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In spite of recent market manipulation, the champions of the market see it as an ideal and healthy market generated solution. Like any other technology, Bitcoin also has a hype cycle of its own. The showcase of the hype cycle is people's behavior during starting period when the hype cycle and mismatched expectation are the highest levels caused by cryptocurrency market news and events.
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Based on Bollinger Band and Trendline we can easy see the price of Bitcoin is in downtrend but now BTC have very strong support at $7,100 Opposite, BTC is resistance at $8,700 ; $9,100 ; $10,200 My prediction, the price of Bitcoin will fluctuate in price range $7,100 - $10,200 in 2 or 3 next week to accumulation for new pump on April. What is your opinion? Please discuss together.  Bollinger Bands (BBs) is a simple moving average (SMA) in the shape of the channel rather than a single line and it is used to measure the volatility of the market. Here you have considered the Bollinger bounce which occurs because Bollinger Band tends to dynamic support and resistance level. Bollinger Bands (BBs) Pattern: http://www.fxacademy.com/media/75276/SR-Trend-Lines-Bollinger-Bands_45-1_500x325.jpg |
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All major online advertising platforms like Google AdWords, Facebook, Twitter, and Medium have announced a full ban on cryptocurrency or related advertisements. They claimed the ICOs (initial coin offerings) which they promise easy 10x returns in a short period of time. But the cryptocurrency world is booming a new economy and such bans are not to hurt some legitimate cryptocurrency business.
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The value of altcoin depends on the nature of coin whether it is utility token or just a platform. What is the project is all about, the team behind it and the overall potential of the project.
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Cell Blocks: Creating an Economy for Inmates Within the Prison System. Project wants to cure payment problems exist in prison system. Problems with Payment in the U.S. Prison System: 1- No Protection or Recourse for Inmates 2-Lack of Transparency and Accountability 3- Inefficient and Time Consuming https://cellblocks.io/Regards I agree with your ICO choice, The Cellblock is a token system designed for inmates to fully trust in and the administrations can follow the inmate to inmate transactions in their prisons. Cellblock seems to be not the best but one of the best ICO's of 2018. |
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Its true Bitcoin will destroy fiat money one day in future, for now, it is impossible to predict the exact year of happening. Many people are not aware of that the country government can adopt blockchain technology as we have already heard from the Indian Government this year on budget. This will be game change if other countries start their own digital money based on blockchain like Venezuela's Petro.
Based on the number of an interested country in blockchain technology the value of Bitcoin will increase accordingly but I am not sure that Bitcoin will be used to buy everything by everyone in coming 5 years.
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First of all, it's a smart form of money that doesn't requires cost, time, middleman or government be used to buy or sell things. The major advantage of Bitcoin is the time taken to buy/sell bitcoin for local currency is just a few seconds and Bitcoin is worldwide currency, unlike money.
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Maybe Bitcoin reaches $91K by 2020, it is quite possible for Bitcoin to grow even more considering to past years. If you do analyze the chart of Bitcoin price by year then you will find the price could easily reach $91K price by calculation.
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In the next year ETH will overtake BTC as the number 1 cryptocurrency. I would unload your bitcoin while you still can.
My personal opinion is about Ethereum is never going to take over Bitcoin. Bitcoin will always remain the main coin because the majority of people knows and invested in Bitcoin comparing to Ethereum which is known by only investors and traders. |
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Try #HODL instead of day trading if you show impatience on holdings then the trading will definitely won't work. I give you the advice to invest in a good project for the long-term.
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You must be new to the cryptocurrency world! I can see the Registration Date on your profile 15 January 2018 it has been just three months since you joined this machine forum.(In case you were not involved in other crypto community before)
I just want to suggest you have some patience and wait for at least July 2018 and thanks me later. You don't have to kill yourself for just $25000 wait for a couple of months and your investment will be $50K least.
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No, absolutely not! You can't measure the ICO project success with the number of members from Telegram. The members of Telegram can be easily achieved increased by hiring Blackhat internet service providers they use fake Telegram accounts and add them to Telegram Channel/group by bots.
It can be also increased rapidly by offering bounty and airdrops to Bitcointlk members. Only the quantity of members on Telegram channel/ group doesn't grantee a successful ICO.
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Some people usually buy high and sell low because of their personal needs. suppose someone is completely out of money from his accounts and need cash for daily use then he will definitely think about his holdings and investments. A few people expect for the quick outcome from his holdings which tends them to buy high and sell low. |
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It is risky enough to take down your investments very low if you don't do it right. Do analysis market history and project details before jumping on any coin/token. Anyhow, I won't recommend doing day trading if you are not involved in cryptocurrency world since one year. I prefer investing in any ICO or Coin/Token for long-term for easy profits.
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These days the social media giants Facebook and Twitter have banned advertisement on upcoming ICO's and cryptocurrencies including Google. Governments and social media are actually imposing rules will make cryptocurrency seven stronger. The Wolf of Wall Street Jordan Belfort recently explained there is nothing guaranteed in life but he also said that he is NEVER SURE that the cryptocurrencies will end.
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I’d go with the first option you need to wait until the market recovers. Keep in mind that the market is bearish for daytraders you should follow the crypto trading basic principle of #HODL
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I read some news that Ethereum will get back to 400 dollars.
Do you think these rumors are real? I tend to think yes and I think this will happen soon.
To be well understood, I believe in Ethereum's potential (even though so far I have lost money investing in Ethereum, but I notice that it is still a good project and this will makes it to explode one day) and I still believe that by the end of 2018 it will have an increase of thousands of dollars, but at the same time I feel that it will drop much more than it is now before starting the growth again.
Nobody recognizes what will happen to ethereum on the off chance that it will have returned to $400 or more, or it will tumble down yet yes it is conceivable that ethereum will have returned to $400 in light of its potential. Conceivably that much likely wouldn't occur. They are simply an assessment, similar to the one I'm composing at this moment, however, we should consider that the last enormous drop was the consequence of a few elements, FUD spreading from china's crypto boycott, the beginning of the lunar year in China and so on. It's a condition that we're not going to confront at any point in the near future. |
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