Pros of going cashless is the convenience first and foremost and the fact that you have less physical contact when doing transactions and you will just have to wait for it to be delivered. Cons of going cashless is that we are at the mercy of electricity, one outage in a small town can cripple the economy since it relies mostly on electronic transactions.
While for you having less physical contact with money is a pro argument, for me it's a con argument. I noticed that I spend money much faster electronically than I spend it as cash in my wallet. For me it is easier to control my spending habits by actually touching money. Hopefully cash won't disappear any time soon. - The chance of cash disappearing is very low when relatively small payments always require the efficiency and speed of cash while electronic and online payments have too many annoying points, processing and confirmation, account login, quite a lot of problems. In addition, the bank's system is not perfect, sometimes they also need maintenance periods to better serve, if we don't use cash, I don't know what we will do to process the payment in that time, cash has too few downsides to mention, an ideal product that fits and can't be eliminated |
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First Cardano have to push their Adoption rate. currently their platform has the lowest level and even loses compared to Tron which is in position 24 Marketcap. and then they have a chance to go up and make new ATH. but all that is still not enough to reach the price of 20$. it took a massive pump to get Cardano to climb really high.
Besides that I think it also takes some good big news to hit $20, even so it doesn't seem like it's something that can make the price go up, which obviously needs more effort for Cardano so let's see what the team will do - Overall, their team still doesn't come up with the best strategies, most of the information they give has been covered by more interesting information from other projects, to gain presence, they need greater competitiveness but their nature is too lacking in such strengths, a relatively useful proof is that their position is higher than many other projects but people's choices often go against their calculations, people prefer projects in lower positions but more effective and potential. Its sustainability is the nature of a currency for transactions and payments, not the nature of an investment project. |
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maybe a little bit true, because binance lists coins that they think are good and go through a fairly rigorous selection to qualify on their exchange.
and also most of the coins listed on binance have good development for the long term.
So investing in every coin here may be good but still has risks.
- If we see the volume of the user base, we will know they act responsibly and build trust among users very well, that can't just rely on luck and randomness, it needs a system of limiting mistakes at extremely low, their listing is similar to that of a psychologist, sometimes we don't know the next direction of the market, binance will draw a suitable path and refresh our thinking. Their style is aristocratic and quality styles, very few projects are delisted by them after being listed unless it has affected their users and reputation |
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Actually for beginners I don't think it requires a large capital first. we must believe that tomorrow there is still a chance. with less leverage means educating us to secure capital. therefore with real trading will help us to face all pressures in trading, and over time we can increase capital but with logical achievements
Beginners should never trade leverage. Get your emotions right and your discipline heads on first on regular trading without margins. If you cannot make it in that arena then you should not even try leverage. I hate those practice accounts people,,, you play with no money of yours at stake, of course you have no emotions. But when you see your losses in red, psychology takes over in margin. - Agree, trading without margin should be the approach for newbies, as you say, here market will help them shape this activity in detail and more time to test and reduce the risk for us to practice and adapt, and put ourselves in a more rigorous disciplinary process, almost after building the nature and good methods in trading spot, futures contract will be less stressful and also easier to manage. But emotion is something very obnoxious in trading futures contracts, losses and liquidations work on the principle of too much freedom, it causes too much psychological shock and emotional and money loss |
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Indeed, Bitcoin as an asset was able to show an incredible result of growth, which brought it to the first place among the rating of international companies. Yes, this is an amazing situation, which has not yet had analogues. Is this good or bad? I think well and even think that for Bitcoin, the capitalization of 1 trillion dollars is far from the limit and there is a high probability that the capitalization of BTC can reach 20 trillion and even higher. Why do I think so? The fact is that BTC can, to some extent, become a replacement for the US dollar, and probably in the next 4 - 5 years it can absorb most of the dollars, which will increase its capitalization. In any case, Bitcoin is now one of the most attractive assets.
- Many of your shares are probably a bit too biased for bitcoin because substituting a country's currency is a taboo and it hits the basic limit that governments allow, especially the US government is not a small system, their acceptance of bitcoin is still low and requires an alternative to dollars, that's funny. There is always an immediate ban on such intrigue, but I also agree that bitcoin is a project that is developed on a huge scale, the capitalization of each year is never low and it is estimated to increase a lot |
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In Ron Paul's view, bitcoin is money, and it should be taxed as such. How do you view this information?
This is happening already, most countries that have accepted bitcoin are already taxing it, it's not new, a tax is a responsibility, it's the lifeblood of a county therefore we have to pay, if we evade tax, make sure we do it well so we will not face a problem in the future. Bitcoin is regulated, therefore it should be tax, that's my view. - Taxes may be our responsibility but after we solve the tax problem, the government will take responsibility of someone who received money from us or they will try to delay the timing of many problems, usually here there are a lot of risks like being hacked and stolen and a lot of cases of scams, I still don't see the effect of government service, asking for tax would be relatively unreasonable. Fully catering to the participants will never have a story of possible tax evasion but unfortunately, the government has never done its duty to protect us. |
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This is a meme coin and by sending your money here you risk losing it FOREVER. Most do not understand this and spend their attention on such scam projects and I do not support this. Be smarter think one step further and don't waste time on it.
- An investor's basic knowledge is still enough to identify the chance that they will lose their money forever but you are thinking too simple and relatively underestimating a few issues, that is psychology and greed, maybe knowledge allows them to know everything will end in loss but greed makes their souls imagine victories with extremely low odds like one per cent. A few reasons to help them think this investment is not wasted, we also have reasons not to invest when shiba is just a meme coin |
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At this time the community in crypto has started to lose trust and is fed up with Elon Musk, because it has damaged the crypto market, it is proven that Elon's tweets are starting to be underestimated, and Dogecoin is slowly starting to go down, I sure if Elon Musk's influence starts to fade then Dogecoin will continue to decline to $0.2.
- The essence of the story wouldn't have been tragic if Elon Musk hadn't tried to show that dogecoin could replace bitcoin, theoretical text messages wouldn't be too convincing but his act of removing bitcoins was a mistake, his power to convince people also started to dwindle from that point on, dogecoin and those who trust him are also strangled. Above all, Elon Musk is also treating dogecoin coldly, maybe when such negative emotions gather and explode, many investors will try to liquidate dogecoin and no miracle will stop this price drop |
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to become a world currency, means replacing fiat currency. I think this is very difficult, we know that until now the government has not legalized it, maybe there are many considerations and calculating the advantages and disadvantages of BTC. and I think it is very difficult to equalize between poor, developing and developed countries
- The currency of a country is the heart and the road connecting the government with the people, besides, it also shows their public presence in the world, they also have sovereignty and personal products, the alternative will become an alarming indicator of the state of their existence, how bitcoin can break those principles and be accepted as an alternative to the nation's currency. The world monetary center still doesn't have enough space and tolerance for bitcoin, bitcoin is just a small topic in the global arena, not updated too much |
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A successful trader should consistently make money in whatever direction the market goes, whether up, down, bull or bear...there are lots of opportunities to earn money in either ways.
Rather than relying too much on indicators, just simply buy low and sell high for profits. If the market dips significantly you buy, buy again if it dips again... Every significant dip is a good opportunity to buy. You can also sell in similar manner for profits when price starts going up... This strategy works most of the time if you know what you are doing.
You funds could be reserved in stablecoin for gradually buy up the dips and selling high(if you need to). Do this multiple times and watch your stablecoin reserve grow.
It's important to only trader with what you can afford risk/lose, and probably use that for your learning experience. It's much easier to learn trading if you are not taking big risk(or gambling).
- I see the definition of a successful trader is not making money continuously, it should be defined in the style that people can lose everything but they will definitely live, they will preserve a large amount of assets and look at the last scene of each cycle, after so many cycles, experiences have been created and they will survive, making money despite the woes, maybe not continuously but with many cycles, their money will still increase very steadily while losers will drop drastically. Indicators in my opinion won't be as successful as experience and a personal fighting style |
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To understand how high will be liquidity of the coin it is necessary to check how many users have the ecosystem of the project. One of the best way to icrease the ecosystem and attract new users is airdrops.
Airdrop now is not a surefire way to attract new enthusiasts to a coin, because every coin that has been proven to be good will always be sought and targeted by anyone without having to create a program like Airdrop. - It will attract when the reward is at the right level for the efforts but maybe the airdrops at this time are too few such rewards, the projects are too passive in creating such programs, some professional groups hunting for good airdrops are also starting to get less attention, most of them are shifting their work to investing and trading. Airdrop is just an extra-curricular activity of many people, sometimes participating in a few cases of special interest but relatively few, maybe airdrop will be a definition that will disappear in crypto |
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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.
The government is the one who must be responsible for dealing with this kind of pandemic. as we know that they hold the right to make and enforce regulations, so where the effects worsen, the government should immediately evaluate their work. In my country there are also many cases that I think are even crazy enough to happen, such as the increasing number of unemployment and also high-ranking officials who even corrupt the covid-19 relief fund - Even if you know your government is corrupt, your responses and complaints are futile in the face of their power, we can only see some political machines will become very selfish during the Covid period, they are just trying to gain power and make more money, the support for the pandemic is very low, even asking others to donate to the covid funds, instead of taking money from the government. The economy may be weak but the elements of government are still very stable, it's sad that in these countries, looking at the way the US is trying, they really are the ideal home for us. |
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Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset). What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much.  There are plenty of countries already that has banned bitcoin and it is not so far from happening that every country will come together against bitcoin. It might be something we should be scared of but after all we still have the decision on what we are going to do with our financial freedom. There are many people who lives in countries where bitcoin was already restricted yet they still manage to find ways on how they can access and earn from it. The government might have the power to stop other people but there will always be some who would find ways no matter what. - Indeed, many countries have noticed the volume of capitalization being pumped into the crypto market, too much attention and when the media has been talking too much about crypto, the government already knows this time is in need of restriction but compared to many other issues, crypto is only a temporary threat and needs temporary solutions. Many people in banned countries are still quite comfortable with computers and phones in accessing bitcoin, perhaps the consensus of the governments is still too long to be implemented |
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...
my source of online income is only from the signature campaigns that I participate in... btw, last year I made masks and then sold them online at an online store but in the last few months, my mask sales have dropped drastically because people have started not wanting to use masks. - I am also looking for some additional income from signature campaigns, besides, some form of doing small tasks on some paid sites, it is also helping me relative when the economy is not optimistic. You're not the first to talk about huge sales drops from online sales, big businesses are also having a hard time when people's essential needs are food and health care issues, cosmetic items will not be favored, if you feel that you can no longer maintain an online business environment, you should switch to investing in crypto, quite a lot of opportunities to speculate and make money, quite useful method in the online age |
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there is great potential on Binance as the king of altcoins to replace Ethereum,
but if Ethereum has dealt with the problems they are facing, of course Ethereum is still not dead and not easily replaced,
yes even though Binance has good fundamentals and I think Ethereum is still very strong
- Ethereum may be very strong but somewhere, I see a lack of enthusiasm in their team, maybe they have been in that position for too long and no longer worry too much, suddenly a psychological barrier prevents the their growth and we can see that ethereum only tries when BNB is being talked about by many people. Such a lazy habit and little development will only give BNB more opportunities in the future, every year BNB will have new updates while ethereum has taken too long to give a perfect and user-friendly upgrade |
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Stop loss very important for daily trader so they can manage their risk and did not lose all tgeir money in one trade. They also usualy did not hold or doing swing trade. Time is very important for daily trader thats why they use stop lost if there are mistake in their prediction.
Or if there's a sudden market swing and dump that they didn't expect. That's why stop loss is a feature that helps everyone to avoid huge losses which have been happening for so many traders. They're forgetting to use this feature so that when their trade goes wrong, they would only have around 1%-5% of losses. And that's the percentage that most of the traders do and sometimes there's also a stop loss of 10%, depending on how much the trader sets it. - Too big stop loss levels are only for potential projects and have strong recovery after wobbles, usually experienced investors and traders will go in this direction, they know the market is threatening only temporarily, early stop loss will make them lose their ideal price. For surf projects and not too promising, the range of stop loss is as you said, relatively short to minimize risk and besides, we will have more time to arrange and prepare for a period of entry in a wobbly market, this is the advantage of those who know how to stop loss |
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I think investing with etherem is a very good decision, because etherem has enormous potential, and is very promising, currently ETH is the 2nd best altcoin after BTC, of course ETH already has a bright future ahead, especially now that etherem is a the network with the most crypto users, and is definitely the best investment in crypto,
- Even if we already know what features ethereum is starting to grow and spread its popularity more, we should still remember that we are in a bull market, the investment won't really be as promising as we expect, high entry point will increase the risk and the nature of the return will be lower, sometimes the freezing and sleeping state will trigger, we will confine a large amount of money when investing in ethereum. Investment will become a good decision when we process and give reasonable prices, can't just analyze and rely on the future |
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nothing is impossible here. in crypto even the impossible becomes possible.
In fact, if we look at Binance, it will be very difficult to fall because now Binance is in great demand by investors and traders because the prospects and fundamentals are very good.
Besides that, consistent burn makes Binance more loved by fans and I am one of them.
but it would be too much to say binance couldn't fall. Of course there are many risks that occur if we enter this world as well as binance which is very risky, indeed it is unlikely that binance will fall but we still cannot say that binance will not fall.
Of course I didn't expect this because I'm also one of the people who trade on Binance but just in case why don't we stay alert.
- Agree, the binance system is currently the platform with the most strong support and is honored as the great king of the exchange, a few stomps of it are enough to cause huge fluctuations in the market, sometimes I feel that its threat is much bigger than bitcoin because the control of assets here is so huge. Relatively worried and also wary about the case that binance will fail but I think binance has too many solid bases to exist, it is difficult to force it and cause failure unless binance intentionally let loose in system problems and wants to run away |
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A few years ago only a small number of people knew about the existence of bitcoin and other cryptocurrencies. Today literally everyone is talking about them from the world's top investors to housewives and office clerks everyone knows the use of bitcoin and their future is bright through investment bitcoin's long term investment is very profitable. It's a good idea to invest in bitcoins for future kids in addition to the long term investment your children will make a profit as they grow up and have a bright future.
- A pretty good prospect when we invest in bitcoin for kids but this choice seems to be setting the parameters too well, bitcoin is not as stable in the long run as imagined, huge drop in value is a common occurrence, in case things get worse in the future, the bright future that we have thought about in this moment can turn into darkness in the lives of children. I see stocks that will be more stable for the future, at least the top companies will not be able to go bankrupt, even rise to become top businesses, stocks would be more valuable to the kids |
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Many people had tried to do this but it was very unfortunate that once the market went down, they got crazy and panicking which leads them to sell their coins and sometimes selling at losing. It is really easy to say "I CAN DO IT" but just a talk and it changes abruptly, unless if you are a rich person that doesn't just rely on the market.
Only words can speak but in my heart it will not be strong when I CAN DO IT, that's why the so-called panic goes crazy because they are willing to lose by selling prices that are falling and this only follows a trend where they are afraid of losing money in large amount. It is undeniable that holding coins is not as easy as what we say, it still takes a strong mentality to face all kinds of temptations that occur in the market, not even once we have faced something like this but still this hand feels itching to sell at a loss - The main problem with this process is that we are looking at the value too often, it has formed a habit and when we notice the candles have a noticeable change, green suddenly turns red, it's going to be a very long day for us, put a lot of attention and shiver over each change but they were wrong. A holder cannot live like a day trader, we can't try to check the price too much, obviously this action can't make a profit, we are living to look into the future, ordinary days are the life of the holder, that will make holding very ambiguous and when we get to the top, that's when we harvest |
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