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1  Other / Politics & Society / Re: [POLL] China Virus Source on: February 09, 2020, 07:16:29 AM
Well it could also be from negligence of the people where it started. I mean, yeah let's face it, the chinese government isn't telling us everything. But consuming bats or snakes or whatever without proper hygiene and preparation would certainly put anyone at risk of getting a disease. I've seen  videos taken from the market where it all started and this could've started way before.
2  Economy / Economics / Re: If you could invest your cryptocurrencies in the environment would you? on: January 30, 2020, 07:15:28 AM
Well probably not everything. But it would be nice to be investing in something that for me, would not only seem right for myself, but for a bigger purpose. I'm pretty sure an roi for this wouldn't be as much as it's worth, but if i have the means to invest my coins in an environmental project, i probably wouldn't have second thoughts.
3  Economy / Economics / Re: Corona Virus and The Effect on The Markets on: January 29, 2020, 11:40:48 AM

The Corona virus is spreading and is visible in the financial markets as well as in Bitcoin : https://youtu.be/DZ7Ps70of4I

Well if you'll observe, the market has gone positive quite recently. I don't know if there's any connection but it seems that circumstances like these would make digital and electronic transaction more relevant. It's safer that p2p contact transactions. I think there are people who also thinks this way and looks ahead, boosting crypto's stock. We've quite sustained 9k already for a few days.
4  Economy / Speculation / Re: Bitcoin halving. on: January 28, 2020, 09:13:25 AM
Hi guys.
No doubt about the fact bitcoin halving will definitely be coming up this year.
What do you make up of that event?
What do you think It is gonna be its effect in the price.?
Will you suggest accumulation of bitcoin before the event?


BTCCheersBTC

Halving is supposed to be for the limitation of mining rewards. This is the same with the actual mining of precious metals and stones. The longer the mining is being done, the scarcer the reward goes because there is only limited resources. Just like Bitcoin, there are limited number of Bitcoins to be mined. Due to this, the value will also grow because of scarcity. This is in theory. In reality, the price is still determined by the public.

Well the public seems to be interested only in what happens to the price before and after this event takes place. More than understanding how and why it happens, a lot us prefer to look at previous halvings and make up speculation that compare this year's and the ones that took place in 2016 and 2012. Though you've put it quite simply there dude.
5  Economy / Speculation / Re: It's over $9000! on: January 28, 2020, 07:57:45 AM
Super Saiyan to the moon? LOL

Just don't get too optimistic or carried away. It's just end of January and we have a pandemic on the way so we can expect people to be more emotional and unpredictable. It's great to see it break into $9k but we know it can do better.

Well if we continue to move up, i think one factor would be because people would now consider crypto and other electronic transactions with this corona scare. In china, electronic payments like alipay are being utilized to avoid having contact with other people. Crypto is probably being considered now as a feasible alternative. I just thought about that while watching the charts a while ago.
6  Economy / Trading Discussion / Re: The End of Crypto Signal Groups on: January 28, 2020, 06:43:14 AM
I found out that in a telegram, many crypto signal groups available but we don't know which groups could give the right signal. I think people are tired to check the signals from a few months ago because the market is not showing significant movements and the price still at a low price. But it seems, the signal groups now are trying to give a new signal by spreading many signals from the market and hope that one or two signal could work for them. And if you decide to use that signal from whatever sources, you better to analyze again, so you know if the signal will work or not.

I was in a similar situation. Even if you find a group with a good percentage of predictions, you will still have a rather laborious task to implement these signals.
Because in a month you will receive a rather large number of signals, and not all of them will be successful, but suppose that more than 60% will still do their job.

Then we are faced with the second problem - this is the execution time of the signals. After all, no one knows when this will happen, it can happen in the period from one day to 4 months.
Thus, in order to realize the potential of such signals, you need to bet on almost all, or at least 90% of these signals, and at the same time wait a long time until they are realized, which is sometimes extremely difficult to do.

And in order for you to do that, you'll need a big base fund. It's not really worth the risk. These signal groups, mostly on telegram, rely on pumps and dumps. Missing the initial pump and exiting while still on profit could very well cost you your investment money. These groups don't care about you. They make money out of people gullibility. And people now are more aware of how these pump and dump groups work so they has less money to work with.
7  Other / Politics & Society / Re: Millionnaire mind : How to be rich? on: January 28, 2020, 03:44:37 AM
They are open minded for business they don't overspend their money.
They only buy what they need or what they could afford unlike most of us we would take a loan just to have what we want just to celebrate what we want.
They know how to control their money.
good words.
in other words, financial management is the most important thing if they want to become a successful businessman. many people who are just trying to learn business but they often forget important things like that. my personal opinion, controlling money is indeed very difficult especially when a desire is greater than its usefulness (I feel that I am not yet suitable in business).

One thing to note as well is that most of these self made millionaires did it over a long time. It doesn't happen overnight. There probably were a lot of disappointments and heartbreaks along the way. I'm not yet a millionaire but i think one way to go there would be to not be afraid of going for a long run. Small steps forward would one way or another get you to your goal. It may take years but look at those people at the top. They made it there because of their determination.
8  Other / Politics & Society / Re: Coronavirus Outbreak on: January 27, 2020, 12:44:15 PM
It's really worrisome when we look at the speed at which this Corona virus is spreading now though the entire world and leaving casualties in its trail. It's a no-joke stuff at all. I strongly believe it's even worse than Ebola. So, all hands should be on deck to curtail its spread.

It seems that way. We've moved from a threat of ww3 to being at the start of a wwz like outbreak. It' scary since this virus is airborne and the chinese seem to be willfully going to other countries without much thought about carrying and spreading the virus. It's a troubling time, to think that we're just on the first month of this year.
9  Bitcoin / Bitcoin Discussion / Re: Air, Water, Bitcoin on: January 27, 2020, 09:49:12 AM
Without air and water life no worka.

P2P commerce is also essential.

Past human history is checkered with currency manipulation and conflict..

Enter a new element for humanity; trustless p2p currency, globally decentralized...

Something humanity has been craving since the dawn of human history.

 Cool

I get your point about p2p, decentralization, and all other transactions that involves money, e-commerce  and financial advantages, but comparing It to air and water is completely out of context. First thing comes to my mind after I read your post is the level of greed that taking over your whole body and soul. You are the kind of person who will trade nature over the latest and high technology without any hesitation.

Incase you forgot your history. People from the past 500 years or so live without a piece of money.

And what made you so sure that if in case that happens, it would still be bitcoin? A lot of things can change in very little time and the use of btc may be obsolete with fiat working with another kind of online currency. Too much bias on bitcoin or crypto in this. Bitcoin is necessary, but we can live without it.
10  Bitcoin / Bitcoin Discussion / Re: Why people debate so much about BTC value? on: January 27, 2020, 08:15:44 AM
i don't think People are debating about the Price of bitcoin instead people are talking about when to grow or when to fall,there is no debate on that matter because sharing thoughts and speculations is helping people to have ideas or hints (also can make people down or grow).
People argue so much about the value of bitcoin because It is traded on exchanges and has a lot of volatility. And as a result, many speculators want to make a profit from trading bitcoins. Almost all new investors are interested in the possibility of enrichment with the help of cryptocurrency, and not its technical capabilities.
no argumentation at all mate,because we cannot make the price at any moment unless all of us make one stand in which currency to invest then this is making things happen.

Nope there are arguments. Hopefully none went too far but the price of btc is a good topic for traders and chart readers. We don't have the same take on how the price would go but there are those who are too confident in their tech analysis skills that they're willing to pit themselves against the same kind of people. Here is where debates happen. Though for me, it's just two side trying to prove something that can't be proven 100 percent.
11  Economy / Gambling discussion / Re: 2020 NBA Season on: January 27, 2020, 06:10:27 AM
Utter disbelief. I thought it was just some sick joke the first time i saw the news on social media. Turns out he's really gone. A lot of us grew watching and admiring him, and seeing him grow as well. The guy's done a lot and it's really heartbreaking to realize we won't be seeing him anymore. Though what's more devastating was that gianna was with him. Talented young girl with so much potential in carrying her father's basketball legacy. This indeed is a sad day.
12  Economy / Speculation / Re: Bitcoin price. Will go up? or Will go down below $8600? over the night on: January 26, 2020, 12:07:56 PM
Are you aware about the elliott wave? There is a deep pullback that happen right now where the price breakdown. If the price recovers where it beat the previous high which is at around $9000 then there will be a next wave happen. A typical wave consists of 5 parts, the 2nd part and the 4th parth are the pullbacks. The 1st, 3rd and the 5th are the markup stages. We are in the 2nd wave and I know that it is just a healthy pullback where the bitcoin can easily surpass its current resistance.

If it just were that easy to determine dude. The thing is, we don't know how long this second wave is going to last. That is if we're following your elliott wave, which i don't think is even that much reliable in reading the chart movement.
13  Economy / Speculation / Re: Will Bitcoin Get Its First Price? on: January 26, 2020, 08:44:15 AM
Today, the price of bitcoin is going up and down. Many are saying that the price of Bitcoin cannot reach $ 20,000 now.
That can be the right thing to see. This is the reason why Bitcoin has been locked in several countries. The only way Bitcoin can be priced in its true state is if the countries where Bitcoin is closed are removed. Did I say right?
Some of the most important and powerful countries of the world do not seem to want to ban bitcoin, they understand the technology, once they ban bitcoin they are not going to have any recourse against it since people will begin to transact directly in it, a ban from a big country may have a temporal effect on bitcoin but after some time things will go back to the way they were, the reason the price cannot go to 20k is because there is simply not demand for it.

Or these countries just don't see anything major in btc to warrant a ban or a full support. There are more countries who are dealing indifferently with bitcoin that those who're spending time in it, like china. I guess these countries see both the harm and good and just lets its citizens decide for themselves of they want to deal with crypto.
14  Economy / Trading Discussion / Re: Whales keep getting richer and richer while everybody else is losing... on: January 26, 2020, 07:02:45 AM
I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.

Well most of these rich people had to go through what we we're experiencing everyday. People like jack ma, mark zuckerberg, bill gates, manny pacquiao, all these weren't born rich. Perseverance, hard work and being smart with what they're doing paved the way to their success. And whales aren't the only ones making good money out of crypto. They make waves and we just need to find ways on how to ride those waves.
15  Economy / Trading Discussion / Re: You CANNOT trade successfully without RISK-MANAGEMENT on: January 25, 2020, 11:19:10 AM
Honestly I did not use any device as a risk management. I will only set a price value bracket when to stop to invest. Like when the coin price value will fall more than 60% of your capital I think it is the time liquidate. And the best risk management that each of us can easily apply is fact that you need to invest the amount that are ready to loss.

In the real sense of it, your loss that you set should be worked with your balance because if you lose a greater percentage of your balance in a first trade and continuously losing such, you will see that your account will be off. At least 1 percent loss in your trade is recommended.

Well he did say that a major aspect of risk management is simply to put in money that you can afford to lose. So in cases where you become too careless or unlucky, which will cause big losses on your capital, it won't hurt you that much. It's just about looking a few steps ahead. It's easier to manage the risks if you're not that afraid of losing all your capital.
16  Economy / Trading Discussion / Re: Full time trading is boring on: January 25, 2020, 10:25:45 AM
To avoid the biggest and most frightening cons, it's obvious, we must have time to take a break because even though you always monitor the chart all the time it doesn't guarantee you get good results because then you will only get increasing pressure and you will find it hard to concentrate properly. Make your trading as a normal activity like other workers out there who only need 8-12 hours a day and you still have other time to spend on socializing or even taking longer breaks and going on vacation.
Yes, we should take a break to relax and also to reduce the stress that we have from trading. Trading will become really boring if you will do it regularly or by just forcing yourself. It would be better for you if you are going to change some of the routines that you are currently on so you will feel less stressed and you can do other things that you enjoy.

Well trading full time doesn't necessarily mean that you'll stay in front of your computer or device and glue your eyes on the market movement. Of course there will be time to do other things. Just like when you're on a full time job, you get to have breaks. Though it's not for everybody of course. It can work if you're a full time crypto enthusiast and watching the hourly movements interest you a lot.
17  Economy / Trading Discussion / Re: Stop Loss, A life saver or a evil? on: January 25, 2020, 08:02:59 AM
Hello,

I had this question in mind, since many of my trades with an adjusted stop loss got triggered, but then the market goes in the direction I wanted, but since it got triggered basically im out. I know this is due to big fishes messing around.

What do you guys think, is stop loss something or, or not so good?
Maybe you didnít set the stop loss the way youíre meant to set it. You shouldnít be setting your stop loss at random levels, you should be setting it in a position that will allow some fluctuation, that means you have to put it below the swing low, which what you have just explained here : the price of Bitcoin or any other cryptocurrency youíre trading can fall and also bounce back, thatís why you have to make sure youíre following the trend.

Making use of stop loss is not really as easy as some think it is , I have seen a few people complain the same about missing out after their stop loss cancel our their order.

Well it's always better to miss out than to lose big. That's what this feature prevents. It gives you cushion to stay alive for another day. I've had experiences when the price of the coin shoots up after the value hit my sl level. It's part of trading. You won't be able to know anyways when the movement will go up. Always better to be safe than sorry.
18  Economy / Trading Discussion / Re: What are the most popular cryptocurrencies for investors? on: January 25, 2020, 07:16:20 AM
Well you don't really need extensive research to figure out which crypto coins are preferred by investors.  A quick peek into cmc would tell you that. Btc, eth, ripple and the top market coins are preferred by majority who doesn't want to gamble big with untested coins. Btc of course would top any list when it comes to investment popularity.
19  Bitcoin / Bitcoin Discussion / Re: Selling milk tea for Bitcoin on: January 24, 2020, 02:01:45 PM
I think this is going to be a worthwhile experiment, and a great way to start letting people aware about Bitcoin. Maybe I should put some creative promos for those who will buy milk tea using Bitcoin. What do you guys think?
You also need to put a sign which tells that you accept Bitcoin in front of your place so people can easily see it. Creative promos for those who will buy using bitcoin, I'm thinking of giving something like a freebies only for those who will use Bitcoin for payments. Like a limited freebies, what do you think? Or just like what cafe usually do, a card when the customer have to buy 10 drinks to get a 1 free drink. Maybe you can give customers who will use Bitcoin.

But overall, it's a great idea

What's likely to happen here is that you'll draw those people who are into crypto to your place. Great way to get attention for crypto use but i doubt that non holders would exchange their fiat to btc just so they can use it to buy products in bitcoin. It's going to be interesting for users to sit around and talk about something they and you have in common.
20  Bitcoin / Bitcoin Discussion / Re: What happens to my two Bitcoins (just for example) if I lose my security key? on: January 24, 2020, 11:51:06 AM
Well it's likely your second scenario. Sadly, there' no way for you to retrieve lost bitcoins if you lose your security key. It's like keeping your money in a private safe box and then dropping the safe box in the ocean. And i agree that it will, of course, not be a part of the circulation, but will be a stagnant part of the supply.
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