Bitcoin Forum
May 28, 2024, 04:14:11 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 225 »
2121  Economy / Speculation / Re: What do you think about Bitcoin? on: January 14, 2022, 06:43:06 PM
Well as long as the adoption of crypto, in general, is seen in a positive light, pretty sure a bullish scenario isn't that far out of the story. Though tbf, no one can really know. Most of us here would be bullish since well, most of us have invested in Bitcoin and some believe completely in Bitcoin, but in the end that's just OUR belief, not what the future would be. Currently though it isn't looking that good, there's a bearish feel right now in the market and it doesn't seem to be letting up so far.
I do believe that people are not overreacting when they see it as a bullish scenario. I mean it is obvious that we are talking about something that is beneficial for everyone, bullish would help everyone but the short futures people. This is why there is a lot more community behind it, a lot more people trying it, even short futures people could go long to get their money back, so it is a lot easier to get that done.

I believe it may take a while but it is definitely not out of reach as of right now, which means it is going to happen in the short term. I am hoping for something that is 3 to 6 months at the most, maybe a lot earlier than that, maybe in a week, who knows?
2122  Economy / Speculation / Re: Bitcoin Price Forecast by Goldman Sachs on: January 14, 2022, 02:22:34 PM
Goldman estimates that the public holds about $2.6 trillion in gold as an investment."
Bitcoin was trading above $1 trillion marketcap when it was trading above $64k price levels but now bitcoin's marketcap is around 800 billion. I guess Goldman sachs expect public to sell off their gold savings for the reason of investing into bitcoins only then bitcoin's marketcap will beat gold's "public part" marketcap. But, I am seeing only 10% to 20% of such switch over may take place as most people still prefer gold over bitcoin due to lesser volatility.

Another reason for public to continue their gold saving is, they may want to ensure about diversification even they adapt bitcoin in their portfolio.

Goldman Sachs predicts that Bitcoin could reach $100k in 2022 if it continues to overtake gold’s market share.
Regardless of overtaking gold's market share, I believe bitcoin will get into $100k levels this year when more of such institutions will be releasing the positive speculations on bitcoin's future Wink.
2123  Economy / Economics / Re: Peter McCormack: 'Bitcoin has WON the war on money'. Do you agree? on: January 14, 2022, 10:36:49 AM
In a recent interview on the Futurati Podcast (https://youtu.be/TLHPzPbu5JU?t=848) Bitcoin heavyweight Peter McCormack claimed that Bitcoin would beat out fiat, gold, and other cryptocurrencies to become the money of the future.
Even I agree with him, I just want these words from someone who is as influential as Elon Musk or from any government which is working on adopting bitcoin as their one of legal tender. I mean people who are already into bitcoin may say anything on bitcoin to justify their decision on adopting bitcoin investments which might be having lesser impact on crypto world in terms of bringing new investors (still I agree it will get good vibes among all bitcoiners to invest more or to plan up for more longer duration).

Basically I am not having any different opinion on bitcoin from him; I am also confident about bitcoin to become as a preferred investment to gold and will become a federal reserve for governments hence it will be the money and investment of the future for sure.
2124  Economy / Economics / Re: If crypto trades are done off-chain, they are not real. The Economics of CEX's. on: January 14, 2022, 05:31:38 AM
If trades are done off-chain via a centralized database (i.e. Coinbase and Binance) then they are not real trades.  They are nothing more than accounting entries of an asset.  This is not true price discovery. 
Before these, I remember there were enough attempts (for example Xapo wallets) to have off-chain transactions for quicker bitcoin transactions by eliminating the need of waiting for bitcoin network confirmations. I agree this way they may start issuing their own bitcoins which may turn out to be whatever. But, I guess these types of manipulations are already happening in trading as well and not just in transactions alone.

Centralized services are always a threat to its customers because we cannot be sure when or what may go turn up side down over night. When it comes about bitcoin transaction itself, I guess the possibility of degree of fraud would be too high hence we need to be more careful when availing such services.
2125  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will cryptos go into Bull season? on: January 14, 2022, 04:36:35 AM
Cryptos have been counting the ups and downs in a balanced way lately. A coin that increased by 15% today, 2 days later we see that it has decreased by 25%. To what do you attribute this fluctuation?
The market sentiment. When more than 50% of people do start thinking about upcoming bearish market then we will have lesser bullish growth compared to bearish movement. Like you have mentioned 25% decrease is happening with few altcoins which is more common one among altcoins during bearish market. Bitcoin needs to turn back to bullish for making these altcoins to have better bullish growth than bearish movements.

I have seen bitcoin was trading positive for last 2 to 3 days but suddenly today into downfall. Not sure how altcoins are going to react but we can expect in the same way for next few more days. So, just watching and following bitcoin might get you an idea about when bull season arrives for cryptos.
2126  Alternate cryptocurrencies / Speculation (Altcoins) / Re: How are your shitcoins? on: January 13, 2022, 09:50:25 PM
Of the almost 30 shitcoins that have been in the ERC-20 and BSC wallets since 4 years ago, now there are 4 that have risen, and it didn't take long for me to immediately sell them on the market for fear of dying again.
Seriously that’s the best thing to do with shitcoins, whenever you see the opportunity to drop them, you should do that as quickly as you can, because if you waste time, you might  end up missing that opportunity and for you to get that kind of opportunity again might be another four years or even more than that.

So, whenever I get that opportunity, I just drop them immediately. There are even some of them in my wallet that has remained low and not making good moves at all. And the way I am seeing, they are hopeless, it might get to a point where I might have to just sell them at the low price.
2127  Economy / Trading Discussion / Re: When Greed Comes First in Trading, the Result is Bankruptcy on: January 13, 2022, 09:23:21 PM
I think it nice to see greed as a negative weapon in crypto trading because it's good to be greedy at some point but having an excess of it is what causes a negative result and the best way to start something is to know the basic aspect of it, know what best for you before doing it. This will also help prevent the excess of greed.
This is what happened to the OP, she understands the basics of trading and the best form of trading that will be good for her.
When traders are unable to identify what is the level of greedy to be termed as good or bad under market pressure I guess it would be always better to avoid being greedy while trading. In my opinion that greed is always a negative factor even it helps you to maximize your profits some days on few trades (I mean you cannot expect greed to be helping you out in your favor).

If you still prefer to have remain greedy in your trades for some extend like maximizing your profit to keep running then you should go for trailing stop-loss for that and this way, you may not lose your unrealized profits out of being greedy.
2128  Economy / Trading Discussion / Re: Crypto Trading Bots on: January 13, 2022, 08:40:26 PM
One of the flaws of trading bots is that they are only as good as your code, meaning that even if you have great instincts about the market and how to trade it if you cannot put this knowledge into the bot with your code then your bot will always be a lesser version of yourself, also we need to remember that many times when you code you make mistakes and bugs could be in the code, now most of the time this is not really a problem but it becomes a huge one when we are talking about a piece of software using your savings to trade the markets.
Yes, trading bots are simply programming codes and even it is not having any bugs, we cannot expect it to remain versatile to handle all kind of market fluctuations and keep getting you profits. So, technically trading bots are having very limited probability to get us profits still the losses could be unlimited (if there is a guarantee about limited profits but zero losses then we can still go for bots Wink).

It has been stated by many traders who had long experiences with trading bots that manual trading is multifold better than bots on all kind of market situations.
2129  Bitcoin / Bitcoin Discussion / Re: Some people I can use as a reference to add enthusiasm to being in bitcoin. on: January 13, 2022, 08:15:11 PM
Some people can make a wrong impression that you can invest a few thousand dollars into BTC, wait a few years and become a millionaire while doing nothing. Bitcoin is not guaranteed to repeat its past performance, in fact it's very likely that its growth rate will only be slowing down, as Bitcoin is losing its novelty factor. Bitcoin is not a guaranteed profit-generating machine, it's just a "very good chance of getting profit".

So, invest in Bitcoin, but also think about other ways of getting income, especially stable and long-term.
We are looking for fast results, and when we see that we’re not going to get what we need immediately, we leave it and jump onto the next thing. But, most of us are forgetting that most things that you are going to do, that none of them would really get you huge money immediately, everything you do requires patience.

The time you will take jumping from one place to another just because you are looking for where to get fast money, you would have used that time to focus on just one thing and quietly build your income to the level that you would want it. If most people can learn to have patience and just focus on one thing and build it, then their life will change for the better.
2130  Economy / Economics / Re: US inflation jumped 7% in December as prices rise at rates unseen in decades on: January 13, 2022, 04:30:33 PM
Quote
US inflation jumped 7% in December as prices rise at rates unseen in decades

The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%.

The news represents a blow to the Biden administration and the Federal Reserve, which until recently have characterized soaring prices as a “transitory” phenomenon brought about by supply chain issues triggered by the pandemic.

On Wednesday, the labor department said the consumer price index (CPI) – which measures what consumers pay for a wide range of goods – rose 0.5% last month compared with November and 7% compared with December 2020.

I don’t even care about news like this. This is not the first time that they are always talking about the economy falling and inflation rising and all that, it's even becoming very annoying at this point. You would see economists and even government workers talking about inflation rising and all that, then you will be asking yourself why these people never do what they are meant to do or play their roles in making sure that there isn’t this inflation that is being talked about, and also ensure that things are going pretty well as they should.? All they do is talk about it and it still happens, they never bring any solution at all. I’m better off making sure that my money is being held tight in crypto.
2131  Economy / Speculation / Re: The Deep before the Raise on: January 13, 2022, 11:53:25 AM
The recent attempts and the subsequent failure to push bitcoin price below $40k was only successful for $500 and only a short time before price jumped backed up. It all shows the desperation of the market manipulators who bet against bitcoin and have been losing money in that bet since price doesn't want to go down any longer. Despite the big dumps by them.

However, I would hesitate talking about recovery and rising back up again since they still haven't run out of money to waste so we may continue their desperate attempts for a little longer and then the accumulation phase could also take some time.
First quarter could be very interesting time though.
Honestly there was a situation where all the whales tried to drop the price of bitcoin. However, it failed and it is clear indication that we are talking about something a lot better for the future of bitcoin. Whenever whales end up not getting something done, they try the other way around. Which means that we are going to see them try to get it higher very soon. The logic is that if with their whole money whales end up failing to do something for the movement downwards, then they could definitely do it for the upwards because the downwards movement is stopped and that means people are not selling anymore and buying, so if they join in the buying situation then they could make a lot of money from it.

I personally believe that they could definitely do something that could benefit all of us if they worked with us and not against us and could allow us to profit as well.
2132  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: January 12, 2022, 09:43:29 PM
The very interesting thing is that, we have seen PSG not be a winning team for a while now, they have taken the lead so high that they are not even trying all that much anymore and they are still ahead by 11 points. Imagine being so good early in the season that you had 4 ties in 5 games and you are still ahead by 11 points. That's seriously good. They are not even playing with 100% available players and they are not winning and they are still easily the champions.

You could literally pay the outrights right now for them to win the title and they would still not lose it and that's a good thing for most sportsbooks to consider. Definitely a different PSG this year compared to last year.
2133  Economy / Speculation / Re: Elsavador President Predicting $100,000 Bitcoin price looks like another joke on: January 12, 2022, 09:12:29 PM
Bitcoin came close $69k making it very hard to totally write off the prediction though it didn't meet, but then it was somewhat reasonable but ended 47k at the end of 2021 not even on half mark of $50k.

But as a new year reassurance for 2022 Elsavador president Nayib Bukele predict once again that BTC will hit $100,000.

The figure above looks funny to some people, I won't lie I have doubts for that too...lol!...but what do I know, I'm just a beginner in this whole thingy.
People will always be against governments getting involved but this is not really a bad one. We have a nation with a president who thinks that bitcoin will be a high priced thing in the near future. Why would that be bad and why would you say anything bad about this president? I do not know him, maybe he is a terrible president to his nation and that is why he is not liked, but the crypto part of him so far has been good for us.

We need people like him to promote crypto constantly, people with power, people with money, so that we could be doing a lot better in the long run. I hope that many other presidents would take crypto and make it a legal tender and hope that it will be 100k+, that will help us out a lot.
2134  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Have we opened the bear season? on: January 12, 2022, 08:45:50 PM
I follow you with your belief,

correction really takes place and this current market might be a good opportunity if you have spare money.
It's not easy though to see falling market but if you have good knowledge and understanding you'll be able
to catch up with the right timing.

More on your personal goals and how you will see the possible advantage once the market starts to recover and the bull strongly
runs back.
I would say the most important part is to have the assets or the cash to get in right now. I know that most people do not do something like that, but the reality is that we are talking about something that is the usual norm of all the big financial players. They keep some of their money at cash at all times in case they can see a superbly amazing offer, and still keep some cash afterwards. I mean do you think that Warren Buffet made tens of billions of profit from his 2008 scoop, when everything was low, and had zero money left?

So, no matter what happens, rich people always keep some aside, could be a lot or could be a little but they always do. If push comes to shove, they just end up getting a big loan which they can, and they used that to leverage their situation and made a lot more profit, the difference is that, we may not get a loan like that.
2135  Economy / Economics / Re: 2022 Savings and investment plan on: January 12, 2022, 08:12:23 PM
I think saving and investing are different elements saving is saving money and investing is investing money.
I suggest if your income is still small, save first and then you can invest in peace, and if your income is sufficient to invest, I think you can just invest without saving first.
Yes, what you have said is correct, because investment can be risky at the start. So, it wouldn’t be bad to just start with savings, and as time goes on and you believe you have made sufficient income, you can then start your investment. But then we shouldn’t forget that investment is really important, because what you are going to gain from investing your money, you would hardly gain that from saving your money in a bank account.

Money that you save in a bank account doesn’t really generate much income in return, but when you invest your money you’re standing a chance of making huge return on the investment. It’s just like investing in crypto, you might be lucky and the price would go higher than you even expected, and you will make huge profit. The profit you can make from Bitcoin is more than what you can make from any other kind of investment, because you can even make like a thousand percent in a cryptocurrency investment.
2136  Economy / Trading Discussion / Re: Trade-in between the lines on: January 12, 2022, 03:33:52 PM
It quite clear to all of us that trading is not an easy task and if an individual lack a good trading skills it may bead to loses, this aspect has made many to decide to hold rather than trading to avoid mistakes.
In this bitcoin world, that holding has been a proven method to beat all the challenges of active trading. If you are not satisfied with the results of long term holding then you may switch over to long term trading and will get chances to multiply  your bitcoins along with enjoying the benefits of holding. But for this, you need to predict the ATH somehow accurately and then need to buy back at possible bottom.

So, even with long term trading, there are still some trading challenges and to eliminate all such things, most people from this community always choose holding as their final option to enjoy big profits in long run.
2137  Bitcoin / Bitcoin Discussion / Re: Bitcoin Prophesy on: January 11, 2022, 09:54:09 PM
My confidence and hope in this belief grow exponentially every day because the world is moving towards the consciousness and reality of cryptocurrencies. It’s damn hard to ignore. Everyone is talking about Bitcoin on the tv, newspapers, radio stations, the coffee shop, the grocery shop, religious places of worship, strip clubs, casinos, in the North pole, Antarctica, Sahara Desert, the Atlantic Ocean, and everywhere one turn towards. In the end, we’re going to have two types of people. The first type of people will be those who got on the Bitcoin train voluntarily. And those who were “forced” because they had no other choice. 
This is like a normal thing that I’m already expecting would happen in the future. As time goes on there would be more and more people who would start adopting Bitcoin.

Even if you are not making use of it, as time goes on you might start seeing a lot of your friends who are making use of cryptocurrency, and you would feel left out because you’re not making use of it, and at some point you would be forced to also start making use of Bitcoin. So that’s just how it is going to be, and like you have said there would be those who voluntarily accepted it, and there will be those who were kind of forced into making use of it because they saw their friends and families making use of it.
2138  Alternate cryptocurrencies / Altcoin Discussion / Re: How can i detect new growing altcoins ? on: January 11, 2022, 08:59:34 PM
I started investing in crypto since november 2021, and everytime I open CoinMarketCap i notice that there's a lot of new coins with at least +110% profit if you bought it the last 24h, and I was wondering if i can detect them before they grow up very fast in order make a lot in a short time.
I guess you're noticing is only about the the gainers but at the same time you should also note about lessors. Everyday some coins do do +110% growth and some other coins do -110% growth. It means you cannot detect well in advance which coin is going to become a loser or gainer for a day. If you keep on noticing the coin which are performing well today might be joining the losing list after some period of time.

To prevent all these kinds of problems, you should invest only in well recognized coins like bitcoin. Bitcoin also might be joining the loser's list some day but it will definitely bounce back but most other altcoins will not.
2139  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of the NFTs on: January 10, 2022, 08:38:30 PM
Without a doubt there are many potential applications for NFTs, but we are at the early stages of what we can expect out of them, as the technology is still too new to know where it will exactly lead.

For example we have seen that some artists have sold their digital art for a lot of money, but there are also a lot of people stealing digital art, trying to make it pass as their own, selling it and taking away profits from the real artists that now have no chance to remove those NFTs from the market and see how their work is being sold for a lot of money and they get nothing in return for their efforts.
I would guess that the end of NFT applications are not really just art, we have seen that so far, there are ton of applications that it has been used for. Music is something I am still very shocked about but it has happened, people are selling their music as NFT and making money from it. Also there are artists who can get NFT's removed by laws, it makes the NFT null, so the person who bought that NFT now has something that worths nothing, but the seller, the real person who stole the art still managed to sell it so there are no returns for it unless he is found and charged.

I have to say it is certainly not a big deal of it right now, there are millions of dollars going on art alone, but the gaming part is still in its infancy. Imagine huge corporations like 2k, rockstar, ea, ubisfot, cd projekt and so forth all getting into this, it is going to change the gaming world. Don't get me even started on the mobile games.
2140  Economy / Trading Discussion / Re: Comparison of Bitcoin price fluctuations with other coins. on: January 08, 2022, 03:29:35 PM
I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
The influence of bitcoin prices in other coins is obvious as all other coins are getting their value in terms of bitcoin and when bitcoin is rising then most coins will diminish and also when bitcoin is falling then most altcoins will fall but when bitcoin is trading in range bound then altcoins may rise. But, these are based on observations and there will be limitation for these to remain true all the times.

Except few altcoins, all others are lagging in decent volume which is the reason they do get manipulated easily. In such cases, we cannot expect any relation between bitcoin and altcoins.
Pages: « 1 ... 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 [107] 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 ... 225 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!