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7761  Economy / Speculation / Re: ETF Will Kill Bitcoin For Good” Investors Express Skepticism on: November 12, 2018, 02:24:45 PM
They are making this up, I am pretty sure I can find "investors" who think ETF will be amazing for bitcoin as well, I can find investors who say bitcoin will be a million dollars and I can find ones that say bitcoin will be a thousand dollars soon. There are all kinds of people around the world and all have their own opinions. No one really entitled to make others think like them, we all have our own thoughts.

Yes, I am sure this "investors" have did some good before but doesn't mean they will be right again, doesn't mean they will be anything again. Maybe some of them will stop being an investor, maybe already have after saying this. Don't believe in what anyone says, just go out there and do your own research on subjects like this, would make a lot more sense if you were the one checking for yourself.
7762  Economy / Speculation / Re: how will bitcoin reach one million dollars? on: November 12, 2018, 10:33:59 AM
so far bitcoin is at $9800 to hit $1,000,000 you need a 10,500% growth
if you multiply the market cap of bitcoin to 10,500% you would need tons of money
at $17,000,000,000,000
that is 17 trillion. damn where would we get all of that money? maybe in 10+ years is more realistic. but in 2020. that would be difficult. Im not sure how the supply would increase the price. but someone can tell me?
You do not need 17 trillion added to the market. Marketcap is not going up because people put money in it. That is not how it works. Right now without a single dollar put into bitcoin all the sellers can decide bitcoin worth a lot more and decide to sell no bitcoins under 100 thousand dollars and the marketcap would skyrocket because anyone who wants to buy bitcoin will have to pay at 100 thousand dollars per bitcoin prices, that is without putting a single dollar into bitcoin.

The logic that the more money comes in the higher bitcoin goes comes from the fact that if there are more money coming in that means there are more buyers which means sellers who sell for cheap will be gone and the sell order will be eaten by a huge chunk of buy orders which will increase the price. Simplest way but far from only way.
7763  Economy / Economics / Re: Why Minor Crypto Exchange Pulls Off Exit Scam, Steals All User Funds on: November 12, 2018, 08:10:04 AM
A small Canada-based crypto exchange called MapleChange and now the Pure Bit from South Korea has pulled off an exit scam, disappearing with user funds all in one month. The disappearance of MapleChange and Pure Bit with user funds has led experts in the sector to encourage crypto investors to prevent the utilization of minor exchanges with no reputation and cold wallets that accurately represent their holdings.

What is the motive behind all these minor exchanges, anyway?
These types of stuff can't happen if the companies are legally registered somewhere in the government and country.
If you have a company that is registered than you can't just "close shop and run away" because you are still a company in countries eyes and you still hold funds for the people and if you try to run away with it than it becomes a huge legal battle that will see you in jail, people won't risk jail time for these kinds of small numbers.

Hence, if you want to put your money in some company, make sure they are registered with the right places so you can be assured they won't be capable of leaving right away. They can still try to find a loophole that would allow them to keep bitcoins somehow by hiding it and just declaring bankruptcy but even that won't be easy to achieve.
7764  Economy / Economics / Re: LETS KICK OUT POVERTY USING BITCOIN on: November 11, 2018, 02:29:17 PM
I strongly believe in the ability of BItcoin and other Cryptocurrency to kick out poverty. This is a medium for people to switch from high-interest banks to a freeer way to handle their money, this is through cryptocurrency. If all people becomes educated on how it works, how we can trade using it or how can it be more convenient to transact with it, then sooner or later, people will start adapting the technology and leave the old form of money handling. Bitcoin can really be a way for us to breakout from the poverty line (doing bounties and getting paid for it is a first).
You people keep making it sound like bitcoin is some president, government or some god that will just come all the way down, dingle his magic wands and then voila, all poverty stricken people becomes rich all of a sudden.

First and foremost, we have to understand that most poor people are even restricted as they do not even have enough to be able to get access to the internet, let alone, understand what bitcoin is. Secondly, we also have to understand that poverty is not something that would just be eradicated because everyone is using bitcoin, that has a lot to do with the economy, when it comes to people ready to do some things legally to be able to do well for themselves, so I do not see bitcoin as some magical being that would just breathe out for everyone to become rich as that even depends on adoption.
7765  Economy / Speculation / Re: New Bitcoin growth in 2019 on: November 11, 2018, 01:45:46 PM
Experts predict $20,000 for bitcoin in the 2019. When will Bitcoin reach this point in your opinion?
I think the only bull coming this upcoming 2019 is not just ETF but also the companies that is getting bigger in the blockchain space. Right now, the miners and blockchain software companies the exchanges and many similar companies are both getting bigger by doing something new or getting funded for future investments.

The way the crypto space is being funded it wouldn't be a shock if the prices go up as well, a lot of companies depend on the price going up and a lot of VC capital is spent on those companies that believes price will go up. It means there is a lot of people and a lot of money riding on the fact that bitcoin has to go up.

ETF of course is an important part of this deal but not the only one, if ETF gets accepted than it is amazing but if not I still believe in the crypto companies.
7766  Economy / Speculation / Re: 2 big news - Bullish sing or manipulation? on: November 10, 2018, 02:06:28 PM
Manipulative - Hyping out coins which they do already baghold.
Non-Manipulative/ Full speculation- There might be an adoption or news but we all know that not all news will give a significant reaction on the market.
Which is one of the reasons why I stopped using fundamental analysis angle to approach the market, and would rather make use of price action ? What you have said is the truth, news or no news, they really do not affect the market that much as the market will do whatever it wants to do, and people basically just like attaching news to everything, and in the case that news is really nothing to be so keen about since they really do not matter much unless it is some big news that can bring about mass adoption, then it is not useful. What I can do is to look at the chart, and know exactly what I am looking for in the candles.

If that positive news could affect positive towards market growth, I think it depends on how every holders would decide in the long run.
Most holders really do not always care about news and all they believe in over the years till now is that the market will keep growing as more people keep coming in and the technology is something they can at least believe in forever and which would keep making bitcoin useful both as a payment method and as an asset in the long run. Bull run sometimes to me is just a distraction in which some greedy people have decided to cloud their judgment with. There is more to the market than just bull runs all the time.
7767  Economy / Marketplace / Re: Are You looking for easy way to make money and you want to be a billionaire ? on: November 10, 2018, 08:12:09 AM
Copy and paste any of that information online and you can see Google shows plenty of hits. They're all scams. They'll give you pictures of people holding cash, with Western Union receipts, etc.

If it were real, they would do it themselves, no need to go through the trouble of advertising like this. And if they were real, people would be looking for them, not the other way round.

Keep your Bitcoin and thank me later.
There are even some things you really do not need to be telling people before they even realize it is all just bull shit.
At this day and age of information, I still find it amazing to see people even trying out something like this. Of course, there are some people who may be greedy enough to fall for it, but they are as dumb as the person who is trying to scam.

Moreover, if the OP really has enough money to give out, buying a domain should not even have been a problem for him in the first place, that he just had to stick with using Gmail. Asides that, even with a domain, people should know better these days, that things like this are just some bunch of punks looking for easy ways to make money by scamming others.
7768  Alternate cryptocurrencies / Altcoin Discussion / Re: The Illusion of Tranquility on: November 09, 2018, 10:44:26 AM
Right now we are not in a tranquilized state, right now we are in a stagnant but hyped state.

We are waiting for the etf, we are waiting for 2019, we are waiting for the block halving and honestly we are waiting a lot stuff than just sitting around, I know it looks like crypto is in a state where nothing moves but it does in peoples minds all the time, until that happens we can't be just assuming the price won't change.

We need to consider the fact that bitcoin and all other crypto's are highly undervalued right now and move with that in mind, no matter where you got bitcoin you still got it cheap because the future looks promising for it. Until we are clear sure that we are not out of the water just yet, there is nothing we can do about the price but that doesn't mean we are just in a tranquility state right now.
7769  Alternate cryptocurrencies / Altcoin Discussion / Re: Some people here on BCH before the fork? on: November 09, 2018, 08:59:38 AM
I think there are two reasons that attract everyone's attention in this hard fork. Some people, especially traders have been preparing for a long time and holding bch to create profits from the pump that will occur. Some other people, on average beginners, want to get free coins and hope the coins can be valuable, such as other hard fork coins.

But before everything is done, it is better to analyze and understand every risk that can occur.
The main risk here is that bitcoin cash has no future, and unless they come up with some change in protocol that will be more effective when it comes to usage and not just some centralized bullshit that will leave power in the hands of some, no one who is knowledgeable enough will even want to dare consider it as a future investment. Highest it will just ever be, as it is already, is being a pump and dump coin.

Well, there is no doubt that the bonus it has given and the more money it has poured into the market is not sweet, but that is what it is all about. The idea of increasing block size is something that will not work well in the long run, and one thing as the market keep growing, there will just be more need for increase in block size, and the more the block size keeps increasing, the more centralized it becomes.
7770  Alternate cryptocurrencies / Altcoin Discussion / Re: Lesson from bear market on: November 08, 2018, 07:57:28 AM
Every market is full of ups and down and there is nothing anyone can do about it. It happens to stock markets and any other market you can think of, so I do not see how cryptocurrency market should be an exception and the fact that it is decentralized even makes it more volatile.
Yeah, and that is one thing we need to always realize and know that in most cases, we just have to either know how to adjust with the trends based on our decisions, or at least try as much as possible to be patient enough to wait and be focused on the future. Bear trend will always be a thing in every market, and it is not something that has to do with only the cryptocurrency market alone, so in every case, it is either you know how to trade, to be able to take advantage of it, or understand it is a normal thing but what is important is to concentrate on what the future holds.

There are many lesson learnt from 2018 cryptocurrency bearsh market. The important lesson i have learnt so far is to never trust what people say but what people do. The whole speculation about bitcoin rising up to $50000 was false and misleafing. I have been burnt, but I have learnt my lessons!
The main lesson anyone should be learning when it comes to bear market is that there is no cause for alarm and it is a normal thing for the market to experience every now and then, depending on the previous condition that led to it in the first place.  We also have to understand for most people who keep saying it has taught them not to HODL for too long, to also realize that when you are trading the market without knowledge because you want to take advantage of the fluctuation, you are setting yourself into more trouble of losing even more than you can imagine.
7771  Economy / Economics / Re: Price stability on: November 08, 2018, 06:59:56 AM
Price stability will not last long, because a stable market does not give income to cryptoinvestors and funds. I think that the wave movements of prices will begin very soon.
There is not even a single stability anywhere. So far, we have seen a lot of slight changes in movement, and the possibility of the market trying to move to the uptrend at the moment, all it takes is just a quick spike and then we will see the huge volatility kick in back again as normal.

It is understandable in most cases that when the market is trying to look for a direction, there is always usually a low volume, and then a lot of traders staying on the sidelines, which is a temporary thing, and not to ever be considered any form of stability at all, which in this case, the market for a while has been moving back and forth from $6k to $7k and lesser as we reach the apex of the triangle which in this case looks like a market which is ready to move upward.
7772  Economy / Speculation / Re: 2019 Will Be Remarkable for the Industry on: November 08, 2018, 04:51:11 AM
It seems that all the variables nesessary to have a great year has been put in place. Yet the expected surge in the price of Bitcoin isn't happening this year. I think the recent move by Bank of America will act as an important catalyst in what we shall see in 2019. Who else thinks this is bigger than Coinbase and BitGo put together? https://cryptoinfowatch.com/bank-of-america-secures-patent-to-safeguard-cryptocurrency-private-keys/
I really don't know what the price will be, I don't know what will happen to ethereum, I am not too sure how will nano survive from that fall. One thing I know is crypto companies are getting bigger and bigger each day. Coinbase out there offering women employees egg freezing options so they could keep on working now and get pregnant later in life, that much of hard work they need with now offices in Ireland and New York.

Mining company bitmain offering new equipment to everyone for different hashes, even AMD is offering crypto related products for people and focused on making a new ASIC product to help get the hash rate to electricity amount lower. There is really no way the world can see a decrease in number of crypto enterprises, there will be more and more investments and bigger players in crypto company world.
7773  Economy / Speculation / Re: Where is Bitcoin heading towards? on: November 08, 2018, 04:04:40 AM
The truth is no one really knows where it is heading. Yes we know that in the long term future the price will go up, that is the logical explanation, even if can't be proven by any metric by the looks of it everyone agrees 5 years from now bitcoin will worth more than what it is today.

Moreover, what is the end game for bitcoin, what we aim by getting it we don't know. Everyone knows bitcoin can't be couple billion dollars each, that is not remotely realistic, I personally do not believe it will reach 1 million dollar as well. I think 100 thousand dollars is the most realistic estimate, not big enough to be a dream and not low enough to be easy to achieve. However what happens next ?

What if it reaches 100 thousand, than what? What do we do with the cryptos we have and how do we use it. So, the next step after all this price drama should be to focus on getting bitcoin adoption all over the world.
7774  Economy / Trading Discussion / Re: Why Bitcoin won't grow fast as it was in 2017 on: November 07, 2018, 04:14:48 PM
Logically, we are not already in the year 2017. We are presently at 2018 which is considered to be the toughest road for cryptoworld it had took since its existence. Let's just wait for the right year to come to see another set of 2017 or even more than that.
That is what usually happens when you get to see the market over sold anyway as you tend to see some level of possible reversal, but we also have to understand that no matter what, the bottom may not even be reached yet even if we tend to go on a short term move upward. Apparently, judging from the fact that this market has been bearish since January, there is already a huge indication that this market has been bearish, so expecting some huge increase is something that will probably not happen, so I do not expect anyone to be thinking of the possibility of a bull run at this point in time at all.

we should not just be expecting the possibilities of any new ATH at all this year.
People do compare this year with 2017 just to find why we are not having similar growth as most people have realized that new ATH is not possible in 2018. Primarily what suddenly changed in 2018 which lead to have different market conditions from 2017. But, this is how most markets do work and we cannot blame anything nor anyone for that.
7775  Economy / Trading Discussion / Re: Reason why crypto market bull run on: November 07, 2018, 03:07:36 PM
The crypto market will bull run because some reason,  firstly because the total of market cap is very small compared stocks market and crypto market still young.
Yes, there is no doubt that the total market cap of cryptocurrency do have a huge chance of growing hugely and coupling with some of the things going on in the meantime, there is every chance that with mainstream adoption, we will get to see that happen eventually. Nonetheless, no one can tell exactly how things will be happening or when it will be happening, except to just keep the hopes up and know that no matter what there is a huge chance that we might see a huge light at the end of the tunnel. The market is growing and I really do not see anything stopping it.

One of another reason why market got a bullrun is people quit using bank and change to cryptocurrency wallet for better and safe financial especially for stable cryptocurrency
One basic thing with the crypto market is that the potentials are great and for the fact that it is disrupting the way things have been done in the past, which I believe that in the long run, we will get to see a lot of improvements coming up pretty fast which I am sure for those who understand that this space is one that will grow hugely, I am sure they will know that more bull run in the long run is inevitable, coupled with the fact that there would be a lot of huge development as well as some level of adoption that will greatly skyrocket the growth of the space.
7776  Economy / Trading Discussion / Re: Can I still get wealthy through Bitcoin? on: November 07, 2018, 02:31:11 PM
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
If your knowledge and capital are "sufficient enough" you may achieve that still it purely depends on your understanding of "what is wealthy". If you have enough money that you can call yourself rich than turning that into wealthy would be easier to achieve with bitcoin than any other investment chance. You can turn 1 million dollars into 10 million dollars, you can turn 10 million dollars into 100 million dollars. It is still possible.

Nevertheless, if you are not rich and you have a low capital of couple thousand dollars, not even enough to get one bitcoin, than it would be impossible for you to become "wealthy" by any standards.

If you mean wealthy by just "not having to work ever again", that is possible via altcoins right now, there are a lot of coins that promises x100 returns and that could turn your couple thousand dollars into couple hundred thousand dollars and you can get some other again and retry it and turn it into millions of dollars. Quite riskier option but only option left.
7777  Economy / Trading Discussion / Re: Story of crypto market on: November 07, 2018, 11:35:24 AM
Use margin in crypto trading is one of the mistake for newbie trader, and second mistake is did not use stop loss and greedy. Learning from previous trading mistake , we should be avoid greedy and create better trading plan. Become successfully trader need times and we should be pass alot of thing like loss, stress and others emotional, but by surpass it we will make our self become pro trader later.
The problem with most newbies is that they are always jumpy and in a haste to want to make every single money they can lay their hands on in the shortest possible time. That is not a bad thing, even though it can be a bad approach to trading most of the time but the funny part of it all is that they tend to discard the side of learning as much as they can before even trying out any market at all, whether a spot market or a margin market and that is how they pretty much get burned most of the time.

It is no harm to try out margin trading, as long as you know you can handle yourself, but in the vein of trying to approach the market without knowledge, margin trade can get you done before you even started.
7778  Economy / Trading Discussion / Re: Giving Bitcoin as a gift on: November 07, 2018, 08:34:04 AM
I want to give my niece some bitcoin, but she has to be 18 to have a Coinbase account. Is there a way for a 13-year-old to sign up somewhere for bitcoin, or is it strictly for over 18-year-old's? Good to get them familiar with this from a young age!
There is no harm in giving your niece bitcoin, but you need to let her understand what bitcoin is all about, the need to keep somethings secured, and how to at least manage herself in the space in the long run and if you cannot get all those done, with her not being able to make decisions on her own, or even understand what you are giving her, it is better you just simply keep the bitcoin for her until she is of age and she can understand what it is all about on her own easily.

You may give her a hint or at least commit yourself to let her know what you are giving her, and probably push her to go learn some few things on her own to come ask you any question, and when you are confident enough that she can be her own bank conveniently, you can push it to her. She does not need a centralized exchange before she holds bitcoin.
7779  Economy / Speculation / Re: Novogratz making predictions again hehehe on: November 07, 2018, 07:34:09 AM
That's why nobody trusts the crypto "gurus" like Novogratz. Grin
Can he just shut up and stop "predicting" anything.What's the point of acting like a clown?
Does he want to create a small bull run,by spreading optimism around the media.That doesn't work anymore.
Lol, that is the funny part, as old as most of them are, they just don't know how to shut up and go hide in a hole with their head deepen in shame but they just keep behaving like kids, who have not experienced life or probably they are just trying to gain some relevance, knowing the level of speculation in this market.

Whatever it is, they should know better that people don't listen to their bullshits anymore and in fact, all they are basically just doing now is to make themselves sound more like fools in the long run, and I can imagine if things do not turn out as he is imagining in his head, how many times he will have to change the predictions again in 2019 until he is eventually told to just keep quiet.
7780  Economy / Speculation / Re: Regarding Bull runs and speculations on: November 06, 2018, 03:16:22 PM
Im curious as to why many people "hope" for a bull run? How is this bull run gunna happen if everyone is hoping for a bull run.

I essentially think the mega run was last year, why would any new money come into it after what happened last year? People saw the rise and the crazy fall and loss it does. No one is in it for technology its all about wanting to get rich. I don't see how people think a bull run is coming..

Care to help me understand how you think this?

All i see in crypto is PURE speculation and everyone will agree with ANYTHING that helps them secure there beliefs in there own investment.
It is not that hard to predict right now because the volume is very low, not all time low because we have been steadily getting new people on the way and getting more crowded so even during stagnant boring times the volume is higher than what it used to be couple years ago but still low compared to what it can be and what it used to be. Now when the volume is this low it means the volatility is a risk for whales, when volatility is a risk than they do not get in.

Hence, when the speculators who has a lot of money can't get in during low volumes (because they wouldn't be capable of getting in and out without causing market stirrup) what happens? A calm market. When a bull comes the volume will naturally go up again and during that time they will come back and do something but until that happens we are fine.
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