I recently started to trade cryptos full time after I got sacked from my regular job. But, it is very difficult to finish up a day in profits. I am already I have lost almost 10% of my initial capital (which is a small compensation from my previous job). Now, I plan to go back to any regular job by keeping crypto trading as a part timer.

Being a full time trader, has not worked for me too.

That is the point where a lot of people might start thinking of going all in, so in a way, I might be surprised not to see a bounce from here. However, with the fact that this market is of course going to be taking a long time to go back to the previous ATH, I will not be surprised at all and at that point, I am sure a lot of people would have given up and then just assume there is nothing for the market anymore and probably cash out even at loss, for those who actually bought at the peak. It is what it is anyway, but one thing for sure is that no matter how long it takes, I am still pretty bullish long term on this market, even if I will have to pass it on to my kids.

Why you are worried about it? Don’t you know bitcoin always have gone in hot waters but it never let us feel bad. Even the prices are down, one can buy and make money from it. So don’t worry and it will raise high very soon?

Why is it that when bitcoin is continuing with the downtrend, people tend to think it is the end. For your own sake, this is just a downtrend market, and there is no harm in seeing this happen once in a while, people should get used to this and grow enough to understand that this is an opportunity for them to be picking at a lower price instead of getting worried for no reason, and then eventually missing the dips and joining FOMO eventually which is what a lot of people do. What the whales are looking for are those who will end up panicking and capitulating, if you want to make their day, you can join the weak ones.

There is nothing wrong with that, considering that it went from a very low price to reach as high $19k, so you should also expect it to fall the same way when it takes a fall. Only those that didn’t play their part well are the ones that will lose. If you trade perfectly, you won’t lose much. The best thing anyone can do now is to hold and wait for when it will go back up.

Different people have different ideas because there are thousands of cryptos in the market and it is difficult for new investors to decide which coin he should invest his money. The sane situation is here. People are confused which coin is better to hold for long time. Anyway I think that bitcoin, ethereum and Ripple are the best choices for long time holdings.

I think that till date there are no rules for regularization of bitcoin in the US because they also lose control of dollar not only in US but also in the whole world. Dollar is the only acceptable currency all over the world in this day and it is hard for US to let bitcoin legalize and regularize bitcoin in the currency market. Otherwise their dollar domination will dip in the ground.

Yeah you are right but some people want big bump in the price again like the previous one. Besides I think that the previous bump was not natural but was created and that is the main reason for collapse. When the price grows naturally and with investment cap it will never drop abruptly. This betrayed thousands of investors and now they are waiting for such bump again.

In my opinion the best way for gambling is that you should fix limits for your gambling time and money. Try not to accede that limits. Never take big money in your pocket and decide that you will spend one hour or two hours in gambling and then back to home. Do not gamble online because it will destroy you. You will never win in online gambling.

Till date I didn’t find any success in gambling. In my whole lie I just saw one person who won lot of money in gambling and quit gambling forever and start his own business of car bargain. Now he is very happy and do not see towards gambling. He took benefit of gambling, but that was just a case. Usually the results and consequences are against this situation.

It depends upon different market conditions that will enable you to go towards a proper direction but you have to be aware of everything that will help you choose the right direction. Currently, the market is in its bear stage as we know that downfall in price has occurred many times and now we are still in low market as it is stable here from a long time so I think it is the real time to enter into the market and should wait for bull market after investing here.

These impatient people want a big bump once again like the previous one, but I think it will not happen again. Now the demand for bitcoin is not very high and is normal and most investors are now putting their money in Altcoin. That’s why the price of bitcoin is not increasing. We will have to wait for some time and convince people to invest in bitcoin so that the price also rises.

In stock market you have thousands of options of buying shares of different companies. In my view stock trading is much easier than crypto trading, because there you can sell your shares anytime you want but in crypto you may not find buyers easily. Investors also look the market trend and the price on which they want to buy crypto. Stock market is not like crypto market.

When there is a point comes which is the edge for you before going into debts, then you should stop and quit gambling. Every gambler should fix a limit for himself, a limit for time and money and never accede that limit. That is enough and when something is enough you should leave it in that point. Controlling yourself will save you and your family from destruction.

Sorry I prefer banks, they are far much  better than crypto. You can only have your identity stolen or encounter any of the problems you mentioned here if you’re stupid and not being careful. But if you’re careful with how you give out information you wouldn’t experience anything bad.

I have been using banks for many years and I have never had any problem with my banks and that’s because I play my role by being careful. And by the way, we have PayPal this time around and you fund it with your bank and use it for transactions without giving out your info. Crypto is good and I like it too, they are both good and we need the both of them to stay.

I’m not surprised that you’re asking such a question. Why? Because you’re still a newbie here. If you were an old member asking such a question a lot of people would have freaked out on you.

Last year, something similar and even worst than this happened and people were saying that it is then end of Bitcoin. You can imagine the news having it that Bitcoin is dead, it was just all over the internet, everywhere you go. A lot of people started to run from Bitcoin, lots of investors withdrew their money and the price continued to fall.

And like that wasn’t enough, China banned ICO, transaction fees became too much, haters started to kick against it. But at the end what happened? It still rose again. That’s also the same thing that’s going to happens this year, this year is even better than what we faced as of last year.

Yeah you are right, the future of bitcoin is very bright and I am sure that those investors who lost their investment due to huge dip in the price will recover their money in the future. No say that how much time it will take but it is guaranteed that in the future the price of bitcoin will increase because the world is turning towards digital currency.

If you want to make money without investment you should then join signature or bounty campaign and upgrade your rank and get some project. Although it will take long time but it is the only way to get free bitcoin. If you want to trade then you will have to invest your money. It is not possible to trade without money. You can start trading with a very small amount.

Well, you have to understand that everything takes process and before we can even start seeing the possibilities of $10k, we may have to pass through some strong resistances and be able to trade above them for a while.

Nothing is guaranteed or certain yet in the market with the way things have been for a while now, so I would not be too optimistic or pessimistic at the same time, and I would rather just stick to whatever the trend decides to bring in the long run.

You are right and I think that in these days bitcoin investment is like gambling. There is no guarantee for growth in the price. an investor may lose his money due to fall in the price. it is the nature of business when the demand for something decreases the price will also decreases and when the price increases the price will also increases. For some people it is panic time.