Ofcourse. What will help Bitcoin remain competitive is its uniqueness, such as decentralization and its other important ideals.
It's actually never a good idea for a Decentralized Network like Bitcoin to compete with them in centralized manner. Better it becomes decentralized in most things it does. There are lots of people who will definitely choose Bitcoin because of the decentralization... if they need centralized coin, they use the Central Bank coins.
I strongly agree. many people choose Bitcoin because of its decentralized nature. which means we are free to control the money we have without anyone controlling it. So, I think Britcoin will still be unable to compete with Bitcoin. besides that, with the increasing number of large companies adopting bitcoin, of course it will foster the confidence of other investors to join, so that the growing development of bitcoin as it is today can have a big influence |
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Yes it is possible but nor really possible in the practical life.
Why people are poor because they don't have money so they need to start working and anyone can work even though completely paralyzed people made money with their brilliance so anything is possible.
Then they need to multiply the money they made or else they have to keep working forever to keep their income source.
besides that everyone has their own thoughts. therefore I don't think there are lazy people who are rich, while lazy people must be in life. On the other hand, of course there are people who have an unfortunate fate in terms of the economy, so that even in developed countries there must be poor people, even though the number may be pressured by the government. |
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There is still opportunity to be part of this great profit that is still on going in the market, if only you can still hold your coins and watch the market very well. Despite the price of bitcoin dropped few days ago does not mean it will continue decreasing in this season. According to some researchers, bitcoin will hit $80k soon before it can allow any altcoin to over the first position in the cryptocurrencies.
The thing is, 'researchers and experts' are sometimes guilty of causing misconception for newcomer investors, Bitcoin could well get to 80k and even over, but this 'experts' are only being speculative, but then go on to make their predictions assertive, this sometimes causes people to 'invest more than what they can afford to lose', or sell in panic when there's a price correction. Having said that, all one basically needs to do is believe in the network, study it's historical price movements, research on your own and don't associate Bitcoin only with 'great profits', the Bitcoin network/currency is more than just that, but people only want to be allured with promises of wealth. These so-called experts can say anything they want, but it is up to you how you will manage your portfolio. Are you going to believe whatever they will tell to the public? They are also ordinary people giving some predictions. So it may or may not happen. As crypto market is very unpredictable because of so many factors affecting it, no one can really give you an exact market pricing. Now, it is up to you how you strategize to take advantage of the opportunities. You may lose some, or win some. Either way, it is better to follow your own instincts as it is your own money. following my personal instincts and referring to the opinions of others, I think that is the best solution. because then we will find a trading style that suits us. but indeed to be able to analyze properly requires process and experience |
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thankful that you have a technique that can still be used today. In such a situation, we must be able to work smart at reading opportunities, for now I can only carry out trading strategies technically, while fundamentally I have not mastered it. so that sometimes floating happens
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things like this are a common thing in the world of crypto trading. psychological weaknesses are exploited by whales for maximum personal gain. therefore I agree, behind the tantalizing Fomo, it becomes a hidden enemy, and we must be mentally prepared to face the possibilities that occur.
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the world of trading can sometimes be said to be cruel without mercy. but I think the main thing in this position, is humans who are obsessed with the success of other people and want to get money quickly. therefore, first learning about crypto is needed. and for now, I think you better cut loss. because I see your psychology is not yet established, and learn first with your free money, so that psychological pressure can be suppressed
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risk management for a trader may be difficult and needs to be looked at. but believe in trading to be able to get a profit we don't always have to get 100% but it's better to get less but regularly. So I think your risk management needs to be applied and try to expand your thinking if in trading there must be a minimum percentage of profit, not just a maximum profit as you are worried.
Risk management never gives you a hundred percent assurance that you are in profit all the time, this toll just helps us to guide what could be the best thing to do especially when making decisions. But of course, can't be all in perfection, we can't avoid lapses as we are a human being, it sometimes we have been badly affected by our emotions causes to failure. Whether we like it or not, we can't avoid such a thing and that is more challenging to our part on how to minimize. like we play horse racing, I don't think all bets can be won. therefore, in my opinion, management is very important to anticipate losses so that they do not get deeper. what we need to remember is that trading is a probability, so we also have to take into account the risk |
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whether we can take courses not starting from scratch or basic. or I mean we take courses according to personal needs. does this mean we learn to trade short term?
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We are already in to the 5th month of global vaccination campaign and till now only around 2% of the population has got themselves fully vaccinated. And the vaccine manufacturers themselves are saying that they don't have the capacity to increase the production considerably. So at least for this year, I don't expect the vaccination to eradicate or even contain the pandemic. And another worrying fact is that the vaccination needs to be repeated after ever 2 years or so, as the antibodies won't last for more than 12-24 months.
If everyone who has been vaccinated had to repeat it every 2 years or so, that would mean humans would depend on vaccines to increase their antibodies. Could this vaccine make the human body unable to produce antibodies naturally to prevent disease? @Abiky, I agree that the government should focus on improving public health first before focusing on improving the economy. Although both are very important, health remain a priority. There is no proof that vaccines make it difficult for the body to produce antibodies naturally. Right now we don't have any other choice. Once the pandemic is controlled, there will be no need to vaccinate everyone. But that will take place only after at least one round of universal vaccination. More worrying is the fact that the virus is mutating now. South Asian countries are reporting more deaths because a "double-mutant" variant of the virus has been spreading among the population. We need to vaccinate everyone and contain the pandemic, before the virus mutates further and becomes more lethal. I think in terms of vaccinating it must be done simultaneously. thus reducing the space for the virus to develop. because at this time activity has started to normalize, it is feared that the virus will still be easy to reproduce |
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Bitcoin is surprisingly environmentally friendly, as opposed to what most of the people think. Individual Miners may definitely use their in-home internet which is then again derived from fossil fuel burning, but large mining rigs out there are using greener and more efficient ways to tap energy, like wind and solar energy for instance. This rally bitcoin is making may actually help onboard the industry into switching to renewable energy resources in the future.
There are many development of energy resources that are currently developing, by utilizing them from nature and returning to nature. I think large-scale bitcoin mining is not a reason for environmental destruction, especially since there are still many that are more widely used than mining |
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There is a possibility to it to happen considering that virtual money is more accessible today and they safe specially now that we experiencing worldwide pandemic due to covid19 and instead of bringing a lot of money or what, they would rather prefer to use it...just as they were planning to have a one world currency there is also a one world government which would take place in the future.
along with the times, the intensity of human activities is getting denser, as if there is no time to do various activities. therefore with bitcoin, I think it can streamline one's time in terms of transactions |
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If the stock market begin to rise again, this is very good news, we have other options for investment. But because I am satisfied investing
in cryptocurrency, I am not interested in investing in the stock market in the near future. Moreover, the performance of cryptocurrency this
year is really beyond my expectations, the profit I made is very much considering the price of Bitcoin which continues to rise. And also some
altcoins this year are also very good for investment and can provide big profits. So I am more focused on investing in cryptocurrency for now.
Many bets on the positive correlation of the stock market with respect to the Bitcoin market, and they see many advantages if the stock market recovers, but I think that both markets are going at different rates, although the market after being stagnant for a certain time, Bitcoin had a rapid recovery with the fundamental "Covid -19" and the virus is still in force, so much so that new strains and new mutations have been activated that are putting important countries in Europe and North America into contingency. Even panic can invade many investors and suddenly see a sell-off of stocks, it still cannot be said that all danger has ceased despite the vaccines, for now Bitcoin is the one that is showing that it is in a better position than the stock market. . bitcoin is currently making headlines in the stock market, because of its fantastic price increase. this makes crypto the favorite trade. but we also have to study its characteristics first before deciding to invest in it |
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It's always compared to gold years ago and the first one was digital gold or new gold in this age. And for those old successful investors, they really won't be able to catch up with the tech stocks because they're living traditionally and don't understand what's in it.
I guess after just a few years from now, with all of those negative statements from these popular and successful investors who have said negatively about bitcoin, they'll change.
Exactly, they are just putting in action what they are saying, don't invest in something that you don't understand, honestly, we don't really need to hear their opinions about bitcoin because it is going to be the same old thing that they are going to say and I don't think that they will change that and if you are following them then you should probably stop investing because you don't think for yourself and you always seek other's validation. We don't need their opinions but it's always the media that are publishing every word they say even if it's a nonsense thing. The media is the one to blame because they know that it will get their attention if they're going to do that against the bitcoin community. Also, they are public people who'll have media to cover their words everywhere they go at any time. That's plain silly. The media reports what they say because it's newsworthy because of who the are and what they've done. Their opinions aren't nonsense because you disagree with them. I don't know why this community gets themselves so worked up over Buffet and Munger not being fans of bitcoin. Y'all gotta let it go, it doesn't even matter. I think sometimes the news seems to deviate from reality for some purpose. and of course, with the news it will affect the psychology of traders. therefore it depends on us personally in filtering out the news that really happened |
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besides that I can say that stablecoins are useful for transit our money if you don't want to trade within a certain time. therefore with stablecoins as if to protect our assets from price fluctuations
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why we will believe you when some of you said are not true and clearly you want eth and top altcoins for people to invest and not in bitcoin but even if we will explain here the advantage of btc and the disadvantage of eth and altcoins you wont still believe us but no worries because people here are nice .
we do have eth and top altcoins in our portfolio because this makes us earn earn aside from btc . hope this makes you happy
Yeah let's just leave him there we all have different preferences upon choosing where to invest. Some folks find it more profitable in Bitcoin, some find it more profitable in altcoins, and some are both preferred to invest in both of them. We don't need to insist our idea onto someone because they have their own. Each and every coins whether it is Bitcoin or Ethereum they have their own advantages, disadvantage, therefore, they couldn't be compared as they also have a different use case. Personally, I find it more profitable and safe if I will hold not only a single token, specifically Bitcoin and ETH. everyone does have a different trading style, and we cannot blame it, the most important thing is our goal is the same, which is to make a profit. On the other hand, the objects for investing are also different, some like BTC, ETH or others, of course they have their own experiences about the characteristics of these coins |
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I've been in trouble and now I have a lot of debt Can I double my capital in two months because if I do not pay I will die or be imprisoned Please help me I think I am a professional but I am nervous now I can not trade well  You can double you profit or more in a month depending in the coins that your gonna buy in the exchange site platform. But if you choose the wrong alts I am pretty sure you will loss your assets here. Now, I don't think you will die if you didn't hit your your target earnings in a months, but possible you will be imprison. We don't know the deepest reason why you will be imprison, but surely there might be a valid reason for this. But anyway, good luck to you  indeed it is very possible to multiply assets in a short time. we can see, for example, like yesterday the doge experienced a significant increase, and if we were trading the previous day, then within a day we have met the target. but indeed we have to take into account the risks |
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The listing is very good except for stablecoins, it looks like he made a mistake here.
People don't use stablecoins to invest, they use stablecoins when they want to preserve their assets.
if you really want to invest it means we do it for the long term and expect an increase in the value of the assets we invest. I think stable coins are not the right way to multiply our money. we must choose coins that have the prospect of an increase in price later |
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We all have our own resources for studying Cryptocurrency, you have to follow the cryptocurrency blogs, YouTube and Bitcointalk , for sure you will find many courses, you just have to strive to get the information.
many resources can be learned to understand bitcoin. as long as we want to learn continuously, of course we will be able to understand the characteristics of cryptocurrency, so that we can use it wisely. indeed from this forum alone we can find a lot of knowledge about crypto |
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Banks are bad. They get money from your money and give you a little portion of what they get. You should've know that by now especially that institutions like banks are the worst out there. Meanwhile, BTC's volatility is quite reliant due to the fact that its price is going upwards throughout the years with a magnificent return of investments.
both have different characteristics, but with our BTC there is also a big risk consequence. indeed currently btc is on the rise, but we can see the previous year where btc dumps, and a lot of people are frustrated. I think both of them have their own positive qualities |
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I thought the country wanted to go digital in their currency to fight inflammation. If Petrodollar has failed, why not the country adopt bitcoin as a major currency alongside their dead fiat to fight inflammation?. I understand the country has a major political crisis and riddled with corruption. Printing more fiat won't help the nation move forward.
In the past, their fiat currency had no value, so Venezuela uses cryptocurrency. Apart from the political crisis, Venezuela is slumped by the fall in oil prices that has occurred, so with the current advancement of bitcoin, hopefully their country will continue to grow. |
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