Do you currently live off of your investments on Bitcoin or others coins?


I read this story somewhere, and I really find it hard to believe.

Yes. I am a successful cryptocurrency investor who is 21 years old and retired. Last year with intense research, I found - in my opinion- the cream of the crop: --- Name Removed ---  coin. I invested my life savings of $20,000 into the coin purchasing 166,666 --- Name Removed --- coins (was priced at .12$ in March 2017.) Well, now --- Name Removed --- coin is worth 150$ making my networth at a staggering 25 million USD. I sold 50,000--- Name Removed --- when --- Name Removed --- hit 190 at its ATH 3 weeks ago. I’ve predicted that --- Name Removed --- will cap at about 250$ sometime in September- October and am planning to sell then.


I have not met anyone in real life with this kind of superb story, and I am still a bit hesitant when I hear these kind of stories.

What are your thoughts on this?

Maybe by the Year 2050; right now - it is a warring situation.

This Project has been taken down.

I totally agree with you, and those are the views my post was trying to promote.

Will Bitcoin be dead in the coming days?

"Be fearful when others are greedy and greedy when others are fearful" - Warren Buffett

Bitcoin might go down in the short run because of China, but in the long term Bitcoin and other cryptocurrencies will stabilize and go up again.

The question you need to ask yourself is: Do you believe that Bitcoin has the potential to create an economic revolution, by taking the power from the governments/banks and putting it back in the hands of the people?

In my opinion this is bigger than one nation and China is just panicking a little bit. They will understand eventually that it’s better to be a part of the game of the new economy than outside of it. This is why they are not banning the mining. Soon they will let the exchanges reopen.

This is my view, but you need to remember that it’s not going to be an easy ride.

To answer this question, No, Bitcoin will not be dead in the coming days and will likely not be dead for a long time to come. That being said, if the entire internet was to be taken down globally, then potentially it could kill Bitcoin. However, as long as even one copy of the Bitcoin core ledger was to survive such a calamity, Bitcoin would reboot along with the internet if or when it was restarted.

That actually is why Bitcoin remains out of the reach of the governments and banks that would love to regulate or shut it down. Bitcoin itself has no server, entity or company that could be targeted and killed. It is actually not stored in one place and is stored on any computer running the Bitcoin core client. That network is so globally decentralized that, to kill Bitcoin, the entire network would need to be shutdown. Because that would involve shutting down the internet, and finding and deleting every copy of the Bitcoin code, it would be impossible to kill Bitcoin.

The only way, aside from a total breakdown in society, and shutting down the entire internet, would be a 51% attack of the Bitcoin network. For that to happen, someone would need to take control of more than half of all the computing power of the network and that would also be nearly impossible. Bitcoin’s overall network is as powerful as 500 supercomputers. Bitcoin has become too decentralized and far reaching for it to be stopped, banned, or killed, in its present state.

I will assume, for Bitcoin  to be worthless that people stop using it to happen, either a better, alternative technology that is not yet invented would need to be thought up and then created, or people would have to stop mining and trading Bitcoin due to a better solution. Considering the Bitcoin community is growing, the second option is unlikely, unless, a new technology that is better (Bitcoin 2.0) renders it useless by the people who currently use it. As for someone thinking up a way to attack Bitcoin or hack Bitcoin, making it useless, that would likely involve some type of giant leap in quantum computing that is at least 20 years from current technological levels.

In short, Bitcoin is not dying, is actually becoming more difficult to kill as more people join the network, and will likely be around for the foreseeable future. The pundits and financial elite will spread propaganda in regards to it dying. This is because they have the most to lose if it were to be adopted by every member of the human family.

Bitcoin and other cryptocurrencies are revolutionary technologies that will spread to more sectors than most people realise. Contrary to mainstream rhetoric, the entire Bitcoin and cryptocurrency sector is still in its infancy and simply going through some growing pains. Investing in the sector will likely be the best choice anyone makes for their long term financial future, provided they do it responsibly and from an informed position.

For those that don’t understand the technology or have a financial background, I can offer service for everyday people to copycat the investment strategies of professional cryptocurrency traders. This means that even with limited knowledge, a person interested in investing in this emerging tech can do so relatively responsibly.

If you agree with my above answer, I’d suggest telling your loved ones to take the “safe” (safer, an investment in crypto is still a risk) route through a strategy that is being used by a professional trader or traders.

Two case scenario for BTCBTC

Prices of all crypto assets are moving through cycles. Prices for altcoins and popularity of ICOs depend mostly on Bitcoin - when it makes sharp moves either direction, alts usually bleed. So, what would be Bitcoin's next move, and how it will affect the crypto market?

Bitcoin has been very volatile during last weeks. Margin trading (on Bitfinex, Bitmex, and OkEX) and FOMO / fear are causing intra-day jumps over 1000 dollars. If the market is oversold and a lot of margin shorts are opened, a quick move up would cause stop loss run (so-called short squeeze) among the shorter pushing the price higher. Then FOMO kicks in, and retail investors start to buy, pushing it even higher. Then, a lot of margin longs are opened. Same as with shorts, sharp move down would cause long position sell-off pushing price lower, causing fear among investors followed by high-volume capitulation and market reversal.

Short squeeze was the reason for recent rally from 8500 to 10k, so we wouldn't call it bearish trend reversal just yet, but it could have triggered it. Obviously, there are two scenarios for BTC right now - bullish and bearish. Let's take a look at both:

Weekly candle closed around weakly support at 9k, meaning the price is still consolidating in a range. Daily closure above 10k would mean that trend has reversed and is ready to test channel high around 11k. If that level broke on the weakly next candle, the bear trend is reversed and Bitcoin is ready to test 15-17k levels.

Rejection of 9k / 10klevels on the day would mean that last move up is not supported by real investors and was caused only by a short squeeze. The number of open short contracts has decreased from 23 to 16k BTC in one day, meaning that 7k BTC was bought at the market, pushing price up.


What do I think?
 
I’m 60% bearish and 40% bullish at the moment. The market moves could be highly manipulated because of low trading volumes, so big players can easily move price another 1000 dollars a day either direction.

What does this mean for altcoins?

In both scenarios, we anticipate they will continue declining in BTC value. If BTC makes the bull run, it's a good thing for the crypto market overall. The money would flow from altcoins to Bitcoin, causing further alt dump. But money would stay inside the crypto market, meaning that when BTC bull run is paused, altcoins will pump hard again. For this scenario, BTC must reach 15-17k in the upcoming month. If BTC fails to move through 11k and falls below 7.8-8k, alts would decline in BTC price also. However, in this case, money probably would start licking from the crypto market. Confirmation of this would be increasing daily trade volumes on fiat exchanges like GDAX and Kraken with declining price and weak bounces after the breach of critical support lines. This is a highly negative scenario for crypto, meaning that price bubble has popped and we would have something like we had in 2014-2015 when after dig price dump crypto markets lost their liquidity, volumes were supported only by traders-enthusiasts, and regular people avoided crypto.

What Ranks exists in Bitcointalk?

These are some of the overviews I get

Brand New: 0 posts
Newbie: (none)
Jr. Member: activity: 30
Member: Activity: 60
Full Member: Activity: 120
Sr. Member: Activity: 240
Hero Member: Activity: 480

Activity? How can i get it?

The activity number is determined in this way:
time = number of two-week periods in which you've posted since your registration
activity = min(time * 14, posts).

Activity is updated every 60 minutes.

How much is the max activity can i get?

14 is the most activity points you can get for each 2 week period.



Do anyone have other relative opinion?

Thanks.