Can someone be addicted to trading? This is very surprising to me and I am still still skeptical about this...
You can be dependent not only on trade, there is such a term as a workaholic - https://en.wikipedia.org/wiki/Workaholic - "is a person who works compulsively. A workaholic experiences an inability to limit the amount of time they spend on work despite negative consequences such as damage to their relationships or health". |
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...I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please
Theoretically, there is nothing difficult to make a profit from bitcoin trading: buy on the bottom and sell on haight. But this is only in theory, in order for it to be in practice, knowledge and experience are needed. Simpler for a beginner is the bitcoin holding strategy, when you buy BTC and hodl till of the goals you have designated. |
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In his last tweet from February 15 - https://twitter.com/elonmusk/status/1625695877326340102, Elon Musk introduced the new CEO of Twitter, which Floki acted as. After that, the Floki price increased by 100% overnight. Why did Elon Musk not promote Doge, as he did earlier, but preferred Floki to him? Has he changed his priorities? |
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...BUSD can also be pegged with any other Local currency such Yaun, Ryal or another currency it has low possibility but still its possible for now feel safe with the USDC
If BUSD will be tied to any other local currency, then it will be something else, but definitely not BUSD. And I am sure that investors will not trust the new stablecoin as well as they trusted BUSD, because no local currency can compare with USD. |
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The level of security that Binance provides when making p2p transactions is the highest, but for this you should follow the rules perfectly. Nevertheless, I choose a trader to make a deal who has a high percentage of positive reviews. At the same time, it should be understood that not all traders leave positive feedback after a successfully completed transaction.
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...Now that we know USDT and USDC are untouchable by SEC for they are issued by US companies, I guess there is more to trust these stablecoin than any stablecoin issued by anyone. Therefore, USDT is safer at least that's what it appears to be.
The issuer of BUSD is also an American company - Paxos Trust Company, and this was the reason that they had to comply with the NYDFS order to stop issuing BUSD. So the closer the company is to the American regulator, the more likely it is that at some point they will be under their close attention. |
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Even though the SEC has some issues with them but still I have some trust left in these stablecoins (Busd and USDT). But then, if we talk about holding them for long is another story and it is quite not ideal in their current situation, it might change when they settled it down and close the issue. However, we are still cautious with our actions.
I'm still using BUSD and I have no problem yet which is why I still consider this coin important for me. But for those who already have doubts, I guess you don't need to urge yourself.
And what positive solution can be expected if Paxos Trust Company has already stopped printing BUSD and started burning it. And Paxos has already started burning BUSD, here is a link to the first burning of 61 million stablecoins: https://etherscan.io/tx/0xcaefe0fa62e58eaa0ae18e66cf1923d2f70b8d635ca290a321d6beefe8277725 As follows from Statement Paxos, you can use BUSD for at least another 1 year. |
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This is made worse by the fact that it seems that Circle itself is stabbing behind Paxos, it can be said that the future of stablecoins is putting a new order and the advantage is in USDT.
Yeah, I just read that it was actually Circle who filed a complaint against Paxos. This might be Circle's way of retaliation against Binance who "delist" USDC by auto-converting it to BUSD a few months ago. Guess now Binance will either increase their reliance on USDT or "re-list" USDC. Curious how they're gonna handle this. I don't think that after Circle initiated an investigation against BUSD, CZ will decide to return the USDC listing to Binance. But there is also no way to make an equal replacement for BUSD, whose trading volume will decrease in the near future. So all trading on the Binance exchange will be concentrated in a pair with USDT, which will significantly strengthen its position in the market. |
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What do you guys think about BUSD? Do you think it's worth using over USDT?..
You have chosen the most unfortunate time to exchange your USDT for BUSD. You obviously don't know that the Paxos Trust Company, which is the issuer of BUSD, said that it stopped issuing this stablecoin and decided to burn it at the request of the SEC. |
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Today one big argument about Stablecoins is: "Stablecoins are no investment."
But this is fan's blindness or a blank lie (in some cases): The stability of Stablecoins is about to trade the Arbitrage. This is the way to keep it stable.
Isn't that just too vague to be used as a reason for calling BUSD as a security? Remember that SEC has set up the Howey test so which one did BUSD fail at? And what kind of securities does BUSD fall? Is it derivatives? They should probably update their definition and coverage of securitiea first. I am surprised by the fact that Paxos Trust Company did not even try to challenge the SEC assertion in court, but immediately agreed to stop the release of BUSD and has already started burning this stablecoin - https://etherscan.io/tx/0xcaefe0fa62e58eaa0ae18e66cf1923d2f70b8d635ca290a321d6beefe8277725. We are not yet fully aware of the consequences that this decision will entail. |
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...but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not?....
There is no safe investment either in real life or in the cryptocurrency market. Moreover, you will have the highest chance of losing your money exactly when investing in crypto. But these risks will be lower when investing in bitcoin than when investing in altcoins. |
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...Suppose you have taken a loan of 100k money with 10% interest. Then every week you have to pay 1k money. If you take 100k money then you have to pay extra 1k money per week. ..
You need to pay more attention to mathematics, otherwise you won't be able to calculate your profit correctly)) 10% per annum from 100 thousand dollars means that you will pay 10 thousand dollars as interest for the year. And given the fact that there are 52 weeks in a year, then you should divide these 10 thousand dollars into 52 weeks and it turns out that you will need to pay $ 192 per week as interest on the loan. |
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...My side question to this would also be: Which type of stablecoin do You find the most credible in the Crypto space? ...
There will always be a risk that any stablecoin may become worthless. Accordingly, it is impossible to talk about full confidence in any stablecoin. Nevertheless, we are forced to use stablecoins if we are engaged in daily trading. No, if you have free funds, then the best solution would be to exchange them for fiat using p2p. |
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As a new beginner how can I make success in life through the crypto space...
To succeed in life with the help of the crypt, you will need extraordinary abilities that can be obtained through training and experience. You can get the same fame after graduating from medical university and becoming a famous surgeon who performs unique operations. So you should think again carefully about which path you should choose. |
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For many, cryptocurrency trading became the only way to make a profit when the quarantine was announced due to Covid-19. And it was not our decision, but the decision of the government, which made it impossible for us to work in the office. And many for this forced absenteeism, were able to improve their skills in trading and now do not worry about the fact that they may be out of work.
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...Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.
To understand how the market works and which coins to buy requires knowledge and experience that you do not have. It can definitely be said that trading is not for you and you have to accept it, otherwise you will continue to lose money. You need to retrain from a trader to a long-term investor. In this case, buy a time-tested bitcoin and do not mess with shitcoins. |
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Recommendations please and why your suggestion is safe too thank you
You are in the cryptocurrency market, so you should understand that it is impossible to invest safely here, and there is no guaranteed profit here. But if you choose where to place your finances in the event that they are not invested in cryptocurrencies, it is better to choose a traditional bank, since the difference in profit that you will receive from placing your stablecoins will not cover your risks from losing your deposit. |
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Sad news guys. I had to stop this after sometime. It was done recently. There's been some legal issue going on here in my country and people are getting arrested for their involvement in cryptocurrency. I will have to continue my business, but in order to do that smoothly, I had to remove the crypto payment method. If you wish to know more about this, here's an update I made few days ago regarding this matter.
It is this circumstance that I draw attention to in my post https://bitcointalk.org/index.php?topic=5429986.msg61480828#msg61480828, in which I asked about the legality of such a method of payment for goods in your country. Most entrepreneurs face similar problems, since in most countries this payment method is prohibited. |
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