Yes it is. Buying bitcoins at cheap prices doesn't come every days. Look at graph below  It turns out in each year Bitcoin had similar experience decline in early month January-Feb, the price will recovery in Feb-March and increasing up to Oct-Nov. wow, this is amazing, look at the graph, the lines are almost identical on january to february, the pump up is around march, this will surely be of great help for the holders to foresee the next move, relatively or not, i hope this will enlighten the nervous holders, after the dive, flying comes next, but we can contribute to it by buying now, do not wait for march. there is a saying, history repeats itself. |
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you cannot and never know when will bitcoin price move, what you see in the market is the result and not the real time movements, nor you can predict it, the behavior of its movements is the basis of your next decision whether you buy or you sell, look at the trend, it is a trend, many reasons for today's downfall though, negative news, write-ups and bad forecast of the so called experts in trading somehow affects the trend. people panics when they see the trend that goes downward, but actually look at this trend as an opportunity to buy instead of panicking.
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The nice thing about markets is that when the fall, they fall hard. It's nice because the pain is usually over fairly quickly, and even though it's possible to catch a falling knife, if you believe in the asset, buying during a panic sell usually rewards the brave.
Hopefully people who are just entering the space will see this for what it is - a buying opportunity, and not the other way around.
if only all the big and small holders thinks the way you think at the same time, we can really control the movements of bitcoin price, the continuous fall of bitcoin price i think is an opportunity too. in fact, what i think is that bitcoin is giving us a hint, a signal that it has lower its price for us to buy at a lower price then when it soar up, we will benefit and enjoy the huge earnings, just hold on to your bitcoin, give it time to subside and correct itself and then buy as much as you can now. |
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the big plunge has started, either we go with the flow of holders that are panicking about this continuous downfall of bitcoin price or hold on to your bitcoins, but i think this is a chance for buyers, of course the ones that has a lot of money to risk. but for me, i think i will wait a little longer, maybe at the end of this month, if we look into the numbers, graphs and other basis, we can see that the line is downward, pretty alarming for the big holders but bitcoin has a history like this, even from the start of its existence, just believe in the system guys. bitcoin will soar up again.
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these predicaments only creates panic to the readers, instead post something to boost the morale of other holders, that is why you should invest only what you can afford to loose, these decreasing movements are not forever, if you are looking at the graph of bitcoin price there are ups and downs, after a huge hike, the plunge comes next. it is impossible to hike without diving, bitcoin is just giving us room to earn profit, you just have to play wiser, anticipate the fall and enjoy the price hike. that is the game, you win some, you loose some. just have the room for both.
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i cannot help to reply to this crazy topic, AI was a good idea though because it is just an algorithm, we can relate it to bitcoin's platform that has an algorithm too, but before we incorporate Ai to bitcoin, there is no known algorithm based program to compare it with what we can see in the movies, maybe not now, let us say in the future, all online program is linked to an Artificial Intelligence program. but it will be too scary for humans, i think it is way too much for humans to handle AI program, we will go nuts trying to figure it out. but this Ai on bitcoin is still impossible.
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I never read news from so called experts, all they do are writing irrational nonsense and then in month or 2 they write opposite opinion.
yeah, i agree, all these kinds of news are just biased, baseless and does not represent the whole picture about bitcoin, we should be bothered with this news, it is already been said that bitcoin is volatile, means it is unpredictable to forecast things. this is not the news last two months where bitcoin rapidly increases its price, it also surpassed the so-called experts in financial forecaster that bitcoin will reach to 8000 but to their surprise, it reached to 10000, all of these are games of chances and risks. that was investment is all about. |
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every year is uncertain in any investments or simply a day for that matter, bitcoin volatility is crucial every second, but if we are trying to look on a longer term perspective let us say a year, still it is much really uncertain, but we all are hoping for the best for bitcoin, if we look at the supply of bitcoin this year, there is a not so alarming data of bitcoin supply as it does not progress in terms of supply, because of the activities of miners. the percentage of the data shows that due to miners that are having a hard time to mine bitcoin will make the demand of bitcoin to sky rocket. let us hope the trend continues.
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When Satoshi Nakamoto created the first bitcoin in January 2009, there were nearly 21 million coins left to be mined. As 80% of the total number of bitcoins have already been mined by January 13, there are only one-fifth of the capped supply that will be mined in the coming years.
Over 16.8 million bitcoins have now been mined by the miners worldwide and there will be another 4.2 million digital coins that is still left.
Number of Bitcoins Mined
January 15,2016 : 15,089,500 (71.8%)
January 15,2017 : 16,104,750 (77%)
this simply tells us the law of supply and demand, if this is true, somehow this will affect the price of bitcoin to jump sky high. miners really helped small players in some instance, if this percentage will to continue to drop, i am seeing a good potential to earn profit in the coming days or months. the sudden boost of miners last december 2017 somehow affect the drop of bitcoin price today, because of sufficient supply of bitcoin, good thing now is hard to mine bitcoin. time to buy bitcoin now guys. and earn tomorrow. |
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Hello everyone, recently there has been a lot of panic on this forum due to the big price change of Bitcoin (as it always happens). Understandably, many people are confused and worried as they have lost thousands in their value, especially if they have bought higher than the current price. But as someone who has been into Bitcoin for 1.5 years (not too long, I know) I want to advice to newcomers to simply relax. Huge price swing were always a part of Bitcoin, so there's nothing extraordinary here and the worst thing you can do is to make panic trades. Basically, there are two main approaches to Bitcoin trading - you either hodl it, meaning you never sell it until it reached "the moon", or you are actively trading it to get profit from volatility. So, if you believe in Bitcoin's technology and don't experience as a trader, I suggest you to not touch your coins - Bitcoin always tends to increase in its value in the long run.
I agree with your words but on the other hand due to my losses we have to quit at some level otherwise the loss will increase. that is why we should only invest what we can afford to lose, do not invest all you money and i am not talking about bitcoin alone, in all kinds of investments, we should remember this, invest only some extra money, and putting money in bitcoin does not guarantee you a 100% returns, you just have to play it wiser, all we need is a good timing, that is the essence of investing. buy when it is low then sell if it is high. do not reverse it otherwise you will lose much likely all your money. volatility is risky, play it wise and you will benefit from its movements. good luck mate. |
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yes, but not literally while you are sleeping, volatility makes it more challenging my friend, this post was outdated though, it has reached all time high for the last two months but not now, we cannot say that it is making us money only, with the ups and downs of bitcoin's price, we should not sleep, as what others say, you can gain that instant and you can lose in an instant too, just be cautious about placing an investment if you do not plan to be vigilant most of the time, investing in bitcoin now requires attention and more time especially nowadays. good luck and hope you have a good sleep.
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first of all, you have mentioned that they are averse to risk in terms of investments, true, and that is actually the idea, they know the ins and outs of bitcoin, who knows, they are also big players and ventured to bitcoin as we speak, they will not accept bitcoin as payments in their merchants if they know it is a fake or scam, we should learn from them, and other big companies too. in the near future, bitcoin and fiat will co-exist and the effect of that is bigger competition less charges. beneficially to the people especially the poor.
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That's not possible. bitcoin runs on a decentralized distributed ledger protocol. The very essence of bitcoin is to give back the power of control to individuals over their money.
agree, it is impossible for banks to run bitcoin exclusively, bitcoin holders are everywhere, no papers, no documents no reference, how would they use bitcoin, they have no idea how much bitcoin is out there in the internet, they do not have the capacity to hold huge amount like that, holders are anonymous and encrypted, who will they call, you are right, the essence of bitcoin is the holders privilege over their on money. bitcoin would not be created if banks has the control over it. |
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no, bitcoin will not die or go away, as long as there are investors and people that is into mining, 2017 and 2018 are just the beginning of bitcoin to flourish, the slight movements of bitcoin price obviously shows that lots of people are patronizing bitcoin, may it be low or high as long as there is movement, bitcoin will remain, maybe more cryptocurrency will pop out in the future but it does not mean that bitcoin will be left behind or be put aside, bitcoin platform will improve as other currency will be born
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when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
medias are biased, most of them are in to bad news only or they speculate much on the negative side of the story, they do not highlighted the good side of the story, because nowadays, the negative write ups and publicity are the ones they sensationalized especially when medias are backed by banks, because that is what the masses are buying, they will make it more sensational due to its peculiar topic, some people that had been interviewed was not a big time investors in bitcoin, they are just one of the newbies that has initially bought a small amount of investments and overreacted on their losses and not on their patience. they make a big deal out of their small losses well in fact because of btc's volatility, they did not expect the sudden loss they encountered. |
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i beg to disagree that they do not deserve to be millionaires for having no knowledge about businesses, remember, you cannot earn in investments if you are not wise enough to read and interpret the current market, no one is dumb enough to place an amount to invest if he is depending only on his or her luck. of course we need plenty of luck to get in the business and have a profit, but we should also be equipped or knowledgeable before jumping in. some millionaires had their wealth because of hard work and a lot of patient and also not to mention, luck. those are the recipe for one to get rich or simply earn profit. every millionaires have their own story to tell. it takes sweat and blood.
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When you convert it to fiat, you pay tax on what you convert it. You don't have to pay on the Bitcoins you have.
true, an investor who has a lot of bitcoin in his wallet is not taxable unless he converted it to cash, using legal exchange sites, the tax for that transaction covers the equivalent tax depending on the amount of bitcoin you have converted, if one is trying to frequently converting huge amount of bitcoin, for example 1 bitcoin for that matter, the exchange site which is being logged is monitoring your account, if they see you having those transaction, you will be noticed by the tax people, so better convert your bitcoin not as frequently as possible. especially if your using a single wallet that has multiple transaction which is unusual to remain un-noticed. |
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wow, this is a crazy query, but has sense, it think one crazy answer would be a global natural disaster cause by climate change, where electricity will be devastated. we all know that when there is no electricity, every wired transactions are affected including trading online or mining, but on the more serious side, one issue that we must be prepared is the regulation of countries about the circulation of cryptocurrencies, if all country connived to put bitcoin on hold or stop it permanently by issuing a law that prohibits the use of bitcoin in any transactions, of course when no one is using it, no one would trade it. and then we are doomed. the end.
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actually, it is more logical to think that company has a large asset to invest with bitcoin, even a small portion of their asset is good enough to roll in investments, they have joined this crypto thing because of a simple plan, to earn fast, im sure they know all the ins and outs before investing, a small loss will not gonna hurt them, but as we all know, the return of investments are too gorgeous to resist, they never looked at bitcoin as their prime profit mechanism, just like us, we are never afraid to loose if we know we will earn much at the right moment when bitcoin kicks again, right?
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scamming are everywhere, in vast majority of sites, somehow it is the risk we all have to take, we just have to have a good leap of faith when venturing on a certain investment sites, we cannot control or know if a site is legit or not, maybe what we should do is be more on guard, and come well prepared before jumping to an investments, there are some precautioinary measures to be done first, good thing about this forum, we can have a hint on where to invest based on the threads. good luck though!
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