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1101  Economy / Economics / Re: Why is the capitalization of similar cryptocurrency projects very different? on: June 30, 2018, 08:37:21 PM
For example:
1) Metaverse ETP vs ICON/Tron/Cardano. Recently no one had a main network, but capitalization differed significantly.
2) Verge vs Zen/Zclassic
3) Iota vs Byteball
4) Factom vs Tierion
5) Sia vs Storj
6) Waves/Stratis vs ICON/Tron/Cardano.
And many others...
Why do you think that the competitive market doesn't equalize the prices of the same projects. In the real world, I will not find anywhere that Audi A6 and BMW 5 differ in price by 5 times.

There are many reasons but one of the main reasons simply has to do for how a project has been in the market, many coins are copies of bitcoin, why those coins do not have an higher price, or why bitcoin price is not lower, and this is simple, bitcoin is original so despite the copies offering the same technology they are never going to compare with the original and this is why no coin has surpassed bitcoin in the market cap or the popularity among cryptocurrency users.
1102  Economy / Speculation / Re: BTC under 6k? on: June 30, 2018, 07:50:48 PM
Can BTC technically survive under 6k?

This is close to a bottom where mining stops to be profitable, meaning that supply of BTC from miners would drop. How much supply comes from miners anyways? Is that meaningful in terms of price movement?

What if miners are not profitable? Does that make them stop and thus make BTC transactions less secure? Do they continue mining in hopes of future price raise?

What would be the psychological impact on traders if BTC goes under 6k? That is a huge resistance point and if it brakes how far can price drop? Last time it was more like a test to 5800 which recovered immediately.
There is no problem for bitcoin to survive under those prices not long ago miners were mining for a bitcoin worth 600 dollars the price right now is above 6000, ten times that so yes they can easily survive even if the competition has gotten harder and the costs of electricity went up that is still a good price for the miners so do not worry too much about that, and the psychological impact of bitcoin below that price is not that great, we have seen bitcoin sometimes testing those levels and the price always bounces back.
1103  Economy / Economics / Re: Can human stupidity affect the movement of the market? on: June 30, 2018, 07:06:57 PM
Panic selling can also be attributed to stupidity and it affects the market big time. Most panic sellers are people who don't take time to study what they're about to do thus making a stupid decision at the onset. Emotions then would be high when the market begins to drop and they sell in  bulk at a loss, affecting not only their finaces but the state of the market as well
Panic selling is one of the dumbest things an investor can do, if someone does that is because that person really did not took the time to look and study the market before investing, while I'm not the best and the most intelligent investor at least I knew why I was here in this market from the beginning so when the price began to crash I did not panic, I will not deny I was nervous but not enough to sell since I know the price will recover again and it will not be the right thing to do to sell now.
1104  Economy / Economics / Re: The Future of Cryptocurrency on: June 29, 2018, 04:14:26 PM
It's hard to predict the future in cryptos. It can literally go in billions of different way. Just like life.
It is too soon to tell what it is going to happen, as many people may guess I think cryptocurerncies and bitcoin in particular are going to become successful but it is not a sure thing, we will need a series of events to happen at a particular time, for example the creation of bitcoin came at the perfect time when there was a huge economic crisis and people were looking for answers, now bitcoin is getting stronger and once it becomes used as a currency by more people we will need that a new crisis happens so the adoption of bitcoin grows exponentially.
1105  Economy / Economics / Re: [ASK] How are you going to handle too much debt? on: June 29, 2018, 03:35:48 PM
If I accumulate too much debt, which I'm in danger of doing. I guess I would move back in with my parents.
While in some cultures that are very independent going back to live with your parents is a sign of failure, if you are that indebted then you need to move with them right now instead of waiting for your debts to be so big that you will need to do it anyway, if you do that you will be able to save money in rent and utilities which are some of the biggest costs when you are living alone and from now on you need to cut expenses as much as possible so you can pay your debts as fast as you can.
1106  Economy / Economics / Re: Is it the best time to buy cheaper crypto while Bitcoin is at high price? on: June 29, 2018, 03:04:44 PM
yes you are right it seems now is a very good moment to buy cryptocurrency because the price is still very cheap so you should buy as much as you can, take advantage of moments like this to buy cryptocurrency.
Many people seem unable to understand this concept they do not understand that the biggest profits are not made when there are clear signs the market is going up, if you do that you will be lucky to obtain any kind of profits, the real profits are made right now when the price is going down or when the price reaches some stability, then the only thing you need to do is to wait for the price to go up, this is the most difficult part since we will probably need a few years for the price to recover.
1107  Bitcoin / Bitcoin Discussion / Re: Bitcoin will kill itself on: June 28, 2018, 07:53:55 PM
One of the best features of Bitcoin is it's anonymity. This is also one of the reason why countries are banning or at least hesitant to embrace the technology. From money laundering to illegal drug transactions to human trafficking. We always blame the FUD from mainstream media, financial institutions like banks, the government etal. But do you think, the one that would "kill" Bitcoin is actually the nature of it.

Here's another news where Bitcoin was being used in an illegal activity. This will raise a lot of eyebrows because it concerns our children.

http://www.news.com.au/finance/money/investing/bitcoin-could-become-illegal-after-its-blockchain-was-discovered-containing-child-abuse/news-story/bf486e6e8de453fd7ad2abba019952dd 
Bitcoin is not anonymous to being with, you can create a wallet and receive bitcoin without giving away your identity but if you ever try to cash out you will have to connect your identity to an address and all the transactions ever made to that address, so no, that is not going to be enough to kill bitcoin, that is something governments are going to try to use to at first to impose regulations to bitcoin then to ban it and finally when bitcoin beats them despite the ban they will legalize it in name even if at that point people will not care about the ban.
1108  Economy / Economics / Re: Economy going up and up everyday on: June 28, 2018, 07:20:34 PM
That growth is rather deceptive. Some of it derives naturally from countries making their markets freer, however we should always mind that the 2008 economic crisis has never been amended, but only fixed temporarily with inflated money mass which will eventually result in even greater crisis.
Governments only made worse the next crisis that is all, we were suffering from a reduction in banks loans to other banks due to the real estate bubble and the fact banks did not trust that other banks could repay their loans, so the government injected money to the banks, the problem is that money did not came from savings or taxes it was just printed, this created a huge expansion in the currency supply and after the crisis governments keep printing money with the hope of stimulating the economy, now governments are indebted and when the next crisis happens there will be nothing else to do but to print their way out of their debts.
1109  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If your coin increased 40% - 200% in value over night. What would you do? on: June 28, 2018, 06:41:07 PM
Do you continue hodling or sell? A lot of people say to hold no matter what happens and I'm not advocating daytrading but I think in a situation like this, it'd be advantageous to sell.

Thoughts? What would you do?
This is a difficult question to answer because you do not give any context, if the coin in which I invested is a coin that I think has future and a recent development has happened that justifies that kind of growth I will probably keep holding my coins since this could be the beginning of a bull run for that coin, but if there is no justification for that movement then it is likely I will decide to sell my coins since that kind of growth could be the product of a pump and dump group.
1110  Bitcoin / Bitcoin Discussion / Re: How did you recover from your loss in bitcoin investment? on: June 28, 2018, 06:01:28 PM
For those who has lost much money while trying to sell during the falling of bitcoin, what I think they can do try to reinvest but they must be wise enough to wait and get good information on when the price goes down then that time is suitable for them to quickly invest then wait for the good time to resale so that they can gradually recover their looses.
The people that lost money during the fall of bitcoin either bought bitcoin when it was really expensive or they were traders that were not able to predict when the price was going to go down, in any case the most important thing they need to do is to get more education since those mistakes could only have happened due to inexperience and ignorance since anyone that took the time to take a good look at the price knew we were in the middle of a bubble.
1111  Alternate cryptocurrencies / Altcoin Discussion / Re: How long Crypto currency will survive? on: June 28, 2018, 04:56:46 PM
I hope that the cryptocurrency will last for a long time. Although the market is very unstable and can die at any time. It is necessary to use the moment now and forecast a maximum of 2-3 years.
The price of cryptocurrencies can go down at any moment due to its volatility but the technology of bitcoin is only improving and nothing more, so the volatility is mostly caused by speculation and the manipulation of some powerful entities but bitcoin as a technology goes in only one direction and that is up and this is the main reason of why I think cryptocurrencies will last for a lot of time because even if the price crashed bitcoin will still give a valuable service to the community with its ability to send money all over the world with cheap fees without the need of a third party enforcing their rules.
1112  Economy / Economics / Re: Why all people moan about the price of bitcoin? on: June 27, 2018, 09:19:29 PM
Let their be more people using it and manipulation by big whales won't work anymore. The lesser people joining the more they can manipulate or control it. We need to use bitcoin as a currency for us to control so much volatility in it. Add more stores or establishments to use it so we can do help stabilize the price. And moaning probably will be no more. Just maybe though since things are always unpredictable.
A greater degree of adoption will surely decrease the volatility of the market but at the same time we cannot hope to eliminate it, the volatility of bitcoin is going to be with us for a very long time since there are some factors that make more volatile, like the great accumulation of coins the whales posses and that no matter the price of bitcoin in fiat they can still move the market as much as when bitcoin was still very cheap and not only that it seems that each time there is a crash the whales use this to get bigger and not smaller.
1113  Economy / Speculation / Re: Why bitcoin is still dropping ? on: June 27, 2018, 09:00:29 PM
I am thinking about the affect of Wall Street guys who are going short on btc, let alone the mtgox dump sells
The market of futures is having an effect on the price of bitcoin that is undeniable but the dump by mtgox had an even bigger effect in my opinion and the fact we know they have many more coins to sell is affecting the market since anyone with some common sense knows that a bigger supply of coins in the market will make the price to go down so everyone is waiting for the moment the dump of coins resumes so they can get cheap coins, so the price will only recover once the dumps are over.
1114  Economy / Speculation / Re: Is there any fast and easy money here in cryptocurrency? on: June 27, 2018, 07:26:13 PM
Never, There is none. Cryptocurrency investment or business is high risky business that needs patience, calculation and focus. It's not something that you put money into and make your gains immediately. Besides, no business start seeing it profit really fast, one needs to be endurance and before they can make it in this investment and of course making use of the money you are ready to forgo.
This market does in fact offers opportunities to make money fast if you enter in the market at the right time and have the right skills and knowledge to take advantage of it, but that is not easy at all and you are a little bit dependent on your luck, for example, last year the market grew in an incredible way so someone investing at the beginning of the previous year and selling at the end made a fortune but in order to have such a perfect timing you will need to be a very good trader and that can only be gotten through experience.
1115  Economy / Trading Discussion / Re: Trust you trading experience and don't panic on: June 27, 2018, 04:55:58 PM
don't panic is the hardest things that we can deny but if we can learn how to manage our emotion, this is not difficult especially if we have any experiences in trading. but yes, for new people, this is difficult and they need to always patient and stay calm when they see something is not right that will happen in the market. I am sure that we can handle our emotion and we trust our trading experience although we don't have a high-skills experience in trading.
Panic is the greatest profit killer, while many people talk about all kind of methods to make money the truth is that if you do not have complete control over your emotions at the end it is not going to matter what kind of method you are trying to use like short term trading or long term holding you are going to lose your money, this is why people need to understand very well why they are in this market if they do they have a chance to make money if they don't then they will lose money for sure when they panic.
1116  Economy / Trading Discussion / Re: What are the useful tips for beginners? on: June 27, 2018, 04:18:03 PM
Unfortunately there is no a student book which teaches you and explains all difficulties. I think that it is impossible to write a comprehensive guide because trading is experience and every trader has its own experience and a point of view on most things.
I consider that the best book about market is your own experience.
There are many useful books out there but the problem is that trading is one of those things what you can only learn by doing, in a way it is very similar to ride a bicycle, you may read a hundred books about how to ride a bicycle and you may learn a lot from them but at the end the only way to learn how to ride a bicycle is by actually doing it and the same is true about trading, this is why I always recommend for people to first invest a very low sum of money that they do not mind losing so they can get some experience at a low cost.
1117  Economy / Economics / Re: Bitcoin price "drop" on: June 26, 2018, 08:20:06 PM
I am looking into Bitcoin since its price was $ 900. and finally bought a part of bitcoin when it hit 2500 $ . and then it jumped to around $ 20000 very inorganically atleast i think so. so , for me this price drop is normal.
Many people complain about the manipulation going on the market but one thing I always wonder is why people only complain of the manipulation when the price goes down? If there is such a big manipulation of the price as they say then this also happens when the price goes up and yet no one cares about it because at that point they are earning money but they do care when the manipulation brings the price down since now they are losing money, this show to us how little people care about the market since they only care about themselves and their own profits.
1118  Economy / Economics / Re: Can human stupidity affect the movement of the market? on: June 26, 2018, 05:24:32 PM
Since bitcoin price thrive on the economic law of demands and supply whatever has the capacity to affect the demands will leads to crash in price of bitcoin in the market, and news has the capacity to influence the decision of any member of the public which may affect they choice of investment and bitcoin being a volatile assets is highly complicated for some to understand.
News have a great effect on the people but at the same time this effect is amplified by the ignorance of people, how many people invest in bitcoin and cryptocurrencies not really understanding what this market is about, they just care about the money and a person like that is the one at the greatest risk of losing everything since at the first sign of problems he will begin to doubt his decisions and will sell his coins, while those that know very well why they are here have no problem holding despite the losses.
1119  Economy / Economics / Re: Investing in Bitcoin? Advantages and Disadvantages on: June 26, 2018, 04:39:38 PM
#Gain
By using this bitcoin, the transaction process you need can run faster even if your relation is abroad. You do not need to take a lot of time and energy because transactions using bitcoins do not need financial institutions. So the transaction process can run faster.

#Loss
Bitcoin prices are rising and falling sharply in a short time, would be a problem for one of the actors selling and buying bitcoin. But actually, bitcoin investment can provide many benefits if potential investors know and really understand the system, problems, and all forms of bitcoin risk.
The volatility is fine for people like us that are willing to deal with it and the same is true for speculators that in fact love the volatility but if we want that bitcoin is used in the future then we will need to volatility to be a lot lower so the average person can use it and feel sure that the price is not going to crash overnight, this is going to take some time but I'm sure this is something bitcoin can reach in the next decades as people discover the other great advantages that bitcoin offers over fiat.
1120  Economy / Speculation / Re: Bitcoin will explode! on: June 26, 2018, 03:18:03 PM
I can't wait man. It's already functional for those willing to play around, just not in a noob friendly way. I have used it for testing purposes and it took me hours to set up a node. Admittedly, I am not familiar with all this technical stuff, so it will probably be done in a quicker fashion if you have the knowledge on your side. I can say one thing.... It will change the way we conduct transactions and completely forget that we are still using Bitcoin. It doesn't feel like Bitcoin at all once you are transacting, because there are barely any limitations. Let the naysayers talk down on LN as much as they want, it doesn't change anything.
I knew the developers were making tests but I did not knew that if you were an advanced user you could play around with it, that is great I will look into it but I will admit I'm not that familiar with technical stuff either, there have been many criticism for the lightning network but most of them come from the miners who as we know have an interest that things moved in another direction, but fortunately the superior option over the table won and when we can finally sen transactions for a low fee in an almost instantaneous way and bitcoin can handle hundreds of thousands of transactions per second then bitcoin will be ready for full adoption.
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