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Showing 20 of 186 results by Kriptex
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Topic
Board Economics
Re: Why spend time in bitcoins?
by
Kriptex
on 21/08/2018, 05:16:28 UTC
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.

Cause when we spend time, we gain something. We expect something in return which is not so good for people.. But if we spend time and at the same time we gain some knowledge about bitcoin and the crypto world, that is more helpful. We can gain something that could be useful to our society.

Spending time in crypto is the only way for success.

Without spending time, you cannot analyze the market and you will most likely lose some money in wrong trading and investment decissions.
Post
Topic
Board Speculation
Re: Will The Price Of Bitcoin Increase Forever?
by
Kriptex
on 31/05/2018, 14:32:17 UTC
The word forever is too strong to be used in that sense.
Bitcoin price will always change, sometimes it will be up and sometimed down so in that sense it will always increase.
But generaly speaking I think that market will define some upper price that will the bigest that Bitcoin can achieve and it will not increase above it.
This might be 20.000$, 200.000$ or 2 millions $, we can't know that figure.

This word is not strong, as you said, but bitcoin price will be getting more expensive with the time goes by. The reason behind this is all about the supply. The supply is very limited and mining bitcoin is getting harder and harder every 4 years.
Post
Topic
Board Economics
Re: its not about how much you invested, its when you should invest?
by
Kriptex
on 31/05/2018, 14:23:46 UTC
it may be worth noting how long we invest in bitcoins, because the longer we invest in bitcoins, the more likely we will make big profits.

If you will be talking about how long we invested in Bitcoin, we must also add that it depends when we will be selling those Bitcoins. Bitcoin is known for being a unpredictable digital currency because of its volatility, that means investors might have a hard time when to sell their Bitcoins since whenever the price pumps, it will either dump or pump more though we do not know when.

Very complicated situation. The time of the investment is important. Yet the amount of investment is also important. When you combine both, you can see that the result will be linked to your prepareness about the market.
Post
Topic
Board Trading Discussion
Re: Transfer My Entire Savings to Cryptocurrencies?
by
Kriptex
on 31/05/2018, 14:07:07 UTC
As many others said, it is not recommended to do so but of course the decision is yours. You are free to do whatever you want with your money, it is OK to put all your saving into crypto as long as you are ready to accept the worst case. Otherwise, you may regret it so much.

Because in the end of the day he's the one who will decide for his investment because everyone here advice him not to but if he still do then he really have the courage to risk all his savings. I just hope I don't see him post here again and mocking how much how he loss.

Though to be honest, these days are the best to invest before the third quarter starts because bull will be back in the market.

If you take extreme risk, you can retire very much earlied than a regular person, but you can also be in danger with crypto investments. Because you won't have fiat money savings in your accounts since you asked this in the thread.
Post
Topic
Board Trading Discussion
Re: How do you trade?
by
Kriptex
on 29/05/2018, 14:07:23 UTC
I'm a trader of course not professional, but also love to trade altcoins. And I want to say that the altcoins trade is much more profitable for me than the most famous coins. And if not a secret, on what platforms do you trade?

I'm not also a professional, I trade regularly but I do this in 2 ways.

The first way is bitcoin, ethereum trading which is more safe. The second in altcoin trading like ico coins and other tge coins. This is harder because the risk level is high in there.
Post
Topic
Board Trading Discussion
Re: minimum amount to start trading?
by
Kriptex
on 28/05/2018, 15:49:02 UTC
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
there where no required amount to start trading in crypto market but fir newbie or beginner I suggest to start at low capital 100$ may fo so you can start learning from there as you learn you can add more gradually until you become a good trader

I know many traders started with $50 only and they obtained nice returns in the bull market of 2017. So this year the same may happen again. There is no certain amount to get started, anything is possible from $50 through thousands of bucks.
Post
Topic
Board Speculation
Re: Don't lose your faith in BTC.
by
Kriptex
on 28/05/2018, 15:41:29 UTC
What if the $1000000 is actually just a dream for five years? Because I think no one will going to have a courage to out such big amount of money to bitcoin. This may lead to bitcoin to decrease the growth of the investors because $100000  price of btc is too much. I would rather choose the alt than investing a big amount on btc which is the hope is not secure.

Sticking with realistic dreams is a better way of holding your bitcoins. We all know it will be the global currency of the world and it will get very much attention from the citizens of all the countries. Then Bitcoin is totally promising for us.
Post
Topic
Board Trading Discussion
Re: Is technical analysis useful?
by
Kriptex
on 28/05/2018, 15:16:00 UTC
Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

If with the help of technical analysis it would be possible to obtain a guaranteed profit, then all crypto traders would be very rich. But as practice shows with the help of one type of analysis one can not make a profit. Maybe just sometime!      
               

For short term trading positions, technical analysis is always good to predict your way to move. But for long term trading positions, it's not a good idea to rely only on technical analysis. Fundamental analysis is also needed there.
Post
Topic
Board Economics
Re: Why people are still buying BTC?
by
Kriptex
on 28/05/2018, 15:09:08 UTC
People saw bitcoin on almost $20 000 in December 2018 and they believe that this will happen again. So now they buy for "cheap" price ($7000) and they expecting that on the ending of year bitcoin will be around $20 000 again. It's great opportunity for people who have bigger amount of money that they don't need it, but there are people that take loan for investing in bitcoin and hoping that they will earn a big profit.

This is right and explains why people keep buying bitcoins. They sill have hope for bitcoin. We know some influencers are putting bitcoin under pressure so that they can maximize their capitals with bear traps.
Post
Topic
Board Trading Discussion
Re: how often do you check BTC price and how to cope with stress?
by
Kriptex
on 27/05/2018, 15:44:56 UTC
I check many times throughout the day, slightly addicted to blockfolio as I have a few altcoins and you can't really leave them for a month as they can change overnight, but I do think I check far too often perhaps I have developed an addiction to blockfolio just scrolling up and down.

Checking the price doesn't make anything to you. But coping with stress is important to take correct decissions when trading bitcoin or other altcoins. This is called self control when you cope with high stress.
Post
Topic
Board Speculation
Re: Expected predictions
by
Kriptex
on 27/05/2018, 15:16:18 UTC
There are different predictions by different individuals. The predictions for the price of Bitcoin within 2018 range from $30,000 to $80,000. But what is common among them is that they all believe that Bitcoin is going to make it huge in the charts within the year. And I also believe in them. Bitcoin might not reach $60,000, but I am more than sure that it will go beyond $40,000.

 I think we all expect bitcoin to improve for the next few years.  And maybe if it improved a lot it will be more beneficial and profitable for everyone's future.

I have many predictions for several big coins. Let me start and I will note my target prices for each of them.

For ethereum, my target price is 4,000 for next year.
For bitcoin, my target price is $35,000 next year.
For waves, my target price is $135 next year.
For nem, my target is $4 for the next years.
Post
Topic
Board Trading Discussion
Re: Bittrex or Poloniex. which one do you like to trade?
by
Kriptex
on 27/05/2018, 14:58:19 UTC
Poloniex is the best an exchanges in a few years ago. but at the moment many of trader is move to bittrex
I personally prefer to trade on bittrex right now.

Poloniex is older but I don't find it trustable. Bittrex seem to be more trustable to me. I ready many reporst about withdrawing problems happened in poloniex in the last years.

Hence, I think Bittrex is a better selection.
Post
Topic
Board Speculation
Re: The future price of bitcoin?
by
Kriptex
on 26/05/2018, 13:29:35 UTC
I have read an article in the past in which a certain CEO from a very well known company has told to the people that bitcoin investment is the next big thing and that its market price can even reach to million per bitcoin. It may seem so very high but my speculation is with that price too.

After 2020 block halving, bitcoin can make another amazing price rally in the global exchange markets. Some people says $500,000 and $300,000 for the future price of bitcoin, but I think this is very possible. The supply of bitcoin will be decreased significantly.
Post
Topic
Board Economics
Re: Choosing the one | What I think! - Real Job or Full Time Crypto!
by
Kriptex
on 26/05/2018, 13:15:01 UTC
Well it depends upon how much deep you understand about the crypto market and the future opportunities in it so that you could quit your job and indulge all the time in the crypto market.There is no doubt that bitcoin market has a very big potential of earning but that doesn't mean that everyone entering it would succeed easily.Here self motivation and dedication is needed to earn otherwise continuing with the regular job itself is better

Real job gives you security and stability when it comes to your finacial needs. And even though full time cryptocurrencies isn't that stable it could give you much profit than your real job. But what's the point of choosing if you can do both.

Full time crypto sounds scarry to me. If you're a perfect trader, you can avoid your regular job and start full time job in crypto. Only 1% of the traders can do this I think. The rest will keep working in their regular jobs.
Post
Topic
Board Trading Discussion
Re: How I handle crypto regret
by
Kriptex
on 26/05/2018, 13:08:48 UTC
you should not be too regretful, take advantage of the existing situation, when the cheap price always try to buy coin and sell when the price is green and when it is getting the benefits and better you control your patience.
You can handle crypto regret by not repeating the mistakes you made in past. Keep looking at the market condition and start modifying your plan to stay safe. Keep the investment long term and stay optimistic by which I mean to say do not panic. You will be able to kill the crypto regret when you earn again big with your mental capabilities and market knowledge by playing the same crypto game.

Guys forget about the past. Past is dead. Try to concentrate on the future and this will make you concentrate on your future transactions. You need to learn from the past lessons. Then you will be more responsible in your exchange transactions.
Post
Topic
Board Economics
Re: crypto market demand is increasing
by
Kriptex
on 25/05/2018, 13:16:26 UTC
Market cap right now down more than 100billions dollar in one week. I think crypto market right now still wait and see. But i am believe if demand market already increase, its will bring cryptomarket rising again and hopely can reach highest market cap at 700billion dollar
I agree with you. The market cap will increase in this year. 700 billion dollar is not a big price but it still needs us some efforts to hit that target. Right now, bitcoin need to get back at least $10000 in order to make the market become more actractive

Media and TV support is missing and this is the reason for moderate demand at the moment. If media also bring this to the attention of people, the demand would climb up to its best level so far.
Post
Topic
Board Trading Discussion
Re: Making 1% Daily
by
Kriptex
on 25/05/2018, 12:58:55 UTC
If you want to be a professional trader you can make only 15% in a month because it is a perfect for professional crypto currency trader. If you want to make a daily 1% and it will stand end of month 30% and this is a too many risky for crypto currency trader.  I think you make a daily 1% it is very risky and sometime you can lose your money so I’m suggest to everyone if you don’t want to lose your money you must make 15% profit in a month.

1% does not represent a serious thing in crypto markets. It's very common here. Significant figures are 5-10% in exchange websites. You can try to hit these values easily, not something low as 1% actually.
Post
Topic
Board Speculation
Re: Will Bitcoins hit 30K before the end of this year?
by
Kriptex
on 25/05/2018, 11:46:13 UTC
It looks like market today are getting hard of moving up easily, not even surpassing at $10k in the second quarter. That makes $30k bitcoin price in this year might be only just an imagination. It is really hard to expect such huge amount since dumping of coins are frequent today.
Yes we have been notice market can't go up at least $10k. Were waiting for the bitcoin price to explode this month of may but our expectations did not meet again. We don't know what price could hit this year ends but I am also hoping it will touch to $20k.

Bitcoin goes there but some of the market makers are not letting for better prices. They make pressure on bitcoin after reaching that zones. When they give up this, bitcoin will be much more valuable in the market.
Post
Topic
Board Trading Discussion
Re: Patience is a virtue in Cryptocurrency Trading.
by
Kriptex
on 25/05/2018, 11:27:53 UTC
It turns out that not only Bitcoin is free falling, almost all Cryptocurrency has decreased significantly.
Be it Ethereum, Ripple, Litecoin, and various types of Cryptocurrency has decreased quite well.
Various parties have analyzed that the Cryptocurrency phenomenon triggered by Bitcoin is just a momentary phenomenon, or the cool word is the Bubble phenomenon.
You are completely mistaken bitcoin is not a bubble and it is not a temporary phenomena, bitcoin is going to change the way we think about currencies it is difficult to imagine how big its effect is going to be on the economy, but even if bitcoin never grew again in adoption and kept its current price that will prove that a concept like bitcoin can survive for long enough and maybe a new and better currency will be created out of it.

Money in the global markets always flows from impatient investor to patient investor, Warren Buffet says this. So it's the most significant thing to be patient in your trades. Otherwise, you have problems such as dumps.
Post
Topic
Board Economics
Re: Digital Money = Cashless Society
by
Kriptex
on 24/05/2018, 23:23:09 UTC
Someday we will know what will be the consequences of having a cashless society they are not experiencing today but for sure someday. The slow transaction, Difficult explanation to people who doesn't care about the modernization, All in all it is good to see that people are accepting digital money but having an cashless society i don't think so.

Cashless society doesn't mean poor society here, yet leaving cash would make rich capital owner people and states angry against cryptocurrency technology. This is a reality behind the backstage...