Forex provides a lot of opportunities, if you know how to trade or want to learn trading...it's interesting in the end)
according to my experience, not as much fun as when you are trading with cryptos, forex is just too much of complicated thing with probably higher risk if u don't have a clue what you are doing. I'm really comfortable with cryptocurrency trading and will never get back to this forex trading ever. Maybe someone else will have the same thought just like me. The risks are the same if you are trading bitcoin but if you are trading alts with a relatively low market cap then I think crypto trading is even more risky since those coins are pumped and dumped by dishonest groups trying to make money out of investors so you could easily lose your money if you are not careful. |
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Relevant chart:  Bitcoin has gone through several major bubbles so far but it has picked itself up every time. Even if bitcoin crashes this time (which I hope it will), bitcoin has benefitted largely from the media talking about the bubble, giving the cryptocurrency a huge number of new users and investors. Using the pattern of the previous bubbles, recovery will be almost instantaneous as people (such as me) realise the opportunity to make big bucks by buying at bargain prices. It will be as if the crash never happened. What a lot of people seem to miss is that growth is not something that happens in a constant way, we can even see that with humans, I remember that when I was young I spent a summer not seeing my fiends and when I saw them at school everyone was taller than me, so we cannot expect that bitcoin grows in a linear fashion, bitcoin is going to grow and then shrink and in this process it is going to develop until it is mature. |
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I think my trading profit in distance is about 2-3 percent per day. But sometimes i can do up to 10-20 percents but it depend from luck
That cannot be right, even if you started with a very low amount someone earning 10 to 20 percent daily will become rich in less than a year, so it is likely you are not counting the bad trades that all traders do once in a while in which they lose a lot of money. |
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There are specialists who say that the YUAN is going to replace the dollar, what would happen with the cryptography if that happens?
The yuan is not going to replace the dollar, it is just a currency used locally while the dollar is used all over the world besides things like that do not happen from one day to the other and it is a very violent process, in fact I bet that if that happened bitcoin will gain a lot of ground with the average person. |
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What do you think will happen with the bitcoin rate when it will be completely mined? I've heard quite opposite opinions on this issue.
And some (like me) believe that nothing will change for a long time after this.
No way to know unless there are some big medical advances, not a single one of us is going to be here when that happens, and if bitcoin is still around at that point in time it is very likely that bitcoin has become one of the dominant currencies of the world and that we think in prices in terms of bitcoin. |
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hopefully this does not happen because many people will lose and the livelihood will be disrupted as a result of the collapse of bitcoin.
It is naive to think that it won't collapse. It is overvalued. And someday there will be a huge correction. I don't want to spread fud or something. I'm just trying to be objective. Think about it. Crypto world now is a huge battle where a lot of newcomers are trying to make something better than Bitcoin. So, there are some projects like Ethereum who have perspectives to beat Bitcoin because of their technology. Of course it is not going to collapse, why are you so sure? A new technology does not meant that bitcoin is going to be replaced, people have this vision but it is wrong, did computers replace paper immediately? Did the cars replace horses immediately? The answer to that is no. |
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All right, with everything going on with bitcoin at the moment it seems that nobody is noticing that Litecoin reached $100!!!
This coin is also going really hard at the moment, and I think it will grow a lot more in 2018, what are your thoughts?
To be honest, I was surprised to see such a huge rise in the price of litecoin, this month has been great for litecoin and it seem things are going to get even better in the next months I think it is realistic to think litecoin could reach 200 dollars in the next year. Wow, never thought that LTC could hit $100, although I'm seeing it at $96 but it still good though. I think most of the coins now are being pump, and not just bitcoin. And just today, almost all of the top 5 have reached milestones as well. Its too bad that I have sold everything before, because I thought that LTC will remain tanked up to this year. However, the bitcoin waves bring positive outlook to the altcoins as well. It has somewhat influenced and renewed interest for most traders to go and get altcoins as well. Do not worry if you you do not have LTC, while we lost some profits at the same time, there is no point in worrying too much especially if you are holding most of your portfolio in bitcoin, since its growth has been amazing in the last months, however with alts so cheap this seems like the perfect opportunity to invest in alts. |
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The price of bitcoin has a more direct relationship with the supply and demand of it, than that of traditional currencies. The btc can lower its demand in a country, as a result of an attempt to regulate bitcoin, as in the case of China in this 2017. This drop in demand causes, of course, a decline in prices. But this, can be taken advantage of by investors from other countries. And in that way, take it back up. As we can see, its ubiquity makes its market truly globalized, not dependent on conjunctural factors of a single country.
Also the supply of bitcoin is very limited, only 21 million coins are ever going to exist, and not all of them have been mined yet, some coins have been lost, and many people like whales and long term holders are not selling their bitcoin and this makes the price even higher since the supply is so low. |
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I just came over from the 'Investor Games' subforum (hope I got that right). A guy there said he came across a site asking to double his bitcoin, he paid in $20 and got $40 the following day or so. He then went for a higher plan of $300 hoping to cash out $600 but they asked him to pay in another $300 before cashing out. He got confused and was asking for advice.
I think I've been there before. Before I became a forum member. I once came across one of those scam sites promising to generate bitcoins. Thought it was real, but when they asked me to pay some transaction fee, I was stuck. I had no money to pay the fee. With the benefit of hindsight, I know I'd have sent them the 'transaction fee' had I had the coins to send them.
Now, what have been your experience with internet scams?
How do we help people not to get scammed?
I was scammed once, it was before crypto but it was in one of those HYIP, I only lost 20 dollars and while I'm sad I lost those 20 dollars that has been one of the best lessons of my life because I have been able to see scams before it hits me and I have been able to avoid them and as such I have kept most of my money intact. |
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http://www.bbc.com/news/world-latin-america-42217798BBC reports Venezuela is moving to Petro coin to fix economy. Will this help? Will it hinder things? Will it bring negative light to crypto? First country to go totally crypto? Personally, I see more inflation and Petro failing terribly. They are doing this in order to avoid taking responsibility by the devaluation of their fiat, they could back their fiat with gold and all that other stuff like oil and call it a day, but since that will mean admitting their mistakes they are creating a crypto for it, but at the end is not going to work since they are going to keep printing more of it until they print it to oblivion. |
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You didn`t answer one question.Can you create a fake bitcoin?
It is possible to create fake fiat money,but can you fake one bitcoin core?I don`t wanna talk about all the forked bitcoins like bitcoin cash,bitcoin gold or every other altcoin.
BTC has value because the people have trust in bitcoin and they trust bitcoin because bitcoin can`t be faked(it can be forked,unfortunately,but this is another topic).
But the forks are not bitcoin they are something else pretending to be bitcoin, if they were something else they will take bitcoin out of their name but that will make them lose recognition among the community that is why you see so many forks but the only thing common between them is they do not want to take bitcoin out of their name, so those coins are copies and are not the original, you cannot counterfeit bitcoin the same way you cannot counterfeit gold, you can create something similar but never something that is the same. |
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This has happened in several other Korean exchanges as well and this means that it is just a matter of time before bitcoin does the same thing in other exchanges, to be honest I thought we will not see that price until the end of the year and now it seems we are going to see that price before the end of this month. That maybe true but bitcoin has been so aggressive lately and maybe just maybe bitcoin will settle $10000 before the year end just look at the growth rate of bitcoin lately . Ofcourse it is useless even if it reaches that if bitcoin doesnt settle for that value. Bitcoin gave to us its answer after a few days, it has reached 10k and surpassed it already, it seems crypto users are incredibly bullish when it comes to bitcoin even with some of the recent news regarding the IRS and what it seems to be a greater attention to all of those that hold bitcoin in exchanges. |
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I have heard that the United States is a world-leading bitcoin trade, but many commercial sites and ICO projects do not accept IP addresses from the United States. Although I'm not American, I still find it hard to understand because of this.
Because then they will be subject to the SEC and all the laws and regulations that come with this, as I said in my previous posts that should not be surprising at all there are many banks around the world that prefer to stop accepting US users than to have to deal with the US regulation, that should tell to us a lot about the US law. |
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Has anyone calculated how much money it would take to shift the Bitcoin price with 1% in any direction? <up or down>? Can one of the Bitcoin whales comment on that?
I know you have to do this on several exchanges to have a better affect, but I am just curious. We have seen some pretty huge spikes and dumps lately and I am just curious to know what kind of money are needed to manipulate the price.
Let's just have a friendly discussion without going into too much detail and reveal how easy or difficult this is and how much it will cost to do that. < $1000 spikes in the price in one day, must take a lot of money? >
A few billion US dollars for sure,but it`s not about how much money you have to put into this.The important thing is to spread rumors around the majority of the cryptocurrency traders about the future bitcoin price. The people just have to believe that the price will hit the moon next week,and they will start buying. Anyway,it`s not that easy to manipulate the market like 2-3 years ago. It needs to be less than that with a market cap of 184 billion dollars the 1% of that is 1.84 billion dollars, obviously if you have that you can manipulate the direction of the market up or down but in my opinion you only need a few hundred millions to create a downtrend or uptrend and after that traders and speculators will do the rest. |
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Hello i have recently bought some bitcoin and litecoin and was wandering what wallet or method is the best to store it in. (From the UK if that helps)
Thanks.
Regardless of what you choose try to stay away from Coinbase. I personally use Electrum, and a lot of people have agreed that it's one of the better wallets out there -- they've supported the major forks (to an extent at least with electrum cash), but Coinbase is just too steep with the fees. Try to avoid that because it gets in the way with trying to exchange crypto into fiat. Besides the fact that leaving your money in an exchange is always a bad idea we never know what may happen, now that the IRS has won the legal battle against coinbase I will not be surprised if in the future the IRS took control of their servers and you lose your money if you do not cooperate with them. |
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I guess it can be good at $12,000 by the end of this year and most of the next wave of pump will happen on January 2018 onwards. And by that time $10,000 is going to be the new floor price and $20,000 can be the ceiling.
Bitcoin does not stop surpassing our expectations, bitcoin is above 11000 dollars and there is a big chance this is not the end of the rally since we still have almost the whole month of December ahead of us, maybe it can reach 13k or 14k before the end of the year with the help of the CME. |
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Based on what I read, if the Lightning Network is in position, the transaction fees in the bitcoin side chains will be greatly reduced. Not sure how long it takes to implement the LN.. Hopefully not too late as Bitcoin user base is growing fast these days
Let us hope that is soon enough, it may happen at some point in the next year but there is not a definitive date, but I'm sure that when that happens a lot of people are going to have to eat their words when they said the lighting network was not going to work. |
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BTC surges past 9 k and short term threats are growing...
Short term positions are always most vulnerable when values are increasing or decreasing rapidly because that's when there's the most volatility. On the other hand, it is also when the most profit is to be had for people who are successful with their trades and in that sense it is a double aged sword. Short trading is very risky you really have to watch the price movement of every coin. Personally if you really want to experience the real growth then HODL bitcoin, and make yourself busy to other things, yes you are making money through that but you are wasting your time because you can't buy bitcoin as the same price in the past. I agree with your statement Short trading is very risky. But most people think of wanting to earn money easily without wasting time. I also occasionally experience it, so I have to wait for the coin to go down when the same price in the past. It is very risky but that does not mean that holding bitcoin is the best strategy, it is the best strategy for those who are risk averse or for those who are not successful enough with short term trading. But for those who want to gain large amounts rapidly then you should definitely give it a try. Holding is always the best strategy, many people that say they can get profits by trading are not taking into account the taxes they need to pay in each transaction, that was not a factor but now it seems heavy regulation is going to come our way and that is going to change. |
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What is your daily profit?
What percentage of your invested amount do you earn on an average (per day week or month)
I do not check it by daily because sometimes when you see your daily trade and you see your losing money you may do more bad trades. I do it monthly I have been trading in crypto for a few months and averaging $600 as of now. Day trading is only for those that are very good at trading I see this all the time, people see that you can get a lot of profit with day trading and that is what they want to do not realizing that day trading is also the the more risky of all the forms of trade, if you are a beginner you should begin with something easier. |
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Bubbles in bitcoin made the most simple people millionaires by just being geeky about it. Up to now, the said bubble has been holding strong for almost a year now, and skeptics remain skeptics because they don't even have money invested on it, thus the negative comments since they also don't share bitcoin's success. I just think that people that are criticizing and fudding so hard are those people who aren't really invested in the game. Bubble or not, it caused a lot of good things to people.
Probably you are wrong. Bitcoin really has all the signs of a bubble. But the future is not determined. It all depends on our actions. People are holding coins and unknowingly turn the bitcoin bubble. Only the use of bitcoin as currency can give us hope that it will never end. Bitcoin is going to be eventually used as a currency but how we can use bitcoin as a currency when the price of making a transaction is so high, this is why many people are waiting since there is no point in sending a transaction right now when the fee is going to be higher than the amount you want to pay. |
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