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61
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Bitcoin / Bitcoin Discussion / Re: How Do You Make Money With Bitcoin?
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on: December 28, 2019, 09:06:56 AM
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1- Are you a daily trader? who buy BTC at loew price and sell it with higher price at the end of the day, If no why?
2- Are you a BTC holder? who bought BTC and hold it for months, Years to be in profit?
3- you tell me.
I am more of a trader rather than a holder of bitcoins. As I think that always one bitcoin will remain one bitcoin no matter the cost, so what's the profit in holding a bitcoin. So i try to trade my bitcoins so as to increase my chances of squeezing more profit. |
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62
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Economy / Trading Discussion / Re: Do you ever trade at work?
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on: December 14, 2019, 04:19:46 PM
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Do you ever trade at work or trade on your work computer? Any reason why you think this might be a terrible idea?
I don't trade at work as I think it is a terrible idea to trade in the office with your work computer as the IT guys always know if there something else going on in your computer and that can lead to you getting fired and also that many of my colleagues think that bitcoin is a bad thing used for illicit purposes. So I avoid talking about bitcoin with them. |
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63
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Economy / Gambling discussion / Re: What matters most to online casinos?
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on: December 14, 2019, 02:45:46 PM
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I've been running a topic for the last few days, what attracts most people to online casino and what keeps them?
In my opinion, the most important indicator is the financial situation, as much as you got lost.
If it's not a tense background, it's very important to me that the background is calm and relaxes me.
Your opinion.
The user interface and the number of options matters the most for me while looking for an online casino. Also the house edgs plays a big role for me as the casino with greater house edge is never gonna let you win. The user reviews on the online forums are also a good way to decide what's good or not as many people have tried those casinos. |
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64
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Economy / Trading Discussion / Re: Trade with USDT or BTC?
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on: December 14, 2019, 01:43:51 PM
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I think BTC trading is better rather than USDT because all we know that BTC is the most progressive coin. If we choose BTC specially in long term trading it is has more opportunity to earn or far from loss because all we know that btc is the most strongest and oldest coin here in crypto world so we can give our trust.
I agree with you because the trade on bitcoin is much stronger than mine and either USDT Most people trade on Bitcoin and it is very popular. Everything depends on the situation and everything gets better over time That's why bitcoin is better than USDT. The fact is that it is better to choose Bitcoin for trading, because in this situation you have the opportunity to earn thanks to the volatility of this coin. A USDT coin with an almost stable price and it is almost impossible to make money on the difference in price. In any case, USDT is a very good stable coin, which can be used to stabilize its assets during the fall of the cryptocurrency market in order to avoid large losses. I preciously used to think that selling my coins in USDT isn't a good idea at all as it is a stable coin and no growth can happen in it, but as the market crashes then keeping your money in USDT is the best thing you can do as then you will be having a great chance to buy back your bitcoins at a cheap rate. But in case of a bear market then you should always keep trading in bitcoins as the price of bitcoin will also increase along with the other coin that you are trading against. |
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65
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Economy / Trading Discussion / Re: Do expert traders hide their loses?
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on: December 14, 2019, 10:34:34 AM
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I notice that some experts doing online trading journals just show you all their wins, and they hide their loses and anything stupid they did to lose money. What traders out there sharing their daily trades are The Real McCoy? I am sure that ever super traders make super stupid mistakes, then they just do not want people to think they did anything stupid. Where are their big loses at? Why do they only show their wins?  The Real McCoy The expert traders are said expert because they don't have fear of loosing and they embrace losses with equal happiness as a win as they get a chance to learn from their mistakes and try not to repeat those in the future whereas the novice traders are quiet the opposite as they always show their wins to make them proud on the surface but inside they are afraid of loosing. |
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66
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Economy / Economics / Re: Crypto Taxation
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on: December 12, 2019, 01:03:02 PM
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Currently, governments can only tax cryptocurrency exchanges and users in those trading networks. Apart from the exchanges they manage, there's no other way to collect taxes. If they want to collect taxes on Crypto users, they need more specific and complete rules
Governments will continue to study cryptocurrency and establish new rules in order to tax cryptocurrencies and we won’t go anywhere. In general, taxes will need to be paid so that the cryptocurrency is not outlawed by them. Of course, as always, whenever possible, we will avoid paying such taxes. So it was and so, perhaps, will be in the future. Any state has the right to establish taxes on any type of activity of citizens that brings them income. All the reasoning that this does not concern them does not make sense. That is why if a country implements cryptocurrency is not illegal because they have already taken tax from the exchange, for example in my country now every cryptocurrency / commodity / forex, will be charged expensive fees if they want to establish a company. The point is that the government does not want to take risks and does not want to make efforts to take care of cryptocurrency, they throw all it's affairs into the exchange. That is so unfair, the money in crypto is the citizen's hard work and yet the government will just get taxes out of it. That's so irritating, I hope they consider first the crypto as money before they do that. They just get it from exchange and that's so disturbing. One day, crypto will just become a normal currency that many will use. Exchange also should be tax-free and let the people or citizen cash out their money without deduction. It's just that if you will keep your bitcoins in your wallet then no one can take taxes from you as your private keys are only with you and no one can take out your bitcoins if they don't have your private keys. And if government start taking your money from the exchanges then we will have to keep our money in our wallets and when we want to sell our coins then we can do p2p trades instead of going to exchanges. |
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67
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Economy / Economics / Re: Don't spend bitcoin. Not now.
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on: December 12, 2019, 12:02:55 PM
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Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.
Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.
People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.
That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.
99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.
Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.
Do not spend your Bitcoins. Not now.
I disagree, if nobody spends bitcoin as a means of payment then it will never become a solid form of payment. It needs to be accepted as a means of bartering a good or service in return for bitcoin. If no one spends it, it will never qualify as money. Some people do hoard bitcoin and that is fine for them, but many others use it as a daily currency which I encourage. Well according to me bitcoin isn't going to become solid form of payment because it is a means of speculation and investment for most of the people now and only a few people are using it as a form of payment. A small cap coin should be used as a means of payment just because of low transaction fees like ethereum, as it is having a pretty fast chain and low fees which is quiet the opposite of bitcoin. |
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68
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Bitcoin / Bitcoin Discussion / Re: What's the most complicated thing about Bitcoin?
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on: December 12, 2019, 11:23:16 AM
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Since i first started to discover about bitcoin the thing that makes me complicated to understand about bitcoin is how it was created and how could you spend bitcoin if no one could ever accept bitcoin as a currency. I have a lot of questions that time, but for now some of my questions already have been answered since i started to study about bitcoin and blockchain technology, and with the help of the members of these forum.
What I found most complicated about bitcoin was that the transactions were on a public ledger but no one ever knew who was sending the coins to whom as the addresses weren't connected to any physical identity. This was the problem that I faced and also that why can't the transactions be reversed. But with time I understood all the things taking place behind the curtain. |
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69
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Economy / Trading Discussion / Re: I am not lucky in trading - what am I doing wrong?
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on: December 10, 2019, 04:34:24 PM
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Hello all, need advise, if any exist  I am trading btc few years - but it seems I havent learnt anything. My plan was to use bitcoin volatility to earn some extra btc, but it seems I am not able to do this. I am selling/buying always in wrong time. Using volume as only indicator, as others do not make sense for me. For example I see a series of red candles with increased selling volume, price crossing support line (like today crossing 7040, 7000, 6900 USD) so I sold 0.8btc in expectation price fall to 6500 usd as few days ago. But 1.5 hour later price changed and went up and my prediction was again wrong. And the same is during increase of price. If the price hits e.g. 10300 usd and starts falling I do not sell, because I am not sure when it will turn again. And then I usually miss fall in price from 10300 to 7300 which is finally 3000 usd, what you can earn on 1 sold btc at correct time. Am I doing something completly wrong? Or it is not possible to predict the movement of btc? thanks P. Taking volume as the only indicator is the thing that you are doing wrong as there are more indicators that are always in play. You should also consider learning charting as it is the most valuable thing for earning profit, if you are doing it right then you can earn high profits with just limited risk and if not then you will end up doing wrong just like you are doing now. |
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70
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Economy / Trading Discussion / Re: Can I still get wealthy through Bitcoin?
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on: December 10, 2019, 03:32:06 PM
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Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires. Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?
Bitcoin is currently beyond the early adapters phase and those amount of fortunes can't be achieved by everyone by investing now. But you can get a handsome return over your investment if you invest in dips and sell in bull market. Also trading bitcoins will greatly boost the amount of money that you will make over the long run. |
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71
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Daily Living
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on: December 10, 2019, 12:50:05 PM
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I prefer bitcoin as an investment or a profitable asset in the long run, but if I really need it, I will use it as needed because I prioritize bitcoin as an asset.
and other reasons because in the country where I live, if I want to use bitcoin to be used as a payment, I have to exchange bitcoin to fiat to be used as a payment or for whatever purchases I want.
Typically people will repurchase bitcoin with their fiat when they want to use bitcoin for a payment. Using bitcoin for payments isn't a good idea at all if you ask me as the transaction fees is pretty high and using fiat is quiet convenient as there is no waiting time at all for confirming the transaction and also no fees is required. I use bitcoin only for the investment purposes. |
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72
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Economy / Economics / Re: You want to get rich, don’t pay taxes, don’t get married, don’t use bank, and...
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on: December 10, 2019, 12:20:23 PM
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All these things OP have mentioned, avoiding them is never going to make you rich, so your list is a joke. Every rich man I know and even the ones we know today as the world's richest men, none of them got to the position they are today by avoiding to pay their tax or avoiding to get marriage, etc. But they are still rich. It's hard work and grace that will get you to the top and not all these things you have written here.
And as for people getting a divorce and losing half of their wealth, well that's their business. Marriage isn't something you jump into, the process should be step by step unless you will end up getting married to the wrong person and when you do, at the end you're still going to divorce.
Don't paying your taxes is just going to help you in getting a step closer to going to prison. Paying taxes makes your country strong which directly benefits whatever you are doing as there will be development all around the country and that will increase number of jobs, the economy and the value of money that you hold and potentially the money that you are going to make in the long run. |
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73
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Economy / Economics / Re: Future without Middle men big way, but big Question?
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on: December 09, 2019, 05:28:56 PM
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I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....
But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?
Middle men are a critical part of day to day life, even in online transactions middle men are necessary as the user don't have to trust the seller and also the seller doesn't have to trust buyer they just give their things to third party and the deal goes smoothly. I can't even imagine an era without middle men. Many people try to avoid middle men for transactions just because it will become somewhat cheaper by directly sending to seller which I don't think is a good idea at all, as it increases the chances of a scam and online it becomes more common. |
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74
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Economy / Speculation / Re: Can one have any expertise in Speculating?
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on: December 09, 2019, 02:12:26 PM
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Some brief thoughts on this subject:
I noticed that speculators often do a lot of speculating.
What else would they do?  With that said, is it possible to focus on speculating only, reading nothing else but all the speculating topics and then somehow becoming better at speculating than others?
You can call it experience or being in the frontlines for so many times. That means they have the most seen story than others or they might have done it more. Yeah, you could get better in it. Somehow, you will find yourself getting the right speculation than others which are just new to the discussions. Although, there is really no training about it. There are actually good tutorials for us to learn to speculate but they are given by users on youtube, though not very detailed they still are good enough for you to get something out of it. There were users gives signals claiming to be experts, that might not be a good option for you to listen to them when you trade for most of these users are just wanting people to buy while they sell. Somehow though they do have a good amount of followers on their channel. Most of the Youtubers are just in it for profits sake as they hoard one coin many days before announcing that the coin is going to boost in value after inflating its price and then the creator of the video sells his coins for profit while all of his followers are busy buying inflated coins from him. But there are only a few people who I understand are not scammer and provide really good knowledge in their videos. |
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75
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Bitcoin / Bitcoin Discussion / Re: Bitcoin addresses hits an all time high!
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on: December 09, 2019, 12:59:30 PM
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In was recently reported that the number of unique Bitcoin addresses holding an excess of 0 bitcoins i.e more than zero bitcoin in them just got to an all time high Bitcoin recently hit a new milestone and an all-time high for its addresses. It currently has more addresses with BTC in it than at any other time in its history... ...Bitcoin now boasts some 28.39M addresses with more than 0 BTC in them. This tops the previous all-time high seen in January 2018 when the network hit 28.384M active addresses. The story was first reported by analyst Alex Thorn (@intangiblecoins)... Full article: https://beincrypto.com/bitcoin-addresses-hit-a-new-all-time-high/amp/?__twitter_impression=trueThis shows an evident increase in the adoption of Bitcoin all over the world, although unique addresses does not necessarily translate to unique users of the network, it shows the growth of the network. Is this evidence of Bitcoin going mainstream? Would an ATH in addresses lead to a new ATH in the price? Increase in the number of bitcoin addresses doesn't necessarily mean in an overall increase in the price of bitcoin as you said it just means that the network is growing. But surely it can eventually lead to an increase in price of bitcoin if the underlying issues such as high transaction fees can be solved. I personally use ethereum to transfer funds from one place to another just because of the high fees occurring in transferring bitcoins. If problems like these are solved then bitcoin user adaption will grow just like old days when bitcoin controlled more than 70% of the network. |
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76
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Bitcoin / Bitcoin Discussion / Re: What makes you trust bitcoin related services?
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on: December 09, 2019, 12:26:17 PM
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I use the site because there are some of my friends who use the site so I followed it, and I also read the references first in the information section of a site to find certainty and also ways to use the features contained in the site. after that I try to use it, if it's safe then I will settle down
what type of website is that? is that a gambling website or some kind of exchange? or are you just saying in general.. indeed most of the trust comes from a number of reviews, to put it simply in my opinion, I will try a small amount later if I win a big bet whether he will pay or not. because of some of the cases I've experienced, some of them are sometimes difficult to pay big wins, if it happens on a gambling site. but if it happens to the exchange I think it's very simple how to trust it. look for reviews on this forum so much about it. There have been many instances when the gambling site didn't pay a big win to an individual and when the user posts this in the community then the website owners deposit the amount to the account of the individual just to save their reputation. Such an incident was posted in past in this forum as well a few months back. I also look for the user reviews and current payout status on the gambling websites and trading websites respectively. |
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77
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Economy / Trading Discussion / Re: Where/how do you make TA?
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on: December 09, 2019, 11:43:05 AM
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Hey chart brothers! Interested in how you make your TA?
Do you use tools or any indicators as guidelines etc?
Thanks, wish you a good trade.
I make my trading strategies on trading view. Mostly I study chart patterns and Google trends and news and after that I decide either to long or short my trade depending on the market buildup. I also see tweets by a few renowned charters on what are their picks in the market. It is the charting and predicting the right market moves that makes traders different from speculators. |
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78
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Economy / Trading Discussion / Re: Where you take inspiration when you tired from trading?
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on: December 08, 2019, 01:01:46 PM
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Where you take inspiration when you tired from trading?
i hard to say when you sometimes tired from trading or have stress from ico or lose part of deposit. What you do to relax refresh youself and get inspiration for new trade. How much time you need to refresh youself for new hight.
There is a South Korean youtuber who shares his trading results each day, so I watch his videos to learn more and also get inspired to do things like him and get more profit. If any of my trades go wrong I take a break of a complete day so as to see where I slacked and what did I do wrong and next time I try not to repeat the mistakes I did in the past. These strategies have helped me a lot to recover from a bad trade. |
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79
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Economy / Speculation / Re: Bull run is delayed! Halving not helping! Bear go away
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on: December 08, 2019, 11:12:19 AM
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What was your basis when you say its "delayed"? If any live person knows when bull run will happen, there will be a lot of millionaires by now since they can predict when bull run will happen. If your basis is "your" technical analysis, then its not delayed, it simply means your analysis is wrong. In my case I am not waiting for any bull run to happen, I will just take advantage of the small surge and drop of price of Bitcoin. 1.5% per day is better than nothing.
Usually december is bull run month. So its delayed! Halving not helping either If this will go on then btc Will go to the Zero! That's not Good Can anyone who Got power Can do it something? We need bull run Badly!! Real bull run is when at least 10 coins Will go everyday! That's what I mean is real bull run!! Im not talking about bull traps but the real bull run!! Take a look at the price of Bitcoin for the last 5 years on the last quarter of each year October 3, 2018 $6,493 December 25, 2018 $3,837 down by -41% October 3, 2017 $4,312 December 25, 2017 $13,843 up by 221% October 3, 2016 $613 December 25, 2016 $875 up by 42% October 3, 2015 $238 December 25, 2015 $454 up by 90% October 3, 2014 $373 December 25, 2014 $330 down by -12% I can see bull run only on 2017, but on 2016 and 2015 the changes are just normal. If you look at the price of Bitcoin February 11, 2019 $3,617 and April 11, 2019 $5,124, that's up by 42%. Then by June 28, 2019 $11,668 that's up by 222%. What I'm trying to say is no need to wait for December. Bull run may happen any time. Bull run does not pick a month where it will start. Bull run doesn't need a month that it will only happen in December or when feds print more money, as usually in those cases the price tend to correct itself as these are news driven events and aren't a good indicator of market support and if a rally starts from these events it usually bursts and then the market bleeds and people loose a lot of money. A healthy price increase is what bitcoin needs and that too I don't think will happen before the block reward halving as all the speculators are holding their coins for future to see the price of bitcoin after halving. |
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80
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Bitcoin / Bitcoin Discussion / Re: Why are the world’s governments not using cryptocurrencies?
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on: December 08, 2019, 07:47:24 AM
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I’ve recently learned the many advantages of cryptocurrencies and how they can revolutionize the way we use money around the world, so why are the world’s governments not adopting them to be used as a form of currency?
There are many advantages of cryptocurrencies that surpass fiat currencies that we used on a day to day basis such as better security due to blockchain technology, cryptocurrencies not really being affected by global financial events as it is a decentralized currency
Why are the governments not adopting cryptocurrencies? Is it a world-wide conspiracy by the elite in order to keep in power? Or is it that the people in charge are rather ignorant of the advantages of cryptocurrencies in order to keep the current system of power?
First of all the data is stored in form of a public ledger in case of blockchain system and everyone can see where the funds are being transferred and from which address they are going which the government don't want us to see as to what they are doing in secret. And also that crypto is volatile and the value stored can become zero any time if anything bad happens in market or maybe due to a false rumour. |
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