Many of us here are saying, why is the cryptocurrencies market is getting a dump these days. Some are saying is because of the FuD, others are saying it is because of regulations laws in south Korea and India which is also child of FUD. But did you know that when ever you sell out of panic, you are contributing to the dump and you are also attacking the blockchain technology!
Somewhat it is true but of course we do not know the reason why people sell their investment. Other sells it because they had already earned from their investment and others sell it out of panic. |
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Older people preferred investing in gold and silver because it is already traditional for them and they can manage their investment much easier. Most of the older people now are not aware of the technology and they might not even know how to invest in crypto currencies.
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We, as physically and intellectually healthy individuals, strive and survive to achieve our dreams, establish our roles in the society and fulfill our needs and wants. But in order to do this, we are also required to be financially healthy. The lingering fact is that money is not achievable as a single candy you can buy in the store. Sometimes, people risk their lives and reputation just to get a handful. Bitcoins are not officially a currency that you can just see in a certain country, that are being utilized and used. So, is dealing with bitcoins and other things related to it also puts us in a risky gamble?
People who announced how much bitcoin they have could put their selves at risk because there are peoples who are insecure and might think of something bad with those insecurities that can lead to life risk of the holder. Always keep your feet on the ground and never announce how much you have and live a normal and simple life. |
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We all know how risky bitcoin is. Let's imagine the most riskiest money deposit situation.
What do you think guys, will this moment ever come and banks decide to offer us Bitcoin deposits (e.g. fixed profit on 1 year deposit and etc).
This can be very, very profitable for banks if they make correct decisions.
P.S I don't mean freebitco.in's offer of holds on their wallet. I mean if official banks ever offer us this service.
Yes that could be possible bitcoin could offer bitcoin deposit in the future it would be additional product for them that could be a source of their other income aside from their regular banking products. |
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Yes bitcoin will not die the deeps are just temporary and the bitcoin and other crypto currencies will recover soon let us just wait and be patient.
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As we all know, stock market had been there for a very long time now and on the other hand, cryptocurrency is a fast rising trend when it comes to the world of trade and commerce. Some may prefer to invest in crypto because of high returns but some will still go with stock market and play it safe.
In your opinion, what will be the best option to invest your money on?
For me i do prefer crypto currency because it is more profitable compare to stock market. We just need to properly manage our investments because crypto currency is too volatile and we should be ready to face risk. |
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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.
We spend time in bitcoins because it can help us with our financial needs. In investing with bitcoin and other crypto currencies it could bring additional income for us to sustain our needs. We just need to be careful on when we are going to invest to avoid losses. |
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I am going to be very honest here with you guys. I know some of you may antagonise or kick against my view. But I will still speak the truth as it is.
My major reason centered on the fact that there is no regulation for cryptocurrencies.
How can someone somewhere in the name of ICO project team, whom you don't even know, some without a verifiable office address, whose presence is just online and the internet, demand your sensitive information including your international passport, government issued ID, proof of your residential address, and other personal information or documents?
What if this person is just a scammer? What if this person works for maybe a terrorist organization who is just looking for real biodata or identities? What if this person is just a criminal looking for ways to fake his own identity and take upon yours or anyone else? What if your verified photograph (face) matching your identity is used in pornography or nudity? What if the data is accidentally leaked? My questions go on and on.
Remember, the cryptocurrency as it is currently has no regulation, as such there is no regulatory body or authority you can petition your grievances or seek redress should any of the aforementioned incidences happens to you as a result of the information you have forwarded. The ICO project team whom you sent your details can as well disappear without trace.
Therefore, as long as there is no Cryptocurrency Regulation, then there should be NO KYC.
I definitely agree with you it is hard to entrust our documents proof of resindency those who are requesting for KYC because others would use it to hack our accounts or scam it. |
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Just like stock market we do prefer to buy at lower cost than to buy the high peak while selling at the peak price specially if we see our target rates. So for me the right time to buy is at low price and sell at high price.
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If people would say that bitcoin is illegal thing I will just ignore them because i kbow for fact that bitcoin is not illegal and it had changed the lives of the people who believe and invest in bitcoin.
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My investment strategy is to buy during the deep and sell when on high. I do also hold some crypto currencies for much higher income.
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I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.
My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
For as long as you have internet connection you can still do bitcoin investments and if its time for you to withdraw your investment you try to migrate to other countries where bitcoin is accepted for you yo be able to encash it. |
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With the global regulation bitcoin and other crypto currency will stay active and alive because it would be hard for the government to regulate it and not all countries are into it. There are still countries who are not aware and lack of understanding about crypto currencies.
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Bitcoin will never die it will continue to grow and will have a very high value. The progress of bitcoin cannot be turned down by any other coin because it is the original crypto that started everything and still on top of the market.
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As we all know every investments has a risk. Before we invest we should be ready to face the risk otherwise we might loose everything. Proper management of investment is the key to be able to manage your investments.
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The news in term of development are actually decent, with LN getting closer to a release, so I think this is just temporary.  Yes that is only temporary thats why i keep on holding on with my investments and patiently wait till the price surge higher. |
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We cannot dictate them what to do it is their strategy to sell their investments and then re invest again. It is still their right to go back to the market as long as they have enough capital to invest.
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It depends on the person on how he or she will manage investments. You have a point that we should not invest all because we still need to save something for unexpected expenses like hospitalization etc. As I have said that it still depends on he person on how he will manage those investments.
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People do still buy bitcoin is because of the potential earnings they will incurred upon investing in bitcoin. Lots of testimonials are can be read among the people who invested earlier in bitcoin and with that lots of people are encouraged to invest as well.
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Bitcoin is not going to die for as long as the investors continue to invest and support bitcoin it would stand still in the market. Bitcoin has done so much to the lives of many investors and with that experience they will continue to support and will help with the progress of the crypto currency market.
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