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501  Economy / Gambling discussion / Re: Bitcoin and casinos on: November 01, 2019, 06:41:33 PM
It depends. If bitcoin survives, then I think online Bitcoin gaming and betting venues will also survive. I don’t see any reason for disappearance of the current bitcoin casinos. Both gambling and cryptocurrency aren’t expensive toys for rich people, but popular ways to take a rest and gain profit at the same time, and the more convenient casino sites, the more clients it has.

Speaking of convenience of usage, bitcoin casinos are much handier than common ones. They’re anonymous and don’t require transaction fees. Moreover, the fact that player don’t need play taxes for bitcoin winnings serves as extra stimulation to using them. roughly speaking, gamblers have many reasons to switch from common casinos to bitcoin ones and many already did so. In such case we have all reasons to say that Bitcoin gambling sites are going to dominance and prosper.
502  Economy / Gambling discussion / Re: Best gambling site on: November 01, 2019, 06:32:12 PM
I think crypto casinos are quite similar. Of course there are some differences between them, like which coins are available on them, but in the end main “function” is still the same, but one of the best site is Bitsler, one of the Bitcoin gambling dice i have ever used. I have visited and played most of the reputed sites but the best one is this. It includes Faucets, worldwide chat, probably fair, tip etc. However, I never prompt people to gamble at all. Just for fun, but it can be done without real money, I think. But if a person wants to do so, at least has to select a trusted gambling site to avoid misapprehension.
503  Economy / Trading Discussion / Re: If you have to sell bitcoin to an alt, so... on: November 01, 2019, 06:18:13 PM
I prefer having almost everything in ETH because I am completely fine with holding that for 5 years if I had. Pretty much everything rises and falls together anyway. I do have around 40% in a ton of different altcoins just to get some diversification and maybe one of them really explodes in price but all of them have solid Devs behind them so I am fine with HODLing for years in the worst case. One thing I should mention is that only because a coin is trash doesn't mean that it can't explode in price in the short term or stay along for way too long. Crypto is a crazy place. Either way I wouldn't be happy to keep that for the long term.
504  Economy / Trading Discussion / Re: Is the day trading profitable ? on: November 01, 2019, 05:22:15 PM
If you have a lot of self-control, look at the 1-day charts, select good entry points and set reasonable goals for profit. Lots of the folks here don't have that, they're FOMO buying and HODLing too long to chase that extra 5% spike in value that lasts all of a few seconds. Greed is what puts a lot of altcoins traders with easy profit opportunities into red.

First thing you need to know is that this isn't a get rich quick scheme. You will lose a lot of money learning to trade and unless you're comfortable with the initials losses, you won't make it. At all. If you can manage 5% a day you will be a millionaire within the year, My advice is, throw whatever amount you are okay with losing into BitMex and learn the system and start messing around. You need to practice, develop a system and learn to control your emotions before you can begin to think about making money trading.
505  Economy / Trading Discussion / Re: Any website out there to keep track of trade orders on: November 01, 2019, 03:41:57 PM
There are many options but you can use CoinTracking, it is the best tool I've come across for my portfolio needs because it's very easy to use and the organization settings it brings to the users allow them to manage their portfolio properly and see the trends perfectly. they also show a wide range of reports like average buying price of a coin, percentage up/down and many others. They also provide reports for Tax preparation. the best thing about them? Their software is 100% working and free to use, making it a good experience all in all, and their premium service is relatively very cheap and a must take for any crypto investor.
506  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH vs ADA on: November 01, 2019, 03:33:12 PM
In my opinion the ability for Cardano to evolved and advance naturally over time, is most advantage over Ethereum. I'm a big fan of both projects and I bought them equally, but cardano is the only crypto that I know of that has built in a solution to forking the coin when problems arise. Ethereum 2.0 is the second fork of Ethereum. hard and soft forks are not good for the community and long term dependability of the coin. also Cardano has a much clearer and more reliable code base. Ethereum is in the unenviable position of having to continually re-engineer old code with the most likely outcome being to introduce new bugs. If you care about security and reliability, you could say that Cardano is actually years ahead.
507  Alternate cryptocurrencies / Altcoin Discussion / Re: Is running DASH masternode more profitable than HODLING bitcoin? on: November 01, 2019, 03:08:27 PM
No. I highly recommend HODLing. If you believe in Crypto long term, there will be many more bull runs that exceed the previous ATH, means at least 200% gain for bitcoin in next 2 years, and probably this would happen only for bitcoin, and the downtrend will continue for altcoins. Masternode projects with a solid plan to control inflation, community governance, and innovative products that solve real world problems will be profitable for years into the future. but there are a few masternodes worth holding that they usually require thousands of dollars invested with a 6-7% annual ROI, such as Dash coin. thereby it is most wise to HODL Bitcoin.
508  Economy / Trading Discussion / Re: Tools/apps to manage portfolio? on: November 01, 2019, 02:27:10 PM
Depending on what your requirements are, there are multiple applications in the market that can help you achieve that. For me, coinstats.app is the best portfolio tracker at the moment. It has a useful function to set alerts for your favorite coins. I constantly get updates for prices, charts, news from the web and social media. It allows to easily track and follow the prices of more than 3000 cryptocurrencies as well as to see the prices over different exchanges. Filtering function helps to find the needed information in a moment. It is very easy and comfortable for use.
509  Economy / Speculation / Re: Do we still expect a repeat of 2017 ? on: November 01, 2019, 02:03:25 PM
History won't repeat, because the market will be different in a couple of years. there may be same pattern, but next time it will be greatly condensed. Bitcoin is in a way better position than even last year. 4 years ago our minds would be blown if we would heard how far it would come. Next bull run may start mid 2020. The 2014 rally was only caused by retailers, same for the 2017 rally. Next year we will have the big players in the game. what we need is adoption and not pure speculation. Adoption will drive the price up. There are only 21 million BTC and 30 percent are probably lost already. Maybe 15 million coins left to use. If there would be global adoption we won't talk about BTC anymore, we will talk about how much a Satoshi will be worth.
510  Economy / Speculation / Re: 20K by March, A positive Look at the market. on: November 01, 2019, 01:15:24 PM
People will be selling for tax purposes. There will be crash to $7,000 until end of the year. Minimum will be at Dec 20. For 2020, lets be optimistic, halving and such will shoot up bitcoin somewhere to $30,000 and then we have new runaway bull run to somewhere $50K-$100K. I would consider selling some somewhere around $30,000 if that happens in the next 2 years. However, never sell all your bitcoin, because you never know when the true moon will be happening.

I have only $1,500 invested in bitcoin and I bought at $2,800. so i'm not gonna be rich with bitcoin anyway. Even if it goes to $100,000 I will get like $60,000. so I think the big question next year will be about holding or immediate profit. If the bitcoin goes to $28,000 do I sell it for roughly $15,000 profit or do I hold, knowing that the price always goes down at some point. people who bought at $3,000 then sold at $19,000, and then bought again are the boss in my opinion.
511  Bitcoin / Bitcoin Discussion / Re: 85% of All Bitcoin Have Now Been Mined!!! on: November 01, 2019, 12:15:53 PM
what makes me interested in this news is the statement that "Just circa half a million coins (about $ 5 billion) are now left to be mined until next year when the block rewards are halved to ₿6.25 from the current ₿12.5" the statement made me asking "is mining next to bitcoin still existing (effective)? or will people start leaving to mine bitcoin?"
What do you think? are your thoughts the same as mine?
It depends on bitcoin price. Mining becomes unprofitable when the cost of electricity becomes higher than the reward for mining. when that happened at $3,200, many miners shut down and hashrate drops. The only ones that continued were those that had external funding (such as big companies) or were mining to HODL.

However, I strongly believe that this situation won’t be sustainable, because the difficulty is adjusted based on the transactional volumes, so it will self-correct and it will be profitable. You must remember that even when the mining wasn’t profitable, there were still miners mining at a loss. Hence, fewer people will mine, the difficulty will drop, and that will make mining more profitable, and leading more people to mine. besides fewer coins become available for sale because of halving and All else being equal, then we move along the demand curve, and price goes up again.
512  Bitcoin / Bitcoin Discussion / Re: No Capacity to Kill Bitcoin! on: November 01, 2019, 10:20:45 AM
Agree, at this point it is very hard for it to die. every exchange should delist and street trader should stop. 50 top cryptocurrencies are very sturdy. look at DogeCoin. the development stopped. the coin lives. P2P currency is the future of our society. We can deny that or even try to stop it but that’s the next logical evolutionary step for our monetary systems. Companies that act as a middleman are making insane profits for doing almost nothing. Bitcoin is something else. The price of BTC doesn’t dictate the speed of it's progress. Time does and we need a lot more of it. In my opinion, Bitcoin only dies when something better replaces it. For it's current purpose, there don’t appear to be any contenders as of yet.
513  Bitcoin / Bitcoin Discussion / Re: What are the dangers inside cryptocurrency investing on: November 01, 2019, 09:41:03 AM
Obviously one of the main risks that come with bitcoin is it's volatility. If you had purchased bitcoin on Dec 19, 2017, each coin would have been worth $19,000. But just a couple of days later, on Dec 23, each coin was only worth $14,000. That’s a 26% drop, or a loss of $5,000 per coin, just within the span of a 4 days. And it’s not the first and likely not the last time that the price of a cryptocurrencies swing so fast.

However, I sometimes see people say that more risk often brings more profit, but the losses associated with Bitcoin are more certain than earnings because it is highly unpredictable and esoteric. even seasoned investors and hardcore supporters of Bitcoin don't deny that trade in cryptocurrency is an extremely risky affair but greed has made them addicted to this digital gamble. also, consider legalization issues as a reason that one should no invest in Bitcoin immediately.
514  Bitcoin / Bitcoin Discussion / Re: Bitcoin is difficult to accept in countries on: November 01, 2019, 08:40:46 AM
Simply because Bitcoin is a financial instrument or a currency and they can’t think of a way to control it. the whole idea behind cryptocurrencies, at least the decentralised ones like bitcoin, is to take out the financial control from the banks and governments. since this will prevent the governments from taxing people and thereby take out their control over economy of the country. If everyone started accepting Cryptocurrencies tomorrow we could be free from all involuntary taxes. Wouldn’t be surprised if those that forbid or illegal it, allow it once they figure a way to tax it.
515  Bitcoin / Bitcoin Discussion / Re: Who is the single most influential person in Bitcoin? on: November 01, 2019, 07:51:53 AM
We are really fortunate that Bitcoin does not have a strong face associated with it, and it's probably what it's attracting so many people. This is not a one person game behind who we all rally to his/her command. This is a community and voluntary effort. We all do what we feel, some stick some does not, and Bitcoin keeps going further. the day Bitcoin is represented by one face, that is the day I know Bitcoin is going down and its time to pull out.

In fact I don't recognize any leading voices, influential person or whatever you name. There are however a few people that have done a lot for Bitcoin's development but I couldn't list all of them without forgetting or just not knowing about some of them so I'm not going to. but if you force me to say one name, i would say "theymos" for running the biggest Bitcoin community.
516  Bitcoin / Bitcoin Discussion / Re: Do me a favor, tell me really clearly and slowly what exactly a blockchain is? on: October 31, 2019, 10:26:08 PM
Blockchain is a distributed database existing on multiple computers at the same time. It is constantly growing as new sets of recordings or blocks, are added to it. Each block contains a timestamp and a link to the previous block, so they form a chain. The essential thing about a blockchain is that it records any transaction among parties, so it can be conceived as a distributed ledger. Once recorded the data cannot be modified or replaced, so it’s immutable and verifiable. Also, a blockchain can be programmed to automatically carry out transactions using smart contracts technology.

If you want more basic information i would suggest to read the original bitcoin whitepaper from Satoshi. you can download it from https://bitcoin.org/bitcoin.pdf
517  Bitcoin / Bitcoin Discussion / Re: Seven most imminent trends everyone should get ready for in 2020. on: October 31, 2019, 06:21:48 PM
Blockchain is indeed a useful invention in certain scenarios with large of potentials. For the employees because Blockchain offers one of the highest paying jobs today and for society because Blockchain is changing the face of online transactions and sensitive data storage. also blockchain is useful mostly in cases where you don’t trust the other party in the transaction, or where fees and services are expensive and slow. and in my opinion those who work with security (the most important of our daily life) already realize that it's vastly more cost effective to use blockchain rather than traditional ways.

Finally i would to say in the blockchain atmosphere I think bitcoin is the king, because the people working on altcoin chains are bound to be very smart and will realize blockchain technology is best suited to 'one chain to rule them all' and eventually migrate to the strongest decentralized chain in future where bitcoin is still vastly ahead of anything else.
518  Economy / Trading Discussion / Re: Why did 95% of traders fail and lose money? on: October 31, 2019, 05:38:17 PM
Because they are not HODLers, but greedy. You don't lose money if the prices fall. Note that you always COULD, theoretically, make more money by trading all the time, selling high, buying low, and so on. But what's theoretically possible isn't always realistically possible. the cryptocurrency market is so volatile that anyone can handle it, and stops following emotions when trading. If you have the right approach you won't even lose money EVEN when a company goes bankrupt. It's all about patience. invest in the right coins and just wait. Don't check every day on you coins and just let the market do it's thing. Be patient if the market dips low. The market has a cycle, the only way you lose money is if you sell lower than you bought. never do that. it's simple.
519  Economy / Trading Discussion / Re: Should move to BTC? on: October 31, 2019, 04:57:53 PM
Due to total capitalization I would go for other altcoins. I cannot imagine Bitcoin going 100x or even 20x. it would be too costly, but some altcoins can grow significantly with really small volume needed. who knows which one it would be, but personally I would trust in technology Holo, Nano,THETA and Ardor.

I think that Bitcoin will continue to grow in value (5x-10x) over the next two years but there is a lot of risk. the best you can do is to have a balanced portfolio so you have good risk/reward ratio. So before buying altcoins through exchanges like Binance/kucoin. buy Bitcoin, allocate the 30-40 percent portion from your portfolio to Bitcoin, then buy altcoins and you are set.
520  Economy / Trading Discussion / Re: Top 5 Cryptocurrency TA Indicators on: October 31, 2019, 04:24:57 PM
Of course every indicator has a purpose to serve, no matter which you pick up. moving averages help you determine trends, while RSI pinpoints when the Crypto market is experiencing extreme buying or selling. Keep in mind that specific analysis requires specific indicators and tools, and it would the best to understand what types of analysis you want, and what indicators come along the best for that specific investigation.

For me, I am into trend trading and a bit of swing trading and use 4EMA, MACD, StochRSI & Bollinger Bands and trade on the Green ones that has a higher volume. drawings on my chart include Support & Resistance lines along with trend lines (top & bottom) and rarely use Pitchfork for the same. that’s me, you are free to choose the one that best suits your trading strategy.
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