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641  Economy / Speculation / Re: Next Bubble on: December 15, 2018, 10:04:56 AM
I don't know when the next bubble will be but if we keep thinking about the price increases as "bubbles" than we are not going to be better off next time it happens.

Price of bitcoin skyrockets time to time and it takes years for it to recover because people think the price is a bubble all the time. Last time bitcoin went to a high price and dropped everyone called it a bubble and the price increase was for nothing and undeserved than it increased 15 times that amount and when it failed this year we are calling it bubble again.

What is the point of a 40 thousand dollar increase in price if its going to fall back down again, there is absolutely no reason to trust the price increases if everyone keeps believing it is a bubble that is awaiting to be burst. We should see the price increases as something we deserve not lucky to have.
642  Economy / Trading Discussion / Re: Binance traders are making more money than other traders on: December 15, 2018, 06:54:57 AM
I just published a study which explores how Binance traders are making more money than traders on other exchanges.

https://blog.shrimpy.io/blog/exchange-liquidity-a-comparative-study

I'm happy to answer any questions about the study.
Not only it is because there is more volume on binance but also fee is lower than anywhere else, definitely more than their biggest rivals. If you do enough trading eventually the trading fee makes a lot of difference combined.

For example, bittrex has 0.25% trading fee flat, no maker taker type of deal which means if you do 4 trades in general you give away 1% of your money right away. Whereas binance has a 0.1% fee structure if you use bnb for your trading fee and that makes it 10 trades before you reach to 1% given away. That means you can do 6 more trades for free on binance compared to bittrex.

Now that doesn't mean you will definitely profit in one of them and lose on the other but like I said earlier if you do enough trades the difference becomes bigger and bigger over time and eventually becomes visibly large.
643  Economy / Trading Discussion / Re: which is easier 1-2% a day or 20-30% per month on: December 15, 2018, 06:19:00 AM
Ok neither of these are easy but as a long term strategy to do think its best to day trade and try and get 1-2% a day or invest in a couple of coins and try and get 20% over a month
Neither of them is easy to achieve however we are missing the point of the question, he is not asking if one of them is easy, he is not asking if we can achieve any of them. He is asking which one is easier compared to other that is all. Something could be %99 impossible to achieve but if the other is 100% than the other one is automatically easier. Hence, I think we should just choose one of the options as the easier option.

If you ask me making 20%-30% per month is easier, now there is a lot of difference between 20 and 30 but there is also a lot of difference between 30 and 60 which is what daily 1-2 is suggesting. Hence it is highly unlikely someone can make ANY profit at all during these days but making 20% is a lot easier than making 60% every month. Thats why my vote goes to 20%-30% per month option. Not that its easy but its at least easier.
644  Economy / Trading Discussion / Re: How to profit from the market, bulls or bears on: December 13, 2018, 08:45:42 AM
it is easy to make money during bull no matter how novice you are in trading. Just get any coin and you will be profiting like madmen. Last year when the price was soaring like crazy there was a lot of people who didn't even know they had so much of something.
You agree it is easier but you need to choose only right assets. Because, not all the coins are having bull-run. In the past, many coin did not get kick-started when bitcoin found its ~20k regions and then got delisted from exchanges. When there are many scenarios like this, how you can say we can hit for sure even being novice in trading. I mean to say we must need some knowledge to analyse for choosing the right coin.

during a bear run it is highly unlikely that anyone could make a decent return, maybe there are some whales who can make money thanks to shorting bitcoin and actually selling bitcoin to drop the price but that's a stretch and not an easy think to do right now.
With respect to cryptos, trading in bear market is completely different scenario whereas Forex and the commodity trading, they are not treating the bull and bear markets as entirely different things. Because, you may need same level of knowledge to handle them as all the strategies and tools are applicable for both bear and bull trends. But in cryptos, many exchanges are not supporting shorting. I do not mean we must need that but making money from both bear and bull must be same as per Forex and commodity trading.
645  Economy / Economics / Re: Do we need a global virtual marketplace for cryptocurrencies? on: December 13, 2018, 07:42:11 AM
I think that we should have a global virtual marketplace for cryptocurrencies without any intermediaries. This would lower the costs of transactions and decentralize the market. What do you think? Is that possible? What are the benefits?
What you mean by virtual marketplace ? A marketplace which is existing only for internet usage ? Or buying and selling from your home but not having a business place or shop ?

Basically we all need a marketplace which will be accepting bitcoin or any altcoins payments and sending us goods without any problems. In other words, we just need amazon kind of market giants to accept crypto payments. Nothing else. We are not having any such big marketplace is existing but through gift-cards you are already doing that.

A marketplace does not need to be a decentralized one but in my opinion a marketplace should accept crypto currency payment that is a lot more important than being a decentralized one. I believe anyone can sell from amazon then why we need something new ? I guess we may ask for bitcoin payments in ebuy which is a kind of controlled decentralized place where anyone could buy or sell.
646  Economy / Economics / Re: Investor Sentiment on the Cryptocurrency market on: December 13, 2018, 06:52:29 AM
Just to clarify the terms used in my question, Baker and Wurgler (2006) gives two definition of investor sentiment:
1) The propensity to take risks and to speculate.
2) The overall sense of optimism or pessimism about stocks
I believe these definition of investor sentiment also applicable for crypto investors. As of now I'm seeing people from both these classifications. When more people joining into one side, we can see that will be impacting into the conditions of crypto market. Basically I am into the side of willing to take risk as I am believing in to the futures of cryptos.

These are also the same people who start calling crypto as a scam because they lost money due to their own mistakes because its easy to blame others for your mistakes. Those guys who stick around would realize the potential gains for patience.
All the times we are having such people into this space but they could never get any chances to impact on the continuous progress of evaluation of this crypto space. I mean to say we should never bother them as they do not have any significance with respect to cryptos.
647  Economy / Economics / Re: Why Malta is the most favored Location for Crypto Exchanges? on: December 12, 2018, 10:47:20 AM
We have seen some of the biggest crypto Exchanges, like Binance and OkEx moved to Malta and another bigger exchange Bittrex is also considering to open their office in Malta.

But why Malta?

One obvious reason is that the government announced in January that it was in the process of establishing a “Virtual Currency Act” and a “Digital Innovation Authority” and that both will provide a regulatory framework to allow crypto companies to operate.

Malta did similar with Gambling as well and it became a huge Gambling hub soon. Now, Malta wants to attract cryptocurrency businesses to its shores, and has already been successful in nabbing some of the biggest. The government had been promising to set up regulations for the industry and provide a better environment to them in future.
What else could Malta actually pull off? I mean they are a small country with no major export and they rely on other countries for so many things even including farming products as well. Hence, they need to bring money in from other countries to balance things out or they would be in major debt if they didn't have foreign money coming in constantly.

Since, they are a country that has been known to let casino and gambling world get online roots there and get tax income from those companies that yield billions of dollars every year without giving them a single headache reasons they have managed to profit from it and balance the sheets well. With crypto they will move further and if they can become a crypto hub for the world like they have been for gambling than they will become a very different version of Swiss banks.
648  Economy / Economics / Re: Should there be a tax on capital gains? on: December 12, 2018, 09:16:49 AM
Maybe a bit different than other taxes but it can't be non-taxable thing. No matter what the way of gains is it is still gains and if you made money from capital gains that is still profit. Considering most people who make money thanks to capital gains are the rich folk it would be even wiser to make that tax a lot higher than other stuff. There is tax on income which is what people live on and if you are taxing peoples income than you sure as hell should be taxing the capital gains which people with money invest into stuff and make money from.

Without it there would be more rich people and there would be more investments and that sounds good but it would hurt smaller income people over higher level of income people. Rich can afford to pay 5% more taxes but when you take away %5 from poor that turns into a vital missing amount for them.
649  Economy / Speculation / Re: December 2018: Is this a good time to enter bitcoin if you have cash? on: December 12, 2018, 08:23:39 AM
The past month has been very despair-inducing so that's not surprising. After a year where was price was already down 70%, price dropped in half again and now lots of miners are shutting down. These definitely feel like pretty dark days so everyone is losing hope.
The down fall into half in last 2 weeks felt like never before as prices around $6.5k levels seemed reasonable for most people. When $6.5k zone was sustainable for months then the current level must be a temporary one and most probably markets may bounce back to it sustaining zones at any time. Miners will join back for sure as they are true business people and they will do their business where they could find their big profits. So, this is time to enter or to buy more. No doubts.

Fortunately, "it's darkest before dawn" usually applies to markets pretty well and this is a necessary part of the process. When everyone has sold because they expect lower, we've already hit the bottom.
Yes, this is the darkest zone in last 2 years and it will move away faster than we could imagine. ETF news may become a savior. Let's hope for best things to happen.
650  Economy / Speculation / Re: BITCOIN is right now 3300 USD - Etherum 80 USD... Where is the bottom? on: December 12, 2018, 07:47:23 AM
This bad condition is still not over, maybe the price of bitcoin will fall to the price of $ 2k and ETH will fall to the price of $ 50. I think this condition will continue until the beginning of 2019.
in my opinion saying the price of bitcoin will fall to the price of $ 2k is too excessive, I really hope that doesn't happen. if that happens, investor confidence in bitcoin will decline.
I'm not seeing any bad news around to make another crash to happen. Most probably this market will not break $3.1k price levels. Because, most investors got feel about bitcoin is currently available for very much cheaper price levels and they are coming forward to invest again to make use of the current situation of bitcoin market. If this trend will be spreading out then we can assume about the bottom is already done.

Even, if this market will be breaking the strong support line around $3k levels, it will bounce back immediately similar to how it has done around $6k levels. I'm seeing good volumes on most major exchanges which is the first symptom for trend change. Expect the good things to happen hereafter because this market is poised to have positive run in long term basis.
651  Economy / Marketplace / Re: Black Friday is continuing on: December 12, 2018, 07:03:10 AM
Friends, the market continues to fall
Sometimes back, many people were sharing like only on weekends markets were trading positively. This time you are mentioning about Fridays, let me start observing on this as it will help to secure my trading based on these observations.

Quote
many experts suggest paying attention to completely different Altcoins and Bitcoin itself and buying one or another coin: Monero, Riiple, Eth and many others. What coin would you invest in? short or long?
Diversification is always good because it will minimize your risk factors as one coin will definitely rise and some others may not. This way you can get chances to average toward better ROI. I am also never recommending to go for only one coin at the same time and also I am always against investing with random coins too. You must spend time to choose your right coin so that you can get big profits in coming months.

Quote
Can it really be really easy to buy another bitcoin on the next day, or now, do you expect a fast growth of the market?
Do not expect faster growth at current times. Just look into the market conditions. It went fast and then coming down faster. Slow and steady growth is always sustainable which will be the actual growth, everyone here is eagerly looking for. Bitcoin may available for cheaper tomorrow but no one can be sure about that. Do not look at the bitcoin price levels, just buy today with your money which is affordable to lose.
652  Economy / Speculation / Re: 2019 market and forks cryptocurrency on: December 12, 2018, 06:27:30 AM
How do you think friends will new year bring  relief to the market? It seems to me that the market is just overwhelmed, forks, crushing development teams, new and new projects, all of this has undermined the fragile cryptoeconomy, I think the market is likely to clear before recovery, but what do you think?
In my observation the downfall of bitcoin prices from $6.5k levels to current levels is triggered by bitcoin-SV fork announcement and switching over of miners. I mean to say the fork cryptocurrencies are impacting to the balance of bitcoin ecosystem by some means even they are not at all related to bitcoin ecosystem like just another altcoin. Probably due to heavy pump by few whales, miners are switching over which is leading for impacting on bitcoin markets too.

Let's s focus on the new year 2019, I believe there must be some big positive news in terms of bitcoin ETF and then some county to recognize bitcoins for legal transaction similar to Japan. These are just 2 examples which may happen in 2019 and then bitcoin may go back to its previous ATH levels. I am very much sure this 2019 will be more exciting than how it was in 2017.
653  Economy / Speculation / Re: FRUSTRATED AT THE MARKET. on: December 11, 2018, 06:43:30 PM
It hasn’t been long that we saw the last bull, that’s like thirteen or fourteen months now, so you shouldn’t be expecting another bull run to take place so quickly. It is going to take time before we see another bull run take place.
But we cannot say that how long it will require for another bull run, it may start by next week also but we can be sure about some big change and big relief before end of 2019. So, do not need to make any sudden decisions as it may lead to unexpected losses by missing out the opportunities and also holding will not harm if you have invested only your excess money. There will be no need to be frustrated at this moment.

have patience, or withdraw to save yourself from further loss till there start to increase in the price and you can invest back. But if you keep expecting it now, it would be waste of time.
This is the first time, I am seeing such a suggestion but I am not ready to accept this. Instead of waiting or being frustrated, it would be much better to keep buying at every dips. It will help you to have big returns once bulls get into action. Just believe into cryptos and act accordingly.
654  Economy / Economics / Re: How to wake up a bear? on: December 11, 2018, 01:43:37 PM
Friends, what are you doing now, when the market situation continues to deteriorate, in your opinion how to take advantage of such a serious decline in order to win at least something? Did you manage to wake up the bear and get at least a small profit? Have you bought any coins in the hope of growth in the new year? I  am only waiting for the market to wake up.

Do you mean the wake up the "bulls"?

One way to take advantage is doing short tradings. One example is that if you bought at least 1 BTC when the price is like $3600-$3800 and waited for a couple of days to go to $4300 then you can easily sell them off. That is if you're willing to take that risk.

As for waking the bulls, only way to wake them up is that if we're going to hear very positive news to sway investors to suddenly pour their cash on the market again, sadly though, we might not hear those kind of news this year, perhaps a BAKKT going live or Bitcoin ETF being approved by SEC will be enough catalyst to wake up and hear the herd to start their massive run again.
Yes, it seems he is mistaking bulls and bears as these are already in heavy actions right now. When they are in action, how to wake up them, lol.

I never suggest to go for short-term trading rather I am always suggesting to go for buying at dips. The current situation of this market is very good opportunity for the people who prefer to invest some small amount which may become very big in coming years. All they need to do right now is, buying with the very small amount right now and then waiting for another dip to happen. If anything like that is not happening then they must be happy with their current holding. This is one simple way to make use of every dips.
655  Economy / Economics / Re: Who are benefited with cryptocurrency? on: December 11, 2018, 07:39:01 AM
From the bearish market it seema that there are individuals who were benefited with cryptocurrency and taken it as an early christmas gift for them. Probably those who control the market are mostly likely to be the direct benefactors of bear market. What do you think and who do you think control the market of cryprocurrency?
People who would like to work remotely are number one benefits of crypto I believe and people who sell digital products as well. First, paypal is not legal in all countries so there are some that doesn't use it, plus when you are using paypal there are too many rules and there are chargebacks and difficulties so paypal is not near the level of bitcoin can provide for someone.

Hence, when you use bitcoin and a coder you can code something for someone and get paid, if you are a writer you can write and get paid, if you are a designer you can design something and get paid, if you are a author you can sell your book, if you are a musician you can sing and get paid. Basically no matter what your talent is as long as you are not selling a hardware product bitcoin is the greatest thing since your talent goes overseas thanks to it.
656  Economy / Economics / Re: If Bitcoins aren't tied to a conventional currency how did they get so valuable? on: December 11, 2018, 06:57:15 AM
If Bitcoins aren't tied to a conventional currency, how did they get so valuable?
They are not "tied" to it but there are a lot of people who need to use fiat currency in order to buy and sell bitcoin, there are not enough places that accepts bitcoin so you can live with it forever, if every shop and store you buy things and all cafes you eat and all taxis fares you take were capable of accepting bitcoin than you wouldn't need to change your bitcoin to fiat currency but unfortunately that is not there yet.

Hence, this is the reason why people calculate the success of bitcoin with fiat currency, not really comparing the price of fiat and bitcoin but basically comparing the purchasing power of bitcoin and fiat. It doesn't mean it is "tied" but it means it is compatible, the comparison is the reason why we know how much bitcoin can buy in the real world right now.

We can't say "I purchased a bread for 150 satoshis today" yet but we can say "I purchased a bread for 1 dollar which is roughly 150 satoshi" which is the reason why it exists.
657  Economy / Economics / Re: Inflation, Deflation, and the Coming Era of Bitcoin on: December 10, 2018, 01:22:38 PM
The point of bitcoin when it came out was to be decentralized, to be apart from any control over how it works and leaving the coin to be as democratic as possible, when segwit passed it was thanks to everyone agreeing to it, there are still places that uses non-segwit blockchain as well, when lightning network started it suppose to be the epitome of fast transactions but its still tweaked and worked on and not as common as it should be because not enough people support it so far.

Bitcoin and basically all crypto is more decentralized in the sense that when it comes out at the beginning it is what it is and changing it later on is very difficult. Hence, inflation and deflation would not affect bitcoin as much as any other currency. It can have small affects because dollar will keep on losing value, it always has and that would make bitcoin more valuable but thats the all extend of it.
658  Economy / Economics / Re: Who is really hopeful about the future of Bitcoin and why? on: December 10, 2018, 12:21:46 PM
Who is really hopeful about the future of Bitcoin and why?
My biggest hope for bitcoin is more activity, right now even though the price is low and I should be sad about that the problem with bitcoin to me is that not enough people are interested in bitcoin which affects the work options here.

As a person who works freelance and get paid in bitcoin (one of the marvels of having bitcoin in the world is the easy capability of sending money from one country to another without putting any bullshit in between) it is hard to find a job. At the end of 2017 when the price was amazing there was a lot of jobs you can find and work to make money but recently that number is getting smaller and smaller while people who work for bitcoin gets higher and higher.

So, there is a big correlation between the price and work but as long as there are more work available for bitcoin I would feel great about it without caring about the price, since there are more crypto business opening up I do not really care about the price because I know there will be more crypto jobs in the future.
659  Economy / Trading Discussion / Re: Bottom is in !! on: December 10, 2018, 08:35:31 AM
People are not taking this one really seriously because the drawing is so funny it looks like a child drew it. It really doesn't make any sense compared to all other official looking professional charts. On the other hand, it had one thing right, price will keep going down.

We already have one eliminated but considering all options are there it will take some time before we know all of them are wrong. And I can guarantee all of them will be wrong, this is bitcoin and it can do anything so there is of course a chance that its true but honestly look at those swiggles, looks like a third grader was estimating how many french fries he could eat. I think the hope we have is C but we are looking more and more like B as well however even if we reach to B levels one day, it doesn't mean we can't go back to C levels afterwards neither.
660  Economy / Trading Discussion / Re: I think it is a good time for the crypto sphere on: December 10, 2018, 07:54:51 AM

This prices will defo kill many shitcoins, only the strong ones will persevere and we get them at sale prices!!
The price doesn't kill anything, the lack of funds and motivation does. I have talked with many small coin founders and I mean like really less than $10k in trading volume type of really small ones and they all say the same thing, they are planning on making so much innovation and so much furthering of the technology however they lack the funds severely.

They own their own coin and prefer not to sell it but even if they wanted to sell it the volume is so low that they wouldn't be capable of selling it by a whole lot since that would ruin the prices. Some of them even tried to buy the coins back to make the price go higher and put in some faith but instead he got back a bigger sale response from people who wanted to get out higher because of the price uptick. Hence the lack of funding is the biggest reason the small coins stop mattering and go die in some crypto corner.
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