|
It depends on one's personal strategy if he would sell or hold his bitcoins during COVID-19 because bitcoin's price is still unstable and it remains unpredictable due to its volatility; that is why it would be hard for someone to decide if he would sell his bitcoin while bitcoin is down again. But if you have nothing to use with your holdings, such as necessities, it would be better to hold your bitcoins for a while and only sell it if you needed money for necessities.
|
|
|
|
another good news show up from a big company after paypal
good news will create new demands and i believe, this news will push the price of cryptocurrency in the near time
Many big companies are totally accepting bitcoin and other cryptocurrencies as payment soon since PayPal accepts crypto in its network; that is why mass adoption has truly happened this year of 2020. Many people have adopted cryptocurrency because of its purpose that has become the best alternative payment method due to its convenience and security as a valuable virtual currency. |
|
|
|
I think bounty hunters are not the problem at all, there is no way that people could put the blames of bounties having trouble into bounty hunters because they are doing what they suppose to do. It is obvious that bounties are managed horribly and many projects are scams just to promise a token that will not even come out or will worth nearly zero while collecting as many funding as possible to use that for personal stuff.
The fact that this many airdrops and bounties failed shows that if it was the hunters that caused this trouble, it would have been just a thing where management of these bounties would vet a lot more carefully on who joins and that would be the end of it, but they are not doing that which means it is not the hunters, it is the management that fails.
Indeed. Bounty hunters are not the problem here because they are not the ones who managed the project horribly, ending up unsuccessful and wasting most investors' money, turning it into dust. But bounty hunters should be definitely more careful because even if they are not investing any money, they are still using their precious time and effort on a scam and unsuccessful. Instead, they should be doing other things that will benefit them. |
|
|
|
|
It depends on what wallet you want to use because if you want to use a mobile wallet, I would like to recommend Electrum and Blockchain wallet. After all, these wallets are safe and secured when storing your bitcoins and other cryptocurrencies. But if you have a considerable amount of funds, it would be better to store it in a hardware wallet such as Ledger and Trezor because it could definitely prevent any online unauthorized access.
|
|
|
|
|
My most unforgettable experience in trading is when I was a beginner that I didn't know what to do and how I would gain profit in trading; that is why I always follow my friend, who is also a crypto trader, whenever he buys and sells cryptocurrencies that I also follow the same amount he trades. Lucky for us, we always make a successful trade, but I still didn't learn anything, LOL. It is why I started to let him teach me back then and explain to me everything how we could gain profit.
|
|
|
|
It's becoming popular, so obviously, scammers are going to take advantage of it. And then we have the cyber criminals as well, looking for weak points and vulnerabilities. And we have seen many investors lost their money in this Defi craze.
So once the hype is gone or at least a new services or platform emerge in the future, then Defi will have it's day but with risk associated with it so every should still be cautious.
Indeed. DeFi is continuously becoming more popular and hype. Unfortunately, scammers will always take advantage of everything in the crypto space that is on-trend because here, they can easily steal money from investors. But I think only a few investors got deceived by these scammers because they learned their lessons from the last ICO hype in 2017 that most investors are now becoming more cautious during the DeFi hype. |
|
|
|
|
Bitcoin doesn't aim to replace fiat currency because it would be possible since bitcoin is a decentralized structure and fiat is supported by the government. So I think bitcoin had already achieved its goal of being a new payment system as a digital currency that bitcoin has become the new money on the internet and other cryptocurrencies, and we are only waiting for everyone to used bitcoin worldwide to fully achieved its goal.
|
|
|
|
Cryptocurrency isn't defined to be used by a specific class of people. This is purely people's money, and based on one's ability one can buy or invest. The profiting happens accordingly. In simple cryptocurrency has made lot many rich people. With its growth and increased price it looks like rich people only can benefit and make use of it. This is a wrong assumption, users who has the ability to observe the market and make closer prediction surely one can make big money out of small investment.
Cryptocurrency is something that is not for any particular person. Anyone can use it. Anyone who has an idea about cryptocurrency or experience working with cryptocurrency can make a lot of money by using that experience. He will make a lot of profit in a very short time by investing very little money using that experience. Cryptocurrency is now lost. In the future, people will be attracted to more cryptocurrencies. Profit will make cryptocurrency more popular with people in all countries Since cryptocurrency is a decentralized structure in which no central authorities and no government can control them, anyone can definitely use cryptocurrency in their daily lives. But I don't think you can make a considerable amount of profit by investing a small amount of profit in a short time in cryptocurrency because making a profit in crypto takes a lot of effort and time; someone can't always make a lot of profit in their daily trades. |
|
|
|
This is such a great summary. These are most of the things I experience throughout my first 2 years in crypto. It's a great share for anyone willing to start, just for them to avoid the usual bad scenario, but there's always a catch for the innovation, new ideas come, as well the scams/fraud trying to catch-up.
Just do the research first, or experience it first hand and get the lessons learned.
Experience is the best teacher to really avoid it, once we got scam hopefully not a huge amount we will be able to really dig in researching where to put our money but it's nice if we can avoid it as early as possible and listen to the people who already experience it, so the money that will be invested will really be able to gain profit if research is really done. We do learn from our experiences and mistakes, but the best thing to do is we should learn from others mistakes that we usually read in this forum. So when we encounter the same situation we already know what to do and what not to do because scam and other illegal activities is everywhere in the crypto and blockchain space. |
|
|
|
Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?
What country are you in? I think it would be dangerous if you would still try to buy bitcoin and other cryptocurrencies in your country because, as you said that the authorities are being involved, and the police will catch those who buy bitcoin. So I think even you use a VPN, how would you convert your bitcoin into fiat and vice versa because banks will definitely know all of your transactions. |
|
|
|
To be honest this is the first time I have known his name even I'm always using a social media. Everyone can express their opinion about bitcoin so let him be. Without others shilling post about crypto imo bitcoin pump and gains massive adoptions. So when he makes noise about bitcoin it could entice people to be involved and can gains interest to what bitcoin can offer to people.
Many more will express their opinion about bitcoin, especially for people who don't like bitcoin. They will say bad about bitcoin, but on another side, many people still believe pump and waiting for the mass adoption that is still going on. We don't have to listen to people who say bad about bitcoin because we believe that bitcoin will reach more people out there because they will see that bitcoin can help them make money. Indeed. There will always be people who will express their opinion about bitcoin and other cryptocurrencies, whether good or bad. Still, some new people will engage and invest their money in cryptocurrencies; that is why it doesn't matter who will shill post about crypto because bitcoin will continue to increase its price long term due to mass adoption. |
|
|
|
Government runs on taxes on people and business entities that also provide contributions that serves as a collective funds for the development of the road and highways, building public schools, hospitals and any government facilities that will give free services to people and it's also needed for calamity funds if any disasters happened in the country. So, I don't think we can have a taxless society because it is necessities and really important on how government can govern the people's needs.
Indeed. There is no way for the government to approve or let a taxless society be implemented because without taxes, there will be no free education, free medication in public establishments, and to provide goods and services for the citizens' benefit in a country. Even there are issues about governments stealing from taxes; taxes are still important for every person's daily needs that it is impossible for everyone to live without it. |
|
|
|
|
I positively think that no altcoin could replace bitcoin, not even ETH or XRP, because altcoins will remain an alternative digital currency for bitcoin until the end of its existence. Bitcoin has dominated the crypto market since the day it was created, or for over a decade; that is why there are no signs or possible reasons for altcoins can replace bitcoin from its dominance.
|
|
|
|
this is good news, more and more merchants are accepting payments via Bitcoin...
but it is very unfortunate that in my country this cannot be done because my country's finance minister prohibits all types of payments in cryptocurrency, our country government sees Bitcoin as just an 'asset', if there is a trader who accepts payments in Bitcoin then that person's business will be closed.
Everything just takes time, because the legality of crypto regulations is still minimal, so it takes time to actually be able to give every country an opportunity that bitcoin is very potential as an alternative payment transaction. It does take time for bitcoin to be accepted globally because the government in other countries does not approve the usage of bitcoin and other cryptocurrencies due to its decentralization. But Venezuela is currently legalizing and accepting bitcoin in their country; that is why Pizza hut in Venezuela is now accepting cryptocurrencies as a payment method that eventually every store in Venezuela will accept cryptocurrencies like Bitcoin. |
|
|
|
|
The first intention of newbies or newcomers nowadays was to gain a source of income and participate in bounty hunting and airdrops because old members invited them to this forum. To be honest, my first intention in this forum was to read and know where should I invest my spare money, then eventually, I learned that you could earn cryptocurrencies without any investment like bounty hunting and free airdrops. We can't deny that most of us here became more active in this forum because we want to earn cryptocurrencies. However, I still wanted to learn more about cryptocurrencies and blockchain technologies in this forum because high-rank members are very informative about their tips and strategies for investing and trading.
|
|
|
|
There are many people who still don't know about bitcoin or other cryptocurrencies. I don't know about others I am talking about my country and about my society. Whenever I ask from people about or talk about the Bitcoin. They ask what is this?
How much there is who face this problem?
Even bitcoin, blockchain technology, and cryptocurrency has already been recognized globally, it doesn't mean a lot of people knows about it because not all people are into investment. We can also compare it in famous hollywood actor and actresses that it doesn't mean they have been appearing in the movies, people already know about them. But don't you worry bitcoin is continuously increasing it's users day by day because of mass adoption that in the near future bitcoin's price will be tremendously more valuable than ever. |
|
|
|
A friend told me few weeks ago to keep my assets in exchange because if the exchange got hacked or my assets are misplaced, the exchange will bear the lose and refund my assets. Just yesterday, someone told me it's a lie that most exchange will go bankrupt if that should happen. I'm really confused right now. More experienced members should please enlighten me.
From my perspective, if you are doing a day trading or you trade regularly it's better if you keep your assets in an exchange for you to avoid spending expensive fees. But if you are only hodling your cryptocurrencies, it would be better if you store your assets in your wallet because many people says it is not safe to store you cryptos in an exchange even you used a 2FA. I think exchanges will not shoulder the lose and will refund your assets if you got hacked because it still depends on the situation that they will investigate it, and it might be fault why your funds got stolen. |
|
|
|
investing in stable coins is less profitable. Because we just can't make a big profit. This stable coin is more suitable for exchange so that it is easier to convert into other coins or into USD. So if Facebook issues stable coins, then I think there will be fewer investors.
Stable coins are not meant to be invested in, they are just there for controlling your asset to a pegged and fixed amount in physical USD value of it on the exchange when you might have converted all your volatile coins to them. So, investment in stable coins can be overruled for profit. Indeed. Stable coins are not meant for investment because you won't get any profit from it. Stable coins are only good as a safe haven asset when we are experiencing a bear market to limit our losses. That is why a lot of people and investors hates Facebook's Libra coin because it is a stable coin and it is centralized. |
|
|
|
After the reception of crypto in PayPal's foundation, other Payment processors begin trusting it, I'm happy that Visa and MasterCard are of them. It's uplifting news for us all since its effect on bitcoin's market and it will consistently stay positive. I accept that bitcoin will be acknowledged worldwide in the next couple of years. All we need to do make a major trust in bitcoin and continue contributing to it
Indeed. Ever since PayPal started to accept bitcoin and other cryptocurrencies on its network. Huge companies and Visa have also become interested in cryptocurrency because they saw crypto's efficiency in transferring money; even its network is decentralized. It is why bitcoin is continuously raising its price because mass adoption is truly happening. |
|
|
|
|
I think there is no such thing a time requirement on what day or time you should invest your money in bitcoin and other cryptocurrencies because it depends on your decision if you will have a bad or good timing of investing your money. But for me, I think it's not good time for someone to buy more bitcoin because they can simply lose more than 25% of their profit when bitcoin suddenly crashes it's price again, just like what happened last year 2017.
|
|
|
|
|
Show Posts
