Keep calm, and have a coffee, said me a trader when lemhan and half financial world collapsed in 2008. He said "Don't follow your ideas, follow the market! Remember that as the world goes, there will always be something to eat ".
Nothing could be more true!
If you are a trader, a real trader, you will make your fortune when the market goes down and others sell! Short all & buy at discount. The sales time is starting
You know that coffee actually increases the blood pressure?  Top traders always do exactly the opposite of what everybody else does.... Somehow I never get to figure what that is  |
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It's simple. This time Bitcoin failed to deliver on its promise. Meaning it's fundamentally different from previous 'corrections'
Finally, after years of being dead in the water and being ignored, actual adoption came to the market.
Then the network actually got some transactions going and utterly failed to deliver. With confirmations taking days at a cost of $50 per transaction!
The dev team has known this scaling problem for almost 10 years and what have they come up with? Nothing!
Yes, only now there is something in the works, lightning network, a system that fundamentally cannot even work and even as a concept completely defeats the entire point of "A Decentralized peer-to-peer Cash." -Satohsi Nakamoto.
A hand full of early adopters and devs sold millions of coins at $15-20k range to y'all bag holders and are now some of the wealthiest people in society. Which was of course the plan all along.
Keep buying that 'dip' guys! LOL
A question. Since you already lost all hope in Bitcoin then while are you still here, discussing? |
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Yeah, I checked it out myself in the end because I was too impatient to wait for a response. a 50% accuracy rate isn't all that great for people to be putting so much faith in to it as a predictor.
$3k-$4k would be in line with the 2014 dip in terms of a percentage fall. In that scenario it took just over a year from top to bottom and a further 2 years to recover. I don't think we'll experience such a long downturn again but if we do it's going to get very painful for many.
Yeah, my thoughts exactly - the only thing pretty much predictable about Bitcoin is that it seems to show a pattern - a same behavior through the year, through different years. However, although I noticed that I was too lazy to check the figures. Thank you for doing the work parrober! |
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I followed your advice and behaved like nothing happened. Both payments received, everything clean here. Well done and thank you again, Lauda.
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You can use mathematics and follow strategies based on them to increase your chance of winning.
However, you have to understand that with every new "hand", your chance of winning it is always exactly the same - with or without mathematics - based on the probability. It's longevity and persistence that can take you there.
That being said - games like Poker are the ones that allow deployment of such strategies with success (why else you would always see the same people on top?), while games like roulette are more based on pure luck..... I will always recommend avoiding them like plague.
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It might dip even by 50% more. What I am more interested is to where will it bounce and - when. The lightning network is announced for the end of the year, hence there has to be something else to turn the tide before that... I am afraid that the usual cyclic behavior of Bitcoin couldn't do the trick on its own anymore.....
However, what I believe even more is that the current situation is actually caused by speculators, big investors, and whales who are dipping the prices in order to buy more and get even richer. I might be wrong, but..... if Bitcoin starts going up for no apparent strong reason (like the reasons it started going down) - it will prove I was correct.
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I think Sweden is much more ahead in getting there than China: https://sweden.se/business/cashless-society/. If I remember correctly they even have a live project - in one of their towns they decided to seize all cash activity and accept only cards and digital money... In our country, we are still far from that and I don't see us getting anywhere near soon. Unfortunately, our Government is still far from reforming the justice, education and health-care system which is something that should by far be the priority. |
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The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else?  Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are. $3,000-4,000. But it's more a matter of time than price. You think? All right. Seems valid. Where do you expect it to bounce after that? |
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Hi everybody,
Lately I am reading a lot of posts asking: is this airdrop a scam? Is that free ICO a scam?
So I am wondering how can something that doesn't cost you a penny be a scam. Sure, they get your email adress and maybe a ETH Adress, but how can you really be scamed with only this informations? I am not talking about airdrops that require kyc registration, that for sure can be dangerous.
Cheers,
This is a valid philosophical question. I already had a similar discussion once, and in this case I think we can call it a scam on the basis of false representation. So, a guy, foreigner, stops me at a parking lot and says he is a fashion designer coming from a nearby fair (there actually happened to be one). However, he had to talk a smaller car and meet with his boss while he was not able to take all the leftovers from the fair with him. Hence he decided to sell them if possible. Blah blah blah..... he offered me two nice shirts, a suit, a belt and two very fine jackets at a ridiculous price. I bought them. Most of it I still wear these days although this happened around 5-6 years ago. However, it was not soon after that I found out those were actually copies made of materials not so resistant as the originals. I wasn't all that surprised, I still felt as a sucker, but I indeed wasn't surprised. He did tell me he was from Emporio Armani and gave me a (false) card. Hence - a scam, false representation, but a deal was still good  |
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The real question here is - how low is enough for serious investors to start buying massively and hence giving a green signal to everybody else? Is it a matter of timing or just price? This experience shows us how centralized cryptos actually are. |
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Is it all that surprising? I've always kept repeating - China wants to regulate, not prohibit ICO's or crypto whatsoever, same is with the rest of the world. Banks also. They know they cannot stop it, but they can adopt it, they would surely want to make it all theirs. They are commercial entities made solely for purpose of creating profit. Governments are too if you think about it (although it shouldn't be their primary or sole purpose.....).
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It is not kicking because currently, nothing is kicking off (maybe some minor coins get a kickstart, but top coins are mostly following Bitcoin) - the market is extremely bearish.
The market is not reacting positively to news, announcements etc. and while there are many announcements for NEO, there is no real development yet.
However, it is to be expected to see the bullish market again in 2018. and NEO could be one of the starts with it's NEP5 protocol.
NEO also has a great staking system. You just keep your tokens in the wallet and you start collecting GAS. You only need to be online in order to claim it.
But what about that neo off switch? Do you know that since NEO came online, he gone offline for some time, what do you say about that? do you think that it's wise then to have a lot in NEO? I am interested in this. Do you know the (at least official) reasons for this? It seems even more normal for something to go off during maintenance in early stages then not, hence I am not worried, but I do want to investigate more, naturally. |
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It is not kicking because currently, nothing is kicking off (maybe some minor coins get a kickstart, but top coins are mostly following Bitcoin) - the market is extremely bearish.
The market is not reacting positively to news, announcements etc. and while there are many announcements for NEO, there is no real development yet.
However, it is to be expected to see the bullish market again in 2018. and NEO could be one of the starts with it's NEP5 protocol.
NEO also has a great staking system. You just keep your tokens in the wallet and you start collecting GAS. You only need to be online in order to claim it.
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So I can only invest small and have put some funds in some cheaper coins. Then there are these more expencive ones. Is there a point of owning 1 or 2 of each or is there just no chance to make any significant profit that way? Sorry if this is a really stupid question, I'm a noob.
It's all in cost-benefit analysis. There is a point in owing 1x of anything that is, or can be, worth more than, say, 100 USD, but anything besides that, and owing too many, is just a nuisance - you have to track more coins, pay more fees for trading the same value etc..... I is always the best idea to build a portfolio, but also not to diversify all too much. |
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Hm, don't hold me for a word, but I guess you should have NEO, IOTA & Cardano in your portfolio.
IOTA and NEO since they should have some new protocols and projects on this year and because of that I expect them to go strongest in the forthcoming bull run, relatively speaking. Cardano, on the other hand, is a momentary strongest very-long-term investment.....
Then I believe you should pick up something outside of top coins list, just for the sake of the speculative strength..... I am a strong supporter of eBitcoin for example, but nevertheless be careful, study it on your own...... Ox looks very interesting......
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In the style of ohter posters, I want to reserve myself this thread, which im sure will be eventually epic. I believe we'll see the $1,000,000 mark around 2030ish, and after that we'll go back to 6 figures, in which people will start creating threads like this one. Then after a while, we will go for all time high, and this thread will be very relevant, until then..
RESERVED.
Don't listen to OP. He doesn't know what he is talking about. He is clearly delusional, just trying to increase the value of his own bags. Baseless shilling I tell you! Bitcoin won't hit $1,000,000 until 2031, everyone knows that. For crying out loud, you've both missed it by a mile. Everyone with little sense knows it will be 2029. |
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Trade wars have an impact on the global economy. It doesn't matter where you live, when the heavyweights of finance (US, Europe and Asia) are involved, you will see an impact on your local economy as well since everything is interconnected nowadays.
Bitcoin is no different, the Bitcoin price is subjected to what happens at the geopolitical table, and since it's a neutral global asset, it should go up. So while we have Trump screwing around with his trade wars, we can benefit by holding Bitcoin and watching the fireworks on the sidelines as countries print more money. We should be going to 100k in the following years as a result. Forget about coffee with Bitcoin, this is where Bitcoin will shine.
It's not just that. While in order to get Bitcoin to 100.000 USD, it should increase 11-12x in value, the same rally would drive some altcoins by 20-50x, and I am talking only about the leading ones, if we would have a lucky shot with some of those that are currently out of top 25...... vow! (I am not mentioning "top 10" but rather "top 25" at the moment as all of those are really solid and the situation in the market is quite different than it was just a few months ago.) |
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Teleport me there to buy some Neo....... hack I would buy everything ))) |
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That's not true. Try to change bitcoin to Fiat. Maybe you know a secret way to change cryptocurrencies bypassing exchanges? All exchanges require documents and money will be very difficult to wash. The cost of exchanging via black exchangers is higher than you will pay a legal income tax. You can launder money through investments in legitimate business.
Very correctly said. In my country, if you have to invest even $10 in bitcoins, you will have to give KYC documents and get it verified in the exchange. Most of the common investors are using it as an investment medium. Some of the influential people however are using loopholes here also but it is no fault of bitcoins. We should try to catch these criminals instead of blaming the medium they are using. Much more money laundering happens in a single day with FIAT money than it was ever "washed" using Bitcoin. Monero might be more susceptible to it with "anonymity" being its killer feature, but I don't see it even topping the usage statistics on Darknet. I sincerely think that Blockchain can actually help in stopping the money laundering. It can stop money laundering? I believe most of the people are using it to do the money laundering. The fact that whole currency works over the blockchain tech is what gives rise to the laundering stuff. I mean at least fiat can be tracked down by some means and then things can be assessed for suspicious activity. In case of bitcoin to whom you will blame and what proofs will you give? We dont generate invoices here with the legal status to them we just create the transaction ID's for them. Nothing makes sense here and using this nonsense most of the people are able to use it over darkweb and for things which are illegal in status. For one - it's easy to track Bitcoin transactions. Fiat not so much, especially because banks can hide some, even from Government agencies, and if you have many of them in the chain....... As second - I didn't say it does, I said it can. You could enforce rules into blockchain and smart contracts in the future that would prevent that from happening. |
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If you are talking about speculation - then maybe, but I don't believe so. You know that experts are predicting 100.000 USD in a matter of a couple of years, right?
But if you are talking about technology - you couldn't be more wrong. Bitcoin is in it's adolescence phase, testing the real life and adopting to scaling problems. Once dealt with ..... the sky of adoption will be the limit.
I'm actually afraid it might happen. Because in business, products have a life cycle wherein it reaches the maturity stage, and soon is decline. But bitcoin is very different from a product. It is not tangible and it will still continue. Wait a minute.... hold your horse.... In which stage do you believe Bitcoin is now? Is is veeeeeeeeeeeeeeeeeeeeeeeeeery far from maturity (was that enough "e"-s to enhance my point) ? |
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