Cryptocurrency hype doesnt disappear. It so happen that a lot of people are discouraged by the market downfall and spreading their rant on the forum. It is also an indication that a lot of people still affected by crypto thats why they react like that. The cryptocurrency's popularity is indeed spreading all over the world and continue to multiply as of this moment.
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For now, since i dont have anything to be spent for and i dont really want to spend anything, i will just put it there and let its own volatility give me profit. Hodle is what i am doing with it now and if there would come an opportunity, maybe buy some items using it.
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Do not fall on the bear's trap and get lured on the things they do. They are just testing your weak souls and if you give in, you will not get the reward after. This market requires us to have a strong heart and patience. Dont get tired of waiting and good things will come to you after.
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Then why do they are a lot of successful traders existing if 10% of them have the succeeding rate? If you say that 90% of the traders experienced loss then i would believe you. Trading is the best way to earn passive income. But if it is true, can you post some data about it. Im kind of bit interested.
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Depends on what they say on the coin. Im sure there are a lot of analyst there and if the majority of them agrees on something then probably it is the right one. Its okay to have a basis and not choose by a gutfeel and hunch. Somehow you can have a foundation on your coin.
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I already did wait for 8 long months now and still planning to wait a little longer. I cant afford to lose anything just because i get tired of waiting. Waiting doesnt cost anything but patience and i can handle that very well. I get myself busy on other coins to get away from boredom.
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Of all the altcoins existed only ten percent are considered successful and still doing good until now, while others are proven as a scam or vanished after gathering funds to investors. Most of them doesnt have any value. But i dont think we can erase them from the list because they are already existed.
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The market can be manipulated and is manipulated now by the bulls and bears. This is how the market works. People with a large number of investment has the power to manipulate things which favors with them. People, when they see that the value consecutively goes down panic sells and give in to them.
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Other rich countries like USA or Japan can support its growing technology and have no problem adopting with this. They are the one's who are ready in the first place. Other countries specially third world would have a hard time coping up.
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I spend the amount of time needed to fulfill the bounties requirements. Some needs to have more posts and others do not. If that so, i also balance my time trading and buying coins for holding. I also have time to work and to rest. Time management is the key to become successful in budgeting your time.
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Posts and comments of experienced higher ranks are more reliable than your gut feel about it. They analyze even more accurate and most of the time they are correct. ICO scams are hard to tell because it blends among the legit ones and they are almost the same.
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Are you pertaining to the inflation rate where the purchasing power of money decreases over time?. Example is that when you have a dollar you can buy a lot but now its just the same value of a candy. This is different from cryptocurrency's volatility. Its half investment either so its normal to fluctuate.
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After ive reach this point? No way. Ive been through hardships and stress dealing with this market and now that i see that it can start ro rise anytime from now why would i stop?. I always put in mind the reason why i am here and to think that i still did not reach my goal feels like i have more energy to deal with this stressful market.
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Anything will do as long as it is available to exchange with cryptocurrency. Basic necessities like food, clothes and shelter are the best way to do it. Along with the multiplying numbers of people who get interested on cryptoworld are the multiplying numbers of stores who operated with it. Soon it will become available to all.
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It seems your talking about some scenarios in sci-fi movies where all transactions made by just swapping or pressing your fingerprints. Actually, we are in the era where we use 50%cash and 50% electronic payments like debit cards, credit cards and cash cards. We also have this virtual currency where you buy load and pay using QR. Cashless society is actually possible.
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Its unfair having a one sided opinion regarding ICO scams. Some are real fraud and others are just screwed up and having their bad luck. They also wanted to prosper like other successful ICOs but we should consider that businesses gone through lossess more than being successful. We shouldnt blame them for this. You trust them with your money and Investing is so risky anyway.
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If it was based on what happened last time, you are probably correct. The increase happened for 4 months i guess and droped 6 months time. If the speculation is correct, it can drop much lower after.
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Here's my Entries, hope you like it.
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Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
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