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Showing 20 of 25 results by cancoinl2
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Board Bitcoin Discussion
Re: Do not worry about the future of Bitcoin! It is just beginning
by
cancoinl2
on 07/12/2018, 16:08:21 UTC
People are worried about short-term profit and possible losses tied with the current downtrend on the market. Bitcoin’s future is not behind the potential price of the coin, but a safe decentralized system of payment. The speculations of speculators are not the goal of bitcoin. We need to build in bitcoin in the economy as a means of payment or alternative currency via awareness and adaption. Over the long-term prospect, the future is brighter than ever.   
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Board Economics
Re: Crypto adoption
by
cancoinl2
on 30/11/2018, 14:40:56 UTC
I think when the world will experience another financial crisis, everyone will recognize cryptocurrency as a secure mean of payment. Apart from that, delicate cryptocurrencies need adequate regulations from the government otherwise they will become centralized. Then cryptocurrency will lose its attractiveness for people. I consider that cryptocurrency should become an alternative mass adopted payment method to fiat in order not to lose its advantages.   
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Board Altcoin Discussion
Re: Listing on exchanges
by
cancoinl2
on 29/11/2018, 14:09:11 UTC
It varies a lot and depends on many factors such as ICO itself and its team, technical issues, marketing. The crypto market situation plays a significant role as well. During the bearish market, the number of listed ICOs significantly reduces. Usually, they can be listed as early as 1 month or as late as 6-7 months after the launch. On large and reputable exchanges like CEX (https://cex.io/buy-bitcoins), the process will take a few months, to make sure that a particular ICO meets all the requirements.
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Board Economics
Re: Which industries don't need blockchain?
by
cancoinl2
on 23/11/2018, 12:41:58 UTC
As long as companies accept online payments, thee need blockchain. Furthermore, it is not just about payments but also about data, storages, smart contracts. I think it can be applied to any industry.
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Board Economics
Re: Do you ever wonders why we are using this paper as money?
by
cancoinl2
on 22/11/2018, 11:11:09 UTC
People believe paper has a value because the government said so. Strength and reliability of a national currency depend on the financial actions of a certain government. The rates of currencies don’t depend on the amount of gold at the dispose of government and central banks but on their actions.
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Board Economics
Re: Reason why other ban cryptocurrencies
by
cancoinl2
on 14/11/2018, 12:13:43 UTC
The laundering of money took place before cryptocurrencies appear. To launder money in fiat is much easier and safer but governments continue to accuse crypto and spread crypto laundering propaganda as a way to grapple with it. And other countries ban it trying to stop its growth. The main reason for the ban is a threat to the government’s power.   
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Board Bitcoin Discussion
Re: Why should governments accept Crypto currencies?
by
cancoinl2
on 12/11/2018, 13:11:46 UTC
There are many benefits government and banks can experience thanks to Bitcoin and blockchain. But there is a difference between governments entering the crypto world and accepting the rules (decentralization, transparency, etc) and governments setting regulations to control crypto. The first option will be benefitial for everyone.
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Board Altcoin Discussion
Re: Who needs today to believe?
by
cancoinl2
on 06/11/2018, 11:16:03 UTC
What I am 100% sure is that cryptocurrencies won’t vanish. The market will rise slowly. No expert can predict the conduct of the market for a short-term period because it’s impossible to take into account all the factors that influence the price and foresee possible changes. Do your own research and make your own conclusions.
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Board Economics
Re: Is there any chance of having one global currency?
by
cancoinl2
on 02/11/2018, 11:17:39 UTC
There is a possibility that Bitcoin will become a global currency. But a lot of work should be done in this direction. The governments would probably do everything to prevent this scenario, as they're interested in money they can control. It seems more realistic that Bitcoin will be accepted as an alternative to a global currency.
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Board Altcoin Discussion
Re: Long-term investment.
by
cancoinl2
on 30/10/2018, 10:52:29 UTC
I like the idea of investing in some coin and forgetting about it for three years Smiley I would agree with forumers, really good earnings are possible only in a long run. You can buy, for example, BTC and hold it. Or you can exchange it for its forks BCH and BTG and try to play with them. Luckily, they all are widely accepted and supported by many popular exchanges like CEX: https://cex.io/bch-btc, https://cex.io/btg-btc. These coins would probibly be the best for a log-term investments.
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Board Trading Discussion
Re: Forex trading or crypto trading and stock exchange?
by
cancoinl2
on 26/10/2018, 12:50:36 UTC
I been a trader in crypto since 2016 and i feel more comfortable in cryto trading im not saying that i am a pro trader already but im just know some basic in trading. I never been try to trade in forex and stock exchange and i was looking at this two trading platfrom to all pro traders here which is good and more profitable in this 3 platform
1. Forex trading
2. Crypto trading
3. Stock exchange trading

Thank you and i want to know if where is the good and most profitable and stable at this 3 platform a stable income.

Well, both might be profitable. Another question is what is more suitable for you. I think it's better to be involved in a deal when you understand all the nuances of the market and of the services you use. I am trading on CEX with XRP (https://cex.io/xrp-usd). I know that my account is safe 'cause the company has a multi-layer security.
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Board Trading Discussion
Re: Begginers in trading ( share you experiences about trading )
by
cancoinl2
on 18/10/2018, 08:22:47 UTC
Well, people have already provided you with a lot of tips and useful information Smiley The only thing I can add is that you will need a reputable and user-frienly exchange. I suggest CEX (https://cex.io/). It has a limited number of currency pairs, but their security is great which is essential for dealing with crypto.
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Board Trading Discussion
Re: How do you manage your profits in trading?
by
cancoinl2
on 05/10/2018, 11:38:47 UTC
Here are some useful things: an article mentioning 5 additional strategies (https://howtotoken.com/for-traders/5-strategies-make-profits-times-crypto-market-turbulence/), a guide from Crypto Hustle (https://cryptohustle.com/7-steps-to-manage-risk-when-trading-crypto). I can also add that it's extremely important to trade safely. If the service you use has all levels of security (like CEX), then everything should be okay.

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Board Trading Discussion
Re: Which one is a better investment Bitcoin Or Ethereum,
by
cancoinl2
on 02/10/2018, 11:49:50 UTC
I think that there is no sense to choose between bitcoin and ethereum. Both these coins are very popular and reliable for long-term investment. If you want to get profit with minimum risk invest in both and find some more promising altcoins. While several of them go down another ones can rise. What is more, during the general uptrend of the crypto market, some altcoins can explode and in a percentage growth surpass even bitcoin.
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Board Trading Discussion
Re: Day trading was fun!
by
cancoinl2
on 28/09/2018, 14:37:53 UTC
I think day trading is more like something interesting, than fun, but I guess that you’re having great approach to these business. But I must disagree, enduring losses and failures aren't that funny. But, of course, trading activity SHOULD bring pleasure together with profits. Speaking about cool things, I found a possibility to get profit for simple depositing. Here is the source of info, where I’ve read that cex offers a kind of bonuses - https://cex.io/wires-campaign/.
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Board Speculation
Re: cryptocurrency exchange hack
by
cancoinl2
on 27/09/2018, 15:37:54 UTC
Although storing your coins in the exchange wallet seems safe, but it is not impossible for some hacking activity.
I remember some exchanges have been hacked few months ago, but they were quickly take any further action to prevent more damage.
If you want to store your coins for long, i suggest not store it in the exchange wallet.

Yeah, it is. For example, CEX has suffered one hacking incident in 2013, but it happened at the time they made their first steps. Since then there were no incidents, and the company has worked really hard on their security.

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Board Trading Discussion
Re: Trading or mining?
by
cancoinl2
on 26/09/2018, 11:35:09 UTC

Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.

Quite a controversial question🤔 On the one hand investing is a comparably easier than mining. But on the other hand, if you have recourses to start mining, is it wise to waste a chance... Well, I don't know what I would choose if I were in your shoes. Btw, what about your mining skills, do you have any? Answering this question might help you to determine the answer to the main one.
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Board Bitcoin Discussion
Re: Why shouldn’t we be concerned?
by
cancoinl2
on 25/09/2018, 12:02:49 UTC
Bitcoin only starts to gain momentum. Unlike fiat money, it has the limited amount of 21 million coins. Every year the reward for mining Bitcoin reduces, but its price only benefits from it. During almost 10 years of existence, Bitcoin has lost more than 40% of its value but has always recovered. The coin is becoming more and more stable. There are no reasons to be concerned about the current fluctuations.
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Board Bitcoin Discussion
Re: My sweet and bitter experience about bitcoin
by
cancoinl2
on 24/09/2018, 15:46:24 UTC
Honestly, I haven’t faced neither very good neither very bad experience with crypto. However, there was a couple of times when I had really good reasons to worry. Despite this, I can say that my strategy was quite simple right from the beginning: I simply decided to buy some coins on exchange and hodling 'em until now. Probably, the only trouble I had is the problem of choosing. It wasn’t easy for me to decide what exchange to choose. Tried several of them, but stopped at cex, as they offer btc/eur (https://cex.io/btc-eur) pairs, which is exactly what I need.
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Board Marketplace
Re: how to turn your blockchain balance into real money?
by
cancoinl2
on 20/09/2018, 12:42:34 UTC
Exchanges are the most popular way to turn bitcoin into fiat money. Mostly, they require creation of account, to which you can link your bank account, and in a quick, easy way withdraw the money. But you should remember about fees. Another way to turn bitcoin into physical cash is to use person to person trading sites. Maybe you’ll even manage to sell it above market value, depending on number of sellers and buyers of btc in your area.