March 3rd around 7am GMT was the best moment to sell.
As the saying goes, "Hindsight is always 20-20." During that time what were the majority of the people trading Bitcoin were thinking? Judging from the threads and comments made, they thought it will still continue going up to $2000. If everything starts going the other way they will then start threads that the drop will go below $1000 and that Bitcoin is dying, when in fact the drop should be an opportunity to buy more. |
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as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me
Let me share to you something about my experience in trading. Actually, I started to trade in yobit.net I know many of you here are not in favor to this exchange. I transferred 0.001 BTC only as a starting point, because there are lots of cheap coins value in this exchange platform which can be multiply for x10 up to 1000x. So, I think its a good start for a newbie to do some trade here. Do not listen to this guy he clearly does not care what will happen to you and your Bitcoins. If you really know what you are talking about then provide us the history of your trades complete with proof. |
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For me it is more of a trial and error. No one really knows how the market will move, they just either sell or buy when they think that it's the perfect timing. However, there's no accurate way to know if the price will move up or down. IMO It still depends on the traders if they pump or dump their coins. Lucky if you gain profit  As of now many people will sell the bitcoins due to its price value being now. but traders buying the bitcoin greater than the google price chart in LBC. What did I just read? Your post is not only shows your ignorance but it also shows your lack of quality in posting. You did not think your post through and you are already borderline spamming. If you really think what you said has weight then try to defend that post. If people can know when to buy and sell through the price chart then why are there still losing traders? |
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I can certainly agree its a mess.
Btw, BU isn't mutually exclusive with other scaling solutions. I'm primarily a fan of it because
I think giving the power to miners to have an emergent consensus is better
than the centralized top down control of an entrenched group of core developers,
which is what I perceive the current reality to be.
(Doubly so now that many of that group are now arguably 'corporatized'.)
But I'm being repetitive myself now.
Point is, there are merits to many sides of the debate. No need for fanaticism
from any of us, right?
Will not that be open to abuse? We now have seen the Chinese industrial miners have one interest in mind, their greed. Giving them more power could make them collude and become the Bitcoin Mafia. |
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To simplify thing, just look at it in this way, the Winklevoss brothers have applied for a ETF to make trading in Bitcoin easier for the "clueless" Wall street traders, who knows nothing about Bitcoin wallets and private keys. They just want to trade in another asset or commodity, without having to research everything about the complexities involved in the storing and safe keeping of bitcoin.
That is as simple as I can make it. The SEC has to approve this, before it can be implemented. ^hmmmmmm^
It can be looked at that way but no. It is more like a derivative of Bitcoin. So it does not really mean that if you invest in the BTC ETF, you are automatically invested in Bitcoin. Do not forget theat the ETF's price can drop while BTC is going up and vice versa. These are two independent markets that have no direct connection. |
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I am not sure how it is set up but I would assume that the company that was set up by the Winklevoss brothers control the ETF if it is approved. You do not have to worry about anything because the ETF will have no direct control over Bitcoin. What I think is the ETF is a gamble on Bitcoin future success so Bitcoin has more control of the ETF's future but not vice versa.
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That would suck for Bitcoin if thousands of other users are starting to think of the same thing.
Not really. The question now here is what coin are you willing to use to pay your employees? Of all the options I can only LTC as the obvious choice unless you are going to use XMR or a scamcoin like Dash.
Every single altcoin will face the same issues. It looks like people can't grasp the reality that fleeing to an altcoin != solution. It equals to shifting the problem from location A to location B. The scamcoins like ETH, Dash, et. al are another story. You are right! The other coins will also have to face the same problems to a certain extent. I also think jonald_fyookball is only bluffing when he said he wants to relinquish himself from all his Bitcoins. But if not then he is welcome to let go if he wants. Good luck to him. |
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It's a gamble. Nobody can say for sure when it's the best moment to sell.
If you're big enough to move the market with your own trades, then you know exactly when to sell, which is right after you've pumped up the price. And I am using the word "pumped" here correctly.Other than that, what Gloober said. No one really knows, because no one knows the future. And in bitcoin, there isn't exactly inside info anyone can trade on that I know of. It's all guesswork. For instance, the price has risen pretty steadily to $1250. Wouldn't you think now would be a good time to sell? Maybe--but you don't know where we're going from here. We could crash or we could go to fucking Pluto. No one knows, not me, not you, not Donald Trump, not the bum on the street corner. That is easier said then done. Even the master manipulator will get burned sometimes. I little misstep in the process and you will lose more than you might expect. We have seen this happen in the real world when the banks' bubbles popped during the crash in the housing markets years ago. But what did they US government do? They bailed them out. |
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Bitcoin have zero inflation, its supply is limited just like gold or more than that so over time with increasing demand price of bitcoin will have steady rise so it is treated as trading assets just like gold. But it is more convenient than gold to send from one place to another as a form of payment so it can act like currency also.
Gold is still used as a form of payment, actually the fiat are backed by gold.
Technically no, you are wrong. Bitcoin still has some inflation as long as there are Bitcoin left to mined. I do not know the exact figures are on how much the annual "inflation" is but the discussion has been done in the forum before. |
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If you check who wrote the article, he is a big blocker. Then of course his opinions will be biased against Segwit and the Lightning Network. He is more willing to take the risks of a hard fork to Bitcoin Unlimited than take a safer path in Segwit. What does that tell you about him? This is more politics than a technical argument.
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I would say, in financial terms, bitcoin more closely resembles a commodity. I do believe it was designed to behave like digital gold so perhaps there should be no surprise there.
Now we can make big international remittances by sending bitcoin, rather than sending a shipment of gold!
EDIT: And bitcoin has an ISO currency code similar to gold, XBT rather than XAU.
nope a commodity is a raw material used to create other produce. gold=jewellery +electronics oil= fuel+plastic wheat=bread+animal feed beef=hamburgers+steak bitcoin is an ASSET.gold.. has 2 categories. as a raw material it is a commodity. but as a final product, it is an asset. bitcoin resembles golds 'values' in its asset category market. not its commodity category market. dont confuse bitcoin as a commodity by not understanding that gold sits on 2 markets. EG grannies gold necklace(asset) grannies necklace hold value that can be passed down to relatives or used for barter in pawn shops or between people privately, but has a different value than gold in commodity markets sold to industry. Another point of view is Bitcoin is a ledger. The coin itself is not a coin but a part of the ledger that you control through the private keys you hold and have the responsibility of securing. From that definition Bitcoin can also be considered as a receivable. |
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How do Bitcoin traders know when it's the best moment to sell and then buy again?
How to get that moment just before the crash?
How do experienced traders keep holding and predict the best sell time just before the crash?
The answer is they do not know exactly when the best moment is or at what price. All they do is make calculated guesses basing everything in technical analysis, fundamental analysis and their "gut feel" through their experience. But there are some who have behind the scenes information. |
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Stop promoting the shitcoin everywhere. It is a clear pyramid scheme that is dying.  You cannot blame him. It is in a bubble that is ready to pop anytime. He is desperate for greater fools to enter the fray so he could sell his bags to them. This is nothing new in the forum. I happen to be both a bitcoin investor and also someone that actually uses Bitcoin (to pay employees via remittances). This past week was the first time one of my employees actually complained to me about the payment because it took them 2 days to get their bitcoins through their bank processor to their bank. If this network congestion isn't solved soon AND I find myself able to use an alternative cryptocurrency (assuming its cheaper than paypal), why wouldn't I do so? Hint: I will. And if that happens, I would seriously consider liquidating a large portion of my bitcoin investment as well, based on the conclusion that Bitcoin's utility has been damaged while at the same time other competitors offer more value. Food for thought. That would suck for Bitcoin if thousands of other users are starting to think of the same thing. The question now here is what coin are you willing to use to pay your employees? Of all the options I can only LTC as the obvious choice unless you are going to use XMR or a scamcoin like Dash. |
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I think it's going to happen this time around. It just seems like bitcoins have taken such huge strides in recent history so they're proving to be viable. Viable to who? I do not think it is unless you are a dark market user or something like a ransomware hacker. The banks also refuse to acknowledge its importance. They even banded together to support R3 in creating a blockchain for them. Which failed in case you did not know. People are definitely interested in bitcoins and this is an easy way in.
But what kind of interest? If their interest is speculative, then that is no good for Bitcoin unless you care so much to make fiat money. |
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I believe the Winklevoss brothers have already expressed that they are not very optimistic about its approval. If it does gets denied I do not think there will be a big crash in price. There might be some selling though.
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Stop promoting the shitcoin everywhere. It is a clear pyramid scheme that is dying. You cannot blame him. It is in a bubble that is ready to pop anytime. He is desperate for greater fools to enter the fray so he could sell his bags to them. This is nothing new in the forum. |
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I thought they both did a good job and were able to articulate their positions well. I think the way forward lands somewhere in the middle and the solution needs to consider miners, users, and developers.
There were 2 things that shocked me about the chat... Roger saying that not spending BTC gives it it's value, and Johnny saying that he only uses Bitcoin once a month.
Don't we all.  The truth of it is not all of us are dark market users so there is really no need to spend Bitcoin. If ever we want to buy something online, credit cards are easier and gives us more choices of products to buy. So what happens is a big percentage of "Bitcoiners" only hold their coins waiting for it to "go to the moon". |
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a ponzi is where you hand funds over. and those funds are just used to pay off the middle mans other debtors. where you are left with nothing.
basically hand over X with promises of X+0.X return. but wher X pays out to others as their 0.X return.
totally different game theory to cryptocurrencies In my view ETH is still a ponzi because the market participants sell their coins to a greater fool and it is very much comparable to a ponzi scheme when more money comes in by new speculators and this gives the holders a window to sell to them at a higher price.
crap coins are you buying an 'asset' with the knowledge/naivity that the asset may go up or down in value.
if it goes down and becomes worthless. you might aswell have bought a bag of dogs mess..(hence crapcoin)
unless a coin has REAL utility its a crapcoin. and its 'value' is short lived with a pump and dump.
some try to rinse and repeat empty promises of FUTURE POSSIBLE uses.. but unless it has ACTUAL REAL USE NOW. treat it as a pump and dump crap coin.
if a crapcoins 'utility' is just a peg to another coin. but that second coin has no REAL WORLD UTILITY. then defacto the first coin is just as crap.From this definition I can see that ETH is a crapcoin. I see that you will not say it directly because of reasons you do not want to divulge. That is ok and I understand. But with utility or not, if their developers promise something that they cannot deliver then that should be considered a scam.
EG
bitcoin is great example of how real utility gave real value. it was released in january 2009. but did not actually get any "value" until 2010 when it obtained REAL UTILITY (bitcoin pizza / alpaca socks) and its VALUE increased due to REAL UTILITY (silkroad then more legit merchants).
in short if a coin just mentions future 'possibilities' your playing 100% speculation (pump and dump).
look for where it has REAL AND ACTUAL USE and follow the real and actual utility growth to know of its 'value' and longevity
It is good that it happened or else Bitcoin would ne considered a ponzi crapcoin by many right now. |
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Direct comparison between gold and bitcoin is kinda pointless. We are using 1 ounce to show that Bitcoin reached gold parity.
It's stupid and inaccurate. How about other standards and denominations like Gram and Kilo?
I am glad that bitcoin found itself on the front page of the BBC. There is nothing better than free advertisement.
You are just nitpicking. So what if they used the most common unit of measure of gold and compared it with Bitcoin. The commodity markets use the ounce and so should we. If BTC has reached parity then it did to some degree. You should be happy. |
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