I don't think that the Bitcoin prices will fall below $50,000 level in the future. In the past, we had major corrections on two occasions (first one in 2015-16, and the second one in 2018-19), because there was widespread panic selling among the individual investors. But now the investors are aware of this volatility of Bitcoin and most of them are unlikely to liquidate their holdings even if the prices fall. Also, the entry of institutions will prevent large scale dump of Bitcoin in various exchanges, as they are looking for long-term hold.
Part of this prediction is true, as recently, a lot of organizations, from the public to the secret they went into and invested quite a lot in bitcoin, that makes the correction of bitcoin no longer as strong as it was in the past, instead, there are small collapses and in return there are long-term advancements, therefore, waiting for a golden opportunity to buy back will be quite rare. The situation is not optimistic for those who want to buy at an extremely low price but crypto often has surprises, sometimes collaboration between financial institutions can also create this giant correction |
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When COVID arrived in our country many people lost their job and closed their businesses, some people can't buy or invest in crypto, they rather choose to buy food than buy crypto. while some people still at this point in time of financial crisis opened the door of opportunity for study, research and for people have money they invest in crypto because now that they more time to study it, and learn form it because of lockdown.
Well, during the financial crisis, crypto is definitely not going to be the focus of the world, people will need economic stability and have a more stable source of income, instead of choosing to develop investment, income is very scarce at times of crisis, so the scope of use needs to be considered but agree as you say, inability to invest but people have a greater desire to invest, crypto has always been a topic of the investment world. As soon as the financial crisis begins to end, with many signs of prosperity, crypto will gradually have more value in life and investment. |
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[snip]
I'd rather have to choose trading which I know myself that I can improve my skills and knowledge to make money without depending on luck.
Well, you have a point there --trading is less risky and I think also a lucrative one. Because for me, gambling is based on luck that the chances of winning will perhaps very slim while trading there are chances that could be your skills and knowledge will improve. However, there's nothing different between them when we talk about risk but if we are talking about improvement skills and knowledge there is a possibility that it will be improved. Disagree when talking about risks because the risk in gambling is that you will not receive a refund when you lose while trading will refund some of the money you invested, especially you can control the process very closely, frankly you will decide how much you can lose, so if you say the risk of making no distinction is a big mistake. A system that invented methods for withdrawing money from people, a system created based on knowledge and thinking to make money, maybe even partial capital withdrawal after failure, it is clear that we were able to come up with the best choice without further thinking |
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With the right mass adoption, anything is possible.
yes, everything is possible, but not with ripple mate in my opinion, its hard for this coin to reach $5, its better to find another altcoins to invest such as chainlink  If Ripple wins vs SEC, XRP will shoot past $10 in a day Definitely not gonna happen. if XRP wins against SEC it just proves that they are somewhat legit but doesn't necessarily gonna hype the market up not to mention $10 in a day. Best scenario is ripple going to $1 again following the bullish of crypto market, other than that feels kinda dreamy, not to mention top market also already dominated by ADA and BNB. The chances that Ripple can win the lawsuit are probably very optimistic as more reports suggest that Coinbase is looking forward to listing Ripple once again, there is no additional confirmation but at least with such a positive news, Ripple can go as much as $1 as you say when the altcoin market is starting to move strongly. But in order to achieve more positive prices, apart from confirming this information, Ripple needs a lot of capitalization, their output is too much and growth will be very slow, competition between crypto networks and racing for technology was also fierce during this period |
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following Elon Musk is the same as we are gambling because surely you only follow the existing Fomo. do not do technical analysis. Of course this will be detrimental because several times in his tweet Elon Musk said that the current doge price is too expensive. It's better if you are interested in following, avoid altcoins like this which currently have high enough hype, because it will only hurt if you sell late
With the exception of social media viral and the short endorsements there, Elon Musk has never really made public his wallet and the amount of money he invested, the endorsement was not reputable enough and it almost changed according to his feelings. Exactly as you mentioned, avoiding these altcoins is less risky, although it may be as profitable as was the case with Dogecoin lately but we are not lacking in instances where there is a great loss after the hype ends, it is very difficult to control greed, profit and risk here |
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Trading has become an activity that is often carried out by cryptocurrency enthusiasts, when you hold coins you are indirectly required to understand how to trade, at least how to sell and buy on exchanges is general knowledge that every cryptocurrency enthusiast must have.
But as the cryptocurrency ecosystem develops, there are lots of trading signals that eventually make many cryptocurrency enthusiasts who have no experience or knowledge of trading try to trade in order to find daily profits.
In your opinion, can someone trading without experience or knowledge?
It is possible to trade without having any experience or deeper knowledge about trading, in fact, I've done it myself before when I was starting and yes I got lucky even made some profit way back then. I bet there are still numerous people who are trading without having any knowledge. However, it is all up to you if you can handle the risk because not all the time you will get lucky that is why in trading you need to study each and every possible outcome, you need to make your TA. I'd say trading signal could help but not all the time. It is not recommended but yeah it is possible but you should be aware of the risk you are taking. Many investors are still the victim of lack of experience and knowledge but hopefully after they read the references here, they will add their limitations and learn more, the essence of trading is not too difficult but it is essential to know the right approach and solve the most effective trends. Especially wanting to be profitable at a daily rate will be more and more a learning process, update changes for each season to create the right strategy, can't close your eyes and make a mess, random chance exists but not high |
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It's not easy now to find good ICO projects, because it is very different from 2017 when at that time there were many ICOs that could provide
large profits. Meanwhile, this year many people prefer investing in old projects with clear track records, rather than taking the risk of investing
in ICOs. So my advice is that instead of investing in an ICO, it's better to invest in top altcoins which are much safer. I myself, since so many
ICO projects were scams in 2019, I have never invested in an ICO again. Even though I want to invest in new projects, I prefer investing in IEO.
ICO is the phenomenon of one season but after fulfilling its responsibility to the market, it is completely retired and not talked about from time to time, partly because of insecurity and not making a profit, another perhaps due to emerging phenomena, which very quickly beat ICOs in many different ways, from safety to investor returns, the new phenomena provide very thorough. Honestly older generations should ignore this past and pay more attention to new names like Defi and NFT, they are the key characters of this season. |
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It depends , it could make it better or it can make it signifantly worse. Have you seen those traders who are sitting by their computer all day long and trading btc all day long? I think there even is a Vice documentary short film about this topic. I dont think that dose kind of people are happy. But those who saw the opportunity before BTC took off and invested, defintely it has made their lifes better  Well, bitcoin is just an emotionless system, it does not determine the future of someone, instead, it gave them a chance to decide their future, some people get worse when they go on a long daily journey with bitcoin and do not make a profit, days go by, their health and money will be lost while some people just need to see the key points of the investment Bitcoin then invest, wake up one fine day and their lives are getting better through bitcoin. Obviously, our thinking will affect our lives a lot, not just relying on bitcoin to change, the most important thing to change is we. |
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Stable coins will never replace fiat currencies in the future unless it is being issued by the government themselves. I always believe that the finance system is moving forward to digitalization but I never think that the current stablecoins issued by non-government organization will be able to replace fiat currency since finance is being monitored and approved by the government and without their consent and approval it won't go far from where it is right now.
Indeed, stabelecoins can be said as a copy of Fiat and of course, the copy will only be used in certain places that accept it as the crypto world, some e-commerce sites but in the end, when bringing copies and comparing them with the originals, Fiat is still supported more by permission and authorization from the government. Maybe in the future, the government will have a better view and allow stablecoins to go hand in hand with fiat, but at least they need to manage everything before they are officially announced. |
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Do you often meet a trader who is successfull and feeding himself and his family just by trading crypto?. No… (maybe you do as you are in this field, but in overall minority truely end up successfully). As long as there is a possibility to learn before going into, I think have many other options than crypto trading to learn. You should not treat it like a hobbu if your ultimate goal is earning out of it, it's a job in this case. And like any other job, you have to train in order to be good at it. I believe crypto trading is not a solution to unemployment (at least right now).
That you were right. We can't consider this as a solution for unemployment but we can't deny also that many traders and succeed and feed their families from trading. They are just quiet and silent that is why we never hear them screaming that they got a lot of money from trading (and don't think it is a need for safety purposes). Consider those number of users and investors now, this might give us the hint also the crypto trading and the number of traders are also growing. This means that many people are engaging to trading that could help their life better as of before. Well, considering this a solution for the unemployed is really not so optimal when the reason here is not the low success rate, the reason here is the timing and rotation of capitalization, a person without a stable job and income will not be able to fulfill their full potential here, even they will consider this a gambling game when they are too little time to choose. Crypto trading hints are only for those who want a better life when their capitalization cycle is relatively good, they will have time to define and wait for goals |
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Ripple is the trap and many people lost valuable asset by investing on XRP. Personally, I bought a large number of XRP and I lost huge money there. $5 is still far more for XRP. I will suggest you to buy ADA if you want to get huge profit.
Honestly, Ripple or ADA are both cryptocurrencies that slow down our capitalization, more precisely when we invest in both of these options, we are against a very long and tiring wait for a return, that may be months or years, sometimes all other altcoins have gone very high, ADA and ripple still did not appear to have an associated reaction. And each time both begin moving, level of profitability is not optimistic, the set goals can be achieved over time but overall, it will not be as good as participating in other altcoins, their vitality is stronger than these frail old men. |
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Because you can't ignore bitcoin and other cryptos. Like you can't ignore your future. So how can you ignore bitcoin and others crypto. Because bitcoin is future brother. So i want to ask you don't you want a best future for life. If answer is yes. Then now question is how can i get a better future. The simple answer is by knowing that which could be future. And which thing that is now undervalued but in future it will be the best valueable for us. Then the way, thing, method, platform whatever you can called and that is bitcoin and others crypto. So i hope you got your answer which is if you want a better future then you have to choose a future module which is bitcoin and crypto sp invest and wait for future. Thank you.
What makes you think bitcoin is the future? You know that if something better than bitcoin or a technology that surpasses blockchain comes out, bitcoin is probably not going to be the "future. Or lets say a new tech comes out that is able to break blockchain, then all crypto currencies are going to be obsolete. I mean, this won't actually happen, but it might. Maybe like after a century or so, but eventually something better will be discovered. Technology is always advancing at a fast pace. Bitcoin is currently best suitable as a store of value or not as a regular currency. Every morning when we wake up, technology appears more unthinkable, so Bitcoin can become the past and the future is just what happens in the blink of an eye, many people try to keep bitcoin for the very distant future, they have ideas and plans but they don't understand how risky this is going to be, they forget that this is an era where technology will be defeated and replaced. Investing in bitcoin and other altcoins for the simple reason that it is profitable at this point, very fast and lucrative, a fast train can strengthen the future, that's what I think of the crypto community. |
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This kind of thing like groups giving signals commonly happens on the group like social media and mostly the members of this group are sharing their experience and mostly the newbies come out to join here if they don't have a knowledge they become dependent on the decision of other people which is not good I think the first thing they let their money decide on the perspective of another trader, second they make an investment or trading to the broker they are using without essential knowledge and there are lot things but good if they just come there and gather information for their trading not to follow trading.
I'm sure they know the risk of just depending on someone they don't really know without having any knowledge the fundamentals of trading. The person giving the signal has also a responsibility to maintain his reputation if he wants more people to subscribe to his paid signals. I can say these paid signals are worth to try if you can really afford it. You are paying their experience and knowledge in trading. Just make sure that you can earn enough to maintain your subscription before it expires. Of course they know the risks of relying on other people's thinking to make money but most of these people have had some time to experience and suffer in trading, they even failed a lot and lost a considerable amount of money, by comparison, they probably understand that they are freelance more risky while if they join a paid service with a reputable merchant, their success will be higher. It is no coincidence that many groups of signals are generated and attract investors, the plan is that both sides are profitable, one is knowledgeable and the other has capital |
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Online education has been running from many years ago, but usually its only for university level. I think with these corona virus we are heading to online education for high school. Even though its not good idea, high school kids need to go to svhool and play with their friend, doing a social thing.
not many years because there is no internet and computers before and by the time computers and internet were introduced , the connection was slow and quality of video calling is verry poor but now all was changed dramatically . corona era is a booster for online education . you can still play with a friend online and do physical activities I just feel this pandemic era creates more passivity for the students, the online education method makes them lazy in all matters, instead of working hard to have lively discussions in class, they mostly sit in front of their computers and listen to old and unreal theories. Nany also think this is an opportunity for the promotion of crypto investment and blockchain technology but humans are unable to communicate with each other and understand each other more through such methods, face-to-face and exchange will bring about a greater amount of knowledge |
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Full of frauds and scams around. After the pandemic those who were hit bad by the it are risking their savings hoping to re-gain the amount of money they lost due to unemployment and such. A friend of mine, lost around 0.25 in a scam lately (it was a doubling site that' is now offline.)
These are tough times for good people who will be targeted by these scammers knowing that now it's the moment in which they are more fragile.
The vigilance level should be pushed to the highest level during this time because the economic situation of the regions of the world is not so good, many businesses go bankrupt and are delayed in paying their employees, economic deprivation forces many to step into dangerous paths in gambling, unfortunately, many gambling and profitable websites use this mentality to trap many people. Some websites are also very reputable but in general, these businesses and organizations will not give us a chance to beat them, the only way is to invest and trade. |
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I have not seen a cryptocurrency generated by ADA smart contract and have not heard of smart contract implementation on ADA.
ADA is not able to compete in the long term with ETH as it is not capable of creating ecosystems like ETH.
It takes a long time to see the crypto markets work, so maybe let's keep both ETH and ADA.
ADA is relatively quiet and keeps their relationships and contracts confidential, that makes them unable to impress the crypto community and their value will suffer a lot, if they truly provide valuable information, everything could change and they could compete with ethereum. However, as far as I know they have no official announcement yet while ethereum is on the verge of their latest release, as soon as this release is successful, competitors such as ADA will run out of opportunities, appreciate focusing capital on ethereum rather than ditching a bit on ADA |
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For me myself, i will just keep my bitcoin instead of buying tesla. First, i'm not a fan of car, like, i don't really care about newest car, new technology in car etc. Of course i know electric car is great, and better for the environment. However, instead of asset, i think car is an expense. The cost to maintain it, the cost to charge that electric car, and another unexpected cost that might happen, which of course is not cheap at all.
But, bitcoin in other hand will or might keep increasing if we hold it, a bigger profit for me. However, i think for some people, buying tesla using bitcoin might look cooler for them, and great for flexing as well lol.
Most people will vote for holding, instead of exchanging Bitcoin for a Tesla electric car because car technology will evolve very rapidly every year, the Tesla electric car will gradually decrease in value in the following years, even when we sell it, our capital is not recovered too much, wasting money in such a way is not good. While on the opposite side, although bitcoin may also decline, overall the yearly trend is still a slight increase, as long as we have enough time with it, bitcoin will always promise to create the profit is quite good |
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trading using BOT I think it is very risky and unfortunately no one can guarantee the profit that is obtained so in my opinion manual trading is very good instead of using a third party application will only get you a high risk, or if you still want to do that then can try it with a small capital so that when you lose it will not make you regret it.
Bot trading is only used to seduce naive and ignorant people, the pictures of Bot profit are too attractive, only a few minutes of lack of knowledge and investment, the result was only lamentation of loss on social media, outdated data and outdated calculations, how it is possible to overcome the trading wall with so many factors. It's good that the trading bots have faded and ceased to appear but signal groups have added to that void, some people don't understand how dangerous these options are, they need to be foxes and wolves, instead of sheep in this market. |
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I prefer gold much more than crypto. The difference is quite clear because fundamentally gold has existed for thousands of years until now. while crypto is still new and hasn't existed 100 years. crypto is fraught with speculation and could experience a fairly rapid decline at any time. in many countries gold has been accepted as an asset or an investment instrument. Indeed, currently the bitcoin market cap is quite large, but this investment risk also needs to be considered
But do you feel it is strange that your analysis is too easy and almost everyone can do that but why the majority here still believe in crypto more and refuse to participate in gold, even if participating in gold, the number is so few, they don't worry about risks or they don't understand crypto. Both of these reasons are definitely inaccurate because no one dares to invest in what they don't understand, they understand crypto and its profitability, they care more about the chance of riches, instead of a normal life with gold |
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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?
Not quite sure though unless it is someone who held his stash in a wallet and forgot his keys or something. In my opinion, there's no one can hold that long because I believed that as a person or investor if they saw an opportunity to get a huge amount of profit then they will definitely grab it without hesitation so I don't think they can pull it off. However, if someone really did it besides satoshi himself then that is commendable, if you will calculate that it for the current price we have now that would be an overwhelming profit. But I guess someone can now able to pull it off because investors have now more confident. Well, I also think that except for the creators of bitcoin and the unlucky ones and forgetting their wallets, very few have been able to hold bitcoin until now because the current situation is really only present in dreams but unfortunately no one believed this dream could come true, some missed the chance, some used bitcoin in exchange for a few pizzas, some sold bitcoin very early, lots of causes and effects here. The success of bitcoin is the cost and regret of many generations but fortunately we can still continue with bitcoin, the journey does not stop here. |
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