Bitcoin Forum
June 25, 2024, 10:44:49 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 »
181  Economy / Economics / Re: Keeping money and keeping bitcoins? are they similar? on: June 12, 2023, 04:54:19 PM
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

When viewed from a Volatility and Risk perspective, BTC is known for its high volatility. The value of bitcoins can fluctuate significantly in a short period of time, which poses a higher level of risk than holding a stable fiat currency and in terms of Accessibility and Acceptability of bitcoins is still limited when compared to fiat meaning not all businesses or individuals accept bitcoins as a form of payment whereas Cash Fiat is widely accepted, easily accessible through traditional banking systems, and can be used for a variety of purposes.

In Saving, For fiat money involves traditional financial institutions For example Banks, while depositing bitcoins requires knowledge of blockchain technology, digital wallets and methods of secure storage which means the skills and strategies for managing traditional finances may not directly translate into the complexities of managing cryptocurrencies.
182  Economy / Economics / Re: Is the government can really make a way to end poverty or it depends on us? on: June 12, 2023, 04:39:58 PM
what people blame is government policy. If the government sided with the common people, I don't think there would be demonstrations everywhere.
but what we all need to know is, the government will not be able to end the poverty of its people, but the government at least opens up opportunities and makes it easier for whatever the people do to cover the economic needs of the community as long as what is done by the people does not conflict with norms and laws

While it may be true that individual efforts are important in overcoming poverty, it is also important here to acknowledge the role of government in addressing this problem when relying solely on individual efforts may not be sufficient to address the systemic problems and structural inequalities that contribute to poverty. .

Admittedly or not, the government also opens up opportunities and has the responsibility to create and implement policies and programs aimed at reducing poverty and improving the welfare of its citizens as a whole, for example social safety nets, access to education, health services, and employment opportunities, meaning that there are efforts more than government can significantly reduce poverty and create a more just society.

As for Regulatory support The crypto space I think is still in its infancy, and regulation related to cryptocurrency is still not well established in many jurisdictions creating legal and financial uncertainty for individuals who want to get involved in cryptocurrency.
183  Economy / Speculation / Re: Bitcoin is ready for $40k on: June 12, 2023, 04:23:55 PM
It needs a process of course and this is inseparable from Market Sentiment and Individual Expectations which play an important role in short-term price movements, as well as unfavorable negative news that can reduce investor confidence. But, what is certain is that Cryptocurrency Markets may experience periods of consolidation or correction before continuing their upward recovery. It takes patience and a long-term view to successfully navigate the volatile nature of the market and my view is that BTC could at least break through the $28,447 resistance first and then back up again.
184  Economy / Speculation / Re: What are your bitcoin May/June price analysis? on: June 12, 2023, 04:10:22 PM
At the beginning of june i was optimistic that june could be better than april and may, unfortunately what happened was the opposite, prices continued to decline and made us have to be aware of current market conditions, lots of advice from experts to be aware of global economic recession storms which will certainly impact on the cryptocurrency industry.

While some may be pessimistic about the current state of the market and forecast a potential negative impact, others may hold a more optimistic outlook. Price fluctuations can occur due to a variety of factors, including FUD, market sentiment, regulatory developments, macroeconomic trends and global events. Now is the time when people think about considering the long-term growth potential of cryptocurrencies like Bitcoin as a store of value, an inflation hedge, and an alternative investment asset.
185  Other / Beginners & Help / Re: Where do I keep crypto after buying it? on: June 12, 2023, 03:56:23 PM
Buying cryptocurrency is always a matter of where and many depend on exchanges as, they serve escrow purposes which have been found to be extremely important in the cryptospace, given the high level of insecurities that surrounds its transfer.
Also, cryptocurrency is meant to assume some level of anonymity and having yo buy from exchanges someworth agrees with that.  Exchanges ensures both the buyers and sellers aren't been cheated and they make sure there is always market for any amount of cryptocurrency. You also get to receive your coins or fait equivalent before release and are there to settle dispute should any arise.

Exchange might be your best means as, brokers don't offer such advantages.

Yes. helps mitigate some of the risks associated with cryptocurrency transactions, but not all exchanges have the same level of security measures, and there are instances of exchanges being hacked or experiencing security breaches and exchanges are often subject to regulatory requirements and may need to collect personal information from users.
186  Other / Beginners & Help / Re: Is there anyone else who shares the same sentiments? on: June 12, 2023, 03:39:49 PM
The reason why the bitcoin market is not reacting so much to the SEC and Binance issue as much as we may have expected is because it appears to be more of a social attack rather than a direct attack on bitcoin network protocol, mining operations or blockchain technology. The market would have reacted differently if it was an attack on the network. Am I correct? I don't know much about the technical aspect of Bitcoin, but this is the best possible explanation I can think of for what is happening. Is there anyone else who shares the same sentiments?

The first thing I looked at was Market Perception and Investor Confidence. The cryptocurrency market is very sensitive to news, regulatory developments, and market sentiment especially recent SEC and Binance issues, meaning that, negative news or regulatory scrutiny can still create uncertainty and undermine investor confidence.

The lack of significant market reaction to this issue could indicate that investors are taking a wait-and-see approach or have factored in the event into their investment decisions and is also a testament to Bitcoin's robustness and resilience as a decentralized system. However, it is important to know that market reactions may vary, and the absence of an immediate impact does not mean that the market is not affected or that all participants share the same sentiments.
187  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Algorand dead or can it recover? on: June 09, 2023, 03:14:47 AM
The future of Algorand, just like other cryptocurrencies, is uncertain and relies on factors like technology, adoption, market conditions, and regulation. While the SEC calling it a security might create worries, it doesn't mean the project is doomed. When deciding whether to buy at a low price or hold, it's crucial to assess the project's fundamentals, team, partnerships, and adoption. Market prices are influenced by various factors, and a low price doesn't guarantee that the project won't recover or experience growth in the future.
188  Alternate cryptocurrencies / Altcoin Discussion / Re: What if social media apps start launching their own cryptocurrency? on: June 09, 2023, 03:06:18 AM

A random idea bumped my head and has got stuck ever since. The only remedy for this is to be satisfied with other members view or opinion on this topic.

Majority of us here make use of social media tools like Whatsapp, telegram, TikTok, Instagram, Facebook and the likes. Most persons also use these social media apps to market their businesses no matter the product, no matter the distance, no matter the boundaries, and people have been making money after gaining the trust from followers.
 
My thought happens to be what if a social media app management like Facebook decides to launch its own cryptocurrency? (A currency that is decentralized as Bitcoin as well as it having other properties and functions than meets the eye and qualifies as investment worthy or trade worthy coin.)

How would it look like if other social media apps follow suit and start launching their own cryptocurrency too?

How will this impact a countries economy?

Let's discuss!


It is important to note that the success and impact of any social media-based cryptocurrency will depend on a variety of factors, including user acceptance, security, regulatory framework, and the value proposition offered by these platforms. While the idea is attractive, it remains speculative, and the true consequences need to be observed if and when such an initiative is implemented. For Economic impact whare The rate of adoption will determine the impact on a country's economy, potentially impacting online advertising, e-commerce, and digital payments.
189  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins airdrops you received so far for the year 2023 on: June 09, 2023, 02:56:01 AM
I'm not joining airdrops anymore but I still follow the news. Is zksync mask SEI really a potential airdrop? How do you know it? To be honest, it is difficult to trust airdrops anymore after I have failed to earn money from too many airdrops. Anyway, do they ask for money to join the airdrops? I feel it seems too risky for us to spend money on airdrop tasks.

I, myself, feel that joining the airdrop feels overwhelmed, there are so many things we have to complete, click there, click here. and seen from the reward is also very minimal, especially if the number of participants is large. yes. stop first. For those you ask, I have never been, but for other active participants, maybe there is.
190  Alternate cryptocurrencies / Altcoin Discussion / Re: There are a lot of scams on Twitter, and illegal links steal your assets. on: June 09, 2023, 02:44:58 AM
Absolutely, it's crucial to be cautious and protect yourself from scams on Twitter. There are scammers who try to steal your assets by sharing illegal links. They may pose as popular individuals or projects, promising airdrops or investment opportunities. If you click on these links and give them your wallet information, your assets can be stolen. To stay safe, remember to be careful, verify sources, double-check URLs, and avoid sharing personal information. Stick to official channels and use secure wallets to safeguard your assets.
191  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it wise to stake your crypto currency on: June 09, 2023, 02:34:08 AM
One of the best ways to consider what to do with your cryptocurrency is to think about your goals, how much risk you're comfortable with, and your technical knowledge. If you want to earn rewards and believe in the long-term potential of a project, staking your cryptocurrency by locking it up to support the network can be a good option. However, staking comes with risks, so it's important to research the specific cryptocurrency and understand how staking works. If you prefer immediate access to your funds and don't want to deal with the complexities of staking, holding your cryptocurrency without staking is a simpler approach.
192  Alternate cryptocurrencies / Altcoin Discussion / Re: Bounty hunter is considered as investors with a big patience. on: June 09, 2023, 02:24:19 AM
Yes. i feel it too. This waiting period has always tested our patience as we have to hold onto their tokens not knowing exactly when or if they will be able to exchange them for profit and dealing with the uncertain outcome of the projects they are promoting. If you look at their responses, they are sometimes positive and less responsive. if we ask when, they answer Soon  Grin Grin.
193  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Litecoin's comeback on: June 09, 2023, 02:17:01 AM
Is it true that all altcoins have problems, I don't think so, For the state that Litecoin is dead? I don't think so either. LTC cryptocurrency is moving positively, which is good. I expected a stronger move, especially after forming the cup pattern and The price is currently trading at $87.85. to outperform Bitcoin I don't think so
194  Bitcoin / Bitcoin Discussion / Re: How safe are physical exchanges in your neighborhood. on: June 07, 2023, 06:07:30 PM

~And what's the fate  of physical  cryptocurrency exchanges(r) in your country?

Let's  discuss

I'm just trying to answer the point above. for current conditions, I use a platform that already has legality in my country. For now, the deposit process and WD are still safe, although there is a bit of anxiety, too, seeing the recent news about Binence being sued by the SEC, whether it will affect the platform I use. Yes. that's all possible from me.
195  Economy / Economics / Re: SEC is in Action After Suing Binance, Here Comes Coinbase Exchange on: June 07, 2023, 05:56:00 PM
there is a market that plays unfairly but has never been investigated by the SEC, maybe someone understands this market. why was the big market used to be BINANCE, COINBASE which was the main target of the SEC. I won't mention which market, but that market often creates coin manipulation to attract investors who end up unlucky. and many people suggest on social media but no one listens. this is a question mark the SEC does not have a solid foundational purpose for me

Indeed, if viewed visually from its duties and functions, the SEC focuses its investigations on various factors, including market size, trading volume, complaints from investors, and suspicious activity. They target specific markets or exchanges based on this consideration. It is possible that some people feel that certain markets are playing unfairly or manipulating prices. It could be in that direction.
196  Economy / Speculation / Re: Know your time to HOLD on: June 07, 2023, 05:45:41 PM
Even if it sounds like you aren't desperate and want to make some money. In the end, the investment decision is a personal one that should be tailored to your own goals and financial situation. However, it is also important to weigh the risks and conduct thorough research before making any significant investment decisions.

HODLing Bitcoin for years is a long-term strategy that can have mixed results. The Bitcoin value can experience significant fluctuations over a period of time. Moreover, the crypto market has a high level of volatility, and prices can change drastically in a short time. The right investment choice depends on a deep understanding of the market, good research and following the principle of risk diversification.

Yes, that's right. If your suggestion leads to deciding to hold Bitcoin in the long term and we must be prepared for price fluctuations and have a good understanding of the market. Risk must also be managed by diversifying investments. And what needs to be remembered always is that the cryptocurrency market can be very volatile, with prices that can change as quickly and significantly as you mean.
197  Economy / Economics / Re: To Hodl or Lend: What is your take? on: June 07, 2023, 05:36:13 PM
Hodl means holding onto your Bitcoin for the long term, hoping its value will increase. It requires patience and belief in Bitcoin's potential. Lending Bitcoin lets you earn interest on your holdings but carries risks like borrower default. Choosing between Hodl and lend depends on your goals and tolerance for risk. Hodl is passive, while lending requires active involvement.

I chose Hodl alone but I researched and researched lending platforms, understood their requirements, and assessed their reputation because of the possibility of borrower default, platform vulnerability, and market volatility.
198  Economy / Economics / Re: Money is never enough! on: June 07, 2023, 05:23:48 PM
It's true, having money can provide temporary happiness and does not guarantee lasting satisfaction. Money must be managed wisely, with a balance between enjoying it and being financially responsible. True wealth goes beyond money and includes relationships, personal growth, and finding fulfillment in the non-material aspects of life. Pursuing a healthy relationship with money and focusing on what really matters can lead to a more fulfilling life.
199  Economy / Speculation / Re: Bitcoin dominance hits 43%, alts surging ahead on: June 07, 2023, 05:11:24 PM
I think the dominance of Bitcoin that is too strong has a bad impact, the market is too dependent on Bitcoin so that many Altcoins will always follow the trends that occur, and I hope there is Altcoin that can defeat Bitcoin so that it makes the competition even better and certainly makes many developers optimistic.

There will be no Altcoin that will beat Bitcoin in terms of marketcap, but Bitcoin can be beaten in terms of efficiency and blockchain technology,
it has been seen that the impact of Bitcoin's dominance is only 45% and 55% are in altcoins,
but if you wish domination is fully controlled by one altcoin so of course the crypto market will be very volatile than this.

In my view, Bitcoin's dominance in the cryptocurrency market has both positive and negative effects. On the plus side, Bitcoin provides stability and is widely recognized. However, some people believe that altcoins are limited by following Bitcoin trends and I think the most important is a balanced market condition to avoid excessive volatility and The relationship between Bitcoin and altcoins is very complex, and the market will continue to grow. While it is unlikely that any altcoin will surpass Bitcoin in terms of market value, they can compete on technology and efficiency.
200  Economy / Speculation / Re: It was easy to know the SELL of this week with a simple chart analysis on: June 07, 2023, 05:02:40 PM

This could be painful seeing how your investment is poorly performing.

Yes, everyone has different views, it's that's normal. Well, the Market is retesting the resistance level that was previously broken in the "Falling Wedge" pattern. If price manages to get that level to turn into support, this is considered a positive (bullish) event for Ethereum and the altcoin market as a whole. This could indicate a possible increase in the price of Ethereum and other altcoins. this is what it looks like today.
Pages: « 1 2 3 4 5 6 7 8 9 [10] 11 12 13 14 15 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!