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Showing 20 of 73 results by promich21
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Topic
Board Economics
Re: Bitcoin volume is still rising ?
by
promich21
on 01/11/2018, 05:53:27 UTC
Bitcoin volume is increasing but the price of bitcoin remain at the same position which we don't know when the price of bitcoin will recover. People who have bitcoin should hold them until the price of bitcoin increase and we don't know when it will recover. For that, we need to have little more patience in the market.
I am not agree with people who are saying that volume is rising its just stable and we need more investor to make to rise.
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Topic
Board Economics
Re: What can be done to make bitcoin stable?
by
promich21
on 30/10/2018, 06:22:25 UTC
Bitcoin prices will never be stable, because bitcoin has a very strong influence from very limited supply and very high demand making bitcoin very difficult to be stable there will be price movements because of the influence of buyers and sellers interacting with each other.

Yes, bitcoin is known for its volatility and bitcoin price will never become stable, this made bitcoin very popular now. And because of big investors manipulating it, being stable will never happen.
there is no point in making bitcoin stable, with its fluctuating nature, bitcoin makes traders interested. basically if purchase and sale are same, price can be stable, but it is very difficult to control like that
Making bitcoin stable mean truing it to useless currency. Ever know why people are attract to bitcoin ?because it has potential to increase and its highly violation makes people mind to invest in bitcoins.
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
promich21
on 30/10/2018, 05:25:38 UTC
new comer or experience one?
its about how to patient. if you just holding, buying, follow the flow, you cant be rich like expert. you know, trading can give your more coin. you can take chance when the market low, trade as much as possible to multiple your money.
sometime people just said about negative thing than they share positive thing
Mistakes are done by people and it’s the people who do mistakes first and then learn from it. Crypto Trading is also no different and we need same patience as required in other walks of life.
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
promich21
on 27/10/2018, 09:36:11 UTC
new comer or experience one?
its about how to patient. if you just holding, buying, follow the flow, you cant be rich like expert. you know, trading can give your more coin. you can take chance when the market low, trade as much as possible to multiple your money.
sometime people just said about negative thing than they share positive thing
High risk in crypto market does not mean that we leave it completely. Trading involves a lot of experience and only those who are used to it can survive this market.
Post
Topic
Board Speculation
Re: The pain of holding bitcoin in 2017.
by
promich21
on 27/10/2018, 06:56:56 UTC
This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding.  Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year.  We should still holding as selling below the amount we buy is selling out of pain and frustration.

Well unfortunately, those people have limited choices. By this time, those that probably got in because of hype had already sold their btcs and those remaining are set for the long haul. Disappointing of course, but you have to look way ahead if you don't want to lose.
In 2017 i also did that mistake i bought 1 btc at price of 20,000 and now its to much down. I sold them when the price was $10,000 thought its dead i just broke my patience and did panic sell.
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Topic
Board Speculation
Re: What factors cause the fall in price of Bitcoin?
by
promich21
on 27/10/2018, 05:45:09 UTC
Panic selling is what draws the price of Bitcoin so down to the drain. Any event which leads to panic selling of Bitcoin can be considered as a contributing factor. The news of a hacked exchange site, false news from governments, banks and the media, a Bitcoin advocate country later banning Bitcoins etc. All these factors contribute to the fall in price of Bitcoin on the market.
Many analysts and analyses are pointing towards good news and bad news or image of any product or about any product will directly affect value of that product.

But I think that it is actually demand rate that may reduce or increase with bad or good news respectively but the most prominent statement is to mention demand rate. The current price shows stability and this came as a result of the gap that has reduced between up and down movement.
People just believe what ever they're watching on internet but we should not forget that not everything is true in internet community. Making fomo is the art of internet's people and media play roles in it. They just listen to government and search the fomo.
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Topic
Board Economics
Re: Is this the correct time to purchase bitcoins and al-crypto?
by
promich21
on 26/10/2018, 10:08:02 UTC
Very few of us have seen first rise and nose-dive of bitcoin. Then came the tremendous growth report of bitcoin which forced the world to take bitcoin and alt-coin seriously. This tremendous growth soon started to get correctly. That is from 16000 USD to ~6200 USD correction has happened so far. As as of now the prices have remained stable about 6000 USD.

Do you think this the better time to go for bitcoin purchase spree again? As from the bitcoin price history bitcoin has shown tendency to spike periodically.
Considering the bitcoin  novelty has worn off across the glob, Now there is sufficient awareness about the bitcoin and crypto. what could be the driving factors If yes then what could be the driving factors for the growth? As previous factors may be less significant this time.
I believe this is not yet the time I still predicting it will be more cheap next month since this year the market will not go up like last year. Well we dont know what will be next but look at the market.
it hard for cryptocurrency down anymore, its hard to happen if there is no negative news in market.and we hope this condition would not happen any more or investors will take all of their money.
I think you should chose alt coins instead of bitcoins. I assume that bitcoin is falling and this time isn't good for purchasing it. I my self-purchasing alt coins and trading with them.
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Topic
Board Speculation
Re: The falling can't be real
by
promich21
on 26/10/2018, 08:02:44 UTC
what you say turns out to be wrong, the current condition of the price of bitcoin is falling, making the price of bitcoin unpredictable and a lot of losses due to falling bitcoin prices.
It seems like the current stable situations which have been fluctuating here since the start of this year in between 6k dollar and 8k dollar but the gap is now limited to 6k and 6.5k dollar which is not a big gap.

The downfalls are due to demand rate as we were expecting better future and investors late in 2017 did not sell out as they were looking for some more increase but that did not happen and now conditions are not good for them but they have one solution that is to hold it for more time.
Sad to say but its real. Bitcoin is now below than 10k. But you should not worry about its price be patient and if you're true bitcoin lover you will never do panic sell.
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Topic
Board Economics
Re: it is possible fiat currency will crashed?
by
promich21
on 26/10/2018, 07:24:39 UTC
While you can buy food with fiat and while you can buy nothing with crypto, fiat always will be the winner

When crypto will be over full bank control, crypto willbe new fiat, easy plan  Cheesy
They're anonymous which make him more risky and help criminals to transfer there money any where in the world without knowing anyone. Whatever Robert Kyosak said it won't happen. Government never let cryptocurrency to replace with fiat.
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Topic
Board Economics
Re: Bitcoin volume is still rising ?
by
promich21
on 26/10/2018, 05:59:58 UTC
I always have strong belief that the price of bitcoin will increase, although recently its price has dropped but it will definitely increase again.
I think we should wait till the end of December the reason is bitcoin has weird feature that more its fall more its increase its rate. next year would be great.
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Topic
Board Economics
Re: Is wallet security important to use?
by
promich21
on 25/10/2018, 07:34:24 UTC
Of course, it is very important, crime in cyberspace is very high, and the most disadvantaged is us if we underestimate internet security... I once lost important data because I was not confident with the security of my device and network, from that I learned to care about security, so that my wallet was safe...
Of course we need highly security in order to keep our coins secure from stealer especially for hackers. Ever thought why a banks hired security guards? because they have to keep money safe from robbers.
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Topic
Board Economics
Re: bitcoin investing
by
promich21
on 25/10/2018, 06:20:52 UTC
Before you invest, you must know that BTC is full of risks, you have to be patient and keep it, I believe the value of BTC will jump and make your investment grow. you can buy it in several exchanges by depositing fiat currency and exchanging it with btc

People do need to understand that btc is highly volatile and involved huge risk. Yes higher the risk even the rewards can be greater. So one should have patience and ready to take risks then only do invest in crypto currency else if you invest and require money then you might get struck if market crashes during that time.

It doesn't matter if you chose bitcoin, stock market, mutual fund account etc. The name of the game is holding and do some patience . The first rule of investing is always keep your coins hold and not to sell them.
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Topic
Board Trading Discussion
Re: What's your favorite exchange?
by
promich21
on 23/10/2018, 11:07:17 UTC
binance can be one of my favorites to be used as an exchange option, this happens because now binance has a large volume and is also one of the markets with good prices. so it's not wrong to choose binance.
Now i am Kraken user and they provide 24/7 supporting. I can withdraw my amount from banks and the good thing is they never applied highly fee or any extra changers like binance.
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Topic
Board Economics
Re: Is there any chance of having one global currency?
by
promich21
on 23/10/2018, 10:34:38 UTC
In my opinion, i don't think there would be one global currency it is because each countries has it's own government policies and laws.
You right, that's a simple but precise reason. it is impossible for the whole world to have only one currency whereas every country has
its own government and rules based on their ideology and the state of their society, unless the whole world has only 1 government, but ts not gonna happen
No one would accept that, government wants to rule its own society and it is really impossible to have one goals, politics and greedy people will always look for their benefits and it will affect many things including currency and economics, as per now, having one global currency is just a dream and still
far from  reality.
Of course, there are a lot of economic dramas in the world to make every economy in their country improve, look at how the USA government is carrying out trade wars with Turkey and China, it is a form of government policy that wants to make their local currencies have a high exchange rate, so it's not gonna happen the world will only have 1 currency
There's should be an other reason bitcoin is tax free so we don't pay any tax while converting it into fiat or sending money. That’s the main reason for me.
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Topic
Board Economics
Re: What will you do with the current market?
by
promich21
on 23/10/2018, 05:55:33 UTC
current market conditions are not good because there is a lot of bad news that makes the mentality of traders become disrupted and traders panic so that it can influence the fall of prices in the place of exchange.
But maybe we should not forget the bitcoin is volatile and its still surviving. Its the time where we should wait bitcoin isn't dead nor its the end of cryptocurrency.
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Topic
Board Economics
Re: Bitcoin after several years?
by
promich21
on 22/10/2018, 12:21:59 UTC
Bitcoin prices will rise to 500,000 Dollars. Liew's investment is currently quite extensive. Not only Bitcoin, but also investing in multimedia companies.
Can't say anything and i am not sure in future bitcoin will survive. Not only bitcoin all other cryptocurrencies are losing there price and people are slowly leaving the market. The reasons is its contentiously banned in some countries.
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Topic
Board Economics
Re: Sick and tired of the cryptocurrency bullshit!!!
by
promich21
on 22/10/2018, 12:21:22 UTC
Warning! Ranting ahead!

I am getting really pissed at the state of the markets. Despite positive news, the market is still pissing blood. Why?

Tons of videos on YouTube over and over again and again, hyping the crap out of this or that coin, anticipating something. But what for. The prices are not moving up when they should be.

What is the point of being excited when market is being manipulated by the most despicable creatures on the planet who see themselves above everyone else.

From my point of view it looks like TPTB saw people getting rich and becoming independent and they couldn't allow so many wealthy individuals in society so they came up with a plan to end this.

If you look at prices you can see how prices hardly change anymore. Heck most of the time Bitcoin prices remain at 0.00! in the hour! Why because they probably set up their bots to pump and dump their coins based on market movement to keep the price the same to prevent people from making money. This isn't so impossible to be true you know.

Just set up some bots and millions worth of money and when ever market provides a hint of an improvement dump it, and when even it going bad pump it. Keeping the prices relatively stable.

I mean why on Earth would anybody in their right mind sell, or setup their bots to sell when positive news is everywhere. It just doesn't make sense. It just an evil behavior that is all.

Perhaps this is already the cycle ecosystem of this business industry, were the market was manipulated by the whale investors. And we as an ordinary traders won't do anything about it to make our way to get profit thru doing trade in the market, where most often the players in every exchange are still come what may accepting the fact. But of course we shouldn't be stop why we are here.
You're wrong. You should not depressed with current situation. You're not alone there was a time when i think the same that bitcoin is bullshit and nothing. I suggest you to do the same thing give chance to bitcoin and hold them.
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Topic
Board Speculation
Re: Do you still believe in btc price predictions?
by
promich21
on 22/10/2018, 11:32:34 UTC
Believing in someone's prediction can be so satisfying if everything goes well as predicted. But what is more satisfying if you just believe in your instinct and own prediction regardless if you backed it with technical analysis or not.

But what if your prediction didnt go well ? Do you still find it satisfying ? Hmmm  i dont think so .

We shouldnt have to believe in such predictions because those things are only imaginary  and cannot guarantee that it will happen .

Instead , we should only believe on what we actualy see around us because those are the real thing and they dont lie .
I always predict my self and hold my coins. I never believe other predict since most of their predictions are wrong and against bitcoins. They don't motivate people to invest they always start scared people so they won't invest.
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Topic
Board Economics
Re: Good business is a business that begins, not questioned continuously
by
promich21
on 22/10/2018, 09:43:56 UTC
start your business as soon as possible, don't delay too long. don't be afraid to fail, because all businesses must have failed. a businessman always lives dynamically, sometimes going up and sometimes down. never static or always stable. I started a business selling kid's birthday designs, not really in demand, but I'm always sure of my business.

if you want to check and buy my design, please visit etsy.com, and find my name there "drumshop"

thanks
You're right we should not think about which business is good we just start it. I know it would be risk but its just a nature.
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Topic
Board Economics
Re: Is the US Dollar Too Volatile?
by
promich21
on 22/10/2018, 08:00:23 UTC
As for me, I've heard that US owe China a lot of money, so they are in debt.
Why so much debt? Can you explain it to everyone? And the dollar is so volatile?
Dollars in my country rapidly increase. I think yes its volatile but not same as bitcoin and cryptocurrency. We can call it volatile but not highly volatile.