According to some, some possible reasons behind the present bitcoin dump are: The korea exchange upbit fud; CME gap of 8550; whales accumulations closer to Concensus investors explosion and another Mt. Gox news on transfer of 8200 to another wallet. Whatever the reasons, bitcoin can always go back to higher price in the coming days.

Etherium will resume its uptrend once bitcoin price start to go up again. I had investment in bitcoin and ethereum and I believe that they both profitable in long term. As of now, the two coins are in downtrend due to negative factors affecting the bitcoin. But this dip is only temporary and it is normal, the two will recover soon.

Many people will not be to able understand bitcoin if their minds are already closed to any kinds of mdern technology like digital currencies and online transactions and the others are too lazy to learn. Only those who are genuinely interested in learning new things like cryptocurrencies will understand it later. Learning what is cryptocurrency is not really easy for the beginners and they must be persistence in learning until they completely understand it. The use of bitcoin by some scammers will make it more complicated for the learners and someone should be able to explain to them clearly.

If you are going all in for a coin then be sure that you prepared an effective trading strategy. All in is very risky and you might loss your entire investment in in a single trade but the more risks, the higher the gains. You need to be skilled in fundamental and technical analysis to be to win an all in trade.

I think ethereum can reach $1500 to $2000 before the year end and it is more realistic than the forecasted price earlier which later corrected. As of now, ethereum is slowly inching up to higher price level but some price corrections are still expected to hamper its growth. Positive development on ethereum will help boost its price in coming days ahead.

Reaching beyond $20k is still possible even there are many challenges that lies ahead. Bitcoin still enjoy large following than any other cryptocurrencies and more investors from different countries are still coming for the number one virtual currency.

Majority of the people still prefer cash than the virtual currency and it will take time before they turn their interest into cryptocurrencies. A lot of people need to be educated first not only using virtual currency but on how they can maximize their internet usage. If every countries has a high internet literacy, they will be able to learn many aspects of cryptocurrency before investing on it.

The governments might not agree on a single currency if it is decentralized one because they effectjvely control it and it may harm them financially and economically because of its uncontrollable volatility. These governments might instead create a unified world currency that can be adopted by all parties and this one might be centralized like ripple.

If the coin you bought has the potential for future growth then hold it and wait for its price to bounce back. Falling prices is a part of every cryptocurrency and this will followed by price uptrend later. According to some report, storm has the potential for profitable long term earningso don't lose hope if its price goes down because it is only temporary.

Trading gives you quick profit but it is more risky than holding a coin. You need effective strategies to lessen your possible losses in your future trades. Learning those trading strategies will take time so it better to try long term investment. One of the most effective strategy, holding your coins will also reduce the risk of losing your investment in some unexpected price crashes.

This is still part of the market's up and cycle and nothing new. This market downtrend might be prolonged due to some negative factors that continues to affect the prices but this will be temporary. Presently, bitcoin price has briefly reached the $10k before it fell down to $9700 and this prove can go up anytime. If there are no negative factors in the days ahead, bitcoin will continue its uptrend.

Advanced countries might try to go cashless but it will take more years before they can fully implement it. There must be a hundred percent availability for the technology that will be use for implementing cashless transaction in the whole country to make it succeed. But cash might still be existing in the majority part of the world because people will not easily accept this kind of cashless transaction.

Banks are use only for saving purposes and your money is destined to be keep there forever unless you put it in some investments. Time deposits and other investment funds can make your money grow but it will take time but the risk is lesser than investing in cryptocurrencies. If you have the skills in risk management, you can earn a lot of money in the high-risk cryptocurrency trading because the highef the risk, the higher the rewards.

This vital role will only realized if a government legalizes bitcoin and allow it to be one of their legal tenders. The mass adoption of bitcoin into mainstreams will also help improve the economy of a country. Japan for example allowed bitcoin to be used to lurchase any kind of goods whether it online or offline. Taxes from bitcoin and other cryptocurrencies are becoming one of the main contributors to the government coffers.

Many countries have been looking for some effective ways to monitor individual or group that uses bitcoin and other cryptocurrencies in their trades. Monitoring the transfer or transaction of bitcoin is quite hard to do because of lack of advance technology to for bitcoin surveilance. Some governments have already resulted to imposing some strict regulations to prevent bitcoin and other cryptos from falling into the hands of illegal traders.

Despite some issues, ethereum will continue to be one of the most promising coins in the future. Presently, ethereum continues to go up because of higher market demands which is projected to grow in the days ahead. More ethereum-based projects will also created even some of its competitors are gaining foothold in the markets.

Red is when it is time to buy the dip in anticipation of the rise. It provide an opportunity for the cryptocurrency investors or buyers to purchase coins at a lower price. Those who have already holding coins can still gains profits by waiting for their price to go up again instead of selling them while the entire market is in red.

Some countries have already issued their own cryptocurrency like Venezuela and the others are also preparing to launch their virtual coins soon. Venezuela is trying to find a viable solution to their economic woes so they crafted their own government-issued cryptocurrency to help their economy. In the future, cryptocurrencies may become a major source of funds to some governments that has no enough funds to use.

Try to find out first if you are really want to become a trader seriously and if you are determined to join the trading then be ready. Trading is always risky and there is a possiblity of losing your money so you must use only the amount you are ready to lose. To minimize your future losses, educate yourself first with adequate knowledge on trading and risk management.

I've been a part time trader and at the same time a long term hodler. I trade when I am not busy with my work but I also have plans to become full time trader in the future. Being a full time traderm it need a lot of preparation because it is one of the most riskiest business. I also hold some selected coins for long term because it need only minimal attention than full time trading.