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If you are talking about the value of Ethereum then it good so far because after the London upgrade the value increase. While, if you talk about the transaction fee, it is bad because nothing has change still you need to suffer for a high transaction everytime you need to send Ethereum which sometimes a little bit annoying.
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The time I started trading cryptocurrency , it's really difficult to control emotions and always there is regrets once I sold at a lower price and suddenly the price goes up drastically. But after I understand how trading and investing works I slowly manage my emotions and focus on the market movement to avoid unexpected loses. Trading and investing is full of risk but it is also our key to gain huge profit. Become a good investors just need patience, and self discipline including on how to control and manage our emotions.
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Bitcoin will last as long as humanity will exist even with the interference of external forces. The government can ban and outlaw the crap out of Bitcoin but it will still survive. Bans and criminalization will only hinder it's growth to some extent, but definitely not kill it.
There is no infinite in this world, everything has an end and a new one will come. But I believe bitcoin will last for long because of supply and demand that drives through to become the most valuable digital currency in our generation. What I love in bitcoin is FREEDOM to use, to spend, to earn and to keep without any third party. |
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Sometimes government is always the hindrance for the people to have a good and prosperous life. They just want to own everything, cash, gold and now bitcoin but unfortunately they can't control the decentralized digital currency but they still have the power to regulate or ban it. It's sad because you already have your own banks in your hand but government try to steal it. Bitcoin is more than fiat because it can be an asset and also a currency. Without banks, you can use it as your own banks to save money and to make transactions with your own without third party participation.
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In crypto world, everything is possible to happen. Binance attract more attention and investors because it has a huge potential to grow in the future. Also using BSC is really good because of the very lower transaction fees and fast transaction unlike in Ethereum with a very high gas fee. Although Ethereum still has a huge demand, there is a possibility that BNB will surpass Ethereum in the future.
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Very disappointing! I wonder why there are so many tokens with the same names on the blockchain network, I have seen so many scammers take advantage of new projects by creating a scam token using those new project names! Many people have already lost money because of this trick [mostly beginners]. If a new project creates its own token and becomes popular, scammers will create a fake token using the original name of the new project! So if beginners do not know how to do in-depth research then it will be easier for them to lose their money by buying fake tokens.
The creators of these blockchain networks have used great knowledge to create these technologies and so far they work perfectly, so why not make an effort to improve them so that they can limit only one name for new tokens to avoid fraud? I think if they can do that it will also help add value to the new project because scammers will no longer have the opportunity to create a fake token using the details of the new one.
What are your thoughts on this?
That's really annoying but we can't avoid the fact that scammer is always everywhere, they are also upgrading themselves and developing to much more capable scammer. That's why we should be careful anytime. If you invest in a project, don't just look on their token names but be sure to check the right contract address of the project because fake/scammer can't make the same contract address with the original project. Always be cautious. |
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There's a new kid in town named "Binance Smart Chain" focused on rivaling Ethereum into becoming the world's second-largest cryptocurrency by market cap. It went all the way from being worth cents (in USD) to just hundreds of dollars in an instant. Unlike Ethereum, Binance's smart contract platform offers a greater degree of flexibility with ultra-low fees and blazing-fast transaction processing times. Of course, no other cryptocurrency (except Bitcoin) can outmatch Ethereum's level of decentralization. I guess that's why most developers continue to build dApps on ETH instead of migrating to BNB altogether. For different tastes, needs, and/or purposes in life, will be the type of cryptocurrency to use. I prefer Binance Chain over Ethereum anytime because of its benefits. But some people will prefer Ethereum over Binance Chain because of its decentralized and censorship-resistant design. What's your choice? Ethereum or Binance Chain? Why did you select such cryptocurrency? Will one of them fade into oblivion sometime in the future? Or will they co-exist for many generations? Your input will be greatly appreciated. Thank you  I love both Binance Smart Chain and Ethereum. It is good to see more than one chain in cryptocurrency that offer different benefits for different user types, which is why I believe they will co-exist for quite some time. Currently Binance Smart Chain is much better for fees than Ethereum and is gaining market share rapidly but once Ethereum upgrades I think we will see a lot of that money flood back into Ethereum. Both Binance smart chain and Ethereum is useful and great to use. I love to use them both. BSC always low fees and fast transaction. The only sad thing in Ethereum, even after the London upgrades, nothing has change in terms of transaction fees, still high. But I don't think if there will be any changes after a couple of month, let's wait and see. |
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Proliferation of bitcoin ATMs anywhere in every country is a great development of bitcoin but unfortunately bitcoin ATM is just limited in an open countries that support cryptocurrency. Maybe next time not only in gas station but also in different public places, where people can easily access their bitcoins using bitcoin atm. Hopefully we can also have bitcoin atm in our country.
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As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run. Thoughts?  Maybe it will works in the part of the government if they regulate cryptocurrency and implement some rules and regulation to follow by the cryptonian's but still limited because digital currency is decentralized and government has no full control or authority over crypto. Also it depends if the country is not crypto friendly but if the country is open for cryptocurrency, government will not prohibit the developers from creating new coin nor banning people from using, trading and investing in crypto. |
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We have different strategy in taking profits on Altcoins. For me, I would rather choose an altcoin with good return even for a short run then put some percentage of my profit on bitcoin so that if ever the altcoin I choose suddenly lose it's value, I still have profit put on bitcoin. It's too risky to hold altcoins specially a new hype altcoin, maybe ETH is good or BNB but others, I doubt it, that's why be wise, if you gain profit through pump in altcoins, put some percentage in bitcoin.
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In my country because of pandemic, food prices increased some percentage but not doubled. Although many people have difficulty caused of this pandemic and every areas implements lockdowns, others may capable to buy foods at the current price. Mostly, meat always the number one to increase the price depends on the availability of supply in the market. Hopefully this pandemic will end soon so that we can go back to our normal life and to recover our economy.
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It depends on how much bitcoin we can accumulate. If you believe in bitcoin then I think you will do everything to accumulate more, therefore there is no enough bitcoin for you. If you have just small capital, it's difficult for you to accumulate even one bitcoin. So far bitcoin is playing at $30k to $40k , if possible you can buy more now and wait the next ATH or if it will bounce back to $60k, at least you surely have profit.
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In this realistic world, money bring happiness though it is not always, sometimes emotions and relationship matter over money, but to have a basic living and fulfilling the demands its all money which is required to live and have a good life. More can say we are living in a materialist world.
It depends on how you will handle your happiness over money. Despite the fact that we are in a materialist world, you can't still buy a real happiness with your money. Money is just a tool for you to survive in this world. You just need money to buy your necessities, your foods, clothes, house, car, payments for bills and debt. In other word money is just you need to solve your basic problem in terms of financial. But it can't help you fulfill your true happiness inside your heart. You are just happy if you have money because you don't have problem for your daily needs materially. |
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i am new in crypto world and i don't know how can i get right signals on right time . i joined some paid group but they gave me some good and some bad signals too. then i learned about indicators and i used some indicators but some time it didn't work for me. i want to know that where am i making mistake and what should i do to get a handsome profit.
Self learning and experience is the best way to start in trading. Don't rely on trading signals from others because it won't you help gain profit. As a newbie, you need to collect some personal experience so that from that experience you will understand the price graph and movement in the market and you can create your own strategy to be use. Also crypto is volatile and nobody can predict exactly the market even they use different signals. |
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The volatility of the market gives profit for the traders. All you need to do as a trader is to have self discipline, knowledge, patience, and strategy. Also, don't be greedy and always learn the market movement so that you can keep up with its flow. Always learn from your mistakes and experience. Having a trade loss is only normal but avoided to always happen.
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Investing in cryptocurrency is very risky but highly profitable. Nowadays, it is the best investment for me specially this time of pandemic and I don't have other job to earn for our daily needs. Earning a profit from crypto depends on how you will manage your investment. Of course, it needs knowledge because it is risky. Investing in it without proper study and caution is like throwing your money in a trash can.
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Everything you wrote is true, someone will lose a lot of money when investing based on FOMO or following from others, not based on their own analysis results. but by losing money in the crypto world is a great lesson, you can see and be more open minded about the crypto world and price movements.
But the problem is when someone loses money and he doesn't learn from the mistake and comes back again, it's really bad and indeed in analyzing it is not an easy thing but if we keep learning and trying we can definitely do it, the most important thing is not to follow what other people say because it is not necessarily what we want If he doesn't learn from his mistakes then I think he is a brainless person working in crypto space. Knowledge, patience and understanding is very important when you investing or do trading in crypto. Experience is the best learning method that we can use to handle our investment and avoid loses. Don't always follow what others to say, instead study the market and you should have your own strategy in order to gain profit. |
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I think not started but continue because I believe altcoin season never stop because while the altcoins keep on growing, the demand and investors also increasing. I just watch the market and some altcoins now are in green while bitcoin go down to $36K again after it reached $40K yesterday. Altcoin is good to invest as long as it has a good foundation.
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Criteria for choosing altcoins is depends on a person who wants to invest. I mean everyone of us have our own criteria it in choosing altcoins to invest. Like for example, Coins must be listed at least top 20 in coinmarketcap, the project is productive and continuously developing, team members are active and the coins has a higher demand and volume.
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