Firstly, I will like to congratulate all of us that started last year and today according to my country calendar we are in new year in health and prosperity. I wish all of us traders well.
From all indications the cryptocurrencies market and bitcoin in particular has not seen to be in the bottom yet and the bears are more ready to pull down the price further. We don't even know accurately were the bottom is and according to some speculators bitcoin might go below $3000 before we can see good recovery.
My question is this: were did you think Bitcoin's price will be at this time next year and What are your thoughts and technical reasons why bitcoin will not go beyond $3000? Your views will be appreciated. Thank.
I expect that the market will become bull again in this current year. The trust between users and the cryptocurrencies are now expanding. The demand is noe currently increasing so we should expect that the market will be green again. |
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Trading cryptocurrencies is not for the faint of heart. If you are used to trading stocks and switched to trading cryptocurrencies then you need to adjust your appetite for risk from medium to high. I still have my confidence in cryptocurrencies as there's a lot of opportunities this 2019 that traders can take advantage. This Ethereum hard fork this month alone is an opportunity. Price of ETH climbed 78% from December 07, 2018 at $88 USD to $157 today.
I also still have confidence because there are a lot of opportunities here in the 2019. The trading become more risky because of its unstable prices. We should always have a risk taker characteristic for us to handle the risks easily. |
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The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.
Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
Yeah, bitcoin wasn't made for investment but nowadays it's used for that reason and the fact that it's decentralized coin makes it to be number one. But we have other alternatives too, for example take monero, this is great coin if we want highest anonymity level, there are stable altcoins backed by usd, there is ether which has a lot of functions too. What I want to say is that bitcoin and altcoins have great functions, especially bitcoin has one major big plus, it's decentralized compared to others but people don't care about it, they even choose ripple and as you see it's number two on coinmarketcap. If you check price weekly, you'll end up crazy instead of waiting for win. Bitcoin is made to improve the current payment system, the people have wrong perceptions about bitcoin because they always think that it is a investment. I think it is the main reason why people have doubts in entering the market. |
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Mainly the community and the developers. Because the developers proved us that we could trust them, these people are driven by passion and not by greed.
I can't name any coin out there who could go through what bitcoin went thru (Drama, FUD, forks etc.) all that without having the original creator around, and would still survive.
The bitcoin community have now good relationship to bitcoin. They trust is now so high and it is the reason why they keep holding bitcoin. The value of the bitcoin is keep increasing as time passing by, it is now proven that holding can increase our investment. |
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There might be several reasons as to why a banker hate bitcoins, mainly because the wider use of bitcoins can cause people to stop approaching banks for any transactions and they fear that they might loose their job, Bitcoins has brought a tremendous breakthrough in the history of finance using and transacting finances worldwide. Another reason may be because of the blockchain technology which is decentralized and so no third party can control the transactions other than the sender.
Not all of banks hate bitcoin because of that reason. Actually there are now many news that banks want to use blockchain technology. Even though bitcoin is threat to them because bitcoin of the uses and function of the bitcoin. But they can use the blockchain technology for them to improve their transactions. |
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Hi guys, I just graduated from college and wanted to have a better income but didn't know what to do. I want to find a solution to get around this situation. There are just friends who invite businesses to provide income, and there are also those who invite to invest in cryptocurrencies. If you are in my position and faced with these 2 choices, which one will you choose:
1. Invest in cryptocurrencies
2. Opening a real business
Give me the reason why you choose between the one above
regards
Opening a business is a good option than investing in cryptocurrency market. The market is still bear, it is really hard to make a profit because most of coins are continuing to drop. For me it is better if you will just open a business. |
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Guys, am I doing an academic research for the completion work of my undergraduate and would you like to count on the help of the community?
This questionnaire is fast.
It's 4 simple to ask and you'll respond in 1 minute. Help the community grow academically.
1. Have you invested or are you thinking of investing in an ICO?
2. By what means of communication did you hear about the last ICOs you remember?
a) Forum
b) Youtube
c) Blogs
d) Technology Sites
e) Cryptomeo sites
f) Facebook
g) Instagram
i) Investment and business sites
What do you think is the time to invest in an ICO? Priority order.
the idea
b) Team
c) Market that an ICO will act
d) How much has already been invested
e) Price
f) Support (investors and partners)
3. What do you evaluate when investing in an ICO? Priority order.
the idea
b) Team
c) Market that ICO will act
d) How much has already been invested
e) Price
f) Support (investors and partners)
4. When you invest in an ICO you look.
a) Promotional video
b) Whitepapper
c) Site
d) History of the team and investors
e) Presentations
This forum is the most reliable sources of different ICOs, we can evaluate an specific ICO if its true or scam through to its whitepaper and also the the member of the project. We should be careful in investing because not all of ICOs are real. |
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My estimate is that no one can predict the price of BitCoin properly because it all depends on market conditions. We will see how the market decides where the price of bitcoin will move until the end of 2018.
That's a fair point. The most significant part of this observation though is "Decentralization". The price cannot be predicted in a decentralized model. Many factors can make an impact in the actual price and end up in the green or the red side. Personally, I have stopped reading speculations about the price and try to make an estimate based on historical data. Maybe this is not correct as the chains keep evolving year by year. As far as I know, there is no reliable way to predict the price of Bitcoin, so your own estimations can be as good (or as bad) as any other estimations made by the so called experts. At least there will be no one to blame except for yourself in case of a wrong prediction. I think you are right about evolving, and that's why the situation for crypto is better now than ever before, and we can hope for much wider adoption in the future, which inevitably will lead to rising in price of the most established coins. But that's me, I know that some people don't think that the price should necessarily rise in the case of wider adoption, and I respect their opinion too because only time will tell who was right about these unpredictable, in a scientific way, matters. We cannot totally predict what the next exact price of the bitcoin. The value of the bitcoin is now become so unpredictable and it is due to its volatility. Even I using different tools in technical analysis, I can't still have a right prediction. |
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until now I have not been able to get a 10% profit from my capital, usually I trade on BTC coins, currently looking for profits on BTC coins is very difficult, I will start trading if the price of coins in the trading market has begun stabilize
I think making 10% in trading is indeed quite easy, especially if we have small capital. however, its benefits will not be felt, and you must use a fairly large balance. but, we know, that it is risky. It is not easy as you think to gain 10% daily in trading. Even professional are not always wiining in trading because the market is now become unpredictable. Information and knowledge is important for us to gain profit in trading. |
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HODL is the best option now for all my altcoins. I will keep Hodling till the bearish market is over. Everyone was thinking that bull run will start toward the end of the year, instead, there is a consistent reduction in price. Let keep hodling next year will get better for everyone.
I want to know what you feel, is there still hope for the remaining 18 days before the year end?
Hodl is good strategy but there are many traders who have wrong perception about hodl. It is not just about the patience of the traders, it is about the potential of the coin in the market at a long time. Always look the potential of the coin for you to ensure that it will survive in the market. |
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Greedy is a most effective factor which we should leave because everything is based on the strategy we follow because each will have a different strategy. Based on your strategy you need to wait patiently until the market starts recovering.
Greed is something that exists in every human being and we cannot eliminate it. We can only control it so we have limits where we must enter and exit while we are on trading activities. Making targets and keep trying to follow it, is a way that we can use so that greed won't haunt us. There are people that are so greedy because they have high satisfaction. Yes we can control because we still aware to what is right and wrong. There are disadvantages of being a greedy person, like losing our money; there are many greedy person who loses their money because their decisions are always wrong. |
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On the top of my head, here's a few. - Liquidity: As liquidity is low, big market orders are expected to significantly move the price of bitcoin or cryptocurrencies in general. This is something that will be "fixed" as more money goes into the bitcoin markets.
- UI/UX/user-friendliness: Bitcoin might be easy enough to use for most of us here, but it's definitely not for non-tech savvy people(e.g. our grandparents). Especially with the handling of private keys; I don't think we can expect true global adoption if people needs to backup their recovery seed on pieces of paper.
- Misinformation/Misunderstandings: There are so much misinformation spreading about bitcoin. Namely, "bitcoin is not scarce, people can create forks", "bitcoin is only used for drugs", and many more. There's so much misunderstandings of people in social media and on television; and what's worse, is that they're spreading their misinformation! Causing a sort of domino effect on people's impressions of bitcoin.
Misinformation/Misunderstandings are one of the obstacles of the bitcoin. Like in my country, if they hear bitcoin; they are always thinking that it is using in a bad way like crime and other illegal activities. The misinformation is keep spreading and it is the reason why the image of the bitcoin is becoming more worse. It is true. Actually in my community I changed the perspective of the people who saying that bitcoin is scam and a ponzi scheme. I told them all of the knowledge that I learned about bitcoin and I found out that the misinformation about bitcoin is now bad because it keep spreading in our society. |
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I saw this article today: https://news.bitcoin.com/singapore-regulatory-framework-cryptocurrency-payment-services/ about paying with cryptocurrencies in Singapore. The central bank has finalized the new regulatory framework for payment services and they have included cryptocurrencies. I think this is the future of banking and something that all countries should start doing. The plus of making this change in the financial system is that there will be less money laundering and terrorism financing risks in the crypto world which is good for normal people that have hope and invest in online coins but bad for the ones that use the online coins for the reasons mentioned before. What do you think? Is it a good idea to introduce cryptocurrencies in the financial systems of the world's countries? I hope that there are more countries that will adopt cryptocurrencies. We need a better payment system, I am sure that we can have a faster and better transaction through the use of blockchain technology. |
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If this come to reality, then the barrier against the acceptance of BTC is being remove in phases, BTC without the internet is still an idea that I can not conceive, how will transactions takes place and to create a balance from online and offline trading.
Exactly. With satellites, the barrier of entry to Bitcoin is removed since it will be possible to perform transactions without an Internet connection. That's the beauty of this, where Bitcoin can be transmitted to areas of the world where Internet access is not possible. Satellites would simply broadcast the Bitcoin blockchain to users and include new transactions on the main chain. With this, Bitcoin can truly perform as peer-to-peer electronic cash, as it would function the same way as cold hard cash, in an offline fashion. Blockstream's satellites have already done this, but goTenna has achieved offline transactions via the use of the Samourai Wallet. Which means, that in the future, Bitcoin would not only be transacted across the Internet, but also offline either using satellites, or mesh network antennas like the goTenna. Therefore, this is a remarkable invention that would take the world by storm someday. Just my opinion  I have read some articles in the internet about satellites that can help the bitcoin to use even without internet. If the bitcoin can now use in daily transaction even without internet, I am sure that it can attract more users. |
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May be it is normal to panic when the period of the price fall takes so long. Not to loose all your money one should have plan be and invest money in something else
Yes, it is normal, but we know that many traders and investors become panic when they see the price jumps to the low price and makes them afraid to hold the coins. Right now, I am sure that the investors and traders still trying to hold their coins and not to panic because of the market is down again. They see this is happening before and they know that it is better to stay calm and trying to find another way to prevent the lost at the market. It is still the main reason why many investors are losing their money due to panicking. They can't fully control their feelings and it is the reason why they keep making mistakes. |
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There are now many times that I heard that bitcoin is now dead! Even the mainstream media are keep saying that it is now over, we should not believe them because bitcoin is strong enough to overcome this challenges in the cryptocurrency market.
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I am waiting with lower price of bitcoin or altcoin, with situation of market condition I will keep holding my asset and keep it until price is growing up, many time I check bitcoin always lower and drop price.
With current market it is much better to keep hold your coins and if possible to buy as well as it seems bull run have begun and sooner it can cross 5k as well . So those who want to make short term gains can buy it and book profits before 2018 itself . Little by little the market starts to improve and sees a sunny day tomorrow and the time you buy coins that experience a bad decline to see high prices again. And that is the reason why we should be really cal when it comes to the dumps that is happening. Doesn't mean that the price dumps in the current market, we should be selling our crypto currencies, no it just means that we should be calm and be patient since the price of it do not always pump, it dumps but after always remember that it will be having a pump. Controlling our emotion is very important for us to not make mistake any more. We should have self control for us to always to be calm. Patience is also a factor so we should have patience for us to know when is the right time to buy or sell cryptocurrencies. |
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The reason why it is good because the awareness is continuing to increase because we keep inviting people to enter the cryptocurrency market. The demand is now increasing because of the continuing increase of the popularity of the market.
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If the invesment is for long term investment then I can agree to what he said about all time are good to enter the cryptocurrency market but if investor is going for short term investment then I can say that not all time are good to enter.
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