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Showing 20 of 183 results by youngagethinker
Post
Topic
Board Speculation (Altcoins)
Re: Real reason of falling down market.
by
youngagethinker
on 11/03/2018, 23:34:49 UTC
Is there any reason why there is such a situation in the merket? That's the worst scenario i've ever seen.

In order to earn some and lose some. No one would like to trade in a stable market because there will be no profit. That's why.
Worst? Even stocks are like this. In order for value to grow, it must have a decent capitalisation and must show that people are buying the product and the price will dump if the situation is reversed.

The average annual volatility of fiat money, as a rule, does not exceed 3-4%. For the currency, the exchange rate fluctuations are normal within 20%, sometimes they reach 50%, and the average annual volatility of many crypto currencies exceeds 100%. Wink

And sometimes a complete nothingness.
Selling your house and wife for a crypto and then in the next month goes below -100% is the worst case.
You can see here people laughing and in a few hours they are crying.
Welcome to the market of cryptocurrencies BTW.
Post
Topic
Board Altcoin Discussion
Re: Do you even read whitepaper bro?
by
youngagethinker
on 11/03/2018, 22:54:02 UTC
Let be real. How many of you guys actually read the whitepaper? I read whitepaper sometimes, but reading multiple of them can be a burden and a headache. Do you guys got any tips on getting through whitepaper a little faster. It killing a lot of time. Thank.


Go to the sections: Token specifications, road map, team, use cases. That is to have some good idea of the project. Most white papers are just a display of words, but it is noticeable if the white paper is well thought.
And by the way never forget to read the disclaimer.



Let be real. How many of you guys actually read the whitepaper? I read whitepaper sometimes, but reading multiple of them can be a burden and a headache. Do you guys got any tips on getting through whitepaper a little faster. It killing a lot of time. Thank.
For a quick analysis of whitepaper, I chose several important parameters:
1)Comprehensive information delivery
2)Readability
3)Clarity
4)Business plan presentation
5)Presentation of technical implementation
6)Technology
7)Decentralization
8)Developer Activity on github.
All parameters I estimate by 1-5 points. If there were more than 20+ points, then this project is not bad ...
But if you really want to invest in this project, then you need a full and detailed study.  Wink

Plagiarism and copyrights must be included. Wink
Post
Topic
Board Trading Discussion
Re: Investing all my savings!
by
youngagethinker
on 11/03/2018, 22:45:06 UTC
That is the basic thing and every trader must know it better before taking proper start in trading. You must not put everything in one investment. Rather divide and keep every portion in different chores. Like if you have an investment, divide it and keep 50% in bitcoin, 25% in altcoins, 10% in bank for saving and other for daily needs. These ratio may vary person to person.

Absolutely agree. It is dangerous to use all you have for every kind of trading. Not only in cryptocurrency.

It's like doing a skydive without a guarantee that your parachute is working. So my answer also is NO. If that dollar is all you have then be careful when the market crashes. Your life might crash as well.


It is not wise to invest all your saving on any I investment no matter how lucrative or promising such investment might look at the beginning. There are inherent risk in any investment and you have to determine the risk and be willing to accept how much of the risk you want to take.

yes, we still need that money to continue our life so we can buy something like buy food or anything else. and if we decide to invest all of our savings, then maybe we need to think about this and maybe we can only use 50% from the totals of our investing and I think the amount is big too for making the investment. we need to think about how our daily life if we use all of our savings and I think we don't want to get a problem with using our savings in cryptocurrencies.

It's the life that's on the line here. Right now the platform that the crypto is standing is not as solid as you might think. On the other day your government might issue a crypto ban all over your country, or the SHA-256 might be cracked by accident. This is a jackpot when you are thinking about the possibilities and adoption, but that is to assume that everything will go well.
Post
Topic
Board Bitcoin Discussion
Re: What stage of adoption is Crypto currently at?
by
youngagethinker
on 11/03/2018, 22:16:56 UTC
Just wanted to know where you guys think we are. Are we still in the early adoption stage?

At what stage of the dot com era would you put us at? Dial up lol?
Not that early anymore, I've talked to some of my friends who are also good in economics and invested to other investments such as stocks and real estate. They know the risk of getting in to crypto now to be specific with bitcoin. They don't look at any other altcoin, they are monitoring it's movement and they don't want to take the risk anymore and one word they said, "it's too late." for them. I guess we're in the era now of where Friendster is becoming popular, the start of social media's.


In my perspective, we still have a few good ALTS that is worth investing in, an educated mind in business and economics will likely to go into real world investments. I know that they are just getting practical, but I think they need more time in understanding the blockchain. Way back in the 20's many people considered the internet as being widely adopted yet only has the mind and guts to explore what is lacking in the internet that time. And some of them are billionaires now. Not just merely millionaires.
Post
Topic
Board Economics
Re: Why we need price crashes and panic selloffs
by
youngagethinker
on 11/03/2018, 21:37:44 UTC
This is just a thought that occurred to me while reading some posts around here, feel free to discuss it or even criticize it. So if we want Bitcoin to rise in the future, we need it to crash first and many wannabe traders to sell off their coins at a loss when the price is low. If people don't close their positions in panic now and just wait out bad times, they simply won't let prices grow later because they will get out whenever the price rises just enough for them. But if they fix their losses, they will no longer have bitcoins to record minor profits and thus drag the price down in the future. As a consequence, the price can surge higher without a lot of selling pressure at bigger figures when the hype and buying frenzy begins anew.

The bottom line is that it is kinda required for Bitcoin to crash occasionally for the prices to rise higher eventually.

In order for BTC being the ideal medium of transaction, it is pretty bad that we have these crashes and panic sell offs. As for the sake of trading we need this because this is where most of the traders got their earnings, at the crash and dumps.
We are still at the early stage of crypto, that's why some panic sells specially for the whales are critical in order for the supply to be distributed to millions of people. If they will not sell, then there will always be a threat in the market in every moment because a single entity can make a dump and can ruin a stable price if he has a lot of coins.
Post
Topic
Board Announcements (Altcoins)
Re: [RLX] Relex: World's 1st Blockchain-Based Proxy Real Estate Developer Platform
by
youngagethinker
on 10/03/2018, 23:56:16 UTC
Yeah, I am invested as well and have quite a bit of tokens. I am a little curious about the account with 1.3 billion and would like some clarification on that. I do appreciate the Information that they release but, they could market it a little more. I do think that this could turn into something in time.

Are you referring to my posts? you should quoted it.
BTW, Most of the platforms has a billion supply so I think I'm okay with that, my concern is that they must make extra efforts for it to be listed on other exchanges. And yes, this will not turn into something big in a short time if they don't market it more.


Yeah, I am invested as well and have quite a bit of tokens. I am a little curious about the account with 1.3 billion and would like some clarification on that. I do appreciate the Information that they release but, they could market it a little more. I do think that this could turn into something in time.

The fact that they are creating a health token and rewarding 1:1 is exciting. Could potentially have another moon potential for free if you already hold. I only have 1M RLX. Will be holding until it takes off, or until it is found to be a scam lol.

I have a million RLX too, I can wait for years in order to see it grow, but they need to slowly spread the awareness to this coin. It has more potential than most of the coins in the CMC, so I think it is better to be listed there to get more attention.
Post
Topic
Board Announcements (Altcoins)
Re: [RLX] Relex: World's 1st Blockchain-Based Proxy Real Estate Developer Platform
by
youngagethinker
on 10/03/2018, 12:41:41 UTC
Welcome to the official Telegram channel of Relex - the world's first cryptocurrency-based real estate development platform. Here you will learn how to buy and put your RLX tokens to work in real estate developments in Vetnam, Canada, USA and Mexico.

🔗 Links:
▫️Official website -  https://relex.io/
▫️Real estate development platform - http://invest.relex.io/
▫️Exchange symbol: RLX - https://coincodex.com/crypto/relex/
▫️Trade RLX tokens📈 - https://etherdelta.com/#RLX-ETH
▫️Apply as a developer - https://relex.io/developers-apply-here
🌎 Social:
▫️Facebook: https://www.facebook.com/RelexTalk/
▫️Twitter: https://twitter.com/relextalk
▫️Slack: https://relextalk.slack.com
▫️Bitcointalk: https://bitcointalk.org/index.php?topic=2075473.0

Did anyone do a background check on every link, if its legit? I've been following this project ever since the beginning and I do have some a lot of RLX.
The developers are keeping updating the thread, but I will suggest that they must put some extra attention to the marketing, or to the awareness of RLX.
I don't trust ETHER DELTA and it must be better that this coin will be put in the CMC in order to get more attention.
Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a currency or asset?
by
youngagethinker
on 10/03/2018, 12:34:44 UTC
For me is BTC both. I use BTC for payments as same as I keep my another BTC as an asset for next years.

It is designed to be like this, that's why BTC is almost close to perfection. Remember the early days of gold where it is just another currency that don't have that much value, but through the years, gold has earned the reputation. How about mining? Gold and diamonds need to be mined in order to get some without relying on others. And cloud meaning is the same, in order to get the remaining BTC, miners must do their work or else there are no people who will drive the network and the supply won't be able to increase anymore. In the meantime, you can use it as a payment, and as an investment too, in the long run.
Post
Topic
Board Altcoin Discussion
Re: Why do you ❤️ crypto???
by
youngagethinker
on 10/03/2018, 11:44:10 UTC
I like crypto currency because it's a new phenomenon in currency there must be many opportunities.

Are there qualities to not like crypto currencies? Almost everything now is ran by technology and with its modernization many opportunities have risen. It became more accessible more reliable means of transaction in the cyber world. Though we can't neglect that there are scammers, it has many positive outcomes that made people to love it and use it.

There are:
FEAR
UNCERTAINTY
DOUBTS


But there is more reason to love crypto this much.
Won't we appreciate a piece of the art technology that breaks the ground in this world full of innovative ideas?

Scary but not enough to keep me from going down deep in this circle.

Post
Topic
Board Altcoin Discussion
Re: Alt coins worth buying
by
youngagethinker
on 04/03/2018, 23:03:19 UTC
I just got this image from facebook. This is really a good representation if you rely on someone else's opinion here.



By the way there are some coins that are worth buying. I think the main ALTS like ETH, LTC, or XRP are not reaching its potential yet. If you have some spare money, consider this as an investment. When it comes to other ALTS that are emerging today, I think it's good to invest in coins that has their own chain, not another coin standard like ERC-20, if they have a good potential then they will be at the top currencies. IF you are serious in investing, then observe ang invest in some ALTS that have a long term goal and that can be used everyday by people. Something that can be upgraded as the technology grows.

ADA
MNX
VERICOIN in my opinion is good to hold in a long term.
Post
Topic
Board Altcoin Discussion
Re: Still believe in ICO ?
by
youngagethinker
on 04/03/2018, 22:13:54 UTC
To believe in ICO is a bad idea. But to believe in a product with MVP is quite another matter.

The problem here is people want a blink of an eye profit. Most ICO's need to be developed in 3 or more years time maybe more. People are expecting project to go bloom in just months, that's why they are ending up selling all their coins without even understanding the roadmap of the project. I've invested thousands in some ICO, last year and they are giving a promising return now. Because many ICO's are appearing I think it is better to review everything because you might end up broke. Don't invest in some "too good to be true", but never missed those who can make that "too good to be true" line in the next two years.

Now more and more ICO projects emerge in an endless stream, and many ICO scams also emerge. What we need is to polish our eyes, carefully study ICO projects, and select successful and promising ICO projects.

Some people say that they don't believe and ICO anymore, yet they are doing airdrops and joining campaigns.  Grin
Post
Topic
Board Economics
Re: Bitcoin has defeated gold
by
youngagethinker
on 04/03/2018, 21:15:37 UTC
In order to defeat gold, first Bitcoin needs to achieve the same level of popularity and user-base as that of its rival. But as of now, Bitcoin is far behind gold in terms of these parameters. Bitcoin is having around 100 million users, while gold is estimated to have more than 2 billion users.


This time it's not just all about the demand, the market cap, or the usage of BTC, or the material value of gold. The concept on how a material survives, though time is one of the most important, yup maybe BTC's market cap is slowly moving up to the market cap of gold which is currently at $7.8 trillion (according to Forbes). If the cryptocurrency (Bitcoin) will be able to survive for hundred of years, then it will be one of the most valuable asset that we can have. If this technology break in 10 more years, then it won't be able to reach the level of gold.



Bitcoin: $1260/BTC
Gold: $1241/xau
Well, I can not believe that the Bitcoin prices has crossed over gold sooner than I expect. I thought the process would be finished in April. Wow, Bitcoin is truly worth and everyone who has sold their Bitcoin has made a huge mistake. Nothing can stop Bitcoin right now.

In April 2017, when the bitcoin price overtook the gold price, a Gold Fund started investing in bitcoin:

https://www.cnbc.com/2017/11/24/a-gold-fund-is-investing-in-bitcoin.html

Basically they put 5% of their fund into bitcoin, and to keep the investment at 5%, they sell when the bitcoin element exceeds that amount, and reinvest in gold. It's been profitable for them.

Some of their employees might be a professional trader so I expect no less for them. I even think that billionaires who are saying some negative comments about crypto are secretly trading, buying the dips and selling at ATS.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] 🔵 Datarius 🔴 First Social p2p Cryptobank 🔵
by
youngagethinker
on 04/03/2018, 20:10:38 UTC
We added Datarius to the Cheddur app (https://www.cheddur.com) to help everyone learn about the ICO in a quick and easy way and to decide whether or not to invest. Cheddur also allows you to link wallets, exchanges, and other services that support DTRC so that you can easily get started. You can also post your DTRC addresses to start receiving tips/payments/donations in DTRC tokens. Smiley

What do you think about Datarius? Leave a review on the Cheddur app to let others know! If consensus is that it's legit, it'll appear higher in search results and more new users are likely to discover the ICO and invest.

Google Play Store: https://play.google.com/store/apps/details?id=com.cheddur

iTunes: https://itunes.apple.com/us/app/cheddur/id1269377156?mt=8

Screenshots:




Simple, yet it has a GUI that resemblance your platform.



discounts will be 15 days, after the start, then they end, it is profitable to take part in the beginning
after two days there will be small discount. I think that this is very good

IT is for more people to buy in the very first two days, it is a good strategy.

I see more and more articles about Datarius in media. It is good signal that team is preparing for ICO sales and want to raise as much money as possible.

This is a first of a kind project, when it comes to Social p2p cryptobank (just inform me if there are existing platforms out there that the is the same), I'm just wondering why they relied in the ERC-20 because it is much much better that they have their own core and own currency, especially when it comes to banking platforms.

Can I mining your token?

Their token is ERC-20 standard so NO. Wink
Post
Topic
Board Bitcoin Discussion
Re: Difference between Bitcoin and real money?
by
youngagethinker
on 04/03/2018, 19:35:31 UTC
Difference is regulation, real money is regulated by governments or central banks, they dictate the value of real money, while Bitcoin is free as far as I know of regulations from governments, value is drive by supply and demand.

There may be some factors, but the FIAT is driven by the supply and demand too. When the FIAT currency is in demand and that country is not printing more, then the economy is high and the fat will grow. It won't be in value if no one uses it anymore, the only difference is that BTC is purely has a stand-alone law, which is its value purely relies on the usage, unlike fiat that there are so many sectors that is involved and considered.

The differences of bitcoin and $ actually is a lot, but some of them are :
1. Bitcoin characteristic is independent directly from any government
2. The transaction of bitcoin is very transparent just like a cash book of a bank that so far just accessed by the accountant of that bank, but bitcoin
with blockchain technology is allowed to be accessed by anybody.....so the transparency is very high.
3. Bitcoin is allowed to be transacted by peer-to-peer, not via a bank which can shorten the procedure and bureaucracy, and of course the cost.


The transparency is very low when you don't know the addresses of people, that's why it is highly used in trading illegal goods, but when its applications will be used in government transactions and employees know the addresses, then it is much more transparent than any existing fiat.
Post
Topic
Board Economics
Re: Are you thinking about the future?
by
youngagethinker
on 03/03/2018, 06:54:55 UTC
Yes I have bought a couple of coins for my children. It may seem absurd to some but I took out my money from my savings bank account and invested in some coins. Basically the money I invested are not just for me but for my family who will need it someday, kept the private keys somewhere really safe and no one to get a hold of except me.

It's not absurd, if you understand the technology and have a really good foundation on the coin that you have invested, then it might be a treasure in the future. I don't have kids right now but I'm thinking if I managed to have one, I will be teaching him a lot of stuffs in information technology. Mathematics or programming (but I will ask first if he want to learn that stuffs) and if I do that I think he will discover himself the crypto and later he will learn by himself. For the meantime I'm saving money for my future.
Post
Topic
Board Speculation
Re: what will happen
by
youngagethinker
on 03/03/2018, 06:38:54 UTC
I just want to know how much faith do you guys have in bitcoin...

If bitcoin drops bellow $1000, do you think it will still recover someday?

I've heard that the greatest crashed of BTC ever is it was down by 90%. This is bad for the people who bought BTC above the 1000 mark, for me I don't care because I started to bought some BTC when it is just 800$. So I have nothing to lose. There is a lot of FUD's that is keep from spreading and if ever you chose to hold even if it goes down at 1000, then you have to be prepared to wait for more months and years before you see the fruit of your investment. Just remember that if you can't afford to lose. Just sell.
Post
Topic
Board Marketplace (Altcoins)
Re: AI based Projects ! The Future ?!
by
youngagethinker
on 03/03/2018, 05:18:12 UTC
There are so many AI project coming.That is very good impact to global AI project partners like IBM watson.

Is this really an A.I.?
As we can all see, even the leading company google dedicated years of work to make computer has its own mind. Then many platforms are spreading word all over the place that they will make an A.I. Based platform.
Good to hear. But to good to be true as of now.

Much more I like the idea of using AI in the project Peculium... AI in this project analyzes the news and makes strategies individually for each investor, the project will work with large databases and the team has vast experience in working with them

A.I can outperformed professional traders even in the stock market and can make the best possible buy and sell in the crypto market, I think a true platform that can perform will hide their identity in the public.
Post
Topic
Board Bitcoin Discussion
Re: As a beginner is it too late ?
by
youngagethinker
on 03/03/2018, 04:50:52 UTC
It is not too late for a beginner like you. But as a beginner, first you should learn and have enough information and knowledge about bitcoin.

If you want to buy some bitcoin, it is the right time to buy since bitcoin price is now at low price, and just hold it and wait for the price to increase more for you to get a big profit.

This is the right time to buy because people forget the potential that the King of Crypto hold, that's why some prefer ALTS. It is always better to diversify, but BTC is a long term technology, it is not even close to its true usage, because we are lacking some knowledge on solving its transaction problems or our computer is not enough to handle its power.
As a beginner read and learn, and then always understand the opinions on both sides, most importantly, learn what's behind these technologies, many people are years old here but they don't know the technical aspects. That's why they are having a run for their money in the end.
Post
Topic
Board Altcoin Discussion
Re: Do Altcoins really have a future?
by
youngagethinker
on 03/03/2018, 04:24:20 UTC
This is such an interesting thread.

It is crazy to see how much things have changed from last year July.
I'm happy that the crypto market is growing and maturing.

At this point, does any doubt altcoins future?
To me, altcoins are the future.

I love bitcoin, but there has not been any successful updates to it.
All of the millions of forks have been contested, unwanted, or flat out bad.
So the tech is now 6, 7 years old?
Imagine having a phone or computer that is 7 years old?
In the tech world, that is ancient.

I am hoping for a future where eth or neo is widely used for businesses to cut out middle men and and increase efficiency.
I am hoping for a future where blockchain 3.0 or dag or whatever you want to call it is as widely used as visa/mastercard.

And I am hoping for a future where we finally find out what happened to Satoshi Nakamoto.

So almost everyone is saying that BTC is a failure, and i don't think that it is ancient. Bitcoin is so advanced that we don't even have an idea on how to mine it in an efficient way. Computers are upgrading but in this past 7 years there are no known person who handled the complexity of the Bitcoins network. This technology is much more advanced that we think it is, thats why people created altcoins, because they given up fixing the problems about the long transaction time and scalability which I dont think satoshi expect humanity to have a solution in this problem in the next decades. This crypto are for the long hodlers.

Its like saying that atoms have been here billions of years ago but no one knows what binds them.
Post
Topic
Board Announcements (Altcoins)
Re: [RLX] Relex: World's 1st Blockchain-Based Proxy Real Estate Developer Platform
by
youngagethinker
on 13/01/2018, 21:47:42 UTC
Core is working really hard. Respect for that!

I love to see a project that keeps updating even tho months have passed. Good Job greats. Hats off.

Hello Everyone!

After having launched our project this Fall, we have in time for Christmas launched the Relex platform! Relex is the world's first real estate development cryptocurrency, and now with the platform launched, RLX tokens can now be used to access cross-border real estate development opportunities.

Opportunities are generally larger at the development stage of a good real estate development opportunity. However, the knowledge base, connections, geographic limits, and high barrier to entry has prevented most people from being able to access great real estate developer opportunities.

With Relex, we identify suitable real estate development projects to list on our platform. We contract with the developers, and any commission that we negotiate we redistribute back to the investor base, so you get a sizable discount on your investment that further helps cushion your investment against risk.

Projects currently on our platform include Cocobay Danang, Central Vietnam's biggest and most preeminent real estate project opportunity in Central Vietnam. With the country having welcomed over 25% more tourists than it did last year, Relex investors can position themselves to capture future revenue streams from one of the world's fastest growing tourism destinations by owning outright or owning a stake in condotel units for the Cocobay Danang project. As major airline companies are expecting an ever increasing amount of tourists coming to Vietnam, and as Danang being one of Vietnam's hottest tourist destinations, this is a quality development that is exemplary of developer Empire Group.



Examples of buildings going up at the Cocobay Danang site can be seen below:




Cocobay Towers



Cocobay Ocean Spa Resort



Cocobay Wonderland



Cocobay Boutique Hotels, offered this Fall, now SOLD OUT

Cocobay Danang offers in contract a 12% year/8 year guaranteed return, which means the developer is expecting higher returns beyond 12% a year for the investor, but in the event it does not, developer Empire Group will pay out to equal a 12% return for the investor. This offer is fully laid out in contract, and is another reason why we feel Cocobay Danang is a high quality project.


With the Relex platform, you can use RLX tokens to conduct cross-border transactions to participate in developments like Cocobay and others in a streamlined and quick manner.

We also have other real estate development opportunities in US, Vietnam, Canada, and Mexico available on the platform.



International real estate developments are now at your fingertips just a click away.

We hope you enjoy using the platform! For more information on the projects and Relex in general, please see the below links.

invest.relex.io

http://www.relex.io

Relex Team



One of the most real world project that I have seen, you building are first class and the design is really astonishing. This currency might make it to the top 100 in two years if you will keep the pace up. im hoping that the price of the coin this 2018 will go to a dollar or two. Let the people hear your hard works and let them know that this RELEX is worth watching for.
By the way, I bought some RLX an i will keep this for a moment.