2-Stay away from media news:
Media are always manipulating traders through some false news and even the social media (Twitter, Facebook..), They may even control what happens in the market (crisis, jump), in order to achieve the interests of some (the capitalists) and regrettably, many believe the information and fake predictions.
" Do not be a sheep and act like a wolf "
I disagree with this postulation. A successful trader should read a media news very often. The problem is that some news are really fake and FUD which are written to make you commit wrong trading actions. A trader should filter the reliable information sources. Almost all of the significant pumps and dumps on the crypto exchange markets were widely elucidated in the media news. Most of these news were concerned to the banning, regulations, etc. A trader should use the information from the reliable media news, and of course discuss the current situation on the specialized forums. |
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I suggest you to buy EOS. This is a former Ethereum ERC20-token which is currently migrating onto its own blockchain. In general, it is a decentralized promising crypto currency for applications. The second reason why this coin will rise is a competition of Bitcoin against Bitcoin Cash. I guess the EOS will be pumped in order to throw down BCH to the fifth place on CoinMarketCap.
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Snap up opportunities that presents itself. Have a specific profit % that can be raised or lowered depending on how propitious the trade is. For me, you can be greedy but always be logical
Good point. A greed is a normal emotion of a trader if the crypto exchange markets are currently growing and there is no any negative news. Just be ready to sell your coins any minute. Keep in mind that the crypto exchange markets are manipulated by the "whales" and such behavior of the crypto currency price is hardly able for forecasting, but some traders use a technical analysis strategies and their trading actions might be predicted in order to sell or buy some coins earlier than they'll do it. |
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if I think the right time to buy bitcoin is nowadays. because now the price of bitcoin is still low, so if to get a very large profit is very easy because with us buy bitcoin now if you want to wait for a time that is not long certainly bitcoin prices can rise drastically
It is now time to buy bitcoin when price is not so high but it rising more and more I am sure after few months price of bitcoin will be more than double of this price, so it is good to invest now and wait till it become more than double of the price, buy now and hold it with patience and bitcoin is holding worthy for long time does not matter when you but buy when the market will be red so be ready to buy right now. I am in doubt if Bitcoin will significantly rise in this summer, because currently the large investors think how to spend theirs profits from trading a crypto currencies, and when to have a rest at the warm tropical island pleasantly. I guess that $7000 is a current support level of Bitcoin, and the price of BTC will fluctuate in the $7000-$9500 area, cause $9500 is a resistance level. |
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- no miner can say which transactions he wants to approve But mining pool (admin) does. I guess you are saying about transaction censorship. Yes, an admin of some mining pool can pursue his own policy and restrict some transactions even if they offer high fees, but the admin of other mining pool won't comply with such policy and will approve any transaction he wants. Therefore the transaction censorship is surmountable in the long run. |
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India is somewhat unique in ways. For one it has waged a war against paper money to invoke a demonetization scheme. An 18% general sales tax(?) on bitcoin could be unfair if other electronic transaction methods aren't taxed @ similar rates. It could make transactions in bitcoin more expensive than transactions utilizing alternative electronic payment methods which could put bitcoin @ at disadvantage.
Indeed, imposing taxes on crypto currencies are rather unfair in comparing to other electronic payment systems. 18% tax on buying Bitcoin, then 18% tax on selling Bitcoin, total 36% tax on purchasing Bitcoin. I think the government of India threatened by banning the crypto currencies in order to declare such high taxes on crypto trading. |
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Several moths ago there are the rumors about creating a national crypto currencies of China and Russia. Such questions were discussed by the governments of these countries. In my opinion, if one of the powerful countries creates its own crypto currency, then other countries will create the own crypto currency too. I guess that the powerful countries negotiated to stop the developing of their national crypto currencies, therefore the crypto yuan and crypto ruble are still stayed a rumors.
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Taxes helps in :
Paying the salary of government employees
Making of roads
Public schools
Parks run by the government
Maintenance fees
Making government hospitals
Making high schools ... The list is endless
You're right. Also taxes helps to the arm forces, penitentiary system and other primary institutes of a state. If no one will pay taxes, this country will be disintegrated and probably conquered by other countries. The governments need an incomes from taxes, and a crypto currencies might be one on their sources. |
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Bitcoin is indeed risky. But bank investments are risky too. In our country (coz I'm not sure if this exist in other countries). When you have a large amount on your account they will call you and ask you if you want to invest, minimum of 20,000 Php (or 400 USD). They will propose some investment plans where there is a choice of low, medium, or high risk investment. When you choose the high risk there is a chance to lose or gain 100% of your investment (Medium is 75% and low is 50% if I remember it right). It doesn't make sense to me, it sounds like a scam, they will invest using your money and you don't have any control to it. That is why I like bitcoin more, coz Though it is risky and it's very volatile, you have full control on your investment.
What do you guys think?
It is really obviouss i guess that bitcoin is more risky in the sence that bitcoin price is moving also in just a small time bitcoin making value could go down easily but also great thing it could also increase immediately but thats make it risky and its like gambling your money in a investment. Unlike banks we could say that it is just really safer than bitcoin because it has a lot of authorisation unlike the bitcoin wallet that we use to store our bitcoin. At first, it is strange that a bank in your country proposes such investment plans. If the income of investing is greater than 20%, it means rather a scam or a ponzi scheme, I think. Probably, you are saying about a mutual investing funds on the stock markets. At second, you've pointed the correct thought, that the holder has a private key, and only he can control on his own Bitcoins. But in general, of course, the bank investments is less risky than the Bitcoin investments, because most of them are based on buying or selling an obligations. |
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Actually, Bitcoin Cash was created, because the part of Bitcoin miners didn't approve the deploying of the new Segregation Witness technology onto the blockchain of Bitcoin in August 2017. Also, in comparing to the old Bitcoin, BCH has some advantages such as an increasing the maximal block size up to 8 megabytes and a reducing the time interval to recalculate difficulty of mining. On this site is used the correct ticker BCH, non BTC. To be honest, neither the current Bitcoin nor Bitcoin Cash has no the copyright to own the trademark "Bitcoin", therefore I guess the animosity between these crypto currencies will go on further.
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Ну что финишная прямая с месяцок и завершается ИКО не плохо идут, учитывая ситуацию на рынке.
Да, soft cap, возможно, будет достигнут в срок. До завершения ICO осталось 3,5 недели. На текущий момент Собрано 90%, примерно 7300 ETH. На платформе 615 инвесторов. |
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There are few thinks you need to consider. First, there are 3 main types of decentralization ( By Vitalik Buterin): Architectural (de)centralization — how many physical computers is a system made up of? How many of those computers can it tolerate breaking down at any single time?
Political (de)centralization — how many individuals or organizations ultimately control the computers that the system is made up of?
Logical (de)centralization— does the interface and data structures that the system presents and maintains look more like a single monolithic object, or an amorphous swarm? One simple heuristic is: if you cut the system in half, including both providers and users, will both halves continue to fully operate as independent units? The majority of the Ethereum coins are owned by its creators. I think that this proportion can be treated as centralization too. They might sell a huge amount of their coins on the crypto exchange markets for fiat money, and the ETH price will be dumped drastically. That's why the real decentralization is contemplated that the majority of a crypto currency emittion is not concentrated in the hands of one individual or organization. |
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If you want to trade safely, you should use the reliable trading signals. It means that these signals are concerned to an inside information of investing groups. The actions and intends of the large investors are always coordinated. Of course, these signals are expensive and secret, but they are worth of buying indeed. Such a way you can exit the crypto exchange markets at the right time, and after the falling you will be able to buy the dip.
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Well, I don't think that the emergency fund should consist the investments in crypto currencies, because it is very risky. Such kind of funds are mostly needed when the turbulence occurs in the real world. The crypto exchange markets are more volatile and are able to be manipulated than the traditional stock markets, and the prices of some coins can drastically fall at these times. So I think this 20% of your wealth should be treated as a risky investments, not an emergency fund.
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I read this article, but I want to see opinions, would you sell all your alts to have only bitcoin now ? I don't think this is recommended
No, I don't approve the strategy described in this article. Figuratively saying, it is not wise to place all eggs to one basket. The investment portfolio should be diversified. The authors mention the turbulence on the crypto exchange markets, but I guess they just try to encourage people to make the current support level of Bitcoin more strong at the expense of other crypto currencies. Probably, they didn't invest in altcoins. |
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I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
I think that no need to learn another language than English. The crypto currency world is global, and the international community should speak one language. I know that your mother language is russian, and you are very active in the local forum. Also you speak English very good. It is enough, with crypto in mind. |
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I have no reason but my intuition is saying the price go up very soon. I had 13.5 BTC so bought another 13.5 BTC 5 minutes ago. the falling is fake. this can't happen for bitcoin goes under 9000$. I got on
the bullish wave ever already. Join me people
It seems that you don't want to admit the current value of the Bitcoin price. But the falling of the crypto exchange markets is real. The dumping is still going on right now and right here. BTC is approximately $7000 and is falling -4%. Other crypto currencies are dumped more drastically -11%. Obviously, the investors are panic selling. Take off the pink glasses and look at the CoinMarketCap. However, somewhere here should be a dip, because probably $7000 is a support level, and you can re-buy some promising coins. |
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You can see that the prices of ETH are showing signs of strong recovery in recent days and are showing signs of correction, positive signals from the market and the good news related to the government help prices. The ETH is very stable and is recovering the fastest compared to other top coin. I believe that at this point you can make long term investments in ETH.
As you said, ETH is one of the strongest project in the crypto world, It has a high potential compared to a lot of crypto. A lot of traders believe in it and believe that ETH will be the new bitcoin in the future, the most important thing that any new token is based on ETH, that's why ETH will be more stable in the market and it recovered very fast compared to other crypto. In comparing to Bitcoin, Ethereum has one disadvantage. When some big ICO campaigns are completed successfully, the teams go to some crypto exchanges and cash out the fiat money to develop their project further in the real world. The total amount of ETH can be significant, and this selling can negatively impact on the global price of Ethereum. Now the ETH price is unstable and follows the movement of the BTC price. |
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Obviously, the trading signals received from your "guru" were absolutely wrong. You need to try to buy the dip, then hold your coins. If you will get a desirable profit, don't be greedy and sell them immediately. You can wait for dumping, but you should be prepared to sell all at one moment. Don't rely only on the technical trading strategies. The majority of them don't work on the highly manipulated crypto currency exchange markets. I see that you like to trade, so forget these losses, learn from your own mistakes and be involved to the crypto currency world.
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