I don't know about you, but in my eyes it kind of bizarre how a country can switch between currencies in such a drastic manner. I can understand the impact of inflation and how it can force people to adopt a new de facto foreign coin, but if they switched from dollars to Euros because the influx of tourists, then it makes me believe Turkey must be a country which heavily depends on tourist, rather than international exportation of goods, because in the international market the USD is still the standard, specially in western ones.
I don't see any problem in the fact that the country is tourist-oriented. In many countries, income from tourism is one of the main parts of the budget. Take the Emirates, Austria or Switzerland as an example. And when tourism is a significant part of earnings, the country makes the conditions for tourists as comfortable as possible. And the ability to pay in a currency familiar to the majority of tourists is a very good and smart move. After all, firstly, it increases the flow of tourists, and secondly, the exchange rate is set to the benefit of the host party. Definitely something that is nice for a nation, also the meaning is nice as well. Like for example if you make money from industry, that means people prefer to buy stuff from you, if you make money from financial stuff, it means people like to make money with you, but if you make the most money from tourism, that means people love to visit your nation and love seeing your nation, which means your nation is worthy of seeing, that's a good meaning, it must mean good things. Doesn't mean the nation must be rich, people at bora bora are not richer than most people at New York, but it's still preferable destination to be in rather than a crowded city. That's the point of the tourism income and it's a good one. |
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OP, would you mind telling us why did you post this basic info about inflation and currency devaluation? Is there any reason behind this decision?  Most of the people in the forum know a thing or two about macroeconomics and finance. Do you want to educate anyone? Are you simply sharing a bunch of generic thoughts? Are trying to boost your post count by writing low quality posts? Sharing obvious conclusions like "the sun is hot" or "water is wet" have the same amount of logic like the conclusion that "inflation makes fiat money less valuable". Do you have any other genius and groundbreaking discoveries to share with us? I would guess that this alone is a good enough reason to invest into bitcoin, that could be a reason? I mean it is one of the main reasons why I invest into bitcoin for example, because I know that if I keep my money in fiat then I am going to lose money and that is why I think it should be important to make it change. I get that it is not going to be that much of an important thing that will change it but at the end of the day it is going to be fine. If you keep your money in bitcoin, then you are going to make a profit from it and if you make a profit from it then you are going to be fine with the results. If you keep it in fiat however, then you are going to lose money and you will be upset about it in the future. |
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People who are wise and have good experience in investing will not only invest in one type of investment, they will try to divide it into several types, real estate, stocks, gold, and also Bitcoin, because only investing in Bitcoin is too risky, even if you always believe that the four-year cycle will always occur and will provide big profits for those who own Bitcoin at low prices, but unexpected things can happen such as the latest ATH not being as high as expected. One of my investments besides Bitcoin is stock, and even then not in just one company, there are several to avoid risk.
Bitcoin has good fundamentals at the moment but it must be remembered that Bitcoin's scale is still too small and price changes often make investors quite uncomfortable, especially for those who are inexperienced.
I am not one of those smart people, I do not like to invest into those other stuff because to me they are not really good investments. I am not against diversification, I am more than willing to invest into other things as well, the only problem is that I do not find anything that is worthy to my investment. This doesn't include real estate, that I do not invest into because I do not have that kind of money, there aren't many places you could invest with just a little money. These days the most important options are either gold or stock if you want to diversify from bitcoin, and those two do not look good to me. If there was a better option, I would definitely put some of my money there instead of all into bitcoin. |
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Is it possible in future students to pay tuition with cryptocurrency like btc or another. As we all know that only stable money can run a country, moreover btc price is unstable so you can't do that even if you want to.
Most of the country are using the fiat currency as a mode of payment and if possible your country supported the use of the cryptocurrency possible that the other establishment will support this too, but if not expect that they will question you about the bitcoin as payment, if you use the earning from bitcoin or other crypto and convert into fiat currency still possible even though they didn't know what bitcoin is as long as they use the fiat currency for the payment. The difference between accepting as a business and accepting as a nation is huge. I mean I could have a college and accept crypto payments if I want to, as the owner of the college I could accept any mode of payment that is legal, and crypto payments are not illegal, which means that I could do it. But, when a nation starts to accept it, that becomes a bit of a different situation because it means we are going to end up getting a lot different results and it is not going to be that easy. I personally prefer to have it differently done, I would instead get fiat from people and then use that to buy crypto, that would mean every single payment is actually a crypto payment to me, but of course I would understand this way too. |
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At this moment when most of the coins are struggling in the market, I don't find it appealing to hold any coin right now, Look at the bad news coming from BUSD and the rest of the other coins that have suffered similar attacks because of centralized system which allow for interference both from internal or external, and this interference comes sometimes as an attack of the networks in form of hack.
Even Bitcoin? Good coins are only struggling for now but time will come that they will make a comeback. Don't tell me you will only invest during that time? Well if you do, you will wait for another bull run because the price can surely drop moments later after you buy. There is a bad news about BUSD but it's not an exit scam and Binance already gave a warning and enough time for the people to convert their stable coin. As for the other news, they are only common and not very alarming in most of the cryptos. But if you hold Bitcoin in your own wallet where you have the keys and control all the transactions that go on in it, is more secure to hold Bitcoin at the moment.
I thought you don't find it appealing to hold any coin? It seems you changed your mind real quick eh? LoL, but what you said about wallet is right and must be followed by everyone. |
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it could say that bitcoin is being used as a safe haven by many people nowadays, I even made bitcoin as my safe haven several times when the issue of inflation occurred in my country, especially since the benchmark for the value of all world currencies is USD, so the USD / BTC pair is very good to be used as a benchmark for safe haven (often professional traders and investors take advantage of the moment of inflation to take profits in the market).
the scenario that occurs is usually when inflation occurs in your country, the exchange rate of your country's currency against the USD will decrease so that to buy bitcoins you have to use more money (a moment when many people are selling bitcoins) but when the value of your country's currency strengthens against USD then you only need to spend a little money to buy bitcoin (a moment when many buy bitcoin)
It makes sense to use it that way because you are going to end up with a result that will profit you and a lot of people are lacking that. I believe that it will be important as we go ahead because it will definitely make a lot more people realize that fiat is not a safe place and bitcoin is a safe haven for them to keep their value. I know that because it has crashes time to time like these ones, people are worried about it and I can understand the situation without a doubt. But that doesn't mean that we are going to end up with a bad result, the end result will be good without a doubt. That's why it's quite important to make sure that it goes as well as hoped for and could be profited with it without a doubt. |
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Spot trading entails buying and promoting assets at the cutting-edge marketplace rate, and it's miles generally considered less unstable than futures buying and selling. It is a great alternative for novices who are simply starting out in trading and want to get a feel for the marketplace. However, spot trading can also be volatile, and fees can differ swiftly, so traders want a good way to manipulate their threat correctly.
Futures buying and selling, however, includes buying and selling contracts that promise to deliver an asset at a destiny date at a predetermined fee. It allows buyers to take positions on the course of an asset's price movement with out definitely owning the underlying asset. Futures trading can be extra complicated and unstable than spot trading, and it calls for more understanding and revel in. Futures buying and selling can be appropriate for buyers who have a better threat tolerance and are looking for greater superior trading techniques.
Spot trading easily wins here, if there was a poll about it on this topic instead of just messages, we would have seen %90 of the people would say that it would be spot trading. Some people are just madly in love with leverage so they would suggest it to even newbies but believe me majority of people who do leverage trading would also still suggest spot trading to newbies because they are aware how hard and difficult it is to make money from that. One advantage is that there is no profit making at spot trading when the price goes down, but at leverage trading you could just simply short it and make money that way. Aside from that there is nothing that makes it better to do leverage trading and newbies should prefer spot. |
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Meme coins will never have sustainable value in the long run. Even if you see it listed in exchanges, and have its own starting value, that will never guarantee that it will be more valuable months or years after. In fact, a lot of them end up losing their value and considered as dead coins. So you end up wasting your money and time as well hodling to that coin instead of buying a potential coin like bitcoin in the first place that may give you exceptional profits in the future.
Unfortunately not a lot of people understand this and they make a mistake by keeping that going, I think it should be noted that it is going to take a while before people could make a big deal out of this but then we need to be careful about it as well. It is going to be tough but people need to hear this and realize that memecoins are terrible and they are not to be trusted or invested. They still do it for some reason but they shouldn't and that is the biggest trouble. I think it should be noted that we are going to end up with a result that will not be the same. I know that it will not be that easy and we are going to end up with a solution that would be different but we need to get rid of memecoins for sure. |
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Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone. That's the point many people miss, it is not one of the easiest ways of making money and it should not really be one neither, you are talking about something that would be difficult and it is making money so it should be difficult anyway. Nobody makes money like it is the easiest thing in the world, it should be hard and if you ever get lucky and make money easily, I bet that it is not going to be easy to repeat that neither. So, there is no situation where it will not be that simple, it should be something that takes time. I know that it will not be simple and we should be careful about it, but it is also possible at the same time, yes it is not easy, but it is not impossible neither and if you spend enough time on it, you may make profit. |
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So, I was wondering how you do trading?
1. Which exchanges you use and why?
2. Proces... so first you screen the coins, how? You get signals from somewhere? Where? Telegram groups? Is it reliable? You pay? After screening the coins then proceed to technical analysis or chart analysis? You do daily trading, scalping, swing... what is your method and why?
These are way too simple questions that should not be answered here because every person will respond with what they think the best but they will not be able to make it easy to understand for OP since he is a person of his own and our answers are based on our own past. I think OP should google these, he should go check the results of the google searches, read the answers, check the logic behind the answers and then he can make a case for himself and understand how he should do it. This is mainly for the second question of course, first question is exchange, and that's always debated and you are not going to get a "right" answer for that, Binance is the most used one and there are still people who hate even binance. |
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So i've been a trader since early 2017 and i have never seen such low volatility in market. Even at the time of 2018 bear run the things were quite slow but this time its totally different. It makes a move and consolidates for like a month or two now. Which was never the case in past.
Its possible that only i feel like that and other people still see it like the normal bitcoin trend. But there was fun every week in crypto before.
What do you guys think ?? Is it just me or some of you others feel the same??
And if it is like that then what do you all think when the wild ride start again like old days ??
Fluctuations occur when either there is a lot of demand or there is a lot of supply. When the demand is high and supply is low, the price fluctuates on the positive side which means it will increase, and when the demand is low and supply is high, the price tends to drop significantly over time. That is the basic reason for Bitcoin's stability these days, not a lot of people are willing to buy and a lot of people are not selling as well, so the equation is almost the same from both sides. If a lot of people start investing all of a sudden, we will surely see the price going up, and if a lot of people start selling at the same time, we will see the market plunge even more, that is how the market works. However, we can always make use of the opportunities we get to buy more as long as we can. Right now we are on the dull moments of bitcoin, this has happened before, go check 2016 and 2019 and you will see the similarities, sort of the same thing with about right now as well. When the crash happens, one year after that is about the same, and right now we are living about the same period as well. I think this is quite similar to something like 2019 where it will not have a lot of moves, and it will be calm period and then we are going to do better for sure. I think it should be important to remember that it is not an easy thing to move bitcoin and it happens when it needs to be and rest of the time it doesn't move that much. We will see it go up, and volatility will be there, we just need to wait for it. |
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Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.
so that is the reason why the price drops back to 26k level today? from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows? or the increase recently is another trap before the price continue fell into 20k? You mean you knew in advance that bitcoin would drop in price even without news of the SEC rejecting the ETF? so can you tell us whether bitcoin will go up or down in the coming days according to your vast knowledge? because I was also quite surprised when I saw bitcoin back to its old price a few days ago and the reason I just found out is that the SEC rejected the ETF. I don't know if this is a trap or not, but I feel the market is being manipulated rather than evolving naturally. I think nobody really "knew" it, they may have predicted it and some people were right, the ones who said it will go down were right, and the ones who said it will go up were wrong. But that doesn't mean that it will continue like that, it is not going to be that simple. We need to make sure that it is going to end up a bit different in the end and we should be careful about it as well. I do believe that it is going to be tough, but it can't be impossible neither, it should be important in that regard. I do believe that we could end up with a good return one way or another, and it didn't happen that way, I think it should have been going up right now because ETF doesn't matter at all and the future is bright for bitcoin. |
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How passionate? What do you mean how passionate? I mean I can't apply it though. I did a quick google search and what I saw was "showing or caused by strong feelings". In investing, I always set aside my feelings, and emotion because I don't want that to decide for me. I want to be emotionless when it comes to investing. Feelings? Set that aside, and focus on your goal. Focus on you strategy if you have.
Yeah, it is not a tangible thing to talk about our emotions. Like you can't give it a rating or something like that, I can't say I am 78/100 passionate about buying bitcoin or something, there is really nothing like that we could talk about. In the end I can say that I am happy to buy bitcoin, and other people could make whatever they want with it, if you think that is a good thing then that is a good thing, if you want to ask more questions then you could ask more questions but that's about it. I do not think that anything bigger could be said about this at all. I believe that it is going to be a tough one, but it is not going to be that easy. Hopefully we will get to a better point eventually about this situation. |
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OP It's as if you already know how heartbreaking the decline in the price of bitcoin is for some investors, especially the new ones. They are in an awful situation since they are unaware of bitcoin's volatile nature and how it works (price increases and decreases). They bought bitcoins for short-term goals, not for long-term goals. If people truly intend to invest in Bitcoin for long-term objectives, the price decline won't break their hearts instead providing them with a chance to buy additional Bitcoin at a lower price.
The majority of new crypto investors experience heartbreak and lose hope in bitcoin when the price changes in ways that are greater than what they anticipated (price reduction). Because of that, some of them may even be able to sell their bitcoin holdings at a loss.
Then those people simply do not have what it takes to be part of this market, I could understand that kind of attitude from someone that was investing in this market when it was on its early stages, but anyone that invest now can watch the price history of bitcoin and watch how it moves, and if they feel they cannot deal with those movements then they can decide to not invest in bitcoin, but instead they just come here because they have heard they can make easy money, and then they get disappointed the market did not gave them the fortune they were expecting in a matter of weeks. I wouldn't be that harsh towards them, but it is true that it would be hard for those people to stay in the bitcoin world, it would not be easy to handle it all. I understand that it is not going to be easy thing to make sure that they stay in the market and not worry about it, but there are way too many people who keep worrying about it all the time. I think it should be tough to handle it, and because of that we can't really end up with a solution that would be easy to handle. I believe the best thing to do would be making sure that we are doing a good thing in the end that benefits us on the long run. I hope that it can be something people could hold for a while and not starting selling again so that it can go up. |
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As an investor, i bought so many exchange based tokens! Bnb, uniswap, kucoin (kcs), cake, houbi (ht), FTP and so on. Undoubtedly those exchangers are so big and reputable. I though those altcoins will pump if exchange get larger during time and if exchange add more pair with their altcoin on their platform, then price will boom but most of those are like shitcoin, dumped 70-80℅ in long run except bnb. So what do you think? I'm no longer going to invest any exchange coin anymore!
That depends on who you believe. Before I invested in kucoin, because kucoin used to be when you bought it, even if you didn't trade it, as long as you held it, it would automatically stake on its own platform. And now, as far as I know, Kucoin has stopped it, and after that, I sold my holding of it. But for now, the only thing I see that is okay with me is Binance, or BNB, in my opinion. This is the only thing that can be seen if it can be said that there is really strong potential in the future. I feel like they are not, and waiting a lot more for them to make a comeback is not a smart idea neither. I understand that some people feel that is not the case but most of the time that is the case. I think it is important to realize that bitcoin will end up with a result that would be better in the end, so turning your bad tokens into good ones would make more sense. One exception would be BNB because I do believe that Binance will continue to do well, but that is the only one and I do not think that it would be smart to make a difference on it. Binance has been huge so far and there is really no reason for it to not be huge anymore, it will keep on being huge for a very long time and will continue to make profit. |
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I only invest in ETH among the projects you mentioned. The remaining projects carry risks as they are older projects with large market capitalization. There's a high possibility that they might not have the potential to drive the price significantly higher or might experience stagnant or declining growth instead of growth.
I consider Matic as a good investment opportunity after ETH as well because it has been quite while since we have had such kinds of impressive projects but the competition in the crypto market is tight and they couldn't last long if they don't make some development that has never been done before by their competitors. Looks like next year is also good news for the altcoin holders because we will have another bull run season and we already know how the price will rise after that. so it's better to choose the right altcoins to invest in right now while their price is not yet expensive. I would agree that it's not a terrible one, I can't say if it's a great one neither, but I can definitely say that it's at least at a "decent" level. Matic is one that has a lot more attention when ETH is doing terrible on the gas fee situation, but there are plenty of other layer one and layer two options as well so Matic will not be the only one, right now it is the biggest alternative to using ETH in many places, mainly at NFT world as well, but that doesn't mean that it will be that simple, we are going to end up with a trouble on the long run if we are not careful. This is important and we should be careful about it as well, it will definitely cause a lot of trouble if we are not careful about it at all. |
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Gold has certainly had its day. Imagine our acestors' first sight of that sparkling stuff? The increase must have been huge! Also, the gold market is very large. It's centuries old and bigger than Bitcoin
I've always thought that Bitcoin is the future currency, but it may be biased to see it in terms of percentage growth, as you did. I'm talking about contrasting a decades-old cryptocurrency with a 4,000-year-old metal. It's just unfair. I get your point. The rise of bitcoin is historic, but gold had many, many moments before our grand grand parents were even born
Don't miss the chance. Bitcoin is young, and the world is evolving too fast to forecast its future. Aim high! Never underestimate the classics, even though their rise has been "laughable" compared to Bitcoin's
I definitely do believe that gold will be surpassed by bitcoin one day. Marketcap of gold is slow and it is heavy and it is not acting that quickly, so we are going to end up seeing gold be a lot slower and that should be the important difference. One day we are going to see it do very differently without a doubt. I know that a lot of people feel like gold is the best investment but bitcoin is much better than gold. Just the fact that you can spend bitcoin to buy something and you can't spend gold to do the same thing is a great proof. I can send you $10 in bitcoin right now, or any other alt, but I can't send you $10 in gold right now, that should be good enough reason alone to say that bitcoin will be more than gold. |
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Like a system global economy is interdependent and interconnected and dysfunctioning in a a country can affect the global economy. Have you considered why the price of cereal has been going up recently?
Do not compare Gabon to Ukraine. Ukraine was invaded and there was war. It is different from what is happening to Gabon. We do not know what Gabon military will do, they may lead the country well or not. But I just know that Africa is Africa, be it military or civilian, I am not expecting much good delivery. I agree, I do not think that there will be that much of a big change in the end result as people may expect. Not in a good way or not even in a bad way, it happens in Africa all the time and that's why it's like this right now. Gabon wasn't some advanced high tech nation that was rich, it was a poor nation and it will stay a poor nation and nothing will change. Regular people may end up with some more banned stuff and all that, but that doesn't mean their life was any better before, they were poor and starving before the coup, and they will be poor and starving after the coup as well. I think that should be the important thing, unless something fundamentally changes, that's not going to be really that important. |
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You cannot compare all farmers, they plant different crops, some will have a good harvest, some will have a bad one, but farmers in any case bear greater risks than distributors, since they can plan at what price they will buy goods from farmers and at what price they will sell it.
Food prices will always rise primarily due to inflation, it is an almost constant process that never stops. Everything from seeds to fertilizers and fuel, which is needed in large quantities for harvesting, is becoming more expensive. Climate can also affect certain segments, if the year is very dry, prices will be even more expensive.
I would guess that it is not simple to be a farmer because of the risks, but you are doing a job that has absolutely no qualification at all so it should not really be as simple as "get some seed, plant it, water it, harvest it, profit". That is of course not possible, there are huge corporations that buy nearly island size plots of lands to farm and ranch, so they could make millions and millions of dollars from it and that is why a simple farmer may not have the equal chances. This is a difficult job as much as any other job, distributor is getting risks as well and it should be important for the future to be not that easy to handle, I think it would have been an important thing to do and would be better in the end. |
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If the story is true then I don't know why people like them think that forcing someone to invest on bitcoin is really necessary. Since if they showing some interest about bitcoins they are the one approach you and ask something related with this topic. But if they didn't show some interest about it then best to let them what they want and if they didn't like the idea about bitcoin since they think its a scam then let them think about that. Focus on your growth instead of disturbing people and push them to like your idea.
I think if the person asks you about it then you should help them, but if nobody asked you about then you shouldn't really pressure them into talking about it. For example, if someone comes in and asks you where they can buy bitcoin from, then you have a right to reply to them and that makes sense, but if they come in and ask you how you are doing, and you start talking about how bitcoin has been low lately and you are excited about getting more so that it would go up back to where it was and all that, suddenly you are promoting bitcoin to someone who doesn't want to hear it. That's why it is important and you should not be doing that. Just talk to people who are already willing to talk about it, otherwise do not do it. |
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