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201  Economy / Economics / Re: What is going to happen when we reach the 21 Million BTC supply limit? on: November 07, 2017, 12:00:42 AM
Hello,
I have several questions?
The maximum supply amount of bitcoins in circulation is 21 Millions.
The amount that are mined so far is more than 16 Millions (more than 79%)
What is going to happen when the 21 Million limit is close to be reached?
Since it going to be more and more difficult to mine bitcoins, does that mean that the price of a transaction is going to be extremely expensive?

Thanks for taking the time to answer :-D
First of all, the maximum number of bitcoins in circulation as of now is estimated at 16.667 million BTCs, not 21 million. Most people have confused with MAX SUPPLY and MAX CIRCULATING SUPPLY. Bitcoins is minable, thus the max supply is not yet all circulating in the market, but the mined coins are.

Once all the bitcoins are already mined, the most probable thing to happen is that transaction fees will become expensive due to high demand in transactions, while miners will take this opportunity to earn from these transactions since they are already done with mining. Furthermore, bitcoin price might also rise up tremendously because there will be a high demand while the supply is not that high anymore. Most people will hold their bitcoins and wait for its price to rise up, and if that happens, there will be a lot of bitcoin holders who will find themselves millionaires in the near future.
202  Bitcoin / Bitcoin Discussion / Re: Is holding bitcoin Greedy? on: November 06, 2017, 10:18:28 AM
Most people now with the rise of bitcoin value, just want to hold bitcoin for as long as they can so that they can maximize their worth. But isn't it a little too greedy to just keep holding bitcoin?
We've all read that story in the school with the moral "Greed is a Curse".
So what if too much greed in bitcoin may backfire? What if, the hodlers end up with nothing?
Greed can be avoided if you have plans for the future. Before investing into something, you should set some goals for the future. You are investing in something because you want to have some money to be used in your future needs, be it in school, family, food, and more. Greed is usually a consequence of being not contented with what you've got. People usually fail because of greed, but you should put in your mind that you are holding bitcoin because of the future. Set your goal, and if you've achieve that goal, you should stop there. Don't aim for more that what you need. Remember, anything that is too much is bad, especially in money matters.
203  Economy / Services / Re: VLB.IO Signature and Avatar Campaign on: November 06, 2017, 06:43:51 AM
Btctalk name: ramsdaj28
Rank: Full Member
Current post count: 408
BTC Address: 3Et7Wku2QbtCgpgGudkWE7RkL2PKnn2knd
Wear appropriate signature: YES
204  Economy / Trading Discussion / Re: Holding BTC vs Day trading or short term trading. on: November 06, 2017, 05:55:05 AM
So I have been in crypto for a while now, February precisely, and regrettably I wish I had never dabbled into day trading or short term trading. I have been burnt a lot trying to play the game of trading. Often times I end up buy too high thereby becoming a bagholder, and when I finally sell, it's at a loss.
So I can't help but wish I had just held on to my BTC. Would have been grinning from ear to ear today.  #Lessonlearned
Actually, day-trading is not a good idea IF you have a small capital invested in cryptocurrency. Small investors usually find themselves having a big LOSS in trading (daytrading) bitcoin because their small investment can't actually take the price adjustment. In average, bitcoin price change by plus or minus 5%, but in these past few weeks, bitcoin price has tremendously rise up by an average of almost 10%-20%. The problem here is that, if these small investors invested $100-$500 in bitcoin these past few weeks (price is $7,400), and the bitcoin price dropped suddenly by 20%, then that would be a less $100 from his investment. Holding is still the ideal thing in cryptocurrency.
205  Alternate cryptocurrencies / Altcoin Discussion / Re: Smaller coins for portfolio. Would you buy these coins? on: November 06, 2017, 04:31:07 AM
I would like to add some smaller coins to my portfolio and would be
very helpful to hear some opinions.
Here they are:

Kyber
Substratum
TenX
PIVX
Chainlink
Komodo
Maidsafe
Siacoin
Golem
Viacoin
Honestly, I am not familiar with any of the coins you've listed. But as I've checked it in coinmarketcap.com, I saw that some of these coins have the potentials. Here are the data I've recorded about these coins. (Data based on coinmarketcap.com, November 2, 2017)

RANKING BASED ON PRICE (the lower the price, the better):
1. Siacoin - $0.0036
2. Substratum - $0.104
3. Golem - $0.186
4. Chainlink - $0.165
5. Maidsafe - $0.32
6. Kyber - $1.00
7. Viacoin - $1.58
8. TenX - $1.58
9. Komodo - $2.54
10. PIVX - $3.16

RANKING BASED ON MARKET CAP (the higher the rank, the better):
1. Komodo - 24th
2. PIVX - 31th
3. TenX - 32th
4. Golem - 33th
5. Maidsafe - 38th
6. Kyber - 44th
7. Siacoin - 52th
8. Chainlink - 79th
9. Viacoin - 101th
10. Substratum - 136th

RANKING BASED ON CIRCULATING SUPPLY (the lower the circulating supply, the better):
1. Viacoin - 22,881,636 
2. PIVX - 54,643,637 
3. Komodo - 100,945,510 
4. TenX - 104,661,310 
5. Kyber - 134,132,697 
6. Substratum - 226,091,449 
7. Chainlink - 350,000,000
8. Maidsafe - 452,552,412 
9. Golem - 833,032,000 
10. Siacoin - 30,643,752,924

Getting the overall ranking based on their ranking in each category, we will have:
1. Komodo (4.33)
2. PIVX (4.67)
3. TenX (5)
4. Golem (5.33)
5-6. Viacoin (5.67)
       Kyber (5.67)
7-9. Maidsafe (6)
       Substratum (6)
       Siacoin (6)
10. Chainlink (6.33)

I conclude that, based on your list, Komodo, PIVX, and TenX are the best altcoins to invest in or at least you should prioritize to invest in. You can also see that it's not the price that greatly affected the final ranking, but it is the market cap. That's why most traders and investors keep on saying that the market cap of an altcoin has something to do with its success in the future.
206  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Bitcoin Cash replace BTC after the Fork? on: November 06, 2017, 03:14:13 AM
Hi guys,

I read an interesting article about the different outcomes of the Segwit2x fork. One of them is the Bitcoin Cash taking the place of the Segwit1x Bitcoin. It would allow whales to make 10x profits pumping the Bitcoin cash and dumping the Bitcoin.

Here is the ink of the article with clear explanations : https://www.yours.org/content/predicting-the-outcome-of-the-november-bitcoin-fork-89914ce0e1f5/?utm_content=bufferf3dec&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Please feel free to comment with your sentiments and thoughts about that!

Have a great day.
LOL Cheesy Did you even ask yourself about it? Do you think bitcoin cash or any other cryptocurrencies will replace bitcoin as the best cryptocurrency of all time? If not, then make a research about that through STATISTICAL DATA, not based on opinionated articles like what you've provided. Everyone can make an article and post it in the internet saying that bitcoin will die soon, or whatever speculations about bitcoin.

But if you make a research, there's really no other altcoins which is too close to bitcoin's features that will give a very close competition to bitcoin. In terms of price and market capitalization, bitcoin is way far from other altcoins. In terms of people's trust, bitcoin owns the most of that, considering that bitcoin has been here for a longer time.

If I am to asked, BITCOIN CASH won't replace BITCOIN at any time, not even after the forking.
207  Economy / Economics / Re: Is time too late on: November 06, 2017, 12:56:45 AM
i just check old posts in Currency exchange and Found how bitcoin was so cheap at 2011

Example

this User ask for 32$ only to sell 2BTC

2.00 BTC for sale - $32 USD (MTGOX PRICE is 16.68)

Only trusted members with reputation!

So are you think time now is too late  or some one in future will say how price was cheap in 2017 like my post


Shear what you think Huh
That question depends on how long are you going to hold the bitcoins that you are going to buy.

Let's say, you're going to buy now 1 BTC at a price of $7,400.00. If your intention is too hold it for just a month or a year, then I think it is not good. But if you are going to buy a bitcoin at that price an hold it for 5 years or so, then I think it is not too late to buy. Bitcoin price has been non-stop rising up in the past few weeks. And I won't be surprised if bitcoin will be going up at $20,000 in years to come.
208  Economy / Trading Discussion / Re: What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin on: November 05, 2017, 08:25:36 AM
No one gets it I think, There are no new projects with every new coin launched, They are just the same whitepapers and ideas with different names, There are more than 1200 coins according to CMC but only 2 innovative concepts. A crypto currency/ bitcoin & smart contracts/ ethereum, What else these two are incapable of doing? If you are looking for someone to blame then you are the sole responsible for your loss.
Holding them is your only option.
Although these new altcoins/tokens have only 2 innovative concepts, the important thing, in my opinion, is how these coins should be used and how people should cooperate so that the project will be successful. There's actually nothing we can do on how these altcoins are made and from what are they designed, but we can do something to help the devs attain the objectives of their projects.

Yes, they have almost the same whitepapers, roadmaps, names, etc. But the thing here is where, when, and how these coins should be use. Anyways, I can't blame the people who sell these coins immediately after they receive their coins because we're actually all about the MONEY here, but don't they realized that selling these coins at their lowest price is not good to both the project itself and the other people who holds it?

If that's the case, there's really no other choice but to hold it and wait for a miracle that the price of that coin will rise up sooner or later. That's still possible, but not probable.
209  Alternate cryptocurrencies / Altcoin Discussion / Re: Am I late to the party? on: November 05, 2017, 06:17:26 AM
I feel so late to the party. Coins now are very expensive, like $5800 for Bitcoin and $345 for Ethereum... then $5 - $30 for other coins. I take a look at the blockchain explorers and see big holders of coins, for example some people have 1000+ bitcoin, a lot of people have 500,000+ ethereum. These people got the coins when they were 1 penny each, now I have to pay $500 for the same coin?

Why are the coins so expensive today? Can I go back in time and get them cheaper?

Even if I put in a lot of my money, I only get a fraction of what people were able to get 1 year ago. 1 year ago people got coins for 1 penny and stashed 100,000 coins for $1000, now I have to pay $1000 just for 1 coin?!? I feel so ripped off!

Also I knew about Bitcoin when it was $30, and I knew about Ethereum when it was $7! I was alive in these time periods and was looking online and reading about these things but it all flew by!

Am I too late to the party? Is it a good time to get buy today or should I find a way to time travel back in time?

My frustration is BIG.
You're too late to bitcoin party, but not too late to altcoins party. There's still a lot of rooms for growth for altcoins out there. You can still buy those altcoins with the value of $5-$30 and enjoy the rise of their values. With the creation of new ICOs/tokens, most altcoins will drop and it's the best time to buy them. Choose those altcoins with low value but high market cap. There's a high chance for the value of an altcoin to rise up when there is enough supply and high market cap. Also, avoid coins with billions of supply. For me, these coins will find a hard time to grow. As what they've said, TOO MUCH is not always good. Smiley
210  Economy / Economics / Re: Bitcoin reduces unemployment on: November 05, 2017, 01:15:16 AM
My opinion on this matter mate that there are two possible effects that will happen. First due to popularity of bitcoin to generate additional income this will leads to many people to stop or quit their regular job and thus increases unemployment of our government and the bad effect is the tax collection from labor will be get low.
I strongly disagree, especially the parts in bold letters. First  and foremost, you should check the definition of UNEMPLOYMENT. We are talking about the employment of the people of a nation, not the works or jobs being offered by the government. As a part of those who are self-employed, I can say that self-employment actually reduces the unemployment rate of a country in two ways: (1) unemployed people have the opportunity to earn from bitcoin and crypto-trading, and (2) people, if there are, who left their regular/permanent job will give way to unemployed people whose skill set doesn't fit with crypto-trading but fit with the job left behind by the employed people to apply for that job.
211  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of DogeCoin on: November 04, 2017, 11:41:41 AM
Yesterday one of my friend sent me some dogecoins, so out of curiosity i started digging information about how this coin work and how it is different from others as it is my first interaction with this Crypto-asset.

I found some interesting information regarding how it's origin is based on a popular internet meme and it's community active participation in various charity works and even in helping their fellow mates who lost their dogecoins in a cyberattack through various crowdfunding efforts, which is indeed appreciable.

If we specifically talk about speed of transactions - i have to say dogecoin is indeed fast. But the thing which caught my attention is there is no limit to its suppy, which means it is present in infinite amount.

Till today more than 100 billion dogecoins are in circulation. With as of today Oct-23-2017 , 1 DOGE =   $0.00101075 .
We have been taught about price-supply-demand things in school , in simple terms a price of an asset will depend on demand in market and its suppy - if supply of an asset is more than demand price falls and if supply is less and demand in market is more then price of an asset increases. So we can relate this to the continous BTC price increase as demand for bitcoin is more and supply is limited which increases it's value.
Comming to the fact that dogecoins have no limit of supply i hardly think it can ever become an investment asset or a stable currency ever. I see some people on twitter who are investing in alt coins see it as an long investment on which i completely disagree.

If we want to see doge coin really succeed , here are my views what the developers should seriously take note of:

1. Limit its Supply:

 More than 100 billion doge coins are in circulation with market cap of approx. USD 13.5 MIL . 100 billion is a big number and it's always increasing so unless community decide to limit it , i donot think it can attain any significant value in longterm.
I think, one of the reasons why dogecoin was once a big hit at some point is that people tend to go with the flow. It was once a trend and people love going along with latest trends. They got hyped with this altcoin, which is actually just a meme coin. Dogecoin is one of these trends, and was a victim of trend makers. If dogecoin is a person, I will compare it to a ONE DAY MILLIONAIRE who became popular in just a short period of time.

Also, you are right that the total number of circulating supply is too big. Going back to the basic concept of economics - The Law of Supply and Demand, a high supply of a product and low demand will lead to decrease/fall to its value. Dogecoin is not a popular nowadays, and it's not a surprise that its price has drastically fell in the course of time.

2. Ok if we limit it - what will we do with existing coins?:

Solution to above problem is quite simple. We just need to publish a new Crypto-token or currency which will derive it's value from previous currency in circulation. For Ex: Let the new currency be called Super Dogecoin denoted by S-DOGE. As per our convenience we can set it's base value like 1 S-DOGE could be equal to 1000 or 10K or say even 100k DOGEs . So not just it will decrease the numbers of coin but will also hold significant value. And this new currency could also be listed to the exchange if needed.
Thank you.

In my opinion, creating a sub-coin or new coin derived from dogecoin will make any change in dogecoin's value. There's already a lot of new tokens out there, and people will prefer to choose those projects with whitepapers than this dogecoin-cloned altcoin. Other than trying to revive the value of dogecoin, there's no other clear reason (at least, for now) to create new coin from dogecoin. Creating a coin from a meme coin is not a good idea.
212  Alternate cryptocurrencies / Altcoin Discussion / Re: Will XTRABYTES (XBY) Be A Top 10 Cryptocurrency By The End Of 2018? on: November 04, 2017, 09:47:25 AM
Will XTRABYTES (XBY) Be A Top 10 Cryptocurrency By The End Of 2018?  Why or why not?

With all the recent developments coming from XTRABYTES, could this all-inclusive platform push XBY into a top 10 spot on CoinMarketCap by the end of 2018?

Anyone who hasn't heard of XBY yet can read their Announcement.

https://bitcointalk.org/index.php?topic=1864397.0


As a crypto-trader, I haven't heard much about XTRABYTES (actually, I don't know this altcoin before). I checked XTRABYTES in coinmarketcap.com, and I found it to be promising. I think that if the devs were able to promote it further and let the crypto-world know everything about it, this will be a successful altcoin.

As of today, its price is at around $0.015. It has a market cap of $6,825,270 , which is ranked 257th. This is pretty low if we think about it, but the thing that caught my attention is its circulating supply and its volume. As of October 30, 2017, it has a circulating supply of 429,500,000 XBY and a total supply of 650,000,000 XBY, which means that there are still around 220.5 million XBY that are untouched. Also, its volume in last 24 hours is $37,796, which means that there were only around 2.36 million XBY or around 0.55% of the total circulating supply that were traded in that course of time. This means that there are a lot of holders who are not yet trading their XBYs.

However, I don't think that it will be a top 10 cryptocurrency in 2018. Top 100 is the most possible and attainable achievement for this cryptocurrency by the end of 2018. But who knows, if the devs are good enough in spreading the words of their project, this coin might climb up the ladder faster.
213  Economy / Economics / Re: Legalizing Bitcoin on: November 03, 2017, 11:57:01 AM
So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.  
It's actually not that hard for government to regulate bitcoin in their country. In fact, if they want to, they will. They just need to propose a bill and have a talk and agreement with the national bank about the regulation and legalization of bitcoin. Bitcoin is actually not illegal, but some people has a wrong impression on it being illegal because of those "deep web" stories. Countries like Philippines, USA, and Australia is already regulating bitcoin in their countries.

The issue here is not actually the bitcoin as cryptocurrency, but it is how and who use it. If ever government put tax in using bitcoin, I think the users or holders won't be the one who will suffer, but those businesses and exchanges that are running the bitcoin business in a certain country. In that way, the taxes from these establishments can be utilized by the government in creating projects that will benefit the country as a whole.
214  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin future on: November 03, 2017, 06:59:10 AM
6 month holding life running with altcoin. I don't get any profit from altcoin. my question is really have any future for altcoin? I just tired with altcoin.please drop your suggestion.
thankss😭
Yes, they have a future. In fact, with the high demands in the trading market, there is a high chance that altcoins will live longer than we think. The only problem with people who invest in altcoins is their decisions on where to put their money. If you invest in altcoins, you need to study their features. Most of the time, the first thing that people usually look at when looking for altcoin to invest in is its value. They don't usually care examining the other informations about that altcoin.

Before investing in altcoin, you should consider all of its features, including its market cap, current supply or availability, and its price chart. Crypto-investment is not as easy as we think. We need to make a thorough study on these altcoins before choosing the altcoins in which we will put our money so that in the end, everything will flawlessly go along with the plan.
215  Economy / Trading Discussion / Re: Fixed income with BTC trading? on: November 03, 2017, 03:24:30 AM
Although I do not live by the source of income in btc but I think there are people living like that. A person who is good at investing and doing it in the short term can live up to the profit they receive. It sounds complicated, but you can understand there are people who rely on btc income and short-term investments to help them do so.
The line in bold letters is actually INACCURATE. Short-term investment is not actually profitable in the world of cryptocurrency, especially in bitcoin. Cryptocurrencies are known for their volatility, and you won't earn a lot if you are going to invest on it in a short period of time. Most people think that short-term investment is a good idea, but it is in fact a risky run. Example, the first recorded price of bitcoin in 2010 is $0.08. A man once bought a lot of bitcoins (that's a form of investment). After some time, he used 10,000 bitcoins to buy 2 pizzas. If he kept that bitcoins for long-term, he could have been a multi-millionaire now. With that, you can see that short term investment is just a waste of time and effort.

Also, there's no such thing as FIXED income in trading. Again, the price of cryptocurrencies are volatile and no one can say the exact value of these coins after some times. Bitcoin is also not a reliable investment, at least for now, because of its high price. If you want to invest in cryptocurrency, there is a lot of altcoins with high potentials that you can choose from. It is also not ideal to invest to bitcoin only (or to one altcoin). Diversifying your investments will give you better chance of earning.
216  Alternate cryptocurrencies / Altcoin Discussion / Re: What scares them the most? on: November 02, 2017, 08:58:05 AM
What are some of the reasons you've heard from people as to why they're afraid of cryptos?
Most people are afraid of risking their money in cryptocurrencies is that they don't actually have enough knowledge about trading. They are most likely the negative thinkers who always think of the worst than the best. As a noob, you'll definitely be afraid of online investments. Add to it the fact that there are myths that give bad impressions towards cryptocurrencies like bitcoin.

Another reason is that these people are thinking that cryptocurrencies are fast money or a quick-money scheme. There's a lot of news about money schemes that turn out to be scams, and people are now hesitating to invest in cryptocurrencies with the fear that they might get scammed, too.
217  Economy / Trading Discussion / Re: What to do when prices are falling on: November 02, 2017, 07:05:58 AM
Hello. I have a folio of BTC, ETH, NEO and some alts. I've been watching at Bitcoin since 2015 but bought only at this summer (and the last move was quite bad, I bought some BTC for $4600). I try to study, watch vids, read forum and twitters. Chris Dunn has a vid on the topic but nothing really specific. I'm interested in some ideas about what to do when prices are falling.  Sell alts and hold bitcoin? Short? (and if yes, so the next question is how to learn how to short?).
There's only one thing to do when the price of a cryptocurrency, be it an altcoin or bitcoin, is falling or is still too low: HOLD. This is actually a case of the law of supply and demand. Let's discuss about it.

There are 3 cases where the law of supply and demand can be applied: (a) if the supply is low and the demand is high, the price is high, (b) if the supply is high and the demand is low, the price is low (decrease), and (c) if the supply and demand are equal, the price is stationary (stable).

In the case of crpytocurrencies, if more people are selling their altcoins but only few buyers will buy, the tendency is that bitcoin price will fall since the high supply of bitcoin available for trade doesn't match with the demand needed. On the other hand, if there is high demand of bitcoin but low supply, the tendency is that the price of bitcoin will rise up so that bitcoin holders will be forced or tempted to sell their bitcoins. That's why before forking, we can observe that bitcoin price usually tend to rise up.

Before getting into crypto-trading, always put into your mind that cryptocurrency is not really different from other tangible products being traded by other people. This is a part of Economics, and you should apply the rules and laws of Economics in crypto-trading.
218  Economy / Trading Discussion / Re: lost and struggle of trading. on: November 02, 2017, 05:23:27 AM
•Is trading hard?
I want it to come from the people who actually trade who experience trading I myself just read from goggle and some websites. Please do share some experiences and lost of money and earnings.
What do you called this? struggles yeah thats its struggle of traders.
Trading is not hard after all. Actually, people who are saying that trading is hard are those who don't have enough knowledge about the art of trading, especially in cryptocurrency.

Crypto-trading is one of the latest trends today. It even caught the attentions of many personalities and big names in the business and trading industry. This is why it's not surprising that there's an increasing number of people who want to learn about it. Although there's  a lot of websites and articles about crypto-trading on the internet, it is still better to seek advice from actual traders who have experience in trading.

I, as a small trader, don't stay in just one cryptocurrency. This is to avoid a big lost if ever that cryptocurrency has a falling price. In the case of bitcoin, it is not ideal to buy or invest on it for now since its price is too high. The following are my suggestions which are based on my experience as a small trader, and I don't GUARANTEE you to have a big profit if you follow these, but I ASSURE you that you'll be safer with these things.

FIRST, you should do as a beginner in trading is to divide your capital/money investment into parts (preferably equal parts). The number of parts depends on the number of cryptocurrencies that you choose in investing your money.

NEXT, choose the best and trustworthy trading/exchange sites. You can check the best exchange sites by searching BEST CRYPTO-EXCHANGE SITES on google.

LAST,  choose the cryptocurrencies that you think you'll profit. I advise you to choose the cryptocurrencies that are good for a LONG-TERM INVESTMENT. These are the altcoins with low price but high market cap. Check also the history/price chart of the altcoins. Some of my personal choices are Ripples, NEM, Waves and Litecoin.

After investing on these cryptocurrencies, always check their prices regularly to avoid loss from a sudden price drop. Remember that cryptocurrencies are very volatile that its value can rise up or fall down in just a blink of an eye.
219  Alternate cryptocurrencies / Altcoin Discussion / Re: what makes you trust a new altcoin? on: November 01, 2017, 09:54:08 AM
i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
I think, you're referring to ICOs instead of ALTCOIN (since ALTCOIN is a general term and not all actually have available company pages). Well, when you are looking for a good ICO, the first thing you should look at is their WHITEPAPER which gives detail about the objectives of the company, the problem they are looking for, and the solution on how to solve this problem.

A lot of new ICOs are appearing almost everyday, and most people are only looking after the coins/tokens being offered by these ICOs without knowing and understanding their missions, visions, and objectives. We can't blame people because we are all here to EARN and MAKE PROFIT, but I think it's a fair thing to say that you can't also blame the ICO/companies if their tokens fail to build its value in the market because people.
220  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins is pumping, should i buy some or wait? on: November 01, 2017, 09:11:59 AM
Firstly i am so sorry for my awful English writing  skill.
I am a newbie to crypto world, i haven't owned any bitcoins yet. Today i decide to buy some altcoins to hold for long term, i have 10.000$. I am curious about this time, because the price of altcoins is going up too fast, bitcoin's price is high, too. So anyone can give me some advices?, please help me! I intend to buy oax, time, link, eos, ark, lisk, waves, neo, xtrabytes,omg.

When I checked the altcoin market today, most of them are in a free fall. Meaning, the price of most of these altcoins is dropping by 1%-4%. This implies that it is safe to buy some of these altcoins now IF and ONLY IF you are going to take a long-term investment.  For example, waves has an estimated 8.5% price drop today to $3.16. If you want to buy this now, you should not do the day trading because altcoins are just like stocks and other assets that need longer time for its price to grow.

Keep in mind that in crypto-trading, the best way to earn is to take a long-term investment. Remember that there's no such thing as QUICK, INSTANT, or FAST MONEY. For me, you should buy now since the prices are pretty low now.
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