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Showing 20 of 188 results by kelceyott
Hello everyone,
I just registered but of course I am a long-time cryptocurrency watcher.
What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".
If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.
You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.
In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.
For more money, just you just have to work...
My 2 satoshis...
What you say make me feel that it's sure. And I also think that people really think that the current downturn of the BTC is because it has just undergone a price boom. If compared with a long time, this is probably a time when BTC is most stable. BTC is not abnormal fluctuations, people are more likely to invest.I just registered but of course I am a long-time cryptocurrency watcher.
What I do not understand is why most people are so pessimistic and talk about "these hard times for *coin".
If you look at the growth chart from the beginning of cryptocurrency, you will realize that even now, the Bitcoin is a bit over-valued. It is not "in the red" by any stretch. What was in the last few months was a bubble, an anomaly which may have been exploited only by the very few, just like in the real currency or valuable asset world.
You want a cryptocurrency to be stable, just like the real currencies. Only then will it be trusted and invested in by the big players. Any asset in which you make money like winning the lottery every day is bound to crash.
In my opinion the Bitcoin is just now approaching a "healthy" status. Making money from Bitcoin will be just as hard as making money from real currency trading.
For more money, just you just have to work...
My 2 satoshis...
Re: Could the Bitcoin price by the end of 2018 only 4000$ - 6000$?
With the current situation, I think the crypto market this year will not be good. However, I still hope that this price will not happen. Because nothing is really certain, especially the investment market.
There are two opinions in the crypto world: some people consider cryptocurrencies digital gold, while others believe that cryptocurrencies will be used as means of payment.
The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
Lets be honest. Real crypto communities there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
People will say Im biased, since I founded a project where you can sell and buy goods for crypto. Yes, its true. Still, Im more interested in expansion of cryptocurrencies than in my projects expansion. In fact, I founded it for one simple reason: Im sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.
I think any trader or holder has an impact on the crypto market, because they are the ones who directly create the volatility. In addition, hoders will also be a factor in increasing and decreasing prices in the market as they affect the supply of crypto. As before, the number of btc that a person holds is very large and if they keep to the present when btc is scarce they are the ones who have the biggest impact on the crypto market.The first idea is quite convenient. You can just do nothing. For the first time ever, doing nothing has actually become a heroic deed people are proud to be hodlers, proud to do nothing with their cryptocurrency. But do you really believe this approach will change the world? Seriously?
Lets be honest. Real crypto communities there are few. There are few people who own cryptocurrency. The number is vanishingly small. Crypto prices will not grow while there are so few of us. The demand is just too small and there are no drivers of growth.
So, what should we do? Is there a reason to just sit and wait for cryptocurrencies to grow? I believe there is none. The only possible solution is that people actually start using crypto in their everyday lives. The number of crypto transactions should amount to hundreds of millions a day. Then, and only then, will cryptocurrencies grow in price.
Personally, I see no other options. However, this cannot be handled by one man alone. The whole crypto community should do this. You may ask: is it possible to live paying with cryptocurrencies only? Judging from our experience yes. Moreover, we have video proof: here is a story of a guy from Scotland https://www.youtube.com/watch?v=Gb_yVnkHSFs and here is a story of a guy from Thailand https://www.youtube.com/watch?v=l09U16Oqbck.
People will say Im biased, since I founded a project where you can sell and buy goods for crypto. Yes, its true. Still, Im more interested in expansion of cryptocurrencies than in my projects expansion. In fact, I founded it for one simple reason: Im sure that hodlers will never change the world. But we will. We should just learn from the guys in our videos who pay with cryptocurrencies in everyday life and make cryptocurrencies valuable.
What are the factors limiting the general acceptance of bitcoin as medium of payment.
What needs to be done to mitigate these factors and open opportunities for general acceptance of bitcoin?
If using btc in the countries around the world is unequal or not the same, resulting in geographic isolation, btc become a means of payment of a country or a territory which won't bring any meaning. If btc or crypto is to become a means of payment, the first thing to do is to have no crypto banning in any country. The prohibition of crypto is the first major cause for the development of the crypto market.What needs to be done to mitigate these factors and open opportunities for general acceptance of bitcoin?
Fintech company from Nairobi BitClub opened the first ATM in the western part of the city, three kilometers from the central business district. In South Africa, the first bikkoyn ATM was installed four years ago. Zimbabwe and Djibouti also have one ATM. The latest data from CoinATMradar shows that around the world the number of ATMs has surpassed the number 3000 in mid-May and currently stands at 3125 machines.
More and more citizens of Kenya are showing interest in crypto-currencies as in investments.
More than 3000 ATMs, it's not a small number. This can make people believe in btc as well as the crypto market. I believe in the future we can easily carry out transactions everywhere with a more ATM system.More and more citizens of Kenya are showing interest in crypto-currencies as in investments.
Crypto Currency is fastest way to get rich ?
How long have you been with crypto?
Have you reach your goals yet?
what do you think about this topic?
Maybe electronic money is a way to get rich quick, but the quickest is which I'm not sure about . The profit on investment in crypto is very attractive but sometimes it is a risk that some people lose a large amount of money. Actually, it is a truth, and the benefits are more dangerous. And we can not deny the benefits of crypto blockchain technology.How long have you been with crypto?
Have you reach your goals yet?
what do you think about this topic?
What would be a better move ? to keep most of my crypto in Exchanges as seems better option. as with the constant flows - green to reds etc.
in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.
What do you all suggest?
i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.
What do you all recommend?
i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts
A good advice for you is that you only have to put money on the trading site when you want to trade in a certain crypto, do not keep your money too long there, there exists the risk of losing all the money, it's higher that you use a wallet.in order to make gains or min loss, it seems best to trade a red one to green
eg as today i had lots of reds, but to min loss, i took some of my ETH and verge and traded into XRP which mooned and now my gains are way up
as i keep this crypto thing a constant watch.
What do you all suggest?
i use a Coinomi wallet that is connected to Changelly and SHapeshift
so i do exchanges there.
What do you all recommend?
i am thinking just a wallet for holding a currency for long term and no intention to trade out? just add to? thoughts
The amount of money you can trade is any amount, however you must have enough to pay for the transaction fee. If you want to invest in a small amount of money to get acquainted with trading, ok, that's a good thing. But then you should not expect a big profit to replace your daily income.
Buy and hold?
Cryptodabbler?
Day-to-day trading?
Big bets enough to play the market?
Other? specify.
Please provide a quick explanation of the choicie of your strategy.
To participate in an on going research and get the final report, follow this link : https://mourad1bm.typeform.com/to/wvQQyZ
Participants will be rewarded by free 200$ credits to test the beta version of our upcoming product.
Anyway, I think you should be familiar with day trading, which is the best way to be able to make a big profit. Also, in order to reduce the risk of investing, I think we should invest in multiple crypto at the same time, which makes it easy to make up for lost investments.Cryptodabbler?
Day-to-day trading?
Big bets enough to play the market?
Other? specify.
Please provide a quick explanation of the choicie of your strategy.
To participate in an on going research and get the final report, follow this link : https://mourad1bm.typeform.com/to/wvQQyZ
Participants will be rewarded by free 200$ credits to test the beta version of our upcoming product.
Everyone knows that long-term trading is less risky, but if you want to make a big profit from it, that's not the best way. And if all of us buy and hold the crypto in the long term, who will create the price fluctuations?
Re: Would you recommend never store cryptos on an exchange website?
This is too much precaution or its really better never store cryptos in exchange? All exchanges are risky ?
yess, all exchange websites are risky. Every website has the ability to disappear overnight, or it could be stolen all your data and all your money by hackers. The safest way is to put your money on the exchange website for too long.
I have been reading the posts on this forum and so many people are saying they lost a lot of money and bitcoin is no good. Many people are saying that bitcoin and other cryptos have been a bad investment.
But if we look at the facts and the performance and compare to other investments that some people make we can see that this is not the case.
People are making the mistake of focussing on price changes on a day to day basis but investment is not about day to day price movements. It is about patience and reward.
If we look at the changes in one year we can see that bitcoin has performed many times better than all other investments. For one year bitcoin has gone up a massive amount. It was $900 this time last year! Now it is $7000. That has given bitcoin investors an incredible 700% return in just one year. The stockmarket average return for the same one year has given only 2% return. Fiat money has fallen. The dollar has gone down by 15%. Savings accounts have given a return of about 1%.
When you look at the returns and losses of all these investments, the best was stockmarkets that gave average 2%. So bitcoin has given 700% yet people are complaining that it has been a bad investment, even though it is 350 times better than the next best investment. What other investment has given you 700% profit in one year?
Remember, don't be fooled by day to day price changes. Look at the one year and the longer term facts. When you look at these you can see that if you invested in bitcoin you have made many more profits than everything else put together hundreds of times over.
There's no denying that btc along with eth are the two main crypto that make up the digital money market, but traders always give priority to investing in altcoins to make a profit or maybe eth. Although the amount of capital to buy btc a lot, but I think it is only used to invest in the altcoins, because it has low prices can easily increase in price because of the impact of investment money.But if we look at the facts and the performance and compare to other investments that some people make we can see that this is not the case.
People are making the mistake of focussing on price changes on a day to day basis but investment is not about day to day price movements. It is about patience and reward.
If we look at the changes in one year we can see that bitcoin has performed many times better than all other investments. For one year bitcoin has gone up a massive amount. It was $900 this time last year! Now it is $7000. That has given bitcoin investors an incredible 700% return in just one year. The stockmarket average return for the same one year has given only 2% return. Fiat money has fallen. The dollar has gone down by 15%. Savings accounts have given a return of about 1%.
When you look at the returns and losses of all these investments, the best was stockmarkets that gave average 2%. So bitcoin has given 700% yet people are complaining that it has been a bad investment, even though it is 350 times better than the next best investment. What other investment has given you 700% profit in one year?
Remember, don't be fooled by day to day price changes. Look at the one year and the longer term facts. When you look at these you can see that if you invested in bitcoin you have made many more profits than everything else put together hundreds of times over.
Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".
Do you guys think that this can change in the long term ?
I think that btc would be hard to become a currency. It can be said that btc will be an intermediary in the payment or exchange medium in the transaction. It's like using a credit card, but instead of using bank money we use our own money.This means that instead of making a fixed transaction, you can use btc as a value converter and do it easily and quickly with a simple procedure.Do you guys think that this can change in the long term ?
Is this the time to rise of the bitcoin ?
Since few days bitcoin price is going up...
Currently, btc is increasing, I think the btc price may drop to over $ 8k and it will probably take a week for btc to recover at over $ 9k and in about 2 weeks. I think btc will hit $ 10k again. That is when traders start a new investment cycle.Since few days bitcoin price is going up...
With the recent dns hack of myetherwallet, now would be the time to buy a hardware wallet for people who still don't own one. Two of the popular brands are the ledger nano and trezor. Both average over $100. Even if you own $500 or $1000 worth of coins, during the next bull run, that $1k could turn into $10k and more; and you want to protect your coins.
Your hardware wallet provides you an address for eth, ltc, btc, neo and more. And you can put erc-20 tokens on there too. Here's the list of supported coins on ledger nano: https://www.ledgerwallet.com/cryptocurrencies
Your privates keys are never exposed. You don't even know your own private keys. And every time you send out a transaction, you have to confirm it with a actual button press on the device itself. When you set up your ledger, you will write down recovery phrases. This is how you recover your coins if your device breaks. Your coins are not on the actual device and the device acts more like a key to access your cryptocurrencies.
Q: Do I receive airdrops at my ledgers address?
A: Yes! Think of the ledger address as a MEW address. Only difference is you didn't create it on MEW and you don't know your private key.
Q: Can my coins still be compromised?
A: Yes, if your recovery phrases are ever exposed. Your phrases act like your private keys. I recommend writing them down on paper and storing them in a home safe, underneath your underwear in a drawer or a bank safety deposit box. Don't store them in your email or a notepad on your computer.
That is a very useful advice. It is safe to say that it is the safest way you can protect your total money from professional hackers. I've heard a story about hackers evaporating a guy's 69BTC. and a hardware wallet is a solution.Your hardware wallet provides you an address for eth, ltc, btc, neo and more. And you can put erc-20 tokens on there too. Here's the list of supported coins on ledger nano: https://www.ledgerwallet.com/cryptocurrencies
Your privates keys are never exposed. You don't even know your own private keys. And every time you send out a transaction, you have to confirm it with a actual button press on the device itself. When you set up your ledger, you will write down recovery phrases. This is how you recover your coins if your device breaks. Your coins are not on the actual device and the device acts more like a key to access your cryptocurrencies.
Q: Do I receive airdrops at my ledgers address?
A: Yes! Think of the ledger address as a MEW address. Only difference is you didn't create it on MEW and you don't know your private key.
Q: Can my coins still be compromised?
A: Yes, if your recovery phrases are ever exposed. Your phrases act like your private keys. I recommend writing them down on paper and storing them in a home safe, underneath your underwear in a drawer or a bank safety deposit box. Don't store them in your email or a notepad on your computer.
When do you think Eth will break $2,000?
If this year the amount of investment in ETH increased I think ETH will reach 2k $ soon. Nowadays eth is considered the preferred currency in the top of the crypto system.im new in this trading.so i dont how to start.im affraid to do something wrong..help me please 😊
Learn the basics of the crypto market is the first thing you have to do to become a trader. And of course you have to do it to learn how to make a purchase or sell and withdraw money from the exchange.Ok I have a really noob question. I'm seriously looking at investing in an ico. But I have some questions for the current team before I pull the trigger. I joined their slack thingie but I'm not sure what it's for. I've read through it and all the questions so far are super basic and repetitive
Can I ask "real" questions on slack or is it just a promo site where all the hard questions are deleted? Or on the bitcoin talk announcement forum? Or should I just email the guy?
There are many websites where refer to the ICO for you. They support us with all the information we need. Tokenmarket is an example, please use it, you can find a good ICO to invest.Can I ask "real" questions on slack or is it just a promo site where all the hard questions are deleted? Or on the bitcoin talk announcement forum? Or should I just email the guy?
I think the August fork has an influence on the current price of btc. Before the fork, the price was somehow OK and now I can't even buy a considerable amount with my $10.
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?
I guess people are dumping their BCC for BTC which should be the cause of the rise in price. I am planning to buy some bitcoins now but I'm thinking the price will go down a little when people start sell their BCC profits( l mean profit they've earned after dumping their BCC). What do you think, am I wrong or right?
Because now people are still keeping it, not too many people want to sell the current bitcoin even though it's at a very high value. Meanwhile, the needs of people continue to increase. So, bitcoin still does not go down.
Gold and bitcoin are kinda complementary. Bitcoin strengths are golds weaknesses and golds strengths are bitcoins weakness. For example, gold is stable, whereas bitcoin is volatile, combining both is the best way forward for those who can afford it.
Bitcoin and gold are fundamentally different things. And bitcoin can never replace gold. Because the main idea of bitcoin is decentralization and the lack of physical value. So bitcoin can not be the basis of the world economy.
Currently, it can not become world currency, however, as technology grows to its best, when people work with technology, everything will be paid with bitcoin or any other currency.