Bitcoin will always remain the king because of its dominance in the market cap. Bitcoin was also most of us first word when we started learning crypto and also what most of us always buy first before we exchange it to altcoin.
I am happy that in your young rank you know Bitcoin is. That means bitcoin still on demand even if the value of it drops down for now. Also, Bitcoin is the first cryptocurrency the reason why many people are still trusting on bitcoin because it is still here and they believe that bitcoin will still rise up again and they can still be able to earn a big profit on it. Ethereum is almost but it is failed to compete in bitcoin, the king of crypto will always remain on top. |
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I would prefer investment rather than saving because in saving your money won't grow but if you invest it especially in crypto you can assure that you can be able to earn a big profit on it. I think it's just like saving because investing in crypto is good for the long term so I think it's just like a time deposit on saving on the bank.
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In my opinion this is indeed a natural thing for humans. how could they not worry when their assets were at stake as trading and at that time the price condition was experiencing a decline. if we are still not used to be very emotional maybe even confused if it will still wait or sell. even though you already have experience that is also humane if you still feel that controlling emotions is not easy as many people say
no one could avoid this thing.we just should try to controll it or it will be suffer our self.usually traders feel emotional cause their trade has bad result.they didn't prepared their self well no matter that was experienced traders or beginners.emotional could be traineed so don't ever give up if we still feel emotional in our trade.make plan and it will help us alot . I would highly suggest setting aside your emotions especially when it comes to trading crypto because it's just like gambling. You won't always win the reason why you need to accept the result of your trading no matter how are it is you must be strong enough and be ready for it at any time. Trading is not just easy, you need to patiently wait first and probably your emotion will get you to lose from trading if you can't manage it well. Don't follow your emotions, instead, follow what you are in mind and the best analysis as well. |
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Hi guys, where do you think should i put my remaining $1300USD? Any suggestion please? and why?
In my own point of view, a $1300 USD is a good amount of money for investment, and i also think why won't you divide your money and invest it in different coins that has a good value such as BTC, BCH, ETH, XRP and etc. So you could double the price of your investment. That is quite a good idea, but here is mine. I think much better if you will divide it into two. First, you will invest the half on it in crypto because you can assure that you can really earn a profit on it. Then the other half is you must put up a business so that you can also earn a big profit instantly. You should always remember that the crypto market is very volatile and in investing there is long term(crypto) and short term(real state). |
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I usually don't get it when people are so much concern about the rate at which the price of Bitcoin drops or increases without understanding the reasons and the causes of that. Once you understand Bitcoin and the blockchain environment, you will not be worried whenever the price drops. Most investors do not understand the nature of Bitcoin.
Yes, you are right. You don't need to worry about the price because we all know that the value of bitcoin is volatile so it may rise or fall from time to time so there is no need for you to be afraid of. All you need to do is just keep on holding and wait patiently for the right time. The fact, we should always ready when bitcoin rises up and we should already accumulate it. Hoarding bitcoin is the best option not the situation of the market. |
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I don't think it's over but I do believe that if it will continue to drop dowm maybe it's for it to recover its high value. Many people are now losing a lot of money due to bitcoin price drop down and still not increasing so this will continue many investors will be lost their interest in it.
As long as bitcoin will not hit to zero value this is not considered it is over. Besides, let's prefer the bull run happen soon.
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In my opinion, I agree with you on this issue, I believe that cryptocurrency will be mainstream of the economy and everything will be based on a smart contract in the future but the crypto bank is not essential in this platform I think, If this cryptocurrency has a strong regulation process then it might be a very user friendly and credible platform, I think people's credibility is the best thing for sustaining anything for a long time. the crypto banking system is not a bad idea, but it should not be like a conventional banking system, it must be fully online based and smart contract-based, however many people in this cryptocurrency don't like this traditional banking system so it may bring a mixed scenario in this context.
Maybe soon and I do believe that they are now planning on it and also it is a good help to bitcoin enthusiasts especially to those who are afraid of showing themselves because they think that the government will arrest them due to its illegal. I do believe due to high technology cryptobank will be made in the near future so it that will happen it means that bitcoin is now legal so many people will be able to invest on it freely and without hiding. However, due to crypto is decentralized governments always afraid of this they want fully centralized so that they can manipuylated people who use this cryptocurrency, they afraid soon maybe crypto is one of their competitors when it comes financial investment. |
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I think so because this time blockchain technology plays a big role in our economy for now especially in Government where it can reduce the operating cost in a particular payment process so I think it's one of the reasons why it can boost our economy. There are different companies now embracing blockchain technology because it can make a good service to their company and it also helps to boost the economic growth to make payment processor more reliable services. Even the country of China they are now starting using blockchain technology own their own.
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Its price will not lose, its price will only dump but it will never go to hit zero.
I agree on you. I'm not saying that such event is impossible to happen because I always believe that in every situation there will always be a chance that it will happen even the slightest probability, but what I'm saying is that it's very ideal to assume that all of bitcoin holders will dump their holdings and never ever buy again. I'm sure that alts will die first before btc does because it is the pioneer among all, the no. 1 coin and the greatest influencer of market. Bitcoin is never ever going to die because it has been there for years and faced many difficulties but still surviving. We all know that bitcoin is there with the support of rich people and those who are somehow running the world. Even majority of bitcoin holders dump it, it is not going to die. But yes, bitcoin will decrease in value drastically. Well, own my own point of view if bitcoin will still drop down to $4000 many people will be lost interest in it because they cannot assure if they can still earn a big profit on it even in a long term. Actually this time the price of bitcoin is not increasing so many people are afraid to invest now because they think that they might lose their money on it. If you are one of them you are not a real crypto enthusiast, you should know how to be patient and wait until your profit was there. I believed that bitcoin will surge after several weeks from now on. The next halving is real. |
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Well, as much as I want to but in my place, most of the bitcoin enthusiasts don't want to be recognized because they think that they might get arrested by the government due to bitcoin IF is illegal in their place. Maybe the best thing to do is to make a group chat so that we can be able to communicate even without meeting each other personally. But sometimes we have an open topic for my fellow colleague.
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Buying bitcoin and altcoin more simple and easy than you have use your money for mining, buy investing with bitcoin or altcoin just waiting when price your assets is growing up and take just few weeks I think you get much profit and your money back, if you want to mining you have ready more than six months for get back your money if your mining tools running based on your plan.
Simply buying in bitcoin and cloud mining are having a hugely different, you can't purchase mining rigs at a small amount of your money. Well, I prefer the mining cloud because of it that way you can be able to earn a big profit without spending money on it. Maybe all you need to buy is the equipment or tools being used to mining but I think you can only buy once and it good for the long term. |
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Well on my own point of view I think there is no need for you to lose bitcoin just to learn because bitcoin is really expensive the reason why you must be careful especially when you send it to a wallet address. You must be doubled check it first before you send it because there is no refund or you can no longer get back once you mistakenly sent it to a wrong wallet address, in short, Bitcoin transactions are irreversible after all confirmations are done.
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What is the point of being a Satoshi Millionare if you owned .01 btc? Majority of us here owns that or above as Satoshi billionare. Though it's cute to be called as Satoshi Millionare but that doesn't mean we are truly owned millions of bucks. I wish we are.  Come to think of it, if I converted my few months of salary to btc, I can own 1 bitcoin already. just a thought. Then what will I call to myself then? A satoshi trillionare? Sounds good if we had on that huge amount on our wallet. Well, for now, I am not a satoshi millionaire yet but I do believe that soon I can be able to achieve that position the reason why I keep on believing that bitcoin will double it's valued until the end of this year so that I can be able to earn big profit and become a satoshi millionaire, billionaire and even you have said trillionaire. |
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I do not follow the rumors, I only focusing in price action. The bitcoin is stil in the bear market and it will take more months before it will go to sideways. Always remember that we should only buy bitcoin if there is a confirmation of market reversal where the bearish market will be a bull market. Well since we all know that the price of bitcoin this time is not so high but we are still hoping that it will rise up again until the end of this year. But it won't then we might wait patiently for its value to increase. By the way, bitcoin investment is good for the long term. I believed that there is ATH coming and suppose to be there is a next halving happen, so it worth it to wait for the long term. |
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at the moment I don't feel that way, bitcoin still has a very high popularity and I feel that in the future bitcoin will be widely used by many companies because it can be used for long-distance transactions safely and quickly so bitcoin will still be popular as long as there is internet access.
I don't think so. Bitcoin is still popular even though the price of it drops down for now but if the value of it rises up again many people will be able to get interested in it because they believe that it will be a good investment to earn a big profit. Maybe it will drop popularity when bitcoin price drops but when it is raises there are people use bitcoin due to the profit they can get when they are investing. |
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~snip~
Cryptocurrencies are more accepted nowadays. That is observable both in the media and in the actual world. Cryptocurrency transactions are also secure transactions. Cryptocurrency transactions are probably the most secured way of doing business. Everything's transparent as well as anonymous to a certain extent. I only have reservation about cryptocurrency having the top-notch security. It may not be fooled but it is always under attack online. And a single loophole in the system is enough for all the funds in the compromised wallet to be stolen in an instant. That is very well said and that is right. Well in terms of value bitcoin currency is really better than fiat currency. Also, bitcoin is a good investment. You can be able to earn a big profit if you invest in it rather than saving your fiat money in the bank where you can only earn a small amount of money. Fiat is a very low volatile and almost stable currency. Even if you are going to trade in forex exchange you don't know also how to read the market. |
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Whether we panic or feel relaxed about the price of Bitcoin, our emotions has nothing to do with its votality. Bitcoin will always change its value since its price is unstable. If we're not able to handle our emotions, we might make wrong decisions in trading. Holding is challenging because there will always be chances where we will doubt about crypto but we have to have faith and trust in the capability of Bitcoin.
Personally, emotions and excitements push me to more active work and analysis of situations on the cryptocurrency market. This is the cryptocurrency market where everything is not stable enough and there is no state regulation. From the start, you should know about this. I know when it comes to feeling and excitements we are all the same feelings. Because we are a human, not a robot who feels enjoyment and exciting when there's something happens. If you are already invested, just avoid having a daily checked in the market. Just do it even twice a week or in a month at least you have always an update when you want to cut your profit. Follow of what your heart and mind say for the better of your holding not by your heart that becomes more emotional. |
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Looks funny, but just that... "funny"! What's going on with the exchanges putting up gambling games lately?
They want to use their already userbase for extra cash I suppose....
Probably they somehow put a twist on their services. I remember that this is not the only time Yobit held a gambling game. They had a dice game before this. So this means that they have multiple services other than trading coins. Do people have a calling for this? A site with a combination of exchange and gambling game? Well, sounds great. Just like all in one site and you can enjoy gambling while your head seems to be broken form a very stressful mind in trading. I think they want to build a big community whereas you can find all that you want in others. But the big mistakes they have are the unresolved problem and hopefully, it can be resolved and people's trust was back into this company. However, I did not play on what OP has shown an image looks like racing but I don't have an idea if I am right. |
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Bitcoin indeed lose some popularity this past few months due to the dumped that happen, let's accept that fact that the reason why bitcoin got so recognized last year was due to its unbelievable price growth. But every time bitcoin price got dumped the popularity it got from the pump slowly fades.
This was I also noticed too, when bitcoin pumps up there are too many people adopting on it and start to invest as much as the can. If they have an idea while the market hardly drops the price they will invest so that they can make a profit in the long run. But they wanted a short term investment and too late to jump in and accumulate numbers of bitcoin while it is in pumping up. They were losing interest when the price had a downtrend. |
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Of course, I ama belong into a bull group, I did not sell my bitcoin nor convert into altcoins. I prefer to hold and accumulate dif there is a fund that I can afford to invest in the long term. In this strategy, you can also help the bearish the market to become bull because of accumulating and investing bitcoin. Even whales there's nothing they can do if they will belong to bull group.
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