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Bitcoin keep on falling down and no sign of raising. How long can we keep holding?
From my point of view, the patience is the key of any success. If you found that coin you are investing is very potential, don't let your eyes in it while the market is fluctuating. As you can see that the crypto market is just in beginning stages, It still has a long rung ahead. So, I believe that it would be very popular in the next time. There are some good sign of recovery in the market now. Keep holding your portfolio. |
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I've been viewing the current crypto market. It was dumping over the last three months. However, it bounced up to almost 7k recently. I think 6K price is strong supported price, there are too much investors make order to buy BTC at this value. So It's hard to get lower and its perfect time to buy more BTC because there is good sign for recovery and the price chart is the same as last year. I truly believe that BTC would go back again.
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Hello, Im new in crypto and have a question (a stupid one).. I never really gave it much though and now i wonder. Is price of bitcoin so high (compared to altcoins) because it is so much superior or is it just because it is THE coin - the original one. Cheers  In my opinion, the price of bitcoin is not too high. Because it is like a fundamental coin and common coins. Beside, BTC is still running well under the steady blockchain technology. Recently, there are several coin trying to replace the 1st coin in the cryptocurrencies. However, the crypto market still depends much on the fluctuation of BTC. But BTC keep increasing in demand, It's actually hard to other coin has ability to kick BTC out. |
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In Asia country, they think that investing in precious metal is best way to save their money. Because It can exists forever. But they don't know that keep their money on precious metal would not make the profit monthly. However, in the long term, it could bring a big benefit because the precious metal is gradually scarce in the earth and there is a lot of demand as jewelry. So buy gold and silver is still not a bad option.
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The cryptocurrency give me an opportunity to earn more extra money in my spare time after work, especially in the last year. If you are a person who get a little salary in your job and have the knowledge about the crypto . Lets join in the crypto market and take the profit to you. However, you have to be patient, conscious and wise when invest in the cryptocurrency because it also too risky.
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Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?
As my point of view, If we do all of transactions under cryptocurrecies, it would be a big problem. Firsly, the country economy would be harmful because the government doesn't have any tax to pay the social activity of the country from the transaction. The living condition of civilian could not be improved. Secontly, they can't control the money flow of the country. Its time for smugglers and money laundering activities. |
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The current crypto market is bleeding but there is some good signal from the market. The BTC price just bound up to 6k5. There are several alts recovering to its price. However, the demand of investors is still less than the supply of the market. So, The crypto market is still in the downtrend in the next short time, personally. If you want to invest in cryptocurrencies, I think it's not perfect time to do your investment. When the BTC price goes down reaching 5k, let's make your option.
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As for me, i will not let my savings stay in my pockets without interest. I've separated my money into 4 parts: I use 10% of my budget as for emergency situation and lets all of my family know how to take it in case i could not control. 60% of funds is used for investing in real estate. The last 30% of my money is invested into the crypto market. It's risky but i also have a chance to bring benefit from this market.
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I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?
What you are suffering from the bleeding market is the same as me. I've bought BTC as 7k and then i decided to invest into some alts. As you see what is going on in the market. I'm now losing 50% of my asset. However, for long term i still believe that the crypto market would get back soon. The BTC price now is getting to strong support line. lets see what would happen next time. |
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How much do i need to start trading altcoins. I would like to know what would be the ideal number.
Thanks!
There are many factor that you should know before start trading altscoins. Firstly, patience and discipline play a important role for trading. You will always get effect from the market so the strong mind is what you must have. Secondly, you should have your own strategy. The last one, large knowledge about crypto market is indispensable. So small amount in the beginning is good to familiar with trading then you can double it time by time when you have enough confident. 200$ is my suggestion. good luck. |
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of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?
Honestly, BTC is still dominating the crypto market now. Whenever there are some moving from btc, the other cryptocurrencies will get effect from it. BTC is like a foundation of the crypto house. That's why i always want to see another coin can have a huge potential to against with btc. At that time, the crypto market would be balanced. The cryptocurrencies wouldn't depends on btc anymore. |
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In my opinion, if most of people try to hold cryptocurrencies for a long time, it would pull the price up because the demand is lager than the supply. But its not at all, price also get effect from the market and the team behind. If the developer is not good enough and the market is going down all of time like the crypto market recently, its price would be affected.
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As a matter of fact, it is very few number of noobs in the cryptocurrency business that understand the level at which patience is required and valuable in the business. I do tell my friends around me that wish to come in to the business “it’s only patience ones that would feed from the milk of a lion” . I bought some coins few weeks ago, which I decided to hold while it was dipping but I keep holding with zero fear and absolute patience. Presently, i’m In over 47% profit in all. My advice to my colleagues is all you need is buy into coins with good potential and relax even while it’s at dip. Trust me, you won’t live to regret anything if only you would be able to hold with patience. Thanks
I'm totally agree with your statement. It's sound like easy to keep calm when making investing in the cryptocurrency business. In facts, most investors can't manage their emotion. Its is influenced by the fluctuation of the market. Especially the crypto market got more speculation. So patience is the key that lead to success of the life. |
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What kind of investment that you want to do? If it's long term investing. it's time to buy BTC because its price is actually cheap now. In my opinion, BTC would come back soon. the price of 6k is hard to be break. There are a lot of order waiting BTC at 6k price. If you want to invest in short-term. Trading is my advise but at this moment you don't put money in the market because it's bleeding now.
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Many government are seeing Bitcoin or cryptocurrency as a threat to their financial system and they think it should be regulated to solve the problem. Do you think they can regulate Bitcoin ?
Personally, bitcoin has to be regulated by the government. The btc price is going down significant recently without getting supported. It proves that the investors is doubt about bitcoin. Because its still not accepted in some country. Whenever BTC was approval, it would be a new motivation. Thats why i think they could regulate Bitcoin in the next short time. |
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why do you think btc can not be a global currency? BTC now have a largest community. It has a lot of advantage for transaction because of its own technology. The problem of btc now is still not stable in exchange. There are more speculation of btc. When btc is accepted in banks, it's time BTC be a global currency.
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Hey guys, i need some suggestions and opinions about this.
There are several main Factors that affect directly to the price of BTC as following: - The negative or positive news is one of the cause that make people get doubt about their investing. - The demand play an important rule in this market. - Whales those people have a large asset so they can make some affect to the market whenever making deposit or withdraw of bitcoin. |
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In my point of view, it's never too late for investor in Bitcoin. The crypto market is potential to get more profit. Although its actually harder than the part. You just have to study carefully before making a decision in this down trend market. If you still trust in btc , the easy way is holding it until the end of this year. You will probably earn considerable profit without getting effect from the fluctuation of market.
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In my opinion, it's actually hard to beat bitcoin at the moment. As you know, Bitcoin have a strong foundation and largest community in the crypto world. Although BTC price is still not stable sometime.In the next future, i hope there are more Coins that can compete with BTC . It would make the crypto market more balance.
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So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
That's bad. I've experienced the same situation. I think most of investors have been got FOMO at least one time in their investment. the matter is what will they do after that? Well, Its depend on the way of the investment. In long term investment, you should remain holding this coin if its potential project. In short term investment as trading, Selling this coin in right time is not bad idea. My recommendation that you should sell this coin at the temporary high price then keep buying a potential coin at top 10. |
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