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7981  Alternate cryptocurrencies / Altcoin Discussion / Re: ICO's With Products Already Developed on: September 28, 2018, 05:29:22 AM
A very good way to advertise your own product but you have some pretty good point. Before going on with what I have to say to what you mentioned about ICO and product, your project actually seems interesting and I may be digging more on that for details and how to participate if I get convinced.

Back to the main topic, the thing with so many investors today is that they always prefer to stick to the surface and leave out those things within that are important. Product is an important thing for a project's growth and without it, unless may be the team decided to work on it later on, which is even a risky move to make for an investor, there will always be a problem at the end.

The best thing is to always see the availability of a product and how relevant it is to the real world as people can easily build any app these days and call it a product, and then it is from there you will be able to judge if this would be worth investing or not.
7982  Economy / Gambling discussion / Re: You cannot win in gambling on: September 27, 2018, 04:08:52 PM
You can win in gambling is you know when to stop. You need first to set your goals. How much profit are you looking into and do you have funds to start with. Once you reached your goal, walk away. You also need to set a stop loss, its your protection against sudden change of trend and price goes down again.
Right, if you can stop after losing, or if you can set up a limit before a game, you can win in gambling.

This could be the ideal situation if people can restrict them self to certain limit and do not go beyond that as it can lead to heavy losses if people continue gambling or do not put a control. Thus this people might get addicted sooner or later .
Right from the onset, the ability to control your self is the only way you will not end up becoming an addict in the long run. Most gamblers tend to set their mind by default towards winning at all cost and that itself has really cost them a whole lot.

As long as you know gambling is just a game of luck and for most part of it, you will be prone to losing more than winning, the ability to control those impulses when it comes to try to chase some luck or winnings will be an easy thing to achieve. Everything in life requires control and if you end up not being able to, whatever you cannot control will end up controlling you.
7983  Economy / Marketplace / Re: Main reason behind crypto currencies red market in 2018 on: September 27, 2018, 12:12:43 PM
personal idea
I think the worst phenomenon on the market today is control and fraudsters, they are destroying the balance of the market, and many investors leave the market because of fraud, which has caused many people to start worrying about the market!

Mostly among the new beginners it happens a lot that they get carried away with the type of recommendations people make or ask them to invest and get x amount etc and in the end they realize that they where scammed and they would not like to come back again .
I want to believe it is the mindset of getting rich quick that a lot of newbies have set for themselves is the reason why they get so emotional easily and they tend to make the wrong decisions most times when it comes to a market. The market is just in a healthy correction, but when a market is down, this is not a time to be bearish on the market, but a time to be accumulating.

Moreover out of fear, people bail out at loss or fail to take advantage of the dips and instead all they do is to hear the market going up rapidly and then FOMOing until they eventually miss out a lot. Life is all about learning the perks and being able to deal with every situation for your benefit.
7984  Economy / Marketplace / Re: Watch out for the scams out there on: September 26, 2018, 04:42:24 PM
If people have little bit of common sense then most of the scams can be avoided because most of the scammers aleady have negative trust or untrusted feedback and also if they don't have we may assue they are scammer from the offer they are making and always remember that you need to look for an escrow when you ment a person on online for trading or exchanging.
Yeah you are right; scammers also give such benefits that are too much for a new coin and project. Checking the project is mandatory before investing your money in it. by doing this you will be safe. Never trust anybody easily because they will show you a shining future, but the facts are different from what he offers. I always invest in bitcoin or Ethereum.
The only way anyone can easily identify scam most especially when it comes to ICO is to be able to take a deep look on the team for starters. You cannot expect something serious from a team that is non serious or looks unreal and in that case, you really do not want to be investing your money in such places.

Scammers tend to use fake profiles most of the time, and they will always end up leaving some footprint as there is no way they can ever get it right like when a team is doing the real thing. Secondly, the product availability helps a lot, but you really want to check if it is even a product worth investing in, in the first place.
7985  Economy / Marketplace / Re: Solution for your market problems. on: September 26, 2018, 03:55:32 PM
-snip
Some good points. I would say the personal problems a whole lot of people usually end up having is that they are not ready to learn and that would always put them in a position of making important decisions ignorantly and blindly. As long as you can find the ways to make a better decision for yourself in the long run, and you have the ability to analyze on your own, there is no way making a decision will be a problem and that eliminated any individual problem.

Crypto market on its own is still evolving and certainly, volatility and price manipulation are some things you cannot just do without at the moment until the market gets more matured. With respect to regulation, I believe as time goes on, all these would be a forgotten thing as most countries, will see the need to derive benefit from the space and without regulating, they won't be able to do that.
7986  Economy / Speculation / Re: Predictions if Bitcoin ETFs are approved on: September 26, 2018, 01:27:41 PM
another discussion would be the market reaction in which case the type of ETF wouldn't matter. the market may see the news as positive or a buy signal and start buying hence push the price up as it works with any other positive news.
Up till now, I still do not know why we still so much give so much attention to the price of bitcoin associated with ETF as the case may be, and I do not even believe any serious conclusion regarding that will be made this year, but absolutely because of the speculative nature of the market, people will always want to assume some possibilities for the market. The market has been doing well without ETF and I do not see any reason it should stop doing well without it in the long run.

I think when we have a Bitcoin ETF, that the price will go to 50.000 USD.
You must be wrong. Why not 100,000 USD or even millions ? I believe before an ETF gets approval, we are going to see prices to breach $30k levels too. I mean SEC may take some time and in between times bitcoin will prove its own capabilities.
7987  Economy / Speculation / Re: Settled at ~$6400 for now? on: September 26, 2018, 12:43:30 PM
This week that price is stable with more than 6000 dollars and I hope it will increase again. And Im still believe in the month of december it will pump again like more than 20k dollars. We do not want to see again below 6000 dollars so don't panic.
The price Bitcoin will never settle in one region because number of peoples are buy and sell at anytime so it should be raise and fall at continuously in the market. May be 21 million Bitcoin will released in the market we can predict some stable value of Bitcoin. I think december month we should expect some good result but 20k USD is unpredictable in crypto market.
Yeah seems like this, the price has stuck in this price. Just few hundreds ups and down but there is no big change in the price. I also wonder why the price is not increasing and why this bearish market situation is not changing in good one. Different people think differently about the future price of bitcoin. Some says the coming days will be good for bitcoin and other say that it will fall more.
The price is not stuck anywhere, we are only experiencing the market this way because the bears and the bulls are trying to see who wins the fight at the end of it all.

We saw the quick move downwards in a short while and then a quick bounce which I would call rejection by the bulls and a very strong rejection for that matter, but unable to have the power to go further, at least not just yet. As long as we are still below $7k, then nothing is guaranteed at the moment.
I do not think people have even given up yet, and whales surely know that as they would tend to want to shake it down to the point where even those who have been stylishly holding on will just see no hope anymore since they do not understand why they should be investing in the first place which should be for the future.

We surely are getting pretty close, but it is a thing of the mind and psychology and the whales sure know how to play it well. We might see some little uptrend before the end of the year, but that is when they strike again, make people want to pull out faster, and with that, we get to see the market moving down fast as even those who have been holding all these while lose hope, and then consolidation, and then recovery.
7988  Economy / Economics / Re: what are the causes of the continuous plunge in Bitcoin? on: September 26, 2018, 09:17:47 AM
At the end of May, Bitcoin hit a new high this year after a sustained surge, which began to reverse on May 25th and 26th. It once fell by 900 US dollars, a drop of more than 30%; China's bitcoin prices once fell to around 14,000 yuan, today About 14,700 yuan fluctuations.
Interestingly, the reporter noticed that the renminbi’s exchange rate movements from the onshore market are in stark contrast to the plunge in bitcoin prices. Also on May 25th, when Bitcoin turned down and fell, the exchange rate of RMB began to turn upwards.
The spot price of offshore RMB exchange rate CNH has risen from 6.8752 to 6.8498 from May 25th and has been rising all the way. Today, the intraday trading session of CNH rose to 6.8031. Onshore RMB spot exchange rate CNY, although closed today at the Dragon Boat Festival, rose to 6.8678 at 6.8860 on May 25 and rose further to 6.8525 on the 26th.
First of all is the short futures and long futures.
Well, longs are not the problem but the shorts are, I have seen a number that stated 53% of futures sold was shorts recently which means more people believe in bitcoin going low so much that they are willing to bet on leveraged numbers to get shorts.

Do you think bitcoin can succeed and go high and increase in price when the people that uses bitcoin mostly believe that bitcoin will go down and want to try and profit from this drop ? We will not be going anywhere high until the people stop investing into shorting and start investing on long term increase. Otherwise we will just be around these numbers.
7989  Economy / Economics / Re: We can totally eradicate poverty if we TRULY want to. on: September 26, 2018, 08:35:47 AM
If you have worked to be wealthy or lucky to be one, you should see it as a social responsibility to help the less privileged people in the society. If I may ask, do you feel comfortable driving past several beggars on the street when you have billions of money in your account that you or your entire family may not be able to exhaust in the next 100 years?
 
Think about this seriously. With the so much money in the world, poverty can greatly be reduced if not totally eradicated.
If we TRULY want to there is also enough food to go around the world feeding the whole population TWICE however most of that money goes to waste. I remember back when I worked in hotels whatever was made that day either was sold or went to trash, this was done so no worker would try to "not sell" something so he can eat it at the end of the day.

Stuff like these are just least of our worries considering there are fast food joints who make a lot of money and throw the food to trash at the end of the day. This is just food, considering how much money is in the world, some people and companies have so much profits and earnings that it can make EVERYONE in the world not poor with one quarter of profits.
7990  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Should investors trust ethereum anymore? on: September 26, 2018, 07:53:16 AM
Still, trust ethereum no matter how embarrasing it's price is. We cannot say that the performance of ethereum will no longer experienced some downfall. Afterall, eth is still part of an altcoin cryptocurrency. So trust on him no matter what.
There is a lot to still trust in a project as long as it has a real life usage and the issue most of the time with people is that they tend not to understand the part where market can generally be bound to be bearish and there is nothing anyone can do about it. However, bearish is not always the best time to join in the bearish sentiments but always the best time to look forward to accumulating for the long run which is what certainly a lot of people tend to not realize but prefer joining FOMO by default.

In my opinion, sometimes the prices and the quality of the projects go in different ways. I never doubt the value of ETH, nevertheless, the price is depended on many elements. If you trust in the value of something, you should hold it.
You must doubt the value of ETH as it is having unlimited supply and arrived here with lots of pre-mined coins. I am not sure about the value of ETH in both short term and long term. Moreover, in my view it is just a gambling. It may have good future if ICO platform will do good.
7991  Economy / Trading Discussion / Re: My luck is very bad for crypto trading 😞 on: September 25, 2018, 06:27:36 PM
when I login into exchange, for selling Doge coin, I was shocked, seeing that my coins were sold in 49 satoshi. I did not remember when I had a sell order.
The core reason why your luck factor is not favoring you is, you are not focusing for long term. If you are so, then probably you might have withdrawn your coins into cold storage and you might have enjoyed lots of profits. Who else would have set the sell order if you are not the one and why will you ever be trading at all without at least having some way to monitor your trade once in a while. I would not call that unlucky as you at least was able to make some good profit from your trade.

an education has realized that if you buy a coin for long or short time, then you should check price minimum one time every day.
In my experience, you never need to check your coins' prices everyday it is a thing of day-trading and definitely not for crypto world. Another important thing now is to just look for a better point of entry again, but at this time, it is obvious the doge market is correcting. Trading is not gambling, so luck really does not play much part in it.
7992  Economy / Trading Discussion / Re: Your greatest trading regret? on: September 25, 2018, 03:57:28 PM
How sad your Investment moment mate, Its estimated 12x times fold foim its price that you invested it. If you dump it now, the scenario will getting worse much better if you hold it until its quite recover to its price. And find another coin like bitcoin if you want a long term period or you can checked some good altcoins in coinmarketcap.
That is a pretty huge loss at the moment but it is not a loss until you sell at loss anyway. At some certain stage when it comes to investment, the only best thing you can just do as a person is to simply try as much as possible to be patient enough and then wait for the long term which most of the time it always end up a good one for a whole lot of people. Dumping at this stage now, will simply make it even more regrettable for him in the long run when the market recovers.

My greatest trading regret is the opening of a long position on bitcoin at a price of 20,000$ with a margin. Then I lost about 1500$.
The mistake virtually a lot of people make is not just only joining a FOMO, but at the same time, opening a marginal position without a stop loss where you can get totally liquidated and then losing everything before you even know it. I have never been a huge fan of marginal trading anyway and I have always been so skeptic about it. However, this indeed should be a huge regret for anyone and I hope over the months you have been able to learn from your mistakes and have made necessary adjustments.
7993  Economy / Trading Discussion / Re: The best way to profit in cryptocurrency on: September 25, 2018, 12:23:41 PM
There is no such way.
ICO is all SCAM!
Airdrop distributes useless tokens, the price of which is zero cents.
Either to wait for years that some kind of coin will rise sharply, and that is not a fact.

Quickly get rich only on Forex, but you need a knowledgeable person.
You can get rich anywhere as long as you have the knowledge to pull the market off but not like getting rich overnight anyway, it is a market and there is always going to be downtrend even in Forex and if you trade Forex even without any knowledge, you are bound to experience the same fate in the long run anyway.

Not all ICO are scams even though most of them are, it all depends on each individual how they are knowledgeable enough to know where they are investing their funds into and where they should not. However, it is, trading any market requires knowledge and people who do not put that into their attention always end up failing woefully.
7994  Economy / Gambling discussion / Re: Gambling addiction becomes more popular with young people over time on: September 25, 2018, 11:45:43 AM
I honestly blame games like pubg or fortnite or similar.

It all started with people gambling on cs:go and the weapons of sorts, there was kids who gambled with their skins on guns and suddenly it moved to people betting on esport games of cs:go tournies and in return get bigger skins and was capable of selling them on steam as well. That moved to fortnite and pubg and they started to this "cases" or so.

Mind you these are kids as little as 10-12 years old. They use their tablets and pc's to play games but their gambling starts there. Now those kids are growing up and of course started to gamble themselves.
7995  Economy / Speculation / Re: Three things not to do when Bitcoin prices are down on: September 25, 2018, 11:09:36 AM
There is one thing I do, no need for three Wink. I just keep waiting until it goes back up to a level where I can feel comfortable.

As long as you wait enough than there is no reason why you should be worried about price dropping. Market could be bear, everything could be horribly going to low, just focus on spending money you can afford to lose and you won't worry when the price is going down. You need to focus on not dropping but just the patients of the fact.

No three need or something just one thing and that is patients. If you wait enough than the price eventually goes back up and you profit from it. Sometimes quickly, sometimes takes time.
7996  Economy / Speculation / Re: BTC TO 3K$ on: September 25, 2018, 08:37:21 AM
BTC will go to 3k$ by DEC 2019, tons of people bail on it on a regular basis.
The governments,media and elites will ever fight bitcoin and cryptocurrencies in general as there cannot control it.  Bitcoin go back to $3000 in 2019 are things that one cannot believe and I have tried to come to this through analysis but it is not adding up.
Fighting is one thing that would not end up productive for them, which is one main reason why we have been seeing a lot of government trying as much as possible to see the ways they can at least regulate it and benefit from it than having to fight it.

This is something that brings a great benefit and over time the demand will keep on springing up and since we are talking about some global effect here, no country will certainly want to be left out of the whole equation as the case may be. We cannot say how far low bitcoin would go, but we can at least say there is a great future for it.
7997  Economy / Speculation / Re: When do you expect Bitcoin to hit $20 000? on: September 24, 2018, 06:45:04 PM
there are no chances for bitcoin to jump to $20k in the near future. Now there are no huge bumps in the price and the reason is that people are not so interested as they were in the last year. Due to low investment cap and low demand the price will not grow fast and $20k is a big price for bitcoin. Due to the current situation of the market it is clear that it will take long time to hit this level.
Well, that depends on how near the future you are talking about is like and for what it is worth, no one can really tell what becomes of bitcoin even in the next few seconds, so, the best answer to always give to situations like this is that at its own time, bitcoin would hit $20,000 and surpass it in the long run, as that is one thing I believe would happen eventually at some point as long as development and adoption keeps increasing.

many predict that the value of bitcoin will rise at the end of this year, and that makes me sure that the value of bitcoin is always rising every year, it could happen in the first quarter of next year
The value may rise at the end of the year, but does not mean it would be able to have enough power to go test the previous ATH. It is, I am sure bitcoin may still want to try out the bottom over again and then see how it is possible to break it lower but there could be some sideways movement or some upward movement before then and that in its own should be something to expect, but not like an exact price should be expected as no one can certainly know.
7998  Economy / Economics / Re: Why Cryptocurrency threatens governments on: September 24, 2018, 12:08:07 PM
The Internet has been a tool for freedom before, but now there are a lot of restrictions on its use, and this will happen to cryptocurrencies.

No it won't. If they fail to control bittorent they will definitely fail to control Cryptocurrency.. Cryptocurrency is more decentralized than BitTorrent.
Internet is not a good example. It is very centralized Cryptocurrency isn't.

 We should be very worried Howevery . We should be worried because they could totally control/regulate the Internet in order to capture Crypto World. The desperation is there already.
That is another way to look at it Smiley. Torrent has always been like the first decentralized way of sharing files and that is one thing they have tried to want to get rid of, but as long as things remain decentralized, that would always be a hard thing to achieve.

Moreover, I do not see any reason why we need to be worried if they feel threatened; as I believe the ability to control the internet would be something that could not be that very much possible, unless there is something I am missing. Highest we would see is regulation and that would be subject to fiat conversion most of the time.
7999  Economy / Economics / Re: What can be done to make bitcoin stable? on: September 24, 2018, 11:23:51 AM
I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
No price can be stable, at least not when you are comparing it with another currency and this is where demand and supply comes in. Secondly, this is a decentralized space and it is not like bitcoin can be controlled, however, a time may only come with wide level of real life usage in which there could be some equilibrium between demand and supply, but necessarily does not mean it would just get totally stable as the case may be. It is deflationary in nature and that actually makes it very susceptible to price changes a lot asides being decentralized.

for bitcoin stable prices I don't know. but what makes the market price go up is the holders themselves because why ordinary people always panic and sell when they go down or prices go up
It is just a market, and there will always be a point where it weakens against another pair or get stronger as the case may be. It is more like when a supply for bitcoin increases, it definitely weakens against the dollar and when the demand increases, it gets stronger. It is a law of demand and supply that every market operates in and as long as bitcoin remains decentralized and nothing is changed in the protocol, I do not see how it can totally get stabilized, or probably with high volume of real life usage may help in this case.
8000  Economy / Economics / Re: Do you have to make big investment before you can make profit in crypto? on: September 24, 2018, 10:29:16 AM
I really agree with your opinion that crypto investment is not always a matter of winning, what is needed is patience when the market often falls, but it's better if we hold on to bitcoin even for a long time because we know that bitcoin has a period good front in the future.
Yes, patience. It is always greed that makes a lot of people to do things they know their heart can absolutely not handle. This is a market in which we obviously know that things can change rapidly due to its volatility and then you see people taking loans and trying to see how they can use someone else's money to make themselves richer. The little you put into an investment today can yield great profit in the long run, if you have enough patience to wait for it.

It is not necessary for you to go all the way than you can afford before investing in cryptocurrency, however, I guess it is a common sense that the more you invest into something, the more the profit you will get and also the more the risk that comes with it as well.

Hence at the end of the day, it all balls down to you investing what you feel you can afford and not end up going more than you cannot as that might backfired, get you emotional and probably get burned.
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