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If the team has a genuine utility case for their project then it might be worthy to invest in, you can usually tell which teams are just looking to earn a quick buck by looking at their previous track record. Have they ever produced a business that has gone in to be successful in the long term? If yes, you might on to a golden goose, but the vast majority of ICOs have no idea how to survive long term.
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Personally I don't think that Bitcoin will be anywhere near 100,000 by the end of 2019, there just doesnt seem to be any indicators at all to base this on. I think we might start to see significant growth in 3-4 years when many of the ICOs start moving into real world uses cases. the market doesn't follow mathematical models, it is quite obvious.
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Absolutely not, there are plenty of ways to trade without looking at technical indicators, the main thing you need to track is market sentiment, how do people in general feel about Bitcoin at the moment, based on this you can usually tell where the market is heading.
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You can definitely short Bitcoin, but I would really not recommend it if you want cryptocurrency to succeed. People shorting BTC on Bitmex is one of the major contributes to the bear run that we are currently experiencing. So if you want short term gains, go for it, but if you want to see your money possibly massively multiply, then just trade bullish.
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Personally I dont think it will be this year, probably not even next. I think about 5 years is a safe bet to assume that the market will have fully recovered from this. I mean we are already 9 months in and cant see any sight of improvement in future.
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The trade volume is way lower now than it was last year, we can't expect the value to keep on climbing while there is no real scarcity. I don't think we are going to see a massive price hike until the volume picks up a lot.
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I dont think the concept is truly that difficult to understand, the major issue is actually people who are too ignorant to even try to understand. These are the people whose preconceptions rule their lives and will always be close minded to new things. fuck em.
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Great post, glad to see somebody contributing value here. I recommend all users who finishing reading this then move onto learning about different types of limit orders, that way you wont end up losing 70% of your portfolio like a lot of people seem to complain about around here.
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And another rule! Don't forget your damn stop losses, so much of the hysteria we see on the forum now could have been avoided if people had just cut their losses early, in fact, I don't think we would have even had the free fall that we see now if we had stop losses abundant!
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Why not both? Spread your risk across multiple avenues, even if it means better against the future of the industry. It's always a good idea to leverage your trades so that you can come out on top regardless of any market situation. Over time, you will build up a reportoire of signals that will make you a better trader, so just get in there and try both (with small amounts.)
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Personally I think it's price manipulation on Bitfinex, such sudden movements like this can only be the result of price manipulation if there's no FUD/FOMO around, and since I haven't heard any significant news one way or the other, such a spike appears completely unjustified, and hence is the result of suspicious activity.
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It has been noticeable that social media these days is exerting panic calls all around. These posts serve no real purpose except to take clicks and views while not helping the cryptocurrency community at all. Keeping a cool head at times of bearish runs is no trick but is also far from easy. Even the best of us fell into the trap of panic responses, losing even more as a result. Keep the stress out of the trading business and invest only so much that you can afford to lose. We would also recommend small investments at the times when bitcoin and altcoins gradually lose value, since the period when they rise up will come. Share here your "quick and dirty" techniques to keep calm while trading and experiences when you panicked so to help others recognize it as well and stop it in time! https://www.cryptocointrade.com/education/avoid-cryptocurrency-trading-mistakes/Pretty sure I saw people saying this same thing in January when the price started collapsing, DONT PANIC SELL, ITS JUST TEMPORARY. And yet here we are, having lost 70% of the market cap. Sometimes panic selling is exactly the right response. |
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Probably price manipulation on Bitfinex again, it is super suspicious how BFX always seems to be the first to move when this type of thing happens, probably whales messing with us mere fish again  |
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There's no chance we're going to see a gigantic bull run like we did last year, the circumstances are completely different and there are so many confounding factors now, there's too many bear signals for us to really go crazy like Dec 2017.
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The people who say stupid things like that are the ones who haven't actually taken the time to read what cryptocurrency is, and what it means for the future. it is pointless trying to argue with people like this because they are closed off to ideas and new things, let them suffer whilst we become the new wealthy elite.
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You are talking about small investors investing few thousands of dollars and hoping to become billionaires.
Whales and big investors don't get emotionaly involved.
They make a lot of studies and researchs and always have a plan B (they are neither pessimistic nor optimistic).
True this. A lot of people are investing pennies and hoping to become rich. This isn't 2009, your $10 investment isn't going to make you a millionaire. You can't simply invest and forget about it, and come back in 5 years and be rich anymore. It's time to put the work in and grind your way to the top! |
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I think that giving people a way to bet on the bearish market has definitely contributed to it in to some degree. However, Bitmex has been around long before this bear season, so we can't attribute the entire correction to the shorts on Bitmex. Overall, it's a little bit of everything causing the current market, FUD, bad news and too many shorts are certainly part of it.
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I don't think that they directly threaten Bitcoin, I think the bigger probably is that too many coins lead to the total market capitalization being spread too wide, making it very difficult for a single coin such as Bitcoin or even Ethereum to gain much ground as there's not enough money moving around. I think that if 90% of altcoins died, the market would be stronger overall.
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General Electric are a vaporware company, I don't think they have even gotten anywhere close to achieving all the things they said they would with their electric cars, pretty much best to just assume that this news is vaporware too as nothing will come of it.
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Well, recently it seems like CNBC's indicator has predicted the exact opposite of the market movement, the last 3 times CNBC have been bullish on BTC's price we have seen a decline pretty much right after. Very suspicious, or perhaps CNBC has just lost its touch.
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