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in short-term trading, I think the emotional factor is the most decisive, because in short-term trading, we don't wait in the long term, usually it can be called daily trading, with a short range we take advantage of opportunities to get a little profit but it is often done so that the same like we get a big profit in the calculation. therefore it takes an emotional well-established in order to launch the strategy to be executed
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Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems. Would love any other users take on this ..
I know you're talking about in larger scales, but let me put an input for myself on what it did for me at least. It helped me save transportation, bank fees as well as time when I just wanted to check my balance. Imagine just the struggle of wanting to withdraw your money to buy something you wanted just to be bombarded by all these fees. Surely not many people would notice that depending on how far ATM machines are in your area. especially since I'm in a village, of course to find an ATM I have to go to the city, where I have to do it because I have to pay cash to pay at a shop, and it's not practical after we get to know bitcoin, because there is a more practical way to use it, unfortunately not yet familiar and not yet legalized by the government, but indeed the initial purpose of bitcoin was as a currency, and hopefully in the future this can be realized, for now with bitcoin at least I can improve my family's economy, which can cover the small salary I get as an employee |
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You can teach them through Bitcoin pictures by drawing or printing them from the Internet. But keep in mind that the images should be simple and clear. For example, draw circles or squares to represent Bitcoin, and an image of a Puzzle block or tree consisting of many small squares to represent Bitcoin transactions. Pictures often strike deep into the subconscious of children, but don't expect it to work and make them curious. After all, they are still children, expecting too much makes you become frustrated.
there are many ways to introduce things to children including bitcoin, basically children like to draw and color, we can easily find logos on the internet, and children are asked to imitate them, or maybe accompanied by cartoon characters first, so that it can continue remembering the child, or with a blank picture and the child is taught to color, and of course he is given an example of the color that should be used, of course he will ask what picture he colored. |
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and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
First of all I wanna say that, whole crypto world running by following the steps of bitcoin. Now in this case where bitcoin will go it also understandable that those will also follow that path. Then psychological sentiment apart from market sentiment are all reasons behind it. But that doesn't mean the all-time the whole crypto currencies I mean all the currencies doesn't follow the bitcoin price. Many times some of coins dumps while bitcoin are running but most of the cases most coins are also follow the bitcoin prices. It is this sentiment of trust that makes bitcoin a major investment favorite during a bearish season, where altcoins experience dramatic dumps, and our only refuge is in bitcoin or stable coins. this is not because people don't believe in altcoins, but later there will also be an altcoin season where we will see altcoin prices react and that means many investors are starting to enter the altcoin market, until it reaches a saturation point and finally falls back, this is more a strategy in dealing with cryptocurrencies. |
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Population is just a factor that could drive the economy of a country towards the progressive path as well as downwards. It all depends upon the person in power. The population being productive is in the hands of the government. The government should engage into development and creating more opportunities. When the government fails, then the young population gets deviated from the track. This is where more crimes takes place and the same population turns to be weakness. Right now China and India stands high on population. Both are at the good position in terms economic strength, however the policies India government hold at the moment to divide and rule can anytime be a threat to the country as well as upliftment of economy.
For example in China, which has the largest population in the world, but they have an economy that counts for the world, there are almost no countries that do not use products from China. it's different in India which also has the largest population after China, from a developing country to finally being able to move to a developed country where the government can take advantage of the advantages of existing human resources, but what needs to be watched out for is the political role that feels like it wants to rule |
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It totally depends on your financial situation, long-term plans, and even local housing market conditions. Buying provides potential equity growth and stability, while renting offers flexibility and avoids property risks. Consider your circumstances and consult with experts to make an informed decision that aligns with your goals.
as someone who lives in my current environment, maybe owning a private house is more profitable. However, for those whose jobs change due to assignments from the office, I think renting a house in their work placement will be more effective, especially since those who usually have received an allowance from the office for their housing, so if they have a house they are worried that it will not be taken care of, and if they are rented out, they are afraid it will damage our house |
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snip~
. I don't disagree that we need to adapt to the rapidly changing conditions, but there should be some kind of control from the governments; it has gotten so out of hand that the average household can barely survive.
You need to accept what is happening and adapt to it. If not, do you have any solution for that? Are you sure that when your country has another government, they will make your life better, and why should you rely on them? It sounds like you're trying to blame everything because you're having a bad life right now, and it's not your fault. Although inflation is still there and will never disappear, why do so many people have more stable lives than we do? Is it their fault or ours or the government's? we must be more enthusiastic to beat inflation so that our economy is getting better. indeed a time like this is a difficult time, especially for ordinary employees, where we have to rack our brains to survive. therefore we must be able to use finances wisely, so that the inflation that occurs does not seem to have a bad impact on us. on the other hand we must be able to increase our source of income, don't just rely on us working, where at any time there is a threat of termination of employment, given the increasingly fierce competition in the business world |
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Guys. Thank you so much for your questions and participating my conversation.
Unfortunately, Kindly 🙏🏻 I don’t have enough time to convince you.
I love u. You always open my eyes!
Cheers! See u soon.
You can spend a whole year here and convince anyone you want of your illusions that you are a successful crypto trader, but you admitted that you gambled away everything you ever earned, no matter what you blame the market for. Instead of literally begging for money, you'd be better off rolling up your sleeves and getting down to some serious work, which is what most people do in life. we must be sure about trading that will lead us to financial freedom. if we are in doubt then it will loosen our enthusiasm to learn trading, that way one day we will surely succeed, and of course by looking at our portfolio investors will come by themselves, as long as we can trade in a healthy manner and in accordance with logical targets, trading is not just one or two transactions, but healthy trading is done repeatedly, so we can know the quality of a person's trading from portfolio achievements and time targets |
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the first thing I questioned while getting to know the world of trading, so I searched the website of a religious institution in my country, which basically explained that trading is not gambling, as long as it is done correctly. trading is the same as selling something, it's just that this one is intangible. therefore we need knowledge about trading before we start, so that we don't get involved in gambling, where we make transactions without any basis, and only hope for our feelings to get lucky. from this it is clear that the religious institutions in my country allow trading, because basically it is not controlled by anyone
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I don't see Bitcoin being able to reduce poverty, especially through a peer-to-peer transaction mechanism that doesn't depend on third parties. Even if bitcoin becomes widely accepted, it can replace fiat currency and become a more efficient means of exchanging value may not necessarily reduce poverty. Moreover, the implementation and widespread acceptance of Bitcoin is still a challenge that needs to be faced in various countries.
I don’t quite understand how that get to come in when you say “can’t reduce poverty especially through a p2p transaction mechanism”. How do you mean or of what relevance it is to the parent sentence? I agree with you that bitcoin can’t reduce poverty as we like to think because, if you aren’t skilled in some way to either earn them, work and get paid in cryptos or earn well enough money to buy and hodl, your still going to be stock right wheee you are. It’s a currency and like currencies, it’s used in exchange of values. This means, You’ve got to have some value to exchange for them btc and vice versa. Yeah this is the thought I already got in this one. It’s just currency, I mean like dollar and sterling. Why does it make sense to think like this way? I mean come on, if this was gold, silver or anything else that is traded physically or virtually with a value then does it mean it’s gonna make us rich? I don’t think so. More than that poverty and richness is all associated with the education, employments within the country, international business relations with other countries and much more. It’s a big subject to discuss to be honest. when there are those who profit from bitcoin, then there are also those who lose money, therefore bitcoin can overcome poverty by having knowledge about bitcoin so that we can respond carefully to the movement of bitcoin and can generate profits according to our thinking. or in investing by investing in bitcoin and being able to hold it, one day its value will rise and can exceed the inflation rate that occurs so that it can save our money. especially now that bitcoiners are still minimal, if later they develop further, then that is an opportunity |
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I meant to say the same, as you said. And i do gree that sometime forcing becomes necassary like your example of taking kids to schools and some do not go easily so we have to use force because we do know that it is for their own benefit.
But, i meant to say, if your kid is not showing any interest toward crypto sphere then you should leave the idea for the time being and maybe when your kid is showing any interest then you should give importance too.
So, overall my conclusion was to teach them about current trend in technology if your kid showing any interest toward technological studies. Otherwise we should not force them.
When I heard about bitcoin, it was not some kind of call to invest, I was just told that it was a very promising coin that could make me rich, then bitcoin was worth less than $100. Do you think I became interested in this and began to buy? Of course not, a lot of time has passed since then when I decided to figure it all out and then I realized how much time I had missed and how grateful I would be to the person who told me about bitcoin if he could convey to me everything that I was not able to understand then. Later I made a mistake again when I started buying altcoins to end up with more bitcoin but it didn't work I didn't sell in a bull market and ended up losing all the profit. I went all the way on my own, made all the mistakes that could be made, in order to finally understand that I need to invest in bitcoin. I lost a lot of time because I had to figure everything out myself, so maybe if we tell someone about bitcoin and do it right, then it won't be such a bad idea. I think children are only introduced, to go further, maybe we also have to look at their age so that they are ready psychologically. but of course we have to support their interests which are not necessarily in accordance with what we imagine. as a bitcoiner so far, of course, there have been many heartbreaking and pleasant stories, everyone has certainly made mistakes that regretted, even though they are meaningless unless we take lessons from those mistakes, exactly the same thing happened to me, where investing in altcoins and many of them were worthless until now |
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So now a question arasie in my mind that how this proccess manupulate the market? I wanna know some details from you guys.
Can you rephrase your question? What do you mean by 'manipulate' in this case? They sell the BTC on the open markets hence there's downward selling pressure. What more do you want to know? I wonder what else folks want to know about large sell-off rather than a temporary price fall which will be an insignificant proportion to what the total Bitcoin being sold off, and if the US government decided to pull off their seized Bitcoin to support their inflation-afflicted economy trying to save the USD from sinking. Even at that, this current Bitcoin price pullback is a kind of correction that will propel a more robust Bitcoin price in the coming weeks, since Bitcoin has sustained this price benchmark even with all the market pressure. right, the decline in bitcoin seems to be just a price correction to get squared off to jump higher. here the bitcoiner's belief in bitcoin is more solid so that they have the thought that bitcoin is a good investment, which in the future the price will always rise along with the development of bitcoin adoption. price fluctuations that occur as if a normal phenomenon and currently bitcoiner is not as fragile as before, even though the price fell by more than 50%, because later it will fly more than the previous ATH |
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Bitcointalk Rank: Full Member
Lifetime Earned Merit: 111
Bech32 Address : bc1q0lcjv6gya8nxxrf3zul6f92m0ee80zj7cntxm9
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Bitcointalk Rank: Full Member
Lifetime Earned Merit: 111
Bech32 Address : bc1q0lcjv6gya8nxxrf3zul6f92m0ee80zj7cntxm9
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It's absolutely fine to spend your coins if you are interested in buying stuff with it because that way it will help to spread the adoption at mass level apart from just holding.I know we see it as investment asset but we should not eliminate the base cause of its creation which was to make transaction.You can hold and spend at the same time if you wish to do so.
Basically if we buy things with Bitcoin it is only transacted for convenience. However, most investors hold their bitcoins for long periods of time as they are not ready to spend their bitcoins at all. Of course Bitcoin is a good asset to invest in which reflects the fact that people are mostly loyal to Bitcoin. And what's really interesting about all the transactions completed by Bitcoin is that Bitcoin was created to be transacted. If an investor holds on to his bitcoins, he will be able to make good trades in the future. Bitcoin holders always think positively they keep Bitcoins in a trusted wallet for the future. And there are some investors who keep their bitcoins stored in a specific wallet so that they don't have any problems in the future when it comes to transactions. for those who have cold money and are preparing for the needs of their children in the future, and currently their children are still small, holding bitcoin in the long term is a wise choice, that way when a child, for example, enters university and we have retired, then from this bitcoin investment you can meet these needs. moreover, we still hope for wider adoption of bitcoin, so the opportunity for the price to rise is still wide open. On the other hand, we really have to secure our wallets from thieves, and many steps can be prepared for that |
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Looking at effective price of altcoins ETH has not really record a bad history and very soon ETH will hit way bigger and better, if you have sphere money buy plenty of it and allow it to run for five years and watch what the outcome will be. Let's not surprise when ETH will shook the market cap of world trade many will be made billionaires and by then it will be too late for others you didn't buy at all. In shot begins to store all the relevance altcoin and wait for it. Happy Sunday
If anyone is interested to invest on alternative coins then the Ethereum will be the choice for gain up. It is the next line of Bitcoin. And yes it doesn't have any bad history on the vary of different bear and bull season we have seen several pumps and dumps but the truth is it doesn't have any bad record. And if you look behind the previous ATH of this coin it is huge from its current price so it can be always a good idea to invest on ETH and it likely to be long runs. looking at its history, ETH has had a good reputation since it was founded until now, I think ETH is still very good for investing, especially since many say that ETH is the king of altcoins, just like bitcoin is the parent of cryptocurrency. so buying this altcoin for a long term investment it seems like everyone agrees it is a safe place to invest. the advantage of this investment is that we can get a greater profit than bitcoin, however the risk is also greater than bitcoin |
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to identify a new coin may be more difficult than investing in an existing coin that was born a long time ago. many people misanalyze it, but of course not all new coins will just turn to ashes, there are also some that are good for the future. However, we must be aware of our capacity to analyze, there is a better choice by investing in a major coin that has minimal risk, and we can only hold it until we make a profit, and of course it will be safe to hold in the long term, but if we want to learn, don't forget to manage finances well, because we are aware of the high risks
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yes, ADA is a good investment, because ADA in the top 10 on coinmarketcap, so that proves if ADA is still popular and the current ADA price is $0.284 while the ATH price is $3.09, so if you invest in ADA at this time and the market start to increase again (bullrun) in the near future, then of course you will get a lot of profit, because I'm sure if a bullrun occurs, then the price of ADA will reach its ATH price or even a new ATH.
Yes regardless I still see ADA as a potential coin, for long term investment it looks like it will be profitable and the important thing is to be patient waiting for the right time to sell it, let's hope that when the ADA bullrun will reach a new ATH and we'll see. this coin most certainly will have the chance of growing further if we see some rally and changing of season that is bullish season arriving. honestly, there has been so many good coins with good potential has been rather stagnant, BNB is also one of them, despite the fact that there has been so many events involving this coin it still rather stagnant, I don't know the exact reasoning but it seemed that majority of coins with high market capitalisation in general are just waiting for bullruns to arrive,that seemed to most logical reasoning for right now. altcoin ADA is in the range of altcoins that can survive during the bearish season, and can also follow the movement of bitcoin when it goes up and down. indeed this altcoin is one of the altcoins that can be prioritized for investment, considering that it will most likely also increase when the bullish season comes and it is also hoped that the increase will exceed the percentage of bitcoin, because that is what we hope to increase the investment risk, but also increase the target gain |
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