It can be the right time to buy altcoins. But nobody really know if the down trend is finished. We can see some resistance from some altcoins to not fall down more. But some altcoins are still falling lower now. It is like people are still trying to maintain the dominance of bitcoin to near 70 percent.
- I think right now it takes a lot of courage to buy altcoins because most altcoins have turned to a red signal, and red represents an accident, a market crash, and there is no end time and change in this situation, seriously, we can only wait for things to automatically return to normal. Agree that if we invest, we will get a good price and a profit opportunity but behind this opportunity, it can still be a deeper loss and decline, this market is not a pool, it is an ocean with a string of dangers, reckless would be suicide |
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Now exchangers and exchanges in general have begun to appear on the market much more, will they compete with others? this is another question, but as for me it’s difficult, everyone has long taken their place, but got on WhiteBit the exchange what do you think, are there any chances?
I heard this exchange, looks like a lot of people are shilling this exchange in the forum, it was just recently launch but it already have a good volume, but I haven't use this exchange yet, I still with the old exchange but reliable. Too many exchanges is good for the market because it's expected that the adoption will increase, with that, exchanges are in demand. - Exactly, many exchanges will create an incentive for old exchanges to continue to move up, it will even be an opportunity for new exchanges to show their full potential and strength in the market, and we as users of this market, we have the right to choose what's good for us. However, we should still be careful when a lot of exchanges are created to deceive our information and steal our money, many people have confirmed their information is leaked, so if we are not sure about an exchange, stop using it and select exchanges that are trusted by everyone |
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Weakening bitcoin prices can be used as a benefit to buy, many experts say if the potential of bitcoin will remain high and right now I think to make the best use to buy bitcoin and sell it to high positions in the future.
- Agree that in recent days, the price of bitcoin has really weakened but weakened at a low level and this is not a good time for us to buy regardless of the potential of bitcoin is large or not large because investment is not based on such factors, investment should be based on market analysis and observing changes. And what I see is that bitcoin is still relatively, buying bitcoin right now is an unwise option, needing to wait for the latest signals from bitcoin, rushing in this moment only makes us fall into awkward situations |
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There are few chances for ethereum to over throne bitcoin. Just make a quick math and you'll see that the amount of capital that is needed is just too big to happen so I would say that no one ever can over throne bitcoin even if they have the tech , devs and all the juice.
- Indeed, from the past until the present time, bitcoin is still something that nothing can replace and defeat, it seems to be appreciated by people, considering it as the origin of the crypto market, the success or failure of the market depends heavily on bitcoin because we can see every breath of bitcoin, other crypto will follow and move, very few altcoins will resist. Ethereum is probably the altcoin closest to bitcoin but unfortunately, it is still altcoin, it still needs to see bitcoin to move, the strength of bitcoin really dampens hope of competition from other altcoins |
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Because of pseudonymous so goverment implement regulations to bitcoin and crypto. Bitcoin is decentralized system it wont easy to ban bitcoin, let say one country sucessfull banned bitcoin but there's no warranty that existing people not trade or mine bitcoin and also there are so many country still not success. Decentralization and pseudonymous completely make developer, user, and community spread over the world and work together
- In short, banning bitcoin right now will be a joke for many people because in fact, the government cannot ban bitcoin forever when the system is too superior and not in their minds, want to end this system, the only thing possible is to turn off the internet globally, not allow online access, but this story will probably be a terrible thing when society is going through the internet to grow, the connected network is too dense. The damage to a meaningless fight is in excess of what is needed, the government will not do such things, so banning the globe is impossible. |
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Most of the people who are already involved in cryptocurrency will happily buy this coin because for many years we are seeing how Facebook changed a lot of social media activity. The only demand for a Facebook coin is the owner itself because he is one of the most dedicated person.
- Indeed, with such a popular advertising, if crypto investors don't care about facebook coin, that would be a lie, and when people already have an interest in this product, they will certainly have some curiosity and calculations and want to invest a little in it. And except for people like us, the world community will also invest and buy facebook coin when this is almost a new trend for them, especially stock investors and facebook partners, support and help for facebook coin will be a way for them to get more money when facebook always has a great ambition |
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buying tokens when the prize hunter sells tokens is not a problem. but we have to look at the position of the token whether it is suitable to be used as a purchase or not, because now there are so many tokens that are sold by bounty hunters but do not have a good future.
- Well, this is a dangerous job at the moment because as you said, the tokens on the market are too much but the quality and good future really has a very low percentage, and the chances of us succeeding are not so high. And don't stop at this issue, bounty campaigns are strategically limiting bounty hunters, typically, tokens will soon be distributed to investors, until the hunter can receive tokens, tokens probably already dropped to a level where people no longer care, buying such tokens is only a failure in the near future |
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U.S. trade war with China may only have a slight impact on the development of crypto prices. It will probably have an impact on the economy in every country. The Bitcoin movement is influenced by demand and acceptance. So this price of Bitcoin can also rise very high because of the large demand, but if the reception is small, the price will decline sharply.
So how can you connect that on the trade war? It is true that bitcoin's price depends on demand and acceptance but when it comes to the trade war, how is that connected? That is the reason I don't think bitcoin will be influenced or be affected by it. - I don't think so, bitcoin will get a certain influence from this trade war, the explanation for this story is that the value of Chinese currencies will be reduced when they no longer cooperate with the US, they will be affected economically, besides this story, the US also has an influence when its stock market also has some links with China. And the solution is to move to other assets without being affected, even profit, crypto and bitcoin are probably very well known as a way to increase assets and make money, crypto market will have fluctuations in this battle |
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It's totally impossible for XMR to hit 2500$! Monero will not go there ever. In the recent Bitcoin bull run, when BTC went to 14K USD zone, most of the altcoins grew a very little! Altcoins bull run is not happening because of Bitcoin's huge dominance. So, you may stop thinking about XMR at 2500 USD!
- If we have been following the history of the market for a long time, we will realize that unbelievable stories are happening very often, so somewhere in my mind, Monero still able to achieve such prices but face the trend, face the reality of this market, the percentage for Monero crawling up that price is low and very very low. Because the market no longer relies on old altcoins, the first altcoins have lost their appeal, capitalization has gradually poured into new altcoins, old altcoins are only trying to maintain the final strength |
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if day trading is done correctly then its the profitable for sure , I was also not profitable in day trading but I read some books like ,
how to day trading by ross Cameron
then I knew what was the mistake I do then I slowly my losses turned to profits
- And the story you tell is a convincing proof that trading day is still profitable but before we reach our profit levels, we will need to go through the first losses when what we are choosing is a quick way to earn profits, fast always means there will be more danger, you have felt and many people participating in day trading have felt. However, not all participants will be profitable, day trading requires very high talent and market sensitivity, some people will move from loss to big benefits, some will move from small loss to bigger losses |
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how can we do banking with bitcoin? if we can be the bank on our own wallet?
Unless Bitcoin has its own value on the bank and once deposit it converts to FIAT right away!
But if we will just be having a bank to store bitcoin then what is the essence of that?
Remember that banks has their limit on paying customers if they declared bankruptcy and we dont want to be on their line.
I think that Bitcoin or better to say crypto banks will appear sooner or later. They will be specialy regulated and they will offer crypto related services. The market for such services stil exists but there is no adequate regulation and the risk is still too big that is why banks still hesitate. - More precisely, we can not call them independent crypto or bitcoin banks, it is just another development direction of banks, the bank still focuses on other main services, crypto is just a sub for the convenience of many customers, and agree as you say, the rules for this service will require a lot of information and details to restrict and manage all activities. The building process will probably take a long time as countries are still discussing crypto and bitcoin, most governments cannot accept this freedom and anonymity, they need time to understand better |
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ICO is still legit in several projects. But seeing as a whole that ICO is not the right investment anymore. Because of the many frauds, failures, even successful even though investors still suffer losses. Things like that make ICO not trusted anymore.
- A few projects really still have some credibility but in an era where ICOs have become a land of rubbish and little valuable products, ICOs are like you said, not many people care and invest, and a field that needs a lot of investors but people have left, the odds of us having success are too low, IEO is being more popular than ICO right now. Unless the ICO makes certain improvements and is more perfect in principles, if not, the chances of it returning to the community are zero, competition has been too much here, no progress will be eliminated |
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Hi Everyone,
As advised I am trying to learn the basics of crypto first.
Most of the suggestions mention investing in top ranked coins. My question is, does it always work? As far as I understand, the market is vulnerable and affects almost all the coins from top to bottom. How then you determine which ones would stay ?
Yes everything is vulnerable to drops, and everything is volatile. The point with starting with established high-cap coins is that the volatility is less at the top of the market. If we have a crash, then BTC will likely fall less than ETH and XRP, and then ETH and XRP will likely fall less than some random coin outside the top 100. There is also plenty of junk out there, so sticking to high cap coins means you're far less likely to buy something whose price will just fall to zero. - Unfortunately, your thoughts have accidentally fallen into the trap of manipulators, investing in coins that have high market capitalization will help you avoid big risks but the value may still decrease over time, it does not return to zero but it only needs to lose 50-70% of the value in the long run, which is enough for you to be scared. Therefore, there should not be a grip here, based on the situation of the market and establishing investment plans, any coin can become an opportunity and a risk, you need to understand that and move quickly |
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But there is a huge difference between gold and bitcoin. The price is increasing as the time passed. Yet, the bitcoin is flactuating and inflating because it is volatile. Gold can be used as a pure investment but bitcoin wasn't created for that purpose. It is just a plus factor that it can be considered as a digital asset but it's main purpose is the blockchain technology. I may say bitcoin can never replace gold bec. Of those reasons.
I think if you want to make a fast profit, you can choose bitcoin because the price is up and down every day. So you can expect to make a lot of money from bitcoin. Although gold can give you more money, the gold price does not fluctuate as bitcoin, and if the gold price increases, the increases will not be like bitcoin. But I don't think that bitcoin will replace gold since many people out there still prefer to use gold for their investment so maybe they will always choose gold as their primary investment. - Agree, without the replacement of gold, the highest can only be competition and attract investors from gold, it is difficult to completely replace because investors' goals and choices are based on many different criteria, they will consider each investment, from favorable to difficult, to sum up to choose the right investment for them. A person will like gold when it's safe and stable, even honoring their nobility, some other investors will like bitcoin when they are new, they see the opportunity created by bitcoin, high risk and great return, this is the risk to change. |
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Yeah, ICO investing now is much worse than gambling. On gambling, there is a chance to win, but when you invest in ICOs, you wait..wait..wait, hope and wait...and get your money 1/10 and get angry. Waste of time and patience, hopes are gone.. I would not participate in any IEO other than Binance or kucoin.
- ICO have become an outdated path at this point when the general trend is no longer accepting this method when it is too risky and dangerous, besides, the development of IEO has become a threat that is too great for ICO, that has gradually pushed ICO into a bad investment and lack of investors. Compared to gambling, ICO may have been worse when at least gambling gave us the opportunity to win and lose immediately, ICO only provide a feeling of waiting, sometimes tired and just losing, very inhibiting if we are an investor |
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It is good that new professions have appeared. People who learn first will benefit greatly. Because the technology is developing very quickly and there are not enough specialists.
There is more and more professional job opportunities as the technology gets more more wider usage. Even now if we try through the jobs search engines we'll get more job wanted for blockchain specialists good in programming. Keeping ourselves updated with the needs is always a good choice. Most of the professionals we have right now were the self learned people, around the world now different universities were providing different courses for the same. - Self-study is a sure thing because crypto and blockchain and these technologies are really new to everyone, and the development process has only happened about the last few years, and current courses only have a relatively low level of knowledge, want to be able to work and function well, people need to learn more from online experiences and sharing. In general, the jobs that bitcoin and blockchain create are many but too restrictive, the knowledge needs to be solid if you want to work and make money. |
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Of course to become a successful trader you must knowledgeable in everything , what i mean all the related things about doing ,wherein in order to reduce risky situation and you know what to do if there's a problem occur. Lastly you know as well to control your emotions and you have patience because in it you cannot get good return if you don't have specific strategy and you always change mindset. So better change your self first before jumping on it. Educate your self more to avoid problems.
- Agree, in-depth knowledge is what we need in order to become a successful trader and the definition of knowledge here, which is an ongoing upgrade and exchange, this means we need to know more and more every day, can not stop with the old knowledge, it will soon be outdated and worthless to this market. And the next factor that leads to success, that is the nature of a successful investor, there are many factors that make up this success, some people will say patience and control, except for these, it still has many other factors. |
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Guys, i am new here, i was buying ETH today. I'm not really following this, i just thought ETH is still cheap now and 2020 seems cryptocurrency get many big event (libra, ETH 2.0, btc halving day)..
Did i wrong ? Did ETH still good ?
ETH still very good, at least for me. I will wait ETH to be POS and take decision from that. Will change to another coin or not. But usually before something new happen with coin, it will get pumped. So i will take that chance beside waiting BTC halving day. Or maybe put something or maybe a little of my money in dogecoin. Just use money that you afford to lose, you will be ok in crypto investment. ETH is currently struggling and this is the best time to buy the coin. It's been here for many years and have survive last year during the long bear run, it has reached a good price, in 2017 but one of the worst performer in 2018 when the correction is taking place. I know this time, there are lots of investors who are disappointed with ETH, but they should realize that the market is not always good for everyone, sometimes we have this bear market that we have to endure if we like to enjoy the future of coins we are holding, and I believe ETH is among the coins who will enjoy a good future. - I also think this is a good time to buy eth but not because it will have a good future, I believe in it because of analysis and looking at charts, movements, ETH has been in a difficult period for a long time when we look normally. However, deeper is probably that it is in a more cumulative stage than ever when bitcoin and investors forced eth into this path, and once this bear market is over, capitalization will begin to move into altcoins, eth will have a boom at its peak when it has held back for too long. |
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Actually i also try financially free with bitcoin and altcoin. But i have diffrent method's and so far it'is work for me. Let say i have £100,000 / $120,000 or need to collect fund until £100,000 / $120,000
1. Investing small fund in bitcoin, I will give around 20% here
2. Investing small fund in 10% in altcoin which have good prospect
3. 60% I bought empty land and build residential property
4. 10% bought and trade company stocks, i trade every week, not daily trade
In step one, i got pasive income around $70 every month while i hodl coin i still get pasive income.
In step two, i have my own method to take profit from altcoin. I don't get pasive income from here, but when bitcoin price increase i got more profit and when bitcoin price decrease i didn't lose anything and loss money
In step three, this is my way to keep my money grow
In step four, because of i invest very small in step 4 so i won't get much dividend, but here i trade company stock so i'm not tied to dividend
After i got some money from step one until step 4 every month, i save my money and bitcoin or altcoin
- And carefully review your steps, altcoin and bitcoin even though it contributes to your financial freedom but the level is insignificant and not a long term because the profit as you say is not so high, sometimes we can still lose when the market is not supportive and we are unlucky, the only thing I can see is that bitcoin and altcoin are trending, so investing in it gives you the opportunity to steadily raise capital. And from there, your financial stability and freedom in step three, real estate gives you freedom, bitcoin and altcoin make a very small contribution |
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You know what, the world population is currently around 7.8 billion and there are more than 1.5 billion of them under 15 years old, so only 6.3 billion are adults and I believe those who know about crypto are no more than 20% if more or less than 50%.
That crypto is not a solution for countries that are facing or will face an economic recession. India has almost 50% of the population poor so it can be said that they do not understand crypto and even if it is I think they only see crypto as a technology.
So in my opinion crypto is not a solution for a country that is experiencing an economic recession.
- Agree, the number of people who know about crypto is still very small, so even if the Indian government considers crypto, it will not help their country overcome economic difficulties, besides, India is always considered to be an underdeveloped country and has many crimes in society, it's clear that they won't have too much consciousness to work seriously with crypto. India needs to overcome these issues, rebuild a face of knowledge for its country, then consider crypto, crypto is just a way to make many good people become better, it cannot change the economy of the country too much. |
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