If any government applies the taxation system to a cryptocurrency holder that it most likely kills the initial idea of digital currency existence and use
Taxation should also be available if the governments exist. Because all public expenditures cannot be paid by their own pockets. We don't live in crypto world, so today's payment method is paper money.
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Two types of investors are their according to the market first one those who take it as an opportunity and purchase more and more bitcoin with holding their purchased coins.Whereas,some are those who are panic investors and selling their bitcoin and i m lucky that i belong from the first group of investors.
First type investors are called smart money and second ones are called as dumb money Smart money surfs between potential investings and makes a great income. Dumb money is something feeds the other party with their ignorance and experience..
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Ethereum is nervous decision for me because there was no trading plan about the ethereum's current plunge. Money is made by sitting no trading No need to rush things in order to accelerate the profits. Trading is tough and there is no shortcuts kinda get rich overnight bullshit.
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As we know how the market is reacting after the SEC decision. I just wanted to discuss what people feel about this. Is this something planned? I mean, I am not sure HOW can such major decision can be made like that of delay out of sudden and then getting the market crash. Is this not some sort of planned stuff or what? What do you guys think? https://www.asiacryptotoday.com/bitcoin-etf-do-we-really-need-it/I do not think that the SEC themselves will be making a decision to crash cryptocurrency. What would not surprise me though is if the members on the board who make decisions on ETFs and such are influenced by their powerful friends and acquaintances who may benefit if bitcoin or crypto were to fall. SEC's decision will have huge impact on futures of cryptocurrencies. There is no point to speculate the decision's credibility. We all need healthy grow on this industry and it will take time no matter what governments and agencies trying to do for destroying this section.
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I invested into some coins this January and my hope was cryptcoins are going to increase in price this year but the reverse is the case. I can still remember some coins that I bought around $24 and $25 dollars in January and I am still holding them. Currently those coins are less than 2 dollars respectly. I doubt if I will be able to be patient until price get back to were I bought them and I do seriously regret bought those coins at the wrong time.
I also have experience regarding to invest in wrong cryptocurrencies. I regret not to buying the cheap coins/tokens and later not selling it on expensive price. I doubt newbies will learn the lesson from this bear market which caused huge gap between high and low points of respectful cryptos.
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It might be true. It isn't known what will happen in the tomorrow or day after tomorrow. My preference is daily trading. The daily prediction is more easy than long term.
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Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?
The volatile nature of the cryptocurrency is known by everyone. When you started trading, you had to know it. Then you would not have asked this question. If you can not risk it, yes, the best is to wait.
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NOTHING. Bitcoin will just do what's its purpose and as we can see, the adoption rate of bitcoin from different entities from different countries across the world is increasing each year. So with the coming years, it is expected that it will ballooned to a greater percent.
If you pay attention, Bitcoin is the digital currency with the least price falling in the market. Also, this is evidence that Bitcoin proved himself on the market. I mean, although it was the first cryptocurrency, it won people's beliefs.
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Bitcoin was created to provide independence from Government control to the users. But I think it is not so independent.
It depends on fiat currency especially the Dollar for it's valuation.
My question is ; we are measuring it's value in dollars. So is not it true that Bitcoin is dependent on fiat currency for it's existence?
Please share whatever views you are having.
Kindly correct me if I am wrong.
For now Bitcoin is not the main currency, according to that we can say it depend on USD. You should see it as a currency. Imagine, you say EUR depend on USD and it isn't free. The shape of your view should be change.
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Social media is a good source for learning on how to use strategies and at what time. Just keep in mind that many traders offer their advice for a particular situation in a particular time. You should design your own tactics, at your own pace. There is no guarantee that everything you see in these guides will work out for you the same way it did for posters. Keep learning, trade, and draw your own conclusions. https://www.cryptocointrade.comYes, the ones written there aren't essential tactics. Nobody can say anything about it, because it isn't true that trader shares what he has developed for himself for years. Set your own tactic, and always do what you know.
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In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.
Absolutely right, every escaping chance brings one more behind. But, if that chance is also hard to find and it will provide you with the income you expect, it will have a bad effect. Because, the new risk may not be profitable.
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Those who panicked, already sold. Bitcoin isn't the same as Bitcoin in December. Now there is Bitcoin, which is so much stronger, more durable, that everybody get used to price change. So the rest are the ones who don't panic.
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There are dozens of experts and each one shares a different idea. Everyone is familiar with respect for one's ideas and values his ideas. Experts may be saying right, but, if all of us are busy with crypto trade, then we accepted the risk.
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There’s a big misconception that bitcoin is entirely anonymous. Bitcoin is pseudoanonymous, in the sense that your name is not linked to your bitcoin address, but you still have a bitcoin address that’s static and so it could technically be linked to you. Is this a True ? If you don't write anywhere about the address being yours, the anonymity is still be there. We must protect the anonymity of Bitcoin ourselves. So if you look at Bitcoin as an investment, you are wiping out its properties. When we look as an investment rather than the money, we have to use the centralized exchanges and certainly ID verification is needed for use. Then there is no such thing as anonymity.
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Firstly, you should learn basic things in trading. Then open new demo account and try yourself here. In the meantime, don't give up trying to learn something new at any time. Of course you will not always win, thats why you should never give up.
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5.number belong to me. Not always, but in the last 3 months I've lost some money, and even I haven't earned any money. The situation of market has more role in my loss, but I still see mistake myself.
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As a reason to call Bitcoin as a ''bubble'' is that no one is control it. Cryptocurrency isn't like other financial systems. The only thing control the price is the buy-sell. If we look at it as an investment, it is good that the price is variable. But if we use it as currency, the volatility isn't be good.
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
Completely right! Always more waiting will cause you to lose more money. Before investing, you always need to consider the potential of the project and find a suitable price to sell. Because, greed guarantees to lose.
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I learned in this situation that i should sell it when the time comes. There is no need to wait for more time. After a while the price starts to fall and you don't want to sell anymore. Afterwards it comes to a situation that we should sell at the lowest price.
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It would be much better to replace the paper currency with cryptocurrency at the moment. But, for this, all payment systems have to be changed. The reason for not accepting the crypto currency is the fear of the states. Because, crypto gives people the freedom they want.
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