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I think it will all make sense if the NFT will come from a real and phenomenon artist. Not just limited to those that has passion with arts and painting stuff but also to musicians and other sectors that are also part of the art industry.
The NFT market has been overhyped due to the overpricing of these NFTs that has probably a use case if you're part of their club. But mostly, it's like a pixelated or a painting stuff that has been digitalized. I wouldn't spend any penny there especially in a bear market.
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Specific on the futures, for the newbies do not futures if you are new to it.
It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.
Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it.
Futures trading isn't for everyone, in fact, even experts never choose their life to be there but rather stay where they feel they are profitable. It was indeed that newbies must know the huge risk in Futures trading and ask themselves if they are capable enough otherwise, never try it. Although I've seen a very few people that been doing this and doing well but still, they're not assured with profiting there. There's the good and bad days but more of a little profit. That's why newbies can try it out but don't expect that you'll do good at it with your first tries. It takes a lot of time and money to be well on it or else, don't do it and get on the spot. Specific on the futures, for the newbies do not futures if you are new to it.
It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.
Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it. I will try not to fall for futures trading although some strategies can be profitable too. Right now I tend to focus on long term investing rather than trading, but I can still take advantage of trading something if I have good momentum. Futures trading is indeed profitable, but the risk will be very high for those who do not know how to control their emotions and are too greedy. Ignore futures trading, this is my current way of staying focused on long term goals. That's why I also chose to be an investor and it's passive and not stressing unlike going into trades and even more with futures. We get to choose where we're doing good and making better money. I guess it is what it is when someone experiences how it goes with futures and has done being a long term investor. |
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I think we're having the idea that whenever the market goes on a bull run, there will be more demand again thus, these crypto companies/exchanges will start to rehire again due to the flux of customers.
The manpower will be needing more on their end. I do understand why this could be the harsher type of bear market but on the other way as it has been affected more people, indirect investments but employees that have been laid off.
Maybe that the pandemic has something to do with it as well.
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We are really in the period where investors are smarter these days.
But, as an upgrade to them, there will be the new ones that will be the next potential investors of random hyped altcoins in the market.
There could be the reduction but for those people that might choose random shitcoins, we cannot have a control on them.
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Specific on the futures, for the newbies do not futures if you are new to it.
It is highly recommended that you shouldn't get into it. And this isn't only just for the newbies.
Also the old timers, if you cant bear the risk of futures. Just do not do it, I have seen a lot of lives ruined by it.
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I'll sell all of those and will buy bitcoin instead. Too much already with altcoins and that is why it has to change and that's through owning and buying bitcoin.
Just to be sure with the decision because we all know what bitcoin is and it is unlikely to fail just as the concern with connection to FtX and Alameda.
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...After all of those years of learning, I've started to realize that whoever gets to panic sold at losses will not win due to the emotion but still can recover.
There are various reasons why you have to sell your coins and fix a loss. In some cases, investors sell their coins to buy them later at a lower price. We all remember how Tesla sold 75% of its BTC at a loss. Since then, the price of bitcoin has decreased by about 2 times, which means that Tesla can buy 2 times more bitcoins for the same money. That is if that's the plan, to rebuy at a lower price. But those that I know of, didn't buy when the price fell more but instead, they took the cash and forgot the market. It's a good strategy for those who have been doing it for most times when the market is uncertain and most likely is about to have some more dump. |
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Payment received, thank you Joeperry and Crypton.  |
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I'm not really going into technical details as with those 1 or 2 or 3 or 4. What I know it's better to invest to the trusted and known projects that have been proven by time.
Well, we know of bitcoin as usual.
While people are looking to invest their money into those projects that have technical deep meanings yet, ain't enough to be par with bitcoin. It's better to have that type of security into buying bitcoin and if there are others of the same then likely ETH.
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Every market have a bear and bull cycle but crypto field is a young market and highly volatile with large institutes / whales investment and We know trading is a competition then if you sell your crypto in lose it only your fault, So learn the chart history the dump is not happening first time , Take a lot of knowledge and experience that in future is there any situation about to happen you already have an exit plan .
And when the projection of the value of the crypto you hold is at loss then that's paper loss, you'll totally loss if you started selling it. It's normal to see people react in panic because I've been there too. I don't think that it will be better before when I've started to understand of how this market is highly volatile. After all of those years of learning, I've started to realize that whoever gets to panic sold at losses will not win due to the emotion but still can recover. |
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We don't know what will happen 100 years from now. I think most of the countries are modern by that time but with the current time, we don't know how long it will take until paper money is gone.
With the technology that's too quick in innovation, satellite technology might be reliable by that time and even in the most remote places, it's possible to gain internet access. Well, we don't know how it will look like but that's something possible with that long and span of time.
Im picturing it out that it would really be going into the same path on what China has done on where they do make their currency or having that digital Yuan.Its true that we dont know on what would happen in the future and there would really be lots of changes and possible things that might happen that we arent that expecting.Just like the rest been saying that there's no way that fiat would really be out of existence. It is really just that impossible for government to replace fiat which is something that cant be controlled.Paper money would exist no matter what and we know that not all would really be that knowledgeable on digital things and there are corners of the world who arent aware on how these things works. China just got various payment processors that's been widely adopted by its citizens and that's why they've got cashless transactions mostly in their country. But, cash is still there yet it's being used by majority of their citizens. It's not that really a digital yuan but online and digital transactions with the help of those companies that have been partnered to their government for ease and cashless transactions. |
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But isn't it tiring that there's always these articles and media that are always quoting these predictions from the popular people like Tim?
It's pretty simple — it's what gets the clicks. Most bitcoin/crypto "investors" are still retail non-professional investors, and they sure love influencers telling them what to do/expect instead of coming up with their own analysis. Yeah, it's always the click baits and the headlines that's getting the most clicks. And they'll never stop whether we're in the bulls or bears. That's how it goes and that's how they're getting more impression when they're always quoting words from anyone such as an "expert" in this field. It's gonna be covered with those headlines at most times when they're telling something about the price whether it's related or not. |
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Just read the rules that has been set for the airdrop campaigns that you're joining. AFAIK, if you've joined one then you can't join with other account you also own because that's an abuse.
That's why it is important for you to read the instructions and rules so that you won't violate the rules that has been set to participants like you.
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It hasn't to be forced adoption and acceptance for them. I think those small businesses owners and at the same time bitcoin investors and enthusiasts have done their thing.
And that's to adopt bitcoin as a payment method for their business. We're going there and soon, most of those businesses we'll see the sign board that they're accepting bitcoin.
There are indeed small businesses accepting cryptocurrency as a mode of payment, such as in my country, but that's their initiative. It is not surprising that there's more who does not. There's even a higher tendency that bigger businesses would, simply because they have the capital to reinvest their profit from their business, inspite of risk. Yes, it's their own initiative and passion and love for bitcoin. There's no need to be forced just for them to accept it. I think we're more on the side that we just have to keep educating business owners and everyone just for them to realize that they're still on the early stage. Nonetheless, whether we tell it to them or not, the adoption will naturally to happen and it's what we all know that's going to come into reality. |
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It hasn't to be forced adoption and acceptance for them. I think those small businesses owners and at the same time bitcoin investors and enthusiasts have done their thing.
And that's to adopt bitcoin as a payment method for their business. We're going there and soon, most of those businesses we'll see the sign board that they're accepting bitcoin.
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He's been predicting a lot and I'm done with all such high predictions that's giving a certain time. I know that someday bitcoin will really reach $250k and even more.
But isn't it tiring that there's always these articles and media that are always quoting these predictions from the popular people like Tim? Well, goodness gracious if that actually happens next year but I'm not expecting it and it's more to become into reality after the next halving and cycle or maybe after 2 more.
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I don't think it will actually happen even after that 100 years to come. Considering some fact especially the remote villages who have no access to internet networks. I don't think it'll be possible, at least for now it's not yet, to access digital without having access to internet. Besides, it's even unnecessary to phase out the paper money.
We don't know what will happen 100 years from now. I think most of the countries are modern by that time but with the current time, we don't know how long it will take until paper money is gone. With the technology that's too quick in innovation, satellite technology might be reliable by that time and even in the most remote places, it's possible to gain internet access. Well, we don't know how it will look like but that's something possible with that long and span of time. |
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That's a lot of bitcoins stored on an exchange. I can't think of how much trust this guy or institution have entrusted that amount of bitcoin on Coinbase.
Well, there's the idea that an exchange like Coinbase is "safe" for them so they deposit and let it there for a long time. But that's also good that it's been taken out there and if this is on the bank, they won't allow you to withdraw that much within a 1-2 days.
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This is the major question of everyone but it is not easy to get money, everyone knows that getting money it requires effort. Many ways of making money
Well, it's a way of exchange and that's why everyone has to make an effort for us to get some money. Sell something we own or exchange our services and skills through employment or gig economy. but the easier way is your efforts because work with your hands to make money is very simple.
That's how you do it. Everyone has got a skill and talent and use them to capitalize and earn from where you're good at. |
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Everyone has got the idea now that the typical monetary system is only bound to be taken care of the inflation. And that's why it devalues and it's known as an inflationary currency. Unlike bitcoin, it's a deflationary cryptocurrency.
Well, soon, everyone will start to open their minds on how the prices are keeping up and continuously going up. Even those that are not financially good will understand that there's no way to go if they'll keep most of their assets in fiat.
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