The Simpsons, in an episode of the 32nd season, data on the virtual market shows that the development of Bitcoin is a symbol of infinity. For us, green means rising.
Do you think Bitcoin will be unlimited in the future?
I have not watched the episode but whatever may be the case it is just a scripted show and not any prophecy even though i have heard that The Simpsons show predicted something things which came true at a later time but for Bitcoin to become the symbol of infinity i did not understand in what sense it means, there are literally infinity coins and token in the Bitcoin market or will the number of bitcoin becomes infinity in the future, if it is the latter there is no way it is going to happen. indeed it will be difficult to predict the long term later about bitcoin, bitcoin can be famous for its limited supply, so this is what allows its price to continue to rise, as more and more people know it and need it. when bitcoin is used throughout the country, will the supply increase, or are there new innovations .... I think we will wait for satoshi's breakthrough |
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people nowadays tend to use digital currency ? what is it used for? I don't find people using digital currency except for digital assets only. even though today's technological developments are growing rapidly there are still few people who know digital currency.
Digital Currency is used for a wide variety of conveniences, either to avail or to pay for something. It could also be liquidated and be invested. I think you misunderstood cause cryptos is one kind of Digital Assets the same thing as any Digital Product used to reach people and earn a result. Bitcoin might not be mainstream, but the cashless transaction is relevant today. I think people use Digital Currency more than before. Relative to the number of people who own crypto, the amount of people using it as a currency is practically immeasurable. It's because the vast majority of people who bought into it because of they hype did so because they were trying to get rich. That means holding it for price appreciation, not spending it. considering the current conditions, digital transactions are indeed safer. actually bitcoin can answer the problem, but hit the problem of legality. until in the end bitcoin is only practically used as an investment or trade to make money, not as a means of payment. but at least during the pandemic, many people are familiar with bitcoin because of yesterday's hype |
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I can also conclude that the perfect time to invest in bitcoin is today due to that the market is currently in a dump stage or in a dip stage but still it is profitable to invest your money here, only if you know how the cryptocurrency works and how the market works. Every investment has an equal risk always remember that thing. Due to that bitcoin is the number one cryptocurrency around the world, you can already tell that it is Bitcoin's time by just knowing it is the top cryptocurrency among all the crypto's out there.
Anytime is the right time to invest in bitcoin because you don't know when will it be the last time that the prices will go to that point or this point. Plus, bitcoin has a big potential of growth and missing out on the current prices is going to be a regrettable thing to do. Investing now no matter what is the price if you are just a beginner is the best thing to do. time for now is indeed suitable for investing bitcoin, but even though all times are good for investing bitcoin, but of course we must choose the right time to buy it, because it can give us maximum profit. imagine if we bought during yesterday's bullrun, of course at this time we are still waiting longer |
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Bitcoin and fiat money have their own advantages and disadvantages. There is no need to compare them. Some countries now set bitcoin as fiat money. So Bitcoin and fiat money are characterized by payment transactions, but bitcoin is decentralized, bitcoin is centralized, but the good thing about bitcoin is that it’s investable, profitable, and valuable.
it is clear what you say is true, that paper money and bitcoin clearly have their own advantages that each other does not have. for that it is better for them to synergize with each other to complement each other, where bitcoin cannot be used so that paper money can do and vice versa for what bitcoin banknotes cannot do. So with the synergy together, there will be many benefits. because every country will have many differences in responding to the existence of bitcoin and not all of them are the same. indeed for the initial purpose of bitcoin being able to synergize with paper money is a very good achievement. and let the development of later times that will select it. for now I think it will be a problem if itcoin replaces paper money, because there are still many people who don't know it, because everything of course requires a process |
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ordinary people tend to be afraid to speculate, they tend to find a safe route by working for real. whereas what must be changed in the current mindset is that we must be able to adapt to changing times, so that we can look for opportunities to make a lot of money. just like bitcoin, if we are careful, of course we will not hesitate to invest even though we only have a little cold money
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I think bitcoin is a very valuable asset for the future, so it is not wrong if we are currently collecting valuable assets for the future, nowadays many people want to own bitcoin, everyone knows the price of bitcoin and they believe that in the future the price of bitcoin will be more expensive and very profitable.
Bitcoin has no definite value but everyone believes that its value will be great in the future. Bitcoin is the future indeed. No one would ever want to own bitcoin just for fun but the fact that it wil be of huge value in the future makes everyone crave for it. For me, i personally want to own bitcoin because it will be a good retirement when i get old. Although negative news and fuds are definitely inevitable but we know bitcoin is not a big hype but a profitable asset and investment that is very promising to give us huge profits in the years to come. it's true that bitcoin will be expensive in the future, especially if it's legal in some countries, the price of bitcoin will definitely increase, which makes a bad issue about bitcoin, actually they just want to take a chance because when the price of bitcoin drops there are parties who buy it like in China yesterday, he said China banned bitcoin but my friend in china buy bitcoin it's smart take advantage of the situation you will benefit from it. right, you can imagine until now as if nothing could hinder the development of bitcoin. developments in the digital era seem to flow on their own, even more and more bitcoin users today. with users who are still relatively few of the global population of the world, it is not surprising that later bitcoin will soar in price, when many countries legalize it |
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And now, the market is getting down, like previously, always down because of the weekend.
Well, about sideways, I personally also feel disturbed with this market situation. Commonly, altcoins will go up when the BTC price is sideways, but now, it is still the same, it is still a downtrend.
And I commonly stop trading Bitcoin when sideways because I often lose or drop my asset. i prefer to trade altcoins at this time.
Whales is no longer playing with alts unlike before where we've seen some diversions when bitcoin is falling we will able to see some alts to get some attention from those whales. The market currently giving investors opportunities, you just have to pick the right coin and make sure that you are willing to take some time, waiting for the project to rise back. It is for us to think if we hold now, we can make a good profit someday. But as this sideways continues, better we have to choose for a long-term investment like Bitcoin. As we observe the market, the hypes aren't showing right now, the altcoins never move back high if Bitcoin did not. It is really a need for us to be patient and keep motivated. But if have some money left, I certainly buying more potentials altcoins, not Bitcoin. indeed for now if we still want to invest, bitcoin is the place. I personally am not sure about altcoin projects, except for the top ones, but for new projects it may still be difficult to predict. although the current bitcoin price is still sideways, but as long as we are patient waiting for the next bullrun, then we will still get a profit, and if the price is still going down, then we can buy it back |
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As a Binance exchange trader, when I trapped into losses then I control myself with several experienced which already gained before trading lost. But always considered that every successful business has profits and lost two sides....
It is a good thinking that you are controlling yourself. You stop loss and whenever you fail more than and didn't able to stop loss, you're just going to think that you can get those losses back with your next trade. As for that consideration that there's always the two side of winning and losing in trading, when you lose, the acceptance and learning experience matters and helps a lot. every trader must have experienced defeat, or wrong in analyzing, but every trader can calculate the risk of loss in every transaction, therefore by making trading simple, then we will not run after we experience defeat. but there are also traders who let go of their mistakes until their capital runs out, but for me gambling is not trading |
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when our capital is in gold investment and we want to invest in bitcoin too, I think we can share it. but for me, bitcoin investment should be smaller than gold investment, I think the risk in bitcoin investment is greater, because in my opinion the investment should be proportioned according to the level of risk, and if I may choose, maybe I will invest primarily in property
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Since the investment is considerable, why choose a loan? If you don't have extra funds, I suggest not to take a loan, but to invest according to your own personal ability. In addition, although altcoins are sometimes profitable, they are also risky. If it were me, I would not choose to use my family's money to gamble, I would try my best.
There's always greed seeing the market on a red charts before and if did loan some funds, for sure he already make profit right now as the market recovers. If you are going to loan for investment purposes or for trading and you know that you can get that money back in time, then there's nothing wrong about it just don't ask for a loan that you can't afford to pay especially if you lose that money in trading. There's always a risk, but if you personally see an opportunity to buy at a cheaper price, then I think its worth the risk. But getting that money in time cant be determined because we dont know on when it would pump out so when you do took a loan then you shouldnt rely on the profits you can possibly made with crypto. It is not really that worth the risk if you do ask me, it is much better if you do make out investment on not a loaned money because you cant be sure if you can repay it on time but if you do have other source of income that can compensate with that then its up to you. indeed we should invest according to ability and not to force ourselves like looking for a loan. in a trade we must be able to calm down in order to think logically. loans will only make us greedy and make our minds become chaotic, so that trading concentration is not obtained. I think wealth will be obtained only through the process, not in the blink of an eye |
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"The hardest thing in life is not about how much money you can make, but how to keep your mind calm and live the rest of your life in a simple and carefree way"
isn't both are connected ? you won't get a peace of mind of thinking how can you make more money . if we want a peace of mind we need to live simple . Having a lesser source to get an income would be enough but make sure it was stable . we can still do crypto trade on the side but let's make things easy and less serious. peace of mind is a priority to carry out the next step. The burden of life is getting heavier and heavier, but if we try, of course there will be a way to cover that need. therefore a simple lifestyle will help us to be able to set aside money, to invest or trade, so that later we will be able to change fate, not stagnant like now |
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I don't agree with Bybit as the best margin trading platform, because Binance is still the best right now. Although Bybit exchange
not the best, but that doesn't mean Bybit is a bad margin trading. After all, the trading volume of Bybit is also high, so Bybit is
indeed a great alternative to a margin trading platform.
binance is indeed the main choice of trading platform and I think the best, but I personally also use other platforms not only binance, because some of the coins I own are also not available on binance, like bybit which I think is a good platform, we can use it safely, because basically security is what we are looking for, assuming our funds will be safe, and good service |
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I admit had fallen on coins which I thought to be having huge potentials despite of bitcoin's downturn. Though we're having fears and struggles, that doesn't stop us from growing continuously. Don't let our circumstances become a resistance of every goals that we're about to finish, think about your failures and make it as your strength because knowledge in trading will definitely give you strong foundation.
if we have chosen a coin to invest in and have gone through research, I think there is no hesitation in waiting for the coin to pump. but we also should not be greedy in taking profit, must know the right time to let it go. on the other hand we will be prepared for the worst risks, for example the coin will turn to ashes, so we are relaxed in living life |
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there is no best indicator, everything is good, it's just that we have to be able to use it well. that's where the art of trading is, where even though we use indicators, we are required to keep thinking logically and controlling emotions. I think by using as simple an indicator as possible, we will not take much consideration in determining the order
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Everything is possible in trading, but this will always be depend in the coin we choose, and in accordance with the altcoins
that you had mentioned only XEM is the one good for me where I think it can give me a nice profit in the future as well.
Even below 10, 000$ you can make it into 1M$.
In a crypto market it doesn't take long to turn into a million dollars nor does it take time to decline. You need to know the right time in the market when is the best time to invest in currency if you can choose the right currency at the right time you can get a lot of profit must acquire knowledge about the market with one's own skills. many have succeeded like that, like the previous doge, which reached fantastic prices, and for those who invest before the price reacts will certainly get extraordinary returns, of course we must know when is the right time to release it, if not like now the price is back down, therefore we have to use logic and being too greedy to make a profit |
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Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.
That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes. What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren. It is not just because we have a mindset of becoming a millionaire and we have to hold for a long time. There are a lot of factors why many aren't able to hold, like if you only have limited resources and don't have strong financial capabilities. We can't it in our mind to hold for 5 years, 10 years, or even more but the problem is we are lack of execution, and most of the time our fears got triggered to sell our holdings. on the other hand we have to know the right time to sell it, and this is what no one knows in advance how long the bullrun will last again. therefore if we look at the price of bitcoin which used to fall in the range of $4K until now for 4 years, then what percentage of the profit will we get. and I think if we never sell it, then later it can also be inherited |
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I believe that Bitcoin has a really bright future. Bitcoin adoption will reach a much better level compared to now. The number of places which accept cryptocurrencies will continue to rise and we'll be able to see Bitcoin as a payment option almost everywhere.
I agree with your opinion, bitcoin has a very bright future, considering that bitcoin users are increasing day by day, and bitcoin can be trusted, and can be made as a very safe investment, even though China prohibits bitcoin mining, but other countries accept bitcoin with open arms, in the future many predict the price of bitcoin will continue to rise.. We really have to be optimistic about the future of Bitcoin, so that there is no doubt when investing in Bitcoin. Moreover, as you said the popularity of Bitcoin is increasing and slowly some countries are starting to accept Bitcoin. Therefore, it is very likely that Bitcoin in the future its price will continue to rise, so now our job only needs to collect as much Bitcoin as possible. If you look at the future, I don't think there will be a problem with investing in bitcoin, considering that later it will soar as many people need it and the supply remains, even tends to decrease. especially as you explain, that there is more and more positive news from countries in the world to understand bitcoin, but it does take patience and we don't know when the bullrun will happen |
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although in this year BTC began to show a positive side and made people who used to be in the bank and now switch to BTC it looks like this might make many people switch to BTC.
but not all of them switch to BTC, only crypto lovers love bitcoin and I think this is a competition between banks and BTC. because if people switch to BTC maybe the bank will experience a shock, but the bank is also still trusted because it is safe to store money
for now bitcoin is only used as a tool to print money, and finally the fiat money is stored in banks, and can finally be used to buy necessities. therefore we actually only carry out their respective functions, because we need both, considering we are cryptocurrency lovers |
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at this point in their view bitcoin seems heavy to be used according to its original function as a currency. Moreover, they think it will be difficult if the government leaves the centralized system, which can be controlled. In other words, bitcoin doesn't seem to have a real function in life, so they think bitcoin is risky for their investment, although not all rich people think like that
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COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
Governments are doing everything in their power to stabilise the economy and revive and hurting business. Basically all major countries have huge corona relief programs, they are issuing a lot of new debt and insert it into the economy. The money is either given directly to the consumer or the companies in form of tax reliefs. That is why we are not seeing any falling prices. The governments are doing something to try to help the economy recover, the problem is that they always do the same thing, they printed a lot of money to stimulate the economy but this raised the price of everything just at the moment when a lot of people lost their job or saw their income reduced, meaning that they cannot afford a great deal of products they could before, reducing the sales of those businesses which in return means that everyone needs even more help, forcing the government to print more money, so to me while the healthcare crisis could be overcome during this year I do not believe the same will be true for the economic crisis that is coming. things like this seem to be a dilemma, where when people lose their jobs and have no income, the government comes and provides assistance, so that it can move the economy back, on the other hand the government prints more money, which I think this will be in the future burden the community because of inflation that continues to occur. Hopefully in the future the government can take wise steps to overcome this |
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