Bitcoin Forum
May 27, 2024, 08:30:36 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 »
661  Economy / Trading Discussion / Re: What Bitcoin Trading Tools Should Everyone Be Using? on: October 18, 2019, 10:57:45 AM
Coinigy covers almost all major exchanges with a portfolio overview which is quite useful. you can see your orders placed in the graph itself giving visual indicators which i think is a pretty useful and unique feature. the guys at coinigy are great, they do balance monitoring for most exchanges and live trading via a single interface for many.

I recommend Medved Trader, besides. it's a PC trading platform that connects to multiple brokers and data sources, that recently fully integrated GDAX into its software for trading crypto currencies. the charts can be zoomed, scrolled, changed to be P&F or Renko, with 100+ indicators available and lots of different color schemes. the users able to use all the program's features such as charting, technical analysis, DOM and chart trading, live scanning and alerts. with GDAX as the broker and data source.
662  Economy / Trading Discussion / Re: Tools to improve your trading on: October 18, 2019, 09:55:57 AM
I highly recommend Haasonline If not for the automated trading, then amazing tools and dashboards with all my exchanges API connected, it also notify's me when new coins are listed other other news in feeds, well worth the license costs. Exodus for local storage and some wallet from projects themselves. Can't forget just plain ol' Excel for keeping records and blockfolio. Have many other apps but do not use as much platforms like slack, telegram and such, Twitter, Facebook, YouTubers, and Bitcointalk of course.

Coinigy is also a great trade platform that you can perform all tasks in a single pane of glass. They also have a great podcast on YouTube where they bring a seasoned trader on and he goes over technicals.
663  Bitcoin / Bitcoin Discussion / Re: Honestly, do you guys think cryptocurrencies will be gone anytime soon? on: October 18, 2019, 08:56:47 AM
I think Bitcoin will bouncing off the $20,000, but the timing is difficult to hit with any accuracy because it depends upon so many factors. That said, the general pressure is down, and will likely continue to be that way until we pass through complete demoralization. I don't see that happening until at least May 2020, but it will more likely take longer than that. The last bear market was 15 months and I think this one will be longer.

In my opinion a key factor will be the resolution of the tether situation. There is an open criminal investigation into price manipulation, and until that investigation bears fruit or is laid to rest, it will cast a shadow over the market. I personally think that there is substantial evidence to support the view that unbacked tether issuance has been used and is still being used to pump up bitcoin.
664  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't complain for too long. on: October 17, 2019, 07:26:19 AM
I've been buying and mining Crypto since 2016 and did very well by selling some in 2017-2018 ,not because I'm some kind of guru, but because the returns were exceptional compared to traditional investments and it was time to take profits. I still hold some, because I'm very bullish on the potential for Crypto. I wish I'd bought in 2009, but still made exceptional profits nonetheless.

There is so much potential for Crypto and adoption continues apace. i am optimist, too. prices seem relatively low now, so i think you'll do well buying-in at these levels. Remember, in the case of bitcoin, there will only ever be 21 million issued, so scarcity creates value, assuming further adoption. thereby, put 70 percent in BTC. It's risky, but potentially very profitable, and has just as much validity as any other traditional investment vehicle.
665  Alternate cryptocurrencies / Altcoin Discussion / Re: Would you lend in cryptocurrency? on: October 17, 2019, 06:34:36 AM
The last option is my choice, because i have to be ready for the next bull run. the next bull run will be spearheaded by the projects that provide the easiest and simplest UI that even your grandma can use for their features. I am a big sucker of decentralization and privacy so I sometimes have to use something like BISQ to get tokens and it is honestly atrocious. So I think that in decentralized exchange niche Binance DEX and Resistance DEX will be game changers since they will probably provide the most seamless and easy DEX experience, much like Coinbase does.

So if i want to pick a winner, I would choose a project or several projects that are likely to be simple to use while still providing efficient service in the niche that i am interested in. For example, Request Network was supposed to be like that in digital payments niche, but we all know how it turned out. Nano is supposed to be the most easy to use project in the currency niche, and so on.
666  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bull run 2019-2020 on: October 17, 2019, 06:17:36 AM
I'm of the opinion that the next Crypto bull run will have more to do with some scary stuff happening in the traditional financial system. I can see some trigger like "breakdown of petrodollar system, unraveling of pension funds or major market decline" that leading to savings taxes or confiscations. I think it will be fear driven.

Furthermore, I guess once the markets mature significantly and Crypto is embedded to real world activities it'll balance out a fair bit, but I expect that will be a plenty of time for another crazy bull run. it's a matter of time, not halving event. I wouldn't be surprised if there are more crazy bubbles in a market that is so massively controlled by ideas about future potential, with easy access and clear fundamentals.
667  Bitcoin / Bitcoin Discussion / Re: Why bitcoin can not become a global currency on: October 16, 2019, 08:41:40 PM
Bitcoin will never be a widely used currency for one reason, you would rarely buy goods and services with something you think is going to go up in value. This is basic economics and the major crux of a deflationary currency. but I’m not too concerned about BTC becoming a world currency. It’s a new type of bankless credit card but it is still only valuable when it exchanges for fiat. At the end of the day you are spending electricity to hash a code and you can’t force the rest of the world’s population to take your code and give you food and gasoline if they don’t want to.

Also, guess what happens when people feel excluded or controlled by a system. they break out and create a new one. Just the same way you are challenging the banks and stock market built over the last hundred years. your kids will ignore your bitcoin wealth and create some other stupid new fad to evade your outdated system.
668  Bitcoin / Bitcoin Discussion / Re: What Makes Bitcoin Valuable? on: October 13, 2019, 07:25:55 PM
Bitcoin’s value as money needs to be understood like gold, which comes not from legal force, but from its specific attributes. Bitcoin’s attributes make it an amazing form of money or a payment system, and it was engineered for just that purpose.

It can be sent anywhere, instantly, at near-zero cost, this is one of the traits you would give it Can’t do that with gold due to physical constraints, or dollars due to legal constraints. It is scarce with a known supply and a known inflation schedule And it cannot be manipulated, restricted, or seized by any central party. Nobody has special privileges. In this way, it is very democratic, and very egalitarian. it is pseudonymous, censorship resistant and secure.

Bitcoin might not be perfect, but it’s pretty good and this is why people are using it as money, despite the fact that nobody is forced to.
669  Economy / Economics / Re: How did the Bakkt launch go? Quick recap on: October 13, 2019, 07:09:55 PM
There is no immediate impact due to the news being priced in. Maybe after one year it will start to flow through and translate into increased demand. It should be considered the Bakkt buying OTC to cover demand won't affect the price short term but it will in the long term. So as they ramp up customer activity initially there will not be much impact on price but that constant demand in the OTC market will cause higher prices into 2020 and beyond. Honestly I think institutional demand under the surface and the halving as we enter 2020 is going to trigger the biggest rally bitcoin has ever seen.
670  Alternate cryptocurrencies / Altcoin Discussion / Re: !!! SO MANY PROJECTS !!! What 's going on ? on: October 13, 2019, 06:34:32 PM
I could say the problem came at the end of 2017, there was a lot of money on the floor and companies wanted to pick it up. ICOs said whatever they need to say to raise funds and it turn out to be lies, not all the companies did it, but many actually did. The bear market of mid 2018 and beginning of 2019 was positive in one way. It kicked all the scammers to where they belong and people in the blockchain world became a bit smarter.

A lot of "companies" used and still using blockchain as an excuse to make money or attract investors. Many of this ICO's main goal was to scam in the first place and not provide a real product, combine that and the rush for gold at the time, they succeeded and raised millions. fortunately a lot of these projects disappear but when the market will bloom I bet we will see this phenomenon happen again, and newbies will probably fall to it.
671  Bitcoin / Bitcoin Discussion / Re: Why Cryptocurrency is better than fiat currency? on: October 13, 2019, 06:26:31 PM
In my opinion, people use Cryptocurrencies because they're somewhat anonymous or pseudonymous, trustless, censorship resistant, much easier to store and exchange, no need for giant vaults, easy to move from one side of the world to another and easy for rich people to hide their assets, but not because it's decentralized.

Decentralization in itself isn't really a feature most people want, it's just a necessity for other desirable qualities such as the ones mentioned above. If a government issued Cryptocurrency had such features while still giving the government the control they want and need to function, it will be used too. In fact, there are already companies moving in that direction: USD Tether, TrueUSD and many others. To get them initially you need to fill out a KYC form and from there a government investigator could just go along the chain of transactions until they know who you are.

672  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which is the Top potential coin to buy now? on: October 13, 2019, 04:21:17 PM
My answer is Nebulas. Self updating smart contracts remove the need for forks, smart contract and Dapp search engine and ranking similar to google page rank, neat developer incentive program. Goal is to seamlessly interface with the Ethereum network. the whitepaper is really technical, very encouraging that they have the chops to make it happen.

You should consider the incentive program is a great idea and shows that the focus of the team is a long-term growth of the ecosystem, rather than short-term increase in their token value. I'd much rather see money being spent on development than on marketing, which is what many projects are doing. What the dApps platforms need right now is a killer app which will prove their usefulness beyond ICOs. The platform which gets there first will be the winner.

673  Economy / Trading Discussion / Re: Newbie should trade or not? Please give me idea. on: October 13, 2019, 03:01:30 PM
I recommend following a few successful traders and learn from them. otherwise, be patient, don't FOMO into trades. Do a lot of research before you put any money in anything. Make sure you familiarize yourself with exchange interfaces and watch a lot of YouTube videos on beginner guides to trading Crypto. It's very similar to trading stocks. Do not day trade, be in it long term or months AND have rolling stop losses. If you do that you are much more likely to be at a net positive since right now is a low point of the market.

If you are hoping to make 5-10 percent on your trading a month, you're being completely unrealistic. Of course it's possible to make this, but you probably not. Crypto isn't a get rich quick scheme. Honestly, for someone who looks like they don't have a clue what they are doing, I would advise researching some projects and investing in those that you think have a promising future and just holding for a long time.
674  Economy / Trading Discussion / Re: Where to invest my $1300 USD? on: October 13, 2019, 02:44:30 PM
Congrats for your wise decision, you are never late. best to avoid altcoins and ICOs at least initially altogether until you are familiar technically with bitcoin. 99 percent of altcoins and ICOs are scams and it is best to understand the basics before investing.

Buy only Bitcoin (BTC), the only and original real decentralized Crypto. Don't mess with altcoins, not worth it, and make sure you don't fall for the fake bitcoin scam called Bitcoin-Cash (BCH), it is a centralized scam-coin that pretends to be the real bitcoin, its leader is a millionaire (Roger Ver) that was Bitcoin early adopter, but then created its own coin, he owns many sites and brands that scam people by presenting BCH as the real "Bitcoin". He was known as "Bitcoin Jesus", now he is Bitcoin Judas. at the end, Do not store your bitcoin on exchanges or webwallets.
675  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Store of Value or Method of Payment on: October 13, 2019, 12:20:12 PM
To be a store of value, a good should also have a real use, gold is used in electronics and jewelry, or at least be traded frequently. also gold does some things better than Bitcoin. Gold is not vulnerable to social attacks that can steal the name and the value associated with 'gold' and re-assign it to a new thing, as Bitcoin core have done. Gold also does not require the constant application of energy via PoW that Bitcoin requires in order to keep the entire gold supply secure. Gold also has a track record of being money, going back literally thousands of years. So if you buy gold, you really do have better assurances about your purchasing power being preserved.

Now that BTC intermittently has median transaction fees above $10-$20, BTC may even struggle to compete with gold on the portability front. Bitcoin is a p2p electronic cash system. This is what Bitcoin excels at, and has advantage. Bitcoin is only useful as a store of value to the degree it's useful as a cash system. thereby Bitcoin must remain a means of payment to be a store of value.
676  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Bitcoin crush the altcoins?! on: October 13, 2019, 12:01:34 PM
Altcoins bleed faster in bear market, not only because people feel safer but also BTC market cap is much bigger than any altcoins. It's not easy to move BTC up or down. I think people are anticipating a Bitcoin surge before anything else and want to capitalise on it. If you're down 90 percent on your TRON or whatever, you trade TRON to BTC, wait for the moon mission, then when BTC hits $15,000 or $20,000 you trade back to TRON which has dropped more, and you've doubled your stack.
677  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Next year cryptocurrency market on: October 13, 2019, 11:08:10 AM
Crypto market cap is so tiny that, I think no matter what, if stocks sell off, Crypto will explode in market cap. A stock market analyst told me that the stock market may crash soon. Just think about it, world stock market cap is over 70 trillions. Even if 99 percent flock back to gold/silver, cash or bonds, and just 1 percent into Crypto will prop it back to ATHs. Actually even more considering that less money is needed for it to move a market cap, something to the effect of 1/25. Therefore, just 0.04 percent is actually needed to prop back to ATHs. In my opinion the next ATHs will be in 2021/2022 and the real moon is in 2028.
678  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which crypto-currency for investment/trading? on: October 13, 2019, 10:39:36 AM
If you absolutely insist on buying altcoins just go to Coinmarketcap and pick from the top ten. If you insist to other altcoins:

I would to say NANO, it seems to me to be the only rival of LN at the moment. It's feeless, almost instant and it doesn't need miners. I'm using it with Wirex and it works great: I'm able to use NANO through Wirex to pay in every shop that accepts visa cards. Fees are low (2%). It's good for a backup card.

PIVX is other option with privacy, zero knowledge proofs, DAO, POS, solid monetary policy, great team, first of it's kind with many techniques, near instant transfers, stable history, has handled any complications effectively, efficiently, and morally, and more.

Other projects that I find interesting are those that return to users a part of the profits they make, with real use cases. BAT through Brave is example of what I mean.
679  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When will Altcoins come out of the Bear Market? on: October 13, 2019, 09:53:50 AM
As a general rule, past performance is no indicator for the future. It stays in the pattern until it doesn't. we never had a regulation framework setup yet, we never had this much adoption in a single year yet. Things do change if parameters change. The parameters are a lot different in 2018-2019 than in any year before. BTC and Altcoins could reach an ATH in 2020 or in 10 years.

In my opinion, it's more likely the next bull run will come between 2020 and 2021 because Crypto has never had so many developers working on solutions all at once. what drove the last bull run was the ERC-20 standard for raising money and it's likely a combination of a few projects will drive dApp adoption and fuel another bull run by enabling new use cases we haven't seen before. the bearish market is making its last efforts.
680  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin is the sleeping giant on: October 13, 2019, 09:02:07 AM
I don't care about Litecoin anymore, and only have owned it as a means to transfer from fiat on ramp to my trading exchange during BTC and ETH network congestion. in my opinion Litecoin is pretty boring in terms of development. It's value is mostly from a large network of miners and adoption by exchanges and merchants providing easy liquidity for traders or HODLers. Charlie knew all along about the direction of LTC, hence selling all his stake at the top. He didn't even announce it when he dumped, he later admitted that he sold at several points on the way up to all time high. it was the beginning of the end for LTC. after chat leaked about lack of development and no transparency, there is no bright future for this currency. If you have a lot of money there, get out as soon as possible.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34] 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!