The market crashes due to everyone's panic behaviour. Some are just washed and influenced to sell at a loss thinking that the market will fall down hard and due to this, this bear market is non stop.
Yh, this domino effect is super annoying but nonetheless inevitable and its up to people to decide if they want to stay for the long run or take s quick dip and get out. The situation, depending on how you think, can be seen as both an opportunity but also as a risk to the future of Bitcoin. |
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Hey guys!
Just interested if you still earn any money? The situation is so horrible that it's interesting to me if someone still feels good.
Maybe you mine or you continue to invest in something.
On the whole, how to survive now? Hold, trade, sell, invest, mine?
It depends on you if you want to earn money or not, except this time the stakes are even higher because the market is so volatile. Yes, it is annoying that the market is the way it is, but it just forces us to strategies and decide what type of investors we are, are we here for long term profit or short holding, do we trust the market to buy more coins now etc. |
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It is not conclusive to say that Google searches about Bitcoin is influencing Bitcoin market price because this is not true. Its all about how many people still buy or sell Bitcoin that influences the price, its always been this way, demand and supply.
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Now days bitcoin，eth and all the altcoin price falling to a lower price，others fear I greedy，mabe it's time to invest now ？
Its true, that with all the prices falling people are wondering what's best to do, sell out and get as the little profit as it can be managed or be brave and buy in more. Myself, I like to be safe but nonetheless, this may be a great opportunity for new investment. |
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The reason I can think of which in my opinion greatly affects the price and thus growth of Bitcoin or any other crypto is the uncertainty of the market.
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I think if Bitcoin were to die out then this would not be the end of cryptomania since I think that its lead role would be taken my another coin and crypto will survive its fall.
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Its a strong attitude to have at times like this but also very important. Hopefully, Bitcoin price recovery will be with us soon and the patience will all be worth it.
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My classmates asked that question and the professor kept on talking about the probability of getting scammed but he's really against the whole crypto-currency movement so his opinion is biased.
So...here I am, asking for guidance...
For one, scamming is not only common in crypto, its everywhere. If you are to apply this kind of logic, then you should never cross the road because there's a chance you could be killed. Its all about you acknowledging the risk and being careful. The internet has a lot of opportunities but these can also be misfortunate at the same time. |
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Bitcoin is just like any casino or lottery - it is a tax on stupid people who fundamentally do not understand that this is a game they will lose. It is tax on low intelligence.
This is rather insulting and not so much to the rest of us but yourself. For one you don't seem to know the blockchain technology so for this reason alone you should not be entitled to moron-speak on here, like you did. Plus, if you feel you better than this why on earth are you on here? Its to say that your negativity resembles your own stupidity period. |
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This collapse we're seeing now was obvious from a few weeks prior to this market devastation. It's just one of the things that we all keep getting wrong in crypto and that is escape the greediness that prevents most of us to get out on time.
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The rate at which the price drops is quite devastating, however if you have been following bitcoin closely or even if you start recently, try to familiarize yourself with the history of this cryptocurrency and you will realise this is inevitable. Therefore be calm, you will get a huge profit over your investment with time.
I agree that Bitcoin price had dropped dramatically and nobody is happy, I get that. What I'm skeptical about is if and when is the recovery going to happen? Even if history showed that it happened in the past, the question we face now is if the history will repeat this time again. |
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I find that no matter what your trade strategy you are using, you will eventually not escape stress. Like, today for example, with the BTC price starting to go down again, the amount of stress is unbelievable since every other coin is relative to BTC. My solution and recommendation to evade stress is either stay in the market and don't look back, tether or leave entirely.
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A lot of people have their breaking point, where they will throw in the towel. What "event" or "change in technology" will be your final nail in the coffin for your Bitcoin dreams? A lot of people are looking at the Bitcoin price as a trigger, but that would be stupid. (The price are mostly manipulated, so this is a bad guideline) The trigger must be something other than the price. (Example : Major change in the Bitcoin code / Core developer leaving / Flaw in the protocol / The introduction of a much better technology etc.) Let's see how many different triggers could cause a mass exodus of Bitcoin supporters.   With all this uncertainty about central organisations backing up cryptocurrencies in general, I think the biggest booster to the crypto market economy is bigger adoption and acceptance by there organisations. |
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Bitcoin (BTC) received another negative assessment from central banks, this time Benoit Kerere from the executive board of the European Central Bank (ECB), calling the original cryptocurrency “an evil offspring of the financial crisis,” reports the Financial Times. That can be found on the network recently. Bitcoin fell and fiat experts immediately started a new wave of hate, do you think bitcoin will recover soon?
It was obvious that any bank representative would have a hate attitude toward crypto this is why I'm not surprised why the ECB executive board acted no differently. As to BTC becoming so volatile is beyond annoying. |
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This is an interesting questions which I think would be more relevant in the future as in my opinion the crypto market is not doing as well as it could be, and I fear that there may be some time before we start to see market improvements.
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I actually have no idea why BTC tanked around $1000 today.
In the past there was usually some reason like hacked exchange or ETF rejection/delay or China ban.
After research I can only come up with 2 reasons. First one was some over leveraged longs on OKEx, basically similiar to what happened a few months ago with that half a billion liquidated position.
Second one is Craig Wright saying he really is Satoshi and he will sell all his BTC to fund miners to mine SV instead of ABC and SV.
I think the former makes more sense to me.
These seem reasonable causes but I wonder, and this point is intertwined and relevant to your last point, if it's also got to do with the fact that miners experience a mining crisis with more and more inefficient mining? |
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Rumors are
Bitcoin mining is not profitable for many miners due to electricity prices of their region, so they are turning their rigs off.
Many Miners are switching to Bcash in order to fight the coming battle from their Nov 15th Fork.
I wonder if the mining inefficiency is what caused the price drop of Bitcoin today or whether there is another matter at play here, any thoughts? |
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I think the most important thing to do in order to avoid getting scammed is check the liability of the source(s) you're using to make trading decisions and certainly don't play it by the ear - its all about strategy.
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Some bounty hunters who are also investors take time to research into projects and come out with good projects with much capabilities of becoming successful. These type of Bounty hunters cease the opportunity to buy more of that coin at low prices below ICO prices after the ICO and listing on exchange. Most coins get started on the with lower than ICO prices.
Overall, buying coins after the ICO is not a bad strategy just have to be mindful about the markets to see if there's prospect of price recovery since most coins drop out even when they get listed on exchanges |
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I have been learning how to trade btc and altcoins by myself and having my experiences. I read online articles on trading signals and what to watch out for. I've made some profits and lost a good deal. Good thing I started with very little capital. Right now everything looks so negative especially as btc went so bearish. I need advice on how to improve my trading because I really want to do this  You've done well so far, what you got out of it was realistic with both the highs and downs but now I consider trading as a matter of time until the markets stabilise again |
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