A lot of us who claim to be cryptocurrency expert might be thinking that the price of bitcoin has the high possibility of increasing every ending of each year just because it went drastically high last year December. Well, it doesnt work that way. Every ending of the year does not give cryptos the opportunity to pump, there must be something that must trigger just like last year.
|
|
|
If you are a newbie it might be difficult for you cause you have not experience or have that fear of losing out cause you will always have the feeling that everyone is leaving you behind and you are or might or will loss out if you don't invest immediately. It's a normal phase, even it happens with experienced cryptos enthusiast. You should not let it over take you, you should be able to know what your next action will be.
|
|
|
Before matekting cryptocurrencies use to be sort of easy because alot of people are be reached through the social media like Facebook, Twitter and the few other. But recently that that Facebook banned ICOs , things haven't been easy and shitty ICOs are the cause of this banned. But not withstanding, cryptocurrency forums like this our use for marketing your cryptocurrency.
|
|
|
Well, it could be but there is a possibility of it falling without anything causing it cause the price of bitcon and every other cryptocurrencies are quute unpredictable. And also OP, its a good thing to know that you you remained steadfast even when the price moved below $6k. Many holder where so afraid that they gave up and sold all their coins in fear thinking that end has come for cryptos.
|
|
|
By ten years from now, I believe that bitcoin and every other cryptocurrency will be accepted worldwide. Ten years is quite a long time and also a short time and I believe that a lot of thing is capable of happening. Who knows, preharps, the government might approve bitcoin and many renowned companies, will makes use of it. This is why it is advisable to hold your coins now so your don't regret selling them off.
|
|
|
Like others have stated, it has to do with the coin supply, the cryptocurrencies may be a similar projects but the coin supply may also differs. Also, the amount of marketing and how the developers are vigorously working towards the project may affect it prices. An coin during their ICO may promise and state a lot of things during their ICO in their whitepaper but won't do it, this affects their price.
|
|
|
The reason for this your awkward bitcoin price prediction is not strong and we can't use it to make a standard prediction. And besides, the price you predicted is ridiculously low and I personally don't believe that it will go below $5k not to talk of below $4k though, just like we all know cryptocurrency prices are unpredictable. We should all hope for the best.
|
|
|
Your affiliate business idea is a good one and it will be good if you set it up immediately without wasting time. Though, i believe that there are other community that have embrace affiliate marketing but that shouldn't stop you. If you concentrate your own affiliate marketing that pay through cryptocurrency with bitcoin, altcoins or even the BitWage; it will move well provided you have valid informations.
|
|
|
We can't say that there is a hundred percent success in gambling because, there is a like hood of losing more before you gain. There are some people who couldn't make their success even after gambling for quite a long time and this is because they just play without reasoning or calculating their time and chances of playing. They don't know when to stop but keeps on playing.
|
|
|
It's nice to see this positive vibe in this forum. I hope and wish many cryptocurrency investors will have the same mind set like you especially the newbie whom just started out with cryptocurrency. Many investors do always think that the price of bitcoin will always be high. They should understand that red in the market chart does not mean that all hope is lost but a normal situation and does not require panic.
|
|
|
Like I use to tell most cryptocurrency investors that cryptos wallet and exchanges will not give you the security that you need but you alone have to determine the security of your wallet. There are tested majors and steps which you need to take to ensure your wallet is safe. Things like keeping your private keys safe, avoid downloading malwares that could led to attacks of hacking on your wallet.
|
|
|
Isn't cryptocurrency meant for online payment? Bitcoin and every other cryptocurrency is quite suitable for online payment but that does not mean that it can't be used offline, the passenger and the driver might agree to make the payments but not with standing, the usage of it might increase bitcoin thieves and robbery cause many people can be held at gun point to send all their coins.
|
|
|
Even while their government seems to be busy banning cryptocurrency and ICO...many of their citizens are busy investing, what an irony of life. This is just to show them that cryptocurrency has it larger investor from from the Asia counties like Japan, China etc. regardless of what their government feel or say about cryptocurrency most particularly bitcoin.
|
|
|
Every business and investment is risky and so does cryptocurrency trading, so its not as if it is selectively risky. The more reason why cryptocurrency trading is being regarded as having the highest risk is may not know which direction it is heading to and if not careful, all your initial capital becomes a waste. To trade successfully, monitor the market, trade with money you are willingly to give up, manage your emotions and don't be greedy.
|
|
|
Bitcoin won't dip so much to the price of $3k, don't exaggerate and cause FUD, even if you may feel that the when the price is going is not worth it, then you are feeling to leave and sell off your coins. I personally believe that the price of bitcoin will not go below the price of $5000k because some whales who invested in this bitcoin are always taking majors to prevent a crash.
|
|
|
I believe they both can be very dangerous in their own way because they are both risky for one to borrow to trade is a funny stupid act that is unbearable when thought of because no trader should borrow to tades because of the instability. Gambling on it own can be a good act if only one know how to be a master in his or her game, thos is another way it will be better.
|
|
|
I don't think it will ever stop, its juat like saying and stating that when will fraud or money or internet hackers ever going to stop in the internet. Its interesting to know that some exchange hacks that might be going on are most times, are intelligent games played by the Exchange owners to their users. To stay on a better side, do not leave your funds in any exchange for too long to prevent you from lossing your funds.
|
|
|
Well, I hope this makes the government to understand that not only cryptocurrency is subjected to fraud activities. Its keen to say that there is always fraud in human everyday lives and opportunities should be given to cryptocurrency just like it is given to fiat currency.
|
|
|
OP, this decision to sell is only your decision and has nothing to do with other bitcoin holders or investor, don't come here to create FUDs. And somehow, I doubt this your story, you sell when the price is drastically low, which means you loss your profit. Whoever tell you that the next price of bitcoin will be low enough for you to buy or quite affordable for you to buy, don't be too sure.
|
|
|
It's not a new thing that some government are placing enforcement for bitcoin holders or investors because they feel that is the only way they get involved I cryptocurrency since it is a decentralized system. If paying of tax is the only way to make bitcoin or other cryptocurrency acceptable in the state, then every bitcoin holders have to obey cause they have no choice.
|
|
|
|