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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN|TGE] InChainZ 🤘 Contact-trading & Contact-investing Platform on Blockchain on: November 17, 2018, 05:57:02 AM
 I see the motivation for individuals to upload their existing contact list will be: The opportunity to benefit from the contact usage fees so what is the opportunity?
2  Other / Archival / Re: Is the world really waiting for a global decentralized money? on: October 30, 2018, 08:31:22 AM
Is the world now admit that screaming HODL when it was at 14500 was a mistaken scream  Cry


People don't typically like to admit they're wrong, so you're asking for too much here. They'll just try to rationalize it. But the math can't be rationalized. No matter how you cut it, HODL wasn't the ideal approach. It wasn't even the safest.

You would have made more money with just about any selling at any point when it was over $10K. You didn't even have to sell at ATH. Then bought back at any point under $10K. No need to even time it perfectly or hit the bottom accurately. At a minimum you should have made a little extra cash. But if you were patient, you would have made a killing. No need for any active trading, just two extra transactions. You could then return to your exact same HODL position, but with extra cash in your pocket, and having a little extra guarantee in case things don't pan out.

Holding long term is a great advice originating from the stock market, when you have a DIVERSIFIED portfolio, that can handle a few bumps on the road. That's because historically, things like the the DOW have always been steadily climbing. It doesn't really apply to a single all eggs in one basket investment like just Bitcoin. That's a much more vulnerable tactic. Plus Bitcoin doesn't have a long enough history you can rely on, and hasn't even hit mass adoption yet.

I have some long term Bitcoin stashed away, but I'm still making a little profit along the way because you just can't predict what the future holds. Maybe the world will decide to adopt another cryptocurrency instead, or maybe a major vulnerability will be discovered in Bitcoin in a year. I'd rather protect myself. Things may not always pan out like you'd like them to.


I didn’t even read your whole post because it’s so ridiculous. Hindsight is 20/20. If you were investing for the long term (years) like me then this bear market means nothing, because it’s temporary. Back earlier this year when people were yelling HODL, we were trying to prevent an irrational bear market from taking hold. We lost. However, the market could very well have turned around faster than anyone expected, so hodling could have been a good idea even in the short term. Again if you are not a daytrader, but instead are a long term investor than HODLING has been proven to be the right strategy during bitcoin’s 9 year track record. And I believe this will continue to be true in the years to come.

3  Other / Beginners & Help / Re: will someone convert to bitcoin to merely save a few cents and also do the extra on: October 30, 2018, 07:39:04 AM
Nobody Will convert into btc risking to lose half of its value in one minute.

Secondly: yes, this will happen. Companies will transform their system into blockchain, saving alot of money. I don't know if that's possible for companies like visa and MasterCard though.

It doesn't matter for Bitcoin, btc won't be a currency until it loses volatility. It will probably be only digital gold. So if more and more blockchain adoption takes place in companies, it will schine on btc.

4  Bitcoin / Bitcoin Discussion / Re: does bitcoin look scary / deadly for the future ...? on: October 29, 2018, 09:34:10 AM
In the two times I've seen BTC have a helluva rally, it's always been a BTC climb paired with a massive alts bleed out. Once BTC corrects, the alts surge. Is there anything to suggest this behavior would change should the cycle start turning up again? Will we start with a BTC party before all else?

Difficult to predict as past performance isn’t always an indicator, but I don’t see how alts wouldn’t bleed out. I’m holding BTC until we hit much lower alt ratios as a strategy but time will tell.

5  Bitcoin / Bitcoin Discussion / Re: Is it still worth mining bitcoin in 2018 ? on: October 29, 2018, 07:56:14 AM
Hi guys, could a random mining system work? I mean if the miner of the next block is choosen randomly intead of PoW what are the possibile drawback?

miner of the next block is choosen randomly intead of PoW what are the possibile drawback?
There is no way to allocate 'tickets' into the system without someone trying to create millions so that they can win. There is no easy way to identify 1 person 1 ticket to make the system fair. People will just create software to make it look like millions of people are entering for their chance at the random win but actually it will all be the same person.
This is why mining works, because you can't fake work.

6  Economy / Speculation / Re: People are Calm!! on: October 29, 2018, 07:38:23 AM
This is an article on bitcoin price movement in mid Sep 2015. This is right at the point from where the recovery began but you will notice that the tone of the article is very similar to the situation prevalent now. Just replace the 200 to 300 range that this article talks about with 6k to 8k of the present scenario.

www.deepdotweb.com/2015/09/16/bitcoin-price-analysis-16-sept-2015/amp/

In particular, this note in the article matches current concerns quite well: "Overall, the market is split between the beginning of another bull cycle, or the threat of lower prices sub 200. $200 – $300 range has been difficult to get out of, as price keeps coming back to retest support at $ 200."
There's been a repeating cycle of ATHs followed by a lengthy bear market, each high and each bottom higher than the last. The hilarious part is that the trolls and naysayers think they're clever with their 'bitcoin is dead' yada yada BS comments. Meanwhile they just sounds like parrots who don't even have enough sense to see what's going on.

Any of us that have been around a while or who take a minute to look back at how this has played out always get the last laugh at these ignorant jokers. Just nod and smile lol.

7  Bitcoin / Bitcoin Discussion / Re: Bitcoin has 54% of the cryptocurrency market on: October 29, 2018, 06:55:49 AM
Is there going to be Nov 5 SEC ETF approval?

8  Economy / Trading Discussion / Re: Is trading stressful for you? on: October 25, 2018, 09:09:42 AM
I like the bloodbath at stocks these days and glad we have BTC.

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