Bitcoin

[ati]

How are you guys doing in these crazy times?

Unfortunately I lost almost all my money in 2018 and I didn't reinvest. I made about 150% profit in the past 3 months with my remaining investment, which is excellent, but I'm still very far from breaking even.

The most annoying thing is that I continue to make bad decision, so I miss out on insane profits.
I sold my BTC at $18K, then bought back at $34K, sold again at $36K, now the price jumped to $47K...

I also missed out on the dodge coin pump, but made some profits with Ripple last week.

If only I knew that this was going to happen....It's painful to see that I could have made more money in the past 3 months than what I earn in 2 years.

[Steeefan2014]

Investing in Doge is not a very good idea!
Doge was created as a fun thing. The only times that this coin goes up is when Elon Musk tweets about it. He's a well known supporter of this coin. Still... Tesla bought bitcoin of 1.5bil USD yesterday.

In my oppinion, if you invest in something, don't think in short term. Think long term! IMO - XRP will be the next big thing after they get out of that trial

[ati]

Investing in Doge is not a very good idea!

I know it's a useless joke coin. But I don't care if it can double my money.

In my oppinion, if you invest in something, don't think in short term. Think long term!

Short term can very very profitable sometimes, when you see something is on the rise, you make a quick 20% in one day, then sell it.

Very interesting news about Tesla. This will probably mean that Bitcoin is here to stay, and we will not see a price correction yet. Like many others, I was expecting the price to drop down to $20-25K when it was around $34K
Now what if other companies decide to follow Tesla on this? That could mean $100K BTC in the near future. Microsoft used to accept bitcoin, it would be a big deal if they did again.

XRP will be the next big thing after they get out of that trial

It's possible. I made most of my profit with XRP. I made a risky move in December, right after the SEC lawsuit news, and bought some XRP at $0.35, then I sold it last week at $0.50. Too bad I didn't buy back after the drop.

[ati]

aaand once again I managed to lose 6% of my bankroll in 1 day despite the booming prices. I shouldn't have bought Dodge at ATH. I lost 20% on that one. But who knew.

[Ross]

An old saying:

"A long-term investment is a short-term investment that went wrong."

Hindsight is a real pain.

[Mister Eko]

I invested in king ethereum, I think they easily will reach the 15K at december. Buyed long therm vechain, and zilliqa to staking, and polkadot to long term too. My target low market coins with great potencial are : bao finance, reef finance, yield.app, kardiachain, smartkey (5 euro price prediction), mobiecoin, swissborg. Yeld Finance also may grow to 5000 euro even, Elrond too.

But I am not a financial advisor of course, just check these projects.

[Steeefan2014]

@ATI - there's a roumor that Oracle might buy a lot of Bitcoin too. I repeat, it's just a roumor!

@EKO - I think 15k for ETH it's a bit too high! My bets this year are on ADA, DOT, XRP & REEF.

[Mister Eko]

Maybe, but the 10k is very sure. It depends on btc, if btc reach 100k, for eth is 10k, if btc reach 250k, for eth its 25k, if btc stays at 40k, eth will be 4k. In my opinion. Ada, dot are great long term projects, but people can make money from under top100 altcoins, where the 100-1000x just happens in a month or so. Look bao finance example, or mobiecoin. But stabil portfolio requires btc, eth.

[Roulettebeater]

How much money should one invest in bitcoin under the current market conditions?

I know that people who bought bitcoins 10 years before or so are now millionaires.

And the question is, are people trading bitcoins same as normal stocks ? Or it’s completely different thing

[ati]

I invested in king ethereum, I think they easily will reach the 15K at december.

That would be quite extreme. You probably know this, but for price prediction, you need to consider the circulating supply and the market cap. ETH supply is almost 10 times as big as the BTC supply, so at the same price the market cap is also much bigger.
The current ETH market cap is around $200 billion, so at $15K trading price, the market cap would be around $2 trillion, which is more than the entire crypto market combined.

[ati]

How much money should one invest in bitcoin under the current market conditions?

That's entirely depends on you. As much as you like and can afford. Just be aware that this supposed to be the worst time to invest when the prices are at all time high. But it's so unpredictable, anything can happen. The price might go up even more, or could also drop down to $20K in a matter of days. In early 2018 I bought BTC for $12K, and from that moment I was in a loss. A year later the price was only $3.5K. A similar drop can happen any time, but don't listen to me, I'm always wrong

What I expect is that the potential profits will decrease a lot as the prices go higher. In the past couple of months, BTC price has increased by nearly 500% Now one can be optimistic, but I highly doubt that we will see an other 500% and a $250K BTC price in the next couple of years.

And the question is, are people trading bitcoins same as normal stocks ? Or it’s completely different thing

There are many similarities, but also differences. For example the stock market is regulated, companies must publish financial statements, and if you own a share, you own part of the company. Stock market is only open during daytime on weekdays, whereas crypto market is open 24/7

[Mister Eko]

That would be quite extreme. You probably know this, but for price prediction, you need to consider the circulating supply and the market cap. ETH supply is almost 10 times as big as the BTC supply, so at the same price the market cap is also much bigger.
The current ETH market cap is around $200 billion, so at $15K trading price, the market cap would be around $2 trillion, which is more than the entire crypto market combined.

Of course the whole market cap will increase to 4-5 trillion until dec.

[RouletteGhost]

algorand

ethereum

if algorand makes it ill be well off

i bought doge just for kicks, you know....just in case

[ati]

i bought doge just for kicks, you know....just in case

Well, did you hold it? If so, then it's time for you to celebrate

As usual, I bought in at the top, and sold lower. I thought that people were crazy enough to drive the price up to a dollar. That's what they were tweeting about.
It didn't help that in the middle of the fastest price drop yesterday, Binance failed to place my sell order three times.

I actually panic sold everything yesterday, after my entire portfolio dropped around 10% in value. This happened after I finally broke even after two months in the red 

[Mister Eko]

Well, did you hold it? If so, then it's time for you to celebrate

As usual, I bought in at the top, and sold lower. I thought that people were crazy enough to drive the price up to a dollar. That's what they were tweeting about.
It didn't help that in the middle of the fastest price drop yesterday, Binance failed to place my sell order three times.

I actually panic sold everything yesterday, after my entire portfolio dropped around 10% in value. This happened after I finally broke even after two months in the red 

2 months in the red in a bullrun? Please what kind of portfolio you have may I ask? Everything goes up, every coin...