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Bitcoin was intended to be a p2p cashless digital money transfer system and it still is. But the moment volatility came along with the asset many shifted more attention to making profit by constantly trading it for other commodities as prices kept fluctuating. But how does it sound that an asset that has the potential of giving back a high ROI is spent like a common token. Bitcoin deserves some respect so i keep and make more funds for myself.
I think this is just human nature. Why would anyone think of the aim of bitcoin if they are at a loss? Though bitcoin is a long term asset and should be treated as one. |
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Indicators are important as they help traders to make more informed trading decisions. Without them, trading could become complicated. So, Yes, they should trade with indicators, but shouldn’t make trading too complex.
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So when it comes to Bitocin being valuable, scarcity is the biggest factor when it comes to value fluctuation. Bitcoin is the pioneer and made decentralized blockchains a real thing. Mining for bitcoins involves a great deal of energy and power , and can impose a major cost to miners. With volatility and technology driven society, bitcoin actually made blockchain based transactions a reality.
One of the more reasons why bitcoin is valuable is because it can’t be forged and changed.
Right! Scarcity is the main factor that makes bitcoin equivalent to gold. Many people have already started referring to bitcoin as digital gold. |
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There is no best age for holding bitcoin. One can invest in bitcoin as soon as he understands the market irrespective of age. Maximum of the bitcoin holders range from age 25 to 35.
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Do not trust any unreliable source. Hackers can filter the private keys and access the wallet and then steal the bitcoins. Be careful and smart enough to identify any fault.
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I agree with the OP’s point to divide the investment because it’s never good to keep all your eggs in the same basket. Half of my crypto investments are with capital wallet and another half with kraken. I’ve enabled an extra layer of security in both because I can’t take any chances.
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The whole crypto market is down but it is anticipated that the market correction is about to start by the end of 2022.
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Bitcoin is expected to rise upto $28K by the end of this year. This statement is released by Duetshe bank.
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I don’t know exactly about cryptos helping to fight inflation. But surely it can help as it helped Ukraine during the time of crisis,
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Depending on the time period of the investments and the financial goals one should decide whether to invest in bitcoins or altcoins. Bitcoin is a good investment for long term investment whereas, altcoins are good short-term investments.
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Many people thought about bitcoin like this, but we all know the truth when the price of the bitcoin reached upto $54 K.
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There are many statements being passed by Chinese state-run newspapers about bitcoin after the drastic fall of Bitcoin. But many investors are calling this a cycle. And I too feel the same. The market goes down but it also goes up.
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At that moment I felt sad when the price went down. But deep down I also know that the prices will surely bounce back.
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The cryptocurrency market can be highly manipulative and there are many market whales influencing the pricing.
But the price of Bitcoin will eventually rise irrespective of the increased prices of Dogecoin or ETH.
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Dip can be taken as an opportunity for making more potential investments. But, it is also important to know what cryptocurrency you should invest at that moment.
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I don’t think Bitcoin can dominate fiat. In earlier cases, fiat replaced fiat in dominance. Bitcoin may be used parallel to fiat.
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But one should also know what currencies to hold. One can’t hold any crypto without knowing its potential. It is said,”better to half loaf than to have nothing.”
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I want to believe people can post better.
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Yes. It could be very risky, especially if you are on a tight budget. So before investing make a plan. Beware of the risk. You should have something in your pocket for emergencies.
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This is the same as the crypto winters we experienced in 2018. And I won’t repeat my mistake by selling my bitcoin. I am going to hold them.
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