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1621  Economy / Trading Discussion / Re: Free Boinary Option Trading Signals on: October 14, 2019, 04:24:35 PM
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1622  Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS on: October 14, 2019, 01:49:33 PM
Lot of people are making price predictions and many years ago I did as well.However, I stopped thinking in fiat and only thought about stacking stats. In the end we are part of a financial revolution much like Tesla in cars- uber in taxis.The financial market is in a recession when you have bankers, government official telling you we are doing great it's to cover up the truth.

I told some friends in 12/2015 that btc in few years will be 10 k . I am no market analyst I just based it on scarcity. Those same friends bought in 2017 and called me thinking I knew what the next target is and I told them shit, I got lucky I have no idea. Four years later  and now I am thinking scarcity again and 95k in a few years is my next prediction because why not we all love a number to gravitate to.

In 2016 saw a youtube video, and in there was a Chinese mining operator that did not speak english well  but would say just buy 1 BTC and many people laughed at him dunno if it was because of his accent or because he was a miner  promoting BTC. I thought about that back than and realized that 1 btc is attainable at 500 usd.

I would tell family and friends and got  a response like I will wait till it comes down.  If those people listened 1 year later would have profited well. Now I tell friends  .1 BTC  I  think for many that is attainable, now the response is did bitcoin not crash. My point is that I think if we educate fundamentals which is tough we might win some hearts.

Traders should be more observant and disciplined when it comes to trading. During recession, we should think critically and have a good decision making. Predictions resulted on a false expectations and can lead to emotional stress due to trading. We should educate other people the fundamentals in bitcoin to help them gain profit also. Although it is hard, we should work hard for them to understand it.
1623  Bitcoin / Bitcoin Discussion / Re: Dinar, Dirham to BITCOIN on: October 14, 2019, 12:20:31 PM
there are some people consider Bitcoin is digital gold. because of its mining system and limited stock. So do you think the concept of bitcoin refers to Gold? because gold has a stable value throughout the world. if true. then the country that uses the first stable coin is arabic, with its dinar and dirham. and perfected by bitcoin with computer networks and the internet. What's your opinion.?

It is really a valuable like Gold, it can use as a digital money in many transactions. It is possible that the concept of bitcoin refers to Gold that it's value never change. It is not very stable like gold, it still varies in time. Gold is perfectly different from bitcoin, bitcoin is just a digital version of Gold.
1624  Economy / Trading Discussion / Re: What is the cheapest way to Exchange cryptocurency? on: October 13, 2019, 03:06:21 PM
What is the best and cheapest way to Exchange cryptocurency?

Without all most 0 fees!! 

Huh? Are you serious? There's no free nowadays. All things value money more in our generation. But if you know someone personally like a friend or something, you can talk to each other and negotiate to exchange crypto for free. But it's hard to experience that kind of event. Just accept the fact that you need to pay just to have a successful transactions.
1625  Economy / Economics / Re: Fiat Money Losing Worth, Bitcoin and Gold Getting Important on: October 13, 2019, 02:44:50 PM


There are a lot of reasons to believe that the value of our fiat money is losing its real value. We have inflation eating into the worth of goods and services that our money can buy and although this can be controlled to a certain degree this can never be stopped nor eliminated from any economic system. Another major problem is the tendency of many central banks to just print more paper money (termed as quantitative easing which is nice to ears) and circulate them to the economy. Coupled with a high degree of economic and political uncertainties as well as lack of trust for the government, we can in an era uncharted and which repercussions can be felt in the coming years. 

Quote

In a recent interview with the Swiss newspaper NZZ a, Sonntag, Mr. Gruebel explained that negative interest rates are having an adverse effect on fiat currencies. “Negative interest rates are crazy,” he said, adding “That means money is not worth anything anymore.”

Gruebel stated that as long as interest rates remain in place, the financial industry as a whole will continue to shrink. Last month, the European Central Bank (ECB) decided to cut interest rates to -0.5% and Marilyn Watson, global fundamental bond product strategy team head at Black Rock, explained that there is potential for interest rates to go more negative, especially in Europe and in Japan.

Countries such as Venezuela or Argentina are registering very high inflation rates. While Venezuela is currently in a hyperinflationary spiral, Argentina could shortly follow Venezuela’s steps. Populist governments are printing money trying to convince their populations that owning more coloured papers would make them wealthier.

This is where gold and Bitcoin (BTC) could eventually become important for society.

Source.


As the fiat money is losing its value, more and more people will realize that it is time to get into the Bitcoin bandwagon as a way to partially protect their wealth and investments. That time is coming soon. We who are the pioneers in cryptocurrency have many things to thank for that we are involved at the right time. 



Bitcoin and Gold has a lot of advantages that we need to know. Although they varies in time, they don't vary in any bad circumstances or situation. Problem like inflation, fiat money decreases its value because of inflation.

Cryptocurrency has a lot of program on how you can store your money in a good hand. The same as gold, it never change its value from time to time. You better invest in something thay you're certain sure.
1626  Bitcoin / Bitcoin Discussion / Re: Bitcoin - Store of Value or Method of Payment on: October 13, 2019, 02:05:07 PM
In my opinion it's both.
Think about the people who are holding it - they believe it store of value. And it is indeed. The bitcoin a user bought for $600 each now they value grown 10x+ times. This could be 100x without any doubt.

And talking about payment - as long as we will have the fees in control it's very convenient.

Yes, it should be both so that it'll be balance. Sometimes we need to use bitcoin as a payment method because it has a lot of advantage. Like it is very secure and can use in many easy transactions. Also stored of value, it is like waiting for the right season. Always being patient and mindful in transaction is the key.
1627  Economy / Trading Discussion / Re: Top bitcoin trading strategies on: October 12, 2019, 05:57:33 PM
The best bitcoin (BTC) trading strategy is one that is perfectly aligned to your own individual goals, risk appetite and available capital. However, there are a few strategies that have become popular with bitcoin traders. These include:

1. HODLing
2. Hedging
3. Trend trading
4. Breakout trading

Hodling is one of the fundamental strategies in trading, patience and good decision making is the key here. You just need to wait for the right time and think wisely. You just need to observe and wait for the target price you want and that's it. It's very easy to gain profit while doing hodling. Take advantage of the right moment and all the win win is in you. But it still always depends on you, on how you control your emotions in trading.
1628  Economy / Economics / Re: Bitcoin and Avocados: Correlated Assets? on: October 12, 2019, 03:33:16 PM

But I am sure about one thing. Bitcoin has the potential to rise by 10x or 20x in the next few years. I don't expect avocados to rise by that much.

I agree, we just need to be optimistic when it comes to bitcoin. I can't wait for the time that bitcoin will dominate other currencies again. Just look forward on the effect and importance of bitcoin in our economy and the rest will follow. Just don't mind the avocado, just focus on the power of bitcoin because there is so much more about it. There's a lot of good thing in the bitcoin rather than the fruit. It has a lot of things that it can do that the avocado fruit can't.
1629  Economy / Speculation / Re: Bitcoin & Bubble Comparison on Charts on: October 12, 2019, 02:30:29 PM




I posted a thread a few days ago which displayed why BTC is different from a normal Bubble. But here I am seeing it's comparison as a bubble. But a Bubble which has already been busted but now is moving at it's mean level. So I think even if BTC was a bubble earlier it has returned to the mean mark and now we have a smooth way ahead.

This is a perfect comparison in knowing the power of bitcoin when it comes to increasing by understanding the chart. But don't be too confident because anytime bitcoin can be dominated. Many said "bubble is a bubble" but the question is "until when?" there's nothing permanent here.

We're looking forward to another bubble again in the market in the near future.
1630  Economy / Trading Discussion / Re: How to control your emotions while trading?👨🏼‍💻 on: October 11, 2019, 03:37:32 PM


One of the most popular emotions among traders is a notorious fear of missing out,
or simply FOMO, which picks when the market is high.📈

Watching the price of an asset soaring higher and higher, while out of the deal,
a trader often feels even worse than in case of losses.⚠️

So, what exactly can you do to prevent emotion-connected issues?

Accept the fact that you can’t buy at the lowest and sell at the highest prices;☝🏻

Don’t be looking at the charts all the time;❌

Use a trading plan ruling how to deal with profits and losses;📝

Follow your own plans, don’t compare your results with results of other traders too often.👨🏼‍💼



We should always be observant and patient, by this we can make a perfect timing on when to trade. Always think critically and make a good decision, for you to have a win win trades. Make a strategy or plan on how to execute your moves to prevent loss and regrets. You should always take the risk but you need to become wise when it comes to decisions it trading. Understand the chart for you to observe and secure the right time to trade.
1631  Economy / Economics / Re: China cracking down on bitcoin again on: October 11, 2019, 03:13:00 PM
Quote
I think what has happened is this: China closed down all the cryotocurrency exchanges back in early 2017.

Then Binance tweeted to their Chinese users that they could buy bitcoin with Alipay. The Chinese authorities then put pressure on Alipay to close down any bitcoin related transactions, which is what they've done.

Could be possible that that's the reasoning behind it.

More likely than not though China is not just specifically targeting crypto exchanges in their crackdown, but rather just the entire cryptosphere as a whole. As an extension to that policy stance, they simply try to stop anything that would enable users from accessing BTC or whatnot.

Wechat and Alipay has already started flagging transactions a while back, but I haven't actually heard anyone getting banned. I do know for a fact though that Chinese traders on there are now a lot more cautious than before, e.g. asking people to not speak of anything crypto related in Wechat's dialogue when conducting a transaction.

Yes, China want to conquer crypto currency with their Alipay. They want to dominate all kind of money and control many people. They really want to crack down bitcoin because they know that it is very powerful. Powerful means that they can't defeat it easily. All they have to do is to understand and accept that crypto is extreme.
1632  Bitcoin / Bitcoin Discussion / Re: How do I get to know detailed stuff about Bitcoin without the coding languages? on: October 11, 2019, 02:47:49 PM
I've been a member here since 2016. That's a sign up on this forum 3 years after Bitcoin fascinated me and made me interested for the first time. 2013-2019 means 6 years of being involved in Bitcoin, and yet I have to learn a LOT about the way it works.

A lot of time passed and I did make many mistakes.. some which led to the lost of my funds, some forum mistakes but we all learn from the mistakes we make, right?

Anyways, I'm going to go straight to the point. Although I've been a BTC user for so long, I don't know much detail about the technical & mining part of it. I've always wanted to write in other, more advanced subforums here but I don't have the knowledge to, and I wish I had it.

How do I get to know the way Bitcoin works, the technical and more advanced parts of it, without having to learn the coding languages as I've never learned them before?

Technicality of Bitcoin is way more deeper than u know. But if you're really interested, there's a lot of way on how you will dig more about bitcoin. Just search all terms that you need to know about it, and you will comprehend those things step by step. Just understand anything and the rest will follow. Also reading articles can help to sharpen you comprehension and mind to explore more about bitcoin.
1633  Economy / Trading Discussion / Re: choose forex trading or crypto trading..? on: October 10, 2019, 06:43:12 PM
before getting to know cyrpto I was involved in forex trading, then I switched to crypto trading, I think it's the same as forex trading turns out different, crypto is more difficult to predict and the movements are often irregular, for those of you who trade forex, it's more convenient forex or crypto,?
if I personally prefer analyzing in forex trading, but in the trading system it prefers crypto trading, I hope someday the crypto exchange will include various national currencies, so it not only provides crypto exchange but also exchange money between countries.

If you're a professional trader, you can trade in any circumstances. You will disregard those little problem when you are trading. Yes, crypto trading is more complicated but it is significant. You just need to become observant and patient when it comes to trading in a right time. Forex is just easy to understand and trade stocks. But crypto trade gives a lot of benefits and you can gain more profit using it. You just need to take the risk that no matter what happen, it is your choice and decision of something good or bad thing occurs.
1634  Economy / Economics / Re: World Global Economy 2019 and future. on: October 10, 2019, 06:18:55 PM
One of my favorite topics are world markets and Economy i do my own research about this and i have opinion about this subject:

This is what i think what is current situation and future for countries and people! 




2019
Canada: i see Canada dollar will be stronger.  2019 is strong year for Canada dollar.
Canada stock market will be down. 


United Kingdom :
Economy big slow down 2019


USA :  market is good stock market is good.
USA dollar  remain not strong not weak Medium.


Europe: Eur currency will be weaker, Eu Economy will be better and Economy will go up everyday.

World Global Economy is really unpredictable. Many years from now, the changes in economy has a variety of effect. For example, the stock market fell down. This consequence can bring a lot of another consequences to the people in this world. Economy can be slowed from time to time due to the changes or weakening of currency in a specific country. But there's a way on how to solve this kind of conflict in our economy.
1635  Bitcoin / Bitcoin Discussion / Re: Stop Worrying about the Bitcoin Price on: October 10, 2019, 04:22:31 PM
The Bitcoin price certainly affects many things. It can help us gauge adoption along with other metrics as well as the sentiment of people who are currently invested.

Bitcoin is not a get rich quick scheme. It is the currency of the internet designed as a super hard form of money to challenge many status quos.

Even if we were to pay more attention to the price. Many of the people worrying don't know the basics of TA. I'm here to tell you that if you own any amount of BTC you are riding a rollercoaster that is affected by adoption, politics, whales and many other factors out of your control. The one thing you can count on is the math, The fact that is was the first, the 21million cap, it's security, and the torrent of frustration it brings older businesses who have grown lazy and abuse the masses(banks).

From a TA standpoint (i'm a noob with a background in music but i've been studying and doing paper trades for years now). Bitcoin has been consolidating for a few months after a pullback from a 1 year high. The fact that it's been trading in the range its at means that the whales and traders who bought in late can't affect the die hard HODLERS who were already in the market in early 2019. You can find articles explaining the demographics of Bitcoin holders. Those who bought in at 10k+ were the ones selling.

Other than that we have some whales playing in the ocean.

Remember this is about change and technology.

If you believe in the ideals money is more than likely to follow.

Be well!

I got the ideals of bitcoin that this is not a race or competition to get more btc. Each and every one of us need to accept that there is always a change in bitcoin. Nothing is permanent but change. Patience is always the key to success. To those holders, just wait for the time that bitcoin will rise again. Continue to hold and the comeback is greater.
1636  Economy / Economics / Re: The U.S. Government Tried To Shut Down Bitcoin on: October 09, 2019, 04:06:24 PM
see

https://www.forbes.com/sites/billybambrough/2019/10/08/the-us-government-tried-to-shut-down-bitcoin/#58419a821966

Quote
Bitcoin conspiracy theorists have long suspected the U.S. government, among others, would like to shut down bitcoin.

Bitcoin's first decade has seen its price explode, making early adopters overnight millionaires, and prompting some of the world's biggest technology companies to create their own versions of bitcoin.

Now, it's been revealed federal prosecutor-turned bitcoin and cryptocurrency expert Katie Haun was asked to look into "shutting down" bitcoin by her boss at the U.S. attorney’s office in 2012.

"They said 'we have this perfect assignment for you'–there’s this thing called bitcoin and we need to investigate it," Haun told CNBC in a wide-ranging interview, adding a colleague asked her to take down bitcoin.

"That was the first time I’d ever heard of bitcoin."

Over the next few years Haun would go on to sit on the board of U.S. bitcoin and cryptocurrency exchange Coinbase and teach a class on cryptocurrency at Stanford Law School.

Any serious attempt made by the U.S. Department of Justice to shut down bitcoin inevitably came to naught, with Haun saying, "it would have been akin to saying ‘let’s go prosecute cash.'"

Haun, who is now the first female general partner at U.S. venture capital firm Andreessen Horowitz and co-heads its $350 million cryptocurrency fund, has worked closely with social media giant Facebook in development of its troubled libra cryptocurrency project.

U.S. government opposition to bitcoin and cryptocurrencies has become far more transparent since Donald Trump entered the White House.

Earlier this year, U.S. president Trump sent shockwaves throughout the bitcoin and cryptocurrency industry when he tweeted a vicious attack on Facebook's bitcoin rival plans, branding it and bitcoin "unregulated crypto assets."

Others in the U.S. government were quick to tow the line, with U.S. Treasury secretary Steven Mnuchin adding his voice to the assault on bitcoin, Facebook's planned Libra crypto project, and other cryptocurrencies, warning they pose a "national security" risk to the country.

Elsewhere, Apple chief executive Tim Cook has warned companies against creating their own cryptocurrencies.

"What we heard with libra were the same criticisms [I'd first heard about bitcoin]" Haun said.

"They were just heightened and they got more attention because of the high-profile nature of the project and the fact that Facebook was involved. I think it would be a really dangerous thing, and frankly a dangerous precedent to start shutting down technology before it’s built."

Facebook's libra has been under fire over the last week, with internet payments company PayPal, one of the Libra Association's founding members, suddenly pulling out of the group on Friday.

Mark Zuckerberg, Facebook founder and chief executive, had hoped to work with global regulators to clear libra's path to launch in June 2020 but appears to have underestimated the level of opposition to the scheme.

I believe that they can't defeat bitcoin easily. Bitcoin dominates the market nowadays, it revolves around the globe and nothing can stop it. The government is not that powerful enough to shut down bitcoin. We all know that the government always go out of the business of everyone and they notice everything that's growing. Many people adapts it and in the future, bitcoin will become the money used in every transactions.
1637  Bitcoin / Bitcoin Discussion / Re: What will happen to miners when Bitcoin limit supply completely mined? on: October 09, 2019, 03:36:48 PM
We are estimating Bitcoin supply to be completely mined by 2140 and there won't be any Bitcoin left to mine. At that time, reward for miners would be only from the transaction fee (not sure enough tbh). Do you guys think that the transactions fee are enough for miners to make profit while today we always want to pay transaction fee as low as possible?

What's your opinion about this?


When that time comes since they give low transactions fees, it is not enough for the hard-worker bitcoin miner who want to gain more profit. We need to give credit to those people who spend their time mining for us who want to own a bitcoin. We need to increase the transaction fees for them to gain profit as an exchange to their hardwork.
1638  Economy / Economics / Re: Conservation Law on: October 08, 2019, 03:24:22 PM
As an engineer I learn about this Law some years ago, they call it the Conservation Law, and it applies for energy and for the mass... The law is simple:

Quote
for any system closed to all transfers of matter and energy, the mass of the system must remain constant over time, as system's mass cannot change, so quantity can neither be added nor be removed. Hence, the quantity of mass is conserved over time.

And is the same for energy...

Now, after that intro lets move to the real question:

¿Why there is no economic conservation law?

This is a real problem because is really easy for the human to create money from nowhere, and the best example is a coin hard fork, when we saw the born of bitcoin cash, there was a crazy big amount of money created from nowhere. So, you think someday human will stop creating money from his imagination and create a Money conservation law?

Source: https://en.wikipedia.org/wiki/Conservation_of_mass

If there's a lot of money and everyone has it, it will be senseless or useless since people can buy anything instantly. So conservation law is essential for us to value money more than anything. But people are greedy and money control us humans. We will not stop creating money from nowhere because we want to own anything.

But if we want to conserve money for the economy then people should work or look forward on the economic conservation law.
1639  Bitcoin / Bitcoin Discussion / Re: So what will happen to Bitcoin? on: October 08, 2019, 02:07:47 AM

As noted elsewhere,  It's also part of a worldwide trend toward digital money so it will continue and will survive.

The fact that the Bitcoin protocol has been around for a while means that it will continue to evolve. You bet.

This is one reason Bitcoin could easily become a global currency while staying true to its original intentions.

However, to what extent the cryptocurrency will evolve as a payment system depends on global acceptance.


There's an importance of digital currency in this world, like it can provide security and privacy to your money. There's a time that bitcoin will go ups and downs, but it will always survive because of its ability to control our market. Bitcoin can really excel and become more useful in the world as the global currency.

Cryptocurrency will extent depends on the countries that values it as a money to. There's a lot of countries who accepts bitcoin in their market. Maybe in the future, more countries will now adapt the bitcoin as their digital money when they comprehend its importance and value in the market.
1640  Economy / Trading Discussion / Re: Best trading platform? on: October 07, 2019, 03:02:21 PM
If Binance was smooth and good for you why are you looking for an alternative? Anyway, the altcoin exchanges that are pretty okay based on my experience and are decently reputable are Huobi Global(HBG), OKEx, and probably Bittrex(though I haven't used it in a year). But as always, do your due diligence when it comes to any exchanges.
I want to say the same.If he do already have smooth experience with Binance then why he do still look for other exchange? Stick to it on where you do feel comfortable and suit out your needs.Answering up the question then i would go with Okex my next choice.

The Binance is really helpful and user friendly. It is very easy to use and easy to handle. But not all, exchanges is safe so always check your security and safety in finding trading platforms. When looking for trading platforms, check the reviews of other people to familiarize with the negative and positive reflections about a certain trading platform. But for me, binance is the best and comfortable to use among other platforms.
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