We know that bitcoin has a strong tendency to end the year by going up in value, it is something that many people are already waiting for because they want the price to recover, but that is not enough of a reason to think that we are seeing any kind of hype, at best I think this year could end with the price of bitcoin reaching 10000 or something similar like that.
There might be no hype for bitcoin right now but in other coins like XRP, its possible. Hopefully, whales are tired now to dump the market so in order for them to take profit they need to hype the market again. I also believe bitcoin will end this year at higher price compare the price today. It is interesting that you say this because I think the opposite is actually happening, the whales are not dumping their coins, they are buying as many coins as possible so it is in their best interest to not let investors get hyped up about the market, they want the market to be as cheap as possible so they can get a lot of coins for a very low price and then when they are satisfied with the amount of coins they have they will begin to hype the market. |
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There has been a lot of speculation about that during the last weeks, and while Ripple has surpassed the market cap of ethereum a few times since I watch the markets that has not lasted very long and I really do not expect this is going to change, to me it is very clear that despite its flaws ethereum is a better coin than Ripple and deserves its spot as the second coin after bitcoin.
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Vice versa, in my opinion it is easier to trade in such bear market. Am I wrong? How you gonna trade in a bull market? In a bull market you need to hold. But in general, if you do not know how to trade better don't do it. It's very risky.
If you are a day trader whether we are in a bear market or a bull market is completely irrelevant, you are going to make money because in the shortest time frames there is not much of a difference between the markets, that is why skilled traders can make money in any market conditions as long as they have a trading strategy that works over the long term. |
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I have no reason to lose faith in the crypto currency. It seems to me that this industry is as profitable as before. But now we must make maximum efforts to make a profit.
There are still a lot profits to be made in the market of cryptocurrencies, but we must recognize that is a lot more difficult to make money in a bear market than it is to make money in a bull market, this is why many people are losing hope because they're finding that making profits is incredibly hard right now and to all of those people I will say that they need to not lose hope, they just need to wait for the recovery to begin. |
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This is actually true that most people are using Bitcoin to make profit by trading rather than using it as a currency
Well, that is one of the uses of a currency, did you forgot that the Forex market exists? It is as if people forget that currencies are also traded among each other and that many people around the world are not using their money to buy stuff or to produce new businesses, they have invested their money in currencies just to speculate with them and the same is happening with cryptocurrencies. |
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i hope bull run is coming, i have prepared buy cheap coin like pundi x, storiqa, doge. when bullrun coming i think those coin have potentially grow more than 3 x
You are doing the wrong moves, there is nothing wrong with trying to take a position early in the market and to try to earn profits that way, in fact that is the way most investors earn a lot of money, the problem with your strategy is that you are hoping that the bull run is going to happen soon and no one controls when the bull run is going to come so it's likely that you are going to lose your money. Yeah we don't know when a bull run will happen, but does the problem expect bull run to occur in the near future? I think hope is good so you have a positive mind. but of course use strategies and plans don't focus too much on when the bull run will happen, when the price goes up use it well mate! The problem that I see with the people that think that a bull market is going to happen soon is that when that doesn't happen they are going to be disappointed and when that happens people are more vulnerable and it's likely that you will sell your coins out of fear that the market goes down once again, so if you are going to take a position so early in a coin you need to be prepared to hold that coin for years. |
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This since few months the crypto currency market has been experiencing major outbreak. And starting the downfall of btc and expected the alts coins too. As a trader i feel tension and afraid when the market is slowly going down because of the rubbish market… How about you guys did you feel afraid when the market is going down?
You should only be afraid if you are an investor, but in your post you claim to be a trader and a trader does not have any reason to be afraid of the market going down, you have no intention to keep your coins for long so you can sell for fiat as soon as you think the market is going to crash, however as a trader you must understand that there is also a lot of money to be made when the market goes down so if you are any good you can stay in the market and make money shorting cryptocurrencies. |
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In my very own experienced there is no good outcome when you HODL too much.
First of all do you know what HODL means?
HODL is used when referring to hold the cryptocurrency rather than selling it.
Holding cryptocurrency is no good because it means you don’t have a knowledge about trading, for me, you can do scalping trading and increase your holding by it and gain profit.
I suggest that all in the Crypto community must learn the basic trading fundamentals. There are free tutorials anywhere. Don’t be lazy, think big.
Say that to early adopters! Say that to the ones who bought bitcoin for couple cents and hodl them trough very rough times, say that to them if you can come close to them now. Trading isn`t for everyone, even thou people think it is, that`s why most people lose money and coins in trading. Look at that in a simple way, if you trade you risk to lose a lot, if you hodl you are investor that have time for waiting, there are risks, but if you have main coins risk is lowered. And if anyone think that traders do trade with all of their coins you are very wrong, experienced traders have something on a side for hodling, and they have amount for trading! It has been known for a very long time that holding your investments works very well when the market is going up, there have been many studies about the subject and those that held their investments for longs period of time benefited a lot more than those that traded their portfolios, it is true that in theory trading can produce better results but almost no one can get the results needed to be more profitable than the strategy of holding your coins. |
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You really not need to worry. One thing I'll like you to understand is that no matter how much you get worried now, your worry would really not change the state of things right now. I would advise you to really calm down, remove your mind from whatever challenge that is faced with crypto trading, remove your mind from the drop in value of your coin in your wallet while you HODL for a long time and I can assure you that you would be fine in the future as things would get better with time.
This is something that I agree with, people worry too much in this market, and while it is natural to worry if you are losing money at some point you need to let it go, if the market is going down just accept that it's going down and instead of worrying about it try to find solutions about this, and if there is no solution for the problem then stop worrying after all it is not like the market is going to stay like this forever. you sound really optimistoc and i hope that ypu re right as ethereum is so great and i do not want it to die so younga It is not that I try to be optimistic, I just do not like to worry about things that I do not control, there are people that worry about everything and if you stop to think about it, it doesn't really make sense, they worry about things that are completely outside of their control, so there is not a reason for me to worry about the price of bitcoin because being worried is not going to improve the price, so why bother? |
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Can I crypto company be successful with a min budget during the ICO? For example, can a startup not have funding and successful launch an ICO to include whitepaper, landing page, smart contract if they are knowledgeable? Or is a lot of $$$$$$$ required for everything. I for one thing that the idea and vision is what sells. Especially if the person is transaparent and people buy in the vision. I think word of mouth will travel and people will buy in.
The need for money is exaggerated in this market, just look at the most successful coin that we have which is bitcoin, how much money did satoshi asked from the community to create bitcoin? He did not ask for any kind of money and yet he created the best coin that we have, so a truly dedicated developer could create a coin with no money if he wanted, but if he wanted to accelerate the process a few million dollars could be enough. |
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The more your knowledge of crypto-currencies becomes, the less you will panic and fear, so always engage in training.
This is a very important point people panic because they do not understand the nature of cryptocurrencies, they do not understand that bitcoin is probably never going to disappear and that it is always going to go up in value as long as the demand goes up, something that is almost guaranteed, and once you understand that you have no problems to keep holding your coins no matter what. |
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I would say no.
If you can't even determine if you should start or not, how on earth are you ever going to turn this into a good professoin?
It seems you don't even understand the basics to get you started.
Also, ask yourself this: How many people do you actually know personally who trade crypto professionally and make a good living?
I'm not talking about random posts where people say they are making money, but how many do you actually know?
I would say probably zero.
It says a lot if it is difficult to find even one person who does crypto full time and profits well.
And if you do find one, will you collaborate with that person professionally so you can benefit from each other's knowledge?
As you can see, there is a lot that goes in choosing investing as a profession and I am just talking general starting things.
If you don't know what you are doing, you will literally ruin yourself financially.
Many do not care about the profession, the only thing that they care is about the profits since they see all the money that they could make and they think about what they could do with the money, not understanding as you say that is very difficult to become a successful investor or trader in this market and that is not something that you can learn in a day or two. |
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Sure. There is a strong relationship between them. You can take easy decision if you see this coin relationship. ALT and BTC ratio decrease if ALT coin value drops and if BTC coin value goes up. Same things just opposite ALT and BTC ratio increase if ALT coins value increase and BTC coins value decreases. If you watch market daily or read the history for all coins than it will be so clear to understand.
I believe that altcoin price is always depending on th ebitcoin price. And we can all see it from the past few years. Bitcoin is really amazing it is the most popular and profitable coin and I believe that it is the center of the crypto market. So if bitcoin is falling the effect of it in altcoin and some other crypto coin is also a huge dip. I don’t understand why these two coins (BTC % ALT) depend on each other? It should be different from each other because I think it should depend on the investment cap. If people put their money in bitcoin the price of only bitcoin should increase and if the investment cap of Altcoin increases only the price of Altcoin should increase. Altcoins depend very heavily on bitcoin for several reasons, to begin with if you want to buy an altcoin most the time you need to buy bitcoin first, so that is one reason why the price of bitcoin and altcoins are related, and even more importantly most altcoins are nothing but copies of bitcoin with a few changes which means that they are basically bitcoin except that they are a cheap copy of it which means that their price moves together with the price of bitcoin because the coins are too similar. |
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This few month , crypto market is unstable. going up and coming down.. so what is your move right now ? - keep it and trade or - buy while is cheap or - sell it ?  I intend to buy it but scared will drop again. confuse I do not see anything wrong with a way the market of cryptocurrencies is moving, to me everything looks very normal if you're scared of the movements that we are currently seeing I will urge you to reconsider your decision to invest or to trade in this market because it is obvious to me that you are not ready and that you are only going to lose your money. |
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We may consider bitcoin to be one of the largest property balls in the world, with the market surging and suddenly changing. Bitcoin - the greatest bubble in history - is about to explode.
The bubble burst a long time ago, the price that we are seeing of bitcoin is very low, we are seeing the opposite of a bubble, we are seeing that the price of bitcoin should be way higher but people are very afraid because they are thinking that another crash is coming not realizing that this is the perfect opportunity to buy bitcoin for a cheap price and it's not going to last for long. |
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Not everyone losses money when the market is down.Those who are invest their money for short time or they much needed money may be they looser.But on the other hand whose who hold their bitcoin for next time when price will be high they will be gainer.
You can always short the market, that way you will earn a lot of money when the market is going down, but as you may guess doing something as that is very dangerous especially in a market like bitcoin where the price has a tendency to skyrocket, there have been cases of people that lost everything because they were shorting bitcoin at the wrong time. |
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Every day I see more and more people starting to feel hopeless with the current market situation because of uncertainty when prices will recover and end this fall. Even more and more traders are deciding to resign from trading and sell all of their assets but that makes the price even more falling.
Anyone that has been in the market for long enough gets to understand that if you give up then you will never recover your money, the ones that eventually become great traders are not those that at the first signs of difficulties give up, the ones that become great traders keep refining their systems until they find a way to predict the market and make profits with their trades. |
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I think from now I will never break. I was holding from November 2017 and during this year I never sold anything. And now I am not scared, cause I don't have anything to lose
Congratulations, I have been holding my coins for longer but I had not suffered a crash like the one we saw at the end of the year, if you were able to survive that crash without selling your coins and without even thinking about selling them then there is not going to be any movement in the market that is going to make you sell your coins, you are on the right path, keep it up and you can make a lot of money in the future. |
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Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
If you're not getting profits, then stop. I'm pretty sure most people are at a loss if they bought when Bitcoin was over $6900+ last year. However, I'm trading alt coins as well as doing exchange arbitrage and racking in profits in terms of BTC and ETH, rather than USD. As long as I'm increasing my BTC holdings, I don't consider it a loss because I believe in blockchain technology and cryptocurrencies in the long term. You can always average buy your way in as well. That way you don't lose as much when there's a dip in the market. No I think you should keep continue because nobody can predict the next moment. It is possible that the price jump like the previous one and those traders who are in front of their computers will make huge profit to buy more for low price and sell for higher price. It is good but the main thing is experience and skills about good and in time trading. What you are saying goes against many manuals of trading, many people know about setting a stop loss in case the market goes against your prediction, but what many people do not know is that you also need to have a stop loss for a particular week or month, that way if you lose too much money in that week or month then you need to stop trading. |
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We know that bitcoin has a strong tendency to end the year by going up in value, it is something that many people are already waiting for because they want the price to recover, but that is not enough of a reason to think that we are seeing any kind of hype, at best I think this year could end with the price of bitcoin reaching 10000 or something similar like that.
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