|
Depends on your economical situation. If you need the money, well first of all you shouldn't have gotten into crypto with money you needed, than you can cash it out and leave because there is nothing you can do. If however you do not need the money, than you would have to wait it out.
I mean what are the other options, if markets go down and you need the money than you will have to cash out because you need the money, otherwise don't be silly and wait until the prices go back up and you can profit again.
|
|
|
|
|
Unique? I mean there are the common ones that you can just sit around in your pajamas and gamble. Thats a common one tho not unique. You can consider the prove of fairness unique? I mean in real life casinos you can't see if the game is crooked and if so how much.
In crypto casinos you can see how much the house edge is and you can see the seeds so you can check it if you want and that way see if truely the casino is not scamming you. You can't do that on land based casinos.
|
|
|
|
|
Because bitcoin is not some "get rich quick scheme". Why would you want to trade short term when you can be in the biggest currency people of the world ever created without any government help at all. I don't get this sudden need of making money, this is not some mlm that middle age women sell each other. This is a technological break thru that people will be talking about for the years to come. It will always be around until probably all of us die.
|
|
|
|
If you mean winning like a huge jackpot of millions of dollars. My first thought process would be how to cash it out  I mean its not easy to turn millions of bitcoins into cash on your bank account, some countries like USA figured it out and easier there but in my country its not as easy as that. After I find a way to cash out my winnings, next stop would be getting a house for my family, they are not living very close to me so I would buy a house near my house so we can be together. After that the boring stuff would begin like putting it on a savings account and living off with interest or buying couple of shops and renting them out or whatever the common boring thing is |
|
|
|
|
Diversify. Thats the most important part. You need to know that in these types of markets anything could happen. I do not mean diversify in the sense that you should buy a lot of different coins. No I mean you should diversify the investments.
Buy different good coins, invest on gambling casino bankrolls (house edge likes you), get to working and find some ways to earn some of those coins. Trade some if you want, basically do many different types of stuff instead of just get something and stay like that until you retire.
|
|
|
|
|
It has been talked before. Mainly its because of two points, one is the futures, because of the futures whales look at whats most profitable. Also during december bull run a lot of new blood came into the market trying to make quick profits. When they were leaving they left with their money as well, which caused the price to go down as well.
Whales saw this as a chance to make money and kept selling bitcoin and buying futures with it, shorted the price. They kept selling and buying futures until they reached the desired price. Combining these two made bitcoin price go down.
|
|
|
|
|
It is not just about using it and paying your taxes so you can not worry about taxes in the future or be worried that goverment can shut it down at any second. No it also means countries support crypto one way or another. If a country has a law that states %X on taxes that country also says "yes you can use crypto its fine by me".
Look at USA they first legalized it than they regulated it and now they are giving out futures and so forth about it. The more countries like that the higher bitcoin will be.
|
|
|
|
The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.  Where have you been all this while dude lol? This is a normal thing; price is always fluctuating up and down at all times. Through out the month of June the price has been struggling to break through the $6000 price and enter $7000 but it seems to be difficult, cause anytime it seems to be getting close to $7k the price drops back to $6k. I don’t know how things are going to be in this July, but the price has already gotten to $6,700. I hope it cross over $7000 and keep on moving up back to the $19000/$20,000🙂 |
|
|
|
|
These talks of "bottom" and "macd" and "bollinger band" and "rsi" etc etc all are bunch of attempts of making
bitcoin look like any other stock or forex currency but you guys are forgetting one important thing. No matter what you do bitcoin is still insanely volatile due to people. There are people who own thousands of coins and there are people who owns tens of thousands of coins we have seen what happened when mtgox trustee sold 44k btc at once.
What I mean is, a person may come up and buy 10k bitcoin at once and get us to 7k or maybe another person just sells 100k bitcoins which would cripple us for a long time. What will happen can not be explained via charts as long as these "one person changing the market" situation stays.
|
|
|
|
Hello,
Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?
I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
I’m not really sure but I believe you trust your bank more than cryptocurrency. So that’s the same thing here, people trust bitcoin than other cryptocurrencies because it was the first that came out and proved to be more reliable and safe than others. Did you hear about Bitcoin Gold, you can remember what happened to it, that’s why most of us trust bitcoin. Although we were able to recover from that of bitcoin gold, but what of other cryptocurrencies that ended and everyone lost their money. Well, the thing here is that bitcoin is very good and we are used to it than others, others can serve as backup. |
|
|
|
Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way.
This makes me often think about the Venezuelan money crisis when the inflation was a hyper inflation and the cost of printing money was far more than the face values of the money. Besides, the inflation was more than 13000% in the economy. As a result, the people stopped accepting the money and started paying for goods and services by using mobile money. This reduced the amount of cash in the society and thereby making it possible to push the economy towards a cashless society. |
|
|
|
Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Well, most of the countries I know that banned cryptocurrencies are those ones that are not yet developed. But if you look at it, there are majority of developed countries that are into cryptocurrency and allows their citizens to make use of it. So if you ask me, this kind of war is an easy war. All those countries have made their choice and you don’t have no right to tell them what to do. If they feel like Bitcoin is having negative impact to their country, then it’s their right to stop citizens from making use of it. |
|
|
|
Honestly, many people seek cryptocurrency more because of its volatility. Whether they do it consciously or not, they wish to make large money quickly. This can happen only with a volatile market. Further, we find a lot of newbies even in this forum feeling bad that they lost money or they could not make money as value of BTC has not risen much especially with the expectations being high after the 2017 last quarter. Seeking such profits is not bad but before investing I feel there is a need to prioritize the needs that could be fulfilled with such an investment as BTC especially if you are looking to make money soon rather than keep BTC as a long term investment.
This very motivation and idea behind the investment will speak volumes on the reaction of the investors once the market is down. Strangely, many people do not sell when the market price is high and even when their purpose of investment will get fulfilled. They wait for the price to soar even higher. And if the value starts trickling down, they still hodl and wait for the price to move beyond the point where it had last peaked high. But again, when the market is in a steep downfall, instead of buying, many people will start panic selling and end up in loses. Many a time we find this even in the new threads and discussions even within our forum.
So what it is that makes you invest in crypto? Is it because it caught your fancy? Is it the volatility? Is it because there is a need to fulfil in your life? IS it because you are a day-trader? Or is it fun?
The only thing that motivated me to start working hard in bitcoin was two of my friends. I discovered bitcoin myself and started working towards it without telling anyone about it. After months of not achieving anything at all, I decided to quit from bitcoin and look for something else, and that was freelancing. Few months after I took a break, I was with my two friends and we were having a discussion when they brought the topic of bitcoin, then I discovered that these dudes have been making lots of money while I was making nothing. Well, it’ was a long story, so I got back in and worked hard and now making lots of money. |
|
|
|
Bitcoin is stable for months, what to do?.These are the questions roaming on every topic on this forum so im helping you decide whether you want to sell it or buy something. Well, im promoting buying so here's why.
You probably have some coins bought when the price is still high, and you want to sell it because you are afraid that it may go deeper and you lose more. These is called the panic sellers which triggers When the value of the coins they are trading or holding pump down. What will happen? You will claim that you defeated and surrender for what we say bear manipulation. You just gave your money to them, you get depressed and you eill post bad news about bitcoin so that a lot people would be discouraged to invest. It doesnt help yourself and doesnt help other people either.
But what if, instead of declaring you lose, you hold your coins until it goes back because we both know that this drop is just temporary and when the value get tired of being low, it will soar high again. Its a winwin situation for us financially and emotionally. Yes , it is depressing until it still low but we know we are not lose until we sell it. More money, lesser stress.
We should take this low value opportunity to buy rather ranting nonsense that wouldnt help. Have a strong heart people.
I think $6000 is the lowest for this year, so anyone can invest now and wait for the price of Bitcoin to rise so that they can make profit. I’m not the type that tells people about what I’m into, I discovered Bitcoin by myself and I believe any other person can do so. I don’t need to go around convincing people to join and invest their money in cryptocurrency, it’s a matter of choice. If you convince people to join and they happen to do so and lose their money, then they will have you to blame. |
|
|
|
Technology believers believe that bitcoin is the mission of decentralization, the future of the world currency.
BTC just need, relative scarcity and the manufacturing cost, nature has the price, the price is the fluctuation, as long as access to the securitization in the human history of human use of the most profound institutional invention, the currency is likely to generate huge profits.
You have a lot of money and you have followers. With followers there is a crowd. The masses will naturally divide.
With differentiation, there is naturally a blank majority. Naturally, there are evil men who have been swindled. Nature has its center and leadership.
This is the history of bitcoin's journey along the way, which is why the BTC creator went to the center to turn the government against the pursuit of liberalism.
But on a philosophical basis, technologists are wrong.
The beginning of human birth is said to be monkeys. No government, no center. No money, no inflation. Government is not the product of power, but the government itself is the product of liberalism.
Because freedom must be evil, freedom itself creates chaos, and chaos leads to the pursuit of order, thus freedom produces power and bad power transition to good power.
In the world of BTC, new centralization has begun:
Global mining is concentrated in the hands of a few. The maintenance and development of bitcoin is concentrated in the hands of few digital farmers. The influence of virtual currency is concentrated in the hands of a few big v.
They are the new army, the new bureaucracy, the new emperor. Are these people trustworthy?
The emergence of BTC is a technological advance in the history of human currency. It makes up for the deficiency of the existing monetary system and should also promote the reform of the existing monetary system.
Like insurrection, it is either extinguished or assimilated into the long river of history.
Yes I believe so. I don’t think Bitcoin can be allowed to be a global currency cause it doesn’t have what it takes to occupy such a position in any country. First thing I believe that disqualifies Bitcoin from being a global currency is the fact that it’s only an electronic money and does not have any way of being used physically except if you have a device that gives you access to it. And the government is also not in support of it, so not possible. |
|
|
|
Problem is, even shitcoins which are honest and not scams, overpopulate the market. Market overpolation may cause crashes or loss of morale. When the market is overcrowded it is drowning, exceedingly competitive.
Quite simply there are too many coins to chose from to maintain curiosity. Even if your coin is the next best thing, people will not feel hype, because there are so many others to choose from.
This in turn devalues the value of all other coins, because people are spreading their money thin rather than putting it all in one hype coin.
I can’t stop laughing, it’s been a long time since I last saw anyone in this forum mention shitcoins😁😁of course, some of them are not scam, the problem is that the competition is too much and those of them that are not able to withstand the weight will just end, leading to lots of investors losing their money. So not all of them are scam, they close down due to the competition. There are lots of them, so it’s not any close to being easy. |
|
|
|
Is Bitcoin overhyped?
hard to say. bitcoin has the value we want to give it. but according to many specialists, for the moment it's not expensive. they even expect it to increase sharply in the near future. Nothing in the world has a pre decided value. Value of any object is usually what buyers are ready to pay for it. It’s simply the game of demand and supply. Higher the demand and lower the supply, more is its price. As demand of bitcoin increased overtime, so did its price. I too think that BTC will increase sharply in near future as the bearish market is soon to end and institutional money is on the edge ready to flow in the crypto market. |
|
|
|
If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not? Give your opinion  What you just explained is what we call a HODL 😊it means Hold on for dear life, lol. Hodl is what people actually advise you to do whenever the price any cryptocurrency is going down, but is expected to go for the moon later on. So you just hold and wait for the time the price of that particular coin will go up. Trading in cryptocurrency is quite different from what you just explained now so I will advise you to make some research to understand the difference much better and also know how trading works. |
|
|
|
Bitcoin opens many doors of new markets, which would affect the economy of a country, the reason why there are some countries who don't like bitcoin because cryptocurrency controlled by no one and because they don't get taxes. But if governments open there eyes and use bitcoin in its positive ways as possible you would be shocked that the third world countries who opens their gates on bitcoin will become one of the best countries we have ever seen.
Well, I don’t think countries with bad economy will accept Bitcoin because they believe it might end up making things worst for them. Bitcoin is good but it won’t be favoring every country, although I support the fact that Bitcoin opens many doors. I know that it doesn’t work for everyone, but it worked for me. The good life I’m living now is because of Bitcoin. The new job I got now is because of Bitcoin and I’m also earning far much better than what I was earning from my other job. This time around I live a good life. |
|
|
|
Here’s Vitalik Buterin giving his long term outlook for BTC and LTC/other alts, which he thinks will likely go up in value long-term by at least the amount that world GDP increases - in a fascinating 4 minute video answer to a question from Felix, courtesy of ThomasJulianMiller: https://youtu.be/VosfxChTxVgAnd what is the prediction for the rate of increase in world GDP in the long-term. Here’s a comprehensive PwC report that predicts the world GDP will increase 130% by 2050, from its 2016 levels: https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.htmlSo taking BTC’s price at end-2016 of $950, and assuming Buterin is right that it’s price will rise at the rate of world GDP - then the projected BTC price in 2050 would be $123,500 ($950 x 130)! That’s a 13,000% increase on the $950 2016 price, and a nice 1,280% increase on today’s $9,640 price! And I’m sure all of us who are in the first 0.5% of the world’s early adopters of Bitcoin and crypto would love to see a price like that for BTC in 2050, which is only 22 years away! But there’s more! The price of BTC and the successful alts should also increase by at least one more multiple, as use of BTC and alts and investment in them penetrates 10% or more of the world population - as is likely to have happened by then especially in the E7 nations. So a BTC price of $1,000,000 or more by 2050 ($124K*10=$1.24M) is not an unreasonable prediction, factoring in world growth plus BTC’s organic growth - and that $1M price would be a whopping 105,250% increase on the 2016 price, and a very nice 10,375% increase on today’s BTC price! And if Buterin’s well-reasoned prediction for the long term survival and growth of BTC and crypto pans out then when we’re finally able to look back at crypto prices with 20-year charts in 2050, we may well see that the crash now in prices even if they were to fall 90% from the Dec/Jan highs will look very similar to what are now only tiny blimps down in the early prices of Amazon and Apple in 2000 with the Dotcom crash as shown in the linked graphic - but which at the time in 2000 were massive 90% falls in the Amazon and Apple share prices, that very few people thought these companies could survive and recover from let alone make 50,000% gains in the 20 years to follow! https://imgur.com/a/CurnUHindsight is a wonderful thing of course, for those of us who missed investing in the centralised companies monopolising and profiting from the Internet 2.0 - but Vitalik Buterin is a smart man who some call the genius of our age, and his potential foresight on where crypto stands and where it’s going shouldn’t be taken lightly. Hmmm getting in early this time on decentralised currency and the decentralised blockchain based Internet 3.0 anyone - food for thought! So .... 1. What do people think of Vitalik’s interesting answer here, and his long-term prediction and reasoning for BTC and altcoins survival and growth in value? 2. Do you agree a BTC price of $100k by 2050 is a reasonable expectation based just on world GDP growth, and that a price of $1M by 2050 is quite possible with world GDP growth plus 10% BTC organic growth/adoption? 3. Do you think LTC as mentioned by Buterin and other altcoins that survive and prosper will see similar gains of 13,000% by 2050 with just world GDP growth, or that they too may grow up to 100,000% by then with 10% organic growth/adoption thrown in as well? 4. Do these predictions help give you strong hands to hodl your BTC and favourite altcoins, and to buy more as the crypto market bottoms and sooner or later turns up to make new highs on its roller coaster long term ride? Just imagine if those Amazon and Apple charts are Bitcoins and the surviving successful altcoins charts in 20 years time - there may not be enough Lambos!! Lol that’s a very long time and I might not even have interest in Bitcoin by then. But anyway, whatever happens then I hope it’s for the good of Bitcoin, though I’m not the type of person that believes all these predictions. All they are fond of predicting is that Bitcoin will go up which never happens, and they never predict the negative things that will happen. All the predictions I have seen ever since I got into investing in BTC were all false and not even a single one was correct. Even last year, no one was able to predict that the price will reach $19k, I can remember that what they predicted was $10k,but I wasn’t $10k rather it got above that. And when the price was around $17k or so, they were predicting that it will reach $20k, but that never happened rather it stopped at $19k😑. So they are always wrong. |
|
|
|
|
Show Posts
