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Showing 20 of 356 results by bitctrimor1
To everyone complaining about the current situation crypto is in or questioning why its happening you need to keep in mind that if something triples in price in a relatively short period of time, it can crash just as hard in the same period of time. I remember when eth had its climb up $1400 people were ecstatic and they thought that we were never gonna see sub $1k eth again when just a few months ago eth was just $300. This greed brought on by the price influxes is blinding people from the reality that crypto prices cant keep going up forever.
That's true. I think that you can never learn to seek out those ventures that would give you big profit if you haven't experienced losses beforehand. I say that because it's a matter of experience. The more you know, then the better decisions would do because either you have seen that event before, or you know, at least via a hunch, that a day may be gainful or not based on your own appraisal of the market and of the coin you're eyeing.
Re: How do you see the bitcoin economy 10 years from now?
Bitcoin is growing fast and everyday a lot of people takes interest in this. I too started the other day and I am very willing to invest my time here. With that said, with the drastic growth of bitcoin worldwide, how do you see the bitcoin economy 10 years from now? Thank you as always.
Well, since I believe in the market, I want to see it prosper and be more recognized in ten years. However, in the back of my head, I know that ten years is just too long of a time to foresee what will happen. I mean, as much as I want to believe for it to still be present and more effectively running by then, it may be replaced by another currency and investment concept within that time. Considering how volatile and unpredictable the market is, anything can really happen.
Is crypto mining more profitable than getting tokens from bounty campaigns?
I would go for bounty campaigns. I say that because it's just too advanced for me to do mining. Also, I don't have the capital to set up mining rigs whether via phones or via computers that can be profitable. Nowadays, the difficulty of mining cryptocurrencies has double from where it was before, and so, it won't be as affective to just have one rig. The amount of capital that you need to just build one is already that much, not to mention all the other factors you need to consider to keep it running, are rather costly as well.
Hi, I'm planning to pull my insurance to invest in crypto for long period of time and trade a portion as well. Recently, I was wondering if I let my money sleep in my insurance for 10 years it will triple but I'm also thinking that what if at that time the value of my money is still the same as today because of inflation.
Why not both mate? I think insurance and cryptocurrency investment is not comparable with each other because its purpose is just different. Although they can be similar in some aspects like being a contingency asset to hold to be disposed for profit when needed. Insurance is mostly used as a safeguard for things, but on the other hand, cryptocurrency investments are ventures that may go north or south depending on how it will unfold. The certainty as for their purpose are way different as well. Insurance can be claimed surely, while cryptocurrency investments are always up in the air depending on its development.
at present, bitcoin is becoming known to people around the world, especially in developing countries. the majority of bitcoin is introduced through news on television and on the internet. Therefore people are starting to want to know what bitcoin is and if it appeals to them, they will invest instead?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
Well the government should not be silent on bitcoin, they think bitcoin is disrupting economic stability and there will be inflation in the country.
Do you think that bitcoin will disrupt economic stability and there will be inflation due to bitcoin in a country?
I don't think so, but more so on the opposite, I think that Bitcoin, or cryptocurrencies, in general, would help countries to improve their economies as more of them begin to recognize the strength and legitimacy of investing in the market, and basically, using it to their advantage to generate profit and revenue. It may not be the most stable and risk-free market around, but then, the amount of profit that it can give further outweighs the negative things that keep on discrediting it.
Re: Is this a good time to start buying bitcoin or should i wait?
Hi, a friend told me that this is the best time to start buying btc because it's price is dropping, but do you think i should wait and see if it keeps going down? I only have a small amount of money to invest. Thanks for your help, I'm new to this world
Check the movement mate, although the price of Bitcoin has surely fallen in the past several days, it would be too early to say that it's the best time because you have to first discern if such movement will go for a long time, and if it will, then wait for more time until the coin falls down to the best value you can buy it for. When I say "best", I mean the lowest value that you can get more amount for less money. However, you should also plan for the reality that if it falls that hard, the amount of time you would have to wait for a profit might also take longer.
Legendary investor Tim Draper is confident that in five years all will use crypto currency. According to Draper, the technological shift that we can observe now will be more significant than the transition from the Stone Age to the Bronze Age. Answering the question about how he sees the current situation in comparison with the period when he invested in the technologies of web 1.0 and 2.0, he replied that web technologies and transformed the concept of information, while blocking has the potential to transform almost all industries, including government services.
It may or it may not happen. However, I believe that there are a lot of possibilities that can take place, especially in this market that keeps a lot of surprises. I say that because of the reality that anything can happen in five years. This market may prosper within that time, or for all we know, it can vanish and be replaced by a better type of currency and market that people will more so embrace as compared to the support cryptocurrencies are getting now.
How much would you make as first amount? I was thinking £50 bit even if this times by even 10 that's only 500.
Would 300 be a more realistic start
Would 300 be a more realistic start
Well, my usual answer to this type of questions is invest whatever you can swallow or stomach to lose. I say that because when you are a newbie, it would almost be for certain that, sooner or later, you would experience a bump on the road that would give you a loss. Thus, if you have investment a fair enough amount that you would be okay to lose, then you would not face a situation when you would not want to keep going because what you have lost is too tough to recover from.
It's a Very Struggling time for Cryptocurrencies. The Market Goes down approx 10 to 15 Percent. Bitcoin Drop down $7k, On the other Hand, Ethereum goes down $400.
I agree. It's so hard to keep your faith, especially when you see the market fall like that including its assets. However, if you really are a true believe, and if you have followed the market long enough, then you would know that although the market is in a dire situation, it still has ample capacity to rise back up and surge. The key here mate is patience until such time, and basically, just keep the faith that your investments would give you a good return in the end.
Why do we really need Bitcoin?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?
I am a secretive and confidential escapee. I hate keeping money in safes with passwords or depositing money in banks that fear bank bankruptcy. I need bitcoin, will no one have control over my bitcoin account, unlike other electronic money systems, you may be locked account, frozen property. With bitcoin you own the private key, with a separate bitcoin address. No one manages and controls accounts outside of you.
And you?
We need it because it offers another option as a currency for people to use and an investment medium for people to venture in. In this day and age where everything is done via online, it's better to have more options that people can choose from in doing transactions on the business side of things. That way, it can give us the capacity to venture in the trade and exchange market however we want to even in our personal capacity as individuals.
Re: Is your bitcoin earnings enough for you to start a business?
I have a job, and I'm quite tired of working as an employee. I was thinking if I can make my btc earnings a start for a business, what do you think?
Everyone's earnings differ depending on their success, how much they invest, the work they put in.
At the same time, every business requires different capital.
Tell us some more about what you aim to do within bitcoin to earn money, how much you intend to invest and how much you need to start the business.
Well, I guess that depends on (1) How much earning you get on a more stable basis, and (2) The type of business you will open. For most people, earning in the cryptocurrency can give you a "jackpot" type earning if you choose the best projects, thus, if you are eyeing to open a small business or a local one, I think it's enough because profits can be really gainful in this market. However, if all your investments are not doing well, especially for months, then I don't think it won't be enough.
Many bounty campaign give token..often token bounty has not been paid .. you already exist in the market .. after the price paid it down drastically ... if we hold the token .. later will be able to rise or even added down the price of token bounty
I usually hold for a while. Trend shows that after a project has concluded and its coins distributed, it does not rise up in value quite immediately. Instead, it gains value as it begins to go public, which may take around three to maybe around six months. So, during that time, I try to see how the coin is faring in the market, and if I see that I can reach my target profit, then I go for it and sell it. But, if it still has potential to grow some more, there's nothing bad waiting for a couple of weeks.
How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
At the moment, I don't think that a government is concerned with that, but I would say this, if a government really wants to do that, I would say that they have such capacity to do so. The government holds the most people in one country, including the capacity to use any technology they desire to better their interests even if its means invading one's privacy and looking into his dealings, including his cryptocurrency dealings, most especially if you are in technologically advanced countries like the USA or China.
Hello everyone!
Recently, I was thinkig. Is there really any reason for the BTC to be the market leader? The only thing that is giving the value to BTC is pretty much the fact, that it was the first crypto currency. It is the grandfather of all cryptos. But we know it has its flaws... It was never designed for broad usage, it has scaling issues and so on.
On the other hand, we were given ETH. The Crypto Kitties or w/e the awesome internet meme ETH appliction is called showed us, that ETH network has issues with high amounts of usage. BUT, 90% of all altcoins are based on the ERC-20 standard, brought to us by ETH. The smart contracts using the Solidity are extremly good piece of technolgy.
So my question is. Do you think, that BTC will keep its leadership, or will ETH be the winner of this year and surpass its ancestor?
Recently, I was thinkig. Is there really any reason for the BTC to be the market leader? The only thing that is giving the value to BTC is pretty much the fact, that it was the first crypto currency. It is the grandfather of all cryptos. But we know it has its flaws... It was never designed for broad usage, it has scaling issues and so on.
On the other hand, we were given ETH. The Crypto Kitties or w/e the awesome internet meme ETH appliction is called showed us, that ETH network has issues with high amounts of usage. BUT, 90% of all altcoins are based on the ERC-20 standard, brought to us by ETH. The smart contracts using the Solidity are extremly good piece of technolgy.
So my question is. Do you think, that BTC will keep its leadership, or will ETH be the winner of this year and surpass its ancestor?
I think it's too early to judge mate; we're not even at the half of the year. However, if I would base my answer on what's happened already, I would say Bitcoin has been better this year compared to Ethereum, at least for the past few months. I say that because Bitcoin has shown way better movements, specifically increases in the past several months compared to Ethereum, which mostly showed only dumps with gains, but were not too significant so-to-speak.
If I lost most of my capital in one coin, I will hold the first to coin it up again, whether it can be called trading or not?
Give your opinion
Give your opinion
It's not that I don't like trading or something like that, it's just that I know I can't commit to it in such a manner that I can position myself to more fruitful ventures. The trading market is just too demanding for me that I can't look closely on the market at any time of the day because I still have a full-time job to think of, plus the other things I do. Also, I don't think I have enough holdings that is diverse enough to actually be able to trade with aggressiveness.
For a long time, now the political elite and the leaders of the Vatican have been looking for a world government and currency,
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
I do believe that bitcoin is a part of financial future and great way to become an investor, but I have doubts that it can possibly replace traditional money or become world currency.
What are the possibilities and stopovers??
It can be, but not a standard one that would require all countries to use it as the "main" coin to be used in deals, payments, investments and the like. I think that it would be too hard for many countries who has established currencies to just give it up because it has proved its reliability, and also, it has a long history behind it that has made people put their trust on it just like the American Dollar. So, I more so foresee a time when currencies can interplay with cryptocurrencies much like the onset of the use of internet banking once the internet has been more far-reaching.
The biggest threat to fiat money is inflation. Inflation can be cured by injecting wealth into the economy and by that rising enough belief to keep the system afloat. This can be done for instance by occupying foreign countries and by that opening up new markets to the companies that are essential to the economy. Or this can be done by loose regulations with the derivatives markets, that will create wealth out of thin air and high hopes.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
Can it be that pumping of the crypto markets is just another financial shenanigan created to keep the old system afloat?
They are creating new wealth out of nothing with cryptos, just like with derivatives. The made up wealth that is created, is actually backing the value of fiat. This would make sense why regulators seem so blind on goxdollars and tether.
I think yes, but only partly. I say that because cryptocurrency is in a different playing field compared to traditional money. And so, although it mostly interplay nowadays, there are still some differences and distinctions in terms of the factors that affects and keeps it value. Money is the more stable of them two, so it would be difficult to say that cryptocurrency is the one protecting fiat money. I think the better description is their interaction leads to better gains for both of them.
Buy and hold?
Cryptodabbler?
Day-to-day trading?
Big bets enough to play the market?
Other? specify.
Please provide a quick explanation of the choicie of your strategy.
To participate in an on going research and get the final report, follow this link : https://mourad1bm.typeform.com/to/wvQQyZ
Participants will be rewarded by free 200$ credits to test the beta version of our upcoming product.
Cryptodabbler?
Day-to-day trading?
Big bets enough to play the market?
Other? specify.
Please provide a quick explanation of the choicie of your strategy.
To participate in an on going research and get the final report, follow this link : https://mourad1bm.typeform.com/to/wvQQyZ
Participants will be rewarded by free 200$ credits to test the beta version of our upcoming product.
It's buy and hold for me. I am trying to exercise and practice patience with my ventures. I say that because it's the safer way to go, plus I don't have enough capital to actually be aggressive in trades. I can't afford losses to be exact, therefore, I try to just be patient and be vigilant with choosing the right coins to hold and do my business with. I can't stay in the market full-time, so I don't want to risk it that much by doing other ventures that need a closer checking of the market changes.
We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
For me, they will, but I qualify it by saying that it may take a long time. Banks are very cautious with the investments or business they invest in or follow through. Therefore, since this market is just too volatile and too unpredictable, I don't think banks would even consider it right now because the money that they actually use is not their own money, but the money of their investors and depositors. So, if thye would jeopardize the money of their customers, it would not help their business nor their image.
What was the amount with which you started trading
I mean your very basic investment and was that your extra money or required money?
I mean your very basic investment and was that your extra money or required money?
There is no such minimum or required amount to start mate. For most people, I think what they consider is how much money can you actually spend and use as capital that even in the risk of you losing it would not affect your assets or your life in general. If you can stomach such money to be lost, then for you, that would be your "right" amount. It would be nonsense to invest everything out, if at the end of the day, you won't have any money left to support your life or your family.