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Bitcointalk Username: KennyR
Current post count: 2895
Merit earned in last 120 days: 0
Your BTC Address: bc1qt26hltuf47zhtdnqd7hla9qu8779edaa7ecryc
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I think 2021-2022 will create new milestones for cryptocurrency. If we think of the bottom position, we see that Bitcoin is in the range of 30-45k, so it seems normal to move upwards, not downwards. And Bitcoin will always do this because the number of investors is constantly increasing. So the chances of backlash are very low.
The chances of backlash is very low, and we don't know how market gonna react with time. I've similar understanding as in the above quote. The price will fall low around $30k and further grow in a gradual manner. Connecting with the previous bull market of 2017, I find the year 2022 to be bearish than bullish. Once after 2017 market bounce the falling year also had a big expectation. But, everything happened completely on the opposite way. In such a connection 2022 will be bearish and will serve as an opportunity for buyers. |
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As of now there isn't any exchange/business providing cryptocurrency exchange services through physical stores. Maybe this could change with time. Recently more number of cryptocurrency exchange applications have got launched within the country. These were providing service at certain commission. Earlier through localbitcoins there is meet and transact service which has been stopped by localbitcoins for some security reasons.
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I would say, my goal would be to earn $1,000,000 by the end of 2022. And to achieve that is not easy and would take a lot of energy, time and money. But it is achievable in the world of crypto. Power of investing where money works for you. Just take time to hunt hidden gems that low in value and have potential to grow in the future. And that's exactly should I am doing now as there are a lot of good project right now that were up in the market. We just have to be patient in looking for them and study them.
$1000000 is not a small amount. One who has good capital investment can make the mentioned sum of money within 2022, if you're good in predicting the market on keen observation. In cryptospace patience is much important, and we're in the peak days of cryptocurrency market. So, this is highly a risk time. If one has invested few hundred dollars few years back now the same could've turned to $1000000. |
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I haven't got access to spend cryptocurrencies directly. Myself used to cash it out for the local fiat and spend on the needs. I don't remember for what purpose I first used the cryptocurrency cashed out. I think it is a mobile phone that costs me $150. By that time of purchase the price of single bitcoin was around $3000. Right now if I want to make use of cryptocurrency as payment I'll go with tron for its low fee.
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What make people panic sell?
Because they're traders. Their main object is to try to accumulate fiat currencies. They're not really interested in Bitcoin. I agree, but often it's because someone has just been persuaded by someone else to invest and he don't really know in what he invested. It is these random investors who most often panic when there is a sharp change in the price. And this is where learning comes from on where you would really be losing up money if you dont know on what you are into specially on investing matters which would really be a reason for you on losing money and thats the time you would really be making your steps on learning further more and panic sell is a very common kind of act because we dont like on losing money which we would normally making such action on cutting loss and thats why we panic sell.We dont really mind if we sell on loss or below on our buying point. In my opinion, it is not good that someone is investing in something they have no idea, and when the price drops quickly for a while, they start to panic. Learning should come from observing the market first. The fact that panic arises in the market is due to the mistake of people who did not research the cryptocurrency market before. Right, if we don't know about cryptocurrencies and only rely on instinct then we will panic, it's better to learn and look for the right information about crypto, because many discussions on facebook or other social media only tell us to invest by providing evidence that he has made big profits, Through social media right things about the market too is getting shared. We should have the Knowledge to find out which is the truth and which is a mesmerizing investment. Years back the panic waves were created by the whales in the market. Nowadays this has changed a lot as people are mature and has got better learning about the market. These days the price correction used to create some panic among the common people who aren't a big holder of cryptocurrencies, whereas the whales and day traders try to make good profit by the time. |
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With the price of $0.000045 the market circulation have contributed almost 1% of the market dominance. Think of the price 0.1$ for the same circulating supply. If the investment plan is to buy and leave it for a long term without thinking about its profit/loss then Shiba can be taken into consideration to add into the portfolio.
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Basic trading strategy is simple as buy low and sell high. While trying this beginners should have the patience. Because, at the beginning we don't know to what extent the price of respective coin will fall down or rise up. There were more number of applications that help with trading practice. When I was into stocks I used to get suggestions from a friend of mine who has got good technical skills associated with stocks. I used to buy all the stocks that he buy and he used to notify when he's selling. Maybe finding one such person and making it an opportunity to learn at the beginning days is also good.
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That’s simply because young people know where the world is heading these days. They know that cryptocurrencies are our future. They like the fact that they own their money because cryptocurrencies are decentralized and there is no involvement of the government.
Apart from this young generation look for a way to keep the holdings and investment in a secure way than on inflated fiat. For some reason the purchasing value of USD decreased with time, but that doesn't mean there is no economic growth. But the growth gets slowed down. As the dollar value is tied with gold there is fluctuating economy. Maybe these reasons can also trigger young generation to have an interest over crypto investment compared to the traditional investments. |
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In my country trading and investing in crypto is legal so I know a lot of government workers who also have income from crypto. But if we are talking about blockchain developers, all of them work in private companies, as the government in my country don't consider crypto as a good economic tool for refinancing loans or means of payment.
Cryptocurrency related services being legal is really good, and I don't think government employees spend on cryptocurrency investment. As per prevailing scenario of my country, government employees were much into mutual funds, stocks and majority were into gold. Maybe now with the easier access more government employees might've got into cryptocurrency investment. Right now blockchain developers around the globe is very limited. Even the private firms doesn't have adequate number of blockchain developers. For this reason private companies are conducting training sessions to educate employees for the need. |
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I was actually very excited when I read on the news that El Salvador will build a Bitcoin City with no income tax, no capital gains tax, no property tax, and no payroll tax. That is one giant step only a bold leader could make. I wonder how effective that would be in attracting investors. It is worth anticipating. But, either way, I really admire leaders who, for better or for worse, are decisive enough to make radical steps toward development.
This is a big step forward in the cryptospace that no other country have taken initiative. El Salvador keep on doing something positive with bitcoin. The total population of the country is 6.5 million. To this population it is an easy thing to implement, and the leader too have taken a bold decision. The bold decision will surely attract more investors and business startups. Bitcoin City is a long time discussion, and finally El Salvador have made it come true. |
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If this thing happen in the future, I ma pretty sure that the Altcoins or Bitcoin will surely be dead instantly, that's the reality in which we need to accept it. due to nowadays, internet wherever we go it is always part of the business in the entire world now. Especially, in terms of communication in different countries and others as well. Hope you are aware that you will be able to move Bitcoin offline and you only need internet to validate the transaction in the block, first and foremost there wont be a situation where there wont be internet for an extended period of time and if you want to make a transaction during internet outage you can do that and once the internet is online it will be validated. Yeah, this is how the transaction works. Maybe there are countable number of locations around the globe where the internet connectivity have gone down with time. Rest of the world with time the advancement and ease of internet usage have made more people make use of internet. Each and every business is now connected with the connectivity, even if it is offline store there'll be a desktop to manage the stocks available and those need to be bought. So, internet won't be an issue with bitcoin anytime. |
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If you haven't recorded any profit out of the particular meme coin investment, then it is good to hold. Meme coins never show regular growth, it pump high and in the same speed it drops down. In mean time we need to make the profit. These coins won't be good for trading purpose. Someway it is good holding meme coin.
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Everywhere it is said as a meme coin. Though it is a meme coin, it has got some potential. Looking at its rank on coinmarketcap and it's volume will answer it. It reached above the rank of dogecoin, but it wasn't able to sustain. Even after falling in value it hasn't got vanished. Now it sits at the 12th position which is truly a big thing. It is a meme coin, no doubt it it. But, it has got some potential which needs to be understood.
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I regret selling about 19k TRON early this year when the price was around 2.5 cents, now the price of TRON is 10 cents so I lose a lot of profit if I am patient to hold for 8 months, now I have bought around 4000 TRON and will hold it because I believe the price of $ 1 will be soon achieved TRON.
Every crypto investor has similar stories as you. I lost a bunch of DOGE on scam ponzi schemes to double your amount and sold most of mine stock when it reached 0.01$. I don't think TRX will ever reach 1$, there is no real development in the coin. If it would reach again a price of 0.2$ (as we reached in 2018) I would already be very happy. There is no real development. Another thing, tron is a much expected coins. More people kept hold for years, but the lack of market movement makes them move towards other investments which get them good profit. Justin Sun seems to be busy making profit from other cryptocurrencies and not focused on paving path for the tron to move forward. |
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It's been a while since we have seen any huge price manipulation and bitcoin is fluctuating between 5-10% from few days/weeks and what do you think would be the outcomes? will it be marching towards new milestone of $80K or $1 Million which has been trending in most of the crypto influencer's channels? I think we have seen this before and bitcoin will surge and probably touch $1 million and then whales will start dumping like they did in 2018 in order to buyback at lesser value.
Will we be tricked in to buy at peak or else people have learnt lesson from 2018 dump and act wisely this time?
I see like 3 weeks correction right now to around 50-54k$ price range. Its perfect take profit time for "before taproot activation investors". Buy rumours sell facts. Same was after segwit activation. First 3 weeks dump from 4800 to 3200 and than pump to 20k. The major longterm trend line support seems to be around $53k - $54k. This time it can happen out of the adoption or as a result of long term corrective measure. By this the market could get pushed to create new ATH. By the time it has got some coincidence with the updates taking place with the network. Right now the buy force have declined a lot and the selling has increased. So, for short term we can't expect the market trend to turn completely bullish. |
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Banks won't die. Banks are the financial platform that makes the governments function around the world. There are some things that can't be performed through banks with ease. For the same people look for an alternate. As an alternate cryptocurrency takes the role. This makes bitcoin and other cryptocurrencies coexist with banks than elimination of bank services.
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Technically, when an asset breaks past an ATH and keeps growing, it is at ATH all the time until it crashes. Probably an unpopular opinion, but I really hope bitcoin doesn't just shoot straight up, and I really hope it just takes its time and have lots of small pull backs in between. It's quite unlikely to be the case, but I really really wish bitcoin's price increase is more sustainable this time.
It's already feels less wild than the previous bull runs, only 6 times increase in 1 year and a multi-month correction in the middle of the run - IMO it's very healthy and sustainable. The price increase is quite healthy and sustainable for different reasons. The most important being the adoption of bitcoin all around the world. Compared to the previous year, this time the rise of users is very big. The active participant count have increased much due to the Pandemic. The growth also hasn't took a direct steep rise, it bounced, it dropped, it fluctuated and moving in a controlled manner. Maybe what we experience by then will be the this year's ath. |
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Bots are developed to fulfill what is being assigned. It executes accordingly. In my understanding it is good to be used on cryptocurrency which has regular price fluctuation within specific range. Through this setting up a buy at a price lower than the sell price and execution of sell once after the buy gets executed happens continuously. This way traders who can't spend much time can benefit out of the bots.
Maybe there are more technical things that can be added to the bot, but this is the very specific purpose for which bots are getting used.
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Back during the previous ATH everyone have got similar experience of missing a big opportunity to make money exiting at the right time. Myself has similar experience of losing around $20k worth tokens which on later years turned around $900. By those days I wasn't that aware of the market as well as I never believed on such growth. When sudden growth happened I wasn't able to do anything, and just left to grow further. This is not out of greed, but out of hope. To my expectations things went against my prediction.
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