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Board Bitcoin Discussion
Re: Why you Still believe in Bitcoin?
by
godsavethebitcoin
on 08/04/2018, 10:14:50 UTC
The real question is: "why so many people believed in Bitcoin and now that the price is falling they start to change their mind?"
It begs the question: "did they really believe in Bitcoin or it was just an opportunity to try to get rich?"

I still believe in Bitcoin and the reasons are the same I had when Bitcoin was at $20,000.
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 08/04/2018, 10:07:59 UTC
EDIT: PLEASE PLEASE PLEASE READ IT!! This thread is about short-term trading. The cryptocurrencies that I suggest are adjourned week by week according to new market conditions. The altcoins that you see in this first post are not the altcoins that I suggest to pick for the rest of your life.
Please don't enter and write "I don't know... Dash looks bad, I prefer Ethereum because the project is better". It doesn't have anything to do with the purpose of this thread. THANKS!



So what do you want to know from other member if not comparing between the altcoin that you share here?
With comparing, we will know the advantage and the disadvantage of any each coin above. However, short trader is not suitable for all person so please be aware and be careful

I meant, do not comment about cryptocurrencies that I was suggesting to buy a couple of months ago. This is a weekly thread for short term trades. Any comment is very appreciated, but references to trades of months ago are useless.
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Re: is bitcoin over?
by
godsavethebitcoin
on 04/04/2018, 12:56:07 UTC
Is it the end of Bitcoin and cryptocurrencies? First of all, let’s find out the reason why this question is very popular nowadays.

Bitcoin: from $20,000, in December 2017, to $7,000.
Ethereum: from $1,450, in January 2018, to $380.
Ripple: from $3.90, in January 2018, to $0.50.
Bitcoin cash: from $4,400, in December 2017, to $660.
Litecoin: from $380, in December 2017, to $120.

These are only the first 5 cryptocurrencies ordered by market cap. It’s obvious that there is a strong downtrend since the beginning of 2018.
So is it the end of Bitcoin and cryptocurrencies? I can only share my point of view: NO!

We always talk about investing in cryptocurrencies, most of people don’t even know what they can be used for, how, why. Any of these cryptocurrencies has a team behind that is working to develop a technology that can be useful for people. We are talking about a new technology, which can improve people’s lives.

How many people have an iPhone or a Mac?
Let's talk about Apple’s stock price between 1995 and 1996. The price went from $1.54 to $0.57 (-63%) in less than one year. Today’s price is $166.

Have you ever bought something on Amazon? It’s very convenient, isn’t it?
If you check the chart of Amazon’s stock price between August and November 2008, you will find that the price went from $88 to $35 (-60%) in 3 months.

Do we really need to talk about the dot-com bubble? 🙂

I have received a few messages during last weeks. I can summarize them with: “all the cryptos are going down, how are you handling this situation? Are you not worried?”.
When you invest in a cryptocurrency (I’m not talking about trading), you invest in the company behind it. As I say in my course, you perform a due-diligence of the company, studying the project, the founder, the team, the development through the years etc.
You are not alone in this boat. If you lose your investment, the company loses its project.
I lost 22% of my investments in cryptocurrencies since January 2018. I’m not happy about it, but I’m glad that this crisis is removing all the “take-the-money-fast-and-run” from the market. At the end, I believe it will be just like the stock market. You buy a share of the company that you believe in, that you share the same vision with. If you keep thinking of cryptocurrencies like gambling, you will panic even after seeing -10%. If you take time to think about it and start to see cryptocurrencies like an investment in the company, an investment in a new technology, an investment in something that can be the future, you will live this crisis much better.

Let’s also talk about the technologies that they are developing. Right now the technology is rudimentary, many teams are working on solving problems and they are finding solutions every month. I started to use internet in 2000, I was 10. Do you remember the sound of dial-up modem?
It is funny to hear it now, 18 years after I started to use the internet. How many things have changed? How the technology improved? How many people were skeptical about that technology at the beginning?

So if you ask me “is this the end of Bitcoin and cryptocurrencies?”, I tell you: “this is just the beginning”.

Full article here: http://quoraforexquestions.com/the-end-of-bitcoin-and-cryptocurrencies/
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 04/04/2018, 12:53:06 UTC
Is it the end of Bitcoin and cryptocurrencies? First of all, let’s find out the reason why this question is very popular nowadays.

Bitcoin: from $20,000, in December 2017, to $7,000.
Ethereum: from $1,450, in January 2018, to $380.
Ripple: from $3.90, in January 2018, to $0.50.
Bitcoin cash: from $4,400, in December 2017, to $660.
Litecoin: from $380, in December 2017, to $120.

These are only the first 5 cryptocurrencies ordered by market cap. It’s obvious that there is a strong downtrend since the beginning of 2018.
So is it the end of Bitcoin and cryptocurrencies? I can only share my point of view: NO!

We always talk about investing in cryptocurrencies, most of people don’t even know what they can be used for, how, why. Any of these cryptocurrencies has a team behind that is working to develop a technology that can be useful for people. We are talking about a new technology, which can improve people’s lives.

How many people have an iPhone or a Mac?
Let's talk about Apple’s stock price between 1995 and 1996. The price went from $1.54 to $0.57 (-63%) in less than one year. Today’s price is $166.

Have you ever bought something on Amazon? It’s very convenient, isn’t it?
If you check the chart of Amazon’s stock price between August and November 2008, you will find that the price went from $88 to $35 (-60%) in 3 months.

Do we really need to talk about the dot-com bubble? 🙂

I have received a few messages during last weeks. I can summarize them with: “all the cryptos are going down, how are you handling this situation? Are you not worried?”.
When you invest in a cryptocurrency (I’m not talking about trading), you invest in the company behind it. As I say in my course, you perform a due-diligence of the company, studying the project, the founder, the team, the development through the years etc.
You are not alone in this boat. If you lose your investment, the company loses its project.
I lost 22% of my investments in cryptocurrencies since January 2018. I’m not happy about it, but I’m glad that this crisis is removing all the “take-the-money-fast-and-run” from the market. At the end, I believe it will be just like the stock market. You buy a share of the company that you believe in, that you share the same vision with. If you keep thinking of cryptocurrencies like gambling, you will panic even after seeing -10%. If you take time to think about it and start to see cryptocurrencies like an investment in the company, an investment in a new technology, an investment in something that can be the future, you will live this crisis much better.

Let’s also talk about the technologies that they are developing. Right now the technology is rudimentary, many teams are working on solving problems and they are finding solutions every month. I started to use internet in 2000, I was 10. Do you remember the sound of dial-up modem?
It is funny to hear it now, 18 years after I started to use the internet. How many things have changed? How the technology improved? How many people were skeptical about that technology at the beginning?

So if you ask me “is this the end of Bitcoin and cryptocurrencies?”, I tell you: “this is just the beginning”.
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 20/03/2018, 08:06:57 UTC
Ready for a new week? Let’s see the results of our super altcoins that we chose last week.

Bitcoin Cash. Nothing really changed for this altcoin. From a few dollars over $1,000 to a few dollars under $1,000. Today’s performance is very good and I decided to keep my trade a bit longer.
Ethereum. I can’t count how many investors I have seen panicking on the online forums! Ethereum went from $698 to $460 in less than a week! I have had many messages about this, not only for the weekly trading, but also because many students have a long-term investment on Ethereum (including me!). I confirm what I said: if you don’t believe in Ethereum, you don’t believe in cryptocurrencies at all! Almost all the new altcoins are based on Ethereum platform. I’m sure that this altcoin will be alive for a long time and I’m not really worried about its future. As I said to some traders, I wanted to buy more at $400, but the price went to $460 and then started to recover the losses. Today’s price is $550, with an astounding +16.26%.
Neo. I suggested to take Neo around $80, the price went below $80 and it is currently at $69, but there is a very strong uptrend at the moment that is pushing the altcoin again towards $80 area.
Aragon. This cryptocurrency had a nice start, going to $3.60 during the first day. Then the terrible week affected Aragon as well and today’s price is $2.81.
Lumen. Same trend for this altcoin. A nice start, followed by a crash and now recovering very fast.
Another very hard week, I lost almost 3% of my account. It can happen in any financial market, especially if you usually trade indices or stocks of a particular industry. As I wrote in last article, it is important to minimize the losses and maximize the profits. I’m ready to take the most off my trades if the market changes direction.

The altcoins for this week are:

1. Bitcoin Cash (BCH)
Once again, Bitcoin Cash! The price is more or less the same I suggested last week, this time it is coming from a very strong uptrend.

2. Zcash (ZEC)
Zcash is another popular choice among investors. This week, I have decided to take it for three main reasons:

- The demand is increasing a lot on the major exchanges;
- It has one of the best performances for today;
- Investors were pushing it towards $1,000 at the beginning of the year, now we have the chance to add this solid altcoin (#25 market cap) to our portfolio for less than $250.
 
3. Aeon (AEON)
The potential of this altcoin is huge! Last week we had the chance to buy it at $1.58, so $2.15 might look a bit expensive. I suggest to wait for a price around $2 and buy it.

4. GameCredits (GAME)
This is the second time that I propose this altcoin. Last time, we had a nice profit and the price was $2.23. This time we have the chance to take it for $1.35.
 
5. NewEconomyMovement (XEM)
XEM costs just $0.29, but don’t be fooled by this! It’s not the latest cryptocurrency launched by a small company. It is going to celebrate 3 years on the market next month and currently is in the top 15 cryptocurrencies ordered by market capitalization!
 

This week has started very well for the cryptocurrency market, let’s see if the trend continues!

I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 17/03/2018, 20:04:56 UTC
Bluzelle (BLZ) - I haven't bought it yet, but I am thinking of buying some and I'm asking your opinion.

Bluzelle is a decentralized, on-demand, immutable and scalable database service for dApps. It's very interesting because Bluzelle will have an MVP (Minimum Viable Product) in April this year. They have partnerships with 0x, Zilliqa.

Bluzelle makes data fields small and organized in structure and there is an option to manipulate that data: create, read, update, and delete. That's why it's not in competition with the file storage coin like Storj, Filecoin, Sia.


Sorry for the late reply.
You need to consider that there is more than what the company can offer. The project is something very important, but it's not everything.
Let's compare Nokia and Apple. They both have top qualified engineers and super geniuses to work on their products, I'm pretty sure that Nokia can do 80% of things at the same high standards, but Apple sells a lot better and at a higher price. Why? You can say that they have a better marketing campaign or a better design or something else. We can agree that when an average person needs to buy a new mobile phone, many times the choice is between Apple and Samsung. I'm one of these people. I'm not an expert about mobile phones and if you ask me why not Nokia or Huawei or HTC, I can't tell you exactly why because I don't even know what's different between these brands, I only associate Apple to a high quality mobile phone.
Cryptocurrency market, like any other financial market, is driven by supply and demand. The demand is made by people who want to buy a certain cryptocurrency. Now you might be an expert on that, but an average investor probably doesn't even know about the existence of Bruzelle. It is likely that they will invest their money in Bitcoin or Ethereum or Ripple, because they associate those names to strong cryptocurrencies.
So if the project is great, well, that's a good start, but it's not only about that.

Good luck though Smiley
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 06/03/2018, 15:33:18 UTC
It’s time again to analyze our last trades and see if we can find other interesting altcoins on the market!

Bitcoin Cash. Bought at $1,272, it closed the week almost at $1,300. Not a huge profit, but still a good choice.
Dash. Nothing really changed for this cryptocurrency during last week. It seems that it is following Bitcoin’s performances.
Decred. From $77 to $80, almost +4%.
Diamond. From $12.97 to $13.65, another good altcoin that gave us a small profit. Today, Diamond is facing huge losses, -14% at the moment. This gives us the opportunity to take Diamond this week again at a discounted price.
Nexus. This is what I wrote a week ago: “The total volume of buy offers around the current price is impressive!”. After two days, Nexus passed from $1.77 to $5.18, +193%!

PS: I “only” got +172% because I decided to quit the investment before it reached its peak.

Yesterday, I was analyzing new opportunities on the market and it was quite clear to me that many cryptocurrencies were overpriced. This is the reason I decided to publish the article on Tuesday (and not Monday). At the moment, this choice is proving to be right because there are just a few altcoins that are increasing their value.

Let’s see this week’s choices:

1. Dash (DASH)
As mentioned above, altcoins lost value at the beginning of the week and so we have the opportunity to take some of them at a discounted price. I’m choosing Dash again, this time at $578.

2. Zcash (ZEC)
Zcash is in a short-term downtrend, but the demand is high around $370-$380 and I believe that this will be enough to invert the negative trend.

3. OmiseGO (OMG)
This is a very strong cryptocurrency and a popular choice for many investors. It is in a good trend, but it’s been one of the worst altcoins for last week. I believe that it was just a correction of the market and OmiseGO price will start to go up again.

4. Diamond (DMD)
Today’s performance is terrible for Diamond, but it gives us the chance to take again this coin at a very tempting price. On top of that, the psychological barrier of 100,000 satoshis is near and represents a good support.

5. GameCredits (GAME)
The reason I choose this coin is the same that led me to choose Nexus last week: the volume around the current price is impressive. $2.23 is the current price and is increasing very fast.

Another good week! Small profits with most of our choices and a very nice and huge profit with Nexus. I leave you with my usual recommendation: remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

Original article here: http://quoraforexquestions.com/interesting-altcoins-week-05-mar-11-mar/
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 02/03/2018, 10:05:58 UTC
I analyze demand and offer week by week to try to get the most promising altcoins in the short-term (days or weeks).
I agree that some altcoins are very good for long term investments, but, for the purpose of this thread, if I see that it is not convenient to take that cryptocurrency for that week, I just wait for a better price and/or better conditions.

I've just had Nexus +179%. After analyzing it again, I took my profits because the conditions and the price changed and it doesn't look convenient to me now. Even if I thought that it is a good long term investment (but I don't think so), for the purpose of this thread I wouldn't keep it, I would wait for a better price and/or conditions to insert Nexus again in my top 5 list.
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 02/03/2018, 01:02:47 UTC
Nexus +179%  Grin
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 28/02/2018, 12:17:36 UTC
Those are all good coins and are very interesting because of their performance the past week but what can you say about XRP? There has been so much hype over it the past months, however its price right now has been poor. Many have been giving advise to buy it but now, people are saying that they should sell all their XRP otherwise they may regret it in the future. Just a few months ago, many have said that XRP is a good coin but it's now in a completely different state.

It's a shame that I can't post pictures, but I will try my best to make it clear Smiley
I have published an article about Ripple more than one month ago, I'm going to take it and consider the current price and value of Ripple to answer.

Is Ripple a good investment? I can’t say yes or no, because there are too many factors to analyze and what could be a good answer today, could be a very bad one tomorrow, because the scenario changes everyday.
In my Udemy course, Cryptocurrency Investment 2018: Invest in Bitcoin & Altcoins, I give some criteria to understand the value of an altcoin. I’m going to report them here and analyze Ripple (XRP) specifically.

The altcoin must be present in many major Exchanges.
Ripple is quoted on Bittrex, Poloniex, Cex.io, Binance and many others. From this point of view, Ripple is a very good investment.

The altcoin must have a valid project.
Ripple’s goal is to change entirely the structure of payments, especially international payments. They take too long, you pay a fee for transferring money and you pay a fee for the foreign exchange rate. This is what you can read on the White Paper: "Today, payment networks are siloed. Correspondent banking connects networks through a series of intermediary banks and central counterparties. Each intermediary adds cost, obstructs visibility and creates a potential point of delay or failure."
The developers of Ripple believe that payments should move like information moves on the web today: globally, securely, instantly, freely.
The project looks good, Ripple Network is very fast and a payment takes around 5 seconds to be processed.
You can read all the details about it on Ripple’s website: ripple.com.

The altcoin must be sustained by a trustworthy company and competent developers.
Maybe not everyone knows that Ripple is a company that was already active in the Financial industry, even before the creation of the cryptocurrency. It serves several banks, including the $60 billion Spanish banking giant BBVA. In addition, at the beginning of 2018, MoneyGram also integrated Ripple’s altcoin (XRP) into its payment system. Developers know what they are doing.

An active team in the community is another signal that the project is moving forward. Trust me, the team is VERY active! I have added Ripple and some team members on Twitter and they share info and reply to questions every day.

The scarcity of an altcoin can also contribute to the growth of the price.
Circulating Supply is the best approximation of the number of coins that are circulating in the market and in the general public’s hands.
So it is very easy, Ripple has a circulating supply of 39 billion, this means that currently there are 39 billion Ripple in the world.
When it comes to total supply, we need to make a differentiation between total supply and max supply.
Max Supply is the best approximation of the maximum amount of coins that will ever exist in the lifetime of the cryptocurrency.
Total Supply is the total amount of coins in existence. So it is the maximum amount of coins that can be supplied minus any coins that have been verifiably burned. The most common way to burn coins is when you send Ripple to a Bitcoin address or any other address that doesn’t support Ripple.
In any Financial market, the price is made by supply and demand. The demand for Ripple is represented by people who want to buy it. The supply is represented by people who want to sell AND by the creation of new coins.
Ripple has reached almost two-fifths of the total supply, there’s still a huge amount of new coins (around 60 billion) that will be supplied in the next years, so the demand needs to grow in order to sustain the growth of the price.

Looking at these 5 criteria, I would say that Ripple is not a bad investment. But wait, is there something that I’m missing? Of course there is! We also need to consider the most important factor: the price.

Let’s have a look at Ripple’s price at the beginning of each year:

2013 = $0.0058
2014 = $0.0277
2015 = $0.0242
2016 = $0.0062
2017 = $0.0065
2018 = $2.30
Today (28/02/2018) = $0.91

It is easy to see that there has been one fundamental year for Ripple: 2017. Let’s have a look at the growth year by year:

2013 = +378%
2014 = -13%
2015 = -74%
2016 = +5%
2017 = +35,285%
2018 = -60%

I think that more than one person became rich in 2017 with Ripple, but you can see that 2018 has started off on the wrong foot. Is it going to be like this for the rest of the year? Is there a chance that the price will go up and form a new high? It is hard to say.



If you open Ripple price chart on coinmarketcap, you can see that investors started to be interested in this cryptocurrency only in the middle of 2017. It is a relatively new market and it is hard to say if the price will continue to fall or it will increase and form a new high during the 2018.

So… is it a good investment?
Consider 2 different scenarios: the price goes up and the price goes down.
If the price goes up, the best scenario I can think of is that it reaches $10 during 2018. I can’t imagine a higher price for Ripple.
If the price continues to go down, it may reach the $0.15-$0.30 range that has characterized two-thirds of 2017.

In the first scenario, from $0.91 to $10, it is +999%.
In the second scenario, from $0.91 to $0.25, it is -72%.

The potential reward looks amazing, but the potential risk is also very high. We are talking about a cryptocurrency, after all.
What I suggest is to apply the first rule of any investment: diversify your portfolio. In this way, your risk to lose all your money will be lower.
Let’s suppose that you invest in Ripple only 10% of your total balance.

In the first scenario, from $0.91 to $10, investing 10% of your total balance, you get +100%.
In the second scenario, from $0.91 to $0.25, investing 10% of your total balance, you get -7.2%.

This looks much better. You keep the same ratio between profit and loss, but you are not risking to lose all your money.

Hope it helps Smiley
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 28/02/2018, 10:04:39 UTC
Your advice seems to be centered around a holding approach but then you change your opinions on a weekly basis, it doesn't seem like the best way to do things. If you're going to change each week should you not better look for shorter term trades.

An example of this is ADA which last week you suggested and spoke of investors expectations for the end of the year but now you won't suggest it for this week, what changed?

I'm quoting myself:
Please remember that the altcoins that I consider are for short term investments (days or weeks).

I still believe that ADA represents a good investment for the long term and I still have ADA from the previous week, but, in my opinion, there are altcoins that are better for this week. Take my sentence "Some investors expect to see Cardano over $10 by the end of the year" as "it's a plus to trade a cryptocurrency that also has a huge potential in the long period".
I study the order book and the market history for my analyses, so I can understand when the demand is increasing for a cryptocurrency. This only concerns the short term.
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Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 27/02/2018, 13:33:18 UTC
Let’s start this new week checking our last trades and analyzing new altcoins and new opportunities on the market.

Dash. It’s been a hard week for almost all the cryptocurrencies and Dash is not an exception. From $722 to $620. I still consider Dash one of the best cryptocurrencies to buy in this period, so I’m holding this altcoin.
Diamond. I expected Diamond to reach a new monthly high over $17, but the altcoin is still around $13-$14. Not what I expected but, considering that it’s been a bad week for cryptocurrencies, Diamond proved to be an interesting choice.
Dynamic. I suggested to try to take the altcoin below $2.70, right now the price is $2.40. Not a good investment so far, but the altcoin is currently in a short term uptrend and may reach $2.70 again very soon.
NewEconomyMovement. The range $0.60-$0.50 has been broken and the altcoin is currently at $0.41.
Cardano. This is probably one of the few altcoin not to have lost value during last week. Great choice for last week, but I will not propose it again for this week.
Let’s have a look at the new opportunities now:

1. Bitcoin Cash (BCH)
Not a good week for Bitcoin Cash too. This gives us the chance to take this coin at a good price ($1,272). Today’s performance is +7.33%, not a bad start of the week for one of the most popular cryptocurrencies on the market.

2. Dash (DASH)
I started to suggest Dash two weeks ago, when the price was $608. After a deep analysis of the market, I don’t change my opinion, I still think that this altcoin represents a great opportunity.

3. Decred (DCR)
Top 50 by market capitalization, Decred is seen as a valid option by many investors. 14 months ago, the price was $0.47, this is enough to show the potential that this altcoin has. $77 is the current price and today’s trend seems to be positive.

4. Diamond (DMD)
Diamond once again. The demand is increasing and we have now a better price. Let’s see what happens this week.

5. Nexus (NXS)
The price is low, the potential is high. The total volume of buy offers around the current price is impressive!

After 10 winning trades in a row, last week gave us a hard time. You can’t always win. This is valid for any financial market, especially cryptocurrency market.
As usual, remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

Link to original post: http://quoraforexquestions.com/the-most-interesting-altcoins-for-this-week-26-feb-04-mar/
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Merits 1 from 1 user
Re: What if an external person holds 25% of the total supply of a cryptocurrency?
by
godsavethebitcoin
on 26/02/2018, 19:35:59 UTC
⭐ Merited by BTCforJoe (1)
It's not a good thing if someone has 25% of the total supply.
Let me give you an example.

There are 100,000 users here and everyone has at least one lemon. The total supply is 1,000,000 and I have 250,000 lemons.
The price for a lemon is $1. This price is made by the total supply and the total demand that are currently on the market. When new investors are joining and other investors want to quit, demand and supply change and so the price.
Let's say that there is a total offer to buy 50 lemons at $1.01 and a total offer to sell 25 lemons at $1.01, what happens? The offer to sell at $1.01 will be satisfied and the new market price will change from $1 to $1.01.
Let's suppose that this positive trend continues and the price reaches $1.10 and I decide to get rid of my investment, offering my 250,000 lemons on the market at the price of $1.10.
What happens? My whole offer of 250,000 lemons at $1.10 needs to be satisfied otherwise the price will not increase anymore. In this scenario, it will be hard for the price to go up, but we can't say the same about the opposite direction. If other people decide to get rid of their investments, the supply will increase on the market, pushing the price down. You can understand that my offer to sell 250,000 lemons at $1.10 works as a cap.

If you have a hint that someone is going to buy a huge amount of an altcoin, you may want to join the investment before this happens. Why? What happens if you are in the market before I buy my 250,000 lemons? To buy 250,000 lemons, I need people who are willing to sell them to me. Let's say that the current structure of the market is this:

Price         Total Offer
$1.00              20,000
$1.01              25,000
$1.02              30,000
$1.03              25,000
$1.04              20,000
$1.05              15,000
$1.06              45,000
$1.07              35,000
$1.08              35,000
$1.09              50,000

To buy 250,000 lemons, I need to buy 20,000 at the price of $1,00; 25,000 lemons at the price of $1.01 and so on, till my offer is completely fulfilled at $1.08. The new selling price on the market will be $1.09.
The price goes from $1.00 to $1.09 in a few seconds, +9% in a few seconds... that's the power of a whale coming to play.

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Re: [Guide] Trading method types
by
godsavethebitcoin
on 26/02/2018, 09:21:51 UTC
It seems to me, that the best strategy for buying any coin is when it comes to a new high all the time. Here you can put a short order stoploss. And wait for profits X5-X10

How can you exactly short an altcoin?
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Board Trading Discussion
Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 25/02/2018, 14:02:46 UTC
Thanks everyone to add your opinion, I appreciate it and I'm sure that other users also appreciate what you share.
Please remember that the altcoins that I consider are for short term investments (days or weeks).
The project and other qualitative factors are very important to evaluate the altcoin, but quantitative factors such as volumes, current offers etc. are more important to me to consider the short term.
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Board Trading Discussion
Re: [Guide] Trading method types
by
godsavethebitcoin
on 25/02/2018, 13:51:35 UTC
For example, Day Trading involves conducting multiple trades throughout the day, and trying to profit from short-term price movements. Day traders spend a lot of time staring at computer screens, and at the end of the day, they usually just close all of their trades.

Scalping is a day-trading strategy that a lot of people are talking about. Scalping attempts to make substantial profits on small price changes, and it’s often referred to as “picking up pennies in front of a steamroller.”

scalping focuses on extremely short-term trading, and it’s based on the idea that making small profits repeatedly limits risks and creates advantages for traders. Scalpers can make dozens—or even hundreds—of trades in one day.

Meanwhile,Swing Trading tries to take advantage of the natural “swing” of the price cycles. Swing traders try to spot the beginning of a specific price movement, and enter the trade. Then they hold on until the movement dies out, and take the profit. They try to see the big picture without constantly monitoring their computer screen. Swing traders can open a trading position, and hold it open for weeks (or months), until they reach the desired result.

So now that you know what trading is, how is it actually accomplished? How can someone predict what Bitcoin will do?

The short answer is that no one can really predict what will happen to the price of Bitcoin. However, some traders have identified certain patterns, methods, and rules that allow them to make a profit in the long run. No one exclusively makes profitable trades, but here’s the idea: At the end of the day, you should still see a positive balance, even though you suffered some losses along the way.


Scalping
Scalpers hold their positions from a few seconds to a few minutes. The main goal of this trading style is to "steal" a small amount from the market in a short time frame. Technical analysts focus on low time-frame charts, such as 1-minute or 5-minute charts. Fundamental traders usually focus on the value of the crypto compared to its price. Scalping is referred to as a double edge sword technique because you can make money in a few seconds but you can also lose money in a few seconds. Since scalpers are aiming for small and quick profits, one of the main obstacles is represented by the fees that you need to pay to your Exchange. Fees, in fact, have a huge impact on a scalper's trade.

Day-trading
If you are a day trader, you can keep your positions for a few minutes or for a few hours, but usually you close all your trades by the end of the day.
Technicians usually focus 15-minute and 1-hour charts to spot any kind of minor trend.

Swing trading
Swing traders hold their trades for days or even weeks. You need to have a deep understanding of minor trends and mid-term trends to be a profitable swing trader. 4-hour and 1-day charts are the most popular among swing traders.

Position trading
This is the style that best describes an investor rather than a trader. A position trader tries to invest in cryptocurrencies that can give good returns in the long period. Technicians usually focus on daily and weekly charts, while fundamental traders analyze qualitative factors to try to understand the intrinsic value of the altcoin. Also, the analysis include the study of quantitative factors such as market cap, circulating supply, max supply and volume of transactions.

I have summarized a lecture of my course on crypto trading, hope this can add value to your free guide Wink

Nice post OP, now I know what kind of trader am I. I categorize myself as swing trader. But sometimes I down grade myself to position trader most especially if my trade didn’t go well and go down to what I am predicting to go up.

You should always have a strategy to get out of your investment if things don't go in a favorable direction. Never ever think "ok, it's down, but I can keep it until it goes up again".
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Board Exchanges
Re: What are the best exchanges?
by
godsavethebitcoin
on 23/02/2018, 12:08:12 UTC
I have an account with Bittrex, Poloniex and Binance.
Poloniex had some issues before I opened an account. Since September 2017, it looks fine to me, never had any problem.
Bittrex had some issues by the end of 2017. I had an enhanced account, then they blocked my account, I couldn't withdraw any money because of a name mismatch that they created for many customers. It took months to fix the problem, but it looks fine now.
I have a course on Udemy, I tried Binance for my students because I wanted to give some alternatives to Bittrex and Poloniex. I must say that it seems to be the best one.
I still use Bittrex mainly because it gives you so many choices, but Poloniex and Binance look good to me.
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Board Trading Discussion
Re: Long term vs. short term investing
by
godsavethebitcoin
on 23/02/2018, 12:00:18 UTC
I tried daytrading back in the day. At first I was making good profit, then with just a few bad trades I broke even, and sort of ended up wasting a whole day on trading. Never again. It's really just not for me, so I end up doing semi-long term trading instead(weekly trades).

If you like staring at charts all day and go crazy, then day trading might be for you.

Your problem then is risk management, not the type of trading you choose Wink
If you opened 10 trades per day and after 100 trades you allowed 2 bad trades to destroy everything, you would ruin everything in 10 days, but the problem is the way you manage your risk.
If you open 10 trades per week but you still have the same money management approach, it will not take 10 days, but sooner or later it will happen again.

For the OP, I wrote this in another thread:

Scalping
Scalpers hold their positions from a few seconds to a few minutes. The main goal of this trading style is to "steal" a small amount from the market in a short time frame. Technical analysts focus on low time-frame charts, such as 1-minute or 5-minute charts. Fundamental traders usually focus on the value of the crypto compared to its price. Scalping is referred to as a double edge sword technique because you can make money in a few seconds but you can also lose money in a few seconds. Since scalpers are aiming for small and quick profits, one of the main obstacles is represented by the fees that you need to pay to your Exchange. Fees, in fact, have a huge impact on a scalper's trade.

Day-trading
If you are a day trader, you can keep your positions for a few minutes or for a few hours, but usually you close all your trades by the end of the day.
Technicians usually focus 15-minute and 1-hour charts to spot any kind of minor trend.

Swing trading
Swing traders hold their trades for days or even weeks. You need to have a deep understanding of minor trends and mid-term trends to be a profitable swing trader. 4-hour and 1-day charts are the most popular among swing traders.

Position trading
This is the style that best describes an investor rather than a trader. A position trader tries to invest in cryptocurrencies that can give good returns in the long period. Technicians usually focus on daily and weekly charts, while fundamental traders analyze qualitative factors to try to understand the intrinsic value of the altcoin. Also, the analysis include the study of quantitative factors such as market cap, circulating supply, max supply and volume of transactions.

It's like asking to a top tennis player which racket is the best. Top players use different rackets, it must fit your style.

I have long term investments and short term investments, my comment here is unbiased Smiley
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Board Trading Discussion
Re: Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 22/02/2018, 08:45:49 UTC
Hello everyone! Every week I share on my blog the most interesting cryptocurrencies to trade. It is completely free and I thought I could share the article here so you can give me your honest opinion about it and you can also tell me what you would change (e.g. more than 5 altcoins or a shorter article etc.).
My rank doesn't allow me to share pictures yet.

1. Dash (DASH)
Dash is still one of my favorite altcoins. If you still have Dash from the previous week (at $608), my advice is to hold this altcoin. If you didn’t have the chance to buy it, you can consider to do it now.
 
2. Diamond (DMD)
$17 was the peak for the previous week, I think that this altcoin has the potential to go higher than $17, so I choose Diamond for this week too.

3. Dynamic (DYN)
This is a new entry! Today’s performance is -7.70% and this gives us the chance to take this promising altcoin at a discounted price.
 
4. NewEconomyMovement (XEM)
During last 3 weeks, this altcoin has been between $0.50 and $0.60. Now the price is $0.49 and the demand is increasing again, I don’t think it is a coincidence.
 
5. Cardano (ADA)
With a market cap of $10 billion, Cardano is one of the most popular altcoin among long-term investors.
Some investors expect to see Cardano over $10 by the end of the year. At the moment, I’m happy to take it for a few cents 🙂

 
With last week, I marked 10 good investments in a row. Let’s see how it goes with these altcoins.
As usual, remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

Link to the article: http://quoraforexquestions.com/the-most-interesting-altcoins-for-this-week-12-feb-19-feb/

As the leader of the Smart Contract, the condition of Ethereum is quite surprising because it lost its second position, where the position is filled by Ripple. Interestingly, within a week, Ripple prices have doubled, and the value is close to Ethereum. Ripple rose nearly 40%, with marketcap above $ 15 billion.

We had a good profit with Ethereum last week and almost doubled the investment with Ripple 2 weeks ago Smiley
Honestly, Ethereum is my favorite long-term investment but in this kind of articles I'm more focused on the short-term.




These are pretty good altcoin and worth to invest. I think the market will continue to go down in the next few days, which will be the opportunity for you to buy these altcoin at a very low price. The market fluctuates so keep yourself a reserve money to be able to buy a lot of good altcoin during market downturn.

Thanks for your feedback! Never invest 100% of your trading balance!
I'm actually happy during very strong crisis, I get the chance to buy at a lower price with a higher volume Smiley
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Board Trading Discussion
Most interesting cryptocurrencies of the week
by
godsavethebitcoin
on 21/02/2018, 22:32:32 UTC
EDIT: PLEASE PLEASE PLEASE READ IT!! This thread is about short-term trading. The cryptocurrencies that I suggest are adjourned week by week according to new market conditions. The altcoins that you see in this first post are not the altcoins that I suggest to pick for the rest of your life.
Please don't enter and write "I don't know... Dash looks bad, I prefer Ethereum because the project is better". It doesn't have anything to do with the purpose of this thread. THANKS!



Hello everyone! Every week I share on my blog the most interesting cryptocurrencies to trade. It is completely free and I thought I could share the article here so you can give me your honest opinion about it and you can also tell me what you would change (e.g. more than 5 altcoins or a shorter article etc.).
My rank doesn't allow me to share pictures yet.

1. Dash (DASH)
Dash is still one of my favorite altcoins. If you still have Dash from the previous week (at $608), my advice is to hold this altcoin. If you didn’t have the chance to buy it, you can consider to do it now.
 
2. Diamond (DMD)
$17 was the peak for the previous week, I think that this altcoin has the potential to go higher than $17, so I choose Diamond for this week too.

3. Dynamic (DYN)
This is a new entry! Today’s performance is -7.70% and this gives us the chance to take this promising altcoin at a discounted price.
 
4. NewEconomyMovement (XEM)
During last 3 weeks, this altcoin has been between $0.50 and $0.60. Now the price is $0.49 and the demand is increasing again, I don’t think it is a coincidence.
 
5. Cardano (ADA)
With a market cap of $10 billion, Cardano is one of the most popular altcoin among long-term investors.
Some investors expect to see Cardano over $10 by the end of the year. At the moment, I’m happy to take it for a few cents 🙂

 
With last week, I marked 10 good investments in a row. Let’s see how it goes with these altcoins.
As usual, remember that I’m only sharing my opinions and this is not a solicitation to buy/sell cryptocurrencies. Cryptocurrency trading has large potential rewards but also large potential risks, so use your head and do not invest money that you can’t afford to lose.

Good luck!

Link to the article: http://quoraforexquestions.com/the-most-interesting-altcoins-for-this-week-12-feb-19-feb/