My advice to friends (based on experience) 1.Buy as much as you can 2.Buy on the floor, but do not wait for correction or fall. 3.Do not do anything for the price of tetra and dollars… 4.If it comes down to a short time that you bought at a reasonable price…. 5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose If you have any suggestions, let us all know so we can use this experience. Thanks  the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings. Bitcoin and other cryptos are high risk investment advising a newbie to buy as much as they can is not proper and may be disastrous in the long run especially those buying at the peak, recall in 2017 when bitcoin peaked a lot of newbies bought with massive funds that time at that price while relying on speculations that the price will reached $50K unfortunately the price dumped a lot of them sold with a massive losses, while I agreed with the OP on dealing with emotion when trading because it is big challenge for traders especially newbies. Many beginners are trapped in bitcoin FOMO without thinking about the risk of losing. It's best if newbies don't put all their money into investing. I say this because I have experienced it in 2017. where I bought a lot of ethereum at the highest price. I had to wait 4 years for the price to recover. and that's a very big risk. |
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My advice to friends (based on experience) 1.Buy as much as you can 2.Buy on the floor, but do not wait for correction or fall. 3.Do not do anything for the price of tetra and dollars… 4.If it comes down to a short time that you bought at a reasonable price…. 5.If it comes down in the long run and stays that you did not lose in the long run, everything will be cheaper than the dollar. 6.Do not act emotionally… Wherever you say to buy or sell… you are more likely to lose If you have any suggestions, let us all know so we can use this experience. Thanks the first point is heretical advice. buying as much as you can using all your money is stupid. it is a high risk. Better to set aside some money to buy bitcoins and do it more often as long-term savings. |
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There is no bad news yet to turn the market bearish. I think this is just a normal market correction and we get a chance to buy at a cheap price. I am sure that a few days later the market will return to normal and even the bitcoin price will fly even higher and reach a new ATH again.
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Buying every dip is easy to say, but difficult to identify the dip (for me at least!)
Every time the price of bitcoin drops I am afraid of the point that it is going to stop or it will be ongoing for a long time. Looking at charts and trying to make my TA sometimes prove me wrong!
Why be afraid to buy when there is a downturn in the market. If you buy, even if the decline continues. its value will recover. Although we don't know when the value will recover. Every Sunday I buy it and keep saving, no matter when it goes up or down. Because I know that the value of bitcoins is increasing all the time. |
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How about that ?? $55,000 up about $15,000 in around one months time .
I notice a dip in several stocks , could be that the wiser investors are now trading in BTC ?
I sold several ounces of gold ,to buy in a week ago. I'm a happy guy .
The very high increase made bitcoin holders feel happy. this is due to the increasing mass adoption of bitcoin. Even big companies like Tesla have bought a lot of bitcoins. so that many investors are affected to buy and invest into bitcoin |
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what the weak hands thought was profit. If they feel they have made a profit from every bitcoin purchase, they will sell it and want to try to buy it back when the value drops again. But unfortunately, the price reduction was not what they expected, so they bought back at a higher price
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This is an amazing step forward for crypto in the future. Elon musk has brought many people into crypto and bitcoin. The adoption of crypto and bitcoin is increasing. Most likely, bitcoin will be used by everyone in a few years.
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Hello my bitcoin brethren!
I come to you with a cunundrum today. One that's been weighing on me heavy for the past week.
Is it a good time to buy bitcoin, for a not too long term investment? And not just a couple of bucks but rather with a sum that would definitely sting (but not cripple) if the pendulum swings the wrong way.
I know your guess it as good as mine and the whole don't put in more than you are willing to lose and bitcoin is the least predictable investment venue...but perhaps you might know something I don't, especially consider how sharply it's been going up lately.
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.
So yeah, looking for expert, honest, advice.
Thanks!
Before you invest, you must first know about the risks of investing in cryptocurrency. If you want to keep it for a very long time, please buy it. If you are only investing for the short and medium-term, you should look for cheap altcoins and wait for the price increases in the market. I buy bitcoin as future savings. I didn't sell it even though bitcoin went to the moon. |
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With a hyperthetical USD 50,000 would you invest in bitcoin or use the money to fund a margin trading account (the trades will all be made by trading bot handled by signals group with 100% return)
For me, margin trading carries a greater risk than just buying and investing in the long term. I prefer to buy bitcoin and invest. Besides, I don't know margin trading very well.  |
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Just recently SQUAWK newsmaker interview with the CEO of UBER. At first, the CEO said, they are likely don't want to buy some Bitcoin using their company's money and told, "We're going to keep our cash safe. - Tweet" But after that, the CEO said: "Just like we accept all kinds of local currency we are going to look at cryptocurrency and or #bitcoin in terms of currency to transact. That's good for business, that's good for our riders and our eaters" - Tweet. So, what are your thoughts guys? For me, it's likely they don't want to do what Tesla did, adding Bitcoin to their balance sheet, but considering accepting Bitcoin as payments for their services. Seems still bullish for me. Adding bitcoin as payment for their service is also good. this means bitcoin is increasingly accepted and increasingly adopted by the public as a function. not only as a store of wealth. I hope other companies will follow Uber's steps too. |
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Nobody wants to trade on etherdelta anymore, so the site looks like a useless exchange. Nowadays we prefer swap services like uniswap and the like instead of trading on etherdelta and forkdelta which have little liquidity and little volume.
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I remember the 2017 multiple FUDS from China banning Bitcoin and the Jamie Dimon btc scam FUDS and FUDS from everywhere to dip the price so they can buy CHEAPER lmao. You will never get FUDS in a bear market. Isn't this just blatantly obvious. Old school Market Manipulation. I still remember clearly the FUD in 2017, precisely in August when it was before the BTC-BCH hard fork. Nearly everyone is spreading FUD which brings prices down to the deepest. Some people say that the Chinese government has banned bitcoin and most people say that BTC holders will lose the number of assets when the hard fork. Everyone panicked and sold (including me). But now, we don't care anymore about FUD because we all know that the price will bounce back up. Hold hard and don't sell cheap. |
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Currently, owning and holding bitcoin cannot make someone the richest in the world. Because bitcoin is a new investment industry. But most likely, if investors buy a lot of bitcoins and store them until they can no longer be mined and the value is very high, then bitcoins can make be people rich.
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what are you gonna do if u have millions dollars of cash ? are you gonna spend it all for ferrari high class car or invest bitcoin for survive ?
If I had millions of dollars, then I would allocate 50% for bitcoin investment, 25% to develop my own business, and 25% to travel around the world. Unfortunately, I don't have millions of dollars in my life. I only have thousands of dollars from the business I own. |
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The old story that keeps repeating itself when the price of bitcoin reaches a very high price, FUD, and other negative news will spread a lot to reduce the price of bitcoin. then the whale bought a lot of bitcoin and pumped it up again. Someone who has been in the cryptocurrency world for a long time will remain calm and will not sell their assets even though the FUD and negative news continue to spread. even when the price drops, we will continue to hold on because things like this have happened before.
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Bitcoin is one of the strong cryptocurrency and it is the most stable digital coin nowadays. Also, bitcoin is one of the promising investment in digital world. Since, peoples economy nowadays are unstable due to the pandimic situation in the world. Peoples are looking for new source of income to improve their economy. Do you think bitcoin is the best investment choice nowadays to earn money?
in my opinion bitcoin is not a new investment anymore, of course because bitcoin has been around for a long time, and the matter of investing in it can indeed be an alternative for everyone, but all of that will have risks, so we assume we don't really know bitcoin and have never done research before buying. and for us to invest, it is better to do it first, because investing in bitcoin does not mean that you will always be able to make a profit, but it could cause someone to lose in the near future. Every investment has risks. Although investing in bitcoin carries big risks, Bitcoin also has a big profit. Every investor knows the risks that will be taken if the value of bitcoins is dropped. |
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Bitcoin is not recognized in Bangladesh, in a word, it is banned. The Central Bank of Bangladesh Bangladesh Bank has not legalized the use of this currency in the country. The central bank said the transaction could violate anti-money laundering and anti-terrorism financing laws.
Bangladesh Bank also issued a notification in December 2016 warning the people of the country about bitcoin. It said that bitcoin is being traded in the country using various websites and social media, which is not approved by any regulatory body. The use of these virtual currencies is not supported by the Foreign Exchange Control Act 1948, the Anti-Terrorism Act 2009 and the Prevention of Money Laundering Act 2012. As a result, there is a risk of financial loss to the people.
In my opinion, the regulations made by the central bank of Bangladesh are very strange. The people will be jailed if they transact using bitcoin. However, the legal basis for this is using the anti-money laundering law. Even though using bitcoin is not necessarily money laundering.  |
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For the first time ever, Bitcoin reached a new All-time-high (ATH) of $40k per coin. Those who held Bitcoin since 2017 (or before) would've made a lot of money by now. Unfortunately, prices have stalled as Bitcoin is stuck between the $30k - $32k range. It could be the cause of whales buying the dip to pump the price at a later time. Whatever the reason for the price drop, Bitcoin is still much more valuable than what it was a couple of years ago. If the pandemic continues to take the world by storm, we may continue to witness new ATHs in price. All of this makes me wonder, will Bitcoin will reach $50k by 2021? If it does, 2021 will prove to be Bitcoin's biggest year with astronomical returns for early investors. Right now could be the perfect buying opportunity while Bitcoin is still in the $30k range. What are your thoughts? While it is not certain, it is possible to reach $ 50K. We all know that bitcoin value is influenced by market demand and can be manipulated by whales. Nowadays, big companies and big investors have been buying more bitcoin which makes the price increase. As long as they (investors and big companies) don't sell it, the whale dumps will be stuck so that the downturn isn't too dire. and the price will again bounce back up at a point that is higher than before. |
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I doubt it is going to recover or go any higher as long as the lawsuit is hanging around. Though I am not sure what's currently going on with SEC and Ripple (i don't follow ripple), all I know is, they are either going to get fucked and if that happens, the price is going to dump further to almost nothing or your coins might get frozen (I am not sure about this, but I have heard XRP is centralized, and if that is the case, your coins can be frozen).
But there are others will to take the risk. They are hoping the price is going to skyrocket after Ripple wins the lawsuit.
But in fact, today's ripple coin has shot upwards. You can see it today on Binance or any exchange. Do you think this is hype or FOMO? Maybe this hike is normal and will bounce back down. But the XRP isn't dead. In my opinion, as long as XRP still has trade transactions, that means XRP still has a great trust. |
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Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
Elon Musk is one of the influencers on DogeCoin and Elon Musk's tweet has a big impact on Doge's price. When Elon Musk tweets about Doge, Elon Musk's followers will have a new outlook on Doge. In other words, followers can see the quality of these assets through their idols. So that influencers indirectly help build trust in Dogecoin. That's the influence of influencers on the interest in buying a crypto asset. |
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