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Showing 20 of 219 results by flyingdutchmen
We see a normal market correction. This correction was the biggest one because the market grew exponentionally last year. We didnt see such a grow and such a fall. 
It was not even the biggest one, in previous crashs bitcoin declined much more in price, more than 90%...this time bitcoin has found strong resisstance around the level of 6k...its more severe for altcoins though
We are sinking for almost 7 months so I believe that is less than 1 year and a half, we'll go to the moon again. I said that because when the market is still not exposed it took 2 years before it recovered but the situation has changed so I'm sure that we'll go faster this time.
What makes you believe the bear market will last 2 years? There was only one bear market that was taking 2 months and that was correlated with the MT Gox hack. This year things are far less severe. The hack in 2014 made almost all liquidity disappear, hence the long recovery, but I dont see that this time.
hi is there are any other coin than minexcoin who pays more than 5% monthly return on to hold their coins in the wallets. i am not trying to promote the coin just want to diversify my investment
when it comes to passive income,i think the really good way for it is mining. of course, unless you have some initial capital to set up and make a rig.
and maintain it, it could be profitable and provide a passive income.
or sometimes, by just hodling on to any coin you have though.
and just wait for a nice hype. that could be a good way.
just saying
In general I agree, but the times are not ideal for getting into mining now, last year the difficulty of mining went through the roof and this year all the coins got shredded in value while the difficulty only adjusts in one direction: Up. This combo kills mining profits.
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Crypto is only as complicated as you make it. Do you need to be able to understand economics or how the monetary system works in order to be able to use it? Absolutely not. Most people I speak to don't even know what 'fiat' money means and certainly don't understand how it is created and what is wrong with the model of that. Explain bitcoin to new users in simple terms. You don't need to needlessly confuse them with tech speak and how things work under the hood. Just explain the basics of how it works and the benefits of using it or fiat money (ie the money in their pockets).
I think quite the opposite, in order to get a real understanding about crypto and why so many people belief it can replace the existing monetary system you have to help people understand what is wrong with traditional monetary systems (creating money out of thin air) and why crypto currencies can be a solution to the problem.
i read this and see myself. everyone had such mistakes. the market makes you do what it want. Probably if you feel you need to sell, this is the moment you need to wait 
every person of course has an error, bro. especially I personally also have errors. because the current situation is very alarming compared to the previous situation, so many people think short, and most people also panic. therefore many of us make mistakes.
the mistakes you made in the past still gave you something in return. Insight through experience. You can never get these lessons by reading a book. Learn from your mistakes, move on, makebetter decisions in the future.
it hurts to see how well people understand crypto if they begin to "question" the tech of ETH because the market crumbles a bit. If it recovers, the same people will probably won't say anything about the tech anymore but speaking of "moons" again.
Will Ethreum voice back like it did last year or else we are having false expectations about recovery of ethreum when we know the fact that crypto currency has become so unpredictable nowadays ? Kindly share your responses as downfall of ETH has become talk of the town.
As of now we can't tell if Ethereum is going to make another ATH(All Time High) before this year ends because there is a lot of negative news about it. We could only hodl our Ethereum if we are not happy about its price right now, hopefully Ethereum price would recover soon. Maybe there will be a huge come back that is going to happen again in the market about of being so bloody, we can never tell what could happen in the future.
Cryptocurrencies nature is pump and dump from time to time, it could be a disadvantage and advantage at the same time, Ethereum is a great coin and I think it will skyrocket again soo, let's just wait for that
I agree with all of that, just not sure if the news are the reason for the decline. I read that countless ICOs are selling their Ethereum to survive and that sounds very plausible. Many might not survive and finally get some weak projects to disappear. I think this is the cleansing the market needs.
I have been keeping eyes on ethereum so far this week and I realize a strange dip in the value of ethereum. Well I don't think this will lead to the collapse of ethereum completely, however, I do think it will go down way more due to panic sales and most ICO's selling their tokens. Guys do you think all ECR20 tokens will follow ethereum in terms of further dip in prices?
No, it's not true. I should remind you there was a lot of ERC20 asset that still defend its price caused by they have been creating a fully working product. that's the key to protect the investor's trust. I should remind you that it will have a correlation with the bitcoin price too. you can try to see the ethereum based icos which have created product. Can you name a few of these projects? I cant think of a single one actually that retained its price. I am mostly holding alts with real products (Hacken, Cobinhood, etc) but they have been slammed nonetheless.
Your answer would be appropriate if the situation lasted for several weeks, but the situation has been deteriorating for half a year already. It seems to me that everything will be resolved in a few years, not earlier.
Look back in history, do you know the average length of a bear cycle? It is about a year, yes a year. We had bear markets that lasted half a year and others lasted 2 years, so in average 1 year. We just passed half a year, so nothing out of the unordinary.
This blockchain is the simplest way to create own token for the monetization own idea. Today price is cheapest. But I remember last summer when ETH was by $270 and after 2 months it became near $600
Remember the sentence "history repeats itself"? I am convinced we will see the same this year...Ethereum was bleeding in the last months without any reason, it brings more value to crypto then any other coin. Price will double within short time again.
I had only a glimpse on it but there seems to be an active github and a real company behind it and both things are rare unfortunately as most projects consists of dreamers who are great creating visions but fail to deliver.
I don't think you need to explain cryptocurrency from the technical point of view. Just like we explain the internet: it is an information protocol. We did not explain about TCP/IP and IP v4 stuff. Just mention that it is a digital currency where money can be transferred quickly with a reasonable fee. And then show the wallet, how to transfer, and stuff...
But that does not explain it...if you just say it's digital money. What is digital money? Who created it, how can it be worth something. I think your explanation is simple but yet too simple to be real explanation.
I know only two worthy projects that allow you to receive a passive income of more than 5% per month. One of them already mentioned in this topic, this is Dropil. It has a tendency to further growth and plans to enter large crypto-exchanges. Another project - Steemit, has existed for more than 2 years in the crypto-space and its development has reached a maximum point at the moment. Passive income is excellent, but over the past month, these projects have lost more than 80% of their depot. That is, to recover to the initial amount of investment, I now need 1.5 years...
I heard good things about dropil and steemit but did not look into them in detail yet. You mentioned that these projects have lost more than 80% of their depot. Can you explain what do you mean with the term "depot? Thanks.
I highly disapprove of purchasing a Ripple coin as a possible investment. This coin is very centralized and its quantity is not limited by any mechanisms, other than the desire of its owners. The purchase of the Ripple can be compared with the purchase of Zimbabwe's currency, which has the greatest inflation possible. And if you take into account that investments in crypto currency should be the opposite against world inflation, then why do you need Ripple?
I am also not thinking about investing in Ripple, simply because it's pre-mined it with no fixed supply, so that make it a FIAT digital currency. I find the argument with the Zimbabwe currency a bit odd, how should people living in Zimbabwe be able to buy crypto currency if they cannot use their fiat money for it?
If you start with 10-year statistics, then any of the top coins of the crypto-currency market has a rise and fall in quotations several times a year, which is enough to make a profit. Take for example DigiByte - during 2017-2018, its cost has changed more 4 times, synchronously alternating the rise and fall. You just need to carefully select the coin for trading and you will easily adapt to its fluctuations throughout the year and be able to make money on it!
I think you know the answer, no one can tell you the time. But I hope it will be very soon. If new investors gather in the market then the market will rise faster.I have looked into Digibyte but stayed away from it as the projected decided to have this insanely high token supply. But I guess for trading it would still be suitable, especially if it's prices follows a certain scheme that easily can get calculated.
The crypto currency market has never been a financial bubble. Just because of the low liquidity, the crypto currency is easy to manipulate, which is what some enterprising financiers use. At the moment it's impossible to say exactly what the global recession of the crypto-currency market has ended, but it is possible to make long-term investments in those projects that you truly trust. After all, in the crypto industry there must be real projects that work and realize their ideas, which means that one day the recession will definitely end and there will be growth!
I agree with these points, regardless if we are in an uptrend or downtrend, if you invest in serious projects that will deliver and add value to the ecosystem, then you can always make some profit. I am not sure though if we are really in a global recession. I think when we are in a true recession we will not see any ICOs anymore, people have given up, and project and project dies.
I could talk for a long time about popular coins that have the function of passive income and will bring you profit even if you do not do anything. But to trade now, when the prices of many coins fell by several dozen times - it's a crime. Your crypto-currency portfolio should have been formed somewhat earlier, when prices were higher. Now, in order to save at least part of your funds, your tactic should be - HODL!
I also think it makes no sense to sell when you are in the double digit loss, all you can do is hodl. Of course if you still believe in the project you can buy more to reduce the average price you paid for your token and the future uplift might be higher.
If in the winter I participated in 50 bounty campaigns, now there are only 15 active projects. Recently, I have great difficulty finding good bounty campaigns. Such difficulties are most likely due to the fact that recently, due to the global Dump in the crypto currency market, the number of ICO projects has sharply decreased. And those ICO projects that have already been launched went into standby mode and do not conduct any active activities.
I also get the feeling that currently many ICO projects are holding back and wait for a better climate. When you write that many ICOs that launched went into standby mode, do you mean they did not starting coding/working on their project or that they did not get listed on exchanges yet?
What makes you think the market will start growing in 1-2 years, not earler? Do you really believe we might be in a 2-3 years bear market? The last long bear market was in 2014 and it lasted 2 years long whcih was the longest one recorded...and you think this one will be longer?
Earlier in August I pointed out that we are in the accumulation stage, and it's best for buying as the prices pretty much bottomed..most people buy during the parabolic move, that is a big mistake. Take you chance and buy the bottom as long you can.