It has sure spiraled down since it reached the summit, holding off well around the 60% drop mark for several months and then a massive free fall over the past four weeks.
But considering what lead to the pump of last year, it could be categorized as a bubble and was sure to burst at some point. A more steady growth would be more beneficial to the market.
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It all depends on your idea of what 'real world uses' are. Bitcoin is a virtual currency, but has real world uses' and applications. Just the same way we are moving into a cashless society but yet Fiat still has real world uses.
Bitcoin parity with gold can not easily be calculated, considering that BTC is infinitely divisible, and not measured same way as gold.
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Some of those are not issues for fiat anymore, most fiat is in electronic form so the cost of storing it or moving it are low, the real problem of fiat is the faculty of governments to print as much as they want,
That is not technically true, fiat is still inherently a physical fiat commodity. Yes, we can make transactions digitally, but the actual movement of cash from one location to another still happening manually, banks are interlinked, so you can transfer using your device, but money did not actually move, some other funds was used to effect the transactions. Bitcoin has lots of qualities, mainly, immutabilty and decentralization. This is what sets it apart from conventional currencies.
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You should bear in mind that the merit system is not regulated. And users can give as much merits as they wish to a post they deem worthy. Except it can be proven that there is a trade or boost of personal accounts, nothing can be done by the mods. This is so as not to scare ither members from giving out merits, which does not in any way favour them. And it can lead to hoard of merits. Also you should freely link the profile, other members might be able to scrutinize it.
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While it's imperative to manage your resources, like capital, an only invest what you can afford to lose. Time is also a very valuable resource that should be managed effectively. Set priorities. Learn when to shut that PC and distract yourself. This would keep your real life together. And also keep your mind sharp when trading.
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The simple answer I guess is, people give merits to what they want to. There is no obligation or set rules on distributing merits.
But considering that post you linked, it is understandable to reward those who help out members who have queries and inquiries, rather than meriting the one which made the inquiry. If you look into some of the altsections there are posts which sparks uo debate, and some of this threads turns into spam mega threads with similar discussions going back and forth. A post is not judged by the quality of reply it gets, but the quality behind the content.
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It depends in what you are looking for in an exchange. Top qualities include; Easy liquidity, this corresponds with the daily trading volume in the exchange. Security Easy to navigate interface Efficient customer support And lot more.
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nope. going for high risk high reward ICO pump and dump is not the game at all your thinking high risk but potential of 2x in a few days.
Quality ICO projects do not offer a profit of 2x in a few days, for some it's actually a couple of months before the project can take shape and actually have some organic growth, when you consider bounty participants dumping and large bonuses for investors it could be longer. But there's at most two or three of such projects annually. ICO investments should be approached strictly. And only go for projects which satisfy all criteria you set for a quality project.
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No 3; Ignorance. This is a very efficient tool used by hackers. When people lack a clear understanding of a particular venture they are more liable to fall into a well presented scheme. We should all form the habit of verifying any information we come across, and always treat things with skepticism. It is a scam, until proven otherwise
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The update in banned notice is a welcome development, it would although do little to those who appeal irrespective of the fact that they have broken one of the rules or another. And their chances are indeed not good.
It's funny how everyone seems oblivious of the rules until they've been banned, then they know exactly what board to post an appeal after opening an account for that.
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That is the problem of many bitcoin users. They always think of bitcoins going to the moon and skyrocketing without thinking that bitcoins is basically meant for peer to peer transfer and not as investment vehicle to give much profit.
There is a target, and set goal and then there's the reality. The reality of bitcoin now is that it's volatility makes it unsuitable for daily payments. And also makes it perfect for trading and price speculation. Anyone who bought purchase it at a certain value and if you bought anytime this year, you are currently at a potential loss. Bitcoin would be treated for it's profit value, till it goes mainstream and gets mass adoption
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Any new invention in history was initially met with a level of skepticism and disapproval. Bitcoin was not an exceptional, it rather was a perculiar case. It targetted the monopoly of the banks and governments which was only rivalled by gold and other precious stones.
Bitcoin proposed financial freedom for it's community and investors and a new era of unrestricted and unregulated transactions which could not be controlled. That's why countries were all defiant and unaccommodating. Many are now trying to flow with the tide, rather than swimming against it.
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Market capitalization on which bitcoins' dominance is based is one statistic I am not too interested in. Lots of coins were introduced on an hourly basis during the last bull run, some with millions of tokens in circulation. It could easily have a large cap without controlling that much of the market in terms of investors. The market is ever expanding, and new coins would always be introduced.
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lets say i want to make a 85% profit. at what price do i sell everything at?
also should i sell in increments on the way back up during a bull run, or should i just sell all at one price point?
It all depends on your strategy and the mathematics. If you want a profit of 85% you'd have to sell when the price is 85% of that amount you bought at that price. So starting from the lowest you sell after an 85% growth on $4000, for the exact amount of bitcoin bought at that price ($200 worth) and so forth in corresponding prices. If you want to sell at once then, toud have to abandon the individual math and sum up the entire investment.
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There are generally accepted qualities which are required from an exchange and most of them have already been listed on this thread. One main quality I look for is, ease of withdrawal. A common problem faced, especially with centralized exchanges is long and inefficient withdrawal procedures, which often requires manual confirmation. Liquidity also is a very important factor.
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As I see it, those are two completing different strategies. Day trading targets daily profits, and it could be in the region of 1 or 2% growth on your capital. On the other hand, you are going long and expecting profit over a longer time frame.
That said, there is no better or worse strategy, only what suits your skill set. Trade according to your tools.
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If this attempt happened on this forum, then you should drop a link to the account or group, and what they are selling. If not then this topic should not be in Meta. And it's the basic idea that all scammers use and have been using. Don't click unverified links. Only enter dealings with credible individuals Avoid unauthorized mails from unknown sources. Also avoid promotion groups on platforms like telegram.
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Moderators are not responsible for merit awarding neither are regular members, the only group charged with distributing merits are sources, and it's a voluntary task, so we can cut them some slack.
There are lots of problems presented as a reason for lack of efficient merit distribution across the boards. High level of spam on some boards and very little moderation makes members unwilling to dig through the pile in search of quality posts.
The only immediate solution that can be implemented is the Reporter badge which has been discussed at length, and maybe additional incentives to clean up the forum.
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Bitcoin enthusiasts are little worried about shit altcoins, they are likely going to die regardless of the market situation. A project without a product can't survive long.
The useful and practical altcoins which are taking a fair share of the cryptocurrency market capitalization (which has pushed BTC to as low as 54% of the market) would likely survive the current onslaught.
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Friends in the world of cryptocurrency and Bitcoin itself there are big problems with a record fall.
From which point are you summarizing the chart? Pumps and dumps are a regular part of this market. You can call this a record fall, considering that the last peak was a record high and we technically entered a new phase in the market. Along with this, the G20 is actively discussing legislation in the field of cryptocurrency taxes.
Anyform of regulations from governments is not a welcome development. Governments recognizing this technology would increase adoption, but it reduces most of the qualities it possesses.
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