I think what this Tim Draper said about entering the cryptomarket is true, we can never really tell whether the cryptomarket is gonna go on an up trend or it would go on a deep. I have heard many people saying that the prices are gonna go up but it didn't and it goes the other way around. I think, it really is up to the investor if he is gonna hit it big and earn whether the cryptomarket is good or looking bad.
I think for those who are mature in analysis, every day is profitable. they can take advantage of the market, so they can be consistently profitable at all times. so it depends on what we are looking at, about the statement |
|
|
|
If you don't know what stablecoins are, read this Wiki article With that read, there is an ongoing dispute over the advantages of these coins before Bitcoin and other cryptocurrencies. Many suggest that they are not actually backed up by real currencies or other assets as the companies behind them vigorously claim, that they are centralized beyond any hope, and without proper audits they can be printed out of thin air just like fiat money, which would culminate in their hyperinflation, devaluation and failure For simplicity's sake, let's assume that these accusations are unfounded. So do these coins have any advantages compared to Bitcoin under given assumptions? In these conditions stablecoins essentially become fiat that they are representing, i.e. the US dollar, Euro, or whatever. So the whole thing is not so much about some stablecoin versus Bitcoin but rather a good old question of a fiat currency versus a cryptocurrency And I guess you already know the answer to that question Stablecoins are centralized virtual coins and it is mainly used for trading in exchanges or hedging against the falling asset price! I don't see much utility of stable coins apart from these two scenarios! It's a tool for the traders and doesn't really a cryptocurrency per-say. as long as I participate in cryptocurrency, it always has high volatility, so that true traders like this. they can make big profits even though they carry a lot of risk, and because crypto is indeed decentralized |
|
|
|
Same thing happened around 2013 to 2015, the price went high and dropped. Then later it started to go up a bit and in 2017 it got the bull run and price went high again.
So if history is trying to repeat itself the same way again, then there is nothing wrong with it, cause we are already sure that after all this the price will still go up. The problem with some people is that they lack patience. If you’re going to invest in cryptocurrency, then you better have patience and stop ranting about price fall.
History is not repeating itself, we repeat history. As you say that there are now many times that the value of bitcoin dropped so much but it regain its normal value because the demand of the people to bitcoin increased. I am sure that it is part of a cycle and we can see the growth of the bitcoin in the following months. this month I think it's hard to see bitcoin recovering. certainly takes a long time after dropping away. of course patience determines our success, so keep psychological so as not to panic |
|
|
|
yes you have to buy bitcoin when the conditions are cheap and sell when the price has started to increase prices, if the price is still cheap then you have to wait to go up.
after the price of bitcoin has gone up and you get a profit, I suggest not to be greedy to take profit, because there are many events like that. profit according to your target, discipline will be better |
|
|
|
The cryptocurrency market is crazy. When the market becomes positive, you can make a lot of money, so people are greedy, and investing in cryptocurrency is correct. In addition to the cryptocurrency market, other investments are now dangerous.
right, because of the significant increase last year, it made many people want to invest in cryptocurrency, I think for newcomers like this who suffer the most, because after that the market continues to decline until now |
|
|
|
Yeah, that's the big problem. They're not ready for this yet and shouldn't be forced to abandon cash. I don't see the need to rush the adoption of a cashless society. As I said, it's a good move by China.
We still have people using cheques and other outdated payment methods. Even the middle aged generations in many modern countries still rely heavily on cash, the older generation almost entirely. That's in countries with long established banking systems and easy access to internet etc. China in many parts is still largely underdeveloped, people don't have access to bank accounts and cash is their only option. It's only right that they are able to spend their money. althought the statement, but in fact there are still many who are dependent on cash, even though some people can move, but the older generation is indeed familiar with cash, and it is difficult to teach them about epayments. |
|
|
|
What do you think about the popularity of Cryptocurrencies around the world, do you think many people now are aware of this Technology currencies?, how much percentage would you think and how can we expose and spread this?  The percentage of people using cryptocurrencies has not even reached 1% of the whole population around the world, we are probably at 0.1% and even with such a low amount of people using cryptocurrencies, coins like bitcoin are already some of the most powerful currencies around the world, we only need to keep adoption going and eventually we will reach a point in which many people will no longer be able to ignore bitcoin anymore and will begin to invest in it and will use it to buy all kind of products. the lack of effective use of bitcoin, because many countries have not permitted bitcoin. but we are sure that we will achieve it as we hoped. with users who are still minimal like that, I think it is still difficult to shake the world |
|
|
|
Stock market and cryptocurrency market are not running on the same principles, terms and conditions so there is no need to compare the two. If you invest in both stock market or cryptocurrency market make sure you have another source of income, do not depend on this two mode of investment.
I think if we want to invest calmly, we have to use free money, with uncertain market conditions or have a high volume, we still casually face it. and as of now, nobody knows when market will recover |
|
|
|
some developed countries are very friendly with these coins, and we have seen many restaurants and various other businesses using payments with no problems. crypto has been universal for developed countries, and if we still find a country that is not familiar with bitcoin, then only need to convert to each fiat before it is actually used, this is not complicated and it doesn't matter if the assumption is that currency intermediary media only
very lucky for those who live in these developed countries, because they can use crypto to fulfill their daily needs. I can only hope that this will soon happen in my country, even though it seems like it's still a long time to wait |
|
|
|
Washington may slap sanctions on governments that fail to reduce Iranian oil imports to "zero" by early November, a senior State Department official has warned. But some partners seem reluctant to follow the demand. The US administration has been pushing its allies to follow US President Donald Trump's lead after he decided to pull out of the landmark nuclear agreement between Iran and six world powers. A senior State Department official told reporters on Tuesday he had been traveling to Europe and Asia to convince allies to isolate the "stream of Iranian funding." India and China traditionally used to get a waiver from sanctions and kept trading with Iran even before the 2015 agreement, so speculation is rife as to whether they will manage to find workarounds this time.The State Department acknowledges that cutting off Iranian oil imports completely is a “challenge” that no country “wants to do voluntarily”. https://www.rt.com/newsUS policy always about oil in Iran. US want to block the economy and prohibit most county in the world for buying oil from Iran government. But seem Iran always finds a way to sell their Oil to others country. Beside that, China ignoring US warning because china is need more oil to increasing their production on the other hand, we know China in conditions of the trade war with America where all countries bear consequences of this event, of course fellow Chinese competitors are reasonable if they do not heed the advice of the US |
|
|
|
Home we need to live, so i think investing in Real Estate is always a good investment, BTC investing option is also very good but if you secure your daily needs then you can freely invest in BTC so that your future will be saved if you invest in both options.
you're right, I also agree to prioritize real estate compared to investing on the internet. well, because it can sustain a better life. besides, our goal is to get a good profit, so I feel that using bitcoin for real estate is also quite good. - Indeed, real estate is an ideal destination for all of us when it is a valuable asset that can grow over time, its stability and safety are something we can see very clearly over the years, while bitcoin can only provide us with a great and unexpected source of revenue but in return, the value and instability of bitcoin can also cause us to get a lot of losses, current situation is enough for us to understand this problem. So, when comparing real estate and bitcoin, the priority above all is real estate, and I also do not encourage you to use bitcoin for real estate when it's a very wasteful thing investing in real estate requires a large amount of funds, for those who have not been able to invest in that place, I think I can choose bitcoin as an option. because whatever funds we have can be invested |
|
|
|
All investment has a risk, and crypto investment is a high risk investment, if you see the chart you can see how quickly the price can go up and go down, its not a good idea to put your life saving in crypto, diversify your investment is a better idea, crypto future is still unclear there are still so many rejection from the government
if you want to invest in crypto, of course we already have another asset diversification. or in other words, investing in bitcoin is free money, so you will feel free to work in it |
|
|
|
The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
The government is the number one enemy of cryptocurrencies. The main goal of cryptocurrencies is to offer freedom to the people. Cryptocurrencies is the most effective way to transact with complete anonymity. It is sometimes misused for illegal transactions. Bitcoin is used in the blackmarket for drugs and other illicit product, another reason why the government wants to regulate it. But the things is, cryptocurrencies cannot be controlled, it will defy its main purpose. all new things must pass through government, because we live in a country. and I think government is not an enemy, even though it inhibits the development of bitcoin |
|
|
|
We need more people's power , we need to stop whales from taking control, we need people to have one mindset that can benefit the growth of bitcoin, if some party only want to make benefit for themselves by spreading fud and manipulation then bitcoin is toward destruction, we dont need miracle but we need to fix bitcoin reputation and keep on attract more investors
besides that we need to grow trust again for investors, because that will make them confident and invest again in the market. many people are frustrated at the moment, and they seem to lose trust The key is that with positive news circulating widely, imagine if there were a lot of positive news such as ETF Approved, Legalization, mass adoption, adoption from large agencies, then market confidence would rise and make bitcoin bigger again right, news greatly affects the psychology of investors, many because of news they are in a hurry to enter market because they are afraid to miss the moment, and hopefully the good news will soon be there |
|
|
|
How can we get people to use bitcoin as a real currency and not just a quick way to get cash as a lot of people seem to do? When I say currency, I mean the literal definition of currency as something that is used as a medium of exchange.
Even online, there are only a few stores who are accepting it as payment.
Many people afraid using their bitcoin in merchant because government not having regulation about it. Beside that, not many people knowing about bitcoin and people still thinking bitcoin is a scam. If more people understand about bitcoin and government allow it, i am believe people will using it as payment indeed the role of the government is needed to foster trust in the community. in my country almost no one uses bitcoin as a transaction, because there was once a raid for that |
|
|
|
Well, if you put it in it's most simplest meaning and basis, being poor means that you are unable to provide for your and your family's needs. Now needs could be very subjective and will be up for debate. But if you can provide for your needs, then you're not poor. How many times over you can provide such needs places you hogher on economics, it is that simple.
I think the easiest benchmark is the minimum income limit that is obtained to meet needs. in my country there is a regional minimum wage, of which we can know whether or not the limits are poor |
|
|
|
Goldman Sachs: Bitcoin can be useful for a troubled economyAccording to the report of Goldman Sachs, Bitcoin and other crypto-currencies can be a good alternative to the national currency for countries with an unstable economy. Analysts at Goldman Sachs Zack Pandle and Charles Himmelberg said that digital currencies and, in particular, Bitcoin, can become a viable means of payment in countries where traditional money is not sufficiently provided. Goldman Sachs experts: crypto-currencies can help the troubled economy
Digital currency can be an alternative, but is there no problem for users who just know bitcoin to use it? I might be able to use flukutuasi to make some users can not use it and remember also that crypto has experienced a considerable decline this year. with significant fluctuations like now it is difficult to be used as a reference for transactions, but if all countries later legalize it, I think fluctuations like this are difficult to happen, like the current currency |
|
|
|
we certainly hear a lot of people whose their lives change 180% because of Bitcoin based on https://www.livebitcoinnews.com/venezuelans-turn-to-bitcoin-and-online-gaming-to-survive/ when government policies make them miserable, they find ways to survive. Do you agree with Bitcoin is one of the saviors and are there any of us who have saved their economic lives since focusing on Bitcoin?and honestly, I'm one of the people whose economic needs have survived because of Bitcoin  I agree but that was before when the Bitcoin is heading to the moon but now that the price is already 80% crashing then i don't hear people still saying this praising words anymore to Bitcoin but its normal as we really not happy with this current market condition in which some people already leave this investment in dismay. many are frustrated with the current situation, and this makes trust in bitcoin decline. but for those who are still loyal to hold bitcoin or buy it now, of course, they have the opportunity to get rich later, even though they don't know when it happened |
|
|
|
Economic crisis always happen because central banks can not control the money supply. Its begin with interest rate. When economic start growing, central banks raising interest rate and they said to control inflation but in other side, bussiness world will suffering because paying more interest rate on their loan.
for those who pursue the world of entrepreneurship, of course, feeling that this condition is, indeed, with an increase in higher interest rates will certainly reduce income, because we still bear other burdens such as taxes |
|
|
|
bitcoin and altcoin is the hope of all users who have been anxious about fiat which is always a political vehicle of the government, corrupt officials and also the central bank that continues to create stability on the surface but causes the effects of inflation and poverty. the blockchain will change all that when the country is committed to using it
I think it still takes more time to reach that goal. of course the government argues to maintain the stability of the country's economy, hopefully it will soon open its eyes and follow technological developments that occur |
|
|
|
|
Show Posts
