In my opinion altcoins help to expand and shake up the cryptocurrency world. They also push the limits of technology that may have not been pushed with bitcoin alone.
Somehow Altcoins shake the market. but one thing for sure stellar coins/token could not abuse the price if there are a lot of options which these are the job of altcoins. Yeah technically a developer will promote their altcoin out and its effects will also influence to the world of cryptocurrency itself. the more crypto will be more and more users cryptocurrency in the world. certainly the most profitable is bitcoin because almost all altcoin price refers to bitcoin prices. for myself more altcoin it will get better |
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Quite possibly this will happen, many factors can influence this. But there is no reason for panic yet. The psychological level is 5.000 strong and will not let bitcoin descend lower. In any case, it can be used as a very good chance to enter the market!
the price is getting stronger since recover some time ago, I think the price will not go back to $6k, trust me the price will not drop more than $9k, there is no reason to panic at this time the price is still in the range of $10k and instead I think the price will start up after this, if you want a big profit then better be patient and wait until the end of the year, you will see you are already rich in that moment |
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Things will get better later in the year for sure. I believe in the technology and a lot of countries are beginning to embrace it so we're going up I think.
Yeah, we all gonna hope for a better future , specially this year, people are hoping this year will be the year of cryptocurrency but it has a really bad beginning. But last year it has the same situation and it's still a successful year of cryptos. So i guess it gonna be like last year anyway. is it previous years bitcoin prices at the beginning of the year did experience a price reduction? so I think this is a common thing happening in bitcoin, usually when the mid-year bitcoin prices will start to climb up and skyrocket until the end of the year prices can be many times higher than at the beginning of the year, even many people predict bitcoin prices by the end of 2018 will reach $100k? hopefully it happens |
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bitcoin is not useless ridiculous fees are already gone now so and transactions get confirmed using cents even bitcoin is very old its still getting updated look at lightning network which can make even transaction fee cheaper bitcoin also gets the most attention than altcoins.
Yes just because of high fee calling bitcoin is useless is not good and everyone experienced this issue in December but now everything is good and people are happily doing bitcoin transactions with low fee. now they come with lightning network and in future, they will improve a lot so just forget those bad days and collect more bitcoins or else in future you will feel so sad. I think it's normal when users are disappointed because the previous bitcoin transaction fee is very expensive because the actual function of a cryptocurrency is for means of payment or transaction right ? so when they get an expensive fee for bitcoin transactions of course they are reluctant to use bitcoin as payment again? so bitcoin function is just for investment nowadays? |
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Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars.
Rather, Bitcoin appears to have value for the following reasons: It is popular.
In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin.
what have you mentioned wasnt needed a bright full technology to adopt,gold and fiats is physical but yet need no good technology to maintain,but bitcoin does..this coins and together with all the coins was created for high breeding technology thats the interface is future.no wonder in 2030 you will finally realize what are you talking now Yeah I think you're wrong, bitcoin has good technology and innovation many people are interested in using bitcoin not just because bitcoin are popular, but bitcoin has interesting things like a decentralized and anonymous currency, you can send money easily without intermediaries and so forth, that's what makes bitcoin valuable even if it has no physical shape, exactly I think more forward the digital-shaped will be increasingly in demand? |
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I will check the security, fee amount and the exchanges reputation around the traders. Also the daily trade volume is also important.
How do you check daily trade volume? You believe to the figures stated by an Exchange or use some other sources? To be trusted or not I think daily volume doesn't really affect. unless you are an active trader of course a large daily volume will be much needed the reputation of an exchange must also be checked, certainly to avoid cheating, fraud and scam from these sites. customer support is friendly and fast response is also very needed, sometimes technical problems come at any time right? cheap fees on trading and withdraw is also very necessary lol |
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I recommend meeting up because first it's more legit and more social, and if your transaction is far from you find a guy who is near you and stick to that transaction but if none. always check that guy if he is trusted or a friend of yours introduced him.
Did you guys be too paranoid? I often do bitcoin transactions met physically with the buyer and this deal is always safe there is no crime whatsoever? as a seller I always ask for money first then send the coins, if you're a buyer better buying on a trusted person first (it's mandatory), I think maybe a bad thing happened like fraud but I never experienced that but it's okay to follow your tips. to reduce risk |
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Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion? I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it. Thanks  It is already up to you if you want to be dependent to them. But to be honest there are many ways you that can help you in trading without spending money on it. Also we know that accuracy of their signal is not 100%. It's better to decide your own. If you believe they are experts in trading and the proof they often get big profits from trading may not be a problem to follow their signals? but that does not mean you will continue to follow their signals forever right ? use it as your lesson only mate. learn trading from there for some time to come, when you start an expert like them, you don't have to follow their VIP group anymore and you can trading with you own skills |
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It is quite natural that correction would take place in the market, so after the correction the market would recover again. That is why everybody is suggesting to hold.
Yes, mostly the coin or token will recover again after correction but please remember that not all of them will do recovery. Recovery is depending of the type of altcoin. If its not really popular then maybe it will not recover again. So thats why choosing the right altcoin is very important. Yeah for some altcoin will probably do recover, if many users do not hold back instead of selling their coins, of course that happens not a recover but a decline in prices again, that's why most users here advise you to hold your coins, such as on bitcoin, although current prices are up and recoverm of course almost all users suggest to hold, let bitcoin price to recover first |
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Cryptocurrency has been widely criticised for lack of regulation. Do you think it is possible to come up with a regulatory framework around Bitcoin?
Politicians are already working on it, but it is difficult, they cannot force people to comply with their rules after all bitcoin is completely independent from them and this is the problem they are facing, right no exchanges are a place where they can try to regulate users, but once decentralized exchanges become a reality and you can buy stuff directly with bitcoin then their regulations will mean nothing. Yeah actually the government has sought for it, but the government realizes that they do not have any power giving rules on bitcoin users. you know that bitcoin users are anonymous, how to apply rules on them? but on the other hand the government has the power to ban bitcoin so that no parties (companies, shops, merchants) dare to accept bitcoin? that's a bad effect for bitcoin |
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I'm also assuming that btc will once again crack the $ 20,000 mark this year. Nobody can say when this will be accurate, but of course it's good to hear someone saying it who should know it.  Many people predict the same thing, that bitcoin prices will surpass $20k this year, I think it might happen? earlier bitcoin prices had reached $19k, certainly to reach $20k price is not impossible for bitcoin, I think it's just about time, where the market will get better and bitcoin users grow more and it will increase the demand periodically, I myself predict like last year where prices will climb at the end of the year |
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So I'm slowly going into crypto and I want to know if any of you trade altcoins daily, or you prefer to hold it for long term? What do you think it's better and why?
Thanks
I prefer to invest long-term, because I think it's good and do not need to be too panicky for unstable prices. I believe the crypto coins will continue to rise, and I will benefit from the investment. Yeah true, because for users who use long-term investments, they will not pay much attention to the current price fluctuations, because what they see is the price of the next few years, and that's definitely higher than right now, even my friend, hold their bitcoin from early 2017 and leave it? he don't know if bitcoin price has already reached $19k and is currently he rarely sees the market, of course he never panics about it, he said he would sell it in 2020. I think if you already have a steady income is not a problem to hold bitcoin for the long term |
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For me I did not borrow a fiat to get bitcoin and I never did. The market is too volatile to do such a thing. At the moment you may benefit and an hour later all your portfolios may be red, and it may take some time before recovering. The next time you will not be able to repay your debt and interest will always increase every day.  Thats true, is actually quite risky with borrowing money just to make trades, moreover there is a grace period or deadline for payment, so you are required to make a profit within a certain period of time right ? but not every time the price will continue to rise and benefit to you? better use your personal funds because you will be more free not dependent on time to trade |
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Carlsen, any updates on getting listed on new exchanges? I see DNR sitting on sitty exchanges and the volume also is too low to speculate upon.
May be you want to say shitty exchanges..my request to all is those exchanges may be not high end.. but still they help DNR.. but that do not mean that we should not get DNR listed in good exchanges.. so will you be please list preferred order of best exchanges. This will help DNR and Mr.Carsen😀to focus on next focus exchange.. in the current exchange such as cryptopia DNR volume can reach 25 btc, I think it does not include a small volume, sometimes I get my order in a short time when the market is busy but sometimes DNR market is also quiet, adding to the exchange it's a good idea for the market and enthusiasts for DNR to be bigger, maybe I would recommend DNR can be listed in Bittrex, Polonix, Binance, it will lift the price of DNR higher, The exchanges are aware of DNR and I guess they're just waiting to add it? It seems like there is more interest to add pump coins as they are the ones who seem to be able to raise huge listing fees to entice exchanges to put them up.. I heard the Binance fee was 25BTC, who can afford that?! Might be able to use crowdfunding or donate from user? I think some big exchanges also ask for dowries for they coins can be listed in exchange, I think it's natural? or there are some big exchanges that just ask from request of its users to get in? if I'm not mistaken, a few years ago poloniex used that way, where if there are many users who request for one coin. then that coin will be listed on poloniex? |
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If you are a crypto newbie start from point 1. If you already invested money into cryptos then start from point 2.
1. Invest only the amount you can afford to lose without even sweating about it.
2. Wait for the rise of the value of your investment around 2x and then pull out the amount of your initial investment. This way it's like you never invested and you still have a profit, and a portfolio.
3. When you receive some extra profit put that aside too - open yourself a little "crisis fund".
4. When the crisis happens, look for the prices of travel to the tropical country you always wanted to visit.
5. Activate your "crisis fund".
6. Take your family on a vacation and enjoy the sunshine while everybody else is panicking.
7. Return from the vacation and irregularly check your portfolio to enjoy the rise in value.
8. Repeat steps 3-8.
You did not mention how long to go on vacation. because I've done that too when bitcoin prices have gone down, but after I get home, bitcoin price has not come back as before since I bought, this is already more than 1 month after bitcoin price down? should I take months off again until bitcoin prices to go up lol? I know this way to avoid panic but sometimes this does not work, its just add budget and make panic again when the price never goes up after going on holiday |
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Bitcoin transactions are way slower than other cryptos and fees are high, and when you pay with bitcoin you pay with only fractions of it, so do you think it is possible for bitcoin to become a daily currency? Something you can use to pay for coffee? If no, then what cryptocurrency have this potential?
I think bitcoin can become a daily currency given that it gets more support from the community now. However, price-wise, we should establish that bitcoins must have a stable price first before being considered a daily currency. People should always consider first the total supply. I think an unstable price can still be tolerated by the auto convert technique to fiat so you can avoid losses if the price drops after they send bitcoins to pay, but the main problem is transaction fee on bitcoin, I don't think many people would use bitcoin for daily transactions if the fee for a one-time payment could reach $5. You want to do that mate? |
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I think it is not good to invest based on the ranking. Pick some investment with what you really knows because some of the coins in the top list are not profitable at all unlike if you will have some research, you will know what will be the weakness and strengths of the coin you will put you investment.
but at least from the top of the coin slightly reduce the risk of such a scam coin because from top coins usually have a high level of confidence you can see the amount of market cap on top of the coin but that doesn't mean coins instead of top coins are not good for investment, many other coins that have great potential for the pump, yeah, looking for coins that you've been know, I mean you first analyze the ins and outs of that coin, if you believe the coins are potential because of good innovation and a lot of people who are interested may be a good thing if you buy that coins |
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What if altcoin/btc crash? Are there possible ways to get our money back?
If it crashed or on a bear trend, it is only paper loss. You only lose money if you dump or sell it on a loss. But if you hold, then there is still a probability that the price will bounce back, then you can still profit. the key is to choose the right crypto to invest so that you will not be afraid or panic when the market is down. the key is to be patient, whenever the price of bitcoin and altcoin may fall due to fluctuations and other factors, it is the risk of investing bitcoin, if you don't have patience and cannot control your emotions, of course, you will get is a loss because once again patience will play an important role in investment in cryptocurrency. if you can be patient then the possibility of profit certainly exists |
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Yeah currently people are more interested in buying crypto currencies rather than mining them. The trend is to invest on different crypto currency and hold them for a long term. When it is the right time, they cash out for their profit. People are also blindly investing on ICOs to get quick profit but fails most of the time.
yeah most people today prefer the instant thing to get the coins they want, one way is to buy in a exchange, I once asked my friend why did they prefer to buy a coin rather than to mine the coin? he replied that mining takes much time to earn a lot of coins and while you mining may be a opprtunity come like chance to sell coins at a high price it's been missed, so he prefers to buy |
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I think it would be great if you could pay your Taxi-drive with Bitcoin! U agree with me?
It would be very funny, because the commissions for transactions in Bitcoin are big. The commission could be more for the amount of payment. yes you right, the issue of transaction fee is really a big problem for all bitcoin users, especially if they want to use bitcoin for payment, bitcoin for taxi might happen mate? if there are developers who want to create an application like Uber where payment uses bitcoin? users can make a deposit on their app so they don't need to send any bitcoin every using taxi? I think it is a good idea right? |
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