First time here guys.
Lost 95% of my investment. Now gained a little more.
What's causing recent increase in price?
Did people finally realize that bitcoin is the future?
The market had not been fully taken over by the bullish trend, there had not been any tangible positive news that might have triggers the much awaited bullish runs while the price keep on pump and dump as expected for now I am on the sideline watching price Action of the market. |
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I am afraid now seeing how scam ICOs had been stealing vital information of people in the name of KYC its high time we nip this problem in the bud I think its time regulations of these ICOs should be set up, this will adequately take control of this embarrassing situations wherein an ICO will steal investors both funds and identities is quite discouraging and unacceptable.
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Read this several minutes ago. We must be vigilant on what we are investing and must do some research or study first if the project that we wanted to join is legit or not. So sad that there are some ICOs who are just making money for their own sake. Because of this issues, people becomes scared of cryptocurrencies and thinks that other cryptos that are legit are scams too. http://www.livebitcoinnews.com/denaro-ico-raises-8-7m-and-goes-up-in-smoke/You are right, especially now that there are too many scam projects in the cryptospace, nearly 90% of project are just fundraising without any development since their initial aim is just to gather some $ and run please dyor before any investment. I absolutely agreed with the OP on why we should research before investing or joining any ICO, I was victim of a scam project i.e scam ICO known as bidium I invested much in their project and actively participated in the promotion of that project however in the long run investors funds were collected and the project managers went into thin air this is a very bad experience it was my first encounter with a failed and scam project however I have put that behind me and ensured that I researched thoroughly before investing in any new ICO |
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Ok, it is not what you are thinking. Bitcoin is not a Get rich quick scheme, but the UK series "How To Get Rich Quick - Season 1 episode 3 includes some footage of a rich entrepreneur, Dave Fishwick, creator of Bank of Dave, discussing Crypto currencies as one investment option to become rich. Luckily for us, the Bitcoin price at the time, generated a small profit when that episode was shot and he even commented that the profit he made then, were the equivalent of 3 years of interest in a local Bank. I made 800%+ profit on my initial investment over a period of 4 years. (200% per year) - Go watch the series, it is full of good tips for the budding entrepreneur out there.  <It is also not focusing on Crypto currencies, but all the methods that can be used to increase your wealth>  Edit - I wonder how many people will only reply to the Thread title and not on the content of the actual topic now.  Its a fact that bitcoin is a get rich scheme bearing in mind that its a long term investment i.e you made over 800% as profits over a span of four years which is actually a long term however new entrant or newbies wanted a 'get rick quickly' which is absolutely untenable in a short term perspective, long term investors had already millionaires having invested at the early stage of bitcoin. |
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I think bitcoin is quite difficult to break the price of $ 4000. well, for a while the price of bitcoin did indeed reach $ 4200, but it didn't last long, and returned to below $ 4000 again. however, at this time there is an increase again, and hope the price of bitcoin is stable at prices above $ 4000.
The price will need to break the strong resistance at $3860 which had really made a strong impact on the price if this strong resistance is broken and a retouch such that a resistance turn support will triggers the bull taking over the market of which the $4K resistance can easily be broken, of course hope is not lost as the price rallies above $3800 could as well means the green days is ahead. |
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Prepare a compounding table based on your daily percentage profit, try and google search a good table you should be able to prepare the table which will assist you in attaining your goal, 10% daily with a reasonable capital amounts to huge profit at a particular point in time if well executed with compounding. however remember to include stop loss in your trading strategy.
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Hey dudes hope you are well. I sell a lot of things on Craigslist. I am now planning on putting a couple things up and saying I accept btc or eth along with the greenback. Wondering if you guys have tried this. I
Well its a good idea if well managed and this will provide a good alternative for buyers who are willing to pay via btc or eth however my consigned is the instability in the price of cryptos, perhap if the price continually drop then how profitable is your business? compared to payment with other stable digital currencies. You should research well on the workability of selling those items before embarking on the project. |
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well bitcoin may see difficult to use now as with every new technolgy introduced. when the internet newly came up, so many people didnt quite understand why it was needed but today the world can not do without it. I remember before banks came into existence, people save money in their homes and were skeptical about putting their money in the bank. Today people prefer to put the money in the bank than put it at home for security reasons. same thing will happen will bitcoin. As times goes on, people will see bitcoin is far more better, faster, cheaper and safer to use than fiat from banks and will gradually migrate to using it. The issue of undestanding how to use it will sort itself out with time and soon everyone will feel comfortable using it
I believed the difficulty in using using bitcoin will be a thing of the past going by the production of smartphones by Samsung and HTC which bitcoin wallets incorporated in them. In a shortest period of time users will get accustomed to how to use it just as you rightly said when the internet was newly introduced there are fewer users compared to now thus in a long run people will key into the idea of hodling their bitcoin in a wallet rather than using the bank while effectively making transactions swiftly. |
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Trading cryptos may help a nation tackle unemployment however how passionate are the unemployed who wanted to learn trading as their main source of livelihood ? we aware that trading is not an easy job, its requires high skills and expertise encouraging unmotivated and uninterested individuals to trading cryptos in the name of creating jobs may amount to losing huge sums of invested capital rather it should left to those who are serious and eager to learn trading.
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Basically the resistance at $42XX is a very strong one, breaking this strong resistance requires a strong fundamental positive news that will bring in core investors that will massively invest thus this will invariably breaks it (resistance) else the price will pump, retrace or pullback and the cycles continues, while I am very
optimistic that the resistance will soon be broken paving way for the bullish runs.
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I have never believed in him, he simply gives predictions and I believe that his credibility has dropped recently, I prefer to stick to review the market and make possible projections due to my analysis, the criterion of him does not even have bases.
I don't know the yardsticks and parameters he is using to make those fictitious predictions having reviewed the market behavior in the last two years McAfee predictions is becoming null and void without any iota of truth and without any bases I think its high time we ignored this man maybe he is an attention seekers who trying to be more relevant in the cryptos world. |
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The truth is that the African government are not interfering with citizens who deals in cryptocurrencies particularly bitcoin in Nigeria the Central bank advice its citizens to stay aware from cryptos however the anonymous transaction and usage of bitcoin makes it easier for people in African to adopt particularly to buy at low and sell at high accruing some profits then exchange to fiat using some notable exchangers even though its on record that no business organisation, stores etc had started accepting cryptos.
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Those technical analysis wouldn't work as far as BTC price is concerned Bitcoin does defies those TA in most cases without any doubt bitcoin can never fall to $800, so many predictions during last BTC ATH that it would hit $50K backed with TA by the so called expert traders however in the long run BTC defies their predictions and pullback to a bearish run which is presently experienced likewise this prediction wouldn't stand test of time.
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Last year I wasted a lot of my time and energy in the name of bounty hunting of which at the end I was not rewarded appropriately citing some of the reasons as mentioned by the OP.
Its was very disappointing after series of postponement of the campaign and the bounty manager later gave a flimsy excuses in the name of KYC I have vowed never to participate in any bounty hunting again except if there is a genuine reason to do so.
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I am more of Technical analysis trader thus I use laptop for my trading because I will be able to zoom in and out all the Japanese candlesticks, its apparently very easy for me to analyse the candlestick patterns for trade reversal or continuation due to a larger screen size of the laptop which is rarely possible with a phone due to its small screen size.
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Many of them went bankrupt because they could not choose a good coin, many also bought only because they wanted a high increase regardless of the quality of the coins they bought, and when the market went down the coin coin would go down even further, ending in cut loss. So the suggestion is that I buy coins that have a clear project.
I think its not about choosing the good coin is responsible for their bankruptcy but entered the market at the wrong time, when the price was at its peak, I recalled during the bull runs most of the coins are very profitable a lot of ICOs investors made a lot of profits because there was a massive bull runs and a lot of investors came on board thus paved way for more ICOs into the system. |
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This indeed a word of encouragement by the OP to back up his statement a lot of investors kept faith with bitcoin when its was at 1btc to $1 while a lot people had written off bitcoin as a worthless coin which would not survive a test of time in the long run investors who patiently hodl on their coin till 2017 bull runs made a fortune after making a massive profits if those investors wouldn't give up I am also encouraged to hold on and persevere.
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While talking about facebook, AI and future technologies the reporter asks his view on bitcoin and this is what he has to say It begins at the 4 minute mark if you just want to skip to that part of the interview. https://www.youtube.com/watch?v=G2f55VpFC5oHe was wanting to own some was for experimental purposes and not to make any financial gains from purchasing it. He sold before the price went up so he didnt make anything from his holdings. But he says he sees it as the worlds single currency one day. I will only disagree the statement credited to Steve Wozniak saying that Bitcoin will become world single currency in the future, It will absolutely be difficult to actualize that aim due to varying economic policies of each individual country although bitcoin may be used as an alternative to whatever digital currency that will be adopted but cannot take total control of the whole global currency. |
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I will prefers to see a stable bitcoin market whose price fluctuation and volatility is very minimal which will create opportunities for a decent trading and usage as a digital currency I knew people wants a very high volatile market due to their inability to trade but will rather buy and hodl while waiting for the green days ahead but will be disappointed when the price is Red just as we had been experiencing for several months.
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The cryptocurrency market is presently in a correction stage, correcting its prices because of the massive bull run that happened late 2017 and the correction period is always longer than the increase period. Veteran's in the market understand this very well and are focused on buying the bottoms but the newbies are the ones complaining and nagging about the market prices.
The newbies impression is to get in and make profits and get out "get rich quickly" not knowing cryptos market sentiments, the last bull run made a lot of millionaires while the newbies wanted the scenario to repeat itself again while the veterans perception of the market as a long term investment who will always take part of their profits in any event of massive bullish runs. |
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