There is no one who will know exactly, before bitcoin price touch $19.500 there is no one who will be assume that bitcoin can reach the all time high at this year. But, when bitcoin rally there are so many people who optimistic that bitcoin can pass $20.000 before the end of this year.
Honestly, it just need one day to change our prediction, bitcoin price drop to $16200 yesterday and many people predicting that the bull run is over. I don't think like that, bitcoin just meet a correction and so far it is healthy correction. Can you see the montly chart? If you know technical analyst especially harmonic pattern analyst you will consider that the correction will be temporaly and the price will increase again.
As a trader, I just anticipate to the breakout but of course I also reacting to the current price action. Right now the price made a pullback that indicating that the ATH breakout will not yet happen in this month. I really thought that we will gonna see that the price of bitcoin will surpass $20,000 per each before the November ends but the pullback happened where the price been exhausted and for me it is really normal but we should not expect that the new ATH will happen in this current year. |
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So there are now pums and dumps group in discord, there is something fishy because scammers are now transferring from telegram into discord. My advice is you should forget about that pumps and dumps group because it is most likely a scam wherein you can lose huge amount of money. It is better if you will focus on trading by yourself.
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The liquidity and the spread is the most important for me when it comes to trading altcoins, I will not trade altcoins that have huge spread because for me that altcoin is shitcoin where in the buyers are only few. I will just buy altcoins that have low market spread because those altcoins does have potential in the future. Be choosy on altcoins because not all of the altcoins can give you returns.
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This is a nice move investing in altcoins to make profit than mining rigs of your choice. Some of my friends already sold their equipment due to not worthy and not profitable. Investing in the top altcoins when price is not yet high is a wise decisions. As what others been saying, invest on what you can afford because market is volatile. The market is in red marks so good opportunity to shop and hold in your bag.
It was a good decision as long as you are investing in a right coin wherein you are gaining profit and not incurring any losses. I do not suggest mining rig anymore because of the other expenses like electricity and many more. In terms of investing it in altcoins, you just need to have a lot of patience. |
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People have been expecting the dip for over 4 months but didnt come as they expect but I expect a dump from this pump. Maybe the pump will go on into the December festivity. The last cycle showed 4 or more correction before the parabolic. My concern is the depth of dump and time of recovery, The time of recovery will not be long because I feel the sentiment of FOMO must be maintain throughout the year to sustain fund going into the space for the parabolic.
waiting for DIP will make you in vain, correction will indeed occur but not a massive correction, this is a healthy correction, and Bitcoin is already above $ 19k, of course Fomo will come and bring it up to $ 20k, if you don't accumulate it you will regret. It's a long stride and your need money to accumulate but if the money is not enough, try another strategy. These are not investment you can take profit tomorrow, so you might wait months like we have waited and nobody will like to regret in the season of generational wealth.  Acquiring or accumulation phase takes time especially if you have huge fund, you cannot just buy and use all of your funds in just 1 execution because that kind of risk management is not good or I can say not ideal . There is tranche buying in trading and we can do it accumulation phase, right now the bitcoin is currently trending and the accumulation phase already finished last months. |
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If it is easy, everybody should be doing it. There is no easy especially if you are new in the market. For me what we need is experience in order to get knowledge as much as we can that we can use in order to become profitable. Actually, even acquiring knowledge is not easy because there are information that are not free wherein you need to pay first before you able to avail it. The process is always hard but for sure the result will be good as long as we have faith in ourselves.
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Before you can say to yourself that this is the right time to buy cryptocurrency, you have to look at many factors that you need to check so that you will be able to make good decisions as to when to buy and invest in crypto. You can also check with traders as they are always making these kinds of decisions everyday. You can check many threads made by the traders as how they strategize and make decisions as to what to buy and how much to buy in real time.
Never check with traders,,, most of them never share the full picture, they tell you some trades and do not even tell you the precise exit and entry points. They even will not share the risk they are taking. Always do your own decisions and then base the trades on that. Traders lose money, the majority of them. You will likely also. Buy to hold, maybe, speculate with tight timeframes and stops. And emotions, ah,,, try to learn to lose them:) Most of them are just fake gurus wherein they are just posting their edited portfolios to deceive a lot of traders especially the beginners. I do not suggest to listen to their tips or opinions because it will lead you to incur consecutive losses. If you still do not have enough knowledge then do not force yourself to do trading because what you need first is to gain experiences. The best time to buy or to trade is whenever you earn experiences and knowledge. |
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There are always risks but for me the risks are lesser than before especially when we are still in the beginning of the pandemic because the market is full of fear but now we recover and look at the price of the bitcoin and some altcoins; they are now keep rising and for me the market is now full of greed where we should expect that there will be a momentum and we can see a lot of cryptocurrencies that there trend will turn into uptrend.
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I'd say expectations are higher for this year than in 2017 simply because we have already experienced the ATH and since there is a huge price increase at this moment,many people or investors are anticipating the market price to again touch and even break the ATH, unlike before wherein people are almost clueless of how much could the market price be. Many of us are now hesitant to invest at this point because of fear that market price could fall in a sudden without prior notice. There is also a tendency that investors would sell upon reaching the $20k mark, because that was the moment wherein price declined.
The greed is so high where I can say that we are still in the beginning of the mark up phase because there are still institutions or powerful persons who keep acquiring bitcoin right now. I notice that the daily volume is so high compared in the year 2017. The investors and traders are also increased in these past years so for sure that the demand will rise especially when it is now near at the ATH. I'd like to see Bitcoin ranging $30k - $40k next year. |
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Are you expecting that the price of the bitcoin will increase just like a straight line? If you are expecting that then you are wrong because consolidation is a matter and for me it is healthy to see the price of the bitcoin will stop in the moment and create a shallow higher lows. I do not know if the price of the bitcoin will go correction first before it finally pierce the $20K or it will beat first the $20K before it pullback and create a swing low.
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An altcoin is worth investing in if it there are a lot of investors that are patronizing its services and also its product, look at the shitcoins right now where investors are not patronizing it and you can see that its market spread in bid and ask board is too wide wherein its liquidity is not so good. Market capitalization is also a factor so you must consider it before trading an altcoin.
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Of course it's a good idea to day trading eth.You can earn handsome money by day trading. But in order to do that you should have a good Knowledge about day trading or you can loose money.
If you don't have a real job it becomes a great activity but if you have another job it will be difficult for you to divide your time. That's in my opinion. In trading we have easy to handle the each and every changes because we have more options to fix the trade level so once it is reach the enough range automatically it will be trade and store our wallet. But If we need more profits in trading we must check the trade limit in every hour. Number of ETH groups are available in many social media so we must sign up and monitor the conversation is better make a good profit for all the investors. For me what you just said is not good idea and that is one that a trader should avoid which is by listening to the groups of traders because opinions of others cannot help us to make money in trading, we should become dependent only in ourselves where we should do manual trade and avoid rumors and opinions of other people. Day trading ETH is not that easy because mastering the short term time frames are required there wherein the price are so unstable and there are so many fake signals. |
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there'a awhole new ecosystem there, alcoins are a new market but bitcoin is the king, the standard. we are at the beginnig and chainlink will start working out when real money will come in.
the worst error is comparing altcoins to bitcoin, they are 2 completely differents fields: on onee side there is the standard of money, the new refernce in a collapsed system with inflation mechanisms under deep pressure, on the other side, there is an experiment that want to crosschain standard markets and real world goods or services to the blockchain end pseudo decentralized spaces and paradigms.
there is a big potencial but much less trust in altcoin market, but few of them will succeed: zilliqua, chainlink, vechain and few others.
One thing is only sure right now, chainlink has potential where it can survive a bear market because it is now one of the top altcoins right now, I actually bough chainlink last week because of its price movement where it becoming trending again, I'm looking forward to it especially if the the dominance of the altcoin will now increase but right now bitcoin dominance is still rising because of the sentiment. |
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For me it is not about what is better between real estate and bitcoin because it is about if we are being profitable in the certain investment that we are currently doing, why keep debating on what's better if you can make investment in both bitcoin and real estate? Both of them are one of the best financial instruments in order to achieve financial freedom. I have bitcoins but I doesn't have enough buying power for me to purchase real estate and for me it is really good to have piece of land because its value it keep increasing over the period of time. When it comes to volatility, the bitcoin for sure is more volatile so it is the reason why I first make investment to it than in real estate.
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I think it depends on what is currently trending or what is in demand, I can invest my money through stocks or cryptocurrencies but in terms of physical business the idea will depend on the problem that we are currently experiencing. Before there are lack of medical supplies like face mask and face shield where the demand is so high, that time is the best time to create a manufacturing company because you can get huge sales due to the high demand and also due to the high pricing strategy. Right now for me the best investment is in food industry because a lot of food businesses are been closed due to the pandemic and the competition in some areas were decreased and it is the good thing because you can participate in that kind of opportunity.
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Actually I really didn't know that the ATH of XRP is $3.30, it is really high if you will compare to its current price where it is ranging around $0.30100 - $0.30200. The trend of the XRP already transform into uptrend after its months of sideways where for me it is really good because there are possibility that it can go up especially the general market sentiment is already bullish.
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Actually I recently dumped my shitcoins in my old wallet because for me they have no chance to recover, I'm talking about ROI more than -98% so the probability of it recovering is less than 1% where it can considered as impossible. I always make sure that I keep holding potential coins wherein there is guarantee that I will make profit if I will continue to hold it for more than 2 years.
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It looks like history will repeat itself in cryptocurrency, we can see the price of coins in the market, especially Bitcoin which has increased very significantly, 2017 achievements have started to be seen at the end of 2020, current achievements cannot be separated from paypal support which opens access to the use of bitcoin and virtual currency, with that access, PayPal users can buy, sell, or store virtual currency in their PayPal wallet early as 2021, Automatically, crypto users will increase.
Actually history repeat itself is really happening through technical analysis, it seems that what's happening in the year 2017 are also happening in this current year. I'm one of the people who are speculating that there will be a good movement in the beginning of the 2021. A lot of cryptocurrencies experienced long downtrend but now they are doing reversal one each other. My portfolio is now having a lot of gains because there are now a lot of altcoins that making movement where it keep increasing. |
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This can be considered the right time to analyse the true need of people and make ourselves prepared. As people are available online and more have come to know about bitcoin and other cryptocurrencies, surely it'll be better to develop as per the necessity of the people.
Releasing a project by this time period isn't gonna reach people or the cryptocurrency users easily. Whether it is now or then, surely everyone will look for the purpose of the project and the return one can get.
A lot of people are afraid or too lazy to make investment and these are the major reasons why they are still in debt or not achieving the financial freedom that they keep chasing. Actually there are now a lot of opportunities here in the cryptocurrency market and we can get all of it if we will focus on our education wherein we will commit to learn a lot of new things and concepts that can help us to be profitable in our investing journey. The best time to make investment is when we are already prepared to the best and worst scenarios that we may face. |
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It's time to start buying altcoins for alt season sake, with the current bitcoin surge altcoin season will be triggered one way or the other, it's better to buy both top altcoins and under top 100 coins because all altcoins will benefit, start buying and HODL
Do you see altcoin triggered right now? i don't even see that is happening with altcoin right now. It doesn't mean when bitcoin gets a pump and altcoin will be dumped. I hereby say that is not true at all. Sometimes there's a condition when altcoin can still surge along with the bullish trend that's happening with bitcoin. These all depend on the hype and sentiment in the market. It is all about sentiment of the market, like right now where bitcoin is the current crypto that is trending wherein it keep making highs. Look at the movement of the altcoins right now, it seems that most of it are stable but the good thing is there are now few altcoins that are making good moves after the price surge of the bitcoin. For me it is now the best time to get position in altcoins that are worth like BCH and LTC. |
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