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The transfer fee is the only way that a site will earn and they are basing their rate on the prices of bitcoin which means that you will still pay whether you you want it or not, I do not think that it needs fixing because there isn't that much problem, you should be thankful that there isn't any taxation because that will pump the miscellaneous fees that is already in there. We do not need not worry about the compromise in decentralization especially if this compromise will result in something that will be beneficial in the long run to the cryptocurrency as a whole.
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I would say that it is a good sample we read on here. We need to have a plan if we want to invest as what the OP did. We can change the coin investment from one coin to another coin if we think that we can make a profit. But don't forget that when we can make a profit, the greediness will come to us and that can tempt us to wait for more so we can make more profit. That will always sound in our ear, and that is why we need to have a control for ourselves so we can know what we need to do.
The OP was so lucky. He can make a profit from the investment in Yobit, and if you want to do the same thing as the OP, you need to search for another coin because I am not sure if you can make the same profit as the OP. Good luck, OP.
These testimonials is very helpful for aspiring investors and they can serve as a ground for knowledge on what to do and what not to do, I agree that greed will show its face when the time comes and always remember that money is something that will amplify your deep desire. One thing I should add is that we should not be taking all of our decisions with chances, take some time to analyze and if the risks are worth it then take your chances, nobody wins just by luck or chances alone so utilize this things to your liking because it will help you big time and never give up, there will be hardships that will come your way and you will not always win. |
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As is happening now about 'new normal' and I think the policy only applies for the next few periods because when the vaccine has succeeded and then the virus is completely gone, then life will slowly return to normal because it is very unlikely to live with This 'new normal' will last forever and how can the economy be fully recovered if everything is still difficult, at least a big change will definitely be ahead and not something that makes life difficult but will be easier and fully recover.
The vaccine possibility will not make so much dent in the inevitable change, yes it will help preventing people from contracting the virus when they get it but when that happens there will still be people that will die because they haven't been vaccinated by this, the virus will stay but the people will be immune to it or atleast most of the population, the new normal will be permanent for generations to come because we have experienced a pandemic in that will surely leave a scar to most people and this will be the biggest lesson learned that will endure throughout generations to come. |
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The main problem I see with this is more centralized than anything else.
Not only do they control the game, but they can also create items out of thin air, they can lie how many they've put to sale, they can destroy them at will but you also have to take into account how people are attracted to the game and pray nothing better comes out.
Only the last part is a bit related to bitcoin but due to the other main issues with this, I can't see and treat it more than a hobby.
The last game I played seriously that had some sort of this market was Diablo 3, I'm getting too old for those, but at that time, being on of the first players and a D2 addict, I had lots of items, managed to sell them for some real $, I was actually amazed I was getting real money for crap. I Understand that limited items are different, that there are people spending thousands of dollars for them in games but you have to consider the fad effect. It happened with every "collectibles" that went for insane prices, the drop is harder than the fall.
The skins in CS:GO and most of the online games out there are just for cosmetic or aesthetic values, they do care about the rarity of an item but not much, the centralized economy is a good thing for this types of economy because things could go south real quick with this, I agree that this is not a good investment because prices drop real fast in this game economy and the chances of going up is very low, I do not like the system of cosmetics in most games because you are imitating a gambling procedure like CS:GO where a lot of sites are offering skins for gamble, this economy only prospers through physical trading where people could demand a higher price than their inherent value in the game market. |
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when the pandemic of the price of Gold and cryptocurrency is really good, both of these assets have increased,
so if you want to choose, of course I choose both of these assets for 2020
Having to choose from the both of them is impractical, they are both a good safe haven for your finances, though bitcoin looks like it is winning many hearts, I think they both have inherent disadvantage that we should consider, one is that bitcoin is volatile which could dump anytime but the rewards are very high, on the other hand, we can't simply get a gold at your local pawnshop because there is difference. In conclusion, no matter what you choose, you should be wise about it because your financial stability depends on it. |
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Crypto economy is promising on paper but when you put it into practice then there will be drastic changes, cryptocurrency will no longer be a decentralized currency because they are now injected into mainstream circulation which means that they will have taxes and young rascals who know programming will either fake crypto or create a device that will steal other people's cryptocurrency, there will be increased demand on power because the world's economy is relying on digital currency which means that a simple outage could cause a disruption in the economy, and the imagine if some terrorist does the unthinkable and creates a massive electromagnetic pulse that short circuits the machines thus disabling the digital economy indefinitely, most of this are just speculations but I still believe that we will reach this future which is better than what I imagined.
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Opportunity with bitcoin become legal digital currency payment could bring faster method and way to make transaction not only in domestic payment but also could be solution payment to other country, low inflation and faster payment than using cash money. How ever many countries have try to analyze what feature and benefit using bitcoin as digital payment currency and give way for bitcoin to be legal payment at the future.
The adoption of cryptocurrency would be their biggest oppurtunity but this will also mean that there will be compromise between two sides, the decentralization of bitcoin will be affected since governing authorities would want a piece of their pie, I do think that it is better that cryptocurrency industry should allow this compromise because this is also a big oppurtunity for them to cater more individuals because they are injected to mainstream circulation. This kinds of oppurtunity appears once in a life time but they are last long enough for both sides to decides on how to prosper and not stomp one another. |
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The Banks in my country are crap right now as the Central Bank of Cyprus won't even allow me to bring in money directly through any crypto related entity, such as Coinbase for example. I use though a Crypto debit card, and I use that for all my living expenses. Right now I have a job in a Blockchain Company so I get paid in BTC, plus whatever else I can grow by trading, bounties etc. So all my living expenses are paid for in BTC, technically I load the card in BTC, or ETH and I get FIAT the other side to do all my monthly expenses. I want to buy some land one day and buy a house in Bitcoin if possible to have a sustainable lifestyle.
Nice job that you have, you are a dream come true for so many people in this community, I really like that you laid out your goal for other people to see because I think that posting your goals will help in materializing it, I am a newbie to crypto trading and I am currently saving money for my funds for trading. I spend my bitcoins by converting it into fiat, luckily in my country, the government are not that aware of bitcoin but the exchanges from crypto to fiat is prevalent which makes it easier for people like me to use it, we do not have that much services and businesses that accepts crypto transactions so I mostly rely on exchanges. |
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Bull run on the stocks market is always better than dump. It can attract more investors in the company. I think that right now this rally is good.
The bull run sure is a good thing but if you look at the bigger picture, this protest will cause a dump in the prices of certain market listed on the stock market, in my opinion the riots will help people get in stock market with the current prices of some stocks, this might look twisted but in my opinion, the riots will die down eventually as the government are continuing to create the solution for the current issue, that is my two cents in the story and I am welcome to opinion and disagreement with my opinion. |
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Regarding the bitcoins that are being held by miners, a huge reason may be behind it. One of them could be waiting for the right time to sell it. They won't be receiving the same because of the halving so better keep them for now. But, there will come a time all of those will be sold. The same goes for the individuals who are keeping it. Both could be waiting for something and that is a good sign.  Holding your bitcoin for too long is never a good thing in the long run, bitcoin is not like a conventional investment where you hold it for how long you want and you will get a profit, it depends on the prices and people are depending on the growth of bitcoin and the profit they get from selling it, my point is that people shouldn't hold bitcoin for too long, there might be a once in a blue moon oppurtunity but you think that it will reach further but you are betrayed by your expectations then you had hold your bitcoin for nothing, you could have sold it at the oppurtunity but you believe that it is just another spike and you ended up waiting again. My point is that people should learn when to sell their bitcoin and not blindly hold their bitcoin, think for yourself, it is your future. |
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Into the world of bitcoin, there are a lot of things may be considered and one of this is the knowledge this is the most essential thing we must have because it is quite hard to understand and all of the processes we need to identify what are the things we must do to make sure we are going to win all the things we do into the world of crypto. Also, I encourage other people too to make an investment not only to the bitcoin also into the world of altcoins because they have a lot of help too not just the bitcoin.
Knowledge is important but we also should not forget wisdom, we should be wise about what we learn and reflect, we should be wise anout the weaknesses of bitcoin, we also should accept the fact that we cannot know anything about bitcoin and that we should be open to new ideas and understand them. I agree that putting a diversity in your investment, I am an advocate of diversification so I second that advice. |
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I totally agree with Google's answer, if you pay attention to the bitcoin movement in 2020. I think it is indeed worth bitcoin as
best performing asset in 2020. Although the price dropped to $ 3800, it did not last long but the price of bitcoin rise again.
Therefore the performance of bitcoin is very good, with the spread of COVID19 does not affect the performance of bitcoin. Unlike
other assets with outbreak COVID19 make the price down.
We rely too much on bitcoin, I am in agreement with what you said and I think that bitcoin is a really good asset but this makes other financial assets set aside because they are overshadowed by the might of bitcoin, I am not in contrast with what bitcoin can do but we also should learn how to diversify our assets, remember to not put all of your eggs in one basket. This assets have been here longer than bitcoin and most of them have been proven effective, mutual funds for example, they can grow in five years just by putting a monthly contribution that will grow through compound interest. I always advocate diversification in assets because this helps when you want a constant cashflow even if one of your asset is facing down time then you will not be affected that much. |
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Well, there is nothing we can do about taxes since it is always in the power of the government to levy such a thing. Now, in cases where people feel that the rate and implementation of specific tax laws can be burdensome then maybe the best thing to do is to advocate for it to be more rational and fair. As long as we are conducting business and much more if we are making money, the governmental machine can be upon us. I am still thanking the heavens that I am in a country where tax laws are not that so strict and the government has not been flexing its muscle on cryptocurrency business.
Taxes has been a way for citizens to contribute to the development of their country and I think taxation is reasonable thing if bitcoin is to be pushed into further development. In my opinion, there are no other way for bitcoin to be injected into mainstream circulation if they are not willing to do this faustian bargain, retracting from it would result as a lose because a government is also the authority and they can ban the use of this because they are not benefitting from it. Sometimes it is better if bitcoin jumps the shark, they made unexpected and impressive results and I think that is worth it. |
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That principle is like asking for miracle dont you think? Have some humility and maybe market will have too towards you. For me, confidence should be used in a timely manner too. Being proud of your analysis on trading is not bad at all. If you lose you will. These characteristics are just a bad omen to to those who dont know how to trade efficiently. Sometime, my risk apetite is very huge leading to some good gains and few loses too.
Market will do good also for you if you can read and analyze better his next move not just because you have some humility towards it.
Thanks for clearing up what is really needed when you are trading, I am on your side about the thing about humility about the market and I think OP poorly worded the post when what OP meant was not being overconfident when you are trading, I do not agree with the word humility used in context of trading because it sounds like worshipping a market construct. I agree with the quote above about being confident with your trading skills because having a half-assed mentality will only make you hesitate when there is a crucial decision needed thus making half-assed decision leading to poor results because you did not put your best on the table. |
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That is not quite correct. Probability makes big part of trading but it's not based on it, at least not exclusivley.
Knowledge, experience and skill also matters ao I would say it's mix of all of this in certain proportions.
Positive attitude and a little bit of luck are also important so to my opinion trading is a very complex discipline and thus not propriate for all people.
If you base trading only on different theories in practice that will not end well, beleive me.
That is my thought too, if you are putting a narrow perspective, you will not see the bigger picture. I really think that the probability factor is just a side track for what trading really is, in my opinion, trading is more of an analysis rather than probability which means that it is focuses more on skills rather than chances. Conventional thinking and perspective in trading makes it difficult to grow and become successful. Always remember that trading is not the same as gambling which focuses more on chances rather than skill. |
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Most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the devastating losses that day trading can bring. Investor can lose large amounts of money in a stock market crash is by buying on margin. In this investment strategy, investors borrow money to make a profit. This strategy certainly works if the market goes up, but if the market crashes, the investor will be in a lot of trouble.
I find your strategy of coping with loss in trading very risky because you are not guaranteed to earn a profit and you are involving yourself with debt which could damage you financial and make things for you difficult, in my opinion, maybe coping with your loss is not enough, you can learn from them, study the charts on why you lost that trade, every mistake is an oppurtunity and I think loss is just a part of the journey, remember that every one has their days. |
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I think since you bought k 20k it might be best to carry on for future investment If the worth goes up then you'll get double profit But scams are rife within the crypto market so you would like to try to an honest market check before investing then invest. you'll choose binance for investment Scams are less common here.
Many have shared their thoughts that you should invest in cryptocurrency but in my opinion, there is nothing wrong with that, think about growing that 20k in long term, try to diversify you investments, you can investment in mutual funds where it will grow in long term through compound interest, I do not know much about mutual funds but based on what I have read about it, they are mostly good. Or stock market where there will be dividends and your investment will grow like mutual funds. Try to diversify because this helps you when one of your investments is facing down time then you will still have the consistent cashflow. |
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Based on the mistakes the OP given, I can see that he/she is a very impatient person. My conclusion about you might change but in my perspective, that is what I can see, I too am not that newbie to crypto but when it comes to trading I am still accumulating knowledge, experience and lessons learned by people who have been trading a long time ago. If I may impart some lessons I learned along the way, one is ought to have a safety net when it comes to trading because there will be guaranteed downfalls and you can't rely too much on your trading profits because you are still growing the money and pulling it out a little early would result in frustration, regret and deficit in profit, so have an emergency fund in case.
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Amarkets platform with a good withdrawal of funds, managerial support is well suited for beginners
Can anyone give a good site that has this qualitfications or atleast has one of them, I am a beginner trader too and I am trying to learn as much as I can so I can prepare better when I am trading, I am currently saving money for trading and safety net for emergency expenses, I suggest that my fellow newbies follow what I am doing because there will be a time when you are losing big and you will have no choice but to use your trading funds for expenses. With regards to prices, is buy low sell high enough to make a profit because I do not think that that is enough because there should be factors that should be considered and I would like to know your thoughts and enlighten us newbies and upstart. |
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Both are needed at work but the demand for crypto is higher than Fiat In the case of Fiat it is not possible for everyone to try to make more profit at work This is why choosing crypto makes you more profitable by making long-term investments. Since Fiat is legally operated there is more risk involved in investing.
There isn't that much industries that pay entirely in cryptocurrency maybe online businesses do but they are still small compared to the businesses that are using fiat as a mode of payment for transactions and salaries to the employees. I agree with your point that it can be a good investment but having fiat at your pocket as a safety net for emergency is a good thing too, I haven't heard of any investments in fiat so I do not know that much. Seriously both of them are important and necessary. Fiat can be used to settle daily billings while cryptocurrency is more of a long term investment kind of thing. So i think both are necessary
I do not agree that they are both necessary inherently, you can still live even without cryptocurrency but fiat is a different thing, fiat has a stranglehold in any government, with their roots so deep in the history of any country, I do think that fiat is more on advantage here. On a side note regarding investments, diversify your investments so you can have a constant cashflow even if one of your investment goes down. |
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