I want know the exact reason for that
You don't know, i don't know and experts also don't know the exact reason. People are looking for causes but there is no unified cause. Hold it and don't need to know the cause. In summary, no one knows. As far as I am concerned, a lot of reasons could have caused the downtrend, but I am pretty sure a lot of it was totally as a result of manipulation of the price upward. Nothing was meant to drive demand the way it did last year, no serious news to have caused such huge adoption, new people just simply started FOMOing because of all the media wanted them to know about how people are getting rich and in that case, they wanted to get rich fast as well. Unfortunately, panic set in when the whales started their course downward for a lot of the weak hands. Every other explanation is just people trying to find a reason but in reality this was bound to happen. |
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There is an increasing number of people using bitcoin and loving bitcoin. As such it is only normal that there are increasing number of celebrities to like it as well. When there was only 1000 people into crypto, it was normal that there was 1 or none celebs liking it, when the number of bitcoin interested people became 100000 than celeb count went up too, and when it reached millions it was only natural that celeb count went up as well. They are all connected with each other, there is no secret that the number of people who are interested in bitcoin went up so we should expect number of celebs going up neither.
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I haven't explore that much in bitcoin, but I have tried mining and currently on a campaign. I have little ideas about trading and gambling, but for me, I would prefer trading and campaign. In mining, you need a high end computer in order to mine coins, you also need a fast internet connection and probably a source of electricity that will not cost you a lot of money. Gambling as we all know is hard to compete with. People involve in it are high rollers, and some are war freaks. Meaning, if you get to bump to them, expect that death is at the tail of your trail. That is why I prefer trading and campaign. Although its a long process before earning, still its safe. Just no to scammers.
Except you just want to be mining some new coins on the block, then a PC might do, but for what it is worth, you will actually need mining devices such as ASIC, GPU and co, to be able to get the best from mining and they sure come with a price, and also come with a huge price most especially if you want to have a big set up before we would even start talking about electricity. So far, Trading and campaign still remains the easiest for anyone to be a part of and for me, I started with campaign, during these period, learned how to trade, and now I combine it. |
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When it comes to bitcoin I can say that I’m only feel safe when I’m holding it ‘till better times will come  How it was… you haven't lost anything until you sold) I would rather say there is no safe market, as the only difference is that they may be volatile than each other. Actually I have always liked ADA, due to its low volatility level, but what is essential is just to know how to trade effectively as that is the only way you can be safe in any market, no matter how less volatile it is. As long as you are good, any market will definitely be an opportunity for you. Looking for the safest market will never work! |
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This is a common thing happens in different countries where the government mandatory give assistance to there citizens with disability, and the sad truth is that the assistance from government is not enough.
This is the perfect time to introduce bitcoin to persons with disability by doing this they don't need to rely only on government assistance, because they are now started to earn there own money to support their needs.
Wow this is an amazing idea. Diasable people have much better determination. This would probably motivate them to be able to have the financial freedom and support there needs as well. I hope this can be introduce to them. Even the affected people can retain their position if they start working hard for their better future and the modern technological world has made it easier for all of us. The modernism of currency will bring them to their destination in a short time if they learn how to reach towards Bitcoin investment. Once they make enough money with less valuable cryptocurrencies for investment in the Bitcoin then they will make it which is a solution for them. |
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Technically yes, it will not be equal because it will never be giving the opportunity to poor class or even middle class to be rich all together, some will , aka the rags to riches story that people see and hope to be one day but in the the overall will never be getting any closer.
In total though, the billionaires are getting richer, more billionaires than ever and the economy is growing everywhere globally even tho poor got poorer because richer got richer. When a poor person gets $100 that's great but its not a global scale, when a rich man gets 10 million dollars depending on how rich he is that's nothing to him.
This is not possible in any situation. We have examples from the past that economies do not grow forever. In 1990s, the American economy was stagnant for long and the growth was static with blazing unemployment and high inflation, hence stagflation. But the economy started growing with the technological advancement which multiplied their GDP several times. Moreover, when the factors of production are fully employed, only technology can help and no other way to escape the trap. |
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What the newbies should try to understand is that, to learn how to become a crypto trader is not easy so one must first seek for knowledge (From a reliable tutor or source) or try to research about how Bitcoin trading works, so that they'd understand well what they're engaging in..its not easy at first but with dedication and better support, nothing can stop the newbies from achieving their desired Crypto goals.
From the beginning we should be with few priorities which are very necessary and need our attention without which we can not deal with our trading here and would not get profit. Bitcoin traders are going well these days and I suggest people to enter into the market right because we do not know when the market is shifting so we have hurry now in buying a lot of Bitcoins which is a clear benefit once we done with buying process. |
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The odds are almost always set against you in gambling and rewards are pure based on luck or good fortune rather than on hardwork. That is why it is called gambling
Why you are saying is depends on casino and dice game type where no calculation or hard work is working and it is purely depends on luck. But if you are gambling on sports or poker then I think hardworking pays you hardwork means by preparing report and analysing in games and then gambling will pay you I don't know about sports but maybe it can be a hard work since we collecting much information about each team that will be played and we analyze the data. but maybe it will the same if we are playing the gambling games using strategy so we can have a chance to win. but for me, no matter what is the games in the gambling, I don't think that it's part of hard work because we still depend on the luck that can help us to win the games. To some extent, you can say that hard work can make some impact when it comes to that of the gambling but I don’t think so that hard work can help you in having some positive results as gambling is more dependent in your luck than that of the efforts which you put in. you have to get into it only when you are sure that you will be responsible for every possible consequence. |
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Hey guys, there is a time that it comes to my mind that what should i do, wait for a long time or we can say hold for now or take a risk and grab the opportunity to have a money in your hands???
What do you think guys??
Being patient is the best thing to have today because the market prices are still down to $10k dollars or you can invest even more in order to earn profit since the market is volatile and it can pump anytime. Now those who are thinking that market rate of the Bitcoin can not go high in future I just want to ask them that have you ever learnt and noticed the market factors and conditions which recovered after downfalls. No, may be you are new here but you need to learn about the previous situations as the market price recovered after downfalls and benefit investor a lot so you can be like them if you wait with patience. |
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Today ,the price of bitcoin increase to 6600$.It seems good.It again prove the potential of the bitcoin.As compared to yesterday price,the price of bitcoin increases 300$ in a single day.If this continue ,the price of bitcoin will cross 7500$ in a week.Don't convert your bitcoin into FIAT,for expenses.Hold your bitcoin.
We hope that the Bitcoin’s price rise in the next days because it has taken a lot of time to recover and it needs to recover soon for we know that when will bull market starts but now as we have invested lot and are with large quantity coins so it needs to come now. Many people proceed for panic selling but actually that is a clear loss and the solution is to wait for it so as to let the price increase once the buying rate increases. |
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stupidity is so close to poverty, do you agree with such a phrase? if it yes, means the poor are the fools. I want to know your opinion.  I don’t agree with that. There are people who are poor today because they got scammed by others, but you still can’t call them stupid because it was all a mistake and nobody is above mistake, we are not God. There are people who have spent years in school studying and after school they are unable to get a job despite their hard work, and their problem of not getting a job is all due to their government not providing jobs for the graduates in their country. |
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If ever the world is to shift to cryptocurrencies, I for one thinks that this is not the end of the banks. State-issued cryptocurrencies will still be regulated, manned, and controlled closely by banks and if anything, they can do things easier and quite effortlessly since they only need to change some figures in the code and voila! Magic internet money is created out of thin air, a few clicks and a few inputs! Banks would be the kings of a centralized cryptocurrency, just like what they are already doing in the realms of a fiat-powered world today.
I can say based on the knowledge I have, if there is any industry that is moving rapidly in terms of technology, its the bank and they are doing it aggressively. The reason for that is they finance any project that comes their way and you don't get to finance from them without first giving them your idea they in turn have the money to hire the best programmer and software specialist who will develop the idea into something they themselves can incorporate into their activities without any stress. The point it, banks will still continue to be relevant and even rely on the blockchain to increase their penetration by the time they launch, they would come up with new slogan about how safe it is to use the blockchain for banking transactions. No doubt if they work on it and make a fine system for its use besides banks then there will be no issue which will affect both. Now the cryptocurrencies are also a benefit for economy too so governments may accept it and may not however developed countries are going well with the Bitcoin so other countries should also learn from them how the Bitcoin is working there which will be helpful. |
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I do trust my feelings and my trading experience. No body could dictate me to buy this coin or that coin. Because I know shills are not true. I do trust my chart knowledge, I do trust my indicators they are telling the truth than CNN.
That is the plus point and helps you immensely when you are in the market. This is why experience is so much counted in the corporate business. In crypto world, it guides you to pick the right coin having good future profitability in the market with high liquidity and low risk attached. It also helps decide the time to trade crypto and whether to sell or buy. So in other words, you would not need to panic due to down market and price volatility. |
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Exactly, there are many people who are investing in cryptocurrencies and are totally uneducated about this market. They don’t know what the market is all about, how it works, what its motives are and how to use this wonderful technology. They are treating this market like a gambling market where they trade on luck. But I don’t think so that one can survive in this market for long on the basis of their luck. Someday trends may against your expectations causing you heavy losses.
Knowledge is another factor. The real pessimism is just because we had a down market and it is never easy to earn money by trading in the recession phase. Besides there is no perfect trading concept as well and when the market is imperfect, you just cannot blame the crypto you are trading. Quitting trade is never a solution because the market is not static and dynamic and we have a recovery phase right which implies that one can trade when market is in good vibes. Besides trading, there are other ways to earn money as well. If one way does not work for you, try another. |
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mostly countries like Nepal and Bangladesh and Pakistan are completely negative against cryptocurrencies
There are so many reasons why do they ban crypto currencies. In the mentioned countries, the ratio of people living below the poverty line is huge and the rest are living so called good lives with huge efforts. This is the reason the government do not accept crypto currency because the people will loose their little earnings in the uncertain market. To reduce the level of crimes in a country, Bitcoin is banned in many. |
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After some time we are seeing some good and positeve movement in price for bitcoin and crypto in general. Is this good or bad? Are bulls back in game or they just manipulate price. Or we have fresh money that is coming into bitcoin and that has given the market a nice pump back into the USD 7400 price level.
Or we will have some other factor into this this like timing, or better yet, buying/selling at the right time. Or we will have to make correct prediction in price and we can have good profit.
Believe this is just the beginning, on this I mean that there will be opportunities to make some small purchases, here and there, in the hopes price will continue to raise past the USD 20k level.
What is your opinion on this?
As of now there is improvement for btc price after a couple of weeks maybe it its the sign to hit the btc again like last year. Or maybe it is a bulls trap for us but anything can happen no maybe soon it hit or it will down again. We have a beautiful rise in the values of Bitcoin since the advent of July and the month has been good so far and the prices are expected to rise even further so I do not think it is a bull trap because we have been moving way too slow so far and it is a pure market movement. The stability and the inflow of funds due to stability is yet another factor that is pushing the prices up. It now looks very obvious that December might mark the boom in the crypto market. |
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The market will go up and down as is the nature of the market.
Yes it is the nature of the market and gets the price fluctuating. But I do not buy it that big gains come with big losses. This is entirely a lame thought. Even if you are trading, you can earn good without loosing big by using your mind. It is all about the idea you have and the market around your idea. There have been people launching companies on internet and having nothing to worry about until they get a big number of costumers and the profit starts rising without any loss. |
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In trade I dare not dream of perfection because I understand very well that trade is a lot of risk. But I'm trying a lot in trade so it brings maximum profit and less risk
Of course there is nothing as perfect trade and nor should one dream of a perfect trade but in trading, what matters is your experience in the market and the strategy you make according to the prevailing market condition. In red market, you have to have a very different plan that when the market is recovering and right now the market is in the process of recovery so it must be a good strategy to hold the coins and sell only when you are able to reap a big margin of profit. |
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That is more of an "investment" style instead of trading method. I mean I do agree that you should do that but make sure you are doing your research on those coins very carefully. If you do your research well than you will profit. However trading is buying and selling a bit quickly and not doing research on the "coin" itself but the "chart" instead. If you want to "trade" you read the charts and react accordingly and not care about the coin itself.
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I whole heartly agree. I have always talked about thats the biggest issue about bitcoin. People use it to make money, buy low and sell high. However bitcoin is a currency itself, not something you use to make money. It is money itself. If we keep doing this and just buy and sell bitcoin than we will never have a great and successful "peoples coin" for ourselves and always use the fiat currency the governments fully control themselves. We need to realize the big potential bitcoin promises us.
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