Hello people, First of all... yes i hold btc and altcoins  i believe in blockchain and so on... anyway But what if, when this "correction" is not a correction.. Rather the beginning of the end of the cryptomarket, as we know it... I missed the chance to sell at the high, but never thought, that the market is falling so fast and so strong... at the moment, we cannot say where the bottom is... almost no moves up.. just crazy... so much money goes away from the market.. If we were wrong, then so be it. That's a consequence of believing in experimental and disruptive things. Bitcoin is still so far experimental, we will either get our invested money turn into thin air or become the new wealthy elite. Big risk, big gain. But chill, I don't believe in Bitcoin for no reason. At this point, it's almost impossible that cryptocurrency is going to end. So many signs of positive growth in the last year. True, there have been many instances of people taking risks, in some of those occasions things turned out badly but in others things worked out, we are still not sure if bitcoin is going to work long term but we have a clearer view than the one the early adopters had, and I think there is a great chance we are right so now the only thing we need to do is to take care of our coins and to keep holding our investment so we benefit the most out of the risks we are taking. |
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Stop buying high and selling low you are just draining the market cap... if you bought something you should have done your homework and believe in the project and If that is the case then stop whining when it drops 30-40% following BTC. Then you selll in a panic and poof there goes market cap....
Hold your shit and let New $$$$ come into the market. Stop giving it to the millionaire day traders manipulating the share prices...
End of rant
I agree with you bro. But, if we know that it will drop. Then, we must sell it first (I meant stop loss) for some % loses. And we wait it for dip. In dip price we buyback our coins. So, we will get several coins from buyback, and then we just hodl till it goes up. We will get more benefits.  I sounds very easy but it is not, to time the market perfectly is something that only a minority can do after all how any predicted the price will go even lower and was able to give a precise prediction of when it was going to happen, make no mistake many people have tried and they have lost money or were left out when they sold thinking the price of bitcoin will go down and instead skyrocket as we saw in the last months of 2017. |
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bitcoin prices continue to rise as this is one of the causes of increased bitcoin users, whose goal is to change a much better standard of living, give your feedback on this?
Yeah most of the rich now come from bitcoin. Those who go there are those who work hard. It's hard for them to do what they dream about. Become rich and vibrant in the life they live in. There are also some who are rich in bitcoin, they earn much more than their permanent job. They earn substantial depending on how much you invest money. Some of the people who use bitcoin earn millions of money because of their investments that are successful. Yes but that is going to begin to change, bitcoin was the number one way to become a millionaire with crypto some time ago but now with so many successful altcoins and icos it makes more sense that if you want to obtain a lot of profits that you invest your money in one of those coins instead of bitcoin that way not only you will get bigger profits but it will be faster as well. Number of people use Bitcoin is still raising when they understand the benefits of Bitcoin. That's why Bitcoin attracts many people to invest. It help price of Bitcoin will increase stronger. They become rich. Example like my uncle, he invested Bitcoin 2 years ago. Now he is rich because the price of Bitcoin is higher ten times than 2 years ago. That is good for your uncle but two years have passed already, a person investing right now is going to find a situation in the market that is very different, now the market cap of bitcoin and most cryptocurrencies is very high, you cannot invest a low amount of money in bitcoin and expect to gain much money so right now the best thing to do is to find promising altcoins and invest in them and hope for the best. |
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Bitcoin is now slowly recovering because of the holiday and the news about banning of bitcoin the bitcoin price decrease.
This decrease makes some investors to panic and to sell their bitcoin, they trust for bitcoin is gone because of panic thnking.
But this decrease also attract some investors to invest again because of low value, thats why its price is slowly recovering.
Hold and hold trust bitcoin, and gain more profit.
Bitcoin is down once again, and now it seems this has to do with tether and a scandal taking place, if the rumors are true or at least people believe them to be true this could explain what we are seeing right now since bitcoin requires huge numbers of money circulating so it can maintain its price and if tether was a fraud then the numbers will be impossible to maintain. |
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I have a bad experience in bitcoin's volatility. I had a wrong timing in withdrawing bitcoin in a trading site which is hitBTC. It took 3 days to receive and by that time the bitcoin collapse and I wasn't able to buy the thing I want. Bitcoin's volatility is a disadvantage of the coin. A sudden change in price may affect the people's mood when they need to get money for urgent times. I hope bitcoin wouldn't collapse in great values like ethereum.
You were just unlucky it is very common to see the opposite effect as well, most of the time I wait until the price is very high to buy stuff with bitcoin, that way I need to spend less bitcoin and I still got what I wanted, maybe if you were not in a hurry you could have waited until the price of bitcoin recovered before withdrawing to fiat. |
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Dude, you're really lucky. I joined 60 airdrop campaigns and earned $ 100 in total ) I think I'm the most unlucky man in the world I think this is just the way it is, airdrops for the most part are not profitable at all, and by the looks of it some are scams as well, sometimes people get lucky and some persons rush in trying to emulate that success and they never do, in a way that is similar to what happen with bitcoin if a person earns a lot of money with bitcoin many of their friends will try to do the same thing, even if they know nothing about bitcoin. |
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You'll also need the info for all of the exchanges that you have an account on. (If you have anything there...) Your phone still needs to be active as well for 2FA.......hope no one wipes out that SIM card!
Exchanges will be long gone, there is a better method to storing your coins. It's just storing them on a simple computer. No method is fool proof, computers break down you know, what happens if someone throws away the hard drive with your bitcoin, that has happened before and it will surely happen again, if you create a paper wallet that paper can be easily destroyed, if you do something to preserve it now that piece of paper can be stolen, so it does not matter what method we think about there is always a way for that method to not work in the future. |
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Bitcoin isn't moving very much just now. Up a tiny bit and then down a tiny bit. Would this be very boring for people. This might not encourage more people to buy. I think the only way people buy is if it's going up and down more. Because then at least they will have half a chance of making a good profit.
This is just a small moment of calm, even if this lasts for month or years you need to take advantage of the opportunity, we all know that bitcoin is not going to remain at that price forever and most likely it will go up once again, so if this lasts then save all the money you can and invest in bitcoin, I have been waiting for something like this for months and now that is finally here it is a good idea to take advantage of it. |
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Well, in any game the strong win and the weak lose...
Yes, it's called "natural selection", as Darwin explained... Remember it is the survival of the fittest not of the strong, this is proven by the dinosaurs, they were the biggest and most dominant species but they were unable to adapt to a new set of circumstances brought by the asteroid that hit the earth, in bitcoin those that are unable to hold for long enough are eliminated from the market while those which have what it is necessary to do it are rewarded, the principle is the same even when the circumstances change. |
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I agree with #1-#4, but #5-#8 are a stretch.
Except for points 1 and 2, which states that the fees are high and transactions takes hours everything else is false, the devs are the best in the entire crypto scene, bitcoin was never supposed to be anonymous and this was just the assumption of people not really informed about the market, everything else is just a stretch of the truth or a lie trying to FUD bitcoin owners to sell their coins but it is not going to work. |
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Hi can anyone post links on where to get Free Airdrops? I'm bored playing and doing puzzle to get satoshi's which you wont be able to transfer because of the minimum amount required plus the fee. Thanks in advance. Any bounty for newbie? Your response is much appreciated.
There are many bounty campaigns in the bounty section of the forum, since you are a newbie it is unlikely you are going to get paid by your signature, but you can apply for translation campaign, twitter, Facebook, telegram, even YouTube campaigns, so your rank should not be an impediment to get those bounties, just remember that many of those coins are not really valuable so you may have to wait some time before you sell. The OP still need to wait he/she is up rank to a Junior Member because none of the bounty campaign is accepting Newbie this day. But you can still check the air drop alert for some airdrop which you could earn some token or coin and Graft credit card and universal crypto payment processing network ICO is live which give you a better return also if you're in deed bored of playing. ANN Thread https://bitcointalk.org/index.php?topic=2115188.400ICO site. What has to do your rank with for example trying to claim the bounty of a translation, as long as you have the skill and you have previous works that proves you are able to perform the job your rank should be meaningless, but I do not have any experience with that and maybe you are right. |
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Do you remember? ..., with its corrupted zimbabwe currency due to deflation.
As a result of deflation, Zimbabwe dollar currency value began to fall apart in 2009 ago.
At that time, where every 500 thousand trillion Zimbabwean dollars is the same as $ 2.
This is what makes the banks in Zimbabwe publish money with a large nominal, such as 'hundreds of trillions of Zimbabwean dollars'. Sometimes, to pay the bus fare alone, the money as much as 100 trillion that is still not enough.
But that is inflation not deflation, deflation is the shrinking of the money supply that is all, the problem with that situation is that there is less money in the economy and as such people begin to cut down in their expenses this creates a spiral of less economic activity until the economy halts, this is dangerous since you now need to chase less dollars with more effort but your debts remain the same. |
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I want to share my opinion on the question of Bitcoin's high volatility, but it is just an opinion so please be patient with me. I've read a few topics here and there where people ask about Bitcoin's volatility, its causes, and whether it is going to end one day if ever. Below is my take on the matter.
People want to know when we will reach the state of more or less stable cryptocurrencies and whether it is possible at all. I think that without wide adoption in the real sector the volatility of cryptocurrencies is not going anywhere. The reason is quite simple, and you don't need to be an Einstein of economics to understand that. For example, fiat currencies have wide application in the real world. You can buy food, water, clothes, whatever with them. In short, you always know how much 1 or 1,000 dollars can buy, and this sets the reference point for the dollars worth of things. And this is the main reason why volatility of major fiat currencies is constrained. Let's take the dollar as an example here. If the dollar becomes undervalued in respect to goods which can be bought with it, people start exchanging other currencies for it, and the dollar value rises. On the other hand, if the dollar is overvalued in respect to the same basket of goods, people start selling it for other currencies, and the dollar value falls. In both of these cases, the effect is diminished volatility.
With mostly speculative assets like cryptocurrencies, it doesn't work like this because there is no such point of reference. Therefore, there is no limit for volatility either. The bottom line is that if we want lower volatility of cryptocurrencies, we need wider application of them in the real world. We need them to be extensively used in commerce as a means of exchange for goods and services, not as a vehicle for speculation.
Wider applications for cryptocurrency comes with more money and that comes with more volatility as well, volatility is not going to subside until we reach a point in which the cryptocurrencies market begin to move a significant amount of the wealth of the world, that will make very difficult for banks and governments to move the price that much but even then volatility will be greater than in other markets. |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
It is not part of their nature but their characteristics force to a great volatility at least in the early stages, if there was a central bank of bitcoin then it could create more bitcoin out of nothing creating more supply to meet the demand, but we know that is not the case, so when demand goes up the supply does not and you get rising prices, and when you add that most of the community is holding this creates greater scarcity. |
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The real world worked with a currency like that for longer than the current system, and that was gold and silver, both are limited in quantity, you can extract more but there is a limit to how much you can extract every year, similar to the process of mining in bitcoin, so no, real economies could work with a model like this and in fact economies will thrive under it since the inflation will be way lower than right now. I agree with this, actually gold and silver are the main assets actually backing your fiat. Gold and silver are very rare nowadays as we have excavated so much of it and it is far too difficult to get them. Just like how bitcoins are. This is the reason why Bitcoins will still be a good alternative as it has the same concept and that it is something we can trust to be true. In fact the current problem with fiat is that is not backed with anything, paper currency could work if it was tied to gold and governments could not print more of it until they got more gold, but the problem is that if they did that they will have to be fiscally responsible something they seem to be allergic, do not forget that fiat means command so fiat currency only has value because governments say so. |
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This is because of bitcoin good reputation. It gain enormous trust from its users, and these people spread the word about the life changing benefits that they get from this investment. Aside from being top value wise, bitcoin also is the longest digital coin in the market.
Bitcoin has it all, it can give nice profits, it is the safest coin out there it has the best devs, when you begin to think about this there are very few aspects in which any coin can try to compete with bitcoin, that is why most coins concentrate on the speed of transactions but what they never tell to you is that if they had as many transactions on their network they will have the same bottlenecks as bitcoin. |
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Hello people, First of all... yes i hold btc and altcoins i believe in blockchain and so on... anyway But what if, when this "correction" is not a correction.. Rather the beginning of the end of the cryptomarket, as we know it... I missed the chance to sell at the high, but never thought, that the market is falling so fast and so strong... at the moment, we cannot say where the bottom is... almost no moves up.. just crazy... so much money goes away from the market.. If we are mistaken about our predictions then we will suffer a great loss of money, it is not something nice to think about but that is reality, when you make a good move you get the rewards and when you do a bad move then you get the losses, but it seems we were right, bitcoin is recovering, it is not recovering as fast as we would like but that is better than nothing. |
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Stop buying high and selling low you are just draining the market cap... if you bought something you should have done your homework and believe in the project and If that is the case then stop whining when it drops 30-40% following BTC. Then you selll in a panic and poof there goes market cap....
Hold your shit and let New $$$$ come into the market. Stop giving it to the millionaire day traders manipulating the share prices...
End of rant
This may seem easy but in reality it is one of the the most difficult things a trader can do, holding while the price is down, those that are completely convinced of bitcoin can do that without any difficulty but not every person has the same conviction especially those that are relatively new, if our first experience in the market is to see a huge drop in the price then it is understandable that a person panics and sells for a loss. |
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https://cointelegraph.com/news/bitcoin-laundering-less-than-one-percent-of-all-transactionsA recent report from the joint Bitcoin analysis team of FDD and Ellicit, a Bitcoin forensics company, indicates that less than one percent of all Bitcoin transactions involve money laundering.
The report, written to help analyze the flow of funds and the danger of money laundering, has indicated that money laundering isn’t nearly the problem some critics of cryptocurrency believe. The report states:
“The amount of observed Bitcoin laundering [is] small and darknet marketplaces such as Silk Road and, later, AlphaBay are [generally] the source of almost all of the illicit Bitcoins laundered through conversion services.”
The report also indicates that the vast majority of illicit transactions using Bitcoin were processed in Europe, receiving more than five times as many illicit transactions as North America. If this number is correct then I'm surprised, I thought the number will be higher but it seems the number is very low, this is really bad news for all of those people that keep insisting that bitcoin is a currency for criminals, soon enough they are going to run out of arguments to try to bring bitcoin down, however it is possible they always knew this and they were just lying. |
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I can not understand why everybody is selling right now, THIS IS JUST A PERFECT TIME TO BUY.
I have already bought 1 bitcoin today, and i am buying a bunch of altcoins at this moment, everything is extremely cheap and this really makes me happy.
The answer to this is relatively simple, most of the people selling right now were never convinced about bitcoin and were looking to make some quick money, when they realized they could not do that they sold for a loss, this is why they are called weak hands and the more popular bitcoin becomes the more weak hands we are going to have and that will make bitcoin even more volatile. |
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