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Well if that is true then there is also a possibility of it gaining popularity again. Like the prices of bitcoin popularity of bitcoin can be correlated to it. There are just small factors like when investors are just timing in when to invest and when not to.
The amount of people who know bitcoin is constantly increasing. It is increasing fast because of the people who became successful with it. They want to be like them so they also try and jump in.
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That seems to be too hard to let them to understand when they feel that they lost money because of you. Just try to remind them that everything will go back to its normal price and then rise up again until they gain profit from it.
They need a sense of security and telling them how the market works will really help. Give them information about how to invest next time and give updates regularly to make sure that they will be prepared when something bad is coming.
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The fuds are starting to go out again and there probably another crash with it also. If the price drops continues for a couple of days it might be a sign that a crash is coming.
We should always prepare ourselves whatever happens to bitcoin. If we did not know the risk when starting in bitcoins then we could be much in a serious trouble.
Our minds should be prepared for the psychological stress that the low price will give to us.
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I think we are inside a bearish trend the pattern that I see is an inverted flag. After a rally of ups and down it might have totally broke down now.
We can't really stop the fall of bitcoin, we are in the end of the cycle. Bitcoin will crash again and again until it really lose lots of its value the it will start to go up again like what it was in december.
If we can see also the cycle trend we know for dure that bitcoin will surely rise.
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I am very shocked to see they are all going down again. Based on my analysis it should rise up though. I used elliot wave theory and if I counted the waves right we should expect a bounce now.
The price is a bit going away from my analysis. This Means I really have to learn more about how market works.
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You can definitely use it if your course is relevant to computers, information and technology.
The patterns in bitcoin market can be studied and make a program with. You just have to justify its advantages to the current technology around.
Since nowadays cryptocurrency is becoming famous it could be a good thesis to study its trends and how it works.
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Telegram username: @DaDa
BTC address: 3B5HqYMEDmudURMmFEMu3qr1otPAq6w8t6
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Why did you start learning bitcoin?
Because I think bitcoin can help me earn extra money, with trading bitcoins and accepting jobs that pays bitcoins are the ways to earn it. Exchange it to our fiat money after to get use it.
How much time do you allot in bitcoin?
I allot usually 1-3 hours per day. Most of the time is used to learn how I could earn more in it and trying to learn how markets work. Learning how market works will be advantageous when trading.
How are you earning bitcoins?
I earn it from joining bounty campaigns. When a companies startup needs advertising they create campaigns to help spread the news and educate the public about the existence of their company. You will earn from the services you offer.
Why are you posting?
A way to advertise company is adding signatures in your post. So there will be a minimum amount of post companies are requiring you every week. You must comply to it to earn. We post to advertise them.
It could also be a way to contribute to the bitcoin community.
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I think it will just lengthen the process of exchanging an altcoin to bitcoin. You will transfer it first to usd then transfer it to bitcoin. It will just add hassleness in the process. The pair made by exchanges was made to ease the trading of altcoin to bitcoin.
If that happen bitcoin might lose its place in being the number one cryptocurrency. The altcoins will not be attached to bitcoins might result to unpopularity of bitcoin and independence of altcoins will happen.
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For me it is both to earn and learn. What is a better to way know how stock markets works is to engage yourself in it too. Bitcoin provides me sn oportunity to try trading in markets without the hassleness and difficulty in investing/trading.
In the same time I am trying to earn in bitcoins too. Buy when it is low and sell when it is high. Repeating the process and finding better techniques and strategies in how to do it.
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Currency is the payment system of an organization, group and government. Basically since lots of people accept bitcoins and can be used to purchase or used as a payment for a service it build a community of people who gives value to bitcoins.
When we started accepting bitcoins it will help support it to be a currency. The value we gave to bitcoins is the very factor why it did become a digital currency.
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Since bounties are a way to attract advertisers like us to continue advertising them they might probably not remove those. It is already essential for the campaigns to grow, with the support they get from the community it will help spread much faster the news therefore they can sell much more.
It will be like a give and take scenario where both psrties will benefit. Both sides will earn something. The ICOs gives token we give services.
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This is quite a good news since no one will control the cryptocurrency world for the meantime. But this may encourage illegal transactions which is not a good thing.
If that is the case then it might be better if there are regulations to be implemented as long as it will not impose bad effects in the cryptocurrency markets.
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Since bitcoin markets really behave like this, the prices today is quite acceptable. Though it might take a very long time before it surpass the $20000 mark. May educated guess is that bitcoin will reach it probably next year. When new adapters are starting to dive in and old investors going back to try again.
Right now the public is not very educated about cryptocurrency. When that time comes that will drive bitcoins price even further.
I think the bitcoin market have a cycle of peaks it might reach that next year for me.
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I think bitcoin will go that way for a couple of days, weeks or even months. People are starting to see bitcoin now as a good time to invest. It will drive the price of bitcoin probably higher than the previous highs(the 11,700).
Things may continue higher and higher because of the media again nowadays. They continuously advertise bitcoin that it will pass the $20,000 and reach $50000. With all the foods again surrounding bitcoin more investors will be attracted again.
It is quite scary to see the market going down again rapidly when the peak is reached.
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For a couple of days bitcoins price is showing an uptrend. That is good for those who have invested before it started to reslly soar. Though now it can be questionable if you will buy or sell or hold. The market is getting over bought that means a possible correction might come next. We don't know it is exactly likely to happen but it could be near.
Trading really comes with a risk. Vast amount of knowledge is needed to be successful.
But right now I will be holding. I feel again the fair of losing but if it goes up again things would be really be worth it.
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For me bitcoins offers a way to do trading. It help me learn and understand how the market works and that will be very useful when I try to trade in stock markets.
This is what the rich people do. If you do what they do then you have a better chance of being rich too.
The amount of knowledge might be hard to accumulate but when it is enough it could be a key for success.
I may have lost some money but I will still continue trading.
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If you will look atthe charts now you can see that it might form an eliot wave. That means after the correction happens it will be followed by a new market High's.
It could be a good time to buy bitcoins now just make sure that when it rallies up you better sell when the peak of the wave is reached. It would be really a better thing to do if you will learn first from the trusted peole on how to trade.
As you learn and understand the market your decision will be much more effective.
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