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501  Economy / Trading Discussion / Re: How important is the mentor? on: October 12, 2018, 05:23:05 PM
Hello guys,

I've been studying technical analysis for over than 10 months right now. I know that it takes years to learn everything, but I feel like that having someone who can monitor your trades and tell you what's wrong or what's right would be much easier to catch up with everything.

How much do you think its important/good to have someone with who you can share your thoughts about the trading/market situation or who can tell you the "secrets" which you cannot see on youtube tutorials or any other books.

Very important. But you can always want to know about that mentor if he or she really had a time with actual trading, then you can really trust him/her on his/her teachings about it because he had been through anything.
502  Economy / Economics / Re: LETS KICK OUT POVERTY USING BITCOIN on: October 12, 2018, 04:59:48 PM
Some people claim that Bitcoin will revolutionise the world of centralised systems and on the other side some people think that bitcoin is related to criminal activities. But what is it really about Bitcoin that has led all of us to pay attention to it? For decades we have been fighting for the alleviation of poverty but with the current financial system in order, it is a dream to make everyone feel inclusive especially the ones who have been ignored by the  current banking system for a long time. It's time to let the people know that they have this revolutionary technology in their hands that could end their search for “how to alleviate poverty”?
Bitcoin has the potential to do that. Poverty is mainly caused by these three phenomenons:
Hyper Inflation
Corruption
Financial Exclusion

-Hyper Inflation
Inflation occurs when fiat notes are floated in the market but are not backed up by value. Hence hyper inflation is when the prices increase to an uncontrollable level. Bitcoin are limited in number. When the amount of currency being floated in the market remains limited, there are least chances of inflation and almost none for hyperinflation.

-Corruption
Corruption occurs when a system lacks transparency and efficiency. Bitcoin uses a decentralized peer-to-peer transaction system where every transaction is recorded in the system and no transaction can be made without being verified by the mediator (miners). Blockchain consists of an ongoing chain of blocks that act as ledgers for every transaction. These blocks are there for ever. The records can never be deleted or tempered. This process ensures transparency and enhances reliability.

-Financial Exclusion
Financial institutes, specifically banks,  at present provide a lot of useful services but with high interest rates. These services then become meaningless or unattainable for the middle class people and impossible to avail for the poorer. Hence the poor are never able to attain any of the banking or financial services due to high rates of interest. Bitcoin has a solution to this as well. Bitcoin do not require you to pay any high interests or transaction fees to avail financial services. You simply join in and have a software wallet (or any other as there a number of different wallets to keep your money). You just need to pay a very little fee on transactions otherwise no charges. Hence poor people are not excluded from the system.

The best part of bitcoin is that it doesn't stop anyone from utilizing it,  like internet or a radio. It has no limitations to its implementation.


I also want to support this kind of thing in the past, but in the days past of the time I am living in this world I say what it is right that all of us isn't financially free since the world is so balance with poor and rich people in it.
503  Economy / Trading Discussion / Re: Daily trade Vs long trade on: October 11, 2018, 03:30:45 PM
I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.     

If you have nothing to do for your daily basis then you should go for day trading but if you do then go for long-term. Basic thing in mind.
504  Economy / Economics / Re: Big institutional money has yet to enter the field. on: October 11, 2018, 03:19:22 PM
Huge amounts of money have yet to come in. I'm talking about pension funds, teacher retirement funds and large index funds. They're not in the realm of cryptography right now, but they're just around the corner. There are two reasons. First, there is a lack of hosting services to help them provide/buy/store passwords. Second, it's too unstable for them. That has turned most of the big money going into crypto into technology-focused venture funds and some family offices.

I often see this kind of posts and used to it. But in my opinion there are many funds that are coming in the market everyday but only slowly.
505  Bitcoin / Bitcoin Discussion / Re: 310 Bitcoins to anyone who can solve the puzzle! on: October 11, 2018, 03:09:23 PM
This looks extremely exciting - https://bitcoinchallenge.codes/

Have you attempted to find anything on it yet?

I have seen the picture and it is really hard to figure it out. It kinda looks like a church saint in the picture. But it is worth figuring out.
506  Economy / Economics / Re: stupidity is so close to poverty on: October 10, 2018, 01:07:58 PM
stupidity is so close to poverty, do you agree with such a phrase?
if it yes, means the poor are the fools.
I want to know your opinion.  Grin Grin

Yes I think that is true. Ignorance as well is the one thing that make people poor in life and poor in mind. They all think that education is a simple waste of time.
507  Bitcoin / Bitcoin Discussion / Re: Yahoo Japan to Launch Crypto Exchange on: October 10, 2018, 12:54:37 PM
The Financial Service Agency FSA (the top financial regulatory agency) in Japn has revealed plans by Yahoo Japan to launch a crypto-currency exchange platform within Japan and extended to other parts of the world. Currently, FSA has received at least 160 applications from different companies to launch their own exchange. It will be noted that Bitbox, (launched by Line Corp) had its license approved by FSA and they are currently operational overseas.
 Yahoo, unlike facebook and Gmail seem to be less critical about crypto-currency, Yahoo Finance is already reporting several crypto projects in development, their interest in launching a crypto exchange will certainly be a welcome development and could drive crypto adoption as it shows cryptos in a better light.
What is your opinion on this? I would love to hear your thoughts.

Credit :
https://news.bitcoin.com/japanese-regulator-crypto-regulations/
https://news.bitcoin.com/yahoo-japan-confirms-entrance-into-crypto-space/

That would be great since it would really add in the favor of crypto currencies. This would be another step to innovation and would like to promote more on crypto.
508  Economy / Trading Discussion / Re: Trading by follow signals. Is it good? on: October 09, 2018, 04:39:12 PM
Hi everyone, I'm just start trading and I don't have too much experience in chart or technical analyse. So I joined some signal groups with monthly fee. Is it good, in your opnion?
I hear about Alanmaster and his VIP signal, anyone hear about him or join his VIP member. Since I want to try so it's good if I have some feedback about it.
Thanks  Grin

Following a trade signal is not that bad if you know what you are doing and if you really don't want to learn anything from trading.
509  Economy / Speculation / Re: What the price of Bitcoin will be reached in 2019? on: October 09, 2018, 03:59:41 PM
Today Bitcoin is about 6550 dollar and I think it will be 10 thousand dollar next year.

Some said that the price of Bitcoin may head above $20k levels, and that has a lot of possibilities that I couldn't wait to see.
510  Bitcoin / Bitcoin Discussion / Re: goodbye fiat and USD. on: October 09, 2018, 03:40:47 PM
I read the local news, and there is several articles that made me interesting, a few weeks ago, the mobile version of the Bitcoin wallet bitcoin platform decided to eliminate the conversion of bitcoin currencies with USD. then replaced with Satoshi.

the decision was taken to eliminate dependence on fiat currency. because bitcoin capability if converted to fiat, will interfere.

developer samourai wallet says "farewall fiat" or "goodbye fiat".

I think that is far from happening now because a lot of people still do use FIAT and a lot of people don't know about crypto so we should have to wait for a while.
511  Economy / Trading Discussion / Re: - 200 % from January on: October 08, 2018, 02:13:06 PM
Hello , in january i did a bad buy and now i am - 200 % i bought ICON at price of 0.00042 BTC after it drop drop , i bought more at 0.00026 i was think this is the bottom but not ... i bought more at 0.00017 this to me was very low price ... now i try to buy more more at this bottom price right now 0.00010 ... i hope Icon will go back to 0.0003  to recover all back . i also made different investment not only icon . so i hope i will be able to return the lost Money , now i am waiting , hope to see the price rise again . i learn many things from this .

If you see your coin that is not in a good trend then  you should try and cut off your losses as soon as possible because you may end up losing all.
512  Economy / Economics / Re: Is it true that a whale moved 8k BTC? on: October 08, 2018, 02:00:30 PM
Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I can't be done, but I know that whale made a way to make the price of Bitcoin to 8k. It has to do with manipulation in order for them to make people buy and buy so for that the price went that way.
513  Bitcoin / Bitcoin Discussion / Re: Meet the Wealthiest People in Crypto on: October 08, 2018, 01:35:12 PM
Forbes recently released a list of the world’s richest individuals in terms of cryptocurrency. There are currently 19 people in the world who own an equivalent of more than $350 million in crypto assets. The top owners of cryptocurrency in the world amassed their wealth in a variety of ways, but most are founders of large cryptocurrency projects and cryptocurrency exchange platforms. Others are either individual investors or part of investment groups and some have established very profitable cryptocurrency mining operations. The one thing that the richest in crypto have in common is that they are all the types to “HODL” (hold on for dear life), meaning that they hold on to their cryptocurrency through any downturns in the market and aren’t quick to make crypto-to-crypto or crypto-to-fiat trades.

Credit:

https://t.me/howmuch_net
https://t.me/whatsoncrypto



The only persons I know that are wealthy in crypto are those winklevoss twins. They are so smart that they think ahead of time so for that I idolize them.
514  Bitcoin / Bitcoin Discussion / Re: NEW! Bitcoin Smartphone Coming Soon on: October 07, 2018, 06:29:45 AM
The start-up Sirin and the electronics giant Foxconn are planning a smartphone with a built-in digital wallet. This should be much easier - but the mobile phone will not be cheap.


Virtual money like Bitcoin and the smartphone - this is not a real love, on the contrary. Recently, there have been increasing warnings that cybercriminals are not only attacking PCs to illegally dig cryptocurrencies, but also mobile phones. Now a start-up and a large contract manufacturer want to make it clear to the consumer that the combination of Bitcoin and smartphone can also have their good and safe sides.


The Swiss-Israel company Sirin Labs and the Taiwanese electronics giant Foxconn, which among other things manufactures iPhones for Apple, are planning the first smartphone with blockchain technology. So with the technology that forms the basis of all virtual currencies. Thus, the crypto will finally mass market suitable, says Sirin founder and co-CEO Moshe Hogeg. The device, jointly developed by Sirin and Foxconn called Finney is said to facilitate transactions with digital money and provide protection against hacker attacks.

Use physical switches to access the wallet
The two companies are counting on the fact that there are currently millions of Bitcoin owners, but only a few use Bitcoin for day-to-day business. The complicated technology makes this unattractive. To prevent theft, Bitcoin payers must keep their assets on special memory sticks until needed. Then remember to remember complicated usernames and passwords that can be many characters long. An uncomfortable thing that gets in the way of a really big spread. "No chance my mother will find out how to use Bitcoin. And my mother is smart, "says Sirin boss Hogeg.

MORE ON THE SUBJECT
With a smartphone that basically everyone can carry in their pocket, everything should be much easier. With the Blockchain mobile phone, for example, users should be able to shop on crypto-friendly websites. This promises a high level of security. Finney devices - under this brand, smartphones and PCs are planned - are the first to rely on the applicable as uncrackable Blockchain Technik. They run under the widespread mobile operating system Android, in conjunction with special cybersecurity technologies. With the help of its own physical switch, the owners should be able to cut off online access to the built-in digital purse ("wallet") and thus hinder hacker attacks. This so-called "cold wallet" is considered safer than a "hot wallet" that can be accessed anytime via the internet.

Competitors are also involved
Sirin has already raised hundreds of millions of dollars in project development from investors:  158 million USD in December, and another 70 million USD recently. The Bitcoin smartphone is expected to hit the market in October 2018. First, it wants to market it through its own stores, later on via telecommunications companies. The device is not cheap. Initially,  999 USD are targeted; Later, license agreements with other cell phone producers should push this price down to 200 USD. Among other things, Sirin is in talks with Huawei.

Meanwhile, others have discovered the charm of a blockchain phone - competitors like Zippie and Bitvault. Nevertheless, analysts rate the prospects of success quite ambiguous. On the one hand, the use of Bitcoin is still very limited, on the other hand, there is a danger of constantly carrying its virtual money with it. Criminals could kidnap Finney owners and forcibly gain access to the virtual wallets, so the fear.

Author: Marko Vidrih




Then this should be great for all of those people who uses cryptocurencies, but I doubt that this would be successful since less people will be buying this unless there will be some sponsors.
515  Alternate cryptocurrencies / Altcoin Discussion / Re: IMPATIENT ON YOUR INVESTMENT? on: October 07, 2018, 06:22:10 AM
Do you ever feel annoyed about your investment, especially when you participated in a ICO PROJECT and when the tokensale concludes and you got your tokens, and when the exchange comes you sell all your tokens and later you are crying about a big jump on the price?

Well, that's me, I have made a bad call every time I get hyped on a current price of the coin. Lesson? Better be patient on your investment and wait for a perfect time to make a certain call that you can never blame yourself.

Please share your opinions if you also suffer the same experience with me. Wink
THANK YOU!

Sometimes being patient isn't a good choice since some of those coins may dump and you might end up crying in the end. It is quite better to have a profit from your ICO that to have not at all.
516  Economy / Trading Discussion / Re: Paying for education on: October 07, 2018, 05:59:51 AM
It's largely considered to be almost a necessity to pay for some kind of education if you are planning on becoming a stock trader. 
How many people have paid for some kind of trading education, either focusing in stock trading or in crypto trading.
Do you think it's helped you?
What was your experience through trading education either paid or unpaid?


Yes, you should try even sometimes to pay for your education but sometimes it isn't recommend because you can truly find and learn yourself in inside the net without paying any single cent for it.
517  Economy / Economics / Re: Binance success on: October 07, 2018, 05:31:16 AM
I am using binance as a result of delays on Coinbase and other exchanges in getting verified. Is this the reason Binance is so successful?
What is actually the main reason?
It seems that Binance was founded in 2017 and by 2018 it became the most successful exchange. Coinbase was founded in 2012 and Kraken in 2011 yet they failed to achieve what Binance has achieved.
From a business point of view, what is the reason Binance achieved so much?

They have a secure exchange, low (comparably) fees, a well working and efficient exchange and little difficulties with load issues. A lot of people transitioned towards the end of 2017 when the bigger exchanges of that time such as bittrex were having lots of difficulties handling the increased load so there was a lot of down time and bugs etc.

I do agree with this and Binance doesn't have anything to do with like verifying your identity while when I was in Bittrex I got a lot of trouble by just verifying my ID just to withdraw my funds.
518  Bitcoin / Bitcoin Discussion / Re: Difference between Digital currency and cryptocurrencies on: October 07, 2018, 05:08:56 AM
I was introducing cryptocurency to one of my friend and after so many explanation, he asked me the difference between the two currencies, so below was my answer to him

These forms of currencies are inherently similar. However, their similarity devolves into distinct features when they are examined more critically. Here are some of the major differences between digital currency and cryptocurrency.

1. Decentralization vs. centralization:

Banking system, a majority of digital currencies are regulated by regulatory bodies like the Federal Reserve or other designated government parastatals. This means that transactions are constantly monitored, and their value determined by these regulatory bodies.

On the other hand, cryptocurrencies are fully decentralized. This means that no institution is set aside to regulate them. The rules are set by its community. As a result, the viability of a cryptocurrency is highly dependent on the strength its community can garner.

2. Privacy:

Privacy in this sense refers to the ability to conceal the information of the account owner.

With digital currencies, this is practically impossible. To open a digital account, you need to upload your photo and fill in your personal details, to make use of services like PayPal, you have to fill in your information like name and address. Hence, you can easily be tracked.

On the other hand, you don’t necessarily need to disclose any of your personal information when opening a wallet for cryptocurrency trading. In fact, coins like Dash are available to provide full anonymity, and this is one of the reasons why cryptocurrencies were widely used on the dark web.

3. Transparency:

The framework of digital currencies only allows approved entities to get access to the transaction information. Information regarding transactions of which you’re not directly connected is withheld from you.

On the other hand, cryptocurrency transactions are made available to the public domain. Even though the people behind the transactions are unknown, this way, you can personally monitor how much money is in the system.

4. Legal framework:

Most digital currencies are backed by a recognized central authority. Having legal support from government and financial institution establishes their general usage and acceptance.

On the other hand, cryptocurrencies aren’t backed by any form of a recognized body. As a consequence, they’re not yet fully recognized as a legal tender worldwide.

5. Dominance:

Due to their recognized backing, digital currencies are accepted all over the world. Carrying out transactions with digital currency isn’t restricted by geographic borders, race or even belief systems.

Cryptocurrencies, on the other hand, are loners. They are only accepted by a small group of institutions and compared to other centralized digital coins, their popularity doesn’t measure. Although analysts pose that this will soon change and government regulations will be more favorable towards cryptocurrency.

6. Transaction interference:

Since transactions are monitored by central authorities when using digital currency, they can easily flag transactions suspected to be suspicious or even freeze an account temporarily on the request of the owner. This makes transaction reversible.

On the other hand, once a transaction is completed with cryptocurrency, it is automatically added to the Blockchain and is forever irreversible.

7. Value fluctuation:

For digital currencies, its value is determined and regulated by financial institutions. This makes the currency relatively stable.

Cryptocurrencies, on the other hand, are unregulated. This makes them highly volatile and susceptible to slight behavioral changes in its community.


Hope this will help many newbie here. Cause i myself still learning.



I didn't know that they can be different, but I know that somehow that they are the same and would try to change our financial systems in the future.
519  Economy / Trading Discussion / Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ? on: October 05, 2018, 10:11:41 AM
Good day, mates.

My strategy is to buy coins when the price drops sharply.

Sometimes I fail, because the price drops more than I expected.

But, to prevent this worse situation, I put 30% of my budget at the time of initial investment.
If the price getting down again, I put 30% more.

With this strategy, I am getting some money so far.

In conclusion, I recommend you guys to buy coins when they drops rapidly.
After sharp drop, there should be sharp rising.  Cool

Nope, I don't usually buy something like that because it might go down further more and a chance that doesn't going to go back up again.
520  Bitcoin / Bitcoin Discussion / Re: Bitcoin trading volume hits record high in hyperinflationist Venezuela on: October 05, 2018, 09:54:52 AM
Last week Venezuelans traded bitcoins worth nearly 300 million Bolivars (Bs) and the record could be broken again as thus far this week bitcoin worth more than 292 million Bs has already been traded. This is in continuation of a trend on the BTC/VES pair that began earlier in 2018.
Apart from an increase in demand for bitcoins as a hedge against the high inflationary conditions in Venezuela, part of the reason for the record trading volumes in the BTC/VES pair has to do with the devaluation of the currency in August.


With the rapid decline in the Bolivar's worth, where are Venezuelans obtaining the funds to buy Bitcoin and will the influx of Bitcoin cause even the Petro cryptocurrency to be worthless?

Well, that is a good news for them since they would likely be fully engage in cryptocurrencies but I just wonder where do they get all of that money for that kind of volume.
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