This question is especially for those who have been into crypto for a long time. How did cryptocurrency help you, most specifically financially? Did you earn more? Gain more investment? I do have a friend who wants to get into crypto but he does not have a lot of savings in his bank account or any major investment. I told him to save more before getting into crypto because they still have mortgage and car loan to pay. Do you think crypto will help him out to?
For me crypto have helped me very much. Since I engaged in this business a lot of good things happen to me. In my financial stability bitcoin has many chance given, there are times when I need money the most for my kids obligation in school, I withdrew my earnings from bitcoins. I will never stop believing fro bitcoins because it gives me food and shelter for my family. i think that has been experienced by many people, including me. with bitcoin we can realize dreams that were previously difficult to achieve, but now i can have them. Hopefully with this post, more new bitcoiner will emerge |
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Hey guys , i have been posting for a while now in altcoin forums but this is my first post in Bitcoin forum.
I am trying to understand the relation between the CME futures expiration and the price of Bitcoin in the market , is there any way to track the amount of futures going in long or short ?
At 2009 BTC was very new to all and somebody trust and some are not. But at present time BTC is more popular to all and also for big investors. So i think BTC price can make a effect market of BTC. There is more fluctuation on BTC price in market at present time. I think if it goes lower fluctuation in price BTC investor will be more aggressive to invest here and future of BTC market can run with high speed. i think the role of government is needed to maintain the development of bitcoin. with the policy from government, i am sure there will be many new investors who support it, because that will increase investor confidence |
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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.
Your point is not actually that acceptable. Fiat currencies are a must for the world to carry on its financial transactions and i think without any fiat currencies the normal financial transactions would be hardly not possible because noy everyone is able to use the cryptos ot the digital means of payments. Fiat currencies are centralised and none of the government would allow the decentralised currencies to rule over centralised currencies. right, it's actually bitcoin as a complement to fiat currency. meaning that essentially fiat currency becomes the main transaction tool, if btc will shift it, i think it takes a long time, because bitcoiner is currently only 1% of the total world population |
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surely all decisions are on yourself to choose the best in the assets that are owned. my advice is to keep investing in bitcoin because the movement and growth are no longer doubted to be able to get a big enough profit, but only if it is invested in the long term for a decent result. choose the one that you think is best and can get a big profit for you.
by investing in bitcoin, we will be safer, so that it doesn't interfere with psychology. as we know, bitcoin is the safest coin compared to other coins, because other coins growth are influenced by btc |
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We all experience being financially challenged and we cannot deny that money makes us revolve around it. When we find ways to alleviate our financial suffering, we stand our ground and spend so much effort just to see the result and of course, benefit from it. Do you think that spending time and effort to gain bitcoins is a rational idea? Do you think that you could've been wasting your time? Let me know about your thoughts.
You Cannot earn a Good money if you just doing your job. so you need to have a sideline Like a Stock broker. But the Best thing to do that is to Enter the World of Cryptos . and Start to Earn Bitcoin . we can get bitcoin without capital by participating in the available bounty, by collecting these prizes, we can invest in the crypto world according to our style. therefore there is no harm in spending time in the crypto world, but don't leave the needs in the real world |
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government that prohibits bitcoin in some countries. If the government can accept the existence of bitcoin there are some important points in it:
* can pay off the "debt" of the country
* Improve the economy of the people
* Decrease in poverty level
I want to know what you think.
If government allowing bitcoin, does not mean can use for paying government debt. Bitcoin or cryptocurrency banned in many country and still not accepted as currency. i think government legalizes bitcoin because it has to legalize it to keep up with the times, but not for now. and it is hoped that with the legalization of BTC can increase the welfare of the community |
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It depends on your situation, if you earn more money in cryptocurrency trading than your full time job then it is better if you will quit your job for you to focus better in trading cryptocurrencies.
i think working is not just making money, and i can't choose one of them, because both of them work together. with real work i can interact directly with other friends, and that makes psychological balance |
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I probably say its yes because in the modern way of living digital gadgets like cellphone and others are useful to us now and everyday we carry it so it means if we use digital money like cryptocurrency it is easy to buy something and pay because of crypto so it means that crypto will use as physical money someday.
what is clear, with the modern era as it is today, everything is practical. and i think cryptocurrency is a new breakthrough for transactions, although currently it is still a fiat currency facility, but i am sure that in the future it will be widely used |
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You must use Stop loss for each trade.
That is the thing I never use for my trades and because of that I loss almost 4ETH in total. I'm hoping that the one that I hold will back to its high value so that I recover that loss. So that in my next trades I will do the stop loss strategy and avoid big losses again. right, when the defense in market has been penetrated, market will continue the trend, so we have to put up a stop to reduce the risk of greater losses. and after that we can find a position to enter market again |
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what do you think will happen on bitcoin after several years?
i expect that bitcoin will a more bigger continuities and maybe that we can use bitcoin currency in public like buying in a supermarket cause we alk know that technology in our world was growing in every second that's only what I'm thinking
what about your thoughts?
Actually i believe soom we do be able to buy something easier with cryptocurrency. We do already posses the technology to do that and i do read bitcoin could be 96000$ in 5 years. i think bitcoin can reach any price, as long as the btc demand is significant. for 9 years bitcoin reached a price of $ 20,000. even though this time experiencing a correction, and i think it will increase again later, when many need it |
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If we have less new investors, so the prices tend to fluctuate less? How much dependent of new investors the prices are ?
This is an obvious law of demand and supply, so when we will have less demand or cryptocurrencies because of less quantity of investors than it means that we will have less prices because of the bigger supply. right, besides that with the addition of new investors, it will certainly increase the demand for cryptocurrency, so prices will rise, if at the same time sales are less, than the demand |
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I think these are people's own mistake. They talk about money and paper money there, and if there were digital money instead of them, it would be the same result. The using of digital money will not guarantee that economic problems will not happen in the future.
i think that both of them have their strengths and weaknesses. of course if later the digital currency is used, it will certainly have its drawbacks. but i think the digital currency has advantages for the modern era |
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I am agree that we should not spend beyond what we earn. We should buying what we need, not what we want. We should thinking about our future and thats why making investment is very important thing
if we spend more than income, it means we have to look for shortcomings to meet the needs, debt possible. for that we have to manage finances according to ability and saving, i agree that investment is the best way to save |
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bitcoin is supported by people who like bitcoin, if bitcoin does not support it maybe bitcoin will die and not worth it, investor support, shareholder is so necessary that bitcoin will not die forever
Yes you are right, the only reason for bitcoins to die is that no one will be interested on investing on it and that is the only way for bitcoins to dump in the market. |
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Forex deal with currencies and so are exchanges in crypto market. Bitcoin is considered currency just like USD. There is not much difference to Forex and cryptocurrency market. We can also store our wealth in bitcoin which is exactly what you also mean with GOLD. Bitcoin is even better than gold because it can easily be bought unlike gold that you have to transact differently.
Actually, I have a lot of belief in bitcoin, so we have the opportunity to increase our sales. It's more valuable than the hidden gold inside. It's a strong, robust force that has many uses for people and the investor community to use, i think forex is more realistic, because whales can't do much like in bitcoin, besides that i think forex is clearer news that will happen, we can see that schedule in forex factory, while bitcoin is pure from buying and selling. |
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if my advice for this year is better to hold first than we sell. because if we sell it can make a loss on our own. so if you want to get a big profit it's better to hold on first
but for that we have to prepare a big mental so that there will be no sell panic that makes a loss and regrets later. besides making sure that your life needs are met, it will be easier to keep holding it |
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And then we will see how the market will survive, losing 90% of its investors. Because the capitalization at the same time will be at the level of 100 billion and any investment will become simply meaningless.
that's when the cryptocurrency becomes meaningless because it is impossible to get more trust from investors, we wait and see it, nothing can be done to save it |
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Yes, sure the time for the purchase is great! To my mind, it is better to choose btc than any other coin because it is much more profitable and it is going to win the market soon becoming the main currency
right, by choosing bitcoin, i think it will be safer, because all coins come from btc. and the price is influenced by price of BTC. therefore btc is safest coin. with low prices like now, i think it's the right time to buy btc |
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I just have a question. i am just new in this venture. I have this new myetherwallet account and put some particular eth coin. i was not able to open the account for 1-2weeks due to some reasons. I opened it yesterday and my eth went down. i understand that the equivalent price for an eth is dynamic, but not the eth itself. does my own eth also move in response to the market movement even if you dont do anything on it yet? thank you for the help.
Everything is all interconnected in the world of cryptocurrency due to the traders and investors switching way to make profits. That's why the level and prices are constantly changing in a way of manner that sometimes unpredictable to notice. All of this you are feeling right now might be temporary so does the drop of prices too because everything will going to back in normal again once they've gone to the other side. hopefully all will soon return to normal prices. a lot of hope in Q4, where cryptocurrency price habits will rise, this is by looking at the market habits of the previous year. but it is not a guarantee |
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I think that this coin is going through very difficult times at the moment. Many investors were afraid of the market drop and sold ETH. But I think that they did wrong.
I somehow totally agree with your opinion. Many people recently have some doubts toward ETH. They're not feeling safe because the price isn't as stable as they thought. This really is a good coin, so we don't need to worry that much. This much time is normally okay. Yes, you are right but this makes many people think negative about the ETH but one thing we have to remember most of the ICO people are dumping the price in order to make money and this might be one of the reason causing the ETH price. it can only be done by whales. with large funds they can move prices, such as dump eth and when the price falls they buy back on a large scale, followed by traders, and they win |
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