There are many rumors circulating that Russia will use cryptocurrencies for gas and oil transactions, unfortunately there is no official information yet, so everything is still an assumption, transactions with very large amounts will certainly keep hackers busy so I believe that transactions with Rubble are more realistic compared to cryptocurrencies.
Indeed, the rumor has not been realized until now, but if you think about it logically if you are a Russian, of course you want payment using its currency, namely the ruble, because then the ruble currency can rise in value and break sanctions from America, because European countries need oil from Russia. , and as the host has a condition to give the oil |
|
|
|
In cryptocurrency market bitcoin is always best and far profitable in long term so we can't see many people especially here to disagree with that statement. Watch out the word I used which is long term like atleast a cycle as of now its four years so you can definitely make profits when you are ready to hold when prices are bleeding and people make you panic as well.
Many analysts believe that the 4 year cycle will repeat itself in 2022, if this happens again and bitcoin drops below $30k there will be more FUDs and create a bigger panic than before, I hope bitcoin price can still hold above $40 k so that we will be easy to run again. belief in a 4 year cycle if widely trusted by many traders and investors it will create strength, because most investors will lead to one transaction or trend. but I don't think we can fully expect it, because market habits sometimes change, on the other hand the current development of investors is different from 2017, therefore preparing them to invest in bitcoin I think is very important, given the high fluctuations |
|
|
|
Do people here put a ton of money staking stablecoins in sites like nexo, celsius, gemini etc?
Staking in my opinion is more promising than internest banks, and for almost a year I have been actively staking with several major coins such as BNB, MATIC, Stable coins and so on, and for stable coins I use for staking altcoins and from the list is Celsius, besides that I also use for staking new altcoins because it provides a large APR up to more than 100%. There is some downside of staking in comparison to banks. If it is an altcoin you are staking the price of your initial investment will also surge with the whole market. That means you could gain additional altcoin but its price in USD could fall below your initial investment. This won't happen with banks because of stable fiat currency. Also if you are providing liquidity then you should know about impermanent loss too. Staking does contain speculation as you have shown. So to do that, you have to understand the risks. if we can understand, then it is safe for us to stake on a trusted coin that is on the top board, even though when we get a staking coin the price drops, but one day it will come back again, it can even provide double profits. This is different from bank interest which is nominally small, and of course below the inflation that occurs |
|
|
|
In this regard, I would say that you can trade on exchanges like Binance. Trading fees are much lower. You can convert your assets into a stable coin by trading every day. Binance is very useful in this case. You can easily convert to USDT or BUSD to your assets. If you select others exchanges like it you can do.
Binance is one of the recommended exchanges for storing assets because of its good reputation and experience in terms of security. but for those with large capital, there is nothing wrong with moving the assets in a personal wallet after trading because we can't make sure an exchange as good as binance is safe from hackers. moving personal assets is better, because the profit we can collect in personal assets, by dividing the placement of assets like that, we indirectly minimize risk. as we know binance is not spared the hackers, but luckily they take full responsibility. For now, Binance is indeed the most favorite exchange, and it is feasible to trade there, especially for beginners with minimal experience, of course, the security of placing funds is the first choice. |
|
|
|
I know that lower margin and low leverage are also farther away from the liquidation price, so is it okay to set low margin and low leverage first to avoid losing if your strategy doesn't work, and then add if does the price follow your strategy? Is this also your strategy?
Actually it is better to have a start with this method if you're a beginner, firstly it help to cut loss and thereby reducing the extent at which you may loose your coins, but why some people choose this method probably is to participate on many Leverage positions within a day or short period of time, they are the the scalding and sometimes swing traders, but i think the best advice here is for you to discover your own best trading strategies. The method is usually helpful if you are a regular trader, like maybe if it is your full time job. That way you would be a trader anyway and you should be good at it, if you are not good at it then why are you doing it as a full time job. This results with a situation where you would be making a profit a bit bigger and would allow you to profit a lot more. This is how people approach leverage, it is a method where you know you should be right because it is your job and if you are right then why not make a bit more profit. Not everyone makes a profit, but that is the type of thinking they do before then join in. All others who do i,t do it because they have no idea. by using a small leverage in order to have a small risk too, then this seems to be an exercise. but we should not be tempted to immediately use large leverage, because if we succeed with small leverage in a row, it will come to mind to use large leverage in the hope of getting big profits soon. the wrong way for things like this, because they have not been able to control their own psychology. even though it is patience that must be maintained until we understand market habits work |
|
|
|
I wouldn't do that and I wouldn't even advise anybody to do that, Bitcoin has zero guarantee and your debtor might even run inpatient, It could also pay off for you. So it like placing your fund on bet, anything could happen, we no fortune tellers.😃😃
If you do have other sources of income which you could able to repay those debts then i dont see something for it to be wrong but it would be good that you do make yourself out from debt or loans and much better if you do make use your own savings or funds on making out investment and dont stress out yourself on paying up something because you have taken some loan earlier but there are instances or situations which cant be avoided for you to do so because not all the times we do really have that money to invest on thats why taking up some loan would be our last resort or chance. I think it all depends on the situation and condition of each individual. If by borrowing it doesn't cause a problem with our finances because we may have spare funds to pay it off if something bad happens, it might not be a problem. especially if the moment is right for that time, for example the price of bitcoin is experiencing a discount, with knowledge of crypto, then this cannot be called gambling. in contrast to us rushing to buy without good knowledge, and without good calculations too, then this includes gambling, where the risk is big. |
|
|
|
~
Well regardless, you would not want to let someone handle the safety of your coins. Maybe for the type of wallet, but not the exchange even DEX, the private key should be primarily be watched under your own supervision and not by any people. I am not an old user even if I was here since 2017, but I am pretty sure that is a common thought already. I recall back then when I thought my coins are purely safe inside Binance, but then I realized that exchanges are hackackable. right, Binance-class exchanges were not spared from hacks. and fortunately at that time binance was fully responsible for returning customer funds. actually using a private wallet with a private key is enough, as long as we know how to keep it safe. therefore many will be found from emails, about something that is not clear maybe with the lure of big prizes, we must know what to do so that security is maintained |
|
|
|
|
for me buying bitcoin is better, because I work and don't have enough time to take care of mining. on the other hand with mining we have to spend money to buy mining equipment and after that of course there will be maintenance and electricity bills that will soar, so that every month we have to take time for mining activities, in contrast to investment, after we buy it then we don't need to often look at charts, not a problem
|
|
|
|
|
actually we discussed with close friends, and I think that's enough. by talking to other people, that person will talk to others, and over time it will become a community and get bigger. after becoming big and this is done by many people around the world, then this will have an impact on the development of bitcoin, and finally the government will intervene, because this is an object of taxation and there must be regulations, and finally there is official news, will have a big impact
|
|
|
|
|
if we have knowledge about investing in cryptocurrencies, then price fluctuations will not cause panic. we can learn in 2018, where the news of fud was very successful in making investors sell their bitcoins, until the time came, bitcoin moved up to the current price, of course the most benefited were those who had knowledge of cryptocurrencies, especially if they had capital strength, and bought it for around $3500, of course by now it's already rich
|
|
|
|
most of the bounty projects now they are looking for reasons when their project is successful for example when their project is successful they make gradual distribution rules and they are when the distribution is in progress they take action not knowing the bounty hunters if we ask on telegram they release responsibility like the CITIZEN project .
citizen did not fulfill his promise to send tokens every month, around 65% of tokens were not distributed, but in the second distribution, the price was good, and was able to get results. After many people reported scams, until now the price of the coin has fallen and has replaced the smart contract. but nowadays many bounty managers apply escrow, even though the income is not much, but at least we get paid |
|
|
|
Hello Bitcointalkers,
The subject of the thread is pretty self-explanatory, I am wondering which tools would you recommend for spot trading in particular.
This can be a very varied question. One can have a just 2-3 basic indicators in his view and still can achieve great heights in trading and on the other hand someone might have like 10 indicators but is still losing all his trades, for me personally I feel keeping a MA band of around 3 MAs covering all the time frames and RSI along with a Momentum indicator liking MACD is enough for you, rest play is with pivot points, quantitative data and patterns. I can't imagine if these 10 indicators are used simultaneously, of course this will make us dizzy, because each indicator does not necessarily show the same signal, so maybe one indicator is time to buy, but other indicators have not appeared. therefore I agree with you, using 3 indicators may be enough to determine the direction of our transactions. sometimes indicators are not always correct in giving signals, therefore we must know how to anticipate |
|
|
|
|
sometimes everyone doesn't like using stop losses, because many of them don't want the stop loss to be picked up and the price to go up again. but there are some of them who use cutloss as a substitute, so they must often check the closing price that occurs, if the closing price has broken support then they immediately exit the market manually. I think to use it depends on our convenience, the important thing is that we know how to use it properly
|
|
|
|
What perspective are we going to accept here? Are we going with the analysis of the market going bear contineously or claims that the price will go bullish? Maybe we should just be neutral without being too optimistic or pessimistic.
Predicting Bitcoin's price is very tricky. This is so because its price is based off of several economic factors from supply and demand, to public sentiment, to the news cycle, and market events, scarcity, and more. As at November 2021, so many Bitcoin analysts predicted that in the price to be up to $100,000 in Q1 2022 but here we are in the Q2 and it's not even half the price predicted. For me, just being neutral is good for my peace of mind. However, it doesn't mean that I am pessimistic. analysis is just a prediction of the bitcoin market reaction, of course everyone may have a different basis of analysis, depending on their own point of view. even though technical analysis has been carried out properly, sometimes fundamentally or news that occurs can have a significant influence on price movements. therefore it is necessary to have a stop loss to regulate our loss level, and we streamline our thinking in trading after analyzing, namely profit or loss |
|
|
|
- Will you continue to invest even if it is only 10%-20% of your total monthly income?
- How do you achieve financial stability during this inflation?
I tried to give an answer about your question, but this is actually based on my perspective. - Of course if in fact we are completely safe to do so, especially if we really feel that it is financially good and not annoying. 10% of your total monthly income on a regular basis might be a good thing to consider, but getting to 50% is very difficult.
- Having an additional source of income, may be able to help financially. But to achieve financial stability it really depends on each of us. But if you have assets in your current portfolio, then keep them because it will help you in the long run (especially if the assets are potential).
for the first time don't expect inflation freedom, because of course we have to keep putting it aside every month, so that later it will grow and in the long term this will help us as long as we can still work. as a calculation if 10% then in 10 months we have saved 1 time salary, and in the next few years we have saved several times salary, and this will grow as our investment increases, until finally at least in the next 10 years we can buy wishes |
|
|
|
The higher the inflation rate, the faster cash depreciates, and investors seek defensive assets that are less susceptible to inflation. gold, real estate or cryptocurrencies are always interested by investors, investors always want to find a safe investment with high interest rates, I am more interested in trusting cryptocurrencies because Bitcoin is The coin is resistant to inflation, due to the limited supply of bitcoins and the ever-increasing demand.
The difference between gold, real estate and crypto is the fact that crypto could be more volatile than all of them and it is cheaper to get in. I am sure that you could buy a very small amount of gold if you want to invest into gold but you have to physically go and get it and store it in a safe place, which is all work that is not needed in the crypto world, buy some and store it digitally in a safe place all takes 1 minute. Real estate costs a lot so it is always bad. This means it leaves us with crypto and the good ones at that, with something like bitcoin you neither need money like real estate amount, nor you would have to wait as long as you would with a gold. among the three have their respective advantages and disadvantages, depending on which one we prefer to invest in, all three are places to fight inflation, there are also people who invest in these three assets, with the reason to be safer if bad things happen in one of the three assets. assets, so that they can support each other to provide higher returns. but indeed for now cryptocurrencies are popular, and provide many opportunities to get higher returns, because there are fewer users |
|
|
|
I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,
everyone is aware that bitcoin is general overseas of cryptocurrencies. But some of us don't know that altcoins make bitcoin relevant and also bring many investors to market, because bitcoin is already existing before other discoveries of altcoins. For me i may not like to invest in bitcoins again because the profit can not use to compare to the profit new coins will give me if i invest, to summarize it all. Every one values altcoins instead of bitcoin and if you watch carefully you will see that many of the altcoins is having same credit of bitcoin indeed the most important thing is because bitcoin is the oldest coin, therefore it seems that it has got a brand, so that in its development it has gained great trust from investors. and that trust is what makes investors seem to unite their thoughts to invest in bitcoin, so that other altcoins seem to follow the movement of bitcoin because of the influence of the thoughts of each investor. |
|
|
|
To be honest, for me, Elon Musk is one of the indicators of bitcoin. If he keeps it and does not sell, then the best time is ahead.
he is the best indicator of price rise for dogecoin, it is unbelievable that he just makes some twitter about dogecoin, it doesn't take many minutes for the price of dogecoin to increase a lot, days ago he said something on twitter and the price of dogecoin went up a lot , but he can no longer have influence on bitcoin, even if he does a lot of twitter the price of bitcoin doesn't move. in my opinion this can be a good thing for bitcoin, because it stays away from manipulations Will Elon Musk's statement have a big impact on Bitcoin? I don't think so. maybe he said this according to the current situation, for example, if the price really dropped again, then he would gain prestige as an influential person. but for meme coins, I admit that he has a great influence, because of the market capitalization he can still move with his money, this is different from bitcoin, and bitcoin investors are mostly mature |
|
|
|
i want to sell my property for bitcoin..
is there anyone here who buys property with bitcoin??
Don't know anyone here on the forum dealing in real estate business with bitcoin and will you find any buyer for your house.But what's the fiat structure you have fixed for your house like its $100k worth of Bitcoins or simply in bitcoins like 10-15 btc? There are some people who have bought house worth millions in bitcoin you might have heard in crypto news but don't know them personally.You can have your own advertisement over the net and contact some local dealers about this deal. but is the country where the property is located in a country that has legalized bitcoin? if not, then is this not a problem, although payments can be manipulated with fiat, but it is advertising that will let people know about it, and if the relevant agencies find out, of course we will face the law. indeed in that way we can save on gas costs of course, but if that method is prohibited, of course we must use legal methods, if I say this in my country |
|
|
|
These are few challenges faced when I newly got into trading, which I think I should share so people who are new traders should know.
[2]. Always be patient with your trading set ups:
Sometime it takes you up to a week or more for a trading set ups to get complete before executing a trade.
Secondly, sometimes it's good to wait for your stop lose and take profits to get triggered and don't close them yourself out of fear.
This point most important on trading bitcoin or altcoin, some time have trader not patient waiting with price drastically drop for buy back several altcoin, they not really understand with risk when keep buy altcoin on higher price actually after reaching all time high price. Last week my friend not patient waiting with Zil coin price drop to buy and keep try buy on higher price about $0.2 and now price drastically drop until $0.1 and almost loss 50% and keep holding until now. basically psychology becomes the most important in determining trading success. there will be many problems that will be faced or a problem that we repeat ourselves because we often make the same mistakes. that is why our mindset and our mentality are of utmost importance, because even with great strategies that may be the same as those used by famous people, but if our mentality is still problematic then it will be useless. therefore creating a framework and running it according to plan is the first step to forming trading intuition |
|
|
|
|
Show Posts
