With all the crashing that the price of BTC has been doing over the last few weeks, many have taken a hit. Or a maybe more of a blow. Looking at the market trend (and the HODL community in general,) the wisdom is to hold on to the coin and know that it will go up. But if it doesn’t… what then? Others would suggest caution: cash out some of your money while you still have it and hedge your bets.
BUT if that’s the wise choice (to cash out into fiat) then WHAT after all the debates, is the REAL value of crypto? If in the end it only really matters what you can sell it for in fiat, then does it really have value? Are there really Crypto Millionaires?
When currency is traded like assets instead of used for transactions, is it really a currency at all?
I think, the real value of crypto will be decided by the value they bring to the humankind. BItcoin is an exception, but slowly you can observe the trend is changing. It will no more be considered an asset going forward, may be after 1-2 years, if it does not bring any value behind it.
Only people feeling the "crash" are those who got in in the past few months...
Personally I got in around 2015 and had a plan to hodl until 2020 and 2024 before thinking about selling....
I am still hodling my Charizard from when I was a kid so fuck yea I will hodl my bitcoin for a while
If every one starts selling bitcoin then the bitcoin market is surely going down.We have to be cautious with our every steps.If every one starts selling bitcoin then it will make a panic situation.Then the entire market will be damaged.Crypto currency should be involve in different kinds of trade unless it will tough for crypto to survive.Thanks for the post.
Here’s my strategy that can keep your heart rate down, while also giving you a good chance to make some money on one of the most important days of the month for cryptocurrency: Baby Buys. Buy $50 of your target(s) at a price you like. I will use myself as an example. Whenever I see a 12 handle on Bitcoin, that is an automatic extra pocket change buy. If it goes to 10,000, hey, I bet a steak dinner on it and I will have to wait (maybe forever) to get my money back. Always keep speckling money in at prices you like. Trust yourself to know a good price for a $50 investment. Keep checking back. If it’s going up, good! If it’s going down, even better! Add to your position. This is not a strategy to use on non-functioning businesses. I don’t know how people invest in those, so ask them.The currencies that you are baby buying are also ones that hopefully have a future in making money from large volumes of people and businesses using their block chain road. That is the reason everyone is in the market. Not at full capacity 3 weeks from now. We need to focus on governments setting parameters before we really see the prices that we early adopters like and deserve. So, in this article, you are not hearing about baby sells. There are none. Keep what you have and hold on for dear life. This will, undoubtedly, be a bumpy ride.Before you buy even one coin, always make sure you know what your exit plan is and don’t invest anything you can’t afford to loose.
Money you cash out into flat is money you should have never put into crypto or if its money from crypto gaining, which you should have cashed out when high peak. Cashing out "small" amounts of money in flat (like 1%) when you are a crypto millionaire and you need fiat to buy smth. Thats ok but if you cash out 40% because of fear or uncertainty you can only lose. It's the same as if you are NewB and buy high sell low out of FUD... You are a HODLer or you are a FUDler if you are new you are mostly a FUDler losing and learning, if you are advanced you will hodl more and longer and inform yourself, if you are listening to
... you may be advanced but still more a FUDler then a HODLer and still need to make this mistake to learn to HODL no matter what others say.
BTC dominance measures the relative value of Bitcoin compared to all other altcoins and tokens combined. It is a ratio expressed as a percentage. For example '80%' BTC dominance means that Bitcoin holds 80% of all the value in cryptocurrencies, whilst alternative coins represent 20% of that total value.
For as long as I've been monitoring it (basically when coinmarketcap.com started including it on their site) the value for this metric has been maintained at over 80%, typically averaging ~82% with a surprisingly low level of deviation from that average. This lack of volatility compared to price volatility suggests to me that there is something important at play
%20price%2C%20charts%2C%20market%20cap%2C%20and%20other%20metrics%20CoinMarketCap.png)
Using it as an asset will give you profit in the future maybe when you become old...transacting the money and living the life for the moment is something different ...
In each case a person always gets benefit ...
In my opinion it is better to keep the money as such because it is not the money you badly want for your living .you have other resources too to get your living but to keep your money as an asset for the future when ever you need it is the better option...whenever you want to get into business deals ....
No memes today , i was hoping to get into the contest today for a win..😜
Bitcoin is becoming more like an asset with the added advantage that it can be used as payment on the blockchain. Given that the miner fees are so high, people have been opting for other currencies to do transactions. In the future, Bitcoin will probably be used for things like real estate and buying a car. Recent volatility has put people off but I think things will stabilize very soon.
Cryptocurrencies were meant to be anonymous & decentralized currencies, but they aren't. Over the last couple of years, it has become obvious to anyone without an entirely blind vision that the value of cryptos currently only consists out of speculation.
I hate to say it (or do I?), but the majority of the cryptocurrencies is in a bubble... And it's simply a matter of time till it bursts. No one knows when, where or how, but people with a brain know it's gonna happen.
A more positive side to this, though, is that this will leave the useful Cryptocurrencies that weren't so insanely overvalued due to pure speculation to rise up & shine in the spotlight. It's these Cryptocurrencies that will gain more attention, show the use of Blockchain technology further & regain the trust of the masses.
Only when the bubble bursts, can Blockchain technology be widely adopted. Sometimes, sacrifices must be made for the greater good.
Nice article, thanks for sharing. I've smashed the like button for you!
If you are looking to get hold of some crypto without investing or mining, look into https://www.crowdholding.com. They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
great post about bitcoin. i have never seen this kind of details post about bitcoin. also thanks sir for sharing the bitcoin prices history. i think in the end of 2018 bitcoin will hit 30000$ or more.
is not the price of a crypto a mere agreement? in my opinion there will be no crypto milioner, because the price of crypto is uncertain .. when one has millions of crypto, but when the price goes down there is no value at all.
Recently cryptocurrency market was to down I hope it will be fixed as soon as possible I want to invest some money here but now market was so down that's why I didn't interested to invest some money I hope I will try to invest those money after 3 months. Many of social media will be telecast from news that cryptocurrency was now to biggest higher position in this world but I hope it will be continue her way and they will be given such a nice currency market in this world I have Bitcoin and cryptocurrency was too much lower down and the eat that's why I will be try to some money invest in this some passed away that I will be try to invest money after 3 months and I will go to invest Goswami on advertising and others site I hope cryptocurrency market was slowly up in this moment and I will be try to be as soon as possible to invest this money on cryptocurrency.
If you want to invest money, now's the time
But I think market was to down now that's why I am didn't interested to invest my money on there but as you say I will try to invest my money on this market I just check it.
No man, I'm just saying what I think is best.
You need to research properly before you invest
Now the cryptocurrency market is somewhat better than before, which looks very good to us, hopefully cryptocurrency is something like this in our gift.
Hopefully the cryptocurrency market will go to such a great place and we will get a better amount of this.
nice post
great post ,good information , please follow me @jaffer ,chinese. can we make friends？
this is very informative blog .thanks to you for sharing..i praise
you..
Carry on
can you sell some steem to me?
It depends on your own circumstances. If you have fiat debts you'd like to clear then cashing some out to make your life better in the immediate is fantastic. If you believe in the tech, and want to be part of something special then holding could be the best option. I believe we are quite far away from mass adoption at the moment, and that would be a time where you'd see more people using cryptocurrency as everyday currency.
For me personally, I am holding on to my investments as I don't trust myself to trade at the right points, but I really do believe that I will be in a good place in the long term.
You just have to have patience, I do not think it's convenient to get out of the Crypto, This will happen.
What of looking at the advantage of what the altcoin downtrend presents, someone can gain more simple by trading and exchanging. Hodling is somehow difficult to those of us, who just joined cryptocurrency wagon because of the bubbling. All the coins will make a comeback.
I am so scared of cryptocurrency
i wanted to get into it but i never have because it doesn't look so safe
I do not understand about cryptocurrency.
I only know about sbd.
I really need that.
so I will always follow you.
I'm sure I'll win later.
thank you
I trust the blockchain and I believe in the potential and the idea of cryptocurrency so I am gonna hodl, coz I know that it will rise, if not now, then soon...
Well at this point just have to watch out for what happens in the coming days !
Friend excellent article, I love this clarification so much, that I will put it for Spanish, and obiately respecting the author's rights.
The people that understood this best were the Dogecoin crowd... 1Đ = 1Đ... especially 4 years ago when it wasn't worth anything... lol!!! And in all honesty, I've seen Doge used as real currency/barter more than any other crypto.
do they really have this?
If every one starts selling bitcoin then the bitcoin market is surely going down.We have to be cautious with our every steps.If every one starts selling bitcoin then it will make a panic situation.Then the entire market will be damaged.Crypto currency should be involve in different kinds of trade unless it will tough for crypto to survive.Thanks for the post