if you want to invest well in bitcoin / others coins then buy as much as possible when the price dips. it's always DWYOR. An investor certainly doesn't want to think about things like indicators. Investors are only people who have large capital and are looking for profits. Becoming a trader is the right thing when the bitcoin price is stable. if bitcoin is being dumped then you should do a limit order of -10% to -30% . patiently waiting for it to be executed. it's better that you don't get coins than you lose money.
For an investor, I don't think you need a stop loss, because it aims for the long term, until the coin records and forms a new ATH. it is different with trading, in my opinion stoploss is a tool that must be used because we will not allow floating minus to last long, especially for day traders. |
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In my opinion, in order to be financially free and successful in life, the first thing to have is knowledge, in this modern society the most important thing is that when we are young we should choose a working environment. It's a good place where you can learn from experience and develop your full potential. When you have accumulated enough knowledge and life experience, the road to success will come to you
Knowledge and experience are needed to succeed in life, unfortunately many people are not patient to learn, they feel comfortable with the current situation so that when times change they cannot follow and fail because they are late in learning. People are different when it comes to their targets or goals in life.Some would just be satisfied on what they are having currently but there are people who do really like to progress their life and achieve their goals even though its hard but as long you do have plans and do the hard work and make effort then you would really be having the chance for it to happen at least you do try out compared to those who have done nothing.Its a matter of choice neither you do get contented on becoming poor or would like at least on having a good life in terms of finances and needs. blessed are those who come from rich people, of course more facilitated to develop their wealth, but on one condition they must have good knowledge. but for those who don't have business capital, then don't worry, because capital of intelligence and knowledge is much more important to get success, and the positive thing is that we will go through a lot of experience to develop a business |
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Yes Bitcoin is absolutely better than Fiat. Cryptocurrencies such as Bitcoin are not immensely more stable than Fiat currency but they are also safe. According to the crypto specialists Bitcoin will supplant Fiat currency very soon.
Bitcoin is indeed a great Cryptocurrency, when you put your money in Fiat Currency, it doesn't grow. But when one invest in Bitcoin, and have patience. You will definitely make a nice profit. Bitcoin is getting popular everyday, and I believe with time, bitcoin will eventually supplant Fiat Currency. Also with time, many countries will understand the value of Bitcoin, and legalize it. proven by the existence of the state of elsalvador which began to legalize it. on the other hand it will bring other countries to follow, if elsalvador successfully uses it. but for me it will take time for bitcoin to fully replace fiat currency, because for me as an alternative means of payment it has been a success for btc |
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The security of Bitcoin depends on whether and how many people are using Bitcoin, that is, whether transaction fees are sufficient for mining activities. As long as people use Bitcoin, it will remain fairly safe.
The network is protected by nodes, and many miners are running nodes. They will be encouraged to continue to protect and update the blockchain in exchange for the payment of transaction fees associated with each block to ensure the security of Bitcoin.
We have to be vigilant because there are many malicious programs that want to steal bitcoin, I once copied the bitcoin address and then wanted to paste it, it turns out that the bitcoin address is different, if you find the same thing then immediately cancel the transaction and close internet access because the PC has been hit by a malicious program. therefore we have to concentrate and focus if we want to make a transaction, on the other hand we have to check again before pressing enter. I just found out about cases like this, where we paste and the results are different from what we copy, have you clicked something before? maybe it can be an experience for all |
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I think it's better for them to have an option or to be paid half of each. With that, they can grow up their salary and have their own investment in cryptocurrency which they have all the right to withdraw whenever they want it. maybe if they implement such an option to their employers it will add some roles on the crypto market and will eventually be adopted if the result is successful. I think the first country that should consider this kind of norm should be El Salvador since they already announced to the world about their bitcoin-friendly country why not push it to another level.
right elsalvador became the first country to legalize it, so this country is a parameter of its success in using bitcoin. I agree with your way of teaching him to use the process, where people are educated to have bitcoins through their salaries, until finally they can use bitcoins fully |
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all about the cold war that entered the economic realm between countries. The pandemic has changed the way they view the economy today. We are far from underdeveloped and of course if we talk about which country will grow first after the pandemic, the answer is still the country that supplies vaccines to each country and makes it dependent. Look at what Cuba is doing, they are better off developing their vaccines than having to be shipped from every country that deliberately supplies them to be consumed every day.
right, vaccine-producing countries will certainly not be affected by the pandemic, instead they will be richer by always producing vaccines, especially when it is reported that covid is always mutating, of course there will be more and more vaccines needed by various countries |
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in the 21st century, money will matter to everyone. you won't be happy being homeless today because everything you do involves money and if you can't provide for your family it really couldn't make you as a whole. you won't be happy when you got evicted from the house you live in for several years of you and your kid's life. many families today move into their parent's houses because of this pandemic crisis. the effect of having no money is that you are not in control of your life and that's depressing for a man.
right money is a basic need in life, not having money means we are close to suffering. Many people say money is not everything in life, but actually we can see that many things in this world can be solved with money. just imagine if we don't have money, how can we eat, can we be happy with that condition |
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Maybe he'd rather die than live in prison. A very influential person in the field of technology and he is also a software expert. Maybe he was ashamed of living in prison. Life in prison will also make him a long-lasting frustration. John McAfee was an expert but he messed up big time promoting scam projects and if you were in the market during the ICO boom you would know that as he promoted scam projects and many fell for the trap thinking he did his research before promoting them but later came to know that he would promote anything if anyone pays him. I am not buying that he committed suicide and we might not know the truth. I also think like that. he is smart and has a lot of money. life in prison I don't think it will degrade his psychology, considering the many experiences he has gone through, and of course not all of them are sweet, but we don't know what is going on, he can do anything with his money. |
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maybe we don't want to speculate more about this because with no adoption from around the world we don't want to conclude too much to say bitcoin is better than paper money for now, but if many countries have started adopting bitcoin it's not impossible that the currency digital will be better than paper money
right, it's too early to think that bitcoin will replace real currency. although in the future it can happen, but many say it is possible in the long term and only as an alternative currency to fiat. therefore I prefer to invest here to get a profit later when the legalization and adoption of bitcoin is widespread, so I hope to get a big profit |
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with its high fluctuation, I think it is attractive for speculators and investors to join this business. although bitcoin has not yet reached its main function as a currency, but with no one stopping bitcoin, it is believed that many people will have a bright future, with more and more people adopting it later, and many people hope that bitcoin will be legalized soon
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many people also see bitcoin as a threat, and not suitable for use by governments on a large scale. until a lot of negative news about bitcoin was created, we can see that after 2017, where bitcoin was in an extreme crash, many people thought bitcoin without a clear mission, and was just a money game, so many people left it
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Banks are centralized and if they are going to be handling any cryptocurrency, it’s going to be centralized digital currencies that are being issued out by the central banks of that country, and not the decentralized cryptocurrencies we both know. So, don’t expect them to be dealing with cryptocurrencies.
I cannot even imagine myself going to the bank to exchange my bitcoin, lol there is no way I can imagine that. I would prefer that I just login to exchanges such as Binance and coinbase and exchange my bitcoins there and then transfer the money that I have gotten to my bank account and that’s just it for me.
right, simple thought. for ourselves indeed with cryptocurrency, we can make money to meet the needs of life which can be paid for with fiat money. so from that we exchange it to fiat money first. on the other hand banks are under government agencies, so they may not dare to take steps without government regulations, so I don't think it's our authority to urge banks to immediately accept crypto, maybe it can happen, but maybe for generations after us |
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I doubt many people buy crypto currencies because of their use cases or giving people the power or because it's decentralized. Most of them invest in crypto currencies to make short and long term profit. Once they reach their profit goal, they are going to go back to fiat. Sadly this is the truth. As long as people keep on depending on fiat currencies for everything, crypto currencies won't be able to replace them. At best we will be seeing both of the currencies being used side by side. Even if fiat gets replaced, it will be by some centralized currency.
that's the reality at the moment. where people tend to make money from cryptocurrencies, which are considered easier and faster to make money, especially for those who are familiar with the cryptocurrency market. I think that in order to fully use crypto, the government is still rethinking the dominance of the country that has the most bitcoins, of course they are not willing to intervene with their own fiat currency |
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For the rich, it is easier to hold Bitcoin for a long time. They use funds other than what they need to invest and obtain additional income.
For ordinary people, they need to consider the funds they need in life, and only invest in addition to the ability to meet their daily needs. In investing in Bitcoin, if funds are needed in an emergency, they must sell Bitcoin even if there is a loss.
Easy for them to hold because there is no pressure to sell for food but for someone who depended on the growth of BTC, they will eventually sell before the price hits the ATH. There are some who could survive holding while they work harder to support themselves for them not to be able to sell their coins I guess I have tried this myself to make sure I'm able to save more BTC than sell all of them. If you have the money like the rich, you would probably prefer to trade as well. Maybe a percentage of what you hold. it looks logical, but I think it depends on the distribution of finances on each person. but indeed the rich are more profitable in holding bitcoin. but ordinary people can also be calmer in holding if what is used is cold money, but indeed with different amounts of capital between rich people and poor people |
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I didn't know that there are some services that accept Bitcoin I thought Tesla was the first car related service that accepts Bitcoin as a mode of payment, it's nice to see that some services or car business accepts Bitcoin as a mode of payment. So it's true to say that you can buy Lamborghini with Bitcoin.
I also just heard that Tesla accepts payments with bitcoin, unfortunately it's just a game. Of course we are happy if we can buy a car with bitcoin, hopefully later many things can be bought with bitcoin. Unfortunately I haven't seen a bitcoin solution for small payments. hopefully in the future bitcoin can be used for payments in various fields of business |
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Yes, that's true, sometimes I am surprised that many people still waste their time reading articles that actually want to weaken our beliefs, news that are not so important for us to read.
Let's water ourselves not to listen to hoax news which tends to make us worse off.
Haters gonna hate and they will try to lure people (who believe in bitcoin) to leave or stay away from bitcoin and any other cryptos. There must be some group of people who are affected negatively with the existence of bitcoin, that's why these group of people try to spread FUD, Hoax or negative views about bitcoin. The only thing we can do is to ignore these kind of news, simple as that. right, by spreading negative news, of course, they hope the bitcoin price will drop drastically, and there they can take advantage by buying at a low price. but unfortunately at this time there are many bitcoiners who already understand market patterns, so news like this I don't think can have a big effect on bitcoiner psychology at this time |
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One thing I am sighting here with the pandemic is the cashless payment alternative of money, so people had the options to convert their fiat to digital currency. From the start of the lockdown most local fiat exchange didn't have a usual business activities, that's why we experienced huge impact when bitcoin abruptly increasing in demand.
Also with the trading, buy and sell activities increased so fast that's why we reached at an ATH of $60k this year.
It is indeed true that cashless transactions dramatically increased, also because all those grocery stores explicitly asked their customers to use their credit or debit cards for payments in order to avoid Covid 19 infections. However, it is of course not like cryptocurrencies received a boost in usage because of that. Most of the stores that demand credit and debit card transactions don't have the proper infrastructure anyway to receive digital currencies. the main point is that during this pandemic people tend to use digital systems for payments, so that this virus does not spread easily. in this case it is related to health, but unfortunately crypto has not been able to participate in it, regarding legalization. and when this pandemic occurred, we actually saw phenomenal crypto developments, unfortunately crypto can only be traded not for payment instruments according to its first function |
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We really can't predict the action of the price because sometimes it will bounce back. Many people sees the opportunity that if the price go down then that's perfect time to buy coins and make profit soon but too bad that the market went crash unexpectedly. The price movement is unpredictable, the only way to recover your loses is to hold your coins for now and if you have extra money then buy it now while it's cheap.
indeed no one knows where the price will go, but at least we already have a previous analysis, when we buy at a low price and the price falls again then we are prepared to buy back according to the analysis. so from my point of view it is important not to spend our funds at one price, because we don't know where the market plan will go |
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many of us are aware that sometimes the coins that have recently gone up are quite drastic, even though we have made quite significant profits, but still hope that in the future it will rise more than the coins btt, doge and others rose from the golden age they have peaked now.
if that happens how long do you have to wait 2 years, 3 years, 5 years or...?
while new coins are popping up all the time, still waiting for him to peak again?
Most people hold the altcoin which had good history.The altcoin will be considered as a good one.Only if that coin sustain in the market more than a 2 years.Some less potential altcoin will get out of the market in two to three months.Maybe a year,but you should not keep your investment on such less potential one.It will be identified only after good analysis. but sometimes even though it has lasted more than 2 years, some altcoins also don't show much development, so the price is also not good. therefore in investing in altcoins I think you can choose altcoins at the top of coinmarketcap, which have a large capitalization, so they will feel safe if held in the long term |
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