Latest posts of: pawanjain

Firstly, is it even possible for a user to download facebook ? The Admin sould surely have the access but then the information of millions of people would make it a huge amount of data and hence this won't be possible and feasible for it to upload on the blockchain. If you mean to say that is it possible to create an application similar to Facebook and then upload it to blockchain or if it is possible to create a social media website over the blockchain then yes it is possible and there are already projects developing such platforms.

Did you even analyse the market before starting trading? I hardly believe you did that because the price movements you are talking about happens in all the exchanges in the crypto market. It is totally your fault that you have lost your capital because you didn't practice to trade and didn't analysed the market before investing. You should not have sold your coins if it were in a loss. You could always wait for the market to recover.

Quote from: GwSoJ on April 05, 2018, 10:28:38 AM

I have been day trading Bitcoin for a few months now. Overall I'm pretty much making nothing and losing nothing. It seems to me that there is no logic at all to the market. No matter how much research you do, how much you look at the technical's and how much you try to hedge you absolutely can't predict the massive dumps that happen every day. They appear out of nowhere at random times and drop the market by $200 - $300 at a time.

This smacks of huge manipulation of the market. They are making it impossible to trade with bitcoin in any way other than a pure gamble. Anyone else noticing this?

Yes buddy that is exactly what I am thinking for a few months now but could really do nothing about it. Trading is not trading but gambling in crypto now. No analysis could make us prediction the price . The only factor that most of the times derive the price fluctuations is news. News related to crypto derives the price all over the world since peopl react to it. Most of the times it results in a panic sell.

Good way to use other threads into your post. Although the technical and fundamental analysis does not guarantee any benefits in the crypto space it can give us a perspective of what could possibly happen in the future. From the charts above it is possible that the bearish trend might end soon albeit no accurate dates. We still cqnnot predict how long the bearish trend will take to end.

If you are not specifically looking for an app and just for a service that provides fiat to crypto exchange then you can go for localbitcoins.com as it provides fiat to crypto exchange for almost all the countries. It is also a peer to peer exchange and hence you get the ability to deal with real traders. It also acts as a disadvantage since you might find people who scam others and hence you should only deal with people with many traded and a positive feedback.

If you google or search the forum and explore more about cryptocurrencies then you will get to know that there are several differences in between a stock market and a cryptocurrency market. The major factor is that crypto market is spread throughout the world and is operational 24 x 7 . Cryptocurrencies are more volatile than any stocks or bonds. This is why we have to be careful and plan out our strategy well before we execute it. There will be many shitcoins too and that's why we have to research thoroughly before we invest out money in it.

There is no way out other than sticking in. Tongue

We have already lost the opportunity to sell when the price was high and then average. The meaning of selling at such lower prices would just be that you are loosing your money. Waiting the until the market recovers could be our best way to get the profits for our investments. Another thing that you can do is day trade to take out the smaller profits but that is risky in this trend and you should take the step between day trading and holding.

If you were into cryptocurrency discussion for a while then you would know that it is the least thing one should do. Don't even think of investing "All you have got" into crypto as it might ruin your life. They say that invest only the amount you can afford to loose because investing in crypto is risky. You can't blame it on anybody if you invest and loose the amount. The chances of earning high profits is same as loosing it. So think thrice before whatever you do.

SEC is the exchange commission of the US and is the deciding factor whether the institutional investors will get the ability to get involved with BTC or not. The governments are against BTC since it has trust issues with it because of its high volatility and pumps and dumps. This is why the SEC is delaying the announcement of BTC ETF. If approved the chances of BTC price rising high is higher. BTC ETF has attracted many people towards BTC these days.

There are chances that the SEC might not approve the ETF proposal due to legal and trust issues the governments are facing with BTC.
Anyway, it shouldn't matter because one or the other way the institutional investors will be involved with BTC in the future. So if BTC price doesn't increase now then it will surely increase in future. So my advice for the people will be to stay optimistic and not panic even if the EF proposal is rejected.

Though it's an old news now it still is the harsh reality and not only you but most of the people who have invested in those ICOs are worried about their investments. I am myself worried about the tokens I am holding as the price have become drastically low. At first I was believing in them but now I am doubting on them whether they will ever increase in price or not. All these scam ICOs have created a bad name for the genuine ones as well.

Quote from: ericaltm on July 16, 2018, 12:32:01 AM

Hi, first time I create a thread myself on BitcoinTalk!

I wanted to bring into the discussion if there are many good projects under the Ethereum blockchain (ERC-20 tokens) that have a potential for the future, wouldn't ETH become super important since it is what you pay as a transaction fee.

I know there are many shit-projects under the Ethereum blockchain, but I am not worried about those, because we (the users of crypto) will figure that out and simply not use them. But every now and then a great project arises that can give a lot of value to making solutions in the world. Just wanted to hear your opinion on this.

Ethereum is a great platform and the technology of enabling people to develop smart contracts has made Ethereum one of the top most used blockchain platform all over the internet. This has created a positive impact on the price of ether. No doubt that Ethereum will be further developed in the future and with that there will be many more projects that will be developed over the Ethereum platform. Hence the price of ether will surely increase a lot in the future.

I really like the idea/concept behind decentralized exchanges but the fact that they are not so efficient still keeps me away from it. There are still some issues like less volume, no support, less liquidity, availability etc... which a decentralized exchange should think of before being launched. So centralized exchanges are better until the issues of decentralized exchanges are rectified.

It's true that BTC is not being able to hold the higher prices as for now and personally I think it is just because of lack of enthusiasm in the people. A lot of people didn't even knew about SEC until a few months back. It's because of some people that everybody started giving it more attention than it needed. People were hoping that the bitcoin's price would increases because of SEC approval but as the news got delayed it turned out to give a negative impact on bitcoin's price and hence the price went lower than it actually was earlier.

Don't you read crypto news mate ? You can easily find out the reasons of increase/decrease in price of BTC and various currencies if you follow the crypto news. According to news the recent fall in the price is due to SECdelaying the ETF announcement and further the latest news says about the insider trading rumors of Bitmex exchange. These have made the price lower and the prices won't increase until there is a strong positive news about BTC.

I don't agree to that. I know that if we have some coins then we should use it to trade regularly so that we can increase the capital. But it's not that hodling is bad . If you look at the example of early investors then you might know that they holded the coins for so long (even now) that they have gained an enormous amount of profit just for holding it. So holding is not that bad if the coin is potential and you know it will return you sure profit.

Ether could be the best altcoin that can be used for short term trading. Ether has been highly volatile just like bitcoin from the past few months. Being a potential coin it might give you better returns than any other coins. It is at a very low price right now when compared to a few months ago and buying it at a such a low price will definitely give you bigger returns if you wait for a longer time.

I haven't heard any such news. Can you please provide the link to the article where it was published?
Samsung is a huge company and the news would have spread like wildfire if it was true. If the news is really true then it might be a huge step for crypto.
This could also lead crypto into a bullish trend. I wonder why you haven't provided a link. Makes me think its fake.

This is a great news for Australians as they can now be able to pay their bills using crypto. I wish some companies in my country would do partnership with some company like Cointree did with Gobbil . If many other countries start doing this then it might be a huge step for cryptocurrency to go mainstream.
Cryptocurrencies are slowly growing and I believe it might not be too late until every country eventually starts accepting cryptocurrency as a legal currency.

If you see the history of BTC you can see that the last year alone made so many people rich. It was about 19 times higher than the lowest price of the year but if you look along the previous years you may find that the early years of BTC made a good struggle to reach the level it is at now. So the bearish trend it is going through now may be a longer one as the history depicts. We might not know when the bullish run begins but as soon as it does the ATH will be much higher than the one it had been.