febriyana

I think story Satoshi Nakamoto is like Colonel Sanders. Let's talk short story about Colonel Sanders, why on that time only one restaurant accept their idea about the recipe. The owner that restaurant don't know him, why he want buy the recipe? The answer is because the owner like the idea. So the owner risk some money to build KFC and now is already worldwide, for say thank you the logo Colonel Sander i see never replace.

So what i think people trust is because the idea of Bitcoin is really innovative. Where we can send money without any government law and worldwide. So some people just try it. The big change when Silk Road use Bitcoin. From there Bitcoin become famous like now.

That is Satoshi Nakamoto fault if he don't famous because never shown himself.

If this is about imagination.

I prefer quit from Bitcoin. Because the market now is normal and the price Bitcoin is really hard to going up. 

So for example wen the price Bitcoin is suddenly going to $100 from price $7,000, that drop is around 70x that is too big! What i think first this Bitcoin will become useless soon. I prefer Bitcoin going up to $1,000,000. So i can buy all president in the world to become my maid. lol.

I often pay online goods with Bitcoin. For example buy ebook, domain, vps, etc.

My first purchase is domain and hosting in Namecheap. That time around 2013 price Bitcoin is still cheap, if we compare now i too much giving my Bitcoin lol.

But form domain and hosting i get some profit selling it and also i get client. So for me win solution. But for goods in real life i never buy it with Bitcoin, because that is hard to integrated in my country.

My favorite coin is Litecoin, Dogecoin, Bitcoin. Currently only that coin.

Because that coin have long story about cryptocurrency. Also more fast when we trading because have big marketcap and volume. I also holding some altcoin to stake. But i don't want give the name. With staking allow me to get some devidend with only keep my coin in wallet. Like mining but not cost so much.

I think that is depend on how many supply on that coin, if the coin have around more than 1 million supply the price will really low than the coin where have 100 supply. Because when the coin have small supply, the cycle will really hard and small so the price can expensive. But not only supply factor, other factor can change the price like project, famous, etc.

In human nature their mind not going too far from the reality.

So if you ask about the next inovation can beat the cryptocurrency, i think that is need atleast 100 brain to think it.

For me i can't reach the idea after the cryptocurrency, because we can see Satoshi Nakamoto is surprised his technology used now. Also who create Dogecoin also suprise Dogecoin have price around 30 satoshi now, where the reality that coin only used for joke and education for newbies knowing cryptocurrency.

I like this thread topic. I am join cryptocurrency when around 2013 until now. So i already 6 year in crypto world. wew..

At around 2013 i know first is about Bitcoin. That time i know about it because i take a fun on Google search. So i think Bitcoin is interesting idea. I just collect some Bitcoin from faucet and giveaway. So i get total around 1 BTC. But sadly i sell it when the price is still cheap..

At 2014-2018 i am not quit from cryptocurrency.

At 2019 i am back to cryptocurrency, because i see the possibility it will used for the future. Hope that is true.

18 minutes ago, fuer44 said:

I am always waiting for new things in this crypto world. what I am waiting for the most is the crypto project that works with real goods, meaning that crypto can really be used to buy real goods, or at least online games and applications and it is used continuously without time.

Yeah currently i don't see any cryptocurrency can buy directly goods. That is maybe good idea for new cryptocurrency where want open ICO. So we can more easy in our shopping. But i think they need open their marketplace, where that is can be disadvantages, because not all people can trust new marketplace where can only buy with that coin. For online goods for example ebook, steam code, etc. I think some website already integrated Bitcoin as payment currency.

In my opinion cryptocurrency now isn't like old times. Where old times cryptocurrency created fully decentralized, but now some coin appear with centralized. Where the coin is fully controlled by company or banker.

The centralization is not bad because can make the coin price going stable and guaranteed because behind it company or banker.

But for me i will still choose cryptocurrency with decentralization, where the system blockchain fully not controlled by any company or banker. That will give us the decision to make Bitcoin for example going better.

If i read it that is like paxful. Where we can sell or buy directly to person with creating some deal accepted by 2 person, seller and buyer. paxful only like broker to keep the transaction is fully secure and easy. But currently i never use paxful.

But for service directly between seller and buyer without going exchanges i ever do. I just do it on forum like Bitcointalk and other forum, so from that services cut many barrier like waiting order and can be quick hard cash. But unfortunately that is have big fees.

Cryptocurrency i think still alternative currency beside we use paypal, neteller, etc.

It have some advantages than other payment processor, like Bitcoin it is decentralized and transparent. So no one can't control the Bitcoin from the price until the system transaction. Bitcoin have blockchain where allow everyone to check any transaction in Bitcoin. Everyone can know who have big amount Bitcoin, when they transaction, etc.

For fiat i think will still used because that is main pair from cryptocurrency. Without fiat we can't get hard cash.

Losing money is not always bad because you can learn something from it, so you don't get same mistake in the future.

I often lose some money in exchanges, first because when i trading is so emotional, i get hyped to buy coin or i fear when the price going down. That is my big problem until now, but i always trying to not going like that again

Another mistake maybe not because our fault at all, but from the exchanges. For example your fund lost or exchanges closed without giving back your money. That is not your fault, maybe that is disaster, just take a lesson to not keeping all coin in exchanges.

On 12/11/2019 at 12:33 AM, Aereen said:

Maybe my worst experience was I kept converting from bitcoin to another currency in which where I could have just waited for the right time, not knowing the transaction fee was expensive. 

I think that is normal when you come first in cryptocurrency world. I am same with you that time. Where i think exchange is only need one click, why need so much time to trading. But i know now, to get the cheap price you must wait and also when sell if you want get best price you need wait. For sending from wallet to other wallet at first time i think that is free, but the reality that is take a fees, so i ever see my balance decreased around 20% because transfer fees.

Investbox in Yobit i think that is good for newbie who still learn about cryptocurrency also who don't want get complicated about cryptocurrency.

But in my opinion the interest rate is really small than you trading it. Maybe that is because that investment doing like certificate deposit but this is online.

Also i think that is not profitable, because you get fixed interest everyday but the market is volatile. For example you only get 0.1% interest/day, but the market going down 1%/day. I think you lose slowly.

For last month, November 2019. My earning is around $300 from trading altcoin, but for other investment i think still on growing, so i don't take my interest because i want do compound investment. So i invest back my interest to investment, hope my investment will more big than now.

Currently i never do airdrop or bounty. I am still don't have any time do it, because i see need taking much time. But if that is worth maybe i can reschedule my time.

2 hours ago, Nicklaus97 said:

Currently, not necessarily.

This statement was true for people who bought crypto during its early stages of development. For example, a person who bought DOGE worth $100 in 2013 would have been worth hundreds of thousands of dollars by now. Gone are the days when faucets used to pay 5BTC per claim. Crypto is much more difficult to earn nowadays. But if you're comitted you can ear a serious extra income through ICOs, Airdrops, and Faucets. All these depend a lot on how many referrals you can obtain.

Yeah i think now to earn cryptocurrency is hard. Maybe because cryptocurrency going to mature age. Where the mining process going to final. The market now still growing. Hope will be good next year.

I remember some faucet and other giveaway when 2013 is giving really much than now, where the faucet that time giving around 10k satoshi per hour, that time i think Bitcoin is only scam project. But time by time we can know that is real.

To handle fear in cryptocurrency trading is you must atleast minimize any risk and the second use free money, i mean amount money you don't think can stressful when it lose.

So how to minimize the risk?

That is absolutely you need to research the coin first. The easy way in my opinion is to check their project progress and about the project, volume, marketcap, supply, community, and rank.

When you know that coin is good when you research it. You will confident and don't think fear when trading.

Yes you are right cryptocurrency is breakthrough or new inovation for financial with technology.

Cryptocurrency, for example like Bitcoin is currently an answer to sending payment worldiwe with small fees and without any personal data verified.

I think time by time cryptocurrency will upgraded to new inovation. For this time i see cryptocurrency still on mining mode and collecting their community. So in the future cryptocurrency will more comfortable used.

For now i prefer to play in short term.

Because the bullish is come but only give small profit. Where that is bad idea to waiting too long for what condition unknown. Holding coin is good but we must know the market now is very different than market in old time, where in old time the competition for coin is still low, so the demand is really high but now many coin birth so the market is divided to every altcoin. Where maybe scam coin.

20 hours ago, Mursanna said:

But do you think this is the right time to make a project when the price of bitcoin goes down? Is it easy to get investors now? I just want to know

That is depend what project you make. If you already make a project where already launching to the market. I think whatever price Bitcoin down or not is still good time, because your project is real.

But if we research again for this time Bitcoin is going down to the price every month so i think some people quit from cryptocurrency and maybe not believe for cryptocurrency again, so if you do ICO now is bad time.

59 minutes ago, Mursanna said:

But when ico Hara's sales reached softcap, so I was interested in buying it. But there are also ESO projects whose development is not clear at the moment, I hope there are crypto projects in Indonesia that are truly developing and surviving.

I just think any ICO from Indonesia is only to collect some money from investor for short time. Because with ICO, they can avoid taxes and watch from their government. I hope not like that again for Indonesia project. That is really hard to investor get trusted again for ICO. Indonesia is good potential for many sector, i will see the next project if that is real project, not only big ads.

The mining process will stay forever there also after all Bitcoin mined.

The miner get reward from processing transaction with we know is transaction fees. Maybe the reward is small but seem the difficulty will going decreased and the miner will more easy when mining because some miner will leave from mining. I don't know what other fees included when that time happen.

I hope the reward will going win win solution between miner and blockchain.

20 minutes ago, Mursanna said:

I wondered why bitBTC and 42-coins did not enter many markets. In fact, I only see the most famous and most popular bitcoin. Not many people know about bitBTC and 42-coins

There is maybe the developer only limited that coin can trade able in one or two market only. So the price coin can be stable also i think only small people who know what the function that coin will buy it. With that price that coin seem limited because the supply small and only small people trade it. There is still chance that is only games from pumper and dumper.

I think when see the market situation like now is like bad idea to holding Bitcoin for long time. First your Bitcoin not growing and second your profit is unknown. If you only hope the price Bitcoin will going up, i think hard for now, because Bitcoin in old time only small competition, but now the market is diversified because various token and coin. Maybe you can try some Bitcoin trading pair to maximize your profit for short term. I hope Bitcoin will going healthy and strong again.

Here my advice maybe you can get the idea when you need take buy and sell.

First you must see the graph everyday.

Because for me that is important indicator. So if your coin have oversell in indicator you can buy it. If that is overbought you need sell it soon. 

You can calculate by yourself to target how many profit you need. I prefer take profit around 1%-5% more than that i think only lucky. But how if the price always going down? I prefer to hold it until the price going up again. But if you have some feeling that is not right, just sell it.