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Becareful with speaking out your idea! People will steal it!!  |
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its not a good idea to aim for 1% daily profit for investment. Its not possible to do that. You can only average out the profit by a set period of time.
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Do investor get discount from ICO? At what rate would we be getting?
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The online gambling industry is very huge, allowing to bet with any cryptocurrency is a very outstanding idea.
Good luck!
The Bitcoin and crypto gambling industry is huge. But how many tokens will be released in the sale? Any airdrop programs? Hopefully we can get a good deal on them. |
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If everyone on earth put 1 dollar in bitcoin. It will grow another 10%
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i always believe buy then buy double the amount if it drops 5%
And when they stop dropping. Profit. Thats how I trade.
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invest in a good ico is very difficult, because 80% of them even the top 100 coin are scams. They have no real product and their roadmap is extremely outdated.
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Beware of Poloniex,
They use bots to pump and dump coins and ponzi schemes, at the moment the exchange is pumping DASH which is a ponzi scheme, they create these big pumps, attract investors who short them, them keep them stuck for weeks. If you dont know Poloniex is designed to suck in investors, use bots to create fake volume.
Why would they risk that? They're already the biggest single exchange for BTC and alts. I figure their volume is real. |
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I would recommend you put a small portion of your btc holdings into new altcoins that have potential. it is common for new altcoins to multiply their initial value very quickly. Just look at ripple. it went up 100x in just a month.
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its because that cryptocurrency is like its own industry. The success of one coin improves the chance of success of another coin which is why the prices tend to run parallel to each other.
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I think, as long as there are new coins being created. cryptomania will last forever, changing from one coin fever to another coin fever. And since there is always new coins everyday and some of them is here to stay for a very long time, the cryptomania will keep on going and going endlessly.
Yes,cryptomania may last for a long time as new coins are being introduced continuosly.But too much scam coins coming nowadays would definitely affect the reputation of crypto market.However,Bitcoin would continue to rule the crypto market as it could not be easily manipulated.As far as bitcoin is considered,though we were not early birds,but still we should make use of the situation and buy more bitcoins to get huge returns in future. I think cryptomania will be here to stay in the future. Crytocurrencies represent a revolution in the financial system. Its too innovative and has too much potential to die out, not to mention there are several large institutions around the world that are adopting bitcoin or some other altcoin. |
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Imagine this:
in a market there are 10 sellers and 5 buyers.
the 10 sellers have to compete with each other to sell their btc.
because each btc is the same and the buyers dont care about who they get their btc from, the sellers have to lower their price to be competitive and attract buyers.
Buyers buy from the seller offering the lowest price because we assume that they are rational.
the price of the last transaction is what the market prices is. more sellers=more competition=lower prices.
now lets say that prices have dropped significantly.
5 of the 10 sellers think that the price is lower than what they think BTC is worth and want to buy BTC.
there are now 10 buyers and 5 sellers.
the buyers are now competing with each other to offer the most attractive price to the sellers, which is a higher price.
this now drives the prices up.
of course its a little more complicated than that but its the basics of how it goes. hope this helps.
Nice explanation! You didnt' consider the fact that buyers and sellers are trying to enact transactions of different sizes, but other than that, this is pretty much how it works. |
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contrary to what everyone else is saying, I think you should stop trading. if you are losing that much of your account, it shows that your trading skill is not sufficient enough to make money in this market. Dont quit trading though. Just dont trade with real btc. use a practice account and develop your skills before you come back, otherwise you will just keep losing money.
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I think the drop is just a bunch of people taking profit. they are going to lose out on the next big pump in altcoin. There are altcoins that are going up still beacuse the market is beginning to realize that they are missing out on massive opportunities from selling them
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I've lost 2btc so far from trading. my account was originally 4 btc. I can only blame my lack of skill in trading for my losses. In terms of USD value though, I am actually up because the price of BTC went up as I was losing money. kind of funny how it works sometimes. Trading is not easy.
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$500 isnt much and most people can definitely afford to lose it without it affecting their health too much. I would put it all in altcoins that are new to the market and holding them until they explode.
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In a way it is gambling because you are still playing a game of statistics. the difference between gambling and trading is that you determine the statistics of you winning or losing by your trading setup, so that you can stack the odds in your favor. you're more likely to make money trading than in a casino where the house has a statistical edge against you.
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The best way for steady Bitcoin income is to invest in the legit faucet site. You can assure your daily, weekly and monthly income. Also work hard and be productive to make sure that you earn income.
That's better than killing your time to earn from faucets, that way you let others work for you. By the way how much is the potential earning in that kind of business, never have any idea as i was not interested with faucet related thing before That's dust, just dust The earnings from faucets are really minuscule and worth neither time nor effort. They in fact might have made some sense for, say, unemployed people or children in some really poverty-stricken areas like most of Africa, and which somehow have free Internet access. But right now, with surging Bitcoin prices and runaway transaction fees, you wouldn't be able to withdraw whatever you might earn there. Some faucets (like freebitco.in) allowed bulk withdrawals once per week (i.e. you didn't pay the transaction fees), but I'm not sure if it is still the case, and it is certainly not the case with every faucet out there People are lazy nowadays. if you want to make money steadily, its best to just get a job and invest your income. Eventually your investment capital will grow to the point where you dont need to work and you can live off of your investment income. |
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i use an online wallet: ethereum-wallet.net. I heard that online wallets are risky but so far I havent had any problems. Of course if you have a lot of crytptocurrency, you should probably use an offline wallet to be absolutely safe.
Maybe today or up to a month or a year then your funds will be safe in online wallet, but put your funds in online wallet is not safe for long term, you should immediately use the offline wallet, it is important and strongly recommended especially if the funds Which you have in large quantities. I have 1.4 eth in that wallet that I made from some signature campaigns. I might move it to an exchange so I can change it into bitcoins in the future. If i had any significant amount, I would not be touching any online wallets. |
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i use an online wallet: ethereum-wallet.net. I heard that online wallets are risky but so far I havent had any problems. Of course if you have a lot of crytptocurrency, you should probably use an offline wallet to be absolutely safe.
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