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This was bound to happen, as more and more people noticed that whatever they touched in 2017 turned to gold the projects that are gold are going to be harder to find -- as the people making these ICO's also know that the market is hot, and easy to scam. So if anyone tosses up an ICO right now they're going to get a massive amount of money, with no issue at all.
Project quality degrades as the amount of money available (without any sort of protection for the sender) drastically increases. So yeah, most of these ICO's are shit. Though you can still find a diamond in the rough.
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People will never understand this, or they don't want to understand this. People are always going to have the greed inside them, the greed that's going to push money that they don't have into risky situations because they think that it's a sure bet that they make a couple bucks, and then they'll pay it off with ease.
People are greedy, this warning, sadly, won't help.
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I'd be able to help out, though it is going to take you some amount of money to push this out to people. As you're going to have to get credible, push some advertisements to people on social media (it's tough finding sites that even allow this), maybe find some promoters who would be willing to allow you to promote on their channel (yet again, for money), and so on and so forth.
If you'd like my help I'd be willing to exchange telegrams on pms, so do let me know!
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The only groups that I would think help the traders, are the groups that explicitly promote just news, from all sources, and then show you their take on it. Not telling you if they're buying or selling, not throwing charts at you, and not setting signals for when they think it's the best time to buy. No one can time the market, but YOU CAN work within the confines of the information you have in front of you and then take it upon yourself to see if you'd like to buy or if you'd like to sell.
I'd rather see that kind of group personally.
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Well yes you can, but that'd be trying to time the market on when to buy in and when to sell. That's something that you're never going to be able to do. Looking back at charts it may look like it's profitable, but you could also miss a huge chance at profit if you are to do it -- so yes it could go both ways in the fact that you could lose more money, or lose out on making more money.
I wouldn't chase losses, just HODL.
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Hmm, that's interesting but the whole thing looks more like a conspiracy theory. The price is determined by many factors that are not counted. Also those types of assets are too different from each other (well, maybe not the assets but the markets are different). For example the uranium price has been growing before 2007. Untill that year the amount of registered geolocations increased dramatically together with the amount of suppliers in the market. In this case people had too many uranium on too high price, the dump was logical.
The conditions of the market were also different in cases with gold and BTC but it doesen't seems like futures had a very significant impact.
Everything relating to why the price changes is going to be a conspiracy theory, people just simply want a reason on why their investment is losing money. Sometimes the more credible ones seem like fact to us, and sometimes they do CHANGE THE MARKET A LITTLE BIT, but none of these factors moves mountains. The market goes up, and the market goes down. The media tries to sway decisions all the time, nothing new their. Cyclical market..... |
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Why are we needed for a hedge fund, cause they only thing we're all going to do is buy bitcoin. Plus, this is just going to add a grossly problematic centralized risk to our fund -- where someone could just run away with all the bitcoin and we'd be FULLY screwed. It's better for everyone to just commit to buying, handle their own buys, sells, etc, and not have to incur the fees that a fund would have to have. It's better like this, and this is an amazing way to do things INDEPENDENTLY.
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Even if what you were saying is true, what's the point in playing semantics?
All people want to point at when comparing Bitcoin to fiat is that Bitcoin isn't controlled by any single entity, while fiat is, and the implications of such. I don't think the fine print matters; the definition could be the same in its purest sense (relying on trust, etc.), but the fact is that they work differently in real-world usage.
People try to play semantics because they're trying to discredit Bitcoin, because they know if they're able to put bitcoin on the same level as other normal FIAT currencies (and convince people of such) then they've achieved their goal and everyone is going to move on from bitcoin and go back to what they were originally using, which is FIAT MONEY. |
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The only solution is to use someone like coinbase, bitpay, etc in the middle to mediate the transaction. What they'd allow you to do is for you to pay x amount in bitcoin (the buyer) and the seller would get x amount in cash, someone has to pay the 1 percent fee in the middle. This allows for bitcoin to be used by people and you don't have to worry about the volatility -- which could be killer when it comes to a business transcation.
So yeah, that's how that works.
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maketcap coins is a place to look at prices and 95% accurate and we can compare all prices and transaction volumes in one exchange, if want to know 100% the actual price we have to directly monitor the exchange. because it is not possible to synchronize the same 100% price as the exchange because the price movement is very fast
Not the reason at all behind it, the real reason is that all of the different exchanges are going to have their prices put against one another, weighted, and then they're going to put the AVERAGE price between all of the exchanges. This is going to weight them based on trading volume if their trades are open to all people (take SK, China, Japan for example who don't allow much outside interaction in their exchanges), and probably some other things. So it's not off, it's just different from your exchange as it should be. |
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I think, people use low quality exchange for some reason.Example many new coin added on this exchange.people think, when a coin added new exchange then they make a good profit.Low quality exchange give some offers like get free fork coin and use simply and lowest withdraw fees.I think, this reason people use low quality exchange.
Hmm, I guess that's a fair one to use. As only a bad exchange, like yobit, is going to have the lower reputable coins that are going to be more likely scams. Makes sense. Kinda sad though, wish that YoBit wasn't around though, they seem to plague the newbies with their 'exchange' which is just a waste of time in my opinon. But I guess they have a place. |
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What's the reason for using a low-quality exchange like yobit? There are so many other exchanges that allow for no verification (like binance) that I don't think there's a real straightforward reason to use yobit. I don't see them even having any good qualities.
Could someone explain?
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Bitcoin won't die, it never will. There will always be at least one person that is using it, one person that is innovating on it, and one person that is at least taking a look at the code. I could even see schools using it later on, mining, seeing how all of the code works behind it. So even when the influx of people stops and the news around it stops, Bitcoin will still live on.
More or less people doesn't matter, we just need miners!
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Binance is really leading the entire industry in showing exchanges what they should be doing, from listing coins to dealing with hacks. They've been the most professional of any exchange that I've seen, being straightforward with their customers when they did face hacking and addressing it immediately (when the standard is covering it up, then taking money from customers later on to cover it up) I'm really more then glad to have someone like them leading the charge in the exchanges, they're going to make us look amazing.
I hope these hackers get caught too, they fucked a good amount of people pretty hard.
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I wouldn't call any of us professionals, I wouldn't call anyone involved in crypto a professional by any sort. We all have just been riding the wave and praying for gains, nothing more and nothing less.
But, if I were you I wouldn't be in crypto -- I don't know what your income is and all that, but I know this is a good chunk of money and a LITTLE too much to have in something that has a high probability of going to zero at any moment. I would stick with traditional stocks and such -- that's just me though.
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John Oliver always makes some solid videos to explain things to the laymen, so this is going to be a huge step forward. As it helps that we get infront of such a large audience like John Olivers--hopefully we get a good amount of new people here (and in other places) that we can all educate in Crypto.
Solid day for crypto!
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Just watch as many videos as you can, from as many sources as you can. You're going to have to know that a good amount of people are going to try to lie to you for themselves, so always vet your own articles.
Use bitcoin as much as you can and read as much as you can. You just have to learn through mass reading, like anything else. Understanding is a large part of this.
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this is because they promised good returns ,they succeeded in getting people to buy in because we did not do our due intelligence , most people do not seek to equip themselves with the necessary knowledge and information so they can make informed decisions and choices, most people only listened and followed and we all know the result.
I think a lot of people got involved as well because they saw that others were gaining money, when you see others saying that it's working out you're going to be quicker to follow them. Plus, I think bitconnect was able to survive because the bitcoin price was increasing a massive amount and they were able to say they were making gains. Once it went to shit, that was the end of bitconnect. |
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You could also ask:
Can an inflationary currency really work?
What are the incentives to save or lend your money if it always goes down in value? Does this not stunt economic growth?
Well the thing with that question is that there is an answer to it, yes. As we've seen inflationary currencies do work and they have worked for so long, there's no reason to hold your money (keep too much saved, minus an emergency fund) because if you do the money is always going to be losing value so there's no point to it, inflationary currencies spur economic growth because people go ahead and lend money, invest, etc. Deflationary currencies just have people want to keep their money and have their gains as they don't have to risk anything. |
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I wouldn't think that Bitcoin is a good investment for all people, you're going to have to weigh in your age, income, etc in order to decide if you have the risk tolerance level to get into something as risky as bitcoin.
I personally wouldn't make a substantial investment in bitcoin, I'd put a small amount in if anything.
DONT RELY ON THIS INCOME THOUGH, the gains have and probably will stop.
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