I was just thinking, if a Recession suddenly happen to the countries that has a big contribution to crypto world. Given that a country that in recession has slow growth nor a negative growth in terms of economy, which in result businesses in the said countries would definitely cut down there man power. Would it affect the numbers at the market? Or this is just a good opportunity to buy Cryptos, as a lot would definitely sell their coins?
For the sake of argument, let's say Japan suddenly experience recession. We all know that they are one if not the biggest mover in the market now so its logically that the price of crypto will be affected in the negative way. But then again, others will see it as a perfect time to buy because when Japanese market dumps their bitcoin because they are in recession, then coins will be cheap, other countries or even individual with huge capital will take advantage of the situation to store and accumulate more. So I don't think it will have a negative impact on the market long term. Good thing about crypto though is that it has no boundaries, everyone can get it and take the chance to ride the hype train. |
|
|
|
|
Isn't it that they have been debating about it for years? But its seems that they are still divided which means that India is still in the gray area as far as I'm concern. But if you think that they are going to make it a legal tender, I doubt that they will do such move though. However, regulating it is more practical and its a win-win situation for both parties (government and their people). Blockchain technology is different though, that's the ironic part, banks around the world fell in love with it but they hate bitcoin and crypto in general.
|
|
|
|
Do you think the call for inquiry relative to bitcoin at the policy making body like the House of Representatives in the Philippines would help in determining the future of bitcoin and its price?
I wouldn't think that it will have a significant effect on the overall price of bitcoin because The Philippines is quite small as comparde to other Asian Tigers like Japan, South Korea or even China. The only one being affected here will be the Filipino bitcoin community and crypto enthusiast in the country. I don't know what will be the outcome if there will be one Senate inquiry against crypto but local trading exchanges coins.ph have been complying with BSP (local Central Bank) with regards to AML/KYC policies of the government already. |
|
|
|
If BTC/USD breaks through $9.1k, I see $11k on the horizon. $9.1k was a strong resistance level in March.
Even though I usually say that no one knows which way the market is going to go, I do think that there is a psychological barrier at 9000-9100. So if we were to break through this, I do think we may go through some sort of bull run. But then again, my guess is as good as nothing in the world of crypto. We could go fucking up, down, sideways, to zero, or to a million. No one knows. I read that $9000 has been touch briefly though before the price goes below for a bit. As per coinmarketcap the price is $8,934.76 so its still possible that we can get it at the end of the day. (depending on your timezone). It's going to be interesting if the price is broken and see it sustainable, because if it is, then yeah, a bull run is not far away. Don't worry bro, I'm with you with this prediction so let's see how it goes. I don't know I'm pretty excited though because I have this feeling that the bearish sentiment is over. |
|
|
|
In my opinion. The issue of scam, illegal transaction and the government trying to centralized cryptocurrency was the reason behind the regulations but it all a matter of time before it all pay off. Meanwhile, the crypto market will surge back buddy.
Exactly, scams are one of thorn that really putting crypto in the bad light. That's why government are clamping down on it very hard. But if regulations will bring some legitimacy on crypto, then I totally agree with KYC or AML as long as it not being taken advantage of. Exchanges should protect it at all cost. So I firmly believe that crypto is here to stay no matter what kind of negativity we will face down the line. Yes, it can affect the market but I don't think it will have a long and lasting effect, just look at how many negative news we have overcome, (China news, Jamie Dimon attack, and other counties announcing a crypto as illegal thus, banning it and many more) but we are still here and now we are making a break out run and on the road to recovery. |
|
|
|
It may sounds funny but I can relate to your story. When I started engaging in bitcoin and started collecting satoshis from faucets my wife is laughing at me. But later on when I am already earning thousands of dollars worth of bitcoin online he began monitoring my wallet. Thus whenever I cashout my bitcoin it will always be collected by my wife.
LOL. Its very funny indeed. But on my end, my wife haven't given me terms of endearment related to crypto, however, sometimes she not just monitors my wallet, but there where times that I was totally focus on our business that I will just tell her to get some bitcoin funds to channel to my business. But I have no complains though, at least the skepticism was all gone and she even encourages me more than ever to do trading and all invest as well if there are extra funds available. So just like what they say, "Happy Wife, Happy Life. LOL.  |
|
|
|
|
I'm not surprised by the news as Estonia is one hell of a crypto friendly nation you can find. They might not be as rich as West Europe but with the rate on how they adopted crypto in general, I wouldn't be surprised if one day they will become of the top crypto hub center in the world. I'm comparing Estonia to Singapore, if you are not aware, Singapore is one of Asia's IT hub and it all started in early to mid 2000's when it economy suddenly bloom because of widely accepting IT technologies. So the mix of interest among its young population coupled will a lot of ICO projects, maybe in just 5 years those Baltic states will become the Bitcoin Tigers of Europe.
|
|
|
|
“Regulators are not banning the development of cryptocurrencies, but are trying to better regulate the market, which should help the industry mature,” Mr. Lai said. “If the regulatory stance gets clearer, large funds will be more assured and willing to commit significant capital.”
Only if the regulations are fair, of course. If it gets to a point where putting money in crypto is more trouble than it's worth, then why would anyone bother? That's the part where it gets tricky. But yeah, I have mixed feelings about institutional investors actually entering the market. They're going to be in it for the money, not the technology, so it will only contribute to volatility as they play with their money, and may actually hurt actual adoption in the long run. Exactly what my thoughts are. Institutional investors are in just for the money that might significantly affected the prices in a negative way. We have seen the impact in December when suddenly a surge of price pushes the price to a bubble. And after that, a lot of (newbies) investors got burned. so its a little bit tricky Plus I can also see that they can play a big role in manipulation the price. Its really exciting to here institutional investors really recognizing crypto but I still a bit of skeptic as to what they real intentions because at the end of the day, its us that are going to suffer eventually. |
|
|
|
I have some BTC asleep in my wallet doing nothing, therefore I want to put them in work to increase their value. I've already looked into crypto trading but that requires spending much time reading about the projects to find good ones with potential and staying up to date with it, however my main concern is that I don't have much time to follow up on them :-/ Also thought about running a Loan service, however it takes as much time in validating the loans and keeping up with them, not to mention with my current trust it's highly unlikely to find a valid loan since they'd go for more trusted users. My final thought was lending my funds to an existing loan service for a small return, which sounded good idea first... but I couldn't find a loan service that seems to be short on funds  Anyone got other ideas that will get me some revenue without having to spend much time following up with it? something set & forget for couple months (maybe check once every month or two)? Nah mate. The only options I'm really seeing for you is just HODL on it. Loan Services will take so much of your time and crypto trading, well, let's say its not for everyone. Someone suggested Freebitco.in, which they have like a bitcoin savings account, the earning is like 4% annual interest (paid and compounded daily) and the maintenance is 30,000 satoshi (.0003 BTC), So if you are interested, you may want to check it out as they may have change it though. |
|
|
|
Not so fast. So far all today's attempts to break $9k have failed. $10k may still be far away.
Where have you been? Go back and read my post #37. We already broke 9k mark. Technically, yes, there were some trades above $9k, but the price rapidly fell back and failed to stay above $9k. I do not consider it 'breaking'. I never seen the price reach $9000 though because I don't check the market price very often. But if it did for a brief moment and then it fell back a bit, means only one thing, the mental barrier is so strong and we might need a couple more days to overcome and finally surpassing it. This is just normal so I wouldn't be worry at all, unless we hit $9000 and then the price started to plummet again. There are still a lot of buyers around and it seems because they know they can't get the opportunity to purchased at cheap price if $9000 is broken and then marches toward 5 digits again. Let's see how it goes but I would say I'm confident that $9000 could be broken and at least goes to $9200 levels. |
|
|
|
Low price of Bitcoins will attract new people to join the rally, now that a lot more people can afford to buy a ''Full Bitcoin''
I completely agree. The more people buy bitcoin, the more they will know about it. The more people know about bitcoin, the more expensive it is. For sure it is good if bitcoin will get famous as this way more people will involve bitcoin and they will invest so market price of bitcoin will be high and our money will grow faster,. Today it is very good time to buy bitcoin because price is not very high and the super best thing is bitcoin has started to increase now, so don’t lose the opportunity buy at very good affording price. I always used this method to get more bitcoins, "Invest when I have the funds". I don't care about the price though, if I have extra money in my wallet, I will really try and buy as much as I want. Because based on experienced, there's no perfect time to purchase it. I still remember last year, lots of threads asking when is the best time to buy and keep waiting for the price to bottom, however, the next day is suddenly surges up and then reaches all-time-highs one after another. So if you are going to look at the current price, if you have bought it when it bottom at $6500, you already seeing profits today with the current value of almost $9000. But if you still waited and think that the price of $6500 can still go lower and will wait for it, then you already lost your opportunity. |
|
|
|
Many people are still fall on this kind of bitcoin investment scheme. Recently heard about the news of $17M bitcoin scam (Biggest scam on that country) ( https://www.rappler.com/nation/199915-filipino-couple-amasses-millions-bitcoin-scam ) I have here the list why people are still fall on this trap and maybe because of: *lack of knowledge *thinking for easy money *they really not care about this market or *Being feed with a wrong information To prevent yourself from being a victim you'd better to start making an effort to learn more about cryptocurrency, this is not an easy money you still need to make effort. Any thoughts about this thing ? It could be the combination of what you have said. They thought that they can get easy money and good return of investment, and their decision are clouded when they hear that they will get X amount in X days. But logically speaking its not possible unless is a Ponzi scheme which its turns out to be. To prevent yourself from being scam? Don't invest on them period. Used better judgement and probably asked people around perhaps. There have been a lot of investments scams in the Philippines but people still didn't learn from the past. Its just really sad though this time, it involves bitcoin which put another taint on its name. |
|
|
|
|
Well its just the beginning. I mean crypto is still in its infancy and it has still a lot of leg room in the next coming years. Government and central banks really know how disruptive this technology is that's why they needed to stop it before it blows out. But honestly, I don't think that the effect is really that big to disrupt someone's financial status in a negative way. On the contrary we have seen its effects on countries like Venezuela and Zimbabwe where there is total economic breakdown and it seems that it has positive impact to the people and was able to survive the economic crisis. So I also disagree about this so called "economic leakage", and the fight against fiat USD/EU.
|
|
|
|
Quiting the biggest & one of the most crypto-friendly countries makes no sense whatsoever.
Something smells at Kraken.
I 100% agree. It makes zero sense quitting the biggest market and saying that because of high operational cost? Japan is the leader as far as trading per 24 hours and I'm sure that they can get a small slice on that pie to at least maintain or even get a good profit business wise. Maybe Japanese government put a strong regulation, but its purely speculation as of this time. Let's see how it goes, I'm pretty sure that its' one of the worst business decision they are going to take if ever they really quit Japanese market for good. |
|
|
|
I think it's still early to tell. according to Tone Vays we need to hang around the 8,000$ area for a week. and then see what happens, maybe after that we'll get some clear bullish signals. I am optimistic over all, but we need to be careful with times like this
He also said that we not only need to maintained $8000, but we need to test and overcome the next mental barrier that is around $8500-$8600. Currently we are still on track to hit on in the next couple of days if the trend continues. After 5 months of heavy selling pressure, Bitcoin and altcoins have signaled to a bullish momentum pattern to buy. The recent low of roughly $6,500 comprised a 75% loss in value from last year’s highs of approximately $20,000. Currently, as with many other cryptocurrencies market, it finds as though the next move for BTC will likely be either more bullish momentum towards the 23.6% retracement area and even $10.000, or a declining pattern to retest the descending trendline that BTC recently overcame.
I believe that bitcoin and many blue-chips have completely bottomed out and have been confirmed both by hedge funds independently and technical analysis tools. What do you think?
Obviously we have (double) bottom at $6500 that's why we have some sort of recovery around $8+++. So it this price is not sustainable then expect another pullback, however its seems that the bullish sentiment has started to build up so another critical week to see if the pattern will continue and sustainable and test $8++ levels. |
|
|
|
Bitconnect lending platform scam should be made number one if ever a ranking for top cryptocurrency scam is made. It was glaring that the promise of massive R.O.I was never sustainable yet shills like Trevor James continued to promote the scam on YouTube till the scheme got busted.
Exactly, months after they exited, we have been calling it out that its a scam, I don't know why the public still trust and invested on them. Warning have been given, that's why its really sad for those investors who lost in this scam as they were advised. I really don't know what happened to Centratech though, it was endorsed by a lot of celebrities in the beginning, maybe they don't really understand how everything works that's why they try to promote (and paid handsomely) it but later on if was found that the co-founders was totally misleading. Specially claiming that they have partnership with MasterCard which turns out to be a total lie. |
|
|
|
Bitcoin continued its rise as last trading day on April, 13, and broke through $8000. Bitcoin value has been going up continuously recently, which makes the market of cryptocurrency alive again. The data showed that the turnover of Bitcoin achieved 10 billion dollars this week, while the average turnover per week was 5 billion dollars in the past.
And its continue to grow and moving pass $8000 and the next target is $8500. So yes we are in upward trend and isn't it good to see it for a change after the bears has been taking over the market for the last 3 months. Although Bitcoin is recovering, industry sources predict that Bitcoin price will go up continuously. The CEO of CoinShare, Danny Masters claimed that the market of cryptocurrency will recover, because more and more blockchain technique will be commercial, which increases the investors’ confidence.
Of course it only make sense that when bitcoin starts to recover, more investors renewed their interest not just bitcoin but the whole crypto verse so its going to exciting in the next coming months as we might see another bullrun. In a few months, the price of Bitcoin declined by 65% compared with the end of 2017. Many factors lead to underselling, and the time for revenue is one of the reasons. Because the capital gains taxes of taxpayers are more than the predicted number, Bitcoin owners found that they have to sell more property to pay the taxes.
On the contrary, I think more people will really pour their cash on bitcoin after paying all their taxes for this year. There was one speculation going around that after the Tax day in US, bitcoin will bounce back, exactly what we are seeing today. |
|
|
|
I also believe that Bitcoin and other crypto currency like ripple have so much to do concerning bank, money, finance and economics just as youtube did in terms of television and this the reason why I feel so sad about the FUD said from the governments, regulators etc.
It is because that banks are really afraid how disruptive bitcoin technology it. But if you look closely, they can co-exist, works side-to-side just like the comparison between YouTube and Television today. For me as much as what the popularity of bitcoin in the world will not make the bank a bit erased, it will be the same at the same time nothing is not good both, the two can still be together for the future, bitcoin still need a bank for people get all the money in bitcoin, but bitcoin has everything and is very profitable in terms of investment, I do not think like youtube and television but I think it will run as usual no one has problem in this thread.
Exactly, banks have been with us throughout history and it someone is thinking the crypto will replace and make them obsolete then they are wrong. The only problem I'm seeing with banks is that they really don't want any competition but since crypto offers and its hot on their tail, they have to do everything to eliminate it. |
|
|
|
Hey guys, I have been trading altcoins and getting awsome results.. i'm a day trader, with a good forex background. I was trying to find out a way to get the initial investment.. Take a loan is not a option i guess, because it could increase the pressure in making money which could result in negative results.. I can even prove my skills for people interested in investing but I have never made it. I mean, invest peoples money with slave accounts and all.. Its just what i was thinking about.. What do you guys recomend that i should do to get this initial investment?
Hmmm. Seems very contradictory to me (bolded statement). You mentioned that you are getting results and from my understand you are getting good profits then why the hell you are looking of initial investment then? Why not used all your so called awesome results to re-invest instead of asking around to put some "trust" in you. I'm pretty sure that you will get no one here even if you proved that you are indeed a good trader. |
|
|
|
In coin trading, you are your only enemy. There are no rules in this arena, only you facing you, and you are both winner and loser.
I wouldn't say that there are no rules per se. But most traders, should know when to enter and enter and mitigate risk as compare to gambling which negative is always at your side the minute you enter a casino whether online or landbase. People may think that they are fighting with the market, other investors, or those scammers shark that always have their eyes on your money. In fact, you are fighting against yourself. You are the one who made the decision. You can decide yourself to lose or win, trust me.
Personally, I don't think that I'm fighting the market. What I do is just try to win whatever I can. Try to take the advantage and bring good results in my end, which mean profit. As human nature, we all want to make a bunches and make it fast; too much temptation that incites us to gamble with our account.
In the end, only you can chase off the temptation to follow the plan.
That's why we always preach that you have to control your emotions when you are trading, otherwise if you sell at every dip because you are in a panic mode, then its better for you to look for other jobs that will make you money. |
|
|
|
|
Show Posts
