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Invest if you are new to crypto. Learn technical and fundemental analysis, do paper trades, involve yourself in chats and forums like this.
Then maybe you can take a stab at trading. I would stay away from margin trading.
Best of luck.
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I would have to agree, unless it breaks the top trend line coming down from 19k, we will most likely see it go lower.
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The best case scenario is that you get into the pre-sale or private sale of an ICO. You get the coin at a discount of the ICO public sale price.
Buying during the ICO stage allows for the greatest profit, but it does include higher risk of course.
If you are more risk averse then wait until it hits the exchange.
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He could have said it will go to 100k, it has the same merit.
It is too hard to predict, the thing that drives this market is the constant belief in the value and the progression the blockchain technology will bring.
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manipulation + panic + FUD and there are lots of newbies who wanted to get rich over night so they FOMO bought. now they are panic selling. Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
it is not BTC along others. it is BTC dropping then altcoins following it down with a nosedive. I think this sums it up. Bigger players manipulate the market in the direction that favors them, this triggers panic selling by those that bought during rise. Its a very familiar pattern for crypto, and one we will most likely see often in the coming months and years. Bitcoin has a history of crashing and recovering even stronger, just hold and wait. |
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How are you handling your portfolio? How much are risking in % of your portfolio in short term gain vs. Long term gain?
Mine is 100% long term. I think it is better to avoid day trading and marging trading. On average this strategy gives the best return. If I had a bit more capital I might split it 90/10 or 80/20, to increase my upside. |
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Bitcoin has spectacularly 'died' several times
📉 - 94% June-November 2011 from $32 to $2 because of MtGox hack
📉 - 36% June 2012 from $7 to $4 Linod hack
📉 - 79% April 2013 from $266 to $54. MTGox stopped trading
📉 - 87% from $1166 to $170 November 2013 to January 2015
📉 - 49% Feb 2014 MTGox tanks
📉 - 40% September 2017 from $5000 to $2972 China ban
📉 - 55% January 2018 Bitcoin ban FUD. from $19000 to 8500
I've held through all the crashes. Who's laughing now? Not the panic sellers.
Market is all about moving money from impatient to the patient. You see crash, I see opportunity.
You - OMG Bitcoin is crashing, I gotta sell!
Me - OMG Bitcoin is criminally undervalued, I gotta buy!
N.B. Word to the wise for new investors. What I've learned over 7 years is that whenever it crashes spectacularly, the bounce is twice as impactful and record-setting. I can't predict the bottom but I can assure you that it WILL hit 19k and go further beyond, as hard as it may be for a lot of folks to believe right at this moment if you haven't been through it before.
When Bitcoin was at ATH little over a month ago, people were saying, 'it's too pricey now, I can't buy'.
Well, here's your chance at almost 60% discount!
With growing main net adoption of LN, Bitcoin underlying value is greater than it was when it was valued 19k.
Awesome to see, thanks for that. I have been holding on, but I agree with you that it tends to jump exponentially higher after the dump. Would be great to see it return to 19k and higher. It may take some time, similar to the lull period we had between September and December |
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According to you . if in the current time, what do you do when bitcoin decreases current price? do you sell or hold and buy bitcoin again?
and do you think that bitcoin prices will rise in the near future? give your opinion and your reasons whether bitcoin will rise or even drop drastically?
Take a look at May-July 2017. There was the same situation imo. Ofc it was caused by the 1 Aug fork, but still the market was corrected after so huge growth. And after that take a look what happened at Sep-Dec  Its true, we might be in for a similar period that we saw between September and December of 2017. Safest bet is to hold your investments. If Bitcoin is coming down, at a certain point where you can see the resistance (buy support) it can be worth to slowly buy in, meaning buying more btc in small chunks as it nears the support. I do not see Btc dropping drastically, will only happen if the crypto space completely abandons it and uses another cryptocurrency as its "gold standard" (to which it pegs its value). |
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Am I late for the ico ? I saw 57000+ members in telegram , that's amazing.
Yea the community has grown quite large! I believe they ended registration for the public sale quite early, on January 21st due to the amount of applicants. If you are still interested in the project, you will have to wait for the release of the ABT coin on exchanges, which I believe should be Q2 2018. |
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It's beyond my expectation that Arcblock will make a hit in February. I suggest everyone should pay with ETH rather than CMT. Personally i can vouch for this project
I hope they will. Let us see what will be the value of this project once it hits the market. I demands will be high. There is a lot of interest and hype around this project, the community is large, so it will be interesting to see how this project develops further. The concept, while simple, could be very effective. I am most excited about the fact that they are trying to make the crypto space and the blockchain more accessible for mainstream users. |
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We are just in a down period, lost of negative news and a lot of panic making by fake headlines.
Many of the newcomers to crypto are falling into the trap of FUD, and making bad decision based on inexperience.
Just hold on, crypto moves similarly to the business cycles of a company or a country, with booms and recessions, but on an ascending angle.
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Yes that is true. Panic selling and mass selling of cryptocurrencies really hurts the value. Not only that, but because of the decrease in value they are putting traders and investors at a very disadvantageous and messy position. I say if you don't have the guts to keep your cryptocurrencies when the value drops a little then why the hell have you invested on something with a value that is highly volatile in the first place?
Well the only reason it is volatile is because people panic sell (and due to whales and other factors), if less people fed into the panic, the asset would be less volatile. The main reason for all the FUD, is that a lot of the people that are new to investing in bitcoin, they are not used to the volatility, so they panic and sell, which only further increases the swings up and down. It is of course not great to see 50% of your portfolio disappear, but to be in crypto you gotta keep a cool head, and at times you just need to hold. |
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I believe in the Blockchain first and foremost.
The current age of thousands of coins and ICO's will most likely come to similar end as most companies had during and after the dot.com bubble.
Most likely some of the really valuable and useful coins/projects will stay, those also with corporate and mainstream adoption.
Also a lot of people will most likely end in jail for securities fraud and other white collar crimes relating back to crypto.
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Best thing you can do is just forget about it.
Other option of you have more capital, buy at the lower price.
You are already ahead of the curve, if you are not panic selling your coins.
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I still think the name of the game is still to increase the amount of bitcoin you own.
I know it is sometimes hard to think long term even if it crashes down, it will recover as it has in the past.
You do not have to buy everything at once, say you have 1000$(€), then start investing 250 or even 100 every week, and see how it goes.
That way you average out your purchase price.
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I think it would be useful to have a bank that would provide safety to trading with cryptocurrencies.
So that it would be as easy as it is nowadays to invest in stocks. Just transfer from your normal deposit account to your trading account, instantly be able to use it, and have access to the market through that account.
If that would be possible, I would use that instantly. It would make the entire process so much easier.
A project of that magnitude would be difficult to pull off though.
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The value of Ripple heavily relies on the usage of its networks by banks. The more banks that join, the higher the value gets.
Similar to how Siacoin's value would increase if a large firm were to use its network for cloud storage.
Hard to put a number on that, but with ripple's high supply it might be hard to hit 10k.
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I'm a newbie and have been into crypto for a couple of months now. I must say the advice from other members about not checking trades too often is very good. One can become obsessed with it, and I think the thrill of the "win" can be quite addictive. Similarly that depressed feeling when the world is "red" can be deflating as well. There must be a "happy" medium, if one is to maintain a balanced life.
You are right, it is a very exciting time, and sometimes its hard to just sit back and let your investments work for you. Even though I aim to hold, it is hard for me not to check now and again. Just be patient, and don't feed into the panic good luck! |
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I think holding would be the better here.
So many ICO's and projects are based on the the ethereum network and the erc20 token.
I still think ethereum is undervalued for how much it is used in today's crypto world.
I think its value will grow over time. Be patient.
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Congrats on the gains.
I recently took part in the consensus airdrop. We will see how that turns out.
Even if most of the airdrops are not worth it, there is no harm in filling out a form.
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