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Btctalk name: S4VV4S
Rank: Hero Member
Current post count: 4357
PHR Address : PThxMjnw8DmrkZmG4aSd2oUVXBZUcbXQ5P
Wear appropriate signature: yes
Wear avatar: yes
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is there someone holding bitcoin from early 2010 when the price is around 0.01 and still not selling today? just wondering?
There may be but rarely. Long-term investment is indeed very difficult, especially for a period of 11 years, 5 years, the possibility of a lot of temptation. But I'm sure there are still people here who have invested for a long time. So making their investment now makes him a young retiree thanks to his patience. |
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As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...
Strategize properly , not all coins are bad . Choose a coin that has a good future. Like ETH for example. He was when he went down but could come back up again steadily and quickly. I've been holding this coin since the price was around $200 and now I'm reaping the rewards of my investment for several years. So if you want long term, choose a coin with a better future and keep analyzing. |
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There are now German banks that work with crypto currency, they are not directly in charge of them I believe but they are basically helping people directly instead of being in crypto directly and that is still a thing. In many nation’s banks also work with crypto exchanges, where do you think all those billions of dollars, actually I believe it is over 100 billion by now, in ALL exchanges of the world put their money in? They have tangible fiat currency in their accounts for all those users, you put your fiat in coinbase, and someone else does too, then buy crypto with it, where do you think that fiat goes to? Cash in hand of coinbase staff?
Of course not, it is all in banks. Which means banks all over world have over a hundred billion dollars (my estimate, real number could be different) thanks to crypto exchanges, that is a huge sum and that is indirectly being involved.
It's true that every country has its own policies. Not all of them prohibit banks from cooperating with crypto. |
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At the moment yes cryptocurrency is my only Investment,
But I also want to invest in other things to sustain my profit when crypto is dropping down.
I couldn't just rely on crypto alone since it is too volatile.
I think it's a good decision to be willing to invest in something other than cryptocurrencies, with a very volatile price, of course the risk is very large and investing in cryptocurrency is difficult, we must really understand market movements and be able to analyze them everyone has their own choice. If indeed both are still running well why not. Crypto investments are running and other investments are running. So you can have two sources of income. So if you think which one is more profitable, please focus on the more profitable. |
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in a fact, many people kick out by their factory. unemployment be the one problem, like continue regenerating because of pandemic. we cant blame the boss, because no other way to face this situation.
crypto cant be a good solution because there are many people dont know about it. and people who know crypto, not affected, and still survive till now
The pandemic is the one to blame as we're not expecting it to happen. And with such restrictions coming from the government, those companies has to react necessarily with whatever is going to save their companies through removing some of their employees and lessening their manpower cost. but, there are a company still save their people. not all, but they will change the list of attendees every day, so people still work and have their income although they dont get at full salary. back to the point, we cant blame the boss when they reduce some employee I agree with you and I'm sure the boss must have considered carefully and had reasons before reducing some employees, especially in the current conditions almost all entrepreneurs are trying to make their business survive, Of course it's not easy to get past that Yes, especially if it is a garment company that produces clothes and raw materials from China. I'm sure they're going through a loss phase. That's why some employees are laid off to maintain the continuity of the company. This is indeed a difficult situation, covid has taught how important it is to have savings. |
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Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.
Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.
Your opinion?
The government banned but could not stop the existence of bitcoin. Especially now that the bitcoin trend is growing rapidly. I don't know how long bitcoin will last, but I'm optimistic that bitcoin's future will be better than it is now. In fact, many countries have openly supported bitcoin, even making it a legal medium of exchange in their country. |
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we keep the coins at least 5 years , but its too long imagination. you can proof it. 2018 early NEM coin was top 6 Marketcap now 56. so keeping its useless. we have to updated everytime and get the action the correct time and exit.
Now i think bear market is going on , so holding for 4,5 years just a imagination. specially i have to say that TOP 5 coins , we must keep most probebly they will surpass the All time high again.
what all your perspectives?
For me to save for 5 years was really very difficult . Long term and many temptations. Because we never know what this coin will be after 5 years. Sometimes I'm afraid I'll miss it when the price is good...and maybe after that the price will fall even more. So I now prefer to play altcoins in particular always short term and keep learning to analyze. |
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In the past, people farmed and exchanged the surplus grain harvested in autumn for rare, unchanging gold. Then give the gold to a trusted person in exchange for his IOU. When you finish eating your own grain, you can exchange the IOU for gold and then exchange for grain.
Now and in the future, we will replace the surplus production with a rare, trustworthy and unchangeable Bitcoin, and it can be quickly exchanged for the product we want in any corner of the world. We no longer have to work hard to carry these gold and IOUs.
In fact, in a few years, I often imagined how to send money conveniently on the Internet. After thinking of Bitcoin, I found that Bitcoin, which has solved scarcity, trust and immutability, is money itself, and it is digital gold that is easy to use.
You are talking about the initial days of the money system but now a days we have so called paper money which can buy anything and also you can sell anything which has value and get the paper money, of course in future we may have bitcoin as medium of exchange but do we have surplus production of needed things? Lot of factors affecting the productivity rate even due this the pandemic there is huge shock in the supply and chain. In my opinion, it is still very difficult if bitcoin will become a medium of exchange that can replace paper money. It took them a long time to introduce them about bitcoin to people who are low-income and less tech-savvy. Even in my multi-ethnic country, there are some tribes that prohibit the development of modern technology, they are still primitive. And prefer to buy and sell using physical money rather than digital. But this is less of a problem than people who want bitcoin to be a legitimate trading medium. |
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Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
altcoins are indeed an option of choice to get a lot of profits, you have to be patient to get big profits, there are so many that make altcoins experience a decrease in bitcoin prices suddenly up and down and high, so altcoins don't go up immediately, it takes time for it to go higher, wait for bitcoin to be more stable Meme coin is more known and liked by many people, so many buy it and the price also tends to rise because of the increasing interest of investors. yes I agree with you, we need to be patient in holding altcoin investments if we want bigger profits. Don't panic with prices that are going down sometimes this is indicated because bitcoin is going down, I think if bitcoin has gone up they will also go up. Maybe just a few coins that sometimes have no effect . But what is certain is that it is a good analysis. |
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We live in a material world and, of course, we need money to satisfy our material needs. They say happiness is not in money, but in their quantity. If we do not have enough money, we sometimes have to get a job that does not bring us moral satisfaction, we have to live and work in worse conditions, poor quality food, not full rest, which ultimately affects our health. Well, in general, everyday problems with a lack of money take up a lot of time from us, which we could spend on spiritual development. Therefore, money is important for any person.
Indeed, it should not be hypocritical if everything requires money, both must be balanced, that does not mean money is not important. But money is a complement to happiness in my opinion. Happiness will be complete if it is accompanied by sufficient financial condition. Can balance everything. |
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I don't think so that you could die through Forex Trading, but you could be losing tremendous money if you would enter the market, without any prior knowledge of the same.
yes I agree, they will not die if their condition is always good because their minds are still healthy. Indirectly , health is also good because a healthy person starts with a healthy mind . Different again with people who fail in trading, big losses even those who worry about their capital from debt. That I'm sure their minds are not healthy automatically their health is disturbed, especially mental |
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In world, there is hierarchy, that is why some people are rich, some are average, some are not that rich but still having good living some are poor, while the poor still look at some and still appreciate life because they are poorer. I am beginning to thinking laziness can be the result of some people not having good living, while some is purely due to ignorant an lack of knowledge and exposure, some even only lack information.
I am thinking with how people is, is there a way possible for everyone to live without being poor, though their can be hierarchy but in a way no one is poor? But I am thinking it is not possible. If anything happens today that the poor are richer and got richer than the rich people, the rich people will become poor too because life is not just balance.
Economically, can there be a way people can live and no one will be poor?
This is not destiny , everyone can change the fate of his life from poor to rich if he wants to try and work hard and in prayer . When he is persistent in achieving what he wants, it will surely be achieved. And vice versa if people are destined to be rich, but it turns out that he is just a lazy person, I'm sure his life will also be poor. Even in the book I read, God will change a person's life if he himself wants to change his destiny. |
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Have you seen the recent decline in the value of Coca-Cola? The company said after Ronaldo dropped Coca-Cola in a strange move: Drink water instead After this session, Coca-Cola shares fell 1.6% in the stock market, and Coca-Cola rose from $ 242 billion to $ 238 billion. However, after that, it regained its value in the market.Coca-Cola stock chart now It's interesting to me! If Ronaldo makes the same move with Bitcoin and defines Bitcoin this time instead of destroying it, will we see a huge increase in the price of Bitcoin? Ronaldo is someone that at least everyone in the world has heard of, and if he supports Bitcoin, we will see an increase in the number of buyers in the Bitcoin world. Ronaldo meeting video: https://www.youtube.com/watch?v=DcFx1VEDdbsIn this case, Ronaldo might accidentally drop Coca-Cola, because maybe it's true that Coca-Cola is not good for health. Healthier water , maybe what makes this very influential . However, if it is paired with bitcoin, it is possible that Ronaldo is not very interested and in synchronization with bitcoin. I don't think it matters much, except for Elon who speaks, at least there is continuity in the crypto field. |
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Yes, because of Covid pandemic, a lot of things had changed. Many people now are working online and also enter in crypto world. From a traditional work of 8 to 12 hours a day, always looking for time so as not to get caught up in work, and huddled in the car in the middle of traffic. Now, working from home, without limit, without hassle, and sitting in front of your computer, you are able to earn huge money. That is just a few changes caused of covid 19 pandemic.
Although I salute all the positive changes to the economy that happened during the past months, I don't think that the emerged possibility of working without limit is a good one, and I want to warn against it(at least those who read this text). Indeed, working much longer than usual can provide you with much more income than before in the short term, but "in the short term" is the keyword here. Taking time to relax from your work is very important, both for your health and the effectiveness of your work. In the long term overworking can be very harmful. Be careful with that. Oh, yes, remote work from an undoubted good can turn into a curse from which there is no escape, which will take away your free time, which in other conditions you would have spent on recreation or self-education. It is one thing when you arrive from an industrial enterprise or office and become left to yourself, and quite another when you are constantly at home and family with household chores must somehow be combined with work issues. Therefore, it is not necessary to exaggerate the role of remote work and understand that the traditional scheme of professional activity has its advantages.Indeed it has a lot of advantages, and no wonder, because it has been evolving for many decades. Many intelligent persons, economists, sociologists, doctors and others, were working on this scheme. If today, in the case of distant working, we were having the ability to create our own working schedule, it would be foolish to not use the knowledge. In short, even though I'm not that good at it myself, I would suggest to refrain from overworking. That's right, doing everything with technology, working from home is a change that I think is very good, even though without us realizing there are many negative things in this condition, especially in education in my country, which is surprised to have online education. The government's unpreparedness causes all systems to become chaotic, poor children who do not have internet access and their learning support technology devices are the impact. |
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Most people who are new to BTC or find a way to accumulate BTC this might help you out; few ways to make money from BTC:
*Daily trading
*BTC mining
*Investing
*Selling your items in exchange for BTC; i.e(receiving BTC as payment for work or items sold)
*Yield farming (De-fi)
*Airdrops (this helps allot but be aware of fake ones too before participating)
*BTC surveys
there are many things you can do nowadays to get bitcoins. Like me, one of them is by following the airdrop, maybe that's the easy bounty in my opinion. But there are also some who take surveys in exchange for bitcoins. I used to also play surveys to get bitcoins in return. However, it is less effective for people who are impatient, because surveys are very time consuming for me and the results are small. besides that I also doubled my bitcoins by trading and investing. |
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Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?
Things like this are often asked by beginners. I'm sure you haven't tried and learned to understand both. If only you studied hard one of the trades I'm sure you know at least the advantages and disadvantages of each. Profit and loss depends on which trades you understand and you are an expert in. The problem of loss is the risk of all traders. |
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