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Bitcoin and the crypto world were created to facilitate money transfer transactions throughout the world. Due to the speed of data transmission and the difficulty in creating cryptocurrencies, it is highly valued. To analyze crypto volatility, of course you need to have time to analyze the charts, the coin market cap is an overview. but it's better if you log into some of the big exchanges, such as Binance. and the most important thing is that you must know the strategy to get profit from the crypto world, because with fast fluctuations, it will result in a big risk.
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Do not make high expectations, yes, in some countries bitcoin is not legal, and the government of my country does not recognize bitcoin transactions. in general, it doesn't matter to me. because I only focus on trading and investing. the government doesn't know my profession as a crypto trader. I just think that bitcoin and crypto have given me huge profits. And if the government accepts crypto, that's awesome and bitcoin is not a scam.
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yes, it was an increase that surprised me, I made a small profit from trading bitcoin. but no problem. I will try to raffle my fate at ETH. In the near future, I will do a short trade, stand on the computer screen, and analyze the price from the chart.
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You have to look at the other side of bitcoin, that the first weakness of bitcoin from Cryptocurrency is the potential for violation of the law. This is due to regulations in several countries that prohibit the existence of Cryptocurrencies such as Bitcoin and Libra for transactions. This regulation or rule also applies in my country. This fact is quite sad, even though investing in cryptography-based digital currencies can be a good opportunity to generate multiple profits.
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bitcoin and ETH have always been the chosen crypto crown for investment, but don't forget that small coins like XRP, XLM, BAT are good for investing, even in times of pandemic they can still survive. and i have bitcoin investment, ETH and some other small coins.
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Bitcoin doesn't lose its value, and in Covid today. 2 Assets that become a value protector are Bitcoin and Gold. Many people avoid fiat and equity. During this pandemic period, Bitcoin and Gold showed fantastic performance compared to other investment products that weakened because of Covid-19. Bitcoin prices were recorded through 11,300 US dollars on a few days ago. That means a more than twice the increase since the beginning of 2020.
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of course, bitcoin is legit for transactions, trading and investing. The government and Trump can't stop the spread of bitcoin, Donald Trump hates bitcoin, so Trump will say it's not legit every time. So, we better look for positive information about bitcoin, rather than listen to the words of people who hate bitcoin.
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In my opinion, it is not difficult to understand bitcoin, the things you should know about bitcoin are: decentralization, limited supply, pseudonymity, transactions cannot be replaced. And you also have to understand the reasons for using bitcoin: saving costs and time, you are in control, privacy. if you understand the points I mentioned, then you will be able to understand how bitcoin works.
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I know, some people say that bitcoin is ponzi, and ultimately, is a scam. And they talk without any clear foundation. World bank economics chief Kaushi Basu said bitcoin is a comparison for central banks on how to improve digital money efficiency and save on shipping costs. and in bitcoin trading all data is graphed, so that people can predict future price trends. and this is like any other stock trading. And if you're out, I don't think it's a good idea.
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it is a crypto chart, crypto volatility is difficult to predict. 2009 bitcoin has no value. and now everyone is talking bitcoin. 2017 bitcoin hit 20K and today it fell. and stable at 11,300 $. Fiat doesn't have graphics like crypto, and I don't think it's profitable.
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I once thought like you, loans can benefit from bitcoin for a long time. because bitcoin is a good investment place. and my salary is enough for a loan to the bank, but I discussed it with my wife, and we concluded that the loan is not a solution. I think it's better to invest profit from trading for Bitcoin. and that's in my opinion.
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There are many reasons people avoid Bitcoin transactions: 1. Fast fluctuation, so the value of bitcoin is unstable. 2. did not receive a recommendation from the state financial services authority. 3. Many people do not understand bitcoin transactions. 4. bitcoin still gets negative value from society. 5. Bitcoin is only a virtual currency that cannot be used for transactions.  |
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Well, if you're simply here as an investor/trader, then expect profits in the long term without doing much, but in the short term? You'd have to know the ins and outs of trading to profit, and that doesn't even guarantee you'd profit that much. Invest a part of your shares that you can probably afford to lose, and that's basically it. In terms of investment well, yes Bitcoin is still good, but if you were to use it as a medium of payment, as much as I hate to say it, there's still issues with its speed and tx fees hence why it isn't really the best to actually use as a medium of payment. You're still welcome to use it as such of course, but thinking mainly from a business standpoint, there isn't really a big of an advantage in using it as a currency instead of the usual system that we have right now.
yes, I understand. I will invest some shares in the crypto world. and for the short term, I will try again to start trading in my spare time. I am still confused by today's Covid which concerns all aspects of the economy, even some exchanges also take expensive fees for transactions. but my business is always a priority over crypto world in today's covid condition.
bitcoin gets the attention again due to defi and pandemic makes people look for income sources. this isn't surprising anymore but bitcoin doesn't really provide income unless you try investing to some projects that allows you to profit. this type of investment though will also require a ton of money. if you are open to staking coins or yield farming it could just save you from the effects of pandemic.
I see, there are no good projects today, I say that Covid 19 affects all elements of the economy. In the crypto world, investing, trading still has a chance for profit, but I think today's project is very bad. i only invest in bitcoin, ETH. the project just makes me doubt. and I can't take a big risk. and finally I found my choice from all the comments here. [moderator's note: consecutive posts merged] |
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you use bitcoin to buy a lot of things online. but in my country, the use of bitcoin is still limited. and my country does not accept bitcoins. finally in my country bitcoin has little benefit. but I'm not worried, because today I still choose bitcoin for investing and trading.
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only concrete evidence that can make them believe, they are primitive and do not care about the progress of the times. they prefer fiat over virtual currency. it's hard to give them an understanding of how bitcoin works. and my advice is, you ask for capital from your parents then you trade bitcoin. and you have to show the advantages of trading to your parents. enough
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yes, the value of bitcoin is very volatile, if the fluctuation of the price of an investment is greater, the greater the risk you will take if you decide to invest. and your income will be big too. There are many factors that influence bitcoin fluctuation. when we see many people who support bitcoin, it will make bitcoin survive and rise, like Japan who chose to pro to bitcoin. But if a lot of people make bad news and bad support for bitcoin, then the value of bitcoin will fall, just as China chose anti bitcoin.
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bitcoin is a cryptography-based virtual currency. bitcoin cannot be counterfeit, but Bitcoin technology which is based on blockchain technology provides an attractive option for cybercriminals. With the operation of Bitcoin as a decentralized currency, people can make transactions without intermediaries such as banks or other financial institutions. without intermediaries this allows Bitcoin users to gain anonymity and an impenetrable level of confidentiality from third party interference. and in 2015 the founder of Silk Road, an underground digital marketing platform that facilitates the sale of illegal drugs, was sentenced to life in prison for transacting $ 1 billion in bitcoin.
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I think you are too late to invest in bitcoin today. bitcoin price is very expensive. bitcoin is always the best choice for profit. but I prefer trading. when it was Covid today, and you only chose to earn income from bitcoin investing or trading, I thought it was impossible to meet your needs. but you can do business and also trade or invest in bitcoin.
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Probably a dip, as people would probably be more confident to allocate money to businesses/companies(and away from the hedges like gold) that are halted by the pandemic, but I'm not really sure about a "crash".
I'm personally expecting a bigger dip with gold than with bitcoin though; bitcoin has been pretty much mirroring the S&P500 for a while now.
If bitcoin went down, would you invest in bitcoin or gold? I thought today the best investment when covid 19 was bitcoin and crypto trading market. thanks. your suggestions help me. maybe i should keep investing in my business. |
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I am a businessman, I get a lot of income from my business, and I leave the world of trading, bounties and investing in crypto. But after Covid came today, I decided to return to the crypto world, and I hope to have a good profit here. what if i invest my business in bitcoin? is bitcoin still good?
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