If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
Nice post OP I can feel your sincere comment and not just to create new thread. Most of the people complaining on losses bitcoin are those day trader who are lack of knowledge on trading. Some people still don’t understand that to be able to become successful you need to become patient on the market movement. If you notice no long term holder ever complain in the price dip instead they are happy because they can cost average and grab the opportunity of lower price of BTC. Cryptocurrency works best in long term hold and graph history will prove that. If you react too quickly poor decisions might arise. |
|
|
|
Whether one should invest in bitcoin or not depends on whether you think Bitcoin will become a long-term trusted store of value.
If it does become a long-term trusted store of value, BTC should trade around $2,000,000 a coin (depending on how many coins are lost and are actually in circulation). That is over 100x the price of where BTC is today.
If BTC does not become a long-term trusted store of value, its likely price will be close to zero (unless it becomes a "cool" collectible... which is a possibility).
So if you think BTC has a 10% chance of becoming a long-term trusted store of value, it is a good investment with a nice expected return. It is still very risky but professional investors should invest some small portion of their portfolio in this case.
Yes 5-10 years from now I think Bitcoin will be the most powerful currency in the planet. It’s a revolutionary invention which has greater impact to our daily lives. I don’t know your sources of $2,000,000 future value for BItcoin, but if this will happen then many ordinary people will become millionaire and those rich people who hoard fiat will become same status of bitcoin holder. Many traditional believer of fiat will be force to convert their money into crypto out of fomo. |
|
|
|
As I have seen this already too many times since past few years, I believe it would be beneficial to share my experience with crypto markets. Do not sell your coins/tokens when the market is dropping, it's just a pure speculation and perhaps market manipulation from whales who only target to earn on whatever the price moves they can achieve. If you're reasonable, sell when market is high and buyer/hold when market is bleeding. I hope this helps you to decide  You cannot dictate people on whatever they want to do in their cryptocurrency. What we can say only is advice the people not to sell their crypto because it will contribute only to the continued price dip. The current price dip on cryptocurrency is not because of the whales. It is because the fundamental are not yet favour to cryptocurrency. There are many bad news in crypto affecting the price of the market. What we are really hoping is the sudden end of bearish trend so the price will not go down to the limits. But I believe that this will return to its normal level by next month. |
|
|
|
Ripple is actually being used over 100 companies all over the world far better than most cryptocurrency adoption by companies, some of which are using it for pilot testing and some of them have already adopted it. Their tokens are meant to be like a vehicle for online money transportation through the RippleNet which connects banks, payment providers, digital asset exchanges and corporates but still yet in the past two years the price as not been impressive as it ought to be what can really be the cause?? You may use / or instead of and for not to confused the reader. Since XRP is categorize as altcoin you cannot discount the fact the movement of its price is somewhat dependent to BTC. But instead of worrying the downtrend or loss, I think it is perfect opportunity to cost average. We should take this rare opportunity and start filing a pack of XRP. |
|
|
|
This is just a thought that occurred to me while reading some posts around here, feel free to discuss it or even criticize it. So if we want Bitcoin to rise in the future, we need it to crash first and many wannabe traders to sell off their coins at a loss when the price is low. If people don't close their positions in panic now and just wait out bad times, they simply won't let prices grow later because they will get out whenever the price rises just enough for them. But if they fix their losses, they will no longer have bitcoins to record minor profits and thus drag the price down in the future. As a consequence, the price can surge higher without a lot of selling pressure at bigger figures when the hype and buying frenzy begins anew.
The bottom line is that it is kinda required for Bitcoin to crash occasionally for the prices to rise higher eventually.
This is due to the law of economics of supply and demand. You cannot dictate people not to panic selloff or hold their account for as long as we want. This is because the law of supply and demand says that if there are many people see the price of BTC become overprice many will do selling for profit taking. After huge profit taking it will hit the lowest price where in many people think that the price of BTC became too cheap then these will be the time again of buying. This cycle of buying and selling will continue as long as there is supply and demand for crypto. The same logic you have interpreted but different approach only. |
|
|
|
earlier this year I tried to hold some coins and tokens but saw the market and the exchange getting downhill, what is the best move to sell it or hold it?
You’re in big trouble my friend because as of the moment you don’t know what to do in your crypto. I have three little piece of advice that you might consider and here are the followings; 1. Know your assignment – It is OK to ask for opinion but never make that the sole criteria for choosing a decisions. 2. Never panic – One of the deadly sins of playing here at the cryptocurrency. We all know the high volatility of the market. You need to get along with that roller coaster ride. 3. Long Term Investment – This strategy fits very well on the person who has limited knowledge in trading. Aside of that looking at the overall gain of holder than trader are much bigger. |
|
|
|
Exit strategies are important in a trading plan but are often neglected by traders. It makes sense because traders prefer analysis and consider it as the key factor in every single trade deal. However, it is not that simple. It is such a long way to go since you place an order until you exit. You will have to enjoy many different emotional moods and thoroughly analyse the exit plans such as: + Should you set a closer or further stop-loss to the striking point so that there is enough space for the prices to move, avoiding stop hunt? + Does the stop-loss follow your plan? (Should you trail your stop-loss order based on any indicators or candle?) + When should you trail your stop-loss order to the break-even point? + Should you place a fixed profit target or trail stop-loss to gain the best profit? As a result, exit strategies are crucial factors that each trader should make for their own. #KingmobileExit strategy is the most crucial part of trading. In this stage of trade you will experience two important decisions that will change your portfolio. The first one is continuous drop of account value. If you perform cut loss you have already accepted that you failed in that trade but if continued, you might further incur more losses. The second one is profit taking; if too early you might not get the breakout price if too late your gain might easily melt. Exit strategy should be crafted carefully because it is equates to loss or profit of your trade. |
|
|
|
The lack of financial education in general is a worrying problem. We teach students about literature, maths, science, ... and we tell them that those are the things they need to know in life. Yet usually, the largest single expense they will have on their lives is a house, and that normally comes with a mortgage. Yet, only a few schools will tell them what should they be expecting, the risks and the consequences of such a contract.
Bitcoin and alts is another case in which people are carefully kept in ignorance by the governments and lobbies.
What can we do to make more people interested in economy and finance and to better educate the youth so that they don´t get ripped-off?
Most of all elementary and high school curriculum's are focus on the student development to become a good employee of a company. We were though to follow the strict rules, never enter a risky business, and be contented on what are presented on the table. And these were past to generation to generation. But things right now has started to shift due to internet revolution. I think if we compare the percentage of people who were financially literate, this generation has posted the highest awareness on the importance of financial education. I would not be surprise if the number of financially liberated will increase in the future. |
|
|
|
Have you ever thought about buying bitcoin for your children as a future investment?
Yes of course! And bitcoin would be one of the investment tools I will use for my children’s future. The key for successful investment is thru diversification of portfolio. These would be the composition of my investment portfolio; 1. Cryptocurrency 35% 2. Stock market 25% 3. VUL 15% 4. Mutual Funds 15% 5. Insurance 10% |
|
|
|
Do you have a plan on how to get financial freedom? A lot of people out here are chasing financial freedom but for lack of information they don't know the steps to take. Finding yourself on this page is not coincidence, rather it is a signal that financial freedom is only steps away if you make the right choice
Yes of course! We are currently here on cryptocurrency for the purpose of gaining financial freedom. Crypto is a tool that will help us achieving our objectives. With proper education and patience I think financial freedom is not impossible to attain. Combination of bounty activities, trading, and investment will gives us high percentage of success in crypto. |
|
|
|
As you are all aware, this week the market experience a fall of around 10% in prices for major cryptocurrencies. The reason for this dramatic drop in prices are multiple, but it is my hope to enlist them below and start a discussion. It is said that the US Securities and Exchange Commission (SEC) announcement about ICOs platforms and the possibility of forcing them to register is one factor to take into consideration. Second, Japan’s FSA recently suspended two exchanges and penalized another four, which caused a bit of panic among the [Suspicious link removed]munity. Last but not least, rumors started running across Redditt that Binance was being hacked. All these situations caused the cryptocurrency prices to go down by 5-15% on average. To explain this a bit more, take a look at this video that easily explains what exactly happened this week  https://cryptocoin.news/news/altcoins-this-week-why-cryptocurrency-prices-went-down-blockchain-legislation-in-russia-and-much-more-8714/Feel free to comment as well Nice post OP although the reporter look rash I can ignore laughing. Putting kidding aside, I just hope that the downward moment is only temporary. This kind of bad news coming from the media really affects the price of cryptocurrencies. But based on TA the trading price for next week is 9,200 – 7,700 USD. If fud continue in BTC which we are all are hoping not happen, the price of BTC would be 6,500 USD in the 3rd week of March. |
|
|
|
I think the effect of this to the entire cryptocurrency world will not be that significant these is due to the fact that launching cryptocurrency is a new trend for big businesses. . Many corporate are already going to this kind of technology due to advantage it gives to their operation. Though it is certainly big score for the legitimacy of blockchain technology if this project launching pursue. |
|
|
|
It happens in the crypto don't be panic or distracted if you face bad times while you handling crypto, tough time is not permanent handle those situations cautiously think in a different manner wait for the good times, very important thing is patience.
At the moment the price of BTC is 8,900 USD and forecasted to go down up to 6,500 USD. I’m still contemplating to hold even though I almost lost 20% of portfolio’s value. Technically speaking if I will continue to hold until it will go to 6,500 USD the total loss I will incur is 42%. I’m really confused if I will sell to day to cut my lost or believe in the popular HOLD strategy. |
|
|
|
|
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.
If you’re at the losing position what is the best thing to do?
|
|
|
|
In a recent NYT article they stated that Trumps tax cuts might be working too well. So well in fact that they might "overheat" the economy and cause the federal reserve to increase interest rates faster than expected. This is the NYT so take it with a grain of salt but if this really is a problem that economists and investors are worried about, who is at fault here. Is it the republicans for cutting taxes too quickly or is it the federal reserve, or someone else I am totally forgetting?
Only time will tell if this tax cut outcomes will be successful or US recession. Many economic wizard tells that the short term effect of tax cuts are beneficial but the long term would be disastrous because if the objective of tax cuts will not materialized then budget deficit will increase. I think as of the moment there is no point to agree or disagree since law is already approved. All we can do is help the government attain target objective of tax cut. |
|
|
|
Inspired by HR's thread ($10,000 into 1M): https://bitcointalk.org/index.php?topic=1936239.0Looking for input from experienced traders regarding my coin picks and their fundamentals to see if a buy and hold (with adjustments but not day trading) will be possible to 20x the initial investment of $50,000 ideally within a year. I would like to aim for $350,000, and a maximum of 1,000,000. Snapshot of portfolio based on today's pricing: Bitcoin (BTC): 42% Ethereum (ETH): 22% Ripple (XRP): 14% Iota (MIOTA): 10% Basic Attention Token (BAT): 7% NEO (NEO): 1% I don't believe this current portfolio will be able to reach 20X due to majority being established coins that have already moved considerably. Last month's ROI was approx 22%. I'd like to adjust my future portfolio for the next month to look like: BTC: 15% ETH: 20% XRP: 20% IOTA: 20% BAT: 5% ____: 5% ____: 5% ____: 5% ____: 2% ____: 2% ____: 1% Ideally I'd like to change either my BTC or ETH holdings into the next big project, similar to how HR changed his LTC into ADA, but can't decide for now. For the speculative ones, I'm aiming for coins with <50M market cap with good fundamentals. I'd hopefully update this every week, for those whose advice I take and profit from I'd plan on giving back in some form as I reach milestones (100k, 200k, etc). Of course if it all goes south you'd just have to accept my gratitude Any suggestions/constructive criticism is welcome!$50,000 turning it to $1 million in a year is possible if you’re a bad ass day trader. Even bitcoins and altcoins almost reach their peak price; it is possible reach that objective. In able to do this you have to do the following; 1. Become full time day trader 2. Learn the full dynamics of technical analysis 3. Establish effective and good trading plan There are people able to do this that’s why I said it’s possible but I will not recommend it because the risk is to high stakes. But if you’re decided to pursue this you have to follow the three tips I have given. |
|
|
|
I'm so stupid when attending crypto currency, who can help me to get money back? I also ask many traders who has experiences in this one, but I still lost money
Plenty of money is wasted because right from the start you seem you don’t know what you are doing. One error that I see is you are relying most of your decision based on others opinion and I think that is very dangerous for one reason. Those people don’t care about your money whether it will lose or gain. I would suggest that you need to re-access your trading/investment plan. Realigned this based on your experience. Sharpen your knowledge in fundamental and technical analysis. Attend seminar or workshop to solidify your learning’s based on actual experience. |
|
|
|
Hey,
Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
Losing money in investment is nothing new most especially if you really don’t know the market. Actually we can minimize these losses if we do the following: 1. Study the entry and exit of investment 2. Research and study the foundation of your investment 3. Having coach behind you to guide you 4. Learn the dynamics of your investment. Common errors can be easily corrected what we have to do is accept failure and look forward in rebuilding yourself. |
|
|
|
Where and how would you invest 1m dollars? What coins will you buy? Or will  you just put them in Bank? This is my investment portfolio if I have 1M USD: 40% - 50% Bitcoin - 50% Altcoins – ETH, Ripple, Litecoin, Waves, EOS, NEO 35% - Stock Market 15% - Mutual Funds 10% - VUL/Insurance This is the perfect combination for road of financial independent. I will not put my money on bank. It’s a waste of time and value. |
|
|
|
Hello guys! I just read an interesting trader's view about BITCOIN and having a good news! Do you believe that BITCOIN will get back to $15k to $17k mark? It is now completing the Head and Shoulder pattern which is a good indication of a bull run. You can check one of my favorite person at Tradingview.com HERE Who is using this this website by the way? it is a good helping hand for most traders who wanted to get another opinion from a trader. You can also find the top traders hereIf the 11,700 USD mark will be break I do believe that there’s a big possibility to reach that price at the end of the March. At the end of the year I think that 20k USD mark will be re-tested again and will continue to surpass the 2017 all-time high. By the way the web site is very interesting because they include their analysis. |
|
|
|
|
Show Posts
