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141  Economy / Trading Discussion / Re: CRYPTOEXCHANGE OR CRYPTOPIA ??? on: October 12, 2017, 09:15:48 PM
Hi to all expert in trading please help me what is good trading site ? cryptoecxhange or cryptopia?
I've used Cryptopia before; it's ok.  But I'm a fan of Poloniex.  Their trading interface is quick, even in fast-moving markets.  They also let you put in stop orders, which I think is really important if you're going to trade and not just invest.  In general, if you're trading popular coins, it's better to use the larger exchanges.  The smaller ones tend to have much bigger bid-ask spreads, which can cost you if you're trying to get in/out quickly with market orders.
142  Economy / Speculation / Re: Bitcoin prognosis on: October 12, 2017, 09:05:49 PM
Hi guys! What do you think, will bitcoin fall  to $ 3000 in the near future?
No, not up to $ 3000!
Overall bitcoiners are either not happy about the price drop.
Downward movement reflects a general decline in the cryptocurrency market.
The price of BTC is struggling to stay above $4K, and current technical indicators are showing the bear run may not be over.
I know that you wrote this before we blasted through $5k, but I would say that at least in the shorter term, things changed when we broke above $4500 a couple days ago as right below that level was where things started to crash from the China issues.  A quick run to test $5k made sense, and the breakout today also made sense, IMO.  As I think the market may be driven right now by people wanting to hoard as much BTC as possible before the bitcoin gold fork in a couple of weeks (if it happens), I think we might go much higher than the current ~$5300 over the next week or two.  In any case, it was great to see a decisive break of the $5k level.  While anything is possible, the move's strength would seem to suggest that this was not a false breakout.
143  Economy / Trading Discussion / Re: Technical analysis on btc or better just rely on fundamentals and news? on: October 12, 2017, 08:56:50 PM
do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..
I go for both but to quantify them the ratio would be 70% technical analysis and 30% fundamental analysis, but for alternatives coins 80% would be fundamental analysis and 20% for technical analysis as altcoins are highly volatile ang its price is driven mostly by pump and dumpers, medias, current news or events and whales manipulation. Just my cents as a trader, whats yours? Smiley
I agree with this for the lesser/no-name alt coins.  You need a market that's at least somewhat mature for technical analysis to be useful.  Along with bitcoin, I would think (although I haven't looked into it) that trading other majors like Ethereum and Litecoin, and perhaps some of the others like Dash, Monero, DOGE, etc., would benefit a lot from using TA.  There needs to be some balance in the market--if everyone's just dumping a coin, it's not going to behave well from a TA perspective.
144  Economy / Trading Discussion / Re: What are best sources to learn trading on: October 12, 2017, 08:40:47 PM
For me i just learned in the exchanges and i sometimes read in some websites and made me more better trader.
In order to increase the capital, we need to increase our skills which can be done by increasing our knowledge. Books are the best friends of a man. I believe in it. It is basically like you are listening to the great people of the world.

You come to discover what they though and how they looked at every matter. The best is to read on as many articles as possible and apply that knowledge in practical life also.
While I agree that it's important to learn the basics from reading books and articles, in trading I think experience is more important than knowledge.  In fact, I think too much knowledge can hinder your trading if it makes everything too complex.  A couple good indicators is all you should need.  If you try using ten or twenty of them at once, you will find that you will not do better; you will probably do worse as you'll end up filtering out too many good trades.
if you take yourself to attention, then I'm practically self-taught and all the Azam of the trade studied myself. The fact of the matter is that I picked up bits of information all the time to know what and how to do it correctly. Of course, I'm just a student, but nevertheless I have to learn myself.
Yes, exactly.  Much of trading has to be self-taught.  Different people look at the market differently; there's more than one way to do it, and whatever system you use, it must fit you/your personality if you're going to do well with it.  What works for one person may not work for another.  For example, I simply do not have the patience to trade on longer-term charts.  Others might do really well using daily charts.
145  Economy / Trading Discussion / Re: What are best sources to learn trading on: October 12, 2017, 06:51:56 PM
For me i just learned in the exchanges and i sometimes read in some websites and made me more better trader.
In order to increase the capital, we need to increase our skills which can be done by increasing our knowledge. Books are the best friends of a man. I believe in it. It is basically like you are listening to the great people of the world.

You come to discover what they though and how they looked at every matter. The best is to read on as many articles as possible and apply that knowledge in practical life also.
While I agree that it's important to learn the basics from reading books and articles, in trading I think experience is more important than knowledge.  In fact, I think too much knowledge can hinder your trading if it makes everything too complex.  A couple good indicators is all you should need.  If you try using ten or twenty of them at once, you will find that you will not do better; you will probably do worse as you'll end up filtering out too many good trades.
146  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin cash on: October 12, 2017, 06:15:18 AM
It doesn't seem like anyone has anything good to say about bitcoin cash.  The continuing decline in price pretty much says it all.  You might be able to take advantage of a dead-cat bounce, but your timing would have to be perfect.  The one thing that surprises me a bit, though, is that the bitcoin cash network hashrate is still fairly steady around 500P - 1E.  I would have thought that more miners would have abandoned it by now.
147  Economy / Trading Discussion / Re: Technical analysis on btc or better just rely on fundamentals and news? on: October 12, 2017, 05:56:36 AM
I have been trading in stocks for a while now and to be honest i'm just a few months old crypto tradee but what i have noticed is technical analysis most of the time do not work in cryptocurrency trading. Fibonacci does not work. MACD, RSI, MFI, and  Ichimoku do not work either. It's also hard to see chart patterns like elliot wave, head and shoulders etc. The crypto market is very volatile which has pros and cons.

 I usually just use support and resistance along  with moving averages  in my cryptocurency chart.

Relying in news is always great for a short period of time. Remember the China and Dimon news the market dipped for a few days and it is always a good opportunity to buy on price dips.
Really?  Which cryptos have you looked at?  I mostly just look at bitcoin, for which TA seems to work pretty well.  MACD-price divergences on a high enough time frame (hours) seem to indicate at least short-term reversals pretty well.  Support/resistance breaks commonly lead to a rush to the next level.  Like when we recently broke through resistance around $4500, price quickly shot up to almost $5000, as one would expect.  The same was true on the way down to $3000.  The initial run up to $5000 and subsequent drop formed a head-and-shoulders pattern.  It was a little sloppy, but it was there.  I'm not sure how well fibs and elliot waves work, but I'm not big on using those for any financial instrument.  Although I did find some use in fib extensions when trying to determine where price might stop or at least pause after it broke out above the previous high around $1100.
148  Economy / Trading Discussion / Re: What are best sources to learn trading on: October 12, 2017, 01:04:23 AM
As others have warned, learning to trade well is a lot of hard work and takes a lot of patience, and be warned that the majority of traders fail sooner or later.  But I think it's important to keep it as simple as you can.  Learn some of the basics of trading from Youtube and this forum.  Look up some basic technical analysis techniques including support and resistance, divergence, and basic patterns like double tops/bottoms and head-and-shoulders patterns.  Once you have some idea of what you're doing, transfer some bitcoin to an exchange that has very low trading fees (most do), and start trading with very small amounts at first--like maybe 1000 or 10,000 satoshis.  You want to have some skin the game so the trades are real, but you want them to be small enough that you can make rational decisions without being consumed by your emotions.  Trade like this until you become consistently profitable, doing more research and modifying your trading system as needed.  Then slowly increase your trade size so that you remain comfortable in your trades, and so that losing trades don't upset you.  It will take a while (could easily be years) to become good, but once you do, it will be very profitable.
149  Economy / Trading Discussion / Re: Technical analysis on btc or better just rely on fundamentals and news? on: October 12, 2017, 12:37:35 AM
do you think it makes sense to do technical analysis for trading btc? I ask because i think that btc is no "ordinary" assset just like forex or stocks and that news seem to have a higher impact on btc than candlestick formations or so..

I think as you gain experienced, you need TA as well to see how the news will back up the analysis. I have seen numerous prediction by good market analysis and some of them was spot on with their prediction. But it was backup with a lot of TA. I'm not that well versed on TA though, I just read members here who are very technical in terms of how they predict the price movement. Of course bitcoin is based on speculation but its good if the prediction and news will somewhat meet in the middle. So as traders, we need both of them.
I would suggest that you don't make it too complicated.  Some people are good at using things like Elliot Wave Theory and fibonacci retracements.  But I don't think you have to go into all of that.  Keep it simple.  Support and resistance lines, divergence with a basic indicator like the MACD, and common patterns (double top/bottom, head and shoulders, and maybe triangles/pennants) should be enough technical analysis tools.
150  Economy / Trading Discussion / Re: Technical analysis on btc or better just rely on fundamentals and news? on: October 11, 2017, 10:19:33 PM
From my observations, technical analysis works pretty well with bitcoin, as it should with any auction-style financial market.  The basic principles of bitcoin trading are the same as trading anything else like stocks, futures, etc.  That said, news and fundamentals should not be ignored.  The way I see it, news and fundamentals determine the long-term trend, while technicals drive the the price on a short-term (e.g., intraday) basis.
151  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 11, 2017, 05:44:46 PM
When bitcoin can afford a lot of transactions, right now it can't as the confirmation take so long (10-15 minutes). If this problem is solved and bitcoin is regulated at the country where the merchant is located, it won't take long until they will accept bitcoin.
Do you really think that a delay of ten to fifteen minutes is a very big delay,i really do not think so,the only solution we have to find out is the double spend problem and if you could figure that out then you could start accepting bitcoin with zero confirmation . Tongue I waiting for a time when amazon starts accepting bitcoin and if they do it would be great.
Yes, I think it's way too long when you can pay by other electronic means within a few seconds.  And I've seen delays much longer than 10-15 minutes.  A few months ago, I did a bitcoin transfer between my wallet and an exchange.  I paid the recommended fee, which I later confirmed to be reasonable at that time for the transaction size.  It took more than 24 hours to get a single confirmation!  That is completely unacceptable.
152  Economy / Economics / Re: Money above all things, Yes or no ? on: October 11, 2017, 05:39:54 PM
I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders  because they earn money for them or richer than them. Well for you, is money above all things ?

Maybe like this "Money Is Everything".
No money no life , everything is need money , with money u can but anything , buy a something what u want.
If you dont have money , who want be ur friends ? its hard to find a best friend without money  Roll Eyes
It sounds like this has been your experience.  I'm sorry to hear that.  There are people--I know some, who are good friends of mine--who don't care how rich or poor you are.  Some of them have a fair amount of money, and some don't.  But they care about me, and other people, simply because I am another human being, created by God.  Money cannot buy friends like that.
153  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 10, 2017, 07:39:30 AM
When bitcoin can afford a lot of transactions, right now it can't as the confirmation take so long (10-15 minutes). If this problem is solved and bitcoin is regulated at the country where the merchant is located, it won't take long until they will accept bitcoin.
to make bitcoin adoption accelerated i think government role are the key.

nowadays general public need government action to recognize bitcoin and put some rule on it to make people feel secure. that is the main problem i think , government mostly won't adopt bitcoin for now and even tend to don't care about it. waiting the adoption spread widely without government move will take long time.
Yep, I think you're right about the importance of governments here.  Ironic, isn't it, considering that cryptos try to stay as far away from government intervention as possible?  But I think you're right that some sensible regulation is needed.  There are way too many scams out there.  Cryptocurrency users and investors need some protections so they can trust that their money isn't going to be stolen.
154  Economy / Economics / Re: Money above all things, Yes or no ? on: October 10, 2017, 07:31:09 AM
I can see that people nowadays are busy searching on money and everything depends on money. People nowadays never go to church just because they would rather earn money rather than praise God. Others do not pay respect to elders  because they earn money for them or richer than them. Well for you, is money above all things ?

I believe its never about the money, its always about our needs and wants. Money is just a tool that we need to buy these things, now if we are getting what we want and what we need, then what is the purpose of money?, money will just be like rocks along the streets that has ni value.
Yes, exactly.  As with almost everything in life, balance is important.  Money is necessary, and there's nothing wrong with that.  It's how you go about obtaining it and what you do with it that matter.  Sometimes you may have to sacrifice some of your time with family or friends to earn enough, and that's ok--everyone understands that.  It becomes a problem when you sacrifice too much to get more money.  Like if you sacrifice your morals (i.e., put money above God), or if you sacrifice your relationships to get more money than you need (i.e., put money above family/friends).
155  Economy / Economics / Re: What is the best way to invest/grow your Bitcoins? on: October 10, 2017, 07:05:03 AM
I don't trust all these HYIP websites and I'm looking for a more reliable way to invest.
Any suggestions?
Hyip websites are waste of time. If you want to gain profit from your investment from a short period of time then you can choose trading. Learn it and if you become successful you will surely gain good amount of income.

You can also try buying coins that has potential to burst its price in the following months. Buy low sell high.
Agreed, trading is a good way to earn income as long as we have enough the skills and knowledge to deal with situations that occur around the trading market, and it is very reliable because all decisions depend on us, win or lose is by us, we can not blame anyone or anything. We will face other traders, if we are smart and better than them, we will make a profit and vice versa, this is a real battlefield, it will always remove you if you do not improve yourself, so be careful and think wisely in every decision when you come to trading.
Trading is a great way to grow your investments, but be very careful.  Trading is not easy; it usually looks easier than it is.  Short-term/day trading can be very risky business.  Make sure you have a trading plan that you know will work based on historical prices, and then be sure to stick to it, as long as it's profitable over a number of trades.  Keep in mind that the statistics for stock market day traders show that at least 90% of them lose money over the long term.
156  Economy / Speculation / Re: Bitcoin prognosis on: October 10, 2017, 06:57:57 AM
Yeah.  And actually that brings up an interesting question: what would happen if we end up with two coins that each receive about half of the mining power currently dedicated to bitcoin?  Would the price of each coin be about half of what bitcoin is now, so around $2100-$2200?  I guess price and hash rate are going to have to reach some kind of equilibrium after a little bit.  Low price and high hash rate are not sustainable, of course.
At the end users are the ones that give value to the blockchain, the miners have the advantage that they were able to get some important businesses on their side, while most other businesses have not taken a stance, so if they convince enough of these businesses then it is possible that users will be forced to use the segwit2x coin.
Hmm, you make a good point--the users/investors really are the ones that determine which fork will survive since they are the ones who decide which fork is going to be worth more.  Most of the miners can go in one direction, but if users/investors go in the other, the miners will eventually be forced to follow suit or go bankrupt.  And from a user's perspective (and noting that I haven't done a lot of research yet on the consequences of the proposed changes), it seems to me like segwit2x is a good thing.  The transaction times are prohibitively slow (if I were to transfer money or buy something, I'd use something faster like LTC), and the fees are way too high.  Segwit2x sounds like it tries to improve both of these.
157  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 09, 2017, 08:52:04 PM
I think retailers will be convinced to accept bitcoin as payment if its value become stable. Because if bitcoin value is not stable then it will be big risk to them to take it as payment, for there is a big chance to incur losses than gain. If you are the retailer and you knew that the currency they will use to pay you has an unstable value, will you accept that currency? Of course not. Although it has a good part, which is its efficiency in making transactions. Maybe sooner or later, if bitcoin gets its stable value, most of retailers will gladly accept it as payment, but for now, it wouldn't be a good thing on their part.
I see this as more of a problem for customers than the retailers.  There are already services out there that a retailer can partner with to have bitcoin transactions instantly converted to fiat.  That pretty much eliminates potential losses for the retailer.  Customers, however, have to worry about the wild price swings.  It's a big problem when the price you saw for a product an hour ago is now 2% more because the bitcoin price dropped $100 since then.
The problem here is even if they accept Bitcoin who would be the takers of that mode of payment? Because like what you said Bitcoin is volatile and by using it as a mode of payment they are taking the risk of spending more Bitcoin when the value is down. And yes there are Bitcoin Wallets that offer these kinds of payment system where the company doesn't directly receive Bitcoin but what they do is the Bitcoin wallet gives them Fiat Currency as payment for their service or product but mostly this involve online payments and I don't see how it will work when you are in a physical store.
I think the takers are "the market."  Meaning, when bitcoin is paid to one of these services, that bitcoin is immediately sold on an exchange for fiat, and then that fiat is paid to the receiver (retailer).

As for the online part, you need an app for that.  You can already use a smartphone to make online payments in physical stores.  See Apple Pay and other such apps.  I also just noticed that Bitpay now offers some kind of bitcoin "credit card" (maybe more like a debit card), although I'm not sure how it works.
158  Economy / Economics / Re: Money above all things, Yes or no ? on: October 09, 2017, 08:34:46 PM
God can't feed me, money can tho. Last time I checked God can't pay bills either.
What is your view of God?  If you see Him as a being who just watches the world from afar, then that makes sense.  But if you believe, as I do, that He's intimately involved in the details of our lives, and that everything--including all of us--exists in and because of Him, then you might see that all of the abilities and skills that we have are gifts from God.  So while God doesn't "magically" pay our bills, He has equipped us with the skills necessary to do work to earn money to pay our bills.
159  Economy / Economics / Re: Money above all things, Yes or no ? on: October 09, 2017, 04:55:34 PM
Not only you but I think all the people would be agree with this because all the people knows the importance of the money. If you want to live a happy life you will have to have the max income with you to make your life easy. Today all the things are gaining the prices and everything is getting expensive so it is very important to have the max amount of money.
Actually, this is not necessarily true at all.  Some of the happiest people I've met are religious priests and sisters who have taken vows of poverty.  Of course they still receive some kind of income to pay for basic necessities, but they have very few material possessions.  Life is much simpler and easier, in a sense, when you don't have to worry about lots of material things.
160  Economy / Economics / Re: When will more retailers accept Bitcoin on: October 09, 2017, 02:37:42 PM
I think retailers will be convinced to accept bitcoin as payment if its value become stable. Because if bitcoin value is not stable then it will be big risk to them to take it as payment, for there is a big chance to incur losses than gain. If you are the retailer and you knew that the currency they will use to pay you has an unstable value, will you accept that currency? Of course not. Although it has a good part, which is its efficiency in making transactions. Maybe sooner or later, if bitcoin gets its stable value, most of retailers will gladly accept it as payment, but for now, it wouldn't be a good thing on their part.
I see this as more of a problem for customers than the retailers.  There are already services out there that a retailer can partner with to have bitcoin transactions instantly converted to fiat.  That pretty much eliminates potential losses for the retailer.  Customers, however, have to worry about the wild price swings.  It's a big problem when the price you saw for a product an hour ago is now 2% more because the bitcoin price dropped $100 since then.
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