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First of all I would like to make remark on 2007 World Crisis, when whole world was suffering from huge financial illness, Asian countries especially India were almost untouched from it. So we can say America is no longer the only leader of global economy.
Now coming to Bitcoin, no doubt if countries start recognising the importance of Bitcoin and maintain their reserves in it, they would never see the crisis phase again. It will help countries to eliminate internal recession where reserves value may enhance without any increase in productivity.
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Btctalk name- webtricks
Rank- Sr. Member
Current post count- 909
BTC Address- 13mendmy84QcSjoXRqv1Y69EDkNWv1PUJP
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This strategy doesn't apply to all cryptocurrencies universally. While this technique may be useful in case of coins having large marketcap like STRATS or WAVES but kill your amount if you are considering coins with small cap which are mostly prey to big whales who pump/dump these coins and kill coins' natural market forces.
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Who else here loves to follow pump/dump groups? Beware! You may end up in same trauma. Why?
Answer is simple, such groups are meant to earn personal profits, they don't care where your profits go. They invest in coin first and then tell you to buy that coin. As a result earn themselves good amount but you are the one who lose. In 99% cases, they choose shitty small cap coins.
So make it a habit, whenever you are desirous of investing, choose only big and established coins.
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Since Bitcoin isn't yet adopted in most places, a large part of its supply and demand is based on price speculation. So as the confidence changes, the price fluctuates a lot. As its adoption increases and people send or receive payments for commerce instead of speculating on its price, it should be less volatile.
I would like to add-on to this answer. Generally value of currencies of different countries is determined by either country's gold deposits or deposits of registered securities with IMF. But Bitcoin is entirely different from conventional concept of currency. The only backing to Bitcoin is trust of people. As the trust of people regarding future of Bitcoin increases, its price increases whereas if people smell some contingencies in its near future, prices shatter. So due to spontaneous ups/downs, Bitcoin is very volatile. I disagree to above point regarding stability, we can't say that if we increase its use in commerce, it will decrease the speculative practices. |
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Bitcoin is now known as the digital currency that keeps on growing fast and jumping by leaps and bounds. So far, the return for investment (ROI) with Bitcoin is very, very positive..that is compared to other investment vehicles like stocks, bonds, forex, derivatives, commodities, gold, oil, etc.
Now this is a very theoretical question: What if one day Bitcoin would crash and within days it would go back to its $500 level...would you still support Bitcoin and HODL it or would you decide that it is becoming worthless and also join the sell market?
I would be selecting the best answer for this question...so come on and enjoy punching the keyboard!
Bitcoin prices are not fixed by any organization, nor are they pegged to value of any other currency or commodity. Sole determinant of its price is users of Bitcoin themselves. So if there is any possible depreciation of Bitcoin to $500, it won't be drastically first. Rather it would be step-wise gradual decrease. Now this gradual decrease can be further fragmented into several stages consisting following - 1. Big cause backing decrease like ban, illegality, split, etc. 2. Initial downfall due to any above cause. 3. Panic selling due to downfall in price. 4. Permanent leaving by hodlers. If these four steps happen, I would for sure be leaving BTC as there would be hardly any chance of reviving market. |
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If you wanna ignore the inconvenience of downloading blockchain and sync for BCH, best is to use ElectronCash on Android. If you aren't Android user, you can do it once from someone else phone to import keys & claim BCH and then send them to web wallets supporting BCH like BTC.com or FreeWallet.org.
It took me hardly 2-3 minutes to sync Android wallet with keys and balance appears in it.
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what coin is the best in trading to get profit?  ? Altcoin trading comprises of various forms. Its up to you which form you wanna choose and coins vary accordingly. So if you wanna do aggressive trading, pumping/dumping can be handy. I have links to many Bittrex pumping groups. You can contact me via PM for this. While for passive trading, long term holding of coins is best. What coins to choose is your personal opinion, while my favourites are Waves, Lisk, Stratis. But do keep in mind, never ever hold coins with small market cap for long, you will end up getting nothing. Always hold stable and big coins. |
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While I have followed crypto currency for a few years now, I am very new to trading (hardly two weeks). I use CEX - its the only decent platform that accepts credit card payments - and, together with a pal, made a quick buck earlier today when BTC/USD rates hit 2900 just to get the butterflies off.
Would it be sensible to hold on to the cash or take a dip instead (BTC/ETH)?
Lesser the currency has market cap, more it is prone to risk. So if you want to eliminate the element of risk, you should better stick to Bitcoin. But as Crypto is a world of volatility and uncertainty, it shouldn't be a bad move to switch to Ethereum and gain some additional profits. However, possibility of rise in BTC is currently seems to be more than Ethereum due to improvements in its ecosystem through forks in coming days. |
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Magic happened, Bitcoin Cash arrived, and now I want to invest - but I need a wallet. Without downloading the blockchain onto my pc, since I literally have no space for that. Bitcoin Cash's website, recommends these: - BitcoinABC- BitcoinClassic- BitcoinUnlimited- BitcoinXT- ElectronCashBTC.com, Ledger & Trezor - Ledger, Trezor and BTC.com is not an option. A second question... 1. What is the difference between exchange buy/sell and margin buy/sell - and what exchange, would you recommend for trading? Thanks! Ok since you want to invest in Bitcoin Cash and not claim, I can direct you on this. I don't think there much on exchange front, you can use any allowing you to withdraw BCH. Some names which currenly allowing are- HITBTC, Kraken. For price comparison, visit- https://coinmarketcap.com/currencies/bitcoin-cash/#marketsWhereas as far as wallet is concerned, you can use web wallet by Freewallet.org or otherwise Android version of ElectronCash. Both require no downloading stuff. |
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Do you think friends, in which year Bitcoin will completely absorb all the finances of the planet's system?BTC
lol ehm never maybe? BTC is not good enought finance for that. It good for some stuff, but for being number one currency in the world? nah i don't think so. Some other stuff yes, but not for that Sure, current form of Bitcoin isn't viable enough to become world's leading currency. There are several factors which restricts it growth namely scaling, money laundering, etc. I was reading one of the recent article from Bitcoin News website and found that Indian government has opposite behavior for Bitcoin due to above mentioned factors! There is much to go for Bitcoin  |
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Hey there. New to the BitcoinTalk forums, happy to be here  I'm a student in the UK. I get a few hundred in cash (£250ish) for christmas + birthday money every year and was thinking about investing in Bitcoin. Would you say it is worth investing as a student, especially now with the market rising around BIP91? If so, how much would you recommend? And how much profit would I be able to make within half a year or so? Thats good to hear.You can invest in bitcoins even now.When you start investing in bitcoin now itself while studying,in future it would sure grow in to a big amount which would be helpful for your future needs.Even my friend who was studying in europe only introduced me bitcoin. No doubt, Bitcoin is lucrative investment with not much technical jargon or knowledge as required in Stock Markets. As a student, it is indeed a worthy investment and can come up as aid in shaping your future. Although, 250 pounds isn't big enough investment to expect huge but still decent start. As community has positive approach towards upcoming forks ( unlike USAF & BCH which attracted only negativity ) so you can expect 200-300% return on your investment in one year. |
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What are good investments outside of crypto?
It is very unfortunate what is happening in venezuela. I wish the united states would forget about north korea for a second and make some attempt to re-establish stability in south america.
As things stand there is nothing I could do to help venezuelans.
Looking at venezuela's currency devaluation there could be opportunities for profit there. Shorting the bolivar. Buying bolivar when its nearer to making a recovery could both yield decent gains if someone could get the timing right.
What are good opportunities for investment outside of crypto? Is it moral to profit off of the unfortunate conditions of people in venezuela and other countries? What do ppl think about this?
As ease concerned, Internet investments are most appropriate. No matter in which country you live, internet can make you financially liberal. To me cryptocurrencies investment is most productive one but since you asked other than it, 'Domain Investment' is another promising option. Just bookmark some big sites and keep lurking around auction or direct sale categories. Soon you will be able to understand suitable prices and may strike deal for domains at cheap. I know many people who earn thousands every month from their portfolios of effective domains. |
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