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Regarding the poll. Are you saying 1 Bitcoin worth more or 1 ounce of Gold worth more against USD? |
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Apparently in China it's already over. Their stock market is back to normal levels and they are doing just fine haha. In the U.S. and most European countries I suspect another 3-6 months. And a few more waves of it to spread throughout. Over a year before normal because unemployment claims this last week for the U.S. was 3 million. Four times higher than the peak for that country in the 2008/2009 recession.
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This comment aged nicely given the current circumstances.
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The United States will be in a recession. The question is, will this be a 1987 type of recession or a 2008/2009 type of recession.
North Dakota and Texas won't have oil jobs anymore with how low the price is now.
Unemployment insurance filings have got up 200-1000% within the last week for some states from the lock down.
Their is a 2 trillion dollar stimulus package but I'm not entirely sure how that will help for the most part. Involves giving everyone around 1,200 USD and 500 USD a child.
This definitely didn't help bitcoin or gold in the short term but mid-term as in 6 months to 12 months should.
China appears to actually be ahead in the stock market for the month of March compared to all the other nations.
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Despite what you believe politically, President Trump made a statement "showing hope" to have the USA "open by easter". https://www.cnn.com/2020/03/24/politics/trump-easter-economy-coronavirus/index.htmlDo you think this is possible? What do you think the impact of this will be if this is forced ahead (companies allowed to re-open up, etc). Do you think it'll make the health and/or economic problem better or worse? I think only if were able to detect people who have had the virus and are now immune can we be certain of opening back up the country to where it was before. I think the governor of New York mentioned this in a statement about how quite a few people will get the virus but never go to the hospital or have anything bigger than a fever. These people can return to work. |
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Are we heading towards recession like 2008 wherein people have cut down their spendings and companies are laying off their employees, we can see cost-cutting everywhere, is it really a recession or just the panic about an uncertain future which is creating a gloomy atmosphere everywhere?
Definitely for people in the United States it will be a recession. North Dakota and Texas won't have oil jobs anymore with how low the price is now. Unemployment insurance filings have got up 200-1000% within the last week for some states from the lock down. Their is a 2 trillion dollar stimulus package but I'm not entirely sure how that will help for the most part. Involves giving everyone around 1,200 USD and 500 USD a child. |
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Are there really people going to store their coins to these kind of sites that offers Annual Percentage Yield?
I'm not sure because even when Bitcoin is in my personal wallet the price could go up anyway. I can only see people would rather trade BTC themselves than storing to such sites though.
I'd be interested however if they and Freebitcoi.in will also offer APY in bear market.
Freebitcoi.in offered 4.08% in late march of 2017. Nexo offered their high interest savings APY% sometime in 2017. Doesn't show an exact date. Defi looks like within the last year or so. Early 2019 is when they started offering their services. Cred Earn appears to have been created within the last six months. I'm not sure if a pro-longed bear market would affect these sites. It seems most offer some variant of fiat currency to invest in also. So maybe when fluctuations happen in crypto they hedge it instantly with their local currency. |
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Defi allows you to get up to around 5% a year on your bitcoin in interest. KYC required
Freebitcoi.in guarentees you 4.08% interest a year on your bitcoin. Their site has 5% house edge and they have an actual mining facility to be able to guarentee this 4.08%.
Cred Earn aparently allows you to earn 10% APY on mulitple cryptocurriences including bitcoin, litecoin, ethereum. Not quite sure how they say they can reach this high. Charlie Lee even tweeted about it for litecoin.
Are their any other ones that guarantee a APY%?
There are many. Nexo is another lending platform you can earn with  I'm assuming this requires KYC. It looks like on Nexo you can hook directly up to a bank account. |
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Defi allows you to get up to around 5% a year on your bitcoin in interest. KYC required
Freebitcoi.in guarentees you 4.08% interest a year on your bitcoin. Their site has 5% house edge and they have an actual mining facility to be able to guarentee this 4.08%.
Cred Earn aparently allows you to earn 10% APY on mulitple cryptocurriences including bitcoin, litecoin, ethereum. Not quite sure how they say they can reach this high. Charlie Lee even tweeted about it for litecoin.
Are their any other ones that guarantee a APY%?
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For the most part no. Bitcoin was sort of created to require no KYC to use it, kinda like cash. The one benifit though would be you're less likely to be involved in a scam project if they require KYC.
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It definitely could be a possibility but Goldman Sachs also suspects the FED to decrease Federal Funds rate by 100 basis points as of Friday. Their is a lot of noise to tie the current market situations unfolding.
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Big difference is bitcoin is only about 55% from All time highs where as most alt coins are still 80% away from all time highs. Then again, the alt coins require less liquidity to pump them up.
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Storing your bitcoins safely is tentatively relative to how smart the user is at storing it. For a lot of people coinbase would probably be your best bet because I know people that lose they're password and don't have a backup key or they download an update to their wallet but it was a scam to get your coins from your computer. It's a brutal catch 22. Coinbase could freeze you out of your funds at any moment but are you smart enough to not click on the url, or check what your downloading or where your throwing your private key at.
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I think it comes down to volatility. People assume it's a bet with bitcoin because it drops 10-20% in a single day every couple weeks/months where as in all other markets that exist, you never get a drawback greater than 10% and that usually only occurs once a year or two. Bitcoin can log 40-50% pullbacks and still be in a macro bull run. Where as in other markets a 20% pullback is a recession/depression ensuing.
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As of current date: 501 Litecoins have been donated to the Confidential Transactions fund to pay for Dev David Burkett. The goal is 72,000 USD granted the completion of the project. A bit over 0.04 Bitcoin have been donated to the fund also. If litecoin is able to get Confidential Transactions as an opt-in, this would definitely help bitcoin achieve better privacy going forward into 2021 and onward. To donate to the fund: https://litecointalk.io/t/litecoin-confidential-transactions-dedicated-fund/26690 |
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1. https://messari.io/screener Very clean look and easy to read. 2. https://onchainfx.com/ Limited ads on site regardless of adblocker. Clean look and easy to read. 3. https://coincap.io/ Instant updates of cryptocurrency prices live. Clean look and easy to read. 4. https://www.cryptocompare.com/ also has instant updates of cryptocurrency prices live. Slightly more ads but nice look and easy to read. 5. https://bitinfocharts.com/index_v.html For best information regarding bitcoin and comparisons with other cryptos. This site shows transactions/day, reddit subs, volume, value of addresses and allows you to compare hash rates with other cryptos. Harder to understand site and not appealing to the eyes. If you have any others that are better. Show information differently, feel free to post below. |
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Hello guys, I'm here because am so lost and confused about this whole thing of trading bitcoin or any other market as forex, stocks ...... first, when i started trading bitcoin it because i heard and saw many people talking about it and that you can make a lot of money. I mean yeah at first i made some profits by buying small amounts of bitcoin in Yobit then selling it again when the price goes up, but when day when the bitcoin went down i lost a lot of money.
I didn't quit trading but i moved to forex market. And as all they say technical analysis is the key to win in this market and there's many youtubers showing their money by trading forex anyway I'm not sure of it. The problem lately i watched some people saying that technical analysis is bullshit and I'm really confused
What i want to know is how can i become a successful trader and make money for the rest of my life. Should i learn technical analysis or harmonic patterns......
And which is the best market to trade for a beginner.
I highly suggest not to trade and if you do, never use leverage. Bitcoin has these 500-1000USD wicks every other day or week and if your using even 3x leverage up or down. You will get liquidated or your stop loss will get hit. Exchanges that offer leverage or a place to trade make a killing off the funding rate and these wicks that occur. Now if your exchanging for alt coins that is a different story. One thing to note is bitcoin has never gone to 0 and has only gone up. So long term buying has been a good bet to make. |
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Looking at Litecoin, it definitely had highs and lows against bitcoin this year. Started at 0.006 bitcoin per litecoin, peaked at 0.018 and is now at slightly under 0.006 bitcoin per litecoin. It would look like litecoin is setting itself up for another run sometime mid summer next year against bitcoin that is. The key is to have patience though. It took 6 months for litecoin to go from 0.006 bitcoin to 0.018 bitcoin per litecoin.
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Yes, any person looking to invest sees this as a new asset class. Highly unlikely to see the % returns in bitcoin that we saw during the previous three massive bull runs but given enough patience, we should see a new all time high eventually. 5-10 years should be your time horizon. Treat a bitcoin investment like you would a 401k or a dividend growth stock.
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How many/which crypto exchanges are currently using Liquid sidechain for bitcoin? Where can this info be found?
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