williamz902

14 hours ago, kobi said:

Okay, I get your point passion can usher in emotions. But then, don't you think your persistence grows stronger at what you are quite passionate about?

Yes, that's true also. I think doing something that you like will help with persistence. But by persistence, I mean if you lose money, don't give up. Keep learning, keep trying.

6 hours ago, Muneeb said:

All your prediction is good but one thing i must to say you that there are so many coins in the market some are new and some are old and peoples will believe old coins and doge coin is so much old and also it supply is so much high it price will go up mostly 0.02$ just not more than this.

Yes, I don't expect a lot from Doge, because its got one of the biggest circulating supplies of all the coins. I don't really check the dollar price, I mainly analyze against the bitcoin price. Maybe that's because my goal is to get more BTC without worrying about the dollar price.

2 hours ago, kobi said:

Setting stop lose most times in a position could be very annoying and frustrating when you come to discover that the price only went down enough to trigger your stop loss before mooning lol...

Yes, I can understand that this would be very annoying. That's also why I prefer to manually control my trades and not rely on a computer to do it for me. This is also why I think longer term trading is better than day trading.

I would say patience and persistence, in that order. I think the two are probably closely linked anyway. You can definitely make profit even if you are not passionate about it. In fact, passion may hinder your trades, especially if you are so passionate that you are trading with emotion.

I haven't actually bought anything with BTC, but I imagine that's it must be a cool feeling when you pay for something with it. In the future when I have more of it, I will definitely find places to spend it.

1 hour ago, hexwin said:

How much do you think Binance holds Bitcoin in it's cold wallet?

At the moment they have 246,883.53485547 BTC

Wow, that is a lot of money! I wish I could see that amount in my cold wallet. But then again, that's not all their money. Probably most of it belongs to their users. Imagine if that exchange disappears suddenly! Lots of people will be crying.

On 10/22/2019 at 2:13 PM, Mohs3n71 said:

Actually amazon doesn't accept bitcoin yet, it's just a third party application ( google chrome extension ) from a startup called "Moon" you make payment to the wallet address that they provide and they will make payment to amazon

Thank you for clarifying. I was about to ask if Amazon's acceptance of crypto was regional, because the Amazon that I visit doesn't accept. This is actually quite a good extension then. I wasn't aware of it. Really good innovation. I hope many more people create solutions like this to make crypto more widely accepted.

There are quite a few on that list which show potential for the near future. Coins like Zcash (ZEC), Monero (XMR), Litecoin (LTC), and perhaps Doge might also make it to the list, though that can be argued depending on your views.

I'm also interested in such a list if anyone can provide some handles. I'm particularly in watching professional Bitcoin traders. I think I'm going to head on over to twitter and see if I can find anything.

13 hours ago, dhemasm said:

After China announced it would focus on Blockchain technology and encourage banks there to use Blockchain, South Korea also promised additional injections of funds or investment into the Blockchain sector.

I must admit that I never expected these tightly controlled Asian countries to lead the way in blockchain innovation and development, and embrace it the way they have. I think most of us thought the United States would be the first - since they are the first in many things.

8 hours ago, zahid said:

Another big mistake is to keep your coins on crypto exchanges because it is so risky. The hackers mostly attack crypto exchanges.

I get that this is geared to newbies, but I usually disagree with this one. At the moment, I have all my holdings on an Exchange, because I might need to sell them at a moments notice. And I keep all my bitcoin on an exchange, because I will often discover a new coin that I want to buy, or perhaps the price of something will drop and I will want to buy more. One day when I have spare funds that I'm not using, I will send them to a cold wallet, but for now, I need all my money close at hand. But I do make sure I only store them on an exchange that has a good reputation and which I trust.

5 hours ago, Collectibles said:

Cryptocurrency is really have a good time with adoption in my country. With the government interference, most people would prefer accepting cryptocurrency as payment. 
I use bitcoin and Ethereum for most inter country payments. And I accept the same cryptocurrencies as payment for goods or services I offer. 
 

What currency do you accept for payment of services?

At one time I had a website which was accepting bitcoin as a form of payment. However, I later closed the site down because I didn't have time for it. I still prefer to get paid in US dollars, since that's still one of the leading currencies in the world, but I will certainly never say no to a bitcoin payment.

I think this is where managing risk and trying to reduce losses is important when you make a mistake. Someone once said that as long as your wins are big and your losses are small, and your wins outweigh your losses, you are generally on the right track. This basically means that your frequent, big wins can easily cancel out small, rare losses.

While I personally prefer Stellar Lumens, I feel like Ripple probably has a brighter future, because of it's associated with banks and other institutions. From what I know, Stellar is a hard fork of Ripple, so they are basically the same. Stellar has a partnership with IBM, but I think Ripple's price is always going to be a bit higher than Stellar. Still, I think both of them have a bright future, perhaps Ripple's will just be a bit brighter.

If you are wanting a proper stable coin, you should rather try USDT (Tether). Though you can't really make much profit from it, it's a good coin for shorting and converting to when BTC price is going down.

On 10/30/2019 at 7:03 PM, Tao Of Satoshi said:

If current Dash instant transaction technology was implemented by all exchanges, there would be no need to wait for BTC confirmations. Dash could be used as the defacto currency of traders, allowing instant value transfer to and from exchanges. We should never stop getting this word out to those exchanges! They have nothing to lose and happy customers to gain.

Most exchanges support dash - so technically there is nothing stopping people from converting their BTC to Dash and sending it to another exchange, then converting it back to BTC afterwards. I think most exchanges also offer lower withdrawal fees on Dash. Personally I prefer Digibyte for moving BTC from exchange to exchange. I find the fees are really low and the speed if relatively fast.

On 10/23/2019 at 9:44 AM, Annlisa said:

Is altcoin season finally here, coin analyst have started predicting that altcoin charts has started the upward trend which is likely to continue in the up coming months. How true is this, should we stalk up more altcoins or just wait for more time and see where this present trend leads. What do u think.

Most people generally agree that all the major altcoins will be facing a bull run during different times in 2020. Some of the coins have already started their slow, upward trend. Now would be a good time to buy - although a few days ago was better because most of them had hit rock bottom when bitcoin crashed.

On 10/31/2019 at 3:02 PM, xBDT Script said:

Imagine after one or two decades we may see Fiat currency will not be existed in the world or let's say after 50 to 100 years from now - it really does not matter. The only currency will be cryptocurrency.

 

I don't think crypto will ever replace fiats in the future. At best, I think they might be adopted as a means of payment along side each other - just like you can pay with cash or by card, crypto will be the third option.

On 10/31/2019 at 4:08 PM, hexwin said:

Did you ever wanted to create your own coin or token?

What would be the purpose for this coin?

We see many famous people started to create their own tokens and smart contracts

A little while ago I actually did want to create my own crypto - but I realized that it's very hard to get mass adoption and acceptance for a new project. In any case, there are such great options out there, that I could make games and websites which use the existing cryptos without the need to create my own.

20 hours ago, kylepresz said:

Backup your private key to a flash drive or memory card, and get a bank safety deposit box. File it away, along with your Will and detail who gets it. Or you could always back it up to the cloud and then write the password down on a piece of paper and put it in a bank's safety deposit box.

This is possibly the best advice that I've seen regarding handing your crypto over when you die. I don't believe in sharing your passwords or private keys with other people while you are alive, but you never know who you can trust (your wife might divorce you and take all your money and all your crypto!)

I don't really get what you are trying to say. But if you are asking how, then start by buying some crypto with your card and then get trading. You can read books, you can search for information on Google, you can watch videos on Youtube. There are lots of resources and information on the internet.

1 hour ago, Admin said:

Congratulations to Contest Winners:

1. cryptokram 3902 - 1 btc
2. xBDT Script 3512 - 0.2 btc
3. Dimarrik 3191 - 0.2 btc
4. Кукуруза 3055 - 0.2 btc
5. Pyatka 2977 - 0.2 btc
6. Gorigor 2798 - 0.1 btc
7. okela 2548 - 0.1 btc
8. trader_999 2468 - 0.1 btc
9. kokoska 2412 - 0.1 btc
10. YoCoin 2299 - 0.1 btc
11. hexwin 2296 - 0.1 btc

A big congratulations to all the winners. They must be so happy. I recognize some of the names. Well done you guys. You have all definitely worked really hard to win this prize. Will there be more of these competitions in the future?

I've been wondering about this for a long time. Do people (you guys) buy crypto as a Christmas gift for friends or family, or would you ever consider it as a gift? Have you ever had a friend or family member ask for this as a gift for their birthday or for Christmas and do you think many people give crypto as a gift?

I think a more general rule that applies and covers this is: don't trade with your emotions. Emotions range from fear, to FOMO, to greed, to anxiousness, to rushing, to panicking. All of these will make you stumble every time.

On 10/30/2019 at 2:39 PM, hexwin said:

It can go up to 400 GB and more soon, but hard disks are so cheap now and they have multiple TB of space.
I don't see any problem for that, and there are even SD cards with 400gb or more that can be used on laptops.

I haven't checked the space usage by the BTC blockchain for quite a while now, but I can imagine that 400GB by now is correct. Running a full node is also annoying because you literally have to update it everyday. If you don't you will spend hours waiting for the past week or past months transactions to update. And you can't use it until the sync is finished. It really is cumbersome.