I think the one thing we should all look forward to is the stability of crypto currency. I mean more and more countries and companies are getting in on crypto currency so these money will bolster the price. Banks and other financial institutions are also looking into joining in on crypto currency but is waiting for regulators to go in first.
Many are still doubtful about cryptocurrency because of its nature of being unregulated. Some people would just wait for the approval of the government and then afterward, may consider investing in it. However, due to the volatility, businesses would not risk their profit and would wait from sometime before they consider adopting it when the price seems already stable. |
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Many thought before that bitcoin will die last 2014 when it has spike to a thousand dollars and went back down. Many got frustrated because they lose their investments and some even just forgot that they have coins especially those that are into bitcoin and just left their computer with it. Bitcoin has been killed many times in the articles but then it has recovered and then rise up multiple times than the previous all-time high. I believe it would happen again.
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According to CNBC, federal prosecutors had launched a criminal probe into the cryptocurrencies earlier this year based on suspicions that their price was being manipulated. I think it might be the main reason behind the price of bitcoin dropping to around $4000, but I also wonder whether it could be that authorities are afraid that Bitcoin and other cryptocurrencies are taking over the financial system since they're now so popular.
I guess some people are just disappointed with the price now expecting for it to go up just like last year during this time but then the opposite happened and it keeps going down. With this kind of market, some I believe already gave up and sell their coins with no plans of turning back again. Some panic sell seeing the price continuously go down. With the news about the fork of bitcoin cash, others sell their bitcoin for bitcoin cash to have the free coins and then the price wasn't able to recover. |
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One more thing is the unplanned investment and the clear strategy. Investors now often do not set goals for profit and they let emotion decide everything. That is a very serious mistake.
That is one of the grave mistakes you commit when making an investment or trade for that matter wherein you let your emotions control you so there is a tendency for you to panic buy and sell without a plan so sooner or later, you would just be eaten by your emotions being very confident not taking profit when the price is high and then when the price goes down, there is a possibility that he would just wait for it to bounce back letting the value of his coins getting smaller and smaller. |
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Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires. Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
Yes, you can still earn and get wealthy through bitcoin because there is still time. As long as there is still a demand then you can earn from the movement. Price may be discouraging now but if you still have funds and you are a risk taker then maybe this would be one of the best time to load some coins. Always have risk management and if possible, you should set a stop loss and consider taking profit if you are at a profit because we don't know what will happen in the future. |
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There's still hope for crypto but right now crytpo is in a rough place but we still have hope the crypto will eventually become a bullish again even if it takes years to it to happen.
Well, it is to be expected that there would be people who would decide to just leave the crypto space because many just get in recently when crypto or shall I say bitcoin is doing good and when it is in the rough place now, many would just decide to leave it totally and find another good source of income. It may be the time to buy and then accumulate more if you are still confident that bitcoin would do good in the future. |
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Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?
Either of the two seems possible at the moment. Bitcoin falls down to below $5k and then it seems like the bears are not yet done. There is still a possibility that it would continue to go down or maybe, those who has the funds are just waiting for the time when the market seems like recovering again. The price now is cheap but there is a possibility that it would be more cheaper in the coming days or would be expensive so it would depend on your plan then as to how you would approach the market now so that you can take advantage of it. |
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Every government have their own regulation and i think it just to protect investor from china. Too many airdrop sometimes not good for the price in exchanger and its make investor losing money. Maybe China government want ICOs focus the real project and not giving airdrop to protect their investor from dumping price in market
It is not surprising that they have this kind of move because they are already against cryptocurrency in the first place. Trading cryptocurrency for them is illegal so it would already be assumed that anything that involves cryptocurrency would be illegal for them although it is ironic to think sometimes that there are still mining going on in there. One of the reasons why bitcoin price is always going down before is because of China news and there movement against cryptocurrencies so a news like this would not have a major effect in the news anymore. |
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Predicting whale manipulation is a task that is difficult to be carried out of course if there could be a way out then every trader will be rich by now therefore the best bet is to study technical analysis very well as it will aid and guide a trader on a potential fall or rise in the price in addition to good money management.
It is a difficult task of course but then if you have the determination and willingness to learn it then you can do it. It may not be as perfect as it should be that one can predict the movement of the whales but at least, you would be able to ride some of their movements. One of the things that I have notice is the change in volume. Once you see that a coin has a volume higher than normal or the volume is building up and the price is still consolidating then expect that there will be a big movement sooner or later. |
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Your Professor's hate for crypto is a classic example of hating what you don't understand. As a person with such wealth of knowledge, one would expect that he researches crypto just as he would his academic work. Yes, there's the probability of getting scammed, not just trading Bitcoin, but every other online business out there. But with the right safety measures put in place, you might as well be in this space for years and never get scammed.
Those who were scammed are either newbies in the crypto world or just being reckless about knowing if the transaction they are doing is legit or not. There are even people who would take the risk of being scammed because the amount of money that they can get from that transaction is quite big so even if there is a high probability of losing money, they would just go with the flow and then if scammed, they would just rant and then regret that they get involved in the first place. If you don't want to be scammed then do due diligence first and spend your time first in checking the site and here in the forum as well as to what is the feedback of the people about the site. As much as possible, use the sites that most of the people are using and has good reputation but always check the URL because a lot of them are phishing sites. |
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It doesn't offer easier divisibility unlike bitcoin and fiat currency, so again, gold would still be a worse form of money than bitcoin.
Yes. that's one of the disadvantages of gold over bitcoin because it cannot be easily divided unlike bitcoin wherein you just need to input the value and then voila, you already send the exact payment for that good or service. However, the advantage of gold over bitcoin is that it has been existing since time immemorial and everyone knew it that's why it can be exchanged anywhere whereas when one is using bitcoin then he needs to find someone who would accept it because only a few people or merchants do accept it nowadays. |
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When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?
It is for everyone however, we can still see the huge gap between those retail investors/traders compared to corporations because they have funds so if ever there are opportunities, the corporations or those what we call whales are the one who wold benefit the most. You can still take advantage of it by thinking like the whales in which you would see some signs as to what their next move will be so that you can ride with their trades. |
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Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.
I use myetherwallet and I have no problems with it. As long as you do not share your private key to anyone else or any access for that matter then your coins are safe. You should always be careful when accessing some sites because there are times when you thought it is the legit site that you are accessing and it turns out that it's a phishing site and you end up losing all your coins. Being careful when accessing the sites is the way so that you can manage the risk like always accessing the site through bookmark and not just search it in google. |
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no one can guarantee that market prices will grow at this time even until the end of the year. many experts have predictions that in the near future crypto prices will rise, but they are all illusions. my advice if you want to invest in the crypto world, this is the right time to collect a lot of assets
All is just an individual's guess and we should not believe any promise in this market. Everyone thinks that by the end of 2018 everything will start to rise but until now the market is still in a downtrend stage and will last for a long time before a new rise. It is still not sure if it will last for a long time because there is still a possibility that it will rise. It would be better to load up if you still have funds because the recent dump would neutralize and then there is a possibility that it would rise sooner or later. The market would not go down forever and if you want to have profit still even in the bear market then it would be better to study trading rather than just holding. This is for the risk takers though. |
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Blockchain technology will become the technology of the future, if you ask the public then they don't know and will definitely give a strange answer. Blockchain technology is being continuously developed and believe, Blockchain, AI, Robot, DNA reconstruction, VR, AR, and IoT is the technology of the future and will be a trend in the future...
Blockchain technology is not common knowledge and even me, I cannot exactly define blockchain technology in technical terms because I am not that familiar when it comes to the technicalities of it. I can understand though the basics of how it functions and how it can help in several industries so that their transactions would be efficient and effective. In the future though when people are more familiar with cryptocurrencies then they can easily grasp the term and be able to describe it in simplest terms. |
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It is. But at the same time it is also fulfilling. I have made good and bad decisions in trading. I have earned and lost money in the process. But that is what trading is all about. At the end of the day, I am still thankful to it because overall I am still gaining. Plus the stress in trading are more often than not brought by the overall market condition. Look at the market right now, many traders would rather resort to hodling.
Trading sure is stressful for me because seeing your money go down in value is so disappointing especially if you are excited about that trade and expecting as well that you can get a profit as soon as possible and then instead of profit you would have incur a loss. When you are a newbie in trading, you have so many ideals and thinking that you can get rich in a short amount of time if you trade it right but then when you experience the losses, that's the time you get stressful thinking of ways to avoid losses. |
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I am newbie and some of my friends who are already into crypto market say I am late. This isn't the time to start investments and I must refrain and just research for later.
Do you think the same? Is it really not the time to invest as a beginner?
Price is down nowadays that's why there is still time to invest because there is a chance that the price for the coming days would go up since it suddenly goes down. There is equilibrium and it would be a good opportunity to load up on some coins when the price is cheaper. Do not go all in though because there is still a possibility that the price would continue to go down. You can buy maybe half of your funds now and then reserve the half for later if the price goes further down. Cost averaging is better so that you can avoid losing too much when the price is not in your favor. |
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Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.
If this market is sensitive to news then it would be better to make use of that to our advantage. We can have a news base trading wherein every time there is news-major news for that matter, you can trade base on it whether it would be positive or negative. When it's positive then you can make use of that as a bullish sign and then when the news is negative then you can treat is a bearish news and maybe short it. |
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You should always use stop losses and take-profit orders with one another, unless you're hodling a coin medium to long-term.
I definitely agree to this one if you want to be a profitable trader in the long run. It take s discipline to have a stop loss and take profit order because there are cases wherein the coin might go up again after you sold it and it would just make you regret that you set a stop loss. The same would apply to take profit wherein there is a chance that the price would continue to go up after you take profit so when your greediness strikes, you will most probably regret it. However, there is a tendency that the price would continue to go down or the price would go down after you take profit so that would be the time you are glad that you had that order. If you want to be a discipline trader then it's better that you have these orders. |
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