Bitcoin Forum
October 31, 2024, 11:11:37 PM *
News: Bitcoin Pumpkin Carving Contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 ... 325 »
2681  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto Market Cap: Will it Bounce Back or Become More Bearish? on: April 27, 2021, 12:39:38 PM
The Crypto Market Capitalization reached $2.272 trillion last week. However, the crypto market stays bearish for more than seven days; will it bounce back, or will it be more bearish.

While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. The crypto further fell on April 18, making a drop to a low of $50,931. However, this generated a very long lower thread, confirming the $51,000 area as support.
Right now bitcoin market is trading near $55k levels which may be followed by most other altcoins and there are possibilities for getting back to $2.2 trillion marketcap for the entire crypto markets as soon as possible. When bitcoin was not doing well it is obvious that we will be sliding down in total marketcap of all crypto markets. Fortunately bitcoin got back to its usual track hence we are going to get $2.5 trillion marketcap very soon.

Definitely crypto marketcap will get back to its higher state but how long it will be taking time is the biggest constraint here because either bitcoin or all other altcoins need to perform well so that we will get higher marketcap; as per my experience either one will be performing well for sure hence there will be significant continuous growth in total marketcap of cryptos always.
2682  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Uniswap (UNI) good for investment? on: April 26, 2021, 08:45:52 PM
Most forums do not have enough information on Uniswap(UNI). Most people only know that Uniswap is a crypto trading platform like Binance, then that's all. Binance(BNB) coin is going up these few months. Does Uniswap(UNI) coin have a chance to go up? Does Uniswap(UNI) worth to invest?
Could anyone tell me? Thx!!
I do like uniswap, it has increased a lot in price, it was around 3-4 dollars when I first saw it (maybe cheaper before that I haven't checked) and I think I could have bought in that price as well, I had some money saved aside for good gems like uni token but I just didn't believe it would be this good, I was wrong.

Now I am looking at it and many people prefer it, the time for centralized exchanges coming to an end, we of course have local exchanges where people turn their fiat into crypto, and crypto into fiat in their bank accounts, those will always exist because we need a method to turn our fiat into crypto, however the idea of crypto to crypto trading became more and more decentralized. I do not know how big uniswap+pancakeswap and all the other DEX became so far, but I think they are getting to beat all the centralized ones step by step.
2683  Alternate cryptocurrencies / Altcoin Discussion / Re: Best alternatives to Metamask, where I can receive any ERC-20 token and ... on: April 26, 2021, 08:13:25 PM
and have a clear access to it like on Metamask.

What are some other similar projects to MetaMask and just as good?
Trustwallet seems to be the most common one, we have a project with few friends and I can say that it is clearly that the best option right now is trustwallet, even better than metamask because it is literally faster and cheaper. You may wonder how can a blockchain related fee could be related to the wallets? I mean think about it, we are talking about wallets here, wallets are just suppose to do whatever you want to do and nothing more, whereas gas fee should be about the blockchain.

However from our project we figured out that unless you configure out by hand, metamask asks more than it should, and pays more than it should to make it pass, whereas trustwallet default ask is much lower, and still passes around the same time anyway. This is of course for BSC and not erc20, I haven't tested on erc20 but I would pick trustwallet over metamask.
2684  Economy / Economics / Re: Do you believe history repeat itself? Economic wise. on: April 26, 2021, 06:51:04 PM
Yes I think history repeat itself especially in this economy. To be honest I am comparing the current year of 2021 to year 2017 when BTC price also fly to the moon. It almost reach $20K during that time but no it didn't happen. Instead, it goes down and recover after 4 years. I am afraid (sounds funny I guess)  that after this years' pump, price will go down too and we will have to wait again for a couple of years for BTC price to recover.
Inflation. It is a common thing in our country because it happens again and again. Sad but this pandemic make it more worst. Everything is so expensive. I hope someday I will notice the repetitive reduction of prices in food, oil, and other majority expenses.
It is not even about crypto anymore, it is about all of economy. The economy gets to a ruin once a decade and as long as things are not properly taxed and regulated for the top wealthy people and companies it is going to keep happening again and again.

We are talking about trillions of dollars all around the world goes missing because super wealthy declines to pay it, and they try to find loopholes around paying taxes which comes down to poor and middle class to end up paying because they can't run away from it.

When that economical collapse happens that means bitcoin goes up as well, that is what keeps bitcoin going, regular fiat going down will end up becoming horrible as well. I am not saying we should be focusing on fiat economy, but that just goes hand in hand with crypto, fiat goes down means bitcoin goes up and when fiat is strong that doesn't help crypto.
2685  Economy / Economics / Re: Could Bitcoin Smash Socialism in Venezuela? on: April 26, 2021, 05:58:09 PM
Tell me, for what reasons did you decide that there is "socialism" in Venezuela? Hugo Chavez headed the Socialist Party, but did not build socialism.
Let me check:
- nationalization of land
- nationalization of all electricity/oil/banks and construction companies
- redistribution of wealth at whim, choosing random houses in visits and giving them to the "poor"
- controlled prices combined with subsidies that make no economic sense

What did I miss from the list?
What was not socialism in ANY of Chavez-Maduro decisions?

This is getting old, every time a socialist country goes down the drain, it wasn't socialist, whenever people see a capitalist country with welfare programs they claim it as socialist, not even funny right now, is disgusting.
You have to realize that there are some of the things you list that happens in any nation in the world, not common of course but it does happen, USA for example is the most capitalist nation in the world yet they do have welfare, nationalized certain lands, had nationalized banks at start but now all private I think?

I am not sure about this one, basically it is amount difference, when you do it tiny bit it is capitalist, when you do it obviously and all around it becomes socialist to some people. I have always said never give example of anything from a dictator run nation, Russia, China, Venezuela, Cuba, all of these nations were said to be communist, what do they have in common?

They were all managed by one man and one party, it is all dictatorship, how would we know if they were communist or not if only one person decided everything? Look at France, Germany, Italy, Norway, Sweden, UK they are all mix nature nations, not fully capitalist not fully communist and it is amazing work they are doing compared to other nations.
2686  Economy / Speculation / Re: Sell your Bitcoins or die - Bitcoin to $5000 soon - Fiat is best alternative on: April 25, 2021, 09:54:45 PM
I am pretty sure it is a troll topic, not a real one. I mean think about a person who has been around for a while, OP created his account in 2017 and he has been around for nearly 3.5 years now and he knows about bitcoin well enough. His last message was on 2018 which is around the time when price started to fall and he just took off, then came back and wrote two messages that's it, created two topics and left again; which shows me that there is a big chance it is full off trolling and nothing serious.

Nobody in their right mind would assume fiat is a good alternative to any investment. I would understand selling bitcoins and buying gold, I would understand selling bitcoins and going to stocks, I would even understand selling your bitcoins and getting involved with forex, I would not do any of them but at least they are investments, fiat is just.. nothing, it is totally useless investment that goes down every single day.
2687  Economy / Speculation / Re: What Could Have Caused Bitcoin to Flash Crash On Sunday? on: April 25, 2021, 08:59:48 PM
Quite an interesting addition, to be honest I did not know about the change in tax rates! In the presence of such a factor, it becomes logical to "drain bitcoin", and in fact fix tax deductions so as not to lose on taxes in the near future. Moreover, in numerical terms, the rebound was just recorded at the border of about 15%, and the price does not fall below, so as not to "cross the line" where the losses due to the fall in the exchange rate will exceed the losses from the growth of tax deductions.
Oh hello Dr.Beer! This is Beer Lover here! Cheesy.  I do think that was the biggest reason, take your bitcoins out, turn them into cash, take out your profit, put the capital back in and pay the taxes on your profit if you want to and move on. This way they are saving a lot of money from the new tax when it comes, what better reason there could be?

And let's remember USA may not be the number one nation with crypto population right now (or maybe, I really don't know) but they are a very wealthy nation, they have most of the billionaires and they have the biggest companies, so there must be a lot of known and unknown crypto investors who will have to pay huge sums of tax, even at the current level, with the new tax hike, it will cause even more, nearly half of your profit after the first million goes to tax. Which is why it makes sense to cash out. Wish they didn't, wish the rich paid their fair share, but let's be honest if I made over a million dollars profit, I would be doing the same as well.
2688  Economy / Speculation / Re: bitcoin price end of year? on: April 25, 2021, 08:30:34 PM
i believe even if bitcoin drops a bit in a month, bitcoin will still hit 100k by end of year! let me know what you guys think
It could be possible for bitcoin to hit $100k by the end of the year. But before bitcoin go to that price, we might see many corrections will happen every month, so we need to be careful and prepare to buy bitcoin at a low price. But at this moment, we need to have the patience to wait for a while as bitcoin price now is not increasing so high and could get down for more. But we should be happy to see this year many companies will invest in bitcoin to boost bitcoin adoptions growth.
I think that is a big of a task for many people, specially people like me. I mean I would love to buy at the low price and sell at the high price before it crashes and buy again after the crash and keep doing this until the 100k price. However I know myself, I will end up putting money at the top and selling at the low, end up losing money while everyone is making a profit.

I have tried trading, still do trade with small amounts (unimportant, tiny, like 100$ or so) and I can tell that I rarely ever make a profit from it. This is why I think it is obvious for someone like me to  just buy and hold, that way I can make 2x very easily without working or doing anything, just let it be. This works even if we are wrong, even if price doesn't go to 100k this year, it eventually will go there, all I have to do is... nothing, I literally have to do nothing, just wait and it will be there one day.
2689  Economy / Speculation / Re: What Could Have Caused Bitcoin to Flash Crash On Sunday? on: April 24, 2021, 09:01:43 PM
Already in many sources they explain:
1. Power outages in the Chinese province of Xinjiang, which led to the loss of many industrial miners from the network, began on Friday, but this effect fully manifested itself later.
2. At the same time, there were still unconfirmed rumors that US regulators may start an investigation into unnamed large financial institutions for money laundering in cryptocurrencies. This led to a panic in the market and a massive liquidation of positions on the exchanges. Bitcoin was above $ 62,000 on Saturday morning, and set a local low of about $ 51,500 early on Sunday morning.
Do not forget that the higher taxes (much higher) on the rich also became a problem for the crpto people who sold and profited right away so they can pay the current tax rate on their income before the new tax rate comes. If you profit from crypto right now you pay %30 tax rate and if you do it after the new tax comes in that is 43% that is a lot of difference.

Considering this works for 1+ million dollar profits, that means that many very rich people realized their profits now so that they can reenter later on with whatever they want or maybe not even reentered the market. That is a reasonable approach, if I had that much money I would have done the same but I believe I will never own 1+ million dollars in my life, unless something shocking happens it is not going to happen. This is why I think it is obvious that this played a role, not saying that was the whole thing, but it was one part of it.
2690  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Cryptocurrency trading on: April 22, 2021, 07:09:05 PM
I want to enter cryptocurrency trading
I have no experience, what cryptocurrency to buy with $ 1,000.
Without any doubts, they should go only with bitcoin investments; yes you must invest all your $1000 only with bitcoin because when you are not having any experience and knowledge about crypto trading then you should go for investing rather than struggling with trading. Cryptocurrency trading is something you could not imagine because it will wipe out all your $1000 in matter of minutes. So, always try to secure your capital first and then you will easily get chances two multiply it.

If you're ready to hold your $1000 worth of bitcoin for next 4 years then definitely you will find your money worthing $10k for sure. I am just speculating from what they have experienced in last eight years. I mean anything could happen but the chances for what I have mentioned is having more than 90% chances to happen in real life.
2691  Economy / Speculation / Re: Bitcoin will never go below $50,000 again on: April 22, 2021, 06:47:13 PM
With the quick bounce few days ago when flash crash happened I think it's not possible to go below that price. And if that happens, many buyers are prepared to buy at those prices. We saw from the quick crash a few days ago that it quickly bounce when it hit $50k. If bears manage to break that price then it is really a good opportunity for some people to enter the crypto space. I have some backup stablecoins so I am prepared if that will really happen. That is the perfect time to buy some cheap altcoins.
Never say "not possible" in bitcoin world, whatever you think that is impossible would definitely become more than possible very easily. Bitcoin was 20k at some point and dropped as much as 3k, that means it could very well be 8k by the same logic. I am not saying it will be 8k, I think it will probably stay above 20k if you ask me however I wouldn't be shocked about anything under 20k neither, I wouldn't be shocked about under 5k neither, this is bitcoin we could become 150k+ or we could become 5k and both of which would be possible in my mind.

It is really harder to reach 5k nowadays, it would have to crash like 95% or something for that to happen and I am sure that will not happen, however even with that rare chance of it, I would still say it could happen. This is 5k I am talking about, think how possible it is to drop just few more thousand dollars.
2692  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Coins to be the hottest to get on today? on: April 22, 2021, 05:09:48 PM
you will see it in each graph from " ETH to ADA" they're showing unstable growth rate which is in my opinion a good opportunity to jump in while not constantly growing well, because you know what will be the next step.. its either will stop and hold on the ATH or will exceed more...
I guess Ada may start its another round of rally at any time soon. Because after ATH, for long period of time, it is struggling with price range and might be lagging with big investors. When periodic pumpers get into ada this time, I guess more firework will be possible which means it may test 5k satoshi as a new ATH. Planning up between ETH and Ada may benefit even in short term.

Just imagine if this situation really going to be worse, perhaps at the first fluctuation in the market.. For sure they are now at the strong resistance in my own opinion..
I guess we had similar correction within this years for more than 2 times if my memory serves me exactly. So, nothing to worry bitcoin markets and then altcoin markets will bounce back from the current scenarios and making use of current dips will definitely get us easy and quick profits.
2693  Economy / Trading Discussion / Re: Does that mean trading is more popular than social media now? on: April 22, 2021, 04:06:54 PM
It's rather absurd to make such judgements just because of a one time position on the ranks. There's no way possible trading would become more popular than social media, at least not yet. You'd need to understand that only a smal percentage of world's population are into trading while over half the world's population have one or two social media accounts.
i don't think so, even for a given period of time, crypto trading apps topped other social media apps, that's it. We cannot be sure what is going to happen next but as per stats we are concluding like that.

Even very small percentage of world population is using crypto, I guess at some stage that social media platforms might get saturated and then we cannot expect same kind of activities to be happening all the times whereas something which is assuring easy money making might attract more people and I guess this is kind of situation is happening right now for crypto apps.

What caused that is just because of the recent surge in the price of bitcoin and other crypto. They are only downloading those trading apps because of FOMO. I tell you, there's nothing more
You already stated enough reasons for backing up the subject of this topic. That FOMO may get intensified more in coming weeks hence this trend may persist for some more time as well. So, nothing wrong to assume about the popularity of crypto apps over social media apps, at least in short term.
2694  Economy / Trading Discussion / Re: my trading is a fail help me, thanks on: April 22, 2021, 03:25:55 PM
its handy if we can forumulate back up strategy and replace the old one when its expired  . single strat cant work forever because all are gonna depend on it and no one will ever loose a trade . there will be no balanced , its amazing how everything worked  .
But the catch here is, you need to be skilled enough to figure out that your strategy is about to expire or already expired with your one trade itself. But, mostly people will come to a conclusion only after 5 to 7 failed trades because they made money with same strategy and failing occasionally do happen with all strategies. So, having multiple tested strategy at a time and trading based on one on round basis may solve the problem temporarily.

When we have multiple strategy I guess you can cope up against expired strategy rather than suddenly got stuck. Professional traders are known for switching strategy within a day because based on market volatility we must need one specif strategy for a particular day.
2695  Economy / Trading Discussion / Re: HOLDING VS TAKING PROFITS DURING BULL RUN on: April 22, 2021, 09:52:46 AM
You say you buy every deep and hold. How this is different from holding (because you say your strategy is better than "holding or taking profit")? If you sell and rebuy with lower price, then this is different.
Taking profits is the end (unless for not all 100%); you cannot hold further. It means you need to buy back at cheaper price levels. The best strategy we need to adopt must be holding and making use of dips to buy more and spending only what we need life's important things. I consider here all the regrets what usually do after spending and bitcoin test another milestone.
If you believe that bitcoin is going to test million dollar levels in coming years then you must plan up your profit taking strategy accordingly so that you may avoid future regrets.
2696  Economy / Trading Discussion / Re: If you had 4,000.00 USD, what would you invest in? on: April 21, 2021, 09:18:18 PM
2. I'm not asking you to tell me which crypto to invest in, just curious what your opinion is.
So what answers do you really expect? We cannot offer what choice of crypto we can suggest but we should tell where we should put it?  Roll Eyes
If I have that amount I would put it with ____ and wait until it pumps. See, that's difficult to answer.

Anyway, I'll look into altcoins (NFT, DeFi) that are cheap if I have the amount since Bitcoin had been expensive and it may take long before it will be dumped again, or not.
I think you could try something like "If I had something like that I would diversify it and put it on many things in crypto and many things outside of crypto" and that would make sense, you are not giving any names, like saying "I will buy a house" and that doesn't say which house. I personally would be super rich if I had 4 million dollars, in my nation that's so much that I could live a very luxury life and still would not have to make more profit, like 4 millions do not need to be invested and go bigger if I want to live with that forever, I could just live with it without earning 1 more profit.

However just to make sure I will probably buy a business building, those do worth a lot here, usually they are like 4 stories tall or maybe 3 to 5 in some places but 3 story is too small and 5 is usually too expensive. I will get a 4 story tall one and probably a very modern looking one, get the inside done very professionally (not the items but the buildings inside) and just rent that out to companies, that would yield at least 20k per month easily, and I can live with that without spending any other dime, I could get like maybe 2 of these, that means I could actually get super rich.

I know it is not crypto related but why must it be crypto related, then I could use the income to buy more crypto anyway because I will make more than I could spend, I am not making 20k in a year now so making that in a month will allow me to go back into crypto.
2697  Economy / Speculation / Re: Bitcoin price has reached new high price near 59K on: April 21, 2021, 08:53:27 PM
I have no problems if that is your style however the bitcoin dominance is important to me because that indicates where we are in the market cycle, altcoins are now moving at a higher speed than bitcoin which means that speculators are now in control of the market, this has the consequence of having an increase in the volatility of bitcoin and altcoins and that now the market is behaving a little bit more irrational, which is exactly what we are seeing with the flash crash we saw a few days ago.
Probably you are right but you cannot predict the future just by tracking where the money flow into. I mean bitcoin dominance may get you some idea of where the new investors are heading to. But, if you take one decisions when bitcoin dominance is around 50% and when you take another decision when bitcoin dominance will be 60%, both do not need to be right as at any time future investors might change their investment options. So, not taking any financial decisions based on one or two factors is highly recommended.
2698  Economy / Speculation / Re: Bitcoin ATH - those responsible. on: April 21, 2021, 08:32:09 PM
The long-term holders have a big contribution as well. If all long-term holders sell their Bitcoin, I think the rice of Bitcoin probably suddenly drops in the market because of the increase of the supply. Well, all the parties basically contribute to support the Bitcoin ATH.
In my perspective only long-term holders are having big role in building new ATHs; buyers and sellers are having their own reasons to do so but whenever there will be less number of sell orders then we will have huge rally which will end up in setting up new ATH. So, the role of long-term holders must be vital. If we need to thank shorters are providing liquidity then we must treat in the same way for longers as well.
There is a good amount of miners who are making money right now. The "base" income for all miners is daily 50 million dollars, if they keep selling 50 million dollars per day every day, that will drop the price for sure, if they keep some of that it will not impact. Obviously the crypto world is much bigger than just 50 million dollars and we can recover that, but it is still a good chunk of money, put the transfer fee's on top of that and they might be making a huge amount of money per day.

This is why I think it is quite important to realize if they are selling right now or not, if you have 80+ million dollar sell pressure from miners, it is going to  take 80+ million dollars just to break even that day. Which is why I know that whales matter a lot, but miners matter even more as well if you ask me, what they do decides what the market will do.
2699  Economy / Speculation / Re: small price correction after this bullrun on: April 21, 2021, 07:42:41 PM
The problem is nobody knows what is going to happen next that's why we'll have to be smart in determining the market direction. The market makers might choose to do it thing without considering the reaction of her buyers or sellers.

We should not be too greedy with our assets cos with might be seeing it Rosy now and later on turned against us.
This is a fact for small retail investor but not for an institutional investors that holding huge percentage of the token. Crypto market can be manipulated due to the current liquidity volume and to shake off position on the future trading. This is the number one problem of crypto, the price can be easily overturn by some news or events due to unregulated exchange which producing unverified transactions.
That type of shake happens all the time in order to make countless times more money than normally can. You see a lot of people shorting bitcoin? You buy few hundreds of millions of dollars worth and before that you long bitcoin x100+ leverage and make a ton of money from that increase. You see a lot of longs and borrowers? You sell those coins and drop the price and make money from all the people who longed as well.

Basically you can make money on any direction if you have enough money, the shorters and longers are public information and you can find them if you know where to look at and if they get too much you will have a chance to manipulate the market. Obviously you need to be super rich to do this, but if you have enough money you could make enough money to profit from this. Nobody can say that it will not be difficult, it will be hard, but it can be done if you are rich enough.
2700  Economy / Speculation / Re: Don’t Panic V on: April 21, 2021, 07:09:08 PM
8:00am in Asia came in the green and continued slightly up til 8:00am Europe came in selling.  There was a green candle in there but when 8:00am EST came, traders started selling again.

I’m not really sure if each 8am open from different time zones represents the sentiment of the market in exactly that part of the world rn but it’s fun looking at it that way.


That's actually a quite good graphic. Better than most others I have seen, most basically trade on what "should" happen and you have shown us something that is basically the sentiment of the markets and that matters a lot. Asia liked it, so they bought it, increased it, europe saw that, sold from the top when they saw it, then started to buy back from cheaper, then USA came in and sold the peak of EU and that is about it.

I think that is a good thing to see and you can make calculations based on that. Buy after USA drops it, sell when Asia increases it, buy when Europe drops it, and sell when EU peaks it, and buy back again when USA drops it. If this works, and if it is like that for real, people could repeat this and make money. Of course this was just one day, but I am sure someone can make a crawler that can check what happens depending on hours and see the larger results.
Pages: « 1 ... 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 [135] 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 ... 325 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!