Latest posts of: gamechangers

This piece is highly appreciated. Despite all professional guidelines on how to manage yourself in the cryptocurrency world, we still find out that people still make horrible mistakes that lead to loss of cryptocurrencies. In addition to what you have said, it is quite funny to realize that people still take loan and sell their properties to invest in cryptocurrency.

Any name ascribe to bitcoin or other cryptocurrencies today is result of how people use it. When people are involved in any kind of financial crime such as money laundry, terrorism financing and so on where bitcoin featured prominently, you quickly hear the name calling such as bitcoin is used for this and that.

Everybody has been a victim of this kind of situation at one time or another in the past. It will continue to be like that and that is what makes the market beautiful since nobody can predict it. Some people lost far more than you did. You can make great gain later. Just have perseverance.

Bitcoin is not fraud and neither is it a ponzi scheme. This is one of the things people who are ignorant of what exactly bitcoin is often say. Comparing bitcoin to an iPhone or MacBook is absurd because bitcoin has appreciated in value over the years and his iPhone will always depreciate once you own it.

Human beings forget too soon. We witness this often times in our daily lives as people tend to be ungrateful for the good we did for them. We are also seeing same with bitcoin today. Very many people have been made by bitcoin but all they do today is to say negative things about bitcoin.

I recommend all the people close to me to join cryptocurrency and invest at this point in time. It is a special privilege. If I encouraged my friend and family to join cryptocurrency when the price was high, why won't I do same now that they have the opportunity to buy more at a reduced price.

I guess that majority of your friends enter the cryptocurrency market without acquiring detailed knowledge but for the fact that bitcoin hit the all time high of $20000. There is no how they won't have losses because so many people did but the degree of losses may vary from one person to another based on their knowledge.

It is not bad to think that the price of bitcoin or other cryptocurrencies will rise again but nobody can say when or how soon this will happen. Investing now is very good because cryptocurrencies are all very cheap and one can simply patiently wait till the price of cryptocurrencies goes up again.

The growth potential of bitcoin is quite enormous therefore we should not be in a rush to reach the desired destination. At some point, the price will fluctuate. Often times when I hear people impatiently say that this is the end of bitcoin, I smile at the level of ignorance being demonstrated

This is the trend nowadays. People are now in a hurry to quickly dump a huge part of their cryptocurrency because they equally feel that other people will do same. By the time so many people engage in this panic initial sale, the price will automatically drop far below the ICO price.

Cryptocurrency is risky because of the reason that there is no guarantee that your money is safe. For this reason, it is advisable to take calculated risk. If you need to invest in any cryptocurrency other than bitcoin, it is important to do this due diligence as regards the cryptocurrency. Bitcoin is an already established cryptocurrency so the risk is lower.

The price crash is good as you have said and it is not new in cryptocurrency. It may only be prolonged in some cases as we currently have it. In this case, some people will lose by doing panic sale while some will make good gain by waiting till the end when another bull run will emerge.

As low as whatever you stand to earn by keeping your money with the bank is, bank is much safer than cryptocurrency because banking is regulated and everything is under control. There is so much scam in the cryptocurrency space and you can therefore lose much even when you stand to make more than bank.