All users would hope so, if the price of 2020 reached $ 250,000 of course many banks will disappear because it is not useful anymore, but I'm sure that the price of $ 250k difficult to achieve especially if we look at the price graph in this year that looks difficult to passed the high record in last year.
If the price really went up to those levels then that will mean that we are in one of the biggest bubbles in history and that we need to get out of it immediately and buy something tangible with our profits, like gold or real estate, after the price crashes you could buy bitcoin again for a cheaper price and start all over again the overvalued to undervalued to overvalued again cycle. |
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Hey BCTalkers!
I am pretty sure everyone is in the hope that bitcoin and other crypto currencies should start spiking now. But do you think it will happen this month or the later one?
I think yes it will happen because bitcoin is behaving that way only. The prices and market cap is growing day by day with at most steps and thus creating good stability. I mean its not too rush as well its not too slowness in the same.
Systematic growth is what going on and thats why I do think that it will be filled with goodness in the price soon.
Any thoughts about this one.
No, why everyone is thinking about the price recovering that quickly? This is the perfect opportunity to buy more bitcoin if you are a long term holder and if you are a day trader the fact the market is more stable and it is not skyrocketing or crashing gives to you a better framework to work with, so instead of wishing it can be a better idea to take advantage of the conditions of the market. |
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Bitcoin and others crypto always target by harcker because the price in the future will be expensive. Beside that different if they hacking on banks, hacking on bitcoin or crypto is hard to trace it
Believe me, hackers are not hacking exchanges to hold their coins for the long term they are doing it because they know that no matter what happens once they get those coins it is impossible for everyone to get those coins back without the private key, so even if they are caught they will still have access to the money once they are free and out of jail. |
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I think it will not reach to $1million anymore because of what is happening right now. I dont think if bitcoin will rise rapidly whaT happened last year. And because there is lot of negative news about btc that affects its value.
You are being too negative, it is right that right now these are very difficult times for bitcoin but this does not mean this is going to last forever, this is just a bad moment in the market, it is just a moment, but in the future the market will recover and a lot more than that and if you are not there to take advantage of the market someone else will. |
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It's hard to answer a specific term when to invest because cryptocurrency market is volatile. But there are some things that you could do to plan your investments well.
Any particular tips on when to invest token when the prices are low?
-I think in my opinion, the best way for you to get the best price and the lowest is to invest when it is only starting because as the time passes by, more people are going to invest in it specially when the project is successful.
And how can one manage to hold the tokens even the prices are bleeding?
-Depends on your strategy. If you think that the project are into are going up again, then hold. If you are a trader, selling to cut losses is a great way, but I don't recommend it if you are new to this.
Is there a specific time where one can pinpoint the best way to accumulate tokens?
-Yes there is. ICOs are a great way to buy cheap tokens. Also, if the market is in a poor condition, that would be a great time to buy some tokens.
Not bad advice, however if you are a trader things are a little bit different, many people prefer to go long on bitcoin because we have a strong belief in it and I count myself to be on that group as well but there are times where going short is the right choice and to me this is the moment to do that since I think there is a possibility the price goes down even further in the next months. |
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As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.
Well, bitcoin volatility is indeed a controversial issue. Many have said that there is someone manipulating price and some said that btc the greatest poncy scheme of all time. But I think volatility is something that made btc as a good type of investment. It is obvious some manipulation in the price of bitcoin is present but I think this is an exaggerated topic, the price of bitcoin is volatile for many reasons that have nothing to do with manipulation, the most important aspect is the limit in the number of coins, while this helps bitcoin to be more valuable this at the same time makes the supply inelastic and so when there is a huge change in the demand the price is the one that suffers from big movements. |
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They say that day trading is a skill, so practicing should make you good at it right? How long someone from newbie to advanced should spend to be considered good?
It does not matter how much you spend on the market to trade because if you cannot control your emotions like selling your coins due to panicking then you will lose a huge amount of profit, you can always use your experience in order to improve your trading skills. Mastering trading is a lot more difficult than people think, many are able to understand the technical aspect of it and they think they will get huge profits as a result, but mastering your emotions is even harder, as soon as there is some FUD many people that have absolute mastery over the technical aspect of trading panic and sell, so unless you are able to detach yourself from your emotions while you are trading bitcoin it may be a good idea to think if it is a good idea to start trading right now. |
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The cryptocurrency market is still in its infancy, the big money (corporation) has yet to start investing in it, so we will see much more growth in the market in the years to come. At the same time, small investors are being more cautious with ICOs and that is how it should be. But great things are still to come, and we will not regret being part of it.
I definitely agree on this bitcoin is still very young and the trading opportunities that will appear when institutional money finally begins to invest in bitcoin will be enormous so this is the perfect time to go long in bitcoin if you are planning to hold for the long term, or if you feel adventurous and feel you can manage the volatility you could go short and wait for a decrease in the price. |
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Now we can see some countries are regulating bitcoin and some government don't like it.Otherwise Bitcoin hasn't a stable price.
So my question is can bitcoin be a main currency of world economy?
What do you mean about main currency of world economy? I really don't understand about that. Bitcoin can be the world's currency without government support. Bitcoin is easy to use, and getting bitcoin does not need to go through the government, so you can use what you want. If you want to buy an item then using bitcoin you can buy it in a country that accepts payments using bitcoin. Bitcoin being the world's currency has been achieved now, many people or maybe in all countries in this world there will be someone who uses bitcoin. Bitcoin is not centralized so there is no need for the government to use it. No, bitcoin can be the coin of the people without support from the government but if bitcoin wants to become the dominant form of currency then it needs the support from governments, it will need that governments backs it, buys it, legalize it and holds it in reserve like they do with dollars and gold and I have great doubts that is ever going to happen, |
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In my opinion, these whales might have something to do with the price manipulation of bitcoin causing the market to go bear market. SEC should make a move to control this manipulation that affects the btc market in general and they should be held liable for what have they done. In the event where SEC could mininmize such manipulation, definitely btc market will recover soon in the coming months. My thoughts.
And what of you think it is going to happen if we found out the SEC put some whales in jail? Do you think the market of bitcoin is going to recover? Because to me that will crash the market, besides the SEC is acting as if there were not bigger whales in the stock and bond markets doing the same thing and manipulating the prices to their advantage. |
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When it comes to trading the money flows from those that are impatient to those that are patient, those that held for a very long time got their profits in bitcoin, but those that are able to wait until they get the best possible price when they buy will get many profits as well, this not only happens in the market of bitcoin but in all the markets so if you can wait you have a huge advantage over almost all traders.
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This is just my observation, but I think the bear trend started when some exchanges got hacked, specially the Mar-Jun season
The price has suffered from the beginning of the year and it is clear why this was the case, there was simply too much money in the market and as soon as the price went down because some people were taking their profits people began to panic sell, this created a cycle that fed itself and after a while it was impossible to stop the crash, to me it is not really complicated to understand. |
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Its ok to lose, but if you lose most of your money then something is wrong.... Try to study further about your coin and your strategies so you will not be lose much again.
When trading bitcoin losing is something we will face, it is impossible to be a trader which never losses, we are humans and we make mistakes, however if you really learn from those mistakes eventually the number of trades you lose will diminish and the number of trades you win will go up, so as you can see losing a few trades once in a while can be a great learning tool if you know how to take advantage of it. you are right, even expert traders though must have experienced a loss, the risk must have happened to anyone, so do not despair when you lose, good traders know how to overcome it, of course remain calm and not panic, learn from mistakes, use it for your experience dude One of the things many people do not quite understand is that experts never finish their training and learning, they are always looking for more efficient ways to do their activities, so an expert trader will try to learn as much as possible from his losses to the point it becomes an obsession for him and I cannot blame them if I knew how to earn a fortune with trading I will be obsessed with bitcoin trading as well. |
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The answer is simple, I won't sell them because this is what the whales want. Before it went down, then up, now we are again in a bearish phase, in the future there will be a new bull run, so hold on and let's wait!
This is an interesting point, if we think this logically whales are not selling right now, why would they? They could have sold when the price was very high and most likely did, but selling now will be a mistake they are instead accumulating bitcoins but they're doing it in a way that does not pushes the price up and when they are finally ready they will try to make the price explode again, so when seen in that light selling now is a mistake since you will be gifting your bitcoins to them. |
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Another red day on coin market cap. Are we seeing the worst of the market dip or is the dip going further down?
We are close, right now the total market capitalization for cryptocurrencies is 257 billion dollars but I do not know if that happened during the day, but look it is impossible to predict what will happen in the short term in the market, you only have 3 options you hold, you sell your coins and take cover in fiat or you try to take advantage of the volatility by trading, the third option is risky but it is the only one which can give you profits. |
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I think HODL is the most effective strategy. BTC will never have cost zero anymore. Just need a time.  Most likely bitcoin will not have a value of zero but we cannot assure that with 100% certainty, there are many things that could happen like quantum computers being developed in secret way before we thought possible, or the destruction of the internet and the electric grid by a natural or a man made disaster this is why even if holding is a good strategy there is nothing wrong to trade once in a while and right now seems like the perfect conditions to trade. |
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We have the same sentiment and experienced on how we've been through good and bad days with crypto and our stay was worth it which gave us some profit.
Those friend of ours never thought that it's going to be a rough journey by investing to crypto's. They are only thinking that it's just a click away and they'll become millionaires to it.
I'd stop already sharing it to them and I'd told them if they want to pursue, they can learn on their own so when the market shakes, they won't blame me.
People are very delusional, I have gotten profits with my bitcoin holdings and some of my investments but this has taken a great deal of my time but since the results are so good I'm willing to do it, the truth is that most people do not have the necessary drive to become successful in anything, after all if they were so motivated to become investors or traders of bitcoin they would know how to do it already, so concentrate on yourself and how to obtain profits out of bitcoin, the best option in the past months was simply to be a holder but now it seems to me the best option is to be a day trader. It is what I'm doing right now, I'm focusing to myself, with my trades and holdings. By thinking on how they are so demanding and all they think is about the profit and once the market was not good, all they do is blame it to you. Not knowing that you don't have something with the market and you don't hold it. I know what you are talking about which is exactly why I have chosen to stop spreading the word about bitcoin, you get a lot of rejections and people making fun of you saying it is a scam and the few you are able to convince will blame you if they lose money which most of the time is because they invested in a coin with no future or because they were following pump and dump groups instead of taking the time to learn how the market of bitcoin and the rest of cryptocurrencies really works. |
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IMPORTANT INFO FOR NEW TRADERS
All the traders who want to learn and earn from crypto trading i think they should follow some trading methods to make it true. All the beginners please try to learn first . without having enough knowledge about crypto trade you cannot make profits easily.As a trader i suggest to start your trading with reliable coins which already make a reputation on market and has a great value worldwide. Don't jump for new coins before getting enough knowledge about that.
I totally do agree with you on this as it the very simple truth concerning trading g in cryptocurrencies. The very first thing one needs to do is to gather enough information about how the market works and the stability or volatility of the coin one is interested in trading. You'll also need to possess the necessary skills so as not to run at a loss. And there is one thing that is very important to know in trading, you should only trade with the money you can only afford to lose. Many people in their rush to earn as much money as possible do not stop to think how exactly they are going to do that, before I decided to invest in bitcoin I watched the market closely for six months I noticed the volatility and how wild the market seems to be and I still decided to invest mostly because of the technology but that is not what people usually do, they invest first and then they notice the volatility later when they are losing money already. |
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Yeah kind of ironic that fees are low now and the price has gone down.
It is not ironic that the transactions fees of bitcoin are down right now when the price is this low, when there are a lot of transactions this makes people to bid higher to get a spot in the next block and this happens because there are many people competing for the same space in the block and this happens due to an increased demand of bitcoin, and what happens when there is an increase in a demand of a product? Its price goes up. |
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Recently we saw bithumb getting hacked, following the predecessors case. Sholud all exchanges be decentralised to aboid hacking?
It is going to be impossible for every single exchange to become decentralized besides I do not see a great interest from centralized exchanges, they like the way things are, besides even if there are decentralized exchanges I do not see a single one that amazes me so it is not like the competition is too strong at the moment, just make sure to not leave your coins longer than necessary in the exchanges and your bitcoin and altcoins are going to be safe. |
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