There's alot of people move out from Cryptocurrency some are for their loses and without experience,some are doing for in bounty campaigns but still not get result so I want to know behalf of that reason I have mention is correct. What do you think?
This will happen every time when market will suffer a surge like now, and it's normal that people leave, because not anyone has a lot of patience and faith in crypto. About bounties, well we clearly have more than enough familiar projects trying to bring changes into the same industry, so i assume there will be less bounties in future, most likely only new and better blockchains 4.0 , 5.0 and so on. I mean what for we need 10 projects doing VR games  it's clear that only 1-2 will survive others will just vanish in history. |
|
|
|
Hello everyone!
We all know that the situation with market is not that good as we want it to be. Thus it affects a lot of ICO projects. On the one hand people don't invest in coin so much money as they did last year. On the other bounty hunters sell tokens fast and the price goes very low. That is why some projects prefer list their token on Idex first. They want to see how a coin plays on market.
And what investors should do in such situation? Sell all they have for small money or wait until a token will go up?
I'm asking as a person working in such project. After ICO token price went down (KCY, I'm sure you heard of it). And It is interesting to know investor's opinion about such situation.
What is your idea?
Investors put in 2018 at least 6.3 billion $, a lot more than in 2017, so you're wrong here. ICO in 2018 hasn't showed such significant results as in 2017, but people still invest with a hope to find a "gold mine" I haven't invested in a single ICO in 2018, as i bought all the coins i wanted 10 or 20 times cheaper on exchanges. Investors who invest big in ICO don't care about price in short term, because they understand no token is able to give huge returns being few weeks on the market, and if it does - it's pure speculation. Bounty hunters who dump their tokens right away, have absolutely no idea what are they doing, but i still love them, as they give me ability to buy from them. I wrote this many, many times already - Look long term on your crypto investments, or just leave the market, it's not for you. Patience is always rewarded here, understand that. |
|
|
|
|
I think market will constantly shake off weak hands and panic sellers from the market, so that whales or big players can accumulate more bitcoins for the next bull run.
As long people will be selling their bitcoins in fear of loss, price will always decrease, as there can't be whole market of holders, this is impossible.
This is common to the whole market not just btc actually, and i assume this situation is unlikely to change.
|
|
|
|
As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
Most likely will never happen, and if it will you won't earn that much at all, but your smartphone will die more quickly. As bitcoin mining difficulty is growing year to year, imagine how fast your smartphone should be to catch up with this technology. Even big bitcoin mining companies have to upgrade their software almost every year, are you ready to buy new smartphone every 6 months or so Bitcoin mining is clearly will be industrial and won't be that profitable at all for home miners, who can't survive mining when bitcoin price is low. |
|
|
|
Bitcoin has come a long way and come really come to stay. As a matter of fact, anytime some people who know nothing about bitcoin are introduce to bitcoin about how bitcoin works, they channel all their attention to whoever is passing the information to them by listening attentively. However, after developing the interest in bitcoin, they quickly revert their interest in bitcoin the moment they hear of the volatile nature of bitcoin, thereby, deciding not to invest into it anymore. Guys, what are some other factors that scare people from investing into bitcoin?
Patience is the key factor why majority don't believe in bitcoin still. The problem is that we don't have proper financial education in schools, so people simply don't understand how investments work. So when people saw a bull run in 2017 and joined the market most of them thought that this will be an endless run  Big players always love to take small players money, no matter which market is it crypto or traditional, things are pretty similar here. Don't care about the price that much, manipulation and FUD news, just understand that last 9 years bitcoin has been only growing, and thats a fact! Bitcoin doesn't need to grow whole year around, it's more than enough to grow only 1-2 months to reach new heights. |
|
|
|
Some people are asking, "How can Bitcoin helps the world's economic?"
I think this is the right answer. Bitcoin has become a currency for a nation that is currently supporting all kinds of people. Bitcoin has become as an international currency at this point. Once again, technologies help the world to solve its problems. This can raise Bitcoin reputation among economic discussions. And also will give positive mood to Bitcoin markets.
As long as we are still using money, bitcoin won't help globally to change this situation. People are still very unsure about bitcoin, not many people trust it worldwide, and this situation will change only when government will give green light for btc. Not sure if we will see that happen in any time soon, but this day will come no doubt, as out money and financial system clearly needs fresh breath and change. Positive mood on bitcoin markets will come as soon as big people from Wall Street can join this market, my opinion. |
|
|
|
of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?
Most likely, yes you're right i don't think that bitcoin will ever disappear from the market. Bitcoin still remains trend setter for the most coins on the market, i've noticed that only some exchange tokens are having their own path now, which is actually good. I do believe that in the future, as other altcoins will bring their product on the market and gain popularity, maybe they won't follow bitcoin like they do now. And of course there are a lot of big investors who just won't let bitcoin fail in any way, they have been here for the last 9 years, and i'm pretty sure they have a plan of what are they doing. |
|
|
|
Hi all,
I am a relative newbie but have remained pretty calm during the difficult last week or so. The markets are falling significantly again, is this still relatively normal and is the best advice just to HODL? Moving forward I think I will set stop losses on all holdings to protect my capital against falls like this.
Thanks
HODL - the best option to save your assets, proven over last 9 years already. It all comes down to money what you put into crypto, if you need them for a living than surely you need to set stop losses to take your profit when market falls. When you put money which you don't need for a living, i see absolutely no point in setting stop losses or taking your money out. Even if the price falls 70-90% you still have your crypto - 1 bitcoin is still 1 bitcoin no matter whats the current price is, at least for me Though the last 9 years bitcoin average decrease in price is about 76%, so if the next high will be 100k $ for bitcoin, decrease can be to 26k $ per btc, just keep this numbers in mind. |
|
|
|
Lets say crypto completely and utterly replaced fiat. Fiats don't exist anymore. All governments have seen the advantage of using digital currency and have completely changed their fiat into crypto, like dollar to dollar token(obviously not tether). How viable is this? For example anyone can see how much I am holding using the public ledger and track me down and force me into sending them the cryptos I hold. I wanna discuss in reality if cryptos actually replace fiat how life will be and what are the problems we are gonna face and the immediate effects of it.
Surely this will eventually happen, cryptocurrency can't be fully centralized like fiat money and can't be issued in enormous quantity like fiat money. Most every state worldwide is living in HUGE debts due to they take money from 3rd parties and promise to return it with %, but it's impossible to return % because this money simply just don't exists, so they have to take new debt to cover the previous, and this goes on and on. Eventually this system will fail, and many people will suffer worldwide, of course not the bankers who will take money from 3rd parties and will never return them. Looks like this situation will happen sooner as we all might expect, we are facing history changes in financial industry right now, in my view. |
|
|
|
|
Banks are mostly nervous about bitcoin because they still can't accept this digital currency due to lack of regulation and high manipulation.
I'm pretty sure banks understand that they can make a huge profit on cryptocurrencies, but they can't put their investors money at such high risk.
By the 2020 situation most likely can change and we will see some banks, maybe not the biggest ones, will work with bitcoin and other cryptocurrencies.
|
|
|
|
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Most likely yes, eventually banks will have to offer such deposits in bitcoin to keep their clients and attract new ones. Currently it might look like an utopia, but i'am pretty confident that some banks already seeking possibilities to offer such deposits. If we see any ETF on bitcoin approved this year, this will just push banks even more closely to this question, as progress can't be ignored. Even if banks say currently that they are not ready to offer such deposits, it doesn't mean that their opinion wouldn't change. |
|
|
|
|
I think that currently bitcoin has very few chances to be called a currency and used worldwide as payment method.
Mainly due to high risk of manipulation, unstable price and lack of proper regulation.
But i do admit that bitcoin could be taken into an example when some countries would like to create their own government controlled cryptocurrency.
Everyday i have less and less doubts that fiat money will be replaced by digital currency, just a matter of time now.
|
|
|
|
|
Show Posts
