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It is not easy to stay calm in trading especially if all coin has decreased too deep. I see that many people still get panic on this and they cannot hold any longer and many of them are attracted to sell the coin at the low price. I agree that we must learn about how to not panic in every situation so we can remind calm and we can make a decision regarding what happened in the market.
When the price of bitcoin is still cheap, only hundreds of dollars for one bitcoin price drops no one panics. Then the price rises to thousands of dollars for one bitcoin, people begin to question when prices go down, then make an analysis as if bitcoin is not good for trading. Actually, bitcoin is the same as fiat currency, when prices rise and fall. So use logic, and analyze it so you don't lose, because if you know when prices go down, it can also be profitable. |
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There will for sure be an economic crisis very soon, the markets are all in a bubble, stock prices are crazy overpriced.
The percentage of people in poverty is growing and there is a lot of restlessness among the masses.
The economic crisis is not something strange, because there is a cycle where the economy develops and is difficult. Capital markets, finance, trade all depend on people's purchasing power. Likewise, bitcoin trading is very dependent on supply and demand. If the position is not balanced, bitcoin also experiences problems. Prices will drop or rise very fast. It's not healthy for the bitcoin market. |
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Just been thinking also about this situations. There always this possibilty that you will be caught if you encash it in a big amount of money. I am not familiar or aware of this kind of law, but i know that tax is a must if you have this large amount of money. But in the end you will be inquest about the source of that money and you might have them the wrong impression about it. Most of the time, i just encashing it with a little amount, or putting it to my childrens bank account.
This is not an easy thing when the bitcoin we have will be exchanged for paper money. The problem is, after being converted into paper money, the amount is very large. Fears are investigated by the government because a very large amount must be taxed. If exchanged little by little, fear of bitcoin prices going down. Officials in corrupt countries can do everything they can to achieve their goals. |
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Its a relevant idea for currency exchange and will be very good for blockchain technology. However, some other altcoin have adopted it but what is the success rate of the project. I dont think it should be difficult to do, other alternatives had not made it mandatory
Mastercard as a virtual money leader sees opportunities for bitcoin to be used throughout the world for the long term, it can be ascertained to provide mastercard bitcoin someday. The world has been put together by the internet in terms of communication technology, so that in terms of financial bitcoin can become global money, which eliminates the role of third parties when transactions. |
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It depends upon your needs, I know you can't go to buy vegetables or fruits with Bitcoin that will be quite difficult but if you need to send money to different country where Bitcoin is acceptable then I can't find any better option than Bitcoin. Bitcoin has helped to improve long distance payment methods removing bank from interfering and making payments across international borders very quick.
Bitcoin is very easy to use for transactions, especially for countries that accept bitcoin. Can pay for anything online, from books to cars. But for a country that prohibits bitcoin, it can be considered illegal, even though in reality it can be a transaction because all transactions are on the internet. |
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True and not true. Bitcoin is already in the mainstream but you're right I think bankers don't let bitcoin to get in full power because some are still afraid of this new system and I think bitcoin can bring down a lot of big comapanies and maybe even banks and this makes bankers to fear bitcoin.
Bitcoin has become a mainstream cryptocurrency for several countries including America, because of the recognition from banks that bitcoin is a digital currency. This recognition changes the perspective of society and companies about bitcoin |
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there are some friends that I have invited to join the market, but they themselves refuse, and their reasons, they need capital for it. and I do not recommend for families.
When prices fall the opportunity to buy, waiting for prices to rise to sell. Bitcoin is very volatile, therefore it must be smart when to buy and when to sell. So I still advise family or friends to invest in bitcoin, because bitcoin provides a profitable opportunity when prices go down or when prices rise. |
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of course if the government can control bitcoin it will definitely apply taxes because it will be a way to be able to increase state revenue from investors, and I think investors might not be affected by it as long as they can still get profit
The government cannot withdraw taxes as long as transactions using bitcoin are on the internet, or bitcoin is still stored in the wallet. However, the government can withdraw taxes when there is an exchange of bitcoin into fiat money at the place of bitcoin exchange, and that makes bitcoin users feel they have helped the government. |
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Yes, Fiat will not be totally removed by it will decrease in its operation little by little because blockchain technology will be very busy that time. So crypto /Bitcoin will reign as future money.
In my opinion, bitcoin will not replace fiat money, but in line with what is needed. Because fiat money is issued by the central banks of each country, while bitcoin does not print and nobody controls. Bitcoin is digital money and applies throughout the world, where the system is decentralized and peer to peer. |
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Well, I believe you if bitcoin can still be invested, in fact I still hold it because basically Bitcoin is suitable for long-term investment. The point is not to sell when the price is down it will worsen the situation so wait until the price rises again.
I believe bitcoin is an investment, because the purchases made at this time are predicted to increase in the future, so that it can generate profits. Bitcoin investments like gold investments will make people become millionaires, because their value continues to increase year by year. |
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Blockchain or cryptocurrency is currently developing or being created. But of course, there are certain people who don't want change for themselves.
Blockchain transactions are peer to peer, which means sending a data from one user to another without involving a third party. In addition, it also does not depend on one server, because all transactions are replicated throughout the network so that it cannot be manipulated, server down or account hacked. |
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I know few kinds of people: people who don't understand cryptocurrency and saying that it is a bubble, people who understand it and but not believe in it and people who just want to confuse other people.
There are many misconceptions about bitcoin, although bitcoin is a tangible result of technology applied to the financial sector. Bitcoin has no physical, therefore it is not printed by the Central Bank like paper money. In addition, the server is not centralized, making it difficult to penetrate because of its security. The price of bitcoin is not determined by anyone, purely by market participants, on the basis of supply and demand. |
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The government may ban Bitcoin in their country, but they can not ban their people from participating in Bitcoin. In my country, the act of issuing, providing, using illegal means of payment (including Bitcoin and other similar virtual currency) is considered illegal and may be prosecuted. But let's look at how we stay active and more and more people know about Bitcoin. This world is growing by technology and Cryptocurrency is an example.
I agree with you, the government is afraid that bitcoin will master financial transactions where the government cannot intervene because the bitcoin system is peer to peer and anonymous. If the government cannot control the financial system in its country, there can be a financial monopoly that leads to control of state assets. |
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This is just one of the scenarios, unfortunately, or fortunately, no one will say exactly how the fate of the cryptocurrency will be. I prefer to be optimistic.
I believe that bitcoin will become a digital currency that is very influential in the future, because it has several advantages that fiat money does not have. Transactions with bitcoin eliminate regulations that have made transactions take a long time, eliminate the role of banks that make expensive transactions, and monitoring by the government that always suspects money owners when making transactions. All that is removed by bitcoin. |
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It is a good business idea. Many people provide help with a mining of bitcoin.They give clients for rent farms. I know some guys that give lessons and master classes for those who want to start investing in a bitcoin. There are many ways how to monetize your knowledge and utilize the facilities you have to make money.
Bitcoin in the future provides opportunities for companies to focus on business development, in this case marketing, trade, investment and other businesses such as tourism, transportation, health, etc. Bitcoin will be a part of life in the future, where countries that now refuse to accept it will someday accept. The world will change, and one of them is bitcoin. |
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