it can be said it is FOMO which turned into FUD, but this option obviously discards people who were mindfully and purposefully buying on the way up and then selling on the way down (with which adding fuel to price action), thereby earning cash on both Bitcoin's rise and fall alike
Everyone is here for making money and we cannot blame their action. Market riders are just trading along with the trend and their swing way of trading most probably is not influencing the market direction any any point of time. I mean to say people who are all buying when the market is rising definitely not the reason just because they have turned seller when the market is falling down I see your point and I can't say that I strongly disagree with it People that buy on the rise and sell on the fall can be called market conformists or even opportunists (actually, it is a good profit earning strategy), so they are definitely not the ones who start or change trends. But while they are not, they still add momentum, power and force to the trend, so, at the end of the day, it is exactly these people that make a trend reversal more difficult when the time has come. And from this point of view, they do affect market direction just by supporting it, thereby preventing its change But the big question here must be, why bitcoin is not attractive enough to continuously enable people to keep on investing into it In fact, the answer to your question is pretty simple and straightforward Bitcoin was and for the most part still is a vehicle for speculation, but when the jig is up and it no longer brings profits, speculators lose interest in it It’s not only this time rate are getting high so many time it has her. High and I am very happy with this time because the major reason for price fall owls panic selling and it’s now almost controlled to high level. In 2018 people lost their hope but now they are developing their trust for bitcoin so they are investing more they sell. right, building trust is the basic foundation for getting better at bitcoin. this year, indeed hope reappears, and we must see it as an opportunity to make big profits. but indeed we are required to be patient to wait for what is expected to happen |
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Bull market - when the price goes up and you can get profit and bearish market - when there are no positive trends and the price declines, it is a risky period to invest your money
I don't think it's risky to invest your money when the market is bearish. In fact, buying at bullish is riskier than buying in bearish market. It's beause when the market already soared up, the tendency of resistance to the price is more likely to happen. Buy low sell high. but sometimes people are afraid to buy in bearish, because it is feared there will be further bearishness. precisely in my opinion, when in a bearish area, we must learn to look for long positions, so that profits are easier to obtain |
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they are market controllers and they can capture the future of the crypto market. They found that BTC's prices were now too cheap and they had to collect them to create big events in the future. I also believe that BTC prices will not stop at 4 numbers. It will soon grow again and increase its value to over $ 15,000 in the next 3 years. right, number 4 is just a beginning, and signals that bitcoin is fighting. I will wait for the BTC to hit 6, because we know there is a resistance area there, so that it can be predicted that the positive trend will continue |
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Go for it! Also try to spread out your money a little more, read up on stocks. Having your investments spread out would maximize potential gain and minimize the risk of any losses.
in the current situation in the development of crypto currencies that are declining, every investor must be able and clever in seeing every opportunity that will be obtained in investing with your belief crypto currency is your choice right, by being able to take advantage of opportunities, of course we will profit consistently. we can imagine if at the beginning of 2018 selling bitcoin assets and buying real estate assets. of course our money will be safe. and the opposite for now |
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When I was in college we were taught that the price of any commodity is determined by the factors of demand and Supply to a large extent.
In your understanding, do you think that the price of bitcoin is determined by the factors of demand and supply?
I am believe the price of bitcoin determined by supply and demand. With limited supply, bitcoin price will always increase because it will needed as store of value or as a currency. If people using bitcoin for transaction or for investment, the demand of bitcoin will increase and the price will follow I think the one that most influences the demand and supply is the trust factor. with good price trust to buy it will affect the psychology of investors to buy and vice versa. so a trend will occur, which can be a reference for traders to transact. the more requests, of course, will make other traders believe that prices will rise |
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Bitcoin is a gift from God that can help anyone, especially those who are unemployed because they will get income from bitcoin or cryptocurrency.
especially for those who have the creativity and hard work to get it without having to have the capital and accompanied by tools that support and at least smart phones, and there are some of my friends who are unemployed or do not have jobs and their income exceeds income who has a permanent job since joining bitcoin or cryptocurrency, and because of that I am here because of them and I am very happy because besides having a permanent job, I can make bitcoin a promising additional income.
of course what really feels is the campaign program, where we can produce coins or tokens for free, by participating according to regulations. of course after getting capital, there are many ways to develop it, maybe you can open a real business, minning, or you can also trade. of course now they are no longer unemployed |
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Still I won't change my idea about Bitcoin and will still continue to use it even though the guys words hurts me a little.
It shouldn't hurt. In fact, some times I feel sorry for people who are so close minded, because they are the ones losing out, not we. You should feel strengthened that Bitcoin is subjected to so much skepticism. In most cases people are salty about not having bought in sooner. Instead of utilizing the current bear market, they continue to talk about how it can't work. Little that they know, they will feel even saltier in the next couple of years when we reach new highs. People's main problem is that they think the initial stage of revolution is over, but it's far from over. We barely made it past our first obstacle and the second one is quite literally too distant with how this speculative phase won't just come to an end. Markets need time to mature, so does Bitcoin. It doesn't happen all that often to see a new shift in technology or money that could change the world. Instead of enjoying it, people fight against it.  very well-said. i feel sorry also to people who are being negative towards bitcoin or crypto or blockchain. if only they knew the benefits that they can derived from using cryptocurrencies, i bet they won't be saying any false statements towards this technology. but i believe, they will realize sooner or later about the amazing benefits from this technology and noticed that their perception was totally wrong. but i suggest, if people really don't know the concept behind a particular technology, just make sure that their statements will make sense or they will be perceived as the laughing stock in the community. I guess everyone here is knowledgeable about how useful Bitcoin can be. But humanity is not ready for it. Today most people can not understand the meaning of electron money. As the technology progresses, cryptocurrency will find its place and develop. What does electron money means, btw? You should have to consider that most people will not agree or accept the new technology as they were so fed up with their old school style but if some of them happen to educate themselves to learn what is this cryptocurrency. They might change their perspective of how they see this new technology that could actually help them in the long run. every time there is something new, of course it takes time for adaptation, for those who are still comfortable with the conventional system, of course they will reject it because it can disturb their comfort. but keep in mind the world is always developing, so we must follow it. of course the government will also look for solutions to maintain its economy |
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Most of the people who are investing in cryptocurrency want to become rich but due to market situation sometimes it is impossible for them. To become rich they need to have patience until their desired target is reached, not holding they need to invest in potential coins which has huge developments will help them to make some decent profit.
it's not easy to get rich here, we have to go through several educational processes. even large amounts of money may not bring good luck. with experience and patience and also a good strategy, will bring success. besides that psychological resilience is needed to deal with markets that have high volatility |
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In my opinion, those with a lot of money will be able to control the market and come up with strategies for the future perfectly. Our decentralized market will often face many legal incidents and black organizations can always manipulate the market comfortably under anonymous wallets.
This is a real problem and I'm wondering if the decentralized market can last long?
I think a lot is not perfect, in my opinion still needs news to influence the mindset of other investors, so that what is the goal of the big investor can run well. but I think the more bitcoiners develop into a lot, then I think the control of the market will be more difficult, because the volume has spread |
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Yes it's possible for bitcoin to become worthless, if someday the bitcoin price dropped to under $10, i'm sure people will stop using bitcoin anymore. Many people will leave and it makes the bitcoin price more low and low, soon the bitcoin will be worthless. I hope these things will never happen though.
I think what you imagine will not happen, we see the world of technology is always developing and providing human needs in a practical way. of course with the presence of bitcoin a new discourse for the transaction world later. and I think the pros and cons at the beginning of the process are common |
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But I think not all banks having the same perspective on crypto there are some other supportive on crypto.
No bank is going to support crypto when it was created with the intention of destroying them and there are many conspiracy theories says that all the banks in the world controlled by certain group of people so all banks will just have same opinion about crypto currencies. between banks and crypto have a contradictory system, for now, of course the bank seems to reject crypto to be used as a currency. moreover every user has their own wallet that functions like a bank. but with the development of technology, of course we hope for collaboration between the two in order to walk together |
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Maybe this is because of the differences in characteristics between men and women, basically women are more comfortable fulfilling the main obligations in the household as housewives rather than careers so they tend to be reluctant to go into this world. On the other hand there are fewer time constraints for women because they have to focus on taking care of the family.
From this, you have a point. Women are most stable than men. They prefer to do their priorities like what all most women do than to have been involve in some other task like this in the crypto currency community, because for most women, the real world is what they much prioritize, like taking care of their families and other stuffs that women should have to as a light of the house. Engaging in the crypto currency community is what most men are tend to do. Exploring and making further analysis of the things around outside the real world is what most men wanted to do. besides that more entrepreneurs come from men, that means, a man has more speculation than women. we know if a woman already has a child, of course their time will be limited, so it's hard to spend time here. What's more, a woman prefers things that are real, so they seem to think realistically |
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I think every project has its own calculations. with that much hardcap, it certainly makes investors doubt to invest, because it will take a lot of time to reach it. on the other hand if the softcap target is within normal limits, it will certainly be a positive value in itself, because by achieving softcap, the project can still run
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economic effect? of course with the existence of bitcoin and other crypto currencies have a positive impact on as many people as possible in their economic lives, although some of them do not suffer a loss. profit or loss is an economic impact.
but I think their prosperity will occur in 2017, where if the country has legalized crypto, and many of its citizens are bitcoiners, of course the country will prosper. for example, if there are many people who are suddenly rich, then the economy in that country can run smoothly by involving many parties |
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I'd love to use my Bitcoi. But then again, utility companies don't accept bitcoins, groceries haven't heard of bitcoins even my insurances don't give a damn about it. I mean yeah internet related transactions are good but I don't have any transactions over on the internet. But like any other fiat, you can always invest on them.
This is going to be the case for some time but I really think that things are going to change in the next years and decades, adoption is not something that you can force out of people, they do not see the reason for adopting bitcoin yet but they are going to see it in the future when there is an economic crisis and they understand it was because of fiat currency. Yeah adoption will continue to happen, and you can't use someone to use bitcoin for currency. in fact bitcoin can be used for many things, and that's good because it's multi-tasking. so the point is no need to make a fuss about using bitcoin, because everyone is free to use bitcoin for anything Well, adoption keeps on increasing as the need for bitcoin and acceptance all around the world is going high. Bitcoin as a mainstream currency takes time to reach the global market. As of now very little people are aware of bitcoin in comparison to the fiat usage globally. The problem with bitcoin is on government regulation in many emerging country. Beside that, many country regulate bitcoin as commodity not as currency. I am agree, bitcoin need more time if we want to use in merchant as currency. Definitely, Bitcoin needs more time to work its way out in order to be used by many as a form of currency. Every country has a different perception about Bitcoin and that is why the governments accept Bitcoin whereas others don't. But with time as more developments set in the Bitcoin Blockchain such as the Blockstream Satellite development which will enhance offline transactions with Bitcoin, people will begin to patronize Bitcoin using it more often on the offline mode in purchase of goods and services. to be used as a full currency, of course all countries or most countries must legalize it. and to make it indeed requires not a little time, because indeed every country has their own views. and also every country has different constraints, therefore we must be patient to see that happen |
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in a long journey, an asset will definitely go up and down, and what is calculated is the journey of increasing value from the beginning until now, the decline in value is not seen at all because that's how investors and traders work. but keep in mind that the data says that bitcoin has a significant value growth compared to gold.
I think when something has a selling price value something can have an up and down price movement, similar to what happens in the gold price movement, it will definitely have a price decline and price increases depending on market conditions. but here the difference is that gold is more trusted by many people, so that the movement tends to increase every year, although the increase is not significant. while bitcoin has a significant increase depending on the trend, and whales' willingness for now, because there are not many users, making the price easy to play with |
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I do not see any correlation between bitcoin and inflation. It’s the economy of each country that determines if they experience inflation or not while it is the adoption or acceptance of bitcoin that determines its increase in value.The government of a country can find a way out to or implement policies to correct inflation but bitcoin on the other hand has a decentralized system.
indeed there is no link between the two, but the increase in the price of bitcoin is greater, compared to the increase in inflation that occurred. even though at this time the price is declining, but we can calculate what percentage of the increase in the price of btc from the beginning of the year of creation |
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what I know is that China is one of the countries that has a great influence on the price development of crypto currencies.
therefore it is better if you can make a Chinese crypto currency rating as one of your investment references.
thats a genius idea mate but idk if the exchange can supply a reference like that . one easy way to indicate it is by looking at the value of cryptos . if a crypto is indemand and has a higher base value , many chinese invest on it for sure . bitcoin for example because bitcoin got the highest value among other cryptos . see? there is no need to stress your self creating and analyzing for references . and besides china isnt the only large country that we have . there are still other large countries out there that also influence the price of cryptos . but indeed all believe that China is an influential country in cryptocurrency, for example last year when China banned bitcoin in its country, there was a very significant dump, even though prices surged eventually. I still remember that time. means that China is in the ranks of the top countries whose citizens have many btc |
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if the price continues to fall uncontrollably this can make the confidence of prospective investors can be lost, this should be anticipated by market participants by making large-scale purchases, to be able to raise prices so we must jointly participate to be able to make the investor grow ...
what can we do so that large-scale investors can buy crypto? certainly not an easy thing for that, need a big news that can support their beliefs. on the other hand the current price decline is due to negative news that keeps popping up, making people panic. but we must be sure that the future of crypto will shine later |
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if more merchants use the bitcoin as a mode of payments we can expect btc as the main form of currency it all depends of demand for cryptocurrency as mainstream currency
It's what we are hoping, that will bring real adoption and we will no longer see a pump and dump situation. In the current market, BTC has been dictating the alts so if we can make BTC stable, it will bring good price to the entire market. but unfortunately nowadays crypto usage is still minimal, so we have to wait for your hopes to materialize. but with the development of technology, many expert economists predict that crypto is the solution for future payment instruments. although on his current trip there are still many obstacles |
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