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581  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BTC&ALTS price direct proportional? on: October 25, 2019, 06:26:14 PM
Actually i think alts are traded with BTC, not USD. So when BTC goes down in USD, alt traders dump their alts and that makes alt go down in btc which itself is going down in USD. So when you look at alt prices in USD on coinmarketcap for example you will see alts go down more than BTC.

Also, a lot of trading is done with bitcoin pairs. So as bitcoin rises, the coin to bitcoin ratio seems to stay the same. However, when alt coins are pumping, the demand for bitcoin is falling, while the demand for alts is rising, essentially throwing off that balance in favor of the alts. Or at least that is what I've noticed during the alt coin cycles, but this would make sense except that when altcoins are crashing, because the demand for BTC doesn't rise inversely, it seems to tank right behind the altcoins.
582  Alternate cryptocurrencies / Speculation (Altcoins) / Re: today the market looks excited on: October 25, 2019, 06:05:38 PM
I think some whales decided to pull the trigger now and get in at the very beginning of the bull run. Momentum trading, short covering, and FOMO are contributing further to the run up. the question is whether the whales will dump soon, knocking the price back down for a while?! I'm guessing that they will not.

Regardless, if we ever see a price below $7,000 again, it will be an excellent entry point. i believe the market will continue it's bull run until May 2020 just like what happened at prior cycle. despite it still needs more time to be accumulated by the whales who don't want it to rise, i hope we will see a nice movement up to $15,000 until year end.

583  Alternate cryptocurrencies / Speculation (Altcoins) / Re: BCH price prediction on: October 25, 2019, 05:36:27 PM
Remember, the more BTC congests, the more attractive BCH looks, and it is inevitable. Looks like we are getting some buying support. Prices are hovering around the $200-$300 range. It's encouraging to see that the price isn't pegged to BTC prices, but BCH still needs to decouple much more from BTC.

In my opinion Bitcoin trading is heavily influenced by bots that trade on the margin and effectively suppress price changes. These bots have limited capital liquidity, so while they're able to keep the price nearly constant in the face of low-volume bear/bull markets, once the volume saturates their available liquidity they are ineffectual and the price changes dramatically, releasing the pent-up pressure that was building in the weeks or months prior. In this instance, the bots were saturated by BTC's volume, and once that happened all currencies' values were able to freely float, and BCH just happened to have more pent-up growth pressure than the others.
584  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Prices of Bitcoin and Altcoin are down now ...? on: October 25, 2019, 03:04:52 PM
Everything depends on your situation, but of course there are recommendations. Try to trade or invest only in coins with the top 20-30 Coinmarketcap. Don't buy all the money right away. Buy gradually, and a little. If the price drops then buy some more, and do not invest in only one coin. And, of course, before you trade, go through some trading courses. Because in this market it is very easy to lose money.

You should always check Coinmarketcap so that you can always be updated to the current exchange, i also advice to have lot of patience in doing trades because you can only gain big profit if you hold and wait till the right moment when the price of your coin rises up. Also have some experience in doing trades because in that way you can come up with your own strategies that you can use in doing trades. Yobit and Binance are the best exchanges. they are very secure, trustful and i have personal experience with them.
585  Economy / Speculation / Re: One more bitcoin dump ? on: October 25, 2019, 02:45:05 PM
In my opinion, the big reason why the whole markers dumps so quickly is because it’s severely liquid. that means there aren’t many buyers or sellers and when a big buyer or group of people, decide to sell a big bunch there aren’t enough buyers (demand) to satisfy this supply at this price level. Hence the price level drops to a level where the are more buyers.

But from a technical point of view, market tried to correct from $14,000 (or even $20,000). people here like to scream TA is bullshit and ignore it but the fact is it becomes it's own self fulfilling prophecy in a way because you have multiple people (maybe bots) looking at the charts almost all having the same idea about when to buy and sell. This is why it's a good idea to be aware of basic TA even if you are going to HODL not trade so you have a rough idea of when breakouts like this happen and aren't buying only to immediately be holding bags or down 5% since last night.
586  Economy / Trading Discussion / Re: WILL CRYPTO BOOM AGAIN? on: October 25, 2019, 02:29:12 PM
Of course nobody knows, but I'm just looking for logical explanations and choosing the one that contains the most sense. halving event is only one factor and historically had positive effects on the price of bitcoin over the long-term. but past performance is not a good indicator for the future, and there are other catalysts that work.

Honestly nothing changed in last years/months, and majority of people in this market are cowards who are chasing idiots instead of getting in on ground floor or buying the dips. what i would do if there would not be a big increase in 2020 is that i would continue to work hard, do my side business and stay motivated in every process. I will not sell all of my Bitcoin because maybe someday bitcoin can go up and be stable again and i will also not leave this market forever. I am still accumulating Bitcoin because there is a big chance that the increase will occur in 2020-2021.
587  Economy / Trading Discussion / Re: How to control your emotions while trading?👨🏼‍💻 on: October 25, 2019, 01:38:19 PM
You can't control them unless you embrace them, and become aware of what you're doing and why, at the time you're experiencing the FOMO. you can arbitrarily force yourself from trading in case of a loss. take a breath and hit the treadmill. if you lose a trade, hit the treadmill for 10 minutes or so. it'll do wonders for your state of mind.

Furthermore you shouldn't worry about your trade and focus on yourself. if you get yourself in the right mindset, then your trade will follow you. occasionally you'll get a few situations you can't deal with along the way but hey, it happens, don't worry about it. you should use whatever means you use to calm yourself down whether its deep breaths, your favorite music, happy thoughts or something you know you better than we do.
588  Economy / Speculation / Re: BTC Plunging to $6K before Big Recovery on: October 25, 2019, 12:30:12 PM
BTC Plunging to $6K before Big Recovery
I hope for this before the increase in price from next year but we all know the bitcoin bull will build a support wall to prevent this from happening. If Bitcoin drops around $6000, i can take loan from a bank to buy at least two bitcoin, because i am sure price of bitcoin in another six months will exceed $15,000.

Bitcoin has always experience bear effect and it's volatility is too high. In few hours, Bitcoin can shed $2,000 , this is too much and that why some panic traders don't like investing in it. IMO, bitcoin will go higher soon, but the price has to break the resistance at $10,800 and retraced to touch it as support. it could be clear indication of bullish market. however a lot of Resistance could hinder the price from moving upward the next resistance is at $8,800-$9,000 if its broken then the price will reach $11,000 and upper.
589  Economy / Speculation / Re: Are we looking at Bitcoin down to $5K? on: October 25, 2019, 12:15:16 PM
It is really possible that the bitcoin dump around $3000-5000 and it is possibly because of the bear market that is happening right now. There is some assumptions that the bitcoin and the Cryptocurrency will continue to fall down before 2020. if trust or interest would withdraw from bitcoin then it can happen quickly as fast as in few weeks or couple of days.

The market now is bad, and the range of the price is $7000-9000$. I just hope that the price of bitcoin will continue to grow like the price of it in 2016-2017 that is very high. Just continue believing on bitcoin and do not lose patience. A new bull run is coming in 2 years and do not take after all the sources of information that only have the role of misinformation. Their purpose is to panic in people to sell their investments and they can buy at a better price.
590  Economy / Speculation / Re: Fun Fact: Bitcoin Price is Up 838,000,000% in Ten Years’ Time on: October 25, 2019, 12:08:27 PM
I am confident that the growth will slow. Now someone dropped the price down and purchased on the cheap, raising the price up again. the bitcoin price after its halving reward is still unpredictable, but i hope it will reach or maybe pass the ATH price, and i hope the past halving trend will happen again in the next halving.

Everyone is curious about this event, all assets go through a cycle which includes bear and bull market. We had 3 cycles which are almost identically same 4 years. Now we passed 2 years in bear market. It is ready to see the bull run. After years of studying i came to the conclusion that Cartels who control the market will not allow bitcoin to be not-profitable for miners. The system must go on for them as they are making billions of dollars from it.
591  Bitcoin / Bitcoin Discussion / Re: Is this why Bitcoin is crashing? on: October 25, 2019, 09:49:08 AM
Basically the same thing that cause the Wall Street crash. Bitcoins value isn't really tied to anything. You can't buy anything with it. The only reason it has worth is because people want it. If everyone sells at once the price goes down. This panics everyone else who also sell all their bitcoins. Value goes down

Thereby the real answer is anything that would tempt or cause people to sell it at once. economy tanks and people need money? They'll sell their bitcoins. Bitcoin spends a little too long going steadily down? people will sell. And once people start selling the price will drop, meaning even more people sell. But the horrific part is people are buying bitcoin as an investment rather than an alternative form of payment.

What this means is that people will only keep buying bitcoin as long as its value keeps rising and they think they can sell for higher. But once the increasing valuation will slow, there will be a massive sale of bitcoin because people will try to move their money. The price will drop drastically and the people who haven't moved their money will lose basically their investment.
592  Bitcoin / Bitcoin Discussion / Re: Is Satoshi Nakamoto a single person? on: October 25, 2019, 09:19:01 AM
I think, if Satoshi Nakamoto was a single person, he was Hal Finney. I think it’s even more likely that “Satoshi Nakamoto” was more than one person. And I still think Hal Finney was part of that group.
https://www.coindesk.com/team-satoshi-is-running-again-this-time-for-bitcoin-pioneer-hal-finney

But i think Cryptocurrency is likely to be better if it's creator and owner is not found. let Satoshi become a legend in Cryptocurrency. We all really have thanks to him for his biggest creation. not important Satoshi will appear or not for me, because the most important thing is that Bitcoin still exists, and bitcoin can do it changes in the world economy for the better. with bitcoin many people are financially changing. thanks to him, he did a great job. If you know who Satoshi Nakamoto is, keep your secret with yourself.
593  Bitcoin / Bitcoin Discussion / Re: What should we do ? on: October 25, 2019, 09:05:44 AM
India has one of the biggest market for Bitcoin in the same level as that of China but its present leadership seems to be not enamored to cryptocurrency and is planning for a total ban instead of a strict regulation. Let's hope that cooler and better heads prevail on this issue as it can be a disgrace to see India go in the way of China.

I think there is a chance of seeing good growth by next years. There is a lot of positive news on btc. It is clear that BTC is interesting for investors. Platforms for attracting capital from big investors are opening. If you are going to hold on for a long time then you will eventually win. exactly no one will tell you when it will be to the moon. just be patient and keep accumulating BTC. but right now the bitcoin price its a crazy volatile, means you can get some profits and holding it's not a best idea, I recommend trading if you are professional.
594  Economy / Speculation / Re: Will bitcoin hit a new low since 2018 on: October 25, 2019, 08:52:19 AM
There is a pattern. It's logarithmic with powers of 10 in this case. It hits above a power of 10 for an all time high, then drops to somewhere around 50-60% of that, then slowly climbs back to that old ATH, sits around there for a while, then shoots up to the next power of 10 for a much higher all time high. Repeat

3 years of profiting in this market. Even if we dip to $3,000 I'll continue to buy. I bought at $6000, and continued to buy at $500. I'll never stop buying. I take profits every once in a blue moon, but that's only when certain benchmarks are hit. Like the first time I broke 0.2 mil, took $20,000 in profits and injected it back in on the dip. Same when I broke 1 mil. Next profit I'll take is when I break 2 mil. Which isn't too far away with the halving coming next year. Personally I'd love a huge dip like $1,000, but it is very unlikely with bakkt has already come.

If you're currently feeling FUD but you're up, ask yourself how much you'd have to cash out in order to make you immune to FUD. Maybe that's your best option. Don't let emotions control your decision making.
595  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Traditional Payment Processors on: October 24, 2019, 06:51:29 PM
Unfortunately banks have an enormous amount of power and privilege on the global stage and thus such regulation is necessary for Bitcoin, but it will beat traditional payment processors for below reasons:

1) It is more secure. No email/password combo, one time address that can basically not be traced. 2) It is faster and easier, no dealing with long forms or verification. One click, payment sent. Businesses like it because it's like getting cash instantly. I have to wait a week for CC charges to clear and 4 days for PayPal, but BTC is nearly instantaneous. 3) It is Decentralized. No worrying whether PP will lock your account and take your funds. What's yours is yours. In this vein, businesses have more say and control in how they receive their funds.
596  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't just an investment, it is the future on: October 24, 2019, 06:30:33 PM
Cryptocurrency with its blockchain technology has great potential to replace the current conventional payment method, but in some countries, there are still problems with existing government regulations. several other issues such as price volatility and hacker problems are also still things to consider if it will be used as a payment method to replace fiat money. For now, the cryptocurrency struggle to become an alternative payment can be fairly heavy, but it does not rule out the possibility that in the future it can happen.


597  Economy / Gambling discussion / Re: Problem gamblers what can we do to help them help theirselves? on: October 23, 2019, 04:55:50 PM
I've read that learning mathematics is supposed to help gambling addictions. Knowing just how bad your odds are in most gambling situations is supposed to help out. So go start reading up on statistics and probability. If nothing else, it will make you better at poker and maybe you can start winning.

Another recommendation, sit down right now and write a letter to your future self. Put down on paper what you are feeling and experiencing right now. The idea is to bottle up this shitty feeling so you can experience a dose again in the future when you get the itch to go play poker/dice again. Anytime you feel like going to the casino again, read the letter.
598  Economy / Gambling discussion / Re: The secret of gambling? on: October 23, 2019, 04:38:36 PM
I think there is no secret tips. Make your own strategy and stick to it. And don't be greedy. Always play with a budget cap and stop when you’ve reached it — The most important rule of online gambling is to stop when you can no longer afford to lose.

If you search for a winning strategy i must say there is no secret of winning in gambling. It all depends on your luck and control over your emotion and greed. at the end of the day, you will always lose more than you win. You can try a variety of tricks, it may work for sometime, but you don't know when it gonna stop working and make you lose all. So, if you think gambling as a way of becoming rich, its absolutely wrong, rather it'll make you poor.
599  Economy / Speculation / Re: Bitcoin’s Rise Neutralizes Bearish Mood on: October 23, 2019, 04:23:56 PM
And just two days after this article was published, we're down to 7500, classic Bitcoin move, crushing down any type of hope the media spreads about a shift in market sentiment  Roll Eyes
When the price went from $4,000 to $9,000, we started cautiously saying it would probably correct. then we celebrated since the correction didn't happen immediately. now it corrected and they freak out. If we broke $20,000 without a gigantic correction, then I would legitimately fear a bubble. this complete wipes all my concerns of a bubble. this makes 2020 more promising, now we are poised instead for another X% gain over 2020. Bitcoin could very well break $30,000 to $50,000 next year.

In my opinion, it crashed because it had to. because it went parabolic, and everyone and their grandmother bought it without knowing what they were getting into. i am completely chill but enjoying all the panic.
600  Economy / Speculation / Re: Bitcoin is going down...now at $7,654.85 on: October 23, 2019, 03:45:00 PM
No need to panic just because of the simple reason that the market is down right now, remember Cryptocurrency and Bitcoin are volatile in which it can change anytime. I think this is the good opportunity and don't need to panic, just buy or invest right now, then you can earn a lot when the bull run comes.

Everytime the price goes down people start worrying and panicking. It's a normal reaction because for most of them their money are in game. for those who already understand the cryptocurrency ecosystem and bitcoin movements, changes in price up and down charts are not a problem because we know there will always be a bounce someday. Bitcoin is a long term investment, just wait a few years and you will see the true potential of it.

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