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761  Economy / Speculation / Re: Can BTC still have any rally before 2020? on: October 06, 2019, 01:14:16 AM
Stability and growth for Bitcoin in the future requires adoption as a true currency that can be useful for the masses as a real purchasing tool. Not just a thing you can use on some websites. The Bitcoin Blockchain, secured by the Bitcoin network, is probably the most immutable thing ever created by humankind. Ask yourself whether more and more people might find that immutability to be a useful property, and might start building more and more things that depend on that property. Then what was merely useful becomes indispensable. Ask yourself how much BTC, given its scarcity, might be worth in that scenario. but people are now more cynical, and less certain, about the success of projects just because they're Blockchain. i don't see any chance for a rally before 2020.
762  Economy / Exchanges / Re: Coinbase Pro increases the Fee's, BIG TIME on: October 06, 2019, 12:23:56 AM
Coinbase caters to whales. They charge 0% for maker fees at the $50M level and 0.1% for taker fees market and stop orders. they want to increase liquidity even though they selfishly decided to impose fees for limit orders at the beginning of this year. When the whales aren’t active, they become nearly dead. There is little to no liquidity especially with altcoins which makes Coinbase a lacking exchange especially compared to the exchanges that have much greater liquidity. they knows they have a liquidity problem and they think they can fix this issue by some menial changes to its fee structure. If they really wants to inspire trading for small traders, they have to reduce maker fees.
763  Bitcoin / Bitcoin Discussion / Re: There isn't always a clear reason why BTC went up or down on: October 06, 2019, 12:01:22 AM
Understand that Crypto as a whole is a small, unregulated market and is both susceptible to sudden mood swings, and deliberately manipulated by big players called whales. The market doesn't represent the actual money invested in the market, the actual amount is much less rather than you think, depending on which estimate you use. bitcoin is a small market too, with a potentially enormous future. Until the market matures over the coming years, players can make a significant impact on the price when they sell or buy large amounts of bitcoin, as more investors enter the space and bitcoin becomes more distributed, this type of manipulation by big players should become less of an issue.
764  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Altcoins ever come back again on: October 05, 2019, 01:16:16 PM
Altcoins are more of a gamble than BTC. If you want to be rich overnight just go gamble, if you want to invest BTC is still an option. It's the market leader and typically the market maker. You can buy Parts of a BTC, The reward may not be as great, let's say from here a 10x return on your money in 1-2 years, but that's FAR better than traditional investments, and you're risk is in general lower. Bitcoin claims to be a currency and it is working as a currency for years. Most other Altcoins claim to be anything else like platforms and are all far from real use-cases. Altcoins are more like playing penny stocks. The higher volatility means larger gains AND losses depending on the circumstances. It's really just risk preference. Some people are 100% in altcoins.
765  Alternate cryptocurrencies / Altcoin Discussion / Re: how to invest safely in cryptocurrency? on: October 05, 2019, 11:08:21 AM
The first one, avoid FOMO If it's pumping and everyone's talking about it, don't buy it. If it dips but nothing has changed fundamentally and you believe in your initial assessment, don't sell it. Second, Whatever you do for investment, wait longer than you feel comfortable waiting. Whatever a project is or isn't, it nearly always takes longer to become that thing than we imagine it will. Don't rush into buying unless there's a good reason. Don't rush into selling unless there's a good reason. third, Look at the fundamental use-case of the project. Only invest if you have a good reason to. Conversely, only sell if you have a good reason to. fourth, Don't purchase crypto with money you 'need' in any sense that directly impacts your quality of life. Crypto is highly risky, and any money you actually need should be invested in much safer places.
766  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 2019: Which coin is the most profitable? on: October 05, 2019, 10:40:29 AM
I think you can't find which coin is profitable. the only way to do the get rich quick is to buy a bunch of different unknown Altcoins and hope that one of them pumps and becomes something. That was fairly plausible in 2017, but sentiment is currently so low that the odds now are tantamount to gambling. A better approach would be to do some research, find a project that you think offers something useful, and hold it for a few years. Best case, you 10x in a few years. Irrational market behavior in the 2017 and 2018 bubble has made people think that huge gains are normal, but the fact is if you can double your money in a couple of years, you're doing very well, and if you can 10x it, you're doing insanely great vs. 99.9% of investments.
767  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is investing in crypto a good idea? on: October 05, 2019, 05:56:17 AM
BTC or anything else, I'm not going to tell you what to invest in but I'll say this. What you choose to invest in depends on what you think Blockchain will be used for in future, and what you think the regulatory environment will be, or will Blockchain even still exist in its current form. If you think that currency is the best use-case, then that would lead to one set of conclusions about what to invest in. If you think that currency is the best use-case but you think governments will crack down, pushing Cryptocurrency usage into grey markets that rely on anonymity and true Fungibility, that would lead to another set of conclusions. If you think that non-currency use-cases will carry the day, that would lead to yet another set of conclusions and within this broad non-currency category, there are a ton of other sub-categories to think about.
768  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Alter coins will moon very soon. on: October 05, 2019, 04:59:35 AM
I've never been a big BTC fan, and I think that in the long run various projects will surpass it, if not in absolute value then certainly in percentage gains. But for now, investors are choosing between a relatively safe-feeling by Crypto standards investment in BTC, vs. a lottery ticket with altcoins. Whether or not that's a fair assessment, having been burned before, most are choosing the former. So in the short-to-medium term I think BTC will out-perform altcoins in a collective sense. So i learned this lesson the hard way in the past. In a bear market if you can't cash out it's better to have the majority of your portfolio in Bitcoin.
769  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Alt season come soon? on: October 05, 2019, 12:10:29 AM
The mindset that the altcoin season is coming is predicated on a general Crypto bull market. I think btc's price performance of the past couple months have given people false hope, and another crash is just around the corner. The reason that BTC has been outperforming Altcoins recently is that investors in big name Altcoins are a smarter class of investors than BTC investors, and they realize this rally isn't based on reality, and is out of step with macroeconomic conditions. BTC has the show for now, which is stealing all value from the market. Once its cools off Altcoins will rise again from the ashes. Be prepared to wait another year if need be.
770  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoin's future. on: October 04, 2019, 08:09:36 PM
BTC is all that people can talk about and they are hearing and concerned about. BTC is what Crypto based people want at all costs right now. The market may or may not be over-reacting towards selling for and buying bitcoin. This will pass, money will flow into ETH, and then other altcoins at some point. worst case scenario, is that the institutional demand is so hot that the altcoins bleed more, while bitcoin goes on a tear as it gains more mainstream attention and momentum. Altcoins in my opinion will have their time to shine. They do have a huge place in this ecosystem. BTC will be sold for alts at some point. When, I personally don't know.
771  Economy / Speculation / Re: Bitcoin gains influenced by Tether? on: October 04, 2019, 07:41:36 PM
Lets use the huge drop in price that happened in the two weeks ago or so. Bitcoin went from $10,000 down to $8,000. During that time, a lot of people wanted to sell their BTC and convert to a stable coin, mostly tether. Because of this, the price of bitcoin was going down and the price of tether was going up.

It has to do with supply and demand. There was a large amount of people that wanted to sell their BTC out of fear and there was not as many people looking to buy BTC as it was dropping. This made the price of tether go up the $1.06 for a brief period of time before dropping back down to the stable $1.00. Tether it a stable coin because it is meant to sit at exactly $1 even. The problem is when the market rushes in either direction it can cause the price of tether to go up, When BTC and other coins are dropping, or it can cause the price of tether to go down, When BTC and other coins are booming.
772  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is the altcoin bull started on: October 04, 2019, 06:57:12 PM
When BTC finally hits a high plain and starts to pullback is when the altcoins will run again. Altcoins go down when BTC rises, and then the opposite happens. Altcoin's season may still be a few years away after Bitcoin halving. We need to see how high BTC will go first, but Altcoins season will be huge in my opinion. BTC dominance is already 67%. Same thing happened Dec 2017. BTC hit new ATH and it's dominance went up to 80%, Alt coins tanked. Then when BTC started to correct, Altcoins shot to the moon. Same will happen again.
773  Alternate cryptocurrencies / Altcoin Discussion / Re: Sell your altcoins and tokens TODAY, save yourself the frustration on: October 04, 2019, 06:27:15 PM
Some altcoins will do very well and I don't think all alts will dump just because they're altcoins. Two years ago, altcoins were exciting precisely because they weren't like bitcoin, in the eyes of optimistic investors, they represented the limitless potential of blockchain technology, which was going to revolutionize everything. Now we've seen that not all applications of blockchain technology make sense ,and even the ones that are viable will take longer to reach true adoption than people originally thought. People are now more cynical, and less certain, about the success of projects just because they're blockchain. They've had their eyes opened to all the uncertainties. The result is that altcoins are now seen as a sort of lottery ticket, maybe you pick the right one but the odds are against you.
774  Alternate cryptocurrencies / Altcoin Discussion / Re: EOS - Asynchronous Smart Contract Platform - (Dan Larimer of Bitshares/Steem) on: October 04, 2019, 06:03:09 PM
I've been wondering why we don't hear much of anything from EOS VC projects. No marketing, very little social media, it was weird. trust me, there are people who are glad to know this ahead of time and will avoid them. It also shows that they don't understand Crypto and the fact that dApps will lose credibility when the Crypto public finds out that the ownership is centralized. When it comes to VC's, there's always a hefty price to pay and fear of having ideas stolen. However, they're the best source for quick cash flow.
775  Bitcoin / Bitcoin Discussion / Re: If not a "store of value" or "medium of exchange" ... on: October 04, 2019, 08:48:50 AM
We have to be very careful to suggest bitcoin as an investment instrument. Bitcoin as an investment instrument is damaging Bitcoin as a payment method. If it is never anything other than an investment in the eyes of the majority of the world, then in my opinion, it's failed, regardless of the USD value. it's a kind of money. payment systems require money and money is useless if it has zero payment systems. Money is "the communication of value". A currency is the medium by which value is communicated. It's senseless to have more than one currency in the long term. The reasons we do currently are many and varied, but it is inevitable that this will eventually be seen as a relic of the past.
776  Bitcoin / Bitcoin Discussion / Re: Loan to buy Bitcoin? on: October 04, 2019, 08:17:54 AM
Taking a loan is not usually a great strategy. as a advice, I think its a bad idea especially for something as volatile as Crypto. Due to the global impact of Bitcoin it is very difficult to determine when it will be pumping or dumping. try not to fall victim to the low affordable monthly payment. Instead look at how much you are paying total. So if BTC collapses, you can afford $500 a month, but how does it feel losing $20,000 plus interest? Personally I doubt BTC drops to under $8,000. I am bullish and hold long positions. But its also a very volatile thing and I wouldn't be comfortable buying it on loan, but at the end i could say, If you believe in what your investing in then go for it. Having a $500 a month payment for having the slice of a dream is well worth it.
777  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin price recovery on: October 04, 2019, 07:42:35 AM
One of my close friends lost everything based on this mindset. he lost all his Cryptocurrency and fiat assets, and I have no one to blame for this, except himself. Throughout the 2018 bear market, He accumulated as much BTC and ETH as possible. he believed in the technology and financial freedom that it offers. He studied at the university, He had a part-time job and most of the money he earned (even student loans) he invested every month in the purchase of Cryptocurrency. Despite the fact that the bear market reduced the value of his investment portfolio, he continued to buy, because he was sure that in the future it would pay off in one day. he was in my last year at university and thought that the Cryptocurrency would at least help him pay off student loans but he has nothing left now. he hasn't any opportunity to repay his student loans and he doesn't know what to do. Don't think about price recovery and follow the bear trend.
778  Alternate cryptocurrencies / Altcoin Discussion / Re: Mass adoption growing or decreasing? on: October 04, 2019, 06:33:01 AM
I read somewhere 6 in 10 Americans had heard of Bitcoin in 2018 but 5% of Americans have used it, thereby I think at least 60%-70% of world population heard about Cryptocurrency in 2019 and 90% of them thinks Crypto is useless and a bubble. People know about it but nobody owns any. fortunately, mass adoption is more than hearing about something and it's mostly a slow process. General population should have a correct understanding of what Crypto actually is and the very basics of how it works. They should know about Blockchain technology and ledger that would serve as the basis for better calculating balance of payments and fast transactions. After that fiat currencies become less and less attractive due to their significant problems, and Crypto becomes more attractive through the advancement of it's technology. it will make "mass adoption" growing and builds a trillion of USD at Crypto's marketcap.
779  Economy / Economics / Re: Do you think Institutions secretly HODL Bitcoin? on: October 04, 2019, 05:19:00 AM
Institutions are a big factor in the market and secretly manipulate the market rather than do HODLing. They accumulate when people are fearing the market when there’s big dips. They have more money than they need and have plenty of patience. My opinion is they spend 70% of their allotted amount for Bitcoin purchases on dips and when it’s time for the market to pump, they all through in their remaining 30% to pump their previous bags and once the retail FOMO buyers get in, they dump the market once they realize the market is close to peaking, what I would do if I were wealthy enough to do this.
780  Alternate cryptocurrencies / Speculation (Altcoins) / Re: XRP rises quickly! on: October 04, 2019, 12:09:11 AM
XRP is a good coin because it is supported by a strong and solid team, I hope that more companies will invest in XRP so that it makes crypto better in the future.
Agreed. hoping banks to be gone one day because of Crypto (like what Bitcoin Maximalists says) is just wishful thinking, it will NEVER happen. feel free to call me idiot but deep inside you know this is true. that's why I like Ripple and own a fair amount of XRP. You can't fight the banks, So why not work together with the banks? that's exactly what Ripple is doing, the company behind the coin has set its focus to include big banks in the adoption of crypto currency. Also, they are utilizing xRapid and looking at the fundamentals, if you can offer cross border services at a much cheaper rate at a much faster transaction speed, and they market that, they can potentially increase their customer base 100x. The more XRP being transacted upon, the more price movements we will see.
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