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Your question is really vague. It makes a huge difference what you stake or what you invest.
If you are referring strictly to altcoins, they are inherently risky. Let's be honest - the big majority of altcoins out there in the market have little to no actual utility. Their price is purely speculative.
Investing is again, very general. There are a lot of investment strategies and infinite possibilities of portfolio models. You, and only you can make the decision for yourself. Remember that it doesn't need to black or white. You can mix staking with investing.
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Journalists don't hold a lot of speech power. If she was a powerful investor, yes, this "U-Turn" would have been significant. It's good to see them unbelievers turn into believers, though. I guess more rocket fuel is never a bad thing. haha Nevertheless, you will see this kind of journalists change their "opinions" with the market. They get paid for views and people want to see bullish information on a bull market  |
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I'm curious to see if Binance is going to offer support for the swap and list STRAX. If that doesn't happen what will happen to all the STRAT users held in there? Will they have to withdraw it and swap them manually?
Moreover if Binance won't provide the support and not list STRAX it's going to be quite a hit for the visiblity of the Stratis platform, not even talking about liquidity and trading volume.
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People should check out Bitcoin and the technology just because it has survived so many years and created a global movement. People are free to do whatever they want, but remember that ignorance is taxed earlier or later.
Based on our decisions we save or lose time and money. It's a simple and at the same time a very complex equation depending on how deep you want to get your train of thought.
Is spending a few hours on conducting a basic research on the most craved asset in the world? - I know it's worth it for free, but is it for you?
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I think it is important for people to not get too excited about the surge in price. These violent moves can really mess up your emotions if you don't have a clear strategy on how to approach the market.
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Let me ask you something. Do you consider that fiat is a good thing? What about the governments controlling the supply and demand of money artificially and at will? Do you feel OK with that?
Bitcoin is decentralized and scarce. That's what makes it valuable besides other features that make it the ideal currency for our modern society.
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There is opportunity for various businesses indeed, but one needs to have the time and resources to start one. By resources I refer to both financial and mental resources. For a business to have a higher chance to thrive in any kind of environment, its manager ideally has to be experienced. Risking money in times like this is quite scarry, especially for someone who lives paycheck to paycheck and who just lost his job.
You also need an accountant, register the company, fill tax reports and you have to comply with the regulations. Running a legal business is no piece of cake.
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A good article for beginners. Well documented and outlined especially for beginners. Although I wouldn't recommend newbies getting with a lot of "weight" into altcoins, but instead start with a Bitcoin-based portfolio.
What I haven't noticed on your article from a quick read are some kind of track record of these strategies. Maybe it would be useful to see which one of them is the most effective although is a very subjective decision as one can choose other assets and other means of analysis/research.
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I never thought Craig Wright was Satoshi Nakamoto. I can't conceive a mind, that had the vision and the drive to create Bitcoin and all that it represents, is so self-centered and in-search for fame. The bees always come to the honey.. Let's not start this discussion again, though. I am 100% sure that Craig is not Satoshi. It is an interesting analysis, though.
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I think Blockchain development is a good field to specialize into, especially for already existing developers who know how to think algorithmically and in terms of computer programming.
Blockchain is for sure a skill/knowledge for the future. Everybody should know at least the basic things about it, not necessarily the more technical things like how to create one full scale blockchain.
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several people come to me and share stories about his life in economic problems. she was confused by her choice. he worked and served the country. he gets a salary from the state, but he is also interested in bitcoin. even every day he spends his time trading. If in this forum there are people who have the same problem, then my advice is to choose to serve the country, and set the time for the crypto world. and you will get additional benefits.
Well, working for the government doesn't mean he can't own Bitcoin or other cryptocurrencies. I don't see why would that be an impediment. He probably works a 9-5 job, but that's what most of us do. You will be surprised at how few people live solely from the income cryptocurrencies provide for them. Trading is no easy endeavour. He can easily end up losing money instead of making an extra buck. Your advice is a good one. We all dream of financial freedom and not having to work unless we want to, but until then we have to make sure we have something to put on the table. |
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It is good to remind beginners on this forum that money does not grow on trees. However, it is pretty common knowledge to not join this kind of programs unless you are ready to lose all your invested money in a blink of an eye. Ponzis are a form of gambling to be honest. The problem with a lot of them is that they deceive people. They mention things like guaranteed profits, huge ROIs in a short timeframe, etc. just to attract the inner greed of humans.
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Although I think that most of the economies in the world are very fragile nowadays, I don't think they can't sustain a year or two of emergency state. As I understand from WHO declarations the vaccine is coming in the spring of 2021. That's a few months away - not a huge amount of time if you ask me. I'm mostly concerned about the medical systems in emergent european economies. I'm in doubt that they are going to successfully pass this winter season. Probably EU will have to step in and provide additional aid for those countries.
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I already spent some of my crypto holding because of the lock down.
I didn't have enough cash so I rely on crypto and started to make a small business in my neighborhood,
So far I could say that it is fine I manage to gain my capital and now I am making some profit.
It's great to see entrepreneurs around here. Maybe you can gain back the crypto you HAD to sold from the business cash flow. What business is it if I may ask? I'm curious to see what works in the current environment. :d |
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Bitcoin is now mainly used for hedging and increasing wealth, in other words like a speculative asset, not so often to make day-to-day payments. We do have the Lightning network through which AFAIK the fees are minimal and tx speed is pretty much instant. I'm sure the congestion problems will be solved in some way eventually.
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You shouldn't ask here for financial advice. I'm pretty sure no one in here is a certified financial advisor so he can give a "legal opinion".
One should know your financial status and goals very well to be able to help you. Otherwise we are just throwing opinions around.
It is good to see that Bitcoin has surged during times of distress. We can't say it has become the preferred asset for hedging during crisis, but it is certainly a great competitor to gold and other precious metals.
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This is just a small example of why cryptocurrencies are very unlikely to be banned at a world level. Even if a big country like USA bans them, they would find themselves at a great disadvantage while other countries hoard the sats possibly leaving their renowned wealth in the dust several years later.
Moreover, we need a decentralized currency so that no restrictions can be made on its use.
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If you have $10000 and you invest it all into one coin, ETC ie. You therefore can be a 'small' whale in ETC/ BTC trading pair. If you set up your buy or sell orders at a single price, you will create a wall of buy or sell at that price. Your wall will become resistance or support (just temporary). You are not a true whale so if the market turns opposite to your expectation and trade orders, your orders will never be filled. I took the image to help you understand how whales have difficulty to enter and exit the market without significant impacts on price actions. It is the art of whales. Yep, whales have their own set of problems to deal with when trading. They have to engineer enough liquidity to fill their order. They often end up driving the price in the opposite direction just to trigger some stop losses. That's when we see those big wicks or shadows if you want on the charts. |
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You don't need to think much when you are buying something but when you want to sell there is always a fear that what if the price increases?
As a boy belonging to middle-class family, I don't have a large share BTC hodling and now I am unable to figure out what should I do? Here are my few questions......
Should I hold for more time?
Should I buy some more now only or wait if the price dips a bit?
You can't have someone else answer this question for you, but I can suggest some question to ask yourself: Are you investing for a long-term or do you need the money now? Is it going to make a big difference if you buy here or $1000 lower for your target price? My advice is to never invest without a strategy. That's the path to failure in trading and investing. Don't make your decisions based on other people's opinion. Take some time and do your own diligence. |
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I would just gamble in satoshis instead of higher denominations. The great thing about Bitcoin is its divisibility. We have BTC, mBTC, uBTC and sats. I'm excited for the moment when we'll pay for coffee with 100 sats or so.
I don't see why would the mining fee increase? If Bitcoin reaches $150k/unit the fee in BTC will be smaller and it shall remain about the same as it is now in dollars-wise.
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