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4581  Alternate cryptocurrencies / Altcoin Discussion / Re: The future of cryptocurrency during this pandemic on: March 29, 2020, 02:14:10 PM
I guess it is still in the middle, nothing major will probably change. We dropped like all others dropped, we increased like gold did, so right now we are still not horrible because we didn't dropped like hell and stayed there, but we are not awesome neither because we didn't increased while others were falling.

So, basically we are nothing right now, just what we were before all of this started and we will continue to be what we are in the future as well.

There could have been other stuff like if we fell we would have been worse, if we went up we would have been better, since we did neither, those options are futile right now and will not work. Hopefully we will get out better from this and that might actually really help us but we gotta wait for that one.
4582  Alternate cryptocurrencies / Altcoin Discussion / Re: Do not be fooled on: March 29, 2020, 08:16:04 AM
There is a difference between people who sell their stocks because they are afraid that it will go down a lot more, and people who sell it because they need the money. Same goes with crypto. If you sell because you think the price will continue to go down and you want to get out before it reaches the bottom and buy at the bottom, that is a wrong thing to sell bitcoin for and I would suggest otherwise.

However, if you sell because you want to be in cash for when you will need to buy stuff and so forth, that is actually quite a good reason to sell bitcoin and frankly the correct use of buying bitcoin as well because you should buy bitcoins on good days just in case for bad days like this so you could get a decent return and safe keep your assets and use them later on bad days like this.
4583  Economy / Trading Discussion / Re: Historical Bitcoin price on: March 28, 2020, 04:57:34 PM
This is your first "post" here and not mail. You can find the yearly ones almost everywhere, you can literally google "bitcoin historical prices" and find results, it is not a hidden stat, it is not a secret data, it is wide open public thing that you can reach.

However, make sure that your strategy would work with some sort of simulation first, try to make like a "play money" investment first depending on your strategy and see if it works in real life, do not actually invest, just act as if you invested and wait around, if it looks like it worked that is great, if it looks like it didn't worked then you should maybe try another strategy. What you should know about bitcoin that no one strategy can always be true, some of them are just never working out for anyone.
4584  Economy / Trading Discussion / Re: Bitcoin is not as risky as many think. on: March 28, 2020, 04:21:00 PM
You can't say it is not risky neither though. Definitely maybe people are overreacting on the risk factor and we can say that bitcoin is not "as risky as you think" but it is still risky, that is the vast difference between "not risky" that people are usually talking about. If "not risky at all, guaranteed income" is 10 and "so risky you might as well throw a dice for it" is 1, we can still say that bitcoin is under 5, it may not be 1, but it certainly is under 5, so still on the risky side.

However, anything that worths doing, worths doing it right and bitcoin might be volatile and risky but if we can get through this horrible stage of both being marginally mainstream but still less liquidity than any other market, we will reach to a point where we will be more stable.
4585  Economy / Trading Discussion / Re: Do you think this is a good strategy ? on: March 28, 2020, 12:24:17 PM
If you put it at the same level as soon as you buy it, you may literally sell as soon as you buy it, which will cause you to never really wait. You should decide to put on something like 10%, losing 10% on bitcoin has never been a big thing, that happens all the time, and you can get in when it bottoms out after that and sell when it goes up.

For example, if you did 10% during the last drop, the price was around 7.5k last I remember, so at 10% loss that is around 6750 to sell, well it moved all the way under 5k but mainly stood around 5.5k levels for a while, if you bought at around 6k and kept it right now, you would basically recover everything and would be back on track with a profit. I know nobody wants to make a loss but when you do it this way you look fine.
4586  Economy / Trading Discussion / Re: Do you think this is a good strategy ? on: March 28, 2020, 10:36:36 AM
That’s quite good you have nothing to lose at all, though you might be missing out on some opportunities if you keep doing that. Since stop-loss will end your trade when it hits the rate you have set, the price might quickly go up and you might feel the urge to buy when it’s already late, unless you will use the same strategy again.

This strategy cannot be used if you’re the type that starts up your trade and leave the computer, it will only be good if you’re going to be there and monitor the trade so you can set it back once it stops.
4587  Economy / Speculation / Re: COVID-19 - The major reason for the current fall of Bitcoin on: March 28, 2020, 07:32:40 AM
Looks like it is not going to impact bitcoin as much as it impacts other stuff, look at the prices right now and you can see that everything is green once again, it may go down once again, maybe we won't break 7k all that easily, however we are almost at the level where we started the year, look at stocks and other stuff from year to date and you will see that there are not that many ones that recovered the way bitcoin recovered so it is actually a great thing to wait it out in bitcoin instead of other stuff.

However do not forget that right now many people are still in cash, they think there could be some emergency purchases which is why many people sold their coins and their stocks so forth, they did it for "just in case" reasons and not a valid reason.
4588  Economy / Speculation / Re: Bitcoin was never meant to be a hedge against a Global Pandemic on: March 28, 2020, 06:53:02 AM
Bitcoin was meant top hedge against bad days, pandemic is one of them. However, this is a lot different than anything else. Normally when there is a bubble burst like 2008 we can count on bitcoin because that is something specific to a problem financial world has, for example 2008 was real estate and mortgage crisis, why would bitcoin be affected by a mortgage crisis? It has nothing to do with mortgage anyway.

Certainly, we got created after that so we don't know how we would reacted, but 2008 and today are vastly different. Right now, there is something global and not local to USA, even 2008 affected places like Greece or Italy and Spain but this is GLOBAL, so I can sort of understand why bitcoin was affected. People realized their mistake though and we are high again so we can still call it a hedge if we want.
4589  Economy / Economics / Re: U.S. Recession short term on: March 27, 2020, 01:57:33 PM
Will be? It is literally in recession right now, USA will not recover from this all that easily because they are using the tax payers money to baloon up the stock prices that eventually goes down whenever something bad happens and they are left with nothing.

All that trillions of dollars tax cuts to companies in return of "bettering the economy" all went up in smokes, the idea was simply give the huge companies a tax break so that they would use that to get bigger and bigger and get more profits and hire more people because they would be getting bigger. Well, what happened? Those companies used those tax cuts to pay the CEO a lot of money and they used it to give shareholders a bigger return and whenever something bad like this happened it went back to zero and had to start all over again.

I am not saying government has no fault neither, companies are known to make these shady stuff, government should have used it for something else instead.
4590  Economy / Economics / Re: Virus Bear Market? on: March 27, 2020, 12:18:46 PM
I really wonder if this complete shut downs in nations could actually work out for the better for some reason. I know that it makes no sense, economy has to keep moving forward at all times in order to improve, however people are left with money in their hands and nothing to spend on but crucial stuff in their homes without spending much, which means sure the companies will get worse and worse but the people wouldn't be spending excess useless amounts so they might actually end up saving money?

Most people started to work from home, so the business world is not going to stop completely, they will keep on paying staff, so that staff who stays at home, only buys food and needed stuff, will maybe save some money while companies go down? That way we could basically close the gap?
4591  Economy / Trading Discussion / Re: Brought Bitcoin in 2017 and sold in 2018 on: March 27, 2020, 08:36:00 AM
I can understand this, I mean people do have fear in them and they have always feared that they may lose a lot more money. Maybe you and I know what bitcoin is and when to buy and when to sell, however newer people do not know that and I can understand it. When you have 50k that suddenly starts to worth 10k, you are afraid that you will lose that 10k as well, that is why it is seriously impossible to put yourself in their shoes since everyone has different emotion levels.

Some people feel a lot worse during the same thing than you and I may feel. All in all panic sellers probably has a good reason to panic and psychology is actually a lot more important in these type of decisions. I was one of those people who bought in 2017 and sold at peak but that doesn't mean I do not understand others.
4592  Economy / Trading Discussion / Re: Skilled trader or bullshitter? 📈 on: March 27, 2020, 07:57:42 AM
Well for marketing purposes, I can understand why you may want to spread your seeds everywhere you can while also not staying there for too long so you do not have to answer crucial questions. When you talk about your product every single place you can find, you are making an awareness, that way you are making people interested and they all come join your website, well at least some of them do.

When you stay for too long, some people will ask you questions that could be deal breakers, the longer you stay the bigger chance of a question like that to come. Which is why these type of products are usually marketed for a day or so in each place and then they leave. However, I am not bashing the product, it could be something that some people may want, I just disliked the marketing.
4593  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Game Over? on: March 27, 2020, 06:01:27 AM
FED printing money will never be the solution to anything ever, not today not in history and not in the future. What it does is put a bandate on an arm that is cut from the body, it is not really fixing the situation. Would it help stop bleeding for a while? Maybe, but while stopping it will get ruined as well and will require another bandate, in this case another bail out.

So, if you keep giving companies bail outs as many times as they fail, those companies will never learn anything from it and they will continue to be risky with their investments and keep on bankrupting and asking for bail outs, because they know that government will not let them go bankrupt. They also pay these people bribes as well so that they would help them get those bail outs in return when things go bad.
4594  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Fed’s QE Program and altcoins on: March 27, 2020, 05:02:02 AM
I doubt the money will straight go to altcoins, not even a small portion of it looks like going to altcoins. Quatetive easing usually is used by the banks to take care of themselves and not care about anyone else, well that is what banks do with every single money they get and not just QE only, which is why I think altcoins are screwed when it comes to QE.

However, good part is when inflation hits and everyone is poor because their money now worths nothing, altcoin prices will go up compared to it. Not directly and not all altcoins, some of them are so dead because of the latest fall that it will never recover, however the good ones will stay, bitcoin will get more valuable compared to dollar and when that happens the altcoins that stands will automatically worth more as well.
4595  Alternate cryptocurrencies / Speculation (Altcoins) / Re: If Coronavirus never happened on: March 26, 2020, 09:27:32 AM
Do you guys really think that the companies who are managing trillion dollars really cared about their bitcoin situation? I mean surely they must have some sort of "crypto analyst" type of position where someone in the company takes care of billions of dollars in crypto (with a team I suppose and not alone) and they must have been in panic when this all happened and they must have end up selling a lot too.

However, I am not sure if that is how it happened, they are huge companies and they have very smart traders working for them as well, which means maybe they were smart enough to keep some of the coins they had and not sell all of them, maybe even buy more when it went down? That way they could have dropped the average and sell for a lot bigger profit later on.
4596  Economy / Trading Discussion / Re: HOW LOW BTC CAN GO? on: March 24, 2020, 05:16:05 PM
Lol! There are people who voted for under 3k, 2 people literally voted for 2500-1500 levels, do you really think that bitcoin could go under 2500? What are you trying to achieve with this, maybe just wanted to make sure people are afraid and the price would drop so you could buy more.

I do not really like the "wishful thinking" type of voting, I can't decide on their votes, they are free to vote to whatever they want and that is understandable, however reality is what they are doing looks just funny and blurs the clear waters and that is it nothing else. If you seriously think that bitcoin could be 1500 you are an idiot, that is without a doubt true, if you just WANT it to be 1500 then you are doing it wrong way, that is not how you can achieve anything by manipulating neither.
4597  Economy / Trading Discussion / Re: Trading is better than Holding on: March 24, 2020, 01:30:23 PM
We should stop comparing them already, it has been 10 years and people are still dealing with "trading vs holding" thing, shouldn't we beyond this already? You know what is important? Using. Yes that is right, using bitcoin is much better than both of them because it spreads the coin around everywhere, if we had a world where you can live without every cashing out and paying everything with your coin, we would have bitcoin over 100k and we would basically never need to look at bitcoin price but only look at what you can buy with bitcoins you have.

In the end both the trader and holder sells, traders sell right away, holders sell a long time later, but they both sell, we need a system where we do not sell any of our coins and simply increase the adoption rate to a level where we use them.
4598  Economy / Trading Discussion / Re: Best way to buy Bitcoin (since halving is coming) on: March 24, 2020, 12:33:26 PM
People doubt the affect of bitcoin halving mainly because they are unsure about how bitcoin will get more money during an economical crisis but they do not realize that less selling equals to going up as well, it doesn't have to be more buying.

That is something people will never realize, just to give an example, let's say something happened, something HUGE happened and there is not a single person who is willing to sell bitcoin under 100k, the buy amount has dropped as well, there just 1 bitcoin sold all around the world all day, just 1 bitcoin bought all day, nothing more, but since nobody sells under 100k, that means price is 100k.

Of course, nothing major like that will happen but most people miss that point of bitcoin, halving may not cause more buys but it will cause less sales.
4599  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is the bottom in? Shill your guaranteed investment? on: March 24, 2020, 07:32:04 AM
In crypto world? Bitcoin. You do not get as guaranteed income as bitcoin, it doesn't drop as much as the other ones and it is also goes up very well as well, it is not going to make you 10x for sure, it is a coin at best gives you x3 and that is on the greats increase of the year, normally you are lucky if you can manage a 2x, now those look like great numbers but compared to some other coins that makes 10x it may look small but the difference is bitcoin also doesn't drop 80% all that easily whereas the other coins could drop like that in an instant.

So, if you want a "guaranteed" one you should go with bitcoin for sure, there is nothing as better as that one. If you really want to pick an altcoin, I would say ethereum looks like it will be good.
4600  Alternate cryptocurrencies / Speculation (Altcoins) / Re: is it the time of matic ????????? on: March 24, 2020, 06:49:11 AM
It looks like matic is literally "just another coin" and nothing different than all of the thousands of other coins, when you start investing at the earliest stage that makes a difference but when you invest now, it doesn't really change too much if you are investing at any coin. I mean literally when market goes up matic will go up, all others will go up too, when market goes down matic will go down, all others will too. What are you really expecting from matic? To have a huge change?

There is no way there will be a huge change in matic versus other coins, it won't be going up more than many others, it will just another average coin and that's it. I personally say stick with top 10, you won't be upset about it at least, that makes a lot more sense to me.
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