Latest posts of: yndye

Quote from: JoshMart on May 24, 2018, 03:42:28 PM

Well based on what I know, it is based on the law of supply and demand, all markets are. As we all know the supply of Bitcoin is constant in 21 Million so technically, it is based on the demand, so the more people sell, the demands go down so it the price, and if there's more people interested and are buying Bitcoins, the demand will increase and so is the price.

That is the basic rule of trading that is base on supply and demand and it doesn't only apply to cryptocurrencies but in other markets too like stocks and even the every day products that we buy. There are three factors that affect how the price of a coin would move and it would be technical analysis, fundamental analysis and market sentiment. As for technical analysis, the more traders use TA on a trade, the price would be able to follow where the traders would like it to go since the traders most likely would have the same support and resistance level. For fundamental analysis, when there are news that would affect the price of bitcoin, it would go up or down depending on whether its good or bad news. As for market sentiment, when the general public saw what happen to the price if it goes down then they wouldn't think of buying it but if it goes up along with good news then they would FOMO.

Quote from: JamescrypTrader on May 22, 2018, 03:13:51 PM

From last few days, so many negative news regarding btc have been aired. Then lot of people speculate the price of bitcoin and just after that I have noticed some significant change in the price index of btc. Do you think that these speculation affect the price of btc a lot???

I don't know what's your point but trading is all about speculation because no one knows that will happen exactly in the future. We all just have to use the historical price chart to aid us in speculating what the future price will be along with market sentiment and fundamental news which would be the key of how the traders would react. Maybe what you mean is the negative news that would affect the bitcoin price negatively so I would just say that may it be true or not, it would have an impact on its price due to the fact that there are many newbies in the market who would panic sell when they heard or see a negative news.

Quote from: waiki on April 27, 2018, 03:25:39 PM

Bitcoin is Scam. Short-lived CEO and co-founder of PayPal - Bill Harris has written his own opinion on cryptocurrency, Bitcoin. According to him, he claims that bitcoin is a fraud. He said it was an incredible pump and dump scheme, never seen or experienced in the world.

It is just funny that they are saying bitcoin is scam when in fact they are still considering adopting it later on when it has stable value as what they claim. Take a look at this news. http://bitcoinist.com/paypal-well-definitely-support-bitcoin-becomes-better-currency/

Nevertheless, there is truth on what he said that bitcoin and cryptocurrencies in general are prone to pump and dump because it is unregulated but one cannot just easily say it is scam just because of its nature at the moment. They just want to get rid or make the people fear cryptocurrency because they know that one of the aim of bitcoin is to eliminate third party or middlemen in transactions and that is exactly the paypal's role.

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Quote from: evilsign on May 16, 2018, 03:00:13 PM

I still confused about what makes token become expensive. Except for supply-demand, what else which caused some token like erc20 become valuable? I look at about how to create ethereum token and I think almost all of them have the same quality, and security. So what's the answer? what make them so valuable?

If the token is used for real world application and the product is fully developed then it becomes valuable. There are so many tokens in the market today but many of them has no product that is fully developed yet that's why their value is not its real value yet since it is just speculation for now but if their product is used by the people that needs it then we can see the true value of the token since we can now determine if it is in demand or not. If we check each token/coin in the market, some are even abandoned already by the developers and some do not even have a product yet which may result for its investors to pull out their investment.

Quote from: EVOS on April 30, 2018, 07:33:30 AM

why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?

whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?

If the state would continue printing money then it would render the money worthless because there would be over supply of it and if many people have so much money, the prices of the good would go up because there would be shortage of supply of the goods since people would be able to afford it if they have more money and since they are willing to pay for a higher amount because they have more money then the price would go up resulting to inflation. If you observed what happen to Venezuela, they have millions worth of fiat but it become worthless because of hyperinflation. Central banks are there to control the prices and printing of money.

On the other hand, due to the fact that bitcoin has limited supply but more demand, it would result to a higher price which is why it is a lucrative choice of investment but if more people own it and it will become a legal tender then there would be no fluctuation of value anymore since there is no need to convert its value.

Quote from: tankus on May 20, 2018, 04:05:49 PM

I feel this is as a result of no centralized body governing it circulation and also the increasing demand for it.

Having no governing body in it, there are a lot of manipulation happening like pump and dump and the whales accumulating and then pump when they want it. They also control the media that's why they can spread good news whenever they want and spread FUD if they want to make the price go lower. There are a lot of newbies entering the market every day and react to news that's why one news can make the market fluctuate may it be altcoin or bitcoin. It is an asset class that is fairly new that's why it has no stable value yet.

Margin trading is way riskier than the traditional trading because you can be liquidated in just a short movement so before engaging in such kind of trading, it is advisable that you are fully aware of the risk and knowledgeable enough in trading that you don't consider yourself as a newbie in trading. Your capital may be magnified but if you are not careful then your loss will happen sooner than you imagined. At least in traditional trading you have the option to just hold your coin but in margin trading you have no choice but to close your position when the trade doesn't go your way. I would just do traditional trading even if I have small capital as I am just a beginner in trading.

Quote from: mike4001 on April 05, 2018, 07:36:45 AM

Hi,

Just wondering if you guys will stay in crypto (aka hold or sell your BTC holdings) if the price does not recover.

Lets say we are still around 6k-7k by December 2018 => Will you wait it out or give up and say "OK, we had a nice ride but we are not going up again"?

What about if in 2019 price is still hovering around 6k-7k and there is no sign of recovery to 10k+ (or even a new ATH)

Surely during those times there will be fluctuations so I should just take the opportunity to trade so I would increase my holdings even if the price is the same in fiat value. There is a possibility that in 2019 price might still be in 6k-7k and since the price is somewhat stable then there would many merchants that would consider the adoption of bitcoin as payment option so price may have been stagnant in that level but due to the increase in adoption, it would eventually rise. I would just find another coin if there is an opportunity to earn in another coin that would take the crown of bitcoin.

Quote from: Orrechorre on May 09, 2018, 01:49:17 PM

Ever since I joined bounty, I have earned enough token to sustain me and my family for a long time apart from my initial investment in bitcoin and other altcoin. As long as you join a good and stable bounty and participate actively in them, you tend to earn alot.

Lucky for you, you were able to get that much. Joining bounty campaigns depends on what rank you are for signature campaign, how many followers you have for twitter and how many friends you have for facebook. It would vary depending on those criteria. It would also be good if you would be able to follow their telegram campaign and be active there. Translation jobs and moderation pays handsomely too. Maybe for some doing a lot of campaigns is profitable for them but for some who joined a lot but only few actually pay them then it would be unfortunate. It's hard to estimate an amount as I don't sell my coins immediately and wait for it to reach ICO price or higher.

Quote from: An0nyMoose on May 18, 2018, 08:46:08 PM

Market corrections are good in my opinion. They help the market to get back on track and once you see a market correction then that means that the price is getting ready to go back up again. Market corrections whether good or bad are inevitable anyway so the best thing that we as investors can do for ourselves during market corrections is to buy more coins if we can and hold for prices to go back up again.

Market corrections from time to time is good because that would mean there is an organic growth for the coin. A rapid growth of the coin means a crash will follow afterwards so it would be good if the price would go up and down constantly which means the market is ranging as the price is stable compared to the coin having parabolic move. We know that last December, the price rise rapidly resulting to a crash and now the price is going back up. For those who wan't able to withstand with the crash/correction, they leave the market for good but for those who were able to survive, we can do it and get back on track again.