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681  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think altcoins will be used for in the future. on: November 26, 2019, 05:02:52 AM
The only place I think altcoins has a future in is gambling, normal gambling but first and foremost e-betting.I can not see how it will take over  from normal currency's in the world of buying or selling any other goods then btc. The main reason I think this is that nobody wants to be that guy that bought two pizzas for 10000 btc 5 years from now, so i cant really see what else it has a real future in. But that is only my opinion, What do you guys think?
Altcoins are good alternatives for e-commerce too. Some altcoins such as XRP are good coin for instant transactions. It processed faster than Bitcoin and charges lower fee. The main reason why people would prefer Bitcoin still is because of its integrity, security, and volume of its holders/traders.
I agree to you, altcoins are also using in e-commerce nowadays. Not only bitcoin are been accepted by many merchants, there are also altcoins that are now can be use as mode of payment like litecoin and bitcoin cash.
682  Economy / Economics / Re: How many bitcoiners on here have actually used bitcoin/crypto for commerce? on: November 26, 2019, 02:04:52 AM
most of us have not used crypto for shopping and I am finding it difficult to find a reliable site to purchase goods as most of the sites which accept crypto are either shady or Grey sites. But there are some e-commerce projects based on crypto which will give a push to crypto usage in terms of shopping.
Before we even come down to the issue of having a reliable site that is accepting cryptocurrency or bitcoin, I don’t think that I have even seen up to 10 companies that are accepting bitcoin out of the millions of companies that we have.

I understand that adoption rate is still very low, but even with the low rate of adoption, there are so many companies that are holding cryptocurrency here today for the purpose of bull run, and I think that it is high time that many people start introducing bitcoin into their own platform for payment and not just buying bitcoin alone and expecting that it will rise without adoption. What will create adoption more is when there are places where we can spend our cryptocurrency. It is only in the gambling section that I can say that they are trying.
Then you should again do some research. I can bank on this that only the number of gambling sites that allow playing with bitcoin is more than 10 in numbers. Bitcoin is a digital currency, belonging to the internet first. It is highly being consumed in other webs by users. Also, it is just a matter of time before bitcoin goes mainstream. Starting from ten companies, it will get accepted by millions of them. A bit of patience is required.
We cannot calculate the exact people who are using cryptocurrency for commerce, but in my own analyzation, most of them are using it for commerce we they are actually using their own crypto to support particular projects and ICO. We actually call it e-commerce because using cryptocurrency since it is digital money we are using it to electronic commerce to purchase goods or support a particular campaign by investing because we are purchasing also to them. In terms of using crypto, I can say that it is way faster than any transaction physically since the internet is being used.
Actually there are now online shopping platform that are now accepting bitcoin as payment. Bitcoin is now considering as an asset and the demand to it is continuing to grow. Actually, many more people are now prefer to use it than fiat money in terms of payment.
683  Economy / Economics / Re: Top Three Emotions to Check to Succeed! on: November 25, 2019, 02:46:44 PM
Emotion to me is a thing to get ride off because it can pull or push anyone into what they never wanted in life. Most importantly, emotion should be control towards succeeding in this cryptocurrency world, if emotion are not been control there's the possibility of given up on the industry due to it volatile nature.


You should control your emotions but not to get rid of it because its a good source of will power and guts. Only negative emotions like anger, depression, or frustration should be removed. Those positive ones should remain intact.
That is right to me, it is insane to get rid of emotion, and if we liken it to real life emotion, we will be nothing but a heartless human being which is not a good thing. For trading, I understand that emotion sometimes do cause lots of damages, but at the same time too, it has its own advantage too like one of the one you just mentioned too out of many.

We need to only learn to control our emotion, learn to apply it where necessary and then remove it where it is not necessary. In trading though, emotion is usually what causes people to fall victims of panic sell and also victim of FOMO, but no matter how much we think we have killed our mention, you see those two things is not really easy to deal with, we just have to try our best in managing it and leaving the rest to God.
Trading pyschology is the 80% of a succesful execution in trading. I've been studying it in many years now and thats why I fully understand my self and it helps me to improve my decision skill making.
684  Economy / Speculation / Re: Bitcoin prices are dropping too much... on: November 25, 2019, 01:27:14 PM
You cannot predict what will be the lowest price the bitcoin will be in this year, but one thing is sure; you can make money if you will buy if you saw a market reversal pattern like double bottom or inverse head and shoulder.
685  Bitcoin / Bitcoin Discussion / Re: It’s dying for the 378th time, so when’s the 379th? on: November 25, 2019, 10:46:46 AM
Everytime the market is crashing, I do not know why there are people saying that the bitcoin dying. Their claims are nonsense and they need to change their perception about it. The market has lifecycle where the price is not always going up and vice versa.
686  Other / Archival / Re: Is KYC benefit to crypto people or not on: November 25, 2019, 07:29:25 AM
centralized exchange / ICO / IEO must follow government regulations. for a security and safeguard member assets. then they must provide valid data to the government to prevent fraud. I think the benefits are many, if fraud occurs. someone can report that. but basically crypto is decentralized, privacy, anonymous so that it does not require personal data. I think using or not using KYC is the same. but to make real money, KYC is needed.
For me KYC is not needed, our identity is at risks if we will upload our identity and our i.d. in the internet. I know that KYC is needed because of the regulations of the government but still we cannot know if our identities will be safe.
687  Bitcoin / Bitcoin Discussion / Re: Crypto Currencies VS local law policies on: November 25, 2019, 03:49:53 AM
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired. 

First of all, cryptocurrencies =/= blockchain, or blockchain =/= Bitcoin. There are countries where blockchain is much appreciated even if Bitcoin is not. Even a good number of banks are appreciating the blockchain technology, even using them, but they are not in favor of the likes of Bitcoin and other cryptocurrencies. In my local setting, a few banks are already playing with blockchain but a mere mention of Bitcoin or cryptocurrency when opening an account could be enough for your application to get rejected.
My country is favor to the blochchain technology but not favor to the ICOs and STOs. There are now many news and issues about scammers and it is the reason why my country doesn't regulate ICOs and STOs.
688  Economy / Economics / Re: what makes us good investors. on: November 24, 2019, 07:11:08 AM

1. patient is good for trader. they no need to rush, when buy or sell their coin. sometimes people will follow the other people because their emotion to weak.
2. money management is the best thing you should know. best trader can manage, how much they spend their money in every opportunity, how much they save their money.
3. this is important, to not lose your hope. every people hope needed to apply expectations, increase success.
For beginner traders, learn how to have enough patience and learn how you will manage your emotions. You can avoid huge losses if you can manage your emotions very well because you can create effective decisions.
689  Economy / Trading Discussion / Re: So traders, how much You lose? on: November 24, 2019, 04:07:45 AM
There is no perfect trading setup that exist, it is a reality that all of the traders who experience loss. I know a lot of setups but still I keep losing in trading, but the loss that I experience is only small because of my good risk and management.
690  Economy / Economics / Re: Your Source of Investment Money? on: November 24, 2019, 12:27:56 AM
Capital is one of the main reason why other people have hard time on making investment with cryptocurrency. They do not knpw where they will get funds for them to start investing. Savings and salary can be a good source of capital. My capital is from the salary that I got from my day job and I using it in investing in the market.
691  Bitcoin / Bitcoin Discussion / Re: When the market goes down remember this... on: November 23, 2019, 02:04:10 PM
I don't worry or scare to see the market goes down because I believe that is temporary and it's normal to see that is happening. We cannot expect to see bitcoin price or altcoin price at the high price every time, but there will be a time for bitcoin and altcoin to go down, and that is what we see now. We need to be patient, hold your bitcoin while you will see bitcoin will be back to the high price. This is our chance to buy bitcoin and if you have money, don't miss this discount time because it will hard to see this price in the future.
I always remember that there is a market life cycle where there are 3 trends that happening, the 3 trends are the bullish, bearish and sideways. The price will not forever be bearish and that's why I waiting for a market reversal for me to enter the cryptocurrency market again. 
692  Economy / Trading Discussion / Re: Are you holding Bitcoin? on: November 23, 2019, 12:13:30 PM
I do not hold bitcoin but I trading it. I recently sold all of my bitcoins after it got breakdown in its recent support at $8800. I have risk management so I just doing my plan for me to minimize my losses.
693  Economy / Economics / Re: How to prevent fraud? on: November 23, 2019, 11:13:52 AM
Everything that sounds too good to be true it's suspicious, start with that. Among so many projects and opportunities sometimes it's hard to decide what to choose and what might be a scam but always check every information you can and try to do background check, internet can help you with that. Don't be tempted with promise of high profit, that is very often a trap.
You should be suspicious if you see something on internet that offering high returns in just few days or weeks. There are many frauds issues because people do not considering the risks. We should always be careful when we are putting our money in some investment. Scammers are increasing so we should have knowledge to protect our capital.
694  Economy / Trading Discussion / Re: What do you need to become a successful trader? on: November 23, 2019, 09:45:57 AM
For me, the word successful trader is about "discipline". You should have discipline when trading in order for you to perform well in the market. You need also to have  good trading psychology for effective decision making.
695  Economy / Economics / Re: The Risks and Rewards of Cryptocurrencies on: November 23, 2019, 08:43:06 AM
The risk of cryptocurrency is mainly about losing money due to the volatile nature of it. Apart from this risk of instability of values, other risks can be avoided when you're careful.

There are some who say that cryptocurrency lacks acceptance and that's why they don't want to make use of it, well that used to be true, but right now there are lots of businesses that are starting to accept the crypto payment such as bitcoin. Though another problem is that you have to be careful with them or just don't use your bitcoin for buying things online.

The next thing is theft: cryptocurrency wallets can be hacked, but you can still avoid this by being careful and securing your wallet with the proper security. These are the only risks I'm sure about and they can be avoided except the price instability.
Everyone already knows that the risks involved is that you can lose your money. If you're lucky you will be able to make lots of money. Anyone who is investing in cryptocurrency should always be aware of the risks that are involved.

When I started cryptocurrency I was never aware that Bitcoin can be really volatile and I was using a Xapo wallet then and the price if Bitcoin was $250 or so. So, I received some bitcoins from someone and left it in my Xapo wallet with plans to sell it the next day. The next day I opened the wallet and logged in and realized that the price dropped down to $240+.

I contacted support and questioned them about what happened to the money and they told me that that's how cryptocurrency is, that your money can go down at any time. Don't blame me for it, I never knew that cryptocurrency is something volatile. I was looking for a payment method to use and I searched on Google and Bitcoin came and I checked and it was available in my country, I didn't take out time to research more about it since people said it was legit. It was after this incident that I decided to do further research on Bitcoin and cryptocurrencies in general.
Considering the risks and the potential reward before putting our money in an investment is important. My mentor in cryptocurrency trading told me that I should know the risks that I taking for me to handle it very well. I identified it and that's why I didn't suffer any major losses. I know what I am doing and that's why I keep surviving in the market challenges.
696  Local / Pilipinas / Re: Investing on cryptocurrency is too hard for others on: November 23, 2019, 08:23:33 AM
Yung apat na sinabi mo ay ang main factors kung bakit ang iba ay natatakot o kaya naman nag kaka roon sila ng hard time patungkol sa pag invest sa cryptocurrencies. Kagaya na lng ng mga kakilala ko, akala nila na ang cryptocurrencies ay scam lalo na kapag naririnig nila ang salitang bitcoin.
697  Economy / Economics / Re: Can a Stock Market Crash affect Bitcoin? on: November 01, 2019, 11:37:47 AM
There is a effect but the effect is very minimal. Like what happened when the stock market in my economy crashed and it was 2017; it is also the beggining of the bearish market but the cryprocurrency market in the year 2017 was a bullish market.
698  Alternate cryptocurrencies / Altcoin Discussion / Re: No good projects from a long time on: October 30, 2019, 04:33:16 PM
There had come many ICOs in 2017 and a good number of STOs in 2018 and many IEOs in 2019 but hardly a few have made it to 'relatively better than others' list.
I wonder why haven't there come potential coins like ether. The only project that looked promising to me this year was bittorrent which was lauched on binance launchpad.
But even that is not going so well these days.

Is the world out of ideas or solutions?
IEOs have the highest rating than from STOs and ICOs. Those two are now officially not popular anymore and most of investors nowadays are want to participate in IEOs because of its high success rate.
699  Alternate cryptocurrencies / Altcoin Discussion / Re: China can easily launch a coin while Facebook of coursis having a hard time on: October 30, 2019, 03:56:12 PM
of course china can do that easily because on this country blockchain and cryptocurrency industry are supported by goverment where facebook must face regulation from goverment where in america blockchain and cryptocurrency are restricted
Consider also that the person behind this two proposals have different state from their respective countries. china's coin was proposed by the president itself while Libra was introduced by facebook president and being back up by some other businesses behind. It's not a surprised that China's proposed crypto will be much quicker to launch as like what you have said, the government itself who are aiming for it to be available and useful while the Libra coin have difficulty to convince the congress.
Their president Xi Jinping are the one who proposed to create a coin in their country and that's why the process is very fast unlike in U.S, the libra coin that backed by the facebook are having hard time to pass in the congress because of the regulations.
700  Alternate cryptocurrencies / Altcoin Discussion / Re: how to invest safely in cryptocurrency? on: October 30, 2019, 03:05:37 PM
Safety investment in the cryptocurrency market is not existing, even in all kinds of investment; pure safety is not existing because of the risks. If you are speculating,you cannot also ensure your returns because of the volatility of the cryptocurrencies.
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