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What else can we expect from the government which has been targeting crypto currency for years to undermine its efforts as it would give people control over thier funds which banks control as of now. When they cannot defeat crypto they thought of making use of it by imposing taxes. Terrible thinking which will only benefit corrupt governments.
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Why are we mixing possibilities with prediction? I would suggest you to check it again as it's not a prediction but rather possibility as we are already aware that anything is possible in crypto it may either cross $100000 or even drop down to $100. I personally think figure $100000 is bit overhyped and might not be an easy feat to achieve by 2021.
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Go for Ethereum and XLM because Ethereum has potential to cross $1k this year and XLM might reach anywhere between $0.7 to $1 if we have a similar bullrun to 2017 and moreover Ethereum is considered as king of altcoin and XLM is considered as decentralised Ripple. These two have been in market for a longtime and trustable with proven track records.
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You may consider this as perfect timing to buy top altcoins as the price of altcoins has been through a correction period or else wait for some more time to witness if there would be further correction period or price dump which is unavoidable if whales cashout further.
If you are currently holding altcoins then don't sell it at low rates due to FUD as we might see repeat of 2017 in upcoming weeks.
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No need to panic mate, the occurrence of a dump in the market has become a natural thing, this is only a small correction. Try to see now that the market has started to improve again, in fact this is an opportunity for all of us to buy more because after a small correction the market will grow bigger.
Yeah true we should be using this opportunity for buying it low which was not possible at the beginning of this week due to sudden pump but there are too many negative posts within last 24 hours but as you rightly mentioned it's just a small correction and market will continue with bull run. I have already invested in XLM which I really wanted to do 4 days ago but couldn't do as the price was almost doubled but this dump gave me an opportunity to do it now. |
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Alot of people are waiting for the 1$ mark, and some higher prices. So most people would have been caught by the flash dip. Taking profit is a personal decision such as the consequences also.
There is nothing wrong with people waiting for the $ 1 mark on a good token, because that is the expectation of a large number of token holders, even though some of them were able to make good and clear profits in the past few days. I know there is no hram in holding on to XRP awaiting for a target sell price of $1 but at the same time what if XRP don't reach $1? Do you remember there were users who didn't sell XRP even when it was trending over $3 as they were waiting for the mark of $5 but late the same peopl sold it for $0.3, I would say if you are a long-term investor then there is no issues but if you are short term investors then you need to grab every single opportunity to maximize your profit instead of hanging in for a set target. |
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The market correction of bitcoin along with the entire cryptocurrency has begun. In a days time the market has faced a very big drop in the value. Right now everyone were with the expectation of market reaching its new ath value. Right now Whales will tend to make a big buy targeting to bump the price in a short and profit out of it.
Begun? There is really nothing shows a massive dump coming any time soon. We just experiening some pull back. We never know the future, in the distant future there will be plenty of 50% drops and 200% increases and all that, it is impossible for bitcoin to never have a 50% drop or never have a 100% increase, those will happen "one day". However looking at the near future, it looks like nothing will be done and nothing will really make it go down. If you ask me, we are staying stronger for a while more and break over $20k and try to beat as much higher as we can breaking all the resistance points along the way and build support points instead. After that maybe some things could change but this will take at least until 2021, so there doesn't seem to be anything we need to be worried about at all. You are right as we cannot predict whether we will see a 50% drop or 200% increase since everything is possible and we also know that even if the market collapse then still it will bounce back but we need to stay focussed and start ignoring FUD targeting Bitcoin and claiming it to be bubble as usual which thye do whenever there is a drop of even $50. Just one bad day of few good days does not define BTC or Crypto market. |
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This is a price correction which has taken place and I don't think we need to stress ourselves with this dump as this is not permanent, we should be more focussed on reinvesting into top coins when in order to make most of it when the price started rising back, we need to make a firm decision instead of FOMO.
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It's inevitable as XRP has already increased over 100% and not only XRP hit $1 mark but also break its previous ATH but it's bit early to predict since the value of XRP has been tending between $0.6 to 0.7, it needs to break this barrier in order to speculate further growth, need to observe XRP film the end of this month's. If Ripple crosses $1 by the end of this month the. It will surely March towards new ATH.
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Things have changed drastically over last 3 years and now it's all about profit and greed which will be discussed over the forum as we are missing out the basics of crypto currency it has become like a Ponzi scheme or some lucky draw wherein everyone wants to buy at low and sell at high to earn more profit but least bothered about the technology.
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I am confident that history will repeat wherein Bitcoin will cross the last ATH and set a new landmark figure and only post which we might witness further lumo or dump because we are not sure what would be the bitcoin's peak this time as it might even cross $30k and yeah dump or correction is inevitable but it wouldn't be massive dump lich we experienced in 2018.
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USDT can be considered as USD of crypto market as it's value is equivalent to value of USD and trading with USDT pair is hassle free than accepting USD directly as dealing between USD and crypto directly might put trader under regulatory scanner. At the end of the day it's trader's choice wherein he/she would be trading with the pair which is feasible and more profitable and easier for them.
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No, these are temporary issues which will be fixed shortly and I don't think Ethereum will ever die or become unpopular anytime sooner because it's the most preferred platform for new projects and we might not find a replacement for Ethereum as there were many competitors like TRX and ADA who couldn't even come anywhere closer to Ethereum.
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This does not prove that all the newly address have Bitcoin in them, as you have mentioned we cannot assume especially during this situation when everyone claims Bitcoin to reach ATH as users might relate further pump to newly created address without any concrete proof or evidence.
Even if half of the newly created address have Bitcoin in them then it will still make a difference to the market price.
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I feel Monero might not be able to break it's ATH because now the maket is different than it used to be in 2017 and 2018, so most of the altcoins might not break their ATH and Monero was much hyped which led to massive pump and then it went through correction phase and now it has multiple competitiors in the market so it would be a difficult task for Monero to break ATH.
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No I don't think Stakenet will reach $1 as it has already its peak during July/August this year and it would be high risk move to invest into Stakenet at this point of time wherein there are other altcoins who has not reached peak and hit rock bottom, but awaiting for a pump and it's better to invest in those altcoins.
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You have just expressed my situation and situation of all the bounty hunters, most of the people still thinks it's bounty hunters who are responsible for the dump but they get a very little percentage of tokens that too very rarely as most of the bounties cheats on us by not giving token or changing rules towards the end of project or dumping their already dumped tokens.
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Yes it is possible with crypto but if the amount is huge there will be KYC as most of the exchange have made KYC mandatory so any huge mony laundering activity will send a trigger to the bank, I believe money laundering has been taking place even before emergence of Bitcoin and Bitcoin, other cryptos have been potrayed in negative lights as if it's the only channel for money laundering.
I think we should move on from this topic which has been discussed over hunder times here
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Bitcoin has crossed the mark of $18,000 today and marching towards $20,000 and most probably gonna achieve the mark sooner than expected. Those people who believed in Bitcoin and we're HODling Bitcoin were right as its paying them back and this would be bit difficult to digest for those who sold off Bitcoin out of panic.
I think we will see Bitcoin crossing the mark of $25,000 before the end of this year.
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Insuring crypto is also high risky and has some similarities with insuring cash, coin base one of the biggest crypto exchanges carries insurance for crypto and it's clients. If you can't rely on an exchange to cover BTC you can take Matters in your own hand's.
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