Although that it will take a long time for this to happen, I can see that coming. Imagine that we don’t need physical bills and coins anymore because it contributes to the widespread of the virus. We can see that by just paying for transportation, foods and drinks in the resto, etc., we’re just using our mobile phones to scan QR codes for contactless transactions. This is definitely going to be amazing, but I don’t know when we could see that happen. Maybe in a few decades from now?
Well, cashless payments are gradually practiced today especially during the pandemic, but fiat currency cannot be phased out. Online payment processors can be susceptible to any software malfunction and errors. When it happens it could bother you from having a successful transaction, and If there's no fiat, there could be no other way to make it successful than to wait until the system is fixed. We're already using cashless payments by scanning QR codes sending payments from our E. Wallets. It could be improved in the future, but then again fiat would always exist. Yeah right and I always used it since its free of charge while transferring it to another mobile e-wallet(don't know if this one the same on what you have now) and I avoid dealing with crypto especially bitcoin and ethereum since the transaction fee is so high so its not really ideal to use this as an option for now. And I don't imagine here that fiat will vanish and replaced by crypto since this thoughs is impossible to happen. for now it is very unlikely that crypto will replace fiat just because it is on the rise. We know it is not that easy, because in fiat there are many economic and political elements, so that there will be a lot of pros and cons in the government to do that. |
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Why people still buy stocks?
If with crypto much bigger profits *
3% daily gain is nothing If you can get 100% profit with Good coins pump.
How the Hell people Even get rich with stocks with so small profits?
1. Lack of knowledge to crypto - for us who are in this forum, we might say that at least we know the basics of cryptocurrency already but for some investors its either they really don't know crypto or they just don't want to touch it because they are afraid to do it because they are lacking some knowledge about it. 2. Risk - We know the risk of crypto and compare to the risk in stocks, its far far riskier in crypto. There are some investors out there who prefer low risk low reward strategy rather than going high risk high reward. 3. Diversification - As investors, diversification is very important and as for me I already allotted some money in stocks just to diversify my portfolio. We know that markets are moving in cycles that is why I took out some money and invested it into other investments.
Overall, it will depend on the investor into which asset they want to buy. Whether it will be a stock or a crypto as long as they are gaining some profits into it then well and good. I really appreciate the third point, where diversification is needed to secure the assets that we have achieved. crypto market does not continue to rise like this, so by diverting some assets to other fields, we will still stand without financial hardship |
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The economic resiliency of India can be settled for now but the second wave that they're experiencing might pull that performance that their economy has shown of being resilient.
But it won't always be on that situation, nothing more or less but we all want India to have that recovery first on the second wave that they're experiencing.
Lockdowns and restrictions in movement will clearly have a negative impact on the economy. And from what I have heard, almost all the states have now imposed the lockdown in India. This will worsen the unemployment situation, and cause a further dip in the GST collection. Right now most of the states have imposed lockdown only for one or two weeks, but in all probability they are going to extend it even further. Because no sign of a slowdown in the infection has been noticed as of now. The slowdown in infection that occurred in India should be supported by all groups in the country. if the government is actually already good at implementing health protocols, but vice versa with the community, then this will be ineffective, and of course the impact on the economic sector due to limited movement |
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Will China take over the world with the Digital Yuan? Or will everything else remain the same? Do you think China's Digital Currency will force other countries to launch digital currencies of their own? How long do you think the transition will happen from paper money to digital Fiat?
How exactly? Will the digital Yuan be an open currency for people around the world? From what I have heard it is only going to be used in China by their citizens, unless they will have plans to make it an open currency that people in other countries can access, but I can’t really imagine that happening. Having a digital currency doesn’t automatically make a countries economy to become the biggest economy in the world. China is not the first that has attempted to create a cryptocurrency, there are other countries with failed attempts, china is the one that seems to be successful to me (though I can’t tell you that I am 100% sure). I do think that Chinese people will start using crypto a lot more thanks to this. How do I imagine that happening? Well simply China will have something that they can use to show people how it could work, and they will allow a gateway between crypto and regular life, so you can have bitcoin, then turn it into digital yuan, then use that digital yuan in a store to buy a milk, that's it, one step directly to regular world all backed by government as well. if that happens, it means that bitcoin will indirectly be used as a government-supported trading tool, although it must be exchanged for digital yuan before being used to buy in stores. I hope that in this way many countries will follow so that bitcoin can be used as a transaction tool as it was originally intended |
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There is a saying "Laziness is the engine of progress!" Probably there is a part of the truth in it - lead almost all technologies in the end SIMPLIFIED human life. From the wheel, which simplified a huge number of processes, to computers, which extremely simplified calculations at first and then automate a huge number of processes that we could not even dream of! So, yes, laziness is the engine of progress!  On the one hand, laziness is indeed the engine of progress, but on the other hand, in the case of online commerce, we can still talk about reducing costs as a huge incentive for both sellers and buyers, because if there is an opportunity to save money, then in most cases it can well overcome laziness  The advent of the Internet and its subsequent development, of course, did not and will not destroy offline trading, but it allows you to take a significant market share due to the combination of convenience and the opportunity to save money for the buyer, and not laziness can play a major role. Indeed, with the advent of the internet, it makes everything easier, so it is synonymous with laziness. but actually according to our use of the internet. should be used to improve our performance with this convenience in trading |
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Hello Everyone. I currently trade on Foreign Exchange Market and my preferred style is always "Scalping" which involves fast execution, and gaining advantage from short price changes.Thus, I highly rely on technical analysis rather than fundamental. I just want to know if scalping is practical in the crypto world.
If you really can make profit and comfort, i think just use it. Scalping, day trading, mid term trading or holder, anything as long to make people harmed can be used in trading. Each people have their own way and not be a problem for others. Like me, i can't do day trading, or even scalping, and as long holding made me better, i choose holding as my trading strategy. the main purpose of trading is profit, and everyone has their own style, as long as they are comfortable using it. but for beginners I suggest not to use scalping right away, because it takes up time, thoughts, and psychology. we have to be patient to reach that level, and most importantly practice continuously |
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You can start trading with 50/70$ . You can good research on the top 30 coins of coinmarketcap.com. Invest in 1 or 2 coins after doing good research for a few weeks. You can use Binance, Kucoin, Bithumb, Probir etc. for trade.
indeed, to start trading we must first study the trading performance, so that later we are not in a disappointing situation. I think learning trading techniques will be more important, and after that we just put capital on top exchanges such as Binance, so that our funds will be safe, without fear of scams, and I think any capital is not a problem |
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I will wait until the desired price to reach and will create the trade order near to the actual trading price at the moment, its very rare that I set the price higher than the current price from my experience which I only do when I am sure that the price is in upward trend so its good to go.
But it happens, suddenly the price will start towards the opposite side so you have to wait and wait but if it was me I sill simply modify the order and will be ready to lose small amount from my profits instead of losing my capital.
besides using a strategy like you, I usually divide the capital that I will use for trading into several prices for pending orders, so we can wait on the support support that we analyze, so we don't lose the moment. we don't know where the price reversal will go, but I think the support remains an attractive area to buy |
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alot of people really want to hold but the daily needs of life make them sell off at little profit and solve their needs which is really good. but later they notice the coin they sold cheap is worth enough to liberate them. this kind of occurences are painful but its really not his fault. this brings me to the question of maybe holding is for the rich who can afford to buy and forget. ? lets discuss this, thank you.
It is actually easy if you know what you are doing and have proper knowledge about the market. You buy, store it somewhere safe, forget about it for years and then after few years have a look at it. It shouldn't matter if the price falls when you are holding, after all you invested what you could afford to lose right? If you couldn't bear the loss, why would you even invest in the first place? Moreover, keep this in mind. You don't sell, you don't make any loss. It's easy if we don't see the market, then we won't be psychologically disturbed, but what becomes a problem when we know the news and remember that we have these assets. and finally we open a wallet, and unconsciously it will disturb us psychologically |
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I think in this case you are ready to hold for an indefinite period of time. don't let a crash like 2018 make you panic. I really appreciate your persistence, and you are not tempted to sell even though it has been a fantastic profit. but don't let this happen because you are greedy
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Why not use microsoft exel so you may track down your original capital and monitor your profits? It will also serve as your tool and portfolio if you will make one.
I know someone who monitored his investment by simply making an exel with all of his buy and sell activities. On top of that, it is not hard to update it once in a while if you wanted to add some bitcoin again to your Nano. As long as it also included the price of btc when you bought it so you'll gonna know how much % it increase.
its good idea when we make a note for every single trade,we could analize what mistake we did and how to improve it. statistic very usefull when we use it correctly. in our note,we could add reason why we open transaction. personally i am not too care about comparation between gains and loss. i am always concern on risk and reward ratio. it make me survive in market if we have bigger target profit than losses. for me progress can be analyzed every month our achievements. so that our income every month has developed according to the target we planned. if the percentage is a lot of loss, it means we are losing. but the measurable risks will still make for a healthy portfolio |
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I absolutely agree with everything you wrote. It's just the absolute truth. People start using cryptocurrencies based on the testimony of someone who bought when the price was really low and sold when at a higher price to make profit and they think it's just a matter of buying low and selling high. They don't even understand how that works in itself. You should, however, know that just like with cryptocurrencies, it is the same with every form of business. The rich would make more money because they can afford to buy more units of the same goods and can take more risks. That's not just some cryptocurrency thing. It's the same everywhere. It is to find that more rich and influential people are not engaging in crypto. I don't know if they will consider this risky but these kinds of people can really afford to lose their money so it wasn't a big deal for them. But I don't think that will be in their mind, they might be thinking the positive and making this market another source of their wealth. every rich person has their own thoughts and not all are involved in crypto. I think they still use market laws for those who do business in crypto. With the large amount of capital they have, it will certainly be easier to move the market, and there will be fomo with widespread news. After Fomo happened they easily made a profit |
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Do remember to take your profits and enjoy them because if you won't, then the markets will eat your profits and leave you with nothing. I learnt this during the previous bull run and as you're currently entering the markets during a bull run, remember this that once you've made 2x, take out your capital at any cost and just trade with your profits and with every 2x that you make, take out 50% from the profits made and keep the rest to trade them as additional capital. It really helps and if the joy of spending those earnings is not experienced, what's the benefit of trading and making money? most of us be greedy when they look portofolio value increase alot. they still believe price will continue to climbing , and till in a point everything pullback . profit that should closed now to be losses. i am always take my trade initial balace, and let profit running for long term. so only my profit that used for trading and ifeel comfort with this startegy. greediness is one reason why many traders had suffered losses. They are not contented to ear small amount but wanted more and more. I know that most of us have sometimes to think that way but in such a way we need to clear that mindset as this could only ruin our plan and might put us into losing everything we have. Though we aim high and big profit but then, we must also know about being contented. greed is human nature, and I think every trader will certainly experience it, especially at the beginning of entering the world of trading. but what distinguishes each trader is how they regulate their emotions in themselves, even though they use the same trading technique, the results will be different for each trader, because they have different psychology. |
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Hello! I'm a newbie trader, and I want to know if investing in crypto is a good idea. Now it became very easy, for example, you can buy crypto with a bot or your credit card using such services as changelly or shapeshift. However, does easy means good? Should I buy crypto now or it's too late?
It is never too late to invest in cryptocurrency, because the price of cryptocurrency will definitely continue to increase all the time and it will make you still be able to get a big profit from investing in cryptocurrency at this time, so don't hesitate to invest in cryptocurrency or you will regret missing the opportunity to get a big profit from investing in cryptocurrency. That is right it is never late to invest in cryptocurrency, indeed it is better to invest in crypto at a low price and sell at a high price. But l think you have always a chance to make money. Overall as l said investing in crypto is a great idea, but you should learn something firstly like making research, analyze, and definitely being patient. If you can make enough hard research about the project that you want to invest in, no doubt you can make money. it is very easy to make money in cryptocurrency, but we must be good at analyzing so we can choose potential altcoins. Moreover, with the possible increase of up to thousands of percent, even small capital can increase large capital and this opens up opportunities for those who have the guts and intelligence to get rich quick. |
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just wait for sure bitcoin will definitely go down but whether that's when the correction will definitely happen, it's just waiting for bitcoin to go to $ 60k-62k in the near future seeing the movement so fast that the downturn of the support area actually occurs at $53k does not rule out bitcoin will rise higher if the market attractiveness is higher this is the right opportunity to buy bitcoin because the price has gone down if you have large capital it is better to buy bitcoin than altcoin because bitcoin rises and falls faster.
If you look at the speed of the rise and fall of coins, I think altcoins also have big fluctuations. but by trading on bitcoin at least it makes us safer, actually if we can analyze altcoins, this will be profitable too. but still for beginners I recommend choosing bitcoin in trading. it remains only to wait for the current correction price and we can sell it at a higher price |
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There seems to be (have been) another factor at play here, that of altcoins. The last few weeks altcoins have been performing a lot better than the Godfather cryptocurrency, and folks were feverishly selling into the Bitcoin support (while it was there) so that they could get the dough to join the altcoin rally Then it backfired massively  Remember, every bullrun ends with a bulltrap I would sort of agree with you but that's going a bit too far isn't it? I mean by the logic of the image we could say that there is a tramboline or something which is a huuuuge one where every bull falls waaaaaaaayyy down and then they fall to the trampoline and jump back up. I am not saying we will never have a crash, it could happen, you could see the start of a huge bear run right now that sees bitcoin going all the way down under 30k, all of these could happen, I can't argue against it. However we can't say that it is the end of it all, it is just a crash and just like every other crash we had so far I am sure that it will result with another bull run, maybe in 6 months, maybe in a year, or maybe 3 years but I am sure that eventually we will go back over 64k guaranteed, it may not be right away, it may take years but that will happen. This is why the image is sort of wrong, it represents basically an end, this is just the road, we go up and we go down. if I think in crypto anything can happen. Indeed, the above statement is not wrong, after we experience bullrun, it ends with a bull trap. we know very large volatile, with large price corrections as well. but in me bitcoin will continue to rise and form new peaks, even though a major correction occurred |
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Banks do not have the right to close crypto-related accounts because this state does not allow it. Closing a bank account damages the interests of citizens of this country. I believe that the Nigerian bank's job will be over soon until the government enacts crypto regulations.
for the implementation of the crypto, I don't think it's as easy as turning your palm. especially from the government that wants to shift fiat. we know that the applicable system is different, so it needs a lot of consideration from the government |
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These are the major steps for selecting a project for investment. We have to follow these steps before investing in a project. Our investment is very valuable and we cannot put all our investment into a bad backet. So, selecting a good project for investment is really very important task.
investment is not gambling so we have to do research in the order listed above. with the increasing number of references, then we have many views, and of course the last one we have to personally determine the steps. |
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Working hard is essential especially if you're aiming for something. Why would someone stop working hard if he wants to achieve his dreams and understands the risk that he pursues upon investing in bitcoin? Instead, I'd say that only invest what he can afford to lose and keep working hard to achieve their goals. Someone who works hard can decide to invest big portion to cryptocurrencies if that's what he wants, the other reminder should be DYOR before releasing his hard earned money into it.
sometimes success occurs after we experience various failures. Likewise, investing in bitcoin may be a lot of pressure to make a profit at first. but rest assured that all efforts will certainly get the results commensurate |
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I always say stay in any position even if you fail to trade. because running will not return our profit. so my advice is to take it slowly and learn from mistakes so that we know where our mistakes are so that failure befalls us. so I thought don't run and fix the mistake
Trading does seem easy, but there are many things that we have to learn, there is no history of a professional trader in the first place to be successful immediately, of course they go through a complicated process. I personally also like you, study and learn to achieve success |
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