But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?
I believe trading is risking HODLING LESS when, HyperBitcoinization.
the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming. But would you consider the average member of Bitcointalk a "profitable trader"? I believe that the average member would be taking more risk of HODLING LESS if indeed we're on the road to 6 digits. if you hold less you are not taking more risks, you are missing opportunities and it is a different thing. not to mention that the more you invest the higher risk you will be taking no matter what the price is going to be in the future. bitcoin is still new and very volatile and there are still tons of ways that people can lose their bitcoins from losing the private keys to faulty wallets.
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first ask yourself "what is an ICO?" when the answer to that question is "a scamy way of raising money by giving away a useless token to idiots who throw away their money" then you will get your answer to this question too. in order for that kind of scam to succeed you need as much hype as you can get. so the most hyped up token and platform in the altcoin market is the best choice for that purpose. none of the ICO makers care if ethereum is the shittiest platform among all of them! additionally they want to do it as fast and easy as possible. so again a platform that has lots of similar tokens which they can easily copy is the best for their purposes because they easily copy the code from another one whereas if they chose another (better) platform like Waves then they would have had to write the code themselves and 90% of them don't even know how to do it!
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considering the fact that over the course of last two years a lot of better smart contract platforms have been created which solved a lot of the problems that ethereum as a platform and as a token has, i have to say i don't see that much of a future for this platform anymore. not to mention that ethereum has lost the market to these platforms as soon as the scam ICOs (which were the only reason why it was number 1) started dying. although you shouldn't underestimate the centralization power though...
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But what is your goal? To hedge against this dirty, rotten financial system, and HODL what will become the gold standard of all the store of value assets? OR trade and make fiat?
I believe trading is risking HODLING LESS when, HyperBitcoinization.
the goal should not be this or that if you want to be successful in my opinion. fiat isn't going anywhere and neither is bitcoin. if you ask me a good strategy is when you accumulate bitcoin while increasing your fiat (profit) at the same time. and that is possible with trading although it is time consuming.
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It's very risky to mine bitcoin in the middle of a bear market, when electricity costs potentially could rise while profits from bitcoin mined drop. Probably the best time to mine is in the late stage bear to early stage bull market.
the risks aren't any different from any other time because of the way bitcoin is designed to be like with its difficulty adjustment and the competitive market. the reason why this "company" and many other newbies like them failed and lost a lot of money was because they weren't planning on making profit from "mining"! they were planning on making profit from bitcoin price rise to the moon and they did it because they were newbies who got caught up in the hype of that time. otherwise there are thousands of other miners who have been making profit all around the world because they educated themselves before jumping in.
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Since Bitcoin appeared it has been controversial. Its value increases gradually. But there are also times that fall after the Hark fork. So if you do not have hark fork, the price of Bitcoin will increase or decrease
I don’t think hard fork made bitcoin dump because the price is already expected to dump after hitting the peak and look at those hard fork, they are useless now and still bitcoin are not that high. Hardfork is just a normal altcoin because they can’t beat bitcoin and they will never be like bitcoin so nothing to worry about. the only case when a shitcoin caused bitcoin price to drop was the latest one called BSV and that was purely because the market was ready (the whales were desperate for a reason to cause panic and short bitcoin to make money) and also because it was not just a fork, it was a lot of FUD online against bitcoin creating lots of panic. and as we can see now, the effects didn't last long. it only provided whales with a big accumulation opportunity.
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i disagree because generally speaking the centralized coins have never been good in the long run. there is always a huge risk involved in them because they inherit a centralized point of failure, in this case a guaranteed one. history has proven that every single exchange will get hacked and most of them have a high possibility of turning into a scam. Binance may not scam any time soon but a hack is right around the corner. with that happening you can be 100% sure that their token will get dumped hard. apart from that BNB is currently over pumped and is a huge bubble that needs bursting which means holding it now, you would be holding onto a bubble.
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mining always requires a lower electricity cost and preferably a cheaper equipment access too. if you have that then you can make it profitable and if you don't it doesn't matter if it is a pumping season or not, you will have trouble making profit. as for the market trends you always want to mine when coins are being pumped and also it is preferable to switch between the coins to always mine the pumping coins and not so much as those that are done pumping and have entered their dumping phase. (it is best if you ask these questions in the altcoin mining board.)
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Never heard about lee but predictions that are quite reasonable, but at least cryptocurrency never go back $3000 in this year or so. in 2020 will be great
He has been predicting since last year but his prediction didn't go well. I stopped and looking at the possibilities of good run for this year. All of you should look at the charts right now. Bitcoin just passed $5,600 in some charts. And the other charts shows $5,500. Looks like the words of Tom Lee is starting to get into shape but I don't want to expect again with such predictions. I'm still observing the market if we're really going to a good run this year. whatever Tom Lee says is always going to be incorrect and he has proven that he either has no understanding of bitcoin market or he always says the most hyped up things for some reasons that we don't know them yet. but that doesn't change the fact that he will always be wrong. the only benefit he has is that he is always predicting price rise and with bitcoin we all know that the price will always rise so he will get lucky some times and go with the current trend but that doesn't make him right though, it is like shooting a dart in the dark and hitting the target.
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there will always be someone spreading FUD about bitcoin through different means, if it is not on Twitter with @bitcoin handle, it is going to be bitcoin.com or ... doing the same thing. we can't start banning the whole internet. all we can do is to increase awareness and fight back to prevent them from selling their altcoin to newbies while convincing them that they are buying "bitcoin" while they are receiving an altcoin instead.
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stats dont also account for spammers ...
true but it is only a certain small percentage of it. and the stats are only showing that bitcoin is handling that much transaction not saying it is all people buying shit. besides the thing you said about your example with exchanges moving large funds is not a common thing. for instance it is not every day that an exchange moves 600k bitcoin around!
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If you are still hodling that shitcoin you deserve to lose money.
There is no other explanation can be made. It is a shitcoin, it shouldn't have any real world value, its main promoter is a scam artist and worst of all, that scam artist is suing everybody who says that he is a scam artist.
Fuck Craig and his shitcoin. BCH is next.
Dude I'm not a fan of SV but I wouldn't call it a shitcoin. Millions of dollars of SV are traded daily and they have very wealthy people backing the development. What you said just isn't fair man. And BCH is a top 5 coin so calling that a shitcoin is just pure FUD. having a high volume or even a high market capitalization doesn't make a coin magically good! any shitcoin that can get pumped will have a high volume and a high market capitalization. what makes a coin good is its utilities and most importantly its innovations. all these fork coins did was copy bitcoin! that makes them a shitcoin. additionally they have the disadvantage of using bitcoin's name and blockchain which makes them even bigger shitcions because a real project will always start from scratch instead of abusing the "fame" of another project.
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well you can't expect scammers to ONLY scam those who invest in them and not scam others like those who "work" for them! when you decided to advertise a scam project for a scammer running an ICO scam, you should have expected to get scammed like this. that is how these people work. the only way to fighting back is to stop being desperate for the tiny amount of payment and never participate in advertisement of any ICO.
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Take into account the remaining coin holders, even if there is only 29 percent of them. What should they do?
that is the risk they should have knowingly took when they decided to invest in a centralized shitcoin abusing the name of bitcoin and scamming people while doing it. You do not ban currency just because of its stupid founders who make idiotic statements. Think about people.
well centralized altcoins are defined by their founders! as a matter of fact these exchanges should not have been greedy enough in first place to add this useless altcoin to their platform the day it was released instead of now thinking about removing it.
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no, that is not the problem with IEO, ICO,... and it is not the reason why they are considered bad or even fraudulent.
the problem is that regardless of what 3 words they choose to describe themselves, in the end they are raising funds to produce a token that has no reason to exist otherwise because it has no usages. then those funds goes in their pocket and they don't do anything else apart from releasing that token! and that is the main reason why all of them always go down in price and eventually die after a while.
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I am thinking about studying who's really working on implementing the blockchain to see if it's just a buzzword or if the majority of the companies are really investing in it and not only talking about it and about their ideas by searching on the internet informations for example.
check out the recent survey that was performed by StackOverflow. they had two question about blockchain technology and what developers think about it. interesting enough majority of developers are saying that blockchain technology is NOT used by any organization and it is wasteful of resources. interestingly enough, most of those who voted otherwise were less experienced developers! (not this is about the blockchain technology not bitcoin). https://insights.stackoverflow.com/survey/2019/#blockchain-in-the-real-world
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i think its a good things to bitcoin, but as we know that its not easy as that, its hard to fork bitcoin and destroy 1 Million Bitcoin on satoshi wallet. we dont know who is satoshi. and we dont know anything about the bitcoin system when we want to destroy satoshis bitcoin
there is absolutely nothing good about this! first of all you don't know and you have no way of knowing which coins actually belong to Satoshi so you would be guessing and destroying any coin of anybody who mined bitcoin in early days! secondly you are not allowed to touch other people's bitcoins! doing that would defeat the whole purpose of bitcoin and turn it into a shitcoin right away.
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I consider both of these coins a fraud. I would not advise buying these coins. I think that these coins will cost zero in the future. It is very risky to buy these coins.
BSV is going down to the ranks after it was delisted in some major exchanges. If most of the investors of BSV and BCH will come together and support bitcoin, we will all have a very good day. But seems that many beginners are mislead of believing and being informed that BCH is bitcoin. Looking at the volumes and exchange rates, BSV is doing good now. The coin lost around 30% of its value after it was desisted from the major exchanges. But during the past 2-3 days, the prices have stabilized. it has not stabilized yet. the volume has dropped drastically so did the price of it. that only thing that looks like stabilization is the slow down of the dump which is a normal thing in any market after a huge dump occurs. usually it slows down because whales want to let the market breathe a little bit and let the buy orders from newbies pile up before they continue dumping to make the most amount of profit.
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just because you got hyped up and earned some small amount of money by wasting a LOT of your time it doesn't mean hype is a good thing over all for the whole market. in fact hype is one of the worst things that could have happened to the blockchain technology because it has literary killed the innovation.
look at coinmarketcap.com for example it is filled with shitcoins specially on top of the list. why? because the shitcoins on top are most hyped and get the biggest pumps and people stopped caring about innovation and started only caring about profit.
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However, one analyst, Murad Mahmudov of Adaptive Capital, is predicting ...
these are literary random people on the internet making random guesses. my theory is that at least 90% of them are "gambling" (with their statements not with investment) which means they make the bet to make an outrageous prediction like this one here. there is only two possible scenarios with the "reward" being a lot more than the risk. 1. this bullshit guess never comes true. the result is that the bullshitter is just another idiot among thousands who made bullshit claims and be forgotten easily. 2. the bullshit although unlikely, actually comes true. the result is a quick raise to fame overnight as a "prophet" in the market who predicted it correctly! this will last a short time though since their subsequent "bets" never win
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