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what do i know
the more people adopt bitcoin the higher the bitcoin price will be, and the more people sell bitcoin, the more likely the bitcoin price will decrease. with the acceptance of bitcoin as a means of payment such as Google, Amazon, Tesla, and other well-known companies, it will make bitcoin adoption increase, and make its price go up. however, when the FUD attacks, and provides negative information about bitcoin such as a ban, or something else, it will make people panic, and sell the bitcoin so that the bitcoin price decreases.
in other cases, using bitcoin on a daily basis as a means of payment, or holding it long term is an option. however, some people who hold bitcoins choose bitcoin as their place to invest. we hope the price will continue to rise, but we can't prevent a price drop that could also happen. no one knows whether the price will go down or up. however, some people also only use it as a means of payment on the internet.
IMO, find your purpose in this. if you listen to people you will find different opinions. So far, the government allows bitcoin as an investment tool, and we don't know whether the government will try to devalue the price on bitcoin or not, what you need to know is that investing in this case is quite risky. just do what you want to do, whether it's using it as a means of payment, or an investment. Currently, all of that is still allowed.
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I am thinking that if the bitcoin continue to go up to $100,000 and above. it will be expensive for the poor people to invest. It will be for only rich people. It will be better for bitcoin will not go so much high so that it will be affordable to everybody to invest and have profit.
I will like to read and learn for everyone here.
You don't need to buy 1 bitcoin to invest, even when you have $100 or $1000, you can invest in bitcoin. however, if the price has gone up, you can buy it bit by bit. however, the type of bitcoin investment is the same as the type of gold investment, you can buy gold per gram, and accumulate it into kilograms. |
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Agree with the OP. I’ve said it many times, there is something called the ‘shitcoin roulette wheel’. Some people spin it & win but most don’t. My advice is invest in & hodl bitcoin & the leading alts. If something seems too good to be true then it normally is.
actually I also have the same suggestion. however, for some reason, there are still many people who are targeting shitcoins as their investment tool. however, there was always news about people who made big profits, but not much news about people who made big losses. they sometimes expect a coin that costs $0.0000000x to become $1 in the future. many people rely on Dogecoin or Shiba Inu, and hope other shitcoins also have the same potential. again, it's better to invest in bitcoin or popular altcoins will be better, because they have a clear development, and slowly increase significantly. |
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Congratulations for the business you are running, and I hope that the purpose of it can be useful for your visitors and teach them about blockchain and cryptocurrencies.
however, be careful in reducing transactions, because the fees are also too low, sometimes the transaction is canceled, and that can be detrimental to your prospective buyer. besides, you only mention 2 of the 3 coins you accepted. I hope, you also use BNB, because I think BNB fee is much cheaper than ethereum. well, that's real development in real life.
I've always wanted to do a business that accepts cryptocurrency payments, it's just that my country has regulations that prohibit crypto as a means of payment. lucky enough for you to be able to do that without breaking the rules.
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I absolutely thought bitcoin will reach 50k by this week.
Bitcoin is currently on an upward trajectory and I think we’re going to see BTC reach new all time heights in the coming months.
The reality is bitcoin is an amazing technology and we are seeing more acceptance and adoption of the technology by large corporations and governments that will further drive the price up.
Since May's decline, bitcoin's price is now back at $50k again. this fits very well with speculation and people's expectations of seeing a $50k price tag before Q4 of this year. however, right now, the question is whether the bitcoin price will stay above $50k until the end of the year or not. however, if it holds, then the bitcoin price will likely be higher than the ATH it has ever hit. referring to this article, it seems that if the price of bitcoin continues to rise and shows strong indications, it could reach $58k in the near future. however, if the price goes back down, it is likely that the bitcoin price range will be back at $45k to $48k. |
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well, nothing can stop the government if they take the decision to ban crypto. it's just, I think that they will suppress the development of this technology. however, currently the reason why they haven't accepted 100% cryptocurrency development is due to competition issues with fiat, as well as the problem of rampant scams.
personally, it would be very good if the government accepted this development, and if there is a new token development, developers need government permission. it is also an advantage for new investors so that they are a little more relaxed because when crypto development needs to receive government permission, the government also needs to bear the risk in the authenticity of the project.
besides, for now, there are already many people working under cryptocurrency technology, so when they ban cryptocurrencies, there will be a new problem, namely rampant unemployment and that will also cause losses to their country.
In my view, rather than being banned, it would be better if the government participated in developing and supporting this technology. some countries even do so, and even accept it. in my country, cryptocurrency is allowed as a place of investment, not as a medium of exchange. however, the government warns that they are not responsible for the risks that could occur, because they think that cryptocurrency is an investment with a high risk. however, such warnings are better than banning cryptocurrencies whose negative repercussions can also be felt.
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Bitcoin will inevitably end this week with a market price of $50k. The price is currently at $49200 and it is clear that it is very close to reaching 50k, but the question will be: Will the price be able to stay above 50K this weekend so that it ends the week above 50K? one thing and it being able to reach 50K and another very different thing Is the price being able to finish the week above 50K well, one thing that usually happens when the price of bitcoin has hit a high price, sometimes that price won't last long to last because quite a lot of people are targeting the price of $50k and selling their assets at that point. however, it's still speculation, I still hope that when the bitcoin price has broken the $50k wall, I hope the price will continue to rise. In addition, quoting from price analysis from Cointelegraph today, they are also very confident that when the price of bitcoin reaches the price of $51k, there will be a high possibility that the price of bitcoin can continue to rise to the level of $60k. well, let's hope the bitcoin price hits $50k first. |
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legal and illegal issues actually depend on the country where you are sheltered. however, what you said is true. however, I think it's just an early explanation of bitcoin, and it's not a legal reason or not.
however, the problem why bitcoin is not legal in some countries is because of the rampant fraud using crypto, and also a threat to state revenues, such as competition with Fiat, taxes, and others. However, the policies of each country are different. if you go to China or India, then their bitcoin has been banned for some reason. however, if you go to the US or Japan, you might be able to use cryptocurrency there. Again, each country has its own policies and reasons why they don't legalize bitcoin or cryptocurrencies.
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~snip~
My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?
many reasons we can assume why they hate bitcoin, such as business failure caused by losing competition with bitcoin - exposed to a scam on a site or investment place in the name of bitcoin - stolen bitcoin - or most often there are losses from trying to invest in bitcoin - etc however, there is a reason why they hate bitcoin. maybe it was the reason that changed their life. however, it's best to ignore them, and try to focus and make use of bitcoin, or altcoins. when you make a profit with it, when you have bought real estate, or when you are successful in this path, they can only denounce it. In addition, remember one thing, that no matter how good the technology is, there will definitely be people who hate it. |
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I'm just fade up. Unable to understand the crypto market. There is a talk about market crash will be happened soon but so many months have past but no result. Even people are now believing that, crash won't be happened at all.
in this case, it is referred to as FUD. There is quite a lot of negative news out there saying that a "crash" will happen, but in fact, the bitcoin price continues to recover, even heading towards the current $50k price. It happens because FUD spreads faster, so, quite a lot of people are afraid, even though this is not certain. However, if you look more broadly, you will also find information about the ever-increasing price of bitcoin and its development in a positive way. you can see it in online magazines like Cointelegraph. Kindly share your opinion with logic. What do you think?
Is this bull trap? We are going to experience the crash soon?
Or crash is already end (btc from $60k to $30k) and this is the began of the new ATH, sunrise of crypto market from Now
Personally, I currently tend to feel that the bitcoin market is going to be bull again and reach the new ATH. I think that when a bear market is going to happen, FUDs like Elon Musk should sell 10% of the bitcoins he owns, China banned crypto, and others should be strong enough to make the bitcoin price fall below $20k. but it did not happen, and currently, the price is still resistant to recovery. |
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Bitcoin before the pandemic was also a good investment, it is not only compatible with this mess. Bitcoin has an influence on the entire economy, politics, society, finance..., Covid 19 only makes us realize how degenerate Fiat is and how much risk from the bank is how serious. Bitcoin is becoming more and more important, store of value, trillion assets, digital gold…etc as all have proven investing in bitcoin is the ultimate safety and perfect for tapping endless potential about profit
yes, before or after the pandemic, bitcoin is still a good investment right now. in fact, among the many industries and places of investment that cannot survive in these conditions, bitcoin is even growing, and has a high price. besides, during the pandemic, many investors started targeting bitcoin as their place of investment, and it didn't disappoint them. one of the pretty good articles I read, and even from the conclusion it also said that bitcoin didn't disappoint them. Source : https://www.europeanbusinessreview.com/covid-19-pandemic-and-bitcoins-growth-in-the-crypto-industry/that means, I think, whatever the circumstances, bitcoin has been a very good investment, even in the worst of circumstances. |
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~snip~
I assume the scam here is you then contact that persons whatsapp or phone or telegram, then they ask you for money... then you get scammed?
we don't know if he is a fraud or not, because sometimes he will only give you signals about Chart Analysis for free or trial. but, personally, I don't advise you to send them money if they ask for it after you contact them. Nowadays there are lots of scammers who try to take your money in the name of big profits and things that interest you. Yep, you can find this on YouTube, Twitter, Instagram, Facebook, and most of all, Telegram. they sometimes offer great benefits and again, I advise against investing in them. however, it might be different if they teach you about analysis and trading. think carefully before you spend your money. I still highly recommend learning the freeway because I think there's quite a lot of such material on the internet, or maybe you can take a course directly with the experts. |
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Profit taking for sure and thats normal, doesnt mean its harsh resistance as buying also can be continual and result in progress through this price and higher. However its fairly predictable that price will take a rest on gains as alot of speculators arent true holders just participating for the price difference to profit short term. We are likely to meet resistance, perhaps pullback but also circle return and repeat this price action before finally resolving in future; how long that takes is the hard bit.
for a while I watched the price of bitcoin, after reaching a price of more than $ 47k, then the price will be pushed down and back to reach the price of $ 45k. it seems that currently many short-term holders are trying to take advantage of this moment. since august, it's happened several times. however, it will surely find a breaking point, so the bitcoin price could hit $50k again. I am quite optimistic that the price of $50k can also be reached by the end of August. in fact, I refer to this article. when the bitcoin price can break through this resistance, it will most likely be at $50k or more. |
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from the story, I feel that the risk of selling all assets and then exchanging them for bitcoin is a big risk. However, the method they use is successful, and has escaped a great risk, and has earned a well-deserved profit. All I can say is, the risk you take will be worth it if it works. it has been tried by several people who have had success.
The positive thing about it is that they really believe that this technology will really develop. it's just, I still suggest that use assets that you are prepared to lose for it.
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hope the chart will be like in the picture. however, it looks like the current correction is making it hard for bitcoin to even hold on to its $40k price tag. I hope, this month the price of bitcoin can reach the price of $ 40k, and continue to rise to reach new ATH. although I'm not so sure, but I'll try to make preparations for it. |
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I want to know everyone’s suggestions.
I reckon the best cryptocoins to buy as long term investments during bear markets might be those exchange utility tokens like FTT and BNB. Exchanges always collect revenue in bull and bear markets and this gives the tokens some fundamental backing. Also, the utility of those tokens in their corresponding exchanges create a demand for them.
I strongly support opinions like quality and useful tokens like BNB would be very well held in the long run. in fact, when we look at the chart from CMC, we can say conclusions about it. besides, CZ, CEO of Binance is always making developments to enlarge binance. So, I agree that use and utility tokens like BNB will have a high price in the future, and are well worth holding on to. |
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With this condition i predicted that eyhereum will reach $800 at februari or march in 2021. However it is depend on how migration going. If migration to eth 2.0 succees it will going up above $800 in 2021
I thought that Ethereum price was very close to $ 800, and felt that this year it could be achieved. however, the current price is really still trying to hold on to the $ 600 mark. Well, my argument will change when Ethereum hits the price of $ 700 by the middle of this month. However, I am one of those who agree that Ethereum prices have a great chance of hitting $ 800 by 2021. |
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