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Bnb is doing great and with potential to keep reaching the top 5 in cmc but then, overtaking etheruem is something I don't see happening anytime soon and even before whatever will happen in the future, etheruem platform can be stronger. I think the ICO scams caused the down swing of eth but it will rise again and stronger.
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...when there is a strong sentiment about any coin whether it be a positive or negative technical analysis doesn’t work.
I think that the above can be miss leading in my view so that newbies don't just dive in like that when they see or feel sentiment is taking over the market. Even a careful study of TA would still show the direction of the market or sentiment. I have noticed that too, I feel TA won't just be redundant when sentimental traders come in. But the problem I faced while doing sentiment analysis is, it takes so much time and effort to continuously watch all the news on different social media to find out the sentiment
Yes it is not easy to research on what will make you successful. It is worth it at the long time but if you don't do your research, you will keep begging the market.  |
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I visited your site and it isn't a bad one and you having bitcoin too. Anyway, I'm hardly a lottery fan. It is hard and sometimes I feel it is manipulated that makes it difficult to have a win despite the effort and resources. Or maybe I have not been lucky with it.
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To your question on the new world order, I see that bitcoin will be adapted soon because of the use case of blockchain. Blockchain will be a top priority since the world is going to be more technologically driven. Blockchain will definitely not be left out as it is already being used at the moment.
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Is a nice trading experience that you have shared. One point where you said you wasted time reaching your target in five days instead of 3 days because you were tilted or delayed, I tell you you didn't waste time. You made good money with that 5 days, many traders to get that.
And you showed enough patience and rebuild you capital to gain , cudos to you.
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Bitcoin for now can't be compared with whatsapp in terms of acceptance because very many Whatsapp enabled phone user are making use of it. Just imagine when bitcoin will be accepted and used like Whatsapp, hodlers will make good money. |
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Fiat is the reason that bitcoin is still in the level of regulation that it is. Every government likes monopoly in the control of its people and currency therefore, it will take a lot of time for pronouncements to be made on bitcoin in my opinion
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Looking at etheruem price now and comparing its ATH at around $1,300 and with a year, it has lost so much that one can't just believe it, the difference in the drop is so unfortunate. This is the time to buy more because etheruem platform is really nice and with large community.
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A newbie should try and stop struggling with the type of trader he or she is. For information purpose, there are majorly two types of trader, day trader and swing trader. A swing trader is the person that hodls for long and of course relies on longtime frame to analyze the market while the reverse is the case for day trader. Hence, defining your trade type will help you know how long you are to stay in the market.
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If you're short to mid-term minded, then at least wait for the first physical ETF approval. This could be a huge catalyst for the price.
I also think alike for such price to be sustainable, otherwise that kind of price might not come to stay. If that happens, then you see institutional investors buying in and not even bitcoin but altcoins. |
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Sure a ponzi and ponzi as usual favours first comers until organizers can't continue and they disappear with what they have left as their own profit in the scam business. This is unfortunate and for other people trying to get rich quick, ponzi isn't the best.
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I agree, but my point was that people can only be helped by Bitcoin once they start using Bitcoin.
Lets take away the idea of bitcoin helping people rather we should start to look at what bitcoin is doing in the financial system dominated by fiat. Bitcoin is being used to save money or asset. People like to control and use their money themselves without orders, rules etc, this is the major goal I see first. Because, if we put our mind on bitcoin helping people, what about the times that bitcoin drops   |
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They should give it back, but how?
Let us make Binance as an example. You could trade with them, deposit and withdraw for a limit of 2 BTC. Let us say many does that to avoid KYC. If a sudden robbery happen inside the company will they be held liable for all this funds?
I dont think so. You avoided the KYC so it is like avoiding the terms and agreement.
Question: Hoe will you prove you really own funds with them?
In other cases, they go through a lot of paperworks and jurisdictions. But giving back those funds to each user will be impossible.
I think that you have a very good point though. It is not only to give it back but it is whether it gets to the actually owner especially with the analysis you gave. If people have decided to boycott 2fas, KYC , how will they show proof in a case like this. Crypto theft isn't like the physical theft where restoration can merely be done on radio, television by simply showing of identity card and the likes. |
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Well I respect your theory. If bitcoin will gonna hit 1million dollars in the future let's say 100years from now, then it will become the most pricey investment and will become a controversial for sure. It maybe possible since the supply of bitcoin is just limited but honestly it is hardly reached that price since there has many issues regarding the transactions, fees, etc.
I think one other thing that will determine if bitcoin will get to 1million is regulation or legality because not all country are using it freely at the moment. If fiat was not generally accepted in the geographical areai it is being used, it won't gain value there , that is an example. I just hope I get one by the time it gets to a million dollar |
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More scam projects made the ICOs to be a scam scheme
I think that was the situation of ICO two years ago, not that it was the developers really. Just very few didn't have the intention of running away with people's money. They garnished all they wanted to do with white paper but they ran off at the end. |
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You know something about making money or having the idea that will give someone money, that or those ideas are not easily shared. This is the way I relate with these paid services. Most companies, car manufacturers, beverage outfits etc hardly disclose to another company because they don't want to stay jobless especially the ones topping the competition. So, I hardly believe these paid services can be genuine and correct. Of course, this is gambling place.
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What I see about gold is that you can actually invest in it , it is relatively stable. For bitcoin, it longtime storage isn't really predictable. I can agree that it is more situatable for trading and turning out profit on a short term.
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Governments that are coming down on cryptocurrency are doing so because crypto is seen to them as something they can not comprehend being used as payment, in competition with fiat. To them is a reasonable argument but they forget to know that in the past, there were no jets, airplanes and other suffsticated ways of acclimatizing to the ever changing world.
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What I know is that there is no more going back for cryptocurrency and the two mentioned coin on discuss are the top two coins and they are the ones leading. Of course, as I see things, bitcoin is getting more popular daily and I'm optimistic is going to give more value for hodlers in the future.
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This is a very good question and I will be following this thread to see some responses
Since we all had fiat before BITCOIN I would imagine most 'gamblers' used fiat
But since this is BITCOIN 'gambling' the feedback might be skewed.
I was into fiat long before BITCOIN ever was around
We have almost the same pattern. I did start with fiat and it was physical too. Gambling with crypto is a new technology and I'm sure most people wound have started with fiat. I was betting on soccer physically |
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