A few months ago, when bitcoin transactions costs had reached 50 dollars per TX, there was a lot of buzz about LN just around the corner. Now that the price of bitcoin as well as costs associated with the transfer of coins fell dramatically, no one seems to be talking about LN any more. I don't question its technical feasibility, it is definitely possible. I'm more interested whether anyone will be using it given today's conditions apart from a few die-hard enthusiasts. Exactly one year ago LN had been activated in litecoin, but no one is using this technology for real with this coin.
So, where are we now with LN in bitcoin? Has it been abandoned and forgotten?
Here is a list of all of the known nodes as of now, and how they're being used. https://explorer.acinq.co/#/The list has gone up more recently, which makes me believe that the lightning network will actually be used soon into the future. I guess the one issue will be the learning curve; people are always anxious when something new like this comes into play because it's hard to adapt to that change. All in all, if you're looking for the lightning network as a way to raise the bitcoin price super quickly, I don't think that's going to be the case. |
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For those who are holding bitcoin now, the best decision is HODL. Some professional observers say that bitcoin will go 100 thousand dollars per bitcoin in two years later.
But there are an equal (if not more) amount of professional observers that say the opposite. I'm not trying to undermine Bitcoin or crypto, I'm just saying that this is a game that people can throw their opinions into, but if there's a good amount of opinions on both sides of the story, who can you believe? Usually there's heavy evidence on one side if you want to make an educated decision, but in this case what evidence is there to believe? All we have is our own opinion. |
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I'm new to cryptocurrency trading and still I'm leaning it. I watched some YouTube videos and learnt something about day trading. But, I think still it is not enough to ehter to the market. I want to learn some strategies which make more profits. Please tell me, if anybody knows a good place to learn day trading, candlestick chart analysis and those things.
You can start by just trying it out with a smaller amount of money. Either that, or make predictions beforehand, and if your predictions are true, then when you feel comfortable, you can actually invest. I like to watch what I'm going to invest in for a fairly long time (weeks-month) before I actually put money into it. You should always make sure that what you're going to put money into is either going to make you money, or it's not going to harm you significantly. |
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There are so many news appearing in the forum saying that the adaptation of idea of crypto currency is now initiating different denomination, but the problem is the price (red days) as what is seen in the market. However, this can be a good state because the market is in dip mode or discount mode for future use. As soon as possible if or maybe. So, while cheering ourselves with good News's time to buy crypto, depends on what you can. While I do agree with you when you say that this is a good time to buy as the market's dipped quite a bit, I don't think there's any guarantees on how the future might treat Bitcoin. It's likely that even if more countries do start accepting bitcoin, we might not see much of a price change until a major country accepts it and sets up for other countries to implement blockchain and crypto into their lifestyles. I think there could be a wider support of Bitcoin and crypto overall if people had a bit more of an understanding of the technology behind it as well. |
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Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
The issue comes with the people, and I think that no matter where you go there will be people who refuse to learn about the newer topics coming out. They feel like since their life is going fine, they don't really need to look into the new. They're content with the old. You're a curious person out of that audience, and that's what makes you (and most of the people on these forums) unique. We're understanding and building a community of knowledge about these cryptocurrencies here. I don't think the United States has much time to deal with Bitcoin overall. There are too many internal problems going on here that the government pretty much has to deal with. They're likely to do a sloppy job with how they deal with crypto. |
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I'll be honest, I haven't done much of a research on the subject but I thought I would ask directly about it here.
I heard ONT is supposed to be the next NEO.
I also see that it's one of the only coins doing well lately.
But I also read that Neo's council had bought 24 millions ONT in order to make sure they could control its value and not let it surpass them.
Is that possible? Aren't Neo and Ont supposed to be working together? Are they competitors or partners ?
1) I think this should be in the altcoin section. I'm pretty sure your post will get moved, but if not, just move it yourself. 2) After a bit more research, I heard that ONT went up because one of the board members was speaking to a large audience at some tech convention. Essentially, more people heard about the coin, and those who knew about it saw some progress by having the founder up in front of a load of people. That's why the price went up, at least according to a few users on this forum as well. I can't comment on whether or not there are ties between NEO and ONT. If NEO did purchase a load of ONT, it would seem like that's a form of supporting the coin as well. |
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Very interesting. Seems like good news. Am I correct in thinking russia may be utilizing Belarus as a proxy to testbed legalized and deregulated crypto. Perhaps similar to how california became a testbed for legalized marijuana in the united states? Or would be it fairer to say this is motivated moreso by money and potential tax revenues? Just as legalized marijuana represents a massive increase in tax income for the state, so might legalized crypto perhaps have an identical effect?
The proposed measures and changes by central banks to "combat terrorism" and "prevent money laundering" are also very interesting to me. It is public knowledge that banks like HSBC have laundered money for terrorists for the past 10-20 years without any real changes being made to prevent them from doing it. I wonder what the details of those changes are, and why they feel the timing should be now, rather than decades ago when this was a more dire and pressing issue?
Ooh. That would be really interesting if Russia is involved in this. Might fling the United States and China back into the mix soon. I'm thinking of something similar to the Cold War's technological advances. Under Trump, we might be seeing a different path, but I think it's possible. I'm not sure if California was necessarily "transformed" into a testbed, but the people did vote for it, so that's just what ended up happening. We might be overlooking the Russia/Belarus thing too. To address your second paragraph, big banks always have ins with the governments. |
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As an economist, I worry about a lot of issues related to economies in this world.
Bitcoin is surely a revolution, but I worry that it is highly unfair for the older generations and the people who join Bitcoin in later periods.
Most people in the world do not hold Bitcoin or any other cryptocurrency. If they started buying it, prices would soar and there would be a huge purchasing power transfer from those who got later in to those who got in earlier. For these people, staying in Fiat currency will be the best option.
Also, there is the issue of scalability and of the timeframe of existance of Bitcoin.
Isn't it better to jump try an ICO? And following this reasoning why invest in an ICO now when something better may come later?
I think many of the discussions about cryptocurrencies leave out those of our society who have less access to information and new technologies.
What do you think?
Thank you.
It would never be fair in the old generation they adopt currency in early stage and besides even if you join i later period you are lucky because you know bitcoin while the price is not too high, don't look on how much you buy the coin look on the development of the project if it is good to buy or not, then if i'm not mistaken you'll find on where you can invest, just make a research on a project before you go through an investment. I would argue that for the people who hopped on the bitcoin train early, there was a little bit more than just luck to do with it. Maybe they took the time and found applicable uses for blockchain technology / bitcoin in the future and wanted to support that idea. If they were making an educated investment, it's more than understandable why they would have put so much money in early. Of course, research is, as you stated, the number one way to making more money. |
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So if someone had lot of bitcoins by accepting paypal on 15% Preev rates would they profit of that?
Yes, you could make money off of currency exchange. Usually (and I speak from experience both on and off of this site), when one converts bitcoin to paypal, he'll get more money than the USD worth of his BTC. It's usually not a huge amount, maybe a 5-10% gain. Regardless, this is a profit and it can be used to one's advantage. If you have the option to do this, it could be a solid way to make money. You'd need to find some place to convert your paypal/fiat to bitcoin at 1:1, but after that you should be good to go. |
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Hi folks!
Lately I've been reading about people doing the so called "Swing trading" on different altcoins doing a daily +%1 profit, or 1.5% considering the operation fees to buy and sell. So I've been wondering how risky it could be and how to actually reduce it's risk. I've been mostly mining ETH and holding it, or exchanging it for bitcoin from time to time, but I believe there's better business opportunities doing some trading.
Could you advice on how risky it is to attempt this?
Do you know some serious company doing crypto currency trading?
Do you have any experience with this type of trading?
Have a good week!
Chris
1% of profit daily is already big profit since 30% of profit in just a month is already big amount. According to what I know 1% is already great profit of a good trader, he is good at trading at all. Well, i wish i havr earned 1% also everytime I trade everyday. I agree that this amount of profit is actually very significant and impressive if OP actually can keep it up consistently. To be honest, it's true that there are many other ways to make money, but a constant amount of income will always be better than having to risk some for the chance of a huge gain or a potential huge drop. You should always consider the worst case when going into trading. This is of course, my own philosophy and you may have a different outlook on it. Don't let other people impact how you feel about making 1% daily. To me, that's very impressive especially in a volatile ecosystem that you make your money in. |
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Hello, some believe that trading is an easy field to make a huge profit, but when they start in it, all their previous views change, especially when they lose their money in the beginning. For me, according to my experience in trading, before starting in this field you must learn and understand the basics, they will be as the following : 1- You must learn how to read the market smartly:Maybe you need books ( like, cryptocurrency the trading bible..) to learn more about that field, you should also learn how to analyze the different situations ( dump and pump..). Be careful: Do not trust in the news by the media, because they are always manipulating the traders through some fake expectations. Important information: When you read one book in every month, then after 2 years you will be in the TOP 10 of the most successful man/woman in that field. 2- Strategies and tactics:You must deal with situations through strategies and tactics ( Plan A, Plan B) . "Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat " - Sun Tzu 3- Take the risk:In my opinion, the risk is essential to every big profit, and trust me, when you play it always safe, then you will earn a little money in trading. 4- Be patient: You must to control yourself, and be patient, especially in difficult situations like, big crash. "Patience is the key of success ". Good luck to evey trader  . You contradict your own statement in the 3rd point... You say that risk is essential to big profit, and you say to take the risk in the title. But in the description, you talk about playing it safe and earning little money. That's a pure contradiction. You can't play it safe and take risks because risks are literally the opposite of safety. Also, if you live by your virtues in the "Important information" part, you should reconsider your thoughts. Reading a book on a topic is not enough no matter how much you read. There are some things that books can't predict, and I think crypto markets is one of them. |
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I do believe that Ethereum has more potential than any other cryptocurrencies. It has more room to grow than bitcoin which is why it is at the 2nd rank. We can see that it has grown so much in the last year. It was merely a few dollars at the beginning of the year and made its way to the $1k milestone. Although it is now at around $500 , I am pretty much sure as soon as BTC recovers its price , ETH will be back on its track too.
And that's the case with a lot of altcoins these days. I don't even know if we can look at the cryptocurrency market as coins that are individual of each other because of the fact that when bitcoin goes down, around 99% of the other coins go down too. I suspect that this is because people are nervous about buying other coins. They just want to cash out back to their safe fiat currency instead of reinvesting into other coins. This causes a dent that's pretty hard to recover from if the prices keep going down. |
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1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
1 and 2 are basically the same thing! and the information out there as "signals" come from groups and they are ALL complete nonsense and most of them are pump groups trying to fool some newbies and take their money for themselves. so stay away from 1 and 2 3 is kind of a weird statement in my opinion! the thing about bitcoin in my opinion is that you either see the potential in it or you don't. if you see it then it all comes down to your strategy. not everyone is a trader so they may not be willing to take advantage of every price movement up or down. but if you are a trader then holding is meaningless you must sell in a bear market and buy in the dips to sell on recoveries or if you want, short bitcoin in a bear market which is what we have now. I actually think 1 and 2 are the most different. 1 is good because you can seek out news that can impact the bitcoin price. If there's news articles about a big investor thinking about investing millions into bitcoin, you can essentially be sure that the price will go up with that news. However, if you're surrounded by groups and communities, they can easily cloud your viewpoint by getting many people to raise the price for themselves to pull out while the price is high. |
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As a newbie, sometimes when looking at the declining bitcoin price chart finds it confusing to decide whether to sell or hold assets. What should we do when under such conditions.
1. Seek information or signal to the next bitcoin price movement
2. Join groups or communities of crypto merchants, or
3. Confident and reinforce the belief that bitcoin prices will recover.
If you have any other suggestions, I would be more pleased. Thank's
As much as I see these helping with people who can't help but panic sell, I also see some pretty stark danger in those options. The first one is my favorite, because I believe when it comes to business you really shouldn't trust people outside of yourself. 2 and 3 are dangerous in the sense that Bitcoin has and will always have the potential to tank. You can't rely on groups of people who just tell you that the price is always going to go up even while it's tanking. |
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Almost 6 Months i read about bitcoin and people were getting rich with Bitcoin i got interested some stories about it and begin to research more..
I read that in the starting the Bitcoin was $2 or $3 most of the people bought bitcoins and they were one of the rich guys in the world in 4, 5 years ..
5 Months ago i thought to involve in bitcoin field i started my hyip websites and started to earn bitcoin, I started Forex, binary and other crypto currency businesses..
I think, At that time bitcoin was $400 i remembered the story i read about bitcoin that it's gonna be up and expensive in December i wanted to collect almost 50-100 bitcoins in my blockchain wallet ..
Unfortunately i lost everything in forex trading because i had not much knowledge about bitcoin..
So i decided to stop working on bitcoin and i left and what happened after 4 months Bitcoin became $20,000 worth.
And i am again in from Januarry and i see that Bitcoin is going down, but i still waiting the price goes at least to 500-1000$.
I don't know much knowledge about it but i want to get some people who share there experience with me ..
Thanks..!
Remember merits are perishable if not use
1) Never write that about merit in your posts. It doesn't make people want to give you merit. Don't try to guilt-trip people into using their merits on your post. 2) Your experiences with bitcoin are probably shared by many people here. The trick is to always play it safe because, quite frankly, bitcoin is not. It's very volatile, so the safer you play, the higher the chances are of you making money. Holding, buying low, selling high are all safe methods to make money off of crypto. |
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BTCBTCBTCBTCBTC
Is cloud mining bitcoins still profitable? I mean i hear a lot of things from both sides. Amd i wanna make sure that i don't waste time and momey if I would just earn small profits or even worse lose all my investments and waste my time.
Share your thoughts.
BTCBTCBTCBTC
No! They have never been and will never be. Think of it logically. If a company has the money to buy all of these different miners, why would they want to sell the mining power? They can just use it for themselves and keep the profits. If they were to sell it to people, then they would have to up-charge, and fewer people would want to use the service. Overall, I've never heard any form of success from cloud mining. Even if the site isn't a scam, it usually ends up with terrible profit margins that don't really make sense to pursue. |
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If the government still doesn't know how to put down all cryptocurrencies(or maybe they're still figuring how to tax users), why wouldn't they create an exchange and get some profit from it? We know how B.S some exchanges are, they needed KYC but in the end, you won't be able to withdraw your funds. Instead of spreading FUD, I hope government from all over the world knows that running an exchange can add funds for their country, and their pockets! I know it will be making cryptos centralized but look at those exchanges asking for our pretty faces and names just for their KYC/AML purposes. Governments are likely very cautious about cryptocurrencies due to the anonymous aspect of it. There have been claims of ties between bitcoin and terrorist groups, so just by that piece of information alone, it seems like governments will and should be a little more cautious when they think about supporting an anonymous currency. This could easily affect alliances between countries as well. I do see the profit idea though, and I think that's why there are so many current exchanges. All of them reap the profits. If governments did support exchanges and crypto, it might be easier for people to evade taxes and whatnot as well. |
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We had to deal with a dip this week. Prices seem to be climbing back again. The question is how we move forward after this dip? Well, it seems like the dip is continuing. I don't know how I see bitcoin in the future. I'm not sure if it'll be the cryptocurrency that outlasts all the others. As of now, it seems like almost all of the currencies' prices are tied to the fluctuations of bitcoin as well, but maybe that's because not enough people know about these markets. Moving forward will likely be a big jump. There needs to be something good for bitcoin, like a big corporation accepting it or a whale jumping into the mix. We'll likely see the latter if the price continues to drop a bit more. |
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When we can expect mainstream adoption of cryptocurrencies? This is very important question and one of the most frequently asked questions. Here is my opinion I was trying to research a little bit. I will share my opinion based on Andreas M. Antonopoulos speach. If we look back in the past, there were 2 great revolutions. In the 16th century, we had 1st revolution. Gold was replaced by piece of paper. Yesterday you were paying with gold and tomorrow you will replace gold with peace of paper! It was huge change in our history. After 400 years, in the 20th century we saw big mainstream adoption of paper money. So, it took 400 years! In the 1950s, we had 2nd revolution. Paper money was replaced by debit cards. First, gold was replaced by piece of paper and now piece of paper is going to be replaced by money that is hidden in piece of plastic. That money is not even visible. You get your salary that is not even visible and you have to trust your boss that your money is on your card. According to Mr. Antonopoulos, even in the 1990s he wasn't able to use his debit card in most of european countries. So, this revolution took 40-50 years! We have now 3rd revolution. I am not even thinking that this is going to be banned. This will be widely used but the main question is when?! Guys, please understand this. If they think that bitcoin is dangerous, it would be banned! all banks are controlled by small group of people. Most of crypto exchanges are actually banks. So, if they want to block or ban crypto, it would already happen! They are buying more and more and once they own more than 80-90% of BTC, it can be used in everyday life! They will own more then enough to prevent huge volatility and cryptocurrencies will be broadly used! For this adoption, we have everything we need. We have internet, we do not need to make new technology that will allow this technology to be adopted. Adoption won't follow the price, price will follow adoption! So, maybe 3 years, maybe 5 years but it will happen. Do not miss the opportunity! If this somehow resonates with you, join our telegram channel where we share lots of insights and even trading tips https://t.me/cryptocurrencyzoneI feel like the use of Bitcoin and cryptocurrencies in general is contingent on the usage of technology by not just the general public, but by everyone. That means that Bitcoin can be used by anyone who wants to use it and it can be a major currency. However, there are so many people in the world who don't even have access to any form of internet. That blocks the desire for bitcoin to be used across the world. When everyone has access to technology we will be able to see a bitcoin-driven world. |
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Today, it seems everywhere you look there are negative things being said about bitcoin volatility. To break up the monotony of borish media sources endlessly discussing btc volatility as if they have nothing better to do than beat dead horses 24/7/365, let's change the subject to a more neglected topic, that of: fiat volatility.  Behold exhibit A.  Image link: https://i.imgur.com/km3TFeR.jpgThis chart would appear to contradict what many say about the US dollar representing a stable value. The buying power of the US dollar appears to be declining significantly over time. Example of the purchasing power of the US dollar declining: a 2 liter bottle of soda used to cost $1.00 in the united states, not long ago. Today it costs $2.00. If the paradigm shift from $1 to $2 occurs over a 10 year period, we might say that inflation is occurring @ a rate of 10% per year or the dollar is losing 10% of its value per year in contrast to purchasing food items like 2 liter bottles of soda. This precedent of diminishing fiat buying power could apply over our global economy. So it is possible the purchasing power of the US dollar and other fiat currencies are diminishing significantly over time. What are everyones thoughts on this?  I think volatility is not necessarily a bad or a good thing, and I think volatility is determined moreso by spikes in value in a short amount of time. Because of this, I don't think the graph you posted is pertinent to the idea of volatility, but from the graph I do see the purchasing power of the USD going down. I don't think the USD purchasing power is volatile, but I do see that it has gone down steadily over time. However, with bitcoin, you'll see spikes that either go up or down, but they happen in a much shorter amount of time. Thus, bitcoin is still more volatile than the USD, but I don't think that's in particular a bad thing. |
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