Latest posts of: Shenzou

Quote from: cuong1610 on June 24, 2018, 09:29:04 AM

Hello everyone, today I would like to share some of the things I have brushed through about Cryptocurrency.
I think the psychological problem is really important, if you are a newcomer to the market, making risky decisions and following crowd psychology is really not an option. insight.
When I first learned about Crypto when it was really good, the market was so good that it made me really excited and unlucky at the time. After that, not knowing enough about the news made me invest in one. As a gamble, I waited 1 month and 2 months and did not see it recover. And then I decided to leave the market because I ran out of capital. Then the market started to recover and it made me go crazy because of my destiny. I would like to recommend that you always be strategic investors, and do not be too greedy. Actually I think this is not a place to get rich or use free capital to enter the market. With me personally the market is really catastrophic and a lot of volatility. Please wait and listen to more news to get the reviews and decisions for yourself.

Well we all made decisions at first that we really regret taking, but what i have learned from this market is they you don't need to stress yourself over what you are doing, if you think what you are doing is right than do it, you have to take decisions and stick to them no matter what is the outcome, what might seem right to do now is always going to seem wrong in the future because the price is always going to be changing and that is the nature of this market.

Quote from: sort_cirkit on June 24, 2018, 07:51:55 PM

Bitcoin prices have never been so low this year. Prices were down to 5,826.41$ (Jun 24 2018 16:04:00 UTC). Many advisers say that at the end of the year it will hit 30,000$. The market is seeing more than the fall from the price rise. Imagine when the speculation will end?

All what these people say is what they want people to do, they just say that the price is going to reach a certain amount so that people go and invest in bitcoin and that will actually make it go up, i mean it is not a bad thing but don't take their word seriously because most of them have no idea what they are talking about and their speculation are based on nothing but guesses and hopes.

Quote from: Nnedaddy1 on June 26, 2018, 07:37:43 PM

What are the factors limiting the general acceptance of bitcoin as medium of payment.
What needs to be done to mitigate these factors and open opportunities for general acceptance of bitcoin?

Well there are not that many investments made into bitcoin, there are no major projects or brands that are accept bitcoin as a payment method, and that goes to the fact that bitcoin is a unstable currency that has its value constantly changing, like you could to day pay for a product 10$ worth of bitcoin which in the next day will become worth 20$, and the same applies for the other way, and that is what i think has made most investors not willing to accept it.

Well honestly i don't think that gambling addiction is that hard to get over, for me i think that people get that into gambling because they have nothing else to do, nothing else to keep them busy from spending money on it, if they have friends and family who encourage them to do activities and keep them busy from doing so than i am sure they won't find the time to gamble and they will lose their desire to do it, at least that is what i did for my friend when he started falling to it.

Quote from: easydrawrex on June 20, 2018, 04:28:47 PM

It's not about the price of the tokens. I would like to emphasize that high valued tokens/coins DOES NOT REPRESENT THEY ARE GOOD TECHNOLOGY. Look at the price of their tokens/coins in the market, but they keep failing for the past 2 years and some are just starting up and failed right away before and after their launch with 2 MAJOR PROTOCOL BUGS. I am talking about EOS here, very disappointing.

It is some what true, because the altcoin market lately has been heavily manipulated by the pump and dump strategy, but that is not always the case because i feel like the whole token and ICO have been like that since the beginning, people just invest in them when they are popular and good and as soon as they go on exchange they rush toward selling them, no matter how good or bad the coin is in terms of utility or the project that is supporting.

Quote from: Sanjeewa101 on June 19, 2018, 05:59:23 PM

What is your recommendation for Crypto trading, Day trading or HODL
Experience in crypto trading big loser or winner

It all depends on you and what you are trading, because some coins can be day traded because they have a volatile price so their price could go up and down significantly in a day which can lead to making profit from them, others are just better to hold to get the maximum profit from them on the long term, and also holding is probably much safer than day trading because as soon as you sell the price can keep on climbing and you would have missed you chance for more profit.

I really wish that the price movement of the bitcoin would be always like last year, not only the price was gradually going up, but near the end of the year it skyrocketed which gave a the chance to a lot of people including me who were working the whole year to collect their profit, i know that that might not happen again but i know that the price will eventually go up it is just a matter of time, we just have to be patient and not rush things.

Quote from: panjul07 on June 21, 2018, 04:11:04 PM

Quote from: maydna on June 21, 2018, 02:34:30 PM

I wish I can win the lottery in the freebitco.in because so far, I cannot win and I getting lost my lottery. I know it will be difficult if I don't have any luck and only depends on the lottery. I think everyone wants to show their feeling when they can win the lottery but unfortunately, we cannot win like other people so I think it will be a good idea to still playing with the faucet only.

If you want to win the lottery then you should increase your winning chance by buying lottery tickets. Indeed, it is not guarantee to win but at least you have better winning chance by buying tickets instead of using the free tickets from the faucet. You do not need to spend much, you can try with 1000-10k satoshi per week.

i mean why bother, from what i have read from previous post no one seemed to be able to win from them, is it really worth to spend 1000k satoshi every week on a chance to win something that does not exist, i know that freebitco.in has been online for a really long time and they have been a really good faucet for free bitcoin but through all these year did anyone come out and had a proof of him wining this lottery.

Quote from: OriginTrain on June 21, 2018, 04:12:14 AM

It's irritating to see people saying that after a 20% crash (which happened a week ago or so), that 1 or 2% daily recoveries is a good sign for the market. It's not.

It is a good sign, it is a step toward the right direction and no one said that it was a full recovery, you know what is really irritating is hearing all this negative thoughts being spreed on the forum, trying to bring people down, it is good to be positive and hope for the best, because letting negativity control your ideas about the market than you will definitely make some mistakes.

Quote from: Anthony1985 on June 06, 2018, 09:05:46 PM

This would really be great if it happens, don't you think?

https://cointelegraph.com/news/exclusive-world-s-top-crypto-exchange-binance-sets-up-bank-account-in-malta/amp?__twitter_impression=true

This seems like a great addition to the trading market, but i wish they would allow fiat to crypto exchange and crypto to fiat exchange because that would make a lot of our lives easier and also i wish they would make verification much easier i know they are trying to be secure and keep thing legal but its seems too much for me, plus using their site can be a bit overwhelming for new users even with the basic stuff.

Quote from: richan on June 20, 2018, 11:40:00 PM

Forget about the tokens in your wallet and forget about the number of bitcoins you hold. Are you really fulfilled to be a cryptocurrency geek? I am fulfilled for being part of this new technology: Blockchain, Bitcoin ,alternative currency, mining , masternode, trading and exchanges. I am proud of the knowledge I have obtained. I am delighted about the numerous tokens I have - both shit coins and profitable coins. I am proud of learning and working through bounties. Truly I am fulfilled, but I need more work to do. What about you?

Fulfilled probably is not the best choice of words to describe what we feel about cryptocurrency, i would say i am most of all satisfied of what have i accomplished up until here in terms of holding up to the challenges and the up and downs of the market, but still i have some regrets here and there, like i haven't hold on to bitcoin when i first known about it 3 years ago, in terms of how the market is going i am really not satisfied of its situation, i think its still have a long way to go before establishing a strong hold in the overall economy, but i am always optimistic and hopeful that the future will be better.

Quote from: ASHLIUSZ on June 19, 2018, 08:47:52 PM

Gambling is a major industry of the crypto market in the past and the same thing continues. Earlier bitcoin hasn't gained much attention from the common people. It was much used by the gamblers. It is the one that helped with the market circulation of bitcoin during those days contributing to the growth. Things changed as people begin to give acceptance as a valuable asset to invest and for various other purposes.

I totally agree i feel like in the early days of bitcoin there was no real ways, there were no investments where you can actually spend the bitcoin that you either mined or got except for gambling and buying things off the dark net, and i think that usage has continued on and got even more popular as its price started going up, and probably if we can make some statistics or start a survey we will probably find a large number of the people would be using bitcoin for gambling , which shows how much gambling has played a big role in the growth of the bitcoin market.

I mean it is not what we think its what the market needs, because why would anyone would spend their bitcoin for example like to buy a 10$ worth of bitcoin item that they know that tomorrow its is going to be 5$ worth of bitcoin, having an unstable coin used for trades is not something that is not good for neither the merchant or the customer, if we really want for the cryptocurrency to go further and be used as payment method we need to have some kind of stable coin.

Quote from: FindExchangeICO on June 12, 2018, 01:47:32 PM

Hi everyone!

What do you not like about crypto exchanges? What do you think exchanges could do better?

Curious as to what you guys think!

Probably the most thing that i want to change about exchange and exchange platforms in general is security, exchange can sometimes either way to secure to the point that it gets frustrating and hard to create an account because you need a ton of verification documents, or either they don't ask for any which sometimes can seem a bit fishy and the exchange platform turns to be a scam, also some of the many trustworthy platforms out there are really complicated to use so a new user can be easily overwhelmed with it and he thinks that exchange it really hard.

The reason why so many people are afraid of the government is because it has the power, i know most of you will hate me for saying that but it is the truth even if you say that people are the ones that have the power but i d say that that is delusional, this is not a world of democracy that we live in today, it is a world where the one is at the top rules, and the biggest prove to my words is that governments created paper money which was backed by gold at first, which is why many people were OK with it, but then they gave up on that idea and deiced that paper money was no longer need to be backed by gold you know why because governments said so because they have the power, and no one in the world had to say anything about it and everyone is using their useless paper, and for the same reason governments could at any moment destroy the cryptocurrency with one law, maybe not entirely but it will bring it down by a lot.

Quote from: JL421 on June 20, 2018, 08:33:50 PM

Another advantage would be the ability to verify your bet which i feel is really important. This helps you to find out that indeed the result was just random and wasn't generated or known by the site before you rolled it
Another unique feature is you get the ability to share profits with the site which so far is the best feature

I don't think that is an advantage, i mean you can't tell whether the online gambling site that you are playing on does not have a rigged system, because you are just seeing a number that is generated by a computer which can be manipulated with, where real life casinos you are rolling a psychical dice which absolutely can't be rigged, it is much easier to manipulate a site than to manipulate a game in real life.

Quote from: easydrawrex on June 20, 2018, 05:17:46 PM

For me, I don't think that Ethereum can beat Bitcoin as the Number One in the crypto market, it's because Bitcoin is getting more and more bigger each day because there are more investors coming every time and Ethereum still has a lot to improve in their blockchain and their security features.

It is not in terms of how big it gets, its in terms of practicality, you see bitcoin is going up more and more and that makes it a valuable thing that people won't think about spending as a regular currency for everyday usage, ethereum on the other hand is at a perfect price point and it has so much potential and has opened a lot of development windows for implementing the blockchain technology in many different fields, where bitcoin is not, bitcoin will stay the same until the end you can't change anything about it, and that is why i think that Ethereum will outlive Bitcoin.

Quote from: DriftKing on June 19, 2018, 01:35:23 PM

There are just couple of question I need some answering from people with enough experience in crypto.

Any particular tips on when to invest token when the prices are low?
And how can one manage to hold the tokens even the prices are bleeding?
Is there a specific time where one can pinpoint the best way to accumulate tokens?

Thanks for sharing your thoughts!

The first thing you need to know about investing in tokens is that you need to really understand the project that you are putting your money into, if it is good and gets popular than its prices will gradually increase even when it goes down, so you really need to pick the right token that you believe in and that you trust that it will go good, otherwise you will stress yourself out when you see prices going down.

Quote from: Raja_MBZ on June 14, 2018, 11:53:18 PM

Recently I tried leveraged trading for the first time at Bitmex, and ended up in a loss. It seemed similar to a gamble, where you deposit, place a bet and either win (and double) or lose everything. In leveraged trading, if you deposit & place an order and it reaches your liquidation level, you lose everything.

Gambling can't be compared to regular trading, as in regular trading, you don't win much and don't lose much either. However, if you're trading with leverage, then that trading can be considered something similar to a gamble.

Well i think that even leverage trading can't be compared to gambling as well, because no matter what trading is always going to depend somewhat on knowing the markets and what you are trying to trade, where is gambling it all depends on your luck even if you try to convince yourself otherwise, trading with leverage and putting a price that the coin is not going to fall down to is not something that you just guess it is something that you need to really look in too and decide where in gambling its all based on preeducated guess.

Quote from: totoy4741 on June 18, 2018, 07:40:04 AM

Is there any posible way to filter who are going to make an ICO to be able to know if there are scam or not? And is there any bodies of law that would be able to punish them once they turn into scam. And what punishment should be given upon committing such the crime?

ICO and cryptocurrency are still not regulated so anything that happen yo you when investing your money into this type of market is done at your own risk, risks that you should know of before putting money and time into one of them, protection is better than treatment, you need to know how to protect yourself from these scam before it happens.