sometimes a loss is better than a big loss. in technical terms use a stop loss order which is practically doing this for you. it triggers when price falls lower than your "tolerance" so you automatically dump the coin and prevent further losses.
it doesn't have to be a stop loss and automatic either. you can do it manually too. you just have to plan for these things ahead of time. for example you buy ETH at 0.07BTC and decide that you don't want to lose more than 5% of your money so you dump it as soon as ETH got dumped hard down to 0.0665BTC and prevent losing more money when it was really dumped hard down to 0.046BTC and then buy back at the bottom.
This is good advice. OP, if you're reading this, do take this advice in hand. Also, you shouldn't necessarily panic -- altcoins and everything in general has a chance to go back up in the future unless it's dropping very very low. Another thing you can do is make sure you don't put all of your money into investments. Make sure you keep some of it out so that you can keep investing even if you don't do well on your current investments. |
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...says Saudi billionaire investor Prince Alwaleed bin Talal. He added, "It just doesn't make sense. This thing is not regulated, it's not under control, it's not under the supervision [of any central bank]... I just don't believe in this bitcoin thing. I think it's just going to implode one day. I think this is Enron in the making..." Read more of it here: https://www.c[Suspicious link removed]m/2017/10/23/prince-alwaleed-says-bitcoin-will-implode-enron-in-the-making.html What do you think guys? Does his opinion have any real or historical basis? Or is his just a misinformed opinion? (Note: I know that this post should probably be in the child board Press, but most of the stuff going on there are just news postings and not much else. I just want to know your informed and intelligent take on his opinion. Thanks.) For most of his statement, he's making sense. He's essentially saying that Bitcoin is decentralized but in a way that may not seem super positive or reinforcing. As for the last part, it's solely his belief that a lot of people refute and do not agree with. I don't understand the Enron reference, however. Enron was a scandal that had a lot of false numbers and false claims. Bitcoin doesn't have that one entity to bullshit numbers. |
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You could use a coinbase debit card or something like a TenX card that would convert your crypto balance into fiat for you and in that way you could effectively pay for anything that requires fiat using BTC
Yea, the only way for this to work would be to get the btc over to fiat somehow. There are other ways for getting the btc to fiat though. You could just use the currency exchange here as well. However, if you're trying to ship, the suggestion for a debit card would be the best option for you. |
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Thanks for the input people. Im not looking for the large transactions, i only mine £75 to £120 in a month. Just wanting to sell what ive mined.
You could try out the currency exchange section here. Make sure you find a seller who is reputable and has done many different trades. Generally, you will be able to exchange around 100-200 euros worth of btc just on the currency exchange section. Most of the payouts are done in paypal. |
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i always believe in bitcoin and now its cross 5600$. day by day the price of bitcoin is increasing frequently. hope the price of bitcoin will cross 8k at the end of this year. so would like to only investment with bitcoin now. cause all alt. is down now without bitcoin...
You might run into some bumpy roads with your beliefs. Bitcoin is in a bubble as of now. The hard fork and the results of it could potentially spark a little burst. As of now, we've been pretty unstable around the 6000 mark. It rose all the way up to 6100 and then dropped down to around 5800. This volatility was expected at around the 6000 mark for the sell orders. However, we don't know how the community and price may react after the fork. If people dump instantly, there is a chance that it will create a pump and dump for btc itself. |
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I want to bring this back up to also ask:
Would it be a good idea to buy Bitcoin a few weeks before Black Friday and sell right after? Do you think I could make profit off of this?
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Looks like Bitcoin is really beating back the alts this month too; market dominance of BTC has risen to 58% currently, an increase of 10% this month alone. Good thing I got out of alts in last august. A month ago I thought the previous ATH of september the 2nd ($4975) wouldn't be surpassed anymore this year. See if BTC manages to maintain its enlarged market dominance after the HF and SX2.
You got really lucky to get out of altcoins last August. I assume you put your money into Bitcoin; this was a great move on your part. In the short term, we might see drops soon for Bitcoin. The hard fork might not fare well for the coin due to the extreme lack of support (at least that I feel) for BTG. |
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Bitcoin is not a bubble but is experiencing some sort of bubble right now for sure. With the HF and SX2 around the corner, masses of people are flocking into cryptocurrencies these days with sometimes huge amounts of funds. Also, a lot of funds have been allocated from alts to Bitcoin in the last few weeks; bitcoin dominance in the market cap of crypto as a whole was 48% at the start of this month, now 58%.
Exactly. I don't understand why people call the currency itself a bubble. That's not true. It's a legitimate currency built on blockchain technology. However, it definitely is in a bubble state. One thing I didn't particularly like about the video was when it was claimed that the adoption of blockchain technology does not mean bitcoin will go up. For now, the more that blockchain is adopted, the more people end up learning about bitcoin and the more investors there are. There will definitely be a limiting factor to this, but for now, not enough people know about bitcoin. It has the potential to rise even more, although, there will be a point where we won't be able to go higher in my opinion. |
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Do you think the value of Bitcoin gold is priced into the price of BTC, thus we will see a drop similar to the value of Bitcoin Gold after the fork?
To be honest, I haven't even seen many wallets openly discuss support of Bitcoin gold. The only exchange I've heard that will add the Bitcoin gold balance is yobit. Bittrex is under some heat as of now, but even they have stated that they will not support the Bitcoin fork. For most people, I don't think they will be able to claim their BTG asap. |
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Just because there has been a slight correction doesn't mean that it is a pump and dump. Of course, there will be profit booking at different levels. You can't expect anything else from financial investors. We will just consolidated before moving the next move upwards.
I agree that this is possibly just a correction to come along with the whole fork. I mean, a lot of people expected this drop to come very close to the time of the second Bitcoin fork and they are definitely not wrong to have expected it. People will end up getting their Bitcoin gold and dumping that almost instantly for Bitcoin, so you might not even end up losing much on this correction. |
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i wonder what makes you trust a new altcoin? what you're looking for in their company page etc...?
The coin needs to come across as professional. You also need to do research yourself. Is the coin needed? If it literally has no use in society, there's no point in putting your money into it. If you do believe that it has a chance to survive in the industry it's targeting, then go for it and put your trust and money into it. If something looks odd right off the bat, then chances are that it won't be a legitimate ICO. |
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I want to learn to trade and become acquainted with the field of crypto currency trading. what should I do? I am currently reading trading technical analysis but I do not understand technical analysis and a pattern. I tried to live trading I earned a .001 btc. I prefer more profit than trading.
You can test yourself out by giving yourself a hypothetical amount of money and then "investing" that in multiple coins. Treat it as if you actually put your money into it. Keep track of all the coins that you "invested" into and see if you come out positive or negative at the end of the testing period. If you come out negative, try to see what went wrong and how to make sure that doesn't happen again. If you come out positive, try going through the cycle one more time, and if you come out positive again, then put some money in. |
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I think that what is happening is a simple economics. I was taught in economics that once you have either fear or nostalgic feeling in market or product, it either help to push the popularity of the product positively or negatively .
Thus, in this light, whatever is happening is supporting bitcoin to continue the bullish movement and we know or have speculated (maybe rightly) that the incoming fork is responsible for this. This is causing holders to hold tightly and not to release nor sell because they expect some bonus in their wallet.
Again, because people are not selling, it then means few that are willing to sell will do that at a higher rate, meaning many users chasing few bitcoin available.
This theory is however anchored on one of the economics theories - 'the higher the demand, the higher the price'.
It's mostly because of the upcoming fork and the expectation of free money like during the last one. I agree that this is the reason why bitcoin is very popular right now. People heard about the Bitcoin cash fork, maybe missed out on it, and now want to make sure they don't fall behind on the trend. Along with that, however, Bitcoin has had the strongest growth so far. That has to be an aspect of the interest as well. |
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Every experienced trader will say the money management in trading is the important thing to keep your account alive and for my experience in trading I lose many accounts die first to bad money management and second for greed and getting more and more money, after all this bad experiences and when I keep money management in my eyes now I get my money adjusted with my capital and I required for every trader to give the most important attention for money management.
The rules for money management for me:
1. Make goals that could actually be achieved with your skill level
2. Always trade with a stop loss
3. Never over trade your account
4. Trust your indicators
5. Always protect profits
6. Trade with investment capital, not grocery money
and for you what is your experience with money management ?
For me, the major part of money management is: 1) Pull out of assets if it's needed for real life. It doesn't matter if the asset is promising. If something is needed for real life and to take care of yourself, get it out. 2) Don't test your luck. If you told yourself that you would withdraw when you reach a certain point, make sure you go through with it. You don't know what will happen tomorrow; it's possible that something could drop significantly. |
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After several failed attempt to buy ICO tokens recently i realize some people might be using Bot to make the purchase, i have spend 3 hours searching endlessly for any bot out there and i have found nothing. is there anyone out there?
I think people in general are cautious about buying ICO tokens automatically. They don't really know whether or not an ICO is a scam or if it will succeed. Think of it as the dot com boom (and bust) in 1999. With that said, I know that there are a few exchange bots that do crypto exchanges for you automatically. However, these do end up costing a lot of money. |
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Can bitcoin fall 2000$ before 2018?
I am logical . possible Because it can not control the dump of bitcoin if it comes
But by look at the Most comments bitcointalk.org . No
Bitcoin can fall to 0 before 2018 for all we know. It's just highly unlikely. It's like how Bitcoin rising to 100,000 before 2018 is unlikely as well. Essentially, no one can predict what will happen. Bitcoin has seemingly defied odds that many have put on it. For now, however, we do know that we are in a bubble of sorts. There is a rise in btc price due to the upcoming fork. People will be dumping bitcoin gold very quickly. After that rise, there will be a decent correction period. |
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Hi there
I'm from Australia
I'm looking at getting 2x AntMiner S9
they are the most powerful bitcoin mining machines after reviewing a comparison of the available bitcoin mining machines
I'm wondering if anyone has had experience with these machines
I want to know what it's effect on your power bill is
It also says you should use 1400watt psu minimum for these machines yet they sell psus with lower amounts of wattage and hook them up to it? I find that a bit strange.
Im looking at setting up a pool for australia for people with antminer s9's
Useful comments only please
Thanks
For a while now, bitcoin mining has become pretty obsolete unless you have a place to store hundreds of mining devices. Don't run into the cloud mining scam either -- most of them don't work. To earn bitcoin, you could start off with investing some of your own cash and putting it in and then trading altcoins. Mining is just not nearly as profitable as it once used to be. |
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today is great day for bitcoin price up from from $5,600 to $6,054 Congratulations bitcoin
Yup, today was the day where we broke 6,000. There were a couple of weird drops right after hitting 6000, but it was probably just people who were selling at that nice ath. I think the price has potential to go higher during this btg bubble. We'll see how that goes soon. After that, it's possible that there might be a small drop of correction, or a bigger drop. |
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I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
Those who sell on panic sells, are that people who brings the profit to the whales. If you are a small fish, you should not be day trading on bitcoin, because you will most likely end up losing, you should be only holding and sell when you need the funds. I see bitcoin as a very long term investment, and I think that everyone should see it from my point of view. That's true, but if they bring profit to the whales, that means that they also bring a load of profit to those who are smart about when they purchase their bitcoin. The panic sellers are a part of the reason why we see drops and rises. They open up chances for people to purchase lower so that they can make more profit as well. May suck for those panic sellers, but if they're not strong enough, they shouldn't be in the btc market. |
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There was a time where Bitcoin was not even on the radar, it was a novel idea that was primarily used by thieves and drug dealers on the dark web. Nothing to be afraid of in terms of holding a monopoly on money. However, that same little upstart is now disrupting the system of things; from Bitcoin and other cryptocurrencies, ICOs and the ever impressive Blockchain technology. This is now a legitimate threat on traditional banks. Banks have existed unchallenged for hundreds of years, and that is the key issue here; Bitcoin, backed by a solid platform such as Blockchain technology, is a ghost that is incredibly hard to control due to its decentralized nature. The power and control of money is being ripped away from traditional institutions, which can also be seen on Wall Street. Some of these traditional investors are siding with what could be the future, while others vehemently denounce it. Individuals can now enter into direct peer-to-peer trusted exchanges with strangers. They no longer need a central institution to vouch for the other party. Just like the fax machine, the library, even metered taxis, new technologies have come along and made others obsolete. Banks are now in the sights of Bitcoin and are in their death throws, as they lash out with the power of states behind them. However, there’s no stopping progress, and even with state-backed regulations trying to wrestle the money of the people under control, banks have every reason to be nervous. Full news https://www.cointelegraph.com/news/why-big-banks-are-so-nervous-about-bitcoinI'm pretty sure that a big player in the whole banks fearing Bitcoin is the fact that it currently is a form of transaction that is being used on a wide scale without being taxed. It offers a system that is significantly better than what the banks can offer people especially because of the cuts that the banks take from the people's withdrawals and deposits. With bitcoin, users have no holding back, they are free to transact as they please without giving cuts to the bank. |
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