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721  Economy / Trading Discussion / Re: Trading chat on: October 05, 2019, 04:54:47 PM
~snip~
Can we cooperate to discuss trading, sharing some experience? Tell me your thoughts.

UPD:
Based on feedback I will try to create healthy community and let's see if it works
Here is link @golstrim_trade

Yes, please do it and we'll see how it goes.
I've seen the telegram group now have 4 members, hopefully, it will grow shortly.

in my experience chats and channels are always filled with a lot of spam and bad advice because people always end up suggesting their bags of shitcoin which is losing value to others to encourage them into buying them so that they could dump it themselves.

Telegram chat groups can be arranged in such a way to prevent spam and people who promote shitcoins.
For group administrator should apply some features to prevent members from posting specific kinds of content such as disable send media, add users, send sticker and gifs, embed links, polls, and change chat info. If the group has so many members, admin can prohibit spammers to send messages in the group, just disable "send messages" for any members you want, so they will remain silent.
722  Economy / Gambling / Re: ★ BitGame.online ★ Sports Odds Multiplier up to x1.05 ★ 100% Deposit Bonus ★ on: October 05, 2019, 05:57:40 AM
Why did you afraid? Because you received 1000 Play coins? It is expected behaviour.
P.S. I am afraid that you have problems with English Wink

Hi, please process my withdraw. It has been over a week now since I requested it which is very frustrating  Undecided

Over a week without no explanation, it seems like a 100% deposit bonus becomes a double edge sword, deposits 1 BTC and then gets 2 BTC, what a joke to lure new victims Cheesy.
His last active was today at 04:37:33 AM
He definitely aware of this, but doesn't want to reply anything?
723  Bitcoin / Bitcoin Discussion / Re: There isn't always a clear reason why BTC went up or down on: October 05, 2019, 01:47:42 AM
I see a lot of topics talking about why bitcoin did this or that. Sometimes there are clear indicators as of why but many times it simply happens. Coincidence, trading bots and simple TA can affect the price and create a snowball effect easily.

Imagine 3 whales with 1000 btc each decide to sell bitcoin and by chance they do so at the same time. Of course the price will tank and people will wonder why, bots will follow and so on.
It's basic demand and supply kinda thing. Only bitcoin is limited and not all people own it. Plus, FUDs, Analysis chart, famous person saying not to hold, etc are some of the reasons why the price changes at times. Bitcoin always has some kind of issue or news about it that affects it price, whether it be small or big news, which naturally affects the perception of bitcoin owners whcih then makes them sell the coin all of a sudden.

He's right, there isn't always a clear reason for the price increase or decline, it happens naturally in the market, at least for a mere $100-$500 in a day.
But for the price changes around $500-$1000 within a day or couple hours, there must be a reason why it happens obviously, just like one day after the Bakkt futures launch, bitcoin price fell more than $1,000 so people speculate because of that. Not a basic thing like demand and supply, because bitcoin price will always increase if that's the case.
724  Economy / Speculation / Re: Bitcoin has seen furthest correction of all bull markets on: October 04, 2019, 11:04:34 PM
43% is not a correction.

43% is a crash.

Where do you draw that line? There's some 40-42% corrections listed in the OP.

Or maybe a "crash" doesn't indicate a bear market. August 2012 (57%) and April 2013 (83%) are examples of "crashes" on the way to much higher highs.

There is a difference between correction and crash, we can see the line in "size".

In the world of investments, a correction is generally defined as a decline of 10%-20% in the price of a security from its most recent peak before recovering.
A crash is a massive loss in price. When the market crashes, its price drops by a significant percentage, below 20%. Whenever the market slowly drops, the correction keeps going and becomes a crash.

A bear market is a condition in which securities prices fall 20% or more from recent highs over a sustained period of time - typically two months or more amid widespread pessimism and negative investor sentiment.


40%-42% aren't corrections anymore.
725  Economy / Economics / Re: Why Bitcoin is not a bubble! on: October 03, 2019, 02:33:16 PM
For bitcoin users we aware of this, but when the price crashed from $20,000 to $3K gradually, it seems like the bubbles have burst or we can say corrections or the bear has taken control of the market for several months. Although bitcoin isn't a bubble, the volatility can't be helped at this point, susceptible to manipulation, especially when bitcoin futures introduced to the market, whoever has millions of dollars can do it. Bitcoin is a bubble or not isn't important, the adoption is the most important to gain more liquidity against manipulation.
726  Economy / Trading Discussion / Re: 5 Reasons why I am buying Bitcoin!! on: October 02, 2019, 09:53:18 AM
If related to trading, we buy bitcoin due to the value and the volatility that it posses.
Someone can buy bitcoin and hold for a relatively short-term to earn profits trading bitcoin, for example, if someone bought 1BTC = $4K in April and sold at $13K in July, he already made $8K profit. However, if we buy bitcoin for a long-term investment until the next peak before the correction, the reasons you mentioned are relevant, yes buy the dip. But it has nothing to do with Libra coin, it doesn't even encourage people to buy bitcoin.
727  Bitcoin / Press / Re: [2019-09-23] CEO of largest alternative investment firm vows not to buy bitcoin on: October 02, 2019, 03:15:29 AM
For a 72 years old man, bitcoin maybe not tempting to invest due it's volatility, just sticks to the old way with currency controlled by governments and banks.
Blockchain technology is built to encourage freedom and autonomy and can be used in various ways such as cover financial instruments transactions, smart contracts, decentralized applications or decentralized artificial intelligence. No wonder why he prefers to invest in blockchain technology than invest in bitcoin.
728  Bitcoin / Bitcoin Discussion / Re: NASA to Launch Bitcoin to the Moon? on: October 01, 2019, 05:02:02 PM
Blockchain technology is very different to Bitcoin, when companies are talking about it, because they look at the underlying technology that they can utilize to secure data, because it is basically immutable. They might implement it in their Supply chain to track components and parts or to store data in a more secure manner.

It would be great if they used the Bitcoin token, but I seriously doubt that.  Roll Eyes  We might just see the first MarsCoin in the future, if NASA are looking at a payment system for the Mars colonization projects.  Wink

Agreed, some people get misconceptions about this article. NASA's interested in blockchain technology doesn't mean they will promote Bitcoin. Just like what it stated; "The U.S. aeronautics agency is looking for a big data scientist"
They are looking for someone or people who understand how blockchain works to join research and development facility Jet Propulsion Laboratory (JPL), the article clearly mention what will they do;
the Data Scientist will develop applications for different areas of JPL including robotics, artificial intelligence, multi-mission systems, mission assurance, cloud computing,......
‌The thing about NASA to launch Bitcoin to the moon, creating a cryptocurrency for Mars payment, even create a colony on Mars are completely fun speculation.
729  Economy / Speculation / Re: Q4 -Quarter 4 speculation thread, where will 2019 end, join the LIST on: October 01, 2019, 02:18:41 PM
Wait, I'll ask myself in the future Grin
Oh no, where is my time machine, wait I'll call someone.......
Hello Avenger, where is my time machine legacy from Stark?
 Cheesy Cheesy Cheesy

Good luck for everyone who eligile to participate in this Q4 prediction game.
There are a lot of TA of bitcoin price may fall to $5K, but personally I would say bitcoin will recover to $10,300.

I was about to enter 12,345 but I saw some evil genius has already snatched this amazing price from me, but I am thankful for that, as the oracle has spoken to me and whispered that I missed a step. So my prediction is:

$23,456

And while Sojourner has never made an ATH prediction before, let it be known that this only means he will be right.

Forum meeting place
A grizzly, rowdy bull licks
in spite of the bear.

LoL, you got it man Grin Grin Grin
\Hopefully the oracle speaks the truth
730  Economy / Speculation / Re: $5,000 is the number - so get used to it. on: October 01, 2019, 01:46:09 PM
~snip~

There's a lot of TA out there suggesting a drop to between $5-6.8K with the possibility of $7K holding, this is probably why. Most people don't expect it to drop below $4.5K it seems as the 200 Week MA is there which supported us back at $3120. It still hasn't been broken and is continuing to trend upwards. $5K is clearly a number to rally behind for ₿ bulls basically. See here for examples of how Bitcoin could drop to $6875, $6410, $5,350 and $5,050, by extrapolating past price history to the current price.

Show up some technicals on this one rather than saying without having any basis.I read up above theres no significant support on 5k levels.

Here's an example of what $5K could look like for you. Give it a couple of months and the 200 Week MA will be there to support the price.



Basicly, according to this chart, bitcoin will go down to $5K as the bottom? a very convincing chart based on MA, 19bars-133 days, 17bars-119 days, 19bars-133 days, and next will be another 17bars-for 119 days until March 2020? Well, I don't buy it.
Bitcoin seems persistent above $8K, probably can drop to $7K or the worst at $6K but not at $5K.
Furthermore, we approach the end of the year, entering the Q4 which the market sentiment seems positive even at this bear market, Bitcoin may recover back to $10K by the ensd of this year. But, who knows, we'll see when the time comes.
731  Economy / Economics / Re: CASHING OUT YOUR CRYPTO-CURRENCY PROFITS on: October 01, 2019, 10:03:07 AM
If in the UK there are too many strict laws about crypto and its business, I think you should not provide any information about it at all. You can withdraw money from crypto-fiat liquidity exchanges and then use the money to buy gold or stocks. Don't deposit at the bank too much because suddenly you have a lot of money again, the police will come in and investigate what you are doing and have a lot of money. If they detect you trading crypto, I'm afraid you will be subject to very high taxes.
I am not scared of paying high taxes. I just want to cash out honestly, without being worried of the unpredictable and punitive behavior of the Authorities, who always criticize or attempt to accuse somebody on "suspicion" of wrongdoing.
I want to pay the correct tax, and get over and done with this issue. I do not want the Authorities chasing me around for unpaid taxes later in life.

You have to convert cryptocurrency into fiat money through either use peer-to-peer exchanges (P2P) or third-party exchanges, right?
And then, the exchanger will send fiat money to your bank account, so, the bank already knows that your funds come from an exchanger account, no need to worry.
If local tax regulations stated that you need to call the bank before cashing out a large amount in one transaction then do it.
But if you want to cash out without having to call the bank, just withdraw a sufficient amount probably below £2500 a day as you may withdraw up to £2,500 without giving any notice in advance.
732  Bitcoin / Bitcoin Discussion / Re: Banks are offering Negative interest rates! will this help BTC on: October 01, 2019, 05:35:53 AM
There’s been a domino effect of monetary policy of high-interest rates for centuries creates an unstable economy that occurs among the people due to the massive amount of debts. The central bank has been stockpiling so much money for centuries which could giveaway to low-income residents. Negative interest rates motivation was to refinance the government, corporations and even citizens to stimulate the economy in order to battle the global financial crisis and to counter inflation in their currencies. Countries in Europe such as Switzerland, German, Denmark, Sweden and from another side of the world, Japan have allowed rates to fall slightly below zero as they have low inflation, it's a good solution though.
733  Economy / Trading Discussion / Re: How do you trade? At the exchange? Platform? Bots? on: September 30, 2019, 11:35:04 PM
Manual trading could be seem as it is for more control. But, remember, there are many indicators and fundamental news that we should check everytime. This doesn't seem possible with manual trading. For example, you can't make trade if you are sleeping, but, what if there is a good opportunity when you are sleeping? You could arrange your bot according to the coming data and get that opportunity. These fundamental and technical news are rare. Another example, you may not want to miss a below 15 RSI while you are sleeping  Smiley

Yeah, there are some benefits by using bots and trade manually by yourself. The majority of cases, people who trade manually lost the chance to buy or sell at the best price.
The main reasons for newbies not using bots because they don't know how to use it, not an active trader, can't find the technical analysis data of trading, or simply do not trust the bot to execute the trade. I just put an order if there is a chance to buy or sell, which not everyday will appear, short-term trader waiting for few hundreds or thousands of dolllars increase or decrease in price.
734  Economy / Speculation / Re: Down below $9k! Buy the dip now? on: September 30, 2019, 04:29:17 PM
Buy the dip? I don't know, the self proclaimed top crypto analysts now say Bitcoin will for sure go to $6000 at best and most probably to $3000 or lower  Cheesy Cheesy Cheesy

I've also noticed lots of calls for $6,000 and lower:
https://www.youtube.com/watch?v=BGTEGN3Gt7w

Stay on your toes though. When everyone starts betting on the same thing, it usually doesn't happen. In late 2018, most people were expecting $2,000s or $1,000s. They never came.

I have subscribed and following this guy channel "dvir oren" for months, one thing for sure on his opinion; "Impossible to know for sure, it's more likely than not".
At this point, bitcoin becomes more volatile and we should wait for the bottom which probably at $6K as the market seems so bearish right now and the bounces are weak, manipulated by the whales that trade on Bakkt. So, if you want to make profits, sell now and wait for the price drop to the bottom then buy the dip in order to increase your portfolio.
735  Other / Archival / Re: Is KYC benefit to crypto people or not on: September 30, 2019, 01:32:30 PM
KYC is a double edged sword.  On the one hand people dont like giving up their information to every shady company in crypto that asks for it, and then on the other hand if crypto is to go "mainstream" certain things like kyc and other regs are going to be required like any other financial instrument.  So it's a case of you cant have your cake and eat it too  Undecided

It's true, KYC doesn't bring any benefit for us but required for Exchanger in order to fulfill AML policy mandatory by government or just in case if govs impose taxes for cryptocurrency transaction as not every country enforce these rules like in the U.S.

Nevertheless, there is nothing we can do about it if want to trade bitcoin or withdraw fiat money, even if the ask for a picture of yourself or selfie Photo while holding your id. Blah, it's sickening.
But, don't just give your private information to every shadow company in crypto which you can find it mostly in Altcoins sections for a startup project.
Just fulfill the documents for something important and urgent that you can't avoid.
736  Economy / Collectibles / Re: [DAILY FREE RAFFLE]371 JUST BECAUSE I'M STILL IN A GOOD MOOD FREE CASASCIUS COIN on: September 30, 2019, 09:39:12 AM
I'll take 79. error08
737  Bitcoin / Press / Re: [2019-07-26] The IRS is warning thousands of cryptocurrency holders to pay taxes on: September 30, 2019, 08:00:16 AM
My question to you pretty much is; taking the above in consideration, what forms of taxes do you pay and not pay?

I simply avoid everything I can, and evade when it's smart to do so.


I like this kind of discussion, taxation is a legitimate robbery which difficult to avoid, and if we don't pay it, be prepared with the consequence.
I know someone who hasn't paid the vehicle tax for 2 years but almost reaches the limit of not paying it as if the officers accidentally find him, it will be the end of the freedom.
However, there are tons of people who don't pay taxes depending on where you live obviously, a different case if we are receiving warning letters from the IRS, nothing we can do to avoid it. Bitcoin holders will be safe only if they have never registered to an Exchanger and comply with the KYC. Even Localbitcoins recently changed its KYC/AML guidelines which required verification as well.
738  Economy / Currency exchange / Re: Can I Buy BTC From Someone Here ? on: September 30, 2019, 12:36:31 AM
Yes you can buy bitcoin but there are some rules here;
1. Trusted person, as you are newcomer here, difficult to achieve it, therefore you have to use the second choice.
2. Payment method, read this; https://bitcointalk.org/index.php?topic=14632.0

Easier to buy from someone near to you, maybe your family or friend or at least someone in the same country.
Because of security reasons, people tend to buy and sell bitcoin on the exchanger as a trusted company which you have to register (sometimes have to fulfill the KYC policy) and send the money first.
739  Bitcoin / Bitcoin Discussion / Re: BAKKT launching tomorrow but BTC price falls? on: September 29, 2019, 01:08:13 PM
why most people attributing btc fall with bakkt lunch? btc has falling so many times in the past and come back strong or more stronger, all that while bakkt was not lunch or in existence, the only thing bakkt did wrong is lunching at a not so favorable period,
bakkt is not the reason for this fall. it was time for the market to do some corrections.

But something intrigues the correction, bitcoin price drop $2000 within 2 days? something fishy must be going on somewhere, and the time was right with Bakkt futures launched. So, people speculate that bitcoin price suddenly spikes in May-June 2019 because of Bakkt bought bitcoin to store in their warehouse, and when the time it's officially launched, they purposely sell bitcoin maybe to lure investors to join in the game due to Bakkt bitcoin futures contract is different from other cash-settled bitcoin futures as Bakkt have physically-delivered bitcoin.
740  Economy / Trading Discussion / Re: Which one you buy Bitcoin or Ethereum? on: September 29, 2019, 07:15:06 AM
Yesterday the price of Bitcoin was $9700 and today the price is $8500. Yesterday the price of Ethereum is $200 and today the price is $170. So which coin is prefer to buy?

Bitcoin is down 17% for the last seven days and may fall below $8,000 probably around $7300, in that case, you may want to wait until it happens.
Ethereum seems persistent at this point, have lost roughly 3.3% for the week but will drop again if bitcoin price tumbled.
If you have to choose one, I will suggest buying ethereum because it won't lose the value so much like bitcoin, right.
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