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Always a good thing to keep in peoples minds, the fact that they could lose all of their coins at any moment if they don't treat the coins as there's. It's kinda sad that we've hit a point in the world today that people would rather value convenience over the security of actually having the coins that they worked for, but I guess that is with anything.
Buy an HW wallet and ensure to have a backup, make sure everything related to your private key is safe. It's simple when you say it, but in practice who knows who's going to listen.
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I wouldn't trust anyone when it comes to charting, as no one knows what the hell is going on and that's the truth of the matter and the market as a whole. The market could go up, the market could go down and we would all just have to simply live with it. Charters looked like they knew all when bitcoin was booming up to 20k, but now they seem like they're dumb cause bitcoin is busting right through their support lines with ease -- who knows what's going on.
Simply watch, that's all you can do.
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But the thing is Crypto is a threat to them, Cryptos have the opportunity to wipe banks off the earth if they were to go mainstream. It would make using banks worthless if there were massive cryptocurrencies that were facilitating world affairs and everyday transcations, this is something that the banks (HUGE BANKS) know and they're going to be making sure that they don't allow to go mainstream. Most banks don't consider cryptocurrency as an opportunity since potential profit from cryptocurrency is far less compared with the profit amount they lost due to cryptocurrency. Also, bank is fully centralized and have full control while most cryptocurrency are decentralized and user have full control (if they use proper wallet).
This right here, banks know that there will be a NET LOSS from crypto and why would they allow them to prosper? |
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There has never been price stability in crypto, this is the most volatile market by nature and I don't expect this will happen anytime soon. On the contrary, we shall keep seeing large swings. You should know that if you are in crypto.
This right here, we're not just going to magically get stability cause of one day of crashing and then another day of just a small amount of volatility. We do this stuff all the time, and we shouldn't basing our claims (AS OP DID) on two days of data. Stability isn't going to come out of thin air, this is the wildwest of markets and we're going to have this type of market for the foreseeable future. |
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Moving amounts like 50k throughout international wire transfers and then being sent back is going to have a RED FLAG raised by your bank, as that's going to look insanely fishy from a normal individual bank account in the USA. Authorities are going to be alerted and most likely you're probably going to get your account closed down, I'd look into bitcoin-friendly banks that would allow for this sort of behavior (or don't care about this behavior)
It's not illegal to trade, though I doubt you're going to be able to get accounts in closed off foreign markets. And no there's no problem with using your own money, just be ready to lose it is all.
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Well that's one of the big reasons that Bitcoin is going to have the volatility that it has today. This is because all of the investors in Bitcoin are people who SIMPLY wanted to get rich quick from buying bitcoin, and they point around the times of ATH and didn't care about the tech at all.
These people are going to sell at the point where they think all is lost,so the fud is going to be the thing that hurts them and the rest of the market the most.
BItcoins tech and usability has not really ever been noticed yet, but we can STILL change that!
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Hedging and diversification.
While diversification is a good thing in most markets, in the Crypto markets it's really not so. If you are to buy bitcoin and 100 other altcoins and bitcoin crashes 50 percent, the other coins are probably going to go down a shit-ton too. So one 'sector' of crypto is to have problems or crash, most of them are going to. We don't really have many industries here, we're not like the real stock market. |
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While I do think most of the basic points here are of value, I think the portion about TA is a bunch of bullshit and isn't going to help anyone in the least. While I did believe in TA at one point, I do think that TA, like many trading strats, is just something which is going to confirm peoples beliefs which they had before. So put simply, it is an echo chamber for people.
So when things are doing good, everyone looks like they know what's going on. But when shit hits the fan, everyone looks like an idiot.
TA may work in some situations, but in TA I don't think it works in the least.
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This is a wonderful post, which kinda sums up all of the problems which could be incured while trading. I'll even come out and say that I usually suffer from a good amount of these due to the fact that this is a normal thing that human is going to have problems with.
I face most of my problems with Greed and then regret, which usually follow one another. As I want to get more and more profits, then the floor falls from under me and I start losing large sums of money.
I'm trying to fix this issue though, as I'm trying to cut emotions out of my trading -- as I do think that this would make this happen.
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Simple ... It crashed because people pulled money out of it.
Heh, well yeah this is true. But in seriousness, the market crashed cause of an overall sentiment from the news media that the market was overvalued, and facing opposition from some governments (this is, of course, fake news and shouldn't be treated as if it's real) So a ton of fud, and people getting scared is one of the theories which I have. Another is going to be that the market had too much of a runup too quick and a correction HAD to happen in order to let the market cool off again, as we went to 20k real quick which is INSANE. So yeah, had to be fixed at some point. |
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I mean there aren't really any forum specific roles for you on here, and you're not going to be able to do a couple things due to the fact that you're a newbie. For starters, you obviously can't do any sig campaign posting (paid for in btc) due to your forum age, and you're not going to be trusted enough to do escrow related activities.
Though you could do anything that would rely on you yourself, so any sort of service you can offer or do offer can be posted on the services section of the site, anything you want to sell (legal and crypto related, etc. None of these things rely to your age on the site, they just rely on YOU.
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No one knows, and if anyone does say that they know the future of Bitcoin then they're going to be (obviously) lying about it. People make predicitions, and I will still (and always) predict that Bitcoin is going to stay in the same sort of path that it is in right now. It may get some more adoption, tx fees and congestion fixed, but I don't see a life with more and more bitcoin adoption if the price is this volatile
If the price volatility changed then I would have to change my sentiment, but as of right now this isn't the case.
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I mean there are some people that joined in thinking that they would make a good amount of money, but these are also the same people that joined in at the top of bitcoin (near the point of 20k) so they thought that they would be becoming millionaires. This is the FOMO (fear of missing out) that these people had issues with.
Most of the money here is instutituional and regulars who think that they will make some money, like investing in stocks or anything like that. We're not looking for big gains just some extra cash.
HODL memes are as they are, memes.
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I mean if you're investing in the USD, you're not going to be investing in the currency itself. You're going to be investing in bonds that are supporting the government that is backing the USD, the US government would be this entity. Those have pretty low returns, though if you need safety or protection against inflation (TIPS bonds) this could be the best option for you.
I wouldn't though, that's just me in my situation though.
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Robinhood is a pretty solid idea, I mean they were able to get into stock trading and I guess there way of getting into the new investing thing (thing most popular with the young generation) crypto is giving them free trading. We'll see how it works out in time.
Even though I think that you shilling your own video is wrong, I do applaud you for getting the straight news out for people.
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I fail to understand how it's hard to notice that people aren't just going to give you access to their rigs and ASIC miners and pay you profit from it (without it being a scam) or that these lifetimes contracts are actually going to lead to profits, as companies like gensis mining are only going to pay out if its PROFITABLE FOR THEM AS WELL.
What's so hard to understand here and why are people, joining into this cloud mining scam?
Logically, nobody should be falling for this but realistically, the promoters of these cloud mining sites are just too convincing for newbies. Most experienced bitcoiners won't even look at any advertisement that has the words cloud mining in it. People think that they can make a passive income from cloud mining, build their portfolio with "strategies" that are drawn up by random nobodies on microsoft excel. In reality it's never that easy, you have to earn your income. There is just no way that you're going to get the promised profits on your investment without the site being a ponzi or bitcoin price going up many times in a year. Look, to all newbies out there, cloud mining is only consistently profitable for the website, not you. Otherwise, why are they offering this at all?? I don't even think you could consider it too convining, cause they're not really doing much to prove anything. I just think it's peoples greed and ambition to prove that they're going to be the ones to make it and they couldn't be someone who would get scammed. People always want to think that they couldn't be the one who would get scammed, it's like anything else when it comes to greed. Plus once these people are invested in cloud mining they want to get other people in so they ensure that they're able to keep the scam going JUST long enough so that they're paid as well. |
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Yeah, no one is going to be able to have 80 percent accuracy in the grand scheme of things. As I think you're only citing a small number of incidents, and you're saying that you're able to have such a high prediction accuracy.
If you were a big whale with massive amounts of connections in the media, etc then I'd think OH MAYBE THERE'S A CHANCE. But no one is ever going to offer this sort of service to laymen.
So, yeah you're a big scam.
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Binance is the best site out there as of right now, they're not going to demand any sort of KYC information so you're going to be OKAY with not giving up any sort of information about yourself. I'd recommend using Binance and Poloniex, some people may have conflicting views on Polo but I think they're just fine when it comes to using them.
Also, just as a note don't leave ANY OF YOUR COINS on these exchanges --use wallets that you own to keep your coins on, that's going to keep you safe from an exchange hack or 'hack' (exit-scam)
Goodluck with trading.
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The biggest reason that all of the coins are put beside bitcoin is because that is where the trading happens, bitcoin is used to trade with these altcoins and there is no way of stopping that. Bitcoin is the biggest trading pair for altcoins, there is tether is being used as well as well as regular USD but it's not as big as bitcoin trading in the least.
That's just how it works around here, nothing we can do about it. The price doesn't change with bitcoin though, this only happens due to the fact that when bitcoin goes down that is usually a BAD sign for the rest of the alts.
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Of course they are.
Do you really think anybody will be allowed to set up a financial business in the EU funneling literally hundreds of millions of euros without the tax authorities of eu member countries making sure they know exactly where all that nice tax revenue is going and to whom?
This right here. They could either be reporting them or they've been subpoenaed to give all of their information over to the EU tax offices. I mean I wouldn't be surprised if their being subpoenaed and such, but I'd expect them to be transparent about what they're giving up with their users - just like what Coinbase did as they tell people what was going on with the IRS. Waiting for an announcement from bitstamp. |
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