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I have noticed that there has been a trend of consecutive ‘regulations’ made by various countries especially when bitcoin has started to become popular and mainstream. It was as if that the countries were pressured by how the other countries were starting to make actions towards cryptocurrencies.
Once cryptocurrencies become more widely used, it is but expected for their to be regulations to come next. Governments will only do something once it has concerned a huge volume of their citizens or when it would affect them directly or to the nation.
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I guess its human nature to hate things which is difficult to understand.Yeah i know thats some real deal psychology...thanks.
Media always runs out of topic and they just need something to criticize and a big cryptocurrency like bitcoin is more than enough for them.
I can agree with this even though if it’s just a psychological theory. I have noticed that most people hate on things they are unfamiliar with or lack knowledge on - and this doesn’t only apply with crypto related matters. There are even some critics who give out negative remarks about bitcoin even when they do not fully understand it. People are afraid of change and a coping mechanism for them with things that are foreign is to attack them. |
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It really depends on the time you have available. If you are working a full time job, it's basically impossible to day trade. Day trading also requires a lot of skill in trading, and without this skill, you may lose more money than by just HODLing.
Yeah, it's not that easy to do day trading especially if you're a newbie in cryptocurrency. If you're not that familiar about trading, better hold whatever coins you have. Do more research and familiarize the market well. But even if you're expert with day trading, it is still less risky if you just hold your coin. I definitely agree! Even the veterans in crypto trading find it hard to do day trading. If you are not well experience on how the market moves, do not go into day trading. Much better do medium or long term trading. You can minimize the risks by doing it. The well seasoned traders are able to allocate much of their time in trading because they rely on the income which they get from this. Some even consider this as a regular job because trading has been very profitable for them. This isn’t for everyone and if you’re not the type of person who can control their emotions and at the same time, be always updated of the prices then I think this is not for you. In day trading, you would be able to profit much faster as compared to hodling but there is much more risk because you may lose your money faster as well. |
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I think China can no longer affect on BTC price with buying/selling power since they close&ban every exchange and service in country.
Don't underestimate the power of the people there. While the main exchanges there aren't operating anymore, there are plenty enough alternative routes for people to walk on in order to buy their preferred crypto currency. Hong Kong is still a very easy and popular alternative route, although the question remains for how long with China forcing more pressure on them. It's impossible to prevent people from buying and selling crypto within China. That being said, 2018 is the year of the dog in China, so it will be interesting to see how Dogecoin will be doing in the coming weeks/months. I think that if the crypto users in that country are stubborn and rebellious of their goverment, they would make use of VPNs in order to continue using cryptos. VPNs have been working in that country if you want to browse freely because their government has banned the use of google and other well known sites. With the huge volume of miners and traders in that area, it’s possible that not all of them have given up despite the ban. China would still then be a big player in the crypto scene. |
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Simply because they knew the threat of bitcoins being on top of the line preferred by most people to invest in rather than putting all of their money in a bank account which earn a little fixed interest rate. And since bitcoins are not mandated by financial institutions and the government it is much easier to do transactions rather than banks.
Banks are not totally attacking bitcoin, some don't mind them some just don't care, but those who are in the Central banks are the one who does not like the idea of having a cryptocurrency since they have noticed that their transactions had affected by cryptos especially in trading/investing. I’ve heard of some central banks who are open to the idea of cryptocurrency. This must have been the case because there has been a rising number of cryptousers within the area. They say that if you can’t beat them, you join them. Not all banks have made actions toward crypto or bitcoin, and I don’t think that they would attempt to attack it. Most just don’t know what to do because they are not familiar with it and lack knowledge on the concept. They may feel threatened because it concerns their industry however banks won’t make any drastic moves toward bitcoin. |
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Many but not all gamblers are claiming they gamble for fun and pass time. I was just thinking. If it is the reason why people gamble then why not play online games? There is a lot of good and challenging onlne games wherein you can interact with other people online?
And where's the money aspect in that? Sure, online games played with friends or just random people are fun, but their purpose is completely different from the purpose of gambling. To give you an example, online gaming's main psychical aspect is rivalry and sense of accomplishment. You want to beat other people and feel that envy towards you, when others congratulate you or are angry because they can't handle the beating. You feel relaxed and happy, that's it. No real profit. Gambling gives you similar sense of accomplishment, but it also fills your wallet. Yeah you are right both give different levels of fun and pleasure,so we can't online gambling as an alternative for gambling.But most of the people doing gambling for money making so the fact is they need to risk their money if they want to multiply it. I agree.People who play online games even at home just feel pure fun and pleasure.But with gambling in real casinos,the players don't just want to feel fun and excitement but they have also that eagerness to win and make some profit.Of course they will if they got the luck somehow but most of the time,they just go home with their pockets empty but still wish to play again to win back their losses. Even when their pockets are empty, gamblers would still want to play and relive the thrill of betting. This is something that an online game cannot replicate because there is no risk of losing when you are playing an online game. You may die in the game and have another life but when you are gambling, you put something at risk and hope for it to either multiply or to lose it totally, or even worse, lose more than that. Gambling provides a sense of satisfaction once you win which may not be experienced in online games. |
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In my own point of views of why people sell their Altcoins so soon with the following reasons: - When doing day trading - Trading Crypto is one of the best way to earn high return. Buy low, hold and Sell High is the most effective formula on trading.
- When using Altcoins for very important personal needs - People are earning enough even though the Crypto market is dropping and it's time to get profits in order to fund some important projects or personal family needs.
- Last but not the least, Panic Sellers - They are the people who are concerned on saving their Crypto Assets from Market crash and they're the ones who think that the Crypto Market will be over.
There are a lot of reasons why people sell their Crypto Assets too soon but the 3 mentioned above are the ultimate reasons due to needs and circumstances. I would like to add: dumping. People sometimes believe that when a coin is released, it’s already at it’s maximum price and it won’t get any higher than that. They dump it once they have the opportunity and after this, the coin dies and the price no longer recovers. Sometimes, coins are created because people want to have profit and the roadmaps are no longer followed after the project is launched. |
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So, as cryptocurrencies become legalized in many countries, user start finding out how many taxes they have to pay when they sell their coins, but this leads to a question - can you legally avoid those taxes if instead of selling coins for a profit you just use them as a currency? If yes, then it can become a big boost for crypto adoption, until governments will close this potential loophole.
But wouldn’t be taxes be imposed as well once adoption is made and bitcoin is used a currency? Governments will find ways to generate revenue since bitcoin has been rendering huge sums of money and they would want to have some of it as well. A way for them to do that is to impose some taxes, and they may not stop with income taxes. Mass adoption may introduce a new chapter of regulations. |
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I think I’ve heard numerous news about China in the past and you no longer get suprised when their government comes up with something new and declares something that is related negatively towards bitcoin. 5 years ago, there must have been not much crypto involvment within their country so there wouldn’t be that much of an impact if that were the case. China always create regulations like this so there wouldn’t be much of a difference, I guess.
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Cryptocurrency and taxes. It is controversial topic. Noone want to pay taxet especially for bitcoin. Now this is a very profitable business and soon the government can introduce taxes on cryptocurrency nevertheless. But we can`t "touch" or "hold" it so in what way cryptocurrency might be taxed?
In my opinion, сryptocurrency may be taxed in the same way as a program or any sale or purchase transaction. Regardless of what you are selling, if you are profiting, you are required to pay tax.
What do you think?
I think yes because taxes are contribution in our society,community and country. Taxes will give fund in the technology and structure. People thinks that they can help to our country by paying taxes in bitcoin in the future. Let us say that bitcoin has already tax imposed on it and due to its anonymity so we do have options to make whether to declare it, declare half or little or not at all, so who are we making fool at? the government? We may fool the government and I myself sometimes guilty but do you think we do have difference in the corrupt officials? I doubt. We have the options to make and we do have the choice in which path we will decide, just remember the consequence it may throw against us with the decisions we made. Remember we are the creators of our own action and will take full responsibility for it after. We all have our own free will and it is up to us to determine what is the right thing to do. Laws and rules are made for us to follow but at the end of the day, it would be up to us whether to follow it. Tax may be imposed on crypto but it would be up to the user whether to pay them and consequences may follow because everyone must be responsible of their own actions. I believe that users would pay their taxes if they want to be law abiding citizens. |
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It's not bad at all for btc price to rise gradually and establish a support level. What we're currently witnessing is the accumulation stage of the whales and they are starting to create waves. Let's see if the price can recover or reach another all time high within the next few months. Just HODL.
It is somewhat rising again but we admit that it is struggling from rising but that does not matter what matters is it is surviving from the fact that is happening now in cryptocurrency that some countries banned crypto in their country and some are limiting the use of it as they want to imposed tax on it. It’s a steady rise but even though it’s slow, the price has been going up anyway. Since the FUDs have been dying down and there has been a number of good news, the price has been going up and there are not much downtrends since. It has survived a certain level and it was proven that there is much support for bitcoin because it hasn’t plummeted to bottow even when the price has gone down for quite a long period of time. |
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Facebook just follow their rules and to avoid scams who enter in ther websites.Many scams now are made and they are still studying crypto so that they cannot advertise digital currency now because they are the largest social media worldwide so they are carefully choose to promote.
I don't think it's a matter of rules. There are numerous ads and promotions out there which may or may not be scams but may till be promoted because they pay Facebook anyway. These are not cryptorelated yet may still be present in their platform. You can't totally eradicate the promotion of scams, you can only choose to avoid them. Facebook may have not wanted to be involved with cryptocurrencies since it is not yet known to have a good reputation, and may tarnish the image of facebook. |
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I have read many posts of people saying they are sorry to have missed Bitcoin. But I wonder if they realise that there have been more than 20 trains out there that could have made them millionaires. They have managed to miss at least all these, some of them as recent as July last year. It is not that you missed Bitcoin, is that you (and I) just missed many many others  NXT 2013-09-28 +1084215% IOTA 2015-11-25 +418179% Neo 2015-10-01 +354482% Ethereum 2014-07-22 +265772% And the recent ones... Populous 2017-06-24 +12181% QTUM 2017-03-12 +10091% Be honest to yourself... you did have a chance! Focusing on only the coins that have turned out well without considering the several hundreds that have died along the line is making one sided argument. In as much as there are some that have been worthwhile, for you not to have missed the train is a matter of chance and not because you are smart. Every individual investing in alts is doing it with the sole purpose in mind and that is not missing the train and the moment you are very unlucky either by your design or the activities of other individuals, you then need to wait for the next train or you forget about the train and just wait at the next bus-stop to join the train. It's basically a gamble and you have nothing much to do but hope that the coin you've invested in would have a good future. You are definitely lucky if it makes a good performance in the market because plenty of coins die before even making it to the exchanges. There are many other trains but it is likely that it may take a long time or even years before it takes off. It's just a matter of choosing the right train with the right tracks. |
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In my opinion, btc should not be underestimated. I think the price will rise dramatically in the next few months as soon as the shock has been dealt with and the coin is stable again. As you already wrote correctly, the same thing has happened in the last 4 years. The price then stabilized again in the later months and has increased considerably again. So we can look forward to seeing how the price will develop this year.  People have failed to see how far the price of bitcoin has gone as compared to before. If you are to assess the price charts, the bitcoin price has been in worse shape years ago yet it was able to recover. The noobs or those who were only able to get into bitcoin when the price was rising has mistakenly thought that the continuous price rise would be forever. The seasoned traders has expected the correction and price stabilization for the first few months of 2018 and now there is an expected steady rise for March. |
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Actually even if we don't need it, it will always come around and that is only natural because cryptocurrency works like stocks that there are certain period or time that market crashes because demand will not always be high and besides change is inevitable whether the price will go pump or dump.
A crash won't always happen - not like how corrections or price drops normally come around. Cryptocurrency is very much different from stocks however in the same way they are similar as to how demand affects their price. Price crashes only come when there a huge dump is made or when many sold their coins. When negative news or FUDs come about, people choose to sell because of their fear and this makes the price go down drastically. Most traders take advantage of these price crashes and are able to buy coins at a low price when this happens. This is what OP may have been trying to point out as a need. |
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It's a known marketing strategy to hire public figures to sponsor products in order to attract more clients and customers. This brings a sense of security and belonging for the customers, and has worked as a marketing strategy for most. I guess the same would apply to advisors and ICOs in the sense that investors would feel more secure to see an expert as a part of the team of an ICO. This would give the ICO more edge and would indicate that it's a good project to invest in.
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It is crazy and not sustainable, yet I can't think of why it might be a problem.
I guess it would be a problem if Iceland's Energy Authority starts prioritizing mining more Bitcoins rather than serving their people by providing ample energy for their homes; but I guess they all have it figured out. I just hope that equal amount of energy is given to the other aspects that needs such amount of energy to function as to not cause any trouble or chaos with regards to the distribution of energy. They can build the mining operation in remote places and will not affect the power supply of existing users. It becomes a problem if the huge energy consumption becomes detrimental for the citizens and residents of Iceland but so long as they have sufficient energy, then it won't be much of a bother to others. It's not that environment friendly because mining consumes too much energy - as said more than common households. It's not sustainable and I think that miners should come up with energy efficient ways to mine otherwise mining would become too costly in the long run. |
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Thus, both these options provide future profits and future income and tick the boxes of sound investments. Bitcoin cannot be counted in the same breath as stock and bonds. Having one Bitcoin today does not entitle you to more Bitcoins in the future, nor does it offer the promise of any future cash flow.
You can't compare apples to oranges. Both, however, are not sound investments because stocks and bonds are very much susceptible to losing it's value as well. Bitcoin is very much different from stocks and bonds and this is why most people have a hard time accepting bitcoin. It's foreign to them and incomparable to things that they are used to such as stocks and bonds. You can't compare the two because in nature they are hardly the same. People choose to hold bitcoin for reasons that are different from what makes stocks and bonds good for long investment. There's no future cash flow in bitcoin but there's the possibility of gaining profits. |
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I am calculate the profit from trading altcoin using percentage. That's to say, whatever funds i put into trading even for $14 (as you mentioned), that's enough. As long as we are observant to see price movement, then we can achieve good profits.
$14 is actually good to start investing into trading with some good altcoins as holding some coins for long term can be much profitable. Some good altcoins are at a good dip for now and it can eventually rise some or the other day which can usually give huge returns and even some coins rise up by 5x to 10x which will just multiply your amount. Also $14 can give you a $100 profit if you have good patience and you are ready to invest and forget about the coin. Day trading can be profitable for fast but small profits but I won't prefer day trading with $14 so try to get some profits from that 14$ and then you can start day trading and long term trading in percentages to get you huge returns. $14 is enough for anyone to start your trading but it won't actually give them that good profits indeed as $14 is not that big amount and some of it is lost into the transactions fees itself. As OP is new to trading and the cryptos worlds, he can try getting some more knowledge and also try to start paper trading rather than investing your funds into trading. He can move on to trading with his funds once you have good knowledge about trading and also once you start having good profits in paper trading. Paper trading won't actually give anyone any profits in return but indeed it will give them good knowledge but what actual trading is and also they can start getting good experiences which will again be profitable for the future. With that small amount, he may use it to practice trading. Although there's a chance for him to lose this money, he would still be able to gain experience and learn how to trade from it. Since he's just new in the btc field, I suggest that he should first learn about the basics of not only Bitcoin, but of other cryptos as well. You're going to have a hard time trading if you have little knowledge of the coin. It's also good to be always updated so you have to get used to constantly feeding yourself information and constantly learning new things. |
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The reasons why we have to fight scams are fairly simple:
- Scams attract regulators
- More scams attract more scammers
- People invest blindly but if given the change to understand a project based on a professional analysis I'm sure many will think twice between sending those guys money.
- You know what is worse than exit scams? Shell projects that never get finished or have no traffic because their use case is pure BS.
Very well said. Governments have opted to make regulations because of the numerous scams out there and to protect their citizens from them. Since there are many who fall victim of scams, scams still continue to flourish up to this very day. I think that the best way to combat this is to spread awareness of scams. If people are prepared and knew what to look out for in a scam, then many would be able to avoid these scams. Most scams are very clever and advanced but if you do your research first, it would be obvious that there's something fishy. If it seems like something's not right such as the promise of high returns - it's most likely to be a scam. |
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