Latest posts of: Caldear

It is not a full-time trader who will succeed in trading.
Trading strategies are very important for trading. It is necessary to continuously analyze the market and observe market changes, and formulate suitable strategies based on multiple trading experiences to reduce trading losses and ensure trading profits as much as possible.

Although Bitcoin is a very profitable currency, its price fluctuates to a certain degree. It is unwise to pay all wages in Bitcoin.
Some countries do not accept Bitcoin as payment, so legal currency must be reserved to meet daily needs and other emergency expenses. Choosing to accept a small amount of Bitcoin for long-term holding and increase the number regularly will eventually get good returns.

We cannot judge whether Bitcoin will exist forever, and it is difficult to know how it will develop in the next few decades or hundreds of years.
But now with the popularity of the digital economy trend and the development of cryptocurrency, more people continue to learn about Bitcoin. Bitcoin brings people freedom and many benefits, and people's consensus on it is constantly strengthening, and more and more people choose to invest in Bitcoin.
Bitcoin has been a good asset in the development of more than ten years. It also has a positive impact on human society, and it will also have a lot of space and potential for future development.

Quote from: Baihaki Khaizan on August 11, 2021, 03:53:23 AM

Money will be removed and replaced with a digital currency system.

Fiat currency will not be replaced by encrypted currency, and the national government will launch its own digital currency.
Although cryptocurrency brings a lot of value benefits and freedom to people, its decentralization makes it impossible for the government to control it, and the use of cryptocurrency is detrimental to their own interests. And the price of cryptocurrency is unstable, and it is not yet fully applicable to daily transactions. Its anonymity is also not conducive to tracking the scope of transaction use, and it is easy to be used as a criminal method. Some countries also ban the use of bitcoin.

For any investment to collect, financial stability is a very favorable condition.
Investors who are in financial stability do not have to think too much about the economic pressure outside of investment, they can concentrate on using their funds for investment. When the market price changes, most of them will not be affected by market sentiment and will not worry about economic losses and will choose to continue to hold the currency. Eventually they will become richer and there will be a bigger gap.

The economic crisis caused by inflation shows the strength of the government's fiscal position. Inflation has deprived many people of their most basic needs and made people poorer.

But now many people will choose Bitcoin under the inflation crisis. Bitcoin's scarcity will not issue additional currency, so it can fight inflation.

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I personally think that the result of optimism is that Bitcoin has reached a mature stage and is showing an upward trend. With the development of Bitcoin and the continuous improvement of blockchain technology, people have more and more knowledge of Bitcoin, and its market value continues to increase, and its fluctuations will also become smaller and smaller. After El Salvador uses Bitcoin as its legal tender, more and more small countries facing economic problems will follow suit. People will see its benefits, more people will invest and use it, and it may truly become the daily currency of ordinary people. In the long run, Bitcoin is a major positive.

The issuance of CBDC is a huge publicity for digital currency. When CBDC is issued, many people will learn about the existence of digital currency, and thus will also know Bitcoin, a digital encrypted currency. There may be ordinary people who understand digital currency because of CBDC, but they may like to invest in Bitcoin.
It may only play a superficial propaganda role for cryptocurrencies, but the central bank and their digital currencies will never do anything for Bitcoin. They will think that cryptocurrency will threaten their projects and will be detrimental to the development of CBDC itself.

As the usage and popularity of cryptocurrencies increase, the country will enact stricter legal measures to increase taxation.

Quote from: Hydrogen on August 02, 2021, 05:15:47 PM

With the amendment approved, the bill will now be presented to the House of Representatives and the US Senate where it could soon be written into law.
The IRS has been examining crypto for a while. Last year it added a line about cryptocurrency to its individual tax returns.

Any income has a taxable scope, and they are only forced to report to the tax bureau for taxation when it exceeds 10k. If the bill is passed, you will be tax-exempt at 10k and below. With capital gains, I believe it will still increase the tax rate on normal income.

This is a positive news for cryptocurrencies. Google's acceptance of Bitcoin advertisements will affect the price of Bitcoin. When people see the advertisement, more people will understand Bitcoin, and Bitcoin will become more and more popular, which will drive the price up.
Hope to see legal and interesting things on the website instead of fake encrypted news that creates FUD.

I prefer to invest in cryptocurrencies. Because it is easier for investors to buy cryptocurrency and hold it for a long time, don't worry about market price changes, insisting on holding it for a long time will eventually gain benefits.
Now I can’t do a better deal. Although trading may even be more profitable and quicker than long-term investment, I think it takes a lot of time to analyze market trends and make correct judgments in order to obtain more benefits through trading.

Miami’s launch of its own cryptocurrency MIA, provides the city with resources that may replace budgets or significantly increase funding. It opens a new way of fundraising for the city and will receive direct support from the community and investors. They reward Bitcoin for holding currency. In this way, more people are encouraged to use their own cryptocurrency. Many people are aware of the benefits of Bitcoin. They will hold MiamiCoin in order to obtain Bitcoin, and there is a constant demand for it. Increase will provide a good impetus for price increases.

Saudi Aramco's plan and interest but it is not certain that it will be implemented.
If large oil companies use the excess gas generated from oil extraction to mine Bitcoin, it can depress the profit of mining, so that miners do not use coal or other fossil fuels for mining, which is good for the environment and beneficial to the future development of Bitcoin.

To judge whether a ratio is valuable and worth investing, it is necessary to analyze and judge the projects behind it.
Read its white paper carefully, analyze its project itself, prospects and technology, and see if there is plagiarism and whether the project is innovative.
Study the founding team to see if their previous projects are related to blockchain projects and if they have any successful experience.
Search the discussion about the project in the forum or website to see the evaluation of it.

The Tesla and Amazon events have a certain impact on Bitcoin. Tesla manipulated the Bitcoin market through his comments. When rumors about Amazon accepting Bitcoin payments appeared, the price of Bitcoin immediately showed an upward trend. They have a lot of influence, their fans will follow what they do, which drives up prices. Bitcoin prices are easily affected by these external factors and change.

Blockchain will not replace banks. However, the emergence of new technologies such as blockchain technology will force the banking industry to reform.
Blockchain is a distributed shared ledger and database. It has the characteristics of decentralization, non-tampering, openness and transparency, and can solve the problem of trust in transfers.
Inter-bank transfers between banks need to pay high handling fees, and the transfer amount will be limited by the banking system. Blockchain is a point-to-point transmission method that does not require a third party, which can save costs and improve transfer efficiency.

Many people agree that the market is bullish this year.
Bitcoin prices have risen to more than $40,000 twice a week, so all signs indicate that we are still in a bullish phase this year.
Many institutions now hold cryptocurrency assets, and Bitcoin occupies a major share, indicating that other cryptocurrencies such as Bitcoin are recognized by more and more institutions.

As the mainstream currency in the crypto market, Bitcoin is dominant. Most altcoins do rely on the btc market, and fluctuations in the price of Bitcoin will also have an impact on other cryptocurrencies.
Market panic will also have an impact on this. When the price of Bitcoin falls, people will feel fear, and at the same time they will sell other currencies to reduce losses.
Some altcoin exchanges will set up trading robots to manipulate the market and synchronize the price trend of altcoins with Bitcoin.