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It seems to me that the fall in prices for cryptocurrency occurred primarily because it was a general trend to earn good money. Many people bought cryptocurrency before the end of 2016 and everyone wanted to use the moment to earn good money. Today the situation is changing dramatically and Bitcoin began to sell less, but more to buy. Every buyer intends to keep Bitcoin long enough to make a good profit in the future. Based on this, the price of Bitcoin will rise again, But you need to be careful, because later the situation that occurred in 2018 may come again.
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One way or another, big whales have a strong influence on the external state of the cryptocurrency market. Everyone notices that the withdrawal of funds from the cryptocurrency market is still ongoing, but it is not comparable to the funds invested in the cryptocurrency. In order to influence the current situation, you need to limit withdrawal of funds to Fiat by any means, and try to attract more investment in Bitcoin. Why Bitcoin? Because it is Bitcoin that today fully influences the pricing of all cryptocurrencies, despite the prospects and interest of these projects in society.
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If you have significant holdings on cryptocurrencies enough to make you live decently then it is better to find stable employment instead. Cryptocurrencies like bitcoin is unstable when it come to giving you income and its still risky because anytime its price may go down if you are not prepared to it. Even some of the traders are relying solely on cryptocurrency as their life-giving income because they know how high is the risk in living with cryptocurrencies alone. I think it is better to invest some of your profits from cryptocurrencies to a business that can give you continued income throughout the year.
The only way you could live off cryptocurrency would be if you had millions of dollars invested into it. With crypto's extreme volatility, the average individual finds it hard to achieve a stable income to survive in the mainstream world. Those who want the convenience of Fiat and crypto, would definitely rely on both Banks and cryptocurrencies. Without a bank, one couldn't interact with many businesses and merchants available worldwide. Banks are the gateway to Fiat currency, so they're still necessary even if crypto provides greater benefits. Cryptocurrencies like Bitcoin and Ethereum, may be the most popular ones in the world, but they're still not widely adopted by mainstream businesses. There needs to be stability, reliability, and scalability for crypto to achieve said purpose. Many exciting things are yet to come such as the Lightning Network, Sharding, Plasma Framework, and more. With these improvements, and proper regulatory compliance, crypto could become the top choice of merchants and businesses worldwide. Despite this, one cannot deny the fact that Fiat will always exist for years to come. Hence, Banks will never replace crypto and vice versa. Just my thoughts  I want to note another point, thanks to which many people have the opportunity to receive a monthly stable income. It does not climb in the banking system. today, using a cryptocurrency is earned only by a person who has certain experience and knowledge, but no more than that. And using deposits in banks can receive almost all citizens of any country. |
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In fact, I use significantly larger amounts of funds with the help of online purchases and online payments on my accounts. When I rest, it takes me some money and it is during this period that I have to pay in cash. Apparently if there will be a specific infrastructure for the use of cryptocurrencies, then the situation should change dramatically.
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The only problem that today does not allow full use of cryptocurrency is the place of banks, state legalization of cryptocurrency in the world. If a user starts using cryptocurrency and transferring significant amounts, he will always have questions about the sources of taxation income.
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The fact is that the future is a loose concept. It is necessary to immediately fight the time in question. The fact is that I can not imagine that my grandfather or grandmother use cryptocurrency in stores or on the Internet. For a certain category of people, paper money will still be in demand.
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developers of many projects have learned how to freeze their coins now, even after distribution. There are some levers to control the volatility of your own coins, and I think that these controls should be used by a professional, otherwise it will only aggravate the position of your own coins in the cryptocurrency market.
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in any case, a very big break occurred between the quality ico companies and the start of using IEO. So today we can say the Bounty Hunters are working with a new force. Here are just a reward for their work, the guys get a very small and almost scanty, given the current prices for cryptocurrency. Based on this, you need to put all your cryptocurrency funds into wallets for a very long shelf life.
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If we talk about online wallets, then the best wallet is MyEtherWallet, which in all respects is the best and safest. But if we also speak ETH wallets, where you can store only ethereum and a few altcoin, then you can pay attention to the blockchain info. It is a pity that you can not store erc20 tokens there.
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Initially, in many and even well-developed countries, cryptocurrency was met very wary. Today, many countries have even decided to create their own national cryptocurrencies. I would like to take for example Japan, which is very far gone in the development of its cryptocurrency business. I would like to hope that the whole world will follow the Japanese example.
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It seems to me that any user of cryptocurrency began its activity with something more easier, which made it necessary to study this field of activity. As an example, one can cite participation in Bounty companies, thanks to which one could study not only the basics of trade, but also real opportunities and rules for investing in cryptocurrency. I note that with such knowledge, you can use your experience not only in the field of cryptocurrency, but also in real life, in real business.
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I think that the banking system will lose if it fully opposes cryptocurrency. Smithy is raising owners of large banks who lose influence on their customers, and also they lose a significant portion of the profits that remain in the pockets or wallets of users of cryptocurrency. But they will have to accept the fact that the real financial system of the world will exist in tandem with a cryptocurrency market.
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I always remember one story that happened in 2008 or in 2009, when one guy offered to buy two pizzas for 10.000 Bitcoin. Then someone took these words with a sneer, because Bitcoin had practically no value and no one believed in its prospects. But today, many people perceive this information with a hysterical smile, because they understand what great opportunities these were at that time. Simple guys who were simply addicted to computers and high technologies, such as the blockchain, simply playing accumulated a large amount of Bitcoin in their wallets, without even knowing what it would lead to. Today they are billionaires who are practically either gamers or nerds. The same situation is probably with a boy who is 18 years old.
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I think that this is not excluded, When there will be a massive implementation of cryptocurrency in the daily life of a person. And we are not talking about Bitcoin, because there are quite a lot of projects in the cryptocurrency market that will work in different areas of human life, and use their personal cryptocurrency. If you take into account plans that have certain sources cooked Well, that some officials of the G-20 countries are preparing a subject for discussion in the near future at a summit regarding cryptocurrency and the problems of users of cryptocurrency. Thus, it is possible to reveal about a real and positive study of the subject demand, which is very important for the entire cryptocurrency market.
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we still have to take into account the fact that any trade, even speculative in some way, can positively influence the development of a project. But these opportunities should benefit the developers of those projects in question. I mean the work on a real product, so that not only the coin was visually interesting and attractive, but the project itself was interesting for the society.
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You don't need to learn a thing about trading if you start using AI  Thank God there's MPCX... I think that YouTube is really the most important source of information about cryptocurrency and the entire cryptocurrency market today. It seems to me that even a blogger can write anything, but when you hear and see, the information is perceived quite differently. |
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I think that it is impossible to insert one trading exchange higher than another in the rating, since each has its flaws. The recent hacking of Binance by the hackers of the stock exchange tells about its impeccability. Against this background, the future of the BNB token seems very unpredictable to me.
I have been using bittrex since 2016 and I am completely satisfied with this resource. And here it is convenient to trade not only Bitcoin, but also other cryptocurrencies. In addition, the situation did not worsen even after new conditions appeared on the Bittrex trading exchange to provide passport data from all users. |
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If you're using an AI model like mpcx there's definitely a reason to day trade some alts
It seems to me that under the current conditions in the foreign exchange market it is very difficult to trade in other cryptocurrency assets, except ethereum and Bitcoin. Perhaps there are still some coins, but according to the degree of their volatility, the risk also increases. Most likely today only professionals work in this field of activity. |
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In any case, Fiat and a cryptocurrency can exist simultaneously and at the same time have quite a lot of contact. And all the talk about replacing the cryptocurrency of all fiat currencies is nothing more than populism. in any case, until at least 2 generations change, the cryptocurrency will not have a leading position in the economic and financial sphere of the world.
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in any case, Bitcoin is the pioneer of the cryptocurrency market, and any parity has a high price. In addition, if Bitcoin is actually used for its intended purpose, then its value will only strengthen. But we still have to pay attention to such projects, which not only is interested in, but also enjoys almost everything. Already in the autumn of this year, Telegram announced the launch of its personal blockchain.
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