I know it's not only mine but story of most of us who didn't invest into bitcoin once it crossed $20k mark assuming it would go through correction phase but it has gained almost 100% more since that time and I am not sure if it's worth risking to invest into bitcoin when it's nearing $40k?
Please share your opinion without any generic response like "there is no good or bad time to invest into bitcoin".
When the value of bitcoin went over $20,000 USD, you didn't invest because you thought it might crash soon or right away. Now you are regretting. The price is at around $39,000 USD, you think it might crash, so you are hesitating to invest. When it doesn't crash, you will start regretting once again. No one knows if the price is going to crash or not. It is useless asking people if "YOU" should invest or not because they no nothing about you. You know yourself better. You know your financial condition. Thus, its you who can make the ultimate decision. If you are willing to hold for long term (like 2/3 years) then go ahead invest. If you are willing to make some quick profit, then I would say no if you can't afford the loss. |
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I doubt XRP owners are going to pay people over here to shill for XRP. Would make no sense at all since shillings doesn't help people achieve much as they can easily be identified and pointed out. People are talking about XRP because of the current lawsuit that is going on. Trending topics are always seen to be discussed over here. Discussing about it doesn't mean people are shilling for it.
But, I did hear Ripple was paying exchanges to host giveaways or contests for trading XRP in their platforms.
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-snip-
Trade too much - You don't have to enter a trade everyday even if you're a day trader.
Trade too big - Don't use more than 6% of your capital when trading. Ensure your liquidity is low
Trade randomly - Don't trade every coin. Be smart, choose coins you're comfortable with. Don't gamble, always have a plan and follow through on it.
Trade based on your emotions - Trading is about 90% psychology. Guard your mind and your heart so you can properly apply your trading plan.
Trade based on predictions - Don't trade based on financial advice from someone on telegram or any of the social media platforms. Do your own research.
No stop loss: This happened to me once. I lost a chunk of my capital. Stop loss was created for a purpose use it for every one of your trade.
Cut winners fast: Don't be greedy!! Collect your profits.
Let losing trades run: This would kill you, if a trader is going bad I think it's better to close the position at your stop limit rather than letting it run in hopes it may come back to our favor.
1. I doubt there is anything known as "too much trading". What does this even mean? Every day is an opportunity to make profit. Or do you have some reason/explanation to it? 2. 6%? How did you come up with this number? Once again, back up your claims with facts like how is 6% going to ensure "your liquidity is low". 3. No matter how much you say "follow your plan", it just won't work. The market is unpredictable. 4. Easy to say, but to suppress your emotions. If someone loses thousands of dollars, it is going to get them real hard. |
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Curious, why do you want to buy coins with low market cap? I don't think coins having low market cap automatically changes it to a coin with high value. Even if they have a high value, chances are the price are just being manipulated. Coins with low cap can be easily manipulated (especially by the developers) for manipulators own advantage. You might make some quick profit, but in the long run highly likely you will lose everything.
If you are still interested, try some of those coins other mentioned (which i never heard of) at your own risk.
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The primary thing individuals ought to realize is there are no free cash. I would suggest you wish to contribute one way or other to pick up a few. Airdrops are a way to extend the social nearness and promote around the venture but never anticipate anybody to send you a few cash without a reason. There were a few shrewd contracts that started coin dispersion after receiving a few coins but no legit framework would inquire you anything or any fee to urge an airdrop.
True, there is no such thing as "free cash". But yet people don't understand this. Even airdrops aren't free. They require you to do some tasks in order to be able to receive those coins like share their project or have a wallet which at one point had certain amount of coins and so on. There are even airdrops or giveaways that requires you to "verify" your identity before you can receive those coins. Hence you are giving them your data in exchange of few cents! Who know what they are about to do with your ID or infromation. |
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I was a pessimist that bitcoin will go over 20k ,now it's over 30k
From my perspective btc is worthless same as cash ...it has no value for me
Pessimist? You mean you were afraid that it will go above 20k? But then you say bitcoin is worthless and has no value for you, then why do you worry and care so much about the price?
I get it ,it's volatile a speculator and market manipulator dream come true ...for them it has value
I have never seen someone say something dumb like this. Question is how will be responsible for the suicides & murders...when they start happening ?
Why would anyone be responsible? No one forced them to invest in it. They knew the risks and they invest in it. You take a decision and you face the consequences. This is how it works. You can't just kill yourself for your stupid decision and start blaming people for it. Poor people gamble their savings now thinking they will get rich quick ...
If they think they will get rich quick by investing in crypto currencies, its their own fault. They should have invested their time in learning about it instead of jumping right into it. |
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Have you looked into any projects and you found it interesting? Make a list of those projects that you find interesting and start learning about them more. Use this forum to ask questions (beware of shills) and see how they are developing. But keep this in mind, most of the projects are scam. No matter how "eminent" the project might look, chances are they won't achieve any of those goals once people start investing in it. All they will do is dump the tokens, take all the profits and exit, never to be seen working in those projects again!
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What ever you are suggesting has already been suggested multiple times. But you know people, they are greedy. They don't want to wait. They want profit RIGHT away. Hence they look for shit coins that are getting pumped. Invest in it, losses everything, starts crying and then ends up calling each and every crypto currencies a scam.
But yeah, keep on preaching. The more they are made aware, the more mistakes like this people will avoid. But, then there will always be that one person who thinks he is "smart".
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Who is the idiot now? Look at the price. Those who bought at $27,000 is already in profit. If they want, they can continue holding or cash out their profits. You can't keep on waiting for the price to drop. What if the price never drops? Those who invest in bitcoin, I am sure are aware of the price volatility. They know the price might crash. Moreover, most of them are sensible and invests what they can afford to lose. Could have bought it in March this year for sub $4000.
Downside risk is much greater now than it was earlier this year.
Is it the mentally challenged that are getting fleeced right now.
So you didn't buy at $4,000 and regretting it hence being butthurt? You can buy now.. |
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Hi Everyone, I recently collected some crypto profits and would like to transfer them to my Belgian bank account (I am also Belgian).
But that means that I have to hand over 33% to the tax authorities.
My girlfriend is Serbian and has a Serbian bank account.
After some research, I discovered that crypto profits in Serbia are not taxed at all.
Is it legal to send my crypto to my girlfriend's wallet, she transfers the amount to her Serbian account and then to her Belgian account?
It seems like a waterproof system, but I am really not entirely sure.
Thanks for helping me with this.
You should be careful and know all proper laws of your country and your girlfriends country. There might be no tax in Serbia for converting it to fiat, but are you sure there are no tax when receiving payment through bitcoin? If there isn't, then just hand over your private keys of your wallet to your girlfriend and let her convert it to fiat. But if there is, the bank might start questioning the source of income. If the amount is significantly big, they might report to the authorities without informing your girlfriend. Know your laws (and hers) before you proceed. |
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Its treu that it become very hard to scam people and take theire money in the curent time but for now i dont know about any official organization that track scammers
If you know about anyone please share with me
I don't think any official organization will be able to track each and every scams. There are thousands of scams going on and a new one pop up every second. It is your responsibility to keep your self safe from those scams. If something smells like scam, warn others so that they may not fall for the scam. As far as I know, there are some threads that are constantly updating scam sites. And if you think something is a scam, google it including the keyword "scam". It might help. |
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This shouldn't be a "confusion". Ask yourself some questions. Have you reached your profit goal? Then cash out. There is no need to keep on holding since you have already reached your goal. Greed for more profit, then you might end up with nothing. Haven't reached your profit goal? Keep holding, forget about cashing out or else you will deviate yourself from your goal. Want to stay on the safe side? Cash out your profits only and just keep your initial capital as investment.
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So you are investing because you think you might miss out on making profit? Investing because of FOMO is bad. Like really really bad. You keep on thinking about the profits, not about the losses that you might incur. Look, if you are willing to invest for long term, then go ahead. Invest and forget about your coins for years. If you thinking about making short term investment and make quick profits, then I would say don't. We don't know how long this bullish market is going to stay for and what the real price is going to be after correction. But in the end, like you said, invest whatever you can afford to lose. -snip-
Some I realized don't like sharing what they know if they have juicy insight that they feel will change the course of things unfavorably for them if that knowledge was made public. If you are one of them, maybe you can PM me? 1 person won't make a difference.
-snip-
Lol I have seen scammers claiming they have insight and will share it with you if you pay them something. Ignore them. |
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So more coins getting delisted from exchanges? This is bad and shows how bad "centralization" can be. But then they are doing it in order to be in "business" by being compliant to the KYC and AML laws. Probably if they allow listing privacy coins they might not be allowed to operate anymore. I guess P2P transactions are the only way to trade the coins.
Looks like regulatory bodies are already catching up!
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Looks like major platforms are delisting XRP. This is going to hit them harder after this SEC lawsuit. I have seen a thread where someone shared how desperately ripple was trying to keep their coins listed in exchange. They even managed to get one exchange to keep on listing them and open a contest where XRP traders will receive USDT based on the amount of XRP they deposit/withdraw. It is more like they are wanting people to keep the volumes up.
Lets see what happens in the future. Everything looks totally against them.
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-snip-
Although bitcoin has many good properties, I was more interested in a currency which would be very stable and could be used to price other goods and services. A currency that could be used for purchases on a daily basis. It seemed that the limited amount of bitcoin would cause it to behave much more like a digital commodity rather than a stable currency. It would not be accepted by many merchants unless they could convert it quickly to a fiat currency.
-snip-
Sorry, if you are interested in a currency that would be "very stable" and be used to price other goods, then you shouldn't be using bitcoin. It was never intended to be made as a stable currency, hence the cap of the total supply. Merchants are still accepting bitcoins. In fact you will see that every site that supports crypto currency as a payment option will have bitcoin included. -snip-
It would not be accepted by many merchants unless they could convert it quickly to a fiat currency.
-snip-
There are payment gateways that allows merchants to integrate and accept bitcoin from users while quickly converting it to fiat currency. |
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It is stupid of them to think that they should own at least 1 Bitcoin. In reality, it will be almost impossible. Like jackg said, there is 21 million cap and if everyone decides to hold 1 BTC, only 21 million people will be users of bitcoin.
Bitcoin is not out of reach and will never be. You can always invest in fractions of coins and still make the same profit like you would when the price was lower. You can also accumulate bitcoin overtime and maybe eventually reach your one whole coin target, but that is not necessary. If you still wish to hold whole coins you can try investing in altcoins.
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It is not as bad as the last one back in 2017, but it is starting. I have already seen multiple topics where people are asking if they should start investing now. Clearly it looks like they just want to jump all in or else they feel like they are going to miss a chance. These all are fueled by other people where they are making unrealistic predictions and newbies are falling for it. Bitcoin becomes so attractive for many people in a different country, the inflation of it makes the community bigger but there are still many people who keep on bashing the world of crypto because of thinking that it is a scam -snip-
Inflation? You might be wrong here. Bitcoin is considered as a hedge against inflation... |
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Trust the social media influencers? No you shouldn't. High chance they are getting paid to promote a shit project or coins. They will shill as long as they are paid. Everything they say is scripted written by those payers. Around 99% of those "social media influencers" know nothing about the project they are promoting.
I would stay stay away from them. Most of those influencers are scams. Funny (but not surprised) how we see those influencers getting exposed daily.
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You already figured it out. As you can see that no one knows what the "true" value is and what the value will be in the future. When you retire, there are chances that the price maybe extremely low which you forgot to take into consideration. It is always better to keep "alternatives" that will help you secure your future. Don't put everything in bitcoin.
Saving a portion while investing rest in bitcoin and accumulating over time will probably give you a secure future.
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