There is a popular saying that invest only what you can afford to loose. Some people are making the mistake of investing all their life savings into crypto and other ventures. Some people even went as far as borrowing money or even using their properties as collaterals to borrow money so as to invest into crypto. This is a wrong idea and it might cost you a lot.
Every investment has its risks. So consider the the risk involved by taking each step at a time and do not jump in once.
Yes its absolutely right that invest only upto that extent which you can afford to loose. Crypto is highly volatile and can change the financial position of a person in few hours. Crypto can make you rich in a very short time and on the other aspect it may make you poor. So don't take such type of poor decisions like selling your property for investing in crypto. This is a very wrong approach , it can even ruin you. |
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The main difference between developed and developing countries is that developed nations are more industrialised and more over per capita income is higher in developed countries. Secondly Human development index is less in developing countries.
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According to me cryptocurrency will never become legal tender. A lot of people still don't trust crypto as its not physically present. And those people who knows about crypto are not ready to deal in it due to its highly volatile nature. Moreover people of rural areas are unaware about the technology of smart phones or computers, so they can't transact in crypto.
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Eight months ago, my financial situation was not good at all,
I work that way, My income was about 45 to 50 dollars in the month,
I was disappointed with my income
Than a friend of mine suggested me to work with cryptocurrency. But I had no idea about cryptocurrency. Gradually, I learned to understand a lot about cryptocurrency, cryptocurrency gave me success in life, Now my income is 800 to 1500 dollars per month. Now I am very happy and now I believe cryptocurrency may change the financial condition
Very awesome experience. Moreover congratulations to you for a great hike in your income. This is the only reason why people loves to invest in crypto. Crypto can make you rich in a very lesser time. A bank or some other financial institutions offer you maximum of 7-9% p.a. But investing in crypto can multiply you wealth by number of times. This is the real magic of crypto that it can totally change the life style of a person |
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See, We individuals can't manipulate the market. Its impossible. So why we are crying for the price of crypto. It will rise on its own by the market forces. What we can do is , just remain calm and have patience. Investor or trader who lacks patience, always fail in crypto. So don't worry even if its tough time, be calm and wait for the better time.
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According to me India till date has not imposed any strict ban on crypto, But according to Indian Finance minister's(Mr. Arun Jaitely) speech, he had advised to stay away from crypto. Moreover in Indian banks, notice boards are carrying a notice regarding "Be aware of Crypto" .Don't invest in crypto, increase your wealth by making a Fixed Deposit.
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My friend decided to sell his car and invest all the money in Bitcoin as some people predict that 1 BTC will reach 500 000$ till the end of 2019.
He totally believes in it and tells that then he could buy not only a new car but a flat also.
Does it really worth it? He uses his car for his work and now he wouldn't be able to do this anymore as he thinks there's no need to work anymore.
Its totally a wrong approach. Bitcoin is highly volatile and he may loose his entire investment. One should invest only his surplus worth in crypto Or upto that amount which he can afford to loose. I totally disagree with your friend's decision. I would like to call your friend a gaumless guy. |
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I have got have $2000 to invest and I am planning to invest it into stellar, ripple, ethreum or else half the amount in but coin and remaining half in newly launched ICO. Which one would be a better option?
First of all its very good that you are investing your surplus worth in number of altcoins. Some people invest their entire worth in one coin, which is very much risky. According to me you shoud invest $400 in each of the below mentioned coin. 1. Ethereum 2. Litecoin 3. NEO 4. EOS 5. DASH |
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One investor says it's the only investment opportunity where a poor person can leverage skill and luck, and literally become a millionaire. So, do you think crypto can make us rich overnight?
No, Crypto currency cannot make you rich overnight. Though it can make you rich, but it takes time and all you need is to be patient. You can multiply your worth by number of times. Crypto currency can make you Hero from zero but it can also make you zero from hero   as Lot of risk is involved as its highly volatile and its price keeps on fluctuating. |
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Hello everyone I have a news.
In Belgium there are total 8 Bitcoin ATM machine.
In Antwerp 3 ATMs
In Brussels 2 ATMs
In Ghent 1 ATM
In Hasselt 1 ATM
In Sint-Truiden 1 ATM
Does anyone know anything about this topic?
This news is True. There are 8 Bitcoin Atm's in Belgium. Great news for Crypto family. But unfortunately there is no Bitcoin ATM in my country (INDIA). Moreover Our Finance Minister Mr.Arun Jaitely has announced not to use crypto. So Belgium is very lucky in this context. We hope very soon the number 8 will convert to 80. |
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bitcoin was born in Asia and the majority of users are also Asians. Is it true that the majority of bitcoin holders are Asians. anyone can tell me
Its true that bitcoin was born or originated in Asia. But the statement that the majority of bitcoin holders are Asians is not true. Bitcoin is completely decentralised and has no border limits. It has spread all over the world and according to me there are no stats published till date which shows that most of the bitcoin holders are Asians. Though this statement may be true, but there is not such official statistics published in this context. |
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IF i had the chance to managed a certain government i would really apply blockchain technology and give their budget in a form of cryptocurrency or digital currency that could be used as a form of payment and could even trade to fiat money. In this way we could eradicate the corruption because the public could be aware on where the budget of the people coming from taxes will going through. Yet, until now the government is not interested on cryptocurrency or if they are they are not willing also to investigate and checked how cryptocurrency works and how could it will be applied on their system. They just want their business to continue as usual doing ghost project? I do not know maybe!
Not possible, a government will never use blockchain technology. Blockchain is totally decentralised where as the control of government is not completely decentralised . Many countries are not even accepting crypto, and you are saying to present annual budget in crypto currency. It only sounds good but practically its not possible. |
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Don't worry. Now bitcoin has started rising. Its now $6.7k as yesterday it was $6.3k. So according to me, now it will keep on rising thoroughly. All the investors and traders are having many hopes from bitcoin, So I wish that their hopes must be fulfilled and the price of bitcoin touches the sky as early as possible.
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The Indian economy is the mixed economy. The economy of India had been improved since 1991, because of liberalisation ,India achieved 6%-7% GDP growth annually. The growth of Indian Economy in the future will be bright because of our young generation. Moreover India is one of the fastest growing service sector in the world.
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Why are many disturbed about the drop in the price of bitcoin  . Come on guys, this is the not the time to give up on this amazing digital currency. Although this year has been a very volatile year for bitcoin, but one thing has always remained whenever this amazing digital cryptocurrency goes down, it bounces back much stronger than it was before. This is hope that keeps most crypto enthusiasts like myself who are resilient and have compelled us to develop a strong faith in this amazing cryptocurrency called bitcoin. Please this is not the time to give up on this amazing coin.  Very true!!! This is not the time to giveup. Have faith on crypto as well as on your luck. This year crypto is fluctuating at a very higher rates and this is the indication that this year it will surpass its previous year prices. All you need is to be confident and don't panic at any kind of situation even if the situation turns to be worst. Have patience and wait for your success. |
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I invested into some coins this January and my hope was cryptcoins are going to increase in price this year but the reverse is the case.
I can still remember some coins that I bought around $24 and $25 dollars in January and I am still holding them. Currently those coins are less than 2 dollars respectly. I doubt if I will be able to be patient until price get back to were I bought them and I do seriously regret bought those coins at the wrong time.
Don't worry, currently the crypto market condition is very poor. Not even altcoins ,but bitcoin itself is at very low price as its just $6.7k today as compared with $20k in the previous year. So wait for the good time, definitely crypto market will hike up very soon and will leave a beautiful smile on the investor's as well as trader's faces. I advice you to hold your coins till December 2018. |
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I was wondering if there is a required amount of bitcoins you need to have before you start trading? Also, a little out of topic, but is there a required amount that a person needs to be earning per month before he could start buying bitcoins?
You don't need huge amount of funds before investing in bitcoins. I always say ,Start trading with that amount which you cant afford to loose. There are a lot of chances that you loose your worth but on the other side there are many chances that you can multiply your worth. This is possible because of its highly volatile nature. You can even start trading with just $10. But remember, higher the investment ,higher the risk and higher the profits. |
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Today we have saw 2 type Bitcoin movements! Firstly Bitcoin price has fallen with quickly to 6100$. And then everything is changed and jump to 6500$ with speed. What is going on with BTC?
Its not at all a surprising moment. Bitcoin can fall to any extent and can even rise to any extent. Its the nature of bitcoin. Bitcoin is highly volatile and it will keep on fluctuating every single day, rather every single moment. Now 1btc=$6393. So don't worry about these small movements in the price of bitcoin, just wait for $20k . |
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We knows that the crypto currency investment can give us lot of profits even in short time but this is very new there are lot of invesments like real estate,gold,mutual funds silent partner in businesses and lot more but what you think which has highest ROI in short term other than crypto invesments.
My opinion is that real estate can be that one,since my grandfather used to be like buying and selling the lands and made tons of money in his life time but I didn't do that such kind of traditional invetment.
Its really true that investing in crypto gives you the highest returns but the rate of risk is very much high. Though every type of investment has some type of risk involved in it, but I am listing you some of the least risky investment types:- 1. Peer to Peer Lending 2. Real Estate 3. Direct Equity 4. Initial Public Offering ....................................and many more. |
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Not only China, other country too can't afford a cashless society. Cashless society is just imaginary, practically its not possible. There are many countries which are having very less literacy rate, although the literate countries too have some portion of illiterate people. So there illiterate people will face many difficulties in operating smartphones or PC's. So imagining a cashless society is a wacky thing.
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