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How to manage risk in private cryptocurrency investment is very easy. Use capital or money that if issued, will not interfere with the need in some future time. Then just suppose the capital you put in to invest in cryptocurrency is just a bonus, so if it exists, it's nice, and if not there's no problem. That way you will enjoy long-term investment comfortably without being affected by FUDs or volatility.
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What do you think, how many people are ready to sell their goods or services on crypto? Let's say that we have service which help quick and easy to build online store and sell for cryptocurrency. What kind of reasons can motivate people to start a crypto business?
small businesses still have to take this into account, as part of their efforts depend on the rapid turnover of capital. Meanwhile, cryptocurrency has a very high fluctuation rate, not knowing a day, an hour, or a minute. If they use a personal wallet, it will take delivery charges to the exchange and withdrawal fees from the exchange. Unless the supplier of goods from the businessman also receives cryptocurrency as their payment tool. |
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it would be great if someday bitcoin would be less volatile than gold. Even so, one thing we need to consider if paying attention to the price of gold from year to year has been approximately 7 years since gold recorded the highest price of $ 1.9k in 2011. If bitcoin also follows a trend like this, that means it could be bitcoin will stable after listing ATH where the stable number is below ATH.
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Until now, I thought banks and governments are still gnawing at cryptocurrency users who have not fully used the cryptocurrency feature for daily transactions. That is, the personal economy is still supported by 50% cryptocurrency and 50% banking. The way banks and governments squeeze bitcoin users is none other than taxes and is assisted by exchange companies.
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Bitcoin is decentralized so that whoever you are from wherever you are rich or poor, you are free to use bitcoin for any purpose. Bitcoin is freely used for anyone. anywhere
What is your response with this opinion?
I think this will be a good idea to be applied all over the world because there will be an equality made by this decision. This is the right thing and it should be the right thing because it can be used by everyone despite of their skin color or gender and even nationalism. It is already implemented because of the coming of bitcoin. Any person in any corner of the world can use bitcoin if they have the internet connection with their PC. They can send money to any corner of the world without any higher fees of transaction and they can also earn the same amount of money with their skills as the people in the developed countries are earning from their skills. In fact, today everything is in the grip if you already have a small item called a smartphone. If you say with pc "Any person in any corner of the world can use bitcoin" or you mean transact with bitcoin, I do not agree because the nature of Personal Computer is not having mobility. Maybe at least what you mean is supposed to be a laptop. |
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What do you think about this possibility ? Would you invest in your government currency ?
I've also asked this kind of thing before on a government-related topic that will replace the currency with bitcoin. Well, I would argue, if the government wants to change the financial system into blockchain technology, they would prefer to create their own cryptocurrency instead of using bitcoins that they can not manage. However, it may take time for the cryptocurrency of their creation to spread throughout the world |
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Strategy should be present everywhere and trading requires this approach more than others. It is necessary to develop a strategy and stick to it if you want to win always. My strategy is not to have strong emotions when trading
Trading cryptocurrency can offer bigger profits from mining, bounty, or other means of investment that can generate profits. This can happen if you already have experience and good analysis of the market of course. Otherwise, trading can be the worst way of investing among all, because we're dealing with assets that have very high fluctuations. |
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the most important thing before starting a business is the ability to be able to motivate themselves in the face of all obstacles and temptations while running the business. Because starting a business will not be as smooth as we expected, because the law of the jungle also takes place in the business world. Who is strong is he who wins, and who is weak will be eliminated. If you have a little creativity and motivation, you should start learning first.
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the reality that bitcoin encounters is that the number of adopters is mostly not as bitcoin users but bitcoin investors who only expect big profits by keeping them in the long run. This will backfire for this technology someday if the price has been considered too high, FUD is scattered and eventually, there will be massive sell by investors.
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cryptocurrency offers a fantastic profit where we have often seen 100% profit in a short time. Therefore, it is actually very easy to secure a profit on this investment. My personal way is to secure some of the capital I use early, so it makes the risk that I face small if I decide to keep my assets in the long run because what I use is my profit. Then, the profit I left behind, I consider to be capital, so if it has achieved profit in accordance with the percentage that I expect, I will make the first step back. And so on.
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Do not compare them. To each his own. Someone likes to store money in banks. Someone likes to keep money in the cryptocurrency. Everyone plays by their strategies. Think with your head.
Keeping money in your bank account is something even the traditional kingpin investors find a horrible choice, especially so with how interest rates on savings are lower than ever before. Some banks have even introduced negative interest rates, which is something that people find hard to swallow, but it's the reality. In other words, owning money costs money, can you believe that? As if that wasn't enough, your savings also lose between 1-2% value every year. It's basically capital destruction without doing anything, and that's the worst part -- this system is made to make you lose, that's obvious now. Currently the highest interest rate the bank can offer me is just under 1.2% annually, but that means I won't be able to touch my deposit for 5 years. Even in that case I will still be losing due to the value loss of my deposit.... its a true story, even some banks that actually charge the person who keeps the money in the bank, without giving interest to savers. How ironic is not it? although in my country still the interest rate on deposits such as time deposits are still slightly higher ie 5.5% but still, that number decreases every year. Therefore, we must be smarter in making decisions for the management of our assets and money. |
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the discussion about banking is one of my favourite topics in this forum. Well, talking about the comparison between banks and cryptocurrency is certainly very different. Banks are governed by governments in a country, they have all the permissions to perform the functions and spread the facilities they offer. While cryptocurrency, not fully supported by the entire world government because there are also countries that oppose this technology. Surely at this time, banks are still above the wind because they are held by the government while cryptocurrency is still in the development stage.
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I have seen some news regarding hackers, terrorists, and other criminals using bitcoin for illegal trades.
How the police can find about these transactions?
Even if is hard to track illegal transactions, I don't think that Bitcoin can be a danger to society, since the problem is the society and its people.
Since the beginning of the internet this is happening ( the bad people committing crimes) and no one is willing to shutdown internet because of that, so in that matters Bitcoin should be equivalent. I think those illegal transaction are one of the reasons some governments and the media are trying to depreciate bitcoin, but the problem is not Crypto/blockchain or Bitcoin, is just the society.
Criminality and illegal trade should be distinguished from bitcoins. Lets not forget that before the invention of cryptocurrencies; issues of hacking, terrorism and other nefarious activities were still on record; why do we now associate every bad act to the advent of cryptos. I believe bitcoin have nothing to do with criminals Openly, it must be accepted that bitcoin can be used for illegal transaction. Bitcoin can be hacked or stolen. Besides that also must be realized that it can be used to buy drug, buy weapon, terrorist funding even money laundry. These illegal use should be overcomed together to support bitcoin growth because it can also bring a lot of benefits to people. the real problem here lies only in the individual that misuse something that does not fit the actual function. For example, drugs, drugs - these drugs were created to help the medical personnel in the process of operation and others, but there are unscrupulous individuals who abuse these drugs and traded illegally. Just as the actual bitcoin was created to help the transaction process get better, instead used as a means of money laundering and terrorist financing. |
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We have different strategies about earning bitcoin or how are you going to manage it. In my case my goal is to earn as much as many bitcoin before it reaches 6000$ or 7000$ (I hope) but there's one different thing about my strategy and it's "To earn bitcoin without investment" Meaning earning bitcoin through hard work like signature campaigns, bounties etc. So i hope i achieved this goal before the price starts to grow again.
well, let's just say the strategy you use is to play safe with cryptocurrency. Of course, the risks faced when entering the world of cryptocurrency without using the capital and just use the bounty and signature campaign remains the same, only thing that you sacrifice here is just time to do all those things. The downside, the income you earn depends only on the amount of work you get from bounty and signature campaigns. |
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Not everything that is planned to run in accordance with our wishes, it all depends on effort and hard work, because there is no result that betrays the effort and hard work. The thing to remember is do not ever expect an instant result without any effort first. Hard work or smart work must be accompanied by effort, without any effort, there will be no result.
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Understanding cryptocurrency especially bitcoin is a very valuable knowledge today for me, the promised profit is incredible and it can change your 180-degree economy personally. It would be very propped when the technology trip is smooth - smooth course, without the issue of tilt, ban and so forth. Well, FUD here is part of the challenge that must be faced by this future technology to be able to prove that this technology should be maintained. If the majority of bitcoin users do it, it could have destroyed bitcoin, because the fate of this technology is in the hands of its users.
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no it should not as both can be complementary but if banks continue to refuse to do some transactions such as banning people from using their cards to purchase bitcoins then it will very much become one because people will purchase the coins without them and might stick to these channels that allowed them access.
Probably, something you do not know right now that is the purpose of the ban by the banks to make transactions purchase cryptocurrency by using their products in the form of credit cards. Because since 2017 increased use of credit cards for the purchase of digital assets more rampant, and it is considered very risky. inevitably, banks should discontinue use of their products in use for digital asset purchases because it is feared that NPL (Not performing loan) value will increase because of it. |
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Things to keep in mind when wanting to spend money is sorting between needs and wants. Needs are things that must exist and can disrupt the activity if not met. While desire, it is actually not very important, but sometimes it appears in the mind of someone who causes it to want to have it. So, prioritize the needs of the desire, then you will learn how to control yourself from things that are not too important.
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anyone cannot talk at length about what can trigger economic development except for government or economists. But the bottom line is, the economy is governed by the government, while bitcoin is not regulated by anyone, if bitcoin can make the economy better, it means we no longer need the government to regulate the economy and it can cause an imbalance from a country whose economy is not governed by his government.
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We cannot blame the bitcoin on that. If that is true, that underage children can access pornography, regardless of facilities and media, then what needs to be blamed is the lack of parental supervision of their children. If the parent performs its function as a parent, educates and directs the child according to his needs, then this will not happen.
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