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upside down statement I think, the government is the ultimate control holder in a country, and crypto can't replace it. we can see at this point where crypto is banned as a means of payment, and no one dares to use it or is going to deal with the law. but we are still grateful that we can still make money from crypto, and that is also what the government allows
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It's only my opinion but I think yes as you can see the DeFi and the NFTs are high at the moment and those NFTs and DeFi use BNB in order to complete their transaction. For me I think this could be a good long term investment I remember the time when I see the BNB which is only around $50 and now you can see it's more than $300 so I think it's really good for long term as long as the DeFi and NFT are around.
This increase in bnb is indeed inseparable from the defi and nft projects that use the binance smart chain services as a transaction tool. so I personally also think that bnb is suitable as a long-term investment tool, because besides that they have the largest exchange in the cryptocurrency market |
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In the recent dump, these meme coins suffered the most.
Expect from the dogecoin, all other meme coins are 70-80% down. I don't see any recovery of these meme coins until the market is back in bull phase.
It nothing new, meme coins always suffer most when bitcoin dumps, since they are just fun tokens and not Utility tokens, dogecoin dumped too but not as much as other meme coins, dogecoin has manage to become very strong right now with Elon Musk backing it, dogecoin looks unstoppable. what's worried about meme coin is the hype pattern for which we have to be extra careful. this is like speculation so as soon as possible we must seize the moment. or else we will lose what we should have held, because when bitcoin is slammed then the meme coin will suffer even more |
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Hello Everyone.
I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?
Beginner should learn first how to buy Bitcoin and hold till when its value has appreciate before selling at profit. Margin trading is not for beginners who is still learning because there is a high tendency of them loosing all their capital as a result poor knowledge of how crypto currency margin trading work. Just buy low and hold till you have made profit then sell is my advice for beginners. We really should be aware of ourselves if we are still beginners, in the sense that we should not impose a will that has not yet become our class, such as margin trading, because this has a greater risk. we have to learn step by step until finally we can go to margin trading with lower risk because we already have the knowledge |
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I'm sure I heard someone talk about bollinger bands or something for doing this. If the price is outside of the band, the asset is volatile.
Bollinger band don't look perfect for this because it is not an indicator to rely on for proper direction. Some times working with it you can be correct and other time it will fall. Also you can hardly predict when the volatility of the market has ended but you keep being in the market, this is risky to use but if it can be combined with others, then you can manage on it , Bollinger is a lagging type of indicator. Volatile was based on the coin which you had invested.Most of potential coin will have good volatile.So check the volatile before investing ,or else you can't exchange later.Some people without seeing all this invest their money and cry in the future after the loss.Don't risk in the future,just inverse your money and hold .When the market get into the pump,you can sell your valuable coin. To avoid disappointment, I think we should not rush to invest, but we must study it first so that we know the characteristics of the volatile pair we are investing in. that way we will dare to hold it indefinitely because no one knows when the bullrun will happen |
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It's difficult to calculate when a person who do the trading has no adequate knowledge on what he was doing.
Difficulties will always made him more undesirable, yet so panic when it comes to price fluctuations.
That's why it's so important to learn from a certain basic process up to the final steps in order for us to become skillful of everything in trading.
Without any of those particular things, I don't think we're going to conquer our emotions while in the midst of trading uncertainties.
Everyones starts on being a noob and its just normal that mistakes could really happen since we do still lack knowledge.Emotions would be there which is normal. Due to lack of knowledge then you would really be ending up on confusion which would result into bad decisions and when you do gain experience and you had already mold up yourself to be a better trader then you could able to handle your emotions well as you do go ahead. we often hear this from the experience of other traders, and of course every trader after real trading will experience it too. after we have real experience then we should be able to learn from experience and erode emotions little by little until we finally become professional traders |
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My main strategy is to just buy and hold until I make profit. Another one is to buy again when the market goes down. Before buying any asset i just research the ups and downs of that particular asset and then buy.
This is the most effective strategy if you apply it for bitcoin. Think of it when bitcoin was under $30k and you've been doing this until now, you're looking at those gains. That is the reason why people never stops buying bitcoin whenever the dip has shown. You're always at the correct path if you this strategy and you're someone that believes bitcoin is here to stay. I also believe that buying on dip and hold till you can sell it with profit is the most simply but good strategy, but not all investors or traders make it in a simple way because they are lack of patience and they don't have a strong hand to hold it for a long time or when the time that the coins will rise up to 4 to 5 times higher. what usually becomes an obstacle is when the price is in the valley we don't have the courage to buy because it is feared that it will go down deeper, and after the price goes up like this we are disappointed why not buy it first. therefore we must have a reference to buy, as was the case yesterday when the price reduction was more than 50%, we must venture to buy, and take profit |
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In my own opinion cryptocurrency is one of the risky and unstable currencies, but in terms of value, why BTC is valuable is because the community accepts the consensus price and increases the price. The value of BTC goes up. so it is impossible to predict exactly what the price of BTC will be. It all depends on the market and the trading community, they buy and hold a lot of BTC will increase in value, they sell a lot and sell out BTC. se decreases in value, it's really hard to talk about this.
The growing community makes bitcoin continue to shine, moreover more and more large companies are investing in bitcoin so that the demand in the market continues to increase and this makes us worthy of making bitcoin the first choice in investment. there is a lot of positive news on cryptocurrencies that this is increasing the upward trend in crypto, and it is undeniable that investing in crypto will be very profitable in the future, but not everyone dares to do it, even though they actually know it. many of them already love investing in conventional fields, and they are calm about doing it |
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If the bank uses cryptocurrency, it means that cryptocurrency no longer has anonymity, and every transaction will be recorded.
The advantages of cryptocurrency p2p will not exist. There is also the existence of a third party.
Banks and crypto are difficult things to put together, if banks accept crypto then their function can only be like exchanges which of course is nothing new, maybe the best way is for banks to make crypto as a product but the risk of profit or loss of course cannot be controlled. I agree, where banks can make crypto as their product, where this is like saving money but has a legal umbrella, but unfortunately at this time there is no such program. maybe for the first time that banks can use is a blockchain that has many benefits. and this is inseparable from the role of the government which will provide policy, because we know that banks are under the control of the government |
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Yes, that's the condition in the stock market. It's like btc is the spearhead of everything, when btc goes up they traders are optimistic that other coins will go up too .. vice versa if btc goes down altcoins are much lower than expected.
It is a very perplexing phenomenon. When a bull rally occurs, usually the altcoins go up even more when compared to Bitcoin. As a result, the exchange rates go up, but the Bitcoin dominance will go down. The exact opposite is the case during bearish phases. The price goes down, but the Bitcoin dominance rises because the altcoin exchange rates go down even more when compared to BTC. The best example is the bearish phase of 2018, when some of the altcoins went down by as much as 98% or 99%. when the phase goes down, the altcoins fall deeper and the dominance of bitcoin will rise, this is because investors are looking for a safe place to invest, namely in bitcoin, so bitcoin capitalization looks very dominant at that time. and this will split after bitcoin has increased and is followed by altcoins which will rise higher than bitcoin, because it is felt that there will be many potential altcoins with lower prices, in this case it seems as if bitcoin cannot be separated from the holder of control in cryptocurrency |
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If in a certain situation the use of Bitcoin provides you with sufficient utility such that you feel the use is justified, why not use it even if you expect it to go up further? The time concept comes into play here as well. If you have to make a decision that is aligned with your preference curve and using Bitcoin today provides you with more utility then keeping Bitcoin and gaining an expected 10% more value over the next four weeks, using it makes sense. The rest has been said here, if you have no choice, I guess you have no choice but to use it!  Let me add: Maybe you got kidnapped or hacked and the criminals want you to use Bitcoin!  Even if you expect it to go up, I suppose you are going to use it regardless. In fact, many people know that bitcoin will increase in value over time, but many of them have not dared to take a step, this is a dilemma because if we want to be successful, we have to get out of the box that always shackles us, until in the end we don't sorry that we are late to step up, and as time goes on of course we will be forced to use it, so what are you waiting for |
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One day, I read the post as usual.And I found this post by accident： [Merit] Hey Bitcoiners! Can You Send Encrypted Messages?I have to say that this really sparked my interest. What a cool thing to send encrypted messages.After 3 attempts, I finally sent the encrypted message to OgNasty correctly.（This encrypted message task made me know the name OgNasty for the first time.） Then I learned from Og’s My 10 Year Bitcointalk Anniversary that he has an online store.Since this is my first time shopping with Bitcoin. I ended up with the cheapest item in his store, a T-shirt. But due to a mistake in my operation, I forgot to fill in my contact information.Fortunately, Og sent me an email, I sent him the correct address. A month later, I received a call from the courier. I was curious at the time because I had not bought anything recently (I have forgotten that I bought this T-shirt 1 month ago.) Really surprised when I got the package. This is my T-shirt, there are OgNasty stickers and postcards in the package. This is a shopping experience full of surprises, and also my first Bitcoin shopping experience.This t-shirt is cool！ not everyone can buy something with Bitcoin, you are very lucky to have managed to use Bitcoin as a means of payment. I see only a few countries that accept bitcoin as a means of payment, hopefully in the next few years Bitcoin will soon be formalized as a means of payment in all countries. I personally also have never used bitcoin as a means of payment, because honestly for now it is less effective. and I think it would be more profitable for bitcoin as an investment tool. so to buy goods today I usually convert it to fiat currency first, so it is flexible to be used as a means of payment. currently like elsalvador has legalized bitcoin, and of course you can easily spend bitcoin directly, hopefully later other countries will soon follow |
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The importance of sharing happiness with our less fortunate brothers and sisters is the most important thing compared to continuing to achieve big profits for personal gain. This is a very inspiring thread for everyone about the importance of sharing happiness by utilizing crypto as a source of funds.
Good people will get good things, hopefully friends who feel they have more money can set aside some of their money for activities like this.
Good luck bro, and may God give you the strength to be able to do good until the end of life.
we all believe behind the power we have, of course there is another power that is greater than everything, because we are religious people. therefore happiness should not only come from physical, but we must seek spiritual happiness, so that our lives will be balanced, and one of them is by doing charity for our less fortunate brothers, so that we can feel true happiness. |
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Of course, this is an interesting topic. Relatively recently we discussed it on Bitcoinvn . I don't know how much it is disadvantageous for the government, but it is definitely disadvantageous for the banking system. You can even look at the fact that banks and the government are creating centralized cryptocurrencies. This is a clear sign that they are afraid of becoming unclaimed. Some of them hate bitcoin very much and intend to stop bitcoin adoption among the public, because they realize that if bitcoin adopters grow this will make some people no longer trust the banking system, so they plan to launch their own digital currency (CBDC) that can fully controlled by a central authority to restrain the growth rate of bitcoin and other altcoins. despite the lack of bitcoin, I see them as if they are blocking bitcoin because they are afraid of their current safe position, and because the government has the power so with their strength they are still able to hold bitcoin to achieve its basic goals. until eventually bitcoin can be used as an alternative payment, although with a note. but as time goes by i think btc will eventually get to its destination |
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Although bitcoin is a safe place, it carries risks too. and I think investing in bitcoin has a high risk, so we must have prior knowledge about bitcoin before investing, so that later we will not be disappointed. although it is a high risk, but if we know the characteristics of bitcoin, then that risk can be controlled, so basically bitcoin is a safe place to invest
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It's not a bad idea to go all in Bitcoin, especially if we are new to the crypto world and don't have enough knowledge to look for other good projects
for investment. It is better to invest only in Bitcoin, than to choose the wrong projects. But maybe the results will not be optimal, because there are
actually several potential altcoins that can provide large profits. That's why I always recommend continuing to study the crypto world, so that
we can choose good altcoins for investment. So we can make more profit from the crypto world, however it is better to store eggs in several baskets.
Going all in isnt bad as long you do know the risk and also going all in with bitcoin is much more better rather than on considering some shit coins in the market.So i would really be taking this as a good step but not all would really be that keen on investing on a single coin and would diversify on certain coins in the market.Its your money though so its your decision to take because when it comes to losses you are the only ones who would experience it not us. So be careful on what decisions you would take. I believe everyone has their own strategy when it comes to investing in cryptocurrencies. There are people who don't want to be bothered by doing research or analysis, for reasons of busyness, so he only invests in Bitcoin which is proven to be safe. We can't blame other people for going all in Bitcoin, it's their right to do that, because they have the authority to use the money they have. Let everyone make their own decision, because the risk will be borne by each person. It's better to focus on our own strategy than to waste time thinking about others. the rest we can only give advice, which is a decision for each individual. I don't think there's anything wrong with investing only in bitcoin, where the investor just wants to hold it for the long term and doesn't want to make things difficult for themselves. it is different with investing in new altcoins, where we have to monitor, analyze and must be careful with the analysis we have made, and even then sometimes we are still wrong in analyzing it. by investing in bitcoin then we can do other activities in peace |
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The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
You are right, I made such mistakes several times that I just enjoyed being in that community, so I trusted this project. People there said that this project must go to the moon, but then it was hacked. Also emotions are dangerous when you see how tokens increase and you think that you will not have time to earn, so you buy on highs and then losses. It is a greediness of people and if you want to earn you should get rid of such emotions. before a new coin appears, it's good to know the development team on the project, where we can see the background on the previous project. they will make a good roadmap usually, and we can follow the progress. for new projects, of course we have to be more careful and monitor continuously, so that we can analyze whether the new coin has potential or not. on the other hand many of the new coins cannot survive, that's why we have to be careful |
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Not every country is on the side of support. Of course, countries that support Bitcoin will have a beneficial impact on Bitcoin, and government intervention will more or less bring growth or decline to the crypto market. But I think that in the future, the government may hold objections in the majority.
I think no matter which side that a country is on, it's going to be beneficial for them, it's just a matter of perspective, think about it, if they don't support it, they can control the population much easier since they don't exactly have the freedom to get out of being oppressed. but I think if the government gives a good policy on bitcoin, of course it will make people have to obey it, and of course it will have little or much effect on bitcoin. We can see that when China banned bitcoin mining, and people obeyed it, the bitcoin price went down again. and we can imagine otherwise if many countries support bitcoin, then people will move to use bitcoin |
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Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
I would still prefer fiat currency. You know you can't pay your bills using crypto currencies. And what if you get paid in a non stable coin and the next day the market crashes really bad? We have seen the price of crypto currencies go down more than 20% in just few days. You will be in trouble then. Then there is those transaction fees which sometimes end up being very absurd. Get paid in fiat, buy crypto with fiat . I see that your chosen indicator can only be used as a trading tool, isn't it very simple? BTC is like gold, gold can't buy a good must be exchanged first to fiat then do you still prefer fiat to gold? If given the opportunity to choose then BTC is the best choice. Although it cannot be used as a direct transaction tool, BTC can be the best store of value than if you store it in fiat. What you get by filling an account with fiat for 10 years when compared to BTC is a very clear growth chart. Given the current fees and Bitcoin's volatility, I doubt it is the best choice to get paid in bitcoin in every single situation. If you earn pretty much exactly the amount of money you need per month to pay your bills, I would probably prefer fiat over bitcoin honestly. What are you going to do if it does crash during those days or the week you are getting paid usually? indeed for now the use of bitcoin is less relevant for all levels of transactions. because of the high volatility and the price of an item is fixed in fiat units, then we will find it difficult for small entrepreneurs, because not all of them understand crypto. it's different if crypto is accepted in all countries and the unit of goods uses bitcoin for the price, of course at that time we can spend it calmly |
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