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Showing 20 of 299 results by tatum506
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Topic
Board Economics
Re: Crisis is Coming
by
tatum506
on 22/09/2018, 15:26:29 UTC
I have read and analysed what you have written but I don't think that it is the real crisis. To  my mind, Bitcoin is strong enough to cope with all price fluctuations and as for me soon it will occupy leading positions

Even if the crisis hits you, you do not need to worry about bitcoin, even the bitcoin price increases sharply because people are afraid to hoard their money in the bank. They will invest in something as safe as bitcoin, and I believe that bitcoin will grow despite the crisis
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Topic
Board Altcoin Discussion
Re: Do you trust ICO Rating sites?
by
tatum506
on 22/09/2018, 15:13:05 UTC
They seem biased to me. A friend of mine who's doing an ICO told me that they paid 10ETH for 5 quality ratings and that's that! I noticed that some ICOs with good project, team, and good social media presence are struggling with getting good reviews.

With all that said, should it still be a factor to look at when investing in ICO?
ICO ratings is still one of the best basis if the ico is good and will have a good chance to be successful and we all know that when the ico have a higher ratings it has chance to be successful but investor should also consider if the ico have a good team.
Yes, the first thing before evaluating an ICO is to check them on the ICO review pages. This job assisted me a lot to choose a good ICO, if its rank is lower than the other coin in the wed site, i will look thunder to choose a better ICO.
Post
Topic
Board Economics
Re: Beside Cryptocurrenices where would you invest?
by
tatum506
on 21/09/2018, 14:31:13 UTC
Besides crypto, I thought I would invest my money in a bank and build a business that has long-term benefits. I will also invest. I will also invest in real estate. Because real estate will bring in additional income. Another advantage is that real estate has a constant demand in the secondary market.
Sure, there's no such place as safe as investing in a government bank. I take 40% of my assets to deposit in the bank, 40% left to invest in the stock market, 20% to invest in bitcoin. I am considering to increase the amount of capital invested in bitcoin next time
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Topic
Board Trading Discussion
Re: What's happening to Bitcoin?
by
tatum506
on 21/09/2018, 13:28:53 UTC
Bitcoin is taking a huge plunge!
Are you guys selling to be safe, or still hodl in the hope it will go up again?
I will still hold and continue to buy more Bitcoin. I think Bitcoin is really a good business and has a great technology in the future. At the current $ 6k5 price, that's too cheap for us. So I think investing now will be the most profitable investment.
Even if the price is rising at $ 6k7 I still want to buy more BTC because the price is very low compared to the peak. I am waiting for good opportunities from a good coin, the price just slightly increased 4% today and it will be even stronger by the end of the year.
Post
Topic
Board Economics
Re: Bitcoin holders will have to pay their tax?
by
tatum506
on 20/09/2018, 14:21:57 UTC
No, I don't think that they have to. And I can't imagine a law which will make them to do so, BTC wallets are non-personalized.
They are still looking for ways, it is very difficult but they will try to limit the loss of budget. Taxes are the lifeblood of a nation, bitcoin holders will good source of income if they can control these people.
I same you and I support the income tax from bitcoin, there are thousands of people become billionaires in day trading bitcoin. These contributions are extremely large, it gives the government capital and the government will support bitcoin
Post
Topic
Board Economics
Re: Long term argument for bitcoin
by
tatum506
on 19/09/2018, 13:49:23 UTC
Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
As far as I know bitcoin have small total supply and most difficult to exploit. So their prices are usually more expensive than the easy-to-earn altcoins. People often prefer a transactional security and bitcoin to meet that
Post
Topic
Board Economics
Re: LIFE GOES ON.
by
tatum506
on 18/09/2018, 14:14:42 UTC
Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
With more and more pennies in the crytocurrency market, many new projects open up new opportunities and it attracts the attention of the leaders. I believe there will soon be pennies of each country and it is traded extensively throughout the world
Post
Topic
Board Economics
Re: Friends reactions to crypto currencies?
by
tatum506
on 18/09/2018, 09:39:29 UTC
I was questioned on crypto currencies legalization. I explained the facts happening around. Few received it with convincing reactions and few just ignored it. I really felt bad for the guys who did not care about crypto currencies as I really know the fruitfulness? I happily taught few others about crypto currencies. What was your friends expression when you introduced bitcoin to them?
I introduce bitcoin to my colleagues and friends and I get high sympathy. They accepted me to borrow money for initial investment, then they contributed capital to me and entered the market from early January until now they are losing 80% of their assets. I feel remorse for my kindness
Post
Topic
Board Trading Discussion
Re: Bitcoin Holds Above $6k
by
tatum506
on 14/08/2018, 22:15:41 UTC
We are in the same situation right now. Bitcoin's price hovering just above $6K and the big questions is how long can we hold. This is the second time this week that we are in the same predicament but we able to hold on it went to $6300-$6400 and now back again to $6K. Hoping that we won't break mentality otherwise welcome to $5K again. Might cause a big panic, but another buying points for everyone.
I think there are still chances that the price might go lower than that but i don't want to worry that much because for sure btc price will surely recover few days from now.For now,it would be perfect to earn more btc and gain good profit from them after a long time holding.
I believe you can buy bitumen at this time, you can see that the $ 6000 mark is a very strong support level and many times the bitcoin price falls to this level then rebounded. You can see that bitcoin price has fallen to $ 5900 right now, then immediately adjusted to $ 6000. Because you should buy bitcoin at this time.
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Topic
Board Trading Discussion
Re: Bitcoin Holds Above $6k
by
tatum506
on 14/08/2018, 16:06:21 UTC
Is news about alleged manipulation of the Bitcoin price also manipulation?

Read Bokka Crypto Technical Analysis BTC/USD 14.06.18: https://bokka.com/cryptocurrency-news-bitcoin-holds-above-6k
I think that at this point you can buy bitcoin and long-term hold, you can see that the market is fluctuating continuously and bitcoin prices fell to $ 5900 and have recovered slightly to the $ 6000 level at the present time . In my experience, many times bitcoin prices have fallen to this milestone and then back up, so I believe you can buy bitcoin at this point.
Post
Topic
Board Trading Discussion
Re: Will you trade Bitcoin to buy Altcoins?
by
tatum506
on 14/08/2018, 15:56:16 UTC
I was looking at the possibility of investing in several Altcoins as part of my trading by selling off Bitcoins. I do feel that with proper planning and execution, the profits that could be reaped through these Altcoins by day trading in a week would be far superior to that of Bitcoin.

It is true I am talking in terms of a short term gain. BTC is certainly a long term investment but what about the short term gains? As an example, even if I invest in 1000 coins of IOTA or 10000 coins of NEM, I am assured of greater volatility in the market for these coins compared to that of BTC. If NEM makes a high on a particular day even by 0.05$ USD, I would make 0.05x10000 = 500$ USD in a day if I sell all my coins at that price.

Of course, trading does involve many other practical factors which make things not as simply as I write here. But being a pro I can simplify the complexity and say that it is certainly possible to make it so.

But will this not be a way to make decent income every day? When you invest in cryptocurrency, it is a need for one to continually observe the market trends. When one is able to understand the intricacies of the market then it is better that he takes up (day) trading.

After all it is important we make money on a regular basis apart from the long term investment isn’t it so?
The market is constantly falling sharply, bitcoin prices and altcoin prices are falling very deep, so I believe that at this time you should only buy and trade bitcoin to be profitable with the least risk. The market is volatile and difficult to rock and if you invest in altcoin will be very dangerous because if the bitcoin price increase altcoin prices may not have recovered.
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Topic
Board Bitcoin Discussion
Re: When is the time for Bitcoin to become a fork again
by
tatum506
on 13/08/2018, 23:50:06 UTC
I have seen Bitcoin become a number of forks a few months ago. Like BCH, BCD, B2X, BCP, SBTC.

whether bitcoin be a fork again next year
I believe that it is very difficult for bitcoin to recover as much as 2017 and it will take many years for bitcoin to recover. Bitcoin prices are unlikely to recover, of course altcoin prices will continue to fall further and I believe that at this point you will only long term investment in bitcoin only. The market is in a very difficult period so you have to trust the market.
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Topic
Board Altcoin Discussion
Re: Can ETH Down impact bad effect on Bitcoin?
by
tatum506
on 13/08/2018, 23:36:48 UTC
When the crypto market was sky high, we have seen almost the same ratio within BTC and Eth price increase. When bitcoin price was 12K or more, ETH price was 600 USD, Bitcoin hits the 19K USD Milestone and ETH hit 1500 USD! But at this moment, the bitcoin price is 6300 USD plus but ETH pice only 285 USD! So, this ETH downtrend can impact bad effect on bitcoin? We know eth and other coins price ups and downs depend on the Bitcoin. Then what is now?
I do not think ETH can affect the bitcoin price that I believe in the opposite direction, it is a bitcoin that affects the ETH, you can see that lowering the bitcoin price does not only affect the ETH but also makes the price of altcoin fell sharply and currently there is no sign of recovery. You can see that the market is currently in a volatile and long-term bearish trend so that bitcoin prices may continue to decline.
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Topic
Board Bitcoin Discussion
Re: Your investment strategy?
by
tatum506
on 13/08/2018, 23:26:22 UTC
Hello all.

The current situation of the market is not so good. I believe that some of you are panic, some are giving up, some holding to die.  Cry

Could you please share with us your current investment strategy so that everybody can learn from your good practices and overcome this tough time?


At this point I believe that the best choice at this time is the bitcoin trading, you can see that the market is fluctuating continuously and very hard to guess, bitcoin prices are constantly adjusting and fluctuations. very strong . So I believe you should invest in short term and day trading so that you can minimize your risk and make the safest profit. The market is volatile and I believe bitcoin prices will fall sharply in the next few years.
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Topic
Board Bitcoin Discussion
Re: Will Bitmain Defend BTC at 5800 - 6000 USD?
by
tatum506
on 13/08/2018, 21:55:59 UTC
I say : Yes. They have a lot at stake and have the cash to do it!
BTC is the Future!
[/quoteYou can see that the current $ 6000 level is a very strong support level and bitcoin prices have fallen dramatically so far this tangled up again. Therefore, I believe that the bitcoin price will be able to maintain above $ 6,000. Although the market is bearish in the long run, but as an investor, I believe you can trust the market and continue to invest in bitcoin.
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Topic
Board Bitcoin Discussion
Re: LIKE IT OR NOT, BITCOIN IS AN INVESTMENT
by
tatum506
on 13/08/2018, 21:44:15 UTC
                              In an economic sense,
 An INVESTMENT is the purchase of goods that are not consumed today but are used in the future to create wealth.
                                        In finance
An INVESTMENT is a monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.

I really don't want to turn these into an economics class but the both definition of what investments are clearly should settle the argument of whether BTC is truly an investment or not.

I believe that at this time you should only invest in bitcoin in order to minimize the risk and make the profit the safest, you can see that the market is constantly fluctuating and difficult to guess so you Only bitcoin trading, we can see that altcoin prices have been fluctuating sharply over the last few months and I think altcoin will die in 2018.
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Topic
Board Trading Discussion
Re: Next resistance at 9.7k. What are your thoughts on May movement?
by
tatum506
on 12/08/2018, 22:59:43 UTC
There is a lot of discussions going on if this is a bull-run, a bull-trap or consolidation. I don't think anyone really knows but maybe together we could figure some things out. Here are my thoughts:

  • Next major resistance for BTC is at 9700 USD. Already testing this once and had a drastic drop
  • Turned around at 8700 USD and have been steadily climbing since back over 9k. This shows continued strength

I think we are in a short-term consolidation between 8.7-9.7k where these two levels will determine a more middle-term trend on where BTC will go. If 9.7k is broken there is not much resistance until 11-12k so then we can expect a nice 15-20% gain. On the other hand if we go down below 8.7k then I think next level of resistance isn't until around 7.2-5k which is around 15-20% decrease. So the benefits/risks on either side are about equal so I am avoiding trading this until we can get a clear signal either way and I am also avoiding doing to much movement in my ALTs since this will be determined by BCT.

What are your thoughts?
I think bitcoin will be hard to come back to $ 9700 at the moment, you can see that after the bitcoin rebounded to $ 8600, it immediately fell sharply and was heading around $ 6000. You can see that the bitcoin price has created a new resistance level at $ 8,600, so the recovery is getting a lot harder.
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Topic
Board Trading Discussion
Re: How to find good cryptos?
by
tatum506
on 12/08/2018, 22:51:57 UTC
Hi,

there are so many cryptos and I find it hard to identify the ones where I should have a closer look.
Obviously one can find cryptos e.g. by listening to shilling on Reddit. But I'm looking for more professional sources like YouTube channels, free/ paid Telegram/Discord groups and so on. What do you use?
I am really worried about the market at the moment, I can see that bitcoin prices are constantly fluctuating and adjusting very strongly, the market is bearish in the long term so I believe the price Bitcoin will likely continue to fall sharply at any time and altcoin prices will follow and continue to fall sharply. So I'm really worried about investing in bitcoins.
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Topic
Board Trading Discussion
Re: Right now should I wait to buy ?
by
tatum506
on 12/08/2018, 22:45:01 UTC
Reading this source, I understand that prices are likely to go below 8k. Do you agree with those analysis?


 https://www.coindesk.com/bear-revival-bitcoin-risks-fall-below-8k-after-3-5-week-low/amp/
You can see that at present bitcoin prices are fluctuating continuously and very hard to guess, bitcoin prices are adjusting around the $ 6300 level and according to my analysis, the bitcoin price can continue to drop sharply at any time The market is bearish so I think the high possibility of bitcoin prices will fall sharply in the coming days.

I think you should wait for bitcoin at $ 5800 and $ 5100 to buy the bitcoin for the best price, divide your capital and buy bitcoin in batches.
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Topic
Board Trading Discussion
Re: Who believes in HODLING?
by
tatum506
on 07/08/2018, 22:36:16 UTC
Hello people!

Was looking at CMC and was wondering few years down the line what we will be able to see in this list and how long it will be?

Reality is we are very early in this industry and the pace at which projects are coming up and the technology is changing does anyone believe in HODLING cryptos anything other than Bitcoin and Ethereum?

I feel it's a buzz word used to create a FOMO effect
With the downtrend in the market, I believe that bitcoin prices will continue to fall sharply in the coming time and not be able to recover quickly. Therefore, I believe that long-term investment will hurt you very hard and it will be very difficult to be profitable from the market at this time. So I think that at this point you should only invest in short and day trading.