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8841  Economy / Marketplace / Re: 2018 forecast on: March 10, 2018, 07:42:57 AM
everyone is free to predict the price they want. but, my trust remains on bitcoin. IMO bitcoin will be always no 1 and ethereum no 2.
bitcoin is what affects the price of other coins, even the whole market follows the bitcoin price trend.
Yes and if I like I can even predict $1000 on EOS before the end of the year even though it is absurd. I am not sure how this forecast was gotten but whichever way, if we get to have something like this, it would not be a bad idea. Who does not want a very good increase in what they are holding and as long as the market can sway in the direction it prefers, it would not be a bad idea, giving room for possibilities.

I guess we have to see how that is going to be playing out since we now have soothsayers in the cryptocurrency world. However, I would not be surprised anyway since we have been surprised more than this in the past, and with the cryptocurrency space getting better every year, we may as well expect anything to happen. It only takes few periods for FUD to die down and optimism to take over. It is the market and anything can happen.
8842  Economy / Economics / Re: Study says being rich is determined by chance rather than intelligence or talent on: March 09, 2018, 03:17:01 PM
Yes i will definitely agree that being rich is sometimes determined by chance. But we all know that rich people nowadays are those who came from a wealthy clan. There are also chances that a certain people become rich because of luck and some other people get rich because of their hardwork and determination to get what they want in life. Another thing to consider is the skills, techniques and the talent that is being used  plus the resources to be use to start a business and become succeesful someday.
The way the world is, it has been in a way that the rich will keep getting richer and sometimes the poor getting poorer unless by chance they are able to get out of that jinx. I would say everything about life is by chance and the truth is that if you want to actually check the average of those who are wealthy, just few of them are smart and intelligent while for some of them, the smart and intelligent ones are the ones busy building their dreams. Sure, we cannot always rely on chance, but one way or the other, it just happens.
8843  Economy / Economics / Re: Crypto threatens Bank of America? on: March 09, 2018, 10:42:51 AM
This is something a news that affects cryptocurrency business, although many times I heard a news about banks banned crypto business, but until now cryptocurrency business still exist. Maybe all threats are form of any personalities from governments to force cryptocurrencies pay taxes. If we try to think, why there are some forms of threats, maybe it is only a strategic way in cryptocurrency business, and we don't know the reality or the truth, because we are only a crypto enthusiasts, because the reality and truth is beyond the creator only.
Banks cannot stop anyone from doing whatever they like, they can only try to persuade people into not doing what seems beneficial to the people and non-beneficial to the banks. Selfish bastards just as the OP called them and they truly deserve what is coming to them. It is high time we told them enough is enough and all their shenanigans can no longer work.

They will always see cryptocurrency as a threat and that is fine as long as they feel what we have always been feeling all these while. Hence I am not surprised they feel threatened and they really should.

They have ridden us all this while and stolen from us all and they keep bringing policies that would always affect the masses and I guess they are now getting what they deserve and the fact that see funds moving out possibly into crypto, they must start feeling the need to want to instigate the idea of a huge risk on the clients so they can bail out and come back running to them. They have lost.
8844  Economy / Economics / Re: How to TAX Bitcoin. An easy way ! on: March 09, 2018, 10:11:12 AM
No amount of taxation or onlookers can provide an economic system without dark trades. So I don't have any reliability on them.
That is a fact; there will always be dark trades. Since there has always been dark trades with fiat and it was still easy for some to easily cover their tracks, I wonder why it would be so different for cryptocurrency.

No matter how much the government want to impose certain things related to taxation, or compulsory submission of addresses like the OP said, it will not work easily that way since I can either make use of mixing services anyway or generate new addresses without the government knowing. They had better just stick with regulating exchanges.
8845  Economy / Trading Discussion / Re: Trading Time For Crypto Currency on: March 09, 2018, 06:47:13 AM
Markets are 24h working, it is hard to see best hours to trade. Because exchanges are mostly open for everybody in the world. Unless, exchanges give us their deep insight data of daily activity. Hope it helps your question  Cool
Yeah, it is a market that keeps going, so there is no specific time, and the only thing is for one to do his or her own and go to sleep when the time is ripe while others from a different space on earth take over from there. The reason why day traders close all their trades is because anything can happen while sleeping, so it depends on your level of trading or how you want to go about it, but there is really no trading time for cryptocurrency.

It is a 24/7 market hence it is a market that never sleeps considering as some time zone may be sleeping, some time zone are still trading and that is what makes it an interesting decentralized global market anyway. However, I do not think any time of the day affects it and it only depends on the style of trading you do, and most times, the market will always be a few steps ahead of you anyway, so no shit. I have also noticed that weekends are usually good to stash up for the week.
8846  Economy / Trading Discussion / Re: Any book I should read? on: March 09, 2018, 06:07:17 AM
Hello there guys,
I wonder if there are any books worth reading about strategy, how to behave or how to keep your head calm. Have you read something that really helped you? Thanks for your responses
Why are you looking for a book when you can just ask Google all the questions in your head and get it answered? There are so many articles you can make use of online, and once you just type the keywords, you should be fine.

The most important thing to keep your head calm when it comes to trading is to learn how to make use of the indicators, do some TAs, apply fundamental analysis and some risk management as well to your trading, and every other thing will fall in place, but if you are in dire need of reading books, you can checkout Market Wizards and Following the Trend: Diversified Managed Futures Trading, they will really be of great help.
Market Wizards was really a great book as you will learn a lot from how the market gurus have done a lot in the past and how they have been successful in trading. I definitely learned a lot from that. I just checked this website you shared as well, and it sure has a lot of information for any trader to get started without even having to go around Google looking for much.

I would like to add 2 books that I have read too anyway and really was a great help to me, and those are; Complete Turtle Trader by Michael Covel and Mind Over Markets (I cannot remember the Author) but you can search on Google to find the book.

The thing is that there are so many books, and as a trader, you just cannot stop reading as they will all help you later on, one way or the other.
8847  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes an altcoin valueable? on: March 09, 2018, 04:26:49 AM
I think these factors can make a Altcoin valuable. First Bitcointalk because it is the only forum for crypto related issues and also for project’s announcement by Ann thread. Second the whitepaper, roadmap and capital investments in the project. Third the team behind the project is experienced or not. Fourth and the most important community behind a crypto currency, which makes a very strong impact on its acceptance and growth in market.
Bitcointalk is just a forum and it has nothing to do with the value of an altcoin. There are so many other platforms where discussions about altcoins and so on do go on. Sure, a good community backing helps a coin a lot, but a coin or token without further development or any product that is sensible to make it usable, will definitely not have a good support and that is what differentiates a shitcoin from a good one.

The user base, If there are millions of people using the token, the token price will always be unbalanced.If nobody uses a token in real life it's useless and can go down anytime. When ICO starts checking whether they have a real product and a user base. Also check how the token should be used in the future.
Yeah, the usage is very important and this cannot be possible as long as the altcoin is just there without any product attached to it. So many altcoins are like that presently and the only thing they are good at is being pumped and dumped and such coins obviously will not last. I still believe a time will come when some coins like this will be totally flushed out of the crypto space. Product will always speak for the value of any altcoin.
8848  Alternate cryptocurrencies / Altcoin Discussion / Re: possibilities for crypto on: March 08, 2018, 05:28:12 PM
All countries have different approach toward cryptocurrency. We can expect some to join in banning crypto while other countries will regulate it especially the ICO's to protect their investors.
Yeah, a lot of countries are just on the sideline and watching things with some few warnings on the citizens being careful, while some are being very careful to even say anything and most countries are seeing how they can benefit from regulating. Very few countries now who are reacting based on the threat that decentralization has brought and have the power to just ban anything are the ones doing so now.

There will be a lot of future in the cryptocurrency market and I am very optimistic about that. We have gotten to the stage where a lot of people are adopting it every day and the governments are having the mindset that, if we cannot beat them, and since we have the regulating power, let us join them and get a lot of benefit from it as well. There is so much to the cryptocurrency market but only those who can see the future will see the real deal here.
8849  Economy / Speculation / Re: Selling Bitcoin on: March 08, 2018, 04:01:45 PM
You could be right but, I'll answer as you questioned. If I purchase 100 bitcoins and the price drastically drops, and I wait a month and its still down I would hold the bitcoins because I see the vision and future with cryptocurrencies. I am definitely holding everything that I have invested!
Those who really did a thorough research on their investment before even researching will not worry about any fluctuation in the market, considering that it is nothing and at the end of it all, the market will do better than where we are now. It is not the first time the market will be in a downtrend and even though this one may have been long does not mean it would remain like that forever, but the good thing is that, it always recovers better.
8850  Economy / Marketplace / Re: my friend have my user and password and my passport scan on: March 08, 2018, 11:00:35 AM
------------------
bittrex support ::
If you have two-factor enabled, you will need to enter your 6 digit code and press Confirm. If you do not have two-factor enabled you will need to login to your email account and click the verification link we send you.
--------------------


it's for first time that you must verify new ip and after you don't need to verify the ip again.
Every time you want to withdraw from bittrex, a mail is always sent to you. It is different from logging in I guess. At least I have always received these emails to verify withdrawal. It is for security purpose. I wonder why you would have to go through that length anyway, giving someone your details to your account. That is absurd. If the person needed your account to trade, you should have used API for trading purpose alone and let the person use that. At least she would not need to login all the time to trade and anytime she wants to withdraw, you are the master.
8851  Economy / Marketplace / Re: I've made 600k in Crypto - When to call it quits on: March 08, 2018, 10:17:36 AM
I invest in XPR and STR.

I believe in the next month it will give up to 30-40% profit
Good for you to have invested in a coin that is highly manipulated and I hope you actually understood that perfectly before investing. I am sure the OP by now should have even known better to not just invest in any project since he has been able to make a lot of money anyway over the course of the years.

There is no need for him to call it quit, as for someone like me, I will just do some additional offline businesses to spread the risk, invest in great upcoming project ICOs and then keep increasing the more. The money is never enough as long as you are a business man unless you feel it is too much for you to handle.
8852  Economy / Economics / Re: Is Bitcoin the next big thing? on: March 08, 2018, 07:05:57 AM
For those who argue that Bitcoin and other cryptocurrencies are the next big things, buying and investing in Bitcoin might just pay off. Bitcoin might excel if currencies like the dollar et al trips under a hyperinflation scenario but that for now is not visibly an option that is available, thus, another fundamental question is wether Bitcoin can replace normal currencies and that again is not feasible in the nearest future. Why then should people invest in or buy a currency that can rise or fall by 20 percent in an hour or two?
Actually, bitcoin is the digital currency used for online transactions. But, there are some investors who are interested to invest. With the current high bitcoin prices and rising demand, it is predicted that bitcoin will replace the traditional currency or fiat. Actually, this is beyond the expectations of many people. But, I admit that bitcoin is the digital currency of the future number one.
I admit that bitcoin is the big thing in the future of payment processes especially when we talk global but I do not agree with your statement on bitcoin replacing fiat and we both know the government will not even allow that to happen in anyway.

Bitcoin has a lot of great future ahead of it and I believe a lot will happen in the long run that would make bitcoin even better than it is now, but the fact is that there would still be some limitations that the government will try to place and we know that already.
8853  Economy / Economics / Re: Bitcoin and not Paying Taxes on: March 07, 2018, 07:47:25 PM
Since their is no third-party related to bitcoin no one can trace your transactions but the user and the receiver only, therefore they cannot apply tax. However if we change our bitcoin to fiat money to spend, its the time tax comes in. Maybe in future if bitcoin can be legalized then government might implement tax for every use of it.

Most of the country did not collect tax from bitcoin.Because they have not yet a guidelines that mandated to bitcoin user to contribute their taxes.  They have no rule yet bieng implemented about collecting tax from bitcoin. But their are also other country are now start collecting tax from bitcoin. Because they accept bitcoin as legal tender in their country.
Personally, my country is really not strict with tax laws anyway and I really do not care and except for those working for the government, or the big companies, I can decide to keep my crypto, or convert it to fiat and go ahead with my daily activities. I am not against paying taxes, but for a country that is really not bothered about me, not giving me all I need even if I pay tax despite the huge amount being generated from all the natural resources daily, most especially oil and gas, why on earth should I want to go pay tax ? I would rather give it to a charity organization.
8854  Economy / Trading Discussion / Re: HITBTC in problems ??? on: March 07, 2018, 06:08:02 PM
I'm not trading in HITBTC, but I heard many complaints about their services and I heard that hitbtc has fraudulent service and scammer.
But you can try to contact them on their social media profile or twitter page here https://twitter.com/hitbtc

So, I suggest to you to don't attempt to trade in hitbtc you may lose your investment. If you already deposit in their wallet better to transfer them again back to your official wallet or any safety wallet and if you wanted to trade go to the other trusted exchange site instead.
There is no point telling him not to exchange on HitBTC as he is already in deep. I am not sure if people do not use online to check for reviews before making use of some services and despite all that has been said about HitBTC, I have always been trying to know the way they have still been able to deceive some traders into using their service. Most of these shit exchanges will end up dashing away with a lot of user's funds at the end.

I stopped using HitBTC a long time ago when I started noticing some shady deals. This is an exchange just as its brother Yobit, which has only been known to only list shit coins, have no support at all and then can decide to do whatever they like at any point in time. I wonder why people in the community will end up on that kind of exchange in the first place. Sometimes, I always feel we are the source of our own predicament in the long run.
8855  Economy / Trading Discussion / Re: how to become a trader on: March 07, 2018, 05:10:22 PM
Turning into a merchant is simple, you can simply google it or hunt on Youtube to recognize what to do as an amateur. That is the thing that I did when I initially began exchanging, and make it a point that when you endeavor to exchange out of the blue don't hope to pick up benefits immediately. Try not to spend your cash on the off chance that you can't stand to lose them. Furthermore, it does takes a considerable measure of training and looking into to become more acquainted with the coin you need to put resources into as well.
Trading is absolutely not for everyone and only those who are ready and willing to learn are the ones who will enjoy it at the end of it all. This is not ABC than one can just pick and start reading, this involves a whole lot and if you can manage to always learn first, it would be a good ride.

The funny thing about all this is that, the indicators and technical analysis are easy to understand but since some people really do not bother about learning, they prefer gambling their ways and do things out of ignorance.
8856  Economy / Trading Discussion / Re: Trading don't work for me too well on: March 07, 2018, 02:11:41 PM
Have lost so much money on coins that doesn't work well for me. I know I'm being impatient and ignorant this maybe a good time to find some insight and good answers on how to get better
The answer is already there if you are impatient then by starting a new strategy you can stick on it. Ofcourse you need to have a good understanding on a good plan to buy and exit because patience is not enough without it. Next is the coin you are about to buy should be a good for either long term or short term.
Impatience is one word a lot of noob traders always like using, but I really do not see how I am impatient most especially when you know what you are looking for in a trade. The problem sometimes with people and newbie traders is buying at the wrong spot and selling at the wrong spots, and that is where they always end up losing a lot at the end of the day. You have to be very smart and knowledgeable with indicators and technical analysis to be able to do well, otherwise, you are just gambling.

In fact, we will not require patience when we are obviously learned and know what you are doing. The mistake a lot of people always make is thinking they can do it all by themselves without bothering to know some of the things necessary to know to be able to play safe in the market. We all need to learn and we will be fine in the long run.
8857  Economy / Speculation / Re: Do you trust chart analysts? on: March 07, 2018, 01:37:33 PM
Technical analysis is based upon chart patterns and theories.

The idea is to use the patterns and theories to make an educated guess as to where the price will go. Do all the TA you want but in the end IT IS just a guess where the price will go, any "TA expert" that tells you otherwise is lying.
At first, I just did not know how to give the OP an answer, and then I decided to just keep reading through the thread to see what you guys have been saying, because I do not understand what the OP was really driving at discarding chart analysis. There is only one way to trade and closing one's eye to the chart is like trying to prep for failure because there is no way it can be done and for him to say indirectly that it is bullshit got me stunned.

No one trusts anything and all we are trading is to play safe which is why most times, the chart is just a necessary analysis to always consider. Doing some technical analysis on the chart can always help you to make some good decisions as the case may be, and that is how you can at least help your situation in the market. Bitcoin is highly complex and sometimes, I always try to look at price action in some specific region of support or resistance which you can never do without your TA.
8858  Economy / Speculation / Re: Trading is gambling after all on: March 07, 2018, 12:27:08 PM
Well, it arguably is related to gambling in some points. But it is not 100% gambling. It is a fact that gambling and trading is about tactics, luck, and predictions. However, trading requires taking much time to do research about the whole market.

Gambling is just about mastering the game and see your opponents reactions if you are playing poker for example. Added to that, trading is about patience and it takes so much time for you to gain a good profit.
That simply explains the difference between it and the real gambling world. If we are to look at the literal meaning, one might say it is somehow related, but like Canis said, it all totally depends on the category of trader you belong to and adding to what he has stated, I would say those who trade without knowledge and those who trade with knowledge, and then we leave the whales out of it for now since they are the market controllers.

In essence, it becomes a pure gambling for someone without knowledge and a lower risk gambling for someone with knowledge, since they both do not know the outcome, but one is smarter than the other.
8859  Economy / Speculation / Re: Bitcoin at USD20,000 on: March 07, 2018, 07:11:28 AM
I wish I knew the answer to that question, and then had the power to make it happen (within ethical means, of course).

Seems like there is too much profit taking right now, maybe by the second quarter?
No one can obviously know the answer to that, but I would rather be looking at the first half of the year than trying to concentrate on the end of first quarter. The end of first quarter does not really look realistic at this point that much since we are already in it, unless we end up seeing a huge news that can just drive the market crazy overnight and breaking resistances without stopping and I am trying to imagine the kind of news that can perform wonders like that.

In my own view, we need many big players like hedge funds to get involved. Also spreading less FUD can be helpful also.
Spreading less FUD is something that you may end up seeing for a very long time because it will keep happening since the whales derive a lot of benefit from it, and most of the time, that happens when there is just a lot of greed in the market. I have always loved slow moving market, staying on a support for a while, testing resistances gradually before breaking it and not just a market that will keep moving up like it is going to puncture something in the sky the way the 2017 bull run happened.
8860  Alternate cryptocurrencies / Altcoin Discussion / Re: I am so stressful with trading coins, I lost 13000$ on: March 07, 2018, 06:39:27 AM
It's a simple answers: your money your choice. If you are going to this market with your greedy and lack of understanding, you will lost all your money. And noway to get back your money  Grin
I like those two words. Greed and lack of understanding. A lot of people want to make money a lot than they can imagine in a short while, but they are not ready to go through the safe and right process in getting it. Trading is good and lovely, but at the same time, it only ends up bringing sorrow to those who feel it is all about buying low and then waiting to sell high and they usually do not even bother to check out if that low they were buying is a market that is already crashing from the top.

Moreover, I am happy that OP realized he was stupid to have traded a lot and he had no idea how to trade. The last thing he should ever try to want to do is follow anyone in trading.

Always be good with your own knowledge, have your own strategy and stick with it. If you cannot do that, then do not bother trading as you will stress yourself a whole lot while losing so much like you just did. I will only tell you one thing. HODL and forget the rest since you are already in loss. In some months’ time hopefully, you should realize your losses back. Shit happens!
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