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Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
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JacoAF

Member Since Jun 14, 2013  125 posts Jaco Ferreira (JacoAF) Dec 27 2017 at 09:02
leo23 posted:
Few financial market predictions for 2018:
*********************************
We are now almost ready for entering to new year which I will call a year of beginning for a paradigm shift from fiat currency to cryptocurrency. We can expect massive gains as well as very high volatility in almost all cryptocurrencies and devaluation of many fiat currencies.

One year is not sufficient to replace the fiat currency by cryptocurrency, but by end of 2018 most of the people who are now trying to avoid cryptocurrencies may be in panic mode to buy any cryptocurrencies available and they might think it's too late to buy which is not true of course.

Because we have to wait at least 3 to 5 years to replace the entire forex fiat money or bank money by cryptocurrencies. It is going to be the beginning year. It is possible that many countries financial systems like central banking system may collapse and political situations may be chaotic. So most of the people may be in panic to quickly switch to cryptocurrencies from fiat currency.

2018 will show massive opportunity for cryptotraders and unfortunately, the forex traders have to accept the reality that forex trading will be over within next few years. That is the fact of the future and the quicker the people realise this, the better it will be for everyone.

I wish good luck and happy new year to all cryptotraders. An excellent year waiting ahead for cryptos. However, hacking and security issues will continue to rise even more and hence, I suggest all crypto traders to keep their coins safe in hard wallet.

I expect the total market capital to cross at least 20 TRILLION USD by end of 2018. I expect the Bitcoin market capital to reach at least 5 trillion USD by end of 2018 with a price value of around 300K to 500K per BTC. But still I will be optimistic to see 1 MILLION USD per BTC by end of 2018.



These are bold statements my friend. My personal view, and this MY PERSONAL VIEW, Bitcoin may hit $40 000 / BTC during 2018. I am too much of a conservative trader to trade Bitcoin, but I may invest in it (buy and hold if the price comes down to say about $2000/BTC.

I don't know man. Most Investors/Traders currently into Bitcoin is doing it purely for speculative reasons, which will cause volatility to be extreme, meaning sudden sharp moves up will always cause sudden sharp moves down not soon after. Greed, Fear and FOMO (Fear Of Losing Out) is driving Bitcoin at the moment. Don't get me wrong, I'd love to see Bitcoin succeed, but I think 1M USD/BTC is way too optimistic. What possible real value will Bitcoin then have apart from a lucrative speculative vehicle? For Bitcoin to compete with currencies, the average Joe needs to adopt Bitcoin as a means of payment, i.e. pay for a new computer, car etc. If the value of Bitcoin changes so much in such a short time, who will use it to buy anything? Everybody would rather sit on it and get rich quickly.

Again, these are my personal views formulated around some valid point people much smarter than me made recently. So think of it this way. If Bitcoin guns for the levels you say, then its cannot possibly compete with the currencies of today, let alone replace it, and it will simply be an impossibly volatile speculative instrument. On the other hand, if Bitcoin should be a competitive alternative to currencies, then the price has to come down and stabilize. The way I see it anyway. Maybe I'm wrong.

Anyway, for those who have a pair of 'you-know-what' to trade or invest Bitcoin, I wish you all the luck and may you succeed. smiley

Keep it simple, be disciplined, get rich slowly and above all protect your equity!
Dove777

Member Since Sep 01, 2016  10 posts Dove777 Dec 27 2017 at 15:06
leo23 posted:
Few financial market predictions for 2018:
*********************************
We are now almost ready for entering to new year which I will call a year of beginning for a paradigm shift from fiat currency to cryptocurrency. We can expect massive gains as well as very high volatility in almost all cryptocurrencies and devaluation of many fiat currencies.

One year is not sufficient to replace the fiat currency by cryptocurrency, but by end of 2018 most of the people who are now trying to avoid cryptocurrencies may be in panic mode to buy any cryptocurrencies available and they might think it's too late to buy which is not true of course.

Because we have to wait at least 3 to 5 years to replace the entire forex fiat money or bank money by cryptocurrencies. It is going to be the beginning year. It is possible that many countries financial systems like central banking system may collapse and political situations may be chaotic. So most of the people may be in panic to quickly switch to cryptocurrencies from fiat currency.

2018 will show massive opportunity for cryptotraders and unfortunately, the forex traders have to accept the reality that forex trading will be over within next few years. That is the fact of the future and the quicker the people realise this, the better it will be for everyone.

I wish good luck and happy new year to all cryptotraders. An excellent year waiting ahead for cryptos. However, hacking and security issues will continue to rise even more and hence, I suggest all crypto traders to keep their coins safe in hard wallet.

I expect the total market capital to cross at least 20 TRILLION USD by end of 2018. I expect the Bitcoin market capital to reach at least 5 trillion USD by end of 2018 with a price value of around 300K to 500K per BTC. But still I will be optimistic to see 1 MILLION USD per BTC by end of 2018.


You should go slow on those banned substances. Long term usage might lead to permanent delusional syndrome.

leo23

Member Since Oct 12, 2016  366 posts leo23 Dec 27 2017 at 15:09
@JacoAF

In my understanding,usage and research in cryptocurrencies, Bitcoin can be never be used in daily transactions due to various technical and fundamental reasons and especially at the current conditions of Bitcoin.

There are thousands of other cryptos are there now and at least a bunch of them are far better than Bitcoin in terms of daily usage and much better than even fiat currencies if they will be implemented properly for daily usage.

Bitcoin price is not driven by and will not be driven by daily transactions or even speculations from small buyers and sellers. The main and massive driving force is due to 3 reasons:
1.ICO(Initial coin offering) funding using Bitcoin and number of ICOs will increase rapidly in coming years and hence, Bitcoin usage will be increased as well
2.Institutional investors using Bitcoin as a store of value as a replacement to gold, stocks, bonds, real estate, currencies etc.So all the trillions of USD from these markets will slowly start flowing into Bitcoin and of course, other cryptos as well. But Bitcoin will definitely be the first option due to it's high value and small limited supply of 16 MILLION BTC total.
3.Sudden country wide adoption, usage and conversion of a specific country's currency to Bitcoin due to financial insecurity. Whenever one country joins Bitcoin, one big price move happens. What a bunch of hundred people or thousand people will do may create a temporary impact on Bitcoin, but will have no impact at all on the overall Bitcoin price in long run.

Yes, 1 MILLION USD per BTC by 2018 is a big optimistic target from me. But I am sure for the Bitcoin to reach at least 200K by 2018.

The reason I am optimistic for 1 MILLION USD per BTC by 2018 is because BITCOIN to reach 1 MILLION USD per BTC is 100% sure and it may take a couple of years from today, but every time Bitcoin price has outperformed my expectations in terms of time and 200K per BTC is a calculated value of BTC by 2018. But 1 MILLION per BTC is my expectations. Let's see what happens.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Dec 30 2017 at 15:51
One million per BTC seems like a fantastic number, but considering its rally so far maybe it's not that fantastic. We'll see.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Jan 02 at 15:47 (edited Jan 02 at 15:48 )
The South Korean government has taken new measures to curb the speculative trading on cryptocurrency exchanges. They will include a ban on opening of anonymous cryptocurrency trading accounts and new laws that will allow regulators to close cryptocurrency exchanges, if needed. (https://www.forexbrokerz.com/news/South-Korea-to-ban-anonymous-cryptocurrency-trading-allow-regulators-to-close-exchanges)
“The government had warned several times that virtual coins cannot play a role as actual currency and could result in high losses due to excessive volatility,” the government said in a statement.

Johnw7

Member Since Jan 05, 2018  6 posts Johnw7 Jan 07 at 07:07
The easiest way to buy bitcoins or other cryptocurrencies is to do it in specialized exchange houses, many of which have an app from which you can buy and sell in a simple way.

FlavioGonzalez

Member Since Nov 04, 2017  13 posts FlavioGonzalez Jan 07 at 07:50
The flow of its price is defined, for the most part, by market demand and thanks to the complicated codes with which they work, cryptocurrencies are impossible to falsify. They are created to obtain a reward, albeit with an uncertain investment effort. The long-term results are still unknown, although their popularity is increasing more and in the immediate future they have entered with a firm step and will probably continue that way.

hotakac

Member Since Oct 27, 2017  20 posts Hotaka Ching (hotakac) Jan 07 at 08:10
For most investors today, the cheapest method, once transaction fees are considered, is simply to buy cryptocurrencies directly and save them. This leaves you, as an investor, with the legal ownership of the asset and the responsibility to keep it and protect it. The concern is to protect the code, since proof of ownership of most cryptocurrencies is like a bearer share: anyone who has access to the code can 'spend' the cryptocurrency. Remember that, even if you have the code written on a piece of paper, and you receive it and store it by email, you are as vulnerable to hacking as your email. An alternative method of storage and protection is to use a digital wallet and / or vault (Vault). These services can be a third-party server, a mobile application or a program that you store on your computer or on a USB.

mlawson71

Member Since Dec 11, 2015  1486 posts mlawson71 Jan 08 at 15:38
In some countries the decision are made by financial regulators, in others by the local religious leaders. Or, in other words, Egypt’s Grand Mufti Sheik Shawki Allam has issued a fatwa against trading in cryptocurrencies. According to the religious ruling that technically does not have a legal binding, Bitcoin is forbidden by Sharia law, as it “causes harm to individuals, groups and institutions” (https://www.forexbrokerz.com/news/Egypts-Grand-Mufti-Bitcoin-is-forbidden-in-Sharia-law) Furthermore, the Mutfti notes, the cryptocurrencies should not be used in transactions, because they are not recognized as a financial instrument by Egypt’s c-bank.

Isn’t there a thriving market of cryptocurrencies in countries like Saudi Arabia?

leo23

Member Since Oct 12, 2016  366 posts leo23 Jan 11 at 15:50
Since we are about to enter into a paradigm shift in financial system from fiat currency to crypto currency and hence, each and every authority who hold a large chunk of fiat money or hold power related to the money will try to manipulate the crypto market to take the advantage from the cryptos.

So I will highly recommend all cryto users to do proper and genuine research and analysis before buying or selling any crypto of any kind. Otherwise, simply you are going to pay to the pockets of the big authority even if you use cryptos if you listen to any of such individuals.

In this thread, ahead in time last year I mentioned the same thing regarding huge market movements on daily basis and now few group of people are trying to manipulate the market by pumping and dumping fiat into specific cryptocurrencies by creating hype or FUD. Such a huge market manipulation happened recently using RIPPLE(XRP) where money was just pumped to create a hype and then, dumped.

I have been saying this for many times, never trade cryptos for margin trading or day trading. ONLY BUY AND HOLD those cryptos which you firmly believe in the project.

FINALLY, NEVER LISTEN TO ANY FINANCIAL ANALYST OR BANKING PERSON EVER FOR ANY CRYPTO PREDICTION. BECAUSE THEIR PREDICTIONS ARE BASED ON FIAT MONEY WHICH WILL NOT WORK IN CRYPTO WORLD IN GENERAL.

Also, most of the times they create the FUD to temporarily crash the market for their benefit to buy cryptos at better rate. The most latest and biggest example is JP Morgan bank's chairman or something I don't know exactly..his name is something JM Daemon.. He created FUD and crashed the BTC market before months for sometime and bought few million dollars of BTC and now made few billions probably and now apologising for his mistake which makes no sense for traders who lost their money due to the FUD.

SO NEVER LISTEN TO ANY FINANCIAL ANALYST OR BANKING PERSON EVER FOR ANY CRYPTO PREDICTION. JUST LAUGH AT THEM IF YOU KNOW THE VALUE OF CRYPTOS....

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