BTC Future

coins.ph is a centralized service and from what I know it is a web based wallet mostly for Philipine citizens. I would recommend a non-custodial wallet to hold your crypto and better get a hardware one as Ledger or Trezor from their official websites.

Lately mempool is empty and this means that users can try sending Bitcoin with 1sat. If this doesn't work replace by fee with 2 sats. Still 1 sat would proceed after a while.

Electroneum mobile mining is fake and the project in general is not solid or something you should consider a long-term investment. Might trade it if it goes too low and wait for a pump n dump. There are coins you can mine with mobile phones as Zcash, but I haven't found out if it is profitable activity.

2020 has been ok for Bitcoin, I wish it wouldn't suck so much on everything else though. Hopefully Bitcoin will keep rising and eventually reach ATH and pass to the next macro level. Above 10k we are fine for now but I'm expecting 20k by December.

I was thinking of starting with $100 as well and after getting knowledge and experience enough to try with $1000 although this would be the cap and I would have to look at charts all day and be very strict with my approach.

A small continuation of the trend with a lower low may not mean that the trend is still bearish. Although I haven't seen many similar cases in crypto as usually the trend reserves with a convincing green candle next to the final red.

With the current encryption there is high risk that a quantum computer, if ever developed, it will brute force SHA-2 and elliptic curve secp256k1 in a matter of minutes. There is quantum cryptography though and probably changes will happen at some point in the next 5 years.

Indeed. Besides traffic cryptotalk lately is enjoying better quality terms as well and probably it will keep growing. I'm expecting only good things from now on.

Not at all. You seriously want to trade this? Take a look at its chart. Just a scam coin that cheats members and demands them to work for peanuts while the devs getting rich. This it the chart of a scam coin. You can only hope for a pump and dump.

Hi there. The general rules of Cryptotalk are on this link. Also, on the top of each section of the forum you will find a pinned post containing the rules of each section. Another important thing you need to know is that many subjects already have their own post. So a post that is general as for example: "Tell me your favorite altcoin" probably already has a post of his own. I would suggest to write posts that contain information value or a opinion that is genuine and also use the search function with key-words. Finally post on the correct section. Beginners section is about introducing new people in cryptocurrencies. About section is about the forum and so on.

You are right there. An opinion is something that even if we disagree we can always give a thumbs up or not react at all. Basicaly even if someone makes a few mistakes or misunderstands a term I don't give negative reaction. Although sometimes there are cheaters and making posts that make no sense. These certainly deserve negative reaction. I can't say why someone will give negative reaction but I guess that some people might not enjoy comments that just agree with the post and fill the minimum 100 characters to get 10 TALK with low effort. I still do not give negative reaction to these but perhaps they deserve it.

x5 is ok but be careful and use stop-loss as well. 20% moves up or down are common for Bitcoin and derivatives exchanges are getting rich from that. Also for some exchanges I've read that a 10% price move opposite from your trade can liquidate x5.

Adding to our BTC balance is the best we can do. While market might have swings as @Moneygurustated price will recover. I also trade altcoins to increase my BTC position and do not hold them for a long time. Bitcoin train may leave and altcoins while we see them now pumping, they do not have potential for much.

At times Bitcoin is rising and altcoins dropping. Although I'm expecting this to happen after a few months when DeFi fails miserably and people that sold their Bitcoins for DeFi yield farming start calling them scams and crying about the loss of their Bitcoin position.

Blockchains may have helped but if they are not decentralized they bring danger. A decentralized blockchain as Bitcoins is immutable. Meaning noone can go back into past blocks and alter the data. Are we sure that all these corporate blockchains are doing the same? For example is IMB's blockchain decentralized, secure and immutable? I highly doubt that. I think it is centralized and under total control of the people in charge of the company. So someone actually has power to alter the data. This does not happen with Bitcoin.

When we say that noone controls Bitcoin we mean that there is not a single person or entity that rule it. Decisions are taken by all the entities involved, what is called the Bitcoin Community. If someone disagrees with changes but all the rest agree then the party disagreeing is left out after not upgrading the software. It is not just developers or miners or someone in power that decides. Also control does not have to do with price. Since you discussed supply and demand this is another thing and perhaps you are talking about whales. Whales can have an inmpact on Bitcoin's price but lately their power is reduced.

Everything is verified on the blockchain. The moment you use a centralized service as an exchange you put trust that they will keep your Bitcoin and crypto and perform the actions you asked them to, while pay them fees as they have operating costs and need to run a business as well. If an exchange misbehaves this does not mean that they use fake Bitcoins or other crypto. They just have fake data displayed on their website. The blockchain is what verifies transactions. The transaction between you and the centralized exchange is not the trades you make but the deposits and withdrawals.

At that time bittorrent was also trending and basically everything that contained the word bit was getting catchy. Also there was another similar idea of creating a digital currency called "BitGold" by Nick Szabo since 2005 which Bitcoin shares many similarities with.

True. The countries that mostly want to restrict crypto have very different reasons. Some are poor and think that cryptocurrencies will just make things worse and increase corruption. The poor countries cannot afford this and they probably ban for this reason. Other countries as China banned Bitcoin because they want total control over the finances of their citizens and are now promoting their own digital national currency. And others that have not regulated yet are ready when they get a chance. Even Japan may take back the favorable regulations as they will be developing their own CBDC soon.

There are a few projects that have kind intentions and if they fail they refund their investors 100%. This doesn't happen a lot though. Most projects have been scams though. It is up to us to find the real ones that have a chance to succeed and even now that altcoins have been rising they still do not look legit.

SMT price crashed while the whole market was rising. Judging by price alone does not mean much. In order to ask about a project you should make research on your own and provide the rest with your opinion.

A good plan is to just invest small amounts out of our wages each month as $50-100. This way we won't have too much risk and it may be that after a parabolic run we take profits and wait for prices to return to normal to rebuy.

In this scenario the price will obvious rise a lot more then and might reach 20k even in 2011. Perhaps people will begin mining like crazy and while the network having low hashrate there might be 51% attacks and make it useless. Satoshi was having around 40 CPU's running the software initially to secure a standard hashrate so 50-100 more Pc's mining under the same miner would have been a huge problem.

The cryptocurrency world will always provide opportunities to earn. Since 2018 these opportunities faded and were not as much as in the past. Basically besides trading major Bitcoin swings which also has risk involved, everything else was just a gamble against the odds. The opportunities to earn were just a few and made a small earning chance. Nothing like 2017.

It is as you said. That problem is that the OP did not understand that SL is required for day trading and not for investing. Indeed stop loss is standard.