Holding is always the best option, everything will experience price drips on the way up. Panic sellers are the emotional type that can't stomach price drops so they act foolish and sell off only to watch the price rise up after they sell.
I don't think cryptocurrency holding is always good option. When you will be get good return from your expectation than why aren’t selling? Panic sellers dumping the coin price because they cannot keep patience for the rising. But i'm also panic selling when price going to down for the spreading huge FUD or the project got scammed, So a lot of reasons involved who guys panic selling. Postponed trading is very worst situation for me i don't take it. For a trader, it is very important to have expected profit otherwise people will get upset and lose patience but for traders, it’s important to control emotions and learn from your mistakes. You should take time before starting to trade hold your emotions and trade profitably by long term trading. Panic selling is a way to lose your money. I am also with you in this regard. Selling out bitcoin other than trading purpose and that also just out of fear is not acceptable. Those people who think that bitcoin is just a loss, they should go and do some research. Better, do some research before even investing into bitcoin or any altcoin so that there wont be any panic moments at all. Bitcoin has produced millionaires in this world within no time. This is enough for understanding its worth. |
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I have been with different ICOs before and it's frustrating to know that they only end up as shit coins. As for me, the problem is within the developers and the project itself. Sometimes, lack of effort to advertise and promote their coin even after their ICO is one of the common problem. The number of scam ICOs are actually growing and investors are actually getting rid of these frauds.
Why would you waste your precious time and energy on such ICOs and coins when you have bitcoin and few good altcoins with you. It is good to try new things but not when you are trying to make money and that too in digital world. Moreover, it does not make pretty much sense for developers to put some real efforts when they are scammers from the very start. The safest and best is to go with bitcoin. |
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Until February 2020 I bet more than 30% of them will retire giving a hard time for Libra to gather the necessary funds. PayPal already retired from the Libra program and in the coming days due to the regulation problems some of them will follow PayPal decision. I want to ask the community here, do you trust Libra anymore ? Because for sure it cannot be the King of crypto , those are just dreams ant nothing else as no one could over take bitcoin no matter how hard they try. Just because they have some big companies names that are willing to invest into Libra this won't put the currency into top 1 ...or even top 10 so just stop dreaming. If we are talking about the King of Cryptos then it is just bitcoin, the one real king. Let us just not forget the reason why we have altcoins. I do not think that altcoins can survive or gain trust without taking help from bitcoin. The best altcoin has been ethereum for long now and even it failed to take place of bitcoin even after years of efforts. Libra or any other don't even stand the chance. They cant even achieve a quarter of what bitcoin had years ago. |
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I don't know about the future of BNB, but I see altcoin BNB has good potential for investment. they have their own exchanges and many large communities support it too. but that doesn't happen when compared to bitcoin, I think bitcoin cannot be replaced by any altcoin including BNB.
The BNB recently showed its potential when it fell in price by almost 3 times its maximum price. Bitcoin also fell heavily, but bitcoin can also grow. But the BNB is unlikely to rise in price in the future, because IEO on this exchange is gradually losing interest of investors. BNB is not the first altcoin to become the rival or enemy of bitcoin. Many have tried to take its position since beginning and none has even achieved half of what bitcoin has. There is only one true king of digital currencies and that is bitcoin. It is the backbone of digital market. Unlike bitcoin, most of altcoins fail to survive downfalls and lose support from the community. |
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In my own point of view, if bitcoin started to goes down it doesn't mean that there will be no new rich people because not everyone become rich are just from investing in bitcoin and crypto. But it's true that a lot of people become rich because of bitcoin, even i solved my financial problems with the help of bitcoin that i don't have any problems in paying all of my bills today thanks to it.
Indeed, that is true. Bitcoin has given world new millionaire and only this crypto currency was capable of achieving this. If bitcoin is anything, it is nothing other than financial improvement and huge gains within a small period of time. For this e people who think that it is done and cannot grow, they should do some research before making such predictions or else just sit behind and watch it progressing. |
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Although I sounds like a broken radio here but, don't risk yourselves in asking in telegram groups what to trade. Believe me, I joined many TG groups that lead me to danger. The first time is was when I have .005 btc and then there was a call in trade I won .002 btc that because I all in'd. Then after the next trades the balance became 0.
In that case, it would be best to not only discuss your ideas and problems with others here but also do some research on your own. That way you will learn more than simply relying on what others say. Such forums are best for knowing the latest news and the predictions for next peak. Being honest, when majority here is of the opinion that we will be having a rise soon, it literally happens. Bitcoin is a precious asset so one must do most on his own. |
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I don't know for sure about holding, what I do know is that institutions engaged in technology and finance must have understood cryptocurrency, so the possibility of institutions holding bitcoin is there, but we don't know clearly because of the secrecy of identity in the ledger I mean transactions without identity are likely to difficult to know unless the institution announces an interest in or not to cryptocurrency directly.
There is a lot happening in this world and this is not possible that those who desire power and money still have not grabbed bitcoin. I can bank on this that they have been holding bitcoin since its birth. As far as the blockchain technology goes, it is being used in many different ways by giant companies to serve the purpose of making system secure and efficient. Bitcoin is not stuff that a wise person will ignore. |
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Undoubtedly, trade is a lot of work, requiring great experience and knowledge. Nevertheless, each trader started from scratch, not even having basic knowledge. Someone came to the cryptocurrency market only because he heard quite a lot of interesting news regarding cryptocurrencies in the media. I am one of those people who are independently trying to learn how to trade cryptocurrency and need to start somewhere. I carefully study all the information on bitcointalk and watch videos on YouTube, but nonetheless, without a professional adviser, it’s very difficult to do everything myself.
Trading is some good profession and it really gets a whole new meaning when the market to do trading in is the volatile market of digital currencies. As you said, everyone is a beginner at some time and every one sees failures of his share. A man learns from his mistakes. Also, if someone wants to earn more, he is expected to work more too. Seeking advice from experts and doing own research can be helpful. |
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the crypto market is very unpredictable and price fluctuations can change at any time, but I think ethereum can be considered the second best altcoin after bitcoin. but some other altcoins like 3,4,5 and so on, they all compete with one another and even have the same expectations as ethereum. but it all depends on how the developer in developing their project so much better than before.
That is my point also. No coin can replace ethereum or bitcoin because they are the whole reason why people started considering digital currencies worth of their investment. These coins have large community support. They have laid the basis of crypto market. Ethereum is a slow mover but they thing is, it has been able to survive from the toughest of the situations. Also, everything keeps on evolving with time and so will Ethereum. |
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Dont compare BNB to ETH.
BNB is a central coin, ETH is decentral.
BTC and ETH are both too low, and thats because of the international fight against them, they call it regulation.
ETH lost more than BTC since DEz. 2017, and thats because there are no more ICOs on ETH, so no more need for that amount of coin.
I don't think that it is correct or very justifying to call bitcoin and ethereum as the low ones. Bitcoin is the mother of all digital currencies and everyone knows that ethereum holds the top position among altcoins. No digital asset has got as much support as these two. They are the biggest players of all time. As far as the loss goes, then this is what we should expect in a volatile market. Losing value does not mean never gaining it again. |
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No way, 22 k isn't next goal. I think we are on a road to 6 k. Even in bullish scenario I predict 17 k maximum in next half a year.
So I think your prediction is wrong. Let's see after a period of time
come on, try to be more excited. Don't you seeing some of the charts in this thread make you excited too? some articles that I read reveal that the next bull market will show the full potential of the price of bitcoin, I can only hope that the price is quite high. some analysis articles also say that it is possible that in the near future bitcoin prices may recover and approach the price of $ 9,000. yeah, that's a pretty good development for this month. little by little, but certainly better than a sudden pump. it's probably the beginning to go to the price of $ 22k and be stable at that price. With experience of few years now, I am now able to understand one thing for sure and that is no one really understands the true power of bitcoin. Only those who put there trust in it were able to make good money from it. Like you, I also never ever keep my expectations limited. Bitcoin can return huge but when is the big thing to figure out. MY suggestion is to hold it for as long as you can. |
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I read that TETHER is temporarily used among cryptocurrencies, since its rate is tied to fiat, everyone buys it on cryptocurrency market pullbacks, but when the era of paper money ends, it will become unnecessary and everyone will buy up bitcoin)
No coin can take place of bitcoin. After all, bitcoin is the whole reason why we have the opportunity to invest in some other digital coin. I really don’t understand why it is difficult for investors of altcoins to accept that bitcoin is the top digital currency while they understand this fact very much. Also, anyone who would like to invest in something that can return huge profits in no time, he will choose bitcoin for sure. |
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Well, if you are bigger then the first thing for you is to learn the charts and patterns and how they work, the second thing you need to read some good books where you can learn how acutely these markets work. I suggest you read One of the best book in financial markets "Trading in the zone" by mark Douglas. I assure you can learn a lot from this book, I hope it will help you to become a good and pro trader.
Planning to become a crypto trader, spend many hours to understand everything that is connected with cryptocurrency. Remember always that you need to learn crypto and blockchain constantly. Everything has been changing on the crypto market too fast and regularly. Technology, financial system, investment strategies, regulatory measures - everything happens to fast so that you need to be in time to "grab" the news and use it correctly. A man should do both. He must listen to the words of those who have been in the market for a long time and also go and research on his own. Most of the people here truly understand the world of digital currencies and there are some who always break with the latest news. Knowledge is the most vital tool in any domain of life. This one is no different. Trading is all about acquiring it and implementing in real time. |
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From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
in my opinion the most effective way to eliminate fraudulent projects is by verifying the team and monitoring token sales from 0 to completion of the project. Or how about just eliminating any project that has a business model based around token sales? Tokens are inherently shitty from an investment standpoint. Issuing them, whether you are a scam project or not is irresponsible. That is the best and the simplest way to keep oneself safe from frauds and loss. There is no point in wasting time on such projects while we have options like bitcoin or ethereum. Indeed, it is not very easy to buy a whole bitcoin at one time but then again, there is no need and a person can start from very small amount and then increase the digits by trading. It is better to stay away from fake opportunities like token projects. |
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I personally do not believe this statistics that 99% of ICOs are scam, because some ICOs fail do not mean they are all scam. I usually tell people that starting an ICO is like starting a new business, it might succeed immediately, it might fail presently but have a great future and it might fail totally beyond redemption. So because a project is failing to perform presently or fail totally do not mean it is a scam. Don't get me wrong here, I never said there are no scam projects but the rate is not as high as alleged. Judging a project based on its first few years is wrong, give it time to realize its potentials.
No one is saying all ICOs are scam but from the information gathered on ICO projects, a greater number of them appears to be a scam. Developing a shitcoin is scam. So its not about being quick to judge rather, a way to help people from being scammed... A large number of scams happen not because of scammers but those people who are fool enough to think that there are easy ways to make money. It is not possible that you get gigantic benefits by putting negligible effort. Also, would not it be much better to just stay with the coins that have already proved to be the trustworthy ones instead of trying upcoming and new ICOs daily? |
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The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
Very important tropic you have made. I never treated investment is a gambling.There are several types of investment such as high risk & low risk. For good investment you will be get good reward i mean your money will increase here a lot of risk. But saving is 100% safety definitely it’s true because here no risk involvement. So, both of way are very different purposes i think. I also don’t consider investment as any form of gambling. Other than that, investment is much more beneficial than simple savings in terms of money and as you have already mentioned, both have very different intentions behind them. Investment is for making money ultimately, that means you do not have enough money or want more. Contrary to this, saving means you have some money and want to keep it for future use. |
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These are not all the factors (reasons) that scammers use to attract investors. Certainly a large number of scammers is annoying and therefore we must be careful in choosing a project for investment.
Scamming has been with us since the birth of human race and it is up to us to be smart. Scammers are in both world, whether real or digital. No doubt it is easier to be fooled in cyber space due to lacking of knowledge but everything has its pros and cons. The simplest and easiest way to stay away from such fraudulent is to believe in those coins that have remained in market for long and never take obvious baits. |
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Don't ask people to where you should invest your OWN money. It's your money and you should not blame other people for your mistakes in cryptocurrency. So the best thing to do is to invest your money at your own risk on what coin you want to take risk upon.
No doubt a man should listen to everyone but ultimately go for what he feels right. I think it is better to learn from others’ experiences than making mistakes. Nobody would really force the owner to spend his money according to someone’s desires. People here provide good suggestions with sincerity and wisdom. There is no harm in asking and listening to others for sure. My honest suggestion would to divide the money in bitcoin and ethereum investment. |
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The sudden and widespread selling of a security tends to make the market overflow with securities which are being sold at lower and lower prices. The more of these securities there are, the more the price is driven down thus causing more and more selling. There are many markets out there which have been brought down by this same activity of panic selling.
Panic selling can only produce devastation. Doing anything while you are not even able to understand the situation, can never be beneficial in any way. This is the whole reason why we are taught to keep our mind calm no matter what the situation is. People tend to make such mistakes when they fail to comprehend the true value of their dealings. Postponing an action is much better then losing mind. |
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According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
I think this is a bad sign. What do you think about venezuela government always holding a lot of money can fluctuate by 20% - 30% in one night? No financial specialist will solve this problem and make appropriate financial policies for the country in the future. In my opinion, the Venezuelan government is making a farce and doesn't want to redevelop the country anymore. Sadly sad for innocent people. First of all, the Venezuelan government is not holding any cryptocurrency. And I don't think that holding cryptocurrency will give them any additional advantages, as long as their economy remains in tatters. What they need to do is to clamp down on inflation. And that is not going to happen anytime soon, because they are printing the fiat currency without any limit to make salary payments to the government employees. If they stop printing the money, then the inflation my ease, but the government employees and the army will rebel against them. And I can't think about any advantages if they decide to hold Bitcoin or other cryptocurrency. The problem with Venezuela is that they are unable to afford imports of medicines and essential commodities, due to a fall in the Forex reserves. And how Bitcoin is going to solve this issue, when none of the sellers will allow them to make payments in BTC? On top of that, if they use Bitcoin widely then the value of the national currency (Bolivar) can slide down even faster. Well, I am not very sure about the reality but the news is in the air that Venezuela’s central bank is holding bitcoin and if we think logically then it appears to be true. No matter how rich or poor a country is, the officials are never poor and they are also never behind times. The major concern should be whether the officials of Venezuela going to utilize bitcoin for the betterment of the state or not. Obviously, bitcoin can bring change economically. |
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