Search content
Sort by

Showing 20 of 335 results by jayhawk1
Post
Topic
Board Economics
Re: If you had 10000$
by
jayhawk1
on 17/11/2018, 07:30:53 UTC
I will not hold the assets that I have as much as it is just silent without movement, surely I will use that much capital for trading and as much as possible try to grow the assets that I have become more than before.
This is best strategy if is I am getting you in that case. Always divide your income and investment in two or three portions and a lot every single portion for one good cause. Like you are here dividing in two portions and then making one for gold and other for Eos. I would rather invest major part in bitcoin as part time and other one for my family and relations.
Post
Topic
Board Trading Discussion
Re: Too many exchanges?
by
jayhawk1
on 09/11/2018, 12:09:36 UTC
The crypto market is growing and its profitability is huge. The reason for so many exchanges that it focuses on many ICOS campaigns that offer multiple transactional exchanges and the future they will be profiting from selling and buying Altcoins and Bitcoin.
Everything does have advantage and the disadvantage. In a way it’s good to have lots of exchanges so there will be a competition among them all on which one will emerge as the best exchange so far, and apart from that another reason could be what you have just said.

But the reason you might not like it is because majority of them are owned by scammers, and that is a huge spoiler for legit exchanges that are still starting up new, cause everyone will now think they are also scammers. But whatever, I can’t fall for all that.
Post
Topic
Board Trading Discussion
Re: How to learn trading?
by
jayhawk1
on 09/11/2018, 11:18:36 UTC
I want to learn how to trade. If you want, then please give me some advices, tips etc. Links to all kinds of helpful information is also very good. Please don't write empty filler comments.

EDIT: I want to day trade and swing trade. I know about cryptocurrency, so I don't need information about that. I prefer not to tell my capital investment. I am already trading and almost all my investment is in bitcoin cash right now. I am basically looking for guidance on how to trade. I am not a complete beginner, but still very new in trading.


well I guess you already know how to trade, you say it yourself on this post.
but you may be confused to look for the benefits
You can search and research altcoins that can grow or benefit. trade in bitcoin vs altcoin or eth vs. alcoin. this depends on you having information about what you are going to trade
Trading is not easy though, but since he’s not beginner, it makes things easier since there wouldn’t be a lot for him to learn. By the way I once read an article and I believe it will help anyone that is interested in trading cryptocurrency and here is the link--- https://chainoperator.com/making-a-living-day-trading-cryptocurrency/

And another thing you should know is that trading cryptocurrency shouldn’t be something you be in a hurry, it’s best to have patience and stop following those that are looking for 20% profit daily, better to go for 1% daily profit cause that way you wouldn’t lose much when the price drops. It’s hard to tell where the price is going exactly.
Post
Topic
Board Trading Discussion
Re: Is Binance market domination bad for crypto?
by
jayhawk1
on 09/11/2018, 10:15:38 UTC
If they took advantage of this situation it certainly would have been bad but I do not think they are doing anything wrong for the customer. Their only downside has been offering to list coins in exchange for money, which means even a scam coin could potentially pay binance to get listed and seem legit and than sell all they have and run, which is bad business but it does not mean binance is doing this out of scamming people, they are doing it to make more money, considering their fee's are low they need to find a way.

On top of that they have a high withdrawal fee which can be dropped to half and even more, however they are not doing it to make more money via withdrawal fee's, how much do you really believe they could rack up on that profit, they are just doing it to keep you from withdrawing smaller amounts and keep on trading for another while. I really believe if customers make a lot of money it would mean a lot more business for them so they really hope we all make a lot of profits so we keep on trading and making them money.
Post
Topic
Board Trading Discussion
Re: Problems with Localbitcoin or Paxful?
by
jayhawk1
on 09/11/2018, 09:34:43 UTC
We are a small team of top traders On Localbitcoin and Paxful ready to try something new!!

The last couple of years have seen a drastic change and had a negative impact on the way us Top Traders have been treated. Customer service is lacking, undecided disputes, accounts banned for no reason given and lost funds to scammers. No action is being taken!

We are taking this power back. We know the revenue generated for these sites are because of our trading volume and they just seem to "take the money and run". We are left dealing with untrained admins to deal with complex trade issues that just copy and paste preset communication content to answer our questions. We are cut off from any real moderator/admins that have the ability to actually get stuff done! Why wait for days or even weeks to get something done just because they say they are to busy to help you and you've been a Top Trader for years?

We are creating this new trade site with the traders best interests in mind. Better and more responsive customer support, safety first trade practices and policies, and quick efficiency on scamming reports so hopefully we can recover some funds...

If you are a long time trader on Localbitcoin or Paxful feel free to respond with input or ask for contact info if you would like to be involved in this site venture.

Thanks

Legacy Badge Trader- Paxful

Pro Trader rating - Localbitcoin
It has certainly became a niche in bitcoin world considering everyone is using the exchanges right now but this would really help out a lot for people who use localbitcoins. The lack of competition has caused those websites to became null and not improve anything because they know that there are no other place you can go and deal with your business. Which means you will have to use them regardless.

With a proper competition against them it would be hard to not choose the new one, maybe the first couple months could cause a trouble about getting more users since its a niche area nowadays but after getting enough of their customers I am sure even localbitcoins will realize they have to improve to make money or they will become obsolete. Competition makes everyone better.
Post
Topic
Board Services
Re: Bitsgap.com Signature Campaign. Full Members+ Accepted!
by
jayhawk1
on 08/11/2018, 15:35:28 UTC
Bitcointalk username: jayhawk1
Bitcoin wallet address: 1L2Sm3zGDuKTGBLU1WsZT72eKUobQxusow
Current post count: 348
Post
Topic
Board Speculation
Re: Invest on Bitcoin now or wait?
by
jayhawk1
on 08/10/2018, 13:47:06 UTC
better you can invest in bitcoin right now because if you are not investing in bitcoin and waiting too long to be able to invest in bitcoin it will make you lose and will make you run out of time and not be able to enjoy the time to get profit.
Right now is a sweet spot. The worst thing that could happen is the price would hit as low as 5.800 which means you will lose about %10 at most however it can go as high has 8.2 which means you can profit almost %40 which is a great risk to take. 10% down in bitcoin bear market means nothing and we have tested below that many times and miners or whoever doesn't allow the price to go down that much, so we know 5.8 levels are hard to break, which means we should focus on how much it could win. If you want short term gain than you can check the indicators but if you are looking for a mid-term like a week or two, than buying right now is great.
Post
Topic
Board Economics
Re: Does Bitcoin had a back up by real money?
by
jayhawk1
on 08/10/2018, 12:30:04 UTC
Bitcoins have no intrinsic value. But since they were introduced to the world in 2009 by inventor Satoshi Nakamoto (a pseudonym), they have turned into a billion-dollar market and have been designated a currency by the U.S. government. Since the days when stones and shells were recognized as a means of payment, currency has taken many forms. What makes bitcoin a currency is what it does, not what it is. "To the extent it looks, walks and acts like a duck, this 'duck' is a currency,"

The US government has never designated Bitcoin a currency. The closest to an official designation of any kind is by the IRS, which has deemed Bitcoin to be "property" for taxing purposes. That's not a currency. It is true however that Bitcoin has no intrinsic value. It doesn't represent anything in particular, but people have started acknowledging it to have value. This is an entirely artificial construct, and the value is only a representation of what large groups of people agree it is worth. Because of this, there is an inherent desire to constantly value it ever higher, because that's the only way you can get a return. On the other hand, potential buyers want to value it lower so they don't spend as much to acquire it. But real currencies are being traded to acquire the property (Bitcoin), the crypto itself doesn't function as a currency very much in the real world.

Ah but if it has no intrinsic value, how can they declare it an asset? Can't have both I'm afraid...

In the new age of the internet, anything online can be deemed to have intrinsic value. We saw this phenomenon in the late 1990's when everyone thought it would be a great idea to invest in websites with a lot of hits. These hits were of course perceived value, but they were being sold as intrinsic value. Logic had it at the time that more hits meant more profits for a company.

The intrinsic value in bitcoin is the blockchain behind it. That very code makes it worth much more than any other idea in the last 20 years.

You're confusing intrinsic value with extrinsic value. Intrinsic value is something that has value due to utility or some innate feature of the object that makes it valuable; essentially that the value comes from within (hence the name "intrinsic"). Extrinsic value is the value people assign to something, perhaps even arbitrarily. Silver has intrinsic value because it's a necessary metal for many industrial uses. Water has intrinsic value because it's necessary to survive.  Both of these have value that comes from within the commodity.  Bitcoin has value because everyone just decides it does. That's why it has value as an asset and it isn't intrinsic.

Your website example is not an example of things with intrinsic value. It was people arbitrarily assigning value to something that had no intrinsic value, which eventually collapsed the bubble. Bitcoin has traced the same path with the 70% crash this year.  Additionally, Bitcoin isn't necessary for blockchain, so if you want to make the argument the blockchain has intrinsic value (and I'm not even sure I agree with that), it would mean nothing for Bitcoin.
What is "real money" you are talking about? If you mean fiat currency what does really make fiat money "real money"? Is it the governmental backed currency? Because there are tokens and coins that are backed up governments as well, go check Estonia and Venezuela who has governmental backed money yet none of them are as big as neither bitcoin nor dollars.

Is it the common usage? Because bitcoin is used and has a higher marketcap than most countries money as well. Is it laws and acceptance? Because I am pretty sure there are more places in the world where you can spend bitcoin and can't spend Zimbabwe trillions. Bitcoin IS REAL MONEY.
Post
Topic
Board Economics
Re: How to save money on a long-term period
by
jayhawk1
on 01/10/2018, 09:47:09 UTC
For me the best way to save money on a long term period is every time you get your salary get the 10% of it and invest it in a stocks or in bitcoin. Every cut-off its good to save your 10% for investment. Even the market is on uptrend or downtrend it doesn't matter because your money will cost average it a month so when you at it after a long period you will see that your saved money has a lot more because of profit you get from the stocks or bitcoin you invest into. Don't just save, invest it in an investment instrument that you want and soon you will reap what you sow.
That is one strategy I have always used for myself right from the onset, and you will be surprised at how easy it is for you in the long run, and how valuable savings can be when you want to start executing some investment projects. Like you said, savings should always be an investment instrument, and this is the reason why those who have a specific target related to investment, savings usually is never a huge challenge.
Post
Topic
Board Economics
Re: LIFE GOES ON.
by
jayhawk1
on 21/09/2018, 08:01:38 UTC
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
Majority of us here are already aware of the risks that are involved. If you want to invest in Bitcoin make your choice on whether you would like to do that for a long time or short time. If you want for a long time then you should invest and take your eyes off it, and if it’s short-term you can invest and monitor the price. But one thing I don’t like is that many people are going for Hodl, nobody wants to trade or participate in other ways that help the community.
Post
Topic
Board Speculation (Altcoins)
Re: Will ethereum recover before December!
by
jayhawk1
on 17/09/2018, 06:38:59 UTC

I am sure yes ETH will certainly recover back to its normal track. It may hit minumum $400 by end of this year. As like other crypto currencies, ETHer value as well has gone down this year and this trend has become normal.
I think so too, eth will recover by the end of the year, but it won't rise high or reach its ATH and maybe only around $400 to $600 in December.
I have the same opinion about ETH. The market will recover till December hopefully. The crypto market is prone to witnessing changes in matter of seconds so it would not be wise not expect the recovery.

The concept of Business cycle is very important to restore your trust again in the market and a glimpse of the history of ETH will further convince you to invest in ETH. Besides, the lower the cost of your investment, the more you earn when you cash it. Make the decision.

Post
Topic
Board Economics
Re: Why spend time in bitcoins?
by
jayhawk1
on 04/09/2018, 08:08:21 UTC
It depends on your attitude towards doing crypto. If you thing it's a waste of time, then surely just move on to something different. I personally think that crypto is worthy, that's why I keep doing it.
You do not have to spend much time in accelerating yourself here if you start with less valuable crypto coins first from there you will get the experience and nature of cryptocurrencies, one more benefit of starting with less valuable coins is to get rid of huge loss. If you have no practical experience of crypto investment then do not start with the Bitcoin first but try others first, after you done with it then upgrade to the Bitcoin for huge profit.
Post
Topic
Board Economics
Re: WHY I BELIEVE BITCOIN WILL REACH A NEW ALL TIME HIGH VERY SOON!!
by
jayhawk1
on 04/09/2018, 06:56:16 UTC
I expect for this year, Rootstock (rsk), lightning, Schnorrr, Mast, Atomic swaps.


Schnorr is a softwork not a sidechain, and most important Rootstock is almost out and is in beta right now which is the last testing phase.
Rootstock has been in development for a very long time, and will bring Ethereum to the bitcoin. Which means Ethereum prices will drop
drastically.

More projects will come for 2018-2019+


You need Bitcoin for the use of blockchain, Bitcoin is the payment app. You can make alot of apps for the blockchain, you can also call these
apps sidechains, or 2th/third layer and drivechains. Bitcoin can only go mainstream with these sidechains forget blockchains.


Bitcoins potential is very huge and for sure can replace the monetery financial system. I don't know how much % but 1% penetration will make
btc 100k+ for a coin.


https://media.rsk.co/rsk-brings-the-new-evolution-of-bitcoin-reliable-smart-contracts/
Bitcoin is good but you guys should stop saying that it will replace our current monetary system. This make me think most of you are kids  or maybe dummy bummy dummies. Bitcoin can’t stay on its own, and by the way it’s not us to decide whether Bitcoin will be replacing our current monetary system or not, do you ever consider the possibilities at all? Price will go up, fine, but let’s talk about the other.
Post
Topic
Board Trading Discussion
Re: Trader or Gamblers.
by
jayhawk1
on 17/08/2018, 07:30:48 UTC
gambling is more profitable but trading is more certain and not sinful in my opinion
For profit we need to select trading because trading is a procedure which can lead us towards our destinations of getting profit at the end. On the other hand Gambling is just nothing but a way of enjoyment and entertainment and nothing more. If there is someone who believes that we can make more money in gambling then you are wrong and you have to think about your perception.
Post
Topic
Board Economics
Re: What will you do with the current market?
by
jayhawk1
on 17/08/2018, 06:58:11 UTC
I will keep holding coins which I think are strong, the decline is still premature because many think the momentum will occur in September, so I don't panic and even continue to buy altcoins that I like, fluctuations are still balanced with my life needs, so there is no panic element when I do the analysis.
Whatever you want to do in the market then do that carefully because your one wrong decision can lead you towards loss and problems.  Adopt good strategy which may benefit you if possible and if not then make decisions which are in your favor. In my opinion the current market benefit is only in buying some more Bitcoins if possible for you as the cheap price encourages us to buy more and remember that do not proceed for selling even do not for little profit.
Post
Topic
Board Economics
Re: Man generates his own electricity, still pays electricity taxes
by
jayhawk1
on 17/08/2018, 06:17:14 UTC
if this is true, it is clearly a robbery on the part of the government, this is absurd, why would the man be taxed? anyway, maybe this is just an isolated incident, putting up a solar panel is very expensive, but imagine the savings on the part of the owner, it  is very economical and environmental, maybe the installation and all that is why he was taxed.
Well I am amazed with this thing, how can a person in single capacity is manufacturing his own electricity. How is that possible? There is no option for any person in any country to manufacture electricity and government is unaware of it. But yes, many people have installed solar panels on their roofs and running their homes on it but still they must pay tax as they are living in that country.
Post
Topic
Board Economics
Re: Bitcoin and Globalization
by
jayhawk1
on 16/08/2018, 07:36:43 UTC
In my opinion, Bitcoin has a huge role to play in the world's globalization. Considering the ease of sending payments and transaction across different countries, you can actually see that Bitcoin is bringing the entire world closer together. Bitcoin allows making cross-border transactions in a matter of a few minutes.
Like internet and digitization have made the world a global village that everything just flows out throughout the world within a seconds. You are totally free to access any sort of information about anything, any country and any technology as well. So yes bitcoin is good to make more progress in this regard. We might expect from bitcoin to enhance the transaction systems internationally.
Post
Topic
Board Economics
Re: What will you do with the current market?
by
jayhawk1
on 16/08/2018, 07:06:42 UTC
maybe what I will do when market conditions fall like this I will buy coins as much as I can. I will use the moment to buy as much bitcoin as I can. because moments like that are very rare and prices don't fall forever.
That is pretty smart move and I hope you have already bought some of coins. Yes you are right about one thing that the market does not keep on falling like this forever and we may never see bitcoin available at such a low price again in future. This is why investors must invest as much as they can in it now because bitcoin’s bright future is a doubtless matter.
Post
Topic
Board Economics
Re: bitcoin vs world economy
by
jayhawk1
on 15/08/2018, 06:29:19 UTC
Hi everyone

I'm pretty new to all of this and thinking about buying some bitcoin.

I have some concerns about the world economy influence on bitcoin.

For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?

do you think Bitcoin is strong enough at this point to be self-sustaining?


thanks for the help
If the US puts restrictions on Bitcoin it will only be effective in their country and not in other countries. Any choice they are making is just for themselves and not for other countries. The only problem is that other countries are fond of following up with what the US does, so it’s likely that other countries can ban Bitcoin once they see that the US has done the same. But let us all just hope that it never going to happen.
Post
Topic
Board Trading Discussion
Re: Where to study trading and technical analysis?
by
jayhawk1
on 14/08/2018, 06:03:52 UTC
By reading many post and many articles in this forum, you can get a lot of information and knowledge in this forum. Studying is really the key to become a trader.

The last point was so strong. You must know that without knowing something, you can never be going to achieve it. There would be hired hundreds of problems and hurdles that would let you bow down before them and you couldn’t be able to make your missions accomplished. So don’t waste your energy and learn. Learn so long that is must last for you till the last strategy of your trading tenure.