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Coinmarketcap is a business and their main goal is to make money. It will cost them a lot of resources to go through every single crypto that is listed and do a in depth analysis on each project to determine if it is legit or not. Ultimately the free market will decide what coins are best and there are many alternatives to coinmarketcap if you want to go down that route.
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IS IT TIME TO BUY MORE BITCOIN? Now, the answer. drum roll please!  NO ONE KNOWS WHEN THE BEST TIME TO BUY BITCOIN IS!The best time to buy is yesterday  No one can predict each and every price dip so the smart play is to cost average in your buys so you can take advantage of any price drops if they do happen. It is usually best to not go all in unless the price is stupidly cheap. |
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It doesn't seem like technical analysis or fundamentals has much affect on the price. It really just seems like the price is fueled by emotion and by manipulation.
There are periods where adoption rises but price actually falls and vice versa.
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There is not one particular reason for this recent price drop. It can be fake news to spread panic, it can be some whales that decide to flood the market or it could be an exchange trying to clear out the longs. People are majorly overreacting and every time bitcoin drops 10 percent people make these types of threads.
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If you are going all in on cryptocurrency I would put most of the money into Bitcoin and Ethereum and use maybe $1000 to gamble on low tier coins. But if you want to diversify all around I would split it equally between crypto, gold, bonds, and the stock market to protect yourself but the potential reward will be less.
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My biggest tip is never sell your whole crypto bag thinking you can buy in cheaper. I've seen many people make this mistake only to be left behind when the real bull market begins. I won't be trading much in 2019 because I'm mainly a holder when it comes to these markets.
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Poker is one of the few gambling games that actually takes skill to win and isn't just based around luck. Personally I no longer play much poker because I find it to be too nerve racking. I used to play a lot but I switched over to more sports betting and other casino games. I suppose online poker is a completely different ball game considering you can't even see the people you are playing.
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The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.
Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
Those that go against the mainstream end up being early adopter in new technology and they rewarded financially for it. We have been hearing the same FUD since the early days of bitcoin, this is nothing new. True veterans know that holding is the best play and it is important to never sell your whole stack. |
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I don't keep track so I'm not really sure but I'm probably in the negative for the year. I did have some big wins on a few NBA games but I could never keep my luck up. I hope 2019 is a better year and my luck will turn around. Even if I lose a small amount gambling it will be reversed with the next crypto bull run.
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I would not take a short position as it stands right now. Bitcoin could easily get a green candle wick up to 4.5k-5k in a short amount of time. We've seen this type of movement happen time and time again. Also you usually want to do the opposite of what mainstream media is telling you to do. They are calling bitcoin dead which means you should probably be picking up more  They did the same thing with apple stock, they told everyone to buy at the all time high and now it is down 40%. |
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I never had a problem using MyEtherWallet, just make sure you are always on the official website because there are a lot of copycat sites designed to steal your crypto. If you connect with a hardware wallet you are even safer in case of a DNS attack.
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Every fiat currency on Earth has collapsed at some point. The USD will not last too much longer and gold/bitcoin will be taking its place as the reserve currency.
Once we see oil nations refuse to accept USD for their oil reserves it will start a collapse like we have never seen before.
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I actually think it is good for people here to read other arguments against crypto because they are often bombarded with positivity from other members. The ICO market is still questionable at best and we did see bitconnect steal billions of dollars with their ponzi scam. Hopefully this last year cleared out all the scam projects to make way for real adoption.
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I think too much blame and praise is placed on managers. Ultimately the game depends on the players and the coach won't do much to change the outcome. Anytime a team is going through a rough patch the fans and media are looking to fire the manager instead of blaming the players.
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This sounds great for Ethereum, tokenized stocks on the Eth network is going to make the price rise a lot faster than bitcoin. Elon Musk has always been an innovative idea so this doesn't surprise me much.
The only concern I have is how they will handle lost tokens and stolen stock tokens. It's not like someone can steal a regular stock easily but they can with crypto.
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coin that will easily go 3x - ethereum, XBT, Trx made just about 380% in two days using 20x leverage  Most of the top coins will easily go 3x this year. 3x isn't really a big deal in the crypto markets. By the way congratulations on your leveraged trade. Every time I seem to play around with leverage and get burned badly  I'm staying away from the BitMex casino for now, lol. |
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This is out of your control. You cannot do anything but offering your advice to them that they should not risk their money that they hodl for their living.
Even if they get addicted to gambling, if they gamble with small bets then the impact on their lives will be less and they will have at least controlled the amount of money they play. If they can keep a balance at it they will entertain themselves by gambling.
Your right, no matter how much advice you give someone they will mostly just whatever they want in the end. A few people can be helped but the majority cannot, it is why so many people can't quit their drug addictions. Its really only a problem when people go into debt and start selling off their personal assets such as their house and car. If they are only losing disposable income it is not a big deal. |
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Hodlers have always been right if you go back and look at the charts. Look at how many 80%+ crashes bitcoin has had and it always recovers and increases exponentially.
Just because we are currently in a bear market people like to yell and scream that holding is terrible advice. Granted if your able to day trade and call top and bottoms you can make a lot more money but most people are unableto do that.
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I didn't have to do anything because all my coins are already held in cold storage and a small amount I keep on a hot private wallet. It seems like most people didn't even bother to withdraw their coins from an exchange. It will take another MT. Gox for people to learn this listen, I hope this doesn't happen again but it is always a possibility. Coinbase is probably the most trusted exchange because they are based in the United States and have strict regulations.
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If anyone of you actually want to contribute to this space you should be on boarding new users and be trying to build real platforms that can integrate the mainstream world into the crypto sphere. I still think that current crypto users can be considered early adopters because less than 5% of people in the entire world even own crypto.
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