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Interesting article. I never liked Steem personally and I dont get why Palm Beach Confidential recommends them.
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Actually, Palm Beach Confidential just put out a warning that the Ledger Nano S can be compromised in some situations. I believe it had to do with hackers being able to switch the outbound address on you because its manually hidden until you click on the monitor icon.
Anyway im sure the Nano S works fine otherwise. Personally I use a Trezor and I couldnt be happier! Super secure. Easy to use.
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If youre a beginner, this post is for you.
There are two kinds of fear youre going to experience as a crypto trader. The first is FOMO, aka. The Fear Of Missing Out. This fear starts after you see a coin you were going to invest in or a coin you sold go to the moon. After that, you become afraid that youll miss out again.
Let me be clear. You are going to miss out. There are over 1000 coins, with a lot of them going up all the time. You cant catch em all, this aint pokemon.
The best thing you can do is let that idea marinate. Realize that there are hundreds of chances for you to make a lot of money, and there will be years of profitability here. Cryptos are here to stay.
FOMO is the main reason people buy too high. The truth is, whatever coin youre after, its going to dip at some point. Its this volatility that allows us to prosper so much. Boring, stable markets produce boring, small results.
Warren Buffet said, "The market is a device that transfers money from the impatient to the patient."
When youre jumping on every climb, youre going to get burned. Either buy and hold, or arbitrage are fine strategies, but neither work when you buy high and the panic sell. Do your research, keep a diverse portfolio and dont try to outsmart the market, because youll probably fail (see my signature for a good research group)
Which brings us to FOLE (fear of losing evrything). Everyone is scared of losing their investment. Luckily, you didnt invest more than you could afford to lose, right?
If you did, your fear of loss is going to dominate your decisions, increasing your chance of making bad moves.
Frankly, if you have too much in, take some out. If youre losing sleep, if youre making mistakes due to fear, its worth more to you to have less in the market. You will profit more in the long run. Wait for a high point and take profits.
If you do all that, you can trade without giving in to fear, and you will be much more successful because of it.
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There has never been price stability in crypto, this is the most volatile market by nature and I don't expect this will happen anytime soon. On the contrary, we shall keep seeing large swings. You should know that if you are in crypto.
This. I wouldn't expect the market to be stable for years. |
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ZCash, OMG, Litecoin and now, Cindicator.
Cindicator is awesome. Its a state of the art prediction system. You can read about it from the last Palm Beach Confidential report (see my signature below for a Telegram channel that has it). It was the featured coin. Basically, it uses crowd intelligence and blends it with AI and its very accurate.
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This is the beginning of bitcoin as well cryptocurrency to make changes in the world, because now more people has known about it as well more governments were keen on making regulations as well focused on using it for several other efficient functioning.
I cant wait to see which country adopts cryptos as its base currency first. |
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Why all panic. Such situations have already happened and will be. The market is unstable and will not be lagging until it works. The price of 19k $ for BTC could not be maintained for a long time.
It certainly wasnt a permanent base, but it will hit 19k within a couple months, I believe. |
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See? The market is coming back already. It might be too early to say if it lasts, but a lot of coins gained 50-60% overnight!
This is why you wait and dont panic. Hope you all bought the dip!
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Bitcoin and Ethereum are two of the most popular digital coins today. In terms of value, bitcoin is much larger than ethereum, but in terms of potential, ethereum is quite capable of dealing with bitcoin. So you think which one is better?
Theyre both good investments, but I think Ether will edge Bitcoin out long term. Just solves so many problems and has so much potential. So far Ether has been gaining on BTC during these dips, and the price stability for ETH is incredible right now. |
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Fictitious market information comes from India
Asked by Finance Minister Arun Jaitley, read:
"The government does not recognize cryptocurrency as a legitimate tender or penny and will take all measures to eliminate the use of this cryptographic asset to finance illegal activities or as part of the payment system. "
However, this was blown up: "Arun Jaitley has just killed the cryptocurrency party of India," by a Quartz article on the subject.
Although he just wanted to address the issue of eliminating the use of the act
unreasonable cryptocurrency
Yes, this and the Tether situation is why were seeing so much FUD. Just more irrationality. Market will recover soon. |
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Bitcoin will not die just because of countries and governments banning bitcoin, its transactions and everything about it. Market will always find ways to get what they want, and if they want to keep investing in bitcoin, they will do everything to make it happen. Bitcoin from the very start is unstable, it keeps growing and falling. Not a single day we can't see any difference with its price. It grows continuously in days and falls as well. This is how it works. But we all know that bitcoin always rise and grow after falling and this, we hope so will soon happen after this continuous fall.
Yeah, plus regulation will provide stability and thats coming soon. |
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Altcoins are known as "scamcoins" for a reason - they will die a relative death. Bitcoin will prevail.
Bitcoin's blockchain is the only unique one to provide the most security in a decentralized, global, incentivized fashion.
Bitcoin's price will be at the very least more than 4 times (400%) of todays price in 5 years.
Bitcoin's lightning network is emerging where fees will be tiny and cross-chain atomic swaps for decentralized exchange.
Governments and laws are controlled by the central banks. Bitcoin is an anti-establishment revolution that has already solidified itself worldwide.
Bitcoin cannot be controlled. It cannot be banned. It cannot be made illegal. And conversely it cannot be legalized. It just simply is. And people can always use it.
Those trying to undermine and manipulate bitcoin stem from the central bank system around the world;
-the central banks dictate policy to all the operating big banks around the world and have essentially tried their best to ban bitcoin related transactions for more than four years straight, ever since 2013, and have failed at stopping bitcoin's growth, adoption, and popularity
-the central banks fund efforts to undermine bitcoin, providing plenty of capital and liquidity to private companies and venture backed groups such as Digital Currency Group (they own Coinbase, GDAX, Kraken, Bitpay, and media outlet Coindesk) and also Roger Ver/Bitmain to undermine and break the bitcoin protocol and/or manipulate trade
Above are just small examples.
First, educate yourself and then others. Please checkout the link to the bitcointalk post in my signature titled: How to teach Bitcoin to a 7 year old.
Bitcoin is a secure, decentralized, trustless and open system which cannot be banned nor controlled.
Bitcoin is ultimate store of value and its popularity has strengthened over time and maximizes value compared to any other altcoin...why?:
If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it required a central 3rd party to function, there would be no value
If it was stopped after all major banks on Earth banned in 2013 to today, there would be no value. (say "bitcoin" when transacting and watch the block of the transaction. simple fix=never mention "bitcoin").
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
Bitcoin is on the verge of lightning network release rendering altcoins as only backup plan options if not dead.
If it was exactly like fiat and only did transactions, there would be no value.
Bitcoin's value is worth hundreds of billions USD today. Altcoins however are scams, weak, pyramid schemes not offering these values.
Bitcoin has all the characteristics needed combined to hold the most value and increasing more than any other financial-asset option coming from the manipulated fiat central-banking debt-system. (more than stocks, more than houses, more than gold)
I agree with some of that, but Bitcoin cant do everything. And blockchain, which powers it, is out there for anyone to work on. Other coins are better in their niche, like privacy coins, smart contracts and dapps, prediction markets. Ill never understand why people think crypto is a "winner takes all" game. |
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I think it's just the beginning. Well, the second coming. It's been around for years. Mainstream just wasn't savvy to it until the explosion last Fall. I think eventually we'll rely solely on digital currency. No more exchange by hand. The movies had it pinned down years ago with cards and implant chips. ...just my op.  Ugh, I don't know if I could walk around with an implant. Can't it just be a pin you wear on your shirt lol |
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I disagree. We have seen worse dips in the past, that is true, and if it was just one dip I would agree with your post. But the market has been having those dips one after the other for quite some time now. You can't compare the situation now to the past as so many things are different now. There are several things that are going on for quite some time now (most of them are related to countries how try to manipulate the market or regulate it) that causes bitcoin to bleed hard. Also you have to consider that last year was crazy for bitcoin, especially the end of the year, and now the market corrects himself. I still think there is a good change BCT will reach ATH again by the end of the year, but I wouldn't say that with complete certainty like you do.
No one can predict the future that is for sure. But heres how I see it: Markets are basically people. A collection of people who are investing for different reasons. But when I look at the crypto market, it isnt just greed compelling people to hold on. Its not like stocks, for example. Cryptos and blockchain in general is something that a huge block of the market believes in, strongly. There are quite a few people who held Bitcoin since 2009... For 4 years... Until it saw real growth. And with coins like Ethereum that can seriously change the world, you have a lot of people willing to hold on through almost anything. Weve never had such a series of hits inthis market, but when you look at what caused it, its nothing that will cause the core of the market, the true believers, to abandon ship. |
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If you're new to investing in cryptos, youre probably shitting your pants right now.
But heres the thing:
Market dips like this are nothing new. In fact, when veteran investors see dips like this one, which is due to yet another country regulating cryptos (and the exposing of Tether as the scam that everyone already knew it was), we get giddy with excitement...
Another chance to buy good coins for cheap!
You see, weve seen the market do worse. In the long run, when you look back on the charts spanning years, dips like this you wont even be able to find. And the truth is, regulation will be good long term because it legitimizes the market
Crypto is a very new market. New markets have tremendous volatility. The best way to lose money is to sell off during these dips. Holding on is the only profitable way through. Because in a few weeks, or a month or so, the market will come back and soar again. Blockchain isnt going anywhere.
So stick it out, research good coins to buy and buy them now. Youll be very happy you did.
@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential. Join us!
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Man, im a straight up evangelist for cryptos. I try to find any way I can to bring it up. Whats great is almost everyone I talk to about it actually finds it interesting especially when we talk about political implications.
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The CFTC is involved in the Tether case, so I'm thinking the government will end up taxing them as commodities, which is actually great. I mean, its going to be almost impossible to enforce taxes if you do business on non USA exchanges but they'll try.
If cryptos are taxed as commodities, theyll be subjected to much lower tax rates than income tax rates.
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Mine was selling Verge before it went 13X lol.
Everybody post their biggest mistake!
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I think it's just a matter of them playing catch up. Most people are late adopters. It's going to take a while to happen.
But Anti Cen was right when he said there's a lot of sheep. People are cognitive misers, they don't like to expend the energy to think for themselves.
@charteroakpublic
- a telegram group that leaks picks and information from premium sources like Palm Beach confidential
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Yes, and Bitcoin can be converted into other currencies by political groups who sidestep their countries and use online exchanges but the argument is anonymity, not in-country usability, which I'm betting you knew but you're realizing your argument is 💩 so you're moving the goalpost.
Ah yes, attack my bottom tagline when you can't provide a worthy argument. Classic ad hominem. Now I know this was a drive-by trolling. I noticed you have an advertisement as your footer. Hypocrite much?
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