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This strategy is flawed. Your strategy may be effective now but how about in the future, another target "normal" price? What if your "normal" price was just a history now? Then you won't buy more?
The basis for your strategy should be based from the percentage of drop in Bitcoin's price. Percentile pattern are always close to each other, IMO. Very much reliable that instantiating "normal" price.
Agreed. This would all me irrelevant in a matter of months (may be even weeks). Was trying to get the current opinion, not for future reference. If there are a lot of votes now, it would be fun to look back after a few years. |
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Hi folks.
I wanted to raise this quick question: while BTC and ETH are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways and they also differ in purpose. Bitcoin is a so-called currency, while Ethereum is developed as a platform which facilitates P2P contracts and applications via its own currency vehicle. The primary purpose of ETH is not to be a payment solution (to my knowledge).
I sold almost all my BTC, my portfolio is now 80% ETH and it annoys me a little to see how ETH struggles to gain value whenever bitcoin's price drops (actually I am exaggerating a little, since January 1st ETH is doing alright compared to BTC but still you get my point).
Any opinion welcome.
Thanks.
I feel it is due to most of trades happening in BTC pairs. Consider the example of BTC at 10K and ETH at 1K. The price of ETH would be 0.1 BTC, but when BTC goes down to 8K, each ETH gets you 0.125 BTC. Most people in crypto feel that is a good deal and use the opputunity to get more BTC. But what it invalirably starts is a frenzy of people selling, which mostly ends up in a selling spree of ETH and more often than not it brings the price of ETH lesser than before. This applies for all the alts and during each price fluctuation barring few all the alts follow the trend. |
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The thing they don't know is, the punishment they are inflicting towards their soul... There is not enough money in the world to hide themselves from that, one day of another they will have to pay for all the wrong they have been doing towards others. Those people can never be 'rich', not even with all the money in the world. That's why some people have more than enough with a few thousands in one life time, while others never have enough.
They will always hate being alone with themselves, and how older they become, the worst it gets and the least chances they'l have of ever coming back, their mind will always remind them the wrong they have done towards the community around them. If they knew what they are doing towards their souls they would never play that game in the fist place.
It's easy to hide behind a screen from us, but towards your soul and towards the truth, there is no hiding when it comes to that, and the punishment for those actions you take it to your grave and beyond...
Every moment of our lives, we perform actions -physically, mentally, emotionally, and energy-wise.- Each action creates a certain memory. That's called karma. And karma can be quite a bitch, but only if you are. It is towards those people that life never laugh, they bare sick children, lose a loved one in some other accident, they are alcoholics and/or drug addicts, and most of the time, they die from a tragedy, or old, sick, and unhappy.
Nice post. But I have read somewhere that a study found that many Serial killers didn't feel guilt and it is kind of how they are wired. I don't think scammers are any different. PS: I do wish they steal some whale's money and he tracks them down and makes an example out of them |
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We shouldn't recommend coinmarketcap.com to anyone.
I find the ads annoying and misleading too. But is there any other alternative which provides the wealth of info CMC provides? |
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For sure most of us didnt expect for bitcoins price to dip even go lower as $6k usd per bitcoin this is why i do assume that the lower prices the better for each anyone of us.Price is way too volatile and pointing out a certain normal price range for you to buy would really be hard but if i do really have to choose i would go for 9-10k price which as of the recent price chart theres a strong support into that area.I do always go with the flow.
True. I feel the same way too. I thought during the dip (still think) that BTC below 10K$ is a steal. Just wanted to see how many people share my views, so I started this poll (Few of my friends thought BTC was going to go below 5K and stay there). |
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It is difficult to estimate a normal price of a cryptocurrency/.
I was trying to gauge what the users think there "normal" price is, because we make buying decisions based on that. PS: The value always changes too. People might be wating for a drop to $50K to buy in the future (Fingers crossed...) |
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Thanks. I am reading the book by the same author - Bitcoin and Cryptocurrency Technologies. The book is very detailed, I would say the article is a TLDR version of the book  |
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This is hard choice, because everyone has a different 'normal' price.
It depends on when did you have take a part into bitcoin community.
for me, it is around $9k.
The very reason I created this poll... |
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Every one has a price in which they tend to buy Bitcoin. For me personally it is 12 K, if I see Bitcoin below that and have money I see it as a oppurtunity to buy. Though this is not backed by any research, this drives my strategy. I thought if we could collect all such opinions, we could arrive at a price which everyone thinks as normal. Because if you think about it, all pur personal opinions of Bitcoin increase or decrease the price (Barring instance of manipulations by whales  which we can't do anything about) |
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Allow me to disagree with you. It is not very wise to sell when the price is as low as it is now. Don't encourage people to do stupid things
May be the OP missed to buy at the lowest price and trying his luck to drive down to buy more  |
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"Buy when there's blood in the streets, even if the blood is your own."
Nice quote  PS: I did the same yesterday |
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Let FOMO buying begin |
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I would say to start buying in small quantities, so you are covered if price moves in either direction (nobody knows which direction it is going to go for sure)
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Yeah, if this storm is weathered and the new investors lose little or no money (after few / months or hodling, ofcourse), there will be no stopping BTC. I really hope that it happens.
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I'm extremely depressed about my impatience and persistence.
I'm a stupid man. Fuck myself.
I bought the ETC when its price was 15$, i kept it for three months, including when it down at 9$, I still don't sell, because i believe it. And when ETC rise to 15$. I sold everything and waited it down $ 13 to buy more. But, fuck myself, the next day it rise to fucking 30$, Are you kidding me?
I bought 5000 XRP from May, i still believe it, I bought more yesterday, I bought when its price was 0,00001610sts, and when it down 0,00001558, i afraid BTC up, XRP down. So i sold everything. And... This morning I woke up with a sense of chest not say words.
This is my mistake, definitely like that. I can't blame anyone.
I told myself, "The market is still there. Nothing to hurry"
I don't complain, i post here just relieve stress. I didn't tell anyone about this, including my wife.
Thank for listening.
I hope you can buy all your coins back now . Good luck buddy |
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And there is Bitcoin already so would it matter to much if miners stopped mining.
You need to put some time to study about blockchain and how it works. If there are no miners, there are no transactions. Ofcourse, if ASICs are out of the picture we could mine using GPUs or even CPUs, but I don't think it will happen. |
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Finding jobs for coders are a bit more difficult (in comparison to signature bounties that happen here) since majority of coders/programmers use other websites (more exposure and easier to find a job). 1. You can open your own thread in " Services" section and wait for clients to hire you. 2. You can use the following websites (I'm not vouching for any of these, since I never tried using their platforms): a. XBTFreelancer b. cryptogrind c. CoinalityThanks a lot. Will check these out. |
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