The prevailing market condition a blessing?

deisik

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Quote from: buwaytress on March 23, 2019, 10:04:44 AM

It's always a bit weird for me to consider when people talk about high coin prices when Bitcoin can be bought in fractions many times lower than a (US) cent. It's never mattered at which price, you buy what you can. At a theoretical $1 million BTC (which has been theorised by several hyperBitcoinists, least of them the infamous McAfee) would mean most people couldn't afford 1 entire Bitcoin anyway

I'm afraid there's more to it than you think

First off, you can't actually buy less than a certain amount of Bitcoin. For example, at Bitfinex the minimum you can buy is 0.004 BTC at the moment which amounts to approximately 16 dollars at current prices. Indeed, the world doesn't end (or start) at Bitfinex (though things are not a lot better at other places), but then there's another catch with Bitcoin fees (which may well be a catch-22). These fees are definitely higher than a US cent (let alone many times lower than that). In this manner, even if Bitcoin is infinitely divisible per se, the transaction fees make smaller purchases impractical down to outright impossible, with the implication being that it is in fact a question of affordable

Hannahanto

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Quote from: Malsetid on March 27, 2019, 01:11:50 PM

Quote from: avarnet on March 27, 2019, 12:20:49 PM

the current market situation is good enough for daily traders because the coins have started to keep rising prices so traders can get results even though they are not too big value

No i think it's better for long time holders than dsy traders. You can see that even if the market moves upward, the difference isn't that much. It's a blessing for those people who missed cheap coins a year or two ago and is now getting a chance to buy at low prices. Still it's for a long term holding.

Exactly. The difference is less and obvioulsy can not gain more profits with less investment. But as a day trader, i would say, for an example, buy minimum 10 ETH and do a day trading. Even if the day begins with ETH's value $135 and goes up to $135 lest say, try to come out and get in for few times. I would say, certainly you can gain upto $30 profit a day which is seriously a good amount. Try it out. Long term investment obviously yes a good idea to go with.

Malsetid

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Quote from: avarnet on March 27, 2019, 12:20:49 PM

the current market situation is good enough for daily traders because the coins have started to keep rising prices so traders can get results even though they are not too big value

No i think it's better for long time holders than dsy traders. You can see that even if the market moves upward, the difference isn't that much. It's a blessing for those people who missed cheap coins a year or two ago and is now getting a chance to buy at low prices. Still it's for a long term holding.

Tagus45

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That is true, but at low prices it does not directly make investors interested in adopting crypto currencies, and I think they are full of consideration before deciding on a choice, and they may be more interested in adopting it when the market shows recovery.

avarnet

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the current market situation is good enough for daily traders because the coins have started to keep rising prices so traders can get results even though they are not too big value

futile-resistance

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Quote from: jrrsparkles on March 26, 2019, 06:41:57 AM

Quote from: Annalise24 on March 23, 2019, 02:21:42 AM

Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?

Not really,

We can't say that people will invest on crypto currencies when the market is bearish because their hope on the crypto is to make money so they are not going to make profits until it keeps in bearish mode so we can see more investors at the bull run when compared to bear run.

I think the best thing for anyone who wants to make instant money from cryptocurrency would be to trade or lend to those who trade and if they can’t it is advisable to buy and wait for a long time. Bearish market is the best time to buy Bitcoin then wait till bull run. I can attest to the fact that this bear market is a blessing in disguise.

In 2017 I really wanted to own a bitcoin but because it was high then I had to wait. Prior to last month I got more than I would have gotten and I am willing to wait for it to rise. So, bear market gives us the opportunity to buy more bitcoins at lower prices and then sell higher at prices during the bull run.

jrrsparkles

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Quote from: Fredomago on March 26, 2019, 10:42:39 AM

Quote from: jrrsparkles on March 26, 2019, 06:41:57 AM

Quote from: Annalise24 on March 23, 2019, 02:21:42 AM

Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?

Not really,

We can't say that people will invest on crypto currencies when the market is bearish because their hope on the crypto is to make money so they are not going to make profits until it keeps in bearish mode so we can see more investors at the bull run when compared to bear run.

If they will not understand anything about this investment / market, then they will not take any chances to invest, the bearish market will mostly
send them away as they don't know what they are doing, but for those who understand it's really a good options for them.

Its for the people who want to make profits since it is just a common thing we need to remember that when we want profits we need to buy them at low and sell them at high.So currently the price is low so who want to get profits then it is the time for you to act.

andika2018

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Quote from: imstillthebest on March 26, 2019, 10:00:05 PM

Quote from: carlfebz2 on March 26, 2019, 04:57:44 PM

Quote from: Netnox on March 26, 2019, 12:33:01 PM

This post makes no sense. How can you say that earlier they were not affordable, and now all of a sudden the situation has been reversed? All the cryptos are infinitely divisible. So the question of affordability does not arise.

It do still counts because if you do try to compared the price on ATH and compared to this moment the price difference is too huge and basing on average persons capacity when it comes to investment
can really possibly give out chances for them to buy cheaper or enter to these levels.

that if we will only based on the cryptos ath's but if we will based on the starting price of cryptos we can clearly see that they are all afordable before than compare to thier current price today , that is because the demand or the adoption that time is not yet huge when compare to the demand today because cryptos are really quite popular .

every kind of market condition ( dumped or pumped ) both are a belessing because we all can buy cryptos at dump and we all can sell when cryptos are pumping .

Agree, its a blessing for us because we can buying more or accumulating coin at cheaper price. Mass adoption not about the price and i think its about technology and regulation. In bearish condition, we gain experience how market move and fluctuating.

maydna

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I think if people want to invest in crypto, they can do in this year because the price is back to the low price. And for people who cannot invest in 2017, of course, this year will bring them a chance to invest in many coins. But perhaps, they already did in the last year because I think the very low price is happening in the last year.

Besides that, I think this year will be a good time to see the adoption will continue, many news talks about crypto, and it will attract more people to come into crypto itself. This will bring benefits to crypto because with so many news in out there, good or bad news, and people will still come to the crypto so crypto can grow more in the next year. Perhaps, we will see an exploding of the cryptocurrency after the middle of the year, and once it happens, it will give a chance for the price to start the rally.

Robotbitcoin22

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we can get learning when things like this are happening now, this is where we will get experiences that are indeed invaluable, we will get many new things when market changes occur

imstillthebest

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Quote from: carlfebz2 on March 26, 2019, 04:57:44 PM

Quote from: Netnox on March 26, 2019, 12:33:01 PM

This post makes no sense. How can you say that earlier they were not affordable, and now all of a sudden the situation has been reversed? All the cryptos are infinitely divisible. So the question of affordability does not arise.

It do still counts because if you do try to compared the price on ATH and compared to this moment the price difference is too huge and basing on average persons capacity when it comes to investment
can really possibly give out chances for them to buy cheaper or enter to these levels.

that if we will only based on the cryptos ath's but if we will based on the starting price of cryptos we can clearly see that they are all afordable before than compare to thier current price today , that is because the demand or the adoption that time is not yet huge when compare to the demand today because cryptos are really quite popular .

every kind of market condition ( dumped or pumped ) both are a belessing because we all can buy cryptos at dump and we all can sell when cryptos are pumping .

tonyja2017

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Quote from: Annalise24 on March 23, 2019, 02:21:42 AM

Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?

yes, that is true. Because the price of altcoins has returned to their actual prices and there is no reason businesses do not want to cooperate with electronic money businesses. Low cost, technology will also be cheap.
This is a great opportunity to use blockchain around the world at a low cost.

carlfebz2

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Quote from: Netnox on March 26, 2019, 12:33:01 PM

This post makes no sense. How can you say that earlier they were not affordable, and now all of a sudden the situation has been reversed? All the cryptos are infinitely divisible. So the question of affordability does not arise.

It do still counts because if you do try to compared the price on ATH and compared to this moment the price difference is too huge and basing on average persons capacity when it comes to investment
can really possibly give out chances for them to buy cheaper or enter to these levels.

arpon11

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When bitcoin was getting pumped in 2017, many newbies were confused and many of them see bitcoin as too expensive to invest in. Some were afraid of buying a whole bitcoin at $20,000 or $17,000 and if it get dump it might affect there fund and since it is new they may lose all their investments. However, now bitcoin is too cheap compared to then and that is a kind of blessings to those that could not afford it last two years. With ten thousand dollars one can easily buy 2.9 bitcoin and if you can hold it for long term that is huge money for you when bitcoin started rrecovery.

Netnox

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This post makes no sense. How can you say that earlier they were not affordable, and now all of a sudden the situation has been reversed? All the cryptos are infinitely divisible. So the question of affordability does not arise.

Fredomago

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Quote from: jrrsparkles on March 26, 2019, 06:41:57 AM

Quote from: Annalise24 on March 23, 2019, 02:21:42 AM

Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?

Not really,

We can't say that people will invest on crypto currencies when the market is bearish because their hope on the crypto is to make money so they are not going to make profits until it keeps in bearish mode so we can see more investors at the bull run when compared to bear run.

If they will not understand anything about this investment / market, then they will not take any chances to invest, the bearish market will mostly
send them away as they don't know what they are doing, but for those who understand it's really a good options for them.

michellee

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Quote from: Aldrinx00 on March 25, 2019, 10:18:47 PM

Well we can always buy a portion of cryptocurrency that we want and i think this bear market is truly a blessing because we can buy more in a lower price compare to that higher price in 2017. Best thing to do now is to accumulate then just hold and wait for the bullrun.

That will be a big chance for us to buy so many coins in this year, but I think the best opportunity for us to buy the coin is from the last year. I see that in the last year, the price is down too deep although now the price can increase for a small price so we could still buy at a low price. As long as we can choose the right coin, we will get a chance to make a big profit in the bull run.

jrrsparkles

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Quote from: Annalise24 on March 23, 2019, 02:21:42 AM

Prior to 2018 , the prices of most coins are very high and so not affordable .
Which I believe could have discouraged potential investors from investing into cryptosphere.
Now that the market is bearish which has seen the price of most of these coins low and affordable and with this, it is expected that those who couldn't invest in 2017 are investing now.
So can we say that the bearish market drives adoption of Cryptocurrency?
Is it a blessing to cryptosphere?

Not really,

We can't say that people will invest on crypto currencies when the market is bearish because their hope on the crypto is to make money so they are not going to make profits until it keeps in bearish mode so we can see more investors at the bull run when compared to bear run.

TheCoinGrabber

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Couldn't care less about alts. But yes, the pricing makes it more affordable to buy bitcoins. Only problem is that the lower price is also scaring away some people but then again, everything have risks. More bitcoins for believers I suppose. If you risked buying when everyone think it's sinking, you can consider it a "reward" if you were proven right.

Aldrinx00

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Well we can always buy a portion of cryptocurrency that we want and i think this bear market is truly a blessing because we can buy more in a lower price compare to that higher price in 2017. Best thing to do now is to accumulate then just hold and wait for the bullrun.

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