I think Bitcoin has no options when it comes to investment. Because if someone was asked between bitcoin and ALT coin should you invest, I think everyone would say to invest in bitcoin. Because Bitcoin invests in a trust that no other coin can provide. So I would always agree with investing in Bitcoin.
There are investors that don't prefer bitcoin and I've seen a lot of them. So, when you ask them whether altcoin or bitcoin, they'll choose altcoin of their choice. And you know what's the reason? It's because that they're liking altcoins movement because of how highly volatile they are than of bitcoin. Also, for them bitcoin is no longer cheap. for large investors using big money, of course, security comes first, and bitcoin is the main choice, and maybe on a small scale diversifies their capital to several altcoins according to their views. but for small investors I see many choose altcoins to invest, because they expect bigger returns with a small investment. but back again to the characteristics of each investor. which of course makes us feel comfortable then that's the path we take |
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anything can happen in the market, and at the moment there is an increase in the price of bitcoin and if bitcoin breaks the $ 25k mark, it is possible that it will go to the next resistance, where the $ 30k area is also a defense area before going back up again later. if we do long-term trading, I don't think it will be a problem, because later if we keep holding it then at least the price will be recovered again, as long as we are patient
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The development of bitcoin is getting faster because there are many altcoins that make projects and accept bitcoin payments, and I think the thing that makes bitcoin grow is new campaigns or projects from altcoins, and I believe that if bitcoin can last another 10 years then the number of users can reach at least 800 million or about 10% of the world's population.
I don't think the development of Bitcoin is influenced by the large number of altcoin projects that accept payments via Bitcoin, because it is still in the path of the very common crypto space so its impact will not be as big for Bitcoin. After all, very few investors are willing to sacrifice Bitcoin for altcoins whose future is unclear. But a very influential impact on the development of Bitcoin is the adoption of Bitcoin from several well-known large companies and also from several countries that have begun to legalize Bitcoin for payments. So that the impact on increasing the number of Bitcoin users themselves will also be felt from year to year. actually there are not many altcoin projects that don't become solid in the end, even more that are abandoned. I thought the bitcoin journey would be lively if there was a rally, and finally it was reported in the media, even many large companies have adopted bitcoin, so that it has an effect on its development. especially now if big companies adopt it, their consumers will also use it, and if it happens massively it will have a big influence later |
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Today, since bitcoin passed the 24,000$'s mark, it immediately became a trend topic on Twitter, and people took the opportunity to share some news of bitcoin adoption around the world, similar to the one presented in OP. I didn't know, but it was said 770 shops in South Africa already accept bitcoin as payment method. That is a good signal bitcoin isn't being adopted only by investors, but also by merchants and retail sellers.
As fiat currencies get more depreciated, it's likely news like this become more common each new day.
bitcoin will grow more and more, and more people will adopt it, especially when the bitcoin price soars, of course there will be many people who want to own it to make a profit. on the other hand, with so many shops opening payment services with bitcoin, you will feel that the main function of bitcoin will be realized, although we don't know when this will happen in its entirety, what is clear is that more and more users are day by day |
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US dollar is the world accepted currency and can be used as a medium of exchange. In the crypto world, Bitcoin is the most popular and the highest accepted currency with greater value. Different countries have permitted bitcoin for transaction and many of them are thinking so and will eventually do so. Its acceptance is gradually increasing day by day. Do you think bitcoin will be the leader of the world’s currency market like US dollar in the future?  Us doller (USD) is issues by United States of America. And it is a dollar created by the government because of which the world has gained trust in it and everyone believes that it will never be destroyed or scammed and everyone's money will be completely saved that is why it is now used as the number one currency worldwide. Although crypto currency lovers trust and support Bitcoin enough. But out of 8 billion people worldwide, only 420 million people use cryptocurrency so far. So Bitcoin may one day be used as an alternative to USD but it is hard to say how long it can take. if later bitcoin is legalized like USD or the whole world has recognized it as a legal currency, then the possibility of becoming like USD will be wide open. but the problem is that most countries have not recognized it, so that more people still do not understand about bitcoin, and it seems that until now there have been no signs to legalize bitcoin for big countries, so it is true that maybe generations after us will happen |
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I think BNB is the best altcoin after Ethereum. Even I have endured it long enough. and bought it when it was under $260. and now the price has stabilized above $ 300. but I'm not interested in selling it yet. But your OP will have to do his own research to convince yourself. I like BNB because there is a regular burning period. and also this project continues and continues to grow quite well. DYOR
yep, you are absolutely right in saying that BNB is the best, especially now that the price of BNB is still very cheap, which means this is a great opportunity to buy BNB at a price of $300, because there is great potential for BNB to reach over $1000 in the next bull market, remember! don't just be a spectator and buy it now if you don't want to regret it. But since this is an altcoin then of course we have to use really cold money. because we know the risks involved in altcoins. But yeah, BNB has quite good potential, even when the Binance CEO was hit by FUD and the BNB coin had experienced a fairly rapid decline, but it seems that the FUD wasn't strong enough to make BNB fall further. because after that BNB recovered quite quickly. And burning will reduce the supply of BNB. and if we check CZ's tweet then we will find that there will be a lot of projects that will be coming back on Binance. and of course this will have a pretty good impact on BNB. Dyor. if we go with the flow, then bnb is the altcoin of choice to invest in, and for me now is not the time to sell, considering that the previous high ath was $650, and that means in the long term it can at least touch that area. therefore, until now BNB is still in the $300 price range, of course there are still many opportunities to increase the returns from BNB investments. Moreover, BNB has a strong product which is trusted by most crypto users, of course it will be easier to develop again |
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The reason is because the price of altcoins is very low in the market, which it can help both long traders and short term traders to invest a huge amount of money and hope for a bigger reward in future. Those that invested in Ethereum and binance last year when the price decreased more in the market, which even poor people can afford money to buy at the moment to hold because there is a great future ahead of those that invested in those altcoins. Since the price of Bitcoin has increased to $23,231, showed that the price of altcoins will start increasing to allow traders feel positive change in their investment.
altcoins provide greater profits because the percentage increase is greater than bitcoin, but of course we will also bear greater risks, but for favorite altcoins like bnb and eth I don't think there is any concern about keeping them for the long term. moreover, new altcoins that can easily increase by thousands of percent, of course, will provide satisfying returns, but it is not easy to find altcoins like that because there are many of them and of course they have a good roadmap |
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Sometimes I find myself being added to Telegram groups where they are doing bounty campaigns for new coins but at the end of the day, people will start complaining that the project is dead. In most cases I exited from the groups immediately I find myself there because I feel they are prone to defrauding people.
This makes me to wonder if bounties really pay.
many bounties pay with coins, especially if they go through escrowed, most likely they will be paid, but the problem is that many of the coins are worthless, so they just become trash coins, and eventually the project dies. on the other hand there is a bit of light for bounties where payments are made using stable coins or btc, of course there is hope for receiving results, even if the amount is not large. but if we can manage that small amount of money for trading capital I think it will be big later |
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Mistakes are common and everyone makes mistakes in every field. No one can get reward without making mistakes. I think that prior to the trading learn about trading, but if you make wrong decisions after learned all the things then you should teach yourself from these mistakes.
Trading requires your time, your knowledge and skills, so get rid of all types of emotions which make hurdles in the way of your success. Emotions totally reduces the percentage of your profit so just ignore all your losses and try to understand that these are just a way to know more about trading.
Mistakes are inevitable and even then we need to do all what we can to minimize their number and their size, some newbies think that since they come to the market with a lot of money then they can afford to make more mistakes and this is not true, as on average their mistakes will represent bigger financial losses, so whenever possible we need to try to learn from the actions of others, especially during a bear market as those are the market conditions when mistakes can be more costly and more numerous. Inevitable indeed and there's no way that we could be able to avoid on which its better to make yourself that realize and get make yourself realize that there's no way on avoiding it but somewhat it could really be lessen out which is something that we do need to reach out and this is via learning and making yourself that aware on how things do works and behaves.Once you do gain up the experience then this is where you do reach out that state on where you could easily accept those losses and errors.The most important thing is that you do know on how to handle yourself into these kind of times which makes you have back up plans. taking lessons from our mistakes is a top priority as long as we process in the world of trading. if necessary we always record each of our transactions so that later we will always remember the mistakes that have been made, that way we can try to fix them, and if things like this go on continuously then we will have trading intuition by itself so that we can feel the characteristics of the market that is being happens, it's all obtained not in an instant way |
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As a beginner in Crypto with a limited budget would you recommend purchasing the lower priced NFT's?
for me NFT is really just a trend and it can end, it is not eternal, like bitcoin or ethereum. we must be able to make the most of the moment when buying or selling NFTs. but if you are sure to invest in NFTs, then there is nothing wrong with your belief, as long as you manage your funds wisely. different from bitcoin for example, we will wait until it is safer to hold in the crypto world, and of course this is an investment with the largest allocation of funds than we have, so it doesn't interfere with our personal finances |
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Hello,
I know that trading requires knowledge, but any tricks for newbies about when to buy or sell? For example, looking at the volume, looking at the queue for buying and selling and etc.
Sorry if my question is not a good question.
Thank you.
I think this is indeed a fundamental question that must be known in advance to enter the world of trading. indeed everyone may have a different view on doing this, some believe more in indicators, some prefer to determine areas of support and resistance, or combine the two. from there we can choose which method to use, and certainly there is no perfect strategy, so we have to take risks, therefore the most important thing is that we have to be able to manage risks, because not all transactions will end in profit in trading, let alone trading short-term |
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it looks like you need to edit your question and put it at a higher price than that !, I think nothing is impossible with Crypto, especially with Altcoins that have Great developers like BNB. for the price of BnB in the future it will probably exceed the current price and will be $ 500, hopefully we can see that together in the future
If you look at it now at $ 329, of course it is more than what the op predicted, but the increase from early January is certainly not as good as bitcoin, BNB can only reach 34%. but if the odds increase during the halving era, it is clear that only reaching $500 will be easily surpassed, remember that the last ATH was at $690. it is possible that ATH will be 5x or 10x from ATH in 2021 maybe there will even be more surprises like in 2021, or even less because of the effect of 2021 which shot high, once again anything can happen and we are waiting for that. indeed, we see that in the $500 area there is resistance where after reaching that area a correction is likely to occur, and if the price correction ends and can penetrate the $500 area then it is possible that BNB will fly and can form a new ATH, that's when no one knows when BNB will experience saturation point because on the left there is no more resistance to hold it. but it can also happen if this is a bull trap and it can go back down, so be careful |
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The centralized exchanges are never going to go away, because people are attracted to the comfort and also the profits that can be made from the trades that they are doing on these Exchanges.  I hope the people who came back to the remaining exchanges, learnt a lesson...namely not to store your coins on these centralized exchanges. If you do not trade on a regular basis, you only need to buy tokens.... withdraw it from the exchange and store it on external media. This way ..you are in control of your own private keys and you reduce the risk of those centralized exchanges getting hacked and you losing all your tokens. They are already comfortable with centralized exchanges so it's impossible to just leave the exchange just because of the FTX exchange scandal so not all exchanges will fall into the same hole but the safest thing is to never put long term assets in a centralized exchange then it will be risky even we have know from all aspects all this. Someone trades on the exchange they certainly want to make a profit and the convenience of trading there this will be completely different from DEX which is only 1 network to trade whereas centralized exchanges can trade almost all the coins available here so it's clear they won't leave even though there have been many cases in the past and recently it was FTX. We have to understand and be able to manage risk well, that's the most important thing to instill. to store it in the long term, it should be safer in our own wallet, even big exchanges are only used for transactions, and after that return to personal wallets. this is inseparable from accountability if the worst thing happens, of course we will find it difficult to take care of it. therefore for me it is better to prepare before that happens, because this concerns the assets we have, so we must always be careful. |
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There are two categories of people when it comes to the choice of when to receive payment for work. There is the category that prefers it be paid weekly so they can off set bills as they come so they do not become a burden, while there is the category that prefers it monthly so they can plan well for the month.
If employers put out the option before you to either to be paid weekly or monthly for your job, which will you prefer? Please give reasons asides the ones I have stated to support your answer.
Would you prefer to be a contract staff for a company that is being paid a certain percentage for every job delivered, or would you prefer a job with a fixed monthly or weekly income? (Give a reason for your answer aside the reason that will be stated)
With percentage earnings, you can earn more and you will be very motivated to work, but the disadvantage will be when there is no job.
With Fixed earnings, you are sure of what to receive, but sometimes the workload you may encounter may be so much that the salary you are paid does not befit the work you put in.
because I have a family, I prefer to be paid monthly, so that even though there is no job, my family can still be fulfilled economically. on the other hand, of course, I have to find additional income outside of working hours so that I can save and invest from the results. but the main thing is that I have to have a steady job to support my daily life, so it is hoped that my mind will be calmer and it will be easier to produce a side job |
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If bitcoin or cryptocurrency is for the institutional investors and for the corporates, then what you said could happen. The reality is different, cryptocurrency is for everyone and for every level of people. Maybe the institutional investments altogether can contribute big and give them power to make disturbance. To what extent this will happen, beyond some point the market will not react as it have dependence over each and everyone and not on something particular.
If the institutional investors pull out thier funds at the same time, it will result in a very negative market movement since the demand for Bitcoin is being pulled out, thus a collapse is imminent. But good thing is, it will be temporary because Bitcoin does not only rely on institutional investors. there are many other factors that can contribute to the market price of Bitcoin. Most of it is from an individual demand. Also the development of technology behind Bitcoin can also serve as interesting factor to make people interested and eventually participate in the bitcoin economy. This mean that Bitcoin will not die even if the institutional investors ad corporate pulled out their support. currently bitcoin is increasingly recognized by the public and from their belief they admit that bitcoin is a very profitable investment tool for the future, so it can be said that bitcoin is needed not only for institutional companies, but more and more individuals will use it, so that if bitcoin adoption continues , so even if institutional companies leave the crypto world, then I don't think that will be a problem and that means it will make the movement of bitcoin independent of some institutions |
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Suppose I am doing business through an online Facebook page and website and want to accept Bitcoin. But now if I look at cryptocurrencies it comes with high volatility, and I have doubts whether accepting Bitcoin will be profitable for my business. I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind. I think it's good to accept bitcoin at this time because it can facilitate the payment process in your business, but it would be even better if we had double capital to support your business, because otherwise we would have difficulty buying merchandise for resale, so that way it is hoped that we will have a double profit, namely the profit from our selling goods and the second profit from bitcoin investment. |
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Bitcoin is a cryptocurrency that no has the capability to predict it's rise or fall.
I am beginning to have a doubt that Bitcoin cannot go to a higher price just like the previous year.
Cause Bitcoin is determined by the number of people in the digital market. Just like the higher the number of people that purchase Bitcoin the lower it's price and for it price to go higher it requires some Bitcoin investors, traders and miner's to withdraw some percentage of their Bitcoin. So I still have the doubt of Bitcoin shooting higher just as we are expecting in 2024.
Why are you afraid conquer the fear and then you will surely see the face of success. No need to worry about the price of Bitcoin going down. The risk you take in investing will make your investment successful. When the market falls far below the high point, people do not stop investing, but people invest more. People invest the most during this fall. 2024 will definitely hold the market beyond people's imagination. Rest assured Bitcoin will cross $100,000 in 2024. investing must be in a relaxed condition, where money is used and time is also used. if we have strong belief, it means we have hope, but nothing can be sure, so if that happens then we must be patient to accept the reality. actually we are already in the low price phase for bitcoin even before it touched $16k, and the most difficult thing was yesterday whether we dare to buy or not, because most people want to buy thinking that the price might come back down |
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As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.
What's the community's take on this?
The crypto market, with a capitalization of around 2 Trillion, which is far below, when we compare it to Gold and stock markets, is considered to have room for further growth and investment by many analysts.The general view of community is that entry of more money into crypto market will bring more stability & legitimacy to crypto market, which will drive more growth and adoption. This could also lead to reduction in manipulation, as the base of holders will become wider. if the incoming big money is spread among various investors, then there is no need to worry about that. because there is no monopoly on one holder. This is different from most of the newer altcoins, where monopoly of the market occurs. or even planned for a manipulation scheme, like a doge who previously heard the news widely and finally, after being satisfied, left the market to get a fantastic profit, of course |
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always such welcomed surprise if current bearish could finally over, after all we've had enough, but the thing is, is this really over? the recent charts shown good trends for coins in general, but it certainly could also means fake pumps right? but if we see from the overall trend of bitcoin in these recent days, it shows good trend of real bullish where the other coins are also flourishing in terms of value and follows bitcoin trend, I guess we never know when the real bullish gonna comes until we see some of the coins rise more than 100% but I guess this time around will be bullish seasons.
For sure we all would love for the bearishness to end but to be honest I don't see it ending for now, need to keep abreast of market movements in order to know its developments, let's see if the bullish will come in the near future or not. I hope that in few months we may see good weather of Baj. But I don't know how 2023 will go. I hope this year may be good for market market. Many people are in big problems due to bad market market. Hope these are It will be fixed very soon. I still don't understand exactly what is going to happen in the coming days. in fact no one knows whether the bearish season is over for now, it could happen that it will experience a deeper decline or even a higher jump. therefore because of the uncertainty of price movements, in investing I prefer to keep safe coins such as bitcoin, eth, bnb. and only a small percentage of altcoins that I save just for fun when it reaches a thousand percent increase  |
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And is the project still good to invest in?
Yes, the project will definitely improve higher before the end of this year to enable their traders to achieve something huge, because their teams are seriously working to ensure their customers achieve what will make them to have solid trust in their project. I think, it will be favourable for traders to embrace this opportunity to invest in this project so that they will not regret when the price hit higher in the market. Since Bitcoin price is still increasing, show that Shibu Inu price will also increase higher for both long and short term traders to enjoy their reward in the future. Currently bitcoin rally has not reached its peak. if bitcoin experiences a high pump then afterwards we can see the altcoin performance is experiencing pumping. therefore even though shiba has experienced a drastic decline, they are still at the top, and have a large market capitalization, so there are still many investors holding them, therefore it is still possible for shiba to rise to $ 1 |
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