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Now it's not time for selling but for buying. Remember the two most important things for trading, buy low and sell high. If you don't stick to that your calculations might be very bad.
Selling now it's bad idea unless you didn't buy at.much lower price that we are having now and that would mean you are holding your coins quite a lot of time and if that was the case you wouldn't be thinking about selling now.
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Blockchain is technology that can be implemented almost everywhere and it isn't limited only to cryptocurrencies. So, yes, from that perspective it can be said that blockchain might survive longer than Bitcoin.
Although in case for Bitcoin to be replaced or to vanish we would need better and stronger cryptocurrencies that would take its place and so far something like that isn't on horizon.
So, to my opinion both of them, Bitcoin and blockchain will continue to exist for a long time and full potential of blockchain is yet to be developed and discovered.
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Another correction, this time we go under 7000$ but I don't think that some sharp price will happen. I don't think the price will go under 6000$, although some further corrections are possible. It's more likely that price will stay somwhere in range between 6000$ and 7500$.
Also, I don't think that current price correction has anything to do with Christmas and holiday season.
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Don't dream about impossible or something that is very hard to reach. It's better to set up more modest goals that you will be able to fulfill then something that will leave you disappointed at the end.
With desire to double your funds in such short period of time you will probably take too much risk that might lead you to loss. No matter how tempting it sounds Bitcoin is not the tool to get rich over night.
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Although I am very bullish on BTC, I am tired of speculations and analysts dropping one prediction or the other. It will moon when it will, just buy and hodl.
I have stopped refreshing coinmarketcap.com and I am waiting for major events before checking my portfolio again. The whales are just manipulating the market by pumping a little and dumped again. I am tired of watching the market up and down within a short period of time. Again there are whales to be blamed for low Bitcoin price. It's funny how often it's being mentioned that Bitcoin price is manipulated so come is than better than fiat currencies. I think that whales are given a lot more lower than they actually have in reality and that people just need a culprit for the price range that isn't in their favour. |
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Crime is always there where is money, so cryptocurrencies are not exception.
All we can do to prevent crypto related scams is education. Users needs to be aware that new sophisticated frauds appear all the time and need to learn how to protect themselves. Only prevention can work because once you become victim it might be too late and chances to recover your funds or personal data are relatively snall.
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And automate your trading according to your strategy. You don't necessarily needs a trading bot but should place enough order to execute your strategy for not to miss a profit while you sleep. The crypto market never sleeps so should your strategy.
I don't believe in automated trading, without human touch it can't be the same. This is maybe something that could be used occasionaly but it shouldn't be constant practice. A good trader needs skills and experience and that comes with time, so patience is crucial as well learning on own mistakes. |
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I think it's very hard to predict Bitcoin price for the next year. On the one hand we have rather big expectations for the next year from many users that think every next new year could be 2017 again and on the other side we have market that is not functioning according to our wishes.
Personally I don't expect big changes in term of some significant price rise, at least not in the first half of the year.
I thought Bitcoin might reach 10000$ at the end of this year but this is not going to happen so this will be another goal for next year.
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hi,
is someone accept credit card as payment option for trading, I will like to buy bitcoin
When using mainstream exchanges like Coinbase you can be rest assured your funds are safe. However, they do have some restrictions and KYC sometimes takes ages. Even with a verified account they will hold your funds for 30 days and your value will drop most likely. whoever suggests coinbase isn't experienced. Thus, i think the easiest and safest way is just to use Binance, which takes Visa and Mastercard, and only 10–30 minutes to get your BTC once purchased. But besides Coinbase there are other options. Wirex is also offering to buy Bitcoin with credit card. Yes, they also require KYC but it doesn't take that long and it's safe and convenient. Of course, buying Bitcoin with credit card is more expensive than some other methods but crediting and convenience hss its price you need to pay. |
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No matter how hard I try I still can't beleive there are people who think they can get something for free. Only those who were never truly involved in Bitcoin think Bitcoin is free and easy money and something that gives you opportunity to get rich over night. It takes knowledge, dedication, experience and hard work to be successful Bitcoin trader and to earn some serious money. Anyone who claims different doesn't actually know anything about trading.
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It depends on how much his wife knows the amount of BTC her husband has.
I have a friend with a similar case, just a different view of BTC and could end up in divorce court. The wife will act as a witness, and her lawyer writes the details of the BTC assets which are considered as shared commodities. The court only wants to find out everything in Fiat's nominal to process the lawsuit, everything happens not so complicated.
I never thought Bitcoin will be subject of conversations in divorse theme, it's kind of weird. I guess the dealing with Bitcoin in divorce is the same like dealing with any other asset. But if you want to hide everything from your spouse at the very begininig then either you count on divorce or you don't trust your spouse. In both cases that is wrong and it's not a good message. |
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I don't think that is good idea. If you trade at work you can't be concentraded on either of these two and results will not be good. Serious trading demands full dedication.
I can support trading at work only in emergency situations when you don't actually have don't choice but that shouldn't be regular practice. Also you might have problems if your employer founds out about it.
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Hi,
Beautiful people
This post is dedicated to all the haters of Bitcoin in this forum. I have been asking my self what did Bitcoin and the creator of Bitcoin do wrong with them?
The one who invented never came out with his name or asked us to popularize him. He became famous because he did invent something that was meant to help us.
We are innovating, we are creating brilliant product but, it does not mean we degrade the one which started it all.
Why anyone would like to question Bitcoin?
What makes you think it is inferior to what you have invented?
Remember, it is Bitcoin that started the revolution and it is Bitcoin that will change the life for the needy.
I have been asking myself what did the inventor do wrong to be conned and claimed as they never were able to prove it? Cheap stunt!!
Mr Nakamoto(it would be nice that everyone give him/her that respect) invented something, which has changed our live, we should appreciate and love his creation, rather asking everyday who he was? where can we find him? and so on.
I am not a judge here, I am that individual who was no one until this guy invented a product and made me who I am!
Thanks.
Respect Bitcoin and Respect the creator!!!
We never would have been here, If Bitcoin creator NEVER thought about us.
Indeed. I personally beleive that we need to appreciate what the creator of bitcoin have done to us that because of him we already achieve the things that we have today. We should spread the word that bitcoin is not a scheme to trick other people or to scam them, that they should understand that bitcoin can changed a one person's life by just buying bitcoin. Yeah, but people are spoiled and selfcentered so they often take things for granted. It's easy to forget that there was the time before Bitcoin and that people didn't have opportunities they got with Bitcoin and it's easy to forget to appreciate all new options for financial prosperity of an individual that Bitcoin has bought to us. I guess that is just human nature. |
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Every price prediction is actually guessing, even on a very short period of time. Predicting price a year forward or even longer is impossible. Many are expecting a lot from the halving next year thinking price will go up strongly. That is hard to tell and having in mind the situation we are having on the market now I think the price will stay in current range for a while.
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If you took some time to study how Bitcoin is functioning and learned something about it you know that volatility is something that can't be divided from Bitcoin, it's natural part of price changing cycle.
So, there are no measures or activities that could make volatility go away. Besides, if there was no volatility how could traders be able to make their money?
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Cryptocurrencies by its characteristics and structure can't be threat to financial system. They can't actually be introduced into that system, cryptocurrencies can't replace fiat currencies and in general very small number of overall population is using cryptocurrencies.
But the purpose of cryptocurrencies is not to make financial system unstable or to replace fiat currencies so we need to find the best way how to get the best of both, fiat currencies and cryptocurrencies together.
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The price might go down to 6000$, there is always a possibility for price correction. However, currently there are no indicators showing there will be some bigger price dump. To my opinion it's more likely that the price will stay in current range, so somwhere around 7000$ with very slight possibility to rise up to 8000$ max by the end of the year.
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I think that we are still not in position to choose between fiat or cryptocurrencies. Because of the way that world and our economies are functioning we are still forced to use fiat currencies no matter if we like it or not.
Also, cryptocurrencies are too volatile to rely only on them so on this level of development use of fiat currencies is still necessary and I don't think this will not change any time soon.
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I don't think there is a direct connection between share market and Bitcoin price, it's more a coincidence. Share market and crypto market are two different market places that are not linked so price changes at one of them don't affect the other and I don't think that anyone can prove there is some kind of connectivity, do don't rely on that.
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Currently it looks like we are closer to 7000$ than 9000$ or more. I don't even think that 9000$ is possible this year, if the price goes back to 8000$ or a bit above that will be a good sign, everything above that value would be a surprise. I don't expect some bigger price rise at the begininig of the next year either.
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