Bitcoin has helped many unemployed people to increase their standard of living thereby indirectly helping to improve the economy of a country.But bitcoin would not be able to change the world economy.
I agree.It will be a great advantage for the people to have bitcoin in their lives because it can be a primary source of income if they can use it in a right way.So it will help improve their own economic status that will lead in the coming future improving the world's economic too if all people will embrace bitcoin. |
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In my opinion maybe the bank was disturbed by the presence of bitcoin system so that the function of the bank will be unstable in my bank function other than the place of deposit money and also the sale and purchase of bank products such as borrow money may I think this one product will not run and the banks will find it difficult to find customers who want to borrow their money in addition to saving customers money and other bank product transactions, and this is my opinion is the loss of the bank so the bank tried to ban bitcoin because if people do bitcoin then the person will be out of their system his life is dependent on bank loans.
Yes.Banks are now threaten by the presence of bitcoin because for sure they will be set aside by the people if bitcoin will be the first cryptocurrency to be used by the people.They will have their full control of their money so they don't need banks for it. |
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What are the differences between online and traditional gambling ? Which you like the most and why ? In my opinion both the types of gambling have got their own advantages and disadvantages. You can try both for some time and then choose one based on your convenience.
Online gambling is you are playing in a computer and you are playing with your with other players through online, while traditional gambling is you are playing in a casino and you are playing with other players face to face. I think it is much better to play traditional gambling because it is much exciting if you are playing with your opponents face to face. Right.The excitement is really there especially if you have seen how your opponents played the game and how they respond to every losses or winnings.Even though there are already numerous online casinos that are appearing right now,i think most people would still prefer to go on traditional gambling. |
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I don't see any bad reason to not invest in crypto except you are too afraid for using your money to invest that if someone can get their success in the crypto, then you don't have to be sad or regret because you have your own decision. but if you don't invest in crypto, you cannot try to feel what other people and I think to invest in crypto, you don't have to use all of your money and you only need to use some amount of your money and then you don't have to sell in that time but you can hold it for a long time.
For me the number one reason not to invest in crypto if you yourself is not a risk taker.Investing in crypto is so much risky and it will not give you any assurance that you will have a successful trading in the end.Even experts in trading still experience looses even how long they have been in trading activity. |
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I have seen a tip from somewhere that in order for you to be become successful always in your trading, you have to to a sniper rather than a machine gunner.. If you trade always see all opportunity, every indicator, every momentum, etc. before starting to trade. Don't be hasty to trade every signal day. You just have to find that one trade that can bring you good profits and not painful losses.
all traders want this to follow to earn profit but if you are in actual trading its hard to determine when to sell or buy the coins thougj there are lot of indicators around this are only your reference but there is no guaranty it would happen. in trading there is always room for loss and you should be ready to face and accept it. Exactly.Trading is not just all about profit,sometimes you have to face some losses for you to learn from your mistakes.But for sure you will not just bump into trading without prior preparation and studies. A trader must always have a presence of mind and knows how to be flexible and cautious.Think first its pros and cons before deciding to do something. |
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I think I can do both.. I can invest in education while investing in bitcoin. It's just a matter of managing time. It's obvious that why you want to be educated is to elevate your status in life and to earn big and have a good life; bitcoin can do that for you. Education is not learned from schools only. You can learn anywhere like in bitcoin, you will be knowledgeable on how to deal with people via online. I think thats one form of education.  Well said.Investment in education would be the best gift we can give to our parents but i think it does not end there.We should be educated in order to find solutions to our problems like improving our lives financial status.With bitcoin investment,i believe it will give the true meaning of being educated,seizing one's opportunity by investing into something that will surely make your life totally changed. |
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I only know that bitcoin can boost people economy because they can earn money from bitcoin but for boost a countries economy, I don't think so because the government still not use bitcoin as a new source to grow their economy and they still learning about bitcoin. but for the people, they can start from now and they can make money from bitcoin. many people were helped by bitcoin and I think they can solve their financial problem and now they can have their own money by doing many tasks related with cryptocurrency.
I agree.Bitcoin have been giving significant proofs to people particularly in their financial aspects.They can make a good source of income with the presence of bitcoin.With this,i believe that this will lead to a more positive results if all of the people in a certain country will come to use and invest in bitcoin that will totally help in boosting their country's economy. |
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i agree, the main concept of bitcoin is to let people know that the system of banking is far from justice, because banking is actually totalitarianism, people is never matter or important and expendable, bitcoin came to challenge it, to simplify it, the concept of decentralisation, where banking is being erased and scattered into every individual as a moving banking and gaining full control on their digital money.
In my opinion, the only thing which has helped the bitcoin and the rest of the crypto currencies in gaining this much of the fame and reputation in the international market is this concept of the decentralization. It is because this is something which has helped people in believing that there will be no one will be having any kind of control over this currency and that no external factor will decide the market value of any of the coin. Yes.You will have the full control of your money or savings and no one will be able to steal it from you if you do your part too.Many cases have been reported today that a fraction from their savings in a bank were stolen and i believe it's just an inside job.But with bitcoin,you will have no fear that this will happen to you since the money is all kept by yours provided you have your own private keys. |
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How can the government discover I own BTC, let's say I'm from Venezuela where crypto is banned, what they can do to discover and arrest me?
I think government can not trace our bitcoin because bitcoin using decentralized system. Except, we selling our bitcoin on local exchanger and we give our identity on that exchanger, maybe government can trace our crypto transaction but not on how much bitcoin we have Yes we can still be traced by the government if we give our real identities like in exchangers that require KYC.So if you want to stay anonymous,find some exchanger that will not require anymore some of your personal identifications. |
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It depends on you if you can manage both. For example if you have a full time job, you can make a crypto world as your part time job to earn an extra income.
Yes.You can still work on both.But when time comes that you realize that cryptocurrency has a bigger profit compared to your full time job,then you can focus to crypto world.Because for sure you have developed already your own skills by that time.Honestly,you will not be rich if you just make cryptocurrency works as an extra income,make it as a full time job if you want to get huge profits in a quicker way. |
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Volatility is not obstacle for adoption of Bitcoin but it is the issue for Bitcoin to become mainstream currency.
But to be completely honest volatility is also something that made Bitcoin popular and something that traders live from.
Still I don't think that Bitcoin needs to become mainstream and that volatility needs to be something that can block Bitcoin from further development. Volatility is something that is natural characteristic of Bitcoin and we have to accept it.
Right.We can't change its volatility character since it's there from the birth of bitcoin.Besides,volatility is the main reason why people in bitcoin community have become rich already.It's the thing that made them thrilled every minute.So i guess nothing's wrong with volatility,it may drop the price suddenly but i'm sure it will not stay longer in that low price. |
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the future has only 2 options for cryptos I think they will reach so many high prices where holder would become millionaires and coins great companies new google or fb and the other option they would be zero
I think cryptocurrencies would be impossible to become zero in the future,instead there will be more newly cryptocurrencies that will appear in the future.Bitcoin will still have its top position i guess if people will continue to use bitcoin and idolize it for a more longer years. |
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I dont think that it is gonna lose its popularity
In fact, i think that bitcoin is becoming more and more famous everyday, and this is something that can not be stoped in just a few weeks or days.
Yes exactly.Bitcoin's popularity is now inevitable as years goes by.More countries will soon to adopt bitcoin too seeing its potentials that would really make the country's economy progressive.And hopefully,more institutions and establishments will open their doors to bitcoin that would ultimately make the price higher again. |
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Its very dificult to say Trade or Hodl as good trader must trade and bad must just Hodl i think as will loss but sometimes Hodl is more profitable than good trading even.
I think it depends on your capabilities.If you think you can manage to do trading well,then have an onhand experience.You will not really learn if you will not do it on your own.But if you think you need to study first about trading since you are a stranger to it,then go on holding.You will still make profit but in a long term. |
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The price movement of bitcoin is being controlled by the investors, traders, and adapters. Some of the people can manipulate the market if they're rich enough to easily pump and dump the price.
Right.I believe it's all about the supply and demand factor.When a lot of investors and traders bought a lot of bitcoins in that certain time,btc price market will surely increase.But when those investors and traders decide to sell their bitcoin,the price is likely to decrease but it will not take a long time in that downward trend because after a couple of days,btc price will rise up again. |
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I do not think investing in bitcoin is a stupid investment. I see the potential profit of bitcoin is huge. Many people are trying to invest in bitcoin and I find that they also make a lot of profit from it. I believe the future bitcoin will grow more and invest in bitcoin is absolutely the right choice.
I like your comments friend.. Those people who are investing their money in bitcoin is not idiotic. They are the famous people who are think positively and trying to push their ambition to getting rich in bitcoin through the profits of their investment, they always believe in bitcoin. I believe those people who got to invest in bitcoin are the smart ones.Foolish people never think of making profit,they just throw away the best opportunities that come in their lives.But with bitcoin,people strongly believe its potentials to make people become famous and rich in the near future. |
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Yes, of course. But there will be a time when Bitcoin is experiencing a price correction. Well, at that time we can try to buy back Bitcoin so that the future advantage we have more. And of course you must be prepared with the risks.
I agree.Bitcoin will continue to increase its price in the coming months and years.But we should we always consider that once a rapid price increase happens,expect that a price correction will also take place after that.So be patient all the time as it will avoid us from losing. |
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It has affected my lifestyle a lot and it is in a positive way
What i mean by this i was a addicted gambler last summer and i used to gamble every single week with every single bitcoin i earned but finally someone suggested me to trade instead of gambling i made some profit from it and finally was able to control my activities
Here's a guy that knew the gambling road won't take anywhere ! Congrats man ! . As a former gambler , i despise my older self , that greedy mindset that always tried to catch smoke with bare hands , since that's what is gambling ! Earning your money the hard way will even give it another taste and you'll think twice before making any childish or irresponsible purchase of anything because hard earned money has an additional value when compared to what we earned by luck . What comes around goes around and the money that came easily will be lost sooner or later easier than it was earned . Trading or any other investment may be much more of a slower process in term of gains , but will be a million times better than throwing your money over some stupid "speculations" and "this is my lucky day" .. Do not despise yourself of what you are no more. Do not dwell into the past because it’s gone and will never come back. You should be actually feel really proud of yourself. There are very few people who give up on this game. Besides, you don’t seem to lose a lot of your capital and as far as greed goes, believe me my friend, it is inside every human but gambling triggers it too much. Yeah i'm not anymore because i know that it's in the past and i'am indeed proud of myself because i formed a kind of immunity to such tempting things that can drive you crazy and may engender very bad consequences . Things that can turn into addictions shouldn't be accessible for everyone because some young people could easily get influenced by and addicted to them and this could terminate their lives at a very young age .. People should learn from others's experiences and make the difference between what may entertain them and what could turn their lives to hell . I'm glad i know exactly how to handle gambling and had minimized from doing it already.So it doesn't matter if btc price is low or high,because as much as possible i learned to divert my time into other activities than spending my money and time into gambling which in the end i only turned out to be a loser. |
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For money of course.
Even just a little profit, I'll take it.
Satisfaction is just a bonus for me.
Maybe someday if I reach that lambo/moon level, trading is just gonna be some kind of entertainment for me, who knows.
I know it will be stressful living a life which is mostly concerned on the profits you will gain.It demands too much hardworks and time to make it possible.But the reward in the end is really worth waiting for.Trading is all about money,and emotional satisfaction will only have its place after you have gained money satisfaction. |
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There no such thing as best time for gambling. What's most important is you win and that's what your goal and not waiting for the right time because that right time will not really help you to win at all.
For that, there isn’t any real time for winning for all those who considered gambling as source of income. We all must understand that this is all about the luck. If you are lucky someday, your cards will be fine and all your strategies will work out exactly as you have planned them. But if this isn’t lucky, everything will be against you and the ending results would be so bad and damaging. I agree.Gambling is just for fun and entertainment,and not as a means for living.While others may see it as a source for a quick profit,gambling could also make you lose all your profits in just a sudden.So learn to balance your lifestyle.You can do trading or holding to earn profits,and you can also go to gambling sites for fun and pleasure. |
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