For now, I don't think it's over. There are still more investors coming in since the price of bitcoin drop down for now so they assume that when the price increases again they might be able to earn those such profits and get profited as what they had invested.
Nope, Bitcoin is not dead and it wasn't. Everyone now waiting for the next halving come and accumulating was there and start hoarding Bitcoin on their portfolio. Remember this that Bitcoin will not drop too much, believed it.
Obviously how can people say that Bitcoin is over, low price or dump does not mean that Bitcoin is going to die, as many investors in these days has invested a lot of their money it is because they knows that Bitcoin in future is going to pump, so in these days Bitcoin has attracted many investors towards itself and low price is the opportunity for many people. |
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In my trade and in my investment, I never take action as regards news without me ever verifying the truthfulness of the news first.
Doing your own research is always the best thing to do. Some people don't bother to research on their own and their only mindset when trading is to earn. News just causes people to panic and if we let our emotions affect that news, only the people behind it will benefit. They want to buy at the price they want so they spread fuds with an unreliable resource. Don't be influenced by the news, I always ignore it, your word is true, they spread fud, but the fact that the news does not occur in the market, I always control emotions when trading, because panic and emotional feelings must be guarded, trading must be with a clear mind and relax . Actually read on news is good. Sometime when rumor spread, it will affect on bitcoin price. Not only bad news, but good news sometime happen. When good rumor happen, price of bitcoin increased and we can take advantage from it. Bitcoin is ruling all other crypto currencies and this is the major reason why other teams spread fake news about the downfall of bitcoin. In this way, they are able to reduce their competition by influencing young or new traders who start dumping bitcoin. If all bitcoin supporters stay unaffected by bad news, they will in short time gain huge profits. |
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In my opinion this is very strange. If everyone saves bitcoin for decades and doesn't sell it just for safekeeping, this is irrelevant. If like that bitcoin is not volatile, so there will be no trading, because there is no market activity and no investment that will provide benefits like now. Bitcoin will be able to gain public trust even if it is not stored forever in the wallet and bitcoin cannot be genuine cash, because that is not the purpose of bitcoin. Bitcoin will continue to grow and develop because bitcoin has good value.
It will be a good idea for me, as the value of Bitcoin is increasing, so for me it is a perfect investment, of course not all but at least save some of your Bitcoin and consider it as your invest for your future. Don't just invest 100% of what you have, still save and invest in other way, not only in Bitcoin as it is risky too, as we don't know what will happen in the future. Absolutely! It is not the right time to spend bitcoin because the value is too low and you might lose a lot of money if you do that so it might better to wait patiently for its value to increase again and much better to just spend your fiat money for now. Bitcoin is good for long term investment not just in a short period of time. So, we are not yet in a selling point, the fact we are on buying points. Yeah right now it is the time to buy Bitcoin in low price as most of the people can afford it and it is time to make Bitcoin as an asset for future because in future the price will high, and I think in these days one should not spend his Bitcoin because it is totally loss, as a lot of people has bought it on high price but now the price is low and it is not wise to sell it on low price, just keep Bitcoin for long term investment. |
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Anyone has seen the market today, how much is altcoin dominance? I'm not sure that ETH will do that. Almost all altcoins that are at the top of the digital currency and have a large community, use BTC pair of their digital currency. There is still a lot of bitcoin dominance in the market, ETH will lose demand in market if they delete ETH/BTC. Nothing can beat bitcoin for sure. Bitcoin is the whole reason why altcoins are surviving in this world. Ethereum is nothing without bitcoin. The whole digital coin depends on the king of crypto currencies, bitcoin. As far as the matter of dominance goes, bitcoin was is and will remain the dominant and no coin can takes it place. All of us can blindly trust bitcoin and altcoins need it for their survival. At least there are still investors who are completely aware of the worth and potential of bitcoin. Bitcoin is soon going to again jump to 15k usd above by the next year beginning. If we want to see soon increase in the value, we ought to keep supporting bitcoin by either keeping it in wallets or by buying more and more of it. |
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I agree with you that bitcoin will not fall from $7500 because when the correction in the bull run market bitcoin has never fallen from 50% and currently bitcoin has touched a correction of 44%. I think in the next 1-2 weeks bitcoin will come back at $ 10k  Bitcoin has stayed in dump for long time and it is evident from little increase in its value that soon bitcoin will be set on track to reach sky in context of prices and this is the sole reason why number of bitcoin buyers is increasing day by day. The soon we investors start buying bitcoin, the fast it will be seen on heights of new prices. |
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Since betting is not illegal in most countries i don't see as how this will be an issue for crypto. Crypto provides fast confirmation and a highly scalable network of which is highly beneficial for betting platforms. Crypto revolutionize the betting platform by decentralizing the entire system, if crypto can conveniently penetrate the betting industry it will go a long way to bring crypto into mainstream
as we know betting is popular games on crypto community, because as you said in few country is legal and make country profit from tax. in blockchain community to, bet and dice is popular because people don't worry about the fraudulent from broker, because the plaform running in blockchain Gambling has been there since people started earning money. This was used for fun at that time and later they started using it as a stream for making money. Gambling is common all around the world and people enjoy it, so those governments that have made it legal have done great because in this way they have channelized money for taxes. |
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On another hand don't look bitcoin as an investment option only and your reasons will skyrocket too because this coin offers cheap and secure transactions, also you are able to control your wallet without any 3rd online services.
Considering that most people don't remove their coins from the exchange they use, it's fair to conclude that they don't care about decentralization and secure transactions. They are here for the profits only. I don't see much wrong with that.... it's their money so they can do with it whatever they want. Another benefit of that is the fact that you can have a more rational view of the market and where Bitcoin could be heading to in the future. There are too many moon boys expecting the price to reach $1 million and up, which is ridiculous. Exactly, it is the benefits and profits that are the main reason why people starting investing in bitcoin and why it is still grabbing more fame and supporters from all over the world. Let’s just not deny the fact that money is the biggest need and it is essential for our survival in today’s world. We all want to enjoy luxuries of life. Bitcoin can give us that in an easy and safe way. Moreover, bitcoin can do anything, it has always been just a matter of time. We often waste our time in searching for jobs that do not even pay us good money and most of the time when we make our minds for doing certain investments; it is hell tough to find out something as profitable as bitcoin is. As you said, it just takes time from you to reach some amazing profitable value, other than this bitcoin does not demand anything. |
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Hi everybody, I have a serious question to address:
How will you tell (or reveal) to your Bank that the huge daily (or weekly) deposits into your Bank Account are from crypto-currency profits?
- Would you go to your local Bank Branch and tell them ahead of time, that you are a crypto-currency investor BEFORE you make huge deposits?
- Would you go to your local Bank Branch and tell them that you are a crypto-currency investor AFTER you make huge deposits?
This question is important, especially for people of modest income that SUDDENLY start to make huge profits from crypto-currency.
EDIT: I would love to pop into my Local Bank branch (in the United Kingdom) to tell them that I am into crypto, but I am a local person in the area - I do not want to attract attention to myself (or to attract potential thieves), because we do not really know who these Bank staff really are, or if they have connections to the criminal underworld.
I do not want to turn myself into a local target.
EDIT 2: The reason why I was suggesting contacting the bank first, before making serious deposits (single large deposits or frequent small deposits), is because some banks just call the police (without contacting you first), when they notice strange transactions in your account.
When a bank calls the police on their customers, this automatically gives the police the permission to issue a "search warrant" on your living premises.
This means unwanted visits from the police, who have authority to scuffle through your possessions and seize all of your electronic communication equipment.
While doing this, they now have the opportunity to search your home for anything else that they think is wrong, or to issue trumped up charges against their victims.
The real reason why I want to contact my bank before I make any serious deposits from crypto profits, is to avoid the possibility of unwanted police visits or investigations. Police love to confiscate electronics (computers phones), which could prevent you from accessing any market while the electronics are in police custody.
EDIT 3: I am not scared of paying high taxes. I just want to cash out honestly, without being worried of the unpredictable and punitive behavior of the Authorities, who always criticize or attempt to make accusations "on suspicion" of wrongdoing.
I want to pay the correct tax, and get over and done with this issue. I do not want the Authorities chasing me around for unpaid taxes later in life.
When you make deposit with higher amount to your bank account they will called police and I think extreme way when you make cash out your money to bank, too risk if you make big amount for cash out but if you can cash out with little amount every day to keep your bank account safety without called police men with your activity in your bank, you can cash out in daily day with small amout. This is done for the safety of people and banks as well. If someone who has history of depositing few thousands into his or her bank accounts and all of sudden comes up with millions, of course everyone is going to doubt it and bank is going to call police for further investigation. They are bound to do so for the betterment of whole nation. |
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I want to be rich but have start looking money to invest in bitcoin or altcoin, now I want to try working almost ten hours every day to get much money and use it as my investment in crypto, I am tired with working every day and I want to get money with investing.
It is alright if you are working at least 10 hours a day because that is what it takes to become successful one day. You need to learn to sacrifice something in order to achieve what you want. Just always remember that all the hard work, stressful days, late nights and early days, it will all pay off at the end of the day. Keep pushing hard and always stay humble. Your hard work and hardships never let you down and you always get rewards for them. Those who have become rich in the world of crypto currencies had also worked harder in those days when people were not even ready to believe in the potential of these coins especially bitcoin. Working hard and smart at the same time is required for you to become rich. |
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That's already a huge capital. As for me, it will be better if you'll choose to invest with the top 10 coins in CMC. Why don't you buy atleast 40% of btc and others for Ethereum and some trusted altcoins? Xrp, Ltc and Bch are also good choices. Just choose a reputable and potential coin and you will surely gain a good profit in time.
I might increase the percentage of bitcoin. if I want to buy bitcoin, I might copy 70% of the assets that I have. I quite believe that bitcoin can have a high price in the near future. there is no harm in choosing altcoin, but you also need to know the potential of altcoin that you will make a place to invest. The top 10 coins in CMC might be the solution, but I think you need to do research on the potential price increase. I think that BNB and ETH have potential close to bitcoin. My suggestion would be to go for the bitcoin and there is no need to look for other options when the most beneficial is available. No one can deny the fact that bitcoin has produced the most rich people and all altcoins highly depend on bitcoin for their survival and worth. Even ethereum which has been the number one altcoin for long now is nothing without the king of digital coins, bitcoin. Bitcoin is undoubtedly the major and prime centre of attention in the world of crypto currencies and I believe that it would not be an exaggeration to say that bitcoin has maximum followers and investors in crypto market or on crypto exchanges. I am also in mood of buying some portion of a bitcoin at the moment to join this new journey to 22k. |
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You've done a little research but still considering more of other people's opinions than your understanding after that research.
Before investing, always know what investment you should consider.
An investment without proper knowledge will only lead to failure. You should consider your own opinion when it comes to investing and not the opinion coming from other people/investors.
thank you, thats very helpful. I still have a lot more research and consideration before even thinking of buying anything. but thats helpful, I will consider my own opinions too. I guess im too trusting Do not trust to other people so easily. Not all their words will do good in you especially when it comes to investing. Most of the time, people use words to attract more investors to hype their investment only to benefit themselves and leaving after you having losses. That is part of their marketing strategy. It happens too much in the market that people always attract the newbie to the scam projects or coins in order to get their money, well before investment a person should do his own research or he should seek help from those people who could give him some useful suggestions, or if it is not possible then he should invest in those coin which are well-known to everybody. |
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Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.
This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.
but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.
It cannot be considered as ponzi scheme as you cannot earn easy money in crypto currencies if you don't have the skills that is needed to get a profit from it. There is no quick profits in crypto, in crypto if you are trading then you need some time before you can earn a profit from your capital. And if you are a marketer, you need a client to earn a profit and if you are a project owner you need to create a solid project that will succeed to reach your softcap. There is no shortcut to everything, you need to work for it. Yes achievement of anything in this world always has some cost which a person have to pay in order to get that achievement, like for earning money one has to pay its cost which is time and hard-work, nothing is free in this world. Like in crypto one have to do hard-work and he must give his time as well as skills and knowledge matter very much, so short- cut does not work here which means crypto is not a Ponzi scheme. |
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I think nothing because there's no strict regulations about projects so they can do whatever scam projects they want to do, then the bounty hunters are also suffering because scam/failed projects means no payout.
The only option left for the bounty hunters is to carefully analyze the project that being introduced, the more careful they do the more possible that they can get into a good project that will pay them for their works, and same from what you have said. It's free to any regulations so scammers are just around and keeps doing their best to trick people to keep participating and wasting their time to nothing but scam projects. sometimes even though we carefully analyze the project, we are still trapped in a fraudulent project, especially if we don't analyze it carefully, it might just waste our time. by continuing to do research, I think the longer we will gain experience to choose projects that are truly quality So that is why it is great saying that “Haste Makes Waste” and it completely true that if a person do any hurry in case of project selection then surely he has to lose his money because in the market there are a lot of people who will try to just scam people in the name of their so-called project, so as long as a person is well experienced he will never get into their trap. |
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the price goes down right now, but dont worry, it's a retracement which is good for reacumullation for whales
but for long term, bitcoin is still good that can reach $22k easily, we are as a crypto enthusiast must believe that history will repeat again (halving)
Reaching $22k in this year might not be achieved, but in the future I am sure that the price of Bitcoin will exceed $22k. So it's true as you say that now is the best time to buy BTC and make as your long term investment. And don't forget to buy some Altcoin for your Bitcoin companion. May in this year Bitcoin price does not reach to $22k, but I am sure that in this year the price of Bitcoin will be good enough that in the beginning of year 2020 $22k will be possible. I think if all the investors of Bitcoin go for long term investment then it will be best for the price of Bitcoin and Bitcoin will reach to the moon, But I think it needs a lot of patience to hold for long term. Bitcoin is not only a currency but also an asset. Just like gold, it has never ending worth in the markets of investors. For the time being, even if the mighty coin is having some issues, we shall not worry about the time when it will be even beyond the value of 22k dollars. We shall treat it as an asset by now and let it rest in wallets for next 3, 4 months. |
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Africa as a good place for crypto? Yes it would. Africa is a continent where some countries are ready to embrace good things. Ofcourse, banks are there to oppose certain things which are likely to pose their businesses to threat. Once africans realize crypto will fetch them money, they will quickly embrace it and work into crypto. However, in an instance where the money is keeping them to wait longer, trust me they will back off. Crypto will be good in Africa but the issue of patient can be a challenge.
Every country good place for bitcoin and altcoin if people want to adopt and government give regulation for bitcoin, but for Africa's people are they interested for investing in bitcoin and altcoin, look they like for investing with buying or selling stock or other online investing, have to try for listing legal coin there and look how interested african with bitcoin and altcoin. Bitcoin and altcoins altogether were introduced to make people financially stable and giving them nice control over their finances. In Africa, people are suffering from inflation and they want to get rid of it. They definitely want some source or method through which they can earn huge money and bitcoin is best option for them under such scenario. |
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The best answer for me is depending on one person time and capability to cope with the trades because we know that these two have both their own consequences and we need to know within ourselves what is the best thing and time for us to trade. Where if we are not that so patient in waiting trades we can do daily trade and if we have a good patience we can invest or do long term trade plans accordingly.
These are indeed two most important factors to be considered when you are to decide the mode of making money in this diverse market of crypto currencies. There are many options like you can go for investing into big coins and save them for months. You can opt trading as your course but for that check out for time availability and patience. |
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For me, it depends on the person/ trader, which is his/her weakness in trading, but most reasons are emotions, patience, overreact. When it comes to emotions, its like patience because if you can't manage well your emotions, it ends up breaking all your plans and calculations. We all have a different range when we buy and sell, but if you can't deal patiently with for your profitable rate, I'm sure it will be different calculations. Also, some trader is overreacting that they panic selling their cryptos because of some fake news/ unreliable news. Patience as always, we often read or heard this world in every trading venues that we will going to deal with this business. You need to bring a lots of this while working with your investment as you can control your emotions correctly if you have patience to analyze before you react with the any situational things that might affects your trading system. Chances of surviving is much higher when you know that you can stay calm while you are observing what possible trading strategy to use in order not to lose your position. Patience has been trait of apostles, saints and successful people. This is a rare trait and people don’t understand its importance until and unless they have taken some wrong decisions in haste. There are numerous examples where traders lose huge amount of money because of being impatient. Those people who are impulsive shall never ever do trading. |
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That's true , the volatility is what makes lots of people not accepting it as a means of payment, just like some small scale business owner lamenting about their loses due to the instability
Due to volatility I think there are a lot of benefits of cryptocurrency, the first benefit is trading as the price goes up and down it provide more profit to the traders, the second is holding of crypto currency let we compare gold with crypto then everyone knows that holding of crypto is more profitable as compare to the holding of gold. Also sometimes the volatility of crypto proves very beneficial as payment, let a business owner accept crypto and the price goes up then it is good for the owner. |
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the thought that must be applied from the beginning, what goes up won't always go up it will definitely go down, and the opposite.
you only have to adjust the right time, make the target so as not to be swayed, indeed we must go with the flow, but if you take too long to be washed away, that is why you have to make a target when you will rise to the surface after a long dive.
Stay realistic all the time, allow your mind to control your emotion and not the other way around. Based on my personal experience, I did a lot of mistakes in the past since I got greedy thinking BTC will continue to moon, one good example was what happen last year 2017 when btc had its ATH, I thought when BTC reaches to $19k, it will still go uptrend, but I was wrong, I was even hesitant to sell when I see it going dump abruptly because I trust BTC so hard without realizing correction should happen anytime. Hopefully for newbies, they will continue to study and learn from the mistakes of others so it will not cost them money. This is a fundamental principle of nature that whatsoever is once shining so hard and ruling the world at least for some time faces downfall and that is very normal. This happens so that one does not become arrogant or think of himself as god. As far as crypto market is concerned, same happens with digital currencies here. They keep on shifting from high to low and vice versa. |
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Do you think its a good idea to have paper Cryptocurrency in circlelation too?
Like we have fiat currency digitally we also can have Fiat Currrency as paper.
I personally think its a good idea to have btc paper Currrency or metal coins too wich Will be accepted any shops!
Second point is that the dEvil is not the paper currency or any Kind of fiat currency the devil is the just the money printing out of thin air and lending this money out.
So nothing wrong with cash cash is not a devil!
Paper cryptocurrency? Digital should remain digital to avoid manipulation from the government. We already have Fiat currency, so what's the point of having crypto to have paper version. That would be really absurd to see digital currencies in paper form. People will not be able to accept this entirely opposing idea to the real objective of bitcoin or digital currencies. World is already having enough of fiat and a lot of variety is there. People were and are attracted to bitcoin because of its digital nature. I don’t think it is great idea to attract investors. |
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