I think technically its really traceable. It just need experts to do a thorough research and tracing for cases like that. Basically, bitcoin is created in a virtual way and those people creating are experts and they can really dig into it if needed. Maybe for some unsecure processes or sites might as well scammers will take advantage. Hopefully we can have a particular go to site whenever we experience that situation.
Figuratively it is traceable, by which the addresses can be expose happen to be connected to each other but things like that could be negative or positive action. Like me, I've created many account on coinbase already because of lost emails, cellphone number and passwords which is more likely to trace by wallet explorer. I think what the OP really meant is, is there really a way to name these hackers? or trace accounts to whom it belongs. |
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The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.
your thoughts
Let's say I think not all altcoins are bad.At least the ones I know of are pretty good.But I don’t need to know all 3000. There is simply no time for research. I’m only interested in those altcoins that are rumored in the crypto space. The rapid growth of altcoins, as you have said over 3000 on which I think most are less substantial in the market, there is no really time to research that all but there are altcoins you can be heard growing, trending and whatnot and I think those are quite profitable to deal with. But also be careful with these altcoins, they are prone to fail while playing in the market, scammers are widely used it to scam people especially the beginners and altcoins are indeed less profitable than any leading cryptocurrencies like bitcoin and ethereum. |
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I cant say which one is better yet i havent any experience on using up Coinbase ever since so i cant point if its better or not compared to Kraken which ive been using.
Its a matter of preference though just like on what others been saying here.Important thing here is that these 2 services are reputable and been known.
It is really a matter of preference. I've been using kraken lately and get pretty much experience to it and I've been with coinbase for a couple of years now and still getting what I need to get to it. It is given, there is a competition among the exchanges but as long as it served its very purpose that'll be fine. Coinbase have massive user growth on the other hand kraken has a huge volume and liquidity, so it will just base on how the user which he thinks he can get the most of it. |
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Before you invest in a coin, you should consider the fundamental data that are available in the internet so you can easily evaluate the project or the coin if it is worth it to invest long term. Technical data from the charts are also essential because that is where you will base your entry and possibly exit point if you decided to get in.
the fundamentals in a project must be good, don't let you choose the wrong one, but fortunately we can get help from coinmarketcap, I think the top 100 can be for investing in the mid term or long term Well coinmarketcap is a prime tool for tracking hundreds of cryptocurrencies to know its current price but then there's a gap with its time pricing, I'm not just sure how long it is. Investing on a coin seems to be harder these days as the market behaves so unpredictable due to large numbers of investor and traders now. It will not take you to a half or a 100th coin in the market , there are already coins that is worth to invest in the top10 or 20s. |
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This is a big dream mate but I really doubt that fiat money will be gone because of bitcoin or any other cryptocurrency. We have to consider that it is controlled by the government and they will not allow any decentralized currency to take over, fiat money will stay. We all want the best for bitcoin and in the coming years I just hope the adopting will be on a higher level.
How FIAT money gone or why you think it will be replace by cryptocurrency? Bitcoin used in the global but it's not consider as global currency. Because still a lot of countries did not adopt it. Hopefully in the future cryptocurrency will regulate in many countries. Bitcoin can not use to replace of FIAT money. If someone BIG does want to not replace fiat but just to help fiat then it maybe possible. It just a matter of regulation not totally it cannot replace, the thing is, iy oppose what we have rght now. I know blockchain will be vital in our futures financial system, that's for sure. It is good to see how some country such as germany and japan is starting to test out the effectivity of using cryptocurrency on way more often manner. Bitcoin might not be a global currency but it will be a global digital investment. |
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Nobody can tell you exactly where we would go. It might rise or Bitcoin might get another $3k, who knows. That being said, investment is never guaranteed, you should always prepare for the loss. Did you put all the money on your investment? I hope you didn't do that. Better save some for other investments so you can diversify your portfolio.
Definitely. Uncertainty is the consequences of taking the risk with bitcoin. Bitcoin's price now is sitting from $7000 to $8000 for quite long time and profit is at lowest rate base on its movement. That being said the year 2020 might give you the hope you need since we have been seeing a lot of good news regarding cryptocurrency and blockchain especially the bitcoin. @joniboini is right you need to diversify your investment, not only focus on the bitcoin, see also the potential of other coins. There is no wrong or right decision (at least we don't know it now yet). Don't be overly optimistic or pessimistic, just follow the market and you should do fine.
imo, selling an item to purchase/invest with something uncertain thing is a bit off, but I think the bike of his isn't that important at all to him or does not have any sentimental value to him or he's just blinded with potential of bitcoin? |
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Risk of cryptocurrency when price of bitcoin or altcoin have lower and we bu with higher price, many investor and trader always allowing with what people said and they investing with coin suggestion by the other, when you buy some coin by recommendation from some one you make mistake because he has sell his coin and make you buy it.
Well that's what happen most of the time but I'm sure that there are some good advices coming from other professionals which usually are paid advice however following someone else's suggestion is the same as letting other decide whether your money will grow or opposite and people with right mind will never do that. It happens for a very natural reason, market is speculative. Seeking professional's help is a way of making your decision based on what the other's view on the market which I totally not recommend. Another thing is, one's view depends on the experience and affordability to lose, I bet these professionals had also lost and already have an idea what the market could be which everyone would not uderstand.
If you want some suggestion try to seek professionals with no motives otherwise it's basically the same thing.
I don't see professional people here, imo, just experienced ones. Not talking about the financial advisors though. Seeking professionals with no motives? what do you mean by that? |
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Crypto politics! I don't need to be a whale or an expert to tell that the cryptocurrency market is dominated by decisions of the cryptocurrency power brokers which played out in the fight between Craig Wright and Chanpeng Zhao which saw many big names and players in crypto take sides. Digibyte should have known that the best way to get by for most rich people is to join the band wagon if they can't beat them
It's not about the politic and look at the news dude. tate is even commenting about polo with very bad attitude on his post. That's a good thing to see he create a critism post about the collusion between tron and polo but we must know about the fact that when we are still need the exchange site to get the liquidity and we can do that in a better way just like create a sarcasm critism about that. It should have not ended like this, DigiByte do not deserve such delisting since it has a lot of people in the community but the founder,Tate, does. He can't be rude if he finds something wrong or someone committed a mistake, he should have not focus on offense. It seems like that Tate is too offensive towards the said founders and exchange with all of his comments taking too much of the competition risen in crypto space. He should have not belittled the Poloniex knowing it's an old and underrated exchange. Maybe it would look childish thing for poloniex but I think it is the right thing to do. Indeed a bad news for DigiByte. DigiByte to digiBYE. |
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Both.
We are not in the world yet where everything will be digital and even with that, it will always be fiat on the front.
Let us be honest here. You could still places where they dont even know what a smartphone is and yet we want to upgrade everything into crypto currency.
The fact that the 7billion people in this world hasn't been connected to the internet already negates the perfectly working digital world. There are still people who has not been experience the internet, even people who has not been with smartphones yet. Cryptocurrency is arguably the thing we need to start the high technological era but there are still reasons we can't push hard through it.
It will be a mess up country if done. Not every country is like Japan.
Some of them still needs paper money on everyday life.
I admire japan so much, they have the best humble and respectful people. The level of technology in japan is on another level, they even have a humanoid female robot called actroid proving that they are prominent in electronics and robotics. I would not be surprise when they fully digitalized their system. |
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in trading what is needed is patience, especially with the current market conditions which may be difficult to be able to get a profit, and many may hold for a long time to wait for the right moment to sell
We must have patience and we should have the ability to keep waiting for the market to be decided by us. It’s good to fix your goal for investing for long term trading and till then it's not a wise thing to trade until you get your target. We should trade for the long term it’s good for us. I think people should have patience as it’s the most important thing for trade. Patience is not the only we could make money in crypto but instead, we need to become smart and wise in all the activities we have. For patients won't simply work so easy, just like what I did last year and I keep holding some of my altcoins but I've got now, it is nothing...the price went down badly and too far from the day that I bought it. It gives me learning and that holding aren't profitable but it also a reason for us to lose. Patient + fundamental knowledge about trading is quite helpful and profitable though it's not enough to deal with the market's volatility at all times. You are right just being patient won't take you long of your destination here in trading, proper knowledge and being adept does. Bitcoin isn't that volatile as of the moment, I suggest to look for other altcoin that you can maximize the potential. And for now, I only just hold for a week otherwise, I need to sacrifice and diversify my investment. Its something we need to track every market change and take advantage of every fluctuation that may happen rather than wait for a huge increase cause it seems to be unpredictable.
I also diversify my investment in crypto to possibly gain in many ways but Imma tell you it is also risky although diversification enables you to gain from any direction it is just an average returns on investment. |
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no offense, but saying "soon reached $10,000" is something anyone can say, I looked at their report here: https://data.bloomberglp.com/professional/sites/10/Bloomberg-Crypto-Outlook-Dec-2019.pdfpredict that the price could reach $10,000 next year is something that anyone can get right, I believe if some bet site bet if the price may or may not reach $ 10,000 next year all people would get it right and the site would go bankrupt. The arguments used in the report also bring nothing new. I would say they are looking for protagonism. There is nothing new with these predictions. How many times this question was asked? a hundred? a thousand times. I did not see the price come up to $10000 this year amidst the mass predicted it to happen, so what's the point here? The intention of prediction announcement hides to words of positivity, they are trying to manipulate people to behave in the market for their personal interest. Hence everyone can predict it and has the chance to predict it correctly tho. |
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Truly a dream and we'll find it difficult to see your dream into reality. Bitcoin, being the major currency of all won't be allowed by a country unless that country and its government will fully dedicate themselves to it. We are seeing countries that are very supported and welcoming to cryptocurrencies but thinking of that thing is very hard to achieve. Well, yeah who knows what will happen in the future? we don't know and the chance is very slim but no one foresees it.
Bitcoin was created not for the government to support since it opposes our current financial system, too bad we can't do nothing about it. Still we are all under a government that handles all the premises within their territory, we can't freely have what we want without paying taxes. Let's be real here, blockchain is the only thing that government and businesses are running to, not even bitcoin or other cryptocurrency. Even millions of people will support bitcoin still government has the final jurisdiction about it but it's most like a negative from them. |
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But there are those who are born in poverty which is not their choice. Also, take Africa as an example where the people are forced to live in poverty and can’t do anything about it because their basic rights especially with education are not given to them. It is by the corrupt politicians we turn along with the opportunistic people playing behind the scenes. You are lucky to have been born especially in a country where the government had provided you protection of your basic rights and needs as well as I.
If a person is born poor then definitely it is not his fault as no human being can really decide where would he be after his birth. However, if a person stays poor and dies in this state, then he should only blame himself for every down and pit of life. For instance, people who are not investing in bitcoin but know about it and witnesses how capable it is, cannot blame anyone else in future for same financial status. But being born in coalesce with poverty is also having a low chance in life, believe me. I've seen some hardworking poor people still they were not able to die being rich or at least an average state civilian. We can't totally blame them for their fate, we can't blame anybody for their fate. Like cryptocurrency, we cannot blame people not using it or those who even does not believe on it. |
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At what price would you guys stop putting SIGNIFICANT amounts of additional money into purchasing Bitcoin  I am not talking about small investments that you do not care about losing, but stop investing significant amounts of your financial assets that you can not afford to lose. I am NOT asking if you believe Bitcoin will go down to these prices !!! I know you guys will say the prices will never get that low, and that you would never sell your bitcoin.. . OK we understand that 😁 BUT, any rational, intelligent investor will have a price point at which they would stop putting significant additional amounts of money into a particular investment. Think it over carefully and give us your best, most honest answer. @HardFacts you’ll be surprised but people will put their life savings in bitcoins if it touches $0.01 again, because unlike other assets bitcoin cannot be manipulated and controlled. When I say this I do acknowledge that few whales can effect bitcoin prices, but that’s only temporarily in the long run due to its strong fundamentals it always bounces back. That is what most of the people will do if the price will reach again on that level but that thing is not really possible as of now. With what the crypto scene has now? there is no another contender for a variable that can contribute to economic growth like cryptocurrency. This is also why countries like Germany started to adopt the use of it and integrated with banks. Hence i would never stop investing in bitcoins even if it touches $0.01, rather I would put everything I have because I would yet believe it could bounce back and generate good returns for me.
Although that's impossible to reach bitcoin that low even at $100 it will hit again and soar up to million that's for sure unless there will be a coin that would replace bitcoin. What do you think of that? |
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Once the halving occurs, the miners and other holders should not focus on selling their bitcoin because it is better if they will hold it because once the majority of the people in the community knows that the supply will be harder to sustain then it will create a panic buying because people don't want to get left behind in having a bitcoin which will result for a price spike.
Do you think miner doesn't need to the money they just mined to pay for the expenses which are quite big? They could only hold after spending some portion of their mined coins into paying the expenses and to be honest, it's not that easy. The plat that you elaborate also purely speculative and doesn't guarantee better profit because you don't know what might happen in the future and how do you know there'll be panic buying while the total supply remains the same? it's not like most people are really concerned about the decrease of miners reward anyway. Mining bitcoin really electricity consuming given that they uses a high rated GPUs so undoubtedly what they earn from mining comes huge to their expenses to continue unless they are mining from a country that has a low electricity rate or using a renewable energy for low electricity costs. Some miners even have a warehouse or establishment dedicated just for mining. Miners could hold their mined btc for a while indeed but talking about the risk it's not worth at all. |
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I have skills how to cash out... Its not free Money!!
You did learn the cashing out but didn't trading? You should've learned it first cause it is the vital of trading, that is why it is called TRADING. I invest and take risk!!
Yes you did invest and take the risk, why do you have questions like this? I mean there is nothing wrong with asking but obvious things should not come to be said by anyone. Especially here in the forum where you can just read a lot of posts about cryptocurrency as a whole, things like this should not be posted anymore. If market is volatile enough then its good but Now just red Everyday!!
That is what the cryptocurrency is, the only thing you need is to scale the market volatility which I think you were not able to do. As of now I am seeing the market pretty natural as btc and other coins are in green, about a percent up this very time. |
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Anyway, that will also depend on how we manage ourselves.
It really depends on us and the points/tips given is just a guide for likely a successful trading. Many traders suffer big losses not because they start big or whatever it say on the OP, but it is because they really don't understand what they doing. Trading is risky and of course, it needs hard work to make it find and successful.
There are traders that tends to get comfortable with trading when they win on their debut, that makes them more aggressive playing in the market thinking they could just easily win and profit. When did become trading a trend? after 2017? 2018? We can say with 1 to 2 years of traders from that time til now, they were not totally used to see the prices low as market has already grown and that causes them to panic. |
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thats a lot of exchange that has been cracked down by the chinese government.
pero parang hindi naman ganon kabigat ang epekto sa market dahil halos 1k dollar lang naman ang ibinaba ng presyo ng bitcoin from these Chinese action so from that hindi talaga ganon kabigat ang lagay ng mga investors so safe pa din mag hold ng bitcoin lalo na sa pagihintay ng Halving.
Yes hindi ganoon kalakas yung impact sa market ng mga nangyari sa China nung nakaraan dahil sa tingin ko hindi naman masyadong naapektuhan yung tingin ng tao sa cryptocurrency especially bitcoin dahil na ren sa illegal o may fraud sa likod ng mga naisarang exchanges doon. Kung susuriin mabuti, konti pa lamang yung halos 40 exchanges na naipasara sa kabuuang population ng China. At isa na rin sa nakadagdag sa maliit lamang na bawas sa presyo ng bitcoin is yung openness ng tao sa China about cryptocurrency. |
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If we talk about satoshi nakamoto then we all agree he is a genius who can create something useful for the future, which is bitcoin.
Looking at satoshi is genius, it is clear that he will not arbitrarily choose 21M as the maximum supply of bitcoin He must have his own
calculations as to why it must be 21M, only he knows the reason.
Calculations? given that bitcoin was the first cryptocurrency, there are no such thing as calculation on his part cause there are no other variables to consider. So most probably 21 million was just an estimation or the number 21 has a personal meaning to him, though we'll never know it. Another thing is, he might did not choose the number of total bitcoin but is all an accident. It is very difficult for all of us to guess it. But actually than we are
dizzy thinking about it that clearly will never get the right answer, except satoshi himself who explained it to us all. We better focus on
thinking about something productive, like think of the right strategy to make a profit in the crypto world with bad market conditions like today.
I must agree, instead of talking who the real satoshi is or where is he's at now, let us just be productive on what he did, bitcoin. I'm sure if he's alive until this very moment, he must be proud of the people who appreciates bitcoin. Perhaps he is already dead, no one really knows. |
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Couldn't care less about their trade war but about the actual state of their economy. There are signs of another collapse for the US. China ain't really doing great as well. Historically, these are times when society becomes turbulent.
We can only hope that this don't lead into more conflicts. The Chinese for example usually focus their attention outside as distraction whenever their economy is not doing well.
the war is already depicted but not in any soil of course. analyst sees Guam and Philippines to be the war zone. obviously none of them wants their country to be the battle ground and the conflict lies on whether Philippines chose sides. They've all violated international waters in the Philippines its just a matter of which shoots the first but thanks to Duterte he manages to make peace with the Chinese since he doesn't want Philippines to be the battle ground either. Philippines can be benefit between the two if played well economically since Philippines is not going to experience financial crash, there are more resources in the country as its an archipelago. Not going to be affected to their trade war. Despite the beef between the Philippines and China there is a very vague possibility of conflicts between the two country, In fact there are treaties on talks now.However looking on America and China, you can clearly see how the two deals with each other. America is collapsing now, they can go to war anytime with any other country just to end their problems. Seeing signs with declining economy of america makes me think of ww3. Having these things said, I don't see any huge impact of these on bitcoin, cryptocurrency space as a whole unless they say so. |
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