The best way to stay safe in crypto is be very careful when it comes to choosing a project or coin to invest in. To be careful here means the investor must read and research vehemently on the project in order to ascertain its authenticity and capabilities of becoming successful. Targets during the research should focus on the team and its expertise level, the product, the use case, the idea pf the project etc.
When you have to do so much just to try to not get scammed instead of concentrating on trying to make money with your investments then it is a better idea to just forget about investing in new coins, many do not like this idea because they do not want to entertain the idea of limiting their potential profits, but since my capital is limited I cannot risk my coins in projects that ultimately will not bring me any benefit and not only will waste my money but my time as well. that's important before we decide to invest in several projects we must first do research on each project that will be launched and find out more about the teams involved in it in order to minimize the risk of loss |
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Yes because nowadays, bitcoin is more likely to be an asset and the people who have bitcoin are practical and they don't want to use their bitcoin as a means of payment because they usually pay a slightly bigger amount of money if they will use bitcoin. In terms of paying for goods and services, it is better if they will just use stable coins or other forms of payment system like paypal.
During the first 6 years of Bitcoin, it has been widely used as a means of payment, people are using this to transact, they are using this so people can be attracted and the supply will circulate around the world, but during the bull run, almost all people don't like to spend even a single amount of Bitcoin, as much as possible, they would like to save it for the next bull run. most people believe that bitcoin in the future will be more valuable than it is today, therefore most of them choose to save bitcoin for the long term rather than having to be used as a payment tool that can buy whatever they need |
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5. Bitcoin Trading: There is lot of potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the bitcoin market.
6. Bitcoin Investment : If you can be patient then you can make a lot of profit through the investment of Bitcoin. When the price of bitcoin goes down, you can buy and hold bitcoin and if you have enough patience time then after you will earn extra bitcoin profit.
the two methods that you mentioned between points 5 and 6 certainly require initial capital that we must spend and cannot be obtained free of charge. I'm sure most people do it this way to be able to benefit from it |
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Long-term holders will certainly feel happy if true it will happen, and for people who have spent bitcoin will certainly feel sorry because their previous assets have experienced a very sharp increase. it is possible that if bitcoin experiences a very sharp increase, some potential altcoins will definitely experience the same thing
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actually it doesn't matter if someone invests with coins that were not known before, it's just that the risk is much greater if you use a coin investment that you didn't know about before. and to minimize your losses, it's better to use coins that are already listed in the top 10 in the market, at least you still have a chance to get a big profit when the market improves.
yes, investing in coins that have entered the market is less risk than investing in coins that have not been known before, because this is the same way as we bet the money we have on coins that have not been able to enter the exchange market or can be said to be the same as trying luck with it |
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I believe more about crypto growth in the future than having to be willing to sell all investment assets that I have and then promise to leave cryptocurrency forever, because no one knows about future market price movements, and there is still a possibility that crypto will be more valuable in the future
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slowly but surely bitcoin will kill the world of conventional banks.
inevitably conventional banks will use the blockchain system in their banking system because conventional bank customer data is still quite vulnerable to hacking.
I don't think that will happen, because the role of the bank is certainly still very much needed, although bitcoin has a good future and has been trusted by many people as a valuable form of investment, but in the future bitcoin will be an alternative tool that can facilitate everyone because along time will certainly be more and more people like the concept of this technology |
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of course the mistake of writing a single mailing address will not be able to return the amount of the bitcoin balance that we send, therefore always checking the address that we are going to, of course it is strongly recommended before making a transaction to anyone
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Bitcoin is definitely affected by news that affects the blockchain technology industry in one way or another. We can safely assume that the current growth of Bitcoin was associated with the statements of the President of China on the introduction of blockchain technology in the infrastructure of this country. Of course there is a difference between the concept of Bitcoin and blockchain technology, but the mere fact that Bitcoin is simply based on blockchain technology has given the market a huge bullish leap.
the rise and fall of bitcoin prices can indeed be influenced by several factors, one of which is the variety of news that is able to influence the price of bitcoin, but if we look at the market situation of course the price of bitcoin moves up and down only based on the number of requests and offers |
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If you want the best price to buy bitcoin by waiting until the lowest price, you will never be able to produce anything, because most investors believe that the price of bitcoin will continue to grow and now is still the best time to buy bitcoin to invest
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maybe it happens if Asia is able to become the biggest crypto market because people's enthusiasm for crypto will continue to increase in its use among the people, regarding government regulation will definitely be overcome, because most governments already believe that this technology can be very beneficial for people who are able to use it because many people think crypto is able to overcome economic problems for every individual who uses it
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I am not sure if there will be an increase in market prices like 2017, but it is possible that by the end of this year there will be a slight increase back so that it can provide fresh air for new investors or long-term holders.
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bitcoin is not only used as a form of investment but has a future that can facilitate all transactions, especially if all governments are able to legalize all transactions using bitcoin then it is very likely that bitcoin will flourish in the future
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You think too far ahead because the end of 2019 also hasn't happened yet. no one can be sure of the exact rise in bitcoin prices, let alone have to predict the end of 2020 as what you say. we can only follow the flow of market price movements because any increase that occurs cannot be accurately predicted
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You have to take advantage of market conditions when the price moves higher above the purchase, no matter how much profit you get, which is important when the market is increasing, you have to take the opportunity
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there is a possibility that the recent increase in the price of bitcoin can be manipulated by the pope to market prices, because no one would think at all if bitcoin was able to increase in a short time and after that again experienced a significant decline. if it were not for whale manipulation, there might be other factors as you say so that the market price increase in a short period of time could pass.
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honestly I will not sell the bitcoin that I have even though there are some alt that looks promising, because bitcoin is one of the most potential coins to invest, so if there is a desire to buy one of all alts, ethereum will be the choice the main that I will invest
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most people believe that technical analysis can minimize losses in trading, but it cannot be believed that it always gives a profit of up to 100%. people who are used to trading, of course they are able to apply technical analysis in order to make a profit
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for now it is difficult to get a quick profit in day trading because market conditions are still often down and some altcoins are still unable to experience drastic increases, it is because bitcoin price movements have not risen sharply. and I think long-term trading is still an effective way to get big profits, most importantly don't rush to sell it and have to have a profit target to be gained
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in trading all can happen even profits can be obtained in less than two months, but still dont forget that the risk that you will face is also very large. but if your condition is now in a state of urgency and in confusion, I don't think it's the right time to enter trading because it can make your night worse.
yes, of course in doing trade requires concentration that is focused so that you can always benefit. if we expect a quick profit in trading without using a mature strategy and a calm mind, of course the target we will get will not be achieved |
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