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41  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I am sure Bitcoin Will go $50,000 End of this year because of ETF! on: September 18, 2018, 12:46:50 AM
I dont like working such bloated price like $50000 from $6000 especially while watching the stormy market year, cause most times it wont make it. I have not seen the effect of ETF since the invention of the coin and the coin had climb from lower than a dollar to $20000. At a time like this for new investors the coin needs a motivation for new comers.  I will stop believing this year at the end of November if it didn't climb above $9000

When it comes to percentage increase, the road to $50,000 may be possible because just like last year, the price did increase more than 10x from its lowest value during the year but when it comes to its actual value, it would be less likely to reach $50,000 because many people are disappointed with how the prices turn out. Many investors pull out of the cryptocurrency market and we can see its effect in the ICOs that are barely able to reach softcap and many just cancelled their projects because they cannot get enough investors.

I almost gave up, and the issue continued to grow.
ETF issues failed to increase confidence in crypto, instead the market responded poorly and the price of coins continued to fall.
there's no good news for this year, maybe you have told the truth that we have to wait a few years later.

It is still early to say that there are no good news this year given that we are still in the ninth month. Nevertheless, if we believe that our coins would be valuable one day then we should keep holding it and while there is a chance, we should trade small amounts so that even if we have small profits, it will be accumulated and who knows, maybe we would be able to get back the value that we lost and then keep going.
42  Economy / Economics / Re: Are fiat currencies necessary in the world? on: September 17, 2018, 02:20:44 AM
Fiat currency is essential in this world because there are many small-scale industries which will help them to use the fiat currency for their transactions. FOr online transaction, we need to have a fiat currency whereas cryptocurrency completely digital asset which we cannot easily do transaction completely in online.

Businesses cannot just easily shift to cryptocurrency because there are so many things to consider that would be vital to the flow of the business. Money is the blood of the business that's why it should flow continuously. Unfortunately, not everyone accepts cryptocurrency yet and only a small percentage of them accept it so fiat is still needed.

For me perhaps, I still need to convert my cryptocurrency to fiat when I need to buy something especially if it is a store that do not even accept credit card transactions. Technology in the current world cannot do all transactions online because some places doesn't even have enough electricity so it would be less likely for them to use a digital currency that they don't know anything of.
43  Economy / Economics / Re: Money Matters on: September 17, 2018, 01:59:56 AM
Isn't it interesting that those who pontificate that "Money is not everything" usually have money?

Be broke for a few weeks unable to pay your bills, pay rent and afford basic necessities, and then let's see if you'd still hold the same position about money.

Those who are not struggling about money would say this things because they can afford what they wanted. When they don't have enough money yet, I am sure at some point their goal is to have enough money to have a comfortable life and when the time comes that they are financially free, they need to find a new goal because after all, what we yearn in this world is happiness and satisfaction and if you don't have a goal in your life then your soul will be weaken.

Too true. But then again, they have the authority to say that "money doesn't matter" because at some point they did experience having no money then experienced having money and back again. Maybe they realized that at both points in their lives they remained happy or not happy. But I'd rather cry in a lambo than cry walking.

Money is just one way of achieving your goals in life to become happy. If you can see around us, there are people who are so rich but not happy and those who just have enough but their hearts are filled with joy. It is also about the mindset of the people being satisfied with what they have.
44  Economy / Trading Discussion / Re: My experience day trading - no moon shots on: September 16, 2018, 01:29:12 AM
This is what took me the time to learn - stick to your plan. Do not deviate. I have won way more times than lost sticking to the plan. Deviation causes me to lose more often than not. A deviation is a gamble. Do not deviate.

Thanks for your comments.

When it comes to trading, you should always stick to your plan and be consistent with it so that you will know if it is effective or not. It will also make you control your emotion since you know what to do in whatever circumstance it may be. As for OP's strategy of aiming for 1% a day, it is not that hard given the volatility of prices. The issue here is whether you can maintain to have this profits because you may gain 1% but on that day, you can also lose a lot. Well, as long ass you have a cut loss strategy as well then it would be good.

Experience is also a must when you decide to do day trading because it is not for those who are faint-hearted who would immediately back down when they see a big red candle. It requires courage knowing that anytime the trade may not go in your favor.
45  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Which is the best DECENTRALIZED exchange? on: September 16, 2018, 01:00:46 AM
decentralized exchange which I often use when selling tokens from airdrop and bounty are etherdelta, forkdelta and IDEX. from the 3 exchanges have advantages and disadvantages of each, such as IDEX with exchanges that are faster than others but have a higher withdrawal fee, as low as forkdelta fees but selling there is relatively longer

Basically, etherdelta and forkdelta is just the same. I agree that these two exchanges sometimes took a long time to conduct transactions than IDEX but the advantage is that it has lower fee and most if not all ERC-20 tokens are listed there as long as the team allowed their transactions in there unlike in IDEX that needs to be listed there first before you can exchange your coins.

If I will choose between the three, I would choose IDEX because I like their interface and they have a good chart base on trading view if you want to do some technical analysis. They also have a warning prompt every time you do transactions which is an advantage over those two that would immediately conduct transactions after you click buy/sell.
46  Bitcoin / Bitcoin Discussion / Re: Stop allowing manipulators to switch you off and on on: September 15, 2018, 12:10:46 PM
I think it's mostly fear. People don't want to sell but they are afraid of losing value and each time Bitcoin closes to the point where they bought thay sell to save themselves. The only thing that is holding Bitcoin above 6000 is the ETF decision. People are greedy and fearful at the same time and now greed is fired up y that small spark of ETF and the rest is fear.

When the price is at the point wherein I bought it, I would not immediately sell it but I would set a percentage loss and when that price is reach I would just sell it and wait for the time when the price is looking good for buying when the volume is building up and it seems like price is consolidating. Many manipulators sometimes sell off their coins so that stop losses will be triggered and they can buy more coins.

For experienced trader and investors we no longer fell for this fake news , we can identify FUD easily . the problem here is the new comers to this filed once they see bad news all over the internet they freak out and get away with their money which what caused the lack of liquidity in the market nowaday.
we can't stop FUD but we can use it in our favor! Grin

Those who are used to FUD would take this opportunity to buy coins at a low price while those who are new to the market would panic sell. They would eventually learn their lesson the next time there is a FUD and time will come when traders would mature and FUD would not be that effective anymore. The ones selling then are those who wanted to buy lower that's why they are selling even if they are at a loss.
47  Economy / Marketplace / Re: Dedication needed to support crypto community? on: September 15, 2018, 01:10:03 AM
Enthusiastic users here are very big on cryptocurrency, who may not know by others out there, it is true that we are here to share knowledge correctly and without having to make the situation worse it will provide uncertainty for new people and always misinterpret a talk, we are here together to build a cryptocurrency to be better in the future, indeed the community is needed in its development.

Dedication is what we needed and it should start from the people here in the forum. We are already a community and we should help each other in making a cryptocurrency industry progress. When we knew of something that may be of help to someone, we should not hesitate to share it because who knows, if you share something then others would share something to that will help you in your decision making may it be in purchasing something or investing.

Dedicated people actually we needed here to grow and learn in any community. This bitcointalk is one of good place which we have for learn and other purposes.
When we find the negative news also we should not give and should support the bitcoin and altcoins.
If you see any hacking news just spit and ignore it. Go positive everywhere with grest spirit.

Bitcointalk is a great place to start learning cryptocurrency because one can easily navigate the forum since it is separated by boards. When you are here in the forum, you are not only learning but also earning as well which most of the people are looking for in here. We should not spread FUD but we should check in depth the issues first before we share it to others.
48  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Do you believe that kucoin exchange is legit and not a scam? on: September 14, 2018, 11:29:59 AM
In my experience everytime I trade in this exchange it always went smoothly, from using hitbtc I switched to kucoin and its nice using this exchange, I dont get any problem and it has fast deposit and withdrawal transactions which is very convenient.

So far, I have good experience with Kucoin as well thankfully. All my transactions went through smoothly and I rarely see any complaints related to the exchange. Aside from Binance, they are the exchange that I want to trade with. I will also add Bittrex because my transactions are going smoothly with them even if there are so many complaints with them. There are coins that can only be traded in their exchange so I have no problems with them.

Regarding the issue of their office, it was already addressed that they are in Singapore and as long as many trust the exchange, I will continue to trade with them. I don't keep a large amount in any exchange though because there are always risk involved when the coin is not in your wallet.
49  Economy / Trading Discussion / Re: are u a technical analyst? on: September 14, 2018, 01:56:51 AM
Technical analysis is a very deep subject, we cannot cover enough of it in just a few posts, there are thousands of books out there that you can read and learn a lot of information, the only thing that I will say to you is that you find an author you feel comfortable with, also make an honest assessment of who you are and decide what kind of trader you want to become.

There are hundreds of indicators out there and you can apply it all to your charts but would still be wrong about the movement of the coin. The thing that you should focus on is the strategy that you are comfortable with. Consistency is the key and sticking to your own strategy would be the way to be profitable as long as you stick to it.


You can start with babypips and learn the basics for free. After that check "Charting financial markets" by Murphy, it's more comprehensive and solid material

Babypips is the best website that I can recommend to start with because it is a comprehensive website and step by step process so those who are new to trading would not be having a hard time understanding it.
50  Bitcoin / Bitcoin Discussion / Re: Walmart Sells Bitcoin at $1 on: September 14, 2018, 01:33:13 AM
a good idea to expand the use of bitcoin, this can make a lot of people see and they start to find out what bitcoin is. Although it sounds a little deceptive when on Wallmart sells $ 1 of bitcoin, but this is one good step to attract the attention of the public

This is a good marketing strategy to make the people be aware of bitcoin and I hope this would inspire other businesses too to have other kinds of strategy for the people to know that bitcoin does exist even though it is in the form of chocolate. A food would be a good pick because it can attract all ages. The price may be a little confusing but still whatever makes the people be aware of it then it is good.

Nice strategy they got. It is an interesting way to catch the interests of an individuals about bitcoin. Their strategic idea makes bitcoin more popular. Though kids may have confusions as to what really bitcoin is and how can that bitcoin be use. They may be interested but not all kids may understand it well.

At least even if kids do not understand it yet, it is already instilled in their minds that bitcoin does exist and sooner or later, they would be able to remember it and check what it is. This is a really good strategy getting the attention of all people in all ages.
51  Economy / Speculation / Re: Are you still holding when market price falls abnormally? on: September 13, 2018, 10:19:59 AM
I must admit that I am still holding, but only because I did not have enough conviction to sell my cryptos when I could have done it, obtaining enough benefits to have a life already resolved.

I hold now because I can't just sell it at this level anymore so I am just hoping for a bounce. I do trade small amount so that at least my losses would be lessened. Even if overall it's a bear market, there are still bounces that we can take advantage of and I am minimizing my risk by always having a buy and sell price may it be take profit or cut loss.

I am not a deluded person, I am aware that the prices of many of the cryptos that I still keep will never return to the levels they reached not long ago, such as DeepOnion, Gbytes or Bitcoin Atom, however I will continue to hold them with the only hope of at least recover in the medium term a part of the capital that I had invested in them.

I am holding a lot of coins too that I think would not be able to recover even if bitcoin would be going up again because some of them have no activities from the team and some are just abandoned. Some are still active but due to market situation, it just keeps going down.
52  Economy / Trading Discussion / Re: Should I stop trading in this bear market? on: September 13, 2018, 01:21:32 AM
continuing to monitor price movements over time is likely to be far better than being carried away by the emotion of wanting to pursue profits, our trading strategy must be mastered before buying and selling, not relying on just one coin that we have to play starting broadly brave to expand all sectors, especially buying new coins that have the potential to rise, we must be observant, don't give up easily, always think ahead ....

In this bear market, many people give up and I would assume many would learn their lesson to always have a trading or investing strategy for that matter because if you have those before even buying a coin then you will not be frustrated seeing the price go down by the minute. It hurts to see that you are losing the value of your coin that's why you should know when to cut loss and then buy back when the market is somewhat stable. It takes a brave heart to trade especially in cryptocurrency when the prices are so volatile.

Try to look at other coins because some small coins can give you an profits, now if you only see big coins like ethereum, bitcoin, cardano and eos, then chances are you can't make a profit because the coin has a large volume so that the funds of a trader will not change the value.

Well, OP has the option as well to just focus on one coin but then he should have a trading strategy in the first place. If he would focus on one coin then he should study the previous movements of the coin. It may be going down but there are times when it would bounce so he can take advantage of the small profits because it would be accumulated eventually.

53  Economy / Economics / Re: People are not motivated by money. on: September 13, 2018, 01:02:06 AM
Such an opinion may not apply in a country with a low economic level, because here everyone is motivated for money, all our efforts will have difficulty in living all life in this world, the business of buying and selling in cryptocyrrency is also the ultimate goal to get as much profit, because the state party cannot guarantee prosperity for every citizen, so we fight for ourselves ....

It would depend on what is your financial status because those who are already has financial freedom would not be motivated by money. Well, except for some who aren't contented with what they have and they want to have more of it. When you are having financial problems, you will be more motivated to do something just to earn money but it would depend on your conscience then if you will be doing it in a legal or illegal way.

There are some people that are motivated by money some are don't, but most of them are motivated by money, nowadays
a lot of people really emphasise on money to show their social status and to live better, only few percentage of people that lived in the world that are not motivated by money, because basically they think that their life is already comfortable and secure

Those who are comfortable with their life and has already reach the financial status that they wanted would find other goals which would make living more enjoyable. Those who love their niche wouldn't mind of they are earning a little because it's what makes them happy. Basically, it would boil down to whatever makes them satisfied and happy.
54  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: attention to the managers of the bounty campaigns !!! on: September 12, 2018, 11:39:30 AM
I don't think that you gonna find here a campaign manager that doesn't care about the rules.
Those you are after almost never read/ post here or even if they stop by, they never pay attention to such things.

If you want to let the managers know then better post it in their thread or write to them personally but then I bet, they wouldn't reply to you because they are too busy dealing with their own job. I though hope though that the managers would be able to address such issues because it would make them not trustworthy because they don't follow their own rule. Some managers are reputable though because they are strict and know their priorities.

Yes, I also support this suggestion because I do not think there is a manager here that is not after his reputation and will want to tarnish it by not caring or follow the rules and regulation laid down.

There are managers who are doing a good job. It would be more advantageous if the reporting would be done on a google form so that there will be no need to post the report in the forum. It would be easier as well for the managers though to directly count it in the forms than check  in the thread but the problem is that there is so many cheaters who fill up the form claiming thee work of others as theirs.
55  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Salary in BTC from the Israeli company Spot.IM on: September 12, 2018, 11:11:31 AM
So basically, paying in bitcoin should take a lot of consideration and it shouldn't mandatory for all employees. It will be better if they just choose which one they'll prefer.

As what is posted by OP, the choice to receive the salary in bitcoin is an option because they cannot just easily force it to their employees to just exclusively receive it in bitcoin since there would be employers who would not be interested in it. This is the advantage of having a company owner who is a cryptocurrency enthusiast because he knows how to introduce bitcoin to others which is through salary.

However, I am just concern in the part wherein they would deposit it in a cryptocurrency exchange because what if the exchange is hacked then their coin would be gone with it. It would be better to deposit it in the bitcoin wallet of the employees.

56  Bitcoin / Legal / Re: Crackdown Continues: Chinese Authorities Issue Joint Warning on ‘Illegal’ Crypto on: September 12, 2018, 02:53:43 AM

I'd have to agree with the Chinese government over this warning.

If you take a look at the scam accusation board, you'll quickly find that there are a ton of scam ICOs with completely fabricated teams. In fact, I'd regard most ICOs to be shady or scams even if their teams are not necessarily fake, simply because their intentions are well documented to be not to actually innovate technology by any means, but to raise as much money for themselves as possible.

I do agree with the Chinese government when it comes to crackdown because there are so many scam ICOs out there. Scammers are taking advantage of the fact that there are no applicable regulations yet when it comes to implementing those ICOs so they are creating tokens out of thin air and hire some people who would create a website and a whitepaper for them. We are just lucky somehow that we have a community who would warn investors.

Perhaps regulation over the space would be nice to see instead of an outright ban, but this is definitely a deserved warning. They're not wrong about how ICOs are mostly fraudulent and using blockchain as an excuse to raise money whatsoever.

We can somehow reduce or totally eliminate the scammers if there are regulations because we will know the people behind those projects and they would be traceable. There are still legit ICOs out there who has brilliant ideas and would be a big help for the people to have ease of transactions.
57  Bitcoin / Bitcoin Discussion / Re: My sweet and bitter experience about bitcoin on: September 12, 2018, 02:36:22 AM
One way or the other, we have all been victims to impatience in crypto once. Buying at certain high price and selling at a lower price due to panic is the hallmark of almost every newbie in crypto who does not seek assistance and fails to learn.
The best part is, we learn our lessons after the experience and move on. Crypto is the future!

We should make our mistakes be the stepping stones to become better in the future but unfortunately, only a few would recover from such failures especially if you have high hopes at the beginning. I am guilty of being impatient before because I want to earn as fast as possible and then the adverse effect happened wherein I am chasing trades always so I lose a lot then and decided to stop for a while. It's been months before I get back because I study trading again and learned from those who are successful with it.

I learned that the biggest challenge when it comes to trading is psychology. It is something that cannot be learned instantly but it would be gradual in which you can control or master your emotions in due time because you have rational thinking.
58  Economy / Marketplace / Re: I can I predict the Dump and Pump of the price? on: September 11, 2018, 10:27:41 AM
That's why its being called prediction because anyone do really make some guess when it comes to price movement and theres no one can able to have that precise predictions therefore trading or investment would really be that hard.If all people do have that kind of ability then anyone would be rich.

It would be a matter of accuracy then on his prediction. When you are trading, there is a higher chance of being able to predict accurately when you have a basis of your trading like when you use technical analysis or fundamantal analysis or the combination of both in which case the percentage of getting it right is higher.

Earning money do have different ways which you do have mention and talking about dump price in the market then this is the best time for you to buy cheap coins and sell it later on.

You can also have the option to just buy a little bit of it in regular intervals so that you can have cost averaging. Through this way, you will not be affected that much by the price volatility and you can adjust your regular investment amount as well. Nowadays is a good buy but I don't suggest to buy it in a single price but in percentage.
59  Bitcoin / Press / Re: [2019-09-09] A Billion People Will Be Using Crypto in 5 Years: Brian Armstrong on: September 11, 2018, 10:12:18 AM
And many other predictions have been stated that the bitcoin price would reach $50k. And none of that happened. I really do not see eye to eye with those predictors. Everyone can predict, either you are an expert or not. Perhaps, they predict the growth of bitcoin because they want more people to buy some bitcoin so its value increases.

Yes, it is one of their strategies to persuade people to still be positive about the market because many have left since the bear market especially those who lose a lot buying near all-time high of bitcoin. Given the situation right now, people are not so encourage to invest in cryptocurrency but a news like this would light a hope that somehow those losses would become profits in the years to come.

It is a fact that more people will start to use cryptocurrency, but I doubt that in five years, 1 billion people will start using it.

I doubt that as well but who knows, maybe it would come true. There are 7.6 billion people in the world currently so it may mean that majority of the countries would have already adopted cryptocurrency. It may be less likely but then again, bitcoin keeps surprising us.
60  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is ETH collapse caused by panic selling of all the ETH raised in ICOs? on: September 11, 2018, 01:09:01 AM
There's a high probability that current bear market, which has been affecting altcoins prices for the past few months, is probably the main reason behind the massive ETH sell-off from both legit ICOs and scam ICOs.

There are times when the sell off is just a strategy of those big holders of the coins because they just want to protect their funds to further losses that's why they decide to sell their coins. Whether one is a legit or scam ICO, people still need fiat to finance their day to day operations because not every merchant accepts cryptocurrency that's why we can see a bearish market for ethereum.

I don't think panic selling has anything to do with the recent drops, ICOs have been selling their funds for either fiat currency or btc just to keep their funds safe during the bear season. It's actually pretty normal behaviour in times like these, it's not actually panic selling but a well-thought-out course of action since ICOs need to evaluate whether it's risky or not to sell the funds they've raised.

It may also be one of the strategy of the traders who is shorting the market because they know that once the candle starts to go red and becomes bigger, there is a higher possibility of panic selling that's why a further downfall is most likely and it is more profitable for them. As for those ICOs, they are learning from this bear season that they should look for other ways to leverage so that they can still be profitable whatever market it is.
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