Yes don't just look at graphs on coinmarketcap but rather get an understanding of three forms of analysis. Those are technical, sentimental, and fundamental, if you understand these you stand to do well imo.
Well, good suggestion. However, don't disregard information found in the market itself, it can give you lots of useful and guiding knowledge that you can use in order for your trades to be successful. The best thing in trading, I think, is to actually try it and just endure whatever happens, charge it to experience as they say. Loses are inevitable; however, you, as a trader, should know that you can use those loses as knowledge to help you with your ventures. Also, I think another strategy with trading is diversifying your holdings and not sticking to one coin because you it's like having more tickets to a raffle, basically, the more you have the more chances of winning. |
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LTC is a safe bet for investment but I don't think it's gonna perform that well. 2018 will be the year for ICOs and new exiting altcurrencies to shine. The year of FOMO no doubt. These new competitors of BTC and LTC will attract investors and divide the community. I myself looking for unique projects those are solving current blockchain, security and mining problems with an easy to use for public solutions.
I agree. There have been so many news and plans coming straight from its developers regarding their plan to actually boost the coin through pumping its value and increasing its market cap. I think many altcoin developers and holders are just waiting for the right time to actually make moves because they don't want to do it during the time bitcoin was surging, which is generally the main mover and factor that made so many altcoins in the market plummet in value. Since bitcoin is now stabilizing, it's the best time to keep at it and try to regain value. Thus, there is a good chance that LTC would catch fire. |
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I dont think that bitcoin is a financial pyramid system or something like that. It is a new technology of money. People who belive in blockchain technology they invest their money yes but I dont have alt-members or I dont earn money from them. It is like investing your money on a promising project or company.
I agree. The way it has started and had risen in power and value do not conform with your usual pyramiding scheme. Also, in its decade-long existence, there was no person who had ever claimed that his or her money was scammed from him by an "up-line" member, which is a usual ingredient found in pyramiding scams. Although it employs crowd-funding strategies in its investments, it doesn't follow a pyramid-style business plan because it's more of a loan-style scheme, where you lend your money to a starting up company, and it uses such money for capital. Also, its rise in value was due to investments. |
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Maybe, people need cash, i need cash also. If i doesn't have any cash with me the tendency will be, i will surely cash out my btc so that i have my budget with me during the holiday season.
I think it did because if you would take note, the start when bitcoin began to stabilize is around the last week of December. This is the period nearing the Christmas Season; I agree that during this season many people need money to spend for yuletide-related expenses like gifts, food, and other things. Which meant that, maybe, some people withdrew their coins and converted them to case, since it was also the perfect time because that's when bitcoin had it's highest record value. The more bitcoin went out the market, the more supply there was, which maybe affected it price to go down. |
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Basically setting a limit is the proper strategy. Its somehow a basic rule not only in gambling but for financial matters as well. Setting a limit of your expenses to keep your finances going. Its time to stop when you have reached your limit. Its sometimes a struggle to do so specially when you want to win back your losses.
I agree. The operative word is "limit". You have to set limits and control yourself to not plunge into the darkness of gambling addiction, and it's also a means to at least mitigate your loses. The thing about gambling is that it has the same effect on a person whether he is losing or winning. When you win, you want to play more to extend your winnings, while if you lose, you want to play more to get your loses back. It's like a person is in trance whether he wins or loses. Therefore, the best way to know when to stop is by setting limits to yourself as to time or as to money. You can also have a schedule gambling day so that you would not use most of your days gambling. |
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I hope that's the case.
Since bitcoins cash and other hard forks Ultimately aim to replace bitcoins instead of creating an alternative , and due to frequent debate in the team members regarding bitcoin core , segwit , Bitcoin cash I do think that the future of whole crypto world is at stake , since it could hamper the most dominant cryptocurrency in this world.
I do think that it should stop trying to replace bitcoins.
I think it may have a future if factors would converge to be in its favor. I say that seeing how it gained in price point and is now the second best coin in the market with the highest value at around 2.3k. That gain, since it's birth from the fork, is very promising. I think many of those who have gained Bitcoin Cash has really used the chance and opportunity to boost the coin having to consider that they get it for free. Also, I think that's the purpose of the developers, like the above-stated reply said, to at least combat or neutralize the continued rise of bitcoin. |
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Technology is not always a good thing.
One example is with the children.
In the old days, children used to play outside with their friends.
Now majority of them are just staring at their iPads.
Its better for the children to play with their IPads rather than they play outside with the super hot weather that can cause heat strokes. I remember there are already many students who join the athletic meets died due to heat. Pollution is a major factor and the climate changing why the children are always looking on their ipads. But as a parent it is our duty to keep everything in balance, we must give time to our children to use the Ipads and a time to read books, watch television, chatting with the family, and other activities. It is not the fault of the children why they are focused on Ipads it just means that the parents are so busy that they give their children Ipads do they will not disturb them. So if we dont want children to keep staring on Ipads let us not buy one and spend quality time with our children. Good points mate. I agree as well. I think one of the negative effects of technology is the risk of having people get addicted to it that they don't become functional people anymore. It is unfortunate that this happens due to the fact that parents are supporting the trend of giving smart phones, tablets, and other gadgets to their children at such an early age that they become more accustomed with using them rather than going out and exploring their surrounding. Also, I think that it has it's health risks given the many news regarding radiation affecting avid gadget users and some devices exploding here and there. |
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That is unrealistic, I think that it can make it big but not a trillion value that is very impossible in my opinion, That the price would just pump into a trillion dollar in just a year, I myself would want that but I think a million USD is enough for bitcoin, I really there there would be an issue and a problem if bitcoin's gonna make it in that trillion boundary.
I agree. I am a total bitcoin supporter, and I think it has a lot left in its tank to increase in value. I also know that it will keep on going in stride as to how much it would increase in the next few months and years. However, having it to reach one trillion would be so much of a long shot to happen. Even the stock market or any other investment-based ventures have not reached that amount in the long years it has been present. I think millions mark would be more probable to happen. |
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Bitcoin is alive and kicking, it is the future the currency of the world today it help our world make a better through many methods, a good example of this are additonal income also if provides more security, privacy, and most especially freedom from the government.
I agree. I think many people mistake being stable with being dead. Even bitcoin, being the most powerful and strongest cryptocurrency in the market, can sometimes experience stops or slows in price gain. It's not forever that it will climb in value like what happened last November and December, because if that will continue to happen, it will be bad for the other market players namely altcoins. It has been seen that bitcoin surge sometimes have a profound, often times negative effect, on may altcoins. |
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TL;DR: Trading advice from a newbie.
Thanks I was wondering what the wall of text was about. BTW OP if you want people to read lengthy text please break it up at least and put some color and bolding behind it. Will likely raise chances people will read, gl. Same thought in here. as a writer you must first be able to entice your readers in reading your article. it doesn't matter how good or beneficial your story is if they will not find interest in reading it. and this why there are a lot of good writer that fails to sell their story. Thank you for the information, it's a good read nonetheless. However, from the title, it would be very impossible to have no losses in trading. You would have losses one way or another because not every qualifying factors that would suggest that one coin or investment would prosper would always go as planned and actually would. I think there are some market changes that happen quickly that it would be too late to take it back even if the trade only happened days or even hours ago. That's one side of the cryptocurrency market that can't be avoided, things change quickly. |
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There is no ideal number. My favorite advice is always this: Invest an amount that wouldn't hurt you financially even if you lost all of it. Although we all hope for the best and want to make profit, the crypto environment (especially the altcoin environment) is highly volatile and you never know what might happen tomorrow.
I agree. That's the beauty of the bitcoin market, you can actually start with it with little capital because there are some coins which are good enough to invest but you can buy for a price even lower than a dollars. You just have to be patient with your investment, and also, you have to be smart about it, so that would choose the better investments rather than the one-trick-ponies that may increase for one time but would not have any more in the future. Also, it would be actually better to start small and not invest all your money, since you are a beginner, you are bound to lose some of your investment in bad trades, thus, it would help mitigate your loses. |
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There is a simple solution.
1) Stop buying shitcoins.
2) Hold your bitcoins.
If you keep on losing money it's clear you're naive and buy all that hyped stuff right after the pumps and end up with dumped coins.
Trading is not for you so stick with the safe way of hodling BTC
Pretty simple answer. And, I agree. I think you need to check on carefully with your investments. You should study your investments and trades very well before you go on them. Everything that is priced low should be bought, and not because it gained good value, it's also good to invest in. You should also check the trends and changes that made it so. By following it, then you can be sure to choose the better investments to make. In the cryptocurrency market, everything can change in a glance, and it would be better to study your every move than just being trigger happy with it. |
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<snip>
Even if I put in a lot of my money, I only get a fraction of what people were able to get 1 year ago. 1 year ago people got coins for 1 penny and stashed 100,000 coins for $1000, now I have to pay $1000 just for 1 coin?!? I feel so ripped off! <snip>
I think you should spend a few minutes and check your mindset. Why do you care what others have? So what if someone else bought Bitcoin for $1 and now has thousands of them; that doesn't affect your life in any way. Keep in mind that those with huge wallets of BTC and/or ETH bought it when everyone was telling them it was a fad and they were throwing their money away. They took a huge risk and deserve every coin they have. Don't compare your success to those around you, but instead ask yourself what should you learn from this and change your behaviors. Bitcoin is only expensive now if you think this is the highest it'll ever go; if you think it can reach five digit numbers then this is still a cheap price. Pretty straight mate. I agree. In the bitcoin, or cryptocurrency market, I think you can never be too late, especially now that the whole industry is booming and is going up and up. You may think that you're already late with investing with bitcoin because its price is already that high; however, I think that it still has a lot of potential to go up, bitcoin is the most powerful crypto around, and even if it pauses its surge from time to time, it would surely rise up when all the factors converge on its side. Also, if you think bitcoin is too high for you, then you can try investing in altcoins, there are so many promising ones around that you can get for a lower value, and hopefully in the future, you can get rid of for a profit. |
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I think maybe one of the reasons is because some people belive they can make quick money gambling. Once people start to win money they start to take more risks, this can lead to a continuous cycle in which a gambler keeps losing money. Other people find it fun to gamble so this is the reason they get addicted.
I agree. I think most of the time, one develops an addiction for gambling when he wins. The feeling of winning is surely addictive, and anyone would be hooked in it. The feeling is good, plus you get to have more money. Unfortunately, many are fixated in that situation even in the moments when they are losing. Also, studies have shown that whether a person is winning or losing, his brain feels somewhat the same feeling but with different intents. If one is winning, he likes the feel of it, and therefore, wants to continue on playing. On the other hand, if someone is losing, he feels the need to play more because he wants to get his loses back. Both, whether winning or losing, prompts a person to play more, and thus, addiction comes in. |
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Hi,
Does anyone have an understanding of how taxes work with cryptocurrency?
I read about capital gains tax, but what if the BTC i have was donated to me at first?
For now, there is no country yet that has imposed any taxes on bitcoin or any activities related to it. However, there are a lot of talks with regards to it because , I think, many countries have already foreseen the big effect that bitcoin would have in the market, and any country, for sure, would want to strike it big when that happens. I have read many write-ups regarding countries aiming to regulate the use of bitcoins or impose taxes on it for government profit. I think this is an inevitable step for some countries to gain control over it, hopefully, it won't be too strict that people would be discouraged to keep on using it. |
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Yes ETH can reach BTC's value but not in the near future,ethereum and btc shares problems like poor transaction confirmation speed,congested network and small blocksize.
Well, I think in the cryptocurrency market, everything has a possibility. However, for now, I would say that there is little to no chance of Ethereum reaching bitcoin's value because, even though Eth may be the second-most known cryto in the market, it still lacks the experience that bitcoin have accumulated over the past decade that contributed to the reason why it reached its current value. Also, seeing comparing the growth of the two coins, almost all altcoins in the market have grown quite slowly since bitcoin gets all the attention and the only one that is benefiting from it. |
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Hi, I found an interesting ICO and would like to hear opinions of more experienced crypto investors. I read their white paper, researched team members, and everything seems normal. Just in a few words: they develop a software to allow us to control things with our brain waves. I think the concept is very interesting and I think such technologies should be developed. Especially, this can help people with challenges to lead a new life. Also, it can change gaming industry and we won't need keyboards and mice. Here's them testing a robotic arm with a neuro interface: https://www.youtube.com/watch?v=9cMsAys1ZZUWhat do you think? Should I invest in this ICO http://neurogress.io/? If you have anything similar to recommend or any other interesting ICO, please share  Any reply and advice about ICOs would be helpful. Wow, I think you made all the necessary steps to check whether it is a legit ICO or not. I think you should trust your gut and just go on with it. As they say, trust your instincts, and so, if you feel that it can do good and make major changes in the gaming industry, then I think it would be a good try. And also, I think that's how it works in the ICO market, as much as you want to be sure with committing to a project that would prosper and succeed, you can't really tell, so everything you join in is somehow a leap of faith. And, thanks for the information about the ICO, even I became interested. |
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Dear friends.
Do you think Bitcoin price will go down under 10000$ in 2018 ?
Should I buy Bitcoin now or waiting more...
Need your opinions
I think bitcoin's value would not down that low anymore, when bitcoin price's drop, it only tends to drop around 1-2k dollars based on previous trends. Also, I think that since the time bitcoin reached its record price during the surge, many people have gained much interest over it that allowed bitcoin to continue its surge for more than two months. I think that would lead to more and more transactions that would help bitcoin catch fire again maybe after 2-3 months and have another increase in price point. Hopefully, it continues, but I also hope that altcoins would be able to go up with bitcoin rather than what happened last time where many altcoins went further down. |
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I’m a little bit confused as I’m new to this my friend is making a fortune from ripple but not actually owning any as he is investing in it, is this better then having ripple sitting in a wallet?
I think right now, the best thing to do with Ripple is to hold on to it. If you would check the market, Ripple has been increasing, just before from $.5, now it's around $4, since it is just stashed in your wallet, might as well wait for a little longer, until the price up stagnates or stabilizes, after that, you should best get rid of it for profit. I think Ripple is a good investment right now because of the many news regarding its developers plans to pump and boost the coin. Good thing for you that you have some in your wallet. |
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I strongly agree that bitcoin has many advantages. For me the advantages of bitcoin in addition to increase income as well as the right investment for a better future
You don't understand. The main advantage of bitcoin is the ability to use it to build our own economy to which the government will have no relationship. Bitcoin is freedom, but most people did not understand. I somehow gravitate and agree on this answer alot. I think a government, in any country, tries to regulate everything in their jurisdiction to make it work out for them, therefore, having something where you can gain profit from that is not actually controlled by the government gives you a lot of options to gain without any interference. Also, it gives you the chance to actually transact in other parts of the world without the traditional requirement of having a credit card or bank card. Hopefully, bitcoin, or the cyptocurrency market in general, would prosper because it could really bring lots of good changes in the market. |
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