It makes no logical sense to sell an altcoin right at the very bottom of a market cycle.
It might not sound logical sense to you but to someone, it is safer to sell now than wait and it might even drop further below. There is always reasons behind why people will decide to sell their altcoins when its price is at the button. It is better to sell at the button than holding till they become shitcoins... |
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for the long-term investment, you need to be rich first lol.
I don't agree with you on this. You don't need to be rich before you engage in a long term investment. Its all about knowing and understanding what you are investing into and having a reliable plan and strategy. if you're poor like me you need to take your steps for short-term (sad but true)
lol... This part got me laughing so hard. Joining the short term investment crew doesn't make you poor. Its an option in the investment ecosystem and has equal profit returns like the long term option. |
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Looking at the market dominance, bitcoin covers almost 70.5% of the market trade as of time of writing.
I don't agree with you on the fact the Bitcoin covers 70.5% of the market trade. Bitcoin might cover about 25% to 40%. If you are to combine all the altcoins market, bitcoin will cover about 40% but not 70.5%. You should provide the source of information to this your analysis. |
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It might be very helpful if you share your reasons why you think this project is a scam. The reasons will help them understand why you think this project is or might be a scam. |
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well, recently i read some article,and then, i am quite surprised about it. because Vitalik Buterin and Joesph Lubin says ethereum blockchain was never designed for scalability. firstly i think, it's just ridiculous statement. but well, since we know exactly what happened on ethreum blockchain, i guess that statement have some true point. they maybe never think before, ethereum will have tremendous popularity in the crypto industry. oh yeah , this their statement. well, any thoughts ? He has his own reasons for making this statement. In as much that you may have a good idea to develop or build something, how it will improve or succeed, you can't really tell. I'm very sure that Vitalik didn't expect Ethereum to be huge like it is now. You may find his statement ridiculous but I think he just trying to be realistic here. |
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I just shared this post to also promote Bitcoin. I wished everybody here on this forum could share this. We in the crypto space are the only once that could promote Bitcoin and make more people aware of the existence of this digital currency. I get happy when I see this kinda post on social media. This helps in the adoption of Bitcoin in a good way.. |
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Strangely James Bilal Caan claims that he was the founder of bitcoin.. But lost his hard drive.. Is this possible??
What you guys think about James? Why he use this type of statement.. Specially his explanation about his hard drive?
This is totally no sense. How can he say he lost his hard drive and we will just believe that. Satoshi is too smart to lose his hard drive knowing that it contains things value to him. This James Bilal Caan person is not smart enough to be Satoshi. He just wants peoples attention to make him trend. |
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There can easily be a decentralized world but the question is; will everybody love the idea of making the entire world decentralized ? Once there are people who are solely into the idea of controlling and managing the in and out flow things, they will fight against making the world decentralized. Due to the existence of these people, decentralization will just be a fantasy rather than a reality.
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Why Are Most Bitcoin Miners Located in China?Although Bitmain, the main manufacturers of ASIC miners, is based in China, other factors that attract most of the Bitcoin mining to the region include the cold weather and cheap electricity. While these are the infrastructural reasons for locating Bitcoin mining equipment in China, it only halfway explains why so much hashrate is concentrated within the region. The majority of the hashrate (over 70%) is shared among just a few mining pools and many consider this so contribute to why China could be the one thing that could stop Bitcoin. Here is why: Since Bitcoin mining has become very competitive, many independent miners find it difficult to carry out Bitcoin mining activities profitably. It became common that individual miners were running their equipment and consuming electricity without getting any rewards. The more efficient machines seemed to be taking all the money in the network. This gave rise to what we know today as Bitcoin mining pools. Individuals or groups are now pulling resources together to build gigantic mining farms. This results in more efficient machines that can mine blocks more frequently and the rewards are shared among the participants. https://www.youtube.com/watch?v=K8kua5B5K3IThe Bitcoin mining pool system has become so organised that an individual from any part of the world can simply subscribe to a Bitcoin mining company and their mining exercise. What interests us here is that the biggest of these companies and their Bitcoin mining farms are located in China. Technically, this looks like a structure that defeats the original design of a decentralized network. To worsen the case, it is happening in a region that is spontaneous with regulations and sanctions, as we’ve seen before. There are always articles and assumptions made with regard to the idea that China has about 70% of Bitcoin miners and also contributes to a huge portion of the total hash rate of the Bitcoin network. But no relevant evidences have been provide to prove this. In as much that China has cheap electricity does not conclude that most mining firms are found there. As it stands now, there is no specific thing that can stop Bitcoin. It is no longer at the point to be able to stop or destroy. |
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Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
The crypto market is not own by anyone but the market value of all the coins are mostly controlled by people with large amount of a particular coin since they can depict the trading price. The decentralized nature of the crypto netwwork and platforms makes it impossible for a central authority to own cryptocurrency and the rate at which a particular coin is in circulation.... |
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Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
So far as exchange platforms serve as the crypto version of banks and making it possible for people to easily buy and own cryptocurrencies, I do not have any problem regarding the number of exchange platforms being created. But the only problem I have with new exchange platforms is them creating their own crypto coins. To me, it is not relevant for an exchange platform to create its own coin. Most of these coins are just worthless coins flooding the crypto market with no specific aims that will have an impact on the crypto space. |
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I have been in the crypto world since a long time but i have not been able to make my portfolio and never earned anything...i dont have much cash that i can buy many different coins....i have only 0.01 btc right now  Please tell me ways if there are any to earn some different types of altcoins to slowly build up my portfolio with some valuable coins... Participation in Bounty campaigns and altcoin mining are the only possible ways I can think about if you are interested in earning free altcoins. But you need to understand is that to earn altcoins, you will need to either invest your time or some amount of money in order to earn additional profits to your invested capital. |
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Adoption has to do with people understanding and knowing the nature and purpose of Bitcoin and also knowing the relevance of Bitcoin in the financial ecosystem. People easily adopt to things that they can easily relate to. Introducing more bitcoin ATMs will not really guarantee the adoption of bitcoin into the mainstream financial transactions. The knowledge people have about Bitcoin and the entire crypto space is the cause of the slow adoption of Bitcoin and other cryptocurrencies.
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there is no conspiracy in action, it is just momentum. the price broke the very strong buy support at $9k+ and has been going down because of that thanks to a lot of stop loss orders, panic sellers with weak hands, lots of shorts and like always some manipulation.
I'm very surprised that people will see a demand and supply problem or situation of the Bitcoin market and just conclude with a conspiracy story or assumptions. People don't really understand anything about the entire nature of the Bitcoin market portfolio... |
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https://youtu.be/UF528l8fqKk Bitcoin is pretty much already considered Gold 2.0. Is that enough ? Does it still need to become a currency from here on ? Or is it the new "Gold Standard" that other currencies will be measured by ? Bitcoin has its own qualities and it is never gold 2.0. I don't really think majority of people in the crypto space have taken their time to read the entire contain of Bitcoin's whitepaper. The reason why the value of Bitcoin has increased with the pass of time is the increase inn the demand of it. Once the demand of something increases, the value of it also increases in proportion to the demand. Bitcoin is just digital money and not gold 2.0 |
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Bitcoin's future prospects could be better than the current one, but will the price continue down when it rises?
What is the probability of a bitcoin collapse? It is extremely likely that someone will attempt to take advantage of people's ignorance of the true nature of bitcoin.
If bitcoin's price continues to rise, people will soon be unable to ignore it; it will be perceived as the 'gold standard' for currency.
What are your thoughts?
You need to understand that, the drop in the market value of bitcoin is not directly proportional to the collapse of the entire bitcoin market and space. The frequent change in the value of Bitcoin is due to the fact of the decentralized nature of its platform base on the fact that, the prices can be determine on the demand and supply ratio of its market. And there is no way the price of bitcoin will go beyond $7k. The price will hit $15k in the first quarter of november 2019... |
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Bitcoin has always been the future of money and blockchain technology the catalyst making it possible to create a decentralized environment to promote financial freedom. The reason why Bitcoin hasn't been able to achieve its intended aims as describe by Satoshi in its whitepaper is the slow in the adoption into the mainstream financial space and the wrong understanding most people have about Bitcoin. When people stop seeing bitcoin as an asset or an investment commodity, bitcoin will be the future of money.
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Virtual currencies' (including Bitcoin) are a way to transfer value, but there is no established mechanism or legal framework in place to protect users.
Virtual currencies (cryptocurrencies) operate on a decentralized platform; that is users are basically in charge of the safety of their funds. Setting up a legal framework will not be able to keep the funds of users safe if these users do not set up security measures to protect their private keys secured for an external interference or third party. With cryptocurrency, users are solely in charge of their funds and how they decide to send or receive funds. Users are responsible for their safety, establishing mechanisms will not really be of help keeping the funds of users safe.. |
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Dear All!
What do you think about Bitcoin 7700 $ in the next two weeks. At least I see it like this. Consolidation completed. But Bitcoin is pulling down last the analysis. Although I may be wrong.
BR
Well, this is your personal assumptions but i don't think you have really monitored and studied the patterns at which the prices of Bitcoin changes. There is no way the market value of Bitcoin will go below $7k. Please spend some time analyzing the market before you make any assumptions. |
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looking at the current state of the crypto space, crypto insurance can not really make any significant change or reduce crypto crime. It will be very difficult for an insurance project or platform to restore stolen cryptocurrencies. most of these situation involve huge amount of funds being stolen and restore or repaying back such funds is not gonna be easy. The best thing that can be done to reduce crypto crime is an improvement of the security nature of exchange platforms and crypto wallet.. |
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