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

Finally, BTC has started trading above 8000 USD/BTC. I congratulate all who bought BTC at 3000 USD as per my first prediction in this thread.

It is very funny for me that in this discussion thread I exactly predicted the price to reach 6K,7K,8K to reach within next 2 to 3 months when the BTC price reached 3000 USD/BTC few months back and that is exactly what happened.

One guy was telling that BTC will be dead etc etc and he never appeared again in this thread. Someone just asked why I think so regarding the BTC price increase and I explained a some of the fundamental reasons why BTC price will increase though sudden deeps may happen every now and then.

If anyone interested in Bitcoin, then he can read all my comments in this thread which might be helpful.

Along with BTC sideways other cryptos like Etherium, Dash, Litecoin are also trying to emerge rapidly following BTC price. There is long way to go for crypto market uplift. Still it is trading around 255 BILLION USD of total market capital for all cryptocurrencies.

BTC price is still oscillating 8000 USD/BTC which I think will continue till end of the year or may be a spike to 9K might be possible. I think before reaching 9k may be around 8800 it will bounce back to 7500 USD or 8000 USD again by end of this year.

But huge volatility is expected ahead as the price will increase further at the same time big price dips may happen. Also, Bitcoin cash may give huge volatility in coming future.

What do you think about security though? This week there was yet another hack and a heist of $31 million in Tether cryptocurrency (https://www.forexbrokerz.com/news/31mln-worth-of-Tether-coins-get-stolen-developers-freeze-assets), which in turn caused Bitcoin to drop sharply on Monday before it continued rallying. This is hardly the first such heist and I doubt it will be the last, unfortunately. It's one thing to lose money because you don't know how to trade cryptocurrencies, it's another to just get robbed.

mlawson71 posted:
What do you think about security though? This week there was yet another hack and a heist of $31 million in Tether cryptocurrency (https://www.forexbrokerz.com/news/31mln-worth-of-Tether-coins-get-stolen-developers-freeze-assets), which in turn caused Bitcoin to drop sharply on Monday before it continued rallying. This is hardly the first such heist and I doubt it will be the last, unfortunately. It's one thing to lose money because you don't know how to trade cryptocurrencies, it's another to just get robbed.

For this I can give an obvious and clear answer that the hacks will continue to happen and may increase in number in future because of some obvious reasons. Probably, that is one of the main reasons why regular public still hesitate to use cryptos as a replacement for fiat currency for day today transactions.

If anyone is interested, then I will explain in details what are the reason behind security threats and how to protect yourself in case if you are planning for a long term investment in cryptos.

If you have the time and energy to do so, please do. I, personally, would love to read that explanation. I don't know much about the matter.

Just a quick update for everyone. Violating my previous expectations where I mentioned BTC to reach 9K by end of this year, BTC has finally surpassed value 9K so quickly and about to reach 10K. Now it is around 9700 USD/BTC.

Now, after crossing 10K, we need to wait for the market to stabilise and stay above 10k for sometime. After that probably there will not be be any 1K daily movement, rather in one day more than 3K or 5K movement will be common which means huge volatility in terms of few thousand dollars per day is possible.

Looking into the current rate I think I should revise my previous price projections for the future which were very conservative. It should not be a surprise if the BTC price will reach 100K by end of 2018 which I previously told to be 30K by end of 2018.

@mlawson71
I will explain in detail regarding the security in my future posts.

leo23 posted:
Just a quick update for everyone. Violating my previous expectations where I mentioned BTC to reach 9K by end of this year, BTC has finally surpassed value 9K so quickly and about to reach 10K. Now it is around 9700 USD/BTC.

Now, after crossing 10K, we need to wait for the market to stabilise and stay above 10k for sometime. After that probably there will not be be any 1K daily movement, rather in one day more than 3K or 5K movement will be common which means huge volatility in terms of few thousand dollars per day is possible.

Looking into the current rate I think I should revise my previous price projections for the future which were very conservative. It should not be a surprise if the BTC price will reach 100K by end of 2018 which I previously told to be 30K by end of 2018.

@mlawson71
I will explain in detail regarding the security in my future posts.

I am looking forward to that, thank you!

I could not even think crypto-currencies could live. Because it is unclear who controls them, it is not completely clear how it works.
Actually I expected that only losers would invest money there, and then lose everything withing 1-2 years.
And it turns out so all of us, including me, are losers, who did not invest money there earlier.
To invest now is very risky, since the rate of 1:10K is too high a threshold. I will watch further this thread with interest and crying over spilt milk.

leo23 posted:
Just a quick update for everyone. Violating my previous expectations where I mentioned BTC to reach 9K by end of this year, BTC has finally surpassed value 9K so quickly and about to reach 10K. Now it is around 9700 USD/BTC.

Now, after crossing 10K, we need to wait for the market to stabilise and stay above 10k for sometime. After that probably there will not be be any 1K daily movement, rather in one day more than 3K or 5K movement will be common which means huge volatility in terms of few thousand dollars per day is possible.

Looking into the current rate I think I should revise my previous price projections for the future which were very conservative. It should not be a surprise if the BTC price will reach 100K by end of 2018 which I previously told to be 30K by end of 2018.

@mlawson71
I will explain in detail regarding the security in my future posts.

It seems to me Bitcoin does what you say. 😈 😁
If bitcoin will reach 100K by the end of 2018, we need to invest now and wait.

NoahB posted:

leo23 posted:
Just a quick update for everyone. Violating my previous expectations where I mentioned BTC to reach 9K by end of this year, BTC has finally surpassed value 9K so quickly and about to reach 10K. Now it is around 9700 USD/BTC.

Now, after crossing 10K, we need to wait for the market to stabilise and stay above 10k for sometime. After that probably there will not be be any 1K daily movement, rather in one day more than 3K or 5K movement will be common which means huge volatility in terms of few thousand dollars per day is possible.

Looking into the current rate I think I should revise my previous price projections for the future which were very conservative. It should not be a surprise if the BTC price will reach 100K by end of 2018 which I previously told to be 30K by end of 2018.

@mlawson71
I will explain in detail regarding the security in my future posts.

It seems to me Bitcoin does what you say. 😈 😁
If bitcoin will reach 100K by the end of 2018, we need to invest now and wait.

Your statement 'It seems to me Bitcoin does what you say.' is very funny...hahaha...Thanks for your support:))))

But the statement is somewhat true also till now at least from the beginning of this thread.

Few months back when I told that BTC price will go 6K,7K,8K within few months when it hit to 3K, then one guy suddenly appeared and told that it will die etc etc and later on he never appeared in this thread.

But someone asked me why do I think so and hence, I explained some fundamental reasons and you can read the entire thread to understand everything before investing anything in Bitcoin.

Of course, there is no guarantee that it will go 100K by 2018, but it can also reach to 2K or 1K even at anytime, but all I know that it will not die and will not go to zero and that's all I know and if you can handle that risk, then 1 BTC can make everyone a millionare within 2 to 3 years, because my target is 1 Million/BTC and it is not 100K per BTC.

WHY 1 MILLION/BTC?
Because Bitcoin is the FIRST, DECENTRALISED, CRYPTOCURRENCY of the world based on the world revolutionary technology called BLOCKCHAIN technology of having FIXED supply of 21 million Bitcoins in total. These are the 5 fundamental reasons in bold letters why BTC will be 1 MILLION/BTC.

BTC has now settled over 10,000 USD per BTC. In fact, as I mentioned in my previous posts now the price volatility per day has crossed more than 1K per day.

Now we can expect a price movement of 3K,4K or even 6K per day. My next target will be 20,000 USD per BTC by end of January 2018. If it can hit before end of this year, it will be great, but will expect maximum till 16K or 18K by end of this year.

In this post I mention some security measures to protect cryptos. This is broad topic and hence, there is no 100% guaranteed method to protect and hence, I will explain few common and advanced techniques in my experience Also, I will keep posting more security tips in my future posts.

Common steps:
************
1.You should always make sure that your computer is always updated as well as your anti-virus must be updated and a paid antivirus is always better. It is better not to use antivirus rather than using a free anti virus which may act as virus. But for windows 10 , the windows defender should work fine.
2.Always keep your private keys safe with you.
3.Always, try to use the basis software or the core software of every cryptocurrency from the official website.
4.Try to avoid using any exchanges to store crypto. Exchanges are always for exchanging cryptos, but for storing cryptos only the original software should be used like for example for Bitcoin use the Bitcoin core software from bitcoin.org website.

Now, few advanced tips from my experience.
1.Never keep all your cryptos in one wallet or one exchange or any one source by which in case if you loose or someone hacks into it by any means, then all money will be gone. So diversification is the 99% guaranteed way to protect at least 60 to 70% of your cryptos. If you diversify your cryptos in different wallets at least 2 to 3 wallets so that in case of any emergency or hack you will not loose everything.
2. If you are serious about investing in cryptos, then try to assign a dedicated computer or laptop where you use only cryptos and never ever access any website or email or anything from that computer or laptop in order to completely avoid any chances of cyber attack. Keep that computer always offline except for the time when you want to send or receive cryptos.
3. Also, it is better to diversify the investment in various other crytos instead of putting all money in one crypto to protect yourself from a blockchain hack if it happens in future. It is difficult, but still to avoid such a situation and to bring more safety diversifying the investment in multiple cryptos will be better.

BTC has almost reached 12K USD per BTC. Let's see if it can hit 16K by end of this year.

It has made sufficient movement this year, but even much big moves to expect from January.

@leo23 Thank you so much for all this advice. Some of it I knew, some of it never occurred to me. I've long used free anti-virus software and I trusted it, now I need to think about alternatives. :(

Never use the free stuff. There is a reason it is free

@mlawson71

You are welcome. But if you are using a free anti-virus from a branded and well known company, then it should work fine though there is no guarantee even with a paid antivirus as long as you are keeping it up to date.

@everyone

Now, BTC price is nearly 15K now. I hope it will hit my nearest target 16K by end of this year or may be even hit my next target 18K.

These are the two price zones. If it hits 16K by end of December, then I will expect a price high of at least 30K by end of January and if it hits 18K, then I will expect a price high of 35K by end of January.

@leo23 can you share your insights regarding the issue surrounding bitfinex and tether?

leo23 posted:
BTC has almost reached 12K USD per BTC. Let's see if it can hit 16K by end of this year.

It has made sufficient movement this year, but even much big moves to expect from January.

The uptrend is very strong; no big rejection yet! So, it can go for more and more.

Hzardous posted:
@leo23 can you share your insights regarding the issue surrounding bitfinex and tether?

I am sorry I don't have more information about the issue. I just read somewhere regarding the security issues in Bitfinex related to tether, but I forget what exactly it is and I ignored it, because I rarely use Tether and also, very few times used Bitfinex.

But I will repeat for everyone is 'NEVER STORE ANY CRYPTO IN ANY EXCHANGE'. I mean crypto exchange is for exchanging cryptos, but not for storing. Cryptos must be stored only in official wallet of the original coin or best option is to store in a hard wallet.

As I mentioned here in this thread regarding security few days back that hacks will continue to happen and unfortunately, yesterday 65 MILLION USD worth of Bitcoin hack happened which is around 4700 BTC from a mining company called nicehash.

Since BTC price has now reached around 16K and most probably reach 18K also may be within few days or weeks and hence, more demand and more price increase and even more hacks may happen.

My next BTC target of course is 20K per BTC within few weeks, but I have to see if it can reach within this month, but most probably 18K can be easily reached.

I'd like to know your thoughts on Steem. I see that it has had good performance would be good to invest in it?