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2181  Economy / Economics / Re: Central Bank: If The Entire System Collapses, Gold Will Be Needed To Start Over on: November 18, 2019, 06:50:12 PM
I have been investing in gold before I discovered Bitcoin, but now I don't invest much in it. My focus is more on Bitcoin than gold because that's where I make the most profit. Whatever happens to Fiat does not have anything to do with cryptocurrency unless it's one that is backed by fiat like most stable coins.

I also have two lands, and I have no intention of selling any of them, but to keep them. It's good to have assets like these. I can tell for sure that the price of land in my country has increased more than what it used to sell in the last decade. If I should sell land I know how much I will be getting. That's the same with gold and Bitcoin, they all increase. If you don't have any you are just missing out and when there is an economic crash it will affect you badly.
2182  Economy / Speculation / Re: Bitcoin Halving Price Prediction $55,000 - $130,000 on: November 18, 2019, 05:53:03 AM
I expect so much positivity from this next halving and do you know why? Having studied how halving has affected the value of bitcoin positively for two consecutive period now, I am sure that many people would have been convinced now that they next having will surely make the same positive impact on the value of bitcoin, and that event is what people would not like to miss out at all as many of the old and new investor will start rushing to buy bitcoin at any slight opportunity they get to buy at cheaper rate starting form next year after the new year celebration.

From this action alone, I expect the value of bitcoin to cross over the last all time high prior to when the having will occur and shortly after the halving, I also expect that the value will surge to almost 2x of the last all time high also.
2183  Economy / Speculation / Re: One more dump before halving? on: November 18, 2019, 04:52:02 AM
The market has slowed down considerably and it doesn't seem like it is going to accelerate anytime soon, with that in mind I cannot see the price going above 10000 before the end of the year and it is likely that we will close the year with a negative trend, but no one should be too worried about it the halving is too close and this should be enough to attract enough investors so we can avoid another crash, but even then it is not going to be enough to get to another ATH.
If the market closes this year with $10k, I think that it is still a very big achievement considering what the market opened with at the beginning of the year, we would never have imagined that the value could have gone this high and the way the bear market was so dip, who would have also even imagined that bitcoin amidst all other altcoins could have make it this far.

It would have been so frustrating if bitcoin was still in the same position has those other altcoins that is giving us lots of frustrations are now. I do hope that bitcoin gets back to $10k this year ending and if it does, I dint think we should term that as it ending at negative trend, it is a fair value because it is 3x of what it started with at the beginning of this year.
2184  Alternate cryptocurrencies / Altcoin Discussion / Re: how do you identify a transparent project team? on: November 18, 2019, 04:09:25 AM
--snip--
good points to apply in analyzing the project, I agree to the project team that listens to complaints from investors, because basically the investor and the project team are a collaboration for the progress of a project, then discussion to solve problems together is highly recommended.
Last three points are the actual play mark. There should not be anything shady or fishy about the project if it is real.  All the addresses and contacts must be valid ones. Though faking oneself is no more a hard task, still the project should be clean from such doubts. Faking IDs etc is easy for social engineers. Every project shows as if the investor holds importance equal to god. Obviously, customers are the key to success.
It is very difficult to see any project that will give all those things that is listed there because many of them all claim that they are working under the decentralization program which requires the full protection of identity if any cryptocurrency user be it developer or end user, but I think that they have also taking advantage of this too much by scamming so much people under this disguise and enough is really enough.

If we can stand on our feet as an investor that before any project can get our own penny, they should be able to go by that three rules even if they have to forget the issue of decentralization and operate in a centralized way for us to really be able to fully identify them and confirm them to be a genuine project or not.
2185  Alternate cryptocurrencies / Altcoin Discussion / Re: How to choose a good project to invest. on: November 17, 2019, 12:17:19 PM
I have now stopped investing in projects that conduct ICOs, because almost all of them cannot collect softcap or simply turn out to be scammers and therefore now I only invest in companies that conduct IEO`s on top exchanges and now I have no problems and constantly get profit.
Investing in IEO projects has not been that easy as you say here because those top exchanges has not been releasing projects as much as ICO still does, so it can't be possible to be participating in them easily just like that and sometimes, when these top exchanges like binance eventually released their IEO.

Maybe one or two in 2 months, you will see that there is so much rush for it that makes people buy it out easily and if it was to be a physical purchase, I am sure that there would have been lots of stampede, which is why I don't like this IEO of a thing that much because every time I want to be a part of it, the chance to easily get it is limited unlike ICO. ICO actually is still the best, and I just wish that there would be a law that will actually protect investors against scammers.
2186  Bitcoin / Bitcoin Discussion / Re: One solid reason that I came across for the need of BitCoins. <Be Your own Bank> on: November 17, 2019, 06:48:10 AM
The thing is that we still need the support of the government to be a bank of our own, and the only way that all those embassies too can recognize any cryptocurrency wallet statement is when they are fully well informed and assured that government is in support of it.
 
Imagine now that you have your money in your wallet and you are able to have full control of it, and then there is this thing that you need to go for in the embassy that requires your statement of account, this means that it is only your wallet account that you can provide, now tell me how the embassies will accept this? What I am just trying to say is that we cannot completely throw the traditional banks out like that except the government is done with them completely.
2187  Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS on: November 17, 2019, 05:52:20 AM
Imagine thinking in stats and suddenly the price crashes to a very low rate, I'm very sure that you wouldn't be happy with yourself because you will regret saving up and not selling when the price was about to crash.

I am not saying that you're wrong, but everyone has their own purpose for buying Bitcoin, in guessing maybe you just like it and that's why you're storing up numbers. There are people who are just interested in it as a method of transaction because it is cheap and fast and there are no restrictions, you can send to anyone in the world and pay the same fees and at the same speed rate which is faster than using banks. Then there are also people who are interested because it can be an investment and would yield a profit when they invest or trade it.

I work online for a company (a remote job) and they pay their workers with bitcoin. Some people just use it to receive their payment and once it comes into their wallet they will sell/withdraw it to their bank account.
2188  Economy / Economics / Re: Anyone else remember this? on: November 17, 2019, 04:50:12 AM
They are only good at making things hard for people because they want their children to grow up and become their heads. This time around nobody cares, there are people who are talented and have been able to start up their own business or do some creative things to make money.

I have seen a lot of people like that on Instagram, social media has helped a lot of them to grow their own brand and start making money from adverts they place. It's not a must that one will work in a corporate office, you can start something of your own and earn from home. There are also people, freelancers, that started their businesses on platforms like Fiverr and I have read their stories, some were able to start making lots of money and built their own house and achieve a lot. You don't need to have time for people but focus on your business and yourself.
2189  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoiners now is your chance on: November 16, 2019, 07:54:37 PM
Start buying altcoins before its too late, the red market you are all complaining about is a big opportunity for those who knows that altcoin time will arrive, all you need to do is ....

1. Buy altcoins that have real use cases or backed with real wprking product, they tend to always have value better than copied projects.

2. Take it or leave it, new good projects will bring better ROI than many old altcoins, feels like we've seem how far old altcoins can go already, now its new altcoins time.
I think that this advice goes for newbies that are yet to invest in cryptocurrency and are feeling discouraged about the market situation, it is true that the altcoin season is fast approaching and there is need for them to actually start preparing for it now so that it will not catch them unaware because it is when it catches them unaware that many of them fall victims of fomo, you see them rushing to buy then at the time that the coin is almost getting to the peak because that is when it becomes very glaring to them that the altcoin season has actually started. For people like me who has been in this business for a long time, I think that I have had enough of these coins because from the top 100 coins, I already have the quality ones stored in my portfolio.
2190  Alternate cryptocurrencies / Altcoin Discussion / Re: Fiat-to-crypto - what's with the fees? on: November 16, 2019, 07:06:46 PM
For the last part of the statement which is your own concern, I believe that everyone is aware of that since we are not running a decentralized exchange, so centralized exchanges may not really be able to guarantee us full security, but at least the reputable ones can try their best to meet up to the standard which is why you see us always talking of using exchange that are listed as the top exchanges in the market.

I buy crypto with fiat virtually every month because that is when I invest in bitcoin, but in doing so, I make sure that I consider using exchanges that has the lowest fees in the market of which the bets exchange that offers that for now is binance, I know that changelly and other exchanges has low fees also, but not as low as binance exchange.
2191  Alternate cryptocurrencies / Altcoin Discussion / Re: How do you choose which altcoin will you buy? on: November 16, 2019, 06:26:14 PM
It is quite difficult to totally ascertain the future of any project because we have so many great projects that started well and has turned to shitcoin today because it's either they did not get the support of the community for continuity of the project or the team itself lost it along the line as they could not keep up with the project because of lack of interest or lack of fund to continue it.

For any project that I desire to invest in, I make sure that I look at the team of the project very well and at the same time consider the product that is being offered. Most of the new projects that are available now are duplicates of already existing ones, so I do take my time to look for the best of them out while I also do the same thing for the holder coins also.
2192  Alternate cryptocurrencies / Altcoin Discussion / Re: Ideas - dead cryptos on: November 16, 2019, 05:54:18 PM
Nothing! There is nothing you can do if you are going to make pumps on that coin unless there is a development from devs in that way coin/token will be alive but it is really hard to do especially with no updates even just a month. Mostly, this happened because of the market condition OR team already made an exit.
Lately, I have seen some developers actually trying to promote their project again, and some of them are the ones that I already feel were dead which makes me wonder if the altcoin season is approaching because it is during altcoin season that many of them use to rise again for their project which is why I am not even bothered about majority of the coins that I have in my wallet as shitcoin because I know that one day, they will rise back for me to be able to take out my investment before they die off completely.

It is worth that already existing investor of those coins keeps holding it but I don’t think that it is wise for any newbie to hold it as there is more guarantees and more prospect for projects that are within the top 100 in the coinmarketcap.
2193  Bitcoin / Bitcoin Discussion / Re: For new people, when they go on the journey to bitcoin. on: November 16, 2019, 05:42:03 AM
I believe that everyone here is not just expecting bitcoin to fall as manner form heaven form above, it is when you work hard for bitcoin that you earn it, just like you have to work hard for fiat before you can be able to earn fiat, those who are lazy to work hard are the ones that are gambling and thinking that they could earn some bitcoin through that.

All the years that I have been in cryptocurrency industry, there is no area aside gambling that I have not really exploited to be able to get some more bitcoin to use as investment, or to use for my personal need. Trading is what I even see as the most hard-working way to earn bitcoin, because it requires so much brain, calculation, smartness and skills for you to be able to trade perfectly and not lose the little money you are using.
2194  Economy / Trading Discussion / Re: Best alternative to Tether? on: November 15, 2019, 07:06:37 PM
I was about to mention the TrueUSD but you already said you don't like it and you also not interested in USDCoin. Okay, what about PAXOS STANDARD (PAX)? Their token is regulated and it's approved by the New York State Department of Financial Services. You should check it out and read more about them. Their already wallets that are offering them. If you have Blockchain wallet you will see the coin in your wallet and you can exchange to it. Their own exchange is itbit.com and it's also listed on other exchanges.

Apart from PAX there is also Gemini Dollar (GUSD) offered by Gemini exchange. I discovered this coin around the time PAX was launched so I think they came out the same time. And based on the information I have on them, they are really good.
2195  Economy / Trading Discussion / Re: Long Term VS Daily Trading on: November 15, 2019, 06:25:58 PM
I was introduced to this forum by a friend who advice me to be marketing IEO/ICO companies but I see trading as the only thing I picked interest and willing to spend time here to learn. As a result of this I have dedicated 5 - hours daily to learn about crypto tradibg here in the forum since my research only keep me discouraged and scared due to their negative emphasis. I will like to know the difference between shot term and long term trading and the one that is much profitable. Also the different risk involved in both.
Short term trading can be really exciting, but it carries a lot of risks when compared to long term holding. It's your choice, and short term trade requires a lot of paperwork and most people can't do that. There are people who prefer the long term holding because they wouldn't have to stress themselves a lot and also they will be able to reduce tax rates. Long term holding will benefit you more when there Is a bull run, but apart from that, short term trade has potential for big gains.

There is no right one to choose, it all depends on you. If you can take the heavy risks that are involved in day trading, then you can go ahead with it, at least you can make lots of profit (and lose money as well when you put the wrong choice). Long term holding doesn't have much work, so make your choice , but do your research first.
2196  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WILL YOU STILL INVEST IN CRYPTO ? on: November 15, 2019, 05:49:29 AM
After 2018 where more than 80% of all ICO proved to be a fraud, so that gradually many investors began leaving ICO because of the fraud factor, and its effects that until now many ICO projects have not gotten the maximum results in sales.
Of course, it is very reasonable if now investors are starting to switch to investing in IEO because it is clear that IEO is very beneficial for project developers and exchanges, and for most investors who buy tokens from reputable crypto exchanges is very important, especially given the high prevalence of fraud in the ICO world.
The only luck that ICO still has left are bounty hunters, and they are still joking with them, because if not for hunters who are still promoting these projects believe me that no one would have still paid any interest at all to ICO which will make even the genuine projects to suffer also, but we still have some hunters that have not given up on ICO, and they are still advertising them which In the process of making the advertisement, lots of people that have not known about ICO challenges yet will rush into buying the tokens, which is why many people ask that amidst all these cryptocurrency tension, there are still many people that are investing in cryptocurrency every day and getting dupe.

Luck may run out on ICO if hunters too refuse to advertise them again.
2197  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy Dogecoin on: November 15, 2019, 05:03:33 AM
I guess that this signal is for those that are willing to be using doge coin to trade in a short term which to me is just a waste of time because doge does not have very much volatility to actually do that now, and this short trade for doge coins could make a lot of people to start panic selling when the trade is going towards that wrong direction.

For doge as a coin, I think that it is just best to invest in doge for a long term investment ahead of the expected bull run for altcoin, so that when it grows by high number in value, it would compensate even for those time that we would have used to do a short trade with it in a risky way. Doge is a very great project and I believe that the time for it to have a very great future is near, so holding this coin would be the best option for me.
2198  Bitcoin / Bitcoin Discussion / Re: 3 Concerns You Have For Bitcoin on: November 15, 2019, 04:13:48 AM
My main concern used to be about the adoption on Bitcoin, but after reading the Bitcoin white paper by Satoshi Nakamoto and I realized that the main reasons he created Bitcoin was just for cheap and fast transactions, though we have turned everything upside down and now see bitcoin as an investment because of the volatile nature of it.

I compared it as a payment method to other methods there is, and if you check you will see that there are people adopting the method. Just like PayPal, it's not everyone that makes use of PayPal, so that's the same thing with Bitcoin, I am not expecting everyone to be making use of it. You should make use of what works best for you.
2199  Bitcoin / Bitcoin Discussion / Re: What makes you trust bitcoin related services? on: November 14, 2019, 06:34:43 PM
For any project that I get involved with, I try very much to see the team and be sure that they can be trusted with whatever of their project that I am attracted to.

If the team are okay, then you can trust your cryptocurrency with them be it on a gambling site or a normal project site, but aside the team also, for a project site, we have to make sure that the project is a needed one, I have no problem with gambling because it is just one product and we have so many people that likes to play games a lot and will always be there to patronize the game site thereby making whatever crypto you are using to grow, but for project, it has so many scammer that are professional and can go with your crypto, so trusting them is based in team and based on the product that is being proposed itself. What I also do is to look at some of these very popular game sites, they are the ones that I use the most when there is need for them.
2200  Alternate cryptocurrencies / Altcoin Discussion / Re: list top 10 exchange in the market on: November 13, 2019, 06:58:05 PM
Well this is a very complete list of exchanges for cryptocurrency even exchanges from all countries. But do all KYC have to withdraw funds?
Virtually many of them now require kyc for you to be able to deposit or withdraw funds through them, but there is still an exemption for some people, and those are the people that maybe fall for the first level of some of this exchanges which they limit them to certain amount of fund.

Like luno of Africa now, I know you have a limit of transaction you can make in a month, and until you do kyc, you will not get to transaction higher amount, and for binance also, they have a particular level too that you can use to still make your trades and exchanges without having to do kyc, but the moment you are crossing that limit, there is no way you can pass through without doing their kyc, so it is better you have it in mind that many of them now do kyc.
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