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Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....

GreatGame
Jul 18 2018 at 11:01
10 posts
leo23 - what is your professional / crypto background? You seem to reall know youy stuff

leo23
Jul 19 2018 at 16:36
566 posts
GreatGame posted:
leo23 - what is your professional / crypto background? You seem to reall know youy stuff

I don't have any official educational background on crypto or finance or investing etc. I am neither an active investor or trader in crypto as well.

But I am an active user of Bitcoin for payments from the early stages of Bitcoin development when I didn't even know what Bitcoin was and I never bothered to even check the price of Bitcoin while accepting payment. I am talking about years probably between 2011 and 2012 from which I started using Bitcoin.

The BTC price came to my notice when it reached around 200 USD and before that I was using Bitcoin price probably between 10 USD to 100 USD per BTC.

So roughly I have seen BTC price from 10 USD 100 USD, 100 USD to 1000 USD and finally, 1000 USD to 10,000 USD when actually I created this thread in myfxbook and predicted the BTC price ahead in time when it was around 2500 USD.

I know BTC price will go to 100,000 USD very soon and reach 1 Million USD later on and probably settle around 2 to 3 Million USD within next 5 to 6 years by which entire fiat money will be converted to crypto and there will be 90% crypto transactions and hardly 10% fiat transactions.

I mean the switch of fiat to crypto of total amount of 100 TRILLION to 200 TRILLION USD will happen in coming few years.

I expect at lest 100K per BTC by end of this year and as high as 200K per BTC, but I will not feel guilty if I am wrong in my prediction, because it is my opinion and not any financial advice to anyone to buy or sell cryptos. Because overall I know where the cryptos will lead to and if I am wrong by few months back or forth I don't mind.

For example, last year I expected and predicted the price in this thread to be maximum 10K when it was around 3000 USD and never expected to hit as high as 19.5 K, but it actually hit 19.5 K and later on I predicted the price to go further, but it went to a period of bearish trend and so it is never 100% accurate.

By saying this I want to clarify that I am not holding large chunk of Bitcoin or any other crypto due to which I am doing such predictions. There are few people who think that way though.

I am doing such predictions based on various fundamental factors considering not only finance, but all other latest technologies where these are heading and their behaviour over time. For last 10 years I have been actively researching on most latest technologies of the times which are about to explode and considering all these I am predicting these value.

Though there are many reasons which I already discussed earlier. But fundamentally 2 reasons:
1.Fiat money is controlled and printed by central banks of each country and hence, it is limited demand, but unlimited supply from central banks by money printing. So naturally the unit value or utility value of each currency unit will tend towards zero when there is infinite supply.That's why there are trillions of dollars of national debt pending to be repaid by most countries governments.

2.Most cryptos are fixed in amount and can't be printed or created from nothing. So there is fixed supply, but growing demand.
Though few people argue on this point by considering hard forks as a way to create money, but the unit value of each original crypto is bound to increase because of fixed supply.

But due to the promising technology of Blockchain behind cryptos, the price of cryptos even explod more rapidly.




Artificial General Intelligence
leo23
Jul 19 2018 at 20:49
566 posts
Important Update for crypto investors:
******************************
I just noticed that coinbase has launched it's crypto management fund for large investors. For those who don't know that coinbase is one of the biggest crypto exchange operating from USA.

Coinbase seems to grow it's business too fast, because just few days back when I made the post regarding payment gateway integration, then crypto management fund was not there in the website and hence, I guess it was just launched.

Probably, that is one of the reasons for the recent small price increase in BTC. Because the minimum investment is 250K and hence, a couple of big investors can easily influence the price of BTC.

I don't have much information about that. So please do your own research, but it is a good news for US big investors.

NOTE: I don't have any partnership with coinbase or any other company and I am not a financial adviser to advice investing in crypto or any other company. So do your own research before investing.

Artificial General Intelligence
Adribaasmet
Jul 22 2018 at 06:05
937 posts
leo23 posted:
Important Update for crypto investors:
******************************
I just noticed that coinbase has launched it's crypto management fund for large investors. For those who don't know that coinbase is one of the biggest crypto exchange operating from USA.

Coinbase seems to grow it's business too fast, because just few days back when I made the post regarding payment gateway integration, then crypto management fund was not there in the website and hence, I guess it was just launched.

Probably, that is one of the reasons for the recent small price increase in BTC. Because the minimum investment is 250K and hence, a couple of big investors can easily influence the price of BTC.

I don't have much information about that. So please do your own research, but it is a good news for US big investors.

NOTE: I don't have any partnership with coinbase or any other company and I am not a financial adviser to advice investing in crypto or any other company. So do your own research before investing.


Hello leo; may I know your opinion on Buxcoin? maybe I’m going to invest here (around 1000EUR).

leo23
Jul 22 2018 at 22:55
566 posts
@Adribaasmet
I have no idea about Buxcoin and I never heard of it before and so I can't suggest anything on that.

But if you have done your own research, you can go ahead.

But here are my 3 suggestions to assess any crypto for that matter:
1.The crypto must have at least a past history of 1 year and stability in price or growth in price from the date of public launch event and listing in crypto exchanges.
2.The developers of the crypto team must be public figures and active in social media and media explaining the details and goals of the project and getting positive feedback from real traders
3.The coin should be listed in at least one of the well known crypto exchanges like Binance or Bitfinex or something similar who do their due diligence before listing any coin in their platform.

Then the coin can be considered 70% 80% safe to invest for long term investment, but NOT 100% safe.

Artificial General Intelligence
goyankees85
Jul 23 2018 at 06:56
118 posts
which broker offers the lowest spread on bitcoin? I see the spread being as high as 20usd which is way to much considering how bitcoin is traded now and days.

My avatar explains "social trading" perfectly.
leo23
Jul 24 2018 at 12:51
566 posts
Technical analysis suggests Bitcoin to cross 12.5K quickly may be within next few day or weeks. Let's see.

First, let's see if it can close above 8.5K by end of today, then we can expect a quick rise at least to 12.5K next week.

NOTE: Don't buy or sell Bitcoin based on my advice, because I am not a financial adviser and there is no guarantee on future price of a crypto and hence, do you own research before investing in Bitcoin or any crypto.

Artificial General Intelligence
Adribaasmet
Jul 26 2018 at 06:48
937 posts
leo23 posted:
@Adribaasmet
I have no idea about Buxcoin and I never heard of it before and so I can't suggest anything on that.

But if you have done your own research, you can go ahead.

But here are my 3 suggestions to assess any crypto for that matter:
1.The crypto must have at least a past history of 1 year and stability in price or growth in price from the date of public launch event and listing in crypto exchanges.
2.The developers of the crypto team must be public figures and active in social media and media explaining the details and goals of the project and getting positive feedback from real traders
3.The coin should be listed in at least one of the well known crypto exchanges like Binance or Bitfinex or something similar who do their due diligence before listing any coin in their platform.

Then the coin can be considered 70% 80% safe to invest for long term investment, but NOT 100% safe.


Thank you very much leo for your valuable 3 points; I’ll really consider all of these 3 before investing my money.

ema123
Jul 26 2018 at 07:14
32 posts
Bitcoin has already surpassed its long term downtrend line and with its recent rally above 8k the bullish sentiments still look intact. its just a profit booking going on currently that might extend to $7900 maximum and it rather can be a good buying opportunity for those who missed the previous rally. because Bitcoin is going to 10K for sure very soon.

Szabolcs1985
Jul 26 2018 at 11:37
9 posts
Nothing is for sure when it comes to bitcoin. I see the price going sideways for a bit longer yet.

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