Martinsx

Haha, don't let those that have huge investments in Bitcoin hear you saying let the price drop again because they are looking forward to gaining by the appreciation of the coins worth after it suffered too much drop in price recently. It's coming up slowly from $7,300 to $7,630.

You are absolutely correct with that assertion on the price of Bitcoin having increased up to $2000 more from when it was down at $5000. If someone had made investment on the cryptocurrency a month ago, that would be $2000 instant profit.

It was dropping for some time now but recently for about two or three days now, the price seems to be appreciating because it's up to $7,300 at the moment, unlike when it was down to $5,300 last month.

Well, everything depends on how the stability of the cryptocurrency is at the moment. Should it keep being unstable, I wouldn't invest much into it but if it comes to being stable, I would invest a good sum of money.

Haha, that's exactly what happens with any form of investment. There are definitely going to be those who are going to benefit from the events that surrounds their investments and those that will lose out. So, congratulations to the ones that benefitted and sorry to those that lost out.

Yes exactly, that's how the human mind and thinking is fashioned. We all can't help it wanting to have more and more money, even it means coming from the ill channels. Anyways that's by the way because there are still legitimate ways to make money online and cryptocurrency is one of such ways. I'm glad to see the price of Bitcoin coming up now at $7,362.

Most times even those that are into stable jobs join ponzi schemes. There is this human desire to make quick money even when they are earning money from other legitimate means. This is actually why ponzi still thrive today. But it's a good thing that cryptocurrency isn't ponzi, so those that have the fund to invest in it are guaranteed of profit.

From my experience with ponzi, I have come to understand and that it's all ponzi are 90% going to make one lose his or her money. The only way to be guaranteed making money in ponzi is if you join the scheme immediately it launched.

You are absolutely correct with that assertion on some people who can't afford to lose a penny of their money because they find it very difficult to get such money, and to lose it on investment they are not guaranteed profits would be an impossible decision to make for them. I had a friend whom I met online when I was still into ponzi. There was a scheme back then we invest $5 and make $10 in 1 or 2 days. It was based on a referral program, I tried all I could to get that my friend to invest in the ponzi but she couldn't afford to lose her $5 should she not get any referral. I had to use another $5 of mine to invest for her and she turned over 5x before the system crashed 😂

Your predictions might actually come to be true because at the moment, the price is at $6.2 which from the looks of the way the market is going, it's most likely going to drop more.

One thing that I have come to understand about taking risks is that some people or investors love the thrill of uncertainty. It's actually why they are moving into investments that they have no clue whether it's going to be a success or a failure, when it clicks, they would make millions and when it fails, they would move on and look for new investments to join.

Exactly. Most people just jump into some investment because they hear and see others doing so but they lack full knowledge about how such investment are structured which makes them not have strong base of confidence when the investment is witnessing some challenges. This is why it's always encouraged to have and know everything about an investment that you wanted to go into before jumping into it.

There is a possibility in what you said being the reason why the government of most states are shunning away from getting involved with cryptocurrency. There have been some cases where these cryptocurrency have been used to dupe people and the government doesn't want to be tied to such occurrences.

It's just a normal thing for investors to get worried or spooked when the financial worth of their investment is under threat, so those that doesn't have the courage to stay put without taking any drastic decisions, they are definitely bound to reap well in the investment should it come out positive.

It doesn't seem right, I must admit to that because should one fail to be able to mine a certain amount of cryptocurrency, it makes it invariably impossible for such individuals to participate in the investment of digital currency. I think the issue of government refusal to accept the coins is somehow related to the cryptocurrency not being allow to deal on with fiat currency. So, each currency is on its own, with fiat currency on its lane and cryptocurrency on its own lane.

Seriously, it's very annoying to some extent because come to think of it, if not that some beginners were able to mine their first cryptocurrency and started trading, how in the world are people supposed to own the digital currency? Now, with mining being very difficult and not as easy as it's promised, with also limiting buying with cryptocurrency as well, it's making investment in the cryptocurrency harder for new people. It's only the few cryptocurrency exchange site that accept fiat currency that gives people to join the band wagon and move over to the exchange market that don't accept fiat currency.

Well, this isn't the first time Bitcoin have experienced such unstable nature, but still take a look at the cryptocurrency today, it's still rated the best among every other blockchain digital currency. I'm sure that the cryptocurrency will survive this mess and boom up to where it used to be.

Yes, it's absolutely true what you just mentioned about the security of Bitcoin being one of the best if not the very best when it comes to protecting it against hacks. It's the first cryptocurrency that was launched in 2009, so it stand a better chance of working on all angles to secure its wallet.

I have a few friends who sold part of their own Bitcoin and some other cryptocurrency, and some bought as well. In a few months time, we are going to be sure of those that made the best decision on the investment.

Definitely, there are some people who already sold theirs off or used it to make purchases, and there are so many people who did invested more in the cryptocurrency. So, everything depends on who was more willing to gamble to earn or to lose.

Definitely, there are some people who already sold theirs off or used it to make purchases, and there are so many people who did invested more in the cryptocurrency. So, everything depends on who was more willing to gamble to earn or to lose.

Anyways, the price seems to be getting back up to where it's used to be and staying that way. At least for days now, it haven't dropped back to $5,000, so if it keeps holding up this way, I'm pretty sure it's going to be stable in the market.

An investment where only the rich can be able to benefit from the investment isn't a good one, so I think that giving other individuals an opportunity to benefit from such investment is a good one.

It's better not to be able to predict how Bitcoin behaves especially when it comes to its price. It's why the cryptocurrency needs to be stable in the market in order to have its credibility back. If the cryptocurrency can be easily predicted, then a lot of people are going to manipulate it.

I think that over the couple of weeks now, the price keeps fluctuating up and down. It goes up today and comes back down lower tomorrow, that is not good for business. It affects investment in a very bad way. I hope this gets sorted out quickly.