Excess is not good for anything, In trading with the cryptocurrency world, you need to be very careful and cautious to this system, I think you need to be brave but you have to take your every decision based on your own view, I think day by day this cryptocurrency world is getting complicated and competitive so you are not the only person to be here, if you are a professional trader then the case is different, but overconfidence sometimes kills you, but I think for the short term trading purpose, you need to get couraged to take some decision regarding Trading.
Of course, each trader will have his own personal opinion on this issue, but despite the fact that I still have very little experience in cryptocurrency trading, I believe that the current state of the cryptocurrency market will not allow me to achieve good results. I hope at least a small income from my activities, because very often I lose than earn. Perhaps when the cryptocurrency market will have a bullish trend, thanks to new investments, it is possible then that the user will be able to get real experience in trading, and not the stressful experience that I get today. |
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I do not appreciate projects that require KYC. I do not know what they need it for? I only KYC at exchanges because it's required to trade or withdraw money from exchanges. If any project requires KYC to participate in their project or receive a bounty reward then I will definitely never join.
It seems to me that initially you need to study all the reasons why there was a requirement to provide KYC and you also need to take into account your attitude to all these reasons. If we are talking about the legalization of money that has been earned by criminal means, then the requirement for passport data from investors is quite justified. If it comes to the requirements of passport data from the participants of the Bounty company, then there is no reason for this, since the Bounty campaign pays money for the work done and therefore the KYC requirement is illegal. Regarding the provision of passport data on cryptocurrency exchanges, there is also a real explanation for this when the exchange acts legally and it needs to report for large amounts of funds used by customers. |
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You can’t be so categorical in relation to poor people and assume that all poor people are cabbage rolls. I live in a country where people with higher education trade in the market to feed their families. We have such a situation when a simple barista in a cafe earns three times more than the chief engineer at the enterprise. Moreover, people who work hard do not always receive their miserable salary on time, while people sitting in offices at the computer earn tens of times more and still receive bonuses several times a month. Therefore, it all depends on the circumstances and all that surrounds us.
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It is completely understandable that such people are quitting this market, who is going to want to be part of it if they keep losing money, I know that this is not really the fault of the market itself but the fault of all of those people that do not really took the time to learn how to trade or how to invest before they do it, so I think that as you say it is important to concentrate on controlling your emotions and learning what type of trader you are and then studying that particular form of trading so you can become more effective.
Of course, there is a lot of people’s fault in what is happening today, but nevertheless, it is necessary to take into account the fact that most investors in 2016 and 2017 started their activities thanks to the growing trend for cryptocurrency around the world. The entire Internet was filled with advertising and information that using cryptocurrency you can earn big money and many people have made their choice in favor of investing in cryptocurrency. But while not having enough knowledge and trusting each new project, many users lost their money, thereby replenishing the pockets of scammers with their money, and not increasing the capitalization of the cryptocurrency market. It is because of this that the cryptocurrency market first soared very high, and then immediately fell, as fraudsters began to withdraw stolen funds from the cryptocurrency market to fiat. |
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Its a statement and action that is expected to happen eventually because the developers have turned hardfork to a joke. They just prefer to create a coin from thin hair and ready to start expecting the owners of exchange sites to use their liquidity to support such coin. This is even a welcome development because the statement did not go after the small coins but the big ones which shows that they meant business. However, I think they should focus on the forked versions of coins and not the coin itself.
You are 100% correct and the point is that the administration of the cryptocurrency exchange themselves makes their choice regarding trading pairs and all cryptocurrencies that are listed on their exchange. Based on this, I can not understand how exchanges can be indignant about a hard fork. Of course, the benefits and benefits of hard fork should be discussed in a separate Topic, but I don’t see any problems for exchangers, since it is the trading exchange that dictates the rules. |
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I have no idea but when we look back at the halving history of Bitcoin the price always increases. But no one is really sure this halving will help BTC increase in the bear market, I hope Bitcoin price can exceed 10000$ and be stable for a long time in 2020. I do not set the target too high because the current market is very boring and there are too few investors interested in the market at the moment. As long as the price goes up to $ 10,000 and I will sell all the Bitcoin I hold and wait for a better price to continue investing in it.
In fact, no one doubts that Bitcoin can once again reach the price of $ 20,000, but the whole problem is how long it takes for Bitcoin to reach that level. It seems to me that the situation on the cryptocurrency market has changed dramatically compared to what happened in 2017, but you also need to take into account that the attitude of the public towards cryptocurrency has also changed and today everyone understands and realizes the risks of the cryptocurrency market. But if we talk about the benefits of investing in bitcoin, then first of all, everything will depend on how long the investor makes an investment, since only a long investment can bring a good profit. But if cryptocurrency users who buy Bitcoin at today's price, because they have planned short-term investments, risk losing if the market goes down. |
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The problem is that people too easy to dragged in by just the sensitive news , hard to hold together at certain point, people easily sell the coins in panic once the market fall.
It looks like noone committed to bitcoin as a long term investment
As people leaving bitcoin when the price down drastically and coming when the price in bull run.
Typical impatience hodler ...
$10k reasonable for the upcoming hardfork at least I can expect it in the next few months
Indeed, I completely agree with your opinion and in my opinion the current state of the market can really be called panic, because all cryptocurrency users are subject to panic due to negative news, as well as because of information that is alarming and because of which there are thoughts about prolonged decline in cryptocurrency prices. Thus, today, news about the sale of large volumes of Bitcoin and the preparation for the sale of a large volume of Ethereum from wallets, which has been frozen for a very long time, have a very strong influence on cryptocurrency users. For example, Whale Alert's Twitter account information announced a transaction of 789,525 ETH from the wallet associated with the PlusToken cryptocurrency pyramid. There is an assumption that one of the big whales will sell cryptocurrency and because of this, in any case, the cryptocurrency market will collapse. I hope that the situation will have the opposite effect, as soon as cryptocurrency users are convinced of the reliability of their cryptocurrency investments. |
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I would diversify and get some if both Bitcoin and gold. I even prefer to diversify further by holding some ETH as well as a couple of other altcoins. This is in addition to mutual funds as well.
Indeed, you are saying the right thing, because it is quite reasonable to make your investments in several promising coins, and not focus on bitcoin, listening to very sweet forecasts. In any case, such actions will be beneficial in the future and will save you a lot of risks, because at least a few percent of all investments will bring good benefits to the user. If Bitcoin and Ethereum do not raise doubts among investors, then the choice among other altcoin is very difficult. |
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Bitcoin unlike other commodities is never boring even if the price of bitcoin has been going down for the last 6 months you could have shorted the market and earned a fortune while the price of bitcoin was going down. And that is just the long term trend you just have to take a look at the movements of bitcoin during the last weeks to understand that there were several traders that made a fortune during the last days.
However when this market gets stagnant for real and does not move then many people lose their interest since they are here for the volatility and not for the long term goals of bitcoin.
It seems to me that if cryptocurrency users changed their attitude to bitcoin, then this would bring much more benefit to the entire crypto currency market. If every investor made long-term investments in bitcoin, then clearly the price of coins would increase dramatically and the stability of Bitcoin would bring much more benefit than today's volatility. Today, all the problems of the cryptocurrency market that the cryptocurrency market receives from the governments of many states are primarily associated with the lack of stability and because of the possible dangers and risks for each user, which many officials justify their negative attitudes towards cryptocurrency. |
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Honestly, I don’t hope for Santa Claus and I don’t hope for Christmas gifts, because I myself hope only for my strength. Recently, a very difficult financial situation has developed in my life, therefore it is thanks to the cryptocurrency that I have in my main income, which limits me very much. Based on this, in any case, all my purchases occur at the expense of cryptocurrency and primarily thanks to Bitcoin and Ethereum.
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That's a good news to hear about such bitcoin is legal now in Ukraine, I hope that bitcoin will be spread over the world and more countries keep legalize bitcoin, so then, bitcoin will be stronger and even it's gonna gain a higher value and more people will join our bitcoin community!
The adoption and legalization of Bitcoin by the Ukrainians authorities would have a positive impact and exposes btc to the entire European countries thus gaining wider spread invariably making its price to gain value. The fact that a certain list of countries that legalize cryptocurrency is being created is already very good news for each cryptocurrency user. Of course, for this period, the new government in Ukraine is just beginning to prepare a legislative framework in order to regulate the entire process of using and controlling cryptocurrencies, but I am still interested in those projects that were created in Ukraine in past years and were frozen, such as UAHPAY. Perhaps this is already a Dead project, but nevertheless they have not forgotten it, despite the fact that there is no news. |
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Bitcoin is a total worthless coin
Anything on this planet has value if people say 'it has value' and the BTC price reflects that. If this thing is well distributed, open and for everyone accessible than the price is real. @Satoshi Nakamoto: Distribute the early mined coins and make Bitcoin stronger. We need your support. Yes, as time is passing by, then the real value is how people determines it, it is not because it is worthless or cannot be seen, but with the continuously evolving and innovating technology today, people have seen the potential value and growth of cryptocurrency that it is the future currency, and is treated as like a gold, that they can treasure for the future. The value of Bitcoin will primarily depend on how much and how actively people use this coin for their needs, and from this we can talk about how profitable it is to invest their money in bitcoin. Of course, today the cryptocurrency market has certain cryptocurrencies, which in some respects exceed the characteristics of bitcoin, but nevertheless, Bitcoin remains the leader of the cryptocurrency market. |
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It is unfortunate that very few users participate in the survey, because I would like to know the real mood of bitcointalk users in relation to the future of Bitcoin. Nevertheless, if we recall the end of 2018, we can safely say that the current state of affairs in the cryptocurrency market is not as bad as it was at the end of last year. But the most important thing is that the price of Bitcoin is around $ 7,000 and does not fall below, and this indicates the real value of this coin and its demand in society.
For me personally, there are other cryptocurrencies that I have very high hopes for and at the same time I believe in the prospects of these projects. But if we talk about Bitcoin, then my excitement responds to all the forecasts that speak of big scenes on this coin and therefore I risk a certain amount of funds for investing in Bitcoin. But I can risk these means without problems.
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It is not actually about the safety itself but the fact, that with some cryptocurrencies in such cases there is needed an additional transaction ID to identify your funds.
If a person sending you crypto will not add it, either someone else sharing that wallet might get this crypto (instead of you), or it will be unallocated and you will need to contact support to get your crypto back, what in worst scenario can last for whole weeks.
Safety is more related to the website itself, hackers are hunting for all the types of wallets, especially online ones...
This is why we as a crypto exchange always tell all of our customers - once you buy crypto with us, make use of it as soon as possible after purchase (like sending to your own cold/hardware wallet), not to store it anywhere online for longer than necessary.
As well this is the reason why exchanges themselves do not store most of their funds online but in safe offline wallets or use advanced safety systems to avoid losing their customer and own funds.
Everyone learnt their lesson from 2014 Mt Gox hack.
Is it really a matter of large volumes of bitcoin, then of course, hackers will hunt for the owner of this wallet and use any opportunities to gain access to funds. But in other situations, when buying small volumes of Bitcoin, as well as other cryptocurrencies using my credit card, when using certain exchange resources, I don’t see much danger if the user protects his online wallet well. The main thing is that this wallet should be, for example, on the blockchain info, and not in the account of some exchange. |
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I am 100% sure that it is a crook trying to trick you. With such a huge profit, no one has to work as a hired employee, they just need to invest and receive money.
Phishing appears in many places and they have many ways to seduce new people. I guess as soon as you deposit, you will never be able to contact the LinkedIn trader again.
If you want to make money on the cryptocurrency market it is best to make your own decision, never trust the guys who talk about huge profits.
Once I watched a movie starring Leonardo DiCaprio, called "The Wolf of Wall Street." This film really impressed me and revealed the essence of how strangers can manage other people's money. I believe that it is better to study this activity yourself and find a good strategy for managing your portfolio, rather than hiring someone from the outside. |
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I constantly met information that traders earned very good money from their activities. Of course, for good results you need to have not only experience, but also a good knowledge base. I decided to take risks when I had a Populous coin and this coin in a certain period ranged in price from $ 1, to $ 1.40 several times a month. Thus, I saw the opportunity to buy cheaper and sell more expensive twice a week and it was a very good opportunity for me. I have never seen such opportunities, but nevertheless I decided to continue to work in this direction. This is how I began to study trade and learn in practice, but first I want to master scalping.
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That is true, we should only focus on the few cryptocurrencies in the market instead of wasting our time and effort to check all of the cryptocurrencies in the market. It is just about being wise and smart that in the long run, only the OGs and the real cryptocurrencies with working product will definitely make it at the end.
Today, the entire cryptocurrency market, as well as each cryptocurrency, is in the spotlight due to fraud and the use of cryptocurrency in criminal activities. It’s not only about fraudsters who manipulate the cryptocurrency market, but also developing fraudulent projects to rob investors, but it’s also about those actions that make governments speak negatively about cryptocurrencies and try to impose rules on users where cryptocurrency users lose their anonymity and will be forced to provide passport data. One way or another, we will not be able to get away from reality and KYC will be mandatory for each cryptocurrency user, as well as a global check of each company that is connected with cryptocurrency will be mandatory and this will be a panacea for existing problems. |
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Before investing in a coin, we should know clearly the background of the coin, especially for new coins.. it would be nice if discussing first with other crypto-enthusiasts, usually they will give us some advice. But I personally prefer investing in popular coins like bitcoin and ethereum compared to new coins.
In any case, it is very difficult to determine the prospects of a particular coin yourself in order to make a choice for a profitable investment. You need to constantly study the information and tips of other cryptocurrency users. But you also need to pay attention to the idea of the project itself and its prospects in the future, because only the most popular project in society will have all chances for practical use, and this increases the chances of good coin pricing in the future. |
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With time there is development of more efficient mining machines. This gives increased output with much reduced electricity consumption. Already there were more mining firms that are functioning on the sustainable energy. Governments that are against cryptocurrency state that bitcoin is causing pollution and a global disaster to the environment. Even there big political play is happening in the global arena.
I believe that environmentalists should not care about the ban on Bitcoin, but about the development of alternative energy sources around the world to stop using nuclear power plants and thermal power plants, because people can easily use the energy of the sun, wind and water, while without throwing harmful substances into the air and without polluting the environment. For the extraction of Bitcoin, users use only the energy that exists at the moment and nothing more. |
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It doesn't matter if you are shitting about KYC when you are literally using social media that even your profile are publicly visible to everyone. It doesn't matter if you are a person that have the "anonymous" stuff when you are clearly using anything that requires a profile data.
It's benefit for some people and could lead you to a disadvantage.
Cryptocurrency users are constantly outraged because they are required to provide passport data, but most users have their personal data publicly available and here you are absolutely right about social networks. KYC can be useful and quite the opposite, but this is only if you look from different angles. I believe that the requirement to provide passport data exists not only to find people who evade taxes, but also to find attackers who use cryptocurrency for criminal activities. |
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