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Everything runs over a cyclic process. With the cryptocurrency network same is the scenario. Here the risk factor is the process of identifying the market. It is impossible to identify the market trend. Moving every space or the cryptocurrency is more effective. Reinvest surely happens with bitcoin, but at the moment there is nothing as an opportunity for reinvesting.
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Right now El Salvador have taken the big step and has succeeded in it, though it has got opposition, riots, strikes. The growth of El Salvador will be watch by the rest of the world which are with the fear to take such a step forward. At present usage of bitcoin as an alternate currency and as a form of investment is found among the public. This perspective will change only if the people get easy access to different services using bitcoin. Maybe this can take some time period.
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It is obvious to see the Poor's suffering to be realistic fear than the rich ones. Because, rich has already enjoyed the goodness of being rich and if he's good then there is nothing to fear of losing and ending as a poor. One in thousand turn from rich to poor and this mostly happens by situation and bad habits. When it comes to poor, the fear is real. The poor have already struggled for his living and when he thinks if the same continues it is more painful.
Whether it is rich or poor, do the best of the ability and then fear runs far from them.
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More number of non-crypto people are getting into cryptocurrency usage. This trend has begun after the pandemic. Myself too had an experience. One of my school friend who is not into my contact for a long gave a call and discussed about buying cryptocurrency. Myself gave suggestions, and further he have invested on few of the low priced altcoins of his own. I gave details about few of the cryptocurrency exchanges that are providing legitimate service in my country.
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The bull trend in the market have turned bearish. How long this trend will continue can't be predicted. Right now it isn't the time to sell, because the market is in the state of fluctuation. In my view the present situation is to acquire more and more volume of cryptocurrencies, because over the falling months there is more chance of transition to bull trend.
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Cryptocurrency has made big change in different people's life. Majority of the people's life have changed big through cryptocurrency. Many have got opportunity, but the lack of knowledge and understanding had made them miss the life. Myself too had a big life changing moment, but I missed spending on gambling and not getting into trading and other forms of money making process.
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Every marriage is being registered on the government ledger. Once the marriage is being recorded to make a divorce is a series of process. Maybe this series of process can be made easier through the blockchain. Same as this marriages can also be recorded through the blockchain technology making the process of registering the marriage on respective authorities of the government.
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There were more other digital currencies even before the existence of bitcoin. Those didn't gain the attention of people. Those were also developed over some algorithmic platform, but bitcoin is the one that is much known to the people and has grown gradually through its phenomenal blockchain technology.
The major reason for the lack of legalizing cryptocurrencies is the fear of control. Even before legalizing the usage is big, if the same is being legalized automatically the adoption will increase drastically. Governments fear, this might make the economy go out of their control.
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Due to the pandemic around the world, more people have got awareness about it. My understanding about the market, if the covid-19 haven't prevailed around people might've not known about bitcoin much. During the pandemic people got an opportunity to spend much time internet activities. The bitcoin market experienced a boom out of the pandemic, and the people who made use of the opportunity have recorded their profits in a short time period.
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Few days back read an article stating the Google search engine having a rise in the search count for bitcoin. It was calculated that the number of times bitcoin being searched is three times higher than gold. The particular term that is being used is how to buy bitcoin. This itself shows the superiority transition from gold to bitcoin.
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The young investors on the market were with a mind to take risk. Everyone are well aware about the market risks, and some prefer particularly for its fluctuation which we can't experience with stocks. Another reason is the profiting, because what an user makes out of cryptocurrency investment can't be made through stocks on the same deadline. This too a reason for recent days increase in the young investors on cryptocurrency.
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Bitcointalk Username: romero121
Current post count: 8830
Merit earned in last 120 days: Nil
Your SFUSD deposit address [You can get it from the SmartFi portal]: SbALmqQ5KbUPZjAXFj1eu6VPi5j4SiXYnc
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Without the utility it's still a joke coin. I believe that elonMusk made some controversial moves by promoting this one and it may have direct proportionality to the trust the community has placed in this coin. if you hold this meme coin long before Hype elon then sell it immediately. doge coin is risky in the long run. I agree and I've been talking a lot about it, because an altcoin that is pump and dump and its price increases only because of the opinion or endorsement of a single billionaire person, so this altcoin is very dangerous, people don't keep thinking and if it's the same billionaire one day speak ill of dogecoin? What if the same billionaire one day tells everyone not to buy dogecoin? the price of dogecoin would go down a lot, that's a very dangerous thing, and you can't put money into something easily manipulated It looks like a dangerous pick, and it sits around 0.28$ which is 128811% growth from its entry price. Is this not a growth. Let it be a manipulated one or something organic. I find there is something with dogecoin. If not Elon wouldn't have manipulated it. Even now it is in the low price compared to more hyped cryptocurrencies. This makes me believe dogecoin to be a valued asset that can be kept hold for long term as a lucky one, because we don't know precise outcome as other top cryptocurrencies of the market. |
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I believe $48k will be reached in 2 or 3 days. I personally believe the market is bullish until the end of the year. although there must have been a correction before reaching $50k but this is bitcoin that was resisting now has chosen to own it, I really enjoy the drama that is happening right now.
All these we all do here concerning bitcoin regulations in price is assumptions, really, on my own bitcoin don't have a perfect assumptions or prediction, saying in the next two to three (2-3) days bitcoin will get into fifty thousand (50), the question is that how we sure of such prediction, cryptocurrency generally don't have to be trusted weather the prediction is beneficiary to everyone using cryptocurrency or not, cryptocurrency can't be given hundred percent (100%) assurance or sure because it's a digital currency, this is my own view towards cryptocurrency. Everything is an assumption which is connected with some events that take place during that particular time period of market progress. It is similar to the rest of the investments, there is nothing assured. When it comes to centralized form of investment, warning is provided prior to the investment. It is subject to market risks, do your analysis and go for investment. Right now the benchmark seems to be $55k by the mid of upcoming week. With this trend it'll easily cross $50k by tomorrow. |
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Bitcoin is more of a speculative asset than a currency. The speculative feature had provided value to it and caused multiple usage access. One among that is the usage as currency. Bitcoin in simple is the freedom to own your asset without depending on a third party services. It is also true that the market have reached such a level high through the speculative process. Now this has turned to from speculative growth to influential growth.
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Of course, that's how the market works, the more people knows about it and the more it becomes more pricey, it's just a basic supply and demand so it's pretty easy to understand.
Yes, it is completely the demand to supply that makes it more valuable. Yes, when 10k people had known about bitcoin the price was in single digit value. Later as the popularity increases there is increase in the market adoption causing increased usage than the previous moments. So, it is obvious to see the popularity of bitcoin making a big change in the society in terms of usage and adoption. |
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my initial goal is to save and invest, where if I save in the bank I get 0.1% interest / month and there is a maintenance cost
in bitcoin and others I can get 3-5x more profit than my initial funds, but is undeniable that when the market falls I have to wait a long time for my initial capital to return
This is the truth about the market and the real reason why on earth people tend to buy bitcoin over any other form of investment. Banks to the maximum give you 6% interest which is very rare to see. Those banks providing such interest will surely collect indirect money on different charges. My bank provides me with a 2.7% interest on my savings. When bitcoin has the ability to provide 3-5X multiple of the investment what to think further. |
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Most of the crimes happening with cryptocurrency were the scams, cheating. Mostly this happens as a result of improper understanding about the cryptocurrency, its usage and the real purpose. If we go deep into the core element of getting scammed, it'll be the expectation to earn big in short time. Most of the users who suffer this will be the beginners.
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