This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
Helped me learn a lot about the market and some aspects of trading and economics. Well if your friend waits for a long time he will be missing out the opportunity to make massive profits. But still it won't be too late when he enters the market. Crypto currencies are still on their infant stage and yet to develop more. The more it starts to develop the higher the value of each and every coin will be. But since your friend is on loan, let him be debt free before involving himself in such risky investment. |
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Personally i would say it is both a good and a bad decision based on how the tax is treated. In the US, you have to file your tax report and everything related to crypto currencies. You don't only have to report when you receive bitcoin as payment (income tax report), but also all the gains you get from the rise of the price of bitcoin (property tax report, not sure though). This surely sucks and is not actually a good thing.
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Banks are not that cause distrust. They are more angered by the fact that we do not understand anything, what happens to our money.
Actually no! We know what is happening to our money and what they are doing with it for which we do not trust them and that is actually what makes us angry. They are the who starts taking full control of our money and we start losing our financial freedom. Having to answer them everything about our money also makes us lose our own privacy. Its our money and we do what we want but the banks are restricting us from it. |
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Most countries you mentioned are under developed countries filled with political corruption. Sad to see peoples right to financial freedom being snatched away from them. Those countries are the one that are likely to develop unless their government are overthrown by their common people. Funny how they say that using bitcoin is associated with "money laundering" and yet this is going to be more advantageous for them to hide their dirty money  . |
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There is no such thing as "bottom line" in crypto currency market. The value of the coin can range from few cents to thousands of dollar. A coin that worth two thousand dollar, can end up being only few cents. Same goes for bitcoin too. Like look at the price of bitcoin back in november 2017. The price was almost above $20,000 and look at the price now, somewhere between $7,600.
Don't wait for the "bottom line" to invest your money since that line might never actually come.
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The trend was bullish till the uncertainty of ETF. But after ETF proposal was reject we saw the price started to fall. This is temporary and it will eventually recover. If you are thinking about investing on alt coins, then you should keep in mind that the price of alt coins are more volatile than bitcoin. The price does react with the price of bitcoin, but does not always move the same way. On other hand, if you want to invest on bitcoin, then go ahead. It is risky too, but less riskier than altcoin. You made 40% loss, because you probably invested on coins that are actually not very popular.
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The value of bitcoin will be a part of "games of whales" as long as there will be volatility of the price in the market. The whales will take advantage of this volatility to maximize their profit. Again price manipulation will exists until everyone starts to adopt crypto currencies and knows in depth about the market. And about the banning, there is nothing we can do if the government bans bitcoin.
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Not sure how you are comparing and relating the growth of Bitcoin with ICO. What you said is wrong. ICO does not influence the price of bitcoin. Having more ICOs in the market does not mean that the price of bitcoin will start to increase since people will invest on ICO using bitcoin. In fact it might be the opposite. There are tons of ICOs which are just pure scam. All they do is raise money from investors and runaway. They start dumping the btc they scammed from the people which might cause the price of bitcoin to fall.
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Just had a chat with my friend on setting up mining in my farm house. He advised and suggested more to invest in crypto currencies then investing and spending time in mining. What you guys would suggest me of. Or shall i start with small investment on mining from house with rigs attached to system i have in my house and start a farm house once experienced or do not get into mining? Suggest me dudes.
You are better off investing on bitcoin. You will have to invest a lot of money for your mining rigs and maintenance. Don't forget about the electricity bill you will have to be paying. Your return of investment will actually takes a lot of time. Do keep in mind that the mining difficulty increases day by day and the rewards are eventually halved every 4 years. On other hand investing the same amount of money to trade bitcoin will you faster ROI but has its own risks too! |
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Don't see any sign of the price going above $25,000 within the end of the year. With ETF, we had some hope that the price will exceed $10,000 (ETF proposal caused the price to go above $8,300) within few weeks. But the proposal was declined which also caused a declining of the price falling below $7,800. But somehow the bulls were able to take control of the price and went back above $8,100. Right now we don't see any reason for the price to go further above.
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Most of the exchanges and ICO makes you fill the Know Your Customer forum in order to follow the government regulations. They have to choice but to follow the orders or else stop their business. Look for exchanges which are hosted on countries that are not regulating exchanges. And also make sure you when giving out your information to an ICO, it is an legitimate project, or else they will end up selling your information after scamming you.
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Weis aims to provide social media and digital marketing services to provide more awareness of cryptocurrencies and how we will reform a user friendly platform to filter the huge amount of information available to those entering the crypto market and to those already operating within it. Ethereum smart contract technology will be used to provide a streaming media platform designed to put new and emerging talent shoulder to shoulder with established artists and household names, and in turn bringing more users and awareness to crypto. However, there are so many more cool reasons why the project will thrive, especially the token. You can check their whitepaper very carefully under the token section to understand what I am talking about. To read up more about their project, please check their website here - https://weishub.com/You can also quickly scan through their ANN thread here - https://bitcointalk.org/index.php?topic=3495546.msg36235747#msg36235747Or join them on telegram to follow up on project updates - https://t.me/weishubMedia is the form to spread awareness but also the worst platform to be spreading FUDs and false news. But people tend to fear the negative news they hear and take those positive sides very lightly. Went through the announcement thread. No way i think the ICO is going to be successful. Just look at the thread. They put no afford on it at all. And the developers are all unknown but they claim to be well known. Couldn't find information about anyone at all. |
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It is not that easy to be earning $1,000 USD per month from crypto currencies. And how would you even survive with $1,000 USD? If it was that easy, every people from third world or developing countries wouldn't be poor anymore. You can earn that much if you have some capital and enough experience in trading. Though the risk associated would put you to the ground any time without any prior notice.
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Don't just jump into day trading or you will end up suffering huge losses. Try understanding the market first. Learn the market and the current condition of the coin. Keep this in mind that current affairs affects the price of crypto currencies in a huge way. You can check the internet for how to day trade. Read those articles and watch those videos. After you have enough knowledge, start day trading by investing low amount and eventually increasing your investment.
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Well, everything in life is not easy to achieve. If you are willing to take risk, then you will be able to make profit. The more you risk, the more you make profit. If investment of cryprto currencies and bitcoin was risk free, then we wouldn't see the value of bitcoin and other crypto currencies as it is now.
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Price drop does not occur only because of FUDs being spread. Price might drop due to correction. If the price of bitcoin and other crypto currencies skyrocket for no apparent reason, then we will be seeing a correction phase where the price starts to drop and go back to its actual value. Again price might drop after a hype has ended. Like look how the price went above $8,500 when ETF was proposed? When the proposal was rejected the price went down below $7,800 but was able to recover back to $8,200.
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Bitcoin breaks $8,000 and still increases every hour. The whole market, altcoins are also green and solid growth. This is the best new today for crypto enthusiastic. I think that the Bull Market has come. What do you think?
The whole rising of the price was due to the ETF proposal. The price kept on rising due to the delay of ETF and people had positive feeling about the ETF being accepted. But unfortunately it was rejected today which caused the price to fall down under $7,800. Though the ETF induced slump is being fight off and the price has gone back above $8,100 USD. |
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Privacy coin is something that we actually don't need right now. Though having a bit of privacy in financial matters is something that is appreciated but still every blessing has its dark side. People will actually abuse this features by hiding themselves to commit crimes such as money laundering. This will eventually bring more negativity towards the crypto community.
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There is no such thing as hard work in gambling. Most of the things you mention here is actually wrong. Both, an expert or a novice has equal chances of winning in gambling. That is why it is called "game of chances". Everything related to gambling is surrounded by luck. People that says that they can win more by doing this or that are just falling for gambler's fallacy.
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They most probably have a different budget for giving away coins, which are actually written on their whitepaper. So it won't actually affect the real investors as much as you think. Since everything is planned and the budgets are made so that the actual price of the coin is retained even after giving away coins for free. Airdrops through telegram is actually another way for promoting their ICOs.
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