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Okay, one thing I do know for sure is that anyone that's creating cryptocurrency is doing it for the purpose of making money, even Facebook is not doing it for free, they are after the cryptocurrency business and how much they can make from it. But the money they make money is not pulled out of thin air, if it is like that, then maybe you should try pulling yours out of thin air as well. The coin is a stable coin and is going to be pegged 1:1 with the US dollars just like other stable coins are. That's why most institution are adopting it, if it wasn't stable they wouldn't have adopted it.
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Binance rose to fame like really fast, but anyway, I don't think that makes it the strongest or the biggest exchange there is. Binance is big, I know that, but there is Coinbase to compete with it as well. Coinbase is another big exchange and is even bigger than Binance. But their only problem and what makes binance to seem like they are getting better is because coinbase do kyc and lots of people who trade or makes use of cryptocurrency don't like to do kyc. So binance is beating them with that and another thing is that coinbase does not allow trade from every location, there are some countries that are restricted from reading with coinbase, whereas in binance anyone is free to trade. If they can take out all these rules, then they will be beat binance hands down.
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I don’t know if this is going to be for real cause I have seen similar news before which didn’t come true at last. But if they do so, then there is going to be lots of investors developing interest in Bitcoin and that will also make the cryptocurrency market (especially Bitcoin) to grow heavily. Let’s see till then if they will really do as they said. |
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Damn right, and I even heard the good projects are migrating from ethereum blockchain to tron ,if this continues it will affect ethereum so badly that we can start seeing price drop ,ETH has become the space for scammers ICOs haven ,I hope this will be fix in the future ,ETH is still one of the best
There are still many bigger projects who are using the ethereum platform for their projects and they are doing it because of its awarenedd. Many investors find it easy to invest in the projects which are based on the ethereum platform. Tron is just the platform which not many inexperience investors know and find it hard to invest in there. |
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If countries issue their own crypto-exchange system USAcoin, CHINAcoin, ROSSIAcoin, GBcoin, etc. Do you think which of them will initially be expensive and will show growth?
The value of each coin will always depend on the crypto market like their own paper money in which the strength of their currency will depend upon the Foreign exchange markets. If one of this nation will just insist that their currency is much expensive than the others without marketing then that certain crypto currency will not be recognize by the other countries making it for internal use only within their country. You are right, the value would always depends on each price and each price has its own range of getting the ideas into bigger and better one. Well we need to gather information what type of cryptocurrency that would stand for long because it uses the value of long too. The government launching a cryptocurrency will be of course controlling its currency so even if it is profitable, it would be prone to getting regulations by the government in the form of many taxes and charges which would not be profitable. |
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I do not use crypto currencies for my daily life because the crypto currency is not so widely used in my country and the government prohibits the use of crypto currency as payment so I have to exchange it for cash if I want to use it
I do not use my coins in daily life but I use the earnings from cryptocurrency. I make money in bounty campaigns and cash out my coins in my local currency and use that money. In my country cryptocurrency has banned and I cannot use my coins here and I till date no need to use my coins outside the country. All the necessities are available in my local market. |
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Of course, they always promise sky-high amounts in order to take advantage of greedy people. Of course such schemes are illegal, governments are fighting them, but it is almost a lost battle, because they grow like mushrooms. Warn everyone you know that participation in such pyramids is the only way to get into their pocket.
well, 333eth is also growing that fast, so maybe you shold check it. Also Ponzi is still profitable for early investors It is pyramid, no doubt, even developers admit that, but it is still brings money for someone This is the strategy of these Ponzi schemers that they give such a high profits and offer big things that catch innocent investors and give them little bit profit in the early days and when their investment rises, they suddenly disappear from the market. Thousands of investors lose their money because of such scoundrels. These people are also a poison for crypto market. |
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You should learn the both and eventually makes your choice, no crypto enthusiast should limit himself to only a particular aspect, you need some trading knowledge in making investment decisions, both type of trading all have different outcome and requirements. Particularly for a very busy person, long trading should be the best as you do not habw to watch the market all day while short trading requires constant monitoring
Actually, he should go learn how to trade first as he cannot make a decisions whether he wants to go long term or short term without learning. The shorter the term, the more the risks which is why a lot of people always end up preferring long term styles of trading, but the reality here is that, you cannot get the best from any style of trading if you do not even have the knowledge to pull through. At the end, the OP will just have to find which one suits him best in the long run, and that decision cannot be made without having some good understanding of how all the style of trading should be and the strategies he can use to trade them effectively. I think that both are good. Daily trade has its own benefits and longtime holding has its own. It is your choice and ability what you want to do. The aim is earning money no matter from daily trading or long term trading. In these days I think that long term in better option because there is no good sigs in the market for daily trading. When the market turns into good then start daily trading. |
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This year is much more only hype, speculatuion...and hope big investor came in... don't you know that among all of us is investor...try contribute to crypto that can use for real thing...can buy goods, can payment bill, can pay services, and many more...even is buy 1000 btc for pizza... don't laugh about stupid like that..cause of him that BTC can accepted in over worldwide...
An interesting description of the situation .. Everyone asks where investors are, but no one asks why I dont invest ? ... I think the change in the market trend depends on ourselves - we just have to belive in this projects and invest in them! Today the market is suffering from great corrections and there are no green signals in the market. If we want to get out of this bearish situation we must motivate small investors to put their money in cryptocurrency especially bitcoin because bitcoin is the leading crypto in the world and the rests of the coins depend on bitcoin price. If bitcoin rises, other coins will also rise. |
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Ok! I was actually trying to get reasons why people get addicted to gambling which we all know is more self inflicted. However, I came up with this theory for someone who may actually want to gamble and then would not want to get addicted based on trying to fix their mentality about it and I would like to seek your opinion on what you think about it, if it can actually end up working for any gambler or not.
The theory is;
If you want to gamble, see it more like you are paying the casino or gambling platform to have some fun (just like you do to go watch some movies in cinema), which if you are paying for anything, you are not meant to expect it back. The good thing however is that, you can actually end up being paid more for having that fun if you get lucky, but the chances of seeing that happen is pretty slim. In that light, if you cannot actually live with doing what I said above, then you should not be gambling at all.
Does this sound like a mentality that can help anyone understand what they are in for if they indeed want to gamble or something even those who are tending towards addiction can set their mind to so as not to get into that deep gambling hole that is hard to come out from?
Actually more people knows that winning from gambling is very slim but still they want an easy way to become rich person.If people don't want to get addicted they need to limit themselves and understand that this is just entertainment,they are spending their money to get fun.But still we can't convince the people they do what they want so better save ourselves from any addiction is the best we can do. This has become big problem from people. They don’t want to lose this option because they want to earn easy money. But yahoo know the interesting thing that is true in so many cases, people do know that this game is hilarious and detrimental results can be made. They know they wouldn’t be earning any little penny from this game but still I ant sure why this is happening. When they are ready to lose their money to get more money which is the first mistake of the people because gambling is not like investing or doing business so where we cannot make money from our skills we just need to rely on the luck.Its okay lets decide their fate by themselves. People become addicted because of greed. When they win money in gambling they want to earn more and more but in vain. When a gambler loses money he tries to get his money back but in vain and due to this regular gambling a person become addicted and then living gambling is difficult and may impossible for them. Fixing a time and money limits may help in this regard. |
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someone who marries young, they will be motivated to work harder in finding money for their small family, and we know for ourselves, that businesses will never betray results, instead the family factor makes a young man more diligent in working
and if a family has ten children, it's also not a problem, because every day there are also humans who die. that means, regeneration will continue to occur
Early age marriage is not a problem but having children in early age is a problem. You and your partner can handle all kinds of situations but when you have children then you cannot survive in your present income. You will have to work hard and earn more money for your children. But faith in God will never make you disappoint and you can spend your life well with less income. |
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I don't believe in Litecoin, I think this is one of the useless altcoins, he's a lot more profitable competitors. Sold all my coins in March and still it continues to fall, I think I did the right thing, if I'm wrong I'll re-buy Litecoin.
Litecoin is a coin that is developed by someone that know what crypto is. I don't believe in it, people like to trade it because it has a lot of purchasers. To some extent you are right because there are lots of good and promising coins in the market and people have no much money to invest in all these currencies. Therefore they choose the one they like the most. Litecoin is not listed in that coins and most of the investors do not buy litecoin for profit. Bitcoin, Ethereum, Ripple are the best coins for investment. |
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For me trading can be briefed into 3 steps:
1.Patience
2.Controlling greed
3.Controlling fear.
If you can follow all 3 mentioned above, you can be a successful trader.
Patience -- Wait for the right oppertunity to take a trade.
Controlling greed -- Fix up a target and close your trade whenever it hits TP or close a part position and let the other run with BE SL.
Controlling fear -- Do not get panic if trade goes against you, if it is going against you cut your loses short and wait for the next trade, keep a SL at as per your risk but do not wait to get it hit.
I would like to add one more in these three and that is passion and love for work. If you are enthusiastic to trade in crypto, no doubt you will succeed in the future. Courage and patience is mandatory to bear the rough situation of the market and don’t afraid of such bad conditions. A smart and skilled trader will make his way in these dangerous situations of the market. |
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Yeah I think the advantage is that you can get profits quickly and maybe you can get it every day, even though the benefits you get are small, because you have to make the best use from the margin price, but the risk will be far greater than holding it right?
Depends on the current market situation. if its a bull market yes you can earn profits quickly but in bear markets like what we are experiencing now, its hard to be a day trader. You have to chose carefully or else you will end up shifting from day trading to long term hodling. for day traders, setting an achievable goal is important. Setting a 10% profit in a day might not be a good idea. Day trading has benefits and risks as well. Day trading needs more time and experience and if you have these two then it is confirmed that you can make good profit on daily basis. You will not have to wait for long. In my opinion day trading is much better than holding coins for long time because we experienced that long holders of last year lost big money due to fall in the price in this year. |
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The next crisis? I think the country that I live will face a new crisis, where the price of the US Dollar is skyrocketing, and according to information that it is also the result of world financial turmoil and impact on developing countries. And the government is currently working to restore this situation, with various solutions, although not yet seen significantly  Developing countries always face financial crises. The will never overcome their financial problems. i have seen world financial crises seldom, but it is a fact that when one country faces financial problems his neighbors also in hard times. Imports and exports of a country affected. In the near future I heard that Dubai will face great financial crises and expo 2020 will not help them at all. |
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It's not prediction it's only statistics for last years. Every bull market bitcoin grow approximently 16x
2011 year : (1$-30$) ,
2013 year: (100$ - 1149$)
2017 year : (1000$ - 20000$)
Last bull market was ended in january and on the statistic bull market continues approximently one year. Bearish maret on the statistic continues approximently 10 mounth and if look on past periods, next bull market begin in october - december 2018. Therefore based on past years can to make computation next price bitcoin:
2020 year: 6500$ x 16 = 104 000$ ?
Guys it's only statics as per past years, don't accept this how accurate prediction future.
In some four to six years to come we should be trading bitcoin above $100,000. I think now should be the best time to invest in cryptocurrencies. Bitcoin has the great potential to move in 1000x in years to come It will never happen till the rest of the world. $100,000 is very huge amount and I think it is not good to put this huge money just in one bitcoin. In my opinion if the price crossed $20000 the demand for bitcoin will be reduced because if there is little bit decrease in the price investors will lose lot of money. Therefore I think that the current price is very reasonable. |
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No one can tell accurately if it's going to duplicate its success, this is the only year in Bitcoin's 9 year existence that the price did not go up better than the previous year, but it's still profitable to invest in Bitcoin, because Bitcoin is still making a lot of news world wide.
It may, it may not, we will never know for sure until it happens. There is literally no one in the whole world that can properly judge what bitcoin will do in an hour let alone until the end of this year. Hence no matter what people have said here either the ones that said it will or the ones who said it won't doesn't know anything about it and just making up things. There are professional traders in stock markets who lose money all the time, finance is not something you always come out on top, it is just not built that way. You sometimes win and you sometimes lose but in the end you hope your wins are more than your losses. |
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Now when people first get into cryptocurrency they tend to buy and hold. But one thing they don't understand is buy and hold us great for long term profits but in the short term your earning nothing. By day trading or swing trading you can maximize your profits on down trends and uptrends. Although this may seem intimidating to many people who have never looked and a candlestick chart before it's not that complicated.
Now this may seem obvious to Many but it's really not much more complicated than the the term "BUY LOW-SELL HIGH". If you look at a candle stick chart and you realize a downtrend in a certain period of time and you predict that it will go back up than BUY LOW. Keep watching it till it goes up and SELL HIGH. One thing to remember is sometimes you have to cut your loss so setting a stop loss can be a good tule to use.
It is good that you want to start trading. Hope that you have gotten experience and knowledge about crypto trading before jumping into it. Crypto trading is very technical field and you must prepare yourself for good and effective trading to avoid big losses. Don’t make early and immediate decisions of selling or buying and make sure that it is good decision and the time is also the best. |
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At present, the market is experiencing a global correction. Someone attributed to this the manipulation of large players, some think that the cartel wants to bring down the market, but that's what I think about this:
1)Earlier when the first crypto currency (bitcoin) was born, there were few about it, that was heard, there were only enthusiasts who were interested in the mine. Here they are the first holders who sold them for 1-10 $
2)Then the game involved people associated with innovative technologies, which had large extra money, that would buy them bitcoin at cheap prices from the first miners. Thus raising the price to $ 100
3)But since after such a surge in prices, the first holders sold all their bitcoins, bringing down the rate. I do not think that in the past years 2010-2014 these were corrections. Most of all it was the draining of the first players who were happy that they sold so dearly. And they thought that the bubble burst
4)But large holders, all bought out and dropped superfluous players. After that, a good news background started, carrying a missile called bitcoin far into space.
5)People have heard from all sides what bitcoin is and that it grows very fast. Without understanding the market, despite the graphics, people bought bitcoins, selling apartments and getting into loans. By that, they carried the missile far into space. But the day came when the big The holder decided not to wait any longer for the end of the galaxy, but decided to sell his bitcoins ...
6)And people bought everything and bought ... And when the buyers were over, the sale of those who bought not long ago began. Then the sale of those who bought at the top was started. Forming with this a snowball, flying down. And now those who did not dare to go to market, not having had time to click on the buy button for $ 20,000 sitting and rejoicing that they did not come here. Sometimes glancing at the low rate
7)But we know that such a low price is an occasion to buy crypto currency. I'm sure that there will not be such prices any more. When players who sold bitcoin for $ 100-200-300 pumping a rocket with fuel began to enter the game. TV to say that the bubble does not burst, but grows. And the race of those who will buy for expensive ($ 30,000-$ 50,000) from those who buy now will begin. The choice is yours when you buy ...
Nobody knows when exactly the market will get back up. I have seen a lot of people talk about this and in April it seems like the price was going to rise when it got to $15,000 but unfortunately that was even when the worst got in, cause from that rate of $15k it then fell to $7000. Then another news came in that the price will rise, from $7k it got to $11000 and then fell to $6k, lol. Let’s see what will happen before the month of December. There are corrections, fluctuations, and volatility in the price for several months. But you should bear this situation. Impatient people cannot make money in crypto world. If you think that the market is not good forget about your holdings for long time and never look the price. In the future when the price rises you will get good profit without doing anything. |
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I doubt that bitcoin can rise again because every 3 years it can be seen decreasing for 1x. You can see the price of BTC in 2014 decreased by 45% - 47%
It is a good option actually to buy this low price and if yu if it has being falling then you should also see that last year aslo saw the highest price ever the btc has reached . So with he rise we do have the fall and this is how the crypto currency works as being volatile. base on chart analysis at 6hr chart the symmetrical triangle that formed from july 24 to october 6 resistance was broken and we have seen the support level from february upto now is so solid thus there is a great chance that from now on bitcoin will gradually rally upward, so its a good time to buy now i think.  I think there would be no big change in the price of today and at the end of the year. The market is red and there are no green signals in the market. The price rises one day and downs on the other day. I think that if this situation continues for some time the price will remain the same till the end of the year and there would be no bump in the price. But the current price is good for investment. |
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