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5921  Economy / Trading Discussion / Re: New to crypto trading - Is now the time to get in? on: January 14, 2019, 02:01:29 PM
If you are interested in going into trading or just buying cryptocurrency the best advice is to make a small deposit. By doing this, you don't risk much at all. On top of that, you can see if your interest grows or not.
It is always good to start with small capital because it will ensure your peace of mind which will be helping you move further. Most people are making big mistake in that stage. They are depositing big capital and then finding frustrating experience due to unable to manage different asset and profit/losses.

There are too many beginners that are looking for THE perfect timing to get into a market. Real traders are just looking for ONE opportunity to get into the market because there is no such thing as a perfect opportunity.
I'm not finding anything wrong in waiting for perfect time to enter into crypto market because if you have strong technical analysis then you can easily find bottom of the markets so that you can enter at the time. It is always good to wait rather than struggling later.

Trading is a lifestyle or a hobby and you either like or you don't like it. If you don't like it you should by ETF or similar products. If you like trading, just start to trade.
We must have clear idea of what we should do before touching anything. I'm just stating commonly but it is applicable for entering into trading also. I mean to say we should have clear mindset so that we can find success in trading. Trading itself is a very big struggle but we should not have confusion of going for trading or not. We must decide clearly and then should enter.
5922  Economy / Trading Discussion / Re: What is the best Bitcoin robot? on: January 13, 2019, 04:06:06 PM
I had a go at using The Bitcoin Code robot and I was promised it would win 65% of the time. I decided to give it a go and in the event it happened to be a flat day on the cryptocurrency market and it made 10 trades only five of which finished in the money. And the losses where bigger than the gains. I didn't really think 65% sounded like what I call very consistent in the first place.
Never believe into any trading bot. Because they are all just pre-programmed codes for certain market conditions and they will never react for your new condition as market is always known for unknown things. In my opinion, trading with bots is very much similar to gambling.

Because, you are believing in to someone else's skills and programming knowledge but not definitely on your trading skills and analysis. It is always proven if you go with the help of third party (in any form) for your trading, results may not be up to your expectation most of the times. Believe into your trading skills and if you are no confident on yourself then go for learning and practicing new techniques. Without that, trading with the help of bots is very dangerous for your capital one day or other.
5923  Economy / Trading Discussion / Re: other exchange places, other than poloniex on: January 13, 2019, 02:17:19 PM
People are focusing on which exchange to select too much, binance and bitmex is already up there as the best exchanges who do not scam their customers in any way or shape so there is no point of looking for any other.

If you are looking to trade in some smaller exchange because it has one of your favorite coins and big ones don't than just trade there a small number and withdraw the coins to a wallet to be safely secured, otherwise anytime you are not trading anywhere not binance or bitmex you are really putting yourself in danger.

Even coinbase who makes millions of dollars from trading fee's constantly has trouble with its customers and KYC deal and making peoples money locked in their accounts, the way these companies make money goes beyond the trading fee considering they have tens of hundreds of millions of dollars in their account almost all the time and rarely people withdraw from there which gives them option to reinvest their money into stuff that would make money for them while not spending a dime of their own money. Binance and bitmex is not like that, go with them.
5924  Economy / Speculation / Re: IS IT TIME TO BUY MORE BITCOIN? on: January 13, 2019, 01:26:21 PM
I think clearest choice would be yes considering bitcoin is as low as it has ever been (or close to it) right now bitcoin is closer to 18 month low than high, I know 20 thousand dollars looks very far away but even if the price goes to 5-6 thousand dollars that is more than 50% increase in price and that is still quite an achievement for any investment ever.

What other investments could give you a 50% profit in lets say 6 months time ? There is nothing like that in the world right now that could give you that much ROI for your investment. However bitcoin reaching to 5-6 thousand dollars this summer is still a quite achievable goal and that is why buying bitcoin right now looks like a great deal. Will it be those levels by this summer ? We don't know, is it possible ? Very.
5925  Economy / Speculation / Numerous altcoins and tokens also a reason for bitcoin's downfall ? on: January 13, 2019, 06:42:25 AM
In the past also (more particularly by late 2013 after bitcoin hit $1k for the first time), every Albert and John started their own cryptos as some people cracked down step by step guides for creating new altcoins (before it was a services by few people with some big payments). Still, bitcoin managed to beat them all and managed to gain value over the time.

But, after ethereum based tokens started evaluating, we did see lots of ICOs and then their tokens started impacting bitcoin's dominance in total crypto matketcap. I always do have second thoughts like if ethereum was not introduced or at least not if it was not heavily bumped, litecoin must have been the king of alts till now. But, now it seems if there were less successful altcoins then people would not have deviated their money into alts but they might have kept their money within bitcoins, which might have helped bitcoin to have value at least up to the level of it's today's fair value.

Is it time to regulate altcoins/tokens/ICOs ? Because, they are misleading investors and by-which making hurdles on bitcoin's progress.

Here is one recent article which will give you an idea on why we must work on regulating altcoins and ICOs:
https://cointelegraph.com/news/st-louis-federal-reserve-report-increased-supply-of-altcoins-will-decrease-btcs-value
5926  Alternate cryptocurrencies / Altcoin Discussion / Re: XRP competing places with ETH? on: January 11, 2019, 06:38:27 PM
They are really working on the "which one has the better blockchain" level at this moment. Ethereum is has utility for blockchain purposes where it is used by new ICO makers and games (dapps) and governments using stuff in carribeans last I heard and many stuff like that where ethereums blockchain is used and that makes ethereum really valueable considering you need ethereum for all of that and that increases the need for it.

On the other hand ripple is using banks to get bigger, banks after all are the biggest companies in many places of the world and thanks to ripple they are capable of sending millions of dollars in couple seconds for couple cents and that is really good for banks. So ripples bank utility vs ethereums company utility is clashing and right now one of them gets ahead and a minute later the other one.
5927  Alternate cryptocurrencies / Altcoin Discussion / Re: Physical Asset backed crypto on: January 11, 2019, 05:30:55 PM
Anybody know of any crypto-currency backed by actual assets?

I only know of one crypto-currency backed by assets.

[my note: I posted this in a thread on a different board...but don't know if I posted it in the right place]
Neither USDC nor GUSD nor even USDT is backed by "physical assets" since they are backed by dollars (so they say but I doubt it) and dollars are not physical assets, they are digital as much as regulate bitcoin, the amount of banknotes in the world are much less than the amount of dollars in the world which means there are digital dollars that is not printed.

Physically backed things are like gold coins where one coin equals one ounce of gold or something, kinda like tether but instead of dollars you literally have golds in your deposit directly and not digitally, things you can literally hold in your hand. Gold is something you can literally hold in your hand whereas dollar is something you put into your bank account. However considering bitcoin and crypto is digital, I doubt there is a need to actually back it with something physical.
5928  Economy / Speculation / Re: Bitcoin: Crypto Hedge Fund Says ‘We’ll See More Lows Before We Head Higher’ on: January 10, 2019, 06:40:34 PM
Everyone keeps on making up some sort of predictions but they have nothing to back it up. You can have as many charts as you can and show proof of whats going to happen on those charts as much as you want but in the end bitcoin is not tied to any chart at all.

We move according to good news and trends, we can see a chart that shows bitcoin going as low as $1900 but that doesn't mean it will, as long as bakkt and sec gets done we will have great news to hype us and that will increase the price together. That means instead of looking at charts, people should read news and upcoming stuff, for example ethereum increased in price only because it has an upcoming hard fork, it deserved to be more than 80 dollars but 150+ dollars was thanks to the hard fork. That is why always focus on the news and trends instead of these kinds of fake predictions.
5929  Alternate cryptocurrencies / Altcoin Discussion / Re: Buy back ICO tokens after ICO on: January 07, 2019, 07:48:35 PM
I think buy back can really help projects after ICOs, that have some level of confidence to build in the mind of some investors in a project. That my feeling anyway.
You are right anyway Wink. It is always good to buy back the tokens when the price levels are coming down too low. Because it will help 3 different people in different manner.

First one should be the devs, they are able to get their own tokens for comparatively cheaper. Second one must be holders, they are the prime factor and their concerns should be taken care for maintaining the healthy balance. If buying back will be happening then holders may come forward to invest more when cheaper tokens are available.

The last one is new investors; when buying back is happening, it will lead to bump which is an exaxt thing most investors are looking for and when they find prices are lower than ICO prices then they will definitely invest to grab cheaper tokens.
5930  Alternate cryptocurrencies / Altcoin Discussion / Re: Thought on Alts in 2019 on: January 07, 2019, 07:33:34 PM
So I would like to hear everyones thoughts on the market and alts in 2019. Not just what, but why as well. It's been a year since the peak and fall, market has started leveling off as the weak hands have been cleared out, most of the scam projects are dead or dying, ICO are no longer a dime a dozen.  What do you see for crypto in 2019?!?
As usual we can expect those major cryptocurrencies will be performing well as long as bitcoin market will be staying in positive trend. Some altcoins have already started to perform well as bitcoin market is just showed a little bit positive conditions. Ethereum and waves are such coins. I believe people will be able to make more money with altcoins investment compared to what they do get from bitcoin investments this year.

2019 may well be the year for Eth im not saying it just for the sake of it, i mean eth has serious upgrades and updates in the pipeline throughout the year
It is too early to call such a year for ethereum. Because I'm seeing many people are no more interested in to contributing to ICOs. After the series of getting scammed, most people are sharing like they want to stay away from ICOs. In this case I am not finding how ethereum will be finding its success. There were a lot of scams happened in the name of ICO along with platform ethereum. Do not know why people are not ready to trust any more ethereum based on crowdfunding.
5931  Economy / Speculation / Re: Tone Vays Is 85% Certain Bitcoin (BTC) Hasn’t Hit True Bottom on: January 07, 2019, 06:00:16 PM
I don't think this is much of a news. If you look at just couple things about Tony Vays you can understand why he doesn't deserve the spotlight given to him. First of all even OP starts out with Tony's big prediction of 7 thousand dollar max and he was dead wrong on that, almost 3 times higher was seen in bitcoin.

Lets move on to his CV, dude was a geology major, he finished college with a geophysical engineering degree, nothing about bitcoin there, nothing technological like software engineer who built blockchain. He moved to financial engineering, which is the wall streets of our world but graduated from "Florida state" university, which might as well be an online degree you get for free.

Somehow got jobs at amazing places like bear stearns and jp morgan which I assume was for couple pennies a month since it would be highly unlikely someone like him to get in places like that. The only thing he did in crypto world was being a "writer" for cointelegraph, which in itself is nothing, we all can do it. Hence he is sooooo ineligible to make any statements about bitcoin that my grandma and tony vays have same credibility when it comes to bitcoin and my grandma doesn't know what bitcoin is.
5932  Economy / Speculation / Re: Imagine Crypto and Bitcoin Currency Risks in early 2018 on: January 07, 2019, 04:56:47 PM
No it will not be worst it will become better again. Because this year 2019 is getting have more investor is will be good to pump again the bitcoin. Maybe the bitcoin and altcoins will be less risky because the market still increasing now.
Everybody is hoping for better at least this year but only time answer all of us. I'm not looking for any big differences in the risk levels in cryptos and especially with bitcoins because no environmental things has changed drastically just due to this new year. When everything will be as per what we had in the past years then why we need to worry about risks involved with cryptocurrencies. We may go for continue holding it and we may look for investing more with cryptos as usual.

Most probably this year 2019 will be a complete different year than 2018. But honestly, I'm not expecting to have another 2017 by this time because I am well aware giving bitcoin ecosystem a cooling time period so that it will perform very well in 2020 at least.
5933  Economy / Speculation / Re: Will Bitcoin Price Continue To Fall In 2019? (Sharing my thoughts) on: January 07, 2019, 03:19:09 PM
Hello,

I have just published my idea and analysis on Bitcoin and what's ahead of us in 2019. I mostly cover market cycles and what reversal signs we should be looking for.

Read: https://coinlu.com/will-bitcoin-price-continue-to-fall-in-2019/


Thoughts?  Smiley
No one really can say if the price will go higher or lower, none of us went to future and came back honestly.

I just think that the likely scenario is this is a new year and there are new stuff that we are waiting like sec,nasdaq,bakkt and whatever which will make bitcoin into a real professional investing option and with that in mind will make bitcoin available for hundreds of millions of people just like stocks and forex. That just tells me it is more likely that bitcoin will go up than go down.

However in case of mt.gox trustee selling a bunch of coins, craig selling all his coins, winklevii selling theirs and so forth we will definitely see a huge drop if anything like that happens. What I mean is unless something insane like that happens price will definitely go up but we really can't trust nothing insane will happen neither because this is bitcoin and insane stuff happens all the time.
5934  Economy / Economics / Re: Just sharing what I've learned about cryptocurrency businesses in Gibraltar on: January 05, 2019, 07:03:06 PM
The main benefit is that you are operating legally. It can also simplify things like listing fiat currencies on the exchange. The main downside is that it doesn't come free.
I'm sure I can start any business in USA if I am ready to spend as much as possible how a millionaire will be doing for starting a illegal business, for example. Because, money works everywhere and if we are wealthy enough then we can do start business everywhere not just in Gibraltar. This is how the political and business regulations are working in most part of the world. No wonders on hearing about this particular country.

As far as I have learned, Malta and few other European union countries are doing the same. You can easily start any business there given that you will be ready to invest big but your intention should be announcing your self as a registered/government recognized venture so that you will be legally eligible for fiat transactions.
5935  Economy / Economics / Re: When traditional markets fall, alternative markets fall harder on: January 05, 2019, 05:36:49 PM
The main issue in this regard with the crypto market is that the only channel to investing is through FIAT such as USD.
No, I'm having enough services to invest into cryptos with my local fiats and I'm not completely depending on USD hence it means I'm not depending on US economy with the respect to crypto investments at least.

If there's an economic crash in the US and people try to cut their investments then there will be less dollars to flow in to crypto.
Again you are wrong, when there will be a crash in US, then there will be more money flow into crypto but you're stating people will cut. Because, people will not invest into US based stocks but they will look for other investment opportunities.

Within crypto there would likely be no the same struggles, that's why low cap alts that only seem to trade BTC/alt don't have too much fluctuation in times like this.
Those lowcap markets are not fluctuating due to various reasons, one of them must be due to lack of new investors but it is very loosely tied but the downfall of crypto market as you have mentioned. There are altccoins which are performing well even entire crypto market was falling down, good example in recent times is waves.
5936  Economy / Economics / Re: Now Just an Idea or Concept will not do all the work to increase value ! on: January 04, 2019, 05:00:44 PM
In my opinion, In new Era of Digital Evaluation after Revolution, just an idea or concept will not sufficient to do all the Math. Now there's a need of valuable commodity which should be interlinked with the value of Cryptocurrency. This connected commodity will help to stable the coin.

That's just my view of observing this Market's Future. What's yours HuhHuh?
Bitcoin has an instinct value even tough everyone keeps saying it doesn't. First of all all the mining costs money which means every single bitcoin that is mined newly costed money, if gold is mined that has a value than I am sorry but bitcoin does have a value as well.

If people think gold has value for the effort need to mine it than bitcoin should be as well, if gold has value because it is limited I am sorry but bitcoin is even more limited because gold could be discovered somewhere people didn't know existed and increase the total amount whereas bitcoin will not be 21.000.001, it will stop at 21 million.

Hence, the only reason stuff like gold/silver/diamonds/ruby and so forth has value so does bitcoin and all other crypto. We do not need anything that backs it up because no currency in the world has anything backing it up.
5937  Economy / Trading Discussion / Re: Trading Tricks For Newbies on: January 04, 2019, 03:41:15 PM
It will take a very serious mind for someone to follow this strategy and really makes profits because investing when you at loses is a very hard thing to do. 
Why investing when you are at losses is a hard thing ? I don't think so because you are getting another opportunity to buy the same coin comparatively cheaper than your previous entry. You must need to be glad because you are getting better buying average prices at the same time these are all applicable only when you are believing into that coin to be bouncing back at any time. That is the reason you must choose  a coin after heavy researches, so that you can keep on buying at dips.

I believe that now should be the right time for us to learn many things about this market.
There will be no right or wrong time for learning. It is a continuous process, you must keep doing it all the time so that you can stay competitive in this heavy volatile markets. If you get bored of learning then you will be thrown out of this market at any time once you become outdated.
5938  Economy / Trading Discussion / Re: Why are Exchanges promoting Trading competitions? on: January 04, 2019, 01:00:04 PM
I see no problem with trading competitions, these people are the day traders. There are other investors who are long term holders and will be holding the coins. I believe if the project is good, it will attract long term holders. The trading competitions should not have much impact.
I am not sure what people will do in a trading competition, if they keep buying different different coins and tokens then it will give short term impact but if they buy and then sell then there will be no impact on price levels but they can still show more volume for the sake of competitions. I have seen many forex exchanges are conducting sclaping based trading competitions which is purely for showing high volume and price will never get impacted much.

It will give an impact, for sure. At least in the short term. It could increase the daily volume and no exception with the price. The token/coin being promoted will get attention as well.
If exchange is about listing on few assets for the competitions then those assets will be on top on daily volumes. Usually for example, bitterex show top volume coins in moving banners and I am sure that will attract more attentions from traders and investors but not sure a competition driven will do the same or not.
5939  Economy / Trading Discussion / Re: Meditation is essential for becoming successful trader on: January 04, 2019, 12:30:48 PM
I don't know what sort of meditation is done here, I have no idea what else to do with the market situation that meditation can solve. What do you think of when you meditate? The only that will make me win decision in trading is that if I think there is nothing to lose because after all, I got my capital from the bounties I get.
As far as I have concerned, meditation is good and it will help you to control your emotions. We are all well aware of the importance of controlling our emotions while trading. By combining these, I believe OP is mentioning about the importance of having peaceful mind for becoming successful trader. I'm not sure that meditation will give positive energy which is important for success in trading like OP mentioned.

But, being positive is always good but that will be leading to being overconfident. Being overconfident while trading is always dangerous one because we should not trade on being confident but we should always follow our technical trading analysis so that we can be trading safely.
5940  Economy / Speculation / Re: It's incredibly hard to sell when you are in a profit position, because of greed on: January 02, 2019, 04:42:55 PM
Honestly this is the only thing I didn't had any problems with. No matter when I profit I take out my profits and leave the market. I have always done the same, I have never waited long enough to lose money when I was profiting. I did had money and prices went down of course but never when I was on profit, it was always I get in and price goes down type of deal, if I get in and prices go up I sell.

Never turn down free money people, in the end it will take away more than just your profits if you wait too long. I have sold all my coins at 20 thousand for example, I knew it would go down, lately I sold a lot at 4.1 or so ranges as well, and right now I am buying more and more which will turn into me waiting for 4.5 or so and I will sell again. I don't care if it goes to 10k one day, I will buy on the road once again it will always stop to take a breather and than I will get there.
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