Apparently, people do not understand what they call a bottom, it is usually a huge support and a certain price at which people are ready to go all in and then we see price action in such spot over and over again. Patience is always the key just like you said, and for those who are thinking a $200 is possible, I guess they should keep being in their wildest dreams because this cannot happen. At this stage, anything that would even make us go below $2k is already too crazy, let alone as low as $200. It is not a pump and dump market, probably some are forgetting that.

Unless we do not want to be realistic, the price of bitcoin going down to $200 can only be possible when there is something horrific going on and everyone is trying to get out from the market. This is something that at this stage, such level of sell out will be very hard to find. The way people think though, about the market just dropping to some crazy level can be so surprising. Yes, the market may be volatile to a certain extent, but that does not mean it is dead.

We are really at a very critical one and the only ways the bulls can really be able to get smart moneys to participate in this market at the moment is to be able to close a week at least above, $7k. If $6.5k holds, then we might still have some hope but in the case where it does not, and we get to go below $5700, then, that could really bring about some huge decrease in the market value which likely may go as low as $3k. Nothing is certain yet, as we just have to keep monitoring the trend and see where it leads us.

We could see any movement downward if peradventure, the bulls ended up not being ready to take hold of the market, and then the bears decide to take back the wheels. All we can do now is to speculate, but as time goes on, trend and time will give us which direction the market will be going to, at what point it will reverse and how far it would go.

We are still in the early days of cryptocurrency and people thinking a market will cease to exist, most especially for a market that is already grounded, with a lot of support and development springing up every day, I feel it is absurd to have such a question of whether either of them will cease to exist in years to come.

Surely, we are all just here in the present and no one knows the future and we can only be optimistic and if we are to judge with the present, I want to believe we still have more room for growth.

OP is asking a question that sounds a little bit lame than it being a fact. No one knows the future, so asking us if bitcoin would cease to exist in couple of years to this time or if it will not is all B.S. The market is growing by the day, development is popping up daily and I see no reason why bitcoin would cease to exist and I do not see Ethereum ceasing to exist either, however, like I said, no one knows what the future holds. Just buy what you feel you want to take the risk of buying and live with it. As long as you understand the risk, then the rest is left for you to decide.

The altcoins have actually been trying to make a move, but the uncertainty in the market and most especially for bitcoin I believe is what is suppressing them at the moment. As much as we can be optimistic about the next few months or next year, I want to believe only time can really tell how things would end up panning out at the end of the day as there is certainly no guarantee.

I would not be surprised to see some good movement to some extent before the end of the year, and then see the continuation of the bear trend, then consolidation next year. That would be more like history repeating itself.

Received my first payment. Thank you very much Zapo and BQT team.

I really wonder what he wants from a stable market in the first place. The volatility of this market is what makes it interesting to hold and trade in the first place, and no one absolutely would want to hold a market that would just remain the same forever without changing in value. Like you said, anyone who is afraid of fluctuations, then certainly, this market is not for them, and rather than whining and complaining about instability, they should equip themselves with enough knowledge to play with those fluctuations.

Well, but even at that, I would not consider that stable. Stable means there is no movement at all and that is certainly the only literal meaning to it. Anyone who is looking for stable coins can be my guest to stay in fiat or maybe utilize the likes of tether and see where that gets them. That is what I call stable and not a market that is moving in a quantifiable percentage daily.

Apparently, small miners as long as the condition is no longer favorable for them will always be the ones to quit and in this kind of unfavorable condition, we are talking about low prices, but in the long run for those who are really not looking at the short term, they really would not have to worry much.

For instance, if the price drops far below $6000, a lot of speculation going on shows that it becomes non profitable for miners, and then we will definitely see the smaller ones leaving for that moment, and the bigger ones, getting the pay for confirmations they do as the difficulty drops.

Actually $25k at the September next year may be a bit realistic or even in 2020, but nothing should be expected that much when it comes to this year because whether we like it or not, we still have a lot of resistances above us and certainly, the market still looks like it has more room to go down lower. it is, I am sure as time goes on we will definitely get to see how far the market moves even if it decides to switch to the way up. Recovery will take a while which I expect there would be a consolidation period before even seeing any recovery at all.

Those who are expecting a big price in December are those who really have no understanding of how the market can work and then all they care about is moon and stars. We will be very lucky if we manage to go past $17k at the end of this year and that would have been a very great achievement for the year but as it is, nothing is guaranteed and looking at the way things are, the market sure looks like it could have more room to go lower.

The thing is that there will always be a negative side to every story and in as much as the OP tend to pain the negative sides as well as some of the few positive sides, does not mean fiat does not have its disadvantages as well and I am sure we all know that if we are to really talk about monopoly and crazy policies, fiat takes the first place, so in a nutshell, who has regulation helped ?

We may be at an early stage now, but I believe with real life usage, things may end up different. There could be some form of regulation but at the end it will be limited in a way for the government, so it is still always going to be a win-win for us the users of the decentralized space.

That is the general principle of economics when it comes to demand and supply. Certainly, it is a market and all that is going on is more like an auction and everyone trying to bid on how much they want to end up selling and how much they want to buy.

Now, all these things are certainly a prerequisite to how people perceive the market in that particular space of time that they are buying, which is either the demand is huge or supply is on the high side, so with that, we see the market tending towards whoever is winning. Crypto market is not just this market as that is generally applicable to every other market outside cryptocurrency, such as Forex, stock market etc.

With any market, the law of supply and demand will always be applicable and in this case as long as there will always be people buying and selling in the market, the price will always fluctuate and the position at which it fluctuated towards is dependable on which of the sides have a larger effect on the market due to their huge presence.

Well, it is not like it can’t be regulated, but to what extent can it be regulated. We are talking about something global here and the fact that it is decentralized makes it very hard for the government to clamp down on activities surrounding it.

Nevertheless, if they really want to regulate it, it is still easy since as it is, people will always need to spend in the long run, or simply convert to fiat and then the exchanges become regulated and that is it.

Hence, it depends on each individual the transactions they want to make. However, we all know that the decentralized world gives freedom to the users and take control away from the government, and government do not like that, coupled with the fact that people might start evading tax or trying to do shady stuff, but all these can be curbed with regulation.

What makes you think rich people are not aware of cryptocurrencies ?
That is not a fact, just some assumption. However, like Hydrogen said, we are still in a system of trade by barter anyway, just that this time around, things are done differently and then we get to have a better way of doing things and transacting as the case may be.

For instance, I can imagine what it would be like when you are paying 12 chickens to someone for a goat, compared to how you can just easily make a transaction in either fiat or cryptocurrency for the goat. Simpler and easier ways of doing things, which is what the technology brings into the whole barter system.

Not everybody understands the importance of accumulating the dips as it comes and all they will ever be doing is to panic unnecessarily and never learn from their past mistakes. I have always known the market to fluctuate as a result of this level of volatility and it is always more like it giving an opportunity over again to those who are smart enough to utilize those opportunities. As long as you realize it is a market that is here to stay, picking the low prices would always be a good move for the smart ones.

I guess that is something we will have to be patient about as the market could still further than it is now. Surely, we cannot say much because as long as bitcoin still tries to want to find a bearing and tend to go a bit downward, then there will always be such movement for altcoins in the market. ETH and every other altcoin is actually showing the urge and zeal to want to move, but the present condition of the market most especially for bitcoin makes it unfavorable.

That is absolutely a very good way to usually identify a good ICO.

Although since the whitepaper is usually technical and I would not want to waste my time on a cloned whitepaper, I usually delve and dig into the team first. They have always been my main priority and as long as I am not convinced enough not to want to drop my funds with such team, I would not even bother going ahead with other details, but as long as this is a team I can rely on with their past experience, involvement in the project, then I certainly start checking the whitepaper, product, the vision and other necessary stuffs.

There were case where even all my checkpoints were met still few projects had disappointed me. Actually those were due to various reason but I just want to mention keep looking for the reason where we had failed to choose an ICO at the same time we need to notice what made us to choose a project which is doing good till date. Yes, both are important to keep rocking among many good and scam ICOs these days.

Well, in the real sense, some will always be profitable and some will not, but rather than airdrops, I always prefer to even go the extra length to acquiring more than just some airdrop that could amount to nothing. You really would not be doing so much for the airdrop, but it is always important to try as much as possible to make some good research on any airdrop you still want to be a part of, so that in the long run, it can still end up being worth it.

Honestly, airdrops are so much like a waste of time, but since it is free money, the idea is just to have some community of holders that will at least not even have the chance to be able to sell in the short term for a price that is not worth it or a price that will absolutely not be allowed to make a trade on an exchange. All you just have to do is to get the real picture that airdrops are meant to be a long term thing and you are not meant to get anything substantial from them in the short term.

You know that most of the time, loneliness on its own is a very terrible psychological state of the mind and for someone who is in this spot, I am sure, trying to find a means or something to stir up that loneliness into excitement and decided to pick on gambling can set the person up easily into making the most terrific mistake when it comes to being able to control their impulses. These are the kind of people that will always get easily engrossed, find it hard to stop when they know they should and certainly can lead to addiction. If gambling is a solution for loneliness and dissatisfaction then its addiction is the obvious results for the people who opt for it. Because addiction is the result of persisting with gambling, no one could stop nor prevent that from happening if sticking within that.

No one is saying you cannot win in gambling, but it is a game of luck and most of the time you are not going to always be lucky. This is reality and that is one thing a whole bunch of people do not like facing before they even venture into gambling, and certainly will find it hard to face when they are already engrossed in it, because they simply thought this is a way to make money but really, winning is something you should not even be so much particular about as you cannot predict the future and all you are doing is a guess game.

In contradicting with OP, we may win in gambling if we target something other than making profits. Yes, here many gamblers have confessed that they are still sticking with gambling for the purposes of spending time in a pleasured way or for enjoying some real time thrills which cannot be possible anywhere else.

Maybe, he just wanted to say something even though it is a contradictory statement all in one sentence. There is certainly no required amount as that is understandable and you can start with anything that you have. However, when it comes to getting something tangible from trading and to be able to trade different markets so as to spread out, you will need some good amount to start with.

Certainly, $100 is a good start, and as long as you can properly manage your money and your trade, you should be fine, but the more you have, the better the chances of making more, and the likelihood of losing a lot as well if you do not have the knowledge.

Most investors that are smart and knowledgeable about the market they are investing in will always not see panic as something they should ever be caught doing. They certainly know when to buy, they know when they should be selling, and certainly know when they should be patient for the long term as they understand the market, its conditions and its future in the long run. Something a lot of investors or traders will always find hard to do and panic easily because they lack that knowledge.

People panic and sell because they were expecting something they ended up not seeing. A lot of people came into this market with the hope of getting rich overnight and that makes it so hard for them to be able to cope with the downtrend after buying the peak with the hope of the market mooning and them getting overly rich. As long as you understand what you are investing in, and you can be patient enough for the long term benefits, you certainly will not miss it.

News were quick to drive the market up last year because of the uptrend but this time around, negative news have always been quick to drive the market down pretty fast with everything still resorting to some forms of manipulations anyway.

News these days however, have taken another shape as we tend to see the market less driven by news and it just seems to do whatever it pleases with obvious manipulations left, right and center. I guess with situations like this, we just have to always wait and be careful even when attempting to trade the market based on news.