Search content
Sort by

Showing 20 of 887 results by millgates
Post
Topic
Board Trading Discussion
Re: buy fast and sell fast
by
millgates
on 27/05/2019, 06:12:04 UTC
If in trading apply fast trading strategy,
What obstacles are constraints
and weaknesses?
It is only based on luck, it seems that this strategy only focused on small amount of profit. Actually this is very tiring. You can get easy profit when the market trend is positive but the amount of profit that can be earned is too small. The fee will decrease your profit, so you actually spend more energy and time if you use fast trading strategy.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not money
by
millgates
on 27/05/2019, 03:47:13 UTC
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Paper money is just a paper. It's no more than a paper which the citizens are forced by government to accept it as medium of exchange. Although its has value because it used by people as medium of exchange but government sometimes print it in excess then makes the value decrease. Money can be created by anything, the important thing is the money can become good store of value and ease people to do transaction. People in the past exchange their gold for paper money/banknotes because paper money/banknotes is easier to use. Now there is a currency that better than paper money which is  cryptocyrrency. The best cryptocurrency is bitcoin, let say we always move from old way to the new one. So it will be a wise decision if we use bitcoin rather than fiat money.
Post
Topic
Board Bitcoin Discussion
Re: Futures Bitcoin What Is The Use
by
millgates
on 26/05/2019, 12:35:56 UTC
Back then, I thought Bitcoin will really become a currency and will be used as a medium of exchange. But now I think Bitcoin will just gonna stay as an asset used to earn profit. Though I hope Bitcoin`s use will level up.
Actually bitcoin will be used as a medium of exchange in the future. Bitcoin will reach its market equilibrium when there are more people use it to buy goods or pay service rather than trade it in exchange. Trading activity has been giving very extreeme movements of bitcoin price. Panic selling and panic buying is unavoidable.
Post
Topic
Board Speculation
Re: Will BTC hit $11,500 in June 2019?
by
millgates
on 26/05/2019, 07:54:16 UTC
It seems that it will not happen in june. Maybe August, this time bitcoin price will fall to around $6.000-$7.000 after that the price will rise again. Since the demand for bitcoin is big then people who buy bitcoin at $3.000 -$4.000 that sell their bitcoin now don't give significant impact toward bitcoin price movement. The price now stable between $ 7.500 - $8.000. But this will not like that for long time. The price will go up again soon. I am doubt to buy bitcoin this month and next month. Maybe August is the right tine for me to buy bitcoin when the price of it is rise.
Post
Topic
Board Bitcoin Discussion
Re: what will happen if BTC hit 1.000.000$
by
millgates
on 26/05/2019, 06:48:38 UTC
Sorry but I think John Mcafee is nuts, bitcoin will not hit one million dollars within the time frame he predicted.  Johnny just craves attention, that is why he makes all these crazy predictions.

Even just reaching 100k is unimaginable.
Bitcoin price is unpredictable, so we can not make amy conclusion yet. Actually there are some analisys methods that we can use to predict bitcoin price at certain time. John Mcafee is an expert so maybe he make that statement based on his analisys. But its not mean that it will really happen. I don't have any doubt about bitcoin reach $1.000.000, there are many posibility about it.
Post
Topic
Board Economics
Re: bitcoin goes down, no new rich people anymore
by
millgates
on 24/05/2019, 21:50:11 UTC
Daily more people are getting rich through bitcoin and other cryptocurrencies. It can be through trading, gambling, mining or various other services and in specific holding. Users who invested at least $10000 - $15000 by January month of ongoing year probably could have turned rich if he's in a third world country.
One thing that we should have is patient. I am sure that those who buy bitcoin at $10.000 - $20.000 could get their money back and even more. The bitcoin price swing is give bigger size of opportunity for people to buy bitcoin at low price. So there will be many new rich people in this cryptocurrency investment in the future.
Post
Topic
Board Trading Discussion
Re: Which unique factor makes crypto exchange a reliable choice to start trading?
by
millgates
on 20/05/2019, 12:34:19 UTC
What is the key reason for the success of top cryptocurrency trading exchanges like Binance, Coinbase, Coinmama, Kraken, and Bitrex? What are the unique factor which make them each other competitors?
Usually traders need good UX to support them. I think big exchanges site always has good UX/UI. The features also important. Some of big exchanges provide very good security to make sure that their costumers feel safe when use the exchange. Advertisement is also important.
Post
Topic
Board Trading Discussion
Re: start trading again carefully and don't be too ambitious to get big profits ...!
by
millgates
on 20/05/2019, 06:46:56 UTC
let us trade well without ambition to get big profits, the desire to get big profits in trading is very reasonable, of course, but for example we are very ambitious and not careful in trading your day, it will all cause us will be trapped, and in trading avoid panic for example there will be a decline, because you have to think that prices will be able to rise again, let's trade with our self-speculation which of course can be even better again.
Greed always give bad result. We have to be carefull in this cryptocurrency investment world anytime. Just follow the majority of investors. If most of us think that its time to cut loss then we should follow it. Although it will make panic selling in the market but atleast we can safe our fund. And when it is the time for bitcoin price increase then we can contribute to panic buying in the market so by that way we can gain profit in this cryptocurrency invesment.
Post
Topic
Board Trading Discussion
Re: Bitcoin now a stable coin?
by
millgates
on 20/05/2019, 05:58:10 UTC
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
Post
Topic
Board Trading Discussion
Re: DO YOU BUY WHEN THE PRICE DROPS SHARPLY ?
by
millgates
on 19/05/2019, 21:25:18 UTC
I don't have much money to become contrarian like that. Buy when the price drops sharply is too risky. My strategy for now is buy when the price start to go up so if I do it then it will contribute to the increasing price of bitcoin.
Post
Topic
Board Trading Discussion
Re: Intraday vs HODL
by
millgates
on 19/05/2019, 14:04:24 UTC
Intraday vs HODL

In the current market situation which one best and what do u guys prefer
I prefer like to hold and buy more bitcoin. This is the time of bitcoin price increasing so I would not miss the chance to gain more than 100% by hold bitcoin. A few months ago bitcoin market was reach its equilibrium so this time for demand of bitcoin influence the market. The adoption is still growing so the bitcoin market equilibrium will not hold for long time. This is the time to buy more bitcoin and hold it.
Post
Topic
Board Trading Discussion
Re: Bull or bull trap
by
millgates
on 19/05/2019, 12:04:43 UTC
I'm really confused, I want to know if it's time to cash in or to cash out, suffered lots of losses last year
This time for cash in, don't be afraid to buy bitcoin now because this bitcoin will reach the higher price level before crash again. No bull trap, the market normaly go up and down, but one thing that you have to keep in mind is the price of bitcoin is still tend to rise although the volatility is very extreeme.
Post
Topic
Board Economics
Re: Cryptocurrency lending business.
by
millgates
on 19/05/2019, 01:44:28 UTC
I think about crypto loans, of course, we must be careful and think carefully because crypto prices sometimes rise and fall
Actually it provides bigger size of opprtunity for people who borrow it because those people can manage the fund to gain profit in trading. But I still hate crypto loans, lend money to others is not negative thing but if there is interest in it then it can give bad impact for the economy. Such cooperation is unhealthy. I preffer like to lend money to people who run healthy business then ask for dividen based on profit that earned by the business.
Post
Topic
Board Economics
Re: Big risk ,big results.
by
millgates
on 17/05/2019, 12:10:23 UTC
therefore use free money to invest, so we can immediately decide.
It is impossible to invest if you don't have money.

Remember that because most of the investors invested their hard earned money and if you are going to use 'free' money to invest, I don't think that you will strive to grow that money.
It seems that he applying a safe risk management strategy. Invest in bitcoin need braveness, capital, strategy, knowledge and experience. For those who understand how the market works and its pattern then invest huge amount of money in it is not a problem but for those who just learn it from scarcity then his strategy is appropriate because unexperienced bitcoin investors can get too much stress if they invest too much money in it.
Post
Topic
Board Economics
Re: If the government supports bitcoin instead of the existing currency.
by
millgates
on 17/05/2019, 05:56:55 UTC
I don't think that the governments would ever support bitcoin, as they want to completely control the economy. At best , they can do is to float their own cryptocurrency so that they can control it in some way or other.
It seems that government will support bitcoin but not more than government support the existing fiat. There are many unicorn that emerged those unicorn also increase country economy. Digital payment method is appropriate for it and bitcoin is the best choice. So based on that it seems that government will support bitcoin.
Post
Topic
Board Economics
Re: Can Bitcoin Beat Banks?
by
millgates
on 16/05/2019, 14:38:23 UTC
I hear it all the time. Bitcoin/crypto is alternative to fiat. And almost every token philosophy is based on this premise.

The question: can cryptocurrency beat legacy financial institutions to the point of replacing them?

... Thought as much... The much lauded JPMCoin was all noise and no substance. But can an accident happen to make legacy institutions catch up to the decentralized world?

Bitcoin can't beat bank. Bank is an important tool to control country economy although the way that it use is really bad. Bank control the number of money that spread in the citizens by set the bank interest rate. High interest rate can make people save their money in bank so the inflation of money will be reduced. The money that saved there will be borrowed by industries to increase GDP. It is not a simple thing. But bitcoin price will rise because that system is no longer appropriate for this century. Bitcoin can be the best investment in this century. So bitcoin don't need to beat bank.
Post
Topic
Board Economics
Re: What can be done to make bitcoin stable?
by
millgates
on 10/05/2019, 13:49:25 UTC
To stable the Bitcoin people also can help for the stability holding their investment for long time it is one of the most important and useful for the Bitcoin to be developed and also investment made the any type of currency to a good value so it is only needed for the development with a bitstability for Bitcoin now
It will work, bitcoin price will be more stable if more people reduce their trading activity and just hold bitcoin for long term. But it will slow the process of bitcoin economic growth, usually people invest in ICO using BTC or ETHor fiat but it seems mostly BTC or ETH. In this case the movement of capital from BTC or ETH to ICO's token or coin is unavoidable, it will create unstability price of BTC or ETH. But it is okay because the ICO project also help the development of cryptocurrency in general. So the unstable price of bitcoin is not a problem.
Post
Topic
Board Economics
Re: Study says 79% of cryptocurrency event attendees are men
by
millgates
on 10/05/2019, 07:20:12 UTC
The study shows that the cryptocurrency events “have a long road ahead toward gender inclusion” and such events have “to change.”

Bizzabo co-founder and customer success chief Alon Alroy said in relation to the study’s findings that “there is a lack of gender diversity” in the cryptocurrency industry and that it is “reflected in the attendance for these events.” He mentioned that such lack of gender diversity is also true for the tech industry in general.

Click the link for more info: https://www.unblock.news/news/study-says-79-of-cryptocurrency-event-attendees-are-men
Atleast there is 21% are women. I think it is normal. Generaly men are responsible to earn money for their wifes and children, bitcoin is more cosidered as an asset rather than a currency so maybe woman will only take a small part in bitcoin but if bitcoin is mostly used in e-commerce market place then I am sure that the percentage of women who take part in bitcoin will be increase because women loves to shoping.
Post
Topic
Board Economics
Re: Crypto replacing fiat?
by
millgates
on 09/05/2019, 13:59:26 UTC
Maybe is impossible cryptocurrency could replace fiat, many people still do not know how cryptocurrency and bitcoin are working, how to make payment with cryptocurrency and how price is speculative.
well, so many considerations before cryptocurrency replaces fiat. even the public's trust is still so small about crypto. well, in my place, many thought that crypto was related to gambling, and could only be used as that. well, i think before replacing fiat, maybe a lot of people have to learn about this technology.
Country need a currency that it can control so the country's economy will not controled by other country. We can make many consideration about this but we also need to consider about gold as well. Gold is more suitable as currency although it is not practical for wprld wide transaction. Maybe the win win solution is use both gold and bitcoin as currency that replace fiat.
Post
Topic
Board Economics
Re: What's Crypto innovation for you?
by
millgates
on 09/05/2019, 12:51:25 UTC
Hats off to the one who found crypto currency. As we say this is Legend Satoshi Nakadomo, lets appreciate every step he has taken in implementing the same. Lots and lots have changed now after crypto currencies have brought in if you look at. Mother of crypto currency the Bitcoin has shown its growth in the market turning everyone towards crypto currencies.

How do you welcome the crypto innovation? How can you describe your experience here?
This innovation can change the wprld economy to be better. The decentralization idea is very good. I actually feel bad when fiat money value decrease because of inflation. Although bitcoin price is volatile and unstable but atleast the maximum amount of it is limited so I can be sure that bitcoin is tend to deflation rather than inflation. Its make me feel that bitcoin is better than fiat money.