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I don't like CMC or any other similar website. If you are looking to trade or buy to hold you should look at the price in the exchange you are going to buy. These kind of websites give you an average that is not always very accurate considering some exchanges have pretty big disparities in price so it's always better to look at the exchanges individually.
It's not that bad if you want to look at the whole market but the possibility of manipulation is a risk. It already happened when CMC removed the asian markets, don't remember which ones exactly, but that caused the average price to drop, even though the price was still the same and basically created a snowball and made the price tank for real.
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To be honest with you being really addicted to gambling only happens when you have a weak mind. I will admit I did gamble in the past and obviously the possibility of winning a lot of money in 1 spin/click is very tempting, at least at first, once you start losing or when you lose everything the temptation becomes anger. I once earned around 2 bitcoins starting with 0.004 in the past, it was around 1k $ total and then I lost everything. Losing everything didn't make me want to play more, it made me angry and made me realize I was stupid enough to keep playing even after such big winnings.
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Well to be honest, you got scammed by a pretty common and in my opinion shitty tactic. The fact that someone asks you for money to give you money should be a dead giveaway. If something is too good to be true, it probably isn't.
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Yeah they can use USDT but that's just really another cryptocurrency and I certainly do not trust USDT although sometimes I'm forced into using it. I definitely think it's not safe to have a lot of USDT because it can collapse at any moment. Personally if I want to hold fiat for long periods of time I use bitstamp or any other exchange that supports real USD.
I see, about trusting USDT, are you referring to the idea of having one pegged to USDT or do you mean the company backing USDT isn't trustworthy? I know there were lots of discussion about USDT in the start of the year, but seems like nothing bad came from the audit? also isn't there a couple of new various real-world currency pegged crypto? I think so, like DAI is one. although I'm not qualified to say which one is better of anything like that, what is your opinion? Which audit are you talking about? As far as I know they haven't had a real audit yet. https://cointelegraph.com/news/canceled-audit-and-issuance-of-300-mln-new-tokens-whats-going-on-with-tether |
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The chances are far better now than they were 1,2,3 years ago to reach 20k. First of all, we already reached 20k and it was simply due to FOMO, your average joe buying bitcoin at any price because he thought it would go to 1 million. Now that we see nasdaq interested in bitcoin or the new york exchange, the possibility of reaching 20k seems quite possible. The only possible barrier are the upcoming regulations.
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In the end, the fewer people who use bitcoin (or any other cryptocurrency for that matter), the lesser its inherent value is and the fewer applications it will have/will be developed. Luckily, people have all kinds of ideas and everyone is entitled to his/her own opinion, therefore everybody uses/utilizes it as they see fit.
Well, the most important thing is adoption. If you can't buy things with bitcoin, people are not going to use bitcoin. Once global adoption really happens, which will be gradually, then people will use bitcoin much more. Even if they don't, you don't really lose anything for accepting cryptos or any other form of payment. |
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I personally think it is indeed not a good time to buy if you are looking for really short term investments. I think bitcoin will pullback a little before the next bull run, if we have a bull run. Long term however it does look like a good time to buy, really good news about nasdaq and the new york exchange.
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Surely it's better to hold them on your personal paper wallet since it is extremely safe but a lot of people, me included, are not holding coins for a long period of time, I personally trade almost every single day and even when I hold I don't do it for more than a few days or weeks so it is not an option for us to print a paper wallet offline. There are some decentralized exchanges like IDEX but they will never accept USD.
Oh, in such a situation it seems like not keeping on an exchange would be very tedious  not much to do except keeping them on an exchange as you say, maybe a decentralized exchange, but they're not really up to quality yet? Decentralization sounds really good in theory but in practice can be really hard to apply to certain things. There aren't many decentralized exchanges, IDEX being the most famous one, they are, for obvious reasons a bit slower than normal exchanges, also you can't use usd or any fiat currency. Then again most normal exchanges are crap too, cryptos are still in early stages. IDEX basically uses your ethereum wallet so you do have control over your wallet but they are known to be prone to hacks. can't they just list USDT, then the only issue would be getting fiat into crypto initially? or actually is that what you mean? still one barrier to overcome, no easy way to purchase from other people? there is localbitcoins but usually it's above market price + most sellers ask for private info anyway  wonder what the solution will be.. maybe some sort of private smartcontracts Yeah they can use USDT but that's just really another cryptocurrency and I certainly do not trust USDT although sometimes I'm forced into using it. I definitely think it's not safe to have a lot of USDT because it can collapse at any moment. Personally if I want to hold fiat for long periods of time I use bitstamp or any other exchange that supports real USD. |
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Cryptocurrencies are supposed to be used to pay, hence the name ''currencies''. Then again, just like normal currencies, you can hold and speculate with them as well. There are plenty of people that trade eur/usd or usd/jpy, etc. Obviously there is a big difference since anyone in usa, for example, will be using usd daily. Can't say the same about bitcoin.
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Surely it's better to hold them on your personal paper wallet since it is extremely safe but a lot of people, me included, are not holding coins for a long period of time, I personally trade almost every single day and even when I hold I don't do it for more than a few days or weeks so it is not an option for us to print a paper wallet offline. There are some decentralized exchanges like IDEX but they will never accept USD.
Oh, in such a situation it seems like not keeping on an exchange would be very tedious not much to do except keeping them on an exchange as you say, maybe a decentralized exchange, but they're not really up to quality yet? Decentralization sounds really good in theory but in practice can be really hard to apply to certain things. There aren't many decentralized exchanges, IDEX being the most famous one, they are, for obvious reasons a bit slower than normal exchanges, also you can't use usd or any fiat currency. Then again most normal exchanges are crap too, cryptos are still in early stages. IDEX basically uses your ethereum wallet so you do have control over your wallet but they are known to be prone to hacks. |
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and... we're back to low ~$9000 again, we need some really good news to break $10k+ if only Warren Buffet would change his stance on bitcoin  though looking at price movements, it is in the right direction and increasing slowly but surely it is just a matter of time on 'when' we will break $10k and stabilize at that level I think it's just following a tightening pattern on the weekly: https://gyazo.com/96373f2c8c207581b79b4ba5e7284dc1 The higher we maintain the next higher low the more chances for a weekly bull break which pretty much will determine the trend for the rest of the year unless big news happen but so far we have had a lot of good news for long term like Nasdaq considering adding cryptos. |
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I personally think people demonize exchanges and their safety. Holding coins on different exchanges with different passwords is still a better way than holding all the coins in 1 personal wallet on your computer. If a hacker gets access to your computer, he would still not be able to access your coins on any exchange that has a 2fa enabled.
it's very true! I agree with that, that's why I said that for people who aren't very technical-knowing, it's maybe better to leave it at an exchange. however, in my opinion, one does expose themselves more by keeping them on an exchange. sure, hot/cold wallet makes a difference and only a small part could be lost by that, but the exchange could possibly shut down in some way, or exit-scam, etc. + considering maintenance and things like that is bad if one wants to access their crypto  + we don't support Decentralization if we use exchanges for safe-keeping, then they're like banks!  on a hardware wallet = as long as there's no online threats(like a flaw in the software so private key is exposed), it's in my opinion, safest, simply because one requires a PIN-code + physical access. however, I have read that people in the past in various ways and for various wallets has been able to retrieve the private key, but! it still requires physical access + alot of knowledge, it's not something I could do to my wallet even if I wanted to, I think  just keeping a keyfile or something like that, is unsafe if someone has access to your computer Or you got a virus, so that's double exposed. printing a paper wallet offline and then always taking necessary precautions when doing transactions, I see why it's very safe - but it does require more technical knowledge. considering you aren't exposing yourself to any potential software issues (hardware wallet), it maybe is safest. but one small mis-step and it's not so safe anymore. thank you for the merit! Surely it's better to hold them on your personal paper wallet since it is extremely safe but a lot of people, me included, are not holding coins for a long period of time, I personally trade almost every single day and even when I hold I don't do it for more than a few days or weeks so it is not an option for us to print a paper wallet offline. There are some decentralized exchanges like IDEX but they will never accept USD. |
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Now it's fighting at 9k and if it holds we will see another go at 10k. The key support level is at 8.8k if we lose that we are in full bear mode. We are approaching a 4 hour below 30 RSI so we could see some bounce soon but it definitely looks rough for the bulls now.
If 8,800$ breaks it doesn't mean that we are in "full bear mode" remember the next support are near that level which is 8,700$ and 8,500$ breaking down 8,800$ would only mean a support in these levels. But we still need to remember that we barely even broke the down trend channel when we quickly go down from 9,700$ so technically we are still bearish with Bitcoin. Also remember that RSI is extremely oversold which means that a lot of people have sold their position, a buy back would be nearing sooner rather than later as what you think. You have to remember that overall, weekly charts we are in a downtrend for almost 6 months so it does pretty much mean we are in full bear mode because we are still in a bear market overall. We needed to break 12k to exit the bear market and we didn't and it's not looking very likely on this go, now we could see a higher low weekly and enter an equilibrium pattern. |
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Now it's fighting at 9k and if it holds we will see another go at 10k. The key support level is at 8.8k if we lose that we are in full bear mode. We are approaching a 4 hour below 30 RSI so we could see some bounce soon but it definitely looks rough for the bulls now.
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Oh this exchange is still down? I had some dust in there but I haven't been following the events recently, seems like they allowed some withdrawals, I thought they would have run away at this point, what are they even doing, I don't understand.
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10k has proven to be a tough resistance point but another try it's not out of the cards yet. We are still forming higher lows on the daily charts, for the trend to switch bearish we will have to see a higher low, lower high and then eventually a lower low. Until then bulls are still in control and they are buying the dips.
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I personally think people demonize exchanges and their safety. Holding coins on different exchanges with different passwords is still a better way than holding all the coins in 1 personal wallet on your computer. If a hacker gets access to your computer, he would still not be able to access your coins on any exchange that has a 2fa enabled.
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If someone is running a giveaway, they will only really need your address and maybe some contact information. Them asking for more than that is essentially a dead giveaway (pun intended) that they're scammers. It's honestly alarming how many people fall for stuff like this.
But yeah, other than that, it looks like Twitter hacks are starting to happen frequently. Does Twitter have security issues or are hackers just relentlessly targeting high-opportunity accounts like this one? Twitter should do something to address this either way.
Yes that's what I have been saying. There is really no need to worry if you are not completely retarded. There is no possible scenario where someone would ask for money to giveaway money, it's ridiculous. |
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Precise long term predictions are useless. The only thing you should care about is the current trend. We are in a slight bull trend right now and if it holds we could see bitcoin testing 11k levels again. There is no way of knowing if it's going to break 11k or not, though.
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