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

I think the future is in bitcoin. Soon it will take high positions

I just started cryptocurrencies recently, and I see their huge potential

Unbelievable events are taking place in the world today, which no one had thought of before. Regarding futures, not oil, they went negative. Incredible. But this is the reality therefore what will happen tomorrow with bitcoin or with another cryptocurrency is difficult to predict with a probability of 80%.

Crypto is too risky right now. I will stick my assets in USD and wait for a treatment

diskdillinger posted:
Crypto is too risky right now. I will stick my assets in USD and wait for a treatment

Where there is risk, there is opportunity. Crypto is not for the faint hearted. If you are a day trader, then there is no place better for trading opportunities.

Guys, help me please! I am afraid that I will lose a lot of money, because crypto is very unstable and risky now. What crypto is the most stable right now? I would like to convert coins on https://godex.io/ , so I can be sure that I am not going to lose money. I am afraid that all my coins are going to get cheaper, and I can lose thousands of dollars because of that! What should I do now? I would appreciate your help, please, give me a piece of advice! I am really desperate, I don't know what to do! This is a very bad time for crypto owners, the market is very unpredictable.

It seems to me that your panic can really lead to losses.

Crypto investing is not the main investment income. You need to invest and forget about it until the price is satisfactory. Yes, cryptocurrencies are very volatile, but it’s profitable for major instruments to show new lows and highs so that investors see a wide channel for entry.

Definitely the popularity of cryptocurrencies in the trading sector is increasing a lot. I am also investing in bitcoins and have found it really profitable. But despite the effectiveness of bitcoin, I can say that it is good for trading, but still cannot be considered as a mode of conducting transactions.

A time of great change is also a time of great opportunity.

JoJFx posted:
Crypto investing is not the main investment income. You need to invest and forget about it until the price is satisfactory. Yes, cryptocurrencies are very volatile, but it’s profitable for major instruments to show new lows and highs so that investors see a wide channel for entry.

I agree. Crypto are more volatility than forex or stock. It is also risker than any other investment instrument.

Volatility is the best part about this segment of the market.

Hello Everyone,

I have not been active in this thread for quite long time since I was busy in forex itself and crypto was still in early stage and still in early stage now also considering the shift in market capital value from forex to crypto entirely.

Most importantly I was not interested in any price below all time high and there was a long gap in between for price correction, but probably we are approaching towards that time for BTC price at least.

Now, after 4 years of creating this thread, let's look back and forward into the future.

Few important things:
1.I created this thread 4 years back to introduce myfxbook users about cryptocurrencies.
2.This was the first cryptocurrency thread in myfxbook.
3.I made many bold predictions about the future price of cryptocurrencies and very few realized and many didn't realize in time and not realized yet.
4.I still hold some of my price predictions just removing the timeline and so it's just about when? But the prices will realize in future.
5.When I created this thread and made these predictions, there was no crypto regulations in all most any country, no pandemic, and no such market events which the world is going through now

Most important price prediction which I still hold as BTC price to reach around 1 Million USD to 2 Million USD per BTC which I predicted few years back, but still not realized. At the same time there was no pandemic at that time.

I still hold on to those prices and now with trillions of USD printed as stimulus package in US and many other countries as well, I guess some of you can understand the practically of these predictions. There are many more reasons now for BTC price to reach such levels.

Why BTC price is not just shooting up straight like it did in last all time high?
Ans: It is very simple. Number of BTC whales are increasing as time passes by since some already know about such future price of BTC and hence, one BTC whale can collapse the BTC price to large extent in one day if it increase significantly high in short time and hence, big investors are naturally careful in going all in all BTC. Hence, everyone is just accumulating BTC slowly at the best low price they can get continuously.

Hence, the main BTC price movements are still happening just because of daily usage of institutional traders, forex brokers during deposit and withdrawal, payment processors like skrill, neteller and PayPal is on the list and BTC price is not influenced too much from big investors since they are careful in putting big money at once.

Finally, BTC might go up or down in short term, but price of 1 BTC=2 Million USD is clear in long term future. But when I don't know.

Thanks for reading.

I have always been a forex trader. I am now planning to diversify my portfolio and invest in cryptocurrency. I want to know a few tips from you guys. How different is crypto trading from forex trading?

After many years of waiting finally BTC price is approaching towards all time high. Many people have been skeptical in the past and will be skeptical even after BTC price crosses 100K, but BTC will keep rising and falling and in long run rising only.

It will be really interesting to watch how BTC price moves after it crosses the all time high.

If price of BTC continue to grow in same rate, then we can expect an easy 100K to 200K per BTC shortly.

But short or long pull backs might be expected around 29K, 45K, 58K, 80K and 95K.

95K to 97K might be a strong resistance before breaking through the 100K mark per BTC.

Note that the prices of BTC usually follows a exponential growth pattern and not a linear pattern when it is free from too much government influence, attacks, regulations etc.

It means the BTC price pattern can follow like this 20K, 40K, 80K, 160K, 320K, 640K and finally reaching the 1 M USD per BTC price mark.

So basically 7 steps away from 1 M USD per BTC. This 7 step can be 7 days, 7 Weeks, 7 months or under worst case 2 to 3 years.

NOTE::: This is not any financial advice and never invest anything in BTC which you can't afford to loose. You must be ready to handle any price pull back when you buy BTC. I said it multiple times in this thread since last 4 years and same is true now also. You invest only what you want to keep in BTC for lifetime and don't care whatever the price will be since in future most probably you will not want to sell your BTC whatever price it may be.

So my first target of 40K per BTC has been hit as per exponential price growth expectations.

Next, price targets for BTC are as follows 80K, 160K, 320K, 640K and finally reaching the 1 M USD per BTC price mark.

We can expect pull backs of course in the mean while during 80K to 95K before crossing 100K mark.

Interesting thread. 👌🏽

I’m glad you started this. It is very important to stay updated with the latest news and follow updates about the market you’re trading in. Thanks for sharing.