Over the past months, Bitcoin has been rising in market dominance at a fast pace. Altcoins have been on a constant decline in price ever since the bear market began back in 2018. They've been the ones which suffered the most, while Bitcoin has obtained greater prominence within the crypto market. Which is why, it wonder me wonder why Bitcoin's market dominance have been rising so fast? What could be the cause of this? Will altcoins die soon, as a result of Bitcoin dominating the whole market? Or will they still survive? So far, Bitcoin has gained the attention of people within the mainstream world, especially since it's one of the most limited cryptocurrencies in supply with an outstanding development team. The Lightning Network is its most interesting feature yet, leaving many wondering if it will render altcoins obsolete. If this indeed happens, then Bitcoin would effectively centralize the whole crypto market. What are your thoughts about this?  There are several possible explanations about why this is happening, one is if there is an increase in the number of cryptocurrency users around the world most likely the first crypto they will ever buy will be bitcoin, this happened to me and I am sure that I am not an exception, but as they learn more about the market they will decide to diversify their holdings and will buy altcoins making the market dominance of bitcoin to go down. Another explanation is simply that many of the altcoins in the market were not worth their price in bitcoin and that is why they have been suffering a long decline, and finally it is also possible that many investors seeing that bitcoin showed signs of a bull run decided to sell their altcoin holdings and this caused the general uptrend in the market dominance of bitcoin. This could be also because the doubters are turning to be a believer, after doubting bitcoin, making allegations, rumors, and other gibberish things about bitcoin. I'm guessing it won't take that long for bitcoin adaptation dominate the whole world, including the Government that is been spreading FUDs to the public which is exasperating. Well they can't help but to spread bad rumors about bitcoin because they are mad for not having control on it. |
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MOST OF THE DEALS ARE CAN ONLY BOUGHT BY BITCOIN !!!!!!!!!
I've never checked out dark web, but I'll use some common sense / logic. There are more directions here: 1. I expect that some of those "deals" are fake, like everywhere in the world. So obviously a mean of payment that's not reversible is preferred by the sellers. 2. Since the things sold/bought there are usually (?) illegal, linking them to somebody's name, address, face.. are clearly avoided. And then the next question arise: how comes they don't use anonymous coins and risk (just a little, I know) to use Bitcoin? I hate to say this, but you are wrong. Deep web is the place where all of the things are true, the Government's secrets are even there, lots of confidential and unimaginable things you can't picture out in your mind. Deep web is just a mask, the most interesting things are inside. All of the deals and transactions there are legit, because the word "respect" are valued there, unlike here in the internet (you know what I mean). They respect each other because not all of the people have guts on diving down in the deep part of the web yet there are some, and that's what I like about in deep web, their system and the people. |
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I'm curious to know what the community thinks in terms of how user friendly entering this market is? I know we've come a long way from the days when UX/UI was extremely poor for most companies but are there other areas that require improvement?
Actually, when you are new in this environment you will probably be confused but when you do some research you will be somehow familiar. When you have already try to explore how bitcoin or cryptocurrency work you will start earning it. Just be familiar with the basics of crypto. Indeed. It might be complicated for other people, considering I was nearly get lost also the first time I enter this world, but thanks to a friend of mine who guided me and taught me the basics. My opinion about this is, the longer time you spend here in this forum and exploring other crypto related stuffs like Exchanges, hardware wallets, faucets (lol), so on and so forth, your awareness and knowledge about how this world function will improve in no time. The next time you knew, you'll realized that it is not that complex compare when you are finding a real job in the actual world, submitting a lot of stuffs for you to be hired. |
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It is okay to use what OP mentioned if you guys are going to buy a little amount of bitcoin like .1 - .5 BTC but higher from that, I don't think so. You're lucky if you know someone who have plenty of bitcoins, you could buy to them personally to avoid being scam online using different methods on buying bitcoin. I've used paypal one time when I was just a beginner and it just gives me anxiety that results to overthinking. It was so unsettling because it took so long before I receive it (I've made a successful transaction, by the way).
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I do not have enough experience, but I have read in a few sites to avoid : phishing emails(receive an unsolicited email ) Avoid sites that are not trusted (do not contain https  study the team of project check the the White paper You'll notice that after you joined any bounties or signature campaign, there are emails which for me is obviously a phising link but they look like legit if you are not going to pay attention. Phising sites are hard to notice in my opinion when you are in rush, for example is when the trading platform sent you an email that you successfully sold your coin, so because you are excited, you didn't notice that you accidentally added a letter to the site where you are going to, that happens to be a phising link, after that, you received an email that you successfully withdraw your funds (the hackers did). Scammers have different new ideas just to earn money even in the dirtiest way, they have the courage because of the anonymity we have in the internet especially when we are using cryptocurrency. It could happen in just a blink of an eye, you'll know you've been scammed or hack when it is already too late. |
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If I were him and I have $300, I will buy bitcoin first, then eth, bnb, atom, grin, and some other low coins price. I think that is enough to get some amount of each coin and I can wait for another time. I don't just hold each coin, but I will sell the coin if somehow the coin can increase higher at least 10% from the price before so I will have the opportunity to buy back the coin in a low price. The bearish market now gives a chance to us to buy as many coins as we can, and that will depend on the money we have.
For the amount of $300 its somewhat hard to diversify into various number of alts in the market.I would rather focus directly or all put up into bitcoin or ETH with this case even just simply holding up you can earn various percentage profits depending on your entry point.Yes there were lots of coins in the market it will depend on the money we would able to risk out.We can start up trading if we do like but it is much wiser if we do trade up with small amounts and dont ever use up on to those capitals or money that you had been borrowed or simply your savings. While you are doing this, you are also minimizing the profits you could earn compare if you will also check out other altcoins which are good to trade too, aside from bitcoin and ethereum. It is a double edge sword that could cut your profits or could be your weapon to maximize what you can earn. It is not that bad to apply this strategy, focusing on just two crytocurrency means you are staying on the safe side. Furthermore, if you successfully mastered or understand how trading works using this two cryptocurrency you have mentioned, you're not going to have a hard time trading other altcoins. |
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investing is usually better than saving because you can grow your money. However in a bear market, it may be better to save money because the market goes down. over although investing is better because you can grow your money over time. Saving is also good to have a financial security net.
That being so, since investing your money in cryptocurrency is too risky, saving up first is the thing you need to do, it is the foundation of your investment just in case your plan didn't go out well, because if you will put all your money in investment, when the rough time comes and you need some cash, you'll probably end up selling all of your cryptocurrency, which is not recommended because we all know that the market is not always in bullish season. |
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sometimes you will buy high but the market will not come back down and you will lost everything. well you won't lose everything
I am definitely confuse right now, what you have said is so contradicting thusly doesn't make sense at all. sometimes you will buy high but the market will not come back down and you will lost everything
correct me if I misunderstood your post but I think this is a good news after all, buying in a certain amount then suddenly "the market will not come back down" means that it goes up (obviously), the next thing would happen would be that you made profits because you bought at the right moment. It is up to you what next move you are going to make to make even more profits more than what you have at the moment. but you will have to re-buy into the market and you will lose some money, and it won't be good.
Re-buying altcoins that you will use on Trading is not a loss for you, it is an investment, you buy therefore you are holding an amount of money that could be double or even triple when you get lucky if the market continue to rise. |
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If they pay more than others, they can attract the best users like what ChipMixer is doing.
This is not the reason why Chipmixer has some of the best posters on the forum Yes it is. Part of it is management but the fact is that the more you pay, the better people you can get. I agree with you on this, I'm uncertain if what I'm about to say is a fact or is not true at all but people do their job at their full potential when they know they are going to be paid big and a good salary mostly plays the motivation part on everybody. Chipmixer pays big not only to attract good quality posters but also to make others hesitate for a moment and think if they are fitted in this campaign that have finesse for them to realize what it is lacking on them why they don't have a campaign like chipmixer. |
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They didn't lose anything, they just lost the chance of earning big profits last 2017 but their bitcoins and altcoins remains in their wallets.
Let me italicize it for you. In short, you still lose — you lose time and opportunity  . Don't get me wrong, I know what you mean and I agree to you somehow. What I'm only pointing is that hodling for too long is no longer healthy and safe. You should learn to exit the market as well. There should be balance, if you know to buy and hold then of course you should also know how to sell. IMO, it's not mecessary to hold for couple of years to earn. Just set a target price (not too large and not too small) where you can already earn a decent amount of profit and wait for the right timing. I'm going to add some things that you are missing here. Not all of the hodler's buy their coins, there is this " Bounties (altcoins)" thread where all of us could earn altcoins to use it on Trading or hold it(optional) not all of the bounty hunters knows how to Trade, and hodling your coins in your wallet is a choice, because just like what I've said, not all of the people who hodls their coins know how to trade, guess that is the reason why they are just hodling, it is hard to trade when you don't know how to trade. Just set a target price (not too large and not too small) where you can already earn a decent amount of profit and wait for the right timing.
EXACTLY! this is the other reason why other hodlers hold their coins, they are waiting for the right timing that will meet the price they wanted to earn decent amount of money. |
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Hi everybody, I have a serious question to address:
How will you tell (or reveal) to your Bank that the huge daily (or weekly) deposits into your Bank Account are from crypto-currency profits?
- Would you go to your local Bank Branch and tell them ahead of time, that you are a crypto-currency investor BEFORE you make huge deposits?
- Would you go to your local Bank Branch and tell them that you are a crypto-currency investor AFTER you make huge deposits?
No, I wouldn't, banks don't like cryptocurrency and cryptocurrency don't like banks. I suggest that if you want to want to deposit your money that you're earning in cryptocurrency in banks, please don't deposit it in one go, if you're about to deposit $20,000, deposit only $3,000-$5,000, that is if you are their customer for a long time, if not, make it a little more little, so they won't suspect you doing anything illegal. It also depends on how good is your profile in their database, if you have another business other than investing in bitcoin where you earn big as you earn in bitcoin, then there is no problem on depositing it all in one go. |
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I got my family involved and taught them how to make transactions. Now they sometimes use bitcoin to make payments. They made some nice profit from bitcoin as well. To help promote bitcoin I always ask to be paid in bitcoin or other crypto whenever possible. I then spend crypto in place of fiat at every possible chance. A large number of my funds are in crypto as well so I put my money where my mouth is as it were.
Nice to hear that you taught your family. For me, only 2 of my family members are interested. But then, the explanations involved are discouraging.🤷♂ Same here. My family is very curious on how am I earning my money, and I told them about this forum, bitcoin, and cryptocurrency that they could make money here. As what normal people would response, of course they doubted me saying if this was really a legit way on earning money or maybe this was just a scam, they said. I found myself explaining it to them piece by piece hoping they would understand what's my point, but I failed. Anyways, we are still helping blockchain to promote in public by using cryptocurrency always, it is the easiest thing we could do for now. We can't force them to enter this world, we have to show them how powerful crypto can be than fiat. |
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It can be both. It shouldn't be one or the other. While I think bitcoin is in a decent state already, but why should we stop there? Why not continue to improve the ecosystem to make it better? And that's why people are developing second layer solutions for better privacy and better transaction scalability.
I believe that the greatest victory for Bitcoin will come when major retail companies like Amazon, Best Buy and the rest starts to accept it as a means of payment. I am sure that a time will come when they start doing that very soon. Bitcoin being created by Satoshi Nakomoto, releasing it to the internet, using blockchain for this, started in a very cheap price and booming us every year for huge fluctuations(in a good way) is already a great achievement for that Bitcoin does every single day since its birth. Many people didn't believe on it first, but after years and years goes by as it evolves, those who believe in it and invested earlier made a fortune on it and it changed their lives. And bitcoin is still doing that, every year bitcoin remains the king of all cryptocurrencies, surviving every obstacles its facing, but how? it is simple because Bitcoin is the winner since day one, and no one could ever replace that. |
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It also happened to me but in a different way. I am not sustaining my family though I pay my own bills, buy my own food, buy my own clothes and other personal wants and needs. Way back December 2017, I have 1 BTC in my Electrum wallet and altcoins on myetherwallet, if you guys remember, this is the month where bitcoin's and altcoin's price was at their peak, but I hesitated to sell some thinking that it might go up more higher
Guess what? I am disappointed, the market is slowly going down since January 2018 but I'm still hoping for the best, and I regret not selling some bitcoin and altcoins that time. I could have turned it in fiat and re-invest in when bitcoin hit its lowest price in 2018.
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So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).
Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.
Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.
What should Sam do? Will the police help?
*I'm going to hell for laughing too much* Anyone could offer you anything, most of the time it is too good to be true, and that's what it seems happened to your friend. It is so obvious that it was a scam, but I bet your friend was blinded when the scammer said "crypto", this is the magic word these days of all wicked scammers. My conclusion about this is your friend is so freakin' stupid, who is acting tough but the truth is he doesn't even know a single thing about cryptocurrency. My guess is that friend of yours was trying to prove something to you guys, like he could earn money without your help at all, he just got unlucky because of his naiveness and pride. |
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Price fluctuation (volatility ) is the main danger inside cryptocurrency investment. The price of a particular crypto coin can easily drop causing you to lose a huge percentage of your investment capital within a matter of seconds. Price volatility makes it somehow difficult to invest in cryptocurrency.
This is could be either advantage or disadvantage to a certain person, fluctuations is blessing depending on how you are going to see it or need it, after making a huge profits, you want the market to drop a little or big for a while for you to buy at a lowest price it could be, then sell it again when the market goes up again. The only danger inside the cryptocurrency world is if you don't know what you will do about it. or how will you see things inside this world, it all depends on how much capability you could make to turn a worst case scenario into a better one. Being a trying hard without any efforts on studying how this world works will just cause you heartbreak. |
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Hello:
I am new to cryptos and I must say that my first experience has been a bad one, I recently visited antminerusa.com and purchased some hardware, that was about 10 days ago, I paid using BTC, now the site is no longer available, its been down for 3 days maybe a bit more, this lead me to think this website is a scam. Now what should I do to recover my BTC, if the purchase where made using a credit card, I would report it to my bank and they could void or cancel payment, but with BTC what should I do?, if there is nothing that I can do, then it is obvious that using cryptos is a scammers paradise because there is no protection to buyer (that I know), unless there is a way to introduce the complain in the chain in order to reverse payment.
This is the transaction id 30dc4f431ac3db1949b330ab8cd31d1bb019d4831e24cd7cd7f4215fca73073b if anyone could share some light I would appreciete it.
You can't reverse any transaction when it is done already, it is a must to check first the legitimacy of a certain website before you make your first purchase, check its review panel, search it everywhere, do your homework. Also you could see it on their website interface if they are legit or not, you just have to pay attention, don't rush things up especially when you are using crpytocurrencies as the payment method. There is nothing you can do about your bitcoin anymore, you already sent it, the only thing that you could do is learn from it, and warn your friends about this site you have mentioned. |
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Yes, I think so, not just martingale but all strategy can increase your winning percentage but can't guarantee you a positive profit before leaving especially in the long run of playing. Martingale is called by some as martinfail because of many unsuccessful plays but it really works. You just need to know when to stop and change your side but the fact is, you can't.
Gambling strategies are more like debt traps to me, yeah it will helps you win sometimes, and as the days goes by, it will gives you a mindset that relying on it would help you to earn huge profits every time, you just have to try all of them(if you still have money, lol) Most of the new comers in gambling have this mindset, it also happens to most of us the first time we play gambling but lucky for those who managed to get out while it is not too late. Imagine yourself having so much debt in your family, friends, also in banks because of your addiction in gambling, because you believe in such pitiful scam strategies. |
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Bitcoin is like a nightmare of banks. Bitcoin and other cryptocurrencies are more attracting than banking system to people. For example, their decentralized system provides an ease for people to have full control over their money and it is a big advantage compared to banking system.
The Banks and Bitcoin are like two conflicting systems which work on different but opposing principles, thus centralization and decentralization respectively. The Banks want to always be in control over the finance of the people whereas Bitcoin takes this power and gives it back to the people. The way the banks move are completely different on bitcoin, making them rivals. They are competting to win the position on who should remain standing as the technology and society keeps evolving. Fiat are trash and slow, it could be easily taken away from you, branks are trash as well, but bitcoin is the future. It have the technology that banks doesn't have, it moves wtihout commands and that is the advantage of being decentralized. The world will not evolve without a great revolution, without accepting each other's idea, without unity. The world will remain crumbling because of us, because of our greediness, because the Governemnts worship money and money at all times. |
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Coinbase lets you set recurring buys of BTC (daily, weekly, monthly.) but their fees are ridiculous.
Coinbase Pro has much lower fees, but no ability to do this.
I want to dollar cost average in. Is there a way to use Coinbase Pro API to set recurring buys?
Or is there a better solution? (Doesn’t have to be coinbase)
Can someone please give me some advice. Thanks.
I was wondering if there is a solution to make instant buys from fiat to bitcoin but didn't find any better than you stated above. What I could advise you, is to make a deposit of a big amount at once, buy a stablecoin and then purchase bitcoin, in different time of period. The exchange fees in this situation are much lower. I recommend XRP when OP is going to make his another purchase, XRP is a good investment and a stable coin in my opinion. XRP does have a lightning network with a very low transaction fee. However, the final decision would still yours, I am just giving an advice because I see XRP as a coin that could make me profits in the long run, just like bitcoin, the only difference they have is their transaction fees and their network. |
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