Waltee

Cardano has failed to live up to the hype around it at the start of 2018. Anyone who believed in it at the time would have lost some serious money. Despite its recent "Bullish Reversal" earleir in the year, it has plummeted again since the start of this financial year. For a currency with such a high market cap it seems to be incapable of stabilizing. I wouldn't bet a penny on it until it has found its feet.

Altcoins are doing ok but paired against btc they are dropping, that’s because btc is going up. I don’t want to be the guy who’s always predicting the next btc bull market but it does appear to be happening. I’ve started stockpiling it. There will be a ceiling though and it will fall sharply again. Despite some of the smack I’ve talked about it on this very forum, I think that Ltc just might be the heir to the throne and will be insulated from the next crypto crash because of already relatively low price. If it does drop then I plan to buy a lot because the bull market after this one will be the payday.

Surely anyone making money by trading crypto would never allow people to copy their trades. The biggest problem I have when trading is finding enough market liquidity to make any real money, why would anyone want to limit the already limited liquidity on crypto exchanges by allowing others to share in it.

Binance is a real exchange with a large and realistic order book. The prices of the currencies are dictated by the order book and the demand for the currency, the way it should be. The buy and sell prices in each order book are very close to each other unlike other exchanges where buy prices can be many times that of the sell prices and which often have no buy or sell book at all.

The biggest difference is the quality of currencies listed on the exchange. Many of them appear to be made up out of thin air. Most of them die very quickly especially after a plan is opened in Investbox but they can still be traded for doge or RUR even when they are worth almost nothing. You can buy many of these currencies with btc and lose a lot of money as you will never be able to sell them for btc. This allows opportunists to create ridiculous orders that are sometimes filled as people don’t always do their homework.

Absolutely, not only won’t you make any money but you’ll likely damage your computer unless you have expensive purpose built mining equipment.

If you look into cloud mining plans, it will take you a while to find a profitable plan. Most of the plans are sold out, especially the most profitable ones. Hashing 24 is good example of this, all the computing power for their stock plans have been taken already but this is also an exchange where mining plans can be bought and sold, unfortunately most of the order book isn’t profitable either. Ltc can still be mined and if you believe almost every prediction for the currencies future then it is definitely worth stock piling as much as you can.

In most cases it takes a long time but it can be done quite quickly. It really depends on how much you are willing to risk. It’s a bit like gambling in that respect, it’s risk vs reward. It really helps to know what your doing too. Start small until you know what your doing then take your game to the next level.

I only buy crypto with my bank account using my coinspot account. I can buy any currency they have listed directly from my bank account. It only takes a few moments and I can send the currency straight from my wallet to any exchange that accepts them.

I like this method but I like to use Yobit and any time I find a price discrepancy between Yobit and another exchange, the currency is not withdraw-able or deposit-able. Finding any real price differences between other exchanges is really hard. The prices are normally very similar. I could make a fortune if I could withdraw and deposit all currencies on Yobit.

The amount you need depends on which currencies you want trade, how much money you want to make and how quickly you want to make it. It’s like gambling, the more you bet The more you’ll win.......... or lose.

I don’t really like any crypto’s as a long term term investment. For longer term investments in the crypto world, cloud mining plans seem to have the most reliable returns.

Most crypto under $1 will never reach that price. There are a lot of really crappy coins out there with no substance and to be worth anything a coin needs substance. That doesn’t mean you can’t make money from them though as their price fluctuate.

I hope your right. I’ll be keeping my eye on the price to see if it gradually increases as you predict. If it does I might go all in before the sharpe price increase you also predict.

I think the decentralised nature of btc keeps it insulated from disasters like Covid. It actually appears to be doing quite well although most of the downturn in stocks, caused by the fright early on during the epidemic appears to be recovering if it hasn’t already fully recovered. Small business appears to be the exception.

I think btc is almost tied to the dollar like any other commodity and could only hit this kind of huge price if the value of the dollar was to plummet significantly.

I think a competition for good posts would only inspire more people to post when they have nothing to say. It would create the very thing it was trying to prevent.

I love Yobit, I use it everyday and keep quite a lot of crypto in it. I would hardly consider it a wallet though, it’s an exchange.

0.165 btc would be much better spent in Vmining. Plans in Investbox run out of coins all the time and when the do, everyone dumps their coins and the price drops a lot and in most cases it doesn’t bounce back especially with cheap coins like micro. Your strategy does work though. It has work several times for me, Mask has been the best one recently but I now have nearly 2 billion Mask that are worth about what they were when I had 10 million

I know this is an old post but I’ll weigh in just for the fun of it. Btc is traded by everyone, not just crypto traders. It has now been highjacked by the real world and it’s price is tied to the real world like any other currency. The price will go up and down and given that it isn’t as affected by inflation as other currencies the price will change according to the value of those currencies. It will still be worth pretty much the same amount.

I just noticed that this post is from last year, I was about to blast away about Monero which can’t be traded at the moment. Perhaps I’ll come across a post supporting Bytecoin, lol

An oldie but a goodie. I only wish btc was cheaper so I could trade more crapcoins with it. For example, you can’t sell Mask for Btc on a Yobit because Btc is too expensive and Mask is less than 0.00000001btc. This is the same with half the coins on Yobit. I suppose we always have doge but I prefer to trade with Btc wherever I can.

I’m yet to find anyone that can reliably make consistently accurate predictions. There are a lot of old web pages you can read where well respected traders and experts have made predictions that have now been proven to be terrible and not even close. I think you have to learn the game for yourself and then go with what your experience indicates will happen.

It’s hard to completely stop scammers as there are a lot of scumbags in this world. This forum seems like a good place to out scams that we in the crypto world come across. I think cryptotalk should make it a permanent topic, a section specifically designed to name and shame the scams we come across.