Topic: The market looks boring 2019 - page 8. (Read 1342 times)

I understand how you feel mate, and relating to your sentiment right now I can also figure it out. My holding also was having slow increase and in fact the market was really having bad movements right now. However I am still positive that we will experience good market soon, but for now it's an impossible thing to happen yet. We need to have more patience to maximum tolerance in order to achieve our goals, because dumping our asset is showing our weakness without facing struggles.

Sure, but why does that matter? That's when you stop shorting.

You'll always lose some trades (like longs near the top and shorts near the bottom). But as long as you follow the mantra "the trend is your friend" and properly manage your risk, I wouldn't call it gambling.

We can only hope for that

On a less optimistic note, though, we should not forget that the market was also kind of boring just a couple months ago when Bitcoin had been trading in the 6000-7000 range long enough. I didn't follow the forum very closely back then (though I closely followed the price), so I don't know what people had been complaining about at the time

But I'm strongly inclined to think that they were also feeling bored. And I also inevitably come to think that these two groups of people, i.e. bored then and bored now, are not quite the same, with the bottom line being that this feeling may in fact be not a bad idea after all if it comes to stay

Every January the market has been behaving like this and we are not to invest based on how market move at this moment but on what the future hold for us.  Those that buy early 2017 are in money at December the same year and I seriously think the same thing is going to happen this year.

Already in 2019 and the market looks boring. Just get a life outside crypto-verse and light it up with real life enjoyment/engagement. Forget about taking profit, buying the dip, losing of investment or shorting. Just have a reflection on other things. Know that you will be welcome back when the market party starts.

I think to get results it is not easy, it takes patience and also the struggle to maintain confidence in crypto, and if we can do it, a big result will be obtained. The crypto market will not be forever bad, but will be able to recover and provide good results.

We are just starting of this year and you already given up some conclusions that we are already a boring year.The difference now on where fundamentals or news doesn't really gave much affect on market prices.
Theres BAKKT and ETF but it seems the market doesn't really react at all.I actually laugh into those persons being mentioned. They are really a joke. Did we forget something?

I’m glad the market is boring with low volatility, it gives us lots of time to accumulate. Use this period to load up as many bitcoin’s as you can.

Once in a lifetime opportunity.

My bitcoin and altcoins investment have also dropped a lot in its values too, but since I have already hold on to my crypto-currencies investment for more than one year now, I do not think it would be logical for me to sell all of it away in this bearish market, I would just wait patiently for this whole bear market to end.

To sum it up, merchants are not a limiting factor here

Indeed, if they flat-out refuse to accept Bitcoin, there won't be mass adoption of this cryptocurrency as a means of payment. But people only see what is right before their eyes, but they fail to see the real culprit in this matter. If people wanted to pay with Bitcoin en masse, I can't find even a single reason (apart from legal ones, of course) why merchants wouldn't want to accept Bitcoin, especially when all the infrastructure needed is already there. It simply doesn't make sense. And in such circumstances we have no other choice but to conclude there is no demand from consumers

I lost more than 50%  of what ive invested since last year, and it keeps on losing this year. I dont know how far i can hold this, im pissed off and ready to sell my holdings anytime in this boring market.

You are right that market is looking boring as the invested amount is decreasing day by day, But.... no one knows the future. No one has predicted the price of 20K$ in starting of 2017. Price touched so quickly beyond everybody's prediction / expectation.

Wait for the good time. I am also waiting to become interesting from this actual boring time.

You see, your logic is flawed at the very beginning (just in case, you can't be speculating and holding your coins)

There's more than zero reason to use LN even if you are simply holding the coins provided using LN is safe, secure and straightforward. How come? Holders are likely the ones who are in fact strongly interested in organic growth of Bitcoin as speculators are mostly interested in volatility. The latter don't particularly care if Bitcoin goes up or down provided its price action is strong enough to give them the level of price change they are looking for

Holders, on the other hand, will most certainly be using their coins as a payment vehicle in LN specifically because they are not going to spend them. First on, this is what gives Bitcoin value as a means of exchange, i.e. exactly what they are looking for (organic growth). And second off, however small, it is still passive earning any way look at it. Well, maybe not so passive, but you get the point. Maybe, there are other reasons as well

well, the market is very boring this year, big whales are still playing with prices. I don't understand what they want, but they frustrate many investors. I don't want to say this, but it's really boring.

i think he's right about the cart-and-horse problem. merchants can already get irreversibility of payments and low payment processing costs by using bitcoin. the reason merchant adoption has lagged so much is because there is a lack of demand from consumers to spend bitcoin. i don't think amazon accepting bitcoin or LN would fundamentally change that. the real problem is that bitcoiners don't want to spend their coins. they want to hold them......

Almost more than half of market participants are here for gain profit,so no need to wear a mask. Bitcoin is not suitable for being "Peer-to-Peer Currency" and there are dozens of alternative cryptocurrencies which can fit more effectively for this "position". Only 3 percent of Americans have idea about cryptocurrencies if I am not mistaken. Imagine this numbers are increased more than 50%

I disagree. LN will help merchants which is the main reason they will adopt it.

First off, only hard core bitcoiners are going to put coins on the LN if they can't spend those coins. There is zero reason to use the LN if you're just speculating and holding your coins. The reason to use LN is to spend your money, if merchant adoption isn't there 99% of Bitcoin owners won't bother putting coins on LN because there would be no reason to. LN will obviously continue to grow among people who are really into Bitcoin, and as more people get really into Bitcoin they will add to the LN, but your average person isn't going to get on there until they can use their profits to directly buy stuff on Amazon or whatever from the LN. Take me, for instance, I'm very much looking forward to the proliferation of LN use and the future of Bitcoin and I've bought and sold bitcoin since late-2013, but I won't bother trying out the LN until I can actually use it - which means there are some merchants I shop at who have LN payments set up. So I certainly wouldn't expect somebody who has some bitcoin but barely knows anything about it to put their bitcoin on LN until they see a LN/BTC button on Amazon and realize they can directly spend all the profit they've made.

LN will grow somewhat without big merchants, but mass adoption of it among the bitcoin community won't happen until many merchants come in. Because LN is not as good as Venmo for paying friends, and not as safe as normal Bitcoin wallets for storing Bitcoin, its major use case is spending money online in lieu of credit cards (as well as stuff like micropayments).

LN absolutely helps merchants because they get more money since they don't have to pay credit card fees. That makes a real difference to merchants. There is no one side of the transaction that LN should help and the other side it won't help. LN will help consumers spend their bitcoin without high fees and with instant processing, and it helps merchants achieve higher profits due to lack of fees, plus they don't have to wait for the money to move through the traditional financial system but instead they have access to the money immediately as long as they want to spend it on the LN, or however long some bitcoin to fiat conversion thing like bitpay or whatever takes to give them money (which i suppose would probably still take as long as legacy payments since it goes through the financial system).

Basically I think LN adoption will remain low but steadily growing until Amazon or a bunch of other significant merchants setup LN payments, at which point it can finally spread to everyone. You have to give people a reason to use LN, it just existing isn't reason enough.

Thanks for not having me explain to you all this

Though I can't agree about merchants as it is not about merchants at all. The consensus here and elsewhere seems to be that the adoption actually depends on merchants and their intention to accept cryptopayments. This, in my view, is a typical example of the so-called cart-and-horse problem, which boils down to confusing cause and effect. In this case specifically, adoption doesn't depend on merchants as it mostly, if not to say entirely, depends on consumers and their desire to spend their precious coins

Really, what merchant in his right mind would refuse to accept Bitcoin if there were such demand, i.e. people willing to pay in crypto? Indeed, there are some folks in the cryptospace ready to shell out and spend their coins without much ado, but if we cut the crap, most are here exclusively for fiat gains. They are using crypto as a vehicle for speculation, not as a means of payment. The bottom line is that LN on its own won't help merchants much because it is not them who should be helped in the first place

'' Your deposit should be as much as you can risk ''. In my opinion you are gonna be more successful when you try to trade with this way. Otherwise, your psychology will lead to loss and regret. You can give yourself the right decision right now, there is no one to know your situation better than you. Maybe it is better to withdraw some of amount.

Yeah, but my point is there will never be a day when they announce it is officially ready to use. They've even said this, I remember LN developers saying this early last year, there will be no declaration of being production-ready.

It will continuously be in development, gaining features and become safer and easier to use. Once it has enough features and safe and friendly enough wallets so that it can be used by the average person with essentially no technical knowledge of bitcoin and LN then it could be considered ready for mass use, but that won't be a certain day in the future with some official production-ready announcement, it'll just gradually happen and more and more people will jump on board. It's on the mainnet, it can be used by anyone, and over time it will get easier to use. There's no release version in which it will move from beta to production-ready.

But anyway, I get your point that when its safe and easy enough for the average person that'll be huge and hopefully once merchants find it easy to use they will start adding it as a payment method. LN will only take off once major merchants adopt it.