Buy at the dip thats just as simple as it is When the stocks are down Is a perfect clear chance to buy at the dip man Most of the time thats what you are suppose to do assuming you value the coin to have some fundamental potentials in the market
Not an expert here but if it were that easy, there wouldn't be any fuds and people who got themselves rekt. As things stand, there are probably more people who lost money than those who made profit. And i'm pretty sure all of them are very much aware of the buy low sell high principle. It's just not that easy to put it to application. Buy low and sell high is a general principle (as you said) In practice, though, it may mean quite a lot of different things. For example, in a bear market you may be buying high and then selling low in order to buy lower again. That cycle can be repeated a dozen times until you reach a true bottom and then you just let your profits grow. In this way, it doesn't matter how many losing trades you make as it is the end result, i.e. your balance, which counts in the end |
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Indeed at the current market situation, trading is the only way to make profit although it is still hard to make it but the chance to get profit is still better than HODLing.
For most people trading means losing their coins instead of just the virtual $$ value in case you firmly hold your coins I don't quite understand what you mean by this If I got you right, you mean that people buy or sell coins and end up with less coins than if they didn't trade at all, right? If so, it doesn't in the least mean anything. As Bitcoin is by far more volatile that the American dollar (not even speaking of other cryptocurrencies), in general it's not correct to gauge one's trading performance by considering their balance in bitcoins or altcoins In this way, you may actually end up with less coins but if your balance grows in US dollars (let's admit this is exactly what most of us are looking for and dreaming of), it is not what losses stand for. And it is still more so in a downtrend market as at any moment you can buy more coins with your dollars than before (if you choose so, of course). As long as your balance is improving in dollars, it's okay |
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Could we like have the same thing for old accounts as well? I try to withdraw my coins here and there which means even tough sometimes I do not have captcha, sometimes I do have it and even tough its like nothing and we can all solve catpcha and its fine, its still not really enjoyable. I am fine with it if you say keep doing it but if we could have like over 1+ year accounts not having any it would be really great news for old players like me I don't see any captcha And I don't know why. Maybe, it's because my account is really old and they think I'm kinda trusted user (which I definitely am). Today I have withdrawn over 100k satoshi from the faucet, so right now I have a little over 3k, i.e. just enough to pay my referrals (I remember about you, boys, don't worry), and there is still no captcha for me. But that's a good thing anyway, therefore I don't mind |
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Omg, are you seriously on Maduro's side here? He's literally doomed the country and what UK and US are trying to do is just save its remains. Citizens of country with the largest oil reserves are struggling from poverty. If he gets the money from selling oil or gold Venezuela will no longer have overseas assets and thus, eventually, won't have any value behind it. If he had Bitcoin not only he would lose most of his assets for now, but there would also be no one to stop him from illegitimate spending of all that's left This is not the politics board But I still wholeheartedly agree with you. And that's why Bitcoin in the wrong hands can be a dangerous thing. As this case shows (I mean with London refusing to give back the Venezuelan gold to Maduro), dictators can be effectively dethroned by cutting them off of the financial support (it is just a matter of time), but with Bitcoin it will be a lot more difficult and will likely cause a lot more of collateral damage |
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Many well known institutions, companies and organisations are already showing their support for blockchain technology. It is a good development seeing some governments supporting the technology. The odd: the support is just for the tech and not for bitcoin or cryptocurrency I don't think it is even so for the tech It is just empty words meant for general and clueless public as we have yet to see a viable application of the blockchain technology beyond cryptocurrencies (I mean actual use). I don't really rule out the assumption that the blockchain may have other applications, but these applications (for example, in the election systems) are more defying to governments than the use of blockchain for cryptocurrencies |
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The anticipation around the next halvening will certainly be an obvious medium term high point I think. Whether it triggers a greater move or not will take time, same as last halvening I can remember that being a dynamic. People focused on the date literally of the block chain but the reduced supply of block reward is the turn of a vice adding pressure to the price not a hammer blow to ignite anything by forced effect - its cumulative Things were complicated before and after the previous halving There was a good deal of hype prior to the actual date which allowed the market to be rising for half a year till a few weeks before the halving. Then there was a massive correction in June 2016 due to people booking profits (I told about such a possibility in May), with the Bifinex hack in August adding even more insult to injury. And the real growth started only in September of that year when the effects of the reward halving finally began to kick in |
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i doubt a loss of over 85% of marketvalue can be considered "unbeaten" "king" or "unbeaten" It depends upon what you compare it with Most people here compare Bitcoin to the rest of the pack, i.e. altcoins, and the result of this comparison unequivocally allows to claim that Bitcoin is still the reigning king of crypto far ahead of any competitor (an indisputable champion if you please). Apart from that, don't forget that Bitcoin didn't just crash from 30k to 3k but it also rose from 1k to 20k within the same timeframe (i.e. about a year) |
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I will only buy crypto with the top 10 ranking in coinmarketcap, if I trade on the cryptocurrency market, I think maybe it could be a good quality crypto indicator when there is a bear market and ready to get green candles
That's safe, top 10 crypto in the market are all good coins, they are here because they are profitable. With the current market value now, price is still profitable when compared to the starting price, so it's safe as it might bounce back soon Ironically, the top 10 altcoins are good for both buying and selling That is, they typically show good daily volatility which can be used to profit off it by riding rebounds and corrections. Most shitcoins have already crashed to their bottom (but this bottom is final for them until they are left for dead), so there is not much you can squeeze from them. Apart from that, you can't short sell them as the trading volume in these coins is small and exchanges like Fitfinex don't allow to margin trade them anyway |
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Hope that has taught you a good lesson
The only way you can earn decent money from this faucet is via building a wide network of referrals, maybe, on the order of dozen thousands of people. But this requires a lot effort (like a lot of effort really), and it's not like every Joe and Jill can do. And even if you somehow manage to build that network at first, it will require you twice as much effort to support it, which is even less people can do. Most referrals will play a couple of times and then go away for good
It sure did a number on me mate, but I can't build up a dozen of referrals, it should work only if am on a VPN to generate a mass nunber of IP addresses. Still I'll stick with this MARTINGALE thing I'll just control myself on betting  You just burnt your fingers with the Martingale strategy and the greed gets the better of you again I can easily show people how they can see the house edge at work And seeing that it will be easier to understand why you are set to lose in the end no matter what betting strategy you employ. Just run Auto-bet at 1 satoshi without increasing the bet amount and set it to run for 1000 times. You will see that your losses will amount to the tune of 50 satoshi (maybe somewhat less, maybe somewhat more). This is the house edge at work which you can see with your own eyes (in this case it is equal to 5%) |
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It's not just trading, it's about circulating the coins within the ecosystem. That can be achieved through trading as well as through merchant adoption. HODLers are simply hoarding the coins into their coffers which are not helping anyone. If we want to see growth of crypto, we should be spending instead of hoarding it. The more it circulates within the ecosystem, the more prominent it becomes to create a value for it.
So the correct word is not just "Trading", instead it should be "circulating!" I don't think you can equal trading to circulating for the purposes mentioned The correct reference frame would be real value versus speculative value. In this manner, trading doesn't add so much to real value (though it still looks better than dumb holding at first glance) as it adds to speculative value. So while I agree that "circulating" is the right term but I can't possibly agree with your inclusion of trading in it. Even from a purely technical point of view, trading doesn't involve much circulation as 99% of it takes place without traded coins leaving an exchange |
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Trust me, I’m an economist.
Ehhh....I don't believe you on that one unless you prove it. Some holders look stupid now, depending when they bought in. The ones from 2010 will look pretty damn smart; those who bought in at $20k will look like suckers. And if bitcoin were to spike to $10,000 tomorrow, that would change the perspective quite a bit Can't disagree more with this, and while we are at it, agree more with OP Provided it was written by him of course. Holders since 2010 are just as stupid as who are the ones since December 2017. The difference between them is that the former were lucky while the latter not so much. And no, that wouldn't change the perspective even a little bit if the price went to 100k tomorrow. How come? Because traders have already multiplied their startup capital x1000, and I mean relative to the lucky holders, not unlucky ones or their initial investment in the market |
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Investors are immune too much for this dramas which no surprise the market didn't dip that much what happen is opposite. We are pro decentralization but why are we so much affected by a centralized authority specially the US SEC decisions? On which there is no guarantee that upon approval the price will skyrocket again, I can feel the organic growth but due to manipulators its hard to achieve rewards during this season The answer to this question should be pretty obvious People are no so much pro-decentralization as they are pro-profit deep inside. In other words, they would easily exchange a little bit of decentralization for a little bit of profits. That's the reason why we care so much about SEC decisions as their attitude directly affects our profit potential, either way. Then again, you yourself talk about prices and rewards, not adoption and use, which is telling Gone are the days of pure bitcoin maximalist and underground anarchist saying f*** government and banking system. Now crypto has been overrun by businessman, wealthy elitist and wanted to make money out of thin air in this market. Bitcoin now is touted as the best investment platform, but totally forgot the original vision of Satoshi which is a P2P system without any 3rd party in the middle. That's why their attitude is really pushing for the approval of ETF's so that they will take advantage of the market once lots of noobs FOMO again That's my point exactly However, people who claim that they stick to their guns, i.e. to Satoshi's true vision, turn out to be even greater elitists and profit-oriented blokes wanting "to make money out of thin air in this market" than what you would expect from an average businessman, huh. In fact, it can be said that "pure bitcoin maximalists and underground anarchists" turned out to be not much better than the rest of the pack or maybe even worse if we consider their impact on Bitcoin's development these days |
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as they say, kings come and go, and new ones occupy the throne))  But it looks like no one were born yet to occupy the throne by defeating the market cap value of bitcoin.No wonders if it is not going to happen forever as well. It wouldn't mean a thing Even if some coin defeats the market cap of Bitcoin, it won't mean that it has more real presence than the king of cryptocurrencies. Market cap is a very misleading metric as it includes all mined coins while only a minor part of them can really be in circulation. In this manner, there can be a price outlier (like someone buying a dozen doges at a price of 1 dollar per coin) which will temporarily produce a market cap value exceeding that of Bitcoin |
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Now a good way to promote, you cannot expect people to deposit that big to get their bonus.
New site should start with small minimum also, it's a way to make a lot of tester in the gambling community, with big minimum, you will never
gain popularity as the doubt of the people is still here. There are a lot of new site that turns to be scam, so people are now cautious everytime.
Hah, I never promote the site, don't misinterpret my post I assume their airdrop is like as "sent 1 eth then you will get back 2ETH (scam)" that's why I am quoted LoyceMobile post  Maybe, he didn't mean you but rather the shop owner Or confused you with him and was quick on the trigger. Anyway, as OP is nowhere to be seen, we will likely see a brand new account soon with a revised site and a new promotion, probably not as betraying as the one presented here. I'm curious if the shop runner was actually able to deceive anyone into depositing coins That would only explain that he is guilty of what he does I don't really think he is guilty or anything like that. Rather, he should feel frustrated and disappointed with his failure of making anyone believe in his scheme |
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This is a major misconception, because merchants don't have to hold Bitcoins to accept them.Why? Because services exists this times that handle the payment/exchange process from Bitcoin to the fiat currency of the merchant's preference and availability inside the service itself right away. Extremely easy. Example: https://bitpay.com/retailIs this what I think it is? You can accept payment and then quickly convert it into fiat right away with the current market price? No, it is not what you think it is The poster you replied to seems to mean that merchants don't even see any cryptocurrency per se as they are using payment processors like BitPay or CoinGate, which deal with all the required conversions and volatility issues. Basically, you, as an online shop owner, just install a plugin on your site which is provided by the payment processor, and your clients will be able to pay with crypto. Then at the end of the week you receive a fiat transfer into your bank account which totals payments made during that week by the clients of your shop |
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It is not just for people to find a way to make money, it is purely marketing for cheap in casinos eyes. I mean think about it, if you were a poor casino that didn't had money enough to cover expenses of a big huge marketing campaign that would eventually get you some players, what else would you do ?
Affiliate with high margins. If you promise people a lot of money if they bring in others to lose money on your website. This way you are not spending a single cent beforehand and you are offering a potential amount when the affiliates gambler comes in an loses money. You get a return from something you do not have to pay a single satoshi on. That is why affiliates are great for the casino, its the cheap way to make money, it requires no capital at all.
That reminds me of MLM (multilevel marketing, for those of you who are unfamiliar with the term) Though I don't agree that it is only "poor casinos" which employ this tactic. As we can see from the list presented, all major casinos offer some variety of this program. In other words, it looks like this cheap marketing works for a casino of any level and just works. Also, I can't agree that casinos don't have to pay a single satoshi on this effort Obviously, they pay from their profits as profits come in the form of gamblers losing their bets. There is simply no other source of revenue to be shared among affiliates, let alone free money. Whether it is worth the deal is another question, but it seems like it is. Otherwise they wouldn't rebate dough, right? |
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I think it may take more time for next bull run. I think the bigger the exposure in news more dumb* people there is. So the whole cycle takes longer to repeat itself. Maybe next halvening will be turning point.
I still think this is pretty accurate prediction The turning point may set in earlier If the past is any indicator of the future (let's assume that for a moment), the price should start rising around 6-8 months before the halving. It is how it happened with the previous halving, which occurred in the first decade of July 2016. The prices started to rise since September 2015 from $200 and reached $600 by June 2016. So if the next halving is to occur in May 2020, prices should start to rise in the summer of this year |
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How would he cash out the bitcoin tough ?
Like if he had 1.2 billion dollar worth of bitcoin instead of 1.2 billion dollar gold, how would he cash out the 1.2 billion dollar worth of bitcoin ?
Not only it would be impossible to do so in his own country because I am not even sure that much money exists in Venezuela as a whole but also would have hard time selling that much bitcoin over the counter so he would had to open an account somewhere and sell his coins which would drop the price and also the value of his coins and maybe get 1 billion probably a lot less for them.
Bitcoin is something that is amazing for storing and also great for small amounts and awesome for transactions and all that however when it comes down to cashing out bitcoin is not the best way You are looking at it from a wrong angle Why do you not ask yourself why he would have to cash out in the first place? He could just declare Bitcoin as a legal tender in Venezuela instead of Bolivar (i.e. official currency), and that would solve most if not all woes with hyperinflation in this country. If Bitcoin is too expensive for that purpose and not very efficient as a means of payment (which seems to be the case), he could also make Litecoin an official medium of exchange in addition to Bitcoin being legal tender. This couple would work just wonders together in curbing insane inflation rates in Venezuela |
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Back before we were still optimists but in 2019, not only the market is not the same but, people feel discouraged. Influential investors could help yes but they really need to be big and we need more than one. The problem is these big investors aren't actually interested in investing in cryptos. The market showed too much volatility for a short period of time (and not for a positive point) and there is no signal showing THE good opportunity, so why would they? Volatility is not a bad thing on its own In fact, if gold was as volatile as cryptocurrencies (or even half as much), we would see a dramatic influx of traders into the gold market. And here lies the real explanation of disappointment, i.e. it is not volatility per se that pushes away investors and big-time speculators. Gold is not volatile because everyone knows that it is worth on its own, no matter what. And this real value makes it so stable. Consequently, it is not volatility that repels investors like sun repels darkness. It is lack of real value which makes cryptocurrencies extremely risky |
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Hope that has taught you a good lesson
The only way you can earn decent money from this faucet is via building a wide network of referrals, maybe, on the order of dozen thousands of people. But this requires a lot effort (like a lot of effort really), and it's not like every Joe and Jill can do. And even if you somehow manage to build that network at first, it will require you twice as much effort to support it, which is even less people can do. Most referrals will play a couple of times and then go away for good
It sure did a number on me mate, but I can't build up a dozen of referrals, it should work only if am on a VPN to generate a mass nunber of IP addresses It is not about a few dozens of referrals It is about a few dozen thousands (thousands, mate) referrals. I have a little over 120 referrals, while only 3-4 of them are active now, and I pay them back everything I receive as a referral commission from them. Using a VPN to create a network of accounts that belong to you would likely lead you to being banned on the faucet with all funds lost. You may want to read the last couple of pages in this thread to see the examples of bad behavior and how it gets punished |
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