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It's nothing new that some people are having problems with accepting new technologies. Lack of knowledge and fear of new are some reasons for that.
We can say that Bitcoin and cryptocurrencies in general are the future and especially the implementation of blockchain technology.
However that doesn't mean that traditional currencies will disappear as well as banks, they will continue to exist and cryptocurrencies will represent alternative.
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I gave up such so called Bitcoin experts and their prediction long time ago. Just like this one they are usually without any serious ground and not worth following. Such predictionssituations will only confuse you.
16000$ is not impossibe however the market isn't inclined to such development of price rise and I think it's not going to happen.
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First of all good trader needs knowledge and information. Then all those techical things like charts, analisys and everything else along with following news. But be very careful with news sources and especialy don't trust social networks.
What will help you the most is experience and self confidence but that comes with time.
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This is very distant future having in mind how quick Bitcoin can change and I don't like predictions that are not based on any real inputs and a year ahead it's very hard to predict anything. Besides 50000$ sounds exaggerated at this moment, more like a wishful thinking. And don't forget that similar wishes and predictions were for this year too but none of them came true.
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If you are a Bitcoin investor. Then you have to think like other investors. All investors verify everything before investing their money. You have to do exactly the same thing when you buy something. Emotions are not priced here. Your Emotion loses your fund. Therefore, trading should be learned before start trading. I've done a lot of losses before, just because of Emotion.
I can't agree that all investors should think alike. That is why often losses hapen, some investors try to imitate what others are doing but they don't know all circumstances why soneone exactly choose that particular decision and that might end bad. Emotions could be a burden that is true and if you can't control them that might be the cause of failure. |
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I think that crypto users are usually afraid to lose their coins by cyber attack or losing private keys and the second fear is huge price dump.
From the first fear we can protect ourselves with different security measures, at least when our wallets are in question and the solution for the second is to diversify investments.
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I don't think there is reason to be concerned. Yes, the rise was kind of sudden but not that big.and it seems that the rise will not continue at least not in such extend.
Also I don't expect to see some bigger price fall although some corrections are possible. Don't let to be influenced who spread panic and drama without reasons.
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We have the same theory that the drop was manipulated but I also think that anything which results to sudden pump could also be cause of pure manipulation. Just like what happened recently when BTC pump as high as $10K or more, that's only in a single day and I'm afraid of the possibility that it will dump again. I would rather like to see a constant good price movement that so it would create a strong market and this would result to less volatility, which less risky investing in crypto.
If we accept that theory about price and market manipulation I would really like to know who has such power to manipulate the price. And don't say that whales did that. Also, if Bitcoin base is decentralization, independency and freedom how come that the price is manipulated all the time? Then there is really no big difference compared to fiat. |
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Personally I don't but it seems there are many who still beleive that 2017 scenario could repeat by the end of this year.
To my opinion such prediction isn't likely to happen and there are no conditions for such sudden and sharp price rise in such short period of time. According to my predictiin 10000$ is upper level that Bitcoin could achieve this year.
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To my opinion in this case Facebook doesn't care too much what some congressman is saying. Facebook investet too much efforts and capacities into Libra to give up that easily, no matter that it hasn't made the success it was expected. So I expect that Facebook will try to save Libra no matter what and adopting Bitcoin is under very big questionmark.
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I think that number is exaggerated. Every traders experiences loss from time to time but that doesn't necessary mean general failure.
Lack of knowledge and experience as well as lack of long term strategy could lead traders to loss and that they might give up trading but still such big numbers of those who quit are not correct I think.
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in my opinion the rise of bitcoin yesterday has something to do with the statement of the president of China who supports the blockchain. China is a strong and developed country and also the number of investors and the biggest miners of Bitcoin is also from China. so in my opinion it is not surprising that any cryptocurrency or blockchain policy taken by the Chinese government will have an impact on the price of bitcoin and altcoin.
I'm not sure that this statement made such impact on Bitcoin price. It seems that China can't decide what to actually do with Bitcoin and other cryptocurrencies, at one moment they want to ban it and at the other to support itso currently they are sending mixed signals. However we need to make the difference because the president supported blockchain technology which is not the same as to support Bitcoin but people very often think this is the same thing. |
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I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?
there are so many traders who hide their losses moreover it is a famous trader, of course they want to look great, if it shows a loss it will create a bad image for its name, actually this is a natural problem because nothing is perfect and there is no analysis that is 100% accurate. I don't see anything wrong with it, its normal to every person that what we want other people to see from us is only the great one. So, for me it's okay, for as long as we will not just rely on them and for their signals. Always remember that not everyday is a winning in trading, sometimes we suffer losses too and it's okay, just keep going and move forward. Maybe that is ok from human nature point of view but it's not ok from professional side and relation towards crypto community. Some crypto.users might get the opinion that trading brings only profit and if you even suffer some loss you will recover in no time. That is the wrong picture for unexperienced traders that often fall for this and think it's problem in them if they can't be successful as those professional traders they read about. |
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As long as cryptocurrencies are not officialy part of economy system, so without regulation and formal introduction into economy system, or governments are not collecting taxes from crypto related businesses they can't make any (recorded) impact on economy, bad or good. That is my opinion.
However, cryptocurrencies can influence individuals in terms of their financial situation and similar but that doesn't have any global impact.
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What to say, better late than never.  Actually, it's never too late to join Bitcoin community. Just make sure that you collect all necessary information and knowledge before you get into action. Don't rush with decisions and don't copy everything you see that others are doing, try to find your own way. |
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Fluctuations are usual for Bitcoin price but some users can't resist it and always react to it, probably because of lack of experience or probably just human psychology.
As soon as you accept fluctuations as normal part of Bitcoin cycle that you simply need to count on the smarter decisions you will make.
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Everyone is free to make its own decisions.but sometimes we have to think twice before we do something. In crypto world not everything is always going easy and sometimes we have more losses than profit or situation on the market looks boring.
But try to have broader view and think long term. Cryptocurrencies are actually at its very begininig, so many new developments and achievements is still waiting to be done, cryptocurrencies will form our future. Don't you want to be part of it?
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After recent slight pump many are expecting for price to go to the moon. I'm not so.sure about that and to my predictions Bitcoin will not cross 10000$ this year. Some corrections are also possible so I think the price will continue to fluctuate somwhere between 7500$ and 10000$. 2019 will not bring us more than that.
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some articles estimate that bitcoin will be depleted at the mine in 2140 ( https://cryptalker.com/bitcoin-mining-end/ ), so by calculation bitcoin still has a halving 30x until the last reward at the mine. so that the 15% amount has a longer time than 85% that has been mined. but we also don't know what the future of bitcoin will be like. will either reach the last mining point. or will make a new upgrade. There is still plenty of time and I don't think we should bother now what would happen when all coins are mined. It's so distant future that makes no sense to make any kind of predictions, if the demand will rise, if supply will be sufficient. I'm more focused on current situation. |
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Well, I don't think this is an easy task. I like to use Bitcoin as a currency because I love the fact that I actually have use of it in real world but majority of people still see Bitcoin as an asset. They are afraid to lose something if they would use Bitcoin as a currency.
Maybe if more merchants would accept Bitcoin as a payment method could help as well as more markets where people could sell their products and services for Bitcoin.
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