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1941
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Bitcoin / Bitcoin Discussion / Re: Will Bitcoin fail if Satoshi is found?
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on: January 04, 2020, 04:00:28 PM
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I think if Satoshi Nakamoto's real identity will be revealed. I guess he will be hired by the big companies because he will be considered as one of the "geniuses" in Digital Currency which can help to the development of Bitcoin and Blockchain Technology. There will be another breakthrough and will result another level of Bitcoin in Cryptocurrency.
Undoubtedly, his genius will definitely be required on some big companies for their personal gains pf course, but in terms of bitcoin's welfare, bitcoin is already bigger than its creator, it has gone to a point where we can't control it anymore, moreso him. So there might be some reduction in its price but this could also catch the eyes of potential investors which will help with the development of bitcoin price-wise. |
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1942
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Economy / Trading Discussion / Re: Learning to trade
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on: January 04, 2020, 02:18:54 PM
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You have to write down every trade you have make and analyze how you lose or win. Learning from your experience and combine it with trading lesson is the best way to improve your trading skill. If you still not confidence with your skill, then keep trading with small order and when your win rate become higher, you can start to trade bigger.
That's what you called journalizing, recording our past trades can help us to identify what should we focus in order for us to have an improvement. We will not become a better trader if we are just buying and selling without traidng plan and also trading journal. It is part of the process in order for us to become a better teader where we can lessen the losses that we keep experiencing. Every professional trader are newbies before, they became professional because they enhanced their skills and they study hard. I think its good also practicing in DEMO account while studying specific financial vehicle. Do fundamental and technical analysis for 1 trading pair and learn its characteristic. Focus on 1 trading strategy first, I suggest price action with support and resistance then record and analyze every executed trades. Numerous tips had already been provided by people around here, but I want to share a piece of advice to a fellow trader like you. First thing is to master the trading strategy you make, double-check it, and perfect any flaws you find in your strategy that you think will give you more revenue, it's better to do something you're comfortable than jump into another tactic only to fail horribly, every mistake's a lesson but every mistake is also money lost so we got to be careful around here. |
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1943
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Bitcoin / Bitcoin Discussion / Re: Would a Crypto Based Economy Make Things Safer?
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on: January 03, 2020, 04:14:42 PM
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As the state of economy does at times really influence levels of crime and social aspects in any community.
Right now under the fiat system there is a major and growing sides of rich and poor.
With many times people who are "without" getting into trouble. Such as committing crimes. Getting into substance abuse etc.
If society or at least communities are able to become more independent and based their markets all on crypto. In which they follow the principles of crypto? as in prevent inflation and create an equal or at least more fair financial market. If that was the case/
Would this create a more safer community? would this cause people not to resort to crime? substance abuse? etc?
Your thoughts why or why not?
The rich can always buy all they want while the poor cannot and had to find ways to accumulate more, nothing will really change just because they implement Cryptocurrency into their system, and a criminals will always commit a crimes because a criminal has a mind of criminals even if they are rich or poor, we are still going to rely on the government for peace and order. sometimes the government is needed to control the ecosystem in a country, without people who can make good arrangements, chaos will occur. actually back to the people who use crypto, do they want to seek profits in the normal way or even make fraud and we still need the government to make fraud afraid of the rules. But a cryptocurrency is not that hard to regulate in a certain country if the government is knowledgeable and know the benefits of it. They will never let a chaos occur as long as they manage it properly and let the citizens use a crypto in normal way. It is normal for the government to ask benefits from something that they know when money is involved. As everything goes it has its pros and cons, advantages and disadvantages that could put everyone in shambles or success. We have to consider that cryptocurrencies like bitcoin are highly volatile which makes it untrustworthy to invest the government's funding on. But on the other hand, it is safe due to the fact that it is intangible and centralised, making thievery much harder to execute. If only there is a type of currency that is not as volatile as bitcoin and is secure, then future governments can consider putting up a cryptocurrency-ran environment |
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1944
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Bitcoin / Bitcoin Discussion / Re: Is Bitcoin still a people's currency?
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on: January 03, 2020, 03:20:51 PM
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I am not so sure anymore as many institutions and big whales have the biggest chunk of the Bitcoin Pie, but what it has unleashed I think is the hope for something different and more and more creativity has been born because of Bitcoin. Still, people can own Bitcoin and start with just a few sats and build from there. So technically yes, anyone can own Bitcoin and it is this that makes it so much better than FIAT, which is extremely centralized and also inflationary. I still feel it has a People'ish quality about it but most of it has gone into deep pockets. So it's up to the People again to start collecting it and transferring the wealth to them by buying it up as it is limited in supply. This is something very important that many people don't understand, that Bitcoin can be as disruptive as we want it to be.
My take on this is that bigger companies seeing the huge potential there is with bitcoin took the initiative to horde the wealth for themselves and discourage the common joe by telling them the negativities of investing, so they can keep the money for themselves and so they can take advantage of people even in this new type of currency, we can help by informing people to counter the badmouthing bitcoin and other cryptocurrencies receive from these major corporate entities. |
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1945
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Bitcoin / Bitcoin Discussion / Re: Reasons to be thankful than hate him
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on: January 03, 2020, 10:08:36 AM
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Hi,
Beautiful people
This post is dedicated to all the haters of Bitcoin in this forum. I have been asking my self what did Bitcoin and the creator of Bitcoin do wrong with them?
The one who invented never came out with his name or asked us to popularize him. He became famous because he did invent something that was meant to help us.
We are innovating, we are creating brilliant product but, it does not mean we degrade the one which started it all.
Why anyone would like to question Bitcoin?
What makes you think it is inferior to what you have invented?
Remember, it is Bitcoin that started the revolution and it is Bitcoin that will change the life for the needy.
I have been asking myself what did the inventor do wrong to be conned and claimed as they never were able to prove it? Cheap stunt!!
Mr Nakamoto(it would be nice that everyone give him/her that respect) invented something, which has changed our live, we should appreciate and love his creation, rather asking everyday who he was? where can we find him? and so on.
I am not a judge here, I am that individual who was no one until this guy invented a product and made me who I am!
Thanks.
Respect Bitcoin and Respect the creator!!!
We never would have been here, If Bitcoin creator NEVER thought about us.
Bitcoin is really great and whoever the creator of it I don't care, as long as I know how to earn it and it can help my family then I will still continue using it, to those haters of bitcoin, I am just ignoring them. We cannot force people who are not interested in one thing. We all don't know if the creator is still alive or just hiding. Well as with everything that is here on Earth there are pros and cons, advantages and disadvantages that entices or discourages people into investing we can't really blame them if they don't trust bitcoin investing, because it has its downsides, the best thing we could do as loyal investors is to entice more people who are interested or willing to invest in order to increase the general popularity of bitcoin itself. |
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1946
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Bitcoin / Bitcoin Discussion / Re: How we can introduce bitcoin to local people
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on: January 03, 2020, 05:50:18 AM
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Introducing new people into cryptocurrencies is raelly hard task. They do not have prior knowledge and they will not easily understand the information about cryptocurrency. A person who want to introduce bitcoin to others should have good communication skills and have high patience, it is expected that many audience will feel cringed after they first heard the bitcoin. But if the fully understand what it is, then it has a high chance that they will adopt it.
Introducing shouldn't be a big problem, we can set up large scale talk events powered by well-spoken persons in order to entice the general public into investing, it's not that hard if you come to think of it, on top of this the main selling point of bitcoin is its high value, so we can capitalise this as a talking point in order to amass people and in order to make them invest in cryptocurrencies. |
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1947
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Bitcoin / Bitcoin Discussion / Re: How to understand risk in crypto
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on: January 02, 2020, 03:59:13 PM
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********************NEWEST UPDATE********************* Ok bitcointalk! I have been hard at work over this last week. I have just put the finishing touches on my site! I will be posting a new topic soon about how to identify pricing bottoms by utilizing the creation cost. It needs a couple more revisions, but it will be ready today or tomorrow. Here is the link to my site again: https://www.amsinger.orgAs always I love your opinions and criticism. You need friction to make fire  Aaron P.S. The next client research will be covering the price volatility increases when bitcoin is high above the creation cost. ******************************************************* *****************UPDATE******************* Thanks so much everyone for your opinions and views! I am setting up a complete redesign of the site, and I will be back in around a week with all new research and probing bitcoin questions. The site will be down while I make all the upgrades and rebalance the scales. Bitcointalk is one of the few places where you can go to meet crypto people. I am honored to speak and share my data and views with you all! Love and hard work, Aaron ****************************************** Here is an overview of how to find and UNDERSTAND your risk while investing in crypto. If you want to see how it works click this link: I have previous posts on here explaining an optimal entry point based on fundamentals on Feb 7. This is an explanation of May 2 to May 27. Creation Cost - The variable cost it takes to create a bitcoin On May 2 BTC risk hit its lowest since February. BTC was 15.1% above its price floor This is a rare and likely profitable situation. The price floor represents the price at which whales start buying due to the natural cash flow of cryptocurrency. It represents the point of strongest buying capability in the market. On May 27, after the 59% price spike, the risk level increased to 55.5%. The price had virtually no support and due to the high price every miner and holder with any awareness of risk levels was selling and not holding. I created fundamental analysis in order to provide my clients the information that they need to measure risk and understand the crypto market. With the fundamental price floor you know automatically if the price is low or high. $3000/BTC was INCREDIBLY high 4 years ago, $3000/BTC now is a mortgage-your-house steal. With price floor and cash flow analysis my clients know when the market is high and when it is low. I truly hope that you find this information useful to you. I made this because of the pain I felt in Nov 2018. I needed to know why it didn't go to zero, and I found the price floor. Aaron Helpful Links: information regarding risk in trading or even flat out buying bitcoins is timely, and I must say just like any trading schemes there is some form of risk into it. What matters most with bitcoin though is the fact that the intervals and the timings on when you should deposit or withdraw money makes the profit running, unlike regular tradingwhere you'd still need to do that along with more things to consider in order to gain revenue |
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1948
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Bitcoin / Bitcoin Discussion / Re: Bitcoin as a global reserve currency?
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on: January 02, 2020, 03:06:30 PM
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Bitcoin's intangibility and security can be a stepping stone for a currency that could be used for global reserves, as it ensures that nobody that is unwanted would be able to get a hold of the important funds the reserve contains, but bitcoin itself being used as a global reserve might be too farfetched if we take into consideration the current state of bitcoin, it's volatility could cause problems especially with audit and setting up projects that would need those funds.
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1949
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Economy / Trading Discussion / Re: Are there any trading chat rooms?
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on: January 02, 2020, 02:17:13 PM
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Trading chat rooms are existing but the problem is most of its members are dumb because they are so dependent to its fellow members. They always asking a trading tips and signal in specific groups. There are trading chat rooms also that keep giving fake information to its members so I do not join in trading chat rooms because of the high risks. It is safe if we will ignore and not seek any trading chat rooms.
Agree with it, there are already trading platform wherein you can copy the trader's style of trading on which I think is perfect if you are busy in the outside world but you're still eager to trade. But chat rooms? that will just result to spammers promoting different stuffs and prone to false information for their own advantage on which beginners are vulnerable to fall for. |
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1950
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Bitcoin / Bitcoin Discussion / Re: 2020 - Set your Target and Make your Plans
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on: January 02, 2020, 01:43:47 PM
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Speculation in this market is very difficult so the plan is always the most important thing in this market. If you have a clear and feasible plan, you will certainly succeed in this market. in addition we should own as much bitcoins as possible because after May 2020 bitcoin will undoubtedly become scarcer and its price will certainly be higher than it currently is. This has been proven in the past by 2 previous halving
But make sure that guys are planning with reservation since we are talking about the market whose volatility rate is high and plans don't go as planned because the market is always changing. Speculation these past few years are getting harder because almost all of us are just waiting for the perfect timing, whales are even silent and not showing off. The halving is the last resort of us to prevent bitcoin from going down to $6K. |
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1951
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Bitcoin / Bitcoin Discussion / Re: Bitcoin still bigger in 2019 from all other Commodities
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on: January 02, 2020, 01:05:54 PM
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True!
Thank you for bringing that out.
It seems like others are forgetting about that and all they do was scatter FUD that bitcoin is still not in a good spot.
Greedy people does that.
Well I guess some are spreading FUD for their own benefit, bitcoin has been sitting for a decade now and people already know a lot about these FUD, luckily they don't give a damn about it. They want 50k, 100k and even 1 million USD in exchange for 1 bitcoin.
It ain't right and should not happen that fast.
The slow movement is still what I prefer so that there will be a real reason behind it and not just an imaginary number.
haha we still have people whose optimism level is unreachable, prediction from $50K to $1m is exaggerated given that the supply is limited and I'm sure that won't happen until the last bitcoin is mined. As bitcoin is at the top, the more it is intriguing and eye-soring to people who has a business and connection to the government. |
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1952
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Alternate cryptocurrencies / Altcoin Discussion / Re: Future of BNB?
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on: January 01, 2020, 05:35:41 PM
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For everyone who keeps asking about which altcoin is promising i suggest they should learn more about bnb token, it's a very good altcoin, it's trading at a very good deal of 13$ compared to ATH of 30$, it's hotcake token for long term holders as well
Well as foe the BNB , indeed it is performing well because it is beging handed by the biggest exchange right now, binance. The only thing that the BNB coin holds is the reputation from the Binance, if it is not on the binance then that coin would be unknown unlike bitcoin. 2020 is here, I'm quite skeptical with the altcoins still, I'm not sure if it is worth to buy and hold altcoins even the most recommended ones, I'm afraid for alernatives this year because of the bitcoin halving. |
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1953
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Economy / Trading Discussion / Re: A good advice for every traders.
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on: January 01, 2020, 03:22:45 PM
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some time ago, around 2016 I was an active trader. and you are right. I made a lot of money but was still afraid of losing. because the advantages and disadvantages are always side by side. I once thought to record every mistake I made in trading that made me lose. but every time I profit, I always forget. This is true, it is better if these tips are applied in trading. and can minimize losses.
I don't do recording too, there is someone who also tell me to record it, but what important is we learn in that lose, we need to know that losses is part of trading. We need to work harder to improve our skills in trading and find ways to be knowledgeable enough in what we're doing. I record my trades too when I lose back then but the thing with recording is you can base your technical analysis using it so you can have better plans on the next move. Recording is helpful until I find it too complicated when market becomes crowded and whales become playful, the market became more unpredictable and so recording becomes useless anymore. |
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1954
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Alternate cryptocurrencies / Altcoin Discussion / Re: Before 2019 ends, crypto addicts should check these!
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on: January 01, 2020, 01:42:01 PM
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There are thousands of projects in this market and there are thousands of airdrops and bounty running in 2019. So for those who seize this opportunity, they will surely have a good income to pay for their lives. Airdrops and bounty are not as generous as they used to be because the current market is collapsing and every project needs to save their budget. I hope in 2020 the market will be better and help many new projects succeed, from which bounty and airdrop will be more generous than 2019.
I once an airdropee for several months but I did quite after a while when I noticed that I am not earning with it maybe I was just unlucky on that so I jump to being a bounty hunter, things are great back then around 2017 to 2018, that is also the time bitcoin hits its all time high with a lot of projects getting successful and bounty hunting is fun in the end unlike now. It is hard these days to be a bounty hunter coz there are plenty of unpaying and scammed projects. Hope this year will be another great year not just for bitcoin but for the market as a whole. |
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1955
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Economy / Economics / Re: Which currency will dominate the crypto market? Please vote!
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on: January 01, 2020, 01:03:04 PM
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There are so many options to select, but still Bitcoin win by a large margin, not only on this poll, but Bitcoin dominance obviously is the one picture that can give us a real picture on who really dominate the market, what's the purpose of this poll when the answer and the results is pretty obvious.
It is true there is large debri in the market in front of bitcoin making it very dominant. But let's just say that there is no bitcoin, what do you think will be dominant? I am guessing and rooting for ethereum and EOS since both did perform well, I'm a fan of XRP back then until it went horrible for the rest of the 2019, I didn't even see some massive stuff happening with XRP and there is a lot of people predicting XRP to die soon. |
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1956
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Bitcoin / Bitcoin Discussion / Re: My Bitcoin experience in 2019
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on: January 01, 2020, 12:06:02 PM
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bitcoin is not a rich quick investment with only 2 years dreaming of prices at 100K is actually good but you have to be patient for that ,we all expect growth to increase when halving later 2020 is waiting for good news for bitcoin yes but this is early 2020 so don't be in a hurry to draw conclusions expect 100K or 1M ,your 2019 experience should provide more benefits for your investment
I hope those people who think that way already learned their lesson with the past couple of years we've had bitcoin not showing its power to grow. The market gained a lot of investors, most are toxic on which they wanted their investment to instantly gave them a huge profit taking no time under the crypto. This coming year there will be organization that will issue signals, don't fall for those. |
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1957
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Bitcoin / Bitcoin Discussion / Re: Bitcoin scams and new Bitcoin users
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on: December 31, 2019, 11:15:40 AM
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~snip~
These are some examples of classic scams affiliated with bitcoin and cryptocurrencies as bitcoin community is in main stream these types of things confuse people by saying bitcoin is a scam and what ever they try to do with it they ended up in the scam. With their less knowledge about bitcoin it is nearly impossible to make them understand that they are victim of classic scams and it is nothing to do with btc but for these scams they cant go any where or report it they feel vulnerable in using cryptos many individuals trys to point out some scams which get into main stream but this thing need to be done as a collective effort.
Well said, I am totally agree with that point. Bitcoin itself have nothing to do with these kind of scams. Those peoples are thinking Bitcoin is scam they have bad experience with it and they don't have enough technical knowledge what is bitcoin and how it's been working. Lots of scam happening on even real life with real money, it can't be prevent very easily. So it's normal behaviour, some bad people always around us either offline or online. I can't believe we still have to talk about the classic scams that has been crawling with us from the start. Newbies should research everything they need to prevent scam to happen on them, they are vulnerable on such fraud activities but with proper knowledge about crypto they are going to avoid it. Scammers online are harder to catch with the anonymity we have here in the internet. |
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1958
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Bitcoin / Bitcoin Discussion / Re: You should burst this MYTH
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on: December 31, 2019, 10:00:36 AM
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Literally a myth, it is not that China wants bitcoin big businesses does. If you are going to China you can see a lot of stalls and businesses that accepts bitcoin as a payment, why? because it is pretty convenient. Chinese government already talked about this, and sadly bitcoin isn't a thing for them to adopt but the system behind it which is the blockchain. As for now I think China is working on their own blockchain project.
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1959
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Economy / Economics / Re: Which currency will dominate the crypto market? Please vote!
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on: December 30, 2019, 05:51:55 PM
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I don't think a government-supported cryptocurrency will dominate the market. Blockchain can already reveal a stateless society. As long as Bitcoin is strong, no one can rival it. States can be crushed under bitcoin.
Indeed. Bitcoin will remain the top cryptocurrency in the market because it is the first ever cryptocurrency that was ever made. A lot of coins already tried to replace bitcoin but no one succeed that even half the price of bitcoin they did not able to exceed, that is why no matter how many times bitcoin dumps it's price it will still remain dominate the crypto market. Clearly bitcoun would still remain on the top as stable coins stand no chance in getting the crown. Practically, bitcoin dominates the market in a whopping 60+% so what could be the magic to erase that market dominance? even after several years, better if a decade bitcoim would still be sitting at top. With the mass adoption of bitcoin to different field of businesses its market dominance will be greater and greater as time goes by. |
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1960
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Economy / Trading Discussion / Re: Trade with USDT or BTC?
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on: December 30, 2019, 04:39:26 PM
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This question will depends on what they prefer since if they can risk to play on the bearish market which could give them high chances of losing the value or gain with it then he should go with BTC but if he's new and want to get a fix gain then USDT is perfect pair for anyone since we all know whatever happen on the market the value of USDT will remain the same.
Well btc has a pair to all coins in the market unlike the others however USDT does not. I don't think it is good to trade using usdt coz it will undergo to more conversion and will generate higher fee compare to bitcoin. I use USDT as a pause time after a trade, it acts like a safe haven since it is a stablecoin. Another thing is bitcoin is very volatile so it could produce unnecessarry losses when used so timing is indeed needed. |
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