|
Which timeframe are you talking about? If you look at a large timeframe, looks like there will be a trend change, now is the time when the market is saturated and don't know which way to move. Buying Bitcoin now won’t be a problem if it’s for long-term investment, but if it’s for trading on a daily or weekly timeframe I recommend you to wait until the trend is formed first and apply the Elliott wave for decision making.
|
|
|
|
It seems they will start to glance at bitcoin as payment, this will be a very good thing. There will be more advantages in priority as bitcoins have, but maybe this will take a while as there are still many people who say they are not interested at all with bitcoin
We could actually uses bitcoin as a form of currency that could be used in payemnt because at the first place Bitcoin is denounce to be a form or crypto currency which can be associated in digital money. And it could be better in transaction having a decentralized capability for us to do transactions and system of payments. Yes, but unfortunately there are still many people who use bitcoin as a long-term investment rather than being a transaction tool like using fiat. Maybe bitcoin can be a payment tool when its price is stable, so it will be easier to calculate as a payment. |
|
|
|
|
Both Bitcoin and Altcoin influence each other but altcoins have their own value, if the price of Bitcoin falls and the altcoin will be affected, this should be the point of rising of altcoins to defeat the dominance of Bitcoin in the crypto market.
|
|
|
|
The greatest mistake here is to believe in your luck and avoid self-education. to become a successful trader, you should get knowledge. learn everything about the market, learn the terms that are used here, study the crypto world.
In trading we cannot depend on our luck for every time. we need to have good experience and trading skill, which no doubt increase the chances of making big money in trading. Luck is important but it only work in gambling where experience and skill to no carry any meaning. if luck is really affect in trading, i am sure that person will pick gambling instead of trading. i agree if in trading we can't believe on luck, but actually sometime that is happen even rarely. like for example, when XRP down a lot and then back to normal price. Yes, luck is rarely happen and only a few people can be lucky. Actually what we need is a good analysis, knowledge and strategies to make profits. In every gambling and trading require all these three in order to get the planned profits. |
|
|
|
We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
Now I don't think many people spend time for getting bitcoin, but most people now invest in bitcoin and spend some fiat from their income to buy more bitcoin because its price is decreasing, you can say it's currently cheap. |
|
|
|
to get bitcoin quickly by trading Bitcoin with altcoin and other cryptocurrency in the market and promoting it on social media to get many new investors and make the price go to the moon and after the price of altcoin and cryotocurrency is on the moon, can sell all assets in the market to buy cars Lamborghini.
Is this a good strategy?
I got this strategy from my friend
Your friend told a good strategy. On the other hand we help to promote the altcoin. If the coin’s price goes up, we can sell it, but I hope you don't dump the coin, it hurts the community and investors. |
|
|
|
Many says that banks would become obsolete if cryptocurrency would take over the world in the future, but i guess not. Here are some of my assumptions on what would be the situation of banks in the future with cryptocurrency.
1. INVESTMENT
Banks will take an advantage to cryptocurrency using it as their main source of investment. They say, if you cant beat them, join them and bank owners would do everything to fit into new society of financing to find clients on the new generation and still earn from them. Instead of UITFs or mutual funds, they would go for crypto investments.
2. CURRENCY
Or perhaps i would say a dollar account. As far as i know, banks offers a local currency account and a dollar account which can be used for international transactions such as shipment or travel. On the cryptocurrency era, there would be a local currency, dollar , and cryptocurrency account which probably an electronic account. Dollar wouldnt be a big hit that time because crypto can function the same and more effecient to do.
3. LOANS
Who can say that you can only loan fiat on banks? When the time comes, bank can offer crytpocurrency loans which can be used as an investment, business or buying something on cryptocurrency market. Im sure all items can be purchased using crypto that time including cars and real estates. So getting some cryptoloan wouldnt be a problem.
4. SAVINGS
ofcourse, the most wanted of them all. Who.doesnt want any security for their treasured cryptocirrency earnings? Banks which has the main function of keeping your money secured would offer crypto savings which produces interest over time. Preventing scams and hackers that we all afraid of.
As you see, banks would rather adopt than being extinct. Its like those businesses who innovates when society changes. If cryptocurrency overpower the economy, they should go with the flow to survive
Yes, I’m agree with you because banks cannot be replaced with cryptocurrency. I only added 1 point, it is -SOCIAL I see that there are a lot of people in various countries that don’t have internet access or cryptocurrency technology, if the conditions like this, they won’t be able to use their money if the bank uses the cryptocurrency system completely. Most likely the bank will only integrate 30% from the entire system of cryptocurrency. |
|
|
|
Right now Bitcoin is just speculative tool and an asset with some functions of money. But I am absolutely sure that it will become a stable asset of extra high class with a low fluctuations.
It’s true, bitcoin is just like that. But as a stable assets, bitcoin is still very far away from it, until now bitcoin is still not stable. Maybe bitcoin will be stable 50-100 years later because in my opinion stabilizing bitcoin is very difficult. |
|
|
|
|
In my opinion that decrease isn’t normal because it decrease too far. Maybe that unnatural decrease like that because of a lot of ban in some countries until it decrease very far. Indeed, to recover the price, it takes a very long time, but inevitably we have to wait to recover it.
|
|
|
|
|
I bought bitcoin through coinbase but the price is more expensive than other places. In coinbase the bitcoin purchase is so fast and also for transactions via cards in coinbase has been provided maybe you can try to buy through coinbase.
|
|
|
|
|
It’s a waste if some of your bitcoin that you hold is exchanged to altcoins because from any aspect bitcoin’s price is superior to altcoins. I think you better hold it longer and don't panic when the price drops. You have lost a lot of your money because of the panic because you sold some of your bitcoin. You have to be patient and wait even longer to get good profits.
|
|
|
|
|
I'm the kind of person who doesn’t really think about what people say. If it’s not good for me, I'll leave it definitely, as well as other Bitcoin users. If they were smart, they would think like that, but in reality they just followed what people say and choose not to use their brains to think about it, why listen to their words? Who we have to listen to are our parents and scholars.
|
|
|
|
Investing bitcoin is a good choice. Investing bitcoin is like a retirement investment wherein, you can gain profit if you sell it in the exact time. Some of us invest bitcoin serve a source of other income.
Right, because investment in bitcoin is very profitable for now if we sell it when the price is high. It’s risky to invest in bitcoin but from that risk we get a big profits at the right time. |
|
|
|
|
Bitcoin has a separated value from any FIAT. FIAT is just as a medium of exchange, while Bitcoin has its own value. The world economy does run on overlapping debt, but it can backfire if the debt only has a small impact on the pace of the economy.
|
|
|
|
I know some of you would wonder what this topic is doing here, in the Economics section, but since it is in fact an economic question with purely utilitarian goals in mind, I think it is where it should be. This is a serious question and I'm not kidding. I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
It’s better to learn Chinese, if you’re fluent in Chinese you will be easier to learn Japanese because Chinese is the base of Japanese language. Since English language is our international language then why don't we expand our knowledge with this language. English language would be the way to interact with other people around the world and I think Japan and china is in the process of learning English language so we need to wait that people around can speak English so that we can trade around the world without any language barrier.
He wants to expand his language skills, and you need to know Japanese isn’t very fluent in English especially the elders. And using the language of the country can make you accepted more by the locals. |
|
|
|
Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly. https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=nowToday sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that. thanks for the information you provide. but I do not think it would have a major impact on the current bitcoin price. If we look at 2-3 years ago maybe what you give this will look and have a direct impact on bitcoin prices because there were very few people in the world who know of bitcoin as a digital exchange tool. Hopefully, if used could have an impact on the current bitcoin price even though I'm still a bit hesitant It’s not exact if you speak about it now, for now it’s not yet, because the merchants who have accepted the transaction is only a few https://www.coindesk.com/merchants-bitcoin-lightning-network/After the lightning network is launched to the public, the impact will be seen. |
|
|
|
Why give someone money at all? It's a bankers ' business. They have lost their money many times and have many ways to claim debts. Individuals do not have such opportunities. It seems to me that point one needs to be replaced by the fact that doing their business in which you have experience and do not go to someone else's territory. You will always be defenseless there. Leave loans to bankers.
Not everyone is capable enough to borrow from a bank. There are a lot of requirements needed to borrow in a bank and those who don’t have collateral are deprived of the opportunity to borrow money. The sad part is that SMEs are sometimes forced to resort to borrowing from loan sharks even when they can’t afford it because they have no choice. I know that it’s a bad idea to lend money because there’s a huge chance that it won’t be returned but you can’t help but have some pity sometimes. Yes because the requirements for loan from the bank is too difficult especially for people who don’t have a high guarantee value surely the banks will refuse to provide the loan, whether you want it or not we go to the loan shark to borrow with interest greater than the bank. |
|
|
|
|
Loan via Bitcoin is very risky. We have understand what the volatility in Bitcoin and how the market responds, from there the price change can be seen, the changes can be terrible and not only profitable but also harmful.
|
|
|
|
|
Actually they also have their own digital systems but the journal or the article doesn’t mention about blockchain, cryptocurrency that (which in general) using blockchain is inversely proportional to the centralized bank system, and what needs to be highlighted next is the node problem in each branch that must be qualified to store more data.
|
|
|
|
Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.
Not just on money, but also on the economic, technological, and most importantly our mindset system. Bitcoin may never be able to replace FIAT but at least Bitcoin able to be the platform of online transaction for international use. |
|
|
|
|
Show Posts
