Why? How? What's the obvious symptoms of bubble that you're seeing? Or more importantly, why do you think Ethereum isn't worthy of it's current value?
over 40x increase in a handful of months. icos that no one understands selling out in seconds. r/ethtrader filled with thousands of posts a day about buying lambos. does any of that smell like business as usual? It smells like it is time to get out and lock the profits. News has it that deposits and withdrawals of some ICO tokens were disabled by the exchanges because Ethereum's backlog is getting too large. not the ICos but the ethereum itself. they have disabled all the deposits and withdrawals of ETH because ethereum blockchain apparently has so many problems right now and transaction delays are getting very long. and you will never hear the failures of ethereum on the main board, you just keep hearing the words flippening and big market cap! and all the while price of ether is dropping hard! |
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I think that there are a lot of uncertainty out there at the moment. You will not see a lot of money flowing into Bitcoin now, until after the 1st of Aug 2017. I hope this whole coin fork event will go off without any major glitches and then we will see a massive influx of new investments, once people recognize that this event is just another step towards Bitcoin's greatness.  it is all about the timing in my opinion. bitcoin has its rally this past 2 months and stabilized above $2.5k and the fork drama is just like icing on the cake and even without it i am sure we would have had a similar down time when price stops doing anything. |
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-snip-
To be honest, if you are just looking for something more than 5% per year then you shouldn't be in crypto... crypto is very risky. You can get a much more reliable return over 5% with big dividend stocks or real estate investment trusts (REITs). Mutual funds/index funds are a good option too. With crypto, you might double your money or cut it in half.
Also crypto is very high right now and slated to start moving downward. All coins are likely to decline soon as Bitcoin and the other leaders are extremely overvalued.
OP is saying he is young, probably underage too. and he said he has $100 to invest. i don't think you can even invest such a low amount into stocks or real estate investment trusts, ... most of them will laugh at you if you bring up $100 as investment  |
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just invest as much as you can afford to lose, bitcoin still has a lot of potential irregardless of all the drama that you can see in the community. and that means a higher price in the future.
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....invested all your money into this. ..
only idiots and gamblers do such a thing. and both idiots and gamblers deserve to lose their money (that is how the rest of us make money, from their idiocy) until they realize their mistakes. some of them realize this too late, and for some there is still hope! |
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i will never trust such groups that cost so high to join. specially when they have such closed circles and no history of performance.
this acts as a red flag for me because these groups are usually pump groups and the person running it has zero trading knowledge, he just buys random small coins then tells the followers to buy that coin and when the price goes up he easily claims he "speculated based on his experience" that price will go up.
suffice it to say in this process only the owner makes money and the rest are the ones supplying that money.
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it is not a hard thing to implement in a bot. the bot that you said you are using may even have it already. post its name here so we can help or ask the owners of that bot how you can do it.
it is either a simple keeping of a log from all your trades. or a simple API call to the exchange API and asking for your trade history. and then you can export it in different formats such as .csv and open in excell.
@vitaliy_www
you either gave a wrong link or the link you posted contained a malware instead of a bot and was removed!
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Arbitrage or buying alts on different markets and then selling them to another exchanges with a better price. It’s not essential for the price to change, you are essentially profiting only from the differences in price by different providers. This is one strategy i use when short trading. But this is very rare in the market and when you see one check first the wallet if is ok to transfer.
i have tried this, the headache is not worth the profit. the biggest and most obvious risk is the price going down because someone else did what you were planning to do or someone on that platform sold and caused the price to drop. but the worst part is waiting for some of these altcoins to confirm. many of them have broken blockchains which means disabled wallets on many exchanges or in many cases a different chain because there was a fork you didn't know about. so many seem to have a fast transaction but it takes a long time to actually reach the number of confirmation the exchange requires and that is a lot of time wasted for a tiny profit. |
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I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!
bitcoin has always been the "king" but not because of the volume nor because of the market cap, nor even the price. but it has been that because of its reliability, security, decentralization, and most important of all "the adoption". in other words the real world usage by merchants. and the more utilities it gains the bigger it gets. the flippening was and is more like the pumpening than anything else. you can see all the accounts of those who were advertising it is now offline for days ever since the dumpening began! |
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how to control this ?
it is simple, stop doing random stuff and call it trading!
people usually just buy things they think are good or worse things that some random dude told them are good, not because they analyzed them and came to the conclusion that it is a good idea to invest. so it becomes a gamble at some point. and as long as it is a gamble, you can't know which way it will go.
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But even a bitcoin lover like me can't really deny the fact that a bubble is present right now. There is no way that user interest/user base increased more than 6x correspnding with the price. There is probably capital moving in from large entities into bitcoin so that they can hide their wealth away from spying eyes, but a lot of it is still speculation no doubt.
Agreed on this part! There is something going on right now. No reason for the price to do something so... Crazy. When you look at the chart and zoom out a bit you can't help but wonder "what happened recently?" Because right now the price is just too high. I won't believe that user interest went up so much in so little time that the price is going up so fast. There must be something inside, either a small bubble or simply a really big investors cleaning the small dips as soon as they arrive. There will be no big differences between calling "prices are too big" and "bubble". Bitcoin prices are reaching this much big prices only because it has enough adopters to support these high prices. So, we cannot call it is too big nor a bubble. There are people who are constantly calling bitcoin into overbought zone from the price levels $1500+ from last few months, but unfortunately bitcoin prices are proving that they were complete wrong. In upcoming days bitcoin prices may reach $5000 range, still I believe we cannot call it is into bubble because there will be enough adopters to support by investing with bitcoins. well a $2300 (to 5K) in a couple of days is a bubble without a doubt because there is no way that many investors come in out of nowhere! adoption is a slow process not something that can happen over night. sometimes it speeds up due to certain events but it won't be a big percentage. p.s. i get your point though. people always call any rise a bubble no matter what happened that led to that rise. |
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Btw, what is happening when the general total market cap goes down but the bitcoin price goes up? If the bitcoin price goes up that must mean more people are flooding in to buy? But how can the general total marketcap go down then?
the total market cap is the sum of a couple of hundred altcoins' market cap. and among these altcoins there are so many that have fake market cap. also almost all of them are pump and dumps. so when they get dumped hard, their prices fall so (market cap = price * supply) goes down. and the bigger their supply is the bigger the drop will be when their price tanks. |
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and would subsequently lead to sell off of BTC dragging price down below the current interest of the fresh blood... That is nonsense. Why would any bitcoin hodler sell their bitcoins if ETHf goes down? So the last ICO got 150millions of fund in ETH. How does this ICO work? I fought people give ETH for some token, and the start up owner has ETH. So if you have 150 million of $ in ETH, why would you not sell it immediately? you have $$$ in your pocket and someday a donkey kicks you in the head so you decide to invest in an ICO (joking of course). your only option is to buy ETH. so you do, ETH price goes up. you pay for the ICO and become a bag holder. those receiving 150 mil $ want to get $ which route do you think they will take: 1. ETH > BTC (1st ~0.2% trading fee) > US (2nd ~0.2% trading fee) 2. ETH > USD (1 ~0.2% trading fee) so they sell it and get the free $$ in their pocket. ez pz |
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ethereum got some attention for a couple of months this is the result:
average transaction fees surpasses $1 in 2 months [4]
blockchain is congested and caused ethereum and all the others relying on it to fail. all exchanges have already disabled all these wallets.
Where are you seeing that the average transaction fees for Ethereum surpassed $1? The mining network hasn't failed, and is actually increasing exponentially right now. you see the number in brackets in front of the text, that is representing a reference which is included at the bottom of the comment with the same number. Don't know why but that amount of transactions still seems very low compared to credit card transactions... there is still a lot of space to grow...
The problem is, transaction fees are already so high that it's hard to justify using Bitcoin to purchase a cup of coffee, and Bitcoin processes 1000 times less transactions than fiat payment systems. And Ethereum or any other altcoin are in the same situation, so actually there's not much place for growth and adoption untill cryptocurrency protocols get major updates that will significantly improve their efficiency. Totally agree. Bitcoin is not currently working as intended, because it's too costly for small transactions. Who will use bitcoin to buy a coffee if they fee is the same price as the coffee? The current usefulness of Bitcoin is limited to large international transactions where traditional banking fees are higher and the transaction speeds are still slower. the "intention" of bitcoin has never been to be used to buy coffee but at the same time it has never been only to be used as store of value. and the fee issue is just related to this year, it has never been an issue and hopefully it will become better in the near future. I wouldn't take an overly simplistic fact like "Bitcoin has never failed" as proof of anything conclusive. First, "failed" is overly vague. If you mean it has never gone to zero, it's true but misleading in the sense that Bitcoin has not been without hiccups or controversies, not to mention crises. And don't forget all the exchanges that HAVE failed. Mt. Gox and Cryptsy are just two of them. There are others.
The spam attack has absolutely degraded the network. Most transactions are not affected, but many hundreds of thousands of transactions have been, and the result has been to push transaction fees through the roof. The average Bitcoin transaction fee is now over $5, where it used to be just pennies or fractions of a penny. Bitcoin is not nearly the perfect system your post seems to suggest. It's an interesting alternative to traditional banking transactions, but inferior in almost every way.
... and bitcoin has always been working as intended. and besides i am simply pointing out that apart from all the things that Franky1 and others usually point out about flipenning and marketcap dominance, such as merchants adoption, etc which ethereum lacks, it also lacks another very important factor and that is reliability |
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you seem to forget the 2013 Berkeley->leveldb event involving the issues with the locks. that caused alot of drama, including a period of time exchanges halted deposits/withdrawals to avoid issues until the drama was over.
no i did not know that. i did a quick research and it seems like what you are referring to was just a problem in a bitcoin client called bitcoin-QT currently known as bitcoin-core. it had nothing to do with bitcoin or its blockchain. what we are witnessing with ethereum and the bloat and the blockchain problems is a fundamental one. |
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Which is best for tradding? poloniex or bittrex? for niwbie in tradding which is easy to trade?
To gain profit from trade volume i will use poloniex, to diversify trade i use bittrex unless you want to dump or buy 100+ BTC at once at market price i don't see any problems with using bittrex because it has enough liquidity to cover any kind of trade size! and as for profit, prices go up and down the same way on both exchanges with little difference which is normal among all the markets in the world. |
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price went up to $500 one of yous came here and asked this question.
then a correction came and then rise continued proving there is no bubble.
then price went up to $700 another one of yous came here and asked the same question. and same thing happened.
the same thing again happened multiple times when price broke $1000 at first then the old ATH, and one of yous came here and called bitcoin "similar to 2013" and asked the same question. and a correction happened and proved there is no bubble and price went up again.
.... (story of past 2 years that i have been with bitcoin)
now here we are. after a correction and you still saying it is a bubble.
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let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).
let´s look at how many goods are bought with bitcoin compared to all other altcoins.
let´s look at how many merchants accept bitcoin compared to all other altcoins.
let´s look what crypto is used for cross border payments.
let´s look how many bitcoin-start-ups are existing compared to all other altcoins.
i bet in every single comparison, bitcoin dominance is still in the 80-90% area.
i agree but you forgot one of the most important factor: reliability. an altcoin which is congested easily and its blockchain fails is not reliable enough for any kind of usage. |
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my strategy has always been to trade bitcoin when its future is clear, like when it is easier to speculate a big rise or a big fall and then stay away (meaning to transfer all my bitcoin to cold storage) when i can't speculate it.
as for altcoins, holding them in my opinion is a dumb move. they are easily manipulated and their dumps are hard and irreversible. and there isn't really a bear market in altcoins there is only pump and dumps and there is always at least one pump going on that you can take advantage of.
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