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There is no some serious organised marketing or education or promotion of Bitcoin in any kind of media. Forums, blogs and social networks are still the main source of information and that is good but not enough.
I try to promote Bitcoin with my own experiences, to show people on my own example how it's functioning but that is very limited scope of people.
I think that we need strong, organised PR system for Bitcoin not just enthusiast individuals.
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Copy trade isn't that new but as far I know don't many people trade like that. Maybe it's now becoming more popular and people are always searching for new techniques and methods, something that will bring them better profit.
Personaly I haven't tried it and I don't know what are the advantages but I don't think that only by copying.someone else you can become successful.
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As usual people are spreading panic with no reason. Corona virus is nothing more but just another version of flu. Also, it doesn't affect the price of Bitcoin in any way although some are trying to use that histeria about virus as a reason for Bitcoin price fall. So.don't believe everything you read in media and be rational.and current Bitcoin price is a result of corrections that happen all the time in the volatility cycle.
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To my opinion regulation could affect cryptocurrency in positive way. It gives certain legal framework and security especialy for businesses and leads to better adoption and confidence.
Unlike some beleive regulation wouldn't endanger Bitcoin decentralization and independency and to my opinion regulation is necessary for further development and growth of cryptocurrencies, it's a precindition for successful implementation into financial system.
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Even at the stage of btc advancement many people are still very clueless about cryptocurrency and it's numerous possibilities, and I can understand why newbies will only be interested in the money they can make or it can make them rich quickly because this is the impression that is been given by some websites promoting ponzi and looking for easy prey,
However, good thing is you are able to give this man some closure of what cryptocurrency is all about and how investment in it works.
I agree, ignorance about Bitcoin and cryptocurrencies is still too big. Despite different available information people have very limited knowledge about Bitcoin and all possibilities as well as opportunities it offers Also, many are mainly oriented only on profit and see Bitcoin only as a source of income so every time when the price is below their desires and expectations they are full of criticism towards Bitcoin and see only bad things in it. Very bad attitude and it gives totaly wrong picture about Bitcoin. |
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No matter the high skills, experience and self confidence there is always a risk in trading and there is no guarantee of profit.
First rule of any investment so of cryptocurrencies investment too is to invest the extra funds that you don't need and not the funds that you don't have.
Therefor I wouldn't suggest that you use bank loan for trading and investing because there is always a risk that you will don't make enough profit to cover the loan so you might find yourself in problems.
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Hope no one will fall for this, another newbie post how to get rich in no time.
Just another attempt to take people's money. We all know bots don't work and they will not help you making profit not in gambling or in trading.
If you really made so much money you claim you will not be here on this forum.
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As far as I know there isn't direct connection between stock market and Bitcoin or cryptocurrencies in general. So, to my opinion anything that happens on the stock market for worse or for best shouldn't influence Bitcoin price.
Maybe there will be some investors that would change their preferences because of stock market crash and therefore they would be more oriented on cryptocurrencies market but then again that will not be some significant number that might be too.important.
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People just need to learn that volatility is normal part of Bitcoin functioning and that price can't always be in upward trend.
Currently we are facing corrections and it isn't impossibe that price goes even lower than 8800$ that aprox.is current price. However, there is no need for panic or selling your coins, the price will recover.
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Another catch for naive users. I hope that no one doesn't really think that some script can help him in making profit.
You don't know how it works, was it properly tested and what were results, what are the references of these guy that he can really programme such script that actualy does what it suppose to.
Too many questions without answer, too much risk, to my opinion not worth trying.
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I prefere trading, it's the most profitable and it makes the most sense.
Gambling is not meant to make profit but for fun and that is how I treat it, a leisure for my free time.
Binary options are two risky and personaly I don't like it, in fact I find it as a shady business.
For someone who is seriously involved in Bitcoin, trading is the best.
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I agree with OP in regards to how the price isn't related to coronavirus. But i disagree on how it's all in the charts. Charts only show past data, and at best a current ticker. There's no way to forecast prices with accuracy simply from that. In fact, many argue that price forecasting isn't possible in general and especially with how bitcoin is unregulated, its markets are purely responding to demand and supply...
I totaly agree that price of Bitcoin isn't related to corona virus as some claim, as as it wasn't related with Valentine's day, Christmas or anything similar. Techical data and charts can be useful and it's good to.have the insight in the price movements in the past. However, only that can't be used for prediction of further situations because price of Bitcoin is complex, defined by supply and demand but also some factors outside market. |
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Just check back today, after almost 7 years after my initial simulation, most of the theory and prediction still holds
The biggest uncertainty might come from the possibility that another coin might replace BTC as the main crypto. Currently Ethereum with its growth in defi might turn the table.
However, ehtereum does not have a limited supply, and its supply might get exponential increase in future, so the prediction might not work, and just because of this, eth is difficult to overtake BTC as long term investment candidate. It is possible that long term investement prediction of BTC still holds, but ETH become the new star because its full stack of financial magics
To my opinion not ETH or any other coin will replace Bitcoin, at least not soon. Due to different reasons new coin in order to replace Bitcoin should be more advanced, not just have better or bigger value. So, basicly it should be developed on a technology that could solve some issues that Bitcoin currently has and that is not easy. Also, it shouldwill have better adoption and implementation in real world. So I guess Bitcoin will remain at the throne and that will not change, no matter the fact that new coins appear all the time. |
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Why this thread isn't a surprise for me? Every time when the price starts to fall subjects like this appear saying that Bitcoin is dead, or failed, that it was a bubble, bad experiment and similar.
On the opposite, when the price goes up we have headlines like Bitcoin to the moon, Bitcoin is the best and similar. This is really annoying me and it's quite boring, same stuff all the time.
And people who don't realise so far how Bitcoin is functioning and what is the true value of it can't be helped anyway.
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I don't think that Bitcoin it's best investment itself that can save you from crysis because Bitcoin is also risky without guarantee of profit.
However it could be very helpful if you are wise and experienced investor and especialy if you combine it with some other assets.
One of the triggers for creating a Bitcoin were exactly financial crysis that repeated in.cycles created by banks and traditional financial system. However, Bitcoin itself can't be the solution for world finances but it can be helpful on an individual level.
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Yes, I'm holding Bitcoin but not the whole amount I have. I believe that Bitcoin was created with the purpose to be used for some concrete, real things and it's not made only to sit idle in some wallet. That is why I also spend Bitcoin in real life for real thing. For me it's important to find the balance between holding and spending, that is my view on Bitcoin.
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I might not pay attention to that because my goal is to hold bitcoin until halving is finished. If there is a bear market in March-April, it will be an opportunity for those who want to invest more. however, I am a person who believes that before halving, the price of bitcoin will rise. at the moment the price of bitcoin may go down, but at the beginning of March, I'm pretty sure the price will recover and return to exceed the price of $ 10,000.
Many have similar expectations but the question is if this is really going to happen. Many expected bull run right at the begininig of this year, many think we will having bull run before or immediately after the halving but at the end none of these doesn't need to happen. I don't have big expectations from halving and I don't think we'll have a true bull run this year, to my opinion Bitcoin price will stay in moderate range. |
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If someone truly wants to avail this kind of premium with a tipsters group. Think twice, no, think many times before committing and paying that 200 euros per month.
It may not be my money but I'm telling you that if you only want to earn with gambling better to make your own assessment rather than depending with these monthly subscriptions.
Very good advice, everyone should really think twice before putting money into this. This reminds me on similar tips investment groups that were actually designed only with purpose to take your money. Tipsters will not help you in making money in any way, this is just the false hope for naive users but you will not get desired results. The sum.they are asking is not small at all and believe me with their tips you will not return that money. |
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I beleive we are in a correction period but I wouldn't tell that this is something we should be worried about. Masne it's in contrary with expectations of many who after first price rise over 10000$ predicted strong growth but I would say that it's natural part of volatility.
Also, I don't expect some sharp price fall and price will continue to fluctuate. However, I don't expect that it might go under 8500$ in current situation.
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There is also possibility that price of Bitcoin goes down after halving. Despite the big expectations and many predictions of huge price rise it's not impossible that just the opposite happens.
But the fact that criminals are holding big amount of Bitcoins, that some have mentioned here, isn't something that would significantly influence the price. Besides that is not the new information.
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