Those who believe it to be a bubble are in for some harsh surprises,bitcoin is not a bubble. The volatility in the price is only temporary and will be eliminated with better adopting
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BoardBitcoin Discussion
Re: This is why we should all use Bitcoin and no more credit cards.
by
ovbokhan
on 15/09/2018, 22:49:51 UTC
That's one of the problems with a centralized system or even the banks, that can approve or deny a transaction on your behalf, sometimes without your consent. Deductions from your account. For bitcoin transactions, you will have to make the transfers on your own
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BoardTrading Discussion
Re: Be careful with fake exchanges
by
ovbokhan
on 13/09/2018, 22:39:36 UTC
It is clearly a phishing website claiming to be the real deal, I am very weary of unsolicited messages advertising some airdrops or other free or win schemes, I don't open the links, I move them straight to thrash and block them for future attempts
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BoardAltcoin Discussion
Re: Hold your coins in multiple wallets
by
ovbokhan
on 13/09/2018, 22:35:48 UTC
Ideally, one should have a set of wallets for different purposes and across various wallet types, not just a single types so that you are at less risk should one type get some problems such as bug discovery or hacks
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BoardAltcoin Discussion
Re: Too many ICOs
by
ovbokhan
on 13/09/2018, 22:33:23 UTC
The problem is not really that there are too many ICOs, rather it is that we are having a lot of poorly developed ideas and projects which eventually fail or turn out to be scams. We need many good ideas to solve problems
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BoardSpeculation (Altcoins)
Re: Ethereum lowest price
by
ovbokhan
on 11/09/2018, 23:37:33 UTC
I am scared of Ethereum at the current state, it is also dragging other erc20 tokens down with it. It has never been this low, from 1400$ highs
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BoardEconomics
Re: When will smartphones used for bitcoin mining?
by
ovbokhan
on 11/09/2018, 23:35:39 UTC
Bitcoin mining is even not profitable at the moment using GPUs and phones are even of lower computing power, so it is not something that will happen now nor in the future.mobile phones cannot withstand the strain of its resources
Gpu,fpga,asic will always exist and they are all options for miners and the best performing one through out last years is gpus , nothing will die they will exist as long as crypto exists. Most failure traders switch to mining as they hedge with hardware Dark days like this will always come and pass , but mining isn't a war it's a buissnes if you mine at loss then you have alot of emotions in your buissnes , keep it math and stop if you are losing money
It is very competitive at the moment, miners in regions of expensive electricity should retire their equipment for a while or relocate to areas with cheaper electricity. I anticipate this is only temporary as things may change any moment
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BoardMining (Altcoins)
Re: I'm mining at a loss
by
ovbokhan
on 10/09/2018, 20:29:13 UTC
Mining difficulty increased dramatically in the last couple of months as the number of miners increased, unfortunately, the price of coins did not.A lot of miners are already selling off, only a bullish market will revive mining and make it profitable
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BoardEconomics
Re: Exchange market data manipulation bringing the whole crypto market down?
by
ovbokhan
on 09/09/2018, 21:31:01 UTC
It sound reasonable that those who profited from the recent price manipulation were the same persons that paid for the promotion of the fake news that caused the panic
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BoardTrading Discussion
Re: Crypto Trade and Power of Knowledge
by
ovbokhan
on 09/09/2018, 21:28:14 UTC
The success criteria for trading is directly proportional to the knowledge one has of trading within the space, that knowledge is perfected with discipline.
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BoardAltcoin Discussion
Re: Why are most new tokens Ethereum ICOs?
by
ovbokhan
on 07/09/2018, 20:36:36 UTC
I don't think there is any reason in particular, other coins such as NEO, Waves, EOS can also be used to achieve same, maybe it is easier to create a smart contract with Ethereum
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BoardAltcoin Discussion
Re: Do you think Bitcoin Cash will take place of Bitcoin?
by
ovbokhan
on 07/09/2018, 20:34:27 UTC
There is really not much difference between bitcoin and bitcoin cashin terms of what they can achieve, but I do not think bitcoin cash will ever be up-to bitcoin for sentimental value attached to bitcoin
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BoardEconomics
Re: When will smartphones used for bitcoin mining?
by
ovbokhan
on 06/09/2018, 22:23:03 UTC
Bitcoin mining takes a huge toll on any hardware used for it. It may not be a good idea to used phones for it even if you could do that, the difficulty level makes it very uneconomical to do
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BoardSpeculation
Re: Bitcoin drops sharply by about 300$ today!
by
ovbokhan
on 05/09/2018, 22:41:24 UTC
SEC cannot really solve the volatility issue nor are they responsible for checking it. It is function of demand and supply which are also influenced by news in the space
Its hard to earn 10% of your capital daily. The situation in the market is so unpredictable. Every day the price of cryptos keeps moving up and down.
There are certainly days that even the most skilled of traders with all the best resources will still make losses, that's is because the market is unpredictable as you rightly noted
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BoardTrading Discussion
Re: Can I daily earn 10%
by
ovbokhan
on 05/09/2018, 22:36:49 UTC
Honestly, I doubt if that is possible, replicating a 10 percent profit from day trade is something to dream about, not possible in my opinion and from what I have learnt from some of the best traders in the market
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BoardEconomics
Re: What is the best Cryptocurrency to Invest?
by
ovbokhan
on 03/09/2018, 22:51:16 UTC
Helpful information, for me you can hardly go wrong Imif you go with bitcoin especially if you are new to the space and intend to invest for long term gains
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BoardAltcoin Discussion
Re: Mining or Trading which one is safe?
by
ovbokhan
on 03/09/2018, 22:49:05 UTC
Trading is more like gambling if you are not skilled at it or have insufficient knowledge of both TA and fundamental analyses,you will basically be throwing money to the smart traders. On the other hand, mining is very expensive at the moment and will only become attractive if the price of tokene/coins improved significantly
I've been doing some short-term swing trades (but you might call day trades). All about watching for momentum and trying to ride it up and get out before it goes down (1-2% per trade). I learned about it here: https://discord.gg/nCmjwmQ. Do check it out if you are interested - I promise you no-one bites there!
I'm mostly in and out within an hour or two. Does that matter? Should I be swinging longer to try and benefit from pumps but keeping a tight stop loss?
Any success (or failure) stories welcome.
Cheers
when you scalp or swing at such rate 1-2 percent a day, you are more likely to make profits consistently than those who do otherwise or aim higher. I will check the discord out,thanks