I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
Current trends in cryptocurrencies market is prices fall down because people want to cash out and secure their funds due to uncertain news about bitcoin hard fork which lead to chain split and price crash. I don't take it seriously, just speculation to shake the market and influence people who afraid then sell their coins. We know bitcoin always recover and rise even through the hard time when some exchanges got hacked. There is nothing to worry because devs, miners and all of us always support bitcoin and if scalability issues be solved, bitcoin should rise over $3000. Just be prepared and wait until that time comes. |
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Just to remind everyone, price after the fork was around $10 or even less, now it is like $222?
As always, speculations about future and potential demise/fail of bitcoin are exaggerated greatly. Bitcoin will survive even after a split.
The problem here is that noobs tend to take everything for granted too easily. If you look at how many threads have been popping up with the split/fork as subject, it shouldn't surprise anyone that noobs can't hold themselves anymore. The entire forum has been infested with clowns spreading false and wrong information. If you widely browse through this forum, you'll see that the majority of the people look at forks as something negative, while in fact these 'updates' are needed to push Bitcoin forward to let it cope with the increased demand. I thought segwit2x or UASF on August 1 st is a good deal which could cause big increase on bitcoin prices in matter of a week or so (read this for more information http://www.uasf.co/). But, there are too many negative opinions here and there in this whole fear of uncertain hard fork and chances of chain split. For people who knows for sure what will happen this month or next month due to this fork things, could play with the prices and get big profits from panic seller. Now, I've read an administrator comment about this and stated BIP48 will fail and bitcoin might face crash before or after August. Last day, bitcoin price declined as much $200-$300 and may continue to drop, many people already triggered to sell and pretty pain for big holders who felt lost because this dump. However, I suggest to everyone ; if you afraid of lose, than just sell small amount of bitcoin just in case and believe in bitcoin, it always recover after big drop and there is a small chance for bitcoin drop less than $1800. |
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The cycle of cryptocurrencies always repeatable, current dump consider as normal as we've been going through it many times in every year, in every big news/issues. People know there is a big chance for bitcoin to rise if segwit will be implemented as it resolve some problems regarding high fees and unconfirmed transactions.
Where is the money going? It is save in investors pocket until the right time to buy back. they just influence people to sell bitcoin to make it drop further. We may see bitcoin price increase as fast as its decline yesterday even more, because people seems cash out their money from altcoin to be invested on bitcoin.
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I would like to participate if eligible to,
Username: Rahar02
Post Count: 624
BTC Address: 15P9VjPfSvJSmojfSKD7hxLXexxCJvJC4N
Thank you,
Best regards.
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I and many others just hold their bitcoins and wait till it gets worth more. But that is not how a currency should work. A currency is meant to be used in daily trades for groceries and so on. My question is how can we push the actual use of the bitcoin and what is nessacary to do that ? I think first, we should wait till the scaling problem is hopefully solved in near future, because right now even if I had f.e. a grocery store, I would not accept Bitcoin as payment becasue of the confirmation time of the tx (I would hand out some coupons which can be bought for BTC) After this problem is solved this would be my ideas, I hope you help me gather more: - Convince organisations like amnesty international to accept bitcoin as donations
- Convince big internet companies like amazon to accept payments via bitcoin, this should take a while but with some petitions they might consider it (propably better starting with some smaller companies)
- Start accepting bitcoins yourself, not only on the interent but for example if you are a student and do some private tutoring, and have a small ad for you on a blackboard somewhere, you could print a "Bitcoin accepted" on it.
What we need for now is to solve bitcoin problems which its decision in the hands of devs and the miners to vote and agreed about the solutions, there is nothing we can do except watch it and waiting, or you can give some suggestions to them. Bitcoin has some advantages which people will attracted to, after more adopters get into it, they will think about use it in daily transactions as well. Imagine if stores/merchants owners use bitcoin too, they will accept bitcoin without we push them. |
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Of course I do, use some exchanges to compare cryptocurrencies prices and there are some famous exchanges like poloniex and bittrex which doesn't list new coins so we need to use other exchanges such as livecoin, liqui or yobit to find it. But, if you are not an expert or not a daily traders, it is enough to use one or two exchanges as your experiment fields.
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Its going on until the end of the ICO which is the 27th of August.
We are working on one sheet to make it easier to pay those that still need to update their information.
Yes, I have to update my information relate to Link and nano wallet address. Didn't get the last payment because wrong wallet from android, I thought it same but actually it doesn't works, different with nano wallet. Could I pm my nano wallet to devs team/manager who in charge for next payment, dimcoin? |
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Block size is very important as it is relate to confirmation time for every transaction, look at this ( https://blockchain.info/unconfirmed-transactions --- https://blockchain.info/charts/transactions-per-second) you will see that 2,11 transaction/sec and how much unconfirmed transaction? over 9,3K right now. Community want faster confirmation time, if there are too many unconfirmed transactions people will add more fee in order to make it confirmed even faster than any other low fees transactions. Because current problems of bitcoin are, people should pay high fees and wait for long time to get it confirmed. So, we need bigger block size to take more transactions, included into blockchain and hopefully we will pay normal fees such as before. |
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It took many centuries for the fiat to replace the gold, can we give at Btc a few years?
Agree with this one, bitcoin need more time to become more famous and used in various sectors of economics, but confirmation time maybe the main problem if we compare to cash transaction which is instant. There is no any cryptocurrency will ever replace dollar or state as "digital dollar", as dollar already has it own digital obviously. Fiat currency has designed perfectly, it has digital form issued by banks and third party platforms, people use it everyday through credit cards or something similar. |
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Countries with rogue or just incompetent governments may fall victim to a Bitcoin "attack", so to speak. In these countries population heavily suffers from constant currency devaluations (e.g. Zimbabwe in the past or Venezuela right now), so with Bitcoin they can completely abandon their low paid jobs and make a living entirely off Bitcoin. From an economic point of view, that would work as a reversed inflation tax. With a direct inflation tax, it is the population that suffers most from currency devaluation, but when we reverse this tax, it is the government that now gets hit by it.
That's actually one of the positive use cases of Bitcoin. Hedge against inflation of your local fiat currency. Bad monetary policies ruin currencies all on their own, no need for Bitcoin on that. Indeed, it's more likely as an advantage for bitcoiners and citizens who lives in countries with financial problems. Make their living entirely off bitcoin maybe harder to do than just say it due to bitcoin scarcity and high costly to get it especially after bitcoin reach higher price such as $10,000. We understand, some people could use bitcoin for illegal activities such as terrorist financing, buy illegal drugs or money laundering, that's why govs have to regulate bitcoin and exchanges as the entrance to convert bitcoin into cash. |
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Very possible but I doubt it will be this year or next. If it wasn't for Ethereum I'd believe Bitcoin would hit $10,000 next year. Ethereum will take alot of Bitcoin market share, who knows, another new revolutionary Altcoin may be out to do more damage.
Yes ETH is moving like crazy and nobody expected that it will go so high in recent times but expecting $10k from bitcoins is too high as I don't think we will see that price in next few months or years and we need good patience to hold our coins till it reaches to that value. Ethereum used for trading and funded projects, never heard about ethereum legalized or being used as a currency to buy daily needs. Bitcoin has been spread widely and used for various purposes, nonetheless, bitcoin problems about unconfirmed transactions and high fees become obstacles for bitcoin development. After this problems resolved, I believe bitcoin could reach $10,000 in 2-3 years later. |
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Even bitcoin isn't an instant way to get rich, there's no such thing if you start from nearly zero unless you will win a huge lottery.
For early adopters, they have to wait for years to stated as Millionaire, again, not an instant way.
If you have much money to invest on bitcoin, it may a shortcut to get more money and become richer.
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I would be very interested in this. For those that do this full time as their job, what percentage of these traders would you say profit per year?
Obviously people who trade recreationally, the success rate is much lower right? But i would be very curious about this.
I'm also curious how much people would you say trade currency as their full time job? Most importantly, how much money would you guys say you need to make money trading coins? Let say you want to profit $50,000 a year. Would you say you probably need like $150,000 in free cash to do something like this? By that, i mean have $150,000 in your bank account/trading account combined in order to manage $50,000 profit a year? also would you say trading currency is easier/harder than those people who trade stocks? Because from it seems, its like most coins seem to go up right? How many total crpttocurrency coins are there right now? How many coins have failed where that coin no longer exists? Or do these coins just stay at 0 and still exist etc?
I also heard people trade currency such as usd/euro as well. is that harder/easier than stocks? What about compared to cryptocurrency?
Because it seems like as long as you get these coins when price is low and there is promise to these coins like they are in the top 10 or 15 list, well wouldn't it just be wise to at least buy them? Also if you use the concept of buy low and sell high, then shouldn't that you give you advantage? For example if ETH is $300. you buy 200 of them at $60,000. Now it goes up to $350. You immediately sell them all and profit $10000 minus the fees.. lets just say its 1 percent or 100 dollars. So you made $9900. But of course it could drop to $250 and you are down $10000. But basically just wait until it goes above the price and then sell. The issue with this i know is well a coin could just plummet and never go back up. But even if it does that, well it can always still go back though it might take a very long time. So imagine a person buys a lot of ETH, zcash and coins that have lot of good reviews from people, then shouldn't this give an advantage? Of course you arent going to buy some coin that has a ridiculous name like leocoin since nothing will probably come out of that coin.
Thoughts?
Too many newbie questions for hero member I guess. There's no any guarantee in cryptocurrency trading obviously, you can't expect to buy altcoins at low and sell it at higher price as you've said it could drop and you will loss then. But, huge amount of capital has higher chance to get more profit as long as you invest on the right coin and be patient waiting for it rise up. Latest drop of ethereum around $210 and yesterday it could recover to $316, so whoever have bought ethereum as much $150,000 at $210/1eth and sell it at $316 already made $75,714 USD profits minus 1-2% fees, make sense to those who dare to invest such amount of money. |
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Good BOOST for monday.
The boost won't be that big. Japan still isn't the leader in trading. Also, somebody should investigate how their Bitcoin businesses are really doing. I suspect there could be big interest in the currency but only out of curiosity and very little real use. I suspect the same. I don't think actual mainstream BTC usage is really there yet. Either way it's a step in the right direction. At least Japan has taken a step further than any other countries, because it is a good idea to eliminate the 8% consumption tax on bitcoin transactions and will encourage people in Japan to invest/use bitcoin for various purposes such as remittance service to send bitcoin all over the world "without paying a price gap". Since Japan applied taxes to purchases bitcoin before this decision which make people should pay more to acquire bitcoin, now it has been abolished and we expect more adopters join in bitcoin community. |
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Assuming the software doesn't blow up (I'm not real confident, but with so much riding on it they might actually get it right this time), the Segwit2X folks should have SW enabled for signaling on July 21. With 86% miner support at the moment, IF some of the miners don't pull out at the last minute (i.e., Bitmain) then SW will be close to activation on August 1. Note that this depends on a couple things. I'd put the chances of SW2X pulling it off at around 60%, IMO. If something goes wrong or Bitmain reneges again, then BIP148 gets activated. It will be messy but it will win. Jimmy Song has a good article explaining why, and the case has only gotten stronger since he wrote it. The majority of miners, having just spent a month publicly declaring their intention to support SW, are not going to universally turn against it on August 1. Even if some follow Bitmain's lead or get cold feet, enough will stick with it to make BIP148 viable. And if it is viable on August 1, victory is virtually assured. Song's article: https://medium.com/@jimmysong/uasf-bip148-scenarios-and-game-theory-9530336d953eSo my prediction at this point looks something like this: 60% of Segwit activating thru SW2X, no BIP148 activation. 35% of Segwit activating though BIP148 w. some turmoil. Bitmain may try to fight with their planned fork, or may abandon its bluff. Doesn't matter either way. 5% of something else... The main question before what will happen after 1 st August is ; if any of those solutions will be implemented, whether miners and core will come to an agreement or compatibility to activate one of the proposals? If segwit2x really a good deal, than I'm sure bitcoin will continue to rise more than $5000 in this year, just hopefully nothing going wrong as we all in bitcoin community don't want something bad to our bitcoin, and so are miners and cores. |
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I think it's not so important to be the first. There are many coins which are more developed in technical sense than bitcoin. But keep in mid that bitcoin started it's "career" almost 10 years ago and LTC and ETH are kids if to compare them with BTC. I am sure one or even some of altcoins may replace bitcoin one day and get even more success, but I can't tell you now when exactly it will happen.
i do not think that there is any reason that compare bitcoin to nay other altcion. bitcoin is in fact the mother of all the coins, and all the people are revolving around bitcoin, even those people who are investing their money in altcoin for trading purpose but still they are using bitcoin for trading altcoin therefore bitcoin is the number one crypto currency and will remain as number one for ever Being the mother (or father) doesn't mean that it will always be at the top As I said above, many altcoins are technically better than Bitcoin, but this alone doesn't guarantee their popularity since Bitcoin is popular not because of its technical edge (there is none), but simply because it happens to be the most popular coin as a means of speculation. And in this regard specifically, the first comer is the first to receive most of popularity and success (that basically explains why Bitcoin is still No. 1 even if it is technically inferior to some coins). But this cuts both ways, apparently, i.e. if Bitcoin loses its appeal as a speculative asset, for example, it starts bringing constant losses while some other coin gradually rises in price despite Bitcoin going down, Bitcoin will quickly lose its popularity. This is the real thing which every Bitcoin user should remember The answer still : first one become more popular and trusted than others, because its decentralized system even though there are a lot of altcoins copied this idea. And yes, if bitcoin start to fall down, altcoins will follow to decline as well, because people see it as the standard of cryptocurrencies. Altcoins could exceed bitcoin if the price could reach Bitcoin level, like $2500 right now, but that's hard to achieved due to people trade altcoins to get bitcoin in the end, simply because bitcoin more popular and worth more than others. |
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there are many reports which states that the coins sized my GOVT agencies will be auctioned soon...
if we do some calculation i think there are aprox 1000 BTC (maybe more) which are freeze by agencies from various counties
if i remember correctly Silkroad admin alone had 300+ BTC..
now if those reports are correct
and if those BTC again come to circulation
does it mean we can expect a huge decrease in BTC rate in future ?
Unlikely that this will happen. This is the address in question:https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX. The auctioning off of coins happened long ago, it's not even news right now. I thought maybe i missed something because I wasn't that active recently, so not able to keep up with the recent news but revealed no major auctioning happening in the near future. Plus, a few thousand coins wouldn't hurt at all. Trading volume is hundreds of millions of dollars per 24h. No. If there is a dump now it's because of a pre SegWit uncertainty. Many people are also dumping to add to the wave and cause more panic, so that they can buy more and be ready for a pump in a month or two.
Auctions used to be a big thing, but history has shown that people who buy at auctions don't dump. There was never a huge sell off after the auction, always before it and i'm sure there won't be one now. These people are not trying to buy at auction to earn a few $ per coin, they are hoping for a pump and millions in profit. You always sell when it's rising, when the liquidity is high and the buyers can take it without noticing.
Agreed, market uncertainty before a fork is always the major issue that contributes to a price nosedive. I just knew about silkroad seized coins BTC17.36993672 but still wondering how could Op stated it approximately more than BTC1000 and it was long time ago when auctioned happen? So, we would appreciate if Op mentioned some links about seized bitcoin will auctioned soon? This is what I've got https://www.google.com/amp/s/amp.businessinsider.com/bitcoin-price-government-auction-winners-2017-5 and those auction happened few years ago. And people who got those coins won't sell all of it at once obviously, so we can't expect huge dump in the nearly future. |
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There are some trading groups to discuss about which coins that will be rise or stay down and everyone could join for free, look at trading thread (here) and you may find one of them.
How you decide which coins to hold for short and long-term?
Which coins you want to hold for long term?
Usually, I trust some coins that has been around for months and has good record.
Nxt and Iota may increase a bit, antshares, ark and steem are good enough to hold, ardor and bat seems has good pump right now.
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I think the only reason for that is because Bitcoin does not have a real economy yet. It is just used for trading purpose, unline other traditional currencies which are used to buy and sell stuff
Indeed, mostly people use it for trading but there are a lot of people who store their wealth in bitcoin as well. Another reason why bitcoin price so volatile because it's decentralized digital currency, different with fiat currency such as USD or Euro which backed by government. Without any backup, bitcoin stand alone with people who support and trust it'. Bigger market cap or higher price make it more volatile, because if people sell their bitcoin could make its price drop even more. |
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... I guess this is a shakeout of noobs to get more cheap BTC before the big segwit price rise.
this is actually what i was discussing with some people the other day. we all know that activation of SegWit means a big rise and a follow up bullish market for a very long time to come. so this simply means before it activates the only time whales can pick up more cheap coins is now, hence the dumps and shake outs. it has happened many time before too. just before the $2000 was broken we saw the struggle to go above $1250 before that the dumps and struggle to break $900-$1000 and so on. and each time a dip and a lot of shake out before the big bang. It seems started from ethereum price decline, then people speculate ICOs project cash out their funds from ethereum to secure it on cash. Big dump occurred and people panic if didn't get the profits from the highest rate, from there it all started. But, bitcoin dropped back (- $200) as well follow ethereum, yes maybe some people panic sell after whales shake the market, but not sure. What makes it interesting is after ethereum fall down, all coins follow this trend and many coins drop more than 20%, what a tragic. |
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