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Any trader (no matter, beginner or experienced) loses money. The only question is how many percent of the deposit. Experienced traders develop their strategy and limit risks during trading, while newcomers often neglect this rule.
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It seems to me that over time many more people will appear who will try to appropriate Satoshi's fame. I am sure of one: none of these attempts will succeed. Personally, I think that this was not one person, it was a team of smart people.
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I think that in the situation with bitcoin mining, it is unlikely that anything will change in the future. Perhaps there will be less harmful production, but not significantly. Unless other computers will be invented that will perform this work better, but it is not known whether the production of these computers will not harm nature.
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I think that you first need to practice trading small amounts of money in order to understand how the market works and get minimal experience. Then you yourself will understand what type of trading suits you best. Good luck in acquiring knowledge and experience.
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In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
Bitcoin did not and will not save the world from economic disaster. The number of cryptocurrency users at the moment is too small to globally affect the situation. At the same time, since the creation of Bitcoin, the correct vector of development has been set, which will change the world in the future. |
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The political situation in the world at the moment is not the best. However, in times of crisis, ordinary people and investors will go into assets such as Bitcoin to preserve their savings. Also during the crisis, many people buy gold and silver.
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I use to lose most of the time in trading and it's giving me headache. I want to ask to you guys which trading pair is better preference in bear/bull markets, whether you trade with BTC pairing during bull market or USDT pairing in bear market? I need a suggestion from community.
I think that in any case, a beginner needs to trade in a pair to USDT. When a person already understands the features of the cryptocurrency market, then you can go to the trading pair for BTC. Although sometimes it is better to trade only to BTC. |
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I constantly follow the charts in search of an interesting point to enter the market (in my opinion). You can trade anytime, anywhere. The main thing is that this does not cause any inconvenience to anyone.
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I think that a little bit people who are interested in earning money from manipulation come to the cryptocurrency market and these people know their job. Everywhere there are those who set the direction of movement and those who jump onto the train along the way. As for decentralization, this is a difficult question. For 100 percent, it is not known exactly who the bulk of the miners belong to.
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Of course, now the time for ICOs projects is not the best, especially after a huge amount of fraud in this market. But still, I think that they will continue to exist and sometimes even raise enough funds. But when there is another bubble in the market, the amount of scam will increase dramatically.
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Definitely, cryptocurrencies will not disappear. Only those coins that do not have any benefit in themselves will disappear, do not solve any problems and do not find a response from investors. Moderation on youtube has recently tightened.
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Of course, over time, bitcoin will become more and more scarce and its value will only increase. If there is an opportunity to invest in this cryptocurrency, then you need to do it. It will be a very good long-term investment.
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If you are a new person in the world of cryptocurrencies, I would not recommend investing in new currencies, especially currencies with low capitalization. It's best to start with proven cryptocurrencies such as bitcoin or litecoin. But if there is money that you are not afraid to lose, then you can take a chance.
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I do not think that it is worth paying close attention to certain days or regular events. You need to look at the situation as a whole and make trading decisions when it comes to investments or trading.
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No one is immune from scam. This market brings good money, so there are whole attack groups that organize global fraudulent schemes. If you are investing in a new project, be prepared for the fact that you can be left without your investment.
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I think that it’s not very convenient to use bitcoin as a payment for goods or services. It does not depend on income taxes. It is just not convenient. I think for daily calculations there will be a stable and generally accepted cryptocurrency. But these factors will not affect the number of Bitcoin holders.
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I’m not sure that Bitcoin can be the world's reserve currency. Primarily because of its volatility. But, in the case when the capitalization of bitcoin will be ten times greater than now, then this scenario is quite possible.
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Bitcoin as a locomotive pulls the entire cryptocurrency market for itself, and in the first place it all depends on the developers and the community, which promotes the ideas and technologies that Bitcoin is based on. Next year will be no less interesting and exciting than 2019.
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I do not think that in 2019 the cryptocurrency market finally turned around and began a new phase of growth. In any case, it was a rather interesting year in terms of important events, which are very important in the future.
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