while. Gold might benefit from that but it would
be a slow burner.
I too am quite positive in the long term for bitcoin regardless of all the FUD.
I don't think the crypto currency investors are going back to invest on gold now in large scale,this may happen because governmets want to save their value so they need to have more gold to backup since USD is weakening now when compared to previous year.I still believe bitcoin will be still preference for more investors but they are waiting for the right time to enters into the market. No i meant stock market investors might go into gold. There will definitely be more investment into bitcoin and crypto and now may not be a time that appeals to them. I could never read the markets so we may see a bit more falling before they decide to jump in. |
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Gold might be good to get into. There is talk that the stock market could be heading
for a bear trend and that could last a while. Gold might benefit from that but it would
be a slow burner.
I too am quite positive in the long term for bitcoin regardless of all the FUD.
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Holding bitcoin now really is a bad idea, at these prices we should all be buying more, it is crazy to think what is happening right now. Next year will be a better one for sure
Yea the best thing to do now is sell, sell it all, turn off your lights and go to bed, forget all about bitcoin and hibernate. When you come out of your hibernation and bitcoin is at 5000, 8000, 12000 buy again! Because there is a group of you who do the wrong things at the wrong time. I know this first hand, a person who I introduced to bitcoin last year still cannot understand what to do. Only last weekend they came to me and said they wanted to sell, "im fed up with this" but when bitcoin was on a slight rise last week they wanted to buy. Why would you sell when the value is down? Because you are part of the "buy high, sell low" crowd. You have to analyse this and figure out what is wrong, "BUY HIGH, SELL LOW" If you cannot work out what is wrong, well then...... |
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Well this is a tough one. The OP is not the first to do what he did. Famously
there was a guy in The Netherlands who sold everything for bitcoin last year
I think.
Ethereum in my mind is under pressure from competitors so im not sure
about its future. I am sure about Bitcoins future though so I would advise
trading half of that ETH into BTC and look to the future, which could be
another year or two. But hold some ETH just in case.
Thats just my opinion, its worth nothing really and there will be a lot of
different suggestions and advice to follow.
You need to talk to your wife and dont do anything crazy.
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While this thread was created in 2017 it has transpired tgat bitcoin was in a bubble
thats ok with me because i believe in a positive future for it.
On a separate note, the global stock markets took a 3% drop today. Is that bubble
Heading for a pop too? can crypto benefit if it does?
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actually I you have positive trust for your skills, not for a real trust or whatsoever.
anyway I can do it in parts with you if you want for ltc.
Yes no problem. I forgot to mention in the OP this is not (new)EOS. I have these 20 EOS for a while and not interested in converting them to NEW EOS. So here is my LTC address LL6gsUngFsUzMLuDcC12TwCofak7Fs6z4Z how about 1.5 LTC for a little over 20 EOS ? |
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Good discussion, especially at a time when there is confusion and panic.
Over the last year there has a great expectation that bitcoin would deliver
another ATH or constantly rising in price, and it may yet, who's to know?
Besides all the expectation and speculating bitcoin doesn't loose its no.1
function, to transfer wealth and payment. This function has waned a bit
because of all the speculation.
But because it is decentralised it has to find its own path and value and
This takes time and is constantly moving.
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I have 20 EOS and I am looking to swap for any of the following:
Bitcoin
Litecoin
Ethereum
Ethereum classic
Monero.
There will be no escrow as I have positive trust.
I will be happy to send the EOS first if you have positive trust otherwise you will be making the first move
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They completely ignored how we have people holding Bitcoin not willing to spend their coins, because every purchase likely results in disappointment weeks or months later, because the price keeps going up.
I'm pretty spend happy. That's because I earn a bit of BTC via sig campaigning. That's the difference. No one buys something to buy something and that's why there won't be any consumer adoption worth mentioning unless people are being paid in crypto too. The only other time people may be willing to spend is when they have large amounts of gains, but of course many expect more so sit still. I doubt significant amounts of people will ever receive their actual wages in crypto. The next likely avenue would be via cashback or some sort of loyalty scheme. Even then they're likely to stay put. Merchant adoption may be more likely to take off in shithole economies, but then again they have an even stronger incentive not to spend it. While it's very handy for those of us who are already balls deep, I think the outlook isn't looking too rosy for its use for day to day spending. It's certainly not on the up at least. Good points. Its a bit like chicken and the egg. Getting a salary paid in bitcoin is pretty usless unless you are living at home with your parents and not contributing to any bills. But if you are a home owner, tennant, have a young family, have a car, or any other responsibilities getting paid in crypto is useless because eventually it will have to be converted to FIAT. |
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We can all agree that having grown up with the current banking system of tangible money is familiar and comfortable. However, today rate and people are losing faith in a system that bails out the rich and leaves the the world is changing at a rapid poor to fend for themselves. People are starting to take back their power and are wanting more control over their own money - it’s time to shift your reality to the 21st Century. Can you believe that we are still living in a world where bank transactions don’t go through because it is a weekend or public holiday, what is up with that? We have the choice to move to a peer to peer (P2P) platform that can make instant transfers any day of the week.
That is one of the main reasons in my opinion of why the banking system is still very powerful, people are so used to the existence of banks that they do not even question it anymore, they just believe that is the way things should work, but bitcoin is going to change the way people think about it and is going to make them to ask some very difficult questions, like why the rich are always rescued from their mistakes with the money of the poor? If they make mistakes they should be allowed to fail but instead what we get is that the governments protect their friends and use public money to cover private losses and that is completely unfair because when they are making billions of dollars they do not share anything of that with the public. The problem is that there is so much woven and dependency on the banks that it will be very difficult to change. Im talking about mortgages, loans, utility bill payments, salaries, these are all interwoven into FIAT banking. Bitcoin has not really disrupted these services yet, it can only disrupt peer-to-peer payments but the future is bright. |
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I still don't understand the bitcoine. Seems like their one sole function is pure speculation.
it has nothing to do with bitcoin's "sole function"! your mistake is hanging around places where people keep talking about its price. it is like going to a bar from dawn to dusk and then say every person in the world is a drunkard! start hanging around in other circles such as developer's circles to see the technology growing, the merchants like visiting lists of merchants accepting bitcoin, visiting decentralized market places that thousands of p2p trades using bitcoin and some others are taking place every day,... and your perspective will change. You are right BrewMaster but a very high percentage of people now can only relate to bitcoin in terms of a FIAT value. There are others who cannot look 5 or 10 years ahead, that us too long for them, its like trying to picture where the universe ends. While all the time there are small positive progress being made in the bitcoin scene. |
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There are two alt coins i am adding to at the moment while the market
is down. Two old reliables, litecoin and monero.
Im not too confident though that the market will recover in January,
nobody knows really, we just have to make the most of the present.
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Its funny how nobidy has nentioned the blindingly obvious projects
with a wirking product and good adoption. You know them all......
Litecoin, Monero, Dash, Zcash, Bitcoin Cash, abd Ethereum which
some have mentioned.
Things havent changed, newbies are still looking at those cheap
coins hoping for the 10000000000% rise.
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There is a lot at play at the moment, those who want the price to fall so
they can buy, those who want the price to rise, those who dont care
because they look to the future, those who made the wrong decisions
and who are sore. One thing I believe is that as soon as bitcoin
gathers momentum in a positive way everyone interested will jump
on board, it just hasnt started yet and could take a while too.
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