There will never the best time to teach people about Bitcoin. Always never, why? Because teaching people about Bitcoin might make them feel that you will earn from inviting and teaching them. Sad but that's the reality. Even when you have good intentions, that will be their perspectives toward you.
The best thing to do instead is to let them seek to learn, don't proactively teach them cause you might sound very pushy. No one wants to be pushed though, you have to let them initiate. If they are interested and you want to help them then that's the best time to teach them. But for sure, it will take time for you to understand the crucial steps of teaching.
- Many people will really feel that someone teaches them something, it will always come with certain conditions, nothing is free, especially teaching about making money and sometimes they are really not wrong, we need them to make bitcoin more popular then the value of bitcoin will be greater, both will be mutually beneficial. However, many people often have high suspicion for others, besides, the best time to teach them is over, Bitcoin is so developed, teaching them is just breaking our path to making money |
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Many crypto investors used to big profits in short spans. It`s unusual to them to see falling market, so they panic. They thought that could take easy fast profit, but crypto market like any other market requires patience.
- What gets pinned to the brains of new investors is that a series of profits starting from crypto can come in the short term, the reason for this is that they see too many people giving huge amounts of wealth from crypto but perhaps the rush of investors is the weakness, they don't look at the time and the market stage in the evidence. They are not really impatient people, they are only young investors, owning too little experience in the market, unexpected failures and assaults on the market make them rush and lose their temper |
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When trading, you have to stay on the ball and watch everything, which is associated with a lot of headache and nerves. You bought once when investing and you can forget everything for a certain time. And the statistics say that trading is not much more productive than investing
Well said mate, it is more complicated when doing trading because you have to observe everything, you need to have more knowledge if you are doing trading because you may lose your money if you do trading without proper knowledge, it is not really simple compared to investing, where you are only need to hold your money for a long time or even in the shorter time, you only have to wait for the bitcoin to goes high so you may earn money, but both methods need proper knowledge to make money. - I feel both are a relatively similar chain of knowledge, we can clearly see that analytical knowledge is no different from basic to advanced depending on our professionalism, the difference is just the time we spend on both, the investment may be longer when it's a long-term perspective while trading is a short-term calculation. However, sometimes both options can still replace each other and that requires the flexibility of traders or investors, understands the situation and knows what is most beneficial in that situation. |
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I think bitcoin is not ready to be wide first currency in the world because many countries not accepted bitcoin as their payment transaction, give bad effect how bitcoin to be first currency payment without get legal first from many countries, bitcoin have publish their way how advantage using bitcoin as currency payment.
- I do not think so, it is really ready in nature and in theory, even many of us have used bitcoin as a currency to use, to buy and sell, even exchange here but in terms of the laws of countries and the world, bitcoin is a name that is rarely considered too much for it to become a legal currency because of the nature that people talk a lot about bitcoin, in the eyes of the government, that would be an encroachment on their control. Perhaps bitcoin will forever be ready only for a world of technology and the internet, it is not ready for the real world |
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Well, as time goes on, I think little by little, these things begin to fade. honestly, I joined some of the telegram groups mentioned, but it really disappeared. maybe some groups are still active, it's just that they deactivated their chat. however, now there are already quite a number of bounties in the new telegram.
- Indeed, many bounty groups have disappeared for a long time but their activities still exist, I do not know the meaning in this story, they seem to be avoiding that one, perhaps some groups don't want to pay rewards, so as you say, communication is impossible for these groups, they don't allow us to send messages. Many groups have returned to a new look but they forget that their faith and credibility with the community has collapsed, bountyhive may be an example, many people are no longer involved in this signal group. |
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Trading is my expertise...
I don't care about the words of others who say gambling or Binary can get money quickly, I only focus on trading because I have honed my analytical skills in trading
- Agree, we should participate in what our skills allow and can make a profit, and here, trading is a top priority job when it has been proven that it is possible through skills to optimize the income stream, while on the other side, Binary and gambling, both are really options that can make money quickly but these are just advertisements from casinos or some players that are lucky enough. Especially both are the markets where big bosses control, the odds of us being lucky will become lower, I won't choose what I love, I choose what suits me. |
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Well I still hold my cryptos even this bad condition in the market, I'm hoping that we can see healthy market someday but for now it is good to buy cheap cryptos, let's take advantage this while it's cheap and hold until the market will rise up again.
- Still holding is probably an inevitable option in such a bad market because from the first days of collapse, it's hard for us to predict the situation will be as bad as it is now, not accepting the cut loss has made our loss thicker than ever, now, it's too late for giving up and retreating. Therefore, continuing until the market returns is the right thing to do, instead of issuing stop-loss orders but besides these difficulties, we are having a relatively good time to buy, altcoins have fallen to low levels to accumulate |
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I do not think that it would be a profitable moment for all the bitcoiners.
( But then again it's purely speculative , therefore is not a reliable option)
Due to Corona virus , buying and selling of bitcoins is much into demand , banks are failing , economics are going down , people are paying 1000$ for a test without insurance. . .
The whole world is in a chaos and I do think , Halving is least of our concern .
- Halving bitcoin is not really successful at this time, market capitalization seems to be shifting to individual wallets, where people wanted cash to spend during the peak epidemic, the economy and many other investment sectors are still suffering heavily, and bitcoin will not be able to become an exception. But at least, we should still be happy with the arrival of halving, when the situation is in crisis, such good information will help maintain the price of bitcoin, prevent it from falling too deep and unable to return. |
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I rarely use stop losses especially when im invested in Bitcoin, basically what im doing is buying in the dips and only sell if Bitcoin goes new all time high. You could say im a long term type of trader that's why, i dont worry if ever the price plunge cause i know it will eventually return. Long term trading for me is where the profits are.
- I know for investors who have chosen bitcoin and hold it in the long term, patience is the inspiration for their infinite profits, price in the short term is not their concern but this method seems to be quite obstinate and lacks a necessary analysis in the market with such fluctuations and opportunities. This market needs us to be proactive, rather than passive when it is not so easy to guess, so stop loss is always a safe contract for us, this guarantee can sometimes make us miss or uncomfortable but in certain times it will prove its worth. |
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We never thought this corona will be so viral and disastrous and even I have mentioned in my previous posts downplaying the seriousness of Corona but now it has collapsed economy of many businesses except pharmacy business which have seen a spike as most of the stocks are out of stock but the restaurant and other daily operational business like tours and travel agency, malls, other event-based business, and meat shops are closed and going through massive loss.
How long will it last? What's the antidote for Corona?
It is very sad that the coronavirus has been more disastrous and have a huge impact to our market especially to the business and workers of the different country. This is really a sad part of this virus because it brings negative outcome for us especially to the economic growth of a country because I am pretty sure that the economic stand of the countries will dump just because of this disastrous virus that occurs on us. - The situation has come to many businesses so suddenly and has killed the economy of many businesses, create an atmosphere full of anxiety every day, although this is something no one wants to happen but it happened, the damage of businesses can be quite large but the government will definitely have some help, even provide economic support and direction when the recovery begins. So this is not a moment of endless sadness, everything can still return as long as we continue to survive, the priority task right now is to protect the health and loved ones |
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What kind of altcoins do you think will grow in price faster if the market recovers? I am more interested in your reasoned opinion than the name of a simple coin name.
I think all that can easily pump are those major altcoins on the top 10 with the exclusion of USDT which is a stablecoin. For me, I probably go for eth, xrp, bnb and eos. Those are my bet altcoins that can easily go back to its normal state when things go back to normal. Also neo but Im not a fan of this smart contract, I still prefer the simplicity of ethereum network but this could also recover and good chance to pump too. - Your bet is probably a general prediction, considering the preliminary, these may be the correct options but honestly, from many past collapses and recoveries, the value of altcoin top often revives slowly while looking at the altcoins at the lower end, they have a faster return, and if we make a quick statistics, the evidence will show that altcoins that are not in the top 10 have low market capitalization, are easier to pump back than the main altcoins. Talking about specific altcoins, I will not give opinions of individuals, each should have a view of investors |
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As we can see on the market graph and situation we can easily say what are the affects of the coronavirus to the value of the bitcoin as well as the other cryptocurrency in which it dumps so fast so it is really a very bad news for us so we should really wait for the bitcoin to rise up again and maybe when the coronavirus gone the bitcoin and other cryptocurrency will arise again.
Right now we doesn't have any idea on when it will ends.
- Not just bitcoin, investment businesses, stock indexes, more precisely, the world economy is suffering significant losses, understanding the general situation of the world, bitcoin will surely go down and be hard to recover because investors know the financial instability, the risk of whales liquidity and waiting for everything to stabilize is very high. At the moment, I really want to know when it will end, but as you say, countries have not yet had a thorough measure to prevent this disease, the waiting time will probably be long, need to be patient |
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Well, we have all different perceptions regarding cryptocurrency, but for me, cryptocurrency can be a great help to make our country globalized, Cryptocurrency is much safer and faster compared to fiat currencies when we are talking about transactions because all things happen through online or internet is great compared to the real world.
If we use cryptocurrency in exporting different kinds of stuff and goods then we will have faster transactions which are really good especially when talking about economics.
For me, crypto can help us get job and income. Second thing I'm not agree with crypto bring globalized because blockchain do that, crypto is product and someday will replacement. There's no safe in crypto/ currency world, we should do our best to protect our asset. Blockchain make transaction faster, that's benefits we can take and manage to help economy activity. Focus on technology and make sure not saving crypto because all transaction will end with currency. - As you said, crypto is creating jobs and waves across regions of the world, a lot of users and have the idea that they will use crypto in the future, this is a sign of globalization, people will have a different method of payment, a more modern payment method. And another sign to reinforce and confirm this idea, you can look at the libra coin project, a project that seems to be accepted by the government, which can be called a crypto, the group behind it is Facebook and this network covers the globe with a huge impact every day |
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Hard to choose only one as these coins are both great in potential, I like BNB and ETH and in fact I have invested on them both.
Maybe I can choose ETH because I have the biggest percentage of my investment until now,there was a big dump but I still hold it until now.
BNB on the other hand is quite promising, especially on what it has achieve in 2018 where most altcoins struggle while it created a new ATH.
That's something we can call as a quality of a good coin.
- Agree, both are products with a very stable position in the market, behind them are big and reputable bosses, so we should try to choose both, instead of giving a best option, only one option will do us a lot of damage while both will be perfect support. Quality is the first thing to explain this choice, the next is to look at the risks and limit the risks in investing, both are potential but this is a bad time in the market and in the world, the collapse may be unexpected, splitting capital to invest will eliminate the all-in-one situation, opening a way out for us |
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I also didn't believe initially that the virus could ever affect trade but now truth Coronavirus has definitely affected the whole market and therefore the price of each currency within the market has dropped significantly. Businesses are spending days in frustration but if the new vaccine developed by the Coronavirus is effective it are often cured and therefore the market will return to its former location.
- Indeed, the global economy is facing a huge pandemic, many businesses have been forced to temporarily close, which has a strong impact on the economy, many people sold crypto in panic to hoard more food during this period. In addition to these negative issues, we should remember that the number of traders who are at home is very high, they will manage and monitor this market more often, that makes it harder for us to make money because whales will make more traps when the number of players is too crowded and too easy to be affected by the collapse |
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Every people start with zero knowledge. They don't have proper skills to trade, but they are still trying to learn more about trading. Some people say trading is hard, but that depends on how they can learn to trade themselves. You are not alone, and I am sure many of us are still learning, and they still got lost, I got lose too. But if we can learn how to analyze the market, I am sure we will get our time to make a profit.
Trading and holding have advantages and disadvantages. Whether we want to trade or hold, we need to have the skills or knowledge, so if we trade, we can make a profit, and if we're going to hold, we need to know which coin is good to hold. The important thing here is you should keep trying to learn about trading and hold because sometimes, hold the coin will be the best option that you can do while the market is not moving anywhere.
- A lot of people have mentioned that trading and holding have their own unique features, so it is impossible to say what is better but maybe this view should change with the current market, and we should focus on strengthening our knowledge of trading more, even if we are not good enough or disoriented, we should still try. Because trading is allowing us to cut losses in this market while holding only brings a brutal truth, assets are only continually losing and proportional to our holding time, I rarely see an opportunity for us to change fate with a holding plan |
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Im also seeking way not to get scammed.Its the thing that im avoiding.I've read some comments and it will surely help me a lot.And also im not greedy,Just a little bit impatient but i can surwly handle that.And im using diffrrent wallet too,i think it wise to do so.
In fact, no one is immune from fraud. Of course, the results of our research depend on our professionalism and previous experience, but nevertheless this does not always give the desired results. I am wary of any investment in new projects, but deal with them as a Bounty Hunter. And if I invest my money, then only in proven projects that will definitely have prospects in the future, as well as in already held cryptocurrencies that have a very high rating. obviously no one can avoid this state of fraud, despite trying to keep an eye on and pay attention to what is necessary so as not to be exposed to fraud. I agree with the above opinion that it is wiser to refrain from investing in new projects that we really don't believe in. it is better to invest in the obvious, and do not hesitate to accept CMC as a reference for determining the investment. - Exactly, it is difficult to avoid fraudsters in the crypto world when they have so many ways to lead us to participate in the fake projects they create, regardless of whether we try to be careful or analyze, as long as we continue to invest, the probability of getting involved in scams is still relative, aegardless of whether we try to be careful or analyze, as long as we continue to invest, the probability of getting involved in scams is still relative. Invest in projects that are valuable and absolutely certain, for projects that aren't clear, join to get rewards from bounty, it is better to invest money to bet |
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I didnt panic sell because its not a wise decision to do in times the market is in bearish trend. But unfortunately many investors did and it was reflecting on the market. I cant blame them for selling, they might be new in crypto and didnt know that this kind of scenario is normal and already happened before. I just want to stay positive and forget for a while the current happening in the market.
- Blaming newbie is unnecessary when this market has created too big a surprise and attacked them when they have no precaution, even for investors familiar with this scenario, they cannot maintain the necessary composure but at least with past experience, they can handle this situation more appropriately, instead of being drawn to the trend of the crowd as a newbie. Calculating so far, based on the value of bitcoin and so many other altcoins, the number of people who sell in panic is significant but perhaps from the experience ahead, the market and people are slowly regaining recovery, rather than falling too deep |
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Porn site will bring negative effect for bitcoin because many investor bitcoin come from moslem people and they will dislike when bitcoin accepted for porn site, they will get negative effect if bitcoin using for wrong way.
But they can't stop that from happening, just like muslim does not like gambling but there are still gambling sites. Bitcoin being accepted in port sites will not bring negative effect to its totality, maybe to some people or group but in overall, it will mean adoption, so goo effect. - Indeed, some religions do not like bitcoin appearing on porn websites when it is taboo in their minds but as you said, it's just a small part, it won't be able to affect bitcoin, although some people with their strict religion, they will have a bad view on bitcoin but with the overwhelming number remaining, the advertising here can bring opportunities and expand bitcoin. Because we can see the number of views and followers per day on porn sites, plus some of their services, bitcoin is really a good solution for both sides |
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KYC does not diminish the decentralization of blockchain technology. These things are mostly done to conform to the regulation within the jurisdiction. Besides, there are decentralized exchanges that don't require KYC and you can remain anonymous but the percentage is very small at the moment.
That is so true though. Despite people using bitcoin so they can stay anonymous, KYC is beneficial for users, investors, and exchanges and in the community as well. I don't like the idea of KYC since it is the opposite of what crypto currencies goals are but still, the existence of it is not to kill decentralization but to take care of it. It is beneficial as to add assurance that the people you are dealing with are authentic or verified people. Though some may not want to do it for security because there’s a chance it will be hacked and aside from that KYC for some exchanges are kinda complicated and people don’t like it. For me, KYC has its advantages and disadvantages since nothing is perfect but having KYC make me feel a little secure knowing all are fully verified. - Some people only put a small amount of capital into the exchanges, which makes them feel that KYC is ineffective, sometimes their information may spill out when the exchange is hacked but such a vision is probably quite narrow, we have determined this is a market that can survive for a long time, KYC on exchanges is a guarantee of assets, at least our money will not be unusually lost without our permission. The case that KYC gives exchange is a special case, KYC for other processes such as bounty, airdrop, I am not highly recommended when scam components are numerous. |
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