Investing on crypto is a high-risk and always be ready to anything could happen in the future because this not a financial advice, you do your own discretion so that no blaming in the end. It's best to do your research first before engaging in crypto and always ask second opinion to people for advises of what are the do's and dont's. Remember always invest what you can afford to lose, you can try a little amount first and if it really works then you can add more investments in to the next and so on until you reached your target.
The risk is too high to consider an all-in investment in cryptocurrency, I would suggest that you should diversify your investmemts so that when the time comes when crypto experiences a down time then you will still have the cash flow. Remember the saying that you should not put all of your eggs in one basket. If you are determined to do that then good luck and god speed to you and I hope that you earn more than your capital. |
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The US economy will be destroyed not by COVID. The upcoming crisis is a result of the government authorities' stupidity. Why wasn't COVID so disastrous for China? Because they could prevent a real collapse.
I do not think that it is the case, the reason that the crisis is hitting US hard is the fact that they did no have a comprehensive plan for this problem, the stocks went down because most of the companies have lay off their employees thus lowering their profit and in turn lowering their market value, China on the other hand have experienced so many novel viruses in the past and they have a huge population whiich means they have a huge consumer base and ther market wasn't that affected. |
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There are already many threads related to this one, learning should be the first things that the beginners should prioritize, you should learn first the nature of trading, there are many beginners who don't even have any knowledge about trading buy they still do trading that is why they ended up losing their money, which is really normal for the beginners, in order for us to learn we should have experienced first, as what others say, the experience is the best teacher which is really true based on my own experience, other people would also be a good help for you, they may give you some advice. You may also use youtube for watching some tutorials for you to learn it.
The threads that spawn related to lessons you should consider when trading is a good thing actually because they serve as perspective of different OP and their respective experiences, they make diverse option to make people choose what the newbies like me could ponder on and follow. Though the threads that pops up about trading advice, I think that it is a good thing. |
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Actually it depends on trader, his trading pattens. Most of alcoins dump without notice. So if you aren't an expart trader, day trading is not for you. If you think, market condition is suitable for you, then you can come back. Otherwise wait for perfect time
Definitely, most coins are volatile, if people can use that dump as an oppurtunity then they can buy them at lower prices then make a profit when the prices are going up, this is not advisable when you want to earn a quick cash because dumps could last for months. The quote above states that you shouldn't do day trading, I think that is a bit not right because if you come prepared to do day trading then you can learn as much as you can even though there are losses, I do think that everyone can trade and success only comes to those who were prepared. |
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I am not relying on one particular website when it comes to the news. But it is significant that we keep on updated on every news about bitcoin and other coins so we may determine if it will gonna affect the price or not.
But, fundamental analysis along with technical analysis is highly recommended in trading. Investment decisions vary depending on where the market are leading.
Good thing about not relying on one website for news article makes sure that you get a bigger perspective on the matter, in my opinion most technical stuff should be considered with every decision but we also should not forget that we also should consult our instinct or gut feel, it may hinder sometimes but this primal traits should not be disregarded because they are like our very own Spider sense, they matter. I am not saying that you should base all of your decision in instinct and gut feel but rather you should consider them and try to match them with technicalities. |
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You do know there's a reason why people who just work under someone and people who explore are different right? People who work under someone is just that, they just work. They want a stable life, and a stable one doesn't mean one that has rewards or losses, it's just an equal relationship. This is why some people go above others because they are people who explore. People who take the so-called "risks", and set the table so that the rewards and losses aren't equal. Trading is pretty much like that. you set the table so that you can gain more rewards and take fewer losses, but if that could happen to you, the opposite could also be the same.
Ofc, some investments just require you to put out money and you get a percentage of profit every year, but like I said, that's equal losses and rewards, you don't lose much, but you also don't get much. If your satisfied with that, then don't go into trading.
Risk is coupled with success, and if people are looking on the safe side then that means that there will be no innovations and with no innovations then that means that we as people does not prosper, I really don't like people that are just there for the riches and not the risks, I do not blame them though because they might have experienced a lot of losses that made them risk something and they are just playing safe because they do not want to put all in, I think this behavior could take you afloat for awhile but I do not think that we should stay on the comfort zone just because we are earning, remember that risk will give reward if you know what you are doing. |
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This further upgrade and support in more currency means that trading will even reach more people and that is a good thing, Binance is leading crypto trading revolution via these increased currency that they can support.
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How do you plan to live a life without risking? Good thing about trading and gambling is that you risk money, and money can be earned in many ways.
Those that hate risks and play safe have much lower chances to make something big in their life's, one's who risk have more chances for that. Risk is everywhere around, in all the things we do, I don't advise people to risk all the time, actions can be calculated, risk can be lowered with more knowledge and experience. Sometimes you need to risk to make profit, in some situations its better to sit and wait.
It's hard to talk about risks in general, even harder to apply some definitions on all the people, each of us is different. Education, learning, practice is what is needed for a person to be able to recognise a moment and to choose appropriate actions for that unique situation.
Risk is an inherent thing when you are trading, avoiding risk is like trying to avoid death itself, risk promises rewards and it is up to you whether your analysis on the rewards outweigh the risks. Trading is a risky game and I think people that are blinded by the riches that trading promises shouldn't be here in the first place because they are the type to jump the hype train and leave when the getting is not going great, I hate and admire this kind of people because they are the kind of parasite that only wants the ups and not the downs of trading and the admiration came from the fact that they swallow their pride to be a parasite. |
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What I consider trading strategies is not to jump into and FOMO, have enough patience for entry, do not ever hold the falling knife by buying when there is a negative fundamental and always believe in your own analysis.
I am accumulating knowledge on the do's and dont's of trading, I think the quote above is the most basic virtue that every trader should possess, I am currently learning most of the technical stuff when it comes to trading, I am also saving emergency funds so that I will not spend the funds that I will use when I am trading for real. |
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The main reason it is so hard to buy BTC relates to the issue of using US dollars electronically. Hardware wallets, aka wallets on a secure device, are the safest option; the drawback is that unlike popular apps and software, hardware wallets cost money. Bitcoin trading was eliminated and Japanese financial authorities started issuing cryptocurrency.
The reason that there are no stocks that can be bought through bitcoin is that, stock market is tied to the government which means that they are putting taxes on this stocks, dividends, and index funds. Bitcoin on the other hand do not possess this kind of ties with any government because of decentralization, though in the future this can be developed which I hope to be sooner because this is a big opportunity that can further spur bitcoin in mainstream financial circulation. |
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You are right, if I have agricultural land I will not sell it I will keep it for cultivation If everything is closed due to the virus we can easily solve the financial problem by cultivating vegetables on our land. The best way to deal with this crisis is to grow vegetables We can make money by selling these Most of the people in our country are dependent on agriculture Therefore it is necessary to increase production by keeping it without selling it.
There are two things that you can do, one is to lease the land and two is invest on it via plantibg produce there, selling is not an option when you have a land, unless it becomes part of a government project then you can't do much about that. Leasing your land ensures that your land is functioning and generating cash even if you do not sell it, it should be on interesting location though, on the other hand, planting there is a good thing though you have to learn the basics of agriculture, the profits will be worth it since you are the owner of the land. |
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If there is a recession it is possible to make a profit even if there is a high risk in Bitcoin If the impact of the recession is on the crypto market later and the demand for Bitcoin decreases there will be a higher risk. It is difficult to say what the recession will look like next but even if the recession does occur, the price of Bitcoin will not go down Bitcoin is very unlikely to fall in price for this near Halving.
Bitcoin will not be affected that much by the recession, maybe when you convert it to your fiat then that will be a different story, the good about bitcoin is that it is decentralized thus making it almost immune to state's financial problem, if you were to pay services and goods with cryptocurrency then you do not have that much of a problem but in the long run, this is not beneficial both to bitcoin user and bitcoin itself, if you are just a consumer and you are not getting payed then there will be problem, maybe the people will be the most affected but not bitcoin itself. |
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The creation of digital and it replacing bitcoin and US dollar is far fetch, remember when bitcoin started? The price was so low that there are only a few that bat an eye, the social credit system is a different thing, it tracks and rewards an individual based on their actions in the Orwellian society of China, the digital yuan will be different since it will be used as a form of transaction unlike social credit system which only represents your merit. Speaking of merit, the social credit serves as a control for people to do unwanted things such as crimes, misdemeanor and general unwanted behavior, this system is pretty scary because it clearly states that the government can see your every move and that they can do anything.
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This is entirely true. Because the Chinese government is so cruel, they are willing to sacrifice the poor to make the country stronger. the mass murder case in Tiananmen Square speaks of the nature of the Chinese government. Therefore, it is normal for this virus to be created. They are doing everything to destroy the industry that people have created for so long that they can become great powers. China should indeed receive appropriate punishment from countries heavily affected by the covid epidemic.
The Tianamen Square massacre was a testimony to the Chinese authority's ability to suppress a crime in the eyes of the world, media reporters from foreign country was easily suppressed by the military though some have slipped the cracks thus making it possible for people from around to see, I can't dismiss the fact that they are prepared for the virus and that them hiding the information to make them look good is not a new thing since Tianamen square massacre was discussed then the chances that they used the pandemic as a leverage to topple most of their competing superpowers, and I commend their move on winning this new kind of war, they did not launch a missile and they are winning, gotta hand it to them. |
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I must admit that covid-19 really took a big hit on our economy, not just in India but the world economy itself are suffering and it's a lesson learn to very countries to make a bold action so that this will not happened again. Third world countries are most at risk to this pandemic as it's really hard to recover to all losses especially to their medical sectors that should be given the priorities to fight and defeat covid-19 as quick as possible. We can heal as one nation and help each other to overcome this unseen enemy for us to withstand the adversaries that covid-19 brought to the world.
The impact of economy varies from country to country, from what I can deduce, the impact only differs from how a country's preparation in this unexpected time of pandemic, my country was hit really hard and the government here are prioritizing different policy instead of the welfare of most people. I agree that third world countries are at risk, they are the most vulnerable not just to the pandemic but also to the political maneuvers that a superpower may benefit, this donations that came from this country are not out there out of sincerity, this donations are a bridge to ulterior motive. |
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There is no general reply, that depends on.each currency, how strong it is and what is the shape of economy that is tied too, how much resilient it is. It's more likely to happen in poor, underdeveloped countries but every currency can fall, depending on circumstances.
Also, it depends how deep the crisis is and what each government and central bank do to protect their currency. So it's not an easy answer.
The deprecation definitely depends on country, look at US as an example, they are the reserve currency of most countries and that is the reason that they can handle recession. Situational factors such as war or bad financial governance can contribute to this value depreciation, one good example of value depreciation is Zimbabwe reaching the billion dollar note which was caused by constant money printing, also the German mark after World War 1, with the war reparations they need to pay, the hyperinflation increases day by day, and lastly is the oil price plummet that caused hyperinflation in Venezuela. Regarding OP's post saying that cash is king, I do not think so, I remember that saying came from a former robber which means that cash is the heaviest item to be carried during a robbery. |
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I absolutely agree with the author. To boost the economy, it is necessary that some of its sectors begin to develop actively in place of collapsed sectors of the economy. And for this they must be sufficiently developed. Therefore, the state needs to invest money in various sectors in a timely manner. This must be done in order to avoid a fall in the economy during the global crisis.
When it comes to economic shutdown or plummet, there are a lot of factors. There are signs that an economy is plummeting, one is its contant negative GDP growth, this means that companies are lowering there expenses there fore laying off workers which in turn makes a low currency circulation thus reduced GDP growth, overextension in credit can cause recession because they are using government fund and the slow repay of this credit back to the state causes reduction in economy circulation, creation of artificial increase in interest rate can cause recession. With regards to the quote above, simply investing to sector doesn't aid or prevent a economic plummet, well management of financial reserves and upholding a good financial policy will help a lot because this prevents banks from creating a bubble that only will benefit few people in the long run. |
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Actually there are many factors that make bitcoin unable to become a global currency, especially to replace fiat currency seems impossible.
Maybe scarce supply is not the right reason bitcoin cannot become a global currency, because bitcoin can be divided into small parts. In my
opinion because bitcoin is decentralized, the government will never agree that bitcoin becomes a global currency, which the government won't
can ever control bitcoin. It is more realistic if bitcoin is an alternative currency.
Scarce supply is one of the right reason, imagine all the bitcoin supply constantly circulating the global economy, it is not enough and there will be a huge jack up in prices. The decentralization can be compromised by government but this will in turn cause some favorable and unfavorable compromises, I can agree that it can be an alternative currency. The frightening thing about bitcoin is its inherent volatility that could crash anytime and the chances are never zero. |
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Bitcoins' legality depends on the government of the country. Some of the countries have supported bitcoin where bitcoin is completely legal there and oppositely there are some of the countries that have not been supporting cryptocurrency are the countries where bitcoin is illegal. But nowadays more countries have started implementing cryptocurrency to a better ecosystem.
This is the best answer so far, though you shouldn't worry about the legality if you are living in a free country because most free government doesn't have that much qualms and most of them hasn't noticed it yet and I think that it is a good thing. The only problem that you will face when you are doing business with bitcoin is that you either do a money laundering and that is about anything that can be implicate on you because most of the authorities are not yet creating a policy to regulate bitcoin so we are in the safe side right now. |
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