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381
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Economy / Trading Discussion / Re: BKEX VS OKEX?
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on: October 17, 2019, 02:48:24 AM
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BKEX VS OKEX? And why?
Are you familiar with or even heard of Bieber Coin? That is a great coin as well. And probably comparable to Bitcoin itself. LOL. That is how BKEX is compared to OKEX. BKEX may be promising but it has to climb the ladder first, one step at a time, before being compared to the giants. For now, it will do better for it to compete with nothing else but itself. |
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382
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Economy / Trading Discussion / Re: Dollar-Cost Averaging for Your Crypto Portfolio
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on: October 16, 2019, 02:58:19 AM
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Credits for the effort. But this is the cryptocurrency universe. The basis is Bitcoin or Satoshi. When crypto trading is done, it should not be the USD that the trader is looking into. That is not the right basis. It should be Bitcoin. If you buy an altcoin at 1,000 Sats, you should sell it at a price higher than 1,000 Sats, regardless of its dollar price.
If you will trade crypto basing on the USD price, you better not proceed. You may buy the same altcoin at 1,000 Sats and sell it at 800 Sats and be happy about it because the price of BTC is rising, therefore the price of your altcoin in USD is also rising, but forgetting that you are actually losing in your trade.
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383
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Economy / Economics / Re: Fiat Money Losing Worth, Bitcoin and Gold Getting Important
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on: October 16, 2019, 02:11:48 AM
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Fiat money losing its value is even wrong because fiat does not have any value at all in the first place. I am speaking of actual value. The fiat money that we are using is but a piece of paper or a piece of metal that is not valuable at all. It is only the governments and their gods which are the banks that create value for it, they themselves adjust the value, lowers the value, and so on. This is just all but a game by these people. Gold has real value by way of its natural limit and the preciousness of it that is assigned by the entire humanity. Bitcoin is on that path.
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384
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Alternate cryptocurrencies / Altcoin Discussion / Re: Reality of tokens
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on: October 15, 2019, 02:36:44 AM
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Token creation nowadays is very handy even a little child could create his own token. And if you want to appear more professional and legit, there are hundreds of whitepapers out there in the internet and copy-paste some portions of those and you will have now a professional-looking scam. And if you have more than 50$ to start with, you could join crypto or blockchain conferences even as an audience only and you have already earned additional merit to blind investors. |
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385
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Economy / Economics / Re: BEEN IN THIS GAME FOR 6 YEARS
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on: October 15, 2019, 02:05:39 AM
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Had I known that Bitcoin will eventually reach the level that it is now, maybe I could have bought more Bitcoin but that is already in the past.
I keep seeing people say that, but most of them don't understand that even when they bought at what we consider very low levels today, they would have sold their coins 10-20-30% higher to secure profits. The Bitcoiners who held their coins to where we are today did so not to profit, but because they are convinced of Bitcoin's properties as decentralized money. In the end, hindsight talk is cheap talk, what matters is that you know what the value of Bitcoin is today and that you should hold your coins firmly, otherwise you'll end up asking yourself ' maybe if should have bought more Bitcoin' once again. Bitcoin won't be a sub $10,000 coin for ever. Utilize this opportunity to hoard more. Yes. A lot of people are complaining for not buying more bitcoin but even though there is already an opportunity in front of them, they still didn't take an action. If you are really into bitcoin investing then it would be easy as pie for you to buy bitcoin regularly and hold them despite of the price fall and you will not be tempted to sell at a small profit margin. Actually that's the irony for normal people, if bitcoin price is on top, they're all eager to buy even at the peak but when price is dump, people don't bother to buy instead they're planning to sell. Those people don't know and understand the accumulation stage for bitcoin and to seize the opportunity. If they just got to realize the chances they are wasting, they surely go crazy now. Because they are being a flock of sheep. They do not make their own assessment and analysis of what has been happening in the crypto world. In the end, they are consumed by their emotions. When seeing green they are hopeful and yet they do not have any Bitcoin left. So they buy, and by the time they do it, the candles are already showing correction. And so they are afraid, feeling panic, that the prices will be going straight to the bottom, and so they sell. And if they will not get any mature than this, they will always get caught by this foolish cycle. |
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386
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Economy / Economics / Re: $6 Billion United Nations Agency Launches Bitcoin, Ethereum Crypto Fund
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on: October 14, 2019, 04:33:36 AM
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Let's calm down a bit with the clickabity titles. It sounds like this agency invested 6 billion dollars into crypto but in reality we are talking about a branch of a huge charity to start doing some experiments with crypto acceptance on their charity, they definitely didn't pull that much money thanks to crypto at all, they just have a general 6 billion fund and only a portion of it is crypto, hell they didn't even made profits of crypto that sizable, they just started accepting it and investing it back into crypto startups.
It is an amazing news, we need stuff like this all the time and it definitely will ripple into other parts of the world but it is not 6 billion dollars worth of big news, it is a "maybe one day 6 billion dollars" type of big and that is not bad neither.
Well, the mere fact that the United Nations have considered it, there is already a show of a little confidence in it, or at least a little friendly approach. And I don't think it is just a mere experiment. It is probably be about the idea that crypto is something feasible in our modern world even in terms of charity. |
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387
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Alternate cryptocurrencies / Altcoin Discussion / Re: Concentrate more on the technology and give less attention to price value.
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on: October 14, 2019, 04:05:35 AM
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Sounds good on paper but honestly, technology is not what speculators look for.
Speculators look for potential value, which doesn't necessarily mean that something has the best technology. Rather, it means that they are looking for hype, looking for reasons that a project should be hyped - which can be contributed to via the underlying technology, but isn't always.
That's just a pragmatic way of thinking about altcoin markets, or even equity markets in general. Your way is purely ideological, unfortunately.
The OP is thinking of the ideal way of doing things. That would be the perfect way. It is however unfortunate that in the real world, there is practicality instead of ideal and perfect. The ideal and perfect are both concepts at best that are not really existing in the real world. If an altcoin is gaining strong momentum out of a very aggressive hype, that is enough for investors to get into it. There is a potential profit out of it because the rest of the crypto community are only exposed to hype instead of fundamentals. |
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388
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Alternate cryptocurrencies / Altcoin Discussion / Re: Telegram token sale is Rejected
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on: October 13, 2019, 02:25:37 AM
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This is not good for the adoption and growth of crypto. Instead of supporting new technologies that give convenience to the people, the government by way of SEC is the one giving development and progress a hard time. This sucks! The Telegram project is not rejected by the public itself. It is not rejected by the investors themselves. The entire crypto community is behind it even. Why the SEC has to play the villain role again and again? |
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389
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Bitcoin / Bitcoin Discussion / Re: wait, who owns the market?
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on: October 13, 2019, 01:55:48 AM
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Understand who controls the market you are investing or trading in, and you’ll have an advantage. Bitcoin is a free and open source market. Nobody owns it.
But does anyone control it?
Ask yourself this—
How are Bitcoins created?
Who is incentivised to create Bitcoin?
Between 2013 and the beginning of 2017, big money had been slowly moving in on Bitcoin. They saw its potential as a relatively rare asset and also the mechanism that made it work. Bitcoin is seen as having a value greater than the sum of its parts.
Yes it's a free space, open source market and nobody owns it but for me someone is controlling it like the big exchanges and the big whales out there. Once the big whales will start it's move, the price will skyrocket in just days or months then bull run will follow as the small investors will follow the flow also. So this is how I saw the market especially the bitcoin being controlled by influential people. This is part of Bitcoin being a free market. Everyone has the opportunity to buy the amount he wants. As a result, there are already a few influential Bitcoin whales as compared to a market which is not monopolized by a few traders and investors. But since Bitcoin is open for all, no restrictions, no owners except those who bought it, no regulations from within, no limit, and no anything, we can say that the rich will be expected to dominate. That is the disadvantage of a free market, the rich few can exploit. |
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390
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Alternate cryptocurrencies / Altcoin Discussion / Re: Libra partner drop out
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on: October 12, 2019, 02:56:52 AM
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This is certainly bad for the project. They might as well call it off for a while and maybe test the waters next time if the condition is perfect for the relaunch plan. For now, the pressure is unbearable for Facebook itself and all its partners. The reason for the partners to drop out one after another is crystal clear, the SEC or the governments do not want them to play outside their rules. Now, they are forced to give up such a big project. |
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392
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Alternate cryptocurrencies / Altcoin Discussion / Re: Experience from day one
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on: October 12, 2019, 02:23:25 AM
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When I started, my idea of cryptocurrency was only that it is Bitcoin and Bitcoin is cryptocurrency. I was not familiar of any single altcoin. But when I started watching videos and exploring trading, it was then when I realized that cryptocurrency is really a universe. There were more than a thousand coins and tokens back then. I was confused.
My idea of Bitcoin was very limited but I have this uncontrollable eagerness to buy and so did I. Little did I know that I bought my first Bitcoin when the market was really bullish. I ended up losing in my first attempt to gain.
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393
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Economy / Economics / Re: The U.S. Government Tried To Shut Down Bitcoin
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on: October 11, 2019, 03:00:29 AM
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Well, if they failed in their earlier attempts, they will also fail in their subsequent attempts. If they are really determined to kill Bitcoin, they should have done it with much force when Bitcoin was a small infant in its crib. But because they failed on that and Bitcoin has grown into a strong young man after 10 years, they are admittedly helpless now. They are claiming Bitcoin to be unstoppable already.
And because of that they are now shifting their focus to unborn projects that might become as strong as Bitcoin in the future. Lest they will become as helpless as they are now over Bitcoin when they will allow the kinds of Libra to proceed. This is precisely the reason why unborn projects such as Libra, walmart's, Apple's, etc are nipped in the bud.
I suspect this was the reason satoshi decided to release his project by himself and decided to not reveal his identity, anyone that tries to release their coin will become a target, and this is what caused bitcoin to thrive, it was created in a way that brought no attention from the governments and it was not given to it until it was too late, now governments are desperate, they know that bitcoin is not a threat to them now but it can be in the future and they have no power to stop it. And since Mark is an open target unlike Satoshi, he is now invited to countless hearings. He has to appear in countless meetings and investigations and what not and not just within the US but also in other countries around the world. Satoshi was indeed a genius. He knew what is to come with his invention, and he was completely prepared for it right from the get-go. He was not someone the governments can easily track and identify. |
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394
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Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin Dump Moved in the midst of Bull Run
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on: October 11, 2019, 02:13:41 AM
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The as of late moved 13,180 BTC was over $108 Million USD at the present exchanging cost of Bitcoin which was seen on the Bitcoin blockchain. The ongoing watched whale exchange activated expectations at the cost of BTC, a large portion of the forecasts inferred that the Bitcoins were set up for selling and the rest of the ends centered that the Bitcoins were readied fro a convention. This energy on Bitcoin Blockchain gives an idea of Bearish expectation amidst a Bullish pattern. From the ongoing negative second from last quarter, the costs of Bitcoins are displaying a nightmarish level, Bitcoin which is presently exchanging at $8,529.98 USD, recuperated 3.76% from the earlier day. It additionally can be viewed as that bitcoin has restored from the past low close $7,800 USD. New Source: Thecoinrepublichttps://www.thecoinrepublic.com/bitcoin-dump-alert-13180-bitcoins-moved-amidst-bull-run/People are not tired of creating any kind of what they call news even if there is none to make. They will always come up with anything just to create some stir in the public. For now, the market seems placid. There is actually no good and bad developments aside from garbage news like this. Other than this, the prices are naturally moving up and down with little adjustments. Thousands of Bitcoin is moving everyday so there is nothing special if 13,180 BTC is also moving lately. |
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395
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Alternate cryptocurrencies / Altcoin Discussion / Re: Most stable asset or currency?
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on: October 10, 2019, 02:50:38 AM
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I am really intrigued with this kind of questions.
You are in bitcointalk and bitcoin and altcoins are mostly the conversation around here.
But USDT? For what purpose? It will not increase so why?
I just cannot understand it fully into why go to so much effort just to exchange your USD to USDT. There is no sense in doing it. There will be no profits even in the long run.
Probably the OP is looking for the most stable altcoin that will not be affected by the normal rise and fall of prices. Well, you have it already, USDT, USDC, etc. As to why, we do not know. Most probably it is for stability while the prices of the rest of the crypto market is very uncertain or perhaps covered in red. I guess many of us here are also using such stablecoins when we think that the prices are about to fall. |
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396
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Economy / Trading Discussion / Re: Ico average maturity date?
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on: October 10, 2019, 02:14:18 AM
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What is the average ico Maturity date?
Let's say i invest in ico Today...
How long I should wait to get decent profit?
Usually? 1 year?
1 year is good enough. But it is never a guarantee. There are ICOs whose tokens are still below the ICO price after at least two years. It is not the waiting actually. It is the development pace of the project. If the project is too slow to deliver their promises or release at least the alpha version of their product, it is expected that it will take a longer time before investors will buy their coins or tokens. |
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397
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Alternate cryptocurrencies / Altcoin Discussion / Re: Why promoting scam project After confirm?
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on: October 09, 2019, 02:40:25 AM
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They are actually eagerly want to earn some ICO coins even it is scam. I am also one of the victim of fake and scam project which I thought will give me some coins from their project. Until now I can't sell them because they end up to become a scam.
In my experience research is not enough to know which ICO projects are legit or scam for me right now I learn that ICO project or new born coins are mostly shitcoins and not worth it. They are just making it to gather people and to get sales it is likely the same as ponzi scheme.
That's why I stop promoting them and better invest in major coins and play the movement of the price.
It is really frustrating after spending months and months promoting a certain project only to end up getting scammed. That is also the reason why I stayed low for some time. It is not worth exerting effort and end up not getting payed or payed with tokens that have zero value. Investing in an ICO is a thing of the past to me. It is as frustrating. Why should I risk with unknown tokens or coins when the market is offering those which have already gained the trust of huge investors? |
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398
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Alternate cryptocurrencies / Altcoin Discussion / Re: short term or long term investing
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on: October 09, 2019, 02:10:48 AM
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I prefer long term investing. Long term vs short term investment will give you a wide difference between them in terms of risk and profit. Short term is more risky because the prices will always move up and down but the larger picture will give you a rising line. If you are looking at the long term you don't mind the little price drops every now and then. A lot of people are emotional because they are deciding based on short term movements.
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399
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Economy / Economics / Re: Coincheck of Japan Rolls Out Bitcoin (BTC) Payment for Gas
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on: October 08, 2019, 03:21:53 AM
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In theory this is really good for adoption.
In practice - who knows, it depends on ordinary Japanese taking up the offer to actually use their bitcoin for something. Hopefully the 3% discount will encourage them, though some may decide they'll make more by just hoarding their bitcoin.
That is always the case. Personally, there is always a tag-of-war inside me, whether I will use my Bitcoin for payment or hoard them for the better days ahead. Although I use BTC in smaller transactions, I am hoarding the bigger portion for the bullish days. That's reasonable for me because that means profit, although that may actually be disadvantageous to Bitcoin adoption as a currency. We can only hope that this form of payment is really more convenient to the Japanese so that they will use it more than fiat. If not, they will not grab this offer and prefer to HODL their BTC instead. That is bad for adoption. Other businesses will be discouraged to offer similar option. |
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400
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Economy / Economics / Re: Bitcoin adoption rising in NGO sector: Report
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on: October 08, 2019, 03:02:46 AM
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see https://decrypt.co/9966/bitcoin-cryptocurrency-adoption-ngo-chaarity-reportThe number of charities accepting crypto donations has doubled in North America, Europe and Australia, says the 2019 Global NGO Technology Report.
But the numbers are still small. While the number of charities accepting crypto donations has doubled in North America, Europe and Australia, cryptocurrencies still form only 2 percent of total donations.
Africa has the largest amount of NGOs accepting crypto with 5 percent, Asia follows with 4 percent, while Latin America trails with 1 percent. The real question is whether the NGOs immediately sell their crypto for fiat, or whether they then use it to buy services in the target sector using crypto. lf they did the latter, then adoption would soar in places like Africa. Donations in Bitcoin is much better than fiat because they don't cost much. Aside from that, there is what we call as donor's tax. This might vary from one country to another but if that is applied, that will lessen the donation amount. With Bitcoin and other cryptocurrencies, we can possibly get away from this donor's tax and maximize the amount we donated. Every satoshi will go to the beneficiaries. They will convert those cryptocurrency donations most probably. Depending on the specific country in Africa, but I guess it is very hard to buy using cryptocurrencies in depressed areas where donations are largely focused. |
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