As compared to the past year, the price of bitcoin is still very high. People have overreacted to the price drop because they were overwhelmed by the near $20K marker last 2017. Especially for people who are just new in the cryptoworld and bitcoin scene, they are very much affected by this price drop having experienced the rapid price climb last December. By assessing the price chart, you can tell that the price is still in good shape despite that the trend for now is going down.

Perhaps the only thing we can do is prepare ourselves for impending crises. Even after years of numerous crises, man cannot still pinpoint the main cause of a crisis and we fail time and time again to avoid this. We are likely to encounter one anyway, so its best to be prepared and know what to do once a crisis will occur. History will just repeat itself and even with the experience that people have had, there is still no perfect economy existing.

Wouldn't this be a form of corruption as well? Giving out money isn't always the solution to a problem - especially to corruption. A country isn't corrupt just because it is poor. It all boils down to the system and the morals of a person. Even with all the riches in the world, a country still become corrupt. Offering money to the police so that they won't silence protests or make sure that there is no unnecessary violence in the streets won't guarantee good results; the police may just choose to pocket this money and a clear practice of most politicians.

Most traders have surely taken advantage of the red market that we are experiencing right now. Despite the market crashing and being unstable, it's a great time to start investing or buying in coins when the price is low as it is right now. Buying coins at a low price will give you huge profits once the coin's price will start to climb in the future.

Holding is definitely best for those whose investments are now down in the dumps, because what goes down will always go up and the market will always recover after some time.

The actual experience of playing in an actual casino is different for others - in it's in the interactions they say. You get to mingle and play with other people and according to gamblers, this has made them want to play more. Interaction with other people plus getting to eat and drink at the same time along with entertainment which various casinos now offer. As compared to playing online in the comforts of your home, casinos offer a different feel for its players.

I don't think that the 20K pump was made by the whales. They don't have that much power, however a price dip may be caused by them. The 20K pump was likely made by the sudden surge of buyers when bitcoin became mainstream all of a sudden. Now that most of those buyers are now exiting, the price is going down. Whales are really influential and powerful, yes, but there are still many external factors which affects the price greatly and this is not in the hands of others.

There's always short trading. If you are knowledgeable enough and are able to buy coins at low prices and wait for the right time to sell. With this kind of market and volatility, one would be able to gain profits at a short period of time. Holding is just one of the many things that you can do with crypto, and if you feel like it's safer for you to hodl and wait, then there is no harm with that. Some people prefer to hold because you can lose your money in an instant in short trading.

The recent hype has already died down and those who bought bitcoin during the hype must have felt that they are losing their investments by looking at the price charts now. It's possible that this is the aftermath and process of the bubble going to pop - but it would depend if there would still be strong and resilient bitcoin supporters who will firmly hodl. For those who are seeing the price keep on dropping lower and lower, they must believe that the price will just continue to go lower and will just decide to sell in order to save their money.

To be fair, as compared to how the price was a year ago, the bitcoin price is still relatively high. In retrospect, this isn't the bottom yet.

First Facebook, now China. This may be just another FUD in order to create some negativity for crypto or bitcoin. I don't think that this move would completely stamp out the domestic cryptocurrency market in China. There's still the presence of miners and crypto-users within the country will still continue to use crypto despite the numerous bans. It's fishy that news about bans have been sprouting about lately. It's likely that this has made the price of bitcoin to go down.

To be fair, the holders have already profited, especially for the early adopters, therefore they are not total idiots. In fact, they were geniuses to hold bitcoin because some of them may be already millionares today. We can’t say that does who will hold altcoins are idiots as well because there are those which have the potential to be of high vaue in the future. Not all holders are idiots, but not all holders may profit as well. I think panic sellers are the ones who should be called idiots, or perhaps a lighter term would be inexperienced beginners.

I guess people have been too overwhelmed with the price bitcoin has almost hit last year, and sees the current price now as too low. The hype that bitcoin had the last few months had greatly contributed to the price increase and the demand for it was greater back then. With the number of buyers already dying down, the price has continued to decrease for quite some time already. We can still say that bitcoin's price is still high - as compared to before.

A great trader once told me that you should have extra money to buy coins whenever there is a correction or crash because it's a good time for you to buy. Living by the cardinal rule of buy low and sell high, when the market goes red, it's a good opportunity for traders to buy more coins. Unlike some, they make the mistake of selling once they see red in order to cut their losses, or buy when there is hype over a coin and it's price is rising.

Hasn't the market support level been being tested for a long time already? And hasn't the Chinese New Year preppers been made weeks ago? I think it's been long enough already, and the price has been going down for different reasons. There are many factors which make the price drop. There still has numerous FUDs, and I think the recent bans have something to do with the price going down because Facebook has decided to ban crypto-related promotions.

Initially, taxes are imposed in order for the government to generate revenue and use this for the budget and fund government projects which would improve the nation and its community however it is sometimes abused by the gov't officials. Some taxes are even too abusive and anti-poor, which only hurts the citizens more than it should actually help them. If taxes were to be imposed for earning bitcoin, I think that it would be detrimental for the bitcoin user because it takes out a huge chunk of their income, which is unfair for one who has worked so hard for it.

That's true. Sometimes when an influential politician comments about bitcoin or releases a public statement, it sometimes affect the price because there are many who believe and follow them. Unless that the certain politician is an expert in crypto, then I don't think that their opinion have any bearing. I'm pretty sure that more people from this forum have more knowledge about bitcoin or crypto than some politicians and that their statements are just made for publicity since they are well known public figures.

It’s a domino effect. Once investors or traders (most of the time those who are new) start to panic once they see the price go down and this would result to a dump. It’s hard for one to control their emotions especially when they’re not used to the frequent price fluctuations. Once other panic sellers follow suit, then the price will go down even more and more dumps will be made and the cycle just keeps on continuing.

I don’t think that the market would die once the price becomes stable however it is true that with this kind of market, traders will profit more with this volatility and traders would prefer this kind of market. As of now, it can be seen based on the trend that the price has been fluctuating frequently and therefore it won’t stable just yet. We are yet to expect more price dips or rises because it can be seen that when an event occurs, the price reacts very drastically. It can be said that it’s not yet stable.

I think that there is an auto-sell option in some exchanges so that when you want to sell your coins at a certain amount or fixed price, you wouldn't miss the chance once the price hits this amount and you are not in front of your computer at this time. There are also apps that allow you to conveniently check the price at almost an instant and through your phone, which gives ease to a day trader. Although compared to hodling or long term investment, day trading is definitely takes more time and effort, this allows you to gain profit more regularly.

Nice of you to share your strategy. Personally, I have been doing the same although I have never tried investing in an ICO before. I also allocate my earnings and subdivide it into different percentages accordingly to savings and expenses. It's always good to have your own strategy which would suit your needs and capacity, so it should vary from each individual.


It has been hard for others, including myself, to choose an ICO because there has been numerous scams in the past, and this has made others scared of investing in ICOs or skeptical of them. Perhaps the thread you have shared would help those who want to invest to avoid the ICOs that are scams.


That's true. Many others are discouraged from investing or getting involved in cryptos because they think that you would need to have an investment or large amount of money in order to earn, but in reality, there are many other ways available to earn in cryptocurrency world.

Also, the money acts as an 'incentive' and people feel rewarded whenever they win the game. Not only does it add to thrill and excitement, but this source of entertainment has made people felt that they are rewarded. This encourages to play even more because they want to gain - money has contributed to this. Where there's no pain, no gain so people still play even if there may be some consequences.