Buy low and hold for a long time.
I think that's the best strategy.
And how would you classify or determine low price? It may be that you bought coin on pump and price never jump to that high again in years. Best thing to do is to pick only those coins which are mature enough. With maturity I mean established coins. Rest hodling assures that you will surely gonna have profit. Consider LTC 500% rise, ETH 1500% rise, BTC 300% rise, DOGE 300% rise in just one year. That's enough to say. Daytrade can cause a few losses and be difficult to recover.
100% agreed. Don't gamble when you trading. |
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Is Capitalism flawed? I used to believe that Capitalism solves issues, but if I really look around me, it actually only creates more issues that were not here before.
> There are many rich people with tons of capital but there are more unemployed people that will not have access to that
> People are living in luxury mansions and driving very expensive car, and then kids are starving in other places
> Profits of companies is going up, but real wages going down, people are living paycheck to paycheck
> Everyone is in debt, nobody has any savings, and most people are working part time jobs
> Nobody has a house, nobody can afford one, yet real estate speculators own thousands of them
> Banks have trillions of $ of money, but they still charge you 50$ / transaction because of their greed
> People have no future prospects, no career opportunity, they just live from paycheck to paycheck trying to pay off the debt and buy some shit GMO food filled with poison, because why sell healthy food to the public when the GMO food is more profitable?
It looks to me like Capitalism is flawed. Nobody has any money and everyone is suffering. I think a universal income must be implemented as fast as possible.
Surely, it is. That is the reason economists always stress on implementing Capitalism in only those countries which are rich enough to sustain person-to-person competition. Coming to your listed points, all points stress on single idea and that is "Capitalism widen gap between richs and poors." No doubt its true enough. But this doesn't make the Capitalism failure. Capitalism is important form of economy setup and the one resulting in most growth as well as economic development. Thus, it is important for global development. |
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First of all of if you leave the BTC on Coinbase then you will not get BCC. Here is the official news by Coinbase- " ...In the event of two separate blockchains after August 1, 2017 we will only support one version. We have no plans to support the Bitcoin Cash fork. We have made this decision because it is hard to predict how long the alternative version of bitcoin will survive and if Bitcoin Cash will have future market value.".... https://blog.coinbase.com/update-for-customers-with-bitcoin-stored-on-coinbase-99e2d4790a53So its clear that you need to move your BTC somewhere else. One solution can be to cold storage, if yes then use bitaddress and generate private keys. You can search how to make paper wallet in forum or google. If you don't want to enter into such complications, you can alternatively send BTC to some exchanges which supporting BCC. Some names- Cryptopay, FreeBitco.in, etc. But keep in mind you will receive BCC after few days in this case and you could miss high prices to sell BCC. |
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There can be two different cases-
1. You own private keys of your wallet - If your answer is 'yes' to this question then you can surely claim BCC with your current balance on address by simply adding private keys to BCC wallet.
2. You don't own private keys - If you using third-party hosted wallet like exchange and web wallets, the decision whether you get or don't get BCC will be dependent on exchange or wallet's opinion. Every exchange has different views on this. I am receiving e-mails from almost every wallet about its take on fork. Better read their personal opinions.
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how long does it take you to find out a way to profit from crypto trading and raise your fund?
Considering the volatility of cryptocurrencies, I can say 1 second  . Really man, cryptocurrencies are non-comparable to any other form of investment. Consider Stratis for today, coin worth $4.8 yesterday and rose to $5.4 today. That's 12.5% profit in 10 hours. Now compare it with bank deposits, you may not get similar return in a year. So its quite easy to make profits in crypto world, all you need is right direction. Initially, try hunting some bounties. When you believe you have enough experience and mobilizing fund, step into trading and introduce personal capital. |
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It is clear that coin getting more support will win and support will be determined by the number of people using particular coin. From current picture we can presume that most of the users have made their mind not to step out to BCC from BTC. So I would rather refer Coinbase decision to be smart and clever one because at one place Coinbase will be safe from any kind of disturbance or modification in its wallet and also all Coinbase users will be using BTC thus help in building one-sided support for BTC against BCC.
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i'm one who spend too much time for trading. I made so many stupid mistakes because of thinking emotionally instead of logically.  what is your opinion? Indeed. Spending too much time daily analyzing different coins and shifting investment from coin to coin, following pump/dump groups, creating buy/sell walls may not help you earn big. Best thing could be investing for long term. Just do detail pre-head study then invest money in coins, set price notifications and then chill for time being till they hit new ATH. Long time hodl is best type of altcoin trading. |
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Is it a coincidence current bitcoin price ($2573) plus the speculated price of the upcoming bitcoin cash ($453) is just above bitcoin all time high (Combined $3026 compared to all time high approx $3000)?
Is the valuation of bitcoin cash already included in current bitcoin price? If that's the case, then it might not change much on aug 1. My experience is that known upcoming events often are included in price long before it actually happen.
Well, currently there is just limited trading available for BCC on ViaBTC thus prices are somewhere above $400. But after Aug 1st, almost all mass with private keys can claim BCC, so if there is huge resistance against it then prices may drop to somewhere below $10 or may happen that token become valueless. On the contrary side, its too early to predict prices of BTC. Well, I am pretty sure that BCC will not affect the prices of BTC significantly and BTC will continue to gain momentum in upward direction after Aug 1st. |
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ok , if there are criminals,
how can this come to btctalk ?? how can admin of this forum copy-paste news ?
what about bitcoin core team ? dont they give a answer or reject fake news...
anyone can answer my question?? No one saying they are criminals or so, it is just wild suspect coming from @ebliever. Everyone in crypto world has right to use it in a way, he/she wants. So a team decided to make amendments in current BTC system or Bitcoin Core like increasing block size to 8Mb and launch it with name 'Bitcoin Cash'. There main view is to reduce unnecessary hype in fees and confirmation time. Yet it seems like they are unable to gain enough support so we can say it will be just another altcoin. However, Don't believe that project is scandal of any type. |
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I don't think the gambling and darkweb sites shut down would have that much of an effect. At least, I don't think it's what's causing the plunge now. People have been more anxious about talks of a hard fork and now about scaling. Since supply and demand dictates the price, once the weak hands let go, then you'd see a decrease in exchange rate.
Yes, shuting of web markets are hardly any concern atm. Why exchange prices were increasing last week was because of successful segwit locked in. Now there is steady decline in prices of Bitcoin and other cryptocurrencies. This is mainly because people started putting their Bitcoins in safe storage. This is going to halt altcoin trading further in coming one-two weeks. So be ready for more price falls and don't panic  |
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What would it take?
Does the volatility settle if certain amount of merchants accept payments in crypto? Or should there be more people that would get paid in crypto? OR should there be a cryptoeconomy where people and businesses get income in crypto and spent the crypto?
Furthermore, could the volatility be even solved? I mean of more and more people are getting into Bitcoin, when would such demand cycle cool down?
I would like to know the economics behind it.
Volatility can't be solved although it can be minimized. Everything having monetary value is volatile until it is regulated by government. Laws of appreciation and depreciation works on every speculated item and cryptocurrencies are no difference. Requiring no intrinsic value, it is easy that cryptocurrencies' market value rise/fall huge with little change in market. So to stabilize them more, large adoption should take place as well as trading malpractices should be minimized like pump/dump, etc. |
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what will be the other bitcoin name ??
if someone says BCC.. there is already a coin called BCC... so whats the name ?
There are few things to understand first. There are various FUD about August 1st regarding split, let me settle some. Case 1 - There was possible UASF split predicted earlier but after BIP91 locked in, this split has very meagre chances to be activated, almost no. Case 2 - Some crypto enthusiasts are trying to make certain changes in present Bitcoin with aim of achieving Satoshi's dream of Bitcoin. Thus new coin will emerge out and known as Bitcoin Cash through UAHF. This is one you talking about. Although we have altcoin name Bitconnect (BCC) but still Bitcoin Cash will be abbreviated as BCC. Here is coinmarketcap listing- https://coinmarketcap.com/currencies/bitcoin-cash/This coin is not real split and won't affect Bitcoin much. It will more work as altcoin. Case 3 - 2Mb Hard fork to increase the size of block. This hard fork is subsequent to Segwit2x or BIP91 activation and probably be real worthy split. So big wait is NOVEMBER. |
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What y'all going to do before august 1, and after? I really hope that most of them will sell their btc.
Before Aug 1st HODL, After Aug 1st HODL!  Selling BTC, exchanging them for altcoins are deeds of immature Bitcoin believers. And why do you hope most of the people sell their Bitcoins, you wanna buy at cheap? Best is to hodl them on private keys and reimburse them to your wallet once fork completed. ' Its raining outside, park your car inside the garage. Let the rain go and you will have 2 cars once you open garage back. Isn't that amazing! ' |
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If you know about the battle between Tabaco companies / Governments / Pharmaceutical companies VS eCigarette companies, then you will know what I mean. We all know cigarettes are one of the main contributors or causes for a wide variety of cancers and illnesses and eCigarettes is the possible solution to this problem. { Disruptive technology } The eCigarette companies has proven that their technology are better and less harmful than cigarettes, but Tabaco companies, with the help of governments and pharmaceutical companies { nicotine patches & tablets } has started a ALL OUT war against this technology, because they stand to lose BILLIONS. Some countries have BANNED eCigarettes, because the Nicotine is harmful to people, but they allow cigarettes that are more harmful. Bitcoin is fighting the same kind of battle against paid shills and sinister groups that are trying to destroy it with the spreading of misinformation and "divide & conquer" tactics. Will we win this battle against these giants or will we surrender in defeat?  Nice comparison. But who is trying to destroy Bitcoin? As far as to my knowledge, countries are stepping forward to legalize it. There are already 3-4 names in list and others trying to find out way. At the same time, there is hardly any country where Bitcoin is officially banned! So we are in win-to-win situation. Chill bro, there is no war going on. Bitcoin is growing and spreading steadily.  |
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Hey MedaR,
Do we need to do 14 tweets weekly or 2 weekly?
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There are various reasons for it- 1. Bitcoin is complete dominance in Crypto trading. Other coins work subsidiary to it. So if BTC rises, other coins rise. If BTC falls, other coins fall too. 2. Bitcoin is currently under possible fork. So this and next week will see major downfall in its sending/receiving. Most of the exchanges will be closed in this time period. So we could see more downfall in prices of every coin. Be ready! But every crypto enthusiast is sure enough that BTC and other coins will reach new ATH in coming years. This is just temporary break downs. Else cryptocurrencies are continuously going towards MOON. |
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Thanks for quick exchange. Here goes the out TX ID- efc85103ff1a11d08ea33cedfc53940cb9ac3ef83378dd6fcd930e13192a193c |
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Hey guys just heard a few darkmarket places just got taken down .Wonder how it will effect the prices of bitcoin and other altcoins.Look like the guy made a few big mistakes.Surprising he wast taken down sooner .Will it effect the price of bitcoins are altcoins?
Whenever someone uses Bitcoin to buy/sell commodity, he uses current market price. Thus marketplace works at current price which hardly affect market price on transactions. It is trading or speculation which basically impact prices. So I don't think turning down such deepweb marketplace will cause any impact on BTC prices. Sometimes, a particular user might be hoarding bitcoins to buy a particular commodity. If it is not possible, he might dump it. So there is a theoretical possibility of a decline in price if a specific use of Bitcoin gets taken out. And how you categorize it to be utility activity. The moment he started speculating Bitcoin, it changes the virtue of Bitcoin from money to investment. If he dumps the coin, he is doing what we call 'trading' hence marketplace doesn't directly contribute to prices of Bitcoin. |
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