If the value of Bitcoin (BTC) is dependent on every Bullish trend that emerges, it is not worth trading after all

2018-12-22 23:19

Most cryptocurrency traders, even the ones who have been in the scene for a very long time are only cryptocurrency traders for the sole reason that they can put in money and get double sometime later. And with this being the tradition, new traders do not know better than to acquire a token/coin for this very same reason. This thought process is the topmost factor that controls the minds of traders and leaves them over analyzing the market upon noticing any unfavorable trend.

But on the flip side, if the cryptocurrency community would view these digital technologies from a more objective angle, one would seek to understand the structures behind the bearish and bullish trends.

Trading for Short-term gains is doing more harm to the market

Investing in Bitcoin or any other altcoin for short-term gain is the reason why most prominent investors believe that Bitcoin is a bubble. Short term traders who really do not seem like Bitcoin believers fuel a system of investment that promises returns only when adaptation increases. Not only does this cycle shrink the value of financial freedom and transparency that Bitcoin inherently presents, but it also fuels the very same narrative that fiat currencies represent and hinders the system from undergoing the needed development required to make Bitcoin the world’s global financial currency.

We can eliminate the unnecessary FUD, we can redefine Bitcoin

When one takes an in-depth look at the level of speed, transparency, and innovation that Bitcoin possesses, it is nearly inevitable to envision a downside; the results show themselves to exceed the next bull run, as well as the rivalry between exchanges and developers. If we want better results from Bitcoin, we will have to create a shift in our minds as traders and look beyond exploiting a technology that arguably has the potential of becoming man’s next greatest financial asset for short-term returns.

What is behind our reasoning?

Why are the so-called “market experts” predicting a closing price that suggests that they have faith in the coin, but later turn around to call in the bottoms upon the arrival of any slight bearish trend? Why are most college dropouts only expecting Bitcoin to be their temporary ladder to millionaire stage? Why are exchanges more interested in surpassing percieved rival exchanges? Because Bitcoin has become a tool for acquiring nothing but quick cash. And until we change this narrative by investing in Bitcoin for its aforementioned qualities, no level of adaptation will make Bitcoin look bigger than just a bubble.

The post If the value of Bitcoin (BTC) is dependent on every Bullish trend that emerges, it is not worth trading after all appeared first on ZyCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

United Traders Token (UTT) на Currencies.ru

$ 0.0223715 (+0.47%)
Объем 24H $235
Изменеия 24h: 23.70 %, 7d: 34.69 %
Cегодня L: $0.0223715 - H: $0.0223715
Капитализация $0 Rank 6130
Цена в час новости $ 0.2978 (-92.49%)

traders cryptocurrency all value dependent trading trend

traders cryptocurrency → Результатов: 126


As BAKKT and Nasdaq continues to bet big on Crypto, Changpeng Zhao urges Traders to press on, saying “They are not dumb”

Cryptocurrency analyst and investor Joseph Young has recently taken it upon himself to reveal the many involvements of top cryptocurrency institutional investors. Reminding traders of the persistence and belief that these investors have in cryptocurrency, with over $200 million in investment, it was revealed that December saw an upsurge in investment funds.

2019-1-1 18:52


Фото:

Wall Street Continues to Experiment with Cryptocurrencies Despite Crypto Crash

Players in the mainstream finance sector continue to experiment with cryptocurrencies and blockchain technology despite the recent Bitcoin crash. According to the Financial Time’s Article published on November 28, 2018, many companies such as large proprietary traders and institutional investors are still looking to ride the cryptocurrency movement, as they believe that the tokenization of physical and tangible assets are.

2018-12-1 06:00


South Korea Awards Information Security License To Upbit Exchange For Strong Data Security

South Korea Awards Information Security License To Upbit For Strong Data Security South Korea has issued an information security management license to Upbit for its strong infrastructure. The license shows that the Seoul-based cryptocurrency exchange has implemented effective data management and security procedures to protect South Korean crypto traders. The license was issued by South […]

2018-11-27 21:52


BitValve ICO

In BitValve, we will create the most advanced P2P Exchange platform, direct competitor of Localbitcoins and Paxful, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential.

2018-11-26 14:22


The Easiest Way To Manage All Your Crypto Currencies From One Platform

Tallinn, Estonia, November 15, 2018 – Bitsgap has introduced a new platform that unifies both trading and asset management for more than 30 popular cryptocurrency exchanges. The service provides a unique experience for all traders – with a fully secure and reliably fast interface for cryptocurrency spot trading on the top cryptocurrency exchanges, the platform […] The post The Easiest Way To Manage All Your Crypto Currencies From One Platform appeared first on Ethereum World News.

2018-11-26 03:10


Фото:

The Daily: Fake Trezors, Catching Knives, Stablecoins With Everything

There aren’t many prices that cryptocurrency traders can bear to look at right now, but stablecoins are one of the few exceptions. In this edition of The Daily, we consider the latest cryptocurrency niche that dollar-pegged coins are encroaching on, but not before we’ve addressed the serious business of fake hardware wallets and how to […] The post The Daily: Fake Trezors, Catching Knives, Stablecoins With Everything appeared first on Bitcoin News.

2018-11-20 15:20


Фото:

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 2018, while OKEx’s decision was not illegal, it was highly unusual and highlights the dangers of participating in an unregulated industry.

2018-11-20 12:00


Secure Your Cryptocurrency Funds with Hardware Wallets

Cryptocurrency traders know that there is a strong need to ensure that their cryptocurrency investments are secure and protected. Hence, there is a strong need for a secure wallet. Cryptocurrency wallets are a key element of the trading and investment process as they act as the real-world equivalent of bank vault where all the money The post Secure Your Cryptocurrency Funds with Hardware Wallets appeared first on ItsBlockchain.

2018-11-20 10:11


Фото:

Who SODL? Bitcoin Investors Are Buying Up Cheap Coins, Says eToro

Bitcoin prices crashing lower this week have failed to dent investor confidence, businesses reporting upticks in purchases while fiat rates are lower. A ‘Small Yet Clear Uptick’ The result of uncertainty over a contentious hard fork of altcoin Bitcoin Cash (BCH), Bitcoin has led cryptocurrency markets into a new period of volatility, with some major assets shedding 15 percent November 19 alone.

2018-11-20 02:00


Фото:

Traders suffer huge losses as OKEx closes Bitcoin Cash futures early

Several high-profile cryptocurrency traders are posting major losses after the Bitcoin Cash hard fork, as the true impact of the controversial hash wars starts to make itself known. Just as the price of the original Bitcoin Cash cryptocurrency started to fall last week, major exchange OKEx abruptly ended $135 million worth of futures contracts, claiming it necessary to protect clients from the impending market volatility.

2018-11-19 14:56


Finbitex Trade: Safe & Secure Crypto Trading Exchange To Use?

What Is Finbitex Trade? Finbitex is a financial service provider that provides cryptocurrency traders with a wide variety of investment products in CFDs. Finbitex seeks to empower its clients in order for them to benefit greatly from online cryptocurrency trading, easily access liquidity of their crypto assets, and efficiently manage risks they are likely to face […]

2018-11-16 14:21