Yeah, bitcoin does have the features to be a worldwide used currency but sadly, it doesn’t look likely as the government of most countries are not really bitcoin friendly.
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15 years ago there was no bitcoin at all, 10 years ago it was interesting mostly to some geeks. And now some countries already adopted it. Don't be too hurry, the events are going with their own speed: one day bitcoin can become a worldwide independent currency, but to do so it has to work on different things including known problems like price and time of transaction or scalability. One day we'll see both that these problems are solved and bitcoin is accepted mostly everywhere. the first, of course, we have to admit, that bitcoin has changed the current situation and that is real, but will it be able to become a world currency? of course there are many obstacles that must be resolved first so that they can indeed become a determinant later. the obvious obstacle is recognition from the state, not all recognize and can accept bitcoin and this takes time and cannot be easily resolved quickly. It must also be remembered that banking is still very much needed because it accommodates manual transactions, and traditional transactions are still very much felt and indeed cannot be avoided and will bitcoin be able to do that later? |
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If fake KYC is only done to join the airdrop then it's okay. but if fake KYC to secure your assets on binance or some other big exchange then it will be a disaster, because someday they will find it and your account will be frozen
I don't think anyone would do a fake kyc for an exchange, because by far the exchange is an important part of cryptocurrency investment. Fake KYC may apply to some platforms which always offer promotions on kyc terms but not on exchange platforms. Although until now I still do not agree to provide identity information to anyone other than exchange, it cannot be denied that it is a measure to anticipate misuse by irresponsible people. of course the polemic about kyc has been going on for quite a long time and is very long because there are pros and cons for treating this kyc. but now almost all exchanges seem to have made it obligatory to do kyc and this cannot be avoided, because there is an urgent need. but if a large exchange is likely to be treated almost the same as when we create an account at a bank, data will certainly be required for validation. If you make a fake KYC, it's clear that there will be an impact. If we really need clarification on an important matter, then there will be no resolution. but there are still many abuses that occur with kyc, for that you really need to be selective before providing data. because there may be those who really ask for KYC for things that really aren't necessary, even just to avoid obligations that have to be done, especially when paying bounties. |
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Congratulations on achieving your dream so many of us has given up on it just to survive.
Most of us had given up on it when we faced reality, not everyone is lucky enough to succeed on chasing their dream while risking their future.
Some people would start to focus on their job and earn rather than to continue to chase their dream because of their financial status.
It is clear that if your dream has been achieved, of course it is something that is very desirable and not easy to do. just like you, I congratulate you on this achievement which may not be easy to do and get. right, friends, at a time like now, after the influence of the covid situation, you can be sure that many have not been able to get back up and are just trying to survive so that they can still live life, even though it can be said that it is not very perfect. if there are those who are still focused on running their regular jobs, of course this is a very significant value, not a few who until now have only done whatever they can to be able to produce so that life can go on. |
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I believe that the long-hold strategy is indeed the safest and most reliable course of action for only the best ranked coins.
agree, everything is ultimately returned to each individual to determine everything because the one who will experience it is yourself.
With my experience in the market by just being a holder, it's worth it and even if it's for a while, I've made decent profits from it. As you have mentioned about long term holding is the safest, I agree on that. Those that want to become rich quickly, they invest and choose those projects that they think will pump in no time and then they'll just get out of it as soon as possible. That's right mate, you really have to always prioritize if you really want to get more than what you usually do, if you don't have a priority scale, you will be stuck with routines, which may result in you not being able to get more than what you want. The desire to get rich quickly, as you said, is indeed one of the priority scales that must be carried out and it requires patience, accuracy, in analyzing so that it can be tested, so that you don't make the wrong investment decisions which can pump in a short time and be profitable and come out right away. but sometimes greed can also cloud everything that has been predicted beforehand but cannot go well, because it doesn't come out as quickly as possible but hopes to get more profit which actually makes the situation not in accordance with its main purpose. |
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In this scenario, i think any one that call it's self investors supposed to know that it's supposed to buy and store now that Bitcoin is having challenges in the market, so i believe that should sometimes we will consider that Long term investment is the thing that gives profit in cryptocurrency investment, but some people doesn't know that such is in existence. Holding a coin for long time is matter of endurance and patience, and many people has become a billionaire because of the risk taking to hold coins with patients in long term
If we are into playing safe, Holding is the best thing to do especially during the bear season. But we can't say it was the most profitable strategy as we also consider what coin we are holding. Maybe if that is Bitcoin and ETH it is definitely not impossible but if are just holding shitcoins and hype coins, we can never expect from them. As we are here in crypto, I think we need to learn how to extend our patience because not all the time the market is good. Sometimes we got under pressure but we need to stay focused and do what is best. Even holding doesnt guarantee 100% safe investment strategy although the risk would really be that minimal compared when you are really making active engagement when it comes to trading. There are people who cant really just bare up with the risk which is something not that surprising.Even myself do consider on holding because im not really that much interested nor really that afraid when it comes to certain risk.You cant really just make yourself that too confident on things which you dont actually have no idea on what you would gonna do. Its up to your choice which path you would gonna take. it has been proven to buy and hold for a long time, which can be used as a guide from several halving periods, but many are unable and willing to be patient for that. why not be prepared to be patient ? there are many problems because of this problem, but if those who do have sufficient and somewhat more funds, certainly can afford to be patient to continue to endure. but not for those who really need to be able to continue trading, because the capital must be rotated continuously. agree that if you really want to hold on for a long time for coins that do have proven prospects such as bitcoin and ethereum, of course they can be very reliable. but if you hold other coins, of course you need to consider if you want to hold on for a long time, because these coins may not be on the market for the foreseeable future. it is indeed more convincing to determine coins that are actually ranked in the top 10 only, if you really have to do it and don't try anything else I believe that the long-hold strategy is indeed the safest and most reliable course of action for only the best ranked coins. agree, everything is ultimately returned to each individual to determine everything because the one who will experience it is yourself. |
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China is sprinting its testing on the digital yuan. It will not take too long before the digital Yuan is executed and it believes China will become less independent of the US Dollar. Is this a good thing or will China become even more economically powerful and therefore a threat? https://www.worldcoinindex.com/nl/news/chinese-central-bank-deputy-governor-wants-china-to-accelerate-pboc-rollout And We already know that China is aiming for global domination specially in terms of economy, and I am sure they are seeing this digital yuan as a possible many tools they can use to entice more countries to go away from the domination of the US Dollar in international commerce. However, many countries right now are also starting to get wary of the intention of China, at least in part this is exposed with the pandemic. Many countries are now starting to resist the influence of China. Many are now seeing that China can be a trap. Personally, I don't see China to be the one to dominate of the vacuum that will be left by USA in the global commerce, that position is reserved for another (still emerging) entity. FIAT is already 90% digital. Making it 100% digital won't really change anything. The Chinese YUAN is already a powerful currency because it is backed by the Chinese manufacturing while the US dollar is backed by the US military. For now USD is slightly more powerful but this might change very quickly. I would say CNY deserves to be the world reserve currency more than the USD now because it is China that makes most stuff for us, not any other country. A currency is and should be only as powerful as the manufacturing power it is backed by and CNY just delivers that unlike the USD. There is speculation that the Chinese digital yuan is seen as a potential rival to the US dollar as a global reserve currency. It is expected that the digital yuan will be used more widely in international trade and could potentially reduce the US dollar's dominance in the global financial system. And another reason is to increase efficiency and reduce the cost of international trade which could be a threat to the US. as a country that has the largest population and very advanced technological development and almost all material needs for production can be made by themselves and many countries also need it because prices are indeed very competitive and obviously cheaper. if indeed China will develop a digital yuan, it is not impossible and it is clear that it can be done and it will definitely be a very reliable prospect because almost world trade in the production sector is controlled by China, and they can just set everything with payment using digital yuan and all will certainly want to do that. whether it will become a threat to the US, from the past until now they have always been a business competitor and clearly will be a threat that cannot be ignored. |
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The market is always unpredictable, when we hope too much that the price will continue to rise but sometimes the price drops significantly, but if there are no big issues like LUNA or FTX I'm sure the price of bitcoin will continue to rise because user demand is very high especially more and more companies are serious about it developing bitcoins.
LUNA and FTX events as well as previous cases and do not rule out what will happen in the future with other cases, is a phenomenon that will continue to be one of many that will affect the crypto price situation because it triggers the fear that occurs from investors to refrain from trading temporarily time until the situation was under control again. but this incident will never stop and will continue to be repeated and will be part of the development of crypto itself, it's just a matter of how to anticipate this situation so that it doesn't drag on too late. I am sure with you, that bitcoin will continue to increase because the demand is indeed quite high and the availability is indeed limited and many need it resulting in an economic law to occur, where a lot of demand but little availability will result in an increase in price. |
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To me, Ethereum is a safe choice and has great growth potential. The simple reason is that ETH has experienced a history of constant growth and huge trust creation. That also proves why all projects choose to build on the ETH platform. The upcoming Shanghai upgrade is very promising. Just buy and hold ETH
ethereum is still the second best choice after bitcoin and the best among altcoins even though BNB is also quite promising. because of the trust that has long been attached to ethereum, there are still many projects using the ethereum platform to date, which is a separate proof that cannot be separated from the situation regarding ethereum. totally agree that at times like this keep buying and holding ethereum because of the promising prospects in the future. No, Ethereum will still beat BNB in terms of adoption. Remember BNB once on the Ethereum chain and I think most TVL are with Ethereum. The Shanghai upgrade is just around the corner and that's likely a huge catalyst for Ethereum. Technology on Ethereum is beyond compare and they're the reason why we have so many dApps these days using the smart contract technology. agree, ethereum will be able to be in a position like today and will not be easily replaced, because ethereum is indeed very promising and has proven that. but we also have to be able to see the current reality, that many very promising altcoins are growing, including BNB, even though it will not be easy and maybe difficult to be able to shift the position of Ethereum itself. I believe that etethereum will be the prima donna for a very long time to come. |
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To me, Ethereum is a safe choice and has great growth potential. The simple reason is that ETH has experienced a history of constant growth and huge trust creation. That also proves why all projects choose to build on the ETH platform. The upcoming Shanghai upgrade is very promising. Just buy and hold ETH
ethereum is still the second best choice after bitcoin and the best among altcoins even though BNB is also quite promising. because of the trust that has long been attached to ethereum, there are still many projects using the ethereum platform to date, which is a separate proof that cannot be separated from the situation regarding ethereum. totally agree that at times like this keep buying and holding ethereum because of the promising prospects in the future. |
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if you one long term investment just pick ethereum it's no brainer. there has been history of smart contract alts changing its position quite frequently like eos and the likes in the former days, this could be well happened towards ada therefore if you want to be safe for long term holding then just pick ethereum. but if you're hoping of creating massive returns then I guess ada could be alternative even though there are many similar coins out there honestly.
Until now ehereum is still the second best after bitcoin and this indicates the confidence of investors that Ethereum is indeed very worthy of being an attractive investment. so if we are forced to compare with ADA, it is clearly difficult and cannot be compared to that, because at a time like this what is needed is trust in a coin which can indeed provide a result that can be profitable. you are right mate what is needed is a sense of security and can be trusted for the long term to be able to produce and that is clearly in ethereum and not that ADA is not good but choices must be made. |
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If we pay attention to the trends that have occurred since 2012, you will see a unique pattern that repeats itself every 4 years, if we can take advantage of the moment correctly, we can get big profits, and if we pay attention to what happened at the beginning of this year, this is a sign that the recovery happen, I believe bitcoin price will reach $40k before Q2 so the best thing right now is to keep buying.
it's true that the cycle that you say is every 4 years or often also known as the halving period, you can be sure it will happen again. thus ensuring that period will fall on May 1, 2024 for the upcoming halving period. so there are no signs that lead and there is information that can provide news that states that this year there will be changes towards recovery. it is precisely the time now, where to continue to buy and save more savings so that when changes occur, it will provide significant benefits. Is there actually going to be a surprise that will happen? we will wait for it |
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I'm one of those who think we're not done with the bear market yet, unless it crosses back again at above $30k. When Btc reaches that level, people would start a panic buying, thus causing another pump. However, it's still not the case currently. Not much to hope for a bull market in 2023. So, let's not get comfortable yet and accumulate more Btc's while it's still considered affordable. it seems like me too and I still have confidence in economic analysts about the world economic situation in 2023, which shows that it is still in a crisis situation and it doesn't appear that there will be any change until maybe the first quarter of this year, so I totally agree with you that there is no thought that it is indeed a bear market situation has passed and started to enter the bull market. it seems that what is expected at this time is that the crisis that is feared will indeed pass soon and can be controlled by many countries. it seems that in 2023 no surprises can make a difference, so there will be significant changes to bitcoin. |
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First bounce doesnt mean confirmation until couple months for btc bear market, just wait if this trap or not, never go all in for first bounce, buy another dips if that happen, or wait some bad news come to shake out for the final flush
if you look at the analysis from world economists that in 2023 there will still be an economic crisis and no one has been able to give a signal that there will be significant changes, although everyone hopes that this crisis will pass quickly. so I can agree with you, don't get too carried away with the current situation, this could be a sign that it's the start of a comeback. so waiting when the price is likely to decrease again and moving to buy immediately is the best thing. it does not appear that the bear market will soon move to turn into a bull market, it is too early to be able to conclude that at this time. |
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~ What is your major reason for HODLing and how do your survive the bear market?
I hold long because I believe bitcoin long term will give me bigger returns. If you look at bitcoin's history from 2009 to the present, you can see bitcoin has gone from $0.01 to $23k, which shows that bitcoin's long-term returns are huge. In the short term, bitcoin can also be profitable, but bitcoin is very volatile and very easy to lead to loss if you do not have too much knowledge about the market. I think that's why people prefer the long term to the short term. actually both timeframes are equally good, but indeed the short term requires very strict discipline to be able to keep on monitoring at all times and analyze properly and one cannot avoid that experience clearly determines everything that will be done in the short term. so it's no wonder that many don't want to speculate with bitcoin for the short term because the impact that can occur is huge because the price of bitcoin is quite high and the movement is very fast. long-term bitcoin investment is the most reliable and tested, the risk is very small and can even be said to be rare, because indeed bitcoin has a repeating nature so that after a decline bitcoin will increase sharply and always reach a renewable ATH. |
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I don't think that dogecoin is dead. Do you think that dogecoin is dead after all those times where Elon Musk brought influence to those people who believe in dogecoin. Elon Musk does have influence to some people especially about dogecoin. As long as dogecoin have uses and also influence then dogecoin will stay the same as it is. I agree that some people are not influenced by Elon musk but we can't deny that there are some people who follow elon musk. It is also trend in this forum in my opinion as it is discussed many times.
Elon Musk always brings his own contribution to support crypto by providing information to his followers and to this day there are still many who believe in what is said even though not a few ignore it. So as long as there are people who believe in what Elon Musk says, it seems that Doge will not be neglected, let alone die. true friend, it must be remembered that doge is also still very popular and still useful, because there are still many who make investments, it cannot be ignored because it is real. the current situation alone is indeed not good, doges can't avoid it either, let's see later when the halving period is about to take place, surely doges will also be able to improve. I think, those who are thinking doge is dead are the ones who jump on doge when its price was at its peak. Because if let's say Musk will not promote doge anymore, it may just go back to where it was before. I was enjoying very very cheap transfer fees when doge was not yet promoted by Musk. I believe a lot of traders were using doge for transfer purposes before, but right now, there are cheaper alts for this purpose. But it won't be dead, its price may go down but most trading platforms will still list it. the most important thing is the trust that still exists and is still carried by doge to this day, as you can see as you also said that most platforms continue to include it in every trade, which indicates that doge is not dead and still exists. indeed, in a situation like the current one, it seems that not only doge has experienced a decline, almost all crypto is indeed being badly affected. we need to continue to monitor the situation this year where unexpected things can happen to coins that have a bad reputation, because 2023 is still considered a crisis period and crypto is not doing well either. |
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I would love to know who the new gas supplies to Europe are. I still haven't seen such news, maybe I missed it? As far as I know, Germany is building 4 more LNG import ports and will come into operation to reduce dependence on Russian natural gas. Besides, EU countries will reopen nuclear power plants. While Russia and China are building the gas pipelines will soon be operational, the Asian market will be the new market that Russia targets.
Falling oil prices will affect the entire OPEC+ bloc, not just Russia, so it is too early to say that it is having a negative impact on Russia. Let's wait and see the next move of OPEC+.
I think with Belarus joining Russia - and China too And UK, France, Germany and Poland joining Ukraine - this war will take a different turn - it will surely spread to the other countries and will create more desatster than only the discussed gas and oil issue The EU and the US are considering increasing aid to Ukraine because Russia is getting stronger and they want to end the war with a victory for Ukraine. Russia has issued warnings and if things do not stop, it is very likely that a bigger war will break out and the risk of World War 3 is getting closer. I really fear that 2023 will be a very bad year for us. I actually believe that maybe even very sure that gas, oil is one of the triggers for a war that will continue to be prolonged, because an embargo will be rewarded with an embargo and all activities of any kind can be sure that there will be retaliation. it is clear that both sides will always be assisted by their allies as well and that cannot be prevented anymore, all of this obviously eventually leads to a situation that becomes uncertain and difficult to predict in the future. really don't really believe that all their allies who have been helping all this time really hope that the problem of the Russian invasion of Ukraine will trigger WW3. because they know that if this happens, world civilization will experience something unimaginable due to the effects of weapons of destruction. actually the negotiating table is the best way but it always fails to happen, many have tried to make it happen. because by negotiating to seek mutual change with the aim of mutual benefit is the best solution. as worried as you are, friends, that 2023 will be a time that will make this problem worse, as bad as the world economic crisis situation. but I am always optimistic that there will be significant changes in the future even though many doubt it. #NoWAR |
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It's a trash when there's no art in NFT and only a mere image but it's different when real artists make it. There are a lot of trash images that become NFT since a lot of people want to take the advantage of the Hype and when the Hype slowly fades away it's like NFT is not worth to invest again but in reality, real art will always remain valuable. The hype situation is very strong in almost NFTs, but once again this phenomenon will always have people looking for opportunities to continue to make NFTs better known with the aim that they will be able to extract results from situations like this. we cannot escape the fact that there are many people who have money and are willing to do anything to seek the thrill and fame of the many cases that are happening and are now happening in NFTs. I think that if there are still people who continue to do very unreasonable and strange things then that share will continue to exist and it will be difficult to escape this kind of reality. |
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Bitcoin hit $23k, which shows Genesis's bankruptcy doesn't affect bitcoin. Bitcoin is in an uptrend, and I think no Fuds will be able to pull it down, it will only stop when the upward force is enough, and it will correct itself. My prediction is that bitcoin will probably hit 25k and then correct before forming a new trend.
it seems that it has indeed happened and the news that looks like it will make it less pleasant that it will affect crypto, is not proven at all. you are right friends, even some analysts have also released quite surprising information that altcoin and other crypto have actually increased with this news, of course a very unexpected phenomenon. but I myself really believe that 2023 is still a very vulnerable year for something like this to happen and it is not impossible for it to happen because 2023 is still considered the year in which the world economic crisis will continue. so the current increase is only temporary and the possibility that bitcoin will slump again can always happen before the era of the halving period occurs, but hopefully this year's crisis will pass faster than previously predicted so that crypto can get excited again. |
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