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All depends on the needs of our daily lives. If a thing we need, why we should sell it. If indeed the goods are not much benefit in our daily life. Yes, we better sell it. And we make the capital to buy another bitcoin or crypto. I suggest if our capital is too little, we better buy altcoin. And we start to trade. Because if we are newbies and want to trade bitcoin, I think it's very risky. Because beginners are still very necessary to learn the best way to trade. If we really want to buy bitcoin, you better make to invest. Because I think bitcoin prices will rise by the end of this year.
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The worst thing is when I delay to buy bitcoin when the price is very cheap first and do not immediately want to learn about cryptocurrency. When you want to buy, market prices start to rise high. Then the market price falls, and the panic begins in the mind. That's what makes the loss and becomes a bad experience.
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I would say hackers are everywhere and they can not stop running the crypto currencies because they know very it's anonymous nature is leading factor for them. They kind of get extra layer of protection. Anyway with some research they can be caught.
About the precautions . .
1. You should store your tokens and/or coins in the wallet for which you hold the private keys.
2. Obviously store these private keys in safe place and I would suggest that you should save them in the offline password manager.
3. Never ever go to link of your wallet from different websites, chats etc. Always bookmark your wallet website link.
4. Using the hardware wallet is advisable but looking at the cost you may prefer focusing on the first three points.
5. Storing the tokens on exchanger is worst idea. Hence follow the rules 1, 2 & 3.
5. Do not use public internet and I am pretty sure if you access wallets like that then you will loose your money.
That's all I know and I follow.
I totally agree with your opinion. this can also be a lesson for me and others. and increase knowledge about securing crypto. and then I will take precautions as you do. to avoid everything I do not want. with the news as above, be careful in all the actions we must do, so that the crypto currency that we have always safe. |
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I really agree with you, hearing false news in my opinion just wasting our time alone. And it will all destroy our concentration. When we are convinced of a story, then our belief is more stable. So in my opinion, we should be able to choose which news is good for us and where the bad news. If we do not understand the truth of the news. So do not be shy to ask friends who have long held bitcoin.
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crypto is something of value. And all the precious things will surely be many who want to own it and that thing will never disappear forever. Examples of banknotes, banknotes are made of paper that is of no value. But many people want to own it and from now until the paper money is still there. Another example, gold or silver. It is just a stone, but gold and silver are precious. So from the beginning until now gold and silver are still used. Like crypto, crypto is something of value. so crypto is a valuable new invention and will always be there forever.
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I think many factors that affect the price down. not only bitcoin prices are down, the price of the other crypto also a lot of down. In my opinion, it may be because of negative news and people's beliefs about bitcoin. Not a few people who do not believe and there are still governments in a country that has not legalized bitcoin.
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This is one of the good development that are happening in crypto world which is favor the Bitcoin that if these great progress will continue it will absolutely make Bitcoin back to the line towards out most awaited high price value again which is $20,000. I just hope that no more dip that will going to happen again by this year because some experts says there is still last dip that going to happen early next month. I agree with your opinion. If more and more bitcoins are using it and growing in any country. Surely the future of bitcoin will be brighter. More and more are using bitcoin, increasingly affecting prices in the market. So I also hope, hopefully as more and more bitcoin enthusiasts, the higher bitcoin value for the future. |
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Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
Yes, I think you did something right. Maybe the way you do, is the way many people do in the trade to make a profit. And this is very fitting for an example for beginners who want to trade in bitcoin. This way I think it will be faster to benefit rather than just wait. |
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Indeed many cryptocurrency values are zero. But not all cryptocurrency. If you are hesitant to choose which one is best for the future. Then you should really know the cryptocurrency is widely used for people or not. Because more and more people are using cryptocurrency. Then the better the cryptocurrency. As an example, some cryptocurrencies are made in return for a project. Maybe the future of cryptocurrency will be more advanced for the future.
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Yes, I think now is the right time to buy and it's never too late to buy and learn about bitcoin. Wait let alone, now the bitcoin value is climbing upward. And I think the current market situation will continue. But it all depends on yourself. If you are still hesitant to buy at this time. Please wait, you can wait until bitcoin price goes down. Hopefully what you do is the best thing for you.
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In my opinion, people agree to pay taxes because they think if the government implements the tax system, then bitcoin has been legalized by the government. And the government will be more fully support for bitcoin. And those who agree to pay taxes, they are convinced by the application of taxes that the future of bitcoin gets clearer and more and more people want to own it.
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There is a possibility that governments would create their own cyrptocurrencies in the future because as the saying goes "if you can't beat them, join them" , governments would realize the need to cater to the demands of the people for upgraded technology in order to adopt to the continuous growing modern technology. If as of today governments are not considering to join the latest technology it would be to their disadvantage and great loss in the future.
I totally agree with your writing. I hope the government will do so soon. I think, if the government wants to make its own cryptocurrency, then I am sure the government will further support the development of cryptocurrency. Perhaps the government will build an educational infrastructure about cryptocurrency. That might help people to get jobs and income from cryptocurrency. And certainly everyone will try to buy and invest in that currency. |
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Bitcoin or Real Money
Recently, a survey was conducted among ordinary US citizens. It turned out that according to the degree of preference, banknotes lose to debit cards by only 6 percent.In the polls that took place in May and June, 1 thousand Americans participated. Of these, 27 percent preferred cash. The most popular debit cards - 33%. The situation with virtual currencies is quite good. They satisfy 15 percent of respondents.
For the time being, there are means of payment in circulation that are irretrievably obsolete. They are to taste only 3 percent of respondents. These include checks.Similar studies have been conducted in Asian countries. And here it was confirmed that paper money is still the leading way of making settlements.
Yes, I think what you say is true. real money for now is more usage than bitcoin in everyday life. Because with paper money, one does not need to have technology or internet science for their daily activities. But if with bitcoin, a person should be prosecuted using technology and the internet. Perhaps for now paper money is more dominant than bitcoin. But I am sure in the future, when everyone takes advantage of technology and utilizes the Internet as a daily activity. I am sure, paper money will be increasingly displaced because of the cryptocurrency. |
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Of course the Bank will not make us rich. Banks are just a place to collect funds from the community and will be distributed again to the community. And from the rotation that the bank get a profit while we get nothing or even some of the loss. Therefore if we have the money should be invested in bitcoin. Bitcoin that can make us rich.
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I think friends in this forum no one knows for sure who Satoshi nakamoto. because until now there is no article or video explaining who satoshi nakamoto. which I know he is a group of geniuses who want to make a change in our financial system. they created bitcoin in 2009 after the global crisis of 2008. they created bitcoin to prevent inflation and prevent monnopoly of government money.
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I think bitcoin will not be legal around the world because right now there are already many countries that are rejecting bitcoin. such as China, India and Bangladesh. And people who do not understand about cryptocurrency prefer to use fiat money. But if someday in the future legal bitcoin around the world it will be very nice we do not need to go outdoors to make all transactions and if we want to travel abroad we do not need to be complicated to exchange money.
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wow this is a good news. that way they will understand cryptocurrency early and can make them interested to invest early on. I do not think it's a bad thing to learn to invest since school, so kids will save more because their money will be invested in cryptocurrency. and they will be careful in using money / not wasteful and they also get dedication that making money is not easy.
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I think bitcoin is not designed to end the government but instead improve the world’s monetary syatem. I think the goverment should support bitcoin by updating our policies to adapt this new system. I believe through bitcoin, we will avoid future financial crisis saving all the economies in the world. The government should work side by side with bitcoin and other crypto currencies.
yes right i agree with you bitcoin made not to destroy the government. precisely the presence of bitcoin has helped us, especially in the economic field. a decentralized bitcoin system can prevent inflation. bitcon will not destroy the bitcpoin government created to prevent the global monetary crisis. |
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I think the bitcoin value will go down because natural disasters that occur will disrupt the flow of electricity and internet network. and people are more focused on the necessities of life like water, food and electricity than think of bitcoin. if like this we can do is wait until normal power and internet network is connected again.
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It all depends on the human bitcoin like a knife if the user is good then it will be used to cut the food and if the user is bad then it will be used to kill. We can not avoid the positive and negative effects of technological developments. Likewise we can not prevent the use of bitcoin for illegal activities. all we can do now is promote bitcoin for good works like charity.
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