The Truth about whats happening with crpyto currency and Bitcoin BTC

CryptoGuru Level X³

4

June 19, 2018, 8:34 am

57

The Truth about whats happening with crpyto currency and Bitcoin BTC

Hello guys its been awhile! Today i wanted to take the time out to come back and talk a little about the crypto industry especially Bitcoin. The news you probably read is all FUD or "Fear Uncertainty Doubt" news which is used as scare tactics to get people to sell or not initially invest. So the question you may be asking is "Whats going on and should i buy in"? The real truth about Bitcoin and other Bitcoin currency is that we are still in the very early stages and we still have room to grow! The other thing we all have to realize is that Institutional money has yet to make a major play on the digital currency scene. What does that mean? That means that all of the Big money like Banks and other industries have yet to start really using and investing into Bitcoin in a big way. We are talking trillions a year that will eventually spill over into the market. What does that mean for the crypto price in the future? We could see Bitcoin over 250,000 Per coin by 2030!!! Remember Bitcoin is like diamonds, gold, oil, and other natural resources it has a very limited supply! The more people that start using Bitcoin the more the value will go up. Next i want to show you a chart of the entire year and then explain more about whats happening now.





This chart looks absolutely terrifying i know, but take a look at 12 months ago the price was 2000 roughly. Thats double the price it was when i started writing about Bitcoin. End of June of last year we started to see the Monster climb to 20,000 dwarfing the 2013 Rally. Shortly after this short lived glory Bitcoin started to take a fall and has been falling ever since! So whats going on? Is this the end for Bitcoin? People say "Its a bad investment" because it dropped from 20K to about 6500 today. You have to ask yourself though "is it really a bad investment"? We are still up 3 times or 158% from last year! EVERYONE wants to know "Why is the price falling"? "When will the massacre end"? The sad thing is i don't have a definitive answer that will appeal to everyone, but what i do have is a strong opinion that up until now has been correct! I think that Bitcoin could fall below 6000 into the 5K range, but its very unlikely. We are more likely to see sideways trading until 2020 unless the volume picks up which could happen. China has banned Bitcoin, and now they are thinking of Allowing exchanges again. That could really pick things up in terms of volume. We will see all i know is that 2020 and 2021 will be years to remember the next halving is coming guys! Are you ready?

Dont forget to like! Comment below with any questions you have!

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aeon

aeon

I wondering what's happening to the price of the cryptocurrencies right now. They are all decreasing the value, from the btc, ltc, eth, and also the altcoins. But for me, it's a good chance to buy or to trade my altcoins to BTC, because I think as of now, Bitcoin is still the best crypto, and I think this year, bitcoin will rise up again and reach the $20,000 again.

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CryptoGuru

CryptoGuru

Thats it! if you can afford to buy every time the price goes down then you will do well in 5-10 years. Small amounts over time is better than big amounts in short time.

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aeon

aeon

It's funny to think that last December when the bitcoin almost reach the $20,000 and the bitcoin was all over the news, a lot of people become interested and trying to invest, and I think most of them lose a lot of money by that strategy.

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bienn05

bienn05

Bitcoins and cryptocurrencies are just unreliable. I prefer investing in stocks. Just don't trust online money and avoid investing in this kind of things.

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aeon

aeon

Well, somehow it's unreliable, but there's a potential, and that's what the investor really want. That's why bitcoin or cryptocurrencies is just for risk taker.

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kgord

kgord

I think crypto's are still very much a work in progress. I think it is really anybody's guess what is going to happen with this long term. It is something that can fluctuate either way..so I would limit my investments in them at this time.

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CryptoGuru

CryptoGuru

I Agree sidelines for now is a good idea, but still small amounts between 1-5 dollars can be worth 100 times more in 5-10 years so why not?

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centurion

centurion

Some years ago 1 BTC price was near about 300$ and now a day the price is huge. Day by day it has been increasing and now a day the BTC coin is not allowed on my country from the main central bank without any notification- some days ago without any previous notification. So from our country the peoples which were doing work with BTC- they got caught.

BTC is an international way of exchange and there are huge countries accepting the currencies.

Thanks
Centurion

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CryptoGuru

CryptoGuru

Bitcoin can be purchased person to person without banks so really no matter the legal status in your country you can still obtain and use Bitcoin. Do i recommend it? No of course not i wouldn't recommend something illegal to anyone lol.

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Corzhens

Corzhens

The law of supply and demand reigns over Bitcoins and other crypto currencies. They are not really currencies but commodities that have been given values. If there are no buyers then Bitcoin will have no more value. It is now getting a high value because of the demand. My issue with crypto currency is the fluctuation in the market that you really don’t know if the value will be lasting.

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vinaya

vinaya

In my home country, there is no official news about bitcoins. The central bank of the country has remained mum about bitcoins. However, many bitcoin exchange platforms as well as bitcoin wallets do not function properly in my home country. For instance, coinbase, which is the paypal of bitcoin does not allow buying and selling of bitcoins for the accounts based in my home country. I use coinbase to receive and send coins and cannot use for buying and selling. I have been using bitcoins since 2015 though.

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CryptoGuru

CryptoGuru

Thats what VPN is used for just use USA IP. If you need to buy Bitcoin in countries where access is limited just contact me privately and i can point you in the right direction. Bitcoin can be purchased or sold anywhere in the world without any third parties.

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aeon

aeon

I think this will be happen in my country also. The government already warns the people about the cryptocurrencies and some of the banks here do not accept the transaction related to bitcoins.

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vinaya

vinaya

In my opinion, the countries where the government does not allow trading of bitcoins or do not have any official rules for bitcoins are ignorant about the power of cryptocurrency. By blocking cryptocurrency, these governments are stopping people to generate wealth. They are afraid that people will generate wealth for themselves.

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aeon

aeon

Yeah, you're right, because this gonna be additional works for them. They don't even know how to apply tax on this currencies. Government don't earn from this specially from those people who earn from the cryptocurrencies.

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TommyCarey

TommyCarey

Why do you think it will skyrocket to 250k per coin in the next 12 years?

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CryptoGuru

CryptoGuru

Like I said before Bitcoin is still in its infancy and we have yet to see the big money jump in. The financial banking system will be in even more debt and the few people now who are seeing a demise in the current financial system will become many. The federal government is trillions of dollars in debt centralized currency and government control over money is not a good thing and I believe that people will start to realize that if we control the money we have the power. Bitcoin is HUGE in emerging financial markets like South Africa and others and we have just barely scratched the surface. Bitcoin and other block chain tech has not gotten less popular over the last 10 years but instead it has gotten more popular and I don’t think the momentum will stop or slow down anytime soon.

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TommyCarey

TommyCarey

That makes sense, but do you think it could just be a bubble that is going to eventually burst and the only ones that profit are the people who predict the year that will happen?

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CryptoGuru

CryptoGuru

A economic bubble is when something is pushed past its value and it becomes over valued. For the moment it’s safe to say bitcoin is not a 20,000 coin and in that case the bubble has already popped and what your seeing now is the market starting to find true value and become more steady as we go. Is it safe to put your life savings in? No I would say wait until end of July to decide. If you put your life savings in under 1000 then you should be definitely be thanking me lol.

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ballyhara

ballyhara

Honestly, this has been eating my mind for some time. Some friends say that investment needs to be made, some others say that's too risky and should avoid it. So, I've been doing some checking myself, and crypto world doesn't looks like it's ending, on the contrary, people is putting money on it very hard. Maybe a clever way, should be to invest but not on a high stake, but keep a low profile, and depending on how it goes, then you can be more aggressive. At least, that's what I would like to do.

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CryptoGuru

CryptoGuru

My recommendation for any new traders or people thinking about in investing is accumulating small amounts over time is key. Instead of putting 5,10,20 dollars in the bank buy crypto. If you started buying small amounts of bitcoin when I started writing until now you would be doing very well. Mind you all this information is free and I don’t get paid. My goal is to educate and help people become self made. Remember Bitcoin is not going any place and if In 5 years it’s gone from $13 to 20,000 imagine what the next 5 will bring for this new emerging tech.

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ballyhara

ballyhara

Thanks for the tip then. Honestly, i'm not very experienced in crypto money world, so I think is kind of normal to have my doubts about it. Any suggestion and advice, than can help me get more into it, in a proper and clever way, it will be highly appreciated. I think that's true, if we do some small investments gradually, then we can be making some slow upgrading that will reward us on time.

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aeon

aeon

Yeah, that's right. This is just for risk taker and believer, and for people knows how to do trading. From beginner much better to just collect from faucets every 15 mins to 1 hour. and then use the earning to invest. Do not involve your own money.

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Russet

Russet

I don't think that chart is terrifying. It's a very clear chart. It's only terrifying if you assume bitcoin is going to make you a millionaire because that is not the way it is going. Bitcoin my be a limited quantity but it also continues have an unknown actual value. If it never sees much use as a currency, it will never gain much value. Its a gamble. People who are irrationally optimistic are just as full of it as people who assume it will go to zero. For my part, I took my profit just before the peak and I am not planning to get back in.

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CryptoGuru

CryptoGuru

I actually have to disagree about the millionaire part lol. The reason is because i know someone who has held 1000 Bitcoin since the price was $98 and he doesn't plan on selling anytime soon lol. As far as valuation is concerned nothing has known value people just assume and supply and demand is what creates value. As far as it going to 0 you sound like those people who said the internet was a phase back in the dot com bubble lol! I think waiting to get back in is a smart choice not getting back in will be very foolish in my opinion i have been accumulating since the price was $400 roughly and i will never stop.

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Kakashi2020

Kakashi2020

Here's some hard to accept conspiracy theories which come to think of it has some sense to it:

1.Bitcoin was planned, manufactured and launched to make some people or organization rich.

2.Bitcoin is not really self governing someone's really controlling it. It's part of a long term con.

3.The powers that be is curious about Bitcoin and they are studying it before killing it and launching their own coins.

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CryptoGuru

CryptoGuru

Just remember guys we are in the digital age! Tangible assets are no longer the only place for stored value.

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aeon

aeon

Yeah, that's right. But we need the proper learning and understanding before investing on something like this cryptocurrencies. We should know first how it's works and don't just believe on someone who encouraging us, specially if they mention the investment.

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CryptoGuru

CryptoGuru

I have to disagree lol if you would have blindly invested when the price was under 1000 just by listening to me and then selling at 20K you would have made 19,000 for every 1000 you put in or $19 for every $1.

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treecko142

treecko142

I think it helps to invest in other growing cryptos rather than on bitcoin because I believe bitcoin has already reached a plateau and would only go downhill, not to mention the already expensive buying price, while others will still grow, and even if they don't reach the same values as Bitcoin, at least you got a good return on your investment.

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CryptoGuru

CryptoGuru

I dont think we can have crypto without Bitcoin. Its literally the worlds crypto currency! Many people still have no clue what an alt currency is. Bitcoin is the foundation of crypto currency you cant forget that! The only coin that can possibly match or surpass it is Bitcoin cash at the moment.

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cmoneyspinner

cmoneyspinner

For those who fear that crypto is too risky, they should try the free faucets. All newbies or those who are faint of heart should begin with the faucets. Then once they have a little coin pot, they might realize it's like a little pot of gold and they didn't have to catch a leprechaun to get it.

Now that you've got the coins, what are you going to do with them? I have found that there are people out there in different forums or communities who are excited about the crypto world and want to do all kinds of exchanges and trades.

Nobody knows the future of cryptocurrency. But it already has a past and a present. At present, I'm collecting my “crypto pennies” (satoshis, litoshis, whatever!) and trading them with others who want them for something they have that I want.

As you said, “instead of putting 5,10,20 dollars in the bank buy crypto.” How risky can that be? You can blow 20 dollars at a McDonald's restaurant!

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aeon

aeon

That's right. They should started at the faucets. Just go back the faucets sites every 15 mins, or 1 hour, and if you have enough earnings, go to trading sites and play there, yeah, play, you should know how to play in the market, and the basic buy low, and sell high.

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esteban123

esteban123

Yes I agree that newbies in cryptocurrency should try the free faucets if they are afraid of investing their money to the different mining companies. Free faucets offer a sure way of earning but with just a low income only. But at least it is better than having no money at all especially if you are just doing it during your idle time to have a sort of extra income.

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vinaya

vinaya

I have tried faucets, however, I have never withdrawn from faucets. I earned my first bitcoins from a site called blogjob. Blogjob was paid to post site where users could withdraw their earnings through gift cards, paypal funds or bitcoins. sadly, the site has not stopped its reward program. I made 1 bitcoin from blogjob. I was able to double my bitcoins by investing in HYIP. Sadly, I spent all of my bitcoins and I do not have any bitcoins now.

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cmoneyspinner

cmoneyspinner

It almost never fails for me. When I find a site I think has income potential, they stop the program that would have generated income for me. When I joined BlogJob I never once heard anything about Bitcoins; but I did receive one payment in USD. However, no sooner than I arrived at the site, they discontinued their Rewards program.

As for investing in HYIP? I just joined a community that is discussing how to invest in HYIP. It is something I will be exploring further.

Right now, I am collecting bitcoins and litecoins using faucets and have found a way to exchange them. There are some people in other forums who are buying my coins.

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vinaya

vinaya

I have made some money on sites like MyPayingAds and Recyclix. Both defunct now. Mypayinads was a revenue sharing ptc site where registered users had to advertising credicts called ad packs and would receive ROI on investment. IN the period of 18 months, I invested around $400 and doubled my income. I began with $30, when I recovered my investment I began reinvesting my profits.
Recyclix was a waste recycling program where users had to invest in waste management and earn profits. I began with 20 euro sign up bonus, when I earned profits I began investing. I invested around 200 euro and made 500 euro.
HYIP is risky, however, if you invest wisely you can not only recover your funds but also make money.

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esteban123

esteban123

I am also bit disappointed with the current price of the bitcoins right now because every day they keep on decreasing which prevents me from making any withdrawal up to this moment. It just encourage me to hold my cryptocurrency and just wait for the right time even though I badly need the money to be used for my personal needs.

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CryptoGuru

CryptoGuru

If you dont need the money just hold it until 2020.

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cmoneyspinner

cmoneyspinner

And that's really how the decision is made. It's the foundation for your investing decisions. Just ask yourself: Do I need it NOW or LATER?

Of course, don't be ignorant of the "financial market signs" either. KNOW when to jump ship! Sometimes that NOW or LATER strategy is not the smart thing to do. If you're serious about this, you have to keep your finger on the pulse and watch out for the fraudsters.

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aeon

aeon

Maybe at this moment, a lot of people or investors still holding their coins, and there's only few investors interested to invest right now, because they're reading the situation and still waiting if until how low this bitcoin is going to take.

0 7 years ago

1969-12-31T19:00:00-0500

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CryptoGuru

CryptoGuru

Ill be surprised if bitcoin drops below 4800. Its having majors issues dropping below 6000 at the moment.

1 7 years ago

1969-12-31T19:00:00-0500

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Cristian

Cristian

Meanwhile, the price of BTC is still falling, and there is no end in sight for where the actual bottom is.
I believe the crypto currency is just a fad and like any fad, it will die off in a couple of years. Sure, it may linger inside some hardcore fans circles, but I believe it is doomed as far as mainstream goes.

Why? Just look at the current charts of BTC. No sane person will invest in such a volatile "currency". Sure, it is still big in price, but BTC showed it could drop, massively, from 20k to 5.8k a few days ago. Normal people won't invest in such a volatile thing, once they investor understand that BTC may drop in such a way, BTC will slowly lose fans.

0 7 years ago

1969-12-31T19:00:00-0500

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CryptoGuru

CryptoGuru

I could disagree more lol! You talk about the drop from 20K to 6, but you dont mention the rise from 1000 to 20000. People said the internet was a fad and that it would go away! now the internet is the biggest thing to ever happen humanity. When something that is the future comes out people dont understand it, and instead of educating themselves they just write it off. These are the people who will be left out or who will miss out on the great things to come from blockchain and crypto currency as a whole. I really feel bad for people with your type of thinking lol.

0 7 years ago

1969-12-31T19:00:00-0500

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Kakashi2020

Kakashi2020

Banks, Governments, Global Financial Institutions are not idiots to follow and believe in Bitcoin because it has no clear history and that means someone's behind Bitcoin and that's dangerous that's why they are staying away from it. They're studying it and then they'll ban it and just create one themselves.

0 6 years ago

1969-12-31T19:00:00-0500

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CryptoGuru

CryptoGuru

What about goldman sachs? What about new york stock exchange? Other companies like amazon, google, microsoft? all of these companies have moved towards crypto. i think you need to do a little more research. This is just to name a few not to mention the entire governments who want to become cashless to use Bitcoin as the nations currency.

https://news.bitcoin.com/20-of-financial-institutions-examining-starting-cryptocurrency-trading-soon/

https://bitcoin.co.uk/page/financial-institutions-bitcoin-and-the-future-of-crypto/

0 6 years ago

1969-12-31T19:00:00-0500

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Corzhens

Corzhens

When it comes to investing in crypto currency, I’d say that it is like gambling because you don’t know what factors are dictating the value. When the price goes up, you just smile and when the value goes down, you smirk. But you cannot explain why the value fluctuates. That’s my main issue with crypto currency. When it comes to factors that affect the value, we don’t know anything so it is like groping in the dark.

0 6 years ago

1969-12-31T19:00:00-0500

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CryptoGuru

CryptoGuru

actually the price for me has not gone down yet ive been in since the price was $400. has not even come close to that since we departed 1000.

0 6 years ago

1969-12-31T19:00:00-0500

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pairinpay

pairinpay

Mid-year 2018 until now bitcoin did not show a good graph like the previous year. Do not know how long this situation continues.

0 6 years ago

1969-12-31T19:00:00-0500

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CryptoGuru

CryptoGuru

Unless an ETF is approved or another big thing happens we will see a bear market into the middle of 2019. After the halving in 2020 it will take off again like it did in 2016 halving.

0 6 years ago

1969-12-31T19:00:00-0500

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blackmist

blackmist

Bitcoins are really unpredictable. The price are slowly decreasing and I wonder when will it increase. I've already converted my bitcoins to real money just in case it will still continue to go down.

0 6 years ago

1969-12-31T19:00:00-0500

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jeffreyjose48

jeffreyjose48

What is happening about crypto currency and bitcoin is so unpredictable. I have a coins.ph account and the prices go up and down every second. I converted my 60.15 pesos to btc and wait for the btc to go up sa that could sell it in order to gain. Until now I did not sell it because instead of going up its actually going down. I am waiting for the right time to sell it.

0 6 years ago

1969-12-31T19:00:00-0500

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blackmist

blackmist

I hope that it will go up soon. It is slowly decreasing and sometimes made me think to stop earning bitcoins and focus on fiat currency. But if what you have said is true wherein it will go up soon then maybe I will just continue earning it then exchange it to real money if it go up again.

0 6 years ago

1969-12-31T19:00:00-0500

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mark8625

mark8625

I am not a fan of bitcoins or other things related on that in the internet. I have no idea how it goes and what are the benefits of it to the people. I heard that many invested on that and many have lose. So whatever it is as long as the people know how to play the game so be it.

0 6 years ago

1969-12-31T19:00:00-0500

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jaymish2

jaymish2

I think that to buy into something you need to understand as much as you can the fundamentals on it. For example why is the price of bitcoin falling? In my opinion I think its because of the hostile regulation from Central Banks around the globe. Bitcoin was touted as a people friendly currency because it is anonymous. However some governments even want you to pay taxes on your bitcoin price gain. Regulations take away the selling point from bitcoin and makes bitcoin just like money. My thoughts personally are, then why bother? We will see how the Chinese angel plays out but for now I would not invest in bitcoin.

0 6 years ago

1969-12-31T19:00:00-0500

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jpk0007

jpk0007

Undoubtedly Bitcoin is one of the most lucrative options of investing that it is taking over a chunk of investment all over the World. people are trying there best to invest as much as they can in Bitcoins to assure a hefty return on their investment in the near future. But before investing large amounts in Bitcoins one must exercise some amount of caution. Reckless investment can often turn risky in the long run. There are still many countries in the world where Bitcoin transactions are not considered legal.

0 6 years ago

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mhingnhormz

mhingnhormz

That's right, we can't predict when in come down or up. It was to risky to invest in bitcoins, it is for those people who are risk taker and had a money to risk but for the begginers and play safe who want to gain some bitcoins without investing, you can have some in the bitcoin faucet. In faucet you can collect bitcoins just collect ang collect and if you think, its time to take risk then go atleast you didn't use your own money in your pocket in case your bitcoins down.

0 6 years ago

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