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fiat been the currency issued by the government will be controversial in relation to crytocurrency that is a decentralize market. and the government wants control over everything even our privacy. and fiat will warrant government to have access to that. crytocurrency is an investment, a long term investment. so is encourage that one also have other sources of income. since it is not yet accepted in some countries.
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this bring to mind the question, who is now save?. where is our right to privacy. i believe this is a bridge of trust which is the fundamental of any relationship. are there any justifiable reason to give out peoples data?. cryto being a decentralize market should have policies that help keep peoples private data. now we are not only worried about scammers but also government agencies and some organizations. honestly this post is very educating thanks
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this is very exposing to the world of investment in crytocurrency. getting the right orientation about investment. making research about the investment. because its a volatile market. and an investment that grows with time. understand the market and be in a community that educate about crytocurrency. and there are scammers everywhere, follow the right channel by investing rightly.
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knowledge is key in investment. reading and interpreting of chart and its flow is important in investment. not all might know how to read a chart or interpret it. but that doesn't mean that one shouldnt notice things that affect the market. and charts help in educating individuals on when to buy or sell. especially long term investors. though some will argue that they dont think chart is necessary, respect thier views. how do you now know when to buy or sell if you do not know the trend?. knowledge is key. knowledge in all its form.
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merit is like a compensation for learning and job well done. psychologically, it encourages people to participate but it is now left for the individual to modify his or her driving force of participation. there is more to this forum. educating and learning is part of it. so also is networking and communication that helps to inform and put most persons on track.merit is important but most important is learning about bitcoin and crytocurrency investment.
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I fell victim to this and i learnt it the hard way. i follow the trend and knowledge of the common man without studying and understanding the market and project. now i am reading up on project and understanding how this things work. one could join an online community, read the white paper and also know about the project of that coin. it is good to invest but one should make findings about ones investment.
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information is key in any venture. getting information by reading and also asking expert in the field of investment. but its advisable to invest in bitcoin and etherum. and also know that these are long term investment. also advisable to join an online community.
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over the years since i first started investing in cryptocurrencies, i have seen a lot of good projects fail and it is not always due to the team.
Most of the time some ideas are just too early for the market and sometimes some projects are not just appealing to investors
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Understanding strand in the crytocurrency is very important. Knowing of history of trading. Both the bear and bull market are also good time to buy. For the bear market, it enable people to buy when its low,but some coin don't survive the period of bear market,because of its structure and project. Now for the bull market, buying can increase the trend of the coin,thereby also adding to ones profit. But the market is about risk. but calculated risk and information through research will inform one when to purchase and sell
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Apart from speculation and projections,crytocurrency is growing towards the point where individuals and companies can use it to exchange for goods and services. Some countries and companies are already using it. Some policies just need to be in place to favour its usage and also individuals transiting into the era of digital currency. Though it might take a while since small scales business and most individuals are not familiar with it environment. Some of the exchange can exist only in the ecosystem of the block chain and the services they rander. Mind you not all coin offer real life utility.
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Since we are evolving, no longer in the era when the man has to use strength to feed the family. Now with a decentralized market and smartphones, anyome can invest in crytocurrency. Its all about equity. Women are coming into crytocurrency, understanding the market and investing. Mostly invest in bitcoin, ethereum and dogecoin. They are survey that shows that women are investing in crytocurrency
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Proper investigation and research is what most investors lack. Be it a short term investment or longterm. We should take time and look at key issues like, why do I want to invest?.don't be carried away by the hype. Secondly read the white paper of the crytocurrency. Thirdly,look at the block chain and technology it uses. Fourthly, read review on the community of that coin. Know if the time of investment is right. Sometimes we are to take risk but calculated risk is safe than sorry.
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Coin staking are good but it also has risk. Making adequate research of coin that use proof of stake and also platform that are flexible in coin withdrawal to make other investment is important. Also know that its a form of passive income. Unless one wants to stake alot of coin thereby making one become a validator.
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Even if we are prepared, we can't really know how we will feel about something's.but there are things we can do at the period of bear market. Know that as there is a bear market, so there is bull market. Know that market fall and also rise,so don't panic. Study the chart. Allow the market to grow with time,buy when its low and allow it to grow. Since its about long term investment. Make research about a particular coin. Learn on how to trade. Build your skills to study the flow
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The force of a community can make something grow. Like the way the shiba community is hoping that it will reach $1 there by influencing others to invest and hoping it will be the future of crytocurrency. Or at a least among the top 10. Sometimes we are influence by the community we belong to and we can also gain support and information on what and how we can invest. We can also promote interest and advertise the value of some coin and make it grow.
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When it comes to value of coin,reading of chat to know its sustainability is important. Coin like BNB,Ethereum,Bitcoin and ADA are off good value but diversification is highly encourage. Some coin will grow with time. So invest in the new ones but invest moderately and wisely
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Investment is about calculated risk. But one has to seek information about a particular metaverse. Know its policies, projections and activities with other promising investment. Also one should be on the look out for scammers, those projects without projection but immediate gratification without long term benefit.
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In the world of business there is uncertainty and risk but improvement makes the difference. Especially for a project that is not yet completed. Some platforms show promising in the year 2022. Like MANA,SAND and decentraland. The level of utility of these project in metaverse will make the difference. Giving people what to spend their token on.
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In the past there are been different ways of making money in crytocurrency, for example ICO,staking,mining, bounty hunting, buying and selling of nfts,investing in memecoins etc.from all these which do you think is the beat approach to make money in the present market conditions?.
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