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Well, personally I think and I'd say cryptocurrency is for anyone and everyone except the weak and feeble hearted. Those ones need to steer clear from cryptos before they meet their maker earlier than planned lol.
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I laugh when I see newbies rushing into the crypto space hoping to make tons of cash and become millionaires overnight without doing their due diligence of research and trying to understand the basic and underlying principles of cryptocurrencies. These are mostly the ones that end up losing their cash overnight too.
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It's really too early to say for sure, but I guess we'll all just have to keep our fingers crossed and wait to see what exactly the future holds in store for each and every one of us.
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Well, hodling is great sometimes but apparently and obviously it is not without it's disadvantages too. Hodling does not create any value for the coin, since the coin gets it's major value when it is being actively used or traded. Simply hodling the coin without any real life usage prevents that.
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Well, frankly you haven't lost yet. Remember the fact that you only lose definitely when you sell off your position. So, as long as you don't sell off then you should be fine. Bitcoin will bounce back higher and stronger don't you worry.
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So sorry to hear about that. Perhaps you were phished or probably careless with your private keys or your password was unsecured. Always look out for phishing sites and try as much as possible to use 2FA whenever you can.
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Initially the whole concept of blockchain technology and cryptocurrency is usually not so easy to understand as it isn't something we're accustomed to. But just try to simplify it in the best way you possibly could.
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Fake exchanges these days are usually created by scammers to extort funds from unsuspecting victims, and this as such is yet another downside to the world of cryptos.
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When and If terrorists start carrying out their acts of terrorism while using cryptos like bitcoin to make purchases for arms and ammunitions, it will spell a whole lot of bad news for cryptocurrency in general as it will paint cryptocurrency in a negative light.
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When that happens if it were to happen, I think one major downside would be the fact that it may be used by the wrong kind of persons for wrong motives or wrong reasons e.g scams and as a means of anonymous payments for various kinds of crimes.
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Well, although large investments are generally welcome, it also wouldn't hurt to invest small amounts in bitcoins. People like your friend who have no major investments can decide to buy fractions of bitcoin if they can't afford one or more bitcoins. This would also go a long way to help.
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This is indeed great news for the entire cryptocurrency space since this would also increase awareness of bitcoin and other relevant cryptocurrencies, which in turn would also lead to increased global adoption. It feels really great to see these major giants in the sports and entertainment industries stake their claim in crypto.
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Of course, this is not in any way surprising as top government officials and politicians alike are also beginning to discover the true value and huge potential of bitcoin. And trust me, no one wants to be left out, not even them.
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#Proof of authentication
Signature campaign.
Profile: Blessing97
Rank: Junior Member
Current Posts: 64
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The best strategy to take when the price of bitcoin drops is to acquire some more bitcoin because now you'll be getting a real world asset at a cheap premium. In order words you'll be getting more value for your money even though it may take some time to fully realize this in the long run. Do this and thank me later!
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