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Showing 20 of 50 results by MadAndHoldersPattern
It was not designed to be a currency. You cannot have limited supply while expecting to have expanding user base and transaction volume, because it's bound to become deflationary. And deflationary assets are not good for payments, they incentivize hoarding not spending.
It is manipulated by the exchanges, just look at the price action
nothing,nothing,nothing,nothing, PUMP, nothing,nothing,nothing,DUMP,nothing,nothing,nothing,nothing...
Very artificial, no organic growth or decline, just occasional strong swings which makes those with inside info very rich by trading on leverage in right time and right direction
nothing,nothing,nothing,nothing, PUMP, nothing,nothing,nothing,DUMP,nothing,nothing,nothing,nothing...
Very artificial, no organic growth or decline, just occasional strong swings which makes those with inside info very rich by trading on leverage in right time and right direction
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
I don't see how any macroeconomic or political events matter to crypto. All ups and downs are determined by exchanges, whales and insiders and they don't care about macro events. It's not like that real people investing influences the price that much on short term basis.
Mt.Gox bots did more to bitcoin price increase than Cypriot banking crisis or war in Ukraine for example which barely had any effect and couldn't stop the post Gox bear market.
Mt.Gox bots did more to bitcoin price increase than Cypriot banking crisis or war in Ukraine for example which barely had any effect and couldn't stop the post Gox bear market.
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
So if the march poll has to reach 13k+ there need to be Some pumping action 
This poll is a great contrarian indicator. Crowds are almost always wrong.
Of course it is. No matter how skilled trader you are, (or poker player/or sports expert), you might lose horribly in the short to mid term. No matter how well prepared you are, how much research you do, or good strategy you have, it is still possible the market (cards/result) go the other way and wipe you out. There's an element of randomness and variables you can't control or predict.
Technical analysis and fundamental are just a distraction in these wild markets, shady exchanges, market manipulations and inside practices are not predictable and eventually destroy even the best traders.
Technical analysis and fundamental are just a distraction in these wild markets, shady exchanges, market manipulations and inside practices are not predictable and eventually destroy even the best traders.
Re: WILL BITCOIN BE USED BY ALMOST EVERYONE IN 2022?
Almost nothing has changed from 2013 (when bitcoin first time got to mainstream media). Almost 5 years and still barely anybody is using it for anything but speculation. Merchant adoption is misreable considering we live in internet and globalized era where everything spreads like wildfire.
Re: Sixth Grader Writes a 57-Page Book About Bitcoin
"An 11-year-old boy has written a book about bitcoin in the hope of raising $20m (£14.3m) by the age of 14 so that he can drop out of school."
This kid's ambitious, I'd be happy to make $1,000 for writing a 57-page book (you can write than in a day or two if you know the subject)
This kid's ambitious, I'd be happy to make $1,000 for writing a 57-page book (you can write than in a day or two if you know the subject)
Re: Bitcoin is just a speculative asset, not money?
Money should not appreciate in value. The purpose of money is to be spent, to circulate, not to be "hodled". Why would you use as a medium of exchange something that appreciates up to 1000% a year?
"Hodling" is the exact opposite of money.
Another issue with bitcoin is it is not a unit of account, people when transact in bitcoin they refer to $ and other fiat currencies, they don't have a clue what 1btc is unless it's not converted and expressed in fiat. There's not a country in a world that prices goods and services in btc. There's no reference point, it's not a legal tender anywhere either. Only way btc's value can be known is when it's paired to $.
"Hodling" is the exact opposite of money.
Another issue with bitcoin is it is not a unit of account, people when transact in bitcoin they refer to $ and other fiat currencies, they don't have a clue what 1btc is unless it's not converted and expressed in fiat. There's not a country in a world that prices goods and services in btc. There's no reference point, it's not a legal tender anywhere either. Only way btc's value can be known is when it's paired to $.
Re: Why I think crypto currencies (including BCH) will fail
Yeah, it's a bit ironic that people buy cryptos to "hodl" them instead of using them. Their main use as of now is speculation. They're a financial asset class, no longer a technology. Bitcoin has turned into a "store of value", perpection has changed and it's no longer used for what was intended to be used.
Very interesting times for sure. There will surely be some winners among alt coins who will find real word use case, and become adopted, as of now they're just a speculation vehicles with nothing else to offer except day trading exchange pairs.
Very interesting times for sure. There will surely be some winners among alt coins who will find real word use case, and become adopted, as of now they're just a speculation vehicles with nothing else to offer except day trading exchange pairs.
I want to explain about the Difference Gambling With Trading
Many of those who claim to be a trader still can not distinguish gambling with trading.
The word "play or play" is different 'taste' if used in a "play ball" activity for example.
Consciously or not, the word 'play' is more pronounced to the nuances of gambling when used in a trading activity - unconsciously embedded in the mental and then form what is called mental gambler
Gambling and trading are two different activities.
Gambling is an activity of drawing fate! For example - grab a dice, select a number and then hope the number will appear, throw the chest ... the decision-making process is complete when the dice is thrown, the end result we never know and can not control it.
Then what about trading? Trading is a decision-making activity involving many aspects ranging from market research and analysis, financial management and risk management to psychology management to recognizing market psychology as well as the ability to control oneself. But what differentiates a trader from a gambler is - a trader have the ability to read things and then change them - for example by counter-trading, running a backup strategy when realizing the predefined calculations and analyzes are wrong. A trader has the ability to turn an unfortunate circumstance into a favorable state for himself.
I do not agree if the bitcoin is called gambling,
Has not the LORD said that HE will not change the state of a people if the people will not try to change their own circumstances?
Many of those who claim to be a trader still can not distinguish gambling with trading.
The word "play or play" is different 'taste' if used in a "play ball" activity for example.
Consciously or not, the word 'play' is more pronounced to the nuances of gambling when used in a trading activity - unconsciously embedded in the mental and then form what is called mental gambler
Gambling and trading are two different activities.
Gambling is an activity of drawing fate! For example - grab a dice, select a number and then hope the number will appear, throw the chest ... the decision-making process is complete when the dice is thrown, the end result we never know and can not control it.
Then what about trading? Trading is a decision-making activity involving many aspects ranging from market research and analysis, financial management and risk management to psychology management to recognizing market psychology as well as the ability to control oneself. But what differentiates a trader from a gambler is - a trader have the ability to read things and then change them - for example by counter-trading, running a backup strategy when realizing the predefined calculations and analyzes are wrong. A trader has the ability to turn an unfortunate circumstance into a favorable state for himself.
I do not agree if the bitcoin is called gambling,
Has not the LORD said that HE will not change the state of a people if the people will not try to change their own circumstances?
Would you say sports betting is gambling? You could spend hours analysing any sports match, statistics, injuries, motivation, weather, formations, strategy, match up, calculating causal fanbase bias and irrationality, so many aspects, so much depth, and also requires bankroll management, yet everyone agrees it's gambling. because it's a zero sum, even negative sum game (because house in betting/or exchanges and fees with crypto take a chunk). Same goes with poker. Trading is no different.
You can increase odds in you favor, but still lose because it's unpredictable in the short term and anything can happen no matter how much time and how well you did you analysis.
Re: Bitcoin is like cancer-pill, almost worthless
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.
And by this you also say that Bitcoin is in essence worthless - and only holds whichever low price people emotionally attach to it - like the price of old pokemon cards
Re: Bitcoin is like cancer-pill, almost worthless
Most of the crypto price consists of speculative value. I'm sure that 95% of people involved would never invest in bitcoin or altcoins if they knew the price would be fixed. Hence, cancer pills of certain brand (which would be in limited supply despite the ingredient being open source) would be valuable if you could trade them online and make money flipping them with easy access available to everyone. People love gambling, stock markets, penny stocks, online casionos, sports betting are all blossoming and there's a lot of speculation hungry money in the world.
It's not necessarily negative. Mainstream media will publish anything that will produce shock value and generate interest. They live of page clicks and tv ratings. I've seen on CNBC headline "why bitcoin will go to $100,000" and "bitcoin will go to zero" on the same page. They just want to cause controversy which will make people talking, and cover as many stories as possible. True, some media has agenda slightly leaning in one direction, other in the opposite, but in most cases, and among most popular outlets, they only care about their own viewership and income, not necessarily about the subject.
Re: Bitcoin will someday be worth as much as 40 times its current
I would take their predictions with a grain of salt, they're saying this hoping to generate a self fullfiling prophecy since they're heavily invested in bitcoin themselves. Just like McAfee they're saying what they hope it happens, and what they want indecisive people to hear to create further demand which benefits them personally.
If you're not an expert in trading and don't have any experience, it's better to just buy&hold. Otherwise it's pure gambling and odds are against you, because of fees, trading costs and more experienced traders, plus market manipulations and insider information, scams, impossiblilty of anticipating big moves by devs, whales, exchanges, hackers, then sudden unexpected big news etc. Too many variables you don't control. You'll just get burned out if not prepared and thick skinned.
Re: European Banks Could Soon Hold Bitcoin, Admits ECB President
I wouldn't get too excited over this, statements are still vague. And central banks can often be good contrarian indicators, if they start holding positions in bitcoin it could be at the top. Many CBs they had blunders with gold selling low in early 2000s, and buying high in early 2010s
Depends on your goals, risk tolerance and time frame you're investing. You can expect gold will hold its value +/- 20% next month, but bitcoin has higher upside and lower downside. You can double your money in gold in 3 years maybe if you're lucky, but you can't lose more than 30% or 50%. In bitcoin you could make 5x your investment or lose 80%.
Gold is moderately speculative and bitcoin is highly speculative, so you should diversify and decide which is more important, huge returns or safety
Gold is moderately speculative and bitcoin is highly speculative, so you should diversify and decide which is more important, huge returns or safety
It reduces anxiety in social situations. It's much easier to bond with people and be confident with members of opposite sex. When I was younger I had crazy amount of success with girls when drunk (assertive, loud, alpha) compared to my sober self (introverted, timid, beta). Downside is obviously health and long term path to hell. When you drink by yourself when watching Tv before going to sleep, you're in danger of becoming full blown alcoholic. Bottom line, drink as long there is more upside, but once side effects outweigh positives it's time to stop (usually after 10 years of drinking it stops being fun and becomes a problem).
What they mean by intrinsic value is that something has demand outside of speculation. For example, precious metals and real estate have demand even outside the financial world. Stocks, bonds provide income in form of dividends and interest rates, and are legal form of ownership or lending.
While cryptos don't generate income like companies, don't have industrial use, nor give you legal rights, it's just mostly speculation right now. You're gamlbing on a fact somebody's gonna be willing to buy it later, but 99% of price and transactions are purely speculative without any real world use.
While cryptos don't generate income like companies, don't have industrial use, nor give you legal rights, it's just mostly speculation right now. You're gamlbing on a fact somebody's gonna be willing to buy it later, but 99% of price and transactions are purely speculative without any real world use.