I don't think that cryptocurrencies will be the reason to cause a financial crisis in the future. The main reason could be that FED's continually printing money even without caring about it for example. It is not good to print more money than needed. This will cause your currency to devaluate and it may even lead your country to enter a bad economic condition also at some point.
Cryptocurrencies with a limited and transparent supply are different from fiat currencies, which have unlimited supply, so inflation occurs every year. if this continues, the intrinsic value of fiat currencies will continue to decline, and this could trigger a crisis. but maybe that's when crypto has a chance to have a hand in it |
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I have heard that Covid-19 takes a u-turn and this time it will influence high than previously. The government as of now makes the moves and reviews the lockdown once more.
This pandemic already killed many people either through the virus or the deaths have been faked.
I've already stated that Pfizer vaccines are dangerous and the companies that made those will not be punished if something goes wrong.
Here on my country on where it turns out that this situation had become just been a normal part of living.People do really need to go to work despite of the current condition. We are already almost 2 years on this pandemic situation and lots had been affected and lots had been changed up.Economy had been greatly affected but we are striving or doing our best for us to sustain and withstand this current condition that we are experiencing as of this moment. something similar has happened in my country where for the past 2 years we have worked hard to make a living. there are many stories of suffering from various people, but in essence they have to live, so many are looking for new opportunities to earn money. and now conditions are starting to loosen, hopefully it will be easier to get money so that the community's economy will recover soon |
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When our income and expenditure are not proportional, we will complain about the market economy. But now the economy is picking up, and many companies and factories are slowly developing. Everyone is looking for more ways to get money. Complaints are also decreasing.
If the capitalist stops exploiting the people and the government works for the sake of the people, I think that we will eventually arrive to that point that there's no complaints because everything is in the right place but no matter how much we dreamed of this, we won't get a utopia, man will be greedy and will be envious and corrupt. in theory everything becomes very easy, but the practice in the field that we face is to meet with many people who are involved and have different characters, especially in the case of covid, where many officials are actually taking advantage of this situation to seek personal gain, we hope that the law will continue to be enforced and it can be a stronghold for people who will cheat |
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hello community members, am new in trading and run into problems recently with trading where i almost lost all my funds. i started trading with a single token i have made x2 profits within a week when i decided to trade another coin which from my analysis the coin have great potential because of it price at that time and that was the beginning of my lost.
what went wrong and what strategy will you advice i adopt that will help me in my future trading that will give good profits and minimize lost.
your views are appreciated.
For me, it is important to choose the best coin, learn how to trade and hold your coin specially when you are not earning but getting more losses. Crypto price is not stable so it is important to understand it and do not panic. for me we must first define our trading goals whether trading long term or short term. for the short term of course we can not hold any longer, and must place a stop loss area. it feels difficult, but if we study it continuously over time we will understand and have intuition naturally |
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alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.
This is true, holding is not an easy thing for everyone who doesn't have any funds in trading. But for me, it is important to manage your money and try to put an amount of money that is just for trading purposes only and do not sell your coins specially when you are getting nervous because of the price drop. by dividing it into several goals, such as trading and investing, it will be easier for us to regulate our psychology to remain calm. investing is not that easy, just holding the coins we have, but we also have to keep our psychology calm in any condition, not only when the market is experiencing a decline, but when the market is increasing, we must also remain calm, because floating plus does not easy to take care of |
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Most would prefer Bitcoin but that will be the premium choice.
If you want a cheaper but with lots of movement in the market then go for BNB.
You will hit two birds with one stone by doing that. BNB is used for cheaper trading fees at Binance or you can also just make it an asset.
Also, it is widely used by DeFi for cheaper transactions so expect volatility as it grows further.
As Ethereum is still in the phase of upgrading, BNB will dominate the number of tx's.
bitcoin is the main choice for fundamental trading, because bitcoin is the parent of all other coins in cryptocurrencies. I also agree if you choose bnb as an alternative coin, after bitcoin, because bnb has real and clear products that are always needed, even currently mastering transactions in cryptocurrencies |
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It's true that the price of cryptocurrencies especially Bitcoin is very volatile and it seems quite impossible to see Bitcoin can be used as a legal currency,
what is certain is that if you talk about conditions, of course there are many more as you have said
this is a problem that has always been debated from the start when a country or government wants to make bitcoin a legal means of payment. it is not surprising indeed because the main topic when bitcoin will be used as a legal currency, there are pros and cons, especially the volatile problem itself. The unpredictable nature of bitcoin and the uncertain market that makes it very difficult, that's why there are still many countries that prohibit bitcoin from being used as a legal currency, even though there are already several countries that have carried out large-scale adoption, such as the current Elsavador and Paraguay's plans. which will follow the direction of elsavador You are absolutely right because Bitcoin price is very volatile and cannot be controlled by anyone, that is the barrier why most countries in the world still reject Bitcoin as a legal payment. Therefore, when I found out that El Salvador legalized Bitcoin as a legal tender, I was very surprised, because it was a very brave decision. Now El Salvador is in the spotlight of all countries in the world, if what El Salvador is doing goes well. I believe in many countries following in El Salvador's footsteps, although indeed in the country of El Salvador itself the population there are pros and cons. I also actually support if Bitcoin is legalized as a legal tender, but not to replace fiat, because after all fiat is still needed its existence. el salvador became the first country to legalize bitcoin, indeed fluctuations became an obstacle for bitcoin to be used as a currency. especially with the pros and cons in the country, until some bitcoin ATMs were damaged by the masses, then this became a big decision by el salvador. but in my opinion if it is used as an alternative currency instead of fiat I don't think it will be a significant problem |
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True.
Another thing is because most houses and people in rural areas have a far allowance from each other so contact isn't that much, it only sums up that social distancing is very effective.
If the rural areas are more responding with the vaccination drives, they understand the importance of it. And as it goes with the food supply, they're more easily responding to the shortage with the crops that they have and they have a plan if there's a food supply shortage.
Agreed with the first part, but not with the second. The spread of the virus has been more in the urban areas. But as a resident of India, I haven't witnessed any large scale shortage of food items here. Maybe in other countries that is not the cases, but here the farmers have actually suffered from low demand and in some cases they were forced to destroy their produce due to low prices. A lot of people have lost their jobs and this has driven down the consumption. That may be the reason for low demand. There's a low demand, let us say that and there's not that much cases in rural areas per se. That's good for those places that can live for a quite a while to survive through what they have in those rural areas. It is true that the virus spread is more with the urban areas. That's why those rural areas that are not in the problem of the virus, they are free to live well and think not of any food shortage on their areas. in urban areas, many people work in offices so they are vulnerable to contracting this virus. On the other hand, with rural life where every day working is like playing sports, because they work in the fields, few of them are affected by this virus, and their activities seem undisturbed. but for food shortages, in my own country there doesn't seem to be a significant food crisis, everything is fine |
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As long as you work hard and work hard, you will achieve certain results. Research on the areas you are interested in has always been valuable things that make people feel meaningful.
The current era is the era of Internet information, and earning income is very violent and fast. Since the rise of the Internet, we can clearly feel that we have set our own goals and put more effort in related professions and knowledge.
Maybe you can share more about your work, and we can also give you relevant suggestions.
Making money online is not as straightforward as you make it out to be, for example it is known that the majority of those that tried to earn money online by becoming influencers or something similar fail and even those that do not fail to not really make a lot of money, it is only a minority of people that are making big money online, and as such unless you have what is necessary in order to try to bring big audiences then your chances of success are very low. Agreed, if you tell people you're making money online, they'll assume it's a lot of money because they believe it's easy to make a lot of money online. It was just funny before the pandemic that if they said that they were earning money online, they would say it was illegal, but now almost all workers are transitioning online because there are work from home opportunities. Earning money online is not easy; we all have our own strategies, but we must all exert effort. it's the same in the area around me, where making money online and never leaving the house, so many neighbors will talk about it, and view negatively the way we make money. but that changed after the pandemic, where making money online was a trend and many people no longer looked negatively at the way we used it. There are many ways to make money online, including crypto trading |
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I think bitcoin is now a product that is clearly visible, with countries starting to use it as a currency. on the other hand, with the price starting to stabilize, many investors are starting to believe that bitcoin is a real investment, especially now that it requires big influence and large funds to manipulate the market, and we don't see dumps like 2018
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this will take time , since the government did not completely asked them before this adoption .
Hmm.. this is a very valid argument. I have seen critics argue that the government should have conducted a referendum before unilaterally declaring Bitcoin as the legal tender. But I don't think that it was necessary. If the government is going to replace USD with BTC, then obviously three is a need for referendum. But here, they have given the people just another choice. For that, I don't think that there is a need. Those who use the US Dollar will continue to do so, and the only thing is that Bitcoin users now have the freedom to use the currency they prefer to use. things that are common in every government decision taken will cause pros and cons, causing chaos at the beginning. but in the end I think it is the power of the government that will overcome this, because the people of course have to obey the rules that have been set. I think continuing this decision is a good path, and will eventually get used to everyone to use bitcoin |
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There will certainly be a movie about Bitcoin at sometime in the future. It is already made such a big impact on everyone, that that fact is inevitable. The question is when will it happen, and will the production quality be good enough? Will people be interested, or will it have bad acting, hopefully it is a smash hit, so even more people invest in BTC.
Actually, before bitcoin was famous like this, there was a film that told a story similar to cryptocurrency, blockchain, but I forgot the title. but unfortunately movies were made before bitcoin was famous, so few people realized it too late, and understood what it meant after they became bitcoiners. if such a film exists for now, then I think it will be educational for many people |
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for me this called Stupidity , why joining investment that you don't totally understand?
it was a stupid move. I'm sure it only happens to some people. because at least everyone is new to the crypto market. they come with an interest or an offer from someone else. at least new people will look for information in advance about what they are going to buy. no fool would want to waste their money on something unknown. but this incident was widely experienced in 2018, where for the first time bitcoin set an amazing record so many of them thought that bitcoin would continue to rise and invest, but in the end there was a dump, so many people panicked to sell at that time with various stories of suffering , but for now I think new investors are smarter |
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Trading required good technical analysis, fundermental reasons should be the basis for measuring the amount that should be traded and for how long! Trading emotionally is synonymous with newbies and those that do not know how to manage risk and those who have not read, ask questions and come to logical conclusions. FOMO could be very strong, but rules of trading must be followed!
The fomo and fud phenomena are very emotionally draining for us, the least we can predict is market events when we have opened a transaction. Of course, when the trip suddenly happens for example, for example, we must be guided by the initial analysis, and must dare to make decisions. but sometimes there is a conditional trader, so he changes the strategy halfway. of all of that, of course, a trader's confidence in responding to the market is needed, of course they must take into account the risk beforehand |
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The crypto currency is the best source of payment for the porn related payments because most of the people involving in these activities like to be anonymous.There are some tokens are created for the sake of porn industry even my current signature campaign also provide the same technology and I hope these tokens have more potential in the future.
The ideas of paying with crypto for porn accounts are really numerous due to anonymity as a companion to avoid ethical issues and identity disclosure on porn platforms but that's mostly what happens in a time when technology is so heavily plagiarized and goods need distinctive identity for continuous production to meet investment needs. After adding enough ideas, there is almost no porn industry in the crypto platform as crypto and creators are aiming for the messenger of friendliness and less illegal activities. such projects seem to only take advantage of anonymous crypto developments, but unfortunately many porn projects cannot develop, because of course there are many obstacles that must be faced in order for their products to be usable. some of them are still few crypto users in an area, so it is less effective, especially if the government legalizes crypto, then I think it will be difficult to run a project like this |
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I would love to support the OP, but unfortunately different strategies need to be devised for different coins. There may be occasions where it is better to get rid of the coins when the prices are going down. An example is where it is known that a project is a scam and the developers have vanished without a trace. What is the point in holding such a token? Such projects have virtually zero chances of making a comeback. During my early days in the cryptocurrency sector, I made the mistake of investing in a few such projects.
For me, for tokens that are experiencing a pump, I will immediately exit the market, because I fear that after that a dump will occur and it will eventually be difficult to get back up again. many examples of such tokens, different for top coins like bitcoin, I guess by always holding it is not a problem. Therefore, for new tokens, it is better to take advantage and set aside some if we are still sure the price will continue to rise |
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My vision of dogecoin is, that without Elon Musk support, its price will stay on the same level, and as previously, will go up only several times per year, and then go back. Not like it will just survive, but it wont do anything or nothing will happen to it.
I doubt that Elon Musk will even pay attention to dogecoin in future. For me, it even looks that he is much less interested in cryptocurrency and is more focused on something else.
I think Doge will indeed be able to stand alone without Elon Musk's intervention like before Elon came. from the previous data doge still exists and is still at the top on coinmarketcap. I think Elon is just an influencer who only looks for personal gain, without caring about the next development of Doge. Therefore we must be careful when there is news and react to the doge market because of Elon, of course, don't be too greedy to respond |
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Almost every career, discipline or profession has its own hazard, risk and disadvantage. I hear many people who feel like quiting or abandoning their kind of job because of the risk they go through.
Likewise trading is risky too. For you as a trader, have you considered abandoning trading because of the high risk of losing money in your trade?
Do trading activity means we must know that we can lose our money anytime. Maybe if we can see a lot of people will answer wouldn't abandon their trading activities in this thread. Maybe take a rest is a yes, but leave it forever, i don't think we will do it. Because there are still chance to gain profit in trading activity, not only losses as long we know and use good strategies. besides that we must have a good trading psychology, so we will stay focused on the analysis we have planned. many of us are strong enough to hold the minus and are unable to hold the floating plus until we reach the target. it is a psychological pressure in humans, and we can now control it to know the development of our trading. when we misanalyze, then stopping for a moment and clearing your mind is the best way before going back to looking for transaction opportunities |
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to make it a 100x increase, I think it's only easy for new projects, where the price is still cheap and easy to manipulate, but it is directly proportional to the risk, therefore we must dare to take risks by investing in potential new altcoins, so we must analyze it carefully first. And when the target is reached, I suggest you to leave the market immediately, don't let greed dominate us
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if we are going to trade and choose the best coin, then I recommend trading on bitcoin, don't trade on new projects, let alone use all your capital. by trading on bitcoin we have several advantages including, bitcoin has the largest market capitalization, so it is not vulnerable to market manipulation, although it can also happen. On the other hand, bitcoin is the safest coin among other altcoins
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