Yes, crypto market is for every one, and like OP said crypto is a very risky investment, but if we invest in the right time we can get a huge profit, so it's a high risk with high profit, I think we should introduce crypto to everyone, explain to them the potential and the risk, and let them decide whether they want to invest or not
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Yes eth keep on falling down, but I don't see any problem in that, the most important thing is the ability of eth to recover, so although the price went really bad, but if it bounce back, it's mean that the coin still got value and people still do transaction using the coin, eth is strong coin, in this price people should buy more rather than selling it
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Short term trade is not that simple to do, the market seems like a bit better but its still unpredictable, in this situation people usually going for long term not short term, because the swing price is wild, when the market is already toward bull run then its the perfect time to do short term
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I think the price is not the reason bitcoin become the top crypto, its merely because bitcoin is the first digital currency that introduce the decentralised system, it's the popularity that make bitcoin become the number one crypto, now within a lot of other crypto that being created, people seek the more efficient way to do transaction and the lowest transaction fee, so bitcoin need to keep on update to be able to stay on top
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Satoshi really deserve a good award, bitcoin has been a phenomenal investment, it gives a new way of transaction and it create the first decentralised currency, it gives the solution to the transaction that eliminate third party, and there are still so many potential that wait to unrevealed once it being adopted by a lot of countries
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I think there's no safe coin to trade for day trading, even the strongest coin like btc got a pretty big swing, the coin for day trading depends on the trend, there is no specific coin, the most stable coin I know is usdt, but I don't think the coin is suitable for day trade, for day trade people usually used 1 hour time frame, it is more predictable
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I think nobody can predict that crypto market going to grow this big where ICO keep being created every day, the main purpose of bitcoin was to become global decentralised currency, to make transaction become easier, when bitcoin was created, I think nobody expected bitcoin can become a very valuable investment with high transaction volume, so crypto growth has beyond every one expectation
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Its a good suggestion but some of them are really hard to execute, finding the right entry point is the hardest part, it need a good technical analysis and a lot of experience, entry at the wrong time can cause losing money or stagnant investment, and I think people should not trade based on the historical chart because the market situation is different from time to time, trading can't be based only by theory, it also need some experience in the market, and in trading yoy need to act based by logic not by emotion
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Not only China but all countries are starting to enthusiastic about blockchain, the governments like the technology because it can help a lot of dispute, and it can be used to proved a transaction, the technology got a lot of potential that can be used in a lot of sectors, the government love the blockchain but not crypto currencies
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Its stupid for the trader to stop now, the bear market is already so long, it just need a little more time to switch to bull market, the one that quit usually is the newbie trader that attracted to the high price in the December and now become confused because the price drop down, a good trader see this bear market as opportunity not as obstacles
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Well holding is better than panic sell, most of us hold because we believe that the price is going to get better in the future, I agree that it will be better for everyone to learn trading, it is more profitable and its good for other users, because it can increase the transaction volume, but trading need time to learn, need time to paying attention to the chart, and it got a bigger risk than holding
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I absolutely not agree, news is one of the important element wgen people want to trade, when there is a good news people will tend to buy more, if there is bad news then people tend to sell more, if suddenly you heard one of the country banning bitcoin, automatically there will be a lot of people selling the coin, and you will know the price going to go down, news is really important for traders to make decision, and some news will related to price
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Actually the interference from government will violated the purpose of bitcoin being created, but the bitcoin growth is too big and the government not really happy with something that they couldn't supervise, if the government could see the potential of bitcoin and adopted it, then it will increase the country's economic and we will have an easy, efficient and fast transaction payment for all over the world
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Trx is one of the coin that made me lost a lot of money, from news, listing, chart and potential, this coin got a really stats, but unfortunately in the market the situation is different, so I will say just cutloss and keep small portion of the coin, it seems the coin will need a lot of time before can rise, but I still believe trx got good potential in the future
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There are some people that are motivated by money some are don't, but most of them are motivated by money, nowadays a lot of people really emphasise on money to show their social status and to live better, only few percentage of people that lived in the world that are not motivated by money, because basically they think that their life is already comfortable and secure
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Most of the people encourage to not store the coin in exchanges is because of the security reason, I had heard a few times that there are exchanges that used the users coin to trade without their acknowledgement, but its only happened with the unpopular exchanges, so I don't think by storing coin in exchanges we are contributing to the manipulation price
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It will be lovely if we can see a bull run now, I think we have been experiencing a bear market for a long time, the market now is up and down in unpredictable way, and who knows once the bull run it can trigger another big hype like last year, but up until now I am a bit pessimistic, because few times when the bull wanted to happened, it being dragged down again, hopefully the etf could bring positive news to the market
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I think eth will be rising in the future, although now without any good reason the price keep on falling down, but the prospect in the future is still great, a lot of ICO also using eth smart contract, I think its a good time to buy more eth, in next few year the price will go up, but don't expect the price going to go up in short term
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Its a great possibility that people will look for another investment, but I am not sure they will invest in bitcoin, bitcoin investment is a very risky investment, the price can be manipulated, some people not sure bitcoin could give them profit, some country also not legalize crypto yet, but I am sure some of them will switch to crypto, and once they taste the crypto profit, I think they won't back to stock market anymore
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Panic selling wont solve any problem, and once people become panic, it will trigger a worse situation, so you shouldn't make a wrong movement, dont too worry about the market although the market seems pretty bad, but I am sure there will be turnover point, and the transaction volume of crypto still high, so this is the sign that the investors still interested in crypto
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