recently we have seen a small preview of what the FOMO (fear of missing out) can look like in bitcoin market when the rise starts. we have also seen it many times when the reversals happen and generally whenever there is a rise.
so considering the current situation where most investors are scared, how big do you think the FOMO is going to be when the rises start?
If a proper "fomo" starts then it would be way more than any of this. If the price moves to 4k that is not fomo, that is a regular trading day for bitcoin, we have seen 4k so many times already and then went down so its not even a surprise to any of us anymore. Maybe 6k could be considered "fomo" but its really not big enough for that. Fear of missing out only happens when the price goes high so much that people start to buy more because they see it going even higher and then buy so they don't "miss out", so you see the price first need to go up a bit before the FOMO period starts and 6k is barely the fomo level already so how could we say 6k will be the start of it. I think the main price point should be around 8-9 thousand just when FOMO starts and then much much higher when its ending. Exactly. But fomos before and a coming fomo now would probably be very different from each other. 2018 took away a lot of confidence and considering that a lot of people lost money because of fomo, it's doubtful that they'll fall for it again. |
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I think right now is the best time you can buy bitcoin, because prices are now starting to rise, so you also still have many opportunities to get a lot of profits.
Well i doubt it. Unless it would be enough for you to profit little by little like let's say 3 to 5% every now and then. This upward movement in price has happened before and then just when hopes are all up, it dropped again. The market could be playing with us here so being too optimistic may cause loss instead of gains. |
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Well, I've made this curve right now, and maybe we really reached the bottom.
Well , it's just your predictions , right ? This graph looks plausible only at the time of its publication, but after a week it may seem just reflections of a naive person. Since we are sharing thoughts here, then I will post my own on this. This is how I see the graph in a month and a neatly drawn curve again tells us that "it is quite likely that this is the bottom"   If anything, the "true" bottom was at 6k This is to show how all these charts are utterly irrelevant and misleading, while all these predictions and projections are as baseless as they are clueless. The price is a random walk mostly. The things which matter in these circumstances are the overall trend (which is still bearish) and fundamental, long-term factors such as halving and slow but steady adoption of Bitcoin as a store of value and wealth transfer vehicle One of the most sensible things i've read today ☝☝☝ i agree dude. Most predictions are just personal assumptions based on just how the person feels or thinks about the market situation. You can't really say you have solid basis for predicting the price's trajectory since it's usually moving in random. |
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As far as I know no one can control the price of bitcoin but it seems all whales can do it. Maybe you can control the price of bitcoin if you have lot of it but if you don't have you can't control. So I think Roger Ver can manipulate or control the price of bitcoin if he have lot of it.
We can call Ver "influencer", but to control the market price of the biggest crypto out there is a over statement. They have their own agenda when they pushed their so-called hash war, that has impacted the market price to literally go down the drain but for me this is not control, but just the negative effects of their action, nothing more. Lol. He can't even control the decline of bch. Roger ver's influenced i think has waned already over the year and though he still has quite a following, he certainly doesn't have any control over the market in general. |
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Of course holding is still my choice, I don't think hard about the current market conditions and I think casually that the market will definitely grow.
Having a long term plan gives you more leverage than people day trading or shorting. Though long term can be subjectable from a few months to years. For 2019 i think there's profit to be made especially if you get in around this time and hold for let's say until 3rd or 4th quarter. |
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The best and most safe way is to simply set aside, a set amount each month, buying during the good and the bad times. Dollar cost averaging is your friend.
Every month one should be investing in the coins which they think will grow in future and this will help us to build a portfolio for ourself and also the price would get averaged out as at times it would be less and at times may be higher etc .This could be a way for many people to o buy as not everyone can buy at one go . Its is good strategy for long term holder but definitely not the best to make more money from investment,I will say while making money for investing on bitcoin every month they also need to explore other crypto earning way like trading and they need to try it also to make more money but with less capital which is not needed for the investor. Yes, the strategy emphasize by the above members was not applicable for bitcoiners who dont have much investment capital and it not must for investors to buy coins every month because the market status is what will determine the time of investment because crypto investment profit are determine by the time of entering and exiting the market. Besides, accumulating more coins dont work for all investors and ones must always apply the strategy that usually bring more money to his table. It sounds like you are advocating an attempt to time the market, suzanne5223, when there is decent evidence that dollar cost averaging into bitcoin is likely to pay off a lot better than either playing around with timing of the price or even playing around with other coins (and I cannot tell if you are suggesting to play around with coins, other than btc). In other words, continuing to accumulate BTC and to hold BTC is likely the best strategy, so long as you do not invest more than you need for ongoing expenses, including planning into the future and having some kind of emergency reserve fund. Well that works if you plan a few years of holding the coins you've accumulated. And if you have the means to buy monthly of course. I still think it's best to gauge your timing. There will be months when it's better to just sit and wait. Flexibility is an important trait both for a good investor or a good trader. |
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Yes, the price of crypto maket will recover but not in short time, you will need to wait more and also not invest more money that afford to lose, and some coins will die in my opinion because they are not adopted or can't be used in any domains.
More days to come before we end up this year and still we looking it for that show again. We struggled one year of dips and might be this year is a kind of big opposite from it. It is not really quick to have it again and it needs enough time and support from us otherwise it turns into nothing. Nothing to expect more but we just keep positive and looking opportunities around while waiting. Well yeah, stay positive but also be realistic. Probably the market will be in a more postive trend compared to last year but i don't expect any major bull runs to even get is over 8k. I've learned to manage my expectations meagerly to avoid getting disappointed lol. |
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On the cryptocurrency market, technical analysis can be useful only in short periods of time (hours, days). Unfortunately, it does not work if we apply it in longer periods.
i feel the opposite. anything below the 1-hour charts is noise to me. long terms charts are actually analyzable. there is some inherent logic to this: higher timeframes dampen volatility. when mr. itchyfingers market buys 500 BTC it really messes with the short term charts. but on the weekly/monthly charts you hardly notice it. that's why you can recognize the real moves on the higher timeframe charts. they separate the signal from noise. I kind of agree with the second comment dude. Ta's will be hard pressed to make decent predictions in a short time when fluctuations can be very sharp. And there's very little data to base your ta's from compared to being able to observe the long term movement of a certain coin. |
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I have a lot of lesson I learned during the bear market but it is being patient and wait for the value to increaseed it or to recover it.
Bear market measured my patient and until now I complete and Im relax and Im confident that it will recover. I learned also during the negativity of others you need to be positive so they will not affect on you and they will follow you in the end which is being positive.
Well those that think in the same way would likely be more fortunate than others. The way i see it, instead of whining about how you lost or currently at a loss and holding, this bear trend showed that this market is not for people expecting instant profit. You have to be prepared for whatever's going to happen by knowing the essentials and having a plan. |
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I dont think bitcoin will drop its price again below 100$ , cause every year bitcoin is evolving more and more merchnats are accepting it other country they regulated bitcoin and one country make it as a commodity.
Yeah we're already years beyond those sub 1k levels and though it's still possible, it's highly unlikely anymore. And i don't it's logical to think that it can go that low at this point in time. Even now it seems btc is gaining a little momentum. |
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Short term decision as you advocate may not be good enough but advocate rational decision as that will take into consideration so many factors before investment decision is taking and that is the only way out for one to remain in profit( crypto investment).
seeing the current increase I feel quite optimistic about the price of bitcoin in the future. well, maybe this development will be judged positively by people. however, in the near future, the price of bitcoin will reach $ 4k. I think if the situations not change, maybe in the next month, we can see bitcoin price to reach $4k or more because the trend now is trying to moves from down to go up. Besides that, I think the bitcoin price has reached the bottom price in the last month so it will be a good time for bitcoin to rise to a higher price. But my prediction could get wrong as I know that the market still unpredictable and the price can move everywhere. Well any prediction can go wrong dude don't worry though the market was actually feeling good today with btc and eth leading the gainers. It's good to see bitcoin break 3.7k and hopefully we're on our way to 4k this first quarter. Let's just cross our fingers now lol. |
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I do expect that this entire year is a bullish year of cryptocurrency. Weve been through hard times especially last year which is i think the worst, and this year might be the best.
Lol. The market is green but there's hardly any significant growth dude. And so far, it's anything but bullish. I hope your right about the rest of the year but it's likely that this trend will be stretched at least for the first quarter. |
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Why are you guys waiting for the bitcoin to go down? If you can actually go now and invest, learn how to trade and that's enough. Blockchain is booming and these days you will see that it will grow. It seems pretty good TA but I didn't convince that there's a bottomed and I think we already reached that. Good job for the analysis and it is very informative, as well.
We all learned here that the best time for buying is bottom. Now everyone wish to buy when Bitcoin hit`s the bottom. I don`t bother with trading, I don`t bother with waiting bottom. I buy when I can cause I believe in this market in long-term. Not all crypto-currencies will rise, so I`m careful when I invest. I choose, I buy and I wait. It`s my long-term plan. It's just right not to bother with waiting for the bottom because we wouldn't know when that will come. I agree with your strategy of buying whenever you can at this stage since i believe there's little room for a decline anymore. It's just important that people know how to manage the risk they'll take. |
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Overall, I am so optimistic about the future of Bitcoin, with significant growth, it can be said that Bitcoin is a financial system that is so attractive because it has so many benefits. We all know that Bitcoin is revolutionary and this will last and even increase in the future.
All that may be in the distant future though. We haven't been having significant growth if you base it from the current value. When it comes to adoption, i don't see it coming in the next two years. Btc still needs to overcome a lot of issues to get confidence up for investors. |
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It's hard to say the bear market is leaving, the rising is still too small to be consider as bull, many experts predicted from the chart said that the bear will still on going, the price 3k is not a good support price, it got the possibility of falling down lower before going up There are two opposite views on this Following which you can come to very different, even antagonistic conclusions. According to the first view, prices are set explode (or implode) sooner or later as it has always happened in the past. So technically, we should be counting down the days until it actually happens. On the other hand, the second view suggests that it may not in fact be the case and our counting should actually be in the opposite direction as the longer prices remain stable the more people expect them to be stable in the future Well i think basing it from what happened in the past don't cut it anymore. 2018 broke several historical patterns and there's no reason not to believe that 2019 will also do the same. Though we're neither in the bear or the bull market it seems. Things are pretty stagnant between the 3.5 to 3.6k level. |
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Some people are worried about the current situation of Bitcoin price, many of them are afraid of collapse. the title above does not talk about the present but about an article 6 years ago and let the writer speak: Earlier today, the price of Bitcoins rose above $27 for the first time since 2011. That represents a doubling of the $13.50 price of Bitcoins at the start of 2013, which in turn, was nearly triple the $4.75 value of Bitcoins at the start of 2012.
Of course, $27 is not an all-time record price for Bitcoins. The record-high price of just under $32 was reached on June 8, 2011. The price then crashed, falling to a low of $2 in November of 2011. Based on what happened in the past, imagine how the situation will be after 6 years. Stop worry and just HODLING  . Well that's something to lift the spirit lol. But there are many factors today that aren't there during those times. Most people don't even know the existence of bitcoin then compared to now. It's going to be more challenging to repeat history with bitcoin now receiving all these blows from mainstream media and big names in other industries. But let's still hope for the best. |
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Team world loss guys, 144 - 161, a very high scoring game.
For a while, I thought they had a chance but the team USA is just too good tonight, they are shooting well.
I'm waiting now on who will be declared as MVP, it's probably Kuzma IMO.
Wow, I thought Team World will take this one, but Team World was shooting poor specially in three points category and had more turnovers. Simmons lead them with 28 points, while Team USA had Kuzma with 35 points. So he takes the MVP this year. Hats-off to him. It will also bring more confidence to him as a Laker. It is a remarkable time for kuzma showing his capabilities, knowing that the game is composed of pure rising Stars, the future of NBA new legends, with that dominations he will be remembered and fans will delight him more, though I voted for Team World, I still adored and congratulate the team. Can't wait to watch what would be the outcome of the rivals between team Gianni's and team LeBron's., All eyes is on the Lebron's vs Gianni's now. I'm sure every NBA fans wanted to Lebron's team to win because of its firepower. Anyways, here is a good article specially the stats of both teams. http://www.sportingnews.com/us/nba/news/nba-all-star-2019-team-lebron-team-giannis-by-the-numbers-dwyane-wade-kevin-durant-anthony-davis/sv3vkvdqasw61mo234t70cdyjWell i think most of us didn't quite expect the outcome as i was also rooting for team world to win but kyle has different plans it turns out lol. Shows he's got what it takes to lead a team and the lakers probably were saved a disaster when the ad trade didn't push through. |
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Another exhibition match is on the way this coming July for Floyd Mayweather. The opponent remains un-named as of this moment and all they know for now is he is a "former Japanese boxer", fight will be held in Japan and it will be in July this year and he will be paid $10 Million USD for this match. According to the news posted by TMZ, Floyd still have 4-5 matches this year and all matches combined can earn him $80 Million USD. Source: https://www.tmz.com/2019/02/15/floyd-mayweather-boxing-july-exhibition-japan/*topic will be updated once the opponent will be named and the exact date and venue has been announced.  All of mayweather's recent fights are simply for the money. I mean, we all know he's going to win regardless of whoever that mystery boxer is because that's what he does, win fights. But it's becoming more like a circus really. |
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If US think of this today then maybe they would realize that going to cryptocurrency would be the next best move for their dollars future before its too late.
Who knows what will happen next but it's obvious that digitalization is the big thing as of now.
Even fiat is being digitalized and yeah it seems that the future is primed for a digital revolution. But that'll take a longer time for me. The current system is where majority of our transactions are rooted. And a transition may take probably several years. |
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It's already in the process of reaching out to more people dude. It's all over the internet and social media. And people's natural curiosity will make sure it gets noticed. If people are interested, they'll do something to get to know what it is and what it's for.
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