Depends on how you would define 'safe'. If you mean "safe from losses", technically it is not simply because currencies especially cryptos' market value are naturally volatile. Stable coins are not really 'stable', it is just that their market prices does not move that much from a price point unlike with other cryptos which often break barriers depending on market behavior. But indeed it would be less risky to invest your money with, in comparison with others.
If it is 'safe' from hacking, fraud, and the likes, that would depend on the network that particular currency is using as well as its security in general. Safer to invest, yes. Less risk of losing huge amount of money, also yes. But keep in mind that the bigger the risk, the bigger the profit, so quite balance things out depending on your aim as an investment. You should not expect that much of profit if you will be choosing stable coins as investment.
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It is somehow the same with other online bankings or wallets who claimed to adapt this technology but in reality it is just a three-way transaction and I cannot say that this is a direct adaptation. However, small things are better than nothing so I could say we can still count this one as one of the progress towards this industry's growth as a cryptocurrency. I hope that day wherein there will be actual online payments which would accept cryptocurrencies as mode of payment; those which are on the mainstream for such action to manifest in the eyes of non-crypto users.
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Simply because they are using "compensation" by means of swapping chains and tokens, for "improvement" of the projects. To some projects before, there are really investments which became better when they do this procedure because of smaller transaction fees and ofcourse, faster. But mist of the time, as everyone have mentioned in this topic, it is just an excuse that the project did not meet its expected 'success'. This is also evident to some of the p2e projects at this moments wherein they are changing their mother token to again attract investors, once the first one never did an impression to the market.
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There are tendencies investors are needing money to survive their daily living, and that gives them an option to withdraw their assets triggering a bearish trend in this industry. Possible right? The economic recession is bearish because of that is not much demand in cryptocurrency and everyone who is into the trading of Bitcoin is no longer investing more again so all these things are one of the things that contribute for this which compare rich constantly market so all these things have to be reduced when the team ahead is higher the higher than the suppliers of cryptocurrency
This is indeed another factor to consider wherein crypto enthusiasts does not have enough resources to continue their investment routines given that there is an economic crises to many countries around the globe. When the economic recession starts everything comes to constrict. Because everything in the world is related to money. When you don't have money you won't be interested in buying anything even if you need it. Because the financial crisis will increase. At that time only basic human needs are given highest priority. Actually when you have enough money supply will you consider different investments. In that case, cryptocurrencies will be no different. There all kinds of investors big or small will convert or spend their money. As a result, the market condition will worsen. The market will move towards a long bearish.
Yes you are absolutely right. When I have money, I have a different kind of peace in my mind. When I don't have any money, I am very stressed. When I have money, I like to invest most of the time. And don't invest if you don't have money. But I think if you have money you can get everything. ..... Which means we are stressing ourselves for something that doesn't even exist in any meaningful level. Simply because there are people in this industry who are making profit out of it which causes the stress from the situation we are currently experiencing. It would be nothing to all of us if we don't benefit from it.
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Depends on the coin you are planning to invest your money with. Not all Old coins have the potential; there might be a reason why it became old with a low market price (assuming that it is 'coz you are planning to invest into it), unless it is like Bitcoin and others. Check for market volume, demand and its popularity still or utility and check if it still has 'life'. There's no such thing as perfect time. Analyze and make a move whether to engage on a particular coin or not. But based on experience, those coins which are left behind by time, are having slightest chance to come back especially if it did not make an impact on its prime.
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~snip~ Are early adopters rich? It's safe to say yes if they managed to held the coin much longer.
It's hard to say because the idea of holding Bitcoin was very different in the beginning. Many wallets were lost because there were many issues with the early software, for example there was no seed phrase backup. Also, many people sold their coin when it was a bit valuable. But sure, if someone managed to mine early or simply buy later, and still has those coins, then yeah, they're absolutely rich right now. It's just not as obvious though. I think the earlier holders are not necessarily the most successful, especially if the main goal is not long-term investment for posterity, because they may have increased several times and have not been able to hold it anymore and choose to sell it. until finally they now wish if for example sold at this time. Therefore, those who are successful are those who are able to have prior knowledge, so they can take advantage of the bearish and bullish seasons well. It is surely hard for them to hold on numerous times Bitcoin and other cryptos' market value have reached different peaks but amazingly, there are people or early investors who managed to do so, and the answer to OP's question I guess is mostly no. If I qould be asked, I'm guessing that most of the early investors have sold their holdings before, perhaps the guy who traded his Bitcoins to a pizza? If you're familiar with it. Wrong to generalize but I think there are similar instances with other people of this industry. There's also this individual who accidentally lost his flashdrive containing huge amount of Bitcoins. People before were uncautious with it because they were still unaware of its potential at that time and we cannot really blame them; that's their money in the first place.
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I don't think there's a user who didn't even understand what inflation is, so I don't see any point from your post.
Avoid generalization, ofcourse there will be people or individual perhaps, who are not really aware of what inflation is or how it could affect our daily life. They may know it by definition, but they might not be able to comprehend it if no one will explain it in a more practical way. Inflation is simply a rise in the prices or marketable things;things we do use on a daily basis, things we desire to possess someday, and such. But it is not as simple as that, because inflation has implications with one's economy because it speaks for the 'purchasing power of an amount" such as your $1 5yrs ago could give you this and that, but due to inflation, your $1 won't be able to get you any, at the present.Hypothetically speaking. That's how it works.
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Logically, its price could fall as low as zero. Its market value is still something which is being controlled by demand, so if there will be no demand, it won't have a market value, as simple as that. But in line with the present, it is quite hard to think that its market price will stoop that low given how many people are currently using it either for investment purposes or transactions. Please briefly explain, why BTC can not be zero at present time?
Technically it can be zero at any given time.
because btc already has value/price and demand has also, gone from unknown to famous, to creating prices that vary (up and down) can be 0 if btc has been abandoned by the lover (in this case who knows when it will happen) Abandoned or let's say prohibited to be used(which has a higher tendency to occur in comparison with people initiatively abandoning such currency). Prohibition could take place if and only if, countries would do so;they have the power as well to do such action but ofcourse for a reasonable purpose.
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The only way I know someone could still earn profit in bearish market is through trading. Perhaps in Binance, there's this thing called 'Futures' wherein you may trade either ups or downs of the market but experty with market behavior is a must or if you have a 'signal group' that would be a plus point. Only problem is, this is way too risky especially if you won't be able to handle your leverage well. There are instances wherein users got liquidated within minutes befause they forgot to put stop limit in their asset, so be careful.
Scalping would also be an option because in bearish season, it is not consistent downfall; market prices are just having a hard time to brake support or barriers, meaning, market prices pumps and dumps in short period of time which could generate profit.
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I'm a beginner in bitcoin, I didn't expect bitcoin to be so cheap, if I've known bitcoin before, I might have bought a lot of bitcoins. but yes of course it's never too late to buy bitcoin, even though bitcoin is now expensive, but I'm sure in the future the price of bitcoin will be even higher.
If you are a beginner then the first thing you should do is buy a small amount of bitcoins every day or week. Of course it will not be felt on your finances. While it's still in a bear market now, the price of bitcoin may continue to fall for quite a long time. It's never too late for a future adoption and bitcoin is decades old and still exists today. Sounds cliché but for beginners, best thing to do is to know what they are engaging themselves with. It is easy to put money into something but accepting high risks of losing money from doing so, especially if you are already at that point, would be problematic if you won't be prepared for the outcome. It won't always be a winning investment. Market volatility alone does not determine assured profit. Also, surfing for more would be a better idea. If a beginner would be also awre of other cryptos, cryptoactivities, market behavior and such, it might help him learn and create his own tactic in this industry to lessen the risk of losing, nd to increase ways of earning not merely depending with buying and selling.
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Foolishness to some but reasonable to others. It is true; you'd only lose in an investment once you chose liquidation of your asset or by spending what you are holding 'coz that would simply mean you sold your asset for a low value. But as we all know, we have different circumstances; there are times we would be forced to prioritize other things such as if you are needing emergency money and such, there would be a tendency for you to let go of your losses or idea of gaining profit from enduring down market. Point here is, no action is wrong as long as you won't regret it afterwards and as long as you have a valid reason you yourself won't question about. That's your money in the first place and only you have the rights to make that 'move'. If you have other resources and you are that determined to your investments, ofcourse it would be better to avoid using your assets especially at this situation we are currently experiencing.
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Despite of the issues we are currently experiencing right now, as evident in this industry, it is indeed amazing to see that adaptation of this technology continues. I wonder if the image was captured recently, 'coz if it is, that would be amazing. In my area, there were small businesses who started accepting ethereum, and Bitcoin, as an alternative mode of payment but unfortunately, little by little, those businesses eventually stopped, probably because they cannot take the loss that much especially now that the prices of raw materials for their business, increases, and the market values of most cryptos are still down (in comparison with their market price last year), which makes it more sad. Hopefully, more people would engage adapting cryptocurrencies to show support for its continuous growth towards future
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Not the best season for meme coins, I guess. I mean, ofcourse if you have the resources, trying would be good but if it is limited, try to atleast avoid for now. The market is currently torn between dip and recovery. Big coins are having a hard time to recover which makes sense to think that it would be harder for smller ones. The point is, picking a coin that would give you profit once bullish season starts. At this point huge names in this industry are the ones which are more expected to lead the pump. Usually, non utility tokens only follows the trend. So if the demand in the first place is not stable, I think it would be a risky choice, just at this moment. Wyt?
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The idea is good but I have used metamask before for P2E purposes and I had issues with transactions wherein there are times of delays and not to mention high transaction fees. Bitcoin adaptation will be useful, much more if other factors will be also improved. Also, as other users have mentioned, chrome is not as secure as other or traditional exchangers or wallets, so I guess it is also something to consider.
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Economic crises seems to be bottomless at this point, if I would be asked, one factor which affects continuous increase with the things being sold to the market, us simply demand triggered by bigger number of population nowadays. More consumers means less resources, right? So I guess this is valid but feel free to correct me anyway. I've connected it to real world situation because what happens on a daily basis, also affect the prices of cryptos. Patterns on the other hand are not hundred percent reliable, it is just a guide and being prepared for the "possible" downfall, would be really advisable always.
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Definitely depends on your perspective as an investor; some are more excited with bearish market while some are looking more on the opposite end. It is quite a matter of choosing your own poison given that there's no assurance of profit eitherway, that will solely depend on your analysis of the market. How on earth you can thought bear market is important? No one want Bitcoin price always decrease since most people buy Bitcoin to get profit by holding it. Only few groups are want Bitcoin price suffering bear market, it's government, country who ban Bitcoin, groups that say Bitcoin is haram, etc. If Bitcoin price always keep rising everyday, no one will afraid to buy Bitcoin and everyone will thank to Bitcoin since their investment always 100% successful.
I do get your point, but as you've mentioned, some investor are holding and that is on purpose, especially during bearish season. They are willing to wait for that pump to harvest their profit. Most likely, they are 'bigger' investors who can afford seeing a red portfolio.
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Usually countries issue specific bans on the use of bitcoin and generally gambling activities are always overlooked by this rule. And if you look at some of the well-known casino licenses, they prefer to register the company in somewhat crypto-friendly countries even though they basically operate or accept the majority of customers in their own country.
Use of cryptocurrency as a mode of payment is still hard to promote to many countries and allowing gambling activities, indeed, is a different case. Bith are not widely accepted in short, but if we would be looking on a bigger perspective, both of these things could really work. Since gambling in some countries, is prohibited, anonymity because of block chain could be an aid for the gambles to continue their 'hobby'. Gambling on the other hand could boost the use of cryptocurrencies with online transactions. From this picture, it could be an example of a domino effect and direct exchange of benefits from one another.
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My first priority was to give up fast food consumption and the habit of eating in special places such as restaurants. In addition, I follow the discount days for grocery shopping. Also, I've reintroduced old methods such as canning into my plans. I can't do anything more. What I can do about it is limited because after all, I cannot go hungry. We can somehow overcome the energy crisis by making more effort and avoiding a little extravagance, but there is nothing we can do about issues like climate change. The energy crisis should remind us of the issue of climate change and enable us to take action against it now because global crises are creating problems beyond predictable events. It is quite sad that people have to adjust their budget even with food, which is essential to human beings. This is simply how bad the situation we are or most of the people are experiencing. But to be back to the topic, Avoiding fast food chains on a regular basis would be really helpful in saving, it would be much better to cook at home. But still, if the prices of the raw ingredients are also affected, savings won't be enough to cope up with expenses, counrry leaders should really move to aid the situation for real.
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This is simply a resort which would accept cryptos or Bitcoin to be more specific, a mode of payment. Indeed a great contribution with crypto adaptation but people in PH are mostly unaware of what this blockchain, really is. There's still this image of it being a "fraud" due to instances wherein investors lost huge amount of money from investing into it. Also, there's no assurance yet whether this plan on the article would last for a long period of time because in the same country, there are establishments who once accepted such mode of payment but eventually chose to stop.
Quite unsurprising still, the days for this technology is still young and is still separated with stocks. Businesses who would use such payment method will have a hard time dealing with volatility and maintaining profit for their businesses given how fast market prices moves, especially during bearish market, wherein they will either be forced to just hold, or to 'stop before it get worse' situation. A matter of tolerance with this market's nature.
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Memecoin is a 'meme' coin, no matter how you look at it. If I'm not mistaken, there's still no utility for this one likewise with other cryptos of the same category. Most of the time, coins of such are only good for a short period of time, and once the hype cools down, it will have a hard time to be back on its feet unlike with utility tokens and the others which has specific functions. But to be clear, I am not ignoring the fact that it could really be profitable to invest, what I am trying to say is to take extra caution with betting your money to tokens or investments. Goal is to lessen the risk of losing in an investment.
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