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Since you two guys have started, I advise you to stick first with bitcoin and create a goal like owning up to or more than 1 btc.
But if you think that you are ready to own another crypto and you have planned it well, you chose a good altcoin. Ethereum is considered another good crypto to invest but IMO, stick first to bitcoin.
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There’s been an avalanche of FUD. - Trump
- FBI hacking ransomware address (but not really)
There seems a concerted effort to bring bitcoin down but here we are, still at $32,8xx. Most of the weak hands, retail buyers etc are hopefully gone now. It’ll take a couple of months but we will recover & reach new highs by the end of the year. We are still in a bull market. Exactly. Those FUD are actually stopping and keeping a lot away from the market. But despite that, bitcoin will surely recover no matter what typical fud they send to the market. The weak hands shall come back when they see the market is up and good for them again. |
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I think is also good, if one buys now. Because the price is around $32k, and nobody knows when the price might rises. However, I don't think Bitcoin price will fall below $30k anytime sooner.
I'm not removing that possibility that bitcoin can still plummet below $30k but if it starts to recover, that's a better scene that we're going to see than to expect that it will go down that price range. Predictions have been made that Bitcoin will hit $100k before the end of the year.
I'm believing that prediction but do not forget that it's still a prediction. It can or cannot happen. |
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I think I am addicted to buying Bitcoin. I buy only little by little but this is too addictive. I still have some cash but that money is being spent on buying Bitcoin every day. Do you think this is wise or should I stop for few days?
It is wise if you're buying at this time because bitcoin is dropping in price. But you know what's not wise? if you're compromising your other needs and you're buying bitcoin. You need to balance your life status as you buy bitcoin. There's nothing wrong with buying it as long as you're still living comfortably and you can sustain your daily needs and you're not sacrificing your budget for it. |
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It's true that even poor people don't necessarily understand cryptocurrencies, especially bitcoin,
and I don't think poor people will think that far, of course they will think for themselves how to survive,
so even though some give free bitcoins of course they don't understand what to do with bitcoins
I disagree. If someone is poor, they're striving to survive but at same time they're hoping and dreaming of getting out of the poverty line someday. And it urges them to do extraordinary for their dreams and to get out of the rat race. Try to give a poor guy bitcoin and for sure that he's going to do what it takes to understand it and what's the best thing to do it. Almost everybody got a signal for the internet to do simple search. Myself too disagree on the statement. Just because one is poor, it doesn't mean they'll not understand anything. Everyone is doing something for survival, so there's no discrimination that someone specific understand and the other won't. It is all about the way they take it. I personally know a person who started with just $30 and slowly he have increased it to $1000. Invested what is possible for them and learn to make it big. Well said. Being poor isn't an hindrance for someone to stop learning or stop being curious with new things. There are those people despite their life situation, it doesn't stop them to be curious with new technologies. They're learning from it and getting some idea through researching that's why there's no life status hindrance to learn a new technology. |
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I haven't used one but I think it's part of verification that will be sent to you and to confirm as the buyer. If they're asking it for your number, it's better to contact the owner of that Bitcoin ATM and ask them why they're requiring you with that. Are there any free online numbers that will work?
There are many online but usually they're crowded with usage so you'll find it hard to use one if it's going to send a verification on that number. I think using your phone number with transactions are fine if it's sending you TXID for that Bitcoin ATM. |
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I wouldn't sell huge amounts but I'll sell in small amount in batches so that there won't be any problem if I'll sell it in P2P. I guess if you want to have that fully cover of anonymity, it's with p2p or converting it to Monero.
I wonder if swaps could be another choice for this.
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Good job El Salvador and with that declaration I think that there's no longer tax on it as I've said on a tweet. If there's no more tax on El Salvador I think it's going to be the next bitcoin/crypto haven, a country that's fully welcomed bitcoin. It's a dream come true for the bitcoin community and finally aside from those countries that welcomed bitcoin and didn't imposed a ban. We've got El Salvador that treats it as a legal tender. Another achievement has been unlocked.  |
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It's true that even poor people don't necessarily understand cryptocurrencies, especially bitcoin,
and I don't think poor people will think that far, of course they will think for themselves how to survive,
so even though some give free bitcoins of course they don't understand what to do with bitcoins
I disagree. If someone is poor, they're striving to survive but at same time they're hoping and dreaming of getting out of the poverty line someday. And it urges them to do extraordinary for their dreams and to get out of the rat race. Try to give a poor guy bitcoin and for sure that he's going to do what it takes to understand it and what's the best thing to do it. Almost everybody got a signal for the internet to do simple search. |
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I've felt that disappointment when I've incurred losses before.
I thought that there's no way to recover but there are several methods that we can do and one of it is trading. But the mental breakdown of it is strong especially if the amount involved is quite big and you can't talk about it.
Because you'll feel the regret that you should have taken the profit already as you hold and when you trade, you'll just remember that moment which will give you disappointment.
Disappointment from those mistake that you had will really be just normal but we should really move on and dont look back into those past mistakes because we would be definitely be bothered and would result into possible mess up decisions that we might make. Losses are inevitable but thing here is that we do know on how to handle up the situation and looking for ways that you would able to handle the situation. There's always a way if we do talk about recovery and able to suppress out those similar chances because of such mistakes. Yes. The great lesson that one can learn from that is we're able to handle the next situations that we'll be with. Tackling it will be easy and it won't hurt you that much as much as you've been hurt for the first time. You're enduring it more this time and at the same time, you're applying what you've learned. |
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That's not the end of it. I also didn't sold on 2017 but did some selling this time but it's not entirely my whole portfolio that has been sold. I'm looking forward to the next years to come or with the next cycle. Those folks who bought @ the peak of 2017 was also called the same but if they've held until the peak for this year, they've earned x3. we all gotta learn our lessons  I agree. |
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Covid 19 really has great effect in our country economically speaking, literary our country is down now with lot of debts, lots of business are closed, school closed, no transportation, hospitals are full of patients more and more health worker are suffering some doctors died, to top of that the politics-corruption in our country is really worst its totally different from the normal life we used to have, but some still good things happened, people are became innovative they were able to find way to make a living out of this pandemic, and they help one another in this time of crisis.
It is very sad that there are politicians that are taking advantage of the situation. They don't care about the welfare and well being of the people as long as they'll get what they want and their main goal is to make their pockets full out of this pandemic. Yeah, there are still those people that have the spirit of helping because this is a crisis that we should deal altogether and beat together. But it's just disappointing to know that it's not only your country that has to deal with such corrupt politicians but for sure there are others too. The culture of corruption seems to have been attached to several officials in every country. they use their power to achieve personal goals, although severe punishment does not seem to deter the perpetrators. Therefore, the transparency system is very good to reduce the number of corruption, so that this pandemic will be resolved soon, with targeted assistance I think it won't be gone unless there's a principle that each politician is protecting and as well as their known good reputation. In some cases, even the good ones are also being stained due to the influence and the money that's under the table. And in this pandemic, many of them has saw the huge money that's going outside due to the budgeting that has been put into law and that's why those corrupts are taking advantage of it. |
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What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
It can be traded in all countries but what's stopping is the government rules. But I've seen people even if there's already a rule that trading cryptos is banned on their countries, there's no way their government can stop them. That's why even it won't take 2025, bitcoin can be traded in every country. There's a ban and yet the government didn't know that their citizens can still trade it. |
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It has been tackled many times years ago and it simply cannot happen.
There's more security if bitcoin remains PoW and that's why it had never changed. We know that PoS is very promising and that's why ETH is going on it for its ETH 2.0.
But if it's about network security, PoW is giving that.
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Covid 19 really has great effect in our country economically speaking, literary our country is down now with lot of debts, lots of business are closed, school closed, no transportation, hospitals are full of patients more and more health worker are suffering some doctors died, to top of that the politics-corruption in our country is really worst its totally different from the normal life we used to have, but some still good things happened, people are became innovative they were able to find way to make a living out of this pandemic, and they help one another in this time of crisis.
It is very sad that there are politicians that are taking advantage of the situation. They don't care about the welfare and well being of the people as long as they'll get what they want and their main goal is to make their pockets full out of this pandemic. Yeah, there are still those people that have the spirit of helping because this is a crisis that we should deal altogether and beat together. But it's just disappointing to know that it's not only your country that has to deal with such corrupt politicians but for sure there are others too. |
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Die? https://99bitcoins.com/bitcoin-obituaries/Bitcoin has been said dead for 416 times. You're only looking at the peak price of bitcoin and the current price. Zoom out if you have to take a look and think if the word "die" is suitable from what you're saying. |
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They tend to choose to become a trader and that's why they won't just settle with their holdings. It is common to have holdings and if somebody who holds wants to trade, that's making him want to earn more or accumulate more as he trade.
The self-improvement process described above is only natural for those who are doing well in the little trading volume they make. Of note, it is much easier to trade in a bull market because if you hold for long enough with all the coins popping you'll end up in profit but this is not the case in the bear market. This is why many traders when they encounter losses get disheartened and lose interest but the key to success is perseverance and learning. It's like saying you're never going to walk again because you fell a couple of times. I've felt that disappointment when I've incurred losses before. I thought that there's no way to recover but there are several methods that we can do and one of it is trading. But the mental breakdown of it is strong especially if the amount involved is quite big and you can't talk about it. Because you'll feel the regret that you should have taken the profit already as you hold and when you trade, you'll just remember that moment which will give you disappointment. |
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Aside from the news related to Tesla/Elon.
Those were interesting articles/guides that you have consolidated. And if you're going to include most of them, you'll have to be active to update it from time to time.
There are other more articles and guides that are good to put on that list but you need to take time listing them.
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Don't be to pessimistic. Bitcoin can't go lower than it did the last year.
Nice insight. But you can't stop people to have that thoughts of being pessimistic because they're comparing it to the last bull run and bear market. That's why that thought has been formed for most of us and thought that because we saw bitcoin dropped 50% then it should be the start of the bear market. And what's good on this, bitcoin is recovering gradually. |
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