Even those self-proclaimed experts in the field of trading still lose a big amount of money when they trade, it's just that others are just more prone in losing in trading because of the lack in experience. We always have a 50-50% chance of earning a satisfiable amount or not, while experienced traders can eliminate the odds and make the percentage for earning a profit higher than losing.
This is also another reason why people fail at trading, they have completely false expectations about their winning ratio, they think that good traders never lose, that they always win and that is not going to happen, whenever you enter in an activity in which there is the possibility of winning or losing you need to be prepared for the fact that you are going to lose, but traders probably win 60% up to 70% of their trades and that is at their best, because as we know traders have also some bad luck once in a while and their winning ratio goes even lower during those periods, |
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The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
I think you got some concepts wrong, you cannot generate wealth by just printing currency that is precisely what causes inflation, you have an higher amount of currency chasing the same amount of goods and services, wealth is generated when new products and services enter in the economy, if governments did not printed more currency or at least they did at a slower pace than the real growth then you will have the opposite effect of inflation, every year you could buy more with the same amount money but that will make the population richer and they do not want that. |
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I just want to know how those people behind bitcoin secure the money they will invest because as far as I know there are lots of hackers all over the world.
There is no way to secure your coins against every form of attack, that is simply impossible, however you can really lower the chances of losing your coins to hackers by taking a few steps, stop using insecure operative systems like Windows, use Linux it is way safer than Windows, stop clicking in everything you see and stop installing pirated software, if you do those small things the chances of being hacked get lower, but you can take additional steps like creating a paper wallet or buying a hardware wallet. |
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I think yes, why not. But we need more stable and regulated crypto economy operating already to perform that, otherwise no.
I think we do not really need a more stable and regulated market in order for small business to use bitcoin or any other cryptocurrency, many businesses were accepting bitcoin when it was very volatile because of the cheap fees, and businesses began to drop bitcoin when the fees got very high, what we need are cheap fees, segwit alleviated the problem somehow but if we want a permanent solution that will make bitcoin accepted all over the world then the lightning network will have to work because if it does the fees are going to be incredibly cheap and business all over the world will finally accept bitcoin permanently. |
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Here's a nice read on the growth of cryptocurrency vis-a-vis the attacks that seem to hinder it also: "Since they first hit financial markets, and moreso as their popularity expands, cryptocurrencies—specifically the decentralized digital technology that underlies alt-currencies—have also been a lure for individuals looking for an efficient way to hide their identities, activities and illegal financial transactions. Even as the number and types of tokens proliferate, certain alt-currencies have also become the aiders and abbetors of criminal activity, darkside coins if you will." Read the rest of the writeup here: https://www.investing.com/analysis/as-cryptocurrencies-proliferate-so-do-certain-criminal-activities-200302190This is more of the same, like always the media is trying to make it seem like the only persons that use cryptocurrencies are criminals and nothing more, while there is no doubt that there is criminal activity in cryptocurrencies, this is nothing to be surprised about, there is a big amount of criminal activity in regular currencies as well and there is no one claiming that we should ban those currencies just because criminals have found a way to take advantage of it, so that is a very weak argument to try to say that cryptocurrencies need a heavy regulation. |
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10% to 20% fluctuation in crypto trading is common during unstable markets. The worst thing you can do is to panic sell.
It is either you hold on to the coin till it rise or buy more of the coin at a lower price to lower the average buying price.
This is completely true in other markets a fluctuation of 10% or even 20% could be a disaster, and the media will be covering that huge crash and people will be very nervous about their investments, but when you invest in the market of cryptocurrencies you need to leave that kind of panic behind you I know it is not easy but such movements are very common in this market it is not rare to see a drop of 10% and then the next day we see a rise of 10%, so people need to adapt to the way this market moves if they don't they will lose money. |
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Will Bitcoins hit 30K before the end of this year?
Do you also have kind of assumption? I already have...
It is very unlikely that were going to see the price of 30000 at the end of the year, right now we are having trouble surpassing 10000 besides in order to reach that price we will need a huge amount of money coming into the market from new investors and from old investors, and the problem is that most of the old investors have already invested everything that they could afford in the previous year so they need more time before they can save more money in order to invest in this market, so most of the growth will need to come from new investors and for that you need a series of good news that makes those new investors positive that investing in cryptocurrencies is their best choice. |
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Well what's your guess with regard to the further market's pulse?
That would be a fall? What relative indicators can you see? Nothing. Possible negative news in mass media, no.. people are taught by the previous news fakes like limitations in India..
It would more likely be a growth chain reaction in spite of a little market correction or a big sales..
Anyway what's your opinion?
Probably neither, I do not see any number of bad news that could make the price crash at the moment, besides the price is already very cheap compared to the prices that we reach at the end of the previous year, however I do not see either a reason for why the market could grow up in a continuous way, there are no positive news of more adoption and the developers of bitcoin are not giving us good news either, so in my opinion what we're going to see is the market moving close to the current range for months without much happening. |
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The price of bitcoin is not purely depend on the new investors.Because it also depends on existing user too.If the existing user sell their long term holding with huge capacity means,surely it leads to the some fluctuation.And the existing user to buy huge bitcoin as compared to new investor.
The weight of existing investors having bitcoin is way bigger than the weight that new investors could have, can you imagine what will happen if whales began selling all their bitcoins? That will probably crash the market in a way that we have never seen, there are many long term holders of bitcoin this means that these reduces the supply and makes the price to go up, but if that doesn't happen anymore the price of bitcoin will be very low compared to what we have now so in my opinion the current investors in bitcoin have a lot more influence in the price than new investors. |
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Cryptocurrency is not risk. If know the all process. Then easy to use the cryptocurrency. So before use the cryptocurrency check the price list and process. Coin price is any time to change. So follow the coin price day by day. Then get more ideas and time to complete the process. It good opportunity for future saving and improve the business process. So time is important for this process.
Of course it is a risk, what do you mean when you say that cryptocurrency is not a risk? Did you forgot what happen in December? Because it seems that you forgot that many people came in the market in December which drove the prices of bitcoin and other cryptocurrencies to new all time highs and suddenly we saw a huge crash where people lost fortunes in the process. |
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Not only that.We should include the one of the reason why adoption rate is way too slow specially on traditional people who do only knew about local fiat which wont easily entrust crypto therefore considering its technology isnt really too rampant on non techy persons and for those who have only awareness into technical aspects will do have only the chance to adopt.
That is definitely a problem there are many people that prefer to touch their money with their hands instead of relying on credit or debit cards, in fact I know a lot of people like that and if bitcoin did not existed I would prefer to have cash or gold as well so I cannot blame them, but as time passes they need to realize that bitcoin and cryptocurrencies are the best way to store their money, I know there is a generational gap that needs to be addressed and it is possible that adoption of bitcoin is not going to grow in a very significant way until the young people of today become the leaders of tomorrow. |
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Bitcoin will eventually end up like gold. Gold has a very long history behind it and bitcoin is at its early stage yet so it takes time for that to happen. If all 21 million bitcoin will be mined and circulated then absolutely the means that it is accepted worldwide and people will start using it and no entity will manipulate it anymore. That can lessen the volatility of bitcoin's price.
There is in fact a big chance that happens, bitcoin has a very limited supply and when something has a very limited supply it has a tendency to go up in value and when we take into account that the value of bitcoin is so high despite the fact that very few people around the world have adopted, it is very likely that we are going to see a huge price when people finally realize the scam that is the fiat economy, at that point I think we're going to see adoption growing incredibly fast and at that point the volatility could go down somewhat. |
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I'm just reading an article in the newspaper. Klaus W. Wellershoff (a last chief in UBS Bank) says that's impossible to use a currency with volatility as money. If the value of the money decrease, that means the value of the merchandise decrease. For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
A currency with high volatility can be used as a currency people will just have to adapt themselves to it, you just need to look at what happens when a currency goes through hyperinflation, when that happens people adapt to that currency by spending their money as fast as they can because if they don't do it then they will not be able to buy the same products and services tomorrow, and if people can use a currency like that even for a short amount of time then people will be able to adapt to bitcoin and its movements. |
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in my opinion, bitcoin is not a currency, but merely an asset, more or less like a stock.
even we know the price of bitcoin can not be stable, since 2009 until now the fluctuation is quite dangerous
Bitcoin is a currency, satoshi created bitcoin as a currency and if you look at the characteristics of bitcoin, bitcoin fits all the characteristics of a currency, there are many reasons of why bitcoin is not being used as a currency, one of the most important is that is incredibly valuable and people do not want to use it because they feel that if they do it they will lose on the potential profits that they could get if they keep holding their bitcoin, and the recent bull run that we experimented at the end of the previous year proves them right. |
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How many cryptos should Ihave in my portfolio? Are there one recommended diversification ( like having 3 or 4 coins) ?
There is not a particular number of coins that you should hold to diversify your portfolio, it will depend entirely on what kind of investor you are and how much effort are you willing to put to monitor your portfolio, if you are not afraid to get rid of your coins after some months and you are willing to watch the market every day for a few hours then you could have 25 to 50 coins in your portfolio, but if you are only going to check the market occasionally and if you want to hold your coins for more than a year then having less than 10 coins could be ideal for you. |
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In my opinion the main reason why people lose so much money when they trade is that they start too soon, when people hear about cryptocurrencies they get overexcited about the potential profits that they can make, and instead of trying to learn as much as possible about the market, the history, the technology and the techniques needed to become a successful trader, instead they just buy whatever new coin is the most popular at the moment, some may be lucky and make money but the majority of them will lose money because of their rushed decision.
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Nobody should get high here on ICOs, myths or not. They truly aren't what they seem. Most times the developers don't even stick to the WP or the Roadmap. I ain't even talking about the inherent scams and of devs absconding with investors' hard earned money. Myth unveiled or not, people should tread carefully with ICOs.
This is correct, even if you exclude the scams, the behavior of the developers even on legitimate icos leave a lot to be desired, there are many developers that do not communicate in a timely fashion with their investors, I know that they are busy and that they cannot answer every question every day since they have work to do, but it is not that hard to take half an hour every week to answer to questions and criticism about the project, but they do not do that and that is why many people lose faith in the project and sell their coins for a loss because even a legitimate ico may seem like a scam by the behavior of the developers. |
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Well, OP, that's what we kind of have now. Everyone's using bitcoin (apart from other alt-coins), so I'd say that it's being used globally. But, if you mean that one and only one crypto will be used, then the answer is no. Creating your own crypto is easy nowdays and everyone can do it. Also, countries are developing their own. The way I see it playing out is: - all countries will have their own crypto, backed by fiat - various cryptos will be used in various businesses they're designed for. One coin for one business. - they'll probably become something of a token. Something like what steam has, but you'd be buying crypto instead of dealing with fiat on their platform p.s. also what you're referring to is somewhat close to NWO  You are not wrong with your predictions, but any cryptocurrency backed by fiat is not backed by anything, governments may try to make it seem as if the cryptocurrency they have created is better than decentralized currencies and I'm very sure that a significant portion of the population is going to be deceived, but the cryptocurrency they create will have the same weakness as fiat and that is that they will be able to print as much of their own crypto as they want, eventually this will create inflation and will reduce the value of their tokens. |
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Of course, the Government of any country can develop its cryptocurrency. As examples you can look at the experience of Venezuela and Iran. But I am closer to the approach of Japan-not to invent a bicycle, but to work effectively with existing cryptocurrencies.
Correct, while I'm not surprised that Japan has adopted bitcoin so quickly since it's a country that is very advanced and loves to adopt the technology, at the same time I'm very surprised that they seem to be taking almost all the right steps, they created a regulation but it is not a very strict regulation, they have decided to just let the market do its thing instead of trying to create their own cryptocurrency, like the countries that you are mentioning, so I foresee that in the near future Japan is going to get a big edge over most countries around the world when it comes to foreign investment related to cryptocurrencies. |
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Cryptocurrency turnover is still very small. But, soon we will switch to cryptocurrency in all spheres and industries. Paper money today is already outdated. The future belongs to cryptocurrency!
While you are correct when you say that cash is outdated that does not mean that an outdated technology cannot bring benefits to people, we are a a few centuries too soon to implement digital currencies all over the world, now most money is moving in a digital form but we still need cash there are many poor people that do not have access to technology and they could not use digital money if that was the only way to access the economy, we will need to come to a point in history in which every single person around the world has at least a smart phone with connection to the Internet. |
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