If everyone thinks it will be the same as the last period it will.
Why? because people are all anticipating the same, placing the same trades and thus making the market react accordingly.
Since we have many inexperienced traders I do believe we will go to the moon again.
Self-fulfilling prophecy. There's a good chance that could be true. I for one don't see BTC following the same path as previously. I think the next high won't be as high and that the market won't go sideways for a whole year, there's too much development ongoing for that to occur. |
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I for one will continue to refuse to use anything that Facebook gets their grimy, privacy-invading hands on. Sure, this might be another example of blockchain technology going more mainstream, but you can absolutely guarantee that if you use this, your addresses and transactions will be added to Facebook's ever growing profile of information on you, and then sold to highest bidder with absolutely no regard for your privacy, anonymity or security.
Agreed, but the majority won't. Even in the wake of all of Facebook's scandals they still see near record levels of traffic. I for one deleted facebook following all such events as I don't like the idea of someone manipulating my decisions in some way. I do still use whatsapp but it's almost a necessity and I feel that there's more safety in that. |
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With the current price relative to mining cost it's not a good time to invest in any mining equipment. You're purely banking on a price recovery and if you wanted to do that you might as well just buy bitcoin itself.
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TLDR: don't trust anyone offering you a fixed rate of return, if it sounds too good to be true then it probably is. Great advice but very much over-complicated here.
A fixed return is possible if the creditor is absorving the risk. Creditor runs risky investments using your money, but gives you fixed returns in exchange for lower yield. This is fine as long as there's oversight over liquidity to guarantee the fund manager didn't lose it all - it'd then become a ponzi. Possible yes, just not the rates that people offer in many circumstances. This post hints at it. If someone could even make only 1% a day, that compounds to be a 3700% increase in just a year and a 142700% increase in 2 years. Why if anyone had a system that could create so much would they offer to let someone else access it for just a small fee or anything else? Anyone offering a guaranteed return of over about 20% (even that is precarious) per year is almost certainly working some sort of an angle. It is easier said than done, thee is no trader in this world that would go a day in a year with consistent profit, we need to be realistics, anyone promising a fixed profit is running a ponzi scam, flexible return is possible provided the person is transparent and discipline, most trader end up losing money and there is a reason fo this, you are privy to all information Precisely, these schemes and models might work great for a few weeks or even a few months but they'll still have bad periods, just like even the very best traders do. Therefore offering a high fixed return is never feasible and is almost certainly a scam. |
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$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.
My opinion is that you can sell partially, and leave rest position for the resistance break level scenario This is always wise, you don't want to risk your full amount in one trade, unless you have a high risk appetite or you're only sitting on a small amount of BTC. In this market I'd never risk my whole stack on one thing happening because it's too unpredictable. |
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$4500 is the key resistance level, that's where I'd personally be considering selling my bitcoin and looking to buy the dip, if the price broke through to about $4700 I'd look to cut my losses. Even if we do break the $4500 resistance I don't expect it to be at the first time of asking.
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TLDR: don't trust anyone offering you a fixed rate of return, if it sounds too good to be true then it probably is. Great advice but very much over-complicated here.
A fixed return is possible if the creditor is absorving the risk. Creditor runs risky investments using your money, but gives you fixed returns in exchange for lower yield. This is fine as long as there's oversight over liquidity to guarantee the fund manager didn't lose it all - it'd then become a ponzi. Possible yes, just not the rates that people offer in many circumstances. This post hints at it. If someone could even make only 1% a day, that compounds to be a 3700% increase in just a year and a 142700% increase in 2 years. Why if anyone had a system that could create so much would they offer to let someone else access it for just a small fee or anything else? Anyone offering a guaranteed return of over about 20% (even that is precarious) per year is almost certainly working some sort of an angle. |
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Look, I think anyone who just outright states that the printing of new money is wrong is mistaken and jumping the gun. I cannot say that your conclusion is wrong because it is highly subjective but it is an intricate debate, there are many for's and many against's in the matter.
One bank. Controlled by 17 bankers. Has just taken down the US stock markets with one statement. It's not simply about being against "printing money".... It's a completely insane system controlled by a little over two dozen people. 7 billion people on this planet will have worked all day today and will work for 40+ years of their whole lives simply to make the FED and their friends wealthier. That is insane. No doubt it is insane the level of control and influence they have over the world and all of those people's lives. BUT, that does not mean that there isn't an argument that it is for good. The fed announced an interest rate increase to make borrowing more expensive and slow consumer spending, they do that with the objective of limiting inflation and growth to a targeted amount. If that is the right course or not for an economy is open to debate. But that word is exactly what it should be, debate, debate and opinion. Not black and white. |
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TLDR: don't trust anyone offering you a fixed rate of return, if it sounds too good to be true then it probably is. Great advice but very much over-complicated here.
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Look, I think anyone who just outright states that the printing of new money is wrong is mistaken and jumping the gun. I cannot say that your conclusion is wrong because it is highly subjective but it is an intricate debate, there are many for's and many against's in the matter.
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I'm not sure how we still have a system in which markets are not 24/7. It just seems so outdated to me. I believe it's so that corporations can protect themselves from big market movements, but then again markets still fluctuate in their closed hours because somewhere in the world there's almost always a market open.
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Actually people's learn from mistake. Those mistake I did began, I am realizing now. That's why I want to share it. Perhaps everyone will not agree with me. Every traders have few favorite coins. It's normal fact, but don't love too much any coin it's my logic.
I don't want to mention but I have lost many btc just one coin. Just think it will go more up and didn't sold. In a result price dropped 4X. So I want to say don't love any coin, just sale when you are in profit and go another coin or wait for drop price again and buy it. It's very difficult to recover once drop an Altcoin. One more thing, don't invest your all fund on single coin. It will loss more, who know it will up or drop.
The best piece of advice you gave is in the last line - don't invest your all fund on single coin I believe this is true for bitcoin or any alt-coin. Diversification is key for success. The rest of the advice is true as well it's just not so simple to follow because knowing when to buy or sell is tricky and it's hard not to grow attached to coins you believe in and that provide you with success. |
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2019 isn't shaping up to a 'bullish' year based on what most people believe to be bullish. The likelihood is that if we see any growth it will be slow and painful and completely laced with fear that the market will fall down again anytime soon. Look back to 2015 and you'll see the kind of year I'm speaking of. Beyond that things should hopefully be looking a lot better.
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In a few years there'll only one Bitcoin. Only one should prevail and we all know which one it will be
Agree entirely that only one should prevail, and only one might end up being relevant but I doubt the others will just disappear, they'll always be hanging around in bitcoin's shadow and stealing away any attention and money that they can. I tend to disagree with this view Though I understand your reasoning (and where it fails). Basically, you assume that things will go on as before (which is kind of natural assumption). But they won't. During the dotcom era there were many thousands of startups which were all fake and bogus, just like the majority of shitcoins today and yesterday. They are all long gone, and only a few valid and legit ones have survived (think Amazon here). In a nutshell, I expect all these coins to be gone in a couple of years. Technically, they may not be gone as in delisted from everywhere and abandoned altogether, but they will definitely be no longer relevant in the sense you mean it. Bitcoin is a survivor, Litecoin is a survivor, even fuckin' Dogecoin is a survivor, but the rest of the pack are not going to make it aha, actually I agree with everything you've said. I think our only difference was in timing or interpretation of 'a few years'. I think the scenario you described will almost certainly happen, but I don't think we'll see real change for at least 5-10 years, potentially more. Though I hope you're right and it's sooner rather than later. |
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There's a lot of demand for this and there are already people trying to offer this. I personally know of Monaco and Wirex but there are also many others. So the demand is there for sure.
You'll need something that distinguishes you from all of the others.
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In a few years there'll only one Bitcoin. Only one should prevail and we all know which one it will be
Agree entirely that only one should prevail, and only one might end up being relevant but I doubt the others will just disappear, they'll always be hanging around in bitcoin's shadow and stealing away any attention and money that they can. |
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Just wait, they'll have another fork in a few years when they try to scale blocks too much and some of them realize it's not feasible while others follow the plan at all costs.
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Others have already said who is he so I won't answer that.
He's heavily involved in the crypto market obviously because of Bitmex.
He's most probably a very smart man given his success, so is John McAfee, that doesn't mean either of them are good when it comes to predictions.
If he's been wrong more often than not then don't follow his advice.
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Recently a Canadian bank started offering loans in BTC so if you're Canadian you could be in luck. Either way I would advise against it, more often than not you're going to face unfavorable conditions on any loan in BTC compared to in FIAT and so you'd be better of just taking out a FIAT loan and buying BTC.
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The other things you mentioned also happen in the stock market. When prices are up, people think it's too expensive to buy; when the market crashes, they get scared and don't want to buy something that's obviously on sale. Even worse, if they sell at a loss when the stock they own starts to plummet. The markets are a weird taste of human psychology. Yup, it's a universal thing. Markets are all about psychology, which is why gauging sentiment can be really useful as a trader. I always watch things like the Speculation board, Crypto Twitter, the Tradingview chat, and Bitfinex/Bitmex long vs. short data to gauge what other people think will happen. More often than not, when most people believe something, they're wrong. Like you said, at the bottom people are too scared to buy. At the top, I find people are usually too greedy to sell. It's a whole fear/greed cycle. It is why for years people have had great success in gauging market/group psychology instead of focusing too much on fundamentals. At the end of the day it doesn't matter if something is the best thing ever, what matters is if people believe that it is. BTC could in time fall victim to this, it is one of the most revolutionary things of our time BUT it could be that long-term enough people don't begin to see this, or that they are disillusioned by what they see in mainstream media. |
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