Personally you can still make some money from bitcoin if you are into it and you spend some time buying and selling, especially now that the volatility is insanely high that every hour or so, the price moves $1000 up or down. You can also do what you have in mind since it has been proven time and time again that bitcoin appreciates in value over time. In that way, bitcoin serves as your passive income while you tend to your business, which generates active income over your part. Consider your $10k bitcoins as some form of time-deposit that you can open once you're already comfortable with your gains.
The high price volatility of bitcoin is a good guarantee of making a profit from trading with it. Therefore, it will be possible to receive profit from bitcoin in the future. It is only important to feel the direction of its price movement. For example, now, with its current price of about $ 33,000, I would refrain from buying or selling it. |
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They are not legally actual fiat
Even something happens with USA dollar or any other fiat your stable coins stay same.
The fuctuaction will be directed by bitcoin so there is no need to be them even 1:1 pegged to fiat.
Im wrong Here?
Stable coins also vary in ownership. They are private, owned by several individuals or legal entities, as well as by a state or a group of states. Personal and commercial stablecoins are the most vulnerable in terms of the possibility of various negative situations and the threat of their disappearance. The most valuable will be stable coins of states, that is, the digitized currencies of their central banks. In relation to them, it cannot be said that this is not real money. It will be the same currency, only in digital form. |
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For me, not really. Usually what happens is that these funds will be transferred back to their respective assets as soon as the market stabilizes, so it is a give and take relation for bitcoin and altcoins in the market really. You'll see in a few months how this works, especially once bitcoin's value drops down, altcoins like XRP, will flourish while bitcoin will be in a lay-low state.
Bitcoin and altcoins are already inextricably linked. They complement each other and capital constantly flows from altcoins to bitcoins and vice versa. Altcoins will in any case exist and develop further, since they perform many more different useful functions than bitcoin. At this stage, it is no longer possible to remove altcoins from the market. The role of bitcoin is also increasing thanks to altcoins. |
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Crypto currencies will pay important role either there is a pandemic or not; i say this because crypto currency serve as a means of payment; and it is presently being adopted to cushion and put under control the pandemic i.e if you use crypto currency tokens for payment of service; there will be no exchange of fiats; which could spread the covid19 pandemic. It doesn't have to be the token you are shilling, it can be etherum, litecoin , tron or xlm
The coronavirus pandemic has pushed people to study and use cryptocurrency. Temporary severe restrictions on movement and visiting public places changed our usual way of life and forced us to do things that we simply could not get our hands on. At the same time, cryptocurrency has become a safe haven for people's savings from the rising inflation of conventional currencies. Therefore, the cryptocurrency began to grow rapidly in price and be in demand. |
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This agreement should be regarded as one of the stages of the trade war between the United States and China. Also, China is creating a regional stablecoin in the region to service their transactions. Well, this will greatly strengthen China. Therefore, they say that over time, the yuan can replace the dollar as the world's reserve currency. |
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Never, centralized financial institutions will not hand over the management of financial flows into the hands of technologies such as blockchain! Never - because this is contrary to their survival! They will create the appearance of "freedom", but centralized control will remain - through regulators, financial monitoring, rules for exchanges, etc. Just look at the scale of the crypto market - it's DUST against the backdrop of the daily turnover in the financial / fiat market! Banks and the financial sector can use TECHNOLOGICAL solutions based on the blockchain, but the financial system itself will never become decentralized, in accordance with the blockchain ideology. The state and power is the control of financial flows, therefore, as long as the state exists, the financial system will be controlled and dependent.
As long as states exist, there will be no collapse of central banks. Banks are part of the state government and are protected by the state. Therefore, states will not allow a serious threat to their banking system. States have enough leverage to destroy anyone who encroaches on their power. States have not yet taken measures with regard to cryptocurrency, because they do not see it as a threat to the stability of their financial system. |
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As BTC is dropping now I feel this is a good opportunity to buy and sell for short-term there are lot of news coming across as miners are selling and this could be the reason for drop in the other hand institutions are investing money in BTC.
As biden is planning for a change in SEC I hope this could boost the market in upcoming days and the possibilities are more for a good movement in BTC, share your thoughts.
The fall in the price of bitcoin to $ 30,000 can hardly be regarded as a good opportunity to buy it in the current situation. Bitcoin will inevitably fall in value and lower. We see that its price volatility is very high right now. Price fluctuations happen very quickly. It is better to wait a while and look at its further price movements. |
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Today I saw the price of DOGE very high on the Binance exchange, I immediately sold all the DOGE that I have. After I found out why the DOGE price hike was due to tweets from WSB Chairman and Elon Musk. I wonder. Why do famous people's tweets have such an effect on the price of an asset?
It was because of this simple post of Elon that it drives to $0.07 you may check it here https://mobile.twitter.com/elonmusk/status/1354924057825837060. Too regrettable that it was $0.002 from past year on the month of December. Smart money are flowing now into altcoins and even Grayscale did with their recent announcement of assets they held onto their trust. Search for coins that are still cheap and has good usecase guys, not financial advice. I would like to see most of the potential altcoins rise in value as much as Doge. Can I ask Elon Musk to speak positively about cryptocurrency in general? Maybe then we will see the altcoin season that we have been looking forward to for a long time? Bitcoin has already shown what it can do, it's time to do it for other cryptocurrencies. |
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I look backward and see a lot of challenge facing bounty hunters and I can only see that things will get harder. The mental stress of looking for the right bounty to promote, waking up in the middle of the night for several hours to complete tasks for months just to realized you won't get $1 for all your time.
It is another scenario when you discover that the project you promoted is doing great at the exchange market but you realized the team are refusing to give the reward of your labour or change the rules regarding the campaign just to make it hard for you to get your reward.
I think most of this project team see hunters as being toothless because they know the worst you can do cannot affect their project. They name you different names just to make you look like a fool in the eyes of investors.
Until there is a way to deal honorably with these team, hunters will continue to suffer
In my opinion, a year or two ago it was even more difficult. Nowadays, bounty hunters are no longer faced with KYC checks, which the ICO team could suddenly introduce after the bounty hunters' work was finished. In order not to accidentally miss such a check, we had to periodically look through the telegram groups in which we previously participated in the bounty companies. In turn, ICO teams often tried to create obstacles in the passage of KYC in order not to pay the earned tokens. Nowadays the problems for bounty hunters are much less. Everything is relative. |
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I don't think that's the only reason why Bitcoin has spiked back up, as has become a trend, people like buying when there is a plunge/dip, so it's possible that when BTC went below 30k, quite a lot of people capitalized on that opportunity to buy some stash, and that could have led to a very high demand and why the coin has appreciated to above 35k in such a short space of time, and some of this people I'm talking about could be institutions, as it's no longer news that traditional institutions now Invest so much money into Bitcoin, another category could also be whales, this spike could be as a result of all that and much more, but it was always going to bounce back up.
Such a sharp jump in the price of bitcoin by more than $ 5,000 in a few hours, as well as a drop again to almost $ 35,000 and this fall is still ongoing, indicates that something has dramatically affected its price from outside. So far, the majority associates this with the mention of bitcoin by Elon Musk on twitter. Perhaps something else worked, but this is already unlikely, although not excluded. In the meantime, many are surprised how fragile the world of cryptocurrency is. |
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Do you know how long it takes someone to sign up on an exchange, go through their KYC process to verify their account, make money transfer from their bank account to that bitcoin exchange, wait a long time until it reaches the exchange and is credited in their account and then eventually after jumping through all the hoops they can buy bitcoin?
You're assuming that literally every buyer we had in the past hour are totally new in the cryptocurrency space. It could simply just be people already with exchange accounts that just bought in because of confirmation bias. And let's not forget that PayPal, Robinhood, eToro, Trading212, Cash App, Interactive Brokers and tons of trading/investing platforms that people have been already using already has bitcoin by default. Not every single buyer is going to go through the de facto bitcoin exchange like Coinbase/Binance/Kraken/Gemini/etc. However, it happened in a very synchronous way. If bitcoin grew gradually, then one could cite an increase in demand and a general optimistic mood regarding the further growth of the market. However, there was a sharp spike in prices and seeing this, I immediately concluded that some event had occurred that caused such a sharp price effect. It seems likely that this is due precisely to Elon Musk's message about Bitcoin on twitter. If so, then the world of cryptocurrency is still very fragile. |
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With both Bitcoin and Ethereum breaking new bull market highs, Bitcoin reached $40,000 and Ethereum reached $1,450. This is very good news for investors. When will other cryptocurrencies reach the highest point of the last bull market? I am looking forward.
The fact that bitcoin has exceeded its ATH twice looks more than convincing. But Ethereum fell short of $2 to reach its ATH, which has not changed since January 2018, on the Binance exchange. Only after we see a convincing consolidation over ATH, does Ethereum expect a flight to the moon. Ethereum reached the price of $ 1,470 before its last rollback, so this coin still broke its previous price record. However, ethereum will not be able to free itself from bitcoin's price dominance in the near future. It's too early for now. It must first address scalability and high transaction issues. However, this coin has periodically proved its separate price movement more than once, which indicates its great potential. |
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Is it really possible to 'Sell High and Buy Low' in this bull run? First I sold some at 19600 hoping it will pull back before crossing 20k and I will buy back at 'LOW'. It never pulled back. Then I sold some again at $25k milestone, hoping that it will pull back which never did. I then sold some at $25800 hoping it will pull back before going further. And again it never pulled back. BITCOIN is just going ATH after ATH. BTC is setting new ATH every day, if not every hour  I stopped selling now  It's not like I am complaining, far from it! I am enjoying every bit of it. But how can we really follow the mantra of 'Sell High Buy Low'   The same thing happened for me with ethereum. I began to partially sell it as the price rose, believing that it would fall after a while and was guided by the bitcoin price. However, this did not happen. Surely many did the same, because it was logical. But the cryptocurrency market is too unpredictable. Therefore, it is very difficult to sell high and buy cheap on it. I think that we all very often lose lost profits. The main thing is not to suffer direct losses. |
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I have not yet heard the famous Bulgarian fortune teller Vanga prophesy anything about cryptocurrency. In addition, this quoted text may not come from Vanga herself. However, it is still pleasant to read it. Let's assume that the predictions refer to bitcoin and that by October its price will reach one hundred thousand dollars. There is not too long to wait.
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In 2020 XRP is growing and growing rapidly, so there is a lot of the demand for XRP, but the year-the end disaster hit the ripples must work hard to fix the hassle of tripping over the law, so January 2021 Ripple is completely destroyed, everyone including me let go of XRP, if Ripple team developers cannot solve this problem, I am sure that Ripple will disappear in the crypto market,
Ripple will not disappear from the cryptocurrency market anyway. The lawsuit filed by the SEC on December 22 does not address the illegality of issuing or circulating this coin. Therefore, nothing threatens her. The indictment concerns the abuse of the company's executives and after the payment of the penalties, ripple must gradually regain its position. We see that the ripple has now fallen in price, but its decline has stopped and its price is even growing. if the market goes up. |
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Going cashless these days is a common thing, because people are getting used to card transactions and other forms of digital payments through mobile. When you don't have cash in hand there is more chances of spending on unnecessary things. Even the small shops have started to provide QR code for payment. Through digital payments corruption is made easier. Whatever might be the pros and cons, if it is used for the bad it affects the reputation and same is when used for good.
Of course, non-cash payments make our life easier and more convenient. However, we become attached to certain technical means that can be easily lost or stolen from us. In addition, non-cash money is often attacked by hackers or various scammers. At the same time, cash is very easy to use, it is convenient to make small household transactions in cash. Also, cash, unlike non-cash, is very difficult to track. I don’t think we’ll get rid of cash anytime soon, if ever. |
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Many countries all over the world, are affected by Covid-19. Aside from this pandemic, other problems arose including high inflation rate and other economic problems. As we experienced during the Covid-19 outbreak, food prices become doubled in the market, but why are food prices soaring? there are causes of the rise in food prices that also tied to the pandemic. First is the demand of people, second is the inadequate supply of goods, and last is the virus itself that greatly affects the economy, especially the industry of food production...
There has been a strong imbalance between supply and demand for food this year due to tough restrictive measures to combat the coronavirus pandemic. As a result, food producers could not sell their goods and it simply deteriorated, and the population did not have the opportunity to buy it, since the markets and trade network did not work. However, there is also a more global problem with food. The population of our planet is growing, but the amount of fertile land is not increasing. Moreover, its area is decreasing due to human activities and environmental degradation. Therefore, the problem with food, and in the future with drinking water, will only grow. |
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Very few countries like Japan have legalized the usage of bitcoin. The increasing usage and adoption of bitcoin won't affect the decentralisation of the network. Any country can have bitcoin as national currency. Till date no country have officially made bitcoin as national currency. Maybe in the future this can happen.
This will never happen. No state will ever accept Bitcoin as its official currency. Cash or non-cash money of the state plays the role of a substitute for material assets that may be in civil circulation. Based on this, the development of the economy of each state is planned. Bitcoin or other decentralized cryptocurrency is in no way connected with the economy of any state, and therefore cannot be their currency. In addition, bitcoin is characterized by increased price volatility and this will make it very difficult to use it as a means of payment. |
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^ a few days ago I predicted that Ethereum will not touch ATH anytime soon but it looks like my prediction was wrong. I visit coinmarketcap and was surprised to see Ethereum making a new ATH 7 hours ago. Altcoin season on the road.  The ATH not holding for long though but isn't the alt season already coming like long ago? Polkadot, ETH, and many more are in bullrun and their price hasn't lowered ever since and like ETH hitting the ATH instead. If we exclude the fact that ETH has just reached ATH after so long, other alts already scoring newest ATH and most of them are new Alts aswell so it's fair to say that it's the altcoin season already. I notice from time to time that ethereum often grows in price as a percentage even better than bitcoin. This indicates that this coin has good potential for price growth, primarily due to its ongoing renewal since December. Ethereum has broken its previous price record today, and there will be many more such records this year. Hopefully this year we'll see a few thousand dollars more. |
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Yellen thinking about making cryptocurrency more transparent, since, in her opinion, it is used to finance terrorism
Let's not get fooled by this subhuman fossil. Her problem is not that Bitcoin is being used for terrorism. Her real problem is that Bitcoin provides a safe haven for those people who don't like the rapid devaluation of the United States Dollar. Biden is planning a series of stimulus measures, which will make the USD to lose much of its purchasing power. Now the duty of Yellen is to make sure that the Americans continue to use the US Dollar and they don't have any other choice available to them. Most likely, her words that it is necessary to "cut" bitcoin and should be perceived so that she is afraid of the weakening of the dollar and at the same time strengthening the position of the cryptocurrency, and first of all bitcoin. If she uses the word "cut" bitcoin, it means that she is very far from the nature of a decentralized cryptocurrency. I would like to see how she will reduce bitcoin. This is absolutely unrealistic. One of the reasons for the current rise in prices in the cryptocurrency market is that people are saving themselves from inflation of common currencies of states by investing in cryptocurrency. |
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