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May 02, 2024, 09:39:05 PM *
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1  Other / Beginners & Help / Re: Cryptocurrency - how to trade and earn? on: August 09, 2022, 05:24:04 AM
First, educate yourself. There are free resources to begin with. Do not invest your money blindly. And read from multiple sources to verify information.
2  Other / Off-topic / Re: What's your favorite subject in school? on: August 09, 2022, 05:01:48 AM
I enjoyed literature and history classes. So much fun.
3  Other / Off-topic / Re: Telegram scam attempt on: August 09, 2022, 04:34:37 AM
Telegram is the worst place to be. There are so many scams happening there. Avoid joining random trading groups. And change your settings please.
4  Bitcoin / Bitcoin Discussion / Re: What will be running in your mind if Bitcoin reaches $1000 again on: August 08, 2022, 05:12:55 AM
If it reaches $1000 It would be the best opportunity for me to buy. I will be entering into my buying mode.
5  Bitcoin / Bitcoin Discussion / Re: I will Never Fall Again on: August 08, 2022, 04:44:42 AM
This mostly happens when someone does not have appropriate knowledge. It is important to rely on our own study and gut and not follow someone else’s advice.
6  Bitcoin / Bitcoin Discussion / Re: 44 countries will meet in El Salvador to discuss Bitcoin on: August 08, 2022, 04:37:44 AM
Crypto winters are not finished yet, though the market is trying to correct itself. El Salvador needs to be optimistic about their holdings that soon this will be over and the market will go uptrend again.
7  Bitcoin / Bitcoin Discussion / Re: why can't bitcoin be based on something that has value? on: August 05, 2022, 06:26:38 AM
Bitcoin is not a physical asset like Gold, it is a digital currency which is not controlled by any person or organisation. Moreover, no one can ensure that bitcoin will be a 100% success.
8  Bitcoin / Bitcoin Discussion / Re: Countries have banned Bitcoin; Do you believe is because of criminal activities on: August 05, 2022, 06:10:00 AM
Imo, criminal activities were there before bitcoin even came into existence. It is just an excuse. Cryptos being of decentralised nature are highly potential and governments are afraid as they have no control over cryptos.
9  Economy / Speculation / Re: Are we at the bottom? no one knows, but market is doing fine. on: August 05, 2022, 06:03:20 AM
Market is in the process of making corrections. Imo, all the markets are facing a downward trend. This is the nature of the market and it is under no one’s control to change its nature.
10  Bitcoin / Bitcoin Discussion / Re: Bitcoin Class in my Village High School on: August 04, 2022, 06:13:09 AM
Great efforts. It is rare to see people making such initiatives to increase awareness and promoting adoption in such an innovative way.
11  Economy / Speculation / Re: Bitcoin is about to have its biggest monthly gain since October 2021. on: August 04, 2022, 05:51:35 AM
This is really good. I am really optimistic about price increases in the future.
12  Bitcoin / Bitcoin Discussion / Re: Are Early Adopters rich? on: August 04, 2022, 05:13:51 AM
Not all, many of them sold their bitcoins out of panic. I am one of them. I regret doing that though.
13  Economy / Speculation / Re: I do believe that Bitcoin will be more scarce than gold on: August 03, 2022, 04:34:53 AM
Demand and utility are way more important than scarcity.
Imagine having an item that is super scarce, but the utility of that item is zero, therefore the demand for this particular item would be zero as well.
The price of the item will be zero, and the scarcity simply won't make this item valuable. A zero that's multiplied by a million is still a zero.
Gold might be less scarce than Bitcoin, but the demand for gold is way bigger compared to the Bitcoin demand. Gold has utility, because it's being used as a raw material by many industries.
Bitcoin will be fine in the long term. I expect massive bull runs in the upcoming years. There's no need to compare Bitcoin scarcity to Gold scarcity in order to prove a point.
Can’t agree with this one! The factor responsible for both gold and bitcoin is their demand. It is responsible for the increase in value of both. Bitcoin is a potential coin in the long run.
14  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: August 03, 2022, 04:07:05 AM
I don’t think borrowing money keeping your bitcoins as collateral is a good idea, moreover many countries do not yet consider it as a legal tender. The risks are too high. You can wait for some time and then sell the bitcoins once the price increases instead.
15  Other / Archival / Re: Bitcoin is King on: August 03, 2022, 03:52:16 AM
Due to the large volume of Bitcoin holders and its market cap it can be regarded as the king. Volatility is the true nature of bitcoin which leads to great fluctuations in its price values. Many hopes have been set by the people on bitcoin in the coming years.
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