Well, to become a great trader than can earn a lot everyday, you must need to have knowledge about trading itself. You are pursuing something you need to understand first in order for you to do it properly. First you must study the basics in trading and probably you can call yourself a trader.
Yes, there really a huge difference from being a ordinary and casual trader to being a pro. It will take years of practice, learning the curve and few losses to be a successful one. Its not only knowledge that you need, but you need to involved as well lots of time in front of the computer and looking at the graph and studying which coin is the next big thing. Its relatively issue for newbie to enter, but the question is, are they willing to invest time as well to be successful? And they need to understand as well that trading is not a easy quick scheme, if they think it is then trading will not fulfill their dreams of becoming rich in shortest amount of time. |
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If by chance bitcoin reaches $10K today. I would definitely sell some of my stash and invest on altcoins. I will invest my profit on the top 5-10 altcoins today. I won't buy shitcoins even if they are cheap. There are a lot of altcoins to invest but most of them are really for short term only, but I would pour some money where I think the coins be worth in the next couple of months.
Its really good to not put all your eggs in one basket as we say. So its better you have this Plan B or some leverage with your capital in case something didn't went as planned in either of the ecosystem.
I really love those sentiments of people here. Very bullish about bitcoin but still not forgetting that altcoins is also good for investing.
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Its very obvious that bitcoin will never be embraced by Russia as long as Putin is in there. For one, they keep on contradicting themselves. Second, Putin would not endorsed anything that it can't control, not even if he has a good relationship with the founder of ETH.
And they did have their own cryptocurrency if I'm not mistaken and tax are horrible high. Do you think they target ordinary citizens to get their coins? I don't think so. My initial thought is that they are leaning towards crypto, but reading a lot of contradictory statement, and never seen any official stating the facts. I'm not surprise to find this news that they are not legalizing bitcoin in any form.
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Its has been reported already that countries like Venezuela and Zimbabwe are really into bitcoin. In Venezuela where the economic depression due to politics is still ongoing as of this time, people can't even used their money because its useless. Solution? Used bitcoin outside of the country to buy goods in order to survived. I read one Venezuelan's claiming that even their bank or Central banks is mining bitcoin as well, but this is just a rumor.
On the side of the Zimbabwe, its the same, people getting oil, food and water with their bitcoins as well. You can go back about 1 and half month ago and you will see that bitcoin in Zimbabwe is an a premium. This is really a case study on how bitcoin can really help not just individuals but a whole nation in times of crisis.
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Often when you browse a new coin you can see articles from Forbes or Huffington Post posted on their website. Are these companies paid for this? Cause especially Forbes seems to think every new coin is fantastic, full of potential and did I say amazing? How seriously should I take these articles?
Of course everyone moves when there is money involved to a website like Forbes is a paid article. Its easy to spot a paid ads if want you see if full of garbage and just put there to promote their website or ICO's. And you should take those articles with a grain of salt. But if it has caught your attention then I suggest you visit this forum and let more about that coin if its really worth to invest or not. Don't just rely on articles you found on website. Even crypto websites has a lot of paid advertisement like articles. But if you go look around, you will find the same articles which means it was only written to put a hype around it. |
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I don't know what will be the options right now. Relocation need a lot of money to begin with and then where are you going at? I don't know what going on the mind of the Chinese government now, why the sudden U-turn, maybe because they are really afraid of what bitcoin can do to their citizens, so much freedom. It is really about time for Bitcoin miners to be leaving China for good as the government is not treating them with welcome arms and instead look at them as sort of a problem. These entrepreneurs are very much welcome elsewhere. I am hoping that there would be an exodus soon of miners from China to other better countries. The main issue they will always consider is of course the cost of the electricity...we are hoping that soon better mining rigs requiring less power can be developed and sold on the market so as to lessen the environment impact of this lucrative economic activity.
Yes, I think so but the big question is where to go? Countries with the cheapest electricity like Russia and India are not friendly to bitcoin. Only Canada is the best logical choice, but again, so much money will be involved in relocation that we don't know if ROI can be made by the miners. |
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The presence and failure of Ponzi schemes in most countries like Nigeria, Ghana, South Africa and some Asian countries too, has contributed a great deal in discouraging the government of these countries from accepting the usefulness of bitcoin. this because most of the ponzi schemes used bitcoins as means of pledging and receiving helps. but irony of the whole thing is the same government seems not to have realized that Physical cash was also used for local ponzi donations and why have they not placed a ban on the physical cash just like bitcoin.....
Please what's bitcoin community doing to correct this wrong impression so that bitcoin can be globally accepted by all?
This is just an excuse for the government not to accept bitcoin. And I agree, many criminals took advantage of what bitcoin can offer and then mainstream media put it to the next level. But I believed that the main reason why government doesn't accept bitcoin is that they can't really control it, the flow of money is huge, just look at the total marketcap today. Every government around the world want to put some taxes on bitcoin and cryptos because there is money in the system. They can't control and the effects of it in their economy. They are afraid that crypto's would took over their banking system, as a result they completely shunned bitcoin on the other side. |
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A crypto currency like Bitcoin gives you the ability to make transactions without the need of a central bank.
Bitcoin is the gold for the crypto currency, it is the longest and has the largest capitalization of the market. Although bitkoin is in many respects superior to traditional ways of paying and transferring money, there are, however, certain obstacles to its widespread acceptance.
I think we already got your point here. The obstacles that you have said, like the slow confirmation time and the high fees you have to pay the miners has been plaguing us for the longest time. There's even a debate on it for like 1 or 2 years already and it looks like there's no really clear direction right now. So we really love bitcoin to really take over in the next couple of years however, it will not be the case. What we are going to see is that bitcoin as a trading instrument more than a p2p for micro transaction that Satoshi envision. |
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As long as the market remains bullish, we will hit $8000 anytime soon. But do always remember that there is this so called mental barrier for the traders point of view. If its goes to $8000 I'm seeing a few dumps because its really hard not to take home some profits. I have seen it before and $8000 is not an exception. Later if their is a price correction and followed by a consolidation, then we can get the $8000 hump and moved to $10000.
But its too early, we don't know what the future will bring. Most important is how we deal on the price mentality. Are you looking for a profit when we hit $8000 or just be holding as long as we can?
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Hey, I'm interested in everyone's opinions on this. I find so often when looking for ICOs I come across something that sounds like a good idea but then am instantly put off when they all seem to trying to raise 10s of millions for something I would deem could be perfectly possible with only a couple of million or even less.
Do you feel that ICOs tend to try and raise too much? If yes, do you think this is out of greed for their own personal gain or simply because they over estimate the worth of their idea?
Yes. I agree. Its looks like they are on a race on what ICO could raise millions in just a few days which tend to lose what ICO really means. I agree that they need to raise, but millions in like a few days in unheard. And sometimes we tend to see some ICO to be a scam when they raise millions. Do you feel there is anything we can do as a community to bring expectations back to reality? Other than waiting for ICOs to continually under perform and then eventually expectations adjust?
As a community we just need to call what's need to be called for. If we see that the ICO who have raised so much without any significant to offer then we need to call it and raise awareness. |
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The value of Bitcoin has been on the upward trend in the last few weeks, what's the lowest value you think it will fall to before the year 2017 runs out?
We have seen lately that the last dip it when its in the range of $5500-$5600 so I'm estimating that maybe around the ballpark of $6000 will be the latest dip in ever there is one. Investors wouldn't let bitcoin dive more because the minute they saw the price going down, they immediately went into a buying spree because bitcoin today is one of the fastest investment you can get so they want to get it at a discount price. Although if you look at it, $6000 is still a premium price, But nonetheless, investors are willing to pour their cash no matter what the price. That's the power of bitcoin today. Everyone once a piece of it. |
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I would ignore it if I were you. WTF is really happening now with all this fork? They are really all for the money and they don't care about the technology anymore. Its just a shame that people will stay fall from this kind of trap like what happened to bitcoin gold.
I'm guessing that the failed attempt by bitcoin cash two weeks ago, they think of another fork and try one more time to really down the market again. But they still don't get it, people are going to stick to bitcoin no matter what and no coins could surpass it in the next 10 years or more.
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But India has put a stand on bitcoin right? The government hasn't made any formal announcement if they are going to ban it or make a regulations? And I remember that bitcoin has a high price in India about a month ago. Bitcoin is at a premium price just a couple of months.
India is one of the world populous nation and a small percentage of them getting into crypto would be a big boost to the ecosystem. Although I think they will regulate bitcoin because some of members of the parliament there are really anti-bitcoin and they relate it to ponzi, HYPI and other illegal activities like money laundering. Although this articles, outlined the advantage of bitcoin to Indians, it is still their government and the parliaments who are going to vote if they will ban it or put a tighter regulations. Remains to be seen.
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I also want to know when will crash below $3000 but unfortunately I don't know and you also don't know. I believe bitcoin won't less $5000.
We want to know when its gonna crash below $3000 because we really want to buy in those dips and stack up and accumulate bitcoin more in our wallet. Sadly, it won't happened because bitcoin is reaching $8000 now. And to the OP who posted this, he also didn't know because he is a complete troll and maybe a paid bitcoin cash shill. Bitcoin will never go down to the levels of $3000 or even $4000 because people will start to buy on those kind of dipping. Its a good entry specially new faces who wants to have bitcoin to either hold on it long term, or just simply having it and make profits in their part. |
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We have discovered a malfunction of our Liquidity Provider’s bridge function. In result of the malfunction, our Bitcoin Cash Liquidity Provider has not been able to fill our Clients’ orders since 11th November 08:55 UTC. Acting in accordance with point 27.2 of SimpleFX Terms of Use and Customer Agreement, we were forced to cancel all BCH trades placed after the above-mentioned time.
Trading on BCH currency pairs will remain halted until the issue with current Liquidity Provider is fixed, or until we come to an arrangement with a new Liquidity Provider.
Any update on the issue? Any timeline that your user can expect? Its been almost a week now and up until today the issue is still at hand. I think a lot of people have been waiting for this fixed on your end. Don't let them down because I read good reviews about your services before and this is the first time I've seen a scam accusations open up against you. And if the issue is with your provider then better get a new one to have a continuous service to your customers. |
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When Bitcoin began to decline, Altcoins were starting to grow.Now the prices of bitcoin are rising and the price of altcoins is declining.I hope the price of altcoins will start increasing if bitcoins are stable.In 2018, the altcoins will be well priced.
No. Even bitcoin is now declining for the simple fact that traders are just cashing out. Although I believed that there is a correlation between the price of bitcoin and alts. its not almost the case. Sometimes you will see that both of them are also on a decline. Nothing special though, I observed that every weekends there's always a declined and I assumed that traders is just taking home the profits. Bitcoin keeps creating drama nonstop and drawing all the attention from the market. None of the alts ive seen have recovered to their previous all time highs (most of them reached during August)
This what keeps me from investing on alts. Once they hit their all time highs, they can't replicate it anymore. Look at ETH around May-June it was hype to replace bitcoin but it didn't happened. Now it can't even get close to its all time high of $400++. |
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hello experts,
Is it more profitable to Hold BTCBTC or buying a lower price and selling at higher?
Thanks,
There is no question that holding bitcoin is really profitable specially if you bought it at a very discounted price and then holding it for long term. But it should not discourage you to not buy when their is a dip to accumulate more bitcoin. So its a win-win strategy. Personally, I think that both methods meet the ends - to earn and to profit. So you can't be wrong whatever method you pick. |
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They keep on contradicting themselves so that is clear indication that they are not really interested on bitcoin or cryptocurrencies. The back and forth statement with no clear indication that they are really keen on at least regulating cryptocurrencies made me assumed that Russia will not in any way going to accept something that they can't really put their hands on. And recently they just announced that they are going to make their own cryptocurrency is another sign that are shunning away on bitcoin on any crypto in general.
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