Bankers and their management may have their own opinions about cryptocurrencies. As a rule, this opinion is negative, since the cryptocurrency is a direct competitor to the banking system.
I am most interested in the position of the legislators of this country and what regulations are adopted in Nigeria in relation to cryptocurrency.
I don't think their opinion is negative because most countries in the world don't accept crypto, although this situation has improved over the years as crypto offers value and economy for users and countries but apart from these positive benefits, fraud and illegal issues also revolve around crypto a lot, and the key to this story is deadlocked when the security of crypto is too great. If crypto is considered as legal currency, this situation will be more serious, governments of countries are never negative, they just want to protect their people |
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I hope your journey to the cryptocurrency will be good and you will earn a good profit. Because actually the idea of quitting your job is bad idea for me because there is no assurance that you will earn more money in the future because market is volatile and they have time you will get a good profit and they have time you lost so better also to having a job so you will have double income so incase you lost money in trading you still have job and you will earn salary which is regularly.
In this topic, we always see a clear distribution between those who are adventurous and those who prefer to live in a safe zone, and we are both part of a group of people who like to feel safe and don't like to take risks because we don't have enough confidence in our knowledge and experience, one failure is enough for us to become discouraged with this full-time job. Fast profit has never been equal to a steady job, with a steady salary every month, we can comfortably and afford to invest while full-time with trading is very stressful, every day we have to think of ways to make a profit with any market state |
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Bitcoin price is currently very stable at $ 45k - $ 50k, so I agree that in the near future the Bitcoin price if makes it past the $ 60k price.
So Bitcoin will continue the bull run up to $ 100k, and the good thing is Bitcoin hitting the $ 100k target is very likely to be achieved this year.
Moreover, seeing more and more institutions investing in Bitcoin today, it should make Bitcoin even more desirable. This will make the price of
Bitcoin continue to rise. So who already owns Bitcoin now, don't be in a hurry to sell the Bitcoin that we have. Because if it is true that the Bitcoin
price reaches $ 100k, it will definitely give huge profits to Bitcoin holders.
You said that institutions are investing heavily in bitcoin but at the moment the value of bitcoin just starting to go sideways, this is a clear contradiction, good news but in return, the value is not increasing, sometimes even very sudden price drops. Even though the support level is still relatively strong in the price range you said but given this general situation, new prices cannot be broken in a short time, besides, bitcoin has risen too much, psychology of people are tending to take more profits, instead of continuing to be patient |
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Let's say I have a huge amount of money as an investor, where do I put them? Bitcoin or Gold
We all know that gold is known for its stability which could be vital in times of financial crisis; but doesn't exactly bring good return WHILE Bitcoin on the other hand can be quite profitable but it's risk of negative volatility can be catastrophic!
So which has your vote? Gold or Bitcoin!!!!
bitcoin is capable of giving big profits but can also be catastrophic. so it is difficult for me to invest in Bitcoin because it has a very large risk. so I prefer gold as an investment tool for the long term. because Gold has a stable price and continues to increase every year. unless I do short-term investment then I will choose bitcoin because bitcoin can provide instant profits. I don't see any catastrophe with bitcoin, as long as you stay loyal to your choice and to bitcoin, it will bring in huge profits someday, the historical figures have made this point very clear, although sometimes profits will come quite long and unexpectedly but almost very well with time. Gold may be more stable than bitcoin in the price factor because with the help of nations' economies, governments do not want gold to become a place for others to control and make a profit, they usually keep the price of gold in reasonable level but this factor has hampered profits, not worth the money we invest |
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I know who makes a living from poker games, where your opponents are human and you can have more control of the game as you gain experience.
However, in gamblings of chance where you depend mostly on luck, its impossible to live this.
Sports betting could also be a way if the bets weren't to benefit so much the home. In these cases, I see that 50% is lucky and the rest of the statistics... still, I can't live with that.
Of course, making a living with gambling is just a silly idea, I am not intentionally complaining too much about this thought but even if we have certain skills, it's just a small bright spot in the dark, I've never seen someone who can survive just by luck, we can not think our luck is infinite, if that's true, many people have become rich without effort and learning. In order to live in this society, a job based on skills and knowledge is a prerequisite, use luck will not be sustainable, until one day this cruel world will give us a taste of suffering when we don't have a steady job. |
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I think most people don't need a bank to store their money. to receive credits or money, yes, but it doesn't have to be for storing assets. it doesn't do anything anymore ... there is no interest, or even negative interest if there is too much money. So it is uninteresting to have your money in a "bank". The power of Bitcoin ist the solution.
That is just your personal thinking, most of the others still trust banks in the matter of money and interest protection because under the regulation of government and law, banks are very transparent and safety ratios are almost absolute, bitcoin can bring more interest, which is a strong point but without any protection laws, value can be controlled and very volatile. Bitcoin is just a small force and is particularly well known in the investment sector, enhancing its role and comparing with world power is probably too much hype |
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Binance has been a trusted exchange and it has passed all the tests of time so I believe that its coin could still go more in the future. The potential of this coin will depend on Binance's reputation. However, I believe that it could reach better than Ethereum if it would compete with Ethereum's gas fee which is the agony of most traders these days.
focus always on very high gas costs on ethereum. Ethereum gas costs have been increasing since last year. but there have been no issues with the ethereum market to date. The BSC may be in vogue, making the view that Binance's rising popularity could beat Ethereum. even if the binance smart chain has increased adoption and the ethereum chain is down I don't think it will shift their market position. When looking at the value of ethereum, you certainly wouldn't think it had any issues with the community but somewhere in some comments, they still complained about the fees ethereum brought, it's too expensive for the tokens we ship, in the long run, this cost will have a huge impact on our profits. Although they have made promises in the future but this has created an opportunity for binance to further expand their application, can't talk about the distant future but in the near future binance will be a very strong opponent for ethereum |
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Some trades we take are in wrong direction but because we want to be hopeful that it will come back to profit, we allow it and it close against us. If we keep doing this, it is the exact opposite attitude of someone that wants to keep their initial capital.
There are steps you can take to reduce the loss before you lose every thing or it get to your stop loss and such is
1. Stop the trade: This is very good but difficult for many traders to do it but if you do that, you have potential loss that you have saved.
2. Use of stoploss all the time: This help your losses to be minimal.
3. Try to adjust your stoploss: You can do this if your trade is already in profit and you suspect that it is going back to your entry price, so you can take your stoploss to entry and all the order to run for profit or it stops at your entry.
If you find some coin which you had invested is not a potential one.Kindly get back your step.Take decision was a important one in the trading.Some less potential coin get drain all your money.So it's better to convert your coin to bitcoin or USDT ,when you come to know it's not a worthy for your money. Setting back is not a cowardness.Sometimes it's essential one. I very much agree with you when in the past I was very obsessive about holding, I almost always maintain a maximum patience with the tokens I choose even if someone else has said it is not potential, even in leverage trading, the same mistakes come to me very often, always hold until that token is forced to liquidate and the account burns out hard on a very nice day. Setting stop loss and turning back, even accepting we were wrong is never the plan of the cowardly, cowardice is when we are wrong, but we continue to follow that path to prove we are not wrong |
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At the beginning of the epidemic people were going through a lot of crises that had a devastating effect on the crypto market. But later people realized that by investing in crypto they could tackle their problems for which the demand for crypto has increased in the epidemic is good for bitcoin people have gained a lot of knowledge about Bitcoin and made a lot of profit for investing which has helped people to recover from their financial problems and the country's economy.
A pandemic is a very sudden event and causes a lot of loss from the property and families of many people, and the work of many organizations is also affected, creating a very strong economic downturn, crypto currency is also affected significantly when investors withdraw capital to offset the effects of the downturn. But luckily, as you said, when the need to make money online becomes a hotspot, crypto has no small advantages, as soon as the economic bailout packages are fully provided to everyone, crypto becomes better than ever in a pandemic. |
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If we look at the current reality with all the shortcomings that Bitcoin has, we can say Bitcoin has indeed failed as money. But that doesn't mean
there isn't a chance for Bitcoin to succeed as money, maybe we just give it time for Bitcoin to develop again. It is possible that in the future someone
will be able to find a solution so that Bitcoin can be successful as a payment, for now we have to admit Bitcoin is more suitable as an asset and
we should be grateful for that.
We think of bitcoin as money is simply a way we want to talk about the value and benefits that bitcoin can achieve, many people even say that bitcoin is virtual gold, a lot of different words about bitcoin and the ultimate goal is just to increase the value and influence of bitcoin in this world. Honestly to say, nobody here considers bitcoin to be money and likes to transfer money every day in bitcoin, we already have money in the bank to complete this problem, Bitcoin's primary role is investment, failure in the form of money has never been an issue with bitcoin |
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Altcoin XRP has a very good potential to invest in, I think everyone knows about this altcoin, Even though the XRP management team is currently solving the SEC problem, this coin is still trusted by investors, I am a very sure if XRP can break through. $5 even though it takes a little time, my advice if you have sufficient funds buy XRP from now, because this coin has a great opportunity to increase in the future,
I really applaud those of you who have enough optimism about the XRP coin, but what disturbs my mind a little is when you advise other people to buy XRP in current uncertain conditions and how can you say if XRP has a very big opportunity in the future while we all know that currently the court has not made a final decision on the legal issue between XRP and the SEC? if only if only later, you could say that XRP lost in court, wouldn't that make the price of XRP fall even further? I think it is better now to be safe than to bet the money we have . Well, many Ripple fans continuously suggest investing and holding ripple in such a difficult period as it is now when lawsuits are progressing, project value is not stable, their belief is blind when people like me and you, and others understand that as long as Ripple receives another bad news, its value will split dramatically. I don't know what Ripple's potential is but I see in the market many altcoins have potential and are not involved in this lawsuit, a safe choice is to join them, rather than stick to a risky and in-danger project like Ripple |
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guess the biggest Asian country China
Technically, China isn't the biggest country in Asia, Russia is an Asian country but Europe geopolitically speaking. But I wouldn't say that China is the biggest one as they don't adapt bitcoin publicly and the only owners of bitcoin there is the state so I don't think that disqualifies them as influential. I would vote for Japan because they are far more inclined to automation which means they will embrace newer technology more than anyone. I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth! Well, Japan is truly a pioneer in the event of supporting and applying bitcoin to life's payment activities but as soon as this information was put out and tested, Japan still hasn't informed us of the positive results, therefore, they only influence a part of the development path of bitcoin in Asia. I vote more for India and China as these are the two countries with high user numbers and forcing the government to take measures to prevent and handle bitcoin related issues, miners in China have also repeatedly created controversy and helped bitcoin break out in value, too clearly about the influence of these two countries. |
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Should I sell out all ETH? Or keep ETH on hand and keep mining patiently in order to come across next bull trend?
How many ethereum you have right now? If you have many ethereum, I suggest you hold that and not sell if the price does not reach more than $2k or on your target sell price. It is better to use a small ethereum to sell and take your profit than to sell out all ethereum because we do not know when ethereum price will increase. If you can still profit from the mining, you can continue to mining ethereum and wait for the ethereum price increase and sell it at a high price. I go against your idea, if he has a lot of ethereum in his wallet, he should soon split up and start converting to fiat according to each milestone eth is hitting because we had an ideal year for crypto, the altcoin's value has almost recovered relative to its peak, we have spent a long time waiting and continue to waste time waiting is not advised, it is unlikely that next year will continue to be another high point. And even if we make this small mistake, our mining is continuing every day, the amount of ETH per month still allows us to sell at another peak, less profitable but this strategy is safe |
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When you buy or sell your coins in hurry which bears very harmful to you. So, it is very important to you that you should think and research when you buy or sell your coins. So, never be a hurry to buy or sell your coin.
But you know what is most important in the world of crypto and investing, the answer is timing, timing is so important, sometimes it's just seconds and minutes, miss a beat, we're going to be late on the train, this is what I realized when I got involved crypto market. We may not be in a hurry but the market is still moving, we need to make money based on that, which means we have very little time to make decisions, we need to learn to get used to such problems, this market doesn't wait and gives us space to breathe, it often speeds up and we need to be ready. |
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I think breaking the $ 100K this year is not easy. figure 60K-70K $ Relevant to be seen as the next high point of bitcoin. If the previous resistance is broken it will be the all-time high of bitcoin. current circulation as well as the number of people who hold on to that number makes prices rise again,low of 43K $ Cannot be crossed yet
I think the resistance level of $ 60000 will soon be broken when you can look at the sentiment of the market, the sentiment of big investors, their greed is very high, Bitcoin's price right now doesn't make them happy, they want more, want bitcoin's value to be pumped further and bitcoin will inevitably follow the crowd, whales will drive bitcoin in that direction. For further resistance levels like 100k$, I do not feel optimistic about this prediction as the capitalization is still not enough to pump, markets like gold and equities are preparing to recover, the capitalization is likely to split in many parts |
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I have been in Bitcoin for years. but I am more closed and silent. I don't promote bitcoin to people around me. Because bitcoin has a risk I'm afraid that I'll be blamed if there is a loss ... because most people don't want to take risks.
In contrast to you, I am more proactive about stories and topics with bitcoin and crypto, and the best part is that the people around me also have the basics of and trust in bitcoin but recent years have caused me a lot of fatigue as they always consider me a pioneer in crypto investing, ask me too many problems and ask me to share about good, profitable coins. Quite annoying and I am doing the same things as you, limited replies, I have had a big enough impact and define the path of investing in bitcoin and crypto for them, they need to develop themselves, rather than looking for me every day |
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Just spend 10 minutes reading how Dogecoin was conceived, what's it for, where it's used and you would never be eager to hold dofe for the long term. Dogecoin has no fixed supply and it's a miracle that it's still running considering that the project has no maintainers anymore.
Don't but Doge thinking it will give you some return in the future, Elon's pump was probably the last one.
Except for Elon pumps, we will have many other pumps but sum up the situation, holding Doge gives us too much suspense and confusion because as you said, we only need a quick glance at Doge's information and team, it's not really that iconic, doge seems to be an outdated icon, big investors are just waiting for the opportunity to pump and dump it. The possibility of holding Doge to be relatively profitable is possible but the nature of this contract contains too many shortcomings and risks, investors should limit and consider other contracts |
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Well, it is good that you have made up your decision on taking full time to be a trader since it seems that you are seeing your interest into it and find it more profitable compared to working on a full time office job. But being a full time trader is not always into profit so you still better have another source of income or business if you don't want to take part of working full time into under other people's advice. Better keep going and good luck to your trading journey.
Agree, the crypto market will have a lot of volatility at some point, generating a lot of profit for the participants but besides that, it also has very quiet periods, and in the quiet phase, the risk is higher than ever even if we have become an expert and experienced with the market, the situation at this stage always forces us to make risky decisions in search of profits. If we have a steady job at that stage, we won't have money pressure, stable income allows us to comfortably, full-time brings huge pressure and is easy to make mistakes |
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hi guys
I am wondering where you guys ll invest 1000 usd, which has got a chance to get insane profit.
Please can you give reason as well
Thanks
If I had $ 1000, I would definitely invest in a coin that has high volume and bright prospects for the future like BNB. it is currently between $ 200 and $ 300. But do not rule out, if the BNB will reach $ 1000 in the next few months BNB is the right choice, but we should not invest in one alt only my friend but for me its better to split our capital, for example 30% in cardano, 30% in Polakdot then another 40% in BNB I do not deny the potential of BNB but overall, the value of BNB has exceeded expectations, requiring more significant growth is not reasonable, they need more time to develop new projects, so 10% capital is what I think I can invest in BNB but take advantage of other adjustments, instead of joining now. ADA may be an option right now but I have to say that a lot of investors are accumulating, prices may be slow to fly or correct further, we will need to analyze carefully to find the right entry, there isn't much to say about Polkadot as it is still doing pretty well |
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Gambling is a profession, I know. But this job is not long, and it cannot sustain you for life. Consistency needs training, but is it possible to deny the threshold of ambition? Very few people have success with gambling in both calculation and luck. So, entertain and stop at the right time. Gamblers are often rooted in nature.  There are always both sides of the story. We know that it cannot sustain for life but you should ask someone who's been gambling all of his life and remains to be a gambler up to this time. There are ways that they can sustain their lives and if it's already their life, they can make a living from it and won't just give up when they lose. As you said, there are few people that are successful in making it a living so if they are, they are sustaining their lives through it. They can only sustain if they themselves are making money in gambling. No one can last long in gambling if he is risking a decent amount and not making money at all since the reality will bite us which is we lose in the long run, good thing for some people this is not a threat to them as in the long run they become more consistent and they are making money. Even if we say that no one can last long in gambling, many people still play gambling and hope to make money from gambling. No matter how much money they already lose and will lose, they will come back and play the other gambling games. If they can not realize that, sooner or later, they can become addicted to gambling, and once they addicted to gambling, it is hard to stop their habit and solve the problem. Gambling really attempts to attract and seduce people to come back over and over. And that will depend on how strong that person to stop gambling and not thinking gambling as a source of income. Gambling is a place that arouses so much human nature, from greed, laziness to the desire to be rich overnight, it is the world of dreamer and finally, they end their lives in dreams, even when they wake up, it is too late, starting a new life was not possible and they continued to indulge in gambling. However, despite such warnings, life is too pressurized and poor, gambling continues to welcome a large number of dreamer, don't talk to me about the downsides or life always has two different endings, almost gambling brings only one outcome, failure and addiction, no career called gambling exists. |
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