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281  Economy / Trading Discussion / Re: Easy to bring down BTC price? on: September 11, 2018, 04:03:22 PM
Would we ever be able to see (know when) wealthy finance companies working together to buy and sell bitcoin (lower), deliberately throwing money away to lower the price? Add in the $ that's made from shorting the coins (btc & eth shorts have record highs), and they can minimize their losses. No regulation, collectively billions to throw towards the cause, makes for an easy way to manipulate the price downward.

With no regulation (anyone can buy and sell any amount) and the majority of BTC trading volume being worthless (traders and bots running trying to buy and sell enough to make a few bucks), how much selling would it really take to continuously drop the price?

There was a record breaking 10,000 BTC short placed earlier in the week, just before the recent selloff dropped the price. Who knew? The sellers
Taking into account the $ made on the shorting btc and eth, does anyone know what it would take to continuously drive down the price? IMO, I don't think as much $ as people are thinking?  Sad

People who are scared has a huge role also in bringing the price of Bitcoin go down. But I know that those Big people has a plan on making those people go in the market again.
282  Economy / Economics / Re: What will happen if the all countries convert to cryptocurrency? on: September 11, 2018, 03:39:35 PM
Now that more and more countries are starting to go cashless (http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage?


Then those remaining countries that don't use cryptocurrencies will be at a lot of trouble since FIAT will never be accepted anymore. But I know that there will be a solution to that.
283  Bitcoin / Bitcoin Discussion / Re: Leave Crypto? on: September 11, 2018, 11:00:44 AM
After the gloomy days of the BTC in 2018. Some of my friends have left the market because of losses. When entering the market, people need to take risks.  From my friends, I think some of the following will benefit you living in this market:
Psychological control
Questions you should ask
You buy hold coin or you transaction?
These are the two most commonly used methods. However, buying and keeping a coin is the method that suits most people. This is a very simple, fast way of making good money in the top 20, like litecoin, bitcoin, ethereum. Ripple, store somewhere, do not read the news, do not worry about the transaction or the predictions the coin will die of the media. After a few years, they pulled out and sold.
In case you want to trade, the story is quite different, you need to buy on sale. And very simple rules, buy low sell high. As you know it is easier said than done.
Do you have money to invest?
If you do not have a lot of money, start with a small amount of money. Do not use debit card, plug the house. Plug the money into the market. The more likely you will be burnt bags. Only invest the money you have lost.



Yep, people that gambles do not have any room in the community for it is not trading but really only gambling. People like that ought to be in casinos and not trading platforms.
284  Alternate cryptocurrencies / Altcoin Discussion / Re: Without ETF , can expect a huge bull run on: September 10, 2018, 12:43:22 PM
Previous year also we faced a good bull run with out ETF. ETF not related to bull run. but panic people there so if ETF rejects by the sec or postponed they sell their portfolio for even loss.

So i believe  normal market circle and bull run can be expected in next months.

what about your opinions ?

EFT is just a new set of huge news that could actually make a new bull run and a new hype that could let some huge people inside the community and market.
285  Economy / Trading Discussion / Re: Day trading and heavy manipulation on: September 10, 2018, 11:51:25 AM
I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

It is pretty obvious for what the market is going to do by just watching the daily chart. Maybe your are crucially trading every moment the market does something?
286  Alternate cryptocurrencies / Altcoin Discussion / Re: Spreading Wealth to poor areas through bounties. on: September 09, 2018, 10:01:57 AM
Someone is teaching women in Afghanistan how to collect bounties, I believe it's a wonderful thing and  proof of the wealth that can be distributed to people and in ways we hadn't thought possible. I've been thinking about doing something similar and adding airdrops were I live, Medellin, Colombia, specifically for people who don't have much, I'm starting a run trial with someone form the area, and wanted to see if any one had any pointers, or ideas, so far the limitations I've found are language (trying to use google translate), tech availability (looking for close by libraries, and looking to set up as much as I can to be done using a simple smartphone).
Any input would be much appreciated.

But also some of them will burn out if they had something wrong with the bounty they choose. Some people also doesn't believe in easy wealth.
287  Economy / Trading Discussion / Re: Bitmax trading on: September 09, 2018, 08:54:44 AM
Hi,
I had 0.0951 XBT and then I entered 21st August short position with 600xbtusd with 5x laverage and 4th Sept my position was liquidated and my balance was 0.0793 XB. Isnt that strange?
Shouldt I loose almost all ?
I dont understand that  Huh
Thanks, G

It really depends on what leverage did you use. And for only 600XBT? That was too low bro. Aren't you happy because you weren't liquidated?
288  Economy / Economics / Re: Bitcoin Rises Into Philippines Towards Legalization of Crypto Exchange on: September 09, 2018, 08:23:31 AM

Bitcoin prices rose on Wednesday amid reports that the Philippine Securities and Exchange Commission (SEC) is considering allowing crypto currency exchange platforms to operate in the country.

Bitcoin edged up 1.0% to $ 7,353.4 at 11:55 p.m. on the Bitifinex exchange, while Ethereum fell 0.4% to $ 284.69.

Meanwhile, XRP traded at $ 0.33045, down 0.8% in the last 24 hours on Poloniex, while Litecoin rose 1.3% to $ 67.497.

The Manila Times reported that the SEC would work with Bangko Sentral ng Pilipinas, the country's central bank, to arrange exchanges.

Citing SEC Commissioner Ephyro Lius Amatong, the Manila Times reported that the agency is likely to release draft regulations later this month and that they aim to regulate exchanges as a trading platform as soon as possible.

"We see the need to regulate them as a trading platform," Amatong told reporters.

"We have discussed this issue with BSP because BSP is also interested and we are also interested. The discussion ... [involved] supervision of cooperative cooperation on VCE involved in trade, "he said.

In other news, the Japanese Financial Services Agency (FSA) said the country was a currency that was reforming the registration process for crypto exchange.

"The state watchdog has increased the number of questions asked when filtering applications up to about 400 items - up fourfold," the FSA said.

FSA commissioner Toshihide Endo later added that the new regulations were not intended to limit financial innovation in the country, and that supervisors only intended to see the crypto industry "grow under the right regulations."

Even though the price of Bitcoin is dropping none stop it is still a good news for people there since they can freely use Bitcoin anywhere inside the country without any hesitation.
289  Bitcoin / Bitcoin Discussion / Re: Three things you should not do when Bitcoin prices drop! on: September 09, 2018, 08:02:25 AM
Trading or investing in the Crypto market is a psychological battle for yourself. Securities investors often say that investing in traditional markets requires very high disciplinary action. This demonstrates how they will control themselves for the volatility of the market. How can they eliminate the wrong decisions that most people still make and adhere to the strategies they have set.
If traditional markets require discipline, the Crypto market requires resilience and a sense of steel. The Crypto market has tremendous fluctuations in comparison to other markets in the world, in this market the preparation of emotions and keeping a cool head for a trader requires a lot of practice.
Here are the things you need to remember and when you need the best psychology for a Trader to cope with market fluctuations.
Do not try to catch the right market!
If you are really lucky to have a source of money to invest in when the market goes down, it can be a good time to start making money. Many people keep thinking about adjusting the market as a "Flash Sales", and always try to think of getting the bottom right of Bitcoin to make the most profit, but then you will notice the bottom of the day. this is the peak of tomorrow.
When you look at price charts, look at the price of coin straight into the pit, you ask yourself when it will stop the price drop? You are catching yourself to catch the bottom of this rebate. Getting the bottom means you are trying to trade in a bottom of a downtrend trend. It must be emphasized that it is really difficult to get the bottom right in a downward trend, which is just like posting a knife with a high velocity.
If you still insist on capturing the bottom of the rebate, you are missing out on a lot of better earning opportunities. There may be times when the secret is simply "ONLY, ONLY AND ONLY" until you have identified a trend reversal of the market. Many people lose more when they keep their view on having the most profit when they catch the bottom. From time to time, you intend to place orders when thinking that the current price is closer to the bottom of the market than waiting to determine the right trend.
Do not sell your coin when looking at your coin soaring!
Many people have done this, the general psychological tendency of the market. Many stories share the same plot, and each time you see a coin A rising drastically, you start to sell your Coin B and immediately jump into Coin A. The psychological effect is called The FOMO is a normal fear of human psychology but is really dangerous in the Crypto market.
Do not stare at the Chart all day!
Those who have just entered the market, will spend a lot of time to "charting". Looking back, if you are honest with yourself, how much time you wasted. You spend a lot of time learning and learning the knowledge and application, but also spend a lot of time aimlessly to look forever into the computer screen with the red blue.
Sometimes the best thing you can do is to put a little order, walk scattered, trust the strategy you set, and remember "IF YOU DO NOT COME BACK TO YOUR STRATEGY, YOU ARE SURFING IN THE MARKET "

This is absolutely true. I do also do these things when I am not in my self and it always brings me sorrows about my trading, but I already have learned my lessons and try not doing to same things over and over again.
290  Alternate cryptocurrencies / Altcoin Discussion / Re: Where are We heading MOON or Another DUMP on: September 08, 2018, 07:09:54 PM
Hello

There is a report that is going on right.  100 million tether was printed, $100 million of Bitcoin was moved to 3 exchange at the same. What is going on now? Could this lead to a dump or pump?.

All I can see that Bitcoin and other crypto currencies are still going down for now, so I wouldn't want to try to go long at this moment and would wait a perfect timing.
291  Economy / Trading Discussion / Re: Common Errors of Trading on: September 08, 2018, 06:47:39 PM
Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.

1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.

2. Never using a Stop

3. Not having a plan (Risk/Entry/Exit/Stop)

4. Not sticking to your plan

5. Greed — risking too much/not taking profit

6. Being too emotional about a trade.

Plug these equity drains & increase your odds of being profitable.
 You could add to the list and make better trades


All of this statement is correct. But I want to add my personal mistake in trading and that is by trading against the trend. I always lose because of that and I intend to change it.
292  Economy / Economics / Re: ADVANTAGES OF INVESTMENT USING BITCOIN on: September 08, 2018, 06:31:41 PM
1. Advantages of Bitcoin Investment: Bitcoin Security Factors
 Bitcoin is very difficult to fake by other parties. Besides that, every Bitcoin that exists and every transaction made will be recorded on the Blockchain. This makes it possible to know the amount of Bitcoin and transactions that have been made.

2. Excess Investment of Bitcoin: Can Be Used As Savings
Bitcon is a form of savings as well as investment that has a simple and no hassle system. Bitcoin value has the potential to continue to rise from year to year and can be a very profitable investment tool. However, you still have to be aware of the high risk of Bitcoin. Because, it is not impossible you can suffer losses from investments made.

3. Advantages of Bitcoin Investment: Bitcoin is Easy to Use
The ease of use because of its world-recognized and digital nature. When you want to transfer money, you only need a Bitcoin Wallet or Wallet that you can make easily.
4. Advantages of Bitcoin Investment: Pure Bitcoin Value Based on Market Law
Market law reads, when an item / service experiences an increase in demand, while the supply of goods is fixed, the price of goods will increase. Likewise, when the number of bids is higher than the number of requests, the price will decrease.
5. Advantages of Bitcoin Investment: No Party Can Intervene in Bitcoin
The thing you need to understand next is Bitcoin using a decentralized system. This means that there is no party to regulate it, because all parties can participate in the process.
6. Advantages of Bitcoin Investment: Bitcoin is Easy to Carry Easily and Safely
Because it has no form and is a virtual currency, you can carry whatever amount of Bitcoin you have. In addition, you can still feel safe from a potentially disturbing crime during your trip.

7. Advantages of Bitcoin Investment: All you need to do is enter an email address and right away you can get a Bitcoin account. This convenience allows you to have many Bitcoin accounts with different ownership names.
8. Excess of Bitcoin Investment: Secrets to Maintain
The thing that makes your secrets more awake because when you make a Bitcoin address, you don't need to use your real name or residential address.
In this way you can create a Bitcoin account and keep the account owner confidential.

9. Advantages of Bitcoin Investment: You Can Use to Pay Transactions
The last advantage that you can get when investing in Bitcoin is the ease of making payments for every transaction made. Merchants that provide Bitcoin acceptance services have spread throughout Indonesia and the world. However, you must really ensure that the merchant accepts payments using Bitcoin.

Yep, it can really give you a lot of gains without even doing anything if you try to invest in something using Bitcoin, but if Bitcoin went down it would also affect you investments.
293  Bitcoin / Bitcoin Discussion / Re: Let's make more companies to accept bitcoin payment. on: September 08, 2018, 06:06:57 PM
Let's make more companies to accept bitcoin payment.

I have send email to some companies in the UK to ask them to add Bitpay as a payment option.

Let's start an Operation Bitcoin. All of us send emails to companies to ask them to accept bitcoin.  Smiley



I am glad that you could do it for the community to improve it. But I doubt that Bitcoin may be a good thing to make as a payment because it has no stable price.
294  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty hunters hurting themselves? on: September 07, 2018, 08:23:17 AM
It occurred to me today that with the market in this fragile state bounty hunters could end up ruining bounties and having this opportunity closed off to them in the future if the dumping continues as soon as the tokens are released and an exchange begins trading. The coins just cannot handle the dump at this time with the market so low and everyone so timid.  The projects will find a different means of promotion as paying us in their tokens will no longer be an option as it would harm the project to much.  

Thoughts?

Obviously people do join bounties only for them to get some money and they don't usually care about that project and what that future holds. They are just in for the money.
295  Economy / Trading Discussion / Re: Are whales hunting for stop triggers right now on: September 07, 2018, 08:13:06 AM
It looks like the whales pumped up the market earlier last week then dumped with a fake news

They are obviously trying to shake off some of the small and weak traders to get off the market before they want to pump it out and those small and weak traders will eventually get back when things starts to go up.
296  Bitcoin / Bitcoin Discussion / Re: Do we too contribute to price manipulation by storing our bitcoins in exchanges? on: September 07, 2018, 07:48:07 AM
We all have advised these much days others not to store bitcoins in exchanges as they might get hacked.

But is this the only issue we are facing or do we all contribute to price manipulation by storing our bitcoins in exchanges.

So in order to avoid exchanges from using our bitcoins and manipulating price,we should immediately transfer our bitcoins to our wallets.

Unless we are going to trade immediately our bitcoins,we should not store our bitcoins there.

That could not be true. How can they use it if you still can avail it? They wouldn't do that if they know that their exchange will be in a lot of trouble since they can have my profits by getting fees from customers.
297  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH to hold now or not? on: September 06, 2018, 09:39:50 AM
Although the whole market is red, I'm very much afraid of holding ETH now. In my opinion, ETH was fluctuated to its ATH when people were more interested investing in ICO. Nowadays ICO is almost dead. That is why it has less demand. I don't think it will get another ATH soon.
What's your thoughts on it? Should I hold now?

ETH is literally super cheap right now, and I thin it is the best time to buy and hold it for so long and you will end up gaining a lot in the future.
298  Economy / Trading Discussion / Re: Market Analysis on: September 06, 2018, 09:15:11 AM
Bitcoin’s recent movements have given numerous traders hope that this bear market might be over, but there is a reason to believe this might not be the case. With the steep rises which Bitcoin has been engaging in, it is fair to suggest that it will soon be met with a resistance strong enough to cause a full rejection of price, which has been proven with yesterdays dump, but will the price drop even more?

Note that during August, Bitcoin (and other cryptocurrencies) formed an ascending triangle, and while this is generally good activity, the way that September is shaping up suggests that a major fall is about to happen. The positive actions of September are looking like a last minute dash at trying to push Bitcoin into the $8000 range, which sadly, seems unlikely. If resistance toward Bitcoin’s price is strong, it could trigger an ABC correction, leading us into a significant and prolonged fall. Resistance could even be enough to push it down to $5000 or lower, and could therefore temporarily collapse the market.

Sticking directly to the trend line does seem to show a sharp decline is imminent. The historical data reveals that Bitcoin’s current position is extremely similar to its position in 2015, where BTC stuck religiously to its trend line. Bitcoin is also known to stick closer to its trend lines than rivals such as Ethereum, and at the moment the trend lines are not looking good. Bitcoin has always been susceptible to large-scale corrections, less so than most altcoins, but more so than most stocks and other assets.

It is not clear when exactly the correction will take place, but a fair suggestion would be that it could happen within the next seven days.



That would be the dark ages of cryptocurrency since a lot of people will be scared and would end up giving up there holdings and that is the time that whales is going to pump it since those weak people will be out of the market but would be hyped again when it would start to go up tremendously.
299  Economy / Economics / Re: The US Dollar has DEBT and Bitcoin has none on: September 06, 2018, 08:57:42 AM
Bitcoin is the Future: Countries that have flawed currencies are turning towards Bitcoin/ Crypto: FACT
FIAT will fail because it went off the gold standard!
FIAT will implode eventually!
The founder of Bitcoin understood this: He was and is a genius!


That is why their governments will make more FIATs. Where in Bitcoin we can do everything we want in life with it. Just imagine if we can buy a piece of candy for 0.00000001 mBtc?
300  Bitcoin / Bitcoin Discussion / Re: Do you think that the HODL approach is good bitcoin? on: September 06, 2018, 08:42:15 AM
Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

Holding is for investors and not for those who are really trading in short term. People tend to be impatient and when they see the prices goes down they will likely to sell.
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