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Apparently, I would not be surprise if it rose to $0.9 or even higher as the price is above $0.6 right now. But the problem is how high it can get before another crash. We have seen its better days and did overtake Ethereum for a brief moment so I wouldn't really be surprise if the bulls are going to pump it hard as well in the coming days.
But is it sustainable? or another pump-and-dump (which we already witnessed)? Well if we really don't want to miss the boat is better to jump in early but I would prepare to be a long term this time, and not to stress myself of daily trader.
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Care to share the links though If I may ask?
Not trying to spoil anything, but Bitcoin is a whole new and fresh alternative, it's something totally new, most currencies of the world are from developing countries that don't see many growth opportunities. So for a currency like Bitcoin that's not very surprising to be honest.
I agree, just like what the rest of the guys are saying, its not comparable as bitcoin is like a alternative to those fiats, its like comparing oranges and apples so to speak. USD and EURO will still be the number currency in my opinion, simply because its the most recognizable and the most widely currency being traded around the world, while Bitcoin will remain and keep the top stop in crypto sphere. But it's really awesome to see Bitcoin competing against the top currency, but I wouldn't put to much weight on it. But this is a good graph to counter those FUD that bitcoin is useless and has no value. |
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Bitcoin (BTC) is stuck below $ 7,000 in the past few days, but is it that bitcoins are quietly preparing for a big jump?Actually, bitcoins are restricted to narrower trading ranges for nearly a week, both bears and cows are not able to dominate bitcoins. Investors are also very depressed, because when the bitcoin price is also around 6,800 dollars, slightly higher than 6,900 dollars in the past few days, no new breakthrough. It can be said that the current market is very tedious. The chart above shows the narrow price range (triangle) during the past week. The highest level is 7,510 USD and the lowest level is 6,425 USD. We can see the difference is at least $ 1,000, and the difference depends on the strength of the bulls that push the price up, a breakout that could make a difference. The support threshold is found at $ 6,570, while resistance is at $ 7,080. The decline could be a potential sell off to $ 5,500, on the lower path, the BTC could find support around a low of $ 6,000, as the relative strength index (RSI) It may be a condition of sale. Also note that, the trend is still bearish in the BTC, within the narrow trading range. The drop of bitcoin will lead to a sell off from a high of $ 7,189 on April 9th and open the slide to $ 6,150. However, just break below $ 6,570 (the support threshold of the triangle). This is bad because when bitcoin breaks below this support level, a slump may occur, dragging the bitcoin price down below the bottom. On bullfighting, bulls only need a strong breakout, breaking above the resistance at $ 7,179, to regain momentum. The decline may be considered as a warning that the bitcoin is set to move below the triangle support at $ 6,570, if bitcoin accepts at this level, a slide could pull bitcoin down. USD 6,000 On the other hand, if the bitcoin sustained above $ 7,199, it would help the pedal to break the bitcoin at $ 7,510 and open the way to $ 8,100. As of now we are currently seen that the market is in green and I'm sure everyone are happy for that matter. But one thing that I'm thinking and it's how long does the market goes like that because there's a fact that it's only moving just a little and it make the sense that it can't be really the beginning of it's full recovery and maybe it's fluctuation is in the normal range. It is so difficult to know what exactly will be happen so for now I'm just sitting in the side and still keep my eyes in the market and evaluate again what will be the possible next to happen. I'm 100% agree with you here. Yes, we are very happy how things were for the better today, but I will still be cautious. Do you have any speculation as to why the sudden pump? I'm still at lost up to know that's why I said 'pump'. Maybe someone from behind is during this that's why I still not totally sold on the price immediately jumping to $1K in a day. So that also begs me question if this is natural of just artificial pump, Or can be sustain this growth and can call it a recovery phase? Let's see how it goes, would be very happy to see it this is sustainable growth because we have seen too much bears already, its time that the bull take charge of the market again. |
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Thanks for sharing my man! I think that greedy person who wants an instant profit, will most likely became a gambler, not a real wise and patient trader, but afterr all it is better to be a second one.
Its human nature mate, all of us are greedy at some point. But the problem is that most of us cannot control it. As for trading and gambling, A successful traders knows the risk, can control his greed and emotions specially if you are a daily trader and you have the ability to 'control' things. As opposed to being a gambling, its based on pure luck and if you are unlucky that day, you will still go on thinking that you can recover what you have lose. Unlike in trading you have stop-loss order and at least lessen your potential to lose bigtime. |
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Everyone is hopeful that the market is now all green and the coins are increasing in price. However, as I look at the prices of the coins in the top 100 in coinmarket, I realized the fall of bitcoin cash compared to its boom last year. Now, it is in the price where there's only so little gap between it and ETH. Now, which do you think will reach the $1000 first? Any opinion?
Good question. The first thing you need to look at who is the team behind and are they very active or not? So for me, ETH team is very good and they are really busy keeping the project going with new enhancements. However, BCH seems to have same following as well and they really love to pump-and-dump this coin. So I'm looking at BCH to be the first to reach $1K for the simply reason that it can be easily manipulated. Just by throwing a lot of cash on the ecosystem, others might follow those whales resulting in a big jump in prices, In my opinion. |
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I don't think it a good idea to share your personal data just to receive an airdrop. Most of airdrops are scam, so I wouldn't even them any information. Of course there're some exclusions where you pass KYC for participation in ICOs and they can hold an airdrop instead of a public sale. So in this case it can be reasonable to pass KYC to get some tokens.
Exactly, why would you share your personal information for a just a penny? That's why I don't joined airdrops lately, because of this reasons. I really don't understand what they are going to do with your data though? Yeah, for ICO I think its reasonable specially for bounties that pay higher or good amount of tokens and the project looks pretty solid and legit. But for airdrops? I'm don't understand why they would require such a thing. |
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Today we see some good improvements from the bitcoin's value,it risen up to $8k levels from $6k in just a matter of hours,that is clearly saying that the bearisht trend has finally over,making the market to enter the bullish season which is why we need to stick with bitcoin's market as far as i can see it is going to be a long bullish movements few days from now all of these coins are going to be massive.
Yes, we have good improvements today as bitcoin is making a rally and testing the $8K waters again. do you guys have any idea what triggers this mini bull run though? I wasn't expecting it to happened so quick but I guess we are all good. I hope that this is the start of the bullish trend that most of us has been wanting to see after that December madness. I'm sure that the bitcoin fever is slowly gaining ground as more investors are getting into the groove and renewing their interest. Let's see how far this rally will go. Maybe $10K is possible at the end of this month or even more. Let's see. |
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Yeah, as a newbie, its seems that you really understand how this market works. Its not only money is involved here, emotions, and your time. That's why we will hear us saying that the earlier you can get in, the more profit you can get in the future. Specially if you have bought a lot of coins during the crash. Just by holding it for a few months, your investment can turn into many folds. As far as Ethereum though, I doubt that we can get to $2K in two months. If you will look at his history, the $1K-$1300 was reach around 2 months if I'm not mistaken, around December - January. So based on that, its better to see it somewhere at the end of the month. I'm thinking that $2K will be likely hit early 2019 though. |
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I don’t know if I really see it as that… cause mostly what I see it as a ‘grab–the–opportunity–when–you–can kinda’ thing. Whenever I’m investing I do have my own targeting and when it happens to hit that target, I withdraw and leave the rest if actually it shows signs of going forward up from there.
With the current situation? Yes, I agree with the statement that I bolded. Just look at one example, bitcoin drops to $6500, let's say you get 1 BTC and then when bitcoin goes to $7500, it matter of days, you can easily dump it and take the profits ($1K). That's one example those daily traders do that's why we are having the break out that we all been waiting for. That’s the time I become even more cautious of the price and will be checking it out when it will start dropping, when it does start dropping, I will immediately withdraw my money. When it goes to a very low price, I also invest back.
Yes, you can also do that method, which I prefer, just sell some when the price starts going down and then you can re-invest back when i continues to go down in several days. |
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Last night I had a discussion with a friend if it's possible to quit your job and make a fulltime living of promoting bounty campaigns.
My friend thought you need to promote a lot of bounties at the same time (100 per week), to compensate for the
uncertain number of bounties that will never to lead to any income (coin cannot get listed, withdrawal fees of exchange is too high, scam, etc.).
So the question is: do you agree with this statement?
How can you earn and support your family with your bounties or signature campaigns? That's why I'm totally against people quitting their regular jobs and pursue bounties to generate income. Just remember that this market is so volatile that can be a snap, your investment will suddenly turns into nothing. Then how can you bring food in the table then? And by your friends arguments, promote a lot of bounties? How? By having multiple accounts here? We all know how the community frowns about members here having multiple accounts joining same bounties just to earn a lot of money. Sooner or later she/he will be caught, and if she/he will then what will happened to his family? So to answer you: NO, I don't agree with that statement. |
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You will never know the reward until you take the risk in every decisions we make there are risks involve but it all depends on how to handle the risks. Taking risk has a cost but being regret is more costlier to make another start from where it all begin. Dreaming big is risky but dreaming and doing nothing is more riskier. So which side are you taking the risk of being a winner or a risk-free loser ?
Correct, most of the time we really need to get out of our comfort zone and take the risk. That's what most of the successful people in our history does, what are the odds, slim? none? forget about it, "I will take the risk", that's their philosophy and just look at how they became. When I was young, I don't want to take risk, I will be just like "I'm ok with this and that", but when I grow up and matured, I understand that risk is part of our evolution, no need to have qualms about it. If you feel like going with it then go, at least you try and doesn't have the "what's if". So everyone can really try this on crypto, take the risk and see how it is rewarding at the end. |
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With the face pace of the space and the rate things change, it is possile the ethereum you make mentioned won't be there come 2020, the major usecase of Ethereum is for fund raising and if the scaling issue is not resolved I thing some of these competing platform will start to share its network effect
I think you are right that Ethereum is being used as form of investment in a ICO, but it doesn't mean that it's the major use case. Ethereum has smart contracts, that's why most ICO takes advantage of this technology. But this can also be used by banks and other industries as well. Yeah, I have to agree with you though with the scaling issues behind it, what with Vitalik and the rest of the Ethereum developers being active behind the scene, I'm sure that it will not fall behind just like what we witness in Bitcoin. |
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Bitcoin has had a very difficult year so far characterized by dips in valuation, The fore mentioned value is attainable considering the potential BTC has but it will take sometime to get there.
Correct, although we have been struggling in the last 3 to 4 months because of government hard stance against crypto and too many FUD popping everyday like mushrooms, it would still make sense that bitcoin can recover and bounce back. But as far as $35K, I don't know if that is possible this year, it's like 5x or 6x of the current price so that is huge amount of money to get into the ecosystem. We need fresh blood to pump the market, but it seems that most of them are just mum and decided to wait it out before investing. But let's see. |
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Have you realized the sharp increase in some coins like matchpool, ubiq and patientory. As far as I know there is no news related to these coins. Institutional investors or pump dump?
Of course, its purely pump-and-dump scheme. I don't have investments in your coin but if you are saying that there are no news but suddenly the price goes to the roof then there's no other explanation but it was being pump by a certain group. So for those who wanted to get it, just be careful because as much as you are thinking that you are going to earn and make lots of profits, think again. Because if my speculation is correct, it will be dump so hard that if you are sleeping that time because of time zone difference and waking up finding what happens and the only way to get out is to sell and cut losses. Not a good strategy as far as I know. So stay out. I don't have investments in these coins as well but it was interesting for me, it is probably pump and dump, staying out is the most profitable strategy. Glad to here that you don't have investments on those. But just like you said its pure pump-and-dump scheme. As per coinmarketcap $2.24 USD (64.84%). They are probably looking to pump it around 70%-75% before we see it crashing. Although they can go as high as 100% or even more if there are really investors who are going to be enticed and pour lots of cash. Let's see how it goes and wait around 3-5 days when a newbie opens a thread bitching around about how much he lost. lol. |
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Have you realized the sharp increase in some coins like matchpool, ubiq and patientory. As far as I know there is no news related to these coins. Institutional investors or pump dump?
Of course, its purely pump-and-dump scheme. I don't have investments in your coin but if you are saying that there are no news but suddenly the price goes to the roof then there's no other explanation but it was being pump by a certain group. So for those who wanted to get it, just be careful because as much as you are thinking that you are going to earn and make lots of profits, think again. Because if my speculation is correct, it will be dump so hard that if you are sleeping that time because of time zone difference and waking up finding what happens and the only way to get out is to sell and cut losses. Not a good strategy as far as I know. So stay out. |
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Ethereum foundation is the most serious one so I’m not scared of ETH low price and I’m buying it to hold for at least 1-2 years.
That's really the main difference between bitcoin and ethereum. They have someone solid behind specially Vitalik. Unlike bitcoin wherein the core keeps bickering amongst them.
That's why I never doubted Ethereum and keeps on buying specially during dips. Last December-January, it reaches its all-time-high and I'm sure that it has made us a lot of money. This year though is different, we are all struggling not just Ethereum and it seems the price goes to what we are last June. But I'm not losing faith here, we will see it grows when all cryptocurrency bounce back in the next months or so. |
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Wow, I don't know if that will happen this year. I think the fall in the price of tokens + eth is so much bigger than the fall in bitcoin right now. So many fledgling companies that are going through a rough patch as a result of the bubble and so many ICOs that aren't getting any investors due to fear of regulations. I think that there is a possibility that eth will hit $2k, however I don't think it will happen until well known publicly traded managed funds start investing in ICOs on behalf of small investors. But by then the landscape of the entire crypto world will be different.
Exactly, as the price of ETH goes back to its June peak. So the way I look at things, if there are good news that will come along coming from Vitalik or the main dev behind, ETH will increase its price again but I don't know if it can hit $2K this year. The top floor price I predict will be the boundaries of $1200-$1400. But if they can sustained that price in 2019, sooner or later it will goes to $2K. We all know that everything is based on speculation, so if there's scaling issue have been resolved or they releases improvement in the next couple of months, I'm sure that investors will renewed their interest on ETH and maybe we will see another bullrun. |
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This development shows us that in the coming days much more active market movements may be waiting for us. Where are these soros drying their hands? We do not have the same situation for crypto money.
But don't celebrate yet. The market is down again so I don't know if they really putting investment or they are just trying to hype the market again because they are really a bagholders of bitcoin anyways. How can a traditional investors who hated crypto and saying negative things in the past suddenly changes their mind? The only reasons is that they wanted to join earlier, but because the price is tops at around $20K, they spread negative things about it, and when it crashes more than 60%, they suddenly blurted it out that they are going to invest, or they are whales, wanting to push the price again. So let's wait and see as to what's going to happen to the price. |
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Hi,
I see still a lot of people investing in worthless projects. My opinion..
Maybe you will have some profits in short term..
But every project need a good team, marketing, developers..
Not just a good idea..
In the long term many projects will fail..
Good luck with trading! 😁
You are right. That's why Facebook Google and Twitter bans crypto ads because people are just pouring their cash into something that they doesn't think about, all they know is that crypto ICO will make them rich, unfortunately, 90% of them are scams so in the end, they are going to lose because they didn't make enough research on a certain project. We have been telling this all along, do your homework, research everything about the project. The team behind, the whitepaper, roadmaps etc. Because its your hard earn money, you need to be careful so that it will not be burned that easy. |
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India is the very low contributor for crypto currency in terms of investment . You can check there is no major revolution happened in India using blockchain technology not even a single reputed crypto exchange. Even investment for crypto currencies is very less. More over apart from ponzy scheme not even a single valid blockchain preoject happened in India. Even market doesn’t effect till now because of Indian fud
This is not true because a lot of people have invested in Bitcoin, so there might be some influence. But that's not the worst part, spreading rumors is what is affecting the crypto world. Take India itself for example, people misunderstood the statement of rights totally and thought that bitcoin has totally been banned whereas the real scenario was that rbi had issued a warning that banks can't deal with crypto users or corporations. For me it really created a lot of panic for newbie traders are they see India as big market for crypto. However, when everything has settled down they will understand that this is just pure FUD to sway most of them. Its a totally misunderstood statement and the media just put some spin on the article for clickbait. Now after the dust have been settled, bitcoin jumped from $6500 - $7K as of the moment. So if there is a effect, it will be only temporary just like other FUD in the past. |
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