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if I think personally a safe way to invest in cryptocurrency is :
1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.
It will be very helpful for people who's just about to start investing in crypto to listen to people who has been doing it for a long time and has experienced different downfalls in crypto space for they already know what to do and what to avoid doing. It will also be very beneficial for a new investor to read books about investments, study what is inside crypto space and how you should act, decide and move within it. But aside from that, always weigh thinhs carefully, weigh everything and think if they can be of help and not just leading you to wrong decisions.1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.
Hello,
Are You all also comparing your trading ideas with other traders ? Mby with some ''pro'' trader TA and signals ?
I have been doing that and the outcome is really good. I feel more comfortable to enter trade, if im able to check bunch of trader ideas + learn something new.
Before I started to compare and check other trade ideas , i was failuring quite often - either I didnt enter trade, as i was not sure about right way or it was completely wrong and trade went to the opposite way.
So after few failures I did join one of ''signal groups'', of course it failed as well , as provided signal results in FREE channel where fake and signals + TA in VIP, was just total waste.
After some time i found leakers , for the same price what i paid to one group - now i have 70 or even more, didnt count. Entered them only because i saw TRIAL , and deam... there was so much information, TA , ideas and much more, that after trial i joined them for 1 year memebrship. And im happy that I found invite to their server , somewhere in bitcon forum.
Now im comparing my trade ideas with many TOP trader TA, signals and their thoughts. Im not following any signal what they offer , im just there to compare and learn something new - they even have many leaked trading courses, found them very useful. But I know guys in their chat , that follows signals even on blind , with no knowlege in crypto - and even they are making profit on trades + some of them buy their copy trader and just forget about crypto for month and then check their profit in binance or bitmex. Planing to try their bot as well, as im going to vacation - so will rest from everything.
Let me know, if You are also comparing trade ideas with others and where?
If you want to know the place where I brainstorm ideas , then here is invite to their server : You can get free trial: https://discord.gg/3XcGV6N
Good Luck in trades!
Absolutely, and I think people should do it as well, comparing your trading style to other's style could help you adjust and make a new and better trading strategy. Comparing it could help you see what could be the downside of your trading strategy and know why the latter is moving differently. You can also take some tips and learnings from others and apply or add it to your strategy so that yours will be effective more than before. But upon doing so, it still important that you analyze other strategies cause those might not be applicable for you and ineffective and lead you to have losses. Study the market, study the movement of the market and analyze whether to apply or not trading strategies that you're comparing, will it be good or bad for your trading.Are You all also comparing your trading ideas with other traders ? Mby with some ''pro'' trader TA and signals ?
I have been doing that and the outcome is really good. I feel more comfortable to enter trade, if im able to check bunch of trader ideas + learn something new.
Before I started to compare and check other trade ideas , i was failuring quite often - either I didnt enter trade, as i was not sure about right way or it was completely wrong and trade went to the opposite way.
So after few failures I did join one of ''signal groups'', of course it failed as well , as provided signal results in FREE channel where fake and signals + TA in VIP, was just total waste.
After some time i found leakers , for the same price what i paid to one group - now i have 70 or even more, didnt count. Entered them only because i saw TRIAL , and deam... there was so much information, TA , ideas and much more, that after trial i joined them for 1 year memebrship. And im happy that I found invite to their server , somewhere in bitcon forum.
Now im comparing my trade ideas with many TOP trader TA, signals and their thoughts. Im not following any signal what they offer , im just there to compare and learn something new - they even have many leaked trading courses, found them very useful. But I know guys in their chat , that follows signals even on blind , with no knowlege in crypto - and even they are making profit on trades + some of them buy their copy trader and just forget about crypto for month and then check their profit in binance or bitmex. Planing to try their bot as well, as im going to vacation - so will rest from everything.
Let me know, if You are also comparing trade ideas with others and where?
If you want to know the place where I brainstorm ideas , then here is invite to their server : You can get free trial: https://discord.gg/3XcGV6N
Good Luck in trades!
It's been a decade since Bitcoin emerged as a decentralized digital currency for the people. While it's no secret that Bitcoin and other cryptocurrrencies have some drawbacks, they're still a great alternative to Fiat when it comes to making payments without a centralized entity in charge of our funds.
With latest advancements such as DAGs, smart contracts, Layer-Two scaling solutions, Dandelion Protocol, Zero Knowledge Proofs, and more, it's becoming more evident that crypto will someday replace traditional payment processors like PayPal, Apple Pay, and Android Pay. Yet, Blockchain technology is still struggling with user adoption and regulatory compliance.
Nonetheless, do you believe that there's hope for Bitcoin to beat traditional payment processors or will those same payment processors adapt to the Blockchain in the future?
Not taking sides so I think both bitcoin beating traditional payment processors and payment processors adapt blockchain technology has the potential of taking their places in the future. If people behind blockchain will make a move to trigger or enlighten people about bitcoin the massive adoption of using blockchain will happen and replacing traditional payment processors will be possible, if and only if a massive adoption will occur, as massive as fiat's widespread adoption and usage. Meanwhile, talking about payment processors adapt to the blockchain in the future is also depends on the people behind payment processors if they will let being traditional put them into bankruptcy.With latest advancements such as DAGs, smart contracts, Layer-Two scaling solutions, Dandelion Protocol, Zero Knowledge Proofs, and more, it's becoming more evident that crypto will someday replace traditional payment processors like PayPal, Apple Pay, and Android Pay. Yet, Blockchain technology is still struggling with user adoption and regulatory compliance.
Nonetheless, do you believe that there's hope for Bitcoin to beat traditional payment processors or will those same payment processors adapt to the Blockchain in the future?
I always feel that it's very intense to trade. I have been trading crypto for two years now, but find it's still difficult to get used to all the constant price fluctuation.
I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless
For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview. I don't think I am allowed yet to post pics on this forum, but you can check it out the big difference here:
What do you think? Do you have some more tricks you use against these emotions?
Also, it was the first post I made on Steemit so far, I'm very open to hear any feedback about it!
Being too emotional is of all things, what you need to avoid if you're gonna enter crypto space. The market's movement can sometimes be so crazy and unexpected that it might trigger you to panic because of the cryptocurrencies price that moves up and sometimes very low. Now we know that we can't control what happens but we can control how we react to things that are happening, and even if we can't control the crypto space's movement and situation, we can still affect the market's movement through any impulsive decisions we could make out of being too emotional and being swayed by it.I decided to write an article about this topic, including solutions to make sure your trading becomes more rational: https://steemit.com/cryptocurrency/@wickcrypto/an-emotional-guide-to-crypto-trading-why-paper-trading-is-useless
For example, using some simple tricks you can remove a lot of the emotion out of your trading. I trick that helped a lot was as simple as changing your color scheme in Tradingview. I don't think I am allowed yet to post pics on this forum, but you can check it out the big difference here:
What do you think? Do you have some more tricks you use against these emotions?
Also, it was the first post I made on Steemit so far, I'm very open to hear any feedback about it!
Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.
However, how painful is it to watch bitcoin price plummet?
April 1st signaled the start of what seemed would be yet another bull run however, the rally seems to have been cut short without getting close to the all-time high.
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?
However, how painful is it to watch bitcoin price plummet?
April 1st signaled the start of what seemed would be yet another bull run however, the rally seems to have been cut short without getting close to the all-time high.
What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?
Re: Panic selling and postpone from trading, which one is the worse one?
The dynamic situation of cryptocurrency these days in general responded by three ways: selling panicly with the risk of cut-loss in order to save the remaining assets from more fallen, hold the assets and playing save by not doing any trading activities, and view the phenomenon as a diamond chance then buying coins in huge amounts of investments while the prices are low. Of course, those three ways are logically humane and each has their own pluses and minuses.
I am intrigued upon the first two: panic selling and postponing from trading.
On doing panic selling, ones tend to sell their assets in the price lower than in the actual price. The main goal is to sell their coins faster to save themselves from the worse situation, without consideration upon the impact of their behaviour towards the market in general.
Meanwhile, ones could also hold their assests and postpone from doing any trading activities, in order to keep their assets safe and even maybe went on hiatus from digital assets bussiness while waiting for the bullish days to be back. They don't want to sell their assets in low price, but the act of not doing any trading is logically also has impact in general. At least, it is contributing on slower the trading traffic.
In your opinion, which one is the worse way among the two?
Panic selling is the worse thing someone could do out of impulsiveness and emotions. They might sell their assets with a price lower than its buying price just so they can avoid much worse situations without doing some critical thinking. They tend to lost sight of the bigger picture and massive impact of their actions. It's much worse because his action won't just affect him but he will contribute to the market's movement in general. So, of all things, when people are trading tbey should also train theirselves not to be easily driven by their emotions, because emotion is of all things the most destructive in any ways, patience, practicality and calmness should always win over emotions.I am intrigued upon the first two: panic selling and postponing from trading.
On doing panic selling, ones tend to sell their assets in the price lower than in the actual price. The main goal is to sell their coins faster to save themselves from the worse situation, without consideration upon the impact of their behaviour towards the market in general.
Meanwhile, ones could also hold their assests and postpone from doing any trading activities, in order to keep their assets safe and even maybe went on hiatus from digital assets bussiness while waiting for the bullish days to be back. They don't want to sell their assets in low price, but the act of not doing any trading is logically also has impact in general. At least, it is contributing on slower the trading traffic.
In your opinion, which one is the worse way among the two?
There are two primary methods used to make investment decisions:
Fundamental analysis involves analyzing a companys financial statements to determine the fair value of the business
Technical analysis attempts to understand the market sentiment behind price trends by looking for patterns and trends to determine future price movements.
The price of an asset reflects the sum total knowledge of all market participants; their analysis, views and actions.
What is Technical Analysis?
Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset.
Technical Analysis can be applied to any security with historical trading data such as cryptocurrencies, forex, commodities and stocks.
Why does Technical Analysis work?
A chart of prices and volume represents all the past decisions taken by market participants (buying and selling). This information will, in turn, affect future participant decisions in two ways:
Psychological: What you did in the past affects how you approach future situations. For example, many traders tend to focus on the price at which they bought an asset, and if it declines, they want to sell when it reaches break-even again.
Reflexive: Some traders identify trends and chart patterns which are common, and act accordingly (buying or selling). If a sufficient number of participants follow the same strategy, it is expected that these chart patterns will follow the expected outcome and that the trend will likely to be sustained by more and more participants joining the trend.
What are trends?
There are three possible trends:
1.Uptrend: In an uptrend, the asset is going up making, higher highs and higher lows.
2.Downtrend: In a downtrend, the asset is going down making, lower highs and lower lows.
3.Sideways trend: In a sideways trend the asset trades in a horizontal channel
Sometimes traders also use the terms Bearish and Bullish to refer to a trend. Bullish comes from the bull, who strikes upwards with its horns, thus pushing prices higher and bearish comes from the bear, who strikes downward with its paws, thus driving prices down.
What are resistance & support?
Movements are not linear, the price will face resistance as it goes up or support as it goes down.
Resistance: A level where an uptrend can be expected to pause or rebound that indicates a concentration of sellers.
Support: A level where a downtrend can be expected to pause or rebound due to a concentration of buyers.
When the resistance level is broken it usually becomes a support level and vice versa.
In technical analysis, support is often used as an entry point and resistance as an exit point. In the case of strong trends, the price can go through support/resistance without stopping.
Advanced Technical AnalysisTools
If youd like to go one step further in your analysis, heres what analysts often look at:
OHLC Charts (Open-High-Low-Close):
These charts display bars that are known as candlesticks. A candlestick's shape varies based on the relationship between the day's high, low, opening and closing prices.
Bullish candle (can be green or white): The close is above the opening
Bearish candle (can be red or black): The close is below the opening
Candlestick charting is based on a technique developed in Japan in the 1700s for tracking the price of rice but a suitable technique for trading any liquid financial asset. Candlestick can be studied individually (simple patterns) but more often used in groups (Complex patterns). The purpose of Candlestick charting is to determine the market trend.
Simple moving average
An average of the closing price of the stock over a specified number of period.
Bollinger Bands
Bollinger Bands display a graphical band (the envelope) with a simple moving average in the middle. The width of the envelope expresses the volatility.
Volatility refers to the rate at which the price of an asset can increase or decrease. A higher volatility means that the asset can potentially fluctuate rapidly within a larger range of value.
When the price moves away from the average, it is likely to have a mean reversion. Just like a spring that tends to return to its position of equilibrium, the more it is stretched, the greater the force.
Moving Average Convergence Divergence (MACD)
Moving Average Convergence Divergence (or MACD) is a trend following indicator that looks at the combination of two moving averages:
-A short-term moving average
-A long-term moving average
These two moving averages are combined to identify what is the current trend and if there is a change in the momentum.
The MACD lines displayed below can be interpreted as follows:
-If the blue line (MACD line) is above the orange line (Signal line), the momentum is bullish.
-On the contrary, if the blue line is below the orange line, the momentum is bearish.
-When the lines diverge, it denotes a strengthening of the current trend while a convergence shows a trend reversal.
-When the lines cross, it is likely that the change in momentum is confirmed.
How news can affect asset prices?
One of the most effective means of influencing the public is media. Breaking news and headlines may instill panic and fear in a mass manner, as well as euphoria. The impact of news on the cryptocurrency market is perfectly illustrated by the high-profile events in the world. In September 2017, the Chinese authorities have banned ICO which led to the collapse of the bitcoin price from $ 5000 to $ 3000. However, there is always another side of the coin, Bitcoin spiked when eBay and Dell said they considered accepting Bitcoin.
Article Source: https://www.swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies
This article would be very helpful for both newbie and long time traders and investors for they will be able to familiarize themselves with technical analysis, and aside from that they will be able to know whether to apply and use it for taking their trades into places. But still, Technical analysis aren't always reliable, studying all types of analysis like fundamental analysis and sentimental analysis, what differs them and what they think will be effective for them. Technical analysis and all, but their ability to weigh things and control their decisions will be the one who will drive the future of their.Fundamental analysis involves analyzing a companys financial statements to determine the fair value of the business
Technical analysis attempts to understand the market sentiment behind price trends by looking for patterns and trends to determine future price movements.
The price of an asset reflects the sum total knowledge of all market participants; their analysis, views and actions.
What is Technical Analysis?
Technical analysis is the study of statistical trends, collected from historical price and volume data, to identify opportunities for trade. Technical analysts observe patterns of price movements, trading signal and other analytical tools to evaluate the strength and weakness of an asset.
Technical Analysis can be applied to any security with historical trading data such as cryptocurrencies, forex, commodities and stocks.
Why does Technical Analysis work?
A chart of prices and volume represents all the past decisions taken by market participants (buying and selling). This information will, in turn, affect future participant decisions in two ways:
Psychological: What you did in the past affects how you approach future situations. For example, many traders tend to focus on the price at which they bought an asset, and if it declines, they want to sell when it reaches break-even again.
Reflexive: Some traders identify trends and chart patterns which are common, and act accordingly (buying or selling). If a sufficient number of participants follow the same strategy, it is expected that these chart patterns will follow the expected outcome and that the trend will likely to be sustained by more and more participants joining the trend.
What are trends?
There are three possible trends:
1.Uptrend: In an uptrend, the asset is going up making, higher highs and higher lows.
2.Downtrend: In a downtrend, the asset is going down making, lower highs and lower lows.
3.Sideways trend: In a sideways trend the asset trades in a horizontal channel
Sometimes traders also use the terms Bearish and Bullish to refer to a trend. Bullish comes from the bull, who strikes upwards with its horns, thus pushing prices higher and bearish comes from the bear, who strikes downward with its paws, thus driving prices down.
What are resistance & support?
Movements are not linear, the price will face resistance as it goes up or support as it goes down.
Resistance: A level where an uptrend can be expected to pause or rebound that indicates a concentration of sellers.
Support: A level where a downtrend can be expected to pause or rebound due to a concentration of buyers.
When the resistance level is broken it usually becomes a support level and vice versa.
In technical analysis, support is often used as an entry point and resistance as an exit point. In the case of strong trends, the price can go through support/resistance without stopping.
Advanced Technical AnalysisTools
If youd like to go one step further in your analysis, heres what analysts often look at:
OHLC Charts (Open-High-Low-Close):
These charts display bars that are known as candlesticks. A candlestick's shape varies based on the relationship between the day's high, low, opening and closing prices.
Bullish candle (can be green or white): The close is above the opening
Bearish candle (can be red or black): The close is below the opening
Candlestick charting is based on a technique developed in Japan in the 1700s for tracking the price of rice but a suitable technique for trading any liquid financial asset. Candlestick can be studied individually (simple patterns) but more often used in groups (Complex patterns). The purpose of Candlestick charting is to determine the market trend.
Simple moving average
An average of the closing price of the stock over a specified number of period.
Bollinger Bands
Bollinger Bands display a graphical band (the envelope) with a simple moving average in the middle. The width of the envelope expresses the volatility.
Volatility refers to the rate at which the price of an asset can increase or decrease. A higher volatility means that the asset can potentially fluctuate rapidly within a larger range of value.
When the price moves away from the average, it is likely to have a mean reversion. Just like a spring that tends to return to its position of equilibrium, the more it is stretched, the greater the force.
Moving Average Convergence Divergence (MACD)
Moving Average Convergence Divergence (or MACD) is a trend following indicator that looks at the combination of two moving averages:
-A short-term moving average
-A long-term moving average
These two moving averages are combined to identify what is the current trend and if there is a change in the momentum.
The MACD lines displayed below can be interpreted as follows:
-If the blue line (MACD line) is above the orange line (Signal line), the momentum is bullish.
-On the contrary, if the blue line is below the orange line, the momentum is bearish.
-When the lines diverge, it denotes a strengthening of the current trend while a convergence shows a trend reversal.
-When the lines cross, it is likely that the change in momentum is confirmed.
How news can affect asset prices?
One of the most effective means of influencing the public is media. Breaking news and headlines may instill panic and fear in a mass manner, as well as euphoria. The impact of news on the cryptocurrency market is perfectly illustrated by the high-profile events in the world. In September 2017, the Chinese authorities have banned ICO which led to the collapse of the bitcoin price from $ 5000 to $ 3000. However, there is always another side of the coin, Bitcoin spiked when eBay and Dell said they considered accepting Bitcoin.
Article Source: https://www.swissborg.com/blog/how-to-apply-technical-analysis-to-cryptocurrencies
Re: Dealing with cryptocurrency (in my country) isn't easy as I thought
Today, while I was surfing through the forum, I came across a post in which someone complained about bitcointalk.org not loading in Turkey. Under his post were several replies that explained that the site happens to be blocked by some internet service providers (which is sad).
A few days ago, I made a post in which I asked "What have you done to promote the Blockchain technology & cryptocurrencies?".
I went through several replies which were pleasing and supportive to the Blockchain technology. Amongst them, someone said that he wore bitcoin shirts around (an ideology I really admire). Another said that he created a facebook page (also interesting).
Just recently, I saw a complain from someone in my country. According to the screenshot which contained a mail from his bank, it said that his bank account has been frozen because they found out that it has something to do with virtual trading (cryptocurrency). Not only was I surprised, I was provoked. You know, one of my plans was to buy numerous Bitcoin and Ethereum polo shirt and wear them (to help promote). However, as it stands right now, I'm afraid I can't do that because I could be held as a user of cryptocurrency. Though this isn't any easy, I'll still keep trying what I can to spread the word. The Blockchain technology gospel must be heard!!!
Despite of us being a crypto enthusiast and accepting, there are still countries that doesn't accept bitcoin or the whole variety of cryptography in their economy to the point that they prohibit their county people to use it. Some legalized and are actually using it for their transactions like in Singapore, Japan, Philippines, Morocco, U.S, Argentina, Lebanon, Turkey, UAE and many more. And if there are those who accepted it, there are also some who don't, they either legalize or banned it some of those countries are Algeria, Bolivia, Ecuador, Bangladesh, Nepal, and macedonia. It's so unfortunate of you for you might be in the said country who didn't legalize or had it banned.A few days ago, I made a post in which I asked "What have you done to promote the Blockchain technology & cryptocurrencies?".
I went through several replies which were pleasing and supportive to the Blockchain technology. Amongst them, someone said that he wore bitcoin shirts around (an ideology I really admire). Another said that he created a facebook page (also interesting).
Just recently, I saw a complain from someone in my country. According to the screenshot which contained a mail from his bank, it said that his bank account has been frozen because they found out that it has something to do with virtual trading (cryptocurrency). Not only was I surprised, I was provoked. You know, one of my plans was to buy numerous Bitcoin and Ethereum polo shirt and wear them (to help promote). However, as it stands right now, I'm afraid I can't do that because I could be held as a user of cryptocurrency. Though this isn't any easy, I'll still keep trying what I can to spread the word. The Blockchain technology gospel must be heard!!!
Re: The Obvious Manipulation and the idiots with their technical analysis getting
The Obvious Manipulation and the idiots with their technical analysis getting excited over nothing
It is so obvious that some kind of manipulation is choking the potential price increases of all cryptos. So what is the point of all youtube vids, reddit threads, telegram announcements about new developments. Price will hardly increase anymore.
Those bastards have done it and are weakening the potential gains investors could have.
I don't how people who already entered crypto space be manipulated easily, but maybe it's because they kept letting them self be swayed by news and keeping their hopes higher than the price increase they are longing for. Relying on technical analysis only and not weighing things carefully coukd really lead to manipulation like this. Technical analysis isn't bad but u can't just rely on it only, you still need to have the ability to know what to do, what to believe, when to believe, when to make a move and control your feelings and not get ao hyped and excited so that u won't do any impulsive decisions.It is so obvious that some kind of manipulation is choking the potential price increases of all cryptos. So what is the point of all youtube vids, reddit threads, telegram announcements about new developments. Price will hardly increase anymore.
Those bastards have done it and are weakening the potential gains investors could have.
Re: Statistics: Geez, I thought there were more females in bitcoin community
According to Google Analytics, calculated by https://coin.dance/stats,
Bitcoin Community Engagement by Gender is 90 percent male, and 10 percent female.
I know some females on Telegram, but then, you can never be sure because it is Telegram
What is your experience like when it comes to gender in this community?
And here is Bitcoin Community Engagement by Age (18+ only)
Mostly 24-35-year-olds (48%), followed by 35-44 (28%). Then 18-24 (9.34%) and 45-54 came (9.6%).
So the age seems to be showing normal distribution around 24-35-year-olds skewed to the right side.
If you are too young or too old, you are one of the extremes.
That's natural because most of the position that is related to business, trading and such are usually held by men. Factors might be, it is natural and is already in the culture to have boys in business field making them have the highest chance of being exposed to bitcoin. But on tbe other hand, statistics doesn't guarantee the reliability of the data they got because they only had few and chosen respondents for the reference of their chart. They might have missed or maybe some have faked their genders for identity anonymity or privacy purposes. The gender doesn't count on what's important in the crypto space tho. At the end of the day it's the strategy, intelligence and practicality that counts.Bitcoin Community Engagement by Gender is 90 percent male, and 10 percent female.
I know some females on Telegram, but then, you can never be sure because it is Telegram
What is your experience like when it comes to gender in this community?
And here is Bitcoin Community Engagement by Age (18+ only)
Mostly 24-35-year-olds (48%), followed by 35-44 (28%). Then 18-24 (9.34%) and 45-54 came (9.6%).
So the age seems to be showing normal distribution around 24-35-year-olds skewed to the right side.
If you are too young or too old, you are one of the extremes.
Re: Bitcoin is now Among The Top 30 Currencies in The Entire World
Bitcoin is now Among The Top 30 Currencies in The Entire World!!!
READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/
This is a personal blog and is opinionated, and everyone is entitled with their oponion, its just that, maybe at least we base things to facts before stating things like this. But, although this is a personal opinion, statistics also showed that btc is at top 37th place of currencies in the world, although not at exact 30th place, its still not surprising that it has the certain place in the world currencies because of its popularity and widespread use. Another factor of it could be the dominace of bitcoin in crypto space and the latter being entitled as the "King of cryptocurrency" because of its unshaken place inside the cryptoworld, making it the most used and chosen cryptocurrency.READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/
From my last post about Bitcoin investment, following the valuable contributions of members of the forum, I learnt that Bitcoin investment is not just something that blossoms in a few days, rather it takes patience.
That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
Bitcoin contributing to the future especially in cryptocurrency isn't impossible to happen for there are continuous emergence and adoption of bitcoin around the world. Although its a slow-pace ride in reaching massive adoption, we should have patience and faith that one day it would. Lots of bitcoin or cryptography related innovations has been emerging together with the technology's emergence. That gave rise to my new topic.
Bitcoin isn't just an investment, but it is the future...
Let's all share our thoughts about this, in order to encourage ourselves and build a stronger community of users.
So, Mixers provide service of shuffling bitcoins or provide addresses loaded with bitcoins along with private keys. In short, they provide service so to create anonymity between sender's and receiver's address so that no one can trace the transaction.
My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
Mixers guarantees anonimity of the trader's address both the reciever and sender by breaking the links of both addresses making them essentially untraceable. Meanwhile, exchange requires log data, so if unfortunately the exchange got hacked and entered by hacker obviously your data will be put at an abvious risk including your bitcoin and the transactions that was supposed to be private. So why use mixers instead of exchange? It is simply because of the guaranteed anonimity of my identity, transactions, and address.My question is why not use Exchanges? When we deposit funds on exchange, bitcoins get deposited on exchange's cold wallet. But when we withdraw funds, withdraw gets processed from exchange's hot wallet. So in short, it is very easy to do anonymous transfer by depositing funds on exchange and withdrawing to other addresses. Why to pay 1-3% fees on Mixers when it could be done for much less on Exchanges. Exchanges like Binance charge just 0.0005 BTC to process withdrawals.
As per the latest, Google has reached Quantum Supremacy. Meaning it could potentially decode an entire blockchain and...
YOUR PRIVATE KEYS...
Blockchains are secured through elliptic curve cryptography (ECC), just like encrypted user data and website traffic. Now the issue is that ECC is NOT "quantum-safe" meaning that a quantum computer could theoretically decrypt a user's private keys and forge transaction signatures.
Is this the end of Crypto?
I don't think so, but I'd love to hear your opinions too! (Especially the opinion of a cryptographer)
source https://www.coindesk.com/what-googles-quantum-supremacy-means-for-the-future-of-cryptocurrency
Quantum computings biggest rumored ace against bitcoin is its ability to break a blockchain encryption and might expose private keys that could mess up everything in crypto world. But blockchain news keeps on assuring that released versions of quantum computing can't break blockchain. Although existing versions of quantum computing doesn't have the latter ability, crypto space should get ready for one that has the ability to decrypt blockchain. In case that such events occured, that might trigger the official downfall of bitcoin if not a single move to counter the threat will be done.YOUR PRIVATE KEYS...
Blockchains are secured through elliptic curve cryptography (ECC), just like encrypted user data and website traffic. Now the issue is that ECC is NOT "quantum-safe" meaning that a quantum computer could theoretically decrypt a user's private keys and forge transaction signatures.
Is this the end of Crypto?
I don't think so, but I'd love to hear your opinions too! (Especially the opinion of a cryptographer)
source https://www.coindesk.com/what-googles-quantum-supremacy-means-for-the-future-of-cryptocurrency
I would love to have a general conversation around mixers and if they are legal. I've heard both sides. Would be great to have someone involved in the legal side of things like Ciphertrace or a regulator to shed light on this topic
Mixers' are the one who breaks the link of your old address and new address, your old address are associated the address where you first bought your bitcoin. The main essence of mixer it for your address not to be traceable. And yes, bitcoin mixer is legal, it's legality will be questioned according to how the user will use it cause there are instances where mixer is being used for doing illegal transactions so that the doer won't be traced.I see many users talking about how USA government and Trump declared a war against Bitcoin! No, they didn't. Listen their message again! They declared a war against the criminals who are using bitcoin for illegal activities. A huge difference! This will be a good thing in the longterm. So stop spreading this fud cuz of wrong interpretation. Many big players already know that dollar is dying. They know that dollar can't survive for a long time. As the dollar collapses in the near or middterm future, bitcoin will rise and rise enormously. They know that. They also know that the trigger for all of this could be the next major financial crisis where a lot of funds will go to gold and bitcoin. But because bitcoin is a low marketcap compared to gold, it will rise much more than gold. They know that and they will try to regulate it but they cannot stop it. They (USA Congress) already admited that bitcoin is unstoppable. No one can stop it. If you can't win them, join them. So eventually everyone will join bitcoin in the future.
Spreading fuz like this will really put a comotion in crypto space, it might also trigger a panic to bitcoin users, investors, and traders. It's always the fact checking that people need before spreading rumors as big deal as this for it can have an unpleasant result. The US government has enough reasons to declare war against those criminals who are using bitcoin illegally, since bitcoin could be a good tool for doing illegal things especially for transactions for the address that users will use are encrypted and won't be traced back to them.Re: The Latest Crypto Price Dip Is Fueled By Fake News Relating to Quantum Computers
Quote
Google Claims Quantum Supremacy, Marking a Major Milestone in Computing
In what may be a huge milestone in computing, Google says it has achieved "quantum supremacy," an experimental demonstration of the superiority of a quantum computer over a traditional one.
The claim, made in a new scientific paper, is the most serious indication yet that the promise of quantum computersan emerging but unproven type of machineis becoming reality, including their potential to solve formerly ungraspable mathematical problems.
Essentially, Google purports to have pulled off a stunt on a quantum computer that no classical machinenot even the world's most powerful supercomputercan replicate.
Fortune obtained a copy of Google's paper, which was posted to NASA.gov earlier this week before being taken down. The Financial Times first reported the news.
A Google spokesperson declined to confirm the authenticity of the paper and its results. NASA did not respond immediately to a request for comment.
A source at Google familiar with the situation suggested, however, that NASA accidentally published the paper early, before its team's claims could be thoroughly vetted through scientific peer review, a process that could take anywhere from weeks to months.
If the paper holds up under the scrutiny of the scientific community, it will herald a watershed moment in quantum science. Its central claim counters doubt that some unforeseen law of nature may prevent quantum computers from operating as hoped.
"Quantum speedup is achievable in a real-world system and is not precluded by any hidden physical laws," the Google researchers write.
Further, they predict that quantum computing power will "grow at a double exponential rate," besting even the exponential rate that defined Moore's Law, a trend that observed traditional computing power to double roughly every two years.
The experiment
The experiment described in the paper sampled randomly generated numbers produced through a specialized scenario involving quantum phenomena. The researchers said they determined that their quantum computer beat regular computers at the task, which involved calculating the output of certain specialized circuits.
"While our processor takes about 200 seconds to sample one instance of the quantum circuit 1 million times, a state-of-the-art supercomputer would require approximately 10,000 years to perform the equivalent task," the researchers said.
Google's quantum computer, dubbed "Sycamore," contained 53-qubits, or "quantum bits," a measure of the machine's potential power. The team scaled back from a 72-qubit device, dubbed "Bristlecone," it had previously designed.
The researchers estimate that performing the same experiment on a Google Cloud server would take 50 trillion hourstoo long to be feasible. On the quantum processor, it took only 30 seconds, they said.
"Quantum processors based on superconducting qubits can now perform computations...beyond the reach of the fastest classical supercomputers available today," the researchers write. "To our knowledge, this experiment marks the first computation that can only be performed on a quantum processor."
Outlook
Businesses are hoping the advancement of quantum computersby tech giants such as Google, IBM, and Intel, as well as startups such as Rigetti Computingwill lead to unprecedented scientific and technical breakthroughs in the coming years. They're eyeing applications from new chemical reactions for the development of drugs, fertilizers, and batteries, to the improvement of optimization algorithms and mathematical modeling.
As exciting as Google's result is, other researchers caution against overhyping it, fearing that inflated expectations of imminent advances will lead to a popped bubble.
Dario Gil, head of IBM Research, advises against using quantum supremacy as a metric with which to measure progress in the field. "The experiment and the 'supremacy' term will be misunderstood by nearly all," he told Fortune.
Gil described the experiment as a highly special case "laboratory experiment" that has "no practical applications." He added, "Quantum computers will never reign 'supreme' over classical computers, but will rather work in concert with them, since each have their unique strengths."
Jim Clarke, Intel Labs' director of quantum hardware, called Google's update "a notable mile marker." He said that "a commercially viable quantum computer will require" many R&D advancements before becoming a reality.
"While development is still at mile one of this marathon, we strongly believe in the potential of this technology," Clarke added.
The Google team, which first wrote about their goal in a Nature article two years ago, appears to be more hopeful about the short-term prospects of its findings. "As a result of these developments, quantum computing is transitioning from a research topic to a technology that unlocks new computational capabilities," the researchers write.
"We are only one creative algorithm away from valuable near-term applications."
https://fortune.com/2019/09/20/google-claims-quantum-supremacy/
In what may be a huge milestone in computing, Google says it has achieved "quantum supremacy," an experimental demonstration of the superiority of a quantum computer over a traditional one.
The claim, made in a new scientific paper, is the most serious indication yet that the promise of quantum computersan emerging but unproven type of machineis becoming reality, including their potential to solve formerly ungraspable mathematical problems.
Essentially, Google purports to have pulled off a stunt on a quantum computer that no classical machinenot even the world's most powerful supercomputercan replicate.
Fortune obtained a copy of Google's paper, which was posted to NASA.gov earlier this week before being taken down. The Financial Times first reported the news.
A Google spokesperson declined to confirm the authenticity of the paper and its results. NASA did not respond immediately to a request for comment.
A source at Google familiar with the situation suggested, however, that NASA accidentally published the paper early, before its team's claims could be thoroughly vetted through scientific peer review, a process that could take anywhere from weeks to months.
If the paper holds up under the scrutiny of the scientific community, it will herald a watershed moment in quantum science. Its central claim counters doubt that some unforeseen law of nature may prevent quantum computers from operating as hoped.
"Quantum speedup is achievable in a real-world system and is not precluded by any hidden physical laws," the Google researchers write.
Further, they predict that quantum computing power will "grow at a double exponential rate," besting even the exponential rate that defined Moore's Law, a trend that observed traditional computing power to double roughly every two years.
The experiment
The experiment described in the paper sampled randomly generated numbers produced through a specialized scenario involving quantum phenomena. The researchers said they determined that their quantum computer beat regular computers at the task, which involved calculating the output of certain specialized circuits.
"While our processor takes about 200 seconds to sample one instance of the quantum circuit 1 million times, a state-of-the-art supercomputer would require approximately 10,000 years to perform the equivalent task," the researchers said.
Google's quantum computer, dubbed "Sycamore," contained 53-qubits, or "quantum bits," a measure of the machine's potential power. The team scaled back from a 72-qubit device, dubbed "Bristlecone," it had previously designed.
The researchers estimate that performing the same experiment on a Google Cloud server would take 50 trillion hourstoo long to be feasible. On the quantum processor, it took only 30 seconds, they said.
"Quantum processors based on superconducting qubits can now perform computations...beyond the reach of the fastest classical supercomputers available today," the researchers write. "To our knowledge, this experiment marks the first computation that can only be performed on a quantum processor."
Outlook
Businesses are hoping the advancement of quantum computersby tech giants such as Google, IBM, and Intel, as well as startups such as Rigetti Computingwill lead to unprecedented scientific and technical breakthroughs in the coming years. They're eyeing applications from new chemical reactions for the development of drugs, fertilizers, and batteries, to the improvement of optimization algorithms and mathematical modeling.
As exciting as Google's result is, other researchers caution against overhyping it, fearing that inflated expectations of imminent advances will lead to a popped bubble.
Dario Gil, head of IBM Research, advises against using quantum supremacy as a metric with which to measure progress in the field. "The experiment and the 'supremacy' term will be misunderstood by nearly all," he told Fortune.
Gil described the experiment as a highly special case "laboratory experiment" that has "no practical applications." He added, "Quantum computers will never reign 'supreme' over classical computers, but will rather work in concert with them, since each have their unique strengths."
Jim Clarke, Intel Labs' director of quantum hardware, called Google's update "a notable mile marker." He said that "a commercially viable quantum computer will require" many R&D advancements before becoming a reality.
"While development is still at mile one of this marathon, we strongly believe in the potential of this technology," Clarke added.
The Google team, which first wrote about their goal in a Nature article two years ago, appears to be more hopeful about the short-term prospects of its findings. "As a result of these developments, quantum computing is transitioning from a research topic to a technology that unlocks new computational capabilities," the researchers write.
"We are only one creative algorithm away from valuable near-term applications."
https://fortune.com/2019/09/20/google-claims-quantum-supremacy/
....
Google claims they achieved "landmark success" with quantum computers which could break the encryption protecting crypto currencies like bitcoin within the near future. Not only are these claims dubious and ambiguous in nature. They are also unverified and not yet subject to peer review. The claims are also likely to be very misleading as mentioned by Dario Gil in the last bolded quotation in the article.
I don't know how long it will take for the general public to catch on to this news story being a likely fabrication and embellishment. Previous news stories about the price of bitcoin being "artificially manipulated" by tether were by all indications smear pieces published to satisfy political agendas in undermining the public's trust in crypto. As were many other hit pieces published by the media which has typically revealed an unfair bias and prejudice against bitcoin and crypto in general.
FT.com the website on which this news story was 1st published also has a terrible reputation imo in terms of them being one of the worst media outlets for reporting on finance.
But I couldn't agree that this news fueled the latest crypto price dip because it was posted few days ago, the dip was due to the BAKKT hype and the altcoins but completely doesn't have anything to do with this news.
hi traders i am sharing my mistakes and experience so that it will help you
here are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
I agree with this and I think this would be very helpful especially for beginners. But of all things, I think deeply knowing to trade and what you're about to trade is the most important. You need to understand how things work, what to do and what not to do so you can avoid any misconceptions and also make sure that you only give what you can afford to lose. Stay cautious so people and scammers won't be able to outsmart you. And lastly, listen to professionals and learn from their mistakeshere are the mistakes i did and the with experience i got answers to my mistakes
1) dont (care or think) too much about your money while trading this will reduce your confidence and make our decisions to reverse
and put money which you dont need
2) learn about money management (i know you might have heard about this many times , this is a huge topic to explain )
in short
remember trading and investing is a business, you have to risk something to gain something ,
so here is what you can do , risk is in your hand and you dont know how much rewards you will get so all you can do is control your risk , so calculate your risks and then enter trades and wait with patience
at first your goal must be to protect your capital , and then protect your profits , dont risk everything
3) Do not get panic by watching others analysis , remember panic is not good for trading, be confident with your analysis
4) if you have got good profits then keep it as a back up capital , when there are bad days if you lose your capital this back up capital will help you
5) dont trade if markets are too much volatile , no trade is also a trade , relax on that days watch some comedy films
6) dont ever think to recover your losses , or trade against
7) if you have entered trade by calculating risk then dont exit in middle wait for your targets , fluctuations are common
8 ) one of my friend told me this --- to keep track of trades
like why we lost that trade , why that trade reached its target,keep a record of this and just go through this when you are free trust me it will help too much
9) everyday you will not be profitable so set a limit for loss everyday if it is reached than stop trading ( i have lost money before without doing this )
10) If your finger is stuck somewhere, in real life you must think to get your finger out of there , but in trading if your finger(trade) is stuck then you must cut it and get out of that trade, because in trading finger(capital) grows back ( this i learnt by watching psychology videos )
11) I know many of you have heard this points before , but remember until you dont put your personal interest and do trading by following rules nothing will change
and success is not easy we must work-hard to achieve it
12) i am sure if you follow this rules you will see changes in your trading ,
if any experienced traders do have some points that will help traders please highlight it
13)But remember, never put your eggs in one basket, this way even if one of your investments is on a down trend, you can still recover the loss from another investment. This point by (nydiacaskey01)
In the present days the BTC market is going down and there is some fluctuation in the price but that is just to test the patience of the traders and the investors because when the big fishes wants to invest the price just go down and they buy the BTC at low price and when the market recover itself and come to the original state then they just dump the coin and make a heavy profit.
I would suggest that you keep a strong patience and set tight. Market will recover itself.
Do you think that i am right? Go ahead and share you thoughts about the current market situation and your point of view.
I've known people who keeps their patience and faith with them after the 2017 bull run, BTC market fell and their BTC slept. I think I can agree with your sentiment, its natural that bitcoin market will drop because it's not always how we think things will turn out, and just like in BTC, things won't go their way for some time too. I would suggest that you keep a strong patience and set tight. Market will recover itself.
Do you think that i am right? Go ahead and share you thoughts about the current market situation and your point of view.
Entering crypto space and choosing BTC, you should be accompanied with patience, practicality and ability to weight things. Don't enter crypto space if you get easily swayed with your emotions and makes impulsive decisions for every unfortunate event that may happen.
Is there any real Bitcoin or Other cryptocurrency Investment options?
Like a real estate Investment....
Or something like you can invest cryptocurrency in to start Up business, Not in ico or any Kind of cryptocurrency Project but Project when cryptocurrency is just used.
And what about donations? Is there any good sites about donations with cryptocurrency?
You can use bitcoin for in donating for there are lots of institutions that accept BTC, if you're that desperate to use your bitcoin in investing but can't find where to, you can exchange it into fiat and then use it. BTC's adoption isn't that large so I think looking for something like a real estate will be hard. Like a real estate Investment....
Or something like you can invest cryptocurrency in to start Up business, Not in ico or any Kind of cryptocurrency Project but Project when cryptocurrency is just used.
And what about donations? Is there any good sites about donations with cryptocurrency?
Also, bitcoin and other cryptocurrencies are legitimate investments, you'll just be needing to watch out for scams and counterfeits in crypto world cause bumping into one would be inevitable.