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241  Economy / Speculation / Re: Are You Concerned On Sudden Rise of Bitcoin? on: November 01, 2019, 01:50:43 AM


Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.

Is my concern really valid in the face of this ongoing development?


Sudden pump and dump is usual thing in crypto because it's decentralized and the whales is in every exchanges. So if they make a move the market will shaking.
The speciality of crypto is the volatility and i think it won't make something bad for crypto because that's the nature of crypto. and after reaching the resistance on recent pump, the price looks like stable on 9k+ and i think it will ready to the next pump.
The old users of bitcoin and crypto market are fully aware of this quality of the market i.e it never stays stable. Prices fluctuate so rapid and that is why there is a complete separate market for day trading which totally rely on the volatile nature of crypto currencies. Recent pump is in the favor of bitcoin investors and I am sure the btc price is going to higher level by the end of this year.
242  Economy / Speculation / Re: Don't react to the fluctuations on: October 31, 2019, 06:34:51 PM
We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest  dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.
This seems like the correct path to take but I do not think many are going to follow your advice, the market is truly in an unpredictable state now and while some may regret losing some profits if the market actually begins to go up once again it is better to take that time to look at the market and analyze what it does from now on, this way if this is once again a bull trap then you avoid losing money and in my opinion that is as important as earning profits in the markets.
Avoiding losses is another way of making money. In the world of crypto currencies, there are few coins that all of sudden show huge increase and then are down to zero. We shall be able to get rid of them in their dumps. Though market is kind of unpredictable these days but if we look at price chart of bitcoin, it gives hope of some decent increase in the values of crypto market so we shall buy potential coins now and earn a good amount of profit.
243  Economy / Economics / Re: Are Cryptobanks Future? on: October 31, 2019, 06:10:49 PM
Friends, I have recently read an article on the future of the banking system thanks to proliferation of smart contracts, some countries are already preparing cryptobanking projects, and this should happen  the next few years. Actually the conclusion of the article was that the free financial market - cryptocurrency is the future for the financial system. Do you agree? Is it so positive, or will the state regulation complicate things, but in my opinion it is inevitable for the banking sector, in your opinion?
China will make cryptobank at the future because they have agree for adopting bitcoin as legal transaction, after president of China want to adpt blockhain technology for their transaction I think just waiting few month later China will have bank support with bitcoin and altcoin, I hope many country will allow how china regulation to adopt and legal bitcoin as transaction payment.
I don't think that China will launch their own cryptocurrency bank because I think they will create their own cryptocurrency rather than just a bank. China will launch their own cryptocurrency so they can monitor the transactions of their citizen and of course, it would be centralized so they can control all over their cryptocurrency blockchain.
But it would be much better for China to create simple banks that deal in all sorts of crypto currencies rather than developing their own coin. Bitcoin is already at high price and is the most profitable coin. China shall make her people use bitcoin and put taxes on profits instead of regulating their on coin. They can have exchanges which will keep all transactions history. People need decentralized crypto.
244  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: October 31, 2019, 11:37:09 AM
Only to pay electricity bill because there are site in my country that can help people to buy digital product like pay electricity bill, telephone, water, and etc with crypto. But since my government make regulation that only fiat which  can be used as payment, they closed it. But if the question if i used crypto for real life use, i will say yes. Because in past it really help me who don't have bank account yet.
I am strongly convinced that in the near future crypto currencies will be used everywhere and for paying any sort of bills. If there were websites helping people to pay bills in cryptos, this means it is not impossible or difficult at all to use crypto in daily life like we use fiat. We simply need to spread education related to benefits of dealing in bitcoin so that government make it legal.
245  Economy / Speculation / Re: BTC 20,000 USD by the year end. on: October 30, 2019, 08:05:13 PM
Bitcoin have more the 20k USD potential on further years, But we don't predict it will reach on end of the years. Because still is not a cross the 10k USD so peoples are think it will reach 13k USD on this year. Already it was cross the 12k USD one month before so everyone believe the Bitcoin potential. Automatically Bitcoin will raise on further years so we can't predict the future value.
There is no doubt in this that bitcoin is showing signals of touching 15k by the end of 2019 or maybe its increase his price in a week or in a month because bitcoin is now considered a highly trusted coin around the world. as far as new year is concerned, that would be glorious for bitcoin and its users. Bitcoin has maximum potential of producing profits than any other kind of coin whether it is decentralized. The future decades belong bitcoin and crypto market on the whole.
246  Economy / Speculation / Re: Where will this fluctuation end ? on: October 30, 2019, 07:58:21 PM
the fluctuation never end because halving comming . i predict that price bitcoin will rise up 20000 usd per btc before halving; price can stable above 13000 after some wreks or some days .
this recent move will not stop i think till another high price of bitcoin in history
The fluctuation of btc price really starts from the beginning. Good sign this time price of bitcoin is moving sideways. This could possibly happen the price surge when there is halving so this time it is good to accumulate some btc.
in latest fluctuations, bitcoin is showing increase in value overall. Though prices are not stable but giving green signals that bitcoin is about to enter pump phase which is great for investors. This is right time for accumulating bitcoin since market is moving towards moon. There are most of the predictions about bitcoin touching at least 20k in the first quarter of next year.
247  Economy / Economics / Re: What would happen to banks? on: October 30, 2019, 04:50:27 PM
Banks will not disappear but will exist along with cryptocurrency. But at the same time, they will earn much less, because commissions will decrease tenfold. in addition, the state will always support banks and the centralization of money

I doubt it, in the upcoming months, bank will forsee the potential of cryotocurrencies in the future, so they will consider it and would take this as an advantage as added income to their business. Banks are known to be the greedy business, they will not waste this kind of opportunities.
Banks want money. They want sources of generating huge money without paying back much. If banks adopt digital currencies especially bitcoin, they will cash out profits in millions without paying any kind of percentage to customers of the bank. Banks can also offer wallets for bitcoin and earn profits from clients’ bitcoin. Soon banks will be considering this opportunity.
248  Economy / Economics / Re: CASHING OUT YOUR CRYPTO-CURRENCY PROFITS on: October 30, 2019, 04:32:41 PM
indeed there is no harm if I make a withdrawal of the profits obtained from trading but I have to be able to think far because I trade using money capital whereas if I do not increase trading capital then the results I get are very little so that I will not withdraw all of the profit but I will only withdraw 10% -20% of the profit and the rest I use for additional trading capital.
With the passage of time of you are getting profit and are sure that now you are getting expert in trading then you have not to withdraw all of your profit and have to follow the strategy which you mentioned, like you have to continue to trade with even those money which you earn in trade. It will help to have the chance of getting high profit with your high investment. I also started the trade with a smaller amount and when I got the profit from there I continued to trade with all of them and increased my portfolio. Now I withdraw some amount and add the remaining profit to my portfolio.
249  Economy / Gambling discussion / Re: What are your most common superstitions? on: October 28, 2019, 06:33:19 PM
I often gamble but I never ever follow any pattern of any supertitions I known.  Since I know gambling is a game of chance, there is nothing that can affect it or whatsoever.  For me, why would I bother to follow certain superstitius rule, it only beats the fun out of it.  Beside, it only make you look uncool and most of the part crazy.
Probably you gamble just for fun and are not using it as a mainstream source of money so these things do not bother you. But for those who are investing really good money in gambling, they are really conscious about superstitious signs when they are gambling. Gambling is a fun game and I believe everyone shall treat it like that instead of putting all energies into it. Just gamble with small money.
250  Economy / Trading Discussion / Re: How to control your emotions while trading?👨🏼‍💻 on: October 28, 2019, 04:35:27 PM
In my trade and in my investment, I never take action as regards news without me ever verifying the truthfulness of the news first.

Doing your own research is always the best thing to do. Some people don't bother to research on their own and their only mindset when trading is to earn. News just causes people to panic and if we let our emotions affect that news, only the people behind it will benefit. They want to buy at the price they want so they spread fuds with an unreliable resource.

Don't be influenced by the news, I always ignore it, your word is true, they spread fud, but the fact that the news does not occur in the market, I always control emotions when trading, because panic and emotional feelings must be guarded, trading must be with a clear mind and relax .
Actually read on news is good. Sometime when rumor spread, it will affect on bitcoin price. Not only bad news, but good news sometime happen. When good rumor happen, price of bitcoin increased and we can take advantage from it.
Bitcoin is ruling all other crypto currencies and this is the major reason why other teams spread fake news about the downfall of bitcoin. In this way, they are able to reduce their competition by influencing young or new traders who start dumping bitcoin. If all bitcoin supporters stay unaffected by bad news, they will in short time gain huge profits.
Do not blame good or bad news, it all depends on their intelligence in thinking and searching for the truth, especially in bad news that affects traders to panic.
news will train mentally and test intelligence in the minds and maturity of traders so that they are not influenced by any news to find the truth so they don't make wrong decisions.
always learn from mistakes and experience in your knowledge and
doing your own research is always the best thing to do so that no mistakes are made again.
Exactly, it is not the news but the lack of knowledge and trust that should be considered responsible for making blunders. If a trader sells out his coin out of FUDs and rumors, he should only blame himself. Every innovation has supporters and haters. It is individuals choice which groups he chooses to be in. People even doubt bitcoin which has introduced millionaires already. I really don't know what else it needs to do in order to get approval of investors.
This is normal in the world of business or in any market that people spread rumors to put the most popular project down and usually young or new traders fall prey to such rumors. New traders shall not get influenced easily rather they shall always have some mature trader for guidance. I strongly support this idea that old traders shall help new ones because in this way market will grow strong.
251  Economy / Trading Discussion / Re: WILL CRYPTO BOOM AGAIN? on: October 28, 2019, 10:56:19 AM
The BAKKT increase in daily trading which most of there users support and predicted the price of bitcoin market to surge was one the reason behind the sudden surge in the price of bitcoin market but it just a partial trend and it will be working days before we can actually know the trend the market really pose.
Well, I also read the news in the cointelegraph that says that Bakkt's last trade seems to be making a sharp rise in the price of bitcoin. in fact, the highest increase in bitcoin to date has reached 30%, some news that this price increase could reach/exceed the price of $ 10000. I think Bakkt really does affect the price of bitcoin.
Though BAKKT has been launched recently, I guess hardly it is a few months old but this exchange has been observed influencing the prices of bitcoin significantly. If bitcoin is getting affected, it clearly means that rest of the currencies in the crypto market would also be showing increase in the values. The next year is going to be great one for the investors and holders especially the later half will be full of surprises.
252  Alternate cryptocurrencies / Altcoin Discussion / Re: Why lots of people got scam easily on: October 28, 2019, 10:06:10 AM
Lots of people got scam easily because they didn't learn the projects that were followed correctly. They are too lazy to investigate,
research and read the roadmap. Can also get scam easily because tempted by the rewards given, so can not think rational. And
also because of his lack of experience being easy to be fooled. Usually people who have been scam understand how scammers trap
their victims, so they can get away from the scammers trap. So the newbie usually gets scam the most often, because it's easier
to trap a newbie.
The reasons you mentioned are the most common ones and they are basically most crucial things in the world of crypto. The investor who wants to really have something great in return from the world of crypto currencies shall never get tempted to massive rewards shown on exchanges for some new project. Those huge rewards are mentioned there just to gain the attention of public.
253  Alternate cryptocurrencies / Altcoin Discussion / Re: No good projects from a long time on: October 28, 2019, 08:33:40 AM
When you search, you will find good projects, but if you don't, there is every possibility that what you will find are just junks, projects with no concrete problem to solve. The crypto space, Ben in this year, still basso many good projects. Projects that are doing greatly when on exchange and are growing organically.
now many investors are afraid to take part in projects that we often encounter and many get projects that end in fraud. It is true that you submit that it is very difficult to find and get good projects and be able to benefit investors, I am sure in the future there will be improvements that are very expected the investors
There could be significant decrease in the number of scam projects if all the exchanges start developing strict policies and do proper home work before displaying any project for investors. Exchanges are acting as bridge between investors and developing team of any project. So as a mediator they shall take this responsibility on their shoulders. In this way I guarantee crypto market will grow magnificently.
254  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum: 2017 vs 2019 on: October 27, 2019, 06:28:39 PM
I think that Ethereum will begin to move up after the first quarter of 2020. Now many are cautious in anticipation of the transition to Ethereum 2.0. I hope that the transition will be successful, and after that the uptrend will begin.
There are maximum predictions that show positive future of crypto currencies including bitcoin and popular altcoins. There is no one or not even a single person that is not expecting positive phases in the journey of famous crypto currencies. The transition of ethereum has maximum chances to bring new hype in the market, offering people something great that would ultimately increase buyers of ethereum.
255  Economy / Trading Discussion / Re: Should move to BTC? on: October 27, 2019, 02:03:31 AM
I think for the time being you better stay on the coins you have and while waiting for the price of bitcoin to recover because I see bitcoin in early 2020 there will be a halving day which triggers the price of bitcoin to be expensive so wait at the right moment to return the assets to bitcoin again and after that you can make a profit withdrawal.
Would not it be a little bit expensive to buy bitcoin at time when it will be recovered? What is the point in waiting for bitcoin to become expensive and then invest in it. It will not even produce good profits. In order to make money, it is important to buy low and when bitcoin price increase your asset will be also go to high value . If you want to buy at low rates, you do that in dumps like now. I am highly supporting the idea of leaving altcoins and investing in bitcoin.
256  Economy / Trading Discussion / Re: How trade safely without any loss on: October 27, 2019, 01:45:19 AM
trading will definitely have a loss even though the amount of the loss is small, whereas if you don't want to experience a loss when trading then you should be able to hold the assets you have when the price falls and don't let you panic then sell it, you better keep saving until there is recovery price.

Everyone experience lost, just let yourself know it. we are in crypto not all the time we wins there are small and big losses but don't lose hope. if you still interested keep moving. don't convince on FOMO and HYPE people. just believe on your knowledge. also, better to hold on the time needed. learn some strategy too.
It is impossible to have a journey without failure. As they say, a master has faced more failures than a novice has ever tried. These are important to give us lessons. Mistakes and blunders are bitter experiences but they also provide us with rich knowledge. In order to become successful in digital market, choosing right coin and having good knowledge about that coin is very important.
257  Alternate cryptocurrencies / Altcoin Discussion / Re: My Selection of coins, your thoughts? on: October 26, 2019, 06:03:46 PM
Hi All,

i have been buying a little crypto since Sept 2017, not much but some.

I have invested in the following coins and was curious to know what you guys think of my portfolio? Can i get rid of some coins or add?

1) BTC
2) NEO
3) WAVES
4) VET
5) LINK
6) ETN
7) KCS
8 ) UTK
9) DAG
10) XBY
11) REBL

Appreciate your responses.


You can't survive for your obduracy decisions. For long time investment you have to change your decision. Although Bitcoin, Ethereum or Ripple investment is fixed. In your list you can update by Litecoin and Binance coin. New technology and service could control future market.
I like the list. It includes most of good digital coins but in my opinion, these are a way too much. I mean, investing in ten coins simultaneously can be troublesome as one will have to keep track of all of them. At most, one should invest in three altcoins. Better is to go with only one coin and put efforts to make good profits fro that. Bitcoin should be that coin and it is comforting to see at the top of list.
258  Economy / Trading Discussion / Re: Savings Vs Investment? on: October 26, 2019, 05:40:06 PM
I have invested and also saved every month. I have arranged both by looking at my salary and monthly needs so that everything can be more organized. several times at the beginning I was not so able to manage finances between the needs and also investment became chaotic. but once I understand about investing that's where I've gained knowledge about managing finances
It is always a little problematic in the beginning to manage money. The reason is that we are unable to do good estimation of our needs and expenditures. We simply fail to manage rather limit them well. Savings and investments are only possible if someone does not spend his money in fulfilling all desires. It is good to hear that you are doing saving and investment both. I hope the investment is bitcoin.
259  Economy / Trading Discussion / Re: Looks likes ETH is breaking out of BTC pair on: October 26, 2019, 04:38:20 PM
its about time that ETH overtakes bitcoin. its just much more useful. all the DEFI contracts and custom tokens... bitcoin is a rigid dinosaur but brings nothing new to the table.
We have a Ethereum fan here, looks like you made a billion dollars with all the DEFI contracts and custom tokens and a few billions is shared by the scammers  Tongue. If bitcoin is a rigid dinosaur then Ethereum is the scammer free heaven where any stupid could create a token and sell them for money and fool people and what about the network issue they are facing now, Ethereum is called the world computer but the network is congested as shit Tongue.
The transaction fees in bitcoin is really low how is the fees in the ETH network now ?  Tongue.
Ethereum is not a poor digital coin. Though it is not too much profitable but again, it has remain at the top of altcoins since beginning. However, it is not a coin that can be compared with bitcoin. Actually, there is no asset on the face of Earth that can be called as rival or potential enough to beat bitcoin. Bitcoin is the best of the best and it is the whole reason why altcoins like ethereum are still alive.
260  Economy / Trading Discussion / Re: 3 things should not be too in trading on: October 26, 2019, 02:12:42 PM
Trade too much



The trading volume is too large



Know too many methods



1. it depend on situation , sometimes, market movements can change suddenly. u know like some whales make a pump scenario to coins wich low volume, and posiblity we can take some profit from that if we can follow the whale's movements.

2. well, this might have a point

3. totaly agree about this one, sometimes, when u lose , u will think using another method , but with market conditions that are still the same , it doesn't help much.because basically you have used the wrong method when you first take action trading.it actually makes you seem inconsistent.
I also think that whether to trade or not highly depends on the situation. Not only this, if someone has good day trading skills and can make even little profits on daily basis he should go for it. During the peaks of dumps and pumps, trading volume should always be as large as possible. For the last one, I think it would be enough to say that the more you know, the better you will survive.
In my opinion, trading is more or less a matter of asset that trader has invested into and his skill-sets. For instance, the bitcoin holder can trade any time because it is the most volatile coin which means trader has always the opportunity to buy low and sell high. That is how day traders are able to make profits even during dips. But those assets that do not present good difference in value depend on time.
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