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It is not advisable to pay debts with printing money, because it will have a bad impact in the future. One of them will be high inflation,
if this happens fiat will lose its value. Then the government would rather increase taxes than pay debts with printing money. So no
wonder for the government tax is very important, because tax is one solution to pay debts.
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In my opinion there is nothing wrong if we expect or pay more attention to halving bitcoin that will happen some another month.
Because if we look back in history, what happened with the previous two halving has already been proven to make bitcoin prices
And it's very important in my opinion the rise in the price of bitcoin to speed up the process of adoption of bitcoin the price of bitcoin
is more expensive, the more it attracts new investors to invest in bitcoin.
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If we talk about cryptocurrency that is good for long-term investment, the most profitable is of course bitcoin.But answering the question
which crypto except bitcoin is good for long-term investment, namely coins / tokens which are included in the top 50 ranked altcoins.
Like ETH, LTC, XRP, BNB and XLM. The five coins that I have mentioned in my opinion have very good potential for long-term investment.
So most likely if we are lucky with hold that coins will be able to generate substantial profits.
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It is very possible that trading can make double capital in 2 months, but because your condition is under pressure. I make sure you will
end up failing, because in trading our minds must be calm. In order for decisions taken can be accurate and appropriate. Now you better
look for other ways to settle your debt, even though you professional traders will end up failing if trading is in a depressed condition.
And also this lesson for all of us, do not make it a habit of debt if it is not urgent. Because debt will make it poorer.
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In my opinion, the issue regarding bitcoin adoption depends on the policy of each country, although bitcoin is not illegal for most
countries, but not all countries allow their citizens to use bitcoin as payment. Including my country, it doesn't to use bitcoin as a
payment. This obstacle is hampering the adoption of bitcoin, if all countries can legalize bitcoin it will it is easy for bitcoin to become
a global currency. In addition, another problem is that bitcoin has not been used as a payment method by most merchants are due
to the price of bitcoin volatility which makes merchants not dare to take risks.
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There is nothing wrong with the focus of investing in bitcoin. Because that is also one of the best strategies in my opinion,
because bitcoin is safest choice for investment. But for me it would be nice if you get the maximum profit by investing also
in altcoins. Because we also understand altcoins if the pump rises high enough to be up to 500%. Even so it must be recognized
that investing in altcoins it is very risky. But to be successful we must have the courage to face the risk. Now the decision is in
each person.
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In my opinion the number of people who use cryptocurrency in real life is still very small, because indeed the number of countries
that legalize cryptocurrency is also still small. Including I also can not use cryptocurrency in real life because my country forbids
cryptocurrency as a payment, but even so I am still optimistic that in the future cryptocurrency can be used globally throughout
the world. Indeed we can only be patient until it really happens.
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I'm a little surprised why there are still many people who believe the words of John McAfee, if we follow all the predictions that
have been made almost all failed. So if now he wants to predict the price of bitcoin could reach $ 1 million by the end of this year,
that's for sure nothing will happen. Indeed it is not wrong John McAfee was nicknamed clown by some cryptocurrency communities,
because that came out of his mouth just a joke.
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Of course if the price of bitcoin rises, I will sell it to take profit. And the bitcoin that I sell will be bought some
altcoins. And the most important thing when selling bitcoin, don't sell it all. Just sell 50%, the rest I will hold
to keep if bitcoin prices continue to rise again. For altcoins I will buy one that has good potential and also has
a high volume. Like ETH, LTC, XRP and BNB.
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Finally bitcoin can return to the price of $ 8000, after several failed attempts. But it is still too early to conclude that this is
bull run. It could be this is only market manipulation by whales, we really need to be vigilant. We still have to monitor, we
continue to be sure that what is happening today on bitcoin is really bull run. Hopefully if true bull run, meaning I'm more
confident after halving later the price will rise.
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I'm sure BNB won't be able to become king of all coins, because only bitcoin can be king of all coins. And I doubt BNB can beat bitcoin.
But to be able to become king of altcoins, beating ethereum is still possible, because BNB developers are very active to continue to
make the BNB grow more. But to be the king of altcoins cannot happen in the near future, because it is needed a long process. Especially
ethereum is a tough one to beat.
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This is the effect of mass adoption of cryptocurrency which is growing more rapidly. So some countries try to make their own coins, and more
also the development of the digital era. It's already penetrated the financial sector, indeed it is most likely cashless began to be seen this year.
Hopefully with this positive news can slightly increase the price of cryptocurrency in the market. Indeed, the predictions of experts this year is
a year of awakening cryptocurrency, we just follow its development.
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Thank you for sharing stories about your experiences, nowadays scammers are getting more creative in how to trap their victims.
We must always be vigilant, lest we also become victims of scammers. Actually I also often get offers interesting from people I know
by telegram, but I also realize the offer is likely a scam. Because of me realize don't trust people too easily, it's better to avoid it than
I am be a victim of scam.
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We are all in this forum waiting for the arrival of bull run, hopefully the predictions that say bull run will come in 2020 will be reality.
Because many investors are tired of the bearish market, luckily I can see some coins have started to move up. This is a good sign,
the bull run is coming soon.Right now the market only needs a little push from whales to trigger a price increase. And hopefully halving
bitcoin this year can be as successful as halving before. We all do have to be patient for now.
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If I get profit from trading, I will save my profit in stablecoins. So if there are coins whose prices will go down suddenly I can buy
coins with the profit that I save in stablecoins. But it's not always like that, if indeed there is a desire to buy something I will
immediately convert into fiat to buy the things I want. But such things are rare happened, because I prefer to turn the money I can
to trade again.
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If we save it in the bank $ 50k money would indeed be safer, but the drawback for the interest offered is very low. So in the bank
very difficult to generate greater profits. If we invest $ 50k in Bitcoin, it is more dangerous because of the risk high. So after
I considered I chose to halve the money I had. By depositing $ 25k in a bank, then remaining capital I will invest $ 25k in bitcoin.
That way I will maximize profits.
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In my opinion libra will continue to move forward even though one by one its partners drop out, because libra is still supported by facebook
who have a lot of funds. So it's possible that Libra will still be launching, which is a problem, not the partner of Libra who dropped out. But
the decision of the American government that has not yet agreed to launch libra coin permits. There is speculation that says libra will launch
in 2020.
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It is true what is written in the opening post, that if you make a mistake that has been mentioned in the opening post will be poor.
Especially points number 1 and 5, which are not backup key and create a weak password. If we don't make a backup key we will be
threatened lost all the funds we have. Because when we lose the private key and there is no backup key, we cannot access the wallet
us again. Then always make a strong password so it is not easily hacked, because a weak password will be very easy to be hacked by
hackers.
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Because bitcoin is too strong to be replaced, bitcoin also has a very large volume compared to altcoins. This proves that
bitcoin still gets the trust of most of the people in the crypto world. And also bitcoin already gives a lot advantages for its
users. Making bitcoin increasingly stronger, can be seen until now bitcoin still dominates the market. So it's difficult to
replace bitcoin.
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