Since it's really hard to identify the bottom, you might want to wait until it starts to head up a little bit on a steady trajectory, before you buy. Yes, you missed the bottom, but you don't miss false bottoms, at least on the local scale.

For now, since it is impossible to buy at the very bottom anyway, I agree that buying BCH right now is not a bad decision. I would estimate that BTC will still fall below $6,000, but since BCH right now is already artificially low it could very well be that it won't go that much further down.

Yes, it's a fine time. With a halving due in less than a year, I'd say the price stands a good chance of increasing in the medium term and BTC is highly expected to break through $ 9,000 at any given moment and $ 10,000 during the winter. the current rate is $ 8,000 - 8,300. Which means that within the next 3-4 months, you could easily gain 20-25%.

But nothing is a given and nothing is guaranteed. It can go the other way, although current volumes and price trend points strongly towards a bullish market ,meaning that BTC value is in a period of rising. And remember, when asking about price, time and strategy, you'll find plenty of opinions and very little in terms of technical arguments and nothing in terms of guarantees.

Don't daytrade cryptocurrencies and don't listen to advisers who manipulate you into day-trading as well, they tend to act as oracles and then use that asynchronous info to manipulate the markets. There are whales and traders with asynchronous advantages over you so you are at a disadvantage and will likely lose money day trading.

Day traders find that they become obsessed with checking the price and end up spending most of their productive time looking at charts instead of working for a salary. Also you will be exposed to a lot of capital gains taxes and complexity vs just buying and holding for long term investment. Every single time you make a trade between each asset is a taxable event and tracked and reported on an exchange. Day trading also forces you to store your BTC on exchanges which is very dangerous.

In my opinion, yes. whales need a really big market share to make a "pump" and "dump" work. They have to ninja buy a shitload of coins without pumping the price so you want to look for low market cap, low volume and little price action during a relatively long time (weeks to months) when they stack coins getting ready for the pump.

Look also for buy and sell walls appearing and disappearing, they use this type of signals to tell other whales they are ready for the pump. Previously they shill the shit out of the coin they are going to pump" and "dump" and make people believe the price is going up because some good news just came out. They love deception.

Depends on why your buying bitcoin and your plans. For me Yes i see it as a good time with best price and if it drops through certain levels i will buy more, just the same if it rises and breaks through levels i will buy more.

Remember that investing is about taking risk and learning from failure. would I say now is a good time to invest? yes. Do I think the market will go even lower? yes I do. But, tomorrow is never promised. My strategy is investing on a bi-weekly schedule, regardless of the current market situation. If I were you I’d invest 25-50 percent of what you’re wanting to spend now and keep the other 50% liquid to invest in small amounts as we go down or up. Just my personal opinion, happy investing

The blockchain is about trust. you can't trust people, but you can trust technology. Bitcoin was not the first digital currency. it was the first one that wasn't shut down before it went bankrupt, because of its decentralized nature, and decentralization is possible thanks to the innovation known as proof-of-work. Bitcoin is protected by somewhere in the range of ~$3B worth of mining hardware (using replacement cost via the latest ASIC design).

It can definitely happen that there will be a better implementation someday, but Bitcoin has a first move advantage and lot of bright mind working on it, so if there is a competitor to Bitcoin is quite likely they'd adopt the good parts to Bitcoin protocol. Stable coin (relative to USD) is not very compelling to me. You don't want a central bank to print money freely, and I don't see how stable coin would be censorship resistant. In my opinion, there is no other option now.

Many of us are still living into the old paradigm and are trying to understand bitcoin into the lights of it. Bitcoin has risk (just like Fiat currencies), but it has a huge upside potential for long term and this potential will release sooner or later. Unlike fiat cash, no banker, no politician, nobody can create any amount of Bitcoin from "thin air". Everybody must follow the same rules. The supply of Bitcoin over time has been programmed/set in place since the beginning. Thus, nobody can inflate or hyper inflate Bitcoin's value. No banker nor government can seize or freeze my Bitcoin account.

Unlike gold, Bitcoin weighs nothing and takes up no space. It cannot be detected by metal detectors or dogs or visually. Gold is expensive to store securely. Gold is very expensive and slow to transport securely. Bitcoin costs nothing or very little to store securely (opposite to what you said) , and little to transport securely and quickly. There is a lot of "paper gold" depressing its price. There is tungsten-filled gold. Hence those risks against these benefits are negligible.

As a general rule, always buy ones that have a real world use and solves a real world problem, have a working product, without a premine, wouldn't be better off as a database and you've personally researched exhaustively. but don't forget there are always exceptions.

For you i would suggest to begin with any top 10 coins, see how the market goes and if you can handle the volatility then only think of others. I would suggest buying some of both side. but about ripple i would to say, people (like you, maybe) hate ripple because it goes against the original reason that bitcoin and all of crypto came around, and aims to help the banks. Some say that they will never use the XRP token, some believe they will. Right now its at a good price relative to its ATH, so if you want to buy it, now is a good time.

Those who economically don't understand that Bitcoin is likely to grow and gradually take over economic activity, tend not to think of things as a whole system. They don't follow concepts to their logical conclusion by saying "If everyone did this, then...", because they think of these things as useless and too unrelated to their life. It will never affect their ability to go home, play some random clicker game or watch a sporting event or Netflix. they will switch to Bitcoin when their bills start to charge bitcoin, and reject dollars; until then, they think it's a joke or an Internet play money.

They are also not programmers so they see no benefit to a currency that can be automatically verified by a software program. They don't understand how the Internet developed and why, or personal computers, so they can't imagine that in a very short time, exponential growth of technology could mean robots and software agents using Bitcoin could be the only way anything is done. OR they don't care.

People don't get it, because they have high time preference. They have responsibilities, they are barely able to pay bills, believe they need to spend a lot of time at their job. the idea of stopping and taking a break to spend a little time to learn about Bitcoin is antithesis to their entire mode of life. They feel they will get overwhelmed because Bitcoin is a very deep subject and they would never have time to learn it completely and keep their current life.

Also because of the horror stories about stolen coins and frauds, and spreading horror stories keeps demand low. Nobody wants to get involved in an Mt Gox 2.0. Furthermore Most don't understand how something that is completely digital, open source, and decentralized has value. It's funny because 99 percent of Facebook users don't understand that the billions in revenue the company makes is based on the users willingness to share private digital information. They just feel more comfortable with Facebook's "value" because they have an HQ, CEO, and thousands of employees.

Staking is another word for minting, and minting is also part of mining, when a new block is hashed for the first time in the Bitcoin network it triggers a minting of new coins. Minting only refers to new coins coming into existence. the way coins are minted in this protocol does not require mining, rather staking.

The basic difference is that one requires Proof of Work, which is mining. and the other Proof of Stake which is the staking. both are different means to the same end, securing the block-chain and distributing newly minted tokens in a decentralized way.

I would not necessarily agree that your reason makes Bitcoin better than fiat money, I think this makes Bitcoin different or unique. Whether this is better than fiat is more of an ideological or economic theory type of question, but being unique may be sufficient to ensure Bitcoin can have significant value.

For Bitcoin to be more unique or interesting, it must be resilient against not just a small privileged group taking control, but even a majority being able to change the rules and create new inflation. Luckily I think this is the case, even if Bitcoin grows and a large wave of users enter the system and there is a successful coordinated propaganda campaign which convinces the majority of users and miners to create new inflation, the system may still be resilient enough to prevent this rule change.

You maybe think about hardfork right now, but a hardfork requires more than just majority consent, it requires no significant opposition to succeed. This is because any significant opposition is able to cause disruption and uncertainty around the period of a hardfork, which will be unwelcome and troubling to businesses and users in the ecosystem, who value uptime and reliability. Businesses and users are therefore incentivized to oppose contentious hardforks.

Everyone here has made that 'mistake'. I bought at $1000+ during the hype a few years ago and then it dropped to $400. It's bitcoin. If you bought for investment then just be proud you did and don't look back. I think the best advice from all of this is to try and not watch the markets because then you just drive yourself mad, only really applicable to day traders.

If you believe in Bitcoin as a viable alternative to fiat money, then any price is a good price to buy at. If you come to the conclusion that bitcoin is a good investment then invest only as much as you would be okay with losing if bitcoin exploded and stopped working tomorrow. put as much as you are comfortable with and then just leave it there. Don't try to buy low and sell high. That is just gambling. Just hold on to it. put it on a hardware wallet and forget about it for three years.

Are you for the long or short term? If you are for quick profit, wait for an eventual new bottom. But there is a probability bitcoin will never bottom again this year.

If you are here for the long term at least 3 years or more, honestly it’s a great time to buy. Bitcoin has already retraced 60 percent from last ATH and won’t go a lot deeper. If we go for another bottom the price won’t stay very long at such level. So being few percent in the red for a month or two is, in my humble opinion, an interesting risk to take if you are for the long run. In both case with or without bottom, you will be happy to have started investing now, in 2021 or later. At least now you are sure the price is nice. If you wait to much, you take the risk to buy bitcoin at 10.000$. For the long term it change a lot for you final balance, this is where the real risk is, for me.

Many people will tell you the price is going lower but they don't sell their own coins because they are not sure. so its a gamble waiting for better prices. maybe you can split your total sum to some increments and buy every week or month and cost average yourself in.

I would say it isn't a 'bad' time to buy, positives are that a Bitcoin ETF may be on the horizon which would have positive effects. Also at May 2020 there's the next halving which effectively cuts in half BTC inflation From about 2.6 percent to 1.3 percent. Given the action after the last halving, we could see prices rise towards the end of next year due to that.

All you need to do is think about this. There have been over 5000 altcoins come since bitcoin debut in 2008. All claiming to be the next big thing. There have been coins like Ethereum claiming to be a better bitcoin with their fancy smart contracts. during all that time not one of them have challenged bitcoins market capitalization spot. Most of those coins aren't even around anymore.

Furthermore, every other shitcoin has a central lead team or foundation or whatever than can influence the development on its own. In bitcoin every change requires broad acceptance and then we have the BIP process, that anyone can participate in. So you tell me why anyone would waste their money investing in shitcoins?

Before starting, I want to take care of a point you certainly hear every day: no, it’s not too late to invest in crypto. Yes, it would have been great if you bought some Bitcoin back in 2011, but that’s likely not the case. However, this doesn’t mean you shouldn’t buy some now. I’m not here to give you financial advice, but the cryptocurrency market is getting bigger and bigger every day. New cryptocurrencies are coming out each day, offering constant improvements on the current blockchain technology. The current total market cap is some 200+ billion dollars and I believe this will grow exponentially.

Actually, I believe 2020-2021 will be one of the best years for cryptocurrency investors, maybe XRP has just defeated ETH, and relatively new projects such as TRON are skyrocketing. thereby I believe this is the second best moment to invest in crypto. Still, you should only invest as much as you are willing to lose. Gains in the crypto world are often huge, but you definitely don’t want to lose more than you can afford to.

Bitcoin solves many problems that international travelers currently deal with. I travel overseas several times a year, and I am constantly dealing with many problems. The biggest of which is the fraud issue. No money has ever been taken from my accounts, but the proactive fraud measures taken by the bank cause me headaches all the time.

A few years ago i was overseas and my bank froze my debit card 3 times in a week for 'suspicious' activity despite my telling them before I left where I was going to be. It caused untold nightmares. already bitcoin is making my life that much easier. an ATM ate my debit card and I was left with just a little cash, but a lot of bitcoin. I was able to pay for my hotels, return ticket and sell a little bit on localbitcoin. Saved my ass having a bunch of money right on my computer. If only btc atms take off this will be the go-to medium for frequent travelers.

The term "investing in cryptocurrency" is nonsense, It's correct name is "gambling" and I would say that now is a decent time to gamble! it's gamble because of high volatility that means the worth of your investments can greatly fluctuate over a very short period of time and your investment going to zero very fast. what that really means is that your "investment" should be money you are ready to loose completely without affecting your basic needs.

There is a lot to learn in the Crypto space. there is a lot of amazing projects out there. It's very hard to choose. I hold mostly BTC, but also some Monero, ETH, Nano, BAT, EOS. But yours might become different, i wish you good luck. we are all on the same side even if it doesn't look like that. we all want Crypto to grow together, even if we hate one and other from time to time.

Personally I don't have any problems buying coffee. no one is preventing me from buying coffee but I think you're hitting the nail on the head. Bitcoin is not viable for everyday use. It's best shot at everyday use will be if the Lightning Network is implemented or atomic swaps allow the everyday use to be settled on a lower fee blockchain.

The issue is that the fees have not grown in terms of the percentage of bitcoin, unless people manually set them higher, but they have grown in terms of USD. A 0.0001 BTC fee was "nearly free" for almost the whole BTC life cycle, but just recently become too high to send for low transactions. for use cases, I do personally use it for larger transactions that don't need to be instantly confirmed, and I also like the idea of salaries and other larger type payments using BTC, that are cheaper and easier than using banks and payment processors. In my opinion, bitcoin is a store of value. It can be used for large enough transactions that would make fees negligible