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This project will be successful if all of us have a sense of community, a long-term mentality. I see a lot of people who just want a quick buck and they don't give a rat's ass about the long-term survival of the project. Some didn't even bother to read the announcement and I thought people were being too harsh on newbies but I'm surprised that it's mostly the newbies who are doing the very thing that we are being discouraged from doing. Just writing "reserved" will not get you anything. Anyway, I really like the way things have picked up, it's only 10 days and the project is picking up steam and spreading like wildfire. I hope all the stakeholders will be only those that have a long-term vision, who want to see the coin succeeding. I also think the devs should find a niche that other coins or tokens have not properly addressed and make that the selling point of Nevra. In order for Nevra to survive long, it needs to address specific issues that other coins are struggling to address. Looking forward to being part of this project.
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Crypto is very volatile and it's driven mostly by FOMO and FUD. These are very hard to predict and makes it a very risky way to earn money. If you are lucky enough to make the right decisions at the right time, you will make money, but if the opposite happens, losing a lot of money is very common. Crypto doesn't respect technical analysis, at least in my own opinion. I will never day trade crypto, I will always buy for long term because I have the worst of luck, but at least holding for long term does increase my chances of winning. Almost all my picks have gone south ever since I bought them, that made it clear that I can never be a day trader. I will always lose money if I do.
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The crypto world is still in its infancy. There is still a lot of action coming up and you are lucky to be involved now. Of course, people that got involved a year ago are probably rich already but you still have a chance.
Be wise, there is a lot of criminals out there who want to take advantage of the uneducated!
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The entire market is in the red. Everyone has lost money. What do you think?
This is not new my friend. It's always happening. Yes the magnitudes are not the same, but one thing that is certain, the coins will bounce back, as I type this, bitcoin is on the road to recovery. Hold your positions, if you have extra money, stock up. |
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Usually the government is banning Bitcoin just want to make sure the entry point to buy BTC at the lowest price
And sell it when the price has bounced
These are my sentiments too. It has worked time and again. Bitcoin refuses to stay down when it crashes and they have seen that, therefore they create fud, buy on the dips and make money. If you are a smart investor, you will buy the dips and hold for dear life. |
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When governments ban crypto, I think they do so because they want to create fud and prevent mass adoption of crypto as a form of currency. Some say it's because they want to benefit themselves in doing so, crashing the markets to buy lower.
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Gambling is addictive by nature. It is very dangerous and naturally, I stay away from such activities. It is impossible to completely avoid gambling, in crypto we take huge risks at times and that is some form of gambling. Some may say it's calculated risks blablablah, but the fact that the results may go either way means we are technically gambling. I personally don't think gambling benefits me in any way. I have lost losts of money while gambling and I will not do it ever again
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I do mostly bounty campaigns, mostly because they are less risky than other ways. Mining is expensive to begin and the electricity costs can make you take ages to break even. Trading, while it can be profitable, it is very risky and it's best left for professionals. I also write content on Steemit and earn it that way
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I'm hodling a few alts. I wish I had more money lying around then I would have bought the dip. I will hower do whatever it takes to earn more crypto.
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A millionaire does not post that on a forum. If you really wanted to help people, then why not just mention at least a little bit of what you do. Give a few testimonial from real people that you have helped.
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As the markets were beginning to bounce back, I noticed there was a new kid on the blockchain that was taking the crypto world by storm. At first glance, I thought this was a typical pump and dump coin and so I didn't pay much attention to it. I really hate pump and dump groups because they are destroying the reputation of crypto. They make crypto look bad in the eyes of the public whom we want to entice to adopt the future currencies.
I decided to keep an eye on it though, it seems to be losing its initial hype. Today while other cryptos were enjoying some green runs, it suffered a 30% crash against the greenback. Could it be a pump and dump, maybe, it's the wild west of crypto and anything is possible.
I looked at their website and it seems to promise some great things. u.cash promises to make it so much easier to convert your crypto to fiat. Right now if I need to convert my crypto I have to depend on an online service that uses escrow services to protect the trading parties. If I want to go overseas, I go to a forex exchange outlet and convert my local currency to the currency of the country I want to visit. There are fees and spreads to worry about, but you are dealing with a human being face to face and that kind of makes one feel secure.
Introducing u.cash. They are intending to make it as easy to convert fiat as it is to exchange forex. You just find the nearest exchange on your mobile and pay them a visit to cash out your bitcoin. All the transactions on the u.cash network will require ucash tokens and this will make the demand for these tokens to increase tremendously. Their tokens were distributed via initial bounty offering and I believe that is great to spread awareness and a good marketing tactic.
Over the longterm, the ucash token looks really promising. I have no idea what caused the token to crash today, but I no longer think it's a pump and dump. I would gladly welcome ucash services in my country to exchange my crypto for fiat. It would certainly make things a whole lot easier.
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My point is clear, let's use another example, one which you might have heard about. Bitconnect, or most recently Davor, when they closed their lending programs, that's terrible news, suddenly all the buy orders that were pending are cancelled, the sellers start placing lower buy orders, trying to outsell each other, suddenly the highest sell order is $25 down from $400 and so far no order has been filled and therefore the price remains the same. Say one person believes $25 is a good buy and he buys Bitconnect worth a penny. The price on the exchange now records because that was the last order filled. Did the amount of money pumped into the market previously get taken out? Certainly not, yet the price is now $25! So my point is that it's not really the amount of money pumped into crypto that necessarily drives the prices up. It will initially do so while people are buying, but the moment bad news is heard, the money that was initially put in, could still be in the market, yet the market cap can drop below that value. Say a trillion dollars gets injected into crypto today, and the market cap rises, tomorrow news that the US has banned crypto spreads, the market cap can drop to two hundred billion without $100 leaving the market. If this does not make my point clear, I rest my case.
Let me help you with a simpler example. Say the entire marker is only held by 2 investors... InvestorA own 10 billion of crypto coinA he bought at $0.01 each. InvestorB own 10 billion of crypto coinB he bought at $0.01 each. Both invested $100million for a total market cap of $200 millionIf investorA sold one token to investorB for $1, and likewise investorB sold investorA one of his token for $1. At that instant, the market cap went up to $20 billion with only a dollar injected to the market. Give this man a Bell's |
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It's true that if more people get involved in crypto, the average prices of crypto coins will go up. Why? economics, demand, and supply. The majority of the coins have a limited supply and the higher the demand for those coins/tokens, the higher the chance for the prices to go up.
In general, crypto markets are driven by speculation.
The price of a coin can go up or down even if just a penny changing hands.
The price will only change when a sell order or buy order is filled. That buy order can be only 1 penny!
So what drives the prices up or down? Opinions, not new money. Money doesn't have to leave the market for prices to crash.
It is hard to get your point. You're saying that money is not needed for prices to go up or down. You maintain that very small amounts of money put and filled in buy'sell order can make a huge difference. But is it really true? First, transaction fees for some coins, as well as additional fees on some markets make the min limit of the money with which you can create an order, so it's definitely not 1 penny. But okay, let's neglect this aspect and concentrate on more important things. Let's say I hear bad news about ethereum and set a buy order for $500 on a sum of 10 dollars. Suppose, even a group of people does that. But, as the order sums are low, even if they do get filled somehow, it would not affect the price a lot (only if we deal with a market that has a very low trading volume of the coin), since most of the money invested into ethereum is still there and the main price is still the normal one. Even if you can have good results with low funds, they still have to be wagered a lot. I mean, a lot of orders have to be filled at certain prices to make a difference. My point is clear, let's use another example, one which you might have heard about. Bitconnect, or most recently Davor, when they closed their lending programs, that's terrible news, suddenly all the buy orders that were pending are cancelled, the sellers start placing lower buy orders, trying to outsell each other, suddenly the highest sell order is $25 down from $400 and so far no order has been filled and therefore the price remains the same. Say one person believes $25 is a good buy and he buys Bitconnect worth a penny. The price on the exchange now records because that was the last order filled. Did the amount of money pumped into the market previously get taken out? Certainly not, yet the price is now $25! So my point is that it's not really the amount of money pumped into crypto that necessarily drives the prices up. It will initially do so while people are buying, but the moment bad news is heard, the money that was initially put in, could still be in the market, yet the market cap can drop below that value. Say a trillion dollars gets injected into crypto today, and the market cap rises, tomorrow news that the US has banned crypto spreads, the market cap can drop to two hundred billion without $100 leaving the market. If this does not make my point clear, I rest my case. |
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It is true that a lot of people got into the crypto space in the months of November & December 2018. It's true that if more people get involved in crypto, the average prices of crypto coins will go up. Why? economics, demand, and supply. The majority of the coins have a limited supply and the higher the demand for those coins/tokens, the higher the chance for the prices to go up. However, the most interesting thing in crypto is that no new money needs to actually come into the markets to push the prices up, and the opposite is also true.
In general, crypto markets are driven by speculation. This can be either good or bad depending on the perspective. It is good for the hodler when speculation drives the prices up because they become richer without having to buy more. It is bad in the sense that negative news can easily cause markets to crash and cause massive losses for those who bought at ATH as seen in the recent crash that saw most coins lose up to 90% in a couple of weeks.
As we stand right now, the total market cap is $426 billion, almost 50% lower than the ATH! It is also true that a lot of weak hands did exit crypto holdings during the crash. But that does not need to have been the case. The price of a coin can go up or down even if just a penny changing hands. Huh! Yes, just one penny is needed to drive the price up or down. The other factor, the biggest factor, is the opinions of the crowds. When the outlook is positive, and things are looking promising for a coin. Say, they are launching that feature that everyone has been waiting for according to the roadmap, people can start placing higher buy orders. The sellers seeing the action, decide to cancel their lower sell orders and place higher sell orders and the race up goes on and on. This can go on and on and as long as no orders are filled, the price remains the same on CMC, right! The price will only change when a sell order or buy order is filled. That buy order can be only 1 penny! and the price could have gone up 20% with just that one penny. Did new money come in? Maybe, but was it the new money that drove the price up? Not necessarily and probably not. Do you get the picture? Prices can go up 20, 50 or 70% with only a penny exchanging hands and the opposite is also true. So what drives the prices up or down? Opinions, not new money. Money doesn't have to leave the market for prices to crash. It can all happen with the smallest amount of a sell order being filled. The same money could remain in the market, and the prices could be down.
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world is a jungle and many people think that here is all peace and love
markets are jungles and you have to learn that there's a lot of scammers that promise you will be rich tomorrow
it isn't so
you have to go on your way and learn a lot
and in order to be strong you have to be indipendent and capable to think and manage thing alone
stay strong and listen to veterans, it is the only way, people is hars because they have been scammed, everyone of us, and as community we want to prevent you to be scammed too.
best wishes
True, we need to be strong and remain positive at all times, but this is not a license to be mean to others just for the sake of it. Anyways, I get a general idea. People will always be who they are, to live a longer life, one needs to avoid the bad apples of this society. I will try my best not be a nuisance to anyone. I will help those that genuinely need help and I will go about my business on BCT while helping the community to grow. I will speak out against blatant abuse and I will help to keep spam to a minimum. |
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This kind of behaviour is not limited to Bitcointalk.org forum and believe me, I grew up with Bulletin boards and forums from a very early age. People think they can react differently towards other people, when they are not face to face with these people.
The anonymity of a platform like this, allow for people to be rude more often than with forums where people's real identity is linked to their forum user.
This kind of interaction has it's advantages and disadvantages. A advantage of this, is for people <No matter what age, religion or race to interact on the same level>
It does not matter, if you are Black or White or Male or Female or 10 years old, you can still participate in the discussions about Bitcoin.
The forum have some general rules to protect people, but they cannot stop people from being rude. These people will dig a grave for themselves, when they act in this manner. < People will just "ignore" them in the future >
My advice to the newbies out there will be to highlight these instances. <tell them, when they are rude> and to use their ignore/Report to Moderator button, if this continues. <It is your choice>
Good luck, this is the Wild West and you might get into some Bar fights, while you are in town. Your choice will be to walk away or to fight or to call the Sherriff/Moderator. ^smile^
It's good to know that there are people in this forum who are good leaders. People who will not abuse their power and most of all people who are open minded. If only there were more of this kind of breed, things will be a whole lot nicer here. |
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I have a question Fiancia. Where is your website? Where is the whitepaper? How can we promote a project without full knowledge of what it's all about? Where do we send the referred people to do research? No one wants to invest money without doing their due diligence.
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