This is a translation of the original article located here: https://bitcointalk.org/index.php?topic=5058626.msg47345560#msg47345560Friends, let me tell you about one amazing rule that will allow you to save a lot of money. Now on the forum there are unpleasant trowels about trust managers who have been turned into fraudsters. It pushed me to share my thoughts. Please do not take this as a desire to teach you life. This is not true. I will simply tell what I adhere to myself and hope that this will help you too. So let's formulate this most important rule: If someone offers you to invest in something profitable and at the same time offers a fixed percentage of profit per month (especially, and especially if this percentage is significant), then you have a fraudster. Stay away from him No one will ever be able to provide you with a fixed percentage of profit per month for any substantial long-term period. No one, never for anything. Is that the Lord God, but he is unlikely to do it). You may have a reasonable question: "Why?" There are many reasons here. I do not know them all, but I will give only those that seem reasonable to me. 1. Markets are constantly changing. They change in such a way that the profit can get a minority to the detriment of the majority. And the minority is constantly changing. This does not mean that you cannot be successful in the long run. You can. But in the short term ALL traders periodically either sit in drawdowns or in losses. And sooner or later it can be so serious that such grief - the ruler of other people's money simply cannot physically pay the declared interest to its depositors. In this case, scam comes and sobering. 2. Argument from the contrary. Imagine the impossible. What really is a miracle on earth is a trader capable of consistently making at least 10 percent of profit per month on any long-term basis. I hasten to convince you that such a genius of trade trustees of their funds are not needed. Using even quite an average initial deposit of, say, a couple of thousand US dollars, this wizard of the market can make a fantastic fortune in a reasonable time. Which will suffice not only to him until the end of his life, but his great-grandchildren will remain. It's all about the so-called compound interest. The formula of compound interest is googled in a couple of minutes. We take a calculator and count. Here is the compound percentage formula for our rule: X (1+ (Y% / 100)) to the power n where x is the initial deposit amount, Y% is the monthly interest rate in percent, n is the deposit term in months. Suppose the initial deposit amount is $ 2,000. Percentage per month promised to you - 10. Contribution - 12 months. How much will we get from such trading in a year? We consider: 2000 (1+ (10/100) and we build all this to the 12th degree (!!!). It turns out: ~ 6276.85. Not enough? And where are we to hurry? Wait, do not rush, everything is still ahead, we are a miracle - traders and do not forget that we are starting from a relatively modest amount, but we have already done roughly X 3.13 in a year. Let's look at how much our capital will grow in the following years: The second year_6276 X 3.13 = 19643, 88. Not bad at all, right? Third year: 61485 (here I’ll further round the numbers, removing the values after the comma, so the real numbers will be even higher) Fourth: 192449 Fifth: 602365 Sixth: 1885404. As we see our miracle - the trader has exceeded one million in just the sixth year of trading. Once again I ask: why should he mess with depositors? Well, okay, let's go on. Seventh: 5901317. Eighth:> 18,000,000 /// /// /// /// In a couple of years there will be a billion, and a trillion dollars this trader will earn within fifteen years. Further consider not see the point. I think from the forum bitcointower, he will leave much earlier) Julien, thank you for sharing this with us and to some of us that has been long in trading this is a great remainder and for me in particular I am not taking this advice and rules for granted. Trading is a game and we should not even go into trading without developing our understanding on the above rules. I have given advice to many traders especially the newbies on how to trade and i always told them that they Should look for rules they can follow. |
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Since last month I have started seeing ads on cryptocurrencies at my Google admob application and I was thinking that something is wrong somewhere! I believe that the banning was unnecessary in the first place and that is why they have to lift it. NO not totally because you can still see or read some news regarding on bitcoin ban especially in CHina, india and other countries that might influence other countries to do the same. As we all know that governments can do a mandates for google or any tool that could be use for advertisement to ban crypto ads in which facebook and twitter were commonly being used for crypto ads.
Time is coming when both facebook and twitter will both lift ban on cryptocurrencies ads and all the effects that we are seeing currently on the prices are going to disappear. Governments are manipulating cryptocurrencies market or blockchain technology by using those banning to make investors dump their coins and they really succeeding on this. |
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Adding $600 in two days is a sign that the bull are trying to take over the market. I have been praying for bitcoin to cross $3750 resistance level and that has happened today. We may not see serious bullish trend before end of this year but we should expect a very serious upwards price movement any moment from next year. it's still not bullish now because it's near Christmas and New Year I'm afraid this is just a trap. but if the price can rise above 4000 and 5000 maybe that is definitely bullish
It is not a trap and market behave this way as a sign of recovery. Bitcoin is currently above $3,750 it is still very low compare to were it was in December last year but that did not mean it is not recovering. |
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yesterday and today I saw all altcoins rising. is this the beginning of the recovery market? if I buy now whether it's good or I have to wait until it's really safe.
give me your opinion, which one should I do.
It is too early to called the current bull trend a recovering stage as this little price movement started just yesterday. I believe that bitcoin is going to makes some corrections in some days to come and that means it will still go back a little before it can gather enough momentum for further price upwards movement. The market may remain below $4000 for the remaining days of this year and for those that may like to take advantage of investing low and hold for a very long time now should be the right time to invest into this market. |
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As currently, Bitcoin price is about $3400, almost the lowest price of past 10 months.
Is it the right time to invest some for the moment?
Thank you for any suggestion
I believe that so many people have bought into bitcoin at this very low price and so many of us are currently selling. It depends on your financial capacity and what you can afford to risk at this moment because investing into bitcoin and others cryptocurrencies is a very risky venture and you should not go into it without adequate knowledge on how cryptocurrencies market work. The best time is when you have the readiness to buy with a mature calculation, and if you decide to buy then you must have patience because it will keep you calm on your strategy path.
That is a very nice advice! Many of us lose money in trading and investment because most of us did not calculate before investing. If you have a long term view? Invest at the price that you are comfortable with and if it is short time investments plan you have then do the same. |
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When (or if) will the next bubble Happen in your opinion and why?BTC
My analysis is that bitcoin will bubble maybe in 2020 as next year is going to be a recovering face. I don't expect serious bull run next year but bitcoin is going to be in a ranging trend. It might be moving between $3000 and $6000 through out the year or a little above. I think now should be the best time to invest as the market has started showing some sign of recovery. I believe that it will soon go over $4000 |
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I have seeing that happening and bitcoin is established forever dominant in the market. If bitcoin is falling it do pull other coins along and vice-versa which is not good for the market. Cryptocurrencies recovering is henging on bitcoin and if bitcoin recovered all of them are going to recover and if it falls all of them are going to fall. No one can stand alone. However this is really affecting the market as we have other that are technologically better than bitcoin but there could not come up because of this dominance.
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I see that BTC and ETH are two coins that have the highest capitalization in Coinmarketcap.
But I don't know why Bitcoin is still up and ETH always maintains current prices.
Why did that happen? And now, I have to invest in Bitcoin or Ethereum?
thank you
Bitcoin and ethereum are not doing well currently and we would have to wait till next year July and August before seeing any significant progress in cryptocurrencies market pricing. I think we are the level of corrections were bitcoin was in in 2011 and 2013. We are to be patience with the market and keep holding and in future we would make good profits from the market. Op, remember that every other coins are depending on bitcoin including ethereum and you should invest in both of them as time will come when both bitcoin and ethereum will be independent of each other. |
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Howdy folks
it's really clear for all of us that btc is going to 4000 usd levels, how's your portfolio right now?
what plans you're going to follow?
You make this post some weeks ago and that has become the reality of the market. Bitcoin is currently below $4,000, the level that in my wildest dreams I never thing it will be but that is the reality of were it is currently. The hardfork of bitcoin cash has really affected the market and that is why even bitcoin cash was below $80 yesterday and I did not see it recover soonest. Investment is however a game and you should be able to accept whichever way it turned to. I could remember that many speculators are even saying that bitcoin is going down below $3000 and some are even saying this is the end of cryptocurrencies and bitcoin in particular. |
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I believe there are moving the coins to exchange to dump. We should expect another dump in future and I was thinking that bitcoin needs to be preserved by some trustees which are ready to hold large quantities in some wallets in other to make it very difficult for the price to go down the way it is currently. I did see bitcoin in the hand of many people and companies that did not like it grow and development and that is why they keep dumping it as will.
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As in sport the players tire but the spirit of the game continue to exist ,similarly investors are not to panic from declining prices of BTC as It will continue to dominate the crypto market in future ,so nothing to worry,prices if falls may rise again.Do you agree with me.
If you really want to makes money in this market then invest when others are selling and sell when they are buying! That is the reality of financial assets. If you are afraid at the current state of the market and did sell your precious bitcoin you may not be able to buy the same coins in the future. What we also lack is that we don't follow history but professionals investors follow history, they know that this has happened before and it might happen again and by then invest along. Many of us lose money by not being patient a little about corrections in pricing. |
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Author of proposal for regulating ICOs thinks one could help secure border.As President Donald Trump threatened to allow a government shutdown if Congress did not provide funding for his proposed wall along the Mexican border, a Republican congressman from Ohio offered up alternative routes to getting the wall built: through Internet crowdfunding or through an initial coin offering. During an interview with NPR's Morning Edition on December 12, Rep. Warren Davidson said that he had offered what he referred to as a "modest proposal" in the form of his "Buy a Brick, Build a Wall Act." The bill, which he submitted on November 30, would authorize the Secretary of the Treasury to accept monetary gifts from anyone "on the condition that it be used to plan, design, construct, or maintain a barrier along the international border between the United States and Mexico." The funds would go into an account called the "Border Wall Trust Fund," and a public website would be set up to process donations electronically.
Rep. Davidson told NPR's Steve Inskeep that the donations could come from anyone and be gathered in a number of ways."You could do it with this sort of, like, crowdfunding site," Davidson explained. "Or you could do it with blockchain—you could have Wall Coins."Ars reached out to Davidson's office for further comment but has not received a response. Davidson, a member of the Republican Party's Freedom Caucus, is also drafting proposed legislation to regulate cryptocurrencies and initial coin offerings. Davidson announced his plans at the Blockland Solutions conference in Cleveland on December 3. At the same conference, Ohio Lieutenant Governor-Elect Jon Husted spoke on the potential of using blockchain as a means for citizens to communicate with government as part of the InnovateOhio government modernization initiative. https://arstechnica.com/tech-policy/2018/12/ohio-congressman-we-can-fund-border-wall-with-wallcoin/ .... After reading his ICO proposal for accepting donations to fund Trump's Wall. Is it my imagination or does it seem as if politicians responsible for drafting regulatory legislation for ICO's and crypto currencies not seem to understand how either of those things work? In politics that usually means politicians communicate with banks and ask them to write the regulation. Politicians "drafting" anything is a mere formality as they lack the expertise, experience and knowledge necesssary. Anyways, if there's any question in the future as to why state regulation is ineffective, dysfunctional or fails to work as it should in theory. Perhaps this topic will come up again. We might question how computer illiterate politicians can be expected to draft internet regulation in terms of net neutrality. And how crypto currency illiterate politicians can create effective regulation for ICOs. This man mind is in cryptocurrencies and like our other leaders I strongly believe that most of them has hands in some of the coins in the market but they will not come out openly to say it. This wallcoin is going to help raise funds to build the wall of Mexico and that is the beauty of cryptocurrencies and blockchain technology. It creates trust and transparency. If you really what to no what is in the future for us then read most of this idea by our political leaders and see that bitcoin and blockchain technology is in their mind but they are trying to play politic around it. |
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I strongly believe that before we can see another significant price movement it might take another two to three years to come. Judging by the way market has been behaving. I could remember that in 2013 when I was following bitcoin especially in the mining area bitcoin was unprofitable to mine until around 2015 that we began to see significant growth in bitcoin pricing. Today the market is down for another reason and I think we would see recovery from the end of next year and in 2022 bitcoin might be trading above $100,000. If there is away it is better we hold what we are having now in other to be among the rich in future.
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Cryptocurrency or stock market depends on each choice - each because they have advantages and equals - are equally risky, and of course the same - both provide benefits for the future, all of them have profit and risk
It actually depends on the knowledge one has about the market and The way you can trade them professionally. Some traders prefer stocks market because it is a bit stable and other people prefer cryptocurrencies because of it volatility, therefore, this actually depends on our choices. i was trading stocks and commodities before the advent of cryptocurrencies and I could not make really profits until I come to bitcoin in 2016. I prefer bitcoin and cryptocurrencies trading because of how volatile it was and for now I will keep trading bitcoin. |
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Traditionall, it is news that drives the market. Cryptocurrencies market is not different from stocks and forex market and news and fundamentals analysis are what you need to focus on to see if the price is about to drop or pump. Remember that chart and technical indicators are for you to know when the market is about reversing or continue in it present movements.
Trading in cryptocurrencies market is very risky and you should not go into it without adequate knowledge on how news impact the market. If you are not familiar with the market and how news affects pricing you should not there go near Trading with just technical knowledge as you will lose money.
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after all that had happened, December was a decline in the price of BTC which was completely destroyed, and the sockets are now far beyond predictions,
some predictions say BTC will be bull early in December, but in the first week of December BTC has experienced a price decline beyond predictions,
Is the prediction that there will be a bull After Christmas will occur?
or will it fall further down?
I think after Christmas bitcoin might further going down. Trading at Christmas and new year celebration time is always low and that makes it very difficult for the price to go up before and after the celebration. I believe that bitcoin is going to recover but when this is going to happen I don't know. The decline of the price of bitcoin in this month was like an attack against the cryptocurrencies market! I have not expected bitcoin to go as low as it has gone. I believe that we are at the time when we should see bull run as it has been happening in the past and I am surprised to see the market crashing this month than others months. |
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I really agree with this one! Cryptocurrencies was in the hands of miners , developers, bounty hunters and amateur traders who can easily sell off for little gain and most of the professional investors and hedge fund managers and not in the market and they could not buy at the last year December high. Now that the market has made huge corrections and the bearish trend has pushed bitcoin down to the level that big and experience traders and investors can come in I think this is going to bring a mature markets. |
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The prices went even lower than the last years' dip right before the bull market. However, the BCH hard fork with its Hash Wars doesn't seem to bring any clarity or stability to the market.
So the question is following: would the market still go down or not much more and it would make sense to start shopping?
With the current position of momentum's Indicators I think bitcoin and altcoins are still going down. Most of them are at the oversold area but has no significant power to make any significant upwards movement. If you want to buy at the bottom then you should still wait as bitcoin might get to $3,000 before any recovering might take place and that might still be till January or February 2019. However, buying at the current price did not mean you have made a wrong decision about the market as we are having the lowest price throughout the year and if you are a long-term investor then now is the right time to buy. |
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This is the first time I really see or hear someone saying bitcoin did not produce goods or services. Bitcoin has been producing services to me and some of us that has been in this cryptocurrencies system. Bitcoin reduce unemployment, create wealth and it serves as a mode of transferring wealth or values from one person to another. Only decreasing the value of the bitcoin is happeninhappening right now and we don't know if they are going to zero or not. But in reality the price right now which is 3000 dollars is far from zero value so you will not see zwro this yearyear or next year maybe in the future.
Bitcoin will never go down to zero. The current happening in the market was as a result of the volatility that happened last year and what we are seeing now is a correction. If you want to makes money in future then invest now that bitcoin is still cheap. |
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HODL is the best option now for all my altcoins. I will keep Hodling till the bearish market is over. Everyone was thinking that bull run will start toward the end of the year, instead, there is a consistent reduction in price. Let keep hodling next year will get better for everyone.
I want to know what you feel, is there still hope for the remaining 18 days before the year end?
Bitcoin will still be going down and many speculators are saying bitcoin is heading toward $3000 and $2500 . Holding is the major investments decision we can make now as cryptocurrencies market may not recover this year again or making any positive significant move. Remember that this same market conditions has happened several time and I believe that we just need to hold and be patience with the market in other to be able to make good profits from it. If you have some risky capitals it is even better to buy now than selling! |
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