I got an experienced last week and I still feel bad about my lose. On Monday I make around $300 by hedge when I see negative news about bitcoin and I thought that the strategy work only to find out that in a second thing began to change and I lost all the gain I have made when almost all the indicators were showing that price is going downward. I see that over confidence actually makes us lose money and as such setting stop lose will help in cutting ours loses not to run too far.
Haaha, sorry mate, there is actually need to have confidence, because if you don’t have confidence, fear would set in, and when fear sets in, it is not only profit that you will find yourself loosing, but you will also loose the capital to panic sell, confidence is good to build but we just have to make sure that we balance it, as in not to be too over confidence. Sometimes, it is also best that we act based on our own skill and what we have been using, I guess you decided to follow the rule of holding when people are saying bad stuff and sell when people are saying good stuff, it was just someone that came up with that strategy, but that does not mean that it work for everyone, just have to believe in yourself, trade with your free mind and trade based on the level of knowledge that you have acquired. |
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Even though he didn’t completely speak in favor of bitcoin, but at least he didn’t speak against it neither unlike the one trump openly declared hatred for bitcoin, it is a good thing that this statement from FED is coming now too from him, being a well-known figure, it will still be able to at least neutralized whatever trump said a little, at least people will still see that there is positive thing to be achieved through bitcoin even though it was not directly supported.
The population of Americans in cryptocurrency market is quite high and we still cannot afford to lose them all because they might panic sell on what trump said, but now that FED chairman still shed little light, it will still make them hold on a little longer. We still need more adoption of crypto now and not losing it at this critical period.
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blockchain has the ability to eliminate barriers that has made some factors that should affect economy daunted. First thing I know blockchain technology does is to cut cost, it is cheaper to run system using blockchain than the normal traditional method
I don't buy it mate, give me an example of how blockchain technology enables businesses to cut costs? A simple SQL database would cost a lot cheaper than blockchain. Will a simple sql database operate what blockchain is able to operate, would a simple sql database eliminate third party involvement in transactions? Dig deeper into what the characteristics of blockchain technology is, you would realize that it has 100 percent more functions more than an sql database. Blockchain might be expensive at the development stage, but what of in the long run, the fee we pay for blockchain transaction can still not be compared to what we pay in the traditional banks. Moreover, If I am to run a project worth 1.5 million dollars, and because of the involvement of thirds party, it increased it to 2 million dollars, has blockchain that is designed to eliminate third party not assisted in saving me $500,000, even if I have to pay 5 percent fee on it which I even know that blockchain fee can never be up to that. |
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If the halving was going to have any positive effect on the price of Litecoin, you would have known by now, the halving is just three weeks to go and the value of Litecoin has still not made any significant move, which means people are not paying much attention again to Litecoin unlike before.
I am not sure that halving will be the one to salvage Litecoin value, we just have to wait for the normal altcoins bull run, this is the only factor that I know can make Litecoin go back to its All-time high, let’s forget that this halving will bring any surprise to us and just focus our attention on having the altcoins season, if it then brings a surprise, then dine, but we should not just tie our life to the halving. Bitcoin is still dominating the market and this is where most focus and attention are on right now.
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I guess you are basically talking of IEO that are produced by some of these exchanges because if you talk about IEO from the right source which is Binance, all the IEO conducted through Binance has been sacksful and till now, most of them are still having a great value without dumps, and reason being that any product being registered by Binance is thoroughly researched on before they ever accept to register them and throw it to the public.
For us, to have an IEO project that we can confidently rely on to hold for a long-term investment, we have to just ignore some of the IEO that we see from these small exchanges, I don’t see those ones producing IEO, all I see them promote is just another IEO because they do not make research on them.
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The reason for creating those deflationary tokens which at the end of the day become useless is to rip people off their hard earned money. There are series of them with no product or use. Just there for nothing.
The thousands of coins that we have in the market, I really do usually think if they are just there for decoration because I have never really seen anything they are useful for, most of them promised projects they cannot deliver and when we talk of altcoins that are functioning well, they are still the altcoins that are within the first 100 of coin market record, and other are just there with no use case or whatsoever, so who are the people or population they are creating these projects for. I still don’t know why any new projects cannot juts partner with these top projects rather than creating a coin and giving t different names to just convince people into making investment, and also, I do not n=know why investors cannot juts consider these top 100 coins alone for now. |
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For sometime now all the upcoming cryptocurrencies are making a paradigm shift in our old ICO format and trying to do IEOs first. I know it's one of the best remedies for them even on this hard times in cryptocurrency markets. I want to know that is this going to help the upcoming coins or not?
Also is it that they want to just make their monies and run away because now they think the easiest way to make people buy their coins is to do an IEO??
Actually the best way to get investors to invest nowadays is through IEO, because ICO seriously lack the trust of investors, and for IEO, the only platform that should be trusted by Investors is the Binance Platform or Huobi and maybe bittrex and very few other top exchanges that are in the market. Other exchanges like you said are just after the money and there to scam too, that is why they don’t bother doing any due diligent on the products that they register and does not care if a scammer approaches them or not, but now that most of us already know this, we should never pay attention to some of these unknown exchanges that are registering IEO, because the projects being registered will still be products of pump and dump and not good for long term investment. |
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I think it did a little, although it may also be a coincidence because shortly after tweet trump, the market went seriously deep before it started rebounding. We know that bitcoin has been in correction stage for a while now since it broke the $13k barrier and failed to further break that if $14k, since then, we have been having series of corrections in the market for a while now which even made the market go as deep as $9k several times.
Many analyst were beginning to see the possibility of bitcoin going for as low as $8k, so it was not really something not expected after trump tweet, the little irrelevant tweet only shook few people which I believe would be U.S investor, but I think there is a balance again now, and the market is already trying to break further barrier, so we should just ignore trump and forge ahead.
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if you are worried about the fiat value of a payment you receive then you have to discuss it with the sender before the payment is sent. you can come up with an agreement about the price and the cases where it has a sudden change but remember that it can cut both ways for example if you were paid when price was $10k and price went up to $13k then you will have to pay back the excess fiat that you received! $3000 per bitcoin!
depending on the size of the payment, the agreement can be a simple verbal one for small amounts or if it is large it can be a legal contract. it needs to address where you get the price from, the time frame the transaction has to be confirmed and the price change percentage that would require extra actions.
but others are correct, you are receiving bitcoin not fiat so you shouldn't even be concerned about fiat value of it. 1BTC is equal to 1BTC regardless of its price.
Ha ha ha, you are a very funny man, whereon earth is this done, how can he return the extra because he got higher dollar value, it was bitcoin that rewarded him for using its payment system to receive payment,, and he has no business with the payer, if the value had dropped as against the increase op talked about, would the sender had balanced him up if they have certain dollar amount they agreed on? What if he decided to keep the coin in the wallet for 10 years, and within those 10 years, the value grows to give him like $10000 extra, are you saying he will still have to send it back to sender? I don’t think this is a wise idea, no matter the contract signed, the sender did not over pay, he paid him exactly what he needed to pay him, and that is his own luck if it grows higher. |
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days ago the price was in the $13000 and see the current price:
[im g]https://i.imgur.com/TLIXJSt.png[/img]
Is a very high price drop, even if the person has a good strategy will be inevitable to have losses, now imagine if that person only lives of trade? the person begins to think about the losses, the bills that will have to pay, it's too much pressure. You should not leave a job or business in the real world to just live of trade
But any smart trader will still be able to walk through this provided they are not on leverage, and they don’t close their trade, if someone trades at $13,000 and the price drops to this amount, what the trader just needs to do is to be patient and wait till it goes back to the $13k, and while waiting, he takes the opportunity to trade at this $10066, to make money when he climbs back to like $11k. Any trader should know that we are already in uptrend, and the volatility during this period will be high, that is why you don’t trade with all the money at once, you must always share the trading money into different parts in other to use it as correction for some. I traded at $13k too, and still holding on that while I have used the second part to trade severally around the fluctuation between $10k and $11k. |
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That is why it is very important to educate people who still don't really understand the ways of Bitcoin and get their profits working. They only know that Buy then Hold Bitcoin without looking at the risks that are likely to be faced.
But this should not be used as an excuse to avoid it
it is true that the risk of holding bitcoin is very large if we buy at a high rate, most greedy people buy and do not know the risks that will be obtained and eventually they experience losses Bitcoin itself is not risky, but we are the one that has created the risk we see in it now for our self by strictly turning it to investment, everywhere I go, everywhere I turn to, all I see people speak of is investment, if we were using the cryptocurrency properly, I am sure that the whales would not even got the chance to be able to invest largely in it. Imagine that I get paid in cryptocurrency now, and I move it immediately into fiat, would whale be able to manipulate the market if I don’t have any saving in it, but because we only see it as investment, that is why we put so much money and leave it in the market for too long hoping that whatever we kept there will multiply our savings. Many investors needs to be wise and be keeping only money that they can afford to lose otherwise, they will keep enriching the whales. |
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This is just a wrong fallacy and wrong mentality, china does not control bitcoin, no one can, it is possible for an individual to have a larger portion of bitcoin, but not because of that control it entirely. Yes it is true that the greater percentage of miners were from china if they still exist though, but if the government owned it controlled it, why are they having issues with it to the extent of proposing to ban miners from china.
China is a country that is finding it very difficult to support cryptocurrency because they have their own technology and would not want to really on another external technology which is why they are giving their strength to see that crypto does not see the light in their country, so how can this type of government be the one controlling bitcoin.
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The debate is still on-going if large investments from institutional firms, would be good or bad for Bitcoin in the long run. Some are saying it will bring more volatility <price manipulation> and others are just happy that the price will probably go to the Moon.
There are also conspiracy theories doing the rounds that these institutions will use their financial powers to destroy Bitcoin. <Buying large quantities and also dumping large quantities>
Some are even saying that the small fish will be eaten by the big sharks. Let's consider the impact of this and how this will change the Bitcoin scene.
Will Bitcoin go 100% commodity & store of value or will it still be used as a currency?
I don’t really know this for sure, but there are lots of people that keeps saying they wish for institutions to start investing their money in Bitcoin because they believe that institution money is going to help the price of Bitcoin to go higher. But one thing you should also know is that all these people that are saying all these are just saying for their personal purpose. They all just want institutions to invest their money in cryptocurrency because they believe that it is going to make the price of cryptocurrency to increase and they will use that opportunity to make lots of money. With all sincerity, that is why many investors you see now are in the market, to make money, and if we have to wait for adoption, many of us might not be getting the profit we are getting now without some of these institutional investors to put in their money in large sum which increases the price of bitcoin. Do you know what the total market cap of bitcoin is, imagine that the few average investors we have keeps dropping whatever they have little by little, do you think that the market cap would have been upto that, it is when institutional capital enters that market that it encourages some people too to put in their fund in large quantity which will jointly push the value of bitcoin up for people like you and I to make profit. So, if you see people wishing for these institutional capitals, what else would it be other than to make money. |
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Earlier, the fesbuk as a social network was quite excellent resources, but recently I have been very disappointed with the actions of the administration. There are a lot of conditions and rules that change constantly, and at the same time I don’t like that they practically possess a large amount of personal data of users to which third parties have access. The same situation will be with the new project, so I do not expect anything good.
You gave those information they had access too because there is no way that they can forcefully have access to information that was not willingly given, which means that you consented to it, if we did not want them to have access to those information, then we should not have given it. What exactly is the information we have been claiming Facebook have access to? Is it the email that is used to register which anyone can easily guess, is it the picture that you can decide to put even a picture that is not yours, or is it the name that anyone can share with you, or is it birthday that you can lie on? So what exactly is the vital information we have been killing Facebook on, I really do not know? Everyone does kyc, I don’t have issue with Facebook coin on this, except the fact that the technology of the Libra does not fit into crypto that much. |
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LOL if only  Manipulation exists everywhere, be they the stock market or company stocks. There's nothing that can be done to completely eliminate it. The main benefit in bitcoin is that you can just start small. If ever you lose it, it's not much of a problem (in general, you should NEVER risk all your money in just one thing). The likelihood of it totally going to zero is also not large as compared to some stocks which may never recover. If the whales dumped bitcoin hard, there would always be people who would risk buying the low. I mean, people bought it when it was $20. You are so right about that, even if bitcoin dumps so hard back to its original value, it would not still take up to a year for the price to bounce back, bitcoin is not like other altcoins that we see in the market that once they are manipulated and dumped, they end up dying. Bitcoin has too much of use case that no matter the dump, it will only halt for a short time and then pick back, op should not forget that this whales are somehow still a blessing in disguise for some people. without the whales to pump the coin a little bit and cause fomo that would increase it, there is no way those who bought at dip would make money, so whales will always manipulate the market, but we can absolutely learn to play along with them. |
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Even if the price goes back to $10k and stabilizes on it for a while, I think it is still not a bad development comparing where we are coming from, we should remember that we were just on $4k some months back, if I am right, as at March ending, we still did not know the fate of bitcoin in the bear market, some had even speculated that bitcoin will still decline and remain on $3k trend till next when the bull run will start, but who ever saw that bitcoin would have touched $13800 within just 3.5 months, so if bitcoin does correction and goes back to $10k for a while before another bull run, we still cannot say that the bulls has not tried. That has been like $5k profit for someone who bought btc before the beginning of the uptrend that started around the 1st weeks of April.
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There is no role that technical analysis will play, bitcoin performance is just the main analysis to be used for these coins, once you study bitcoin, then you will know the direction these coins will take, most of these top altcoins all rely on bitcoin and that is how they have been ever since bitcoin started its bull run.
I don’t think any of them has been able to perform on their own without relying on bitcoin movement, which is why we could see lots of them showing green the moment bitcoin shows green and lots of them decreasing the moment bitcoin decreasing. For Ethereum to grow back to $300, we need to hope that bitcoin will surge back to its all-time high last month and higher. I think bitcoin will need to grow to like $15k before Ethereum can ever achieve such value.
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I believe that no investor would put money into altcoins to with the intention of losing it, it is the condition in the crypto currency market that is making a lot of them making some drastic decision to sell off some of their altcoins. What you said here is true of some coins, that is coins that you can trust of their development, but there are some coins that you cannot fully place your hope on.
No matter how long you hold those shitcoins, nothing good can ever come out of them, because they keep becoming dead on a daily basis, would you not prefer to still sell the little you can sell of them to use and buy bitcoin, for the miracle bitcoin and some other altcoins can do in multiplying them? Altcoins season is coming so fast and I agree with you, but would not affect all the altcoins that you see in the market. I think some are just dead already.
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Its a fucking cash grab and nothing more. Lubinsky the cunt took the money and made a half assed product that literally noone uses....He talking 300.000 apartments...not 1 of them using berry as payment? The volume is 500€ wtf.
Stay in the Ukraine Lubinsky, I invested thousands in your shit, the next thousands i put on your head you cunt
THAT'S A SHIT SCAM COIN. i can say that those apartments will never accept rentberry. All of the apartments are not yet accepted bitcoin as a payment and how they can call that there will be 300k apartments will adopt the shitscam rentberry as a payment? that's totally crap. The fact they don’t accept bitcoin as payment does not mean they cannot accept other altcoins, if everything has to depend on bitcoin alone, then what is the need for having those altcoins at all, some of them are created for this purpose, to be an alternative to bitcoin, and to provide some certain services where bitcoin cannot. Bitcoin is still the king of all coin though, but people will consider some certain aspect of these coins before they can decide which one to go with, but I think for this particular coins, you are still right about it, it would be the worst coin for anyone to accept when they are even gradually showing signs of exiting the market when they are already trying to keep their distance and this is how many investors would gradually forget them and forget their investment. |
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