Does anyone get the feeling JP Morgan is inaccurate here.
The natural scenario appears to be one where most flock to BTC and crypto in the near future. If inflation rises. Prices trend upwards. And concerns about lockdowns coupled with stimulus spending mount. Employees and the private sector will naturally embrace previous metals and BTC in an effort to insulate themselves from negative effects associated with fiat devaluation, inflation and stimulus spending.
I remember a time around 10 years ago when many europeans thought the EU would fail and euro would devalue due to concerns about greece. Many in europe bought big screen TVs and other items, to retain the value of their money, expecting the euro to crash.
I would be interested to know why JP Morgan says history would not repeat itself here.
I also follow the information around BTC and see how many companies want BTC and other cryptocurrencies, but the price is already biting. Based on this statement, JP Morgan looks somehow not convincing. The fact is that sooner or later the stock market will fall again and will no longer be able to rise, and then many companies will lose all their earned money. What should they do now? It's a good question and it is likely that one of the ways out of this situation will be BTC and other crypto assets. Perhaps some of the companies are already buying, but hiding it. No matter how it was, the situation on the markets is increasing and probably we will soon see interesting events and find out what exactly it was necessary to invest in. |
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I will be delivering a lecture or an address by weekend on a topic which would be part of the Crypto book am working on. The topic i will be teaching is "Crypto Risks: How to Minimize risks in Crypto business."
I would want to focus on trading and Investing. But, i want to know what you think on the following;
1. what are the major crypto risks that one should know and avoid by all means.
2. How do we tackle these risks or are there way to tackle the risk?
We can use btc trading and investing as a case study.
I believe that you are doing important work and could probably help many investors who invest in cryptocurrencies to become more professional and save them from losing personal funds. I would recommend that you draw the attention of your investors to the problem with the choice of crypto-exchanges, as well as to the correctness of choosing an investment option. This is very important, since very often people do not invest in a verified asset or on an unverified crypto exchange. As a result, already at this stage, many are losing money. |
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From USD2000 dropped down to USD1400 for only 2 days? Anyone knows what is happened?  I believe this was due to several factors. The first factor is simply someone, perhaps the miners, put ETH up for sale and some of the big players bought this ETH. The second factor, someone wanted to buy ETH at a price lower than it was at that time, and for this the price was artificially lowered, and after that the buyer bought ETH. The third factor that can influence the fall in the price of ETH is simply a correction in the crypto market, especially since prices have dropped for other top cryptocurrencies as well. |
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I see some crazy numbers being thrown around, one is an Ethereum coin going to 100k in 2030. How can you tell if a price prediction is too high in relation to market cap? Some people say some coins cannot hit a certain market cap. How can you tell if a market cap value is too much for a certain coin? I understand that there are coins where there are great number of circulating supply, but why can't they reach trillions in market cap?
Although I am a fan of Ethereum, I believe that ETH is unlikely to be able to reach the price of $ 100,000 for 1 ETH. You must understand that in order to achieve such a high price for ETH, huge funds must come to the crypto market and especially in ETH and I am not sure that there is so much money to raise the price of ETH to such a level. But no matter how it was, I wish to show even greater growth for each cryptocurrency and give everyone the opportunity to make good money. |
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If you brought low and it was now high, then you could start off selling high and keep selling lower to lower the price. People like a bargain would keep buying as it went down. As long as you don't go below your "low" then you know you could immediately buy it all back for a fraction of what you sold it for? Is there a name for this tactic?
As I understand it, this is a tactic of recruiting positions due to price fluctuations. Personally, I recently encountered such a situation on one exchange, and due to a decrease and increase in the price of one crypto asset, I was able to increase my balance in BTC. At the same time, personally, I myself did not influence the price of the asset, but simply waited for the moment when one of the users buys or sells, but this works better when the asset is sold, then I buy cheaper and then resell it at a profit for myself. Probably this is just the moment that you described and if you can find such an opportunity, then you can certainly make good money on it. |
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Although I am a supporter of crypto and I believe that cryptocurrencies will continue to occupy a part of the world market, however, as for gold, there is an opinion that over the next 1 to 3 years the price of gold may fly farther than the moon. This is not my opinion, but one person and it is based on the future solution of problems associated with the global monetary system. In general, there is a high probability that in the near future there will be a return to the gold standard system and the currencies of states will again be tied to gold. According to this person, from the beginning we will observe a fall in the price of gold and an increase in the US dollar, and after a collapse of both the dollar and the crypto market and a crazy rise in gold. I would not underestimate this opinion, since it makes sense and the likelihood that everything will happen just like that. Of course, this does not mean that the US dollar and cryptocurrencies will disappear, no, it may mean that they will lose their value.
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So the $1.9 trillion stimulus bill has passed the senate and is now nailed on to be signed off by Biden on 14th March. I was wondering what effect you think this will have on Bitcoin over the coming days, weeks, months and even years? It doesn't seem to have made a huge impact straight away, I guess this is because people were expecting it to happen anyway but surely as the stimulus starts to take effect over the next few months, inflation is going to become a huge problem for any individuals and companies who happen to be sitting on piles of cash. Will the government be able to stop inflation from running out of control or are Bitcoin and crypto holders in for the treat of their lives? https://eu.usatoday.com/story/news/politics/2021/03/06/bidens-covid-stimulus-bill-passes-senate-legislation-heads-house/6886446002/I believe that this is good news for cryptocurrencies, as it will provide an opportunity to make another significant jump in prices upwards. As for the money itself, namely the US dollars, this will further aggravate the inflationary situation, which will certainly lead to big problems soon. But as I understand it, without these monetary incentives, everything that I described above can happen much faster and the newly printed dollars should postpone the impending problems, at least for traditional markets. |
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I'm looking for undervalued coins on the market with potential to become something big in the future. One of the undervalued coins I've found is Bitcore. It's like an upgraded version of Bitcoin with SegWit, a 10MB blocksize, a GPU-friendly PoW algo, and a faster block time. The coin launched before BCH hard forked out of the original Bitcoin blockchain. Yet, it's worth cents (in terms of USD) on the market. Considering its technical aspects, I believe BTX should be worth around $100 per coin. I've recently bought some BTX coins, and I'm looking for other undervalued options to expand my portfolio. If you happen to know of any undervalued coins that are a good long-term investment, please let me know. There could be many hidden gems out there on the market waiting to blossom someday. Once they get noticed by investors and traders, their prices will never be the same. Any help, suggestions, or recommendations will be greatly appreciated. Thanks.  I didn't go deep into this question, but at the moment I believe that LTC is one of the underrated coins on the market. I also noticed that LTC is being bought by large companies and this coin is likely to show growth in the near future. LTC has not yet reached its previous peak in price and may well be an excellent investment moment. At the moment, I am holding some LTC and I believe that LTC will show good growth in 2021. |
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In the past month and a half i've made over 100k arbing different markets and developing a very hard-to-beat strat. I submitted my resignation to my full time job last week . Wish me luck. Long live crypto.  Update and some answers to your questions :https://bitcointalk.org/index.php?topic=5321029.msg56477603#msg56477603 This is a bold decision and I wish you the best of luck. In 2017, like you, I left full-time work and started working in crypto. Working with crypto has helped me get more money than my previous job and really appreciate it. However, you need to understand that the crypto market is also not stable and you need to always have a backup plan. However, crypto can provide good profits and perhaps for people like you and me this is an opportunity to be in crypto and quit full-time jobs. |
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The pandemic surely helped Bitcoin and other cryptocurrencies be more widespread and I like seeing that there are many people that have understood the main benefits of it and they're keeping it as a store of value. Last year, 22% of the circulating USD was printed which was around $9 trillion. This clearly shows that the economy was f*cked up last year. The debts are now even bigger.
This is when Bitcoin was seen as a solution. Its deflationary and safe-heaven characteristics were recognized and everyone became abruptly bullish. Now I wonder, what will happen to Bitcoin once the pandemic is over? Once we'll live just like we did in 2019? It will surely have a big impact on the market, but I don't know if it'll be a negative or a positive for Bitcoin.
I think this question is difficult to answer, since we cannot know the future 100%. But if now the United States and other countries are printing money in order to hold back their economies, then part of this money will go to BTC and other cryptocurrencies, which means that they will grow in price. As for the pandemic, after its end there is a possibility that money will be needed and many will start selling cryptocurrency, which will accordingly lead to a drop in prices. Again, this is my assumption and everything can happen in a completely different way. In any case, you need to always be on the lookout and if something happens to have time to react correctly. |
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If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.
In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.
To some extent, you are right. Probably the rich, due to high commissions, limit the participation of the poor, for example, in trading in both the stock and crypto markets. But even if the so-called poor appear there, they lose their main earnings on commissions. I also drew attention to this and believe that the rich deliberately, through high commission prices, limit the access of people with less money to trading markets where they can make good money or even limit the ability to buy a particular asset. All this tells us that the rich already have a plan to get their hands on the crypto market and all the promising and trending crypto assets. |
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As a long-time Bitcoin hodler, I welcome the current development of Bitcoin and find the increasing acceptance great. But the question arises as to whether Bitcoin can still be considered as money for everyday transactions or whether the idea is outdated and Bitcoin is more of a store of value option like gold than a means of payment.
Why? I try to pay with Bitcoin wherever possible. Fortunately, more and more merchants and services are accepting Bitcoin. Whether directly or through third-party providers. Here are my experiences over the past few weeks.
I wanted to take out a subscription to my favorite streamer. $4.99 payable with Bitcoin. Timely Confirmation Fees, $ 6.71. 134% of the purchase price. Even with an annual subscription, the fees would still be around 20-23%.
Paying my web hosting costs of around $30, Bitcon fees also around $5, which would be 16-17% fees.
The fees may be acceptable for buying a Tesla for $ 40-50k, but certainly not for daily payments.
I agree with your statement that Bitcoin at the moment is not very good as a means of payment, that is, money, since everything depends on high fees, and I would also add the transaction speed here. However, I have heard such information that, if necessary, these two problems, namely high fees and slow transactions, will be resolved quickly. Perhaps if there are such solutions, then their implementation changed everything, but at the moment Bitcoin is good as a means of saving and increasing your wealth. |
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For me, my acquaintance with crypto began precisely with ETH and I am sad to read from Binance that the owners of ETH can become poor. Of course, at the moment, the Ethereum network is experiencing a number of problems, primarily with the prices of commissions, but I think that this is not a reason to make such statements, since we have already seen such guys who argued that ETH will soon come to an end, but things are still there. ... I think Binance is great for creating a good ecosystem and implementing all the best and most trendy crypto trends in it, but they have no right to make such statements towards ETH fans. I believe that ETH owes much of its success to Binance and we need to be simpler. In general, I do not like this statement towards Ethereum and its community. |
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Should I sell out all ETH? Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
Everything will depend on the situation. For example, you mine to earn a living and in this case you need money all the time, in this case it does not matter what price the main thing is to sell ETH and get money for life. On the other hand, you just want to maximize the profit from mining ETH, then you better keep ETH from selling and wait until the price reaps the highest possible result. Of course, this is a risk, but this is the whole interest to get a double benefit, the first from mining, the second from the rise in the price of ETH. |
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there is a nation out there with a scarcity of job and people scavenging for what they can do to earn a living I won't list any country but the data is out there, My question is can crypto trading be an alternative? If there can be a proper training program and mentorship do you think a trader can make earning with crypto trading If you trade can you say this from experience or you will say no? Also if 0% commission on Otc trading with HBG.com they can also buy and sell that could be another way trading platform www.huobimena.com Huobi MENA is an official branch of Huobi global telegram: https://t.me/HBMENAHuobi MENAThe most trusted digital asset exchange in the MENA region!I believe that cryptocurrencies can give a certain number of people the opportunity to get a job. However, here you need to understand that this may be a temporary or non-permanent opportunity. Why is that? The fact is that the conditions in the crypto market are changing and if yesterday they were suitable for many, then tomorrow some people will not be able to work with crypto, or, on the contrary, positive changes can attract even more people. However, cryptocurrencies themselves will not be able to help in solving problems with unemployment, but they can try to solve this problem in part. |
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In world, there is hierarchy, that is why some people are rich, some are average, some are not that rich but still having good living some are poor, while the poor still look at some and still appreciate life because they are poorer. I am beginning to thinking laziness can be the result of some people not having good living, while some is purely due to ignorant an lack of knowledge and exposure, some even only lack information.
I am thinking with how people is, is there a way possible for everyone to live without being poor, though their can be hierarchy but in a way no one is poor? But I am thinking it is not possible. If anything happens today that the poor are richer and got richer than the rich people, the rich people will become poor too because life is not just balance.
Economically, can there be a way people can live and no one will be poor?
Probably such a system exists when every person in the world will not be poor and this may be when there is no money in the world and people will not do work for the sake of money. This is undoubtedly a utopia and such a system is not suitable for our time. Unfortunately, our generation thinks only in terms of money and this is not our fault, this system was simply imposed on us. So in our time in our world there will always be poor and we cannot get rid of this, at least in the near future. |
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I will keep this short, we all know how month of March do not favour bitcoin at all, bear market started ending of February and today is the last day of February, hope the market will not still go downside? I do fair the month of March because bitcoin and generally all cryptocurrencies do suffer in price declination during this time.
What you think this coming month (March) will bring?
Indeed, over all the years of BTC's existence, March was not a very successful month in terms of prices. However, this year 2021 we see a slightly different situation and there is a possibility that the month of March for the first time could become a month of growth in the price of BTC. Moreover, at the moment we have already experienced a correction and now the price of crypto and BTC have started to go up. In any case, we now need to be very careful, since the crypto market is not predictable and the market situation can change very often. |
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