It started 1 month ago and still nobody is trying to save btc from dump
Yes, but believe me it won't last as long as it did in the past because now there are many people who like Bitcoin and apply it in some important ways, so the current market conditions don't last long. I mean there's a lot happening with bitcoin as big name such as Elon Musk affects its price with his impact with the public, the mining takes too much energy so it catches the eyes of the governments, then you have China that keeps knocking cryptocurrencies down bit by bit so it is safe to say that the down trend happens for a reason and might stay if things doesn't change. If everyone started to forget about Elon Musk, bitcoin might retaliate fast since China's blockage to cryptocurrencies won't effect its price for too long, but if there's more negative news to come FUD will still kick in and some will still dump regardless. |
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It will also prove that the old generation of boxers is better than the current generation. It's a legend versus a champion at his peak, it's a big challenge for Spence as he will be facing the legendary in sports of boxing, and he has to win to gain more respect from the fans, but he should fight a clean fight.
This is true even though Pacquiao has the experience advantage Spence Jr. is hungry for a fight, I've seen Pacquiao dominates regardless if its a lose or win you can see that he loves boxing from how he moves and the speed is fascinating. Based on what I saw from Spence Jr. from his recent fight, the phase of the rounds are a bit slow, I hope he can keep up with Pacquiao's pacing since Pacquiao won't slow down from beginning to end so if ever Spence won this fight with a knock out he will be the next superstar of boxing. |
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There is a logical explanation for this.
First, the volatility inherent in digital assets. The fact is that the main goal of every bank is to make a profit. The slightest fluctuation in the cryptocurrency market increases the risk of reducing all projected profits to zero.
Actually in my country bank already works with crypto or rather online wallets, so what happens is that they give features to the wallets to sell their bitcoin to cash it out using banks or atm, by doing this it solves the problem of fluctuation. This is the best way to approach cryptocurrencies as a bank since banks are too busy with stock markets already, and since everything can be accessed online with cryptocurrencies including exchanges going to banks isn't necessarily required so meaning banks has no way of working with cryptocurrencies unless they create projects of their own or create an exchange using their trademarks. |
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Since bitcoin decreases demand as China complete blockage of it, it decreases it value but I don't see it going further down than that. China is a large country and almost worth as US and since Chinas' economy is top tier as well losing investors there created a huge FUD that it cannot sustain its current price. But the thing is even if China didn't block bitcoin it is an inevitable event that bitcoin will decrease its price at a certain point, it normally happens and bitcoin can easily climb back to its peak once all the FUD that was created during the Chinas' blockage to bitcoin ends.
Bitcoin takes a hit from Tesla issue as well so it is understandable that bitcoin falls from $60k to $35k in just a few weeks but right now I don't see it lower than $30k.
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Not to overcomplicate things, it's basically because it is a good investment, it has a good liquidity and has been supported and trusted by the crypto community. As long as the crypto community believes in bitcoin it will constantly go to higher price, bitcoin has solidified its position in cryptocurrencies without market making and it is impressive how its been supported all these years with so many projects going here and there.
Bitcoins DLT became popular and still getting some attention, blockchain technology really is one of the main reason to buy bitcoin, you don't have to use it because others will, and as long as it is being demanded its value will never fade away and will continuously grow, that's why its always a good investment.
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from the current phenomenon because bitcoin has matched real money we use for payments or transactions for purchases, therefore automatically security is more sophisticated, but it's not as safe as cash that we use everyday..
Some countries are still restricted of bitcoin, and only few can actually use it for transactions and most of these countries needed a third party application to do so such as online wallets. I mean right now the only way you might lose your coins is by either sending it to a wrong wallet address forgetting your private key, or losing your hardware wallet either way it feels the same way as cash where you can lose it. So I think cash doesn't necessarily offers more security than bitcoin but I see your point. Bitcoin might need to tighten its security sooner or later since more people will get interested in finding a way to breach it. |
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Elon Musk is kind of weird towards public he always play like some childish game where he wanted the public to look at him as he is trolling but always make sure to come on top, If ever Elon Musk is plotting something it will all end the moment Tesla sold their bitcoin so it is a possibility but it will cut off all possibilities on crypto related for Tesla unless they make sure that the public will trust them that they wouldn't sell it which is hard considering the current situation.
For me selling it is not worth the trouble and if it only decided by Elon Musk and not as a whole company he could've sold it already but if the company's image is involved I don't think it would happen.
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You don't buy coins blindly because it is cheap so you don't get trap. Many projects are dead on arrival and so when you invest, you go down with it . You need proper research before investing on any project.
I agree in what you have said because not all coins in the market is worth to buy and invest. Even a coin is in a dip, you should always do some research and study the market movement of these coins. Don't waste your capital in many worthless coins instead invest wisely. Actually as long as the market cap is healthy there is no reason to worry, you can easily manifest which coin is going to be abandoned or if it cannot recover from a dip, usually I use market cap as an indicator of whether the coin is still worth to buy or not. Yes research is important as well but there are really good coins with good background that fell off and did not recover. |
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Old coins are getting piled up since upcoming projects and updates of newer coins are continuous and enormous, right now the market is driven on a coins' popularity to investors and not its potential, of course buying old coins would still get you some profit but you cannot expect the same profit you'll get from hyped and famous coins. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model.
This is actually so true, but if I had a chance I would rather mine than trade old coins that as good as Primecoin. |
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I mean for millionaires stocks surely a more attractive option, it has a slower phase though consistent market it can take a while if you have a small capital but if you are a big time investor you could consistently gain profit even the smallest movement in market gives you about a hundred to thousand. On the other hand crypto can be more profitable in short term and low capital investments, and that's what big investors are afraid of since you could gain big time or you lose more than you can handle.
Anyways I am sure with the right portfolio every investor can earn regardless of it being stocks or crypto, comfortability is what matters and if you're comfortable earning less but consistently stocks is for you but the problem is you can almost guarantee that you'll regret not investing in crypto as they pump like crazy and cryptos you like goes to moon. I've always seen some hype around crypto than stocks but both has advantages and disadvantages I would say.
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Sometimes just having the courage to place bet can be the difference between winning millions, so if you ask God for luck you wouldn't know if its just your mere luck or it is really a spiritual being intervening in your life. Basically some gamblers that thinks God help them win places a higher stakes of gambling, they are willing to take the risk more often thinking that God will create a way for them to win there's no confirming it but trying it wouldn't cost you anything but seconds of time.
By the way Chinese people likes gambling and they have so many rituals and superstition regarding to gambling and luck, even businesses they see it as gambling and places different artifacts such as waving cat and frog with coins under or Buddha sitting on coins, there is a lot of things that Chinese connects on spiritual beings and I believe whether it is really helping or not it's all about the mindset and being certain on when to bet.
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maybe in their country there are many who mine bitcoin, the government bans botcoins for a while maybe this only lasts temporarily as long as electricity repairs run if electricity is normal then ban it and withdraw it again.
It is true that there is so many people who mines crypto in Iran almost 5% of miners came from them, but the electricity consumption could be critical since the fossil fuels scarcity are pretty rough the governments really have no choice but to take actions and the fact that some can illegally manipulate electricity and use it for mining is affecting their electricity circulation meaning there would always be an outage in some place if there are a lot of miners in one place. Another option is obviously to sell their mining rigs and make the exit.
This is a good option but I think police confiscates some rigs and probably give it back after the problem being solved. |
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Gambling actually is beneficial for economy, casinos' and other gambling establishment pays taxes and provide jobs it's the reason why gambling will always be a part of economy in some country. Illegal gambling on the other hand has no benefits at all, of course there is a reason why it's called illegal. 1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
I don't agree with this, gambling addiction is a problem that caused by the gambler itself. Being a gambling addict is already a mental disorder and it doesn't need to become a depression just to be noticed or treated, if someone is indeed goes to jail because of depression there no way to know that it's the gambling that causes it. The main reason why I disagree is that Gambling is just a factor for depression and with or without Gambling a person can build depression nonetheless, so gambling can be a factor but cannot be a major reason for these crime actions, meaning it eliminates the argument of gambling directly affecting the economy. Gambling does affect the economy directly but not because of this reason. |
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Your bounty might not appear at first its common since only few are automatically registered in metamask and other wallets, but I'm sure you'll still get your bounty since BSC and ERC-20 are basically the same and will be registered your bounty tokens once you receive it.
If you're sure that your bounty tokens are already distributed to everyone including yourself then you should follow this step:
1. Open your metamask wallet
2. At the bottom click add token
3. Try searching the token symbol of the project you participated in, if it appears click it but if not proceed to next step
4. Click the Custom Token right next to search option
5. Find the designated Contract Address of your token then copy paste it in first column
6. Put the token symbol (its the initials of the project e.g. BTC, ETH etc.) on the second column
7. Lastly you should copy and paste the decimals of the token (you can find the decimals from where you found the contract address)
I hope it helps, at first it's kind of confusing because it has so many steps to follow but after doing it once it's hard to forget, so you'll be okay once you successfully claim your first tokens.
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Low volume coins are kind of scary to invest into since low 24h volume means less trades happen daily, if you ever get a profit it would take long if that profit is too high. For example you investment increased for 10-40% it would take some time before selling it all and the reason behind that is having a low volume.
It happened to me where I got a 30% increased of investment only to lose it while my coins are still in order then eventually I just cut the profit in half to sell it on the price offered.
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For some there are online wallets that has an easy convert function so you would use your bitcoin to payments or any other function of a money, I use mine for paying bills but the way it is handled is that I pay the online wallet using bitcoin so basically they're buying my bitcoin to use it for payment. If that counts as usage, but other than investment I don't have a specific use for bitcoin, I would only use it for trading since most trading only has the USD so we need to buy bitcoin or eth first before getting the chance to trade.
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