Majority of those who joined cryptocurrency in late 2017 was in for easy money but rode the hype. Thus, they got burned when the market started correcting the bubble. There will always be those newbies who will join because of hype. But I think by now, those who got burned in 2018 bear market has already learned their lesson and are more mature investors by now.
Suppose, the times of this hype are over. I am sure that Bitcoin will grow but it will not do is as fast as it was in 2017. As for investment in altcoins, sure, I always learn about the alt before I buy it. Only stupid and stubborn people who don't learn from mistakes, and in 2018 teaches many people that buying at ATH and when high prices are bad thing, there are times when you have to look at market conditions, not buy when many people tell you to buy. It is not so easy for many people to make decision as regards when to buy mate, yes, they all know that the best position to buy is when the value of the coin has bottomed, and not ATH. If you look at the case of 2018, because many people believed in the cryptocurrency and not just what people said, they thought the value will keep growing and nobody ever imagined that there will be turnaround as it was first of its kind. Majority of us fell for it and we have all learnt from it but it also has its repercussion too, unlike before when crypto prices starts rising abit, many people will fomo and start buying at large, but now, no body respond to uptrend of the cryptos that much again till they are very sure the time has come. |
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It will be difficult to do - good luck to the officials. They are waiting for a huge failure at the end. Crypto is decentralized and no one wants to pay taxes.
That is why they are also trying to be smart in playing on the intelligence of the companies involved in cryptocurrency by placing a fix tax on them, so I guess that they will not be taxed based on the knowledge of the financial report they have about the company, since blockchain technology has already blocked that from happening, the best way to still extort money from them in form of tax would be to place and enforce a fix amount of tax on them. For them to know the companies using Blockchain technology in running their business, first thing they would do is to encourage them by allowing those companies to be legalized for crypto, and it is from this list they will enforce whatever they want to enforce. |
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It's really a good advice you have given to us here and I think the major problem is been able to keep those tip. I do believe that majority of us know all this point you have listed but keeping them is the really problems with investments and trading. For example it is impossible to keep trading when you know that the market is going against you and you are lose.
The most difficult thing is the psychological control when the market starts to appear red because it will be a time when you will be very difficult to calm down and easily fall into a state of panic. I think this rule is only applicable when the market shows signs of new growth and we will make a profit if we can calm down at all times. Of course these tips are useful but for me this is not the best advice because the bear market often brings surprises to everyone. We easily fall into panic because we do more than our power, because of the big profit we intend to cash from one single coin, we cough out from our pocket what is far more than what we can afford not to have tension on, and dump it into the market, in the name of trying to cash a bigger fish. We will continue to be in a panic state when market becomes red if we continue to invest capital that is more than our power or what we can afford to lose, no matter how promising the coin look, if we really want to invest without looking back till future, just put in money that we can let go off, then believe me, all these panic sell and tension will disappear. |
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i have crmsn(crimsoncoin) in coinexchange, now trading has been stopped what could i do with the coins.
it will be delisted on 27/3
what could be done?
there are lots of ways available in this developing Crypto market so we cannot be worried about single exchanges will start some type of trading and will not be a big problem there are lots of options available for us to make our decision to be changed. The only solution will be for the holder to just move it to another exchange that it is being listed on, just like the way BSV was delisted from Binance recently and everyone taught that would be the end, but the price is still growing strong and trades going on in other exchanges they are being listed on. It is really not so easy to make payment to all these exchanges for listing, so some of these coins must surely be delisted from some exchanges to cut running cost of the project, so we have to understand some of these project that are being delisted and not completely see them as a bad one, we can simply just find them on another exchange. |
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in fact such a concept is indeed less interesting and potential because even though in the end crypto will be used as a payment but it will still not be realized in the near future, people are still not interested in crypto because of its payment function, people are more interested in crypto investing and trading, so I think such a concept is still not suitable to implement now so it is not surprising that many such projects fail
many projects that circulate do not mean that outsiders will be amazed and then start accepting crypto payments, it's not that easy. outsiders will accept crypto payments when they see high demand, a very large number of bitcoin users, not from a large number of projects.. With time, people will usually get use to the idea of using crypto payments, which is why we need large institutions to adopt cryptocurrency and enforce it on their users. Take a look at apple and Samsung, every time they announce the launch of a new version of their products, days before its launch, people queue up to wait and buy it, it shows how much they are desperate in getting it. If this type of company comes up with crypto payment for their products, they don’t even need to enforce it on their customers for 50% of them to accept it and use it. So I believe that we will still get to that stage where people will focus more on crypto payment system to that of trading. |
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The easiest is to blame bounty hunters for dumping instead of admitting that the project has no working product with real use case and active development.
If the project are good and worth to hold, i think the will ignore the price. Many factors why investor or hunters dump their token and market condition is one of the reason. Beside that, the project itself is important to gain investor trust to hold, if worth to hold for long term, i am believe holder will not sell it at cheap price People dumping the projects are also not to be blamed, whether it was dumped by an investors or bounty hunter, all investors cannot dump their token all at once on the company of they really have a very good working team that they believe in so much and most especially a working product, which is all that matters. Most of these ICO projects tend to also toe the line of payment system, wherein we have a lot of them already competing in the market, you cannot all be have same product for the few investors that are currently in circulation, so most investors will only hold on to the project they strongly believe will still exist in future. If these projects really need a solution to the dumping of prices, they need a promising product with a new concept. |
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I am not also opposed to this kind of activity.
But a person should know his limits and have the will to control himself not to shatter his life because of this.
Younger generations sometimes is difficult to deal with this kind of situation as they have so many means now of playing without the knowledge of their parents.
From what I have seen about video games, it takes a player to be much disciplined with self control to avoid getting addicted. There is every possibility of becoming addicted with video games if care is not taken because the game is kind of interesting and anyone who’s playing such interesting game would spend longer time playing. What causes addiction is excess time spent in playing and you don’t expect one to play an interesting game for a short period of time. Personally, I am good with self control so I have no problem playing but those who aren’t disciplined should avoid video games. |
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I think gambling is entertaining only for those lucky ones who can gamble away some amount of money without it having a negative impact on their lives whatsoever. Not that many people have that luxury or the self control to quit when it stops being fun. People are associating entertainment with the dream of winning big but when that doesn't happen the guilt trip starts.
Gambling is entertaining for everyone who is willing to have fun. Anyone who mistakes entertainment with winning big in gambling is either not sincere, he’s only gambling to make money because it’s not possible to be having fun and yet be expecting to get back the money paid. The best way to enjoy gambling is to do it for fun with no attachment to it and like you said it is for those who have disposable money that will not give them tension, but its truly engrossing to play without one expecting money in return especially in form of profit. |
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If you ask me no KYC for crypto betting sites / casinos needed. Crypto is made to be anonymous and until now i used sites that had no KYC (still using them), so i guess most of them don't request it.
There are still sites that don’t require KYC, in short the number of casino sites that do not request is actually more than the ones that do. I think the sites that demand for KYC would have reasons to do so, but I feel no reason is valid enough to want to intrude into a gamer are privacy. This is a gambling site for crying out loud, and we all know that no gamer is proud of gambling and we all like to keep our information’s safe. So why the hell will a casino site asks for KYC? Well I already have my site that I play on and do not request for KYC, the moment they introduce it, I bet am out |
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It completely depends upon the website we choose gambling because there are many websites where they will allow to gamble with BTC, ETH, LTC, Doge but from the people i used to hear that most of the people will Dogecoin for gambling because of it's speed. The other famous coin is LTC, which is another one to gamble frequently.
Most crypto gambling sites accepts BTC, Eth, and LTC. But I think so many people just prefer dogecoin not just because of the speed but because of its affordability. The truth is no body wants to lose their BTC, gathering BTC is not easy, and I don’t think anyone would want to gamble that, so it’s better to go for something cheaper, the goal is to have fun and at least make back something regardless of how little. BTC, ETH and other bigger crypto currencies are for big time gamblers who have gambling as their profession and a major source of income not for someone like me who only plays for fun. |
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as a newbie, i don't know where to buy bitcoin and trade it from, i hope you can help me  Don't just jump in to it , You should know the risk and also the basic's in trading before doing it. Searching and buying crypto or Bitcoin would be easy since there are so many trusted sites . You could use CMC to choose which platform would you use to do your trading. Coinmarketcap have both list of reliable exchanges and unrelaibale exchanges, so I would not still advise to rely on coinmarketcap to choose trading platforms, CMS is more effective in deciding which coin to invest in by choosing from the top listed coins, but I don’t think there are top listed exchanges on CMC. In order to choose a perfect trading platform, one still need to make enough research on anyone we are advised to use and it is easier to get review on one on this site and on the internet. For example, Binance platform is what many of us know, while Yobit is a very bad platform, but CMC still have it listed for some coins. |
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I've had these situations, too. In such cases, I had to sell the coin at a loss. Then I realized that it's really important to have an understanding of what you're doing. In another case, you will constantly incur losses.
if you don't have the patience to hold on for an unknown period time then the choice is a cutlose, but you have to accept the loss but if you want to be patient and you buy potential coins then holding it is a good idea Like he said, one needs to first understand the project we are investing into before making any attempt to invest, cutting losses is not a bad thing, we have some coins that many investors has mistakenly invested in based on the promises by these developers without researching on them, and when one have realized he or her mistakes on the project, then the best would be to cut losses by selling it off. We can only be comfortable and rely on coins that have proven themselves strong over the years. i.e bitcoin and ethereum, those ones, we all know their future and it we will have more patience in holding those to others. |
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In coming 100 years we will surely see one more financial crisis and that will be the time when cryptocurrency will boom and it can also become main steam of currency. So the price can be unimaginable. This can happen in next 10 or 20 years also as we dont have to wait fr 100 years.
In 100 hundred year time, I believe that blockchain technology and cryptocurrency would have been 100% adopted and would have already solved many problems that would ache led to the financial crisis you talked about; we might not even see such financial crisis in existence. One of the benefit of cryptocurrency is not to serve as payment processor alone, majority of us have already used it to solve on or two of our financial crisis that would have been left unresolved without cryptocurrency, and as each and every one of us keeps doing this, it will reduce the impact financial crisis will have on the economy in the future, till its uniformly disappears. |
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Let's explore the question first. Let's wait for the first results. What would definitely understand that of the 2 types of project is better. I think if the project is not well-off, then nothing will save it.
Only time will tell if IEOs are really more secure or are subject to the same problems are ordinary ICOs. The due diligence exchanges perform may not be enough, just like pool due diliegence. An investor must always do their own due diigence. The due diligence by exchanges can never be perfect as they are not God to know the heart of every investor and their game plans completely. IEO in the interim, can only assure the investors of a safe environment i.e. not falling into the hand of a scammer that is not known, so if an IEO developers scam an investors, at least, they will get the chance to be prosecuted if found guilty. The issue now us that of failing projects which I still do not see IEO completely scraping this out, no matter the due diligence they perform in these projects, some of the will still fail in the long run, so I agree with you that we should not completely rely on the exchanges alone is making our choice. |
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I am expecting something new and people's should not lose their fund.
It's already developed in the name of IEO. IEO is ensuring security to the investors by launching raise funding campaign on their launchpad. However, this has positive and negative effect both. Many new exchange will pop up and start to raise fund which can be a good reason of scam project to be raised. Now that ICO has been stained with very bad heartless people, I think the season we are now is the season of IEO, which is still more trustworthy, we all know the history of IEO, the genesis and what gave birth to it, we know the exchange that started it, who happen to be the most trusted of all exchanges. I see no explanation for people being scammed again in IEO if they really go through the proper channel. If anyone still gets scammed in IEO too, then the blame now should be on the investors for not picking the right platform for investment. Any investors should strictly rely on IEO from the 10 top exchanges. |
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First it depends on the project you want to invest in, but it's wise to go for projects with active products. These are the projects that can be trusted as it will always give the team a sense of seriousness thereby making the product more efficient and the platform more valuable.
Yes, products with active products are best to look into, active products are the only thing that can give rise to demands that will make the value of such projects keeps appreciating, personally, I like to invest in utility tokens from very god exchanges, because those ones are sure of increasing in value as they grow gradually. If we take a look at Binance now, from one dollar, their token has gradually grown up to $23, and even when other altcoins are dwindling in price, the fact they are utility tokens makes their value always appreciate. |
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If they decided not to pay you money no one their not will force!! Sadly of course, but it is a fact. There are projects that pay, but still they turn out to be scammers or unsuccessful ICO. Be sure to report this Scam to the appropriate topic, the guys on the first page gave links to these boards.
The saddest thing is that people like to risk things a lot, even when you report the project today, we still have so many people that would not listen and would still risk investing in such projects, and aside that, we still have lots of people that are not reading news, so they don’t even have a clue to what is happening, all they just do is take the whitepaper, study it and invest their money based on how promising the white paper looks. So this scam of a thing will be an ongoing thing and the solution is juts in our hands, we need to stop investing in project that we have no deeper knowledge about, any project that looks promising through their whitepapers must still be vigorously researched. |
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Well you can earn money on both but I don't find anymore similarities between them.
Gambling is pure luck. There's nothing you can do except pray. While trading is mostly you knowledge and how you analyse the data you have.
As of outside risk, there are no such thing as outside risk in gambling while there are many sorts of factors that affects trading whether it be stocks, forex, commodities or cryptocurrencies.
I don’t know why many would just assume that gambling is a game of luck, which is not very true, gambling requires skills. You can’t play poker game without a good knowledge of it, same as sport betting. Except you are ready for loses but as long as profit making is your goal, then been skilled is a good requirement for succeeding in gambling and that is the same thing with trading. Also there is always risk in gambling, you don’t know how it feels to drop your money without 100% assurance of getting it back. That is a great risk and it’s the same thing with trading. |
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I felt both amazing and sad for the rockets-warriors game. There was a lot of games where harden got cheap calls and he literally works to get calls so I hate harden with all my heart but I have nothing against rockets as a team, whereas I like warriors but I am so done with them it has been what 5 years now ? I think it is time we get some changes. So, when this game started and harden tried to get contact and get fouls ALL game once again like he always does but when refs didn't give any fouls he was literally helpless, all his best work is getting fouls and if he can't get the calls he is not saving any game at all.
They were literally 3 behind and harden had a shot to tie the game and he still went for waving his arms and falling down and asking for foul instead of pushing through the foul and shooting a proper shot. He lived with fouls and he died with fouls so I felt great.
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I can't believe we are down to last 2 games and nothing is still decided at all. We now know that United will not be going to champions league I guess, however Chelsea, the team that was so problematic that goalkeeper literally refused to go out with coaches orders could literally go to champions league above Tottenham who were closer to the top two than the rest.
Anyway now that we are here the only game that matters from now on looks like Leicester city and Manchester city, if Leicester could manage to snag one point from that game they will be hailed hero by all Liverpool fans, is it possible? Sure. Is it probable? Hell no.
I still think that if city didn't lose any games so far than they will not lose any game from now on neither, maybe if they were playing on champions league but EPL is all they have left so they won't give it up in just 2 games.
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