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1  Economy / Trading Discussion / Re: My luck is very bad for crypto trading 😞 on: November 23, 2018, 12:40:21 PM
My luck also let me down. I have long heard about cryptocurrency, but did not see the potential in it. I began to work on cryptocurrency in early 2018, when the market began to fall. I believe that the market will start recovering very soon.

Well, the beginning of the year is not the best time to enter because from that time, price has been declining ever since but then if you decide to trade for short term then you can still have some profits and then maybe able to get back your capital and then trade your profits. There is still a lot of potential in the market because price has been volatile so in every movement, you can still have some profits but you have to exercise always risk management so that you can minimize your losses as much as possible.
2  Bitcoin / Legal / Re: How is bitcoin supposed to be? on: November 16, 2018, 12:59:57 PM
That is not the problem here, if there is "no correct regulation" all they can do is either create one or block it entirely, the latter is the wrong way to go as they will be missing a big opportunity for their country. When taking into consideration you will know that the world of cryptocurrencies is a big opportunity for their country's economical improvement that is why most of them try to adapt and include it in there system with regulation. This way they can both protect their citizens as well as their economic interest without banning them right away.

Well, it would be a win-win situation if both the government and the crypto enthusiasts would come to an agreement as to how to regulate the cryptocurrencies. If the government would not focus on the negative effects of cryptocurrency but they will take a look as well to the positive impact it would bring to their country then there is a chance that the corruption would be lessened which would be a step forward to have an honest government.

As for the crypto enthusiasts, it may seem that we would lose our aim of being free of control by the government but we cannot deny the fact that we still need their approval so that mass adoption would happen and make bitcoin truly a currency and not just speculation purposes.
3  Economy / Trading Discussion / Re: Treat trading as your job on: November 13, 2018, 01:11:43 PM
Many beginners want's to become a trader, but they are skipping the process and start looking for an exchange as much as possible without knowing how to trade well. Trading is not that easy, it requires a lot of research, and analysis treat trading as your Job!

People are used to instant gratification nowadays that's why many are being impatient that they cannot immediately have their profit causing to more losses. Many just can't wait for it any longer that's why some would join pump and dump groups but instead of having instant profits, many would incur instant losses.

One of my friend asked me about the current exchange he is using, and what coins to buy so he can make profit. Well, I don't give any advice regarding on this one because for me if you want to make profit you should know it on your own. I just give some advice that if he really wants to become a trader, go take the process, learn more and you will see what coins to buy especially during this bear trend.

It's good that you advise him to do that because when people get used to being told what coin to buy, they would not exert any effort in doing in on their own thus the reason why many are joining paid groups so that they would not have any hard time analyzing the trades on their own.
4  Economy / Gambling discussion / Re: Gambling is the way to loose the money or make the profit? on: November 10, 2018, 01:29:37 PM
Gambling nowadays in modern times is designed from the ground up to make a profit for the owners of the casino, a guaranteed profit which is consistent and is made from the house edge.

As for the players 99% will lose money with gambling and only the lucky 1% will make some profit. Unfortunately this profit is in 99% of the time only momentary as they lose it again in the long run. I would say gambling is a way to lose money.

You have a high chance of losing more than winning when it comes to gambling especially if you can't control your self. As what they say to the traders who are just buying and selling without a predetermined plan is just like gambling because you most likely just depend on your fate whether you will lose or not and if you are doing it this way then the chance of losing is higher because even if you win at the first round or even the first few rounds, you may become greedy thinking of having more money and end up losing it all.

Gambling is not ideal if your aim is to make it as a source of income because your aim would be to get more and you will notice that instead of gaining, you are slowly losing. As for me, gambling is for entertainment purposes and it is a bonus already that you are winning.
5  Economy / Services / Re: [Open] 🚀 Sportsbet.io 🚀 [Signature Campaign] 🚀 [Up to .01/week on: November 09, 2018, 01:24:27 AM
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6  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Can we trust Telegram Signal channel..? on: November 07, 2018, 12:18:45 PM
I have joined several telegram signal channel for signals. all are free signal channels. I followed their signal time. most of signals they give us after the pump. time different is about one minutes oh two. but they always tell they are success. lot of newbie traders have  lost of this tricks. I think some experienced traders know about this..? please help me with this..?

If you join a telegram group that gives free signals then I advice to not follow their signals because they are just using most likely their members so that they can gain huge profit. They are already accumulating ahead of you and then when they give the signal, they would have a sell order already so you will be dumped on. I am one of those newbies before who would follow their every signal and even join pump and dump groups so later on, I lost more of my capital than gain something from it.

People wouldn't just give something for free because there is always a hidden agenda from it. You should think what would they gain if they give signals for free. Of course, there are still legit ones who are willing to help but most of them are just there to get your coins from you.
7  Economy / Trading Discussion / Re: How did you start trading? on: November 05, 2018, 12:56:26 PM
Hello traders! 

I would like to know how you started trading? Any interesting articles,
videos or guides that you found helpful before you started?
Can you share your opinions and experiences please?



I actually started in binary options and then, later on, I realized that it would be better if I learned trading not just choosing where would the price go in the next minute, hour or day. At first, I am always being FOMO'd that's why I end up losing more than half of my capital and then, later on, I realized that there should be some way in which I can be profitable in trading that's why I go back to basics and learn it through babypips.com. It is a step by step process and when you already graduate, I guarantee you that you will learn a lot from it especially if you are a newbie in trading.
8  Economy / Economics / Re: Government should implement blockchain technology to prevent corruption. on: November 03, 2018, 12:31:52 PM
I don't understand how Blockchain will be able to prevent corruption. Since the transactions will be traceable, none of the parties will prefer doing such payments. They will find some loophole to avoid it.

If the government would enforce it properly then corruption would be greatly reduced because the transactions are traceable as what you mentioned. They will let their employees operate in a system with blockchain technology because they wouldn't be able to just easily delete it and then they cannot just change the information in it. It would be a great help in tracing the people behind those transactions so that they will know who are the accountable ones.

During an election, blockchain would be a great help so that there would be proper counting of votes and the people who are manning those voting machines would not be able to easily manipulate the vote counts since they can't change the information.
9  Economy / Speculation / Re: Do you believe, Bitcoin To Drop As Low As $1500 This Year? on: October 31, 2018, 12:47:56 PM
no, I don't believe bitcoin can fall to the price of $ 1500, the worst fall in the price of bitcoin will only reach $ 4k-$ 5k because the demand for bitcoin is very high and lots of buying orders at $ 5k are bitcoin's difficulty falling deeper.

Yes, I believe so that the price of bitcoin would not fall that deep because there is a lot of demand in which when there is a downfall, especially if it's a sudden movement then we can see an immediate reaction of the demand and then the price would recover and then slowly consolidate.

Unless there would be an event that would convince people to sell their coins at a loss then it may reach that level but for now, it is less likely to happen given the good news that is surrounding the crypto world nowadays.
10  Bitcoin / Bitcoin Discussion / Re: If bitcoin prices remain the same until next year, will it be good for the crypt on: October 30, 2018, 01:05:09 PM
No, I don't want to see anymore retain in the price of bitcoin. If they continue stable , it can make a large amount of investor disappointed and they can sell it to not lose more deep. That can lead to bad situation

However, there is a possibility that as the price becomes stable, more merchants would think that maybe it would be the time that they would adopt bitcoin as their payment option because it is stable and they are less likely to lose due to the volatility. As we all know, one of the reasons that would let the merchants turn down cryptocurrency as one of their payment options is that of the price volatility and if this would be resolved then, we can expect that more businesses would consider adopting it.

We may not be able to see an increase in price or maybe there is a slow increase in price that is far better than it becoming a pump and dump coin. If there is an organic growth then more investors would consider investing in it.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Cryptocurrency market on: October 28, 2018, 03:36:19 AM
Maybe sometimes it will saturate when you see the market is often red. How do you entertain yourself as a trader who has experience in this field?
 Share your experience. Thank you.

Reading some news about cryptocurrency would give you a perspective as to what would potentially happen in the next few days, weeks or months. If the market is in red and you can't find an opportunity yet or just waiting for the price to hit your support or resistance then it would be better to learn more about what is happening with cryptocurrency ecosystem. You might want to watch some videos or if you want to take a break then do your hobby or spend time with your family.

the thing I did to get rid of boredom when the red market was socializing with relatives and eliminating my connection with crypto for several days, this was able to reduce the panic that occurred in me.

Definitely, it would be a good way of being rational when you get back in trading. You are relax so you can think carefully of what your next move will be. We need to relax from time to time so that our mind would not get tired.
12  Bitcoin / Press / Re: [2018-10-23]Japanese Government to Significantly Simplify Crypto Taxation on: October 25, 2018, 12:30:23 PM
If Bitcoin would not have been considered as an investment, but as a means of payment, maybe we would not have any taxes. But if it is taxed, it is also in the interest of governments to simplify the transfer not only of the citizen. The taxes don't care about good or bad news, there are here each day of the year. You are supposed to report the loss too, to be deductible (from the Income-tax, or another)

If you have a loss in your trading then there would be no tax to pay because the tax would be base on your income and since you have no income in a sense, then you have nothing to pay. However, there might still be a need to file the income tax though so that the tax authorities would not hunt you down when they learn that you didn't file.

As for the simplification of taxation, Japan sure is the fastest to advance when it comes to cryptocurrency and I hope that other countries would see Japan as a model for their cryptocurrency legalization and adoption as well in the future.
13  Economy / Trading Discussion / Re: Will the bull run return this December? on: October 24, 2018, 12:58:32 PM
No one can say when the bulls return but it is safe to say that the market will recover eventually with all the good news pouring in.

Yes, it would happen one day. No one knows for sure when would that happen so if you are interested in trading then it would be better to start learning now when the market is still consolidating because it would be a good opportunity to have a position in certain coins. If you want to study trading more then the fastest what to learn it is through experience. You may lose at times but if you learn from it then you will surely progress.

Most of you are not taking into consideration that Bakkt is opening on December 12 and what Fidelity Group has done recently. Bull market is just around the corner.

Well, I am hoping for it too that just like last year, the price would slowly go up and then bitcoin would surprise again with sudden upaward movement. I hope it would it would be able to sustain the volume because if not then it would just become a pump and dump.
14  Economy / Services / Re: [BitBlender] Signature Campaign - Seniors and up (Open) on: October 21, 2018, 11:59:36 AM
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15  Alternate cryptocurrencies / Altcoin Discussion / Re: This is the best time to invest and join bounty campaigns on: October 21, 2018, 03:56:56 AM
I don't think it is the best time to join bounty campaigns as there are too many ICOs and bounty hunters and not enough investors. This means that projects will fail and work is unpaid. When the bull run resumes, ICOs will hit their targets and bounties will be distributed

Just because many campaigns fail doesn't mean that all the future campaigns would fail. It is still up to you to choose what campaign has the likelihood to succeed in the future. If you want to be sure that your effort would not be wasted, it would be better to join a campaign that you know has the likelihood to pay like the bitcoin campaigns that pay weekly or choose those projects that have an escrow because of a higher chance that you will get paid.

yes maybe now is the right time to invest because the current coin prices are cheaply average while waiting for the bull market, we can join the bounty program with the hope that after this bear market coins or tokens that we hope can float

When the market is not making some significant movements, it would be better to invest because you are not chasing your trades as opposed to only buying when the price is already up so you miss the opportunity to buy it at a cheaper price so that you can get more coins for the same amount.
16  Economy / Trading Discussion / Re: DEVELOPING A WINING MINDSET IN TRADING. on: October 18, 2018, 12:11:14 PM
The fact that there is no perfect trading is enough to send out this very perception that it is not as easy as it looks like. Patience, greed and fear are the factors you need to tackle of course for the ill effects of these factors can possibly hinder your abilities to do the right thing in the very right time.

There is no perfect trading wherein you will not be able to have losses. Even those who are in the market for a long time and earning a lot from it lose from time to time but then they knew already what to do because they have experience it all before. It is about controlling your emotions and having a trading plan always because it is not only about how much you can gain from it but also about how you can minimize your losses when the market is against you.

Down market requires you to be patient and you can be one only after developing a winning mind set. IN the crypto market, all you should do is to refrain from selling low and investing wise. That is what I call a winning mind set.

Knowing when to buy and when to sell is one of the keys to being a successful trader. There are just times when you know when to act but then your emotions hinder you to do so and in the end, you become greedy when it is going up and become hopeful when it is going down which may not have a good result. Trading psychology is one of the pillars of trading and if you don't have what it takes then better just invest in it and wait for the bull market.
17  Economy / Services / Re: bustadice signature campaign(2 open slots) on: October 15, 2018, 01:00:15 PM
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18  Bitcoin / Legal / Re: Chinese man jailed for 3.5 years after stealing electricity to mine bitcoin on: October 14, 2018, 02:08:31 AM
Definitely an extraordinary sentence, 3.5 years for the theft of just over $10,000? That sounds way of whack to me, they must be trying to make an example of him to send a chilling message anybody else.

Others may decide to copy what he did that's why they sentence him longer than those much worse crimes they have. This definitely is a message to anybody who may want to think of illegal ways to mine bitcoin. Three and a half years in prison is just too much for me though.

It sucks that we live in a world where rapists and murders can get the same or shorter sentences that somebody who stole a paltry $10,000. I understand that what he did was wrong, but the sentence is excessive and does not represent fair justice.

Definitely. I know that what he did was wrong and shouldn't be done but still a punishment of that much is excessive. I am curious though as to where is the bitcoin that mined now.
19  Bitcoin / Legal / Re: Cryptocurrency and regulation, do we need it? on: October 10, 2018, 11:59:57 AM
People would always have different insights some would prefer due to convenience where crypto is already being adopted but the negative side where its decentralization wont really already suited it out.

Being regulated would mean that there would be restrictions when it comes to implementing something but it would also be an advantage of the investors because the projects that would be launch would be properly checked before they would be able to collect some funds from the people. It would also be more trusted especially for those who are traditional who wouldn't believe something unless it has support from the government.

Its just really good as an alternative but some people do much prefer to be legalized but off of these things are actually contrary on cryptocurrencies true purpose.

If we think about it, having regulations really is opposite to what the creator of bitcoin is trying to achieved having a decentralized kind of currency that would be free from the control of the government. Form the looks of it, we still need regulation though but is due time, I believe we can do it on our own without the control of government.
20  Economy / Speculation / Re: How is future looking for Bitcoin and Blockchain in 2019? on: October 07, 2018, 02:54:07 AM
If this year will be a tough year for cryptocurrencies, then maybe by next year, a reversion of trend may be possible in response to this year's almost all-year-long fluctuation now. From 2019 onwards, i believe bitcoin and the rest of cryptos will also respond well.

I think next year, cryptocurrencies would be like 2017 again wherein many coins would be able to rise and then we can see some projects that matured as well because those who finished their ICOs last year or this year would have fully implemented projects and we can see now their true value and how in demand it would be in the market.

More coins would be use for its actual use case. Government would have a stricter rule when it comes to cryptocurrencies but it is better for the crypto enthusiasts because those scam projects would be lessened which would be good for the investors and it would return their trusts to the crypto projects which I would assume are slowly diminishing this year.
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