This is not usually so, it depends on events, crypto trend, news , demand and supply. These factors cause rise and fall of cryptocurrencies. So whichever day occurs to be rise or fall day, its never constant. Its just a trend and can change as these factors occurs.
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The boom is caused by the inflow or huge investors buying large quantity to store. This makes the price booms as it will be scarce to buy and many people will be willing to invest. As there are more buyers than sellers, price will Increase .
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Bitcoin price will increase as more investors increase and as more huge funds are channeled into buying it. Many other cryptocurriencies has been created on the blockchain technology, this has contributed to the popularity of bitcoin.
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I won't give up yet on bitcoin. A dip is not the end , its just an occurence that will be overcommed very soon. Bitcoin is not dieing and won't die. Bitcoin is here to stay. No amount of fud news or dip can kill bitcoin. We will all see the dream come through. Bulish run will return very soon. Lets be ready for it.
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Everyone country coming with their bad news about bitcoin all because they don't want it to overshadown the fiat system and be generally accepted. They are creating FUD. Whatever anyone might say, there is no investment without risks. The investors knows this already. Bitcoin will overcome all its haters.
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Everything we do in life is risky, and its always wise to take calculated risks. Its not advisable to invest all your life savings into anything either cryptocurrency or real estate. The best thing to do is to diversify. Divide your Investment into different sections and invest in different sectors. Should incase one collapse , the others will augment for it. Your future is your action today . be wise.
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I think this is a good development. Binance is the no 1 crypto exchange, it has really earned some fame and has a lot of users. This will make it more popular and widely known and take crypto and blockchain mainstream.
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There is no reason to panic, the market is always full of ups and downs. A good trader will diversify and buy when there is dip or fall. Never buy when its mooning or growing. When this is done. Then you are safe.
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This is very helpful. I will emphasis on everyone should avoid using other people's phone or device to loigk to our wallet. This can really enhance hacking and loss or funds. And also, the use of 2FA is very important. And lastly, avoid clicking of unknown source links.
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I don't think anyone can get hacked through this process. The chances of creating a keys that will tally with an existing. I believe more security measure will also he taken to avoid this kind of machines or occurrence from running.
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The only way you can recover your old wallet to check of you have something in it is if you saved the recovery word phrase. , its only with this phrase that you recovery and access your wallet to check if you have Bitcoin in it or not.
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In the next 5 years, cryptocurrency would have been in good shape, well regulated, making use of some good project in real life would have started happening, scams would have been eliminated to almost zero level. And investors will be able to invest big without any fear or panic.
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You have made a good point. In addition, never sell at a loss, always take profit when you make some gains, always do research before investing and watch out for news.
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Trading is about rise and fall in price as result of buying and selling actions. No one would expect the price of Bitcoin to keep growing without reducing. There is no reason to fear at any point in time. Just note that you should never sell at a loss or panick sell.
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Everything that is done by the media is for a purpose. Sometimes the media give wrong info or amplify them . and The media are sometimes paid to do these., they need to carry everyone along it and things around it. There is nothing wrong with this, it only affects the newbies and those who dosent understand the game.
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This is simply because its more profitable to buy and hold at dip as newbies or panickers will sell off at some level of dips. Its certain that there will always be rise . so real investors hold their bags and add more to it whenever there is dip to make more profits.
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We hope this is true. But the way thing are going in the crypto market is scary and always want to make you sell your holding even at loss. The manipulation is deep and only the strong can hold any coin at this time. Its certain that market will be bullish, but we might see more dips before then and then a major news will pump it.
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No one really knows the ultimate goal of Bitcoin except the creator. The believe of Bitcoin to replace the traditional fait currency is goal that I think might one day be achieved. Not minding whatever criticism and hatred it faces from the haters, Bitcoin is achieving new goals daily.
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A me for said "everyone will not be there at the same time, it will be different times". The understanding of bitcoin and its technology is unclear to many people and so they can't invest in what they don't understand. Lack of information , fear of losing their investment is a major factor affecting a lot of people from investing into bitcoin.
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The identity of Satoshi Nakamoto is still anonymous up till today, no one really knows him in person or give his real details. But am important thing is that he pioneered a system that I think will change the world positively and everyone is and will benefit from it.
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