I will retire if I have 60 BTC, I will open a shop in my city that only requires 10 BTC of capital. 50 btc leftover from that I will invest as my long-term investment. You can use these assets to buy some good Altcoin like LTC or BNB. Do not invest in just one coin because it is very risky.
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We should not be too excited that the governments are showing interest in Blockchain Technology as we all know they never wanted this and if they did, know they are using it for their own personal gain which destroys the term known as “Decentralisation”.
How can they destroy the decentralization that exists on the Blockchain system? I think Blockchain technology will always be decentralized, which cannot be used as centralization. The government's use of the Blockchain system I think is a step forward for the world of Crypto.
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Getting rich will not happen with just a snap of your fingers you have to learn a lot, suffer and even lose a lot before making that happen but that would depend on you if how much or in what way you are going to do your crypto, is it going to be trading? Mining? Investing for long or short term? Those kinds of stuffs.
But if you invest with Bitcoin as a long term then buy BTC now and then hold it until a few years later, I'm sure your assets will double. To get rich with Bitcoin you need to do several ways to increase your Bitcoin balance, like Trading or Mining.
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Fiat money will eventually crash and become worthless, If people will use Bitcoin to transact in their daily lives then I believe fiat money will soon disappear. If later all countries would adopt Bitcoin and they would repay state debt using Bitcoin, I think it could happen in the future then fiat money will be worthless.
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The volatility of cryptocurrency add ups both excitement and fear for the investors. You can consider it as a risk already from the very beginning you enter the crypto world and invest on it. Its volatility can be a source of fear whenever the price is going down continuously and has a high gap from the former price but you can consider it also as a source of excitement whenever the price is starting to grow while you have high holdinhs and bought it for a really low price. Just stay careful here in crypto always to make sure you make the most from it.
Actually the volatility of Crypto prices are two sides of mutual benefit, you can benefit if you have Crypto then the price goes up, it will benefit for you, whereas if the price drops then you can use that moment to buy more Crypto. Crypto price volatility is indispensable in the world of trading.
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Although ICO / IEO projects often fail, investors' interest is still high to invest in ICO / IEO projects, because they still believe there are projects that are really can make them profit like in last 2017 project. I as a Bounty Hunter will also continue to follow the Bounty program provided by various projects at this time.
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Maybe BNB could be the right choice if you sell your Bitcoin to Alt. Binance is a project that until now there are still many customers trading there, and of course their own coin, BNB, will continue to exist in a high volume market. I personally have bought some BNB for my long term investment.
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conditions that make us worthless I feel the influence of inflation from fiat money, printing money with a very large amount can make fiat become worthless like that.
Correct, inflation is the most serious problem in state finances, if inflation occurs then the currency will be worthless because every time we want to buy something then our money becomes less, not enough.
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In my opinion this is only a temporary decline or price correction, after this decline we will see the price of Crypto will increase again. Now the market price has begun to recover and is ready for the next increase. Don't miss the moment to buy some potential Altcoin like ETH or BNB.
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Bittrex has always been an Exchange that already has a high volume and many customers are also there. In past I also often use Bittrex as my trading place. When I was a beginner I learned trading from Market Bittrex, Bittrex is suitable for beginners because it is practical and easy to use.
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I don't know what mean by China president with adoption blockchain bitcoin or altcoin as legal transaction payment, we want to play with bitcoin price for get profit or just playing drama with bitcoin and altcoin price, if they are serious want to adopt bitcoin maybe China president have asking for their institution for prepare needed to adopt bitcoin and altcoin transaction, but now still not have seriously how to adopt bitcoin in China.
What I know is that they only want to adopt Blockchain technology, not want to adopt Bitcoin, because they will most likely make their own Crypto for use in China. But if later they want to adopt Bitcoin I think it is a good step for the world of Crypto because it could be that the price of Crypto will increase.
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it could be that your guess is correct or slightly misses. the possibility of mid-2020 will be a determinant of the fate of bitcoin whether it remains in a bearish condition or leads to bullish. for a while we see the progress until the end of 2019.
I personally believe that in the middle of 2020, the price of Bitcoin will be in Bullish market conditions, now we can see the signs that Crypto market conditions will enter into a Bullish condition where in the last few days the price of Bitcoin shows a significant increase.
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In this era, it is very easy for us to find a trading platform, because now there are many available various good exchanges for our transactions. As a beginner, I advise you to choose a popular Exchange which has a high volume so that you can easily choose coins there. I suggest you to choose Binance Exchange.
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This is because some government regulations still prohibit using Bitcoin or Cryptocurrency in daily life. Limited access like this only makes Bitcoin and Cryptocurrency just being a digital asset. So I think we need time to look Bitcoin /Crypto can be used as a daily transaction tool.
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I don't think mining with the current price of bitcoin is profitable since the blocks is already high and the lesser the supply will be harder to mine. But if the price will booming after the halving, the miners today must be rich in the future, so if the miners trust the price will be boom, it's not bad to start mining right now before everybody will mine after the price high
In my opinion the reason because Halving indeed make some Miners return to mine Bitcoin, as our friends said above, the level of difficulty will be more difficult so that the rewards given are also small, although small but the price of BTC is high so the money we get is also large.
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Well, I'm found a trading platform and they also have their potential token in the future, Beaxy Exchange. Yeah Beaxy Exchange is one of the new exchanges which is more practical and easier to use. Their token, BXY, is also very good, currently the price is low and I'm sure in the future the price will increase. Maybe you can check it.
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If I were in your position, of course I also would use my assets in BTC, I would not use 50:50 but I would use 100% of my money for Bitcoin. I also have read a topic that says there will be a global crisis in the future which will cause the US Dollar to collapse. So to anticipate this, it is better for you to make your assets in BTC.
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Bitcoin and Ethereum have always been the best choices for long-term investment, but If you want to become a short-term investor then choose coins that have high volumes in the market, in popular markets such as Binance etc.
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All things must be learned first to be able to invest in cryptocurrency because if we only hear people's advice about altcoin which is good is the same because we also can't analyze it. and in my opinion right now the main thing is to learn it. and there is no word "safe" for investment in cryptocurrency. Even altcoins that are said to be the best also carry risks. so indeed you must be prepared with all these things
Investing in the world of Crypto is indeed full of risk, but by choosing the right coin, which has a high volume on the Exchange, it can reduce the chance of loss. Indeed, at the moment it is very difficult to analyze which coins are right for investment, because Crypto price movements are still not stable.
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We have come across so many national currency becoming worthless and recently we have heard the news of barter system in Zimbabwe due to the fall in the value of national currency but what really makes the Fiat worthless? Is it corruption or war or national economical crisis? Or the National GDP which makes it fall?
I could say that Fiat is really worthless in cases like Zimbabwe that their national currency became so useless that most of their savings was destroyed and left them bartering for daily needs due to inflation, that is why governments should prevent this kind of incident because it is not good for the economy and individuals. That's because their country's economy is hit by inflation, which makes their currency lose value. The government must be able to limit the circulation of currencies so that inflation does not occur. If you use Cryptocurrency, we will be safe from inflation.
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