|
new innovations that can help us make transactions easier, which does not require complicated knowledge to understand, even if we want to send to other countries it does not require long procedures like in a bank. but right now it's like a struggle for bitcoin to be accepted and used according to its original function
|
|
|
|
77% of the population do not consider it to be good decision to make bitcoin a legal tender there.
That’s not good. Plus there’s Article 7 in El Salvador’s Bitcoin Law that states, “ Every economic agent must accept bitcoin as payment when offered to him by whoever acquires a good or service”. I believe El Salvador should never force their citizens like that. Support it, and make it Legal Tender, but force it? No, that’s not what it’s supposed to be. Bitcoin should be used according to its own good, not because citizens were forced to use it. Of course, the policies of the government are based on the needs of the majority of the population, and I think the pros and cons there are still there, but it seems that all the people there must comply with government regulations. and I think there will be many advantages which will become a reference for bitcoiners to stop by, so that the prosperity of the country will increase |
|
|
|
|
In the world of cryptocurrency, bitcoin is the safest coin to invest in. in its development bitcoin became a reference for other coins, we can see that the movement of other coins seems to follow bitcoin. when bitcoin goes up, many other coins that follow it go up, even by a larger percentage. but when bitcoin goes down, most of the other coins like commandos go down too
|
|
|
|
Most times is good to take profits while in profit, it really feels bad seeing your investment getting so much profit and you didn't take those profit and after a while price falls back below your entry making you loose those profits, so most times it's better to sell when in profit and buy back later when prices dips. Talking about task not all countries impose task on crypto gains so i think it depends on your location, people in countries which task are imposed on crypto can actually save thier profits in usdt.
I agree, but we also have to respect other people's thinking where he already intends not to take advantage in the near term. maybe they intend to pass it on to their grandchildren, so that their children and grandchildren will not be financially short. but for me personally at the moment I still need money, so I have to look for maximum profit and buy it back when the price drops |
|
|
|
You must involve someone from a family member that you really trust and it is impossible for a brother or sister to betray your trust, if you have a wife then it is better to teach knowledge about how to access bitcoin assets even if it is not yet time for you to provide the seed of ultimate balance but at least it will help your family if you died.
yes that's a good idea but for me because i dont trust anyone even my family.  maybe i will prefer to write a letter, which information how to manage my keys in order for them to have an access. and i will keep it to my wallet or along with my personal documents because for sure they will search for something in it, especially if they knew that you're making money in bitcoin and you always spend your whole day working in a computer surely there will be a searching operation. Lol everyone has their own thoughts, because I have a wife, then at least the wife should know the private key, so that if something untoward happens, we can bequeath our assets to our descendants. and I have to believe in my wife, because she is half my life if I describe it |
|
|
|
we can not imagine if there will be many countries that will use bitcoin, of course it will make bitcoin a very attractive asset. if we saw yesterday that an elon musk can influence many traders, of course the power of the state will be greater, and it will be even greater if more countries follow elsalvador's footsteps
Maybe the bitcoin price will not too fluctuate at that time because bitcoin will get big support from the country, especially if a big country can accept bitcoin. There is no room for people like Elon to manipulate the price, especially to moves bitcoin but they can manipulate the low price coin because they have the resources to do that. Besides that, they already did that before so they will use different methods to move the market. Bitcoin itself will become stronger as many countries support and maybe bitcoin will be like gold in digital currency. right, the presence of the state will make bitcoin fluctuations not as high as they are today, where people with money power and influence can influence the community and finally do what he wants like ellon. Indeed, in a pump and dump situation there are many people who benefit, but there are also many people who are frustrated by it. therefore with the current conditions, we must be good at using moment |
|
|
|
Because China is influential in the cryptocurrency industry with them recently holding the biggest mines in the world and with that the hash rate of bitcoin, and thus when they do something related to cryptocurrency, then be sure that it will affect the prices. Not to mention that they have a big population.
China does always make surprising news, this time by using its greatest strength as a bitcoin miner, China prohibits mining activities, and of course this has a big impact on the development of bitcoin. but I think this is only a problem for a moment, because it will soon grow back to normal, because on the other hand many people see this as an opportunity |
|
|
|
I want to assume by exchange you are only talking about Centralized exchange!
To me it should have a minimum which one can withdraw without a need for KYC, and that minimum should be high enough!! If possible no KYC!
Must be super secured, I don't need any insurance, if it's secured enough you wouldn't need insurance in the first place!
The interface should be easily navigable!
Fees must be at fixed and at barest minimum, no matter the trade size!
What else? That's all!!
You can't really be sure about the security of the platform up until someone tries to hack into their system. That's why for me, insurance is important just like what is present in Binance. Because even top exchanges boasting the security layer of their network, hackers will always be there and they will try and try with sophisticated softwares to hack into their system. No one is totally safe these days. Therefore, as fund holders, we must be careful and anticipate if something worst happens. let's say we can use several accounts to break down the assets we have, so that if something bad happens, not all of our assets are at risk. for me binance is currently the main platform of choice, because without kyc we can withdraw up to 2 BTC |
|
|
|
If one is a good trader and has enough capital, there's even no question whether to trade or to hold. Trading will give more gains.
Not always, it has been proven that holding may give you huge profit. Simple example is bitcoin itself, imagine if you buy few btc in the past when it was very cheap and you sell it when it is on its ATH. This give you so huge ROI. The difference between daytrading and Holding is obviously about the time you spend for these two activities. You spend less time on holding but you need to wait long time to make decent profit. While trading on other side requires you to spend more time but you may get nice profit in short period of time. right, it depends on the holder of the capital itself, between holding and trading, I think it's equally profitable, it's just up to the investor which one they prefer. especially in the world of cryptocurrencies, where price increases can occur drastically so we just have to take advantage of the bullrun moment if it happens |
|
|
|
The main reason for bad trading is greed. If you want a get rich quickly outcome then you are doomed. Even the biggest cities in the world were not built in a day.Take your time. First grow your account slowly then you can take big trades
Aside from greed then most of people do lack patience, they don't like to wait but rather making steps that do directly make them believe that they can make big bucks. Most of us do really experience this situation when we are still noob but once we do get ample experience in the market on how it works and whats the reality then you would really able to realize and act according to that and those anticipations would be ignored and would stick out into much realistic goals or aims. psychology seems difficult to control, and the one who can control it is ourselves. By increasing our trading experience, we will gradually experience a more mature psychological improvement. Besides, for beginners, I think they need assistance from friends who are experienced in trading, so they can guide according to their experience |
|
|
|
We should also be able to take advantage of opportunities when Whales start playing the market. Don't fight them, follow them then we will be safe. Going against the tide when the whales manipulate the market will only result in losses. They hold the market and are able to control it.
The manipulation that whales do is not just manipulation, but they can do manipulation with the right time and conditions.
Just to ride and let them hype the market. If they can make a profit thru manipulation, we are also benefiting from them. If there is no such manipulation that had taken place made by whales, I don't know if there is a bull market, that might be a straight direction. I think we are too thankful, whales are helping us to make a good profit and also encouraging people to come and join the community as they have the chance to make some profit as well like what happens to early investors. They might look bad to others but for me, they are a helping tool. right, with this manipulation, many people will benefit, although there are also many people who cry, but that is the world of trading. when a bullrun occurs, there will be many new investors who are interested, on the other hand the old investors partially benefit from the incident and they make big profits. so I think this is what becomes interesting in the crypto world |
|
|
|
Yes it is true that Bitcoin has brought us true freedom of worries. People had to go to their bank for transactions before, even a lot of trouble was created and now everyone can make transactions easily because Bitcoin came. Now in most countries they transact through Bitcoin. So I think Bitcoin brought us freedom of worries.
Bitcoin is indeed giving us the freedom to manage our funds. Still, we need to have more patience and wait until our government allows the local store to accept bitcoin or crypto as their payment option because only some countries already allow that thing. Until that time comes, we can hold our bitcoin while we can also accumulate more bitcoin that we have to be ready to use bitcoin or other coins to pay something. The era of traditional payment will change into digital payment, and in this pandemic, people are more suggestible to use digital money to pay their transactions in the local store. And there will be a time for a crypto to be used for the next payment method soon. The current situation is indeed supportive for the development of the digital world, including payment instruments such as bitcoin. By minimizing meeting people and using cash, digital transactions are growing rapidly. until now elsalvador is the first country to legalize bitcoin in their country, hopefully this is a good sign |
|
|
|
|
no one can know for sure. could have grown rapidly as it was originally intended as a currency. we know that fiat money is now replacing the barter system that previously existed. and until hundreds of years we are used to money as a means of payment, it could be the same with bitcoin later
|
|
|
|
As of this moment, bitcoin is priced $33500. It is really not in a good position unless it goes beyond $35700 price and maintains its position or closes at or in a higher position. But since it is almost the weekend, I do not think we'll have that much of a rebound from here yet. And with the options news we can only guess if it will be giving bitcoin a good push or a huge pull downwards. Either way, October seems to be the best month for buying this year just like in the past years.
Above 40K is the price needs to attain and stable since that is the known resistance, Playing below this will not guarantee any rebound for Bitcoin unless there's major good news release by that time period. This accumulation period will last longer since Bitcoin visit both support and resistance multiple times and there's still no break out happening on either side. It's true that as long as the Bitcoin price is stable and can't get past the $40k price it's very difficult for Bitcoin to rebound. So Bitcoin holders still have to be more patient with the current situation, and wait for good news to come, in order to trigger the Bitcoin price to rise. But until now there has been no good news that can trigger the price of Bitcoin to rise, hopefully in the near future there will be good news that will surprise us all. For now there is nothing we can do but wait patiently. Patiently wait or do a sshort trade, Buy at support and sell at resistance. Been doing this for over a month and I've got a good profit by doing this formula strictly. I usually do DCA but this current condition which keeps ups and down is a bit stressful for DCA especially if you enter on wrong timing. Doing a low leverage like x3 max is a bit good too.  Thanks for the advice to make profit through short trades, but the current market is not easy to predict, especially altcoins movement is really volatile. I tried several times short trades but failed, finally I decided to hold Bitcoin. And waiting for the market to recover, after all I'm not the type of person who dares to take risks, so I avoid trading with leverage. everyone has their own type. Basically trading must have expertise, so we don't mess around with fluctuations which can drain us psychologically. if you feel unable to trade short term, then I think investment is more suitable, and if you want to keep learning trading, of course using a little of capital I don't think it will disturb our psychology |
|
|
|
|
I think both are very much needed in our life. both land and crypto are equally good for investing. Land has little risk and definite profit if we sell it. but crypto gives a lot of profit it's just that fluctuating prices make it more risky, by investing in both, I think we are wise in managing finances to invest
|
|
|
|
Having some level of financial stability affects your thoughts and mood greatly, it is very true, when you have some money in your pocket you feel like 70% of your problem have been solved, because with money you can get things done easily, people listen and pay attention to you, and if you don't have it, that is the opposite of having it, you will be frustrated and sad, and you will wish to have it and be ready to do whatever it takes to earn money.
This is true, there are some people who keep on saying that money can't buy happiness, yeah that's true but money is a must, there are so many things that we can use in money and most of the people who have good amount of money are now contented in life because they are happy, they can buy what they want and they can try things they wanna try because they have the money unlike to those people who dont have. although money can't buy happiness, but a lot of happiness requires money. suppose we want to make our family happy by taking a vacation to an area, of course it requires money to get there. money will be used properly in the hands of the right people, so we can spend it more wisely |
|
|
|
Forget about conspiracies, this is like a reset and it wasn't expected by most countries. If you're thinking that endless wars will come then you should go elsewhere just to be safe. But I'm not thinking like that because it's far from what we're expecting as most countries are doing what they can to ease the problem and at least recover from the economical effect made by the pandemic. I do agree in some of your points and those rich countries will become richer, especially the manufacturers of the vaccines.
Vaccine producing countries are the countries that benefit from the pandemic. when other countries are at war with the pandemic, of course there are also countries that benefit, and actually economic problems seem to have no effect and even make a country richer. Of course, this is viewed in terms of opportunity and ability to take advantage of the moment |
|
|
|
In my opinion, Bitcoin is a safe property. It has its own special attributes, which can guarantee its value, and a large group of believers follow her, which is very safe.
Hey guys I agree with you but some volatile issues sometimes bitcoin a great threaten to investors and traders. Yesterday Bitcoin price dumped to $29k when it seems to me a threaten because I already invested bitcoin when it was $40k . I see Bitcoin price to be unsable, the price rises and falls. It currently trading at $33k. But don't be panicked about the price. I will advise you have patience and hold your Bitcoin. Predictions have been made that Bitcoin will hit 100k or more before the end of the year. I believe Bitcoin will trade at a higher price very soon. I agree with your views, but I suggest others to trust themselves before deciding to invest in bitcoin. there is no definite guarantee of bitcoin investment, no one knows what will happen in the future with bitcoin. therefore use free money to invest, so that our lives remain comfortable |
|
|
|
That's the simple meaning of HODL, it's mostly based on the target price, not the target date.
Target price it is. If you have set a target date, you'll never know how much it is going to be and if the price seems to be low and you've set the date to sell, you probably won't continue to sell on that date. Hodl until you meet the price not the date and there are other people who are saying that it's better to hold and you don't have to sell it. But the main essence of holding is we're trying to reach the highest price as much as possible. most people I see talking about hold have no target selling price. Is as if they were doing hodl until they died without spending any satoshi, I don't understand this way of thinking because in principle bitcoin is equal to money so it's something to be used and not to be kept forever, it's true that the value of bitcoin increases when there's a lot of demand, but that doesn't mean people should hodl forever. in my case I use bitcoin whenever I need right, the absence of a selling target means that they seem to have no direction, I agree with what you do to sell them when needed. but it will be luckier if we sell it when we are at the peak, so the money we get will be more, and when bitcoin goes down like this we start to buy it, because in my country I can't buy anything with bitcoin, so it must be made into fiat first |
|
|
|
How could a smart guy like McAfee ended like that, I couldn't buy that story, even his death was unclear, he has a wide range of network, and has many connections even in politics or government.
Then suddenly, appears, all of his investment was gone into thin air, to me, it was all orchestrated, all of his coins was secretively transferred to his family.
indeed the private key should have previously been given to the closest person, so that his wealth in the form of crypto or something else can be used by his family, but if that doesn't happen then the supply of crypto will decrease because it seems to be lost. but with a diminishing supply, it is possible that prices will easily soar |
|
|
|
|
Show Posts
