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Thread: The Fall Of The Crypto-currency. To Buy Or Escape From The Market?

  1. #1
    Trader Senorita's Avatar
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    The Fall Of The Crypto-currency. To Buy Or Escape From The Market?

    What Is Cryptocurrency?



    A Cryptocurrency can be said to be a digital currency ecrypted to be secure which uses the internet in a cryptography for the process of converting information into uncrackable codes, so as to track every purchases and transfers.

    The ever first cryptocurrency to be developed was Bitcoin. Bitcoin however solved the problem of ensuring we have a secured and anonymous transfers that gave rise to a means of acceptable payments.

    Intrestingly, we have seen other types of cryptocurrencies (such as Ethereum, Ripples, etc) emerged to solve same problems as Bitcoin and with this makes this type currencies attractive to investors who hope for a better high value with time.

    Now for the record, Bitcoin is one popular cryptocurrency many have come to accept because of its high value in recent time.


    The Rise & Fall Of Crypto-currencies



    Seriously Cryptocurrencies such as Bitcoin and Ethereum made lots of investors to become millionaires especially in 2017 through its rise in value in the market. We will agree at a point 1Bitcoin was $500 and we could see the value of 1 Bitcoin reached more than $15000. Ethereum on the other hand was $10 as of 2016 compared to now where its over $1000 worth. Cryptocurrency was a goldmine for smart investors who took the little opportunity to invest in this currency.

    Nevetheless this early 2018 have pose a major frustration to those who are now buying this Cryptocurrencies. The early investors are ones who are still in profits while new investors are now struggling with thier investment because of the current fall more especially with Bitcoin. As of my time writing this article 1Btc is less than $7000 and for investors who bought Bitcoin at its peak of last year of over $15000 will be in a huge loss now. Huh, what a horrible investment i will say for these investors because i Senorita can imagine the level of frustrations and the pain of loosing thier investment.


    What Everybody Ought To Know About The Fall Of Cryptocurrency



    2018 was the year South Korea announces bans on the use of anonymous bank account to make Cryptocurrency transactions. This move was to stop virtual currencies for money laundering activities and crimes too. South Korea was the third biggest market for bitcoin and you could imagine what this news can do to Cryptocurrencies value. So a platform for Cryptocurrency traders was created to link thier wallet to thier bank account which confirms the identity of the owner.

    Secondly, the cryptocurrency market was mostly about speculations and investors who where looking for short term gains. So when the price of cryptocurrencies fell, speculators hurriedly left the market.


    Best Time To Buy And Escape From The Cryptocurrency Market?

    Be it Bitcoin, Ethereum, Ripples or any other cryptocurrencies, one would see that they have suffered a massive loss this early 2018. Prices have indeed dropped and many are still thinking whether its the best time to invest or escape from the market.

    The cryptocurrencies is down by less than 50 percent from its all time value. However, when the market falls more like this, it shows momentum that fall in price is about ending and would present strong opportunities to buy.


    Any Hope About The Cryptocurrency Market?



    Sipping my coffee this evening, with some refreshing mentality, i believe the Cryptocurrency market could recover, however the problem is the speculations surrounding it in a negative way and the influence which government could try to go against it. Nevetheless some Investors still believe there is much more to reap from this Cryptocurrencies and advanced investors are spreading thier investments to promising cryptocurrencies.


    My Conclusion



    Its been a great article about the fall of cryptocurrencies and i think the best investors can do is to risk what they could afford to loose. Every financial market comes with its risk and ability to invest wisely is necessary. I believe fundamentals plays a huge role in the Cryptocurrency market and we must equip ourselves with it often. We cant deny the fact that this currencies have made so many millionaires in a short time but now we have also seen decline about this currencies cause huge loss also. Lastly, lets expect rise and fall in every market and plan our entry and exit points.
    Thanks readers for your time, my coffee is finished and i might be tempted to get some more. lol Catch you guys another time.

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  2. #11
    Trader Silhouette's Avatar
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    Quote Originally Posted by mehdiitim View Post
    In my opinion , investment in cryptocurrencies is a little late , the real investment was back in some years ago , when the prices were rising constantly , for example in the end of 2012 , 1 bitcoin = about 10 to 20$ and in 2017 it reached about 19k $ !!! that was insane , so who bought some bitcoins in 2012 and sold it in 2017 should be millionaire , but now the market is very dangerous , specially when facebook banned cryptocurrencies and the social media is taking a step toward it ...
    Most business people were already afraid of its unexpected increase since 2017 and assumed that Bitcoin has no longer attractive and promising coin to invest. This isn't coming from my only opinion but let's us see with the chart of Bitcoin, the price hard to go up to reach at least more than 15k USD like what it did in 2017 because the euphoria's over and people start to think rationally now.

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  3. #12
    Trader Senorita's Avatar
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    Quote Originally Posted by Silhouette View Post
    Most business people were already afraid of its unexpected increase since 2017 and assumed that Bitcoin has no longer attractive and promising coin to invest. This isn't coming from my only opinion but let's us see with the chart of Bitcoin, the price hard to go up to reach at least more than 15k USD like what it did in 2017 because the euphoria's over and people start to think rationally now.
    Now some investors are scared seeing now this crptocurrency is now on a stable direction unlike 2017 when it was tremendously rising every day. It made lot of people millionaires and now it have reduce some investors money by half or so. The early investors on Bitcoin are the real winners and it hard to believe if this coin would reach the 15000$ mark again. Lots of negative news came out this year as regarding cryptocurrencies and so this have a huge effect on interested investors.

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  4. #13
    Trader Obaforex's Avatar
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    In my opinion I think better days are ahead for cryptocurrencies, this is because I think most people or investors would actually prefer currencies like this for handling transaction although with better securities which should be achieved over time. So in my opinion I think buying every dip below $4000 is a very good and attractive investment and over the years we may see bitcoin in particular hit as high as above $50000.

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  5. #14
    Trader ara's Avatar
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    Is this a good time to buy bitcoin?



    I have closed all my long positions for bitcoin last week because I feel uncomfortable with many of my trading positions in other pairs (currencies). But it's not bad to decide to buy bitcoin now. Meanwhile I prefer to waiting for buy another cryptocurrency instead of buying btc.

    I see there are two instruments index of cryptocurrencies in roboforex,



    Does anyone know what the difference of both?

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  6. #15
    Trader musiliu's Avatar
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    if there is a fall in cryptocurrency, a short position or staying out is the best, cryptocurrency are being hit by the governments who aim to regulate the industry many analyst are also predicting a bubble and that means cryptocurrency may crash if there are right. though a crash in cryptocurrency will not be the end, the will still exit but a lot of less popular cryptocurrency will disappeared,

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  7. #16
    Trader Yayami's Avatar
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    Quote Originally Posted by musiliu View Post
    if there is a fall in cryptocurrency, a short position or staying out is the best, cryptocurrency are being hit by the governments who aim to regulate the industry many analyst are also predicting a bubble and that means cryptocurrency may crash if there are right. though a crash in cryptocurrency will not be the end, the will still exit but a lot of less popular cryptocurrency will disappeared,
    for people who already involved in the cryptocurrency business it's best to take short as our only position to trade until market has running out of its price to zero. maybe it's still our imagination to see crypto market is falling down because nowadays we see them has stable transactions amount and many other new coins has been released as well which reduce its failure lower.

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  8. #17
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    I read the various analytics about crypto currencies. They say that now is the moment 50/50 that crypto currencies will rise or fall. Using my logic crypto currencies should rise during the next 3 months till 2017 highs or such trials should be to lift the currencies. But if we do not have such attemts this autumn so there should be the new and big lows. What do you think about current situation?

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  9. #18
    Trader snnaky's Avatar
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    I didnt try this type of Commerce, only on the experimental account but may be i did not love it because it does not depend on the usual rules of buying and selling. And i think that this is kind of gambling and I don't like this type of trade ,
    I love to sell and buy according to technical rules, this is what I understand only

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  10. #19
    Trader elghina's Avatar
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    Actually that in every crypto currency gives chance to us to gotta profit in every our trading. Not only in major crypto currency but in another crypto currency. What we must to concern this is price at every crypto currency. Everyone is knowing that crypto currency so volatility. Volatility this because we know that in crypto currency every one can to sell and but their coin and can too for mining coin. Whoever who is not get risky in trading , they can to mining coin using their computer. Although mining Bitcoin is not easy too for now. Because algorithm of mining be hardly for now. Because every one and big corporate too, special corporation in technology , they are mining too.

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  11. #20
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    In the present days of technical advancement, many crypto currencies are present in the market and many traders are effectively earning good money from crypto currency trading at present. But I personally think that the obsession for the crypto currencies has been somehow reduced in the last few months and for this reason, we have already seen that many crypto currencies like BTC, Etherum, etc. have faced value decrease at present.

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