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1141  Economy / Trading Discussion / Re: The market fell sharply, what is going on? on: February 18, 2018, 10:35:34 AM
I have lost a lot of money in crypto, but I do not panic, because I understand very well about trading risk, do not put all your funds in trading, leave some for your life,  Grin
I even believe cryptocurrencies are here to stay even though not all of them but at least if you are sure of your holdings, there should be no need to be perfect. I remember the value of some of these coins earlier last year, in fact this down trend was like a huge uptrend back then, but now, those who held long at those prices are having a good time in the market right now. At the end, those who hold, buy at dips like this, are always the ones to get the good profit at the end.
1142  Economy / Trading Discussion / Re: Bitcoin now below 8000 time to buy now on: February 17, 2018, 11:40:53 AM
The volatility in the market is still very high, any time right now is a good time to buy, because it could get lower or even higher in a couple of days. Buy now and hold for long term till it's back to stability and a good price increase. So many people who wanted to get into Bitcoins should utilise this opportunity to grab a handful.
It's indeed as long as it below $13k , just keep buying it would worth the risk in the end. Rather than have to feel the pain missed the rare cheap price. A lot of people did it , regret when Bitcoin price was only $100 , $1,000 and then you might have to regret it to missed the cheap $10k when in the future the price of bitcoin are around $50k .
It is always worth the risk in the long run, no doubt. Bitcoin has always proven to us all that it is capable to withstand any storm and get back even stronger. A lot of people were asking this question a year ago and they ended up buying at the top, and I really hope some people will not end up joining the category of those who are going to end up filled with regrets again this year.

I would not be surprised that in the next few hours or days, we may be testing the $12k region; I believe this is the main target for now and we cannot really say what will happen after this. We may go back testing the bottom, or we may just break the resistance and rally around the top for a while, but I am very hopeful that we should breakout from the downtrend as that is the ideal thing we have all been waiting for.
1143  Economy / Trading Discussion / Re: Is technical analysis useful? on: February 17, 2018, 08:41:44 AM
in stockmarket, i used to believe a lot in TA. but in crypto, not so much. prices of most coins are easy to pump and dump. plus there is no gain/loss limits
Yeah, cryptocurrency market is so unpredictable that you just have to be always very careful otherwise missing out big chances will be the humiliating results. However, for those who understand the market, and the fact that it not a controlled market, they always know how to fine tune their decisions to make a call when the first ends up not working out. As much as opportunities abound in trading cryptocurrency, one also has to be smart with it.

Technical analysis still helps, but you have to believe that it is not all the time, as even in Forex or stock, they can still mess up.
1144  Economy / Trading Discussion / Re: How can one trade without losing?? on: February 17, 2018, 08:04:00 AM
I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer,  inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?

Maybe you have been putting too much time into this (you said 24-7) and thus your brain is not functioning correctly. Maybe you need to give it a rest and then come back to crypto with a fresh mind a few days later.

This can sometimes help newbies who are losing too much in trading. Also depending on what type of crypto you are trading you have to decide whether you are going to hodl it or you are going to day-trade it. For day trading I cant tell you anything because I am more of a Hodler. From what you say you seem to be a day-trader and I suggest you to try hodling for a change.

To become a hodler you should stockpile coins worth hodling everytime they drop and sell some at times to cut losses.

See if hodling works for you and let us know.
Honestly, I did not quickly take a look at that and you are right, maybe he is just taking the whole idea of trading the wrong way and that is affecting his ability to think and make quality decisions. 247 is a whole lot of time for someone to stay in front of a chart. What on earth is he monitoring ?

That is like trying to usher in headache, and ability of the brain not to function properly. Maybe he is overworking himself with the losses rather than looking for how to take more opportunity in his trade. No one is above making mistakes or losing and most especially for new trader, it is inevitable, but over time, it gets better. He is apparently scolding himself too much for losing and that is bad for his trading health.
1145  Economy / Economics / Re: will next decade be the bitcoin era ?? on: February 16, 2018, 05:55:06 PM
As by seeing the usage graph and profiting graph i can easily assume that in next decade of 2020 people will mainly relay on bitcoin and the main thing to survive in the next era will be bitcoin and it will be frequently used by everyone and that will help many regions to boost their economy as well so hope for the best, many people are eagerly waiting for the btc system to be implemented.

we dont need to wait for the next decade to tell that the era is for bitcoin or not,since this coin together with all of the altcoin behind this is making another life changing move,and its not bitcoin era but CRYPTOCURRENCY ERA is the best word to use
Yeah, disruption is occurring already, fast movers are beginning to see that, smart investors are seeing the future from now, and that is making the bitcoin space even get more interesting. The governments are also one way or the other getting themselves involved with regulation which I want to believe will end up causing more good than harm, and with all these in place as well as bitcoin becoming a global payment option, then we should be seeing a pure era of huge profit for early investors as a result of huge demand.

At the same time, I really would not be surprised too anyway with all the developments going on and it seems the governments are beginning to see how they can regulate it and if that happens, we may start seeing more hands into the crypto space than ever before and most especially those with large money. With bitcoin also becoming usable a lot, it would make it even more interesting for huge adoption as payment function.
1146  Economy / Economics / Re: What will happen to the banks if people uses cryptocurrencies more than fiat? on: February 16, 2018, 04:40:12 PM
   Nothing  will happen to the Banks if people uses crypto currencies more than fiat, because hardly less than 1% of the worlds population uses cryptocurrencies and there are not much shops that accepts Bitcoin payment . If this happens the banks will seek a better options. In order to continue the Banks will adopt blockchain technology and start using and accepting cryptocurrencies. But we need Banks that accumulate deposits and give loans to eligible business owners and ordinary people. Still banks would exist, as money lending loan is the main sources of income.
That can change from 1% though but the fact remains that 100% of people all over the world cannot be using cryptocurrency and will remain using fiat either because they have no knowledge about cryptocurrency, they are too lazy to know further or they just do not care as long as they just like it physical.

Nevertheless, it is not like most banks are already running cashless policies anyway, so at the end of it all, we will still have some who just prefer going the traditional way.
1147  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin to go down big dip on: February 16, 2018, 03:18:03 PM
I don't expect any crash on Litecoin today because a hard fork is announced on February 18th. The owners of Litecoin will receive 10 LitecoinCash for every Litecoin they own. This is the reason why Litecoin has reached $221 today and probably move higher in the coming 2-3 days until the fork. The new forked coin will be mined with SHA256 mining hardware so it will probably attract some of the Bitcoin miners.
Charlie Lee announced that is against this new coin, time will show us if it will be successful or not.
Like you said, time will tell, however, a fork will always be a fork, but that does not mean it cannot still end up having some bit of usefulness in the community, even if it ends up as a shit coin as they all end up adding to the total market cap anyway. However, anything can happen, Litecoin is looking good and strong as well, so I do not see any reason why it should get dumped hugely for now, but like I said, time will tell, nothing is predictable in the crypto market.
1148  Alternate cryptocurrencies / Altcoin Discussion / Re: REBELLIOUS Discussion Thread on: February 15, 2018, 07:05:02 PM
Got some REBL but not a REBEL LOL. So far so good for Rebel community, especially for the team who is making success with no ICO. I see a lot of potential but Im not that convinced that they could last, the team must be that rich to have this kind of program, they're like alibaba (Not the e-commerce but somekind of similarities of how it started). Underdog, didn't dig too much information about this one but Im into long term hold for this.
Yes, you are a rebel as long as you have REBL. That name at first actually got my attention, but when I checked out the team and some of the achievements they have had, I decided to take a chance. Also, looking at the way they are really trying hard to build a community, with a pretty huge idea they have and devs ready to work, I am sure it is going to be promising to hold. aervin11, won't be bad being a rebel after all right ?
1149  Economy / Marketplace / Re: I'm going to buy some bitcoins on: February 15, 2018, 12:20:15 PM
This is your opportunity to buy a bitcoin because the price is low. if you have money you can buy bitcoin right now this is a great time. Then hold your bitcoin for long term because if you are targeting for a short term investment it is useless because we don't know when bitcoin price is increase again.
Anyone who is not taking this opportunity now is just going to end up messing up big time. The market looks a lot ready and I am sure right now, the big guys are already loading up and some who are not smart enough are still complaining or either waiting for a lower price to get in. Same way some people had the chance of $6000 and still did not buy in. It is always funny that the same way most people get greedy when the market dips is just the same way they get greedy when it starts rising.

There are lot of humors this year bitcoin will reach 50k$ each, so if you hold on to that humors its a good time to buy now. Since then or as time goes by Bitcoin yearly was get higher and higher, so while time pass by let us take the chance to buy bitcoin as long as we can afford to buy or else when time comes we cannot buy of em due to its too expensives.
Rumors are there just for the weak hands that need them. If you do not want to be one, then stop listening to those rumors and stick to whatever the chart tells you. Also, if you do not have an idea of interpreting the charts, then just hold or buy more when moments like this comes. However, do not over think the market will just rise up rapidly and if it does, lucky you, but you just have to let the market give the whole explanation.
1150  Economy / Marketplace / Re: Why does it call "market will never sleeps"? on: February 15, 2018, 10:56:11 AM
Actually, the other term says BLOCKCHAIN NEVER SLEEPS, this simply means that unlike the stock market which have fixed hours of operation, such doesn't exist on the blockchain. Since Cryptocurrencies are blockchain based and run on the internet, every minute of the day, trading is going on in so many places.

I love and hate this so much.. I love that all shifts of the day move and are exciting and filled  with oppurtunity.. but I've started to form sleep deprivation due to checking my phone, or dreaming about trading and wake up in a panic.. I don't know if anyone else experiences this but atleast sometimes.. I wish it would just close after 12am easterrn atleast on the weekends.. its really starting to take its toll after a year and a half.
Welcome to the groove bro where the DJ is always playing! Just love it, as there is really no need adding the hate to it. Sure, it can be crazy sleeping and waking up the next morning to see the market you are holding is down and you could have gotten out in the best time, but all the same, there is always a good side and bad side to everything.

The good side is that you cannot stop making money and you can make for as long as you want, the bad side is you are the only one who can make it a bad side and that is left to you just as you are depriving yourself of sleep and panicking unnecessarily.
1151  Economy / Gambling discussion / Re: How safe is Bitcoin gambling on: February 15, 2018, 10:23:30 AM
gambling is always remain as risky way of earning money and the reason is that it is totally depending on our luck, we can only reduce the risk if we play gambling in a control manner so as not to invest a huge amount of money in gambling in one time. We should put money in gambling up to a limit and should only continue playing gambling up to that limit.
Very risky which is the main reason why no one should ever gamble what they cannot afford to lose ?

Gambling is not a job where you get certain income at the end of it, the gambling owners make money from gamblers and not because you are playing some game on their site. If they wanted paying you for that, you would not even need to gamble with your funds in the first place.

There is nothing wrong with gambling as long as the gambler can consider it as fun and can decide to throw away some cash in the process or get lucky and anyone who thinks otherwise should not even be here.
1152  Economy / Gambling discussion / Re: Betting in bitcoin is legal or illegal? on: February 15, 2018, 08:37:54 AM
If i'm not mistaken there's no rule/law yet in our country about bitcoin gambling. It is not that widely spread yet so governments aren't making any move about it as of now but two of our local exchange site TOS saying it's likely prohibited. The other one even locking up the account together with their btc once they have found out the btc comes from gambling site.
We have very clear law about gambling here in my county and in our religion, but still people  continue playing gambling, may be the reason is that when people become tired of find jobs or do not have enough money to start a business then they are mostly attracted by gambling which they consider as the easiest way of making money, although it is the easiest and shortest way of making money but i think we cannot ignore the fact that it is also the most risky way of making money.
To me i don't see this as a source of income if you have no job because where are you going to get the money you want to bet? Through credit? What if you can't pay that debt? It will go stack and stack if you continue to get a credit but continues to play gamble.
It should not even be considered a source of income and I am sure most of the people who see it as such are even those with very little, and rather than build those little, they keep looking for quick ways to make money until they lose it all.

I even wonder where the whole idea of gambling as a source of income generated from. Also, the legality of gambling totally depends on the place where the gambler is domiciled and if there is any law against gambling itself, I am sure that would apply to crypto gambling as well and not just casino gambling.
1153  Economy / Gambling discussion / Re: Why not play games online instead of gambling? on: February 15, 2018, 06:49:15 AM
Online games are amazing and no risk at all but some people see this in a different way and some people even if they said that they gamble for fun they still want to earn some money which makes them more interested. We have our own ways to have fun just make sure you can affor to pay for its cost.
I have seen someone who told me before that taking risk is like a game to them.
Funny enough this guy gambles for the fun of it, he is a rich business man, he applies his style of gambling into real life and he has never been addicted once.

It is funny though, but not everyone see it as such. Most people see gambling as a way to make more money and that is where the problem starts. When they now lose a lot, they try to be in the zone of gambling is fun, when truly they know that the idea of losing money is never fun.
1154  Economy / Marketplace / Re: I've made 600k in Crypto - When to call it quits on: February 15, 2018, 03:47:13 AM
Sell
I would not consider selling everything though. I can just advise him to at least take out half of each of the coins, take a little bit of it to find some new and upcoming project with prospects and take a chunk of it to start some nice cool business offline. There is something with offline business that at least will give you some rest of mind to keep seeing money coming in for you all the time. Crypto profit is good, but getting too greedy sometimes is not the way to go.
1155  Economy / Trading Discussion / Re: How to participate in an ICO for a US citizen? on: February 14, 2018, 06:20:07 PM
Are there any ways to participate?
Many ICOs now have KYC procedures so it is becoming not enough to just use VPN..
Americans are excluded from this party..Are there any roundabout ways?
It all has to do with the regulation going on with ICOs in the US, and I have noticed it too as most US citizens are not allowed at least for now to participate in ICOs, except if you are lucky to find a viable project without KYC but as long as that is necessary, there is just nothing you can do about it.

Unless of course you have someone you can trust in another country, who you can transfer funds to, to invest in their name as someone already implied, asides that, I cannot think of anything else, except you relocate and become a citizen of another country.
1156  Economy / Speculation / Re: bitcoin is slowly rising again on: February 14, 2018, 05:00:55 PM
With bitcoin rising again, will it take long for it to be stable again?

Slowly growing? Its price was at $5800 just five days ago and at some point it has again touched the line of $9000, that is, an increase of more than 50% in less than a week, this is called "slow growth"? I think sometimes people tend to lose the true perspective of things in their eagerness to become millionaires overnight. I think that bitcoin has grown rapidly this week, especially if we take into account the fateful forecasts that hovered around the market.

I like the way you think. BTC had massive gains in December, massive losses in January and then massive gains in February. People have become too greedy and too unpatient and want to repeat 100% gains like in December 2017.
In fact, greed is just the right word. A lot of people just keep expecting that the market will just recover and start with a bull run immediately. Same reason we ended up having a lot of FOMOs in the market that ended up giving up their position to the whales at the slightest panic. Well, probably, the OP should know that every day is not Christmas but what we have had enough is even enough for a new year bonus.

I expect this rise to be slow, the bulls are not doing a lot of work to convince the smart investors and from the look of things, nothing is sure yet. However, with respect to what you are referring to as stable again? I would like to ask in return. When has it ever been stable in the literal terms?
1157  Economy / Economics / Re: Still Trading When Red? on: February 14, 2018, 03:52:33 PM


It is said that we can make money in trading when the market is up as well as when the market is down. Right now, the cryptocurrency market is experiencing a big bloodbath (though there might have been bigger ones before) where some are estimating that we lost around 40% of the market value so far. Though I personally believe that this is just temporary and very historical (it happened in the past on the same period), it is still sad to see what we have already gained just wipe out in some hours and days. This is just the way with cryptocurrency market...

Under this dire situation, are you still trading or you are pausing for a while just waiting for the right timing when to buy coins and tokens again?



Everytime the market is a good time for a good profit, though greener market is a good thing to see but then it is not the best time to buy as the market is in good condition and the price is not a good point to buy and hold, Red and bloody market is the best thing to have in buying some tokens and holding it till the trading market becomes green. We can maximize the profit as always, with so much blood in the market.
Been there done that and still doing it.
Yes, in fact, greed is what makes people to either see red as a problem except for those who are holding anyway. Most traders, who already know when to sell their position either at the top for profit without holding for too long and trying to get more profit, always have a chance to buy back into the market at a better value in the long run.

I have made quite some good bucks from the falling market, while still buying some for the long position for even much more profit. Each individual have their style, it is just always best to look at the good sides and make opportunity of every moment.
1158  Economy / Economics / Re: Do we need regulations? on: February 14, 2018, 08:30:06 AM
Yes we need regulations but it can be centralized they can ruled out the bitcoin.But being discipline and secured by hackers or scammers are one of the reasons why we need to regulate.No to being tolerated by others but to be in legal in all terms.
It cannot be centralized. Exchanges are centralized quite alright, but the main tech is not. That does not change anything about bitcoin or any of the other decentralized digital currency. I can still buy a house from you and pay in bitcoin at the exchange price without even the government knowing unless I just want to declare that myself, which obviously is not an issue for me anyway.

My point however is that, decentralization is still in play, but that is not a big threat to the government at least for now, since fiat is still in play with the exchanges, but for all of us to tolerate ourselves like you mentioned, this is really necessary at least for now.
1159  Economy / Economics / Re: Positive thinking brings positive things. on: February 13, 2018, 07:41:07 PM
Forums are being filled with speculation, almost all topics that appear lead to falling bitcoin prices, whether this will continue, this is the right time to buy, blah blah blah. Come on, the storm must pass, let us focus on the positive topics instead of continuing to discuss this 50% decline. Start talking about the positive news from Singapore deputy, bitcoin that has gone up 20% today and others. Think positive and positive things will come.
I just collect most of my information about bitcoin through bitcointalk and from the past few weeks i just never came across a good news regarding bitcoin. I agree with you that people should focus more on the positive side and spread some positive, true, good and informative news, so that unnecessary panic is avoided.
A lot of people just listen to whatever they want to listen to.
Yes, what some of these guys do is to spread FUD, and this is mostly done by whales who want the weak hands to dump harder so they can get in better, but the problem is that we have a lot of weak hands in the market and these are the same people that act on these FUDs, panic and sell at loss. There has been a lot of positive news on this thread on reasons why people should hold, but it seems most people prefer the negative ones, which is why the media make a lot on negative news.
1160  Economy / Trading Discussion / Re: Best places to obtain large amounts of BTC on: February 13, 2018, 06:42:50 PM
Whats the best place to obtain large amounts of bitcoin fairly quickly? I am talking 10$k +

For quickly and easy to obtain or lose your bitcoin maybe you can try gambling sites,Its fast to obtain bitcoin too,but its risky too.
Oh, there we go again. I thought with the merits being introduced, some of these shit posts would have reduced a lot by now. How does this have anything to do with what the OP just asked? Gambling sites, really? For someone who is looking for where to buy a huge amount of bitcoin ?

Anyway, I will say the OP may not really get a definite answer here as it all depends on the country of location. However, there are several exchanges that can easily give out that amount as long as the person making the transaction is verified, otherwise localbitcoin or other P2P exchanges should be good enough to boycott the whole KYC idea but at your own risk.
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