Morning all
I just wondered what people think about how the market will respond over the next few months, and what people would recommend to invest in now, because of its current low price, compared to the end of 2017.
Thanks everyone.
What will happen to the crypto market in the following months nobody could tell but all the crypto community is hoping for a fully recovery and a new ATH for bitcoin and altcoins. This will depend of the news and FUD about regulations, all the fear about governments regulating crypto made a lot of damage to the market already. Basically all we need is positive news about government embracing crypto and the blockchain technology instead of regulations, then we will see a recovery. I hope to see that over the next months. You are waiting for a miracle, and you want governments to spread the positive news that they are going to embrace cryptocurrencies and that is not going to happen, people need to wake up and forget about those dreams, governments understand very clearly what it is at stake here they are not going to renounce the control they have over the economy and the people just because a new technology was created. |
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So far its pretty hard to spend crypto on a daily basis.
There are some services out there which allow me to pay my bills with it, but the fees are high and takes away the usefulness if I have to pay fees.
Zeex is a new ICO which seems pretty cool, you can buy gift cards for various retailers with crypto directly.
Check it out at zeex.me
We have been able to buy gift cards with cryptocurrencies for a long time, what makes that ico any different? Because I understand that right now spending cryptocurrency can be a hassle, but at the same time the next question pops in my mind, why would you want to spend cryptocurrency right now? Especially when the prices are very low compared to just a few months ago. |
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Zimbabwe, a poor country in Africa, has also joined the list of countries that have banished bitcoin. It is a pity that a poor country like that can be pilling up more sorrow and poverty on its people by preventing them from trading in bitcoin.
You must remember governments only care about themselves and their own well being they do not really care about the well being of their citizens, Zimbabwe is a country with a very damaged economy, in fact the Zimbabwe dollar has become a joke and a reminder of what happens with the government fails completely at managing the economy and since bitcoin could be used as a store of value they have forbidding it because they want to steal everything they have. |
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Being wealthy is more than counting the money you have in your bank account. It is a mindset. In the last chapter of Happily Wealthy Family, I shared many of the negative beliefs we often have about money. By identifying these beliefs, you can do your best to replace them with positive beliefs about money.
Most people that are wealthy today did not began in that way, they were poor or at best they were middle class, all of those people improved their economic status, by working harder and smarter and even more importantly by administering the resources in a very efficient way, this is why many people despite the fact that they earn good money they never become wealthy because they throw their money away in useless stuff. |
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Well you know it's super funny about how people are sharing their stories about being Satoshi nakamato and how they were hiding underneath and how they are ready to get the limelight. https://www.google.co.in/amp/s/www.cnbc.com/amp/2016/05/02/bitcoin-inventor-satoshi-nakamoto-finally-revealed.htmlNot just there there is also this one Indian claiming to be the founder And what's funnier is that there is this man that goes by the name of Satoshi nakamato and he denies that he is the creator of Bitcoins https://youtu.be/BoboO6QPGow What do you think will we be able to find the real Satoshi nakamato before we die ? 😂 Idk it's getting funnier and funnier. P.S. Some people claims that it's been invented by Artificial intelligence ... Good bye world ! 😂😂😂 Let them have their 15 minutes of fame, if satoshi wanted to come out he will have done so already, but he has no need to do it and even if he did nothing will change, bitcoin will be still as strong as it is, I also think that he withdraw from bitcoin so we did not relied on a benevolent benefactor to solve all our problems, this is why he left and let the future of bitcoin up to us. |
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Don't hold your breath while waiting for the bears to finish their job. We're not in the clear yet. Further decline to 6k is a realistic possibility in my opinion. I hope I am wrong though.
I think that right now we are in a point in the market in which almost anything can happen and that is what is making a lot of people very nervous, the price of bitcoin could easily go in any direction, it could go up but it could go down as well, however I really do not think that we could reach 6000 once again I think that at worst we could reach 7000. |
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The trading market volume contributes to some level, beyond which one can make use of it and can turn to be rich studying the market. The majority of the market moves were completely upon the demand to the decreased supply which is based on the limitations it has got in terms of mining.
It is a matter of having money and the need for money. If someone has savings he can buy bitcoin and those who have bitcoin in their wallets and need money for their daily expenses or to overcome their financial problems they will sell their bitcoin. Investment purpose in bitcoin is for earning more and more money, but it is not actual purpose. Just because somebody has savings doesn't mean he will or should invest in Bitcoin. Investing in Bitcoin is a decision which is to be taken by people after considering their risk appetite. There could be certain people who are driven by greed, but that isn't what most rational people would do. Similarly, people could sell bitcoins to take profits or avoid losses, not just because they have financial problems. Correct, having money is simply not enough in order to become a bitcoin investor, this has been proven time and time again and we got a demonstration just a few months ago when many people began investing in bitcoin because they thought that the price was going to skyrocket not realizing that the price had already skyrocketed and as soon as the price went down they sold their holdings. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
I just have a question, why do you want banks to offer that service? Why are you unable to store your own coins? Such a business could without a doubt be very profitable for banks and if enough people did that they could do the same that they did to gold, they will begin to print imaginary bitcoin and create fractional reserve banking, so I really hope that never happens. |
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Steady growth i think is better because it may attract more investors because they believe that they gain more with this no worry of falling down the price again so its pretty sure that even though it is slowly going up but with the confidence that its price will go high but slowly.
I also think that a more steady growth will attract more investors, right now the people that are investing in cryptocurrencies are not really long term investors, the type of investor that is putting his money in cryptocurrencies is the one that was take huge risks and that is not afraid of the huge volatility in the market, and while that kind of investors can bring a lot of money to the market, the ones that have the most money are the ones that invest in financial products that gives small but very steady returns. |
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When I was a newbie in trading, I always just go with the flow of pumpers and dumpers and because of that the coins that i bought crashed, I suffered more lost than profits. What I learned from it is that I should never ever listen to a lot of fudders again, i should learn that from now on I need to research first on the coin or token that I am going to buy if it has a potential to gain high value in the future so I will not suffer on big lost or hard crash again.
This is one of the most important lessons that a trader needs to learn, at some point you need to rely in yourself, you cannot listen to the opinions of every single person, at some point you need to watch the facts, analyze them and come to your own conclusions and if you are wrong then you're going to learn from your mistakes and eventually those kind of mistakes will become very rare and you'll be able to predict the market accurately. |
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How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
I am starting trade on cryptocurrency with only $100. After I understand about bitcoin and cryptocurrency market, i am adding more. But i think, not matter how much money we use, if we put our money on right coin, we can double our money more faster. While investing with whatever you can afford is the rule number one of trading at the same time if you do not invest an amount of money that is significant then your profits are going to be very low and it is not going to be worth the effort to trade for that long just obtain very small profits, so if you can, it will be better for you to use your time to learn more about trading and to get a bigger capital than to start to trade right now. |
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Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
I do not think studying the candle stick is a good way. I do not really understand the geometry, it does not measure the potential of an altcoin in the long run. It is theoretical and it can change from time to time. Instead of analyzing the chart, I think you should analyze the value of an altcoin. Will it grow in the future? Is the idea of trusting and investing long-term investors? Answer these questions and you will become a good trader. It depends, personally I have always thought that studying candlesticks is a waste of time some people swear that they work in that they have made great money with it but I have never find that to be useful, personally I prefer to watch the news and keep one eye on the development of the coins in which I'm interested in investing because that has an higher impact on the price. |
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I agree with that patience is really important when it comes in trading because without patience you will not get the profit what you want to, patience in crypto currency trading can help yourself to get you rich someday.
Yes,trading is need a patience because if without patience you have a chance to lose your money and you regret it.patience is the best way to success your life,like trading if you have a patience you have a big chance of your life to become rich because of trading and i heard many times traders is become rich because traders get a big profit. The guy that does not know this word - PATIENCE - will never become a good trader. He will lose the money invested int he coins when the market starts to fall (which happens sometimes, we all know about it). Being very patient when it comes to your trades is key in order to make profits, if you're not then you are going to sell too soon, this happened recently in the previous year were many people saw the price of bitcoin going up and they sold thinking that the price was going to go down and to their surprise the price did not went down and they lost all of those profits. |
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I'm so pissed that investors' mindset nowadays are much negative. They are like a fragile glass that they just heard a single FUD, they just break and collapse easily. They should have leaved earlier for good.
I do not think that the mentality is as negative as you point out, many of the people that were weak hands have already left the market, they already lost their money and they are probably trying to make other people to lose their money as well, the people that remain in the market are a lot stronger and are willing to take a lot more punishment and that is why the price is still holding out but the reason of why the price does not go up is because we need new investors. |
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If you mean physical cash then I haven't made any transactions but one of my friends from the same city where I live in bought Bitcoins through localbitcoin website. He told that process wasn't so smooth because of some trust issues.
That is always a problem with face to face trades, you do not know the person that you are meeting and unless the person you are exchanging your money is very trusted it will be very difficult to hand out your cash or your bitcoin, after all if you hand out your cash and the person is someone not to be trusted you are never going to see that cash again and the same is true for your bitcoin. |
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If you have bought into a decent project with active development just stop looking at the price for a few months. Most traders are idiots and panic sell at low prices while whales and smart traders accumulate cheap alts at the bottom. A loss is only temporary until you have made the trade.
Correct, there is no need to look at the price of the coin in which invested if you are completely sure that the coin is any good, even good coins have really bad times but if the developers are working hard eventually the coin is going to be recognized by the community and when that happens all your efforts will be rewarded immensely. |
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Seeing that we are under 9500 again make me not feeling good , we might still go for 11000 but probably that will delay for the end of this month or in June .
But also under 9500 can be just small retrace for loading up before shoot , But I doubt . Dam I just dream when we will see 15000+ again .
For few days the price is between $9k and $9.8k. you can say that in these the price is stable and there is no volatility. But is obvious that in the future the price will grow more because now the growth is normal and there is no big pump which ends in high dumping. It is good time for investment in bitcoin because of the increase in the price in the near future. The price is going down once again which prove to us that bitcoin is anything but stable, people need to learn that lesson bitcoin is not going to remain in a price for a lot of time that is why if you are a trader you need to be ready to close your position as soon as you see a very strong tendency for the price to go down, I know this means that you will need to watch the market almost all the time but that is the life of a trader. |
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I have some questions since I have not checked the thread in some time.
When it is the start of the week and when it ends? This was never completely explained.
And also I would like to know why I only have 5 stakes when I have been part of the campaign from the start? According to the op I should get about 3 stakes per week If I complete the requirements.
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i have one word answer. its " BOOM". next few months will be best ever month for crypto as you will not see this cheap prices again.so lbuy while you can . im expecting another 3X increase in total marketcap within next 6 months. so best idea is holding your alts and buy the dips. it will make you the fortune of your life. lot of events about blockchain tech is coming up. get ready to invest there and earn huge money
I agree that the current prices that we are seeing are not going to be with us for a lot of time and it is probably the last time we see bitcoin and cryptocurrencies to be this cheap, but I really do not know if we are going to see a price increase of three times in the next six months, that seems a big increase in the price in a very short timeframe, it is possible but I will not count on that. |
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There are many stories and stories about the success of a person because of the bitcoin business, and as an example is the number of new millionaires from bitcoin that are widely preached by various media, we can follow their success with mining, trading, and so on.
There are many people that have reach a huge success thanks to bitcoin but most of them have adopted bitcoin at an earlier time, if you want to become successful right now in bitcoin probably your best option is to become a trader, unfortunately becoming a trader is not easy you need to have a lot of knowledge and a very keen eye to determine how the market is going to move next. |
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