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2761  Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin or Ethereum: Which is the Future Cryptocurrency on: July 09, 2018, 09:40:58 PM
I used to assume before now that bitcoin is the all and all of crypto, maybe because discovered bitcoin before other cryptos like ethereum. But over time, that assumption is at the verge of being reversed. This is because i now discovered that apart from being a means of exchange, ethereum also has the power of smart contract. Which do you think is better and has great future?

I would say that both Bitcoin and Ethereum have good futures ahead of them. For Bitcoin, being the pioneer and most valuable coin in the market for years and years now have contributed to its image as the most trusted and sell-able coin in the business. Its good price point coupled with a rather active marketability would surely help it gain more and more value in the future. On the other hand, Ethereum is one of those uprising coins that is showing very good promise and movement, although it has its own downfalls, it still is going on a good track to increase its value.
2762  Economy / Economics / Re: when you sell out of panic, you are contributing to the dump! on: July 09, 2018, 09:30:30 PM
Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that  when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!

I would say that, in some ways, yes, panic selling can be a contributor to dump because it's not helping the whichever coin increase in value because, most of the time, people sell it in such a low price margin that the people who will buy it will get it for a bargain. Those kinds of deals will not help the coin re-up its selling value because it will just transfer hands without contributing anything to its market value. Since there is no contributed movement in value, whatever transaction that happened won't be significant to help the coin gain momentum to get some of its lost value back.
2763  Economy / Trading Discussion / Re: Big gains come with big losses on: July 09, 2018, 09:09:33 PM
To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time.  I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300.  This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.

I agree, and that is especially true in this market. It's not a new thing anymore that before you get wins, you get losses and lots of it. I say that because the market is becoming especially difficult nowadays to succeed in; it's not impossible, but just difficult due to certain factors that keep affects the values and price point of the coins, plus how they unfold as well. However, if one is truly a serious investor or trader, no matter how many losses you encounter, you would not lose hope and keep at it. Just be patient mate!
2764  Economy / Trading Discussion / Re: Short term vs. Long term investments on: July 09, 2018, 06:19:55 PM
I am bitcoin investor starting at q1 2014 and hold for long term is really worked for me. Short term investment will only work when the market condition at very bullish condition. For market like this we need long term vision and really be very carefull when we want to put our money on some project. But if this year we can comeback to $10k per bitcoin then short term investment will worked too. Long term for me is 4 years and short term is 6 month at least.

I think that's the same situation for most people in this market. Since many coins, especially those who invest in Bitcoin and Ethereum and other big-valued coins, it's more of a common thing for everyone to do long term ventures and investments because the market dictates that to be the more suitable and smart kind of investment. Short term investment nowadays are more of a "luck" kind of investment these days due to the prevailing slow gain of the market, which affects many of the coins that are commonly investment upon by most people.
2765  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the price of ethereum dependent on bitcoin? on: July 09, 2018, 06:09:44 PM
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

I wouldn't say directly; however, I would say that Bitcoin affects the trends and movements of many coins in the market simply because of its powerful value and marketability. How it moves, being the pioneer coin, somehow affects how other coins move as well. Since cryptocurrencies are not affected by how traditional currencies increase or decrease in value, it shows that every movement, news and changes that is happening all around the market has an indirect effect on the values of coins and the trends that affects them. And so, it's not new to see how Bitcoin affects the price of Ethereum.
2766  Economy / Economics / Re: Is it true that bitcoin immune from hacking & fraud ?? on: July 09, 2018, 05:59:39 PM
Consider the value of bitcoin,it has made exchanges prime targets for hacking, and thus has made hacks there quite lucrative..
I mean the anonymity and irrevocability associated with bitcoin transactions means that the money lost is also irrecoverable, CMIIW..

I wouldn't say immune. Although one might say that it is secure and private at best. I wouldn't say that it's secure because there are other means that could threaten the safety of one's coins or holdings. One of the usually exploited means is with the storage system or e-wallets, which are commonly subject to either hacking or bogus schemes like fake airdrops that only aim to get one's e-wallet password, which have already victimized many people in this market.
2767  Bitcoin / Bitcoin Discussion / Re: Why is China giving importance to Blockchain? on: July 09, 2018, 05:47:06 PM
China does not have any desire to pass up a great opportunity for any huge innovation incline, as they put huge in man-made artificial intelligence/machine learning since it is an undeniable wagered on the future and a moderately low hanging organic product. Blockchain technology saw its first official mention in China in 2016. In addition, Blockchain is seen to be one of the key innovations that could help China to lead in the digital economy.

I agree. China is always on the look out and is always running after innovative technology that can help their market gain more strength and leverage against other market systems like that of the United States, the United Kingdom and other big economy counters that might threaten their power and economy. Blockchain technology is one of those so-called technologies, which I think is the reason why, at one point, China has banned anything related ventures related to other cryptocurrencies except those originating in their country so that their own cryptocurrencies would have a head start.
2768  Economy / Trading Discussion / Re: Day trade is more a lucky thing or skill on: July 09, 2018, 05:37:33 PM
I'm not sure if I have time to play with charts and trade a lot, like I have seen some youtubers doing.
They make you really believe that is more like a skill and if you are good at it, it works.
My friend told me that is just about how lucky you are, and not a skill.
So, should I stick with holding or playing day trade is a better option?

I would say a bit of both. Although skill, in terms of preparation, knowledge and experience, plays a bigger part in how trades would unfold. It won't hurt to have a bit of luck as well. I say that because I think that anything that is imbued or blessed with luck. There are times that even though everything would go down south, but with some twist of fate would become something good, and that's how luck works. However, it's not also a good thing if you would just try to wing everything without some sort of a calculated move that is part of your act as to why you went for that move. I think that's just too risky.
2769  Other / Archival / Re: So many Bounties-Which one is trusted? on: July 06, 2018, 09:52:16 AM
I have checked the latest active bounties on bountylord.com and found many of them but only few are rated as 3 or 4 so any of you here working for any of those bounties listed there and found it trusted source of earning stakes/tokens/coins... I want to do the twitter campaign...

For me, I usually check about four to five factors or criteria that help me determine which bounty program to enroll in and be committed to. You're right, there are so many bounty program these days that it's just so hard to choose and discern which one of them has better chances of making it big and going over the many bounties that are destined to die out without reaching anything. I check for the concept or product, I choose one that it new, if not, a big improvement from its predecessors. Another is the team behind it, specifically the development and management team, if I see that they are trustworthy, then that's a good sign.
2770  Economy / Economics / Re: Bitcoin and Economy on: July 06, 2018, 09:42:38 AM
We all know that the development of a certain country comes from the taxes of its citizens, and we all know people who engage bitcoin don't pay taxes to the government, what will happen to a country where 80% of its citizens engage in cryptocurrency?

There is a big possibility that this things might happen In the future because bitcoin is growing faster and very known today.



I think it does. The cryptocurrency market, being one of the hottest trade and investment market these days, running behind the real estate and stock market has a very big potential. That potential transcends to so many positive and ground-breaking changes in the market that it helps many local and global economies alike have a better business. The transactions that control the flow of money in the market, and basically helps it gain more circulation helps not only individuals but start-up business to gain more momentum that helps locals business to grow and expand.
2771  Economy / Trading Discussion / Re: Day trade Vs HODL on: July 06, 2018, 09:20:17 AM
What is your recommendation for Crypto trading,  Day trading or HODL
Experience in crypto trading big loser or winner

I choose hodling because it's the safer bet for me. I have a full-time job and other activities to do, therefore, I can't really look closely to the market, which is a requirement somehow of day trading. So, I choose the more passive approach, which is hodling. However, I still try to strategize with my ventures so that even if I would have to wait for some time to see my investment unfold. I would still be sure that I am making the right decision in terms of what investments I am following through.
2772  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: July 05, 2018, 09:40:19 PM
I think it is not realistic to be deaf in the country for every citizen, how much he owns crypto-currencies. Yes, and still recover the tax from it. To be able to collect taxes, the state should control the system itself, where the crypto currency is actually used - and this is not realistic for a single country. Scales are too huge.

It's obviously not possible to control cryptocurrency flows and therefore tax them accordingly, but they can easily track every single dollar/fiat/whatever currency that's collaborating with an exchange, then see how much fiat you spent in a single currency.

When you want to cash out to buy real state or something, you will need records of all of your trades and crypto accounting, so try to keep track of that. I have lost some of my history in trading due dead exchanges and now im worried about that. This has happened to a lot of people and I wonder what they did about it.

I think that there is always that possibility of cryptocurrency transactions being imposed upon with taxes. It's a way for a government to control it, and they have all the power to actually do that . Cryptocurrency transactions are some of the most profitable transactions present today, and a government, which is always in search of business to help them gain more revenue, would surely not pass upon the opportunity to control cryptocurrencies, and one of those ways is through the imposition of taxes.
2773  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining is costly... on: July 05, 2018, 09:31:18 PM
One thing to say mining bitcoin consumes a large amount of electricity and it would take lots of equipment to manned the mining. There should be a development in making the cost of bitcoin lower; given that lower mining cost could yield a higher profit. However, it matters on trading and exchanges.

I think what makes it very costly apart from the electricity it consumes is the amount that you can mine or harvest these days. Before, when the market cap of many coins are not that filled because only a few coins have been mined yet, mining is profitable because you can still get a lot of coins using one or two rigs. However now, it's so difficult because all of the market caps have been mostly reached or near its limit, and so, it has become more and more difficult to mine, and even though you set up multiple rights, the amount of coins you can mine is now way lesser than the running cost you paid to keep the rigs running.
2774  Economy / Trading Discussion / Re: How to handle tough times in cryptocurrency? on: July 05, 2018, 09:20:13 PM
We are indeed the tough times of trading or investment in cryptocurrency. After the ATH of Bitcoin last year, we are now at the stalemate at 10K USD mark for almost 2 weeks and no sign of going up. I was thinking to hold for as long as I can since I believe in crypto.

If you’re at the losing position what is the best thing to do?


Well, for me, I just take a step back and look at the bigger picture. I try to actually see what'st the best move I can do and follow through that. In this market, there is no sense actually sobbing how the market is doing because that's just how it works. The market and many of its coins maybe down for a while, but anytime, you can see it rise and recover. You just have to be ready to seize those opportunities because that's the best thing to do. Also, avoid doing silly actions like panic selling.
2775  Economy / Economics / Re: bitcoin in developing countries on: July 05, 2018, 09:00:23 PM
Bitcoin has a good response in many country. Bitcoin will help those country to overcome their financial crisis and also help to built a strong economic in those countries. In central Africa country like Kenya, Zimbabwe etc taking the benefits from bitcoin through Bitpesa Wink. This app help them in their transaction and in many other thing also. Bitcoin mainly reduce the unemployment issue in those country by providing job in their country people.Bitcoin also provide its mining  help in those country to create their own Bitcoin. With the help of Bitcoin they can buy anything from Internet. Even those thing which are not sold in their country  Smiley

I think cryptocurrencies play a big and major role in helping developing countries improve their economies through transactions that are made by people who are venturing in the market. The good part about it is that even countries that are seemingly not technologically inclined are in the playing field of investing with cryptocurrencies including the above-stated countries. That is really a good development for cryptocurrencies because if people would see how useful the market is for developing countries, then they would believe that it's a really legitimate and profitable one.
2776  Economy / Trading Discussion / Re: Why Do People Dump Their Precious Tokens With Ridiculous Low Price on: July 05, 2018, 08:30:26 PM
As a natural deal in the market, sellers always want to sell high and buyers always want to buy low. But the reverse seem the case with those sellers who dump their Crypto coin or tokens for some very low and ridiculous price. Thus that's not a natural market deal. What really is the reason why people dump? Have they got enough crypto gains that they need no profits no more?

In this market, people usually do that to mitigate their losses, especially when the market is not doing good. Basically, when you see people selling like that , they are "panic selling" because they are feeling that the market won't be able to recuperate and recover, and therefore, they think that their coins will be left valueless, so they are trying to shed them off at the moment they see that they can get some return or at least break-even the capital they used to either buy those coins or an amount equal to what they used to trade for it.
2777  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins BETTER than BITCOIN? on: July 05, 2018, 08:20:18 PM
Is it possible to happen? Altcoins crushing bitcoin in terms of price, trading, etc.? I am just curious about all of your thoughts, so don't hesitate to reply and get yourself justified Smiley

This is for all of us to gain knowledge between ALTCOINS and BITCOIN.

I would say that it depends on the season. I say that because there are times when altcoins are better than Bitcoins in terms of movement and gain in value, therefore, in those times, I would say that altcoins are better than Bitcoins. While there are also times when Bitcoin overpowers altcoins, especially during those moments when it is surging, and it is gaining value in such a staggering phase. However, generally speaking, I would say that Bitcoin is better because of its value, price point and marketability.
2778  Bitcoin / Bitcoin Discussion / Re: Crypto is For Risk Takers on: July 05, 2018, 02:54:17 PM
Crypto is not for the faint and ignorance heart. It is risky and with a little effort in researching and due diligence you will excel in crypto. You will not be unnecessarily afraid you don't sell any FUD and hold when you are in red.

That's right. The cryptocurrency market is just so risky nowadays that it's not fit for people who don't want to take risks with their investments. As they say, it's always part of business to take risks to get bigger returns. It's just that in the cryptocurrency market, you can say that that risk is doubled or even tripled at times due to the unpredictability and the difficulty to read the movement and trends that go around the market. Therefore, each venture is just so easy to go down south if you will not do it thoroughly.
2779  Economy / Trading Discussion / Re: Who believes in HODLING? on: July 05, 2018, 01:19:13 PM
Yes, some of the ICO and alt got big potential in the future, and some really pay attention to advertise their products, I found quite many project that offered a great feature, but of course it need a long time to make profit, nowadays crypto is not only about bitcoin or eth, but there are tons of project that can possibly become big in the future

That's right. It's a strategy to ensure that your coin would be sold in the maximum potential and will get the most profit it can get. However, Hodling is not as easy as it seems. A big factor to be successful in that kind of venture is patience, and unfortunately, not many people have that. I know that it's hard to be patient, and it's easier to succumb to the feeling of panic, especially when the market is not doing good. However, in this market, being patient is always key to make sure that your ventures would be successful.
2780  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you think that Beginners need Technical analysis? on: July 05, 2018, 12:27:50 PM
As new to Crypto, I can say that Technical Analysis is important for not only for investors but also for bigginers becausei it can guide us in analyzing the movement of  the prices of bitcoin, ethereum, litecoin, bitcoincash and other cryptocurrency based on an examination of past price movements.  It uses patterns in market data to identify trends and make predictions which will tell when to invest.


Although I am not sure if a beginner can effectively analyze such information, I would still say that, yes, a beginner needs such technical analysis to guide him or her with whatever venture he or she is trying to enter into. The fact about it is that if one is serious enough to venture in this very treacherous market, then you should have all the information you can use, and you, as an investor or trader, should learn on how to utilize all those information to be able to guide and help you gain the best possible outcome for your ventures. At least that way, you can be sure that you have all the information in your hands to decide which investment to go for.
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