Yes they are,almost all investors in 2017-2019 already have left the industry and forgets about crypto. They just forgets about crypto and find another form of investments. But there's a good result in this, lets say that all investors are smart nowadays, they always dig deep through the project and do their own research.
Not everyone has left the market but the majority of those that came to this market at the end of 2017 thinking they were going to get rich quickly and that did not cared about this market have without a doubt left the market already and most likely they are never going to comeback. But there are still many people like us that are still invested in bitcoin and that are never going to leave the market but in order to protect our funds we have left the market of icos forever. |
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i do not believe that bitcoin can raise to 100k usd in such a short term period. imagine that how many people would like to sell and cash out with good profits. And to circulate such a high amount, it needs more time.
One thing that most of us had learned the hard way is that there are not impossibles for bitcoin, it may not seem possible for bitcoin to reach 100k anytime soon but people thought the same about bitcoin reaching 20k and yet it happened. And while I know that 100k is five times more difficult to reach since the market cap of bitcoin will need to become enormous for that to happen we cannot really discard the possibility, bitcoin reached 20k with just a few million of users if that number increased significantly for some reason then reaching 100k will become inevitable. |
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We're less than a week into January not much has happened so far. In 2019, we saw the total market capitalization reach over $300 billion with volumes as high as $100B.
Contrary to popular opinions for 2020, Bitcoin would reach a new all time high. Thanks to an increased in hashrate, an the block halving that's coming soon. That aside, what do you guys think would be the overall market trend for 2020. Are we going to trend up, down or sideways and why?
Will love your hear your insightful feedbacks and contributions ✍️
For what I have seen that is the popular opinion, almost everyone seems to be expecting a huge bull run during this year especially after the halving, there are a few others like myself that are expecting the bull market not during this year but in 2021. My reasoning is simple, the recovery that we saw last year exhausted the reserves of those that have been watching this market and they have no more money to invest and I do not see many new investors coming to this market until we get very close to the ATH. |
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There have been many countries around the world accepting cryptocurrencies as well as testing digital assets. For example, the Russian central bank is testing stablecoins attached to real assets. Many countries are openly pursuing central bank digital currencies (CBDC), while others are exploring this possibility. Known names working on the issue are Uruguay, Sweden and India, which introduced the concept of digital rupees in the draft bill of cryptocurrencies.
Russian is one country that confused accepting cryptocurrency, in 2016 they ban cryptocurrency, then after Bitcoin price at peaked and it's become hype Russia change their decision to open cryptocurrency in their country, Putin also excited about cryptocurrency, then at Nov 2019 Russian Central bank say it would support crypto ban and now they start to testing stablecoin. Hmm.. Probably that's their economic strategy to against China vs America war trades  This reaction is not as incomprehensible as it may seem, in one hand governments are excited at the development of any new industry because this always mean more taxes for them, but bitcoin is a unique technology created with the intention of helping the people and not them. So they are confused, they can see the potential of cryptocurrencies but they can also see the danger and as such their posture concerning cryptocurrencies and their future changes constantly. |
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I don't believe that at all Bitcoin is a quick scheme in order to get rich and Fiat is a poor slow scheme, tell me how many rich people in this current world are using Bitcoin? I think you could find a very small amount of people who are gaining through Bitcoin and cryptocurrency forum, on the other hand, A lot of examples you will get that most of the rich people have gained their wealth by fiat, So method doesn't matter at all, I think if you have a specific and precise idea then you could gain whatever you will follow.
But that is only the case because the fiat system has been available during the last century and it is still the dominant system in place, but give it enough time and we will begin to see more success stories when it comes to bitcoin. Also you seem to think that the wealth you have depends on the money you have and that is not exactly true, the money you have is a reflection of your wealth, it is a reflection of all the goods and services you can buy and if at some point bitcoin became the dominant form of money then we will use bitcoin to measure wealth, but nothing will change as those that were wealthy in the fiat system will be wealthy in the bitcoin system as well. |
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For me, the most valuable cryptocurrency to hold is Bitcoin, and then there are only a few altcoins that deserve a long term holding, like Ethereum, BNB, and LTC. I am not holding so many tokens actually, because the market is red and it is better to sell tokens whenever the price reach a good level.
Also, you should join some IEO projects to make a profit as this is also the fastest way to make money but the risk may be higher than holding some good coins. No, ieos, icos or whatever they call themselves in the future are the fastest ways to lose your money, I know that if you are lucky you are going to make a lot of money, but what are the chances you are going to be one of those that get profits? And those chances are very low, just look at the market and see how most of the coins are scams and how only 5% of the traders get any profits, so do not invest in those coins and only invest in bitcoin and maybe in ethereum as well. |
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It may or it may not, that would depend on the team who handles the project cause of course, if they got the right timing on this market for sure, 40% bonus is not that bad! Unless, they have a roadmap for only short term if you know what I mean, but still you need to consider the market condition.
40% as a bonus is simply too much, to begin with I will be very suspicious of a coin that gave such a high bonus, it is obvious that the developers of such a coins are only interested in selling all their coins and they are giving those bonuses to encourage people to buy immediately. But think about it if you were one of those persons that received the bonus, if I was them I will sell my coins immediately before the price crashes and I can obtain 40% in profits without having to lift a finger. |
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Ever since Bitcoin and other cryptocurrencies became a hit within the mainstream world, governments have been quite skeptical about them. Despite the promise of crypto to bring trustless payments to the world in a frictionless manner, governments have taken every effort to try to prevent its growth worldwide. As of now, centralized exchanges dominate the space where they're subject to KYC/AML laws. There's literally no way to prevent government surveillance except for P2P trading (like Local Bitcoins, etc). Considering that centralized exchanges serve as gateways from crypto to Fiat (or vice-versa), they've been the targets of governments worldwide. The main concern of governments is tax evasion and money laundering. Sometimes I wonder why governments want to tax our cryptocurrency funds if they're not considered as money by most people worldwide? After all, crypto's nature is a highly unpredictable and volatile one. It seems to me that governments want to profit from this venture more than anything else. Any other cryptocurrency which prevents them from "taxing" people, would be considered illegal to them in the future (like Monero, and other privacy coins). Which is why, I believe that crypto taxation is more of a problem than anything else. Do you agree with me? What are your thoughts? That is the nature of governments, as long as you are getting some profits of whatever you are doing they want a cut, believe me they would like to make cryptocurrencies illegal but what argument can they use? In the case of drugs they can argue it is bad for your health and they want to protect you but they cannot use that argument against cryptocurrencies. As such they are trying to slow it down and one perfect way to do this is by taxation, they will impose all kind of laws and contradictory regulations so companies refuse to deal with it and the rest have to pay huge taxes to them. |
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But that does not mean bitcoin will just continue to dump, if there are people who dump, there are also people who are just waiting for that right timing as bitcoin always bounce back every time it dump.
That dirty btc might be dump in the market but it's just a normal thing here, bitcoin will remain volatile and the fact that it had died many times, there is no sense to be panic now.
It is normal for markets to go up and down in any financial commodity of course but it is even more normal for it to happen for bitcoin. We have been active for 10 years now (since first bitcoin) and I can tell you that bitcoin for the past 10 years has gone up and down like crazy all the time. It is not doing those crazy moves every single day of course, most of the days it is just like any other stock that goes up and down small time and that is normal, we do not expect it to do anything crazy but any day it could suddenly go up 50% to 10 thousand dollars and nobody would be shocked, we would be a bit surprised but not shocked because it has done similar things before, or maybe it would go down to 5 thousand dollars and that would be understandable as well, these HUGE moves happened before so they are not impossible to imagine for us. That huge volatility attracts a lot of investors to this market, it is true that if you are in the wrong side of one of those movements you are not going to be really happy about it but on the other hand when the market does exactly as you predict then the profits are many times better than what you could get out of the stock market in several years. However right now it can be difficult to know what is the direction bitcoin will take during the next days as the market is not only in a very volatile state but it is also in an unstable state in which it seems like it does not know where it wants to go. |
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OP you have lost once and still wanna try again. You must understand that trading is not an easy thing to do. It requires proper skills and training before you actually start doing it. Why dont you just learn trading first?
I never recommend trading as it always leads towards loss.
He obviously wants to learn and seems to be motivated, however it seems that he wants to be instructed in a very precise way about how to trade and that is not possible, a successful trader does not have the time to teach others unless the student is somehow related to him. But not all is lost, most traders never find a mentor and they have to figure out how to trade by themselves and those are the traders that become really successful as they can generate their own signals and are very confident on their skills since they know how long it took them to develop them. |
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BTcoin is safer than most developing countries' money. You can carry it very easily and it is very easy to transfer. Some doors for Bitcoin are now opened. This market has been trading for 10 years. Bitcoin may be required.
Bitcoin has many advantages over traditional currencies, personally I do not travel a lot but it is very easy to see that if I did bitcoin will have the advantage of being accepted all over the world and what it is even better no one will ever know that you are carrying bitcoin with you unless you decided to tell this information to other people. This is important because the fees of exchanging your currency to another one and sending that money to another country can be very high but with bitcoin this is not an issue. |
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hey bro , believe or not , on 2017 when that happen, i have a research about it. because its totally strange . the coin almost going to 4 bucks each.
so what i got is , too many money loundring using crypto , and ripple is the most used for it, south korean is the most people who using crypto for money loundring on that time, i quite remember about it.
* i forget about what news i read.
the situation can be repeated when there will be many people who use crypto and can increase demand in the market. such a situation that we rarely see now. when people get a reason to use crypto again and of course they will buy and own crypto, so from that XRP and other crypto will of course increase. You seem to be forgetting that events never happen in the exact same way, XRP had a great year during 2017 and its growth was impressive but since then XRP has only registered losses and it has loss almost 95% of its value. You read that right, XRP has lost almost 95% of its value, what kind of investor is going to look at that data and be motivated to invest in it, he will ask himself if the coin has any chance of recovering after such crash and while I believe XRP will at some point in the future recover you will make more money holding your bitcoin so there is not any point to invest in XRP. |
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I don't get why you still ask this simple question.
sell when you are in profit already, and it should be based on your target.
You know what is the hindrance of not selling at the right timing, it's what we called greediness.
So if you are greedy, you might miss the best opportunity to sell.
Knowing when to sell is probably the most important question when it comes to earning profits in any market, most are always thinking of when to buy but as long as you buy bitcoin whenever you have some cash available then you will make money. The most critical question is when to sell, selling when the market is going down could cause you to lose money, selling when the price is going up seems like a good idea but if the price keeps climbing then you will lose profits, so you need to time perfectly when to get out of your position and there is not an easy way to do this. |
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Unfortunately this is the truth, if the only thing we needed to avoid scams was to do our due diligence then scammers will be out of the market by now and that is not what we see.
The market more than ever is full of scammers doing everything they can to steal as much money as possible from investors and this has caused most people to lose any interest in investing in new altcoins and the worst part of all of this is that they suffer no bad consequences for this and they can repeat the pattern again and keep stealing from investors as much as they want.
Scammer cames when bitcoins and crypto became trend on 2017 and unfortunately many people fall from that can schemes specially in year 2018 and for sure we see a lot of it these days so provably the ICO investment option is totally end up these days that's why we can see so many of them falling right now. And I think they will start to innovate themselves since I saw some shitcoins who doesn't conduct an ICO and enlist their tokens on exchange and maybe there they will execute there scams so better we should be aware of this. Scammers will always try new tactics to hide the fact they are scamming their customers and its is because of this I think the only way in which you can protect yourself from this is to stop investing in any new project no matter what. I know that scammers are smarter than I am and if I were to invest once again in new projects I will get scammed again regardless of the efforts I made to make sure it did not happened, then the only way I can be completely sure I will not get scammed is to give up investing in new projects and while I am not happy with that decision it is something I had to do to secure my coins. |
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If the altcoins do not develop then they will certainly make major changes, and currently we can see already 70% altcoin there is no price so if later altcoin can create a good project and no more scamer then change the price definitely There is no must enter gambling and e-betting because this way some of us will not fully support, then the good project will all surely change.
Altcoins are not used very much in practice right now, but I believe one day there will be some well-developed coins applied to our current lives. In recent years, many companies have focused on blockchian development and are becoming a new trend for everyone so altcoin will also play a very important role in this era. I always put a lot of faith in new projects and will choose to invest if it's a project that people are interested in. I have huge doubts this is going to happen, even if a future where we have many coins could seem attractive to some this does not seem possible to me. We need a system that is simple to use and if people need to accept hundreds of different coins then many are going to prefer to keep accepting fiat, and while there are some businesses that accept many cryptocurrencies that is because those people are enthusiastic about this market and I doubt the average person is going to have as much motivation to accept all of those exotic coins. |
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Well based on my own experience i really beleive that big risk has really a big result also, but it is always depend on our own effort, because big risk also comes with a big lose if we failed, so we need to be careful always specially in crypto feild.
This is not always true and we have many examples of this in the market, many people invest in the market of icos and even if they took a huge risk they were not rewarded with any profits and we know this is the most common scenario despite that what everyone is looking for is to get huge profits. When I take that into account then it is better to take smaller risks even if the opportunity to get great profits becomes very small because it is way better to earn a little bit of money than to lose all of it. |
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I think this question already has the answer by looking at the spread of btc and bch. The community has chosen which is the real bitcoin.
Well.. I have to agree here. Considering the number of whales who support the forked coin (BCH), I expected it to perform better against BTC. But since December 2017, it has lost almost 95% of its value and even against Bitcoin, the BCH exchange rate has fallen from BTC0.200 to BTC0.0286. And the split between BCH-ABC and BCH-SV didn't helped the prices either. BSV was able to poach a large number of BCH users, and despite skeptical predictions it is still doing good at the exchanges. This should show you that even the whales do not have a perfect control of the market, what it is the point of holding almost all the supply of a coin if no one is using it? They may claim they are the original bitcoin all what they want but if the community disagrees then there is nothing they can do, and while it is clear the community has given their seal of approval to bitcoin as the best coin in the market this is not going to be over until bitcoin cash completely disappears or at least is out of the top 100. |
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hahah hilariously speaking.
I won't agree less with this. Scammers are clever but cunning and we will always watch out for them. I would never have believed that such a project as Spectrumnetwork could be fake. I placed all my hope on that freaking thing and it was shattered. Nevertheless, I learned my lesson so hard. Several other projects I have seen built real world use case product such as atomic wallet team (built a non-custodian wallet on atomicwallet.io), Aergo team, morpheuslabs and many of them.
Can't fall a victim again.
It is going to be very difficult to find a person that has invested in icos and that has not been scammed as well, this happened to me too, I invested in a project that had seemingly all the right things and I thought we were going to see a project that will change the world of cryptocurrencies. And as you may guess that did not happen and I lost a significant amount of my money and this was very discouraging since I did my due diligence and everything seemed to be fine and I discovered I had being deceived by a bunch of smart scammers. |
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Today I was thinking that if Bitcoin has another 2017, all alts will also go up. Maybe not the same as Bitcoin, but a good chunk. It gives me hope for the alts that I'm currently holding.
It depends entirely on what kind of altcoins you are holding, if you are holding some of the top altcoins in the market then you are right you are going to make money in the future but if you are holding altcoins that are not really that good and you have high hopes for them then I can say to you that most likely those coins are not going to go up in value. The value of most of those coins is based on nothing but hype and hype is something reserved for the newest coins so by the time that the bull market appears if your coins are too old then no one is going to care about them. You're right. The top alt coins is more of a sure bet. It's a risk and reward thing, lower marketcap coin have the potential of giving you a bigger return, but it's a much bigger risk. So it's best to stick with the top alt, but diversify a little with lower marketcap coins. What path you decide to choose will depend on your particular goals for the market, since I am not looking to make 10x my investment or anything like that then I prefer to invest in the top coins in the market that have a lower ROI but that are a safer investment. But if you are looking for big profits then you will have to invest in altcoins with very low market caps, just make sure to research the projects in which you are interested very well since the number of scams is too high to trust blindly in the developers of those projects. |
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Now, investors are already wary of similar projects because there is no guarantee that a project can be genuine and that the people behind are true and not fakes and scammers. While everyone here on the thread agree that scam projects are really killing cryptos but there are you that disagrees with it. I think in the future, the crypto market will be more selective, this can be seen in various projects that exist today, the concept what they have created is very innovative and challenging, and I'm sure the project in 2019 will find a strategic market the following year.
I do not see how we are going to have fewer and more selected projects when the whole premise of this market is to allow anyone to see the code of most coins and if they want they can create their own fork by just copying the code and change a few things and say they have created a new coin. It is inevitable that we are going to have a bunch of bad coins in the market what we need to do is to try to raise the awareness of this problem to new investors so they do not fall victims of those scammers. |
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