I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum. I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat? Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space. Seems like your country dumped their currency to start making use of cryptocurrencies, lol. Dude, this is the dumbest question I’ve ever seen today😒 how can you be asking whether it’s necessary for you to exchange your Bitcoin to fiat, if you don’t change it to fiat tell me how you’re going to make use of Bitcoin in solving some of your daily needs? You can change some of your Bitcoin if you don’t want to change all, and then leave the rest in your wallet for it grow. |
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Many of us use bitcoin only in exchange/trading site, while bitcoin should be more used in marketplace/online shop. Which one do you choose? Do you prefer to use bitcoin on a trading site or marketplace/online shop? And why do you chose that?
Since there is the possibility to make use of it for both, I will choose both (trading and shopping online). But to answer your question on which I’d rather go for if I’m to choose only of the options, then I will prefer to be making use of Bitcoin for investment and trading purposes. Using it for shopping online does not bring you any profit. But if you’re trading with it or investing in it you will be making lots of profit everyday. Investment and trading are much better what to use it for. |
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I think now is the right time to buy more bitcoin because the price is very low, but I think after a while bitcoin price will rise again and if we buy more now we cant make more money in the near future. What do yo think?
I don’t even know why people are always afraid. They keep on wasting their time until it’s too late for them and when price is already high they will start running around looking for a way to buy at cheaper price and start complaining and saying all sort of nonsense that Bitcoin price needs a correction. I wouldn’t blame them, it’s just their poor mentality and by the way not everyone is so lucky, some of them will invest when the price is already about to go down and they will invest and lose their money and start looking for who to blame. |
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See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
It’s good to have hope but do not have too much to the extent of believing that whatever you think it will be that’s what exactly its going to be, No! You shouldn’t count eggs before they hatch cause you’ don’t have the power to tell what can take place in this sort of thing. As for fear, that’s one of the worst things, in fact fear is your worst enemy in whatever you’re doing. When you’re ready to be a successful man, you wouldn’t fear to take a step and do what you’re supposed to do to achieve your goals. |
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Lol who told you that Bitcoin is not tied to conventional currency? Man it is. The main purpose Satoshi even made it was for it to be used as a way for making peer-to-peer transaction, but since it has a value that fluctuates up and down based on what is being invested on it, it continues to be going any direction based on what we invest, the price we are ready to buy and sell. So it is tied to conventional currency.
The value of BTC is determined by the market. If you are willing to buy BTC for $8200 and the other person in the market rather want to buy BTC for $8100 then both of you has to wait til someone is wiling to sell for the price you set. However the market place will set and average to which the basis for what the price would be just as how CMC shows the price is.
You’ve made the perfect explanation of this so no need for further explanation. And like you said it is fluctuating based on the rate of demand and supply, so that means that it is relying on conventional currency to gain its value, cause if we don’t invest our money (the real currency we are using) in it, then the value wouldn’t increase, and if it has increased already it will then start to decrease due to the rate of demand has decreased. |
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Nearly one billion dollars has entered bitcoin today according to cryptonic news item.This week has seen btc doing very well and all are excited.I know most people have individual plans for a moment like this,let's hear yours.
Yep I have also noticed that bull run is about to take off. Just last two weeks or so, the price has gone from $7k to $8.2k. Though it seems to have become stable at that price rate again. So I don’t really know for sure. I also heard of new projects that were released, some people claimed they were the reason why the price of Bitcoin has been going up, but the main question is when will the main bull run take off? Nobody knows that yet, but still will be a good idea for anyone to invest now. |
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As we all know that smartphones are just like computer nowadays that has strong storage capacity and processor. This I think could be enable to mine bitcoin and this is what I am waiting for if there are any smartphones company that would offer their smartphones for bitcoin mining or even as a smartphone that works as digital hardware wallet for bitcoin and other crypto. I am waiting for it to happen. Do you think that it will happen?
Smartphones are not up to the level of being used for mining of Bitcoin, cause it can’t. Even computer needs help to mine Bitcoin, that’s why we buy ASIC and other sort of miners to assist in mining Bitcoin and it also consumes a lot of energy, which means you probably have to be spending more on electricity. So I guess if any phone tries to mine Bitcoin it will just end up damaged, cause it doesn’t have the power it takes to do so. |
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Hi Guys
I've been in the crypto scene for many years now, first time post here over a dilemma I am facing.
So, I am fortunate enough to make 600k from buying and trading Bitcoin and other crypto assets, and I don't know what to do with the money. Personally I think this is the year I will become a millionaire, as I can only see the marketcap of all coins growing. But friends close to me think I am an idiot for not selling yet, and if it were to collapse to zero, I would never forgive myself. But they don't know the market like I do, and I do believe that it is only the beginning. They say I should sell 95% buy a house, a car and live a nice lifestyle. I am frugal, have always lived within my means and never spent any crypto money as of yet, but I am tempted to start spending some of it now. I am 26 years old, rent an apartment and drive a car worth less than most peoples pushbikes.
My portfolio currently looks like this....
43% Raiblocks
40% Oyster Pearl
5% Enigma
4%Dash
1.5% Bitcoin
and tiny holdings in Waves, Lisk, Stratis, Game.....
I think that both XRB and PRL can double easily this year.
This is not based on greed btw, I want to make enough money so I can buy my siblings houses and see them mortgage free.
What would you do if you were me? When do we call it a day and give up trading?
Many thanks for your help in advance.
Man’ I’m telling you, if I was the one that made this amount of money I would quickly quit and find something bigger to continue with and invest part of that 600k in a business like clothing, fashion and something like that, something that can bring more income and help me to keep on progressing. Though, another thing you need to know is that I’m saying this based on where I’m living, I will be okay with that amount of money, so you should make your decision based on if you’re okay with that amount of money but don’t be greedy. |
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Hey dudes hope you are well. I sell a lot of things on Craigslist. I am now planning on putting a couple things up and saying I accept btc or eth along with the greenback. Wondering if you guys have tried this. I
Seriously, I don’t see anything wrong with it. But before you do that, you should first check their terms and conditions to know what you’re allowed to do and the ones you’re not allowed to do. Why I’m saying this is because I don’t know how Craigslist really works, some platforms may prefer to process the payments themselves, so if that’s how they do theirs then there is no need for you to say that you’re accepting Bitcoin cause it might lead to them canceling your account or whatever may be the consequences of disobeying their rules. |
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I have been following bitcoins for the past 4 years. i am an Enginner. i remember how bitcoin was introduced to Me. To be honest, i was thruogh ponzi. i used to deposit over 0.1,0.4 to earn 0.7 to 0.9 bitcoins and i made a lot of Money. then, suddenly i decided to go for the killer jackpot and stack all my btc for once. i can remember clearly when a friend was advising me NEVER TO PUT ALL My eggs in one basket. i refused to listen and insist that it is only by strong will can one survived.
Unfortunately I LOST EVERYTHING. IT was my life saving. Both my earning and my interest.
To cut the story short. i borrow money form the friend that was advising me not to stake everything. i need to pay back. But i will never depart from my lesson learnt from the bitcoin stuff. i bought another bitcoins last year august and keep it away from anything. i strongly believed that i will still get my money and my friends money.
Thanks to the current Market, I HAVE TO SELL EVERTHING TO PAY MY DEPTHS.
NOW I AM FREEEE.
Investment is all about risk, most of us here have experienced it. So you don’t just act cause of what you passed through before. I have been through something like this but mine was quite different. I invested money in Bitcoin, then I was still a newbie, and when price went up I tried to sell and didn’t know who to sell it to. I came across a random guy in a forum and decided to sell it to him, unfortunately I got scammed. I wanted to quit but I reconsidered, it wasn’t enough reason for me to quit. |
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Hello everyone, I hope I will not be banned for this.
In general, I became a victim of fraud and this is due to bitcoin wallet. I'll tell you from the very beginning.
I got a job in one office, which deals with money loans. My task was to communicate with debtors and for every payment I had to receive 5%. One debtor asked his supposed friend to make a transfer to my account. My supervisor approved this and said that I hsve to take this amount and put on a bitcoin wallet. Today I got a call from the bank and said that the person who sent the money requires them back, but I already sent them. My supervisor does not answer me, the bank was told that they will contact me when the main office processes all the information that I gave them about the company and in general. In the bitcoin shop, I was told that money can not be returned if you have only a QR code of your wallet and an address. I do not have that amount to return that person (4,500 euros)
How can I return this money back? To hack this account or something like that. If someone does this, or knows someone who does this, I will be grateful for any information.
Okay, it’s such a pity that you’re going through such a situation, and I’m sorry for you, but one thing is that I don’t think anyone here is ready to help you with such even if there is cause it’s likely to be that you’re a scammer that’s looking for a way to hack someone’s wallet and steal the money in it (I don’t really mean you’re a scammer). You might be telling the truth, but be careful if anyone here agrees to do that for you cause they can also be trying to hack the wallet and steal the money, so it’s risky too. I will advise you to find someone where you’re living that will be able to do the job. |
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Hello there, its been a while since i made my last trade, over a year ago! Im thinking about going back into the game,however i dont know where i can buy bitcoin with a debit card. Previously, i used virwox and a bit of mining to obtain my bitcoin, however i do not want to pay extra fees. I would prefer to purchase bitcoin over a trusted site rather than private user. Im still a minor, thus wire transfer and interact payments are not feasible. Sorry if this is a repeated topic. Thanks in advance!
I buy locally from someone I know, so should I call that a black marketing or what? “😏😕it’s much easier for me to buy and sell that way cause it doesn’t waste time and also does not require much processes, payments are made straight from wallet to wallet and from bank to bank. You can also buy and sell through LocalBitcoin site. There are also wallets that let’s their users to buy directly from the wallet, so you can decided for yourself. |
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Recently I asked about day trading tips on this forum and got really nice response. Some one introduced me to Voodoo day trading community where I found perfect atmosphere to learn day trading and technical analysis: https://discord.gg/yBmNzRm I have spent last whole week in the free channel in the group and learnt some interesting tricks and earned a decent amount of money. Although free channel has helped me immensely so far but it feels like to reach the next level, I have to join paid channel. I wanted to ask that is it worth to pay for learning day trading or I could found free stuff instead? This forum has been a great help to me in past. I hope I will get some valuable feedback this time too. I learnt day trading from one of my friends back when I was into forex trading; I used the experience I had in trading forex to start trading on crypto and its as easy as forex, just the same thing. But don’t mind me when I say easy, there are times when you will lose money, it happens every time you just need to keep on learning till you get perfect. And for how you can learn day trading, check out some sites online with the help of Google you will find one. |
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Having dabbled in forex trading for the past years and starting my crypto journey.
I'm wondering what indicators are useful for crypto day-trading. How useful are SMA's or EMA's?
What trading platform has the most complete technical analysis tools?
There isn’t much difference between forex and crypto trading so I believe that if you know much about forex trading you will also know how to trade crypto. I am always surprised when I see some people that claimed to be good at forex trading complain that they don’t know anything about crypto, or maybe say that they think crypto is harder than forex or that forex is harder than crypto, lol. I don’t even think such people have been into forex, they just here to make comments that’s all. |
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Globalization was told for a very long time. Probably, this will be a new stage in the development of our civilization. This is a new form of human interaction. Perhaps the whole world will be without defenders and borders, without taxes and barriers. Bitcoin will take in such a world a worthy place of the world currency. Developing new technologies will help create a more developed society where there are not very magazine and very poor. Regulation will occupy cars, they are not expensive for the corrupt. We need a new world, it is perhaps a new and unified religion, which will affect all of humanity ... no longer warms, humanity can be really civilized. What do you think all about it? Maybe Bitcoin is part of the globalization plan?
Even without Bitcoin there are lot that we can accomplish in the world. Without Bitcoin there are still lots of ways you can send and receive money quickly without having to wait for so long, and there are also ways you can make payments online quickly. Making use of credit/debit card is a really fast way and doesn’t require much hassles like you will do when trying to pay with Bitcoin. There is also Transfer Go which is very fast and I heard that they now added Bitcoin and Ethereum, seems like they added Ripple (XRP) too. |
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Let's say bitcoin goes on a major bull run before the the end of the year...are you prepared to cash out? Are you ready to cash out or are you content to hold for longer? Will you be ok with paying coinbase fees to cash out or will you use other methods like LocalBitcoins.com for peer to peer transfer. What will you do? What method do you think is best?
Quite funny when I see some people complaining about Coinbase fees for cashing/withdrawing to banks, it’s not even much. Same as people sometimes complain about fees for transaction (well, that’s a little bit different case). But if the price happens to go up before the end of this year, I will probably withdraw and there are lots of ways I can do that. I can decide to sell through localbitcoin, or maybe withdraw, if not I can also sell to one local exchanger that I know and I prefer selling to him cause it’s very fast and he’s way more reliable and lives in the same country with me, pays to my bank account straight. |
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So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy?
Everyone has their own reason. Some are still just newbies that are so dumband knows nothing, they just go straight and invest on whatever they see without carrying out some proper research. Another set of people are those who thinks they are too smart and since the token is still new they can just pump it and dump it immediately, leaving it for those that are coming in newly a) to get trapped in it and lose their money. Others can be those who thinks that it’s going to really work out, but at the end it never does. |
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Many people say the government is not interested in cryptocurrency. Many people think the government has prohibit crypto to protect investors from risks. Maybe in your country, that's true. But in some countries, especially developing countries, the government just wants to rob your assets. They rob publicly, lawfully and as much as possible. they are really bandits.I'm not afraid what they do. Because we have many ways to fight them. But this world is not as simple as you think.They can kill you if you are demonstrating. You can ask any vietnamese that : Do you support your government ? I bet 99% answer is never. 1% remaining I'm sure they are goverment employee or their family.  That’s not true in most places, and without doubt my country is one of those with bad government. The government are working on their own interests, and they mainly criminals and never do the job they are supposed or serve their country the right way. That’s why people are being advised to vote, but some of them never listen. We should always vote to take out the bad government and vote in the good ones. If the government of my country happens to be against Bitcoin, I don’t think it’s for any good reason. Do not trust government. |
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The forum is full of topics - “When Will Bitcoin Be Back To $...”, “Why BTC is under $...?”, “Final bottom at $...”, “Why BTC is down again?”, “Bitcoin will rise again ?” etc. The last two topics may appear in various forms a dozen times a day.
I looked at graph price of BTC out of curiosity. I have noted to the price floor:
2015 - $200+
2016 - $300+
2017 - $700+
2018 - $5000+
Do you see something frightening in it?
We all can see that price drops because of actions by a Governments and big whales. Because they have the means and opportunities. They want to break into the our market on advantageous terms for them. Okay, well, I mean, that makes sense. We knew it would happen. But why that have to affect us?
In December 2017, the most people said - "Why I didn't buy BTC for $500… for $1000… f#ck it!.. for $2000...", "I will definitely buy BTC if it costs $7k-6k!..". But now when the price drops so well for us, we see "The demand for BTC is dropping". Seriously?!
So, instead to take advantage of the situation, buy up coins and altcoins, attract new people in crypto world more active than before, a lot of people stuck in indecision and think whether crypto market falls to the bottom and stays there.
Guys, are you serious? Crypto world is made by us. Governments and big whales haven’t any tricks to rule our world. It will happen only if we do nothing.
What do you think about it?
No matter what you do you can’t stop people from complaining about Bitcoin. When price is going up they are complaining and when price is going down they are also complaining, lol…. So. You can’t stop them from doing that. You can never please everyone. I can remember when the price of Bitcoin was around $18k and everyone was complaining that the price is high just because they missed it, and now the price is down and they are all still complaining. |
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I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
Not the whole market (cryptocurrencies) so which ones are you talking about to be exact? Do you mean like Ethereum, XRP, Bitcoin Cash and those top cryptos? Cause other cryptocurrencies apart from these ones I mentioned and few others would always go down when the price of Bitcoin is rising because investors would always withdraw from small cryptocurrencies to invest their money in the big names to make huge profit. |
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