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for now, crypto seems to be an amazing investment tool, but we can see that it is still difficult to make payments with cryptocurrencies, this is because in my country there is no clear regulation, even if it is legalized, I think if it is not for urgent needs , then it's a shame to sell, because nowadays we can make a lot of money from crypto
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That's a very difficult question. Like you said yourself with cryptos it is all about privacy and security. There are so many scammers and hackers out there that storing our information openly so our loved ones can find it is not an option, the security risk is just too high. There are two issues here, first we need to store the actual password and seed to access the wallet and secondly we probably need to give a manual for our loved ones how to actual access the coins. Giving access while we are still alive might not be the best idea because they could just take some coins if they need money.
The two savest ways would be to store all the information in a bank private box or with a lawyer if we make our will. If we have other important things to store than a private box at a bank would be the best approach. In the case of our death our loved ones would be contacted and they can access the box. It won't be a free service but depending on the size of our portfolio it's an important thing to do.
A will is the right choice to bequeath our assets so that they can be accessed by those closest to us, so that even though we are gone, we can still provide a good life for our family. you can imagine if our family can't access it, then the assets we have seem closed forever and can't be used, because no one knows our private key |
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I think it could happen, but what is regulated is not decentralization, it is more inclined to regulations in its use. if it is regulated, I think bitcoin will lose its original nature, namely decentralization and the advantages that exist in bitcoin will disappear, with decentralization we will feel free to transact anywhere and faster and security is maintained
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Starting point is a big challenge when it comes to Investment. There are people who find it difficult to start up an investment because what they have is not large. Start your investment with the little you have it will go a long way.
Expectations to have something big to start maybe delayed. Do you know what point you would have reached if you had started with the little which you afford?
Save some money from your salary it will help your capital bigger rather than waiting your investment grow little by little, Don't forget if you use your own money then practice to accept when you lose your money since you lack experience. Always do some research before you invest in some projects to prevent losing your money useless Therefore, using savings that are not used is better, so that it does not interfere with finances for daily living. Many people make the wrong investment, they are only results oriented and are not ready to lose. Things like this usually trigger panic sells, because capital money is obtained from anywhere |
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Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?
Your post is not clear. Do you want to know about trading platforms like Binance, Bittrex or Bitfinex? or you want to know about the Newscripto platform? Maybe you wanted to know about the Newscripto Platform. yes, Newscripto platform is a good choice for the beginner level, they have some great features for the beginner and learner. But for advanced users, I prefer to use Tradingview. Tradingview is the best trading platform with thousand of trading tools. out of thousands of features, I think we will only use a few indicators, and I think general indicators that are commonly used are like EMA. regardless of the trading platform, for beginners I think using basic indicators is good, as long as we know how to use them, so we can sort out whether the indicator works or not |
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Trading strategies cannot be used all the time, therefore we must always be students of the market, so we will always learn from the market, that way we will always be aware of all possible things that will happen to the market. people who feel that they can conquer the market, then they are on the verge of collapse, and later will experience disappointment
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Of course I want my country to authorize Bitcoin. That way I thought of course there were many developed countries that ratified it, so that for developing countries, it would only follow, to facilitate bilateral relations with the developed country. On the other hand, I can buy with Bitcoin without bringing a lot of cash everywhere
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What makes people panic sell can be caused by those who are just starting out in the cryptocurrency world, lack analysis, just go with the flow and don't have a strong stand in making decisions.
There is one more thing that makes people panic sell, they are afraid that the coins they hold will burn to zero.
In addition to new investors in the world of Crypto, Panic Sell can also occur for seniors who have not stable psychology, where the trader has actually been profitable, but not sold, so prices dropped dramatically and at that time there were many of us who had panic selling, so from it Psychological is very decisive. There is also for traders who have been profitable, but have not been targeted, they are afraid when at times market crashes, and finally they panic sell by bringing a little profit |
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Money or wealth is the dream destination of many people in the world
Religion is the total believe of a group people on a particular being.
Most or everyone in the world today in which I am included believe in accumulating of wealth and making money.
More than Half of the life span of the human race is centred on making of money or wealth.
Making money legally or illegally, accumulating of wealth is the believe of most people in the world.
I think you are wrong in the way you have described this. Money is a necessity, but it isn’t a belief. Everyone in the world is different, we all need money because we have to take care of our family , and also take care of ourselves by providing food and shelter and clothing, but it's not everyone that is ready to do negative things just because of money. It can only be said that you worship money, or you have the love of money when you are always ready to do immoral things just because of you need money, things like stealing, cheating and the rest of them. Some of us are different and we always have to work very hard and positively for the money we get, so that shouldn't be counted as the love for money or said that we worship money. the need for money can change a person's character, people have the heart to do something, because they need money to buy everything they want, money is not a belief like religion, but we can see that money that has money has good dignity, and seemed to be respected for his money. If we think about many people who are not aware they are worshiping money, because many of them are criminals for material reasons |
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if you are still unmarried and still don't have children having a single source of income online is not a bad idea, but if you are married and have a child having one source of income online is a very crazy idea. I speak according to the facts that are happening around me, where most of my friends who make money online are forced to look for other income in the real world when they are married. No, it's not a crazy idea in my opinion. Online income for some people can be used as a main source of income and some are not and this really depend on what online work you are doing. I can give you an example that Youtuber, blogger, and online-shop are much more reliable to meet your need and lifestyle than the income you get if you become a government employee. You can still invest some of your income online as a reserve of money in the future, it's up to you what you choose. But it might be a crazy idea if the online jobs they do are not able to make end meet so they also have to have other job in the real world. Some people I know (my friend) are blogger and youtuber with an average income of $10K-$20K per month. They are married and have children and I don't think they should get another job just to make end meet. So I hope you can think much more realistically than just making an opinion with your 1 friend's experience. many in my country as a youtuber, and they on average have a fantastic income. if we know how and are famous people, it seems easier to become a youtuber. this is technological progress, especially during a pandemic like today, of course, working from home is the main choice, and there are also my friends who actually quit their jobs to run their online store businesses, and currently they live quite well. |
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As long as you have the right education, there are lots of work you could do in crypto world. There are lots of full stack developer hiring in the space and stuffs like front end developer and back end. These are however are hard to attain for it requires education in universities as it is not available online. However, google offers some minor free classes for data analytics and could somehow land you a job. Some major schools at US are also offering this but with a subscription fee.
Yes I see that despite that there are different kinds of jobs created lately online with the advent of covid-19 pendamic, it has opened another area of life which is the need to be lettered that is to at least be educated and to know how to read and write. This is very important if someone can enjoy the benefit of the new kind of jobs found on the internet. If you want to be a blogger, that requires even higher intelligence to be able to source for information that readers will be fed with. All aspect of internet jobs requires people who are lettered therefore countries of third world would be disadvantaged in this aspect because of the level of education. countries with high levels of education will quickly catch on to technological developments, just like bloggers, or the crypto world. of course they will get information faster, because their environment is an educational environment, especially human nature that tends to like to interact, thus facilitating the introduction of new technologies by word of mouth. Of course, the topic of discussion will be different from people who are educated and those who are still low in education |
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to be able to trade well, then we must learn and seek experience in trading. this cannot come suddenly like we use bots, and this manual method will shape our personality, so I think it is the best way of trading, the main thing is that we don't give up easily with various conditions that will be experienced, because of course we will feel failure on one of the transactions
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technical analysis is a staple in my trading. With technical analysis, I can plan the buying and selling areas, so that the framework that I will implement is clear. and after that I can trade with that reference. but not only technical analysis that makes us successful in trading, but psychological trading is also very decisive, because not all of our analysis will be correct of course, and we must be able to see it
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from metatrader 5, after you open an account, then you can search for the pair you want to trade, there are many options there with a leverage system. so we can trade using the lot we like, but we must be wise in determining the lot. the bigger the lot, the smaller the resistance we have, so it must be calculated properly. you will benefit from trading on this platform
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between mining and holding are two different things, for those who have initial capital, have time I think choosing mining and holding will be better, because mining is like us working while holding is like we invest, mining is like getting wages, while holding is like we seek profit. but for those who don't have enough capital I think choosing holding we can make money because we don't have to buy 1 bitcoin
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Hello traders. What's your opinion could BTC kill banking system?
i don't think even in the near future bitcoin will kill banking system, cause of how many peoples are using bitcoin even government still not convinced to accept it, due to it's high volatility and it's have not any regulatory body. still a large number of people have no knowledge about btc and they don't believe this system. it seems that it has not happened in the near future, where bitcoin is still difficult to be accepted by the government. the basic thing apart from volatility is because of its decentralized nature, so the government cannot control it, therefore I think bitcoin can be used as an alternative payment tool to accompany fiat is already a good thing |
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In accelerating the process of adopting crypto to the community there must be government intervention. With the presence of the government, they can easily socialize cryptocurrency to their citizens by placing service advertisements on tv, placing crypto ads on banners on every street and being able to use famous influencers, so I believe Crypto adoption will be lightning fast.
it can indeed speed up the introduction of bitcoin to everyone, but on the other hand from the government's perspective, I think it is still difficult to realize it because of its decentralized nature, but if the government really legalizes it, then bitcoin will soon be mass-adopted and this has an impact on increasing the price of bitcoin , especially if it is an influential country that legalizes it, of course it will be recognized faster |
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at that time bitcoin seemed to be down to $3500, so and we can imagine if buying in large quantities that time, of course now we can enjoy it. but the psychological nature of the average person is not like that. when there was a crash at that time, many people were worried that bitcoin would bubble and become memories. but it turned out to be climbing again and making it more famous to this day
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At the beginning of trading we must also feel indecisive because everything we do seems wrong, and from there of course we experience losses. and sometimes this happens in a row, to get out of a trade I think it should be done until we feel calm, but to leave a trade I don't think it will make us a professional trader
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Everyone knows that for good trading you should control your emotions. Just because emotions are not good thing and it cause numbers of people to loss their money. Some people are in fear that the price will down more and more and due to this fear they sell at low price and loss their money. Emotions are very harmful. Sometimes an individual does not wait and their greed become a great cause of their loss in trading.
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