Let's say you bought a bitcoin for $1000 in January 2018. <Just an example, not the real price at the time> So you have to beat inflation and also the performance of other investments to say that your Bitcoin investment was a better investment, than other alternative investments. Let's say your inflation is 5% and your best return on some other investment is %20 per year, then your Bitcoin price increase will have to be more than %25 to beat the alternative investment. Let's say you hoard for 5 years, then you would need a price increase of 125% to beat your alternative investment returns over 5 years. So we cannot have a price increase of 800% in year 1 and then a price decrease of %400 in year 2 and another price decrease of 200% in year 3 and so on... Hope you get at what I am saying. Hoarding might be harmful to your profits, if you do not cash out SOME profit on the ATH.  ..... You might end up with a bitcoin worth $100 in year 5.  There's a lot more to it too! There's a whole psychological component as well. People were inclined to invest in Bitcoin during the ATH run because they saw it going up so much. They decided that they could hop on the train too, so that's exactly what they did. However, when people see this coin hovering at the same spot/dropping a little bit, people get scared. They pull their money out, and they also tell everyone else they know to do so as well. In this case, there's not as much of a push to drive the price back up, so the coin has to fight this resistance. Since BTC is governed by the people who invest in it, this can have major impacts on the price. It's a weird cycle in a sense. |
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What's your opinion on buying new emerging coins that are not yet on top and cost less than 1 dollar?
How do you decide whether they have potential to grow or not?
I don't think too much of that. If the coin has promise, there's no reason not to invest in it. Bitcoin was worth less than 1 dollar at some point, and look at it now. Furthermore, saying that you're nervous to invest in a coin that's under 1$ is like saying you don't support a lot of the currencies in the world. Most currencies aren't the same value as the dollar, but instead are worth less. Would you ultimately stop using that currency if you lived in one of those countries? Probably not. Your scope is defined by what you set it as -- so if you decide to not buy any coins less than 1 dollar, you can make that choice and work with it. However, all these coins generally start from somewhere; you don't really know what the next big coin will be. |
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Bitcoin fees are higher than any other coin. This is due to a lack of scalability and thus high mining fees, which also effects transaction speeds. Ethereum and LiteCoin have much lower fees and send much faster. XRP is cheaper and faster than that. IOTA is free but their wallet is not quite up to par yet. This market is still very young and growing. Eventually these issues will be worked out. But the great thing about competition is that you can choose which method you want to use. And if you’d rather stay in the fiat world you’re free to do that as well.
The thing is that this could be the reason that Bitcoin isn't the coin that lasts. That's what makes the altcoins so interesting to people -- they realize that it's a possibility that Bitcoin ends up having super high fees and slow transactions, so people will swap to a different coin. As of now, I don't think we're at that phase of understanding -- people just invest into what they like, they don't do much research (at least the general population, not those who are pretty versed in these investments). When the time comes, if Bitcoin doesn't work out its small kinks, people will switch around. |
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The main reason people say holding your money in an online exchange is because you have to be certain that your money is safe with that exchange. This is likely impossible to guarantee 100%. Take for example this situation. Let's say you give $100 to your friend James because he can hold onto it. While he has the 100 dollar bill, you don't know what he's doing with it. You don't know if he's going to get robbed because he has a 100$ bill or if he's going to just turn against you and take your money. That's the danger in putting your trust into other online exchanges -- there are always "if"s. |
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Usually they recommend you to diversify your investment, so you avoid losses.
But as a real approach, having $1.5k, would you invest in how many cryptocurrencies ?
What if I invest little by little, only in Bitcoin, would that work as well ?
I understand your concerns of seemingly having too little money to start investing, but my response is that everyone has to start somewhere. To you, you're choosing to invest a little over 1000 dollars because it's important to you. Because of this, the same rules of investing anything applies. If you want to be safe with your money, you should take your time in finding coins to split up your investment over. This is because if one goes down, you'll end up losing everything if you put all your coins in one bucket. However, if you're going for a risk to become rich, you can put your money into a coin after a good amount of research. The crypto market is just cutthroat, so you need to be careful on your own side with investing. |
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In times of volatility and uncertainty, investors tend to favor one particular crypto that has high liquidity and is stable. At the current time, Bitcoin price trend still dominates the market trend.
However, Bitcoin leading position seems to be doubtable as Altcoins have recorded a stronger rise recently and the market is less affected by Bitcoin. Instead of following the general price trend of bitcoin, many cryptocurrencies also start to follow their own “trajectory”.
This week, the altcoin works much better than both Bitcoin and Ethereum. The added value of the ERC20 tokens and the increasing demand for small cryptocurrencies of investors in the global market has proved that Crypto investors are more confident in betting their money on this market.
Saxo Investment Bank from Danish, with its aim to focus on online trading and investment, has announced in a recent report that the capital inflows from organizations to the Crypto market will lead to a rise in prices for most of these currencies.
This is an interesting opinion that I doubt many people on this forum share. Altcoins generally are just a bigger market, but for most part, bitcoin is the bridge between them. Generally, if you want to buy altcoins, you have to buy bitcoin and then use that bitcoin to purchase the alts. It's hard to find places to buy altcoins directly. I believe this is what makes Bitcoin and Ethereum in particular so large in terms of all of the other altcoins. As long as the system of having to purchase altcoins using bitcoin/eth exists, it is very unlikely that the altcoins will surpass bitcoin, as there will be people putting as much money into BTC as they do alts. |
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I am looking for the best bitcoin wallet.
What do you recommend guys?
Use blockchain.info wallet if you want to store bitcoin. I am using that wallet to store only my bitcoin. In my country, we have a wallet and an exchanger. I'm from the Philippines by the way. coins.ph is popular among bitcoin investors, where you can store BTC and ETH, cashout and convert PHP to BTC or ETH. It's useful, but if you're talking about in general, I suggest you use blockchain.info. Don't worry, you'll get many suggestions here. Blockchain.info is not that great of a wallet. In general, you want to stay away from the online wallets. They are prone to hacks and if someone is to hack the system, they can easily access countless amounts of bitcoin from people. Instead, you should turn to using an offline wallet. I use electrum. Everything has been pretty safe as long as I've been using it. There have been a few security flaws, but they've been quickly fixed by the devs and the reminder to update also pops up in the "News" section of the Bitcointalk header. @OP, I suggest you use some offline wallet. Don't keep your coins in exchanges or online wallets as there are major flaws with these systems. |
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With bitcoin and rarer completeness I think this could trigger for more expensive prices or will trigger a higher price increase.
I think we still have some time before bitcoin becomes super "rare." I guess there's a good amount of money trapped in wallets that people can't recover, but I don't think that's going to change the economy too much. I think the bigger impact comes from the fact that mining is becoming less and less profitable. As of now, I feel like the amount of bitcoin in circulation is good enough for keeping people at bay. I don't think I've heard of anyone complain about a shortage of bitcoin. If there was a shortage, it would cause the price to skyrocket if they really wanted to buy bitcoin. Without the support, bitcoin would be dust. |
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We've spent the last 6 months building a new search engine specific to cryptocurrency websites, and wanted to get some feedback on our alpha: https://amuletplatform.com/data/Currently we're indexing 24M+ posts across Bitcointalk (english boards) and Reddit's biggest crypto subreddits. We're working on adding Telegram, YouTube, and Twitter. We think we can do a better job than Google for the following reasons: 1) We index faster than Google (on average we index new posts in less than 10m). 2) We rank results based on the poster's history (e.g. if our algorithms detect users who shill or post low quality content, and rank them lower) 3) We detect coin names in the search result and show additional information about a coin (e.g. Bitcointalk announcement post, Telegram, etc.) Give it a try and let us know what features you'd like to see. We're still fixing a lot of bugs, so the system is very stable yet. This search engine is absolutely amazing. Please do add a few more sources, as I could see this site easily being one of the most used to research all kinds of blockchain projects and upcoming coins. It reminds me a lot of https://www.sec.gov/edgar/searchedgar/companysearch.html, which is often used to search for company filings. A few general tips for the search engine: There might be better algorithms for which posts you choose to show to the user. Some of the posts that I see when I search up for a very common term like "bitcoin" seem pretty useless. I understand how the general site should and can be used for altcoins and ICO's, but I think that could be a great start. Definitely keeping your ANN thread in my sight. Definitely- we need to improve the result for common keywords. The search was initially designed for altcoins, but many people will probably start by searching "Bitcoin." As I've been doing more searching just on the site, it's actually very well organized for the altcoins that don't have much traffic. It's able to spit out some of the most crucial stuff for altcoins if I search them up. Things such as the ANN threads are definitely super useful when researching coins. I guess the whole algorithm can easily be worked on in the meantime as this is an up and coming project. Also, you could potentially add more results into the results screen. If I search up for something, I only get one page worth of information. Maybe splitting that info into multiple pages or just adding more data would be a good improvement as well. |
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What do you think about this possibility ? Would you invest in your government currency ?
Yes, a government indeed could create an altcoin if they wanted to. I don't see why exactly they would want to, however, because they already generally have the banks on their side. They regulate their own country's currency and through taxes they probably get more money than they could if they were to regulate their own altcoin. I guess one reason to make a new coin for a government would be to have easier regulation (through technology), but that defeats the purpose of the coin because there would be practically no support for it. |
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We've spent the last 6 months building a new search engine specific to cryptocurrency websites, and wanted to get some feedback on our alpha: https://amuletplatform.com/data/Currently we're indexing 24M+ posts across Bitcointalk (english boards) and Reddit's biggest crypto subreddits. We're working on adding Telegram, YouTube, and Twitter. We think we can do a better job than Google for the following reasons: 1) We index faster than Google (on average we index new posts in less than 10m). 2) We rank results based on the poster's history (e.g. if our algorithms detect users who shill or post low quality content, and rank them lower) 3) We detect coin names in the search result and show additional information about a coin (e.g. Bitcointalk announcement post, Telegram, etc.) Give it a try and let us know what features you'd like to see. We're still fixing a lot of bugs, so the system is very stable yet. This search engine is absolutely amazing. Please do add a few more sources, as I could see this site easily being one of the most used to research all kinds of blockchain projects and upcoming coins. It reminds me a lot of https://www.sec.gov/edgar/searchedgar/companysearch.html, which is often used to search for company filings. A few general tips for the search engine: There might be better algorithms for which posts you choose to show to the user. Some of the posts that I see when I search up for a very common term like "bitcoin" seem pretty useless. I understand how the general site should and can be used for altcoins and ICO's, but I think that could be a great start. Definitely keeping your ANN thread in my sight. |
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I agree and believe that we do not worry about the bitcoin situation now that now the bitcoin price is decreasing it will be going to rise again, because I also believe the bitcoin price will go up and up, because bitcoin is a blockchain technology has advantages from various things like security and the ease for users to make transactions anywhere and have the speed of transactions in comparison with others and do not know the time bates is in my opinion and hopefully bitcoin and growing. Thank you
If you're talking about the long term, it's understandable that you believe that Bitcoin will continue to be positive; however, I very much feel as though it will be a bumpy ride to get there. We've already experienced one pretty strong bump in the drop after the ATH that tanked Bitcoin by so much it felt as though the coin was forgotten. We'll have to break through 10k once again with some strong momentum if we want to pass by that ATH once again. Blockchain technology is very versatile and usable in today's world, but if it's used in a particular case, then we might see altcoins having more value than Bitcoin itself. |
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Yeah obviously it is. The best thing about technology is, there’s always scope for something better to take place the existing. It gets better. Blockchain, the backbone of Bitcoin, is already called as the future technology by many people. Adaptation of this technology will bring huge difference in tech world, I believe.
I guess that's a good thing about technology, but at times especially when we talk about Bitcoin, it seems like it's a double edged sword. What if there's a new altcoin that might come up that ends up being the new Bitcoin? Will we support Bitcoin or that new altcoin? If people are to support the altcoin, then the crypto markets will heavily shift and we may not see bitcoin at the top anymore. While blockchain technology may be the future and it may spread far and wide, an implementation of it could take down Bitcoin if that altcoin gets more support. |
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The market has already declined significantly since the Dec ATH, so possibly it already hit the bottom and we are in for a bull market. I do hope the increasing Market cap is a sign of this, but this could simply be a bull trap and the downtrend could continue... But shouldn't this be in Speculation?
I think it's very important to keep that option in mind. With the crypto markets, it's very hard to pinpoint when exactly the markets might flip around. However, as of now, the general market has been showing pretty strong signs of a flip. Bitcoin has been increasing steadily and the market cap has been doing well recently as well. It seems as though the turn around might begin this month. It seems like it came a little late in comparison to the past few years, but I don't see how there can be a major halt in the current momentum of the markets. |
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Your patience should only apply when you invest in a down market. When the market is going up, you should not be persistent. Once you have a profit you should sell it.
While I understand that this is the safest option, I feel like a majority of investors are trying to make meaningful profits off of their investments. If they were to all just sell right when they see themselves in green, they would need to invest huge amounts of money to make decent profits. Most people don't have that, so they wait out the profit trains. I feel like patience is easily applied also when the profits are going up. If you wait out profits, you are much more likely to make more money, even if it's a little riskier than just selling right away. |
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Hi all Bitcoin-talkers, We have been working hard for you over the last few months and now we are finally live… Let us present https://www.cryptowisser.com/, a site where you can easily compare the different things you need in the crypto world! You can, for instance: - compare between 250+ exchanges,
- compare all of the casinos where you can play for cryptocurrency,
- compare all of the available crypto wallets,
- compare the places where you can buy goods for bitcoin, and
- compare the different debit cards you can load with bitcoin.Did you know that the taker fees of the exchanges out there range from a staggering 2.00% to as low as -0.01% (that’s right, you get paid as a taker)? Or that the withdrawal fees for withdrawing 10 BTC range from 0 to as high as 0.1 BTC? At https://www.cryptowisser.com/exchanges/ you will get an instant overview of all exchanges in the industry and their respective offerings! Our purpose is to provide the tools an investor needs to be able to find his/her best cryptocurrency exchanges site, best altcoin wallet, or whatever other thing he/she might need in the world of crypto. We want to facilitate for new crypto investors, but also be a platform where experienced crypto investors can assess whether their current trading setup still provides the best offer for their respective individual needs. We highly appreciate any feedback from you. So please, visit the site, give us your experience of the various exchanges/casinos/cards/wallets/merchants by giving them your 1-5 star rating, and tell your friends and family. Please also note that we will add additional features and functionality over the coming weeks, so don’t forget to check in every then and now to see what we’re up to. Onwards! This is a great site! I like the layout and organization of everything. This feels like a very strong version of coinmarketcap that compares more than just multiple cryptocurrencies. One issue I have with it is that you might want to optimize it for mobile. Most of the crypto research I do is while I'm walking around between places, and being able to access all this information through my phone would be ideal. If it's worth it, you might even be able to make phone applications. It might be able to make some decent ad revenue. |
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In April, the news background around bitcoin began to change. If in the first quarter of 2018 news and moods coincided, remaining negative, in April it may change, affecting the prices of cryptocurrency. Traders and owners of cryptocurrency will soon be able to see "good signs" for digital currencies — in particular, the interest of institutional investors. This was stated by the Director of Abra, and it seems he was not unfounded.
Growth of the cryptocurrency market over the weekend
On Friday, they began to talk about the fact that George Soros and his Fund, which manages assets worth $26 billion, are involved in cryptocurrency trade. As reported by Bloomberg, Adam Fisher, who is responsible for global macroeconomic investments in Soros Fund Management, has already received internal approval for operations in the crypto currency, but has not yet started trading.
In fact, the perception of the news is somewhat inflated as Soros Fund Management and George Soros himself made no loud statements. Specific plans for the future were also not announced. However, after Soros spoke critically about the "bitcoin bubble" last year, and now his name stands next to the word "crypto-trading", it did not take direct quotes and accurate plans to change moods.
Also, in the context of cryptocurrencies, another very significant surname appeared. The Rockefeller family and Their venrock venture Fund announced their collaboration with Coinfund crypto-investment group to "support cryptocurrencies and business innovations using blockchain technology".
The change of mood can lead to an increase in prices for cryptocurrencies, but there are no serious enough prerequisites for a long growth and trend reversal. Most likely, the cost of bitcoin will move in a sideways trend until it receives a serious impulse to rise in price or fall below, without finding the right demand at the currently designated support levels ($6,900 and $6,600).
It's likely we'll see some sustained growth. People have been coming out in support of Bitcoin and hinting at them buying into the markets again. Take for example, Dan Bilzerian who has a net worth of easily over 100 million: http://bitcoinist.com/back-crypto-gambler-dan-bilzerian/Not only will this add a whale into the market, but it also brings people closer to the idea of reinvesting into Bitcoin because they see this man putting his money in as well. If the trend continues, there will be growth for the next few weeks, but there may be a few slow downs along the way. |
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https://dailyhodl.com/2018/04/19/binance-announces-fiat-to-crypto-trading-pairs-in-a-move-that-could-shift-reliance-away-from-bitcoin/From daily hodl Binance Announces Fiat-to-Crypto Trading Pairs in a Move That Could Shift Reliance Away from Bitcoin
Cryptocurrency exchange leader Binance says it’s working on fiat-to-crypto features that could have a major impact on the market’s reliance on Bitcoin.
Now that it’s moving to Malta, the company says it’s talking with banks on the small island nation and expects to close a deal that will allow it to accept fiat deposits and withdrawals.
If that happens it will be long waited moment for altcoiners. I don't believe it will have any negative impact on btc price, as there is already a eth fiat pair. What do you think? This will likeley have a pretty negative impact on Bitcoin. However, the news might not be strong enough to knock Bitcoin down. Usually things that force Bitcoin down are huge whales pulling out, people banning Bitcoin, wallet hacks, etc. This will have a negative effect on Bitcoin because it offers more power to the altcoins. Being able to directly buy altcoin would rremove the need to go through another coin to buy whatever you want. Right now, that's what many people are doing with Bitcoin, so if they stop buying Bitcoin, we may see less traffic. |
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https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game. Good Luck Traders, The Elysian Team I can't really say anything about the upcoming prices but this reminds me of how we were stuck at 7-8k for a while. We really didn't get out until this past week, and when we did get out, there was some pretty positive reactions from the general community. If something like that were to happen again, it's likely that Bitcoin would have the momentum to keep going higher. However, there's also the case that a good amount of people pull out their investments because they don't think BTC will go further, so in that case we may be in a limbo again. |
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Bitcoin is not just a life saver but also a life changer. Before, I don't know anything about investment. I'm just a minimum wage earner and my salary is most of the time insufficient to my needs. My family is struggling financially. When Bitcoin was introduced to my life, everything changed. At first, I invested a very little portion of my salary to HYIP and gambling hoping that my life will change instantly as what those sites promised me but I was scammed multiple times. It was devastating so I decided to stop investing on Bitcoin. After a few months, I saw some posts on social media on how Bitcoin changed a person's life so I decided to give it another try but this time, I will make sure to invest in myself first and study more about cryptocurrency. I learned about this forum and from here, I learned more things about Bitcoin specially on trading and investments. Now, I cannot say that I'm completely financially free but I can say that I'm already earning more than enough for me and my family's needs.
Bitcoin gave me another hope about life. There are times when we are feeling wasted and wants to give up but before you give up, ask your self first if you already did your best. There are times that we will definiyely lose and people will ruin our dreams but that is not a reason to stop. Just like on my experience, I got scammed but after a few months, I gabe it another shot. If I gave up, I might still ne struggling financially.
Life will definitely throw you lemons. All we need to do is learn how to make it into lemonade. I'm very thankful to Bitcoin. To all investors out there, just invest on your self first and I assure you, you'll get profit from it!
It's great that it's motivating you to lead a better lifestyle, but you should be a bit careful about how far you go! Don't get too carried away by bitcoin or money when you're talking about how your life is going. There's definitely some things that Bitcoin and money can't buy, and one of those things is happiness. I'm very glad that it was able to help you, but just be careful that you don't put bitcoin or cryptocurrency on too high of a pedestal. There's always the chance that things just flop 180 degrees and that things go downwards. Even though we don't hope for that, there's always a chance that something can happen, so just keep that in mind. |
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