Well the most influential factor is still supply and demand, but the government can affect the price heavily but it wont kill bitcoin, to become big and mass adopted we need the government permission, so it's impossible to become global currency if the government not allowed it, all of can see the effect when China banning bitcoin, the price of bitcoin falling down sharply at that time, but after a while it survive
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The first need is to learn the basic, its true thr market has three sides and the easiest way yo make money is the bulk market but its hard to determine the bull market, sometimes its just pumping sometimes its just manipulation, so I suggest to trade with small amount no matter what market it is, and I agree that beginner should not do day trading, aim for short and mid term, if you aim for long term then you can't learn anything, you need experience to become a better trader
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If you got the skill then definitely trading will be better, buy the market is really unpredictable so if you don't have any skill its better to just hold it and aim for long term investment, but I suggest you start learning about trading, its a very useful skill to make profit, after a while usually a holders will become a traders because when you keep watching the chart every day then you can become a speculators
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I think crypto offer a unique feature and anonymity is an important part of crypto, and crypto is just a medium, it can be used for good or bad things, it depends on the users, crypto was never intended to be used for bad things, so we shouldn't blame crypto if someone used it for criminal things and as a user we need to remind everyone to used crypto for good things so the adoption could go well
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Yes, there are a lot of scamming report about ICO, and ICO are very popular for scamming people, the reason is some of the developers are looking for easy money, some of the developers making the coin without real preparation and when something not smooth the developers just run away or abandon the project and the condition now still the same, so always be aware when want to invest in ICO
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Sure, after the reputation of bitcoin and blockchain rising, I had see so many new job opportunities and bitcoin also open the door for new business, the problem now lies in the government adoption, if the government could tolerate and regulate the crypto well then it can increase the economics and decrease the unemployment rate
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I think it will have impact, but I don't think it's going to be a big impact, usually if the case like this happened the site will move to the country that allowed online gambling operations, and there are a lot of ways to keep on doing online gambling although the government ban or forbid it, so don't worry about the news, in some country where gambling is prohibited, we still can see some gambler playing in certain gambling site
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Until now I don't think the government is ready to accept crypto into their major industry, there are a lot of considerations that need to review before accepting crypto, crypto got the potential to make the economic become better but it also can be dangerous to the economic, so the government really need to think and do a lot of research before adopting crypto
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There are numerous of opinion about option trading but most of them is not good, there are few strategies that able to make money in option trading but option trading is almost as risky as forex trading, my suggestion is better to trade crypto rather than option trading, the option trading is more unpredictable than crypto trading, but if you want to try there are demo mode in option trading
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I don't really agree with OP advice, its better to make big profit, the problem is how we analyse the situation, we need to be aware with the market situation and be smart about it, we should be able to speculate the price and predict the investment term
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Any news of adoption by a major organisation is a good thing but I see so many stories like this that never get implemented.
Let’s hope they actually start accepting BTC in the near future.
I agree, we had heard so many times big corporation will adopt bitcoin but it never happened, and if its happened then they still used the third party, it will be good if they really implemented bitcoin without any third party, and we are waiting for bitcoin to become their payment option, it will show that bitcoin still got influence
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Its good to learn from other professional traders not all of the lesson you can get by the book, the experience of a professional traders can be a valuable lesson, although not all of the strategy can suit your trading style but you can get a better knowledge from other professional traders, combining your knowledge and some important tips can make you into a better trader
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I really wish that the latest hack in Cryptopia is more than enough to tell people not to store their altcoins in exchanges. Even Binance is an exception to that, I would still put it in a hardware wallet if I have a lot of bitcoins. Don't be lazy people and do your own responsibility.
Yeah it should alarm the people to never make exchanges as their wallet but the most important thing is the exchanges security need to be upgraded, there are already a lot of cases but I still not see a serious solution from the exchanges, I think security should be the priority for the exchanges
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Gamblers supposed to be able to control themselves, and they should be able to stop gambling whenever they want, if the gamblers already feel they spend too much time then they should stop and find other activity, its very important to avoid to become addicted, there are numerous ways to stop gambler to become addicted, like finding other hobbies and don't give too much free time to the gambler, and the gambler himself need to have determination to be able to control himself
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A lot of people also feel the regret for not selling the coin in 2017 and become frustrated when the big correction hit the market in 2018, the market condition this year won't be too good, if you still able to hold longer then I suggest to hold it, the market now is not in the best condition to sell
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Bitcoin does survive from a lot of bad situation and bitcoin still got a lot of challenge from a lot of institutions, people and the government, if bitcoin not keep updating and bring the best then one day it could be replace, for now bitcoin still survive because a lot of people support it, and we should encourage people to buy and used it
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I agree, crypto is not supposed to be used for quick rich scheme, but we should more appreciate the technology that it offer, if you got a coin with good feature then dont worry about the price, the investors and adoption will coming when you already got reputation, if the developer is persistent then project could be a good long term investment
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Well I don't like the negativity of this thread, I think we should be grateful that Satoshi created this currency to make us free from the government grasp, bitcoin was created to eliminate third party so we can have faster and more convenient transaction, I don't see bitcoin as the scam product, it's the people that used bitcoin for criminal things, bitcoin is just a medium and never intended to be created to do bad things
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Exactly, fiat is no longer a good option for investment, the inflation rate is getting higher and higher each year, and the bankers could print out they money if they think it's necessary, so we need to find other option to preserve our wealth, each year the value of the fiat is sliding down, maybe crypto, real estate or gold will be a better option
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That's the result of the regulations, the same regulations people here were saying "regulations are great for Bitcoin!" See the result now. People are considering Bitcoin as an investment so the framework comes with. There are still ways to buy bitcoins as you want but not via the centralized exchanges.
There is nothing can be done when the government force the exchanges to apply kyc for the customers, if the exchanges not following the rules then the site will be blocked, nobody like crypto being regulated but crypto need the permit from government, if the government ban crypto then we can lose the chance to grow
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