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Agree: diversify your investments to avoid harsh looses.
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The collapse may last for at least Q2-Q4 2019, or it may take even more, but it doesn't necessarily mean the market will go down essentially compared to where it's now. $3000 is a good option to buy with a goal of 3-5 years.
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Yes, we still believe in btc and cryptocurrencies. The best of them will survive the winter and become leaders in the next bull run.
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Bitcoin is a religion as much as any other form of money. Btc is no different in this sense!
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Not always holders lose. It depends on what you hold and the period. If you hold something valuable such as btc or eth, you won't lose in the long run.
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Okay, there's no guarantee. That's for sure. That's true. But it's also true that the probability of one more bull cycle is extremely high. Extremely. And that must be taken into account.
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All hype is now gone...a good time to enter the crypto market!
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Yes, that's partially true, but the market movements depend more on ordinary buyers that could either sell or hold and prolong the bear market:) As long as whales' bags are not filled, the bear market continues.
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That's a false statement to declare btc "worthless." In every bear market, people say btc will go to 0, in every bull market, people say btc will skyrocket to $1 million.
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Statistically it is very exciting bitcoin, when prices really fall. People can be hit by it, but the process from year to year is very real bitcoin growth. So, when low prices like now are suitable to put money to invest.
Generally, btc is growing, so any price is good if we assume the next bull cycle will happen and raise the price to a new high. The price of 3000-4000 is excellent to enter! |
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It is estimated that there are over 2000 Cryptocurrencies and more are being shuned out steadily.
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
On the other hand, I see that Binance, for example, claimed to accept only the best project without fees. If other major exchanges follow this example, it will really helpful for the industry. |
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Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Most volume is still focused on top-10 exchanges that create liquidity. Small exchanges may be good for some specific altcoins, but it looks to me that the appearance of small and medium exchanges doesn't affect the whole situation. |
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
I think the indicator that caused the decline was not only FUD, but with several episodes that caused the fall of bitcoin by the actor. and we can see from the case that happened to the bch hardfock. and the accident happened bitcoin experienced a very big correction, currently the value is $ 3K. well here is fud working accompanied by a big actor They are called manipulators. They manipulate so that they can make a profit. We are all very difficult to avoid because they have very good financial abilities. All we can do is wait, we have to be patient and take advantage of every momentum that is in gaining profit. News sometimes works, and sometimes not, so it's hard to understand whether this or that portion of news will be followed by the dump or pump. Only the news that is supported by money works. |
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I am a little doubtful that what I wrote is worth it or not, but this always comes to my mind and wants to ask this,
I have read several topics here that the drop in Bitcoin prices sometimes occurs because investors experience panic and sell their assets after reading the bad news circulating, and here I have thoughts what if a crypto community has the intention to raise the price of Bitcoin and other crypto by spreading the good news about bitcoin and also introducing bitcoin and its usefulness to the wider community?
Will it help to increase Bitcoin prices?
I think the indicator that caused the decline was not only FUD, but with several episodes that caused the fall of bitcoin by the actor. and we can see from the case that happened to the bch hardfock. and the accident happened bitcoin experienced a very big correction, currently the value is $ 3K. well here is fud working accompanied by a big actor FUD is working, but the other problem is that almost everyone that invested at 5k+ was caught by hype and was chasing fast profits. When the price has been increasing for 10-20% each day, there was total euphoria, and everyone thought "why to sell if tomorrow I will sell for a better price?" That kind of thinking ruined may newbie investors. |
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The decline is something that must have been quite easy to predict by experienced traders and people in the field. It's impossible to only grow without stops. 10 months ago we had almost the same price levels as now, so it's an expected correction. The bad thing is that most of us jumped in on hype without any consideration of the real situation in the market.
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No one wants btc to die. But why should it? Prices are falling day after day, but we are in a bear market. The situation isn't critical, so hopefully, the sun will start shining again soon.
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Certainly there will be times when bitcoin will go up again in value. Maybe it will be several years from now. And there is no point of panicking. Hold as long as you want and as long as you don't need the money yet. But if you really need your money then never wait for it drop too low and be back up maybe 5 years from now. It's a long wait if you really need your money, even a year is very long for someone who wants it for immediate need. So if you really need your money never store it in bitcoin otherwise you can do so even if it takes a hundred years and let your heirs claim it for you.
Yeah, keeping money that you need for life in crypto is extremely risky. It's simply not possible, especially in a bear market. It may take a few years to return to the previous levels of 20 000. |
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When the price dumps, you need to stick to the chosen strategy if you have one. Don't fall in the trap of misbelieving created by people that don't know the history of btc. You can either buy more or try to trade and increase the number of coins at stake.
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Mixing religion and finance is ridiculous. Crypto market is a zero-sum game. Losing money means only one thing - someone gains as much as you lose.
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All assets go down from time to time, so btc isn't different in this sense. I think that btc is a great saving for our kids and future.
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