There are places without internet connection in big countries. It is hard to provide Siberia with propper connection, so cash is the only option.
Maybe if when the world is already based on technology which means everyone are using technology and internet then possible they lessen to used cash because they will used digital currency. But i think people cannot stop used cash because there still some store need cash as payment also cash is more convenience to used because not all people have access to crypto and have internet. - Even if people around the world can use technology and the internet, reducing the use of cash is an impossible task because it is a habit of everyone, they are accustomed to use cash to buy items with small value, bank card or any other payment method that is only used for large products or online purchases. People can not give up cash, it is a long-standing brand, from the past until now, society has a lot of change and development but cash is still the same, can still integrate into the life of all, maintain a position and bring the most convenience to consumers |
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Reading similar topics and comments that people leave, it is good to see that no one can give less compelling reasons why growth should start, everyone just believes.  - Yes, people always say that crypto is a potential market and is growing in the future, now is just a correction phase and the recovery will happen at the end of the year but after all, no one can prove it is true, evidence or data, all not positive, it even proves a bad situation with the market. They have only a blind faith in the market, the past and the development too well have made them never think about the worst situations but one day, they will realize the negative of the market, and the new wave of growth is just the illusion and the belief they create |
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I have been trading on smartphones, of course I use lots of exchanges, I get coins sometimes can be sold on different exchanges, so I use 5 exchanges, namely hitbtc, kucoin, indodax, livecoin and forkdelta.
Do you use their mobile application for trading? I don't know all those exchange you were mentioned have a specific app for the android and IOS.But as I already said it is not good thing for the trader to trade on the smart phones because chances of making errors in the small screen is more than in a desktop or laptop. - Similarly, I also have never seen these exchanges have applications on ios or android, I only see a few popular exchanges have that application, maybe he has a confusion here, most of the other exchange, people usually log in via address typed on google chrome. And this is exactly as you say, it's really dangerous, especially with the Android smartphones, security is very low and we can be attacked very quickly by hackers, and sometimes make mistakes when the screen is too small, so usually, people always choose to log in via a personal computer dedicated to trading crypto, security and privacy are much higher than smartphones |
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Big countries and developing countries like China might be able to destroy the price of bitcoin but I am sure that China will not destroy Bitcoin because China sees a good opportunity from Bitcoin.
- With a large number of miners and huge whales, destroy the price of bitcoin is a very easy thing for them but as you say, they will not destroy when bitcoin is still a place to bring a lot of profit to them, this is a gold mine, they will not easily give up and destroy such large gold mine. In addition, although they are a very powerful country with large economic resources but that does not mean they can dominate and do everything they like, miners and whales in other countries will not allow China to do anything to harm bitcoin, China also can not resist the fury of these forces |
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Maybe, 3-5 years should pass to get the answer to this question. Now, I do not think that it is possible. I suppose that BTC will remain the leader for at least until 2021. What will happen then? Difficult to judge.
- I still feel bitcoin will always be a leader forever for the crypto market because as we have seen, from the past to the present, the market always follows the bitcoin, the value of bitcoin is the bridge to the market, if the value of Bitcoin having problems, the whole market will be unstable. More precisely, bitcoin is the brand for crypto, and it means that eth is strong and growing, all is not enough to replace or come close to bitcoin, the market does not have the next generation of bitcoin, bitcoin disappear is the market will become desolate, eth replaces that position is also useless, it can not do anything to revive the market |
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It is never late to invest in cryptocurrencies as this is a running train and you can jump to it any time. This market is growing and it is just beginning of this altcoins market and it have a long future for long term investors.
- I do not think so, this train is having a lot of problems on the track and needs to be repaired immediately, and from what I said, we can understand that if we jump in at this point, danger and loss are higher in normal times. What we need to do is wait, waiting for the problem on the rail to be repaired perfectly, and the end of the year is the deadline for the repair, if everything goes well, we can continue to jump on this train and rush forward but if it can not be completed and the repair period is extended, stay away from it is the best way to not face danger |
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If you had 10000$ where would you invest it? I'm hoping for 10x in about 2 years, how would you personally split that money? There are so many altcoins that I dont know which to pick, I remember the top 5 altcoins from years ago and now they are all gone, so should I only invest in BTC end ETH or others like NEO, ADA and EOS?
If I had $10000 the first thing I would do is to keep it in a safe place and I will plan strategies on how I can multiply this money. I think I will still invest in bitcoin and ethereum which already help to earn huge income and I think if i had $10000 I will prefer to invest it in bitcoin and in ethereum. - I do not understand why people still prefer to focus on crypto as eth or bitcoin, I know this is a field that can bring us a huge profit source but we can see the danger of it over time, we spend too much time, see it grow and develop, the golden age to make money with it has passed. We should wake up and look for other places to grow, $10000 is not a small amount, we can build a shop or start a personal business, it will create a stability in the long run, should not continue to invest in dangerous places such as crypto to make money, the risk has become too large |
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yes but in 2017.
now airdrop gives a very small gain, I don't follow the airdrop anymore. Airdrop is now just a waste of time
- Indeed, the airdrop in 2017 is very developed and brings many benefits to the participants, we only need a few simple steps and through some special tricks to cheat, the reward we can get is very large when the success rate of the project at that time is very high. The past is a chain of happy days but now, airdrop is almost a bad thing and is a waste of time as you say, most of the projects did not achieve much success and the reward from the airdrop is too small, it can not be compared to the bounty, so everyone has gradually abandoned the airdrop and moved to the bounty, ending a glorious era of airdrop |
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Yeah, i dont think bitcoin mining causing environmental damage. There are many miners using friendly resources to mining so they don't consume energy too much. To sustain cryptocurrency mining, we need to create more alternate energy sources such as solar energy to get more electricity power.
- Agreed that there are many miners using friendly energy sources and less harmful to the environment but if we bring this number to compare with the number of bitcoin miners in the world, it is still too low. Most miners around the world really do not care about the environment, they only care about their money and investment, they invest a lot of money in mining equipment and what they need is the maximum benefit, especially the Chinese miners, they use energy to exploit by burning coal and generating electricity, environmental pollution through bitcoin mining is higher than ever |
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Investment in precious metals in my opinion is more reliable than deposits in banks.
- Well, the advantage of precious metals is that its value is very stable, growing steadily and surviving over time but these precious metals are easy to attract people, more precisely, people always think that the person who owns many precious metals is very wealthy, especially criminals, they think so and you accidentally become the target when you hold too much gold and silver. While banks are more reliable, especially large and well-known banks, their protection and compensation policies are very good, you will not need to worry about dangerous criminals |
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I am a newbie of trading so i don't have proper knowledge about trading. But honestly i want to be a trader. But first time which trading is best for me daily or long term?
Thanks in advance.
If you want profit every go and learn about day trading but if you want big profit go for long trade no hassle but to wait. While day trade is much more risky and hassle. - I know that each method has its own advantages and disadvantages, and depending on the ability of each person, we should choose a method to suit our knowledge and experience but to be honest, I think we should have the flexibility and coordination of methods together. Because as we know, the market is always very volatile, sometimes it will be suitable for holding, sometimes it will match the trading day, if we are only loyal and fixed with a method, we will be very passive, although this combination is still risky but at least we can make a profit in every market situation, compensating for risk and loss. |
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it just protect its users to fraud and scam ico. they are not in a hurry on catching up the blockchain craze they are just doing precautionary measures to be not part of scams that are rising related to bitcoin and cryptocurrencies.
- Indeed, facebook has no intention against bitcoin, they are just trying to protect all users from the propaganda and scams associated with crypto and bitcoin because in recent times, cases involving phishing through bitcoin and crypto have become so widespread, the government has paid a lot of attention to this issue. As a big company, facebook needs to intervene to protect their reputation and customers, even they do not want to stick to the law, these issues are very sensitive, but we can believe that, when all problems are resolved and the government allows, facebook is likely to be a leader in helping and promoting bitcoin |
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The technology behind these cryptocurrency coins is an excellent achievement though its potential hasn't been maximize. It has a lot to improve and develop. The future of financial transaction is here.
for economists who dare to speculate, of course choose cryptocurrency as a means of investment, because it has a bright future, where digital money will dominate in transactions - To be honest, what I see is not a bright future because crypto or bitcoin is just a tool to make money with big investors, they control, pump and dump, over time, when people have discovered the game in this market, the big investors will become more difficult to make money. And some time later, they will seek another place to make money, the crypto market lacks big bosses, the future will only be a collapse, even if it receives government acceptance as many people are hoping, everything still can not change, the government only made the situation became worse with the regulations and the way they control prices. |
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Crypto is not my full job. I have my regular work for a private company with 8 hour rendering. After my work I focus on cryptocurrency to have an extra income for my family. I love working in crypto because I think it will help to pursue my dream come true by just do some patience.
- Your patience in the crypto will not be wasted, someday your dreams will come true because so many people here have had the same thoughts with you, and they have had the first successes of their dreams, you will soon become the next. Rewards with crypto are very attractive but you should keep in mind that completing your main job, it is a stable source of income and your future while crypto is just an acquaintance of you, you can talk and work then earn a little reward with him in your spare time, profit is only occasionally, not fixed and permanent, so you absolutely should not turn it into a full time job. |
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I believe it is!
What do you do to relief trading stress? Do you have any alternatives?
As for me I stopped trading for 3 months and play blockchain games. Now I feel myself better!
Usually, if I got stress in trading, I will leave trading for a while, go out with my friends and having fun. So far, the stress does not come for a long time, but it's only for a couple of hours, and after I come back to my house, I can clear my mind, and I can continue to trade. In the other time, if I got stress again, I only stay at home and take a rest, maybe I will sleep. There are many things that we can do to relief the trading stress, and it depends on us how we solve the stress. Playing games can be a good solution to relieve stress but don't forget that you can continue to trade and stop to play. - Stop trading and go out to relax is really one thing that we should do when we face stress in trading because it will help us avoid mistakes and psychological crisis, many traders do not do that and they begin to be unable to control emotions then destroy all transactions, creating a huge loss in minutes, that is an unnecessary accident. They were able to make things better with just a few hours of rest and seek space to adjust their emotions, like myself, I often go out and enter the gym with friends, a great place to forget about trading and relieve stress. |
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I have seen quite a number of topics here where people have been selling or asking for advice whether to sell their properties to invest them in bitcoin. Am surprised some people forget that crypto investment is not always a win affairs. You either lose or win. You can as well make profit in crypto with small capital if only you have the patience to hold and wait for the time when the market is booming. Do not be a greedy investor. Always invest with an amount you can afford to lose. Have a nice day.
Well in my opinion you don't need to make big investment In crypto. Or make small capital to make profit. Just join in bounty program or any kind of campaign to make profit. I agree. There are ways to earn without investment on the first place. I am also started with nothing but my account and find campaigns. I earned and invest some on the potential coins that now keep waiting to increase the price. I sometimes do trading, little by little I get profit. - You should say more correctly that we are still investing but what we invest is not money, it is time and effort to get the first money, build a good account and participate in campaigns, these are the first steps of most people here. And it creates a solid foundation of knowledge that helps us grow better, while big investment will bring worse results, we do not have the accumulation of knowledge and development over time, after that we will have serious mistakes, and instead of earning profit, loss and failure will always be the first lesson |
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i think this monthly red is normal, just like how it was been red during this month last year, im still positive that this will end in the months to come and before the year ends we will see a green day!
- Yes, red at this time is a very normal thing in the last year and then, the value of bitcoin jumped in the last months of the year, create a historical price that every one here can not forget, the past is glorious, but the future can be repeated again or not. That's a really big question, although I'd love to be a positive person like you or a lot of people here but the picture of reality still made me unable to accept and believe in the future of bitcoin, the market, the news and the community, everything is in a bad state, lacking in excitement and despair, I can not see anything that can bring green, the truth is too obvious and undeniable |
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At first glance, the life of a trader is very simple and interesting, as a trader can travel the world and work from anywhere where there is the internet. But sometimes his life is hard labor when you need to sit in front of monitors and monitor the entire market and trade.
- Well, if you are looking from the outside and have never lived the life of a real trader, you will find it very interesting and colorful, even very liberal but reality, the scene you are imagining, it is very wrong, it is not the real life of a trader. The real life of a trader is very complex, I can say that they work with a full time frame, as long as the market is vibrant, they will be there and participate, although sometimes they still have a lot of time to relax but they never do that, their psychology is very unstable and stressful, every second every minute is money to them but it's too much pressure, and I never choose this life |
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Bitcoin transfers even between countries on average the administrative costs are very cheap. Obviously more profitable than banking transactions, the administrative costs of which are still expensive.
I hope that all banks can see opportunities for Bitcoin to be utilized. Although I acknowledge the central bank's concern if Bitcoin transactions are used for prohibited matters.
One step that can be done by the Bank is to allow Bitcoin transactions on condition that they have to be registered on a special platform. Later the patform must be accompanied by a central bank permit.
This means that all bitcoin transactions must be recorded by regulators, now there are many illegal bitcoin transactions without permission and without supervision from regulators.
There is one country that can use it, for example in Japan that allows transactions with Bitcoin, even for payments in retail stores.
The government in Japan actually allows retail stores to accept payments via bitcoin. There are 4,000 stores that accept bitcoin payments. So far there are no problems. Even the Japanese government is making its own cryptocurrency.
That's true. More efficient, easy to use and secured as well. Instead of going to bank to withdraw money, you can just use the cashless transaction options from online wallets. You can also earn while at home. Additionally, even 7 year old kid can use Bitcoin with ease. - I can not deny that bitcoin is actually more efficient than bank transactions when the speed of transactions is quite fast and the distance is the whole world but it is not perfect, sometimes it can happen problems as delay and if we send the wrong address, that money will not be able to retrieve it. People can not fully trust it while banks are very reputable in such matters, they can handle very quickly situations, and therefore, bitcoin can not compete with banks, and banks are not afraid of it as many have said, they are only afraid of solving the problems that bitcoin brings |
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The simplest mistake may be the control of your cryptocurrency. Not listen to the opinions of experts in the field and rush to make decisions when there is no basis.
Then do you think we should listen to the advice of the experts? what if they lie for their own benefit? I think most traders' mistakes are because they trust too much on the signals of the experts and are too dependent on them.. - Exactly, this is a huge mistake that I have ever made while joining in the crypto, believing in the predictions of the experts, and the results always make us very surprised, all predictions are not effective and we become victims. A similar mistake and our next, traders and investors, we have put too much faith in the future of crypto and bitcoin and because of that, we never cut losses promptly, even believe everything will recover and continue to hold, and the actual results have proved to us all, this belief is a fatal mistake |
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