Bitcoin, a cryptocurrency which started working on the underlying technology of Blockchain had since been used more as an asset over technical aspects. What we've been seeing is BTC had been experiencing too many pumps and dumps which were so quick in times that it made BTC look as a bubble every time it came down.

Man, then what has it to do with Escalator and Elevator?
Well, let me explain:
Elevator (or in simple words, a lift) goes up so quick it makes us reach our destination a bit faster and it has floors to be reached, the same speed applies downside as well and the momentum is much higher compared to an Escalator (or walking stairs) which takes persons towards up and down but at a stable and slow speed. It gets us to our partial goal at a lower speed and the same applies to coming down with it. Bitcoin should be an Escalator instead of an Elevator, which if seen through my views, can grow slowly at a steady pace and even if it comes down, the velocity will remain the same (or even less) due to more and more time taken to reach there whilst if it keeps going high quick just like an Elevator, it'll come back down at a higher speed and if you want an example, 2018 suits to be the best fit here. It follows the rule of Newton that whatever goes up, comes back down for sure but here I'm talking about the velocity and how it can actually change everyone's views on how to stop thinking that Bitcoins is just a get rich quick scheme and save themselves from getting rigged of such situations many traders are facing after last year's revenge from markets' end.

This warning needs to be stickied for guests to be able to see it and comply with it. The worst cases are, when these people who come here and use this forum as guests, don't really know who they are dealing with due to no trust ratings being shown (and they don't even bother checking the rules and even stickies, so chances are they're likely going to get scammed and if this thread or at least the content of this isn't stickied, it's meaningless to debate about it as they won't be able to see it due to the thread sliding down after newer topics popping up); so I urge the admins that instead of just allowing the members of the forum alone, please allow everyone (including guests) to see trust ratings of each and every user to let them decide whom they should deal with. Otherwise what's the meaning of having this trust system and why would anyone be using the forum as a "guest"?

Not offending, but is this a strategy to convert guests to forum members by making them register to use full features of the forum? Well then, at least trust system must be excluded from those features which are not allowed to guest parties.

None of the reputed websites like cloudbet, anonbet, sportsbet, etc.* did anything like that in the past with their customers.
First of all, you should check the bankroll of the vendors whether they are capable of paying you your winnings or not.
Second, check their website address should start after an https and not http (at least they must afford a secured layer certificate for their website).
Third, look for odds.
Play only if they're giving odds almost similar to other sites or somewhat better, but not odds kinda too good to be true.
Then, periodically change your password and always remember to withdraw your winnings once you're done gambling there.
On-chain betting sites are not much in number nowadays but there are sites which allow instant or next-to-instant withdrawals, you can ask other users and know more about their experience with the site and then choose if you want to gamble there or not.

* - used those names as an example.

Very true, but as those $2k-$2.5k levels are in talks, I only see a big dump incoming which would take it there and back up to $3k just to prove many of these predictions wrong and as well make a fortune for shorts who're into leveraging over this since $6k. I also see that the demand had surged down gradually after BTC reached these heartbroken levels and even though it's dirt cheap, nobody is interested in buying it. The volumes last year for buying were higher than now and this shows lack of interest and purchasing power of a common man to purchase this super risky asset. Probably, they're waiting for something we call "bottom" and accumulations will start once it reaches those levels in talks as fear has been spread a lot and everyone has been brainwashed about no chances of BTC going back up. It's the word of mouth mostly that gives value to almost anything, and due to having a very bitter experience with Bitcoins, many would just speak negative and othersher will remain quiet in the hope of getting their coins' value increased.

$2500 and further down, $1800 are in the talks currently as shorts are trying to make more on leveraged money. Recently, you must have noticed that CBOE withdrew its VanEck/SolidX ETF application due to a rule change but nothing affected the markets as they promised to come back with a properly framed and an abide-by-rule ETF and they kept their promise which made BTC remain stable. I see no hard moves currently for the next 2 - 3 months (as I don't think Bakkt will launch till then) and BTC must remain stable (or sideways in my words) in order to stay safe from those harsh "bottoms" which could be very hazardous to the whole crypto economy as the selling pressure here will end up pressurizing investors to fetch out their money out of alts as well. Still, IMHO BTC's current value of $3.4k is definitely undervalued and it should be at least $6k to remain the most profitable and dominant crypto.

It can survive but the level of survival will drop down very badly as people would just sell their coins under the fear of either getting caught or getting a crypto ban at their premises. If Govs come ahead for a real fight and they're made up of their mind to end crypto in grave, well then, be ready for the death of crypto at least in terms of values as price would definitely fall for this very reason Govs may give us. Seeing the technological aspects of BTC, I don't see any developers leaving it as all of them mostly do it for their peace of mind and they love to do what they're doing, tell me who doesn't love to develop something people are loving due to its features? Even if Govs decide to kill crypto space, we as a community can start using BTC as BTC only (like 1 BTC = 1 BTC only) and do barter trading with it instead of just playing off with it (which may not happen ever IMHO).

It's 100% assured and guaranteed that if Bitcoin and crypto space gets regulated, then we, as a citizen of our country, need to abide by the rules that will come into effect after governments prepare a framework about the same. Definitely it's one of the worst cases as this is the only thing that sets us free from all the limitations we're already living under, and transacting freely without the involvement of a third party gives me a higher privilege to experience how a bank works - by being my own bank myself. It's us - the people, who thinks that after crypto space gets regulated then everything will be done with more ease but we're not aware that it's just their (Govs') converged strategy to get a hold back on us and involve Centralization in crypto too. Do you think centralization is good for crypto? If regulations are involved to such extent that we are allowed to continue trading and sending/receiving our coins without much hassle (which won't happen at all), I see it to be the worst use case to be attached to cryptocurrencies.

I'd also like to draw your attention towards similar topic I created, and we had a great debate over this - https://bitcointalk.org/index.php?topic=5092217.msg49010056#msg49010056

Public now tends to get out of the phase of following a single entity who says that BTC will be here and it will be there today, they've gone smart and do a lot of research before taking any decisions now on their own. We're being given biased comments where many say that it'll be above $5k till Q2 2019 end, while others say what you're speaking. There are many great things on the table, there is a possibility for BTC to go to those levels down for some time and for some reason, but it won't remain there forever. Alts fell as they felt the heat BTC suffered from, and investors were cashing out on their BTC so it's obvious that alts were going to see a bloodbath when BTC which rose from $1k to $20k in less than a year corrected itself back to 1/7th its ATH.

Would you mind describing your previous experience with those so-called crypto projects you were speaking about?


I guess you were drunk while writing this post (as in the very beginning of this statement, you said that you don't want to lose money and on the other hand, you say that you're looking for stable projects WITHOUT xxx profits). Another thing, the ICO projects you're speaking about, mostly launch tokens only - ERC20 tokens are generated over Ethereum smart contracts and you can manage all of them on your own with just one private key - isn't it amazing?


What are you upto exactly? Profits or stability?
To what I understand, are you asking for stable profits rather than a pump-dump ride? Is that what you mean?
Well then, there's nothing exactly that can help you out, at least not in crypto (even least, not at current times when markets are being manipulated easily).


Yes it is, everyone is waiting for the bull run but many are already grabbing the opportunities they smelled before anyone else does. If you're closely watching the markets nowadays, you must be aware that many coins are doing almost 2-5x, that too straight shots without breaks.

Exceptional and phenomenal.
I never expected you'd disclose them, this shows how dedicated you are towards buying (investing in) BTC and holding it for a very long time. Thanks for those numbers, you've now set an example of what money management and risk control is. Won't say "sorry for your loss" kinda words here as it'll be a disrespectful statement, but highly appreciate how you managed to keep accumulating it while others were just thinking on buying it even when BTC was cheap (I know it's cheaper now, but not to worry as BTC always repeated its history). We've got a very long way to go, General! And that statement in bold 1 BTC = 1 BTC is one of my favorite ones.

https://vantagepointtrading.com/why-most-traders-lose-money-and-why-the-market-requires-it/

This is the best article I've read and would like to share with you as it covered almost all types of market conditions and types.

I believe traders lose mostly due to fomo and getting into a coin without research. Each news and even a rumor has its limited effect and traders need to understand this that without understanding the probability of a winning : losing ratio of a trade, putting your money in it is just pure gamble. When your capital dies under the dark shadows of unusual trading, then dies the interest and then trader takes wrong decisions thinking that he is contesting against himself, trying to chase profits without even knowing what possible outcome will there be of the trade the trader is going to commit.

House is made to make the team behind the game win against you by having that fixed % as their edge towards all your bets. There's actually nothing you can set against the house to make them lose except you get that secret seed (or phrase) which would let you know everything about the upcoming rolls or casino bets' results, but that's completely illegal and sort of hacking. The more the house edge, the least your chances are to win over them at their place. There's just one strategy that if you win, keep the winnings and hold on for the next right time to bet and win again, but constant betting at a single place makes you lose more than wins during the long run.

Applause for you, you're another human I saw on Mother Earth who thinks that gambling can make you easy money. 2 things for you:

1. I don't want to say same things again, just check the links (my response to the one who thinks the same way)
https://bitcointalk.org/index.php?topic=5104674.msg49524058#msg49524058
https://bitcointalk.org/index.php?topic=5104674.msg49526885#msg49526885

2. What kind of predictions are you talking about?
Everything in gambling is prediction only [even when you roll a dice, the probability you choose (i.e.; under or over xx.xx number) is also a prediction only]. It's not idea, but your skills in a specific niche makes you win your bets and I never said that gambling had been easy money for me, but rather a tough experience that was full of rough decisions and hard money making through point to point odds. Don't take this thing so lightly, but you should rather do it for fun only and gain as much experience as you can with the only money you can afford to lose.

Sportsbetting had been a very favorable niche which earned me fortunes sometimes, that's because it depends more on analysis and less on luck if you really have a strong hold of it. I also had experiences with dice and casino games, but I lost more in them than sportsbetting as my knowledge about players and the game I used to bet in, is what helped me get even 8x on many bets I made. The specific sport in which I conquered most bets was Tennis. It also depends on your strategy whether you stick to one or continue changing it over time as change is needed with time and who doesn't change, doesn't win in the longer run.

 

It was all too speculative that most of the people were misled and their greed levels got boosted when they saw something going 4x from a price ($5k) most investors already called to be extreme.


It's usual that you will get biased decisions as well as biased opinions over this as it is currently stuck at a point which is either going to complete the long awaited break out of the flag it is creating since its ATH or continue its downtrend and go below those levels you mentioned.



I'm not endorsing but just an opinion of myself as I follow them personally: Check out https://blockchainwhispers.com and may you find answers to all your questions related to Bitcoin trading.

Salute your planning that when people like us were struggling hard on deciding what to do, you just kept it low on your mind and dedicated yourself towards positively gaining more and more BTC for less. Just curious (if you don't have any objections to disclose) what values did you gain your coins exactly for? I mean, can you tabulate it in 2 columns showing Month name on one side and price you bought BTC0.1 for in that month on the other. Congratulations on your wise decision, just hodl and don't gamble away your coins even if you see opportunities as it took a lot of time to gain this level.

It worked, but I'd suggest a few more things to be added to it: Balance of that smart contract, should also fetch name of project (if attached) for which the smart contract was created, as well as the category in which the project comes in. It'd also be more good if you could add an extra column below with all this information put up simple instead of coded style.

Even if not telling about it, the user will surely be robbed by having it on their wrist as once this comes out, those who're in the muse of fetching it all away from the user will become alert and do whatever they can (at their local premises only as they already know about the watch now) to rob you and suck out even the last drop of your whole crypto savings. I believe there is one project where the devs are developing something like a chip that can be installed in our hand and we can use our wallet through our eyes being scanned and what not. If that becomes possible, I don't see any reason as to why people would go for such things that could be life-threatening to them.

Shouldn't this debate be over the speed of processing transactions instead of mining income? Even if miners stop to mine, it will stabilize and even reduce the difficulty gradually which will give voluntary users a chance to keep the network secure. What I believe is the network will still remain secure (except a possible 51% attack which depends on the then number of miners and the hashrate).

2 things scare me for such times:
- Will the transactions still process the way they are processing currently? As the deduction in the difficulty ratio when miners back off will surely lead to gradual speed reduction in terms of processing individual transactions of same or higher block sizes (if a blocksize increase proposed till that time gets accepted).
- Will we see those price hikes in transaction fees too just like we witnessed during 2018? Will we need to pay very large transaction fees like $100 to get even $10 worth of BTC transacted?

I think the "adoption" crypto started to gain was mostly for "investors" who have had been mostly men, and women are least when it comes to investment category compared to men in number as they put their money where their mouth is. I'm not saying that all women are hodling their coins, but most of them (who are involved in crypto and have good knowledge about it) do as it's obvious if they"invested" in BTC for profits and must be knowing that making money takes time in any case.


Dude, Bitcoin is too much volatile compared to those fiat currencies and you are risking your money while buying and keeping (here: holding) it. We don't feel the difference in fiat currencies' fluctuations because they don't affect your entire capital and you can't really gain such promising returns you get through Bitcoins' trading and even vice-versa could happen.