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Showing 20 of 349 results by sorrysteve1
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Board Speculation
Re: Will the price go to 1 BTC = 1 oz gold again?
by
sorrysteve1
on 28/12/2018, 17:55:26 UTC
1 ounce of gold is approximately $1,400. No, I don’t think bitcoin will go that low, we may go sub $3,000 per bitcoin for a period but $1,400 per coin is asking for too much imo.
there was that day 1oz of gold almost covered all BTC's.....

and

there will be that day that a car trunk full of gold equals 1BTC and beyond



There will likely be a day when 1 BTC covers all the gold in the world. We're rapidly moving towards a digital society, gold will become useless given its obvious limitations. BTC does not face such limitations and is the future.
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Topic
Board Bitcoin Discussion
Re: What are specific examples of problems with centralized banking?
by
sorrysteve1
on 28/12/2018, 17:53:14 UTC
Lack of control and inflation. Venezuela is a great example of what can happen if a countries monetary policy is out of hand. People who saved money all their lives would suddenly find it being near worthless. In BTC no one can print new money and devalue the old.
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Topic
Board Bitcoin Discussion
Re: Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms
by
sorrysteve1
on 28/12/2018, 17:50:32 UTC
No real surprise. They'll have expanded unnecessarily when bitcoin mining was immensely profitable in the previous bull run and now they're feeling the squeeze. They won't be the only company that is doing this.

 Remember they have tons of BCH which is not as profitable as they think it would be.

Still pretty profitable when you consider they just magicked a lot of it out of thin air with the bitcoin fork. I don't really have any sympathy for them, they probably generate billions of dollars in profit every year, even with the market as bearish as it is.
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Topic
Board Bitcoin Discussion
Re: Layoffs Underway Amid ‘Adjustments,’ Bitcoin Miner Bitmain Confirms
by
sorrysteve1
on 27/12/2018, 20:46:07 UTC
No real surprise. They'll have expanded unnecessarily when bitcoin mining was immensely profitable in the previous bull run and now they're feeling the squeeze. They won't be the only company that is doing this.
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Topic
Board Trading Discussion
Re: Using ATR for Position sizing and Stop Loss
by
sorrysteve1
on 27/12/2018, 20:44:39 UTC
2% was only an assumption to make the calculations, still dont know which risk would fit in my trend strategy yet.

Is not for diversifiying towards crypto coins, basically is for diversifying my strategy in different trades adjusted by volatility.


Is better having a portfolio management skill rather than enter and exit strategies.

It's my opinion that unless trading with a huge amount you don't really need to diversify too much if you're day trading. There's little wrong with going all-in as long as you have a strong stop-loss strategy that you follow at all costs.
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Topic
Board Trading Discussion
Re: Groing your trading balance with 3,778% in 1 year by only 1% profits daily
by
sorrysteve1
on 27/12/2018, 20:43:05 UTC
If it sounds to good to be true....

IT doesnt sounds to Good to be true. But iT doesnt work deandree replies. The larger the amount the more difficult iT is to make a consistent 1% profits daily. Never told you can make 1% profits on an balanc off 100s of thousands or millions. Thats why i stated iT can work perfect for Any amount between 100 ans 1000$.

But with a starting amount between 100 and 1000$ iT is an achievable goal. Lot of people undersestimate the strengt of compounding profits.

But no worries. As soon as i start my 365 day run i Will keep posting Every single result and than you Will see its not sounding to Good to be true.

This is not Some kind of scammy investment scheme its just a strategy i tested and used before with goal achieved everytime.

For most people and most markets it will wind up being too good to be true once they get in to any serious money. What happens when you invest in a coin and it dumps 20% in one day? It may not happen often but eventually it will happen.
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Board Altcoin Discussion
Re: rICO - an ICO where you can reclaim your ETH?
by
sorrysteve1
on 26/12/2018, 19:57:25 UTC
This structure would be terrible for conducting an ICO, the team can't properly manage their finances and are so liable to what ICO investors think and do. Many of the best projects have had times where most investors would take back their funds if they could, now they've gone on to be tremendous successes.
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Topic
Board Trading Discussion
Re: Should i trade on this market ?
by
sorrysteve1
on 26/12/2018, 19:55:52 UTC
Should i trade on crypton-wallet.com. I have to deposit 0.015 btc to verify my account and start to trade on this market. Have anyone withraded from this market? Pls give me a feedback

Why even bother to trade on some sketchy exchange? There are plenty of legitimate and known exchanges which you can trade upon. Stick to the well known exchanges and you'll be fine, or go to these dodgy ones and if you lose all your funds it's all on you.
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Topic
Board Bitcoin Discussion
Re: Can someone explain in simple words what's the SEC and why we need it?
by
sorrysteve1
on 26/12/2018, 19:54:33 UTC
I hear so much about the SEC in the last few weeks. Can anyone explain what's so important about this decision. why it's good for the market, and why we get rejected?

the SEC is a pseudostatist organ of the private american banking cartel that runs it in order to fake an altruistic legitimacy,

it is not statist or public as the united states is not a communist society it is simply a private lobby organization created to represent the regulatory interests of the american banking cartel.

the american banking cartel is selfregulated and runs basically the united states.

regards

The SEC could be decommissioned or ignored at a moments notice. The banking sector like some other business sectors is required to self regulate because the leading experts all work for the banks. You cannot have people without any knowledge of an industry regulating it. It's evidently a conflict of interest but it's much better than the alternative.
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Topic
Board Bitcoin Discussion
Re: I don`t care about the market. I will HODL to USE!
by
sorrysteve1
on 26/12/2018, 19:52:00 UTC
HODL shouldn't be something that is indefinite. If you plan to wait to use your bitcoin then what will happen if that never becomes a possibility? You're better off using it now and helping bitcoin to grow in its relative infancy. We may never see the days when 1 btc can buy you the world.
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Topic
Board Bitcoin Discussion
Re: Revealed: Germany’s 2nd Largest Stock Exchange Listing Bitcoin
by
sorrysteve1
on 24/12/2018, 16:55:28 UTC
Introducing more people to bitcoin and providing them with easier access to buy will only increase adoption long term. It's a shame that with this they aren't given some sort of mandatory introduction to bitcoin so that we don't have many people investing in to something they know little about, they'll only be the ones who panic sell the next crash
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Topic
Board Speculation
Re: A big advice on how to invest with BTC
by
sorrysteve1
on 21/12/2018, 18:17:04 UTC
Hello world.

So I've a small advice for everyone a bit new around here... Get a storage wallet.
Not mandatory a hardware wallet of course but get a wallet that you won't use daily, somewhere where your coins are safe and not too easily accessible.

Because otherwise with the amount of opportunities and tentations you're going to go all in in too much opportunities, one is doomed to fail and you'll lose it all.
I'm giving this advice because since I've got a hardware wallet I've finally managed to split my profits from investments between reinvesting and storing.

Before that I ended mainly losing my profits because I reinvested everything all the time...

So get a storage wallet, and split your profits.

They're not only the best option for preserving your coins due to safety, they also protect you from yourself and your own intentions, for the most part people get too involved emotionally and make irresponsible decisions. That might lead to selling coins at far too low of a price due to fear or other emotions.
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Topic
Board Altcoin Discussion
Re: many investors fall poor because bitcoin prices are down
by
sorrysteve1
on 21/12/2018, 18:15:26 UTC
Bitcoin prices dropped to make the altcoin price to be very low and even 500% lower than the price of ico, which makes many investors experience a lot of losses. not a few investors who become poor because of it. is it true that bitcoin affects the price of all altcoins Huh

All altcoins follow bitcoin in general. That's because the whole market is still so dependent on it. I wouldn't say that maybe people have become poor because of BTC. If they were irresponsible enough to invest all their money in to something then they were going to become poor either way, if bitcoin didn't get them something else would. They became poor because of their own actions.
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Board Bitcoin Discussion
Re: It's 2040, the last bitcoin was just mined...
by
sorrysteve1
on 20/12/2018, 13:26:16 UTC
It's not something that is going to happen over night. The block reward is going to decrease gradually and so miners and the market will have plenty of time to adapt to that. What's likely is that the fees received per block will gradually increase over time as the block reward falls, keeping a relative parity to mining cost.
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Board Speculation
Re: The bear period (December 17, 2017 - December 17, 2018)
by
sorrysteve1
on 20/12/2018, 13:23:34 UTC
Does anybody noticed this? The bitcoin lost regular 85% of its value as a result of the market correction from $19,800 to $2,900 within the period of 12 months. Just like 2014 - where bitcoin went from $1,200 to $150, losing 85%. This happened to bitcoin before, does anyone here recalls 2013/2014 bitcoin correction?


There are a lot of similarities, I've seen overlays where they look nearly identical. That doesn't mean that they'll continue to be so. Previously bitcoin went sideways from here for almost a year. I do not know if that will happen again. What I do know is that whatever does happen, won't be entirely down to the fact that it happened the same previously.
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Board Meta
Re: 🔥🌟🔥BUYING LOT OF MERITS!!!🔥🌟🔥
by
sorrysteve1
on 19/12/2018, 16:07:00 UTC
Firstly this is the wrong section of the forum, that's assuming it is even worthy of being a thread.

Let me give you a piece of advice. If you only post with the motivation of earning more merits and thus more money, then you will not be earning many merits. The people with high merit counts are the people who post because they want to contribute to the forum, through information and knowledge share and through debate and discussion. Focus on that and merits will be secondary.
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Topic
Board Speculation
Re: Interesting reads on future of Bitcoin price
by
sorrysteve1
on 19/12/2018, 16:04:09 UTC
In terms of marketcap decrease it's by far the largest but I agree that shouldn't be the only measure of what constitute's the biggest bubble.

What matters is price. It seems like price growth in percentage terms ought to be the defining factor for bubble magnitude. That actually gives us meaningful information to distinguish between bubble cycles.

Total market cap completely distorts things because it's a function of total supply (for all coins). The majority of supply is never traded on the market and therefore shouldn't be factored into "growth." We're talking about lost coins, inactive coins, and especially large pre-mines and token issuer holdings. Using these as huge multipliers for price really exaggerates the total value of the market to the point where the numbers are useless.

Which bubble was largest depends where you measure the bottom from. 2011 appears significantly larger than 2013, which appears significantly larger than 2017. Each bubble seems to be getting smaller in terms of relative growth.

Price distorts things in a different way to marketcap however because it discounts the fact that a movement of price at a higher level is more significant in terms of the conditions that go in to making it possible. From an investment point of view it's easy to look at price alone but to say that the price moving from $1-$10 is the same as $1000-$10,000 is not true. I don't feel there is any clear answer to how to define the size of a bubble because every measure will have its advantages and disadvantages.
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Topic
Board Economics
Re: Wash Trading: Markets manipulation
by
sorrysteve1
on 19/12/2018, 16:00:52 UTC
I don't think this is neither illegal or even immoral. When the whole livelihood of your lives work depends on you doing wash trading so your volume look high that is still quite acceptable, add the fact that others do it too and you got yourself a no brainer.


Are you trolling? Good one if you are, otherwise you are not making any sense. Here's why: it's fraud. Wash Trading is fraud. Anyone who has a livelihood dependent upon such activity is a fraud too.

There's a third possible explanation: some libertarians question the whole concept of fraud, arguing that every trade interaction is based in deception (see Friedman comment in link).

Unless I missed the point, the argument was that if someone took advantage of another person's financial struggles to exert a bargain then that could be taken back because it's fraud. But that is completely separate to fraud. That is knowing of another's situation and using it to your advantage, it is not manipulating a situation so as to make it seem different so that another person is mistaken and you can profit from this.
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Topic
Board Economics
Re: Wash Trading: Markets manipulation
by
sorrysteve1
on 18/12/2018, 19:34:51 UTC
Having invested in to some altcoins that are on these exchanges I wish that they'd delist their token, similarly I wish that coinmarketcap and other such sites would stop listing them and recognizing their prices. It only further promotes them and allows more people to fall in to the trap of thinking it is legitimate.

Believe it or not but CoinMarketCap mostly lists the supposed "good" players in the market. There are lots more bad players out there.

Well, I believe they might claim that but obviously they don't do the best of jobs at it. It's so clear with many exchanges that the volume isn't legit. I guess the issue is that CMC don't know if it's traders or the exchange behind it and they can't punish the exchange for the actions of some traders.
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Topic
Board Speculation
Re: Interesting reads on future of Bitcoin price
by
sorrysteve1
on 18/12/2018, 19:31:33 UTC

While it is true that the 2017 bubble was the largest in Bitcoin’s history,
was it really the biggest bubble?
note that being a big bubble is not about being in the highest price but having actual big BUBBLE. I personally consider $10k to $20k a bubble which means it really wasn't that big. in fact it can be considered one of the smallest bubbles. even if you consider current price as the bottom and take the 80% drop as the bubble burst (which it really isn't true) that still doesn't make it the "biggest" because we have had bigger bubbles in the past.

Quote
the market capitalisation of both Bitcoin and the cryptoasset ecosystem still exceeds its January 2017 levels –-
I am sure this will happen for bitcoin but it will not happen for at least 80% of the altcoins and the rest of 20% will have an extremely hard time to reach their previous ATH because most of them have already lost their place in the market and are being replaced by newer altcoins.

In terms of marketcap decrease it's by far the largest but I agree that shouldn't be the only measure of what constitute's the biggest bubble. I think one of the most important things is not something that even can be quantified, but the effect the bubble had on the market. With hindsight you may be able to measure this based on how long there is from bubble burst to a new ATH but I'm not even sure that is fully accurate. To my mind 2014 was a bigger bubble due to the shear influence it had on the market.

You're doing the current market an injustice saying it only exceeds January 2017 levels. The marketcap at the turn of 2017 was under 20bn, bitcoin being the only coin with a marketcap over 1bn. The overall market has still grown massively since then.