If everyone around the world gets into cryptocurrency, do you think it will even help in solving or lessen socioeconomic problems? Can it be used to buy goods from other countries? It is fair to say that crypto will help a lot of people but what will it do to one's country? Will it help improve a country's economy?
I think a bit more of it's improvement will surely help solve economic problems. But as long as cryptocurrency remains volatile which it's used to be, then it would be hard to be accepted by large establishments for transactions. I think the economic improvement with crypto is very little and usually belongs only to big investors, with ordinary people and having little money, what I'm seeing is that their economy has started to get worse. This piece of cake is not easy to eat as many people are thinking, the risk is still too large, many people have regretted when they invest too much in crypto, crypto not only does not help the economy, it even increases unemployment and bankruptcy, everyone will probably wake up after this storm |
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As a matter of fact ethereum's price does not disappoint me since it will recover soon. There are lot of supporters of ethereum and lots of developers are contributing the ethereum core code. So no need to worry about it will gonna be fine one of these days.
Well, a very positive and you are trying to justify your fear, you are trying to create for yourself a belief that eth will soon come back and recover but the fact is that this story can not happen in the present stage, market conditions are too bad and bloody. The price of eth is not only disappointing, it even made me desperate and almost lost all faith in the crypto, no one investor can calmly continue, you can not be an exception, anxiety and want to cry is a common atmosphere of this market |
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Right! The bounty hunter is not a beggar at all. They do not invest money but still get the money and free coins. In order to do so, hunters have to work hard to find good bonuses. Successfully participate in signature campaigns. This takes a lot of time.
Agreed, although the bounty hunters do not invest money in projects but they still invest a lot of time to complete the tasks of the project, they are more hardworking than any investor, they contribute and receive the reward is correct, there is no reason to say they are beggars. The beggar is only for those who do not contribute, lazy in all activities and waiting for others to donate money to them, bounty hunters have no similarities to this, saying they are true beggars is an insult to them. |
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Hey,
I have been investing in some btc recently and i have seen that in my country i can pay for example in a pizza restaurant (when i order online) with online coins.
Do you think that btc will become the future currency of our world?
that is very difficult there are many discourses and posts that bitcoin will beat the dollar as a global tool of payment. but until now this has not happened, we all know very well that every country will strive so that bitcoin does not become a commodity to defeat fiat Everything about the bitcoin would be our future currency just rumors, big investors just want to use this to make bitcoin more popular and help increase the value of bitcoin without anyone doubting it, and they are really successful with this. A lot of people believe, actively and buy more bitcoin, and big investors are still slowly pumping the price of bitcoin up and up then they gain the necessary profits, and we get lost, they're turning us into jokes, the current situation has helped me awake, bitcoin forever just a tool to invest and make money, the currency is just bullshit. |
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no one can know the future of the market how and all the possibilities of the development of crypto currencies depend on the investor's own conviction and patience are the keys to market progress in developing
In just the last two days, I think people's beliefs and patience have collapsed and disappeared, bitcoin and the whole market where we put all hope and money, it was bloody again and took away a huge amount of money from us. Grow and become our future, to me and to many people here, the victims of this game, future development is just a dream that is not real, there is no good future here, rumors and false news make us believe, and now we need to pay for that blind faith, lesson this time really too expensive |
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I lost my hope with many asset kind still holding in my wallet, I know is hard because many altcoin and bitcoin have drop price, will have miracle of bitcoin could be strong back to higher price at the of this year ?
Don't wait for a miracle, right now what you need to do is to buy more or just keep on holding, selling will just make you lose more. Just hope for a good bounce back just to recover our losses and don't hope for a bull run or more likely a hype. Breaking the support wall just indicate two things, either it will pump or dump more. What I say is probably very negative but I think we should not buy more, we should even cut losses if our losses lie in the extent that we can accept because from what this market is showing now, I strongly believe in the idea that it will continue to fall deeper. Whale groups are trying to kill all investors, we have become the animals they raise, and this is the time they harvest, although I do not want to believe this but reality has made clear it all, they are the boss of this game, we are just losers and prey |
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I was surprised at ETH today, prices are falling to $ 179 and ranked No. 3 on the market. After years of standing at No. 2 now ETh has been occupied by XRP and as such I think we should consider before investing in this market.
The current value of ETH might be a good timing to invest as its really falling but it's no longer surprising since bitcoin and almost everything around the market suffer the same thing, always take side where you can see some advantages, believe that bounce back will happen it will take maybe much longer time but in anyhow it will happen anyway, take the risk and always be positive from your position. The decline has been going on for a long time and that makes us no surprise about the price of eth, it has continued to decline, which is something we have anticipated, and now everything has fallen into a very bad situation. I'm sure people will not listen to your advice, they will not dare to risk or think positive about the market, risks and losses are too terrible, signaling a bad future for crypto, so I will sit still and find a way to get out of this place as soon as possible |
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I have never invested in a top coin like bitcoin or ethereum. Because their movements are very fast, it makes me doubt if one day will drop dramatically. I prefer to invest from below and can see a significant increase and generate multiple profits.
When we invest in the altcoin at the bottom, we can really get very significant profits when the space for the development of these altcoins is too large but in return, the reliability is very low, the value of these altcoin is very easily reduced and controlled by others. Invest in the altcoin below as we are gambling, I really do not like this, I like the altcoin at the top, rank high, their value is very stable, although the profit can not be too high, but if we know the analysis, we will earn money very often and easily. |
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Trading is a story not about luck, it is a story about hard work. if you rely on luck, then you play the lottery
True. We are not the gamblers here. Most of us have to spend at least 5-7 hours a day to do this job, and some guys almost live with trading. I suppose, that this is one of the most difficult jobs. Totally agree, if we only rely on luck in trading, we just are gambling and failure is a certainty, luck is just one element to winning in trading but it is not all, trading still needs many other factors to make us successful. And the most important factors are probably experience and skill, these are all things that can bring victory to us, so if we fail in trading, we can only say that our skills and experience are not enough, we should never blame luck, blame only proves our lack of professionalism and ignorance |
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Three things we should not do when bitcoin prices drop such as:
1. Panic selling.
--------> we should not panic to sell all our bitcoin because it will resulted to a big dump of bitcoin.
2. Not being patient
-------> let us always look at the positive side of bitcoin that in every dump it will eventually goes to it's price higher than the what we expected so all we need to do is to hold our bitcoin and have patience to wait until it pump again.
3. We shouldn't be afraid
-------> in a crypto world all we need to have is the courage to take the risk because with that risk we will learned a lot specially in dealing with the ups and down of bitcoin.
In normal times, if you say these things, people will feel very easy, anyone can do it but when we face unexpected situations, we will not be able to do it, our psyche is very easy to panic and out of control, losing a large amount of money in a short period of time is not something that people can endure. And so, I think what we should not do when the price of bitcoin drops is that we should stop observing and checking the price of the market, forget the market and come back after the storm is over |
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In near future, I think Bitcoin still in number one. It is hard to replace Bitcoin with another currency.
Bitcoins are an important role in Cryptocurrency. It's same as common currency for exchange.
i agree on you mate, bitcoin has doing the most important role in cryptocurrency and mostly all altcoin prices are based on bitcoin price movement. Bitcoin just need adoption to increase the demand everyday. until whenever bitcoin will never be defeated by any coin because all the coins in the cryptocurrency are based on bitcoin so the price of all coins depends on the price movements of bitcoin. Yes, bitcoin is actually a king that can not be defeated or replaced in this market when it is where all altcoin needs to step over if altcoin wants to grow, and with such an important role, altcoin is almost incapable of defeating bitcoin. In addition, the number of bitcoin fans is overwhelmingly altcoin, it has got the reputation and credibility right from the initial stages, altcoin wants to compete with it, that's just a joke, the distance between altcoin and bitcoin is too far, nothing can compensate |
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I would rather see a slow and steady growth rather than a strong upward spike. We all witnessed the insane parabolic rise which happened during some time in November to December 2017 and we all know what followed through. We are still experiencing the effect of the hype until now but the stable current price of BTC shows a strong support which is a good and healthy sign in the crypto market.
I know you like stability and safety but we will need a very long time to get the profit we want, I do not think everyone has the patience to wait, most people will like the strong spike, although this can bring a lot of side effects after it's over but we will definitely get very quick profits. And then we can withdraw from this market if we want, in your case, everything can slowly come up and stabilize but I can not know when it can reach its peak, people will be very upset with that, typically the current situation, too slow |
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COMPANIES IN JAPAN PAYING SALARY IN BITCOIN
This is very good for bitcoin and also altcoin if all contries like Japan become crypto friendly then crypto world be amazing for crypto lovers and many will become millionaire and billionaire
I am waiting for this realization to take place immediately in all countries, not just Japan because when all workers are paid using bitcoin then bitcoin will be the main requirement. Although this is a good idea and it helps many people to start working and understand more about bitcoin but I really do not like paying the salary with bitcoin because the value of bitcoin varies so abnormally, holding too much bitcoin is really a scary thing, I like cash and then I will have other plans to invest in bitcoin. So, I do not hope this happens in my country, I just hope the government has a more positive view on bitcoin when they look at Japan, that's enough. |
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I am not sure about current profitability, but previously I have using faucets to get some free ETH/BTC/DOGE etc.
Free faucets at the present time are no longer attractive, we will not get too many rewards from them, and I think if we want to find something, we always need to invest, investment may not be money but it can be effort and time. And here, if people want to earn eth without investing money, I can only think of the campaign is the most affordable work, they provide a lot of reward, after the token is listed, we can convert rewards to eth in a very easy way but the effort and time spent on this job will not be small |
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Have you ever wondered that trading can be bad for your health?
Everything in excess is bad for our health. If you are staring at the monitor for long hours everyday will certainly not do good for you. Do we really have to stare the monitor all the time when trading? There are ways to minimize staring the screen and you can do that as well. Stress is really the culprit here. If you are a very emotional person then trading is not for you. Do trading with fun and don't take it seriously if you lose sometimes. Fun ? Do you think it is fun , when you know that your money is at risk ? No its not . we should take trading seriously so that we can give our best . But you have some point , we shouldnt abuse our selves by trading more often . we should still prioritize our health because health is wealth . Better if we can set adequate hours ( e.g 7 to 8 hrs per day ) if you are a daily trader and treats trading as a full time regular job . @op , trading isnt unhealthy but as long as you know how to set your limits and most especially as long as you know what you are doing . I do not think we can set limits when we work with trading, this is a world without limits, every situation from bad to good can happen at any time, when we sleep, when we are happy, when we are eating, and the time is never enough for this job, no specific time, the pressure can be said to be continuous. In addition, with so many situations, we can not solve them all, our minds will be very chaotic, sometimes we will be very headache, in the long run, this is really a bad thing for health. |
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For me today is not to late to invest in crypto also, since everyday there's new cryptocurrency being listed in market that has a value so affordable to invest only if your lucky to pick. On the other side its too late to invest on this already mooning crypto like eth and btc in my own opinion only.
It's never too late to start investing in cryptocurrency because our portions are different so there will be time to make a profit so don't be afraid to start. Not late but we want to make a profit in crypto will not be simple because this market has gone through many paths, from stubs to development, collapse and recovery, ii went through all the necessary stages, people almost got to know it clearly. And of course, when many people know clearly about crypto, they will have different plans and strategies, they know the crypto well and can grow, they know how to use the pump and the dump, and with a beginner, wanting to make money from someone who is full of experience, it's really a battle between an adult and a child, not easy and very easy to fall into the predicament, bored |
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I know some of you would wonder what this topic is doing here, in the Economics section, but since it is in fact an economic question with purely utilitarian goals in mind, I think it is where it should be. This is a serious question and I'm not kidding. I'm not very interested in European languages like German or French, or whatever, as I think languages like Chinese and Japanese are more promising and rewarding in terms of both usage and money in the nearest future. Personally, I'm more inclined toward Japanese (that's why I'm not decided yet), though I understand that Chinese may be a better choice for the time being and years to come
So what is your opinion on this matter from an economic point of view, with crypto in mind?
I don’t know about the other language you mentioned, and I have never heard about it before. The other two languages (Chinese and Japanese) are the ones I know about and I will recommend that you learn Chinese, cause it’s going to be more helpful, you can even get a job with it. There are lots of companies that needs people that can transcript from English to Chinese. Indeed, Chinese is actually more useful when its popularity is very high and that can help us have more space to grow, getting a good job is an easy thing, many people have rated learning Chinese as easier than Japanese. However, I also would not underestimate Japanese, after we finish learning Chinese, we can continue to learn Japanese, one advantage for us is that Japanese has a lot of similarities to Chinese, so we will learn it very quickly |
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Hey,
I have been investing in some btc recently and i have seen that in my country i can pay for example in a pizza restaurant (when i order online) with online coins.
Do you think that btc will become the future currency of our world?
I hope yes, but the possibility is very difficult because each country has its own currency, and if the money has changed to electronic. in other words every government will make its own crypto, this is my simple assumption Of course, the probability of this happening is almost zero when governments are very strict about management and control, they will not allow an outlawed existence to enter the country and become their currency, that just makes more problems happen. I believe everything will be as you say, the government will probably rely on altcoin and bitcoin, they will develop their currency, and with this thought, although bitcoin is not our future currency but it may be a part of our future. |
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to be rich in cryptocurrency requires a high level of creativity and high luck.
but you will at least have a high profit opportunity and earn a decent income.
well, everyone can be rich with it, but it all depends on the strategies we have each. well, everyone has the same opportunity in cryptocurrency, the difference is how good the strategy you make in this case. Exactly, the opportunity is always the same but what makes the difference is probably strategy, even it is the talent of each person because the crypto situation is getting worse, the conditions are not as good as in the past, we want to make a profit, we need some talent and strategy. I'm really sad about the state of the market right now, if things are as good as in the past, we're easier to become rich but life is not a dream, the market has changed, I believe that the number of people who can become rich with crypto is probably very low in subsequent years |
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I regret that I did not sell all Bitcoins and some altcoins when their prices were extremely high. If I would do it, the profit could be really cool. It would give me the opportunity to invest more in crypto. I also regretting that moment when I didn't sold all my holdings in its peak price because I prefer to hold it and I believe that it can reached another new all time high anytime but, it didn't. It serves a lesson for me on which I should be satisfied on what I already earned and bought again on its deep on which can possibly give me a higher profit. I think every trader has the same situation, they do not want to sell all bitcoin, they always think the price that bitcoin can reach is higher and higher, greed and high expectations have hurt us all, I also could not escape this situation. And I feel myself very stupid because I had the opportunity to sell and gain profit, not just one but two opportunities, however, greed has pushed me into a harsh destiny, and now, I am waiting in despair, without a definite time |
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