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Showing 20 of 94 results by snekinmyleg
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Topic
Board Speculation (Altcoins)
Re: Are the Green Days back ?
by
snekinmyleg
on 18/04/2018, 13:44:57 UTC
For the past 24 hours, i’ve Being thinking of what is going on precisely, if i’m dreaming or it’s absolutely real but presently I confirmed i’m Seeing what i’m Seeing for real 😳. The market cap is really attractive compare to few weeks back while everything looks like there were disaster in the crypto community. My question now is, are we out of the messy period to the Green Days in the crypto market ? Your contribution is absolutely required. Thanks

Surely the market will turn green after the red end. But I'm not sure that from now on the market will recover like late 2017. To market recovery, we need more countries to accept Bitcoins
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Topic
Board Bitcoin Discussion
Re: What should i do after buying bitcoin
by
snekinmyleg
on 17/04/2018, 16:45:36 UTC
After buying Bitcoini, I think you should invest in Altcoin and buy it slowly and replicate Bitcoini in your hand so that you can buy more Money.
You're right. For only $ 20 I do not think he will make money buying Altcoin. Need to invest the Altcoin under $ 1 to earn a lot of money from $ 20. Bitcoin is not the right choice
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Topic
Board Altcoin Discussion
Re: I do not believe ico anymore
by
snekinmyleg
on 17/04/2018, 16:41:29 UTC
i invested in 3 ico but they all make me uprooted.
1. ATFS
2. BEZOP
3. LEDU
and i think this ico causes bitcoin and etherium prices to drop.never trust again to ico.
Although there are many ICOs that help you make a lot of money after investing, there are also many fraudulent ICOs or low prices after being listed on the exchanges. You should choose carefully so that you can make more money with the ICO
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Topic
Board Economics
Re: The HODL strategy is not actual
by
snekinmyleg
on 16/04/2018, 15:19:15 UTC
its depends on your style.. if youre an investor your strategy really is HODL for long term but if youre a trader ofcourse youll trade when you already have profit and just buy again at dip

This. For some people who arn't good at trading, holding is the best strategy. They lose money trading (not least on trading fees which add up over time).
The fee for each transaction is not much. But if one day people have thousands of transactions, then the transaction fee is a huge day. Your comments are very accurate.
Post
Topic
Board Economics
Re: China tells people to buy gold & silver
by
snekinmyleg
on 16/04/2018, 15:16:29 UTC
Some major events as seen by China.

More....

It turns out that there is also “advertising” for gold and silver in China, too. The big difference here is that it is China's government which is advertising the “opportunities” in gold and silver and it is urging the Chinese people to buy gold and silver.

An article from mining web-site, Mineweb quotes a program which appears on China's largest (state-owned) television company, promoting bullion-buying in general, but stressing that silver is currently the best value for investors (no surprise to regular readers):

https://seekingalpha.com/article

Chinese government told/encourages its citizens to buy gold and silver in 2012.

Maybe this is a trap. The Chinese advised people to buy gold and sell Bitcoin and altcoin. After prices fell sharply as investors turned to gold investment. At that time, China would buy Bitcoin and altcoin. be careful
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Topic
Board Economics
Re: Is it a good buying price for bitcoin?
by
snekinmyleg
on 16/04/2018, 15:14:14 UTC
For me, when Bitcoin's price has not surpassed $ 25k, All below $ 25k is a good buying price. But the price of bitcoin is too high, if you want to find the opportunity to earn x100 profit then you should invest Altcoin
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Topic
Board Economics
Re: What do you prefer Bitcoin or Ethereum ?
by
snekinmyleg
on 16/04/2018, 15:02:15 UTC
I like both but I still want ETH investment over Bitcoin. In my opinion, ETH has many advantages over Bitcoin and the value of ETH is currently very low so it will make more profit than Bitcoin.
Post
Topic
Board Economics
Re: Is fall of bitcoin from 16k$ good for bitcoin and alt-crypto?
by
snekinmyleg
on 16/04/2018, 15:00:35 UTC
Within a year and half, bitcoin value soared from ~$1000 to the staggering $16000 dollars. Everywhere around the world, bitcoin became the buzzword. After touching 16000 USD value, bitcoin value faltered considerably. Today the value stands somewhere around 8500 USD to the 9000 USD range.  Many new-investors from many countries have almost lost their investment after this.
I think this price correction is good for the bitcoin and alt-crypto as well. Why? :
* Correction is way of setting up appropriate expectation. (what goes in up also come down)
* Bitcoin and crypto is not like your normal stock-market. Rather it is more volatile ans susceptible to market manipulations.
* People with heart for financial freedom will remain with bitcoin and or alt-crypto for sure. Gold diggers will vanish as  soon as party is over.
* People understood the value of crypto more seriously.

Bitcoin has still more potential to be explored. Whatever happened with bitcoin will make it stronger.

What do you think whether this fall in value of bitcoin is good for it or not? 
I apologize to you, but I do not want to see Bitcoin's price drop any further, at Bitcoin's current price, which will be an opportunity for new investors. But for those who buy bitcoin when the price of bitcoin is $ 16k, they will feel like they are in hell
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Topic
Board Bitcoin Discussion
Re: Salary Paid in Bitcoin - would you do it?
by
snekinmyleg
on 16/04/2018, 14:55:47 UTC
A company did an interesting social media experiment on people's acceptance of cryptocurrency as a method of payment for salary.

https://www.youtube.com/watch?v=-vcGUeDlnLU&t=30s

Looks as though it could possibly have been staged by the company (I don't think so??), but the results seemed similar to what I would expect if it was genuine. And I think it is actually a clever way of promoting their token sale, more potential to go viral than other promotional videos I've seen. Anyway, personally I think I would be happy to take cryptocurrency as at least part payment for salary, and depending on circumstances, the whole amount.
I do not think this is a good idea, if they pay us with Bitcoin, the value of Bitcoin must be the same as paper money. For example, when the price of a bitcoin goes down, our monthly wages will go down at bitcoin prices, I do not think anyone wants this to happen.
Post
Topic
Board Altcoin Discussion
Re: Which ALT-COIN will hit big in 2018?
by
snekinmyleg
on 14/04/2018, 13:55:19 UTC
Write your prediction.  Cheesy
I hope it is ETC. I bought a lot of ETC and hold ETC for a long time. ETC coin is very potential in the future, I think that in 2018 imitation of the ETC will burst boom. Also you can refer to the XRB
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Topic
Board Economics
Re: Can Bitcoin solve the worlds problem?
by
snekinmyleg
on 11/04/2018, 14:15:06 UTC
My opinion is not possible. Bitcoin can not solve the world's problems. Everyone knows the world has many problems, financial problems, food and many other problems. I do not think bitcoin will solve all these problems
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Topic
Board Bitcoin Discussion
Re: Stop Listening To False News...
by
snekinmyleg
on 10/04/2018, 14:02:27 UTC
The current "crash" is caused by one bad "news" after another. A lot of them are the false or twisted truth.

For example, today, once again "China Full ban crypto". What the... Why is it causing another crash?? Why is it even "news"?

It was already banned in China back in September 2017. All trading platforms suspended trading in September. Anyone from China who still trade Crypto must be using foreign platforms. Sure, they reported that China added all crypto exchange sites to Great FireWall. So what? These people have VPNs! When I was in China, everyone who visits foreign sites use VPNs. Yes, China banned VPN as well a long time ago. So what? Everyone is still using it. Just like ignoring the traffic light is illegal in China, but at every intersection, you will see people ignore the red lights... the truth! Just because it is "illegal", does not mean no one will do it.

So just this (one) news of China banned Crypto, it was repeatedly used to crash the Crypto market (4 or 5 times). Do not fall for it!
1. Summer 2017, China banned ICO.
2. September 2017, China banned crypto trading.
3. November or December? China became unfriendly to crypto mining (Large-scale miners moved oversea already)
4. January 2018. China banned websites of foreign crypto exchanges. (VPN!!!)
5. Today, "China Full Ban Crypto"... (Really?)

So what is next?
"China really ban crypto"?
"China really full ban crypto"?
"China really really full ban crypto"[​IMG]
"China will jail anyone who trades crypto"[​IMG]
"China will execute anyone who trades crypto"?
"China will nuke every country who trade crypto"[​IMG]??


Stop spreading this nonsense. What's done was already done in September 2017. Nothing has changed ever since. NOTHING really changed in the last 4~5 months.

Yellow journalism at its best.


Same goes for Korean and Indian news. South Korea did not really ban crypto. Just one guy wanted to ban it. It was not approved, nor implemented. So far they have only added regulations that people can no longer trade anonymously. So what? Didn't Coinbase, Kraken, Bittrex etc. US-based platforms all require our IDs and photos?

India also did not ban crypto. Just a minister made some unfriendly speech toward crypto. No real "ban" whatsoever.

From the look of it, someone or some groups are trying hard to make the prices go down. The sad thing is, people are falling for it. The same China "news" was used on 5 occasions to cause the market crash while nothing was really changed or happened. Korean news was used on at least 2 occasions.

The bottom line is, let's just ignore all the stupid "news". Use our brains. Not hearsay from yellow journalism. It is getting annoying to have every little "news" to impact the market price.
I never listen to bad news from countries around the world talking about bitcoin bans. Many bad guys have taken advantage of rumors and do some scared people.The rumors always cause the price of BTC to go down

Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not a currency?
by
snekinmyleg
on 09/04/2018, 13:57:34 UTC
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?
I think Bitcoin is more of a commodity than a currency. You use currency to buy Bitcoin on the exchange and then sell Bitcoin to get back the currency. As I see Bitcoin is more like gold than currency
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Topic
Board Bitcoin Discussion
Re: Is it the beginning of the end of bitcoin ?
by
snekinmyleg
on 09/04/2018, 13:53:00 UTC
As we can see the price of bitcoin going down and lots of people loose its trust from the bitcoin...
Is it the beginning of the end of bitcoin ?
You are one of those who do not have the patience and can say that you are afraid to see the price of Bitcoin down below 7k. If you are a longtime investor, you will find this to be a very normal market
Post
Topic
Board Speculation
Re: Price prediction by December 2018
by
snekinmyleg
on 09/04/2018, 13:51:32 UTC
I'm analyzing Bitcoin a lot. Based on the graph of Bitcoin. We can see that the trend is bullish. By the end of 2018, the price of bitcoin will be 17k. Hope it is the same as what I predicted. Maybe a lot of people will want the same as me Grin Grin
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Topic
Board Bitcoin Discussion
Re: selling bitcoin is a stupid decision ?
by
snekinmyleg
on 09/04/2018, 13:46:30 UTC
Hi guys , I  read in social media that many people are panicking its because bitcoin dropped every hour and they think they might lose their money because of that .Well for me , there's no need to panic because when bitcoin dropped as its lowest price its a blessing . And also joining in CRYPTO CURRENCY WORLD, you already know what risk you  should face , and  its a win and win bet when you hold bitcoin . So knowing that  some people selling their bitcoin I feel so sorry for them.  
I do not think that's a stupid decision. Sometimes you should sell Bitcoin while the market is red, you will save a lot of money and when the price is very low, you should buy Bitcoin then you will have more Bitcoin.
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Topic
Board Economics
Re: Bitcoin is useless
by
snekinmyleg
on 06/04/2018, 14:05:03 UTC
I am amazed with number of people being fooled with BTC:

1. Transactions takes hours
2. Fees are high
3. Development team sucks, uncapable solve scalability issues for years
4. Its not anonymous, every solution to make it, failed so far
5. Its centralized: who is biggest hash power owner? Who is biggest miner hardware provider? Who owns most of bitcoins? What is % of Bitcoins in coldstorage and what in exchanges ( Ye Mt Gox )
6. There is 0 economics for BTC, it just tight to USD with liquidity providers, cut that and try to value pizza box with just BTC
7. Its not store of value, its not digital gold, and it will never be 100k USD. Because it has no value. It has value only for energy probiders, hardware manufactures and random phils.
8. Its not insured, If some crap happened to your BTC, its gone.
9. Bitcoin has a limited supply, but it does not help much. Bitcoin has a code that can be amended and its enough of small group of people to work together to support that. Question really is: do someone need that hassle? No really. Bitcoin has satoshis, that currently meaningless and just nice numbers after dot, but this a very well painless way to inflate any crypto currency and its up to liquidity providers. Again it falls to point #5 and #6. Added on 24/01/2018

Such crap will never be used in payments, noone wants to support Terrabytes or Petabytes of data.

Its funny to observe how uneducated shills trying to make casual office landline phone to look smart phone.

BTC is scam of the century, stay away.

UPDATE 12/02/2018:

As this forum full of bots, I will emphasize one question from the user:

Ok, for all of you that insist that Bitcoin is not useless, tell me!

What do you use Bitcoin for?

Please don't tell me what it could be used for or how other people might use it. I want to know how you use it. Also, please don't tell me about trading or hodling. Those are not uses.


Hope to get constructive answers.

UPDATE 11/02/2018:

One by one, it becomes recognizable that Bitcoin at this stage is very useless. DarkNet, is the one who started one, and the one who will make a dump: https://cointelegraph.com/news/is-darknet-done-with-bitcoin

This is a very worried signal

UPDATE 30/01/2018:

Bitcointalk, and many other crypto related forums are heavily manipulated by bots, the amount of useless posts and conversation is just crazy. Even look at this thread, so much messages about "it will make me reach", "it growing", "I am going to be wealthy" so much manipulation, only in ponzi game this possible. It proves just on how bitcoin is useless, because 90% of people just copy paste message from bots, even not knowing basic fundamentals.

UPDATE 29/01/2018:
Few points were made here that are unfair:

1. Bitcoin is a first one, its revolutionary and so on and so forth, wrong, Bitcoin is a client that is build on top of practices that were developed and test long time before Bitcoin e.g. Proof of Work, Hashcash, eCash, bit gold, Merkle Tree, Peer-to-Peer,Byzantine fault tolerance etc.

2. Bitcoin is still in development and it needs a time and so on and so forth, really? its a 10 years old technology. Its usage is very easy predictable, no rocket science here. Scailibility problems were addressed long time ago. But like in every corrupted government, Bitcoin has biased devs, greedy miners and exchanges driven by capitalists. Why to care about tech? When everyone is just become wealthy on nothing. This is why its scam and this is how it become useless, because everyone only cares about price, not utility on day-to-day basis. Typical ponzi game.

3. Bitcoin is store of value, fake as is. Everything that has Blockchain underneath is store of value, Bitcoin is neither exception nor unique here. And again it has no value, because there is no utility. Remove exchanges from equation, and tell me how much BTC will be worth 1 pizza?

UPDATE 24/01/2018:

Everyone is amazed of why I called it useless, well, recently Stripe dropped support for Bitcoin payments. This is the prove of Bitcoin being useless. Stripe was not the only one in recent months to do so. It should ring a bell.


UPDATE 23/01/2018:

useless, guys the fact that some of you become reach and wealthy does not make Bitcoin useful. You wealth does not come from values that are used in propaganda.

1. Why I am still here? I believe there are technologies that are better maintained and lead than BTC, I prefer put money in something that bring value, has use-case and been used.
2. LN is panacea! Well not, so far its more dream than reality, no doubt it will be delivered in one or other way, but it will not solve all problems and so far it has more questions than answers.
There is a lot of specific evidence that you give is absolutely correct. But I think if bitcoin is useless, then people are investing in useless things. No, bitcoin is totally useful for everyone. Thanks to Bitcoin that transactions are faster
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Topic
Board Altcoin Discussion
Re: What is your biggest regrets in cryptocurrency?
by
snekinmyleg
on 06/04/2018, 14:02:46 UTC
I received an email on the 29th of April 2012 from a close friend who basically said I should buy BTC.
They were $5 each.

Of course I regret not buying any.

That can be a huge pity. If you spent $ 100 to buy Bitcoin for $ 5 then now you have become a billionaire. I knew Bitcoin when it first started, but I did not invest in it. I really regret to ignore the opportunity to become billionaires
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Topic
Board Altcoin Discussion
Re: Is this good time to invest in ICOs.
by
snekinmyleg
on 06/04/2018, 14:00:45 UTC
True success comes after a product is launched. However, I can almost see the wonder that exists within GIG9! I think this is one of those ICOs that going to makes waves in the market so I suggest you join me in investing.
Why can you be sure the ICO you say is good. I think you should provide proof that ICO GIG9 is good and has the potential in the future. We can not invest in non-potential ICO projects.
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Board Trading Discussion
Re: Fall of crypto is near
by
snekinmyleg
on 05/04/2018, 13:35:26 UTC
I am in immense pain to say that i foresee the fall. I would not be surprised if we lose from this point to 50-60 percent.
Accirding to my knowledge institutional investors are bidding out from crypto and stocks.
Stocks has already dwindling now and same will comeback to crypto.
I know some will say it is a fud but friends i am not joking. You are free to not  to buy my thoughts.
Hope i will save someone.
Thank you.
Price today: 7930 usd per bitcoin.

Ps: sorry for typos i am on smartphone and oil is in my hands, i saw something ehich i could not resist..so i decided to spread my words with you guys.
There are many ideas that Bitcoin will crash or bitcoin's value will drop to $ 1. But I never believed such opinions were true. Everyone here has a belief in bitcoin and every day they spend money to invest. The market is always pumping, so bitcoin will not be able to crash