...For all you TA guys when would be a good time to sell just to give me an idea? Thanks.
This is the problem that it is very difficult to accurately determine the beginning of a bullish trend, investors miss the opportunity to sell their coins at the maximum price. This is due to the fact that it is very difficult to correctly identify the process of distribution and accumulation. For this reason, investors partially take profit when the price reaches another resistance. |
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...So if governments start issuing CBDCs in the near future, we will surely be in for more shocks. But I hope that cryptocurrency will survive in the meantime.
Based on the experience of China and Nigeria, where CBDC is already being introduced, such an introduction entails a ban cryptocurrencies in the country, including stablecoins. Thus, the government excludes any possibility of stablecoin competition with CBDC. Other countries may follow this did path. |
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...what do you think causes people to behave like that, namely always buying at high prices,? but when the price is cheap he doesn't want to?
The main reason when a coin is bought at a high price is greed. In such cases, the beginner is possessed by Fomo and he calculates how much would be able to make a profit if he held this coin. When the price is low, fear is the main reason not to make purchases, as the price may decrease even more. |
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...I buy when the price is low and sell when the price increaseses.
You have chosen the only win-win strategy for yourself. And it could be called guaranteed earnings if you really could always correctly determine where the minimum and where the high prices are. So if you are lucky enough to correctly determine the price movement, then this does not mean that everything will be so simple in the future. |
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Did everyone manage to sell when bitcoin hit $25,000? I didn't because I am for the long term. Although it's not going to hurt to take some actions and start selling when you think that you've got enough. Even though there are some times that we have to think if we're for a long term still, we need to make some short term profits. Well, I didn't do anything as of now and keep my holdings sitting because I think that it's more rewarding in the future just as what we've seen in the past.
If you are a long-term investor, then you should not be distracted by such a price change. At the same time, it is now a good opportunity to open a short from 25 thousand, as there is strong resistance here and this provides an opportunity to open a deal with a short stop loss. |
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It can definitely be said that the regulation of cryptocurrencies primarily protects the investor by law and, accordingly, will reduce fraud in the market. And this will attract a lot of capital with a lot of money to the market, which will increase the market capitalization several times.
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...Secondly, how and why is someone making predictions 30 years from now? The world might have ended by then. On what data is someone making such a prediction?...
Such long-term forecasts have no value, since it is very difficult to imagine what the world will look like in 30 years. And such forecasts are made for the sole purpose of attracting a lot of attention to themselves, since it is impossible to verify the correctness of the forecast. |
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...The struggle in any markets is eternal. It is possible that it was not without reason that SEC began to actively put pressure on binance right now, whereas before that she seemed not to notice their activities.
Binance has had problems with regulatory authorities since 2018, which was related to the exchange's compliance with anti-money laundering laws. And since then, the exchange has been constantly under the gun of regulatory authorities. Obviously, Binance has decided to interrupt this series of investigations, voluntarily agreeing to pay all fines for past violations of the law. It is not yet known how much the past violations will be assessed, but it is obvious that the amount will be large. |
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Can someone be addicted to trading? This is very surprising to me and I am still still skeptical about this...
You can be dependent not only on trade, there is such a term as a workaholic - https://en.wikipedia.org/wiki/Workaholic - "is a person who works compulsively. A workaholic experiences an inability to limit the amount of time they spend on work despite negative consequences such as damage to their relationships or health". |
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...I strongly believe that bitcoin is one of the best investment someone can invest but the question is how can I do it I really need the help of this room please
Theoretically, there is nothing difficult to make a profit from bitcoin trading: buy on the bottom and sell on haight. But this is only in theory, in order for it to be in practice, knowledge and experience are needed. Simpler for a beginner is the bitcoin holding strategy, when you buy BTC and hodl till of the goals you have designated. |
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In his last tweet from February 15 - https://twitter.com/elonmusk/status/1625695877326340102, Elon Musk introduced the new CEO of Twitter, which Floki acted as. After that, the Floki price increased by 100% overnight. Why did Elon Musk not promote Doge, as he did earlier, but preferred Floki to him? Has he changed his priorities? |
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...BUSD can also be pegged with any other Local currency such Yaun, Ryal or another currency it has low possibility but still its possible for now feel safe with the USDC
If BUSD will be tied to any other local currency, then it will be something else, but definitely not BUSD. And I am sure that investors will not trust the new stablecoin as well as they trusted BUSD, because no local currency can compare with USD. |
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The level of security that Binance provides when making p2p transactions is the highest, but for this you should follow the rules perfectly. Nevertheless, I choose a trader to make a deal who has a high percentage of positive reviews. At the same time, it should be understood that not all traders leave positive feedback after a successfully completed transaction.
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...Now that we know USDT and USDC are untouchable by SEC for they are issued by US companies, I guess there is more to trust these stablecoin than any stablecoin issued by anyone. Therefore, USDT is safer at least that's what it appears to be.
The issuer of BUSD is also an American company - Paxos Trust Company, and this was the reason that they had to comply with the NYDFS order to stop issuing BUSD. So the closer the company is to the American regulator, the more likely it is that at some point they will be under their close attention. |
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Even though the SEC has some issues with them but still I have some trust left in these stablecoins (Busd and USDT). But then, if we talk about holding them for long is another story and it is quite not ideal in their current situation, it might change when they settled it down and close the issue. However, we are still cautious with our actions.
I'm still using BUSD and I have no problem yet which is why I still consider this coin important for me. But for those who already have doubts, I guess you don't need to urge yourself.
And what positive solution can be expected if Paxos Trust Company has already stopped printing BUSD and started burning it. And Paxos has already started burning BUSD, here is a link to the first burning of 61 million stablecoins: https://etherscan.io/tx/0xcaefe0fa62e58eaa0ae18e66cf1923d2f70b8d635ca290a321d6beefe8277725 As follows from Statement Paxos, you can use BUSD for at least another 1 year. |
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This is made worse by the fact that it seems that Circle itself is stabbing behind Paxos, it can be said that the future of stablecoins is putting a new order and the advantage is in USDT.
Yeah, I just read that it was actually Circle who filed a complaint against Paxos. This might be Circle's way of retaliation against Binance who "delist" USDC by auto-converting it to BUSD a few months ago. Guess now Binance will either increase their reliance on USDT or "re-list" USDC. Curious how they're gonna handle this. I don't think that after Circle initiated an investigation against BUSD, CZ will decide to return the USDC listing to Binance. But there is also no way to make an equal replacement for BUSD, whose trading volume will decrease in the near future. So all trading on the Binance exchange will be concentrated in a pair with USDT, which will significantly strengthen its position in the market. |
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What do you guys think about BUSD? Do you think it's worth using over USDT?..
You have chosen the most unfortunate time to exchange your USDT for BUSD. You obviously don't know that the Paxos Trust Company, which is the issuer of BUSD, said that it stopped issuing this stablecoin and decided to burn it at the request of the SEC. |
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Today one big argument about Stablecoins is: "Stablecoins are no investment."
But this is fan's blindness or a blank lie (in some cases): The stability of Stablecoins is about to trade the Arbitrage. This is the way to keep it stable.
Isn't that just too vague to be used as a reason for calling BUSD as a security? Remember that SEC has set up the Howey test so which one did BUSD fail at? And what kind of securities does BUSD fall? Is it derivatives? They should probably update their definition and coverage of securitiea first. I am surprised by the fact that Paxos Trust Company did not even try to challenge the SEC assertion in court, but immediately agreed to stop the release of BUSD and has already started burning this stablecoin - https://etherscan.io/tx/0xcaefe0fa62e58eaa0ae18e66cf1923d2f70b8d635ca290a321d6beefe8277725. We are not yet fully aware of the consequences that this decision will entail. |
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...but is investing in bitcoin really safe or not? and do many lose from investing in bitcoin or not?....
There is no safe investment either in real life or in the cryptocurrency market. Moreover, you will have the highest chance of losing your money exactly when investing in crypto. But these risks will be lower when investing in bitcoin than when investing in altcoins. |
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