Show Posts
|
Pages: [1]
|
1
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin ETF
|
on: August 06, 2018, 06:13:51 AM
|
One of Bitcoin's major strengths is that it is open access. Its inevitable that banks, financial firms, etc. will get involved. You can't stop people you don't agree with from using Bitcoin however they choose; if you could, it wouldn't be Bitcoin. I don't like the magical derivatives tracking some index price thingy not actually Bitcoin ETF mumbo jumbo, either... But Bitcoin will survive this, and continue being Bitcoin. It will continue being the most secure, open access, decentralized, neutral, censorship resistant network in existence.
|
|
|
3
|
Economy / Speculation / Re: When Will the Bear Market End?
|
on: August 05, 2018, 08:34:54 AM
|
This is not advice at all, just a simple method I personally use when there are dips or the market is in bear territory. I originally bought during the peak in end of 2013, watched as my modest amount of coins slowly trickled down in value for almost 3 years. Thankfully never sold (heeded the best advice for long term; "don't put in more than you can afford to lose")
It's quite simple, I have a small amount I keep to spend on crypto per month. A fixed budget. Any time there is a dip of close to 10% in the market I do a little "shopping". Typically pick up interesting coins or tokens that I've had my eye on in the past or ones that have caught my interest recently.
I consider myself to be quite cautious and risk adverse by this stage, but I certainly would not trade or take part in buying/selling, I am in it for the long term - and this is by no means some investment strategy, it's simple, stable, cautious method I use than keeps me psychologically happy with the situation
I'm actually excited to see a "significant" dip. Alternatively I am naturally happy when the market goes up. Of course I have no idea what will happen in the future, but I do know what's happened in the past, and anyone who has bought during dips in the last few years and held onto the coins has generally done well (of course traders and good knowledgeable buyers/sellers have also done well, but that's a different sphere)
In order to keep "real-time" track of the market I use a portfolio app on the phone, load in imaginary amounts of the top 50 or so coins, and that is a fairly good indicator of which way it's moving and how fast. Any time I spend some fiat to buy coins, I replace it immediately and keep it ready for the next dip (again, this are small modest amounts).. all the while sticking to the budget
Again, it's more psychological than any sort of advanced investment strategy, but my portfolio has only grown in value. This market (so far) does reward patience, it also rewards buying when everyone else is selling - a cliche I know, but so far has worked ok for me. Plus it keeps me happy (I'm a cynic and a realist about crypto). Just thought I'd share.
|
|
|
4
|
Bitcoin / Bitcoin Discussion / Re: Bitcoin is an future money with high in position
|
on: August 05, 2018, 08:29:52 AM
|
In the future every company and business will have its own cryptocurrency, if you need to buy a product or service from a certain company then you must first buy your cryptocurrency, this in turn converts it to bitcoin as the backup currency of all those cryptocurrencies of all companies , which will raise the price of bitcoin every time more companies create their own cryptocurrency, in this way bitcoin will become the gold 2.0 of the new world order.
|
|
|
5
|
Alternate cryptocurrencies / Altcoin Discussion / Re: Initial Coin Offering and its advantages
|
on: August 03, 2018, 10:36:16 AM
|
The benefit of ICO, what i like to explain in two way as two different group meet to create one new project success. One group is ICO creator which may be a community or group another one is ICO investor.
Benefit of ICO for ICO creator:
Initial Coin Offering or ICO is a great mean to raise fund so quickly, some ICO even reached to hardcap with in one day. So it opens a huge fund towards the startup business. These fund can fulfill one’s dream project and help a new innovation.
Benefit of ICO for ICO Investor:
Since ICOs are in promising state and not many people like to invest on a startup business, ICO sale going on with huge bonus offer and also price is cheap at the time of ICO (exception is also there). People are always search for new crypto currency that will give them more return than bitcoin or ethereum holding. Their hope may success or not but a successful project may give you huge profit. I like to share one experience which is with Cappasity token, the price of cappasity token from ICO(since two month) to now it is 10 times more. So who are holding Cappasity on ICO period they are getting 10 times increase of there bitcoin holdings. But not all project will be successful, many companies are creating ICO and implementing blockchain but not all are profitable, do full research before investing in any ICO. You can follow coinkhoj - initial coin offering list to find one best ICO to invest.
|
|
|
|