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While the three tips the op gives are very basic unfortunately many people do not apply even one of them, many people do not take the time to learn about the market, are easily influenceable by the media especially the media that is against bitcoin and the worst part is that they lack the patience to keep holding their coins because they think they can obtain profits really fast, if they applied those three advices by the op the chances of beginners to make money will become way higher.
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Bitcoin is the of most popular coin in a crypto world but not all people from every corner of the world knows about it, but due to our technological advancement its not far that in the near future bitcoin will lead the way in monetary system. As of now bitcoin still like a slave of fiat because people use Bitcoin to obtain fiat because fiat still the fastest way in making payment transaction.
In a way everything is a slave to fiat, but one of the functions of bitcoin is presicely to change that, to allow us to buy products and services without using fiat, which is the main reason why governments do not like bitcoin they understand very well what it is at stake here if they fail to contain bitcoin they will probably lose control of the economy and that is something they do not want since it has took to them hundreds of years to have so much control over it and they do not want to lose it. |
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While we have been hearing something similar from some other countries the fact that this is coming from Switzerland one of the most stable countries around the world and with a long tradition of being the bank of the world makes me positive this is a little more serious, we need to see what kind of follow up they do, but if Switzerland really decides to become a crypto nation then you will need to hold your bitcoin because we could be witnessing finally the time when big investors finally decide to enter in the market. |
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The first is that debt is not good for one's life, debt can torture a person and make his life become uneasy.
out of debt because it will result in life itself and pay immediately if you have a lot of debt that can be free from debt.
This is an aspect that people do not really talk about that much, not only the interest rates that you need to pay from your debt are going to kill your economic future if you do not how to manage your debt, the stress you are going to suffer for the next years or decades is probably going to deteriorate your health considerably, I have seen some people age ten years in 2 years due to the huge size of their debts while I have a very relaxed life thanks to the fact I hate being indebted. |
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As of now, the price of bitcoin has been increased by 1.62% today. Whereas ETH is falling down. Will btc price go up go forward?? I am afraid to make any investment as this moment. Whats your thought??
If you are afraid to invest right now that the price is not moving much and that it is very low and that if you hold for the long term you are almost guarantee to get profits then you are not prepared to be in this market you are the kind of people that is going to sell at the first sign of problems and that the price is going down and as a result you will panic sell and then blame bitcoin for your decisions, so please do not do it and only invest when you are completely sure about what you are doing. |
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To begin mining bitcoins, you'll need to acquire bitcoin mining hardware. Bitcoin mining with anything less will consume more in electricity than you are likely to earn. It's essential to mine bitcoins with the best bitcoin mining hardware built specifically for that purpose. So is it really a good idea to start mining?
Unless you have experience it is not really recommended to start mining right now, it is not even clear if you can even break even right now since the price of bitcoin is so low, so you will probably have to look for other cryptocurrencies to mine and you will need to have very precise calculations about how much money you are spending in electricity and the amount of money you paid for your mining hardware and what are the expectations of growth of this other coins and that is a very complex thing to do. |
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Many governments' attitudes toward Bitcoin are observational surveillance. They have not yet formulated a policy for Bitcoin. They are trying to use Bitcoin as an investment product rather than a currency.
That is only working right now because bitcoin is being mostly used as an investment but once bitcoin begins to be used as a currency again they will have to take a posture of what they want and expect out of their citizens that is when we will find out how accepted bitcoin is around the world by the governments and once we know that we will have a clearer idea of what the future could be for bitcoin, do we have to fight to use bitcoin? Or can we use it similarly to fiat? |
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Today's markets situation is not satisfy able for me. But i think in recent times situation will be change. So don’t worry about today’s market.
I do not think anyone is too satisfied with what it is happening in the market but unfortunately there is nothing we can do to change the way the market behaves so you only have 2 options sell your coins and come back once there is a recovery in the market or to remain where you are keep holding your coins and keep waiting until the market recovers and out of those 2 options the second option seems to be the best since you do not have to monitor the markets everyday to get your profits. |
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This is actually kinda true. I can be a witnessed or a representative for my country because we suffer extreme poverty and shortage and high unemployment rate and I think because of bitcoin if I look at it at my bitcoinmates many have bought there own car and build their own homes or businesses. Many have been successful and has overcome poverty and has been self-employed.
The success that bitcoin can bring to a person is so great that sometimes is difficult to believe, if you live in a country that is in a bad economic shape it becomes very easy to get by even with the smallest earnings of bitcoin, in fact in the countries where the situation is getting worse bitcoin has been a life saver and people are surviving in those difficult conditions thanks to their small earnings in bitcoin but as you may guess governments are not happy with this, they will prefer all their population to starve to death than to have some of them prosper with bitcoin. |
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Instead of panic selling I advice you to focus on Fundamental strength of coin, its future prospects, its competitive advantage and remember the reasons whi did you buy it.
This is excellent advice, when investing in a coin you must concentrate on the most important aspect the coin itself and all the circumstances surrounding it, people most of the time just look at the price when deciding if they are going to buy a coin and this is a mistake you need to focus instead of what characteristics the coin has and see if it can become successful in the future, if you invest with that mentality then you will surely find good coins that are worth holding for a long of time. |
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I am just thinking mate, would you like bitcoin to have stable price? Well if you're gonna ask me if I do, then my answer would be I don't! I'm wondering how you've got an idea that the current price of bitcoin is gonna be the stable one. Well in the first place, it will never be. We all know that bitcoin is volatile and it is one of the reasons why we have growing market. Will you agree that bitcoin will have one standard price alone?Then how will there be a progress then if that happens for instance? I suggest you to try to analyze things first before posting mate.
But my answer is no, this is not the stable price.
Different people have different preferences about what they would like for bitcoin, some prefer high volatility like what we saw a few months ago, they do not care if the price goes up or down but they like the volatility while some other will prefer a more stable price for bitcoin with a more sustained growth, I think that for the time being we are going to keep seeing the volatility but in the future bitcoin will definitely become more stable. |
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There are more than 1500 crypto currencies available in the crypto market but all those crypto currencies are following the first crypto currency the bitcoins due to high demand for bitcoins many software developers are developing new crypto currencies into the crypto world and each crypto currency serves different functions and used for different purpose but the bitcoins can be used for everything as bitcoins is the parent of all crypto currencies there are chances for the bitcoins to be in the mainstream of financial services all over the world. I would say that it is good to welcome new crypto currencies in the crypto market due to the rise in price of old crypto currency only new altcoins will be affordable for normal people to invest which will help them earn returns in the long run.
The problem is that many of those cryptocurrencies are completely useless and in fact we may say that those cryptocurrencies are in fact affecting bitcoin negatively by taking away money that should go to bitcoin and to the few cryptocurrencies that are worth it, have you stop to think why do we need so many coins when in fact many of the projects are very similar and are based in the concept of the blockchain that was first created by satoshi? Anything that those coins can do bitcoin can do it better. |
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Fake news isn't poison to Bitcoin, the noobs believing everything are. In the end it all comes down to the people here not understanding what they invest in. Why do you think Warren Buffett keeps mocking Bitcoin? It's because of all the gamblers here just hoping that the price will sky rocket. That's why I don't like how even the Winklevoss twins went in with this. Instead of reacting to oldies trolling Bitcoiners, they should have been ignored completely. Even if you try to prove them wrong it gives them joy, so the best case is to not do anything. If you ignore them long enough, they won't even bother trolling anymore. They are like kiddos, the more you try to correct them, the more rebellious they become.
I think it is a vicious circle it is true that newbies are very easy to influence but there are newbies in every market and the media knows it so they know they can influence the market easily by spreading all kind of FUD in the market, and since the media is not going to stop spreading their FUD because they stand to benefit from it by getting more clicks the only thing we can do is to try to inform the newbies of what is happening and how they are being influenced. |
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I totally agree, crypto supposed to be anonymous, we are sick of being controlled and supervised by everyone, crypto supposwd to be giving us freedom to used and to store, kyc is just some excuse to weaken the crypto and we don't know how secure the data will be, its dangerous to submit our data to something that we are not familiar, so I am against kyc, and not all casino require kyc to withdraw try to play in bustadice, no kyc or whatever document is require to withdraw
It is true that know your customer policies are created as a way to weaken cryptocurrencies in general and while that may have an effect right now that the amount of people that have adopted cryptocurrencies is low this is going to change once that number is high, since how are they going to force that you identify yourself for every single transaction that you make when there are so many businesses and people accepting bitcoin, at that point we will choose the business that do not force us to go through KYC. |
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I don't think crypto-currencies can be used as money now, because businesses will lose money rather than profit as their value decreases.
Even a stronger bitcoin can be considered a legal tender, as more and more people see the BTC as a better store of value.
You are mistaken business can convert their bitcoin to fiat immediately without losing a single cent since there are services that offer that already, also if at some point cryptocurrencies replaced fiat then at that point bitcoin will be a lot more stable and you could use it as a currency so as you can see even in that scenario we can use bitcoin for the reason that satoshi created bitcoin in the first place which is to be a currency. |
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what would you do if you had so much debt and that your income was not enough to repay your debt installment?
how will you deal with it?
how to solve it?
As you may guess your first step will be to never come to that point, getting into that situation is not an accident, a person needs to spend more money than what he has for a lot of time and ignore the situation, but if you find yourself in that situation then you will need to take very aggressive steps, first try to renegotiate your debt sometimes you will get lower interest rates and second cut your expenses everything that is superfluous needs to go and go to your payments immediately. |
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Fiat money is the most easiest way to spend something on it, step outside and go to the malls, do you see any stores that accept bitcoin? No right? though there are some stores that do accept bitcoin but it is very rare to see one, and fiat is most likely the normal way people earn through their jobs, and that is why bitcoin may be not fully utilised through this day.
Adoption is an issue we all know that, the real question is if bitcoin it is ever going to be adopted in a big number of stores and businesses around the world or if that is never going to happen, to me answer is very obvious bitcoin will be accepted eventually all over the world but it is not going to happen fast, I predict that this is a process that is going to take at least 2 or 3 decades, this can change depending on the state of the economy and some other factors. |
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The fear is also one thing which restrict them to wait for more for the green times. They sell off their coins when they see the price of bitcoin or any coin decreasing and then they think that they will buy back again when the price will start to rise. Then when the price start to rise then began to fear that if again the red time came then they may lose so they wait for more to see a permanent green in the market. They cannot fight that volatility which the expert traders do. They do not know that in that fluctuations the traders can earn a huge profit and can be millionaires.
Which is why one of first advices that you receive as a trader is to leave your emotions at the door, when it comes to trading you need to be a very cold and calculating person, if you need to sell then sell but only because the charts and the analysis that you are making indicates that is the right move if you are selling just based in your gut feeling and things like the chances that you lose money as a result of your actions increases exponentially. |
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Since the election of the new President in our country, so many changes can be felt by the people here. but not on a good change, why  the current fuel subsidy is pulled so that now the fuel becomes expensive, the electricity tariff increases, and this is very burdensome us as ordinary people, which can be said we are from middle to lower class. My hope is about to end, and the economy is improving. so we can live here here, peaceful, comfortable and happy. It is too bad that the situation in your country is not improving and it seems to be worsening, however subsidies are never a good answer, that creates artificial low prices and this makes the economy grow but it is a false growth and at some point when the government cannot any longer pay it like it is the case of your country then the economy begins to suffer, I know it can be hard but in fact to stop paying subsides will allow the economy to reach its true level. |
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The main reason, is that everybody joins trading only for a fast profit, and they lead to lose all their money because they were trying to make a "fixed return" of their budget. This happened to me before.
The problem of trying to get fast profits is very widespread, I understand that we want to obtain profits but at the same time we cannot force the market to give us profits and this is especially true when it comes to a fixed return, as a trader you can only get what the market gives to you if you try to over trade to make more money in a particular period of time the most likely outcome will not be that you get profits but that you get losses instead. |
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