Ok so I have to buy BTC and trade it for XRP in order to obtain some Ripple. Knowing how the forex market works, im wondering if I bought my BTC at 16k instead of 18k, would I be able to afford more XRP compared to buying BTC at 18k? or is it the exchange rate constant?
Thanks for the replies !!
Just take a second and think this over, buying bitcoin right now at whatever price it is and holding it will surely get you more profit than buying ripple, because of how much bitcoin is popular and how high its price is when there is an increase in price it goes up by a hunders of dollars and somtimes thaousands, while with ripple it is still new and who knows how much it will take to make decent profit from it, i say quality over quantity, there is a much more profit to be made with bitcoin rather than ripple. |
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I ran across this video a while ago on what can happen to you if you don't pay your taxes. At some point during your Bitcoin career, the cryptocoin will be converted to fiat and that's how they will catch you. https://www.youtube.com/watch?v=hf2fNEUPjQwWell exchanging bitcoin directly through dedicated exchange platforms or through pyment process like wzstern union or moneygram or any think that is associeyed with goverment is surely going to get you in trouble if you don't pay taxes, and this is one of the many resons why bitcoin has not been leagelized in many countries due to the fact that goverments is unable to monitor transactions so people could get paid thaousands of dollars and not pay taxes, i am not encouraging this but the best way to exchange bitcoin to fiat is through peer to peer exchanges like localbitcoin where you can find people willing to buy bitcoin with cash anf hand to hand. |
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Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
Well i don't understand the problem that people are having right now with the price, just because it dropped a few thaousabds does not mean that it is dead or going to die, this decrease in price is almost identicale to last year's price drop in percentantge, the only deffirence now is that the price has become 10 time, this drop is normal and we have nothing to fear yet, not until the price starts going down as fast as it went up, i am sure as soon as the miner fees go down and the transaction times become faster, the price will go up again. |
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I want you guys to share your opinions on the thread I made, will the etherum price increase give you any impact, and what do you think about the price increase of etherum
thankyou for your opinion
It is no suprise for me that the ethereum is having these pumps as it have witnessed a lot of development in the past few months, and by late 2017 and with the price of bitcoin being so hgh people have switched to ther cryptocurrencies and since ethereum was the second in terms of the market cap, everyone saw it as an oppurtunity to make some good profit from it, i personaly have been a supporter for ethereum since it was added to blockchain wallet, and when bitcoin cash fork happend i exchagbed what i got from it to ethereum, and now i am happy for doing that as i see that i made the right decesioin. |
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From the looks of things other cryptocurrencies are really rising this year
Look at Ripple it is second on the marketcap
In 2017 the insane rise and growth of bitcoin's price has made it in the spotlight of media nd economist which lead to it becoming more and more popular, and with its high price and high trafiic this lead to poeple trying to find an alternative for bitcoin an option that will give them profit while not being so damm expensive, and lead to many low coast cryptocurrencies luke ripple and tron rising up from the bottom of the market cap to being in the top six, surpassing old ones like litecoin and dash, by looking back at the investments that were pushed into the cryptocurrency market in late 2017, shows how much poeple are intressted in it and promises a good future for this market. |
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I own many altcoins - IOTA, NEO, ada, xlm, xmr, trx, gto, xem, sc, fct, ... and I struggle to find a good wallet where to keep them. I don't want to install 1 wallet for each coin that would be crazy. I heard jaxx wallet is not that good so looking for alternatives. Coinoim and other wallets I know of don't support most of these coins. And keeping it at an exchange is not the greatest idea... thanks
With too many altcoins having to handle and keep track of them is very hard, i know you said that keeping them on exchange is not a good idea, but if you are palnning on trading them at some point when the price changes, than keeping them on polonix would be a good decsion since in my opinion and from what i have heard is the best exchange wallet out there, and if you are planing on putting them in other wallets keep in mind that you lose quite some amount of deposit and transactions, while keeping them on polonix you can switch them up at any point without having to pay too many fees. |
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what makes you trust an online casino?  The eaisiest way to know wether the online casino that you are playing in is trustebale or not, is by simply googeling it and looking for any complaints or accusations about scaming or seeing if the site is legit or not, if you are trying to find information about a crypto online casiono, you can simply search the forum topics to see if it is legit if you are planing on putting money in it, i personnaly will avoid sites where you need to make a deposit before you make a bet because those are usaly the ones that are suspectibale, i know that a lot of them do these days since transaction time is way too long, but for the most part if you don't find any information about the casino don't deposit in it. |
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So the question is if Bitcoin Trading is a Gamble or not?
I will express my views here and would love to know what you guys think.
It's investing. Buying and selling Bitcoin is an investment. Now, Is it Gambling?
There's a difference between Trading and Investing. Trading involves capital inhand kept for short period, typically for a few days, hours or even minutes. Investments on the other hand tend to be in months, years or even decades.
Bitcoin Trading isn't Gambling but Buying Bitcoin is “gambling”, in the sense that its an investment that could price crash at any time.
Well I could agree with you on the part of buying bitcoin is sort of a gambling, having to put some of your money on buying it requires a lot of looking into whether the price is going to end up going up or down, and that is a bit of a gambling as the price is unpredictable and unstable, that is why right now investing in bitcoin is in a sticky situation especially with this high price where you will be losing a lot when making a bad decision. |
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since bitcoin was introduced to me few years ago i've got this thing in mind
is gambling really about luck or can you beat the house using maths and probability?
well as for my i always YOLO bet a lot and sometimes it's working fine but most of the time it's not
i tried also using lowbets with strategy , mostly on dice autobetting, it seems fine but kinda boring, seems okay but it will bust in a time
so do you think gambling is about luck or you can beat the house with strat?
Well for start, gambling should always be about having fun and staying on the eadge of your seat waiting for results, and not a way to make a constant income, because than you would feel like you have to gamble not you want to, and that where the addiction starts, it is true that you can make mathematical assumptions and predict the results in certain games, like counting in poker, but sometimes it does not go as planned because there is some luck involved into it, but that takes away the flavor of gambling. |
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it will go up and down in jan?
With the current problems that bitcoin is facing right now, from high miner fees, and longer transaction time alongside the competition from the other cryptocurrencies in the market that have a faster transaction, it is really hard to say that bitcoin is going to be up any time soon, and by up i mean like reach 20k or beyond, but the price is always going to flucuate between 14k and 16k or 17k at most, so until developpers come up with a better solution than forks i don't think bitcoin is going to be the same and grow the same way as it did last year. |
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i am new to cryptocurrencies trading is new for me. how can trade ?
Before asking how to trade you should know what trading is, and you should know what cryptocurrency trading is, as it is differnt from regular trading, because of how the prices of cryptocurrencies are constantly changing and how unstable these prices are, if you don't reallly know what you are doing you can end up selling at the wrong time and l;ose potential profit or you could buy at a high price and the price ends up going down, so before trying to understand how to trade you really should learn what drives the prices of the cryptocurrencies and try to have an idea about what is really going on in the market. |
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I've posted this on someones post before, but I will post it again here for everyone to see. I can't tell you not to be not to be emotional when prices are fluctuating fast, because we've all had some kind of emotion when prices are volatile. This can potentially be an expensive process you will learn. The market, in most cases, will eat new fish alive. Let's just call it how it is. If you're new, and actively trading, you're going to get rekt sooner or later, over and over again, it's just a part of the process. You know not to put your life savings in, and go all-in on a trade, but, you do it anyways. AND you will learn from it, for the better or worst. Worst being high probability. Money itself is very sensitive to people. But try to understand, prices move up and down. If you're new in this space, and came in during the media attention hype, get ready for an emotional roller coaster. If you stick around, and actively engage in your investments consistently, for a healthy duration of time (about a yr) you'll have a better understanding of the market and how it works. You get to watch the new fish get rekt.
One of my trading strategies is geared towards swing trading.
You should somewhat engage in your investments, and you should have a disciplined strategy You have skin in the game, why would you neglect your investments? At least have an entry/exit or accumulate plan. This strategy can go 100 different ways, but I'll try to keep it simple. Like I've said before, this is geared towards position trading. This is one of my strategies to protect myself from harsh retracements. For this strategy, my plan is to preserve USD so I can pay myself, and take profits, hedge into other stable assets and so on. Take a look at the simple charts of Gold/USD and Bitcoin/USD on the 4 hour chart, Bitcoin's price volatility is obviously greater than Gold. When Bitcoin rallies over 20 - 30%, it would be a good, probable decision to hedge into Gold or any other stable investments with your BTCUSD, based on historical price patterns. Nobody knows where Bitcoin's price is going to be in the future, nothing is certain in crypto, but based on historical data, in a broad picture, BTC has gone parabolic, been through 6 bubbles, had nearly a 50% correction from 20k to 10k and gaining mainstream attention rapidly. We could speculate the "what ifs, how's and why's all day long, but at the end of the day, if your skin is in the game, you need to engage and protect your investments. You'll make mistakes, the market is designed to be unpredictable. Crypto is still new, insane and volatile. Bitcoin is up over 30% since New Year's, why not throw a little into Gold? I'm bullish on both XAU (Gold), and BTC, but BTC's retracements are more harsh compared to XAU. This is just a strategy I'm personally using. I'm not all-in, and out on this strategy. Do not blindly take my advice, and go all in. Consult with other people who are experienced in the the markets, verify, research, and come to your own consensus. Good luck to your investments and journey
I don't know bitcoin lately has become somewhere unpredictable and due to the high price trading it can be difficult, the way I see it trading can become a one way trip, there will be no turning back if you make a mistake, o when you sell and the price goes up, and since it is bitcoin means that the price goes up by hundreds of dollars, you can't rebuy what you sold, so it is a bit unforgiving, unlike the altcoins where their price is low and if you make a bad decision you can always rebuy since the price does not go up by a lot. |
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I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
You don't need to move your entire savings just to put them into cryptocurrencies, this market is way to risky and it could go down at any moment, we can never predict whether this market is going to keep on growing as it has not been leagealized yet, for all we know a strict decison from goverments could affect it badly and starts going down and then all of what you have earned and all what you have put into it could go to waste, i am not saying that you should not put money into it, but don't put all your moeny don't be greedy, if you want to make profit on the long term i would suggest investion in xrp or other low price coins as they are starting to get really popular, as for the platform to trade with i think polonix is the best one so far as it is secure and has a good repution. |
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I'm about to give you some hardcore advice, for FREE! Waoooo! (I promise, I won't shill a coin or promote anything, aren't those posts annoying?)
Take it seriously:
I see a lot of posts lately about what is the next big altcoin or what altcoin should I invest in? etc. etc.
About two months ago, the altcoin board was flooded with "what ICO should I invest in?" and now it's flooded with altcoin inquiries.
This matches the movement of the market as tons of money is being pumped into alts, particularly lower priced ones or coins that have been artificially pumped by youtubers, pump and dump groups, or Mr. Mcafee.
I understand the desire to find "the next big thing". I understand the feeling that you have "missed the chance" on bitcoin or other alts. I went through these myself.
But if you join the herd, you will either lose money or gain very little return on your investments.
Here is the advice:
When others sell, you buy. When others buy, you sell.
Those who made tons of money the last 2 weeks are those who bought alts 2 months ago when btc was pumping like crazy because of the forks.
While everyone was scrambling to get more btc so they could get a shitcoin (btc gold) then segwit (which got canceled but looks like might go through anyways?) the price of almost all where at bargain prices. Now, btc has been stable around 14 to 16k, while other alts have pumped like crazy. It is the absolute worst time to buy alts, especially the overinflated ones like ripple, cardano, and tron. Now is the time to buy btc.
Thinking that btc has reached is peak don't realize that other bubble economies have reached trillion dollar marketcaps, crypto still has more bull runs ahead of it and btc leads the way.
So why am I taking the time to post this? Because a good friend of mine put 10k usd into ripple this morning . . .
yeah, please don't do that, what a horrible price to buy xrp at.
People should know the risk of putting money int cryptocurrency, they are unstable and unpredictibale investment that involves a lot of risques to it, first let me say that your friend is a bit stupid because why put that much into a coin that is only worth 2$, i mean just thinking about if the price goes down he will have no time to exchange it and will lose for sure, we are not saying that people should not invest in altcoins and we are not saying that they should put all of their moeny in them, cryptocurrencies are just another assets that we recommend taking advantage of its rise and its cuurent developpemnt to make profit, and wether you want to invest in them is up to you, if you want to invest in them or just holding to bitcoin is totaly up to you. |
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XEM, Ripple, Stellar have already given a huge profit. Who is next ??What are your thoughts?
Since the cryotcurrency market became so popular a lot of people started investing in small and low cost altcoins in hope to gain some good profit from them, and that was the case with ripple which has became the second cryptocurrency in terms of market cap and investments in no time at all, similar to ripple, tron and Ada are both low cost cryptocurrencies that are getting quite some attention from the community and they are starting to make some progress, they have surpassed many old altcoins in the market cap which shows how much people are intrssted in them, and i think they present a good oppurtunity to make some profit from trading them. |
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I have $300 to invest. Looking for making an insane amount of money. I know its greed, but $300 isn't going to change my life if I lose it.
But if I am able to pick the right crypto and hit the jackpot it will sure change my life and also the lives of people who are dependent on me.
With the current cryptocurrency market state it is not hard to actaully make some decent profit from it, there are a lot of cryptocurrencies out there that are starting to have fast grwing network and a fast growing price, like ripple for exemple and trx, so it is up to you wich one to choose but i would suggest dividing your cap into different low cost coins, that way you would be getting profit fast and easy since they are low cost and people are investing in them quickly. |
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While people are hyped in trading XRP/ETH/TRX, on the other hand, Litecoin has been stay at the same price range for a week already. I am wondering if LTC still have room to growth for the next couple weeks. Any reason to buy/not to buy at this moment?
I don't really think that litecoin is going to have a huge pump or anything in the near future, i mean the coin has been in the market for a long time now and if there was a ny room for growth it should have happend a long time agao, besides you said it yourself people are hyped in trading Xrp and Trx which are low cost altcoins and actaully have a bright future ahead of them so why not take adavantage of this and dump money into them and get some sure profit rather than just putting it on litecoin where it may and may not have future profit. |
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What are the most promising low market cap coins that are still under $1?
Probbaly one of the most promising low cost altcoin as of right now, is TRON, this coin is promissed to be the next hit andd for that many people have started investing in it, only yesterday the coin was at the bottom of the market cap chart now it is number six, and by that it has surpaased any known altcoins, like dash and litecoin which have been on the scean for a while, its price has started going up quickly and it is right now worth 0.2$ and it would be just a matter of time before it starts skyrockting. |
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impossible bitcoin reach at 100,000 usd I never buy bitcoin if that is the price because how much that fee would it be? I think bitcoin can only reach possible 50,000 usd.
Well in bitcoin everything is possible. There is a lot of possibilities that bitcoin offers. Who knows what will happen in the future. Yeah bitcoin is totally unpredictable and everything can happen in bitcoin, if price of bitcoin is high today then maybe next day it will be low so we cannot say anything but only one thing about bitcoin that I early knows is bitcoin will never give you lose. I am using bitcoin and I have never get any lose till now with bitcoin. So price of bitcoin is not fixed and it can be change anytime, so I think it is possible to have bitcoin with $100k. Not just bitcoin, the whole cryptocurrency market is like that, we used to belevie that bitcoin is an unstopable forcen that it would never go down, considering how high and how fast it started growing and how many people and how fast they started investing it it, but as soon as it hit a bump in the road everyone started abandoning it or at least think about ditching it and going for other altcoins, if you want to make profit in this market you have to adopt and not limit your vision to just bitcoin, it is called the cryptocurrency market not just bitcoin market. |
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I am still down but I will continue holding until it gets back to over 17K. This is still to be blamed on the seasonal oscillations so I hope to start profiting again at the middle of January.
In terms of Bitcoin, the best way to benefit from this crash in price is to invest more, as the price is low currently, you have ample opportunity to buy more Bitcoin at relatively low cost. You are right about the increase in price in January and we hope that it go the same way. It is advisable to not lose hope about the increase in price. Consistency will be the key to success in this investment. Form what i am seeing is that the bitcoin crash can be profitable in some way, the probelms that the bitcoin network has lkie transaction time and miner fees made people to start investing in other altcoins, so if you want to benefit from this crash you can put some moeny into various promising altcoins like ripple and ethereum, i don't think the holding strategy will be as effective as it was in 2017, we must adapt to the market in order to mximize our profit. |
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