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The first few months of a year are said to be bad for crypto as the history shows us. The last year was the same in this case where BTC did not grew much until the first quarter of the year and then gradually started to rise with almost 19 times the price at its peak price. It had to come down because it was overbought and a correction was necessary to stabilize the market. Think of it as a resting period for BTC and the crypto market. The next 2-3 months will show us whether the same rally will begin this year or not.
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The market is slowly rising (not so slowly actually since BTC raised $1k in just 15 minutes  ) . As per the experts, the price might spike up even higher in the upcoming months. So right now would be the best time to buy yourself some potential coins. BTC is obvious to rise up with ETH rising giving more returns than BTC according to me. I have invested in both of these coins so that I don't miss the profits in them. Apart from these, EOS and ADA are quite potential to give more double if BTC crosses $12k within a few months. So investing in them might return good profits. |
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Yes indeed. It had been long since BTC was facing a decline. We all knew that Bitcoin will pump very soon and I must say that BTC has taken its time quite long to arrive at this pump. It had pumped 2-3 times to $8k but then had fallend back to $6k disappointing all of us. I hope this time would not be the same. If BTC holds the price this time then it might be the beginning to the new ATH of this year. All those people who sold at $6k - $7k must be feeling sad seeing BTC rise again but they must know that it still is a good time to buy back since it will surely cross $10k very soon.
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I think a good trader always have a good strategy to trade himself to apply. I do trade for not so long time. I got a lot of experience I think. I have passed many times on the market. so I want to say few step on this downtrend market and let me know your experience as well please..
* Keep patience. don't get panicked.
* Wait for the right support moment to buy coin if you have to money to invest cause market on so down it will move for sure and then it will give you much and more profit then loss.
* Try to understand the technical analysis. where the support level is.
* Don't sell your coin on loss. Try to hold just wait for a move.
* Crypto is always a magic so please be patience it will move up on uptrend after all FUD.
Let me share all your important experience and ideas please
For the sake of the newbies and average joes out there, I would like to thank you for sharing these important tips in this bearish market. I can somewhat relate to those who have bought last year and experience huge losses in the great Bitcoin crash starting mid-January until now. Like my Trade.io, I have lost almost 1000% of my holdingsm but I keep hanging on until the next bull run since they have an awesome and promising roadmap and future project developments. Yes, it is surely a good read for the beginners in the crypto community. About technical analysis, according to me, it does not make any difference because the market will go in decline if it has to and so it does not depend on any kind of technical analysis. Psychological analysis does play a good role when it comes to predicting crypto prices as most of ups and downs happen due to people's emotions which can be predicted through psychological analysis. |
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
Very well said. People nowadays don't realize this and are eager to gain money out of their investment. They buy coins out of eagerness when the price is high and then sell out of panic when the price goes low. We have noticed many times in the crypto world that whenever BTC or any crypto spikes up, it has to go down for a while so that it may rise again with greater stability but people yet sell in the decline thinking that the bubble is popping. If they would hold their coins patiently they would earn more money than their regular job pays them. |
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Conversion of Bitcoin using PayPal is not that popular among users and not secured for sure. Besides, I don’t think India has banned Crypto, they have forbid Banks to deal with Crypto, which we do not exercise already. I think exchanges are best possible solution for now.
Yes you are right about " India not banning crypto " . It was a misconception which the people had regarding the RBI statement. They interpreted it in a wrong way. Although India has not banned crypto yet, they still have told the exchanges to stop dealing with crypto which is still an issue for the traders because they will still not be able to withdraw their funds or encash it for INR (Indian Rupee). Paypal could have been an alternative but I dont find it secure now. There should have been a better alternative so that people could exchange BTC for INR. |
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This is definitely a must read for a beginner in crypto trading. Being a highly volatile market, there are people in the crypto market who lack this kind of experience. I bet everybody would have done this mistakes and pointing them out for the new investors would definitely give them an edge and would safeguard them from making the same mistakes.
The last point is the most important one and can be seen in the current market as well where people tried to sell their coins because of the decline.
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Bitcoin was not much popular until 2012. It was after that when people started taking interest in it. It became globally accepted since it was decentralized. People then started to use it for illegal things which caused its price to skyrocket and then the big players started to invest in it. They started trading BTC and that is how the big players hold the much portion of BTC. Over the years BTC became more and more popular and it's price started to grow. During the beginning of last year it was around $2k and then it spiked up to $19k and then dumped back. The correction is over now and BTC must rise again now.
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Some renowned Analyst has declared that Bitcoin will hit 25k this year!
Don't worry Guys! as yesterday bitcoin has pumped to a record-breaking volume within two hours.
We will reach to the Moon!
Have faith.
Well this might be true but we should be dependent on it since no predictions in crypto are accurate. Technical analysis or whatever it is, it does not rely on crypto because crypto acts on news and events in the present and depends on the supply and demand. I do think that BTC will cross $20k by the end of this year. It has been long since the BTC decline and yesterday was a great pump in the crypto market which made almost all the potential coins green. This might be the beginning of the great pump of 2018. |
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Its been already a few days with most of the market in the green. Should we expect ETH bounce to 1000$ soon? If not whats the reason?
Yes the market is going green but nobody really knows how long the market will stay green. It is obvious that it can't stay green for a long time hence we should beware of what we are doing. Right now the market is gaining speed and if you had already bought your coins then you must pretty much hold it. I dont think we should be buying right now since it might just be another pump and can dump more later. |
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Now people are openly posting here that they want to " Create an ICO" just to earn money from that. People like this are the ones who turn their ICOs into scam juat so that they can steal other peoples hard earned money. OP clearly does not have any aim towards the ICO and rather than developing his own knowledge of crypto he is into making money by scamming people. It is important to always come up with an enticing and usable product and that is the only way to get real investors these days and it is good the OP is already afraid of even starting and he needs to realize what he is up to first.
Yes, i dont know what's wrong people. Why do they do this. Rather than gaining knowledge and using the r8ght opportunities, people turn their heads into wrong directions. |
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Bitcoin has been known to increase quickly as the history has shown us how highly volatile it is but I dont think that this is because of any good news or regular growth. I think it might be a pump from the big whales because a growth of $1000 in 10 minutes is not usual. This is either a pump from the whales or the sign of the next rally to the moon which we have been waiting for since so many months.
Beware and hold your coins.
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For the moment, I do agree with you. The sudden spike in values of almost all crypto coins and tokens shows how extremely volatile this market truly is. This could be the bull run that everyone have been waiting for anxiously for quite sometime recently, but I am not so sure myself since there is no specific good news related to this spike and this could simply be a bull trap. However, the market does not always exhibit spikes due to specific reasons which is why I could be wrong and this could indeed be a bull run. Whatever the case, I am HODLING all my coins patiently for the long term.
Nah man ! I dont think this is the bull run which we all are waiting for from the past 4 months because this spike has been experienced quite a few times in the last few weeks. As you say, this might be a trap from the big players so that the small investors could start investing and pump the coin. Until the spike does not cross $9k I will hardly believe it to be the bull run. Until then its just a usual pump for me, which we should all just ignore. |
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Definitely ETH. Bitcoin sure is a good coin and more potential to increase in the upcoming days but Ethereum on the other hand is recovering quickly than BTC and has more momentum. The overall perecentage of gain would be more in ETH than in BTC. I invested in ETH few days ago and i have got around 25% profit just in a few days. I believe it will be worth a lot more in future which is why i had invested in it. Ethereum is getting developed these days and with the implementation of PoS i am sure many other investors will start investing in it too.
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I believe if it happens right now then YES the government will win the fight. To be honest, it is quite easy to manipulate people. Not everyone will get easily mamipulated but the world is filled with idiots. Crypto is still in it's initial stage and not massively adopted due to which the influence of the government is more heavier and that's why right now the crypto world is facing a doom. Unless crypto gets more support from the community and gets highly adopted it will be tough for it to defeat the system.
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Better to wait until it goes 5500 or lower and start buying there , i think 6700 is expensive price to buy now  Nobody known what will be but we need think only in good things. You might think that $6700 is an expensive price but just then the price would spike up and hit $10k . You would think that it will come down again and will wait for a dip to buy but then again a spike would arrive and it will hit $13k. So it's better to buy some right now than to buy it at double the price now. BTC was at $19k at it's ATH and it will reach that price soon. Considering that price I think $6700 is really a cheap deal. Always buy atleast some in the dips than to wait for the so called "right time". |
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Life of a trader can be very hectic when times of crisis but at the same time it might be filled with joy as during the times of late 2017 . So we cannot really say because it will depend on what the market situation will be at that point of time. I think that the early investors who will hold their coins for a long time might earn more profit than any other investors/traders. I see a bright future for the early traders in the future because they will be having more experience than the traders who would have started during that time.
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It might depend on person to person as different people have different opinions about a thing. I would require much information about the ICO before trusting. I would personally make a thorough research on the ICO, it's project, it's team and the one who is leading it. If everything seems right only then I would proceed further and see how well it is doing in the current market. If it receives good response from the public then I will think of whether to invest in the ICO or not.
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Atleast try to ask your questions clearly so that other people can help you with your question.
What kind of crypto related apps are you asking for and for which platform whether it is iOS or Android.
Playstore has various apps for crypto related news and the best one would be coindesk . It also various apps for exchange rates such as coinmarketcap, coin exchange rates etc... and many crypto wallets.
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I have experienced the rise of BTC as well as it's fall. The thing is, you should know when to sell and when to hold. If you just keep on holding and never sell, then you might probably loose many opportunities to increase your profit.
I saw BTC rise from $3000 to $19000 and I was foolish enough not to sell it at the peak. Bitcoin eventually fell down and now is at $7000 . I am not mad because I know that bitcoin recovers its price quickly. It might take some time but this time I am prepared.
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