Unfortunatelly those who control the medias on the modern times use it as bargaining chip, they will spread lies if they are paid for or if it attends their own interests. Even alternative medias are sometimes very shady and try to manipulate readers wrongly, so the solution isn't only to suspect mainstream media, but to analyze very well everything you are reading, looking the details and searching for more sources to see if that is legit or not.
However, I think we shouldn't avoid reading anything, there isn't problem in reading, we just need to be aware that what we read isn't always true.
yes you are right, it's what I was trying to explain, to just be aware that 99% of the news has always an objective, but, yes, definitively, we must not avoid reading, we only have to understand if the news are legit or not the thing about 99% of the news from ALL bitcoin news sites is that they are just like the signature spammers on bitcointalk! they are getting paid when you visit their website by having lots of advertisement there usually if forms of banner ads. and when people visit their stats increase so they can charge more for that ad space. as a result they currently post lots of what is known as "click baits". they create some subject like that encourages you to click and read the bullshit and increase their "stats" so they can earn more money. |
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Is exchanging all your assets to USDT when everything goes down a valid move ?
changing to fiat when things are going down is a valid move as long as you know that you are selling at a price which is still high not the bottom of the drop. otherwise selling at the bottom means you lose a lot of money because of a bad decision. changing to USDT which is a centralized and shady altcoin is not exactly the best decision in my opinion. it can be a good move at times if only you keep it for a very short amount of time but I have 0 trust in USDT and the company that issues it. and I suggest everyone to treat it with extra care. |
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Create a physical place of ....
the biggest problem that you are creating is that you are making it way too local. this is a global forum dedicated to bitcoin which is again a global currency. making the physical place means only some people who are in that "city" not even country will bother to attend. which means their numbers are always going to be limited. and besides who will the coverage be? will you just tell us the results of the games and we have to take your word for it or will there be live broadcasting? do you think your business model will give you enough revenue to cover up the cost of it? |
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"all the existing bitcoins" are not up for sale so nobody can buy it all. lets say I have 1 BTC, at current price I am not willing to sell it. but I will sell that for 1 million dollar if that someone buying "all existing bitcoins" is willing to match me demand. and if he does then I will use it to buy cheap bitcoins at market price and have more bitcoin in my stash  and there are lots of people who will never sell their coins, not all of it anyways and they will hold bitcoin because bitcoin is a decentralized currency which gives us the financial freedom we want out of it without anyone being able to tell us otherwise. when I hold 1 BTC I have a lot of power. I am holding 1 out of 21 million limited number of coins and that fact will never change, so why would I want to give that up? |
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first of all why didn't you care about shops/stores before? why the sudden interest in what they are losing?
lets say a shop/store got paid $50,000 in bitcoin on 2017-12-1 when price was $9000 and price went to $20,000 on 2017-12-17 which means they made $111,111 out of their sale which is $61,111 pure profit in 2 weeks. so where were you when they were making this ridiculous amount of profit all year long last year?
secondly shops/stores know what they are getting into, you don't need to worry about them. they either accept the risk/reward of accepting bitcoin and do it like the hundred thousands of them that are doing so, or they use a payment processor like BitPay which pays them in fiat immediately and they don't even get bitcoin. risk eliminated.
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so far every year that I have seen bitcoin has started the year like this! with the same big drop in January and a little bit extended to first week of February even which will be the accumulation phase and then start soaring up.
last year in January price dropped from $1140 down to $917 (~20% drop) and stayed there until February 1st when it started rising back up again. same in 2016 and 2015,...
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IMO, I think Bitcoin is already an old technology and improvements are not fast enough to be improve the transaction speed, no smart contract yet.
RSK is still being developed for smart contracts.
Will Dash, NEO, ETH, etc will replace it in the near future - 3-5 years?
your opinion is wrong because bitcoin is improved by a lot in the past few years and it is THE new technology despite what the altcoin advertisers lie to you. you think ETH, Dash, NEO,... that you are so hot about are using some super duper advance technology? no it is the same thing with a tiny bit of change! and smart contracts are currently available in bitcoin and with RSK it will be more advanced and free to use. and tell me something, when was the last time a smart contract was used for something real? show me a real world application that I can go out and see using smart contracts? so far every single "smart contract" has been an ICO to raise some funds and get rich without any product. not to mention the scaling issues that these altcoins you names are facing! sometimes even harder than bitcoin. |
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the price drop started 24 hours before your "now".
and it is one of the same FUD waves that we keep seeing in bitcoin. and they are at it once again. otherwise there shouldn't have been any drop under any circumstances with all the new money that keeps coming in.
but when they spread the fear there is nothing stopping the newbies from exiting in panic.
it happens too often that it starts to become ridiculous how many times the same scenario is designed with same results...
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Facebook and Telegram for me are not really a good stuff to use in finding a good altcoins to invest because majority of people who make promotions there are just doing it because there is a return payment in doing so or much known as campaign. For me the best source to find a good cryptos is going in different trading site and see how the market goes, there's a lot of information that you can get there something that will surely help you find the best one.
all those people spamming on these social media platforms such as Telegram and Facebook and Twitter and even Reddit, have already bought those coins on top and price is already too high. that is why they are spamming about them NOW. because they want them to go higher. what this means is that when you hear about it from these people it is already too late to invest in those altcoins because they are already pumped. you will be buying into a bubble. and that is the riskiest investment someone can make. it can give you a tiny profit but there is a bigger chance of a big drop than there is any chance of any tiny rise. |
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I trade off the order book and depth chart on gdax. I bought when I did because I saw the wall on the depth chart and was confident the price was going to upswing when it hit the wall. There were more buy orders than sell orders at that second. I stuck with my strategy however It didn't work that time. I'm not worried about losing money. I never sell below the price I bought in at. I just wait for it to come back up. Then place my sell order within a few dollars of the wall so I get the execution right before it hits and changes direction.
from your comments I couldn't figure out what coin you are trading. is it bitcoin? generally speaking these walls are not exactly always the best source for any kind of analysis because sometimes they are there for manipulation and are placed by whales and will move if price gets near them. with that said, buying something that is dropping is not always the best choice. for example altcoins are currently dropping but they are not going to recover for a very long time if at all for some of them. and bitcoin is currently not going to have any major rallies and will continue to stay at this current price for a longer time. |
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Just curious. I'm hoping (and I'll use the word hope, because who really knows?) for at least 500% on btc and 1500% on eth.
What about yours?
if ethereum goes up 1500% in 2018 meaning if it goes to nearly $20,000 then I will officially lose faith in the cryptocurrency world in general because ETH is the shittiest coin that has ever existed. full of bugs, lots of issues including serious scaling issue, lots of shilling and lots of spam-advertisement with lots of false information. such a coin should not even be worth more than $20 let alone that high. as for bitcoin's 500% which means going to $78,000 from current price. I don't think it can happen because we will have a lot of issues to face with. mainly the scaling issue and the spam attacks against bitcoin which is the only reasons keeping the price back at the moment. |
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these predicaments only creates panic to the readers, instead post something to boost the morale of other holders
What? Lie to yourself and others. OP should be worried. Bitcoin is in very big trouble. Core did it. past 2 days spam attack against your favorite coin bitcoin cash proved that you get the same delays in there too because blocks were full, mempool was huge, there was also a bug which meant miners couldn't even mine big blocks and all of that led to delays because miners were choosing high paying transactions and filled the blocks with them. BCH fees were also increasing. |
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What if korean really close up exchange? It may pull the price down to zero!!!! I guese.
sometimes when an incident (news) is new and you have nothing else in the history to compare it to, you may "guesses". but when there is a perfectly clear example in the history you simple compare it with that one. and when there are multiple instances of it then you can be sure of the same result. in this case Chinese market was 100 times bigger than Korean's ever was. Chinese government closed their exchanges a couple of months ago back when bitcoin price was still around $2000-$4000. the result? a tiny price drop followed by the biggest rally of the year up to $20,000! |
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some of these are actually old misconceptions about bitcoin. for example these days people know perfectly well that bitcoin is not fully anonymous. of course there will always be someone who is new who might thing otherwise but every information out there regarding this is accurate. or things like calling bitcoin scam or Ponzi are such old thing belonging to the first couple of years that bitcoin came out and that was because people didn't know what it is and have not seen it be used for real as a currency.
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sadly because these bots started their "refer someone and get paid" campaign there has been an increased activity of people advertising them with false information just to get others to sign up, purchase and they can make a profit!
trading bots are good but only if you know how to trade without them and know how to use them properly. you still have to make choices, like choosing a good market and choosing a good time to enter and exit. and also you need to understand the strategy that the bot is using. they are different from each other sometimes and they use different strategies to make trades.
in short I always advise beginners to stay away from bots until they have succeeded in making the price of the bot in less than a month.
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there are ways to control the price of cryptocurrencies, specially altcoins since they are far from being decentralized and they are mostly traded on centralized exchanges.
for example the most obvious way to do it is to pre-mine that altcoin, have some big investors like banks, run ICOs to gain a lot of money, .... generally any way that you can gain a lot of money and a big portion of the supply of the said coin. then you just have to be able to manage the money you have at your disposal in the best way possible. you can see how Ethereum foundation have been doing this well and have been advertising and pumping it.
another method which is one a larger scale is to have a centralized exchange with a lot of volume and a big share in the market. for example Mt Gox back in 2013 used to control 85% of the bitcoin trading volume and they manipulated its price. last year Poloniex had the same share of the altcoin market and controlled most of the altcoins they had >90% of the volume. but it shrank a little over the year but they are still big and capable of manipulating prices of lots of coins.
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there are two problems here. the biggest one is that most people around here are not interested in putting an effort in their bets, which sports and e-sports betting requires effort whereas dice doesn't you just click the button  also the timing is not quite right in my opinion. there are Dota 2 tournaments usually running all throughout the year but only a couple of them are popular and mostly watched and they usually occur during summer time not winter. for example the biggest one being The International takes place in summer. and by that time there will be more discussions about the games. |
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Conclusion: We can expect announcements about bonusses in the coming week. Payday is in the week of the 29th of January. Sounds more logical then that everyone in Wallstreet is receiving his/her bonus on the same day (15th).
timing of the bonuses does not matter. the real question is whether these bonuses are going to be invested in bitcoin or not, and if yes then how much of it? I believe they have been investing in bitcoin for a while now so there is a good chance a big part of their bonuses will also be invested in bitcoin. and with all the FUD that has been spread in the past few weeks to keep the price down, it may even be true that they planned ahead to invest it in bitcoin! |
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