Hi guys! Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'. How likely it is that it will be true? How can this affect crypto, specifically the price of Bitcoin? Thank for you opinions! Who is even Robert Kiyosaki? I’ve never heard of him and I also don’t think he’s right. They keep saying all these cause it’s just a way for them to promote these stuffs and get people interested in cryptocurrency. They are doing all these and forgetting about people who can never get a chance to know what crypto, that’s because they are doing all these out of selfishness and greediness. If cryptocurrencies happen to take over and eliminate our main currencies, do you even think of those who don’t have access to the internet, those that are not educated and the poor ones in our communities, cause these ones won’t be able to use Bitcoin. |
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I still think that until the end of 2018 we will not see a general growth in the market, bitcoin will remain in the range from 9000 to 5000 dollars and accordingly the entire crypto market will remain approximately at the same levels.
I do not think the end of the year will be red because of the current market trend which is prone to rise and the indicators that determine the general behavior of the market are positive. Besides, there is an element of market growth around and can bee seen by observing the ratio of rise and the ratio of fall and on the average, a rise after a fall is always greater. So the year might not be possibly all red and we will have some green days as well. |
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Yes again bitcoin price goes down very badly, from this year starting itself bitcoin would be down only. The price would increasing but it is not high just a pump thats it. This is normally happens in the market, so dont get panic about current situation surely the price will increase by the end of this year we can expect the real bull run. Hold the bitcoin still the value become high.
Public is now tired of watching the Bitcoin’s price like a pivot its movement sometimes increases on one side and sometimes on another side. But there are investors of little knowledge and we know well that little knowledge is a dangerous thing so they make wrong decisions and sell in low market for little profit which contributes in the price to drop again. As long as we do not learn when to sell then we will be on the same page. |
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I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
What it is your plan? I understand that you are upset about what it is happening in the market but there is nothing we can do about it, if I were you I will hold the rest of my bitcoin, after all you sold near the all time high so if I were you I will even reinvest the money that you got out when you sold half of your bitcoin, but you can only do that if you are completely sure that you can hold until the next bull market appears. Yes that is right that in current time we cannot do anything except to continue holding bitcoin. Because bitcoin price is already trading low and if we will sell our bitcoin in such a low price then we can only lose our money, but if will we will continue to hold bitcoin for some time, I am hopeful that the price will recover and will hopefully recover all our lost. |
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With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO
With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
Actually i do not consider this as a mistakes because these are just weakness and not having preventive measures that these things could really happen. These are considered as cautions to everybody who do involve on cryptocurrency. Anyway we have common sense we know what we should do. There are number of investors who are busy in investing their money into different crypto currencies but not all of them are getting this opportunity to make some good earning and the reason behind is the lack of knowledge and self-motivation to being some positive change in their lives. It gets very much difficult for them most of the time to control their nerves and that they end up making wrong decision. |
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Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.
1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.
2. Never using a Stop
3. Not having a plan (Risk/Entry/Exit/Stop)
4. Not sticking to your plan
5. Greed — risking too much/not taking profit
6. Being too emotional about a trade.
Plug these equity drains & increase your odds of being profitable.
You could add to the list and make better trades
Yes almost all the points you mentioned were common mistakes made by the trades even if they are experienced enough.But they also have to learn themselves to avoid these mistakes to make more profits,most important thing is not having a strategy or plan will leads to other errors. Mistakes aren’t bad. They are for our motivation and learning hub. Those who learn from their mistakes must understand that their professional life would be amazing. They are students of teacher that is greatest of all the materiality approach elements. Mistakes have got hidden instructions that if would extracted out, must be fantastic for the learner throughout his life. |
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There are many exchanges out there. Which one do you use and why?
Thanks!
Yeah. There are many exchanges out there and there are also soon to come exchanges. I already have tried so many good exchanges like for example POLONIEX, BITTREX, BITFINEX, HITBTC and BINANCE. But among of the 5 exchanges that I have tried, BINANCE is really the best for me because you can trade easily there and the instruction is really understandable they really provide an easy instructions on how to withdraw and cash out. That's all I can say. Traders look for those exchanges which has more benefit for them. For convenience they chose Binance which has large volume and low transaction rate. There are few others best recommended exchanges including Coinbase, Bittrex and Binance have great importance using these exchanges traders find it easy to reach at their profits and this connection is very important. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
I am still new on cryptocurrency and for now i would rather say on something that i learned and that is how crypto help me out. Maybe some of the members would say that they were able to get a good profit on crypto since they had a long stay already on it and they were benefited already. GOod for them to get a good reward or even profit on their investment. Cryptocurrency is more than anything for us because it is a better source for investment and generates huge profit for you which are only possible if you know how it works out. In many countries it is using as a mode of payment and is involved in many things so with the ease people love it though it is valuable but cheapest in transaction rate so all these things made it my favorite currency. |
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I think it was a bit of a step back from Bitcoin before crossing the $ 10k mark. I bought it at 6k and sold it at 8k3. I will buy again and carry on higher ground. Bitcoin price increases are just a matter of time
thats good trades for you dude.and you must gain profit much than before.buy when it make correction and and sell it again in higher price.expert said this is using dow theory trading methode. When you are in trading and you need to make money at the end, this is a long queue of hard work. Best thing is, buy low and sell high. This isn’t that much hard task to do. You have got some money, save it and buy bitcoin. Keep this coin with you tell the time when prices start climbing up. This is best time for you to make money. So, don’t hesitate and sell. |
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It is indeed a future to have digital currency in our pocket rather than fiat money. We should be anticipating positively tht one day digital money will reign and fiat will extinct.
I don’t think this is something different you are having in your pocket. Since 2007 or around, when lives of our people start changing with technology, there are changes that became astounding. These changes are hitting us hard and now just see, this world isn’t any more prolonged. Everything is in your pocket and you are enjoying the best so far. This must have to come. |
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bitcoin helped me earn more income. Besides earning more income, I was exposed to projects with great ideas. things that I have never imagined. Really joining the crypto does not waste my time. This is a meaningless time for me.
Poole are using bitcoin for increasing their income. There is big lobby that is working already in private companies and different firms but they want to have an add-in their income. Thus bitcoin is a best selection for them. They have proved it so right that bitcoin can become a source of income for them, a part time job we can say. You are good to go for this option too. |
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Being greedy when others are fearful means being able to take risks in spite of the very many uncertainties that surround you. Those who have the ability to take risks usually get the lion share of profit. This also applies to the cryptocurrency market but make sure u have a sound understanding of what u want to invest in before you do.
Yes you’re right, but you shouldn’t let that statement or quote blind you from the fact if you are doing anything at the wrong time you are bound to lose. So know what you are doing, we all know this is risky and of course the biggest risk takers are those that comes out with the lion share but that doesn’t mean you can just jump in at anytime and be expecting that you will make profit, sorry it’s not going to work out for you. |
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Some crypto are better for long HoDL while others are more profitable day trading. For instance Bitcoin is for the long term while coins like MTC that fluctuates a lot are better day trading which can easily multiply your money
Few moments earlier, I was reading a comment and there that man said, he loves day trading and he has been earning through this day trading since long time. So keeping in this thing, you must know this bitcoin and altcoin are good for day trading only in case if you want it to be part of your trading tenure. Day trading is hard, no doubt, but that really requires much of profit as well. |
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That was very inspiring, Bitcoin and other crypto change my life also in many ways because before I always waste my time in social media and online games but when my friend introduce bitcoin to me I learned a lot and I know that my life has a directions now, I'm glad that bitcoin came into my life.
Now you are on the right track. You will earn huge money if you continue in this sector for some time. Although the price of bitcoin is volatile and not stable but on the whole it is increasing day by day and in the near future you will be happy with your investment. I don’t think that there is any other business in the world that can give you such a big profit. Don’t just worry brother. Bitcoin has been up to this scenario after every two to three months. Although this time this dragging is so long, and it is still prolonging but bitcoin has got its value strong. It doesn’t allow anyone to destruct it. Rather people are still investing in this coin and they are earning from its volatile as well. So, don’t just worry and get yourself in here. |
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Yes it happens, when all who worked on the project cease to modify it, as a result of which the price of coins begins to fall ...
For this, it is always advised to keep yourself updated with recent updates and try to change you, rather modify according to new terms. There have been so many coins that came and just went away, and they couldn’t have been into this successful world. Their development teams never update themselves and their technology becomes sized. Chose flexible coins. |
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You are absolutely right, you need to start checking with small amounts, even if you are deceived, you will lose a little.
This is true, but nobody wants to lose their money, even small amounts. I like the exchange BiteBTC, but it should be such as to test. Anybody who want to lose his money? Yes? No? Definitely there would be a big and big no coming. Why someone wants to lose his money that is hard earned and he has been working for so long time to earn that amount. We must ask some legit questions that are really good for something. This is an obvious statement and I think that must not be asked for next time. |
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why the state does not always make money, because if a country is printing too much money, the value of that currency will go down so it will cause more problems, that's why they prefer to owe rather than make money
You have it right. This is the inflation of the currency. When they print more money then they can, it will increase the supply and the demand will grows will still by providing a lot of supply. So it will have a negative effect, thats why they dont print more  Not only that but there are more consequences to the excess printing of money. Printing excess of money not being backed by the gold or bullion is in other terms giving rise to inflation and the monetary policy responds in such situation. It is only the production of goods and services that can rise your GDP and not the printing of money. Excess printing of money was rejected by the people of Venezuela during the money crisis when the inflation was 13000%. |
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Right. When I turn into a panicked seller, I can say that I am not giving a damn about dumping and about the different people who are in trouble.
I'm just worried about losing my money and trying to save them.
So do not be too anxious to calm down and solve the problem and get good results.
All those who are having weak control over their emotions are the ones who find it very much difficult to hold their coins especially at time when the market value of the coins starts dropping down. All they can see is going in loss without even thinking for a while that the market value of the coins will rise again. They go for selling of the coins which then result in huge loss. |
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We cannot really provide the best solution for our investment; however, it is enough to earn a profit and say " Yes my investment really is successful" and refer to other people.
I think not all of us make a better decision especially when we talk about money matters. The pressure "risk" and the financial concerns, as well as the existing problem, may alter the decisions that we have. Thus, we can`t forecast success on investment by merely having profit because it might end up to another bunch of investors to be trapped in an investment and eventually want a scapegoat even if the outcome would be a loss. Significantly, it will give discouragement to the other potential investors.
Thus, we should not be more confident about what we get because some people may not find the fit and would result in a greater impact of discouragement as a whole. In addition, even when the intention is good, but if the person lack of courage, patience, and aspiration then it would create a mistake; and a mistake of one individual may lead to an overall conclusive distraction.
If you get trapped I think you have yourself to blame for that. You don’t just jump into any kind of investment just because someone talked about having success from it, no matter how much they claimed to have made from it or how easy they clam it is, you still have to make some research it about if first or ask them how it works so you don’t jump into a burning flame in the name of investment. Not everyone makes profit. My friend joined Bitcoin for long now and he’s into trading, all he kept on seeing was loss till he decided to quit and go into training for it. |
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Economy grows depending on the leader in charge, because if the leader is corrupt then the economy grows very slow which lead to hardship of the state or country .But if he is a good one ,the economy grows well ,everybody enjoyS it fill comfortable.so for m i will say it fluctuate,is not stead.
Corruption is indeed an enemy of the economy, with corruption then all the competition is lost, it also happens in my country full of corruption, I hope that corruptors get the death penalty as in china so no one dared to corrupt. I would say that an economy can never grow forever because with the constant use of resources, we actually move towards the resource depletion and once we get all the resources depleted, the economy just stops growing because GDP is the name of production of goods and services and if you are unable to produce them, your economy simply stops. Thank to technology and its role in the growth of economy that is bringing forward sustainable ways to use resources. |
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