We are saving for a house down payment of 40K. I don't want to leave it in the bank as there is a old judgement they can take any time so i want to store it in crypto as we grow it over the next 6 months. Is a stable coin the best option? Thoughts?
See OP thats a really good thought and as you want to invest in crypto but this market is too volatile and you could loose your money at any time as market can crash in coming months and your house dream could shatter so be wise and try to invest only in some potential altcoins most probably only in bitcoin as it has high rerurns over short period of time.Hope you can achieve your goal and price rise and we all gain profits along with you. |
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Yes of course i am holding small amount of money in the form of btc investment as it is most profitable coin in the market and in the future the rally will push the prices to ATH and prices will be high to invest at that momemt.Being optimistic about its growth i beleive you should invest now at gain profits in long term when prices will cross $50k and reach new heights after adoptions at global level.So you should also hodl your coins.
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Not much pretty sure about what actually cops think of crypto in our nation as they don't have information on such topics but according to me the government provoke them to think that they are more related to scams and criminal activities and don't know it as moreover a currency that can be use to make digital payments with safe network over internet.But slowly with new ventures and projects they will also be more aware about crytocurrencies.
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Seriously speaking btc prices have came long way from starting and reached $20k in 2017 but now they stands at almost $9k but its not easy to reach such level of prices. The next year halving can lead prices surge to $15-$20k again and in future the prices will reach $45000 above with increased adoption and technical issues being solved like speed,fees and technology.So its long way before we reach that level inspite btc being volatile and anything can happen in this market.So we need to ignore such speculation by people who call them experts and wait for the right moment to come and gain profits. |
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You need to understand the fact that btc and other cryptocurrencies being decentralized in nature cannot be controlled by any governmemt,insititution or any other individual.Thats why they are free to operate in market and volatility depends upon on market demand and supply.Although china control network and being center of mining have influence on prices but mining farms are present in different parts of world so they do not contribute much to the market and btc have value as it is free from any political issues.
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If we consider earn bitcoin as some goal, or something else altogether, we must have the following:
Work, the effort to succeed, and the ability to cope with the environment.
These are the three basic things to be successful. And most of all it refers to things like bitcoin.
-Work can be divided into: work by obligation and work by motivation.
these two concepts are different because I quote "He who wants is better than what he has to", therefore more productive and intense work that brings better results and rapid progress towards the goal.
-The effort in this case can be divided into: incorrect effort and correct effort.
Improper effort, that is, a desire to work and be better
but you are still learning the wrong way (and you know the way you would be better) and therefore have no means of progress
The right effort is to learn it the hard way because you know that you will be better off if you hear it right and it comes to your own later.
The right effort to progress in everything you do has to exist, the basis of every progression is.
-Being able to cope in the surrounding area is one very important thing, it will not always be possible to seek help from someone, sometimes we are left to nature and we are our own boss. Someone gets it by birth, someone gets it, and everyone else is just miserable workers who do nothing from their lives. "If there is no way find it, if you don't find it, make it"
Conclusion:
You don't always have to wait out of the chair with your feet up on the table, you don't reach your destination that way. Nothing will fall from heaven into our pocket.
We must give 100% of ourselves to succeed what we want.
If you really want to earn profits then you need to work hard for it as nothing in this world came free of cost.The profits can be your salary or cryptocuurencies or any other form of payment but if you want it you have to earn it in the right way.Moreover you need to learn about the feild in which you are involved and slowly gain expereience with its usage.Set some rules for you to achieve your goal and try to move in that way even if the wind is in opposite direction never lean backwards and you will get success one day.See the sayings and wordings of some renowned personalities which can inspire you. |
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Such types of meeting by influentia personalities promote the adoption of cryptocurrencies around the globe although it was just normal meetup not any official meeting to announce something.But twitter will adopt blockchain technology to compete with other social media modes like facebook to gain more customers and increase profit base.So we hope most people are aware about these coins like bitcoin and adopt them in wider way.
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Conducting a survey and asking questions about priorities of people while they invest in crypto is really a good idea and i appreciate the efforts you have made in framing your questionnarre which works as feedback from investors and bounty hunters so as to provide them services according to their satisfaction.Really good work OP keep it up.
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I regret entering the market so late as i entered few years back only when prices were high and last bull run of 2017 hit the market taking the prices to $20k which no one could expect from btc.This is the power of cryptocurrencies like btc that they have potential to change the digital world by shifting momemtum from fiat to digital coins based on blockchain technology.The prices will soon reach ATH and we all will be happy to be part of financial revolution.
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You can't have any access to that site until you remember the name of site and then you need to fill the credentials with your username and password which you can't figure out. So let it go and beleive me by this time that site must have vanished or even if it is present it wouldn't let you to withdraw that much amount so stop dreaming of all this.
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Recently, I heard that China banned holding cryptocurrency and cryptocurrency transactions, so does that mean that having cryptocurrency in China would be a criminal offense? Moreover, why create such a ban in the first place?
No there is no such legal restriction or law passed which states ban over cryptocurrencies use in china although they have shut down certain exchanges which were dealing in crypto business.So we can say that you can trade there but they are not legal tender currencies to be used in China.They are planning to implenent blockchain technology to create their centralized coin which i personally think.But if they plan to do so prices may crash as China is leading market in asia. |
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Making videos on youtube about crypto and sounding liking an expert is easy task but they just waste the time of watchers spreading fake news and making false predictions.Do you have any justified reason for btc price to jump to $55k by next year when they are struggling to cross $10k zombie trap.So i would suggest you to avoid such channels who are there just to speculate wrong prices in order to gain subscribers and earn millions by fooling you.Just do your own research and gain profits from the market by doing it yourself.Those who have skills use them don't advertise about them.
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How to take advantage BTC Pump and Dump in short period?
You need to have technical analysis of the market and regularly monitor the market growth of the coins and predict what is exact time to buy or sell.But executing this in short span of time is not at all easy task beleive me and you need to have experience for the same. Buy at low prices and sell at high prices which will get you profits but this is what most of the trader misses.So try to catch that point. |
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There are many statements regarding China but i don't think they will be willing to legalize cryptocurrencies in order to defeat decentralized system by adopting blockchain technology and trying to create their own centralized coin.But what impact it will have on prices can't be speculated at current so all we to do is wait for time as China is major gameplayer in crypto market.
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See its good if you want to advertise on social platform regarding crypto news but twitter may not be good option as there are many influential person who are followed by hundered of crypto enthusiasts.But still you can try to build your faith by posting really good quality stuff on your account not promoting shitcoins in the market.So try on different social media platforms and widespread your thoughts there. |
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You have mentioned some key points which are essential for trading if you want to survive profitably in this volatile market for long time.
1-Invest what you afford to loose as you will have the courage to bear that much loss
2-Dont blindly follow trading signals as they push you to invest in shitcoins for which they get paid
3-Gain expereince by learning from your past mistakes
4-Hodl but know your profit points where to sell
Other can be your plans and strategies to trade wisely in this market.
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Cryptocurrency is a multi-billion dollar industry. With a current market cap of $226 billion USD (at the time of writing), this once fledgling industry has grown into the massive market that it is today. Let’s take a look at some of the key players in the crypto industry: The teams behind the top 5 market caps, and how they got to where they are today. https://www.youtube.com/watch?v=KP_hGPQVLpABITCOIN (BTC)Bitcoin is the OG blockchain and cryptocurrency. It was created as a response to the global financial crisis in 2008. On 31 September 2008, Satoshi Nakamoto released his whitepaper “Bitcoin: A Peer to Peer Electronic Cash System”. Since then, Bitcoin has grown into a $150 billion network (at the time of writing), with roughly 5.8 million active users, largely thanks to exchanges and trading platforms facilitating the trade of BTC, like eToro, Binance or Coinbase. Bitcoin’s price peaked in December 2017, when it reached around $20,000 USD per coin. So, who are the teams behind Bitcoin’s rise to the top of the cryptocurrency empire? - Satoshi Nakamoto: The mysterious founder and creator of Bitcoin – Nakamoto’s true identity remains a mystery to this day. Many so-called “Faketoshi’s” have been named in the media, including Craig Wright, but so far none have proven to be the real deal. Satoshi is undoubtedly amongst the key players in the crypto industry. - Roger Ver: Roger Ver is the Executive Chairman (and former CEO) of Bitcoin.com, and leader of Bitcoin Cash. RIPPLE (XRP) Ripple was founded by Jeb McCaleb and Chris Larsen in 2012, although the concept was originally conceived by Ryan Fugger in 2004. Ripple was built by Arthur Britto and David Schwartz, and Ripple’s coin is XRP. It’s current market cap is $12.6 billion. ETHEREUM (ETH) Ethereum is another blockchain, built on the basis of smart contracts. Vitalik Buterin founded Ethereum in 2014, and it went live in 2015 – with 72 million coins “pre-mined”. Ethereum’s token is called ETH and it has a current market cap of $20 billion. Other key players include Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, and Amir Chetrit. https://www.youtube.com/watch?v=WSN5BaCzsboBITCOIN CASH (BCH) Bitcoin Cash came about as a result of political disputes within the Bitcoin developer community. In 2017, Bitcoin underwent a hard fork – and separated into two systems: Bitcoin and Bitcoin Cash. Bitcoin Cash has a current market cap of $4.12 billion, and its coin is BCH. Key players in Bitcoin Cash include Roger Ver, who is also the Executive Chairman of Bitcoin.com. Bitcoin Cash experienced another hard fork in 2018, but we’ll touch on that at a later stage. LITECOIN (LTC) Litecoin is another hard fork of Bitcoin, and was founded in 2011 by Charlie Lee – the CEO. Litecoin is developed by the Litecoin Core Development Team, and remains one of the top 10 cryptocurrencies to date. Franklyn Richards is the COO of Litecoin. Litecoin has a current market cap of $3.5 billion. CRYPTOCURRENCY: THE FUTURE OF GLOBAL FINANCES Without a doubt, cryptocurrency has a huge role to play in the future of global finances. In just over a decade, it has grown into a $226 billion industry – and is only going to get bigger. When looking at the key players in the crypto industry, one thing is clear: the level of ingenuity and creativity is unparalleled. Cryptocurrency is only going to get bigger, so we’re due for an incredibly exciting future. https://itsblockchain.com/crypto-players/You have worked hard before writing this topic and i appreciate you for you efforts and first instance i thought you have mentioned some infulential names in crypto market but then i realize you are talking about the coins that have changed the digital world over these past few years.Some of them like BTC and ETH will always remain on top in terms of volume and market cap due to their technology and adoption on various platforms which will prices high of both the coins.ETH was high in 2017 but this year growth signs are less due to less advancement in market and less new legit projects coming in market which use ETH as base platform so it will take time to rise but always remain in my list.Other mentioned coins are also potential until some replace them with higher technology. |
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Should we expect a big dump this week ?
I think the market is experiencing strong volatility but in the future the trend will be bullish. You know, it is nearing the end of Q4 and the sharks are often pushing for growth. 2017 has made that very clear and I also expect it this year. I believe that bitcoin and alts will have another strong pump this week so that bitcoin can overcome the $ 9k1 resistance. The whales always tries to manipulate the prices by pushing forward the prices and then creating dump situations in order to invest more and then when bull run hits the market they gain larger part of profit and small investors gain less amount of profit as they get panic and sell at low prices only.So we need to keep control over nerves and be patient in this volatile market if you want to survive for long run along with returns on your investment.$10k barrier will soon be crossed next year and will reach almost $15-$20k as per speculations so we need to hodl and wait for exact time. |
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I am surprised that you are missing some prominent and potential altcoins like ETH from your portfolio as you should contribute 10-15% of your funds toward ETH and invest more in Btc for long term high returns.Rest of the altcoin you have choosed are good as per your wish but do some research there are many more good coins available in the market so invest wisely.
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I will suggest you that if you are willing to invest in bitcoin then you should wait for some time as we can witness dump situation anytime before the prices go high.The prices can go down to $7000 in that time and it is oppurtunity for investors as prices will cross $15k next year and you will be having huge profits.So study the market before investing your funds.
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