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21  Economy / Economics / Re: Ghana invests 1% of its reserves in Bitcoin on: January 04, 2018, 11:39:08 PM
Yeah! I think that there is wrong with the heading as it said that "Ghana invests 1% of its reserves in Bitcoin". Though there is a good news that African countries will now accept the essence of bitcoin and the innovation of technology, it is hard to think that the reserve dollar of the country will put in bitcoin. Without any approval of branch of government.

Good news? You find it good news that poor countries adopt technology that's useless for 99% of their population?
That's insanely bad news! It's making the situation in the countries worse than they already were. It's not improving them at all.

First priority for these countries should be getting their country stable again, not investing in Bitcoin.

Don't get me wrong, I find Bitcoin and cryptocurrencies in general a great addition to our society, but not to Africa. It just doesn't fit in there yet.

This is one catchy title that has no connection to the post itself. As it is misleading on purpose or just a reverse psychological marketing on some point. The first thing I think is the bitcoin price and why it wasn’t bullish if this news is true. Reading It answered that question in my mind, it was just a suggestion and not an actual investments.

Completely unrelated to the post itself? Interesting... The title of the post is exactly the same as the title of this thread. I agree that it's a bit misleading, but it's perfectly related to the post itself.
22  Economy / Economics / Re: 26,000 blockchain projects launched in 2016, 92 percent are now dead on: December 31, 2017, 10:24:22 PM
~snip~
It appears blockchain projects have an extremely high failure rate. Here's a dotcom bust comparison the critics needed but didn't deserve! Of course, the high failure rate doesn't have to imply blockchain is overrated or has few legitimate roles in software. It could simply imply that the number of open source developers and small start up launches greatly exceed demand for the technology, creating a high number of spinoffs which are structured around short term gain and exploiting brand name recognition of bitcoin, rather than creating long term value.

It's obvious that this extremely high failure rate is due to everyone who's capable of launching blockchain projects trying to get their share of the profits.

This causes scams, incomplete and pointless blockchain projects. It shows that cryptocurrencies are in a bubble, especially Bitcoin: People invest in it purely to make profit, not for its usage as an anonymous, decentralized online currency.
Though this is an awesome opportunity for the Crypto-Critics to call it a mass-scale bubble once again and this time with "evidence" too, it's not at all a good comparison to the Dotcom garbage two decades ago.

Sadly, both Bitcoin fans & Bitcoin critics are too ignorant of the facts to deliver a good judgement.

92 percent was scams, as usual.
More. Some scams haven't been revealed yet.
23  Alternate cryptocurrencies / Altcoin Discussion / Re: Anonymity, Security and Privacy: Anonymous Cryptocurrency Enhancement Comparsion on: December 31, 2017, 08:47:38 PM
Interesting how each of them has one or multiple good features, but no coin in the comparison has all the features...
 That makes me wonder whether or not a coin already exists that inhabits all or simply many of these features.

If not, wouldn't that be an awesomne opportunity for people who are able to create cryptos?
24  Economy / Trading Discussion / Re: Best time to day trade? How to create a trading schedule in a 24/7 crypto market on: December 29, 2017, 08:43:21 PM

Does the cryptocurrency market mimic forex trading sessions? (In terms of participant in markets) ie. What are the best times to day trade crypto? Or how do I develop a schedule around a 24 hour market place?

There is no best time of the day. The market moves all day, all night.

The volatility differs throughout the day, though I'm not entirely sure about the exact statistics on that one. The opportunity to make a ton of money, however, is present at all times of the day.

If you're really interested in using differences in trading volume, price volatility and other factors throughout the day, I recommend creating a spreadsheet and noting down differences in everything throughout the day.
Others might have conducted some research to that already though, so it might be worth it to google some information about it too.



25  Economy / Trading Discussion / Re: How do you do it? on: December 29, 2017, 08:28:35 PM
How do you do it?

1.  which tools so you use for analyzing
2.  how do you know when to pull out
3.  which tools so you use for acquisitions


Best regards
A neewb


I don't use tools for analyzing.

I do it on my way.

I use my feelings to decide for me, which is how everyone should do it. Instead of having to read through every single whitepaper to research each project, I trade for entertainment.
Trading isn't there to make profit. it's there as a source of entertainment, which is far more important than making money, in my opinion.
Whilst others continuously lead a boring life, in the hope that they're able to make some money by trading, following simple rules, I use my emotions. Contrary to what many people suggest, you should use your emotions, not put them away.

Emotions are what distinguishes humans from robots. Do you want to be a robot?


26  Economy / Trading Discussion / Re: Top 20 Deep Tech Innovations of 2017 on: December 29, 2017, 08:18:08 PM
2017 has seen an exciting range of groundbreaking discoveries. Everything from self- driving cars, developments in space travel, new ways to treat disease, and robots designed to scale services that many in the past thought unimaginable.

After endless conversations with scientists and industry experts, we have compiled a list of our top 20 favorite innovations. This list honors milestones in both scientific discovery and the commercialization of breakthrough technology that will have a profound impact on our future daily lives. Let’s get to it.

https://blog.propelx.com/top-20-deep-tech-innovations-2017/


Nice and all, but I don't see how this fits in the "Trading Discussion" sub-forum... This is awesome material for "Off-Topic"

I don't know which of those tech innovations is my favorite but they all for sure are too complicated for me to understand. I however love the innovation on robots and think it will make our lives easier but at the same time I have this unworldly fear that they will takeover lol. But I second the notion that 2018 will be bitcoin's year for discovery, it seems people know about it now it is their time to leap in Smiley.
I was in a dream world, with technology we never imagined that new inventions had made this all a reality.
I hope Bitcoin to be the greatest discovery in 2018.

Instead of post-farming, you could also try suggesting to move this thread away... There are many other ways to farm posts.
27  Economy / Trading Discussion / Re: LITECOIN Breaks Bearish From Consolidation on: December 28, 2017, 06:14:40 PM
The break just happened, so wanted to post an update here. The breakout is bearish as predicted. Volume is increasing confirming this break.

Support right now is $236, $233 and $230. 4-hr RSI is almost oversold and 4-hr stochastic RSI is at the bottom. We probably will see a slight bounce here before too long up to resistance from support of the consolidation.

We're still pulling back, so longer positions should be patient for now.

Happy trading!

https://ibb.co/ebZCrb

Great to have some cheaper Litecoins available, ey? Litecoin has amazing features that make it much more valuable than Bitcoin, but its growth was unsustainable. It was obviously gonna drop and we're still on that ride down.
I'm not worried though, as it's pretty certain that it'll go up again. Maybe not very soon, but I doubt it'll take years until it's on the rise again.

For longer positions, this is a great opportunity to buy more LTC :-)

Happy Trading to you too!
28  Alternate cryptocurrencies / Altcoin Discussion / Re: Will these coins have a promise? on: December 27, 2017, 07:42:43 PM
ETH: Great for ICOs and simply an awesome blockchain to build your tokens on.
LTC: Superior to Bitcoin in every way besides its Market Cap, Volume & Acceptance. Has a great potential and will probably obliterate Bitcoin in the future.
ADA: No idea
BNB: No idea
IOTA: Shit. Please get your money out of there if you care about it.
TRX: No idea
WAVES: Has potential, though I'd not put my money on it.
XLM: No idea
XRP: Litecoin's most probable competitor to overtake Bitcoin's dominance. It offers lower fees and faster transactions than Litecoin, but I heard it tends to be more centralized than its most ferocious rivals too. I don't have enough technical knowledge to tell you more about this battle.
NY: No idea

In short:
ETH is there to stay.
LTC is taking over Bitcoin.
XRP is LTC's competitor.
IOTA is shit.
WAVES is capable of potentially having a certain amount of potential...

Additional: BTC will become a collector's item!
29  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to buy alt-coins? on: December 19, 2017, 10:35:00 PM
Hello everyone, i'm trying to buy some altcoins (some of them are not really famous for the moment) but i can't find a marketplace where to invest, i tried to sign up on bittrex, but impossible to do it for the moment (too many people on it), do you have good marketplace ? thanks Smiley

Cryptopia is the one I recommend. I also recommend you not to use:

-Poloniex
-HitBTC
-Shady exchanges

Bittrex might be worth it if you're able to verify your ID, though I've seen some accusations of them freezing accounts for longer periods of time.

Cryptopia is a small exchange though, so it might not have the best prices possible available and it doesn't have all cryptos, though you should be able to invest in the majority of them.
Openledger is another exchange I recommend trying out. It doesn't require ID-verification either and has a reasonable volume for some cryptos. Some cheap buys & high sells are available there too, as it's apparently a relatively unknown exchange.

There's also a lot of information about it on these forums and you might be able to find an ANN thread about the crypto your want to invest in.
EtherDelta is available for tokens you might be interested to invest in.

Have fun!
30  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to see strait forward gains/losses? on: December 18, 2017, 10:00:32 PM
none of the wallets/exchanges i'm on will show a easy to read list of your investments gains/losses that you'd typically see in a brokerage account. am i missing something or can one be created?





Try putting it in a spreadsheet. I do that and it's a great way to keep track of all your trades.

With "Spreadsheet", I obviously mean "Google Spreadsheets", which is user-friendly, available worldwide, free and has a ton of functions that make your life a lot easier.
You can just use a different column for each day and make a new tab for each month, which gives you a good overview. I also recommend backing it up somewhere. (I got multiple google accounts: a spambox account, a regular-use account, a back-up, etc.)

So instead of being served, you must serve yourself: Start making spreadsheets.. They're really useful!


I do agree. You cannot rely on anything anymore. Use other resources and make formulas out of there to figure out how it will manageable rather than seeking for an application that will be working for you. It is still best to do it manually. At this point also the good part is tou can also monitor everyrhing and it will be accurate than one app.

Yup and a lovely advantage I like of Spreadsheets is the fact that you can make the design yourselves. Many applications got awful designs or very distracting ones, making it hard to find the information you're looking for.
Making your own spreadsheets allows you to create a design you like and make it so you can easily find the information you're looking for.

Indeed, trusting on outside applications isn't always a very smart choice anyways, as you'll lose all your data if they shut down, get hacked or if a similar event happens.
31  Alternate cryptocurrencies / Altcoin Discussion / Re: What/who causes these sudden BCC pumps? on: December 18, 2017, 09:56:40 PM
For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

Can you please stop calling Bitcoin Cash "BCC"? It's BCH, not BCC. BCC stands for BitConnect, also known as the scam coin that has lead many people into its ponzi scheme.

Now back to your question: For example today, bitcoin cash went up 20%, is it because of some announcement or is it a group of whales pumping the coin?

AFAIK, there was no announcement or anything that caused the pump. It might be whales, though it doesn't necessarily have to be that.
Cryptocurrencies are volatile by themselves already, they don't need whales to fly up & accelerate downwards again. Volatility finds its origins in their genes.

Whales mainly, most pumps are controlled by whales and you must follow that whale money because they know how to game the current system.

But is there any way to predict/ know when the whales are going to pump? That would obviously help alot  Tongue

Although there are some Whale chat-groups, whales generally don't want people to know about which coin they're about to pump.
Because what happens when you tell the public what coin you're gonna pump? They buy the coin & it rises. That means it'll cost you money.
What happens when you tell the public what coin you're gonna dump? They sell the coin & it drops. That means you'll lose money again.

When you find a whale group, don't invest immediately. They might simply say they're gonna pump a coin to make you buy it, so they can dump it & make more money, at the cost of you losing money.
It's best to test them a bit with "Imaginary" money on a spreadsheet.  Cool
32  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to see strait forward gains/losses? on: December 18, 2017, 09:45:09 PM
none of the wallets/exchanges i'm on will show a easy to read list of your investments gains/losses that you'd typically see in a brokerage account. am i missing something or can one be created?





Try putting it in a spreadsheet. I do that and it's a great way to keep track of all your trades.

With "Spreadsheet", I obviously mean "Google Spreadsheets", which is user-friendly, available worldwide, free and has a ton of functions that make your life a lot easier.
You can just use a different column for each day and make a new tab for each month, which gives you a good overview. I also recommend backing it up somewhere. (I got multiple google accounts: a spambox account, a regular-use account, a back-up, etc.)

So instead of being served, you must serve yourself: Start making spreadsheets.. They're really useful!
33  Alternate cryptocurrencies / Altcoin Discussion / Re: Finding crypto-kitties on: December 18, 2017, 09:38:51 PM
I have heard many talk about crypto-kitties lately (i.e. tokens with a low supply). Are you investing in those tokens, and if you are, what is your approach to do so? Only thing that comes to my mind it to sort coinmarketcap for available supply, and take it from there, but maybe you know a better way?

They aren't regular tokens. Each crypto-kitty has an other value.

If one bitcoin has a value of $1000, another bitcoin is also worth $1000. However, Crypto-kitties do not work like that.
Some crypto-kitties are bought for a couple dollars, whilst other crypto-kitties are valued at multiple Eth.

Therefore, available supply is useless. If they're all the same, that works, but not if they're all different.

To be honest, I don't invest in Crypto-Kitties, purely because I know it was(and is) a bubble, which sadly, is unsustainable and very unpredictable, making it very risky to invest in it.
Unlike Bitcoin & other cryptocurrencies, it doesn't really have a use, other than buying & reselling either.
34  Alternate cryptocurrencies / Altcoin Discussion / Re: Bull run - All coins have gone up on: December 18, 2017, 05:20:49 PM

Last one week all alt coins have gone so high. Do any body expect a correction for coin values to sustain. I missed the opportunity on some of them thinking it was too high and more and more we wait looks like we could not afford.





Some are getting a correction, some aren't. The ones without a use are gonna drop. The ones that are actually useful will probably sustain their price or even grow.

Hyped coins like Bitcoin will probably correct at least a couple percents downwards, whilst coins like Ethereum will probably stay stable at their current price. Litecoin is probably gonna rise more.

Sadly, that's purely a prediction and the cryptocurrency market isn't very predictable. Therefore, I advise you to do your own research before investing significant amounts of money.
Please note that I am not responsible for any losses.
35  Economy / Trading Discussion / Re: Is POS worth to invest? on: December 15, 2017, 09:26:01 PM
I am currently looking to invest in an altcoin, a friend of mine refer me POStoken and upon checking it's currently on dump I bet its a good time to buy but Im quite holding back and thinking would there be chance for POS to pump again?

Note: Im planning for a short term investment 2-5months timeframe.

I'd not buy it. It doesn't look like a good investment at all. If you look at this graph:



Does that look like a dump to you? It doesn't to me. It looks more like a pump, rather than a dump..
POStoken doesn't offer that many awesome features anyways... I'd just stay away from it if I were you, as it's too big of a risk for too little of a likely reward.

Late november, it was low. Now it's high. You're too late.
36  Economy / Trading Discussion / Re: I created a google spreadsheet to keep track of trades/earnings on: December 15, 2017, 09:13:50 PM
Hey guys,

I am a developer and I created a google spreadsheet to keep track of our trades and BTC earnings.

This spreadsheet was made for a group of investors in one pool with one or multiple trader.

If you are interested in using the spreadsheet, text me and I can give you a copy of it to track your own earnings.
Or I can customize it for your requirements. Don't hesitate to ask Wink

Here is our example (this is actually real and used by us):
https://docs.google.com/spreadsheets/d/1MQis_iNtwCCBO8v88f7MSrLxBSDzJu48xfYluDjFMUE/edit?usp=sharing

cheers

Yeah, that's nice and all, but do you have any evidence to back your claims up with? It doesn't look very legitimate, as the earnings only go up at an exponential pace. (Yes, I understand compounding interest, but you're somehow doing it without large losses, which is quite weird)
Besides, the names in your spreadsheet don't look real. They just don't. I get that people call themselves Phil in real life, but you don't want such a boring name on here. (Yes, that's real reasoning)

So some evidence would be nice. Some predictions would already help supporting your claims.


Hi, i dont want to advertise our trading club here Wink I just wanted to „advertise“ the spreadsheet itself to track earnings for people who trade. Just in case someone need such a sheet. Dont know.

But regarding our trading club what evidence do you want to have? We have an active telegram group with real people Wink and the names in the sheet are mostly firstnames with initial of lastname.

If you need more infos you can also add me on telegram @phips28

This is obviously an advertisement.. Besides, you're actually replying to people who are positive about the program, which points to this being an advertisement as well.
I'm sorry, but the numbers just don't look real... They just don't! My question is: Do you have any evidence of the numbers being real and not just made up?
I understand the names, although it's kinda weird and I never see names like that around here.

Individually, each of these things is a "Mhm... Possible". Together? Nope.
Too many warning signs to be true  Smiley

37  Alternate cryptocurrencies / Altcoin Discussion / Re: LiteCoin Burst, Then Retreat on: December 15, 2017, 08:22:03 AM
Is anyone puzzled, like me, about the amount in which Litecoin retreated after it's run this week?  I'm happy for the run, but to have dropped from nearly $400 to about $275 now seems a little more than a correction compared to other coins that go on a run.

I guess I'm also a little biased as I feel real strongly for its speed and economical value.  I just don't see why it's not the 2nd or 3rd coin.

Anyone have any thoughts?
It price on BTC as many users use LTC to transfer their BTC worth.

Now that doesn't make any sense... It price on BTC? Care to explain that?

If you're trying to say what I think you're trying to say, you're trying to say this: "It follows the price trends of BTC, as many users use LTC to transfer the monetary value they have in BTC."
Now that clears it up a bit, but is quite strange... Indeed, many users like to transfer LTC instead of BTC to avoid high transaction fees and having to wait long for the transaction to go through, but I don't get why that would make it rise from $100 to $350 & drop to $270... That's not a logical explanation for this event at all..

Care to elaborate on your reasoning? I don't understand it.

38  Alternate cryptocurrencies / Altcoin Discussion / Re: Pivx next dash? on: December 15, 2017, 08:16:11 AM
Pivx masternodes is stake or work ?

They're PoS, not PoW, so stake, not work.

what i know is that PIVX has a lot of potential and it is seriously underpriced right now. and when you think about it when a coin is still new like PIVX and also has a pretty low price, it doesn't have as much blocks in front of its rise compared to when it is old and already high like being worth 0.04BTC!

not to mention that PIVX doesn't have the premine that DASH has.

If you actually did your research, you would've known that PIVX did have some pre-mining, though they claim this was mainly to start some Master Nodes...

Please try to do some research so you won't have to state wrong information again. It's very annoying.

No, I don't think so.

Can you at least try to answer with a bit more enthusiasm? Try to add some reasons, as you're not just spamming the forum with your posts.

Guys is Pivx gonna be next dash?

What's your opinion, I heard about it a lot.

Yup. It also got a pre-mine, it also got a ton of enthusiasts, it also got people against it and it's about the same, but a bit more advanced...
Looks like it's gonna destroy Dash on its way to the moon...
39  Economy / Trading Discussion / Re: I created a google spreadsheet to keep track of trades/earnings on: December 13, 2017, 07:48:10 AM
Hey guys,

I am a developer and I created a google spreadsheet to keep track of our trades and BTC earnings.

This spreadsheet was made for a group of investors in one pool with one or multiple trader.

If you are interested in using the spreadsheet, text me and I can give you a copy of it to track your own earnings.
Or I can customize it for your requirements. Don't hesitate to ask Wink

Here is our example (this is actually real and used by us):
https://docs.google.com/spreadsheets/d/1MQis_iNtwCCBO8v88f7MSrLxBSDzJu48xfYluDjFMUE/edit?usp=sharing

cheers

Yeah, that's nice and all, but do you have any evidence to back your claims up with? It doesn't look very legitimate, as the earnings only go up at an exponential pace. (Yes, I understand compounding interest, but you're somehow doing it without large losses, which is quite weird)
Besides, the names in your spreadsheet don't look real. They just don't. I get that people call themselves Phil in real life, but you don't want such a boring name on here. (Yes, that's real reasoning)

So some evidence would be nice. Some predictions would already help supporting your claims.
40  Alternate cryptocurrencies / Altcoin Discussion / Re: Premiere: on a red day on the market Waves became 10 USD token on: December 11, 2017, 06:48:58 AM
waves broke today the psychological 10 USD barrier

~Image Snipped~

i knew that its efficiency and lower transaction cost will compete with ethereum grats to all other token holders

A true success indeed. Sadly, 10 USD per wave doesn't really mean anything meaningful.

Take DigixDao (DGD) for example. 1 DGD is worth $100, yet it's actually 10 times smaller than Waves, which has a value of only $10 per wave...
So how does that work?
Easy! We have to look at the marketcap. If a coin has a supply of only 1000 coins, it's obviously much easier to grow its value than for a coin with a supply of 1 trillion.
By reaching $10/token at a circulating supply of 100 million Waves, its marketcap is 1 billion.

By saying it rose to a market cap of 1 billion, you're giving far more useful information.

And that'd actually make it interesting.

but waves has utility

Not denying that. I'm simply stating that saying "Waves is 10 USD OMG OMG OMG" says nothing. It only says something once you know its marketcap.  Its growth is a nice thing to include too.

Didn't mean to start a discussion about its utility, just wanted to let you know that its marketcap is more important than its price.
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