I have been seeing these topics quite regularly now on the bitcointalk forum and I wanna ask to the people of the community that you do know that Bitcoin and other cryptocurrencies are going to stay for long right then why do you people sell it at cheap prices ? The ones who are selling their coins at lower prices are losing the opportunities of making profits since crypto will definitely recover and give huge returns in the future. If you are selling it not to buy at lower prices then its a good thing but if you are selling thinking that Bitcoin or other cryptocurrencies are crashing then I would like to say that you are just losing the gains.
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Bitcoin is now at $8800 which is really shocking for me as it is the lowest point bitcoin has reached after so many days. After the pump from $1000 to $17000 this is the time when bitcoin has gone to a very crucial stage. I am holding an amount and dont wish to buy more right now since I dont have any fiat. So I probably will be holding the amount I have. Man all these governments.. they are really trying to break down the crypto market, scare some people off..gotta stay strong
Agree with you mate. I believe the politicians are the ones responsible for this since they dont want other people to gain more profits and want the opportunities for themselves. If bitcoin breaks and then gains a sudden growth then I think this point will be proved.
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I could list many things on this matter that I didn't wanted to do but did it anyway. First would be transferring coins from one exchange to other using BTC. I should have used doge for the transfer. Then would be panic selling as I used to a lot of it. Taking part in pumps and dumps would be my biggest mistake since it just made me huge losses. I didn't used to hold my coins for long and would sell it quickly for smaller fluctuations which I regret even now. Anyway I am happy I know what to do now as I don't repeat these mistakes again.
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South Korea has established regulations that every Crypto trading account should have a complete KYC. In my opinion initial coin offerings should also have KYC for every investor to be regulation compliant. Thus, terror financing will reduce to a great extent through cryptocurrency.
That's a good initiative they have taken since this might stop many criminal activities. I believe not only the customers but also the creators and developers of the particular ICO should have KYC documents submitted to some trusted authorities since this will show their genuity and will give the investors a better insight about the people they are going to give their money to. Although this a tough thing to do since a trusted authority will mean that it will be a centralized processed but the necessary steps similar to this should definitely be taken.
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We all know that at some point of time in near future Bitcoin has to grow and along with it will rise the rest of the potential altcoins. It's just a matter of time when before the ride begins. For all those who are buying now I would say you are getting the most precious opportunities to buy in this dip since it may never come back. I am sure once the bitcoin ride begins these prices will become a myth. Altcoins are now at cheap prices too and it's hard to say whether they will show some significant gains NOW or not. Altcoins had their great gains in the end of December and that is why they are giving out more dips now.
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China is not the only country using cryptocurrencies, there are many other countries as well who are using. Though China once was a dominant user of cryptocurrencies, it declared a ban and shook off its dominance. Now it won't matter if it again bans cryptocurrencies or not. It might create a minor fluctuation as it obvious because of the panic sellers but Bitcoin as you know, will recover the drop easily and will get back on track to the rising moon. I believe taking it lightly would be the best thing to do if at all it bans the trading platforms.
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There is actually no good time to buy bitcoin since nobody can when a good time can occur. The possibility for a better time to occur right after the good time are still there. So it depends on you on which point you enter the market and how well you are at holding that position. For instance if you enter at $11k and the price goes down to $9k and if you sell then it's your loss but if you hold your position well and if the price goes up to $15k then you are at good profits. So it depends on your holding ability eventually.
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It all comes to the existence of cryptocurrencies if Bitcoin wasn't ever created at the first place. There both the possibilities for cryptocurrencies' existence. One is obvious that crypto wouldn't have ever existed and the other is that some other coin would have taken place of Bitcoin. Besides that, we don't know how well would the new coin would have performed and how much influence would it have given to the other coins. Things would have changed completely because bitcoin is the one coin which influenced every other coin owners to create their own coins.
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This is definitely not a right thing to do but we can't do anything about it since cryptocurrencies and it's exchanges aren't regulated by the government but specific people. So we can't really do anything about their new rules. The only thing we can do is quit using their exchange. So you have an option to transfer all your altcoins to a different exchange. I would recommend bittrex and binance for this case so that you can continue your trading without any losses.
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You can make your investment based on two things. One is you look at the charts and make your predictions and then invest in the specific coin based on yoir analysis and prediction. the problem with this is that some times there might me issues such as fake wall and manipulation in which case you might end up losing money (if you sell[obviously]). The second thing you could do is research on the coin and look at why you should invest in it. Find out its role in the development of technology and you will find out it's potential. After that invest in the coin you will surely see it's benefits in the future.
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Agree with all the facts provided by you but would like to mention one good point that you missed out and that is taking part in Pump and Dump. Yes, I do consider it to be an important aspect why Newbies loose money because it was done by me when I was a beginner in trading. We should never take part in pump and dumps as it will make us be a bag holder. At least not as a newbie because they lack knowledge of trading and end up losing money. Rather than making these mistakes, give some time to learn trading and then start your journey in a slow pace.
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That might be true because I have watched it's video on YouTube how the man shows that the search queries on Google depicts the relationship between the price drop/rise in Bitcoin. But I do believe that it might also be that when a price drop/rise occurs the people search for it's related queries after or simultaneously as the movement is occurring. So I believe that the relationship is not 100% accurate and most probably useless since it is done after the fluctuation.
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This might be a good news for Ripple fans as Ripple's sales have been drastically going down after the recent dump. Though it had a huge pump this time as the price went as high as $4, the dump made the coin weak as it went back to $1.5 . It has been staying there for quite a while now. This might be considered as a good time to buy some XRP as the dip is good. This news might boost up Ripple's price back to the $4 level.
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Something will pass at some point if the tech doesn't improve drastically and soon. Nobody likes the $10-$20 fees to send a transaction, and it makes the whole thing seem pointless. Once we're seeing normal tx fees again we'll see steady gains. I don't really understand how Bitcoin surged so much with all of these scaling issues, but I love it. I never complain when my Bitcoin is worth more!
Even I think that at some point of time some coin will surely bypass bitcoin because one thing can't be at the top forever. Although I disagree with the fees because the fees is not much now as it has been reduced now to 40 Satoshis per byte which is 10 times less than what it was before a few weeks. Bitcoin surged so much despite the scaling issues because it was in the news and trend and everyone was investing in it regardless of it's huge fees. This is why the price went up so quickly. Since now everything is back to normal we might see a stable growth in a few weeks.
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I personally don't have a Ledger Nano but would really like to have one. People say so because the ledger nano is considered as the safest among any of the options available. Exchanges on the other hand are not considered safe because it is their owners who are handling our accounts and it is them who are owning the private keys of our wallets. Anyone who owns the private key owns the coins. So it is them who are holding our coins whereas we own the private keys ourselves in the ledger nano.
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Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.
The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!
How are your governments reacting to Bitcoin and what's its position in your country?
I can feel you bro as I am from India myself and it is really a pain in the ass knowing that the government is still not accepting bitcoin as a legalized cryptocurrency. Besides that they are conducting raids on the IT companies related to cryptocurrencies and the major banks seizing their accounts is another issue. With so much of negativity in the air, it really feels difficult to trade crypto in this country. But I do believe there is a real good scope for crypto in the future which is why I wont give up on it.
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Investing in bitcoin or not is completely your choice as we cant really say what's gonna happen next but if you would want to choose from ETH and Nextycoin then I would definitely recommend you to choose ETH as it is already grown so much and is in the market from such a long time. Dont trust any new comer as it is just a pure risk in investing in a new coin. It is basically trying out your luck. ETH is the obvious choice as it is already at the rank 2.
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If you are even planning to invest all of your money then I would recommend you not to since a wise trader always keeps some money to buy in the dips. You never know what the market could bring you next. So it is always better to have an amount ready so that you could use it in the future. Invest in potential coins like ETH, NEO, LTC and BTC. You can find the potential coins from coinmarketcap and make yoir own research before investing in any coin.
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There are many coins and ICOs that run on their own blockchain. I won't be naming all of them but one since I find this as the most potential one among the ones I know of. The name is Soferox. Soferox runs on their own blockchain and will be getting launched soon. The site is going to have its own exchange with multiple cryptocurrencies supported. It also has the ability to transfer funds freely on it's own exchange. The coin will be of very low price at the beginning and am pretty much sure that it will go to tens of dollars after the platform is ready.
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Arbitrage trading is quite popular way of making money in a short while. It is easy to get money but at the same time it can be risky if not done properly. The best time to do arbitrage trading would be when there is a surge in bitcoin's price. When there are too many fluctuations in the market it is the best to use this opportunity to make some good money. You must be careful though while doing arbitrage since it is risky and we can lose money if we dont pay attention towards it.
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