Trading just like gamble but we can predict the result rather easier than gambling ( when you actively spend on forum and news ) Just make sure that you're have trust that altcoin or you will got scam ( altcoin are more risky than bitcoin )
I do not think trade is like gambling, it is the wrong thinking of many traders at the present time. we can use our own analytical approach to evaluate an altcoin in the crypto market and thus decide whether or not to invest. Most fake news, FUD and Fomo are many. So the risk is very high when the news is fake. We should go in the opposite direction of the crowd, which will help us to be more profitable and pioneers.
The difference between trading and gambling is very small. You have to know many people were the trader became the gambler just by panic. Nothing said you can not become the gambler if you have wrong choice on the market. Trading depend on your emotion will make you become the gambler sooner than normal .
I prefer holding long term but I sometimes trade some coins because if there is a obvious opportunity you should not miss it. Trade and hold, it depends on coins as well.
I prefer holding too because it's a passive approach and, I think, is the generally safer approach in profiting in this market. Day trading is more of an active and aggressive approach that interplays with the movement of coin values by doing real time trades. Having said, that approach is a more risky approach because of the fact that market assets may change in value, especially in this market, at such a quick rate. Many people have lots tens of millions of coins or tokens and even money because of pursuing bad trades. Therefore, it would be better not to engage in it if you don't have enough knowledge and resources to make it big.
Hold for long term need you have enough brave to see the value of which thing you are holding decrease to the hell in the value. Can you accept the value of Bitcoin comeback to $1,000 in this year? In my opinion, this situation can happen to create a far bullish trend again.
If you know the game then trading is much better option. You can multiply your Bitcoins and regardless of Bitcoin price movement you will have more Bitcoins in end which in itself is porfit. Just image your Bitcoin quantity increases as well as the price of Bitcoin increases, that is definitely better than holding. But it is only if you know how to trade, else you will lose whatever Bitcoin you have in trading.
These two ways are very good way to get more earnings, holding is best for who wants to save his investment in a profitable way so if you are a long term investors you will choose bitcoin or if you want to make a monthly earnings choose trading .
Haha, I think you should explain if you are the long term investor, you should choose hold crypto for long term instead of choose Bitcoin as you said. Because trading and choose Bitcoin can have same purpose if you choose trading Bitcoin. Beside that, I think trading is not a good job can give you fixed income as your thought.
Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins your opinion is highly appreciated.
It might depend on the reason why Bitcoin can die. In case when the death is due to total ban of Bitcoin as done by all governments or regimes then there is a possibility that Bitcoin death can also mean the death of altcoins. Now, if the reason can be other than that or it is within Bitcoin like losing the appeal from the market then there is a possibility that another coin can rise up to take the vacuum of leadership.
I don't think so. We know how beneficial cryptocurrency are and no matter with the skiptism they can never stop the popularity of bitcoin or of any cryptocurrency for that matter. This has given so much chances for a lot of people all over the world the chance to have a better and comfortable life. Also with the technology that we have it is just logical to say if cryptocurrency will die so is the internet or technologies and so are the big conglamirates who now rely entirely to the technology and internet. So it's just logical to say that if cryptocurrency will die so is technology and internet that it will disappear in the face of the planet and we live without civilization.
Cryptocurrency can be die by the government, you do not need to imagine the situation like someday, internet turn off forever by something. Internet still exist, but if the cryptocurrency can be becomes the hazard for the world economy and the government, the world will kill it. Digital currency use blockchain technology is enough to improve the current monetary system of the world.
Investment for me is better than saving. It may be considered risky but the chances that you'll get high profit is more assured in investing compared to saving.
Yeah, investing is always having an edge over saving as it won't keep your money static and whenever done in a reliable source, it increases one's personal income. I agree it might be risky, but investing in a reputable and trustworthy source would definitely provide you with a good amount of profit...
But you will not invest your money anywhere, And first of all you will study the market and the projects you like. Only the whole analysis must be done independently or at least trusted by professionals or authoritative sources.
No, do not trust any professional, expert from this feild. Honestly, I am always research and choice which project I want to investing. Because it helps me have more responsibility for my investment than find help from others. It also gives me more knowledges and experiences for my investment journeys.
Using in real-life make a Altcoin valuable. Besides the team have to be active and have to fulfill everything described in the roadmap.
Still there has to be a good advertizing, your altcoins that now it is very difficult to make as cryptocurrency advertizing began to forbid on all browsers of social networks and so on.
It's not a ban for advertising for bitcoin or crypto as a whole, facebook only bad ads regarding ICO and twitter just followed as well. The internet world is very big, even if they will ban, there are many ways to get information for a person that is willing to learn.
Google, Twitter and Facebook are always the subjects for the ICO projects want to promote, marketing. These companies banned ICO promote because the risk of this field is large than the profit they can earn from these deals. Many people lost money from the ads promoted on these platforms, so, banned this ads is one of the solutions to reduce the ration scammer and lose money on the world.
In the first place bitcoin was created to minimize the disadvantage of a physical currency. Physical things are so expensive to maintain. From printing to transporting there is so much expenses you have to consider. While electronic cash can be instant, cheaper to maintain and not easily counterfeited.
Although cryptocurrency (or as this thread called Electronic money) can not fake by anyone, but you have to remember, the fees to keep this system running is not small as you said. How many money the mining farm must pay for electric bill and maintenance device? Without blockchain and decentralized system, that currency can fake by others.
I see a lot of optimism about bitcoin, which is understandable seeing the price recently. But I have to admit I'm a little worried about the long term future of btc. The major problems if the currency still haven't been dealt with. I see 2 major ones:
-Block size. Which makes the delay and fees of transaction rise very fast. Smaller transactions are more and more difficult to make. -The centralization of the market. China got low cost electricity, which make them by far the most bitcoin mining capable. -And maybe others that I'm not aware of.
Another thing: The Hard forks that are oddly getting much more frequent than before. (BCH, BTG, Segwitx2 etc...) It almost looks like "attacks" in order to divide us. Now called "airdrops" by the community. Even though they're supposed to solve some of the problems.
All in all, this makes me really worried about btc future. I've been a strong holder since 2014, and I made quite a lot of money with bitcoins, but I begin to doubt now, even though the price is crushing ATM. Please help me keeping faith. Or should I switch to another currency ? Really thinking about ETH recently.
the sense of doubt remains in our hearts, all we have to do is control it all, and be optimistic with whatever happens, because it's all been determined. even if you doubt the bitcoin can switch. it is also all your choice.
You can dout anything if it makes you feel worry. Honestly, in the past, I was also worried the future of Bitcoin. But luckily, I was still earned it and hold some Bitcoin in my wallet, thanks to that amount, I have some money to change my life become better more than the past a lot.
Recently Bloomberg posted the information that it took hackers less than 10 years to steal over 14% of all existing Bitcoins and Ethereum from the wallets of their holders. The total sum they have stolen is more than $1,2 billion! How to protect yourself from hackers attacks? Are you afraid of this stuff?
Buy coldwallet such as trezor or ledger and you gonna be safe from hackers and another people. Why are you afraid? Come down, just follow safe way of holding your coins and you can sleep well. I heard about this millions times, but people don't do nothing to prevent this
I do not think cold wallet is the best idea to hold my coin for long-term. Example if the value of Bitcoin increase to $ million dollar per Bitcoin, do you think the greed of these companies can make them become criminal? I think they can become the criminal anytime. As long as they can create a force majeure situations, they can take advantage that situations to blame others "tried to stolen" that amount. IMO.
Depends on your money in this moment. When you have nothing to eat better to sell your coins you know In other cases just look for profit it comes with experience.
No, you should sell your coin mined when you have chance to sell it at good price. Example you waited a long time to sell your coin at high price when the price of which coin you mined just decreases everyday. And someday, you need money for urgent case, it makes you must to sell your coin at lower price instead of the time you can sell that coin at higher price many much at this time.
Yes we should sell it earlier when the price are high, don't be greedy because sometimes the more you are waiting for a high price the more the coins price become low that makes you loss if you sell it. When you want to hold it you should longer your patience so that you didn't missed any opportunity in the future to earn a bigger profit.
According to my experience, if you want to save (hold) coin from mining, you can just do that when the market has bullish trend, like the last year, you can hold Ethereum, Dash, Monero, Litecoin or even Bitcoin mined to have better price for selling. But currently, hold coin from mining just make you have more losses. Sell it for the current market, because we are staying in a big bearish trend.
Bank might fear cyrpto currency because they don't have a business on it. Many banks will collapse if they didn't adopt cryptocurrency. And hope banks feel the challenge and improve the financial technology in the coming years.
Actually bitcoin is going to minimize the use of banks therefore we can think that there are chances banks must have fear from bitcoin and therefore thy may be making planning again bitcoin how to drop it, but bitcoin will survive for long long time and will surely replace banking system.
No, I do not think so. First of all, Bitcoin is decentralized system, without manager, this system can not become the new banking system. Bank is the represent of centralized, with support from the government and the bourgeoisie, banking system still stronger today. But for Bitcoin, instead of create a bank, it can use to create a service for lending (smart contract and blockchain).
Post
Topic
BoardBounties (Altcoins)
Re: [BOUNTY][ICO] | Beaxy | 4% BXY REWARD |
by
tittensor
on 11/03/2018, 15:39:45 UTC
As your request, I added signature, personal text and avatar, please confirm my request, thank you!
-----BEGIN BITCOIN SIGNED MESSAGE----- This is drm from bitcointalk, 14 januari 2018 -----BEGIN BITCOIN SIGNATURE----- Address: 1M7FestD9zt8PFDvT6AVZNrDrezzNvBsgN HzqNDoYHsBJvMDwb8liI2y+fD1knxJ/y7vYstVqMa9rcVARmQFq0be2EHVa41hmzGvmqBfSALOFRBYQkdpuy+a4= -----END BITCOIN SIGNATURE-----
I think it's not going to happen because cryptocurrencies has no physical form, not all the people know about this kind of technology or know about the existence of digital coin and you must have a internet connection and not all the people are afford to buy a gadget for using cryptocurrencies and paper money was used over a 100 years so it's not easy to replace.
The biggest problem when we use cryptocurrency to replace paper money is cryptocurrency can not use offline. If we transfer cryptocurrency to paper wallet, why do we not use normal paper money? This is the biggest problem make cryptocurrency can not change the best function of paper money.
Yes it would be the problem facing by people when crypto currency replace real money that we cannot use it when offline. But in this latest technology era the use of internet is too common. The crypto currency disappear the real currency by it best properties over the real money. There is no cost of paper which affected in printing of real currency. There is no involvement of banks in digital currency which has been occurred a lot of fees and taxes.
FIAT has the problem about the cost for paper money, but do you think cryptocurrency not have same problem? The resources for fabrication to build mining hardware is not cheap, ASIC and GPU all the hardware need to spend many money and electric for building and running.
Continue to learn trading. Find yourself a good mentor who will help you avoid the mistakes that you make and lose money when trading. He will help you increase your capital, and not lose it again.
Definitely you dont need to worry, no need to quit. What if you didnt get any good from trading till now? There is a long list of chances and opportunities you need to open your eyes. Dont lose hope in something you find important in your life.
Profits and losses are the part of game, this doesnt mean you just get aside and leave something. No, fight back with much energy and make everything fine.
Even huge loss, I still see it is the challenge for my trading journey. In any field, not only trading, everything is challenging. Important, after those challenges, can you come back and go ahead or quit as a loser?
It's fair yes. 0.5-2$ cost just one month ago @ 10-14k vs 30-50$ for last weeks @ 15-19k. I don't think that it's fair at all. It only shows the impotence or manipulative greed of the people who are supposed to keep the network running.
If this continues it will bring no good, to people doing less then 500$ per transactions, actual users not traders.
I am aware that the current transaction fee of commercial sites is being raised by the high price of bitcoin. This is a reasonable price increase because when the bitcoin price will lead to many people involved in bitcoin mining and making the difficulty increase so much so need to increase the fee to pay for the miners.
The Bitcoin network is not only for the transaction of Bitcoin. It still support other crypto use the Bitcoin blockchain to build platform. OMNI is one of the projects made the current network of Bitcoin bottlenecks. Because USDT is also a platform use OMNI to build its system.
If Government and Bitcoin will combined economy will increase. If government support and protect bitcoin then banks will accepting bitcoin. And bitcoin is going to education too.
But if all that happen I didn't know if economy will increase. Who will work to government if bitcoin has higher value than country money. Maybe government will against bitcoin someday.
Yes I'll also agree with that, bitcoin is a decentralised currency but the currency circulated by the governament is a centralised money, so there is a considerable difference between both the currencies. If Government and the bitcoin ties up then the economy undoubtedly increases.
The government will ensure that they will also benefit with bitcoin, although it's decentralized but they will find a way to regulate it and enforce those users to comply with the law, especially on paying the right tax for their transactions and income online. I know bitcoin is still young but with the resources of the government, they can find a way to make it happen, this decentralized thing will become limit as we will not be able to enjoy full freedom in using bitcoin.
European governments have begun to talk about bitcoin regulation, as worries about using the world's most popular crypto currency for money laundering, drug trafficking and terrorism are rising.
I think that this is just an excuse for controlling such a powerful system (or trying to control)...money was laundered and will launder without cryptocurrency
Haha, they want to say Bitcoin are related the underground world and we "should" ban it to keep safe the society . However, in U.S, FBI has confirmed Bitcoin is not the current crypto for criminal payment. The criminal are using Monero to replace Bitcoin.
Post
Topic
BoardTokens (Altcoins)
Re: ANN [DENT] Dent: Tokenizing and Liberating the World's Mobile Data
Hey guys question about my dents so i got my mew all setup...filed saved on computer blah blah blah do i just send any eth coin i want to this address and it will sort it out as long as the coin is supported by the wallet?
Yes, this is a ERC20 token, so, if the Ethereum address you want to send from the wallet support ERC20 token or other Ethereum platform token, you can send DENT token to this address. But, do not forget raise your gwei and gas limit for reasonable the current status of Ethereum network.
Bitcoin is not a money, it is digital currency. Bitcoin is a digital asset you need to exchange to fiat in paper money or coins to be called money.
Quote
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.
Not in my dreams that bitcoin become centalized. One of my favorite to this bitcoin is decentralized.
Digital currency is money as well, the name itself implies that, it is just a currency that is in digital form, your balance in your PayPal account is money, your balance in your debit card is money, and the balance in your bitcoin wallet is money as well.
Although Bitcoin just a digital currency, or exact more is the cryptocurrency, but you can exchange to real money. It like you can use Bitcoin for payment anything, but you must to exchange it to FIAT first, it is the requirement because there is no way to spend Bitcoin as a payment method, unless you are living in a country accept Bitcoin is legally.
Today many countries accept bitcoin as a virtual currency, is it because bitcoin is so high that they think bitcoin can change the country's economy, or because the country has many bitcoin users already?
There is a chance that bitcoin could improve the economy of a certain country. For one, all the bitcoin earners living in that particular country would probably use their earnings from bitcoin to buy things within that country. Those things would surely have taxes. On that process, bitcoin is improving the economy of a certain country with the help of it's users.
Yes, you're right. The only way to make bitcoins contribute in a country is to use it as a usual currency like fiat. If all of the merchant accept bitcoins as a payment. They use bitcoin to buy product or services in which could be obviously contribute with the GDP plus the taxes from those products (but still, it depends, more factors to consider)
Although we all understand the problem of Bitcoin to be legally is the tax, but do all the Bitcoin's user accept that? I don't think those who knew the Bitcoin's function will accept to spend money for the tax if they want to evade the tax for their business.
Yeah I have heard about it that in some countries bitcoin is paying tax and I think it is good for the bitcoin legalization because if bitcoin will become legal all people will use bitcoin and it will make bitcoin value go more high. So for me yes bitcoin can probably improve the country economy and it will legal someday. At some time all the transaction and the payments will be dome through bitcoin so bitcoin will be more famous with it.
This is the issue related the world's economy, you can not tell it will be easy happen like that. To be honest, the Bitcoin price and the nature of Bitcoin are not useful to become a currency as the purpose to create Bitcoin of Satoshi Nakamoto. Sadly, the Bitcoin users are using Bitcoin for investment and trading, no one care Bitcoin can be legally or illegally, because they can trade it without the government.