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In my opinion, bitcoin is an asset and currency at the same time. Being an asset, because you can gain profit from it thru trading in the market, buy low and sell high, either short term or long term investment. Being a currency as well, because you can use it to purchase goods, services, etc. online and it is already being accepted widely in the whole wide world. I personally think that the future of bitcoin is bright and it will never stop.
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In my opinion, interest in bitcoin is increasing because every single day, they see bitcoin being advertised in social media, most people wanted to earn money easily, but the problem is, most of them don't have proper knowledge about bitcoin, investment, and strategies to use. Mostly have weak hands, their emotions easily affecting their strategy. I was part of a bitcoin group in facebook and I saw that most of the posts there have get-rich-quick scheme and the members of the group are easily attracted with this scheme.
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In my opinion, Bitcoin is really unstoppable, it is still in its early stages of development but we can see the trend of it growing exponentially. It will be a roller coaster ride but having your own strategy and goal with your investment, you will surely enjoy the ride to the moon. Definitely most people will take profit once they reach their goal/target price but it won't stop them to invest in bitcoin again once it hits the bottom to accumulate more bitcoin. It is a never-ending loop.
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In my opinion, both the stock market and cryptocurreny world have great future and if you invest on both for long term, if properly equipped with knowledge on both worlds, you will gain profit from both of it. I personally believe that diversification of your funds and being self aware of your risk tolerance plays a big role in managing your strategy for the future. Studying the chart, knowing when to buy low and sell high, fundamental and technical analysis are vital as well.
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In my opinion, you should invest on bitcoin and accumulate as much as you can not just because of the upcoming hard fork but for long term investment. You should equip yourself with proper knowledge and be self aware of your risk tolerance. Many people have their regrets because of panic selling and weak hands, letting their emotions affect their strategies. If you are for short term gain, knowing the signs of when to buy low and sell high, and studying the chart would help.
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In my opinion, death of bitcoin is highly unlikely. Bitcoin will never stop unless development of technology itself stops. The developmental stage of bitcoin is still in its early stages, more and more people are being aware and interested in bitcoin usage every single day. If you would look at the chart and study the trend of bitcoin's price, although it has its ups and downs, we can see the exponential growth and know that it is pretty much alive and kicking.
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In my opinion, checking the price of bitcoin everyday will help if you are accumulating bitcoin now and take profit after 5-10 years for long term investment. This is one of the reason I like in bitcoin, it never stops and you can watch and trade along with the trend and market volatility 24/7, unlike in stock market which has trading hours. I personally check bitcoin's price daily so that I know where to position and buy when it is low, just like today.
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In my opinion, this is definitely the time to accumulate more bitcoin. The price volatility of bitcoin will always go up and down and sideways. One must know when and how to ride with the whales and exit once profitable. A true investor/trader have different strategies when it comes to investing in the market and is fully equipped with proper knowledge to never their emotions affect their ways. Bitcoin will never stop unless technology itself stops. Right now, just buy the effin dip and watch your bitcoin investment soar to the moon in this coming months!
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In my opinion, if you are for long term investment, buying bitcoin is definitely worth it right now because the price is going down and in a few months after, the price of bitcoin will surely increase. If you are a short term trader, you should wait a little bit more for the price to go down and wait for the signs of the chart going up which will depend on the volume of trades and other studies on graphs being used for technical analysis.
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In my opinion, yes, the price of bitcoin will drop in a couple of days, but this would not stop most of the people in the world of cryptocurrency to invest in bitcoin and altcoins. Surely, most of them will buy more bitcoins on its dip and take profit once the price of bitcoin soar to its full potential. We should accumulate more bitcoin and grab this opportunity and take profit once we hit our goal/target price. For me, my target price is at around $10K which is not impossible to reach in this coming months.
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in my opinion, bitcoin being used for illegal and criminal activities and money laundering is possibly true because the criminals, terrorists, and illegal doers are now getting wiser and have learnt from their own/others' previous mistake. This is not new in the world of cryptocurrency, in fact, bictoin was part of the black market before in silk road in which they are using it for illegal transactions. I personally think that the syndicate world will never be eliminated in the world we live in, it is part of the cycle and balance of this world.
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in my opinion, bitcoin's price hitting $10K is not impossible and we will all be rejoicing soon as it hits the spot. The question when this happens is: Will it be able to maintain its price once it hits $10K? The big whales surely will take profit and probably, the price of bitcoin will go down again maybe at around $6-8K which will be a good opportunity for us as well once we also take profit along the $10K mark. Right now, the best move is to accumulate all the bitcoins you can and wait for the fork to receive your "free cash".
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This is entirely true, in fact, bitcoin growth in the Philippines has been featured in ABS CBN News ( http://news.abs-cbn.com/business/10/16/17/bitcoin-use-grows-in-philippines-regulators-flex-muscle). In my opinion, here in the Philippines, bitcoin would be very beneficial once most of the Filipinos have learned about bitcoin, surely our economy will boost but surely, the corrupt politicians and businessmen will take advantage of it and use it as a vehicle for money laundering. There should be more advertisement and seminars for the people to learn more about bitcoin and make use of it as their investment vehicle. |
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in my opinion, there is no regret in selling your bitcoin as long as you have profit. what matters most in the end is not the opinion of others, but your own goal and your enjoyment in doing what you do. we all differ when it comes to goal setting and risk tolerance. each and every one of us have their own strategy. buying when bitcoin's price is low and selling when it is high to gain profit.
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in my opinion, this might be true because most of them who are investing in bitcoin are business minded and this is their way of doing their business - Always buy low and sell high. What we can do when the big players play like in this case, is for us small players to go with the flow or ride with the wave/trend of bitcoin's price volatility. We must know when to enter and when to overcome greed and exit when you gained enough profit.
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in my opinion, they are selling their bitcoin even if they are losing because of their weak hands, their emotions gets in their way and affects their strategy in investment, fear is also a great factor, it differs on all sorts of people's risk tolerance. Another reason for them to sell on their loss is because they probably need the money for emergency/other expenses such as paying bills, credit cards, groceries, etc. Each and every one of us has a different goal and perception in life.
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in my opinion, there is no "best" time to purchase bitcoin. it all depends on your willingness to enter the world of cryptocurrency, tolerance to the volatility of the market, greed versus your goal/target price. the strategy that I use is cost-averaging method wherein I set aside a certain amount of my salary per month to purchase bitcoin regardless of the price.
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In my opinion, it's like a double-edged sword for both the buyer and the seller because of the price volatility of bitcoin. Better trade bitcoin than buying thins with bitcoin, except with things which will have a value appraisal in the future as well such as properties, etc.
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in my opinion, people invests in bitcoin because of its availability to trade 24/7, also, the people believes that bitcoin's price will soar and they think of it as good investment for long term. bitcoin will never stop until development of technology has stopped.
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