861
|
Bitcoin / Bitcoin Discussion / Re: Today was the lowest it can go, Bitcoin price expected to Rise
|
on: March 02, 2018, 04:29:49 PM
|
Good news guys, I have insiders tells me today was the lowest it could ever go so expect bitcoin price to soar to the sky high from now on. Its expected to go up to $28000 in the next 2 months.
There are a lot of things for Bitcoin to go through before it can go to that kind of price, but we will try and see for ourselves then.
|
|
|
863
|
Economy / Speculation / Re: see 11K soon ?
|
on: March 02, 2018, 06:34:55 AM
|
Everybody thinks we are going to see 11K soon. The real question is, what happens after that number? Will it drop like a stone right after 11K or will it continue to go up? What do you think? Any opinions?
It is already in 11k, but many people says that it is still on a downtrend? But there is a pattern of Head on Shoulders that's to be need to finished, everybody is waiting for confirmation now.
|
|
|
864
|
Bitcoin / Bitcoin Discussion / Re: What will destroy the bitcoin?
|
on: February 28, 2018, 06:41:14 PM
|
Bitcoin appeared in 2009, eight years, the total value of the circulation of bitcoins up and down 200 billion US dollars. Bitcoin was declared "dead" by the media countless times. However, it is undeniable that the media has a huge influence. Therefore, with each media claim that "bitcoin is dead", the price of bitcoin will drop sharply. The magic is that every time Bitcoin is alive, its price has hit a new high all the way. In other words, in the face of so-called drug poisoning amateur media reports, bitcoin gradually developed "resistance", negative media coverage for the impact of bitcoin prices getting smaller and smaller. What will eventually destroy bitcoin? If there is a force that can destroy bitcoin, it must be human greed.
If you are finding yourself a way to destroy Bitcoin in terms to asking questions to other people, well, we would not tell you.
|
|
|
865
|
Economy / Economics / Re: Fiat, Banks and the future of Cryptocurrencies
|
on: February 28, 2018, 04:32:43 PM
|
As probably most people on this forum, I am fairly active in investing and trading in cryptocurrencies. I had some luck and made a little money with it, but I am now concerned to move some of the gains back to fiat.
In particular, I am working for a large, global bank (which shall remain unnamed for now). They are in the process of setting up new guidelines to deal with clients that engage in cryptocurrency markets. For instance, they are monitoring money inflow from cryptoexchanges and would reject any money that comes from non-approved exchanges (in particular those that don't have strong KYC procedures). Furthermore, for larger amounts, they would even require some proof how the gain was obtained.
A couple of critical items I want to raise for discussion:
1. If somebody has experienced such complications with their banks already, it would be interesting to hear about their stories 2. If more and more banks adapt similar measures (or even stricter ones, like some credit card companies disallowing financing of cryptos all together), what do you think the implications on the market place will be? For instance, do you think exchange without KYC's will suffer? 3. Do you think this could lead to "ICO heavens" where only ICO's will have a chance to survive that undergo a stringent background check that would be acceptable for banks?
I do understand the banks concern to ensure that there is no money laundering or criminal financing involved, but such restrictive, strict measures could have a significant impact on the entire cryptocurrency market. In a doomsday scenario, I could even imagine banks globally to impose similar restrictions worldwide, and thus even killing the entire cryptomarket. The fact that more and more internet shops, service providers, or even brick-and-mortar shops might accept cryptocurrencies does not really solve the problem, as these shops would be forced by THEIR banks to impose stricter measures on their clients. Thus the problem remains, but would be shifted along the chain. Do you think such a scenario is plausible?
I do believe that those restrictions are bad for the society, those things are need to get us a secure transactions and for the criminals to be hard to be able to get their money from wrong doings.
|
|
|
866
|
Other / Beginners & Help / Re: why so many currencies?
|
on: February 28, 2018, 03:49:46 PM
|
Hi All, Please help me understand in plain English how will we benefit from so many currencies? I see so many startups with decentralized blockchain ideas with their own crypto currency. Today I purchased oatmeal directly from a mill at their website. This mill sells its products thru grocers and other online stores as well. They probably gave 3% to the credit card company, which they could reduce by using blockchain. But if every store and every business starts creating their own currency, then I will have to go thru an exchange to convert BTC or ETH to that coin to make some purchase. Then we would need miners to process all those transactions in various coins. Why can't they just use ETH? Just like all IPOs use dollars. Thanks in advance
Many people are just competing to be the best company, but some people are just making some new coins so that they could get some money for themselves.
|
|
|
868
|
Economy / Trading Discussion / Re: What to do if the prices down again?
|
on: February 28, 2018, 02:13:20 PM
|
There are some rumours that the prices would get down again for one or two times before they reincrease to the level around before the latest year end and even higher. Can anyone here enlighten me and newbies like me, which is better to do if that really happens: 1) hold our assets and wait until the market got fully recover to start trading. 2) increase our capital to reduce the average price. 3) sell our assets with the assumptions to got deficit prives, and then rebuy again at this price. 4) others.
Any suggestion?
There are coins that I bought at a higher price and it did not yet recover to that price, so for now I would continue to hold my coins.
|
|
|
869
|
Bitcoin / Bitcoin Discussion / Re: CNBC: Be “prepared to lose everything” in Cryptos
|
on: February 27, 2018, 05:44:17 AM
|
So yeah, this is your typical traditional asset manager fear mongering, but I found this article most interesting because it includes a side by side comparison chart of volitility for BTC, ETH, Ripple and tradition assets, stocks and gold. We already know how volatile it is, but had never seen a side by side comparison like that. Remember, though, the word volitity has a connotation when talking about investments, but it goes both ways. Highly volition assets can “explode to the upside”, too. At least this BlackRock asset manager does appear to acknowledge that Cryptos may eventually become mainstream. https://www.cnbc.com/2018/02/26/worlds-largest-asset-manager-says-get-ready-to-stomach-complete-losses-in-cryptocurrencies.htmlIf we can see it well, it is a possibility that it could happen, but someone a lot of people are now adapting it so maybe it will go up sometimes.
|
|
|
871
|
Bitcoin / Bitcoin Discussion / Re: Why media against bitcoin ?
|
on: February 26, 2018, 05:26:20 PM
|
when ever I found any news about bitcoin it is negative news , i am confused why traditional mass media always against bitcoin ?
I think that is because they are paid? Most people say that those medias are paid to spread FUDs in order to keep that prices down?
|
|
|
873
|
Economy / Economics / Re: Cryptocurrency
|
on: February 26, 2018, 03:09:30 PM
|
Can cryptocurrency become universal means of exchange. I mean can it be a global legal tender like the physical money
Yes, maybe it will be the only thing that people will use in the future. As we see, we all now use computers.
|
|
|
874
|
Economy / Economics / Re: Is it better to save money or invest it?
|
on: February 26, 2018, 02:25:35 PM
|
Is it better to save money in bank or invest it online, in real estate or maybe gold?
In my case, I have already saved some money in case of needs, but I always put my money on to move its own and not just by staying in one place without getting any return.
|
|
|
875
|
Bitcoin / Bitcoin Discussion / Re: Be worried about BCH?
|
on: February 26, 2018, 02:04:17 PM
|
For some of us who have invested in BitcoinCash - BCH? should we be worried considering the recent news of it going lower and the changes in its blocks?
thoughts?
I have never seen any news like that. But somehow I know that BCH will be in the run with Bitcoin and it will not easily go down.
|
|
|
876
|
Economy / Trading Discussion / Re: Addiction?
|
on: February 26, 2018, 01:22:06 PM
|
Do you ever feel like you're overly obsessed with cryptocurrencies or trading/investing in general? Personally, I'm fairly satisfied with my investments/decisions so far but yet I'm looking for market opportunities most of the time. I think that's mainly because of the fact that majority of my time browsing the internet I watch related content. I'm passionate quite passionate about it.
Over time it kinda makes me feel depressed that I don't make as much as I possibly could or others have better scores (some unhealthy jealousy I guess?), so this "paper-chasing" has become a target itself.
When I want to take a break from all this stuff for let's say a month or week at least then I'm not able to because I'm afraid that I will miss out on something. On the one hand, I have made investments in projects I believe in so I could leave it for few months even and then back but at the other hand, I'm still not quite sure about my diversification so I keep watching the market.
Can anyone relate?
I see trading as my hobby and my Job, I treat trading as a Business not just by obsession. I would like now to spend my whole life in investing.
|
|
|
877
|
Bitcoin / Bitcoin Discussion / Re: Will you sell your Bitcoin at $100,000 or what?
|
on: February 26, 2018, 11:28:29 AM
|
I don't have much of bitcoin to sell it below $100,000 - and will probably do this one year after. Still have some doubts.. Maybe $200,000 will be a better point? Please give an advice, your opinion is important!!
PS. It's not a joke. Please be realistic while estimating.. Gonna bring up this topic close to X-Mas 2018.
If I got a lot of Bitcoins I would never wait for that price to hit because I think that high price would be done for a long time and I would not wait for that long.
|
|
|
879
|
Economy / Trading Discussion / Re: How to Come Back?
|
on: February 24, 2018, 01:03:14 PM
|
I lost a lot from Ponzi Hyip and ICO lending. I am currently holding some top 20 coin. The amount of money I owed is so great, I had to mortgage my house, I did not know what to do anymore, please help me advice if I should continue in the Crytopia this or not? That is the most hardest part of investing, you have not done your research and many people are suggesting that you only should invest the money you are afford to lose, but I guess you didn't listen.
|
|
|
880
|
Economy / Economics / Re: Bitcoin can be useful for a troubled economy
|
on: February 24, 2018, 12:49:25 PM
|
Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
Yes, definitely it will be a good way to help other poor countries such ours to balance our economy. I truly believe that it will be a great solution someday.
|
|
|
|