Topic: Can we just point out the obvious? - page 3. (Read 445 times)

I guess the OP is not following the latest developments with the lightning network. Bitcoin is slow when over used and is not capable as it is for daily supermarket use, unless there are prepaid bitcoin cards. However, lightning will change all of that so it is better to buy now when it's cheap rather than when everyone is going crazy for it

Well said, the market is completely unpredictable. Upon the same it isn't the right time for beginners to make their entry into crypto. But initially learning and then getting into the market with small investment will surely let the user learn experimentally as the market is fluctuating with time. The same doesn't took place all the time with the market. Another thing, the market is good for beginners to invest as the growth is promised.

I totally agree with your point and would like to add more advice before giving any suggestion to new peoples to invest in cryptocurrency just give them advice to learn basics of this industry & give them source too so that will learn easily. Also its better to invest amount that you can digest if losses occurred & will not affect your finances.

I agree 100% that it's a difficult time for newcomers to buy in. Yes prices are vastly cheaper than they were at the end of 2017, but still there is no indication that the bear run is going to end any time soon, and in all likelihood prices will drop further.
I do think - and it's difficult to say this without words such as 'belief' or 'faith', which suggest blind optimism - I do think that logic suggests that the world needs crypto because it is quicker and more efficient than existing solutions. Countries and companies are always trying to exploit any advantage to gain position on their rivals, and crypto offers this whether through faster payments, smart contracts, the lack of national barriers etc... and if the world needs crypto then crypto still has just as bright a future as ever it had. We are just in a market downturn, and once adoption increases and the markets mature and prices of alts start to decouple from bitcoin, then we will start to see that future materialise, which should be reflected in higher prices.

Sometimes I am sad when I see a suggestion that might be misleading and would make someone or a beginner lose. If we actively read and always discuss here, then we will be able to make money in any situation, because I am sure there are still many people who are sincere to guide and help us become successful.

Regardless of all that, there is speculation circulating here, but we must understand that all is just an expectation, that might happen or not. The main thing is I don't want to regret and don't want to miss the next train, because I underestimated crypto currency in the past, so I will prepare it and bring as much supplies as possible.

Everything in the market is purely speculation since people are so hungry of the bullish market to come and yet we might have to suffer another bearish trend again this year. People from 2017 who invested at the top, I don't know if there were some of them left that holding a bag from 2017. Imagine how much losses they have to take while still holding the bag up until now.

The year 2020 is our last chance that we see the bull run again, those forks, ETF and Bakkt aren't doing anything in this situation right now

I do get where you are coming from, early last year, I told someone o invest into the space at the top, and lost almost 99% of his money. I was very bitter with myself and stop telling people about investing into crypto. Concerning trading, I think it is the best short for now to make profit from the space and one need to be very careful not to get carried away and lost the whole portfolio

The only thing what can change this situation right now is evolution and adoption of the blockchain by big and famous companies. This already happens, eg. Facebook is currently looking for "Blockchain Developers". Once such companies start to use the blockchain, the confidence will come back.

I agree with OP. Most predictions are nothing more than an expression of a predictor's desire.
The blockchain technology is immature and this continues.
It is difficult to imagine what can radically change the situation now. No forks, Bakkt, ETF can not change anything.

there's a reason.

if there is no reason for price to go up, it would have been downward all the time now. the spikes could be due to the traders buying every time it dips and also tries to sell at every spikes. so long as there are people trading and businesses accepting crptocurrencies - its a reason good enough.

As for me, market is pretty healthy right now and going through evolution stage - all shitcoins (from total numbers of 2 000 coins on CMC) is dying,
solid projects surviving, growing and developing pretty good. Market cleaning himself from trash.

And we wait, may be this year, Bakkt will work and institutional big money finally will come to crypto. So, now is perfect time to buy; before next bullrun.
We in the deep now.

I am not saying it's a scam, I'm saying it's a technology that has flaws and needs improving, I'm 100% behind where this tech can go just to clear that up.
Hope and optimism are not good ways to make money, I try to switch off emotions when trading and rely on logic and information, if you don't understand a market enough and start calling it a scam you shouldn't of got involved in the first place.

Brother you need to stay positive and hope for a better future always to thrive in financial markets especially crypto. Everyone has seen that from the start crypto has been repeating these bull and bear phases and in every bear phase people called it scam, fraud and useless etc but each time we saw a bigger bull run than ever so will be the case this time around as well.

you are correct about the hyped-up situation of cryptocurrencies from time to time but it all comes down to utilities in the end. when something has them it will continue to rise even if in short term it struggles and if it doesn't then when the hype wears off that thing will simply die with a slow downward spiral.

that is why bitcoin keeps recovering each time it goes down while altcoins get pumped and then their dump is the end of it all.

So a lot of us have these highly optimistic views towards crypto and bitcoin, this is fuelled by nothing more than the desire to make money from something which has had it's day.

First before we go telling new people to buy now can we just stop and think about the impact you would feel if a selfish person gave you bad advice and you ran with it? Now what if a group are telling you? You'll lose complete confidence in the market you're trading on and likely move on with a sour taste.

No one on here has any idea when things will turn and it's all hope and optimism with no basis, we need a reason for things to turn and currently we don't have a reason, the big investors that pushed the price up did so because they had faith in where this technology could go, but sadly 2017 demonstrated a big failure in one of the most important areas being efficiency, if those recall how expensive bitcoin transactions got and how slow they became late 2017 you'll get this point and understand why we crashed, as it is now Bitcoin still has these issues and cannot scale well, we have solutions in the works like lightning network and other altcoins working on scalable solutions, but where it stands now we have no reason to go up, so please stop telling people it's about to change.

It's still not a bad time for beginners to put in a small amount and learn via day trading and research, I recommend doing so..but I do not recommend throwing big money at anything right now.

Myself I'll throw more money in when I see a successful roll out of the lightning network taking place, if we can get past the efficiency issues confidence will grow, I'm still optimistic long term in the tech but we have a bit of a way to go.

I'm sure some will disagree with this but the main point stands, we're being unmoral pushing advice we know isn't true.