My Brother sent this thread from REDDIT > https://www.reddit.com/r/Bitcoin/comments/abznev/judge_bitcoin_by_yearly_lows_not_all_time_highs/ It is obvious that too many people focus on the ATH values of Bitcoin but from the thread above we really should be focusing on the lows of each year, this indicates the amount of people who value Bitcoin more than FIAT. As long as this happens it is obvious Bitcoin will grow. What I am taking from it is that IF the bitcoin value falls below last years low of $3200 it wont be by much [using 2015/2015 as an example] . . . Last chance saloon coming up to buy cheap bitcoin. |
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The fed raising the rate is just a means of them generating higher revenue and support they government, but the bitcoin market will still fine a way of recovering and raising in price at every situations. The feds laws will affect bitcoin market no daught but with time bitcoin is going to get over it.
Bitcoin is a big market, this is not just a company where it can easy be affected in any changes the government will product. Sure, it would impact the economy but this things may just be temporary only, and we have two people in crypto, those who are using the tech and those who are investing. Investors are those who understands that they need to only invest a funds not allocated to basic needs. And bitcoin is a global currency, it is not solely used un the U.S although i think sometimss people forget that. The movements of the Federal Reserve of America mean little to bitcoiners in Europe, Asia, Africa or Australia. |
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And this is the whole thing. Bear market allows you not only to see where your investments are going but also lets you easily unwind them by selling poorly performing coins (if we talk about cryptos) and then proceed to buy more resilient coins at half the price as the market goes downhill. That's what most people overlook in bear markets and so fail to take advantage of. In a nutshell, it is a perfect time to change sails or even the ship itself, tide or no tide
This would be "buy high, sell low". Concerning traditional investments, a smart asset allocation would tell you to do the opposite. However, as we are in this crazy cryptocurrency market, I don't think it would be wise to buy more of a coin that lost 90% of its value (as it may never recover) I have a few coins that lost about 90% of their value... they are almost worthless now. I will not sell them... because they aren´t worth anymore.. but I will hold, and see if they recover at least a little so I can sell in the future... My game plan for the last 6 months or so has been to get rid of the poor performing coins and trade them into bitcoin which has obviously a very good performance. There are however promising coins or sturdy ones and they are not those cheap coins which have a big following of hopefull investors. Coins like the old reliables or "the original alts" Ethereum, Litecoin, Monero, Dash, Monero and Zcash. We could also look at Ships who are seaworthy and are prepared ready for the next tide. |
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The only difference bitcoin has made to my life is that it has offered
me a means to take control of a portion of my finances. It has
offered me an alternative to traditional banking, saving and investing.
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Im not so sure there is a critical deadline for bitcoin and crypto to recover its
value. There might be an expectation that the markets need to start rising but
i wouldnt be getting caught up on when it needs to be and if it doesnt happen
at that moment all is lost.
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To be honest, I don't care about the news and articles because that are information for the masses and maybe a way for the investors to panic. If this is true then those people who bought Bitcoin at $1000 at a stupid idiot because they only started gaining profit when Bitcoin is at its lowest prices. Why they didn't sell at its peak? Complete nonsense article
I agree, why would anyone who bought bitcoin in 2017 be selling now, of all times? December 2017 would have been a good time to sell, or even in january 2018 when bitcoin started its correction, but not when bitcoin has reached its lowest value. I am on this 2017 bracket, i bought my first btc at $1000. Now is the time to buy. The article is just FUD spreading. |
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This is such a relevation, i really cannot understand how bitcoin has lasted exactly 10 years.
Thank you OP for enlightening us with your top quality super sleuthing and solving what
EVERYONE in this forum was so worried about - NOT
The OP is obviously sore and decides to troll the forum to try and corrupt us against bitcoin
..........and crypto (the hint is in the username) I understand some peoples need to vent, but
this really is hot air.
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-snip-
Satoshi is not awesome because he was watching the crypto world and had a brilliant idea. He's awesome because upon having this idea, he carried it out. You know what I would've done if this idea had come to me? I probably would've mentioned it to a few people, maybe written some very basic code if I was feeling especially ambitious. You know what Satoshi did? He spent 2+ years contemplating every possible aspect of the system he could think of, and wrote code that worked brilliantly in the real world. Satoshi's code was good, but anyone who had read a good C++ book could've written similarly-good code. Anyone who had taken an intro crypto course or read a few books on the subject would understand Satoshi's usage of crypto primitives. The task of creating Bitcoin required a small flash of brilliance, moderate skill, and an unbelievably huge amount of dedication to thinking about, coding, and testing the system until it worked exactly as envisioned.
-snip-.
Thank you theymos, thank you for this thread and your opening post! I love the chapter above especially the "small flash of brilliance" its just how most great inventions go i suspect, like the post-it note, not complicated, everything already in existence but they need to be combined into a single product. I really hope Satoshi is lurking on the forum and can realise the gratitude we all owe the Satoshi entity. A simple statement from my country > "A lot done, more to do" |
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The first block created on this day 10 years ago -The Genesis Block- Happy Birthday Bitcoin
and happy new year to all bitcoiners.
• When and where you encountered bitcoin. - around 2011 or 2012 but I didnt investigate it
Enough to want to get into it. Bought my first bitcoin in January 2017.
• Lowest and highest price you bought bitcoin. Lowest was around $1000, higest was
recently around $6400
• Knowledge you get. - massive, especially from this forum, learned a lot in 2 years, and
still learning.
• Wallet and exchange you're using. - wallets: Trezor, Electrum, Exodus, Coinomi. Exchanges:
Nexybit, Poloniex, Bittrex, Cryptopia, Gdax, Hitbtc, Bitfinex, Kraken
• 10 altcoin/token you have besides bitcoin. - Ethereum, Ethereum Classic, Litecoin, Monero,
EOS, Augur, Tron, Dimcoin, Electroneum, PAY
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After registering on my first exchange, Poloniex, in 2017 and spending
a lot of time and energy watching the markets and making trades and
both gaining and loosing bitcoin I decided to pull the plug as the gains
didnt justify the time and effort I spent not to mention the hassle it
caused at home with family. Now I just hodl.
Plenty of others have the time and expertise to play the markets, im
not one of them. I just hodl and so long as i do so i dont loose
(Unless its a crap coin)
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2018 was the correction year after a very inflated 2017. The only way
the markets can go is up but hopefully it will be a realistic rise taking
At least a year.
Security should always be to the forefront of everyones thoughts.
Everyone should be looking to secure their wallets, seeds and passwords.
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this has always been one of the biggest problems that those wanting to buy bitcoin are facing. they don't know when to buy. basically they always tend to buy when the hype is real strong like when the bubble is forming like at prices above $15k heading towards $20k. and then they, for some reason, become inactive during the dips! for example nowadays you see a lot of people who are scared of buying not because they don't think there won't be a rise, no no no, they actually know there will be a huge rise but they are scared because they think there can be more drops, and partly greedy because of it. so they wait for that drop then wait more and more until it is too late and then start buying on the rise and cause a shoot up and the bubble.
Yes i can kind of understand that way of thinking and buying but this mainly happens with newbies. This is typical FOMO fear of missing out while the price is rising and acting at the wrong time |
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Good thread with good tips and advice for all. I didnt see this when it was first created.
Negative threads tend to get more attention which shouldnt be the case
threads like this one giving good tips should have far more replies.
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DIM team need to do something, dimcoins with zero volume to trade. Exrates volume is fake by boots. New exchanges like promised in the first whitepaper and a good marketing need to be made. Until now, dimcoins was used only to get our money, thanks DIM team by fuck us.
Dimcoinlover is a insider, do you can talk about the dimcoins utility? DIM team focusing in DIM USD / DIM EUR.
As mentioned before, these questions have been answered to you many times. You just don't listen. I ask again, why are you still invested in this project if you hate it so much? Mr. Dimcoinlover, you do realise this is approaching a 200 page thread, nobody at this stage is going to read all the posts so instead of throwing abuse at everyone why not educate us because as i said we are not going to re-read everything before? I still have dimcoin from the ICO and have watched it slide and as a result have failed to keep up with what is happening. |
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Are any of you Exodus wallet users staking EOS ?
I have a small amount of EOS in my Exodus wallet and have 1.97 staked.
I have been earning a small amount from this and im thinking of increasing
the amount staked.
Any tips, pointers and advice would be appreciated.
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My red trust is for a total different reason that scamming. I had no offer in pm so I am still waiting for you
I would be willing to trade but of course you will be making the first move. I am looking to sell my account on an exchange (cant remember which one ATM) which has a few different tokens on it. I cannot trade or move them as the quantities are too low to make it viable. I will take a screenshot Later. |
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I dont do youtube that much and i dont follow any specific channels either for crypto or anything else but I have seen Andreas' name been posted on the forum a few times so I might make a new year resolution to watch some of his videos. I spend most of my free time on this forum and there are a few members who post really informative content which I like and can relate to (not to technical) most notably Franky1 . . . This is where i get my crypto fix! |
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Well now is not the time to sell, these are times of accumulating. Unless
You are an experienced trader its very difficult to know what way the market
will go short term but anybody who is atound crypto for a few years will
tell us to look to the long term, that is what will show the growth.
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Firstly i think FIAT is morphing slowly into being a digital currency and it
will always be used differently to bitcoin.
We also have to remember one is controlled the other is not, one is accepted
more than the other for paying bills, taxes, supplies and utilities.
Bitcoin has certainly come a long way in 10 years and has also morphed into
something it was not initially designed for - investment.
It is easy to see one failing and the other rising.
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you first have to understand the following:
- a miner in a PoW algorithm coin is someone who is performing "work" to find new blocks.
- the more miners working on the same thing the harder the "job" is going to be and conversely the less workers work on the "job" the easier it is going to be.
so you question all comes down to how much do you think bitcoin is giong to be used and be popular? when it gains more popularity there will be more people "working" and if it loses it then there will be less. in an extreme case when everyone leaves the "difficulty" can drop until you can mine it easily with your PC. so in other words bitcoin can only die if every single person stops using it.
Yes this is my understanding of what would happen. If a scenario were to come about where mining activity was falling the difficulty level also falls, and if the difficulty falls enough new miners will start and replace those who stopped earlier. Now on the other scenario where every single miner ceased operations at the exact same time (fantastically unlikely) transactions will not be confirmed. Byt its best not to be worried about and event like this happening. |
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