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741  Alternate cryptocurrencies / Speculation (Altcoins) / Re: The market is looking all red once again on: November 19, 2018, 03:39:25 AM
Oh my, the market is looking all red so bad that can see nothing but the red all over the place.
What is the reason behind this massive market crash in the middle of this month of November?
Everybody is expecting another crypto boom by the end of this year like the last, why the crash now?
Well, that is what happens when the boss decides to take the leap of faith downwards, and then possibly we just have to see how we go from here with bitcoin's breakdown downwards, at this stage, I will gladly be very careful trading any market at all, considering that the possibilities of the whole market getting drenched in blood is about to happen, if we get to see bitcoin crash lower. For what it is worth, for those of us who have been keeping some cash available for the blood season, I guess this is about time we get to see more action now eventually to pop in the cash when we eventually hit that bottom.

Don't be dismay concerning the current price but hope for a greater tomorrow were the market price will boom again. This has show us that digital currency are asset and we must all wait patiently to reap out our labour. The mighty are crawling.........Hold don't sell till the tumor is over. 
This is a part of the market no one can change, but one thing we cannot also change is the fact that this market is most definitely going to increase the more from here in the long run, no doubt about that. So, rather than being worried over nothing, what I will be worried about now is not missing the bottom and trying to accumulate as much as I can when that time comes, because whether we like it or not, at some point, huge demand will kick in, and then we will get to see a huge bounce.
742  Economy / Speculation / Re: Are stock markets the reason for the crash? on: November 18, 2018, 03:36:05 PM
I think that as the stock market begins recovering, crypto will follow.
But it may be a slow process, i.e. we lost 15% in 2 days, but now it can take weeks or even months to go back to the previous situation or even better.

This is because stocks are not going to recover fast: https://www.marketwatch.com/story/cnbcs-jim-cramer-says-stock-market-is-in-a-very-serious-correction-and-theres-nowhere-to-hide-2018-11-12
No the stock markets have nothing to do with this crash. Yes, I should point out that when stock markets collapse there is a trickle down affect where the people who had money in crypto or some other place that lost their money in stock markets tend to withdraw their crypto currency investments to cover some other expense because their dividends are much lower this year or something. When a person becomes poor all of a sudden or at least poorer than before they have to sell their crypto to cover the expenses, they can't keep it there.

Moreover, this one wasn't like that, this was fueled by the war going on between two sides of the bitcoin cash war. Everyone knows this, everyone has been talking about the same thing for the past week, just look at all the posts here and you will see how it affected the price.
743  Economy / Speculation / Re: Tom Lee lowered his prediction to $15k hehehe on: November 18, 2018, 03:00:56 PM
People may change their predictions but $15k is still three times the amount we are at right now.
I mean I can definitely see bitcoin being at $15k at one point but not at end of the year. That is just too close. Does he really think that bitcoin will triple in price in one and a half months ? That sounds a bit too far fetched price estimate if you ask me.

I think the more reasonable answer would have been if he said the price of bitcoin could go up until the end of the year. Do I think bitcoin will go to $15k ? No, there is no way that happens in the next month, however I believe it will go higher than this unless something big happens like what happened a week ago.

This is just pure speculation of course and Tom Lee is entitled to share his own point of view.
744  Economy / Speculation / Re: New Bitcoin growth in 2019 on: November 18, 2018, 08:17:35 AM
Experts predict $20,000 for bitcoin in the 2019. When will Bitcoin reach this point in your opinion?
There has to be some target for 2019 as of now. Everyone was wondering if 2019 will bring-in more profits to us and will the prices for crypto go up and all that. Right now, we are in November and unless something major happens we are going to see the price going up in 2019 for sure.

I don't think we can sustain this low volume, eventually there will be some buy orders that the sellers can't cover and when the price goes too low even if Craig Wright and Roger Ver sells all of their bitcoins they won't be capable of crippling the economy of bitcoin because the prices will eventually balance between buyers and sellers.

The lower the price goes the more people will want to get bitcoin, who would say no to 2 thousand dollar bitcoin, that's like free x2 profit right there, probably even free x3 profit.
745  Economy / Speculation / Re: How news influence the market. on: November 18, 2018, 07:45:19 AM
Media, news, Google ads always influencing the cryptocurrency market caps because when we get a news from any source then we realise what can happen.. Fake news always creates a negative impact and good news positive impact.
News has always been the integral part of every market and this is the fundamental part actually. We all know based on how things have been with the media lately, when it comes to fake news and not verifying news before posting, it has done more harm than good actually. Nonetheless, we have to understand that no matter what, this is something that cannot be changed and as the market gets even more matured, there will be a lot of changes eventually. The influence to me even as it is now, is not really that big unless it is something huge.

News don’t have much effect on the price of Bitcoin cause everyone already knows what Bitcoin is and how it works.
But news may impact into the market fluctuations of bitcoin through its weak handed adopters. Yes, those who do not have big confident on the futures of bitcoins, always listening to all types of news which eventually leads to big impacts on market fluctuations of bitcoins.
746  Economy / Speculation / Re: Market is falling down. What to do? on: November 17, 2018, 03:33:52 PM
Nothing can do.. Only patients is a main target because cryptocurrency patients is a important virtue. I decide to holding my bitcoin as a long time period.
Plain simple! It is either you are patient since selling should not even be an option now, as the time for selling have passed a long time ago and now is the time for buying or being patient till when events will turn out for good or you simply just have some cash to buy more into the market as it goes lower.

I think a lot of people before entering the market did not get to set their priorities straight and they were expecting too much from the market in the short term, but in reality, things do not just happen, they tend to develop pretty well for sustainability before they happen and can take some time.

Down markets usually should be treated like a test for our faith on bitcoins. I bought some bitcoins around $700+ by late 2013 but I decided to hold that even prices went down up to $190 levels by 2015 beginning. I am still I am holding them but in obvious profits. Holding is the only thing, we must do right away.
747  Alternate cryptocurrencies / Altcoin Discussion / Re: Which step takes you most time when you join in an airdrop? on: November 17, 2018, 11:20:25 AM
Yes airdrop is easy to earn free tokens by just following the rules. Now a day some airdrop are not legit because some are turned into scammers because they stool lot of individual wallets owner's identity because they put the links on the phishing site to allow to copy all the needed information so that they can get all the token stored.
I still wonder why people tend to waste a whole lot of their time on airdrops when they can just practically put a little bit of effort into bounties at least, to be able to earn something tangible in the long run. It is all about being smart, and I really do not see airdrop as being smart. Article campaigns are there if you know how to write and it would not take you more than 3 hours at least to write a very good article. Signature campaigns are there as well and some other campaigns that may end up being worth it. However, everyone sure does have what works for them, I believe.

maybe we can save more time by improving some steps, especially when you join in several airdrops at the same time.
No matter the number of airdrops you want to join at the same time, it still does not change the fact that airdrops in most cases are basically useless as you won’t be getting so much from them. When it comes to the greater possibility of holding them in case they tend to do well in the future, this is the reason you want to make sure that in as much as it is an airdrop, you want to be sure you are going with the ones worth holding, instead of loading up your wallet with some number of shitcoins or shit tokens as the case may be.
748  Alternate cryptocurrencies / Altcoin Discussion / Re: How unfair Bounty Hunters are being Treated. on: November 17, 2018, 10:28:36 AM
I want to say that I'm a bounty hunter too and I'm very proud to be one. Firstly, we must take note that not all of the bounty hunters are dumping their tokens. I, myself, always holding my bounty tokens and waiting to go higher than ICO price. And Second, Bounty hunters are playing a very important role in a project's success so to all bounty managers out there, please treat bounty hunters with respect.
In fact, let all bounty hunters be dumping their token, it is a market and people can do whatever they feel they want to do.
I understand it can be painful that some bounty hunters do not actually get to understand the project they are getting into, at least take the pain to know the ICO value and all they do is sell below the ICO value and they are pretty much like the ones, giving the bounty hunting space that crazy name, but as it is, not everyone dumps and those who want to do so, there will always be a market for people who are willing to buy.

I just feel in a lot of cases, the team of most projects just lack integrity and they feel they can use and dump people, which to me is not a good thing.
749  Alternate cryptocurrencies / Altcoin Discussion / Re: So what do you think about the Bitcoin Cash Fork?... BTCABC & BTCSV on: November 17, 2018, 09:35:37 AM
totally crap coin. Binance has already delisted bitcoin cash due to the these shitty forks. I guess there was still a chance for these coins to generate more and more forks in the future. Both of these coins are totally crap. after the deposit for ABC and SV will have opened on binance and then there will be a huge dump.
It is not like they have delisted BCH completely, and people should stop getting it wrong. BCH was meant to have a network upgrade which results to the bitcoincashABC, and then a contentious hard fork which would cause a chain split, which in this case is the BitcoinCashSV, and what binance have only changed with BCH right now is the ticker for BCH, so in a way, it is more like you still have the same BCH but in a different name and then before the fork whatever you are holding in BCH, you have the same figure as well for BSV.

Nevertheless, that does not change the fact that BCH has always been a stupid fork, and an unnecessary one, and for as long as I want to care, it remains a shit coin and every other coin that probably forks out of it, remains the same.
750  Economy / Economics / Re: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto on: November 17, 2018, 08:37:27 AM
I don’t see anything wrong with the volatility, it’s for investment and a lot of people knows that already. Things like this are meant to be volatile, it’s left for you to make your decisions wisely so that you don’t lose your money cause you have been told already that it is volatile.
The fact is that, the volatility is something a lot of people want in this market, and for the past few weeks of little consolidation, we obviously could see a lot of people's reaction when it comes to the market being a little bit too boring. Actions are always needed, so it depends on how you want to take advantage of those actions that matters anyway. Secondly, this is a new market, so one way or the other, volatility is not something we can run away from. As the market gets more matured over time, I believe this is something that will reduce to a certain extent but never completely.

the limit in the amount of bitcoins that are going to exist means that whenever the demand for bitcoin goes up there is not enough coins to meet the demand and that is what makes the price of bitcoin to skyrocket
But at one point, demand and supply may meet as digital currencies are divisible infinitely. You cannot be calm like bitcoin is having a fixed supply. Only fixed number of coins but may have unlimited circulating units and its worth also may go up up to the level the demand drags. But these are the concerns only for extreme conditions and as of now bitcoin will remain volatile and may go any level too.

Quote
The volatility of cryptocurrencies is surely going to be in the market for the foreseeable future
Yes. In the past cryptos managed among wild volatility to achieve some unbelievable price levels hence we must take these volatile natures as a essence for growth as it works on attracting new investors with different reasons based on how one new investor will be ready to risk their affordable money.
751  Economy / Economics / Re: Transferring of wealth from the impatient to the patient! on: November 17, 2018, 08:05:12 AM
You are very correct. Impatience is the major issue here and it is the line between failure and success in the cryptocurrency space. The patient ones are mopping up cryptocurrency from the impatient who often sell their coins at the sound of any negative news. In future, the patient ones will have a good success story while the impatient will be in regrets.
If we are actually to look at the majority of the people in this space right now, they are those who came into the cryptocurrency scene sometimes late last year due to the FOMO and promises of getting rich overnight with a bad mentality and not even taking the time to learn what the space is all about.

In that case, looking at the current situation, it is always a normal thing to get to see a lot of them get to panic and impatient to the extent of just giving up on the future of the market, because like I said, they never took their time to know. This is always the target of the whales most of the time, and I am sure they will never stop until they get the last weak hand out of the market in their favor.
752  Economy / Economics / Re: Why Minor Crypto Exchange Pulls Off Exit Scam, Steals All User Funds on: November 17, 2018, 07:33:29 AM
usually the motive behind fraud masked by the small crypto market is done by groups or organizations that deliberately make the crypto market on a small scale after receiving a lot of deposits from new traders and cryptocurrency felt enough to meet their needs, then something like this is sure to happen ... yeah the crypto assets of the traders are stolen and carried away ...

I suggest to always trade in official crypto exchanges with a very good reputation, I always choose the crypto market that is legit at coinmarketcap.com
That is usually the thing and I wonder when people will ever get to learn when it comes to using exchanges with reputation honestly.

I am still always surprised when I get to see there was an exit scam like this and the team was able to cart away with a whole lot of money. Who are the people actually risking their life savings on a platform that obviously does not have anything to offer actually ? It is plain simple! There are so many exchanges everyone is using and well regulated to a very good extent.

Even though exchanges cannot be trusted, but at least, for someone who is smart, you will try to look for those who have been around for a while and a lot of people are using, not some exchanges that will only end up giving you a heart ache in the long run.
753  Economy / Economics / Re: 10th Birthday, Bitcoin Price Is No Longer Exciting ? on: November 17, 2018, 06:42:57 AM
The price is not exiting at all. I am just hopeful that it will only get better with time. I don't know what exactly is responsible for the persistent cryptocurrency price decline. So many reasons have been given by several individuals but they don't seem to convince me that nothing is fishing.
It is a normal thing for people to say, considering the rate at which a lot of people after holding from the peak and expecting a change of scenario over time to at least start seeing the promises of making something substantial from the space, are basically worried with even the ongoing downtrend the more.

You have to understand that decline is a normal thing in the market, and possibly you should go check the historical prices and fluctuation of gold and silver over time, and in that case, maybe you will see the reason why for every new market, it is something you have to be ready to deal with, but at least, if you know the potential of what you are worrying with, bothering yourself about now is something that will never come to mind.
754  Economy / Speculation / Re: What is happening? on: November 16, 2018, 06:48:40 PM
$3000 seems pretty logical. if the current bounce ends as a lower high and the dump continues, we should form a pretty strong bearish trend. $3k is a major support level from 2017. lots of bulls will be waiting to buy there.


True. $3k is the price from August 1st, 2017. It was when BTC was forked, for the first time.
That is actually the price that if we manage to hit right now, I will pretty much be going all in on the market and even with anything lower than that, I might even end up borrowing to buy more Grin. Just kidding with the last part though! However, there might be some temptation to want to do that. Nonetheless, what is happening right now is what I believe as a manipulated movement as honestly that was not expected at all, but of course, we all know this market is practically a whole lot speculative, so in a way, I won't be surprised to see the whales trying to make a further attempt to make the weak hands get lost.
755  Economy / Speculation / Re: Is it drawing a box between 4800 to 5400? on: November 16, 2018, 04:30:22 PM
Just saw an analyst said that from tele. What do you think?
The hash battle may result in the final drop?

I don't trust such analysts anymore.You shouldn't trust them too.However,it's very possible that 5000 USD will be the new support level and the price might stay around that level for a long time.That's because nobody wants to buy large amounts of bitcoin,while the army of HODLers might decrease in quantity,because many people lose patience.
Analysts will always come up with their own predictions every single time, but that does not mean they are usually right and in most cases anyway, they are only always lucky if they even manage to be right. For now, how low the market is going to go is none of my own concern, but my major concern is how I am taking advantage of that.

Those who may want to sell for some reasons best known to them at this point in time, surely do not know what they are doing or why they are even here in the first place. Patience! That is all it takes at this point in time now and if the market goes lower, I would just be forced to even buy more as the case may be.
756  Economy / Trading Discussion / Re: Bots, AI Bots or signals? on: November 15, 2018, 12:27:02 PM
None of the above mentioned. There should be human intervention on trading. You cant rely on just bots that will trade on your behalf based on your instructions. We always say we should separate our feelings when we trade but in reality, we still need to use it when we trade and thats what Bots doesnt have.
Well, as much as I agree with that, there are still some times when you may not have much time in your hands to trade the market, and execute your strategy intraday and you will most definitely need a bot to do that for you. However, I also understand that in most cases, when it comes to human, there are some times you will know it is a good time to just stay off the market, and that is one thing bots really will never understand.

As long as things are going with your strategy, they execute it and that sometimes may not lead well, which is why even if you use bots, that does not mean you should just rely on it completely, but at least still monitor the market once in a while to know if you will need to stop your bot based on the current market conditions or not.
757  Economy / Trading Discussion / Re: Attack on AurumCoin from cryptopia stolen more than $ 500 000 on: November 15, 2018, 06:52:01 AM
If your coin is small enough to get a 51% from someone with a little bit of knowledge or at least enough money to cover your 51% from just buying, than you are not a proper coin at all. They may claim the trouble is with cryptopia which it very well might be but they are not without fault as well, if your coin is small enough to not get attention to make it very expensive for %51 attack than you need to find another way to protect the coins.

Right now, for me aurumcoin worth zero, not even 1 satoshi, someone can offer me 100 thousand dollar worth of aurumcoin for 1 satoshi and I still wouldn't hold it at all, I would just sell it for whatever I can. This is a coin that is tied to the price of gold whereas the price of gold is same but the coin itself got higher. They are legit looking like fools or scammers.
758  Economy / Trading Discussion / Re: How to learn trading? on: November 15, 2018, 06:09:14 AM
To learn trading is one thing and been dedicated to why you are learning is another thing. If you want to learn trading, you have to start teaching yourself the basic things from the Beginning. Watch YouTube videos of trading on different exchanges. Read articles from Google and be grounded before jumping into trading.
That dedication is actually something that is a very good attribute to imbibe when it comes to learning anything. I believe if you have the hunger and zeal to learn and do better at what you want to do, I am sure, the dedication to it will come naturally.

Still, you cannot learn it all in one day and due to the fact that a lot of people tend to rush so they can start making money, they always end up flopping because they did not get to find out all the things needed to know before hitting the charts. Trading is a very lovely activity to do with profit potentials if you know what you are doing, but if you approach it in a hasty way or you did not take your time to learn as much as you could, you will find out eventually how much you will end up learning the hard way in the long run.

The good thing about this world we are in right now is that resources can easily be found just with a click of your mouse and making use of the search engines. The only problem is that laziness of people to learn, the fact that they are always looking for easy way out, has always ended up putting a lot of them into a mess they never envisaged.
759  Economy / Economics / Re: Banks must adopt new technologies to survive an ongoing “extinction phase” on: November 14, 2018, 11:20:04 AM
When you think all banks around the world with adopt blockchain technology? Or this will not happen too soon?
In my opinion, Blockchain is no doubt a very good and advanced technology but no bank is going to adapt this technology because they might not be able to earn as much as they are now. Even banks in the developed countries will not adapt blockchain because it is something that talks about the cost minimization and for banks, cot minimization means profit minimization so do the math now.
You think so ? Wait till probably some years’ time and you will see if this would be a thing or not. Blockchain technology is something I believe the government itself all over the world will not be able to run away from and in that aspect of going this way, we all know the level of governance, chances of transparency and accountability will be there, and this is actually what most countries today need.

Now, banks are just moving with the trend and how it comes, so if this becomes a norm, I have no doubt they will just have to follow put. Nonetheless, as some have said, I really still see banks trying as much as possible not to get thrown out to the bin, as they will always find a way to adapt to anything just to keep being relevant.
760  Economy / Economics / Re: Tell us about your experience on: November 14, 2018, 09:49:41 AM
My experience with cryptocurrencies started since 2017 where i got some tokens via  airdrops that time i started to trading and i earned some money. For me Bitcoin a new thing and new technology and it will take time to adopt by all peoples.
For a while now, we are already seeing the rate at which the blockchain technology has been the topic of interest worldwide and gradually seeing a lot of organizations, companies, governments and so many more, trying to implement the blockchain technology into their system. As time goes on, this is practically something we will get to see more of. My experience personally has been awesome, I have been here for a while now, and I have always made use of every available opportunity to keep loading up for the future. To me, that is what counts the most now.

I earned more than i expected that i was able to build my dream house last year and this dream will not be possible without the help of crypto currency because i tried lot of investments for so many years before with no success until i learned from this investments in which i earned more than my family needs.
I know so many people have been able to do well for themselves from this space, based on how they have worked smartly over the years. This space has given a huge opportunity, starting from trading to ICO investments, to freelancing; you can name it all, and has made it easy for so many people who have been neglected by their governments when it comes to availability of jobs and being able to sustain them, to obviously do that. We all have our plans, as much as some are here for the long term, at least even in the short term, some are still doing pretty well.
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