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There is noticeably nothing as Elon is interested on dogecoin and so on. He just makes some predicted and tries to make the market manipulated. He gave a try and it responded well. Recently he once again mentioned baby doge, but the time the market isn't affected much by his tweet. It is all about the panic that gets created relative to his words. Maybe tomorrow he can make a statement on a coin without much of volume.
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Earlier when I was new to the bitcoin usage myself had a feeling of happiness and pride thinking of being one in 21 million among the entire global population. By that time I don't have a single bitcoin, but have big hope which is what gave me happiness Money is the prime factor that drive people towards bitcoin very few are passionate and are into cryptocurrency usage
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There is more price predictions that market won't go down to $30k any more. I don't believe in it, because once after the previous bull market reaching price above $20k there is predictions it won't fallback below $15k. This is believed by majority of the users, but the market reached the bottom around $3500. So, it is all about the cyclic movement. There is less chance, we can't say there is no chance of better golden opportunities in terms of low price.
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Covid-19 has affected the progress of Bitcoin on the positive note. The userbase have increased drastically as a result of pandemic which made people to do everything online. Compared to the previous years of market adoption and usage, Bitcoin usage in the last two years have increased to the peak. I'm sure about the market price of bitcoin to stay around $25k to $30k if the covid-19 spread hadn't taken place.
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There is no proper understanding about the market, thats the reason why it is termed as hype. People are into healthy discussion about the market, and there is no manipulated growth in recent days. At times the whales make some market manipulation, but that doesn't last long. Hype means giving importance to something undervalued, here iteis valuable and the same is bouncing through its increasing usage.
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The market has moved on the bullish path in an unexpected event where there is big expectation with ethereum. There is some form of mutual growth with bitcoin and ethereum. There were more other cryptocurrencies that have shown much higher percentage of growth during the same time period, but those weren't into discussion. This is all because of the trust not bitcoin and ethereum have gained over its long days of travel in the cryptospace.
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Everything has got good and bad. Whatever we do on earth makes some harm to the environment, and everytime bitcoin was connected with the increased electricity usage as the major harm. This is like praising the usage of electric vehicles usage. The co2 emission from combustion engine is much low compared to the co2 released on the process of manufacturing lithium battery. There'll be more other things harming the environment, but some people's eye has the visibility on bitcoin mining alone.
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Individual privacy is much concerned. In the name of governance there are very big restrictions on different nations which we could've never thought. Recently read an article in which a government itself have used a software named Pegasus to record the communication made by the people, particularly the political people. This is how the governments working, in such situation people want freedom and for that people prefer anonymity. Governments weren't able to disturb the anonymity of the network that's a big suffering for them.
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Analyse the root of the project and the team. When a project is being developed and launched by an established firm or one with a good number of userbase gives the confirmation of growth. This has happened with several projects, and these aren't mere hypes. When such projects get launched it is very hard to participate on the sale, very few get lucky to make profit out of it.
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While holding we give maximum importance to the security of the wallet. We use different forms of security enabled to keep our holdings safe. Same as this it is more important to have our private keys shared to someone close or with our family, because we don't know the truth about life. The private keys need to be shared in such a way, it can be used only after his/her death. This is possible through some bank/private vault services.
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The growth is happening in the fast phase. Myself saw the price of bitcoin around $40k and suddenly a notification popped Bitcoin crossed $44k along with ethereum $3100. It was completely unexpected, because the growth from the range of $30k to $40k took place all of the sudden and expected gradual growth. Now its time for short term trading profit as we'll see some fluctuation before crossing $50k.
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Users have discussed about the different options and features available on the exchanges that can be used to lower the loss. Rather than the scripts thinking, human beings were able to think good. Upon this it is good to take immediate decisions or have alternate plans prepared to overcome losses. If you've bought a token for $10 and you find the trend change causing the price crackdown to $6 gradually. Here what'll you do to overcome the loss, just gold or sell when it is on the declining path and buy at the bottom to cover the losses.
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BNB crossing $1,000 is the easiest market attainable if the bull run comes again. And looking at the utilities created for BNB, one can easily conclude that BNB can easily surpass ethereum in price.
BNB is a gas used on binance smart chain and it is also a requirement for launchpad on binance exchange. These two utilities alone are enough to put BNB above all others, including ethereum.
Exactly, BNB is the fastest coin to skyrocket during a bullrun market, the number of BNB-based projects is certainly the most important driving factor that makes the use of BNB very large, I'm sure if bitcoin price can reach at least $50k then BNB price can reach at least 3x from now. I'm not sure about the price reaching $3k+ value. My choice and belief is BNB will be having good growth unlike the market, because it is the one backed by the leading crypto exchange. Whether the market is bullish or bearish the market circulation continue to happen. This won't disturb the BNB growth much, maybe it can get hold for some time period and return on the growth side. |
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That state of the market In this situation, if I buy some coins, will I gain or lose?
I want to buy some coins, I want your advice
No one can tell you that you'll gain or lose if you buy this or that. What we can assure you is that you're going to experience the volatility of the market. and the risk as that is part of the investment strategy, and also we must experience losses first for us to learn and be careful in the next tries . But if you want to survive, there's no other better choice than bitcoin. You've got to have it as it's the best choice that someone can tell you to buy even if we got again a bear market.
and buy now than be late , there are many chances given to us but we always deny because of our hesitations and in the sooner time we will feel regret as of this denial . Those people that have heard us that they should buy while they see the market not mature yet, they are taking it for granted and thinking about the negative impact of the market. They see only the bad timing of the market but they don't consider that it's the time that they should keep buying before another bull run comes or when this bull run comes back. Thats the common thing with cryptocurrency. Whenever the market turns bearish it is good to invest as much possible. For this what you need to do is watch the market and find the right point to sell and buy it back. At some instance we might miss the selling at the peak and if you find the market is turning bearish go sell it to record some profit through buyback than holding it. |
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Localbitcoins is a KYC exchange. Whether you need to buy/sell it is a must to have verified KYC. The profit margin varies depending upon the traders. What you think can be done if there is price difference between countries. Apart from this arbitrage trading is possible between exchanges, but most of the time the exchange crossing all fee and other expenses final price will be almost the same.
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We can't come into conclusion on any of the cryptocurrency. The market trend keeps changing along with the real-time usage and adoption. More the real-time usage more is the growth. Same as that we had ERC 20 platform now most projects prefer the Binance smart chain. This shows the growth of Binance at a good phase, but I don't know how this gonna go beyond ethereum.
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The year 2020 made us realize that we should be prepared for anything. So many jobs have been lost, businesses and establishments were closing. Schools have closed entirely as well.
So we are now into this new age that most of the things we are doing are online. Food, grocery, shopping, and most importantly, education. Schools have created modules for what they call distant learning. I know this is not that new, but I am just curious to know if this pandemic will change everything we know about.
I am not new to crypto or blockchain but I don't have any extensive knowledge regarding the technicalities. Do you guys think that there is a use case for blockchain on online education?
There is no online education on blockchain. So far I only know that blockchain is for financial transactions. It could be that with the condition of a country that is experiencing a pandemic, a new breakthrough has been made so that blockchain can be used for online education. BlockChain usage is wide and can't be limited within specific benchmark. The recent pandemic have helped the widespread and wider usage of blockchain technology. People have a thinking that blockchain is for the development of financial infrastructure. It helps with the financial management and gives transparency in each and every data added to the chain. The same process can make the education system and the process involved more effective than the other forms of providing online education. |
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If he had purchased and left to some other country. Now he might be in big trouble, because in some countries police doesn't know about bitcoin. Maybe the police might've taken the receipt as if taking a piece of paper. The user should've secured it in a better way than carrying in his pocket. There is chance, official stating they haven't kept the paper as it doesn't have anything to support the case. If so, the user is completely helpless.
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