If the OP had asked a similar question on a forum where traders trading on the stock market communicate, the result would not have surprised anyone. After all, if we are on the Bitcoin forum, it means that we have made a choice for ourselves which trade suits us the most.
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* for shine inu to reach $1 the market cap, will reach billion of dollars for that to happen and that is quite a lot of money.
No, if Shiba Inu reaches the value of $1, the Market Cap will be almost 550 trillion dollars, since the Circulating Supply is equal to 550 trillion dollars. And given the fact that the Market Cap of the entire cryptocurrency market is $1 trillion, we understand that the price $ for Shiba Inu is simply unrealistic.
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Can shiba inu ever get to $1 in the next bull run or more years to come?..
Considering the fact that Shiba Inu continues its campaign to burn toxins, which should lead to a decrease in Circulating Supply, and this, according to the laws of the market, should lead to an increase in the price of the coin. But we will not see an increase in the price of Shiba inu to $1 in the near bull market, since Circulating Supply should decrease by at least 1000 times.
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We have seen many success stories related to cryptocurrency, but those who have lost their money have already left the forum and will not be able to tell us their story. And what kind of story can the OP tell, who obviously, because of his inherent modesty, decided to keep silent.
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I don't feel anything much when I have 'em funds reducing in it's cap, market value cus I know it'll certainly go up and I'll get to recover my loses...
If this were really the case, then investing in bitcoin could be considered as a guaranteed income. But we all know that any investment, including in bitcoin, does not guarantee profit and very often such investments lead to losses. That is why we should invest only what we can afford to lose.
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I really agree not to use borrowed money to invest in crypto because it has a big risk where we have to pay back the borrowed money every month...
Many face a problem when they need to take out a loan from a traditional bank due to a low level of income to repay the loan. And as a rule, such a problem is solved by them due to the leverage provided by the exchange. Sometimes very high, which leads to the loss of the deposit.
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...If bitcoin is prohibited in your country, there is no need to teach the kids...
Knowing how the blockchain functions and what role bitcoin plays in this is not a violation of the law. Therefore, the OP can pass on theoretical knowledge about bitcoin to his children, if they are really interested, but at the same time draw their attention to the fact that trading in cryptocurrencies is currently prohibited in their country.
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When investing in cryptocurrency for the long term, it usually implies that even if you bought at the worst possible time and held for a very long time, you still made a profit each year. By simply holding long-term investments.
If you're talking about cryptocurrency in general, then I can say for sure that it doesn't work that way. Most altcoins, even if you hold them for a long time, will not increase their value, but on the contrary may decrease even more in price. For this reason, you should invest in time-tested coins and, first of all, in bitcoin.
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...I'm confused, should I invest in bitcoin or other coins? In my friend's opinion, he suggested investing in bitcoin. But what do you think, is it better to invest in bitcoin or other coins?
Bitcoin is a more reliable coin, so the risk of losing your money will be much lower than when investing in altcoins. This is the recommendation that beginners should adhere to, since they cannot independently conduct research and choose several of such a huge number of altcoins. When you acquire the necessary knowledge and experience, you will be able to independently choose an object for investing in altcoins, which may bring you more profit than when investing in BTC.
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...so I plan to buy bitcoin and will invest in bitcoin for the long term, with the intention of paying for my children in the future, such as for school capital and my child's future marriage.
but I am also aware of the risks of investing in bitcoin, but I personally am ready for the risk of investing in bitcoin...
It's good that you understand all the risks of investing in cryptocurrencies and that instead of financially supporting your children in the future, you may be left without money. Nevertheless, you have made a good decision to invest in bitcoin, especially since the price is not high right now. I think it would be optimal for you to make BTC purchases 1 time per month.
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...Therefore, selling in an effort to time the market is typically not a wise idea. Possibilities to do so are uncommon, and only a small number of people possess the ability to take advantage of those opportunities...
It all depends on whether you are a long-term investor or you are a trader who uses any movement in the market in order to make a profit. But if you decide to increase the number of coins in your wallet, wanting to sell and buy at a lower price, you need to use a stop loss so as not to be without coins in the bull market.
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...so in my opinion, don't invest from borrowed money because there will be potential losses, what do you think, do you agree with me?
You can take out a loan only if you can reliably predict a profit, which is impossible in the cryptocurrency market. So if you take out a loan to invest in cryptocurrencies, it will be similar to a casino: you either guess and get a profit, or you lose and lose the deposit.
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...I hope you realize the benefits that Bitcoin can give you in such a scenario. Although LN is still in the early stages it can seriously disrupt banking infrastructure.
As I understand it, you are new to the crypto community and therefore your comparison of bitcoin with traditional banks is not entirely correct. It all depends on which bank you use. I have not encountered such restrictions, using the mobile application I do not have to contact bank employees directly and gives me the opportunity to use it seven days a week at any time convenient for me. As for bitcoin, there is no such opportunity in my country to buy the goods and services I need using BTC.
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To avoid such project is the solution but since some investors are risk taker, they still buy despite of the uncertainty and depend on their luck on choosing the project. ..
If you invest in new projects and don't have enough knowledge to conduct a comprehensive research project, then it all becomes like a casino. But even if you are lucky for the first time and you guess with the object for investment, which is almost impossible, in the future you will still make a mistake and lose your deposit.
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...How to stop that kind of scam? And what is the proper way to save the Newbie from the honeypot?
The easiest way is to stay away from all new coins. It is very difficult for a beginner to conduct a comprehensive study of the project, so you may make a mistake when choosing a coin for investment. In this case, you will not be able to buy a new coin at an early stage and, accordingly, there will be no opportunity to get a big profit, but the risk of losing your money will also be lower.
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...Moreover, as time progresses, the interest of children towards Bitcoin is increasing day by day. Would it be reasonable to keep young children away from Bitcoin in the context of my country?..
In this case, it is dangerous not only for children, but also for your family members who are directly involved in cryptocurrency. You should be more careful, and the less your children know about cryptocurrency at the moment, the less likely they are to unknowingly be able to reveal your secret.
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We all experience this situation where we regret selling assets at a lower price because of fear, everyone is guilty, and we always hold, but in some instances, we let go of something that is very important there are...
Almost everyone experiences FoMO and it happens when they sold coins too early and when they didn't do it. It is better to sell the coins not at the very high, than to regret later that I did not sell them, and the price dropped to almost zero. In any case, there is no need to regret the lost profit, it was not the last opportunity to make a profit.
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...The editor of Daily, Teeka Tiwari, is a long-term bull on crypto but he advises caution and patience in the current market. He believes that there are several negative factors that need to be worked through before the long-term rally can restart...
They didn't say anything new, as everyone should know that the cryptocurrency market is very volatile and it is necessary to take care of your funds. It is the responsibility of each investor to assess the current market situation and if he sees that there are prerequisites for a change, he needs to take action to save his deposit.
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With the current state of market trust what will incentivize the average person to use bitcoin over a CBDC?..
Since CBDC is one of the forms of money, it will be in circulation on a par with cash and non-cash types of money. And you will be forced to use it, since you will not be able to make calculations in bitcoin everywhere. In this case, such competition will not have any significant size.
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...And you? ..
The volatility of the cryptocurrency market, with knowledge and experience, allows you to earn an additional profit to your main job. For some, especially successful, it has turned into the main place of work, which allows you to provide for your family and invest in the real sector of the economy.
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