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Showing 20 of 451 results by ElitistCA
Future of Bitcoin Economics depends on mass adoption of Bitcoin. No body can predict accurately the true future of Bitcoin.
Yes, you are right, no one can predict bitcoin exactly, because bitcoin depends on mass adoption. Bitcoin can rise high and fall at any time, and it is a risk of all bitcoin holders.
I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on.
this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.
There are times that it is hard to buy some Bitcoin because those people who have Bitcoins don't want to sell because the price is too low. It is better to hold that to sell Bitcoin in low price.this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.
You are telling is the one side story but the real problem is that they have restricted to sell to unknown users due to lot of users without id verification open the account and unnecessary they go for buying from users and wanted to scam them by saying they have paid and give you fake payment slip. That is why the bitcoin sellers in localbitcoin are asking your id cards so that they can get saved by this unwanted problems. Even the users who buy bitcoin can also use illegal accounts which got hacked. So to avoid this all problems the seller ask the id proof from the buyer so that he can be safe in future for any problem.
It's a completely new era of money, and I can even call it an encryption revolution.
It's a new trend, it's a good place to get the sun. There is a need in society for differentiating from the current system. The cryptocurrency was born. This process can no longer be stopped, and the cryptocurrency will stand and occupy its place in the world economy.
Although I don't know Bitcoin can becomes the future currency for the world or not, but I believe at least the existence of cryptocurrency made the world need to change the platform and nature of many system, included the government. Blockchain technology and cryptocurrency opened new concept about new world without third person to manage the world. All people on the world have same permission to change the world. A world where equality always prevails.It's a new trend, it's a good place to get the sun. There is a need in society for differentiating from the current system. The cryptocurrency was born. This process can no longer be stopped, and the cryptocurrency will stand and occupy its place in the world economy.
Many countries are already initiating blockchain use in many sectors, even countries banning or threatening to ban Bitcoin.
After 8-10 years, i think this technology will be vastly used in the world.
Of course, the ability of blockchain technology proved on worldwide. Almost the developers are excited this technology. Many companies want to use this technology as soon as possible. Especially large companies like Microsoft, Google, Facebook, etc. all wanting to use this technology to improve the capacity to store and security data. You knew they have huge users on worldwide, if they use blockchain to apply in their system, no one can hacking their system.After 8-10 years, i think this technology will be vastly used in the world.
In theory, everyone agrees that we must master emotions and make rational and logical decisions.
Unfortunately, in the moment of the action, the emotions take the upper hand, and... bye bye logic!
That's the reason you have to practice more and try to face the FUD, loss anytime. You don't have enough brave to face a huge loss if you didn't prepare which thing you should to do in that time. Example me, every day, I tried to imagine the situation I lose all money, then I continue to imagine how I continue to keep my life with this situation. As long as I can still alive, I can continue to working and recover that amount.Unfortunately, in the moment of the action, the emotions take the upper hand, and... bye bye logic!
Most ICOs are garbage, especially those created by newbies. They don't have reputations, and I am sure they have more senior accounts here. Using newbie means they just want to take money and leave
I think we should focus more studying the white paper and the real team behind the project, newbies are too risky so we should not trust
our money with them, but since ICO is popular, there are reputable people who believes the potential of crypto and they use it for their business.
One example is the Current (CNRC) ICO, Mark Cuban the owner of NBA Dallas Mavericks is involve in the project that is why it was successful.
It depends on what you want and how you feel about your investments and the money you put in it really. If you want a relatively safe bet, (if that even exists in investing) then you are better off sticking with gold as the prices are much more stable although it does offer a lower ROI than bitcoin would but if you can stomach the market and hope to make a lot of money, then bitcoin is your best bet.
Gold investment can't use small amount to get good profit. As far as I know, from my brother, he said a gold trader needs to has $50,000 for good profit every month. Of course, that amount isn't useful for those who are the poor want to change life from financial markets. But Bitcoin and cryptocurrency can help them do that with small money to investment and high ROI. However, as you said, high ROI = high risk. Nothing is free, you have to paid something first before get profit.Yes, like what other people says investment is for brave people; you should always take the risk in order to succeed.
Therefore in entering in an investment you always incurred the risk in all circumstances and overcome that fear in order to succeed.
You need to be wise when investing as that is your key to succeed. Therefore in entering in an investment you always incurred the risk in all circumstances and overcome that fear in order to succeed.
If you have money, take care of it, there is no guarantee you'll succeed but at least do your own research so you will be
able to put your money in an investment that has a good potential to grow.
or may be buy low sell high ?
Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest
how to control this ? = put orders (buy/sell) and close the platform
Lot of noobs traders , don't control their emotions and make worst mistakes : buy at high price and sell at lowest
how to control this ? = put orders (buy/sell) and close the platform
In trading sometimes we can not control the emotions to see the rise of coins and we decide to buy, when the price of coins down again we panicked finally sell at a low price, when in fact it makes us lose.
Eventually they'll matured and they will understand that no matter what happen we should stick to the basic rules which is to buy low and sell
high in order to be profitable, when the market can easily be manipulated, that is the time to hold.
Reading the responses to the recent topic titled, "I would sell all my bitcoins if
." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
I do not want to regret after a few years, or my grandparents, why do not my grandparents buy Bitcoin and sell it to people who have not inherited us. Although I have reached the summit point for Shan Bitcoin, I believe it will be deeper and deeper in coming years, and I translate all the extra income from the elite into bitcoin from the smallest. Do not forget to buy only sells money, hodl is rich.
I can look at it from the perspective of time duration; investment can be for a life time while trading can be done within 5minutes and results are gotten almost immediately.[/b] I did rather do trading of selling of off than trading of buying which can be likened to investing in a particular set if coins.
First part is correct from my point of view while trading need not to be 5 minutes one, i have seen people trading with strategy for 4-5 months.There is mostly binary trading that happens for 5 minutes.
The safest way to keep bitcoin are;
1.Desktop wallet.
2.Paper wallet.
3. physical coin
4. Hardware wallet
I've been using desktop wallet that is bitcoin core and everything is always safe and never found any problems, the most important thing is to make sure the computer is clean and healthy and always backup.1.Desktop wallet.
2.Paper wallet.
3. physical coin
4. Hardware wallet
We cant say if bitcoin is secure because there are no regulation about it, and there are a lot of country who banned bitcoin from their regulation, so dont use bitcoin for transaction, use bitcoin for invest, and it will help you..
Bitcoin transactions are slow and quite expensive. It's more reasonable to use it for invest and use Ethereum for transactions.
Any altcoin with real idea, product and team will be good for holding, just don't by shitcoins)
Need to be careful, now there are a lot of projects that masquerade as a good idea but are a scam
But in anyway there are a lot of good and promising coins
Bitcoin is better than cash in many ways and I think the best part is just putting your fiat in Bitcoin for some months or years and double or triple your savings without doing anything. If you have the same cash in bank or in any other investment the same cash will be just grown 1% or 2% only.
investment in banks is verry slow , you can only earn about 1% interest per year even if you put a large amount of cash. yet majority of people are still believes in banks because banks are kinda much secured and legit in any way. bitcoin is better than cash because you can do many things on it that cash cant posibly do but cash are still the choice of most people because they already knew it and every single people in the earth knows it , while bitcoin has still lack of exposure to the public.
I support Ethereum and I will continue to support it in the future. Yes, it has some big problems (specially network congestion), but it has had big progress during last years and it will continue to flourish this year (I believe it will go to 5-10K in 2018). 
In this year, the devs of Ethereum will upgrade the system and help the network congestion will not happen usually like recent. Of course, we need to transfer money with cheap fees too. I think they will solve the problems about the transaction in next fork.I'm really disappointed with myself now because of Verge. Way back June 2017, I bought $200 worth of XVG and I sold it last week a day before the pump happened. It could be worth more than $5k now if I just HODL. 
Well, I need to move on and learn from this mistakes. This will be a lesson for me to have patience and wait for the right time to sell my coins. The reason why I sold it was because I need more funds to buy another coin. I'm happy with the coin I bought because I can now see that it is now starting to pump. Maybe, I'm just half disappointed every time I'm seeing the current value of Verge. I bought some XVG again and will surely hold it this time. I hope that this experience of mine can be a good example for everyone especially the newbies in this community.
Well, I need to move on and learn from this mistakes. This will be a lesson for me to have patience and wait for the right time to sell my coins. The reason why I sold it was because I need more funds to buy another coin. I'm happy with the coin I bought because I can now see that it is now starting to pump. Maybe, I'm just half disappointed every time I'm seeing the current value of Verge. I bought some XVG again and will surely hold it this time. I hope that this experience of mine can be a good example for everyone especially the newbies in this community.It's ok. It's really a part of being a trader or holder. But now, you learned your lesson, you should make your final decision nextime. But as long as you gained profits, no worries at all. It's ok, atleast you don't lose something money, just try again to other coins and make again like that.
Where do you find interesting ICO or crypto projects to invest ? Here on bitcointalk announcements or on other websites related to new ICO announcements !
Well for most parts, I find good ICOs here in this forum through the bounty threads. There are so many offerings here that you won't actually need to source outside of this forum. The only aspect you should be settling is the requirements of the ICOs or campaigns you would be joining. If you feel that the tasks your should do is just right and not too troublesome, then by all means choose it and join. However, make sure that you research on it and get ample information about its background to make sure that it is legit and has higher chances of profiting.
I think CAPP is an affordable altcoin with a future. It has a designated, but not yet fully implemented planned use. 
I have the same opinion. Capp has great potential to become one of the first alt coins. Intel using the Cappasity Cloud platform looks very promising https://realsenseapp.intel.com/apps/easy-3d-scan/ I invested in this ico, It was my first ico investment and I'm very happy with the projects progress and the tokens increase in priceI won't invest in any ICO without a prototype. The risk of being scammed is well too high. How many ICO's don't even have a MVP ? More or less 90% ?
With a prototype, we can expect the team to manage and fully develop the product described in the whitepaper.
Before ICO's, every startup that encountered the success would have developed a high quality product. The product was tested by the public and now ?
With a prototype, we can expect the team to manage and fully develop the product described in the whitepaper.
Before ICO's, every startup that encountered the success would have developed a high quality product. The product was tested by the public and now ?
Most people just following ICO for the word spread which is too hype for it, and others an ICO with the refferal system, which is there's a lot of bugs inside.
People always trying to cheat to get more and more value in every ICO they choose
True that! In a future there wont be super high bonuses. ICOs should have a prototype, traction, community.
Hype can hurt a project.. Hype = speculators.
Thats why I believe in Crowdholding. These guys have a working product, low hype and real community.