Hey guys,
I bought a lot of NXT below 0.10$
Current rate is around 0.57$
I already bought some IGNIS at cheapest rate during IGNIS pre-sale.
Would you hold the coins and wait for snapshot to get free IGNIS, or sell some (or all) of the coins to collect the certain profit?
I guess rate will rise again before snapshot, maybe I should hold them for some time and sell next peak?
I already sold some when rate peaked, but I bought back with a 15% profit.
Thanks for your help!
I was analysing Bittrex market and NXT has the maximum BTC volume ATM. Volume is kicking in as IGNIS is being traded at $2 and NXT holders will get IGNIS in 1:2 to NXT they are holding on 28th Dec and Whales love free money!The best part is price is growing steadily and will continue till 28th. HitBTC announced to support IGNIS airdrop and thus would be listing IGNIS on their platform which is another boost. If Bittrex and Poloniex also decided to support airdrop, FOMO will kick in. If we talk about daily charts of NXT, I saw three white horses pattern which shows trend reversal and here trend reversal is super bullish trend on candelstick pattern. |
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The promise of lows fees?
Ok, so once a payment channel is open and you have sent BTC to the channel you enjoy low fees. We can scale up the transactions with Lightning "IOU's" to Visa like speeds....ok I get it. In the future you will also be able to move your BTC IOU's from one payment channel to another if you choose.
The question I have is what will be the fees just to transfer from the main chain to the payment channel, when Lightning is ready? Will that be a barrier to adoption? Is Blockstream really our friend? So many questions.....
Lightening Network provides off-chain solution to Bitcoin's scaling problem. It is not like another exchange where you need to transfer your bitcoin in order to have the transaction. It is built upon the bitcoin network like a second layer. There is no transfer of bitcoin from original blockchain to off-chain and hence includes no fees. Consider it like Segwit. More than anything in crypto before, I really have no clue about this. How it's going to work, who's going to operate hubs, how channels will work, whether it'll actually allow more users on board, whether users will actually want to use it. Indeed, most of the research is over my head. Most Lightning researchers insist that it won't be a hub-and-spoke model. And since LN is often touted as having better privacy, I would hope this is true. If the vast majority of transactions are being routed through only a few centralized entities, it's only marginally more private than on-chain transactions. How LN provides more privacy? On LN, transactions are never broadcasted and hence, leave no trace on blockchain, offering privacy benefits. But I am still not into LN being developed for bitcoin. It will take another year or two before coming into reality and requires lots of funds and time. Bitcoin definitely needs a better scaling solution and LN would be a step forward. |
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The more that these so-called experts are calling cryptocurrency (specially Bitcoin) to be a big bubble, the more that we are experiencing astronomical growth. Right now, admittedly, there can be more speculations in the market as there can be a big rush and push from people who are new into this whole thing and many of these newbies are very digressive knowing the history of how Bitcoin made big fortunes for people who had been here for a longer time. The rush is happening now...people don't want to miss out...the Fear of Missing Out (FOMO) is affecting all of us. What will happen after this phase remains to be seen but certainly a long ride will find some rest -- not end but just some rest enough to gather for more energy for another bull run. Will the market be swayed differently since Bitcoin can never be compared to other investment vehicle or will human nature be the overall winner on this regard meaning that history would just be repeating itself? I am excitedly watching the development on this issue and personally hoping that there would be a happy ending before we go to another sequel of the same story -- ala Star Wars?
Whatever you just explained is the building of a massive bubble. People FOMOing, astronomical growth, but why? Because demand. But why demand? Because high ROI. Why high ROI? because demand. Isn't this a scary loop? Bubble is definitely building up. No matter if bitcoin is build upon a completely different economic model, anything which involves money has to go the traditional way. But whether bubble will burst now? Absolutely not. This will go for more 3-4 yeas easily. Because bubble has only started building. |
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For me, the question of volatility is not addressed sufficiently. It is of crucial importance if Bitcoin wants to be successful as a currency and not only as a speculative asset ("digital gold" is only another word for that). It isn't easy to address that in a decentralized way via "infrastructure". But an intelligent design of incentives is definitively possible, for example providing tools that let people profit from stabilizing the price (e.g. with easy to use "contrarian" trading bots) and new services by payment providers like a "backing" option for merchants. I was going through your thread and it was indeed an interesting idea. But what I feel is that where Bitcoin itself is struggling to maintain its position in financial landscape, would there be enough merchants for backing Bitcoin at a scale that can impact price at all? I believe this idea won't work without the interference of some centralised institution and also, unless there is a diversity of services and products that act as backing agent for Bitcoin, it will struggle to make any difference as people won't be buying anything just because they can get it cheaper during crash. At a point where Bitcoin itself is not mainstream, this idea will not work out. We atleast need a decade of growth of cryptos to even think about it. |
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First of all I would like to know what kind of news related to cryptocurrencies your are searching for that you are unable to find in surface web and want to dig deeper in deep web?
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Bitcoin is a very well known technology. But its infrastructure is still not sufficiently developed.
What do you think is the most important direction for bitcoin development now?
The area I think development is needed now is on the issue of synchronisation in the area that, an individual having an account on BTC.com. Blockchain.info, Xapo, Paxful, and other wallet providers but no one can see that or he has to download all of this providers app in other to keep his funds safe. Another is the issue of fees of some wallet providers which is fixed and not making room for the volatility in price accordingly. If I got your post correct, then I would say there isn't any need to have a synchronization between various wallets. Why would you want to have synchronization between different wallets with different private keys. You can very well import your private keys in other wallets. What all you need to do is to opt for those wallets which give the option of owning and importing your private keys. If you meant something else, please explain your point more as it is little ambiguous. |
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I want to ask about people like this in the world of bitcoin exchange market. A little story, yesterday I made a sale and purchase transactions in bittrex when the btc price reached 60 million idr.when I sell in the price range, suddenly tucked the price 58 million idr. there I am angry and upset because the person will indirectly drop the market price bitcoin that is ongoing. And now for next question, naturally treated like what kind of person like that?
Why are you even angry about the drop? I hope you understand the volatility of cryptocurrencies. The drop you experienced was mere 3.33%. If you have watched market ever before, you could have understand that coins even experience more than 50% drop in a single minute. Recently, Bitcoin is much stable than a week before. These 1%-5% fluctuations are way too common. Be prepared for more if you are willing to continue trading. |
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If there are open slots, then let me know. I'll apply for this week.
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There are two forks scheduled in next two months.
First is Bitcoin Gold(BTG) on October 25, creating another version of bitcoin in the process which will be GPU mine able. But there is currently no testnet which miners could use to test out the new protocol. There are just hushing and I doubt that they will be able to execute hardfork effectively by oct 25. But if happens it will have same or rather less severe effect as earlier Bitcoin Cash fork. Price might not drop much, but a drop will be there.
For the 2x hardfork, things are a bit more tricky. It yet do not have significant support, there is air of uncertainty surrounding 2x hardfork. Picture will get more clear with time.
But in both the cases, price will recover after the fork if there is any dip before it.
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This article is full of reasons why a Wall Street giant can help in changing the image of Bitcoin and making it mainstream.
But the main reason for this step is mere PROFIT!
These bankers are mere business men. Nobody can deny the profitability of cryptocurrencies in coming future. The early these bankers inherit cryptocurrencies in their system, earlier they'll be able to capture the market. There is a huge inclination of investors towards cryptocurrencies, recently. Market will get bigger soon. Right now entering the amateur market will help them having a better control on the market. Afterall, cryptocurrencies in some way or other threat to these banks at some sectors. Why not reap the benefits?
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One of the use cases of blockchains like Bitcoin are "smart property" contracts. There is a nice introductory article in the Bitcoin Wiki. In short: Smart property uses digital "tokens" that represent "real things" (goods and services) and give the owner a kind of access right. For example, if the "good" is represented is a phone, that token could contain a "unlock code" that is necessary to use it. Other ideas could be tokens that contain "legal contracts" regarding an ownership right between a provider of a good or service and the owner of the token, althought that would be a bit more complex because for some jurisdictions the contract would probably have to be changed, so the "access key" idea seems to be way easier to implement. My interest on that topic has increased in the last month because I thought such "smart property" contracts could be used to "back" Bitcoin in some way in a transparent good-and-service market on the blockchain. But I currently find very few information of the current usage/state of that concept - there are many old articles and forum threads from 2011 to 2014, some also related to altcoins. Does someone know if smart property is already really used now and what are the currently discussed implementations and concepts? Right now the tech we have, I don't think that blockchain can help anymore than being an intermediate between a transaction whether it is buying or selling of something or allocation of properties or bonds. Blockchain can only help in building a trust between the two parties since their transaction will be visible to all and hence there will be no fraud. What you are saying is something to another level. Some encrypted key to be used to unlock physical properties or things directly using blockchain tech is not possible as for now. But can be a good idea to research upon in Internet of Things. |
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If we go by present news, the Wall Street bankers are already divided on their views on Bitcoin. Where JP Morgan isn't really comfortable, Morgan Stanley seems interested in cryptos. Similarly all over the world banks are divided on their views on cryptos. Cryptocurrencies will indeed effect banks when it comes to investing over saving and global money transfer and bank adopting blockchain tech will help in solving the latter though. But I think in near future, bank will be adopting cryptocurrencies in their systems along with building their own cryptocurrency. Banks might incur some loss due to cryptos in some sector but are not going to fade away because of cryptocurrencies.
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The Bitcoin gold fork is still not sure to be happening on 25th Oct. They even haven't launched the testnet for miners amd they are just hushing right now. the possible fork project is disorganized, especially considering how quickly the date of the fork is coming up. But even if fork happens, holding the private keys of Bitcoin wallet will solve most of your problems. Don't keep your Bitcoin on exchanges during fork.
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Username: SummerBliss
Post Count: 244
BTC Address: 16E17cVzQ9V5CqHBbC5wp7nJjGSBm4V9wa
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Right now there is no bubble. User base isn't much and the target market is big. So whatever price rise is there is genuine according to high demand and a limited supply 650k Bitcoin a year which will keep on halving every four years. This trend will continue for a decade or so with some ups and downs. But a bubble will definitely build up later and will pop out too as demand only can't sustain a market until there is some unbeatable real use. But nothing to worry as for now.
Loot is always there. It's not the reason. It seems to me that the price is stable because whales don't make large purchases. They are slowly buying up coins so as not to unbalance the market. After they buy out the entire volume of coins the price will go up again. The reason behind the whale controlling the price is small market. There are bulk holders and can easily drive the price. But with time the distribution of bitcoin will get uniform and whale will lose the hold. Whales have nothing to do with bitcoin bubble. Bubble builds up when the only driving factor for the price of a commodity is demand without any intrinsic value. This will definitely happen but will take some years to pop up. |
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i am kinda new to Cryptocurrency .
i am going great in stocks. its really technical and fundamental kinda investments
as i see Cryptocurrency its alot more easy to invest and forget
should i shift to Cryptocurrency and start investing without tension and stress?
As an investor i could say that crypto market has great future compare to stock market i har tried investing in stock market as well but i am not happy with the profit that i am getting in investing in stocks aside from very low profit it take so long time before we could atleast around 10% it take years in some investments i made. But in crypto in just a few months i had earned more than to what i had expected. The low profit in long term depends upon the stock you are investing. There are penny stocks as well which have potential to give incredible returns in less time period. But They are risky just like low cap altcoins which too involves huge risk. Its is all a matter of risk, higher the risk higher is the profit. |
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All the recent negative news got absorbed and there is no uncertainty in Bitcoin market. Recently ICO ban news from one of the dominant country in crypto market, South Korea didn't show much impact on the price and the price is bullish irrespective of that. Resistance level of $4000 and $4200 has already been crossed. I believe bitcoin will touch $5000 by mid October.
I believe that bitcoin will NOT touch 5000 USD by mid October because of the incoming hard forks. Hard fork supporters and Segwit2x enemies are preparing another hit for the bitcoin price,but this will be a good opportunity to buy some cheap bitcoins.Anyway,i`m pretty sure that the bitcoin price will hit 6000 USD at the end of the year. But I think this time the price won't be affected much like earlier fork where price dropped by 40%. This time the community is aware and might not panic sell. Regarding the fork. It is still not very clear whether it is happening or not. But I hope if happens it won't be drastic as until now the consensus are not clear which might lead to chain splitting. |
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Before November, Bitcoin can reach $5000 and may fumble a little before fork. Therefore, Bitcoin will be hovering over $4800-$5200 before November. After the fork, if everything goes well and there is no drastic chain splitting. Price will boost amd might touch $6500-$7000 by end of the year. If some drastic chain splitting takes place, price might stay at $5000 only.
There's definitely uncertainty around the fork, which leaves me feeling more bearish than this. I've still got Masterluc's bearish zig zag scenario in the back of mind. IIRC, he called for $2300-2400 area. Fairly deep correction for a Wave 4 (by his count), but not out of the ordinary. If the $4250 area breaks down, I may start hedging more. It's really hard to say what the price will be after Segwit2x. For one thing, it could be a non-event: NYA signatories could back out and the fork might be largely ignored. Or it could be a nasty permanent network split, the likes of which we've never seen. I think it's too tough to say this early. I prefer to watch the charts for clues for the moment. But I think the community this time is more aware and won't panic sell like July before fork. Situation would be far better than that where the price dropped by almost 40%. I don't see such scenario this time. |
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myetherwallet.com is quite safe. But be aware of fake domain names. There are tons of hacking attempt when it comes to mytherwallet. You'll get mails, slack notification etc to check you funds in wallet. Never do that. Mytherwallet never asks for anything through mails or slack. People get hack because of themselves and their stupidity. Always be cautious when it comes to your money be it exchanges or wallets.
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for me after mine coin I sell immediately. dont care it go up or fall down. just try to get my fund back soon as possible
This is the worst way of trading. You need to understand the coin you are investing in. If the coin has the potential, it can easily recover from a dump. Then there is no need to sell a coin immediately after a dump. Unless the coin is completely pump and dump one or just a shit coin with no project working, there is no need to sell at loss. |
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