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The ban and restrictions on purchasing/using bitcoin in most countries is becoming harder on a daily basis. With your own experience at OP, it is more like an advice because there are so many cryptocurrency scams that they will not allow me to use the card to buy bitcoin or other crypto. Other countries does not want to see any form of transaction containing bitcoin or crypto currency, if it be found, that bank account will be blocked, same thing to the ATM card attached to the account, and if there be any money in that account, it cannot be withdrawn. This is because the government has strong ruling power against the use of crypto currency within the country, and the bank has no power to go against the governmental rules, but to obey them.
Most government finds crypto currency disturbing, but the banks finds it an interesting way of making more money.
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I don't think Bitcoin can be taken to be a world wide used currency. Most government of some countries takes Bitcoin to be a threat to their economy, and on the other hand, others finds it to be the next big thing for the future of technology.
Bitcoin's unique nature is not being under control of anyone or government, and the price has gone so volatile that it is no more controllable. The single thing that will work well with the crypto world and the government is for the countries to have their own coins, making it some must have coin as a crypto holder. Otherwise, it's a no way thing for the government to have a hold over Bitcoin.
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The major thing that has a strong effect on the price of Bitcoin and even the stock market is the government. The government is a strong hindrance and threat to the survival of assets and commodity which they think might cause threat to their government. That is why the government/politics has it's effect on the price of crypto assets and on Bitcoin in particular.
Most countries which accept Bitcoin found it favorable to their economy while others who reject and ban the use of Bitcoin or crypto thinks it's a threat to their economy.
Though the political and governmental effect towards Bitcoin, the acceptance of known wealthy people, companies and financial institutions joining the system, will reduce the negative effect of the government on the price of Bitcoin and crypto at large.
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Bitcoin has a maximum total supply, which when completely mined will be it will increasingly make the price of Bitcoin so expensive as it's supply will become less than it's demand. This is the reason why Bitcoin is termed a store of value or an asset. The price of Bitcoin will be very high as it draws near it's total supply, and this being known by investors, they are pushing in hard to have some parts of it. In terms of how much it will become in the future, that no one knows, and whatever is said now is on prediction or forecast of somewhat. The demand for Bitcoin has risen over the years, and as time goes on, the demand will keeps increasing as new and more investors are taking part in the system.
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Now he is dealing with someone who gives a good return and is also our country's man. My friend fixed a deal with him and the deal will be a bank transaction. The scammer sent money to my friend and my friend got a deposit message from his bank.
Over the years I have used the p2p methods of withdrawing of Bitcoin and Etherium, it has been with the fear of something like this or similar. If we are patient and contented with what we have and what is ours, we won't fall into such event. Knowing very well what the actual price for exchanging is, why look for more profit? That moment when you know something is cost within the range of $20 - $22 for sale, and you see someone placing adverts at $35 above (for excess profit) or $3 below (loss of profit and almost all capital), then, you should be vigilant of such an advert. There is no businessman that wants to give out all of his profits for some sort of deal. No matter how it is, the p2p system was made for a smooth transaction to take place with ease, giving room to byepass the restrictions made by the government of a particular country. It doesn't mean the scammers won't try to device some means of defrauding people, but if we play smart and use the available safe resources provided, we will see the beauty of it all. |
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The best thing to do during the deep season which are currently experiencing, buy the deep and hold for the next run. It's funny to say, when the hard time calls and you have to sell your little assets in other to move on with life, and seat back watching the bull run preparing to take off.  One thing I know is the time is never too late, no matter the little fraction that can be purchased at the moment. Holders hold, it's the best option, cause the next bull run is planning for a take off. |
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The crypto market is a risk, and trading Bitcoin is of more risk because eit is very volatile in its kind of nature. It is one thing that we know is wrong, which is taking loan for investing into Bitcoin or crypto currency, but as it is from family without interest, then it makes it good enough, bit the tendency of paying back is unavoidable, because the money might be asked for at a later time. Waiting for a lower deep would have been a very good idea, like when the price of Bitcoin got to the lows of $33k, $34k, and from that period to now at which the price has made a little positive move would have given some very good profit so far.
I will say, you watch closely the market to see the lowest it can go and buy before the next bull run takes place.
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We don't know whether it's a bull trap or not. We hope that it's the bull market that we are witnessing right now. The price reached even a level more than $42k. Now we see it at $39k but it shouldn't misguide anyone. This could be a some of kind of correction. As it's still not clear whether it's really the bull market, we should act very carefully these days.
I hope this is not a bull trap because seeing the situation is still very good, therefore whether we will see a bullish trend is to be expected but this will make up for this normal figure of $50k to become a strong bull to go to ATH again. I am preparing myself at this time whether I should continue or not what is clear is that my grip remains to sell when the bulls come and I don't think it is appropriate that bitcoin will experience another correction. I think we have to be careful in making the decision whether to buy now or wait for it to go down is a difficult choice. Actually, this is a really cruciall time in the market where every decision and action taken will determine whether it it will be a rejoicing or regretting step taken. If there is cash or capital, this is not too late to buy, though expecting that it might still go lower than this, then putting a buy limit at a certain range, cause we all know the market when ranging, it is always on a rollercoaster ride, untill we see the full move and when the market has broken off from the range level we know we are in for the next bullish trend that will lead to a new ATH of all time. |
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Believe me my friend, anywhere in the world, it is not easy to make money. If you see any airdrop that promises 100$, 200$, 300$, 500$ and above just for referring peeps, or sharing post online, then it is atmost 99% fraudulent.
Likewise, if you see trade signals that promises certainty, or bounties that promises you a fixed price for your token, be wary. It is not that easy nor realistic.
It is true that making money online or in the real world, is not easy and that is correct, but there is always a genuie one that do pay, but might not be high, but slow and steady will win the race, if patience is attached to the end of it. But in signature campaigns, participating in projects that has a promising future in the cryptoworld, can give you some good pay at the end of the day, also with the help patience to wait for the end of the campaign and hold for awhile, for it to appreciate in price over time. It is also true that most signature campaigns do not give what they promised at start of the campaign Student Coin is one that has such a reputation. Its just that we can't just stop, we'll keep pushing, till we get to the right one. |
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China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?
The use of crypto currency round the whole world has become unstoppable, and that is making it invincible to the rules of borders made by countries. Crypto currency or Bitcoin which is the number one, being banned by the China government gave a little effect to the price, but that is not able to stop the use worldwide, though, it might reduce the genuie use and give a negative rise in the increase of fraud within the country. Other countries following this step will only affect in the price which might take time to get back to its current price state, but will definitely get back. Before now, the use of bitcoin was mainly on the internet, and it grow with popularity and now it has physical stores and outlets which operate with crypto currency. If the use of bitcoin is regulated by the government, though it will kill its unique feature which bitcoin was made of, but that will not be enough reason to end the use of crypto currency. |
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The possibility of we seeing a next bull run is not too far as the change in the down trend is slightly on the reverse. Though it might be on a slow and raging period, trying to form new support and resistance zones, as it is something that has to be done in other to move on in the upward or downward trend.
It will not be doubted that there are some big whales and new investors using this as an opportunity to jump into the mainstream. No one knows how low it will go, but for sure we know it will definitely reverse for everyone to smile.
On the process of we (low cap investors) having big expectation of a bull run, we should also remember to know the importance of a stop loss if the market goes against forecast.
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Truly, it's a never say never situation, but using the start and foundation of it all, Bitcoin holds a very strong number of users, believers and has gained a lot of backers/trust from the populace too. Over the years, the people in the outside world will call crypto currency, knowing Bitcoin as the only currency, and any other crypto currency is of no importance. When crypto currency is called, the first thing that comes to mind is Bitcoin, then any other coin can follow.
ETH, LTC etc are coins that has been tagged to have a close range of replacing Bitcoin or giving it a hard time in the market, but we can all see that they are even trying to maintain their own position from other coins.
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The pandemic had a catastrophic effect on all the things existing here on earth. The world economy was affected, restrictions to movement, the lost of lives from round the world. The pandemic had no good thing to offer.
I was not much activit with crypto news when the pandemic strock hard in most of the big countries of the world, so I did not participate in airdrop or bounty campaign. The death rate made me weak and hard broken that the taste of money was no more on my mind, because only the living can buy and sell.
Well, as for the airdrops giveaways, they are gradually wearing away and I don't think they will last longer in the system. Having a focus on bounty campaign will pay higher and will give more reasons to complete your task when you know the worrh of you take at the end of the week.
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Keeping altcoins is a very lucrative way of making good profit in a bull market if the project is a good and promising project. Altcoins that has good marketing strategy, relentless team/developers and are market driven will be having an outstanding place/price in the Crypto market cause they will be having supporters to help the project succed.
How long will it take before significant changes will affect it's price for profits to be made. Looking at Dogecoin for instance, since Elon Musk made a tweet on Doge coin, the entire market placed their eyes on Doge, this is because a wealthy person has spoken about Doge, what if there is no one speaking for others, will there every be a quick rise in the price? That is why, selling of altcoins for Bitcoin or Etherium is a better choice of action.
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I don't really get why someone will just comeup with some unnecessary topics or posts just to get some traffic or views about some talks that has no meaning or bearing.
At the early time, when the means of exchange started, there was trade by bater, as civilization continues to grow, the use of precious stones where for exchange, and this all was done world wide, when English was not generally used by all. Now, English is used and a major means of communication between different region/language, and USD is used as a standard for international exchange, why don't they ponder on Bitcoin from the perspective of a new technology that will be used as time and technology grows.
Bitcoin is here to stay, and crypto currencies are to own the internet means of transaction, all this is over time.
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The rate of transaction using the ETH network was some hell of cost made, where those with little amount of coins finds it difficult to move their assets out from the ETH wallet to other wallets/exchanges. Well, the good news is that the cost of transaction has drastically reduced from how it was before now and we are waiting for the new upgrade that is to be implemented into the smartchain network which will improve it's usability and a slice down of transaction fees.
With a low transaction fee in any Network, it calls for a high rate of adoption by users. For instance, the BSC network is one that is getting a high population of users since the rate of transaction fee increased in the ETH network.
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