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1441  Economy / Speculation / Re: What would happen if Bitcoin did hit $1m by mid-2020? on: May 25, 2018, 07:06:08 AM
If bitcoin really hit $1m by 2020, i'm sure people will invest more on bitcoin and maybe bitcoin will become the next gold. It's seems impossible though, hit $1m by 2020, it means we have 2 more years to reach that which is impossible. The bitcoin price can't even hit 15k-20k again in this year.
Many predictions on prices about bitcoin and when we say if it will hitted to 1m ofcourse many billionaires could experience this. Yes that's the problem it can't even go to $20k so many months to end this year. And we don't know what will happen this year 2018 and onwards.
We sure may not know what could happen but at the same time, anything is possible. $1m may end up possible in the long run, but I am not sure yet if it is something that is possible to achieve by mid-2020. I would be amazed though to see this come into reality. The fact that we are in a bear trend now, does not mean we cannot eventually switch back into a bull trend in the long term, but however it is, I guess we will just have to see.
1442  Economy / Speculation / Re: Is the Bitcoin market going to collapse? on: May 24, 2018, 08:10:50 AM
The market share of bitcoin has been reduced in an artificial way, there are many forks and some of them very big like bitcoin gold that has reduced the dominance in the market of cryptocurrencies, but also there are many new coins that appear and then disappear after a while that also reduce the dominance of bitcoin in the market, if the bubble really collapses all of the weak coins are going to disappear not the strongest coin in the market.
Dubious or not, nothing is going to change the way the market is in the long run as there is a lot of potentials for this market and collapsing is the last thing we will ever get to see at all. Government regulations however is making some people skeptical as how that would end up being the fate of bitcoin, but the truth is for now, no one knows, and regulation to me should bring more good than harm and it is not like it will end up changing the decentralized protocol anyway.

No, that would mean collapse of all cryptocurrency industry. On in the opposite, it is only the beginning.
But if alts can survive and raise in rates while BTC would decline, that can be a great shift
Market capitalization can reduce at any time based on money flow and that cannot be used to depict the state of the future of a market. The same way it flowed out is the same way it can flow in at any time. Bitcoin getting a huge drop in price will simply affect the alts as well and in that case, some alts may end up getting badly beaten out of the market eventually, and probably will be the end of all the shit coins.
1443  Economy / Speculation / Re: Bitcoin breaking $20,000 again? on: May 24, 2018, 05:13:51 AM
I think the price for btc will grow to $ 20,000, but it will last only a couple of days and then there will be a rapid drop to $ 12,000-13,000.
Really ? Give yourself a big round of applause mate.. There we go the soothsayer who can see exactly what happens in the future and tell us exactly how it is going to happen. Although, there is a possibility of $20k acting as a resistance, and the fact that after breaking the $12k support, there could be a huge chance of coming back to test it as a support.

But you are giving an affirmative statement like you know it is going to happen exactly like that and forgetting that a lot of things can actually change before or after then. Always remember that in a market, anything is possible, so predicting the future should be totally out of it.
1444  Alternate cryptocurrencies / Altcoin Discussion / Re: More and more Scam projects on: May 23, 2018, 04:26:16 PM
We can't deny the fact that the average number of Scam Projects is always more than the Real One. I think, Scammers thinks that creating an ICO is the best way to earn - easy in, easy out - millions of dollar.

We need to be more careful more than before. If we want to invest, invest the long-time running cryptocurrency. That is much safer.
Yeah, the best way is just to be very careful and it is even absurd that some bounty hunters do not care about the potential of a project or the possibility of a project being a scam before they even help advertise the product. So in a way, anyone who is pushing out a scam project is as guilty as the scammer themselves.

However, there are just some projects you will never imagine could fall in that category but what is there is to just know that you can never have it all and by being careful, at least, you will minimize the risk of not getting paid due to scam or an ICO that failed.
1445  Alternate cryptocurrencies / Altcoin Discussion / Re: Huawei phones on: May 23, 2018, 08:58:49 AM
I see some of you calling them a huge rival to Apple, but from my findings, they are just there!

Moreover, being a phone from the Chinese space, I would rather stay away from their bullshit internal application store, when of course there are better phones like Samsung with the open source android application with multiple wallets you can download or rather just stick with apple which I can trust its security. So, that makes me wonder what makes their phone special or what are they simply excited about? You guys should better go buy a ledger nano instead!

However, I guess some of you did not even read the last paragraph to know the possibility of the Chinese government doing this which I for one would not be surprised.
Those associating them to be rivals are either simply stuck in their traditional age or they just do not know what to say. I totally agree with everything you have said as well, because let's face one fact, Chinese government is always trying to control everything and I would not be surprised if what US government is saying about them is true.

Plus, if because of bitcoin wallet is why people want to be buying this phone, then I guess they are as paranoid as the Chinese government themselves.
1446  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why hold ethereum on: May 23, 2018, 08:28:39 AM
If I could pick one crypto that suits for holding, that would be ethereum. Do you agree that this one is good for a holder ?

 It's more established than other alts in the market and  companies are adopting it.
Ethereum is very suitable to hold. because with Ethereum held to be able to increase its price. so that with increasing prices can make Ethereum more demands. when the enthusiasts begin to increase will generate many benefits in the future. so this is my reason for holding Ethereum.
Yeah, as long as demand will keep rushing in for it based on its smart contract usage on the high level which I even believe is going to end up booming a lot in coming years, then the possibility of seeing it climb up hugely is definite. There is a great use for it and that gives it a lot of benefit and advantage over any other altcoin to even be able to retain its position for long. For the fact that it is useful and will keep being useful, that is solid enough for any investor to be rest assured on holding it.

My only comma in the whole equation is that it is inflationary, but really who cares as long as it is creating those value and it has a lot of potential in the long run than we can even imagine. With that being the case, it is very much worth holding as an asset and a store of value based on its intrinsic value.
1447  Economy / Economics / Re: My Advice on Investing in Crypto on: May 23, 2018, 08:19:50 AM
Remember we invest so we can “work smarter and not harder.” If you are like me, you work hard at your job.  It doesn’t matter whether you work for a company or own your own business. We all work long hours which requires sacrifice and adds stress to our lives. Using some of our hard-earned money and investing for our future needs is the best way to make the most of what you earn.  Pay yourself first by investing.
Invest you are willing to lose not to invest you can't willing to lose from a hard-earned profit, this should be the most fundamental basis for all of the investments not just to cryptocurrencies but in general but people tend to be swallowed by greed or rush, budget your part of your investments and savings, invest smarter then profit later great post by the way.
The big concern with investing what you are willing to lose is that people just do not understand that context. They zoom their mind into the idea of a ponzi scheme where you can end up losing everything, but they are not getting the fact that, even though there is a future for this market, nothing is guaranteed.

Plus, there is a huge level of volatility but the only way to not get emotional when the volatility comes is to invest what you would not even be scared about and can easily wait it out for the long term benefit or even use those dips to buy some little more.
1448  Economy / Economics / Re: Any ideas of what we lack in crypto world? on: May 23, 2018, 07:10:34 AM
i think the infrastructure are lack in the crypto because there are many under development country that can't provide the need of the bitcoin to full support it
Infrastructure is based on the governance of each country and how ready the government is in providing that for its citizens. Although, I understand that could limit the level of adoption since there would be some who may not even be aware of the whole thing going on in the digital age, let alone, know how to take full control of their finances in the crypto world.

Things like this will take time though and for one thing I believe it cannot be that bad that most of these underdeveloped countries won't even have access to the internet at all, except that they may not have it the way developed countries may have it.
1449  Economy / Economics / Re: Lost Bitcoins on: May 23, 2018, 04:41:39 AM
It is highly unlikely that every owner of Bitcoins will all loose access to them,
and thats 21,000,000 bitcoins which wont be fully mined for about another 100 years
and it is true that the lower the circulating supply the higher the value, provided people want to buy it.

The critical amount of Bitcoins lost is hard to compute before it gives diminishing returns but its all subjective and hypothetical at this stage really.

In November 2017 this report came out that just under 4,000,000 coins have been lost forever but the rate of loss will slow down.
http://fortune.com/2017/11/25/lost-bitcoins/
I dont know on whats their basis when it comes to the total of bitcoins that is lost or just floating into the voin. 4M bitcoins is too much but well its possible. Imagine that we do only have 21M coins minus with that 4M and counting upto these days. There would really be a supressed supply which means if demand would still continue to rise up with less supply then expect we would really see high prices but minding these things wont really be relevant because we didnt even mined the last piece of bitcoin.It wont really happen in our lifetime then why we should care?
It is very possible. A lot of people in the past who probably mined bitcoin earlier with their system and had some bitcoin in return or those who bought some back then, over time could have just given up and just throw the access to their wallet somewhere they just cannot remember anymore and as long as those are lost and they have no access to the wallet or most especially the private key anymore, then they are gone forever and there is no way they can be retrieved, so we are only going to be left with those ones in circulation right now.
1450  Economy / Trading Discussion / Re: Hackers ? on: May 22, 2018, 05:59:38 AM
Actually there are not lots of hackers, but rather there are many scams and phishings. I don't know if anyone has been hacked and his coins were stolen so far. They are usually personal cases.

Yeah I've been hearing about scammers. Can someone tell me more about them and how to be aware against it ?
I guess there has been a lot of discussion about this online and even so many on this forum that could help you get your questions answered, but for the sake of helping others who may need an answer, the most important thing is to beef up your own security.

Always try to make use of additional securities like 2FA, SMS login, and make sure you are using a strong password on any exchange you are in. Disregard some emails as they may be containing some phishing links and you do not want to be putting your details in any of them and most importantly, before inputting your details on any site, always look out for the green lock button beside the URL.
1451  Economy / Trading Discussion / Re: Number One Reason NOT to invest in Crypto on: May 22, 2018, 04:48:42 AM
As for me the only reason is not invest in crypto is because it is risky. It is difficult to balance and not to lose especially if you lose patience when trading. It is necessary to be more competent in trading and treat it seriously
Is there really any investment that is not risky ?
One thing with cryptocurrency is the security and volatility risk but it is not something that cannot be avoided as long as you know what you are doing.

Regarding the security risk which is the main context of this thread, I believe that it is in everyone's hand and obviously, what has a hacker gotten to do with conscience, as it is left for you to know how to stay secured but I see no reason why anyone should now because of that stay away from crypto. Just know what to do and you will not have any problem.
1452  Economy / Trading Discussion / Re: Hello traders on: May 21, 2018, 11:25:38 AM
Some says that to be a trader is very risky, if it is really risky why there are still traders and more are becoming interested to be like this?  Anything that you can share and advice to a newbie like me is appreciated.

I also have thoughts like what you have questioned here, a lot of people who say that trade is a big risk, but that there is more here, more and more people are trading, I know every trade must have risks that will make we lose, but for whatever the risk if we have the intention to do it, of course we will be ready with whatever risk we will get later.
It is not about the number of people who are trading; it is the number of people who are trading with great knowledge. In case you do not know, gambling is risky, and what a real professional trader is doing is an educated gambling with a lot of tools to make use of, analysis to do and quick decisions to make without any form of emotion.

All the above, those are not something easy to do, but things you need to minimize those risks and unless you are ready to learn how to do your best, you really do not want to put your hand in the shark's mouth.
1453  Economy / Gambling discussion / Re: Why gambling is portrayed negatively almost everywhere? on: May 21, 2018, 10:05:01 AM
I don't see any benefits of gambling aside from entertainment and fun. Aside from that, there are more consequences that you need to face like gambling addiction, Lose of money and probably lost of funds, family and assets. Gambling has been portrayed negatively because many people are losing here and they are saying negatives things to anybody. People who lose in gambling will share bad experiences if they lose then the DOMINO EFFECT will happen. More and more will say negatives to gambling that is why it has been portrayed negatively.
It is that entertainment and fun that so many people have overlooked and since there is actually the possibility of winning a huge amount, they tend to focus more on that. Those who are actually gambling just to go have some little fun and end up paying for the fun, will never look at the aspect of winning much and if they do, they will know when to stop.

I go to casino with just so little I would not even feel and most times, I have two ways of stopping which is when I have finished what I have on me, or when time is up, but so many people will just want to spend their entire life in a casino like it depends on it.
1454  Economy / Gambling discussion / Re: Understanding Online Casino Bonuses on: May 21, 2018, 05:50:36 AM
What I like the most about the online casinos is the bonuses they offer. They offer bonuses up to 400%. This means for $25 deposited, you get $100 as a bonus. However, there are various hidden conditions and also there are some other types of bonuses. What is your opinion and experience related to online casino bonuses ?
Of course there will always be hidden conditions and the main thing about the bonuses is to keep enticing the young soul into gambling. Most of the time, the condition is to gamble it and wager a certain amount before you can even withdraw it if I am correct and the more you keep doing that and expecting to win, you will keep giving the platform more money to run their business. That is absolutely the way I see it anyway as someone else may see it otherwise.
1455  Economy / Gambling discussion / Re: Did the use of online gambling increase with crypto moneys? on: May 21, 2018, 04:59:24 AM
With the variety of different cryptocurrencies to use it does make it difficult for someone who is already into online gambling to not go this way.
If they started with sites like bet365 and paddypower and charging their creditcards for wagering on sports games which is the easiest sort of gambling for someone who isn't use to placing bets they would see it even easier still to be able to use cryptos to make those same bets with.
Honestly, cryptocurrency brought an easier environment when it comes to making payments, no involvement of banks, staying anonymous and so on. This has made it easy for those who have been into online gambling and those who never tried it before to easily open an account and get going immediately.

I would say though, that the rate at which new gamblers are evolving everyday as a result of this based on what I read in an article recently is alarming. Still, this community is spreading awareness against the dangers of gambling. Only those you take time to care themselves may escape.
1456  Economy / Speculation / Re: Not a good time to buy, according to this source on: May 20, 2018, 08:04:05 PM
Do you guys agree that now is not a good time to buy ?

https://cointelegraph.com/news/pro-btc-wall-st-analyst-urges-not-to-buy-crypto-now-despite-recent-rally

I think his argument regarding engagements is not a good reason, because if we have high engagement , then the prices will be higher. So the best time to buy is when we have good signals, and I think we have such indicatives now.

 So, what do you guys think? Is really not a good to buy?

This is the best time to buy bitcoin, because the bitcoin value for now is not too high and still within reach. Bitcoin in the future will be better than it is now, and it will be a good profit.
I really do not see any issue buying now as well for someone who is actually looking at holding a long position, knowing that you cannot time the market and the future is the main thing anyone should be focused on unless they have some little idea about trading that can give them an advantage to follow the trend in the market.

I understand that the market really does not look like it is ready much for an uptrend now, but nothing is actually guaranteed much based on how volatile the market can be, as well as how surprising it can get at times.
1457  Economy / Speculation / Re: Chinese ministry to publish 'blockchain ratings' on: May 20, 2018, 07:14:48 PM
https://bitcoinist.com/china-release-cryptocurrency-ratings-ranks-ethereum-1st-bitcoin-13th/

And here they are.

ETH is 1st. BTC 13th. Steem... 2nd?

This is almost as informative as those Weiss ratings which were going to transform the world, in return for a few hundred dollars to read them.

What kind of random number generator did they use? The numbers in that table are truly very random! Hahahaha.

China should be out of blockchain and Bitcoin land for good. There is no place for them here if they continue to ban it but want to have influence on it, instead of completely embracing it.
Just like the article said 'Echoes of Weiss' !
It is funny that a lot of people still pay attention to these punks when their own citizens hardly give a damn about what they are even dishing out.

It just seems to me that they are so in love with their controlling nature that as long as it is simply in their way, they just see it as a complete threat and try to see every means to degrade it. Unfortunately, they are losing it and they are as well losing every sense of reasoning that they have, if they ever had any though.
1458  Economy / Speculation / Re: Will BTC again Fall down at 7k?! on: May 19, 2018, 05:34:12 PM
The current consensus will make the price of bitcoin to go up again maybe 5 months from now, but the price will never go back below 7000$ again,thats what i see bitcoin is heading this year.
If it is about the consensus, we should have been seeing the likelihood of some huge buying momentum, but it seems the sentiment outside is totally different from what we are having in the market. However, anything is possible in a highly volatile and decentralized market, so the possibility of hitting $7k is still very possible and it is just a matter of time before we get to know.

I can see a falling wedge now though, and the bearish sentiment can only change if we manage to break out of it to the upward but for now, nothing yet!
1459  Economy / Economics / Re: Some advices and references for a newbie? on: May 19, 2018, 06:33:33 AM
Actually is not abou you didn't find it,  but you haven't find it yet. Just keep read all the topic on this forum,  you might be find what do you want to know. Because I did learned a lot of thing since I joined bitcoin and this forum had told me a lot. Goodluck
How on earth will what he is looking for be found on the forum? SMH ! There are so many resources online to get anything he wants and it does not necessarily have to be books and if it is all about books, there are list of books that I am sure must have been reviewed by some well learned fellows as well online and having the list should be able to guide the OP.

I feel as long as you know exactly what you are looking for and for the fact that this is a digital age where you can easily buy books on amazon or even get some freely online, it should not be that hard if you can do some research.
1460  Economy / Economics / Re: Investment in Bitcoin vs Investment in Education? on: May 19, 2018, 05:05:18 AM
I will never choose one the question either I like investment in bitcoin or investment in education because we can do that thing together without compromising each one. Investment in education is the great thing to do to have more knowledge in the way we live everyday to have a better job and not to  understemate by other. Investment in bitcoin is such a good thing while we still studying and gaining more knowledge because bitcoin is the trending platform investment today to earn extra money because bitcoin is the future curency and we can used it to have a good future in life.
Nice one. The thing usually is, why choose one when you can simply invest in both. They are equally important since you are investing in the future. Good education will help you get prepared for the future; bitcoin on the other hand can even ease things up for you in the future.

How about finishing studies, having huge capital to start building your dream and then be happy all round. In life, I always believe that every opportunity should always be taken, and as long as you can blend both, since all you have to do anyway is to HODL, and continue with your studies no matter how little you are investing is.
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