Real deposit investments? What does that even mean? Is it banks? If it is then it's their problem especially in the private sector. Yes, Bitcoin is volatile and it had always been a choice of the individual to invest with it. There is no terms of agreement or whatever agreement they do with banks. I like it more that way. You are your own bank. My problem with banks is they are the only one making money from all the investment they did with our money. "Our money." 1 percent or less annually? Then how much for them considering there is less risk with where they put it. But look at us, looking for an option to avoid them with high risk investment.
Yeah, I guess as in stock markets, savings accounts and many stuff like that. During this period many people stopped paying money to their 401k (or whatever it is called in their nation) and put that money into crypto, some even cashed out of all their retirement funds and put money into bitcoin. The expected result was a big loss, why? Because you should put your retirement funds into something that actually worths money, without it you should not be really doing anything risky and you will be living a horrible retirement, if you have no money that means you will need to work when you are 70+ years old as well, what else can you do? But contrary to what people were afraid of, it actually worked, bitcoin and all other things went up a lot and these people made a lot of money. This is why I think it is quite cool to see so many people getting rich from crypto.
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Climate problem is so severe yet the world is not doing anything about it. There are a lot of people who believe it is a hoax as well, we are literally dying as species because of it but nobody cares, the world will become more and more inhabitable place in the near future, it used to be something dangerous but right now we are already way beyond that, now we are at a point where it is guaranteed that the world will have a big trouble, but are we going to all die as humanity or not that is where we are right now, if we can start doing something we can actually maybe die in billions but not as a whole, but if we do not do anything then we will all die, there will no longer be any humans on earth in 50 years if this keeps going on.
I know this is not about bitcoin hack or network failure I am sorry but it just bothers me so much to see people not caring about it.
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In the past weeks, BTC and ETH were all dumping, only dog-related coins are rising, Dogecoin ($DOGE), SHIBA ($SHIB), Akita ($Akita) have all risen a hundred times, too crazy!!!
What will the price of $Doge be?
And which one will be next dog?
I have to be honest I did believed doge was capped at 10 cents as well, I believed that was way too high and it wouldn't go any higher neither, even 10 cents was good enough to short it, I didn't short because I do not do that, but if I did I would totally short it. Still to this day it looks idiotic to me, I do not get the idea why would anyone buy dogecoin? What does it do? What does it work for? It has absolutely no way to be used at all and it is totally a useless coin, and yet we here we are, it is super high. I think I was the wrong one, I still think it is a useless coin but anyone who invested when I said it was high became richer, so I guess I have to say I was wrong to not invest into it and telling people not to invest into it as well. This is why I think it is quite obvious that people should do whatever they want to do, they may become right even if what they are doing seems insane.
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Right now I see a lot of people who enter Crypto forums to be able to get profit through some cryptocurency. Are virtual assets like BTC still promising even though the years have changed?
The reasonable and logical ways to use NFT actually became a very popular thing, that is the most exciting thing. I never found "I am selling NFT of this image for 5 ETH which is over 10 thousand dollars" ideas reasonable, they never made any sense to me. Why would I pay 10+ thousand dollars for an image? I mean even painting is something I can at least hang on my living room, but an image on my PC to worth 10k+ dollars? And those are the most simplest things as well, high end was like hundreds of thousand dollars with highest went for 70 million dollars. But now in many DeFi projects, there are use cases for NFT, you get them, use them and get something in return, there is even few that is like pokemon or something where you fight your NFT against other NFT and earn tokens for it, that is seriously insane and I am really expecting that to take off soon.
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You should always think positively. It could have turned out a lot worse. So, shake it off, add the experience/lesson to your memoir and next time you'll be much better prepared.
Also, to make you feel better, think how many others have been in your situation or even worse. These things can happen, all you can do it learn from it.
I have been in that situation, and a lot more. I could be 3+ million dollar rich right now, instead I have few thousand dollars, I had 50 bitcoins or so in my account back in the day, but this was very old days, instead I sold it when it reached a thousand dollars or so, used it to basically live a good life for about 2 years, and then I had nothing to show for but stuff in my house whereas if I kept it I would had a lot more. However what did I do? Did I gave up? No, I just took that as a lesson and now I am growing my bitcoin amount, and since last year I have been getting richer thanks to this, still not giving up, I will do this until I know I have enough money to retire, and if bitcoin goes even higher than that, I will just say I have enough and will not care about anything else. A lesson learned and I will not do anything else.
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All I wanted to do was buy a tiny bit of doge coin and binance has screwed me lol. Sent $70 to the old non US account by mistake forgetting they changed to a US only platform. They said they’d give the withdrawal fee back (.0005 BTC or $35) if I sent funds to another binance address so I created the binance US account, now I can’t even convert the BTC to doge on the new binance US account so I’m creating a kraken account, now if I want to transfer my remaining $35 of BTC that I transferred in they take pretty much all that’s left and I get $7 back in BTC. I’ve been Robbed 90% of what I transferred into Binance, screw that platform! I’ll never use them again. Going back to Bittrex or Kracken after this experience. I’m so pissed and I still don’t have any DOGE lol. I’m glad it is such a minuscule amount, but still lol.
I can understand that some people may not have the riches of other people, I look at millionaire people and envy them as well, and if one millionaire came up to me and said "just few thousand dollars? what is that man, forget about that money" I would be pissed as well. This is why I do think that we should help OP instead of trying to humiliate his amount, everyone has the amount they can gather and that is normal. However OP you have to realize, some things cost money in crypto, and that is why smaller amounts get hit higher, when you have 1000 dollars you get charged 20 dollars for something, when you have 30 dollars you get charged 20 all the same, which means these type of things hurt you the most. And when you "forget" about something it will cost you like this, if I forgot it, it would be less than 1% of my portfolio and I would be fine, but when you do , it is 90% of your money so you have to be extra careful.
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Any long-term investor in crypto should ensure that he retains the exposure at the most acceptable risk. The truth is that while risks are considered to be higher on the equity side, they are kept lower when you have a diversified portfolio. If the risk was high and the investor had less investments, he would have been fully exposed to market fluctuations.
Every sector is prone to its own set of risks. If one does not pay due attention to the risks that a particular sector is exposed to, the investor is risking his entire investment.
I can't agree more. Everyone probably "knows" what they should do, but the reality is that even if you have the information for it, you may not end up doing it because of emotions, that is the biggest problem. I have seen way too many people make trades based on their emotions for the past few months. Weirdly and to be fair annoyingly they have made a lot of money, we are in a huge bull run right now (well not now but for the past few months) and I have seen people yolo their hot or btt or whatever coins on 100x leverage with all-in style and get millions of dollars from few thousand dollars. That's weird, I really did not expect anything like that to happen, many newbies became very rich thanks to this period by doing things we advised not to do but I guess market was so good that even people who didn't know how to properly trade ended up with money.
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I do not check for the reason for the market correction yesterday because if I do that, I will spend some time finding out why, which is not always right or it just from people guessing the reason. Instead, I better find other news that will allow me to know the market situations or learn more about the market to make more profit in the current conditions.
I think we do not yet see the final ATH of this cycle because the price can still increase more than just $64k or the worst thing will happen, especially since this year still has 7 months later so that everything can occur, including the final ATH which all people want to know.
Yeah, it does take a lot of worry even if you are not selling, a crash is a crash and anytime it happens no matter who you are, a newbie, a veteran, a panic seller, a long term holder, every crash worries people and that's normal. How you react to it changes what type of person you are but how you feel is same with everyone. This is why there is no need to worry about drops and pumps causing you emotions, that is something very normal. I personally do not see this drop as something of a problem, because as long as these institutional investors are here, they are literally powerful enough to cover all the drop with one single move. Let something like amazon buy another 1 billion dollars, even if that doesn't cover it (it won't) the news of it will create so much hype that there will be 5x more bought by retail investors just because of the news.
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Dip has just happened after Bitcoin reaches $64,000, it was followed by a $53,000 dip. Though the possibility for Bitcoin to go below $50,000 is always possible, but it probably not gonna happen currently as institutions are still coming in to the crypto market. If you noticed after the crash, people are rushing to buy at $52,800+. Some might have been waiting for $50,000 but It really is hard to wait to buy at that level especially that investors has been looking for a good entry point.
I think 53k wasn't there for too long, we have been over 55k+ for the majority of the time, that 53k (and even 51k) was hit and then bounced back very quickly, didn't even take 1 full day for it to go back up, so we can easily say that dip has been 55k if you waited. I believe that is not bad at all. I do believe that 50k could be reached and it could go under but I believe it is not that easy neither. I just think when there is a huge crash in the market for something major that means we could be under 50k, however no regular everyday type of crash like we have just seen could make it go under 50k. Why? Because like you said people were rushing to buy bitcoin as soon as it dropped, that means a lot for us and as long as that happens we should not really worry, as long as people buy that is a good thing, be scared if people stop buying bitcoin.
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I predict ~$30,000 to be the bear support.
I doubt about breaking $50k itself unless otherwise there would be a bad news like what we had by 2015 when mt.gox was shut down (please remember mt.gox was one of the prominent exchange then and only very few other reputed exchanges were in business by Jan 2015). Right now we are strongly moving toward $58k levels and I will not be surprised if we are closing today above $60k as well. I guess all these people who are demoralized by a small dip would have died of a heart attack in the early years of Bitcoin, when daily volatility was even higher. If you believe in Bitcoin for the long term, just HODL.
But, I guess people get practice to volatility over the time and moreover early days of bitcoin markets and today's are not having much of differences if you calculate market volatility in percentage. Yes you are right, it is the space only for the people who believe into the future of bitcoin, if not then there will be no meaning of holding bitcoins with heart breaks.
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Since, there are not many places that offer a service to be a middleman between a crypto payer and a fiat seller, that means there is not really that much of a problem. I mean how many companies there are in Turkey that allows people to use their services to pay crypto everywhere they go? Not much I suppose, so this doesn't really change anything.
I am fine with crypto not being a means of exchange as a service, that is understandable, if I can use it directly (which this law doesn't stop) that is enough for me, crypto should be accepted, not forced to people and that is why I think this is not bad, sure it would be better if it wasn't applied but it is not that bad when this happens neither. As long as crypto itself is not banned which obviously they won't ban, that is a good news, people really do love crypto in Turkey and that should continue as much as possible.
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Although I don't think that individuals in large numbers will move from one country to another due to high tax rates, in the long term it will only make the employees unproductive. Also, before Yellen talks about a unified global tax rate, she should look towards unifying income tax within the United States. Because it differs from state to state. In states like California, the combined state+federal income tax is >50% for the top most group, while in Republican states such as Texas and Wyoming, it is 37%. And the irony is that California is bankrupt, due to incompetent and corrupt handling of the tax revenue, while TX is in a relatively better position. https://www.paloaltoonline.com/news/2020/05/10/california-just-revealed-a-543-billion-deficit--signaling-deep-cuts-aheadThe problem is not democrat party or republican party, that has been established long time ago, it is known for the past 30 years, USA is a nation with "2" parties but the reality is that they are basically the same and nothing changes. Why? Because both of them use the tax income wrongfully and they do not use it directly helping the people. Look at the military budget, Bush increased it, then Obama got elected and increased it, then Trump got elected and increased it, then Biden got elected and increased it, now it is nearly getting to 800 billion dollars a year, do you know what you can do with that? You can solve almost every problem in all of USA if you used that directly helping to people, it would seriously be enough to cover half of all universal health care and also if you cap pharma companies charging idiotic prices that would be enough to cover every single person who got sick, from flu to end level cancer. This is not democratic or republican, it is problem with politicians.
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Every person was dreaming to have a financial freedom at an early age as they can and the fact that today the importance of money really matter because you can't purchase products and services without it. Personally, what I realize about bitcoin especially in this time of pandemic was bitcoin was created for people to use as another way of source of income, to help people ease the difficult times of living. Bitcoin was created not exactly to make you rich because getting rich is depend on how do you dealt with crypto world wisely but getting rich with the use of bitcoin wasn't impossible.
This is the problem with the people who use bitcoin and that is why it is great as an asset but it is not as a means of currency. People put fiat money into bitcoin, the price of bitcoin goes up, they take out more fiat money and they continue their life that way. Most of the "dreams" is about buying a crypto (could btc, could be alt) and in the end they want to take out so much fiat out of it, get so rich that they want to be able to live a financially free life thanks to the profit they made. However reality is that bitcoin wasn't created because of that, it was created to be a currency, which means instead of using fiat, you should be able to use bitcoin, that was the starting idea. So you should not want bitcoin to go up in price (which you can anyway) but you should want bitcoin to be accepted everywhere around the world, that was the intended end level.
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$100000 is a long target which means many years are needed in order for ethereum to fulfill. It is possible. Im glad that I bought 1 ethereum when its price was $400. Still, I believe that ethereum is being underrated mainly because of the high transaction fees and the strong uptrend of bitcoin.
Not just years, I guess we must need a decade of waiting time for seeing ethereum to test $100k levels. Probably when bitcoin is testing $10 million dollar levels, ethereum may test $100k levels. I am not speculating these but in rough estimation I am saying this. Ethereum may boom when its 2.0 version will be released and addressing the high transaction fee problems. If it fails to address that issue then I guess people may switch over to other altcoins as there are multiple ethereum killer coins are available in crypto space. Let's wait and watch that what future got to unfold for all of us.
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Cardono is one of the best crypto currency in the market right now. It has huge potential and in future, it will be growing so fast. People are investing on cardano in huge amount. The price of cardano is going in right way and it will be rising continuously. Hopefully we will be able to see cardano at $10 at the end of 2022.
It has been told across this forum about the potential of cardano but price wise it is not moving how most other coins are performing. That is really disappointing. I have bought cardano by 2018 and I am still holding but I am not seeing big profits for my capital. When it was trading above 3000 satoshi levels I was thinking to exit but before making a concrete decisions it was not holding and suddenly fell down quickly to test again below 2000 satoshi levels but right now rising again and I guess I may exit this time around 3000 satoshi levels to end my long term holding and expectations.
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I have about 16,000 USD. But I'm very new this coin market. I need advice from experienced people.
Do not invest into any altcoins but just invest all your money into bitcoins and I am sure you will get chances to multiply your $16k into at least 2x. If you are lucky then you may get up to 5x returns in next 6 to 7 months of holding. If you are too keen to invest into some of altcoins then you may go for ETH/BNB/LTC not beyond that. Because, altcoins may get you good profits but not certainly whereas bitcoin got almost 99% assured to get you quick profits in this year. If you ask the same question by next year then I will recommend you the same thing but your holding period will be long than the above one. Yes, bitcoin will stay continuous growth phase but we need to be patience to enjoy accordingly. Otherwise we may lose money like investing in unknown altcoins.
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While BTC could top $100K as institutions and corporations prefer its digital finite supply better than gold. One can say that we can experience a steady rise in DOGE to reach new ATHs this year. I felt elated when I saw DOGE at 13 cents yesterday!
When bitcoin will be testing $100k levels I am sure dogecoin will scale new ATH if it got power to hold its current position of 200+ satoshi levels. Surprisingly dogecoins is holding above 200 satoshi for two consecutive days which must be the very big positive sign for further bull run. I guess if current price levels are holding then we can easily see dogecoins to be testing 350 satoshi levels in next 2 weeks of time. Suddenly doegcoins get into 10+ cents which may again attract more investors. In long run I'm speculating about reaching $2 to $3 level for dogecoins. It may be sounding in possible but when there are billionaires to back it up, I guess even $5 also possible in coming months.
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It's a fair and logical point, but only if almost everyone on Earth buys Bitcoin and becomes rich, which is, obviously, impossible. There is a limited amount of Bitcoins and, in addition, different people hold a different number of coins, some may have 1-2 and some hold more than 1000. Thanks to the limited amount of Bitcoins and diverse demand - Bitcoin will keep growing with increasing adoption.
I do not think that limited supply of bitcoin is a criteria here. Because, due to limited supply people who hold bitcoin will become super rich in short period which again goes in favor of what OP is stating. But, I am not seeing OP's point and fair and logical. OP's point will play a role on our economy when at least 25% to 40% world population become rich (NOT just adopting bitcoins) and refuse to work more. Even there are possibilities for more than 50% of world population to adopt bitcoins, I doubt all 50% will retire early after becoming rich, the chances will be less. Because not all adopters are holding; may be less than 10% of total adopters. if literally everyone (or the vast majority) uses Bitcoin, only then there can be an impact on global productivity.
If we use bitcoins then there will be no problem. Because, you may become rich by holding and not just by using bitcoins. In long-term perspective, there are possibilities for all 100% of world population will be using bitcoins but that doesn't mean that bitcoin will make them rich just because of they are using bitcoins.
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It is nice to see that the industry are moving forward and also focusing on "burning issues" that has received a lot of criticism in the past. I hope other Bitcoin mining operations will take note about the changing environment and they will also shift their operations to run on "clean" and renewable energy sources. Making use of renewable energy must be a good step toward green environment but I am just wondering how people are going to deal against heat emission problems because of bitcoin mining. It means the the process toward green environment assuring bitcoin mining needs to travel very long path ahead. Probably switching over to different algorithm would be the easiest solution here but I'm not sure how much feasible that one would be. If bitcoin mining will be ensuring not harming our earth in any means, I guess there will be more chances for bitcoin to be adopted by each and everyone. I believe experts must work on this, so that we can make use of bitcoin without any guilty. Yeah, global warming must be a big threat right now.
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A very valuable type of diversification in the 1970s was investing in bank bonds and saving money to generate interest, now that is not so feasible, the world is going at a different pace.
Yes, I remember my father was holding only bank deposits to generate monthly income for our living which must be the reason later on we got to suffer when banks decided to reduce the interest rate. My father got savings but refused to invest. In my country some 15 years back itself, saving money on banks for interest generation had become not feasible. Without investment, you will likely suffer and will have to work forever. Investment does indeed build you future and will help you to retire early. Savings are not enough! You saving won't appreciate in value in the long run.
True. Investment will definitely help to cope up against rising inflation rate. Only because of high inflation, our saving will lose its buying power over the time; but when we are converting our saving into some asset and then selling that asset for profits will definitely help us to live better against inflation.
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