the only reason anybody who ever invested in Dash or any of the other altcoins has always been one thing and one thing only: to make more bitcoin from their pumps.
anybody who says otherwise is either lying is fooling themselves.
nobody really cares about any of the things that OP said and nobody really uses any of them. heck the majority of the investors don't even have a wallet of that coin and they just keep it on the exchange wallet during the temporary pumps to the top to dump there and get the bitcoin out to the cold storages.
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i seriously doubt if OP or anybody else in the whole world have been buying Coffee with bitcoin at least not regularly. maybe once or twice but nobody has ever done it on regular basis. when people invest in bitcoin and get sick on a small drop and get thrilled to the moon when it goes up, they are not going to spend their precious coins on things like coffee regularly.
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Alright, forgive me if this is a dumb question, but I'm not too experienced when it comes to day trading.
So, lets say 100 people buy 10$ worth of a small altcoin; would that not cause it to skyrocket in value? I know that it wouldn't last forever (just a simple pump) but it would probably get pumped enough to allow the original people to sell and get a little cash. Am I right or do I just have no idea what I'm saying?
as my top comment said, it is about the supply and demand. look at the orderbooks to get some feeling of how much money is needed to push the price up. for example for some altcoins that are big it is about 50 BTC to push the price up less than 5%. but for some it cane even be 0.1 BTC to push the price up 50%. after seeing the orderbook remember than not everything can be seen in already open orders. there are bots using the exchange API or using features inside the platform itself that will trigger when the price moves (up or down) and they come in for sell or buy respectively and that will also mean some resistance.
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there is nothing i am afraid. only thing that you can trust for long term investment is bitcoin. all the other altcoins will go down in the long term and only it is in short term that they get pump and dumped and can give you any profit. and always try to do your own analysis instead of asking others to tell you what to invest in.
there was one altcoin called DMD (Diamond) that i think had a pretty good stable price and if i am not mistaken it was a POS system. you might want to check that out because i don't have many details on it.
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(2) The bitcoin user network will grow 61 times through 2030. A population of bitcoin users comprising 5% of the world’s population in 2030 will drive the price to $500,000 in 2030. From 2013 to 2017, the network grew from 120,000 users to 6.5 million users, nearly a 54-fold gain. Such growth would produce 400 million users in 2030. SPECULATION - they're assuming that bitcoin user network grows at the same pace that it has for the last 4 years.
you are right, it won't be the same speed but instead it will actually speed up. in the early years everyone is so afraid or not aware of the investment. then the smart money comes in then the rest come in and price goes up. after some time a history shapes up and regular people can see it and come in and as things become more normal more people stop being afraid and come in. on top of that the adoption such as Japan announcement recently and so many others will bring in a lot more users. so in the end the user base grows at a much faster speed. (3) The average bitcoin value per user will hit $25,000. When institutional investors cash in their bitcoins, bitcoin-based ETFs and trading by sophisticated investors will increase, pushing the average value to $25,000. With a current market cap of $17.4 billion and 6.5 million users, the average user now holds $2,515 of bitcoin. SPECULATION - logically it could happen, but it requires access to Wall St. And unless you were living in N. Korea, you know that the SEC said "no" to Bitcoin ETFs on Wall St. This makes it unlikely that this access will be gained in the future, since the issue the SEC had was lack of regulation over the Bitcoin market.
you don't know that either. you are expecting because SEC denied ETF now it will do it in the future too which is a wrong speculation.
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well this is not new! i am not from US but this thing with taxes and bitcoin has been around from 2014 when IRS officially released their statement towards bitcoin and gave the guideline so that taxpayers can fill the appropriate forms to pay their taxes while investing in bitcoin. I believe that applies only when you buy and sell bitcoin at an exchange, where the exchange has all your personal details and accounts. If you just hold your bitcoin outside the exchanges, no government will be able to tax you because they won't know how much you have.
i think that can still be considered as tax evasion. you can ask @BurtW about it!
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The volume is extremely high but it is not a panic waterfall collapse. That to me is very bullish. It indicates to me the smart money is trying enter at the lowest price they can before the next blast off.
I hope so. and i guess we will find out soon enough. right now price is 0.0076 BTC for litecoin on polonix and that is about $9.24 with $1217 bitcoin price taken from bitfinex. Nearly all the altcoins are down because the market is confused and thinks that Blockstream has defeated Jilian Wu's BU, but I expect BTC is topping out at $1200 (range bound as I predicted many days ago) once the market realizes that this BS about SegWit signaling on Bitcoin gaining momentum is nonsense. Bitcoin will never get scaling. The market will digest this, Bitcoin will stumble and Litecoin will rocket up.
nearly all altcoins are down because their pumping period ended. and after a pump a dump comes. in other words when a price goes up fake and fast it enters a bubble and bubbles always burst and price comes down and it only speeds up at some point. and nobody cares about the names like Juhan Wi or whatever you kids throw around these days. that is a fight between two parties over who takes the power and we are all sick and tired of it and market makers are laughing at those who fall for the bullshit while they accumulate cheap coins. and again we will see soon enough. current price of bitcoin on bitfinex is currently at $1217 The market is stupid because Bitcoin will actually benefit from scaling on Litecoin, but the market has to go through its gyrations. In any case, my thesis is Bitcoin remains range bound until Litecoin catches up, because the charge says "It Is Just Time" and because Bitcoin can't move up until there will be scaling in the Satoshi's PoW ecosystem. Litecoin will get it, Bitcoin won't, but that it is a good thing for Bitcoin. Market doesn't realize any of this yet, but the smart money does.
SegWit on litecoin is not for scaling, it actually doesn't need scaling with the faster blocks and with ability to handle more transactions in them (although it has many downsides that i don't want to get into here). i suggest you read the article by Charlie Lee about why SegWit is being activated on litecoin and malleability fix that SegWit is offering. and stop with the drama of bitcoin being limited and needing fix,... it is a way too old FUD now and nobody listens anymore.
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So I tried this strategy at a dice site and I'm thinking of the odds of winning So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis Now, I could win like 9-11 times in a row, sometimes higher and lose After losing, what would be the chance that I could lose again twice in a row? I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher. What do you guys think?
i think this is a very common mistake that people make (me included) ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) bets that we make are completely independent on each other. your second bet has nothing to do with first and third has nothing to do with second and first and so on to the end of infinity bet. this means with each bet you have the same chance of win or lose. you can roll the dice on 92% win chance and lose. then roll again and lose and again and again until the end of time because you simply have 8% to lose each time and it is there each time you roll the dice, it doesn't go away just because you lost once or twice or 10 times. with that said, your strategy is what i am doing sometimes and it works sometimes and it doesn't some other times. but mostly works since the 92% win chance is big on its own.
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losing money is always a part of the deal. you can't always predict the unpredictable. for example you invest in an altcoin and bitcoin price goes up to $1250 and makes the altcoin market crash hard like today and you lose money. the important thing is to know how to deal with each of these situations. you can for instance have some stop loss limits to prevent the bigger money loss.
and in an investment you should always have clear plans. and know why you are making that investment. it should always be based on a good analysis of the investment before making it. listening to others is never going to end well.
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The volume on LTC is building. LTC has far too high of volume lately to stay so undervalued. The pressure is building. Also, fiat is coming into LTC via Coinbase, so that in my mind is enough to push LTC's price up regardless of SegWit activation.
The volume is indeed insanely high. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fimg4.hostingpics.net%2Fpics%2F790250LTCApr10Volume.png&t=665&c=U6fltMg6brjSrg) $98.5M in the last 24h. LTC Market cap is currently $417M $98.5M / $417M = 23.6% I can't see LTC not going up again ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) when price is changing volume goes up too, it doesn't matter if it is changing for the better or for worse (down or up) and it only shows people who are making trades to take advantage of the changing price in short term aka day trading. and you can't say it is positive. and in this case the high volume shows a massive dump in the past 24 hours. what is positive and shows good signs is when price is stable or with little change but the volume is high which shows accumulation with smart money coming in without anybody noticing. i am not saying litecoin can not go up again, i am saying your conclusion is wrong.
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Time bomb
But, two things could go wrong with ethereum's big switch.
One would be if Casper does not work as planned. In this case, ethereum could simply delay the switchover. The second is if miners continue mining the old chain. But ethereum has always had a plan for that – something called the 'difficulty bomb'.
Baked into ethereum shortly after the network launched, the difficulty bomb was created to make mining a block increasingly difficult over time. The slowdown is set to happen gradually at first, but will spike upward after the launch of Casper.
When mining requires more work, miners are not able to produce as many blocks. The block time gets longer and, as a result, miners earn less and less revenue. Eventually, the network just becomes unusable.More in the full article http://www.coindesk.com/ethereums-difficulty-bomb-smoke-no-fire/ very interesting, thanks for sharing this here. and as for the changes in ethereum, they have always been thinking about their own benefits and how they can make money from every move. i think the change will come when they feel like there is no more room for pumping the coin in the traditional way and when they want to increase the price more. and that day may not be so far with ethereum price going down as we speak and with bitcoin price rising and crushing all their FUD that was said in the past 2 months that led to their pump. i believe Vitalik is holding the switch off as a last resort, to switch and give the coin a new life and pump it again. and the good thing with etehereum is that it is centralized so they don't need any kind of consensus, we saw how they forked last time and it can happen at any other time in the future too.
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I don't necessarily think that $1,400 would be a goal that we are able to go to this week.
We have seen steady increases over the past week, up around $100+ dollars so far.
But bitcoin going another $200+ this week? Not very likely. Although I am a strong bitcoin believer I don't believe that having short term boosts that are so dramatic in bitcoin price is necessarily a good thing.
I would rather just have stability, for bitcoin to become a hedge against fiat inflation, much like gold.
I agree with you and I also think a sudden rise of 200$+ is bad for bitcoin since it is not showing a healthy market but instead it indicates a manipulated market therefore after that dump will surely happen. I don't want to see a dump soon now as a bitcoin believer but I would rather like to see the price increase slowly than seeing it peak to 1400$ then seeing it go down suddenly afterwards. price has been rising slowly for a long time. there are always bumps on the road and we can't do anything about it. it actually is a healthy and normal thing. price was in a mini bubble because of the ETF hype and that had to pop and it did when price went down a little. but then the FUD about split hit the internet and caused the dip to become a lot bigger than it should have been and now we have been back on track for 1-2 weeks now.
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very interesting long term portfolio, i'll make sure to follow it.
one question though: why are you reporting the amounts in USD instead of BTC? majority of the altcoins and most of your list don't even have a USD market and we can only buy them with BTC and price is also determined based on BTC.
what i mean is, when their price goes down and bitcoin price goes up, their USD value may stay the same and be misleading. for example X is worth 0.001BTC equal to $1.17 at $1170 bitcoin value. if X gets dumped down to 0.000936BTC and bitcoin goes up to $1250, X is still worth $1.17 so your portfolio shows no loss.
but in reality you have lost 0.000064BTC per coin or $0.08 (or better say missed on that profit).
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I am curious and would like to know how you choose and pick your bets? Do you have a certain strategy or is it just your gut feeling?
since i am mostly making bets in dice games, then all my choices are based on "gut feeling" and also based on the strategy that i use in dice, which is again mostly martingale method so the bets depend on the result of the last one. but if i make any bets on other games such as poker or sports betting, then the pick is based on the game and my opponents. so it will be so very different things in different games, mostly based on little experience that i may have. Do you secure your bet on one site by setting a further bet on an other betting site?
how would this even work?!!
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Nitrogen is good site where I spend most of my time lately. I will give my vote to them, and of course fortunejack is still one of my top bitcoin gambling sites. There is many new names as I can see, I didn't vote couple month's and now I'm a bit surprised, and that is a good thing, in future this list will be very long.
i only see 2 or 3 nearly new names. but they have been around for about 2 or months now. and it is a good thing that they are staying around and even getting some votes and players. because it is always good to have other options and some competition in the business. that makes the old sites try their best to stay on top and the new sites to try their best to compete with them. and in the middle of all this users will have better experience by getting better services.
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According to you, on average how long is the period of a long term investment in an altcoin?
i don't have a fixed amount of time but it usually won't surpass 1 week. Does it actually depend upon the coin or the margin of profit you're after?
obviously yes. it depends on both the coin and how much profit i know that coin can potentially give me. some coins can go very high while others can't or at least have a very low chance of doing so. and also it is always a matter of time. about when i find out about that coin and when can it buy it. if it is before the pump starts then obviously i will keep it longer to the very top. but if i get in late i will obviously dump it faster too.
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Any marketcap other than bitcoin's is a smoke and mirror illusion, any marketcap lower than $10B should not even be considered because some big investors could easily manipulate the entire ecosystem but not with marketcap above $10-$15B as the risks are too high for a few big whales. So I wouldn't count on alts that much.
marketcap for cryptocurrencies is just a number and a meaningless number at that. being bigger or smaller or setting a limit to be meaningful above it and not under it, is all wrong. you think coins such as Eth and XRP have real marketcaps? of course not. it is a fake number which is achieved by simply having a huge amount of supply.
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For some reason, majority believes that robots do trade on their own (doing all analysis, making decisions)...
First of all it is an automation tool! Saying that one trades better by hands is similar to saying that one can hammer a nail better with bare hands (like Chuck Norris in "Way of the Dragon" I assume).
when you use the word automation, many take it as in "click a button and start earning money" and some of the advertisements are causing this false way of thinking too. they promise an easy way of analyzing, "Artificial Intelligence" lol, and many other things and someone from outside who has never had any trading experience but is desperate for earning money this way will surely want to try them. and end up regretting it.
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Hello,
I saw that there are so many bitcoin dice gambling sites and new ones starting each day. So my question is if owning such site is profitable? How much starting capital would be needed to start dice gambling site?
Yes , owning or running a bitcoin dice gambling is profitable knowing that bitcoin or altcoin dice is much popular because of its fast win or fast lossing way of playing gambling .but it need much work not only money for it to be successful. I think about 8-10 btc to start is quite enough for some advertise and back up funds . Are you sure you need only around 10 BTC to start a gambling site? It is very less for bankroll to maintain unless you're planning to come up with moneypot app so that you no need to worry about bankroll and just need to create a site and market your site. But still, 10 BTC is less for any bitcoin site to maintain and promote. you can start a gambling site with much much less money. even with something like $50=0.041 BTC only paying the cost of the domain, hosting and the script that can even be free. the costs however doesn't end there. you will have to advertise, do some promotional campaigns. and also have some money to pay people who win because you won't make profit the first day or first week. and unless you want to be tagged as a scam gambling site you have to plan ahead. however, in the beginning people won't be winning much since they won't invest a lot because of trust and also there is always possibility of accepting investors to fill the bankroll.
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I do not think it`s a good time to buy ltc because btc began going up and everyone will jump on btc train soon.
Ltc dump is temporary. Ltc will be above 0.011 this month, What's with these speculations always being in bitcoin.Speculate in USD like every other damn investment. Bitcoin might be at $900 or $1200 at the end of this month. Ltc have inflated on segwit, to fill there more people ... will fall a long time again at 0.004 I think What do you mean by "Ltc have inflated on segwit, to fill there more people"? he is trying ti imply that because of the news about SegWit price of litecoin has gone up and it is pumped. but he is forgetting that the pump started before any change in SegWit adoption and because of the dump of Ether and Dash and all the money that came into litecoin outside of those pump coins. SegWit started after the pump started. and yes litecoin may be a pump right now like other altcoins but it is not over and falling back to 0.004 is not going to be in the near future. p.s. back up to 0.009 BTC now.
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