I would go for long term trading. I can say that its really good and applicable for me. I used to learn from being a panic seller and managed to become a short term or day trader. But I'm upgraded right now and I can say thay long term trading is applicable for me because I can handle my emotion and I'm not the same anymore.
these two strategies are not separate from each other so you don't exactly need to only choose one for your trading strategies. you can do both and also remember that different markets require different type of approach. for example you can do day trading in both altcoin and bitcoin market but long term investment only works with bitcoin and not a single altcoin is good for that. |
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FOMO shouldn't just be viewed as desperate and sudden thing. Some investors (especially in Japan where some are more tech-savvy) are starting to realise that Bitcoin has a big future, as an asset or a currency or for wider applications or really anything else, and they're flowing in knowing that this will be a low price in a few years' time.
lets not forget that Japan was the land of Mt Gox and they took a big hit after the big scam and they were out of the game for a long time. and now they are coming back, with a lot more faith and surprisingly with an open arms. and we won't probably see their effect this soon but it is there and there will be a solid rise in real demand for bitcoin as new people with new money come in. and lets not forget that Japan will soon host the Olympics games and that will be a huge publicity to the whole world as people go there with their foreign money and "Bitcoin is accepted here" signs will be everywhere and easy for them to just use bitcoin instead of exchanging their money. I doubt if "Bitcoin is accepted here" signs are ubiquitous enough for foreign tourists to use them. But if it does happen, especially before a big event like the Olympics, it could provide a big boost for Bitcoin. Of course, it depends on merchants not short-changing bitcoin users - i.e. not charging higher prices in bitcoins when compared to yen. even if nobody uses it, and they just see the signs and start googling about bitcoin and see what it is and find out more about it, i say it is more than good enough. besides i believe that no matter how the merchants are going to price their things they will still be more convinient to be bought with bitcoin than with Yen. i personally prefer carrying around my bitcoin wallet rather than my physical wallet with Yen in it or a credit card,... for spending. |
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Just think that in (almost) less than 3 years from now $BTC blocks will pay only 6 BTC to miners. Halving is near fellas, accumulate. #bitcoinhalving http://www.bitcoinblockhalf.com/you are talking about a price rise, and a big one at that but yet you are rounding up 0.25 BTC from the reward  as Billy said when it comes to price all this drama about block size don't matter. there is still the same amount of bitcoin available and with each halving the reward is lower so it decreases the sell pressure coming from miners selling bitcoin. aka lower supply + higher demand = moon. |
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i don't know where 8btc finds these people these days, i don't know if it is a case of lost in translation kind of deal or is it the fact that they are Chinese and only gamble invest in everything instead of making some speculation and analysis.
with that said i also disagree about a lot of stuff it said. mostly that this is trading the article talks about and for that you don't really "get lured in" if you are experienced enough.
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If Bitcoin price pumps from $1300 to $3000 in few hours, nobody would make profit from it, because the exchanges wouldn't allow you to sell your Bitcoins and make the fast profit, it would bring a big loss for exchange sites.
Do you agree with this?
I DON'T AGREE TO THIS! Why would an exchange not allow you to sell your bitcoins? On what grounds will the hold your funds? They should know better how bitcoin can be volatile at times and payout even when its a loss on their side. I guess I have misread the post of the author last time. But there are also points to what he mentioned in his post but it is not about not be able to sell bitcoin but rather you cannot withdraw your bitcoin from the exchanges during the increase of value. As experience maintenance always occurs and there is delay in the withdrawals but I dont know if its because the exchanges doesnt want to let us withdraw or there is problem on the blockchain. a fast rise and a huge traffic on exchanges which may cause some downtime doesn't have anything to do with bitcoin price getting "pumped". so OP has to make up his mind, and talk about only one specific topic: - price pump (meaning going from $1300 to $3000 in an hour for example) - price rise (meaning rising from $1300 to $1400) - not being able to withdraw from exchanges. these are 3 different and completely irrelevent topics. |
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miners really aren't that impressed by whats going on in litecoin....and they are still feeling burned from HK agreement. they wont activate segwit as soft fork...only HF with base increase. true story.
how is it that they are not "impressed". SegWit is just locked_in. there is still a day and 9 hours left to the real activation of SegWit on litecoin. apart from that, the SegWit support on litecoin from miners was a full on 100% support, so i would say they were pretty "impressed" that they adopted it like this! |
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look at this board and speculation and altcoin board. you at least see 20 topics talking about altcoin market cap!
now all these altcoins have been getting dumped for the past days. all that money is exiting that "market cap" and coming into bitcoin, the only coin that has ever mattered.
and don't forget that the money that went in, is not coming out with a huge profit. for example if you invested $1000 in altcoin market now you have at least $5000 to invest in bitcoin.
aside from that there is Japanese who are investing in bitcoin since it is a legal way of making payments and because of their businesses they are stablishing all around Japan to make more profit.
also other countries such as Russia are more friendly about bitcoin and that has caused a lot more volume coming from them.
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You'll see when we drop to $200 again! I think some people endured heavy losses back then, they bought @$1200 and price crashed to $200 in a week.
Now is entirely a different story, now we have a great infrastructure in place, now we have billion dollar mining industry, now we have many big investors with billions of dollars invested on services and market or just simply accumulators.
Now we have some people in control somehow, they are the ones stand great loss if anything bad happens to the network, so they will make sure everything runs smooth and stays stable because it's their money and interest.
We're well passed that line of crashing big and hard, unless miners start to kill their machines which is a good thing in fact as it will open some doors for us small miners to earn and mine more coins. I don't see any other way for this system to crash do you?
there is this thing called "Stop Loss" which is always a good idea to use! or at the very least keep in mind as an option to prevent a big loss like that. we are all investors and are aware of the risks and that 2013 price was clearly a bubble. i mean what did they expect from a $1000 rise in one month (from $200 to $1200). even a child could say it is a bubble.
now you see what i meant by this topic. price is @$1700+ |
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Bazinga All you have to do is look at charts and use your brain (although I don't think I would have handled HODLing when it went as low as $200).
that is what i have been telling everyone for a long time and i just hope some of them listen. it is not that i never sell or take profit and trade back in, but it is funny to see when price rise is over and we enter correction phase, a lot of people come out and start saying sell after the drop already happened. although to be fair there are always some good advice in there too that we shouldn't overlook. |
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It would of course, at a large scale. If bitcoin would never scale, some other coins might take the spot who already has the lead in terms of adoption and development e.g. LTC or ETH. However, what coin would replace bitcoin that I have no clue about since I'm still wary about ETH rise and LTC seemed to be too far off the charts.
Exactly. I mean, it's not that difficult to create a coin that would surpass Bitcoin in market cap and adoption. All its needs it's to implement SegWit at launch, establish a very limited supply with no premine or ICO, and have active development to be able to surpass Bitcoin. By having a deflationary model and everything else just like Bitcoin, it would quickly gain traction. Especially by having SegWit within the first day of launch, which will be a huge booster for the new coin. Also, there could exist a possibility of an existent altcoin to take over Bitcoin too. In my own opinion, both Ethereum and Dash look like the ideal candidates to become the top cryptocurrency in market cap. Just sharing my thoughts.  if it was possible, it would have happened already! nobody is stopping anybody from doing it and we all know code is open and you can just copy it and start a new coin with any specification. the problem however is the adoption, nobody will give up bitcoin which has been around for a long time and trusted to go to a new thing. and on top of that the developers these days are only looking for profit and their own pocket, they don't care about developing a good coin. so they never do it. |
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these numbers although they seem big are still too small. but it is growing and will continue to do so as new coins are created and price is heading up. and it really doesn't have that much of an effect on the real economy when you think about it. again because bitcoin is still too small to have such an effect there are a lot of other huge markets with a much bigger market cap than bitcoin out there.
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it is certainly a possibility but i am afraid that very soon we are going to see a lot of bumps on the road to slow down our progress towards that target price. the ETF rejection, which is very possible, is one of the biggest ones. and lets not forget that the blocksize silliness is still there and it is still preventing us from moving on.
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many chinaman only know the virtual currency is BTC,and don;t know the ETH or other coin
this is 100% off topic here we are talking about bitcoin in Japan and what you said has nothing to do with any of these. and no they know very well about altcoins and they are a part of pump and dumping the pumpcoins like ethereum. to OP someone had a good answer here: https://bitcointalk.org/index.php?topic=1872311.msg18704853#msg18704853 |
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looking at the topic and other comments around the forum in different places i see everyone is suddenly so helpful to others giving them "valuable financial advice" and telling them to sell your coins while chanting keywords such as
- crash
- bubble
- back to $100
- (haven't yet seen but expect it to start) 2013 bubble and gox
i just wanted to say my gratitude and tell you that i am going to sell my coins just the way i sold them back when price was $200 and you were saying it will dies.
or when i sold them when price was $600 and you were giving me "valuable financial advice" and predicted crash to $200. and the same way that i sold when price went above $1000 and you gave me another "valuable financial advice" and told me price is going to crash to $400 again.
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I guess you have to be lucky enough when you trade with these coins so you won't lose a great amount of money. As a sideline, I trade the-so-called shit coins and proud to say I get profit out of it (though not that much). You just have to study these coins first so you'll have a higher chance to gain than to lose. Well I only invest on cheap coins. It is said that cheap coins are prone to go up than go down (since it's already at the bottom).
the day you start thinking you need luck to make money while trading is the day you lose your money. instead of being a gambler in trading try to learn what trading is, to learn how the market works and how the risks are. and i have to inform you that there is nothing saying a cheap coin has to go up. a cheap coin is cheap for a reason, it is useless! and the only way to go is down and eventually end up in the graveyard. as i said, learn trading not look for shitcoin/goodcoin kind of deal that doesn't work. |
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that sounds plausible but only if you are thinking about bitcoin as something like Gold which people just invest in and hold so the price goes up and more investors come and buy and hold, .... and price goes up.
and that is true about bitcoin.
but bitcoin also has another aspect to it: beign a currency and a good one at that with the decentralization and all the privacy it gives customers. and that is a big factor that you shouldn't forget when you are thinking about adoption and the price going up.
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WARNING INCOMING CORRECTION
Hodl onto your coins.
Bull run not over.
HODL!!!!!!!!!!
Can you explain better ? price went up a lot in a short period of time. and whenever there is a fast rise or any rise for that matter, traders sell at some point to take the profit. and when they sell price comes down. that is called correction. and that coming down is always smaller than the total rise. so you either have to sell on top before price corrects or don't think about selling at all because price will go back up and you'll miss it. |
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it is too soon, people still don't get it. well some might but majority still don't really understand how scarce bitcoin is!
i keep telling my friends that there are very small amount of bitcoins available compared to the population of the whole world but they take it as a joke. some of them have come back recently with the rise and thought more about what i once told them but most of them are still in denial.
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i don't know why people are always so extreme when it comes to gambling. they are either going all in and taking huge risks and think they are getting rich or they give up on it and stay away completely.
you all have to start thinking about midle grounds and reach a balance. if you don't like gambling then that is alright but if you like it, then make reasonable bets. not something that you can't afford to lose like this other topic in this baord talking about losing 12BTC!
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it is never too late to invest in bitcoin and history has proven that already multiple times. even when price goes down it always comes back up because (in case you have forgotten) there is still the same very limited amount of bitcoin available and that is not going to change and if anything it will even go down because of all the coins that are lost.
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