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Well, I can't deny that this unvoidable the fact that we never knew when and where this random phenomenon will happen. If you think there are still some flaws whether we store it online or in hardware. What I am trying to say is that when you store it on hardware there's a possibility that it might damage or destroy due to some random events while on the other hand storing it on an online wallet there's a chance that it might be hacked. Hence, the only solution I can think of is that try to diverse your funds into multiple wallets, keep them on both online and on hardware.
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This definitely a joke if not then this was really a terrible way to create a token. It either a joke or a scheme so we are better to keep out of it. The way of creating the token sounds silly because it all depends on the number of people who have been infected and died on it. This is nothing new I guess because as far as I remember there are a lot of coins that have been created depending on what issue is hype right now, take the Trump coin as an example. Usually, these coins ended up being shitcoin so you should have to take thought before going through this kind of coin.
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Why create such a FUD? Perhaps if you will show us a statistical it might change my perception at least. Bitcoin was just hovering around $10k and it is quite low to sell, this will be definitely a loss if I sell it. Apparently, the best thing to do is to buy and accumulate more.
I don't think the market will fall, I've been here when Bitcoin plummets in 2018 when most of the coins almost fall in the floor, and then now that the whole market is somehow recovered. This probably enough reason why the Crypto market will not die.
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I've visited the link you provided but unfortunately, it is broken. Anyway, I think the reason behind it is that Millenials are mostly into using the internet, they exposed online so it is easy for them to access Bitcoin and other crypto compared to Gold. Another hypothesis is that because Millenials are love to take the risk no matter how big it is, knowing the Crypto market has an undeniably high risk ahead of it. |
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Let's say I have a huge amount of money as an investor, where do I put them? Bitcoin or Gold
We all know that gold is known for its stability which could be vital in times of financial crisis; but doesn't exactly bring good return WHILE Bitcoin on the other hand can be quite profitable but it's risk of negative volatility can be catastrophic!
So which has your vote? Gold or Bitcoin!!!!
Well in my case, I am not that kind big of investors so I have no definitely access to Gold investment so I will go for Bitcoin due to the fact that it is pretty convenient and accessible for everyone. Besides, what I like about Bitcoin is the high volatility which can never be seen on Gold. Not gonna lie gold is more stable and more secure than Bitcoin but remember the higher the risk si the higher the profit will be. Moreover, I've been here almost 3 years in this industry so I witnessed what Bitcoin can do within a single amount of time. |
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Thanks for the warning, but I doubt that people will heed your call here because majority are cashing out because they needed fiat to buy important things to survived in this lockdown. So as much as irrational investors are selling at a lost, what can we do? for them it doesn't make sense to hold BTC at a pandemic that we all have been facing.
Well, we can't blame them they probably sell because they need cash and there's nothing we can do about it, they need it so badly in order to survive. Not gonna lie selling now was totally bad idea, but if you need it then don't hesitate to use it, you keep earning for your family and for your own sake anyway. But if a person who only just sells just because you've panic then that is totally wrong. But make no mistakes about it, there are still people here, who chooses to still hold on their precious bitcoin and continue to buy at this dip. We still thinks that despite that current state of the market, bitcoin will still survived long term.
Gladly, there are still a lot of people who know the drill when markets plummet. It seems it will take time for Bitcoin to hover over $10k so take this opportunity to buy and accumulate more coins then just HOLD it until the bull market comes. |
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I don't have lot knowledge about different things about legalities or some government things.
I am become curious about paying an employee using Bitcoin direct to it's Bitcoin wallet.
Like these days, some of our salary are paid in different method, some are being deposit on some bank accounts, some are cheque, some are cash directly.
I want to ask if we will make official method for paying our employees in Bitcoin directly to their Bitcoin wallet.
Is this method is not foul on the government? Or it is legal?
Especially on the department of government that is about the labor or employment.
I think it is not what about if it is legal or not in a particular country. Bitcoin and other cryptocurrencies are too much volatile to become as payment for employees. If you will imagine it is more like you were using Bitcoin on your daily expenses which is not a good thing to do. Bitcoins and other cryptocurrencies are more appropriate to be used as an asset rather than a currency due to the character it has. Apparently, using these cryptos would pretty mess up the system hence we should better leave fiat on this matter. |
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Guys I haven't been here for a while and I'm wondering if Bitcoin is in a better shape than last time I checked 2 years ago.
Thanks
I wouldn't say not but I wouldn't say it is either. Perhaps, you can say it is in good shape but not as good as we were on years ago. I would say that the price now is half of what we have way back before. Moreover, the crypto users are now rapidly increasing, exchanges and everything are now blooming, we have now Defi programs that are now almost comparable to ICOs way back then. In short, the community is getting bigger and there are new projects that had been developed. By the way mate, I welcome you back  . |
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There is so much fear in the crypto market right now. Taking a look at coinmarketcap now, it's scary to see how much of a dump we have now. Everyone complaining in different groups of loosing a lot of their portfolio to the dump.
I feel your pain. Trust me, it will not last long, everything will be over soon and we shall all smile again. Just hold Strong. We might just be able to smile sooner than expected. Nothing to panic over based on history of crypto. History will surely repeat itself.
I like your being optimistic . It is not good to look at on the market right now, everything was like in a bloodbath. If you panic and sell your holdings then there's no doubt you will definitely lose. Who would have thought of selling their holding right now seeing how most of the coins in the market plummet unless you were dumb enough. Nothing to be panic if you were truly an investor then these dumps are nothing and you already knew what exactly to do in this situation. Things will be over soon just have your patience mate. |
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I haven't used any kind of VPN on my cryptocurrency activities and fortunately, I haven't experienced any kind of any scheme like a scam, hack, or something. Perhaps, because I am not that big investors. Anyway, if you feel secured on your VPN you were using then why not continue using it? Besides, the purpose of these VPNs is to let us access the website that is banned in a particular country which I think in favor of our colleagues. I recommend you store your wallet on a system that's not connected to internet it would help enhence safety and out of hacks. And if you're to try other VPN it shouldn't be a free one because their security ain't guaranteed.
Agreed. If you do not feel secured for your funds then take it away online and store it on the hardware wallets such as Trezor and Ledger. |
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Explain to blind peoples regarding bitcoin or bitcoin technology is quite easy but real use by them is almost impossible. Although there isn't huge amount of blind peoples who want to involved with bitcoin but it would be a nice idea if someone would make a new technology for blind people's. I have real life example on my family, my father almost blind (can't read anything even via power glass), I have explained him regarding bitcoin. He know there is a virtual coin which is called bitcoin. But unfortunately he is unable to use it. I don't if there will be something new in near future to use bitcoin for blind people.
Thumbs up for this one. It is indeed easy to introduce what cryptocurrency and Bitcoin is. They can understand how it works through an explanation. However, the main problem is they capable to use it? can they use make transactions through with it? probably they can if they have someone can help with them but I don't they can if they all alone by themselves. That is why I hope for developers would come up with an idea of giving such privilege for non-ordinary people to use this kind of innovation as well. |
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Well most of us do,because these days if you have invested only in single location to put your cryptos the opportunity of being hacked is always there. Even Big exchanges becoming a victim so what more people like us who has a little security. But of course Ledger is one of the safest that's why i also bought one recently,Now i know that my crypto assets are safer and i don't need to rely in "Your Keys ,Your Bitcoin " thing.
Always remember that we are the one who will held responsible in any losses so better make your way safe than regret later. That's right. If you have a doubt to store your money on wallet online cause your key or passphrase might be hacked or something then having a hardware wallet could be better for you. A hardware wallet can give you a high percentage of keeping your coins at a safe place away from online where hackers loitering. In fact, I am planning to have one of them someday. Now, in keeping our keys, it is indeed better to place it in multiple places and you might not really forget it. However, isn't will get a higher odds of getting finding your keys? because think of it, the more you store them in different places the more chances they might be discovered while comparing to the single place, it will be really tough for them to find your keys. But that doesn't matter just be sure that you are the only one who knows where your keys stored. |
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To be honest, I am not so sure if I will trust that gambling site with have 0% house edge. It seems shady to me, perhaps I will have doubt of depositing my money on it. Besides if that kind of casino does exist this could be a more risky one compared to gambling sites that do have house edge. I have a feeling that there's a greatly low chance you win in there.
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That's glad to hear, it seems you were lucky enough and not even encounter any loss. However, luck is not always on our side you better to make your stop loss if you don't want to lose all of your profit. It is risky to trade without having an exit plan, it is more like stop loss is your plan B so you better prepare for it. You might have a good start but if bad luck strikes this would be devastating thus stop loss should be your act as your protection.
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In corona Pandemic, I have no job to earn. So I am joining several campaigns from bitcointalk?
What are you doing now?
Well just like you, I've been participating in a few campaign signature and even bounty as long as it is profitable. Aside from that I also making a little trade, not a daily trade though but a swing trade. I don't plan to make big movement right now because I am more like on HODL. Joining on DeFi programs was also a good idea knowing it is surging right now. |
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It obvious that higher trading volum = more liquidity. liquidity refers to the ability of a coin to be converted into cash or other coins easily. Liquidity is important for any tradeable assets including cryptocurrencies.
Unfortunately, I have obversed that most coins listed this days on certain exchanges are without volume, that is, illiquid.
It is very clear that this situation was not common found before 2019.
What could be the reasons for this abnormalities. Your thoughts.
I believe that it was because of the inactivity of the project. Most of the hunters sell their tokens as they receive it from the project. This will give a little activity in their token temporarily, however, after most of the hunters sell it the next problem will be the buyers or simply the investors. I've only known a few coins able to do that to maintain the liquidity on their coin, it is easy to sell a coin but it is hard to attract investors. That's what I believe. Apparently it easy to be listed on an exchange but the problem is your coin can able to maintain? |
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Small movements are never consistent which is why people are going for that bigger movement most of the time. Sure you could make 1% profits in many days but there is the fact that you may not be able to do that as well.
There are very very simple bots that literally buys bitcoin and sells at 1% profit and does that constantly, sometimes it buys and actually does sell when it has 1% profit and that is great, however there are times when it buys and bitcoin drops so it has to wait a long time before it can make a profit 1% again, remember this bot only does one thing and that is sell at 1% profit and if it goes down 40% that means it will still wait until it makes 1% profit. If that strategy was a good one, believe me everyone would use those bots and become rich.
Very well said. I believe that day trade can be profitable in its own way but for me, this doesn't work and doesn't fit me at all. I am more type of person who waits for a big movement to come before to sell. So basically, I am more on buy and HODL strategy. Not totally holding it for a long time, perhaps having 2x or more would be fine but if I felt the market is surging then I will try to hold myself a little bit more assuming for more possible rewards. |
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I don't see any reason why we should compare what happened in the past to the current situation we have now. Bitcoin was too overhype way back then perhaps because a lot of people invest in it as the news explode regards with Bitcoin. Bitcoin was still unpredictable, no one really knows what might exactly happen, yeah we can speculate or make our own analysis but this only has a low chance to happen. Moreover, I have my opinion that we're just only the beginning, Bitcoin may surge soon so try to be more patient.
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Once COVID-19 took the world by storm, the world's economy has been on a constant decline. Crypto has largely benefited from this, as the market experienced new gains in such as short amount of time. There's now a stablecoin and "De-Fi" craze making many ERC-20 tokens, stablecoins, and even Ethereum extremely popular in the mainstream world. Their prices have increased at a fast pace, leading many wondering what will come up next after the demise of COVID-19. If the world's economy starts recovering at a slow and steady pace, crypto's gains might not last for long. Maybe everything will return back to the way it was before the deadly disease? Or maybe crypto prices will remain stagnant on the market? Whatever happens after COVID-19, there's no denying that crypto is a resilient alternative financial system in times of need. In a first of its kind, crypto has remained "impervious" from negative events in the mainstream world. My guess is that crypto will continue to go higher in price even after the demise of COVID-19, as people's trust in the banking system will diminish. The premier cryptocurrency (Bitcoin) will be officially recognized as a true alternative of Gold, proving itself as a store of value in times of need. Thoughts?  Covid-19 did really make a large difference in the market and the crypto market benefit out of it. The stock market undeniably declined as the Covid-19 hits most of the big corporations tend to close while the Crypto market made a surge. Perhaps, that causes the investor tend to move in crypto or should I say on DeFi programs. I also have a hunch that causes why DeFi is now in the hype and apparently, this might also the reason why Bitcoin made a sudden movement. I have a doubt that things might go back to normal the as COVID issue will be sorted or there's a chance that it will keep going. The point is we never know what will happen next hence, we should take the opportunity as much as we can. |
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Sounds convincing and I partially agree with it. Due to pandemic stock are drastically decreasing along with that some big companies are closing. If this continues, investors will have no doubt of moving their investment to cryptocurrencies without any hesitation. And if this situation really happens, Bitcoin and other cryptocurrencies will surge which we practically have seen in the last few months.
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