I sincerely believe that there are some people at the top echelon, who openly condemn and dissuade people from joining the crypto train, but secretly are involved in the trade. It is not clear when some countries will adopt the crypto revolution, however they will eventually do so. Just a matter of time.
It’s tough to say anything right now. The governments are not friendly towards Bitcoin for obvious reasons. They don’t want to lose their power on the financial system of the country. Bitcoin also poses a threat to the existence of the banks. But at the same time we should not let go such a great technology because it offers numerous advantages. I think Blockchain will definitely be adopted in many sectors, but can’t say anything about Bitcoin. |
|
|
|
|
Yes day trading definitely works. Many investors do that, but day trading is very tough. Day traders need to have a lot of knowledge. They need to keep up on the latest stock market news and events that affect stocks. The process requires a trader to track the markets and spot opportunities, which can arise any time during trading hours. Don’t consider it if you have limited hours to spare. Moreover as the crypto market is a 24 x 7 market it requires you to keep constant watch over the market everytime which can be stressful at times.
|
|
|
|
Technical analysis is very practical, accurate in the short term and convenient in terms of selecting points for entering the market. He does not require any complex skills and specific skills. However, technical analysis is limited by its own postulates and often does not "notice" the undervalued crypto-currencies that would quickly reveal a fundamental analysis The fundamental analysis is more labor-intensive and complex, less accessible to novice investors, but the most effective for long-term investment. These types of analysis are so different that the best solution seems to be using both of them. This is exactly what experienced traders advise to do. The ideal scheme for analyzing the crypto-currency market includes both technical and fundamental analysis. With the help of fundamental analysis, the investor can select the most promising coins and make a decision on the allocation of investments. A technical analysis will help him choose the optimal time taking profit. You can also act in the reverse order. For example, use technical analysis to find the crypto currency in an uptrend, and then check with a fundamental analysis whether there are objective reasons for its growth. The combination of shadow and fundamental analysis plays into the hands of both traders who are interested in quick earnings on high volatility of the crypto currency, and portfolio investors who form deposits for long periods. However, only those who already have experience with crypto-currencies will be able to use them correctly. If the basics of technical analysis can be learned even on YouTube videos, then fundamental analysis for beginners is generally not available. For starters, you just need to read analytical summaries, take part in discussions at thematic forums such as www.bitcointalk.org and raise your level with all available training materials. What do you prefer: technical or fundamental analysis? Why you have to choose one? The combination is best if you want to succeed in crypto market. Technical analysis and fundamental analysis are often seen as opposing approaches to analyzing securities, but many investors have experienced success by combining the two techniques. For example, an investor may use fundamental analysis to identify an undervalued stock and use technical analysis to find a specific entry and exit point for the position. Often times, this combination works best when a security is severely oversold and entering the position too early could prove costly. |
|
|
|
I came across a very nice experiment of one of my compatriots. He started to put up around $ 50 a month for pension. I will add that pensions in my country are low.
Description of the experiment:
"What is going on?
One of my many areas of interest are cryptocurrencies. There is a good chance that you have heard about bitcoin. A smaller chance that you know litecoin or dogecoin. If you want to know the technical side or economic cryptocurrency - use google. For the needs of my retirement, it is enough to know that cryptocurrencies act as cash in a modern version. They have their value (they are listed on the stock exchanges, they have their course), they can be safely stored, they can be sent immediately to any distance, practically free of charge and - with a little effort - they are anonymous. And they are today at the initial stage of development. Everyone who touches them is still an early employer, and this means that - with a high probability - a long-term investment in cryptocurrencies will be very profitable. I chose 4 cryptocurrencies for my retirement basket and gave them percentages indicating their presence in the basket. When making my choice, I based my own - already several years - experience in the cryptocurrency industry, the capitalization value of a given cryptocurrency (market cap) and the features that distinguish it from other coins on the market. And so I chose:
How much do I put aside? I did not want to set any fixed amount. Because you know - inflation, fluctuations in financial markets, etc. ... So I decided that the value of a monthly investment will depend on the minimum wage in Poland. In 2017, it is an amount of $ 540. And every month I invest 10% of this amount, that is 50 $. "
He has currently invested $ 1,600, and the rate of return since early 2017 is 1,600% = $ 27k.
It's a great idea, right?
That seems to be a nice idea. Bitcoin is become a store of value and there is best for holding it for long-term. This makes it best for retirement planning. If we a person in his 30s or 40s invest in it he can benefit from it greatly. Bitcoin has great potential and day by day as more people are becoming aware about it they are investing it in. so you can earn a lot in a decade or two. But moreover another sad part is that with a history of merely 9 years incumbent one should not make his retirement plans with crypto this soon. |
|
|
|
|
1. The supply and demand of Bitcoin affects the price of Bitcoin greatly. The increase in demand cause prices to rise and vice-versa.
2. The regulations enforced by government or their view upon it.
3. The news regarding Bitcoin in the market. Negative or positive publicity. Media also has a great influence.
4. Last, the community supporting or behind Bitcoin.
|
|
|
|
bitcoin prices are always changing and difficult to predict sometimes up and down sometimes and now bitcoin prices have fallen again so now is a good time if you want to buy bitcoin again
The right time to invest in anything is when its price is down or low. But the saddest par is we can’t predict that when Bitcoin will fall. You have to take care of this by keeping your eye on Bitcoin constantly. So when it falls you should buy so that when it rises you can gain from it. Bitcoin is quite low nowadays from its real worth, in fact; it was much mower few weeks ago. But you can buy it now also. |
|
|
|
A group of whale inject and withdraw investment massively which effect the market and most people get panic if market suddenly falls,this is the situation to hold with patience and never panic sell.Actually no one know the next step of whale but past history and events help to save money.
Yeah maybe it's done by them, whales usually have a very large amount of bitcoin, if they sell most of their coins of course it will affect the market, so in general they can manipulate with the amount of coins they have, especially if the news support it, of course price manipulation will be successful Whales are known as an indivisual or a group of people that manipulate the market in their two scents. Whales are the big players in crypto maket. They have a stagegy to own a huge amount of coins, truly whales take advantage of the downward trend in the market so that they can buy so many coins with low price. Generally, if you feel panic or even can’t control your emotion when the market’s going down, you are more likely to buy with low, which give whales a chance to reap a huge fruits. Therefore, all of us should be more careful in making decision to sell or buy . Whales refer to the investors who hold a large portion of the cryptocurrency to such an extent that they can affect the price of that cryptocurrency through their actions. When they buy or invest in some coin, the price rises which attracts other people also to invest. This further causes the price to rise. Then whales decide to sell their holdings and thus they claim their profit. This cause a fall in the price and investors start selling out their holding. This leads to a price crash thus an opportunity for the whales to buy the coin again at a low price. |
|
|
|
|
Bitcoin can be hacked. It can be due to your carelessness or the hacker’s cleverness. If you are managing your wallet on your own, someone else might obtain your private key by getting into your email (if that’s where you keep it) or even seeing the private key in the physical world. Some of the more notorious Bitcoin-related hacking stories this year occurred when companies held so-called “initial coin offerings” (a form of fundraising) and asked investors to send them Bitcoins. In certain cases, clever hackers impersonated the companies with a fake website and persuaded the investors to send millions of dollars worth of funds to a different Bitcoin wallet. Once the Bitcoin was sent, there was no recovering it, and both the companies and investors lost their Bitcoin.
|
|
|
|
|
Risky, in terms of volatility, fluctuations or instability is Bitcoin or crypto investments of course because in bank you are assured a fixed rate of interest after a fixed period. So you know in advance what you will get. But in crypto investments, it’s like shares and bonds in which you invest and rate of return depends on their prices which is turn depends on market forces. But the interest is relatively and very less in bank investments.
|
|
|
|
|
Technical analysis is very important to succeed in trading cryptocurrencies. I think the some tools that are used for technical analysis are
1. On-balance volume indicator (OBV) to measure the positive and negative flow of volume in security over time.
2. One of the most commonly used indicators to determine the money flow in and out of a security is the accumulation line (A/D line)
3. The Average direction index (ADX) is a trend indicator used to measure the strength and momentum of a trend. When the ADX is above 40, the trend is considered to have a lot of directional strength, either up or down, depending on the direction the price is moving.
4. Relative Strength Index (RSI) compares the magnitude of recent gains to recent losses to see if an asset is oversold or overbought.
|
|
|
|
|
Following are some of the negatives of Bitcoin, according to me:
1. As the world’s most popular cryptocurrency, Bitcoin has seen more than its fair share of medium-specific scams, fraud, and attacks.
2. Despite high-visibility prosecutions of the most egregious offenders, Bitcoin remains attractive to criminals and gray market participants.
3. Although Bitcoin is the most liquid and easily exchanged cryptocurrency, it remains susceptible to wild price swings over short periods of time.
4. One of Bitcoin’s biggest drawbacks is a lack of standardized policy for chargebacks or refunds, as all credit card companies and traditional online payment processors have.
|
|
|
|
Bitcoin is on its way to achieve its goal.
Bitcoin keeps trying in the market to achieve its goals Actually, Bitcoin is in the early stages of development and our line is still long. Though there have been hindrances here and there but bitcoin is still marching on to its goal of poverty reduction globally and counter the world unfair financial system where the rich always continue to be rich while the get poorer.
In general, the best public currency is still fiat and the best value is still gold. It's just that you and I are more or less dedicated in crypto, which is why we see the mix. But let's look at the world population and see the number of people involved in it. Not all! This is only partly secondary but the core concept is about using it as a payment system and we do not even have a sole trader who accepts Bitcoin as a payment system in most parts of the world.
Bitcoin’s main goal was to develop a worldwide payment system without the involvement of intermediaries. I don’t think so this goal has been achieved so far and will also be difficult to achieve because people have started using it as a store of assets rather than currency. Also, in order to use it as a currency, very large adoption is needed and some supporting regulations, which we don’t have right now. Merely going to 19k has never been the goal of bitcoin or any cryptocurrency. |
|
|
|
I am confused??? whether people are not aware that bitcoin prices are designed to fluctuate. I do not think it's weird if the price keeps going up and down. actually the price can go up if a lot of people are buying and even vice versa too, if a lot of people who sell it the price is sure to go down, ordinary its cause the people who sell the coins is due to panic or a lot of negative news that are constantly insistently hit the coins they held and not a few FUD also spread.
we also as users should know that the small bitcoin volume scattered in the network, so do not be strange with the arguments of people who discuss the issue of rising and falling prices.
The price of Bitcoin is affected by many factors. The most important and common factor that affects the price of all the things is its demand and supply. The increase in demand will increase the price of Bitcoin and the limits supply also increases the price of Bitcoin. The second factor is the type of news about Bitcoin. The negative news about it will decrease its price as many investors will start selling it and vice-versa. This year also, Bitcoin will be guided by same factors. |
|
|
|
|
Its really important to have blockchain education today blockchain is really going to be the core of the whole industrial sector. Blockchain can transform may industries, some of them are:
1. In banking and financial sector: We all know that big investments banks spend billions of dollars on these jobs. But it is estimated that these banks can save a huge amount of money spend on clearing and settlement with the help of blockchain technology. Many banks across the world are trying to shift their payments system on the blockchain technology. This would offer higher security and simultaneously reduce the costs involved in processing the payments between their clients and organizations.
2. Smart contracts: Blockchain provides an encrypted database of transactions which means that once a deal is made, neither of the party can deviate from the terms of the contract. With the help of blockchain technology, smart contracts can be made more secure.
3. Artificial intelligence: Since blockchain technology can guarantee the accuracy of data, it can be useful in many Artificial Intelligence (AI) applications. Blockchain will allow the emergence of a marketplace for AI. AI along with blockchain will lower the barriers to entry for the small players and reduces the competitive advantage available to the tech giants.
4. Supply Chain Management: In blockchain, each product is given a tag which secures the supply chain in just a second. All the information, like the place of storage, property certificates, place of origin, is available in a single ledger, which further adds to the security. Blockchain technology allows the business partners to share and discuss important information with each other directly, thus, eliminating the need for an intermediary
|
|
|
|
First of all, you do not need to panic. Now almost all the holders of the crypto currency are in about the same position, as the crypto-currency market has completely fallen in price. The coins you specified are quite promising, so there is nothing to worry about. We just need to relax and expect the rise of the crypto-currency market. Over the past seven years, the first half of the year in five cases has always been not entirely successful for the crypto currency. Therefore, such a general decrease in prices should be perceived as the usual state of the crypto currency, which always ends with its rise.
FOMO is a common mistake that many investors make. Greed is our human nature that drives us to commit some mistakes or even blunder. Now, you can obviously do nothing for your past so I’ll advise you to hold on to your investments. Market will definitely recover so you could make up for losses. And learn from this mistake, next time don’t give into the greed and invest wisely. Always play in this market with a stop loss the markets are too volatile and wipe you out in a day or two only the fittest have the capacity to survive. |
|
|
|
Those are pretty obvious scams, but I think even popular tokens like EOS and TRON are some sort of scam too, on paper they kinda make sense, but I don't see them successfully competing with Bitcoin or even Ethereum, and most likely they will just die in a few years.
Exactly! Even Tron's whitepaper was a copy paste here and there. Many of these coins represent a hope that it will become "the one" or will be very useful in the future. In reality, they are most likely would be a soft scam, just like a herbal medicine that offer many false claims. However, maybe they will deliver the product and fulfill their promises, we just don't know yet. Still, the investors and the market are just irrational considering the price compared to the present value. Anything which comes new in the market is overhyped. That’s the nature of humans. Can’ say anything about cryptos but blockchain definitely deserves such an attention. Blockchain has the potential of revolutionizing all the sectors of the economy, be it banking and insurance or artificial intelligence. It can easy the working operations and offer high security in their fields through their unique feature of smart contracts. |
|
|
|
|
There are not straight forward or specifically designed steps that should be followed to identify the good coin. The business of investing is based majorly on speculation and speculative analysis and so no one can actually predict with all certainty which of the cryptocurrencies will be most profitable in the nearest future. You should clearly study the trends which the coin has shown over the past few years. Check the success rate and read about the team behind it. Read about the project and if all is good only then invest in it.
|
|
|
|
A lot of people now days jumping and investing in the cryptocurrency industry.
If you are not investing in crypto, where do you else invest?
Property ? normal crowdfunding? give your input
I am planning to invest on real estate if i have a decent amount of capital because the price of a lot is increasing each year but first thing that i will do is to save money from the profit i earn by investing on cryptocurrency. There are many options or choice of investments besides cryptocurrencies. Gold is the safest and most common form of investment. Then real estate is also an option as there are always some people who are in search of come place to live in. you can even consider stock market which is quite like crypto market and bank investment is also there but the returns are not very attractive. But try to invest in something that has value for investing when it comes to bitcoin I think it is more to be utilized as a currency than to be used as an investment. |
|
|
|
The fact that Bitcoin Cash can smooth sail hoping from one hard fork into another proves that the project is de-facto centralized. If it was not the case, there would be some dissidence and therefore their hardforks would result in a surviving chain as well as the forked chain (just like it happens whenever someone wants to hardfork Bitcoin.. all you get is an altcoin).
The only other possibility is that the project is irrelevantly small enough that consensus can be reached, but that is a short lived period in time. Bitcoin Cash's scaling roadmap will eventually face a problem of big % of people not wanting to increase blocks anymore once they feel the consequences of big blocks (if either actual usage starts filling blocks or someone bothers to spam the network to fill them up making hosting nodes a mess, just like Ethereum)
I think so that mainly due to firs-mover advantage. Bitcoin was the first cryptocurrency to be launched which initiated the crypto market. Therefore it enjoys a huge adoption rate and highest market capitalization. It has been able to survive successfully for 9 long years so investors have trust and faith in it. The forks might offer a better solution to the problems faced by bitcoin but they are just not the original bitcoins. Moreover the core miners too have not supported most of the forks with an unanimous consent which is another reason why is this happening around. I don’t think so it would be possible to replace this cryptocurrency. |
|
|
|
Hi,
there are so many cryptos and I find it hard to identify the ones where I should have a closer look.
Obviously one can find cryptos e.g. by listening to shilling on Reddit. But I'm looking for more professional sources like YouTube channels, free/ paid Telegram/Discord groups and so on. What do you use?
With the amount of available cryptos and the ones that are being created every day it‘s very hard to keep track and find the pearls among all the trash. I would look for token thst have a real use case and where there is a real benefit There are not straight forward or specifically designed steps that should be followed to identify the good coin. The business of investing is based majorly on speculation and speculative analysis and so no one can actually predict with all certainty which of the cryptocurrencies will be most profitable in the nearest future. You should clearly study the trends which the coin has shown over the past few years. Check the success rate and read about the team behind it. Read about the project and if all is good only then invest in it. |
|
|
|
|
Show Posts
