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221  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BNB good to invest at price of 0.0019 BTC ? on: October 13, 2019, 06:51:03 PM
hi guys do u think BNB good to invest at 0.0019 BTC ?
my friend bought BNB at 0.0029 and he is in a big lost now
i was thinking to buy at current price but im afraid that BNB
fall more to 0.0012 - 0.0015 BTC
BNB has good potential, I think you only need to wait for the increase if you are already buying BNB at a high price. so I don't think we need to worry about buying your BNB because the future of BNB will be good

Judging by the latest news, Binance can be considered one of the fastest-growing crypto companies in the world. And all the more surprising to see that the pace of development of the company does not correlate with the price of BNB. Binance Coin does not show its growth, and I have started to doubt if it is a good variant for investments. I guess it is better to stay with your Bitcoins and wait.
222  Economy / Economics / Re: If you want to be rich..! on: October 12, 2019, 04:39:49 PM
There are several ways to become successful in crypto and if one intends to be rich, it is just a matter of mastering which avenues works best for him. After one has become a master, it must be understood that crypto is not a get rich quick business hence patience is of importance in every aspect of crypto.

You can use even Forex to earn much crypto. The way to make money on cryptocurrency through a Forex broker is now the easiest and most profitable way for beginners and people who do not want to delve into the technical nuances of digital money. You just bought it today, and after a certain time, you sold it. And earned it! However, it does not matter which of the ways you will choose to become rich in cryptocurrency - you will have to learn much about each of them and work hard. Sitting idly, you will never get anything
223  Economy / Economics / Re: What is the best advice you ever heard in case of investments and all on: October 12, 2019, 04:35:32 PM
"trust the process" - you will never understand the cryptocurrency market in just 1 day, it will take you months or even years just to understand it. It requires a lot of efforts and skill for you to achieve your goals.
Everyone must take a step ,one step at a time. Yes learning everything in crypto can be happen not only for just 1 day, it takes weeks or months. Patience,  you need more of that in trading,  market is unstable and difficult to predict. You need to take a risk also, invest what you can afford to lose because you will not always win.

The best recommendation I have ever heard is the following one - evaluate cryptocurrencies based on their market capitalization, not the exchange rate that allows only a comparison of the profitability of the cryptocurrency at various time intervals. To independently calculate the capitalization of a token, it is enough to multiply the number of cryptocurrencies in circulation by the current rate. When making a decision on investing, it makes no sense to evaluate the current rate. Close attention should be paid to its real value.
224  Economy / Economics / Re: Mining in the cloud vs simply buying bitcoin on: October 12, 2019, 04:32:48 PM
So, in our example instead of 1.6 bitcoin, I am lucky if I get 0.8 bitcoin by the end of cloud mining contract.
Therefore, in my humble opinion, it’s safer to buy bitcoin rather then mine one in the cloud.
Would you disagree? And if I am wrong where the flaw in the logic and/or calculation?

You are right, luck is a huge factor in the equation.
The difficulty sometimes rise, sometimes drops; of course, overall it rises more than it drops. I didn't do the math, but I think that there's also a chance for profit. So instead of your max 0.8 BTC, there could be something like 0.5(?)-1.25(?) BTC range.
Your conclusion is, however, correct. It's not worth the risk. (And I'd not even insist on how many fake cloud mining companies are around, let's just keep the calculation on legit ones.)

I disagree with the luck part, no amount of luck will save you from cloud mining.

I don't know anyone who has ever made a decent profit from cloud mining. The problem is cloud mining contracts force you to buy coins at fixed rate without any protection at all. If you will have to count on difficulty and the promise of coin's value increasing then better to just buy the coin directly and wait for it's value to increase.

Сloud mining can be a great disappointment if you meet scammers (and there are too many of them on the market). This is the perfect decision to give your money to somebody and never get it back. It is the riskiest thing, although it seems to be attractive for the newbies, who are eager to get profits when investing almost nothing, just paying for cloud mining services. Better invest in crypto or use ASIC mining.
225  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ethereum Price Action in relation to Bitcoin on: October 12, 2019, 04:29:26 PM
You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.

Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.

I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.

I believe Ethereum price action to be independent of Bitcoin's value. While it is true that most other altcoins follow the trend, Ethereum is a beast (sometimes) of it's own. We've seen this previously when ETH value soard to $1400 and we will probably see it again when the promised glories of ETH 2.0 and proof-of-stake becomes realized. The problem now really is a matter of time, when will ETH devs delivery on their promises?

Experts agree that the price of Bitcoin has a direct impact on the value of other altcoins and Ethereum is one of them. To verify this, just look at two graphs of the exchange rate - for Bitcoin and Ethereum. The most significant is 2017 when there was a sharp increase in the price of many virtual coins. So, a significant increase in Bitcoin has been observed since the middle of summer, and the price peak peaked in December 2017, when the price reached the mark of 20 thousand dollars.
226  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Future of Altcoins ? on: October 11, 2019, 05:18:33 PM
As the market becomes more saturated more users are turning towards the top two crypto coins and those who had already invested into other altcoins have starting shifting their funds towards Bitcoin and Ethereum as other altcoins have failed to capitalize the market. If this continues then how will altcoin survive? is it just the matter of time or something which altcoins need to work on by working on the missing link.

I do worry about anonymous cryptocurrencies and their future. They are delisted on many exchanges. Arguments say that anonymous cryptocurrencies are used to launder money and other illegal activities, and also make it impossible to identify their owners. Special attention is paid to it due to reports of interest in this cryptocurrency by the North Korea government that juses it to avoid sanctions.
227  Alternate cryptocurrencies / Altcoin Discussion / Re: why i prefer mining and investing in ICO/IEO on: October 11, 2019, 05:11:22 PM
Reasons why i prefer mining coins than investing a dime on IEO/ICO projects
1. My profits is assured.
I dont have to wait for a project to do x3 or whatsoever to get profits on my invested cash,with better mining rigs and good calculator you will know when your ROI will come.

2. No worries of getting scammed
I dont have to investigate an exchange before investing or wasting time doing research on projects before investing,all i do is mine ETH and sell for fiat or decides to hold for a little while.


I chose mining than ICO, I have now mining set in my house and I keep earning from it. ICOs are really tough investment, I tried to invest some of my money in ICO and I only experience loss.

You never know if the money you invest in a project gives you a profit of you can lose everything. From this viewpoint, mining is better, as each time you know: you make a bit (soon after you cover expenses on equipment, surely). However, trading attracts me more as here, if you work hard, the profit can be tens (at least) times higher than with mining, although it is also risky stuff.
228  Alternate cryptocurrencies / Altcoin Discussion / Re: is this still possible today? on: October 11, 2019, 05:07:26 PM
Everything will happen here, the chance for a new altcoin to rise is huge, but if we look at the current conditions it still requires a long time because most new altcoins do not all last long in the crypto market, not everything we see ends well we must seek more knowledge to save money in a particular investment

It is too difficult to find this exact token that is a hidden gem and invest in it to earn a lot. Investors suddenly realized that scams are everywhere  - only several %% survived, but this is for the better, as negative parallels with ETH will now be drawn less often. I would better pay attention to popular and very trusted cryptocurrencies. The newbie must avoid risks not to start with losses.
229  Bitcoin / Bitcoin Discussion / Re: What are the dangers inside cryptocurrency investing on: October 10, 2019, 08:31:50 PM
One of the biggest risk in cryptocurrency investment is to invest blindly, thus to invest without having adequate knowledge on the coin or project. This is what has led many investors to run at losses because they end up joining a scam project. It is always advisable to read and study about the project or the coin very well before investing in them.

No one can guarantee the success and durability of cryptocurrencies. On the one hand, they are accepted on a par with fiat money, and on the other, they are not subject to any control. They are not material, like the dollar or the Euro, but there is the prospect that soon they can be withdrawn through an ATM and put in your pocket, like ordinary money. However, so far they exist only in virtual form and are used much less often than fiat currencies. There is no guarantee that rapid growth at some point will not result in an equally rapid decline.
230  Bitcoin / Bitcoin Discussion / Re: So what will happen to Bitcoin? on: October 10, 2019, 08:19:05 PM
What we would like to see after this long bearish struggle? is to see it regains market dominance. I know and I believe that Bitcoin could face this is a problem and for the crypto believer to patiently wait for its come back. It is gonna be a long fight for Bitcoin but I'd never think that it will drop below 5k even this downtrend will continue until the end of this year. 

For several days, Bitcoin was trading in the range of 8000+, if you do not take into account the scary day of September 30, when the price dropped to $ 7,800, but then returned. Good thing is that the price is still holding. However, we need to break through the resistance at the level of $ 9000. The possibility that bulls can take over and lead the market to new highs, exists.
231  Bitcoin / Bitcoin Discussion / Re: What did you know about Bitcoin before becoming a bitcoiner? on: October 07, 2019, 07:22:04 PM
I started with zero knowledge in Bitcoin. I was clueless and I even thought of it as a Ponzi scheme until a friend of mine introduced it to me. He was patient to explain how Bitcoin works as an investment. I joined this forum and I read different articles until I gained lots of knowledge about it. I have thought that Bitcoin itself is just digital money until I discovered how big the crypto world is.

I learned about it somewhere in 2013, when I was looking for the simplest ways to make money online. That time, I found out that one of the simplest ways to do it was mining. In 203, it was possible to mine using PC and getting some profits, so that it was the start. Later, when Bitcoin started showing its growth, YouTube channels helped me a lot to understand that crypto is our future.
232  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If bnb overtakes eth on: October 07, 2019, 07:18:38 PM
I don't think BNB will overtake ETH, BNB have a goof improve but it's not anough because ETH is more popular and have a good platform and community.

These are different cryptocurrencies, and I do not see the reason for their competition right now. Although Binance attracts with the decision to burn their tokens regularly to support BNB, I believe that Ethereum has got better support. Take into account that most Dapps work oin Ethereum (they say, over 87% of them), so ETH is still better for many people than BNB, which is also a relatively new token.
233  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Would you invest in Mining Company IEO? on: October 07, 2019, 07:15:37 PM
I would never invest money into anything that I cannot see its business model. I invest in casinos and online gambling, crowdfund bankrolls or tokens that pay dividends, like CSNO, but never online mining because we cannot see it, and no mining company that offered investment has ever been able or willing to share transparently!

There are a lot of projects that are scams, and cloud mining is one of the leaders of this fraud. These companies offer to invest in mining at clearly inflated interest, without possessing physical mining capabilities. Having existed for a month or two, they completely disappear with the money of those investors. Real cloud mining does not bring a fabulous income. I would stay away from these projects and never invest in an ICO connected with them.
234  Bitcoin / Bitcoin Discussion / Re: What do you think Bitcoins biggest vulnerability is? on: October 06, 2019, 01:01:34 PM
What do you think Bitcoins biggest vulnerability is?

Government would be bitcoins biggest enemy. Regulation prevents people from getting involved in crypto, thus preventing cryptocurrency's growth and adoptation. Some countries are skeptical and strict when it comes to their people getting involved to it due to scam and issue that crypto is used in illegal activities.

One of the biggest advantages of Bitcoin is that it is not controlled by any authorities, and this allows its users to remain anonymous, although their transactions are visible to everyone. The anonymity of the owners is a significant reason for the growth of Bitcoin in the last couple of years. However, it is also a vulnerability as this anonymity can also contribute to fraud and other crimes. If governments around the world introduce standards that make cryptocurrency difficult to trade, its price will drop.
235  Bitcoin / Bitcoin Discussion / Re: John McAfee To Launch New Decentralized Exchange – McAfeeDex on: October 06, 2019, 12:58:10 PM
Well!! popular crypto expert john mcafee decided to launch a decentralised Exchange McAfeeDex.
Read here: McAfeeDex
What's your take on this?

McAfee antivirus creator called himself a conservative person and added that $ 1 million by 2021 is not the limit for BTC. Although I know that a billionaire cannot be crazy (I am sorry) but here, he sounds this way. I do not know what is waiting for his beta-version of the exchange as it is supposed that it will be not controlled at all - it will be 100% decentralized. McAfee Dex has started to work already - I am curious about what it will be.
236  Bitcoin / Bitcoin Discussion / Re: I have a Dream... on: October 06, 2019, 12:52:41 PM
You're dream is what most of us also dream. However, if price fluctuates too much, it may not be a viable option for businesses to use as a medium of payment. They might gain or lose money if they don't adjust prices accordingly to bitcoin's price. But setting aside that negative aspect, it's good for businesses because payments don't go through a mediary and thus cut off extra fees, but if government saw this early on, they might impose restriction, altering what cryptocurrency is supposed to be, a decentralized system held by no one.

Probably, I will sound too rude, but the dream is nonsense. I never dream. If you have a goal - this is another pair of shoes. My goal is to be a successful person in what I am dealing with. Trading is a part of life, so it is a part of a goal - to achieve here the best results. Dreaming (as for me) is sitting idly, but all of the guys I try to share this idea wish, think that this is a wrong position.
237  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When will Altcoins come out of the Bear Market? on: October 06, 2019, 12:49:35 PM
If the dominance of Bitcoin over the market price is still in control then it will be difficult for Altcoin to get out from Bear Market. But the opportunity is wide open later after Halving Bitcoin happens, I'm sure the Bull Market will happen for all good Altcoin.

According to the experts and crypto analysists, Bitcoin will reach $ 20,000 only after the halving, which will be held in 2020. Therefore, altcoins, which are trotting behind BTC all the time, even the moset "independent" ones can start going up sufficiently only close to this time. Suppose that now, the market volatility like +/- 10% can become the so-called crypto trend for the end of 2019.
238  Economy / Trading Discussion / Re: 3 things should not be too in trading on: October 05, 2019, 08:04:44 PM
Trade too much
Applicable only if you cannot handle the stress of handling too many open trades. There are many ways, techniques, and tools you can use to properly manage your trades.
The trading volume is too large
I agree with this. As a rule, I always limit trades to 10% of my trading capital. Anything above that will be gambling.
Know too many methods
For beginners, it is just okay to know many methods and techniques in trading. It takes a while before you can find the techniques you are comfortable with. And you may have to go through all the techniques before you can find the one that suits your style.

Trading without rest can become an addiction, and it might be cured even (if problems begin). It should be added that any person who decides to engage in cryptocurrencies trading, and especially day trading, is at risk. Indeed, to one degree or another, practically all of us have traits in our character that can, under certain circumstances, provoke the formation of dependence.
239  Alternate cryptocurrencies / Speculation (Altcoins) / Re: My Alt Portfolio on: October 05, 2019, 07:59:51 PM
Bnb, Trx, BTZC, Btt investing in these coins in 5 years you can become rich

It cannot be predicted whether you can be rich or not.  Less than 5% of traders get good profits, and these are the guys, who make a diverse portfolio. I like the choice of yours, but I would add only that in my opinion, you should add there less volatile tokens, and probably, even stable coins like Tether. I also believe that Ethereum should have a great share in this trading "collection".
240  Alternate cryptocurrencies / Altcoin Discussion / Re: The use of stable coins or no? on: October 05, 2019, 07:57:04 PM
On the other day, I think of the use of stable coins. I mean, when can we use Stable coins as an alternative fiat. You see when a bull run comes and everyone will start to sell their Bitcoins and some other coins into fiat the network will be congested.

So I think if we buy Stable coins with some stable volume, we will no longer need to worry about unable to sell our bitcoin into fiat.
Rather we only need to do this thing right? is this some acceptable alternative or no?

Stablecoins are needed. In many countries, people are helpless in the face of poor economic policies and the devaluation of the national currency. An excellent example is Turkey. When the national currency collapsed, the volume of BTC in local markets increased. However, in this situation, turning to Bitcoin is not the best solution. It allows you to save capital from the weak monetary policy but remains exposed to extreme market volatility. Stablecoins are a more reliable alternative for people with weak economies.
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