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You can't be sure unless it's your coin or a coin made by someone that you trust. I invest only in projects that I trust and if I don't I treat it like gambling. Now I'm investing in coins just to stake them and sell with a profit and the majority of my investment is in Bitcoin because this is the only coin that I fully trust.
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I'm a bitcoin maximalist but I still hold some altcoins. I do not believe that altcoins will somehow become better and more popular than Bitcoin but I do believe that a Bitcoin pump is coming and that it is inevitably going to repeat a crazy bull market of 2017. When that happens altcoins will follow it again and go up in value.
Maybe they won't even reach their ATH prices but they will go up enough to allow investors to take satisfying profit.
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Don't take this to serious guys, germany is in terms of digitalization way behind of the most other countries. The day when blockchain tech will be widely adopted here, is far far away. German gov is talking much, but in the end they are doing nothing or fail. i have seen this to often.
It's the same kind of news as the news about Russian government thinking of making their own cryptocurrency. First they said Russians are thinking of adopting Bitcoin I think it was in 2017 and then they said they are planning to launch their own coin. 2 years later nothing has happened. It's all overhyped FUD if you ask me. |
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Not at all. My family doesn't care if I gamble or not. All they care about is money. If I lose money it's all bad and if I win it's all fine and they are happy about it. I have learned not to tell people about my losses. It makes everything much easier and allows me to avoid difficult questions. Being a gambler may be seen as a weakness or addiction but it's not that negative to make us lose reputation.
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I'm not sure that the miners issue has so much impact on the price. Because everyone was saying that if the Bitcoin price fell below $ 6,000, the miners would suffer. However, Bitcoin declined to $ 3,000 and stayed there. Still, as said, the miners did not stop mining.
This was being said because mining at that price would mean they would be at a loss. The mining cost would be higher than profit. But this doesn't mean they have to sell everything at a loss. When you start a company you are usually at a loss because you have to buy stuff on credit. A worker needs machines to be able to work he needs cars he needs to pay employees to start a job but he knows he'll get paid when the job is done when he fulfills a contract. Miners can also be at a loss for some time and they were but the demand for bitcoin rose and everything was fine. |
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This is a very competitive market so it's normal most projects are failing. There are several factors to consider and you need a really good project these days to achieve something in this space and most teams think only about the money.
In 2016 you could launch a stupid shitcoin and succeed It's no longer this way. Now you need money put into marketing and a team who knows how to handle the project.
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They help but it depends on their experience. Every team member has to bring something to the project and advisors bring experience and maybe a bit of trust.
Of course if a project is bad and the team has no idea what they're doing an advisor will not be able to do wonders but overall it's better to have as many such assets as possible.
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Usually coins with no trading volume are abandoned or former scams that people are afraid to touch. If they are worth very little you can keep holding and hoping for a miracle, If you can recover anything and the coin still has some value think of selling. It's better to take a loss and invest in something better.
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Im investing in safety and privacy. Nobody can take my coins away from me. I'm in control. I can send it to anyone I want and I can smuggle it anywhere I want. If I decide to I will be able to pack my bags and leave to some tropical island with my coins in 1 day. Try doing that with fiat money you have in the bank. You'll find out that they don't do transfers there because of AML and if you want to withdraw cash you have to come the next day because they don't have it.  Fiat system is so bad. |
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You can't manipulate Bitcoin the way you can manipulate stocks. Old people like Soros know that well and made their fortunes manipulating governments destabilizing economies. They've been doing that to bitcoin too from the shadows.
Paying off a national tv station is a big move and compared to it paying for an article on some bitcoin outlet is nothing.
For people like Buffet bitcoin is too risky. They can buy bonds and make millions on it so why would they play in the internet. They're too old for it.
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I came across a survey by ING that was released yesterday, called “From cash to crypto: the money revolution” (see https://think.ing.com/uploads/reports/IIS_New_Tech_Cryptocurrencies_report_18092019.pdf). Without going into details of the survey, one particular chart startled me: https://i.imgur.com/GqMXTt4.pngThe first thing was the question itself: "Do you agree or disagree with the following statement: Banks should offer current accounts in cryptocurrency such as Bitcoin". Why would one want a bank account in Bitcoins (as if it were in USD, EUR, and so forth)? From the bank’s perspective, they’d obviously find some ludicrous commissions to skim, but they would need to be custodians, which is not what one really wants generally. Then there’s the second part to it, which is the number of people that agree (dark blue), and how that sways savagely from some countries to others. Turkey is very particular throughout the survey, and perhaps the survey’s question was not fully understood due to translation factors. Even so, 27% of Europeans and 27% in USA believe that banks should offer this sort of product according to the survey. I don’t know, perhaps the interpretation is that of an investment account in BTCs, being bank custodial, and as such, subject to providing the customer with (limited) guarantees in case of bank default (European guarantee fund and such), and giving the subject a sense of having a sort of safety net vs being responsible for their own private keys. On the other hand, this interpretation would be based on the premise than the survey applicants knew enough about BTC to ponder this idea properly. This survey is difficult to interpret because when asked about banking and bitcoin average people see banks as safe and bitcoin as unsafe hackable. They don't understand that you can hack a private site holding bitcoins but you can't hack into your private key held on a desktop wallet. People who lose money have infected computers and weak passwords and this is not a vulnerability of bitcoin but their private machines. They probably thought that banks offering bitcoin were banks offering custodial services and taking responsibility for their coins and it was supposed to mean banks offering exchange services. |
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Hey all,
Bakkt is coming soon. I have been reading a little bit about it, but I mostly trade Crypto and don't know much about the underlying technology and the large corporations impacting it. What is Bakkt and what is the most likely effect on the prices of cryptocurrencies?
It seems that Bakkt is the talk of the Crypto Town now, Looks like bull season will start with this Bakkt launch then the Bitcoin halving approaching. Is it okay to say that it is possible to see a new ATH again for bitcoin? It is possible but not certain. We don't know how many investors will Bakkt actually have. It is the talk of the town but it's the news mainly among current bitcoin holders and small fish thinking of buying. We don't know if institutions are gearing up for investment. If I were a CEO of a big company looking to invest I'd wait and see how it all develops before entering BAKKT with a lot of money and putting my whole company at risk. |
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I think 2019 was bad for cryptocurrency but slightly better than in 2018.
You don't need new highs to call a year good. 2018 was an obvious bear market. 2019 is a turning year where prices slowly recover and prepare for another rally. This doesn't have to take a year but two or three years even but ultimately it will end with a rally and then another bearish period. If bear markets are bad then 2019 can't be called bad. Looking at prices we are still in a much better spot than we were in 2016 and before. If this year is bad then the last 10 years of crypto were also mostly bad. |
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Apparently we are in Q4, just 3 more months before the end of the year, currently bitcoin is being traded around $10,103, that's gonna be x2 of the price and the market cap of $182b will be expected to double, I don't think such a huge money can flow into the market before the end of the year, perhaps by 2020 we might see bitcoin at $20k and beyond
Bitcoin did it before and in much shorter timespan. In 2013 it tripled in value in 1 month and you're saying that doubling the price in 3 months is too much We still have time and you should know that anything is possible with Bitcoin. I'm not willing to bet on it happening but it's possible. I'd probably give it 50/50 chance. |
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Good people are still among us. It's in our nature that we focus on bad news but we can't ignore the good is there too.
This man could have kept the money but he will make more on the good nae and trust he gained with this good deed. Some money will last you for a few years of fun but a good name stays with you for much longer.
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Horrible experience and i dont see for this to be an another alternative for mining.Better to buy Bitcoin and wait up for sometime
and earn some decent percentage with your investment and its more pretty worthy and somewhat secure in terms for longterm.
Tried up DASH staking but as expected if you dont put up big money you wont really able to feel those staking amounts.
Maybe not an alternative to mining but it sure looks like an alternative to cloud mining. And a better one. Cloud mining services are offering you 250 days to ROI and at the same time staking sites estimate even 150% or more yearly return on some coins. The risk is in the coins themselves that can be worth much less next year and the less risky ones have much lower returns. Dash is among those with minimum risk but lower returns. Definitely the best option is to trade or at least buy and hold for 1 year. If you look at these "coin staking services" projects you will see that big investors don't get into it, and when big investors don't invest in something, that means that thing is not so good. 5% or up to 10% annually and yet to entrust your coins to unknowns people is not a good deal
Big investors who have a lot of money don't have to risk it to make more money. They don't buy small risky altcoins and they don't stake them but it doesn't mean it's not profitable. I'm more interested in the third party staking services and their profitability than debating if staking itself is better than buying and holding or trading. Some coins don't have volume to be good for trading. Some are too volatile to be good for long holding but they can be good for staking for a few months and selling for a profit. |
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In terms of acceptance it's not. In terms of market cap it's not. Recognizability? Still not.
It has one great thing that makes it better and this is a thing dollar will never be able to give you. It's yours and yours alone. They cannot take it from you on customs or on the airport. Nobody can devalue it by printing more. It's better at holding value.
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Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
This is so typical for people. They invest very little at first thinking that it will make them safe against scams and then when the money doesn't disappear but is there on the account making more money they lose their heads and spend more and more. 2000 EUR is not the end of the world. It will be a valuable lesson for him. |
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Well, I don't see any effect on bitcoin price if the crude oil in the global market were down. But I figure out one possible potential that the investors of crude oil will transfer into cryptocurrency and that is Bitcoin. But I think that is impossible unless if they already know about cryptocurrency. Adoption of Bitcoin instead in crude oil stock to invest is possible to happen here.
There's no direct correlation but there's an indirect one. Oil prices can destabilize economies and we all know the USA heavily depends on oil. If this weakens the dollar it will also strengthen alternatives like gold and cryptocurrencies. Maybe we won't see anything happen right away but in a year or two who knows? |
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