The last time bitcoin reached it's ATH a lot pf altcoins suffered. The reason must be, some people sold their altcoin to invest in bitcoin. Once bitcoin price settles, investors goes back to their alts, so it slowly recovers.
I also think today some members of the community sell their altcoins to BTC, accordingly altcoin market are in today's level. It makes prediction hard for us what will happen in the future, as altcoins are unaffected by the increase in BTC in recent months. Hopefully the next increase will not be ineffective as in 2017, the end of 2019 will be saved in our memory. We/I can't deny that btc is better than Altcoins and diversifying our portfolio into btc alone is not a bad idea but really good. Altcoins still in struggles while Bitcoin is moving back again which is an opportunity and an advantage of bitcoin holders/investors to have some gains. Well, it has to say that we can be more profitable if we've got more bitcoin rather than to hold Ethereum. That's the practically I see and I don't believe that it will be my regret at all. |
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I believe that bitcoin can be back to $10k because that is the price that bitcoin needs to break so when the price can do that, it will have a big chance to break another highest price.
We'll really reach that point before the year ends or even this month. Bitcoin sometimes shows the unexpected. It can rise $1k in a day or the otherwise, only whale traders will decide that. One thing for sure that bitcoin may hit new ATH next year because halving event will happen again. We have that participation and we are all the factors of its change. However, the positive looks of halving may help this thing out but not to expect a big market price rally. And we believe that $10k is not quite hard to achieve cause we have it often time. Anyway, we can't just close any conclusion and to see what this halving can do/help to uplift the market condition. |
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We always see the price rise for a short period after the listing in the exchanges or after IEO, but soon price be come down,
this may due to two reasons:
The first reason is that the coin or token has no real value.
The second reason is the large sale of those who got his coin free such as airdrop.
Isn't that true?
This is quite natural behavior for tokens or coins. Each project needs time to develop. Usually it is several months, sometimes even a year or two. During this time, many investors - even those who previously planned a long-term investment, sell tokens for various reasons. The price increases only when the effects of the developers' work are visible. That is why it is a business for patient investors ... But we have to think also that 1-2 years is long enough of a certain project to develop cause if it has already a working product, I'd never think that it will turn like this. That is why can't blame the investors to raise their complaints as in a certain thing that we would like to see returns from their hard work money. But what is the worst thing it happens is that they've got nothing but just losing at their ends. |
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Right now its very hard to judge the market situation from the past 1 year we never seen some specific changes in the top coins apart from BTC and ETH which showed some descent improvement after a bear market last year. Bakkt launch was a big expectation for the investors but things didn't go well and we are again facing some major downfall in BTC these days as well. let's believe things will bounce back soon and will see a pump in upcoming days.
It seems right, and we can't greatly expect that this Bakkt will give a positive impact on the market. Have we failed our expectations again? It is like to see that we are in between the bullish and bearish season, not quite that bad and we could still making money around. We are might be desperate because we never saw bull run again but again, we can't dictate the market as it runs according to the market demand. |
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Any Price that goes heavenly up in just a day then is probably FUD or FOMO kicking in man Whales can make some heavy strike on the market so lets say Bullish or bearish is just followed by certain activities of the coin you are holding I think most times after a certain event start successfully bullish start to make way and for bearish is maybe when the event doesnt make an impact
I hope it won't last just a day but to see it keeps moving by then. FUDs are always out there but people had already learned this making such thing that investors are not affected into it. And talking about the upcoming Bakkt event, it may be we have to forget it and I don't see any positive impact for this. Bakkt will just be consider as a usual event in crypto, nothing to see the importance of this thing. |
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Is this the exchange I read in a thread section here that a member of the forum complained that he was depositing around 1000 $ on this platform and then suddenly there are new rules that you can't withdraw if you are not verified by KYC in whitebit. And all of a sudden, they are issuing such rules without telling the whitebit users that they have been hacked or that they have been deposited. Plus the volume of the whitebit platform is not that impressive, so I prefer to use the exchange known in the market.
There is a need to comply with such KYC because of its amount and in most exchanges today they requiring this for withdrawal and I believe that person who gives complains knew it already. I believe it is not only the KYC it looks interesting but also their fees cause it is really high compared to the other and I just hope that this exchange will realize it https://www.cointelligence.com/exchanges_list/whitebit/. |
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Yes, I do believe that. It is still better to put up a business and bet your money there than investing in stocks or crypto when you don't have a lot of money to back you up when you lose it. But I guess people like me just want to to take a shot in crypto and be an instant millionaire and that is why most of unemployed and broke people are chasing many shitcoins. Will it supposed that everyone chases that opportunity and aiming to become a millionaire in just a day but it looks impossible. It is really difficult to stay in the line when we don't have enough money to back-up especially when are in the market struggle and it for sure we can't take it long but to quit. This is to think that most successful traders are millionaires as they have capable of. |
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Perhaps in the near future Bitcoin could not reach the price of $ 20k. The market needs a huge leverage to go up and so far we have not found that. I think the highest price Bitcoin can reach in 2019 is $ 15k and by the end of 2020 Bitcoin will reach $ 20k.
We know it looks impossible due to its current situation, but we can't simply disclose any chance that (maybe) we could see another brighter side of crypto. We can't think it now and mostly we are in negative thought, we can also be positive sometimes knowing the fact that bitcoin was still valuable. As we notice that almost every year Bitcoin's price keeps moving high and it possibly we gonna see it back again at $20k or it much more. |
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Trading wars can be a very big influence because there will definitely be those who use cryptocurrency to make money transfer transactions or use it for money laundering, so I think this cryptocurrency can have an influence that will make cryptocurrency prices go up or down depending on the war actors who wage war what use cryptocurrency trading is used for.
Bad publicity is still a publicity, I think any news regarding bitcoin will get the attention of the people because that is the main key for bitcoin price to go up, increase the demand of the people I am sure that the bitcoin price will pump. but yeah some news still making the bitcoin price to dump. Some aren't making sense anymore, some of them are just one-sided. It becomes an influential tool in the market since a lot of people are listening and watching TV news which it exactly could create such market drama. If we are thinking that crypto never gives benefits to the community, its something we have to agree of those false accusations towards crypto. |
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It has a positive and negative impact on the market.
Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.
Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin
Though few alts are affected by BTC dominance, few alts do not fall into it. I can name few coins like, ERD, COS, Matic are have stood still not loosing their values when the btc value went down. They are based on their projects and services which shows the values of coins are based on the service and project they do in the market. However, we have to wait and see that how long these coins are keeping themselves standard to what they are now. That is what we'd likely to see them. If they'll have a good market plan and sustainable growth it surely we could see these coins keep in moving. Actually, I'm not really familiar to those coins but it is good thing that they will be able to sustain and fight for the market crisis. I know there are some altcoins could make it. |
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if I think personally a safe way to invest in cryptocurrency is :
1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.
i have my own way and they are very simple if it within top 100 and daily trade volume more than 1m and market cap 10m il consider its worth to invest.many coins spend there ico money to worthless works.if project keeping money and do some investment or backed by some real value thing il invest Though market volume is much considerable but I don't really think of having those top100 in my list. Cause it absolutely among of those top 100 coins in the market, only a few if them could have a good market returns. To be more in realistic and could have assurance, it'll be better to go along with the top 10. It actually there is no need to have a lot of coins invested in order to become profitable, it is totally depend of the coin we've chosen and 3-5 coins are good enough. |
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It has a positive and negative impact on the market.
Negative effect
* it makes altcoins become undervalued and it causes more altcoins to be totally dead as investors are usually get attracted into Bitcoin alone.
Positive impact
*More investors and user keep coming as it helps to promote crypto
*increase in market demand and to move the market price of Bitcoin
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I don't think this will be a good idea and ain't to be considered as a passive income by now. It eventually many people tried to trade but somehow they lose and put blame themselves. It is only good for those people who have a dedication and really have a good market understanding, and much better if we are in focus within.
Now, if we are trying to be one of those successful traders, then we need to find our self if we are capable of doing this or how much get prepared for any possible results in trading.
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By japan we can easily predict that they will lately fully accept bitcoin as a currency and a payment method looking at japan's current technology state they are one of the top developed countries which makes them more likely to adopt newer technologies such as bitcoin and many more in different industries
It is glad to see how Japan takes some consideration about crypto. They just want to be the leading country who used advance technology and actually they've proven for many times. There is big question why China never have this technology, in fact, they are one of the most growing country but they banned crypto. People have already know the benefits that they will probably get by having this technology. What makes this thing attractive is that it is really applicable to the system we have, we are already in computer era. |
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.... So ways are learning basic of technical analysis. If you are not going heavy just learn basic charts and a few indicators to start with. Then you have to do 100 trades with a less capital because it is ultimately going to be burnt. But these 100 displicned trades based on your learning would surely inculcate the skill of fetching money from the market in you. Create a strategy test and back test it and here you go. You can make any sums of money from crypto. But remember it's easier said than done.  Technical Analysis worth reliable but I feel it is not a guarantee to make exponential gains. We still have to applied our strategy( the best one) to make it more effective and could we possible achieve our target. But the market seems to be not in our favor, might it takes a while to have a better price. And it is to consider our chance to buy some more potential coins before we start it rise again. |
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Is crypto included in the ponzi scheme to get rich quickly?
in most cases I have observed why people rush to get short profits, this is not a good way. I mean the decisions they make are not based on common sense.
This is not what you think, if you think that crypto can become rich overnight, you don't need to bother avoiding investment risks. You only need to focus on crypto investments that you think can make you rich.
but unfortunately the market says it's different, there is no way to get quick profits & all you have to do is how you can survive in this market. between a fixed choice with the same option or switch with another option.
I had the same thought when I first learned about crypto, and I realized it when I suffered a loss. I think that kind of thinking is really wrong and it's a natural thing for many newbies to think like that. crypto is not ponzi I'm sure of that We can't blame others because that is most likely people's impression about crypto and even us but our mind is already enlighten and we know that we are totally wrong. We suffered losses that are because that is the fact about crypto and it actually we have to experience that for the sense that it helps us to educate our self and to know that we did something wrong. If we are an open-minded person, we might be able to accept the market challenged and not easily bored or shows depression for the reason that we just lose in one or two. Stick to the thing that what we believe is true and crypto means nothing but a profitable engagement. |
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Well, I do consider trading as a business but not entirely. Business is not all about buying, selling goods, product and service. For me business is getting a benefits or simply profit for your own good and for other as well. Some other says that business runs by multiple number of people but the truth is there is sole proprietorship which run by single person and just like other it sells product and service. Now if we were going to apply it in crypto trading, a single person buy and sell his/her coins to public(refers to fellow traders). It is more likely as long as there is transaction involved it CAN be considered as a business.
It is clearly stated here https://www.expowest.com/en/register/business-categories.html where trading belongs to and definitely it was a business. I don't think we have to put in doubts. As everything we do around that involves money are to be considered another form of business even though we benefited from this or not. But most likely we do business just to have profit and that is what we do in trading. |
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Really depends on the project itself now, people would buy in if they think the project or coin has the potential to grow.It is still possible but its hard to predict when and what coin.
It simply you can't because you've never tried it and for the reason that there is no coin having such potentiality to grow quickly. Investors are the only hope but sadly they have never been attracted to the new projects today, and merely they don't have guts to put their money at risk considering that most existed project today are just scam. |
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Now bitcoin is under fire again with Bakkt first day of trade price crumble again but slowly regain, they say october is the time that it will reach 16k are we gonna see 20k+ by november ?
Bakkt never has a good impact on the market instead, it drags the market down. We are just over speculated the market and we think that having $20k again is pretty easy but what it happens now? We are dropping hard and not surely if we could make a big run next month or even this year. Though we are an optimistic person but totally not confident of what the market had shown to us. It may be this is a time to refresh our mind and not to think too much with the market so we can't feel worries and disappointment in every time the market suffer price fall. |
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While the rest of the market is showing signs of recovery, things are still looking shaky. Bitcoin (BTC), Ethereum (ETH), and EOS (EOS) are each up by less than 1%. Taken together, these signs indicate a lack of confidence in the market, which could be a sign of further losses to come.
That's not what I look into the market. I still have confidence that the market will regains back the trust from the investors but not likely to all of them have it. EOS isn't in the big line yet, but XRP did its best to be in the top 3 which it means that there is something we rely upon on it. May people worried for their lose with XRP as of being centralized but in a certain thing also it somehow profitable. What it makes difficult is to have in wrong timing in buying and selling. |
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