Buying and holding for long-term is my ways of making money from cryptocurrencies market. I don't too waste my time by analyzing the market using technical or fundamental analysis but I do buy low and sell high to make money. However, this year 2018 has not been too good.
Yes, everyone certainly knows the best way that works for them and buy and hold strategy is obviously not a bad idea as long as you are comfortable at the price you are buying low, have enough patience and time to always wait for the market to develop before making any selling attempt and vice versa. A lot of people really would not have so much time trying to analyze the market as they really would not know how, but at least as an investor, and sticking with some principles and policies of buying when everyone is fearful and selling when everyone is getting greedy, I am sure you would not miss it. |
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Would we ever be able to see (know when) wealthy finance companies working together to buy and sell bitcoin (lower), deliberately throwing money away to lower the price? Add in the $ that's made from shorting the coins (btc & eth shorts have record highs), and they can minimize their losses. No regulation, collectively billions to throw towards the cause, makes for an easy way to manipulate the price downward. With no regulation (anyone can buy and sell any amount) and the majority of BTC trading volume being worthless (traders and bots running trying to buy and sell enough to make a few bucks), how much selling would it really take to continuously drop the price? There was a record breaking 10,000 BTC short placed earlier in the week, just before the recent selloff dropped the price. Who knew? The sellers Taking into account the $ made on the shorting btc and eth, does anyone know what it would take to continuously drive down the price? IMO, I don't think as much $ as people are thinking?  Manipulated bitcoin price is not easy, even they have big money and news sources to give impact into market users what you think is not right. If someone can do that I believe crypto is like stock, just need one call to create new price on broker market. Keep positive with bitcoin and just follow it, we will never become leader into financial instrument. Think again please. Apparently, crypto is like stocks, and just a more digital version of it, since it is a global thing in this scenario. Manipulations are always going to be there and it is nothing new since it is a speculative market and how ever the big whales want it, is how they are really going to drive it. It is all about trading emotions on the chart for them. However, this is just a way for them to gain huge position in the long run at the losses of the gullible ones, it is only left for each individual to make the decision on whether they want to be gullible or not. |
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This trading strategy in crypto sounds easy, but it's not that simple. Selling coins can be done when prices are high, that's an opportunity we can take to get a profit. And no one can really predict the bull market in the crypto market.
It is really not that simple because as long as you hit the chart, you will have to start making some concrete and fast decisions. The problem though is that a lot of traders want to have it all. When the market gets above the breaking point, they still want to hold on to it, and trying to see if the bulls will keep pushing it higher, and for a volatile market, we are all so conversant with how the market can drop pretty fast. What is important is not to get greedy, have a plan on how you want to be selling before even entering the market, and stick with a very good stop loss. |
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shows 160 as quite a soft level-(( Your info is useful. Appreciate you. Wondering what a BIG UP GAP will happen when price touches 150.
Fortunately, I have sold out previously and now can buy what I want for low prices. But I don't believe that eth will recover 10x times to 1400-1500 in the next 5 years. So I am going to buy KGT token provided by Kamagames and backed by its successful working business (not a startup) with 250 full-time employees and $50M annual revenue.
Extremely useful as this gives a great insight of the market and how people and investors perceive these important regions. I have been expecting to see some good bounce at this $150 region anyway and probably even before then, and for cases like this, I can imagine how the market can quickly react based on volume at this region which is what I am waiting for anyway as I really do not want to expect so much but at the same time, use the price action to judge when to be getting in, but really this is a very good insight. Moreover, I am not surprised at the level of support within the $150 region as this is a very good demand zone for the ETH market and it would take some crazily huge heavy drop to be able to hit lower than that. No one knows what the future holds anyway, based on the perception of the market, buy orders can be changed, but as it is, this should be a good point to be buying with a stop loss at least below $145. |
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Depends on the coin if you ask me. I mean if its under 1 dollar but the marketcap is big and the project behind is good than yeah it would make sense to buy it but don't expect any coin to be going x100 just because its under 1 dollar, there is no correlation between having a low price and going high. Just because a coin is under 1 dollar doesn't make its marketcap low neither, it can have a bunch of supply which could mean that the price would be low but the marketcap would be high. That causes the price to keep being low because generally speaking the mining process is fast as well. I suggest checking marketcap over the price method.
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You can personally think anything you want, in the end bitcoin has been dropping in price for 10 months straight and people will not care what you personally think when the price has been under 8 thousand for the past 5-6 months. We are in a 10 month bear market and have not seen anything more than 10% price increase for over half a year and that means we are NOT in a bullish market right now. We might be in a dip market where if you purchase right now you will make profit either small or big since its dip anyway but being in a dip market and potential to make profit doesn't mean we are going to be in a bull market.
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I think all of the casinos right now are kind of blockchain technology. I mean what do you call provably fair dice websites if not
blockchain technology ?
Or what would you call satoshidice which is the first dice website deciding on if you won or not back in the day ?
They are all based on blockchain technology and I think funfair is not something new in that regard. They are just improving with new innovations and fancy naming but they are not going to be THAT different in tech based parts when it comes to it. They will be alright but not some godly difference between funfair system and other systems that is currently used.
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People keep talking about 1 million dollar price valuation for bitcoin but you are forgetting one crucial information for such price ; the market cap. If bitcoin reaches one million dollars per bitcoin than the marketcap of bitcoin will become 18 trillion dollars give or take. 18 trillion dollars is more than nasdaq and nyse all combined, you can even put up like 10 other big country stock exchanges on top of those two and still won't have enough to reach that market cap. I am sorry but I do not believe that is remotely possible. Bitcoin can't go bigger than 10 biggest stock exchanges all by itself. At least not right now, can it be one million dollars when devaluation of fiat gets to insane levels? Maybe. But not right now.
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In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. [c olor=red]Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.[/color]
I think patience is incredibly important in bitcoin however you are forgetting that as well as patience you need to know what you are doing as well. Research and reading and chatting up with others are very important as well. You need to be wise and knowledgeable about the subject as well as what you can change as well. I mean you can wait and wait as much as you want but only thing that will change is already out there known by people who already researched it. I suggest talk with others, ask other people, no one will be bored, always keep asking questions about their favorite coins and compare what would be working for you and prefer as well. |
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Supposedly Satoshi holds over 1 million bitcoins, do you guys think he will ever end up selling his stash off? At one point he was worth over 20 billion dollars and at current prices he is worth over 7 billion dollars which is a staggering amount.
No. If he wanted to he could have sold his coins multiple times already, the prices have went up insanely and the dude is said to have like a million bitcoins and his address is known and his accounts are known, they are all inactive and Satoshi himself last said he is interested in some other project and apparently never became online ever again after that. Considering this dude created bitcoin all by himself (well maybe got some help) he can certainly create some other huge thing and he probably never again had that money problem. He can also be dead considering his inactivity and not even responding. |
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Well ... casino in principle profitable business ... due to this much where prohibited. And yes, I did not think about it, but most likely it would really be good to try it .. casino with blockchain technology. Great)
The truth is that so many wannabe crypto casino platforms have come and gone because they could not withstand the competition in the space and to be able to do that, you really have to come up with your own unique platform and not by purchasing scripts which is totally the most wrong thing to even be doing. Every business requires a great effort in doing things right to be able to get the best from it and you must have some huge amount in your pocket to be able to start as well considering the nature of the game. |
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I believe that the addiction is a completely different topic in this case (of course connected, but probably needed to be treated as a side topic).
For me personally, gaming just provide completely different experience and incentives than gambling and in some cases is complimentary to gambling.
It is absolutely a different and even a well interesting experience than gambling as far as I am concerned, most especially for those who are seeking fun. At least with gaming, you are utilizing your brain to solve some riddles, and you are trying to overcome certain challenges but not in the name of winning some money but for fun. If fun is the major reason why people gamble, then gaming is a whole lot better when it comes to having fun. The only exception would be people who are in it for the money, while some may realize, they still need to be able to control those winning impulses when they start getting too much. |
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The silver standard is definitely a think of a past now.
Previously, money was literally associated with silver as an element, and it has always performed a similar function to gold.
I do think that bitcoin is going to take over, or replace many of the functions of precious metals as a currency. In the future, people seeking a hedge against the continued depreciation of government issued currencies will most likely favor bitcoin as a store of value instead of silver, or gold.
That doesn't mean that silver can't be a viable long term investment - it is probably still culturally significant to a lot of people around teh world, and will likely hold its value much better than fiat come a inflation crisis somewhere. Its industrial uses are obviously there as well, and it's unlikely they will be replaced, with silver being one of the best conductors of electricity. But bitcoin will be seen as a safe haven, just like silver, in the future, and silver's role as that may be diminished.
I was just talking this point today with a friend. We both concluded that Bitcoin will be the #1 or #2 store of value, certainly taking over from silver and maybe gold. Of course it is impossible to wear jewellery made of bitcoin or create a radioactive sun shield for a space helmet out of bitcoin, meaning gold and silver will continue to have its uses in technological, medical and space applications. Exactly. That's one of the points that I forgot to mention in my reply as well, which was the fact that silver and gold are going to be still used for jewellery purposes, which since bitcoin isn't something that is physical, cannot fulfill. I guess that could come under the "industrial uses" that I mentioned with precious metals. Having said that, bitcoin is simply just a purer and better form of money in my opinion. Even silver and gold are subject to more centralization, and manipulation when it comes to value than bitcoin. Nor can precious metals be transacted online, which is something really important as the internet continues to develop. Oh yeah! It is not news that the price of silver and gold over time has been largely suppressed and systematically manipulated in a way to control their prices, and most believe they are under the thumb and control of central bankers. I still won’t be surprised if this would be their attempt on the crypto space as well in the long run. However, I agree with the opinion that silver and gold will still always have their place no matter what, since all these financial manipulators are still always going to be involved even in the crypto market as well but for what it is worth, the main value in terms of purer and better form of money in the long run like you said, will make it overcome. |
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Last year it hit 20K because everybody was expecting BTC futures to be a game-changer. Which it actually was. But in a negative sense, since they're cash-settled. But ETFs are different. They bring real liquidity. So one can hope to see new high this year if ETF get approved this September.
What happens if the ETF does not accept bitcoin? So all predictions about the future bitcoin in September can be more accurate. There are 2 possibilities, bitcoin will jump back to 20k or bitcoin will sink deeper. Nothing happens! There will still be another time later on anyway. I really do not see the ETF as a serious driving factor in this market, and with or without its approval; nothing is going to change in the growth and development of bitcoin both in value and in technology. ETF though could have been able to bring about some pretty good growth since this would make more smart moneys to enter into the market, but I still will not want to paying so much attention to it, as this could just open up more avenue for manipulations anyway. |
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if price breaks above $7k then I would consider it a "significant price movement", otherwise it is still nothing and ignorable. but if we do break it, it becomes more possible to continue this trend at least to $8k prior to ETF rejection and then come back down as silly day traders continue making the market more volatile and that would just postpone $10k target another month.
Right, a little bit above $7k will actually make it a little bit more appealing but for now, I really do not expect much. As long as we are still below $8k most especially, then the bears will still have an upper hand. For now, I guess we will have to wait to see how the market is going to be acting in some few days from now and if we are going to fall below the rising wedge anytime soon. I still feel we are still a lot bearish and would not want to pay too much attention on how some are already beginning to call moon. |
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seeing from the bitcoin movement candle the end of August is starting to continue to be pushed up. . .
Does this include the influence of a confusing ETF that sounds good for the community.
do you think this can continue to rise towards recovering people who bought at a price of $ 14,000 at the beginning of last year?
Lets not get ahead of ourselves, you do not get a $14k bull run with just one tiny jump in the price, that requires a lot more increase in price in a lot more time, tho you need to either stay above the threshold and always be green no matter how small it is or you need get there asap like December when bitcoin was around $20k on December 15 but $13k on December 22, it went up crazy and went down crazy, so you gotta ask yourself do you want a bull run that is quick and goes down afterwards or do you want more stable bull run that goes up but stays there for a longer period of time. I say lets just take it step by step and not rush it this time so we won't be upset in the end. |
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As we have seen in previous bull run, Bitcoin dominance peaked at 66% on 8th then alts started to pickup then BTC price reversed on 17th. What is your perception on the next bull run how high do you think the BTC dominance will reach this time?
I have talked about this before and I will again. There is two chances that could happen. Either bitcoin price will stay about the same (or go up just a bit more) and altcoins will soon follow it because there will be new money coming into the altcoins. Or the bitcoin price will go down and alts will gain value against btc. These are the two only options for the dominance to go down and I promise you it will go down. I hope alts go up while bitcoin is still up. Do you think it will be lower because of so many new coins have entered the market since then?
What do you think of the current price rise, where do you think it will confirm a bull run? In coming days, definitely bitcoin's share on entire crytpo space may get shrunk and which might go as low as 10% also when there will be another inflationary coin like ethererum along with which will get bumped in more frequent times. But, marketcap or its value for measuring dominance in the market at all not having any actual meaning in my understanding. |
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Username: raven7886
Post Count: 2594
BTC Address (SegWit): bc1qpq4wsznwe2tpxcc2l08ymn38gsrektj6qwyd7y
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What escape path for Bitcoin?
The value of Bitcoin is still very high . Some problems of bitcoin are difficult to solve as :
- Slow transaction speed
- consumes a lot of energy
- It is banned in some countries
- Price manipulated
Is there a sustainable future for bitcoin and cryptocurrency ?
Bitcoin will become the coin of payment as its purpose is created. Or is it just a game of whales? A financial game with winners and losers
For sure Bitcoin will become a worlds digital currency and will be used all over the world. Many people are taking interest in Bitcoin due to its high profits and value. It is the most stable currency in the crypto market and has a large number of users all arounf=d the world. Surely Bitcoin will be highly demanded digital currency in the future. This is obvious from current numbers that bitcoin is showing such drastic change in people behaviors. There have been so many news things came in market for so long time but people never shown up for anything like they did for bitcoin. Thousands of people are entering in bitcoin world every day. So don’t just worry and time is coming around. Pack yourself up for big profit. Anyone who is even worried about things they should not be worried about is just going to be missing out eventually. While worrying about the slow network and how much one would have to pay for transaction at times, is it not better to be worried how one should be trying as much as possible to accumulate knowing the future is certain and definitely in some years’ time, things would not be the way they are. Yes, the only people seeing that right now are those who simply know the reason why they are investing in the first place. |
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I preferred a long term investment, slowly but surely!
Long term investment or will I say long term trading is a lot better anyway if you actually have more to invest. It is better because when trading, you really do not need a lot of indicators, no much noise that comes with daily fluctuations and you can easily make trend following decisions with candles alone which most time, you are actually going to be making quality ones. With short term, it is the other way round and you will be making lots of decisions within a short time frame. with short-term trading I can get a lot of profit and with short-term trading you avoid the risk of loss.
How you will get lots of profits and how you will avoid losses ? You are just contradicting the basic facts of long term investments. Long term investments are known for assured profits which may be a lot some times and with long term investments usually comes with less risks. |
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