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1241  Economy / Speculation / Re: How long will the bear market last? on: July 15, 2018, 07:43:16 AM
No body can surely know when the market trend will reverse but one thing is for sure, sooner or later the market will recover and the price will rise.
No way at all. Every trend in the market can last for as long as it wants to or as long as the supply or demand pressure is still intact and in this case we all know how much the supply has been huge for the past couple of months which is still not subsiding at least not just yet. We will have to keep watching to see how things will end but I am sure when it is all over, we will get to see a consolidation phase before we can see any change of trend at least.

For the prediction of Bitcoin price will soar high I also believe that. We may see it  going  back to the former all time high. 
If the bear market comes to end then not just former ATH, we will have new ATH which may be around $50k levels. I guess bear market is losing its power right now hence we may see new ATH by this year end.
1242  Economy / Economics / Re: Bitcoin value on: July 15, 2018, 05:27:05 AM
All of these problems arises from Bitcoin being the first of its kind in the world and also is very very young as a currency in itself. That being said, given time Bitcoin and any other crypto currency will become stable enough that investors will be more than willing to adopt it in their businesses. What matters is time, time enough for Bitcoin to be stable.
The most used, the most known and simply everyone wants to be a part of it. If you are to buy any other token or coin, you simply will have to get bitcoin first to exchange with those assets which makes bitcoin more like the centerpiece of everything.

We just need to be patience, see how things evolve gradually rather than just expecting some speedy development that ends up being shabby in the long run. Over time, I believe things will get better, mass adoption will kick in and some of the things we keep complaining about now will be the things of the past and maybe by then we will start looking at more advanced problems.
1243  Economy / Trading Discussion / Re: Applicable trading apps on: July 15, 2018, 04:57:30 AM
-snip-
Yes, I sorry if I have mistaken thanks for the link. I've tried to learn how to trade and I just want to know what are the best app should I probably used.

Try TabTrader if you have Android phones. It supports many popular exchanges such as Bittrex or Binance. Not only that, you can use a lot of tools to analyze the price, such as MACD, RSI, SMA, EMA, and a lot more. I've been using it for a while now.

If you wanted to learn about technical analysis, you can visit Babypips, Tradingforex and others sites. Even though they're teaching about forex technical analysis, you can apply the same to cryptocurrencies.
Thank you for the ideas well I'm starting to learn more about trading maybe this might actually help me, I just want to be assured the the site or apps that I'm going to used is not a scheme.
Good thing you are starting to learn about trading and I must say you should try as much as possible to learn as much as you can so you do not end up flopping pretty bad. However, it is a good thing you are making the right choice, and for one fact, tab trader is a good option to start for a good mobile trading application. You can do everything you will do on most of the exchanges right on this app.

I trade on bittrex, binance and Kucoin, which I do not have to login to them every day considering everything is done on this app. For PC, I use coinigy but that comes with a fee after you have ended up using all your free time.
1244  Economy / Trading Discussion / Re: A trader's heart on: July 15, 2018, 03:14:24 AM
I think crypto provides us with a chance to get money and at the same time to be a gambler, take risks, get adrenaline. as for me, it is like this. I don't know how about you but for the most people it is like this I think
Well, if you are considering the idea of gambling, it becomes pretty obvious it is more of a gambling to someone without strategy. Every trader is taking risk but what makes a good trader better from a bad one is the availability of strategy to make decisions. Before even getting into a market, it is always sensible to consider the loss to profit ratio and see if it is actually worth getting into at that moment or not, but without knowledge, I guess that is something an ignorant trader will find hard to do.

if its value goes down you still have not lost your money as long as you still keep it, if gambling you will lose all your money once you have lose.
There were thousands of arguments on comparing trading with gambling. Still I never agree that as trading is a skillful act unless it is being done without reasons. Your analysis must indicate those reasons.
1245  Economy / Speculation / Re: discuss the market? on: July 15, 2018, 02:29:55 AM
I think btc will not slip 6k. although it was at 5k8 earlier. Because, this is the threshold "support" and “psychology” of investors. btc values ​​continue to go down, all altcoin will bring about a psychological crisis and real belief. I think that this time will be the premise for bitcoin to flourish and flourish in Q4 this year.
It is still too early to think as the possibility of slipping through anything at this stage is easy in a bear trend. So far, breaking out from a wedge downward can mean a huge selling spree and with that, breaking of $6500 will be easier than even breaking $6850 resistance.

We just have to wait to see what the market is going to be bringing in coming days but I would not say anything much should be expected for now. Q4 is actually expected and close to the end to see some serious upward move at all. Because, there could be no big reasons for this down to persist year long except those profit booking slide and the panic followed to that.
1246  Economy / Trading Discussion / Re: Will you trade Bitcoin to buy Altcoins? on: July 15, 2018, 01:31:55 AM
I do used bitcoin   to buy altcoins  because some altcoins are very cheap now and in future one can really make good money from it.  The rate it takes bitcoin to double in price is not the same rate it do take other coins to double in price because those coins that are below $1 can easily get you profit than bitcoin.
For some years now, trading altcoins has really been able to help me accrue quite a good number of bitcoin. One thing about altcoins is that they tend to have huge fluctuations and it is actually one of the easiest ways of increasing one's profit hugely if you are able to trade the market effectively to your advantage.

What are needed are just the knowledge and the necessity to stick with coins with great potentials and good support from the community and that is all it takes.
1247  Economy / Gambling discussion / Re: Do you play online casino? if Yes... on: July 14, 2018, 02:56:11 PM
Yes, I tried and it was a fun experience for me. I tried slot machines and even I did not win, I feel so happy playing on it. I did not really aim on winning because I only used a small amount of satoshis and just hoping a bit that perhaps I could win.
I believe game like slot machines anyway is not totally different from the one we get to see in traditional casinos as that is even simply based on luck anyway and the guarantee that you win at all is more like you being at the mercy of the slot machine as far as I am concerned. It depends on each individual anyway, but one thing with gambling is that catching fun or looking for money by all means depends solely on each individual.

Playing online casino must be fulfilled for most of the gamblers here as per their shared experience but unfortunately we do not have such one as gambling is absolutely prohibited in my country. Hence, imaging how good a real casino visit will be, is the only possible way in front of myself.
1248  Economy / Gambling discussion / Re: The way to win in gambling on: July 14, 2018, 12:39:12 PM
To win in gambling and to make money out of it you should know when to "STOP" and if successfully do that then you can make good money out of it and if not then only house will win and you will be left empty handed at the end of the day and if you have habit of getting greedy then gambling is not the right place for you to make money.
Making money out of it should even be the last thing any gambler should be thinking of.
If you do, just consider yourself lucky and stop immediately unless you actually do not have any plans of winning anyway and you are looking to have fun by blowing out all you came into the casino to gamble with as long as your time is not over, and that is still some limit.

Limit is easy to place when you are not expecting any winning from gambling and if you eventually win a lot from it, you sure would just consider yourself very lucky then.
1249  Economy / Gambling discussion / Re: Life with a Gambler - Solution! on: July 14, 2018, 12:03:14 PM
Everything works when is done or used in some limits. That’s why when we buy some new electronic appliance, there is a note printed somewhere on that thing with precautionary measurements written on it. These precautionary measures are basically the limits of that thing which means that beside these circumstances, this thing will not work.
As long as you go beyond limit in most cases, you are always going to be bound to enter deep shit most of the time with gambling not being an exception.  A lot of people believe that gambling is going to give them the financial freedom they have always dreamt of and then totally forgot that this is just a game of luck and in most cases, luck is actually something you do not want to rely on all the time, all in the name of wanting to gamble.

As day goes by and they started noticing that they were wrong, it would only take them to get out of it only if they can overcome the impulses of not wanting to go ahead.
1250  Economy / Gambling discussion / Re: To quit gambling is to quit yourself on: July 14, 2018, 09:11:52 AM
Base on my experience it is really hard to quit gambling specially when you are already used to it, before my parents will get mad at me becauase I forgot my responsibility as a mom also they sees me almost got broke because of being addicted in gambling. One day I realize to quit gambling and I really want to do it so by the help of my love ones and determination to change I now stop or quit in gambling .

In my own points of view, to quit gambling doesn't mean you quit yourself because we can find other alternate to gambling which we can make our life meaningful. We can set other kinds of habit to entertain ourselves.  Let's make our family the true and meaning of our life.


You are absolutely right because we have other sources of Entertainment for free, we should not bother much about that the gambling which we left because it is always good to leave before we are losing fame and money. Once we are quit we have to find other sources of entertainment to manage ourselves not to bother about it again and again.
May God bless you Smiley. The whole idea of catching fun from gambling anyway is just a way for some people to justify the reason why they gamble and pull away the idea from their head that they are simply gambling to win.

If you are not gambling to win, then where is the fun ? The only thing here is to just know how to control yourself without expecting too much from it and then know how to limit yourself in a way so that things would not get out of hand and if things eventually get out of hands, it is still in your hands to quit or to let gamble destroy you.
1251  Economy / Speculation / Re: It's not too late to sell on: July 14, 2018, 08:38:27 AM
Market of current time encourages us to invest with more amount so as to get a lot of Bitcoins by using less amount lesser than the amount with which if we invest in high market we get less coins. So this is the benefit to use less money and will payoff the most in high market.

Those who have bought coins at low market price are now after the increase in price they can see it for profit. However if they are more productive then they will stay a little more to get maximum profit.
Yeah, that is the main idea.
The market is actually being dealt by the bears and the possibility of seeing it go as low as $2000 is something that is for sure possible, but if we are to face one fact, this is just a good time to start buying as much as possible and one thing that would make me so angry is bitcoin hitting as low as $2000 and not having the money to buy it.

Save up guys, as this could be a great opportunity for those who have been longing to get into bitcoin at a very good price.
1252  Economy / Speculation / Re: Buy $20k when bitcoin falls to $1? on: July 14, 2018, 08:07:41 AM
Let's say bitcoin buble bursts and it falls to $1
Then I buy 20,000 dollars worth of bitcoin at $1 per bitcoin
And hold it for 10 years
Is it a good idea?
Or will bitcoin fall to 0.00 and never recover?
What can go wrong with this strategy?


If the Price of Bitcoin Drops to $1 , all asic miners will stop mining it and the network will freeze in a death spiral.
At that point no one will buy it and no one can transfer it since the chain is dead.

Bitcoin costs to maintain the network run in the millions every month in hardware and electricity costs, unless you can maintain the network alone, your plan would fail.

Unlike real gold, if the miners stop mining it, your Bitcoins have no value.  Tongue
I really do not even see how that can be a possibility in the first place which makes the OP question vague and unrealistic.

One thing is expecting something and another thing is knowing if it could happen or not, and since the possibility of seeing it happen can only be linked to a death spiral (borrowing your word), then that is not about a bubble popping, it is totally a different cause that must have sent almost everyone trying to sell off as much as possible, but one thing though, who is going to be buying as most of us would just simply be bag holding anyway.
1253  Economy / Speculation / Re: Uptrend again? Bitcoin will reach 10k$ soon? on: July 14, 2018, 07:34:41 AM
As I see this time, Bitcoin is on the trend to 10k$ but I really don't know is this will be true or not because I see the stuck will be come on 7k5$.
What do you think?
Everyone has entitled on his own opinion and own speculation,but whats the matter here is the reality and the market situation now,that many experts says recovery will take atleast 2 years from the dip,means January of 2020 is the least time that may be back on the hype again,i know ithard to admit but this is what will happen
Recovery is not always something sweet to experience, it may not take as much as 2 years, but it can hover for a very long time that some would even be bored and probably lose hope on the market at that point in time.

The mistake so many people make is that, they expect that all of a sudden the market would just boom once it hits the bottom, but that is not how things work in any market as far as I am concerned. We still have some ways to go in this market and over time we will get to know what it holds for us.
1254  Economy / Speculation / Re: Reason to stay in this bear market. on: July 13, 2018, 06:15:29 PM
I agree with your post. In crypto market it is pretty normal for a market to take a blow upside down, it gives an opportunities to take a partake while the market is down by buying a crypto assets for a cheap price and that's what smart people intends to do. Only weak hands cannot agree with this because they just dumped without thinking that a market will always bounce back from a downfall whatever happens.
Very normal, and not just in crypto market as this can and has happened severally in FOREX, stocks name them. The only thing here is just the volatility rate and some form of manipulations, but with a new market, we have evolved over the years to have a more matured market than we used to and as we keep moving forward, it would still keep getting even more matured.

Like you said, only weak hands will be panicking right now simply because they bought for the wrong reason which was to get rich overnight.
1255  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Future of altcoins? on: July 13, 2018, 05:25:39 PM
Most will whither and die, but when they do new ones will take their place.
Dont be complacent in your alt coins
A lot of them are already experiencing that fate as you scroll to the last page of coinmarketcap and so many more to come.
As the market gets more matured, we will get to start seeing very few altcoins makes the waves, and not just some random pump and dump coins trying to make name as a result of that.

Nevertheless, we may still have some exchanges that would be listing some of those coins or tokens in particular, but that is where we will be having our own version of penny stocks.
1256  Alternate cryptocurrencies / Speculation (Altcoins) / Re: why listing on kucoin is worst idea on: July 13, 2018, 02:47:16 PM
I don't see this problem with kucoin as much. We should be worrying about the big exchanges like binance.

Thoughts on stablecoins like havven for exchanges??
The whole market itself is actually down and rather than pushing the whole blame on Kucoin as at why the tokens take a huge dip, I guess we focus on things that are much more important. This has been happening recently on every other exchanges with a token hitting the exchange and getting dumped, such as bittrex, binance and the likes.

Kucoin does not have any issue here and as long as the volume keeps growing bit by bit, that is what is important as we really need those exchanges to keep coming to create a more competitive space eventually.
1257  Economy / Economics / Re: Cryptocurrency or Stock Market? on: July 13, 2018, 02:17:41 PM
For now, stock market.  Both are risky but at least we have a real thing if we invest in stock.
What is not real here ? Cryptocurrency ? The fact that the market is new does not mean it is not real. A lot of companies are gradually integrating the blockchain technology to build a product for them-selves in the crypto market and for sure, we all know that is just a start as there would be many more incidents to come in the long run.

Crypto will do great as we keep forging on, and the only thing anyone should be considering at all when comparing both is just the level of risk which in this case, taking higher risk can actually result to mouthwatering results, so it is each one's take.
1258  Economy / Economics / Re: The money started coming back to the cryptocurrency market on: July 13, 2018, 08:49:57 AM
You shouldn't make a mistake of double counting since the circulation supply can not be determine at a particular instance because money moves in and out any time .
Right, we cannot even be basing the little amount that moved in with respect to some quick pump with no strong bull force to be a tune to the upper side all of a sudden and considering the volume as well, it is obvious the smart moneys are just busy watching in 3D to see how the whole quick short move was going to be playing out.

The same few bucks that just moved in can easily be moved out as the dump starts all over again and the value of btc comes down.
1259  Economy / Speculation / Re: Uptrend again? Bitcoin will reach 10k$ soon? on: July 12, 2018, 08:19:33 AM
Where wat? U drunk?
Lol, I am sure he is and probably drunk on the idea of expecting a huge recovery when the market is still in a huge bear trend. We are not even close to breaking $6850 before the buying momentum dropped and someone is so drunk that he is thinking of $10k. What even happened to huge resistance that is possible at $7k+ region ?

Bitcoin may still have one more leg downward before even considering any serious move at all. But the fortunate thing here must be $6000 levels still acts as a perfect support level which means even may go down to test $5800 levels, market may bounce back as early as possible for helping us not to worry more.
1260  Economy / Speculation / Re: Opportunity to Invest in Bitcoin !!! on: July 12, 2018, 07:49:44 AM
now is an excellent opportunity to store as much bitcoin as possible. certainly should invest in the long term. but that need to be remembered not once invest in bitcoin using loan capital from Bank
Yes I agree, this is the right opportunity for the users to have more btc as much as we can. Invest on btc since the price now is not in all time high. Buy btc this is the best chance to have at this rate then we can hold to sell when it is higher price.
It is a great opportunity indeed, but I am sure even more sweet opportunities will still end up coming anyway as the market still show some possibility of going down the more. We can say for now though that things are beginning to look more like a chance for those who could not get in earlier due to the FOMOed price and waiting for the best time to get in, should be taking such a great opportunity now.

No one knows how low it would go, but picking the dips bit by bit is always an easy way out. I guess in coming weeks also bitcoin may show up similar opportunities to keep us investing with it. But they may not need to be lower than this still those opportunities will be comparatively lower than prices then.
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