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June 21, 2024, 08:09:39 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
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481  Bitcoin / Bitcoin Discussion / Re: Whales or institutes do not stop their bitcoin buying on: December 26, 2020, 08:03:36 PM
Yeah, I think we're assisting at a full on accumulation phase. Taking into account the shallow liquidity and thin order, in other words the low supply and the high demand coming from institutions a rapid climb to $100k is not excluded.

Wondering what will happen nations will start buying for their reserves.  Cheesy
482  Bitcoin / Bitcoin Discussion / Re: the power of HOLD and believe on: December 26, 2020, 05:49:19 PM
It was never their intentions to hold bitcoin that long, the truth is they invested at the wrong time thinking that Bitcoin will grow over 20k in 2017, they have no choice but to keep holding just to get back their money someday

There is always a choice to be made. They could have sold, realise  the loss and find something else to invest their money into. Also there is no "universal" wrong time to invest in something. It all depends to the timeframe the investor is looking to lock their money in that investment.

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if they were very faithful  in  holding, they still  have  profited  by now of over $5k. anyone who is about to  lose their money  from  from $20k worth  of btc will sell when the price is diving sharply down to $3k.

its a terrible pressure when the covd19 started and you lose job. anyone who had been suffering will really be  selling the btc they hope to keep. if  the person didn't lose his job and still have good financial status while he believes btc is the future but doesn't trade, i think  he would have been holding up to this day.

I think the majority of investors who are fueling this Bitcoin bull run are institutional. They are not that sensible to market fluctuations as they have high net worth individuals as stakeholders.
483  Economy / Trading Discussion / Re: suggestions request about trading on: December 26, 2020, 05:26:33 PM
My friend, if you want to trade do it with demo funds. There are a lot of platforms out there that offer you free demo accounts so you can practice your trading skills with real live data.
If you are willing to trade with an amount that you think will be affected by the withdrawal fees, you should get a normal job until you build a decent account for trading.

I recommend to start trading only when you have been consistently profitable on a demo account for a few months. The markets will always be there. Wink
484  Bitcoin / Bitcoin Discussion / Re: New ATH, New ATH, New ATH on: December 26, 2020, 03:48:39 PM
I have learned that emotions don't have a place in trading & investing. I can't say I don't feel a little bit of excitement when BTC is breaking level after level on the way to the moon, but I'm trying to desentivize completely when it comes to percepting market movements.
485  Bitcoin / Bitcoin Discussion / Re: Major differences between Bitcoin rally 2017 and 2020 on: December 26, 2020, 02:48:06 PM
The main and most obvious difference is that institutions were much less involved in 2017. Now we see in the news very often that more and more investment funds and companies are building positions in BTC.

There are no more ICOs and the crypto environment overall is much cleaner. Less scams and things are more regulated by authorities.
486  Bitcoin / Bitcoin Discussion / Re: Bitcoin Above Visa in Market Cap on: December 26, 2020, 12:47:33 PM
Cool statistic, but meh. Comparing the marketcap of a digital asset to a business simply just doesn't make that much sense. Call me when bitcoin reaches gold's marketcap. Tongue

Well said, man. Stocks are valued differently than Gold and other assets like fiat currencies. Of course the same principle of supply and demand applies, but intrinsically their value comes from the revenue the company makes. In other words a company is so limited in comparison to an asset that can replace precious metals as the safe haven in moments of crisis AND also replace fiat as a means of payment.
487  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Qortal Genesis - Future Internet Starts here - BTC active on cross-chain portal! on: December 26, 2020, 10:27:41 AM
Grease under my earlobe created a thick pimple right underneath. What were u saying? Wallets, space, storage la-la-la, be-be-be - is this what u are saying? First u dont need to undertake any research activities, Qort chain is smart enough to research u, a human, instead. Its fine that Qort is just a wreath of stink from old mans feet, we dont dare to ask for more while Qort is in this nascent stage. Secondly, that atomic swaps are not yet enabled in Qort engine fizzled out a great many investors, thus do expect dumps.

I was asking a pertinent question. Sincerely, your post doesn't make much sense. The capabilities QORT offer to the public are exactly what we miss in the crypto space. Where else can you trade in a true decentralized manner without having to depend on any third-party server or custody (in the case of centralized exchanges)?
488  Economy / Exchanges / Re: Investment Platform on: December 25, 2020, 06:31:54 PM
Is it a good idea to buy some crypto for long time investment plan from exchanges such as binance as keep it there, any alternatives ? Because i have heard bad things about some famous exchanges such coinbase.

Nope, it is definitely not a good idea for long-term investments. As far as I know the current exchanges on the market are not insured by any financial authorities. So in case they lose access to your Bitcoin you will be left with NONE and you won't receive any compensation.

If I were you I would keep funds on exchanges only as long as I am trading with them.
489  Other / Off-topic / Re: Merry Christmas to all fellow Bitcoiners on: December 25, 2020, 05:43:41 PM
Bitcoin is starting to be considered a "safe haven" asset in some circles so crisis moments might be even more beneficial for Bitcoin price.
Indeed, it has been a year full of challenges, but we all had a chance to grow instead of shrink. These are times of opportunity when the prepared thrive. Let's cheer for more freedom in 2021!
490  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Qortal Genesis - Future Internet Starts here - BTC active on cross-chain portal! on: December 21, 2020, 10:39:29 PM
It sounds great - being able to trade directly from the wallet p2p, no middleman - like a dream come true.

I have a question though. I guess overtime there will be more and more trading pairs and implicitly wallets added to Qortal. Won't this create a space/storage issue? I mean hosting so many wallets requires many resources. I might be wrong here as I haven't researched how wallets work on Qortal so please bear with me.
491  Economy / Marketplace / Re: Looking for methods to earn at least 1$ hourly on: December 21, 2020, 10:09:52 PM
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If you keep on shying away from competition, I don't think you can achieve anything, to be honest.

Inspiring words, man. I can use them in my life too. Lately I have been pondering about starting a business. I've looked at different industries which might be of interest to me and I have noticed a pattern. Every time I said to myself smth like "Nah.. there is too much competition. I can't beat them. They are too big for me. I can't compete with them.". I realise now that by thinking this way you end up doing nothing because we live in an era where almost everybody has access to information. It is all about how we use that knowledge, being authentic and true to your values.


492  Bitcoin / Bitcoin Discussion / Re: Is Blockchain a Good Career? on: December 21, 2020, 09:40:13 PM
I don't think one should be solely focused on one area of development. A developer should expand their means all the time. Even the blockchain technology has so many applications and integration capabilities that you can't really name the career "blockchain". A senior developer should hold at least basic to medium knowledge about both backend and front-end development no matter the technologies he is leveraging.
493  Economy / Speculation / Re: How Degenerate is it buying and sitting on PayPal Bitcoin ? on: December 21, 2020, 09:08:58 PM
I don't really use PayPal that much, but if you have some bucks sitting in the account I don't see why you shouldn't buy PPBTC instead of losing the purchase power of your money. This is for the situation you are too lazy to transfer the money out of your account and buy tangible BTC from a regular exchange and transfer them to your personal custody.

I am not aware of the tax rate on short-term capital gains in the United States. Is it 30-40%?
494  Bitcoin / Bitcoin Discussion / Re: $20 000 BTC. We did it on: December 21, 2020, 08:56:11 PM
20000 is indeed an important milestone in the Bitcoin history, but I am confident that this is just the tip of the iceberg. BTC is an asset that is here to stay. A viable replacement for Gold as a proof of value and of course as a mean of payment.
495  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins and new all time highs on: December 21, 2020, 08:39:19 PM
Reaching a new all-time high does not mean an altcoin will be successful. Most altcoins out there are not better than Bitcoin. That's their weakness. Bitcoin has the best proposal between all the coins I know. That's why it has received so much interest from institutions and not the other altcoins.
496  Economy / Gambling discussion / Re: Is there any insurance service for gamblers to retain heavy losses....??? on: December 21, 2020, 08:16:33 PM
Some online casinos offer rakeback bonuses. Some offer you a certain percent of your bet stake or a percent of your lost bets so you can continue playing.

If there were an insurance service offering protection the only possible option I would think of is that you would have to respect a certain maximum stake per day or per month.

497  Economy / Economics / Re: Tether's market cap is huge! (usdt) on: December 21, 2020, 07:56:30 PM
To me Tether is just an extra unnecessary risk traders take. I wouldn't trust a company to hold my funds. I barely trust the fortune 500 companies to manage funds because they have an interest aka to make a profit. And they have to obey a lot of regulations.
498  Bitcoin / Bitcoin Discussion / Re: Nigeria is now the No.2 bitcoin market on: December 21, 2020, 06:57:09 PM
I'm quite surprised to be sincere. I knew that Nigerians are very fond of cryptocurrencies but I didn't know their purchasing power is so big. Anybody knows if the same statistic is present on localbitcoins or other p2p platforms?

Maybe people in more developed like to deal with registered businesses when purchasing assets.
499  Bitcoin / Bitcoin Discussion / Re: Received my first product purchased through bitcoin today on: December 21, 2020, 05:53:14 PM
Congrats, man. It seems it has been a great experience for  you. Now let's make a thought exercise. What if more people could experience buying something directly with crypto and not fiat - do you think they would feel this freedom or they just don't care what they use to make payments as long as they are receiving the product? I'm curious to see some opinions about this.

Personally I try to refrain from spending Bitcoin as I know their purchasing power will be much higher in the future.
500  Bitcoin / Bitcoin Discussion / Re: OMG !!!!! You BitCoin people were right. I wish I had bought back in March :( on: December 21, 2020, 04:04:10 PM
When you are buying make sure you use a reputable exchange like Kraken or Coinbase. That doesn't mean you shouldn't buy bitcoin from a friend who wants to sell it.
Regarding security you should keep your Bitcoin preferably on a paper wallet if you want to keep it long-term or on a hardware wallet. Never keep big amounts on exchanges, especially on unregulated ones which pretty much all of them are at the moment. To me USA registered exchanges are safer than Binance or other shady asian exchanges which don't have any authority supervising them.

We all think about what we could have done, but instead we should look forward and analyse our present situation. Make sure you won't regret not buying BTC now, in a year.
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