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I really prefer digital money because I can manage my money way better online. Having a load of cash in your purse will just make you spend more than you really needed no matter how tight your budget is this is super legit. At least having money in digital wallets you can control your wants to spend and all you be buying is just your needs(this is how I do it so yeah)
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Suppose you earned 60 BTC by working hard for 5 years and one day you decide now you don't want to work then what would you do with that amount? How would you invest that amount? What will you do? Hold it dreaming the price will rise? Sell it and invest the fiat? or start a business? or retire? Any ideas?  I'll pick the smartest choice I can think of. Starting a business I think. I don't wanna gamble that big amount of money ( yes there is a risk in business but the risk in business can be predicted/analyzed and fixed easily not unlike bitcoin trading). Retirement isn't the best choice and no one would pick it for sure, money won't circulate and profit. |
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3. Never do Revenge trading, you will only trade whenever you have proper mindset.
This is my problem personally that took me a long time to figure out how to fight it indeed this is a problem. Being a very short-tempered guy when I lose some money I tend to rage and a wave of greediness to get the lose back in an instant kick in and will end me losing all my remaining balance, which happened 3 times already. 4. Never love any asset, emotional trading will kill your investment.
Loving an asset can for sure help someone to profit, yes you'll be biased about it but it will bear good results if you have control over your emotion. |
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If you really think that you can beat or be at level of the first ones who do this why not? If you think you can provide better service go pursue it, if it is what you really want go. Competition on prepaidcards/visa for cryptocurrency spending is still small and just few service provider of it is up now you can try to launch this kind of business.
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the next interesting asset is on the 2nd place, TRX (Tron)
well, I like those numbers cause I have faith in those projects too, but on the question why they are on the top of the China leaderboard I have no logic answer
China didn't based the rankings by their popularity in the outside of china market but instead they use the ease of using such a coin and it's potential. Maybe EOS and tron are accepted there and more adopted and accepted by people there making then number 1 and 2 on china. |
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It will still take roughly 25 more years for all bitcoins to be mined and I don't know why I'm getting excited about it im wonderint how price would move by that time. . Have you accumulated at least 1 BTC in your wallet?
Current bitcoin mined: 17,851,062 BTC
I've accumulated well over 5 bitcoins in my wallet but not even a satoshi is left now lol due to some bills needed to pay in suprise and rush. |
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I'm glad I've read in that article that the number of wallets will not represent the total and exact amount of users online because there are some misleading articles/post I've seen before about wallets thing and the whole cryptocurrency user population. Those statistics are astounding indeed. 5X more wallets in 3 years and let's be serious...most of the crypto users are not using web based wallets like the one blockchain.info provides. Most of the wallets are software wallets like Electrum, Armory, Bitpay, etc. Of course that web wallets are more convenient and maybe people who are not concerned about their security and feel safe to trust a third party with their funds would use them, but still.. I strongly believe that the vast majority of crypto wallets are not web-hosted.
True, most of them are using web-based or phone-based wallets because some of them really can't afford to invest on hardware wallets and instead of putting money to buy hardware wallets they just use those funds for investments. |
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On the other hand, I heard few Ministers (of Bangladesh) are holding around 100BTC (per head). And, they are very bullish on BTC.
Do you have any good sources about this information? If really ministers of Bangladesh is holding that big bitcoin each then we can expect Bangladesh to be one of the many countries who will fully adopt bitcoin if they will push it. 100BTC is pretty big. |
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I don't think pacquiao would have a concrete reason for releasing his own coin. As far as I know, he's a Senator and his schedule is so tight to even manage to set up his own coin. I suggest, large business owners would be better to create their coin as they can use it in big investment or create their own investment platform to fully maximize the coin that they want to create. Schedule conflicts is just easy if he is really dedicated on making his own coin online. This was announced long ago and no Pac coin entered the market, maybe he lost interest on cryptocurrency or his business advisors adviced him not to invest on crypto because it will be a big risk. |
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The best bitcoin marketplace I can recommend you is binance and coinbase.
These 2 is one of the best recommended exchanges to buy bitcoin. But I've heard that there are some reports about coinbase having problem in their service but you can try it too if you want. Binance is the top exchange now so it will be the most recommended for sure.
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Absolutely no. 5 cents a day? I mean man thats too small for a day and to consider that you'll be using only one account. You can earn way more money without visiting any other website beside you trading website and just buy and sell there. Focus on the one which is giving you more fortune.
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There are a lot of news/things that affects bitcoins price now. Both that you listed can be a cause or maybe it is just a sudden unwanted pump due to big people buying bitcoins for stocks we really don't know and we can't assume whats the cause.
Im also shocked when I got a notif that bitcoins prices cross over $9500 just by now,lets wait and see how far this will go.
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Setting bitcoins price on hash is not gonna work.
Bitcoin is just like anything in our daily or online market everything is dictated by the law of supply and demand this is the one who contributes big time om bitcoins price growth from time to time.
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Low volume from early days of its release is pretty normal bro. Yes I get it that you're maybe confused on why only 7 btc is traded in bakkt after all those hype. Lets give it a little bit more time so we can see the full potential of it.
The hype bakkt had created didn't give any big fruits on its first day but I think as time goes by bakkt will grow bigger and more volumes will be expected.
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If you want to make Bitcoin as a payment tool around the world then you have to ensure the volatility of this platform, Due to huge volatility, most of the people feel comfortable holding Bitcoin rather than send or spend it. because they know the price may rise or fall, so the calculation is simple, also you have to create a proper regulation and a set of policies, if then people, as well as the merchant, will get interested to be involved in this platform and Bitcoin will be a common platform for the purpose of payment. also, you need to ensure more and more adoption of Bitcoin around the people, I think it's not any difficult task to create this scenario around the whole world.
Volatility can be one of many problems/factors on why we can't see a huge adoption of bitcoin. The government is the one who is against that. They know how bitcoin and the whole cryptocurrency world can be the next mainstream mode of payment and the most preffered of their people because of the convinience that crypto can give to them. |
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Quantum computing level now can be a threat, but in the near future for sure. Quantum computing is yes it is powerful but why can't we think it in the good way? I mean quantum computing I think may help bitcoins network to become stronger in security terms.
While quantum computing is getting faster and more powerful I'm sure that the owners of this kind of pc's will not use it in a negative way, not unless maybe the government ordered it.
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Stable coins aren't still a threat for bitcoin because further development will be needed for stable coins to be on par with bitcoin. Not even those big altcoins like ethereum and litecoin can't beat bitcoin and these 2 coins are more likely to be more popular and powerful than any existing stable coins now on the market.
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Then the whole mining system will collapse, that's what will happen
Why it will collapse? is 100% of the miners are in china? Yes, bitcoin mining and the altcoin mining industry in China is big and contributes a huge chunk of miner pool in the system but that doesn't mean that when miners from China stopped mining bitcoin the whole mining system will collapse. Even though China has a huge number of miners there are still other countries that contribute a good amount in the mining business. |
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Trading is the key for me on increasing my bitcoin. I can easily and calmly earn couple of thousands in a month which is big here in my country and for my age and what stress Im getting from it it is well worth it for sure.
Investing in ICO or IEO is a no no for me, but it depends if you can earn there then go.
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