The sudden fall is because of the news about Bitcoin splitting some are panicking for that is the reason they sell their coins. The news about splitting isn't clear yet for me because last time i heard though the pools are in favor of the split but the core developers of Bitcoin are not participating.
Yes some newbies have got panic and started selling their bitcoins as usual.Once again,a great chance for big whales to grab more btc before its price rises.Also,we could see bitcoin price recovering a little immediately after a fall.It is mainly due to the continuation of buy orders since bitcoin has users nowadays all over the world. At some point they need to learn the lesson that bitcoin is at its strongest when facing great pressure, right now is the moment to buy, you could wait a little bit to get a better price but the moment to buy is now, this is not the right moment to sell for the simple reason that segwit is going to be activated soon and with that the price will skyrocket. As of yesterday and today bitcoin price has increased and there is no negative change happening. Negative fluctuations may have happened in the past but they are minor as compared to the success of bitcoins. If you see the rice going down the best option is to hold your bitcoins until price again rises. You can see many graphs on the internet which represent the price of bitcoin at different point of times is past and those graphs clearly show that if prices drop and you hold your bitcoins you will not be in loss as they are not going to drop forever. |
|
|
|
I'm curious if other people are having similar challenges. But,
what is your BIGGEST problem with trading crypto coins and exchanging overall?
Your feedback would be appreciated.
i got really bad problem bro, when i bought some altcoins, it continued to dump and when i sold some altcoins, it continued to pump. i know im still a newbie, but this is really bad and sad lol . You itself knew that you don't have a perfect understanding about the market. So directly don't get into the trading. Learn about the do's and don'ts of bitcoin and altcoins trading. Gradually start with a smaller amount and this will make things better when you go on further trading. Yep, it’s always more safer to enter crypto market with small investments. Being new to crypto trading, it is an act of stupidity to start buying and selling with large values. Furthermore, we should have sound knowledge about market fluctuations and strategies to deal with unfavorable circumstances. As discussed earlier, many people face severe problems in handling emotions. Never let your emotions overpower your mind. Trading is a slow process of making massive profits but it demands patience and courage. |
|
|
|
Obviously, I need BTC to get in but it seems like everything is high right now. Should I wait till BTC is < 2k? Or ETH < 200? I'd like to get in and start trading alt coins. But for me to maximize my profits in USD I need to wait till BTC is at a reasonable cost. Or do you guys see it climbing to 3k in the next couple of months?
I think the bitcoin price is still unstable is still likely to go down or up, but if you have interest to trading with bitcoin can start from now to buy it. I think if have ability to trading it seems no need to wait bitcoin price down. And buying a few bitcoins does no harm since you are gonna trade and you will accumulate bitcoins only, I mean even if the price is a touch high than the expected price but you will earn your profits in bitcoins too so you can easily compensate there. I have been trading a lot and recently bought 0.1 bitcoins for trading too and I don't regret since the price has got up only and I have got some fine profits with my trading too. |
|
|
|
May be just put into your cold storage and wait for the bitcoin pump to occur. Grab the interest that you got as ROI after few years. That would be risk free for sure.
Although I see some posts here that invesment in bitcoin is not risk free I agree with you, because I think we can say it's 99% risk free. But you have to hold your bitcoins for that. If you invest them in a business it won't be risk free at all. Of course, bitcoin is best to invest with least risk of loss. Bitcoin has no comparison in this regard. The longer you hold your bitcoins, the greater are the chances of making immense profit. Keep all bitcoins you have in your wallet and wait till the values go up. Maximum are chances there that values will pump in August. One more important thing, trading is never risk free. You have already made nice profit. I have a piece of advice for you to buy as much bitcoins as possible for you and keep them in wallet. Good luck. |
|
|
|
I first heard about bitcoin early in 2013, an online friend was promoting it and I asked him about it a little, did not seriously consider it or buy in at the time and was merely a "small talk", Heard about it again in 2016 rise and this time I joined in, Missed allot of profit for not getting in when it was VERY cheap by today's standards.
Same is the case with me. I have noticed that in most of case, our friends are those who tells us about bitcoin. May be because friends discuss about making money with each other and make plans together of being rich. Since I am a student, I was studying. My friend told me about the bitcoin. At first I thought he was joking when he told me that you can be a millionaire with a bitcoin. I didn't take it seriously. After some times had I had enough money, I just mustered up the courage and made a mind of gambling and taking the risk. I invested in bitcoin, held it for 4 years . Recently I sold the bitcoin to a trader for the three times to which I have bought. I earned a lot. Now I want to risk more just because of the profit I got from this. |
|
|
|
Most of the gamblers will get greedy if they have won big amount in beginning and at that time it will become very hard to control the greed as everyone will hope to win bigger and will continue to gamble and very few gamblers would be having that quality to control their greed.
You are spot on because greed starts from the moment we win anything significant in gambling. No one in this world wants to work hard for money and when we will with gambling we feel like its the easiest thing in the world. For myself I set my limits like if I reach 50% of the profits of what I have deposited ( 1.5x ) ,I will just cashout my money and not look back for the day. And I won't deposit more than 0.025 in a single day at all and weekly max is 0.1 bitcoins. |
|
|
|
We all know that gambling is not only a fun but also potential danger. So are you limiting yourself somehow when gambling? DO you use casino's instruments to prevent you spending more money?
Or do you just limit yourself by setting a certain amount of money to spend? Or you don't limit yourself at all?
Basically there are two ways, either deposit only what you want to set as a limit for that day or if you get tempted nd just deposit more then basically create one more wallet which you fund via your main wallet and then just deposit from your gambling wallet. I have seen a lot of people make two accounts also on gambling sites like username and username_bank one for their playing and one for their savings. |
|
|
|
There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?
I can't completely accept with your conclusion that trading is unpredictable. If you know what trading is all about am sure you will accept that trading is predictable. If you say trading is not predictable, it means there is no difference between trading and gambling. But there is a great difference between the two. The only thing you need to be successful in trading is a good knowledge of how it works, which I will recommend you Google babypipschool. Gambling and trading both are ways different from each other. It is very simple to explain and to understand the difference in them. In trading you don’t lose all your money while in gambling you have a chance to lose all your money. Trading unpredictability is up to the market like most of the traders may have invested in bitcoin, ETH, Doge or ripple or in many other alts which dropped its price and caused loses to the traders but still they didn’t lose all. |
|
|
|
I do not think that 2017 is the new 2013 for the reason that the situation is very different. There is already several countries that acknowledge bitcoin as money and some even accept that bitcoin is money and can be use to purchase stuff. Aside from the the user base today is different than that 2013. And people are more knowledgeable today than way back 2013. Aside from that, there are already major company that is involved in bitcoin that brings more demand to it.
Yes I agree that the 2017 is not either way a 2013. The bitcoin at that time and now were in a different situation. Today’s bitcoin is the one with a lot of supporters and users with a backing of several countries acceptance as a currency. The bitcoin at that time back into 2013 was not supported by such a large number of users. There are many strong and loyal supporters of the bitcoin who believe in the bitcoin and its future. |
|
|
|
Segwit pump could lead the price to $5000. The hype will be real within one month.
I hope so it'll be in one month but I'm still having doubts on that time frame. Seems like it could lead to the price of $5000 probably by end of this year, but we'll never know it could be after August 1 too. What would be the reason for that? even if the year ends in $3000 it would be remarkable, especially for the fact that the graphs show the sustained growth that lately had, there is still the possibility that the price falls until 2000 or 1500 maybe before it recovers at the end of the year. Yes the bitcoin price is currently down, but I'm sure the price will stay above $ 2,000. It is impossible for bitcoin prices to reach $ 5,000 in a week, a month, or in the near future. To achieve that bitcoin takes quite a long time, so it's still impossible. It's still too far to think of it and maybe I agree if the year ends in $ 3000 it will be remarkable. Bitcoin will reach $ 5,000 that's for sure, but be patient. I am also optimistic about the price of the bitcoin that it will not come below the range of $2000 even if the segwit hard fork goes negative the segwit if went positive it will have a great impact on the price of the bitcoin and if it don’t reach to $5000 it will reach somewhere near to this price. Anyway I am confident that the Bitcoin price will not drop more the 10% it things went wrong. |
|
|
|
I believe a persistent chain split would be a disaster for Bitcoin and will almost certainly lead to one of the altcoins taking over Bitcoin's role. Probably Litecoin as it is the closest cousin to Bitcoin in spirit, which is why I have diversified part of my coins into LTC a while ago. I don't see Ethereum taking over, it's just too centralized and can't scale nearly as well as LTC can. Also Ether supply has no limit, which is a no-no.
I have the same opinion. I'm afraid that the date could affect everything in the bitcoin world. Buying some altcoin as an investment is a good thing, it can keep us awake if the bitcoin price has drastically decreased. Some altcoin does have a good prospect, I think litecoin, etherum, ripple and stellar have the same chance to be top altcoin. Yes, there could be an opportunity for many of the Alts to take a place but I seriously think they still can’t take over the bitcoin. The price of the Etherium, LTC and ripple may grow high but I don’t expect them to counter the bitcoin and its price at all. There are many people currently converting their bitcoin to fiat and to the Alts but still the ratio of converting bitcoin to fiat is high. In my opinion people will buy the bitcoin again but once the hard fork filth is over. |
|
|
|
However is strongly recommended to do your own research before investing any penny.
Yes, OP may get some overview idea from here but final decisions should be taken based on own responsibility along with research and analysis. Because I do not think there will be no need to move away from bitcoin investments as bitcoin is alone having more guarantee to get good returns compared to any other cryptocurrencies. But diversifying must be a good idea but it should be done only by own decisions. |
|
|
|
When you can buy cryptocurrency at a low price and then sell it at a high price then you have successfully done trading. There is no special strategy in trading, for me the most important thing is we can get profit. Because doing a good analysis but only bring a little money then it will not mean.
If there is no special strategy in trading then definitely you will never able to buy at lower prices as well you will never able to sell at high prices. Only through strategy you will come to know when will the high and low prices do happen. I don't think so. You don't need strategy for you to be able to buy low and sell high since it's more on instinct and effortless since you just need to wait so you can buy low and sell high. However, applying strategy would give you a better trades aside from buying low and selling high. How you can be sure the low or high price are occurring and we can make use of them ? Strategies are here to give us double confirmations. Continuously watching may give you some clear idea but cannot be accurate all the times, when you are entering a position by assuming as a low price then after you made the position also, prices may fall further to make you hit stop-loss. I do not mean this will not happen when we will be using strategies, still the possibilities may shrink to less than 25% compared to going without strategies. |
|
|
|
Nice one really put up some effort in explaining it,
Thanks for sharing it for us and informing us about it really helps us, as a newbie in trading.
Don't be fully convinced, in my experiences it would be much better if we are not getting into such practices of manipulations by simply staying away from low volume trading pairs. Simple key is, they all can pump and dump only with low marketcap coins and with the coins which are having low daily trading volume. Instead of risking my capital with those pump and dump way of trading, staying out definitely secure my capitals. |
|
|
|
Or, you could just import the BIP39 seed onto any supporting desktop wallet clients. For instance, copay. Though instead of "import from backup" you'd have to go to create a new wallet, and specify the recovery seed.
i have tried this before, generate a new wallet on blockchain.info, write down the walet recovery seed, and if you ever lose access to your wallet then you could either do it the hard way, go through all the derivation paths etc. or just import it into any supporting bitcoin wallet.
So yes, you can indeed access your coin without having access to the site, as long as you have the correct recovery seed.
Must be the answer I have been looking for. One noob question here : How a seed will be related to all the address which were created afterwards within blockchain.info wallet. (I am aware of some encrypted one private-key format produced 3 to 4 bitcoin addresses) hierarchical deterministic works this way ? And two more : blockchain.info's previous version seed also into BIP39 compatibility ? I have not tried copay, do we have any other wallets with support of BIP39 seeds ? |
|
|
|
No. They really don't care about who you are.
Exchanges only require you to verify your identity because they're required to follow laws that apply to national currencies.
-snip-
Blockchain.info is just a wallet, that doesn't control your private-keys and don't offer you the service of exchanging between USD and Bitcoin. So you and all other users will probably be fine.
No, there are no more just a wallet service provider. They have started exchanging services too. Now we can buy bitcoins using blockchain.info. https://blockchain.info/wallet/how-to-get-bitcoinsI guess new version of blockchain.info is not letting us accessing private key which may in support of blocking accounts and demanding documents ? |
|
|
|
|
I have seen many times such questions about other e-currencies and after one or two days some new guy will come and post about a new "e-currency exchange site" along with a pleasant experiences with them.
Is it normal : a person is aware of these many different payment processors (Payza, Neteller, Payoneer, Skrill, Paytoo) and having balances there but not aware of how to cash out them. Some logical lagging warns us.
|
|
|
|
Mining is still worth it, but dont do cloud mining, it is wasting your time and your money, cloud mining is famous for its scam and there are no exception, so my suggestion is you take that money and invest in other place or buy your own mining equipment
Suggesting to go for actual mining must be a good choice for a any mining aspriant. But we need to make sure for following few things all the times : 1. Capable to reinvest more than 50% of profits into mining so that in long run will able to sustain with mining. 2. Invest based on USD value and should be capable of saving bitcoin (after re-investing) for some times so that ROI in USD may happen in quick time. |
|
|
|
|
Even forex brokers are from different countries and independent, they are binding to obey some community like Forexarmy. They cannot ignore complaints against them for no proper reasons.
I wish bitcoin related service providers to make a consortium where disputes to be handled on higher priority. We do see every where lazy customer care responses related complaints with almost 90% of bitcoin based services.
|
|
|
|
Just ask the people who invested their money in bitcoins last year and who have made huge profits by now only by holding it so even if you invest your money in bitcoins now you can expect the same result after next couple of years and you will not regret for investing money in bitcoins.
In my opinion we should wait until the Segwit issue is over. This is good that the split is out of the context now which is no doubt a good sign for the investors but the Segwit is still pending and the price of bitcoin will be decided after when the Segwit will happen. I am currently changing my Bitcoin to the local currency because I don’t know what results are we going to face in future regarding bitcoin price. |
|
|
|
|
Show Posts
