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1561  Alternate cryptocurrencies / Altcoin Discussion / Re: I need help on Altcoin Investment Decision on: September 19, 2018, 06:10:57 AM
your biggest problem is that you don't yet know what you are doing. you have not made up your mind. you have a goal which is profit but you have not yet decided how you want to reach that profit.
for example you talk about "investment" then you talk about "trading" and then you talk about buying the "dip". just make up your mind and decide what you want to do.
if you want to invest then it is entirely different from when you want to trade.

as a trader who wants profit you must be active in the market. there is no "altcoin with potential" for a trader and there is no "invest and hold" for a trader. as a trader you want to go in and out of the market and take the profit with you. for example when there is a dip you buy it then you sell it shortly after before the  dip continues. for example yesterday you should have bought ETH at $190-$180 and dumped it as soon as it went back up to $200+ which means you could have made 11% profit in half a day. now calculate how much 11% means based on your investment ($1000 meant $110).
then you move to another coin and do the same and every day repeat the process.
1562  Alternate cryptocurrencies / Altcoin Discussion / Re: Is HODLing "Safe" To Do While The Market Continues To Get Battered? on: September 19, 2018, 05:49:54 AM
unless you have been living under a rock bitcoin reached $5700 about 6 months ago and ever since that day we have not seen that price ever again so far. and meanwhile it is altcoins such as ethereum that are getting dumped hard.

as for your HOLD question you should look at prices, as you can see if you continue holding altcoins you will also continue losing money. and as a trader you should never hold any altcoin during its dumping phase unless you wish to lose a large portion of your money.
1563  Bitcoin / Bitcoin Discussion / Re: Can too many Altcoin's can become a threat to bitcoin's existence on: September 19, 2018, 05:39:18 AM
look at the history. it will tell you all you need to know. we already have 9 years of history and in this period of time we have had tens of thousands of altcoins that have been created, pumped and dumped and eventually many of them died. there are years that they create more of them like last year since the altcoin pumping market is booming during that time but in the end the fate of shitcoins is always going to be death and their short life and death will never affect bitcoin in any ways.
1564  Other / Off-topic / Re: Do you agree with me ? on: September 19, 2018, 05:30:59 AM
no i disagree because so far all the things that were actually launched based on blockchain technology have mostly been hot air and was done for fundraising purposes not to use the benefits of the blockchain technology or even to improve it in any way.

not to mention that bitcoin has nothing to do with any of these! bitcoin is just a currency, it is not creating any market or anything like job.
1565  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the crypto market oversaturated? on: September 18, 2018, 05:58:14 AM
there is no bloodbath, there is no purge. it is just pump and dumps and it has never killed any coin so far. the coins die on their own when they become over used by the pumpers and when the pumpers decide to move to newer coins for their big pumps. even then these coins may not die as they start moving to smaller exchanges  and get big pumps there out of nowhere!

the market may be overflowing with coins but there still room to grow more since there are billions of people in the world and all of them want to make easy money and creating a useless altcoin is so easy these days. it doesn't even cost that much to create one in some cases.
1566  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why the Ether will drop to $ 60 on: September 18, 2018, 05:48:32 AM
bought the Ether and invested in the ICO. That is, "They needed the ether physically." Demand is growing. The price was growing.
same color.

that is the key. the "demand", it was not a sustainable demand which is why it started vanishing as the ICO hype started to vanish so now there is no more demand for ETH and the only ones remaining in the market are the whales who are shorting it to make money on each dump and there are newbie bag holders who are holding it tight because the same whales told them to hold while they are dumping!
1567  Alternate cryptocurrencies / Altcoin Discussion / Re: Will The ICO Platform Be Dead Soon? on: September 18, 2018, 05:44:32 AM
100% premining an altcoin has been considered a scam and the projects have always been shitcoins. but that didn't kill premining altcoins ever. the same with ICOs, they are all scams and the tokens they create are shitcoins but that won't kill them because their livelihood depends on how many people are still investing in them and are greedy enough to close their eyes on all the issues they have. that doesn't mean they will always continue to be the big thing though. for example this year we can see how the number of them has dropped drastically leading to huge dumps in ICO platform tokens such as ETH price.
1568  Economy / Speculation / Re: What if bitcoin seems to average about 7500 USD on: September 18, 2018, 05:31:28 AM
Just suppose...

What if bitcoin seems to average about 7500 USD or so over a very long period, like a year or even more. Currently, this isn't high enough of a value in USD to really mine anymore with GPU's, if mining for profit in USD anyways. I do not mine with ASIC miners and I really know very little about them, even though I almost bought a Bitmain Antiminer S9 before I build my 8 GPU rig.

Will mining taper off to little to nothing, will difficulty levels be adjusted to compensate miners, or what else?

I would be interested to know some thinking on this, should it become a reality or even close to a reality for some length of time.



I don't think it's possible for Bitcoins to keep a stable price for a year, as we'll have seen it's very volatile and difficult to predict in which direction it's prices may go. However let's take a hypothetical situation, and assume it does happen then yes then the equilibrium mechanism will be in effect, for those miners mining during this period they'll be compensated more bitcoins to make up for their losses.
It has happened before but I really do not see it as a problem for miners. Not like it was stable, but there was a time in the past we had a long period of consolidation before bitcoin started making any moves to the upward direction.

I believe if things get to an equilibrium state and we know in a way, miners are getting something from the increase in price as well of what they get eventually, I am sure at some point, when it becomes less profitable for that reason, a lot of miners will end up bailing out, and then we will see the hash rate dropping and that means more money for the big miners, as I believe they will end up being the ones to stay in the mining sector as time goes on.

it is not about size of the miners, the small ones can stay too. in fact it is more possible for smaller miners to stay even if price goes down. for example if you are a hobby miner who believes in the future of bitcoin and are mining with 1 ASIC at home you usually don't even sell the coins you earn and hold them as an investment.
the main factor determining who leaves first is the cost. if a miner (big or small) is somewhere with cheaper electricity they will remain active even when price falls.
1569  Bitcoin / Bitcoin Discussion / Re: ETF REJECTION on: September 18, 2018, 05:14:09 AM
The new trend in the cryptocurrency ecosystem in the last week was dominated with Bitcoin ETF rejection.

in case you missed it this topic and the news of it belongs to about 1 month ago not last week. and even then it had no effects on price whatsoever. the price didn't even move downwards. in fact there was even a rise right after that ETF rejection that happened 1 month ago.
1570  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 333 ETH? a ponzi scheme? on: September 16, 2018, 07:59:01 AM
apart from such projects being pure scams and ponzi schemes you should also consider the fact that paying that much profit to people will crash its market! imagine you have some token that you receive 3% profit on it on a daily basis. by the end of week 1 you would have a huge amount of that token which then you can simply sell (dump) on the market and get the pure profit out without even touching your tokens.
and you are not going to be the only one doing it! so what happens is that this dump simply crashes the market.

in other words even if it wasn't a scam, such plans wouldn't even be profitable because of that crash.
1571  Bitcoin / Bitcoin Discussion / Re: Time to discuss next halving? on: September 16, 2018, 07:51:57 AM
The bottom line is that, these few months, and especially the first months of 2019, may be good entry points before bitcoin gets a lot of hype again. So don't miss on this opportunity, and get your cash ready today to jump on this bandwagon right on time!

i mostly disagree because looking at the previous 2 halving cases i can see that the talks may have started a long time before the halving (like your topic for instance) but the real effect on the market and the price  started about a month or two prior to the halving itself. all that "talk" may be considered the build up towards that point but without any effect themselves.

I can't believe that you were really looking at the previous 2 halving events with your own eyes. I don't know about the first halving you refer to, which should have happened in 2012, as I wasn't there and can't say anything. But I witnessed the second coming, um, halving, and can say things didn't happen like you describe them.

First off, the prices started rising in early September, 2015, which was like 10 months before halving. They went exponential in the first half of 2016. Then, just before the halving, maybe 2-3 weeks prior the event, there was a massive correction of about 20-30%. After that, Bitfinex got hacked on August 2, which likely postponed the recovery due to over 100k bitcoins being sold before (through massive shorting) and right after the hack. The real growth which we all witnessed in 2017 started again in September, this time in 2016.

all the fluctuations, corrections big and small rises that happened months before the halving (llike the 10 month rise you mentioned) can not be attributed to halving! if you do that then you are saying that bitcoin has nothing else going on for it, adoption is nothing, ... and it only has halving and price only rises because of it! that doesn't make any sense to me!

as for the rise itself it was in no way exponential in the times you mentions.
10 months prior to halving meaning first half of 2016 price went up slowly from $400 to $500 this is a 25% rise in 6 months in a bull market after a very long downtrend from Mt Gox bubble. this had nothing to do with halving.
then the real Halving Rise started on May 25-26 (1 month and 2 weeks before halving) and price went up from $500ish to $770 which is a 55% rise in 1 month. then fell down about a week before the halving.
the 2012 halving was similar although not as big. by that time price was recovering from a similar bubble of nearly the same size as 2013 bubble but it took much shorter time to recover (something like this year). then the halving hype started and pushed the price from $9.2 to $12.99 (41% in about 1 month) then we had a correction to about $10.90

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not to mention that we will have a lot more going on for bitcoin and a lot more rises before we even reach halving. think of halving in 2020 as the Futures market in 2017. price was already $9000 when the Futures speculation came and price went up to $20k but it had gone up from $900 (10x) already before that.... halving will be the same. we will have rises then the halving will be a big shoot up and a mini bubble.

Futures had absolutely no effect on bitcoin prices, apart from some hype, perhaps. This topic has been beaten to death already. They are all cash-settled and in no way can influence real markets. Anyway, the volume in these futures was miserable to make any impact in any case.

that is exactly my point! it is the hype of Futures that made the big rise. halving hype is no different. the real effect of halving which is different from hype comes afterwards with at least 1 month delay.
1572  Alternate cryptocurrencies / Altcoin Discussion / Re: My Prediction/Fear Was Right!! on: September 16, 2018, 05:35:09 AM
A few days ago, I posted That ETH is going to 200 USD? That was my fear, not an actual prediction! And, today, Ethereum hits its lowest price of 2018! 190 USD! What's going on guys? Why is Ethereum price dumping incredibly? I just can't believe my eyes! Do you think ETH can recover its price this year? My answer no.
Former CEO Bitmex has stated that ETH is a shitcoin and it will soon go down 100$. I laughed and did not care about that. And now ETH is going down $ 100 as he says. In the future I think ETH will continue to dump until it's under 100$, It's horrible for those who are holding ETH

it's horrible for those holders THAT DID NOT CARE ABOUT MY OPINIONS, because i've been saying ETH was dead more than 3 months now. Now they are enjoying a huge REKT. moreover, some are buying this coin.

you are naive if you really think ETH is/was dead but also you are even more naive if you kept bag holding ETH when all the signs were pointing to a massive dump. people need to start becoming more realistic in altcoin market in my opinion. these centralized coins with millions of dollars to spare are not just going to vanish one day. they will continue to be pumped and dumped but for every pump there will be a dump so plan accordingly.

ps. your signature is defying your comment by the way Cheesy
1573  Alternate cryptocurrencies / Altcoin Discussion / Re: What are you doing with your portfolio on the bear market? on: September 16, 2018, 05:22:17 AM
what am i doing?
i have a portfolio instead of a bag! a portfolio is a basket of valuable assets that are unrelated, have low risk and good future for return. altcoins have no place in that basket, if you start building one containing altcoins then you can not call that a portfolio it is a bag you are holding which loses value over time.
my portfolio has bitcoin, gold and some stocks in it and i am starting to add real estate to the mix too.
besides what you are calling bear market is not even a bear market it is an altcoin dumping period which all the coins are getting dumped.
1574  Bitcoin / Bitcoin Discussion / Re: Do we really understand what bitcoin is capable of? on: September 16, 2018, 04:57:36 AM
For some months now that bitcoin has bubbled within some specific range of value,
price being in a specific price range is not called "bubbled"! where did you come up with that term anyways?!!

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there has been a lot of threads trying to put people in fear about bitcoin is dead, leave crypto and value is going down and so forth.
those comments are actually good at the end of all this because they are some sort of purge on the market, those spreading FUD don't know it themselves but they are cleaning up the market from newbie weak hands and that leads to decreased volatility and as you can see from these days it ends the drops
1575  Alternate cryptocurrencies / Altcoin Discussion / Re: We'll continue to crash until we do this! on: September 15, 2018, 05:49:45 AM
well these tokens are created to make profit so you wanting to use them means you want to go against their purpose. it is like wanting to use a butter knife to cut your meat! you can do it but it is not sharp enough for that purpose! these tokens are made as a form of gambling. they raise some money, get pumped and then everyone exists as soon as they are listed on some exchange. those lucky lottery winners are those who dump first and it gets late as more people dump until the token (gambling game) is abandoned and everyone moves to next ICO (game).

Our duty is to use these platforms because no one is going to use them.

they we don't need this many coins and tokens! there are nearly 2000 of them. do we really need to use all of them? of course not. we only need a handful, or even one that actually works. which brings us to the first thing i mentioned above: they are not meant to be used for anything other than speculation.
1576  Alternate cryptocurrencies / Altcoin Discussion / Re: ICOs now regulated, expect better ICOs, less Scams on: September 15, 2018, 05:36:20 AM
Is this a good bye to scam ICOs from France?

in a perfect world this could have been the case but in the real world that we live in this won't happen ever. what we are going to see is that (assuming this news is actually real and not fake like 90% of the news we read on yellow news sites) we will start seeing every scam ICO try to disguise themselves as being from France and being legit and also another wave of identity fraud when they start asking for KYC and steal people's documents and sell them elsewhere.
1577  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH better or BCH ? on: September 15, 2018, 05:27:15 AM
they are both equally good and bad at the same time because they are both centralized altcoins that had and will continue to have pump and dumps. what this means is that you can make profit by investing in them ONLY if you are familiar with the pump and dump market and know how to make profit in different situations in the process of P&D.
for instance you need to know when to buy and you also need to know when to sell. but if you are one of those people who buys some altcoin and then gets caught up in the hype and ends up bag holding and never selling then you should not invest at all because you will go broke waiting for a pump to come.
1578  Economy / Speculation / Re: Decentralized exchanges 'make crypto unstoppable'? (McAffee bullshits?) on: September 15, 2018, 05:15:00 AM
(country-bans would be ineffective)
BUT how do you GET FIAT IN and FIAT OUT on decentralized exchanges?

when talking about bans and the decentralized exchanges it is not about how you use them to circumvent the bans it is about whether people want to even use them. for example if bitcoin was banned you should ask whether people would still want to buy it or not. and the answer for most of them would be no, specially at this point.
but if they want to do it, then there are many ways of doing it, which are already discussed here. and people will do it even if they are harder methods or cost more, as we can see in real life cases in some countries with some bans in effect.
1579  Bitcoin / Bitcoin Discussion / Re: Time to discuss next halving? on: September 15, 2018, 05:02:56 AM
The bottom line is that, these few months, and especially the first months of 2019, may be good entry points before bitcoin gets a lot of hype again. So don't miss on this opportunity, and get your cash ready today to jump on this bandwagon right on time!

i mostly disagree because looking at the previous 2 halving cases i can see that the talks may have started a long time before the halving (like your topic for instance) but the real effect on the market and the price  started about a month or two prior to the halving itself. all that "talk" may be considered the build up towards that point but without any effect themselves.

not to mention that we will have a lot more going on for bitcoin and a lot more rises before we even reach halving. think of halving in 2020 as the Futures market in 2017. price was already $9000 when the Futures speculation came and price went up to $20k but it had gone up from $900 (10x) already before that.... halving will be the same. we will have rises then the halving will be a big shoot up and a mini bubble.
1580  Economy / Speculation / Re: Bitcointalk and CMC continue to lose influence over cryptomarket on: September 15, 2018, 04:56:34 AM
coinmarket cap never had any influence over the market to want to lose it now. it is just a price reporting website with no more than that. they don't advertise any particular altcoin or force them on anyone to have any kind of influence. if you chose to interpret that data in some particular way and be misled, it is your own fault.

as for bitcointalk it is just a forum and it is still the same forum with the same influence. the wiser people use the information they get there and think about it before wanting to believe or disregard it and idiot newbies take it as facts no matter what it is.
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