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For me staking stable coins are worth it while you are waiting in what coin you will invest your stablecoin. Based on my experience i had been staking my stable coin for quite sometime and i can say it is worth it because my coins earns while waiting. I will wait for the market to go down again and invest in my chosen crypto currency. You just need to know the best platform to stake your stable coin so that you will not regret it.
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Please correct me if I am wrongEven in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin.  Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin. Is there any way to solve this problem? Definitely it is not a problem. It is depend on the people if they are eager to learn in understanding Bitcoin and other crypto currency. There are a lot of informations available in internet giving free education / awareness on understanding Bitcoin and other crypto currencies. I think it is not misconceptions because getting involve in Bitcoin you are taking a lot of risk, so some people are being careful before they will invest. There are a lot of testimonials that they had lost so much in investing maybe that is one of the reason why more people do not have guts in investing because they are afraid of loosing their money. |
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No need to convince people to buy Bitcoin, rather educate them what will be the advantages and disadvantages of owning a Bitcoin. Proper education could lead the people to do their own research on how they can benefit and what kind of risk they are trying to get in. Bitcoin is for people who have a very high risk tolerance in volatility. Always emphasize to them that they should only invest what they can afford to loose and set aside greediness.
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Definitely not the Crypto Banks cannot replace traditional banks. Traditional banks may adopt the crypto currencies and it's technology but most of the people would still prefer the traditional way savings and transacting money. Even though Crypto Currencies evolve for more than a decade now a lot of people doesn't even know how to use and transact with it. A lot of banks also doesn't honor or accept crypto currencies as source of funds. Just like here in our country, Banks do even scrutinize where did the source of fund came and if they learned that it came from crypto they will definitely turns you down.
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I am not an altcoin fan but lately, I have spent some time on the alternative cryptocurrency board and I have seen a lot of topics bordering around whether or not to buy some coins and this makes me wonder why altcoins investors are full of uncertainty and always wanting to know the opinion of others before they invest.
Is there any other reason for this other that the high risk and high volatility of altcoins compared to bitcoin?
Are they asking because they know there are special skills in altcoin analyses or some people are good at picking g g the right coin to invest in?
Investors are sceptical about Altcoins is because of the high volatility risk involve in investing in it. During the hype majority of the altcoins offer investors an opportunity to earn with high rate of returns which is a very good strategy to attract the investors to invest. But since most of us here now do not just grab this opportunities we rather evaluate and study first if it is worth it to invest in a particular altcoin. There are a lot of altcoins became successful during hype but ended up just a scam. An altcoin can be successful it depends on the developer for its continuous development and its investors who keeps on supporting the project. |
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Most persons purchase most items using Bitcoin transactions I am of the opinion of hodling instead of spending pls is that a positive mindset?
It really depends on the persons who's hodling Bitcoin if they are going to use them in their purchase transaction. Maybe the persons who used Bitcoin in their transactions do have a lot of bitcoin and they do not worry too much on spending. But as for me since i do not have a lot of it i would rather hodl it and add some more for me to have a good profit in the future. But if I have a lot i will do the same. |
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Nowadays more females now are involve in the circulation of Bitcoin and other crypto currencies. The income they could generate in investing in crypto currencies is high but also the risk is too high as well. We have a free world anyone can adopt the crypto currencies whatever your gender is. As time goes by our technology continues to develop even the younger ones could also be interested in the crypto world. With so much awareness majority could adopt on the latest technology.
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With $40,000 i will invest it wisely. I would invest in the top 20 crypto currencies including BTC, ETH and others. But right now I would rather stake it first in a stable coin and wait for the market to go down before i will invest it. The market is so really unpredictable i don't want to loose another batch of investment. Experience is a great teacher, lesson learned. I believe that the current price right now will be corrected.
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I believe everyone on this forum has made both good and bad decisions in terms of investing in altcoins. I recently made a mistake buying a lot of Dogecoins after Elon Musk changed the Twitter logo into the Doge logo. Price was surging and due to FOMO, I bought a lot at the price of $0.099 and afterwards it started to dump like hell. If I continue to hold Dogecoins, the price might be dumping even lower but if I sell them now, the losses become concrete and I'll never have a chance to win back. Have you ever had the same experience ? What did/would you do ? Please share your opinions. By the way, I am with FireDAO team, in charge of the global community. Please contact me if you have any inquiry.
I am one of those who made both good and bad decisions in investing altcoins. But I had learned from that mistakes I should not buy altcoins if they are in hype and i should had evaluated first the chart before investing. No one could really predict what will happen in the market. But now i would definitely wait for the market to go down before risking in buying altcoins. Now i keep on hodling the altcoins i had rather sell them at lower price i am still positive that the coins i had been hodling will recover in the next few months. |
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Shiba Inu i think is still worth to HODL for a long period of time. We never know what will happen in the bullrun it might pump that we might not expect. Just like what happen in Doge i thought it was just a meme coin but now after several years had past it continues to grow. Just like you I also keep some Shiba Inu in my portfolio and some other altcoins.
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We can only say that it is safe to keep money in the bank if the amount we keep below or exact the guaranteed insured by the FDIC if the bank collapse the money we had deposited will come back. But if the amount is higher than the guaranteed insured the exceeded amount will not be returned.
The risk depends on us. Better yet to spread out the money in different bank just to be safe rather than to be sorry if the bank closed.
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In Trading, there are two categories of people, those who want to increase their bitcoin volume, and those who want to increase their dollar volume. Which one do you prefer?Why?
I would rather increase my Bitcoin because the value is remarkably moving compare to the dollars has a fixed value. |
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This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Crypto helped me to pursue bounties here because with bounties it gives me an extra income aside from my regular job. I had learned a lot specially on how i will strategize my investments. |
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In an early Monday interview on CNBC on Monday, cryptocurrency advocate Meltem Demirors revealed that bitcoin’s real value is coming in real-time. However, the current situation regarding bitcoin price is rather unpleasing to investors and potential bitcoin users. Demirors stated that new technologies that shift the paradigm take a long time to get acquainted with. https://coinpedia.org/news/bitcoin-will-gain-more-value-despite-investors-worries/I think yes the value of bitcoin will gain eventhough the market moves fast with the worries of the investors. Many investors still wanted to invest in bitcoin and i am one of them. |
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For me i will choose both because real job and crypto can help me in my financial needs. Real job can be the source of my daily finances while waiting for my crypto currency investment earn profits.
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
Spending time with bitcoin could lead us to better income from our investments though the market is down now i will still continue to invest and hold for a brighter future. |
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People moan about bitcoin price is because many who invested during the peak of the price which reach the $20,000 price which is now down to $5000 and those who bought at the peak are suffering now from losses thats why people moan with the price.
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here are the simple steps to save money:
1. You must record all your expenses
2. Make a budget for all expenses
3. Start planning on saving money
4. Choose something to save for your money
5. Decide on your priorities before spending
5. Make saving as a habit
6. Watch your savings grow.
any suggestion on how you save your money?
A nice steps to save money. Actually i had been doing that since i learned how to invest in the stock market before i had known the crypto currencies. |
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The value of Bitcoin is rising again, can we expect a significant jump in Bitcoin value by the end of the year?
It is very hard to tell what will happen in the market at the end of the year because the rise of the value of the coins depends on the investors who habitually invest in the crypto market. I wish that bitcoin would rise really high. |
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