I don't want to miss out that. If Government of India bans crypto, I will have to move out of India.
Ministers and bureaucrats making money out of corruption but they want us to remain poor forever.
I am searching for pro crypto country and how to get it's citizenship.
There are many small countries that give citizenship if you invest a lump sum amount, but is it a good idea..? Also depends on how much money you have which should be sufficient to live and move on, in a new country..!! Just banning the crypto should never be an option for any government. Understanding the technology and making most of it is the right way, If the Indian Govt makes a way to tax the income from crypto, 99% of the crypto community will not even think about leaving the country. The govt will get taxes and we will get our crypto, Win-win situation. |
|
|
|
There are basically 3 outcomes to this important level.
1) We topped at $49.7K and won't see it until 3-4 years later. Basically just like 2017 topped out at $19.5K, this is very similar since we all assumed we would at least touch $50K, the smart traders sold slightly below and will rebuy lower.
2) We break the $50K, go to like $51K and then start to reverse and start the next bear market. This basically traps both the bull and bears. Where the bears take a loss at $50K and the bulls go long at $50K and end up losing money also. There is a very good chance this might actually occur.
3) We break $50K and head to the moon. This is also possible. We broke $20K sharply and haven't even tested it once. So there is also a good chance that this might occur also.
The market looks like it's following the 1st point and it's getting harder to go above 49.5k and stay. The market crashed because of a FUD and the news was just nothing to worry about but the market is so fragile right now that anything can happen on any news.. I just hope that the 3rd outcome will become reality and we may see a new resistance at 75k$ or something..  |
|
|
|
I remember it was like 4-5 years ago and alts were not that great. I earned my first crypto by providing various technical services and thought about trading for a long time as the price was volatile. I got into futures trading as I felt I can more there. I learned some tactics and made like 20-30% profit. Then comes a sudden correction and thank God I had put stop loss...  It was nerve-wracking at that time. It's definitely not easy or even profitable if you don't understand all aspects of a trade. |
|
|
|
|
If you are going for that long term with monthly investing, then I would not suggest any of the altcoins. You are making this saving for a purpose so I would suggest you, buy ETH every month.. Regardless of what the price is, just buy it and hold it.
Optional: If you have a little time and can be attentive to the market, only then buy alts. Trade them in long term manner, If you get profit then get out from it and keep ETH or BTC.
|
|
|
|
Let's assume BTC freezes at a certain price. The possibility of Bitcoin becoming a world currency will increase by 10 fold. Payment processors and common entrepreneurs will start using it as the price is stable and no risk of losing $$ in between a transaction. Bitcoin is not a thing to just hold, It has a purpose and that is to be used. The volatility is what holding the big companies to use it as a means of transaction. So I guess it will be a good thing for the world and Bitcoin holders..  |
|
|
|
I understand, but if ADA (as an example) goes really high in the coming year, I'll have more BTC at the end (when I sell my ADA), right? And if the meantime BTC value has gone higher, it's gonna be a win win situation.
Is my thinking right?
Lots of people seem to think that some altcoins will go insane in the coming year.
Thanks!
Yes, your thought process is correct. We, as a trader, always plan to increase our Bitcoin holdings. Never thinking about the price of Bitcoin/USDT price. As long as we increase our BTC by trading the alts, it's a great trade, and a job well done. Most of the time, people think the price has gone up in USDT so we are in profit but when you buy with BTC, you have to be in profit with BTC. For Ex: the BNB price soured to 140$ in USDT pair but there are people who bought them at 0.0035 BTC, They are still at a loss even though the price in USDT is an all-time high. |
|
|
|
I have been asked these types of questions in the past and even today by my friends/relatives. The answer is NO. Never invest in anything by taking loans. There were people 2-3 years ago who did this, and most of them are bankrupt now. It's not easy to pass the correction period if you don't have reliable financial support on your back. I believe in crypto and Bitcoin, but I know the real-life conditions when you don't have anything in the pocket and have to pay back EMI before the end of the month. It is not as easy as you imagine. I think most of the people have given the same suggestion. Invest only what you afford to lose.  |
|
|
|
|
I see too much manipulation on Binance BTC pair with MITH. Last week it pumped by a group to the triple and dumped immediately.
The lit.live website is not working now and when I see things like "spend MITH in various real-life scenarios." on their website, I get questions...
Is there any real development on this project or it is just created to pump and dump on big exchanges..?
|
|
|
|
|
I can indeed say that I had predicted this. When Slayer openly supported Bitcoin, no one came forward, but now the World's Richest Man is brandishing it, all of these Billionaires are coming out. We all know that most of these Billionaires have already bought crypto and do not openly say it because of the government's or the SEC's fear. This is still the beginning; many of them will come out when big companies start accepting crypto as payment, and the crypto race will begin.
|
|
|
|
hey signed up to ask
from where does Blockfolio pull its MVT price info
I think it's wrong, my app shows $0.025 but the price is $0.076
I am noticing inconsistencies as well. Not sure how they pull price I would assume directly from Uniswap. Hey Gumshed, long time... Can we stake MVT on the farm unicrypt network..? Am still fairly new to that and trying to find a way to use my MVT holding. Do I have to get into a pool with another coin or I can just stake the MVT I have..? |
|
|
|
|
I feel by this time you will know what you would lose if you sell BTC in the short term. I give the same suggestion to anyone who's asking me this question.
Do you have a need for money or you just wanna sell BTC and hold cash..? If you are just going to hold the currency then better keep it in Bitcoin. The price will go up eventually regardless of what the price is right now.. So make a strong decision and just go with it.
|
|
|
|
1. Bitcoin
/end of list
That goes with your name mate.. Apart from the King Bitcoin and Prince ETH, I would want to suggest some new coins as the alt market is just started its launch.. 1. OPCT https://coinmarketcap.com/currencies/opacity/They provide storage with total privacy and still very cheap. Long time project and hopefully a stable one. 2. SCRT https://coinmarketcap.com/currencies/secret/If you don't know then read the story of Enigma to Scrt, if you can then do your own research on it, and also SCRT is getting into Defi so sooner or later it will be 4-5x. 3. KNC I don't think anyone needs an introduction for KNC. It's still not pumped and has all the potential to go up. Will update the list with some new Gems soon.. |
|
|
|
Imagine selling this coin https://coinmarketcap.com/currencies/voyager-token/for 900 sat... Yes, I sold all my stash of BQX when it doubled to 900 sat, thought will buy it back once it gets below 600 or 700. Unfortunately, It peaked at a whooping 15k sat and now trading along the lines of 5k-6k sat. I can literally feel the pain that you are having now. But it's crypto, once it's done, it's done. Cant move back to the previous position. Now I just curse myself for making that decision. Never wanted to sell it but did for my own "Greed".   |
|
|
|
Even though the budget has been passed the crypto prohibition bill is yet to be introduced in the Lok Sabha. The market too hasn't come back to normalcy Tether is still floating around 75 while it once used to be at around 80. I think until this budget session is over it's hard to say whether we will get certainty over the ban thing or not. Even though in Rajya Sabha there has been some discussion on cryptocurrencies on a very light note and they have said that government does not recognize any such currency so I think ban news isn't a total hoax we must wait to get some clarity over this.
I saw what Mr. Anurag Thakur said here, https://www.reddit.com/r/CryptoIndia/comments/lg4mo6/today_union_minister_of_state_for_finance/Still, I don't understand on what basis, all these "interministerial committees" suggest the government, ban crypto trading and transactions. They agree that they don't have adequate information on crypto or how to regulate them but that doesn't mean the government has to ban it. I feel someone who knows the technology should be added to the parliament who can voice our issues. Only fool sell in haste. Even if ban bill was passed, we still would have some time to sell our cryptos. People panic and take stupid decision that they later repent.
Lesson learnt for these guys who panic and start selling. You should have patience and wait till it actually happened.
I just hope these guys learned a lesson this time at least because this is becoming common in India. Even if the government brings the bill, there is always P2P or USDT markets. People need to educate themselves about these. Also saw this recently.. https://www.reddit.com/r/CryptoCurrency/comments/ldzhkr/nigeria_bans_crypto_trading_is_this_even_legal/I hope my Nigerian Brothers/sisters are learning to get into P2P and flourish again. |
|
|
|
Three things comes to my mind when I see these type of discussions. Volatility, Fee structure, and the speed of tx. Volatility is something not new to crypto users, we accept crypto thinking that eventually, the price will go up. The problem with this thought is that you need to have back up funds if the market gets into a correction and you have to buy more stock to run your business. The Fee has to be put on the buyer, so unless it is less than 1-2% of the total transaction, most of the buyers will back out on paying through crypto. The speed of the transaction is also an important factor as the tx has to be confirmed instantly or at least under a minute otherwise it will be harder for stores that have a crowd of customers. I have seen stores accepting crypto, most of them prefer TRX, XRP, or LTC. Also, we as a community have to start using crypto in transactions and not just hold them forever.. |
|
|
|
Everyone needs to understand that exchanges can't go against the authorities. They need to comply with the government regulations, no matter how much absurd they may sound. BTC-e, one of the earliest cryptocurrency exchanges tried that against the American authorities. And everyone know what happened after that. Their domain was seized and all the coins were confiscated. One of the owners (Alexander Vinnik is now facing life imprisonment in the United States). Perhaps Changpeng Zhao doesn't want to end up like Alexander Vinnik, and that is intelligent thinking from his part.
The problem is not what CZ or other exchange owners think but how dumb the governments are around the globe. The Indian government tried to blanket ban the crypto from transacting with banks, P2P flourished and the Supreme Court lifted the ban. It took time but till then most of the traders and exchanges understood how to do P2P and never stopped trading. Also, I agree with Bryant with respect to complying with the government regulators, No exchange or organization can go against them, It will be a really sad day for Nigerian traders to not able to convert their crypto easily. https://www.coindesk.com/nigerian-central-bank-says-its-ban-on-crypto-accounts-is-nothing-new |
|
|
|
First of all, I hope you all are safe and fine in these troubled times, wear masks and keep a safe distance while traveling from public transport(Except when you are in a state transport bus or local trains coz we all know that's impossible.. ). So I wanted to ask who all bought Bitcoin and ETH when it was down because of the "Crypto Ban" hoax. I don't think anyone sold their crypto because of this coz if you are here on this forum then you will know these types of things are to create fear among the holders. Personally, I had put orders on 85k and 90k for ETH 1 day before the Budget speech, and both got executed. Lucky me I guess. Hopefully, Greyscale will increase their ETH holdings every day, and let's see ETH at 5k$ soon.. |
|
|
|
Yes - There is a long lock in period for early investors!
Founders tokens have 3 year vesting with 6 month cliff
Genesis reservation has 10 month vesting and price was 2500 sats
Origins presale price is to be voted on by the community shortly and price is suggested to be between 3k and 10k depending on demand
Thank you for that quick response. I also want to know whether there is any plan to list on any exchanges or will be available in liquidity pools.? I see there are constant updates on the "DistributedCollective" Github page, hopefully will see the roadmap executed in time. |
|
|
|
Most of the casino coins are lagging in price even when we are seeing good alt season. I have friends who have staked BET for 5 years and earning dividends but is it a feasible idea..? The team has to do something in order to increase the volume at the casino. 50$ welcome bonus will not do much for whales. Also why there is no advertisement from the team..? You guys can easily make signature campaigns or Twitter campaigns and pay the hunters in BET. If it continues like this then am afraid the players will fizzle out and stakers will get nothing. |
|
|
|
https://twitter.com/elonmusk/status/1357914696645414913Another tweet by the world's richest person and nearly 10% pump as soon as his tweet comes. I dont understand whether the guy is serious or just doing it to troll us. Sometimes I wonder what if a news comes today which says Tesla has been buying Bitcoin secretly...!!! If Elon has at least some of his money in crypto(Officially and announce) then market will sky rocket again.. P.S I know he has crypto... 
|
|
|
|
|
Show Posts
