I want to assume that there are few people, who make several profits from trading altcoins, but sell their profit to bitcoin, and then over time while holding bitcoin, it dumps and their profits dips alongside bitcoin.
Why not do it this way ?
Since you trade mostly in altcoins, as soon as your make your profits, sell them to stable coins or fiats, close that trade chapter.
If you are passionate about hodling bitcoin, always convert to usdt or other stable coins and be patient for a fair entry point. Because the market isn't running away
What do you think everyone ? is there a better pattern that can be practiced?
I am open to more suggestions.
To save profits traders, in my opinion, I prefer to go to gold or invest in assets that are less risky or can also convert them to fiat because cryptocurrency fluctuations are fast. The idea of storing it in USDT or any other stablecoin concept is indeed a good idea, and I'm sure many users are doing that especially since usdt has become a benchmark for other altcoins. Indeed in the worst case that the profits will decrease if bitcoin decreases but if bitcoin goes up? I thought it would be a good idea, moreover, the bitcoin market is currently dominating in the cryptocurrency market where the possibility of adoption is even greater, it might increase its value. |
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In the manufacture of the rig itself, calculating the cost of income and expenses is important plus time, even though I am currently selling the rig because of profit problems. From some of my friends and myself who get passive income by staking, which is said to be sacrificing it doesn't seem like it is because it's based on an interest in getting passive income in staking. To be sure, sometimes we also waste time where it doesn't match the time spent and in my opinion crypto bubble, I think a little bit right.
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The development of blockchain technology for games has a pretty good concept as purchasing items that use the cryptocurrency created, this is another option from buying using fiat which is sometimes a little complicated. Moreover, game projects that combine blockchain / smart contract technology in the ICOS trend are quite a lot. And what's more, this technology needs more development to optimize its usability. I have several SAND even though I haven't used them yet because I don't have one that I need.
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It's interesting to see some speculation from users here who are guessing who Satoshi Nakomoto is, even the wiki still says "Anonymous". I thought more in the future if Satoshi Nakamoto revealed himself would everything be okay? What are the advantages and disadvantages of revealing Satoshi Nakamoto's identity? From here I think it is better for satoshi to remain anonymous because the one of worst possibility is that blockchain development [bitcoin] could lead to central autonomy. The government has the power to do that, especially when it comes to intimidating someone.
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Many say when it is handled by a known bounty manager but I don't totally agree with that view because we have seen so many coin that became trash after distribution, some never got listed, some ended up being scam.
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There are many reasons for the token being held or sold by the bounty hunter and that reason depends on the needs of each bounty hunter. Apart from that, what is very interesting is the discussion about the bounty manager, in this case, there is an opportunity the bounty manager will indeed select a project and take a project that is profitable for the manager himself and for bounty hunters. This is a matter of reputation that must be built to become a reliable bounty manager. The problem is a manager is still a human being who can choose a project that dares to pay them a high price, and sometimes the wrong project to handle. The most important thing for me is how we choose a competent developer so we don't depend on the bounty manager. |
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AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?
As a user without large funds, I can only adjust to the flow generated by the whale. there really is nothing that can be done about it, fluctuations are a common thing in crypto. So you need to do what you need to do, you know like adjusting the flow of the market, creating new strategies to stay afloat in the altcoin market, and all of that for the respective users. Actually if we think more critically then we can conclude that the good things to do in the market today, which can make a profit. |
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I know this have been discussed several times on this forum but yet I will like to drop this again, I'm sure few new developers are among us here, so here we go
It will be a whole new story if new projects can start paying bounty hunters in USD or stablecoin, this have few advantages over paying with your own tokens, if new projects find it as a most for people to try out their new Blockchain they should use airdrops instead, airdrops has the lowest rewards, hardly to get 2$ in airdrops today
As for bounties please start paying in USDT, DAI or USDC, this will erase your sense of 'bounty hunters are killing new projects' idea
In the past, there were also bounties that paid using ethereum because most developers used the platform's smart contract, but that cut excess funds from the project developer, and Ethereum has fluctuated rapidly. Your idea is good, but the problem is whether the current project developers dare to do this because payment using crypto apart from their tokens will cut a lot of funds, especially regarding crowdsale/investment that can be uncertain, I mean many projects are short of funds and fail in this era. Even so, this idea has the advantage that bounty hunters will not damage the market, so developers are more focused on increasing its value in the market. |
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The more you treat bitcoin as an asset, the stable price will continue to exist and we will often experience sideways, indeed in the market, this situation will look boring because we also often see altcoins that have faster fluctuations than bitcoin. What's more, we have often encountered situations like this in 2018-2019, there were also unexpected leaps,xxxx and most users themselves did not know about it that when we sideways we think for the best and worst situations.
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I don't think hashrate has a big impact on crypto investing, and it's a bit pushy if hashrate is one of the things for making investment decisions. Predictions are made based on several analyzes but from what I know hashrate is not a very important thing. I agree about the growth of cryptocurrency this year which unfortunately was followed by several economic problems in every country affected by the Covid-19 virus.
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Last July 1, The Security and Exchange Commission warns the Filipino community in regard to the crypto investment scheme as a claim like a Ponzi scheme. This is their claims... "Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme.
The Securities and Exchange Commission (SEC) of the Philippines has warned the public against individuals and groups engaged in unauthorized crypto investments and trading, according to an announcement on July 1.
The Philippine SEC warned those who were involved in crypto schemes could face a fine or 21 years of imprisonment or both."You can read the entire article: https://cointelegraph.com/news/philippine-sec-warns-against-crypto-schemesI don't know how this will affect the adoption here in the Philippines but it something will give a negative impact as people will also think negatively when they hear and read for this. Would like to hear your thoughts especially for Filipino members here. The possibility only applies to organizations that do not have legal rights and based on the explanation it is not only crypto but in all identified fields that do not have authorized of their government. I think this will have an impact if there are crypto exchangers or unauthorized crypto investments, I also don't know how many organizations are in the crypto field in that country. This regulation was also issued with an impact which in my opinion is good for preventing scammer, especially in the current Covid-19 crisis. |
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I have participated in so many of them last year but I have not hear from them again some are abandoned on the proccess with a lot of promises they come with just to gain your interest
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I think no "not heard from them again", but you pull yourself out of the information they provide. From what I know, there are still many developers who provide related information from their roadmap but almost all of them make extensions for various reasons and the bottom line is because of the situation. Last year's new project can be said to be useless because the developer is not ready for bad situations and the red market and that results in project failures and delays. |
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The governments can't control Bitcoin because it is decentralized. It wasn't made in favour of a centralized system where one person or authority can have full power and control over its transaction. The farthest the governments can go is to impose regulations on Bitcoin transactions especially on the exchange sites.
It is true, blockchain technology is currently prioritizing decentralization so that no one has the authority to rule and every user has the same position and is convinced of the fluctuating value of bitcoin or cryptocurrency. Moreover, bitcoin was originally created for such a purpose where every user has the same rights without any third party influencing the rules of the transaction (P2P network). There is the little fact that we can adopt the concept of blockchain technology by having central authority over transactions, and still have data security and transparency. |
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My biggest regret after 6 years in the crypto industry was when I lost 2 BTC on an HYIP investment site, at that time I was confident in HYIPs. In the past, double coin sites were a trend and at that time the price of BTC was still $ 300- $ 400 because at that time I had no knowledge of HYIP sites so I invested there which at first was quite easy. After a few times I started to lose control and ended up losing 2 BTC, and maybe if I still had that 2 BTC until now, I would have made a lot of profit with the increase in the price of bitcoin now.
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President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
If we think like that, he can make regulations on the prohibition of using bitcoin, because indeed the attitude of the trump on cryptocurrency is not good and tends to monitor until now. As we know that trump regulation is only in his country, and it is impossible to ban bitcoin in the world because besides not having much influence on him, it is not in his power. I think Trump is currently more focused on the next presidential election, from some of the issues I read on news portals about the new movement of Trump to strengthen relationships and increase the faction. |
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Bitcoin is a famous and valuable digital currency in crypto world. Many hackers using it on their evil deeds,that's why many people says that bitcoin is useful for criminals and people involved with them. But despite that,bitcoins value keep on increasing and many others also said that bitcoin is important because of the technology that makes it work.
During this time that we are experiencing difficulties because of pandemic ,I can say that bitcoin is what we really need.Why? What is the importance of bitcoin now?
>Bitcoin is so important during this time of pandemic that we need to take care of ourselves and for our families and loved ones to not be infected with the virus.
>Bitcoin is intangible,you can't touch or handle it unlike fiat money that hold by different hands and it is prone to viruses.
>Bitcoin serves as an instrument for online payments away from covid 19 and with the ability to transact internationally beyond the framework of financial regulation.
>Millions of people have lost their job because of this pandemic. Why not use this bitcoin as a substitute to your work in order to earn money to sustain the needs of your family.
I know there are other ways to earn but in terms of safety from virus outside our home much better to earn money using bitcoin. Also,there are many ways to earn it.
During this pandemic we need to: Stay at Home
Stay Safe
Stay Positive and Earn with Bitcoin
In my view, digital currencies are useful, as you say, in the world they have them too, I mean like transacting online with digital fiat in every country or with PayPal. From what you have said, are the advantages of digital currency, and also making income from bitcoin is good to do but is not as easy as you think because the risk is too high too. The advantage of using bitcoin lies in its decentralization and other benefits such as peer-to-peer transactions. The benefits of bitcoin can depend from an asset point of view or a currency point of view. |
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In my opinion, it is not a very important topic, interesting because it is packaged in easy to understand words. I'm sure many of us already understand how to spend our bitcoins and what they are spent on, everyone here has their own plan to spend bitcoins. Maybe it would be better to add transaction security tips and maybe tips for a cheaper transaction fee than usual. Apart from that I really appreciate the "how to spend bitcoin" in points 1 and 2.
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corona has affected the economics globally but has also dampened the growth of crypto-currencies. Until the dreadful disease get wholly wiped off, it is not possible to see any improvement in the crypto market.
Various experts are constantly monitoring the market and saying this. I agree with them.
What do you think about this? Do you also monitor the market?
But the fact is that cryptocurrency is making good gains at the time of corona, after all, you need to provide a source from where and from whom you know this information if he is really an expert. I'm sure that doing such speculation also needs benchmarks, and @OP doesn't shed any light on speculation from the expert analysis. Cryptocurrency has a level of fluctuation and behavior that is not easy to guess, and every user speculation even from experts still has the possibility of being wrong. |
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Tokens are not very useful to hold, and I don't think there are any tokens that make me specify a token. Some of the altcoins I still hold are usdt, xmr, eth and doge, I also hold bitcoin of course. My least favorite is probably doge. The reason I like Doge is because of its uniqueness and its large volume market despite its low price. Everything I hold is based on my analysis for trading and investing.
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I'm not that much fan of continuous learning especially to secure funds and to make sure that I am transacting efficiently, but literally, we people mostly are contented from what we have especially the way how we transact using traditional methods such as transacting with fiats, and bank transfers. I have met allot of people and some of them are already old (60 above), and for them, there's no room for improvements in terms of transactions as even bank transfer is hard for them to execute that they need someone to support them while doing so. Question arises if they are in situation like this, how can we teach them with new methods of transaction such as bitcoin or to somehow take them out of their comfort zone when in fact, their aren't really comfortable with it in a sense that they need assistance of younger generations. Perhaps, there's nothing wrong to still try and make them accept in bitcoin if we know how we can properly explain it to them. Or to use the concept of "Abstraction" which I learned from Object Oriented Programming. The easiest way is to make sure you're not going right away into technical terms such as Encryptions, Hash Rates, Blockchain, etc. And to take it slowly by using smart analogy to correlate it while explaining because believe me, old people behaves unpredictably. Make it easy and start your conversation by offering a good meal, share some stories as you transition to tell him a new version of Gold (As I believe it can be a good example of physical bitcoin) which is virtual and anonymously created by someone up until now is not known. Story goes explaining that they need an internet access in order to buy this virtual currency that they can use for e-commerce, or transacting with other people and it is like sending messages but instead of strings of characters, they can only send numbers in which are called Bitcoins. Another is that bitcoin is like Fungus. “Fungi don’t have a central ‘brain,” what is there is a decentralized networks that shares the same information, the same with fungus having a characteristics of "resource management, reproduction, and defense strategy.” Fungi are also undying as after the five mass extinction, they still remain on earth. That's how powerful bitcoin network is. I'm sure there comes a portion of the conversation when they will ask how to secure their money will be or how to access it. This is when we will try to simplify things out by explaining public keys and private keys in a way that they usually know how it works such as comparing it with username and password on their facebook, twitter or Instagram accounts. Moreover, try to use analogy as your conversation goes deeper and deeper in a sense that they will understand each terms without you giving them bunch of knowledge in which they don't understand. Of course everyone will not be interested if we are just sharing things like these without giving them something more valuable than what they normally use. Here we might want to state some features of bitcoin such as semi-anonymous transactions, peer to peer, low transaction fees for international payments, accessibility, and one of my favorite, an investment. A dream of inviting our old citizens to bitcoin will not be possible if we ourselves lacks the fundamental knowledge about it, the best way to properly explain things is to first learn and use it. There's we can formulate various analogy to correlate terms and to lead them in the right path as they engage themselves with bitcoin. I believe that there's no boundary of ages for people to use it, that is why I like to learn and use bitcoin. Too many theories will make things complicated, I think it is difficult for us to teach about cryptocurrencies, most of which are safe transactions (cryptography) and freedom of transactions. Here it will be easier to bridge with blockchain implementation that has been modified in such a way that it becomes easier. For an easy example, we make DAPP by implementing banks as a start because I'm sure they are more familiar with banks. After that, we switched to making blockchain-based on web apps and mobile apps for more real transactions, of course, based on our initial system that implemented banks. Then we give a more detailed theoretical briefing about the systems that blockchain and cryptocurrencies have. |
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Bitcoin has been around for 11 years now, with a large ecosystem of exchanges, wallet providers, and apps behind it. There are now many governments recognizing it as legitimate, bringing a large number of investors into it. For just a short amount of time since its inception, I'd say that Bitcoin has achieved extraordinary results. While all of this sounds good, most people still seem to believe that Bitcoin is a scam or not worth their time. For instance, Warren Buffet criticizes Bitcoin telling that it'll become "worthless" over time. It's these negative comments, which make people skeptical about using Bitcoin and cryptocurrencies as serious money for day-to-day payments. No matter how crypto enthusiasts try to convince people to believe that Bitcoin is legitimate, everything seems to be the same. I'm starting to wonder why most people have this kind of mentality towards Bitcoin? After all, the pioneer cryptocurrency is being traded at legitimate exchanges. Even some governments have been collecting taxes from Bitcoin. But that hasn't changed people's minds about it. What are your thoughts?  Maybe because Warren Buffets think from a business perspective on bitcoin, the bitcoin community plays an important role in the market price of bitcoin. In my view of cryptocurrency not only bitcoin, that cryptocurrency has very capable technology behind it, so I have more confidence in cryptocurrencies in the future. If you take it from a bitcoin point of view, bitcoin is more towards assets than daily transactions, because the price is very high, the feeble is also quite high for small value transactions. I'm not sure how to deal with people who don't believe in from the start and see bitcoin as a scam, it would be better for me to leave them alone as long as there is no controversy. |
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