We have been waiting for the coming of real bulls too long, and each rise of the market seems to us to be their come. Probably, the market will go up faster in July-August, and now, it will be fluctuating a lot.
I don't think that their is exchange for newbies because you are expected to know how to trade or someone will do the trading for you. However, when it comes to trade their is no newbies but you can be newbies on bitcointalk rank. Some that just started investing in crypto should seek more knowledge about all it takes.
Trusted exchanges are good for the beginners and for all traders. If you are a newbie, it does not mean that you need to use some special service. Deal with the reliable sites, and pay attention to the exchanges popular in your country.
..I think hype gives some factor on a certain altcoin to increase or decrease its value and it is unevitable..just my opinion,,better not to listen or engage on the hype that you think will going to bother you in your investments,,just stick to the fact and believe what you have dream and don't believe humors by other people that you think worthless and might not help you..
This relatively new word hype is a kind of advertisement. It is created artificially to support some token and to push people to buy it. The same refers to the projects and other stuff as well. Do not follow the hype and use your thoughts only.
I think that Bitcoin (and alts) will see some heavy correction in the next week or so. This is based purely on a historic profile.
I wouldn't mind being wrong on this though :-)
The correction can happen but it will be not as great as before, in 2018. Moreover, after its end, Bitcoin will start running up again. And this time, its speed will be higher than this April and May.
New players have lots of considerations before putting money on crypto and that is the usual thing.
We can't just say to them that crypto has a bright future just because we are here in crypto for a long time now.
What we must put in their mind is the risks associated by putting money on crypto and not just a pure speculation that bitcoin will reach $1,000,000 someday. Let them know the possible downsides rather than stick to their mind that bitcoin is a rich scheme process.
We all cannot be sure that our investments will bring profit. Therefore, we need to think much before buying this or that cryptocurrency. Actually, to reduce risks, I work mostly with Bitcoin as the best and reliable crypto.
Bank payment can even fail and be hanging. I have severally had a failed bank transactions, and the cash actually left my account but merchant didn't receive it, prompting me to do a series of mails to my bank, because they have other customers complain to attend to, I had to place on the waiting line, well before it can eventually be resolved some do take many days, forcing me to make an alternative with the hope that my merchant was going to make a refund to me. In all these bank charges are nonrefundable.
Each time I make a bank transaction, I am afraid that something will go wrong again. I see that mistakes there started to happen too often. I never had these problems when dealing with Bitcoin and other cryptocurrencies.
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BoardEconomics
Re: Would a global disaster increase or decrease the Bitcoin value ?
Global disaster in terms of economic wise or political wise but might not really affect the value of bitcoin because it has proven strong over past years after several breakings from top economics analyst. But in regards of natural disaster I think it will really affect the market price in every sector be it bitcoin or any other assets outside cryptocurrency but it's now left with we the community holders on how we want to use it to our favour and to help mankind.
If there is a global catastrophe, people will simply fight for their survival. The price will be the most simple physical things and even ordinary currency will lose its value. With a global catastrophe, the Internet is likely to disappear, and with it the cryptocurrency will disappear. Even if the Internet remains, virtual money will no longer interest anyone. Then, most likely, 10,000 bitcoins will be offered to you again for the pizza, or even more.
I do not want even to think about it, but you are right. When it comes to surviving, people are ready to give everything for a sip of water and for a piece of bread. Suppose, Bitcoins will lose their value in this case.
Cryptocurrency gives me freedom of earn and no third party involved here. If i invest flat money there are many restrictions by government and money londering situations if i transaction lots of money. There crypto currency gives me free fair involvement. So i love it from my best.
besides cryptocurrency provides freedom, another thing is cryptocurrency provides a lot of benefits in trading and providing profits. so that's our main reason for needing cryptocurrency.
We need cryptocurrencies not to depend on inflation. Cryptos are cool if you go abroad one day: you may not take with you much cash to be declared: Bitcoin and other cryptos in your wallet cannot be checked.
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BoardSpeculation (Altcoins)
Re: LTC: moon or doom?
by
finbad
on 03/06/2019, 17:51:06 UTC
2017 can be repeated for Litecoin. It will go to the Moon this summer and early autumn. Halving will be one of the main reasons for its rise. Thus, if you do not have it in your portfolio, it is not late to buy LTC.
Many people prefer fiat who don't know the uses of Bitcoin or other crypto, only those guys prefer who knows that bitcoin is the future currency. But Fiat is on top because if we want to buy things then we have to pay in fiat, not in BTC but if btc accepted in stores then we can say that in near future btc will beat fiat and huge amounts will send in BTC. Fiat sending fees is very high even that btc will charge few dollars for huge amount.
Not all people deal with fiat transfers. Most of them just get their salary (in cash) and use it as they like. They do not even think about any online operations. Fiat will remain popular for years, although cryptos will be developing.
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BoardEconomics
Re: Will governments create their own cryptocurrency that will replace fiat?
If the digital currency will be held by the government it will become a centralised. Which is more secured and legitimate. It may be a good idea in terms of investment, savings and payment.
It can happen in countries with the worst economy. The huge inflation can make the government take a decision to start creating their virtual currency and save the country and its people from poverty.
I see a lot of between bitcoin and usd. Because of the risk of virtual money, fluctuations, not yet recognized by the majority of countries.
There is nothing common in BTC and USD. One thing is probably the same - both of the currencies can be used for buying things. However, if everybody takes your dollars if you offer them USD, most can refuse from virtual money.
When discuss about future of Bitcoin there are lot of Articles on various forums with different opinions and stories. Few of them agree that Bitcoin will remain as it is and has the idea that value of Bitcoin will increase. Some of them say that Bit coins will collapse it's own position soon. What will happen to Bitcoin...?
First i do think bitcoin would never collapse, second i do think by the times goes by we might see the real value of bitcoin and i do think bitcoin price will be much stronger and much stable, third i do think lightning network will be big and and will make numerous transactions of bitcoin.
Hope, it will be used for long. I was surprised to read in the news that Bloomberg called Bitcoin useless stuff. Their arguments stated that only 1.3% transactions of BTC were used to buy things. Strange position. Crypto is more an asset than money.
In my opinion, the opportunity to get rich through bitcoin is still wide open, because now the price of bitvcin is still cheap, and later the price will rise even higher
Price does not matter here (however, do you think that Bitcoin is really cheap?). You can find out the ways to make money on BTC always. Trade, invest, take part in Bounties. Try again and again, and finally, you will be wealthy.
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BoardSpeculation (Altcoins)
Re: Dump the alts
by
finbad
on 02/06/2019, 10:06:40 UTC
You cannot judge by a one-month situation only. Yes, in May, Bitcoin showed more power than altcoins, but it seems to be natural - the leader must do it. Further, altcoins will be growing fast as well. I bet on ETH and Bitcoin Cash.
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BoardAltcoin Discussion
Re: What would you do to recover your losses?
by
finbad
on 02/06/2019, 10:03:45 UTC
The best decision is to stop to panic and forget about selling the cryptocurrencies to "save" at least something that you have Crypto will live for a long time, and there will be many periods of its fall- simply wait.
You saw this potential coin last week. The price was rising, you made up your mind to buy later so you created a thread here with the subject "is it a good time to buy?". 3 days ago, you checked up on the coin again and it has increased by 20%, you were still doubting if its the right time to buy. Today the coin has increased by 50% of the initial price you saw and you are getting more confused. My friend take this from me, in crypto, it always now or never. Happy trading to you all!
If you hesitate, it means that you are not yet ready to start working with the cryptocurrencies. When a guy wants to enter the crypto market, he will do it without any hesitations as soon as he will have money.
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BoardTrading Discussion
Re: Whats better holding many coins or fewer coins?
But my questions is, if i have 50k should i rather invest in bitcoin, ethereum or a other high market cap coin compared to a small market cap coin were i could almost own 0.1% if the coin supply is 1 billion and trades at 5 cent.
It should be much easier for the coin with a lower market cap to make much more gains than with Btc, right?
If you really have such a great sum of money to start investing in crypto (I guess if you have a question you are a beginner), why don't start better with learning more about crypto? You will make this decision yourself.
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BoardEconomics
Re: Bitcoin Bearish or Bullish? Here my thoughts: APRIL UPDATE
Excellent analysis as always Filippone; now more and more the bullish rather than the bearish sentiment prevails, and also several graphical indicators seem to turn positive, but nevertheless I believe that we still have to witness a last big downward leg before a real and healthy restart.
We will see the real point towards the end of the year and the beginning of 2020, with the approach of the 3 halving, where a price recovery will necessarily be required.
Yes, the sentiment is slowly turning bullish again, and halving is going to play a mayor role this time. This is why i am reading my reports: to keep track of how things are evolving on the medium/long term and don't get lost in the daily trading noise.
It is worth reading these reports as well as the other points of view of the crypto experts. However, what we really see is that somebody wants to confuse investors and traders: BTC ups and downs happen too often.
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BoardEconomics
Re: How can we make this world economically better?
For a better economic world a cashless world would be perfect. Just like in Star Trek. Everybody products something and ask for nothing in return.
This Utopia has a name already. And it is called Communism. The economy can really become better if those guys that sit in the governments start working honestly, and the corruption will be stopped. We cannot help them.