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1101
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Economy / Speculation / Re: Bitcoin in 2020?
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on: October 23, 2019, 11:36:54 AM
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almost all bitcoin holders say bitcoin will rise in 2020. because at that time rewards per block will be reduced by half. if supply decreases and demand increases, the price of bitcoin will definitely go up and this happens every 4 years. This has happened in 2016 the value of bitcoin has risen to its peak in 2017. I hope this 2020 halving day will be the same as in 2016 which can make bitcoin skyrocket to $ 20k per btc. hopefully this is realized this is the hope of all of us.
Yes that's the last hope or we can call it as current hope which has made us dependent that the value of bitcoin will increase in 2020 and there are posts like 2020 will be the year of cryptocurrency which is possible only if there will be one more bull run. |
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1102
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Alternate cryptocurrencies / Altcoin Discussion / Re: Expectation And Reality In The Current Situation
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on: October 23, 2019, 09:22:35 AM
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When at the beginning of 2019 there was a small cryptocurrency market pump, I thought that this year there would be good growth, but this was just a little manipulation by the manipulators and this small pump was very quickly over and the cryptocurrency market started to fall again very quickly and generally speaking, the cryptocurrency market has already been in a bearish trend for almost 2 years and I hope that in 2020 there will be a good cryptocurrency market pump.
Yes that short pump was created by whales for their own benefit and the mistake we made was reacted to that pump thus fooled again, the market situation has been not so good but right now if he notice all the other altcoin apart from bitcoin is fighting for their survival and bitcoin is freezer at a value between $7500 and $8500 it's neither going below $7500 nor crossing $8500 and halving is the only hope as of now. Let's hope 2020 will be one more 2017 for the bitcoin and other altcoins as well. |
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1103
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Economy / Speculation / Re: Bitcoin price is controlled not just manipulated but controlled
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on: October 23, 2019, 09:11:03 AM
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According to the data "top 100 richest bitcoin addresses", there are 106 addresses that have 10,000-10,0000 bitcoin, it should be more than enough to control the market although it less than 0.1%.
Most of those 100 richest addresses belong to major exchanges like binance cold-wallet, huobi cold-wallet and bittrex cold-wallet and others probably belong to miners addresses.
The fact is even BTC163,664 binance cold-wallet only 0.9% of total coins, with only 0.9% the price in the exchange market (binance) can drop in a significant number, let aside 10,000 bitcoin, if it can be dumped to various major exchanges, the global price will be crash for sure.
Exactly!! In my opinion it doesn't depend on what percentage of people hold the most Bitcoin, but we can judge it from how much Bitcoin is held by 1 person. If one person holds Bitcoin thousands of times compared to other holders, it is clear he can freely manipulate the market with the amount of funds he has. Yes that's logical as those users how has huge amount to bitcoin can manipulate the market it's not only the case of bitcoin or cryptocurrency market but it applies to other risk investment as well. Basically it can be classified as one man greed or his tactics to earn more profit, we cannot do much about this and the best we could do is we can avoid reacting to these situation. |
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1104
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Economy / Trading Discussion / Re: How to profit from your bitcoin during market consolidations
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on: October 23, 2019, 08:59:16 AM
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My opinion is very straight, If you want to make a profit then you have to wait for the suitable moment, I think Bitcoin holding is the best way to make fulfill your desire, Whatever the current context, don't be panicked and worried about the price, I also think that you have to control your emotion as well, if you want to start trading then decision is yours, I think when the market is vulnerable then trading is too risky to make a profit, So holding is a very safe and secure investment, just wait for the moment and gain what amount you want, if you want to take a high risk then trading would be perfect for you during this market consolidations.
When it comes to bitcoin investment and trading, I think that people should always relax their mind about this coin because it is as reliable as anything good. Every bear market of bitcoin is a blessing, while its bullish trend is also a blessing, so we should not be seeing the price fall of bitcoin at any time as a sad moment. It should be a moment where we should buy and then sell when it is high and anytime that we feel we have made mistake in buying, we should just leave that particular investment to correct itself as bitcoin continues to function well while we move on with the other investment. Anytime that I see bitcoin dip, I usually do not panic which I still expect more dip in price soon, and if bitcoin falls again, while people are scared and counting it as bear market, I will keep buying it. Its more like investor's thing or long term traders thing but when it comes to short term they should stick with some strategies or they will lose capital.Most traders just buy and sell and really don't know what is happening on the market and some other believes TA will work for them so they will take huge risk by all in but we should never trade everything we got in short term,we have to concentrate on making profits with less capital and hold the remaining for short term trades. This can be achieved by having a proper plan by fixing a margin for buying and selling rather than randomly doing it and it requires the trader to first fix a realistic figure to trade for example if I bought bitcoin at $8k then I would prefer to sell it at $8500 and then buy back should be fixed at $7900 this will the patter I would follow and when it comes to other altcoins as well as we need to set a flow chart sort of thing for this about the buying price and selling price only then we could earn else we will end up losing capital, this plan might not work for short term. |
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1105
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Economy / Speculation / Re: What is happening with Bitcoin?
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on: October 23, 2019, 08:50:08 AM
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I think the bitcoin price dropped due to the many scams and the many bad news from different countries that banned bitcoin.
The predictions rise not necessarily because the market is now bad. Many of his scams make investors afraid to invest against new Altcoins and choose to hold bitcoins.
When Bitcoin drops they sell to secure the money. Bitcoin will rise which is very likely in relation to Bitcoin is now more popular in the first appeal.
The negative news like counties banning bitcoin is having lesser impact on the market than it was expected to be, due to the fact that we are used to these news and now we are going through a phase of correction from the long time after the massive bull run at the end of 2017, I am sure the value will increase as there will be some fresh investment before the halving for the fact that the value will increase post halving. We just need to avoid panic selling in order to avoid any further dump. |
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1106
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Economy / Economics / Re: Economic situation around the world and Bitcoin
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on: October 23, 2019, 08:39:00 AM
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Even those people or countries that are not facing any inflation or economical crisis at the moment must invest in bitcoin because this is not only for saving oneself from the bad situations but to become rich. We all need money and no matter how rich we are at the moment, it is better to keep on increasing your asset because the more you have, the better it would be for survival in this world.
But people will not buy Bitcoin if their knowledge of the world of Cryptocurrency is still low, it is our duty to give them a good understanding so they Interested in this Crypto world. I believe that in the future Bitcoin will be the people's choice to invest their assets, especially if the world economic situation deteriorates. There are so many potential investors who have no idea about the cryptocurrency and we can pool in these investors only when we have a dedicated spoc based throughout the world to keep the public educated about crypto and for example it's not possible with bitcoin since we don't have a community to do that and it's too late to form a community now but on the other hand new altcoins are doing there bit as they have the management team based in several continent in order to promote and educate people about crypto currency. |
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1107
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Economy / Trading Discussion / Re: 5 Reasons why I am buying Bitcoin!!
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on: October 23, 2019, 08:29:20 AM
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I went with the disagree, it will go lower and then blow up later option. I'm not completely positive it will go much lower, but either way, it's going to blow up in price somewhere around the halving. Either shortly before, or right after the halving. If you bought in now, you'll be just fine. There's still plenty of meat left on that bone to chew on for the next few years.
I hope things go as you have mentioned because it's been a while since we have seen a pump and a possible pump would boost up the market and bitcoin halving will be the game changer if things go well and it will pool in new investors and squeeze out more investment from the existing users if we see some signs of price increase. |
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1108
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Alternate cryptocurrencies / Altcoin Discussion / Re: How to protect your token's
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on: October 23, 2019, 08:18:35 AM
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I want to add a little something that could help you secure your private keys better.. you should store your private key in telegram cloud storage, to better secure it, activate 2fa in your telegram account to ensure that it cannot be accessed by another person even if they hack it.
Terrible idea, you are trusting a third party with your coins, if you are going to do that then hold fiat and store it in your bank and hope they do not take that money away from you, when it comes to crypto there are many different solutions but all of them must revolve around the same concept, you should be the only one that stores your coins and knows your private keys, if you do not do that then you will always rely on a third party and how trusted they can be with your money. Agree, it's better to keep it in our own place that is not connected to the internet such as on an external hard drive or using a hardwallet. Using third-party storage is very vulnerable and in my opinion keeping private on the internet is a dangerous thing for the security of the coins we store. Hard wallet is a good idea but there are risks as well because it has to be kept in a safe place wherein nobody else should have access to it as if someone just misplaces it by mistake then it will be a big issue and moreover there are higher chances of losing it. I still prefer storing it online but it should be stored somewhere which is not prone to be hacked or lost like draft folder of your email and trustable cloud storage as not all the third party application lacks security. |
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1109
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Alternate cryptocurrencies / Altcoin Discussion / Re: ICO projects with very good rating
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on: October 23, 2019, 07:32:11 AM
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Usually, they are only in the value of the project Whitepaper, roadmap and the Team. Although their project is good not necessarily their ICO bestselling.
Because currently the ICO is no longer in demand for investors because of his many scams and chooses to switch to IEO that is safer than risk.
IEO is the next big thing literally taking over ICO due to ICO's nature of scams and shady principles and it will be a smart move to choose IEO over ICO. As far as the ratings are concerned don't blindly believe it as it's easily tampered and I have heard some of the ranking sites take bribe in order to give higher ratings and I have been part of projects like Chynge, Timebox which had relatively higher ratings but they turned out to be a fead project as it's yet to be launched and just wasted time of investors and bounty hunters. |
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1110
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Economy / Speculation / Re: Can Bitcoin cross $50,000 by Dec 2020?
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on: October 23, 2019, 07:14:44 AM
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The price of bitcoin cannot be ascertained by certain people, but many say that the rise of bitcoin starts in December, this is my prediction that bitcoin will not be possible to reach $ 50k that is too far for me to target bitcoin at the beginning of the year $ 15k but that is just a prediction cannot make sure and we wait for the right time.
Bitcoin's golden days used to start in the month of December was a common perception after 2017 but last year it was not the same way and I believe $50,000 is easily achievable for bitcoin but it's almost impossible to achieve within the month of December looking at the current market affairs. As mentioned we can expect somewhere between $12K to $15K by the end of the year if prediction hits bulls-eye this time. |
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1111
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Other / Beginners & Help / Re: About my first loss - This might help newcomers as a learning curve
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on: October 23, 2019, 07:10:48 AM
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<
>
I cant make out if the loss you mention is real of virtual. By real I mean that you bought at a high price and sold for 5K. That is a tangible loss. On the other hand, by virtual loss Im referring to a loss of opportunity for having missed out on selling at peak (not that it was easy to foresee how it would go at the time), not incurring in real heavy losses, but rather creating one of those "if only I had
" pins jagged hard into the memory. I hope you are well aware of market situation last year as we was once speculated to cross $25,000 and that's the reason I had decided to sell it off when it crosses the mark of $25,000 and by the month of April 2018 the market was not as good as it was and I still waited till April 2019 and had to sell it off ot avoid further loss which turned to be a fatal mistake, actually the situation was like that as the value was between $3,500 to $4,000 for a while before April 2019 and finally in April 2019 I had to sell it off. |
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1112
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Bitcoin / Bitcoin Discussion / Re: Have you ever been stolen or lost your BTC?
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on: October 22, 2019, 06:17:16 PM
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Recently I've heard someone's speech about keeping BTC on the exchange is not safe. But the same thing may be fair to other types of wallets it's all about the pros and cons, isn't it? There must be a comparison based on the number of incidents, statistics, etc. I mean, ok, let's consider this article as a detailed guide for different types of wallets there's an explanation, principles of working, advantages and disadvantages but how do you actually know, which wallet will be safe? How did you choose your current wallet? Where do you keep crypto? Have you ever been stolen? No. i haven't lost or got stolen my BTC or other cryptocurrencies because i am very careful when it comes to my funds, but i knew a friend who lost his funds because while my friend was away from his trip he accidentally lost his bag where his ledger or hardware wallet and phone are both inside his bag, and he got really depressed after that incident. I think using a hardware wallet is the safest way to store all of your funds because it is not prone for hacking unlike online wallets, but you should not misplace it and you should hide in a safe place with your private keys, and also do not bring it along with your long way trips like my friend did to avoid lost. I have lost a good amount of bitcoin by missing the key for blockchain and only god know what was the password as I literally tried every single password I could remember but it didn't work. I had saved some bitcoins when it's value was somewhere around $400 and then realized it's worth when it was over $2,000 but unfortunately I could not retrieve it. I still regret it and learnt a lesson of saving all the details in the email as well. |
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1113
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Alternate cryptocurrencies / Altcoin Discussion / Re: My Selection of coins, your thoughts?
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on: October 22, 2019, 05:55:58 PM
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Hi All,
i have been buying a little crypto since Sept 2017, not much but some.
I have invested in the following coins and was curious to know what you guys think of my portfolio? Can i get rid of some coins or add?
1) BTC
2) NEO
3) WAVES
4) VET
5) LINK
6) ETN
7) KCS
8 ) UTK
9) DAG
10) XBY
11) REBL
Appreciate your responses.
Great stuff, you have invested in those coins which has potentials but I am bit surprise for the fact that Ethereum and BNB are missing in this list as ETH will never die just like bitcoin and we all know BNB is the best exchange token which will be useful as an investment and to buy new valuable tokens from binance launchpad. Anyways have invested in the right coins but keep yourself upto date about all these altcoins. |
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1114
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Alternate cryptocurrencies / Altcoin Discussion / Re: HELP! I want to invest but don't know which and how. is DigiByte ok?
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on: October 22, 2019, 05:44:52 PM
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Some of the very recommendations I bought for the first xrp. Xrp is a very potential coin because behind them are the world's big banks. Second bitcoincash, many media say that bitcoincash will be able to exceed bitcoin in terms of fast shipping and low cost.
Both are profitable and established coins wherein one is unofficially backed by the bankers and if you really wants to earn profit from Ripple then set a target and auto trading as the value keeps fluctuating with a small margin and you need to utilize those small margins to make your profit. When it comes to BCH I don't want to comment much but just a suggestion that all the coins listed in coinbase worth the investment and BCH one of them. |
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1115
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Bitcoin / Bitcoin Discussion / Re: BTC, why do some people just get it, others really don't?
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on: October 22, 2019, 05:34:05 PM
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pretty normal when you introduce something new, they will oppose it because they don't understand or simply because since its new.
my old man insist in investing in buying a farm as it will help me survive by planting crops and trees and sell them. when i told him i'd be investing GPUs so i can mine ETH and XMR. he was what and then you are going to sell the land minerals to china? maybe i just suck at explaining what BTC and these coins are.
Yup no matter how hard you try to explain it some people might never get it as it should be understood wherein there are those who will get it easily. I had similar challenges while hiring a developer for one of my project wherein some of them consider bitcoin as illegal and they will be arrested if they for for a crypto related project while others are cool and very keen to learn and work for it. |
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1116
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Alternate cryptocurrencies / Altcoin Discussion / Re: Can i trust new IEO on the new exchange?
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on: October 22, 2019, 05:24:28 PM
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If the project is good then no issues in investing into it post doing the research and verifications about the development team if it's in a reputed exchange but don't go for it if they are listing in a new exchange as they don't have volume and it will just kill the project as well as your investment. It's better to go for a expensive token with reputed exchange rather than going for cheap token under new and low volume exchange.
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1117
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Economy / Exchanges / Re: Binance is earning only $20,00 per day on transaction fees charge??
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on: October 22, 2019, 05:14:39 PM
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Yea... and just for context, 20k a day is a revenue of 7.3 million a year. That's nothing for any medium sized company much less for one of the largest crypto exchanges in the world. You may not be happy that you aren't getting 1:1 trades, but i wouldn't exactly call this overcharging. If you can find a more trustworthy exchange with better exchange rates, then go there. If you find that hard to do, then they're not overcharging... Any thoughts on OKEX / Huobi fees? I have been a binance user from the day I learn about trading and trust me there is no other exchange which is more secure than binance and it's reliable as well. It doesn't matter about the transaction as far as it served the purpose. No idea about the other two exchanges which you have listed but usually transaction fees are much higher on other exchanges compared to binance. |
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1118
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Economy / Speculation / Re: Bull or Bear season for crypto?
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on: October 22, 2019, 05:04:53 PM
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Funny thing is I always look at the bitcoin market as a bull season even if the price goes down.
As long as it wont reach $300 again then I am good with it.
I already made my profits so I am in for support at bitcoin by now.
I want to see it reach heights that havent been reach by other vurrencies before.
I am quite happy to see people as grateful as you are. I am also quite happy to see that the price of bitcoin is quite stable at the price of $ 8k so far, even this has happened after its decline last June. I think that at the moment most crypto doesn't experience bears or bull run. Well, until now the price of crypto has not raised the potential that could rise to tens of percent. however, I think that currently, the price of crypto will be ready for a bull run. prepare yourself buddy Bull run might or might not be same like it was in the past as there has been so many price corrections and even if we have price increase it would be gradual increase I believe. You are right at this moment most of the crypto doesn't experience bull or bear market rather they are fighting for survival and wherein some are stabilized, one thing is for sure that the bitcoin does not belong to the border of $8,000 as it has potential to rise further but its all just a matter of time when it will happen. |
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1119
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: who else think Litecoin will go huge?
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on: October 22, 2019, 04:53:21 PM
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I remember when i disliked and disregarded it as it had no use case for me, but now i've changed my mind on it.
It might as well be huge, but similar to older currencies, but it doesn't have any new things (to my knowledge) coming that could hype the people for buying the rumors or news. It's basically mature and "ready" as a currency, and now it's finding its own valuation. Lately i've been using it a lot and i think it's highly undervalued. I think it could surprise everyone on the next run.
Agree with you, it has a lot of potential, Litecoin experienced a great growth earlier this year. Prior to mid-June, it was the best performing coin in 2019 that is still growing more than 170% in less than 90 days and peaking at around $145. So there is a tendency, that it will be still getting better and better as time is passing by, let's watch out over it. Litecoin can be a game changer as it's not in news like bitcoin, ETH or XRP but it performs well and I did experimented my funds with LTC in October 2017 and got a goof return on investment when it reached from $50 to $300 approximately through coinbase. I am sure everyone are aware about the lightening speed of LTC transactions, it's secure as well and initially Coinbase was very well know and it does not list too many coins and LTC was one of those coins which it had listed which clearly shows it's value. |
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1120
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Other / Beginners & Help / About my first loss - This might help newcomers as a learning curve
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on: October 22, 2019, 04:43:09 PM
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As mentioned in the subject line I am one of those whose life was changed after the bullish market at the end of 2017 but I did eventually lost a huge chunk because of greed. I lost huge amount of money just because I did not sell it off during the peak and wanted the value to cross $25,000 which eventually led to collapse in the market situation and I had to sell it off for a mere $5,000 after a long wait expecting market to recover. The mistake which I made was not selling it when the value declined after reaching the peak. Kindly share your experiences as well as it will help new folks.
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