Is that right? I think that will be good news and will increase the attractiveness of bitcoin. Because then bitcoin will become even more popular. And of course this will be a new direction for bitcoin to be even more potential and increase public enthusiasm. This is really good news.
If this is real news than it would be a great step for bitcoin and bring a lot of new volume into the market, besides other car manufacturers will probably follow. Just wondering why there seems no news about this.
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Re: At this time buy and hold bitcoin smile in future
I think this is the right time for getting a good profit in the future. I want to give to advise that it is a chance for the investor, now buy bitcoin and hold for some time and you know what to do you can sale your bitcoin when the price is high.
Yes I agree, buy as much as you can and just let it grow in the future. Just make sure that you still have money that you can spend for your daily needs. Never lose hope whenever the price was falling, look on its positive side where when it pump surely high profit that you will get from it.
Even if we do not see another pump soon, at least something comparable to last year...so what? If you believe in the future of this revolution you should indeed use the lows to get more. But the thing that controls us more than logics is fear. If you do not get trapped by this you can make your best moves now.
This is the good news we need right now! I think this may indicate a return of confidence in bitcoin and one can hope for a price increase.
This is naturally good news, but it should be mentioned that this dominance is achieved by selling many altcoins, which in turn is a bad sign, because people do not believe in them, and therefore in cryptocurrencies....
I agree, overall the ecosystem needs more usecases than just payments, and even if you are a bitcoin maximalist you will agree that the blockchain technology opens many new areas of innovation outside the financial world. The decline of altcoins seems to benefit bitcoin but this is a narrow view. I dont see bitcoin and altcoins in so much competition, both offer different applications for the blockchain technology...if people loose interest in blockchain technologies it will eventually also hurt bitcoin, no matter the gains in dominance. Real world applications are going to take this to the next level.
People go here and there spooling,spreading and propagating FUD to get on peoples emotions and to put them on PANIC MODE just so they sell their BTC, and you know what, PANIC SELLERS in these industry are LAZY, they can't and won't research and understand after lots of rise and fall in these year that the KING of all digital currencies is just going through a phase.
I personally Love PANIC SELLERS, and I hope there can be a section on these platform where they register so that people like me can contact them to buy CHEAP from they..
GRACIAS PANIC SELLERS, MUCH LOVE TO ALL OF YOU OUT THERE BLESSING FUTURE MILLIONAIRES WITH YOUR COIN
yes that's the market, where people will panic when they see prices drop, and they race to sell their coins / tokens because of the weakening market situation lately, and some people think this is an opportunity because they can buy coins / tokens at a cheap price
Indeed, it's a great opportunity for myself to buy cheaper bids of coins and also for those who wanted to invest for a good price. This situation right now isn't alarming, because it's been happening since last year before the bull run of December initiated so far. I loved to see those prices goes down and now being grabbed by new interested buyer, but they need to be careful and should learn to control their emotions for them to avoid possible panic again.
After all, the volatility in this market differentiates it to other markets and with the chance tomake huge gains come of course a lot of downsides. On the way up its exciting and people put more in than they should, but when things go down everyone seems at unease. While its during these times where you can make a difference.
bitcoin has an acquisition cost. at the moment miners costs are above $5,800. the high majority of users are refusing to sell for less then they paid for it. which also supports the long term $5,800 bottom. thats called the underlying market value layer
above that. .. then there is markets speculation layer.
yes psychology dominates if a price goes 4X higher than communities average acquisition cost. and psychology can decide when to correct that empty hype spike. but thats just the hype and fear of the speculative layer.. not the underlying layer
right now there is about 10% hype/fear speculation in december there was 400% hype/fear speculation
but right now there is not much fear. we are not seeing 400% drops. we are not seeing price go below the long term underlying value
right now 10%+ 10%- are not hype or fear. they are just normal waves..
That is one of the best explanations I have read so far, it all makes perfect sense. We have seen a time when people where just coming into the market to speculate, fueled by fomo. The prices went out of touch with reality and after a few months of detoxing we are getting back to prices tht reflect more the underlying value.
Comparing the cost of mining of bitcoin to the current price is probably the best indicator where the real price should be, above that we get into speculative territory.
Long term investment have a good profit that short term. In long term investment it will let your investment run until the time you need to pull it out. In that case it have long enough time to produce good profit.
have a long time to get big profits, if we wait patiently it will definitely produce good results. Long-term investment is very attractive to people because in a long time you can get results that are greater than short-term investments. You should check prices often so you know more about getting good results
do not have to check too often. because if the trend still changes the same. it's better we focus on other jobs rather than busy looking at the red chart
You can look at charts but use the long term charts. Main problem is that most people just refresh coinmarketcap and look at the 24h changes. This will just fuel paranoia and anxiety and will not help in any way. In order to make good decisions you need to look at the big picture and take more into equation that short term price fluctuations.
Sell and lose your profit when market is down - the principle is very fundamental. You only get to enrich the pocket of the investors with much patience who seize the opportunity to buy more valuable coins at cheap prices from the weak hands who panic during bear market times. The choice is yours, fellow crypto user.
Well put. Whales are picking up crypto for low prices while small investors hand it to them. You can keep teaching the opposite but fear is the biggest hurdle to profit in financial markets. Dont fall into that trap.
Already at these prices most EU and US based miners are at breakeven prices. Below 200 USD, the vast majority of ETH miners would have to shut down, the transactions would
slow to a craw, among many other problems. Barring a catastrophic meltdown of crypto markets, further erosion of Ethereum price is unlikely.
people have been saying this for a very long time now. in fact each time ETH price drops about $100 someone comes out and says this price is the bottom and miners will go if it drops more.
but what you are all missing is that miners have been leaving for a while now. they stopped making profit as the price started dropping and as the difficulty made it hard for them to make profit. right now big mining farms are remaining on ETH chain mining coin with some hobby miners which will soon go away as it drops more.
not to mention that all of this is irrelevant because miners do not control the price. when people panic dump, there is nothing that can stop them.
All you can do now is pick up one of the leading cryptos for pennies but people refrain to do that because they sense it is all doomed. If you do research and will realise that nothing is wrong with Ethereum despite all the fud. There are upgrades that even improve the scalability issues like Casper. Not get sidelined by fear caused by temporary low prices.
Actually, I do not understand those guys, who ask what to do - sell or hold. OK if they need some money urgently, they will do it without any advice. If not - they are going to hold their cryptos, I do not doubt it.
Same here, spending all day scratching your head when prices return to atm will not change anything, you just become more emotionally involved while you should you logic and simply buy more if you still believe in the projects you invested.
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Re: Psychology when entering the Cryptocurrency market.
Good advices to people who's entering crypto currencies world. Thank you. In addition i want to say that you mustn't be greedy. You have to read news, understand what bitcoin is and foresee buy and sell points. Don't follow who introduce himself as bitcoin guru. Don't follow your instincts, follow reality and your logic.
It sounds so simple, just follow reality and logic, yet people react hysterically when prices fall instead to buy more. If you really believe in the long term success in their projects then low prices just enables them to buy more. So why are prices not bouncing from the level now?
The whole framing of the topic is pretty silly. A simple Google search using "bitcoin use cases" brings up tons of information and examples how bitcoin is used and what are the benefits from using it...
bitcoin is a big currency. it dominates every other currency. bitcoin is now very popular in Asian countries. i hope the bitcoin will back strongly...
Of course bitcoin will strongly spike again in the market. We just be patiently wait and don't easily give up of your investment. Bitcoin already prove its worth for the past year and it will continue to grow and develop this coming years.
The Asians have also a way more relaxed outlook, we could use them as acrole model for many things. All these doom scenarios are things were mainly the western mind is engaged deeply. In Asia they believe largely in incarnation too. "Bitcoin might day one day but is no need to worry as will be reborn again and this time more wise"
yes, in my opinion bitcoin is the future because by having an investment in bitcoin we will have the opportunity to get profit and we will have a good future with better finance
That is odd, you picked a username reflecting a crypto currency that is able to do instant transactions almost free of charge and at the same time you promote Bitcoin which is clearly threatened by Nano's technology
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Re: Psychology when entering the Cryptocurrency market.
People who are weak hearted and gets depressed easily cannot be helped once the price sees a slump. If they cannot stay strong and keep patience during situations like these then it is very likely for them to fall for FUDs and lose all their money by making stupid decisions. So, it is very important to self analyze what the next step should be when the market faces a dump.
That is a good observation. People know if they want to make money on this market they have go buy when 'blood is running down the streets' and sell when we had a period of double digit green. But as you pointed out there is discipline and strength required to do that and most people are simply to weak for that.
To be honest, we all know that the market is not in a good mood for a long time. And it makes everyone worried. Sometimes i really think people have right to be worried about their investment cuz no one wanna lose money. Anyway, im sure bitcoin will be fine, as well. We need to be patient for a better future.
We are just in a bear market for about 6 months, so not sure what you mean that the mood of the market is so low for already so long. Did you ever check the duration of previous bear markets? History can sometimes tell you what to expect in the future
No, it's not going to happen. I believe Etherium will be near $500 in next couple of months, bears market is over, they don't have any power anymore.
Who does not have any power anymore, bears? Why would that be the case? Do you know what shorting is? Bears who have been betting against the market made big gains and have huge pockets right now...so please explain.
If you say ethereum will hit to 100$ i think impossimble, because not paramaters we can believe .. if happen bacause dump with ico i can say no .. see volume 24h for eth and trend market .. price eth range 250$ - 290$
While nothing is impossible and in theory all coins could eventually decline further and further until they reached ICO levels...in reality it is more likely that the prices stabilize again in the range that you mentioned
Sellvas fast as you can because your token may never rise again! You msy wake one day and realise all your money is gone and there is nothing you can do about it! If you sold at loss, at least you've got something!
The majority of coins are down pretty much 90% or more from ath. Selling now is essentially losing everything. Except for a tip that stays left. In this market you need to stay strong and avoid selling out of panic. If you have to much skin in the game then you need to change your exposure to this market.
So buying for the long term is better. Ethereum currently has a downward trend. and you are better off choosing another altcoin to be able to take profits quickly. because the current Market does not have stability. all prices of crypto currencies are very high fluctuations. and I think it's better to use a scalping strategy to take profits.
I was not very lucky with short term trading but in this market hold is not working either? Can you explain how you do scalping and what coins are suitable for this currently? I agree that Ethereum is probably not the best choice for it...