It is good to know that some of the financial institutions are trusting and holding cryptocurrencies because it is a proof that cryptocurrency is a good asset to store the value of our money. I think that the other major banks do the same thing like the central bank in Venezuela because it gives them a safe haven for their money and also an opportunity to grow their cash.
Central Bank in Venezuela holds Cryptocurrency because their country is experiencing a monetary crisis, so the Venezuelan government will most likely adopt Bitcoin there. Many believe that the parties of the World Bank now also glance towards Cryptocurrency, they want to adopt Blockchain technology for banking. First of all, these are just rumors. The central bank of Venezuela ( El Banco Central de Venezuela) never admitted that they are holding any form of cryptocurrency. These rumors are just spread by some of the media outlets, and as of now, we don't have any confirmation regarding this. Even if they are holding any crypto, it is going to be in very low amounts, given the bad state of the Venezuelan economy. It is true that Venezuela is currently going through a financial crisis and they are unable to import essential commodities due to a lack of foreign currency in their reserves. And Bitcoin is not an answer to their problem. What they are doing now is that they are trying to sell their gold reserves, to earn foreign currency. But one issue is that some of that reserve is stuck abroad and the government can't access it now. There is nothing like rumors in this world. If there is smoke then that means there was fire too. Rumors have not hundred percent reality but they contain bits of truth to some extent. Just because common people does not pay good attention to bitcoin does not mean the authorities and government people are also sleeping. Bitcoin is a way too important for surviving in coming days. |
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It's not right to blame the poor or underdeveloped countries if they have an high inflation issue this is because inflation problem can be anywhere and anytime. Inflation is the rate at which the general level of prices for goods and services rises and results in a decrease in purchasing power of a country's currency therefore becoming a poor country is not the only reason of inflation but because either excess aggregate demand (economic growth too fast) or cost push factors in which rich countries could happen too.
That is not true. Not all of the underdeveloped countries have a high inflation rate. Most of them have a normal range of inflation rate and I don't think that the inflation rate has a factor for them being a underdeveloped country because it depends on the government if they are corrupt or not and if they are doing some projects that can attract investors will eventually boosts their economy. But in the end, inflation is inflation. I mean even if a country has a low rate of it, still the people will be facing a lot of trouble and therefore, these common people should take some firm steps on their own for the betterment of living standards. These are the countries who need to invest in bitcoin so that they can improve their financial status and enjoy luxuries offered by life. They should stop depending on others. |
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Every crypto traders wannabe must focus on good crypto market signal, i believe that the perfect time for trading is when the sign of bullish thread is out so for you to know this you need to learn how to read crypto charts very well, learn trading first and trade once in a while, long term hold all the way for me
I also choose long-term investments now, but I allocated 5 percent of my deposit in order to learn how to trade. when I will understand that I can trade - I will increase my deposit on day trading. That is your clever decision for your long term holding and day trading because without any experience day trading is worse, as I have passed from this time when I used to do day trading and I lost my a lot of money but gradually I went on long term holding, also used a little amount for day trading in order to get experience. Now I am a good day trader as well as a long term holder. |
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I don't prefer to play on a crowded place like that because I am fast to lose my focus on the game if many people are talking or watching behind my back. I prefer an quiet place we're I can focus and think on how I will manipulate and do a strategy for me to win on the gambling. I also prefer to play on online because it is more comfortable and hassle free than going into a real casinos.
Yes they have players who wants to have a quiet place where they can play gambling because maybe they become distracted to the game they play because yes they have some people who there only to watch not to play gambling because they don't have money and I think they have some casinos are ban watchers to the player while playing to their behind or back of them. For those people who do not like to be watched while playing or get nervous, they should go for online casinos or betting platforms. Then there will be another choice to made whether to play with the regular currency or use some digital coin, my honest suggestion is to not risk crypt coins in such games and if at all possible, try to stay away from such stuff that just wastes time and money. |
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I don't know some place where you can play gambling using bitcoin than playing gambling online through the use of bitcoin. I only see people plays gambling using their bitcoin is just by online gambling and also online casinos etc. I think the reason why people choose this because this is more convenient and hassle free to go on an live casinos. If there is some casinos that uses bitcoin in gambling using live casinos kindly please correct me thanks.
So the best is to not even think about joining any sort of casino because the fact is all these sort of business want is snatching money from common users. Gambling is an addictive game but the side effect is it involves big money in it. You cannot play unless you bet your money. Common sense, we all want money and casino owners have no different desire. They fill their pockets from customers who lose money. |
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Why do you think that everyone is afraid that some of the new projects
some people without doing any research, They despise a project, which makes other people agree.
is this lack of literacy in the study makes them fail ?
Does this lack of information bring down a project, that MAY have a bright future ?
It is because of the people's lack of trust, Many investors, bounty hunters have been victimized so we cannot blame them for why they think the new projects are scam coming out today. And even though I don't believe in ICO Campaigns today even though they are transparent, there is a unique product because the chances of it being a scam are higher for me. Because I'm also one of the bounty hunters who is also a victim. It is easy to scam people when they are crazy about some stuff. Digital currencies are the hot topic now a days and provide an easy method to scammers to snatch money from people. This is the whole reason I advice to not go for the new projects. Besides what is the point in investing new tokens when we have options like bitcoin and Ethereum that have proven to be very beneficial for years. |
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The best bitcoin (BTC) trading strategy is one that is perfectly aligned to your own individual goals, risk appetite and available capital. However, there are a few strategies that have become popular with bitcoin traders. These include:
1. HODLing
2. Hedging
3. Trend trading
4. Breakout trading
Holding is the best strategy when you go to enter at the house. So maybe if you have bitcoin you can hold it so that you can get a good profit. Holding is best one that you can help to your self to become more patience. And easiest strategy to do. If only holding, even newbies who not really understand about trading can try it. With holding bitcoin we can wait only for good news that can make bitcoin pumped. And don't need to do deep analysis about it. holding is that trick which works hundred percent times. There is no way one can face failure by picking up this strategy. All an investor is demanded to do, buy a good profit promising coin like bitcoin and then hold it for a long time. During this holding duration he can go and do some research on the coin. He should also hold the coin for long to make big profits out of it. Trading is more beneficial but trickier too. |
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Of course you still can. anyone can still benefit from cryptocurrency. I myself have now proved it. if we have the desire and also a hard worker then we will get a big profit later. even though the market conditions are not as good as they are today.but if you are in the investment sector, market conditions will greatly affect your profits
Bitcoin has still a lot to bring and as you said, this is also one of the right times to buy bitcoin because we all know that the market is suffering a big drop at the moment. If someone wants to make big profits by spending small, now is his chance to do that. Bitcoin has always welcomed new investors and never disappointed those who didn't give up on it during downfalls. It is planning to put another show on the road soon. |
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I can only hope that most of the members of the Bitcoin community or of the larger cryptocurrency community joined the bandwagon because of these ideas. My hunch however is that more than half of the members of these large communities around the world are joining these communities for the sake of money or of profit. They seem not to care about these principles really. All they are thinking is that there is money here. All they need to do is buy and wait and the profit will be coming.
This in itself is already a big obstacle for the growth of Bitcoin and cryptocurrency.
Bitcoin controls people, I agree that many people tried bitcoin just gain a lot of money. They joined communities make them as their source of profit so that they will become richer. That's not the main purpose of the bitcoin. They don't consider the goals of cryptocurrency such as easy transaction and payments. They just focus on making money. They don't care about the goals, they just about their success. I think the biggest role that bitcoin is playing at the moment is also the one needed the most. Who on earth does not and to make money and that too easy money. I mean you can become millionaire by simply investing into some asset and holding for a short period of time and to top it off, you enjoy easy transactions, full control and anonymity. Bitcoin is that asset and we all love its profit producing nature the most. |
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We see that all the time in some countries cryptocurrencies are banned or in the contrary they start to make a special regulation. It shows that everyone want to do something with it but don't really know what, yet. Maybe you guys can guess, as experts from the crypto community, what do we need for normal living in a blockchain world?
The crypto market has exhausted its popular methods of making money, which has resulted in less or even no new ways to stimulate a person’s interest in digital currencies. Additionally, there is lack of risk diversification in the crypto market because everything follows bitcoin trend, generally which could make enthusiasts lose interest in the market because they are afraid to lose their assets and investments. There is also the issue of volatility, which is heavily plaguing the crypto market and which could potentially result in people losing a lot of their digital assets and investments. In addition to that, due to lack of education too, most people don't believe in crypto as they don't believe that this can be change the currency , they think that this is a big scam. Unless we introduce this to people and letting them know the benefit , I think that would help their perception. If we talk about scams then I think it is not the main issue. The biggest problem is most of the common people are still unaware of digital currencies. I don't know how come this is the case because biggest social platforms like twitter, Facebook etc have million of users and these platforms have been talking about digital coins for long now. Crypto coins will gain more fame if media starts talking about it more. Anyway, bitcoin is far famous than before and the day is nearby when we will be dealing with crypto coins only. |
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Why can't a coin with high volatility serve as money? What makes an asset or something act as money? Apparently, it is just agreement between the parties involved in the trade. Once the buyer and seller agree to accept even a stone as their medium of exchange, the stone now gains value and turns to be their money. All cryptocurrencies can act as money irrespective of their unique characteristics. What matters here is the agreement of most of the businesses to integrate them into their payment systems.
I totally agree with you. A coin with high volatility is already being used as money in few places of the world. It is all about people agreeing to use something as exchange medium for buying and selling. The volatility has to do more with grabbing customer at present. Though crypto currencies are gaining fame on daily basis, it needs to get worldwide acceptance in order to perform money function everywhere. That is just a matter of time. |
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The aims to join. Crypto currency bounty has to be to make money
You need to dyor and get your facts spot on as regards how much you can earn from the bounty
NB: that’s the typical thoughts of a bounty manager
But there is no need to get dis-heart because the saying also goes, ‘whatever happens, happens for some good reason’. It is better to get rid of scammers earlier than later. Besides, there are many reliable and efficient ways of making money with crypto currencies. If a person is not technical and does not want to work, he can simply invest in bitcoin and wait for few months. That’s how simple it is to become rich. |
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Never say technical analysis bullshit, if there is someone to say that I don't think he is have studied trading. I explain a little
about the function of this technical analysis can be for all kind of trading, not only for crypto trading. Its function is to predict
price movements, can also know the market conditions, determine the assets to be purchased, etc. I personally get a signal
trading from technical analysis that I did myself, from the part that I followed 70% of it earned profit. So it's very clear to me
technical analysis is not bullshit.
Your definitions and functions about technical analysis are precisely correct. In my own opinion, technical analysis is not bullshit because it is working and using this kind of analysis will really help you to make your trade more efficient and profitable. Honestly, It's been 2 years since i started do trading, and i always use technical analysis which is a great help in my trades. People who says technical analysis is not working are bad traders or people who can't earn from trading, that is why they say it is bull shit. I agree with you. Technical analysis can provide some good information that can help a trader to make right decision at right time. These analysis are based upon past data and have some reality in them too. Still if someone thinks that such tools are enough to become a successful leader in this field, he is wrong and should try to depend on his knowledge and intuitions too. Never make a move without thinking about it. |
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Hi all,
I want to invest some money in Bitcoin (long term investment)
It's better wait the next fall down (like the situation on December/January), or buy now?
Otherwise fixing a target for example 7000 or 8000 $ and buy in that moment?
Thank you in advance for your suggestion
I think its the time for you to buy now a bitcoin sir. Maybe the price now is good for you to invest now because i think bitcoin will gonna be goes up the price. And i think 7000$-8000$ bitcoin not go down like that price. I also think that a long term investor has the best opportunity at present to grab bitcoin at low price. Other than that, bitcoin only returns profits but the only condition that requires to be fulfilled is, never do panic selling. If things don't appear good, then just stop looking at the price every next hour as that can cause more chaos. Bitcoin is a big game changer. One can become millionaire if he plays his cards well. |
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even the best-trusted like Bitcoin, cannot compete with a dollar. It might go up or down, but it will always dominate our life, even if we agree that crypto is the way to live better.
As long as Bitcoin's price is valued in dollars, it's clear what the dominant currency is---that is the dollar in every shape or form. I not even for a second thought that Bitcoin would ever replace the dollar.... If we at some distant future see the dollar come to an end, it will be replaced by something yet again issued by the US government.... neither Bitcoin or gold will become a standard even though a lot of people hope for that to happen. Bitcoin is fine being an alternative. Whenever you need censorship resistance, it's there for you to use at any time of the day, while fiat will continue being the main standard of payments. When fiat came, gold was replaced. Similarly, now if we have crypto currencies that simply means fiat days’ are coming to an end. However, your concern regarding dollar is something to think about. In my opinion, it is not that US government is controlling economy just because bitcoin can be converted into dollars. There are few places where you can directly pay in bitcoin, no conversions required at all. |
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if China always cracking down bitcoin many investor afraid for investing with bitcoin because can lost their money with bitcoin cracking down by China.
That's not really the case based on how many Chinese investors have either crowded the local markets to buy Bitcoin, or found a way to use foreign exchanges to trade and speculate. I have read an article about how a lot of the Tether in circulation is held by Chinese investors. It kinda makes sense as well because it provides them the freedom they need to trade without fear of confiscation. I'm really glad that people in China don't let their government dictate their way to the degree where they can't trade Bitcoin anymore. People have that freedom with Bitcoin now and they happily use it.  Exactly, it is not Chinese people but the government that is not accepting bitcoin as they know that this can cause them losing control over public money. The biggest fear of any government is having no power our economy. Now Chinese people are not very stupid. They know very well what exactly bitcoin provides them and obviously no one with a little wisdom will lose such a golden opportunity like bitcoin. |
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Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.
Yeah Africa is good place where so many cities are now adopting new technologies and also bitcoin because they got to know how the rest of world is getting benefit from crypto currencies. Africa was under development ten years ago from now but the now it’s most developed nations and after arrival of bitcoin it has become among top 10 well developing countries. Africa is nothing out of the world or that part of the world is occupied by aliens. People like us are living there and they are also having rights of enjoying latest technologies. If crypto currencies are introduced there, I am pretty sure they will be welcome by them and people are going to make god investments in this industry. |
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This guy lacks both and besides what happened to the garbage guy is not common. Anything that you gained without breaking a sweat will be gone before you know it.
That is the sad reality—easy come, easy go. In whatever aspect, when you gained something that easy, then most likely, you're going to lose it that easy, too. But money wise, when someone has enough knowledge about how to handle finances, then he would be able to control his spending and have allocations for different things that matter. Though in that guy's case, he was a garbage guy so he didn't have the financial literacy. However, he had the money. It should've been easy for him to consult a professional to help him out to control his finances. But he didn't. If only he thought of it in the first place and not on spending alone, things would be different for him. I hope he learned his lesson. And this is a good reminder to all of us to handle or money wisely. There are many short courses available which simply focus on teaching people about managing their finances. This is important for all human beings to learn controlling their expenses. Those are successful who do not borrow money from others and also save some from what they have with them. Even if they want to gamble, gamble with small money for fun. |
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A lot of us here love sports and we are betting at the same time.
I am not successful in this kind of venture but I would love to know from people here on what they do in order to win.
They say that sports betting has no house edge, but why is it it's still hard to win here?
There are different ways to bet on sports betting and it's not just about who will win the game or sports. Sometimes you have to analyze the score of each game. So I would say it's all about analysis and no house edge on sports betting. Without dong your own analysis of teams playing a match, you can never ever put money on any team. Even if those who are trying to follow experts, also often lose money in bets and are seen going bankrupt of their savings. I am going to place money on the team which attracts me following my gut feelings and I often win money like that. |
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I also invest based on potential coins, I prefer to invest in good coins and also be in the top 10. So I think maybe we should do this because we are bored with the type of coins that are not developing and will only make us lose . so investing in cryptocurrency top rank coins is a good choice
This is very simple and effective strategy for the newcomers in the market of crypto currencies. Always invest into those projects that have great history and are supported by maximum investors. There are many currencies that could not survive downfalls and disappeared from the market forever leaving investors in loss and pain. |
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