Need one year to recovery for economic crisis after corona virus end, many countries get negative impact after their country faces with corona virus, they have begin again how to recovery and make many people stronger to faced bad moment again with corona virus.
I don't a year could solve the economic crisis that we are having, the world have experiencing this crisis as early as 2019 economists already said we are actually experiencing an economic crisis, a year could have been enough for us to recover but at the end of the year is also a start of another struggle for the world, the pandemic, as we are all locked up thinking that a year could really be enough for this is a shallow thing to predict though. I'm expecting the recovery for more than a year, probably 2 to 5 years.
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Only hard fact is that OP is mentally unstable person who has occasional needs to come to the forum from time to time and try to write some wisdom. Only the ignorant and fools lived in the belief that halving would change something in the short term, and OP is quite obvious in both categories.
I've already bump this guy @hard facts, and I might agree on you saying he's mentally unstable. My impression on him is that he is a nerd guy who is obsessed to seek an attention from anyone that he is ready to voice it out even a lie. I've seen him contradicting each and everyone here in the forum, can't we report him for any reason? Halving went quite normally for me, just like the one 4 years ago - and I don’t expect it to have any effects on the price this year - not only the price is the most important to everyone, because some were on this forum when BTC was worth only a few $, or a few hundred $.
Actually it did! This is what I'm telling to some people in here, historically we can see that halving is bringing a good run on the price of bitcoin however the things now are very different compare to the past halving that occurred 8 years ago so don't expect to much from it because the price of it is already high.
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I don't believe millioners like Elon Musk only hold 0.25 BTC. He made the confession on Twitter so it would not be the target of hackers. Imagine if for example Elon Musk said to hold 100 BTC, hackers from all over the world would target Elon Musk's crypto wallets.
We can't really tell if he is saying true about his holdings, maybe you're right he said that so he can be walking above hackers free from hacking not a target at all but who would believe that this person who innovates stuff don't have much bitcoin to hold? I think he's playing with all of us guys. Actually I do not care about the statement of the number of bitcoins owned by Elon Musk, the statement would be right or wrong. Because it does not provide benefits for me, I better focus on my own investment and trading.
Totally right, anyone's money does not have any thing to do with any one of us so why care about them? Much better if we make them as our inspiration especially Elon Musk is known for his doings.
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People need to realize that what happened in 2017 was a bubble. Back then alts such as Ethereum gave more than 100x returns (when compared to 22x for Bitcoin). Then there were coins such as Cardano and TRX, which gave almost 1,000x returns. A lot of people are still investing in altcoins, thinking that they will also get similar sort of returns. They need to understand that investment bubbles occur only once and they are unlikely to repeat.
If that was a bubble then why the price of bitcoin is still high? Ethereum sits on the second because it is used for dapps, no wonder why it gave such a huge returns on its investor. But neither the Cardano or TRON gave a 1000x returns, where do you get this information? You should research first before spitting that stuff out coz we have bunch of new comer here man. Moreover, we can't blame people for trusting some altcoins, perhaps they have seen a potential to that coin that's why they are investing on it right now.
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It's good that there are many DEXs today despite the fact not everyone uses them because of volume, but at least it is a proof that decentralization can still exist even in the world of crypto exchanges; although not all DEX are completely decentralized. Nevertheless, I think the only limiting factor of DEX is volume and once worked on and in addition with its good security, it will build a good and healthy competition with centralized exchanges.
The reason why Decentralized exchanges do have high volumes because of random trade, you see if you are just looking for a one stop shop to sell your bitcoin you won't need to undergo the KYC process, that's what the dex are giving us, the convenient way of trading. I can say, centralized exchanges are just for wealthy people who needs to be extra careful and secure with their funds you can randomly use a cex but it has a limit after all. But now? centralized are getting more power than decentralized exchanges.
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Fiat to bitcoin and vice versa is the main one to restructure it, no matter how many portfolios they have at least everything will be converted to bitcoin whether it will be sold or just to hold and to buy other different coins in the future. Well, any choice will not be a problem as long as you are aware of well-planned management so in the end we have the opportunity to get the expected benefits.
I think there are less people are trying to convert their bitcoin into their local currency because that will need a lot of work plus a ton of fees, what most people are doing now is they are just converting it to stablecoin mainly tether so they can just go in and out of the market if needed. I don't think there will be a person to a local currency to bitcoin, vice versa, process of conversion just to say that he is trying to be safe in a volatile market, that's a very foolish thing to do.
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Thank you all for your great advice here. I have a lot to learn about trading and what to do to start making profit but I think it will be fun to educate myself on these topics. Hope to be able to come back on here to talk about my success in the future. Before starting trading, keep learning and use demo trades for some time. Learn some strategy and then make out the plan as how much amount you will invest, trade etc. Also diversify you trades in different coins rather than just be concentrating on one coin. What I like with exchanges right now is that they are acquiring the demo trading feature on their platform, not for us that is already familiar of the market though but for those who want to test drive the cryptocurrency trading. Way back then, there are only several trading platforms that has demo trade feature that is maybe why lot of people tend to lose when they first enter the market without practice. Diversify the trade? what do you mean by this, I only know diversification of assets, it sounds like really risky for me.
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Thousands of BOT traded in this market, but not all BOTs are profitable for you because this market is often unpredictable, and you will face many risks when used. You should analyze and choose the trading your way to ensure a profit and not rely on BOT. Of course, this is just my mind and whether each person has a choice.
It is not with the trading bots though, keep in mind that what bots are trying to execute is a command from the user, so basically they are acting like the trader's extension hand so if it is profitable or not it will vary on the trader's settings. I've been thinking lately to use bots coz I'm very busy apparently the virus just become a pandemic and here I am been locked in my house for 2 months now, don't need any bots to trade. And to be honest trading manually is better than using bot imo.
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https://news.bitcoin.com/bitcoin-hashrate-second-largest-difficulty-drop/Hashrate down 45% according to that article and the second-largest drop since 2011. This will be probably signifies something and I think this is also a reason why withdrawal fees are so high. This dropping will be considered as a big factor that could affect the miner's revenue. If there is another way to hold miners leaving their position, I think this could be helpful. Yeah, no wonder why my pocket feels so heavy with the transaction fees I got too excited to withdraw some of my funds without calculating the fees, embarrassing. This is a common event after the halving though hash rate is always declining because some miners are disconnecting to mining bitcoin while others are connecting to other alternative coin mining. You can also see the hash rates of some other coins that is increasing, possibly due to switching of some miners.
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Cliche indeed.
We always speculate on the price bitcoin,, I know you asked this because of the halving that took place few days ago and it seems like the event hasn't affected or hasn't affected yet. But think of this, if we are all scared of investing on bitcoin who would start the run? I see we are all asking what is the best price to invest or buy bitcoin so we wait which is meaning less. NO need to predict for the bitcoin, a pump will come to it and that is definite.
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I think so, these coins are just a product of forks after forks and I don't think they are here to replace the bitcoin on top of the market coz it is the people who will decide who will be on the topmost since it is running decentralized. If someone thinks that a bitcoin fork, let's say bitcoin SV that is also a fork of bitcoin would take the bitcoin's place that is a fool, it is not some kind of monarchy. What will only change to bitcoin is the price.
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I don't see the rank of the coinbase is number I better to change it to binance and that is my best trading platforms and I think most of the traders will agree on that. Im still like coinbase and I don't have any complaun about their sevrvice but Binance is more better than coinbase and all the trading platforms right now lf all the crypto exchanges.
as popular and highly rated coinbase is, I have not really traded on it. I am a binance kinda guy. The interface, cheap and convenient services makes it a go to exchange for me. Followed closely by kucoin You old on this forum, I'm just curious how come did you not traded on Coinbase, I mean coinbase is one of the reputable exchanges out there ever since and then the binance just came along its way. Coz me, I'm both fan of coinbase and binance I'm trading on these platform often but if there is one thing that coinbase has that binance is without, that is a fiat currency deposit which is just make the coinbase on its level although binance is more popular than coinbase imo.
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~snip~
I think that at the moment there is no clear structure if the market can stabilize The market's structure is uncertain just like any other coin it may collapse in any moment, stabilization might just come to not less than 5% of coins in the market. or in some kind of trend, although we are in a pandemic where panic is the order of the day, and at the same time we have the effect of Bitcoin's Halving. , and although the correlation with speculative markets is low, Bitcoin has a life of its own, which means that altcoins want or do not depend and will always depend on Bitcoin.
Speculation for the bitcoin halving is debunked, we have seen a lot of people calling themselves "technical analysts" of bitcoin failed to predict on what will happen before the halving and after although we haven't see the effect of it yet but as of now there is nothing on the price that I can tell from halving's impact. Just try to notice how many altcoins are pumping and doubling their price as we are all not looking to them.
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Tech now is evolving rapidly especially on smartphones, I just bought my phone last year and now it is 4 unit model behind with faster chip set at the almost same price. I'm using a phone and pc to trade, I'm sick of laptops coz I had 2 of them and broke it in the same way lol. Imma say android with snapdragon chip is good enough in trading, platforms do not require that too much system requirement. I think it is enough to have the Iphone 7 plus has a 5.5 screen size which I found small compare to android devices that already break the 6 inches level of screen sizes, but still the iphone 7 has a great chip set inside it. If you are looking for an upgrade try to see the nubia redmagic, a gaming phone with liquid cooling. If it's for gaming, then trading should be just a normal task to that phone.
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I guess what the small miners are doing right now is they are on testing phase with the new blocks if it is still going to be profitable at their end or not, or they should upgrade their instruments to mine. What's best for them is to switch to altcoins, only if they don't want to profit less with bitcoin since they have their equipment, aside there are less miners on altcoin side compare to bitcoin that has been the home for bigger mining groups. If their expenses exceeds from their profit, then it's up for them to decide whether to upgrade or to move out.
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Those who argument against bitcoin as regard its intrinsic value are obviously wrong and will have to answer same question for other asset class. It cost money to make bitcoin, in a way the electricity used to generate it can be quantified. More importantly, it has value because it creates a system that works
I'm partially agree on this, yes bitcoin was created using electricity maybe that counts as a intrinsic property that might define that bitcoin has a intrinsic value, however unlike any other asset like land, gold, diamond their intrinsic value is determined from sizes, metal property, and economic costs. In plain picture, bitcoin has a value because we are putting value in it (money) we are storing a value in it.
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Binance for both futures and altcoin trading, and for Fiat selling, localbitcoins, wazirx and paxful are 3 best options available for you to choose from. As of now, even Binance allows us to conduct P2P trades there which can be somehow profitable for those traders who can hodl for some extra time and in no urgent need of cash.
Yeah I stan on binance when it comes to futures trading, I find it very peculiar since this is the first time that I saw a 125x leverage on a futures trading, it's like x 12.5 to your profit and what I do love about their trading platform is that they are concern on every customer, I am receiving a warning through email and phone number whenever my margin exceeds to 80%. I often use binance because of the trading volume and liquidity, most of the time I switch with just two exchanges, binance and coinbase.
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If we really care so much for our future, we have to invest more in Gold rather than of Bitcoin or any crypto. Crypto investment is not really a safe haven, unlike Gold. Pertaining to such difference when we come into assurance, I don't think that Bitcoin will defeat Gold. It was the price that Bitcoin makes its name but seeing Gold, it is called wealthy.
Yeah I think, what we are doing right now is a very risky by relying our financial future to cryptocurrency which acts like a bungee rope and we do not know when the rope is going to snapped. We have been talking about gold and bitcoin for ages, before the bitcoin comes in there was gold that is valued through its metal composition and define its intrinsic value. Bitcoin on the other hand is thick bubble. But since Bitcoin has a great market value today, we should also have to take this opportunity.
What we have now is an opportunity, yes, because bitcoin is volatile and we can make profit out of it.
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It's funny, because jpm Once mention bitcoin as a scam, they find out nothing but people's madness.
Yeah, too ironic right? I still remember when he dropped the word "fraud" against bitcoin after it crashed months after it reaches its all time high. Adding that bitcoin won't end well, now look and see what these people are talking years ago with bitcoin, they are now into it. Anyways I'm glad that they already shaken their heads and decided to extend their services covering the cryptocurrencies, they basically needed what they hated right now.
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Even the halving already happened there is still no high movement but maybe it takes few weeks before it's rise again the value. Im excited of the halving because it's reminds this what happened in the 2017 when after halving cryptocurrency is become very and I earned more profit and I hope it will happened again my earnings in the year of 2017 in this year.
Maybe not either, we have talked about halving a lot so I think we are all just sitting and waiting for a good run on the price but we did not see it coming so we are waiting up til now. I guess what happened on the price when it reaches $10K is that people who bought in between $5K to $6K range just secured their profit since we already anticipated that there will be a massive bull run after the halving. I don't want to assume that halving do not really affects the bitcoin price and we are just all focusing on it.
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