Bitcoin clocked six-day highs above $9,000 over the weekend, but a long-term bull market revival may not be on the cards, yet. Having clocked a high of $9,070.64 on Saturday, prices again fell back below $8,000 briefly on Sunday before climbing again. CoinDesks's Bitcoin Price Index (BPI) was last seen at $8,772. The cryptocurrency has appreciated by 9.70 percent in the last 24 hours, as per data source CoinMarketCap. Bitcoin (BTC) is also close to 40 percent above last week's low of $5,947.40. So has the cryptocurrency bottomed out?
So far, I want to believe we have gotten to the bottom, bounced from it and waiting for a rally. With the good news and some adoptions from all over the world, as well as the level at which development would start occurring on bitcoin's protocol, I believe that we are in for a nice ride in this 2018 and only those who are confident enough to hold, then they will always reap the fruit of their patience. Not having the ability to think long term is obviously as a result of their ignorance of the stage bitcoin can get to or simply just do not know the importance and benefit bitcoin is going to be bringing which will make it a household currency all over the world. People who know this already know and nothing can change that, which is what differentiates the true believer from someone who just wants to get rich, as the former see the bigger picture than the latter. |
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We all hope that Theymos aim for creating the merit system; which is to bring sanity to the forum is achieved. Though alot of people dont like the system while some does. It will be impossible for anyone to sell a huge amount of merit without been noticed. Many peopIe here strive to get merits but I always tell people, do what you know how to do best; the merit will come on it own.
Normally, those who are here to learn and contribute absolutely prefers the merit system while those who their main aim is just to come make some quick bucks are the ones who will not prefer it as they will end up stuck in one position with their shit posting. However, some may feel it is not fair, since we still have some legendary shitposters anyway, but life generally is not fair, and looking at the good side of it all, at least, it has brought some sanity. |
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In simple words bitcoin trading is a gambling and you must know what it needs to be a good gambler
Those are stories that touch mate. Trading is not gambling in any way, even though you make predictions and you are expecting an outcome. If it is that, life generally can be considered gambling. Trading is a profession, and if you do not see it as that, that is when it becomes gambling. You have all you need to make decisions and if you make those decisions and things do not turn out your way, you have your stop loss and most of the time, if you know what you are doing, you won’t even consider your losses as a problem but even a win. Only a man with no strategy when it comes to trading is gambling. |
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If you mean ICOs, then you should make a complete research on their teams, their social media platform, investigate their profiles in LinkedIn but don't be fooled some of the profile still tends to be fake. You should also read their white paper, probably you might see if it may interest you to invest in. But be VERY careful, after all this, there are still some fake ICO that would pass all this and still be a scam. You just have to be careful.
The truth is that there is no way to find out, unless someone else or you yourself falls victim of scam in that site. Even if you make research, you will only find out whether an exchanger or ICO is a scam from people that reported as case of being scammed online by them. That’s why I’m not used to all these new stuffs that claims to give heaven and earth, they’re all fake. I prefer the old popular ones in the market. Another way to find out if an exchanger is scam or not is from what they promise in return. Some of them will claim that if you deposit $100, you will $10,000 in a week. Wow, what type of organization would give such an amount? It’s a SCAAAMMM!!!!!! You can always find out. You do not need to fall victim or someone else should fall victim, the handwriting is always written all over the wall and it just requires some little research on your part to be able to get that done. Most people who have fallen victim are always the ones who blindly invest in a project without checking out if they are qualified or not. Have you checked the team, do they have a product, do they have any past achievements, do they have what to look forward to regarding development ? All these are the questions you need to always ask. |
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This is a good decision by Facebook to curb the nefarious activities of some ICOs although traffic-wise this will reduce the income accruing to Facebook but I belief this is a right decision to restore sanity into the system and to reduce scams.
Honestly, at the end it only affects Facebook hugely considering the amount that is being generated with those adverts of ICOs alone. It must have taken a huge one to be able to come up with the policy of not going ahead with advertisement of ICOs. On the other hand as well, it may have just a little bit of effect on ICOs, knowing Facebook has never been the only source where they get their traffic, and from the look of things and how ICOs have been so far, I can say they are still doing pretty well. |
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any income from any field of business will surely be a regulation on taxation which is a duty which must be adhered to every citizen who occupies a country. samahalnya with the other adasebuah taxes that are on the bitcoin that I feel when I do a delivery of bitcoin assets that I have exchanged in exchange exchange in the local bitcoin wallet that existed in my country to be the official fiat currency that existed in my country. the tax deductions I feel when shipping my bank account number and not yet cutting when I will take the money from the bank. and I think it is the same as a tax imposed on bitcoin.
Tax is money that people have to pay to the government. The government uses the money it gets from taxes to pay for things. For example, taxes are used to pay for people who work for the government, such as the military and police, provide services such as education and health care, and to maintain or build things like roads, bridges and sewers. Normally, anyone who sees tax as a duty will really not have any issue; however, this tax problem is difficult for some people based on their corrupt government. Yeah, like you have said, it is very good for provision of services and infrastructures, and to always put some good structures in place, but how many of these countries normally utilize these taxes for all those things ? I am not against tax, I am just against corrupt government which if I find myself in one, and tax definitely sucks since I do not get the value to the tax I am paying. |
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Hahaha i don't really believe it, having a woman beside a gambler for luck is insane and worst if it is your wife because tendency is you will distracted or out of focus especially if you have a nagger wife and cannot relate the kind of game that you are playing. Expect a fight when you reach home.
Normally, you would not even want to take your wife with you to a casino if she is obviously not into it and moreover, why do something your wife detests anyway ? That is even by the way! Most times though, I have seen 2 parties coming to casinos to have fun and in most of the cases, they can even decide to be having those fun together and whatever the outcome is, then accept your fate. However, painting the picture of a nagging wife like you have mentioned, just expect all hell to break lose on your head if you lose. |
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There are many investors who ask us daily if it is psoible that the Bitcoin flies to its maximum of US$ 20,000, or even a little more. Looking at the graph below gives the expectation that a new bullish cycle will start. https://criptotendencia.com/cotizacion-bitcoin-online/What do you think? We can't say it yet,bitcoin is still unpredictable and volatile we should not rely and depend on the graphs.Although predictions are not 100% accurate but imo there is a possibility that it will rise in the near future,but im not quite sure if how much will it get,maybe its more than 20k. This is absolutely an unpredictable market and anyone who is giving the other an affirmative statement definitely does not have a single idea of what they are saying. Honestly, I do not know what the OP needs, and if that is hope, then he should just know that there is a possibility, bitcoin has a lot of good things going on and no one can definitely say what can happen, but for now, we can only wait. There is no soothsayer here and we can only deal with whatever the chart gives us. Is there a possibility? Yes. However, the same way we have a possibility of going back to the previous top is the same way we can have a possibility of testing the previous bottom so many times. |
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In fact, you are not considered late, but now you can make big gains if you can invest in it, so I think you can buy Bitcoin and then buy a Altcoin so you can replicate Bitcoini in your hand.
Anyone who is not even considering investing right now, may just have to consider themselves very late to the party when the whole bull rally starts because at some point, it definitely will. I wonder why people are always very skeptical to invest. At the top, questions about investing or not and now with a dip, seeing people still asking the same question makes me wonder if they even have a single idea about what they are investing in because if they do, they would care less about the value they are even buying now. |
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technically end of holidays means traders will come back and also a lot of money will come back from investors to be invested back in bitcoin. so it can lead to increase in bitcoin price.
but mainly the effect that Chinese holidays had on bitcoin was a little part of the recent panic sell because people thought the price will drop and so obviously when it is over that same panic sell should reverse and lead to a little part of the rise. part of the current rise we are seeing now may be because of that.
Yeah bitcoin rose to $11k but it has been having steady rise before the Chinese new year rounded up. These guys are part of the puzzle but I guess people just like hyping the whole thing about the Chinese like they have the highest percentage of the market when of course we are talking about the global market here. What even makes people think the smart ones among them are already not in? I personally have always felt that the whole Chinese year thing affecting the value of bitcoin has just always been overhyped. Sure, new traders may start wanting to get in, but it is usually a coincidence as the market has already been picking up even before the Chinese new year ended and now that it has, not like there was a head on collusion of bulls on the chart from what I am seeing. |
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Can anyone help me to decide if what coin is good to buy now
Bitcoin is the current trending coin because it is high cost and high profitable platform. But if you invest know it make 2x profit in next two months. So you should invest in Bitcoin is the right investment and all other coins are good potential platform but it is not supported to everyone you are expert in the crypto market you should invest all the coins else Bitcoin is the only trusted coin. As far as I am concerned, there are only two coins; bitcoin and altcoins. Every other coin fall in the second category and then fighting for space to survive, while bitcoin is far more established than any of these altcoins. So why choose the Chiefs over the king ? Bitcoin will always remain on my top list, and unless I just see a different project that attracts me in an altcoin and the chances of having great usefulness in the future, before I can consider any alt and that was what made Ethereum never to be a bad option as well. |
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sell high,buy low but you need to know if the coin have potential.😊
Potential is just part of the puzzle. He really needs to check to know if he is not gambling. It is one thing to hold, it is totally another thing to trade and from the way the OP has sounded, he is just busy doing the normal of buying low and selling high which if he really does not have the knowledge or strategy to know when exactly to buy, when to sell, when to stop loss and exit a position, then he is gambling and not trading, which could get him screwed very soon, and he would wish he never started trading without learning. All the above, this is based on the assumption that he does not have any trading knowledge which is obvious anyway. |
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Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.
That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now. Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying. |
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my suggestion is you can buy right now, no matter how much the price and then you can wait if the price is down again or even after you buy bitcoin, the price increase high. I think you don't have to wait for anything to buy bitcoin and you need to determine how much the price you want to buy and follow the price in the market. but you need to know that if you buy bitcoin at any price, there will be any risk that you should take and don't panic when the price is down.
One thing about the sentiment of most traders is that, a lot of people normally do not love taking risk and this is the main reason we have few wealthy ones and a lot of poor ones. They are so pessimistic in nature that they see everything to be half empty than being half filled.Bitcoin is down, rather than looking for ways to buy more, all they will be doing is laughing at your face and telling you how stupid you are. I guess only time will tell and make us know like you said, who will be laughing last. Earlier last year, when the value of bitcoin was lower than $1000, none of us could have thought what we have as a bottom now, and we could even get past that as ATH before the end of 2017. One thing is those who listen to FUDs, panic and sell at loss will always be the ones giving the whales and institutions what they want. Once in a while, they play with the market to make profit from the weak hands, I guess for those who prefer being one, they can always go ahead to sell out of panic. |
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Because crypto made trading so easy for every user to do it became a problem for those who are getting easy addicted by activities that prommise easy money.
Those who have gambling addiction might develop an addiction with trading because is is a fine line betweeen the two. I advice those who know to have this kind of problems to stay away from crypto or assign someone to manage theyr portofolio because it could wuin them.
I have a friend who got over his gambling addiction after loosing all the money, car, house and famlily. He was clean for 3 year and the got into crypto trading. This was a slope that got him to gamble again and invest money he can not afford. The difference is that now the admited he has a problem and is getting treatment for this.
So my advice is to be very carrefull about this game. Dont let it ruin your life and dont be ashamed to get help.
Gambling is a total different ball game and anyone in this sort of environment looking for money, is definitely not making the right call, because they will never find it. However, when relating what the OP said to general investment, the idea of making use of every opportunity, waking up every day and expecting something new all makes it ball down to the fact that we all want to be part of an existing future. The truth is that no one wants to miss out, and even if I find myself in the crypto investment world a huge percentage of the time, I will only count it as being smart and not addicted. |
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everything is possible. We all see how bitcoin is growing rapidly and falling even faster, but I do not think we'll see $ 100,000 this year! But I believe that the price will be such
When it comes to bitcoin, even the experts fail to predict its performance. This is the reason why everyone admires bitcoin and why it has more investor than any other digital currency. It can make a person millionaire within months. Bitcoin is in its dump phase and if someone buys 5 bitcoin, he will be a millionaire after a year at most. There are many other ways to accomplish this achievement but none is as easy and simple as buying bitcoin and holding it. Why do you believe something when we have not even been able to cross one border that is stopping us from moving ahead first ? As much as I want to tag along with your faith, we just have to be also realistic. We are still in a shape where we do not even know where we are going next, but one thing is that we are still all optimistic, but there are just something we all know we cannot predict asides making baseless assumptions which is how I see this right now. Let's even finish breaking all the barriers above us, test the previous ATH, and then see where we go from there. |
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I am eager to invest for now. But, I am still confused which coin should I choose. so much of his coins are good to invest. I just want to get the best coin among the good ones to invest .. please me, give me feedback.  It is still up to you what coin will you choose. My advise to you is make an study to your prospect coin before you make a decision what coin will you choose or buy. As of today there are many choices which coin are profitable in the future and still up to you what coin will you choose to invest. In fact, the best is to start with the team. To be on the safer side, anyone or the OP can just stick to the few coins that have always been on top of the market cap as that shows great strength and support as well as safety. For someone who want to take some few level of risk, looking for some good projects that are so undervalued and have the chances of huge growth, would make one not to miss those sweet profit. Bitcoin to me right now is more like a safe zone as well as Ethereum, LTC and Dash. COSS is one I am even banking on the most right now. This is one token with a great and huge potential to make any investor or holder extremely rich. |
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$10k level achieved, and it seems that there are no resistance coming in from the other side of the market righr now though it's still early to call if this will hold or not. Price is still dangling in the lower end of the $10k mark to the upper regions of $9000. Charts don't seem to indicate any potential drawbacks so I think this will be a good ride for the coming days.
Honestly, I really thought that $10k resistance was going to be a huge thug of war but there was nothing really to it. That shows some level of trend with what we are having presently. Sure, it is still too early to fully say we are done yet until we are done and until the chart says so, but I want to be very optimistic with the market now and see how the year starts with new highs. There are a lot of huge resistance awaiting bitcoin, but I am very optimistic that this market is back and even back stronger and we will get to see us breaking them very soon. Patience is all that is required as we obviously cannot get to see this happen just in one night, so let's keep hopes up that we break them, shatter them and start the trend back up. We stepped past the $10k already, let's hit the next one. |
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What is it with the Chinese New Year and Bitcoin's recovery? Why do some spammers, I mean, people believe the Chinese will suddenly pour all their money in Bitcoin on that day?
It does not make sense. Please explain what the Chinese culture is regarding investments and speculation when their "new year" comes.
Spammers? lol even a Legendary member agrees with me... "Historically January has been a month of declining prices only to recover and grow again after Chinese New Year. I expect the same to happen this time, especially with some of the recent good news like the positive notes on crypto in the US." History repeats itself doesn't it? At the very least in the Chinese crypto economy the traders that took off will be back in the game, so on a micro level, it will go up if not greater on the Macro based on history. Love not Hate will uplift and fulfill the prophecy of Nakamoto my friend. Right, history repeat itself and even though people have been skeptical about the Chinese or basically those who the lunar holiday affects, to have major effect on the prices of bitcoin, one way or the other the highest pump has always come from there which was the reason coinmarketcap had to remove the exchanges from their platform anyway. I am not sure if after the new year, new funds will start popping in from here, but whatever is good for volume now is good for me. Hopefully, we will get to see many massive boosting to happen this year. History always has a way of repeating itself, and if that ends up happening, then that would affirm another level of history repeating, and removing some people's doubt. I am optimistic that we will start seeing some volume kicking in now even with the situation of the market, so from here onward, we get to see where it leads. |
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In November/December we experienced some of the biggest growth we've seen in bitcoin and many would argue that it was not sustainable and a correction was due. I think we can attribute most of the initial fall to that, say from 20-13k.
After that we had a wave of mostly bad news, some true, some not:
- South Korea to effectively ban all cryptocurrencies (not true)
- China to limit access to all foreign cryptocurrency sites through their great firewall of China (not true)
- Facebook to ban all adverts on cryptocurrencies (true)
- Lloyds bank to stop accepting credit card payments for crypto transactions (true)
- India to ban cryptocurencies (not true)
- Senate hearing on cryptocurrencies (turned out to be positive but many feared it would not be)
- Chinese new year leading to much funds to be withdrawn from the market to fund expenses
- First round of futures contracts ended
I have probably missed many other things that happened in January because it really was a lot but this will give an idea. All of this leads to great FUD in the market and people sell low and whales take advantage of this to push the price lower so they can stock up.
Always like that and which most of them are spread just to make the weak hands suffer. At the end of it all, the percentage of the false news are always higher than the true ones, and before most of the panicking individuals may find out, it would have been very late. You even tried listing some of this, I just got tired at some point and stopped reading any news pertaining to crypto as they were just so pissing knowing some people are just bound to keep manipulating and making profit. |
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