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In the new year of encryption, I will continue to accumulate more bitcoins for investment, and I still believe that it will bring good returns. Wouldn't invest in new altcoins, especially if you're consistently losing money during a bear market, stay away from them until a real bull market arrives.
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Hello dearies!
Something came into my mind and I decided to asked here to see the mind of everyone here towards the market.
Few days ago, there have been a sudden change about the entire crypto market which gradually drive bitcoin from $16k to $19k plus, could it be that the bull has started this early year without getting into the bitcoin halving or could it be there is a positive news concerning there entire cryptos?
There are lot of post I have been reading all this while the majority of them were pointing out to be after bitcoin halving.
Just one last more, how do you feels with the market? Do you feels you have been left out or possibly you wanna make a turn to buy now since it hasn't touched $20k yet?
Please don't find my post as annoying because I m also learning which I strongly believe I will know more better as time comes.
You can table out your opinion.
The market has been on an uptrend over the past few days, and it is still believed that there is still some time before the market recovers, and there are many people who believe that the market is recovering, and it is difficult to predict when the recovery will actually start. Wait patiently for the arrival of the bull market in the market, and seize the good opportunities accumulated now. |
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I have always come across people giving stories to promote bitcoin or give awareness of bitcoin in rural areas. It is a very nice job to tell people about bitcoin because it is the major currency in the world. In this rural area how can bitcoin be used when majority of people in the the town are battling with poverty, and how can bitcoin be used when majority don't have access to Internet. I think people in rural area needs to be financially stable first before knowing bitcoin.
Everyone can invest. They invest in Bitcoin to find ways to make a profit and increase their future wealth. They should be educated about Bitcoin first, and the more they know about Bitcoin, the more they can know that Bitcoin can be a great way to get rich. |
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As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
So I decided to come here to seek the views of experienced traders on the potentials of altcoins.
Altcoins can indeed bring benefits to investors. Most altcoins were profitable at first, but over time there were many altcoins that could not survive the bear market, most only in the short term. Be more vigilant and patiently analyze and research when investing in new altcoins to avoid more losses. |
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Hello Everyone,
I am not speaking about just Bitcoin. I am speaking about every cryptocurrency / token. Regardless of crypto price fluctuations, many online and offline stores are ready to accept crypto as payment. So How will willing are you to spend crypto for your purchases?
If one doesn't spend their crypto for purchases and wait for to spend their crypto when its price is nice, are they really considering it as a cryptocurrency or can we assume like those people are treating more like a security or investment instrument?
Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future. |
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With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.
I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?
Don't be fooled by the many new high-yield projects on the market. The high profits mentioned by the project party are their fraudulent means to attract more investors, and it is their mode of operation. In-depth research must be done before investing in a project to ensure that the project has good potential and profitability in the future. |
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If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50 on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?
It sounds easy, but few people are able to save a fixed amount every month. Because everyone has different living conditions, different abilities and different incomes, not everyone has enough money to save. When the income earned can only cover our daily needs, we have no extra funds to save. |
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Bitcoin is not trying to destroy altcoins, they can coexist and give different benefits to investors.
Some altcoins eventually die on their own. Some coins are not strong enough to survive a bear market. And Bitcoin can persist until the bull market comes. It is still in the early stages of encryption, and the future of Bitcoin is more potential and powerful.
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I have been working as a freelancer for years, and I have saved some reasonable sum of money. now knowing the full potential that cryptocurrencies have, I am now confused on what to do if is to invest in cryptocurrencies or to establish a business while still working as a freelancer, I don't know the one I should do at moment, if to invest in cryptocurrencies or to establish my business.
You can do both investment and business, invest in cryptocurrency with a small part of the money, and start a business with the rest of the money for diversified income. Investing in cryptocurrencies is always risky and requires investing time in understanding the crypto market and learning about investing. If you start investing in cryptocurrencies, it is recommended to start by investing in Bitcoin. It is the most trustworthy and valuable cryptocurrency, and long-term holding can make profits. |
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I will support Elon Musk if he creates a stablecoin for Twitter
I will support Elon Musk if he creates a stablecoin for Twitter and also pays users for free, If Elon Musk pays $1 million per user per day, it would make the world rich quickly, Moreover, it will also provide liquidity to Bitcoin and other cryptocurrencies. I didn't support Mark Zuckerberg because he wanted to become the richest person in the world by creating more assets as a stablecoin and because Mark Zuckerberg wasn't even interested in Bitcoin, I refused to give approval to the US and European governments either. If Mark Zuckerberg had created a stablecoin, it would hardly have benefited users.
I don't think he will create his own stablecoin. It doesn't make sense to create a stable coin for Twitter, he won't pay users. He's just going to create more opportunities to get as much money as possible as fast as possible, find other potential assets and make investments to increase his wealth. |
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It is difficult to predict the next cryptocurrency boom, and many unexpected things will always happen in the encrypted world.
Bitcoin’s next halving taking place in 2024 could be the industry’s next big thing. At the same time, the Web3 project will also receive the greatest attention. There are many such innovative ideas and potential projects emerging, where we can find hidden gems. Wait for the next crypto boom to change and move the market.
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Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity. 1. The United Kingdom together with it lawmakers have support the use of bitcoin as a mean of financial products recognized as currency for exchange, while recently was the news aired about the new UK prime minister Rishi Sunak while the Canadian also have the support of their candidate Pierre Poillievre as for their prime minister, both the government and political powers are seeing the light that comes along with bitcoin and have their public opinion and expression made in support for bitcoin adoption. https://twitter.com/WatcherGuru/status/1584948976897626112?t=IwuH_cEZOnE0LzGcrwUvbA&s=192. Bank of America has notably suggest bitcoin as a finite asset with fixed supply and recommends it for a safety investment https://twitter.com/BitcoinMagazine/status/1584913675328147456?t=gzZtHcxRq2qmuwb-OTqAnA&s=193. The CashApp financial system have also supported sending and receiving payments through the bitcoin lightening network, more details here: https://twitter.com/BitcoinMagazine/status/1584876286089928704?t=t4Uo3D9TYZOcVW3HxO6FGg&s=19There's no boundaries or limitation to the widespread of bitcoin adoption and it acceptance in any financial and economical settings, this makes it more courageous to go for bitcoin even as this present general economy downturn with inflation everywhere, bitcoin has been spotted on several occasions to be the best alternative to this, learn about bitcoin today, invest and hold, bitcoin is a profitable investment and asset. Investing in Bitcoin among cryptocurrencies is also a must. The market is still in a bear market, and its volatility means that now is the best time to buy BTC and hold it for the long term. Compared with fiat currency, Bitcoin is scarce, so holding more BTC can make our money more valuable. When there is enough patience and long-term holding, the return on investment will be rich and profitable. |
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Crypto is here to stay, cryptocurrencies will always get stronger, but it may take some time for us to recover. Crypto is the future and now is a great opportunity to try to seize or explore the space and build a more profitable portfolio. Choose to focus on the positive, to see the bigger picture and take a longer view of the crypto world.
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What lesson did you learn from the market this week?
I personally, learnt to always take profit.
Trust no one in the crypto world, not your keys, not your coins. Do not invest all funds in the same project, diversify investment andtaking profits is a must. |
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Basically, yes. Bitcoin is a very precise future money. In fact, Bitcoin can become a global currency to facilitate transactions globally, without the need for complicated administration and high fees.
However, this will not go smoothly because many parties still do not approve of the use of Bitcoin. Why? Because Bitcoin has no backup, is not controlled, is very volatile, and is also at risk. That is always their reason. In fact, there are actually many positive sides that can be used. But then again. Currency is usually associated with government regulation and control. Hence, it may not be completely successful.
Bitcoin is the Final Boss. It gives everyone in the world the property rights to protect themselves. Bitcoin is not controlled by anyone, it is owned by everyone. It has helped many people around the world achieve financial freedom. The characteristics of Bitcoin make it have better development and value-added potential, but it does not necessarily become the future of currency. |
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Since I joined the crypto world has brought real changes in my life, most importantly my financial life, seeing beneficial effects financially. Although Bitcoin has not helped me achieve financial freedom, it has given me the right to control my finances.
Crypto has allowed me to live a better life, and I hope that in the future, I can go from financial independence to financial freedom.
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