Bitcoin is a unique currency. It's not meant to be like fiat.
One of the reasons it was created is to address the fiat inflation problem. Besides, if you remove the deflation feature you could aswell remove other important features when it suits you.
I think applications built ontop Bitcoin could be used to address some of the challenges or perceived problems of Bitcoin instead of trying all the time to change Bitcoin or even trying to control it centrally.
You could create a special marchant application to keep Bitcoin price stable for only the application users... while price continues to remain volatile on main markets. The app could be built to wrap Bitcoin around stablecoin like tether. And the normal Bitcoin symbol (with small "s"... s for stable) could be used on the price tag. With this app, a 10,000 worth of car could be tagged at "10,000sBTC". When a car buyer sees a Bitcoin symbol, that should be slightly different from the normal Bitcoin symbol, he/she knows it is for Stable-Bitcoin. He downloads the payment app and makes payments.
The seller can set the app to unwrap the bitcoin back to the normal volatile market value.
Yes, bitcoin is the complete alternative of fiat. Also it is addressing the problems for which it was created. It was meant to deal with the financial problems of people who are not stable much. If we look at its today progress it is playing its role very well. If we talk about the challenges faced by this, then challenges are the part of every business. Creating applications is a better idea to treat the challenges. |
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I believe that people who rely more on Bitcoin are the less developed countries whose inhabitants find ways to survive and thus see Bitcoin as a heaven-built avenue. Therefore, they are struggling to turn their little fiat into bitcoin to exchange or hold fast-growing expectations. Countries like the U.S. with a good economic base won't have too many people dependent on keeping bitcoin, the government has taken care of the basic needs like employment.
That is very true, bitcoin is getting popular and familiarize in the areas where people are not financially much stable. Usually the young generation and students find this market interesting to work. They use it as a mean to earn for their daily living. On the other hand in developed countries people have multiple opportunities for earning. |
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Decentralized cryptocurrencies take power and control away from the government. They can just print as much fiat currency as they want, but they can't control the number of Bitcoins created.
There is this division of power among the state and the citizens. Bitcoin take that all power from the government and gave it in users hands. This lose of power is not accepted by the government in any case. Government never want citizens to take hold of the power, it want them under their command and control. |
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For now, I don’t really spend it because it hasn't reach the value or price where I want to sell it. However, if we don’t spend and Bitcoin will not circulate, how can we know that full potential of it? If I am a merchant, why would I add Bitcoin as a mode of payment in my store if no one will use it and people are just holding it.
We all have different ideas in our mind, there are mindset who think about holding their bitcoin because they speculating and they are hoping that the price will become a valuable. There are also a mindset where they spend their bitcoins because he/she thinks that he can buy conveniently with the use of bitcoin. The last mindset that I know is the people who keep trading bitcoin in order to increase it more. Yeah right, different views regarding to this topic but you can balance between spending and holding your bitcoin especially if you are really into this business. Balancing is very important as what we are seeing right where bitcoin is heading up once again. Those who hold a month ago will surely enjoy what they are seeing right now. Due to this fluctuating nature of this business balancing is very important. It is very true it gives you benefit in both ways. But one who deal with bitcoins on daily basis and are really into this world should deal with it in both ways. He should use it in his business at the same time save it for backup purposes. |
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nowadays Satoshi's identity has turned into a source of income for different people! from these low quality website that keep creating clickbaits to the big scammers like CSW everyone is trying to make some money from it!
the worst part is that there has not been anything new for at least half a decade. everything is the repetition of all that has been rehashed a million times.
Exactly !mate, I don't understand why people still follow and believe anything others create or post about the identity of Satoshi Nakamoto. People need to know and understand that knowing the identity of Satoshi Nakamoto is not really necessary of mass adoption of bitcoin and it will not add any value of it. Right, knowing his identity has no business with anyone of us. Whoever he is, what he has created is helping us in many ways and we should focus on it. Instead of focusing on who Is the creator we should focus on how we can use it in our daily lives, how we can create awareness among people about it and how it can change our lives. As it is the best alternative of national currencies and can be used in many ways, people should focus on this point. |
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yes This year halving is expected in May, and surely it will pump the price higher this time also. When the miners will be rewarded by half the number of bitcoins, by reducing this number the supply of coins will be decreased and this will increase the demand of it in the market. This Increase in demand will lead to sharp increase in price. History will be repeated and halving will take Bitcoin higher.
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how can i move this post there? simply copy paste there?
Use the move topic option on the bottom left of your thread. Regarding your topic, the luxury market is too specific. There is already a project that aims to tackle that area but I dunno how they're doing right now after the token price got dumped due to low demand. It is called Aidus IIRC. I don’t think so it is worth using cryptocurrency as a source for luxury items as many people are not familiar with it up till now. No doubt, its value is increasing day by day but it still need more time to be known by the common people. I hope we will have more users by the end of 2020. |
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I am not much of a fan of long term trading in crypto. See, if you're going for profit in cryptos with least risk possible, swing trades are the best option where you trade till one short term wave ends. In long term, your investment will go through many manipulation and uncertainty which isn't really healthy in case of cryptos. Also, earning greater percentage isn't that tough in case of crypto, so I don't really see a use of long term trade in crypros.
I also agree with you that long term trading is indeed less profitable compared to swing trade or daily trade. Because of the long term trading had to go through a variety of market manipulations carried out by whales, honestly this looks unhealthy to do. Especially long term trades the profit generated will not be as many as daily trades that can generate profits almost every day. This is the reason why I don't choose long term trading to use. I also prefer short term trading for those who are actually not much experienced. Long term trading is not easy at all. You have to keep an eye on all the events regarding fluctuations in the price of the currency that you are currently investing into. Short term trading is not a way to earn big profits but yet it could serve as a source of earning money in a little time. |
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I myself also don't know how to get big profits now because with current market conditions it is difficult to trade, the price of coins is not so profitable that I also become hesitant to start trading, I hope luck will be with me so I can get a big profit again
We should adapt based on real time market condition, if we cannot make a big profits, don't force us to make it because it will just lead us to loss. So we better manage our profits, it's okay little profits but if we do it many times it will equals to big profits As a trader it is very obvious to make huge profits in trading cryptos these days is like a mirage the market had not been creating trading opportunities for trading however the little profits earned can be compounded to big using a strict money management and disciplined trading. It has become difficult to make big profits in the world of trading nowadays. The reason is that economical stress has increased over the years due to increase in population and moreover the financial state of major leading regions in the world is changing so fast .This is not easy to manage and hence big gains are a rare event. |
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Most people who know cryptocurrency will choose using crypto for gamble because they see that when they used crypto, they can hide their identity from the government and the banks. They can play gambling on any site which has many options for the coin to gamble, so they don't have any problem with the process verification. I think in the future, the crypto gambling industry will become popular than the fiat gambling industry because people can gamble on many gambling websites without verifying their identities. And the best is they can play gambling in their home without going to the gambling places.
I doubt you can hide from the government or banks because once you get to win a lot, at some point you'll run in to the problem of cashing out your money. There are exchanges that don't do verifications but eventually it's getting less and less as countries are starting to notice the demand for cryptocurrency exchanges. No, I cannot hide from the government because they will be suspicious of my bank account, and they will investigate me, and ask me where the money comes. That could be true that the exchanges will apply verification to avoid the illegal use of the money, and they want to help the government to prevent the bad thing that can come later. At that time, we can get trouble if we don't follow their rules, and that will make us cannot withdraw the money. Then just give the government the right cut if they ask through "taxes"..we can always hide with our government if we are smart but most people can't so they easily get caught and if they don't have the knowledge to hide, they should just comply with the rules to avoid problem in the future. let's just enjoy while there are still exchanges that don't require KYC. If we used crypto, we could hide our money from the government. We can hold the money in the crypto form, and we don't convert that coins, or if we want to convert the coin, we can use the exchanges as the store of the money. Or we can use a wallet which supports to store the stable coins. Yes, we can use the exchanges that don't require KYC so we can hide our money from the government  Gambling must be done using the cryptocurrency because this is the best way of making your actions anonymous. In this way even if a person is involved in some kind of illegal activity then that is not notified to the legal authorities. Crypto currency has no static identity and is not controlled by the government so it is easy to be used as compared to the fiat. |
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I will just assume that you are a newbie because if you are not then you will not post thread like this here  . As a newbie in trading, losses are inevitable so you will experience losses along the way. I see 2 mistakes that you did. 1. You are a newbie and yet you invested a huge amount of money. Now that you lost, you can't take it. As a newbie, just invest a small amount of money first. 2. You trade using your emotions instead of your strategy (if there is). One mistake of a newbie is they are trading thru their emotions and you saw the end result of it . Take this as a learning and at the same time, try to research more and then go back to trading if you still want to trade. If not then find another way to earn cryptos  . you are right for newbie better to start from the small steps. First of all, do not prefer investing large amount of money as it is quite sudden and unpredictable that what change is going to occur in terms of the value of the currency you are currently investing into. So, take consultancy from the ones who are experienced and do not prefer to use your coins quickly.try to hold them for some time. |
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I guess the lack of attention is why it could be a bad idea. When you're just casual hitting buys and sells hoping to make money then it doesn't matter, but real trading takes a lot of focus and discipline that comes only when you're spending a lot of time in this field and learning this field. What I've heard from most people is that this fixation is very easy to break, which is why most people trade in their homes with proper desk setup in a clutter-free environment. Office will bring some nuisance of its own which could make your trade less effective in relation to your job
Short term trading could be done this way. But once you are into this field with all your energy, then it is required to maintain your focus just on trading and avoiding everything else. Office work could not be handled perfectly with trading. Trading is a long term process so I think that preferred method is to keep the two works separately. |
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There are risks in every investment, in order for us to gain profit we should handle the risks first. In cryptocurrency trading there are many risks, we cannot guarantee 100% winning rate because of the volatility of the cryptocurrencies. We can identify the perfect entries and exits in the market if we will use technical analysis but there are times that our biased did not get along, what I mean is loss is inevitable in trading.
If predicting loss was that easy I am sure none of the traders would actually have to undergo any losses. Peoples have different strategies which makes them able to trade and have profits and with deep TA we can really make sure we do not go for loss buy building exact entry and exit points for us but it might not always go according to our research. Cryptocurrencies have a volatile nature and trading with them might give us huge profits as compared to forex trading but the amount of loss too remains constant because of their volatile nature the price can quickly move up as well as it can even move down at the same speed. Analyzing forex markets is easy and it might also give us profits because of them being centralized and those markets are not that volatile as the cryptocurrency markets. Cryptocurrencies have volatile nature. This is advantageous sometimes and could become a reason for loss as well. Actually volatility of the coins is a necessity of the digital market. Constant prices are not preferable when utilization is to be done at such a large scale. Moreover cross border transactions occur very commonly that serve as a balancing factor that keeps the things moving smoothly. |
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Trading really needs confidence in a right timing. Risk takers are more successful than those lesser ones. Though the risk is also higher but mostly if the timing is good they'll definitely make best profit. Excessive confidende may sometimes fail. Some are very aggressive to the point that they missed out some factors to consider. However, excessive confidence also gives a strong and determine traders.
Confidence is a factor that counts n trading. Actually one has to make some quick decisions. No one knows that the coins he is going to invest into would lead him to a profit at the end. This problem could be solved with help of the consultants who can give you some reasonable suggestions for choosing between the coins. Moreover previous experience regarding crypto trading could also be beneficial in such circumstances. |
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The increase in traffic is mostly due to countries now developing and starting to have stable electricity and phone lines. The creation of the smartphone also played a big part. Even people who can't afford a desktop would be able to go online and engage.
I can't see ways blockchain would help with this currently. From my understanding, with blockchain everyone "hosts". Imagine all that we do on the internet now, how much size that would take.
I agree smart phone comprises the larger group of online user traffic IMHO. You don't need to have a pc to go online, but a simple , cheap android phone will do. It means also that more people are getting hook online, which is fast changing the way we live. It changes work as you can telecommute now, more are becoming Homebase,it changes the conventional way we transact business. This is why there are majority of the banks which provide customers with online banking facility just because they want to carry all in their cell phones. People don’t appreciate visiting banks and probably this is because they like doing all online. Crypto is that is why adored by people. They can handle it easily from cell phones apart from mining. Yes a simple android works great for just buying and selling of coins. |
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It is no longer a new thing, everyone knows already that Blockchain is the main thing, though I don’t really think that Bitcoin will come to an end, maybe other cryptocurrencies would but as for bitcoin it’s going to be different because it’s going to survive. Blockchain is really important, there is still a lot of areas to be explored when it comes to Blockchain.
It is believed that Blockchain cannot only be used for transaction but for other purposes as well, like voting, monitoring supply chains, digital ID, copyright protection, and a lot more. A lot of companies are starting to adopt blockchain, and very soon Government will start adopting it as well.
These areas are great if explored, in this way blockchain technology would be more acceptable by people. There is nothing surprising that big organizations are already much into blockchain such as Facebook and that is why it is bringing up its own coin in this year which clearly is a sign that crypto is new investment for tech companies. In this decade, crypto will be almost used by every country. |
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I don't know if you guys would agree with me on this one or not but I had another idea about halving. Instead of buying right now, I will wait until halving and after halving if price doesn't go up like everyone expects then there could be a lot of people who will sell their coins, which means price will fall. I will buy from that fall and after I bought it I will be patient, maybe it will take a week, maybe a month or maybe even couple of months but eventually it will go back up and I will profit.
Do you think that is too risky because price may continue to go up until halving, or do you think there is really a possibility of price going down in disappointment after the halving? Am I making it up and there is no way of something like that ever happening?
Bitcoin including whole crypto market has been in bearish phase for much longer time now and investors are exhausted by observing down graphs. All this hopelessness will boom if even after halving the prices don’t go up. That would not only be risky for the market but also very disappointing for the investors. I personally feel prices will go up in order to sustain market and you shall buy few coins in order to enjoy halving. |
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in other bitcoin / crypto trading. everything must be balanced. about analysis, strategy, information, feelings. because all influences. someone is too confident, I think will only make a loss. too scared to start. will only lose the opportunity. bad analysis, will make trading mistakes. wrong strategy, will lose profits, inaccurate information will only trap in the price. so, to start everything. one must understand about trade. and don't be afraid to start.
The success ratio of traders' strategies is often not the same as market conditions, it is very difficult to balance. Many end up trapped in the fear of losing unwanted loss, I don't have benchmarks about the term excessive trust, but it is clear that this feeling must be controlled to ensure what to do with rapid change of tactics, this kind of confidence that must continue to have. I agree with you. Trading is never all about luck. to ensure that one would actually make it to earn some profit, he must have some background knowledge about the kind of trading he has adopted .If you are not sure about the step you are going to take in terms of decisions about the exchanges, then it is better to consult someone who is more experienced rather than becoming vulnerable to losses. |
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Does gambling have a main purpose, to start with?
Do you believe we are here for a reason?
If you had no time to waste in your life, would you still gamble anyway?
some interesting questions
will love to read your answers.(and more questions)
Its main purpose should be to give entertainment and excitement to those wants to have it, and not to make money out of it, because it's really hard if you are going to do that, and I will not gamble at all if I have limited time in my life, but of course, it's a case to case basis there are people who gamble for money. People have different views on gambling, there are people who see gambling for fun but the majority of the gamblers are seeking for profit. It is the reality because in gambling there are only 5 outcomes and these are win small, win big, lose small , lose big and the last is breakeven. I'm a type of gambler who seek both fun and also profit, if I'm bored I play gambling and also if I'm broke I also playing gambling. I think that gambling has no purpose to get started .Usually people fall victim to it when they find it interesting to play such games or try to seek entertainment. But as the time passes people try to seek monetary benefits from it and hence gambling becomes purposeful. All I can say is that either it is for fun or money; one must keep some limits for himself so that he won’t face any loss in future. |
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The decision should be yours to make, you shouldn’t let anyone tell you what to do. If you are interested in trading then you should do that. And as for those that are telling you that there are lots of risks in trading, well, they are saying the truth, there are lots of people who lose money in trading but there are still a few that makes a lot of money from trading and they are still human beings like you, if they can do it you can as well do it.
Long term Hodl/Investment, as they say, is very easy and there isn’t really much work to do in it, you just have to find the right cryptocurrency and invest in it for a long term.
Agree. You need to decide on everything and to do this you need to have good knowledge related to the market. Most new investors will tend to choose more long-term investments because this is the simplest way to make a profit. However, it is not always profitable because the crypto market is very volatile and often turns red very quickly. I have been staying in this market for a long time but my trading and investment experience is still very bad so I will still try to improve myself to be able to earn stable profits in the near future. Then there is something wrong with your strategy of investing and trading. If your result is still bad then look at your past performances and check the strategies that you used so you can see if which is not working and that is how you can change your results. If you look at your mistakes and change it for the better then your experience will be now turned into a good one. Yes, in trading maybe strategy of each person is different. Good for us maybe not good for the others. That is why each people really need to find strategy that suit for them. Like what you all said, maybe this maybe that and OP can try all our suggestion here and if he really like, he can use the strategy that he think really fit with him. Both long term and daily trading could be beneficial .This is dependent upon the nature of the trader as well as t5he kind of experience that the person is having in this field. Trading is all about experience as well as the knowledge about this profession. This is not the case all the time that you will win. Loss could be on your profit so you need to be ready all the time. |
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