Trading cryptocurrencies isn't meant for everyone dude, to me, trading looks like charming stuff but most dangerous to inexperience traders. Recently, I saw a potential signal on Binance with CHR but was disappointed after my order as the altcoin get dipper. I regretted my actions as staking altcoins would have brought me good rewards. Don't trade dudes let start staking our little altcoin stash. Despite our efforts to ensure we make some progress, the industry doesn't give us a chance. As an inexperience trader before now, how do metamorphosed to become experience in trade?.
Does it mean inexperience traders aren't born to trade?.
It is absolutely true one shouldn't trade inexperienced. Trading requires certain knowledge of the market and skills and it is imperative that one should take time to acquire all this. It is also true that rather than trading inexperienced, one should stake coins because it is way less risky than trading. But then, I do believe that it is actually inexperience to think that all coins can or should be staked. An experienced person would know that not all coins eventually give profits when staked and would know which and which to actually stake. |
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Some countries economy are constant and some economy rise and fall, from my understanding I suggest that is because of government,and population of the country. What is your suggestion
Yes, I agree with your thoughts. But I want to add one more thing that the economy can also be affected by nature. For example, in Dubai, it is a very small country and a very small population, but it owns one of the largest oil fields in the world. Since then, Dubai has become very rich. otherwise, it is due to natural disasters or epidemics and need not for example, you also understand how big its impact is. I do agree with the both of you and I just want to add that not do government policies affect the economy but also the people that constitute the government. If there are right people to lead a country, it helps to boost their economy by the enforcements they make. Secondly, pandemic such as the Corona Virus which is currently in the world and the Ebola Outbreak that happened in Africa years ago can also crumble the economy of a country if not properly managed. Thirdly, the natural resources of a country, if properly utilized by the government, can help boost the economy of such country. |
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This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlRight now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much. I do not think that the price of bitcoin will become higher than what it is now. Just like you said, bitcoin will become more widespread in the next decade and will result in more transactions made every second, then it means that there is more money to be made for the miners. It is just simple mathematics. If there are 10,000 transactions made now at $2 fee per transaction, then there is $20000 transaction fee made. If bitcoin becomes widespread over the decade and there are 100,000 transactions at the same $2, then there's $200,000 made. There won't be a need to increase the transaction fee. |
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I think the answer is obvious. Thorough the years as a gambler, I have realized that it is more profitable to place higher amount of money on just a few matches than to place small amounts on lot of matches.
It is simply because there is a higher chance of loss with staking a a lot of matches. This has even been proven mathematically if you study 'Probability' well enough.
You can greatly the reduce the risk of losing and increase your chances of winning by just selecting a few matches ( ones you're confident on) and stake a high amount of money of it
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It is noteworthy to know that just because they do not see cryptocurrencies as asset doesn't mean they are not one. I do believe that is needed just like OP said is mainstream attraction which will be achieved only in a matter of time.
Ever since bitcoin was made, it has been gaining attention in the mainstream world at a tremendous rate and going by this rate, just a few more years is needed before world governments begin to adopt bitcoin and other crypto. Once this happens, it wouldn't take very long before the legal backing these skeptics have been looking for is gotten.
We all know bitcoin will surely and eventually be adopted by everyone over time
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As much as I do not support tax evasion, his arrest isn't something good for the crypto community. Although most of his posts and comments on social media are against crypto and their adoption, I believe that his outbursts have actually brought about awareness for bitcoin and other cryptocurrencies.
He has a large follower base on his social media and even though he may not know it, he has actually done more good than harm for the crypto community by making more people aware of bitcoin. It should be noted that awareness precede adoption. Only when people care awareness can we now talk about adoption.
I do hope that he'll be released soon just to help preach the good news of bitcoin and crypto at large to the world
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I am sure many of us have had moments like this. Moments when we're so close to winning and then it just slips off our hands. Those are terrible moments. I had a moment just like this back in 2017 when I had an accumulated odd of 51 and I placed a bet of $20 with the hope of making a whooping sum of a thousand dollars in just a short time only for it to be dashed by just a team that didn't play according to my prediction. It was a very painful moment especially because I had borrowed the $20 for the bet but it taught me because I learnt my lesson the hard way. I took two lessons away from that day. 1. Never borrow to place a bet 2. Always bet only what you can afford to lose These two rules have been guiding my betting over the years and I've made quite a lot of money now  |
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If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.
You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!!
If you Want to be successful trader you better learn hard as you can the techicals.
It is absolutely true that every trader shouldn't depend solely on getting signals from others but should strive to be able to understand technical analysis. However, it is not just technical analysis that should learnt and mastered but also fundamental analysis. Both are equally important for a trader in order to make the most of the market. A successful trader understands the importance of both and uses it to his advantage. It is only imperative to learn as much as possible about both before venturing into trading. |
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There was a brief total internet shutdown over here today that lasted for a few hours. All of the ISPs cut off internet access for some reason and then restored it back. It reminded me of the time mobile internet access was shut down for almost three months last year. Obviously they didn't touch broadband lines so that they didn't disrupt company operations and bring economic selling to a halt. But I have a reason to believe that civilians deprived of internet access is dangerous for companies trying to make a profit. In third-world countries, companies rely on social media platforms like Facebook for their marketing, advertising and to attract new customers. By shutting off internet access, you are effectively drying up their revenue streams, which cannot continue for too long (like for the course of months), or all of them will start reporting losses. Nearly all people here use 4G or 3G internet on their SIM cards, and not a router. So the more people using mobile internet in a country, the more drastic the consequences of an internet shutdown are for companies. Other countries appear to be importing Sudan's internet shutdown techniques ( India, Ethiopia) but surely they have to know that by shutting down the internet, they are reducing company sales. Sure the company's operations themselves aren't affected, but how are they supposed to sustain them without sales? Of course a company that ships physical goods isn't affected by an internet shutdown, but they still lose their social media marketing abilities, because no one can read them. Seriously though, does anyone happen to know the cause for the loss of internet today?I, particularly, do agree with you. The shutdown of internet services is not only bad for corporate companies but also for small scale businesses especially startups. The world has been moving forward digitally over the years and it's only reasonable that companies that intend to make profits must follow the trend. I run a small scale business (graphics designing) and it is dependent on the internet and I run my services digitally. I do not have physical contact with my clients. All is required is for me to provide my services and then get paid. One can see that an internet shutdown will affect my business drastically. It should be however noted that it is not only companies and businesses that will be affected by an internet shutdown but also clients and consumers. Many consumers won't be able to buy goods and services especially those who have order goods from online shopping sites. |
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I do not believe that the government adopting cashless policy means the government is going to adopt bitcoin and other cryptocurrencies. The concept of cashless policy is to make transactions without the use of cash and it has been in existence for quite a while now even before bitcoin gained this much popularity.
It is important to note that cashless policy is exactly the reason there have been credit cards, bank transfer and even the use of POS. If cashless policy can be enforced using the aforementioned methods, then the government has no reason to adopt bitcoin. Another reason the government won't adopt bitcoin so readily is because transactions can be tracked using the methods I mentioned earlier and not with bitcoin. The government wants to be in control of our money and bitcoin does not give them this advantage.
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I do not actually believe the NBA is being or can be rigged. It's a great league and very popular around the globe. Their reputation is at stake if such things happen.
However, if it's being rigged then it's definitely of immense advantages to bettors who know of it. If it's being rigged, then you're at least 90% sure of the result of every game which puts you at an advantage in placing your bets.
Just like every other thing that's got an advantage also has a disadvantage, means that if it's being rigged and of course with only a small percentage of bettors aware of this, it put the remaining larger percentage at a disadvantage in placing their bets.
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Hello guys, how to start trading on the crypto exchange?
I would like to hear the opinions of professionals people.
Getting started with trading crypto is easier now as compared to before when there is limited access to information. You can basically get all the information you need concerning trading online just by making the necessary searches. Trading crypto, just like all form of trading, requires extensive studies and getting the required skills. You can get all these through thousands of tutorials online. Concerning exchanges, there are several exchanges out there. You just need to evaluate some of them to see which suits you best. However, I'd recommend Binance just like most people on this forum will. It has good user interface and its trading fees are relatively cheap. |
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Although I do agree that certain big news do affect the market causing causing a fall or rise of the stock market, the forex market and even the bitcoin market, I do not think President Trump catching the virus is a news bug enough to do that. The market is not dependent on the the illness or well-being of an individual however powerful he may be.
I believe the fall in stocks was just some sort of coincidence cause President Trump only contracted the virus which he'll definitely recover from.
I have read from preceding users' posts that it is only a ploy of journalists and reporters to link the two events together to attract more people to read their articles and I do agree with this.
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Crypto is praised as currency of future, 100% secured way of transaction. my question is how?
-If you have money in bank or invested in stock or somewhere else regulated by government and you dies, bank/stock exchange will contact the nominee when the account goes inactive. but if a person who hold crypto dies, nobody will know about this so the money is lost forever. if the person decides to share the crypto details with someone then its not really a "secured" currency.
-If someone stole money from your bank/stock/credit card account, it can be tracked where the money went and can be recovered by filing complaint with your bank or authorities. but if somone steal your crypto there is no way to get the crypto back.
So how is this a currency of future, did anyone asked these question before?
Bitcoin is actually secure in terms of transacting coins. It is only in terms of transfer of ownership of coins that there seem to be a security flaw. However, just like the fundamental principles of bitcoin stated, bitcoin is a decentralized currency which means it is entirely in the control of its holder and not some third party or a central government. This means that whatever happens to bitcoin coins is entirely dependent on its holder. If the holders wants to pass his coins on to someone else after his demise, then he'll have to give them access to his coins. If your coins were stolen, then it is entirely your fault that you didn't put up the necessary security measures simply because you're the one in control of coins. |
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Bitcointalk Username: goldade Profile Link: Code: https://bitcointalk.org/index.php?action=profilePost Count (including this one) : 552 Betnomi Name: Christlove73 Forum Rank: Full Member Wear Signature and Avatar: Yes I'll love to be be accepted in this campaign. |
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Although I have always held the view that crypto will erase fiat completely, this post has opened my eyes to see the possibility of the harmonization of fiat and crypto.
Now I realize that it is very difficult for existing system of fiat money to be made away with completely by crypto judging by the fact that fist is what they have come to trust over the years. If there's a way crypto can be harmonized with fiat, it will aid the adoption of crypto as they'll get to know of the numerous advantages of crypto.
I however think this will take time to be and there'll be need for certain measures to be put in place to accommodate this
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5-10 years is a very long time and there is the certainty that if one invest in bitcoin now, one is sure of huge profits.
I'm sure those that invested in bitcoin five to ten years ago can calculate how much profits they have made.
Although, I do agree with the fact that the market is very volatile and unpredictable, there have been moments of very high price and moment of very low price, it is still a very good means of investing.
The price of bitcoin is at almost $10k now and I'm pretty certain those that bought five to ten years ago didn't buy it at that price. They bought at a much cheaper price.
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Just like OP said, there are different opinions or views as to what bitcoin is. A lot of people believe it's a scam even after many years of helping people around the globe.
I do believe however that the True Bitcoin bitcoin society or community comprises of those who see bitcoin as the future and not just as a scheme to make quick money.
The community of bitcoin believers has grown tremendously over theast decade and I believe if it continues at this rate, it is only a matter of time before everyone begin to regard bitcoin as the future.
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This is a wonderful news for the crypto space. $250 million is a whole lot of money to invest in bitcoin. Although, it might not have any tangible effect on the price of bitcoin, it shows that people are beginning to see and accept that bitcoin is superior to cash in terms of investment yields just because bitcoin is not controlled by the government just like fiat.
This lot of money pumped into bitcoin will help to tell people that bitcoin is the future of currency should be adopted as massively as possible
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It is amazing to know that $1 a day can be accumulated to more than $20k in just 5 years. Only if one had done this just a few years back. However, one can't still blame people for not doing it. People didn't trust bitcoin five years ago as they do now which means if you had introduced this to people even myself, they'd have rejected it outrightly. People were mainly for schemes to get rich quick and not not something that'll span five years.
It's noteworthy to know that bitcoin yields better investment returns than banks. It is only a matter of time before people begin to put their trust in bitcoin rather than banks
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