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Why bitcoin is votality compare to fiat money. Many say bitcoin is not a good investment because it is votality.
What is votality?
liability to change rapidly and unpredictably, especially for the worse. this is the fast price change.
Why is the votality of bitcoin high?
Bitcoin is a low supply at the time of its growing number of users and it has become a demand for the masses. Many want to buy, Many want to sell in easy-word multiple transactions. When many bitcoin transactions are fast market movements and we do not know what might happen because of the emotion of the seller and the buyer may have the price increase or decrease. So the bitcoin is votality because of the small supply and in-demand.
Why is fiat money not too volatility?
Because the government is able to regulate a traditional money, they can make new money and just increase its supply so that it does not have a votality compare to bitcoin.
Note: This is my only opinion, if you have any opinion you can also share it.
bitcoin volatility is based on its demand, when more people invest in bitcoin, the price will be likely to go high.The opposite happens when more people sold their bitcoins for fiat. There are many things that affect the demand of bitcoin, some examples are advertisements, media like news. I also think that the price depends on the rate of bitcoins being mined per period of time, correct me if I am wrong. |
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Hello guys, I see that many traders are afraid of risk, and they always want a guaranteed profit, but unfortunately, this gain is always a little in value.
And in many threads, they always ask about "how to make a safe method in trading".
For me, the risk is essential in every field ( especially in trading) to win a lot of money. Furthermore, when you are afraid, then you will never achieve what you want.
Many businessmen/women (billionaires) and successful traders become rich because they take risks.
Come on , overcome the fear, make a risk , we will only live once.
Now the market in crisis, you must take advantage of this opportunity, your life may will change for the better.
This quote is very expressing :
"If you want it, go for it. Take a risk. Don't always play it safe or you'll die wondering"
-Ms.KG
What do you think guys?
I think not all situations are worth the risk. I mean you should always weigh it and and see if it is a high risk-high reward or high risk-low reward. Sometimes you need to play safe in order to minimize the risk of losing something, you should not always be aggressive and take every opportunity without assessing its risks. It is always the decision that matters so think carefully. |
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Hi everyone! I'm trying to research and study as much I can, but i have problems in finding good books/articles/whatever that explain the principles of economics and trading, very important if u want to learn about coins in general. I searched in the forum but i didn't find anything like that (but a lot of other useful articles)...so can you help me? I would really appreciate a "newbie tutorial for economics/trading" if it exist  If you are a high school student, there will be an economics subject that you will take, I dont know about other countries but this is commonly the same in some countries. There you could learn so many things that you can apply here.In trading, you could go to the bookstore, in my case I saw a column where the books are related to business and investment, there is also trading included there.I suggest you study first trading in general so that you can have more deep understanding when you start studying crypto trading. |
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why is it ok for a group of people calling themselves the government to force everyone to buy their services?
if enough armed people refused to pay and told the government to go fuck itself there is nothing they could do.
Well I think you do now know how tax works and also people do not just agree, it is mandatory and it is responsibility of a citizen in a nation.Every thing you buy in the store has tax on it, the food you eat in the fast foods has tax on it and even salaries have tax. These tax are used in many purposes like government projects.If there is no tax, there will be no money to use for road repairs, public hospitals, public schools and many more. |
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I believe that a huge portion of the the crypto community are still young college students that don't have any necessities that need another source of income aside from their scholarships / the money they are getting from their parents .
And apart from spending their cryptos on either betting or purchasing goods/video games from online markets , many of these students didn't make plans for what they'll do with their coins in the future.
I myself have had many thoughts about hodling and launching a business as soon as i graduate with the coins in my possession , yet i'm not exactly sure what i'll be doing ..
So i'm really curious about :
- On what do you spend your coins apart than partying/gambling/paying for tuition loans ?
- Do you have any future plans for your coins if you are hodling any ?
I am currently studying in college now and it is my third year, aside from my part time job, I do bitcoin because I need that income for my tuition fee since I have lost my scholarship last year. My salaries are spent on my college and for my 2 siblings that are in high school. I also help my family through my earnings on bitcoin, not that much because I am just new so I give most of my earnings to my parents and once I graduated, I can save for myself. |
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I am at a point in my my young life where I need to make a decision about my finances. I have a good amount of money saved up in my Robinhood account, and I have been putting it in the stock exchange, making a steady but positive return. Keyword here is positive. I am very conflicted right now because I think I can earn more money trading cryptocurrencies, but the risks are so much greater.
I have a couple good alt-coins in mind that I would like to buy, but don't have the capital because it's all tied up in stocks. Also, is there even a reputable enough exchange that I can put ~$50,000 in and not worry about it getting hacked or stolen? I mean, with stocks, if in the off chance that my account gets hacked, they still need verification before money can be sent, and my money is ensured by the government. With cryptocurrencies, once it's sent, I have zero chance of getting it back.
What should I do. Should I move all my money from stocks to cryptocurrencies? And if I do, which exchanges are reputable enough? I currently use Binance and have only $1000 in there.
I think you should think many times before making a decision, that is kinda risky and can cost you loss of wealth. Cryptocurrency is somehow risky because we do not know what is going to happen to a certain coin. If you are doubting and still wants to go, better divide your money, the other will be put into crypto and observe first if it is the right thing to do. |
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I have a job, and I'm quite tired of working as an employee. I was thinking if I can make my btc earnings a start for a business, what do you think?
For me, being employed for life is pointless unless you are at a high position. What makes people rich is having success on their business. If you want to quit job for business, think first if you can because it could be risky. You should have knowledge on being an entrepreneur and running a business. Using btc is a good idea because you will have a capital. |
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Do you ever feel like you're overly obsessed with cryptocurrencies or trading/investing in general?
Personally, I'm fairly satisfied with my investments/decisions so far but yet I'm looking for market opportunities most of the time. I think that's mainly because of the fact that majority of my time browsing the internet I watch related content. I'm passionate quite passionate about it.
Over time it kinda makes me feel depressed that I don't make as much as I possibly could or others have better scores (some unhealthy jealousy I guess?), so this "paper-chasing" has become a target itself.
When I want to take a break from all this stuff for let's say a month or week at least then I'm not able to because I'm afraid that I will miss out on something.
On the one hand, I have made investments in projects I believe in so I could leave it for few months even and then back but at the other hand, I'm still not quite sure about my diversification so I keep watching the market.
Can anyone relate?
Although I am very much passionate into cryptocurrency, I do not like to be addicted to it. Even in video games I do not want to be addicted although I love to play. I balance my time in useful things like this and studying. I spend my free time reading facts and information about cryptos to further increase my knowledge since I just joined in this few months ago. |
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I dont know if it is just me or others also experience it. I always set goals financially, set limits in spending and trying hard to save but most of the time no matter how i tell myself to refrain from spending in unnecessary things whenever i see something i really like even if i dont need it i cant resist buying it that cause me to regret later. Are you familiar with this situation?
Since I am just a student, my parents give me daily allowance. To prevent myself to buy things that I want, I leave part of my allowance to our home and only bring an amount that I need. I usually bring money for transportation fare, food, and extra money. |
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I think the best way to shut up bitcoin haters is to prove that you are earning on bitcoin. When I was starting at bitcoin, there are a lot of negative comments from my friends and they were always telling me to be cautious. Only a few of them supported me and those people are investing on bitcoin as well. They are earning enough money for their needs and they never regret investing on bitcoin even if the price goes up and down.
I guess it is better to also shut your mouth when you are being judged by haters. You will just become stressed if you mind them. What if you failed on your career in bitcoin, then they will have more things to say. So I think the ideal way to deal with them is to shut up and let them eat what they said. |
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why the state does not print a lot of money? than debt to other countries. is not it easier to make money than debt and ultimately burdens the state?
whether if printing money will have an impact on the money itself? or will it impact the value of the money in the eyes of the world?
It happened in the history of the Philippines where the Japanese conquered the island. In that era, there is a thing called mickey mouse money and it has a very low price. You need to have atleast one sack of money to buy a kilo of rice. That is because in that time, they have printed so much money that is not relative to the economic status of the country making the money almost useless. |
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How is trader life in the future?A trader is the country's wealth?
The future of a trader is like just the same thing as he is doing now, trading. Well, I think most traders will not make it as a full time job because it is risky and unpredictable. They may find a better job and do trading at the same time. Traders do become rich and I think once they got their wealth, they will lie low from trading and find more opportunities to even enlarge their networth, for example is starting a business. |
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Has anyone taken a course online on sites like Udemy to learn about bitcoin? I just received a coupon to enroll in a bitcoin course for free. Would it be worth the time?
If anyone has any experience, do share.
If it is free then why not, I think it is worth because it can add to your knowledge which you can use here and all things you have learned in that course is not wasted. For me,it is better for me to learn if I am tutored than learning by myself so I definitely would take that if I have opportunity. |
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For all the people who started trading with dreams to become rich.
How has your journey been so far.
Was there a net profit or loss till now.
Do mention from when you started trading and what amount in total did you loose or gain.
Also some mistakes that you would never repeat?
my trading career is in a good run, I could not say that I got rich. I just earn fairly good amount that is enough for me. I am just new to trading though. I just started trading with small amounts because I am afraid to lose then when I get used to it I trade huge amounts. |
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So there has been a lot of hype about bitcoin lately and I know it is revolutionary and has lots of advantages. But let's try to state the reasons why exactly do you personally think that bitcoin is not great and lacks in some points. I know it has great applications and is just great but it is not falwless right?
My question is simple and straight, What are the flaws of bitcoin?
Except its high volatility and "Dark use" (in illegal activities).
The only thing that comes to my mind is the vulnerability to theft. Wallet is not completely secured and it is sometimes subject to theft. Some recent wallets may be more secured but the others that are stored unencrypted by default is most likely the target of theft. |
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I looked at my pc screen 247, 20 hours out of the 24 hours in a day. I am familiar with all the trading signs like hammer, inverted hammer, doji. But even with these I still lost while trading. Most times, I decided not to trade without news from a particular project but even with a huge news like partnership, burning folks, I end up still losing.
What's really the cause? And how can I trade without losing much?
Failure is part of your development. It is hard to prevent this if you are just a beginner but you can lessen it. You should not be upset if youbfailed but should use it as a motivation. If you are a beginner in trading, you should trade with low prices to avoid huge losses. If you are trading for a long time and you keep losing, you should assess where you committed a mistake and correct it the next time you trade. |
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Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Our government has no plan on banning it but they are still looking after bitcoin. They see threats but they know it has many positive effects on the society and economy. There are interviews that they said that they think bitcoin will be good in the country and should not be used in illegal activities. The only downside is it can be used in crimes and also bitcoin is not taxed which the government does not want. |
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The "JULLAR" platform allows an investor to return money to his pocket spent on Shitcoins and make a decision, leave money in his pocket or redistribute his own funds, to reliable companies, for a crypto community.
Well if an investor invested on a shitcoin, that is his or her responsibility. He should have not done it in the first place because I know a good investor does not invest on what he did not understand. Not all new coins are good so investigate first.People must be responsible dor their own actions. |
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We hear in the news that many people in countries that have currency issues are starting to trade in BTC - for example, Venezula.
My friend asked me what about in regions where they lose electricity, how would they trade with BTC?
For example Puerto Rico is right now devastated by the hurricane, and many parts of its region don't have electricity. A lot of people need to buy food and even fresh water.
Is there a way to still trade with BTC in such situations?
Can P2P trade still occur despite having any connection to the greater block-chain network? Keep in mind that it's easy to charge mobile phone so they have access to wallet apps, but probably not the Internet.
I don't know too much about mobile data networks, but I doubt one's 4G/LTE data plan would work in such situations. I assume that data would have to be relayed to a tower/dish before it's sent to satellites. Am I correct?
Cryptocurrency relies on technology, especially on the internet to function. Without the use of internet, it would not be possible to make such transactions thus making it impossible to do trading without internet. Mobile data on the other hand almost works similarly like the internet so I guess that can be used if there is no internet. |
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If you wan't to earn here at crypto world without a risk, better join bounty campaigns and airdrops for you to play safe and earn.
Yes bounty campaigns, especially signature campaign which is usually the highest percentage in bounty and some airdrops can make you earn a lot. Always join airdrops because it is easy and it does not need much effort,I new someone who earned his first million through airdrops. But I cannot say that it is safe and not risky, bounty campaigns are not all true and some are scams. Even if there is no money involved in participating, it is still risky because your hardwork during the campaign will put into vain if it happens to be a scam. |
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