Good news recently pushed the bitcoin price up to over $ 8,000. It is rumored that the bitcoin ETF investment fund may be approved by the SEC. This makes the bitcoin price very unpredictable. If the situation is favorable, the bitcoin price will increase until that date and if it is actually approved the bitcoin price will skyrocket and the whole market will go up. Conversely, if it has not been approved will lead to price go down the whole market. You think the case will happen?
Fortunately the bitcoin ETF has been rejected by the SEC. I'm very happy to hear it, because the SEC's also concerned about some acts of manipulation which happened in bitcoin some time ago. For me, bitcoin ETF is just an alliance of greed for big players to make the most profit by harvesting bitcoin before the time arrives (pump). |
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Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
Investing is more profitable than saving. However, most people think to raise money only one way that's by saving, with the reason for our future life. Even now we certainly like to set aside some money from income to be saved in a bank. That's right moreover the bank also gives a few percent interests which can increase our money in savings. But if we only rely on funds which's collected in the bank. Of course will be very difficult for us to be able to buy the goods of our dreams in the future. The reason's clear, inflation growth's higher, than the increase in bank interest given. As humans, we certainly want an increase in living standards in the future. So it's not wrong if cryptocurrency, you make it as the first choice to maximize your finances because investing in cryptocurrency's the best alternative to collect dollar coffers quickly. |
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Yes! You need to protect your wallets against any possible theft or hacking. You must protect your private keys and wallet passwords. This is a must for everyone, else your coins will be stolen.
The frequent warnings of ensuring you protect your private keys from anyone seems to have eaten too deep into almost everyone of us in cryptocurrency. Some of us have forgotten certain realities of life and cryptocurrency wallets which I want to warn you about. My warning is mainly targeted at anyone who has a family, or at least, a child. You must leave a means or trace that your family will be able to access your wallets when you are gone. I mean when you are below 6ft. Each one of us will die some day. No one wants to hear this, but it is the absolute truth. If you suddenly die today with your secret keys and passwords unknown to your family, your coins are lost forever. Your crypto wallet is not a regular bank, so no way your family can claim your many crypto wealth online.
Don't be selfish. Your family or wife or children must not suffer when you have so much Bitcoin or other coins trapped in an inaccessible online wallets.
Remember your family and loved ones.
You have a very strong and uneasy decision to make today.
Quite a good point though. But can someone actually include his cryptocurrency wallet in his will? Maybe that may help too. Otherwise, all the coins you have will just be wasted forever when you are dead. Your answer's very interesting, though very simple but very reasonable and easily understood by anyone, even for those who are still laymen. I think if there's an easier way why look for difficult ways. |
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Until now fiat currency will not be able to escape with its problems, namely debt and printing costs which are expensive (still confidential) which's greatly influenced by the complexity of the security system applied to the money itself. When referring to Satoshi's vision and mission, the purpose of creating bitcoin is to correct the deficiencies in fiat currency, where each transaction can be carried out in a peer-to-peer manner, while at the same time cutting the costs of third parties. The creation of bitcoin's limited which's only 21 million pieces, so it has a volatile value like the price of gold.
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At what point is best to sell on the news? The day before? Day of the News? Or just set a target and sell when its met?
When prices continue to move up from day to day for 5, 6 or 7 consecutive days although the price increases only 10-15 percent but it's a good time to make news, because 1-5 days are sources or evidence there's an increase so that the published news, will be considered actual by the public nor the news observer. |
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OK so I bought ETH a while back when it was 600 dollars.
Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?
Please help me understand
You buy ETH when the price's 600 dollars, and you want to sell it when the price drops touching 275 dollars, I think it's a great policy to destroy your money quickly. All might know the cause of the destruction of the ETH price, was caused by a large number of ICOs who had sold their coins on a large scale. IMO, the wisest choice's to buy when (the price is low) people make a sale. |
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Everyone loses only if they don't have a self-control and patience, you know that when you are in the market waiting for your turn for the right moment before you sell is still requires patient. And you can't hold on to yourself because you've lost it already watching the market keeps falling and falling then you will the victim of your own actions because you got controlled by your emotion.
You're right dunfida, people like them are usually easily frustrated, stressed and easily give up on circumstances, they seem to assume that market prices will not grow again. If they believe in the popularity of crypto currencies that the price will recover even better than before. Maybe this panic will never happen. |
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What will happen to this market within a year...? Investing on BTC was great on last few years. But if we invest on these days for a 1 year, will it gives a good profit or not?
Investing in bitcoin for one year is the best way to maximize profits. The important thing is when prices experience a significant increase say 'MOON' you must sell them even though your investment has not reached one year  . |
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Well, I admit that bitcoin cannot be regulated and that it has been recognized by them, especially officials working in the field of state finance. The act of money laundering's actually very easy to do they can convert/spend it into the form of gold or diamonds. So not only on bitcoin only (this's just a classic reason lazy governments) which can only scapegoat bitcoin.
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After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Yes you're right, I agree with what you have said it's all very appropriate with the vision and mission of Satoshi Nakamoto. However, you also need to know, the change in function occurred due to regulatory factors imposed by the government. Bitcoin users in fact are smart people, don't be surprised if at the end they can make alternatives using bitcoin only as an investment asset's like digital gold, rather than having to get out of bitcoin which's sure can have a bad effect for the development of bitcoin in the future . |
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The past year has seen the rise of Bitcoin and other cryptocurrencies. The increase as witnessed in the cryptoworld attracts many investors, ranging from those who understand the ideology of Bitcion and newbies whose idea was to get rich quick from investing into Bitcion world. The growth in cryptomarket also leads to increase in cybercriminals. The rate at which hackers were attacking exchanges are on the increase.
I just need your suggestion on how to curb menace of hackers in order to build investors confidence in this cryptoworld to optimum level.
Cryptoworld is full of hackers that is why we need to be aware in everything. We need to make sure that our bitcoin is secured. We need to know what is the best and safest wallet. Sometimes they target those people who was lack of knowledge about bitcoin , they take advantage on them like newbies. Crypto's world isn't full of hackers, but their presence is worth beware they always lurk anyone especially those who have the most bitcoin. We also don't know when they will appear because every hacking case happens the trail they leave behind's the loss of bitcoin of course with a very large amount. |
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If everyone in the world gets into crypto and cryptocurrency will become an official global currency, do you think bitcoin then will stop depending on fiat currency? Or will it just co-exist with fiat?
If cryptocurrency will officially become a global currency, of course bitcoin will no longer depend on fiat currency. However both of them will continue to run side by side because fiat currency's the product of the pride of each country which's impossible it can be eliminated just like that. |
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It looks we are stable again. Are we going to go up from here or back to bear market.... What are your thoughts?
I don't think it's time, because some market corrections will still occur in the coming months. But this's very good, maybe in the next few days bitcoin will last between 6.4k - 6.7k, like last week. Pretty good for traders, who are looking for profits between 8% - 13%. |
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Blockchain is what is trending right now despite the fact that Government is giving us ash moment but believe me that next more years to come Blockchain will take over everything, industries oil companies and many more, but right now everything seems hard..
Blockchain's a system which doesn't use third parties. This's very different from the traditional system which until now still has a dependency on it. In essence records of transactions that have occurred are stored by many computers scattered on the network itself. So it will be more difficult to hack the system which's on hundreds or thousands of computers, is less likely for all computers to experience interference at the same time. So, if you pay your donut for example using Ethereum (one of the cryptocurrency), Ethereum for the payment of coffee is transferred from your Ethereum address to your store's Ethereum address in peer-to-peer. And this transaction will be recorded on all computers scattered on the Ethereum network. At present the government has contributed on the use of the blockchain system, there have even been several which have implemented it into their banking systems. |
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I bought bitcoin when it was around $14,500 in January and I am still holding because I am not discouraged. I have great hope that bitcoin is going to increase in price and volume in some years to come.
Continue to be patient and hope it will make you stronger and stronger with your current position. Maybe, not only you who believe in the thing, I am the same as you that bitcoin is going to increase in price, this is not a dream because it has happened before and that is a fact. |
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If i knew that bitcoin costs more than 100k, i would buy three at least and take a pause for the cause. I would drop crypto business and wouldn't take care about it
This dream maybe will come true but far from what many people have predicted, when exactly this will happen maybe only time will know. If it's true, the cost of bitcoin is more than 100k and is the most stable. Maybe I will buy it according to the financial condition that I have. |
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I wanted to say that I have stopped sharing my crypto interest with close mates of mine.
Because they will became greedy and jealous for that money they could have too.
But the problem is that they are seeing a results of hard intense and long work! My tokens sometimes costed me like 3 months of work, (not the hardest, but anyway).
And the are saying then - teach me how to do that! Teach my now in half hour! So I would have my $1000 tomorrow!
And then they are trying to do something here for 5 days, nothing comes so fast and they give up,
also the relations are harmed...
Thanks for your attention folks! Nice days!
When many people sell in a panic, greedy buying may be better. Indeed it's not easy to teach something to people who have such characters, because in the end the person can damage our good name, not even a few people like them are easily discouraged then vilify the coins they buy. |
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In my opinion this year's not yet the time for bitcoin to be mainstream, the article until now bitcoin is still hampered by several restrictions imposed in several large countries in particular. But maybe by the way slowly he will become a mainstream player in the future.
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There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
During this time fiat currency has become a benchmark for every increase that occurs in crypto currencies. Fiat currencies are still needed especially for transactions in buying and selling cryptocurrency, especially for those in countries where the government prohibits the use of cryptocurrency. Cryptocurrency gets value after a deal from both parties, namely between the seller and the buyer. |
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Until when you gonna hold your coins and tokens?
Will you dump it if it is pumping in the market?
I will hold it until there is a lump of 300% on the surface of the price chart, I do this thing solely to get more returns in the future. But I have a little suggestion while you still have enough money it would be nice for you to make a purchase from now on, I'm afraid a big jump will occur at an unexpected time (far from what has been predicted by people person). |
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