for that i always suggest everyone to buy in steps. you first come up with a price range that you speculate is the bottom or won't go lower than that. for example $1900 to $2100. then you start placing all your orders. majority of them in this range. then you place some lower orders but smaller for example you place $8000 in total of 10 orders in that range then place 2-5 orders of total size $1000 in $1800 to $1900. also you place some orders above the highest price for example at $2200 you place 2-5 orders of total size $1000. As a variation of this, you could also go the route of dollar cost averaging and simply invest over the course of a predetermined timeframe regardless of price (say, USD 500,- each day for 20 days, or USD 1000,- each week for 10 weeks). This way you can even out large swings, without trying to guess a possible bottom. Either way I definitely wouldn't invest the lump sum of USD 10,000,- at once.
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If you think the fundamentals of Bitcoins are strong enough, you won't worry about a small drop such as this. Corrections happen in every market, and with the higher volatility of Bitcoin the swings are stronger of course.
Every problem we discuss revolves around bitcoin and its potential. All the fluctuations and adjustments, they are causing losses to a lot of people, but conversely, many say it is good for the market. It's only a loss if you sell. If someone gets spooked by Bitcoin dropping down to the price levels of 7 weeks ago, then they probably shouldn't have invested in the first place. The fundamentals haven't changed in the past few weeks, only the price has.
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Bitcoin miners don't want third world profits ergo there won't be any provision for them.
I believe something will spring up eventually that does allow anyone anywhere to get a foothold in the online economy. I also believe Bitcoin can never be it in its present form. Lightning Networks won't solve anything of that nature as they require on chain transactions.
On chain transactions are required to pin Lightning Network to Bitcoin. It would still save a lot in transaction fees because you wouldn't need to do every single transaction on chain, just the initial one.
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This might be a dumb question, but I thought I'd ask it anyway. I've noticed that every time Bitcoin significantly drops it drags down the prices of alt coins. Now let's assume that the price of Bitcoin skyrockets in August. Would that increase the price of most alt coins as a result?
Depends on your point of view. From a Fiat perspective, most alts usually stay at more or less the same level. Which means that from a Bitcoin perspective, they drop like hell. Most alts only flourish when Bitcoin is somewhat stable or slightly growing.
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There are so many coins, over 95% of them will be dead and will never EVER have any real usage. I see people shilling shitcoins on twitter, telegram, slack, etc. and all that so they can later dump on people that are new to the crypto and fall for this. It's setting a very bad image for newcomers and taking away money that could be invested in the growth of real coins with potential and future. If you say something or try to warn someone, you are called a troll or FUD spreading because everyone in crypto right now thinks that they will get rich quickly on some coin that will be dead sooner or later.
ICOs... same story, I don't even want to start with this... Why are people so dumb and how to prevent this?
Warn people that are willing to listen and have everyone else learn it the hard way. It's a free, unregulated market after all and IMO it should stay that way. Most people know its pump and dump anyway by now, so they just play the game... which is fine with me, as long as they know what they're getting into. The market will (and is) correcting itself. People will learn their lessons. Most alts and ICOs will continue trading in low levels near obscurity. Bitcoin will move on. And some time in the future we'll have the very same hype cycle all over again...
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If you think the fundamentals of Bitcoins are strong enough, you won't worry about a small drop such as this. Corrections happen in every market, and with the higher volatility of Bitcoin the swings are stronger of course.
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No such thing as eternal growth. Whenever Bitcoin grows, the alts grow even more. Whenever Bitcoin falls, the alts fall even harder. Bitcoin is going down because the ICO developers are selling their ETH for BTC and then selling BTC for USD and then selling USD for Lambos/Blow/Hookers.
♫ It's the circle of life... ♬
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Once again the alt coin market proves to be a bad hedge against a BTC drop :X
Still kinda disappointed that ETH got pulled down so strongly as well, I almost believed that ETH finally was an alt that managed to decouple itself from the BTC price. Same old, same old.
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Short of catastrophic global events I'm pretty confident that Bitcoin is here to stay for a couple more decades. Question is whether it will stay relevant or return to a shadow existence in the weird corners of the internet.
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I am sure the curriculum in colleges is influenced by the country you are in and the government which is in power. If you are in a socialist country, then the economics classroom is likely to teach anti-capitalist, pro-socialist, propaganda.
If you've ever seen the term globalist used in economics or political discussion. Globalist implies anti-capitalist, pro-socialist, propaganda being pushed on a global scale. Many globalists are secretly members of the communist party. They're the ones who hate america and want to see it destroyed, they resent the sight of the american flag as its a symbol of capitalism and freedom. What is this, the 1960s? Is communism-scare still a thing in the US?
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In recent weeks LTC has gained traction, that's true. But don't forget that LTC didn't fare well in the BTC bear market of 2014-16 either. LTC still has to regain its pre-bear-market price level of > 0.033 BTC In fact, the question is not so much about Litecoin here It is more about Bitcoin itself and its failure to efficiently and effectively solve the issues its currently faces. Litecoin has SegWit and Lightning Network activated already, but they are utterly inconsequential so far (since it hasn't yet reached the level of adoption where they would make a difference). In this way, the current rise of Litecoin is mostly due to Bitcoin's failure, and, ironically, if Bitcoin starts spiraling down as it had been growing in 2014-16, Litecoin may regain its price levels of over 0.03 BTC per coin without actually rising in dollar terms just due to Bitcoin going down Good points. Will be interesting to see whether SegWit and LN will differentiate LTC enough for it to be not taken down with BTC during the next bear market. The alt coin market still smells heavily of pump right now, so I'm skeptical how much of LTC's recent recovery has been on its own merit.
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Your Username: HeRetiK Position to Apply: Sr. member Your Current Post Count: 495 Your BTC Address: 14wcruSDsiwSyHSRoC4cAb4UqTAJdGSJ5V
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This bear market, if it's a bear market, won't last long in my opinion. It's a growing market and we will rise again in the long term. Btw only good project with real usage will survive and those recently overhyped may hurt a lot.
Yep, and that's where a lot of people will get burned. Pretty sure that only a miniscule amount of projects will even survive the next 2-3 years.
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Alts have been doing terrible lately so I would count on people getting back into bitcoin come August 2nd when the world didn't end. Who cares about litecoin?
Litecoin has been doing just fine recently Moreover, it has been going up when Bitcoin has been mostly stagnating, which is a very telling sign if you ask me (provided this tendency gains ground in the coming days and weeks). It is not rocket science that people will pour their money into the coin which is able to offer them consistent profits over longer time frames. And Litecoin has been outpacing Bitcoin in this regard as of lately, so it is just a matter of time. A matter of time over which Litecoin is more profitable than Bitcoin. As simple as it gets In recent weeks LTC has gained traction, that's true. But don't forget that LTC didn't fare well in the BTC bear market of 2014-16 either. LTC still has to regain its pre-bear-market price level of > 0.033 BTC.
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Sometimes it's best to cut your losses. If it's too late to cut your losses, you may as well wait for a slightly better price. Just don't expect to get back in the green.
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I mainly use Trezor. Bought it for cold storage, began using it for everything else due to its amazing ease of use.
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I don't think bitcoin will stay usable as a currency, but rather a store of wealth.
You don't go about trading gold at a local supermarket either.
There are coins out there that are better suited for this than bitcoin.
So far none of the alt coins appear to have solved the scaling issue either? Please correct me if I'm mistaken.
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I'm interested in joining your campaign.
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Kann man da nicht die Transaktionen in der Blockchain als Beweis anführen?
Das Problem wird wahrscheinlich sein, dass man nachweisen muss, dass man auch investiert hat. Man könnte die Bitcoins ja auch vor Jahren für eine Dienstleistung oder durch ein Faucet erhalten haben. Dann entfällt der Charakter der Investition und du musst es so oder so als Einkommen versteuern. (Disclaimer: Ich bin kein Steuer-Experte, aber so habe ich es bisher verstanden) Ist ein guter Punkt, aber auch wenn Bitcoin für Dienstleistungen als Einkommen versteuert wird, müsste in dem Fall glaube ich tatsächlich das Finanzamt "beweisen" das schwarz Geld für eine Dienstleistung angenommen wurde. Wenn du privat etwas über Kleinanzeige verkaufst und das Geld auf dein Konto überwiesen wird, verlangt ja das Finanzamt auch keinen Beweis dafür das du nicht nebenbei für schwarz Fliesenlegen warst. Zum Thema selber: Ich glaube auch, dass, so blöd es auch klingt, in erster Instanz tatsächlich ein Screenshot / Link der Transaktionen reicht (sowie das bereits erwähnte klärende Gespräch). Rechnung oder ähnliches kann das Finanzamt ja nicht erwarten (weil Privatverkauf). (Disclaimer: Auch ich bin kein Steuer-Experte)
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