ETH prices are down very low. Is this the right time to all in ETH?
It is mate. In fact, I have been stacking Ethereum as well because I believe in the coin, and although it may take some time, I believe that its capacity to rise back up never wavered, so I am just being positive that it would really be a gainful investment in the end. Unfortunately for me though, I don't have that much capital to use and spare because I have already investment in some other coins that had low prices recently, but had many good news going for them. |
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1. Blockchain has a long way to go to be a practical solution
Businesses will not miss the opportunity until the technology demonstrates its scalability. However, this can not be proven in the real world until the companies make the leap and produce a concrete result, not an experiment. Moreover, not all industries will benefit from blockchain, while other industries may face a costly and time-consuming conversion process so they choose blockchain over a network. now available.
2. Too easy to join
The real concern with a low barrier to participation is that there is no way to ensure that this technology will not become obsolete for several months. This is another reason why businesses have not implemented blockchain technology. Why invest in a blockchain while only a few months later will have a better blockchain next generation? Replacing and upgrading can be costly and time consuming.
3. Very few tangible means value of crypto.
One of the biggest misconceptions with digital currency is its mass acceptance of tokens, meaning that they are successful. Unfortunately, using a virtual currency does not necessarily generate revenue or profit for developers behind the token. Furthermore, blockchain technology tends to hold long-term potential values, not the token itself. Therefore, buying into a token that does not actually acquire ownership in the base blockchain does not make sense to the investor.
4. Tax situation is a nightmare
Investing in the crypto algorithm means that you need to track the increase and decrease in capital for each transaction. Even using your token to purchase goods and services will also serve as a taxable service, in line with the Tax Administration's tax guidelines.
I agree, but I think, the most important reason why people are afraid because of the fact that the market and its ventures are just so volatile and unpredictable for some to actually carry and stomach. It's just so hard to deal with a market that doesn't give you anything, more so has the capacity to make your investment go down the drain with just one bad move. Money is money, and so for many, it's hard to actually hard to just hope that everything will be fine. |
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This is good news isnt it? The crypto market is recovering and prices are increasing.
However I would approach this cautiously as it may not be a real bull run as the market is still weak.
I would not be surprised to see BTC and the cryptos trading within a range for a while more as traders are likely to sell
when BTC hits 12000 and buy when it hits 9000 again. Just be careful if anyone is buying at this price.
If it would help for the prices of coins or recover and increase, then it would be good news no matter what; however, I pray that it would mean that it can also add to the stability of the market and its assets. I say that because it's one of factors why many people actually feel that the market is not safe to invest in because they are not sure how their investments would turn out, and so, that happening would cure it and would entice more people to support he market. |
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Now all the markets are crashing down and I don't know what to do with my altcoins. My briefcase fell 30% in a couple of days. I'm afraid I might lose more. Selling or hodl?
Hold mate, there is no other way. Everytime the market is crashing down, there is no other move but be smart with your investments by way of being patient and holding it. That way, you won't deal out or get rid of your assets in a time when you won't get, at least, any profit from it or breakeven. We are all in this market to get some return for the time and effort we invest in our ventures. So, just be patient mate, any how, we have seen time and time again that this market has the capacity to rise up. |
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You have a very interesting chart on bitcoin. Immediately evident that you are good at what you do. I also agree with the proposed possible scenarios. But many people on the forum say that soon bitcoin will test the level of $ 20,000, is it true?  I agree, but at the end of the day, there is no certain indicator or even guide that can tell us if the market and its assets will prosper. This market is just so volatile and unpredictable at the moment that it's so hard to say if it would rise up or fall down, or heck, if it would still be in existent. There are so many things that can happen, especially in this market that the action is so overwhelming sometimes that so many changes good or bad may happen at any point. |
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I am hodling few coins in an exchange and do some trading. Cut losses were fine with me 'coz I'm a bit scared of high loss, I am just playing in a safety mode. But, while many are happy with the eth's continuously pumping and traders are happy to see the market's optimistic view, I am still here waiting for the Eth to drops heavily like at least $30. So, I can buy some and will experience the fruits of eth's benefits as well.  Is it possible now, to reached down it's value like that? Like hello? I've been waiting for a couple of months. Lol Am I the only one here, in the contrary of patiently waiting for eth to dump like hell? I think that would be too harsh of a fall if that happens to Ethereum considering that it is one of those coins that has reached about a thousand grand before. I think the only case that that would happen is if the market would crash so bad, or if there will be assets that could actually replace Ethereum and would bury it in such a way that it would lose value like that, but honestly, I don't see that from happening anytime soon because Ethereum gets a lot of support in the market. |
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The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?
To correlate the question with this market, I think that it should be made sure that the cryptocurrency market, or its earnings therefrom, should be used to economy-strengthening practices that can help a country become more financially and economically stable. As more and more revenue, coupled with an efficient and effective means of use, then it would surely help in making that country begin to rise and improve. |
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After participating in ICOs by buying some tokens or participating in bounties, the moment their tokens are listed in exchanges, what do you do guys, do you sell your tokens right away or wait for a more higher price to come?
For me, I usually wait for a while before actually selling the tokens or coin I got from ICOs; I do that because I ride the wave of the popularity of the ICO, especially when it goes out public after doing its pre-ICO and investment stages. During that time, it garners the best attention from the community, and so in turn, it starts to gains more usage, and ultimately, it gains value during that period of time. And also, it is quite common that after the coins or tokens have been released, it's value is not ripe yet to be sold. |
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Have you heard that telegram created an internal cryptocurrency ? Imo this is the next big trend, I believe that amazon, google and facebook will follow that in the future, and Bitcoin will be dethroned
Even though there are many swirling negative stuff and news surrounding it, and the many happenings of social media platforms banning it, plus business entities being doubtful of it, I still believe that Bitcoin, or cyrptocurrency in general are a good investment to do because, to me, it can still give me a substantial amount of profit. It can multiply my investment more than other investment schemes, and so for me, that's good enough. |
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I noticed that there are many investors who likes to participate during ICO because of the huge profit but its very risky as well.
When is the best time to buy Altcoin?
ICO stage?
From Exchange?
Wait for the dip?
I think when it dips and during its pre-ICO stage. Those two phases are the best because it's the time when it can be at its lowest point, and therefore, the money you can earn can actually be double or tripled what you have invested for since you can get them during these stages for less and so you will have more asset while investing less capital. This way, you can also achieve your set profit margin with more certainty. |
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Regret is an inevitable state of mind in crypto at one point or another:-
why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.
I have a couple of strategies here to help me dampen the feeling of regret.
1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.
If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.
Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.
2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.
Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.
Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.
Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.
I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.
Well, I think the best thing to do is to accept that this may happen, especially in this market where there are so many alleys to lose your investment. It's not an easy thing to invest in this market surely. Therefore, as an investor, you should have an open eye for seeing these alleys and to avoid them to not experience losses. Also, you should have a "short memory" so that you won't have to dwell on this bad stuff. |
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As recently government are banning bitcoin in some countries. Do you think can government distroy bitcoin?
In can, not literally though. It can destroy the cryptocurrency market by way of making it an illegal act or banning it that would prohibit people from using or supporting it, that in a sense, would be similar to death because that would surely affect the market and its assets so negatively that bad things will happen, most notably, the fall of the market itself. However, as I see it, a government wouldn't do that because, the thing is, they can have so many advantages from it. |
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i analysed the chart of bitcoin and i focused on times when the price were dropped, I concluded that the bitcoin always save him self and back up more then ever.
Because of the current crisis for bitcoin which is not the first in its history, some people have become suspicious of the future of this crypto currency, so much so that they are saying it is useless.
I just want to remind the world that bitcoin is the first crypto currency in the history, raised in 2009 as decentralized currency in the blockchain technologie.
bitcoin has the value, because is the first.
It does, especially now that it's rising up in value again. Many users who are just patiently waiting for this to come and happen will again be active in the market. The more people using it and doing business with it, the better it's standing will be and surely, it will give more and more people the idea that this market is really legit, perhaps some of them, the detractors that were saying how the cryptocurrency market is dying or that Bitcoin is dead. |
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People are invested in bitcoin in many ways.
They see good reasons to stick with it and most of them are thinking long term.
Things crash from time to time, it doesnt mean they are dead.
And besides that profit isn't the main focus for most of the old dogs of bitcoin.
That's right. That's the good thing about this market. You can use cryptocurrency, and Bitcoin to be specific, in so many ways that many people get enticed to try their hands on it. Also, seeing how its value is continuing to rise, then it's not even a surprise that many would try to take advantage of it, especially now that it's rising up in value again closing the gap on the 10k mark. The profit people can get from investing in it is the best reason why people still buy it. |
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It can be said that most ICO's are fake, scams or simply don't or won't work in the long run. I wouldn't say that all ICO devs have bad motives, but the ones that do will obviously take their earnings and eject.
You simply need to do some good research, keep a good communication bridge between the ICO's team and if or when you decide on investing and hope you don't fall victim to scams.
I agree. I think many users are just mistaking "failing" ICOs for scams or fakes. It's just that it's hard for developers and project investors to gain their required quota investment due to so many market factors like the sheer number of ICOs popping out everyday; the amount of similar projects in the market making it hard to decide which ones to go; and the many negative news that is swirling around ICOs that surely discredits it's good points. Having said all those thing, I still think that ICOs are good investments. |
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We always hear people posting about their awesome trades and/or gains but very rarely hear about the stupid things that people do. With that in mind, let's hear the biggest brainfarts you've had while trading crypto...
I think for me it's quite easy. Trade-out prematurely or selling in panic, especially during the times when the market and its assets are falling down, and I didn't know then that it will soon rise up again after a few months. Since I don't want to endanger my investment and capital more and thinking that I would only suffer lesser loss, I got rid of my assets that would rise up after a couple of months. I regretted that very much then, but I got over it. After all, I can't do anything to get it back but to learn from it. |
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The Bitcoin is reaching $10,000 again. Personally, I think cryptos will be the future, even some countries already banned them, like China and South Korea. Recently, an news shaped my eyes again, it said that the investment banking powerhouse Goldman Sachs will start trading Bitcoin futures using its own money. Bitcoin (BTC.X): will this rally sustain?Do you think bitcoin will continue to increase?It surely will. You know mate that even though the cryptocurrency market including its assets, especially the pioneering ones, have been in existence for a decade. It is still a juvenile market so-to-speak, especially when compared to other currency market that have been present for hundreds of years. The concept of currency has been with us for a while now, and it has evolved in many ways since it started. So, this market that we're in still has a lot of changes and things to experience and undergo that it's probably expected that as much as it can rise, it also will fall several times to evolve. |
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Both, of course. And topmost it is also a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.
I think in the sense of being something that can be used to purchase or pay for good and services. Then, the term "currency" and "money" can be used interchangeably here. It's because it terms of function and use, they possess the same characteristic. However, the beauty of Bitcoin, or cryptocurrencies in general, is that it's just one facet of their use; they can be used in so many different ways that it can really be a good asset to hold because it can be an invest-able and trade-able asset all at the same time. |
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So guys, what do you think about investing in different icos? I think it's a good idea. We never know which will take the lead in the future. Please help me and give me good suggestions!
In this market mate, everything has a possibility of happening. I mean, many have claimed before that Ethereum would be the of the future, but look at it now, although it's one of the best coins around, it's still no match if you compare it with Bitcoin, but it's not always the end for altcoins to match Bitcoin. If one altcoin would gain massive support from the community as well as show gainful transactions, then it would not be too impossible to think that it can rise enough to replace Bitcoin. |
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You will always hear "Buy Low, Sell High" but its easier said than done as I also encountered a time when I have to sell below my Buy rate as I see another opportunity to not only to earn but to recover what I have lost on a wrong purchase. Write down all your mistakes in trading and try to read them from time to time to remind you not to do it again.
That's right and also find those coins that have good feedback as well as those that can be moved quickly even for a little profit. Also, choose those coins that can be bought for a low amount but has a high movability factor, so that, you won't have to hold it for too long that market trends would effect it in such a way that it would priced way too lower that what you bought it for. |
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