I do not think bitcoin is said to be a gold. but to be an asset indeed bitcoin is perfect because bitcoin has many advantages. digital assets and also investment is an advantage of bitcoin
I also do not think that bitcoin is digital gold, what I see from it is an investment that is risky and also full of opportunities to grow, bitcoin always exhibits an unstable trend every day while gold always exhibits a stable and less volatile trend, both have no similarities. In addition, gold is always a product that receives acceptance and protection from the government but bitcoin is in the opposite direction, unacceptable and backed by the government, the value of bitcoin is a belief bubble, it has no safe, so we can not link and think it is a digital gold, that definition is so wrong |
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We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
In this kind of situation, wherein we don't have control over the nature, what important is the lives of the people and forget for a while about trading and investing. For sure having no electricity is not for a lifetime. Then, trade again if it is already fixed. If the market is in a critical moment, forgetting to trade will not bring us a good result, so we should look for some measures to solve the problem when we fall into this situation, nothing is impossible to solve as long as we try and think. Although no electricity and telephone can not connect to the internet but we can still call some of our close friends or relatives in other areas, they will help us, maybe this will be quite troublesome but it's still better than waiting, even if this is not possible, we can go to some places with internet connection in the area, these are places for emergencies and needs |
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it was definitely an interesting read but i don't like the way it is putting it all together.
for sure, nobody can deny that luck plays an important role in everybody's lives, rich and poor alike. some have good luck and become more successful and some others have bad luck and fail. but to say being rich is determined by chance is wrong. i do believe in hard work. you may get lucky tomorrow and win the lottery but without hard work, talent and a functioning brain! that money is going to vanish in thin air so you will never become rich.
for example when i look back at my life for the past ~5 years, i have been working hard and i had a terrible luck with finding a job, making money, and anything else you may think. and although i am nowhere near being rich but i have improved my life significantly. and i will continue doing so until i get there.
From what you say, I highly agree that luck or opportunity is just something temporary, it can not determine the rich, more precisely, our lives will become better in the short term when we are lucky but whether this lasted or not, it depends a lot on our talent and intelligence. Talent will help us maintain a rich life, instead of opportunities because the opportunity is not forever, it will soon disappear while talent is a permanent tool, it can help us make money regardless of whether we have the opportunity or not, talent automatically gives us the opportunity |
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To all parents and soon to be parents out there, Plan for your children or future children by saving Bitcoin for them. Buying them bit by bit would be a great investment for the future of your kids. I am saying that you must have a new wallet for your kids so that when they come at the right age, you can give them that wallet and imagine how bright their future will be. You can hold bitcoin for their education, life plans, or whatever you think of. I believe that if you start storing bitcoin for them now, a bright future is ahead of them  Obviously the wisest thing to do is to just hold your tokens in your wallet and overtime you can already notice the growth in your investment over time in my experience holding a token in almost 8months makes me almost 400$ but also depends on your volume of investment so proven that if you hold your token and maybe you can use it when you already have a children surely your investment will pump in that time. I wouldn't exactly put my kid's future solely on bitcoin though. Of course it would be good if i have bitcoin holdings but i wouldn't put their future in it. Having other investments for the future would be a lot better for me. A diversified savings and investments for your kids is the safest and i wouldn't have it any less. I will also choose as you do, I do not put my child's future into bitcoin because I can not be sure that until they are mature and knowledgeable, Bitcoin will still be the best and most profitable investment. Bitcoin changing every hour and every day, and always go in different directions, there is no fixed, saving bitcoin for the future of the kids is never a wise thing, instead of focusing on bitcoin, as you say, we should choose other investments, that could be a savings fund from the money we earn in Bitcoin, or invest in gold, even buy a piece of land, all choices are better than bitcoin |
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Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?
Based on my understanding, yes. Technical analysis makes a big difference when you are investing in cryptocurrency. Why? Because it can give you a scientific proof on how the market is moving and when is the right time to invest and sell our stocks. Well, technical analysis really gives us an overview of the market, we will see the market trend then recognize the signals that the market brings, that may be a reversal trend and potential buying points. However, things are just relative, that means that we should only consider it as a reference, instead of overly believing in technical analysis, I have seen so many people trust and rely on technical analysis too much then they failed and blamed technical analysis, that is a mistake, they died because of ignorance, they should study and observe more |
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In my opinion, bitcoin has a value because of useful of this in many online services that accepting bitcoin as a payment . Such as Trading , buying goods ,investment and many more in online. The more the uses of a thing the more the users come .
I do not think so, until now, no one can determine whether bitcoin is useful and becoming a payment method in the future or not, and bitcoin users still do not like to use bitcoin for payment, that tells us that the value of bitcoin is not based on this. In fact, the value of bitcoin is based on trust, rumors and pumping from many traders, that makes us think bitcoin is worth but all that is temporary, someday, we will realize that bitcoin is of no value, the value is in blockchain technology |
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Yes i still trade when the market is red but as usual when the market is alive . Red only says that few is trading and panic sellers are too much. Buying at dip price is a good way to earn higher when the bull market starts.
If you are a person that has existed and you are very familiar with this market for a long time, trading in the red market is very normal when you know that it is a good opportunity to accumulate and receive a large profit after a recovery. However, I still remind you that the red market is always the giant spider web, if you are not careful and pay attention, you will easily fall into the trap and your capital will stand still, and you can only wait for a long time to get out of the situation, with people who have weak psychology or lack of experience, they should shut down and go to sleep, instead of plunging into this game |
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Big Banks are so nervous about Bitcoin because BTC came about to disintermediate third parties. Banks are definitely unnecessary when making transactions person to person, especially across borders.
Digital currency can now be used as bank, thats why banks is so nervous about btc. If btc and other altcoin are being used by majority, then banks will not be needed and will be bankrupt. But looking at the real situation, we can clearly see that the number of bitcoin users and the number of bank users still have a huge difference, most people still lean toward the bank, bank reputation is still the number one in the minds of so many people. Therefore, I have reason to believe that the bank has nothing to fear bitcoin, it still can not pass and replace the bank, the problem that big banks worry about bitcoin is that they are afraid they will not be able to adapt and work with bitcoin in the future when the technology of bitcoin is too new and they are lacking in technology to respond in time |
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from your explanation I certainly would prefer to look for a real job than just playing bitcoin because with real work you can earn a salary every month with a precise different if only play bitcoin whose income is not too sure.
Of course, the real job is always a more appropriate choice because it gives us the assurance, fixed income and long term in future, while bitcoin always gives us a very vague and unrealistic feeling, it can even seriously decrease or disappear any time it wants, dependent on it will not be a wise choice, full of trouble and danger. Bitcoin should just be another way to grow or make more money with us, do not use full time for it, we can not have too much work in this market when we are just a small investor, spend a small time every day is enough |
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it is very good and very supportive for financial progress in the future. in addition to the science can also find out the risks of investing from Bitcoin, so when they graduate from high school they will know how to trade Bitcoin and can know support and resistant about Bitcoin Trading. they will also know the basic stage programming of Blockchain, perhaps later in the day could be the founder of a new coin, just like its Vitalik Butterin. Yes true, hopefully by being taught bitcoin in in high school then they become active users and can continue to make bitcoin persist for a long time, thing we must believe is bitcoin is transaction system which immediately replace traditional system that is fiat and banks. I really can not believe bitcoin can replace traditional systems when the government is always annoyed with it, it is still a product that causes too many problems for the government at the present time, replacing fiat and the bank is just a fairy tale, hard to come true. Talk about cryptocurrencies education in high school, school will help to spread bitcoin faster than ever, improve knowledge and bring a look to the future with young people but in return, bitcoin is not suitable for the education system, it makes young people change their thinking about making money and become more dreamy, instead of focusing on the fact, so hopefully the school only explains the basics and does not go too far on this |
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I believe it will be bro. Investing in bitcoin now will certainly provide benefits in the future. We all know that bitcoin is getting popular and many big investors are investing in bitcoins. We also understand that bitcoin will increase in months or years. So investing in other bitcoin or cryptocurrency assets is great now. Hopefully in the future we become millionaires.
With bitcoin, you can not assert that in the future you will get profit with it, all is just a bet, it can sometimes be true but sometimes it can be wrong, so do not put too much faith and money into it, that only makes your failure worse. Millionaire is never a simple door that we can step through it easily by investing, we will need to have reasonable calculations, strategies and take advantage of the opportunities that exist in the market, that will help us break through the door of becoming a millionaire, millionaire with a belief is not enough, you need more than that |
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I think it is easier to make 1% when your capital is small , than it is huge , making daily 1% if you got 1000 btc , means 10 btc a day!
So Always compare percentage with number not only percentage!
More precisely, we need a reasonable amount of capital and it must be consistent with market because if capital is too large, we will become sharks or whales, this will cause imbalance and affect the price of the market. 1% daily can be done as long as we are a trader with a lot of experience, skills and good market analysis but the risk in the process will not be small, we will need to be very careful, personally, I think instead focus on earning 1% per day, why do not we hold a potential altcoin at a cheap price and get 20-30% or maybe more after a few months of waiting |
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I still use MEW. from my first entry in this forum, until now. because almost all bounty campaigns use MEW as a platform. and it's very easy and safe.
I also continue to use, MEW is still a good, safe and easy to use, we can not just because hackers attacking in the recent time that we have bad thoughts about it, that is a false thought and negates all the contributions of MEW to us. Nothing is absolutely safe in this virtual world, any system will have errors, sometimes hackers exploit the flaws and steal money, we can not blame anyone, this is one thing that no one wants, and we should know that after each event like this, security will be better and more upgraded, and to be more secure, we should divide the property and restrict putting all in one place |
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If all the world will accept cryptocurrency than yes, I think they can do it and they will. I think fiat money are dying, and there will be new king.
Silly, you should not negate the value of fiat and enhance the value of cryptocurrency, I know that the government is planning to create their own cryptocurrency but that is just to serve the purpose is consistent with the development of the country, in line with the progress of the world. Replace fiat is not in their calculation and intentions because fiat too useful and convenient, the evidence is very clear when in real life, the number of people that use fiat is still very large, transactions always have fiat, it is an essential product and can not be replaced |
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By watching and analysing the market you maybe can get some signs of possible dump but still you can't know for sure. For that you would need a cristal ball.
But if you are a serious trader you will be ready for every scenario because you would know how easily market can change. Also with experience you will get some hunch that will help you to make the decision.
Exactly, our experience will help us to feel the danger is approaching, we will know the pumping time has ended, the dump time will begin, from there we can make reasonable decisions and help us avoid deadly storms. Although this is often incorrect but it's still better than no way to define the dump, I rarely analyze the market to know before the dump because the market can always produce false signals, observations only make us confused and have no direction to solve, I believe in intuition and the cycle of the market more |
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if bitcoin start to gradually falling, what you can do is waiting and hold your coins.
you can start to buying more coins and collect more coins for your future profit.
Hold and wait are probably the most preferred ways while the bitcoin era still exists because we all know that as soon as the bitcoin falls to a certain extent, it will recover stronger than ever, we do not need to be too worried about prices, whale groups will worry about that, they will automatically push the price up to make a profit, keep buying is also an option when we have free money. However, it is the era of Bitcoin still nice, if it falls into the case of bitcoin has become an outdated technology and it is no longer developed, selling as soon as possible is probably a wise choice before the bitcoin continues to go down |
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I think there is no reason why ICO died in 2018 .ICO is a simple and good way to raise funds and support projects. I think ICO will become more popular and more important in futre.
I agree that the ICO will not die but it also will not become more important in the future because we should know that too many projects appear, real and fake are indistinguishable easily, many people have lost money in fake projects then lost trust in the ICO, that makes the future of the ICO not so bright. In addition, when this market grow over time, people will gradually choose reputable altcoin, potential for long term or medium term investment, eliminate the ICO projects related to similar fields, the future of ICO will be more difficult than ever |
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Really bad news and a panic, yes. Although BTC staying above $5k for so long now could mean it might never drop as low again. Nobody knows but I'd bet the price will be much higher than now in a couple years, there will probably be a day when $10k is considered low.
And this is probably a bad news that can be said to be extremely terrible affecting the future and development of bitcoin, otherwise, wanting to bitcoin down to $ 4000 again is just a dream story, even I think it's down $ 5,000, I sold because at that time, Bitcoin was no longer a good investment. But this case is hard to come to us when the field of mining is very large, the cost of buying equipment, repairing and upgrading is also a pretty big number, if the bitcoin is reduced to $ 4000, the miners will not have too much profit, they will not let that happen, what they will do is constantly pumping and pumping |
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There are many signal groups where you have to pay some hundreds of dollars pet month. SO the problem why people are following and paying for groups like these is, because they have no idea about trading and how the whole market works. So they decide to listen to other people. Instead of doing these, i would first learn how to trade, read the charts and analyzing the charts. And then you can start trading by yourself, and when you do a mistake, you can be angry to yourself because you made the mistake.
Well, many signal groups always force members to pay fees every month, it is quite expensive and I feel that the credibility is not high because this market is a collection of many different investment components, this person has a signal, others will also have, the war between components and groups of people with different signals will occur, according to a signal will be difficult to have high accuracy. So I strongly support your point, learn and repair from mistakes, it will be better and more stable, instead of letting us follow the arrangement of others |
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It can be siad about everything popular nowadays, if we replcae "bitcoin" on "dollar" nothing will change because terrorists don't care what to use for their goals.
I disagree with the headline statement. I don't believe that cryptocurrency kills people, it is an instrument created to help people and the community. Let's not put all the incrimination to cryptocurrency. It's us who kill each other, and sadly ourselves. Abusing its usage, being irresponsible, negligence, greediness, dissatisfaction and negative thoughts. I hope we can slowly eradicate this kind of attitude and live life happily, full of love and hope. Of course, cryptocurrency is just a product, a technology of the modern generation, its self can not automatically harm people, people use it for evil purposes and kill each other, it is not related to the issue of killing people. Simplicity, depending on the purpose we use, cryptocurrency will bring different results to each person, if we work seriously and want to use it to improve our lives, crypto will certainly not harm us but if we use for terror, buy dangerous weapons, the result will be the opposite, crypto will kill us, we can not blame it, the source of the problem is from human |
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