Bitcoin has started to raise prices again, we can see that market prices have started to move, As traders we cannot be tired and hopeless, we must continue to struggle to get up and be optimistic to become great traders, I think traders will not always suffer losses as long can be patient and keep trying to achieve the benefits we want, so let's start trading again so that we can recover the losses we have suffered.
The crypto market is full of opportunities and not just bull runs, if traders only depended on bull runs to make profit than there would not be any trading, as bitcoin rises and this least to a potential overall market increase many people would start making mistakes and not being patient and start going greedy, but it has been said a million times before and i will say it again, trading requires penitence and long run investment and if people just come and try to make profit only while there is a bull run they would fail hard. |
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Some of these countries that are listed, have not yet declared bitcoin illegal or they haven't made any regulation towards it, so it unsafe to amuse that it is legal, because bitcoin is related to malicious activities like buying and selling drugs on the blackmarket on the dark net, and for that most of the third world countries have considered bitcoin illegal, so if you are caught using it you would be accused of using it for bad activities even if you are not because bitcoin is anonymous and they have no way to trace the transactions and where they are going.
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hi guys
do u think its a good time to invest in XRP at 4500 - 4700 sat or wait to 2000 - 3000 sat
because last time XRP dump to 4200 then explode to + 10000 sat
I personally thought XRP was gonna fail and fall to the bottom of the market a long time ago since it is centralized, but it seems that there have been a lot of development sounding it from different fields, and that makes me think that it might still worth investing in, it really doesn't matter when you gonna buy it because if it is gonna get profit it will be on the long long run, and if you are looking for something quick of a profit that don't think of investing in it, |
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What is the key reason for the success of top cryptocurrency trading exchanges like Binance, Coinbase, Coinmama, Kraken, and Bitrex? What are the unique factor which make them each other competitors?
To be honest all of these exchanges are just one of the original ones, and have been in the market for quite sometime, and currently there are more exchanges than we can handle and it is hard to tell the real one from the fake one as there have been many scams, so it is just better to go with the most trusted ones and the ones that already reliable, and if someone were to make an exchange website these days they would have to offer something new and interesting in order to compete with the other ones. |
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Well that is the nature of the world we live in, whenever there are is a trend or something that involves money, there will always be people who are trying to take it the easy way, and when it comes to bitcoin it provides the perfect target for that because it is anonymous so they can steal the money and not be traced, but at this point the people who are involved with cryptocurrency have seen a lot of these scams, that they know a scam when they see it, but scammers just come up with more and more intelligent ways to an easy way for money.
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Just came across this thought. We all know what happened after the housing debt bubble burst near 2008 which led to a global level depression in 2008 which really ruined lives of millions of people worldwide. It even raised some great question about fiat debt and it's working. Lots of people lost their jobs, houses and everything.
Another fact that Bitcoin was created right after one year in 2009. So do you think there is some chance that satoshi was someone who lost his everything in 2008 crash, his job, his assets and his house.
He was so frustrated with it that his trust on the fiat financial system completely broke. He was sick of government, sick of corporate and sick of banks because of which he thought of creating real money thus creating bitcoin over blockchain and completing it in the very next year. So that people don't lose their money just because of debt bubble
Well it might not be necessarily Satoshi himself who lost a lot in 2008 but maybe who the situation was so bad and the amount of people that lost back then made him feel the incentive to do something about it and come up with a solution to prevent such things from happening by creating the Bitcoin we know today, and maybe when a crisis like this happen again people will look at their choices and start using bitcoin and take matters into their own hands rather than wait for governments to do something about it. |
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With so much speculation surrounding Bitcoin, it’s worth evaluating what you can buy and transact with in Bitcoin for regular, everyday transactions as well as some more fringe use cases. SO WHAT WE CAN BUY WITH BITCOIN IHEARS TRAVELS BUT THERE IS OTHER PRODUCT CAN BUY IT  ? It really depends on where you live, for people that are living in places like LA you can find many shops, restaurants and hotels where you can buy things for bitcoin, and in places like north eastern Europe and japan there are a lot and i mean a lot where people accept it, and since the last bull run back in 2017 more people have invested in it and i am sure that in more years to come and with bitcoin becoming more and more popular more places will start adopting it. |
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Anyone who use mobile wallets?
I think it is very dangerous.
The only reason i use mobile wallets is it is much easier to set up and use quickly, unlike hardware wallets which require a lot of work, for someone who has a small amount of crypto, like less than 10k i really don't see a reason to not use them, but if you have more than you should defiantly invest in a hardware offline wallet in order to keep your funds safe, and to be honest i didn't hear or have had any issue with mobile wallets like getting hacked or funds stolen,e and to the people who had probably it was their fault for like clicking a phishing link or having longing virus on it. |
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The bill that has been introduced in the Ukrainian parliament which proposes a halt on cryptocurrency taxation of any nature in Ukraine until the end of 2029, would definitely be something all crypto people would get behind. The questions is, how does cryptocurrency taxing work? And is there a fair way around it?
I would amuse that taxation on crypto would involve the people who buy and sell it using real money, because then their transactions and their earning would have to be registered in the bank and therefore they pass through the government system and they can tax them, but for people who are earning and purely using crypto i don't see any possible way they would be able to track them down and tax their income, unless as i said their use cash. |
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Well he said it himself, cryptocurrency dis-empower the government, they are afraid that as more and more people start involving in crypto, people would deviate from using fiat and that would mean putting them at a position where they are not able to control transaction and the privacy of the poeple, which proves the point that bitcoin and cryptocurrency give people the power to control their own financial lives and do what they want and how they want. |
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as we know, since Binance exchange was hacked, then Binance coin prices dropped every day and will this continue? whereas Binance Coin prices began to increase before Binance exchange was hacked, because Binance had made a new project, that is Binance DEX and Binance Chain, so in your opinion whether the price of Binance Coin will increase again and can restore the trust of investors to invest and use Binance project again?
Binance has been the well known exchange for many people in the crypto community, and the amount that was hacked and stolen was small compared to what they make a year, and they said that it won't affect anything, and to be honest if they did not come out and announce that they were hacked no one would have noticed, and if anything this shows that they are transparent and trustworthy, and i think that actions like this may lead to the Binance increasing or at meat stay the same at it is. |
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Hey guys, what are you thinking about this bullrun. whether this increase in bitcoin sacrifices altcoin prices. I see the volume of bitcoin trading going up but on the contrary almost all of the altcoin volumes go down. Does this mean that Bullrun needs sacrifice this time?
is this just the beginning, until everything turns green. I think all possibilities will ultimately benefit Bitcoin. what are you thinking right now?
I think that this is just something that is purely due to bitcoin's nature being the best cryptocurrency investment, and i don't think that other altcoins will start bull run as well, at least not at this point, sure the price of bitcoin has gone up quite a bit but this does not mean that the market is at a point where there are development and major investment into crypto, but it is something that will lead to a potential increase of the investment overall. |
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Currently, all major currencies issued by the government have natural inflation of about 2%.
Bitcoin, on the other hand, is much different, it, in fact, does not have any inflation but deflation.
Bitcoins are created less and less and the number of users does not affect the quantity of creation of Bitcoins.
Inflation on a low level promotes spending while deflation in Bitcoin promotes holding...
My question is, would an economy with a deflation based currency such as Bitcoin work?
The thing with bitcoin is it is a currency that is not being wildly used in different fields, not like the fiat where there needs to money in trading banking markets shops ect, meaning that money needs to be available when people need it, because they can't just go an print money while the demand increases, and when the demand on bitcoin increases the amount of bitcoin produced increases at a slow rate that does not make it able to keep to wheel turning if used in real economic. |
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Well obviously many people who you try to convince about bitcoin might get interested and other might not, but the thing is we have to keep trying we have to keep spreading the word because among the poeple who are just gonna ignore you there are a small minority that will join you and that is the way to make the community grow and make the bitcoin progress, and the people who hated on it will see what they are missing like they saw what happend back in 2017 when it reached 20k and people regretted it.
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Please justify your recommendations so that others may taken an educated decision.
Well obviously none, you are talking about bitcoin here the king of the crypto no coin will ever outperform it or even come close to it, at least not for the time, if you are looking for advice on what coin to invest in in this summer than, you should put it in bitcoin, because most of the altcoins are just a long term investment and they take some time for the price to change significantly, and bitcoin is probably going to go big in the next few months. |
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Binance is one of the most popular if not the only exchange that is well known for crypto traders, and that amount is so small compared to what they make a year, if they were not so honest about it no one would have even noticed it, because no one is going to have his funds stolen, they said that so themselves, if anything this proves how trustworthy they are, and this is something that shows their security flaws that i am sure that they are going to be fixed, and probably the hacker will be traced and the addresses that the funds went to will be blacklisted.
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With the recent news that supposedly could have affect the fall of Bitcoin and probably crashes to lower support but instead the price remain in the upward momentum. Bitfinex with Tether issue and just of recent the biggest hacked than happened to Binance Exchange with the hack of over 7000BTC worth over 40 Million USD, despite all these negativity, the Bitcoin price keeps moving Northward.
Is it too early to assume that we are now getting matured in the crypto space and negative news will have less impact as compared to that of 2017 to early 2018? During that period, the price will move downward, sometimes with 10% within an hour.
Bitcoin and cryptocurrency are still fairly a new concept and a new technology that some people don't even know that exists, back in late 2017 bitcoin has made an impact on the world with its price going to nearly 20k and that made people go wild about its investment potential only to be shut down by government regulations and bad news that dragged it down, and now with it slowly recovering it will surely make another impact in the near future, so to sum up the maturity stage is still not achieved but with enough support and development we will get there in no time. |
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I only advise new people to enter bitcoin to invest in it, only if they believe in its cause and they would have to look it up and research it and know what it is all about, because if you plan on going into crypto only for profit that you will only be meet with misfortune, maybe you invest now and the price goes down and you find yourself losing money and because you think only about them money than you quit it, a lot of people who joined bitcoin in 2017 when it reached 19k only for profit found them selves losing a lot of money because they are greedy, so only invest if you believe in bitcoin.
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The white paper states that bitcoin was designed to be a peer to peer version of electronic cash, but the problem that that idea was long have been neglected and forgotten, people say and hope for the bitcoin to become a major payment method, but they don't treat bitcoin as a electronic way of paying for thing they treat it like it like a valuable assets that should be held and never be sent, and that idea has hurt it overall nature, it made its price unstable and therefor unfavorable for usage by major companies and retailers. so unless this idea changes bitcoin will always have unpredictable and unstable price.
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