Latest posts of: Wysi

Quote from: alexsandria on October 28, 2019, 04:18:40 AM

Quote from: Kvalentine on October 27, 2019, 11:12:45 AM

Since all this while that mining altcoins have not been profitable like before i don't bother to keep mining coins so i just lock my mining rig in a room and now that bitcoin halving is knocking on the door i think its a good time to start mining even if its not profitable? i believe if bitcoin surge over 30k altcoins will take the ride we've been waiting for, anyways, what do you guys think? good idea or bad ?

Might be a good idea though. But is it worthy and profitable in your place? Your alts would be on hold I guess but you have to sustain you maintenance in your mining stuff such as electricity. It will sure pay you off alot soon. Mining is good for people who lives in a cold places, heat doesn't add upon the cost and they are away from damaging their hardwares plus they do have a low bill of electricity. But if you aren't in such condition plus you do pay higher bills and then you mine alts a little bit then I guess mining isn't worthy for you mate. But it is still upon you to decide.

If you get free electricity then I would say mining is worthy because the amount of commissions you get from mining does not even suffice the electricity and Internet bills and mining is not for everyone and many of us end up losing our investment which we make to buy the components like miners, graphic cards and all. Trust me this is not right time for mining and don't waste your time and money behind it.

Quote from: Eclipse26 on October 28, 2019, 08:30:23 AM

Their nature being decentralized? I don't think so. Blockchain is a technology created to alleviate people's way of living but not to extend it can get their power back against colonial people. We're talking about decentralization but let's not forget that blockchain technology also has limitations. Technology might help them but it's not the main factor. What they need to achieve their power back is to use their power as individuals.

If blockchain technology is used with an aim of stabilizing the economy by minimizing corruption then it will help the nation but what if those colonial leaders don't want to give up corruption? They will never accept blockchain, I feel bit coin can help semi autonomous nation like Somali land as they are a developing nation and government their works for betterment of people and blockchain technology will help them to make lives easier and data accessible to everyonebif everything is based in blockchain I mean government's financial transactions.

Quote from: Ailmand on October 28, 2019, 07:42:53 AM

There are a lot of big investors in China and I think a big portion of bitcoin is in China. They can affect and manipulate the price. I think the market price of bitcoin suddenly rose up just after their president announced support for blockchain technology. I guess China has a great influence in the market.

China has been cracking down on bitcoin and miners from few years and all of a sudden their support for blackchain is bit surprising and they do have miners but when it comes to investment there are other counties who have invested much more in bitcoin than China and I feel China is doing this just to control the bitcoin by having people invested and then again might threaten to ban it thus sending a panic selling waves across.

Quote from: lobat999 on October 28, 2019, 03:00:08 AM

Quote from: Bitcoin_Arena on October 27, 2019, 11:51:55 PM

Quote from: deadsilent on October 27, 2019, 09:51:46 PM

Short trading is not so easy. If you know to analyze candlesticks and others. Maybe it could give information when to buy and when to sell. I'm not into day trading because you can only get small profit from that. Some traders use bot trading so they can easily buy and sell at the right time. I don't know if they are accurate all the time tho. I prefer long term trading because it's easy. Just always set the stop loss.

Actually day trading gives more profit if you know what to do, utilizing the dumps and pumps. Holding is so easy but you can even take 3 years without making any profit.

The problem with people is greed. If the bitcoin price rises, always sell off when you hit your target and then buy the deep. but you find someone hodling BTC and not selling it off at the all time high and expecting to sell it off when it hits $50K.

Someone who sold off at $18k or $16K and the bought again at $4k during the dip waiting to sell off soon again has made more money.

Gaining profit from a BTC pump and dump is all about proper timing of your entry and exit positions, on the condition that you'll be contented for a small profit and not set your profit target so high so as not to be burned. Repeat untill ...

Yes setting automated trade is the best way I have tried this with BNB in the past and it will work for bitcoin as well that's auto buy when the price falls and set a target for auto sell then convert the profit to USDT and repeat the same with principle amount to earn more profit. But setting unrealistic profit margin will not be of any help.

Quote from: AliMan on October 28, 2019, 07:54:53 AM

Quote from: arwin100 on October 28, 2019, 06:23:40 AM

Quote from: Kambal2000 on October 28, 2019, 05:37:41 AM

Quote from: Ailmand on October 28, 2019, 03:06:59 AM

Quote from: NathanJB on October 27, 2019, 01:45:09 PM

Volume may not be everything. Nowadays when volume is being cheated by exchange platforms, it is hard to trust the volume indicated. Most of the exchanges are reporting false volumes. And even the volume that seems to be the actual volume is being achieved only through the bots that are playing more than the real traders.

True, most exchange use bots to fake volume. However, I believe on keep your ears open. Positive news, statements, developments or announcements can cause market hype and can increase the demand and volume in no time.

Yes, so we should be able to see these things as most of them has fake volume and it is not good to trade with trading bots. Yes, they are having a bot, just for them to make themselves having a good volume so they can attract traders, so let us watch over it if we want to trade, choose the right trading platform.

That's the reason why I only go on reputable exchange so that I will make sure to trade with nothing to worry since as I've see there are so many scam exchange who have fake volumes which can trap us since we provably sell on desired price. But if people can't avoid it since there coin is listed there better to wait for several minutes and study the market flow before going your first entry it's better to safety than to regret later on the decisions made.

Because of assertiveness, these people tend to risk their coins with non reputable exchanges even without checking their trading walkthrough. Most cases after falling to scammers trap, huge funds involved has higher potential to get lost in the end. At first I wasn't particular on trading volumes while I wasn't yet too skilled in trading, but now I am making it sure for my holdings to be entrusted at legit and popular exchanges like for example binance.

Yes volume and reputation is the most important aspect before using any exchange as I have been a victim myself on this exchange named coinbene wherein I had to forcefully do a trade at lesser profit due to bot trading and exchange my asset at a price which gives me lesser profit because whenever I tried to place a buy order these bot will place buy order as well with slightly higher figure and it went on for 90 minutes until I could trade, That's why even I prefer Binance which is trusted by all and secure without any bot trading. Never go for low volume exchanges.

Quote from: jessyj48 on October 28, 2019, 07:54:15 AM

What could be so wrong adding ripple to your list of coins you want to hold? First its a top coin even if its centralized like many claimed its still a good one, once you are into diversity of coins adding ripple is a plus, for long term hold ripple can't go wrong

You would not be saying this if you have invested into ripple during the last quarter of 2017 as it reached over $3 then straight away reduced to under 50 cents due to the increased supply and bearish market, since then it has not reach $1. It's not about what people feel it's about the fact and reviews from those who had already invested. Ripple is a good coin for short term investment during bullrun but not sure about long term.

Quote from: Meowth05 on October 28, 2019, 07:26:16 AM

Quote from: Wysi on October 25, 2019, 05:55:56 PM

Right now the market situation is not so much to make any predictions but can do some experiment at our own risk by investing into altcoin.

But if we have to try something different by investing into a new altcoin which has caliber to perform well rather than investing on a reputed altcoins like Ethereum. Kindly suggest which would be the best altcoin to invest which is under $1.

It is better if you will place your investment in top ranked coins which can be seen in coinmarketcap. Based on coinmarketcap XRP gets the 3rd place and I think you should go for it. Litecoin, and BNB is a good choice as well. Remember that go for coins that has big volume and most liquid.

Ripple is obviously a better option than many other top altcoins which is under $1 but Ripple is also struggling to hold on to market after the bearish market and the only fear of going with Ripple is that it might lose it's value anytime the development team decides to increase it's supply since they have no fixed supply limit, we can use it for trading purpose but not sure about long term investmentm

Quote from: Wexnident on October 28, 2019, 04:15:28 AM

I don't understand how you related hash rates to the current price for BTC. I'm pretty sure that like every other coin out there, BTC price is determined by simple supply and demand though. Even if we do think of Rational Price as something different from normal price, determining it based on Hash rates seems to be wrong. The recent news and events affect supply and demand so if we kind of force it, we can say that it indirectly affects the price and thats quite a legitimate explanation.
Besides, Miners are just like us, speculating on BTC price. I doubt they could set the price of BTC depending on hash rates involved even if they wanted to.

Miners cannot have any affect in the bitcoin price as its as simple as they lend their electricity, Internet and mining device for a small commission and they cannot do much when it comes to pricing and infact users are losing interest in mining as it gives too little profit and I have stopped it as well if more users does then the transaction speed will be reduced that's all. As far as price is concerned it's purely demand and supply and people should get this straight into their head.

Quote from: topbitcoin on October 28, 2019, 06:50:13 AM

Quote from: Wysi on October 27, 2019, 01:49:56 PM

We have been doing same mistakes again and again that's by reacting to the market fluctuations as either we tend to start buying like there is no tomorrow when we see pump or else panic and empty our coffers for slightest dump and the reason I am suggesting you all to stop reacting is for the fact that the bitcoin market is going through quick pump and dump from past 4 or 5 days so it will prove fatal if we sell out or buy at this point of time. Just take some time and look observe the trend for week or so before jumping into any conclusion.

Actually in deep of our mind, or in our heart when something not happen or already happened like this, we think we can do it. But when the time come, usually we can be more panic than others. Maybe not we, but only me with other weak holders. When dump or pump come, usually we not want to miss the moment. And then trapped in bull trap or bear trap. But i think it is only the matter of time and experience.

Yes it's all the spur of member where we lose our emotions and get into buying or selling whenever there is a pump or dump to make it profitable for us and I have made same mistakes numerous times until I have made a algorithm for myself about buying and selling and I have not reacted to the recent fluctuations. It's not easy to hold on but losing money make you understand about bull trap or bear trap.

Quote from: figmentofmyass on October 28, 2019, 07:06:31 AM

Quote from: Kakmakr on October 28, 2019, 06:37:25 AM

Quote from: odolvlobo on October 28, 2019, 06:34:31 AM

Quote from: Kakmakr on October 28, 2019, 06:02:54 AM

In the last couple of days, I made more profit from selling a few coins, than what I would have been making in 3 years with the interest on my savings in the Bank. ...

Be honest with yourself. You got lucky. That's it.

You make your own luck my friend. If you decided not to buy any bitcoins, then you did not make your own luck.

tell that to everyone who bought at $19k two years ago. they're still down 50%! they might not feel so lucky. Tongue

the USD may be slowly eroding in value but it provides stability that bitcoin can't compete with. there's something to be said for that.

I really feel sad for those users who bought bitcoin arkund last quarter of 2017 as most of them bought for over $15k and bitcoin has not reached that value since then and they might regret the hasty investment or just consider it as long term investment. As you said we cannot compare fiat especially USD or Gold with bitcoinm

Quote from: dentolas on October 28, 2019, 07:23:08 AM

I think the price would be very low... BTC alone serves only very few purposes... it is very strong as the king of crypto, but without the alts it would be weak
Altcoins have helped crypto to gain supporters and introduced blockchain in so many aspects of our daily lifes... BTC only aims at money
Besides, BTC is not at all ready for adoption as the transfers take too long and are very expensive... it won't be in it's place if there were no alts showing that scalability is possible

But if there was no bitcoin then I think there wouldn't had been any all coins and yes money transfer through bit coin is long as sometimes it takes couple of hours compared to lightening fast transfer option available through altcoin and altcoins does have additional features but bitcoin has won the trust of investors that's why it's still the king of crypto and whenever there is a fall people switch to bitcoin so it's altcoin which needs bitcoin in order to survive.

Quote from: Clement Kaliyar on October 27, 2019, 05:55:55 PM

Quote from: error08 on October 27, 2019, 02:38:06 PM

The hold is the oldest way in the bitcoin community, but it less attractive for most people due to the volatility of bitcoin which makes it possible to gain profits.

If you are a day trader then the high volatility in the market is what you should look for to make profits in a short period of time but if you are not an experienced day trader then having patience is the solution as that is the safest option, majority of the traders who flock the future market are traders who knows how the market will perform on a daily basis and if you look at the volume in those sites you will understand why people prefer these volatility than a stable price in bitcoin .

Volatility is always a gaining factor for trader and it's an opportunity for day traders to learn the art of trading starting from low volume and gradually bidding for high volume. I think we need to understand the fact that somebody's loss is somebody's profit. Volatility is important for people to make profit wherein whales take huge share and smart fishes take their share of profit but beginners are at the receiving end. We are heading away from the purpose of crypto as it wasn't meant for just investment as it was to make our lives easier.

Quote from: Vishnu.Reang on October 27, 2019, 04:58:21 PM

Quote from: crazyspaceman on October 23, 2019, 11:00:58 PM

And why? Running late on crypto news last few weeks. Any good new coins on markets?

So far this year.. the market share of the altcoins have went down by more than half. One year back, the altcoins used to enjoy more than 50% market share... but now the same share have dipped below the 1/4th mark. Among the top altcoins, every single one have lost their value against BTC during the same duration. And the trends indicate that in the future also the same condition will continue.

We need to get rid off shitcoins first in order to consolidate the altcoin market so that it will be easier in focusing on the potential altcoins and I believe it will take one more year or so for any recovery when it comes to altcoin market if the situation does not improve or else it needs a massive bull run again. Once the top ten altcoin starts gaining the value that's the moment we are heading towards green zone.

Quote from: Wintersoldier on October 27, 2019, 04:41:29 PM

Quote from: Kakmakr on October 27, 2019, 12:05:37 PM

I do not know why everyone wants to get their panties in a bundle about trades being faked. It is something that has been done by exchanges for many years and it is quite expected when there are a large amount of exchanges, competing for market dominance. Roll Eyes

The regulators should audit the exchanges on a regular basis to highlight this more and to lessen it's affect on the markets. We saw this being done in the early stages in Japan, when that got out of control. A lot of the Japanese and Chinese exchanged were forced to close their doors to force them to stop doing that. Roll Eyes

Basically, it is their way to earn profit in their respective exchange or platform. For me, as long as the manipulation (no matter if people does it or not) is aiming to increase a market price of a certain crypto, it is quite good. But if they are going to manipulate the market through other crypto being affected negatively, I can say, regulation not to the crypto itself is needed, but to the exchange who are controlling the market.

Regulations will keep these sudden manipulation at bay but this might make crypto look like centralized which might lead to exit of some big whales as nobody wants their finances controlled by a third part or government. I feel we need an independent site which will update us about these suspicious activity so that users can be aware. But we have to live with these manipulations as that's the only thing which keeps crypto alive.

Quote from: Lanatsa on October 27, 2019, 02:58:01 PM

Quote from: Wysi on October 27, 2019, 01:49:56 PM

Nah its impossible for someone not to make any reactions into this very volatile market.As a human being we do normally act into these kind of circumstances
since we don't like to lose up money and we do keep speculating on where would prices would go and emotions and reaction is inevitable.
Important thing here is that you do know on how to ride with the waves.We are aiming for profits and these movements is the best recipe to gain those numbers.

I agree with you that it's inevitable to control emotions but I am requesting the users to be more cautious as risk takers and experienced traders made ride this fluctuations but it's not a cup of tea for everyone. Fluctuations does provide an opportunity to earn or lose if not dealt according but these manipulations which are created for short period of time might not be something which we are looking in a longer run.

Quote from: foxincoin on October 27, 2019, 01:59:52 PM

How to choose a good investment project
I understand that many of us do not suggest investing in ICO but I have to say not every ICO scam, invest in IEO no matter how much the stock exchange is better than investing in ICO.
However, these steps help to judge the project.
1.   The team behind the project, it is extremely important to see who guides the project, experiments, are they able to implement the road map.
2.   The idea of the project, what the project solve, is the project can change something or introduce something new.
3.   What has been done and are there any steps the team is taking to prove credibility.
4.   Is the project is ICO or IEO, IEO will be better.
5.   How many exchanges the project listing.
6.   The type of the exchanges(however this is not issues as some project cannot go with top exchanges, top exchanges required a lot money).

I would like to highlight about the exchange part of it as it does matters because there are so many low-end level exchanges which just kills the value of token with bot trading and honestly I would say exchange is most important things after the development team and the core project. There are some good mid level exchanges and investing into exchange listing definitely worth it.

Quote from: Red-Apple on October 27, 2019, 01:49:57 PM

Quote from: alyssa85 on October 27, 2019, 01:17:00 PM

The "news" is supposedly that China is backing bitcoin. Which seems to be a mistranslation - they've simply passed a law on cryptography and how China wants to be a leader in cryptography, which is a whole other thing to cryptocurrency!

nobody cares about Chinese news anymore whether it is negative or positive. everyone knows that it has never affected the bitcoin price. what used to be effective was the FUD which stopped working a couple of years ago when they repeated this technique so many times that it lost its power.

Yes bitcoin and crypto market are least bothered about what happens in China or any country whether they ban bitcoin or mining but I feel FUD is still working in favor to manipulate they market and negative news are doing the damage and it's our responsibility to educate people to stop believing in all the post I have started my part.

Quote from: Khaos77 on October 27, 2019, 05:00:24 AM

Quote from: hatshepsut93 on October 25, 2019, 06:19:31 PM

Well, today Bitcoin went up by 14% ($1,000) without absolutely no reason

Market manipulation pump by Tether criminals, no worries scheduled dump is coming. Tongue

Not exactly mate I think something different is being planned this time as they are not letting bitcoin to stay at high value for long time and user are getting smart day by day and cannot be fooled everytime, we need to hold on to our wallets to fail them in their manipulation. This time it doesn't matter whether it's a pump or dump unless it last for weeks because daily pump and scheduled dumps will not work anymore as we have already learnt the lesson in hard way.

Quote from: royalraha14 on October 27, 2019, 08:21:02 AM

Hi,

>:(I'm new but I'm looking trusted site to buy. Please help me. Angry

Thanks

Binance is available in almost all the countries and I vouch for binance from my personal experience and if coinbase is available then you can go for coinbase as it's a reputed and one of the primary key players. I have used these exchanges and both are trustworthy and reliable exchanges. Don't go for exchange with low volume as it will have huge transaction fees and you might end up losing if any error occurs while transaction as they don't have proper support like binance or coinbase.