From my point of view, scam projects have taken away the glory of genuine projects.
Due to too many scams around crypto space, investors are not confident on investing in new projects. It's Becoming very difficult day by day to find out the legitimacy of the projects.
This in turn affecting the projects and result of this is not raising the funds as expected and required for further development of projects. This is daviating projects from their roadmap which is resulting in too much delay or even failure.
Missing interest in investors is somehow obstacle to growth and further research of dApps projects.
I think, rugulations will solve the topic to great extent, but is there any other way to stop the scamming and not just going away from it?
Please apply your thoughts.
Until new regulations investor should follow their own rules or they can follow this rules. Without you internally knows the project, you shouldn't join in Pre ICO You can join Top 4-5 exchange IEO except fake volume like P2PB2B exchange You can also follow partnership Also can follow development progress, etc. Yes, Scam projects is killing our cryptocurrency trust by lost investor trust. For this you should follow your research. I will not blame scammers or fake projects but the investor for the trouble he faces after being scammed. Not for a minute, I am saying that scammers are good people. NO, they are not but people who get attracted towards their obvious tempting baits are fools and they should learn about the digital market and crypto currencies first, then come up with some decision. Wouldn't it be best if they stay with bitcoin. Everyone knows its potential. |
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Buying fake accounts is one thing, but avoiding personal KYC in general is another thing (extremist!).
I think avoiding KYC is actually a good thing because it shows that people care about their private information, which is something you can't erase from an exchange's server once you give it to them. Another thing is that we have seen various exchanges outsource KYC verification to third party services most people haven't ever heard of, but when we do hear about them, it's because they got hacked and a lot of data has been stolen. I can't stress enough how important it is that people should value their private information more. It's not in your best interest that criminals abuse your name or that verification services sell your information to third parties. The issue is that people do not take their privacy seriously enough. If we really cared about privacy, people would not be using Facebook. I would stress that Financial privacy is probably the most important thing out of everything. So platforms like Bisq and Vertex really do matter. I also believe scams and frauds become successful only due to the ignorant and careless nature of common people. They are not very serious rather do not consider every related bit of information important. There is nothing bad in using any platform unless you provide more than what you should. The most secure way is to go for secure options in every domain and provide as less info as possible. |
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Rules and theories are just to complicated and they might be different when you start to practice.
Just make it more simple :
- Make mistakes as much as possible
- Learn from your mistakes
- Do things right then
additional tip : 24/7 in front of your computer, don't move too long out of it.
I wont ask anyone to make as much blunders as possible but rather suggest the exact opposite: learn as much as possible so that mistakes can be avoided at most. However, learning from mistakes plays significant role in order to grow and survive. Instead of sitting 24/7, he can use some app that will notify him regarding the changing value on hourly basis or so. No human can work 24/7 for sure. |
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Stopping yourself is very hard once you start to lose a small amount of money in your bankroll. The best way to avoid spending most of your money is to bring an amount that you can afford to lose and by doing that you will not force yourself to spend any amount that you might regret spending later.
Having a self-control is very important to someone who's having a patience problem especially in gambling and trading.
This problem with your patience always turned you out to be more aggressive when you lose amount that you can't afford to forget. Instead of quitting you will going to proceed and deposit more, making things more complicated and placing you to bankruptcy. All you need to have is good control with your attitude, don't set your mind that you are able to recover your loses if you still have money to use to continue your game. In order to stay safe of loss and pain, it is best for a gambler to play with that much amount only which, if lost would hardly affect him in any way. The amount of bet matters the most. It is not easy to stay calm when a good number of bucks are lost. Gambling is more addictive than you can imagine because it involves money. Everyone wants more by doing less and recover all the losses, which is not possible but gamblers do try. |
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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. The idea of withdrawing all the cash does not hurt but if someone is a bitcoin holder and plans to sell away all of his holding to make profit, he will be regretting this decision sooner than he can imagine. Nothing can be more painful than this. We all know the current situation of market. It is going through a dip. Moreover, this dip is not going to stay for longer so now is the last chance to invest at low rates. |
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Well!! Did you know? Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market. As a crypto beginner trading crypto safely is one of the best idea ever. What's your take on this? A common mistake made by beginner cryptocurencies is that they are lazy in seeking knowledge about cryptocurency from various media to add insight that they will have later. so they are many beginners who complain about failure in doing something and often lose the money they have dan whereas failures and mistakes come from themselves. In my opinion, it is better to do some research and get knowledge of digital market as a whole and then the particular asset that one plans to invest in, before joining the world of crypto currencies. This way, one can keep himself with time and make progress with ease. Mostly people invest here due to the hype and news they come across everyday. Then they end up committing panic sell. |
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A country where cryptos are out rightly banned, will bring an altcoin season? I highly doubt that. Just one statement by the president about blockchain means nothing at all. Crypto space has gone unaffected (both positive and negative) through many such news. The thing to notice is that Chinese are involved heavily in OTC crypto trades which goes undocumented. That doesn't really affect the market price as such. So increase in searches doesn't mean that altcoin season is upcoming. It is not really like all the crypto currencies have got banned by China. It is more or less like that Chinese government is afraid of losing its power and want to introduce its very own crypto currency. In the digital market whoever controls bitcoin, controls the whole market. China desired that but now has got that this is impossible. Countries that are advanced support technology innovations certainly. |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
There's no doubt that it is profitable, however, based on the market we have now is day trade is somehow not a good option due to the fact that the market is somehow stable. Engaging in day trading requires a lot of time and effort because every time you must read the flow of the market and make a plan out of it. Moreover, this will be more profitable when you have a huge amount of funds because fees will surely be an issue. Day trading is only profitable when the asset that is being used is a potential one and the trader has sound level of skills. For instance a bitcoin day trader who understands the nature of his holding and profession very well, would make huge amounts of profit from this. But if one of the essential is missing, he won’t survive for too long. Selection of a potential coin and patience are important. |
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It often happens that people go out to play a variety of games of chance with a certain amount of money, but in the end they spend everything if they are gone. How to prevent which technique you base yourself on to spend no further. It's hard to just give up, people persistent in gambling that day, so they can't just tell themselves they'll try tomorrow. Why is this difficult? Is it because of greed?
It seldom happens because the excitement is still there, you don't have funds but your mind just want to continue, this is something that can be considered a trap, if you cannot tame it, you will just end adding more, a gambler should have a cooling period after the high emotion of losing and winning. If this can be done then gambler is safe from harming his financial savings. Cooling periods is very important it can balance your emotions and the actual amount of money that you can afford to lose. Gambling as being noticed as risky entertaining activities can messed up with you if not being treated correctly. Most of those aggressive gamblers ending up as addicted to this industry suffered from losing everything. Financially and emotionally stress can be avoided if you know when to stop and quit away from the house. The reality remains the same. Most of the gamblers become addict and eventually ruin their lives. The importance of self-control and discipline is alien to such people. Rather they cant help themselves because their brain stops working long before anyone knows. It is easy to say stay calm during harsh times but far difficult to do in real life. Money can bring a lot of pain when lost. |
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snip..
as I know, discipline in gambling is not greedy. Stop when the money runs out and know when to stop.. I've seen greedy people destroyed by themselves, they borrow money and even sell private assets when they lose just to gamble and stay for days without knowing the time at the gambling table.. we must be really good at controlling ourselves when gambling, don't be curious and greedy when you lose, just be sure that in the future luck will be with you. When someone gets into gambling for the very first time, surely he'll be lucky to get a bigger profit out of gambling. People easily get into greed, by this time very few get to understand the start and stop point of gambling. Most gets to miss the chance out of the greed, another thing very few get to know about money management. From my learning keeping ourselves self controlled is really a tough task with gambling. This happens when we continue to loss. Good is to have a break for the moment and continue to gamble. With gambling discipline is a must, than that we need to be clear on our necessity and the possibility through gambling. I don't think everyone is destined to win his first bet. This also poss’ that he loses and being honest, it is better for a gambler to lose his very first game. But then your words also hold some truth. House tries to gain trust of his customers at first by making them happy with wins. No matter what the circumstances are, a gambler should always put a limit to his gambling habit and the money used. |
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Dear all,
I bought 2 BTC when it were 18k USD/1BTC and lost all my other assets with BCC 400usd.
I still have been keeping them with the belief that it will recover and over 20k.
it is too long time and that makes me so tired, i need money to invest a plan,but there is no money
Do you have any idea?
thanks
I think sir its been so long that you are waiting for bitcoin price goes up again. So keep believing that bitcoin price will go back again at $20,000. All you need to do right now is have more patience to wait. And yes its been long time he need to wait again for regaining the price back, But we know it will come and recover again and back to a price of bitcoin that he need for. As of now if he want to earn more must better to separately his bitcoin to another coins, Their are lots of coins that we can choose and one of them are have some potential to earn you a lot of profit. By the way it is my opinion also to separate your bitcoin and change to another coins and maybe must choose those top 10 from CMC. It is fundamental rule of investors and traders to buy an asset when the prices are low. Though bitcoin holds hug potential to grow but still, it would be much better to get at lower rates. There in no point of buying it during pumps. However, it wont take bitcoin too long to touch 20k dollars again. 2020 is predicted with high values and I have no doubt in these predictions. Now is the right time to buy bitcoin. |
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If you believe in the bright future of blockchain technology and cryptocurrencies, the easiest way to earn money is just to hold crypto. I think holding Bitcoin is much better than buying shares or making Bank Deposits.
on the other hand you don't always depend on long-term investments, maybe you can try to trade for quick profits and invest in the long term, make sure you always update your portfolio or invest with coins that have further development .. trading and investment is important in maintaining the balance of funds owned and if you do both it will be better if the analysis is done well. so you need to do analysis for long-term investment and do analysis for trading but you must have enough time to do that in this market, it is generally not possible to make money without doing any analysis. only very successful people manage to make money easily and without understanding, but then they also lose their money In my opinion, it is not possible to survive in any domain of life without making a good analysis, especially when it comes to earning money. The saying, knowledge is power, holds true in this market too. Also, the successful people who make money easily have spent a lot hours learning and struggling. No one can make high achievements without facing failure in his career. Everyone starts from first step. |
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Of course but it takes time . Because you know there's still some factor that keep pulling down the growth reason also why market now become unpredictable. But don't lose hope it will never last as long it still showing a strong support. Expect more progress in the future instead ! Because despite of the current situation for sure cryto still have a potential to boom always after all the worst ..just put more patience because that's the requirements when it comes doing trading and etc.
We all know that digital market is a volatile one and the asset that it depends on is the most volatile one in nature so far. What amazes me is not that people still don’t get the fact that bitcoin is highly fluctuating in nature but that people still doubt its survival skill. If someone still doubts it potential after a decade, he does not deserve bitcoin at all. The king holds a bright future and so does the market. |
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Why do you even need a lower price of bitcoin! Buy it now and come back to it after 10 years, It's sure to make a big profit here as there are definitely a lot of companies that accept bitcoin and it's fully adopted worldwide. Just make sure you keep the private key better so that you print out the copy, and delete the hidden one on the pc.
Very true if you buy bitcoin at current prices and then store it in the wallet, after 10 years just seen again. Will be generate huge profits. But to be honest, it's rare for all of us who are strong in holding Bitcoin for 10 years, usually only a few months have also been anxious to sell it. Even though the condition at that time was a loss if sold. still, rarely is there anyone who is patient, at the end he decides to be cutloss. And blames bitcoin as the cause of that loss experienced. Whereas the wrong our self is less sure and patiently waiting for the price of bitcoin to rise. That is a fact that happening right now. First of all you do not need to hold bitcoin for a whole decade in order to become rich. It is the fastest and simplest way to becoming rich nowadays. No doubt, the longer you hold, the more you will make from it. For those who just come and stay in the market for few months, they highly lack what it takes to stay in the field. Majority joins due to the hype, not because the understand the potential of bitcoin. |
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I think a bit of regulations on exchanges and new project wouldn't harm anyone. It will affect the decentralization aspect a bit but it will also provide the needed security to the people. Many people are wary of cryptos because of the lack of security of their funds. Though the security depends upon us only but little bit of regulations over exchanges will bring cryptos int he good books.
I think that regulations can have a good effect, as well as having a law to protect those investors, so that they can have something that can sue in case one project run away or turned to scam. As well as, we should unite as one in eliminating scam so people who were once victim of scam, will once again gain the trust for crypto. The investors of bitcoin are already having utmost protection from everyone. No one can track their asset, no one can seal away or snatch it. Bitcoin is the most secure asset on our planet. So there is no need of regulation. Nobody wants the law enforcing authority to get track of one’s assets. All holders enjoy the control and freedom that bitcoin has brought with it. Falling victim to scams can’t be protected by laws either. |
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I'm a person who would like to do some work for Bitcoin, so I monitor freelancing sites occasionally, and at this time I feel like the freelance market in Bitcoin is nearly dead. The Services board is 99% listings of services rather than people who are looking to buy some; XBTfreelancer is empty or has 1-2 projects most of the time; cryptogrind has mostly just ridiculously underpaid projects or again service announcements (shouldn't they be banned there?), and there's also not much available projects overall; workingforbitcoins has very little traffic, just a few projects per month.
It was theorized that Bitcoin will help alleviate poverty by allowing people to work online without any restrictions, but on practice this just isn't happening. In your opinion, what is the reason for this?
Sad to hear that, but most probably it is because of all the volatility of bitcoin. Companies or institutions are hard pressed to keep bitcoin reserves because of the risk that the value will suddenly increase or decrease because whatever value they have, they still have to pay a fixed amount of regular operating expenses. If we see more adoption and stabler valuations I'm sure this can easily change for the better. Bitcoin freelancing is not dead at all, but there were just some opportunities that are not profitable nowadays just like joining bounty campaigns, Signature campaigns that are paid in Bitcoin, also marketer, administration, social media manager, and other ICO related job are not that in demand now compare last year. The reason behind this change is the present strength of bitcoin. Bitcoin always had the potential to survive but no one can deny the fact that campaigns played a vital role in its success too. Now trading is the most beneficial way of making money from bitcoin or increasing the its amount. There is blogging and options like making youtube channel regarding bitcoin or come up with one’s own business. |
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Simply the same thing prevent Bitcoin to replace FIAT currencies, is what makes a Fiat worthless. people can't use a currency that is volatile in nature every second. look at third-world countries such as Zimbabwe, Venezuela, Vietnam and Iran, their local currencies are highly volatile right now and no one knows what the future holds for them. these currencies are worthless than ever because of volatility, and people in those countries exchange their money into real estate or Crypto.
Another factor could be when major retailers such as Amazon, Walmart, small shops, plus credit card companies don't accept any FIAT currency as payment for actual goods and services. if the OPEC countries take BTC in exchange for Oil, the FIAT currency is dead. The moment Oil is sold in BTC by any of the G20, is the moment the FIAT currency is effectively dead. then it’s possible for Bitcoins and Altcoins to replace FIAT currencies.
Volatility is not which prevents people from using bitcoin as a medium of exchange. It is rather suggested to not use bitcoin in purchases because it holds a bright future and one can become rich by holding it for long. This is true because we have people with us who became millionaire with bitcoin holding. If it was not volatile, it would have been impossible to get humongous rewards from it. |
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Quality projects is all i am waiting for, maybe they will ever show up and deliver the best bounty campaigns, i want to hold some free coins i get from bounties but since mostly are crap projects i don't any reason to hold them, projects that have real working product are rare this days and we only have projects based on not very good idea
If you are waiting for quality projects then I am afraid this wait will last forever. It is better to stop waiting and try to benefit yourself with the options available. The era of bounty campaigns has also come to an end, almost. Most of the new projects are scam. Do you really want to get scammed? Start trying to invest in bitcoin or choose a good altcoin and make money from them. |
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From a technical perspective LINK looks good, but XMR has been decent in comparison with the other shitcoins. However if something would happen to Bitcoin probably the whole cryptocurrency market would go down with it. So, if I'd have to sell Bitcoin I would reinvest them into the traditional markets where my money is backed by holdings and an actual business.
This is a little bit shocking for me that someone wants to change his bitcoin in to alts or plans to choose alts over bitcoin. Do you really think LINK, XMR and such stuff can be as beneficial as bitcoin is. I think you are forgetting that bitcoin is the whole reason why altcoin survived at first place. It was due to bitcoin that ethereum got support. In my honest opinion, it is wastage of time to go for altcoins. |
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Heyhey. Little help needed here.
Are tools for arbitrage, coin tracking, correlations etc useful or are they just another pitfall for not learning crypto? Was searching for useful platforms but got even more confused, which ones are trustworthy?
Appreciate the help!
It all depends on how you use it and if you know how to use it properly, So the answer for this is simple it is both useful and useless it only depends on it's user, If one doesn't know how to operate or use it then it is very useless for them. They have been created to help us but it couldn't operate on it's own so we should also know how to use them properly. In order to use these tools and gadgets properly, one must have a good knowledge regarding his asset and profession In the world of trading, the skill that matters the most is being able to make right predictions. Only this way, one can take right decision at right time. To make this possible, he must learn a lot. Trading tools cannot really help otherwise. If this was wrong, then all traders would have been rich. |
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