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681  Economy / Trading Discussion / Re: To Trade on Bitmex or Not to Trade on Bitmex That is the Question on: December 04, 2018, 07:16:24 AM
If you want to do leverage trading I highly suggest trying their beta version first. They have this testnet type of thing where you can have free money there and test it for free, it is fake money and you can't withdraw it and neither would it make any sense since its fake but basically you are trying to learn how to do leverage trading while spending no money at all.

I really enjoy doing it time to time, there is basically like a "faucet" type of deal where it gives you money whenever you run out of money and you can test it as much as you want. It is great for them as well since people get hooked on there and get money and than go do the real thing and make them money however I never went into the real thing because I lose even during the test parts of it Cheesy.
682  Economy / Trading Discussion / Re: Who reads the whitepaper of a crypto-project? on: December 04, 2018, 06:32:06 AM
Just curious if you guys read the whitepapers of the projects you want to invest in at some point?
I know whitepaper should be the first thing you look at for an ICO but it is one of the last things I check before I invest.
I definitely think it is crucially important and I do not mean last thing I check in importance, it is definitely as important as anything else, I just mean last thing as in the sorting of it. I prefer to check the public hype before anything else.

If there is hype about a coin that is coming up the next thing I usually look at the team that is developing the coin and if I heard of any of them before, I mean if vitalik came out with a new coin we would all join probably.

After those are done I check the whitepaper and see if it is fixing any problem that needs a vigorous immediate solution. Last time I did all of them I purchased few coins and that didn't work for me so this is not a guarantee it will work for all the investors and all the times. Investing in cryptos is slowing moving toward a point where people simply risk their hard earned money in the name of gambling.
683  Economy / Trading Discussion / Re: Bakkt postponed to january 2019 on: December 03, 2018, 04:36:13 PM
It could be about the SEC decision on 29th. SEC has to either accept or decline the Bakkt or generally any ETF at this point until 29th December and if Bakkt doesn't wait for them and just does it anyway they will be in big danger. First of all if it gets accepted they are fine afterwards but promising people ETF sales without actually having the right to do so will cause them a small amount of trouble even if its just 2 weeks.

However, if it got rejected than Bakkt would have been in huge trouble giving people option to invest their money into something that basically doesn't really exists or legally exists. Hence they had to postpone it until the 29th in order to wait for the SEC to decide and according to what happens they will move with it. However if Nasdaq and Nyse is in this already, it means SEC will accept it for sure.
684  Economy / Trading Discussion / Re: If you have to buy cryptocurrency for 10.000USD today.... on: December 03, 2018, 07:55:56 AM
Buying anything currently in today's market could be dangerous for the health of your portfolio. But, if you're looking for a safe asset that couldn't go wrong even after showing big red candles, and does really have the potential to grow back to the levels where it was - in the past - - Go For Bitcoins.
Slightly I am not going to contradict with what you are saying. Yes, buying right now is not that much dangerous for the health of anyone's portfolio. Most probably this is the right time to buy more bitcoins. Please note I am saying only bitcoin and not recommending any other coin for investing right now. Even my recommendation may go wrong. But, if the investor is ready to wait for the some months then definitely he will get big profits. Hence, the key is how long an investor will be ready for waiting and there will be no dilemma about choosing a coin because it is always bitcoin as the right choice.

Take my advice with a pinch of salt and please look into market conditions before investing anything.
OP kind of people are not ready to their own research and that is the only reason they are coming out for this type of discussion here. I'm not saying this type of discussion is not good but we cannot expect these people to do their own research like market conditions and analyzing the future of the coin. Hence, suggesting them bitcoin will definitely save lots of hassles for them.
685  Economy / Economics / Re: Is Bitcoin and Economy rare? on: December 03, 2018, 07:24:34 AM
The prices of bitcoin and Altcoin are all declining, I am stressed thinking about the current price situation that is getting destroyed.

And I also think that the necessities of economic life are getting more expensive, what is needed is also the price of higher needs in the store.

What do you think about the current situation, will this be rare for the long term, the longer I feel stressed in these two needs.
The trouble with economy right now can be understood much better if you read the story called "I want the earth plus 5% more" which goes into detail to tell how banks loan you 100 dollars and want 105 back whereas there is only 100 in the market which means if you can pay 105 back it means someone else can't and they will confiscate his/her items and sell to someone.

With that in mind those people keep failing paying for a long period of time and the rich will get richer and be able to pay whereas poor will get poorer and will have hard time paying while making things more expensive so they can try to at least cover some part of it or at least move to the rich side.

Hence, the world owes a lot of debt that can't be mathematically paid, there are more debts than there are money out there, if there is 100 dollars in the whole world and the combined debt of the world is 400 dollars, there is no money to be capable of paying all those debts. Its just a wrong system that will keep the prices higher and higher every single day in order to be able to pay.
686  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: EtherDelta is not a decentralize exchange on: December 03, 2018, 06:35:37 AM
I do not think it is really focusing on the "decentralized" part because of the data collected and how it works to be honest with you.

The point of decentralized exchange is not the data that is stored and where it is stored but more about how there is no party that is holding your coins some place you do not want while you trade, binance for example is the biggest exchange and what do you do when you want to exchange your coins into other coins ?

You give your coins to binance and they hold it for you and you trade your coins, so basically person A gives bitcoin to binance and Person B gives ethereum to binance and binance changes the numbers and now Person A has ethereum and Person B has bitcoin but in reality all those coins are at binance not at the traders. Decentralized is trying to work on getting rid of that hopefully.
687  Alternate cryptocurrencies / Speculation (Altcoins) / Re: This is a golden time on: December 02, 2018, 06:38:37 PM
I am not too sure. The golden time usually indicates the price going up, so you would need to get in at the lowest point of a bull run. Right now we are at the lowest point of a bear run hopefully (even that is not for certain so far) and there is still no bull run in the horizon as far as I can see.

Right now, is not the golden time, golden time was last year when the price was 900 dollars per bitcoin during may month and than December came and it was 20 thousand dollars, that's about 22 times higher than your initial investment. In order for something like that to happen the price should be around 88 thousand dollars in this June in 2019 so we can say that it is the golden time, unless it is 88 thousand dollars this June, it is definitely not the golden time and I doubt it will be.
688  Alternate cryptocurrencies / Altcoin Discussion / Re: Digital Assets are Here to Stay on: December 02, 2018, 04:29:21 PM
I do agree to a point. I mean digital assets are here to stay because they provide you with great features and if done correctly they can stay here as digital payment option anywhere you buy something online, kinda like paypal when paypal was at its highest point.

Considering all of that it would be silly to consider digital assets to go away. However these people are making it sound like digital assets are here to stay as an investment, like having some stocks and gold AND crypto in your portfolio, which I hope won't continue for a long time because no one keeps dollars on their portfolio, they spend it, just like how they should be doing it with bitcoin and how I have been doing.

If you spend bitcoin and there is still some leftover bitcoins that is great but it should not be a portfolio gadget and it should be money itself.
689  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do you believe this is the highest bottom ? on: December 01, 2018, 03:55:04 PM
It should be "lowest bottom" not highest. Bottoms are not high they are low. It is not really set in stone what the lowest bottom will be, we could never know how further down bitcoin gets before it actually gets there. The point of bitcoin is to not have any governments deal with stuff like that and having it decentralized gives this type of troubles.

You need to focus on getting the price higher all together otherwise it won't work and bitcoin is destined to be a "trend" price coin since whenever it goes high it goes really high and whenever it goes low it goes really low. Hence, this could be the bottom, maybe it will never go anything lower than this but maybe it will be 1000 dollars tomorrow. Who knows ? So do not estimate the bottom because whenever we do that, it went even further down.
690  Alternate cryptocurrencies / Altcoin Discussion / Re: Do you have any experience in playing DApps? on: December 01, 2018, 11:32:42 AM
I think the point is not cryptokitties because there has been a thousand of them already, yeah we know it and we all have seen it and checked it and yet none of it really turns out to be a "game".

Cryptokitties is a collectible where you basically collect the rarest kitty you can afford and hope that one day it will worth something, that is not a game. Hell even breeding part is mainly to get even rarer kitties and all that. Hence I think cryptokitties is not a game. There hasn't been a proper game based on blockchain yet.

I have been wanting to play some but all the ones I check are very limited since they are bound by blockchain. I think it would be wiser to have "blockchain elements" instead of purely blockchain based.
691  Alternate cryptocurrencies / Altcoin Discussion / Re: What are you long on, and why? on: December 01, 2018, 10:37:56 AM
What are you long on, and why?
Bitcoin, Ethereum because both have so much potential and the price is definitely not what it should be. Let me first explain about why etherum here. Right now, the price is under 200 dollars and I was long for Ethereum even when it was 200 dollars, now it is much more appealing and I have been trying to gather as much of it as I can afford because I believe it will be a lot more in the near future.

We all know bitcoin is great and expensive and all that because it is the first one and biggest name but right after that Ethereum is the biggest currency with the highest utility. It has so many features that is used by so many different sectors that it makes it valuable. The price went down because of this sudden sell off but it doesn't really worth this much it worth a lot more considering there is always buyers for it.
692  Economy / Economics / Re: A Public Market is Turning 'Cashless' in the Philippines on: December 01, 2018, 10:05:17 AM
I know we have been moving fast with corporation adoption in bitcoin considering there has been a lot of talks about ETF and CBOE and CME and what not however this is the real adoption we should be focusing on. Mobile payments are getting more and more famous every single day and there are more places that accept that kind of stuff in the world right now than ever.

Hence, I think we should be really focusing on creating a mobile app that allows us to pay from the traditional POS machines with bitcoin but the owner gets fiat currency. That way there will be millions of people who are capable of buying anything they want with bitcoin and we wouldn't have to wait around until the shop owners start accepting it. Even if stores don't take bitcoin as a payment you would be capable of paying with it nevertheless. There are debit cards like that but we need the mobile app version of it.
693  Economy / Economics / Re: Bank Of England Brexit FUD on: December 01, 2018, 09:31:42 AM
First of all UK is a first world country and 7.5% is a bit high considering these kinds of stuff doesn't just go down out of nowhere.
Governments needs to do something that would make a lot more jobs opened up for the country, hence 7.5% means "more like 10%+ if we do nothing about it". That's not a rocket science, if governments do not intervene with unemployment, there will be consequences. Hence it requires socialistic moves that would make it go lower instead and "banks" don't like that.

House prices going down is actually really good wherever you are unless you are not a landlord or builder and what not, any regular person who just wants to have a home is welcoming that message. Interest rates that is given to you has two problems. If they go up it would mean the interest rates of loans you take will go up as well, remember those people who wanted to buy a house because the market crashed ?

Well, they will have to pay more for mortgage since the interest rates went up, the only interest rate that goes up is not the one bank gives you, it is also what you give to the bank. Also another problem is, if banks do not get enough profits in return, there is a big chance of american style bail out from government, which is a risk UK can't take during brexit deals, would create a huge step back.
694  Economy / Trading Discussion / Re: consensus invest(Price Action?) on: December 01, 2018, 08:24:14 AM
Today has a very importante event, Bakkt and SEC bosses will talk, we will know what the Jay Clayton chairman of SEC thinks about crypto, if it is possitive we may see a price action today, link to watch live , https://www.coindesk.com/events/consensus-invest-2018/live
Nasdaq plus Nyse plus Bakkt all will have a bitcoin ETF that they will be working together.

January will be the month that we see bitcoin getting more investors from outside world. Normally we should not be really excited for something like ETF because that is not money directly going into bitcoin but more like betting on bitcoin price however we have been going through one of the worst bear markets ever in bitcoin history (only rivaled by the famous 2014 one) and anything that helps shine a good light on bitcoin will be really accepted as a whole during this time.

If I was asked about the same question a year ago I would say lets not get any ETF soon but when asked now I am welcoming ETF as something we have been really needing. Hence I think it is great that all three of them are opening their investment options to bitcoin.
695  Economy / Trading Discussion / Re: PRICE STABILITY on: December 01, 2018, 07:34:17 AM
Do you agree if Bitcoin finds a meeting point for stable prices in the range of $ 4000 - $ 5000 ...? and I think you might not agree but if you look at a few weeks until now, this is what happens to the price of bitcoin still at $ 4000 maybe this is the best way for bitcoin or bitcoin that is still in transition
Last time we all thought about a stability was between 6 thousand dollars and 7 thousand dollars. You can see what happened to that. As soon as people start to think that market is going stagnant, bitcoin price does something we can't imagine. I hope this time it will be higher because if it goes anything lower like it did last time we are really screwed.

If the market drops like 20% once again we can't really afford it. Hence never believe that bitcoin or generally crypto prices will be stagnant for a long time because even if it stays like that for 5-6 months in a row, it will move to a direction very quickly. Last time it went from 6.5 thousands to 5.4 thousands in HALF HOUR, which was record breaking loss at a record breaking time. Hence, always be prepared for something like that.
696  Economy / Trading Discussion / Re: To-do list in a bear market on: December 01, 2018, 07:03:32 AM
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically

Any tips to offer people new to cryptocurrency?

Look at the history.
That is what I always say instead of explaining everything to them.
I dont want them blaming me for I have been the one to push them. Better to just let them do the decision and let them look at what happened before and summarize it.

One problem with being a human. You always look for someone to blame it to, even if you are the one who really made the choice.
No one can push anyone into doing anything, you can only do your own best by trying to advice, but it is not on you when they finally make that decision.

We people need to understand the fact that the market is still very young, and volatility is a norm but the simple truth when it comes to the market is to make sure you are at least trying your best to make sure you are at least not missing any good chance the market gives you considering the long term perspective. One thing about this life is that the opportunity you are seeing now may not come again, so it is best to utilize what you have in your hands effectively.
697  Economy / Trading Discussion / Re: Best charting software for cryptocurrencies? on: November 30, 2018, 06:42:00 PM
I do not know why you need a software for it but if you consider web development as a software (which it is) I think the best one is tradingview. If you check tradingview you will see that they have all the indicators you can look for and their charts are amazingly detailed which can give you whatever you want with the instructions you would give it. Not only it helps you check the charts the way you would like to but it also allows you to open it for public so everyone can see and even sell it to everyone. You can also check others at the same time which would allow you to follow people who have been doing very well on chart trading and so far has found the right movements there, it allows you to see if the person has been right or wrong so far and you can purchase their indicators that way.

Try Coinalyze https://coinalyze.net/
Hearing this for the first time. Let me check and then review here. Thanks for sharing.
698  Economy / Speculation / Re: Don't sell your bitcoin expert warn. on: November 30, 2018, 05:35:56 PM
hi guys today I see this news which some expert says that hold your btc and don't sell.
Here is link check it--- https://cryptonewsreview.com/dont-sell-your-bitcoins-experts-warn/
It doesn't really matter to people what someone thinks about what they should do with their bitcoins or not. Bitcoin is not something that can be predicted beforehand and it can move any way it pleases. In the last 12 months if you check the prices bitcoin has gone from 3-4 thousand dollars to $20k in just 2 months, than dropped from $20k to $6k-$7k in just 6 months and stayed in those prices stagnant for another 6-7 months and right now it has gone from $6k-$7k range to $4k in 15 days.

It means bitcoin can go up, go down, stay same for long periods of time and react very quickly if needed be. Hence, people should do whatever they want, if they want to sell they should, if they think it will go down they should sell and they might be right, they might be wrong as well but it is up to them to decide, noone has future seeing machine yet.
699  Economy / Speculation / Re: Record falling. What to do? on: November 30, 2018, 08:55:20 AM
Friends what will you do with your cryptoassets?
Always make plans ahead, so that you don’t get confused when things like this are happening. It’s best to take actions early, have it in mind what to do every time, whether to sell your Bitcoins at a certain rate when the price starts to fall or to continue holding it till there is a change in the market. If you have lost a lot, then its best to just leave your money there, cause selling it won’t make any sense.
Yes. Learn from your mistakes. That's rule number one. Everyone had their own story in this year (and maybe lets add in last years December into that) and we all lived in a different life in a different situation so what I learned this year doesn't really mean anything to you because what I learned is so much different and doesn't apply to what you have been this year.

Hence, everyone had their own mistakes and their own problems and all should learn from it. If you can go back to the whole year and without any hype or emotions just check without any doubt what you did wrong and where you did wrong, you can improve it next year. Even if 2019 is not a good year, you have been in a bad year and learned from your mistakes so your 2019 will be alright without any mistake you already know how to avoid.
700  Economy / Speculation / Re: Bitcoin is falling on: November 30, 2018, 07:20:32 AM
Now bitcoin is "increasing". This is what we have to deal with every single day, it was about $3.6k just a couple days ago and looked like there was nothing stopping it from going to $3k and everyone was taking their positions based on that considering selling at the time and rebuying when it reached to $3k to increase their position.

Look at us now, it is about $4.2k all of a sudden, went about 7% or so in one day, not like it matters considering we have come from $20k (more recently $6.5k) so it wouldn't really matter to us when it moves from $3.6k to either $3k or $4.2k but it is just a small example of how bitcoin never does what you expect it to do and always does the opposite of what everyone thinks it will do.
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