Bitcoin Forum
June 18, 2024, 04:53:40 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 [183] 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 ... 285 »
3641  Bitcoin / Bitcoin Discussion / Re: Are we now in a time of total uncertainty on: March 17, 2018, 03:09:54 PM
i don't think we can call this uncertainty anymore. at least that is my view of the market.
as long as price was between $9k and $12k and didn't break either line it was uncertain which way it goes, as i was saying back then the tendency looked to be towards going upwards. but ever since it broke that line and went below $9k and stayed there things became more certain. now it is more like a bear market than anything else.

of course this can also change and reverse but for now there is no sign for it and dropping is more possible.
3642  Bitcoin / Bitcoin Discussion / Re: a lot of FUD, here is some good news on: March 17, 2018, 03:04:18 PM
unfortunately the content of the news is not important these days, even if there are lots of good news people are still paying more attention to the negative news and specifically care about the FUD and act on that!
with all the dumping that is going on, there is some sort of readiness to accept all the FUDs to heart and dump instead of remembering that bitcoin is still the same good decentralized currency which has a limited supply!
3643  Economy / Trading Discussion / Re: Technical analysis methods on Cryptocurrency and IQ option on: March 17, 2018, 05:08:04 AM
don't put too much faith in Technical Analysis when it comes to cryptocurrencies, specially altcoins. because first of all the market is very small and easy to manipulate and second altcoins are mostly pump and dumps which makes it impossible to predict them. there is nothing logical about them to match any TA that is known. you can use it though, it may help to some extent but it won't be fool proof.

as for IQ options, as others said it is not even in the same category...
3644  Bitcoin / Bitcoin Discussion / Re: Why mining warning on: March 17, 2018, 04:57:24 AM
They say that city has the cheapest electricity in the whole world

whoever said that doesn't know what cheap means!
electricity cost in New York 19.8 cents as of February 2018. that is nearly the highest price for electricity in the whole world! the cheapest rates are around 1 cent and lower.
3645  Economy / Trading Discussion / Re: What is the best / hottest cryptocurrency to buy during the dip? on: March 16, 2018, 05:06:54 PM
just because prices are down, it doesn't make them also automatically attractive. it just means there is a dump going on which created these lower prices.
they become attractive ONLY if the coin itself has a good long term future and sadly that is only true for bitcoin and most altcoins don't have the same luck of being used anywhere else apart from trading short term pumps.
3646  Economy / Trading Discussion / Re: Financial Professionals Bet On Rising Cryptos, UK Report on: March 16, 2018, 04:45:06 PM
well it is kind of obvious that this downtrend will come to an end like any other trend. and when it does, the prices can start rising back up again. but the thing that you can never predict is the time when it stops and reverses.

i expect it to be a lot of rallies during summer time like every year but you can never know, it may be reversed tomorrow or next year!
3647  Economy / Economics / Re: Why are people doing so many things to frustrate crytocurrency on: March 16, 2018, 04:33:29 PM
I came across an article recently. Google is joining Facebook and Twitter to ban all crypto related ads. Why does everyone seem to want to frustrate crytocurrency?

there actually is a lot of good reasons for banning these ads on Google and Facebook (never heard about Twitter! though).
for example if you do a little search among the tech supports and the people who lost money you can see a lot of them have lost it to fake wallets. for instance the original Electrum website is Electrum.org, they put up an ad for fake-electrum.org on google and when you search for Electrum that pops up on top of everything! a newbie easily loses money this way.
the other too obvious case is the case of ICO scams where they receive a lot of money for their pointless token and then as soon as they receive the money they stop working and move on to next ICO.
3648  Economy / Speculation / Re: Bitcoin Trend Panic Sell Mar-Apr 2018 on: March 16, 2018, 04:21:47 PM
I see btc currently trending between 8000-10000. Most of the gurus were unable to predict the value of btc and some of them told it will be similar trend in march and april, even some news i heard that btc will down upto 2000$. I dont know what should i do   

"gurus" in this context means "people who are shorting bitcoin at the moment". and OP is probably thinking about it too, in which case i should advise you against it. because that never ends well for anyone.

the fact is that the panic sell is already over. what we can not predict is that whether it will start up again and how strong will it be next time. and know that each time, the panic power diminishes.
3649  Bitcoin / Bitcoin Discussion / Re: Bitcoin seems to be bouncing back up on: March 16, 2018, 04:10:33 PM
Yes. Although I will not be surprised if it goes back down again, a lot of people are speculation it will go down to 6k or maybe even 5k and I think this is possible before the price finally goes back up.

majority of what you read online is not "speculation" but instead it is "wishes" of those people.
so when you read someone saying "price will go down to $5k" in fact they are saying "i wish price goes to $5k". and most of them have already panic sold their coins at $8000 and now that it is $8500 they are making that wish.

it is worth mentioning that their wishes sometimes come true, but you should know that just because you read something a lot that doesn't mean it will come true. for example last year when price dropped from ATH of $1200ish everyone was saying it will drop to $600 but you can see it instead went up and only had a small drop to $900
3650  Bitcoin / Bitcoin Discussion / Re: Crypto exchanges and the essence of Bitcoin on: March 16, 2018, 03:59:21 PM
As far as I understand, blockchain and bitcoin imply anonymity and decentralization.
if by "blockchain" you mean the blockchain technology then no, it is not necessarily enforce anonymity nor does it enforce decentralization. you can see many altcoins that exist which are neither anonymous nor decentralized.

but if your focus is on bitcoin, then it is decentralized but it is not fully anonymous.

Quote
However, crypto exchanges now seem to...
exchanges are simply services, like payment processors, gambling sites, retailers, shops,... what each of them do has nothing to do with bitcoin and its anonymity and decentralization.

if you go to a restaurant, eat, pay with bitcoin and get food poisoning does that mean bitcoin gave you food poisoning or did the restaurant? exchanges aren't different....
3651  Bitcoin / Bitcoin Discussion / Re: Mining in Ukraine!!! on: March 16, 2018, 03:50:29 PM
On the territory of Ukraine, they are going to legalize mining and make this type of activity in the national classifier.

mining cryptocurrencies (whether it is bitcoin mining with ASICs or altcoin mining with GPU/CPU) is simply using your computer and some computing power to find a hash, and this process in practice is not something that the government can make legal or illegal. that is your computer and your computing power and you can use it however you want.

what they make (il)legal is cryptocurrencies themselves.
3652  Economy / Economics / Re: Shitcoins are necessary for the economy on: March 15, 2018, 04:35:15 PM
no they are not.
in fact these shitcoins, specifically all these ICOs which were made easy thanks to ethereum platform, are a disease that has been infecting the cryptocurrency world for quite sometime now.

why do you think there are so many bans these days? the recent news for example about Google banning crypto ads? that is thanks to all these ICOs and shitcoins. they are in fact ruining the name of cryptocurrencies.
3653  Economy / Economics / Re: Bitcoin, Crypto, and the Power of the Few on: March 15, 2018, 04:12:52 PM
From what I can see, the majority of BTC wealth is concentrated in the hands of the few, the same goes for many altcoins. The other day I saw a post that one person owns all the GVT in circulation.

regarding bitcoin this is only true if proven with facts not guesses. and so far people love making guesses when it comes to bitcoin and who owns what.
additionally it is not about how much some people own it is about how they own that much. there are two different things here:
1. the premine that altcoins use (i am guessing GVT is one of them) where the developer simply starts the project with all the tokens or a great deal of them belonging to him.
2. the distribution model of bitcoin where if you invest your computing power in finding blocks you will get the block reward and that has been true from the very first block that was found and the very first block reward that was created.

you can not compare these two together. the first one is obviously is a big no no! so lets focus on the first one and on bitcoin.

when bitcoin came out nobody was preventing YOU from mining it with your PC's CPU. some people did take advantage, spend their time, electricity, and computing power and were rewarded for it.
when bitcoin came out (after a while anyways) you could buy it when it gained a value. you could for example pay $10 and own a very large amount of bitcoin (for example 1000BTC) and nobody was preventing YOU from doing it. some people did that and are now rewarded for it.

you can not blame others for believing in bitcoin and taking the risk and investing their time and money while YOU did not.

you are not the first one to bring this up either. every couple of months someone raises the same thing and they miss the fact that in near future they will also look back at people buying today and think it is unfair that they bought at $1000 but now they have to buy at $100000


all that aside, bitcoin's purpose was not distribution of wealth.
bitcoin's purpose was to have a system of payment, a currency, which would be decentralized so nobody can control it or censor it.
3654  Economy / Economics / Re: Alternative investments on: March 15, 2018, 03:59:14 PM
Aside from bitcoin what do you think is one of the best alternative investments in the economy today?

well as i always say, it depends on the country you live in. the economy is not a global thing it is very different in different countries. of course somethings are global such as precious metals markets. and they are in fact good alternative investments.

but speaking locally, you may find even better investments. it can simply investing in small businesses, or investing in the stocks market even. or the popular one investing in real estate. the opportunities are out there and there are a lot of them, however you have to go and find them. i am afraid nobody is going to hand it to you.
3655  Economy / Speculation / Re: What do you think about this chart? on: March 15, 2018, 03:48:39 PM
a lot of things are very different from 2014 (for good or worse) the market is so much bigger, a lot of different people from different countries are involved including the Wall Street bastards.
besides i don't think we can really compare situations and expect the same thing be repeated even if the circumstances were the same.
3656  Bitcoin / Bitcoin Discussion / Re: 20% of British residents own #cryptocurrency on: March 15, 2018, 03:33:06 PM
i never liked the results of these types of surveys. they take a bunch of people and ask them some questions then release percentages. you look at them and unless you consider all the facts about these people you can not value the results.

for example i bet 90% of this group only invested in cryptocurrencies because they have heard you could make a lot of money from them and they only started last year which was the bull run. opinion of such people saying crypto is here to stay is not trusted because the same people are going to say crypto is dead if you ask them the same question today!
3657  Bitcoin / Bitcoin Discussion / Re: Has the era of speculation gone? on: March 15, 2018, 03:19:48 PM
you can hope for better days but that doesn't mean they will come.
the altcoin market will remain the small side product like penny stocks which nobody will take seriously and most of it is because of all the useless projects and all the copy pasting of the code that they are doing,

if a good project exists i assure you that it won't remain hidden and it won't require hype to go up. it will gain popularity and it will grow on its own. whenever you see some project is advertised to death, it means it has nothing to offer so it has to succumb to these cheap tactics.
3658  Bitcoin / Bitcoin Discussion / Re: Bitcoin Drops to $8,300 as Mt. Gox Trustee Sell Off Continues, Market Drops on: March 15, 2018, 03:07:07 PM
Mt. Gox Trustee thing is starting to turn into a boogeyman and it is used to scare off children at night.

yes it might have contributed to the drop a little bit but everyone seems to ignore the facts such as the dates which started months ago, and during the rise. and everyone was happy during the rise that ignored this sell off and continued ignoring it for at least 3 more months  since price was still rising while the sell off was happening. then as soon as the drop started everyone started talking about the sell off and the market drop was assigned to it!!!
3659  Economy / Speculation / Re: BITCOIN bounce back to $20k in 2018? on: March 15, 2018, 03:01:43 PM
you should never advise others to invest in bitcoin. it will never end well for either of you because thanks to bitcoin's volatility the price is quite wild and the people who invest in it to get rich don't understand a thing about bitcoin and they will blame you for not being rich overnight.

introducing bitcoin as a decentralized currency to others however is a very different matter. that is what you should always do. that way you won't make them into greedy wanna-be-rich-overnight idiots and they won't be blaming you for the price either.

to answer your title's question, the price may still surprise you. i don't think this year's bear market is going to last as long as previous bear markets.
3660  Economy / Trading Discussion / Re: Try to recover loss on: March 14, 2018, 05:37:40 PM
sometimes for traders, when the market is this bad and when you see that you are not capable of making profit from it, the best thing to do is to sell and go away to wait it out. because a small loss is better than a big one.

of course this can also mean missing out on a lot of opportunities, for example you may never see bitcoin this low again but at the same time it is the risk of investing too soon and missing the bottom.
Pages: « 1 ... 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 [183] 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 ... 285 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!