Trading the cryptocurrencies Bitcoin,Etherium, Litecoin etc....
Member Since Sep 12, 2015
1948 posts
Jan 11, 2018 at 16:44
I have traded Bitcoin and Litecoin many times on contracts with no problems ,over different time frames, buying dips anytime it gets dumped,to me it has no value that's why it is getting pumped and dumped so many times on speculation,when traders form attachments to what there trading it becomes very risky.
"They mistook leverage with genius".
Jan 12, 2018 at 17:47
Just main Central banks prohibit exchange of crypto , what will hapen for sure because banks do not wnat to loose his monopol and cryptos will daown at level that it was last in 2015 maybe less
Do not dream money is power and power is money
that who have the power at this time it's mean Banks who finance politics and majors companys will not die so quick as you think
This is a new war Banks against IT
And it's no problem for banks to react by a big world nuclear war to destroy Crypto system puting the planet under just to keep power
look history all empire make big ware to survive before they die
Do not dream money is power and power is money
that who have the power at this time it's mean Banks who finance politics and majors companys will not die so quick as you think
This is a new war Banks against IT
And it's no problem for banks to react by a big world nuclear war to destroy Crypto system puting the planet under just to keep power
look history all empire make big ware to survive before they die
Jan 14, 2018 at 07:26
NO WAY TO REGULATE or SHUTDOWN CRYPTOS:
*****************************************
There are a lot of fake news in TV and blogs regarding banning cryptos, regulating cryptos etc which is very funny as always and hence, in this post I will make few important points regarding regulation of cryptos.
There were very few ways to shutdown or control or regulate cryptos previously and with the rise of additional 1000 cryptos and more, the options for a ban or shutdown or controlling or regulating crytpos are getting lesser and lesser.
Though I heavily support cryptos and I should not give ideas to others as how to ban cryptos, but I will list out what are the ultimate and final options to ban cryptos and what are the solutions.
Here is the list:
=========
1.Shutdown the electricity supply to the whole world
Solution: Using solar panels for running computers and cryptos can still run with few computers running in the whole world
2.Shutdown the whole internet to the entire world
Solution: Creating a decentralised internet using local area network using individual computers as nodes and many projects of this type already on the way and so cryptos will still run if whole internet supply to the entire world will be shutdown
3.Burn all the hard cash printed for every currency of each country and force everyone to use only online banking/online payment system to track each and every transaction
Solution: Still people will use crypto and even more people will use crypto since they will loose trust from banks. They will use 100% anonymous crypto coins not to be tracked at all.
4.Try to criminalise people who are using cryptos though they can't prove or track
Solution: Then, people will leave that country and live in other countries which supports cryptos or live in their private islands of crypto users and many people have done that. New countries may arise soon.
These are the 4 impractical ways by which governments and banks can try to ban or control crytpos finally, but they can't.
But the most important part is that the big shift or switch from fiat to crypto will happen suddenly and much rapidly, because a big chunk of income tax comes to the government from major companies in the world and they will suddenly go bankrupt due to devaluation of currencies as well as those companies can be overtaken by even small start up competitors who use cryptos.
So either existing companies will have to quickly adopt cryptos and modify their business model or they will go bankrupt. Or if governments will ban using of cryptos, then they will move to other countries and china is the biggest example of it.
Finally, the who point of this post is anyone who is smart enough to see that a handful of people control the entire economy and power of the world for their own benefit, then he will avoid using products and services which are not decentralised. I hope the number of such smart people will increase rapidly in very near future. Of course, there will be some people always who will first choose slavery and will keep complaining why they are slaves. Everyone should ignore them.
So there is no way to ban or regulate cryptos and it's simply a wastage of time from governments. It's just time up for central governments, central banks and big authorities and time to quit.
*****************************************
There are a lot of fake news in TV and blogs regarding banning cryptos, regulating cryptos etc which is very funny as always and hence, in this post I will make few important points regarding regulation of cryptos.
There were very few ways to shutdown or control or regulate cryptos previously and with the rise of additional 1000 cryptos and more, the options for a ban or shutdown or controlling or regulating crytpos are getting lesser and lesser.
Though I heavily support cryptos and I should not give ideas to others as how to ban cryptos, but I will list out what are the ultimate and final options to ban cryptos and what are the solutions.
Here is the list:
=========
1.Shutdown the electricity supply to the whole world
Solution: Using solar panels for running computers and cryptos can still run with few computers running in the whole world
2.Shutdown the whole internet to the entire world
Solution: Creating a decentralised internet using local area network using individual computers as nodes and many projects of this type already on the way and so cryptos will still run if whole internet supply to the entire world will be shutdown
3.Burn all the hard cash printed for every currency of each country and force everyone to use only online banking/online payment system to track each and every transaction
Solution: Still people will use crypto and even more people will use crypto since they will loose trust from banks. They will use 100% anonymous crypto coins not to be tracked at all.
4.Try to criminalise people who are using cryptos though they can't prove or track
Solution: Then, people will leave that country and live in other countries which supports cryptos or live in their private islands of crypto users and many people have done that. New countries may arise soon.
These are the 4 impractical ways by which governments and banks can try to ban or control crytpos finally, but they can't.
But the most important part is that the big shift or switch from fiat to crypto will happen suddenly and much rapidly, because a big chunk of income tax comes to the government from major companies in the world and they will suddenly go bankrupt due to devaluation of currencies as well as those companies can be overtaken by even small start up competitors who use cryptos.
So either existing companies will have to quickly adopt cryptos and modify their business model or they will go bankrupt. Or if governments will ban using of cryptos, then they will move to other countries and china is the biggest example of it.
Finally, the who point of this post is anyone who is smart enough to see that a handful of people control the entire economy and power of the world for their own benefit, then he will avoid using products and services which are not decentralised. I hope the number of such smart people will increase rapidly in very near future. Of course, there will be some people always who will first choose slavery and will keep complaining why they are slaves. Everyone should ignore them.
So there is no way to ban or regulate cryptos and it's simply a wastage of time from governments. It's just time up for central governments, central banks and big authorities and time to quit.
Artificial General Intelligence
Member Since Dec 11, 2015
1487 posts
Jan 15, 2018 at 16:06
Well, South Korea, which is the second largest cryptocurrency market in the world, seems to think they can implement a ban. (https://www.forexbrokerz.com/news/South-Korea-still-on-the-fence-about-cryptocurrency-trading-ban-rattles-markets) Or a the very least they’re considering it. Whether they really will be able to is questionable. If they do, I imagine that there will be a serious crash in the cryptocurrency market. Even so, all crashes are temporary - a crash hardly means an end.
Jan 15, 2018 at 17:23
@mlawson71
I would clarify and repeat that such news articles, blogs, videos, social media posts and tv news are especially used to create a FUD to crash the market temporarily. It is possible to do that because still the market capital is less than 1 TRILLION and new users don't know what to do and they panic and sell in loss and the big players who create the FUD take the advantage to buy at the deep.
The latest example was the JM Daemon who told few months back that Bitcoin is a fraud and after that market crashed and he bought few million dollars of Bitcoin at low price. So I will recommend to stay away from such news especially if you are seriously considering to invest in cryptos in long term.
Now, regarding South Korea, they have already clarified that there is no such ban at all in near future. I don't have an article to post now, but I am posting this comment by doing my own research. After all even if they will try to ban or anyone will try to ban, they can't and I explained in my previous post how to ban or regulate cryptos which is impossible.
If at all some country will try to ban cryptos, then that will be the end of banking system and not the end of crypto. Because crypto is way ahead in terms of technology as compared to banks.
I would clarify and repeat that such news articles, blogs, videos, social media posts and tv news are especially used to create a FUD to crash the market temporarily. It is possible to do that because still the market capital is less than 1 TRILLION and new users don't know what to do and they panic and sell in loss and the big players who create the FUD take the advantage to buy at the deep.
The latest example was the JM Daemon who told few months back that Bitcoin is a fraud and after that market crashed and he bought few million dollars of Bitcoin at low price. So I will recommend to stay away from such news especially if you are seriously considering to invest in cryptos in long term.
Now, regarding South Korea, they have already clarified that there is no such ban at all in near future. I don't have an article to post now, but I am posting this comment by doing my own research. After all even if they will try to ban or anyone will try to ban, they can't and I explained in my previous post how to ban or regulate cryptos which is impossible.
If at all some country will try to ban cryptos, then that will be the end of banking system and not the end of crypto. Because crypto is way ahead in terms of technology as compared to banks.
Artificial General Intelligence
Member Since Dec 11, 2015
1487 posts
Jan 19, 2018 at 16:42
That’s food for thought Leo. I am always interested in regulatory news, because if there are such news and they cause a rattle on the market, I’d rather know.
For example, Bitconnect got shut down. (https://www.forexbrokerz.com/news/Bitconnect-shuts-down-exchange-stops-lending-too) In an announcement from January 16th , the platform said the lending operations are terminated immediately, while the exchange will continue to operate for another five days.
“We are closing the lending operation immediately with the release of all outstanding loans”, BitConnect said. They also said there are three main reasons behind the decision: “continuous bad press”, which has created uneasiness in the community, two cease and desist orders from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. The third reason are “Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue”.
Haven’t there been numerous complaints about them (this exchange in particular) for being a Ponzi scheme? And if they were, isn’t it a good thing they’re shutting down?
For example, Bitconnect got shut down. (https://www.forexbrokerz.com/news/Bitconnect-shuts-down-exchange-stops-lending-too) In an announcement from January 16th , the platform said the lending operations are terminated immediately, while the exchange will continue to operate for another five days.
“We are closing the lending operation immediately with the release of all outstanding loans”, BitConnect said. They also said there are three main reasons behind the decision: “continuous bad press”, which has created uneasiness in the community, two cease and desist orders from the Texas State Securities Board, and one from the North Carolina Secretary of State Securities Division. The third reason are “Outside forces have performed DDos attacks on platform several times and have made it clear that these will continue”.
Haven’t there been numerous complaints about them (this exchange in particular) for being a Ponzi scheme? And if they were, isn’t it a good thing they’re shutting down?
Jan 21, 2018 at 07:43
@mlawson71
To give you direct answers to your questions:
Haven’t there been numerous complaints about them (this exchange in particular) for being a Ponzi scheme?
Yes
And if they were, isn’t it a good thing they’re shutting down?
Yes
Now, keeping aside regarding cryptos, note that in this era of technology even if you want to avoid, you may not be able to avoid continuous flow of information both positive and negative information, right and wrong information to you either by social media, media, news websites etc. There is no 100% guarantee regarding any information to be 100% genuine to through everything what you have and trust in it.
So it depends on you as how fast you process the information to distinguish the right information and misleading information and make the judgement to take how much risk on that what you trust and that is what decides the success.
Regarding cryptos, I really don't understand the logic why should I waste my time in a crypto which is having numerous negative reviews when there are hundreds of other cryptos in which I can spend that amount time to study more before investing. And if at all I invest in a crypto, I will never invest more than 1% of my net worth if I highly trust in it and I don't care if I loose that 1%. Because if I invest that 1% I expect at least 10 times to 100 times gain for that 1% investment which is worth investing now.
Finally, that doesn't mean that someone will just appear in public media like warrent buffet or JM Daemon or Prime minister of a country or whoever he is and start saying about Bitcoin and Etherium as ponzi schemes, then I will just laugh at them, because they don't know anything what they are talking about. It's like a Biology teacher teaching students about Quantum mechanics.
Because I know what Bitcoin and Etherium are not just from my study, but I use them for transaction and it is not about investing. At the same time I simply don't ignore what someone says, because it might have temporary impacts on markets.
To give you direct answers to your questions:
Haven’t there been numerous complaints about them (this exchange in particular) for being a Ponzi scheme?
Yes
And if they were, isn’t it a good thing they’re shutting down?
Yes
Now, keeping aside regarding cryptos, note that in this era of technology even if you want to avoid, you may not be able to avoid continuous flow of information both positive and negative information, right and wrong information to you either by social media, media, news websites etc. There is no 100% guarantee regarding any information to be 100% genuine to through everything what you have and trust in it.
So it depends on you as how fast you process the information to distinguish the right information and misleading information and make the judgement to take how much risk on that what you trust and that is what decides the success.
Regarding cryptos, I really don't understand the logic why should I waste my time in a crypto which is having numerous negative reviews when there are hundreds of other cryptos in which I can spend that amount time to study more before investing. And if at all I invest in a crypto, I will never invest more than 1% of my net worth if I highly trust in it and I don't care if I loose that 1%. Because if I invest that 1% I expect at least 10 times to 100 times gain for that 1% investment which is worth investing now.
Finally, that doesn't mean that someone will just appear in public media like warrent buffet or JM Daemon or Prime minister of a country or whoever he is and start saying about Bitcoin and Etherium as ponzi schemes, then I will just laugh at them, because they don't know anything what they are talking about. It's like a Biology teacher teaching students about Quantum mechanics.
Because I know what Bitcoin and Etherium are not just from my study, but I use them for transaction and it is not about investing. At the same time I simply don't ignore what someone says, because it might have temporary impacts on markets.
Artificial General Intelligence
Jan 21, 2018 at 07:51
One of my favourite cryptos waiting for long time to launch is finally active now and it's SingularityNet(AGI). It's my favourite not due to investment purpose and I have not invested anything in it, because I already missed the ICO though I got the opportunity to participate, but the main reason is due to the 'Artificial General Intelligence(AGI)' technology involved in it.
This is one of the technologies which can revolutionise the whole world so quickly and so fast which is almost impossible to comprehend at this time how future will look like after 5 to 10 years from now if they will implement everything as per their plan.
I have not done thorough research on it's cryptocurrency utility, but I just know that it will be used for AI service. But I am waiting for any practical applications to be launched by their team to be available for common public to use. So definitely a good crypto and a good technology to keep an eye on it.
This is one of the technologies which can revolutionise the whole world so quickly and so fast which is almost impossible to comprehend at this time how future will look like after 5 to 10 years from now if they will implement everything as per their plan.
I have not done thorough research on it's cryptocurrency utility, but I just know that it will be used for AI service. But I am waiting for any practical applications to be launched by their team to be available for common public to use. So definitely a good crypto and a good technology to keep an eye on it.
Artificial General Intelligence
Member Since Dec 11, 2015
1487 posts
Jan 21, 2018 at 15:10
@leo23 I wish the Myfxbook forum had a 'thumbs up' or 'like' function so I could do that with your posts. You're always willing to explain things in detail. Thank you.
Member Since Dec 11, 2015
1487 posts
Jan 29, 2018 at 15:20
Over the weekend it was revealed that CoinCheck’s hot wallet was hacked and client funds in XEM coins, native to the NEM blockchain, worth $530 million were stolen, making it the largest heist in cryptocurrency history so far. (https://www.forexbrokerz.com/news/Coincheck-execs-don-t-admit-security-flaws)
So far the the executives of the Japanese cryptocurrency exchange refused to admit security flaws.
At a news conference on Sunday, the CEO of CoinCheck and several other executives told reporters that the exchange is planning to refund its clients and resume trading, without revealing further details. In fact, it seems, at this point there are no specific plans and nobody at Coincheck knows how exactly the funds were stolen.
So far the the executives of the Japanese cryptocurrency exchange refused to admit security flaws.
At a news conference on Sunday, the CEO of CoinCheck and several other executives told reporters that the exchange is planning to refund its clients and resume trading, without revealing further details. In fact, it seems, at this point there are no specific plans and nobody at Coincheck knows how exactly the funds were stolen.
May 06, 2018 at 06:53
I will be making some very important posts in coming days or weeks regarding very good news for long term crypto holder and few very bad news about fiat holder and forex traders.
I am not telling this because Bitcoin and other cryptos are rising, because I am always bullish even when Bitcoin was way below 7K. For me only when Bitcoin will cross some key price zones like 14K and finally crossing 21K and settle there, then it will have some major value for me and we can expect tremendous and rapid growth in overall crypto market from there.
My near term future posts will be about long term future of crypto market and forex market and not about price predictions. Few things I have already mentioned before in this thread, but these are so important facts as well as contradictory which are easy to dismiss or commented by sceptics, but I will repeat and reconfirm so that at least few of the readers will get enormous value out of it in future.
We are going through a time in history in which some radical changes in current financial structures and the way money and currency functions are about to change which will change almost everything within a couple of years may be 5 to 6 years in the entire world and hence, those need to be attended as an emergency instead of sleeping in the same old dream.
For future price predictions of Bitcoin and other cryptos, I have another thread here in which anyone can share their thoughts:
https://www.myfxbook.com/community/general/1-btc200000-usd-by-end/1585856,1
I am not telling this because Bitcoin and other cryptos are rising, because I am always bullish even when Bitcoin was way below 7K. For me only when Bitcoin will cross some key price zones like 14K and finally crossing 21K and settle there, then it will have some major value for me and we can expect tremendous and rapid growth in overall crypto market from there.
My near term future posts will be about long term future of crypto market and forex market and not about price predictions. Few things I have already mentioned before in this thread, but these are so important facts as well as contradictory which are easy to dismiss or commented by sceptics, but I will repeat and reconfirm so that at least few of the readers will get enormous value out of it in future.
We are going through a time in history in which some radical changes in current financial structures and the way money and currency functions are about to change which will change almost everything within a couple of years may be 5 to 6 years in the entire world and hence, those need to be attended as an emergency instead of sleeping in the same old dream.
For future price predictions of Bitcoin and other cryptos, I have another thread here in which anyone can share their thoughts:
https://www.myfxbook.com/community/general/1-btc200000-usd-by-end/1585856,1
Artificial General Intelligence
Member Since Sep 12, 2015
1948 posts
May 06, 2018 at 11:56
mlawson71 posted:
Over the weekend it was revealed that CoinCheck’s hot wallet was hacked and client funds in XEM coins, native to the NEM blockchain, worth $530 million were stolen, making it the largest heist in cryptocurrency history so far. (https://www.forexbrokerz.com/news/Coincheck-execs-don-t-admit-security-flaws)
So far the the executives of the Japanese cryptocurrency exchange refused to admit security flaws.
At a news conference on Sunday, the CEO of CoinCheck and several other executives told reporters that the exchange is planning to refund its clients and resume trading, without revealing further details. In fact, it seems, at this point there are no specific plans and nobody at Coincheck knows how exactly the funds were stolen.
Warren Buffet compared it to 'rat poison squared', at the recent Berkshire Hathaway annual meeting.
"They mistook leverage with genius".
Member Since Aug 27, 2017
994 posts
May 06, 2018 at 13:33
leo23 posted:
I will be making some very important posts in coming days or weeks regarding very good news for long term crypto holder and few very bad news about fiat holder and forex traders.
I am not telling this because Bitcoin and other cryptos are rising, because I am always bullish even when Bitcoin was way below 7K. For me only when Bitcoin will cross some key price zones like 14K and finally crossing 21K and settle there, then it will have some major value for me and we can expect tremendous and rapid growth in overall crypto market from there.
My near term future posts will be about long term future of crypto market and forex market and not about price predictions. Few things I have already mentioned before in this thread, but these are so important facts as well as contradictory which are easy to dismiss or commented by sceptics, but I will repeat and reconfirm so that at least few of the readers will get enormous value out of it in future.
We are going through a time in history in which some radical changes in current financial structures and the way money and currency functions are about to change which will change almost everything within a couple of years may be 5 to 6 years in the entire world and hence, those need to be attended as an emergency instead of sleeping in the same old dream.
For future price predictions of Bitcoin and other cryptos, I have another thread here in which anyone can share their thoughts:
https://www.myfxbook.com/community/general/1-btc200000-usd-by-end/1585856,1
Thanks a lot leo23 for your time! I always check your new post on BTC threads. Keep it up with the good job.
Member Since May 08, 2018
10 posts
May 08, 2018 at 11:27
I'm not so sure that crypto will be the future as you expect. For it to really be mainstream then the price needs to be less volatile. Maybe when that happens.....
May 16, 2018 at 06:34
Hello Everyone!!!
As I mentioned in my previous post to make one very important post and here I am with this post
This post is probably one of the most important post in which I will repeat some of the old things which I mentioned and clarify again some fundamental hard facts which everyone has to be face in coming future within a couple of years may be within 5 to 6 years and so this post is oriented towards getting prepared for it and it is not about making profit from crypto.
Again, these facts are so contradictory so that it is very easy to dismiss by a sceptics and hence, I am repeating again. Many can say these are bold claims, but yes I am sure and I know what I am talking about.
Though this is a cryptocurrency trading thread, but when I say crypto trading I mean 'HOLDING Cryptocurrency' for long term safety of your financial future after economic collapse of every country. I am NOT referring to day trading here to make quick money. So I will put a comparison of crypto, forex and general financial future of everyone in this post. So please read the post carefully and educate your loved once whom you care for to get prepared for future.
Few Future Warnings:
*****************
1.If you still don't own any cryptocurrency at all of any type and only relying on your daily job or saving or may be your hard assets like property etc, then your financial future may be completely at risk within a couple of years and it's a fact. Because your lifetime savings of last 10 years or 20 years or 30 years may mean nothing at that time and may evaporate as dust irrespective of whichever country you belong to once the financial collapse of all countries will start one by one. The entire financial structure and concept of money is about to change so fast that by the time everyone tries to jump into it, it may be too late for you to jump in.
2. There will be no such thing as forex trading within a matter of 6 to 8 years from now, because there will be no banks there to provide liquidity to forex brokers. So if you are already making money in forex, then make it as quickly as possible and think of some other profession if you are a manual forex trader now.If you trying to succeed in forex, then you are definitely wasting your time and money in forex.
3.If at all there will be any forex trading here and there with few brokers, still it is 99% sure that you will fail in manually trading forex, because artificial intelligence and machine learning will 100% takeover the forex market which means 0% chance for human professional traders to trade and make money from forex market. If you own a hedge fund with super computers running machine learning algorithms, then still I doubt if you can cover up the maintenance cost with the profits you make.
4.If you don't have crypto as well as any hard assets like gold or property of your own after 6 years, then probably survival may be difficult for you and you might have to start a living the same way you have started when you worked for your first job. But then, no jobs will be left since artificial intelligence will anyway take away 70% of jobs within 6 to 8 years of time.
5.Finally, there will be no such entities like banks after 6 to 8 years and if at all there will be few banks in few countries for some reason, then you must not put your money there, because just one guy can hack a bank server using his computer and that powerful the computers will be and the bank may not have any clue of it.
6. If still you decide to keep money in banks and trade forex, then you will get negative interest rate in banks which means you have to pay interest to the banks to keep your money safe which is not safe obviously. It means instead of getting interest, you have to pay interest to banks and hence, your choice to keep money in bank or not. Also, in trading you have to pay the forex broker fees to just keep your mt4 or mt5 account active which has started happening very few brokers now.
There are many scary things coming in couple of years, but I would like to focus only on finance for now in this thread....
Good news for crypto and blockchain lovers:
***********************************
1. If you hold any valuable crypto with practical use case and which is not a scam or ponzi scheme, then you need to hold without being panic during the economic collapse of huge ups and downs in crypto marlet. If you hold the cryptos, then there is a 80% chance that your money value will simply exponentially grow year after year though few months may go in drawdown without you actually doing anything. Few examples are like hard forks, or lending cryptos and getting money as interest etc.
2.Many blockchanin based decentralised platforms will be available very soon through which you can get paid in cryptos by making comments, posts, sharing feedbacks.
3. Using blockchain based social network applications not only your personal data will be safe, but also you will be paid for your every contribution to the network which you are doing for free now in all social medial applications.
4.You can simply get paid in crypto by keeping your mobile or laptop on for sometime and sharing to the network to create a decentralised internet.
5.Using cryptocurrency and blockchain based finance applications, your money will be much secure and safe in your dedicated hard wallet like mobile phone or flash drive against all the social engineered hacks which can be performed using artificial intelligence. All other form of digital money or fiat money will be at the risk of hacking as long as they are based on a centralised server like bank server and just one hacker can do this from one computer after 5 years.
There are many more things to tell, but for this post this is enough to summarise and repeat. I may post more stuff later. For price predictions of cryptos refer to my other thread.
As I mentioned in my previous post to make one very important post and here I am with this post
This post is probably one of the most important post in which I will repeat some of the old things which I mentioned and clarify again some fundamental hard facts which everyone has to be face in coming future within a couple of years may be within 5 to 6 years and so this post is oriented towards getting prepared for it and it is not about making profit from crypto.
Again, these facts are so contradictory so that it is very easy to dismiss by a sceptics and hence, I am repeating again. Many can say these are bold claims, but yes I am sure and I know what I am talking about.
Though this is a cryptocurrency trading thread, but when I say crypto trading I mean 'HOLDING Cryptocurrency' for long term safety of your financial future after economic collapse of every country. I am NOT referring to day trading here to make quick money. So I will put a comparison of crypto, forex and general financial future of everyone in this post. So please read the post carefully and educate your loved once whom you care for to get prepared for future.
Few Future Warnings:
*****************
1.If you still don't own any cryptocurrency at all of any type and only relying on your daily job or saving or may be your hard assets like property etc, then your financial future may be completely at risk within a couple of years and it's a fact. Because your lifetime savings of last 10 years or 20 years or 30 years may mean nothing at that time and may evaporate as dust irrespective of whichever country you belong to once the financial collapse of all countries will start one by one. The entire financial structure and concept of money is about to change so fast that by the time everyone tries to jump into it, it may be too late for you to jump in.
2. There will be no such thing as forex trading within a matter of 6 to 8 years from now, because there will be no banks there to provide liquidity to forex brokers. So if you are already making money in forex, then make it as quickly as possible and think of some other profession if you are a manual forex trader now.If you trying to succeed in forex, then you are definitely wasting your time and money in forex.
3.If at all there will be any forex trading here and there with few brokers, still it is 99% sure that you will fail in manually trading forex, because artificial intelligence and machine learning will 100% takeover the forex market which means 0% chance for human professional traders to trade and make money from forex market. If you own a hedge fund with super computers running machine learning algorithms, then still I doubt if you can cover up the maintenance cost with the profits you make.
4.If you don't have crypto as well as any hard assets like gold or property of your own after 6 years, then probably survival may be difficult for you and you might have to start a living the same way you have started when you worked for your first job. But then, no jobs will be left since artificial intelligence will anyway take away 70% of jobs within 6 to 8 years of time.
5.Finally, there will be no such entities like banks after 6 to 8 years and if at all there will be few banks in few countries for some reason, then you must not put your money there, because just one guy can hack a bank server using his computer and that powerful the computers will be and the bank may not have any clue of it.
6. If still you decide to keep money in banks and trade forex, then you will get negative interest rate in banks which means you have to pay interest to the banks to keep your money safe which is not safe obviously. It means instead of getting interest, you have to pay interest to banks and hence, your choice to keep money in bank or not. Also, in trading you have to pay the forex broker fees to just keep your mt4 or mt5 account active which has started happening very few brokers now.
There are many scary things coming in couple of years, but I would like to focus only on finance for now in this thread....
Good news for crypto and blockchain lovers:
***********************************
1. If you hold any valuable crypto with practical use case and which is not a scam or ponzi scheme, then you need to hold without being panic during the economic collapse of huge ups and downs in crypto marlet. If you hold the cryptos, then there is a 80% chance that your money value will simply exponentially grow year after year though few months may go in drawdown without you actually doing anything. Few examples are like hard forks, or lending cryptos and getting money as interest etc.
2.Many blockchanin based decentralised platforms will be available very soon through which you can get paid in cryptos by making comments, posts, sharing feedbacks.
3. Using blockchain based social network applications not only your personal data will be safe, but also you will be paid for your every contribution to the network which you are doing for free now in all social medial applications.
4.You can simply get paid in crypto by keeping your mobile or laptop on for sometime and sharing to the network to create a decentralised internet.
5.Using cryptocurrency and blockchain based finance applications, your money will be much secure and safe in your dedicated hard wallet like mobile phone or flash drive against all the social engineered hacks which can be performed using artificial intelligence. All other form of digital money or fiat money will be at the risk of hacking as long as they are based on a centralised server like bank server and just one hacker can do this from one computer after 5 years.
There are many more things to tell, but for this post this is enough to summarise and repeat. I may post more stuff later. For price predictions of cryptos refer to my other thread.
Artificial General Intelligence
May 29, 2018 at 12:43
We can expect a good crypto market bull run as well as BTC bull run starting from June as usual. But as I mentioned few times in my threads, I will consider the BTC bull run only after it crosses above 21K and settles above that price range for few days.
Artificial General Intelligence
Jun 05, 2018 at 13:46
Bitcoin is facing a key test to climb above the immediate resistance of $7600 sustainably. Above this level, it has to target the long term trend line level of $7800 once the bulls are back in action.
However, the downside suggests that the major is holding on to $7350 level of support from where it could turn upside. But if it fails to do so, we can expect a drop till $7200.
However, the downside suggests that the major is holding on to $7350 level of support from where it could turn upside. But if it fails to do so, we can expect a drop till $7200.
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Jun 08, 2018 at 07:55
Many people who have bought BTC at 15K or 20K and still holding are hoping for the recovery of the BTC price to 20K or 30K by end of this year to quickly sell off because they think Bitcoin price may crash again at such resistance levels.
But I see a different picture what I will share here.
The way Bitcoin price has behaved and progressed from its origin of last 9 to 10 years from now, considering everything the current BTC price was supposed be anywhere between 40K to 60K at this point of time in June 2018. So it is undervalued for at least 6 to 10 times at this point of time and almost preparing for the biggest explosion ever in terms of rate of Bitcoin price increase and Bitcoin price itself after which it will probably never return to any such price levels the way it never returned to 1K or 2K.
So what I see in the future is once it crosses the 20K resistance level, it may not see the following resistance at 50K or 60K and straight climb upto 100K or more or at least around 80K or 90K it may find major resistance. It can happen in coming months by end of this year 2018. If it doesn't happen, then few more fundamental things need to be taken into consideration next year.
Before that BTC price has to cross 3 major psychological resistance levels like 10K, 15K and 20K and has to settle above 21K for few days. Then, any such resistance levels like 30K, 40K, 50K, 60K may not even work further. We can consider next resistance levels in terms of 100K , 200K,300K etc either in this year or next year.
But I see a different picture what I will share here.
The way Bitcoin price has behaved and progressed from its origin of last 9 to 10 years from now, considering everything the current BTC price was supposed be anywhere between 40K to 60K at this point of time in June 2018. So it is undervalued for at least 6 to 10 times at this point of time and almost preparing for the biggest explosion ever in terms of rate of Bitcoin price increase and Bitcoin price itself after which it will probably never return to any such price levels the way it never returned to 1K or 2K.
So what I see in the future is once it crosses the 20K resistance level, it may not see the following resistance at 50K or 60K and straight climb upto 100K or more or at least around 80K or 90K it may find major resistance. It can happen in coming months by end of this year 2018. If it doesn't happen, then few more fundamental things need to be taken into consideration next year.
Before that BTC price has to cross 3 major psychological resistance levels like 10K, 15K and 20K and has to settle above 21K for few days. Then, any such resistance levels like 30K, 40K, 50K, 60K may not even work further. We can consider next resistance levels in terms of 100K , 200K,300K etc either in this year or next year.
Artificial General Intelligence
Jun 23, 2018 at 09:17
(edited Jun 23, 2018 at 09:20)
Many fundamental positive things are happening in the crypto sphere, but still markets are going down. So I thought to give an update to everyone.
Before that I have to address that the markets can go even further down and there must not be any surprise for long term holder of cryptos.
At this time the whole crypto market and all crypto related platforms are preparing to handle a multi trillion market capital within coming few months or maximum 1 year. I am referring to at least a total market capital of 5 to 7 Trillion USD in coming few months.
So someone who is only dealing with technical analysis may be panicking without understanding the fundamentals. Many regulations have been coming into crypto world to create a healthy atmosphere for the institutional money to come into the markets. Trillions will not come without a strong base of trust of safety of funds.
I will not name any funds names, but there are multiple crypto funds as well as Bitcoin ETFs are about to be launched in coming months which can drive the market into trillions.
It is important for everyone to know that because before such a huge rally multiple dips are bound to happen so that weak hands will get out of the markets and only long term holders will stay in the game.
Before that I have to address that the markets can go even further down and there must not be any surprise for long term holder of cryptos.
At this time the whole crypto market and all crypto related platforms are preparing to handle a multi trillion market capital within coming few months or maximum 1 year. I am referring to at least a total market capital of 5 to 7 Trillion USD in coming few months.
So someone who is only dealing with technical analysis may be panicking without understanding the fundamentals. Many regulations have been coming into crypto world to create a healthy atmosphere for the institutional money to come into the markets. Trillions will not come without a strong base of trust of safety of funds.
I will not name any funds names, but there are multiple crypto funds as well as Bitcoin ETFs are about to be launched in coming months which can drive the market into trillions.
It is important for everyone to know that because before such a huge rally multiple dips are bound to happen so that weak hands will get out of the markets and only long term holders will stay in the game.
Artificial General Intelligence
