Well, I don't recommend that. we don't know when a place could become a scam. maybe you can make a profit in the first round, but what about the next. besides, I think it's too risky to borrow money just to invest elsewhere. however, I don't think it should be recommended, and I think it carries a high risk.
Getting a loan and reinvest it wasn't a bad idea and not a good idea also. Well this idea was for a good loan maker with a good business and/or investment analysis or trading analysis because taking a loan without proper wisdom about reinvest was very risky. But in my own opinion, as long as you don't have to end in an idea of taking a loan why not try to sacrifice one of the things you have that are valuable that you think can give you an amount of principal that you needed to reinvest. |
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You cant send erc20 token to the BSC wallet address.
Actually, if you use erc20 for sending, your token will remain the same chain. In order to change it, you need to have a converter, sort of BInance, because the exchange provide a good ecosystem to convert erc20 token to bsc token (if your token is supported on both chain)
Well there are already a way to send ERC token to BSC wallet and that is what a bridge of blockchains do. Maybe this was a big challenge way back then about converting or sending from different blockchains but now it is already resolve. And in fact, there are already projects existing that are using this bridge like APYSwap. Well I don't have any idea of what other ICO projects that are using this bridge blockchain too. |
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nah, i don't think dogecoin could reach 20000$, not even near that, that's almost impossible, and as you said, what would be the price of bitcoin if that happened ?! and ETH and BNB and others ?! i think he's living in fantasy world, 20000$ is something you just joke about it, like " can you imagine doge hitting 20k in five years haha"
The amount that OP had predicted for Doge was not too good to be true, I mean Ethereum and Binance are one of the promising altcoins today but yet their exchange rate doesn't justify enough how these two cryptocurrency a well known and most usefull altcoins especially in blockchain. However, I do believe that every altcoins has a possibility to become a huge altcoin or to become a most valuable token soon but knowing Doge today I bet it should attain first a $1 exchange rate. |
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Do you know the main fact why most new traders lose in crypto trading? Because simply they thought trading would make them rich within a night. We thought we only earn from trading, we aren't aware of the risk of trading especially those who are newbies. Without enough patience, it's impossible to make money from trading. Although it's something like gambling but not fully depend on your luck. For crypto trading it does not just depend on luck, we should have basic knowledge about the crypto trend. If you ask me how many people lose funds in crypto trading, then I will say 60% of traders are in a loss and most of them are a newbie.
Personally speaking, i can relate with your statement mate that most of new traders looking trading as a way for an overnight millionaire simply because they thought that it could give them a fortune that they are looking for without even undergo hardships in trading. I myself interpret trading the same way too when I was a newbie and now I learned that it is not the way I think about it on first. For me the term run away when I fall or lose is not what I have done, I mean I just take the rest and find out what are my mistakes or simply learning from my mistakes before I move in trading again. |
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They won't do it. If they want to ban Bitcoin around the world, they should already do it from the beginning. Not all countries hate Bitcoin, some countries are even quite friendly with Bitcoin because it can provide jobs for society. It means Bitcoin is helpful for people since it offers income. In fact, more people are trying to join Bitcoin trading and investment nowadays.
Shutting down bitcoin was so impossible know why because the good thing about it was not all the government or country are against with cryptocurrency. The mere fact that there are countries who open for the adoption of crypto especially bitcoin was enough that the government has nothing to do with killing or to shutting down the cryptocurrency. And also there are more investors to come and big investors who discovered bitcoin as a good investment too like Tesla. |
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I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.
Any possibilities are possible in bitcoin or in cryptocurrency due for being a volatile of a market. The thought that the bitcoin price may drop down to $20000 is possible however it may take time to happen this way again. What I mean was the crypto market now has already a huge investors in the community and this investors are one of the reason for being the strong resistance of any crypto happen. |
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LOL.. this thread was created two weeks ago, and back then the BNB exchange rate was $272 per coin. As per Coinmarketcap, the latest exchange rate is $576 per coin, which represents a 111% increase in a span of just two weeks.
Exactly, and guess what let's take a look between those loop weeks/days from the BNB exchange rate of $272 per coin to $576 per coin, Binance truly expands its market exchange rate and from its $576 value it is not undervalued. Though I am expecting that Binance will going to soar high than it was today because BSC was the most used blockchain, Binance project itself was been known by many so I am expecting for another ATH, and having a value of $600 was almost been reached by BNB last night. |
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In trading I apply the concept if the strategy of the trading plan fails I will move on to another plan. so we have to prepare at least 2 plans as a backup, because we don't know how long our first trading plan will succeed or fail. the most important thing is I stick to a legitimate trading flow and do not trade involving gambling or other negatives
It's a big factor that you have your own strategic trading plan and techniques because this would be your only ally while trading. In my case I do apply the concept that I used and also most effective for me. There are a lot of advises, trading techniques and strategy that we can read here in forum or we can learn from other traders but the only effective trading strategy that you can have is the one that you have learn in your own experience. |
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Continuous learning is good for being professional trader but learning alone will not help for making profits.
You need to be practicing along with the learning process in demo accounts. Demo accounts are most common these days and available with the most of the exchanges. Just practice in demo accounts along with your learning.
Trading is something that cannot be understood just from books or videos. It need heart-felt way of learning and that will be possible only if you are practicing in demo accounts.
Learning materials or tools for trading were available for free via online or even in ebooks but we can't figure out how effective those learnings that we have gained if we wouldn't try or execute it in real trading. Trading can be learn by just reading but of course what we can learn from it was the basics only, the regulations, the do's and dont's but the real learnings that will give you an armour in trading was learned through the journey, skills and knowledge that you may gain here were solid. |
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if the government has discussed BTC, it means that the national media, both printed and electronic, will definitely highlight it. of course this will increasingly reach many people, and more and more people will know about cryptocurrency.
the good news, if the government supports cryptocurrency trading it will have a positive impact, on the contrary if there is a related ban it will usually cause a decline, especially if the news is issued by an influential country.
Of course it is, the truth is the people inside a one country will definitely going to trust a one thing that was new in the system if the government itself introduce it to their peopl. So yeah the government has a big part to the grow of price of bitcoin if ever the government of the said country are open minded to welcome cryptocurrency as one of the means of currency circulating inside their nation. But as also expected there are some countries that are not interested with adopting bitcoin like Russia and others. |
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As far as I know Bitcoin cannot be hacked as long as no one can know your seed phrase or private key. To secure this, it is better to save or write this one in a piece of paper or somewhere in the cloud that you think is also secured to save personal information. Though there is also a risk of saving files or information over the Internet. To avoid being hacked, just avoid clicking unrecognized emails or websites.
It is so true, a private keys was so important and better that no one knows your seed phrase and much better to have a note or write it down all important details on a secured notebook in which whenever you forget any important details you have a copy of it that you can look back in case. Well, it is much better to keep your keys so privately than keeping your wallet connected online as always because hackers were too good to hacked account so better be safe than sorry. |
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Chances? yes. Big or not? maybe not. If you really sure dogecoin will readh $1 this year and then people said that it is not, don't let them to interupt your confident. But if me, i will say like the others. Dogecoin pumped not because developed but because hype, if hype is already over, we afraid if dogecoin price back again or maybe dumped from it's current price.
Well the possibility of Doge reaching $1 was possible, any possibility are possible but it all depend upon the law of supply and demand. But suddenly, the demand of Doge seems doesn't justify the hype that Elon Musk has been given to Doge by shilling it on his tweets. In my own opinion I will going into others opinion too, if you think that $0.47 value of Doge can actually give you already a profit or return of your investment then it must be good enough I guess. |
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I hope you not only give him ethereum but you can also give him more knowledge about crypto so that one days she doesn't fall into hole that can lose a lot of money
I hope he would do that because personally giving her ethereum without educating her would be useless because if you were not going to educate her then better to give her a fiat instead. She would definitely appreciated it if ever your younger sister had already an idea about it plus advantage of having the thought that the younger sister of yours know how to trade or manage a crypto coin then it was much appreciated. |
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I feel taking profits whenever you are satisfied is also a necessary part of trading. I know that there will be some coins which can make you rich overnight, but the possibility of that is really low and who knows, you might end up with nothing or you can diversify with the profit you have got and make more when other coins grow. Its like a Matrix tablet, you have to choose either one and trust your instincts.
In my case I do prefer taking profits too than holding during bull run and lucky if you are being able to catch the ATH of the coin or token you have and sold it at that price because the ath of the coin doesn't take too long enough to be able to catch by many. Some ath only takes a minutes or an hour but not taking whole day because it is expected that it would varies accordingly to the supply and demand of the token. Either way hodling was a good option too if you're not satisfied enough on the selling price. |
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And look where BTC prices are right now.
Look, the dump below $50k was pure panic. There was no rational justification as to why that dump even happened in the first place.
The rebound was as swift as the pump (if not more so). It just shows how strong institutional demand right now is. People are ready to buy any cheap coins that are available, even when prices drop by $1k or $2k. There aren't going to be the weak hands that drove prices down due to panic dumps in previous bull markets anymore in this rally.
The sudden price dropped of bitcoins price from the current ATH of $66k dropped to as low as $50k was trully alarming and I bet every bitcoin hodler was been surprised by what happen and are planning to the next wise and careful step to be able to gain a profit. It only shows how volatile bitcoin was and how it hard to hodl bitcoin at the same time even though the thought of having bitcoin was more than lucky enough but the thought that holding doesn't justify the possible profit that you can earn because time to time the value varies consistently. |
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using bitcoin today for daily activities is impossible and it is better not to use it for transactions. Cheap transaction fees have disappeared, we may not be able to use it at this time before there is a solution that allows transactions to be very cheap and time consuming. Currently, Bitcoin is used as a store of assets better than using it to buy coffee or some burgers.
LTC is the only alternative cryptocurrency capable of handling high network transaction fees. LTC can be used more for daily transactions than Bitcoin.
Actually it is difficult to use bitcoin for a regular transactions today because like here in our country it was not yet really accepted in any business establishments. Well maybe I haven't encountered some but how I wish there might be some store or establishments that accepted it. But in case in future here in our country bitcoin will now be usung as a mode of payment or any transaction then this might be the easy way for me to pay bills, over the counter payment in groceries, restaurants and many more. |
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They both are from different fields. We all have a different-different perceptions of different things so we all can not think the same way. For Eg. If I am a good forex trader it does not mean that I will be a good crypto trader by default so likewise Gates and Elon both think of the cryptocurrency in a different-different way. We all know BTC is not a bubble we all are in crypto for a long. I believe Elon is already in good profit from BTC and it does not matter what Gates thinks about cryptos So I would say Elon took the smart decision by investing in BTC.
Absolutely they are different person which is also have different perception. And at the time Bill Gates gave that statement it was way back 2018 where bitcoin was in bear market, maybe he was not yet convinced or didn't figured out yet the worth of bitcoin. There is totally nothing wrong with having different opinions and everyone are entitled on their own opinion, and knowing that they are businessman meaning to say that they are research already about bitcoin in the first place. |
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I'm not sure how many people here are learning from others' mistakes. Because I have seen in many topics where people were suffering just because of saving all their money in an hacked/scam exchanges. The very basic thumb rule of crypto space must be, "not your key is not your money".
Yeah, we must have wallets locally either in computer or in mobile phone. So that we could have all the control over our money. Depending on any online services and then they are shutting down is commonly happening everyday in this crypto space. Only when people are learning from everyday activities, they could find themselves secured from future incidents.
On the other hand those shared mistakes of our colleagues here are also a lesson learned for us that we must take seriously. I guess the issue of having a well secured wallet where you would going to store all your coin was been talking here in forum not once but always because it is where you can have a peace of mind to store your profit so it must be well secured. So since a secured wallet was been already an issue for me, I was feel secured using a hard wallet. |
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The bear market won't officially happen at the moment. This small dip is good and healthy, when the price rises quickly and significantly, there is time for a dip to hit. The current trend looks like bitcoin will rise and reach a new ATH in near future. Btw if we have a look at past trends, serious gains will happen at the end of the year. There was halving in 2016 but bitcoin reached it's all-time high in December 2017. We had a little bit early significant rise but at the same time rise wasn't as huge as it was on previous halving, that's why I think that 65K isn't the ATH of the year.
I don't believe that the bear market for bitcoin has officially happening maybe it was a price correction but not a bear market instead because bitcoin has recovered its market demand quickly. But to be honest, the last price correction of bitcoin gave us a quite a little confusion because from an ATH of $66k it goes down to a $49k, hence it is a big difference right. Let us all see in the coming days. If the price of Bitcoin cannot climb up again at least at $60,000, then perhaps we are already in the bear market. If we end up just reaching $50,000 and then lose it again after a while, then we might have entered the bear market. But if we are going to hit another rally that would let us see the $60,000 level once again then that fall in price was just a correction at its worse form.
Waiting what would be the next thing happen to the bitcoin price was the best thing that we can do to see if we are now in bear market or so forth because crypto was unpredictable and volatile, a wise guess maybe applied but not all the time. |
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for myself, I use both, so bitcoin is useful as a profit generator and gold is used for asset storage. why is gold used to store assets? yes because I believe gold has not decreased in price, but will increase even though slowly and gold in the future will still be needed
It is always to be good to have both, for me I would used gold as my long term investment and will definitely used bitcoin for a short term investment and trading. Both are valuable to be honest, and both are a good asset too so why not having the two investment and asset if you could have a chance to have both right. both are investments in the long term, now you can choose if you have a lot of funds, you better choose to invest in bitcoin, but if you have minimal funds you choose gold investment and save in the long term you will benefit.
Which I am exactly emphasizing, both are a good investment but the good return of investment was all on your hand now, it depends on how you make it grow or make it valuable. |
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