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The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
This is human nature, fear is a safety net so to make precautions to avoid big loses. But it is not good to have so much fear if you want to become successful in the crypto world. Because only risk takers and die hard could eventually reap a sweet success in this field.This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
every single sentence here proves that you do not know what bitcoin is. you are just too caught up in the price and have been excited about it that you forgot to check out what is this thing called "bitcoin" that you got involved in!
i suggest that you start by educating yourself a little more. read the bitcoin paper. start watching some of the Andreas Antonopoulos' videos , you can read his book mastering bitcoin. and you will no longer think this way. here is a link: https://antonopoulos.com/
If it becomes regulated it is more accepted to the conservative world because they can somehow take a control over it. And in a way bitcoin could lose its essence in this case.i suggest that you start by educating yourself a little more. read the bitcoin paper. start watching some of the Andreas Antonopoulos' videos , you can read his book mastering bitcoin. and you will no longer think this way. here is a link: https://antonopoulos.com/
So we all know BTC drops when people sell their coins... but the peaking is purely because of investments...
The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!
Surely there are ways to bring the awareness of cryto to the population.
Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?
Here in cryptocurrency everything seems easy nd fast. When social media was still use as Media to introduce and promote it, many peopls really learnws The mall in S.Korea that started accepting BTC as of this month played a massive roll in BTC's growth. Obviously this is because BTC's awareness is growing!
Surely there are ways to bring the awareness of cryto to the population.
Are there any other 'blow ups' of crypto that you have heard of? Similar to the mall...
What are you doing to spread the awareness?
It is a normal development that Bitcoin is getting stronger in a sustained bear market. Alts are getting destroyed and people flee them in masses. But most dont want to leave crypto, so bitcoin is a safe haven for the time being. Just dont be fooled and think this is going to stay like that.
True, contrary to black propagandist movement claim that it would die it will instead becomes stronget every year.Although Bitcoin exists for almost 10 years, its role in our life is still unclear. One of the theories states that Bitcoin was created to solve the problems which fiat money cannot overcome. We can see how so many Governments have huge debts and how some countries cannot support their own currency (Venezuela might be the best example now), so Bitcoin looks like a possible option nowadays. Getting rich was never the goal for Bitcoin. It was meant to become the currency of the digital world and provide an alternative to the dying economy.
So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
Possibly the fiat right now is more preferred by many because all over the world their is less knowledge or understanding what is bitcoin but if people around the globe will start to understand this advent of technology fiat for sure will be left behind.So the question is, how do you think, should Bitcoin replace Fiat money, or there are other options of how it could be useful to the society?
Edit: To give you more food for thought, there is a nice article about the history of the creation of both Fiat and Bitcoin and their detailed comparison.
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
This news is not new. There are many countries that illegalized it and there are countries that openly receives it this has been going on the past 9 years. Bottomline is for nine years it has stayed and continue to grow.But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
What can be the best advice for a newbie due to the present market status on learning or investing?
With knowledge comes power. It is very important for newbies in this industry to understand the basics of crytpocurrencies how and when to invest. One must learn the pitfalls and the possibilities. If the person understand this better then he will succeed in this industrym
We didn't get the volume I was expecting yesterday and hoping for and with the sideways action we couldn't break through the 9400 barrier. We continued to move right and crossed the upward trendline last night causing a dump to the 8920 Support. We are still showing negative divergence so we may see further downside until we get that volume. Our goal is 9160 to get back on track but right now signs are showing further downside with the weak volume.
I think a lot of people are holding due to fear of Mt Gox, or this sell off could be Mt Gox. Either way we need to big buy volume to come in to get the momentum going. Tether Volume is back over 5B
We have Consensus in two weeks!
Yes, also people are also still in disbelief that the bitcoin price is actually recovering..They are thinking that the price will crash any minute and this uptrend is just a trap they are still testin more the market if it has actually become stable. Once we break this 9k barrier im expecting a boost in price because people will then realize that bitcoin is gaining a momentum to shoot maybe higher than last year's 20k!I think a lot of people are holding due to fear of Mt Gox, or this sell off could be Mt Gox. Either way we need to big buy volume to come in to get the momentum going. Tether Volume is back over 5B
We have Consensus in two weeks!
Bitcoin is now on up trends . What you think , Bitcoin will hit 11k by next week end? I think so . At least Bitcoin should cross 10.5K by next week.
We were all hopeful that it coukd reach 10k before the end of April but it did not reach that price. Eventhough I strongly see a good pattern of pricr increase since early April and if the price continues to increase by the daily basis I think we could reach 12k by the end of this month of May.The First time the market hit $ 345bn was December 4th, BTC price was $11600,BTC dominance was 60%. Today, same market cap BTC is at $ 8200,BTC dom 40%. Adoption of Blockchain is growing. It's more about Blockchain and way less about BTC.Its Alt season!!
You are right, 11k is just a small price speculation im hinting that it will reach 11k by the end of May and in June we May see uptrends of rice going to 15k. The block chain technology is getting popular and useful everyday. This means that bitcoin id getting stronger too in a daily basis and so are the other popular altcoins in the Market! The cryptocurrency industry is getting greenier everyday too..Re: Overall bitcoin is having only 21 Million Supply!!!!
I am still thinking about the people who is not believign bitcoin or just selling their bitcoin to fiat . they are forgettign the initial concept of bitcoin its only 21 million supply . So the price will increase for sure because population entering to Bitcoin and supply . If 1% of the population started using bitcoin then bitcoin supply will be less . So grab your before its too late.
I say that there is always time for everything, bitcoin has not yet reach its ful potential because no matter how popular it is but generally the public would tend to use fiat for safety and legal reason. Re: Why are banks and governments scared of Bitcoin?
So many countries now were prohibiting the use of virtual cryptocurrencies. And to think that many unemployed individuals were beginning to uplift their way of living because of their dealings with cryptocurrencies. Banks doesn't expressly say why it is banning the use of Bitcoin.
What do you think is the reason behind this?
.What do you think is the reason behind this?
Because banks and government wants something that they have control over. Where there are people who manages its every transactions and if something goes wrong they have someone to blame or accounted for. But with bitcoin it will never happened because of its decentralized nature.
Bitcoin is now on up trends . What you think , Bitcoin will hit 11k by next week end? I think so . At least Bitcoin should cross 10.5K by next week.
This is very possible for me now the price is at 9737 and we still got a more days to go before the end of April and the price is in constant rise so I wont get shock if it reach 10.5k before the end of April.Re: Is keeping your money on Coinbase really that bad?
TDIL Coinbase insures money lost from physical security, cyber attacks, and employee theft. they keep 98% of their funds offline. So back to my original point, is it really that important to keep your money off exchanges if they offer insurance and you personally make sure that your account isnt vulnerable to phone attacks? https://support.coinbase.com/customer/portal/articles/1662379-how-is-coinbase-insured-
It is better be safe than sorry. Nowadays a lot of evil people are lurking around and in the web ready to devour those easy targets. It is best that we buy hardware no matter how expensive it is, its way lesser than getting scammed or hacked.due to the big support that bitcoin get near 6000$ the general trend goes up to 10000$ then to 11700$
https://www.mql5.com/en/charts/8608032/btcusd-d1-ingot-brokers-australia
this is only technical view ........
Im thinking that before the end of this month of April and rise will occur at 10k to 12k this might not be enough for many investors but this is way better than a dropping price we hope that the price continue to go upward and i hope people will see this as a good sign and will stop complaining because the price did not meet their expectations. This price movement nowadays is very good for me and for those new comers who bought their bitcoin during the month of february are really in the moon now because they bought at lesser price and it is now profiting with the constant positive price increases. Good decision for buying at the depression time.https://www.mql5.com/en/charts/8608032/btcusd-d1-ingot-brokers-australia
this is only technical view ........
Re: Crypto trading time vs Olde Worlde trading time
I have never done conventional market trading, but these numbers explain a lot about how different crypto trading is.
If nothing else, you have to be glued to your computer screen 5.3 times longer (all around the clock), and the amount of stress can be enormous.
There are so many trading in the market mostly we trade with goods, mutual investments and etc. but i believe bitcoin has an edge over those because no. it is the "in" thing right now so people would tend to invest on investments that are popular over the world because it means the market is booming, no. 2. with this crypto we can transact 24/7 where in others there are specific time for transactions in each country's time zone. No. 3 it is very timely, with the computer age it is very doable and applicable in all ages their is no age limit, racial discrimination and etc. It very open and give fair opportunities for all😊If nothing else, you have to be glued to your computer screen 5.3 times longer (all around the clock), and the amount of stress can be enormous.
Hello, i'm kind of new into crypto currency, I am currently trading on few exchanges. But i noticed all of the exchanges use bitcoin to deposit and withdraw, also no matter what coin you trade use bitcoins. So when you decide to withdraw your bitcoin and convert to USD, how do you go it? I don't see any option in any exchange, which is very weird.
I think this varries on what country you are living, here in the philippines mostly we cash out through coins.ph also there are banks accepting bitcoin already. But generally its COINNS.PHCrypto Currency is like a Sun powering up the people all around the globe who wants to change the world who are passionate enough to bring changes.
Its the top notch opportunity for reaching to the financial freedom
Thats the reason some governments dont approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
Its just my opinion about Bitcoin ban
What are your thoughts?
Yes for many reasons and for one it has the greatest potential to make fiat money futile and more with bitcoin they cant get a profit since they dont have control over it. The government are speculating that bitcoin could make the world econmy collapse because there is no government gains and if people shift to bitcoin currency this mean that their will be no tax thats going to build infrustractures. I think this is a lame reasoning. Its the top notch opportunity for reaching to the financial freedom
Thats the reason some governments dont approve Bitcoin because they already know the Strength of new decentralised digital currency market,if it goes up then the government will have to come down.
Its just my opinion about Bitcoin ban
What are your thoughts?
Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
This is true, people are impowered because of bitcoin. Many employees has been earning less and steugglinng to survive in the daily basis works 8 hours to 12hrs but still their salary is very just enough for them to have a 3 days meal..And because of bitcoin their lives are change and become comfortable. I have a friend who was stucked in deep debt and he was in the verge of committing suicide but then he found bitcoin and now he has a very inspiring life. Bitcoin has change so many lives all over the world giving people new hope and desire to live. Kudos to bitcoin! Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
There's allot of uncertainty around bitcoin at the moment but with all of this commotion I think it's important to put this all into perspective. At the time of writing this message we are at $8700. This is 8x what it was a year ago. Another thing to remember is many people never thought they would be lucky enough to see a bitcoin dip that would put bitcoin at these lower prices. I feel lucky enough to have come into the market early enough to buy bitcoin at these extremely cheap prices. I reckon we will look back again at these times and there will be another batch of people kicking themselves for not buying bitcoin.
Bitcoin gets better and better since the beginning of the month of April and it is steadily growing since then reaching to 9k on these 3rd week. There is a great possibility that it will reach 10k by the end of this month! With these rate it may surge to15k by the end of May and possibly surpassing the highest price of 20k last year December! This is getting so much better by the a day and im very happy with this stable positive price increases!!!