Can someone tell me why the price of BTC is Crashing ? Will it go back to 1USD =1BTC ?
1 USD = 1 BTC!! Nope, that's never gonna happen. It will take 150-200 rounds of trading of same Bitcoin so its value get depreciated by 99.9934% from 15K to 1 USD. I don't think it would ever happen that 150-200 traders in a row will buy high and sell low. Current market crash was just temporary one like we seen 1001 crashes in last 8 years.  Chill! Bitcoin isnt going anywhere down, it is just resting. |
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- How many coins should I buy?
- How to assess the coins to select the best ones
- Cheap coins or expensive?
- Big markets, or low markets?
- With $2K, I would suggest 4-5. - TA (Technical Analysis) is best way, dumpings and pumps could easily predicted doing few minutes study of charts. Binance's charts are best for TA. Else keep eyes on news and buzz. - Hardly matters. Both can burst. - Always go for Big Market coins.
But I think the real potential is in cheap coins, because they can multiply their value really easy.
Yes. Under $1 coins are best way to double, tripple or even more in short time period say 1-2 weeks. For example, XVG, TRX, etc. Just keep sure coin is really worthy and has big cap to sustain big rise. Else market will crash easily. |
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Do you think when time comes for crypto coin's mass adoption comes, prices of coins will stabilize?
Ah! It's hard if we ever reach that position. There are basically two reasons for that: 1. Potential: Currently cryptocurrencies are being used (real people who invested or using cryptocurrencies in any mean) by hardly 0.4-0.5% world's population. It is too low to what called 'Mass Adoption'. Even if adoption increases at the rate of 1% per annum, it would take 60-70 years to reach stage of mass adoption. Also we generally consider that stability increases with adoption but 'Stability' and 'Mass Adoption' graph is inversely related in early stage. So until we reach 10%+, volatility will increase with adoption. 2. Decentralization: Everyone is free to create his own coin. So we seeing flood of cryptocurrencies in 2016, 17 and trend will continue in coming years too. Therefore it is hard to believe that all coins achieve stability. Most of them will remain volatile. |
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Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
Yes, Bitcoin is viable mean to enhance position of troubled economy but how? This is big question. People will say by letting individuals earn in BTC. But it won't work well because there isn't any established mean to earn BTC or if government try to introduce BTC as mode of payment then it also won't go well due to scalablilty and congestion problem. Better way is that government should maintain its reserve in Bitcoins rather than Gold and Encumbered Securities. In this way, value of country's currency will rise with BTC rise and at the same time inflation could be controlled as country's currency will have instant liquidity with another currency having asset aspect. |
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Full disclosure: I am a team member and advisor of a similar token which is about to launch our ICO to fuel growth, not initial development of the product.
I am interested in any ICO, Crypto, or other investment vehicle that is secured by a physical asset like precious metals, gems, land, etc. Does anyone know of these existing in the current market?
Yeah, there are several projects launched already backing value of their coins with traditional physical assets. Some of them are: 1. Xaurum: Gold backed cryptocurrency launched in 2015 2. Xaurum Gamma: Land backed cryptocurrency launched in 2017 3. SLVR Mine: Cryptocurrency backed by Silver launched in 2017, planning another round of ICO in 2018 4. Cedex: Diamond based blockchain exchange, launching its ICO in March 2018, worthy project with huge buzz already. There maybe several more projects. I could only recapitulate these at the moment. Will add more if I remember. How would Xaurum Gamma even work? Is the land only from one country? I believe a lot of country have restrictions on land ownership for foreigners. This question has fascinated me too initially when project was launched. Actually, project belongs to single island namely KRK in Croatia. Team had conducted ICO to pool enough money to buy villas on this island. Next they are aiming to increase their investment value through raise in the value of Land and villas. To integrate cryptocurrency into project, team is providing rent for as low as 100 Euros if someone pays from XGM coins which is much lower than real rent. Along with it, person can even convert his XGM token to real villa property. Read more here: https://xaurum.org/gamma/ |
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Really! How could Bitcoin be considered Veblon Good when it has no real intrinsic value? I don't think myself richer than Mr. X if I have 5 BTC (let 1 BTC = $15K) and Mr. X has $75K in Paper Money. The main reason why its price is surging is that the demand of Bitcoin has crossed its supply in market and as a result buyers are trying to increase buy price in order to acquire BTC. The reason of demand surge can once again co-related to expectation of investors to get more returns in future. This point is clearly explained in article here: “Bitcoins do not provide investors with cash-flows or other benefits, but the maximum supply of Bitcoins is fixed and so the price is driven by speculation on the potential demand for Bitcoin.”
Then where is Social Status playing any role?  |
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The whole market was dyed red yesterday. It was such a bloody Thursday but I think, the fact that the Korean prices being removed from cinmarketcap.com is not the real reason behind it. For me, the main reason was the FUD's still hanging around that causes a lot of holders to dump their coins just because they saw the prices decreased by so little amount, was overthrown by their emotions and then sold their coins with trembling hands and knees in fear of profit loss. All of this just because of the news about Korea planning to ban trading. All in all, this will not really affect the price of the coins in the coin market. If we look now, we'll see that the most coin prices had already recovered.
What you are talking is just temporary impact of removing Korean Exchanges. Sooner or later, market will and has recovered. But there is another aspect we all are missing at the moment which could seriously effect long term sustainability of Bitcoin and that is... "So far CoinMarketCap was taking Combined Mean to determine price but now in order to lower deviations, it has removed extreme values. But was it necessary? I will say no. By removing Korean prices, CMC stressed on the idea that US/UK prices are more accurate than Asian prices. After Korea, we could see Indian, Chinese or Japanese exchanges being neglected by CMC. Are we going on the path of declaring West to be the power of Bitcoin? Are we diluting decentralization essence of Bitcoin? Maybe..Maybe.." |
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Let's suppose you want to sell a coin that you purchased and now it's on 50 cent and the best bid on the exange you are willing to sell is 0,20 .
How do you generally behave
Do you sell or do you wait for best offers? Do you go on other exanges where there are better bid offers?
Do you sell a small ammount at the best offer and then wait for other best bid to sell to?
For example It' always a pain to see a coin at the market price of 2$ and having to sell it at 1,6009j because greedy people want to buy only at this leve (example) in that moment
How do you beahve usually in these situations? Do you ake distribution selling (selling a small piece time to time for the best offer) or do you sell everything at the best offer just because you want to liquidate everything?
Your question has several parts. I will answer one by one. You said Market price shows $2 and best bid is $1.6. The market price is an average of last prices at which trade happened on all the exchange so it is always bad to sell off your coin at bid price which is 20% less than the price of last trade. So you should rather create sell order above $1.6 Now coming to inter-exchange price difference. You said one exchange has price of $0.2 whereas other has $0.5. In reality such situation hardly happens. The difference of 250% could only be possible in the case of deposit/withdrawal problem or wallet maintenance. Or if anything like this happens in normal condition, everyone will run to other exchanges. There is nothing like "Willing Exchange" if it is giving you 60% less from other exchange. |
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Hello, Friends...
I Recently listen about the ICO (Initial Coin Offerings)!But I'm confused, Is it a Right Investment or Not?
Anyone Suggests me!
Initial Coin Offering is a beautiful avenue for startups to raise money and also for investors to make some more money. It is a lucrative way of investment when you invest in a very good product. So more studies need to be carried out before the proper investment on the products. You have nicely briefed positive aspect of ICO. Yes, ICOs are indeed a good way to make quick Capital Gains (much faster than any other investment) for investors, at the same time provide teams to give headstart to their projects. But pre-research is very necessary so to remain safe from any kind of losses/scam. The basis of research can be various for example, examining ICO team, their authenticity, etc etc. By the way, you can look to ICO given in my signature, already raised 64M. |
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Full disclosure: I am a team member and advisor of a similar token which is about to launch our ICO to fuel growth, not initial development of the product.
I am interested in any ICO, Crypto, or other investment vehicle that is secured by a physical asset like precious metals, gems, land, etc. Does anyone know of these existing in the current market?
Yeah, there are several projects launched already backing value of their coins with traditional physical assets. Some of them are: 1. Xaurum: Gold backed cryptocurrency launched in 2015 2. Xaurum Gamma: Land backed cryptocurrency launched in 2017 3. SLVR Mine: Cryptocurrency backed by Silver launched in 2017, planning another round of ICO in 2018 4. Cedex: Diamond based blockchain exchange, launching its ICO in March 2018, worthy project with huge buzz already. There maybe several more projects. I could only recapitulate these at the moment. Will add more if I remember. |
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Please let me know what you guys think about about Coinmarketcap and why people panic like that. This made me think for a while. If you also think Coinmarketcap scammed people here, what is the solution and what is the alternative?
How could something be called scam if no money is involved. Well I don't consider CMC to be wrong here. The basic problem is the demographic of Crypto Investors. Most of the crypto investors are just noobs and path followers. Hardly 5-6% do real TA, rest just rely on market signals and eventually lose. We have population of investors who are ready to buy any shitcoin just on one call of 'McAfee's Coin of the Week'! I mean seriously, how could people be so dumb. Rest CMC is private site, it keep doing amendments to provide accurate estimates. It removes outlier prices regularly. This may be the same case too. If you don't like, you can stop using it. |
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Campaign participated: Translation
Translation spreadsheet row number: 12
Neo address: AShRNMKUGNKBvdRBt9QknPKS36anoRK1gF
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I believe we went too fast too high (830Bn Market cap maybe more...) Time for correction. But I think soon it will be time to go go bottom fishing !
Or there are news I didn't see ?
Market Cap increasing due to intensive inflow of public into Crypto world. The legacy of Bitcoin have insisted general public to enter crypto world in order to make large profits which isn't possible in traditional securities market. But as we see Bitcoin is already increased very much and possibility of profits in BTC is not as as high as possible in past. So investors moved to other coins which resulted enormous increase in Crypto Market Cap. I don't see any rush in that. Increase is gradual and real. I don't think we seeing any big dumping, it is just temporary fall and recover soon. EDIT: I have just noticed following image on internet, it could be the reason for recent crash.  |
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is this the best time to buy now any currency its 8 th jan 2017 and just now seen all cryptos are down ...  When you measuring values in USD, 95% coins will be red if BTC has a dip. Same can be seen today, BTC is down by $1500 and as a result most of the coins are red. Basic reason for this is that most of the exchanges trade cryptocurrencies taking BTC as base money. When base money itself declines, all cryptos which have valuation in base money will fall too. Simply change base from 'USD' to 'BTC' from top and you will see more real picture. |
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If I keep day trading $100k and I make a $1000 a day off of it.1- Do I pay taxes on the $100k? or just the $1000 a day I make? 2- Will I pay income taxes on it or capital gains taxes? 3- Would I pay less taxes if I become a company? compared to be an individual? 4- What type of company I should become? I`d greatly appreciated it if someone can give me some detailed information about this. Also let`s not forget to attached the IRS form https://www.irs.gov/pub/irs-drop/n-14-21.pdf 1. case(a) You will pay tax on $1000 * 365 = $365K if you invested $100K from already taxed sources. For example: BTC or other cryptos bought from bank deposits. case(b) But if you used $100K earned from online sources, etc (which aren't taxed already) then you need to pay tax on $365K+$100K = $465K. 2. From point 1. above, if case(a) implies you need to pay tax percentage according to Capital Gains limits. Whereas if case(b) implies, you need to pay income tax on whole $465K, they won't be considered as Capital Gains. 3. Nope. It won't matter unless you running crypto based business but even in that case your tax will be more than individual. 4. You shouldn't. |
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What's this? If under approval than why it isn't locked?
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Happy new year guys !  Same to you, buddy! |
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