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2301  Bitcoin / Bitcoin Discussion / Re: Why people are afraid on investing to bitcoin? on: May 31, 2020, 11:15:13 AM
Today many people are getting afraid to make an investment on bitcoin because they don't know about this coin and because of the movies, they are viewing some of those are about technology and hacking like the use of the deep web at the dark web too so the people see that they are using the bitcoin as the transaction so they see that the bitcoin is kind of coin which is not good for the typical users so they are afraid to use this kind of coin. Now we are heading towards the technology and innovation so many people now are starting to use the bitcoin because they see the potential and the benefits of the bitcoin. But still, you always take care of the use of it because the market is volatile there is a chance that you miss out on your money and loss a lot. Knowledge is the most key you wanted to have to avoid losing your funds.

The main reason why people are afraid to invest in BTCitcoin is volatility and ignorance. Because if they learned a bit about this technology, volatility would not be a reason, there is another reason like banning the economy with Bitcoin in some countries. If the government does not endorse Bitcoin then there are no citizens who are interested. Only the most daring, curious who decide to learn manage to achieve the benefits of investing in Bitcoin.
But the problem is they were being lured here in crypto because of promises to make easy money while the truth is there is no such thing like that unless you are lucky enough to have a chance investing in a currency that will be pumped by whales soon after buying.

Bitcoin is too volatile. It goes up and down unexpectedly, this tendency makes bitcoin risky. Conservative investors aren't ready for that.

But if you got a chance to invest while the price is low and sell when it is high?does volatility hinders them?

The problem here is people look about the volatility whenever the price is falling but not thanking this when they are profiting.

Many people making investment while the market price of the coin falls down which is a good opportunity to make an investment and earn a lot of money but always take care about the market traps most of the time when the bullish comes out into the longest run it will cause of short or selling immediately.
2302  Bitcoin / Bitcoin Discussion / Re: The Reasons Why I Have Lost 50% Of Bitcoin on: May 31, 2020, 08:29:55 AM
I am just quite curious why you lose a huge amount in trading we all know that even you are not a pro in trading there is a chance that you will win your games because of having a good knowledge and skills I'm not judging you I think you just need to have a lot of knowledge in terms of trading also do not trade that you cannot afford and once of my conclusion because you lose I think it is on your margin trading it is too much. One of the best things I highly recommended is avoiding getting trade for the meantime and also you just need to do right now is back to the start what are your mistake what is the cause why you lose on your trading and be careful again to the things you made.
2303  Economy / Economics / Re: Did COVID-19 Bring Any Positive Sign? on: May 30, 2020, 12:43:05 PM
I think there is no positive side that the COVID 19 brings because there are a lot of people getting infected, died and not still cure because of those people becomes careless and want to go outside and set aside the virus now the people are getting too much infected into a single person cause of this virus many people cannot go outside because they are afraid to get infected. But they cannot do anything because they need to look for the food and some of them are hoarding a lot of supplies so the cause of shortage and they avoid having the transaction of import and export because this may possibly cause of transmission. Even there are a lot of news telling that the COVID still has a positive side link the air pollution are already lessen some of the negative things giving to the earth are lessen but still we are suffering in this situation we cannot do anything to fight instead to wait for the cure to get. Today I want to give and bring a salute and respect to our front liners giving their lives to face the COVID and avoid spreading the virus. Also even there is a crisis it is better to support each other.
2304  Other / Meta / Re: [GAME] Bitcointalk game on: May 30, 2020, 09:16:58 AM



What a great game OP is full of entertainment and fun. The user interface is just simple and user friendly which is good also it has a good color combination that is aesthetically on the player. Next is the game is running smoothly I'm heading toward the difficulty round because it is more tricky to the people who are already here for a long time like who is the eldest user in our forum. When I checked the longest campaign running I think because of the number of comments on the thread on their signature campaign. I hope there is a changes in this game and more questions that will give fun and entertainment to us. Good work!
2305  Bitcoin / Bitcoin Discussion / Re: Bitcoin Pros and Cons on: May 30, 2020, 06:15:32 AM
There are a lot of things that bitcoins benefits and some of the advantages and disadvantages already said and given by the other users but still, I will give on my own perspectives what are the pros and cons.

Pros
  • The market is volatile
  • Grab the opportunity to make trade
  • Easiest way to transact
  • Secure
  • Transparent
  • less tax
  • Low transaction fee
  • You can make an investment and wait to sell your coin that you can an easy income

Cons
  • Volatile
  • It takes time before it makes a changes on the market price

Those are just on my perspective what are the pros and cons that I would like to share. I think most of us had a similar answer because we already know the capability of the bitcoin and what are the benefits of using it.
2306  Economy / Trading Discussion / Re: What was your experience trading cryptocurrency? on: May 29, 2020, 03:25:24 PM
Before I made into the world of trading I need to take some readings and a lot of style and techniques came from the internet also with the help of our forum bitcoin talk which is more active about the different experiences of their users. Also one of the most memorable things I've got into the world of trading is the use of cryptocurrency because it is easier for me to use this kind of coins because it is easier to trade and the market is volatile.

One of the most memorable things I start into the world of trading is the first trade because I wage for over ten dollars and I won my first trade that is one of the most memorable things I've had on my life also on the upcoming next trade is good but one time because of getting greedy it cause a lot of damage I take for a buy long and wait to the market to pump again and now by that mistake it is a short the market price falls down and the liquidity gets all of my hard works for a long time. As we say if you want to deep dive into the world of trading make sure you are ready enough that your funds will be done having a wrong decision.

When trading on the Crypto market, I often pay attention to the long or short data on the big exchange and then it will be the signal of the whales. To identify trends in the short term, we can use that data and it's quite effective. means we will look at the Long and Short ratio at Bitmex, then see which higher is the opposite of it. because most margin exchanges now rely on the ratio to kill Long or Short. My strategy can be applied in M15 or H1 candles, you can refer and try it in Demo account.

One of the best things also we can do while we are in trading is always updated about the market price of the coin what are the latest news and articles about this and use with the proper trading indicators those are the simple things we usually forget
2307  Other / Beginners & Help / Re: Fake stellar airdrop+malware promoting via email with using name of bittrex on: May 29, 2020, 01:22:59 PM
It is quite suspicious because what is the reason why they make an email spamming to the different users just to have a promotion on their airdrop and also one of the problems I saw on this kind of action is the reason why do they need to get the information of the bitcointalk account because it is an airdrop the account does not have any related topics on that emails also if this is an airdrop they will give the website or platform only but sometimes the developers are getting active because the links and emails they are spreading some of those links has malware or phishing actions that will steal the information their victims. Good to see that you give a post on this thread because many people can possibly be scammed by those links and platforms.

Rings a bell ... I received one on my once upon a time Newbie exploratory email, but with slight differences:

-   The email comes from YoBit Info (of all ...):
Code:
infoyobit@yahoo.com
-   The first phrase ("Time is …") is replaced by: "Dear Stellar Project Member".
-   The google doc form url is different (…1FAIpQLSdHVQHndbtoWRz1rPkTk9y4XeSMpWdWTLNu1GrRekbGRop1nQ …).

So they’ve segmented different versions, perhaps to test which has most "ROSA" (Return on Scam Attempt) …


I'm one of the people who are using the the yobit platform today and they always make an email to my inbox which is going to the spam board of the emails and we want to avoid those links but it is quite unusual that they send an airdrop on their account email because most of the time it is ICO. It is better if we make further research about this information.
2308  Economy / Speculation / Re: What’s next for Bitcoin? on: May 29, 2020, 04:25:44 AM
I think bitcoin is still the same because it is volatile from the previous years we saw that bitcoin does not have a good market value and by the time it goes by it is increasing and getting a good market profit on it. Today the market price of the coin is going back and increase again up to the 10k market price because it falls at the end of the April and today with the month of May it gives a huge comeback on it which is a sign to beat the market resistance over 10k dollars and expecting to beat the resistance. Still, it is better to make aware because the market is volatile no one is safe on this kind of market one of the best things to do is monitor the market price.
2309  Bitcoin / Bitcoin Discussion / Re: Do you think shops should accept bitcoin? on: May 28, 2020, 02:53:39 PM
Before the bitcoin does not accept into our economy only a few people see the potential of this coin to make more earnings but now it is rapidly increasing the number of supporters of the bitcoin are increasing way back on the year of 2017 when the market orice of the coin rises on its highest market price it gives huge attention on the public and many people now getting curious what is all about this coin that we need to do. By the time goes by the market price of the bitcoin is increasing again it soon to hits back into the 10k market price. By that many people see the use the bitcoin and blockchain to make an additional process because its a lot of features like in the Bitcoin is like our real currency converted into the digital world that we can use to pay like in the real-time. Also with the help of the blockchain, all of the transactions today are transparently secured by the help of the algorithm and private keys it is harder to the people to access what is the content of this kind of transaction also you can see If the transaction getting active or pending or it is already canceled cause of some errors.

It is not about what we think but the company's opinion. If they think it will be a good investment then they will accept cryptocurrencies eventually.
Risks are always present, in all sorts of field. But it will be beneficial for crypto industry and more so for the promotion of decentralized transactions. Acceptance is the start of movement to decentralization.

It is hard to use the cryptoxurrenxy on a company because the market is volatile and there is a chance that their funds and investors may lose up and this is a big deal into their company stocks and the whole organization and mostly the workers having a payment with the use of the fiat currency.
2310  Bitcoin / Bitcoin Discussion / Re: Questions I have about Bitcoin on: May 28, 2020, 12:59:08 PM
Today one of the best transactions is with the use of the online payment and one of these is with the use of the bitcoin or cryptocurrency which is more efficient and reliable because of the transparency of the transactions of the payments or transferring of funds only. Many people today are choosing the bitcoin because of its security and avoid getting easily hacked by the person who aims to get immediate funds.
Most of the security features today are with the use of email verifications, mobile number verification requirements and the two-way authentication with KYC verifications to identify their new users' information and credentials to make it easier to locate the history of it.

All of your opinions are of the utmost importance.

But for me, the current state of bitcoins and entire cryptocurrency has been largely ignored and proposed by Satoshi Nakamoto's promises. Because bitcoin and whole cryptocurrency I would say is not stable at the moment. Because bitcoin is a decentralized type of financier and if it is used in a peer to peer electronic transaction like buying a bottle of soft drinks and a pack of potato chips at a gasoline station is not possible.

Because even I am beginning to doubt the long-term success of bitcoin and cryptocurrency because I can also say that it has not been stable until now. And in my opinion, it can't be used for peer to peer electronic cash and the only bitcoin can do.

The use of the bitcoin transaction today are widely accepting which is a good chance and many popular people now are using the crypto so it is looks like promoting the use of the crypto or bitcoin in some cases the bitcoin are rapidly increasing on it number of users which is a good time for adaptation.
2311  Economy / Economics / Re: Crypto is becoming legal in my country! Any business idea? on: May 28, 2020, 06:58:08 AM
Glad to hear that your country already accepted the use of the bitcoin which is good for the economy to make easier and faster transactions. On about having a business regards the use of the bitcoin it does not matter because the important is having the use of the bitcoin. I think one of the most easier to do is having a QR Code scanner on your store and it is easier for your customer if they will scan the address immediately because it is less hassle. Also, you can help your customers if you will put a machine that they will give the amount and set their address but I think it is too much hard than using the QR scanner on your store. Also, you can put the barcode on your products and use the barcode scanner on it with easy payment.
2312  Economy / Economics / Re: Is it possible to live without banks? on: May 27, 2020, 04:49:29 PM
Even we called the bitcoin as the safe haven today to avoid getting touched into the economic crisis still we have a problem with it because not all the time the bitcoin is the key to success to save your funds. Today there are a lot of people accepting the use the bitcoin as the payment and storage of their funds because of the volatility of it they can make an additional market income on it but still, the market is volatile there is a chance to lose.
Some of the countries already accepted the bitcoin even we have the term of "decentralized" the government does not want this kind of currency will conquer the whole market and some of them support the use of the bitcoin but still they regulate this so the people avoid this kind of transactions to get spam.
IMO the banks are still important because not all the people see the benefits and potential of the cryptos also the banks already gained a lot of reputation in terms of having the security and integrity of the money. But still, for me, it is better to use the crypto because it is more transparent so you can see the potential of margin errors.
2313  Other / Beginners & Help / Re: How to Differentiate Between Trader and Investor on: May 25, 2020, 01:40:51 PM
As an investor, you are aiming to buy stocks for a low market price and aim to make a profit when the price of their investment goes up which is good as a basic earning but in investment, it takes time before you will get your profit but still, it is worth it because it is surely making a huge market income. But still, the market is volatile always take care.

As a trader it is more focusing on the technical analysis and critical thinking of how you will earn your money because trading is riskier it is all about all or nothing to withdraw your funds. If you win your trade it is good to make a profit if you lose it is okay but if you lose with a huge market trading level it will lose all of your money in a single mistake.

Just a simple explanation

An investor is just focusing when the market price of the coin falls down are we called as dip they will buy and sell the market price of the coin rise.
A trader is more on technical analysis that you need to have good knowledge in market volume, market graph, trading indicators and margin trading (I will not indicate a lot of examples). There is a different kind of traders the normal trader who make one to two trades per day, in short, they are long term traders, and the scalpers who make a quick trade every movement of the graph they make a buy/long and sell/short to make a profit.

Peanutswar already listed some of the things you need in trading and you need to do now is to widen your knowledge to about too much lose trading is all about good decisions and making money some of the traders make a hundred dollars every day because of this kind of skills.
2314  Bitcoin / Bitcoin Discussion / Re: Gold Medalist Bought Bitcoin on: May 25, 2020, 12:42:22 PM
It was a good initiation it is good to buy bitcoin while the market price of the coin falls down which is a good opportunity to make a huge profit for the upcoming market bullish market again. Also, it looks like an advertisement for the bitcoin because a popular person bought a bitcoin with a high reputation and popularity it is getting too much attraction to bitcoin and there is a possibility that many people will follow the decision of the gold medalist and buy bitcoin too.

Many popular individual are joining - JP Morgan, JK Howling and even stock market investors have joined the fray as the financial market plunges and prints infinite value of paper money this goes to show how Bitcoin has been considered as safe haven asset and some people already lose confidence in our monetary system while the mainstream media is staying silent about it.


Those are the people who realise the use and purpose of the bitcoin also the economy today are rapidly falling down and the bitcoin is we see becomes the safe haven which is a good opportunity to make an investment and avoid losing up our funds.
2315  Other / Beginners & Help / Re: Dear newbies, this is how you get merits on: May 25, 2020, 12:02:47 PM
As a good merit earner I'm not highly recommended going to wallet observer because most of the merits we can gain is came from the quality contents and post we are sharing into our forum. It depends on the people if they want to give you merit they have the right if you deserve to get the merit or not. Not all the time there is a source of merit in WO. OP some of your merits came there is we can say that there is a chance to get merit there.

I have no one rule in giving merits it could be a post from something that generates my interest or it could be something that answered my question or if I see efforts in making a post even though I already know the information, there is no fast rule and it's up to the giver.

Also in WO, there are some questions and follow up detail you can post or comment on the thread that can help other people about their problems. We have a different perspective on giving merits it depends if we like the content and caught our interest. Still there is no reason to hold merit to help others to rank up.
2316  Bitcoin / Bitcoin Discussion / Re: Why is crypto is better then fiat? on: May 25, 2020, 09:03:03 AM
We have different aspects in terms of currency and one of these is the fiat vs cryptocurrency here are some of the reasons why base on my experience.

In cryptocurrency the market is volatile and we have a lot of coins like bitcoin and altcoins examples are ethereum, ripple, and stellar. The reason why people are using this crypto because of the secured transaction, transparent and have fewer transaction fees and no taxes which is good and more convenient for us.
In terms of market trading cryptocurrency is more volatile and also there are a lot of pairs you can choose and make a prediction on it to make more money.

If we are trying to say about fiat currency this is a currency that is regulated only came from their countries and it is more legal and there is a punishment if someone will break the law on it.
In terms of trading the fiat is not quite sensitive as the crypto so many people will still choosing the crypto for trades. The beauty of the fiat currency is you can use this for over the country whenever you want only thing you need is an exchange.
2317  Bitcoin / Bitcoin Discussion / Re: An inspirational story of a 19 year old boy. on: May 25, 2020, 05:53:51 AM
That's good story and I think that 19 yea19-year-oldas a knowldge into the world of cryptocurrency and that gift was so huge giving a thousand dollars on you and invest all of your money into the bitcoin that child knows to make money or we can be called as the millionaire mind boy. Having an investment on a huge amount of that it takes time I think he invested when the market price of the bitcoin is low and see the potential of this coin to make earnings, there is a chance that he does to make trading too because getting too much amount of that gives you a million.

Not every one of us can get $1,000 to our savings with the ages ranging from 12-19. I see that this is the story of Erik Finman, he really did something great at a very young age. We admire him because when we're younger or during the early days of bitcoin, we don't care about it and we're doing a different thing.
Absolutely he made an outstanding investment at the early age of 12 and its rare too. Story of Erik Finman is quite inspiring for new bitcoin holders and specially his condition of not enrolling on university if he can make 1 million just by investing 1000$:). What a strong determination from an 12 years old boy!
It is inspiring and at his young age, he already thought of how valuable bitcoin was during the early stage and managed to keep it until we see the break out in 2017. If I also made a million out of something, I'd probably stop my college and just focus on building businesses that can grow that capital.

But, that's where the discussion starts because many will say that it's important to have an education. It's still the best recommendation and the knowledge, a diploma that you can apply and use in the future for job security. However, Erik did the other thing path in which he's way happier and the story of most successful CEOs in the tech sector are dropped outs.

Even you are a successful man still it has a huge opportunity to make a college degree because it makes you more completed on your life that at the first place you skip school that sometimes there is a missing part of you and that is the degree this is just my opinion only. We have different perspective that if you already successful you don't need to study again just to waste your time.

Quote
Most of us have at least $1000 in our savings account.

Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it.

The story may inspire young age people to invest in bitcoin but if they end up loosing money in that process, that will be a real pain for them. I know few persons who had invested heavily in bitcoin back in late 2017 and still paying their credit card debt from their salaries. The boy in the story just got lucky!

I have to agree with you on this. When Bitcoin was in its early stage at less than $5 a coin most of us were not aware of its existence.

At that time I was still at school and did not even have a decent computer and had to ask my parents for money every time I wanted to go out or order a pizza. When I had $10 in my pocket I felt lucky.

To go all in with your savings is always a difficult choice even if it's 1000 or less.

Some of us does not have a decent life like that boy that gives him a huge amount of money but still we have a goal to make earning like him life is not a race we can achieve our goal in a particular time dont pressure our selves to get everything at the age we want because life is like market anything can change every time.
2318  Other / Beginners & Help / Re: Beginners Guide to Increase Merit to Become Legendary Member!!!! on: May 25, 2020, 12:53:56 AM
When I look at this topic I thought it is came from a real Legendary member and giving some tips and advice to their users but it was wrong and it gives me shock when I see the this it looks like a click bait on the title. By the way I think if you do this according to your list @OP why still does not have any merit? It is hard to tell that your list is true because also you do not have earn any merits yet. And most of your post are focusing on counties.
So Readers If someone is just wondering that why they are not getting any kinds of merit and stuck in a just newbie position than I will say that you will be pleased to know the following things that you should have just kepp in mind as follows.

You forgot to mention the most important thing why some users do not have a single merit, and it directly affects you. Your post history is 99% about bounties apply, and such posts will never be rewarded with merits. Accordingly, what you are doing now can only be a simple attempt to catch some merit, or you have decided to get a little more involved in other parts of the forum. If it's about the latter, and if you show that you want to contribute to the forum in some way, you will surely be rewarded for that.

I think the OP just want to have any single merit to gain just to rank up to Jr. To Member that's why created this thread,  OP you can't get any merit on bounties having a great contribution is one of the best thing to gain merit and also it is not a race and it takes time to get merit and rank up. But IMO I'm not satisfied to your thread because of the reflection on your contents and 0 merits.

Sorry to say, but how ironic that someone who doesn't have merits is giving advice on how are we going to get some, but anyway, thanks for the advice. Cheesy

I have seen so many tips on how are we going to get merits but this thread is the most helpful for me https://bitcointalk.org/index.php?topic=5098333.0
These suggestions have been posted here multiple times. The best advise to other newbies could simply attached this one: Newbies- Read before posting


I hope you read this well too. Dont aim for high rank instead be part of the community and join the discussion actively without spamming of course.
Well said, we're not here to get a high rank, we are all here to participate and get knowledge about cryptocurrency and blockchain if I am going to define this forum, this forum aims to have discussion about cryptocurrency. I know getting high rank is what we all want here, it shows how great we are but always remember that we should mind first the knowledge we get from this forum.

That's right if you want to earn a good rank increase our knowledge too and the knowledge is borderless also we have now the internet and the search engines to make more easier to find information If you want to dream the Legendary earn for it, hard work on it.
2319  Economy / Trading Discussion / Re: The low risky way to hold Bitcoin. Buy Bitcoin now, i can't wait anymore on: May 24, 2020, 03:31:23 PM
We all know that trading is one of the riskiest things we have into the world of cryptocurrency and trading is one of the best ways to make earning and losing too. I think you are currently having a trades on Binance spots it takes time before you will get your profit there because only over two percent of the income you will get but still it is your choice to make an investment one of the best techniques spots trading are buying when the price goes dip and sell when the moons come.

For me it is better you can make a huge market income when you will go on the binance futures because it is easier to make an income and also you do not need to wait for a long term market and you can be a daily or a weekly trader.

Although bitcoin at $ 9k2 now is quite cheap compared to the future, I still want to maximize my profits.
Nah, we can compare bitcoin in the past but not it's future since we don't know anything for the incoming.

Bitcoin halving will often cause the price of bitcoin to plummet after the event is over. Now prices are sideway but in a downtrend. There is a high possibility that there will be a strong dump that will make investors lose money and then the whales will push its price higher.
We are hoping that halving will have a positive response. But then, we have to wait for it for some more days and could probably months. If we are buying Bitcoins today, it is expected to hold a little bit longer. Now the biggest challenge is how to push ourselves to be patient enough and wait for that moment to come.
Well, it is to hope that there is no market manipulation and that whales will be helping the market to recover and not by dragging it to dump. Otherwise, small investors will be suffering big losses.

On trading futures it takes time before you will grab the good opportunity when is the best thing to buy long or sell short because the market are volatile and there is a chance that your money will be gone by having a bad market prediction that we called as liquify always aware if you already gained merit it is good you don't need to aim more profit and loss all of your money.
2320  Economy / Trading Discussion / Re: Is it time for us to get back to trading? on: May 24, 2020, 01:09:56 PM
From the previous weeks, it is good to make trades because the market price of the coins are going uptrend especially the bitcoin which is a good market investment from that uptrend it gives me a huge market income but when the market price of the coin falls down it gives a huge impact to my trades and gives me some of the loses that I didn't expect which is a huge problem to also one of the factors today the market price of the bitcoin is still going stable and it is not quite good to me because I used a huge margin trading so I can get a huge market income too even this is risky trading is trading once you enter on your world here you will have a full potential you will lose your money.
To avoid this kind of scenario it is better to make aware of the market movements. A trader is a trader but some of the trader we called as the scalpers that every movement of the coin they make an investment which can cause too much earning or too much loss on your funds.
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