Bitcoin Forum
November 28, 2022, 02:51:09 PM *
News: Reminder: do not keep your money in online accounts
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 »
1  Economy / Trading Discussion / Re: Trading without losses? on: November 03, 2019, 05:34:53 PM
I'm interest in trading and I want to know more about it. So please give me your valuable ideas and opinions. As a beginner I would like to know that Is there any special ways to do trading without losses or in a manner which minimize the losses. Not only that please tell me Is it possible to start trading with a small amount of money at the beginning.
Hope you will help me.
Thank you. Smiley Smiley

Not possible. If you haven't lost anything while trading then you haven't really begun. Sure, people might tell you or you may see on TV great traders who always win, but in reality, that is never the case. Those traders may instead even be hiding their losses. But whatever happens, you can't really control it, eventually you will lose on a trade(s). The key thing is to keep going and learning from your mistakes.
2  Economy / Economics / Re: Bitcoin becoming a safehaven currency in Argentina on: November 03, 2019, 04:44:09 PM
I wonder why traders on those argentinian exchange don't just switch to internation exchanges like Binance. If bitcoin is trading at a premium of $10k++ when it's only around ~$9k+ on the global market, why buy premium?

I think arbitrage can't be done if they're limiting exchanges users to argentinians but on the flip side why don't they just buy cheaper from global markets.  Huh
3  Economy / Economics / Re: Cost of Living Comparison on: November 03, 2019, 04:07:58 PM
Let's discuss where to live
Using this tool you can compare cost of living and it's indicators (Cost of Living index, Cost of Living Plus Rent Index, Groceries Index, Restaurants Index, Local Purchasing Power and etc.) for two cities supported by our dataset.
https://www.numbeo.com/cost-of-living/comparison.jsp

If you are planning to live somewhere while using crypto alone, i'd suggest to live at either Japan or America. Yes, the cost of living maybe a bit high, but at least you get easy access to crypto exchanges or payment gateways.

If you want to live a nice comfortable life tho i'd suggest the Philippines, sunny tropical beaches, cheap food, cheap labor, and everyone knows how to speak english.
4  Economy / Gambling discussion / Re: The secret of gambling? on: November 03, 2019, 01:02:54 PM
After playing gambling games hundreds of times, without much effort in winning substantial profits at all, it makes me wonder what could be the secret of gambling? Personally, I find myself comfortable playing crypto-based gambling games, because of their greater level of accessibility than traditional games. I believe that gambling games which use cryptocurrencies and Blockchain tech, are much fairer than traditional ones within the mainstream world. Yet, you tend to lose more money than you've initially invested into a gambling game.

Which is why, I'm deeply curious to know if there's actually a secret within gambling that would allow me to win more than losing? Any thoughts about this will be greatly appreciated. Smiley

I don't see how can there be further secret to it. It's a gamble on whether you win or lose and the odds are always in favor of the house. No amount of superstition or mumbo jumbo that you do will change those percentages of winning, especially with online gambling games that involve crypto.

If you're playing poker and counting cards i could see how you could use that to your advantage if you're smart (genius) enough, but other than that, it's all the same. Just play!
5  Alternate cryptocurrencies / Altcoin Discussion / Re: Getting scammed on: November 03, 2019, 12:25:30 PM
I got scammed by this project called temtum. Signed up for their bounty months ago, posting for their campaign, filling up 2 kyc forms and pushing for its deadline, and now they are telling me i didnt pass it. It is not only me who encountered this. Hello Richard Dennis.

Sadly, this has become common practice with altcoin bounties nowadays and there is nothing we as bounty hunters can do but risk our time on joining such bounties. My tip to you is to carefully scrutinize the bounties you join and make sure if anything at all, it at least looks professional and iss a project that servers to solve a real world problem instead of just promising unnecessary 'innovations.'

This ain't 2017 anymore and lots of bounties are crap.
6  Economy / Trading Discussion / Re: How did you start trading? on: November 03, 2019, 08:37:31 AM
Hello traders! 

I would like to know how you started trading? Any interesting articles,
videos or guides that you found helpful before you started?
Can you share your opinions and experiences please?


I started by simply trading, and of course consequently, started by losing money. I believe making mistakes is a great way to learn. When i started losing money, it was an eye opener that doing the necessary research and analysis is a must before you trade.

If you want, you can start by doing virtual trading so that you can test the waters without actually losing much money.
7  Economy / Economics / Re: what makes us good investors. on: November 03, 2019, 07:16:35 AM
Selling or buying investments ?
As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-

1.   Our emotions
2.   Our lack of knowledge
3.   Hope !

Well you all can relate to the fact that whenever we are into selling something, we take hasty decisions, generally if the price is falling and we lack patience and even if we are scared that this can go worse in the future we generally sell and then regret moments later when we see it climbing ladder.
Even if the price is going great and its increasing we generally tend to regret if we sell it and the price continues to grow.
This is really hard once our emotions are involved with our investments.
I think that the best thing we can do is separate our emotions with our investments. We should kind of make a pact to never regret any decision that we ever made because in the words of Victoria Holt “never regret, if it was good , its wonderful and if its bad, its experience.”
I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful.
Also someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”



Those are some fine points, and I especially love the quote by Victoria Holt. As bitcoin and cryptocurrency investors, I believe what makes us good investors is that we've invested early. Bitcoin and crypto is still at it's early stages and it's true value has yet to be realized.

We will need to keep those 3 items you listed if we want to be good investors till the end.
8  Economy / Gambling discussion / Re: How Often Do you Bet on Politics? on: November 03, 2019, 04:20:36 AM
Politics seems predictable most of the time but looks like few people actually bet on it. Example, you know Joe Bidden has probably 50% chance of winning the Democrats primary. What stops you from picking and betting on that? Do you bet on politics and what are your winning stats.

Some time around October 2016 after the Access Hollywood tape was released, a certain betting site gave 108 to Trump winning the election. I believed strongly that Trump was going to win despite everything thrown at him. I had $5,000 and wanted to pick the odd. Somehow, I didn't follow through. That could have given me over half a million dollars in winning.

How often do you bet on Politics? Any reason why most people don't really bet on Politics? Do you know any trusted betting site that offers good odds in American Politics?

Didn't realize you could earn big with betting on politics. It probably never crossed my mind because it feels like there is something so wrong about betting on politicians. It's like betting on the fate of an entire country.

Some may say it's unethical and i tend to agree, but when you think about it i surely hope that these political bets don't affect the outcome of the polls.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: WHAT HAPPENED WHILE I WAS GONE? on: November 03, 2019, 02:41:19 AM
I have been gone for so long due to my hectic schedule at the university, but since I have graduated already and I have taken my board exam I am now back here! Finally.

I have noticed how altcoins I own before depreciate so bad. I even have two or more kind which up to now have no value. Is the market tthat bad already? I mean, I can actually read threads here but ofcourse getting direct feedbacks from all of you who stayed all through out the time I was not around would be very helpful. Please help me learn about the new environment of cryptos now. Thanks.

As usual, life goes on while you are gone. And YES, all the scam altcoins have shown themselves and the altcoin devs have either run away with investor's money or have  simply abandoned the projects altogether.

If you want to keep updated with the current crypto trends then i suggest reading crypto-blogs or websites like CoinTelegraph.
10  Economy / Trading Discussion / Re: WHAT DOES A TRADER NEED? on: November 03, 2019, 02:05:16 AM
Reading news constantly and being on track?
Using platforms/tools?
Is trading view enough?
Thank you for helping in this matter!

You should be able to answer this question through a few google searches. But basically NO, tradingview is not enough, no matter how many analysis you read there, you will always fall short if you don't explore all possible streams of news.

You have to check crypto-related blogs, facebook groups, telegram groups, even twitter. You need to know whats happening and you need to read books about trading. If you want to be a successful trader that is.
11  Economy / Economics / Re: Ushering in a Crypto Golden age for India on: November 01, 2019, 05:47:19 AM
The article talks about facts! Let me summarize it for you all!

India is lossing opportunities big time as a lot of young business owners are still waiting for the regulatory uncertainties to go away! RBI and policy makers have already thrown away few good companies like zebpay, Unocoin from the economy and zebpay moved to Singapore to continue their business! So new entrepreneurs are not willing to take further risks during such uncertain times, rather they are considering foreign land to start their business and foreign exchanges are eating out a big chunk from the pie!

Not sue what is meant by Golden age by the author! It's no golden age, just dark times for crypto communities in India!

Yeah, seems like so many Indian nationals are going for opportunities outside of their country. I personally work in an international organization with lots of officers from India. They are dark times for India indeed but the article talks of an "incoming" golden age which may put an  end to all this government bureaucracy.

Most probably, cryptocurrency will bring India to this golden age.
12  Alternate cryptocurrencies / Mining (Altcoins) / Re: Is the RX 580 8gb nitro+ gpu worth buying at $315 on: July 12, 2018, 06:24:06 AM
Just wondering if miners still feel this card is worth putting money into this late in its life cycle. I am looking for opinions so let me know please.


Its not worth it, especially because its this late in the mining life cycle.

That card will barely even make a dollar after electricity costs. And thats not to mention the upcoming ETH E3 ASICs that are about to be delivered by bitmain next week. Oh and lets not forget the fact that ETH is switching to POS real soon as well. There are so many reasons not to buy mining hardware right now..
13  Alternate cryptocurrencies / Altcoin Discussion / Re: I am losing money so I drank 10 beers so far and ordered pizza and KFC! on: July 12, 2018, 06:20:03 AM
This is the type of attitude you have to have!
Don’t give a f**k
As long as your in the Lottery and can afford to be in it who gives a f**k
If it was meant to be it will!
Long live the BULLS!

Been seeing you and your emotional posts around this forum for some time now. I'm curious, how much did you invest?

It seems like it's really taking a toll on you and your mental stability. Take a chill pill dude. Maybe forget about bitcoin and crypto for awhile. Do something productive and find other means of making money. Obsessing over it like this will only get the best of you. Just hold and be patient.
14  Economy / Economics / Re: stupidity is so close to poverty on: July 12, 2018, 05:45:01 AM
stupidity is so close to poverty, do you agree with such a phrase?
if it yes, means the poor are the fools.
I want to know your opinion.  Grin Grin

Your statement is pure ignorance.

Some people are born poor and they have no means of education because of their environment. We are all intelligent human beings and it is the cruel nature of our environment that shapes our IQ. Instead of making smart ass statements like this, why don't you instead use your energy for something productive and help educate the poor.
15  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Do we need to diversify? on: July 12, 2018, 05:32:25 AM
Why do we need to diversify our holdings? why we just all in in one coin to have a one time bigtime profit.

Research. Only proper research will tell you if there is an opportunity to diversify in other coins.

That being said, diversification in crypto is usually a short-term strategy for altcoins. If you instead don't have the time to put into continuous monitoring of these coins, instead go long term and focus your portfolio on big coins like Bitcoin or Ethereum.
16  Alternate cryptocurrencies / Mining (Altcoins) / Re: Do you switch your mined coins to USDT immediately or do you HODL? on: July 12, 2018, 03:06:11 AM
It's very simple. In a bull market hold your coins. In a bear market sell them for usdt.

Those that hodl their coins in 1st half of 2018 got rekt. Those that didn't hodl their coins in 2017 got rekt.

As for me I don't care as much. My rigs are paid off by holding most of my coins i bought in early 2017 and I use my normal day job to pay electric every month. I'm probably in the negative due to this but I'll wait till next bull run in 2 to 3 years before I sell.

Above post is actually a great example of why you should just HODL. I just think he got his first sentence mixed up.

Your mining business plan should take into consideration the electric costs because holding and selling in a BULL market is the way to make decent profits here. I mine, convert to, and hold Bitcoin and Ethereum knowing that a few years from now, the values of these coins will surely rise.

17  Economy / Economics / Re: Study says being rich is determined by chance rather than intelligence or talent on: July 11, 2018, 06:21:12 AM
A very interesting spin on anything that has ever been said about money, success or wealth!

I don't know what to think about this. The scaling argument which says 1% of the human population shouldn't own 40% of the world's wealth due to them not having IQ's of 200,000 or talent proportional to the highly disproportionate stake of wealth they control is something that will take time for me to digest and think about. Its certainly a novel concept.

Its also very interesting that they attempted to model along lines of standard deviation and wound up with a historical 20/80 wealth distribution. I think this is something which could use more exposure and media coverage. Its not often relatively original or new perspectives like this come along and the paradigm shift which can accompany them can often take decades to be fully appreciated within a pop culture vein.

I disagree. I recognize that, yes, luck can play an important factor in our wealth, but luck will easily be beaten by values like grit, hard work, perseverance, and determination. When we limit ourselves to things like luck or chance, we are no better than gambling addicts who bet their life and their families lives on a simple roll of the dice.

Simply giving everything up to luck or chance is synonymous to giving up on life.
18  Alternate cryptocurrencies / Mining (Altcoins) / Re: Can I mine any ETH or Others by using my Laptop? on: July 11, 2018, 06:15:02 AM

You again. Technically, you are wrong again. VGA stands for Video Graphics Array. That being said, many people incorrectly refer to "VGA cards" when they actually mean GPUs.

Going back to the topic at hand, i would just like to chime in and add to the consensus that using laptops to time is an extremely bad idea. Like many have already said, you will burn your laptop's components before you turn a single dollar in profit.
19  Economy / Economics / Re: Cryptocurrency or Stock Market? on: July 11, 2018, 05:53:10 AM
As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?

Both traditional stocks and crypto markets have their advantages and disadvantages. It would be easy to compare both by simply viewing traditional stocks as safer yet slower investment vehicles while seeing crypto markets as faster but riskier.

In the end, it all depends on your risk appetite and how long you are willing to hold.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Best competitors to Ethereum? on: July 11, 2018, 02:20:08 AM
Which are the best competitors to Ethereum, and why do you think so?

(I know on top of my head that Cardano and IOTA try to challenge Ethereum,
although they still haven't proved much from my understanding?)


Currently, i don't think there is any other altcoin out there that can really compete with Ethereum's adoption rates.

If i absolutely had to choose, then Cardano and NEO could be possible options. But in the end, it really boils down to what the real world uses and that is Ethereum. Moreso when ETH finishes solving scalability issues, all other blockchain platforms will crumble.
Pages: [1] 2 3 4 5 6 7 8 9 10 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!