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Showing 20 of 78 results by plescruslo
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Board Economics
Re: Mining in the cloud vs simply buying bitcoin
by
plescruslo
on 27/06/2019, 11:49:32 UTC
Bitcoin is not easy to mine, if you said altcoins, that would have been better cause most of them are very easy to mine and mining them are even more profitable than when you're buying. Since you said Bitcoin, I would say it is best for anyone to just buy and speculate, instead of mining. Unless you know that you can afford the cost for mining then you can go ahead for it and buy the equipment's that you will be needing for it, the hot hardware of course, then start mining. That's the last thing I ever plan to do. My friend used to mine Bitcoin but he couldn't bear the cost of it, so he had to quit from mining and sell the hardwares and focused on buying Bitcoin. The case might not be the same for everyone.
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Board Altcoin Discussion
Re: CRYPTOCURRENCY TRADE PRINCIPLE.
by
plescruslo
on 21/06/2019, 10:24:40 UTC
Everyone who conducts crypto trading must already have principles and know about profit or loss. My principle is that I will never sell when I see the results will lose, I better hold when the coins that I have bought are decreasing in price (holding is not afraid of losses) but part of the strategy. And I will sell when I increase, although I will definitely sell a little. Never be afraid to experience a loss, because loss is one of the risks in trading. But you must have a strategy.
Nah there are people who trade without having any strategy at all, and I have seen a lot of them. Some people just jump on trades and they don't even know what they are doing, yep that happens a lot here. One thing you have to know is that no one wants to be a loser, if there is anyone that wants to be a loser, which I have never seen before, then that' would be really weird. So the same thing you have in mind is what others have in mind as well, which is - profit. Whenever I invest, if I'm going to hodl then I make up my mind and take the risk, but I don't take stupid risks, I will first of all research about the coin I'm investing and know what experts thinks about it, whether it is going to grow in the nearest future or not. And I don't buy just any coin, I prefer to buy the top coins in the market.
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Topic
Board Speculation
Re: Decline until the end of the year?
by
plescruslo
on 01/12/2018, 07:45:05 UTC
Friends, the market capitalization suffers from huge losses, do you think the "Great Depression" of cryptocurrency will last for a long time? Will you do something until the end of the year, or you wait for growth the next year staying with your portfolios on hold?
I don’t really know how it’s going to be this year, maybe it will keep on decreasing. I have seen people say December is bull, but I think they are all just some Bitcoin enthusiasts trying to get people to keep on holding. I don’t see any reason why I should hold crypto while whales and other investors sell theirs and make profit and I’m losing. Bull run might be next year or even next two years. I still have Bitcoins though, and not only that, I have altcoins too and I’m not bothered about the price falling.
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Board Altcoin Discussion
Re: seling or holding your altcoin ?
by
plescruslo
on 01/12/2018, 07:08:00 UTC
I prefer to remain calm and do nothing in any incomprehensible situation. I keep and do not sell my coins, it is necessary to understand what is happening with the market and only then begin to act. It's time for analysis.
I am also of the same view if we know that ahead is a good time coming in our business then why we panic and agree to lose our money by escaping from the hard time. We have to tolerate the current situation and do not need to leave the support of it as if we will not support then the market will face more hard time.
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Board Economics
Re: Stop worrying about how much energy bitcoin uses
by
plescruslo
on 17/11/2018, 07:24:06 UTC
why have to think about how much of energy needed by bitcoin, I care only when bitcoin is on higher price for selling and when bitcoin at lower price for buying, just thinking when have I buy and when have to sell of bitcoin.
Well you might not care about how much of the energy is used in mining Bitcoin but the miners do. The low the cost of mining, the maximum the profit they make by mining. The good market in addition adds more value to the portfolio.
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Topic
Board Economics
Re: What if there is a natural disaster, such as an earthquake?
by
plescruslo
on 22/10/2018, 12:05:14 UTC
we know if a country experiences a natural disaster, the economy will be temporarily paralyzed. because of the many damaged road access and also damaged buildings which caused the economic collapse and of course that made the country's economy go down. my question is, does it have a big effect on crypto state? we know that there is no need for a way to go, and a wide place for incapacity. but when a disaster occurs, it is likely that the signal will be lost and difficult to access. and if the recovery process takes place long after the disaster, how is the condition of Kripro that might occur?

I will be very happy with your opinion

I think it will affecting on cryptocurrency but in temporary time. When earthquake or others disaster, peoples still can access their crypto and its safe to keep our asset in cryptocurrency rather than paper money. I am believe crypto like bitcoin will become safe haven and assets like gold
I think it will not affect cryptocurrency market overall, because we have seen big disasters in USA but the value of dollar didn’t effect too much. Beside dollar cryptocurrency is worldwide currency and not hold by one country and if there is any natural disaster it will hit one country but not the whole world. Therefore I can say it will not affect the cryptocurrency market.
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Topic
Board Marketplace
Re: Cryptocurrency is Great, But How Many Persons Know That?
by
plescruslo
on 22/10/2018, 10:52:12 UTC
It is too difficult to know how many people know about cryptocurrency because we come from many countries and we don't know how many people in our country that join in the cryptocurrency. But I think the number of people that enter will grow day by day especially if there is good news about the cryptocurrency so they can know and I am sure that they will start to learn more about cryptocurrency. Soon, after reaching more people, they will help to promote the cryptocurrency to other people, and this can make cryptocurrency will grows fast.
Very few people know about bitcoin and cryptocurrency overall. In my community most people do not know about cryptocurrency and they will take long time to get awareness about cryptocurrency and bitcoin. They will take long time to put their money in crypto and use it in the future. But I am sure they will get into cryptocurrency in the future because it is the future currency.
In the last few years a vast majority of people came to know about cryptocurrency and invested in it which increased the market cap and now it is in trillions. With the passage of time the rests will also in into this world. We should wait for some more time. crypto is the future currency and one day the whole world will not only invest in crypto but also use it as their regular currency.
Yeah number is increasing day by day and due to large number of investors market cap is also increasing and when market cap increases price will automatically go up. Therefore it is necessary to promote bitcoin in our local communities and especially to educated people. They will understand it in a better way. Gradually bitcoin will cover the whole world.
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Topic
Board Marketplace
Re: WHY INVESTORS (INVESTORS) SHOULD ATTEMPT TO ETH AT THIS TIME?
by
plescruslo
on 20/10/2018, 11:49:08 UTC
As for the personal view of the OP, You should also consider that Ethereum bagholders are usually ICO project and as this bear market, they will easily dump it if necessary. They need funds to channel out in their operations so its really hard to grasp as to where the price could go.

We actually didn't see it coming, aren't we? I mean I never saw an article nor speculators that consider ico dumping their eth as a factor of the price to decline. If we just got that before we surely sell at peak but of course we're likely optimist about eth position in the market. The ICO dumping had entirely affect the price in which decline by ×12 of its ATH.

I mostly bag eth and had loss a lot and despite of everything, surprisingly I'm still an eth fan and even this will be a win or lose situation I still hold mine. Truly a test of balls, and mine has some cracks.  Shocked
ICO projects dumping definitely affect the price and if bagholders didn’t collect funds for their channel their price will go down and the same happened here in ETH ICO project. It is clear that if investors move towards ETH investment the ICO will get a chance to maximize its price in the coming days. We should be optimistic and trustworthy about ETH future.
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Board Trading Discussion
Re: When to trade altcoins?
by
plescruslo
on 19/10/2018, 12:06:30 UTC
Currently all mayor altcoin followed price action of Bitcoin, when Bitcoin crash or push, others altcoin also will do the samething with biggger volatility. In my opinion will be more profitable if we trade altcoin with stable coin than trade altcoin with Bitcoin. And on the crypto market right now  many exchange offer trading pair altcoin with stable coin.
Apart from Ethereum the prices of almost all Altcoin are very low and you may not be able to make profits from those coins. Therefore it is better for you to trade in Ethereum. Its price is good and if there is a bit increase in the price you may make good money from it, not guaranteed but possible. The best option is only bitcoin for best trading and making money.
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Topic
Board Altcoin Discussion
Re: Bitcoin vs Ethereum
by
plescruslo
on 18/10/2018, 12:50:46 UTC
But maybe Etheruem also always follows the price of Bitcoin.
I see from prices in coinmarketcap, all altcoins always follow the price of Bitcoin.

ref ; https://coinmarketcap.com/
Ethereum is far behind than bitcoin. Ethereum price is just few hundred dollars while bitcoin is near $7000. I don’t think that Ethereum will ever reach to this price, and if reaches to bitcoin’s currency price bitcoin will be more than $20000 or $30000. For me the first choice is always bitcoin and ethereum is after that. A bit smart decision can make me rich in the future.
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Board Speculation
Re: Many cryptocurrency players have gone bankrupt
by
plescruslo
on 17/10/2018, 12:31:48 UTC
Disagree with your statement. I am in cryptocurrency since long.
Never heard if any trader have gone bankrupt. You should  present some data if you you are are saying. Rest if its true, there must be only reason lack of appropriate knowledge or lack of cryptos understanding. These are the only reasons if someone faces loss in cryptos.
I don’t think he was referring to investors, I think he’s only referring to the exchanges that have gone bankrupt. There are many of them, that’s why it’s good to know what exchange you’re investing your money on so that you don’t end up losing it. Some of them are scam and after raising the amount of money they need, they close down and zoom off with investors money.
It is right because many investors have bought bitcoin on very high price. They invested their money in the last quarter of last year when the price was more than $15000, but unfortunately the price collapsed in the first quarter of this year and they lost thousands of dollars against each bitcoin. That was totally a blunder and due to big investors that manipulate the market.
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Topic
Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
plescruslo
on 17/10/2018, 11:20:49 UTC
The one big problem of always waiting for the 'perfect time' to purchase your Bitcoin is that you miss that perfect time at the process of waiting. I know we all prefer to buy when the price is totally lower than it present price but what if this price is how low the price can get. This is one major mistake those who purchased at the price of 20k did. Simple, if you have the money; purchase now, if not, purchase the few you can.
I agree. We lost chances when we still wait for the right time but the truth is the right time is all the time as the price is down and you can gain profit from it. Do not waste too much time because you can regret for always doubting the price.



For me it's good to purchase or invest in a wise strategy because if you not have a wise idea or strategy there's a possibility that your money will loss so if you monator the price and you see the price will fallen that time is good to buy and we know the price of bitcoin will goes up again and that time we can get a great profit.
in my opinion this is the right time to buy bitcoin. and we must have a lot of capital if we buy bitcoin. You need to be patient to take an opinion, don't be too hasty.
Every time is correct, perfect and right time for buying cryptos. You should be confident, patient and cool minded while putting your money in cryptos. If you are smart and understand the market situation, you can make money in any conditions and any time. Therefore I want to say that if you are serious about crypto investment then don’t waste more time and buy today.
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Topic
Board Gambling discussion
Re: Is Gambling addiction a disease?
by
plescruslo
on 17/10/2018, 09:41:03 UTC
I am not really a gambler but I heard about people who can't quit it and keep losing lots of money. Do you think the attitude to gambling addiction should be the same as to drug addiction?
Should the government forbid gambling and treat somehow those who are addicted?
Or maybe it should be left up to an adult? I mean, should people decide on their own whether they need to gamble or not.
What do you think?
Addiction in gambling games is a bad thing and it has been proven against several events in the world.
The majority of addicts experience a bad life and that cannot be avoided.
So for anyone who wants to try playing gambling then he must be able to accept all the worst risks of destruction in their lives !!

Yeah it is like drug addiction but I want to say that addiction no matter drugs or gambling is not like disease. Disease is limited to your body but gambling is evil for the whole of society. Most of the gamblers in the world are also gangsters and criminals and it is a fact, I am not joking. Therefore I can say that gambling is the founder of crimes and criminals as well.
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Board Speculation
Re: A Big Move Is Coming Very Soon...Up or Down?
by
plescruslo
on 14/10/2018, 07:36:46 UTC
The quiet before the storm is here. I’m not sure how much longer this sideways price action can go. A big move is coming. I still think we have a good dump coming taking us to $3000 before the next bull run. What’s your prediction?

Disclaimer: I’m Hodling

I pretty much agree with your prediction, but the lowest that I see prices go is probably $4k at the moment. But I do think that a dip or two are still going to come our way before prices actually start recovering.

This is pretty much based on the previous cycles, especially the most recent bear market of 2014. Obviously it's not going to be a perfectly mirrored version of that, but it should be fairly close given the cyclic nature of the market within bitcoin.

Though, for now until the end of the year most likely, I think we'll still consolidate at $6k and see prices stay put and move mostly sideways without any major movement.
I think that the price will not down than $6000 and to my knowledge this is the bottom price for bitcoin, because if the price dips more than $6000, the supply of bitcoin will reduce because of no mining. Bitcoin miners already mourn that they are not making any profit because the price is very low and they may stop mining. That’s why I say that the price will never below $6000.
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Topic
Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
plescruslo
on 13/10/2018, 13:51:02 UTC
There is a general consensus among some notable crypto lovers that the prices of bitcoin and altcoins have bottmed out and that a break out is imminent anytime soon. So I guess it is a great time to buy. Also bitcoin traditionally favours end of the year for some price movement.
I have been saying the same thing for over 3 months now. Yes it is great time to buy crypto, actually buying any of them (except the delisted shitty ones) is still great. However you need to know that even tho these prices are great it doesn't mean it will go up in a day or two, you may have to wait more than you are comfortable with.

If you get bitcoin right now, I am sure it won't drop any further that matters, maybe couple hundred bucks more but not further, however just because I do not believe it will fall doesn't directly means it will go up, I believe it won't go down any further but I believe it may take sometime for it to go up.
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Board Trading Discussion
Re: Should I stop trading in this bear market?
by
plescruslo
on 13/10/2018, 11:18:15 UTC
we should not give up in any condition at cryptocurrency market.this is not give us best solution, and if we give up with currency condition its means all time we had already spend could be useless.
when price falls is an opportunity to find a place to enter market. of course it is for potential coins in the future, so our waiting is not in vain. many investors are actually happy with such conditions, because of greater profit-seeking opportunities
If you stop trading in this situation, it means that you are not able to survive in this situation. A successful trader can make his way in any conditions and he doesn’t panic bad situation. You should never quit trading and continue with confidence and determination. When the market is good everyone can make money but if you make money in this situation, you will be a successful and experienced trader.
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Topic
Board Speculation
Re: Why we will see $50k Bitcoin end of year
by
plescruslo
on 11/10/2018, 11:57:48 UTC
In my view the current price of Bitcoin is only $ 6,589 and there are signs of a return. But take a look at the reality to get $ 50,000 too hard and follow me is not possible. Bitcoin will probably only be at $ 12,000 which is the highest.
Yes, I also think that the price of Bitcoin at $ 12,000 may be the maximum by the end of this year. The closer we come to the end of the year, and the market stands still, the more we realize that there may not be much growth in the cryptocurrency market this year. This will be one of the most stagnant years in the development of cryptocurrency.

Bitcoin price can surprise us all, it happened before many times and be sure that will happen again. 50k dollars for single bitcoin by the end of this year is almost impossible, time period is two short, only two and a half months left, add that nothing big happened, nothing big enough to push the price so high. 10-12k dollars would be a great price for all of us, bitcoin can settle at that range and with 5 digits price we have a good foundation for next year. I don`t expect big changes next year too, bitcoin will struggle to keep new bottom, next big jump can come only if something really big happen, or we need to wait halving.
It didn’t happen many times. It just happened once in last year and the reason was high demand for bitcoin, but you will it never again in your life. If the price rose to $20k in real, then why it collapsed to $6k again. The reason was temporary increase and when the manipulators collected huge money the price was settled again. You should understand this.
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Topic
Board Speculation
Re: Bitcoin won't top $9,000 by year's end, Novogratz says
by
plescruslo
on 10/10/2018, 12:00:54 UTC
In other news, water is wet.

And Tom and Vinny have no fucking clue either.
The given price limit is quite reasonable and I think it is possible to hit this limit. There is no big difference between the current price and $9000. If little bit push will get bitcoin to this price. There are a couple of months in this year and I am sure that the price will grow in the remaining time in this year. Water is wet and crypto is digital usable currency in the future.
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Topic
Board Economics
Re: Is it the best time to buy cheaper crypto while Bitcoin is at high price?
by
plescruslo
on 10/10/2018, 10:26:06 UTC
So many crypto currencies are coming UP . They are much cheaper  than Bitcoin for now. It is so hard to decide  which to buy . Some are in good promos, to buy or invest to it while it is cheaper and sell when the price Will getting high. Is it a good idea to buy while we can not afford yet Bitcoin?
For me invest what you can afford to lose, and make a research first before investing to project even it was cheap and you didn't know what is the project all it was still useless and maybe your assets became nothing so better you have enough knowledge on it and you gather a lot of research before investing your money in this time you need to be wise for you to able to succeed.
It is good idea if you want to buy cheaper coins instead of bitcoin, but you should keep in mind that there are many scam coins in new ICOs and you should be careful about your investment. Bitcoin is no doubt very costly but it is also guaranteed and more reliable than any other coin in the world. You will lose your money only due to fall in the price.
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Board Gambling discussion
Re: India to legalize gambling and sports betting
by
plescruslo
on 09/10/2018, 10:31:53 UTC
Haha i can believe this news is true not a joke
As i know indian government not allowing gambling in their country it's because against the indian religious
And if i'm not wrong indian government warning to their people to carefull using cryptocurrency because they compare gambling investment because of high volatile movement
In the whole world the biggest number of gambler are Indians. Gambling is a big industry in India and I think this is the main reason that the government legalized gambling there. Bookies may pay tax on their income and is it also good for their government. Gambling should not be controlled anywhere in the world, so it’s better to legalize it and impose tax on it.