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Indeed, Bitcoin as an asset was able to show an incredible result of growth, which brought it to the first place among the rating of international companies. Yes, this is an amazing situation, which has not yet had analogues. Is this good or bad? I think well and even think that for Bitcoin, the capitalization of 1 trillion dollars is far from the limit and there is a high probability that the capitalization of BTC can reach 20 trillion and even higher. Why do I think so? The fact is that BTC can, to some extent, become a replacement for the US dollar, and probably in the next 4 - 5 years it can absorb most of the dollars, which will increase its capitalization. In any case, Bitcoin is now one of the most attractive assets.
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In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
If we all want Bitcoin to be accepted in the world and be money, then it must be regulated and comply with international financial laws. Based on this, Bitcoin should also be taxed. I also do not mind this, since it will allow Botcoin and the entire crypto industry to be accepted all over the world, and as a result, it is cryptocurrencies that will be able to replace the existing financial system with a new, more practical one. |
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Wanna know that should i hold my investment or do day by day trading. And now its at 500$/BNB. Convert them or keep them and wait for pump?
As you may have already noticed, cryptocurrency prices rise and fall. As far as BNB is concerned, it all depends on what you want to get out of this cryptocurrency. If you want to get the maximum profit, then you need to wait for the main pump of the BNB price and with a high degree of probability it may be in the second half of 2021. If you want to make money on BNB more often, then you need to trade BNB on crypto exchanges, but for this you need to guess the price behavior in order to know when to buy and when to sell. Personally, I just hold my BNBs down to the main pump at the moment. |
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I had 3k on pancakeswap and did almost 4x now is return to break even.
I had Ethereum 4.7 now its 2k
I had ada $2 now is 1.5
Also I lost in ogn
I lost a lot of money on crypto more than 8000$
Is it recoverble this year?
I think you have a chance to steal lost funds towards the end of 2021, but for this you just need to wait for the next rise in the price of cryptocurrencies. I believe that 2021 is the last year of the next cycle in the crypto market, and as practice shows, at the end of each cycle there is a large increase in prices. So we can only wait and believe in another flight to the moon. |
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Today i realize the current market capitalization of the cryptos passes the Apple market capitalization... This is crazy because Apple is the company with the biggest market capitalization, and to see the cryptos market bigger than apple just means that bitcoins and cryptos are a bigger company even if it's decentralized.
I know the current market capitalization can have a hard drop in the future, but right now is impressive to see it over $2T.
Indeed, the cryptocurrency market has grown significantly lately. If we consider cryptocurrencies as financial assets, then here is the answer to why the crypto market has a larger capitalization than Apple. It's all about finance. The fact is that more people want to make money on cryptocurrency than those who want to use Apple products. But I believe that this is not the limit for cryptocurrencies and the capitalization of the crypto market continues to grow. |
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It is probably true that a bubble is when the price of an asset is too high. I think a great example of a bubble right now is the US dollar and its number of companies. To see this, you should turn your attention to the stock market and how much money the United States prints to support its companies. Hmm, but if the company's product is really in demand, then why print money for these companies? Yes, the answer is obvious, there is no demand, and the price is artificially supported. With cryptocurrencies, things are a little different. You can just be a holder of, for example, BTC, and thereby preserve its price and create demand in the market. But there are other problems for crypto, for example, price manipulation and the same pump for price growth. So the topic of bubbles will always be relevant and there is nothing we can do about it.
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Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.
Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.
Your opinion?
I don't think anyone really wants to shut down BTC right now. Now there is a lot of different information on this matter, but most of it is just manipulation and large players specifically use this information and some media people to whip up the situation around Bitcoin. This is how I see it. Even at the time when BTC appeared, it could be stopped, but no one did it, and now, after several years have passed, BTC has become stronger and its use has become more, which means that the idea of closing it becomes even more unrealistic than it was at the time of it appearance. The emergence of blockchain and cryptocurrencies was not accidental, but planned to achieve certain goals. So BTC is now like the Internet, in order to stop them, you need to turn off all the power in the world, but no one can do this for sure. |
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Why all crypto are dropping these days? Will crypto pump again? Or that’s the end of the bull market of crypto ?
I noticed a trend when prices for crypto go down, then immediately there is a panic in the crypto market, where the most important question is, is this the end of the bull market? I believe that this is not the end of the bull market, but on the contrary, another correction is needed to cool the crypto market and lure the top crypto assets out of weak hands. In general, I believe that by the end of 2021 another round of growth in cryptocurrency prices awaits us, and only then there will be a long correction. Why will there be another growth at the end of 2021? I believe that it is then that the next cycle of development of the crypto market ends, and as history shows, the main increase in prices for crypto occurs precisely at the end of each cycle. |
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I believe that Dogecoin deserves it because this cryptocurrency has been on the market for a long time and sooner or later should have been successful. But something tells me that this is not all and in the next 4 - 5 years Dogecoin will be able to show even greater results. Unfortunately, I turned my attention late to this cryptocurrency, but how to say better late than never. |
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It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views
I agree with you that in order to get maximum profit, you need to keep your cryptocurrency as long as possible. This proves the rise in the price of, for example, BTC since its inception until today. Of course, if you know how to be patient, you can get super big profits, but it's not so easy, because the price of cryptocurrencies also sometimes goes down rapidly, which causes fear and stagnates to sell. I also went through all these stages and understand how important this is. |
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The fact is that while the existing financial system operates, no one and nothing threatens banks, not even Bitcoin. In order for banks to disappear, a new global financial system is needed, but since it does not exist yet, the banks will continue to work. However, the emergence of Bitcoin and other cryptocurrencies gave rise to thinking, are they not one of the elements of the future new global financial system? I believe that this is probably the case, and when the time comes for a new financial system, then Bitcoin will probably be able to occupy a niche of banks and become something more than just a top cryptocurrency.
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As China bans bitcoin again while India unbans bitcoin again, this is getting played out. The energy consumption FUD is tired BS. The tweets, the misinformed articles, media FUD, etc. This is all getting boring. The fundamentals haven't changed, and the manipulation is getting boring. Seems like every rally, the same boring FUD comes in and scares the newest wave of recent buyers. It's cool if you bought within these recent few months, but stop fucking panic selling and wait for fuck sake. Don't like the current price, wait. Not giving you a good profit, wait. Fucking hold and wait.
It was to be expected. When the FUD towards cryptocurrencies begins, it is clear that someone really wants to lower the price of crypto assets in order to buy them at a low price. And as we can see after a short time, when the deed has already been done, FUD disappears and positive news reappears. Everything is designed for weak hands and this is not the first time this has happened. So, as you rightly pointed out, if you don't like the price of your crypto asset, then just wait for the price to go up. |
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I have studied in detail the possibilities and offerings of the Student Coin platform and can say that this platform really deserves special attention. But I also took part in the bounty campaign of this platform and, unfortunately, was surprised when, at the time of the payment of the rewards, the payout pool changed dramatically. Of course, I understand the Student Coin team that they do not want to pay this money, but if everyone and everywhere does this, then the point is to work? We work to earn money for our livelihood, but when we are deceived, the question arises, why is this happening? Apart from this problem, the Student Coin platform is generally good. You just don’t have to promise what you cannot do.
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