Bitcoin Forum
May 04, 2024, 07:34:07 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 »
1  Economy / Economics / Re: Is it easier to HODL if you are already rich? on: July 27, 2021, 11:46:26 AM
Yes, it is easier to hold when you are rich even buying more coins would not be a problem due to the availability of funds. An average person or investor would have to plan well and look into the risks and time in which it will take to get quick profit so that the market will not later go against them. It is obvious that the rich are not always borded about the fluctuation in price because they have a prospect and have atime the market and set the level in price where they will take their profits.

The rich are well relax when buying Bitcoin because it's always in large amount, giving more significant profits after small move of orice. They are not emotionally borded about the market reaction compared to average traders that are always tensed doing market uncertainty. The y rich have everything it takes to make more profits in the market, having more sophisticated tools that are quick to analyze market direction.
2  Economy / Economics / Re: If you can get paid through cryptocurrency, do you still choose fiat currency? on: July 27, 2021, 11:32:47 AM
Quote
Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.

Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."


Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like.
Do you think cryptocurrency payment will be a new trend in the future?
This is base on personal choice especially if one need to settle house bills and other miscellaneous expenses that will not require cryptocurrency as a means of payment. For me, I see cryptocurrency mostly as an investment that is need to kept till when it's needed. Paying salary in Bitcoin is a good innovation but it as is own lapses due to the volatility of Bitcoin which can be risky especially when the price falls immediately one salary is paid. Then waiting for the price to come before selling it.

If my salary is paid in bitcoin, I will rather sell it immediately if money is need to pay bills then later buy my own amount of Bitcoin I prefer to keep. I can also trade it to get some profits if the market is stable enough to make good profit.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: Never Trade On Emotions on: July 26, 2021, 11:12:04 PM
Trading base on emotion should not be emulated or portray because of the significant effects it has on traders weaking there spirit to trade effectively without the optimum confidence to execute trades. Emotions has degraded much traders from doing the right thing to misplacing the necessary thing to do. Trades should not be executed with fears which can also bring down one self esteem in organizing trade pair to trade on.

Emotion had really done me something bad that make me to lose my trading funds because I was not that confidence in organizing trades increasing the rate in which I lose trading funds. Never trade on emotions is very hand especially if one had been losing money for couple of time increasing emotions that come into play.
4  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: July 26, 2021, 10:55:45 PM
Most of Newbies lose huge money,Coz they don’t know basic idea about trading. Newbies are any person at first you need to trading signal and learning about trading or you will lose money and It's natural.
Losing money in trading should not be a sign of weakness or inexperienced trader but what guarantee success in trading is the amount of profits accumulated over a certain period of time. A trader can keep losing for a while then have a profitable trade that will cover all the accumulated loses that had be incurred. Traders are of different levels and range based on their experience and time that had been spent on trading.

Newbies should be prepared to lose whether trading or investing cause they might not be as good as someone that had gained good comprehension about the cryptocurrency market. All successful and profitable traders had passed through this stage of being a newbie with so many challenges they had passed through.
5  Economy / Trading Discussion / Re: Small capital and Big capital on: July 25, 2021, 10:29:11 PM
I will recommend to ladder in to trading gradually, start with minimum capital that the loss can be condoled. As the investment increases more fund can be added, as well looking for profit at any opportunity. It has always be advised to split the investment into at least 5 projects especially from low risk (bitcoin and Ethereum) to high risk (new ICO projects).
There is no dispute in this and I think their should be no need to split funds to trade because of fear or phobia of getting loses. A true trader is always prepare for the worse and this most time trigger the confidence of a trade to finally end in profit without having a change of mind. Trading requires skills not just huge amount that can be lose within minutes in trading if the trader does not understand the system.

Sometimes a trade does not need a huge amount of money for one have good profits. Everything starts from small, how you can manage a small capital and build it to a large amount definitely increasing perfection and good trading psychology. I'll will rather get a small capital and raise it to a substantial level which is better than, using large funds to trade and definitely losing it because good trades are not based on amount of money used.
6  Bitcoin / Bitcoin Discussion / Re: Picture/Logo of Bitcoin on the top of IND vs SL T20 Trophy! on: July 25, 2021, 10:11:46 PM
Am not sure but I think is because of the sponsor coinDCX which is a major sponsor on the IND vs Sl championship, I think it's a big attraction and while have attention of fans and views to be curious about the logo on the trophy with the logo almost always attributed to bitcoin, and coinDCX being an exchange for crypto-currency. Who are big and has a base in India, I may be wrong and they might have another significance for the Logo on the trophy, but I think it's almost has to be about crypto-currency.
Yes CoinDCX is sponsoring the T20 International tournament between Sri Lanka and India and before that in the ODI series they were sponsoring the Sri Lankan team and they are an Indian cryptocurrency exchange and they shut down when there was a circulation by the RBI and when that case was squashed by the Supreme court most of the exchanges that shut their doors opened up and now it looks like CoinDCX are back with a bang.
This is one of the ways the lost sheep can be found without being desperate. I believe they in for business now since the door is open to show case their recent precent as a cryptocurrency exchange. Since the only quick way to notify the public about there existence in the market is by sponsoring games and sports to rapidly inform people and investors to join their platform without benefit of doubt. I think this exchange be is only found in India because if their operation and targeted audience.
7  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: July 24, 2021, 09:24:44 PM

As long as you are selling and buying at the same time you are still within the FFF rules and that's what PSG does, they release players or make sales every season to stay within the limit, there are so many players leaving this season because of the incoming ones.

For example, PSG in 2020 was losing over 200m€ for COVID like any other big club but they are the only club who spent already 70m and increased salary by 100m ish.
No this is not correct there were few team who spent so much during the covid19 transfer season, Chelsea spent about £200m without cutting players wages, mancity also spent so good amount of money too. Chelsea made about £180 from players sales so what thy actually spent was just £20m according to FFF rules and the wages of their players is still within the allowed cycle, even PSG too. The only club having salary issues right now is Barcelona and that's the major problem behind Messi new contract because they have to let go some players or cut down salaries to accommodate Messi new Wages.


Besides what price Tag would a G.O.A.T like Cristiano carry...don't say his age would bring price down.
He is 36 years and his current contract value is below £50m, no team would want to spend so much on him because of his age and salary with only 1 year left in his contract
8  Bitcoin / Bitcoin Discussion / Re: Bank of America Approves Bitcoin Futures on: July 24, 2021, 08:52:36 PM
This is a very good idea and I believe that more are still yet to come, with so many persons adopting the use of Bitcoin in the nearest future. The banks and big firms are now seeing the importance and the need to accept Bitcoin to retain their customers cause they can always look for ways to satisfy their curiosity.

The government has to ensure the use of Bitcoin before things get out of hand. Even though there is temporary ban, people are still going to look for other means to carry on there Bitcoin activities. It would be shocking to firms and big companies that are now again the continuous expansion of Bitcoin, later seeing the huge market cap and price significantly going high. The Bitcoin market is here to stay and nobody or country can withstand it
9  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: July 24, 2021, 08:29:46 PM
Kane. I read news that Manchester City will spend $200M to buy Kane. It is absolutely a crazy high price. Kane does not have many seasons in the current contract with Tottenham.
Tottenham placed a value of £160 on Kane that was the reason Manchester City initial £100m first bid was rejected few weeks ago, Daniel Levy is not ready to bring the price down leaving man city in a dilemma because they are seriously in need of striker before the start of new season with Aguero out of team leaving Jesus is the only attacking option. The deal is still on maybe they will find a way out but the £200m you mentioned is ridiculous, it's a pure rumour nothing more.
10  Economy / Gambling discussion / Re: Football Transfers Speculation, Odds and Predictions on: July 24, 2021, 08:17:20 PM

Financial fair play is not league restricted, all clubs in Europe are regulated, Of course there a some loopholes in the rules and that's why PSG were able to sanction deals for both Mbappe and Neymar in the same season.
As long as you are selling and buying at the same time you are still within the FFF rules and that's what PSG does, they release players or make sales every season to stay within the limit, there are so many players leaving this season because of the incoming ones.

Man City are even in a better situation compared to PSG, because playing in(winning) the premier league definitely generates more revenue than in the french league.
Is not about the income generated from trophies it's the income generated from players sales that's what the rules is all about, we both know that PSG has more player sales than Man city almost all the players who left City left on a free transfer.
11  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: July 22, 2021, 09:18:11 PM
Losing money in trading as a newbie is normal and its not a new thing to the market. This is a way if welcoming the newbies on how the market looks like, not just making high profits as a demo trader. Seeing the market from different angles because emotions is not attached to it.

When I started demo trading as a newbie then, I used to double my account on demo which made me to see the market as very simple to analyze. I could leave a trade for many days with being bordered about it because my money is not attached, making me see trading as a simple task that need no much analysis.

I was shocked when I went live, I almost lose everything I had saved for trading. That is when I knew that trading was never easy. I cried after blowing my account if $3k. This is the reality of trading when one goes live. I was able to learn from my mistakes and get my feet back onboard with much reading of Trading books and getting myself a mentor.
12  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I am not investing in Bitcoin, I am staying with Altcoins on: July 22, 2021, 08:47:24 PM
I am not investing in Bitcoin, I am staying with Altcoins

Why I am choosing altcoins is because bitcoin is now too much volatile and there is too much hype regarding Bitcoin, Altcoins will be recovered soon and will be hitting to new highs, but in case of Bitcoin, We are not sure that when this bubble explodes. Since we are not sure, investment in altcoin is only the safest option.
Invest in altcoins rather Bitcoin especially with small capital is a very good idea which can help you out maximize profit with a little push in price. Altcoins are very good to invest in especially with stable and high volatility coin with a good project. Although it's not easy to find the right coin mostly when the coin is still at the birth stage where little or non is known about be it.

Investing in Bitcoin with little can be challenging atimes when the market price falls failing to go back to it original price, making it difficult for profit to be made. Using large capital can also be risky if the investor does not know much about the volatility and market trend of Bitcoin. Bitcoin is a very good investment but should not be considered if capital is small and risk to reward ratio is high.
13  Economy / Economics / Re: Financial freedom and success comes from knowledge on: July 22, 2021, 08:23:06 PM
Financial success is the key to life. who is successful in the financial sector I think he or she is a successful hole in life. now come to the point of knowledge. every success depends on good knowledge. without knowledge, anybody can not succeed in life.so I agree only very good knowledge can give us financial freedom.
People use to say knowledge is power and information is the key to open the door of success if focus and ambition preceed it. Anybody that is not informed in this life can not be formed to suit different speres of live. As a trader, if one is not embedded with the right information, a lot of things might go wrong and life can be miserable for living which is a sign total misfortune.

 Most successful traders of nowadays are people oof high interlect with numerous experience about the market behavior making them a guru when it's come to analyzing the market without much charts or backtesting of the market movement.

Continuous urge to learn more about the Bitcoin environ can make a person to be an expert in the field of Bitcoin and the knowledge that had been gained as a result of hard work and research about the entire Bitcoin platform can contribute to one's success.
14  Economy / Economics / Re: Why do most cryptocurrencies rise and fall together? on: July 22, 2021, 07:47:07 PM
Because the crypto market is primarily bitcoin, it dominates.
Therefore, the global trend of growth or decline has always depended and will depend on the price of bitcoin, because it contains the main finances.
Thus, we always see the dependence of other currencies on the bitcoin price.
The price of Bitcoin can be attributed to so many thories of determining what is responsible for the movement of Bitcoin influencing altcoins to move in the same or similar patterns. The fluctuation in the price of Bitcoin can be base on the Buyers and sellers theory which constitutes the inbalance forces that move the market into opposite directions.

The strongest force between the both will push the market to it part as long as the force keep on dominating making it hard to analyze the market if the trader is not equipped with necessary information that could show or guess the direction of the market.

Bitcoin being the father of all cryptocurrency following the patterns and Blockchain interface make it easy for other coins to exhibit the same features that Bitcoin undergoes.
15  Other / Archival / Re: El Salvadorans are not happy about accepting bitcoin as a means of payment on: July 22, 2021, 06:59:31 PM
The people that are protesting might be doing that for majorly another reason. If a government is not performing well, the people won't happy with there policies. Perhaps introduction of the use of bitcoin may be one of the policy that the people don't understand. El Salvador government can't just make policy and force it down the throat of the people. The government need to build trust by sensitize and reorientate the people about the use of bitcoin and the benefit especially investment opportunities.
The government are trying to balance the live of it citizens but is like things are going out of control looking at there claims of the protesters of them being the losers if eventually their salaries are paid in Bitcoin and it price falls suddenly, the effect will be much on them especially to a family man that has huge responsibility to handle.

They'll have the right to protest against the policy because Bitcoin is not stable and the tendency of waiting for the price to come back to it  original value might be time consuming causing severe problems to individual workers who has something to do with money.

This problem need to be resolved if care is not taken, it could lead to conflict that can escalate to something else. The government has to look into this policy to adjust it, prohibiting the payment of workers salary in Bitcoin.
16  Economy / Trading Discussion / Re: Daytrading vs Holding on: July 22, 2021, 10:46:19 AM
Day trading or holding has the same risk and can both get profit, for day trading it requires more knowledge and deeper skills, because it regulates financial patterns in trading. while for holding only need to hold and save until the price is high. so it's a choice based on one's ability
The risk that is involved in day trading and holding is different and need enough knowledge for one to day trade than to hold. A lot of trader had lose funds due to day trading because it requires consistent charting review in analysing the market to know the direction of trend.

For one to be a good day trader, there is need to be knowledgeable in both fundamental and Technical analysis. This help to predict future market movement by using both the information from the news and price action with indicators to analyze the market future movement. Most successful cryptocurrency trader have gone through this stages and had become a guru in market analysis because of their consistent in taking trades and executing it.
17  Economy / Trading Discussion / Re: Small capital and Big capital on: July 22, 2021, 07:11:00 AM
Having Big capital supercede investors with small capital that might not be sufficient if the market goes contrary to one's trade or investment. Big capital absorbs market sentiment and market fall. This is the advantage of the whales against smaller investors who are in the market, making the change in trend to claim all their funds because the size if their accounts can not absorb the contrary moves.

It's very hard for accounts with large funds to make contact loses compared to the one with little funds that might not survive a little change in market trend. Small capital is the major problem of some investors making it look as if they are not good at analyzing the, creating consistent loses due to small differences in price of an instrument, creating inevitable loses.
18  Bitcoin / Bitcoin Discussion / Re: People still don't know about Bitcoin on: July 22, 2021, 06:42:31 AM
Bitcoin is just about 11 year in existence, so we shouldn't expect everyone to know about it especially in a country that has limited access to the internet and low exposure to things happening around the world. Cryptocurrency is still spreading with time and more persons are still going to know about it in less than no time. Some people in the developing countries or under develp are very much with high percentage of being ignorant about it.

Many individuals still don't believe in online investment due to their past experience or news that had been flying around about how dangerous Bitcoin can be since it's has some level of privacy which can be difficult to track. With the nature of risk that are imbedded in cryptocurrency, many still see no reason of taking such adventure that could be detrimental as some level, creating discouragement and disappointment to people that might be interested in it.
19  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin truly a safe-haven asset? on: July 22, 2021, 06:22:35 AM
Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.

Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.

As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.

There is nothing like safe heaven asset cause all investment on Bitcoin or other cypto are very risky and needed to be previewed with geeat understanding before venturing into it as an asset. Many ignorant and desperate persons had made the mistake of limiting the risks that is involved in Bitcoin and the entire interface. Caution need to be taken to prevent further loses if one had made such mistake in the past.

Bitcoin can be a safe heaven for those who understand the level of risks involved in it and good comprehension of the entire buying and selling pool works. The first time I invested in Bitcoin, I lost all my money maybe I was not equipped with the right information to trade the market. This really made to it tight and start all over again with strict measures to avoid past mistakes.
20  Bitcoin / Bitcoin Discussion / Re: Reasons for newbies loss in bitcoin on: July 22, 2021, 06:09:24 AM
For a newbie to avoid similar mistake that had be done by past traders and investors, it is very important for a trader to look at previous market price and reaction of the market to see the kind of waves the entire market generate to make investors to forfiet their funds  by the use of fake news and rumors attracting negative mindsets to sell ones coins to the market. It will take time for this kind of psychological emotions to be built with time, creating a stronger resistance against negative feelings about the market.

Newbies need to be focused to avoid unnecessary loses. It's very important to ask questions about how the crypto market does it thing, not being idle and making a silly decisions that can be detrimental to one's investment at the long run.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!