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Showing 20 of 343 results by blindminer
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Topic
Board Altcoin Discussion
Re: How to make money on the fall of the market.
by
blindminer
on 08/09/2018, 20:31:15 UTC
If I had known, I would have not only shared the secret with you, but I would have used it myself. But alas, I also got into this situation when I bought BTC very early, in March of this year for $9000. Now imagine the situation I'm in right now...But! I do not lose heart and believe that it will still grow and bring me profit.

If you compare yourself with many others that primarily invested in altcoins you don't look that bad. In fact you have a good chance to get out of the red zone in a short period of time while many altoun investors lost 90-99% and many investments will be permanent losses as these projects are going to die.
Post
Topic
Board Speculation (Altcoins)
Re: Are you ready for bull market?
by
blindminer
on 08/09/2018, 20:28:01 UTC
We are all waiting for the bull market, but it seems still too early for the arrival of the bull market. We have to hodl and wait for a better time.

If everyone just waits and stay passive aside from doing bounties, then the bull market will never come. This market needs more active engagement. Volumes are very low, people are not using crypto. Regardless whether for real world payments or speculation. This needs to change.
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Topic
Board Altcoin Discussion
Re: Optimistic Attitude
by
blindminer
on 08/09/2018, 20:23:29 UTC
Now that the whole market condition is highly disgusting and discouraging, what attitude do you think both investors and bounty hunters should have? In my own view, I think there is a need for optimistic attitude. Many are pessimistic as to whether crypto market will I ever recover. Many crypto lovers keep asking themselves will crypto market ever recover? . The way I look at it is that we need to be highly optimistic for a recovery for better profit making. I don't know if you agree with me.
Please let me know your opinion.



People who fully understand long term goal of cryptocurrency do not have pessimistic attitude about their investment. Yes, optimism goes a long way but its difficult to take a pessimistic individual and turn them into optimistic, unless they choose to do so.

Very true statement, people who are pessimistic typically have come very late to the party. They got an "all you can drink ticket" and an hour later security came in and told everyone to leave.

Only because one party is over it does not mean that all future parties are called off. People have severe hangovers and want to quit partying...then at some stage they come back and everything starts from new.

Hope you get my analogy Smiley
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has 54% of the cryptocurrency market
by
blindminer
on 08/09/2018, 20:18:17 UTC
so we don't have to be afraid for the negative news that saying bitcoin will fall too deep as bitcoin still leading the cryptocurrency market. and if in the last year, bitcoin price can increase for $19k then at this end of the year, I think the price can get up again and maybe the price can reach that number again or less than $19k and in the next year, the price can reach more than $19k. and if there is any positive news for bitcoin, it will push the price to the higher price but I don't think that the price will go down too deep if there is any negative news release.

19k by the end of the year sounds reasonable to me. Right now we are deep at the bottom but if you look at historical data and connect the dots this is a very realistic scenario. In Q4 we should see another bullrun, I think it will not be as strong as last years Q4 but I am sure we see a strong recovery by then.
Post
Topic
Board Altcoin Discussion
Re: 4 reason ICO market problem today
by
blindminer
on 08/09/2018, 19:33:07 UTC
The ICO market has huge problem today.
this is 4 reason

1. Overvaluations
2. Scam
3.  fraud
4.  Speculation

I'm new into ICO, and I think the first three was right. The number two and three were out of our control, might we need to more carefully about this. Speculation might hash been some part of our life, so it's a natural thing, IMHO. Overvaluation is depended on us, we can learn all about the project to get a rational valuation. I've been on my first ICO project now, they are ongoing KYC  process now until the next few days before their public sale starts. This ICO project called as Daex Blockchain, after spending a few time to collect information about this project, I hope wouldn't disappoint me.

If I look at my ICO investments this year, the first point (overevuation) was probably the nr 1 reason for my losses. “Companies” that consist of merely a handful of people without a proper office, businessplan, products are evaluated 10-50 millions by themself and that is just a joke. The real evaluation happens when these projects hit the exchanges, and everyone looses, expect the 5 people in the team.
Post
Topic
Board Trading Discussion
Re: HODL is not advisable!
by
blindminer
on 08/09/2018, 19:26:05 UTC
You may have a point but I do not agree when you say that HODL is not advisable. HODL is proven effective by so many experienced crypto fanatics, even expert traders. So I guess HODL is advisable to a certain extent. To demonstrate it to you the importance of HODL, you may just take a look at the previous year. Take a look at Bitcoin, Ethereum, LiteCoin, and other solid coins.

If you are not very confident with day trading, just HODL.   

I agree with this statement, in trading you can loose a lot of money very quickly. If you hodl you only have paper losses, unless you get to the stage of panic and selling low because of the (often irrational) fear to loose everything.
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Topic
Board Trading Discussion
Re: The price appears to be going steadiliy up, time to buy in?
by
blindminer
on 08/09/2018, 19:20:57 UTC
I've been examining the price of BTC since August 9 2018. It has been very up and down. By as much as 10% at times.
I was waiting for this next dip of ~10% before buying in and Holding....  but it's looking to me like it's breaking out of the up/down trend of late and quite steadily going up.
I've so far made a string of bad moves involving crypto..
Would you recommend buying in now at around 5720 euro, or waiting for it to (hopefully) dip down to 5400 euro again, as it has many times in the last two weeks.?
Thanks for any advise.


Since you have made so many bad moves then it is the time to change your strategy, you seem to want to predict the movements of bitcoin and then earn money while trading, am I right? But that has not worked, so it is the time to try something different, become a long term holder, the prices are not going to get that much better and if you invest enough money in bitcoin then it is likely that in the next years you could multiply your money many times over if you are willing to wait.

Totally agree. If you are loosing and you keep doing the same thing, this is the definition of insanity. Most people loose by predicting the short term prices. I also got burned many times trying to do that. Just rethink your strategy and find better ways of investing, like focussing on the long term.
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Topic
Board Trading Discussion
Re: Can I make passive daily income with trading?
by
blindminer
on 08/09/2018, 19:16:14 UTC
Yes you can make daily income from your investment. Always investing money into those coins which is having highest volume.
For example Take bitcoin as example Bitcoin daily fluctuation is about 200-300 USD as an average from it you can make passive income.
But it is highly risky as well because crypto market is bullish and bearish.

No so sure if Bitcoin is best suited for trading, it is the least volatile of all crypto currencies, often just goes up/down by 1% or less. Trading is quite risky, you want to have a better risk-reward ratio than that in my view. I agree with the volume, that is pivotal.
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Topic
Board Trading Discussion
Re: Too many new Exchanges
by
blindminer
on 08/09/2018, 19:12:30 UTC
And more will be build another ICO about exchange have just concluded and promising that it will be bigger that binance i have heard that before and most of them are money grabber, but as the man above said no one forces us to use there exchange if investors will not trade on there platform it will have no use and people who invested on them will lose big time only if they held on to there token.

Bigger than binance? Sounds like phrases as “faster and better than bitcoin” to me. I think it is very hard for any new exchange to get into the top 10 of exchanges, no matter how good they are. Just look at Cobinhood, great tech and security, but struggling to find users.
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Topic
Board Bitcoin Discussion
Re: Bitcoin has 54% of the cryptocurrency market
by
blindminer
on 01/09/2018, 08:01:22 UTC
It should dominate the market and it should be more than 50% because we know that most of the altcoins just existed to squeeze more money from uneducated investors waiting for their profits that will never happen. Bitcoins should be 80% when a stricter regulation is implemented in the future.

I would not go that far but see your point, the majority of alts are either weak projects, just have products on paper or are scams that only indend to grab money. But among them you have also pearls that can disrupt entire businesses if not markets.
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Topic
Board Trading Discussion
Re: Too many new Exchanges
by
blindminer
on 01/09/2018, 07:58:30 UTC
I also do not trust the newer exchanges, with the exception of cobinhood, they have advanced tech and are very secure. Apparently 97% of assets are in a cold storage which gives some peace of mind.
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Topic
Board Trading Discussion
Re: Can I make passive daily income with trading?
by
blindminer
on 01/09/2018, 07:55:47 UTC
Can I make passive daily income with trading?
I have little money of about 100$, Is it a good idea to start jump on Bittrex or Poloniex and
start buying alt coins for profit.
From your poll, Everything you mentioned is good but since you’re talking about making income on a daily basis then you should go for trading. With trading you will always make profit, but don’t rush into it if you haven’t gotten any knowledge on how to trade, cause if you do, then you will be going into it to throw your money cause you won’t get any profit at all.

If you make always profit with trading then I would really like to know what you are doing different than the majority of retail day traders that seem to be unable to stay profitable in the long run.
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Topic
Board Trading Discussion
Re: The price appears to be going steadiliy up, time to buy in?
by
blindminer
on 01/09/2018, 07:53:03 UTC
I dont think that the market is going steadily up, as the market is moving with 10 % up and down, like traders ar buying near $6000 range and as soon as it goes up 10% they start selling and bring back the old price. This is following for past 1 or 2 months, So now it is taking support nearby $6000k side and if breakout upside then we can see the price going $8000+ price
People just want to see what they want to see, you could show the very same chart to 100 traders and you will get one hundred different interpretations about that chart and in an even more funny twist they will never really agree about a common chart that describes the behavior that they are seeing, this is why I have always thought about charts as nothing more as fortune telling and as we know it has been shown time and time again that those that do technical analysis do very poorly over the long term, and most the time they are surpassed by those people that instead just hold their coins for the long term.

Totally spot on, none of the TA experts did forecast the massive bullrun last year and I don't know of anyone who warned at the peak that the party will be over soon, let alone that we would heading towards a long bear market.
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Topic
Board Trading Discussion
Re: HODL is not advisable!
by
blindminer
on 01/09/2018, 07:49:25 UTC
Grin That shows the level at which a lot of newbies just want to get rich quickly in this market. Maybe they should ask what those who have been holding since around 2010 has passed through in the market movement and someone who just came yesterday feels he or she is entitled to the moon.
This is the reason why they raise their expectations too high for silly reasons and then get frustrated at the end. If they cannot withstand it, like I always say, they should go learn how to trade but also have to understand there is no shortcut to trading as that can make them lose more if they do it without knowledge.


A lot of people came into crypto when the bull market was in it's final stages, they were primarily attracted by the price increases, less so about the technology. Quite understandable that many panic. If you sit on a large amount of coins and haven't researched them properly, it's not a nice situation to be in...especially not in a bear market.
Post
Topic
Board Altcoin Discussion
Re: 4 reason ICO market problem today
by
blindminer
on 01/09/2018, 07:40:30 UTC
Almost no ICO retains it's value when they hit the exchanges in this climate, that is why smart founders like the CEO of Sparkster decided to postpone the listing until the climate changed dramatically and the majority of ICOs are profitable again, even if it takes many more months from here. Sometimes there is nothing wrong with an ICO, just thee market is brutal.
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Topic
Board Altcoin Discussion
Re: Can you wait?
by
blindminer
on 01/09/2018, 07:36:37 UTC
The present situation of the market has caused panic into the minds of some crypto enthusiasts. Some have not seen so much dip as this. One thing i know is that, crypto is very volatile. So no matter how much it falls, it will definitely rise back. Just watch out for what will happen in few weeks' time.
I will only urge you to wait and do not sell in panic.
This year is already coming to an end, so don’t you think there is going to be an increase in the price of bitcoin ? And altcoins as well? Someone once told me last month that bitcoin price is already at its lowest and that if it does go down more, it will only drop down to five thousand dollars and from there it will pump, so same thing for other cryptos , but I can’t tell what will happen exactly and what lowest price they will drop.

No one can tell you where the lowest price will be but there seems consensus that we are bottomed out. What you can do to get a better estimate of the situation, just look at historic levels and timelines.
Post
Topic
Board Altcoin Discussion
Re: Optimistic Attitude
by
blindminer
on 01/09/2018, 07:33:46 UTC
Now that the whole market condition is highly disgusting and discouraging, what attitude do you think both investors and bounty hunters should have? In my own view, I think there is a need for optimistic attitude. Many are pessimistic as to whether crypto market will I ever recover. Many crypto lovers keep asking themselves will crypto market ever recover? . The way I look at it is that we need to be highly optimistic for a recovery for better profit making. I don't know if you agree with me.
Please let me know your opinion.



only noobs like us are panicing not the investors who are in the crypto from last 5 6 years they know that this is the regular pattern which btc make every year and give the chance to the new investor to enter in the market and to kick the non believers out of the market

Absolutely true, just look at real experienced people like Richard Heart, he said in an interview with Ivan on Tech early this year that it is over (bull market) and prices will take a lot time to recover. He was spot on but people just laughed at him.
Post
Topic
Board Altcoin Discussion
Re: Optimistic Attitude
by
blindminer
on 01/09/2018, 07:30:11 UTC
Now that the whole market condition is highly disgusting and discouraging, what attitude do you think both investors and bounty hunters should have? In my own view, I think there is a need for optimistic attitude. Many are pessimistic as to whether crypto market will I ever recover. Many crypto lovers keep asking themselves will crypto market ever recover? . The way I look at it is that we need to be highly optimistic for a recovery for better profit making. I don't know if you agree with me.
Please let me know your opinion.


There are two type of people, one who understand market and trade according to it and the second who aren't that good at trading. In both the case optimistic attitude isn't a solution for bearish trend. Good traders usually hedge or play shorts in such market. While the latter keep holding their bags throughout the bear phase and end up selling at low prices. At least try to understand the market bottom. If your coin is at the market bottom, be optimistic and don't sell until bull phase.

True indeed, it sounds fairly straightforward to do trading while turning a profit if you leave the emotion aside and focus on the technicals. Also good traders do not fall in love with their investments during a bull market but sell them when prices are surging. Most are clinging to their holdings during a market cycle shift and loose most if not all their gains.
Post
Topic
Board Speculation (Altcoins)
Re: Are you ready for bull market?
by
blindminer
on 01/09/2018, 07:24:24 UTC
I'm ready for a bull run like 24/7  but still, don't see it. An only Bear market for almost  8 months, I don't know what to say.

I know what to say, with 8 months into the bear market we are still within the statistical average. Just look up the history,  on average bear markets lasted for about a year. We all need a bit more patience.
Post
Topic
Board Speculation (Altcoins)
Re: Are you ready for bull market?
by
blindminer
on 24/08/2018, 16:58:10 UTC
When the bear is over, the bull starts.The bear market seems to last a few more months.But I can say that the market is slightly alive.
Of course the market is still alive. It only lasted for 8 years. It is too early to say that it is dead or will die. The discount was longer than everyone expected, so it made many people panicked and scared.

The market and the cryptocurrency will not die. people are really interested in crypto and blockchain technologies. I am looking forward to getting my profits when the bull run comes.

Exactly.

Sure, I am always and would continue to be optimistic concerning this. Because it is crypto we are talking of here and in the crypto world, anything thd can happen. The unexpected in the big positive side can really happen again even more than the one that occurred before...

I think you referred in your last sentence to the different cycles in this market. Indeed the baseline has always increased, every bear market was at some stage higher than the previous bull runs in history.