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I wouldn't say this is pure a exaggeration by Tech billionaire Tim Draper on the predicted price of bitcoin reaching $250K in 2022, because he had emphasized his reasons particularly on blockchain transforming many aspects of health, finance e.t.c invariably more adoption by this industries will triggers the price going upward.
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I have learned some valuable lessons from trading that I would like to share. These are my personal thoughts and not trading or financial advice.
1. I learned that no one can accurately and consistently predict the market. There are many gurus out there, giving out predictions like candy. Some have large followings and paid groups. It gives people a sense of comfort to seek advice and predictions from these people. But in the end, it's important to remember that no one knows what is going to happen.
I absolutely agreed with you on this because there are many trading groups that gives out signals to their paid customers however most of these groups sends conflicting signals that can cause confusion among their traders due to their inability to accurately predict the market, to avoid such a scenario I ensured that I sticked with my strategy without any interference from external sources. |
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BTCbitcoin prices moving due to technical analysis or fundamental analysis???!!!!!BTC
Fundamental analysis triggers the price of bitcoin whenever there is any positive news related to bitcoin the price always responds to such a news however Technical analysis responds based on the outcome of a fundamental news, TA are indicator based analysis whose actions is based on calculations from past records of the price invariably lags behind the price in most cases. |
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Blockchain technology is one of the newest innovation which is synonymous to decentralization has indeed been creating job opportunities in different sectors mostly in financial sectors thus experts in the field will surely be sought after, recently MasterCard has adopted blockchain technology to fight fake identities definitely more job openings and opportunities for blockchain experts.
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The values of blockchain technology cannot be overemphasize this has resulted in the adoption of this technology by many corporations coming onboard is MasterCard which is using this technology to fight fake identities this is absolutely a welcome development which will invariably makes this technology more popular and exploited by other agencies.
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This article has reaffirmed the benefit of hodling
The word "HODL" might look strange to a first timer " newbies" in the world of cryptocurrencies particularly bitcoin of course in a season of FUD panics is the order of the day for them i.e massive dumping invariably causing more havoc to the crash in price however oldies, seasoned traders follows or obeys the slogan "hodl" in whatever the situation.
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Btctalk name : gabbie2010
Rank: Sr. member
Current post count: 1043
GBYTE address : E6FVWUCAKSJRPHXASANID37OBDS4PJXW
Wear appropriate signature :yes
Wear avatar :yes
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Bitcointalk Username: gabbie2010
Rank: Sr.Member
Current Post Count: 1048
BTC Address: 3LtWp99ruKMScM2HXsM8FJ2LoLcPtsp4Rg
ETH Address: 0x832CB9F14eD6E18C0c639a8E875e84e2E5472C58
Wearing Avatar and Personal Message: done
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Maybe another consolidations will set in between $7K to $8K and gradually the price of btc will be bounce back but I don't expect so much volatility in the price as it used to be there is a bit of stability in the price recently however for the price to raise up so many strong resistance ahead needs to be broken.
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Public awareness about bitcoin in my country is nothing to write home about this is due to the fact that public conception about bitcoin is absolutely negative some belief that bitcoin is a ponzi scheme which makes any claim about bitcoin to look suspicious.
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Personally I cannot regard day trading as fun as you had been making profits consistently this is plus for you, however there are times when the market consolidates or ranges then that is where fear and emotion sets in, that is why majority of crypto traders prefers swing trading to day trading because a trade can be held for days and becomes profitable.
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So I want to learn more about bitcoin on a technical level. The goal is to understand the alt cryptocurrencies in terms of their implementations and what value they produce.
I read through Satoshi's whitepaper and have a reasonable understanding of what's going on under the hood. What I would like to do is explore Bitcoin (or blockchain) on a lower technical level.
The idea I have at the moment is to checkout the Bitcoin repo and start my own Bitcoin "test" network on my local network.
I'm pretty sure that there are coin devs on here. So my question is whether this is a reasonable way to get started to understanding cryptocurrency?
Try and explore this link : https://bitcointalk.org/index.php?board=6.0I am very sure you read and learn all the areas and technicalities involved in bitcoin and other important information regarding blockchain technology. |
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There isn't any noticeable impact of bitcoin in the economy of my country this is due to the fact that the numbers of users and hodlers are small compared to the larger population, hence the government is unconcerned about bitcoin, meanwhile bitcoin has created employment opportunities for the few users mostly traders and freelancers.
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I also read a news article that SARS has held talks with a tech company offering a transaction tracking solution for it with a sole aim of detecting individuals who fails to voluntarily declare their cryptocurrency gains for taxation.
In my opinion SARS is taking this issue too far yet they haven't recognized crytocurrencies as a legal tender consequently this may discourage genuine users of cryptocurrencies in south Africa particularly traders.
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The rate at which these ICOs springs out is very alarming and calls for public concern, the illegitimate ones will capitalizes on the non regulations of these ICOs to defraud genuine investors, I belief there is need for thorough research, reading of whitepapers and teams of experts involved in an ICOs before coming into conclusion whether to invest it or not.
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As far as bitcoin is concerned it is not gambling which is highly prohibited in Muslim world, be as it may working or trading to earn bitcoin shouldn't be term as illegality let separate religious beliefs with our financial life, this are different entities that are not correlated, hence working to earn bitcoin is not forbidden in Muslim world.
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The decision taken by Reserve Bank of India (RBI) is quite unfortunate, this will deprive an estimated five million digital currency users opportunity to trade bitcoin and other cryptos, of course those regulated entities will lose income as well as the government in term of revenue, I am optimistic those users will divert their investment to foreign based exchanges while the RBI is on the losing end.
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Finish your college education first and earn yourself a certificate, It's obvious that you are really earning much from bitcoin as you rightly said make use of this opportunity now and save massively from your earning for future investment however don't get distracted from your college education.
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For now bounty hunting might not be profitable due to the bearish market however the bearish trending will surely ended someday, as a bounty hunter you are expected to keep on hodling your tokens till the market bounce back while your token hits an exchange.
Keep working on as many bounties as you can definitely it's going to be profitable later.
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It is absolutely too early to start teaching a 10 year child bitcoin, you should allow him to finish at least
a high school, thereafter you gradually introduce him to bitcoin , if possible start with a gaming aoplication associated with bitcoin, reading of btc related books e.t.c this will enable him to pick interest right from onset.
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