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The equivalency to fiat will not matter because the market price of the crypto will depend on its demand.
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I quite don't understand this. If fiat value does not matter where do you base your earnings? Isn't it based on the current market price? which is fiat? |
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Considering the present market situation, which one will be more benefiting whether Daily trading or holding cryptocurrency for long time? Please let me know.
Day trading and long-term investment both are good decision at the moment. But day trading is more profitable for me. Cause if you have enough skill in day trading then you can get profits every day. But sometimes you may loss some. But it's better for me. Thats the point. You must have the skills to be able to do daily trading because there will be many things that you have to analyze and calculate and that requires high knowledge and skills. yeah it's more profitable but of course the consequences will be more greater risk Agreed. If you have the skills you can do day trading, or simply ride the trend of the market. Crypto market today is stable, there is a few ups and highs, if you can ride that then it will surely be a profitable system. |
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... Do you guys have a better idea to avoid theft in the wallet?
Split your holdings. Majority in a secured cold wallet and a small stack on the mobile/desktop wallet for daily purchases. Or: Use a hardware wallet with seed being backed up in multiple secured places. The key is to reduce the possible attack surface to a minimum. And use your common sense. BTC's not only get stolen through digial/physical theft, but also through shitty ICO projects. Shitty ICO project that wants you to install a software to connect to their network and receive worthless coins/tokens. Been there. Good thing I have some small knowledge about Operating Systems so I get to use virtual box and stake it in there. Such a waste of time. |
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... Altcoins have become such a big part of this forum I thought it appropriate to ignore the coin and award based on post quality and structure...
I don't know, but I don't like the discussion in the alt section. It feels different. Some of the topics there are beyond what I know. Digging down turns out it's like bitcoin with a different approach and then I get confused. So I take part mostly to alt discussion nowadays. |
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If this was 2013-2015, I believe that China has a lot of influence over the crypto markets. But today, I don't think there's much weight to their existence in the crypto world except for their miners and a lot of machines coming out of their country. Control over the markets have been distributed for the past 2 years, and we have witnessed that during the ATH. Any news coming out of China has been ignored since 2015 after their on-off stance regarding bitcoin and since then, traders are ignoring anything about China.
Agreed. China's miners left their country and spread out to other countries. They made their countries power over bitcoin decrease. But I still believe they have some miners left in their country. Bitcoin is untraceable. Well, maybe they'd be found through high bills for high power consumption? |
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I don't think all this government trying to destroy Bitcoin. But they are trying to understand and draw border for cryptocurrencies. Because border is so important. However Bitcoin represent of freedom. So there is a paradox. If government will set a limit for crypto, then they may broke the decentralized structure. I think we have to find another solutions. ASAP! Agreed. I think it's not that they hate bitcoin it's that how they can implement laws on it, and force tax to it. And they do it through hubs/exchanges. Which they technically break down the rule of decentralization. |
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Good to know that still there is one in the Philippines. If I remember correctly, that ATM machine is not working anymore. Better check it myself or ask a fellow man.
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Do you think Bitcoin will become the first world currency for buy and sell ?  I think no. But for worldwide exports, it can be. The thing about bitcoin is that we can remove the middlemen in the chain of the buy and sell between countries. It will then lessen product prices and make all supplier fight based on quality. |
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https://bitcointalk.org/index.php?topic=2827596.0This is a merit give away from Question Authority. I thought it is not allowed to sell merit, or to compete for it? I don't know really. Seems not clear. But due to the fact that I too needed it, I will join these kinds of discussion. Hope I can get some to rank up.
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As the market corrects, overbought signs disappear and now almost no one calls crypt a “bubble”.
Agreed. The new argument is that it is manipulated by whales. I bet it is. If those whales choose to recover the market then it will back again, but I think they will not be easy on that, who doesn't want cheap bitcoins for high returns. |
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Binance actually removed their fee for listing. Plus all the positive things that have been said here (security, etc). I think binance conquered the cryptocurrency world with great consideration with the understanding that crypto is still a baby and someone needs to take care of it.
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That for me is scary. Imagine people all over the world competing and moving with one financial market. One dump will affect billions of people and vice versa for a pump.
I mean things in regards money, the movement, will affect each of us heavily. (Correct me if I'm wrong)
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You can also try NFC based paper wallets or NFC based card for storage but it would require NFC reader/writer. Normally NFC is present in smartphones but if not then you might have to buy a hardware that reads and writes NFC chips but will cost you.
That's a nice idea. Are we also able to write seeds on the, sample a Mifare or Proximity card/Tags? These mediums will last for years without people worrying about it. We can write here private keys with a passphrase, like what they do in paper wallets. It's just that the only way to access the key is through a reader. |
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This may happen and may not. This greatly depends on how the world will interact and adapt to bitcoin and how bitcoin will develop to be user-friendly over time.
People are scared of a thing if they do not know it, they consider it risky, so I think user-friendliness will the key.
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Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
Market is not controlled by anyone but it is most definitely manipulated y big players. For decades penny stocks and big stocks have been manipulated even in their regulated environment, so what make you think that BTC with its low volume and thin books lately cant be manipulated? it can and it is. Just what I am thinking. Anything that has market can be manipulated by large sums of it. Say it's gold, stocks or fiat. It all can be manipulated. |
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Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.
I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.
Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.
if you are a crypto trader, you will choose to sell coins when you make a profit, not think about whether the coin will rise again, because a trader seeks profit in the shortest possible time, and that's what I do exactly when the profit is seen it doesn't need to hold it for too long and expect even greater, because when you get profit it's good to sell don't expect higher because the cryptocurrency will change quickly so it could even be a loss if you hold it too long. Agreed. After a high is always low. Crypto is volatile and you will not know what will happen, well if you technically analyze charts you might get some insight. The rule of thumb is not to be greedy. It will save lots of the funds always. |
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If people are educated enough in those countries then they are really can cause an impact. Positive and Negative impact. Positive if they actually use the technology and Negative if they find it not easy to use and if they experience bad from it.
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Better not believe in such experts, as OP says, always think.
When a news came out it means that the profitability is already done. Meaning it's too late for you. And that also means that you are going to be the victim if you continue.
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I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency
Well this is not a good news for all of those people in sri lanka who really wants to invest in crypto, banning bitcoin in other countried is really bad news for many people who also wants to be very profitable in cryptocurrency, hoping in the next few years sri lanka will make bitcoin legal. Actually, they have not banned bitcoin, they just released a memo concerning the safety of investors and business that uses cryptocurrencies. |
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