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Showing 20 of 1,049 results by Xising
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Board Bitcoin Discussion
Re: How big is the role of the government in the development of Bitcoin?
by
Xising
on 23/05/2019, 04:36:53 UTC
I witnessed in my country form last crypto ban ( Crypto currency became not legal tender currency anymore) . Then After i have seen lots of depreciation in market . Couldn't able to sell most of my holding . Even government started to harass crypto companies . I think government also plays major role like community . I think both plays equal role community as well as Government .

That's true, I somewhat had the same situation in my country. I think a government's role in the proliferation of cryptocurrencies in a country largely depends on its governments together with the big and trusted business that are the primary movers in one locale. I say that because a government moves and, at times, controls the mindset and thinking of people in their locality about how people should view and take on some business ventures, and that includes on their dealings with cryptocurrency. In many countries before, if their government would show some disapproval and doubts on using cryptocurrencies, many people have viewed it as somewhat a negative imagery, thus, affecting their acceptance of doing business with it. However, on the other hand, if a government openly supports cryptocurrencies, then it's a big boost for the market to be recognized in that country.
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Board Altcoin Discussion
Re: Are we in a silent bull run??
by
Xising
on 23/05/2019, 04:17:57 UTC
I ve seen many threads asking whether we are entering into a bull run or market will crash again. To me, the bull run is already here but it takes only experience to identify it. One key characteristic of the bull run is that, every drop is an opportunity to buy. During this period, the probability of earning profit from your investment (whenever there is a drop) is far higher than the probability to lose. Don't sit down and wait till Bitcoin hits 20k again before you realize we are in the bull run. Try and make enough profits now that the market is booming before its too late.

Many are afraid to invest and put in money. 2018 drove many investors and traders from the market. So of course, not everyone is ready to invest right away. Although all those who bought on the fall of the market now increased their capital. I think the market will continue to grow.

I think that fear comes from what happened in the past. History has shown time and time again how one can really get too excited with investing during this bull runs only to find out that it won't last for a substantial amount of time for them to realize their investments and to gain a return for the capital they put in. It's not easy to feel like every investment you make is like throwing out and putting money away, especially when you are talking about starting up investors who doesn't have much to spare. I think, more then being silent, they are just making sure on how they will tackle this current bull run instead of just winging it.
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Board Trading Discussion
Re: How to Think Profitably - a Trader’s Mindset
by
Xising
on 23/05/2019, 03:59:28 UTC
What’s the difference between a winning trader and a losing trader? It’s not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.

A mindset is how one perceives the world. It’s how a person absorbs the information around them, and chooses to either take action or not.

The most important mindset for a trader, new or experienced, is to consider decisions/trades/positions/investments through the lens of risk versus reward. A winning trader defines their risk and sets a target for their reward. There are lots of ways to do that, worthy of plenty Reddit posts on their own, but the critical learning is that the trader makes a plan based on solid logic, not emotion.

Once a plan is established, with a focus on risk:reward, the next piece of the mindset puzzle is sticking to the plan. This is accomplished through discipline. Only through discipline can you take your plan, and execute it over and over again so that you can measure it.

"If you can’t measure it, you can’t improve it." - Peter Drucker

The best way to measure your trading results is by keeping a trading journal. My personal journaling tool was built for Voodoo Crypto, but there are plenty of free ones if you google it. When looking for a journal or template, make sure to consider journaling both each individual trade as well as each trading session. Break down the numbers for every trade, and reflect on your performance and emotions for each session.

After the data has been analyzed and the journal reviewed, you make tweaks to your plan to attempt to maximize profitability. A winning trader understands that they don’t win every time, that losing trades is a fact of trading. However, they can answer whether they win more than they lose and have the stats to back it up.

If you want more hands on guidance and education check out Voodoo Crypto.

Good read mate, and I somehow agree. I think what this strategy likes to front is the fact that trading is a science, and so, it should be measured through terms that can be quantified. I agree on that idea because some people just like to randomly choose some coins and bet on it, without actually looking behind its history and in its background to them that idea that having to strategize to gain big through trading is possible. Many of the seasoned and successful traders have often stated that there's a lot of data gathering and appraisal that is connected with making it big with the cryptocurrency market. If one is not patient enough to do some road work, then it would be highly unlikely for them to succeed.
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Board Economics
Re: Bitcoin has no practical use and could be damaging to the economy!
by
Xising
on 23/05/2019, 03:44:48 UTC
can only give damage to the global economy.

This is where their fear is at, not that it'll spoil the economy generally but it will expose their scammy practice. They're just scared of bitcoin because it has the power to disrupt their businesses and the scam called fiat currency. I bet this was a paid article with an intention to creation FUD to their readers. He speaks about bitcoin been a currency without a country, Is he forgetting about gold or oil  we're in the information ages where the world is now connected you don't have to own anything before you can use them (just like the internet)

I think many are just not set up in the fact that cryptocurrency, or Bitcoin specifically, can crack the so called norm in the business market as a whole. I mean, if you think about it, cryptocurrency has shown that it has the capacity to compete and be able to be a game-changer in many economies all around the world and those purists that don't want to acknowledge its use can really be affected by it. I beg differ in the statement that Bitcoin has no practical use, because on the contrary, it has different alleys of usage, and people can utilize it in different means.
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Board Bitcoin Discussion
Re: What can we buy with one BTC? And is buying something with BTC worth it?
by
Xising
on 22/05/2019, 07:29:38 UTC
i have seen bitcoin mostly been used in trading investing , and gambling most of them convert to local currency , bitcoin is mostly used in online transactions , less its used in local payments , best go to Singapore there many business accepts bitcoin     

That's right to name a few; however, depending on the locality and where you're in, Bitcoin can be used to pay for goods and services, sometimes, like any other currency in the market. I think the difference with Bitcoin and other digitally converted currency or medium is the fact that people choose not to use it that way. Right now, if you would use Bitcoin or cryptocurrency as any currency out there, then it would be the weakest and simplest way to use it, which in turn, would not serve it's currency purpose, which is as an investment medium. I mean, why would you use it that way, when you can use it to work for you.
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Board Altcoin Discussion
Re: Are altcoins useless?
by
Xising
on 22/05/2019, 07:02:10 UTC
Not all altcoin is useless because in fact there are some good coin nowadays despite of this current because of being have a strong structure behind. Which is it's up to you how to choose good project because only scam project nowadays is useless and turn into shitcoin always.

I agree. Although it can be said that altcoins can't compare to Bitcoin in terms of value and in terms of popularity, there are many altcoins around the market that are still performing and are showing good trends. One good example of those coins is Ethereum. Although it has fallen from grace in the past few months, it's beginning to show good movements climbing up to 250 dollars at the moment. There are many altcoins that directly run with Bitcoin during its gains, and that gives people a good investment asset that, unlike investing in Bitcoin, would not break the bank. It's just a matter of choosing what altcoin to use because there are still good and promising ones out in the market.
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Board Trading Discussion
Re: Bull or bull trap
by
Xising
on 22/05/2019, 06:35:21 UTC
Today it looks like both to me. Either we will continue the rise to $8700 or something like that, or the market will reverse and we are going to retest some of the previous levels. You have to decide which one of these options is going to happen for yourself. I know this post of mine is of no use to you, but I myself am in the same dilemma. I just recently exited a trade I had, and now, like you, I'm wondering should I go long or short?

Just to be clear, I hope for a continuation of the bullish run.

I wouldn't say trap, because understanding that context, a trap is something that's leading you to something good on the outside, but totally different and ominous on the inside. With that definition, I wouldn't say that the current bull run can be treated as such, because in the cryptocurrency market, I can say that what you see is what you get. The value it's been running now, is not like baiting us to invest in it, only to see our investments fall apart in the end. We all know, by now, that cryptocurrencies have that trend and tendency, thus, as much as it is gaining now, we still have to plan ahead and not be complacent to be not be baited in the so called trap you're speaking of. I think, if you will stay in the comfortable place it's in right now, you would have to regret that later when it begins to wane.
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Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
Xising
on 22/05/2019, 05:57:49 UTC
Neither bitcoin nor paper money has any real value, but notes have national credit support, and what if bitcoin also gets national credit? The government will lose its macro-control policy but it can also effectively eliminate inflation, two relative ratios. Is that a good result? Of course, I know that the government is very unlikely to support bitcoin, but who knows?

If governments would do that, then that would really give cryptocurrencies a big push to be known and be embraced not only locally but globally. As governments, they are big entities that many people trust and listen to when it comes to suggesting how people should look at and appreciate a business scheme or, at least, use them as guide on how they see one asset. Remember, in the previous years, many central banks, basically the business and commerce arm of every government unit, have mixed views on how people go on with their cryptocurrency investments. Those recommendations have truly been a mover on how people have trusted and accepted cryptocurrencies. These days, as more and more countries are accepting it, it's beginning to give cryptocurrencies a positive image that people tend to accept even more so now, than before.
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Board Bitcoin Discussion
Re: What can you buy with bitcoin?
by
Xising
on 21/05/2019, 07:09:47 UTC
In our country we have our local wallet where users can directly trade fiat-bitcoin/eth/xrp/bch or vice versa. We can use it to pay bills, services, purchase goods since other merchants accept online payment, and it even use it to directly make a deposit to a bank. 

I hope as time goes by, the usage of crypto will not be limited as in we can use it to buy anything.

Well, that's what everyone is hoping for to happen in the future. For me, I think the possibility of that happening is pretty high enough basing on how popular cryptocurrency has been becoming in the past several years. I think the bigger question to consider is the establishments that would be willing to take the plunge and accept cryptocurrency as a main source of payment because it can either make or break one's business. However, I think, as more and more popular and established companies begin to accept cryptocurrencies, it would surely help the market rise up more and more and be used in a more global and wider scheme as of it is being used now.
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Board Altcoin Discussion
Re: Will Ethereum drop below $240 again do you believe?
by
Xising
on 21/05/2019, 06:53:58 UTC
Will Ethereum drop below $240 again do you believe?
Yes, I believe that it can drop below $240. What do you expect with ethereum? won't there be a chance for it to go lower? the market swings from time to time and it can go as high as possible but it can go lower than that.

We already saw it dropped up to $80 and that's totally a very disappointing moment for me. But with the good setting and trend today, it has risen back to $250 and about to reach back to $300 very soon.

Well, I would say that everything has a possibility to happen. I mean, as much as it can fall below 240 dollars, it can also climb up to as high as 300 dollars, but the big question is, how long it will take or when it will happen. Those are just several considerations one investing in the cryptocurrency market should answer and be aware of, at least, if one will be ready for all that could happen, it will be easier to set up a contingency that could really help you do your business in the market without actually having to think of losing all your investment all the time. I mean, it would really be difficult to invest and think a lot because it could be a head-buster if you would do that all the time.
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Board Trading Discussion
Re: start trading again carefully and don't be too ambitious to get big profits ...!
by
Xising
on 21/05/2019, 06:36:36 UTC
let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.

Well, when you used the operative word "again" in your thread title, I bet you have already experienced trading before and maybe have lost significantly that somewhat forced or urged you to back out and quit from the trading market. If you have mustered enough courage and capital to go at it again, I assume that you have had a lot of thinking and planning ahead before doing it all over again. I agree when you said that we should not be too ambitious because many have killed their investments by being over zealous in doing it, especially now that the market is so unpredictable on when it will gain and when it will fall. I would tell you to do more calculated risks so that you can see whether venturing in a certain coin would do you good or not without breaking the bank.
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Board Economics
Re: become rich by bitcoin.
by
Xising
on 21/05/2019, 06:20:23 UTC
worth mentioning is success becoming rich by bitcoin. is it appropriate to call success if all of that is obtained from a fraud. What do you think  Huh maybe a successful villain is the appropriate name 😅😅😅

That's possible, but only if you know what you're doing, and if you're doing your business in the right alley or department in this vast cryptocurrency market. Many people think that just investing in any sort of department in the cryptocurrency market would make it work for you, and suddenly, more like magically, would make you rich. However, that's not the case. Cryptocurrency investment is a pain in the ass in some ways, but I think, it's all worth it once you cash in. Like for example, for those people who have endured and investment during the time Bitcoin is at its lowest point, right now, I bet, they are all swimming in money due to the increase Bitcoin has gained in the past several weeks. So, having that as an example, it is surely viable to be rich in this market.
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Board Bitcoin Discussion
Re: If there is a store like Amazon or ebay that accepts only BTC would you use it?
by
Xising
on 19/05/2019, 13:55:08 UTC
Most peoples' answer to this depends on how long they've been in crypto.

If I was a brand new arrival absolutely not. Why would you? There are options that are non volatile and less hassle. Obtaining your crypto would've been a grind.

If you're sitting on a pile of free gains then why not? Time to realise them by buying some junk.

The latter are in a minority so I don't think any such place would thrive. And most of the time the existing places like this charge you more money for the honour of paying with crypto with much worse choice. I'd never take a shittier deal because of some sentimental attachment to my payment method and anyone who does is a numpty.

That is right, but I think many people will still do and actually use it to pay for goods and services just for the sheer convenience and ease of it. It is really an easy call for some, especially those who have been so used to using their credits cards. Moneyless transactions have become the norm these days, and for someone who has a substantial amount of Bitcoin to use, especially when its price becomes a tad more stable, it would be easier to use it truly as a currency like it is meant to be used.
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Topic
Board Economics
Re: Price of goods goes up, salary never goes up!!!
by
Xising
on 19/05/2019, 13:09:32 UTC
Unfortunately, that is how inflation works. The price of goods, products, and services will inevitably increase/decrease depending on the economy of the country but salary must follow to the change in order to cope for it. Applying cryptocurrencies, these can be either short/long-term investment depending on your goal. If you want your kids to benefit from this change, better save-up some bitcoins!



Not just inflation mate, there are sevral other factors that lead to why people cannot cope with the rising value of many of the muh needed goods around us. Some countries even have a steady increase at salary rates, but still, there are some people who cannot seem to get a break. I think there are two views in this, for poor or borderline poor countries, it is about the low amount of salary people have, it is just too small, but many of the companies there cannot give them more because that would put them under the bus. For richer countries, I think it is just with he way they view and spend money, they tend to spend more than they earn, but they cannot seem to see that.
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Board Bitcoin Discussion
Re: Is the Next Bitcoin Bull Run Started?
by
Xising
on 17/05/2019, 07:05:17 UTC
Right now the price is under 7300$ and earlier was over 7500$, we can't be sure 100% that a bull run already started, we need to wait more before bull run in my opinion.

Well, I agree, but since the premise of the question is if it has started, then I would say that it is. That massive gain, which it got only in a couple of days to a week is, to me, an indicator that good changes are about to happen. What's I am actually hoping for is the sustenance of that gain. Because, as we all know it by now, these gains tend to go for only a short while, then sadly but realistically, the down pour will be drastic as well that it will lose what it had gained for the previous weeks or months even faster. With that said, I think, now is a good time to plan ahead, whether to invest or to keep an eye on the gains with the plan to trade your coins out for cash once it reaches its optimal value.
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Board Altcoin Discussion
Re: Are You Happy And What Are Your Plans Next?
by
Xising
on 17/05/2019, 06:50:28 UTC
We have now seen if prices start to grow, bitcoin has price of more than $ 8k and ethereum $ 240 or maybe some of the altcoins you hold also have price increases, so do you plan to hold it all or will it sell at price now? or do you still plan to leave Crypto? or maybe you regret not buying a lot when price drop yesterday?

For now, I am happily and closely watching how some of the coins that I have held for so long have been really gaining drastically. For one, I have held Ethereum even during those times when it was falling out of luck seemingly into the abyss when it fell below $100, but now, it's playing around the $240 mark, which is a good sign, but like I said, I am closely watching because bulls and gains like what's happening now, don't really last that long. I say that so I won't just wake up one day and see that the I have been looking for to gain more have already gone on its way down. I guess, I am being positive, but ready for whatever at the same time.
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Board Trading Discussion
Re: I bet it all in bitcoin?
by
Xising
on 17/05/2019, 06:35:20 UTC
If you want big profits, you should accept big risk. Both choices can be and unfortunately, it is impossible to know which one will happen. I think it is better to try as you can risk, otherwise you may lose all your money. ''Greed is good, but when the time comes.''

That's true. For the longest time, this market has really solidified the strategy of high-risk-high-reward. If you would do the necessary leap of faith in order to make it big, then this market could surely do a lot and bless you beyond your wildest dreams. It's difficult, especially these days, in its current state, but it is still possible nonetheless. As for the question, I would say that betting majority of your coins into Bitcoin could be a good strategy; however, diversifying can also be a good strategy still, especially if what you are eyeing on are those seasoned coins that have showed many good trends in the past few weeks and months just like Ethereum. That way, you have several leads to follow and not just wait for Bitcoin all the time.
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Board Economics
Re: How can Bitcoin reduce global economic inequality?
by
Xising
on 17/05/2019, 06:19:05 UTC
Bitcoin and the whole blockchain industry offers a new way of globalization. It reduces inequality because it solves inefficiencies in the economic model that already exists. For example, the remote working model gives the opportunity to anyone that lives in countries with high unemployment rates to find a job remotely and make a living.

That's true, as one of its major characteristics. It can help close the gap and somehow bring people who have like minds closer to one another opposite from the disparity of distance that keep on hindering people from working hand in hand, especially in the global business industry. As more people are focused on their localities, cryptocurrency or Bitcoin to be specific, offers a new way for people to be able to compete even if they don't have that much to use as capital. It gives people the chance to improve on their lives by venturing in the many alleys of the cryptocurrency market that could surely affect one's life for the better, which in turn, would affect the people surround him and the locality he is in.
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Board Bitcoin Discussion
Re: Where would you like to see Bitcoin accepted?
by
Xising
on 14/05/2019, 07:14:13 UTC
In addition to the anonymous VPN, web hosting and filesharing providers mentioned before, it would be cool if some IT freelancer sites, many of which offer an escrow service, accepted BTC. Any other cool ideas?

I actually don't have any specific companies in mind, but in terms of caliber, I want Bitcoin to be accepted by good standing companies even those that are in the Fortune 500 ranks. I say that because what I aim to build with Bitcoin being accepted by those companies is the trust level of the masses that could surely help it rise to its potential even more once it hits the roof. In everything, when more and more people trust one thing, it would propel it to super stardom that would give rise for it to reach whatever potential and ceiling its aiming for.
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Board Altcoin Discussion
Re: What Will Happen To Ethereum Price in 2019?
by
Xising
on 14/05/2019, 06:57:04 UTC
The rebound by cryptocurrencies across the board since the beginning of Q2 2019 has continued. Paying attention to the significant surge in ETH price in the last few days reveals that the second ranked cryptocurrency registered an 8% rise in value in the last seven day. This has motivated participants in the crypto market to ask the question: What will happen to Ethereum price in 2019.
Read more here : https://www.cryptofish.com/blog/what-will-happen-to-ethereum-price-in-2019/

Personally, I want for it to gain its status before, specifically during the time when it held the throne as the second best coin in the market, and even had the identity of the "next Bitcoin." It has surely risen in the past several days as it climbed in more than 200 dollars in value. I think Ethereum has a good chance of climbing steadily as it has been observed that it's one of the seasoned coins that usually follow suit to Bitcoin's rise. Right now, as Bitcoin is continuously rising, I hope Ethereum would trail the same trend and rise up significantly, too.