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281
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Economy / Economics / Re: Is time too late
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on: October 28, 2017, 04:40:48 PM
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Itīs not too late. If you think of disruptive new stuff that came along, they are eventually passed by others but it is not easy. BTC have its flaws but it was so groundbreaking that for some coin to take itīs place it cannot be only slightly better, it has to be disruptive again. So BTC is still very new and most of us, even the latest arrivals will steal be seen as early adopters of crypto currency. So to see BTC at a 10k level is almost inevitable, and even higher depending on other projects that come along.
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282
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Economy / Economics / Re: The human brain is not ready to deal with exponential growth
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on: October 27, 2017, 09:34:19 PM
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I was reading old posts to try to find what people were saying back in the day about BTC reaching $5000 and found interesting post such as this: Not going to happen. I doubt we'll ever see $100 BTCs much less BTCs selling regularly for thousands of USD per BTC. Not in 20 years, not in 100 years. Just think about how much bid depth you'd have to have to absorb even 1000BTCs at $5000 without slipping, say, 10%. At just $100/BTC you'd have to have somebody with a single $100,000 bid at 100$/BTC not get any slippage.
The price might make another go at the previous all time high, but just like the pump and dump that induced that high last time, it won't hold there but momentarily because there simply is not, and probably will never be, the necessary depth to keep the price up. I'm confident we haven't seen the last of single digits, and we'll probably still be seeing single digits years from now. Source: https://bitcointalk.org/index.php?topic=100487.0 (not necessarily post here, admins dont seem to like old threads being brought up again for some reason, but it's good to read this for historical reasons) Also a lot of people were talking about the scaling drama already back then. It's funny here we are hitting $6000 now. A lot of people posting there sold and are now depressed for life. I don't think it's something to do with exponential growth that is detrimental, it's more the unbelief that such a (previously) niche item and community could blow up in the way it has. And having Bitcoin hitting new highs almost weekly definitely has some people depressed, but keeping how it looked in their position is also something most of them remember. Sure, I'd be pissed with myself if I sold early and never got back in, but I wouldn't be feeling down with myself constantly. I've already had similar experiences over the past few years and I still keep trucking along. I think we must learn and adapt to the fact that any nich in the global internet era can blow and be HUGE! And now bTC and blockchain could make this fenomenon even bigger because along with the global fenomenon of internet its adding decentralization and a payment means that its truly global. So i think this is the grounds to see nich projects to become huge at a faster pace and rate than before! |
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283
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Economy / Economics / Re: The human brain is not ready to deal with exponential growth
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on: October 27, 2017, 09:30:28 PM
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I was reading old posts to try to find what people were saying back in the day about BTC reaching $5000 and found interesting post such as this: Not going to happen. I doubt we'll ever see $100 BTCs much less BTCs selling regularly for thousands of USD per BTC. Not in 20 years, not in 100 years. Just think about how much bid depth you'd have to have to absorb even 1000BTCs at $5000 without slipping, say, 10%. At just $100/BTC you'd have to have somebody with a single $100,000 bid at 100$/BTC not get any slippage.
The price might make another go at the previous all time high, but just like the pump and dump that induced that high last time, it won't hold there but momentarily because there simply is not, and probably will never be, the necessary depth to keep the price up. I'm confident we haven't seen the last of single digits, and we'll probably still be seeing single digits years from now. Source: https://bitcointalk.org/index.php?topic=100487.0 (not necessarily post here, admins dont seem to like old threads being brought up again for some reason, but it's good to read this for historical reasons) Also a lot of people were talking about the scaling drama already back then. It's funny here we are hitting $6000 now. A lot of people posting there sold and are now depressed for life. I like to revisit this kind of threads, and will love to see my own writings in a few years. I went back to the thread and user Kupsi replied 5 years.i clicked on him and saw he was active on Oct 11th. So maybe he reads this thread and comments on his own prediction of five years that only failed for a coupled of months:) And if he still has the same crystal ball maybe he can make us some new predictions as well:) |
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284
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Economy / Economics / Re: Bitcoin to be Taxed......
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on: October 27, 2017, 06:59:18 PM
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There is no way to be taxed. Who is going to follow the money flow? There are some tax free transactions happening. like transferring funds to an exchange or from exchange to own wallet. how the goverment will spot income and own transfers? so this is impossible for now and for ever.
I disagree with you. If they make the exchange follow some kind of KYC policy and only allow that customer to have a single address, that address can easily be monitored. Or on the other hand the exchange can be made to disclosure the amounts each client has. Thatīs why we are eager to see D -ex working:) and then focus on privacy coins! BTC 2.0 must be a privacy focused coin! |
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285
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Economy / Trading Discussion / Re: long term buy and hold strategies for crypto currencys
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on: October 27, 2017, 06:23:04 PM
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Hey guys, i am currently investing 10% of my total assets (other 90% are stocks and bonds) in cryptos and i hope that i am not to late  (i gonna bring this money within the next 6 months to the market using dollar cost averaging). I wanna handle these 10% like i do with my stock investments: buy and hold with a algo based rebalancing strategy. I want to split the money as follows: 50% Bitcoin 20% ETH 10% Litecoin 5% Monero 5% BAT 10% ICO Picks (gambling) with an estimated holding to the next rebalancing period. What do you guys think about this allocation and buy and hold strategies in general? I am also very open for different allocations from long term investors. Would be great if you share your long term portfolios and strategies! Greets and Thanks! I like the overall looks of it. 50% BTC is somehow a safehaven. 30% in well established coins. For you itīs ETH and Litecoin. Then 10 in smaller coins and 10 in ICO. My pics are a little different as i put monero in the "30% well established" . The 10% of small Pics for my goes to very cheap and small market cap coins. And instead of 10% ICO as my ignorance is unbeatable i go For assests that bring dividends. Itīs TAAS at the moment. |
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286
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Economy / Economics / Re: Bitcoin to be Taxed......
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on: October 27, 2017, 06:19:26 PM
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This is interesting could be a mass following with this. South Korea is preparing to Tax bitcoin use after the cryptocurrency's trading volume sky-rocked. This could spark a new trend s everyone battels to see how to control the life of cryptocurrency's
When this happens one of the things iīm looking forward is to see who wins the battle for anonymity/fungibility. Will it be Monero? ZCash and projects on ZKsnarks? or people will just embrasse the fact that we are all watched and controlled and just give up their privacy permanently. Iīll try to get some more privacy coins, because with BTC on the spotlight that market will pump.. |
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287
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Economy / Economics / Re: Investment amount
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on: October 26, 2017, 03:11:16 PM
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To start investing in crypto donīt rush in the thought that you are taking out speedy fiat income. I see people investing their first money in BTC and 1 second after they are aquiring a "crypto debit card". Take a pause, deep breath and think lon term. How much are you willing to put in a High risk investment. How much are you willing to loose? If itīs 50...then 50 it is!
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288
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Economy / Economics / Re: Whats the ranking of bitcoin in terms of currency
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on: October 26, 2017, 10:38:43 AM
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BTC is a currency. But a currency with limited use cases. You have our very own microeconomy here in the forum, you have some blackmarkets and dubious activities and some web sites. The Real bigo volume is on exchanges and speculation. So I wouldīt place it in a currency rank anywhere near the most important currencies in the world like dollar, pound, yen or euro. But crypto will get there as many countries will realized itīs full potencial. What we donīt know if the decentralized revolution will get mainstream or if the centralization will win.
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290
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Economy / Trading Discussion / Re: What Will You Do If You Are Trap On A SHIT Coin ? Or Low Volume Coin
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on: October 25, 2017, 11:06:24 PM
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No one gets it I think, There are no new projects with every new coin launched, They are just the same whitepapers and ideas with different names, There are more than 1200 coins according to CMC but only 2 innovative concepts. A crypto currency/ bitcoin & smart contracts/ ethereum, What else these two are incapable of doing? If you are looking for someone to blame then you are the sole responsible for your loss.
Holding them is your only option.
I get what you say. But BTC as a currency as its flaws So itīs ok for projects to try and solve those problems. For instance coins that address fungibility, essencial to a currency, coins that address speed and price of transactions, coins that address BTC scalability problem. What i dont think is normal is people "investing" in this projects without knowing that almost all will fail... |
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291
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Economy / Exchanges / Re: etoro or alternative exchange
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on: October 25, 2017, 10:54:52 PM
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Having made a very nice profit in 3 months on Bitcoin purchased through etoro,ending up owning the imaginary equivalent of nearly 3 bitcoins , i wondered if i am better off buying actual bitcoins to own rather than using etoro, where you don't actually own any coins. With the hard fork coming up ,as i understand it , unless you actually own the bitcoin then there will be no free coins allocated. So by staying on etoro i would get nothing .
I thought about withdrawing all my money and began the process of buying again through Kraken , but they are not accepting deposits from the UK . So can anyone offer some advice please?
I donīt know etoro well. But as a rule you should have your coins with you (control the private keys). And put on exchanges etoro or any other the exact amount you want to be trading. Any holding medium to long term should be in a wallet controlled by you. |
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292
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Economy / Speculation / Re: bitcoin can drop 2000$ before end of this year
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on: October 25, 2017, 10:48:38 PM
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Can bitcoin fall 2000$ before 2018?
I am logical . possible Because it can not control the dump of bitcoin if it comes
But by look at the Most comments bitcointalk.org . No
Iīd say if we have some news like the chine ban that scares the new money that came in this year, yes. We can even see BTC below 3K. If no such news arrive it will dip after the november fork, but probably not 2k. but lets see how it plays out. |
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294
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Economy / Economics / Re: How to make money only with BTC
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on: October 25, 2017, 10:09:49 PM
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I hear many saying they don't mess with altcoins...how do you make money with btc?
Just buy the dips, sell for usd (or other fiat), then buy back in...rinse and repeat?
I'm not talking about long term holding but about how to build up your bitcoin without touching alts.
Thanks
Without touching alts: Trade against FIAT pairs Work for it The rest almost all envolves alts. Being Bounty work and then dump the alts for BTC, Airdrops and dump for BTC, trade against alt pairs, Grab POS alts and then dump the gains for BTC, or get dividend or profit sharing alts and use the divs for BTC. |
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295
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Economy / Speculation / Re: BITCOIN END PRICE
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on: October 25, 2017, 09:38:47 PM
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The way bitcoin price has been increasing has been alarming lately and I can say that no other currency has the amount of power that bitcoin has, I can remember vividly sometime during January ( I mean early January) bitcoin was only struggling to reach $1k but now come October, the currency is almost nearing $6k ($5600) to be precise, now I want to ask if there is a mark in which bitcoin will stop increasing or is there a mark it can't cross.
Being so new and disruptive BTC is still growing. 50K is not a dream unless there is some other coin that adresses all of BTC problems and more. Just take as an example Facebook. You can argue linkedin or instagram, or whatever are better. But while there is not something WAY better is difficult to overcome something so established that have been so inovative in itīs time. So there is still room for BTC to grow, and grow a lot! |
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296
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Economy / Economics / Re: What will happen if we use a one currency only?
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on: October 25, 2017, 09:23:00 PM
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i think it'll be easier, since all of the countries will be using one currency, so trading will be easier than now. cheers brother !!
Trading will be easier but unless you bring external help to some countries they canīt keep up with the prizes. Check the Euro zone. Since countries donīt have currencies to control they rely on external help to try and keep up with the rischest... |
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297
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Economy / Economics / Re: Do you think bitcoin gold value will rise to bitcoin value
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on: October 25, 2017, 09:20:10 PM
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This joke forks only bring one thing and one thing only. They are easier to mine t the beggining because they are like BTC some years ago. They donīt add anything else. So they will die in time. For the moment they will be sugject to the same pumps and dumps every alt is and some people will make money out of it, others will just bleed...
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298
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Economy / Economics / Re: The Real Reason for Bitcoin's Rise
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on: October 25, 2017, 09:17:58 PM
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Supply and demand. Speculation. People believe BTC will be something in the future so they want a peace of it. As it is scarse and more and more people want it, the price goes up. For now is pure speculation because the real number of real uses cases can be put in 3 groups and only one as volume to drive price.
1- BTCtlk microeconomy
2- Blackmarkets
3 Exchanges
The only one with volume are exchanges where people are speculating...
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299
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Economy / Trading Discussion / Re: Investing all my savings!
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on: October 24, 2017, 09:41:28 PM
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Hello guys! I am planning on investing all my savings (12500$) in cryptocurrency, so I would really like to hear your opinion. My current plan is to split it in to 3 :
-50% bitcoin.
-25% ethereum.
-25% litecoin.
I am investing the money at the next dip.
Please post your opinion guys.
Edit: I should mention that this is for a longtherm hold, about 5-10 years
Sorry for my bad english, but I am better reading it than writing it.. :p
Crypto currency is high risk investment. Donīt put all your savings in it. You will regret it. If things dip hard you will find yourself loosing your sleep over it. Has for diversifying thats a good idea. |
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300
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Altcoin trading is very bad now.
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on: October 24, 2017, 09:39:06 PM
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You can hold the majority of your stash and focus on one or two bags and try to recover them. Look at the markets wisely and try to lower the breakeven point for you alts.
For example: you bought coin ABC at ATH for 1000 sats, it is now bouncing between 100 and 200. If you do some succeful trades in the 100-200 range you will end up with ABC coins that on average cost less than the 1000 sats.
If you are not confortable with this HOLDDD, sit back, relax. The market is growing, you wonīt loose money in the future.
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