I think backup is the keys if you actually want to secure your cryptocurrencies holding. I have decided to write my private keys down on the paper wallets. And not to used centralized exchanges except in for exchange purpose. Having another phone is also very important as I also thought of this before and you are bringing up.
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I don't think that is going to be possible inview of what has been happening. Alot of bad news has been happening this day and hackers has been attacking cryptocurrencies market and that has been affecting price. $15,000 will be a long jump and we actually needs this for those that buy bitcoin to high to be able to get profits from they investments.
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This is highly appreciated as many holders refused to sell after hearing this news. I think we should be happy that maturity has started to come into cryptocurrencies market. On like before when hacking news do bring the market down to unbearable price. However Alot still need to be done for cryptocurrencies market to fully developed.
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I read about this hack news yesterday and I was worried and expecting another dump again but thank God this do not happen. I believe bitcoin has started building strong muscles to resist negative news and bad events. I think we should be happy that this hacked do not have effect on price.
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All this rules must be obey if you want to actually makes some money from your investments in cryptocurrencies. Many people buy into bitcoin and altcoins when there are at a very high intensive level of buying and when the big players began to dump it on them then it becomes very clear to them that they have bought at the wrong time.
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The whales has been existing in every form of business and manipulations is the tool that they used in making Alot of money from the market. Pumping and dumping is a cycle that repeated itself in cryptocurrencies market and if you are wise investors even without much knowledge on how things work you can actually makes money from this activity.
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I find out something about my friend who happens to be a big time investors. He hardly analyze the market but his make big from cryptocurrencies market. This guy is a risk taker and he always said that he doesn't afraid of taking risks. I have good knowledge about trading both technical and fundamentals understand of the cryptocurrencies market but my friend makes money more than me. Were I am afraid he has already put money.
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Trading is a highly risky venture and you should not go into it without adequate knowledge on how to buy or sell coins at the right time and price. Technical analysis is good but you can't succeed in trade with technical analysis alone! You must be sensitive to fundamentals issues that are coming into the market for to make a trading decision.
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As far as this is a nagetive news it will definitely going to affect the price of bitcoin and cryptocurrencies. USD proving of the manipulations of bitcoin price is still another plan to bring bitcoin price down. However I know bitcoin is very strong and it can face a lot of opposition and it has fight a lot of fights and still remains strong.
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This is nice and good information. At list you have made well informed post here and I just get some information from this post. Those futuristic historical milestones are what is going to push bitcoin above board and some of us are going to be happy following events.
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I think we can actually get to used bitcoin in future if governments can tax it. Bitcoin is one of the most finest and secure financial system but if it cannot be tax governments will never want to used it. The fluctuations in bitcoin pricing is also not helping matter because small business cannot used it.
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I really appreciate this man because majority of his colleagues are enemies of bitcoin and cryptocurrencies market. I think we can get to that if the current bearish market is over. I have hope on this market and I think now still remains the best time to get in into bitcoin.
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This is not the first time that this has happened and bitcoin has fall below $7,000 like two times in this year alone. I think we should see this as a normal occurrence in cryptocurrencies trading and bitcoin price movement as bitcoin cannot continuously going up or down. Ending of Last year we enjoyed pumping of bitcoin price and early this year we are having a very big corrections.
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So BTC and most alts are down 10-25% pretty much across the board from 6:30 est. this morning.
So what do you think guys, buy this dip or wait for more blood?
If you are a long-term investor I think now should be the right time for you to invest and make good money in December this year or early next year. For the short time investors and the panic traders I think they should still hold as they is a probability that bitcoin might fall further by the weekend.
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Is it safe to trade on bitmex? 1) I have experienced most of the times that the liquidation occurs very often and this rises a question if bitmex is real or fake.The second reason is whenever the market is down or hitting low prices the drop in bitmex is very huge compared to other exchange.This points really rises a doubt in my mind regarding the reliability on bitmex. 2) I am not sure if trading bots on bitmex are real or not. It is very safe to trade on bitmex and I have never had any fraudulent activity about them. I don't used bots to trade because I highly regard my own analysis and knowledge about trading. However we should all know that if you are dealing with the third party there is always little risk involved and you should risk your daily living money.
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I think bitcoin has hold that level and I think it is now at the recovery face. If all things been equal we should expect another little upwards movement towards $7,000 and $7500. I believe that we are at the time when it is hard to invest in cryptocurrencies but those that are able to invest now are going to get big profits in future.
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now a lot of new coins that appear, the price of its kind, there are cheap, and there are expensive, my question, whether this new coin will last long?
Some of this new coins are not going to last for long and we should expect the own with impactfull technology to remain as far this market is concerned. However I pray that all of them remains strong as everything seems to be falling at the moment and investors are loosing confidence on cryptocurrencies!
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It looks like bitcoin will have a very strong dip and be back under 1k. My prediction is telling me it will fall to around the 500 dollar range within a month.
This is an unbelievable predictions and if bitcoin get back to $1,000 or $500 we are going to seriously loose a fortune. I think we should have noticed this deep early and buy when the price touch the last bottom but you or we cannot accurately predicts this market and I did not expect bitcoin to go this current low.
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I think this predictions has play out to some extent and I have tried to remain positive about the upwards movement of price of bitcoin but I think the reality is quite different. The bearish market and conditions has dominated the market since the beginning of the year and I think bitcoin may fall from were it started from in July last year.
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I think bitcoin and altcoins has a great future and you can have this confidence by investing in them now. Bitcoin has been doing very well from beginning and only the panic sellers has been the one loosing money all this while. I think you should also invest in some good altcoins now as this will help us make some profits in future.
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