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3861  Bitcoin / Bitcoin Discussion / Re: Every time I sell Bitcoin pumps... Has BTC been good or bad for You??? on: August 20, 2019, 04:45:08 PM
In this case I blame my fate. In my case it is almost like that. When I sell, the price is low. And with the sale, the price goes up. I just hold it without having to sell it. When $15000 comes, I'll sell it.
We can’t blame ourselves so much in making some of those decisions that has done nothing but work against us, not everyone can trade, and some times, to really know the direction of a coin, you have to apply technical and fundamental analysis, but how difficult it is to really apply both, which is why some of us do use gut instinct, you can only say that your gut instinct has failed you and in cryptocurrency that as a volatile market, the best is just to buy coin at low value and continue to hold it until there is a large increase if we believe that such coin will actually bring a large increase, like bitcoin now, I don’t expect bitcoin to increase lower than $18000 in future, so before I can  take any of my investment in bitcoin, till It reaches $18k, then I can make my decision ten.
3862  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Ripple (XRP) Bounces But Is It Enough? on: August 20, 2019, 12:40:12 PM
Ha ha ha, you call that one bouncing? I see nothing bouncing about that, you better just start removing your money and find a better coin to invest in because as you see ripple like that, they are already heading towards being a stable coin, and I believe you know ripple is being controlled and you know the forces behind ripple are bankers, and they will never offer you what will benefit you.

This coin is just created to benefit the creator and not you, there is absolutely nothing that I can ever trust what is associated to bank. You can still continue to try your luck though and continue to waste your analysis on ripple when you have so many other options that if you put all that efforts into, then you would have made some profit from it already.
3863  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP Continues Trading Sideways But There Might Be Hope on: August 20, 2019, 08:42:29 AM
If you look at XRP in long term, so you will see that XRP is the most stable altcoin (if you ignore a spike in 2017). XRP is traded at a price 0.3USD since 2017!
It has been extremely stable for a while now, which makes me believe that the coin might be controlled, because if people are putting in money, and demand is high, I don’t know why the price is not increasing, I have never seen it dump for me to be thinking is the reason why it is not growing, I think that xrp developers just have to change the coin and its operation to that of tether already.

If they do, xrp will surely be the most stable coin in the market and I think that people will prefer and also rely more on it than other stable coins in the market, the only challenge would be that it will not serve as investment coin which I don’t even see it serving for now because there has not been an increase at all for it to profit the investors other than the one that happened in the last bull run.
3864  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy these altcoins!!! on: August 20, 2019, 07:57:35 AM
Okay, because you have a magic tongue right, but no I would not by because those coins that you listed are not even near making it in future except TRON,  I know of ripple already and that one is even a NO NO for me, and that other third thing there, I have ran a check on them and I see nothing so impressive about their technology because they did not come with new innovation, and they will only end up using all their time to compete with other project that offers same thing and already have a greater community already, I think you should just go through the coin market list already and pick another coin there to make the site of the third coin that you want if you still want to keep ripple and TRON, but if you believe it will work for you, then fine.
3865  Economy / Speculation / Re: Bitcoin resume its' Bulish momentum after Bakkt Announcement! on: August 20, 2019, 07:09:42 AM
I'm always annoyed by people correlating stuff with no real basis.... ( it's ok becasue this is speculation forum Wink )

Let me correlate something stupid too.........
I think bitcoin increased because of the leaked Brexit Memo and everyone in the UK will start hoarding crypto  Roll Eyes
Lol, like you said, it is a speculation forum, and don’t forget that the market is also driven by speculation, so let’s just leave it to the way it is now, we don’t need any comment or any news that will work against the development and increase of bitcoin now, even if we have a mad man that will come up on forum today and say that bitcoin will reach $2 million by tomorrow, let those that would believe,believe and then invest based on that, it is all still good, we have nothing to lose.

The thing I just don’t like about some positive speculation is that, it seems at the point where everyone is going towards same direction, maybe same positive direction, that is when you see bitcoin going the other opposite direction, so I just don’t follow speculation that easily till I completely verify it myself and see if it would have any effect or not.
3866  Economy / Speculation / Re: How will BAKKT affect future of bitcoin? on: August 20, 2019, 06:32:59 AM
The timing looks good. David's model is eyeing mid-late September for resumption of the long term uptrend. I'm using Tim West's TAM model and I'm expecting the same thing as David, more or less. September 23rd sounds just about right.

In other words, I'm expecting a rally around that time anyway. I'm sure people will attribute it to BAKKT. Wink

Even if this prediction is true, what you are referring to is a kind of technical analyze and is not related to BAKKT. If the BAKKT announcement was supposed to affect the price the rise had been already started.
Anything that will attract people to take step in investing in bitcoin is really a welcome development and I think that with this BAKKT announcement to launch come September, many investor who believe that the launching will affect the price of bitcoin positively would have been making some investment right now, and also, those that will take advantage of whatever offer they have to the public will also need to make investment in bitcoin.

At least, more money will still enter the market, even if it will not be that very big to cause the value to rise beyond our expectation, the launching date I already here, in few weeks’ time now, we will really know Id there will be an effect of it on the price of bitcoin or not, and even if it does not, bitcoin investment is still not a waste.
3867  Economy / Speculation / Re: What is your Bitcoin price prediction for 1st September 2019 on: August 19, 2019, 05:31:16 PM
We are about 2 weeks away from 1st of September and things are looking to clear up a bit more and I can honestly tell you that it looks quite plausible that we can end up around the same price as right now. I mean something major could totally happen to bitcoin because its bitcoin we are talking about but at the same time bitcoin is not as volatile as it used to be recently and in the past 2 months or so we have moved between 9 and 13 plenty of times and between 9.5 and 12 more plenty of times so we can say that there is no big movements going around right now.

Bitcoin has volatile days and it has stable days, we have been on the stable ones most recently hence I doubt it will change anytime soon and specially not in the next 2 weeks, that is why I think price will be around 9.5-12 in the next 2 weeks as well.
3868  Economy / Gambling / Re: Stake.com | The Most Popular Bitcoin Casino | V2 & New games out now! 👽 on: August 19, 2019, 04:52:10 PM
I think it wouldn't be that much of a difference, even if there is more wagers going on in three years that would be because there would be more people in crypto as well. To make numbers smaller and more understandable if there is 500 people in all of crypto and 5 of them play stake then when we have 1000 people it would be 10 people playing at stake, I don't think it will go down in numbers or it will go up too much then the crypto people neither, it will be same % of all crypto people but since the number will rise so will the gamblers.

I think its not really important what people will think of stake in 3 years but its more about what stake is trying to achieve in 3 years, that is a ton of time to plan ahead but if you are a million dollar company (close to 100 million I am sure) you must have some plans ahead, what I would like to ask the stake team, what they are planning for the next 3 years?
3869  Economy / Gambling discussion / Re: Impossibility of a gambling system (Why methods don't work) on: August 19, 2019, 02:00:36 PM
Unless the friend is a maths genius I doubt any method working thats not already known.   Heres a good video to watch that kind of summarises why beating the system is quite futile, every establishment will have run through their games a thousand times over to find the final overall profitability of a game operation.   Heres the vid anyway: https://www.youtube.com/watch?v=AE8Wf4hqtEk
Even with good mathematical knowledge this is quite hard to succeed in gambling. Maybe this could help in increasing the probability of winning. To learn the mathematical calculations that underlies to the gambling platform is highly complex and very few countable number of users have succeeded in it.

Similar things have happened with lottery as well, there are few people who have won on consecutive lotteries through mathematical calculations. However practices give good results, but with gambling for the same funds is required in large volume. I believe in following tricks than analysing mathematical calculations.
I think it high time we erased the thought of working with calculations or strategies and it’s like just in order to win a game. This is absolutely uncalled for. Gambling is for entertainment and I have the believe it only takes those who are working and well paid to gamble.

So, if we have money for ourselves, why can’t we just have fun with our money. We can still avoid losses by playing smart and not by relying on strategies. It is officially my 6th year as a gambler and I proud to say I never use strategies in playing and I am definitely not a great loser. The few record of loses are normal and it could happen to anyone even the strategy users Lol.
3870  Economy / Economics / Re: WHY 21 MILLION BITCOIN CANNOT SERVE THE WHOLE WORLD on: August 19, 2019, 11:57:05 AM
The first thing that we need to overcome first is that adoption, adoption cannot grow at once for bitcoin to serve the whole population as you speak, although you analogy is quite okay but I think that you know one of the problem we have is over printing of money which is destroying some countries as a result of corruption, now that bitcoin is limited in supply, don’t you think that it will correct some of those faults, an moreover, when we get to the bridge, we will cross over it.

There will always be a way to expand the limit of bitcoin when we get to that stage, and more so, don’t forget that we will always have other alternatives like altcoins, and fiat will also never die off the earth, bitcoin will only reduce the number of circulating currency, so there is nothing much here that I see as issue or challenge in future.
3871  Economy / Economics / Re: Is bitcoin volatility here to stay? on: August 19, 2019, 09:54:25 AM
I think volatility will still be there maybe in the future it will decrease but not so sure either because the value of bitcoin moves on demand and again bitcoin is not centralized. So that way, the crypto market will still have high volatility, so if you expect a more stable coin like this is not possible because this is a market that at least volatility will always be there.
Volatility will sure disappear because the amount of Bitcoin is limited, and as demand increase, supply decreases, closing the gap between both and then reducing the level of volatility that we have in the market.

The reason why volatility is still much now is because there is still enough bitcoin supply in the market and the price is still very cheaper for people to buy and sell, imagine that 1 bitcoin cost like 1 million dollars in future, how many people would be able to afford this, and how many quantity of bitcoin would they be able to buy at once to manipulate the market, not even the rich man will be able to buy more than what they can afford, so don’t think volatility will not reduce, it will sure reduce overtime, and the time it will reduce depends on how fast adoption can be.
3872  Economy / Economics / Re: Did Satoshi ever mention anything about the taxing of Bitcoin? on: August 19, 2019, 09:18:58 AM
The whole point of Bitcoin is to be a payment system beyond governments' control. I would be very surprised if Satoshi was spending his precious time contemplating on how governments could profit from it.
If he was really known, I am sure that he would have explained to government how he has factored them in, but I think the thing is left for them now to figure out. One of the reasons why government is still about skeptical about cryptocurrency of bitcoin is that they think that the system will be against them in the aspect of tax because they way that people have portrayed it, like a system they will use to hide from government meanwhile that is not the case.

Satoshi is human and I am sure he understands how government is being run, so he would really not do anything that much to affect government, just the banking sector that I am sure that he is after, because this system would affect more of the banking sectors.
3873  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is investing in crypto a good idea? on: August 19, 2019, 08:42:15 AM
Only invest what you can afford, as for me, I'm considering the money that I put in crypto as already something that's gone. If you don't want to go YOLO, go with the top coins such as BTC, ETH. You may also want to check out top exchanges such as Binance as they're also listing quality coins that already have an actual product, not just an MVP, etc. It's never too late to invest in crypto, as a matter of fact, we're only just starting.
In my routine crypto activities, I don’t consider any money that I put in cryptocurrency as being gone because I worked for it and it is my sweat so I deserve to get it back and also have some increase on it, and because I recognize my money as what I work for, that is what usually motivate me never to allow myself get into the hands of scammer that will swindle me of it or invest in a bad project that will fail and make me loose.

Although we have different approach and different believe but I see that we both have the same strategy, I mean strategy of just investing in top reliable coins like the ones you mentioned, and that is the best way that one can still protect ones capital, we invest strictly in project that is of high quality so that we can have something to hold on to as profitable investment in future.
3874  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you think ETH will bounce back to $600 or back below $100 ? on: August 19, 2019, 08:12:23 AM
Ethereum is Altcoin which has a high popularity in Cryptocurrency, currently the price is quite low at around $ 185.86.  But this coin has become a favorite of many people, and I am optimistic that its value will quickly rise.  And now is the right time to buy Ethereum.
Many people believe in Ethereum moreover they have a lot of platform in use by many Crypto projects, of course this is a reason in future ETH price will be increasing even though the current price is in the downtrend, I believe Ethereum will bounce back to $600 at the next year.
Ethereum has only one platform, and that is their blockchain platform, which projects have to register through and as people demand for Ethereum to fund those projects during ICOs Ethereum is meant to increase in value, but look at the very pure funding that most new projects are getting now because investors lacks the trust in them to really handle their money because of the so many challenges they have had in the market.

If there is no money being invested into ico, there is no way that Ethereum will have demand, so I think Ethereum still going to be stagnant in price now till something is done to encourage investors to come back to the ICO market again, maybe when they have regulations, that will help keep away bad projects and scammer from ICO.
3875  Other / Off-topic / Re: If you had $100 in what would you invest? on: August 18, 2019, 03:09:14 PM
No matter how small the amount of investment it, such amount is best in a coin that is reliable and you are sure of gaining some profit on even if you have to wait for long, so with this small amount, I would not advise that you take your chances in investing in altcoins, just head straight for bitcoin and make your investment in it, with bitcoin.

There is absolutely going to be a chance of you getting about x5 on whatever amount that you can afford to invest and depending on when you choose to exit the market with your profit, I expect bitcoin to reach at least $25k in the next bull run and something more than that in few years come, so it depends on the length of time that you intend staying in the market and also goal setting.
3876  Bitcoin / Bitcoin Discussion / Re: Coindesk & Cointelegraph give Fake News on: August 18, 2019, 02:38:11 PM
Really surprised that some of you are still making use of the Poloniex exchange even till now Shocked. Well, let’s just say that they can’t afford to pay back the money that was lost and they have decided to pay back by allowing those that were affected to trade without fees. But, it would have been better if they paid back all these people, but since they wouldn’t, those who wants can still make use of the alternative they have offered.

As for cointelegraph and coindesk, that’s one annoying thing I hate about most of these media sites they are fond of carrying news that they are not even sure about, unless they are being paid to broadcast fake news. Another thing is that I don’t even know what they gain from broadcasting fake news Sad like people wouldn’t get to know about it or what? At the end people always finds out. So it doesn’t make any sense spreading news that are fake.
3877  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin mixers be considered illegal by worldwide governments? on: August 18, 2019, 02:00:42 PM
Can’t really tell if these coin mixers are legal or illegal, but the purpose for bitcoin is to be pseudo-anonymous and that’s what these coin mixers are trying to accomplish, to make it more difficult to trace out. I know that most of them might be doing it for a good purpose, but some people are now using to accomplish their bad purposes.

Just like recently I saw news that the Binance hacker has moved about 4000+ bitcoin into a coin mixer so that they would be hard to trace. That’s one of the disadvantages, people would be using it for bad purposes.

Advantages of these coin mixers is that if you’re someone who is a huge investor and you don’t want hackers to target your wallet, you can move it into coin mixer and have it mixed with the giant pile of bitcoin so that people will find it difficult to trace. That way you wouldn’t be a target. But people continues to use it for their bad plans as well
3878  Alternate cryptocurrencies / Altcoin Discussion / Re: observe the market situation and the price of cryptocurrency on: August 18, 2019, 09:31:47 AM
bitcoin will never pump because it is not a pump and dump altcoin. the pumping days of bitcoin has been over ever since 2013 when Mt Gox was closed down. so if you are waiting for a bitcoin pump then you are wasting your time and missing out on the opportunities.
bitcoin will continue to rise with its solid demand as the adoption of bitcoin grows every day all around the world as the only decentralized currency around.
Exactly the way you have stated it here is how bitcoin should have been operating right from the onset, it is meant to gradually rise in value as adoption rate increases, which is what I have been seeing from its market movement lately, the value of bitcoin has come to a stage where it is getting more and more difficult to be manipulated after people have learnt how the whales has been manipulated.

I am not sure of MT GOX you made reference to here which was in 2013, but the coin was still pumped by whales in 2017 which was what lead to that major dumping we are all yet to recover from, the only thing I have just learnt from that dumping is that it really built people and made them not to ever fall for fomo again which is why the market has been rising slowly and healthily.
3879  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BitUSD today... Stablecoin hype? on: August 18, 2019, 08:49:42 AM
Better 2200% growth than fall.
But could someone explain how this is possible? BitUSD is not pegged to real USD, it is pegged to other cryptocurrencies?
Reason for the increase is just nothing but pump and fomo, it must have gotten a big investor with big money that has been taught how to use his money to manipulate the coin, and people like you and I are the one that will suffer the dumping when it is being dumped suddenly.

How many people really know this project and how many people  were willing to invest in it when the value was down, but we can see how people are so willing to start investing now that the price as gone up and this is the major target, now people will start putting money out of fomo, while as they put  money, the value will keep going up and the big investor witnessing as profit climbs his money, if those new investors are not careful, these large investors will sell major part of their coin dumping the value.
3880  Other / Archival / Re: Is KYC benefit to crypto people or not on: August 18, 2019, 07:49:18 AM
I personally don't actually have a problem to do KYC, in order to get rewards from the bounty program, but there is a lot of news that there are many projects that abuse KYC for bad purposes, so this causes concern, and finally try to give KYC to projects that can be trusted.
It is still not a concern for me, because we can easily spot out project that will have the tendency of using our data for illegal purposes, but if you see some reputable companies, you will know that they will always protect your data at all cost, except maybe till they exit the market and there is no longer anything binding both of you, then they can be compromised and then sell the data to those that needs it and would pay for it.

Before I give out my data, I must make sure that I properly verify the details of the company, and if I can get their details and I am convince enough about them then I would have no problem submitting my own details to them too, hoping that one they, they will not get compromised and then use the data in a place that will disfavor me.
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