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Yeah right! Most of the time, those weak hands lose money because they are afraid that the price will not be able to recover and they would have to cut loss so that they will still have capital and then after a while, they are seeing the price slowly creeping back up and they just cannot believe with their decision and then have regrets. It would be good if those who sold are able to learn from that trade but then there are still others who still sold and still depend on their emotions when trading which is a big no-no when it comes to trading.
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What do you think should be done?
These days bitcoins are not given directly in campaign but tokens are given and very less campaign give bitcoins purely.
What would you do?campaign or trading?
I am doing both. You cannot just depend purely on signature campaigns because there will be times when you will not have a signature campaign paid in bitcoin because upon posting of an opening, after a few minutes the campaign would be full so you should always be attentive and check the board always. You can always find a campaign in altcoin section though but most of the time it will be payable after its ICO which would be after a month or few months. In trading, as long as you know what you are doing then you can earn anytime because it depends on what you prefer if you are a short or long term trader. |
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Bitcoin's scope is not just in a particular country so it is just right that a rule regarding bitcoin should be global not just local because it would be pointless to just say that bitcoin is this or that in a particular country and then the people would just switch to VPN and then do whatever they have always done with it. However, it would be hard for the countries to have a consensus on what particular rule should apply to bitcoin because of different point of views and beliefs that somehow would be a hindrance to agree into something. It may take some time for any rule to be agreed upon globally.
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Why panic, I'm sure that the price will again be good, you just have to wait out this period and bitcoin will return to its place
For those who already experience the corrections of bitcoin in the past at least didn't panic but for those who are pretty new in the crypto scene would be in panic mode because maybe they bought bitcoin when it is near all time high or even got in when it is all time high so it is devastating in their part. They can relax if it is money that they can afford to lose but if not then then that would be bad news. It would be better if you always have a fiat available in case something like this happens so that you can buy more and in effect you can average down. |
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Price was around $300 during that time and even go lower when bitfinex was hacked but I am not that much interested to it because its price is not that valuable for me and I did not research what it is all about. All I knew is that I can earn from it because I can see it all over the social media how they invest in a cloud mining site and get back a return every day. I decided to invest on it as well too without even searching for more information. I can still remember I invested one bitcoin in that site and got back almost half when it goes offline. Because of that, I search for more info and found this forum. I guess it's a blessing in disguise after all.
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It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...
Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?
I am still trading because I can still see some opportunities to buy a coin especially in this situation when they are in red and there is a high possibility that in the coming days, they will be in green or even the next hour. I have funds for short term or day trading so I use this to play with the market for now. Bitcoin is going up now as well as with other coins so it is a good buy opportunity besides it is all about the timing of buying that you would be able to profit or not. Some would even have bigger profits during this time because when the coin goes down and there is FUD, market seems predictable so those who short it would have bigger profits. |
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What's going on is that Bitconnect is closing their lending platform permanently and releasing back their members startup capital but currently now, Bitconnect is worth just about $10 and that's shit. This is very bad especially for those that joined recently as they wouldn't have earned even half their money from the platform. I don't think Bitconnect would ever increase in value. There's so much panic in the market already and now this. Such a bad time
There are already signs all over the net that bitconnect is a scam but there are still so many people who joined the project because of the potential earnings. Yes they are paying before and it is expected that sooner or later they are going to close because they are having a ponzi scheme. Those who joined early were able to get their money back and a profit but for those who joined recently, they were not able to get their investment back. I even read that there are people who borrowed money just to invest on it and end up swimming in debt because of this. This would serve as a lesson and I hope others would learn from it. |
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China's 'Nasdaq' Tumbles To 6-Month Lows As Crypto-Related Stocks Crash CHINEXT - China's index of small cap and tech stocks - has tumbled in the last few days (while the major Chinese indices have risen), as blockchain-related stocks across Asia have crashed along with the cryptocurrency carnage. As Bloomberg notes, stocks with exposure to digital currencies decline in Asia after Bitcoin and rival cryptocurrencies slumped Tuesday amid fears of regulatory crackdowns. Bitcoin pares some of loss with 5.6% gain as of 10:03am in Hong Kong. Japan: Ceres Inc. -9.8%, GMO Internet Inc. -7.2%, Infoteria Corp. -5.1%, SBI Holdings Inc. -5%, Fisco Ltd. -5.4%, Remixpoint Co. -4.4%, Metaps Inc. -4.6% Korea: Vidente Co. -18%, Omnitel Inc. -13%, Kakao Corp. -3.2% China: Ygsoft Inc., Brilliance Technology Co. and Shenzhen Forms Syntron Information Co. all tumble by 10% daily limit Source: https://www.zerohedge.com/news/2018-01-16/chinas-nasdaq-tumbles-6-month-lows-crypto-related-stocks-plunge |
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It's unfortunate for those who invested into it especially those who invested just recently because they were not able to get back their investment. I can't say though that it is not their fault because all they need is just a simple google research and they will see all the signs of being a scam and still they push through because they can see that others are earning from it. There are others who were able to get back their capital and more capital for those early investors but for those who are late then I hope they can still get back their investment. I've been a victim of a ponzi scheme because of greediness before so I hope this will serve as a lesson to not invest in any kind of investment like that in the future.
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What is most profitable to invest for 5 years ?BT or ETH
Why stick only with one. At least you should invest in both so that if one of them goes lower and then another goes higher then you have a leverage but if you put it all in one coin and that coin tanks then it would be bad for you. There is a speculation of good prices in the near future for both coins so you should just invest in those two. Though bitcoin is the one dominating the market right now, there is a possibility that another coin would be able to surpass it and therefore it is not the one in the spot light anymore so you should just adjust your portfolio along the way so that you will not regret holding the coin for a long time. |
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Who is to say that the blood bath is only a short term trend? What if this is really the beginning of the bear market? If you all refuse to look, the signs are already there. Regulators are coming after exchanges, and in China, they are also going after the miners.
I predict 2018 to be the year of the cryptospace shake out.
There is a possibility that it will be a long-term one but regardless if it is short or long term, this is the time to organize our thoughts and think of possibilities that whatever happens, we always have a back up plan. It would be good that is only for short term but if as what you said the start of a bear market then we should always have other source of income aside from cryptocurrency. As far as I know, there are people who left their job to focus more in crypto and this is their only source and if it will last long then I don't know what they will do. It is important to have multiple source of income. |
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Hi,
The exchanges I saw till now demands a copy of my ID card to let my buy or sell anything. Is there anyone that dont ask for it? Im not happy with let my ID through internet, and I dont know how can they do with it. Is it possible to do antoher way?
Thanks
There are still decent exchanges that doesn't eask for IDs when trading. Binance perhaps don't ask for your ID unless you withdraw a bigger amount in which you need to upgrade to withdraw bigger. This is the case for Bittrex before but they already change their rule. Kucoin also don't ask for IDs as well ass Cryptopia. Poloniex also don't ask for verification documents unless you withdraw more than $2,000 daily. Etherdelta as well which is a decentralized exchange doesn't need verifications. You have various choices when it comes to exchanges. |
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South Korea ban is the new China ban since it is one of the factors that makes the price of bitcoin go down. This is the time again when those who are in crypto just recently would be able to taste the negative side of crypto since we are so joyous in late 2017 because the portfolio are in green and now we can see blood all over it. For the people who can remember the past years, China always say they would ban crypto and then other people ride it out and make the price go down which makes some people sell off their coins and then after a while, it reach all time high again. History repeats itself but they have a new strategy now since China is not that effective anymore.
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I like your site more than coinmarketcap. You have coin screener and analysis of the coins in which other sites are lacking and I also like the color and interface. What I want to see though is the recently listed coins. It would be a big help if you put the newly listed coins so that I can monitor if this coins if the coins are worth investing to. Besides, those newly listed coins have the tendency to rise up after a few days and if the developers are good then it would continue to rise. That analysis is very good though since the people have reference what coins to look out for.
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There is no need to declare anything in my point of view unless you are carrying big amount of cash. Having coins in your wallet is like having money in your bank account and since there is no need for you to declare money in your account then you don't need to declare how much is the value of coins in your wallet. Besides, if the customs inspect your things, most likely they would not be able to recognize your hardware wallet since the shape is similar to USB so they would assume that it is just a USB. Anyway, when I travel internationally, a phone with coins will do for me in case I will be short with cash.
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These both are big well-established companies so partnering with those is great news. The marketcap
of CAPP is still very low so a 10x is easily doable.
This partnerships with big companies are the ones that makes the people be attracted to a particular coin may it be for short or long term investment. Cappasity may be high now but if the partnerships will push through then an easy 10x is achievable but just remember always to not be greedy because they can announced anytime that the partnerships are cancelled so it would immediately have an effect of immediate dump. To avoid this, you should always take back your capital and some profit and let your profit run since you have nothing to lose anyway. |
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more ICO are starting to implement this KYC, but for me KYC process undergoes only to theyre client (investors) to ensure who and where the most investors they have. but to implement this to bounty hunters, i think these is not a good idea. because we (bounty hunters) may expose publicity and thers no annonimity/privacy happens that crypto currency has.
I joined some campaigns that requires KYC from its bounty participants but there are so many who were opposed to it that's why they are force to just give out the bounty to its participants without the KYC since there are many who doesn't have the ID or passport that they require. I would understand it if it is for the investors since most of them hands out big amount of money but for the bounty participants which may receive only a few dollars then I think it is not required. |
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You should start with babypips.com and after graduating there if you understood the lessons there correctly then you should already have an idea about trading. The lessons are intended for forex trading but since it is still trading then it is still the same because it is the same people that are trading and the most important part of it is understanding the train of thought of the traders understanding why they buy or sell a certain coin. You can search in youtube too because there are so many traders who good in teaching about crypto trading. In this forum alone, there are valuable information that you can get. It is up to you what information you want if you wanted to do your research.
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New rules also include how unless “otherwise stated, the rules set forth in this section apply to all transactions. Therefore, it is irrelevant whether they are carried out on [a personal] account, on behalf of a Closely Related Person, a customer, the Group, or on behalf of another party within or outside the scope of work,” I'm not imagining it, am I? It really does say that? Where do they get off telling people what they can or can't do outside of work? Maybe if Bitcoin were illegal in Sweden they might, and I mean might, have an excuse. But beyond that, what does anyone's employer have any business whatsoever in dictating what assets they can or can't hold? I would be totally ignoring my employer if they ever dared to pull a stunt like that. And if I didn't already know what Bitcoin was, I'd sure as hell be looking it up, learning all about it and buying some just to spite them. Then, if they ever found out and sacked me, I'd be taking them to court over unfair dismissal. I hope this blows up in their face and half their employees make a killing on crypto and then leave the company in favour of a less draconian one. As a small consolation, at least this is yet another sign we've got the banks running scared. It would understandable if they prohibit their employees to use their computer in dealing with cryptocurrencies in their work but as what you said, they also prohibit it outside of their work so there is really something wrong about that. You just cannot tell someone to stop doing this or that if it is not part of the job so it is just a sign that banks just want to decrease the number people investing in cryptocurrencies because they know that if more people got involved with it, their business might strive and may even be considering increasing their rates to encourage people to deposit their money to them. |
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Well i don't personally know about explaining it to a 7 year old but i can tell you when i explained it to my 8 year old daughter. I basically told her the basics of how there is only 21 million coins. I proceeded to tell her how just like with gold and diamonds, bitcoins have to be mined. Lastly i told her each wallet is like a bank vault and if you loose your private key you are screwed. She understood that and how it is secret money.
Just explain it to someone in the simplest words possible in a way that they can relate so that you can have the meeting of minds. Cryptocurrencies are new that's why there's a need for a careful explanation to it since a lot of news have been circulating and they are mostly focusing on the bad side. We know that media are biased since they are paid so those banks would spend a lot in order for the people to understand only the bad side of it and not thought on investing but people are smarter nowadays compared before because of social media so they cannot easily manipulate the news. Anyway, explaining it to someone may it be a 7 year old or not should always start with the basics and let them process it and let them ask a question so that we will know their train of thought. |
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