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I think there is no age to be rich. Everything is in the mentality, according to Robert Kiyosaki, everything begins in education, for him education is a scam, because it punishes when it fails. He emphasizes that the first thing that must be learned is about business, and that one should not be afraid to fail, from there one learns. Today we can participate in the crypto market, where many enter thinking that they can get rich from one day to another and it is not so, the big millionaires have made investments and have managed to wait, if we start to speculate in the market hoping to get rich Quick will simply fail. It is best to have a thought where it can be achieved, and trade is a good option to start making that future millionaire, studying and analyzing the market, making a trading plan, where trading is seen as a business, as traditional businesses are seen, that way success can be guaranteed. Age is not a factor but long term will give more profits that is why we should start investing early as much as possible.If you read the life of Warren Buffet then you may know at what age he started to invest his money. Age still affects dude! If you will start to earn and invest at early stage you will be rich in your 40's, because you need to keep in mind that there is no fast way to become rich if your family is not rich in the first place, but if you will work hard your own family and childer next to you will benefit all the hardwork you will do in your early stage. |
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Their reason might be because they want to create their own cryptocurrency, so they are forcing many bitcoin related or connected companies , I am only thinking to the other exchanges what will they gonna do? We have many traders in china too, how could they sell or still buy bitcoins too? I think this is a bad news.
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Emotions can affect too much in every trade that we are doing, we need to stay calm and make our emotions stable so that it could not affect our trades, we can make a panic selling in that case we may lose a lot of money, we can easily be distracted by some many things and fud.
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As far as you understand in what have you invested you have nothing to worry about as in my personal opinion you did a great investment and I hope a long term one. Bitcoin is not the get rich over night deal and mostly you have to have patience in order to have success. We're 6-7 months away from halv and the block reward will be reduce and then we can start to see some gains but remember that last bull run was triggered after some months after halv so don't get impatient and sell it , wait a little longer. Also would be nice for you if you would keep your bitcoin into your own wallet instead exchanges.
You dont need regret investing in bitcoin, yes bitcoin price is unstable but we are patiently waiting for the price to pump again. You need to be more patient so that it would not be so hard to you when bitcoin price dumps agaun. Wait a little bit more longer. |
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To make it possible for us to become rich, let's start now. Begin to buy bitcoin and other crypto currencies that have the potential to increase over the years. Maybe we have heard these classic stories already. But this is really the key to our wealth. Do you remember when the price of bitcoin was just 200 $, Imagine if we bought it for 200 $ and will sell it today.
Someone bumped my old thread,but still worth to discuss I guess. Sure we can make profits and become rich if the price of bitcoin increases at the same rate forever,but it will or not? No one can assure you. So don't just depend on bitcoin if you want to be rich but make use of the opportunity available. Indeed. We dont know till when does bitcoin price is higher, it can be go to dip sooner or later no one knows. If you want to be rich you need to take the risk now, if you have some profit now then get it then invest again the other half so that you will not lose so much when bitcoin price dips. |
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No coin at all is not as much success as bitcoin. There are better quality projects than Bitcoin, but Bitcoin is more powerful than all of them because the advertising face is bitcoin. Bitcoin is very difficult to remove from this throne.
Bitcoin is the pioneer, no one can replace the pioneer ,also it has the highest value among all , when bitcoin goes down in my own observation the alts goes down too. That is why no altcoin replace it because all other coins are base on bitcoin price, and there are limited wallet that supports altcoins all of them are in bitcoin. |
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That is why cryptocurrency is still considered a double-edged knife, where its anonymity makes us free to make transactions, while on the other hand anonymity can be used by bad people for criminal acts. Crime in the digital world is inseparable from digital currency, ransomware is one of the cases that had caused a ruckus. Cryptocurrency is very easy to use, payment or redemption via bitcoin is very easy to encounter in criminal acts, because bitcoin is not easy to track and how to use it is very easy, only here is bitcoin as a tool and we cannot blame cryptocurrency.
Its a bit alarming knowing that other people take advantage to the anonymity feauture of crypto. This is one of the reason why government doesn't want to legalize bitcoin and other cryptocurrency, bitcoin is known for the currency that is being used in blackmarket, that's why government official think that bitcoin and other cryptos' main purpose is to be used in crimes. |
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It is east to create your own crypto or your own coin, that is there are so many shitcoins in the market, people create project that is not feasible and not probable to happen, and they will also put that in a cheap exchange, this is true story I have seen so many of this in the market, also after getting a small amount they will flee. All of the project, roadmap and plans that they are showing is not true.
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As mentioned, bitcoin is banned already in China. Rumors suggest that they will release their own cryptocurrency. I also don't know if its exclusive to China, but assessing the current situation where China's population isn't using bitcoin, what effect would it bring even if trade war happens? I don't see any possible effects.
It's not for the first time I read this, but is it true that Bitcoin is banned in China? From what I can see, Bitcoin is not banned there. My first source, Wikipedia, is saying that only Banking ban exists, BTC is considered legal in China: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territoryAnd my second source, CoinMarketCap, is saying that the pair BTC/CNY had the volume of almost 190 million USD during the last 24 hours on the TOPBTC alone:  https://coinmarketcap.com/exchanges/topbtc/
Regarding the influence of the trade war on the crytpo market, it remains to be seen. I can see no impact so far. I agree with you if bitcoin is banned in China, then why does china have an exchange? I mean like bibox, I think a Chinese made that exchange, actually it is one of the top 10 exchanges based on coinmarketcap. I don't hear news so far that China regulates cryptocurrency and they are prohibits it. China does not announce that they prohibits cryptocurrency especially earning bitcoin. |
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Many institution make bitcoin some time dump and pump, they have big power to raise bitcoin on the top or lower price, I think there are many institution have thousand bitcoin assets and running for bitcoin price, they always make bitcoin price when have down and when have to make bitcoin price on higher.
Big whales have always played a vital role in the volatility of bitcoin and changes taking place from time to time in the market. Indeed, all big institutes hold bitcoin because nobody can deny its power and benefits. The future of money lies in digital currencies and we all know that bitcoin is the most reliable and most profitable among all. However, I do not really believe that any particular institute can control bitcoin price. Yes! I thunk they are the ones who secretly holding the bitcoin, I mean they cary a large amount of bitcoins, so they can regulate bitcoin. They probably buy so many bitcoin when the bitcoin price drops last year I think. I dont know if they are already having an institution. But the bitcoin that they are hodling is the only proof that they can affect the market value. |
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I don't like KYC and I believe it is not beneficial to crypto users, because the main feature of cryptocurrencies is decentralization and anonymity. But sometimes I find myself forced to complete a KYC procedure especially with the trusted exchanges to complete my trades.
I agree with you mate. Also, we dont even know if someone is stealing our identity , if somebody already hacking the databases of the company our identity will be at risk. Yes it could be helpful to the company but we will risk our own safety if KYC will be forced us . Im afraid that somebody will take advantage on this thing. |
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Due to the shareholder revolt and a falling stock price of the company they wanted to create this, in order for the Artists and the company itself be able to directly interact with the fans and be more engaged in the entertainment ecosystem.
They're just gonna sell rabid K-Pop fans some shit coin that would quickly become useless faster than the average K-Pop aspirant's career. In general, it's wise to stay away from celeb coins, they usually have nothing solid to stand on aside from the celeb's popularity and even that is not a guarantee these coins would hold their value. Maybe that's your opinion, but this will be a breakthrough, of course, because the KPop is scattered everywhere. especially South Korea already uses a blockchain system. they seem to be focusing on developing in South Korea and several countries that have a fans, this doesn't rule out the possibility of reaching out globally and that will be their great success Yeah, if this thing gonna happen it will be a great PR for cryptocurrency, other countries will see this and they will think this as a good idea that can help them to earn more. We will go in the mainstream if this will happen. There is an exchange that I know that is korean based exchange its probit I hope that they will make partnership with them. |
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You are point most project kill their by listing their token or coin on shit exchange. When you list your token on shit exchange how would you expect serious investors to get to trade your coin or token. because serious investors only trade on bigger exchanges. So i always advise projects that instead of listing on many shit exchanges its better to use that money to pay to get listed on 1 bigger exchange.
yeah, but I think the reason why other good project ended up in a shit exchange or a small exchange its because they dont have enough money or funds to take their project to a good exchange, we all know that for a good exchange they need at least 3btc for a 2 pairs only (eth and btc) nowadays project has a small profit because of many competitors. i hope projects have their own fund before going in an ieo or ico. |
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if you mean like buy diamond (top up) with bitcoin or other crypto, who party that want to ensure this method? this is really good if playing game and we can transaction with cryptocurrent.
there are many game with basic crypto but its just a game, it dont give you coin as reward if you winning something
Maybe he is referring to the diamonds top ups , I can't see any game that offers a diamonds for an exchange in bitcoin, I hope that we can directly used bitcoin in our purchase so we don't need to convert it, because if we will convert it ,the amount will be lessen because of the fee. In this case bitcoin will be more attractive if and only if there is a game who will get this idea . |
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Bitcoin was not made to spend. Not for now. There is a misinterpretation of what Satoshi wrote in the Whitepaper: "A peer-to-peer eletronic cash system". He created bitcoin to be an electronic money system. This is a fact.
Before becoming a monetary system, Bitcoin must be able to preserve value over time. After that, he becomes able to earn society's trust and become a genuine cash.
People accept dollars because they believe that money is still backed by gold (as it was until the end of Bretton Woods), or because (unfortunately) they believe the government will guarantee the value of the currency.
That is, people believe in Dollar because they are sure that money will be at the same value tomorrow. Although this is not true.
99% of the world's population still does not understand, do not know and do not trust Bitcoin. And everything is fine. Bitcoin adoption is a lengthy process that may take decades or centuries to happen.
Bitcoin has never been about just being a simple means of payment. It is not like VISA or Mastercard. He is a legitimate Digital Asset and as such needs to earn trust until it is adopted as money.
Do not spend your Bitcoins. Not now.
Bitcoin is made to be spent like any currency. If all the people will not spend bitcoin the circulation will stop, it is needed to be bought and sold so that the market price will be change. Hoarding bitcoin is not good, it will only makes the price go lower and the supply will be limited. Many will panic sell. Long term hodling is good but we need to spend it. |
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I also lost confidence in the ico token. very difficult to grow and increase in exchange.
This is not a matter of dev and marketing techniques, I think all altcoins are in a fall position with no exception of new tokens that require large communities and new investors.
we have to wait for alt season and bitcoin dominance decreases.
That is the one of the thing that I dont want in some project they dont have any plan when they are already listed in the market, they need to have a concrete plan that when their coin is below the ico or ieo price they will do some things that may rise the price again. I have seen a ieo with that mindset I will monitor their ieo and will let you know. |
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According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
Where did you got to know about this holding of crypto currency by the central Bank of Venezuela? Did they announce it themselves or is it some sort of "fact" that has been circulating around (more like rumors and high chance the words got twisted from "might be holding" to "is holding"). A link to the article would be nice. I honestly think most of the central banks around the world are actually holding into crypto currencies. Only some admits and others keep it a secret. You can always invest on crypto without others even knowing! He don't have a reliable source, it only makes a fud. But if that country legalize bitcoin it will be a good news for all of us, it will makes a news then other countries might do the same thing as them as well. I hope that their economic status will be stable and also this bitcoin can help their citizen. But hoarding a lot of bitcoin if its true, the circulation wil be affected. |
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Bankers just want to make money. In a world of negative interest rates and low volatility, cryptocurrency offers the chance to make loads and loads of money because of how volatile it is.
Probably because they can say that cryptocurrency does not threaten global financial stability due to lack of interest. I have a doubt, in the long run, they might regret what they say since cryptocurrencies for now and they will see now how good it is and very well known to many countries around the world. There are already many people investing in it because they find it more profitable rather than investing in the bank. Also I think they find a good solution when the time comes that bitcoin is already knows all over the world and been already legalize. Maybe they will team up with other cryptocurrency, they will put withdrawal rates too more higher than usual. Add the fact that not all people now are do not know so much thing in bitcoin some of the rural areas do not have internet connection thats why traditional banking will always be the answer. |
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The nature of Africa was decentralization! Africa was unite and great until colonial masters began to centralize everything. Now all the resources is control by the western world. Now that the world is changing and blockchain is bring back decentralization to the world would Africa get their power back?
It is possible, I have known several projects that are base in africa, and now I can say that africans has a power that is differ to the western . But government will be the one who needed to take the first step in this modern era, does Africa already legalize the bitcoin? or other cryptocurrency? Their government is the the key to gain their power back to them by using the blockchain that can improve their economy |
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China is all set to launch its own crypto currency for more than 1 billion of its population how will it effect the crypto market ?
yes they are possible to make their own cryptocurrency, but the main people who can use that is only their citizen we all know that patriotism in china is very strong, and there are many exchange that are made in china like bibox if I am not mistaken, there are so many more so maybe we don't need to worry about, it can help the market I think, chinese are business minded people. |
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