Thanks for this information and this is quiet an inspiring words specially to those people who wants to learn trading.I could really say that it would really require to learn trading for longer years and its not an easy thing because you will need to build up experience and strategies to be profitable.Its very true that some people are not interested into the word "trading" when they do have jobs.Just like on my situation i dont have a job but still i would really love to learn trading not just for last resort on making money but i do have really the dream of being a professional trader.
Yeah,the best traders in the world learn from their mistakes and continue to trade. They have one thing in common-lots of money....  Trading is actually like having a job.It is like a job, yes and the risk they take is greater. But it is a "job" they love to do. All the research, the hard work and the buying and selling they are doing must really not feel like a real job for them. Because one thing I have noticed is with them, they enjoy it a lot and maybe it feels like they are incomplete without it. |
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To all the TA experts out there (masterluc, RyNinDaCleM, chainsaw, chessnut, and the many others I am leaving out!), I am wondering whether it makes sense to talk about the time frame that a given trader is working in, in the context of a single trade.
- When trading, do you consciously pick a timeframe? i.e. do you pick a candlestick time interval and stick with it for the duration of the trade?
- Suppose a trader makes a buy based on a pattern in the hourly charts, but then makes a sell based on a pattern based in the 5-minute charts. (Or vice versa). Would that be considered poor practice? Would it be evidence of an undisciplined trader? Or would you encourage a trader to look at multiple timeframes within a single trade? Or does it matter one way or another?
TA does not work (mostly), otherwise all TA experts would be insanely rich already which is typically not the case. If that is the case then would it be valid to say that all those authors who wrote all the books about technical analysis are scamming the trading newbies like us into thinking that we too can be winners in trading only if we learn it? When I say "they are scamming us" what I mean is that those authors know that what they are writing about does not really work. |
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Would be great to see loads of support & a new fooor at $1000 but I don't think we're quite there yet, here's hoping though. Would be bullish AF.
I agree. $1000 broke quite easily if you ask me and it shows the nature of Bitcoin and the Bitcoin traders. Quick gains and quick losses are the name of the game which is why there are people in the mainstream that have a hard time taking it seriously as an investment vehicle. |
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Yes thank you for doing that. An explanation of how he invented the "Bubble Index" would be a welcome effort from him. It would be nice for the people with an economics or a finance background to see and scrutinize it and find out if it has some validity. We should not be ready to take what people say seriously and should save a little doubt in order to know which are based on facts and which is not.
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Whilst working out at the gym it came to me. I think I get what you are trying to say now. So what about this explanation. Let us say that Bitcoin indeed reached $1m per coin. Every Bitcoin holder will be rich and that will encourage them to spend their coins, thus achieving the Big Rip more quickly. A person who is holding BTC0.5 even will have enough to spend for his needs for a few years.
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Bitcoin price will again go down to 600-650$ by june-july end.By august it will be definitely in range of 600-650$
Bitcoin value will again start dropping down after reaching 1.2k$ or max 1.3k$ or else will start taking fall soon.
As per reports in a month or two bitcoin will again start falling down from 1000 slowly and steadily and will reach 600 in 6 months and will again start rising after september end/october.
What do you base this prediction on and why should we listen to you? What are your qualifications for doing this prediction and what is your work background? Did you work as an investment banker, a financial analyst or as a securities trader? For now let us assume that you are talking nonsense and I would personally assume that you already sold your Bitcoins and did not expect the price to go past $1000. |
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I don't use bitcoin debit card because it is additional expenses and bother. I use CEX.IO instead. I sell bitcoins when I need and withdraw them from cex wallet directly to my regular Visa bank card and pay for this withdrawal $3.80 only. This is a cheapest fee. BTW, it's instant! This is a nice feature for all exchanges to have. I believe the next exchange to implement something like this will be Bitstamp or Kraken. I have one question. Does the card have to be Visa? Do they also accept Master Card? |
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That's the whole idea behind the Big Rip!
Hoarders holding on to their coins will make less coins participating in circulation (Bitcoin as a financial asset and currency), and the price can be however high. What about 1M dollars per bitcoin with a few hundred million bitcoin holders and only a few hundred bitcoins being freely traded across the world? If someone should decide to cash out his 1K stash of bitcoins, it will be bought up immediately by millions of greedy hands. Ultimately, it will cause all 21M bitcoins (minus lost bitcoins, of course) get distributed more or less evenly among the world population and then the Big Rip happens (run-away price with ever diminishing Bitcoin units)
That may happen in theory but we as humans tend to bw greedy and want more. Bitcoin will not change human nature, in fact it will validate it especially as Bitcoin's price surges higher and higher. Never have we seen the ideal scenario where wealth is evenly distributed to each one of us. Not even the communists have achieved that kind of equality. The problem is that Bitcoin is not wealth itself But that is besides the point of the Bitcoin Big Rip theory. If everyone behaved rationally and were here to build a utopian society then yes, it can happen. All the Bitcoins will be distributed as widely as possible. But that goes against our nature and impulses as humans. Even fiat money is not wealth. Basically, it is a tool for exchanging wealth, and if you have, say, 100T US dollars in your bank account or in paper dollars, for example, you created a machine for an atom to atom copying Benjamins (let's assume they don't have serial numbers imprinted), you won't be able to buy all the genuine wealth existing in the world. In fact, you won't be able to buy even major public companies that are being traded on exchanges, since no one will be going to sell you a controlling stake in a profitable company for whatever money. Russia has once tried to buy Opel with their US dollar reserves, you can search what's come off this
Interesting. I will research on that if I have the time later. That is why you are one of my favorite posters here in the forum. You have many interesting thoughts and ideas. |
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As per a report by Caixin, a famous economic and political media, several bitcoin exchanges denies the possibility of using bitcoin to bypass the tightening capital control in China. The report attributes the rocketing price of Bitcoin to global demand and the loss of faith to traditional currencies. We could all come with different opinions and "facts" on why the price of Bitcoin is rising right now. The truth is no one really knows why. Maybe it is a simple pump and dump. What happen around bitcoin right now looks De Javu but the situation has changed . Plenty of mainstream media coverage on the street but the bubble index developed by Jiang Zhuo’er says No. I do not mean to be disrespectful. Who is Jiang Zhuo’er and why should we listen to him? Kindly explain to us what the Bitcoin Bubble Index is so we that we understand each other and start a good discussion. |
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This is depending by users, don't blame bitcoin if any user that buying drugs with bitcoin. Before bitcoin, of course they also buying with money.
Yeah this is like victim-blaming and in this case, the victim is bitcoin, and people when they hear things about bitcoin that accuse bitcoin of stimulating the growth of drugs dealing, tend to have negative view of bitcoin although buying drugs doesn't have anything to deal with bitcoin and it's all about how bitcoin users want to use their money. People really need to get rid of this thought and have a closer look into the reality. I am happy that someone gets it. Bitcoin is a censorship resistant currency for moving value in the internet. What do the people here expect the Bitcoin users will use it for? So of course buying drugs online using Bitcoin is the best use for the currency. |
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The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime... So how likely is this, and what is your understanding of how things might unfold in this regard? Interesting. How is a "sky rocketing" price related to the Big Rip of Bitcoin? Would it not encourage the people to hold on to their coins and avoid spending them? If yes then how can the Big Rip happen in such a scenario unless the coins are given away at almost free cost? That's the whole idea behind the Big Rip! Hoarders holding on to their coins will make less coins participating in circulation (Bitcoin as a financial asset and currency), and the price can be however high. What about 1M dollars per bitcoin with a few hundred million bitcoin holders and only a few hundred bitcoins being freely traded across the world? If someone should decide to cash out his 1K stash of bitcoins, it will be bought up immediately by millions of greedy hands. Ultimately, it will cause all 21M bitcoins (minus lost bitcoins, of course) get distributed more or less evenly among the world population and then the Big Rip happens (run-away price with ever diminishing Bitcoin units) That may happen in theory but we as humans tend to bw greedy and want more. Bitcoin will not change human nature, in fact it will validate it especially as Bitcoin's price surges higher and higher. Never have we seen the ideal scenario where wealth is evenly distributed to each one of us. Not even the communists have achieved that kind of equality. |
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No one really has answered my question and the point I am trying to make. Maybe because all the posts made here are mindless and only done innthe expense of their signature campaigns. I will say again that there is NO need for a Bitcoin debit card. Use what works for your daily needs. It is called CASH.
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I would rather use my regular debit card issued by my bank than use Xapo or some other Bitcoin debit card. The annual fees are high and there is no real need for them. A better option would be to keep all my Bitcoins unless I really need to spend them because everything I need can be bought with fiat.
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The scientists are arguing whether the Universe will ultimately implode into one big black hole (so-called Big Crunch) or explode into nothingness (so-called Big Rip). The Big Rip essentially means that all the matter of the Universe including stars, atoms and elementary particles as well as spacetime itself will be torn apart by the expanding Universe in the future. As I see it, the Big Crunch in respect to Bitcoin would mean accumulating all bitcoins in a few or just one pair of hands, but this is not very likely to happen, so the Big Rip seems to be more possible as we see with the price sky-rocketing right now. Given the Bitcoin infinite divisibility, the Big Rip of Bitcoin would mean the price per 1 BTC shooting through the moon and farther into the depths of the Universe, thereby making Bitcoin and its 21 million coins dissolve completely in the financial spacetime... So how likely is this, and what is your understanding of how things might unfold in this regard? Interesting. How is a "sky rocketing" price related to the Big Rip of Bitcoin? Would it not encourage the people to hold on to their coins and avoid spending them? If yes then how can the Big Rip happen in such a scenario unless the coins are given away at almost free cost? |
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Anyone bought drugs with bitcoin and what are you thought on the subject ?
i know i have used bitcoin to buy psilocybe cubensis thank you bitcoin i cold have not done this without you now i can trip watching corry & eastenders in the evening its such a sight.
Personally i didn't buy any drugs, so i didn't buy them with bitcoin either, but if you really want to do that i am sure that you can find some sellers in darknet, you just have to search for that and be careful of course as that is illegal. But if you have choice, don't buy them with bitcoin, as because of drugs selling people think of bitcoin as of bad thing, they think that it is used for drugs, weapons and other bad thing, so less people invests into bitcoinsYou sound like you are either 12 years old or "simple". Who cares what those people think, "those" people do not know anything anyway. In fact we should all be encouraging the use of Bitcoin in all of the dark markets. It is what makes Bitcoin have real value. A simple case of word of mouth can help the dark markets grow and compete with the real world black markets. |
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OP, deny the deal? How could they? They are there to make money, and now they are are the expense of the stupid. Also if what you say is true then this rise nothing but another bubble which I am open that it might be one. It is fun to see that Bitcoin is rising near ATH but there is always a feeling in me, asking if all this is really sustainable.
From your post, OP then the answer is no. An exit will always take place.
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we have all seen exchanges being hacked and lost our precious bitcoins or at least heard about them. and these days i keep seeing these two topics saying there is a possibility for a new one! i say lets talk about a solution. there is no point sitting around waiting for one to happen then start crying! - what can we do?
and don't keep your money on exchange site is not an acceptable answer! because you have to do it if you want to trade, the exchange may get hacked (allegedly or for real) 1 minute after you deposit.
- what is the substitute for these exchanges?
decentralized exchange? how do they work? is there any good one around? why aren't they famous? what are the pros and cons?
i'll admit that i don't know much about decentralized exchanges and i am sure i am not alone here let this topic be a compilation of all suggestion for either an existing solution or future possibilities and ideas. What can you really do if you are an active trader? You need your Bitcoins available for trading at the exchanges most of the time because getting your deposit in your exchange account can take time sometimes. Most of the exchanges require at least 3 confirmations before you can see your deposit in your account. That's the problem when it comes to trading. so far that the only possible way to safe your money as a traders is to get the funds out of the exchanger when your activities on trading is done or it's unnecessary to be there so, it could avoid your funds to be compromised and for now trading without depositing is not so possible Would the Lightning Network help make these transactions to the exchanges faster and more efficient, or maybe also safer since we are dealing with payment channels directly to an exchange. So they cannot really run away with our Bitcoins if they close a payment channel. Unless I misunderstood how the LN is implemented. If I did, please correct me and explain. |
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Drugs are bought with Bitcoins just like any other currency. But what makes a huge difference is, Bitcoins are used largely for buying drugs. Its the main criticism against bitcoins. I dont know how buying drugs using bitcoins can be controlled.
This is quite irritating. Do you have any proof for your wild claim? IMO, less than 0.01% of the bitcoins are used to buy drugs. Many of the dark-markets are no longer active and those which are operational right now have reported declining revenues. Do you have proof on YOUR claim? Where are the facts of your claim, please give us the data so we could se that what you are saying is true. Only .01% of Bitcoins are used in the dark markets to buy drugs, really? That is very hard to believe. The dark markets are growing to become more than a billion $ industry, so there should be more than .01% of Bitcoins in use in there. |
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the fact that all these exchange can not learn anything from the mistake of the other and still leave a great amount of coin in a hot wallet, is telling me that the hacker is an insider
really they can't be that stupid, it must be on purpose...
Yes, everyone is doing it. There are many people out there that made it their modus operandi to scam Bitcoiners out of their precious Bitcoins. With Bitcoin going above $1000, we better store them all in our wallets with private keys we ourselves control. |
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I can see other Bitcoin based exchanges and payment processors either closing or doing a pivot just like Circle did. There is not enough money in the whole Bitcoin economy to have this many exchanges that we have right now. Some of them will have no choice but to close down. The most potent niche in the Bitcoin market right now is the dark markets. The growth potential over there is so big it will become like a gold rush for drug vendors.
Yeah they are some Bitcoin users using Bitcoin to buy drugs in the Dark Market and they use Bitcoin to scam peoples. That is reality. There is a lot of "legitimate" Bitcoin based businesses that are out there to scam the people too. There are cloud mining sites, some of the altcoin exchanges and many more just waiting to do their own exit scams. The foundations of all of Bitcoin is based on scams which created and developed its own ecosystem. |
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