Both coins have a great potential to go up significantly in the future. But I intend to choose ethereum if I decide to go all in because it is profitable for short and long term than trx. Ethereum's upgrade for this month and next year might help pump its price. Trx is still new coin in the market and it will take more time to become one of the most profitable coin.
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Real traders are made with their own determination and patience to master the trade and excel in their chosen field. Some people are inclined to trade but it doesn't mean they are born traders because there is no such thing that run in the genes of man. Experiences will always bethe great teacher in creating a real trader because it will you wiser.
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The Phillippines is catching up with the rest of crypto friendly nations with the launching of Union Bank's bitcoin atm. Banks have been considered anti cryptocurrency in the past but this local bank even lead the nation's first crypto atm. With this development, the adoption of bitcoin and other cryptocurrencies in the Philippines is boosted further and I hope this event will finally put the country in a crytocurrency map.
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Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?
The government can only legalize the cryptocurrency but will not support as a main currency of the country because it is decentralized and can't be control by anyone. The present currency that used by the government and its people is a national currency which is one of the important symbols of a nation. The government can also make its own cryptocurrency which is centralized or convert its national currency into virtual currency.
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The crypto market is not all decline this year and even bitcoin experienced some slight uptrend in the past days. Several well-known altcoins and tokens are also in uptrend and not affected by bitcoin's declines. I believe that the state of crypto market in this first quarter of the year is better than last year because it is more positive.
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now the market falls again, do we still have hope to be able to see bull run. no one knows when the market can recover. even with the many good news about the ethereum hardfork unable to make the market jump. so I thought bull run would only be a dream for all of us.
There is no assurance if a bullrun will happen this year but just keep your hope alive and don't easily discourage if the prices of the cryotocurrencies continues to fall because it is only temporary. Big price rally will take time to materialize and there must be a needed factors to make it happen again. The anticipated BAKKT launching and the bitcoin ETF approval may help push the price up but it may not result into another bullrun.
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The best time to buy tokens is during bear market where many of them are in low price. But buying tokens is not like picking apple, you should make your own research first and select the tokens that have quality and potential to grow in the future. Thousands of tokens are being sold in in the market and only few of them have potential to become profitable.
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It is hard to speculate onthe price of ethereum these days and even there is an upcoming hardfork this month, its price might only go up for short term. The real growth of ethereum might only happen its serenity update next year. But as long as its developers are still active, ethereum will remain to be one of the promising coins in the future.
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I observed that more countries are eager to welcome blockchain developments and some of them are planning to legalized bitcoin in the future. In Asia, even China, which is reportedly strict in permitting cryptocurrencies in their area have also to use blockchain for their startup companies. Blockchain technology had a promising future and and adopting it will benefit not only the government and business but also the ordinary people.
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Investing and trading in cryptocurrency is risky business and only the brave ones are seem to survive it. There are many stiff challenges in this field and this require courage and determination to be become successful. Many participants already gave up their fights but other refuse to throw their towels and keep on trading despite many setbacks.
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Low price will benefits those who want to start investing bitcoin because it is affordable to buy a whole bitcoin. Many would-be investors in cryptocurrency will grab this this kind of opportunity because the price of the bitcoin will not stay low. But there are also investors that bought bitcoin when its price is still high and been looking for another price rally to recoup their losses.
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One of the best place for crypto startups is Malta, an island country located in Southern Europe. It is the first nation to have a decentralized bank and stock exchange soon. There is already a regulatory framework that will make Malta as one of the bitcoin-friendly countries. In southeast asia, Singapore has also a high number of successful crypto startups because of its short distance to China and Japan. I hope that other countries in this diverse region will also catch up in blockchain technology soon.
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That is the work of the media and they often report bad news including those come froma polluted sources it will easily attract readers, in other words, bad news sell more than the good news. Many crypto related news are negative contents like FUDs and this kind of news are already paid by someone or a groupthat want to spread doubt on some coins. Better to examine the news that you are reading to find if the reports are true.
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Bitcoin is the same way the price of your mobile phone, a bag of any fruits, and just aboutevery thing else is determined. Supply abd demand has been the determining factor in setting the value of not only bitcoin but also to the other cryptocurrencies. Exchanges and the presence of many cryptocurrencies competing in the market can also affect the price of bitcoin.
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All kind of investments contains risks but cryptocurrency is one of the riskiest investment because of its high volatility. If you are hesitant to invest in your first attempt then you need to educate yourself first on the basics of cryptocurrency. If you are well-informed and you don't need to hesitate at all because you are sufficiently prepared to any kinds of risks.
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I see a very good increase in the last 2 weeks, but the slight increase was immediately ended by falling back. some say this is just a lure to attract buyers and then the market falls again.
What is your opinion?
There is always pump and dump in the market and the mostly victims of these are the small investors who are still learning how to make profit. There are also sudden increase in the price of bitcoin and some altcoin today and the sudden surge seems developed without a real catalyst, according to the report so expect some price dumps again in the next few days. However, you can still profit from this sudden price increases if you are a daytrader.
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I learned a lot of lessons when I'm still a beginner in crypto market but I managed to overcome some bad habits that may cause me to lose some funds in the future. Newbies are usually prone to panic when the coin they are holding is going down but I managed to avoid this by learning how to control emotions during price declines. Sufficient knowledge in cryptocurrencies and trading will prevent you from making further mistakes.
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If majority of the politicians and political parties uses virtual coins as one of the source for their campaign funds then there might be some effects or changes in the price of cryptocurrencies. But virtual currencies are not yet popular to the government and politicians as a political funds and they still prefers fiat because it is more convenient to use. The situation for cryptocurrency may possibly change if the people elect a crypto friendly leaders.
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The bear market may still linger but there are some surge of prices from different coins recently and this includebitcoin, litecoin and ethereum. These price surges, especially the price of bitcoin, is due to some positive news in the bitcoin market and the possible approval of bitcoin ETF. I believe that the crypto market this year is not all bearish and it is better than the market situation last year.
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If you are newbie, it is not unusual to experience some losses in trading because you are still learning the way to trade. I had my own share of losses during my early days of trading because of emotions and lack of strategies even though I already knew how to use technical analysis. Every trader need to be patience and stay focus in their trading even they are still learning.
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