That's actually fake news IMHO. We do read a lot about people able to pay for things with Bitcoin, pay bills, settle real estate etc. But in reality ask anyone who has BTC and most of them are like that (or like me). Yes I do buy things with BTC but 90% of the time I'm selling it for fiat and then using it to pay for things. It's just more manageable in this way. And if you ask me, and others I'm sure we'd love to hoard much more than we sell, if we had a choice. Reality is often very different from media and from what people say. When was YOUR last BTC purchase for example?  Sometimes there is no choice but to sell if there's a call of need. But, I'll choose to hold more than what I sell and as much as possible, those sold bitcoins that I've got, I'll do something to recover them at least so that I'll have a better position if another bull run comes. |
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Pandemic is good for bitcoin, when the pandemic makes many companies close then this has a direct impact on stocks, of course stocks will drop and investors immediately switch to other types of investment, based on many sources, the performance of bitcoin and cryptocurrencies skyrocketed during the pandemic.
There's a drop of stocks while the pandemic is emerging but many have recovered too. That's the same with bitcoin, it has made a good run while it is on the pandemic. Which allowed everybody to look at how cheap it was pre-pandemic. |
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Somehow the ban of China FUD still did a little impact. But even it's there, we saw how the massive recovery that has happened and with those said factors, it's likely that we're going to see more of this. it's Bitfinex printing USDT out of thin air , and pumping in $100 million in 5 minutes .
SEC should audit those frauds at Tether .
I have found no news about this, you have some valid and recent source for this? |
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I'm sorry for asking, but which country are you from? It's just that chats are usually created by country or at least by the principle of knowledge of the language.
No need for that. It's everywhere and anyone can do that in an instant in different messaging platforms. That's why if you search for such groups, a lot will appear on telegram and even on other social platforms. |
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A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended.
You trust yourself and experience.
But it's not an advisable thing to do.
Yeah its not advisable but there are people who could really afford to take risk whether they are aware of it or had already make out preparations incase things turns out to be bad. Even myself couldnt really that afford on taking up some loan just for me to have a capital on trading.I would instead wait up for having money and do my best to make it grow instead.Trading is risk and results or outcomes wouldnt really be that always on positive or turns out to be profitable. Yes, they are those people that have strong guts. But not all of them are taking a successful attempt in making that loan grow. I avoid to take a loan for any investment that I see even if there's a potential. Even it's just 1% of risk, there's still a chance that I might lose and that's a double loss if the money I've used is loaned. |
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Great idea.
Another natural source that will be used for mining, I guess it will be great that they'll have to be natural method for it and maybe the specialists about the green energy would love this.
Or they'll still say something negative?
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First-world countries have access to vaccines and that's why they're easily backed. But we'll see the light soon and even the third world countries will also be back.
Hopefully next year, we'll see the drop in cases and death.
LOL.. In 2020 we were saying that COVID will be gone by 2021. And now in 2021, we are hoping that the pandemic will be contained by 2022. Personally I don't believe that even in 2022 that is going to happen. The pharma companies know it. They are ramping up their production and having roadmaps up to 2025 or even beyond. And with the emergence of new strains with every passing month (Delta Plus is not the one which has caught everyone's attention), I agree with their viewpoint. The situation is not going to get better anytime soon. It's about hope and that's true that last year, there were some thoughts that have been said that by this year it will be the end of the pandemic. But it didn't and there's nothing really but to be a contributor to the stoppage of this virus through the measures to avoid it. Well, we'll see it again if next year it won't be contained. Agree and it is like a positive thoughts since most people on that time panic and scared of the virus since this is the firsttime we encounter this. Though their prediction was wrong but we do have a positive thoughs that by next year it would be okay but still we are here and we only have a social ending which we follow restriction so that we could be in out side. My prediction last year was 2022 but i think 2024 -2025 is the best bet that everything would be okay. Hopefully by next year, there's lesser cases and lesser restrictions. We all want to go out and go somewhere else. Good for those countries that don't have restrictions anymore and they've beaten the virus but still a lot of countries especially in third world countries, vaccines are not sufficient. |
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holding or trading is a personal choice. but for a safe strategy people will choose holding in any way, because what we know now is that trading has risks and trading also requires accurate analysis. in this case holding only requires patience and accuracy until the price really increases and experiences a large pump.
Holding has risks too. Don't forget that whenever someone holds, he's also taking a risk of how long he can hold and how much he can take as he decides to hold it for long. He can sell at low too when he panics if sees the price drops. Holding is risk that's true because some coin never pump also in long term holding, so you should dyor deeply to pick much potential coin But hype coin is too risky even more than trading. Day trading is quite risks if compared with holding. Yeah. Not just some but many altcoins do not pump despite of being held by many users. It's about to be dead and that's why many in that category shouldn't be held because you're wasting money and time. Despite you're just holding it. |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough. Being good enough? then that might do but still not all the times you would really make profit no matter how good you are and it would be better to start off with you own money or capital to trade with rather than on getting some loan and start to trade it.If you could handle the risk then go ahead but if not or you have doubts then better not to do it if you dont like to put yourself in a problem. Invest on what you can afford to lose. A lot are good traders but still, they can't be sure with the outcome of their trades that's borrowing despite being good, it's still not recommended. You trust yourself and experience. But it's not an advisable thing to do. |
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It should be understood that trading is a risk in any case. I think a trader should be ready for this.
Everyone does. But in this case it's different. Borrowing for trading isn't an ideal thing because you're taking risk but not with your money. And that is why traders shouldn't do this because of the volatility even if they're that good enough. |
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Ofcourse strategies are changes with time to time everything is not same for lobg term prices are changes rules also these changes are necessary from time to time as well as our experience and knowledge too.
What rules? But strategies are really changing. You have to be adaptive to the market and if the strategy that you currently using does not matter anymore and lessen its effectiveness. You have to replace it with a new one. |
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First-world countries have access to vaccines and that's why they're easily backed. But we'll see the light soon and even the third world countries will also be back.
Hopefully next year, we'll see the drop in cases and death.
LOL.. In 2020 we were saying that COVID will be gone by 2021. And now in 2021, we are hoping that the pandemic will be contained by 2022. Personally I don't believe that even in 2022 that is going to happen. The pharma companies know it. They are ramping up their production and having roadmaps up to 2025 or even beyond. And with the emergence of new strains with every passing month (Delta Plus is not the one which has caught everyone's attention), I agree with their viewpoint. The situation is not going to get better anytime soon. It's about hope and that's true that last year, there were some thoughts that have been said that by this year it will be the end of the pandemic. But it didn't and there's nothing really but to be a contributor to the stoppage of this virus through the measures to avoid it. Well, we'll see it again if next year it won't be contained. |
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@Josiel
I am all in favor of everyone getting vaccinated as soon as possible.
Everyone wants to come back to the old living and although some first world countries already are living their lives back, with or without mask they can go everywhere without anything to worry about contraction. I do hope that all of us will get back there again. All of us wanted to move the old same way, without the use of any mask or shields. First world countries managed to provide what their people are calling the government, with the help of being vaccinated they are now free to move without these safety health protocols. The only concerned why most 3rd world country still can't do things like this is the realities in which vaccinated people are more lesser than those who already have the shots. First-world countries have access to vaccines and that's why they're easily backed. But we'll see the light soon and even the third world countries will also be back. Hopefully next year, we'll see the drop in cases and death. |
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Achieving financial success and freedom is based on having a sufficient knowledge base, knowing how to invest and operate funds in order to obtain more profits. The right knowledge can also make it easier for us to obtain financial freedom.
And it's not just all about knowledge. It's how you apply the knowledge that you've learned and obtained. Because if it will remain as knowledge and there's no application. You can't get to the financial freedom that you've been wanting. |
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I second this.
For people asking if they have diversified well. Look at the picture of your portfolio and it will always be the best if you've made your bitcoin has the highest cut of it.
It should be the standard if you want to have the sense with your portfolio.
It's always the best to have Bitcoin as your primary token while having other known alternatives are good way to diversify your investment,. Bitcoin isn't a token. But I get your point that it should be part of your portfolio and it's best to have this crypto. Be still careful with those other cryptos that you might want to have because not all of them are worth the investment. |
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If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.
It happens and it's true that whenever you're in need, you have to sell your bitcoins. Whether it be in profit or loss as long as you need the money, there will be a rush sell that you'll do and that's the disadvantage of not being wealthy. Yes. There is really a great advantage if you are financially stable and then you start investing in bitcoin. You will most likely to earn huge profits because you are just gonna wait and sit for your target selling price to achieved and then you sell them. So whenever you have trouble meeting your finances, it will not affect you that much because you have your own spare money that you can use and won't resort into selling your coins even if its still in low prices. So i think being financial stable is a big edge towards others so you won't end up losing your investments in bitcoin. Instead,holding it will keep on growing your profits as years continue to pass by. That's the advantage of people who are financially free and stable. And that's what we're aiming for even though we're not like them. We can be like them, we have to look for ways to obtain that status while holding and keeping our bitcoins. There's a way and we can do that if we're eager and won't spend those btcs that we hold. |
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If your wealth is unstable, you usually have to sell the coins when you encounter some problems, but you still have surplus money in your life, and you can invest in the Bitcoin network for a longer time without worrying about other real life. If the expenses in real life are difficult to meet, then the choice of investment will not invest too much money.
It happens and it's true that whenever you're in need, you have to sell your bitcoins. Whether it be in profit or loss as long as you need the money, there will be a rush sell that you'll do and that's the disadvantage of not being wealthy. |
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Just always make sure that bitcoin is your highest investment, always choose bitcoin as it is the safest haven among other cryptocurrencies.
I second this. For people asking if they have diversified well. Look at the picture of your portfolio and it will always be the best if you've made your bitcoin has the highest cut of it. It should be the standard if you want to have the sense with your portfolio. |
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That will result in more adoption. Right ?
It will. Every single feature that's allowing bitcoin transfers, tipping/gifting bitcoin, will make an addition to the adoption. Su price increase occurred but not so impressive. Bitcoin now needs to break through $45000 to confirm the trend again. The impact of twitter adoption of Bitcoin is great. It makes sense in the long term because up to 3 hundred million people are using twitter and that number is going to grow. And that also leads to an increase in the number of people coming to Bitcoin.
The whole bull run this year has been impressive. People just have to look at that side instead of looking at quick daily gains. |
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@Josiel
I am all in favor of everyone getting vaccinated as soon as possible.
Everyone wants to come back to the old living and although some first world countries already are living their lives back, with or without mask they can go everywhere without anything to worry about contraction. I do hope that all of us will get back there again. All of people wanted to be vaccinated but many has second thoughts , either their Physical health , or their future living., Not all but many don't want to. Because of the side effects that their body might react and there are also those that just don't want to take it because it's not what they needed. |
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