Bitcoin Forum
July 04, 2024, 05:59:43 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 [435] 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 ... 603 »
8681  Economy / Speculation / Re: Best time to buy bitcoin! on: April 21, 2018, 01:21:14 PM
Best time to buy was 8 years ago Smiley Next best time is now, dollar costing average is the safest way, but definitely don't just wait for the "perfect" time, because that will never come
That was really a very good answer to give to anyone asking for the best time to buy. Since most of us have missed the starting point, even though some of us had the chance, I guess the only best time available is just now. There is really nothing else we can expect in the short term anyway than to wait for the long term, the same way those who waited since 2009 did.

 Nevertheless, to buttress what you said last, a lot of people waited for the perfect time early last year, but they just did not get it.
8682  Economy / Gambling discussion / Re: Will you still continue? on: April 21, 2018, 05:10:14 AM
What will you do if after losing several times in gambling, you are left with only small amount of money and that money will be for your fuel or for transportation, will you still continue with the little you are left with? What if you lose?
Im still continue and i will make an strategy in gambling that makes me won or just to get my money back. As ussual it is possible to lose my money again but when that time has come i will stop and continue for the other day. It is better gain a small profit than losing everything you have.
I agree with you that even we lose i've still continue gambling, if you want to win make sure you have a skills and have a good strategy. But if you lose it means its part of gambling sometimes we win and sometimes we lose, because gambling is risky. Think of that gambling is for pastimes and having fun.
We are talking about gambling here and not some investment. Skills are never going to help you. If you lose, and you are done with your budget, which you should always, have a limit then, you should dust your shoes, pack your bags and go home.

It is good you realize that some time we lose or win, but it is better you have the mindset that some time we win and most times, we lose. Gambling is risky and continuing after losing a lot only make you more vulnerable to losing more rather than finding any chances of recovering. In my experience, in gambling we can never recover our previous loses. The only chances is preventing our future losses. Hence, continuing must be an unnecessary one.
8683  Economy / Gambling discussion / Re: What do you feel when win in gambling? on: April 20, 2018, 06:39:49 PM
Same feeling i think. Happy in winning and feeling pitiful, nervous and stressed whenever losing. I think its natural. No matter how gamblers deny that winning is not important to them i still believe in the insde of them they are still anticipating to win.
I have never really for once felt pity for myself after losing, maybe because I know the chances of me losing is high anyway and I really do not gamble more than I can afford to lose which makes me to see gambling as just a way of whiling away some time. However, winning is actually always a different scenario, in as much as I do not always expect it, a huge winning even makes me to stop gambling immediately, and find some good stuffs to do with it. It may be free money, but life lessons have made me to realize that opportunities only come once and utilizing it for the future is always the best way to go.
8684  Economy / Economics / Re: What is going to happen when we reach the 21 Million BTC supply limit? on: April 20, 2018, 06:01:39 PM
When all 21 million bitcoins are mined, I think that nothing significant will happen. It is unlikely that after this will significantly increase in price. By this time, it will already be a decent price, and if it does not have some exceptional functions by then, people will not buy it too much. What is the point of doing this, if we already have a lot of good crypto-currencies with qualities much greater than bitcoin and at the same time very low in price?
In addition, it should be borne in mind that the high cost of bitcoin will mean a high risk of investing, because given the high volatility of bitcoin, there will be a high risk of its depreciation due to negative information and the consequent panic of investors.
FUD is normal but that does not have anything to do with the supply limit. In this case, the only thing that would be affected is the incentive that is being given to the miners and in that case, the only thing left for miners is going to be the transaction fees.
High volatility is normal when you have a speculative asset, but as things change, bitcoin gets more adopted as currency, then we should not be experiencing much of that volatility in the long run.

I do not even think we should be worried about what is going to happen by then since a lot of us would have ceased to exist if not all of us. A lot of thing may still have changed by then and no one knows but in the real sense as things are presently, this is what would be expected and I believe even when this time comes, the demand for bitcoin would have really increased hugely than we can imagine that the value would have been crazily huge and maybe we would have started talking in satoshis by then than bitcoin.
8685  Economy / Economics / Re: Crypto is more like “a psychological experiment than a serious investment" on: April 20, 2018, 04:53:13 PM
He's probably trying to say that Bitcoin is only a figment of one's imagination, making it psychological. I don't see where he gets it from and what makes him think that Bitcoin has no application in computer science, but it's obvious that he lacks knowledge about bitcoin. Many even suggest that it's the other way around and that bitcoin has nothing to do with economics but is more technological because it involves coding. Before making such statements, he should do his homework first.
If he considers bitcoin as a figment of imagination, then fiat in cash is also a figment of imagination. The problem with this set of people is they look on the outside and judge based on that.

The fact that they cannot see the real value from the little and unnecessary hype in price that happened last year has made them to now think everything that goes up hugely and come back down hugely is a bubble. The value was hyped and that might be considered a bubble, and the aftermath is what we are experiencing, but calling bitcoin itself a psychological experiment with no real value is just dumb.

I am making transactions to my merchants globally within split of second without a third party, which is a value even the fiat system could not give. Maybe he should ask those in Zimbabwe and Venezuela how they perceive bitcoin.
8686  Economy / Economics / Re: Is it true that bitcoin immune from hacking & fraud ?? on: April 20, 2018, 04:28:00 PM
I think the most susceptible target and area of hacking is the owner of bitcoins, as long as our transactions and connectivity
are safe and secure incidents such as hacking can be lessen or avoided. We should all be careful and practice safe protocols
when transacting and accessing accounts at certain areas and places. But we don't know for sure, since hackers today are
very prolific and very good at getting what they want. I think as an extra precautionary, we should also know how to store
and move carefully our investments and money online. Carelessness and recklessness are the very vulnerabilities hackers are
keen on spotting on and exploited in most cases.
The good thing however is that as long as we know all the tactics being used by the hackers to get to us, we can always try to stay safe to some very good extent at least.

The main bitcoin itself cannot be hacked, controlled wallets cannot be hacked unless you give out your private keys and except for centralized wallets that you can end up being a victim of phishing attack most especially if you do not have some additional security on, I would say the only way to get to be a victim like you have said is just by being careless.
8687  Economy / Speculation / Re: Growth may be just around the corner? on: April 20, 2018, 02:58:56 PM
Am I the only one who has such a feeling?
You are not the only one feeling this bro but it was meant to be just feelings, I am sure we would have used our feelings to get bitcoin higher than the moon by now. However, the way some of the altcoins have been responding lately simply shows that new money is gradually entering the market and in situations like this, we may start seeing some of this altcoins being dropped to accumulate bitcoin and in this case, we may start seeing some uptrend gradually. Just my thoughts!

Even the decline of value from december's all time high can be considered growth since we're far from that price same time last year. Btc is growing there's no doubt about that and it's been a continous growth from 2010
Yes, we must accept that around $10k was the actual growth and expect value of bitcoin by end of 2017. But we reached up to $20k, it was due to hype and bubble. If we consider $10k as an actual growth then we are still in progressive mode over time.
8688  Economy / Speculation / Re: I lost confidence in bitcoin on: April 20, 2018, 02:27:09 PM
Of course everyone would be disappointed with Bitcoin or altcoin if they only care about price and not about it's technology/usage. If you think bitcoin or any altcoin price on short-medium term, you should expect the price would be extremely volatile since it's free market can people can be manipulated easily.
If i were you, i'd lose confidence when Bitcoin development is slowing down while altcoin development is very fast and looking promising Roll Eyes
It is normal to be disappointed with the price and the way whales go about certain things, but why should we be disappointed in bitcoin ?

The problem is not with bitcoin, the problem is with us all. It is a market and there is nothing we can do with all the fluctuations as they are normal. However, like you have said, losing confidence in bitcoin is total bullshit as it is not like development is not ongoing and the future is still bright but judging based on the present moment or the present value is absurd.
8689  Economy / Speculation / Re: Will Bitcoin hit $25k in 2018? on: April 20, 2018, 01:47:06 PM
whatever happens with bitcoin I am not going to sell my Bitcoin until its hit 20k$, I believe in HODL.So I don't care about that news.But its good to know that big site talking about the price of bitcoin.
That is the main idea of holding anyway as the long term is all that really counts and there is absolutely no way that we can be sure what is going to be happening in the next few minutes and the only way to stay in the game is never to panic, forget what is going on and look forward to the big picture.

This is what the old investors have always done and have made them to really enjoy this market to the highest level they would not have even imagined. $25k could be possible, but even if it is not, that does not change anything in the future.
8690  Economy / Speculation / Re: Bitcoin Finds Support At 8k on: April 20, 2018, 07:21:05 AM
8K at least shows that it is not going to fade away, there is demand for bitcoin and it will continue to rise. The next barrier to breach is at 10k, once it goes past that figure there is no going back. Better get some 8k bitcoins!
The fact that we have tested that region twice after that break out is a good start, but no need to be over happy for now, and sure it is good to see that happening, but we still have some pretty huge ones ahead of us.

The question now is are we going to be consolidating for a while, are we going to fail and fall back lower or are we going to be heading up from here probably after consolidating ? These are the questions we are expecting some answers to in the next few days, weeks or even months as the case may be.

Support is actually precisely at 7800. We have had a huge bounce from that spot and I was actually surprised. It seems the market really want to go break some huge resistance walls but the bears still do not want to take that chance yet, with that support at that spot, we can as well just believe that the market may have to move sideways for the main time before we start seeing the possibility of any uptrend. I guess it is time to even start accumulating the more.
8691  Economy / Speculation / Re: 3 Reasons why Bitcoin is Going Up! on: April 20, 2018, 04:37:29 AM
I believe that people are done with correction and they have understood that government cannot stop us from using Bitcoin or Crypto irrespective of restrictions from the banking sector. However, we still need a massive amount of overall maturity to deal with panic situations. I am expecting the price to rise along with the rise in the user base in this year. Bitcoin has grown so big that minor incidents won't affect it much in the long run.
If government wanted stopping us, it would have been done a long time ago, so I really do not see that as a problem anytime any day and even if this was to happen, they would not just come out straight to just screw the system, it would be done strategically and probably put in some policies to start making people get frustrated with the idea of making use of cryptocurrency.

These are all normal in any new market anyway, but for the pump that happened recently, I am sure we cannot say exactly what caused it and everyone is just speculating and looking for answers.
8692  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! on: April 19, 2018, 05:03:03 PM
I don't think it matters in this subject. Don't think anyone cares about if its 0.002 or 0.001, the more important part that this website has been giving away free money since for as long as I can remember and they have been giving free lottery tickets with it as well. I mean we have seen so many faucets faze out in time and here it is freebitco.in keeping it up and improving waaay over a faucet. They have the free coins part, they have referral part they have interest part they have lottery and of course the betting. I mean what more one can ask for from them? Great job.
8693  Economy / Gambling / Re: OneHash || Dice & Sports Betting || No registration || on: April 19, 2018, 04:28:02 PM
The only issue I have probably since the start of the website is that I see a great rate and go into one bet and than when the bet is closed the rate is already dropped more than what is not worth anymore. I understand you guys remove yourself from the bet side and just let people bet against each other but when I bet something I really do prefer to know what rate I bet on instead of what I may end up with as a surprise.

Aside from that it looks all great and has been working with honesty and properly ever since the creation of it.
8694  Economy / Trading Discussion / Re: Newbie in crypto trading, whelp! Bot or human? on: April 19, 2018, 08:52:41 AM
I think it's the lesson you can get, trying to invest with your free money, you are followed the bounty campaign right? use that for your investment. So, if you're losing your investment isn't like with your primary money. "From nothing to something, from little to bigger". There is process, if you can do you self you can get more than you use bot.
Bots can always be of help but even at that, you still need some knowledge anyway as it is not every time you will be using bots. However, like you have said, doing it yourself is always the best as long as you know exactly what you are doing and that is what I want to buttress on.

A lot of people rush into trying to do things when they should take their time and looking forward to doing it right which no one can do without learning. The OP does not need people on this forum to teach as no one will really have that time, but there are some articles one can always use online to get the skills needed to trade and that is all that is important.
8695  Economy / Trading Discussion / Re: How to know when to BUY? on: April 19, 2018, 07:20:34 AM
Hello,

Can somebody explain how to decide buying an altcoin?

Let me write what I know;
  • Check the coinmarketcap.com and choose ones with high volume
  • Check the projects
  • Check the chart, if it is pumped, don't buy, wait
  • Check the chart, if it is dumping, wait low volatility

Please correct and/or add other ideas to help noob traders like me Smiley
Since you are already truthful to yourself that you do not have any idea of trading, the best thing is for you to hold. Trading is better for sure as you can use the fluctuations to make some pretty good profit, but you will not be making any profit if you do not know how to trade, and with the market being always faster most of the time, and with the way the alts always respond to dumps, you may end up not having a good decision making technique for your trade. Since you are eager to learn, there are so many resources online you can make use of and that would help you.
8696  Economy / Trading Discussion / Re: Trader or Gamblers. on: April 18, 2018, 05:41:20 PM
I prefer trading and the buy only on spot market, not futures or trading with laverage. Cryptocurrencies it self is very high risk market. Why we need laverage and futures. Futures will only make you lose. And laveraging is just like gambling. I am investing in crypto not gambling. No one on earth will win in gambling for long term. If you ever win its only your lucky day.
Investing for the long term is totally different from those who are trading. Leveraging comes with those who are doing marginal trading and that in itself is actually another form of trading on its own. I always refer to those who do not have any strategy or knowledge of trading in a market as volatile as this to be gambling.

Trading itself comes with a lot of risk, which with knowledge you can try to avert them and get the best from the fluctuations once in a while, but I now imagine those who trade without knowledge. That is a higher level of risk and plain gambling as far as I am concerned.
8697  Economy / Economics / Re: Why is bitcoin stability important? on: April 18, 2018, 04:46:05 PM
Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.
I guess that is what most people are not really understanding yet. We are still in a very early state and we cannot expect the volatility to not be like this, most especially for a decentralized environment. A lot of people keep complaining about how volatile the market is without understanding it is that volatility that actually makes some investors to want to pull in to take advantage of the fluctuations.

However, some of these things will change overtime, if we indeed start seeing real life usage with a great level of adoption but until then, we just have to get used to it. Also, based on what the OP said, I do not see how this inhibits the development or growth of altcoins as a whole lot of alts have grown since their inception and still growing.
Anyone who does not consider the aspect of losing, no matter how little, is really not ready to start investing at all. We are talking about a new market here that is decentralized, and what else do people expect ?

Stability should only be expected maybe when bitcoin has gotten extremely huge and by then, it is no longer about investment as an early adopter, but a currency as that is what in the long run, that is what is going to make it hugely adopted and in that stage, nothing much may be expected.

A stable price usually will turn the altcoins more like into a stock market scenario as bitcoin is kind of pegged to them as someone rightly said. This is the main reason why we have seen a lot of altcoins doing well whenever bitcoin is experiencing some consolidation. A huge level of stability in bitcoin is not even something anyone should be expecting at all. This is a decentralized market, there would always be fluctuation and it can only reduce to some certain extent once we get to see real life usage.
8698  Economy / Economics / Re: Bitcoin as savings, emergency needs possible? on: April 18, 2018, 04:16:29 PM
Maybe it will helpful or not. Because incase of the emergency and if you have bitcoin in your waller you can sell it so your problem will resolve but you need to keep your bitcoin for longtime for sure and the exchanges rate is very high. But what if you hold your bitcoin and the exvhanges rate is very low and you need high amount of money for sure your problem or the emergency that you need to solve. And sometimes they have processing that you need to wait before you get your money what if you need money on this time for sure it's big problem also . Unless you cashout your bitcoin and save it the bank or to the ATM And you can withdraw your money anytime you want to cashout your money. They have advantage and disadvatange of holding bitcoin.
I want to believe it has been helpful for me in terms of emergency so many times. I know a lot of people are a bit skeptical on that as a result of the high level of volatility but in the actual sense, as long as you can withdraw it anytime for emergency purpose, and what you are holding can still increase a lot over time that what you put in as savings, then I would say it serves a good purpose.

Still, for the sake of the way things are, unless I have no choice, I would rather just touch my savings in fiat most of the time. In one word, you cannot actually put all your emergency savings in one basket when you have different options.
8699  Economy / Economics / Re: Is it a good buying price for bitcoin? on: April 18, 2018, 12:58:09 PM
Yes, now we have great chance to buy bitcoin on low prices. But personally I will wait a little bit more to get confirmation of trend reversal. I will buy under 5K$ or above 10.5$.
That is more like thinking as an institutional investor. Looking for confirmations before buying as long as you are trying to hit it for the long term. Moreover I have always loved the idea of accumulating at dips anyway, because sometimes, you really just cannot time the market. Even above that $10k, as volatile as bitcoin is, anything can still happen. So far, we have had good prices for those who may want to go long in the market, except for traders, which I even believe a good trader will not be asking questions like this anyway.
8700  Bitcoin / Bitcoin Discussion / Re: Will regulation kill cryptos? on: April 18, 2018, 10:58:07 AM
I do not think that regulation can kill the market. But it can strongly influence the market rate, through negative news. In the worst case, there will be panic selling
If there would be panic selling as a result of regulation, do you think that would not have happened already ?
Moreover, some people's stupidity is the reason why they will give institutions and bigger players to have a better position in the market and give them more chance to even control the market as they please.

The more we keep having weak hands, the more they keep building their position for the long run. Regulation generally would make those big investors to start considering the market and that is what they call new and smart money.
Pages: « 1 ... 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 [435] 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 ... 603 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!