I don't have much of bitcoin to sell it below $100,000 - and will probably do this one year after.
Still have some doubts.. Maybe $200,000 will be a better point?
Please give an advice, your opinion is important!!
PS. It's not a joke. Please be realistic while estimating..
Gonna bring up this topic close to X-Mas 2018.
Well, it seems you failed at your prediction bitcoin never reached 100000, however that does not mean that is not going to reach it in the future personally my price is 50000 when bitcoin reaches that price I'm going to sell, however it will also depend on when that happens if that happens in this year or in the next year then it is possible that I decide to hold a little bit longer and see if I can get a better price but if that takes 5 or 10 years then I'll sell immediately. |
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We have not got a surprise in this year, in fact we are getting a big test because the price drop and make many users panic, this is what makes us have to be patient to wait so we must hold to get big surprise at the end of the year.
In fact the biggest surprise that we got in this year is the huge decrease in the price, to me it was not a surprise that the price went down but it was a surprise the price went down so much, it seems that a lot of people that invested when the previous year was ending were not professional investors and instead were new people with the fear of missing out. |
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Hello guys!
I wanna hear your opinions about that.
Where do you keep your private keys? In a safe? In your pocket? In your mind??
My private keys are just in the drawer as if they were worth nothing lol
I was thinking about buying a safe, but I think that big, so hard to hide, and just to store one piece of paper?
Give me ideas please =D
How to store your private keys depends on several factors, the most important is how much money do you have there? Since you state that you have nothing then do not worry too much, but once you begin to accumulate bitcoin and other cryptocurrencies it is a good idea to buy a hardware wallet and if you cannot afford one then create a paper wallet. |
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But I think the is only going to prevent the adoption of bitcoin as a currency, but it's not going to stop the adoption of bitcoin itself, after all there will be many traders that will like to invest in bitcoin so they can benefit from the big movements in the market, so I expect that the volatility will change, sometimes it will be high, sometimes will be lower but at some point after enough money has been invested in bitcoin the volatility is going to subside a little bit and it will allow to us to use it as a currency again.
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I saw many people are struggle with money management in crisis time and loose their attentions. as result many people get frustrated. they will try to get out from this situation very badly ..what do you think how you can manage your money in this situation or what would be your step?
Money management skills are one of the first things that you are going to learn if you study trading seriously, one basic rule is to never invest all your capital in a single trade, you should invest only a small portion of your capital in each trade that way if a trade goes badly you do not lose all your money, if you find yourself in that position then it is already too late cut your losses and learn more about trading. |
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Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.
Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.
A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.
This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.
Being patient is a virtue not only in cryptocurrencies but in almost any activity that you could possibly imagine someone that is patient is probably going to obtain better results in everything he does, but being patient really shines when it comes to investments those that are unable to wait for a long amount of time are surely to become investors that lose money while those that can wait will most likely become successful investors. |
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Bitcoin price will never stabilize as bitcoin has never had a specific price placed on it when it was created so the price will always be fluctuating and never stay in a single position. But it also turns out that bitcoin's instability is the biggest problem of bitcoin which is what keeps it from being accepted as a legal currency but without the price instability, investors would never make money from it.
I agree the price of bitcoin will never be stable it will always move, after all the supply of bitcoin is increasing every day because the miners are getting bitcoin for each block that they mine and also the demand changes very wildly sometimes there is a low demand and sometimes there is a demand so big that it makes the price skyrocket. |
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Now I feel worried about the future of bitcoin and crypto in general because every time there was a price correction I saw most people are not worried about the price and they all had the same opinion about it, they all said to wait and hold your coins or buy new more, but now I see that there are different opinions about it, that makes me really afraid of what happens now.
is it serious guys that it is over or what?
Those who are still calm and not bothered by the price is the one who believe in bitcoin and experienced and know that even bitcoin undergo correction or battling with fuds, in time it will increase in a price that's meant for it. Seeing how you respond on this I guess you're a fresher here and don't know exactly what's going on. Hope you pick up yourself before it gets too late. Those that are calm and are not panicking because of why it's happening are for the most part people that have been holding for longer than a few months people that despite the crash still have profits or at least are very close to have profits, and all of those are there panicking are new investors that did not knew what they were getting into when they invested in bitcoin. |
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Read all the news about cryprtocurrency and this thing can help you decide. But always make your own study about the coin, know how to read the charts and always trade with your strategy don't just depend on any hype.
Reading the news about cryptocurrencies and then using that to trade can be a good method to trade the only problem with that method is that you need to get the news as fast as you can and you need to take decisions very quickly because if you don't then you're going to miss the small drop or the small rise in the market caused by those news. |
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I;m interested, since bitcoin isn't that much widespread yet, how are businesses (that are directed towards bitcoin only) doing? Is it paying off or is there some serious profit involved?
I suppose it depends heavily on the type of business, if we are talking about a business that is directly related to bitcoin like gambling or exchanges then it is very obvious that they are doing very well, if it is a business that is selling bitcoin related stuff like shirts then I think they are still doing very well, but if you have a business that is completely unrelated to bitcoin then I cannot see it getting a lot of bitcoin. |
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I really think that project has a lot of potential but at the same time I really think that is very overvalued so I really do not have any plans to invest in it right now because I do not think that I can get enough profits to justify such a big investment in that coin, there are coins that are not as good and are not as popular but you can obtain better profits out of those projects. |
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Buying and holding is not the only way to get profit from cryptocurrencies. There are many and many of them. ICOs, Investments, Mining, Gambling, Trading, Bounties etc.
While buying and holding is not the only way to get profits it is simply one of the best and one of the easiest because investing in icos is very difficult especially when so many icos do not give to you the profits that you are expecting from them, mining is very costly and gambling is not really a way to make money not only in cryptocurrencies but with any other currency. |
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I just accept that it was my mistake. I try to learn from it and move on, and next time I would compensate that loss.
Learning from your mistakes and moving on is a good thing, however to try to compensate for your losses it is not, you must treat each trade as an individual thing if you lose a trade you cannot try to make up with the next trade because if you do that you could try to enter in the market at the wrong time or you may try to hold for too long instead of concentrating on making the best trade possible. |
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Day trading is fun but not every time because when the market is in bad position day trading can give a huge loss to the person who has no awareness how the market moves in a bad situation.
This is a bad situation as an example, it is not good to do daytrade on those conditions when everything is going up. What if you sell a coin, and at the next day, it made a 10%? I prefer to trade on bear markets. I do not have any kind of problem with buying coins in a bear market especially like the one we are currently in because I know that the prices will recover eventually but trading in a bear market is very dangerous, the possibilities of earning money are very low and the chances of losing it are very high, but if you are able to obtain profits in those difficult market conditions then by all means keep doing it. |
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Not yet, bitcoin will not die this year. Stop making a statement like that you are just helping those people to bring bitcoin down. If you really believe on this thing you will say positive things about it.
One day I will be back on this thread and tell you that you are wrong, bitcoin will bounce back for sure, just wait for it.
Bitcoin will probably never die, even if a new coin came and was so revolutionary that everyone decided to adopt it and leave bitcoin behind, something very unlikely by the way, the truth is I will still keep my bitcoin and I'll probably still use it, at that point bitcoin will not be very valuable but I would use it as a reminder of what started this revolution. |
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I’ve been wanting and taking my time to enter the trade game. But before I do, just wanting to know the prod and cons of having a lot of new traders coming in.
Trading is much more safer and easy to learn. I’ve been preparing myself for months now and wanted to start my journey here in bitcointalk. But like me? New Traders are comming in fast. Will it be a good sign to our world of crypocurrency? Or will it affect the competition inside?
The number of traders is mostly irrelevant, if you are a really good trader then this means that all of those new traders are not competition for you and you will get their money and that is a good thing for you, if you're a terrible trader then it doesn't matter how many more traders enter the market you're still going to lose your money, so when you look at this from the point of view of your own results the number of traders is irrelevant. |
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It's a good news for us to read on this forum, at least, giving some FUD spreaders a taste of their own medicine. Clearly, the market is starting to grow today as we can see numbers in green color.
The market is growing slightly and while we will prefer that it could go up faster than it is doing the right now but it is way better to get some growth than to get a decrease in the price of bitcoin, so I agree that this is good news but at the same time we cannot get overconfident, we need to keep our eyes in the market just in case this tendency changes in the short term. |
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Both of them are good choices. Bitcoin is more stable than altcoins. But I more prefer altcoin because there are some good altcoins that has a big potential in the future.
It is up to you which one do you want to choose, there are many profits to be made with both bitcoin and altcoins, personally I prefer to have most of my money in bitcoin, that is a way safer alternative than to invest most of your money in altcoins, but still some of my money was invested in some new coins and if I made the right choice my investment will grow many times over which is something that I'm looking for. |
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I think no one knows what will be the exact things to happen after 5 years of bitcoin in crypto world. Bitcoin sometimes like a magic in the sky. It crash for few days then after crash it will recover and back again. Sometimes it goes beyond from its price before it crash. So in my opinion it will raise even it will crash.
That's one thing that i'm also confident about and i'm wondering why a lot of people find it hard to see it. Even if the price plunges, you just have to look back to previous drops and that would give you confidence that btc will eventually recover The reason people do not see it is because they do not care about the past history of bitcoin, most people only care about the current price or how high the price was in the previous weeks or months at most, if you take the time to check what has happened in the past, the amount of huge crashes that bitcoin has go through and even more importantly that bitcoin has recovered after each and every single one of them, then you will believe that bitcoin will recover sooner or later. |
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Who owns the bitcoin after someone died? How to state this in the will? Please share your thoughts.
Someday bitcoins are lost forever and no one would able to access it, i think for sure is, if you have a bitcoin, you need to exchange it emidiatly to be sure, and your money is save it to a bank, then if you have an emergency you have a money saved. If you think your money is safe in the bank you may be in for a big surprise. Banks are insured only up to a certain amount against bankruptcy, which happens more often then you think, and are obliged to take your money and give it to the government, which also happens more often then you think. Much safer in your cryptographically protected digital wallet. Thanks for bringing this up, it's a very common belief that no matter how much money you have in a bank you'll always get it back since the governments back your funds, but what it is going to happen when the government is the one that is facing bankruptcy? They are not going to be able to protect your money especially when you need them the most, this has happened many times just in this decade and it will keep happening, this is why satoshi created bitcoin in the first place to help people to manage their own money and not depend on anyone else. |
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