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Of course panic sell it is psychological effect, but always is starting from mathemathic/statistic calculations or some extremely bad news for the project.
In my opinion the real price of Bitcoin is much lower than what we see on the market today, and the panic sell for Bitcoin is very real.
Psychological effect. with so many issues and drastic price drop. Many people take this action, and this is real. Although from what I see, this is part of the market action to correction the price and restock the supply. When you have no enough information about bitcoin you can easily panic and you will sell with a loss. I would say it's not good because we are here to make money that is why we invested, we need to improve our knowledge as that is the only way to succeed here. Panic selling will create opportunity for smart people because they'll buy cheap. Yes people who are new to bitcoins and don't have enough knowledge about it will easily get panic and will start selling their coins when price starts going lower and in that case big whales will take an opportunity to buy it at cheaper price so even if you are new to crypto world one thing you always have to keep in mind is that holding bitcoins longer will always be profitable. I agree with you that is why i always say just know before you do anything because if you do not know a lot then you can make big mistakes and you can lose a lot and this is about money there is no joking around we need to be serious. |
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Yes you can my advice is to put 4 BTC in to trading in other altcoins and 6 to just save them in wallet in case something goes wrong or you need money you can pull 2 bitcoins out and still have left in your wallet and 4 into other coins.
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The future will be still there or maybe everything will go with cards and you can only pay with cards but that will only happen in country's which are high leveled because the poor countries are already having problems with actual cash.
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No i use BTC to make my future bright i just save it or trade it for other coins this way i make more profit i purely just use and i am in to bitcoin just because of the fact that it can give me money and i need a lot to secure my future that is why.
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Now that bitcoin has reached $1000 it will be a good idea for people to hold on to their btc to maintain the price
or we can just buy more btc to push price even higher
holding bitcoin even at this stage is a good idea. i did not sold my bitcoin when the price cross 1150 in previous day and still not going to sell my bitcoin even if the price of bitcoin will cross 1200 USD level. because i am still pretty confident that this time the price of bitcoin is going to cross every 1600 use level very soon, so i am not going to sell my bitcoin in next moth or two. Nothing wrong with that strategy it seems you are waiting for bitcoin to grow big before you sell, but if you had sold at the top and then bought again at 850 you could have made some nice profits and could be looking at even bigger profits right now. Price is moving in a upward direction and it is predicted that price will be even higher in next couple of months so in that case its good to hold coins but if you bought bitcoins at lower price in the past then it would be smart to sell some of them to accumulate good profits and rest keep for the future hoping that price will be even higher by then. I think it is always a good idea, that if you can sell for a profit, you sell part of your holding in bitcoin to materialize your profits, because if you keep holding bitcoin when there is a price increase then you could say you got profits but they are not going to materialize until you sell. That is true and it's been the problem of many people, all they know is to buy and keep the bitcoins in wallets as in an investment but I prefer to trade it off for profits and buy again when the prices reduces. I think that's the way to go I agree with you i recommend to everyone to start trading because it can give you even more profit than just BTC itself although i find it very hard to understand which altcoin to trust and which not but because of the list i made i can easily know. |
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I just always wonder if those billionaires still invest in btc. Do they even know btc exist?
Yeah billionaires are one of the people who are updated about news, so for sure they already know about bitcoin and its better for them if they invest in bitcoin. Almost billionaires are inrested on investing. I think they are invest on bitcoin to earn more money. And even not billionaires they can invest on bitcoin because they know how much they can get profit once the bitcoin rise up. They can even invest and forget about it in their cold storage and then go about their normal lives as time goes on. The thing is that they have a great edge and if anyone is willing to drop theirs at the value they have presently, they will be so willing to take it. Why do you think the value of BTC is soaring right now, if you think it is the upcoming fork alone, then you are wrong cause so many investors are already declaring their intentions and wall street is going to get huge on this. So anyone who does not have much and could afford no matter how little should better do that now and not end up complaining later on in the future. Yes they do invest in bitcoin and I personally know a lot of billionaire who are investing in bitcoin in my country here is also one the billionaire who is investing in bitcoin and taking a very good profit from it because they have too much money and they are spending a huge amount of their amount in bitcoin and now they are investing in real estate. I believe it too that billionaires invest in bitcoin because i saw a lot of famous people who promoted bitcoin through anything like mayweather and mcafee from mcafee antivrus and i believe they make a lot more than us because they invest a lot more than us. |
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Maybe in the future where the most people in the world believe and invest in bitcoin it could make banks disappear but there would still be people who protest against it like feminists those people will always be here around.
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People scam because they want to earn money fast and they can become very wealthy trough scamming they do not care about the other people who they scam the only thing they focus on is getting the money they could have their own reasons for scamming like debts.
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Yes i personally think that crypto currency's are way better than normal currency's because they are worth more or they are actually more funny take Dogecoin it is worth nothing but why shouldn't you have it it is such a funny coin to have.
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That was expected because why should people not be a criminal in bitcoin? bitcoin is worth 7.2k it should already have like a couple of thousands hackers and criminal after it but the joke is they cannot do anything much if you know how to secure everything very good.
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Yes that dream is becoming true by everyday passes by we gain more knowledge about bitcoin and altcoins this way we can make a lot of money trough not only bitcoin but also altcoins and we know a lot about trading because of them.
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No it would not be popular because it will stay stable people will not make any profit out of it and then no one will invest in it people only invest if they see they can make big profit out of it that is why it would not be popular.
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This is something which I've beleived for awhile, which is the prospect that if big governments and banks worked heavily together they'd be able to remove Bitcoin from the face of the earth. They wouldn't ban it, as that would be a tough thing to swallow for the American people as they wouldn't see a good reason to do that ( at least in my mind here) But they could just go ahead and regulate Bitcoin into oblivion, making it hard for Bitcoin businesses (buying and selling, trading, etc) to operate within their countries, or be subject to insane taxes, KYC AML and such.
Do you think Governments could kill Bitcoin?
Well in my opinion, they could not stop the bitcoin. Even though we know what is the capabilities of governmnet still it will be tough for them to stop it. And even now they can't still found out who is this satoshi nakamoto who is the creator of bitcoin. They can compete with it by just making of their own bitcoin but they cannot replace it. They can easily destroy it if they work together in every country. Bitcoin would fall to zero dollar in no time. Like months ago bitcoin fell to 3k from nearly 5k dollars. This means everything is possible. They can also destroy altcoins by banning them. Altcoins are not that strong like bitcoin. |
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All in in one altcoin is not a great idea altcoins are very and very unstable. Sometimes they get pumped this is when you need to sell them for profit. If you go all in you can have more profit but what if it falls to zero you would have lost all your money i will not take that risk. I invest little bit in everything mostly on the cheap coins because they are cheap.
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Nobody is here for fun we all want money thats why we are here. With bitcoin you can be rich if you sell and buy in the right time. Sometimes you need to quick sell and sometimes not.
Don't panic just save your coins and in the future you will gain a lot of money.
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No one will ever be able to tell what's going to happen to bitcoin, not at that far and that value. Maybe it will reach your said value by a month or so, maybe bitcoin will be gone by next year, who knows.
I agree with you. No one knows if bitcoin is going to rise in the next days. It would be possible for bitcoin to reach that in a few years, but it can also be gone next year. We know that bitcoin unstable no one knows for 100% if it is going to rise very high or if its going to fall hard. |
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Best coin ? Bitcoin is for me the best coin. If you had invested when it was new you were now rich. Bitcoin is also the main coin when you think about coins you automatic thing about btc.
The best altcoin is for me the cheap coins. They are not so worth a lot if you buy them and save them for a few years. You will see that you have profit if you are lucky.
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Its not a surprise for me because i knew that bitcoin has a high potential i did not know that it was today actually but i knew inside me that it would rise very high.
I still think that 50k dollars is possible if bitcoin gets a lot of support. Thats why I am starting to save my coins to sell them in the future.
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I heard that bitcoin is a good investment for making a huge profit in the future , is that right ? Because i want to buy some bitcoin in these days .
It's right. You can see how many people became rich in bitcoin specially for early investors of it. If you have invested in bitcoin way back in 2011, you bought plenty, and you hold it until now, your money would be multiplied by more or less 27 000 times. And I think thats because they have enough knowledge about investing here but my opinion is , if you cannot assure that you can get something from what you invest then dont try, better be guided by someone who knows how or take risk, and its not that easy to be profitable here for you to burn your koney, if you cannot afford to lose then dont try for now, it involves huge amount of money better be serious about it. Yes of course bit coin will give you the best reward of your investment because the level of interest of the investors and the history of bit coin clearly says that bit coin is the best way to invest your money in it. We are looking so many people who has become rich people in a very short period of time. People who have invested money in bitcoins in its early days have already became a millionaire by now but I think still its not too late to invest money in it as bitcoin has a great future ahead and it will become more powerful and popular in future which will take its price even higher so investing at this point can also make us rich in future for sure. We all still have a chance to become millionaires. We just have to trust Bitcoin. It offends me when I see people who say that bitcoin is a bubble. After all, bitcoin gives us a great chance to become richer True. It is still achievable but nowadays we need more money to achieve millionaires club because of btc price. People who jumped into bitcoin train 1+ years ago were much more lucky to achieve and enter millionaires club members with much smaller entry fee i agree, I think bitcoin is probably the best way there is to make fast and a lot of money. That is why bitcoin is so popular right now. So if you want to make some money bitcoin is the right choice. Most people use it because they want to become rich so i fully understand what you are saying. They use bitcoin in order to make a good amount of money out of it. Thats also why its so popular now. If you couldn't make money out of it only hackers would use it then. |
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I also support ETH still. Mostly because of the support of Blockchain. This wallet have added ETH to their wallet. This means you can buy btc and eth where you can trust.
I will also support when it falls down this is the chance for me to invest. I mostly invest mostly on coins when it is falling.
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