coupled with the efforts of bitcoin ETF, will increasingly attract the interest of the public to invest in crypto, not just interested. but how about that the public interest in crypto is large, but crypto is still only used as an investment asset, and cannot be used as a legal payment instrument.
with more and more governments legalizing bitcoin, of course bitcoin will be used as a legitimate payment instrument. of course America will become a prosperous country, because when it is accepted as a payment instrument, prices have soared |
|
|
|
When I plunge to trade small capital including the right step for the learning process because with rapid price movements, traders must be prepared to accept all risk and are always optimistic that by investing success can be achieved in the future.
right, start with the capital that you are sincere. so there is no big load. i am sure that this will accelerate our learning process. because without fear and worry, even though it is all natural, but at least we can manage it |
|
|
|
If you want a practice trading you need to imagine if you want to trade outside of crypto to learn some how mistakes that you do in trading.
That is were many of investors are losing money. The reality is that you should demo and practicing before putting in your hard earned money into any readable assets such as bitcoin, forex, commodities and betting. Opportunities are out there and your skills is what put money into your pocket. i think learning a good demo, but don't study too long in it. certainly will have a different level of psychology. i think this is a basic lesson for all the trades you mention. too confident is not good either |
|
|
|
trading for beginners must have capital first, if we already have the capital must choose the coin price that is going down in price, if we have bought it we have to wait for the coin that we have bought the price goes up, that's how beginners trade
capital must have to buy coins. but for beginners i recommend long-term trading. so it is not confused with uncertain price fluctuations. other than that, choose the recommended trading platform, so it will be more comfortable during learning process |
|
|
|
Trading is one of the my hope to change my financial because in my country is very hard to looking for job that give montly salary more than $300, but if trading i can earn more than that. Although is not consistent yet but i keep learning from the previous mistake, many expert trader can reached financial freedom from trading , so i also have chance to make it.
enjoying learning process is the best way to become a trader with consistent profit. most people today just want something instant, and in the end they regret it. no trader has never made a mistake. for that we must be passionate |
|
|
|
This is my new article, I am posting it here for discussion, thx for your comments. original article medium link is https://medium.com/@paul.fabozzi/what-makes-bitcoin-so-special-6734b54f689 What Makes Bitcoin So SpecialAnd why a “better” version of Bitcoin won’t replace it so easilyBitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior? This article will explore some of the properties of bitcoin and how they come together to make something truly unique, and not very easy to duplicate. DecentralizationThere would be nothing special about Bitcoin if it were not decentralized. Its that its decentralized that gives it such appeal, nobody is in control, and that’s good. Its natural to want to solve problems by centralizing the solution, but as you do this you create centralized power, which is basically what bitcoin was invented to replace. Bitcoin was invented to be the peoples money, not a crypto PayPal. Decentralization is not always black and white, or yes/no. It’s a scale, and this scale is always under constant pressure. Sometimes centralization attempts are hidden from view, disguised as scaling upgrades. Bitcoin has resisted these well-coordinated attacks on the network successfully. Bitcoin was born in the wild of the cypherpunk internet back corners, and has grown decentralized from there organically. Its, still anonymous inventor (Satoshi Nakamoto) disappeared shortly after starting up the network, and since then the software that runs the nodes are developed and maintained by thousands of volunteers and contributors. Even its development is the most decentralized. Decentralization also means there is nobody to ask permission to use it, nobody who can sensor it, no way to keep transactions inside real world borders, nobody who has ability to seize funds or reverse transactions, nobody to ask permission to start a new application or startup on it. These qualities are all features, not bugs. Bitcoin has the highest overall level of decentralization among all cryptocurrencies. ImmutabilityOne of Bitcoins most valuable properties is the immutability of its blockchain. To be immutable means it cannot be changed, and having an unchangeable ledger is something that has never been possible before bitcoin. This is where bitcoin and all of the other coins are different, none of the other coins or altcoins can claim to have a truly immutable ledger or blockchain. Bitcoins consensus algorithm is what regulates and controls how bitcoin works, and it’s very difficult to change consensus without all the interested parties agreeing. There is no president or founder who can wave their magic wand and force consensus changes upon the network like all the other altcoins have. There is no one person, or group of people who are in control of bitcoin, and that’s good. A certain level of inertia in regards to the consensus algorithm exists in bitcoin that is beneficial to its immutability. You generally don’t want to have a system that can be changed very quickly on a whim containing Billions of USD worth of value. For instance, if it was decided by the miners that the mining reward needed to be doubled, such a proposal would be met with great resistance from the other interested parties, and would fail. (*Bitcoins interested parties include bitcoin holders, wallet software developers, miners, developers, merchants, application developers, and others. ) As a side effect, while bitcoin adoption grows it will be harder and harder to get network upgrades into consensus to support increased scaling, and improved privacy features that are on the developers roadmap. Eventually it will be impossible to change the consensus algorithm and it will be locked in stone. · Bitcoin miners provide the processing power that secures the Bitcoin blockchain with 50,599,447,508,000,000(as of this writing) SHA256 Hashes Per Second. This hashing power significantly contributes to the security and immutability of the Bitcoin blockchain. · To be able to keep a secure global immutable ledger without having any intermediaries involved is a tremendous advancement in modern financial technology. · Participants in such a network should also expect reduced counter-party risk exposure. AntifragilityAntifragility is a property of systems that increase in capability, resilience, or robustness as a result of stressors, shocks, volatility, noise, mistakes, faults, attacks, or failures. — Wikipedia.orgBitcoin has been under constant attack ever since its early days. A network that, as of this writing, holds $110 billion in value makes for a big honeypot. As a result bitcoin has developed a certain immune system that continues to improve into the future. - One of the early fixes to the early bitcoin protocol was to make the script language turing incomplete, which means you cannot write very complex smart contracts on its blockchain. This was removed from the bitcoin protocol because it introduced a broad attack surface. The removal of turing complete scripts from bitcoin hardened it and protected it from many possible attacks. It was decided early in Bitcoins development that it would favor safety and security over flexibility. Many other adjustments have been enacted along the way in response to the constant barrage of attacks.
To say that bitcoin has survived and thrived in this environment is an understatement. Bitcoin has never once suffered a hack to its protocol, not once has an invalid transaction been included into the blockchain, not once has a transaction been reversed after suitably being recorded onto the blockchain. Sure, many have had there bitcoin hacked, but its important to know that all of those cases are of people being sloppy with their private keys. Bitcoin was not hacked, your keys were stolen. If you are sloppy with the combination to your safe, don’t be upset when you find it empty. Not your keys, not your bitcoin. I expect that bitcoin will continue to adapt and evolve in response to future threats. ScarcityBitcoin could possibly be the most scarce asset on earth. There will only ever be barely 21 million bitcoin in existence. Taking into account its decentralized nature, and its immutability, and the inert nature of its protocol development its hard to see this ever changing. With over 7 billion humans on earth, there are not many to go around. fortunately each of those bitcoin can be broken into 100,000,000 units called Satoshi. Unlike gold when the demand for bitcoin quickly rises, the miners cannot just increase the supply in response to increased demand. There is no way to just mine more bitcoin in response to demand. This dynamic along with bitcoins schedule of diminishing mining rewards will contribute to its rarity as adoption grows. This could produce a market cap many multiples of where we are today in a short period of time. Many of the altcoins have no coin cap, or have such weak security model that the cap can be changed by decree. These properties are conducive to the bitcoin network being a great store of value outside the traditional monetary system. The lightning NetworkIn early 2018 a second layer network on top of bitcoin began to run, the Lightning Network. This new network promises to solve many of the scaling challenges that are inherent with recording every single global transaction onto the blockchain. The Lightning Network basically allows for many off-chain transactions to take place that are periodically settled on-chain. The Lightning Network also easily allows for micro transactions, streaming money applications, and a new kind of transaction called atomic swaps, swap Bitcoin for Litecoin without an exchange in a trustless environment. Many other applications are being built on top of the lightning network, many more still have not been thought up yet. Further when making lightning transactions there is never a need to wait 10 minutes for transactions to confirm into a block, like you would when making regular on-chain bitcoin transactions. With a good lightning wallet, and a few bucks worth of bitcoin in a payment channel you (And everyone else on earth) will be able to get that allusive cup of coffee every morning with bitcoin and not break the network. The Lightning Network is just one of many possible layer 2 networks.There are also plans for a second layer network www.rsk.co that will support rich ethereum style smart contracts (turing complete) with bitcoin(BTC) as the token. With all the new capabilities made possible by the 2017 segregated witness upgrade to bitcoin, its possible that many nich cryptocurrency applications could be handled on a second layer using bitcoin as its token. In ConclusionIn modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied. Bitcoin is different from other coins and also bitcoin which puts the crypto currency first to the world and becomes famous as it is now. So that bitcoin becomes special in the eyes of those who see it. many are interested in bitcoin because at the end of last year price jumped significantly, so many wanted rich quick. but for those who already know bitcoin at the beginning, of course they have become rich |
|
|
|
It is not much difficult to understand cryptocurrency market nowadays as many educational materials are available online and this forum is a deep sea of knowledge of crypto. Awareness about this market is growing now through all social and print media.
i think that in beginning many experienced difficulties because they did not understand. but if i study, i think i will understand and don't consider cryptocurrency difficult, especially if you use it often |
|
|
|
we should not give up in any condition at cryptocurrency market.this is not give us best solution, and if we give up with currency condition its means all time we had already spend could be useless.
when price falls is an opportunity to find a place to enter market. of course it is for potential coins in the future, so our waiting is not in vain. many investors are actually happy with such conditions, because of greater profit-seeking opportunities |
|
|
|
I think what you need is that you have to be able to have expertise that can determine the right time to buy and sell coins because if you don't have the expertise, I think it will be very difficult to create profits, and make sure you have very much capital and can trade with fast motion by utilizing coins that have very fast price movements.
i think capital is not a problem, because the target is 10% per day. i think it's hard to achieve. considering we must have good skills to predict market movements. and 10% per day is a big target |
|
|
|
people can compare bitcoin with eth .its not a problem.
bitcoin is most advanced coin and eth is call 2nd bitcoin and eth will develop well.
indeed both have influence on others, as we know when btc goes down price of other crypto goes down, and vice versa. whereas eth is very influential on other tokens |
|
|
|
Bitcoin is just made of 0s and 1s, I agree with some of your point but like a paper money or other physical currency, many people patronize and use it so it become valuable and use in every possible transaction
as long as i'm active in the world of bitcoin, price of btc is purely from demand and supply, so i think it's far from the ponzi scheme. as a trader, we can get a profit with time of entering and leaving market |
|
|
|
My strategy is to hold my coins and wait for a good value or profit then i will dump it. I also joined airdrops and bounties.
for trading strategies for beginners i think it's good, but remember, it's better to hold a safe coin like btc. do not hold tokens that have just entered exchange, of course threat of a dump is very large |
|
|
|
For the cutloss target it is very efficient but the profit target for 2% is very small. And it's 20%-30% is very efficient for profit. The target is very must for trading that is just so not get loss very deeply
i think that if 2% is a daily target, that is big enough. but if the trader is enough with 2% profit for 1 month, of course it is a safe trade. where it is not hard to reach target |
|
|
|
For me the best way to save money on a long term period is every time you get your salary get the 10% of it and invest it in a stocks or in bitcoin. Every cut-off its good to save your 10% for investment. Even the market is on uptrend or downtrend it doesn't matter because your money will cost average it a month so when you at it after a long period you will see that your saved money has a lot more because of profit you get from the stocks or bitcoin you invest into. Don't just save, invest it in an investment instrument that you want and soon you will reap what you sow.
That is one strategy I have always used for myself right from the onset, and you will be surprised at how easy it is for you in the long run, and how valuable savings can be when you want to start executing some investment projects. Like you said, savings should always be an investment instrument, and this is the reason why those who have a specific target related to investment, savings usually is never a huge challenge. by setting aside the free money we will be calm in facing the market. of course it has been fulfilled for that. with the right investment place like cryptos, then we will get a big profit later |
|
|
|
Yes that is true. I mean yes the matket price on crypto currency is all red all year but i gotta say, only in this uear that i could afford to buy one whole Bitcoin. Besides, it's almost impossible to see a market that is all bear. I'm pretty sure therr will be a bull market there somewhere. Also, keep in mind that all these crypto currency have great projects and that is a plus.
right, with the current price drop, making opportunity to buy in large quantities, and hopefully what we expect at the end of the year can be achieved, as at the end of previous year |
|
|
|
I have read a lot of conflicting reports on Trump's effect on the economy and a lot of the numbers seem to be manipulated. In your personal opinion do you think Trump has improved the US economy or made it worse?
i think it was not only trump but his agendas, all his platforms really shaken the economy in terms of foreign relations, america is on a period of transition, that is normal to weaken the financial sector, but i hope he has something in his sleeves to resolve this, he is a businessman, he knows how business works, the ups and downs, i know he has contingencies to resolve the current issues. with a background as a successful businessman, i think he knows what to do, which sometimes makes his decisions less common in our eyes but ultimately has amazing results |
|
|
|
I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
Panic selling will always happen for the people who are not well knowledgeable about how cryptocurrency works, that is the reason we should invest even more when the market prices are decreasing. I think not only investors who are not knowledgeable, panic can come to all investors. if the situation on the market is in very worrying. but I'm sure experienced traders know how to manage their panic so as not to influence the decision he chose.. they can manage panic because they have practiced before, maybe for a long time. panic usually arises from looking at charts, and followed by news of scattered supporters, so they are carried away by the current |
|
|
|
For me it will be good if the unsold token will be burned. There are many says that if the supply of a token/currency is low. The demand will increase while if its huge amount of supply the demand js low so the price is low. So if they burned the unsold token the supply will be decrease and the price will be increase.
right, this will make quality of that token. if it is not burned, the token will certainly have a low price, and investors will be less sympathetic about it. and usually each project will provide information that unsold tokens will be burned when ico takes place |
|
|
|
I think, government wants to forbid bitcoin due to its economic effect. We see how investors invest to cryptocurrency. We shall not be commited to any government law, we need to seek to not to make the government control crpyptocurrency. There will be pros and cons, government can make a law for which they can make corruption over cryptocurrency.
if the government can regulate crypto, so, crypto will no longer to be decentralized, and the government will manipulate crypto according to the economic conditions of its country, if its like that, the domestic currency and crypto make no difference i never thinking government to manipulate cryptomarket.they have no capability on it.as we know today cryptocurrency market was decentralize, so its moved by much person in the world.government should have this power to replace community power. Government of a country has a lot of benefit through banks and the use of Bitcoin or other crypto coin will reduced the banking system as you can say disruption but it can not disrupt completely because we can not say bye bye to banks due to the facilities it is providing. Furthermore if we move towards the new technological system then it is our success as well that is why other countries are using these new systems. right, with a bank system that is already organized, let alone many government banks, if directly permitting crypto, will have a major impact on the economic stability of a country |
|
|
|
Many people prefer choosing coin in market and they dont join in ICOs. The reason is some token from ICOs when landed on exchanger, the price drop below ICOs price and its not good for investor
i am do that , make buy order in market with low price could make me earn more profit than people investing their fund in ico stage.since cryptocurrency market crash , i am affraid joining ico project. of course this is what makes it difficult for us to find ico who achieved hardcap at this time. many people prefer trading by buying potential coins and have a large price reduction, so that later they will get a lot of profit |
|
|
|
|
Show Posts
