Corruption is generally engulfing the economy of every country plagued by problems including rising inflation, huge public debt and draining foreign exchange coffers the country is unable to import basic necessities. Food and fuel prices are skyrocketing to get rid of this situation corruption must be prevented. If not the situation will worsen due to fuel shortage in the country, an increase in food prices.
Corruption is a big issue all around the world. Apart from the same Sri Lanka suffered the mismanagement and the internal war between people. If they've united long back, now such a worse scenario could've never come. When there is no unity among the people, the same is used as a way by the rulers to take benefit. Now the new cabinet have made some changes to the policies, hope things turn good. But it takes atleast ten years of time from now. They need to be united for them to perform their revolutionary action effectively or else, corrupt officials will only take advantage of their situation. Corruption is the main reason why some countries suffer fr the worst governance and poverty and it is very evident. I hope Sri Lanka would still find a way out of the crisis that they're going through. Corruption is indeed a major problem in undermining state finances. Like Sri Lanka, of course, their level of corruption is extraordinary. but unfortunately a culture of corruption like this is difficult to eradicate, at least it can limit it. even if the government changes, of course the people in power will become greedy for money, indeed not everyone, but most people like money. with the difficulty of fuel oil, of course, making transportation jammed and the economy paralyzed, hopefully this can be a lesson for other countries, especially when inflation is global as it is today |
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what happens if the price of Bitcoin is low maybe not many people have and save it for investment, but because the price of Bitcoin is high then everyone is competing to have it, but not only that, for example trading it will be very important to know the price of Bitcoin if you want to make a profit
this relates to the psychology of traders and investors who will buy. when the price of bitcoin rallies, more and more people will buy it, because many of us think of getting money in a short and easy time. therefore many people are greedy and eventually regret it. many people are waiting for the price to buy, where they are looking for a support area to be more effective and get the best price, hopefully |
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I remember my experience in the past and was still a beginner in crypto and at that time I invested and at that time the price of the crypto I bought went down and at that time I panicked and kept selling and finally my money ran out, but not long after the price of the crypto I bought suddenly went up back and even higher. and from that incident I thought and began to improve my thinking and began to learn again about good trading. so in my opinion if we invest in bitcoin or altcoins. if for example there is no profit, do not sell and must be strong to hold. because the purpose of investing is to make a profit, and in my opinion, when investing it is better to use idle money, so that our minds become calm.
Some time loss opportunity with coin have already sold price suddenly pump few days later but ever we hold some altcoin for long time but keep going dump. I think the problem with cryptocurrency as investing way depending when first time correct altcoin, what ever investing method with long or short term but when making correct investing I think keep profitable. I have the same experience with you because ever make cut loss on Doge coin still price under $0.06 before few weeks later Doge coin touch all time high price. I lost about $5,000 and I think keep holding Dogecoin and not panic for cut loss I will reach much profit above $120,000. I've personally experienced it too, but in the end I saw what coin I was investing in. if it's like bitcoin, maybe i will hold it more calmly than i hold the meme coin. and for meme coins I will be calmer if I use a small amount of capital. so for me money management is very influential on our psychology, and that can determine our success in investing, because it can reduce panic |
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I did not dislike bitcoin but i have many regrets on it from the past. I am anger that i did not buy it when it is still cheap at price and now i think i am too late for bitcoin price today is pretty much higher than the year that its price is only one Dollar, for now i can only afford to buy altcoins however i am still thankful because i also earn on buying and selling altcoins and i still pray that btc will back to bullish again because i know that altcoins depends on bitcoin and if ever btc will be bullish altcoinswill also become bullish which means profit to every holder like me.
meaningless regret, because I'm sure many people feel it like you, including me. but if we remember those days, we can realize that it is not that easy to buy in bulk, because we don't know what the future holds. and if we know if the price is up to what it is today, of course we can retire this time. now is the future, and whether we dare to hold it now for the future, I think this is also what happened in the past, no regrets, but we must prepare investments from now on for our old age later. |
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Gold
It is trusted by everyone and gives the easy access and considered as collateral.
The value of gold won't be that volatile, and it has evolved through different standards and usage.
Bitcoin
It is dependent on technology and the world is towards it. It is against the system of inflation and third party involvement.
The market is highly volatile and have reached big out of the demand to supply approach.
On the whole I've got two reasons on each to support. My region is not much user friendly to cryptocurrency. So, gold will be my choice for local needs and for long term investment purpose I prefer bitcoin.
Totally agree with what you say, most likely almost everyone where I live they prefer gold for them to make their assets and jewelry, because there is no significant risk when we hold gold, where I live almost all women use gold if they already have money, only gold is the purpose of their purchase, but personally I am not too interested in buying gold, honestly I am interested in investing in bitcoin, even though I know the risk is too high but I still invest in bitcoin in the long term. Bitcoin users are still minimal around us, and gold has become familiar to everyone as jewelry and a tool to save money, at least there is a physical that can be seen, and easy to sell anywhere. this will be different from bitcoin which is a new and popular product in recent years, so understand that few people know it, judging from its fluctuations, I think bitcoin is very profitable in the long term. whatever the choice, I think it depends on the needs of each person to choose both, because they have their own characteristics |
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This calculation of yours has really created a curiosity about the price of Bitcoin in the mind. It is true that one day the price of Bitcoin will skyrocket if the impact of Bitcoin continues. And it will also comes in to the volatilities. However, with the increasing use of Bitcoin, I think these volatilities also will be beyond imagination. However, I believe that no one can guarantee the long-term duration of Bitcoin or what the long-term price will ultimately be.
Bitcoin has always its uncertainties as much as no one can tell precisely as how long it will be beneficial or how expensive its price in the long term. But as long as there are people’s demand that continue to long for bitcoin, then it will always stay in the market, which also means its price will always grow and prosper in every year that comes. And the more bitcoin will be widely used and accepted, the higher value it will also reach. news about bitcoin will form a trend towards the bitcoin market, where more and more people will follow the trend that is happening. from the volatility that occurs in bitcoin, of course it will bring a lot of money into this market along with the level of public trust, so this is an opportunity to invest in bitcoin at this time, considering that users are still minimal and technological developments later that will bring bitcoin in its era |
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Of course, if we invest, we must choose the best coins in crypto, on the other hand, the market entry position also determines to get a faster and bigger profit. as an illustration we are buying bitcoin at this time, where prices tend to be low, so it can be used as an opportunity. if we do not want to lose our money then holding it will be the main choice until our profit target is achieved. but the risk is that we might hold it for a longer time, therefore we should pay attention to the security of the wallet we use, so as not to experience a disaster later
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Many people use candlestick patterns to analyze a market, but what we must know is that not every signal about the formation of a candlestick will always be correct, so experience is needed to learn its behavior. and the main thing is that we also have to take into account the risk, where not every time we trade will end in profit. therefore this becomes an obstacle for every trader to accept errors in analysis, and of course looking for the next opportunity can be a target
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In day trading, there are many factors that a trader must master. what's more is personal psychology. If the price leaves our work area, we are required to take a firm stance, by taking risks, because if the support is broken, it is possible that the price will fall again. and this is where the level of difficulty experienced by many traders, where they hesitate to take risks and choose to hold on to it, even though it was the beginning of a slump
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Bitcointalk username : Xampeuu
Bitcointalk rank: Full Member
Current post count : 1038
Merit earned in last 120 days: 1
BTC wallet address: bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
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Bitcoin has broken the all time high of 2017 and now it is around 19,000$. The worst part is that even on these level, we are not seeing any pumps and look like price may fall all the way to 10,000$ or even lower.
Once bitcoin was at 69,000$, who would have thought that bitcoin will go so low so fast ? Now what do think, where we are in terms of bitcoin cycle. I think we are already in th bear market since summer of last year and maybe the bottom/ end of bear market is near ?
For now bitcoin is in a 4 year cycle, where we can see the journey of bitcoin experiencing a decline in price, this cycle is almost the same as in 2017 where bitcoin began to strengthen until the achievement of new ATH until 2021. But after the achievement of ATH, bitcoin is back in the correction cycle as it is now, in 2022 bitcoin is back at the stage of an endless correction, meaning that the correction has not been in the recovery stage until now, now we are in a bear market that is not sure when it will end, but I believe this will end until the stage of complete recovery Of course the market will have its own trend, where later the reversal will occur. Like this time where the market experiences the bearish season, and all we have to do is react to it by looking for opportunities, and of course the opportunity to buy. This will be different from the Bullish season coming, we must look for opportunities to sell. If you can address the market like that, of course there is no more dramatization in investing |
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Some scientist say that with the advancement in AI and automation of production cycles, more and more workers become obsolete. I read somewhere that within 30 years 50% of the current workforce won't be required anymore. The question is then what to do with all these people. Firing them or waiting for retirement age to come and not replacing them could be one way. But politicians need to address that issue, it can't be that that 50% of the population is without a job and without money. At the next election they would vote for some radical party and everything would change. One approach would be to give a basic income to everybody without working. Like that the money will stay in circulation and the companies that save more money through less workers need to be taxed more.
No need for a scientist to know this but even us common individuals already know that this can happen soon. In fact many companies right now are using advanced technologies like for example on some restaurants they now have robots which serves food to their customers. Though there is still a need for a worker like when cooking the food in the kitchen because robots can't possibly do that. In next 30 years, maybe most of the workers that currently works in a company are going to retire so they shouldn't worry about those incoming new technologies. For those who are still young, maybe there are more better opportunities that can come to them. Like they can work online like us, since the world is now starting to become digital. for those who have experienced layoffs, of course they will switch to starting a business or applying for another job. there are also those who deplete their savings to make ends meet. it seems that if we are observant, there will be a lot of job opportunities with the transition of the season like now, during a pandemic, conditions like that are what we see a lot, but various online businesses have sprung up, and many people use them to earn money, so basically we have to be able to adapt to changes in nature in order to stay alive |
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The bear market could end at any moment but it could also last for another year. Nothing is set in stone here.
It's easy to turn BTC price up side down because of low market liquidity even further decreased by large outflows from exchanges. It seems that we're at record all time low of coins held on exchanges which means that if a big enough buyer shows up the price will skyrocket. Will he show up though?
It cannot be said that the current situation in the cryptocurrency market is very bad. Yes, the bearish period has dragged on, but this state of affairs is quite normal for this market. Especially since it's the second half of summer. It's time for mass holidays and a decrease in business activity in all markets. During such a period, there was almost never a good price increase. Therefore, you need to wait for autumn. Right now, there is almost no bad news regarding cryptocurrencies, which means that the time will come when the cryptocurrencies will get bullish momentum again. I think there is no such thing as a bad market, it all depends on how we react to it. those who say bad, maybe they are experiencing floating, and the asset value is decreasing. but as long as you choose the right coin, I don't think there is anything to worry about, just waiting for the time for the market to change direction, and no one knows when that time will come, it could be another year, or more or even less than a year, so the main thing is is how we can respond to the market |
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As a newbie one finds it difficult to know the right time to invest. I really want to know if I can actually invest into Bitcoin at this moment.
what needs to be understood at the beginning is that no one knows when the lowest price will occur, and the best time is during the bearish season, because we get a discount on purchases, on the other hand it is possible that the price will go back down and what we do is hold it and buy it again. so we don't have to get the best price just to buy, because actually it's hard to do, even a professional can only predict with a balanced calculation of the risk |
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So if grayscale is one of tge biggest whale they know when and how market moves.
Then lets collect money and pay them and other big whales to give us correct info
I think if we pay them each month 500,000$ that will do
Wht u think ? Merit for sure good innovative idea here
It's hard to understand the idea, I don't think it's that easy to find out who the whales are that will rock the cryptocurrency market, and I think the money you offer is certainly less than the income of the whales if they act. we remember when Elon profited from the doge action. On the other hand, to negotiate with them I don't think it's easy, because they also have their own views, sometimes they can't even be influenced by anyone. |
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I have heard about different types of seminars on Bitcoin in my area and they claim it is free of charge. But when one attend you would be told to pay for study material and a certificate to qualify you as a Bitcoiner. This has made many people avoid such learning platforms. Giving Bitcoin education for free is one of the best ways of inspiring and welcoming people to the Bitcoin space. The truth is not all your students or target would appreciate the message but some of them would see the opportunities Bitcoin offers and appreciate this priceless currency.
indeed many seminars are held especially when bitcoin is a trending topic. but indeed in the end we were asked to make payments under any pretext. and I actually talked to a tutor who was actually not a cryptocurrency investor, but he held paid seminars, things like this that sometimes become a dilemma. I learned bitcoin from the beginning only from this forum and read news and shared with friends, and from that I think it is more effective because there is no tendency like what a tutor does. it's the same even though on youtube we can learn for free, but they also get income from the content |
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In my opinion, risk is always involved in all the financial markets. Though no one can anticipate what will happen next. After all, we all are making anticipations. It is better to have a strong risk management and not invest which the money we can afford losing.
If you cannot risk your money then you will never have a chance to earn bigger because there is a saying that the more you risk is the more you earn/loss. but best to have the attitude about knows when and how to risk , and also never lose faith because even if the coin you trusted losses its potential always keep in mind that the chance to earn again is there at some point in time. If you want what others don't have, do what others can't. In order to make a lot of money, if you wish to earn big profits, then you must accept risks and be willing to trade in order to accomplish your goal. In spite of that, don't invest with all your money, know how to manage risk, the market will always provide opportunities when it comes to investing. if we choose to invest in bitcoin, in my opinion there is no risk in it, except when we trade, of course there must be a calculation of the risk and reward that will be received. when we invest, if there is a bearish trend and the price goes back down, then that's our chance to add to our bitcoin collection, and we wait until we get the target according to our calculations, this is different from us investing in altcoins of course, because after all if bitcoin is destroyed then altcoins will follow it. It's different if an altcoin is crashing, this doesn't apply to bitcoin as well. |
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The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.
Over proud expected when entering investment with bitcoin on higher price and make them blame how bad thing happen later, exactly with beginner and first time know about bitcoin after seeing many investor reach much profit, they don't know when the expert investor entry and buy back bitcoin, but many people actually with new investor made mistake when investing. Right now many of them realize what happening with bitcoin investment after price drop. Can't be strong hands with bitcoin investment when entering with expensive values because you don't have other source or passive income, maybe different what did by El Savador president because he still have other fund for investing again in bitcoin when price drop. The case of El Salvador is somewhat different, for me Bukele is a man worthy of admiration because he has withstood much criticism from everyone, in the countries, in different organizations they have turned their back on him just because he believed in bitcoin, his own people he has turned his back and that some bitcoin reaches know, I hope that bitcoin rises, not only so that things go well for him, but also to show those who are unbelievers of bitcoin that this is the safest currency and action that can change their lives. With the increase in bitcoin later, of course, it will certainly provide positive sentiment, especially for those who are pessimistic about bitcoin, that way bitcoin will become a trending topic around the world, and this will bring new investors into the crypto world, and it is hoped that they will study it first before deciding to invest. invest, that way the crypto world will grow rapidly and what we hope can be more easily achieved, at least 25% of the world's population adopts it will certainly have a tremendous effect |
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From this incident, I then thought, how many people were trapped by this promotion? moreover, they broadcast it on the radio channel. What if people in rural areas are interested and then without doing any analysis or without knowing beforehand they join the promotion in the hope of earning money. But finally, ended up a scam? I am also confused that they even boldly broadcast it on a radio channel. Is this really the newest way? That is why if we have been here, we can learn much about crypto investment and we are more aware of something too good to be true and its probability of scams. although this may not be exact scam, but at least, you have been good to be aware at first and avoide the possibiility. By taking advantage of the lack of people's knowledge about cryptocurrencies, this becomes a gap in any way to raise money, and of course it seems to miss a mutually beneficial collaboration between investors and devs. Therefore, we can see that there are still many people who are still being deceived. lucky we are in this forum which can provide good knowledge about crypto, so we can tread more carefully, and reduce the risk of fraud |
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