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3981  Economy / Economics / Re: When will smartphones used for bitcoin mining? on: September 04, 2018, 06:56:41 AM
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?
Meeehn… this just reminded me of a news article I read last month about hackers who are hijacking people’s phones and using it to mine Bitcoins. They said once your phone is hijacked that it starts heating up and the battery starts to drain quickly…. I don’t know if that’s true, but if it is, then there is the possibility that you can use smartphones to mine Bitcoin. But as an individual you wouldn’t get any profit from that. Sad
3982  Economy / Trading Discussion / Re: Where to study trading and technical analysis? on: August 17, 2018, 07:31:20 AM
There are many ways to learn trading. You can learn from other traders on trading sites like fobes,99bitcoin or GOOGLE  Grin. Also you can watch on Youtube, lots of videos with clear illustrations. It is important that when you study trading, you need to learn how to analyze the market, chart, coin and project ....
Yeah, you are absolutely right about getting knowledge of trading in order to enrich yourself with great knowledge to run the trading procedures that really payoff at the end. We can use Youtube, Google and the most easy way is to contact with those who have learnt it already so that you will not need to search around like snail and it is true that it will take time on Google searching etc so you can contact with experts.
3983  Economy / Economics / Re: Tax on the crypto currency! What do you think? on: August 17, 2018, 06:58:41 AM
In my opinion if this the way to legalize bitcoin in one country I think i will agree of given tax in cryptocurrency, taxes from cryptocurrency can help many people in the country to build  more infrastructure and can give benefits to poor people.
You are absolutely right about it to help and build country and its development is very important but we have to look at our conditions as well. We pay taxes on lots of things and products and our whole assets and now implementation of tax on decentralized cryptocurrencies is totally out of mind and hard for us. It is burden on people and the traditional of government has entered here in our country while most of the countries are tax free of cryptocurrencies.
3984  Economy / Economics / Re: Starbucks drops hint at plans to accept Bitcoin on: August 17, 2018, 06:17:44 AM
I read that Starbucks denied this news. Starbucks plans to participate in the development of Bakkt along with ICE and Microsoft, but this does not mean that it intends to introduce a payment tool into its business. The company clarified that they are considering such an opportunity after governments adopt laws on the regulation of crypto-currencies. Until then, you will not be able to pay coins for coffee.
Look, everything is just waiting for the governments to legalize bitcoin. Defiantly when bitcoin isn’t allowed to be used in your country, how can people earn from it or how they can use it for their own benefit. For it, every government must impose taxation on it but must legalize bitcoin. This is so profitable for an average person to uplift his life standard. Don’t wait any more.
3985  Economy / Trading Discussion / Re: Trading or mining? on: August 16, 2018, 08:07:18 AM
If there is money to invest, mining will be an option not bad. My country lives relatively cheap electricity prices, benefits are not lower than trading.
Mining costs a lot due to high charges of electricity but this is considered in many countries and I came to know that somewhere electricity is cheap and mining there has enough profit greater than countries where there electricity has high charges. Trading has nothing related to electricity like mining so we can do that smoothly without any complications like mining where electricity is concerned.
3986  Economy / Economics / Re: How Long Crypto market will take to recover? on: August 16, 2018, 07:37:16 AM
We all know this year is one of the worst year of crypto, market is dead and new investors are in fear to enter,  My portfolio is 75% down as compare to January. How long this market will take time to recover?. I am stacked in holding.

Well it is hard to tell when it will recover it would depend on the investors who actively invest in bitcoin and other crypto currencies. I think right now the investors are not that aggressive because they are still evaluating the market if its the right time to buy.

Yes I think they already learned a lot what just happened last year so this is the reason why so many investors ate studying and waiting for the right time to make investments again.
our experience should be best teacher for us.without studying and learning from market history we could not be survive in this market.
Actually when are investing in something, you need to make a sharp eye over things that can come in your contact sooner or later. So don’t waste your time in any other activity rather your main goal must be to focus on market. Because if you are unaware of market, prices soon go up or down so you might be at loss in case of down. Don’t just get distracted, focus and observe.
3987  Economy / Economics / Re: Is it practical to expect tenfold jump in Bitcoin this year ? on: August 16, 2018, 07:07:11 AM
It is not possible or let me say not likely, bitcoin has not gone beyond  10000$ for most part of this year, what we can reasonably expect is a recovery to it previous all time high
Sorry to say but I do not agree with you because if it is about possible and impossible then I think nobody expected bitcoin to touch 20k dollars by the end of last year so no one really knows what is possible for BTC and what is not. This asset is expected to touch 1 million dollar sometime in the future. If not so, then it can at least touch 60k dollars for sure.
3988  Economy / Economics / Re: The Reason For Creating a New Cryptocurrency? on: August 15, 2018, 07:03:42 AM
The popularity of cryptocurrencies is due to many factors – they are anonymous, many are decentralized, allow you to conduct fast transactions with minimal costs.Currently, many companies are interested in the question of how to create a cryptocurrency to use it then in payments to customers.

There are different aspects of bitcoin and people like them in different ways. But for me, I think people love bitcoin and that makes it famous for one reason mostly, income source. If you make some good numbers of research from users, mostly people consider this bitcoin as source of income rather than any payment method. But yes, like you have said, companies are adopting their systems to bitcoin for better payment methods.
3989  Economy / Economics / Re: Thailand: 20 Companies Have Applied for Crypto Exchange Licenses on: August 14, 2018, 07:16:44 AM
Thailand: 20 Companies Have Applied for Crypto Exchange Licenses
Following a new licensing system for the cryptocurrency sector in July, Thailand’s Securities and Exchange Commission (SEC) has fielded nearly two dozen applicants looking to operate domestic cryptocurrency exchanges.

Thailand SEC secretary-general Rapee Sucharitakul has revealed that as many as 20 companies have applied for licenses to operate cryptocurrency exchanges within a month after a new regulatory licensing framework for ICOs and the wider crypto sector came into effect, on July 16.

As reported by the Bangkok Post on Thursday, the senior SEC official confirmed that license approvals are currently “being processed”, adding:

“Many companies interested in opening digital asset exchanges have said digital assets and cryptocurrency trading in the Thai market are quite active.”

As reported previously, Thai authorities pushed a royal decree to fast-track the regulation of the domestic crypto sector that mandates all exchange operators, ICO issuers and brokerages to register with the SEC before commencing operations.

The regulatory framework came into effect less than a month ago on July 16th, wherein the SEC became one of the world’s earliest securities market regulators to recognize cryptocurrencies in fundraising, allowing seven specific coins as payments for ICO users. They are namely Bitcoin, Ethereum, Ripple, Bitcoin Cash, Ethereum Classic, Stellar and Litecoin.

ICO issuers will have to earn licensure through ‘portals’ (companies operating marketplaces) wherein the latter’s management structure and plan of operations will be scrutinized by the regulator. Three of the five ICO portals have already submitted their applications to the SEC.

Notably, Rapee added that the SEC has seen interest from 50 ICO issuers looking to gain licenses to raise funds, five of which are likely to be approved at the present time as reported previously.
https://www.ccn.com/thailand-20-companies-have-applied-for-crypto-exchange-licenses/
It’s all right, I hope that it helps to increase the number of people that are into Bitcoin and also help the community to grow further as many companies are now getting interested. Though I have always known that these kind of thing will surely happen immediately they said that Thai government has started allowing their citizens to make use of cryptocurrencies, I knew that many companies will sign up for it and now it’s happening.
3990  Economy / Trading Discussion / Re: Important trading psychology lessons that you should take note of on: August 14, 2018, 06:04:28 AM
In order to be a trader you also need to be decisive, there are many people that keep second guessing their decisions over and over again and there is a time where you need to be resolute and take a fast decision, and once you take it you accept whatever outcome that happens, and that is something very difficult to accept especially if the decision you took was the wrong one.
Losing trades are perfectly normal during trading sessions. It's called collateral damage, which is impossible to avoid since the market will always do something you don't expect, even in the stock market.

High frequency trading done by institutions can result in several days without one single penny in profit, but they at the end of the month still manage to squeeze out a profit due to their consistency.

And high frequency traders mostly are granted precious information from the stock exchange itself that allows them to front run orders. If even that doesn't result in guaranteed profits, it simply doesn't exist.

In other words, losses are part of the game.
You are right losing trades is normal, but the fastest your turnover of coins the less losses you can afford since the earnings for each trade are going to be very low, unfortunately many cannot accept that fact and instead of accepting they made a mistake and cutting their losses they keep hoping the market to change course, and if it does not, that single loss can be devastating to our capital especially if that day trader is using leveraged trading.
When it is a game, sometimes you lose and sometimes you just win the field. Same happens in trading as well. This is all about win or loss statement. You are good to go for winning if you are fully equipped with best learning and technical skills that would help you get out of some hard situations. But in case of losing, don’t lose your heart as well. Keep firm and keep on trying in alternate way.
3991  Economy / Economics / Re: When will people feel comfortable using BTC ? on: August 11, 2018, 09:22:25 AM
I think it boils down to usability and the fear of losing money due to bitcoin's volatility.

Right now, there really is no point in using bitcoin if you're just a regular individual. You have fiat money and you have been perfectly fine since day one. Why the sudden switch to using bitcoin, right? I think crypto is really useful to people who sends money online. The fees are just a lot less especially when you have to transfer abroad. Other than that, is there really anything else? There isn't much reasons for a regular individual to use bitcoins. If I wasn't making money from the Internet, I probably would have stayed away from bitcoin and have focused in other things instead. We need the merchants to start accepting bitcoins.

The next thing, people are afraid that they are going to buy bitcoins and then wake up the next day that the price have become really low. It's very unlikely for that to happen but it still can happen. To solve this, people should realize what volatility is and how can they be in profit even with the market going down. They have to understand the concept behind it to understand that it's a normal thing to happen.

On the other hand, what's the fuss anyway since we're making money from bitcoin and we don't need non-tech savvy people asking dumb questions here. Roll Eyes
Actually it is we who are making the Bitcoin so volatile and it is irrelevant if we are grumbling now because low market conditions are our own deeds. If we stop panic selling in low market then the Bitcoin can not stop in increasing its value.

As long as the liquidity is decreasing means that participants are decreasing then we will be standing in unfavorable conditions like we are currently in.
3992  Economy / Economics / Re: How does a decline U.S. Dollar can affect Crypto? on: August 11, 2018, 07:21:34 AM
Hi guys!

Robert Kiyosaki says, 'I think the dollar is toast because Gold and Silver and cyber currency are going to take it out'.

How likely it is that it will be true?
How can this affect crypto, specifically the price of Bitcoin?

Thank for you opinions!
Who is even Robert Kiyosaki? I’ve never heard of him and I also don’t think he’s right. They keep saying all these cause it’s just a way for them to promote these stuffs and get people interested in cryptocurrency.

They are doing all these and forgetting about people who can never get a chance to know what crypto, that’s because they are doing all these out of selfishness and greediness.

If cryptocurrencies happen to take over and eliminate our main currencies, do you even think of those who don’t have access to the internet, those that are not educated and the poor ones in our communities, cause these ones won’t be able to use Bitcoin.
3993  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you think this year will be Red? on: August 10, 2018, 08:25:03 AM
I still think that until the end of 2018 we will not see a general growth in the market, bitcoin will remain in the range from 9000 to 5000 dollars and accordingly the entire crypto market will remain approximately at the same levels.
I do not think the end of the year will be red because of the current market trend which is prone to rise and the indicators that determine the general behavior of the market are positive.

Besides, there is an element of market growth around and can bee seen by observing the ratio of rise and the ratio of fall and on the average, a rise after a fall is always greater. So the year might not be possibly all red and we will have some green days as well.
3994  Economy / Speculation / Re: Again BTC going down? on: August 09, 2018, 09:33:37 AM
Yes again bitcoin price goes down very badly, from this year starting itself bitcoin would be down only. The price would increasing but it is not high just a pump thats it. This is normally happens in the market, so dont get panic about current situation surely the price will increase by the end of this year we can expect the real bull run. Hold the bitcoin still the value become high.
Public is now tired of watching the Bitcoin’s price like a pivot its movement sometimes increases on one side and sometimes on another side. But there are investors of little knowledge and we know well that little knowledge is a dangerous thing so they make wrong decisions and sell in low market for little profit which contributes in the price to drop again. As long as we do not learn when to sell then we will be on the same page.
3995  Economy / Speculation / Re: Should I continue hodl my Bitcoin? on: August 09, 2018, 07:48:30 AM
I bought some bitcoin in March 2017, sell half of it in Dec 2017 and hodl the other half since then. The current downward trend seem to last for a very long time and I'm quite upset about it. What do you guys think? Should I hodl or sell all my BTC now?
What it is your plan? I understand that you are upset about what it is happening in the market but there is nothing we can do about it, if I were you I will hold the rest of my bitcoin, after all you sold near the all time high so if I were you I will even reinvest the money that you got out when you sold half of your bitcoin, but you can only do that if you are completely sure that you can hold until the next bull market appears.
Yes that is right that in current time we cannot do anything except to continue holding bitcoin. Because bitcoin price is already trading low and if we will sell our bitcoin in such a low price then we can only lose our money, but if will we will continue to hold bitcoin for some time, I am hopeful that the price will recover and will hopefully recover all our lost.
3996  Economy / Economics / Re: Mistakes That Make You Poor Poor In Cryptocurrency on: August 08, 2018, 11:18:52 AM
With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO

With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
Actually i do not consider this as a mistakes because these are just weakness and not having preventive measures that these things could really happen. These are considered as cautions to everybody who do involve on cryptocurrency. Anyway we have common sense we know what we should do.
There are number of investors who are busy in investing their money into different crypto currencies but not all of them are getting this opportunity to make some good earning and the reason behind is the lack of knowledge and self-motivation to being some positive change in their lives. It gets very much difficult for them most of the time to control their nerves and that they end up making wrong decision.
3997  Economy / Trading Discussion / Re: Common Errors of Trading on: August 08, 2018, 10:46:53 AM
Here are some interesting facts about trading I stumbled across from CryptoCred which I think may be helpful
Common error to avoid when you day trade, I modified some to reflect my own opinion.

1. Revenge trading, trying to get back a trade that has been lost or chasing a trade.

2. Never using a Stop

3. Not having a plan (Risk/Entry/Exit/Stop)

4. Not sticking to your plan

5. Greed — risking too much/not taking profit

6. Being too emotional about a trade.

Plug these equity drains & increase your odds of being profitable.
 You could add to the list and make better trades

Yes almost all the points you mentioned were common mistakes made by the trades even if they are experienced enough.But they also have to learn themselves to avoid these mistakes to make more profits,most important thing is not having a strategy or plan will leads to other errors.
Mistakes aren’t bad. They are for our motivation and learning hub. Those who learn from their mistakes must understand that their professional life would be amazing. They are students of teacher that is greatest of all the materiality approach elements. Mistakes have got hidden instructions that if would extracted out, must be fantastic for the learner throughout his life.
3998  Economy / Trading Discussion / Re: What's your favorite exchange? on: August 07, 2018, 06:08:06 AM
There are many exchanges out there. Which one do you use and why?
Thanks!

Yeah. There are many exchanges out there and there are also soon to come exchanges. I already have tried so many good exchanges like for example POLONIEX, BITTREX, BITFINEX, HITBTC and BINANCE. But among of the 5 exchanges that I have tried, BINANCE is really the best for me because you can trade easily there and the instruction is really understandable they really provide an easy instructions on how to withdraw and cash out. That's all I can say.
Traders look for those exchanges which has more benefit for them. For convenience they chose Binance which has large volume and low transaction rate. There are few others best recommended exchanges including Coinbase, Bittrex and Binance have great importance using these exchanges traders find it easy to reach at their profits and this connection is very important.
3999  Economy / Economics / Re: How did Crypto help you out? on: August 07, 2018, 05:36:46 AM
This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
I am still new on cryptocurrency and for now i would rather say on something that i learned and that is how crypto help me out. Maybe some of the members would say that they were able to get a good profit on crypto since they had a long stay already on it and they were benefited already. GOod for them to get a good reward or even profit on their investment.
Cryptocurrency is more than anything for us because it is a better source for investment and generates huge profit for you which are only possible if you know how it works out. In many countries it is using as a mode of payment and is involved in many things so with the ease people love it though it is valuable but cheapest in transaction rate so all these things made it my favorite currency.
4000  Economy / Trading Discussion / Re: Bitcoin now below 8000 time to buy now on: August 04, 2018, 07:37:48 AM
I think it was a bit of a step back from Bitcoin before crossing the $ 10k mark. I bought it at 6k and sold it at 8k3. I will buy again and carry on higher ground. Bitcoin price increases are just a matter of time
thats good trades for you dude.and you must gain profit much than before.buy when it make correction and and sell it again in higher price.expert said this is using dow theory trading methode.
When you are in trading and you need to make money at the end, this is a long queue of hard work. Best thing is, buy low and sell high. This isn’t that much hard task to do. You have got some money, save it and buy bitcoin. Keep this coin with you tell the time when prices start climbing up. This is best time for you to make money. So, don’t hesitate and sell.
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