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having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
If it is a valuable coin, you can hold it, but if it is a hype coin, analyze the market and sell it at the right time. But if you are suggesting to a friend, don't just talk about selling and holding. You can analyze the market and let him make his own decision. Remember not to help anyone make the decision. |
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In fact, at the beginning, I only dared to read the posts posted by others, but did not dare to reply, because I was a newbie in the forum, and I was afraid of replying or posting errors, and no one would read my replies or posts. When I muster the courage to reply to a post, someone will not reply to me because I am a novice. Everyone feels like friends. I think there is no hierarchy. Everyone can post and reply.
Many people think that what the hero says is credible, and the same topic still has the weight of the hero. I will look at everyone's topics.
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I have been following a project and have been following this project, but this coin is not a value coin, it is a meme coin, a coin that relies on people to pull people out. Fortunately, I withdrew before the coin went public. Because I don't invest in these coins, I usually invest in some valuable altcoins or bitcoins. Otherwise I will lose part of my money.
This is actually not a bad experience, it's just a waste of time. Did not lose money.
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If you invest blindly, the result will be insecure. I followed up a project during the epidemic, but I did not invest because its model is a bit like MLM currency, and it requires people to recruit people. At this point, they are worthless coins. If you have friends around you investing in this type of coin, you need to give some advice to prevent your friends from being deceived. When you invest in altcoins, the first thing to look at: - The white paper of the project, see if there are any similarities on the Internet.
- The technical team, and team members are not anonymous.
- The relationship between official social media, communities and fans.
- Don't invest because of feelings, and don't completely obey others.
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Currently, I use Bitcoin as an investment. Bitcoin payments can be made in many places, but Bitcoin payments still require fees. I also tried the Lightning Network. Yes, the Lightning Network is more convenient, but Bitcoin is still very volatile now. If it is used for daily payment, I will not consider it now, and I will continue to hold it.
You can have both investment and payment.
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I am an investor, but I occasionally act as a trader.
Because I am more optimistic about valuable long-term currencies such as Bitcoin and Ethereum, I will invest 30% of my salary, and I will also look at some altcoins for short-term or swing. I think I'm still conservative, I don't like taking risks. I like to accumulate less and make more. As long as the profit can sustain my daily life, I don't need a lot of profit.
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The development of Bitcoin is very stable now, and because of the recent rise of Bitcoin, many altcoins are also slowly rising. But Bitcoin's volatility is still great,,,
However, the market is not getting worse and worse. Some newbies who entered the market because of the pandemic have also learned how to deal with market panics by learning about cryptocurrencies. You will not sell your coins because of the fall of Bitcoin. I think Bitcoin will still rise, because Bitcoin has become very popular recently because of Amazon, and it will not affect the development of Bitcoin because of some "rumors". This is a good sign.
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Emotions are indeed one of the most common problems that interfere with us in the market. Some people cannot control their emotions and invest emotionally. There is also the fact that you don’t learn the knowledge of cryptocurrency and invest on your own intuition and confidence, which is also relatively common in novice investments. - Before investing, we must look at the project itself, learn to analyze market trends, do not invest blindly, and have patience and a clear mind.
- Don't be afraid if the price of the coin you invest in drops, trust the coin you invest in. Don't be disturbed by the market panic and make bad judgments.
- Don't be afraid of failure, find experience in failure, have the spirit of adventurous and the courage to take risks.
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Nowadays, there are still some people who know about Bitcoin just know that it is a cryptocurrency, and don't even know what purpose it has. They only know that it can make money, and many people don't know the existence of Bitcoin. The elderly and children in every country probably have never heard of Bitcoin, but compared to 2018 and 2019, there are more and more people who understand Bitcoin. But some people just understand the surface of Bitcoin. Bitcoin is a technological innovation. There is still some time before everyone knows Bitcoin. Time will prove everything.
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But Bitcoin will still be affected by "rumors" or "hype".
When Musk said that he would use Bitcoin to pay, because he has a number of fans, this is also good news for Bitcoin, so it pushed the price of Bitcoin. When Amazon said that Bitcoin can be used, this The news also caused a period of enthusiasm and caused Bitcoin to rise. To be honest, the impact of the two on the price of Bitcoin can indeed be seen.
But Bitcoin is more flexible, because both of them are not currently implemented, and they are not substantively helpful to Bitcoin, but it is also because Amazon and Musk Bitcoin are more people's attention. It is also a good thing.
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Maybe Elon Musk wants to control the market (maybe the rich want to control the market), because of his attitude towards Bitcoin, no one believes in Musk anymore. He still has some fans who believe in him. Will also pay attention. There will also be some discussions and enthusiasm in some media because of his posts. But everyone will not invest blindly, because everyone already knows what type of person Musk is.
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From an accounting point of view, my first reaction is how to verify the converted price in the future, because the price of Bitcoin changes all the time.
There are also expensive handling fees. Will the handling fees be more expensive than the price of the goods？This will affect sales.
I think it should be priced in U.S. dollars, and the bitcoin price of this product will fluctuate at any time. This is just using Bitcoin as a means of payment. The opposite scheme is to use Bitcoin for pricing, and each commodity has a fixed Bitcoin price, but this may not pass the U.S. regulatory agency. If the price of Bitcoin is taken as the standard price, if the price of Bitcoin is high, no one wants to buy something worth $5 with $50. The pricing problem is difficult to solve, |
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I personally don't really care about this person because with or without a statement from him I can still do my own research. but I still follow the progress of what he is doing because for me it will be very profitable regardless of the controversy he creates.
as for there are still people who believe it or not, it's back to their own rights because I'm sure even though many hate it, there will still be a lot of supporters, especially for beginners who want to be involved in crypto.
but for me if it benefits me then i will follow but if it can create high risk like the pump he has done before then i will leave because this is my asset and i will keep it as strong as possible
I think the same as you. Because Musk is rich, his words are still influential, but most people still don’t fully believe in Musk. Everyone will judge through his posts, because some people will also use his tweets hype affects the judgment of some people so as to achieve profitability, so we can judge and then operate after he publishes the article, instead of blindly following. |
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This is a bold approach, and Bitcoin is relatively stable compared to others. Most of me are in Bitcoin, and a small part of it is in altcoins. Because I do transactions more frequently, I will not open the software in Bitcoin all the time. Maybe the next time I open it is a few years later, I pay too much attention to the trend. It’s easy to make some incorrect decisions,
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You can learn some encryption knowledge and read some KOL articles, but you must have your own judgment. Recently, because of some media and panic because of "rumors", some people have sold their coins. No one knows the ups and downs of the market. What will happen, but don’t buy or sell your own tokens just because of what others say.
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Although not every internal source is fake. There are obvious reasons why employees who leaked information did not want to be named in news reports. It's not that this story is necessarily legal, but I won't deny a story just because it has internal sources. This is the case for about 90% of stories leaking sensitive information.
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Lightning network can be used, transaction fees are relatively low, and transactions are safe when they arrive within a few seconds, but it is not decentralized.
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This statement is definitely wrong. Bitcoin is equivalent to a weathervane. When the price of Bitcoin drops, people will panic and sell other coins in their hands. Altcoins will also drop. Bitcoin affects the entire cryptocurrency market.
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In the future, cryptocurrency will definitely get better and better, mainly in Bitcoin, because the total amount of Bitcoin is limited and some countries have set Bitcoin as legal tender. Now that technology is innovating step by step, cryptocurrency is also advancing along with it. In the future, cryptocurrency will innovate with technology to get better and better.
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