He had some 100,000 Bitcoins on March 2018 when Bitcoin was $10,000 to $12,000. Now Bitcoin is $6,000 Read: At least one individual in China took the term “HODL” to heart as his or her Bitcoin wallet has seen a total of 93,947 BTC transferred to it since March 25, 2018. The wallet’s address is 1KAt6STtisWMMVo5XGdos9P7DBNNsFfjx7 and it currently possesses 85,947 of the total amount in Bitcoin that it originally had, after selling exactly 8,000 BTC off. Read more: https://cryptovest.com/newsNo matter what if you don't sell then you wouldn't lose anything. Maybe he did something to lose his own Bitcoins and that would have been his fault. |
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I think most people know that Bitcoin right now is in the correction mode, but most people are confused whether this is going to be prolonged or if it’s temporary. I don’t have the EXACT answer to this but I think if we look at the Price between 2014 and 2018, we could have an answer to where things are going and whether the correction will continue or if it’s going to stop. Fingers crossed, but one got to have certain mindset. https://www.asiacryptotoday.com/bitcoin-price-correction-compared-between-2014-and-2018/Many people said that Bitcoin's price will still try to retest before going up again. But to think of it, the price of Bitcoin is just going up without stopping. |
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We cannot really provide the best solution for our investment; however, it is enough to earn a profit and say " Yes my investment really is successful" and refer to other people.
I think not all of us make a better decision especially when we talk about money matters. The pressure "risk" and the financial concerns, as well as the existing problem, may alter the decisions that we have. Thus, we can`t forecast success on investment by merely having profit because it might end up to another bunch of investors to be trapped in an investment and eventually want a scapegoat even if the outcome would be a loss. Significantly, it will give discouragement to the other potential investors.
Thus, we should not be more confident about what we get because some people may not find the fit and would result in a greater impact of discouragement as a whole. In addition, even when the intention is good, but if the person lack of courage, patience, and aspiration then it would create a mistake; and a mistake of one individual may lead to an overall conclusive distraction.
Agreed. It is still better to find those good investments for ourselves rather than making someone to guide to find a good one. We can learn how to invest right if we do it ourselves. |
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Please tell me why, because I am very upset recently, I have lost a lot of money.
Most likely, people say that this is the dip and so they recommend you to buy now. But I need little time before making sure that I should buy now or wait a little longer. |
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Bitcoin price seems to be taking u turn. Few months back it fell from the heights of the sky, if not to the depth of the sea; but certainly to the levels of earth. Many investors burnt their fingures in this dive. Many new investors have to face big loses which they hope to recover when price rises. I have little experience in stocks markets and the circumstances here in bitcoin / crypto currency market are not much different. So I share my views here. May be some members having better opinions / views / experience; are welcome to share with all' Now after long recession in the market; bitcoin has started looking upwards. In my opinion this is the time when one should enter in the market. If you are interested in medium term investment; you should start now. Because once the price rise to higher levels coins will be costing you higher. First of all this market is full of speculations. So you may gain big profits but at the same times be ready for loss. Check your surplus funds which if lost does not affect your daily life. And you are able to meet your daily expenses without burden. Never use borrowed funds ; because time of return is not fixed. You may gain in 15 day and it may take months to gain that much amount. Never pledge / sell your home at any cost; because home is must to live in but without bitcoin we can survive. I am noting this point here because on many occassions I read few posts asking "Shall I sell my home to invest in bitcoin". Now suppose you are capable to buy 10 bitcoins with your surplus funds. You buy it suppose @ $7 k means you spent $70k for buying plus charges. Now you just keep pateince. Because it seems start of bull run; just keep watching. Suppose the prices crosses & 14k in the month of December this year. The best action as per my opinion will be you just sell 5 btc @ 14k and cover your entire investment. Now the remaining bitcoins in your wallet are just free for you. You are free to take any type of risk with these bitcoins. One more point need to be noted is ; never put all the eggs in one basket; invest prudently in diversified portfolios. Your comments welcome; All the best wishes to all the friends on bitcoin forum  . Pardon if I am wrong Edit sorry I wrote that remaining five bitcoins are free to you. these are not free ; you earned it after taking risk ; with intelligence and patience. mistake corrected  I have already invested on Bitcoin when it was on its 6k levels. And I am really hoping that this is the start of the bull market. People nowadays really expect that to happen. |
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So saw many self airdrops of ERC20 tokens and wave platforms in social media. They would promise their investors a cheap token price purchase, and in turn promise a good listing price at the exchange. 98% of these self airdrop never make it to exchange, and the few that get listed in a decentralized exchange get pumped for 2hrs and there after dumped forever. Why do you think people still patronize these scamming project and not study good ICOs and buy?
People chase for money and you can't blame them. Just let them for what to do for themselves and those mistakes will eventually make them learn. |
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when it comes to trading first I always looking for market capital i preferred low cap than high cap, 2nd I reviewing the activity of devs or the owner of the coin itself, if it is active or not, Im checking the github, twitter, bitcointalk etc..checking on the latest date of their post and looking for upcoming big news or events then i will enter when the coin is in dip position (dump), but nobody can predict when the coin is already on its last dip, that is why every time it goes down between 50% to 60% i always add or buy. I never sell when my coins are dump to greater than 20%. At this point I'm holding 7 coins. currently first entry of my capital in 3 coins are around 30% lose, but I added capital when it was dump in 50%, therefore 2nd entry are around 20% gain. The other 4 coins are 15 to 20% loss waiting for 50% dump in order to add more but as of now all my coins are stable losing 1% to 6% sometimes gaining at the same rate everyday. I bought those coins 15 days ago, I thought it is the last dip Your trading strategy is kinda weird since you are losing. For my trading strat, I would just find a good coin and try to cut losses when it turns around from me. |
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With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO
With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
I don't usually experience from any of those, but I do experience a lot of failures just because of my emotions in trading and because of that I lose a lot of my tradings. |
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1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto
It is just too easy to say but a hard thing to do to beginners. A lot of beginners fail just because of their emotions and I know it is hard for them to master it since they are just focused on earning a bunch of money and not on how to learn the market. |
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Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
Our banks role would still be more important in our life in the future. We should try to collaborate with Banks and not going against them. They will still be useful in our lives even though some banks are against in crypto. |
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I have worked to get $2000 worth of money and I am planning of investing in bitcoin but my uncle is pressuring me to save the money at bank. I have done everything to convince him but he is not comprehending to my point. Please what do i tell him again to convince him?
Just don't force him to do it if he doesn't want to do it. If I were you I would do ask I like for what I would do. If you want to invest in Bitcoin then you should try to research first before doing that. |
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I think to have a bull market up-coming is the best way to move all the money that you have in altcoins to bitcoin, because with market dominance of Bitcoin the market will go green, and the bull run with start, as far as I am concerned from the previous experience of the bull run more than 55% bitcoin was dominant in the market.
Suggestions?
Diversifying is still the best thing to do when you are investing in anything. I would love to spread all of my funds from many different altcoins and of course I would have the most of my fund in Bitcoin also. |
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BTC is trying to grow up and I think BTC correction period is over and it is time to break all previous record and finally reach new value. So guya what's your perdition about BTC?! Please explain your perdition.
Everybody hopes that Bitcoin will start to come up now, but all we see is just a regular price pump from whales you wants us to believe that this would be the start but I don't know if they are going to drop the prices again. |
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Digital Laundry: how credit card thieves use free-to-play apps to launder their ill-gotten gains"If you have ever played a free-to-play game you know that most of them require resources of one type or another to play. Whether it be gems, gold, power ups, or other, these resources are required to advance within the game, making them critical to the game play. Manually gathering the free resources is a slow process and one can play a game for months working to move up levels. This is where the game makers make their money. They sell resources through “In-App Purchases” to help people play the game and speed up the game play. The lure of speeding up your play is a strong incentive to spend money on resources, and many spend to play. This has turned free-to-play games into a multi-billion dollar industry. The resources even maintain value after purchase, because in many cases, once bought, they can be traded, adding to the game play. The game itself can also be transferred from one account to another. Because of this, resources gathered or bought and games built to advanced levels can also be resold. It is the selling of these on third party markets that holds the door open to the illicit activity that we found taking place. Alexander Kernishniuk, Communications director, Kromtech: "Money laundering through the Apple AppStore or Google Play isn’t a new idea and has been done before. In the 2011 the Danish part of the Apple App Store was flooded with expensive suspicious applications. More than 20 out of 25 of the most downloaded applications were from China. The price of the apps ranged from $50-$100. For example, one of them “LettersTeach”, was intended for children who are learning English letters, yet it cost nearly $78. This pointed to money laundering then, however, what we encountered now is much more sophisticated.What did we find? Following our MongoDB investigations and honey pots deployments from the beginning of this year, we did another round of security audit of unprotected MongoDB instances. In June 2018 we have spotted a strange database publicly exposed to the public internet (no password / login required) along with a large number of credit card numbers and personal information inside. As we examined the database we rapidly became aware that this was not your ordinary corporate database, this database appeared to belong to credit card thieves (commonly known as carders) and that it was relatively new, only a few months old. So we dug much deeper.
It appeared to be a group of malicious actors with a complex automated system utilizing free-to-play apps, third party game and resource resale websites, and Facebook to launder money from stolen credit cards.In one of the tables we found links to Facebook accounts. From those accounts we found links to a Facebook page in Vietnamese advertising a special “tool” , which was also only a few months old. We have detailed the evidence of this active, automated system in a report sent to DOJ. According to our estimation, system processed approximately 20,000 stolen credit cards in just 1.5 months (from the end of April 2018 to mid June 2018).(More detailed information @ source) https://kromtech.com/blog/security-center/digital-laundry .... I think this illustrates the de facto methodology criminals utilize to launder money. Terrorists, criminals and drug cartels do not commonly use bitcoin to launder money, as far as I know. Instead they use facebook and the apple store.  This is nothing new. I remember reading many news stories like this one over the last 5-10 years which do not receive much publicity. Creating a fake app and "purchasing/selling" it is the most common and heavily utilized method to launder funds over the internet. This method is much less transparent and difficult to trace than utilizing a crypto currency like bitcoin. Well, you can do that anything as you wish. Criminals are starting to evolve to and they prefer not to be left out on the new way of bringing criminality. Most for it, maybe our authorities might find a way to catch them eventually. |
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Anything could be done to anything. Fiat can also use for such things as child pornography. It is all over the world but people usually do it for money and no one can stop it. |
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as above, bitcoin went up but I am a bit bearish but was bearish last week and this today it goes up. how you view it? bearish or bullish? and why?
All of Bitcoin's timeframe is bullish my friend. But if you doubt it and many people will then the price of it will be bearish also. But for now, it is bullish so why won't you just join the ride? |
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We are all into Crypto for different reasons, Goals and aims, but one thing is for setting (Money) we all want to make in this industry.
Be a hodler, or a trader we are all have one goal that's to make
"Money"
Must traders lost their investments on daily basis because of the word greedy, we want to make 100% profit from a single trade, don't get me wrong, 100% profit is very much possible, but I call it greedy!
The fact is this, 90% of the market is based pump and dump, And Pump do last forever.
As traders we should learn to do away with the spirit of greedy when dealing with the market. Sell when you know you have made some profit and wait for the dip.
If you are a long term investor please don't follow all that's been said in the post, hold on to your coin
This is absolutely true. I do also take profit when I have it even though for a little of it. It would still give you great profits in the future by compounding it and try to be constant with it until you reach your goal. |
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If for example asked to choose between two options: a lot of property but the heart always feel less or not so much wealth but the heart is always satisfied?
Both options are with being rich? Then I would try to pick the second one because it tends you to be rich and also satisfied for what you have. Everybody wants to be rich and be satisfied in life. |
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Iam in a hunt for best bounty and airdrop campaigns. I have searched many sites but not got any idea on them. I have come accross many posts in bitcointalk thread but not got where to get a good bounty.
You can't just possibly find a good ICO on a day. You should try and search for the best one. And some ICOs are just scams that would get only money from investors. |
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So I see this very commonly in YouTube videos ... and in some telegram groups
Why do guys use the dollar value to evaluate the price instead of the sat value? The reason I ask is that all coins are pegged by the satoshi price, not the dollar price. So when the BTC/USD price goes down ... everything goes red naturally ... the exchanges do not report the same thing because they are in satoshi form, not dollar form
If you change the combobox from USD->BTC on coinmarketcap ... you get a different view of the crypto world
So why is the USD value more important than the satoshi (or eth) value of anything other than Bitcoin (and Eth)??
When I trade Bitcoin pairs, I usually see the price of Satoshis and not the dollar, but when I trade USD pairs then I would look into dollars and not satoshi pairs. Is that simple dude. |
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