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I would suggest you not to keep any expectations from bitcoin or cryptocurrencies in general. You will disappointed at the end because crypto generally moves in the opposite direction.
Sometimes it just stays idle when you expect a move from it and suddenly one day it will create spike in the price.
So you will just have to keep your strategies clear and execute it accordingly. If it fails, try again.
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I have seen many reviews about the current new altcoins. Most of them are marked as worse coins with cheap prices, while the rest coins are indicated as scams or shit-coins. I rarely saw people stated that new altcoins are worth for investment or trading nowadays. However, new altcoins are always born from ICO, STO or IEO every month.
So, my questions are
1. Why there are still investors in the new altcoins project? For what they invest if they know new altcoins are only about risks and losses?
Because they want to get rich quick and people are greedy enough to risk their investments in order to earn more profits. There are only a few people who actually believe in a project and then make an investment. The rest just blindly invest in the hype created by the others. 2. Who are those developers that always create new altcoins projects? Don't they know that most new projects just ended with failure?
*Warning: Sorry if these questions are ever made by someone!! I never copied or got an idea from others. This is my own opinion.
You can find thousands of developers out there who are ready to develop whatever you say them to, as long as they are getting paid their cut. Anybody can hire a developer to build a product and then sell it in the market and get back the money they invested in the developer. |
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When you hear of cryptocurrency what mostly comes in the mind of people is Bitcoin and that's people that are not all to familiar with cryptocurrency.
In as much as Bitcoin controls a high level of cryptocurrency, altcoins are indispensable.
To my little knowledge on cryptocurrency there are altcoins for a lot of uses, some for medical use, some for advertising, some for gaming and so on. With people having interest in this areas to spread cryptocurrency we can take advantage of this opportunity it doesn't have to be all about Bitcoin all the time.
Though the problem with altcoins is the turn out of the coin after wards and the responsiveness of the owners. But if investors or crypto addicts can engage more in altcoins this will boost altcoins and get more organisers active and spread cryptocurrency more
What you are basically asking is ig investors and traders like us buy more altcoins then it will boost the use of altcoins and will promote cryptocurrencies in general. You do have a good point there but I have a different perspective. For me, a coin should grow naturally out of it's own potential value. If an altcoin has a good use case then people should use it naturally and hence it's value would increase with greater stability. Bitcoin is hyped up as well. Though it's price is in thousands right now but there are not many countries that legally accept bitcoin as a payment method. Once bitcoin is globally accepted, it's real potential price would show up and that's how it should be in my opinion. |
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I consider scammers to be in the lower category of hackers. Scammers consistently try to scam others by bring a new way of scamming people every time.
Scammers scam people > People get aware > People prevent from such scams > Scammers bring new method of scamming
and that's how the cycle goes on and on.
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What's the use of looking at your wallet when you know what you are trading and how much gains you are having in your trades.
Looking at your wallet won't increase your profits but will surely make you worry from time to time.
Be patient and just go with the flow and carry on with your trades as long as you are gaining profits from it.
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Arbitraging is not a regular thing bro. It is something that happens rarely or at very short intervals. So earning profits through arbitraging is not a good idea in my opinion.
Besides that, arbitraging occurs only for a short duration and if you miss the exact time duration then you probably end up losing the opportunity.
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You won't be asking this question if you didn't encounter losses due to stop loss. I believe Stop loss is not for everyone.
The ones who know how to use it wisely in the particular trend gains profits because of it while the other losses.
So if you are constantly facing losses then you must stop using the stop loss.
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There is only one weapon that can be used to treat such bitcoin volatilities and that is patience.
With patience you will be able to wait for the sudden drops to recover and hence your portfolio won't be affected because of bitcoin volatility.
And I seriously mean it when I say you must have patience it means you must tolerate the negative % until it becomes positive.
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Unless women don't speak an entirely different language only understood by other women, there is plenty of information on the internet related to bitcoin and the blockchain.
So I don't think lack of information is the reason women are not investing in bitcoin.
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Bitcoin is indeed at a very low price right now. If I had some money to spare on bitcoin I would have spared it all on it.
Gold on the other hand is almost near to it's ATH price in India right now. Buying bitcoin would be the obvious choice between the two.
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It's not something new dude. People have been using bitcoin all over the dark net since a long time now.
There is no stopping to it till date which is why bitcoin is still being used on the dark web despite new cryptocurrencies getting emerged.
So using a particular thing for a good purpose or a bad purpose completely depends from person to person.
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I don't really think this might be the reason for the current price drop in bitcoin. If people would have wanted to cash out then they would have done it when the price was high.
The price is too low right now and hence I wouldn't consider to sell any coins myself. Besides that this theory has become quite old now since I have at least heard of this from the past 2 years.
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I guess you might have lost your money investing in bitcoin. If that's the case then your anger/frustration is acceptable.
We all have been there but I must tell you that posting ill about bitcoin won't do you any good either.
If you seriously consider bitcoin as worthless then there is pretty much nothing to tell you bcoz it's all about having faith in it.
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Much of it might come from Bitmain which actually stands as a monopoly in China. The government there is allowing companies like Bitmain to proliferate their business. Unlike India where they are trying to curb crypto-related projects. Things may soon change too. Don't you guys think that having such a huge dominance is a potential risk to the bitcoin network ? Not at all. I dont know where you got this idea from, because this is a common FUD point made by nocoiners and altcoin shills to scare bitcoin users. The mining system is protected because you cannot expect all the miners to unite in order to break the chain. Those who try to break the consensus will be caught. This is something like the balance between yin-yang or good and bad. I must have made myself more clear. When I said potential risk to the bitcoin network I actually meant that the bitcoin fees might get increased whenever China wanted. If they control 66% of global hashrate then they can stop all the mining operation whenever they want which will make the network congested and thus the bitcoin transaction fees would be increased. Am I missing something here ? |
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Hello Folks,
I was listening to a Bitcoin podcast the other day and the speaker mentioned that one person had written to him asking for advice - his wife had heard about Bitcoin in the mainstream media and the price rise and was pressuring him to cash it all out immediately or she would leave him.
I don't know how that particular fellow ended up but it got me thinking - for those of us with partners who are not into Bitcoin, have you ever had pressure put on you to sell it up and are they even aware of how much BTC you are actually holding?
There is a bigger picture here as well, with some people holding hundreds or thousands of BTC and the price continuing to go up - how might the court system view Bitcoin in the context of divorce and separation?
It certainly raises an interesting point.
Thoughts?
I don't think bitcoin as a whole has anything to do with it. The court can just take it as an investment issue and should only agree the divorce if the both the parties mutually agree on it. If things go like this, then anybody can blackmail his/her partner saying to do this or that else they would file a divorce. People need to grow up, have faith on each other because that's what a husband and wife do. |
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I am not a Libra fan boy but you can read it's whitepaper where it stated that
"Libra will be fully backed by a reserve of real assets — the Libra Reserve — and supported by a competitive network of exchanges buying and selling Libra."
So, in a way, Libra coin is actually backed by multiple assets as they say.
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I agree that blockchain is not necessary in all the situations. Some scenarios are better of solved without using blockchain.
But I guess people wanted to use the hype word in order to make money and so it happened.
I have read a theory where they have explained that any technology or so has a timeframe where it is extremely hyped and is booming in the market after which it drops hard. It is after the drop, that the real rise begins and derives the actual use of the technology.
So, may be 2017 was the hype period of blockchain and after that it dropped. May be it will now show us the actual growth and use of blockchain.
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The debate between between CEX and DEX has been going on from so long. It's quite obvious that people have have different point of views on the both.
It's just a matter of priority now. Some people choose liquidity over security and privacy and so they choose CEX over DEX and vice versa.
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I think China is not banning crypto and mining the first time they are done may time in past maybe this time also going to happen the same and china is the first county to manufacturing the bitcoin and other crypto mining equipment and dominating the 70% of the mining industry.
but why is china planning to launch its own cryptocurrency if going to ban?
The question here is about the dominance of China in mining and not about the ban of crypto in China. Besides that, we don't know if China will actually launch it's own crypto and so never trust the rumors in the market until they actually become true.
We exactly don't know how much mining dominance they have and its proven that 51% attack will be more expensive than its profits so I don't think having more dominance at particular country will not affect anything until all the miners were owned by single person.
China controls more than 66% of global hashrate. It's not about the 51% attack but about how easy it would be for China to manipulate the market. |
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Nobody knows the future right. So it's complete waste of time on answering such a question. We should always be prepared for the worst.
Most people in 2017 would not have predicted the fall because of the greed in their mind.
I was one among them too and I have honestly learnt my lesson in this way. I should have been practical and sold when I had the time.
There is no point of regretting it now. All we can do is plan our strategies well now and execute them as planned.
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