This currency is massive potential and I believe that Litecoin will be more successful in coming years. As well, their current price is acceptable ( $ 188 ) in spite of this period the majority of currencies in crisis.
On the other hand, there are some expectations say that this currency will become between $ 400 and $ 600 in the end of this year and may become the second best currency in the market and of course after Bitcoin.
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Absolutely yes, this is the era of digital currencies, and the number of users Bitcoin in progress over time. As well, The prevention of this currency by governments has led to major problems, especially in the global economy.
In addition to that, the good news is that some governments have recognized it as a legal currency (like, Japan...) and this is a good beginning to recognition of this era. It is certain that many countries will resort to Bitcoin recognition and very soon.
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Due to many low quality posts, my idea is to add a coordinate in profile which it is Quality, that's means the percentage (%) of the quality post to every user in this forum. That's will be through a program ( by grammar and spelling errors) , and it will give the percentage of quality posts per week. So, if someone has a percentage less than 50% , then he will receive an alert which it is: ' You have a second chance to improve your posts quality within a week and it is necessary to be over than 60% also, be through more than 20 posts, else , you will receive blockage 30 days ' .
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What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down
The security of the profit will be if there is a good strategy to take in every situation (Whether in bad or good). Furthermore, when there is a currency crisis in the market, that is the best profit period for traders. On the other hand, the options must be appropriate, especially when choosing the suitability currencies for trading (It is necessary to be on top 30 of best currencies). For me, when there is a huge profit, then we should keep the half (50%) of this value and the other half to trade. In order not to risk and ensure the profit in the future.
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It is definitely that there are a major problems in the economy of China, due to the existence of Bitcoin and other currencies in the market. Moreover, this has led to preventing the use of all digital currencies in this country.
In addition to that, the government of China has tried many times to break the progress of bitcoin and it has not been able to achieve that goal. In my opinion, if many economic crises occur in the coming period, then it is sure that china will recognize all digital currencies (I think it will be achieved in the near future) .
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Maybe this an informative game from McAfee and Altucher. In order to influence public opinion, as well to believe that Bitcoin will hit 1 Million Dollars after 2 years. Also it is expected that their objective is to fame this currency , with a view to effect on many users to buy a large amount of Bitcoin. Because these two businessmen are invested a large proportion of their money in Bitcoin ( If that happens, the price will rise and their profits will be huge).
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Honestly, the end of this drop is near. Although the price is volatile, but there is little progress in value (in the last days there is a rise by more than 4%) and the price become $ 11K. As well, I think that this crash is necessary to resolve large problems in this currency, especially before the rise in the number of users cryptocurrencies. On the other hand, for me, some problems have been fixed in this period like, the transaction fees which became $ 0.5 in Blockchain at this day. Furthermore, it's expected that the price will be 25K in the near future ( may be after 2 weeks) . And hopefully that Bitcoin will back strongly.
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In my opinion, this is a good decision because there is always exploitation in the majority of office jobs. As well, the payment is low ,although the staff work many hours every day.
Furthermore, the best thing when there is not much effort at work and without pressure, so to trade in cryptocurrencies as a continuous work is the right decision, but starting in this field may be difficult, so the most important thing is to learn the market also the analysis is essential for every trader. In fact, the profit will always exist in this field and will evolve over time, and it is sure the financial income will be better than work in an office job.
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Actually, there are many reasons for this sudden drop in price (the value has decreased to 11k), and the most important of them are:
Firstly, the increase in the value of selling this currency, especially in this period and this is certainly a strategy for the capitalist to lower the price and then to buy when the value becomes too weak (it is expected when the price will be $ 8000).
Secondly, the problem of transaction fees which it is so high compared to other currencies (like, Ethereum, Litecoin...). Also the huge number of unconfirmed transactions ( For example, in blockchain more than 77110 transactions are not yet confirmed).
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Unfortunately, there are some problems in Bitcoin, and this has negatively affected for users of this currency. As well, the biggest problem is the governments refused to recognize Bitcoin, as a dangerous and illegal currency. Although this decision is incorrect.
On the other hand, most users are afraid of this rejection, so they used this currency in a secret way. Moreover, I think that this rejection is temporary, because this currency is in continuous development and the countries are facing an economic crisis, so it is certain that after a period of time they will resort to recognition of Bitcoin.
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Honestly, the majority of people will say that Bitcoin, Etheruem, Ripple.., will jump to the top. In fact, this may be achieved, but my opinion is different, there is a currency that will have a wonderful future, even though the media does not talk about it that much, compared to other currencies.
As well, this currency is Lisk (LSK), and It is now ranked 19th in the market and their current price is $ 22. I think it will go up considerably, and may become more than $ 100 during this year.
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after the bitcoin price drops to $ 10000, yesterday the bitcoin price rose by 8.5%, and I expect the bitcoin price will not fall again, and will slide to $ 20,000, and I think when the natural correction ends. But today I see bitcoin down again, why this can happen? is it a bubble? how to make the hype to be stable and go back up?
In my opinion, sometimes the expectations are incorrect , and the source is different from the correct and wrong. As well, there are many fake news, especially when there is a big event ( for example, the crisis in all currencies at this period). And for me the best solution is not to rush when you know some expectations . In addition to that, there are many problems in Bitcoin ( like, Huge quantity of selling ,Transaction fees, ..) and it is sure that this currency will overcome this crisis and return to the top, but it is only after a while of time.
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In general, it is certain that this is a good duration to invest in bitcoin because this fall in price ( decrease by more than 8% in last 7 days) and the market cap ( a drop from 230 Billion dollars to 183 Billion dollars in a last week ) is a great chance to buy a big quantity of this currency.
In fact, the problem that many people are afraid about this big drop and they want to sell their amount , but this is a wrong decision because this crisis in value will be temporary, and may end in a few weeks then after that the price will be 25K.
Furthermore, the best way to profit in this current time is to buy an acceptable value from this currency and invest all that value, then wait if the price falls by a large percentage, return to buy is the best solution then hold all this amount . After this steps the profit will be certain.
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Honestly, I think many currencies will change our lives for the better, especially when their financial value increases in the future and the same thing if the governments recognize all cryptocurrencies. As well, If that happens, everything will be better than before and especially for financial income.
Furthermore, I guess that there are two currencies will be of great importance in the future and will develop with an acceptable value.
Firstly, Bitcoin (BTC) and will always be the best currency in the value of market cap and it is expected that after 5 years the price of Bitcoin will be close to 1 Million Dollars.
Secondly, Ripple (XRP) and It is the best currency with a weaker price in the market and their value of Market Cap is great compared to other currencies. In fact, there are many expectations that this currency will be very important in the future and may the price will be more than $ 1000 after some years.
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Absolutely yes, It is a good idea that the poor countries which have a weak economy can use cryptocurrencies. As well, If this happens, this will be a new beginning for the economy of many countries and this will positively affect many fields ( like, improvement of infrastructure, and a decrease in unemployment rate, multiple employment opportunities..).
In addition to that, the governments of powerful nations may not accept this solution as this may adversely affect the economy of these countries. In fact, I think that in the near future these digital currencies will be recognized by all governments, but this may be on terms because they want to control currencies and they are afraid to be used in prohibited things( like, drugs, weapons...).
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In my opinion, the strategies are very necessary in trading, but before that It is very important to learn the market and know the future expectations for different currencies, especially when you are a beginner in this field.
On the other hand, the start in this field can be difficult and particularly when there are financial losses. In fact, every experience will teach you how to behave, whether unsuccessful or successful.
Otherwise, the right decisions are essential to success in trade and in addition to not rush to sell or buy. for example when you buy a large value of a currency and after you have waited a period of time your profits will be large. So patience is the key to success in trading.
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In my opinion, it is certain that the capitalists are the cause of the biggest crisis in the price at this duration time. In fact, they are selling large value of money to buy other currencies, especially those with a weak price and an acceptable value of Market Cap (Such as, Ripple, Lisk, NEM, Stellar, IOTA..).
Furthermore, the capitalists want to fall the price of bitcoin to less than $ 5000 then to buy a large amount of it , because their financial profit will be greater in the future. On the other hand, it is very expected that this currency will jump to great value after some years ( The price may become more than 100K after 2-3 years).
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In general, the transaction fee is one of the biggest problems in Bitcoin and it is sure that this has led to a drop in price in this period . In addition to that, it is not acceptable that the value of fee is high in Blockchain compared to other currencies ( more than $3 for just one transaction). And also that value is volatile and for example in the previous period was close to $ 10.
As well, there should be a solution in the near future for this problem because this may adversely affect Bitcoin users, and the same thing for the unconfirmed transactions ( Such as, now in Blockchain there are more than 99K Unconfirmed transactions and this value is very huge ) . therefore, many users of cryptocurrencies have become used the other currencies (like, Ethereum, Ripple, Litecoin..) because the value of their fees is very low and there is a great facilitation in their transactions.
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Honestly, It is expected that digital currencies will develop a lot in the future, although the governments are trying to destroy all cryptocurrencies but they will not be able to achieve this ambition. As well, they will resort to recognition all of them so as to avoid the economic losses.
Furthermore, I think many currencies will jump to a huge value, and it is certain that Bitcoin will remain stronger and better than all, may the price will become $ 500,000 after 4 years. In fact, Ripple (XRP) will become the second best currency in value, although the current price is low ($ 1.41) and may become between $ 500 and $ 1000 after 3-4 years. And there are expectations that Lisk(LSK) will have a significant improvement in value.
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In general, It is certain that this year will be magnificent for Bitcoin, although that at the middle of this month there was a big fall in price, and unfortunately that many problems have led to this crisis in the value of this currency. In fact, at the beginning of the previous three years there has been a big fall in price and always after that there was a big and fast development in value.
Furthermore, I think there will be many phases that will lead to a rise and for me in the next four months the price will gradually rise to 30K and after that the value may become volatile ( this may happen in two months) and at the end of this year it is certain the price will jump to between 40K and 60K.
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