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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I sell my airdropped tokens quickly or hold on to them? on: November 19, 2017, 01:53:05 PM
speaking for myself, my choices are ..
1. to sell all right away
2. or to sell most right away, and sell the rest at leisure
3. or to sell some right away, and try to get better prices for the rest

i guess if i feel like playing, i can do 2 or 3 above. it takes attention and some time to do 2&3, maybe worth it, maybe not. so it really depends on my ur day is shaping up, i guess.

that said, #1 above would be my default choice, i think. get the item off my plate, then i can sign up for other airdrops hehe XD
2  Economy / Trading Discussion / Re: Equipment for trading on: November 19, 2017, 10:38:52 AM
When u find that u r spending more time trading, u should set urself up with a multi display trading station.

It's easy to get a couples extra monitors and mount them up on display racks to either side of ur main display screen.

U might even find alternative use for them such as watching vids, live feed from ur cctv system, or multi display gaming Smiley

Benefits:

Additional display real estate so u can have more charts for visual reference

such as . charts from other exchanges
charts of other coins u like
feeds from sources like twitter, slack, telegram, etc

happy trading! Smiley
3  Economy / Trading Discussion / Re: Trading tips on: November 19, 2017, 10:29:16 AM
I like this saying best:

Bulls make money, Bears make money, Pigs get slaughtered.

Don't be too greedy!

A way to fight greed is to use Multi Targeted profit taking approach:

T1 to recover the cost of ur trades plus some profit
T2 to take profit on top of T1.
T3 to ride the trend until it reverses.

The purpose of T1 is to remove the risk from ur trade when practicable. After all, recovered capital is capital that can be redeployed at the earliest opportunity.
Over a large sample of trades, the majority of profits would likely come from T2.
Although T3 would provide some truly phenomenal gains!

Using an example such as the early pumps of NEO or OMG, coming from ICO: T1 could be a point where price has doubled or tripled. And you exit 60% or 50% of your position.

T1: ur position of 100 becomes 2x or 3x => 200 or 300..
..exiting 60% of 200 means 120 is recovered.. 50% of 300 means 150 is recovered
..in both cases above, the capital is freed up and no further losses can be incurred from the trade

T2: ur position of 80 (200-120) or 150 (300-150) can be halved when price reaches 4x, as an example
..from 2x to 4x, your 80 becomes 160, u exit 80 and keep the balance open
..from 3x to 4x, your 150 becomes 200, u exit 100 and keep the balance open

T3: at some point it becomes clear that the price has peaked and the market's attention has shifted to other coins. you may exit at the current price or just hodl the balance. after all, these are now 'free' coins (they have been free since T1 price was met & exited)
4  Economy / Trading Discussion / Re: Does Bitcoin have a future? on: November 19, 2017, 09:23:56 AM
Yes, I believe Bitcoin has a future.

Because more and more people are getting introduced to it and the world of cryptocurrencies in which Bitcoin is top dog and used as gateway in acquiring other cryptos.

By itself, it is an attractive investment vehicle because it can grow in value .. and also fluctuate a lot in value giving holders, investors, speculators and traders attractive returns.

There are so many ways to make 'sure' gains with Bitcoin, the simplest of which is to buy-along when it is pumping after a huge dump and selling-with when it is dumping after a huge pump.

I think Cryptos in general and Bitcoin in particular are brilliant tools, purely as means in redistributing wealth.
5  Economy / Trading Discussion / Re: How to increase BTC? on: November 19, 2017, 09:15:44 AM
Any profit I make trading is increased btc. Even if the profit is just 1-2% per trade.

I think the impt thing is to compare 1-2% gain vs zero gain on just hodling btc in wallet.

And if by making small gain, i lose the chance to make big gain by selling too soon.. then i just shrug it off and look for the next trade. Because losing on opportunity to gain is far less painful than taking risks on what could be bad trades that would end up shrinking my capital.

But that's just me thinking Smiley

6  Economy / Trading Discussion / Re: Coins good for trading? on: November 19, 2017, 09:05:21 AM
I would choose to trade Bitcoin vs USD because it is the benchmark market for all cryptos.

I had decided to stop trading altcoins when prices (in satoshis) kept dropping due to bitcoin price fluctuating.

Which led me to conclude that I needed the ability to reliably forecast the market movement of bitcoin, and how the altcoin markets would react as a consequence.

Which led me to conclude that, if I could successfully predict bitcoin price movements, I need not bother trading altcoins and simply trade Bitcoin.

After all, hodling is hodling and trading is trading.

Trading gains are measured in terms of BTC, so the best fit i've found is to trade btc/usd pair directly via Bitmex and the gains (or losses) are measured in BTC.
7  Economy / Trading Discussion / Re: Best Altcoin Trading Platform ? on: November 19, 2017, 08:39:34 AM
I like Bittrex and Binance in equal measure.

I am most familiar with the Bittrex interface and their integrated charts are better than some on the market.
Binance because their fees are fairly low and they offer BNB as a means of discounted payment. They also have a 1-click market buy.

Next I like Liqui. They are pretty quick in getting those coins listed.

Next I like HitBTC. They are a nice exchange but I am least familiar with their ui. And recently I have been doing less altcoin trading anyway.

I haven't traded on Poloniex in a while but they seem to still be doing fine, so they are worth checking out again I guess.

I mostly use Bitmex for leveraged trading now. Its a pain to learn their complicated ui, but ultimately worthwhile, I hope.

Bitfinex as reference because they have the highest BTC-USD volume.
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Best altcoins to buy now for future on: November 19, 2017, 08:29:20 AM
buy the coins i'm holding so i can sell them at profit!

i'm just kidding.

but not really... of course i'm gona promote my own bags, right?

but i'm holding just neo and bitcoin anyway

and maybe some ICX too Smiley

so just buy those 3  Smiley
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: NEO Is Going Crackers. What Will Be The Announcement In 3 Days ! on: November 18, 2017, 11:56:19 AM
I understand there's more ICOs coming out on the NEO platform.

I also know they are developing a number of subsidiary technologies.

Do you suppose one of these other techs is the object of the news?

But what's really exciting I hope is that this is not a 1-item thing. After the good news of 3 days away, I hope more good news follows to keep faithful NEO hodlers in the green for days and weeks to come Smiley

10  Local / Pamilihan / Re: CMPH - CryptoMiners Philippines Official Thread on: November 18, 2017, 10:04:03 AM
sa pagkaintindi ko, cost of electriticity talaga ang biggest barrier ng mining sa pinas

even assuming u can get the best internet connection with zero downtime, likely patay pa rin sa cost ng electricity

anyway here's what it takes kc to be a successful miner:

1. capture a certain % of the mining proceeds of the coin u like
2. example 15 btc every 10 mins. u want a 1% share of that. then u need to have a 1% share of the hashrate of the network
3. suppose the network is 99units currently.. then u need to provide 1unit para maging 100units in total tapos u provide 1/100 then that is 1%
4. up to this point, u know what u wil get and how much it would take to get it (how much cpital investment and cost of electrctiy to operate)..
5. but then other miners will also upgrade their hashrate.. so that if u want to maintain that 1% share in the network, u also need to upgrade urs proportionately
6. nandito yun problem. ur counterpart miners who pay cheap electricity can buy extra mining hardware faster than u can
7. kc mas mabilis sila makaka recover ng puhunan therefore mas maaga sila pwede mag reinvest

so then mining in phils.. ur objective is to accumulate & hold those coins expecting the value to go up therefore making the venture worthwhile..

but then u can also simply buy the coins and hold them until the value goes up and then sell for profit -- 5 10 15 20 25% more than ur cost.. then when it goes down in value, buy it back

ang labas mo crypto trader. nothing wrong with that Smiley
11  Local / Pamilihan / Re: maliban sa coin.ph wallet meron pa bang ibang wallet ang bitcoin? on: November 18, 2017, 09:57:03 AM
maganda electrum-btc wallet

maganda rin jaxx

sa online wallets, maganda yun omni-wallet

suggestion lang cguro isave ninyo yun private key ng bitcoin accounts ninyo. have it stored on a separate device or usb key.

u can also save ur wallet.dat file .. back it up elsewhere, but private key allows access to ur balance. so that's all u need, really
12  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Red Pulse (RPX) on: November 18, 2017, 06:07:54 AM
Hello and thanks for the topic to discuss Red Pulse, Neo's first ICO and a project that promises to revolutionize the market research in China's finance industry.

Is there news of any further exchanges to support RPX? I would love to see it listed on Binance, for example, as Binance has served as a good home for Neo and Gas in recent months.

Looking forward to hearing more good news!

Cheers!

13  Local / Pamilihan / Re: Coins.ph Official Thread on: November 18, 2017, 05:53:05 AM
Hi, I haven't done the verification videocall yet. it's been hectic and there have been a lot of holidays. I'll set an appointment next week.

I hope u won't be suspending any services for slow compliance hehe!

14  Bitcoin / Mining speculation / Re: is mining worth my time and effort? on: November 18, 2017, 04:58:50 AM
You definitely want to get into cryptos. And mining as an entry point is certainly 1 way.

The other ways are:

1.to buy bitcoin / altcoins directly from sellers or exchanges
2.selling somthing of value/ providing a service in exchange for crypto as payment
3.earning bounties / airdrops from this forum

Each of the methods holds a different appeal. And for sure, u need to choose one that fits u.

..Mining is basically a part time job that u undertake with urself as ur boss. U will incur initial startup costs (cost of mining hardware) and then u have to pay a recurring variable cost (cost of ur electricity). I suggest u also pay urself a small allowance for 'minding the shop'.

..Buying cryptos is basically a 'speculative investment' type approach. When price moves, by somthing like +/- 5% per day, ur investment grows or shrinks accordingly.

..Selling somthing of value for cryptos is a longshot if u ur plan is to sell ur used gear. As for working for crypto, i don't know of specific marketplace for this but i'm sure u can also arrange some kind of ex-deal, such as....

..Bonuses and airdrops from this forum, which have the smallest barrier to entry.

If I may suggest, do this:
..instead of working directly for crypto payments, work some other jobs and use ur income to buy some cryptos
..in ur spare time, work on the airdrops and bounties on this forum
..mining is not really a fire & forget type of venture because u have to make sure ur rig is operational 24x7 which means u need to handle any hardware, software, or connection problems soonest (minimal downtime)

Happy gathering Smiley
15  Bitcoin / Bitcoin Discussion / Re: Amazon to accept Bitcoin? on: October 28, 2017, 09:50:27 AM
This is definitely something we can look benefit from!

and amazon can even offer to re-sell their bitcoins!

it would be convenience of a different magnitude!

next stop would be to offer a bitcoin corner in the amazon marketplace -- where bitcoiners can buy bitcoin-related merchandise, memorabilia, etc

it is great publicity.

and not just for bitcoin, but also for other crypto currenciess

so i'm looking forward to it for the incidental benefits as well, not just for the convenience of shopping and (hopefully) buying bitcoins from amazon Smiley
16  Bitcoin / Bitcoin Discussion / Re: Billionaire Investor Warren Buffett Says ... Bitcoin in 'Bubble' Territory on: October 28, 2017, 08:49:45 AM
hehe some people simply think that bitcoin is a bubble at any price > 0

bitcoin doubters will always say its value will drop and people will cry in the streets

and then there's this vid i saw where the bitcoiner challenged his disbelieving friend to sell him 1 bitcoin for somthing like 3K usd at the end of the year.

he offered this deal back when bitcoin was selling for around 3K usd

if that friend is smart, he would have already bought bitcoin at current price -- AT the moment they had that deal. After all, that would be the only way to AVOID taking a loss on that deal.

But if the friend is a true disbeliever, he would wait wait until the price of bitcoin goes down down hehehe

it's an interesting way to challenge ur disbelieving friends

(provided u believe bitcoin is worth AT LEAST the current market price Tongue )
17  Bitcoin / Bitcoin Discussion / Re: Is BTC really anonymous? on: October 28, 2017, 08:24:25 AM
By itself, bitcoin is not anonymous.

However, there are layers of technology that can be applied to it to help add some measure of anonymity to the transactions.

And of course, there are counter-anon technologies to nullify these.

Look to altcoins for anonymity features. There is no one altcoin that is best for anon. each has its own strengths and weaknesses.

if u were a dubious entity who wishes to use bitcoin to cloak ur transactions, u might actually be calling unwanted attention to said tx. It's like telling people where to look. granted they need to look long and hard, but then they would know where to look.

18  Bitcoin / Bitcoin Discussion / Re: How do you explain Bitcoin or crypto to complete newcomer on: October 28, 2017, 08:04:04 AM
I have used paypal as a parallel. read on:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
bitcoin is paypal for nerds

paypal is a virtual wallet, they use ur email address to track ur balance.

bitcoin is a software wallet. I use various apps to track our balance.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
that's right, *I* hold the balance. not some 3rd party company like paypal. and my balance is posted on a public ledger that anybody can reference for authenticity.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
paypal uses regular currency like USD, EUR, etc

bitcoin uses a nerdspeak unit of measurement called satoshis. it is valid up to 8 digits. so that 1 satoshi is 0.00000001 bitcoins
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Lets say ur paypal uses USD as base currency. and u have 10 usd in ur wallet. then the value in ur paypal wallet is 10usd.

but what if ur paypal balance is USD and u want to buy somthing with local currency say SGD, HKD.. this is possible, paypal wil simply convert ur USD balance to equivalent amount in SGD or HKD and ur supplier wil get paid in the currency they want using an exchange rate that paypal will impose on you
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
as for bitcoin, conversion from btc to currency like usd is also possible but this has to be done manually. No standard gateway exists right now to readily convert btc to regular currency. Altho a lot of such services are already available in the market, linking btc balance to a debit card system.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the exchange rate from bitcoin to regular currency is volatile.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
no ONE company or person is behind bitcoin. instead it is an autonomous decentralized platform .. what this means is that the users who participate in the ecosystem -- miners, wallet holders, vendors who accept bitcoin payment -- are the ones who collectively comprise the bitcoin 'organization'. with more participants in the ecosystem, bitcoin will thrive.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the more people who use bitcoin, the stronger it becomes. quite like paypal, in this regard, because paypal is only as valid as the number of participants willing to send/receive, payments, and keep stored value in their paypal wallets
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
just as nobody is forced to use paypal... so it is that nobody is forced to use bitcoin.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the same cannot be said about regular currency, like USD as an example. In the US, one is not supposed to refuse USD payment because laws exist to confer upon it the status of 'legal tender'. In the US, I understand that to refuse payment in USD is a misconduct that carries penalties.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Because bitcoin has a finite supply (fixed maximum supply of coins) as against paypal currencies, the value of bitcoin 'satoshis' are wont to increase.. unlike the value of ur paypal balance which is exactly -- no more and no less -- than the regular money that it uses to measure ur balance.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
for example if, 6 years ago, i deposited 10usd into my paypal wallet and did not touch it eve since, then today that wallet is worth exactly 10usd.
on the other hand, if 6 years ago i had deposited 10usd into my bitcoin wallet, then today that wallet would be worth.. around 1,800usd
for reference: 8 July 2011 = $31.00 = top of first "bubble", followed by the first price drop; today bitcon price is 5760usd;
computation: $10 / $31  x  $5760 = $1,858
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
as more people want to own bitcoin and therefore buy and keep it in their possession, there are then fewer bitcoins circulating in the marketplace. like a rare limited production gold coin, for example, with only 21 million of it in the world. if 20 million people each buy 1 coin and keep it their a safe, then only 1 million gold coins remain circulating in the marketplace and the value of these are bound to go up as long as more people want to acquire 1 of their own
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
since bitcoin is divisible up to 8 digits, scarcity does not have to be a big deal. 21M bitcoins x 100,000,000 = 2,100 trillion satoshis. there are more than enough satoshis for the world's population to each own around 250,000 satoshis (or around 0.0025 bitcoins per person)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
19  Bitcoin / Bitcoin Discussion / Re: Should I invest In Bitcoin? on: October 28, 2017, 06:46:50 AM
Should I Invest In Bitcoin?


as an investor, you would have to hold it long term and count on value appreciation and also use it as a store of value

perhaps also sell it when market is looking over extended at its peak, with plans to buy more at more favorable prices


with above in mind, bitcoin has shown itself to be a good vehicle for investment because of the ff:
[a] it DOES appreciate in value
you CAN reliably use it as a store of value -- its value fluctuates (wildly at time) but has never gone down to zero
[c] aforementioned price volatility is of course bothersome at times but it also allows newcomers to enter the market at the troughs with favorable short-term results

should you invest in bitcoin? if you can handle the challenges i've alluded to in B and C above, then yes you should!

tip: to help you cope with the volatility and 'potential' loss of capital, you should start with small capital and do cost-averaging. as an example, if u want to invest 1K usd, try buying 100usd of bitcoin every wed & fri for 5 weeks. u won't get the best price this way, but then u also won't also get stuck near some peak price
20  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] TIERION [TNT]Token Sale Starts on 27 July on: September 17, 2017, 02:23:24 AM
Could developers clarify distribution of masternode rewards? It concerns me (and plenty of other users) a lot. It seems to me that the whole reward for a period of time goes to only one somehow selected masternode. It is therefore very similar to lottery ..  Sad

Or am I missing something?

I was wondering about this too.

I had set up a node according to the instructions provided and I *believe* I have got it running properly.

I have also sent TNT to the address for buying credits.

However, I would like to verify these 2 things in some way:
1. is my node running properly?
2. do i now have credits to qualify me for the TNT distribution?

If anybody can help me by telling me where and how to check, or whom to chat up to figure this out, I would really appreciate it Smiley
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