It can never be because bitcoin is not stable as a currency. For it to be widely adopted, it should not be volatile and the fees should not be expensive, people will only use it that way, not the current situation. Bitcoin, as it stays longer, has not become a currency according to its purpose, instead, it becomes a speculative asset and its purpose now becomes an investment.
Never say never, but still, on the whole, I agree with you. Despite my generally positive attitude to cryptocurrencies, it is worth saying that in general, the idea of one or a single world currency is not feasible in modern economic and political conditions, and even if this idea were to come to life one day, it would hardly be bitcoin. Because the adoption of bitcoin as a single world currency would mean the collapse of the entire political and economic world order, when states suddenly cannot support their currencies and manage the economic mechanism in the state through the national currency. In general, if this idea suddenly comes to fruition, what does it mean that a disaster has happened to the whole world and state institutions have suddenly stopped working. bitcoin being the only world currency is very unlikely even though it could happen, we certainly know why...? can you say bitcoin vs government can be together ....? until now its function 76% still revolves in transactions in the market as one of the traded investments and the rest as digital currency for real transaction tools right, it is very difficult to make bitcoin the main transaction tool in the world, we know that until now many countries still prohibit it as a means of payment, it is possible because of its decentralized nature which is not suitable for managing the economy of a country, because the government cannot control it |
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Life is wonderful and precious so take care of it and avoid things that can destroy life. This covid19 and pandemic could be avoided by practicing minimum health standard protocol and taking the vaccines. Vaccines can possibly end this pandemic and we can live to a normal life again. Let us help fight the pandemic by getting vaccine.
Are you willing to be vaccinated?
Yes I got vaccinated and I am it made a huge difference for me. It wasn't really about myself, because I am still fairly young and corona is deadly for the older generation. But meeting my 90 grandmother wasn't an option before we both got vaccinated. Now we can have family lunches again and don't need to worry about infecting her. If you are close to or live together with people above 65+ years, it should be mandatory to get vaccinated. Myself too got vaccinated. It doesn't assure you that the virus won't attack you anymore, but it gives the resistance to fight against covid-19. In simple the serious attack causing immediate death will be overcome through the medication. Earlier people won't get time for medication. Even before that people used to die. As in the post it is always good to get vaccinated. Particularly for the older generation, because thinking after something has happened is really painful. Vaccines provide an increase in our body's defenses, where when we have been vaccinated and we are exposed to a virus, our immune system immediately identifies it so that the virus can be defeated immediately and does not continue to attack our internal organs. |
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In life, we all take some risks. It could be related to our jobs, families etc. . Risk is a part of our life I mean. Whatever kind of investment we make, we take risks. Because there is no safe environment in this market. You should always be ready to lose as well. When we are taking risks, we should be very careful about its size. I don't recommend anyone to take risks which they can't afford later.
That's right, everything we do does have risks (especially investment problems). but we can choose investments that have the least risk (investment in land for example) an increasingly dense human population and increasingly rapid development make the price of vacant land continue to soar. I think this is a very good investment. Land is the safest investment, which is guaranteed to be safe every year, and has an increasing price. but if we want more returns, then we can take a greater level of risk, for example cryptocurrencies. I think by investing in both our assets will increase faster |
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I agree with your opinion in many cases and these are very effective. In a bear market, I always secure my assets by converting them to fiat. This results in a fair amount of total assets and increases the likelihood of making a profit by repurchasing from a low market position. Investors fall into indecision by repeatedly monitoring the market situation when the market is down. In many cases, it is seen that the market goes down a bit and goes up again and is able to achieve big growth. Repeatedly looking at portfolios, many sell their cryptocurrencies, leaving them frustrated when the market grows later. Therefore, investment decisions need to be made by effectively implementing the measures outlined in the downtrend market and be risk-free investment enthusiasts.
the same as what I did, only I cashed it in usdt, so we are on standby to see the market, if the price enters the buying area that we have planned. Even then, I still open another pending order if the market moves back down. In this way I hope to minimize risk and it is possible to get the best price, because we buy gradually |
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Trading or investing ..does Trading pay more than investing
I think there is no advantage on trading and investing because they are both risky and sometimes profitable. The profit that you can get on trading or investing is always depend on how you do it by yourself with your own strategy with the help of your knowledge or experience on both trading and investing. Trading is riskier than investing, the only does trading have is we can make a profit every day if we are too lucky but that also we might lose if the market gives no favour to us. While investing it is just like you are sitting on the chair waiting for the next rally and then sell. However, if we get wrong in choosing coins, it is our absolute loss as well. It is either we go trading or choose to invest, it still needs to invest time in the market for additional knowledge and also to be aware. right, both trading and investing have their respective consequences. trading is more fun for me, because I have a lot of time to be in front of the market, so every day if we are lucky we can withdraw profits, because I aspire to be able to live from trading later, and I consider trading the same as any other job |
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You can read what is trading plan here: https://www.investopedia.com/terms/t/trading-plan.aspWhat Is a Trading Plan?
A trading plan is a systematic method for identifying and trading securities that takes into consideration a number of variables including time, risk and the investor’s objectives. A trading plan outlines how a trader will find and execute trades, including under what conditions they will buy and sell securities, how large of a position they will take, how they will manage positions while in them, what securities can be traded, and other rules for when to trade and when not to. From that article, you need to learn how to find and execute trades and know when you should enter the market. There are many more you need to learn to have a trading plan, including learning about analyzing the market movements to know when you need to execute your trade, how much money you use to trade, etc. and what we have to learn besides the time to enter and exit the market, we must also be able to anticipate if the analysis does not go according to plan, because it is important so that our capital remains safe, cuts losses and can look for opportunities to return to the next market movement Everyone comes with a trading plan but most of fail to execute it. We all know that we have to buy from support, don't rush into trades and always use stop loss, but when it comes to the actual trading then most of the traders do not follow these rules and take emotional trades which usually result in the loss. The first basic plan for every new trader is to trade in spot but most of the newbies go straight for future trading because they see more scope of making money in future trading. Indeed, in trading the most difficult thing to manage is emotional, even though we already have a plan that has been prepared in advance, sometimes we are not disciplined, thus violating the plan. for me the most important thing is that we must learn to be consistent with the initial plan, so that we can evaluate our trading progress |
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in a trade, stop loss is used to anticipate if the market moves not according to what we planned, with the stop loss the transaction will close automatically, so we don't get carried away with bigger losses. especially if we can't always be in front of the computer, then this can help traders to survive
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Current number of post (Including this one): 1239
BEP20(BSC) address: 0xFf4C1eAc01DcD0d7263E41a57F8232881babDAb9
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If you look at the number of new project being launched om Binance smart chain since past 6months that will tell you the whole story. I agree that Ethereum is a Big network and big name in crypto Industry but the way its fee is rising it will force New projects to go to alternatives like Polkadot and Matic. The Ethereum 2.0 may reduce the Transaction fee but that remains to be seen. It is logical that if consumers want an effective and efficient network, of course they will look for something like BSC which is more efficient in transfer fees. but so far ethereum still has faith in crypto, so I think it's very hard to die Its cant be die unless all node shutdown the network, the problem is if many users leave the network, it will lead to that condition. So, we hope ETH 2.0 come soon and really solve the problem. I think ethereum already has plans to develop its products, until now many still believe in it, it's just that yesterday the ethereum network had a high gas rate, but for me it was just a temporary problem and will eventually be resolved with new innovations later |
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Worth or not it depends the result, which is if you get profit from investment. If the coin you are believing in and investing in have a good rise after you buy, then i think is totally worth it, if not go up or even down, then is unworth i consider.
Anyway, who knows the future, if you believe in crypto, just take a gamble, only when you invest in it then you have the possibility to get rich quickly.
every coin are worth to add in our bag if the fundamental and product released have god utility. some traders lose their money due their laziness in research project and finally trapped in shitcoin which is not worthed for long term or even short term holding. Believe in cryptocurrency which is will adopted soon could make rich faster than people who work in regular job. indeed, if we are good at doing research, cryptocurrency seems to be a quick way to get rich quick. but this cannot be done by everyone, only people who are able to analyze well can succeed here, unfortunately many new people are only profit-oriented |
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Of course it will happen in the near future, even though the price of crypto still volatile i think BTC has big potential to be more valuable than gold. But for any other alts i think it will take a long time to more valuable than gold.
Isn't the current bitcoin price also very expensive compared to gold, and gold also has high fluctuations. the difference is only when gold has been recognized by all countries and all societies, but gold has an infinite supply, different with bitcoin |
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In now days too much Altcoin Project are Launching one by one and all of them claim that invest in his project because we will be successful in upcoming days but in the end they run away and make a scam. They don't woory about people fund and stole them.
So how we can trust on altcoin to give us profit after investment. Because most of them become Scam and Scam. All of them has one Aim how to stole too much fund .
So how we make altcoin investment safe ?
My advice, you should think carefully before investing in an Altcoin Project. It is usually not so easy to know for sure the sustainability of a project from a business and technology point of view. Therefore, you must be wise , not to spend money more than you can afford to lose. So you should be able to do your own research and choose an altcoin project that offers a good concept, a clear product or a concrete service. Risk investing is happen on any investment way, I think not only in cryptocurrency we faced many trouble when investing, but how to manage and know great or not some project of altcoin before investing, like you can try with good altcoin to invest BNB or hold BCH. If holder you can hold both coin and wait few months later maybe price pump. at least there are some altcoins that are worth investing in, and we are not hard to find them, by looking at the rankings on coinmarketcap I think I can decide to buy them, and so far it is safe, even like eth can provide greater returns than bitcoin, for now This bnb is also in great demand by investors because of its real products |
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this is very reasonable because the market has experienced a very high increase and is now starting to show a continuous decline the market does not always show prices going up there must be a price going down, be patient and control the emotions the market will definitely return green
we have already seen how the market situation was direr in 2018. even the recovery is not enough just 1-2 years. improvement does occur but to form a good rally takes quite a long time. while for now, we can still see how the market corrected but not so bad. Many altcoins may have been destroyed, but I think top market assets are still able to survive with the current stability of BTC. Good project stand still as there are community who support the projects, it's not easy for the market to pump that quick unless there are big whales who will start pumping the market by bringing big amount of money inside and let the bull to start dominating back. That would be easy if during the bull run, and because the bull run is over, we will see some struggle of altcoins in the market like we witnessed before. Old and new projects are all the same, they need to hype up in order to pump and it's true, it will not be possible without the help of the whales. One important thing is for it to get listed in big exchanges, it's the easiest way to attract the whales. right, with plans to list on a major exchange, it is certain that the coin will rise in price, although after that it will fall again. with the news, of course, many investors will start buying it while the price is still cheap, and when the price is pumped, they will sell it until the price returns to normal, and devs must try to keep the coin alive |
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Bitcoin and ethereum are the strongest influence on cryptocurrencies, all eyes will certainly make bitcoin and ethereum the benchmark for crypto prices, both are good coins, but in my opinion ethereum is a coin that promises more profit than bitcoin.
on the other hand the price of ethereum is more affordable than bitcoin, we just waiting for the bitcoin trend to start dimming and we will see ethereum go back up You can't compare both because bitcoin is a breakthrough of centuries, there was no digital currency until bitcoin was invented, Ethereum was just invented to improve some things and bring more innovation to the crypto space, both are great coins and started below a dollar and today they are worth a alot of money, also whether you like it or not eth or other altcoins will always follow bitcoin trend, it's never going to stop. bitcoin is the first digital currency, when compared between bitcoin and ethereum, I think they are the pioneers of crypto currency. bitcoin seems to be the king and eth is the queen, so both seem to be complementary and worthy of investment. but indeed from 2017, ethereum provides profits with a higher percentage |
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it will be very difficult for now but does not rule out the possibility, because from the beginning of Q2 this year the market has continued to fall and resulted in the marketcap continuing to fall and the prices of all coins dropping by more than 50%, we don't know if this is the start of a long bear.
Indeed, there is still a possibility that BNB will hit $1k, but not on this current market condition. We may need to wait for some months and market will recover from the recent down trend. Over all, BNB is a good coin because they burns the coin periodically and also many projects launched on smart chain. if we have free money, i think bnb can reach $1k, but the time is no one knows, of course we have to wait for the next bullrun season, so bnb will easily reach that price. it's hard until now with a situation like this to soar alone, while btc is still uncertain |
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IOTA hasn't reached it's old ATH, in fact it didn't even come close and maxed out at half of the price. This is no sign of strength and there is no indication that it might change in the near future. Personally I sold my IOTA when cleaning up my crypto holdings in the last months but will continue to observe it. The chart looks pretty bad currently, but who knows what will happen ni the future  This is also felt by other investors, where it is very difficult to predict the market until now, unless there will be news stating that there are investors who will invest heavily in the coin, at least we can see the pump happening, even though it will dump again some time later , like Elon Musk |
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It's not always the case. The opposite also happens sometimes and we cannot know what shall be the next move whenever bitcoin goes up or goes down.
The pattern is unpredictable because it's always been like that. Bitcoin is up, alts are up and sometimes they're not correlated and the pumps for alts sometimes don't go with bitcoin.
Yes mate there are also some altcoins that didn't follow on the market dropped of bitcoin on time but gradually it decreases its market demand too and it seems that these altcoins were really affected whenever the market price of bitcoin made a slide down. But there are also some other altcoins that doesn't much affected by the market dropped of bitcoin , there are also some independent altcoin the even the market is sliding down it really not affected that much, some altcoins were stable in the prices some also are not. But this is only shows that Bitcoin and altcoins both have the unpredictable market, some are correlated with bitcoin but there are also other altcoin that is not. although there are some altcoins that are not affected by bitcoin's decline, but most altcoins seem to be experiencing a decline like bitcoin. we know that in cryptocurrencies, if you still have trust, investors will not leave it, and that's where altcoins can survive, especially for altcoins that have real functions. |
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if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.
Maybe what you say is true and so it looks like before the end of the year there will be bullish, however we can not predict just like that we also have to monitor market movements, the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems the market is difficult to predict, we don't know when the bullrun will restart, but for now not all altcoins are bad, there are several altcoins that are trusted, especially those that are at the top of the coinmarketcap rankings. but we have to be careful when altcoins that have no real function soar, then it could be possible that this is just manipulation |
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Everyone is aware of Elon musk's behavior and people are no longer buying his tweet. And it's clear example is the Shiba token. Not as much pumped as people were hoping for after his tweet.
That's why I won't buy any tokens that I don't like myself, and I don't see any use cases for any of these three, so I won't buy them. Good luck with your picks
so it was with me, who seemed to have lost faith in him, right now all I could think about was major coins, the main thing being bitcoin. currently bitcoin is in the golden area, so it has many opportunities to buy. we can see this time the price is in the 50%-61.8% Fibonacci area, I can buy it for the short or long term |
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Prices very low. This is a good time to buy, but I would feel safer choosing the top ones. My choices are still ETH and BNB, I am still splitting my assets to buy BNB and ETH at different low prices.
well, we all see that. however, whether the price will continue to dump or not. currently, the price of bitcoin continues to dump, even almost below the $30k range. well, currently the price of altcoins may be discounted. but if you decide to buy some altcoins, then go for ETH and BNB. Currently it can be said that it is in a downtrend and we can see the price of bitcoin going down and followed by altcoins as well, that's a good suggestion because both coins are top coins and there is nothing to doubt, but it really comes back to each other's decisions if you look at Fibonacci, it is currently entering the golden buy area, so we can buy it back with a smaller risk, or if we want to invest long term, I think it will be better. we can see the price is in the area of 50%-61.8%. and I think this area is interesting to respond to, especially if we trade daily, then it's a little easier to find profit |
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