What are the added values and the differences between xCrypt and a traditional Exchange ?
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Japan has officially recognized bitcoin and digital currencies as legal money with effect from April 1, 2017, which will help the integration of digital currency into the legacy banking system through regulation. Thus, as per my views Japan will be the first country to go for Bitcoin as National Currency or may issue own national currency by reserving gold and BItcoin.
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I think it is biggest blunder of any one who invest in any thing by taking loan or borrowing money from others. It is a crime with your own self so please eliminate this approach specially in crypto world which is more volatile then other investment opportunities.
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The negative aspect of this “crypto trader greed” isn’t so much the greed itself, but rather what it can cause traders to do. Actions that can cause catastrophic impact to their portfolios, their goals, and overall lifestyle.
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All in all, bitcoin is more secure than most existing financial services, including legacy banking platforms like SWIFT, which has been compromised repeatedly by hackers.
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many excellent dot-com companies survived, most houses regained their value and tulips still have meaning and carry value in our lives today. But what will happen when the Bitcoin bubble bursts? What utility or residual value will bitcoin have to consumers and businesses? Most likely none. And this is the real problem with Bitcoin and cryptocurrencies.
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No longer do people need to trust their banks to process their payments. All the trust can be placed in the Proof-of-Work algorithm.education of crypto will bring power and freedom to the people. Need to send money to a friend across the world? It can be done in seconds using cryptocurrency, and it’s pretty much free.
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Bitcoin’s recent and dramatic depreciation against the dollar has called into question the cryptocurrency’s commonly touted purpose as a ‘store of value’ or ‘digital gold,
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I can’t base my analysis on anything other than technicals and right now the charts are looking very bearish. Therefore, as things stand, I have no reason to expect bitcoin to go to those crazy levels again
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5. Wait for entry and pre-set orders: Bitmex swings HARD. If Bitfinex has a $100 candle, Bitmex may have a $200 candle, solely because of overloaded blocking people from new orders meaning only orders on the books before the big candle are counted. Never, ever, ever, try to catch a candle. By the time your order goes through, it’s too late and you’ll likely be stuck with a terrible entry as it’s about to retrace. Additionally, use this to your advantage. If you expect a $100 pump, put your take profit close at $170 above, or a take profit earlier and then open a short at $170 above with expectations for a retrace. Even outside these large pumps, jumping into a wave is almost always a bad idea. If you miss an entry, just be patient. Missed profit is better than losing money.
100% agreed with you, but we have to improve system to manage such issues.
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Two options are available for you to lock in gains generated from trading the markets. They include:
Transferring the funds to a traditional bank account, or Move the funds to another digital currency such as from Ethereum to Bitcoin
But i suggest you this, Not many people know this, but Tether USD, a cryptocurrency, is pegged to the USD. The asset may not offer a lot of trading opportunities as a digital coin, for now at least, but it can help you lock in your gains while keeping things flexible enough for you to enter the market at any time.
Tether price stability makes it the go-to option for those who wish to lock in gains while waiting for the next trading opportunity to pounce on. Individuals who intend to trade digital currencies actively will do well to find exchange platforms where they can trade the Tether USD (USDT) with any other cryptocurrency they like. One of such platforms is Poloniex.com. Poloniex allows you to USDT against several other cryptocurrencies including Bitcoin, Bitcoin Cash, Litecoin, Zcash, DASH, Ethereum, etc.
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The US dollar is a fiat currency which is not backed by anything, it is fake money, it is not real, literally just numbers on a computer screen, and it is merely a belief system. A flawed fucked up debt slavery based economic system designed to keep you and the rest of the world in debt and in poverty. It is a top-down economy controlled by the Federal Reserve which is controlled by a bunch of old out of touch sociopathic billionaires and trillionaires and has absolutely nothing to do with reality. The Federal Reserve and Wall Street aren’t even controlled by the US Government. Arguably, it is actually the Central Bank and Federal Reserve that control the US Government and every other country with a central bank.
The bankers are in control, and we do not have any representation in this country powerful enough to fight them, not even the President.
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They consist of CERTAIN Traders, Agencies, Big Financial institutions & Media (I can list many more but let’s keep it limited). They all work in a perfect synchronization to pull coordinated attacks to attain the goal of price-suppression. See what happened on Jan-30–2018 and Mar-07–2018? (many bad news hitting the market within hours of each other as Bitcoin was sitting on a critical support at 10K). Once 10K was broken the Cartel took over and started shoring Bitcoin like HELL.
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Global financial crises generally happen because
The Banks have too many toxic assets, making them stop giving out loans (the one in 2008) Stocks are overvalued and now, people want to cash-out by triggering a massive-sell. (great depression of 1930s) Hyper-inflation, typically happens when the government bails out on its debts. (Happened to some countries during 2008 recession) In the first case, people who have assets stored in banks, lose out. People with large savings accounts won’t be able to withdraw because the big banks don’t have cash reserves.
In the second case, people who have assets in the form of stocks lose out because now, the stocks they own are worthless.
In the third case, there is far too much money in circulation. So, everything becomes expensive. If you have money stowed in a bank, in the form of stocks or under your mattress, they are all worthless!
People buy tangible assets such as Gold, Houses, Land or expensive paintings to store value. Bitcoin is one such store of value. Tangible assets like these make an excellent fall-back option in case there is an economic crisis.
Since Bitcoin is
Fungible (Every Bitcoin is alike) Transferrable Divisible Finite Bitcoin makes a perfect store of value. So anyone who owns Bitcoin at this point will be super-rich. Its value will shoot up during a financial crisis.
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If the U.S.A. goes to war with North Korea — and thus brings in China, Russia, and even NATO — the bubble will pop.
If banks pull another “Too-big-to-fail” maneuver and the government must bail them out — which will lead to another global recession — the bubble will pop.
If Yellowstone erupts and blankets half the U.S. in ash, or if a truly worldwide cataclysm occurs to sink our economies — the bubble will pop
But I’m not.
There is another bubble growing right now — a bubble ready to pop. It’s a global one, affecting people from developed and underdeveloped countries around the world. When it pops — Bitcoin will change forever.
I’m talking about the: “Bitcoin is a bubble” idea.
It may sound silly but bear with me. All around the world we hear reports from big banks, financial guru’s, government figures, and more so-called financial experts. They keep saying Bitcoin is in a bubble. They say this with so much conviction, and on so many news networks, that people believe them.
The higher Bitcoin’s price rises — the more they believe it’s a bubble. But the price of bitcoin — keeps rising.
These ‘financial guru’s’ are left clueless. Why does the price keep rising? Why doesn’t it just pop already?
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I have been a close observer of the blockchain and cryptocurrency markets for some time now. It is now pretty clear to me (and a lot of other people!) that this technology has a lot of potential. I am quite optimistic that it can radically change the way we interact, transact and trust one another. Many people are skeptical about cryptocurrencies (it is a ponzi scheme!), but there is little doubt about the usefulness of the applications that cryptos enable.
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that bitcoin can be easier to obtain than other fiat currencies. It can be bought and sold via bitcoin exchanges online.
Evidence suggests that people are increasingly looking to bitcoin as a viable alternative to their own beleaguered currencies during times of crisis. As the Greek crisis unfolded, bitcoin exchanges reported a healthy bump in volume as people traded the cryptocurrency around the world. The lion's share of the increase came from customers in Greece.
The price of bitcoin also rose significantly as the Greece crisis deepened, lending further credence to the idea of bitcoin as a "panic" currency.
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Bitcoin will likely be the global monetary unit on account of its first-mover advantages and network effects, and altcoins will satisfy crowds looking for illiquid expression. They satisfy two different desires on the part of people who hold money, and there is no need for excluding one or the other.
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Cryptocurrencies are built on a technology called blockchain, which restructures and revolutionises trust as we know it today. Cryptocurrencies will do to money what the email did to the letter.
We rely on our transactions to be verified by our banks, how this works is through a centralised ledger .
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At a purely theoretical level, the cryptocurrencies are based on a system which is robust even when at most less than half its actors are malicious. This would in theory be interesting because it allows anonymous transactions and absence of central authority. However, this depends on actually having completely anonymous entry and exit points to the network. This was relatively easy in the beginning but is more and more likely to be regulated at some point. So, to be clear, just because the bitcoin network can function without knowing anything about its members doesn’t mean the members have to remain anonymous. The bitcoin network would work very well even if all wallets and transactions could be traced back to individuals. Which is what will happen at some point if the value of transactions becomes significant and regulation is enacted by law.
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