I think volatility is good for the cryptocurrency market as it gives many options for earning and attracts many traders. Still, you should never forget it is very risky to invest in crypto.
As long as we can know how to minimize the risk, we can prevent the big loss in trading because whenever the price goes, we can anticipate and make a profit. That is why we need to keep learning from many sources so that we can add more knowledge and improve our trading skills. Once our skills improve, we will see another sign that will show in the market, and that can lead us to get the right time to trade.
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When you know that price of bitcoin will increase higher then you should be careful because there is probably a huge drop in its price after that.
That's right, you always need to be aware about the sudden drop it bitcoin price once the market experience collapses. It is not that hard to make your self stop from doing transactions once the volatility of bitcoin occur, as the bitcoin price increases, that's not the best thing that you should focus on. You also need to know how long it will lasts so as soon as possible, you can prevent losses once you see its price changes. Cryptocurrencies really have that kind of ability to expand its volatility depending on the market volume and demand. Huge drops will always come so you need to also prepare and be ready for that so that you will not have a hard time to recover all your losses due to its volatility. Most people know about the volatility, but the biggest problem in this matter is they have greediness, which prevents them from stopping trading or they don't sell their bitcoin once the price increase so high. They always want to make more and more profit, and it seems they forgot that the high price would not stay in there, and there will be a time for the price to go down and make a correction. The volatility helps us make the profit, but that doesn't mean we don't need to close the trading at the highest price because we need to save the money that we use to trade and take those profits as much as we can. We can wait for more for the low price to buy back bitcoin again at a low price.
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In the altcoin market there is no need to be speculation because of the high volatility and uncertainty of the market. So, grab the profit whenever you are in profitable portfolio. But, in the top 10 coin like the Bitcoin, ETH, Ripple, etc. you can here be safe if you are invested speculate time to time.
Safe investing will not bring much profit to investors, and I do not like to buy the coins in the top 10 because those coins are just wasting my time. I like to join IEO or buy coins outside the top 400 because if I am lucky I will find a potential coin for long-term investment. Of course, the risk will be very high, and the coin can be zero if you are not careful when choosing to invest. It seems you are a risk-taker in the crypto investment, so you choose that way. I think we can select what we want, and as long as we can accept the risk that will happen in the future, there will be no problem for us. Some people choose a safe investment while they know that every investment will have the risk. And if they can minimize the risk, they will not be too desperate if the price does not increase to the high price that they want, but they still profit from the investment.
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Bitcoin is still growing it is not popular as traditional Bank... All most all are using banking system but so many doesn't know about Bitcoin still.. I wish it becomes popular as bank in future but at present traditional banks are popular.
I am sure with the adoption that is happening in every country, that can help bitcoin to become popular as the traditional banks. But to go to that way, we need to introduce bitcoin to many people so that they will know the existence of bitcoin among them. And the important thing is they can know that bitcoin has the option to be used, which is they can use bitcoin as the payment method, and bitcoin can be used for the investment in the long term. I am sure people will have an interest in bitcoin if we can teach them, and they can search for themselves.
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I am not surprised that the dump continues. I bought ripple in 2018, but I stopped to believe in this coin. when I figured out how centralized this tool is, I just left it in my portfolio just in case of a pump
No problem because you will see XRP increase after the bull run come, so you can prepare yourself to sell at a high price if the price can start to grow. But that will not happen in a short time, especially if we see the market movement on this day. We need to wait for more until the bull run comes. Meanwhile, you can do another thing or trade for other coins to make a profit from trading.
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true we can see the picture alt ranking above, they have survived the market crisis at the end of early 2018 until now. while alt which is not good does not survive and many have been replaced with new ones. I agree alt like eth, xlm, link, bnb and other top ranks will be fine in the next 5 years, even experiencing a rapid increase if the ALT season has arrived
The altcoin season will arrive soon, but before we see that, we need to focus on this time because it seems, the crypto market will have more volatility, and unfortunately, we don't know what will happen with the market later. The top 50 altcoins will be difficult to analyze, so it is better to reduce the number of the list so that we can get the potential coins. Or you can choose bitcoin for the investment.
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The problem now is people need to familiarize themselves with the new normal. Still, many of them don't care about that, and many people are together in the public area, which can get infected from the asymptomatic or the carrier of the virus itself. I think they feel bored to stay at home for more than 3 months so when the new normal was used, they feel that they now can go out from home, and meet their friends or partner in the public are. That is so worrying because we don't know if there will be no second wave of Covid-19.
People get bored of staying at home and i believe part of those people but i think the solution is not total lockdown but people practicing the good hygiene because the number of cases still rise during the total lockdown which mean the good hygiene is not well practiced and i hope there won't be any lockdown again cause it will affect the world economy and it will take many years to get back to normal. We hope so. As long as people can have a healthy life during the new normal, we will not see a significant new case because people will obey the protocol from each government. They will not try to break it because they know the consequences if they don't follow the protocol. I am sure that if every people can do this, the work of a doctor, nurse, and the other too can be reduced, and they can focus on curing the patient at the hospital without seeing any increase of infected people.
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Low demand + unlimited and large supply. because it is a doge defense, and maybe I think doge is the best-selling coin in the world of gambling, almost all of them use doge, and that's just my opinion
to survive long-term doge has market power. many use this coin. I think doge is quite popular, but for trading and investing this coin is not suitable. some traders I think often use it too, but only as an asset to withdraw from one exchange to another. Traders use dogecoin as their asset and hold for the long term, and they will not sell their dogecoin if the price is not more than 100-150 satoshi. The last high price we already see that show dogecoin can increase to the higher price, but now, the price is back to the lowest price again. But I am sure that the price will have the time to rise again, and once that happens, traders will make their big profit again.
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Isn't Localbitcoin just for Bitcoin and Ethereum? I can just buy those easily on Robinhood. I'm looking for more hard to find stuff.
No matter if you could only buy bitcoin and ethereum because if you have bitcoin, you can send the bitcoin to many exchanges, so you can use it to trade with USDT or altcoin and try to make a profit. The most important thing is that you can have bitcoin or ethereum without a problem, and the next thing will be up to you. You can hold your bitcoin in the other wallet if you don't want to trade.
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I would say maybe ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ... So Covid-19 is not the only one of the reasons for bitcoin adoption. Apparently, not as a whole but in some point that Covid-19 it influence people to adopt it. While people have much time at their home and have an internet connection, they will see so many cryptocurrency advertising from many websites, especially from social media, which can bring them to visit on that crypto website. If people wanted to find another source of income, for them bitcoin is the new answer for this covid pandemic sudden cause of lockdowns. If we are about to talk about the bitcoin adoption, probably compared with the previous years, it increasingly known and the growth were higher than before. This covid pandemic somehow contribute to the greater adoption of bitcoin hence they are still people who misinterpret the use of it.
Maybe bitcoin is one of many ways of source income that they will see from the internet. If many more people adopt bitcoin, we will see growth in the number of users that used bitcoin from this year, and that can trigger the market to change, and maybe we will see a better situation at the market.
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Happiness can not be valued with something that we see, feel, or touch. Happiness is more than a feeling of that, and it's only can be felt by the heart. You can get many things to make you happy, whatever you do and that can satisfy you, that will make you happy. If you can do that every day, you will feel happy, and you are not worried about anything because you can feel happy.
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Bitcoin has never crashed, and stayed under its 200-week SMA. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) Here is a thought experiment: what if BTC crashes below the 200-week MA (currently ~$6,075) and stays there? Will that change your long term bullish view? If not, then what needs to happen in a technical sense for you to question the bulls? I am okay if the price crashes and stays at $6,075, and I do not change my long term bullish because of that. I will still wait for the bullish trend, no matter if that needs a long time than before. I already wait for more than 2 years, so waiting for more will not be a problem ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Nothing to happen in a technical because, in the end, the bulls will come, and I am sure it will happen not too long.
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Having volatility is good because that allows us to buy and sell from the differences in the price so that we can profit from that. That is our job to search the right time to buy and sell the coin, and if you can learn more about analysis, you will see that chance. You don't have to buy and sell if you can not get the time to trade because that will be too risky for you if you force yourself to enter the market. You'd better wait for a while until the market situations can be able to analyze.
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Yes, I agree, binance is one of the biggest exchange that everyone put their trust. Because of the security and satisfaction they give to their users, they really deserved to be in the first position in CMC. Even without buying CMC, they already prove to us that they are the right exchange to be in that position.
Binance already become one of the biggest exchanges, and they still try to give satisfaction to their members by providing another support to them. But binance still need to maintain their track to stay at the top exchanges because the other big exchanges will not want to stay behind binance. From time to time, we will see a competition between each exchange, and that is interesting to see which exchange will remain at the top position.
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I would say maybe ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But we don't know if that is right or not. Bitcoin adoption still on progress, but people use the other payment method. I guess they still use fiat money to make a transaction, and if they use a digital payment, they will use something that they already know before. Unless bitcoin already accepted as the payment method in one country, people will not use bitcoin to pay something, but they will use another payment method. We know that there are so many digital payment methods besides bitcoin to pay something or buy something at a local store in some countries. So Covid-19 is not the only one of the reasons for bitcoin adoption.
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Fees are inevitable. Some are cheaper than others but it doesn't make much difference. If you want to invest you can't worry about that. It's better than nothing at all.
I recently came across something called Jaxx. I haven't checked it out yet but it looks like it could be a good one. It's available in the app store. It offers many coins for sale and many wallets.
I wish there was one place where you can buy any and every cryptocurrency and it would be super easy and fast.
Can you access localbitcoin? If yes, you can try to search your local bitcoin sellers, and after you found, you can arrange an appointment with him to meet in one place, and you can make a deal with him. Or you can ask him to send the money to him before he sends the bitcoin amount. Another method is you can find local sellers from your city. Usually, this seller is available on facebook's group, so you can directly send a message to him/her. That is what I did if I want to buy bitcoin. Jaxx Liberty? You need to use a credit card, which I am not recommending because that is too risky. It's better to find the local sellers from your city, so you can ask him directly everything you want to know.
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I only know that Dogecoin was supported by many people, even the whales support that coin too so that Dogecoin can survive in the hardest situation. Until now, Dogecoin still gets that support, and if you check on many exchanges, you will see that the order buy and sell in those exchanges have a big amount of bitcoin, and it's waiting to be fill. Once the dogecoin increases, the increase will be so high, making a big profit for people who hold Dogecoin.
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If there's a spike in the spread of COVID19 again, we should be expecting more worse scenario because the government believed the only way to reduce/prevent the spread of the pandemic is to stay at home because there are some individuals which will never comply to the good proper hygiene procedures. Let just hope the vaccine is detect.
The problem now is people need to familiarize themselves with the new normal. Still, many of them don't care about that, and many people are together in the public area, which can get infected from the asymptomatic or the carrier of the virus itself. I think they feel bored to stay at home for more than 3 months so when the new normal was used, they feel that they now can go out from home, and meet their friends or partner in the public are. That is so worrying because we don't know if there will be no second wave of Covid-19.
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Very tough if you look at all those in top 50, even top 10 is hard. BTC is still the first choice to hold long term as you can never go wrong with it. But other alts, it is hard to identify their fate as it depends mostly on their developers. If the devs decide to cash out and move on, your alt is gone. But of course, you can invest on some of them, but you should do your own assessment before investing.
He can avoid investing in altcoin if he is worried about the volatility of the altcoin price, and only invest in bitcoin. Maybe he can try to analyze only on top 10 altcoins, so he doesn't have to spend more money in analyzing to find the coin to invest. That is why we need to search for the right coins, so we can make a profit, and don't invest in the newcomer because it is hard to analyze that coin. But the most important is we know how much money we need to use to invest.
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That will be a side effect if they visit someplace which have a fancy aquarium lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) But I am sure that the luxurious casino will have that room, and not all members can use those rooms unless they are a VIP or VVIP member who always spends a lot of money on playing gambling on that casino. Although they have those rooms, they still need to check every VIP or VVIP members and all of the employees who will enter that room, so all of them are clean from the virus. As always the big wales will be playing seperatelty from the peasants ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Own private rooms, private dealers, better food and drinks, etc. But you can't be a 100% that a employee is not carrying the virus. You would have to test that person everyday and still then its not guaranteed. I think the security especially for the high rollers will be very good. That is what the big whales will do. They will use one big room to play with their friends in a private rooms, and with special services from the casino. If I were the casino owner, I will test all of my employees, and make sure that they are healthy and clean from the virus, even test it every day. I won't take any risk of the virus, and if one of my employees is a carrier or asymptomatic, I will suggest him to isolated himself, and go to work but I will give something while he is not working.
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