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1561  Economy / Speculation / Re: Where do you see Bitcoin and Cryptocurrencies in ten years? on: July 05, 2018, 08:20:57 AM
in 10 years bitcoin will be near its mass adoption or hopefully it has already happened and BTC price will be above $1 million eventually. by then we will have lots more trusted exchanges, and billions of merchants accepting bitcoin instead of millions. it will be a couple of halvings ahead too so we have that to look forward to also.

in 10 years we will see a very different altcoin market too. the current altcoins will be dead and replaced by real cryptocurrencies and we will end up having a 3 part market. 1 bitcoin, another 1 good altcoins, and another one shitty small altcoins like ethereum that are still getting pumped and dumped.
1562  Economy / Speculation / Re: Underwater newbies - are you comforted by BTC's historical behaviour? on: July 05, 2018, 08:14:16 AM
Don't write off newbies that quickly. I'm quite certain that a lot of them haven't sold but hold their bags in the hope that the price will recover.
I know a few people that are down significantly on altcoins because they thought it was a good moment to buy the dip at the time Bitcoin was hovering around the $15,000 level, and they aren't selling.
That is only the case for people you know. I also know a handful of newbies who sold their stash instantly after bitcoin price has tanked to 9000$ level despite getting it near the peak price. Nevertheless, I do believe that there are some other newbies that still have not sold their bitcoins now and is currently holding it(they might sell it soon). For this reason, I believe we are not seeing the bottom yet.

the lower the price goes the less will be the number of newbies who are going to panic sell because most of them do their panic sells in the initial stages of the FUD and the biggest initial drop. meaning somewhere around $8k-$9k the majority of them were pushed out of the market an at this point ($6k levels) there aren't that many left.

on top of that the lower the price goes the more incentive for people to buy bitcoin at cheaper price. which means there are more buyers now and there is more buy support with a bigger strength than before.
the result of these two means we are at the bottom already or not that far from it. I wouldn't keep my hopes up for a very low price as the bottom if I were you.
1563  Bitcoin / Bitcoin Discussion / Re: ‘Bitcoin’ was the 9th most read article on Wikipedia in 2017 on: July 05, 2018, 06:45:53 AM
Because btc prices are growing so fast. There has never been a stock code that has grown so fast.

yes they do! if there is a good technology company with a lot of potential and be brand new its stock can skyrocket fast. for example Warren Buffet's company was $7000 in 1990 according to google and is currently worth $282k!

but the thing is you can not bitcoin with a company. a company will always be restricted, for example it can only be in one country specially at the start. they can expand in the future but they will never be a global cover.
bitcoin on the other hand is unique and also it is global. you can buy it from anywhere in the world, so the "investors" aren't restricted to only one country unlike stocks which only is open to small number of people.
1564  Bitcoin / Bitcoin Discussion / Re: What would happen if Satoshi came back suddenly on: July 05, 2018, 06:11:49 AM
these will happen in chronological order:
1. a lot of FUD about how Satoshi would dump so a big price fall  due to panic
2. some old wounds discussions would start up again including the block size debate and all the drama with SegWit/BCash
3. more FUD thanks to #2 and more drop due to the panic induced by it.
4. eventually people would realize that bitcoin is not some shitaltcoin that is controlled by one person who snaps his finger and the coin changes, it is a proper decentralized network which is working based on consensus of the whole network not just one person.
5. after the whales and knowledgeable people bought cheap bitcoins things go back to normal and price rises back up again.

result? only a period of drama which slows everything down and postpones adoption for a couple of months.
I also believe it depends on the time of the possible "come back" in this scenario. for example if it were today then the effects will be a lot bigger than if it were in 5-10 years from now, by then people may not give a damn about it since we would have a lot more people who truly understand bitcoin not just some speculators wanting to milk it for money.
1565  Economy / Speculation / Re: Is The dips bitcoin encountering intentional? on: July 05, 2018, 06:05:09 AM
it is not true, and it sound more like your imagination!

first of all in many different countries the banks are banned from investing in bitcoin so they are not legally allowed to do what you are talking about.
secondly if they wanted to get involved with it they would become payment processors and services like that. they do not need to own cheap bitcoin to do that, the money they earn would be from fees.
and finally in order to crash the price as you suggest you first have to have a lot of bitcoin and if they had that they why would they want to buy more?
1566  Bitcoin / Bitcoin Discussion / Re: Bitcoin future in India on: July 05, 2018, 06:00:01 AM
sooner or later their government will realize that they can not control the flow of bitcoin as they will continue to see that their people are still adopting bitcoin by the thousands and there is no stopping that. what the RBI did only means they won't be able to track who has bitcoin and who doesn't and how much since people are not using decentralized methods such as face to face trading to buy bitcoin.
1567  Economy / Trading Discussion / Re: Day trade? on: July 04, 2018, 08:29:14 AM
being unstable can also mean being unpredictable and when the market is unpredictable you can not do any form of trading in it because it will be treading on the verge of being a gamble. in any case in order to day trade you want to first be able to predict which direction the market is going specially in short term and also you want the liquidity to be high enough to cover the amount you want to put in without disturbing the price.
1568  Economy / Trading Discussion / Re: Bitcoin market dominance on: July 04, 2018, 07:32:10 AM
let me ELI5 math for you maybe you understand what you are talking about is NOT "dominance" but a fool's number to fool the fools Cheesy

1 coin * price * 17 mil supply = bitcoin market cap (1)
1607 coins * prices * sum of 1607 supply = the rest of the market cap (2)

when bitcoin price goes down (1) goes down but the 1607 shitcoins go down also so the (2) goes down multiplied by 1607 so the total market cap of the rest goes down more.
MATH: (1) / (2) where (2) goes down faster has a bigger result.

now when there is a pumping season like last year when 1607 altcoins are getting pumped (2) is rising super fast.
MATH: (1) / (2) where (1) is rising but (2) is rising 1607 times faster will have a smaller result which you are calling "bitcoin dominance"!!!
1569  Economy / Speculation / Re: Bear market? Will NEVER HAPPEN because of increasing # of unretrievable bitcoin on: July 04, 2018, 07:24:47 AM
supply is not irrelevant at all but it is irrelevant when you ignore everything else and only focus 100% on supply and nothing else.

we can have bear markets if bitcoin supply was 21,000,000 and price per 1BTC was $10,000,000.
we can also have a bear market if bitcoin supply was 1,000,000 and price of it was $10,000,000
or we can have bear market if bitcoin supply was 1,000,000 and price of it was $6000

the only difference with a lower supply is that the price will go higher with the same demand. for example if nothing were lost bitcoin price could go up to $1 million but if (as you said) 20% is lost then price can go up t to $1.2 million for example. but that still doesn't mean "bear market will never happen". we will reach $1.2 million and then have a bear market where price comes down drastically and reaches $700k
1570  Economy / Speculation / Re: Bitcoin price jump - Is this a bullish sign? on: July 04, 2018, 06:19:40 AM
there was no real jump in the price though. the $300 rise that you mentioned here for example is just a slightly bigger rise (~4% rise) which is nothing. a "jump" is usually something bigger than 10% in bitcoin otherwise it will be categorized as the daily fluctuations.

in this case the rise that we had from $6k upwards is more like a sign showing the end of the downtrend in my opinion. and the accompanying with the strong buy support at $6k makes me believe in it more although it is hard to tell at this point.
if we see a rise above $7k that is the jump you should be looking for and there is a good chance that this rise can ignite some FOMO buying which then will create real big jumps in price.
1571  Economy / Exchanges / Re: Do you trust your Bitcoin exchange? on: July 04, 2018, 06:09:42 AM
to me trust is not an absolute thing. it has degrees and it differs on a case by case basis. so I cant say I trust or don't trust exchanges. at the end of the day even if these exchanges never get hacked and are the safest things on the planet you are still trusting a third party with your money....

I can also call it some sort of risk management. for example if I had 10BTC I would trust exchanges with 0.5BTC of it which happens to usually be in the ballpark of what I trade with although I would love to trade with higher amounts but I keep it lower because I can not trust them with more than this. and also that is the amount I am comfortable with losing in case something went bad... of course the numbers are arbitrary.

as for p2p trading and decentralized exchanges, it is favorable but unfortunately I have not found any user friendly and easy to use one which is offering the same thing as centralized ones.
1572  Bitcoin / Bitcoin Discussion / Re: Bitcoin holders will betray bitcoin one day on: July 04, 2018, 06:01:23 AM
snipped

It is possible that the bitcoin holders would betray bitcoin because one of the factors is the price or the value of bitcoin in the market because it can affect them especially  gaining income that's why some bitcoin holder would transfer any crypto business that much higher compare to the bitcoin. But I think it depends of the people's loyalty to the bitcoin whether the price may go or high still you are committed to this industry. It is within their hands if they still continue bitcoin or not but if you are loyal enough to the bitcoin, I'm pretty sure that you are deserve to received  the best from it.

then with that logic price of anything else in any other market can crash because the blank-holders can "betray" blank. for instance gold price can crash (based on your logic) because gold holders can betray gold. or Google can crash and burn because Google share holders can betray Google and dump their shares!

do you see how dumb that logic sounds like when you stop focusing on the "bitcoin" part and focus on what you are really saying?
1573  Bitcoin / Bitcoin Discussion / Re: Do whales really control the market, or is that a myth on: July 04, 2018, 05:55:12 AM
They don't control the market, they control YOU! ha ha! As soon as they dump their profited bitcoins and YOU started to sell in panic, that is where the magic happens.

when YOU are trading in the market then you are a part of the market. if they control YOU then they control the market. the real question is how many of these YOUs they affect when the dumping happens. and the answer is that it changes based on different times and the market status.

for example at the beginning of the year when bitcoin was still in super hyped up mode we had a lot of these YOUs who we call "weak hands", when the correction hit they panicked and sold. or when the whale dumping during the $10k fiasco started they again panic sold their bitcoins.
but they will always go out and the market becomes void of them. for instance when the $6k dumping happened 3 times so far this year there were not that many weak hands to panic sell so the whale dumps failed to push the price any lower and they lost money since they were forced to buy back at higher prices instead.
1574  Bitcoin / Bitcoin Discussion / Re: Bitcoin holders will betray bitcoin one day on: July 04, 2018, 05:39:03 AM
I foresee it coming, it keeps on ringing in my ears with series of flashbacks.
if you foresee it then why are you here wasting time? go go go sell your bitcoin fast. my buy orders are waiting for you. Cheesy

Quote
It will happen like a speed of light in a vacuum.
wow I never knew hundreds of thousands of people could coordinate this fast and perform the same act at the same time with this kind of speed. maybe we should use "bitcoin holders" to teach us how they coordinated with each other. we can use that in the world.
I also didn't know our exchanges are so advanced that can now handle that kind of traffic LOL

Quote
Most bitcoin holders will betray bitcoin one day,
what is this? a cheesy soap opera on TV?

Quote
they  will see no value in bitcoin again,
yeah, suddenly hundreds of thousands of people are going to wake up one morning and say "hay the only decentralized currency in the world has no value any more" LMAO

Quote
i know there will be holders who will follow bitcoin till death apart. They will hold on no matter how tough things will be for our mother coin.
they are not called "holders" they are called idiots. people don't hold bitcoin for no reason, they invest in it and hold it because they know what bitcoin is, what it does and they know about its potential.
you, as a newbie, see a price drop and call it "tough times". but someone who knows what bitcoin is beyond its price knows that this is yet another discount on the way to mass adoption.
1575  Other / Beginners & Help / Re: When the price drops Do not panic, It will only make things worse on: July 04, 2018, 05:30:53 AM
If you panic and sell your bitcoin, it will only make the market worse and the bitcoin price will go down. So when bitcoin prices are down don't panic and don't go sell your bitcoin. Although it does not have much impact on bitcoin, at least if you do not panic and do not sell Bitcoin, the price will not continue to drop. What do you think ?

a couple of things you need to know is that those who panic sell aren't going to just change their mind and not panic sell during a FUD season just because you told them to. they will continue their irrational behavior until they either go broke and leave the market or learn from their idiocy and make better decisions in the future.

also selling when price goes down is not a bad thing but only as long as you are doing it with a little bit of thought. meaning you should analyze where on the drop you are selling. if it is in the initial stage while price has not gone down and has not reached the bottom then it is a good thing, but if it is in the final stage like selling at the bottom that obviously is idiotic.
1576  Economy / Trading Discussion / Re: A trader's heart on: July 02, 2018, 12:35:55 PM
take profit at 5-10% point.

just go to the altcoins section to realize that people invest to get profits of more than 2x.

setting a fixed amount of profit for taking and sticking to that only is never a good idea in my experience. just like anything else in trading you have to have your profit dynamically and set it based on the situation. for example it depends on the altcoin itself. for  the big already pumped altcoins that are in bubbles you should set it to 5% or even 1% since their rises aren't going to be big anyways. but for a smaller altcoin that can get pumped 10000% you should also set your profit higher than just 5% but lower than 10000% so that you don't get greedy and lose sight.
it also depends on the market situation. for instance when some shitcoin is already getting dumped (like ETH current situation) you shouldn't expect a big profit on a dumping market. what you have is dead cat bounce so you set your profit to a lower amount and the time to a short time since the dead cat bounce never lasts long.
1577  Bitcoin / Bitcoin Discussion / Re: Can you place stop loss and take profit at the same time? on: July 02, 2018, 09:41:10 AM
I believe it is useless to use bots " Poloniex or any other auto tool" when trading because they deal with numbers while buying/selling decisions should be based on news and not numbers. [In other words, you have to spend time tracking news]
You can stop losses and make profits at the same time as follows:

true but some sort of automation is mandatory in a manipulated market such as altcoin markets where prices can go 1000% in a couple of hours and drop 99% back down in the same short time. and you can not sit behind your computer 24/7 staring at your monitor for "news".
of course you need to follow the news (or more precisely hype that leads to pump) and all that but if you start placing stop losses and other conditional oders you will be preventing a lot of missed opportunities.
1578  Economy / Speculation / Re: Will bitcoin reach $100,000 dollar before the end of the year? on: July 02, 2018, 09:36:06 AM
No. because bitcoin is not some pump and dump shitcoin that you keep seeing in altcoin market that can go up a lot in a short time for no reason. rises in bitcoin are not pumps unlike the rises in altcoins which means we will see a more reasonable rise which will also happen to be slower than what you want it to be. $100k price will eventually happen but in its own time.
1579  Economy / Trading Discussion / Re: My trading style on: July 02, 2018, 06:49:43 AM
it sounds like a good strategy but you failed to explain the key point to this strategy which can make it a very good one or a terrible strategy. the key is "choosing those coins"!
you said "development background". well there isn't any development to majority of the altcoins and what you said is just fancy talk for saying "I check the social media for the most advertised coin".
the other part is the "fell deep" part! whatever that means. if you look at coins that have dropped a lot and choose them only based on that then it is a mistake. but if you can come up with valid reasons to convince yourself that these drops have brought that coin to its BOTTOM then your choices can be good.

what I do is that I don't waste my time with a lot of coins. instead I go around in the market and choose 1 or 2 coins that I see are getting some "attention" from the pumpers. this can be some hype in the media, some airdrop coming up, some fork,.... combined with increased volume, activity and of course some price rise. then I buy them and make some risk assessment to set my sell orders for dumping.
1580  Economy / Gambling / Re: FreeBitco.in - Win free Bitcoins every hour! - $30,000 contest now live! on: July 02, 2018, 06:37:34 AM
[...]
Just one or two. The requirements increased by 30k in just two hours, seems the targets keeps moving away the more effort/wagers I put in.

everything in Freebitco.in is calculated based on USD value of bitcoin. for example when you play free roll you sometimes win 31 satoshi (base) and sometimes 30 and so on because bitcoin price fluctuates. I don't remember what the minimum amount to play or deposit was to remove your Captcha (I think it was $50 so lets say it was) when price was $6500 a couple of hours ago $50 meant 0.00769230BTC and when it went down to $6300 it meant 0.00793650BTC. and that is about 24.4k satoshi difference.

Yes that is correct, the price fluctuates. But how can you justify that after a few (quite a few actually) wagers my target rose from 190k to 250k?

Honestly, seems a scam to keep you pursuing an always moving target and never reach it.

I am just reporting my experience with the site based on what I have seen in the past few years and it has always been the same movement with the price. and the rise for those targets have been the same too unless they changed their rules or something which doesn't happen that often.
so you are either mistaken about the 190k to 250k or you are exaggerating it.
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