INVESTING IN CRYPTOCURRENCIES - page 3

No Day Trading here, this section is about HODLING. We check coins and tokens for the long run, are looking for good entry points for promising projects. We just buy, hodl and forget it for some time.

ICO REKT “Sh*t coins, that are not even worth Sh*t…”

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ICO Sh*t Coins
Don't even own Sh*t!

In short ICOs are REKT… Period end of story… How did we get here? What can we do to FIX IT? I have spent the past month doing a deep dive into many different matrices of ICO prices/holdings along with how the ICO companies are progressing with their plans… In doing so I am left disgusted and dismayed of the pure greed and absolute fraud-ridden landscape that makes up our current ICO space. Many ICOs were nothing more than money grabs by greedy well-spoken liars. Hence with the realization the downward one-way ticket to ride of many of the ERC-20 Tokens, along with the magic unicorn Ethereum that shat out these magic poop coins. Smart contracts? For who? Smart for the ICO teams/sellers who raised the funds maybe, but not for the investors/hodlers of the tokens. The majority of these ICO companies will slowly sell their ETH at some point going forward and simply fold/vanish/disappear. Only a very minor few will survive the ICO apocalypse as each of them turns into the living dead… Etherum is a poisoned well of this coming ICO apocalypse IMO. I will share with you below my thoughts findings and a solution to pull Ethereum back to shining star status, btw if you are an anonymity nut, well phuck off this article is not for you. Privacy is one thing, but anonymity is the calling card of criminals/thieves in business/money. Keep Reading

The Unshakeable Bitmex Investment Strategy: Catch The Bottom And Let It Ride

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The Unshakeable Bitmex Investment Strategy: Catch The Bottom And Let It Ride 2

Yes, we ‘mex a lot these days – the current charts are a day traders wet dream, however, an educated guess makes us feel 95% on Bitmex are just losing their Bitcoin before it goes parabolic and leaves the past all-time high of 20k behind with a smile of ease. One of the main reasons, why Bitmex breaks the neck of so many noobie traders, is that they are trying to catch the bottom. Catching the bottom with a juicy 25x leverage and let it run to 50k – isn’t it that, what the most traders over there are daydreaming about? Well, we developed a strategy which could make this (almost) possible – ok, better a with 5x  leverage though, better safe than sorry. Do you want to know more about it? Yes? It is easy and you don’t even really need more than the basics of technical analysis & math.  But the big question is, if the psyche of one allows executing this strategy – flawless, patiently and without emotions like a robot trader. This strategy is far away from scalping or day trading. Much more we will use Bitmex as an investment vehicle to catch a position near the bottom and let it ride all the way up. This is an experiment we will try out solely for educational purposes, of course.
Keep Reading

Could Cryptocurrency Replace Fiat Currencies?

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Could Cryptocurrency Replace Fiat Currencies?
Could Cryptocurrency Replace Fiat Currencies?

The biggest difference between cryptocurrencies like Bitcoin and fiat currencies issued by central banks is that the former is a decentralized digital currency not at the mercy of any government or central bank, but at the same time highly volatile with an ad hoc value. The latter, in comparison, is a centralized currency with its value backed by the government that issued it. Due to the decentralized and deregulated nature of cryptocurrencies, Morocco have outright banned them. So, are cryptocurrencies a viable alternative to fiat currencies?

When cryptocurrencies first emerged, Bitcoin had an unquestionable advantage. However, more recently a host of altcoins have emerged that are starting to threaten its dominance. Futurism calls this phenomenon “the flippening,” – when one digital currency supersedes another. Whichever ends up on top, a future dominated by cryptocurrencies has some advantages; crypto values cannot be manipulated nearly as easily as fiat currencies, and can better support the concept of universal basic income (UBI). This is mainly due to its symbolism of being a “free” currency not backed by any government and, therefore, seen as enacting liberation in line with UBI.

Cryptocurrencies also have the potential to eliminate intermediaries who take huge cuts in online transactions such as foreign exchange (Forex). FXCM describes Forex as a decentralized global market where every currency in the world is traded. The chain which makes up the independent trade mechanism of the Forex systems, like accountants, repositories and clearing houses, to name a few, each collect fees in the Forex market. By replacing fiat currency, cryptocurrencies could remove these fees and provide a transparent and decentralized Forex market.

Yet, the biggest issue with cryptocurrencies at this point is adoption. All digital currencies, even Bitcoin, are still in their infancy. Supporters note that the argument is much like the internet in the 1990s; only select computer savvy people used it until it caught on and evolved very quickly to change the world. When cryptocurrencies see wider use and adoption, everyone will again be jumping on the bandwagon. The problem, however, is that while at one point we saw many businesses offer to accept cryptocurrencies like Bitcoin after its massive upwards surge, this trend has steadily dwindled of late. Investopedia notes that there is a growing skepticism about its use as a medium of exchange.

If, and when, the time comes when adoption increases to such a level where cryptocurrencies outpace fiat currencies in terms of usage, infrastructure would need to be developed to support it. Governments and central banks are already seeing the significance of cryptocurrencies, and are creating their own, backed not by user sentiment but by a centralized institution. Even the European Parliament have decided that the adoption of bank-developed cryptocurrencies could be a viable alternative to fiat money. With the growing numbers of financial technology platforms such as digital banking, Forex and others, we might see a day when cryptocurrencies, albeit in a different form than today, replace fiat currencies.

When Bull Market? This Might Be The Real Reason Why Bears Took Over

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What's the reason for the Bear Market?
What's the reason for the Bear Market?

This might become a short post actually as it features just an idea. Many people are still puzzled about the bear market and why it just not seems to find its end. Crypto is the future, right? Why does it not reflect in the market prices and will ETF’s bring the money back into the game or will they work against the goals of crypto, like Andreas M. Antonopoulos thinks? This actually correlates with why I think smart money might (temporarily) moved out.   Keep Reading

[Infographic] – 20 Celebrities in Crypto

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To counteract the silly season a bit, we found a cute infographic we wanted to share with you: 20 Sport Stars, Rappers & Billionaire’s which are in Crypto. Keep Reading

– 20 Celebrities in Crypto"]

How To Spend It? Pay Your Everyday Expenses in Crypto!

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How to spend Bitcoin for purchases?
How to spend Bitcoin for purchases?

Traveling, services, online shop purchases, gift cards, freelancers, and so much more – nowadays you can pay literally for everything with your crypto funds – and still, you have to search for this possibilities.  This article shall give you a neat roundup on how to spend your bitcoins and other cryptocurrencies for almost everything available. Hey, it is a Crypto CURRENCY – so let’s use it and go shopping! Keep Reading

Is This The Death Of Altcoins?!

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The Death Of Altcoins?
The Death Of Altcoins?

Guest Post Provided by CryptoMedics (Read the review of their service here)
You might have realized that Altcoins have been suffering while Bitcoin dominance is going up. Many of our favorite Altcoins have taken another major hit. The Satoshi value of most large caps is still depressed compared to back when BTC broke beneath $6,000.

Take a look at this: Keep Reading

Reality Check for Bitcoin: An Uncomfortable Truth.

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Reality Check For Bitcoin
Reality Check For Bitcoin

Many technocrats believe in the blockchain, Bitcoin, and other cryptocurrencies to solve the problems of the world by machine power. Well, I am not too optimistic, that this will be the case in the scale we anticipate right now and I think as well many of us are blinded by the crypto-frenzy. It is understandable – the elder ones don’t want to be like the “internet non-believers” end of the 90s and think “this time, I won’t be wrong by denying the future”, and try to be the smart guy, that reads the cards of the future right.  Considering all these ICOs that wanted to “disrupt” all parts of human living, it must be a bad joke. I admit, this article has a bad timing – Bitcoin is up again, and it is natural not to want to see the other side of the coin – we want to enjoy the rise, right? But let me be the devil’s advocate today – let’s do it for the tech and not for the money, this single time – as progress only happens if we recognize the shortcomings and fix them. We tend not to see the hand in front of our eyes, and it is time to peep through – with an emphasis on one of Bitcoin’s most significant problems: its hunger for energy. Time for a reality check. Keep Reading

Trading TRON ($TRX): “I lost my Girlfriend, Dog and Truck, I miss the dog…”

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Lost BIG on TRON!
Trading Tron ($TRX) could make you sell your dog and lose your girlfriend as past has shown.

Trading TRON ($TRX): "I lost my Girlfriend, Dog and Truck, I miss the dog..." 5

I have heard many sad stories in the above chart. The main ones are the extreme losses and deep beliefs that were made with this coin akin to the EOS XVG IOTA and BAT groupies. Many of which have been burned and the startling facts to me are how often these newbie traders or crypto investors broke basic rules of which cost them some sleepless nights if not outright misery. Of these rules people investing too large an amount into any one coin or project and then exiting/entering at the wrong times only to panic out again, repeating this pattern over and over with disastrous results. I will once again point out what was done wrong and what can be done to prevent such as I know most of you don’t want to lose your DOG! Most other things you are probably ok with LoL. Keep Reading

One Fifth of Bitcoins are LOST! Real Supply of BTC is Running Out!

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Lost Bitcoins Are Constantly Decreasing the Supply
Lost Bitcoins Are Constantly Decreasing the Supply

Noting a recent report by the wall street journal that cites around 20% of all the bitcoins created have been lost. Being this the case thus increasing the scarcity of bitcoin in the future and even possibly giving credence to very large upward price moves that many pundits have been expecting, due to the diminished supply of BTC. With the inherent nature of cryptocurrency being anonymous by design, many of these coins will likely never be recovered and further add to the value of future bitcoins prices. If ever there was a reason to FOMO, this is a big one… Keep Reading

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