williamz902

I will definitely buy libra when it's launched, because I think it will do really well. A crypto that has such a large backing and is created by Facebook? How could it possibly fail?

55 minutes ago, hexwin said:

Exactly.
Some people say you can't compare PayPal and crypto,
but why would I even need PayPal if there is Bitcoin and other crypto?
Maybe someone creates decentralized platform alternative for PayPal in future.

Unfortunately I still need paypal, because it's widely accepted - bitcoin is not yet accepted as a payment method on a lot of websites. Paypal was a great idea - but I'm afraid, like everything, it's starting to become difficult to move money and there is so much rules and legislation governing it's use!

On 10/26/2019 at 4:07 PM, DrAdham said:

India seems to be moving aggressively towards Bitcoin
It is also happening in the Chinese market
Bitcoin seems to be heading for a new summit.

This is good news. I have no doubt Bitcoin is going to break previous records in the next year or two. I would like to see it touch 50,000. Each day that goes by, more and more people buy - so yes, there is a lot of money coming in.

21 hours ago, josephrioveros123 said:

I make a trade on yobit.net I think that when many buy a certain coin the coin goes up. But when I bought the coin and I see that many users bought a lot of that coin but still the that coin price goes down.

That's the reason right there! Don't buy a coin that's already gone up! You should buy a coin that's gone down! Buy LOW, sell HIGH. Not buy HIGH. You need to do the opposite of what everyone else is doing - buy the coins that are at rock bottom, but still have a good volume. Don't buy a coin that's going up in price!

12 hours ago, xBDT Script said:

It really looks good for those who has alts in holding but my question is does this green means really green for your holdings? 

It doesn't! My crypto porfolio is all red at the moment! All of that green is in the last 24 hours only. It doesn't take into account the prices from the day before. For example, if I bought 3 days ago, and the price crashed by 20%, and then today, the price is up by 3%, CoinMarketCap will show it in green, but my portfolio is still red and down by about 17%. You should look at the 7 day or 1 month graph to find out what's really going on. The 1 day graph is mostly useless to make any decisions.

As you can see below only Qtum is doing well. But I'm not worried. I know the prices will go up sometime next year. I will keep holding. And I'm going to use this opportunity to buy more (especially Factom!) while the prices are cheap.

7 hours ago, saintelincon said:

Do you have any plans to get enough btc or money with btc that you won't need to work anymore? Basically like people work all life to retire later, but with the btc investments or tradings. Isn't that a good idea? Do you plan this?

This is sort of my goal. Right now I'm building an extensive portfolio, and my long term trading is mostly a hobby at the moment, but if I do well within the next 2 years, I may well consider making it a full time profession.

6 hours ago, hexwin said:

Is there any advantages Crypto have compared to Paypal ?

Have you used PayPal so far and why is Bitcoin better?

PayPal charges more fees than Bitcoin

I've used both. With paypal you never know when they are going to freeze your account when they suspect strange things are going on. Also, you have to fill in so many forms, and they are always asking questions about your transactions. Bitcoin is much easier, you can send it to anyone, anywhere, without any questions. Paypal is also limited in some countries, which is really annoying.

4 hours ago, saintelincon said:

I saw some people saying that long term holders are dumb because they keep holding on the losses and this is a stupid meme. But i don't agree with that, since we believe btc will grow even more. What do you think?

I'm a long term holder. I buy when the markets are all depressed - like now! And wait for the massive 1000% spikes. You need to train your brain to realize that each and every day the price goes up, you are making money - even if it's not yet showing in your balance - porfolio trackers help with this. Sometimes I have to hold a coin for a year while the price is continually rising, but the rewards are beyond my wildest dreams.

Some people are day traders and that's fine - I personally prefer longer term. I don't spend my time worrying about what other people are saying - let them do what works for them, while I do what works for me.

9 hours ago, spyaquino said:

Guys, in this post I want to share my trading experience and at the same time to know from you a sincere opinion, ok, no frills come on.

If the price goes down - DON'T SELL! It's that simple. Buy some other coins and trade with them while you wait for the price of the first one to recover. The price WILL recover. Sometimes it take a few months - but it will recover.

2 hours ago, xBDT Script said:

My question is - will you feel secure in this kind of trade? And what else risk you think could be involved there.

If I was ever going to do a trade like this there are some rules to remember. First of all, take someone with you. There is safety in numbers. Second, insist that they buyer brings cash, because bank transfers can be reversed and so can paypal.

Meet in a public place, like a crowded coffee shop or restaurant. When the buyer hands over the cash, you can do the transfer to him. (First check the cash, count it and make sure that it's not counterfeit notes!) After that, wait a while in the coffee shop, or hang around the mall, or even go and deposit the cash into your bank account before you head back to the car park. Also make sure that your crypto wallet has a password, and as another safe measure, put only a certain amount in a temporary wallet - while the rest of your balance is back home safely on a different wallet.

There are safe ways to do it, but you need to be careful.

This is good news. There is one in a city close to me - but I have never actually used it. Can you send Bitcoin to the ATM and get cash out? Or is it just for buying bitcoin? Has anyone ever used one?

The change depends on the time zone which is being used by the website you are on. On some websites you can set your own time zone, on others you can't. Bitcoin is not really bound by time... When a price change occurs, it occurs around the world in whatever time zone you are in.

There are still some opportunities in some places. But I find that you have to do your research carefully. For example, sometimes there is a big difference between the buy and sell prices on one exchange which make it pointless. For example:

You might be able to buy Ripple on Exchange A for 5000 satoshi
And you might be able to buy Ripple on Exchange B for 4000 satoshi,

But then you might only be able to sell your Ripple on Exchange B for 5,500 satoshi.

Sometimes the buy and sell prices are completely different, you need to check this during your research. Also make sure that you are gaining more in arbitrage than you are loosing in withdrawal fees. It's a complicated process which can be profitable, but lots of research is needed.

I have been wondering how much has been lost so far. 4 million sounds about right. I haven't had time to check. It's sad though. I think the developers need to find a way to identify which currency is actually lost and then recover it from the block chain and start re-circulating it again.

On 10/4/2019 at 8:01 AM, MyThoughts said:

I checked on the Internet, on one site Bitcoin costs $8110, on the other $8125.
Here the difference is small and everything is clear to me.
And on Yobit, Bitcoin costs $8700.
Who can answer why?

This is normal because of the trading volumes of different exchanges. If there are a lot of buyers on one exchange it will have higher prices than an exchange where there are more sellers. Generally the prices even out over time though.

50 minutes ago, Cryptohash said:

These are the major passive income stream which is consistent from the starting stage of crypto.

• Mining 
• Staking 
• Master-nodes

I don't think either of these are very profitable. You will probably get better returns in Trading and holding in the longer term - especially if you know what you are doing.

I think these are definitely contributing to the price increase. I wasn't aware of the other two - Bitfinx and Futures? Is that Binance Futures? Why was Bitfinix money frozen by America?

Although these technical analysis are helpful sometimes, they are not always accurate to predict what's going to happen in the near future. IF you had run that analysis before the price recovered and while it was still down, you would have gotten a totally different projection!

2 hours ago, DrAdham said:

n a tweet to Twitter on the beginning of this year,
They talked about the possibility of the price of bitcoin to 50,000 dollars by the end of this year 2019
I trust them very much, I expect this to happen ..
What is your opinion ?

I think this is very unlikely to happen. There are barely two months left to the end of the year. I just don't think it's possible (or healthy) for the price of Bitcoin to reach those levels in such a short time. However, I've learnt that this market can be unpredictable - so who knows. If it continues it's current trend of jumping by about 500 every few hours, it may well surpass that level.

I believe that it's possible to some extent - but generally an analysis requires that you know what the market is doing right now - not what it's going to do in the future. For example, you can tell when a coin is really low and everyone is buying into it, and you can tell when a coin is far above it's value and everyone is getting ready to sell. It's not so much predicting what's going to happen, but what's happening right now and what you should be doing.

These are sudden, unexpected rises, one might even call them a small speed bump, but just know that the majority feel that it will come down to about 5 or 6k. You can see that this is very likely by looking at the charts.

4 hours ago, lilykool said:

First of all,We all missed these kind of things.Before I went to my bed,It was about 7k USD and now It is almost 10K USD!

We all know this from the past.Bull Run is started but we still have time to invest in any coin.

When Do you think Bitcoin will hit it`s top price and when do you think altcoins will start to go to the sky ?

I wouldn't make any assumptions right now - the market is doing strange things. In any case, I think altcoins are really cheap now after Bitcoin's rise - I'm definitely going to stock up. I anticipate that will do well next year. It takes time for these things to rise.

As for bitcoin, I think it still has some surprises in store for us!

1 hour ago, mo.mirzaeipour said:

Hi guys

please help and guide me.

i have many egold in my yobit account and i want to Withdrawal them to another exchange but the wallet status is "Maintenance".

anybody knows when it gets back to normal and when was the last time egold wallet on yobit worked?

any hope for my egolds?  

 

best regards

Contact Yobit Support by using the "Support" button in your account. There is a way for them to do a manual withdrawal - they will send you instructions, but I think you need to use Yobit Codes for that manual withdrawal. This is what I've been saying for weeks, most of their wallets are offline and there are no plans to sort them out.

I generally stick to well known exchanges, and trade well known coins. I don't open suspicious emails, and I generally stay away from websites that deal with crypto that I don't trust. I don't really know if there is a definitive answer, because scammers and hackers are getting really creative and very clever now days! I think the best is just to stick to sites that are well known, that you trust, and trade coins that are also well known.

Obviously there is the usual: don't use the same password on all websites and change them regularly, make sure your email is secure all the time, don't share your passwords with anyone, use 2FA whenever possible, don't share private information or private keys, etc, etc.

On 10/7/2019 at 1:11 PM, teminalibug said:

Now every time i have enough money to start Trading i get scared!

If you are afraid to trade it means you still don't really know what you are doing - you need to read more, watch more videos, find some blogs on the internet, and study the graphs until you feel confident.

There are website that provide practice training - you can learn to trade (practice) without using real money. Gambling is not a way to make money - you will loose more than you get, even if you think you are good at it. With trading you can actually control your trades and make money. The main rule: if a price drops, just don't sell at a loss. Wait for the price to recover, and it will always recover (unless you bought a shitcoin that's about to die). Sometimes waiting might take a few days, or a few weeks or even a few months - it doesn't matter. YOU ONLY LOOSE MONEY IF YOU SELL AT A LOSS!