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There is really no reason to surprise here. Although the market volume of the first ten Coins is close, each cryptocurrency is directly and indirectly affected by Bitcoin. Bitcoin is the first modern cryptocurrency and it is through this that the process of modern transactions has begun. So do most people like to buy with bitcoin. Being the first cryptocurrency, most people know about Bitcoin and believe in it. So naturally, people buy through bitcoin and the other side is willing to accept it easily.
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Buying food or groceries with Bitcoin is a good idea but there is some problem. The price of Bitcoin is very volatile so many people are not interested in buying and selling everyday items with it. Moreover, Bitcoin's transaction fee is a little high at present that many people are not interested to pay for small transactions due to high transaction costs. Yet most people collect bitcoin usually for trade and to earn income from it. Many top companies already accepted bitcoin but if it is possible to maintain the price stability of Bitcoin and make the cost of its transactions less, it will be possible to buy and sell food and groceries worldwide.
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Investing in new cryptocurrencies is currently a risky business. In the past, investing in new cryptocurrency would have been more profitable in many cases, and many have made huge profits by investing in the new cryptocurrency. But at the present time, that situation is completely different. Most new cryptocurrencies tend to fall in value as they enter the market, and in many cases fall below the ICO/IEO price. The last two years have seen very few new cryptocurrencies that have been able to grow while retaining their value once they come to the market. So if you are well versed in the project and are able to analyze its growth prospects well, you can invest in new cryptocurrencies. Otherwise, investing in top quality cryptocurrencies is better than investing in new cryptocurrencies.
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Getting a loan or borrowing money to trade altcoins or invest, is not risky for newbies but also all traders. But it is riskier for newbies especially. An expert trader also makes a mistake by analyzing market trends and take a trade against the market trend. Again many times it is seen that even if the market analysis is correct, the market behaves somewhat retrograde and after a while, the market analysis continues to be correct. In this case, if you trade with borrowed money, the tendency to hold decreases, which results in a loss in trade. Also, the cryptocurrency market is a volatile market and very risky too. So to avoid losing everything by borrowing, I think it is better not to trade with borrowed money.
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The amount of Bitcoin can grow by investing in Bitcoin and trading strategically. Everyone has their own strategy through which they try to increase the amount of their bitcoin. In this case, I have adopted two strategies. First I use Bitcoin and USD pairs to trade in Bitcoin. In this case, I always try to buy when the price of Bitcoin is low and sell it at the highest price when the price goes up and converts it to USD. Secondly, I try to increase the amount of my bitcoin by investing in potential AltCoins. So far I’ve been able to grow my bitcoin a bit and I’m going to try more.
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BNB and BTC are two good coins for trade. You can trade both of the coins and make your profit. However, both the BTC and the BNB have some market trends for trade. So if you think you can make a profit by trading one of these, you can trade in either. It is not really important that BNB coins may be more important in this case as they are traded on the Binance Exchange. Since the effect of BTC's price fluctuations falls on other altcoins, I think it may be more profitable to trade on BTC as trading in BNB due to price decrease may reduce the amount of BTC.
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The border between India and China, of course, is a bit tense at the moment, but I don't think there will be any major war. We know that every country in the world today is plagued by epidemics and the situation in India is now more critical than in China. Coronavirus infection has weakened the economy of every country and The relationship between India and China is not so bad that it can be resolved diplomatically. On the other hand, India is not on par with China militarily and economically, so they will try to find a political solution. Moreover, the Indian government is not as much under pressure to take any military action against China as it is against others. But if it takes the form of the latest war situation, it will certainly be a big push for the economy. Cryptocurrency will definitely have an impact as China and India are the two most populous countries and both countries use cryptocurrency.
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Bitcoin is not a bad safe-haven asset. It all depends on the skill of investing in it and the strategy of patiently preserving it. Bitcoin is certainly not an asset in a stable safe haven like gold but it is a trade asset. Each type of asset has its own characteristics and because of this, there are differences between these assets. Bitcoin is a relatively volatile asset and if you can't invest in it properly and at the right time, it must not be considered a safe haven for you. So in my opinion Bitcoin may be considered a safe asset for you if you decide to make a long term investment but if you use it for trading, it is not a safe haven asset like gold and other assets.
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It is very possible that the financial crisis will come and the world economy is a struggle for a few years. This crisis is exacerbated by coronavirus infection. The coronavirus epidemic has made people economically weak and has become economically weak by spending their savings and investments. A lot of people have lost their jobs in this economic crisis. Over the past few years, every economic sector has been facing losses and due to the coronavirus, certain economic sectors have been plunged into a special crisis and a number of financial institutions have gone bankrupt. There is a huge potential for a financial crisis in the world economy due to people losing their ability to invest and this crisis is likely to be prolonged if strong economic plans are not adopted.
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At first, this totally depends on the Indian government. It is difficult to accept new technology and the same has happened in this case. Adopting such technology actually requires some technical knowledge and time to become aware of its positive uses. I think the decision taken earlier will be firm in this case and they will be interested in using it. Cryptocurrency is modern technology and over time it will become a part of every country's transactions. If they accept it, its use in India will be greatly appreciated.
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##PROOF OF AUTHENTICATION##
Bitcointalk Username: Tahsin Kabir Kollol
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submit your ERC-20 wallet address :0x09dACf37a3f7B2A7a4ebe941A959827dc735f9F3
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Trading is not an easy task. To be a good trader, you must have long-term knowledge of trade rules and techniques and the skills to apply them in real trade. You will not be able to acquire knowledge of all aspects of trading overnight so you will have to patiently try to acquire skills. You need more than luck to succeed in affiliate trade. So you can trade on your demo account first and apply all your skill there. Find out your weakness and mistake there. Then you can try for real trade and take the risk for profit. Without patient and study, you do not blem your fate.
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