We should get used to this type of happening because even the fiat currencies are involved with crimes. No one can stop the criminals on how they do the transaction because they are getting smarter everyday. Cryptocurrencies have this unique feature where most of the cryptocurrencies available in the market has an anonymity feature so it is not a surprise to see topics like this one.
In fact, even when you use Fiat, it will be used as a tool for crime. do you know why? that's because money is valuable, especially when bitcoin has a large enough value or another cryptocurrency. however, criminals will target something of value, such as gold and other investment tools. Another reason why crypto is targeted as a prime target is that there are many interesting things in crypto, such as anonymous transactions, mixers, and others. That makes a lot of sense. Criminals will always go after things that really hold some value and with bitcoin, the good thing is the worth keeps on increasing with time so it naturally makes the number one preference of evil minds. To be very honest, these are just smarter than others. Hacking exchanges and snatching bitcoin is not a kid’s game but they utilize all the talent in such hurting activities. Criminals have taken this opportunity for them to be able to scam people easily as they know that crypto is booming so they used this too, I got caught up with this too, was victim but just a small amount as I just tried it since I was newbie that time, really don't have any idea at all how am I going to do research until I learned so many things, and now cannot be a victim of scam anymore. Scammers are taking advantage of digital technologies and not only of cryptocurrencies, in the past they needed to be right in front of you to try to scam you, but now a scammer can be a the other side of the world and if you lose your money to them then most likely there is nothing that you can do in order to try to bring that person to justice, but they are not doing this only with bitcoin they are abusing credit cards and all forms of digital payments, the difference is that with those other payments you have a way to get your money back but not in bitcoin. |
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yes I think banks are always like that. the bank always has a reason to be able to take our money with administrative fees, monthly fees and others. but I know that not all banks like this, there are some banks that are quite friendly with customers and the costs that must be incurred by customers for administration are quite low. therefore I strongly support cryptocurrency with blockchain technology will make transaction costs cheaper and no need to use a third party like a bank. and I will continue to strive to introduce cryptocurrency to relatives and friends. so that more and more people are supporting cryptocurrrency.
almost all banks have the same way of working, they benefit from their customers by charging administrative fees every month. but I think even so, the role of banks is certainly still very much needed by everyone, although now there is modern technology in the form of cryptocurrency that is able to facilitate its users to conduct all transactions at a fairly low cost, everyone certainly needs a central bank to convert their digital money in the form of currency used because most countries cannot fully legalize cryptocurrency as a means of payment or other needs. I will not deny that banks are needed, however they have abused their privileged position and have taken advantage of the people for too long, this is the reason that regardless of the culture or where you live most people actually hate banks because they know that they are taking advantage of them, but until very recently we really didn't have any option and we had to accept their abuses, but now thanks to bitcoin that is slowly changing and it is possible that in the future we could live by using only our bitcoin and not having to deal with the banking system. No banks are not needed. You don't need a bank to use crypto to pay for something so what are you talking about? The only reason you would convert to fiat is because of the bank in the first place. IF banks didn't exist either would fiat. It's pretty obvious to me. They just here to make money and put people into debt. Offering loans to people who really can't afford it and they do it with a smile on their face since they know they will be getting anywhere from 11%-24% interest per year from you. That is a whole lot of money for doing a whole lot of nothing. The money they loan you they just get from other deposits. They printing money those guys. Now we can say that, but for thousands of years banks or some institution that performed a similar function was needed and it is impossible to deny that, if banks were not needed then they will not exist, for the first time in history we have access to a currency that allows you to be your own bank but still bitcoin does not have all the functions that a bank has, and the most obvious example of this is lending, there is not really an easy way to lend your bitcoins to someone else. |
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If youtube videos are to go by, one would assume that bitcoin might reach even 50k by 2020 but then the reality since we are part of the forum we all know that the growth would not be exponential but incremental. And even if the price goes 50k for some reason then its almost guaranteed to come down to an average number soon.
That same thing happened when bitcoin peaked at 20k people never knew what was the exact reason for such a exponential growth and later it proved that it was just a bubble but yeah every time such abnormal growth happens, there is always a higher average than before for the rest of the year.
A YouTube video should never be the basis for any prediction about the price of bitcoin we know that those kind of channels are not really trying to predict the price of bitcoin what they are trying to do is to bring subscribers to their channel and the only way to do that is to give the highest and the most outrageous predictions about the market, so they are going to try to paint a very positive outlook for the future of bitcoin and while people like us do not have to be convinced about that we know that they are exaggerating their predictions. It is just their prediction and it has only low possibility that it will happen. I'm a type of person who rely on my own understanding than to other people ideas and opinions. I do not believe to their prediction because that what I learn from my mentor. I doing my own analysis in a coin and I only relying on what I know. There are a lot of misleading information in youtube so be careful on who you follow for you to not gain wrong knowledge. Which is as it should be, you should rely on your own understanding of the markets otherwise you're never going to make any progress and improve your ability to predict them, unfortunately you are an exception to all of this, most people are very lazy and they do not want to learn how to do that without understanding that doing such a thing will only slow down their progress and in the worst case scenario it will hinder it to the point that it will be impossible for them to earn money from the markets. |
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The world is moving towards anti-cash, but it doesn’t equal to pro-Bitcoin, Bitcoin is still far from being daily money because of its fluctuation.
That is definitely a tendency that we have seen during the last decades, but we do not really need the government to become supportive of bitcoin, we only need the people to be supportive of bitcoin, because at that point whatever regulations that governments decide to put in place will be ignored by the people and there is really not much that a government will be able to do at that point because people are going to be enjoying all the benefits of cryptocurrencies without the hassle of having to deal with the government. |
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Every action on trading is profits but sometimes the people's mindset misleads them to the right fact that there's no always happy days in trading and actually same as you I learn more lesson for the lose I encounter for the past years of tradings and now I'm yet doing a great trades since I'm kinda earning some percentage on daily basis but actually not huge since I'm settled to earn 10% a day and thinking for 100% is bit suicide for me since for waiting that to be happen I lost a lots of money.
Your problem comes from your exaggerated expectations, obtaining profits every single day is completely possible but those profits are going to be very small because you are not going to hold your coins for long, but trying to obtain 10% every single day is going to lead you to take risks that are simply unacceptable and while you may get some success in the short term that success is going to be impossible to be maintained during the long term. |
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I would say for now and the next few years bitcoin is still a good investment, if you look at the history of bitcoin prices should still be and will be higher than 2017, we know half is hype. at least we can see it go double in the next 1-2 years.
Bitcoin was the best investment of the past decade, it will be a real challenge to find any other asset that gave better profits than bitcoin during that time, and while bitcoin cannot experiment the growth that we saw in the past when we take into consideration that only a few million people have decided to adopt bitcoin then it is entirely possible that bitcoin still has a massive potential as an investment and the only thing that you need to do to reap those rewards is to hold your coins. |
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I remember those days as well and there was almost no one that was warning about the possibility of bitcoin being in the middle of a bubble and that the price could crash, everyone was incredibly positive about the market outlook and they believed that the market could only go up, but we know that no matter what kind of asset we are talking about we still have to respect basic market rules and it is impossible for any asset to always go up in value and predictably the price began to crash after there were no more buyers for bitcoin in the market.
Because that's a major upset happening at that time and many people get confused on why those things happening that's why the chain effect of what happening in year 2018 really scare off the investors until this moment and hopefully we will get out on those bad stain for that days so that the confidence will came back since as we see on next year there's an upcoming block halving that could possibly lift us back and those historical figures will comeback again. For that confidence to come back we need one thing and that is for bitcoin to challenge and surpass its previous all time high, nothing else will do, and it is very easy to know this is true by looking at what happened during this year, the price recovered for months and we saw a very positive trend but as soon as it was obvious that we will not be able to surpass the previous all time high the price began to go down as people lost any confidence they had because they were afraid that something like what happened during 2018 will happen again. |
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Many new projects that are born are indeed not useful at all and only become trash in the cryptocurrency market, new projects are still many investors who are interested in investing there because they do not want to miss getting profits like in the past, namely bitcoin. Developing old projects that are already in high demand by the community will be better
although there are many new shit projects, but it doesn't mean that all new project is not usefull at all bcz there are still a few new project which is really good. dont do generalize you just become smart to find the good one, do some deep researchs is the key You are just repeating what everyone keeps saying, everyone says that we must find a good project to invest our money, have you taken a look at the market? There are thousands of coins, who has the time to go through all of those projects and see if any of those is good, I am not going to waste my time doing it because I can invest already in the best project that this market can offer and that project is called bitcoin no other coin comes close to what bitcoin has achieved so there is no point to look for other coins when I have the best investment option right in front of me. |
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I'm interest in trading and I want to know more about it. So please give me your valuable ideas and opinions. As a beginner I would like to know that Is there any special ways to do trading without losses or in a manner which minimize the losses. Not only that please tell me Is it possible to start trading with a small amount of money at the beginning. Hope you will help me. Thank you.  Trading without loses is impossible trading is not sure if you are going to win or lose like gambling. If you have a good strategy in trading you can lose but only a little bit amount and you can recover your lose once you have a good strategy. Yes possible that you can start in a small amount because you are a newbie you can role that until you can grow your capital. Trading and gambling is different. Gambling is pure of luck. Trading is pure of analysis, besides technical analysis, fundamental and sentiment analysis is the factor that determines your profit. Many factors are branched out in determining your profit, this proves that trading does not just put buy / sell in the order book. And yes we can start with small capital to trading, or use a demo account. Don't even bother, most people do not understand the difference between trading and gambling and even if you were to explain the difference to them they do not really care because what they want to do is to gamble in the markets and not to trade them, but that plays to our advantage because if it it wasn't for people like him that treat their capital in that way it will be a lot more difficult for people like us to obtain profits in the markets. |
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We are going to eventually get there but it is not going to be easy, governments are not going to accept that easily that bitcoin is used for all kind of transactions, for the time being they are not banning bitcoin because they think it is not really a threat to the system that they had put in place but when that changes you can be sure that things will change very rapidly, and that will be the greatest test for bitcoin because many companies and businesses are going to drop bitcoin as a form of payment and only the ones that really believe in it will keep using it.
I think anyone serious about business will accept as many forms of payment as they possibly can. After all we making money here. Turning customers down is retarded. Why even spend all that on advertising and losing customers when all you need to do is support new payment methods. The government can never ban or control bitcoin or any crypto. They cant even control things as they are. Bitcoin can already be used at many places all over the world especially online. Many large companies now accept it as payment and i think smaller companies will fall under its footsteps Governments can ban bitcoin they only need to change a few laws and they can do it very easily, what it is going to be a lot more complex is to try to enforce those laws, but you are missing my point, if at some point bitcoin is made illegal most people are going to get scared and are going to drop bitcoin as a form of payment that they accept because they are not going to want to break the law and only a few people are going to keep holding their bitcoin, but if bitcoin can get over that difficult period which I'm sure will come then bitcoin will become truly unstoppable. |
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First, it depends on which capital, what's his starting capital? How much knowledge he has currently in trading/investing? How determined he is when it comes to learning and is he willing to sacrifice time and sleep too? It really depends at all, how he will do it, no one can guarantee although he have chosen the right to invest at still not enough to give him income twice his capital .
The size of your capital has a very small influence in what strategies you can adopt in order to try to double your money, what bothers me is that the title of the thread is a clear sign of what it is wrong with the market of cryptocurrencies, we know that it is possible to double your capital in two months in fact we have seen coins moving a lot more than that in a matter of hours but those are the exceptions and no one should try to make money in the markets by trying to imitate the results that only a minority of the people in the market have achieved. |
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Nowadays scammer are so skilled that no matter what kind of security you take they will find a way to bypass it. They bring a colorful project forward and new investors put their money into it due to lack of knowledge. There very little you can do about it.
Scammers are very smart individuals they are evolving and they are improving their techniques so they can deceive even more people with their scams, I really do not like that it has come to this but the only way to avoid scammers is to doubt every single project out there that you see because chances are that those projects are scams even if you do not see a single sign that points towards that conclusion, you must assume that the scammers are so good that it's impossible for you to distinguish a scam from a good project. |
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Today I've decided to sell my car to invest in IEO or ICO.
Is my decision right?
Is it with a lot of investing in IEO can refund my money?
I recommend you stop and use that money to buy a new car. Do not try to make money at the bear market, this is the absolute rule of many investors. Do you think ICO or IEO projects can live in a period where bitcoin is constantly falling? The cash flow is narrowing towards Bitcoin and the alts seem to be dying from lack of liquidity. Recently, Binance's IEO, TROY and HBAR, are no longer profitable for investors. Everything is broken and there is no more profit for us. Now we should wait for the prosperity of 2020. He's probably not going to listen, as you say there are particular moments in the market in which it can be incredibly profitable to invest in ieos or icos but this is not one of those moments, as traders we need two different kind of skills in order to be profitable, the most obvious one is that you need to be able to increase the size of your capital when the conditions of the market are favorable, but the second one and the one that most people do not really appreciate is the ability to protect your capital when the market is going down, and right now we are in a stage in the market in which you need to protect yourself and your capital. |
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I think the easiest way is to try opening a chart of any other altcoin or bitcoin and tracking the change for a short period of 1 hour to 1 day. No property has changed its value so quickly. Going up and down very fast, the stock market or forex can't change that fast. Bitcoin or altcoin is difficult to use value analysis models to apply.
That will help you to understand the volatility of the market but that is not going to necessarily help you to understand the risk, the risk that you are taking when investing in the market of cryptocurrencies has to do with how much money you are investing in it and where is your stop loss, if you are using a very tight stop loss then it doesn't matter that the market moves a lot you are only going to lose a very small amount of money with each trade that you make and your risk for each trade will be low. |
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in my opinion bitcion is quite difficult to reach $ 10k by the end of this year. right now we are in December and bitcoin prices remain at $ 7k. but I did not give up hope
bitcoin is very volatile and can go up and down suddenly with large volumes. there is still hope for bitcoin to reach $ 10k by the end of this year. I'm sure bitcoin can pump again. I'll be patient and wait.
We cannot tell since the price in crypto is sometimes unpredictable. Sometimes you have a perfect analysis but there are some instances that results are beyond expectation. Since we are in the last months of the year I hope that it will slowly recover and hopefully next year we see the momentum. The year is slowly coming to an end and we are still very close to 7000 so it doesn't seem likely that we are going to reach 10000 by the end of this year, however I agree with you when you say that anything can happen with bitcoin, we cannot really discard that during the last days of the year we see a huge pump that will allow bitcoin to reach those prices, in fact several weeks ago the price of bitcoin moved by 3000 dollars in just 24 hours and we cannot discard that could happen again. |
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I personally believe the policy wont hold but the regular will suffer it, because they will be the target when an unusual transfers starts taking place, so this will only apply for electronic transfer and never cash, you can't trace cash that is not in the system
I believe these types of restrictions will lead people to adopt cryptos in the end. Not just Malaysia, I heard India is also putting lots of restrictions and they are too rigorous on cryptos too but I do see my friends from India are slowly adopting bitcoins for their all needs. Simply, I welcome Malaysia's this move as it will help their citizen to adopt in one or another way. This is what I think as well, governments believe that they can order their citizens to do whatever they want and that they are going to obey, and for the most part this is correct right now, but at the end people are always going to want to have as much freedom as possible and eventually they are going to realize that what is happening is a serious threat to their privacy and to their freedom and they will eventually take the necessary steps to regain that freedom and the best way to do that is with cryptocurrencies. |
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I started trading because I got inspired from the earnings of my brother. He is a good trader and he is earning at least 20% per month by just trading altcoins in the market and I got curious on how is he doing it and I asked him to teach me how to trade and that is when I started my journey from being a dumb newbie to an educated newbie.
Take advantage of the great opportunity that life has given to you, the majority of the people in this forum had to learn about bitcoin on their own without any help, to have someone that can help you and that is also part of your family is something invaluable because he is going to genuinely want to teach you how to trade the markets in an effective way and that is something really difficult to find and the best part is that you can use that knowledge in any market if for some reason you do not like to trade the market of cryptocurrencies. |
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Most altcoins are short lived most of them are pump and dump coins some of them only last months or years that's why i keep away from altcoins as much as possible, but if im going to invest in it i rather pick one in the top list of crypto currencies. Still no one can replace btc that's why i hold even though its small, it's the best bet for me especially im not really experienced in trading, that's why i prefer safer assets even though its not much of an investment.
That is just one of the many reasons why altcoins are not growing anymore, but one of the most important is that investors have lost confidence in the altcoin market in general, and you can easily see that this is true because the bitcoin dominance is still very high despite the fact that its price has been going down for months, in theory this should be a golden opportunity for altcoins to shine and to recover some of their value that they had lost and yet it doesn't happen. |
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For sure it will, people are just getting tired of waiting. A lot of investors are just loosing hope, because nothing changes for a while. But still, altcoins and crypto are here to stay, everything will get better with BTC halving in 2020.
The markets are a waiting game, those that are the most patient are the ones that get the most profits, so if people are getting impatient and do not want to wait anymore and are ready to sell their coins do not join them, that is a sign not only that the market could keep going down for quite a while but it is also a sign that you are getting less competition and that in the future your profits are going to be even bigger than what they could have been because those people are basically giving you their future profits to you. |
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yes I think banks are always like that. the bank always has a reason to be able to take our money with administrative fees, monthly fees and others. but I know that not all banks like this, there are some banks that are quite friendly with customers and the costs that must be incurred by customers for administration are quite low. therefore I strongly support cryptocurrency with blockchain technology will make transaction costs cheaper and no need to use a third party like a bank. and I will continue to strive to introduce cryptocurrency to relatives and friends. so that more and more people are supporting cryptocurrrency.
almost all banks have the same way of working, they benefit from their customers by charging administrative fees every month. but I think even so, the role of banks is certainly still very much needed by everyone, although now there is modern technology in the form of cryptocurrency that is able to facilitate its users to conduct all transactions at a fairly low cost, everyone certainly needs a central bank to convert their digital money in the form of currency used because most countries cannot fully legalize cryptocurrency as a means of payment or other needs. I will not deny that banks are needed, however they have abused their privileged position and have taken advantage of the people for too long, this is the reason that regardless of the culture or where you live most people actually hate banks because they know that they are taking advantage of them, but until very recently we really didn't have any option and we had to accept their abuses, but now thanks to bitcoin that is slowly changing and it is possible that in the future we could live by using only our bitcoin and not having to deal with the banking system. |
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