Couldn't sleep this morning and thought - why not make a cryptocurrency update!
Speaking at Blockchain Economic Forum:
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I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
I talk about:
#Bitcoin #Ethereum #Cryptocurrency #Crypto #Altcoins
If you are into privacy cryptos, you don't want to miss the DeepOnion dip. They integrated Tor into the wallet for identity protection. The value decreased a lot because they just finished a 40-week public airdrop and many are selling their free coins. The project is huge for a small team, but if the devs continue delivering, I feel it will become popular soon.
Blockchain is the future, technology is next level, wtf does that have to do with crazy price action?btc is worth 100, eth is worth 0,litecoin 10, and it shud be fixed at that, y price fluctuation like its some stock
Luckily, if you look at enough, this isn't the case. EOS moving pretty independently, and tokens GNT moves quite against ETH lately, OMG was moving all over but now trading tight with ETH. There's independence in good projects and risky ones.
Boxmining In the stock market, people are able to differentiate between certain industries, cycles and products. Speculating on what they believe will outperform. There seems to be little to none of that happening here in cryptos. Don't get me wrong, I see the potential of block chain but right now, the whole market is moving together on collective fear or greed. Not on sound investment practices.
It's just annoying when there's no real reason for such a dip or crash... I realize the marketcap is still up from last year but it's getting a little ridiculous, especially when you have coins like icx and ven doing so poorly and only good news has been coming out
it's just the hype is dead u kno
not as many people wants to invest in crypto after such a long bear market...
new investors are the ones who got annihilated past few months....
most coins are still high compared to early last year. xrp was 4 cents and btc was 1200$ in april 2017
i think another bull market will come but it might take months or years..
Maybe its because lot of alt coins have gone below november levels, before the bull run.....and many coins are 90% down....and its bit strange taking into account all the blockchain interest...anyway still holding 😂 gone to losses, i invested in october
My two cents: I rarely, if ever, hear about dollar cost averaging. Though I've seen academic debunking of it, the basic tenet still makes sense to me. That tenet says that, if you have determined a product has an inherent value that will be acknowledged in N years, buy a fixed amount (measured in the fiat of your choice, USD for me) at even intervals (monthly is nice: you don't have to do it too often). When the price is high, you'll buy less (fewer units) . When the price is low, you'll buy more (units). In N years, you'll have bought more units at the lower prices than the high, and when the world catches on at some point, the price will be higher than the average than YOU bought for. Let's invest a hundred monthly for a while and see what happens:
Month Price Units
1 1000 0.100
2 2000 0.050
3 500 0.200
4 100 1.000
5 50 2.000
6 200 0.500
7 1000 0.100
8 4000 0.025
You just spent $800 to buy 3.975 units, for an average price of $201.26, and you were in the game the whole time.
Under this system, all you have to do is be reasonably confident in your intelligence, but not over-eager. It means that you have examined the "product" at the working level -- just like Warren Buffet. He visits operations, gets to know the owners, the financial structure, the real estate holdings, etc. before he buys a company. Well, we too have to get to know the ACTUAL WORKINGS of the project, look at who's involved and where they've been before, determine if you are convinced by their abilities and personalities and -- get started today -- read code to see if the damned thing's gonna work.
I, for instance, like older developers who speak without hyperbole and who have had their hands dirty at the actual development level. I like spokespeople who look at whole projects and understand both how they work and how competitors work. Spokespeople who are angry, insulting, too young, garishly dressed, or speak in a way that gives me bad vibes work against the project they represent, so I don't buy in.
Choose a few projects -- not more than you can understand at the ground level -- trust your intelligence, and average the market for several years. If I can do it in the middle of my 7th decade, you can do it in your 3rd or 4th. If you have to wait "an eternity" to see a return, you'll have reached the ripe old age of 50.
Of course, if I fail, it'll only be my kids who don't see all that buying power -- because I was only using money that they'd otherwise have inherited, so it's no skin off my nose. But really, that's just a corollary to the principle that says "Don't put in more than you can afford to lose."
Given that philosophy, there's NOTHING I like better than to see the current bubble burst: it just means that I can come home with more goodies every month. Don't worry, we're not going back to barter, or gold dust, or credit cards with 3-carbon slips to be sent in at the end of the month. This is, at least to my own point of view, the way technologies have always progressed over time. Unless history has ended, the trajectory should continue.
I hope this wasn't financial advice. I like to think of it as simple "DUH! What did you THINK was gonna happen?" But anyhow, that's my thought on "buying the dip".
I don't know if it's good or bad but when the market gets rekt I just keep buying. When the market runs I always feel like "damn there goes those great prices". Low cap coins with solid teams in a limited space are the solid buys. Vechain is one of the few large(er) cap coins I would buy. It's super undervalued. Wan is good too. Cpchain, Thekey, and TFD are absolute bargains right now that can be an easy 5x when the Market cap returns to 500 billion.
I'm only new Jan this year - eek.... red days trigger my preset orders so it's shopping time for me when I see red too. No attachment from me, strict rules and enjoy. Up, down, round and round it's part of the landscape. I'm all out of fiat now but still accept that the red is just part of the journey, it's only a loss if you leave!
The price of bitcoin was exactly the same price last month almost to the same day. It's all a part of the patterns of crypto. People buy the dip and sell three days later. Then it falls again a lil but not as much.
Crypto currency cannot be money anymore at such volatilety rate crypto is perfect for gambling. In reality it is very hard to buy, very hard to hold and very hard to sell and in 99% case I cannot use it in real life also. So what's the benefit to the general public, ? rather than gambling tool for some whales. General public like me are losing money on the name of hold. I bought btc in 15k and now it is less than 7k. Problem with this modern world is everybody wanna be king and everybody wanna make their own money thus 2500+ coins exist.
And anyone can manipulate market anytime and this is happening again and again and now also.
I am tired of people saying to hold and hold and hold....saying that there will be a bull run soon. Who says this is not a bubble deflating completely since the top...beginning of this year? Like eg McAfee. Every day he tweets to hodl and hodl. I am losing money every day while he is rich anyway. He does not care. Neither do the people who bought BTC at $1.
Stay cheerful Michael. I normally pay a visit to yours and suppoman's channels after watching the oppressed Tone vays. Although, hiring that blonde has raised his cheerfulness ( and quite possibly raised his expenditure costs on boxes of tissues ).
It is my opinion and definitely not financial advice that privacy tokens, coins, software, systems are the next boom. Here in the U.S net neutrality was overturned. You can guess what that means for crypto! The banks have been pushing for the total destruction of crypto and this is a small victory for them. I believe you and other You Tubers are sooooooo far off on your analysis that main stream money coming in is a good thing. I have been around for 58 years and 1 thing is for certain. If they do not benefit by getting at least 90% value and control they will attack, use the jaded legal system to destroy that they can not possess. I would love to hear what you and other followers have to say.
Fake support to trick the muppets into thinking there is support. 3k is support. Market makers are faking bounces off 6k zone to create a false sense of floor. Once loads of longs are in they will pull the floor.
Let's face it. Most new investors who started entering the market in Nov-Dec last year are now bagholders. There is a study showing that many long-term investors have already cashed out. And the only way for the current bagholders to survive is to have another wave of new investors, which is very unlikely. In other words, they are screwed.
I think the reason so many people are melting down is pretty easily explained: A lot of people got into crypto as a result of BTC's big boom last year and have been waiting (expecting) to go back there again soon while in reality we're getting further and further from those numbers every day. The situation is made worse by the crypto media telling people BTC's gonna be 25k - 250k "soon" so everyone has Lambo's on the mind and despite the constant stream of good news for crypto/blockchain the price keeps falling and the Lambo's get's further and further away and this makes people freak out. People just need to have REALISTIC expectations and stop eating up all predictions all these online "experts" come up with. The simple fact is nobody knows what's going to happen, all we have are trends and probability at best.
2000jago. I started with money I could afford to lose... and that it did, pretty fast.
So I put more money in on the way down, but that didn't work out so far. I believe the blockchain revolution is and will continue to happen BUT, Im not so sure crypto buyers like myself will be the ones actually profiting.
I stopped trying to swing trade but I wonder if that's the only money to be made buying the cryptocoins
The problem with setting trades and walking away is that it requires leaving funds on the exchange for a long period. I missed a bullet with MtGox and BTC-e... not leaving any funds on exchanges. I would only let an order sit on a decentralized exchange.
How to become bitcoin trader? Exactly like Bitcoin, multiple digital currencies exist in the marketplace. So if you prefer to buy a few other currencies which aren`t available on Indian Exchange than you can utilize Bittrex. All you have to do is locate an exchange that you favor. Cryptocurrency exchanges have a massive potential to modify peoples minds and opinions concerning cryptocurrencies generally speaking and their application in actual life. So even in the event the exchange is attacked, its still true that you have your money. Furthermore, the exchanges prepare each and every industry for Bitcoin expansion. Existing stock exchanges will also compete to be able to fulfill the users configuration requirements. Sooner or later later on, the prices will grow more equal, meeting somewhere in the middleyour profit is equivalent to the quantity of convergence. No matter how far it is from Kijun, it is likely to return and test that level at some point. The amount of bitcoin is perpetually changing. In the US, it is 1000 USD. Whats even better, seek the services of a seasoned lawyer or at least ask for an in depth consultation. So youve read the newspaper about the meteoric growth of crypto currencies including Bitcoin or Ripple. Then coming up with 1000s of exchange rates simply to go out and get groceries is nearly impossible. Many cities around the world provide a bitcoin ATM where you are able to trade cash for bitcoin. The cryptocurrency world isn`t efficient.