Bitcoin: HODLing and Beyond During Bitcoin's Weakest Q1 in History
Bitcoin community and developer's support remains strong despite global panics as Bitcoin dips to its baseline (Read more)
On average, bitcoin prices have lost 45 percent to 50 percent of their value in each bearish wave, which Shah said is similar to Nasdaq's behavior 18 years ago.
"The Nasdaq's bear market from 2000 had five price declines, averaging a surprisingly similar amount of 44 percent," Shah said.
Source: CNBC
Bull and Bear Markets are a common sight
Bull and Bear markets happen all the time in stock prices and historical records show rebounds of the stock markets after major 'crashes'. They are largely affected by global events such as War, Oil scarcity, Economic turmoil and the dot-com bubble. As cryptocurrencies and stock-based products gain more popularity mainstream, many are unaware of the volatility of such markets. If you are new to stock markets and trading, such "roller coaster" charts will shock the hell out of you. You are not buying bonds. You are not getting fixed interests from the bank. You are a small fish in the big sea and when two sharks fight, you might get collateral damage.
According to Jordan Hiscott, chief trader at Ayondo markets, a brokerage in The City of London, an individual known as the "Tokyo Whale", already sold around $400 million worth of both Bitcoin and Bitcoin Cash, he is likely the main catalyst for this year’s move down.”
Source: Forbes
HODLing and Beyond
Smart investment decisions take into account the risks and profits. When buying cryptocurrency, you should have already thought of what proportion of the investment will be lost if prices go down (risks)? Also how much gains are projected to be made. I feel that HODLing is a passive way to manage your cryptocurrencies. The active way is to constantly look out for new alternate coins and their value. Since Bitcoin and other cryptocurrencies are well correlated in terms of their market movements, look for alternative coins that are gaining or losing more value when compared to Bitcoin. In that way, we can actively minimize loses and maximize our gains.
Bitcoin's price fluctuations now are just the tip of the iceberg.
-tysler
All images used are under the CC0 license.
That's why people shouldn't be so quick to sell! If you want money but still want to keep your crypto, take a crypto-backed loan with us.
Bear market might not be over, but certainly i am buying these levels.
Everybody who use the Internet Need the BITCOINs because is it a Safety Money transfer
Bitcoin's price will go up. Why? Because the world needs Bitcoin. This is explained in detail within this article on Bitcoin vs Bitcoin Cash. We must understand why Bitcoin was created if we are to grasp its value.
https://steemit.com/bitcoin/@workin2005/bitcoin-btc-vs-bitcoin-cash-bch-the-great-block-size-debate
Yes you are right!
The world does not need bitcoin, in fact the world doesn't even need humanity. Bitcoin with the difficulty going up and the mining pools created as result of it, the huge investments needed for mining and the early adopters hoarding tons of it it's effectively not as decentralized as you might think.
Could you please elaborate a little more with your consideration of proof of stake?
Thanks
Sorry, I expressed myself wrongly. What I wanted to tell is that If you have a lot of bitcoins or computing power, you can influence the network significantly. There are a couple of influencers and they can basically do whatever they want to maximize their profits, and that is what the world already has and don't need anymore.
I noticed you editied your comment to remove "Proof of Stake". How does owning a lot of bitcoins "influence" the "network"? I can only assume you're talking about the technical aspect of the bitcoin blockchain and to the trading for profit part of it? no one if forced to "trade" bitcoin. With regards to minining pool centralization, are you for example, reffering to the chances of transaction mutability because of a 51% attack? what is the problem with a mining pool getting more rewards for making the network more secure? I would like you to be a little more detailed if possible rather than posting these comments.
By owning a lot of bitcoins you can influence the price of bitcoins and proof of stake rewards you proportionaly more. My concern was about plutocratic centralization and not a technical one, the effects can be the same though which I wrote, but edited it to prevent further misunderstandings. A monetary centralization can also lead to a 51% attack, imagine Satoshi selling a significant part of his stake, with one transaction he could drive a lot of miners out of business and buy up their infrastructure for cheap.
I get your point, your scenario is in a world where fiat is still king and bitcoin is a mere traded commodity. in your scenario, do you envision that miners will instantly stop mining the second that satoshi's address shows sign of movement that indicates liquidation? You really need to be more detailed rather than making brief open ended comments. There are a lot of people reading.
It was an example, there are a lot of people who can dump all their bitcoins at once and make bitcoin crash to a point when power costs will exceed the worth of the mined bitcoins. If someone offers you then a fraction of your investment for your infrastructure it could be seductice to cut your losses. I'm just pointing at a possible scenario. Of course its open ended, that is the nature of talking about theoretical future events, like your open ended comment about the mutability of a 51% attack and this whole article ;)
FollowBack every day 100%
Very detailed article you have there, it is a good read :) thanks
Thank you....appreciate your feedback. I enjoy your articles as well. Very informative.
Bitcoin has fallen more than 80% from peak to trough 5 seperate times. There will be a 6th and this is it. A full reset before the path to $500k begins...
https://steemit.com/bitcoin/@heyimsnuffles/bitcoin-has-worst-quarter-ever-lmao-asshats-from-cnbc
This is how I see it based on the insane profits that was generated by cryptocurrencies especially bitcoin between December and January.Investors would be looking for a repeat of the incidence so they are silently buying it up and hodling until there is an upward trend that is certain to come.As for Altcoins. am sticking with steem for now.
Why don't we all just forget the value in fiat and prepare for when the world is instead priced in crypto. Less worries.
Wee should see better prices and bull run before Consensus 2018 in NYC.
Bitcoin can only go down by so much until smart money and institutions come flooding in. They are most probably pushing price down in CME Futures to ensure they get a better entry price. The price of Bitcoin is also getting very close to it's cost of production so price should rise in the near future...
Look for price to retest $6000 which will be a key level. Price bounced off this level in Feb. and eventually went to $12K. Also back in Nov 2017, this level was the origin that caused price to go out to $20k. But we need to break daily trend line and buyers need to take out the sellers at $8000 & $8500 (green rectangles) before I'm convinced price wants to move higher.
Power
The main thing is not to miss the rebound.
good articles go ahead to succeed
Litecoin not helping at all go a check https://litepal.io/ it should be ready 2 days ago now they even turn off website so litepay is a scam and litepal going to be scam so sad.
When you check who sells and who buys coins, then it is very clear that big wallet buys and small wallets sell...Choose your side!