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Your analysis is not correct. You are advising not to spend bitcoin until its widely accepted like USD. Bitcoin acceptability is here already that is why we can sell it and get fiat or crypto in return. Spending bitcoin will make it more popular and speed up it mass adoption.
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crimes involving cryptocurrency are one of the major reason for delay in mass adoption of cryptocurrency. Imagine educating someone on crypto, and later the person get robbed, either by sending asset to wrong address, hackers or investing in crypto startup's that are dubious. It will eventually make such person frown at crypto.
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Such statements is normal when it come to sudden decline of investment expectations, shortly after investing. The profitable in bitcoin investment is in HODL and trading. Then you will be rest assured of gain if you are knowledgeable about the ethics.
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It depends on the type of coin said HODLers. Though trading is the most interesting part of the crypto business. It helps you understand the volatility of cryptocurrency and also educate you on what to do in the deep. This is why traders are risk-takers, but in the risk, a lot is learned which is transmitted to the entire crypto space for review and enlightenment. No matter the downtime, crypto still have many goodies to offer
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I look forward to the days when I believed so much in the massive growth of EThereum. The days when I HOLD Ethereum from 15 USD/token to 100USD/token. Ethereum ecosystem deserves a professional review and non-monopolization of the ideology by the visioneer. This crypto-asset still have a good space for growth far beyond 1000 USD/Eth. And with consistency and efficient development, it will get to it proposed destination
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Trading crypto on your own, with no employees and no storefront, is categorized as a real business. Because the primary aim of every crypto trader is to make a profit. Business is a commercial or industrial enterprise and the people who constitute it, with the sole aim of transacting for profit of all parties. But the priority of individuals to make a gain. Therefore, trading is considered a business
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Fiat cannot be eliminated because the entire world populace is not educated. There are lots of places where it will be difficult to transact without fiat. The traditional system of the financial transaction cannot be eliminated. This is the system my grandparents believe on, and it is easier for dem to transact without fear, fraud is highly reduced and trust is strongly initiated.
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This could be the main reason why Blockchain technology (crypto) is undergoing some serious setback. Because the funds that are generated by intermediaries (banks) for regulators would no longer be achieved. Nations are working tirelessly to destabilize blockchain technology, especially crypto in order to maintain the traditional financial movement system. And with the seriousness of fraud attached to this stage of blockchain, it will be difficult to allow it take it full course.
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of course yes. Bitcoin has always broken every resistance, despite we still hoping for mass adoption. Bitcoin has proven to be the most reliable coin for long term investment. I still believe that it has come to stay, but it needs strong regulation to manage the irregularities that are attached to its development. Bitcoin has what it takes to withstand the turbulence, and it is still the hope and leader of all crypto.
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Due to the nature of Bitcoin, it will be difficult for it to have a stable price. I am used to the fluctuation in price, i have sympathy for Alts especially the ones that grow with the help of Bitcoin. Everyone should be careful with trading signal groups and individuals who make you HODL Bitcoin. The joy of crypto is in trading. Trade with it and avoid high turn out in profit.
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Bitcoin adoption is in process. The digital asset should be properly checked because we can out of greed be pushing for mass adoption while the poor masses suffer. Accepting a currency that is too volatile requires a lineal measure. Other Crypto assets should be backed in other for the market to be competitive. Just as we have in fiat (USD, EURO, Pounds etc). One particular currency shouldn't be dominant less we have an 'enslaved financial flow system'.
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Bitcoin is volatile, therefore don't bank on it without considering its volatility. The fluctuation in the price of commodities in the market is the joy of trading. This is the best moment for certain investors. Trade with caution and don't be selfish in the profit when it falls in your favor. The prize of bitcoin will drop the more to enable more investors to dive in while others abandon the market.
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There are crisis that are inevitable. But most importantly is your preparation that will help you to sustain in such a challenging time. If it happens, we will survive it in as much as there is money, land, and food to eat. The world is already going through a tough time and we seem to be ignorant of it. The greed of man to be ignorant of the threat on our environment will pave way for the worst crisis that humanity would face
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The traditional norms made us believe that savings are a safe option to store your wealth.
But is it true now?
With inflation, we all know that the prices of the wealth we have kept in our savings account will decrease. What is the use of saving when ultimately we are not even able to enjoy what we have been saving for years?
The smarter option?
Investment! Investment is not gambling if done rightly. Very often we see people not putting too much effort into learning and jumping into FOMO. They don’t have enough guidance that will help them to invest better.
I will say that we should Invest and Save, because inflation reduces the worth of Savings while Investing nullify the harm that inflation brings. Savings are your rescuer in time of adversity, therefore Saving and Investing should walk side by side to maintain a sustainable financial lifestyle. |
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Altcoin season could be predefined by the visibility of Alts which are ready to move the interest of investors and traders. Though some person might still doubt the growth or stability of Alts prices, but I feel that this is the beginning of the season. It will gradually materialize
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Your take is correct, but patience is a moral excellence which is not found in most traders. Patience is most required in HODLing and not in trading, as the primary interest of traders is in getting quick profit even in dangerous situations. What make trading interesting is the movement of the market, though traders should risk all to get crumbs
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I rarely promote coin, but I have found an interesting project that you can invest in this period. It's called "HiveNet". Check the signature that I wear for more details. You are free to make more enquiry about it.
What guarantee are you assuring him that this project will not fall or move to a shit coin like every other ICO which many investors has wasted money on? Did you actually invest in this project aside wearing the signature campaign? Anyway, OP, I believe the choice is yours. It just so hard to trust other altcoins now, I still think your best option is Bitcoin. Even in a hard time, success still emerges. I made a recommendation on we reading up the whitepaper and as well make a diligent search on the prospect of the project. I read the whitepaper and found it interesting to work with. We cant invest in bitcoin and few top Altcoins alone without considering other upcoming digital assets. ''HiveNet'' is about Distributed Cloud Computing. The ideology will strive in it contest |
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