There were lots of jobs that blockchain and crypto produced and like developers, managers, technical writers and other crypto related jobs that can be found on other mediums like telegram. This creates lots of job and those jobs can be done at home unlike those traditional job that need to be done at office.
besides that we have the freedom of time, so we are required to discipline ourselves. and amazingly, there are many who have fantastic income in the business. You don't need to worry about making money from here |
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I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
That is a fact because many of my friends have finally left work in the real world and then concentrated in the crypto world, precisely in the world of trading. trading is one very interesting job because it provides many benefits for the perpetrators. Trading can be learned and our skills can increase when our experience increases. We all have the same opportunity to be able to make a profit, believe Trading can provide success for us all. This is an interesting type of work and also brings us a lot of money. The market is not always in bearish right? and even in bad conditions I'm sure professional traders can look for even small opportunities to get profit. my advice because trading is risky, and not always the market conditions are in good condition, you have to consider it carefully before quit, the income you will earn will not steady as you get on dailyjob right, there is no certainty in trading, we cannot earn the same income every day. I think things that are related to psychology, we must learn first before we go into the world of trading |
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You say that you are involved in bitcoin for a very long time so I guess that you have good skills in trading.
If I got it right he said he is involved with BTC for a very long time not involved with trading.. and you have to keep in mind that not everyone is a trader, some are just hodlers.. For now, I have recently become interested in higher risk intra day trading - but personally, this is not my area of expertise.
This forum can be the riskiest place to look for a good trading partner as OP can just be exposing himself and his money to many good scammers around. Now, the best thing to do is to learn the whole thing yourself but since it can take time OP is looking for an able and professional partner. I am advising OP to deal with a group (akin to an agency) which has a good track record and experience as dealing with just one person can increase the risk. to manage such a large amount of funds, of course, must get partners who have good credibility. I agree with finding a trusted agency. because there will be a lot of scammers coming after this thread is loaded |
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I prefer trading with scalping techniques. with this technique, it does not require a long time to trade. but the smaller the time frame used, means the risk will be greater, of course the movement of the candle will be faster
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when we will start trading, of course we must have a goal whether to be scalping or long term. so if you choose scalping, of course take a little profit but the duration of time is fast
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Actually, initially, my family has helped me financially. Even later on I joined some numbers bounty which helped me a bit for the investment. But now I'm totally a horror Because it is not possible to approach next investment for me.
LOL, why are you beginning to find it difficult to make further investment, have you gambled with your initial investment or lost it to whales? I know a lot of us were hit by that massive dump that happened after the bull run of 2017, but I refuse to drop my own coin to the whale’s hands by not panic selling. I still have my investment even though I have lost the value, but I will rather continue to hold it till I earn it back. Luckily for me, I was a bit rigid in my investments as I only invested in major coins like BTC, ETH, XRP and EOS. Other alts that I have are basically gotten through bounty campaign, so I still have nothing to lose there too because they will still increase. right, just like me where I keep holding coins from the bounty campaign that I previously obtained and partly I invested in btc and eth. at this time prices have started to rise and hope is back |
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I think the price is determined by simple demand and supply. Scarcity also plays an important role.
I understand your point though. I kind of suspect that bitcoin/crypto has an advantage over others due to early adopters & believers holding large amounts of coins unlike the case of governments holding much of gold supply for example which makes the price easy to manipulate.
indeed, with demand and supply and limited supply forming the price movement of bitcoin. but I think even though gold has an unlimited supply, but gold has high trust from all people There's no real value of bitcoin, it changes every hour and every day but the supply and demand dictate the price for that specific date and changes again in the next day. We also have to admit that the price of bitcoin can manipulate by the whales and we have to be aware on that so we can know when to sell our coin if you are not planning to hold. Real value of bitcoin is just a belief of every investors, no point to argue on this. Satoshi must have seen all these issues ahead, and probably reason why he created coins with limited supply, whales are able to manipulate the market today because we still have enough supplies for them to work with, a time will come that the supply will finish and people will start hoarding their coin, at this point, demand will become so high while there is no longer supply. So it means people will hold on to their coin so tight, and then we will have a very less volatile market and I think like one of our mates have said, the real value will come out then. So I still believe that with little volatility, the real value of bitcoin will come out. I also think like that, at that time there will certainly be a lot of demand and little supply. so I think the price becomes illogical because it soars. and I think it will be even higher in the future, because the inventory continues to decline. for example a bitcoiner dies and doesn't inherit his wallet |
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It is impossible to make money in this bear market because most of the coin will decrease in the market. Instead of making money we should grab more coons in the market, grabbing more coin in the market will help us to make money when the market starts recovering.
the bear market is certainly an opportunity to buy as much as possible. but we have to find the right position to enter the market, so that it doesn't float too long, and can maximize profits later |
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I never tried to do bitcoin loan even I have collateral because I don't want have a problem in the future. Although this lending is spread all over in crypto space to help other cryptocians I think we still need to be careful to specially the lenders bec3you don't have any assurance if the borrower will pay you. just like me, where I am not interested in crypto loans, I prefer to invest in personal power, because my psychology is not able to bear the debt, rather than damage the mentality later |
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Cryptocurrency has a big impact on the economic growth and trading war going on between China and Us. However, this controversy and despite mining being banned in China, these occurrences couldn't affect cryptocurrency's growth and it will still go better. The blockchain industry is too resistant to face these issues.
You have a point. There are several issues before originating from China, yet bitcoin keeps on growing. It doesn't stop because of China's problems. The scope of crypto is already bigger than China. But if it will do good in terms of bitcoin's price, why not? And suddenly it went to the otherside, the market valuations is fallen a little, not sure if chinese elites are trying to drag the value down to buy more cheap coins to store inside their wallets, if this trade war will trigger chinese elite to buy in and start looking for this market as another venue for investment then why not, if this concerned will bring good things to our investment then why not. China has always been clever to take advantage of the opportunity to become the most influential country about the economy. last year there was a dichina issue that crypto was banned, but I think there is another purpose behind it, and we believe China holds a dominant role in cryptocurrency |
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Because could bitcoin represents a value reserve or acts as a "digital gold", really could it change the world in a deterministic sense?
What do you mean 'in a deterministic sense'? That's the part of your post that I did not understand. Bitcoin is a long term store of value by design, given that it doesn't have the issues that fiat currencies are faced with in terms of the ease of which the value of fiat currencies can be debased simply through centralised manipulation. Even if bitcoin doesn't necessarily replace fiat, it will be of value in the sense that it'll provide a stable, save haven type global asset for people to hedge against inflation in fiat, especially in countries which suffer from hyperinflation. Perhaps that's the answer you're looking for. like in my country where although not as a currency, bitcoin will be included in the stock exchange as an investment tool. therefore it will be rich for those who are loyal to bitcoin to keep holding it in the long run |
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Cloud mining is a myth. In fact, you are taking more risk investing in such endeavor than just buying and selling Bitcoin even as a noob trader. There is no metric you can extract on how much your contribution helps because everything is opaque.
right, I also prefer to buy or sell it personally. thus the risk is in us, not in the hands of others. from the beginning I was not interested in being able to study, so I did not study it further |
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For the future everything is important so investing on every table kinds is also helpful for the future right now that is developing with lots of stability that's why the investment process and thoughts will came for the people to invest in this currency also.
Investing is one thing but you have to add more just so you know. Your money won't work for you because if you want that you should've been a millionaire by now. for stable coins, of course there are those who expect it. one of them is an opportunity to function as a currency to be open. but it needs a role from the government, because to achieve it I think it requires recognition from many countries |
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If you're referring to companies direct, then you're wrong cause there are lots of exchanges these days and all of them functions with banks. No cryptocurrency exchange can function without having a bank account, if there is one, the mention it! None. And if you mean in terms of crypto companies providing bank services to individuals, then you're also wrong cause there are lots of wallets that serves for the same purpose as of banks. You can send money through crypto wallet and you can also receive. Then there are some offers debits cards as well, the only difference is that crypto users are meant to stay anonymous. I think there were selected online wallet services available in a specific country, that offered direct bank transfers using crypto towards fiat savings. Hopefully all countries who has no conflict with this type of systematic approach, will acquire desired plans for the future. Precisely were all bounded to look forward in terms of adoption drive through so banks will soon be accessible of crypto transactions. if indeed, as you explained, it means that in that country legalized bitcoin, so that the bank can transfer the crypto currency directly. but unfortunately there are still a few such countries. of course there is a government role in it |
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understanding inequality will not disappear. but setting limits on decent living is a measure of the government's success. by having a good salary arrangement, then even lower employees will be able to fulfill their basic needs
What you mean with 'setting limits on decent living'? That governments should introduce a cap on how wealthy someone can become in order to not have the gap between rich and poor grow further? I find that one of the most stupid recommendations so far. People need to stop being so sensitive to others being wealthier and more successful. The most important step towards change is to have it no longer bother you. Smart 'poor' people don't complain but actively look to improve where possible, while the more ignorant 'poor' people continue to complain about how shitty the world is and how they can't make ends meet. I think with a lower salary limit for a company, it will make employees have more money that can be used to invest, let alone investing in cryptocurrency, so that later they can also follow people who are already rich first |
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Even if people have a job the inequality will not dissappear. Why? Because is not paid enough and people don't have enough money to buy what they need sometimes, and this is just the fault of governments, because if they will do something for people then people should afford to buy what they need and also economy some money.
understanding inequality will not disappear. but setting limits on decent living is a measure of the government's success. by having a good salary arrangement, then even lower employees will be able to fulfill their basic needs |
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Of course it requires a very heavy calculation to believe in one technology that governs all global finance, a little risky when they are too innocent to believe in all the risks that exist today rather than not supporting but would be better to improve existing internet technology and security, everything will go hand in hand, I don't think it's time to adopt everything because the system isn't entirely safe.
I agree, indeed requires a process of understanding to be able to use a new technology. moreover the technology is contrary to the current order. but I guess let them judge and finally be able to decide |
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The only reason I'd go with the "democratic" system is that even though we can't say we are completely financially free, we can still affect politics. Systems like China only works while the economy is good, if it's not you just suck it up and sit quietly in a corner.
I agree, at least with our voices it can still influence political travel, with a democratic system. from this system, the people's voice is very decisive to bring the direction of travel from a country |
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talk about economy many think can affects the price of goods. lately the price of goods in some countries has soared high, the worst example is Venezuela, the currency is worthless because of inflation.
the fact is that workers' salaries rarely rise and the price of goods increases. even though in our country inflation impact is still small and the price of goods is still affordable. this problem is the government duty make the price of goods is stable, and the worker's slaries get increased.
I think salaries still increase but it only increases at a negligible level when we see the value of goods rising too quickly, and although the government can through stabilizing the price of goods to control inflation but we should not wait for help from the government, their work process needs too much time. Instead of relying on them, I think people should work smarter and accumulate more knowledge, invest and create various sources of income, it will help us grow economically and not get too much influence when the currency is depreciated over time I agree, by investing in something that can potentially make us have financial freedom, and after that of course we are not interested in becoming employees, and establishing a dream business |
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Not on our country yet, but once Starbucks here accepted Bitcoin people will notice cashless order and Bitcoin will become a talk of town until every news will cover how Bitcoin works.
I don't think it is effective in my country. because there are not many bitcoiners in my country. there are still many who trade using cash, and the krypto currency is not widely known, unless the government immediately legalizes it |
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