I observe the situation and understand that the crypto market is not just volatile, it is completely unstable. The situation can change dramatically in a few hours, it costs a group of people to make a pump on a particularly remarkable coin for a joke. Or Bitcoin gives a leap because of what a famous person said about it. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Yeah your right because since I know what is bitcoin and cryptocurrency the Price never be stable or constant like period of two weeks, ii understand that the regulations of its price is been determine by the marketcap, which I can say that if the total numbers of demands is higher or greater than the aggregates of supply it's make's the price of bitcoin increase or depreciate.
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Fiat and cryptocurrency are the same
To begin with; i will like to inform you that fiats and crypto currency are not the same; they obviously can be used to serve the same purpose; but they are not the same. I say this because fiat in cash or your bank account adds little to zero value if kept for a while or if converted to a higher currency for international trade. Meanwhile; crypto currency is a lifestyle where you can get profits or losses; wealth or rekt; nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.
Bitcoin cannot be used to purchase everything; because locally, fiats is more accepted throughout the world; meanwhile if you are a digital worker; trader etc; you can ofcourse get reward and payment in bitcoin. Both bitcoin and fiat are currencies; serving different diverse importance to the world It's via a countries that is not civilised, majority of countries are adopting the uses of cryptocurrency for everything both importation and exportation of goods and service's, OK if someone can purchase pizza with cryptocurrency far back when the awareness of cryptocurrency is little bit in society, while can't bitcoin purchase things in local areas currently, so I really disagree with you because people who are using cryptocurrency is higher than people who are not into cryptocurrency, Try to convince me properly.
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Its a choice to purchase bitcoin when the price is low or high because irrespective the time and when you purchase bitcoin you most have a profit, now someone purchase cryptocurrency especially bitcoin the price is higher it's not necessary that the buyer is at a lost side, because it might increase higher than the amount used to purchase, and it's very clear that some people buy btc for holding may be the purpose of purchasing now is to hold till two years coming or two years different before selling.
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I know bitcoin when it price 300$. But i don't buy Bitcoin cause i can't believe it. Today btc price highly increase but why? Can you tell what reason?
It happened to everyone because before now people were ignoring bitcoin thinking its a thing that will crash and is a substance scammers used, so such ideology is not good and finally the evidence is very clear that bitcoin is a currency application to Fiat currency but it's digital assets and decentralized currency that's Good for investment, assuming the period the price was low some of us purchased it with huge amount of money by now we would have become million via cryptocurrency.
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If you some skills and knowledge about trading tricks you can get a pretty well profit especially if you trade in the most volatile currency pairs. There are lots of different trading bots provided by companies or solo developers that you can use to automate your trading process but there are API methods providing by the exchanges either. You can use these functions and create your own bot if you have some idea about how it works.
Making profit in trading is a thing of market signal and understanding of marketcap movement, because without knowing the fundamental processes of trading, I don't think is easier to make profit via trading.
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Really? You still believe after more than a year that corona is a scam? If you know nobody who had corona yet than you must be living on the moon. Very sad Is very astonishing if someone is plain to said that corona virus is a scam, that means really the damage corona virus caused to different countries did not affect he/ her, before I was reasoning that corona virus is not everywhere until I saw affected patients in hospital when I went for charity in 2020, so corona virus is in existence and don't neglect it.
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Everyone is reacting bitterly, we have to know that the difference between fiat and cryptocurrency is not much, the only difference is that.
* Fiat currency is been controlled by the government and is centralized platform due to is under government regulations through banking system.
* cryptocurrency is a decentralized currency which is obvious that government don't have affairs to cryptocurrency or neither have any impact for its price regulations because its a digital asset.
So the only aspect I wants us to understand is that nothing fiat currency can purchase and crytocurrency can't purchased, so comparing it in terms of expenses fiat and cryptocurrency are the same, just forget about the centralisation aspect of fiat and decentralisation aspect of crypto. Their all useful in all ramifications.
There are few other things that could be added into this but this is the main thing. However this is not a small thing neither, we have to realize that this is actually a quite good deal and we should be happy about it. Think about it this way, governments are regular people, they are not another species, which means they have motives and agendas, this causes money to be something very important in the world of politics since they would act depending on whatever makes them richer, and that is why I have to point out that we are in a situation where we have to realize crypto gives us freedom from it. There are no people controlling it, which means whatever bitcoin is today, will be the same decades later, and that type of power is nowhere to be found in any other currency. This is not just a small difference, this is a whole ideological change that we need. Yeah it's really obvious that know one controls cryptocurrency and its a decentralized currency and it's generally accepted, so except that is any difference between cryptocurrency and fiat currency in terms of importation and exportation of services using fiat currency or cryptocurrency, so I want us to look towards such directions.
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Covid19 has restructured all the activities of man kinds in different dimension, so people are starting new life and new plans in order to earn a living because the huge harm that's brought with corona virus, so considering the factors that all objectives made in 2019 to actualised in 2020 are not achieved, these year also covid19 is still disturbing some countries, I think the best option for government is to provide a lottery loan to people to state up new life in order to meet up previous year target, because life is very difficult to coup without finance.... At least people in society need's support from government via finance and palliative.
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People in government is against bitcoin Well no wrong, some are some not. Observe very well it's very clear to the blind and very audible to the deafs that government is seriously against cryptocurrency especially bitcoin since it started, so saying that its some sector in government is against, I don't think it's nice because government is government, for those politician that's adventuring into cryptocurrency it's because they have found out the important of crypto.
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Everyone is reacting bitterly, we have to know that the difference between fiat and cryptocurrency is not much, the only difference is that.
* Fiat currency is been controlled by the government and is centralized platform due to is under government regulations through banking system.
* cryptocurrency is a decentralized currency which is obvious that government don't have affairs to cryptocurrency or neither have any impact for its price regulations because its a digital asset.
So the only aspect I wants us to understand is that nothing fiat currency can purchase and crytocurrency can't purchased, so comparing it in terms of expenses fiat and cryptocurrency are the same, just forget about the centralisation aspect of fiat and decentralisation aspect of crypto. Their all useful in all ramifications.
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if transacting with ETH 0.1 and BTC 0.1 irrespective how ambiguous is bitcoin the charge's will be more expensive, while?
They are two different cryptocurrencies, but ethereum fee is also high. While is that the higher the charge of bitcoin the faster the transactions process And the lower the fees the lower the transactions process,
Not only fee that determines how bitcoin transactions will be fast, but yes, the higher the fee the higher the transaction speed. But mempool is also another factor that determines transaction speed. If the mempool is congested, you will need to pay higher fee but paying lower fee if mempool is less congested can make the transaction to also surprising fast at times if the mempool remain decongested for that time period and your transaction is confirmed. Miners do not have option than to pick up transactions when mempool is less congested, but they pick up higher fee transactions during mempool congestion. 1. The ones that miners will charge for transaction to be successful 2. The exchange itself will charge fee which will be used for maintenance But what it is noticed is that the fee charged by exchanges for the maintenance is always higher than the fee charged by miners. But it's very obvious that their fees is expensive irrespective that they deduct their maintenance fees and other fees that benefits their cooperatives, at least it should be lower than the way it's, correctly to transact with Binance is scaring due to their charge's.
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I always astonished while cryptocurrencies transaction fees are different from each other, while is that bitcoin charges and ethereum charges are not the same, irrespective the values of the two coins we want to transact, bitcoin fees must be higher than the other alternative coin, using ethereum as a case study and as a altcoins representative, if transacting with ETH 0.1 and BTC 0.1 irrespective how ambiguous is bitcoin the charge's will be more expensive, while?
While is that the higher the charge of bitcoin the faster the transactions process And the lower the fees the lower the transactions process,
Does it means Binance in particular is after their percentage or not?
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Fiat and cryptocurrency are the same but people in society differentiate them and value fiat because its adopted by the government far back, and since the existence of the world and also a specific country, so from my research I find out that government just disliked cryptocurrency for nothing, So differentiating fiat from bitcoin is valueless because irrespective the importance and massive adoption of fiat currency from its existence before cryptocurrency, it's obvious that fiat is money and bitcoin is money, their functions and contribution in society never depart from each other, so bitcoin now is the shortest way of transactions across the world without much process or procedures, using bitcoin everything buyable is easier to purchase without stress, so from my perspective I prefer bitcoin than fiat currency due to fast transactions process across another country, and nothing fiat can purchase bitcoin can't purchase, so no difference between both because all are currency.
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From the beginning and grassroots of cryptocurrency in 2009 till 2014 government always antagonist cryptocurrency and also capitalised that bitcoin is methodology or avenue to frauds people in different countries, that made bitcoin not to be really known that period, so it's very clear that the same government that was against cryptocurrency is adventuring into bitcoin with their companies with trust and buoyancy, so government of a countries are behind of inability of some country development.
If government will accept payment with cryptocurrency especially bitcoin it will be massively adopted by civil service commission because I could remember the day I went to saloon to cut my hairs I have no fiat but I decides to pay with bitcoin to saloon management and he accepted payment with cryptocurrency, so if private business owners will embrace payment via bitcoin while can't government of different countries officially make payment of workers to come in two categories fiat and Bitcoin because since the adoption of bitcoin people value bitcoin and also transact seriously with bitcoin instead of fiat currency, so I think is more preferable using bitcoin as payment system to whom that will accept bitcoin.
Many political empires are into bitcoin today and tomorrow because bitcoin has been helping politicians in different ramifications of political life, now it's very difficult before a politician is been probes via government projects funds, wise once purchase BTC and hold with project funds till further notice, so going to bank account details to verify or investigate of project funds it will be empty, but government of countries that adopt bitcoin still don't want to implement payment of salary with btc after they have find out the important of bitcoin.
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Hey, You might want to post it in the more appropriate subforum, Scam AccusationsThat should get more traction from other users/ victims. I think your right because these board is not really suit for the topic, accusations as you said is more preferable than B and H board, so that people who are involved or fall victims of fraudulent will gather information on how to solve their problem's whenever such applicable come to their track, I know that the world currently is made of scamming industry but don't allow a fellow scam you because we are into digital world, many fraudsters are using bitcoin to fraud people who can be easily deserved, so isolate your self from such scammers.
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Plagiarism is extremely bad in different angles of studies even in university a students that is caught plagiarising has it penalty or punishment, even here community made it known to everyone that plagiarism and paraphrasing is against the protocols of forum, so its encouraging that we have to forget copy and paste to avoid cheating the system which is obvious that any one caught shall be ban, creating personal topic make a user to be potential so your potentially and reputation will determine the destination of every user, and our values or poteniality via community is based on how constructive and quality our post is, and I understand that is only ship poster are in love in plagiarism.
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I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months
The amount of bitcoin that you have invested won't just double in quantity but it had doubled in $ value. Your story isn't new with other people here that when they've told their friends and families that they've bought bitcoin. Many did laughed and mocked them that bitcoin is going to zero and their money will be flushed away. I want to know if I will sell it or withdraw it, because is a investment money not for spending.
If you won't spend it then just keep it as is for a longer time. But if you want to take the cash, sell it although the amount you've invested isn't that much. Is obvious that money is meant for spending, because without spending money the mind to get new one will not be there,but from what I know since the money used to purchase the coin is little, is advisable to push the money to another investment platform that will multiple the money, because the purpose is just to enrich from my understanding
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In fact, before there is an effective vaccine, China has successfully prevented the spread of the virus in the new museum by restricting the movement of citizens. This is the most effective way without a suitable vaccine. Of course, this will indeed sacrifice the interests of some people. And collective freedom.
Yeah, with the information i heard, i think corona virus started with china, so China suppose to discover the preventive measure before any other country, so telling me or hearing that China prevented spread of corona virus in their way is not bad and it's also good to purchase vaccine that is manufactured by world health organization (WHO) is actually good.
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But they don't own the highest percentage of Bitcoin out there. You cannot really tell who is moving the market. It could even be just small investors who dump their bitcoins at the same time.
I do think that investors are now shifting to other investments, could be either stocks on other crypto itself, those small investors have dump already when we reach the top. I would not worry much about it. It could also be a correction for the speedy pump that had happened which is almost impossible for other investments out there. I am still thankful it got this this far.
But I do agree that we don't need to worry that much. This is just part of the market correction, of course its sad and frustrating to see our portfolio down, but we have to look at the look term. I'm down like 4 digits as well with the recent correction, but I'm not that nervous or in the panic mode. Shall in addition I will say that irrespective of what happened to market, market is still remains correctable, and we should not keep hope or hoping that recent corrections is in favour of everyone, it's obviously that in investments platform some people benefits and some lost and it's nature of business everywhere.
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Based on me I have no ideas, and is very technical that someone foreign will contact unknown person me to review my necessary informations, I think it's abnormal and insecurities to me to render a vital information to untrust being. Op remember that should be another means scammers of getting details from their clients and immediately such privilege are given to them, it's ninety nine percent, 99% sure their is easy access to penetrate to the security documents of user.
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