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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ on: September 05, 2021, 08:28:56 AM
So, I am kind of curious. It looks like not much is being done by the devs on this coin. Most especially with pretty low volume from the States. I am just concerned the only exchange that seems a bit alive on volume for Pot right now, does not end up getting it delisted.
2  Economy / Speculation / Re: Most dangerous Bitcoin monthly closing candle on: January 31, 2021, 06:16:24 AM
I honestly do not think the bull season has ended yet, I feel we are just starting. A lot has changed since 2018 when the long downtrend started with so many real life use cases, more acceptance even by Financial institutions blah blah. All these things will speak volume! We may have a retrace within the year, but I feel we still have a long way to go to the moon. I wouldn't be surprised if bitcoin market cap hit trillions this year. For all I care anyway, Bitcoin remains in a long term uptrend. One thing for sure is that bull markets don't just last for a month on Bitcoin in the short term.
3  Economy / Speculation / Re: you know what they say about panic sells? "fomoulation" on: January 31, 2021, 06:06:25 AM
I wouldn't be surprised if the FOMO this time around will drive us to 100k. Hehe! It is actually funny how in reality, you tell people to buy the dips, and they say the market is crashing and then, due to FOMO, they buy the tops anyway. People think we already had the FOMO, but I feel we are yet to see that yet. This is just Bitcoin creating a higher high in an uptrend both in the short and long term. I remember how we thought 10k will be the peak in 2017... Fingers crossed. In the long run, some of us feed on the panic.
4  Economy / Speculation / Re: How low will BTC go before the next leg up to 45-50k?? on: January 13, 2021, 06:17:21 AM
It was like yesterday, when the long correction from 19800 happened, and then everyone was busy looking for where to buy. I bet some even claimed Bitcoin would get to $1k and they would rush in. It just amazes me today how someone is looking out for a support at $20k.

My point: no one knows nothing. If you can look out for price action; and higher highs and lows from key supports (previous resistance), you can buy, but that doesn't still guarantee, as this is a volatile environment.

However, if everything I just said, sounded like pure jargon to you, then just buy and look at long term prospect, instead of short term gains. That saves you from buying what you can't afford to lose (you can only lose anyway, if you sell at loss, since you are in a spot market). If market goes lower to the region where you expect you really want to get in, feel free to buy more (you can split the funds). At the end, you have nothing to lose in the long term.

The fact is, no one can tell you what happens tomorrow or if bitcoin would pull back to $20000. I for one would love to see that happen, to see the price reaction in that region, probably to serve as very key and tested support in the long run. Wish you all the best in your decision making.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Bakkt is a new hope? on: January 11, 2019, 10:03:30 AM
For a whole year, the crypto community has lived only in hope. New Year, ETF, Bakkt, Futures, what next? Always the same thing happens. I do not think that the launch of Bakkt will make a big difference.
Well, as things are now, we can only think and assume possibilities until the main scenario tend to happen and we get to see the market reaction towards it. Sure, there is no doubt that the market has been living on hope, but to think of it, if there is no harm in people trying to look for hope even when it seems there is none. We just have to wait to see how this will be turning out when Bakkt launch and that is when we will get to see if there would be any reaction based on that positively, negatively or no reaction at all.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: What to do if you are deceived? on: January 10, 2019, 03:28:39 PM
cheated? a sure thing if you have been exposed to fraud then you have to further improve the situation in the future. to prevent this from happening again.
But do not forget that fraudsters are also improving in order to deceive you. I agree with the author of the post that first of all it is better to learn the team and the despicability of the people who are behind the project.
Just be very diligent with your findings, that is all. The thing like you said is that fraudsters keep looking for new ways to keep upgrading with their deception, so in a way, the best thing is to make sure you are always a step ahead in most cases, and how can you do that? Just make sure you are basically not just looking at the surface, but checking out all the necessary things you need to know and as an investor, never be lazy to keep asking questions until you are fully convinced.
7  Economy / Trading Discussion / Re: could it be the next scenario? on: January 10, 2019, 11:02:24 AM
If you will add historical charts of Bitcoin price, everything would look even better. This is a technical analysis that works well in much more stable markets. Bitcoin is still niche for financial markets and unfortunately this may be a mistaken assumption. However, there is a probability of such a scenario.
In case you have not noticed, from the general traditional market that has been traded for years even to this one, everything is all a game of probability for retail traders, it is just how you are able to strategize, anticipate, manage risks and make the better judgement in your trade that would matter at the end of the day. One thing I always do though is never to think of what could be a possibility for how far a market would go or how low, I just basically allow trend and time to do the talking. I feel over time, that has suited me a whole lot better.
8  Economy / Speculation / Re: A little hope and questions for 2019. on: January 10, 2019, 09:07:37 AM
now the price of bitcoin has slowly begun to rise and I hope this condition continues at least until the price of bitcoin reaches $ 5k. I see this year Bitcoin has enough momentum to do bull in 2020.
There is certainly no assurance in the present condition of the year at this point in time. We might end up having some relief rally probably towards $6k, but that will only be known with time but as it is, I would not expect so much this year anyway as we might possibly dwindle in between $3000 and $6000 throughout the year before we end up seeing any likelihood of a new uptrend. Just on the sidelines looking at how the market would be fairing for now, while taking some little advantage of the short term opportunities.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Committing Suicide? on: January 09, 2019, 07:48:52 PM
Are ICO's committing suicide by accepting some VC's that are going to dump after listing?

What about ridiculous caps?

Here's why we at www.elrond.com are NOT doing a BIG ICO : https://medium.com/elrondnetwork/were-not-doing-a-big-ico-6fdc9ce62a44


A big cap means if they are taking the more demand from the market and this is not a preferable idea for me personally. To create a fomo and I'm thinking about ico should not be greedy and then put the low cap to give them more room to grow for the token. Im a bit agree with it but i don't like how it was promoting its platform.
Just like in an article I once read, it is always very hard to grow from high up and that is how I see high cap ICOs. When you have a low valuation, it makes it a lot more interesting for the investors, and this is the kind of market that would grow pretty great as far as I am concerned as they have more space to grow. So in simple terms, the higher you already higher, the more difficult it becomes to grow coupled with the fact that most ICOs today are basically centered on greed just as you said anyway and some investors keep falling for it.
10  Economy / Trading Discussion / Re: It is not your fault that you are loosing in trading! on: January 09, 2019, 04:00:04 PM
Everyone should really know that there is always a risk in every step we make, so if you are losing today, try to stop it now and call it a day but never quit and come back again tomorrow. It is not always a bad day and it does happen once sometimes so don't take everything seriously because the odds might kill your funds for trading if you keep pushing your luck.
That is usually the thing. If you do not account for the fact that there is a risk in trading, how will you be able to manage the risk in the first place. Ask a lot of people today, they think every one that trades does not lose no matter how small, but how small you lose in a trade is dependent on your plan which includes how you were able to manage risks despite your predictions or speculations based on your strategy.

One major reason a lot of people will keep losing in trading till date, because they do not have that idea that trading is an educated gambling, and you need to have a plan and strategy to be able to make the best of it, otherwise you get screwed before you even realize it.
11  Economy / Speculation / Re: How/Why to Buy Bitcoin in 2019 on: January 09, 2019, 02:01:08 PM
if you are a long term holder does it really matter when the price of bitcoin begins to grow? You're going to be holding anyway and whatever growth bitcoin experiments is the same growth that you will get, so in my opinion it is better to concentrate ourselves on how to keep holding our coins than to predict accurately when the recovery will happen.

People here have turned being a hodler into a meme sort of thing. Everyone can hodl through an increase when prices keep going up, everyone is an expert when prices keep going up, but once the market is done pumping, it's over for the far majority of the people.

People don't know what it is to buy something based on fundamentals. The only reason they buy crypto is because it's either going up, or they believe it will do so, but have not one single clue about what that increase might be based on. We are dealing with gamblers here, and it will only get worse as more of these find their way to the crypto market.

The very fact that some shitcoins are worth billions in market cap is an indication of how stupid the general "investor" or "hodler" here is.
Which is one of the major reasons the whales and some of the institutions will keep having a pretty good time with playing with the minds of the gamblers in this market.

A lot of people do not know why they are buying, except for the fact that they believe the market will end up increasing in the long run. Sure, it is not a bad idea of a thought to have, but at the same time, that is one reason that has set up so many people into making the wrong decisions with their investments over the years. The market is opened to a lot of people anyway which includes the inexperienced investors, so it is a normal thing to get to see things like this.
12  Economy / Speculation / Re: Is it a good idea to buy some bitcoin now? on: January 08, 2019, 03:49:11 PM
seeing current bitcoin price movements is the biggest opportunity to buy more bitcoin because many people expect bitcoin prices to increase in the coming months, so use the best opportunities when market prices are declining
I will definitely agree with that, price has already bottom so price from now will most likely go up only.
The decision is from us, if we are afraid to invest then we will miss this opportunity but if we believe, we can surely expect good things in the long run.
I'm only suggesting for someone who intends to invest in bitcoin but he still has afraid in him then I don't think that's a good idea. Investment in bitcoin is different from investing in land, real estate or other investment places such as bitcoin cause you cannot sell quickly when you have just bought. Bitcoin prices can decline dramatically when someone has just bought, you can distinguish from other investment places.
Certainly! Before investing in anything at all, you basically need to understand the risk involved, the reason why you are investing and what you believe in when it comes to what you are investing in. If you do not come to terms with all of these things, there is every possibility you will find it very hard to make it as a successful investor in this market.

I am of the opinion that the market has hit a rock bottom, and we might stick around this zone for a while or probably if I am wrong, we may have the final stage of capitulation and that time, I really would not be slowing down to buy, I will be rushing to buy, knowing the great potential that is present in this market.
13  Economy / Economics / Re: What will happen to Bitcoin if there is a global economic crash? on: January 08, 2019, 01:10:19 PM
  Bitcoin is different currency if ever we have an economic crashed or economic crisis, bitcoin will not be affected. The currency affected is Fiat money.
  Crypto currency can help through subsidized the affected party through use bitcoin as a currency reserved to can pay all the debt of those financial institution affected
We cannot start pointing out any correlation at the moment, since thus far there has been no past scenario to look at to be able to know how things would end up working out. A lot of people may have their different thoughts based on different reasons, but for me, what brought about the deflationary nature of bitcoin and what urged the creation of bitcoin and its features was basically linked to the previous crisis. One thing for sure, most people who are investors and smart, would not want to be in fiat, and in such periods, assets tend to increase, hopefully, we will get bitcoin serve its purpose as a digital asset.
14  Economy / Trading Discussion / Re: It is not your fault that you are loosing in trading! on: January 07, 2019, 12:07:01 PM
Mistake most people tend to make is to think losing is not part of a trade, of course it is, and it is how you manage the risks of losing to the reward you get per trade that matters. Now, it is not your fault if you lose, if you anticipated something and it does not work out as planned which made your stop loss to hit.

However, it is most definitely anyone's fault if they never had a stop loss in their plan and they are now in a big loss. These are totally two different case scenarios as far as I am concerned. Anyone that wants to trade, and does not stick it  in their head, that they have to account for losses too, are not ready to trade at all.
15  Economy / Trading Discussion / Re: Did you lose your confidence as an investor? on: January 04, 2019, 09:22:28 AM
It`s not pleasant when your fortune is melting in front of your eyes, that feeling is stronger in the beginning, later your mind harden. I didn`t lose my confidence in crypto, we are much higher now than when I came here for the first time, how can I lose confidence. Last year was a proof what bitcoin is capable off, and after that crazy ride we are still very high. Crypto is growing, crypto is learning, there are many good and bad things in crypto, but that is all part of growing up.
Of course, it is not something appealing, but at the same time, when you understand the reason why you got in the first place, except if you have none or got in for the wrong reasons, you will know why you should be confident and hopeful for the future. Just as you said, we are in the growing and learning phase, so one way or the other, we will keep getting better at the decisions we make over time and our approach to the market as well.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Blockchain beat VISA someday? on: January 04, 2019, 08:24:23 AM
It should actually be more like, will Visa adopt blockchain technology in the long run. I believe it will and one thing we have to understand is that being on the blockchain does not necessarily mean you have to be decentralized by all means, and I believe as time goes on there will be a lot of improvement with scalability, so one way or the other, I feel there is a whole lot that will happen when it comes to integration of most of the payment company with blockchain over time.
17  Economy / Speculation / Re: Bitcoin, 2019 and next halving on: January 03, 2019, 09:17:36 AM
The halving effect will start from May 2019 when people start to accumulate. The price starts to rise and miners will also return increasing the difficulty as a result. Dec 2019 will certainly be a good time for bitcoin hodlers (better than it was in 2018)
Maybe, maybe not, but certainly it looks like 3000 seems to be a great psychological support a lot has been waiting for and it falls on the long term support anyway. However, it is a market, and we cannot guarantee anything yet although, knowing what the pre and post-halving usually tend to bring, I guess there is still great hope long term. Looking at the situation of things, this year would really be a very boring one, but at least, not a bad time to be accumulating for those who are smart.
18  Economy / Economics / Re: thinking of selling or investing more. on: January 03, 2019, 08:51:56 AM
The funniest thing with this market or any market right now, most especially when you are gradually approaching the bottom is the likelihood of long term sideways movement before the continuation of a certain trend or the reversal of a trend. For this market right now, there is nothing guaranteed, but for the long term, there is hope most definitely. At this stage in the market, I would not expect anyone to be selling but to be looking forward to buying more and as much as they can. You don't sell when there is promo right? That is kind of my take on this.
19  Economy / Trading Discussion / Re: Trading Tricks For Newbies on: January 03, 2019, 08:19:32 AM
This does not look like a great plan to me. Firstly, there is no trick when it comes to trading, the most important thing is to have a good strategy and a plan. As it is, I can only point out 3 things from what the OP have said; buy low, sell high and if you are in loss, be patient (that is a sucked plan!).
 
If you want to trade, trade! And if you want to invest, invest! When it comes to trading, your plan should include what you look at when you are buying, selling or where you should be stopping loss, if a particular trend wants to continue in contrast to what you anticipated. Being a reactionary trader is more like setting yourself on fire and more chances of losing.
20  Economy / Speculation / Re: It's incredibly hard to sell when you are in a profit position, because of greed on: January 02, 2019, 11:30:14 AM
Well, that is a whole lot true and until people actually learn from the mistakes that comes with greed before they will be able to know how to handle themselves, and that is if they actually let go of that greed. I believe excitement, greed and ignorance tend to work a whole lot together. Sure, the media are always there to create the hype and excitements which brings about FOMO and then a lot of promises assumed in people's head, and the only way to be able to handle yourself without having to miss out on any possibilities on the way up and on the way down by monitoring possibilities of trend change is by seeking knowledge which helps eliminate the ignorance and greed from the picture.
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