Bitcoin current situation

[sunsilk]

I like the encouragement that you're giving here and this is ideal to the folks that were in panic last few weeks ago. To mind those people that are using other money for investing, you guys must change that style and it's not a good thing to touch others money.

All of us want to taste how bitcoin's profitability but it's wrong to use other people's money for your personal interest. We are very much trusting bitcoin but despite of that, invest accordingly with your very own funds.

[maydna]

Before we invest in any investment type, we need to learn how we can invest, how the investment will work so we can know how we should treat the investment. People who don't learn about bitcoin investment can make them get to the trap without a chance to make a profit in the future. When they have information about investment in bitcoin, they will be careful, especially if they use the money from taking a loan.

Even if they use their own money, they still need to be careful and control themselves so they can prevent the loss. Although bitcoin investment is a risk, as long as we know how to prevent the risk, we can reduce the risk, and we will have a chance to make a profit.

[pankaj1234]

Any market has its up and down. bitcoin drops very fast in previous days but now recovering slowly to up. the price has fallen to 3800$ anybody capture that price now will be on profit side.Now bitcoin price increasing day by day is good sign for Cryptocurrencies and it total crypto market will come on line in some times.
So bitcoin current situation is looking good not to worried.market is looking for come back once again.

[bearexin]

Yes you’re right , there are lots of people who are trading and investing in bitcoin with money that is borrowed. I have even seen the story of a guy here that convinced his dad and his whole family that they should invest their savings in bitcoin and they gave the money to him to invest and now he lost it. Now he doesn’t know how he’s going to tell his family that he lost the money that was given to him. So, it’s really a big risk for anyone to invest in bitcoin with a money that is not their own. That’s the last thing I have ever done.

One of my friends once told me that he wants to give me money so that I can invest it for him, but refused because I know what follows if the price should fall and I lose the money. So everyone is on their own, if you wan to invest do it with your own money.

[Oasisman]

Even if they use their own money, they still need to be careful and control themselves so they can prevent the loss. Although bitcoin investment is a risk, as long as we know how to prevent the risk, we can reduce the risk, and we will have a chance to make a profit.

Man, you can't prevent the risk in investing in any kind of investment platform. Reducing the risk doesn't guarantee a profit and prevent a loss.
Nevertheless, investments bares different level of risk, so does in cryptocurrency, depends if you're daily trading, short trade, and long term hodling.
One important factor to reduce the risk level is experience.
But then again, It wont guarantee a profit, because there are still people who has been in crypto space for quite some time and still find it hard to make good gains.

[Leviathan.007]

Thank you everyone for contributing here in this topic
In order to show me respect I wanted to reply everyone here, sadly I can't.
After reading all the posts here I believe you are thinking the same way. If I was not wrong and everything I said above was correct, I hope you people consider thinking about them.

[Thewolfofcrypto]

Markets all over the world are in their low what can we expect?

[Debonaire217]

Observing the current market, you can't really wait to see your investment grow as there is no significant indication of price increase in the future. The market is too volatile for us to predict that in 3-4 years, our investment will grow. The fact that it is volatile is enough for us to invest in long term even without the need to specify how we will invest our funds. For me, I am willing to invest spare funds of mine, and I am also willing to sell it right, whenever the market shows a good price. That means that I couldn't specify the time I need to invest whether it is long term or not. As long as I have bitcoin's in my wallet, I know that my investment will work.

[maydna]

Even if they use their own money, they still need to be careful and control themselves so they can prevent the loss. Although bitcoin investment is a risk, as long as we know how to prevent the risk, we can reduce the risk, and we will have a chance to make a profit.

Man, you can't prevent the risk in investing in any kind of investment platform. Reducing the risk doesn't guarantee a profit and prevent a loss.
Nevertheless, investments bares different level of risk, so does in cryptocurrency, depends if you're daily trading, short trade, and long term hodling.
One important factor to reduce the risk level is experience.
But then again, It wont guarantee a profit, because there are still people who has been in crypto space for quite some time and still find it hard to make good gains.

Yes, we can. Just imagine, you have $10,000, you want to invest in bitcoin. You must know that never invest all of that amount in bitcoin because bitcoin is fluctuating, and you never know when the price will increase or decrease. So you can invest from $2500-$7500, and you can save the rest money for another thing. Let say you invest $5,000.

You don't have to buy bitcoin with $5,000, but you need to split it into 2-3 portion to buy bitcoin at various price. That is what I do, and I suggest to my friends, so you can get bitcoin at low, lower, and lowest price if the price is down for more than 1 times.

Investing and trading will not be the same. You should know what you want to do, whether you want to buy and hold or you want to trade daily, weekly, or else. Yes, reducing the risk doesn't guarantee a profit, but you prevent from a big loss. That is one way to reduce or prevent the risk.

[wingfield_crypto]

      I start by saying that even if we go through an unprecedented period, an economic and health crisis, I believe that BTC will not die and we must trust the BTC and the crypto market in general. You can't expect short-term profits, because the crypto market is not a gamble. The crypto market is an investment, and the investments are made in the medium and long term. Also, those who lend themselves to investing in crypto do a fool, because you only have to invest the money you allow them to lose, even if you won't lose them. It's an unwritten rule of the crypto market.

[ballerin and giroud]

It doesn't matter when you money loan money or not because the matter is you know how exactly the price movement is. I see often some people here who make a loan and their reason are for to trade which they had know that bitcoin will be up soon. So just thinking about it, you are free to use money but you have to know first before you borrow. Make an analyst first and be sure against it then you will be fine. Cryptocurrency is very dangerous, you can't similar with other investment place like stock market even gold, those are really different.

[Becky666]

Totally agree with you. Bitcoin almost every year experiences a rise and fall, and people who engage in cryptocurrency do not panic, but use such situations for their own benefit. Emotions and crypto trading are not compatible. Here you need only cold prudence and the brain.

We'll believed how things work here with Bitcoin and other cryptocurrency around the industry. The downtrend in the market place is due to some circumstances which landed the planet earth with pandemic called coronavirus. We all saw that the stock market and cryptocurrency market were hugely affected so the price was down for a longer time now.

Although, the price has started growing up again because of the buy orders from new and old investors. We may be heading towards another new all time high in due time from now before the big event happen in my own opinion.

[aa7356]

my current problem is pull money from that Fu** lovely ATM ... why that machine is programmed to spill 10 bill bank note minimum?

[Kelvinid]

It was difficult when you are having capital for investment is coming from a loan or borrowed money from your parents or friends.
I know what they are thinking and that is thining for easy and fast return which I believe it seems to be impossible this time. We can make money in here easily. If that money is coming from a loan, you are badly in losing because of the interest and it might compromise you when you can't pay it unlike if you start with your own money. This is common to us now and to this kind of investment, It is really not a good idea to make.

[mrrdewitt]

I think we should not go to extremes. It is not a fact that Bitcoin will greatly increase in price. Whoever predicted this, no one can know for sure. But also do not think that if the price is now lower, then nothing will change in the future. I think that the price will rise, in any case, after a while.

[coupable]

I think we should not go to extremes. It is not a fact that Bitcoin will greatly increase in price. Whoever predicted this, no one can know for sure. But also do not think that if the price is now lower, then nothing will change in the future. I think that the price will rise, in any case, after a while.

We are in a specific situation. A lot of developement stuff are taking place. The epidimic, the next halving ... A lot of technical interest to btc as secure method of paiement with or without pandemic.
Personally, i am familiar with crashes of btc price. It's volatile, we all admit this. But i believe in the importance of btc and thinking about iit's future rather than the present .

[thesmallgod]

Risk is always involve in a business and same when you wanna invest but the most important thing is to take a brave risk. It is not right to borrow money to invest in something that involve huge risk. What if you end up losing part of the money. What do you think will happen ? We all know crypto is affected by volatility and there will always be up and down but there are still some people that luckily make profit even at the extent of volatility.

[skiorf]

But also do not think that if the price is now lower, then nothing will change in the future. I think that the price will rise, in any case, after a while.

The ups and downs of bitcoin prices are influenced by a variety of factors. The current crisis due to the pandemic has become a major factor affecting it, but not completely. The price of bitcoin is able to reach more prices than current prices.

Future price changes will no one know for sure, but can be read using technical analysis and combined with fundamentals.

Bitcoin is a digital currency that is very strong compared to national currencies, and that is proven by the current state of bitcoin which is not 100% affected.

[Bitcoinislife09]

Created this topic for some bitcoin investors to read about the current situation, please read and share your comments with me.

These days many people are scared because they think lose their money with bitcoin because of the price falling down.
There are two kind of people in my own idea:
1. Some people invested with their own money and they are also thinking long-term (2-3 years or more)
2. But in the other hand some other people, unfortunately,  using the money from dad/mom/loan/... Also they want to get the profit in short term.
Please everyone be careful, when are you using other people's money, you will get stress and you panic real fast. obviously, in this case you lose your money and leave the crypto world while you say "crypto is unless/scam".
Many investors are recommending people to do to enter any project with the money they need, use the part of money you don't need it. So, even if you lose your money you won't be depressed
If you know bitcoin for 3-4 years you know we had many pumps/dumps even worst than this. For example, a few years ago after closing BitInstant, bitcoin stopped trading and the price fallen down like hell. some people sold their bitcoins for a real low price and lost too much money with selling too cheap. Everyone said bitcoin is over and here it is! Today you sell/buy it for 6K USD.
Sooner or later... Bitcoin price will rise and having one single bitcoin will be a dream for other people.

We definitely know Bitcoin did not cause anyone to lose money in the long run. Bitcoin is still promising for everyone. And for the big price cycle, things aren't going well for now. But I think this cycle will definitely break somewhere. For this reason, we have to be careful when investing.

Bitcoin nowadays is somehow subsiding because of the covid-19 pandemic that we are experiencing right now. But then bitcoin is really essential because it can help many peopke in their finances. Through bitcoin someone can gain and earn so much money and bitcoin can also be used in paying bills payment. Through bitcoin bills payment you need not to go outside the house and pay for your bills, you do not need to travel just to pay your bills. I believe that bitcoin will soon rise again after this pandemic that we are experiencing right now.

[valuater]

Risk is always involve in a business and same when you wanna invest but the most important thing is to take a brave risk. It is not right to borrow money to invest in something that involve huge risk. What if you end up losing part of the money. What do you think will happen ? We all know crypto is affected by volatility and there will always be up and down but there are still some people that luckily make profit even at the extent of volatility.

Those people who manage to understand things first before they step their foot inside this venue of investment, it's always better to take the risk if you are well satisfied with all those research that you've made. People who are willing to take risk and shouldering everything whatever happened to their decision making to the point that borrowing money will be part of their options.

Those people who manage to understand things first before they step their foot inside this venue of investment, it's always better to take the risk if you are well satisfied with all those research that you've made. People who are willing to take risk and shouldering everything whatever happened to their decision-making to the point that borrowing money will be part of their options.