I think crypto will boom again and again, of course not all the altcoins, but BTC and many others for sure.
I'm also expecting the centralised coins to go down and to see completely new guys on the top of coinmarketcap at some point.
Centralized coins definitely contradict with the basic or central idea of crypto currencies. Only those people who want little profit and do not long for financial freedom are the ones who would go for centralized coins. Majority is in the favor of decentralized and this is why bitcoin is on the top of list. I don’t find any reason right now for doubting boom in crypto market in 2020 as the market is surging even at the moment. |
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How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
You are right in that if bitcoin does not function well as a medium of exchange it is doomed to be a pure greater fool game, as gold and other things are now. but something can only be a medium of exchange if all parties making a transaction agree bitcoin has some value. since the value must be present first, i’d argue the value is primary. In my opinion Bitcoin can be, if not crippled by developers, the BEST medium of exchange ever created. i think that in itself can greatly magnify the size and resiliency of the user base and therefore the value of a bitcoin. making bitcoin the best medium of exchange it can be should be the top priority of the developers and we can say that while acknowledging that it's primary purpose is a store of value not backed by debt and bank bailouts. Let me just say this then, bitcoin is already being used as a medium of exchange by some smart companies. It is just a matter of time. Before bitcoin really goes mainstream. At moment, it is more important to save people from financial crisis so bitcoin is doing that. In order to use money, we first need to hold it and for that bitcoin is serving the purpose of an investment. Everything happens at its right time. Even those who are not using bitcoin have high hopes from this currency and the technology it uses. On daily basis there is news of multinational brands or companies using bitcoin for making payments or as means of investments which clearly depicts that bitcoin has acceptance by people. As you said, it is going to be used as both investment and mainstream mode of payments in the coming years. |
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These are companies that you can really see that they are matured, at least they have been able to use Blockchain technology to solve a solution to a particular challenge that they have without having to create a cryptocurrency, wherein companies like coke are really the ones that will have a very successful cryptocurrency if they consider one because they have product that is being used by many people worldwide.
The happy thing about coca cola acceptance of using Blockchain is that it will also help spread the news being a very popular company, and other companies will begin to work towards that too which this is how we will eventually have a Blockchain running companies, and could also lead to the awareness of bitcoin also as the crypto project out of blockchain.
We need more famous brands like coke to spread awareness regarding crypto currencies. The project teams of coins shall approach these brands to run their campaigns. This will make tremendous change in audience. Most of the people are ready to use blockchain technology and famous coins; they are just looking for green signals from people or companies who are already into it. Coke has business all over the world; its involvement is going to increase users. |
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More than anything else, in my opinion it is the ability to control our emotions that make us a good investor. Some of the investors develop an emotional attachment with the investment assets, and this results in not maintaining the stop loss and profit booking targets. And when that happens, there is always a chance of incurring a heavy loss.
Yes i agree on that people become a good investors because of they control emotions. I also believe that controlling emotions in cypto is really hard because it is high on volatility ang we also need to have a great experience on it. So i believe that good investors is also once a loser before on crypto field and they mayve absorb all the learnings from thier mistake. Many investor not control emotion with always not enough each every profit earn with bitcoin and altcoin investing, when reached more than 20% profit but still want to reached more than 30% to get profit and then they have lost their investing because price down to lower price, many investor can't control their emotion. This is basically greed. These traders shall set some specific percentage of profits and stick to it. In this way, they would be able to avoid greed and focus on percentage they want. Emotions play vital role in decision making so this is why in order to grab more profit, many investors lose what they could have. Afterwards such traders are blaming coins or either they go in depression. I will simply suggest setting goals. |
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I'm hoping that bitcoin can reach 22k this year, and looking at that graph, I have confidence that it can. But reading some other analysis, we can't still confirm it well, and I understand that reason. I also make my own interpretation, but in my calculations, and assume that I will only go to 18 - 20k. But then again it depends on the volume.  It's just too early to expect a $22,000 bull run within this year while the current price is not correlating to the price target. I expect that $22,000 or even $20,000 will touch next year but looking at the price trend and speculations it seems that the price is likely to move upward but not this year. We will surely going to see that new ATH of bitcoin next year we just need to HODL a little longer. Exactly nothing can happen with days we will have to wait patiently for years to get better reward. $22k will maybe happen this year but it’s dream of every investor to reach the target price. Holding is surely an important condition for investing to get huge profit that’s why I am investing and holding but about coin my choice is only Bitcoin. I just hope it will not remain a dream, I believe every investors wanted the price to reach atleast $20k and I really hope and pray that it will reach to the that point. We have been waiting for the bull run for a long time already and if it will not happen by the end of the year then hopefully it will be next year. We simply need to stay positive about the pump of bitcoin since in last few weeks, bitcoin has shown decent increase in the price. All investors are holding their bitcoin tight in order to enjoy the surge of bitcoin. Of course, every investor makes investment with a hope that his or her coin will increase in value especially when it is bitcoin, the expectations of people increase drastically. Bitcoin is in limelight because of the price increase it has displayed in the last few couple of weeks. There are numerous speculations regarding the prices of bitcoin in the coming year and all are very positive and amazing. I am highly convinced that bitcoin is not going to ditch us after such a long period of support and patience. All we need right now to make predictions true is to invest into bitcoin more. |
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Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.
market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly . about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency . we only lack of investors or new people this time but that can be provided the longer the crypto runs Mass adaptation of bitcoin is definitely going to bring positive impacts on the value of bitcoin and it would be able to increase with more speed and potential. For this purpose, we have to educate people regarding the benefits of bitcoin and crypto market on the whole. Stability of bitcoin will make it similar to conventional currencies or investment markets. Instability is the key for success of this technology. |
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Well, all countries have an impact on each other especially like trading, importing and exporting. As you can see those countries that have a good relationship have a good economy as well. Like China and the US. Iphones are made in China but its parts are from the US. They do it because they will only pay less amount of money in Chinese workers rather than paying a big amount in American workers. But both countries can benefit from it. Indeed, there's no country that has no connection, anyone has interconnected and helping each other.
Any country can only survive in this world by making diplomatic relations with leading powers of the world and her neighbors because now we are living in global village. We don’t have choice of developing alone because somehow every single country is relying on others in one way or another. As you stated the instance of iphone manufacturing, there are countless examples where states are exchanging resources and labors. All do this in order to save money and develop strong economy. |
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With or without Bitcoin, scammers will find a way to scam people and let us not blame Bitcoin for that. As long as there are gullible people around who believes in easy money and get rich quick schemes this scammers will continue to multiply. To stop this kind of schemes what we need is to educate people on how to handle their money properly and how to make it grow legally.
This is time to realize that scamming is not related to technologies or systems, it is issue with the mentality of people. As you stated, as long as people think evil scamming would be there. We shall not only educate people about bad effects so shortcut earnings but also secure our systems in order to protect innocent people. Bitcoin is just a technology it is not directing people towards scamming rather it is sick mentality of users. |
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Speaking that no risk is wrong, in history we have cases of several countries that were the total bankruptcy along with its fiat (Venezuela and an example).
We shall stop this blame game instead focus on adopting technology that has best results for our economy. As per now since every country is in the race of securing important position in world economy, we shall look for means that generate high revenues and are easy to use. Bitcoin and the whole crypto market fulfill these requirements. Even if fiat is doing great in state, still adoption of latest technology is must to stay in race. |
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I think as long as the country's government allows and supports cryptocurrency. then Africa will be a good place for cryptocurrency. African countries are now developing and have good economic growth. if they can utilize cryptocurrency and adopt blockchain technology I'm sure Africa will become a developed country.
The advantage with Bitcoin is that you only need an internet connection (no matter how slow it is), and a smartphone to store your money. This can be a huge boon for the Africans, as the bank coverage is very thin (especially in the rural areas). I am not saying that Bitcoin will completely replace the formal banking sector, but it can be very useful if someone wants to transfer small amounts and in cases of emergency. A lot can be done in Africa, as long as there is a will and the governments doesn't become overly hostile towards Bitcoin. Africa could serve as a great place for the mass adaptation of bitcoin since they are really in need of something that could generate revenue for them in short time span without much effort. As far as transferring money is concerned, they can also take advantage from the dual nature of bitcoin without relying on banks anymore. I am sure that government would allow people or assist them regarding bitcoin for better economy. |
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doing daily trading for a living is the most ridiculous thing
I have already said that daily trading is gambling, managing emotions in daily trading are the most difficult thing
I have never seen daily trading that routinely generates profits every day
better to be weekly or monthly trader.
Indeed, I tried to be a day trader but sometimes it needs more time before I take the profits. The alts that I've bought were kinda slow, so I can't really say I'm doing daily trading. I take the profits every other day or weeks. Not to mention not everytime that I have good days, sometimes it had its bad days. It's a really tiring thing to do, by watching the market movements for hours a day. This is the major reason I am not inclined towards day trading. It pushes you towards restlessness and distress. You need to sit in front of your laptop all day long in order to make sure you don’t miss any chance of cashing out profits since the market of altcoins changes within minutes and usually altcoins are used for day trading. I will suggest you switching to popular altcoins and bitcoin for great results. |
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That is just an article to increase people's fear and they will lead holders to sell their Bitcoin. When you want to invest, you should rely on your research and don't think too much about the right time to get into it. Doubts in our minds affect your psychological side, what you need to believe is that you must be sure that Bitcoin can rise many times more than the current price even though it takes 3-5 years to come. I'm pretty sure of this because many countries have recognized that and started using blockchain technology. So, there comes a time that total supply is nearing the limit and demand will increase.
Such articles or news are often spread by haters of bitcoin or contemporary competitors of bitcoin project in the market. They simply want to bring down the market of bitcoin in order to attract people towards altcoin market. What I will suggest is stop believing in news and do your own research and do look at previous market trends of bitcoin and read reviews of successful bitcoin investors. That will help you overcome fears. |
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We don't know what will happen next and its really hard to predict the flow of the crypto market. And i think the were still in a bullish msrket and the value of bitcoin is still going up so we might expect it might go hit $10k.
And more reason to convert our altcoins to bitcoin while its still in uptrend.
The current market trend of bitcoin and predictions related to its prices are setting major goals for the buyers of bitcoin. Definitely there is a clear difference between altcoins potential and that of bitcoin. Nobody wants to make profits in chunks rather everybody wants to have bulks of profits and for that, one needs to have great collection of bitcoin. So if one wants to swap altcoins with bitcoin, he is saving himself from regret. |
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Hy all. How are you. Bitcoin will rise to the moon in early 2020, do you know the reason? One reason is that more and more people are familiar with crypto and the digital world. Thanks.  See nobody can tell exactly what will happen to btc next day and here we are talking about next year so nothing can be said for this highly volatile currency.Although we all are positive that halving can surge price higher and we might see prices upto $20k by the end of 2020 but we will wait for right time to come and earn profits.Until then be calm and HODL. We are though unable to predict exact prices of bitcoin for future but still we can make assumptions on the basis of its past market movements. But the halving has in past helped in the surge of bitcoin prices and same seems to happen by the mid or first quarter of 2020. The market is highly volatile for altcoins, they change drastically in hours but this is not the case with bitcoin. It takes time for showing some major change. |
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For now, I don’t see bitcoin actually growing past $20k this period because there are many investors that have already set their target for that and once bitcoin is getting to that, I expect the market to crash back before we start talking of picking up again, but if we are smart, we should not be seeing those fluctuation as threat, we should only learn how to work along with that, we buy when it is down and we sell when it is high.
What period are you talking about, if you are talking about the price rise before the new year then you cannot expect that much rise in a short period of time, before the options market started then we could have those rallies but not anymore, if you are thinking about the increase after the halving then it is possible to touch another all time high valuation and we could even see further rally. We need to understand that the time left with bitcoin in 2019 is not enough for it to go for 15k dollars or more. But we shall expect it to reach 10k easily or beyond as it appears feasible to almost all market experts. But yeah as far as the coming year is concerned, we can expect a lot from bitcoin because by then there would be massive increase in the number of buyers of this crypto currency. |
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Go on, invest it in bitcoin if you have the money or if you are too eager to buy it, you can diversify a little if you plan on holding some of your altcoins too.
I suggest you find a part time job for your personal expenses and avoid spending your bitcoin to anything. Long term investors are aiming to hold their token specially bitcoin when the right time comes for selling.
If OP still studying then long term might not happen again as he might still use it, if he is in need, he really needs to expand or add cashflow in him so he'll be able to sustain his need without using if ever his investment. Having part time or I suggest half of it's budget now to be intended for investment in bitcoin and half for emergency fund so he still have some savings if ever the market is not in good condition, he don't need to be at loss. The best way to earn and keep safe his investment is to have a part time job that would really sustain to his financial needs. Even if he was still studying, he can have a part time job or be a working student so that he will ensure his investment without taking some of it since the market is too volatile. In order to have constant source of income either he shall go for day trading or some part time job. If he finds day trading hectic or stressful, then what you have suggested is great option for him. There are many companies or cafes etc which offer special student packages’ with less hours of work. In this way he can also save money for further investment into profitable crypto currencies. |
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MCap has 2x'd in USD & $XRP still ended up in the red.
what is your response to XRP?
It's a shitcoin whose price was over manipulated and ignorant people rushed to hold bags and the clever ones dumped the coins to them. I don't think it will get the price glory to had in 2017 again Holding shit coins is not good idea as when you are investing its your most important duty to k is about the potential of the coin if you will ignore and buy useless coins then after few years holding you will regret spending your money and your time too. It’s good to buy only good coins lie bitcoin so holding is important but only coins that is profitable only then you vs hope to get profit as 2017. |
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Definitely the major source of money comes from my daily job and it is not a lot of money but I really glad that early understood that investments it is absolutely important. When I was talking with my friends or colleagues I realize that a small amount of them invest money in assets. Especially they don't think about financial independence and often buy unnecessary things.
Obviously it is a waste when we only spend money on something or goods that are not needed, but when we can think for the long term or for the future then indeed, investment is the main thing to spend your money. So in this case I don't think money from anywhere will be a problem as long as you get the money in a good way to invest, because the thing to worry about is when someone invests from dirty money. Most of the times people lose hard earned money on desires than needs and later on suffer from financial crisis. We are supposed to always make a list before shopping and strict to it. This is the only way we can cut our extra expenses and save money for investing into right market or platform. As per latest options available for investment, bitcoin is the best source of securing your future and savings. |
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Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
It is difficult to draw conclusions.I think that the traditional financial system will exist together with cryptocurrency.As You can see that many countries still have a negative attitude to cryptocurrencies.The market needs more time to mature. But there are also countries that are adopting it for boosting their economy. This is normal to have people going against the idea of crypto currencies because governments’ are hesitating in declaring this market complete legal. I believe government shall find out a way of combining traditional currencies or investment market with crypto in order to take advantage from the unique features of crypto market. Crypto market doesn't need the bank in order to take an advantage since it can standalone by itself with just a help of local exchange which should be regulated by the government. On the other hand, bank may need crypto in order to rebuild their system, develop it, and then make it more convenient and reliable at the same time in a way that its integrity remains intact. Crypto currencies have clear cut advantage over traditional markets or banks. As we know that bitcoin and crypto currencies are not depending on government or any other contemporary market for their survival but vice versa could happen. There are maximum chances of banks especially the international ones of adopting blockchain technology in order to stay updated and stay as means of customers’ interest. |
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The nature of Africa was decentralization! Africa was unite and great until colonial masters began to centralize everything. Now all the resources is control by the western world. Now that the world is changing and blockchain is bring back decentralization to the world would Africa get their power back?
Corruption is the major problem with Africans, all their leaders are self-centered and does not care about their citizens, they should not blame the western world colonial masters for their problems. The solution to the African problems can not be solved by blockchain due to the high level of corruption operating there, what exist in papers are always different from the realty. But if we see the benefits of crypto at individual level, I believe struggling people of Africa can live a good life since crypto currencies are not exclusively there for governments rather they are more inclined towards individual economical freedom. I am strongly of the view that small businesses shall adopt crypto currencies in order to be financially free than a burden on government. |
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