Welcome to the world of cryptocurrency. the safest Crypto to invest in is BTC. people with more capital hold higher BTC percent because they want to stay somewhat risk adverse in the space. There is a reason BTC dominates 67 percent of the entire market. to new guys I recommend either just buy BTC and hold, or go 70 percent BTC, and the rest can be altcoins of your choice. at the end of the day all other coins are standing on the shoulders of Bitcoin.
Further, I highly recommend not day trading, as its very hard to get into and costly with high risk. But if you do, for the love of god, buy low, sell high. don't sell when the price is dropping, sell when the price is going up, buy when the price is going down.
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I think the use of Bitcoin is not well-established reputationally and is hard to perform for a regular person to become interested in it. From start till now, there were numerous attempts to quantify the adoption rate of Bitcoin, but they were extremely complicated due to Bitcoin’s privacy and lack of information about individual accounts. the mass adoption of Bitcoin could growe by increasing use of cryptocurrency in businesses. The rising amount of enterprises, individuals and manufacturers that accept Bitcoin as a means of payment positively affects it's adoption by ordinary customers and households.
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In my opinion, money can mean many different things colloquially, but the economics something is called money if it satisfies three properties: unit of account, medium of exchange and store of value. But currencies are specific forms of money, usually printed and maintained by a government. So money is an abstract definition, but currencies like the US dollar, are money that we use in our day-to-day transactions.
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I think Bitcoin and cryptocurrencies are still young and very small. maybe Bitcoin will be digital gold, maybe it will be currency. It's hard to tell this early in the game. what Bitcoin can do will depend on the features added in the years to come. but I personally believe bitcoins true value and future lies much more as an asset class then as a currency to be spent. It'll be more like gold then local currency. It's deflationary nature will strongly discourage it's use as a currency, and it's properties as a store of value and inflation hedge make it a far more natural fit then as a traditional means of exchange.
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If you have something that does not inflate, and there will never be more of this thing and it cannot be stolen and isn't a niche item like a baseball card that only some people value, and if that thing is a currency you can spend, then Yes, It is right to believe that Bitcoin could reach $100,000 or even more. in my opinion Bitcoin will rise in value forever compared to fiat dollars and will rise forever in relation to all human work effort value for all time. It's beautiful to watch fiat currencies against BTC. It's definitely starting to punch a hole through a certain ceiling.
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So traders when I started trading I only knew about two indicators and nothing else after few days of trading I was in loss After that I googled ' top 10 books to learn trading ' and started reading books Trading in the zone Think and trade like a champion trading for living howard marks mastering the market cycle Thinking fast and slow now I am reading Little book that beats the market I wrote this topic because I see many newbies and intermediate traders who have lost money and seeking for help , I think reading books is only way to gain knowledge and help yourself, don't go behind course and tips and waste your time and money , books are available for free just read and implement which Is what i did which books have you read , how it is helping you You read so many books, I didn't even have to read more than 3 books to learn how to trade, the more books you read, the more you will over complicate things with all these theories people throw at you. Also a waste of time and money to buy them all and read them. However, I really don't recommend any books except universal principles of successful trading because it has all you need. Sure, you can blame your inability to trade correctly on psychology or whatever you wish but if you have a solid trading plan before the day starts then you don't have a problem.
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What's going on with the market as everyday you can see a quick pump or dump which was not the case until last one month? I thought it's done by whales but I don't think they will do it so often. Who is creating these fluctuations and where will this lead us? Bull run or bear market?
I think, currently Bitcoin price is driven by emotions and everyone wants to enter the game to make some profit. few people really care about the functionality and potential of Bitcoin as a decentralized system and as an alternative currency. most of the investors only care about buying cheap and waiting for the price to go continually higher. Thereby, when a market is driven by emotions, everything can happen. such a market cannot be accurately predicted since our emotional nature is unstable.
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I think, in 2020, with institutional investors continuing to buy into Bitcoin and popular services continuing to add Bitcoin integration making it easier and easier for anyone to invest in Bitcoin using the apps they already use. Hopefully by 2020 Bitcoin will have a robust scaling solution in place that will allow it to be used regularly at a mass scale as a payment platform. After halvening I expect a price between $15,000 - $20,000. In 2024 further mass adoption of Bitcoin continues. It starts becoming a mainstream way to pay for things on the internet. the fourth block reward halving occurs which boosts the price. i expect a price between $120,000-$160,000.
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I lost $2,000 in one month which took out 90 percent of my career's earnings. painful lesson but made me a better trader in the long run. It feels like I rollback into time when I had that lesser amount. I almost quit after this because I let $5,000 potential gains run away. I was still a beginner in trading, but it seriously hurt watching that go away. After two years, I still cannot shake off that psychological stress I experienced during that time. I won't give up though.
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I'm holding far too much. just waiting for a good run to step off down to a more reasonable percentage. Bitcoin is ridiculously volatile and having large percentages of your net worth in something like that doesn't make a lot of sense. however, I'm never going to sell all my coin and I very much look forward to the day when bitcoin stops being an investment and starts being a currency but in 15 years I'm aiming to be financially independent and perhaps retired. By then having a steady income from my portfolio is worth a lot more than riding the crazy train.
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I know Bitcoin will do great in future, but never sell your bike for any coins. spend as much which you can afford to lose. However, i think personally, the amount of risk you are taking is low. Bitcoin is the best way to store the value compared to other cryptocurrencies, but I'm not saying you're going to make money, and i'm sure if we see a price surge in one year you'll be looking back at comments like these thinking "They didn't know I was a genius". I seriously hope that it will work for you and when you come back you will either be a millionaire or severely bikeless. either way you will have something to tell us and your kids.
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I think bitcoin is important because It's an international currency. Whether or not your government is doing well or poorly, it’s value will not be subject to inflation. you won’t have to pay special fees to spend it in one country or another. you cannot bounce a check, or float a check it's float is negligible no matter how large an amount is. you don’t need to trust banks to hold it for you, you can hold it yourself. you can transact anonymously. and no ID required. you can track all of your spending electronically.
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They are safe if used properly. even the creation of paper wallets unless done properly are not 100% and if the paper is destroyed or unable to be read the key is gone forever. further, When using a paper wallet you trust the environment you're using it on both when generating the keys and when spending. it's possible to be safe if you audit the key generation code carefully and maintain a perfect digital hygiene when spending. therefore, hardware wallets are typically as safe as isolated minimalist computers can be.
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Yes, Of course. Personally, I rather die with a bitcoin in my pocket than giving it away in this hugely speculative and manipulative market that seems so well in the mission to push inexperienced individuals like me out. I read the other day that 8 million bitcoins haven't been moved from their wallets in the last three years and this seems to be a fact a good one in my opinion. we will see where the market goes in the next couple years so for now best thing to do is to forget about it and keep away from anything that related to bitcoin
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Yes, Of course, but I accumulate BTC almost hourly rather than buying all at a one. I find this to be the best, most fun and also the least stressful way to invest. further, I chose one job over another because of which one agreed to pay me in bitcoin instead of dollars. I am at 100% accumulation effort now and only sell what BTC I must to pay my fiat bills.
Don't forget, Bitcoin is currently on it's most advanced technological level, and much-needed second-layer scaling solutions are being rapidly adopted, one exchange at the time. But not many people are aware of those developments as they have written Bitcoin off completely.
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In my opinion at 1hr chart, as long as the price remains well above $7,300 longs can be considered with first target at $7,500. A bullish break in this resistance could then target the resistance at $7,680. If there is any crossing, the next objective would be the resistance located at $7,832. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction may not be tradeable.
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Satoshi Nakamoto is more incredible than ever. He is the archetypal genius, humble, reclusive, deeply invested in the world of mind and cares little for financial reward or fame. I can't think of a more perfect founder for Crypto. If the majority knew how money works and where it comes from, there would be a revolution like never seen before. The arrival of bitcoin will kill the use of Fiat, weather it be by usefulness, the need for mass adoption by the unbanked, or whatever reason. the mere acquisition of knowledge of the FIAT base system will push it out of use. we are headed towards the financial collapse of Fiat, that's for sure.
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Bitcoins real value is around $25,000, the low value over the last few months was typical pump and dump day trade strategy, happens countless times every day and every week. this is how whales, wall street and market makers separate you from your money and get even more rich. I think it will hit somewhere between $15,000-$20,000 in next 5 months and then stabilize around $25,000 and then maybe in 2-3 years it will hit $86,000.
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What Going on! ? Who keeping btc price down??
Less than a 24 hours ago I saw everybody were selling. now it's back to HODL on. guess what folks, we haven't moved much in months, and won't move for another month or two because of the cycle. this is clear manipulation, buying and crashing to accumulate, can we all stop dramatizing every daily spike. further it is possible that the biggest mining companies are keeping BTC price low at the moment in order to keep mining almost not profitable for a while.
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