With cryptocurrency, you have to be careful with any fraud and theft. and usually many people who are caught in the losses in the world of crypto is:
1. Not Backup Key
2. Electricity Billing Mining More
3. Lunes In Phishing Sites
4. Buy Coin With Rumors
5. Create a weak password
6. Steal With Stealth ICO
With cryptocurrency, no bank or other institution or regulation will protect you in the event of a loss.
There are mistakes that can only be made by dummies alone. First of all, how can you be creating an account on something that has to do with your money and you just set up any kind of stupid and easy password that comes to your mind… that’s not a mistake, it’s madness and people should stop it. If you’re creating a wallet, put in a hard password that will be very difficult for anyone to come up with. Next is not having a backup key… ahh… how can that ever be, this is one of the priorities and you should always backup your wallet in case something happens, you will be able to recover them. |
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Gamble only with your free time and don't fall for your emotion, it will lead you to lose control as you win. If you're going to gamble, do it for entertainment, not for profit.
Correct. Gamble only for entertainment as if you are not expecting some wins but if you win then be thankful. Only if it was that easy to achieve. A lot of people say this, but in reality, it is easier said than done. Human mind is centered on greed and no one would want to be gambling losing money as what they are after most of the time is getting lucky and winning big. The best practice is just to realize that you cannot get much from gambling unless you are lucky and be able to use that mindset to gamble only what you can afford to lose and you will be fine enough with it even if you ended up not getting lucky. |
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That might be come true ,that crytocurrency will replace fiat currency if the crypto will full activation and accepted worldwide, but I also think that it not totally replace fiat currency and fiat will be still be used in areas where there are no supply of internet access ,that cryptocurrency will be applied for .
But that is not an easy thing to for every government around the world to recognize and accept cryptocurrency due to certain interests which may be political or the policy might not work in the presence of certain existing systems like that of the central bank with is built around fiat. But lets suppose if crypto currency gets accepted by all the countries around the world, it will definitely give a huge blow to the demand for fiat and the medium of exchange will be cryptocurrency to a great extent. |
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In cryptocurrency stable coins that are high in demand ,can create, scarcity of supply in the market and in turn the price of this stable coin in the market will rise up ,because of its great demand from the customers .
When the demand for a stable currency is high, the supply will of course be short but the price will also go up as a result of which the factor of profitability will be more visible. This implies that the term stability is solely responsible for the market value and status of a coin and this is something that is of prime importance to investors around the world. So there are great chances of earning good money when the stable coins are in high demand. |
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I am inclined to the opinion of most analysts who argue that the cost of Ethereum will begin to grow in the next one and a half to two months, so selling this cryptocurrency is not worth it, so as not to go into the negative.
ETH no doubt has been the fastest growing coin in the market and it was thought to be the coin that will in the end outshine Bitcoin. But the current market status was a bit pessimistic as a result of which the value went down and is still down. Read an article that the supply for ETH will be limited in the next few months which will give it an up thrust and those who are holding ETH right now will earn great money. |
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litecoin, low in price now so good opotunity to make some good gains on it with not that high of a risk
I will still go with Bitcoin for long term. Bitcoin is the only coin that has been surviving critical and harsh market situation as well as the intervention of many governments and whales as a result of which it was not allowed to grow with the pace with which it would have grown otherwise. And even still this coins is ruling the market which shows the strength of Bitcoin. This is my long term plan and sticking to the long term plan eventually pay off and give away the money one intends to make upon one’s entry in the market. |
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do you think positive and negative issues about cryptocurency on the internet will affect the rise and fall of the price of cryptocurency. therefore I have an opinion, what if we make a positive issue about cryptocurency that may make or affect the rise and fall of the market price of cryptocurency and here we are in a very big community, isn't that likely to affect globally ?
and how do you think about it ?, I want to see opinions from your side of perspective
Thank you for your concern
I don’t think it does much, this is all about choice and anyone who wants to invest in bitcoin would do that despite whatever the media has to say about, no matter how many negative reviews they have seen, as long as they are very sure that there others who are making great income through it, so why not try it. The only media can affect bitcoin is in the price because people tend to run away from Bitcoin when they see bad news like price fall, and they all get back when they see the good news about Bitcoin rising again. |
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Ethereum is very flexible for ICO project to adopt. Ethereum is secure, fast, more popular and stable. People seem to trust project built on the Ethereum blockchain.
In a layman's word, people prefer what they know others are using pretty well and they have no problem with it. Ethereum made the move with a smart contract platform and since then it has made it so easy for other projects to put their own token on the Ethereum blockchain. Since ERC20 is more rampant, we sure know a lot of people will project owners will prefer to go for a well-tested on a large scale platform than a new platform that may not actually be ready yet for the large scale. |
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not really . Many people still make money, profits in the market decrease with their experience and tactics. They can buy low price and sell high price when the market rises in a short time. Investors only lose money when they panic selling all at low prices. If they don't sell them and hold them, they will not lose anything.
To simply put this, good traders will always keep making money whereas bad traders will keep getting punked. It is a normal thing to experience, as someone else’s loss is someone’s gain and if you do not have those two sides to the market, it would not be what it is. Those who end up losing badly are the ones without any strategy, does not know the ABC of trading and they are just doing whatever comes to mind and not acting on what they see or know about trading a market. |
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For our country, we really can’t relate since exchange rate and the dollar value here is higher than before. I think it’s the economy and the tourism of a country which affects the value. Well, it is a good thing for overseas workers but not so much good for the country’s economy. It makes a country feel down or kind of demoted if you base at its currency value.
We are all welcome to the world of fiat sucking entirely. Everything has been sucked, manipulation has been the norm of the day, but it is just what it is. That does not change the fact that fiat will still remain as long as government keep printing more even though it is not backed by any value. We are getting to the stage of economic crisis and downturns and stuffs like these are always bound to arise nonetheless. Let's see if it would have any positive impact in the crypto space, since a lot will be looking for a safe haven when it starts crumbling. |
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in the future, will there really be a need for fiat currency? Government can collect taxes in crypto, determine how to allocate it, and spend it in crypto. Ppl can receive salaries and do all commerce using crypto. Loans can be done in crypto. Fundraising can be in crypto. Sure, problems have to be worked out in terms of scalability, does it have to be completely decentralized, etc, the value has to become more stable. But theoretically, is there any reason to have fiat in the future?
It has been established that governments can now do taxation without representation by printing more money (which is a tax on everyone holding the currency), instead of trying to get a bill passed that allows it to increase the tax rate. With crypto this would be no more. All increased taxation would have to pass a vote.
From an economic standpoint, the idea that a country can stimulate its economy by adjusting interest rates is tenuous. There is just as strong an argument that lowering interest rates has caused speculation and bubbles, with calamitous results. In a crypto market economy, capital will flow from where it is needed less to where it is needed more.
Those of you saying that fiat is not necessary doesn’t know what they’re saying unlike cryptocurrencies fiat can be used physically and this makes it very easy for it circulate properly, you can easily give money to a beggar by the street, but if it was with cryptocurrency beggars will need to get a same phone to be able to receive the coin you’re giving to them, and tell me… Are you ready to stop and start bitcoin to beggar and wasting your time in the process? And by the way, who would agree to give money to a beggar holding smartphone or carrying a computer? Lol. Maybe you should try going to the market and trying to do trade by barter since you think fiat is not necessary. |
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This is the "beauty" of bitcoin. You can start writing about how the bitcoin is crashing and even before bitcoin reaches to dip and before the topic becomes 5 pages, bitcoin rises again.
It might as well just be the opposite as well, you can start a topic like "bitcoin is on a bull run" and before that topic reaches to page 5 bitcoin might just start to drop once again. I think that is the main problem with bitcoin, the volatility, I rather have lower returns on bitcoin but a bit more stable prices would help us a lot to at least calculate our investments into crypto world a lot better. Before that, its just throwing a dart in the dark for all of us who are deep into this.
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When you tell people that bitcoin is low and they should buy, everyone fears that bitcoin may go even lower, you specifically tell people it is at a dip and even if it drops a bit it won't drop a lot, its a great price to buy, yet they are afraid and some of them are even cocky and say "it is dead, it will never be 20k" or something like that.
Than the price goes up and they are looking back on it and say "I wish I bought at 100$", well I don't know about 100 but you could have bought at 6k.
Same people also bought bitcoin when it was 20k and thought it would go up when we said it is too much now they should sell and take the profit, this "buy low and sell high" seems a lot harder for people's emotions than it looks, simple sentence but hard to execute for some people I suppose.
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Gamblers want (and need!) to have the illusion they can influence the outcome of the game. And it's part of the fun (or addiction) of playing. Mathematically, the best thing to do is lower the house edge. That means don't wager the same money more than once. Martingale leads to a large house edge, meaning on average you win more. The best way to get the lowest possible house edge is to place only one YOLO bet (all-in) at any multiplier you desire. After that, win or lose, don't ever come back! But that's math, not fun, and most gamblers don't play for the best chances based on math.
The funny thing about Martingale is that new gamblers all think they've invented it  I've been there too: "wait a minute, if I just double this, I can win back everything and turn a profit!"It is always going to be a loss - more loss strategy as far as I am concerned. If everyone ended up having a win-win strategy, I wonder how the casino owners will be living as large as they do. Even if by accident you get so lucky, which is the only way you can hit it big, then you might even become a suspect if you keep winning consistently. Every aspect of gambling is luck based and anyone who thinks they can scoop the house edge off their funds will pretty much end up a joker at the end. |
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We all know about the volatility of the crypto market, but somehow we still preach about the Hodl doctrine. What keeps you motivated to do so? and what sort of trust do you have in cryptocurrencies? Investors like us are into predictions and discussions, but are we close to accuracy? Discuss  People Hodl because they believe that the price of the particular coin will rise one day. If there is no hope for that to happen then nobody would have a single interest in it, you will even see people abandoning the coin and sometimes they go bankrupt. Coins like Bitcoin you don’t need anyone to tell you that the price will rise no matter how low it gets even if it gets down to a thousand dollar, we all knows that it will still go back up. Same as Ethereum and other bigger cryptocurrencies. |
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I have some BTC asleep in my wallet doing nothing, therefore I want to put them in work to increase their value. I've already looked into crypto trading but that requires spending much time reading about the projects to find good ones with potential and staying up to date with it, however my main concern is that I don't have much time to follow up on them :-/ Also thought about running a Loan service, however it takes as much time in validating the loans and keeping up with them, not to mention with my current trust it's highly unlikely to find a valid loan since they'd go for more trusted users. My final thought was lending my funds to an existing loan service for a small return, which sounded good idea first... but I couldn't find a loan service that seems to be short on funds  Anyone got other ideas that will get me some revenue without having to spend much time following up with it? something set & forget for couple months (maybe check once every month or two)? I don’t think you should call it idle, cause even in your wallet that bitcoin is making you some cool money seriously… you can just say that you’re into Hodl and as the price of Bitcoin goes up you will continue to be making profit, and don’t forget that when the price goes down you’re also going to make loss. So if you don’t know what to do with it you should just hold it instead of losing your bitcoin to scammers in the process of looking for profit. |
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Many of us use bitcoin only in exchange/trading site, while bitcoin should be more used in marketplace/online shop. Which one do you choose? Do you prefer to use bitcoin on a trading site or marketplace/online shop? And why do you chose that?
I have never used Bitcoin in an online shop or for buying any stuff from any market place, the only thing I have been using it for is trading and exchanging. Bitcoin is not a conventional currency and we shouldn’t see it as that. All I have been doing is trade and after trading I will exchange for real currency and use it for whatever I need or maybe save it in my bank. I don’t really look for sellers in Bitcoin because majority of them are scammers, but I do know about purse.io and BitPayAmazon gift cards. |
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What are some altcoins that have the potential for the most profit? I've been playing it safe and now want to invest in some coins that have potential to x the most
No one can categorically state the level at which an altcoin is going to be increasing in the long run, but one thing for sure right now is that for those who may be picking altcoins with very solid product at dips now, they would definitely be getting some mouthwatering profit in the long run. $1800 to invest is pretty huge and investing at this point in time when the market is low is actually a very good timing but there are so many fishes in the sea, which makes it important to be extra, careful. For good ones, ADA, QTUM, STRAT may be some pretty good options. |
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I am newbie just know bitcoin and cryptocurrency 5 months ago whether other cryptocurrency besides bitcoin can compete with current bitcoin value or value and what only bitcoin can be the leader of this cryptocurrency and what is the alignment of a cryptocurrency currency that the price becomes very high
This shouldn’t be a topic anymore, cause we are all very sure that as long as Bitcoin continues it will always remain at the top of the list and no other coin will be able to take it down from that position, not even ETH or XRP etc. Number of Bitcoins is limited to 21 million and when there is a higher demand than the supply of Bitcoin (amount that has been mined) then you see the price appreciating to a higher rate. Bitcoin started from cents, half a dollar, then to $1 before reaching this current of thousands of dollars. This is because the current demand for it is way much bigger than the supply, demand for Bitcoin is more than the demand for altcoins. |
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In gambling we must be smart in controlling emotions, if we lose a lot of money, that is the right time to stop. We need entertainment and can gamble again on another day.
The best way to stay in control is to never violate our own rules that we have planned. Because, once we are caught in a bad situation, losing too much money, our emotions will be difficult to control. Yeah, it is always better to have a stipulated rule on ground and try as much as possible to stick with it. One of the rules is never to gamble more than what you cannot afford to lose since you will end up losing it anyway. With that kind of mindset towards gambling that everything is just simply luck, but you are exposed to huge risk of losing more than winning will make you accept your fate when you eventually lose and know when to halt the activity. |
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