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True! I'm also not a fan of sale. I discovered it before in a nearby mall when I happened to passed by a boutique. I saw a very good sandals. The day after that day was on sale so I said on self that I'll wait until tomorrow to buy that stuff. But instead of marking down, it's price even got higher. Sales are just bluff and trap. They are riding the mentality of many people that even if they do not need, as long as it's on sale, they'll surely buy it. Buy only what you need, not what is just on sale, otherwise you'll end up selling it soon.
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I also love hodling some ETH, BNB, LTC, XLM, TRX and ADA though my funds are not that huge. I'm taking chance somehow that these might pump really hard one day 'coz they are unarguably good-performing coins through these crypto years.
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New article on BlockChain24.co made me realize that I've never bought anything with Bitcoins. I mostly consider it as an investment target. Is it right? Cause this is a currency after all. And you, are you buying something with BTC? Basically, BTC is a cryptocurrency, "currency" meaning it is intended to be used to purchase something. But since people saw it grew in value dramatically and drastically through the years, they see it more as an asset or investment that will bring fortune or luck in the future. Honestly speaking, I also see BTC that way. I prefer hoarding and trading it than paying bills with it. I have seen that its supply could go scarce, meaning it could be as precious as gold. Actually, it's more expensive than gold now. But the sad truth is since it is highly volatile and is not physical, it could burst out any time soon. So to be safe, don't invest in BTC more than you are willing to lose, otherwise you'll go insane when it burst out like a bubble. |
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From an emotional point of view, what emotions drive you to adopt cryptocurrency?
Fear of the government? Desire to get rich quick? The desire to be a part of a movement? A little bit of each?
My emotion is torn between two: the strong desire to be one of the early adopters and of course, it'll follow that I'll gain and thus become rich. But it's more of leading the movement as early adopter. It just feels good to know when this crypto thing succeeds, you are one of those who stand by it during its gloomy phase and supported it. Undeniably, you are part of its success. And that, I believe, would pay off one day. |
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Not necessarily secretive the way OP feels, but a bit careful perhaps. When you start telling them what you are doing, oddly enough that you will end up answering endless questions. Some are out of curiosity while most are out of sarcasm. So to avoid these unseeming situation, I prefer not telling anyone especially those who cannot relate to it. But if I sense that they are really interested and open-minded, I share my knowledge about crypto trading with them.
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I do have Ledger, and I store it there. I only send to exchanges the coins I am going to sell, and I do not trade all my assets. Usually those I gain from profit are the ones I trade. I also trust few exchanges to trade my asset on. I look metoculously for features and reviews to avoid losing funds.
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If you feel that it might drop, you can sell it now to be safe, then wait for the dip then buy back. But make sure with your analysis that it will really dump, and don't just rely on others' FUDding for better gains. BNB is a good-performing token, so better not lose it in your portfolio.
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This is the saddening reality in every economy. The prices of commodities overtake the worker's compensation, rendering the worker always in negative position or deficit. This is maybe because wage hike are often irreversible.For instance, when prices go up during inflation, it goes down also during deflation, but this is not the case with salary. They cannot revert it whenever deflation, that's why companies are a bit cautios regarding this decision. Reason why it's better to have a small business than a job where your success, time and salary is bound to the company's decision.
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Well, that is just Elon Musk's crazy claim. It's their idiomatic expression to prove their greatness in this business. Anyway, why not? If there is life in Mars and financial system is running there, then not even Elon Musk would try to introduce crypto there for sure.
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For example : if you buy a flat with bitcoin and few years later the bitcoin value decrease... Your flat lose his value as well.
What do you think about this argument?
This statement is inarguably true. Of course, as the price of what you purchase changes, its value also changes. Same thing is trye even with physical commodities. They may also lose or gain value. But this doesn't mean that you cannot use crypto as money or as a mode of payment just because it is volatile. Even fiat is volatile. You buy dollars, per se, then you'll trade it with euro when the price suddenly dumps. Does this mean you cannot use the dollars that you bought to purchase goods? Of course not! The issue here lies on the volatility rate and movement, how high and low its volatility is and how fast does it change within a specified time. |
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Nope, I don't think you're late in buying bitcoin. It is still undervalued, and though it plummet agan in the next days, one thing is for sure, it will soar in the long run. But of course to be safe always wait for a pullback so that your profit will really be worth all the stress in trading. Surely, there will be a pullback in its current price. Don't rush when in comes to buying and don'make stupid, impulsive move.
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I also believe the way OP thinks. The sudden surge smells fishy. This might be a bull trap. Many are linking this event to what had happened in 2017, but this could just be another market manipulation. Some people might be behind this and they might be riding the parabolic pattern last 2017, so be wary.
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For me, it's more on strategy. I'm not saying that I don't look at the TA or the technical side, but I don't rely on it 100%. It's often misleading and manipulative, as ran by the whales. So I'd rather trust my own strategy that be a stupid subject of greedy whales' manipulation.
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I won't sell if I was caught with a big loss. I'll just wait for the price to go back to its normal price. I'm certain that this won't be long. It's just the normal and initial reaction of altcoins to the drastic surge of BTC. But since they are correlationally proportional, green days for altcoins will come as well once the correction is over. I don't wanna lose even bigger for being impatient.
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Yep, it's surging so fast, so fast that I get scared of its dramatic rise. As of this writing, it's worth $8k. Looking at its RSI, there will surely be correction. What bothers me is what's next after that correction. Will it continue to bullrun, or is this just a bull trap? But whatever happens, one thing is for sure, if not now, bitcoin's rise will be inevitable.
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Yep, BTC is still a good buy. It reached $20k, and without a doubt it will even surpass its ATH, looking at its graphical history. Undoubtedly, BTC is still undervalued now, so the price now is a good catch. We are looking at the future, and the future of financial landscape is crypto. Just think of it as an investment that could bear soon or years from now, but at least its future is clear and gain is sure.
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Kucoin Shares, Ziliqa, Zcash and Dent are good buys for me. They are alive projects, and their devs are really serious about making them boom. They were just hampered down by the plummet of the market. Well, anyway, even established altcoins were affected as well. Altcoins are correlationally proportional to BTC so if this pump will continue to bullrun, you'll definitely gain big in altcoins. Just be cautious and wise about the amount you will invest. Do not invest what you can't afford to lose.
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Almost every ambitious altcoin claimed this "dethrone" thing but still up to this date, nothing succeeded in doing so. Let's just face it that BTC is really too strong and stable, and the community backing it up is so solid. I do not say that BTC won't be dethroned. Nothing is indispensable, especially in this fast-paced crypto sphere, but definitely it's not IOTA. There are lots of good crypto out therethat have more huge potential than IOTA like ETH, BNB, XLM, EOS and LTC, ADA.
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