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Showing 20 of 1,369 results by yndye
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Board Economics
Re: Fiat, Banks and the future of Cryptocurrencies
by
yndye
on 22/11/2018, 12:42:35 UTC
I think the one thing we should all look forward to is the stability of crypto currency. I mean more and more countries and companies are getting in on crypto currency so these money will bolster the price. Banks and other financial institutions are also looking into joining in on crypto currency but is waiting for regulators to go in first.

Many are still doubtful about cryptocurrency because of its nature of being unregulated. Some people would just wait for the approval of the government and then afterward, may consider investing in it. However, due to the volatility, businesses would not risk their profit and would wait from sometime before they consider adopting it when the price seems already stable.
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Topic
Board Speculation
Re: This is not the end of bitcoin
by
yndye
on 22/11/2018, 12:35:26 UTC
Many thought before that bitcoin will die last 2014 when it has spike to a thousand dollars and went back down. Many got frustrated because they lose their investments and some even just forgot that they have coins especially those that are into bitcoin and just left their computer with it. Bitcoin has been killed many times in the articles but then it has recovered and then rise up multiple times than the previous all-time high. I believe it would happen again.
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Topic
Board Speculation
Re: Why does the Bitcoin price keeps nose diving?
by
yndye
on 21/11/2018, 13:21:42 UTC
According to CNBC, federal prosecutors had launched a criminal probe into the cryptocurrencies earlier this year based on suspicions that their price was being manipulated. I think it might be the main reason behind the price of bitcoin dropping to around $4000, but I also wonder whether it could be that authorities are afraid that Bitcoin and other cryptocurrencies are taking over the financial system since they're now so popular.

I guess some people are just disappointed with the price now expecting for it to go up just like last year during this time but then the opposite happened and it keeps going down. With this kind of market, some I believe already gave up and sell their coins with no plans of turning back again. Some panic sell seeing the price continuously go down. With the news about the fork of bitcoin cash, others sell their bitcoin for bitcoin cash to have the free coins and then the price wasn't able to recover.
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Board Trading Discussion
Re: Can I still get wealthy through Bitcoin?
by
yndye
on 21/11/2018, 12:59:51 UTC
Bitcoin and the blockchain have been presented as the future for a decade now, and it turned many of those who found out about it early into millionaires.  Some rank these two as the greatest inventions of this century: cryptocurrencies, of which Bitcoin is only one, and blockchain, the record-keeping technology that underpins it. Is the prediction of bitcoin's strong future coming true within the next few years? Is it too late to have a chance in getting wealthy through Bitcoin?

Yes, you can still earn and get wealthy through bitcoin because there is still time. As long as there is still a demand then you can earn from the movement. Price may be discouraging now but if you still have funds and you are a risk taker then maybe this would be one of the best time to load some coins. Always have risk management and if possible, you should set a stop loss and consider taking profit if you are at a profit because we don't know what will happen in the future.
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Board Altcoin Discussion
Re: There is no more hope in cryptocurrency
by
yndye
on 20/11/2018, 13:40:18 UTC
There's still hope for crypto but right now crytpo is in a rough place but we still have hope the crypto will eventually become a bullish again even if it takes years to it to happen.

Well, it is to be expected that there would be people who would decide to just leave the crypto space because many just get in recently when crypto or shall I say bitcoin is doing good and when it is in the rough place now, many would just decide to leave it totally and find another good source of income. It may be the time to buy and then accumulate more if you are still confident that bitcoin would do good in the future.
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Board Speculation
Re: Bitcoin is going to either $10k or $3k by the end of 2018
by
yndye
on 20/11/2018, 01:42:50 UTC
Well, everybody is expecting the bitcoin price to skyrocket again just like the last year 2017 but instead, the bitcoin is full of surprises. The majority of the people around the world are expecting the bitcoin price to reach $10,000 at least but it is currently going downwards maybe it will fall down to $3000. what is your take on the current bitcoin situation?

Either of the two seems possible at the moment. Bitcoin falls down to below $5k and then it seems like the bears are not yet done. There is still a possibility that it would continue to go down or maybe, those who has the funds are just waiting for the time when the market seems like recovering again. The price now is cheap but there is a possibility that it would be more cheaper in the coming days or would be expensive so it would depend on your plan then as to how you would approach the market now so that you can take advantage of it.
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Topic
Board Economics
Re: China declared crypto airdrop illegal.
by
yndye
on 20/11/2018, 01:31:42 UTC
Every government have their own regulation and i think it just to protect investor from china. Too many airdrop sometimes not good for the price in exchanger and its make investor losing money. Maybe China government want ICOs focus the real project and not giving airdrop to protect their investor from dumping price in market

It is not surprising that they have this kind of move because they are already against cryptocurrency in the first place. Trading cryptocurrency for them is illegal so it would already be assumed that anything that involves cryptocurrency would be illegal for them although it is ironic to think sometimes that there are still mining going on in there. One of the reasons why bitcoin price is always going down before is because of China news and there movement against cryptocurrencies so a news like this would not have a major effect in the news anymore.
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Topic
Board Speculation
Re: How to predict whales manipulation
by
yndye
on 20/11/2018, 01:27:11 UTC
Predicting whale manipulation is a task that is difficult to be carried out of course if there could be a way out then every trader will be rich by now therefore the best bet is to study technical analysis very well as it will aid  and guide a trader on a potential fall or rise in the  price in addition to good money management.

It is a difficult task of course but then if you have the determination and willingness to learn it then you can do it. It may not be as perfect as it should be that one can predict the movement of the whales but at least, you would be able to ride some of their movements.

One of the things that I have notice is the change in volume. Once you see that a coin has a volume higher than normal or the volume is building up and the price is still consolidating then expect that there will be a big movement sooner or later.
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Board Trading Discussion
Re: What should one know about Bitcoin trading to avoid the risk of getting scammed?
by
yndye
on 18/11/2018, 02:44:03 UTC
Your Professor's hate for crypto is a classic example of hating what you don't understand. As a person with such wealth of knowledge, one would expect that he researches crypto just as he would his academic work. Yes, there's the probability of getting scammed, not just trading Bitcoin, but every other online business out there. But with the right safety measures put in place, you might as well be in this space for years and never get scammed.

Those who were scammed are either newbies in the crypto world or just being reckless about knowing if the transaction they are doing is legit or not. There are even people who would take the risk of being scammed because the amount of money that they can get from that transaction is quite big so even if there is a high probability of losing money, they would just go with the flow and then if scammed, they would just rant and then regret that they get involved in the first place.

If you don't want to be scammed then do due diligence first and spend your time first in checking the site and here in the forum as well as to what is the feedback of the people about the site. As much as possible, use the sites that most of the people are using and has good reputation but always check the URL because a lot of them are phishing sites.
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Topic
Board Economics
Re: Bitcoin, Gold or Money?
by
yndye
on 18/11/2018, 02:33:28 UTC
It doesn't offer easier divisibility unlike bitcoin and fiat currency, so again, gold would still be a worse form of money than bitcoin.

Yes. that's one of the disadvantages of gold over bitcoin because it cannot be easily divided unlike bitcoin wherein you just need to input the value and then voila, you already send the exact payment for that good or service. However, the advantage of gold over bitcoin is that it has been existing since time immemorial and everyone knew it that's why it can be exchanged anywhere whereas when one is using bitcoin then he needs to find someone who would accept it because only a few people or merchants do accept it nowadays.
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Board Bitcoin Discussion
Re: Is Bitcoin for the people or for the corporations?
by
yndye
on 17/11/2018, 05:29:06 UTC
When Bitcoin and other crypto-currencies first came out, everyone were saying that it was for the people to get their financial freedom. Now, it seems like it's being taken over by big financial institutions. Should we be worried?

It is for everyone however, we can still see the huge gap between those retail investors/traders compared to corporations because they have funds so if ever there are opportunities, the corporations or those what we call whales are the one who wold benefit the most. You can still take advantage of it by thinking like the whales in which you would see some signs as to what their next move will be so that you can ride with their trades.
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Board Altcoin Discussion
Re: I'm afraid of losing money
by
yndye
on 17/11/2018, 05:21:48 UTC
Can you recommend me a good, safe and reliable wallet, please?
I'm sure you have more experience in it.

I use myetherwallet and I have no problems with it. As long as you do not share your private key to anyone else or any access for that matter then your coins are safe. You should always be careful when accessing some sites because there are times when you thought it is the legit site that you are accessing and it turns out that it's a phishing site and you end up losing all your coins. Being careful when accessing the sites is the way so that you can manage the risk like always accessing the site through bookmark and not just search it in google.
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Board Speculation (Altcoins)
Re: Do you think the market will GREEN soon?
by
yndye
on 16/11/2018, 05:24:13 UTC
no one can guarantee that market prices will grow at this time even until the end of the year. many experts have predictions that in the near future crypto prices will rise, but they are all illusions. my advice if you want to invest in the crypto world, this is the right time to collect a lot of assets
All is just an individual's guess and we should not believe any promise in this market. Everyone thinks that by the end of 2018 everything will start to rise but until now the market is still in a downtrend stage and will last for a long time before a new rise.

It is still not sure if it will last for a long time because there is still a possibility that it will rise. It would be better to load up if you still have funds because the recent dump would neutralize and then there is a possibility that it would rise sooner or later. The market would not go down forever and if you want to have profit still even in the bear market then it would be better to study trading rather than just holding. This is for the risk takers though.
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Topic
Board Economics
Re: Blockchain technology is not a trend
by
yndye
on 16/11/2018, 05:08:35 UTC
Blockchain technology will become the technology of the future, if you ask the public then they don't know and will definitely give a strange answer. Blockchain technology is being continuously developed and believe, Blockchain, AI, Robot, DNA reconstruction, VR, AR, and IoT is the technology of the future and will be a trend in the future...

Blockchain technology is not common knowledge and even me, I cannot exactly define blockchain technology in technical terms because I am not that familiar when it comes to the technicalities of it. I can understand though the basics of how it functions and how it can help in several industries so that their transactions would be efficient and effective. In the future though when people are more familiar with cryptocurrencies then they can easily grasp the term and be able to describe it in simplest terms.
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Board Altcoin Discussion
Re: Have I joined at the wrong time?
by
yndye
on 15/11/2018, 05:27:17 UTC

I am newbie and some of my friends who are already into crypto market say I am late. This isn't the time to start investments and I must refrain and just research for later.

Do you think the same? Is it really not the time to invest as a beginner?

Price is down nowadays that's why there is still time to invest because there is a chance that the price for the coming days would go up since it suddenly goes down. There is equilibrium and it would be a good opportunity to load up on some coins when the price is cheaper. Do not go all in though because there is still a possibility that the price would continue to go down. You can buy maybe half of your funds now and then reserve the half for later if the price goes further down. Cost averaging is better so that you can avoid losing too much when the price is not in your favor.
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Topic
Board Speculation
Re: Bitcoin is about to collapse this week
by
yndye
on 15/11/2018, 05:10:21 UTC
Like 2 weeks after? This wasn't due to any Technical Analysis prediction. This was mostly due to the BCH Split, it's sad that this market is still sensitive to all kinds of news, FUD, etc.

If this market is sensitive to news then it would be better to make use of that to our advantage. We can have a news base trading wherein every time there is news-major news for that matter, you can trade base on it whether it would be positive or negative. When it's positive then you can make use of that as a bullish sign and then when the news is negative then you can treat is a bearish news and maybe short it.
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Topic
Board Trading Discussion
Re: Using Take-Profit Orders or Stop Loss
by
yndye
on 14/11/2018, 04:57:45 UTC
You should always use stop losses and take-profit orders with one another, unless you're hodling a coin medium to long-term.

I definitely agree to this one if you want to be a profitable trader in the long run. It take s discipline to have a stop loss and take profit order because there are cases wherein the coin might go up again after you sold it and it would just make you regret that you set a stop loss. The same would apply to take profit wherein there is a chance that the price would continue to go up after you take profit so when your greediness strikes, you will most probably regret it.

However, there is a tendency that the price would continue to go down or the price would go down after you take profit so that would be the time you are glad that you had that order. If you want to be a discipline trader then it's better that you have these orders.
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Board Bitcoin Discussion
Re: Will SEC approve BITCOIN ETF ?
by
yndye
on 14/11/2018, 04:51:10 UTC
Smiley Smiley Smiley
If Sec accept Bitcoin ETF , we can expect the huge bull run for the market .
What do you think ? Will Sec accept bitcoin ETF ?

Maybe they would eventually approve it but we don't know for sure when would that happen. There are still so many speculation as to how bitcoin and other altcoin should be treated that's why the stance of SEC when it comes to ETF is still doubtful. Regarding the huge bull run, it may happen when there is an announcement of its approval but I would rather see the price slowly go up than a pump because if its the case then there would a dump afterwards which is not an organic growth.
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Topic
Board Economics
Re: ADVANTAGES OF INVESTMENT USING BITCOIN
by
yndye
on 14/11/2018, 04:45:03 UTC
Well, Bitcoin, like any other investments Carry risks. You can have your pulse on the trend of the market and still lose. I know that crypto currency is fairly new and every one is on Hype about investing in it but it is not that easy. It's so volatile now more than ever so i suggest you to be careful and really keep your ear to the ground to win big.

All investment has inherent risk because you cannot be sure that you will get back your investment or have profits with your investment in the future. The advantage of using bitcoin as an investment is that you can use it as well as a currency which is its actual use case so if ever you have profits then you can just use it immediately for payment unlike any other investment in which you would need to sell it first like if you are investing in real estate so that you can use the money for other purpose.