I think those are really extremes you got there. Does it have to be either ONE or a THOUSAND. Isn't that a bit too much to ask ?

I think it is possible that we can have about 50-100 good crypto in the future. Maybe not all the ones we have right now and there will be some new ones that people will love and get higher in the ranks but the main point is I doubt we will ever have one coin that is important with useless other coins nor we will not have a thousand coins that worth anything ever.

The important coins are usually the top 10 coins, even top 5 coins to be more precise. Those are make up for the 90%+ of the marketcap. Rest are just there because someone invented it and they did not think what they should do afterwards. People like even the 500th coin but that won't make it worth anything. Hence I believe the max cap will be 50-100 and not one or thousand.

Is there any other thing left to do at this stage ? I guess not!

If there is anyone actually getting scared, panicking and selling at loss at this point, then, it pretty much shows their level of intelligence when it comes to the market. When situations like this arrives, the best is to just keep calm, have a plan, know how to execute those plans, and in between those plans, you actually want to be buying at this stage and not selling.

Investment should always be long term, if you want to trade, learn how to trade, if you cannot trade, then focus on the long term; it is just as simple as that. These days, I feel people just tend to take too much risk than they can handle, and that is always the problem.

Honestly, for long term hold, bitcoin seems to be the thing. Sure, a lot of people may say there is a need to diversify, but as things are going right now, I still find it pretty hard to find altcoins to be diversifying into until I basically start seeing something substantial in them when it comes to the usage of their product if they have one at all.

Certainly, at this stage, the market is highly speculative and there is no doubt about that, but when it comes to having your mind at rest, even if you want to invest in altcoins, you should be putting more percentage into bitcoin and lesser percentage into altcoins you have basically studied to know there is a chance for possible future.

BTC dominance has been pretty much on that level for a while now. The dump is nothing considering the fact that it was something that hit the whole market generally and not just bitcoin. It was not like bitcoin was dropping and the altcoin market was rising. Bear market as we have all seen it is something that affects the whole market overall when it hits, what we are seeing now is just the statistics based on the market cap over all compared to the rest of the market and the dominance of bitcoin totally depends as well on the sentiments of the market overall and where money is moving into.

Maybe you should be reading more on how that dominance is calculated and probably you will figure out the main reason why it has not changed. Bitcoin was not the only coin that dropped, the whole market did, and the dominance of bitcoin is compared generally with the whole market, and the reason why you see the dominance not changing is because money is being moved out from all markets generally, and the percentage of bitcoin in market cap to the total altcoin market cap, simply gives you what the dominance is all about.

Yes, that is always the thing with ICOs, which is investing in the right ones. There is no doubt a lot of people today tend not to realize that it is not just about promises from the team or some things you cannot see, which makes you a dumb investor if you do that. You have to learn to know how to invest in what you can see and not just some empty promises.

With respect to what you can see, in this case, I am referring to the product and its long term prospect and not just some bullshit product, the team and their past achievements which certainly will give you some guarantee of a team that would not want to jeopardize their reputations, and then the business solution. If you can have all these figured out, then you will always know the steps to take.

Because they are the backbone of everything in crypto. Even though the crypto world is now facing towards the companies and so forth for bigger investments to make the market go back up again, the people of the community is still important to lead the way on new hypes and trends.

The coins we are dealing with all depend on the supply and demand, without a community behind a coin it won't have neither any supply nor demand and it will die off. So, you need to have a community to create some demand for the coin and that way you can always stay relevant. Look at all the top coins in coinmarketcap, look at all top 20-30 and you can see that there is a big community behind all of them that trusts the coin even after all of them dropped so much. Community is what makes crypto currencies worth something.

Today could be the best day to buy bitcoin for the past 13 months or so. Not only the price is incredibly low but during this black friday and cyber monday weekend I assume people are selling their coins to buy cheap stuff. I have seen people buying 27 thousand dollar worth of product from cheap prices because honestly they could literally sold them back in couple weeks and still make a profit. Not that everyone does that type of stuff, many people wait until this weekend to get something big and use their savings into what they need.

I for one got one of those heaters because during winter our house gets too cold and our current system is not enough so the heater will be a nice thing to have and it was normally about 70 dollars but I have paid 20 dollars for it. Incredibly cheap for what it is and yes you assumed right I sold some bitcoin (only 25 dollar) to get it. Many people do that right now so buying this weekend is basically your own black Friday.

Well, that is their cup of tea. I thought basically their job is to pool capital from accredited individuals or institutional investors and invests in a variety of assets, often with complex portfolio-construction and risk-management techniques, so it is either they did not do their job well in that portfolio construction and risk management to have shut down, as I do not know how this could have happened with the market tanking down anyway.

It just seems a lot of them do not even have the experience or the know how when it comes to managing money, but because they want to make money and thought there is money in opening an hedge fund, they just ran into it.

Probably bitcoin cash is the one dying right now. I don't think it is at a level that will die anytime soon but all these wars going on and all the simple stuff like hard fork constantly will put the effort on the bitcoin.com dudes who have started the bitcoin cash early on and wants to keep it.

Anytime there is a hard fork going on someone will challange them and not that it will all be a great threat to them but all of them will have a strain on them and eat a chunk of their profits and definitely lose some stamina on their front. If this keeps up every time there is a hard fork coming up for bitcoin cash, I am sure at one point they will stop working for it and forget about it because who wants to keep on spending millions of dollar to something that won't yield you as much as an investment.

Well, not all holders by the way. A lot of newbies who came into this market late last year did not actually have the mind to hold, but they were forced to hold by their mentality of getting rich overnight based on some promises they decided to give themselves out of greed. There is no danger of holding in the long term as long as you know what you are holding has potential, there is only a huge danger in the short term when you are so much focused at it, and you get all emotional selling at loss, and in that case, such people always end up regretting those actions in the long run.

These are the problems for the people who do not have the plans of holding for years. I am a long term holder and holding bitcoins from the price range of $220 to $300 from the year of 2015 and I am not finding any danger, OP is talking about. Plan for decades and skip all the hassles.

Manipulation does not make it less decentralized, we are all in it, and as long as people see the need to buy more, they always will do. But we also have to understand there are some with huge fiat to move the market always in their favor, and they would not have been able to do that, if the market is not hugely speculative in nature, but for now that is what we have and that is what we will basically have to live with.

In the long run, may be when we start getting to see the market being used in real life than just being driven by speculation and people who want to get rich overnight, then we will have less of manipulations.

Hey OP, you really do have a lot of point there mate. Right now, the bitcoin market is not even smiling at all, and certainly, this is not the time anyone would want to be betting with bitcoin as a result of its volatility and considering the fact that you will even end up betting more bitcoin in its equivalence to the USD anyway.

Nonetheless, whether the market is going down or not, it is always imperative that when it comes to gambling, a little bit of caution should always be in place, and trying to monitor the market movement also helps as well.

I don't get the point of this post. Are you trying to tell us that casinos and sportsbooks make money ?
Because, if you are trying to, that's already a very widely known thing, it is not something people hide? I mean casinos do have a house edge that they literally tell you about or sportsbooks do have odds that they share you with and all of those have a bigger chance for casino to make money.

This is not some "maybe you will be rich" type of Hollywood movie, people know that they will lose their money if they play for long enough time. They will tell you that you are going to lose in the long run.

Nevertheless, people believe that once in a life time deal, maybe just once, only once, they will hit big and become rich. No one believes they can constantly beat the casino but maaaybe they can get them only once for a big win like a huge jackpot and got away with it.

Well, there is no doubt that most of the market with potentials can get to reach some pretty good standard value in the long run which Stellar is obviously one of them. This is one of the currencies we have seen so far with some pretty good solid team and the chances of being used for its main purpose eventually. It is cryptocurrency market however, so in a way, I still have to say nothing is predictable and we will just have to wait and watch how events will have to be unfolding eventually. For now, I feel the only thing left for us to do is to be patient.

That is the real problem of most of the air-dropped coins. The list for example is too big like clams,BCH and many more tokens. I remember that I have read the corporate team behind the XRP is also behind stellar hence hoarding it is not at all recommended due to one core reason of centralization.

We are all in depression right now not just crypto market It has been a very difficult period for me because I have been going between selling my crypto and getting out or not but I decided not to panic, even though I have lost a lot of money I am still hoping that I will get my money back somehow.

I hope the price goes up a lot so we can cover our losses somehow. It is really not a good feeling to have this low amount of money left from all the investments I made, the bigger amount you have the bigger losses you have but even a person like me who didn't have much could apparently lose an important amount for myself. It was about 2 weeks worth of money all gone in couple days. Consider that, you work for 2 weeks and you get nothing in return. It is a horrible feeling.

Is that not what usually happen eventually with the rate at which certain people approach gambling ? They seem to see gambling as a quick way to make money and get pretty rich, but they tend to forget that gambling is all a game of luck and if you see it that way, when you manage to hit some huge amount of money, you will cherish it so much like that is something that is hard to come by. Once you are stupid enough to keep pushing yourself to winning more, you can just lose all immediately in a blink of an eye, and that on its own is a problem psychologically.

Yeah, even if you manage to get rich from gambling, you must have been extremely lucky and at the same time given yourself some brains to know that gambling is all about luck and once you manage to hit that luck, you really do not want to be taking it for granted. But of course, human mentality is all about the greed, that mindset of wanting more and more, and before you know it, they get themselves pushed into the hot coal of addiction because that is what situations like this results to.

That is always the best way to approach gambling which is by setting yourself a good limit and in a lot of cases, people who do not get to do this, always end up getting pretty screwed up eventually as they tend to focus too much on the winning and then think the more they keep getting exposed, the more the chances would be for them.

But in reality, it is all gambling, it is all about luck, and whether we like it or not, the odds are always not going to be there to give us the chance to even want to win, which is the reason why there are always 99 losers and a winner at one time. With some little free cash and time though, not a bad idea to have some little fun in a casino anyway.

This discussion is really not needed in a place as strictly blockchain based as bitcoin gambling. I mean in crypto world almost everything relies on proof and data.

When you have this much casino, it makes no sense in trying a new one, the new casinos should try to get you with a lot of marketing and a lot of promotions . Aside from the brand new ones that is trying to get your attention we have known all the other big ones already. hence, we trust them, they are fair and they do everything openly.

We know house edges on all, we can compare odds on all sportsbooks and we have played in all casinos for years. There is nothing in bitcoin that is shady because everything is out in the open, you can clearly see the odds and how they favor the house. Casinos in bitcoin world openly says "in long enough wager we win" and why would they cheat you if they already win.

Suicide in the form of bailing out entirely from trading or real suicide ? lol. Anyway, it is a sure thing that if you approach margin trading without any knowledge at all, there is nothing that would change the fact that such a person will end up not just in huge loss, but could end up getting liquidated with nothing to trade anymore.

Personally, I do not always encourage new traders to go the marginal way, as that can result to a terrible one, but the most important thing is never to approach trade without any knowledge or strategy as that could actually be an equivalent to committing suicide like you said.

There are still good sides to this story. In peoples minds the price of all time high is 20 thousand dollars which shows and proves that it is actually doable. Nobody knows if bitcoin can ever reach 60 thousand dollars one day but everyone knows it can reach 20 thousand dollars because it once did. Now considering this fact there is still hope in peoples minds that the price will reach 20 thousand dollars one day.

Would you rather be at 15 thousand dollars right now and going to 20 thousand dollars from a profit stand point or would you rather get bitcoin at these prices and go to 20 thousand dollar from here? I would prefer going from here even if I had no bitcoins because that would show a bigger impact and interest for bitcoin that going from 15 thousand to 20 thousand. That is why I am hoping we will see an increase, that would help us a lot.