Honestly, inflation is the main reason for me. Looking back I realize my father bought his first house for less than 2000 dollars, 20 years after the fact I am looking at that same house worth around 100k right now, nothing should be worth 50x what it used to be in 20 years time but that is not the housing market only, looking at the grocery goods for example I realize most of them made at least 20x and almost all of them made over 30x increase in the price.
So, it is not that goods become more expensive, it is the fact that money worth less. That is why I feel like if I own crypto I would be saved from that, I feel like bitcoin is exempt from inflation somehow (it is not, it is just goes up and down but so far in 10 years it always gone up in long term) which is why I feel like fiat is worthless.
Inflation is a normal thing in fiat money but it should stay at 1% or 2%. Such currency is healthy and will inflate at a slow and steady rate. In 50 years everything will be almost twice as expensive but 50 years is a lifetime of a working generation. The new one won't feel that 1% a year increase. Hyperinflation kills currencies but it doesn't come out of nowhere. The country needs to face other problems to develop it. |
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I've been HODLing copper for a few years, and I've even posted about it on Bitcoin Talk.I also save lead. It isn't as valuable, but the weight/volume ratio is good. It's called urban mining, and I've got some tips for separating copper/aluminium radiators and a few other things as well.
I've also got a few dustbins full of old circuit boards and hard drives, and I keep meaning to huntfor Bitcoin wallets on the hard drives.
Does it mean you have a shed full of scrap? Your wife must hate you  Dismantling electronics is popular among the poor people especially in India but is also very unhealthy if you're heating the boards to take out smaller parts. Many people develop lung problems from it. I know a guy who is driving around town collecting metal and electronics, dismantling them for recycling and selling. It's not a well paid job. More of a minimum wage type of thing. |
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Saying that something is a scam because there's a risk that you can be hacked is retarded. I could say banks are a scam because there's a risk someone hacks your account and steals the money. They don't even reimburse people who fell victim of phishing and gave hackers access to their bank accounts.
It's not that different from Bitcoin. I'd say it's even worse because the bank is a third party under risk of bankruptcy.
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Unfortunately, Facebook initiated the Libra project. The company was involved in many data and privacy scandals. Consumer’s trust in Facebook is low. Another hurdle for Libra adoption is the public’s misunderstanding. Bitcoin is difficult to understand. Most people don’t have time to dive into its details. Its price fluctuates wildly. They don’t see benefits of cryptocurrencies. Bitcoin has as many critics as believers. The public has not accepted a crypto future. To normal people, Libra is another effort by big corporations to intrude and control their lives.
Is this really a problem? People don't understand fiat money and use it every day. They don't understand quantitative easing but does that stop fiat in any way? The Internet also had as many critics as believers. Somebody has to be the first to pave the way. |
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I was disappointed by the money I held. I bought SKYM (SOAR) tokens last year for 0.05 and so far the value has dropped sharply. I could not sell it at the current price of 0.0065, it has decreased by about 10 times.
There's always a chance your investment will decrease in value but you shouldn't blame hodling your losses. The main reason why hodlers lose is choosing a wrong, dangerous investment. Overhyped projects that don't have real life value will always tank. It will happen sooner or later as people become aware of lack of progress and see through the lies of devs. Invest in good projects and hodl. Trading can be more profitable but it requires you to put in work. Hodling is free. |
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I am a very big supporter of Crypto currencies, but I have to be honest... if given the choice, I would prefer getting cash as a gift. The reason for this is simple, because most cash gifts gives you more flexibility. You can use that cash on something, where they do not accept Bitcoin as a payment option and it is virtually "tax free" <No paper trail> You can still convert the cash to Bitcoin, if you want to .... but most gift cards can just be spend at the merchant where it was bought.  So, yes Cash is still King with me.  Cash won't gain 30% in a day. It's more boring. When you get Bitcoin there's this excitement. What is it, how does it work? And when you know there's another excitement like you now have an investment not just a dollar bill but something you can hide and something that could be worth twice more next year. Cryptocurrency is a much better gift. It teaches us so many things. Patience, inner workings of markets, economics, trading, security. |
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Yes, this is not manipulation. This is good news that causes Bitcoin to go straight up.
Xi Jinping, the president of the People's Republic of China and the general secretary of the Communist Party of China,
said the country needs to "Seize opportunities" given by blockchain technology. Currently all on a buy panic. Go to the moon now?
Don't be too hyped with this news because to them blockchain technology doesn't mean bitcoin/ They don't want to weaken their fiat money. They will rather try to enhance digital fiat money transfers with blockchain tech or similar or make their own cryptocurrency especially that the US is struggling to give libra the green light. If china is faster than USA in approving their own it's going to be seen as a big success by Chinese nationals. |
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My best experience was finding this forum and learning about cryptocurrencies. I bought some Bitcoins in 2016 and then did some great moves:
Claimed some giveaways and airdrops that gave me a lot of profit like Stellar. Gor a lot of Bitcoin dividends including BCH BTG XLM and BSV and turned them all to Bitcoin. Traded Bitcoin in the bull run of 2017. Those were some great experiences.
My worst experience was buying some shitcoins like Lisk but it made me smarter.
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He's saying that the short squeeze was responsible for the price going up. This is a sad excuse because there would not be any short squeeze if the sell pressure remained high.
When an asset is bearish and people don't see the reason to buy the short positions don't get liquidated. Shorters earn money and the price keeps falling.
In that last run up we broke through the downtrend that was present since September and marked a clear reversal. Short squeeze would not happen if there was no buy pressure at the bottom.
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You're giving a very wide range OP. 1-10 cents is like asking if someone would work for you for 1 dollars per hour up to 10 dollars. Not many people would work for 1 dollar per hour but you'd find many interested in 10 times that.
I wouldn't do it for 1 cent but I would for 10 cents. Like the old saying everything is for sale it's just the matter of price.
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I also agree with the above. Even 1 dollar per post or 1.5 depending on the price of Bitcoin is huge money if you're paying for shitposts like some of the members of this campaign have produced. Even if a spammer gets kicked he's still paid by Yobit for what he got before he got caught. This is an enormous waste of money if we count in people who were copying old posts, bumping threads as old as 10 years, and spamming games and rounds with one liners and making more than $20 a day doing so.
A quality post that gets merited and quoted by others is worth more than 20 spam posts and Yobit could easily get a quality post per every dollar spent.
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It's surprising and alarming as well because I feel there is something really big which is been planned as these accounts have been active after so many years and I am sure 2982 bitcoins might not change the market situation but these are the only address which you have notified and there might be hundreds of other address as well and these might belong to one organization which is involved in manipulating the market.
This is not strange. Why do you think it's manipulation? There can be many reasons for an old account to wake up. I'll give you some: The owner died and the family gained access to the money. The family may not care about bitcoin and just wants the money The owner got sick and needs money for treatment. The owner got sick and knows he/she doesn't have much time left so it's now or never. The owner finally had enough of waiting. The money is being moved from one address to another. Sometimes to segwit, sometimes to something else. The owner got a better investment opportunity like a family company that is in need of money. |
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That 7300 level held strong. I even told one of my friends to buy when we touched 7500 and he almost got scared when we went 200 dollars lower but I told him to sleep on it and now he's so happy that when I asked if he's planning to take some profit he was like -nah, I'm gonna hold long term  I don't remember being bearish about Bitcoin even for a day since we broke 5000 dollars this year. |
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I don't recommend ripple to anyone. It's a closest thing to a scam and garlinghouse speaks like a snake oil salesman.
ADA, NRG, maybe the upcoming MWC coin if they launch.
If you have spare money I'd still go for BTC or ETH. There's no need to differentiate.
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Today bitcoin has risen to the level of $ 8,500 and this is very exciting for many people, especially those who buy at the price of $ 7,500.
I am sure bitcoin will reach $ 22k in the not too distant future and recently being talked about is that Chinese President Xi Jinping because the Chinese government will adopt the blockchain, and this pumping might happen because of this news.
Almost 8800 on Bitstamp  Blockchain doesn't mean Bitcoin. They can use blockchain to store information or verify messages and it will mean nothing for Bitcoin. They can do what they like and as long as they don't ban Bitcoin their altcoin will not have a big positive or negative influence. There's plenty of people in the world for Bitcoin to be successful and worth 10 times more than now even if some of them choose a Chinese altcoin. |
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It's tied to everything that's why it's so volatile. I saw it go down when gold was going down once. It's tied to the governments because it went down when China banned mining. It's tied to the black market because it went down when Ross was arrested. It's tied to the futures because it was going up when CME was about to open and then dropped down when it opened. It's even tied to Donald Trumps' and Jamie Dimon's tweets |
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Trading with leverage higher than x2 is asking for trouble. If you're doing it on an unpredictable manipulated market like cryptocurrencies you must be nuts or suicidal or both.
Most traders lose money but these are normal traders. Out of leverage traders probably 90% get fucked. Want to join them? Be my guest.
Trading with leverage is the same as gambling.
The risk goes like this. Bitcoin < ETH < one of the top 10 alts < a decent less popular altcoin like NRG < shitcoins < Leverage trading and gambling.
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1. Bitcoin’s Scarcity Will Lead to a Price Surge
Dude , The bitcoin scarcity scam is a myth. They say their are only 21 million bitcoin to be made. But that is only true if the smallest denomination is 1 bitcoin. It is not , the current smallest denomination is .00000001 , which means the bitcoin supply is not 21000000 as they told you, the actual bitcoin supply is 2100000000000000, comes out to 2.1 QUADRILLION. Not a limited supply at all.The real scam is they can inflate the supply by going to the right side of the decimal instead of the left. * The Scam network LN, already goes to 12 places below zero, so they are even worse.* FYI: McAfee is a NutJob. But this can be done to any currency. What's there to even call a scam? A dollar can be broken into cents and a piece of gold can be divided into grains of dust weighing micrograms. Only a total lunatic would call divisibility a scam. There are 21 million mined bitcoins out of which at least 10% is lost. A bitcoin can be divided into satoshis and the number of zeroes helps in microtransactions. If Bitcoin ever goes to 100 thousand dollars it will be impossible to pay without using this feature. I don't like McAfee but when Bitcoin went from 1 dollar to 8 dollars people were dreaming of it being worth 100 dollars one day and when it reached 100 they started dreaming about 1000. It's normal to think big but for me big is 50 thousand. For him it can be a million or two. |
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They serve a purpose those youtube TA guys. They usually follow the trend and get hyped when everyone is hyped and get sad and bearish when the majority does> When FUD comes they repeat it and when overhyped news do they also spread it. You can feel the mood of the majority by watching them and this gives you a hint how to trade.
When they are overhyped you short or stop trading for a while and when they are overly bearish and act like it's the end of the world you buy.
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Not much really! Only the price will tank to test the previous bear market low or maybe even go deeper A ban is always a big hit. If the EU were to ban Bitcoin it would probably suffer a big plunge just like if the US did it. It wouldn't destroy Bitcoin because in time farms would move and difficulty would adjust but short term it would be a disaster. |
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