I'm really wondering, is there anyone out here who's had a great success with bounties and airdrops? I have never heard of anyone who's earned a lot of profit in the end off those, and all those hours people waste over assets worth nothing are surely not worth it in the end. Change my mind.
Bounties way back 2017 were mostly successful. In the same year, many bounty hunters earned huge profit from bounties which made it more interesting than to invest. Way back, tokens are more likely to be the payment at the end of the campaign period to the users. Those tokens will have a value upon the release in exchanges. I have this friend who was able to earn $500usd from a single campaign before, which ran for a month only. Unlike today wherein oayments are more based on usd per week. |
|
|
|
Prices don't go in a straight line so expect that there will be retracement and pullbacks that may happen, there is currently a parabolic move in the bitcoin and for me it is a sign of weakness if there will be no consolidations that may happen to the price. If there will be a long consolidation above $14,000 levels then there is a high possibility that the price may reach $15,000 and even more. There is currently hype in the cryptocurrency market and it is the reason why a lot of investors have an eye on bitcoin. The buying pressure is still high and it is the reason why the price is keep moving up.
In any market, there's no such thing as a parabolic rise, bitcoin has proven this and although we are close to $14k-$15k, it might take some time to achieve this and definitely there will be retracements and pullbacks along the way. And right now, we can't get over $14k, there seems to be a big wall in front, so expect a wild price fluctuations, not unless we have some news again like the Paypal hype or more institutional money flowing in. We need to wait for that $15k. The market price is not certain. It moves a lot which makes it hard to make predictions. The market price at this moment is indeed close to the market value in this topic but possibilities are possibilities. There is a chance for further price increase but there is also a tendency for its market value to fall in a sudden.The market price could also be "stabilized" at a certain price mark points. Waiting therefore is indeed more advisable. There's still more than a month in order for changes to occur in the world economy and we have to wait on its reflection in this industry. |
|
|
|
How can we identify when a scammer is trying to scam.
I believe it is simple, their offer is too good to be true. If we keep our greed at bay, we can easily see their scammy plot because almost all their offer are those that will trigger our greed and make our brain think irrational. Aside from that, we also need to educate ourselves and do research in every offer of investment we meet. Patience and thorough research will always save us from the claws of these scam people. If something is far from the reality or if the project is too good to be true, then there should be curiousity. Curiousity must be followed by action of checking if it is true or not. There are many ways to do so; asking other people inside and outside the project or checking for its background. Think of it as "there's no way a project will be this much". And if you won't lose that much from engaging if there's no other way, go for it. Sometimes risking is worthy of one's time. |
|
|
|
It is rare for me to gamble with bitcoin as most of the time I use altcoins due to some reasons. Other than that, I have fixed fund for my gambling activity and I set the fund based on my own local currency. Lets say my budget for a week is $100 and I have to gamble with bitcoin, means that no matter how much is the bitcoin price, it wont affect my budget. The number may different in bitcoin but value stays the same in fiat currency. My betting limit per single bet is also limited to a specific value e.g. $2 max per bet. This makes me able to control my budget/money easier than when I have to set my budget in bitcoin as the value is volatile.
I'm not a full time gambler, i used to gamble once in a month but if i were going to gamble and using bitcoin as a bet i can't do it. I treasure bitcoin and wanted to keep it for a long term investment and i believe that bitcoin were worth to keep on as a long term investment. The volatility of bitcoin makes me aware of the things that i should priority first when it comes to bitcoin. And as i can observe that the price movement of bitcoin does affects the gameplay. I give you a salute that you gamble once in a month because not many people can gamble just once in a month. It seems you can consider that bitcoin is worth keeping and not using for anything except as an investment. If we really care about bitcoin and want to use bitcoin as an investment, we can keep it for some time and only sell if we have a high target price. But many people use the other coins when they see bitcoin price rise higher because that can affect their gameplay. It is not actually the gamrplay but rather, the coin to be used in playing. Gamblers are conscious of the things they do. In gambling, losing is more certain and using Bitcoin, if it is having a good time in the market, will more likely contribute to their losses not literally. It is just that they would miss earning profit from holding such coin or investment perhaps. In this case, using other mode of payment will be more advisable but if it does not concern you, there's nothing wrong with using it. Just keep in mind to make actions which will more benefit you. |
|
|
|
Just a few hours ago, Bitcoin breached the long awaited $14k checkpoint.  Long did the analysts and evangelists preached about this milestone. $14 000 is finally upon us. Are we ready to handle it? Is Bitcoin primed to unleash its might upon us? This has been expected and more to $15,000 is speculated also. Bitcoin has done well for the last month and I expect a continuation maybe till the year ends as we already approached the ending of the year. This is not advising not to guide and do research for better knowledge on investment. There are already predictions that the market price will be continuously increasing until the end of this year. But the bottomline is lack of assurance. Research sometimes is not enough especially in this industry wherein patterns are not even valid due to the nature of inconcistencies regarding market behavior of not only Bitcoin but also other cryptocurrencies. Much better is to focus on holding and avoid letting go of your investments for now even if the price is already tempting or even if there are doubts that the market could again go crazy. Hold-still. |
|
|
|
Do we really need bitcoin?
Of course we need bitcoin, who doesn't? Although the importance depends on the user, in some parts of the world where there's no restrictions on the use of bitcoin it is been used for payment purposes, why some use it as a form of investment, imagine buying it at $300+ when it dipped earlier this year and selling it at the current price right now which is $13,000+ and its still showing no sign of slowing down, it is undoubtedly one of the best investment one can make nowadays, just buy more bitcoin  . OP asked if we need Bitcoin maybe referring to it as a mode of payment since there are many other cryptocurrencies existing in the world market. Investing into it is really profitable but given the market volatility which is in its nature, there's huge risk of losing since things are uncertain in this market. Anytime, its market price could go down along with your investments resulting to temporary loss. Earning profit from this technology is not as easy as it sounds because deep market analysis is needed for such thing to be earned. |
|
|
|
What's on your thoughts here?
I thought that history would repeat itself in 2020, but I was wrong, however, there are still about 2 months left in November & December. From the graph, what the OP shows, history can be repeated in four more years, moreover half of it was completed last May, it can still be seen about a year after the halfing happened, hopefully so. A graphical watch shows that between 2021 or 2023, anything could happen again to Bitcoin. History could repeat itself for bitcoin but not for altcoins, $20k is too far to achieve at the current price but this would result to the dump of altcoins which we didn't see in 2007 as what we saw is a hype for the entire market. If bitcoin will stay at $20,000, I think this would make investors to be interested in investing as they have already proven bitcoin is not a bubble. At this moment, Bitcoin's market value, being able to reach $14k usd, it is not surprising to know that many people are expecting for a new ATH. But we cannot blame them from doing so. Bitcoin managed to reach its ATH before and what is happening gives them idea of possibility. But since things are not certain in this industry, there are still people doubting of such thing. Based from what happened, upon breaking the market value, its price suddenly fell. Not to be a pessimist but certainty of breaking the ATH is not yet certain. Therefore, history is also not yet certain. |
|
|
|
On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
Further developments are surely needed before this thing come to existence. PayPal indeed made a huge move of accepting cryptos as a mode of payment but the reason why is more likely related to taxation or profit in short. It is not even a crypto to crypto transaction. There is still a need to convert in fiat and that's not what crypto adoption is. Third party network is somewhat a good thing to happen especially if the network is having huge influence for other businesses to also do so and for more people to recognize the existence of this technology. But if it is only the name which will be adopted, then changes will not be that big. |
|
|
|
Better hold and learn from past history, this is 2016, prior to the bull run of 2017, so the history might repeat itself again, although it might take long. What I'm trying to say is that we should HODL as long and as much as we can. Well you can spend me, but at least be reminded that we are still a long way to go to see the price going into another all time high, this is just a tip of what's going to happen next year. So I would rather stack even more on the contrary, instead of spending it.
But what if something is urgent? That an investor really need to buy something for himself? This I think is one exception if you would be in difficult times. But if it is not necessary, ofcourse it would be better to leave your investments alone in the possibility of earning more profit in the future. But bottomline is possibility which means chances or things are not certain. What we are seeing is forming conclusions of how high will the market price become if this would be continuous. "If" the market price will be continuously increasing then that would be ofcourse a good thing. But what "if" it again suddenly fall? Just don't rush things and make an action you think will not be regretful. We are on different circumstances. |
|
|
|
I am not really up-to-date with the plans of the two candidates, but in the short-term American elections shouldn't have any direct impact on Bitcoin price.
Not directly towards Bitcoin's price. But if I read the previous articles circulating online, Trump has plans of banning use of cryptos in U. S. and if that's the case and it happen that more countries did the same thing, there will be a negative aftermath of such action in the price of Bitcoin because many people would be prohibited to make use of the opportunity of it to be profitable. That would be another 'possibility' but not until it became a reality, we will surely be the first ones to know.And if the other one supports this technology, then changes will also be observed and let us hope that it would be a better situation. |
|
|
|
I've already stopped betting since 2 days and I'm not planning to make a single bet again in my life after what losing streak I had in the last months so yea , don't waste your coins on gambling and if you do, make sure you know how to lose.
The concept in gambling is certainty of losing most of the time. Gambling is not that bad, greed is. Many gamblers are making this activity as a source of income despite of inconsistencies with the profit. In these instances, greed and frustration might take place resulting to bigger losses from wanting to get your money back. Gambling is meant to be a leisure activity not a reliable source of income.If you enjoy playing, then continue but if this game results to another problem, that's something to be worried of. |
|
|
|
Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.
---
This only applies to people who have great luck. And this luck cannot be duplicated. We have to find our own path of success by learning a lot, trying a lot, so that we will get the best strategy according to our abilities. If it fails, then do the analysis so that there are no mistakes in the next step. Being involved with the crypto world does require a lot of learning, it can't be just with enthusiasm. Knowledge is very important so you don't get caught by scams and losses. Crypto is also high risk so use cold money only, which you can accept the loss. Experience will teach us many things in life not only in crypto. And that will take time and circumstances to learn things that are needed to combat what is presented in our lives. This will also give us wisdom on how to decide things that matter to us. One should really follow his own self because no one is responsible to your actions but yourself. I get the point but I think that's not how things work in this industry. Following one's though before doing an action is indeed correct, but atleast have a basis. For an instance, an investor suddenly invested in a crypto because he thought its platform will be having further developments and investing early into it will be advantageous. But the price fell in an instant because other people did not feel the samething towards that crypto. But action is already made perhaps in this situation. Who's to blame? Ofcourse, no one but you should learn from that instance. Reality will not always be depending on your expectations. |
|
|
|
I'm just betting for entertainment and just placing bet on the team that I support and really like and so I just bet on the who would win or who would lose in short a single bet. I think by just betting it's risky already but placing multiple bets would increase the risk.
Depends on the situation still. If you are in control of the betting variables, you won't be scared to diversify your bets simply because you know how the 'game' works in the first place. Sports betting as an example; you are familiar with the teams and you know which teams would be worth betting. Team 1 got your first vote. But you know to yourself team 7 and 8 are also having chances to win. You would probably make multiple bets simply because it is not a gut feeling, but you are just analysing the capabilities of the teams. It would still generate risk indeed but in this sense, you will enjoy things because of interests. Losing is more certain in the first place, enjoying the activity will ease the pain somehow. |
|
|
|
|
Just make a concrete plan of selling point. It will be somewhat subjective. Think of a market value that you won't regret selling at that point. If the price increases upon selling, make a way to not regret from doing so. If the price continues to increase and you are not yet satisfied with your profit then invest. There will be doubts for sure. Hesitations such as "what if the price suddenly fall?". That would be greed at any sense. Be contented with the fact that you already earned profit. You won't be able to take all, it is investment we are talking about and profit is not always certain. Contradict your thoughts to minimize anxiousness.
|
|
|
|
^ Governments will really do everything they can just to have control in the currency that is circulating in the economy, and they are using the situation where bitcoin owners are awaiting for the global acceptance of cryptocurrency in the market because if in case that decentralized currency will become the only means of exchanges then the government will have no ways of knowing the status of the economy. In fact, centralizing cryptocurrency is also one way of monitoring the identity of people who hold bitcoins or other stable coins which will possibly cause identity concerns in the future. In other words, it is beneficial for the central bank and the government if they can make cryptocurrency a centralized means of exchange and it is up to us bitcoin holders if we will let it happen just for the sake of global acceptance.
Centralization I think is only concerned with taxation or government generating money from every transactions. This technology is getting more exposed in the eyes of many people relevant to its popularity. I doubt there are intentions concerning identity which could be an issue in the future. I think they are not interested even in that aspect. Big companies adopting this technology are simoly eyeing for profit and the possible reason why some governments are still against the adaptation is due to the nature of decentralization. And I think as of the moment, there's no other way than centralization as a way for global adoption of cryptos, not really in the hands of the users. That's how power works. |
|
|
|
BTC is digital while money is fiat. So BTC is money
Simple logic. Usage does not determine the function of something. For example, there are fruits which can be used in making wines and other stuffs. Likewise with Bitcoin, it can be used as a currency which is its main purpose because it is a digital currency in the first place. But it can be also used as means of investment due to its volatile market value. It is just that the usage of Bitcoin as a mode of payment is still limited to some countries and to most of the places, Bitcoin being used as an investment through blockchain technology is what is more convenient. This gave it an impression being more of an investment than digital currency. |
|
|
|
|
There are instances wherein the market price of altcoins are moving in the direction as with Bitcoin. Such that when the price of Bitcoin is in green marks, the market price of some altcoins are also in greenmarks, likewise when there is a downfall. But there's no strong evidence or linkage that the market value of alts and Bitcoin are correlated with each other. Sometimes the market value of ethereum is in green while Bitcoin's on red marks which breaks the correlation formed in the idea of people in this industry. The instances wherein their market value are on the same marks is due to the influence of this market in general.
|
|
|
|
|
Based on your replies, I saw you are that holding with the idea that Bitcoin will be the best way to earn profit for long term holding. You are having a point but is lacking certainty of such thing. The market price seems to be increasing continuously which is indeed promising. But I'll tell you this, things happen unexpectedly. If you are really looking for assured profit do not engage to investments because in every investment, there is always a risk of losing money. It made me also confused. The situation you mentioned is that you are at the "edge" of your funds, but you will still seek for long term investment, long in a sense that you are ready to wait for years for that profit. So how will you fund your daily needs if you are aiming to let your money be on investments for years? Not being a pessimist but I would like to open your eyes on chances that you may be putting your future at risk.
|
|
|
|
We don't know what could happen further with bitcoin. As per the information quoted on different articles what the cryptocurrency community experienced during the year 2017-2018 is unexpected and it is like a bubble. Further after dropping low once again it started to grow gradually. This growth has been taking place in a stabilized manner, and the same serves as a reason for big expectation by 2021.
Did you just say things are inconsistent and expected something to happen due to a "pattern" at the same time? Things are just naturally happening in an unexpected manner in this industry, more likely due to the nature of volatility. Going back with the 'basis', what happened in the year 2017 is completely unexpected, especially when the price of Bitcoin reached its ATH. The market value in a sudden, fell without any signs. There are even predictions wherein the market value will increase more on the following year. After that, the market value of it becme stable at many price points coined to be "resistance" of the market price, but nothing seems to change; price will increase in a sudden and fall eventually, staying at a price point. So maybe, let us all just be patient and wait for things to happen on its own. |
|
|
|
Saying that Bitcoin is well adopted is a bit too generous, considering that you can't just go outside and spend it, and you have to specifically look online for the closest places that accept Bitcoin, and then spend potentially a lot of time getting there. And even online it's hard to spend it, because big platforms like ebay or Steam don't accept it.
With a marketcap of over $200 billion, why the reason PayPal want to included bitcoin as ones of the money they are accepting for payment why using their platform? I think that answer the question. In no way does Bitcoin solve the problem of theft. Not only it can be stolen physically, if you have a paper wallet, a seed phrase, a digital medium with an unencrypted wallet file, it can also be stolen digitally via hacks, phishing, malware, etc. For people with poor security practices, which is the majority of the population, Bitcoin theft is a far bigger threat than some bank theft.
That is why people should be security concerned, if someone is security concerned, it will be difficult or impossible for hackers to penetrate, there are many ways to avoid these, like generating your private key offline and also having strong security against hackers, and also learning how to avoid malware especially while using hot walletd, and well other wallets. Practically, you are right, that is why people need to be conscious digitally, most people are only conscious physically. One important characteristics of money is that it is generally accepted by every one in the community or society but bitcoin is not yet known by all the people. Bitcoin is still struggling to go to people's accepting it, it is still very volatile and money isn't. I think that we can look bitcoin from area that it is digital currency purpose.
You are wrong, bitcoin is accpeted by people, that is why its realized cap is increasing, which society does not accept bitcoin when it is even used in countries that ban it, while most countries legalized it. Is it volatility that also matters or depression? Fiats are just depreciative assets while bitcoin is appreciative in nature. Bitcoin is a successful currency already. It is legal to more countries than in countries wherein it is not. But the fact that majority of the countries are "neutral" into it, meaning, are not in full support, he has quite a point. Comparing fiat and cryptocurrency, ofcourse fiat is more widely used because it is generated by each government to serve as a mode of payment. Bitcoin is appreciative in nature, indeed, but is not having consistencies regarding its market price due to its volatile market value. I do agree with Bitcoin's success as a currency among its competitors in this industry but it still needs further development. Coexistence is more likely to happen than Bitcoin alone in the future, IMO. |
|
|
|
|
Show Posts
