Well, even if you are going to be investing in tokens, it is very necessary to be careful which one you are investing in and why you are picking them. There are for sure a lot of tokens though that will end up doing greatly well and that for sure is going to be the most in my portfolio. Mostly the ones that have good prospects, great product, possibility of huge increase in growth, and presently below ICO price. The idea for me is to make it an easy hold.

It is just very unfortunate that a bunch of people in the space really do not get the fact that it is highly volatile but they instead focus more on short term gains or profit thinking it is a way to get rich quickly. However, things do not simply work that way and the earlier they started knowing that they should focus more on the long term than the short term, the better for them.

Only after they do understand, they will always see dips as an opportunity to invest rather than joining FOMO 100% of the time. I believe rest of people will start adopting bitcoins when bitcoin will be scaling new peaks. It had happened in the past hence it will happen again and again too. Bitcoin will hit new peak and then some down trend will follow. When people continuously watching this similar trend then they will not be afraid all the times.

Accepting loss as quickly as possible based on your strategy is always one thing to always know how to do in trading and that would help a trader hugely. That is where the main challenge of any new trader has always been most of the time even after learning and they tend to find out that if they had made decisions to stop loss at where they should have based on their knowledge without any emotion, they will do better.

It is normal but that is where experience now gradually comes in as one gets better making decisions without any form of emotion in the long run.

One of the reasons why bitcoin has turned hugely to a speculative asset is this reason you have mentioned. We are totally forgetting about the development of bitcoin as currency and how this can become a reality and all we keep doing every day is focus on price like you have said every minute trying to expect when we are to moon or buy a lambo and all sort of things. This mentality will not help but as long as we see real life usage, it would usher in real demand, less manipulation or a huge market growth.

But to achieve the "final goal" of bitcoin for that it was actally created, we must need bitcoin to be an attractive one to adopt it. For that $250k price level alone will not be enough. We need bitcoin's value in millions. Most people who are predicting bitcoin's value are turning as an absolute right one over time but most of them do fail with time frame.

I believe bitcoin may touch $250k levels within 2020 and by the year of 2022 it must be having value in million dollars. I may sound unrealistic but you all may need to thank me by the end of 2022 year. Let's all watch and understand the power of bitcoin in real time.

The whale manipulation is actually a very terrible one for the market and one I would call utter stupidity because no trader simply likes a manipulated market and I wish there could even just be a gang up against them in a way that would make them lose all they have but whichever way, over the years, they have gained so much anyway to even consider anything as a loss.

Nothing is predictable in this market, and like you have said, most traders are out of the market until there is a clear sign of an upward movement which makes you totally right as who would want to gamble a market like this in the first place where TA and FA has even turned out to be Zero.

The main goal is to have bitcoin being used as a currency and we really need to find a way to push that out there and with this kind of development, it is sure going to be a pretty good one to look out for, in any case as it may. I believe over time, people will get to start making use of the cryptocurrency world as it guarantees easy payment and as we keep seeing this, we will also sure get to see the space evolving the more into a better one.

Nice to see craigslist actually integrating cryptocurrency on the platform and it is a good way to go. I am sure going to be doing some transactions as well in the coming weeks. Let’s keep it coming as we see the movement of bitcoin or cryptocurrency into the mainstream in the long run. Gradually, seeing things like this would actually help the space to develop in a lot of ways.

Yes, any market movement that was not warranted for most especially when it is an upward movement that was fueled by greed and the fear of missing out, it is normal to see people panic easily when the trend starts changing. The market is generally volatile and it is something I expect people to have gotten used to by now and really nothing anyone can do about it than to either trade the trends or hold until they are making huge profit in the long run.

Always traders' sentiment alone plays the vital role in deciding the trend. After prices got doubled within a 25 days in last November month, everyone was expecting a reversal which might be the first trigger for this bear trend. When we are having the bear trend for more than 6 months, I guess traders will change that sentiment into bull trend. This may happen in coming day.

Yes, someone who is able to control themselves or does not see gambling as anything that should be enough to pay all attention to, or probably always very busy, it would be so easy for such to consider gambling as fun, and only do it when they have the little chance or probably miss it.

For someone like me, there are actually some time I may just miss gambling and the fun in traditional casinos where this urge feelings will be there just to play around just the same way I would want to go watch movies or swim or do some other activities, but all these when it comes to gambling can actually be months in between.

How long we are staying away from gambling is not a big concern whereas how long we are into our regular life without getting the thoughts about gambling. Because, there will be no meaning of controlling ourselves from gambling but we must have quit gambling heartfully so that even we may get a chance to gamble, we must ignore those moments. I guess when we take resolutions with strong will-power, it may become possible.

Do not deceive yourself. There is no pro in gambling and the only thing you can be a pro at is your decision making when it comes to gambling. Everything still balls down to luck no matter how smart you want to play it. Smart gamblers understand this and they do not get overwhelm by any strategy they may think they have and always set limits for themselves and that makes them not to lose it all while gambling. That number 3 of his is actually the point that should be coming first for a lot of gamblers.

I do not see that smart gamblers are good gamblers. Smart gamblers are who may be avoiding losses whereas good gamblers are who do find chances to achieve what they look for. There are lots of differences between them.

Accessibility is actually one of the thing that makes it unique to any age, any tribe, any religion as long as no one is behind your neck to watch what you are doing in any case, and even the government would not have to breathe down your neck anytime and by the online gambling, I am referring to cryptocurrency gambling since fiat based online gambling can only come with accessibility but every other thing is the same.

Due to the fact that the crypto space is an unregulated environment, it even makes things easier.

Well, you just reiterated everything the OP has said, but in this case, decided to summarize it.
Yes, gambling industry brings all these things, brings about job for some people and so is other investment as well, brings revenue to the government and so are other investments, and brings about tourism, that is even out of the picture as there are better ways to create tourism than gambling.

I feel we are looking for excuses to justify gambling, while we should be looking at those it affects negatively in quite a number of ways, but I guess that would be me diverting from the benefits to the huge disadvantage. A lot of things generate revenue for the government and the owners, as well as create tourism, without bring disadvantage to those who are making use of those things, which I am sure gambling knows how to do better.

Treating ourselves once in a while really would not hurt but one way or the other; it is always that hard when you realize the potential of what you are spending at the current low price would be later on.

For someone like me who is an I.T freelancer, I get most of my pay in this space and since it is a huge one, I pay myself 50% and hold the remaining, which is good enough for me, no matter the value at the time I am selling anyway, and sometimes when I have fiat to even buy back way lower when it is oversold, I don't waste the opportunity.

Yeah, as much as we all love those quick spikes for quick gain, they are never going to be sustainable and this is the reason why it is always so easy to see a quick dump coming with a quick spike at the end of the day and this sends the wrong message most of the time as more of a pump and dump market kind of.

For a steady growth, this would really make a lot of sense, it would give room for real growth, we will get people and investors all over the world, seeing a pretty good movement and sustainable one upward, and that is all that matters, not some craziness in the space.

Yeah, when it comes to gold and silver, I can at least have some rest of mind that even when there is huge inflation going on, that is when you will know the value of really leaving your money in an asset such as those.

Bank deposits is never safe, at some point, we just did not have a choice, as there is simply no value for storing in the bank, and talking about safety, that is not even guaranteed, as we have seen situations where bank could have a serious problem and can put on hold the customers cash for a very long time or even make one lose his or her money, so there is no guarantee with banks, but with gold or silver, sure way.

Things are actually beginning to get crazier than most of us even anticipated but I guess it is what it is. I guess the whales are simply having a filled day doing their thing and sure looks like the volume just keeps increasing further as the ship is being pulled down like you said.

I feel though that the introduction of fiat as trading pair for some of the coins in the market will really be of help but that would mean most exchanges getting strictly regulated, and some coins being out of the market completely. Whenever we move into fiat or banking system then we may lose the forces of true decentralization which will not ensure what bitcoin's abstract originally emphasized.

Lol, actually at some point we have all ended up having that bad experience but really you cannot blame anyone who is into holding because it is simply hard to understand the movement of the market if you are not a learned trader and you would not want to be gambling your position as that can actually give room for more mistakes and make you lose more.

This personally made me to go through serious trading lessons on my own and it took so much time to get it right and a whole lot worth it as it is far better than just holding through. Trends will always change in between, and it is best to always take advantage of those trend fluctuations.

Looking at the beginning of this thread and everything everyone has been saying it is still very pathetically funny than anyone is not learning their lessons. No one knows anything that will happen next and whoever that cannot accept that should not be investing.

A lot of people said $7900 was the best and here we are a lot lower and then you are still giving an affirmative statement like you can read the future. The most important thing is to invest what you can afford to see reduce in value in a short period of time or buy more if it goes lower, in the long term, the value will increase anyway.

No one absolutely can. We have seen the tendency for more falls and there is actually the possibility but even if we are to go low that much though, I would not assume to see anything lower than $6200 as that formed some pretty huge support around last year with a very good volume. Nevertheless, we all know that this is a market where nothing is predictable and the only best way to play with the market is to always follow the trend and see where it leads. Assuming a lower level well in advance may help but no one can come up with exact levels hence approximation and buying around those levels may help any one who are looking to re-enter the market.

Panic is not even a good thing and it is always better never to let it affect one's decision most especially for those who are long term investors. That is the idea, create fear in the minds of the weak hands so they can dump and this is because almost those people in that category invested into FOMO, were thinking of the idea of getting rich quickly and now things are going otherwise but forgetting it was actually meant to be a LONG TERM investment. However, it is normal to always see resistance at points like that.

We cannot expect the same to repeat but we can expect similar growth to happen in coming months as long as the potentials of bitcoin remains stronger. Those who do not have any doubts on bitcoin's future, wont sell for sure.

Luck does not have anything to do with trading, but your knowledge and strategy is actually the only thing that would work out best for anyone. Trading is not gambling and anyone who ends up seeing trading that way are usually the ones that ends up making grave mistakes at the end.

Learn as much as you can, find a good strategy for yourself and trade on that, as there is no other better way than that which a lot of people usually do not always understand before embarking on the trade journey. Both learning and deriving a strategy alone will be enough to find big profits from trading. Developing own strategy will be possible only after gaining handsome experience but most people not ready to understand this fact.