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If the price is pumped up and see the 50 thousand dollar mark and we get much more people into bitcoin than what would happen to those people and us when the price hits rock bottom from the crash ? We need to think it in detail because ever since we managed to get to 20 thousand dollars even tho there is a lot more people in the crypto world that same world is not happy with it.
If you have a lot of angry people trying to wait and hope the price goes up so they can sell and leave and never look back than you do not have proper support behind you. We need a lot of new people that is true and higher prices would help that which I agree however we need to make it real not pump, or we need to find other reasons to get people. Putting all of your money into bitcoin has always been risky but putting everyone else money is even riskier.
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I think blockcert has a chance as well and if we consider ripple as a blockchain project than they are the closest ones right now.
Now blockcert is offering keeping the important certificates in their blockchain and they made contracts with governments in the Caribbeans and that shows how big they can get if they could try to bag bigger countries, they have the potential to do if they can manage to get their hands on some pretty big government contracts.
Plus, ripple is not really a coin, they are a company that makes deals with banks and just provide the info to us so we can pump the ripple coin, in reality the coin is worthless and the company has been doing so well for themselves. CryptoKitties is another big one and have been getting funding from google and Samsung which means they are seriously in business.
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The trouble with economists promising good growth is that it only works out for them. When the 2008 crisis happened who was the side that got hammered by the causes and damages done by the mortgage leveraging erupting? It was the public and the countries and basically everyone in the world from Greece to Spain got affected and of course the population of USA paid for that. Who was the one that got away with it Scott free and not have any troubles afterwards ?
It was the same people who leveraged it in New York wallet street trying to make another dime for their shareholders and make money off them. This world is not fair to the poor and the not powerful, if you do not own any lobby at some presidents ear than you do not worth anything, presidents only listen to those who pay them and if you do not pay them you have nothing to gain from ANY political part ever. Good growth could be coming, but it won't be for us.
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Almost all of them. I think tether and all other stable coins are ... well stable. I think bitcoin is in a league of their own. However, all others are either full on moving all together or they are going down because they are dying.
The first one basically all similar coins like ripple, ethereum, litecoin, dash and probably at least hundreds of others are moving up and down according to what they do together, if all go up all goes up if they go down they go down, there are few rare ones that moves themselves and do something crazy like pump or whatever but it is never the same coin over and over again, its always one coin after another. There are also coins that basically is dying and going lower and lower constantly and eventually die off and do not return back to life.
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Bitcoin may stay at the same price around $6k and $7k and not move any cent out of those levels for the next 20 years and still become very big in 5 years without moving during that 5 years. There is no rush and there is no need for bitcoin to go up or go down and do anything. Why would it "have to" move in 3 years or it will cease to exists ? It makes no sense.
Obviously, if you see bitcoin as something that would make you more fiat than you get in, than of course you won't be happy about a currency that stays the same for years however not everyone uses bitcoin for the same reason. There are a lot more reasons people use bitcoin aside from "put fiat in, get btc, pull more fiat out".
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As the title pronounced which do you prefer Invest or create? For me the capability of creating new coin can make big income and big loss there is a certain period of time that this idea will fail, as for Investing in some ICO compare to other side you have a freedom to choose, we all heard, don't put all your eggs in one basket but what if *if* half of the dozen egg broke and the other four was on fatal condition and the last two was successful and these two coin made you around 10m usd and your capital was 11m usd all of effort and time come to waste you see it's really hard to choose between two, how bout you share your opinions and express yourselves into this topic.
Both ways are very critical and risky which needs thorough understanding on how you could minimize the loss that's at stake. I would also prefer in ICO investments because it is less crucial than creating a new coin. Creating a coin is not even something small as there is so much task to do when it comes to that and even though it could be rewarding, your efforts may end up fruitless eventually if things are not done properly. For instance, we are talking about creating a product that would attract investors, and then coming up with a good business solution while you keep working on the product to make a real life usable product and then all the marketing you will have to do at the end of it all to be able to pitch that to potential investors are not small tasks at all. So at the end, like some have said, it all depends on the individual's basic knowledge of what they want to produce or what they want to invest that would determine which way they want to go. |
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it has ever been growing since last year and in our country our own fiat is getting down vs dollar and it is making a goods, expensive.
I can see the trade war really benefiting the USD a whole lot and that is a terrible thing already for some of the smaller countries, because the inflation is going to kick in seriously and most especially for countries with very low economy and countries that depend typically a lot on importation of goods and have not much of industrialization going on within the country. The stock market is actually showing signs of getting beaten from this since a lot of them have been overbought and overpriced anyway, so I won't be surprised to start seeing investors moving back into USD. I honestly think that this is only going to affect the traditional economy in terms of exports, imports, and tourism. I don't think that USD going strong is going to have much to do with bitcoin prices, even though theoretically prices for BTC would drop as well.
Yeah, it would most definitely affect the smaller economy a lot looking at what some already are saying in their various countries, the inflation going on and how their own currency is crashing against the dollar since they typically rely on it anyway for importation somehow. It is crazy to see something like this going on and I do not even know whether to call this a good thing or a bad thing, but the strengthening of the USD, probably would affect a lot of countries who are dependent on it somehow. Seems the trade war declared by trump is really making some good impact for the US economy. |
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Yea it's going to explode into the ground, actually it's working on that right now.
I actually think the fact that a lot of people are actually becoming bullish because of the end of the year would even make it so easy for the whales to feed on so many flesh in coming days as their emotions and expectations gets tampered with. Well, one thing for sure right now is that whatever the likes of CNBC wants to say, I just see it as an attempt for some whales to make some gullible people think that this market is ready for an uptrend, but right now, what we are just seeing is the opposite. Even if anyone should be expecting anything bullish at the moment, it should not even be because of ETF or anything, because there is nothing to be bullish on. |
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Every tips are counted when we are dealing with trading, we just needed to make our own assumptions and enhance our understanding, people who deal with this type of investment/business have it's own interpretations of certain knowledge, though there's always a good way to avoid losing money trying to use this pattern, it is a must to workout with your emotions and always go deeper studying the flow.
For the most part of it, I must say knowledge is actually the thing that is mostly important when it comes to trying to trade. You cannot get it better in any other way than seeking that first. A lot of people who have discarded that and think they can just stick with the idea of gaining experience without learning have always ended up learning the hard way and still coming back to learning at the end, which is if, they do not get frustrated and bail out before then. The most useful thing is to learn, build on a strategy and build on your confidence in using the strategy and then you will be fine. That's very useful and thanks for sharing, it would help the newbies here.
My style is I don't look at the candlestick a lot because the main factor I consider in predicting the price movement is the news and the hype around.
What works for A may not necessarily work for B, but in reality and in the crypto space, from experience, I can at least tell you that it is a whole lot better to face the technical aspect than the fundamental aspect. With price action on the charts, and the use of some indicators, you can at least make a good guess on a trend reversal. However it is, the most important thing is to just know what you are doing and always have a plan in place whenever you are trying to trade the market because without plan and strategy, you are as good as gambling, no matter what you think you know. |
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No, 10 million is quite frankly absurd and completely out of the realm of possibility. That would make the market cap of Bitcoin ~200 Trillion, which is just stupid. A million dollar Bitcoin would be market cap of around 20 Trillion (or if you account for the lost bitcoin more like 17 trillion). I think this is about the absolute roof of Bitcoin's price: 1 Million. Though I certainly don't expect that in the next 10 years.
In the next 10 years I think we'll see a stable price in the mid 6 digits. If Bitcoin sticks around as the reserve currency and store of value for the world then maybe in 20 or 30 years we could maybe see something approaching $1 million.
It looks likely Bitcoin will achieve a peak of $100k in probably 2020. Then you wait another bear-bull cycle and maybe in 2024 it hits a peak around $250k-$300k and achieves a stable bottom in the low 6 digits. By 2028 we could see a peak above $400k or maybe even hitting half a million, with a stable bottom price in the low-mid 6 digits ($200k-$300k).
The only way it ever reaches $10 million is due to inflation in the distant future once inflation has decreased the value of USD to the point at which you can't get a new car for less than $150k.
I totally agree that it sounds absurd, but the fact that it is completely out of the realm of possibility is something I would not agree with. The fact remains that no one can actually tell what the future holds and that is a fact and few years ago, I would not have thought by now the market will be finding a bottom at around $6k while dropping from an All-time high of $19800 or thereabout last year. The market is always going to be filled with mysteries, the reason why I said it is absurd is because that is quite some few 10 years to see such happen, but judging from the fact that with mainstream adoption kicking in gradually and adoption increasing, I would not doubt the possibility of anything. However, at the end of it all, whichever way the market turns out, I just hold until we get to that peak stage where the market is actually being used for what it is and not just for speculative purposes. |
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Instead of looking at the news, look at the charts. September started with a big dump (Sep 5) from some 7400 to some 6300. Since then the market tried some sort of ultra slow recovery, but we are far from anything significant.
An average "rise" from 6300 to 6500 (6600?) in a month, after such a drop, is not really a joy and it's certainly far from calling it a bull run.
It is not really a joy actually, but we know the market will have to develop on its own actually. The thing with this market is that moving in a sideways is not actually bad and that shows that the bulls are really trying hard to want to get back in, but we all know after a huge bear trend and a bear trend which I still believe is on unless we see the trend change, the bears will obviously not give up without a fight which is what we are seeing now. At least, it is a good thing to have seen the bull keep the $6k region as a very good support looking at the bounces we have had in the past few weeks, and I believe we might actually have a chance up even if it is in the short term, but all these is something that the market and chart will obviously have to tell us based on what we see. |
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History price of each crypto will give you answer for that, since Bitcoin created and tradeable on the market the price is very high volatility, the price can be going up 10 to 20 times in afew month and then going down to 80% to 90%, so if you like to start hold Bitcoin or others crypto you have to start when the price already going down to 80% to 90% and then hold it until reach 10 or 20 times.
Talking about supports, resistance and then price action, I guess they are like the main things that apply to every form of trading when it comes to knowing when you should be buying and when you should be selling. Getting in and out of the market requires strategy and as long as you do not have one, then you are simply gambling. Now, one thing with strategy is that, there are so many strategies and a strategy used by A may not be a strategy used by B, but what is important is to find your own that suits you best and stick with it, and that is the only way you will even be able to have an idea where to sell or buy or set stop loss as the case would be. |
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Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.
The number one thing inexperienced people forget is to double down on your losses no matter what if you believe in it. If you see bitcoin going to $20k and now at $6k and think it will be end of it than you can cash out your money and leave. However since you are here asking how to be better that means you still believe in it and you should definitely double down on it. For example, if you bought $20k worth of bitcoin during $20k levels your bought price is $20k, if you buy another $20k worth while at 6k that means your average is $13k, if you buy another $40k at $6k that means it will be $9.5k which is quite close to profit as it is right now. Now if you think "I do not have that much money" just change the numbers, don't make it $20k but make it 20 dollar who cares, and if you do not have any money after buying at $20k that means you bought more than you can chew, buy with certain amount of your bankroll all the time, never go all in. |
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ico is being lethargic because every ico has entered the market the price is far from ico, now investors rarely want to buy ico because ico can no longer be expected ..
I guess I need time to go back like the beginning of the year
Well, it is something we will always get to see in a bear market and sure it can be a whole lot devastating for investors to see their investment go down hugely in the short term even though they want to keep hopes up for the long term. One thing that is certain about this market is the fact that there is actually a huge chance that the market would recover and then we will get to see good days ahead, but before then, I just see now as a chance for any smart person to be picking these coins at this early stages so as to be able to get the best in the long run when the whole market bounces back. We have seen a lot of ICOs go below their ICO price before and then recover hugely when the market bounced back, so this is an opportunity. |
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The quiet before the storm is here. I’m not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. What’s your prediction?
Disclaimer: I’m Hodling
The side way price movement has last for long and we expect that the bullish trend will soon resume. I think thing are in bullish directions except something very bad happened to the market before we can talk of bearish trend. Whichever trend we will resume from here is actually something hard to speculate. We have seen the market in a sideways movement for a while now, and the chances of seeing a break out soon as the triangle keeps closing up and hopefully, we will get to see a breakout upwards which is not actually something guaranteed yet coupled with the fact that in a market when things are like this, break out can be in either ways, so the best thing to do is to just wait it out and let's see who ends up winning this fight, and even though the bulls have been making some statement lately, we still have some direction to face before knowing any possibility. |
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If this year will be a tough year for cryptocurrencies, then maybe by next year, a reversion of trend may be possible in response to this year's almost all-year-long fluctuation now. From 2019 onwards, i believe bitcoin and the rest of cryptos will also respond well.
This year has been a tough year already for those who want to see it as a tough year as I only see it as a year that gave smart people more opportunity to buy lower. Future is very great for bitcoin and the blockchain and even though this year may have been bearish, I certainly believe that in the long run, this is a year that a lot of people will always wish they have been able to pick the prices we are now as I see mainstream adoption gradually kicking in, institutions wanting to get a large play and countries beginning to find ways they can benefit from it rather than attacking the space. this year is still hard for Bitcoin, and of course we can not predict what other year will be, , but I also hope that the next year will be much better for those.
The year has still not ended but at least for the last 3 quarters, it is obvious to everyone that we have been in a downtrend, but that has not changed anything about the bright future that lay ahead of us and only those who are very smart enough will be able to know and see the future before it even comes, just like some already saw now back in 2009/2010. We are all hopeful that next year would be a lot better or we could possibly just end up seeing the market try to do some good move upward, but nothing at this point is guaranteed yet anyway. |
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These kinds of moves are usually over hyped  . Whenever there is a big move like tron had the price goes up but than goes down however doesn't really go back down to what it was. For example tron could have went even more up but than go down to a bit higher than what it was before the news. To take this what happened as an example it has went up 12% which is not really that big if you ask me and than it dropped to 3%-4% increases which is still an increase but not as much as it initially was. Same with bitcoin, it was around $3k than went to $20k and now at $6k, crypto currencies always go up and go down but go down still higher than initial price. |
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You also have to be mentally prepared, just in case if the price does not go as expected so that you are not frustrated later,
I really hope the bull run can happen soon, but there are no signs that prices will rise rapidly, the price is still always stable at $6500 for this few weeks
As you keep being optimistic and preparing for the best, always try as much as possible to plan for the worst as well. This is one thing a whole lot of traders tend to do anyway and one of the reasons why every investor should at least have some little trading knowledge to be able to make good decisions even in their long term investments. Being mentally prepared is more like planning for the worst in case it arrives, even though the market gives a good signal which is one of the reasons why professional traders make good use of stop loss in their trade. Well, we cannot really see the sign of a serious bullish movement like what happen in the late last year where the whole thing started from around September through December last year.
Well, the market is in a sideways movement for a while now, so nothing can be expected now until we see a clear signal most especially for bitcoin. We have seen the way the general market has been centered on bitcoin's movement from the beginning and right now, even though the alt market are trying to gear up to increase in value, we keep seeing them being suppressed by bitcoin's movement at the moment. We really cannot tell yet how things would pan out eventually, but in the case where bitcoin gets a good room for steady growth, we will get to see the whole market do better. |
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We are technically not even in a bear market, the market has been stable for few months now, but for a few spikes. Traders are afraid of a stable market, not bear or bull market.
Trader will always be afraid of a stable market until they start seeing some bullish action. Yeah, we have been moving sideways for a while now and there is no doubt about that, while some of the altcoins have even shown some pretty good bullish momentum, but nothing is certain yet. The market to me is still bearish until we see a clear signal on the direction the market wants to take with bitcoin being the sole controller of the whole market. Bitcoin is in a descending triangle, which if we are to play by the books, it is bearish in nature, and the likelihood of seeing it break downwards may be there, even though, you may still see it break upwards if the bears does not have that power to push it down below the support level. For now, I would just say patience is all we have to imbibe, but nothing is guaranteed. |
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Hi Lutpin,
I was part of your BitBlender campaign for more than a year. Looking forward to work again under you. Thank you.
Username: raven7886
Current Post Count: 2586
Current Rank: Legendary
Bitcoin Address: 1HxuRNWvojuBnQLVH8qpJTwpNqkPb8Ui85
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