This is the question that repeats always when Bitcoin price goes down. But every user has to be aware that Bitcoin price dump is normal part of Bitcoin volatility and it can't be avoided. That doesn't mean that investment in Bitcoin is mistake, just that it has certain risk you need to handle.
Does the timing matter? absolutely, yes. If someone tries to buy a bitcoin and it fell fown the next day would you consider that as a mistake? NO. Investment is not a 100% guaranteed to the investor, that is the basic definition of investing. Even if the bitcoin is down for a long time giving you -60% , that does not mean that you did wrong it just the timing of investing since the market is speculative you did just time your investment in a low prospect.
Sometimes you will lose, sometimes you will win and that is why Bitcoin is best investment on long term.
Common misconception of beginners about bitcoin is that they could easily make profit out of just waiting some time, bitcoin does offer valuable income with respect to time, a very long time. |
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I think you certainly have a valid point. I was thinking the same thing about corporations and especially governments like China mining Bitcoins. I still think it’s technically decentralized because no one government controls Bitcoin and it’s still an open ledger, but mining is no longer something a regular individual can do anymore.
I guess not, that isn't valid at all. Having corporations investments on bitcoin does not make it any centralized or being control, they can somehow manipulate but it is uncertain. Yup, technically it is decentralized however corporations are taking advantage of trendiness of it for them to generate and backed they assets since it is hitting the market now. |
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Satoshi if still surviving could be another most riches person in the world. Satoshi allegedly holds 1 million bitcoin which are about $72 billions at current price that comes along the money richest persons have. Imagine the moment bitcoin doubles, Satoshi would be the most richest person in the world.
I doubt Satoshi did create the bitcoin for himself. If that was the case in the very beginning then he could've move his bitcoin and sold it since then but he did not. I don't think Satoshi got a value at that amount, we did not even know who Satoshi is/are. As far as I know Winklevoss twins has the 1% of the circulating supply of bitcoin, they might not be the richest person with bitcoin but man that is huge money in there. |
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I am sure that there is no automated trading bot that can generate consistent profits, unless the person can use the bot properly, Bots are repetitive command programs.
Either bots or human, there is no one who can make a consistent profit with industry like this which contains a high volatility rate, not unless you are nostradamus. Actually bots are not really uses articial intelligence but only the protocol that set up by the user/trader, it does not really necessary mean a sure profit or even a consistent profit. that means trading bots cannot adjust the market situation automatically, a bot is only suitable for use in certain market conditions.
Absolutely, bots are still on early stages now but is useful especially when you are AFK from trading so that you can still manage to trade and possibly earn. I'm not a full time trader and don't use any bots it is just a matter of time management actually and not really greedy towards the market. |
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"Proof-of-work is essentially one-CPU-one-vote."
Satoshi nakamoto
First of all. Satoshi is smart enough to have come up with bitcoin. But let's not forget that Satoshi is, well, human. Just like us! Stop looking at him/her/them as someone who is all-knowing and someone that doesn't make mistakes. This people made me laugh, what do they think of Satoshi? a god? who is omniscient? Nakamoto is very clever for doing such a digital currency, we are having it right now but it has flaws coz there is nothing in this world created perfectly or to be perfect. There will and there will be imperfect things that can do the work and that made us human. Also, again with the "mining is centralized" argument. Can you expound more on that so we would know how you came up with that conclusion? Sure it became more centralized due to it being harder to mine on personal computers due to ASICs, but calling it "completely centralized" is just pure bullcrap. Have you been listening to Peter Schiff or Nouriel Roubini?
I guess what he meant for centralized is some kind of group mining. He might listened or reading Peter Schiff shitty articles lol. |
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I think because they don't need a blockchain and also they don't need money. they already have the big advantage of using apps all over the world. and they have also become the most popular applications without using the ICO platform. so if there are no goals and benefits that can be achieved for what they are making an ICO project. it is better to continue developing applications so that application users are more comfortable using the application.
Correct. The very reason why these projects/companies (Viber,skype etc.) did not conduct an ICO because they don't need a funding anymore since they already got an investors behind their back to fund the project. Also, they have nothing to do with cryptocurrency or blockchain or any payment settlements needed such as digital. But I hope these projects can come up of an idea with blockchain in it or something of their own coin giving much feature to their applications. |
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Do you know by any chance if it was just a local campaign or a national?
I'm pretty sure Zurich and Geneva are the 2 biggest cities in Switzerland anyway. Even if it's just Zurich, that's pretty good exposure, there must be 10's of millions of tourists and other foreigners passing through Zurich every year, many of whom using the trams. With Zurich's popularity in Switzerland it might be a national campaign that initially done to most visited city in Switzerland with no more than 20 million tourist each year we can totally say that it is made to influence not just the people from that city. I'm pretty sure about it coz if they did not, they could have done it to their capital city which is Bern. But if I were the passenger on that tram, there is no chance I would be paying in bitcoin. |
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"Invest only what you are afford to loose."
This was the first advice I had got from my teacher and will tell the same thing to everyone whose trying to start trading in any manner.
Or invest only what you have now. I've seen some people in here asking and seeking for advice if they can just sell their belongings like a valuable ring, house and even property. I never think of trading to be this obsessive. The first thing to have before entering the trading, you must have a capital either big or small it does not matter, as long as you are ready to lose it and so selling things just to risk with trading is wrong for me, unless if you are millionaire.
Go with your instincts. Logic is not perfect.
I don't seen any logic in trading, if it has it is only the noticeable ones. Instinct is good but it will be just only based on your knowledge towards the market so basically knowledge is a must to possess of a trader in order to succeed. |
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Hey. Yesterday I read an article about banks that began to use blockchain and there was pretty impressive list. They're also described successful cases of using blockchain in banks (if you're interested - here's the article), so I may assume that using blockchain in bank's system is only a matter of time (and money, of course). Now, the question: why it takes THAT long the smaller banks to go the same way and start using the blockchain? We should be talking about the bigger banks first and not smaller banks that can hardly make any impact. When the bigger banks starts to go into cryptocurrency there is no doubt that smaller banks are going to follow and so the same, but if you're expecting the smaller ones to do that first, then it's not going to work out. Bigger banks afford to lose a bit of money and can still be normally operating while smaller banks can also do but it will affect their operations. That is why smaller banks are taking awhile to get along with these cryptocurrencies because bigger banks are still on testing. It also depends on the bank if their approach is correct then it might click.
And any bank that is creating cryptocurrency wouldn't go for the volatile option, they will prefer to create a cryptocurrency that is backed by assets, these are going to be stable coins. And you also have to know that these coins are not going to be a replacement, they are going to work together with fiat and be a faster means of transactions.
Banks are not into existing cryptocurrencies that is for sure. Banks are the number one enemy of decentralized currency why would they adopt it? and talking the volatility of cryptocurrencies, banks having an uncertain edge will never be in place. New stable coins will be created for them, a well regulated and backed coins. |
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Not all scams are scammed, even though they are scams.
What do you mean by this? Coz you're basically telling us that Scams are scams, but not Scams are scams. Because there are so many sides to investing, we have made a lot of profit. In many cases, those who try to get up and down quickly are scammed too, so we need to trade with the good guys and see how many opportunities there are. And those that should be exchanged for good and popular side are less scammed.
Investment can be in many form, here in cryptocurrency you need to do your own research where you could get the most of profit you want in any coin. I'm not really a fan of p2p exchanges, I don't even use Paxful although there are people in here that says it is a good exchange coz the fact that it is a p2p already worries me. I know nothing about the vertex but based on what the majority it is a scam exchange, maybe the OP did just encounter an error or somewhat a bug. |
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Price is still down compared to the last few months that we've seen. Expect that this year isn't going to be good as few years ago but it won't be painful as last year.
I guess it is natural for bitcoin to take the edge off, it is seasonal event since we are on holidays. Bitcoin is going well, the price isn't that bad at all, it is just that it is quite stable within the short price range. For the year 2020 I guess it is not going to be bullish as for there are great news this year to be expected next year but it was not aimed with bitcoin but rather blockchain adoption. What if that term became famous just like the HODL guy?  It is negative term tho, guess it won't help. |
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I always check the address before sending my bitcoin and it was like checking the whole day before sending it especially if its a big amount of bitcoin.
My suggestion is that, don't make any bitcoin transactions if you're drunk, not in the mood or feeling sleepy because you might skip checking it and you might put a wrong address. Also ask the receiver if the address is correct, any mistake can lead to a big cost of losing your money.
Using shorter addresses are much effective in sending and obtaining money from the wallet. It is very important because it helps you to prevent losses and be comfortable with your accounts. Easy to remember wallet address is more noticeable and very quite safe. Always double check first the wallet address that you're going to send to. Shorter bitcoin address would mean all the bitcoin addresses will be taken up by the users quickly. As many of us own more than one bitcoin address so it will also cause problem for the users. I suggest no protocol changes should be made withing bitcoin. As sending bitcoin to a wrong address is something just because of a user's fault, so the user should double check the transaction before sending it and also what I do is double check the starting and ending of the address as it ensures that I am sending to the correct address and till now I haven't sent my bitcoins to a wrong address. I came across to a project that tries to resolve the problem of sending funds. If I am not mistaken it is called digital names ( some sort of that) they aim to change the alphanumeric addresses to a new and customize addresses. But I think that project didn't get enough ( I don't know, since I have'nt heard of them ) I guess the purpose seems to be clear but it is complicated. I once wrongfully sent my funds to the wrong address, honestly it is embarassing at first but that's the time I learned my lesson to double check, best if triple check the information especially the address of the recipient. |
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I don’t think it’s going to happen this year. I think there are more factors that affect when people buy Bitcoins other than time of year. I believe that news regarding Bitcoin will affect the price as well as some government regulation.
The month of december this year seems so plain, there are lots of news, a postive news towards the crypto space but the thing is, it will be felt not later this year but on the year 2020 (crossed fingers) hopefully. The price of bitcoin this month as for my prediction it will be lower than it is now, I guess people that holds bitcoin right now might sell just before the christmas week, holdai season. I also believe that the halving will have a significant affect.
No doubt on the halving event, that will obviously affect the market but we don't yet if it will be a negative or positive this time since it is still uncertain. Hopefully it will be still positive towards the price. |
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Unfortunately, the market does not always work, as it is written in books. But the basis for the work should be. For me, Robert Fisher’s book, Fibonacci Sequence: Applications and Strategy for Traders, is very interesting. Maybe someone should take a look.
Has anyone thought of cryptocurrency just before 2009? I mean the idea of it can be a good topic of a book. Talking about resources of knowledge in trading, crypto market generally, internet contains all of the things we need. On top of that is the visuals and real life examples because it updates every time when some changes gets in. Books are outdated although it is a great source of information and knowledge, we must accept the fact that the world evolves on technology now. |
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We cannot remove the fact that China had the major contribution regards with Bitcoin mining and I admit as well that they have big impact in this industry but I don't think they have the full control on Bitcoin. Perhaps you we are all aware that no one can manipulate Bitcoin because if it does then we cannot say it as decentralized.
It is true China is one of the leading countries when it comes to bitcoin mining for once it mined almost 3/4 of the bitcoin in a month and even affected the stability of bitcoin's price. The cause of this centralized mining in China is the cheap electricity rates but these past few months China are being rude to their miners attacking then about the e-waste that bitcoin mining produced. As far as I know, Bitcoin is not banned in the said country but rather the exchanges related with crypto. Bitcoin mining is still widely processed in China so we cannot totally say that it is prohibited. They may use their own digital currency but it won't overthrow Bitcoin in any other way.
Actually they are not against bitcoin, in fact they are handling it a good way but there are just exchanges whose being illegal that involves in various scams and fraud in the country so China decided to take it down. I guess they are initiating these matters to fully clean their country and start with a their own blockchain and digital currency. |
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Is KYC is benefit to crypto people or not. what are the advantages and disadvantages of doing KYC. Universal money and Anonymous is the biggest strength of btc BTC, now every country follows KYC and then it can be controlled by someone. Now KYC is trend in crypto market.....  I think KYC is good for real bounty hunters or real crypto holders. As a bounty hunters it looks very useful to me because before kyc my stakes was stolen by another with fake ID. But now it can't. So i think KYC is best. the best? I think you're all wrong, bounty hunters shouldn't use KYC, that's not important, what if someone doesn't get anything because the tokens from the project don't have market value? and we have to do KYC that's stupid Of course, there are many people who don't have an interest in the KYC in the bounty hunting, but without KYC procedure, it is not possible for them to get their tokens. Of curse, it is useless because we don't see any value to the coin after listing in the exchanges. People who don't have interest is just two of these, they either enrolling not just one account some kind of spammer on bounty to gain more rewards on the bounty pool. I don't see nothing wrong with the KYC procedures since it is a prevention for people who have derogatory records especially when they got involved in scamming. However even KYC can be easily compromised, they could be hiring/buying people's identity for example driver's license and just picture it then submit for verification. |
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I'm sure there will be a day when a country or a major bank announces its own blockchain-backed cryptoasset. The blockchain as a technology is already so popular for database security that only time will tell =)
Absolutely. The adoption we are seeing right now is the start of what we are dreaming for our society. Blockchain technology is taking over almost in all of the industry from financial to medical which totally tell people how great it is. France, Germany, Spain and the United Kingdom are next to Malta which is essentially cryptocurrency island so I think we could see an "Euro Crypto" or something similar to it one day. I think it would actually reduce crime because everything asset and transaction is automatically tracked and accounted for. I am excited to see how our global economic system develops thanks to the invention of the blockchain.
It isn't surprising at all, when I saw the article about how did the Germany adopted the cryptocurrency offering the use of it as an investment to their citizen. I knew it was the beginning to the european country to fight their negative interest rates. I'm just curious how these said country, government will handle things like this especially it involves unprecedented problems. |
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New investors are not interest to invest in the such bearish market. Last two months i found huge promising projects coming but ultimately they unable to satisfied to new investors. Top coins are good stable but what is going on the others cryptocurrencies.
Not much different from other projects and has a good picture or dream in the next few months and ends with something unclear. Some are not produce anything and waste time. I couldn't agree more. Projects these days are crap, investors are not interested anymore in buying precioius words that they already heard on the past scam projects. Does the bearish affects it? I guess not, a year or two back then the price is pretty low but there are willing investors to fund the project until it becomes successful which I think the price of coin does not have any involvement on this. From 2017 until now, you can see the listed projects on exchanges that has entered dormancy on which on any way can't get up because devs already abandoned it. I cannot blame our investors why they are not interested in altcoins anymore, what happened to the market of altcoins is so cruel. |
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If that's the case, don't you think that users who aren't tech savvy can find it difficult to continously re-learn and training the algorithms? I checked out your platform and I didn't see any documentation on how to go about it. I'm not forgetting the fact that one of the biggest hurdles with Neural network is up-to-date data. Who would be responsible for getting the data? Let me know if I missed anything.
No coding or trading experience required. Re-learning process is completely automated and executed on server side. The only thing you have to do is to press "Enter" button and wait approx for 2 minutes. Wait what? You don't have anything to do but to press the enter button? So where is the essence of trading on that? where is the risk? I'm not into trading bots, but I like the idea of automatic trading however if it happens that all of us will use a trading bot we will just cause a stability in the market since everyone is on waiting line. "No trading experience required" I think that is rigged, it's like offerring free money to anyone who's interested on looking to that platform which I in my opinion a true good to be true thingy. |
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Banks won't be needed anymore in 5 years.
Open your eyes big banks are already splitting into customer banks and investment banks.
Customer banks are going to die and they are already preparing for it.What stays are investment banks.
Once the transition has been finished the customer banks will be history.
I respect your opinion tho, but I think this isn't just right to think towards the bank by having the cryptocurrencies now. Crypto indeed showed its capability to adapt and resolve problems, but that isn't enough to replace the banks cause it plays a great role in businesses and people, bank loans and businesses is vital in economic growth and that won't be replaced by a decentralized network. EU,China,Japan etc all declared to bring their own digital currency out.
But this does not mean any with the banks, these countries are pretty positive with blockchain, in fact they are trying to integrate it with banks so there will be additional investment options. |
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