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8001  Economy / Trading Discussion / Re: Why comparing cryptocurrency prices is wrong? on: September 24, 2018, 08:57:22 AM
The problem with people nowadays who want to invest is that they are looking for quantity and not quality and this would always cloud their judgment.

They believe if they can just put certain amount of money into some altcoins with some very low value, they can just easily turn out to be rich in a short time, just like bitcoin has made some people rich over the years, but that is always a bad mentality to investment. He does not have to buy 1 bitcoin and he could just buy some little, and then put in some few altcoins alongside as the case may be.
8002  Economy / Trading Discussion / Re: Where you take inspiration when you tired from trading? on: September 24, 2018, 06:24:19 AM
if I am getting tired of trading or something else, I will try to refresh my brain and mind by traveling with family maybe 1 or 2 days, after that I will return to the world of crypto currency again
Traveling is always a very good way to unwind, however, the good thing about trading, is that while you are refreshing, you can still always make do with the mobile channels and then trade on the go at any point in time. The inspiration for me generally is always there and since trading has not just become a profession for me, but I rather see it as a hobby. You know it is actually always fun when you see yourself making some good market decisions and being confident in the decisions you make several times.

Just take a rest for a week or so especially in case you feel that you are fully washed out. meet your friends, take your family to the forest or part nearby your home or just read some classics
I make sure always give out some time in the week off from trading and the thing is depending on your style of trading, with scalping taking most of one's time if you have to go that way and based on how you have to always concentrate on the market movement, I would say, in a way, for swing traders, or long term traders, it is usually not much of a problem when it comes to having time to always relax in between trades without having to monitor every single time.
8003  Economy / Trading Discussion / Re: Can you share your trading experiences? on: September 23, 2018, 02:50:06 PM
If you are a lack or trade knlwledge  you need to use For Learn like that Google, Youtube to learn how to analyze the market, coin, chart, ... Then follow the project to study it. Finally, you buy when prices fall and sell when the price increases, the most important is not to affect emotions trading..
Beside of that, practice can be good things to learn about analyze market, coin, chart, etc. If we can find some site that allow us trade with free to practice it will be good or maybe use small capital only.
well, so far, I may never do buying and selling again, because the market price tends to fall. so many of my mistakes in trading, ranging from holding it for too long, selling it too quickly, and much more. Well, you have to try it, because your own experience will make you better
Mistakes are always bound to happen and then we only have to learn from them before proceeding. I have had my own little bad times in trading as well, and I have always learned one way or the other from it. One thing with trading is that it is not something you can just simply get a full grasp of in just a short time as you would really need to practice a lot even after learning and then gradually gain confidence over time.

My trading experience lately has been good and I am happy I keep learning every day to get better even though I have been making good trades so far. This is because, to ensure staying competitive in this every growing market, we must keep learning continuously so that no market will not surprise us.
8004  Economy / Trading Discussion / Re: what profit do you need to close the long position? on: September 23, 2018, 02:16:18 PM
i normally do not keep much hope in amount gained for one year i expect around 50%.of im happy i will start to sell at small quantities to get price average.
I also hope the same. 50% is enough, I think if my investment gives me 30% profit I will sell some of my holding to get this profit. The price of bitcoin is not increasing and it is worrying thing because all the investors want profit against their investment, but due to volatility in the price many of the investors lost their money and many convert their money to Altcoin.

These are the major mistakes happening in the market because we cannot control our emotions when the market is kept going down. If we don't have control it is impossible to make money, you will make a profit only when you have patience towards the market fluctuations.
Control is not just only the thing, knowledge is one thing that is always required to make any good market decisions and the reason why a lot of people cannot control their greed is because they do not have a strategy and simply do not know what they should always do at certain points in time.

Ask some traders today, they will tell you they do not use stop losses in their trade, but in that case, what do you expect from such a person if the market keeps going down, or when it has attained a height in which there could be a possible reversal. The level of profit we need to book should be decided my the strategy we do follow bur definitely not by the wish we do make time to time. If we decide on our own wish then greed will come into play to collapse everything.
8005  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1 btc to 25 btc till' end of year on: September 23, 2018, 01:43:57 PM
It's impossible to make x25 in few months on bear market. But if ETF on Bitcoin will be approved ... everything is possible! You need to buy huge potential new altcoins like QuarkChain, Pchain, NKN, Tezos, EdenChain because some of them will make x50 in few months.
I wonder how people think when it comes to making money or they just think they will wake up one morning and all of a sudden just see what they have owned becoming huge overnight. If things happen that way a lot of us would have become extremely rich. In a bullish year, one could see something possible throughout the year, but in just few months, there is no way. Even market with huge potentials will require the holder to have some patience before seeing any serious move upward.

If you're thinking of potential profit if you have 1 btc then do something to make it grow and not just waiting for bull run, learn to diversify your investment like buying altcoins that is well established.
If the market started wholly as a bull year, one would have said the coins with great potential within the year can actually do that, but it is not like something that would just happen in days. This is a market and people should understand certainly that markets will not just boom all of a sudden just like that. People tend to look for quick ways to get rich and that is the main reason why a whole lot of them usually end up getting screwed and losing all their funds in the process.
8006  Alternate cryptocurrencies / Altcoin Discussion / Re: Spreading Wealth to poor areas through bounties. on: September 23, 2018, 09:32:35 AM
Sounds out of the box and something new that I haven't heard recently. But I am wondering from where you got the news regarding the Afganisthan girl who is making these things happen? But its good to hear that someone is stepping forward for the benefits of others.

I guess with whatever you have explained everything looks to me okay, as there is language problem thats you have mentioned here, I believe you have only google as option to do the translations and make them understand what is going on. Giving them knowledge about the Excel sheets and smaller things which are helpful in tracking the bounties can also help a lot so make sure they understand that one too. :-)
Really out of the box! Apparently, the person who is doing this would have been able to put a lot of things together before going ahead.

Nonetheless, I would not even say language barrier would be the issue here, but technological barrier as it would take someone who is actually ready to learn and could be a bit conversant with the way some things are used on the system to be able to understand whatever the person is teaching them. Whichever way though, this shows people being empowered and that is a good thing.
8007  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I wish I sold all my altcoins on: September 22, 2018, 10:25:56 AM
Dont be such a fool, altcoins can bounce back market today are starting to recover itself, now we see that we had to stay focus and add more patience at this moment because when time comes that the market be stable again we regret from waiting...
Nah, he is not a fool yet, he would only be a fool if he makes his regret drive him to panic sell, or he is not taking advantage of the dip, or when the altcoin market recovers, he gets greedy over again. The problem with people not having understanding the market and trends is one of the reasons why they cannot be able to make very good decisions when it comes to trading the market or investing as well.

Any thing anyone wants to do, the essence of knowledge should not be ruled out, and even if they make mistakes, they should always learn of ways to do it better, next time. Every experience in life comes with certain lessons to learn.

People get clouded by their regrets and what they did not do, rather than making sure that such a mistake they have made in the past does not repeat itself again, and how they go about it, is by learning all the things that would enable them make a better decision in the long run. The only thing here is that a lot of people are too lazy to learn, but they are in a haste to want to make money, Life does not work that way!
8008  Economy / Economics / Re: Can my economy be fulfilled in the future with Bitcoin? on: September 22, 2018, 08:06:18 AM
I think Bitcoin can only grant you some level of financial freedom if you committed to investing the coin to make some good money. Aside that, if you not making any investment in Bitcoin, i doubt how it will be possible for it to grant you financial freedom.
It all balls down to the level of knowledge you will certainly have anyway when it comes to things like that because as far as I am concerned, the only way anyone can make any tangible from this space is to be able to have what they can use to make decisions and that is the detailed knowledge of the space.

It takes understanding to know when you should obviously be buying into a market; it takes understanding to know when you should be selling and so many more. Overall, making sure about within bitcoin ecosystem will ensure that we are also into race and staying competitive.

Best way to stay in the zone where you can build up something substantial for yourself in the long run is by taking advantage of the opportunities that abound with knowledge. Bitcoin along with new innovations based on blockchain technology is going to dominate into every business and and every individual's life cycle, hence getting fulfilled in regards of economy due to bitcoin is almost assured one.
8009  Economy / Economics / Re: $414 Billion Alibaba’s Jack Ma: Blockchain Needs to Target Manufacturing Industr on: September 22, 2018, 07:32:55 AM
Manufacturing industry is huge and we all know with blockchain targeting this sector, it is really going to bring about great development to the manufacturing industry and the economy at large. He is totally right with saying that all the whole thing with Artificial intelligence, blockchain and internet of things becoming useless without being applied in the manufacturing industry, but I believe as time goes on, manufacturing industry will see the need to adopt these technologies and put them into practical use.

Manufacturing and transportation are two very big fields the blockchain is suitable and can help a lot.
Just we talk here about private blockchains, so the companies will have to be open for such change.
I guess that there are startups trying to create blockchains for such use, but they may not be that visible here on bitcointalk.
We have actually had some projects that have are targeting the manufacturing industry even though we all know that real life usage itself right now is really nothing but I do not expect things to just happen rapidly. It will take some time before we start seeing implementation of these things in real life practical usage and I sure understand the fact that this would be a very big industry to target and that would really bring about a huge development to the sector.
8010  Economy / Marketplace / Re: Trading, campaigns, gambling or mining? on: September 21, 2018, 10:04:49 AM
Which one would you prefer or best to earn? As far as i have come across, crypto is the best platform to have good earnings. We have many who have a good experience on it and still into it without a regular job. Many have left their main job after experiencing double income from crypto. Many have become millionaire and have changed their lifestyles. Which one would be the best to have good crypto earnings?
for now I am trading and bounty campaigns. because now I work in the real world and I make trade + bounty as a spare time job. and I also plan to mine next year.
This is best planning ever, if you have money try to trade and at the same time use your knowledge and get money by sharing your knowledge and information in some kind of campaign, if you will earn good amount of money you can mine as well, but at very first joining campaign which will help you increase your knowledge and your skills for trading as well as for mining.
About mining its required highly power full PC with graphics cars.You have to pay electricity bills too also they can be burn so they're risky too.Better to focus on Campaign and holding.
Unless you want to go with some of the new coins that still have very low hash rate, I do not think you will get the best from mining. Yes, with a good card, you should be able to get something that is tangible if you are certainly looking to do that for the long term and not just because of the short term. If you are looking at the short term with a PC, you might quickly get frustrated before you even start.

Campaign still stands a better chance for someone with not much skill, and then we have trading for those who can at least get to understand the basics of the market as well as how to trade effectively.
8011  Economy / Marketplace / Re: Why Bitcoin Will Hit New Highs - ETF Date August 10th on: September 21, 2018, 08:01:44 AM
the fact is that August has passed and the price is still low as usual. Some people have no idea about the future and they give false statements and new about the price of bitcoin. That is the main reason that I never believe in predictions about the price of the future. It depends totally on demand from the people and the market capital.
The difference is that August may have passed, but the ETF decision was postponed which was the reason you did not get to see anything. Nevertheless, I really do not think ETF will have any serious effect on the market as people just like assuming whatever they feel they want to assume in their head just to make themselves feel good. Whether ETF is approved or disapproved, the development of the crypto space does not stop at any point and it will certainly keep growing.

Very funny, if you don’t know what to say, please keep calm and watch than confusing everyone.
Not just funny as these people almost trigger FUDs among this community which eventually backfire at some levels. I also have requested many times in speculation board but not seeing any improvements from these types of people. What to do, they are also part of this forum and our life; unavoidable Roll Eyes.
8012  Economy / Marketplace / Re: Main reason behind crypto currencies red market in 2018 on: September 21, 2018, 04:41:53 AM
Yeah, Investors are spending their money on ICOs and new projets but this doesn't explain the bitcoin's price fall since all the market is falling.

I think the main reason is that people do not trust bitcoin anymore and want to get out with minimum loss.


In my opinion the main reason for red market is that all the predictions about the price in this year became false and people have dishearten and no more people are investing in bitcoin. The demand for bitcoin has reduced. Other factor is that big investors manipulate the market and they are sucking small investors. These are the two big factors which cause red market.
Predictions will always be false because no one can see into the future. People can say whatever they like and assume whatever they want to assume, but in reality, the only best thing they can do for themselves, is to just simply stick with what they see and not what they want to see happen.

The market may be red, but that does not mean it would be red forever, a lot of investors are already taking advantage of it, and it is just a pity that while some people are whining, the market is already recovering and they are back again joining FOMO. Doing the same thing over and over and expecting different results.
8013  Economy / Speculation / Re: Trace Mayer: "Bitcoin prices may fall further in 9 months" on: September 20, 2018, 12:36:27 PM
One thing you should know in this crypto space is that if you throw a rock into a crowd, you would hit hundreds of Professionals who just happen to know the exact price that BTC would be trading in the future and most of them turn out to be useless information, just do your due diligence, do not buy or sell because others tell you to, do your own research, trust your own gut and you would be fine.. sometimes.

He's one of the few people who I'd consider worth listening to. He has no particular axe to grind in either direction and he's a long term believer and he's been around since BTC was in the cents.

No one knows shit of course, but he's not some Twitter zombie.
Yes, what some people may not understand is that being a long term believer does not mean you cannot analyze the market and say it as it is. No one knows the future and it is just more like trying to speculate if there could possibly be more to the downfall, and in everything he said, I would not actually consider it false, because the market sure do have more room to go down in the long run except we get some huge news to take the market off the roof.

Expect the best and always prepare for the worst, that is always a way to play the risk game. Well, it is a good thing that Trace Mayer said 'MAY', so it is not a guaranteed statement and with that we should know out rightly that no one can know if this would be true or not since we obviously cannot see what the future holds for anything at all, let alone the market.

The chances are there, but they are just chances, things can change and we can see it skyrocketing and things may not change that much and we might see it go as low as $5k or even lower. So, in that case, I guess time will tell.
8014  Economy / Speculation / Re: The reason why it is stable on: September 20, 2018, 12:02:51 PM
I guess the reason why bitcoin has a stable price is because miners are mining sometimes or even stop mining at all. The supply of coins freeze and the price would definitely freeze to. Correct me if im wrong but i really believe mining and the price are linked. If one stop moving then the other one will follow.
I really do not know where you are seeing the stable price from in this case ?

The price has been fluctuating pretty much, right from the onset, and still doing that. Mining is just one piece of the technical puzzle; it is not like it certainly affects so much in the market.

Most of the times, I would say it is actually the price of the market that affects mining in the long run, as it may not be considered profitable and some may bail out, with the hash rates dropping and then those who are in get to have more incentives, that is just the way it works. So, there is nothing stable here, neither does mining affect price in anyway.
8015  Economy / Trading Discussion / Re: Paying for education on: September 20, 2018, 09:29:31 AM
It's largely considered to be almost a necessity to pay for some kind of education if you are planning on becoming a stock trader. 
How many people have paid for some kind of trading education, either focusing in stock trading or in crypto trading.
Do you think it's helped you?
What was your experience through trading education either paid or unpaid?


Paying for education is good but how people understand and use it on the right way is also important. Some people chose school for education but another take challenge direct on the field, up to them. Knowledge is basic ( first step ) and second step is practice, as long they do that, understand real market is more easy. Trust me.
At this day and age, that you can even get yourself educated on certain subjects easily, I wonder why someone will want to pay so much for it. In this instance with trading, there are so many resources and free ones online to learn from and as long as you take your time out to research, you will find yourself doing better quickly in the trading profession before you know it.

Moreover, there must be that eagerness and readiness to learn effectively and the curb of any mindset of trying to rush things so as to start making huge money. Things do not work that way Wink!
8016  Economy / Trading Discussion / Re: Risk Management on: September 20, 2018, 07:58:57 AM
Risks are inherent or always there whenever we talked about investment especially Bitcoin and the whole cryptocurrency community. But how do you deal with these risks? What are your experiences or even techniques in managing risks? In minimizing risks or even eliminating it?
I think you should have a better ICO analysis skills to get good rewards. Because I've been scammed by some lending projects and unmanaged projects. So how to overcome this is to look at the members of the business and do not participate in a campaign with too high bonuses. They are completely fraudulent.
Rather, the person should not just have ICO analysis skill but general market analysis skill to be able to manage risk. Risks are involved in investing, trading or whatever you want to do and the idea is to be able to know what the risks are, how you can save yourself to some extent from experiencing those risks. With that knowledge, you will certainly be able to discard things that would subject you to a higher risk and be able to make do with what you can.

Even outside cryptocurrency, there are risks everywhere and we can’t hide from them, it is knowledge that can only help us to minimize them. Most commonly, investing only with long term potential of the market where we are getting into is also considered as kind of managing risk and not just how you are buying the market.

Risk management involves a lot of things and as long as you can identify the risks with one of them being not bag holding a shit coin, then you will certainly be able to make decisions to minimize those risks. Risks are always there and the only way anyone can ever get the best from the market is to understand them and put up precautionary measures to limit them.
8017  Economy / Trading Discussion / Re: The major reason why suicide traders don’t want to use stop loss – part 2 on: September 19, 2018, 04:12:10 PM
Trading without use stop loss is the same like we put money in the casino, use stop loss in every trading activity is should be to avoided bigger loss. I was try trade forex in demo account without use stop loss and then finally i got margin call, will be the same thing if we dont use stop loss in crypto trading we have possibility to loss up to 90%.
This is even totally different from gambling in a casino, but I totally get your point. The thing with trading is that you cannot be 100% accurate as the market even with the signals, can still behave the way it wants, which is why you should always check your level of risk to profit ratio, to know if it is a market worth joining or not.

Stop-loss is one important part of trading which for those who do not even have trading knowledge, let alone a strategy and all they do is gamble the market, it would be hard for them to know where they should be placing their stop losses as the case may be.
8018  Economy / Gambling discussion / Re: Reason why 98% of sports bettors lose money long term... on: September 19, 2018, 03:20:30 PM
People do think sports betting is any different than stuff like dice. It is not, the odds are still there and favoring the house, if you think that you can win for a long term in any sort of gambling then you are VERY wrong.

There will be days when the team that suppose to win will win which means you make a small win however when you bet on an underdog you may lose or even if you bet on the team that suppose to win you will still lose sometimes. Which all comes down to house edge, there is house edge in dice and there are "odds" in sports which is basically house edge as well, you cannot win on long term.

Even many gambling houses are claiming that their sport betting platform is working as per the concepts of p2p, they are not actually in real time. This the core reason why we do get different results compared when we do bet with our colleagues in real life.
8019  Bitcoin / Bitcoin Discussion / Re: Pacquiao Vs Mayweather 2 on: September 19, 2018, 01:54:52 PM
I think coming out of retirement would be a bad move for him. He has a great record and a lot of money. If he loses this fight I doubt that he'll try to get another contract and get back to full time training once again and it would mean ending the career with a loss. Mayweather doesn't need to prove anything here and the stakes are high.
I think it's just rumors.
A really bad and indecisive move. Like you said, he has made a very big name for himself in the industry, he has so many deals going on and he would not want to spoil that with something that does not make sense proving. He is a champ already and it is better he allows it to stay that way and then enjoy the rest of his years in his great wealth than trying to prove a point that could turn out eventually not to be in his favor.

I like him, but he really need to take a little perch. I would not be surprised as the dude surely do have some huge mouth and can talk anyone down so fast with his mouth.

Moreover, I hope he is not getting above of himself already and only using that as an excuse. Once a boxer, forever a boxer until he just cannot fight no more. At some point, he definitely will miss fighting and maybe this is a time coming too soon for him already. This guy already has a lot going for him and I believe he would not want to jeopardize that though.
8020  Economy / Gambling discussion / Re: Taking a break from gambling on: September 19, 2018, 12:54:38 PM
Gambling's entertainment in the end, and if you're ever tired of anything in general, taking a break is a great idea, and you might even find a new hobby you enjoy in the meantime. In the past when I got tired of gambling, I tried playing video games like Counter-Strike or PUBG, and I was able to stop gambling relatively easy as I was always interested in those games. It's really a great test of your self-control when you're taking a break from gambling as well; simply come back when you feel ready, and you'll be alright.
That would be very easy for someone who sees gambling as an entertainment, truth be told, a lot of people tend to see it as a way to make money and then out of frustration and desperation, they get so engrossed and could not help the impulses as they strike. Taking a break from gambling is for someone who simply is still in control of himself and certainly is not seeing gambling as a way to quickly make money asides from entertainment, and knowing that he is using his hours to do something that is not really bring much for him, he should rather channel those hours into more productive things.
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