IMO hodling is bad idea nowadays looking the market as a whole cautiously . But it might be a quick analisys in tune with recent events.
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I would consider hodling is a good idea at the moment analysing the development as a whole with the charts . Nedless to say it may be a superficial view based on the advancement .
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I am not sure that cashing would be wrong today by the look of the market of bitcoin and the alternatives . Not taking into account that is purely a simple opinion with sights on the market. .
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Hi, I found some references to "forum time" lately, can someone point me to an explanation of what is the forum time?
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I am not aware of Dow Jones but I heard it from my colleagues. But as what I've noticed in the topic I consider Dow as one of the factor that affects in the market prices. It also affects the volatility of bitcoin in the past few years.
At this moment, the cryto market is absolutely unlinked to the dow, nikkey, footsie nor any other. In fact, it is not linked to any real economic valuation, and that is not good.
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There are great signs that BTC will experience a large boost very shortly.
If you have been watching the recent financial markets you are certainly aware of the large downtrend in the Dow Jones. Just a comparison: one percentage point drop in the dow jones corresponds to a loss of about 70bn in market capitalization. And over the last few days, the Dow is down by 10%.
And in the meantime, BTC has been ... going up.
Until now, serious investors were happy riding the upward trend in the normal financial markets. With the recent downturn, investors will be looking for alternative assets to invest in. BTC in particular and crypto-markets in particular will be noticed as uncorrelated to the normal financial markets and thus as an interesting asset class for diversification purposes.
Particularly if the Dow contains dropping while BTC remaining flat or increasing, more and more traditional investors will move their money into the crypto markets. When this happens the new money will significantly push up the price of BTC.
Great times ahead!
I have seen the fractals from other previous falls. I think it would be much better to have a reasonable growth supported by real nes instead of these rollercoaster.
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Hacking and scam is part of the world, and also exists with fiat money as well. There's nothing to do except be careful of our money and follow simple rules of security we would follow with our money : don't trust anyone, let your coins on a wallet you own the private key, don't let more than necessary on exchanges...
There's no institution that could secure bitcoin more, Bitcoin is decentralised and its security is built inside his mechanism.
Letīs be honest, if you donīt trust anyone it would be impossible to trade, buy or sell bitcoin nor any other crypto. We should just try to control the risks we have.
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I have read many posts of people saying they are sorry to have missed Bitcoin. But I wonder if they realise that there have been more than 20 trains out there that could have made them millionaires. They have managed to miss at least all these, some of them as recent as July last year. It is not that you missed Bitcoin, is that you (and I) just missed many many others NXT 2013-09-28 +1084215% IOTA 2015-11-25 +418179% Neo 2015-10-01 +354482% Ethereum 2014-07-22 +265772% And the recent ones... Populous 2017-06-24 +12181% QTUM 2017-03-12 +10091% Be honest to yourself... you did have a chance!
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Even with a very high expectation for growth, it is always risky to buy a coin when it is on an unknown territory of prices. Whoever did it, I hope they did not panic sold later as that would complete the mess.
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Oh, I have done quite a few poops on crypto, including buying in Etherdelta for x5 the price and clicking a buy instead of a sell order on an exchange. It all has costed me around 200 USD.. not a lot.
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It would seem that NEO is performing better than average, given that most of the coins are diving into the Marianas Abyss, so this is a change to elaborate some theories on why. Go!
NEO is supported by an excellent technological group CoZ (City of Zion) and at least two very promising ICOs are upcoming now: Effect.ai, related to artificial intelligence and these that I have to explore further. http://icowhitelists.com/neo-icos/The NEO "space" is far less explored than the Ethereum one and some of the Rockets for 2018 seem to be choosing it. I think this makes the coin resistant to a really bad fall. This has been a true fact, because already similar growth has been achieved by ethereum with more successful ico's. Now NEO takes the lead to grow with more potential ico getting developed on the similar platform which is expected to have large scale real time usage which is required to mark the success. It is no secret that I hodl NEO and it has given me some hard times, but I think this is all going to pay off in a couple of years due to these project. I am hoping for a x3 x4 easily on this one.
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Any country that tries to stop innovation will have a much harder time ahead that those who embrace change and are able to create an ecosystem for their economy to grow.
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It would seem that NEO is performing better than average, given that most of the coins are diving into the Marianas Abyss, so this is a change to elaborate some theories on why. Go!
NEO is supported by an excellent technological group CoZ (City of Zion) and at least two very promising ICOs are upcoming now: Effect.ai, related to artificial intelligence and these that I have to explore further. http://icowhitelists.com/neo-icos/The NEO "space" is far less explored than the Ethereum one and some of the Rockets for 2018 seem to be choosing it. I think this makes the coin resistant to a really bad fall.
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Among the variety of coins, I would make at least these groups:
- One is sh*tcoins (no innovation, should not even be there)
- Privacy aimed coins - Monero, ZCash, Electroneum, Onion, Verge,...
- Non really anonymous - Bitcoin,...
- Non-anonymous token and code coins - Ethereum, Neo, Xem, ...
- Not really cryptos - Ripple
What do you think will do the governments as far as regulations or even bans with each of the groups? How may the value be affected?
I am not sure to what the government would do for each and every one of them but what I am sure of is that they will try to regulate them all, not just ripple. For shitcoins though, I think they will decide sooner or later to ban it's usage since it has no real world use after all. If government started regulating most of the cryptoworld, I am sure that the volatility will be affected. But who would decide what is a shitcoin? that is, it is something very subjective and even some very powerful coins are not much at the beginning.
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Promotion these days hits the only point of using social media. Fb, Twitter, Instagram, Pinterest, snap chat etc are social media platforms where one can put up ads and posts to promote Bitcoin.
promotions using official accounts are suggested on social media platforms if do not want to be considered spam It is a thin line, and now the surveillance is going to be incresased. I think that facebook feels so threatened by cryptos and the loss of the ability to play with personal data that will try to kill them.
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Garbage is everywhere. Garbage can help the economic growth through recycling the garbages that can be recycled. What if there is one place for all garbages in the whole earth to promote the one place of garbage for one big economic factor.?
I absolutely agree. We should create a new currency called GarbageCoin. Instead of covering it with gold, we should cover it with garbage. The price of garbage will skyrocket. Suddenly, people will stop polluting our planet and stop taking out the trash and hoard it at home instead. Imagine the smell! Sounds like a bright future. Now you are joking (I appreciate your sense of humor), but let us imagine that somebody can really make the project connected with garbage? If garbage is recycled, many useful things can be created. Thus, paying almost nothing (just production), you get the cool profit. The GarbageCoin can support this project, why not? I see no problem with that, but I would not be in. I believe in projects that can clearly benefit or enable the development of new technologies in clear use cases of the blockchain.
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I am sure governments are not making such groups of anonymous and non-anonymous cryptos. As long the cryptos are decentralized, all are same to any government. So if a government wants to ban crypto currency, they will ban it all and not as per the group made by you. Governments will usually want to control their own economy and since cryptos are decentralized, they can't control them. So they will ban all crypto if they want to regardless of anonymity.
Also the price will have a hit if a big country like India, US, China, South Korea bans cryptos completely. The majority of the crypto users are from these countries and if these governments ban it, we will see a drastic drop in the market cap as well as in the price. So it is going to affect big time.
Letīs say that a regulation requires communication of large capital movements in crypto. How would you be able to enforce that on privacy oriented coins? I think that would need to be addressed.
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You know everything is reported to the government if the amount is big enough, it's very hard for a person to keep his identity hidden because every bank transaction is taken care of , and linked to your account.
There are people with black money who keeps it hidden and this is important to discover that the money is not black and someone isn't running from taxes.
Large amounts are reported by the banks, yes. It's the law. But do you think exchanges report say somebody sending $4,000 worth of a coin to their wallet, one time??? Moving cryptos at the moment is ok, you could as well be moving diamonds or jewels. All the controls are focused on the fiat and come into effect when you convert.
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I am very much in favour of a regulatory framework for ICOs particularly, as I am tired of people getting away with scams. I would not like a fraework that hinders development though.
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Ideally, we all should try to make scams not worthy, by asking for a regulation that allows growth but also encourages development of the crypto sector. This does not have to be the wild west.
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