every country has their own reasons for rejecting the existence of bitcoin, like my country the government is afraid of money laundering in its country's officials, and companies in my country
Due to the anonymous bitcoin system for its owners, it is difficult for the state to detect it
money laundering in every country must exist, and it has become an old story of one country, that's just a classic reason one country refuses bitcoin subtly, because they are afraid that their money / currency will be worthless |
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he plays axie but doesn't have ETH and can't buy his own ETH on the exchange, he have SLP or axie he can exchange it for ETH,
but you can also help him to buy him ETH on the exchange with a fee charged to your friend, so that he doesn't get fooled by P2P out there, because there are many fraudsters under the guise of p2p
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XRP is not new to altcoins and has hit a high of 3$ in the past few years. I think at 5$ it can be achieved if XRP can restore its market community by winning a lawsuit from the SEC
if in the near future now I think XRP is still difficult to reach 5 $
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I'm more into trading than staking and farming,
the reason I prefer to trade is because I have coins from bounties and airdrops, and rarely invest with personal money.
but some say staking is less risky than farming I have never tried it maybe I will try staking and farming in the future and I will return to give an opinion on these 2 things
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BTC is decentralized, while XRP is centralized.
Can you provide a more complete explanation of centralized XRP? I think it's about a different point of view, but it would be very interesting if your explanation was more complete, XRP and Bitcoin have distinct advantages but even so they are both equally in the cryptocurrency space, so they are both good choices because they have large market cap. maybe he meant that XRP was supported by the Bank, so that XRP became a centralization project because it was assisted by banks. but correct me if I'm wrong, because I didn't follow the XRP project because the price was too stable for the last two years. |
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You don't have to monitor the markets all of the time. Just because you don't day trade, you're no longer a trader. You're still considered as a trader if you buy and sell at any time that you want. It is when patience comes and makes it as an important attitude to cater your success through trading. Patience in a manner that you only sell when you get into profit, you don't make yourself affected by any bad news but you go according to your plan of when and how much is the price you're about to sell.
I read what you explained and it is like trading management that every trader must do, patience and also a self-made plan is what traders must do to be successful, without proper trading management traders will have a hard time getting success. |
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Saturated like what do you mean? if I look at the cryptocurrency ecosystem as too many junk projects, there should be an agency that regulates the creation of new cryptocurrency projects so that no scam project will emerge,
Decentralization is good, but Decentralization without a clear rule makes scammers free to deceive anyone in cryptocurrency.
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I prefer DeFi coins because the DeFi project is the choice of investors in 2020, the DeFi coins that I will hold are UNI, LINK, MAKER, YFI and also COMP, the reason is because these coins have a high market capitalization among other DeFi projects.
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Investment is not as easy as people might think. You see people in youtube, tv they always telling us to invest to generate easy money but honestly they are just some BS and yeah half bread better than none. Usually when people gets greedy want to take as much profit as they can they instead losing.
Investing is not easy, there are many mistakes that a beginner may experience, even a professional will definitely experience defeat, and always remember there are no consistent profits, so always be careful and you must invest in a safe place, if investing in cryptocurrency choose coins that have high liquidity. |
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This is good news for bounty hunters who want to be active in forums other than bitcointalk,
but are the altcointalk forums crowded? because I have not been very active in the forum for a long time, only active a few times if there is a sudden need or want to participate in several campaigns.
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Cryptocurrency coins that are suitable for buying coffee are Ripple or Minter, these two coins are cheap and also the transactions are very fast, so it is very suitable to be used as a means of payment such as buying coffee or goods that are cheap.
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Basically market movements are not due to whales, but because of market sentiment that wants market trends to move like that,
The whale actually only supports the price to move in accordance with the current market sentiment, and usually market sentiment is formed due to news and also trading analysis signals.
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Yes, I have used the Greed Index, it is accurate if the market conditions are very extreme, usually this is because FOMO is too strong so the market is overbought, I never buy coins when the market is overbought, because I know that soon the market price will fall.
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I prefer not to trade in just one coin, but trade multiple coins to minimize losses,
while the funds you have must be divided into two parts, first is the trading fund and second is the anticipation fund, the anticipated fund is useful for buying gradually when the market suddenly falls very deep.
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I will suggest some coins so that you are not confused when mining it.
Choose at least three main coins such as Bitcoin Gold, Vergecoin and also Litecoin, these three coins have a good market cap, so you don't have to be afraid when selling it, and for Zcoin you can create a masternode instead of mining it.
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Binance has gone back to Defi which people are really going out of it now because if the hurt etc. Binance ieo can't die but they may delay a bit because of the Defi condition is overrated and this is festive period too. Hence Binance exchange is still functioning, the ieo can't just die off like that.
I am also not sure if Binance IEO is dead, Binance rarely does IEO it doesn't mean that Binance IEO is dead, but because CZ doesn't hold an IEO because it follows the current trend, CZ knows that investors now prefer DeFi to IEO. |
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DeFi is not a threat to centralized finance. because Defi doesn't have the strength for it. at this time, people have started to doubt Defi, many Defi projects that only want investors' money. sooner or later Defi's popularity will fade. so before Defi has the power to compete with centralized finance, Defi will be forgotten first.
The project about DeFi has been around for a long time, but because in the past the ICO trend was more popular, so DeFi was not very attractive to investors, in 2020 the DeFi hype was huge, finally many new projects appeared about DeFi. But because of this, many scammers appeared which would make a lot of people distrust the DeFi Project because many investors got caught in the scam project. |
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In 2017, the privacy coin had a very high popularity, but because of that a lot of privacy coins appeared like XVG and PIVX, and now I see that very few people are interested in investing in privacy coins, so I'm not sure the price Monero will hit ATH like it did in 2017.
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I agree with you especially advice on controlling greed and also doing research before investing.
The way to practice it is by trading, for a few months I was inactive on the forums trying to learn to trading, and I felt it was very difficult to control greed and also do research.
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