I was thinking of these everytime and I never found any answer to it yet.
I was on one of the trading app call Deriv Go and I had lost then profit and I using the highest volatility 100v and it was MT5 and I stoped because of the lost I had and I want to ask if it has type of trade that someone can follow to make profit from.
The app does not matter as long as you know what you are doing. Just understading the type of trading wont make any difference because at the end you will have to understand what it is and how it works. For example, scalping, it is not everyone's cup of tea however an arbitrage trading might be! It's not easy job when it comes to the advance techniques/types of trading. Considering what you have experienced in the past it is better to avoid the advance crypto trading. You should really start very small, for example hodling portfolio of 5-6 coins which are strongest and close to the #1 that is bitcoin. Try to gain the profits over the time and see what you learn from that. As long as holding is considered you are just doing long term trading and gaining profits only if you sell your portfolio. The advice is coming out of experience and also the volatile the market the more risky it is to trade. Better keep it low and play safe. |
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For those of us who have been exposed to cryptocurrency and have had to believe in its continued existence by delving into its use;
How rich could I be if I use DCA strategy to invest in Bitcoin continuously until it reaches its 21million limit? Knowing how much it has gotten to now at 19.15million.
How long would be a long time in years for this limit to be reached and what opportunities would be made available to those who invested in owing these coins and still do as at the time?
Will those who earn from campaigns, offer services online or conduct business with cryptocurrency be so rich, seeing that they have been in the game long and have accessed or have access in the form of holdings or savings or have its coins as payment in one form or another?
How come you have not researched about "when the last bitcoin will be mined"?? To break it to you, the last bitcoin will be mined by 2140 and there is literally no possibility that this process can be fast forwarded. Neither we have that much advance tech nor any manufacturer will be able to do it unless and until they end up investing on quantum computing of that kind. This is a fact that can not be changed really. Now, coming back to your question how rich you could be is as volatile as the bitcoin itself! I mean bitcoin could be millions of dollars worth in the future so even if you hold one full bitcoin properly in today's date then you would easily up surge your profits with it. However, reverse is also same. Have you analysed the fact that what if bitcoin gets downgraded by authorities and it just vanishes? You could loose everything. Instead of thinking that far, one can think about decades timeline to enjoy the slow growth and profits along the way. That rich one can become easily.  |
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In a surprising news that I read today, DCG which is Digital Currency Group, a conglomerate in the world of crypto space has declared that they have lost around $1.1 billion from their investments, loans and lending platform named as Genesis. This happened after the report of 2022 came out. DCG who was funding their own project Genesis, for the purpose of restructuring it they lost much of the value over there. They also stated that, Bitcoin's continuous decline was one of the prime reason behind this. Though DCG's books declared the total capital of $5 billion plus on the companies balance sheet, it was hard to digest that only $267 million were in cash flow, rest of the money is either invested, or in the form of tokens, Grayscale trust shares and much more. Notably, last year was very bad for various big and small organization. Does it going to be worst in the crypto space or will it be all over soon? Cryptocurrency conglomerate Digital Currency Group (DCG) reported a loss of $1.1 billion last year as the firm struggled with plunging crypto prices and the restructuring of its lending platform, Genesis.
“In addition to the negative impact of [bitcoin] and crypto asset price declines, last year’s results reflect the impact of the Three Arrows Capital (TAC) default upon Genesis,” DCG said in its fourth-quarter investor report.
DCG is the parent company of CoinDesk.
From a consolidated balance sheet perspective, DCG held total assets of $5.3 billion as of Dec. 31, 2022, the report said. This included cash and cash equivalents of just $262 million. Investment assets, including tokens, Grayscale trust shares, venture and fund investments amounted to $670 million. The remaining assets consist mostly of assets held by divisions Grayscale and Foundry, according to DCG.
A DCG spokeswoman said all the investment assets and the value of the venture portfolio have been marked to market.
DCG’s Q4 revenues were $143 million, with losses of $24 million. Consolidated revenues for the full year were $719 million.
In its annual independent stock valuation, DCG had an equity valuation of $2.2 billion, or a price per share of $27.93. “This appraisal is generally consistent with the sector’s 75%-85% decline in equity values over the same period,” the report said.
Despite the challenges of last year, DCG said it had “hit a milestone” regarding the restructuring of Genesis, pointing to a nonbinding term sheet agreement involving some of the main creditors.
The agreement involves extending the maturity of DCG’s May 2023 obligations to Genesis Capital of approximately $600 million (at current market prices) to June 2024. Also included is the restructuring DCG’s infamous $1.1 billion promissory note, due in 2032, in exchange for the issuance to Genesis Capital creditors of a new class of DCG redeemable, convertible preferred stock.
Negotiating definitive transaction documents and soliciting votes on a reorganization plan is expected to take several months, said the report. Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022 |
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As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?
I do not really look after my retirement plan and not having any plans of adding bitcoin as such. I am more or less trying to put up more money in Fixed Deposits with long tenures as well as Mutual Funds. As far as the two concerned, they will bring me vital amount of profitability over the period of time and the same returns I can use for my future. I would love to enjoy my life right now as it is and have as much fun as I could out of it. This does not mean I am going to be broke in my old age, because FD and MF will take care of that. Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method? I dont think so. Bitcoin's volatility is really high and that makes it genuinely risky asset to hold for next 40-60 years. That is considering a retirement age by that time. It could go upto 1 million a btc in next 10 years but who has seen the future thereafter? It could reverse itself and be at 500 bucks? That scares me and that's I dont think its potential companion for my retirement plans. |
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He said, do not give up, who knows? This could be the next big thing in the future. And his favorite quote is " this Life doesn't wait for anyone, things evolves very fast" ... I am able to be who I am today because of my father, while many people have a different story about their spouse when it comes to Cryptocurrency and Bitcoin, mine was different and very supportive. Those are really nice lines said by your father and may those lines be followed by everyone in this life. Obviously he said it out of his own experience and his life might have flashback right in front of him that's why he said them so generously. That made me think, I should be more engaged with crypto. I must keep adding more enthusiasm to it and the way I work around it. Because truly, we do not know what's lying in the life ahead. Bitcoin could go crazy high, it may go to zero, there might be another type of technology, more advance and more liked. Its better to accept it and be with it fullest. And for those who don't have any supporters, do not blame them, older people find Bitcoin very confusing. They might. It is just that, they saw fiat and mostly paper bills from their childhood and that's why they would be confuse about it. But no worries, we are modern, we should keep up the pace with it and le them know about bitcoin all the time. |
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G20, to be hosted by India during September, India is set to talk about Crypto Regulatory Framework amongst the 20 largest economies around the globe. India's Finance minister Mrs. Nirmala Sitaraman stated her clear views about the Crypto regulations based on the fact that all the G20's should create a framework of rules after International Monetary Funds and Financial Stability Board release a synthesis paper on the new economic outlook for the globe. A synthesis paper is more or less their Policy Paper which states proper guidelines for the regulation of all finances. Usually concerning about Institutional Safeguards and involvement of Executive Board and Management. The paper should be out by July and before the India's Presidency of G20 so that they can discuss the Crypto rules based on the same. On the other hand, Canada's Bank Governor cautioned everyone, not to approve any kind of Crypto Framework without studying and well developed framework before implementation. Even further Mr. Shaktinath Das, Governor to Indian Central Bank also made everyone think twice considering the changed perception of Crypto after seeing various collapses of exchangers including the FTX downfall. I am not sure how hard this will hit after G20, but big players already talking negative about the Crypto and its regulatory framework. Its question of curiosity what IMF, FSB has to say about it and what decision will be made by G20. The basis of coming global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), announced India as the holder of the Group of 20 (G20) Presidency in Bangalore on Saturday.
The announcement came after three days of meetings in India among the 20 largest economies of the world, collectively known as the G20, in which creating a global regulatory framework for crypto was a priority.
The discussions held between the G20 Finance Ministers and Central Bank Governors were expected to chart the way forward for globally coordinated crypto rules.
The synthesis paper will be submitted during India's G20 Presidency which culminates in September when India hosts G20 leaders from around the world, said Indian Finance Minister Nirmala Sitharaman during a press conference.
Asked whether consensus around global crypto regulation that India had prioritised for its G20 presidency will arrive during India's term, Sitharaman said "first of all we are going through the study process so that their can be informed discussions."
"Something should develop," Sitharaman added while referring to FSB's expected paper in July that will lead to the synthesis paper by September.
Sitharaman also said that Canada's central bank governor cautioned other members that crypto assets should not be given "regulatory seal of approval" without a well-thought-out approach and a framework for implementation.
"The World Bank stated that views of all developing countries should also be included in any (crypto) policy framework," Sitharaman added.
India's Central Bank Governor Shaktikanta Das said that there was a marked shift in perception around crypto assets by G20 nations in the past year which saw the collapse of several major crypto companies, including FTX, and a global contagion. There is a wide acceptance about risks involved in crypto assets now, Das said. Global Crypto Rules to Be Based on Coming FSB and IMF Synthesis Paper, India Says After G20 Meetings |
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Have any of you made such kind of trade which is a coincidence or through some insider information.
Like never happened in entire timeline until today! In fact it is the very reason I stopped playing around most of the altcoins because they are dumped as soon as they get listed and they never come back really. Due to free giveaways which is most common practice in the ICO, Airdrops, Promotions, Bounties and what not, millions of tokens are dumped if the project is successful in listing their coins over an exchanger. I have observed closely, the project will always claim they will have listing price of lets say $10 but as soon as they list there are legend players who will have those free collected coins and start dumping right at that price and by the time investor like me reach there to take profit or even wait in some instances in a hope that I will get more in the future, I will loose everything in the process. The insider job can only be done by two people, one the owner himself and secondly the people who work around the owner. Seriously, this is why most of the altcoin project fails in the first place. Those which survive are always running on external oxygen per se. |
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For privacy purposes we always recommend to use TOR, clearnet can't be considered as safe w/ or w/o using ddos-guard/etc.
If it's very recommended, better to put that link on our signature also like other companies. ( I just saw that onion link on full member signature only). I ever use TOR, and maybe if the user wants to use that onion link, better to have high bandwidth internet because when I tried in past, it was so slow if only have a 1-3 Mbps hotspot from the phone. Just asking question out of the blues, why we need privacy based browsers when we use mixing services or it is just an optional way to add more privacy to our transactions? I am just trying to understand the principle behind the same because if I know one thing, if I am using lets say YoMix for minting entirely new coins from my old one's then I am trying to rely on the service for my privacy only. The question is why would I need TOR like browser to use such service if they are already providing what I am seeking. It could be dumb question for which I would be happy to get answered, considering my curiosity for the same. If it's very recommended, better to put that link on our signature also like other companies. ( I just saw that onion link on full member signature only). If using TOR really makes any difference then definitely we should have it either published on the YoMix site as well as have the corner of Signature code updated displaying TOR or relevant browser name for additional security or whatever purpose it may solve. |
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Punt.com offers INSTANT Withdrawals!
What is the definition of instant withdrawal? AFAIK, instant withdrawals are processed within a few seconds (in less than a minute). But Punt.com is taking 10-15 minutes to process a withdrawal. I have tested it with two withdrawals. Still, it is better than some other casino where the withdrawal takes 30 minutes to a few hours to be processed. So it is not a real instant withdrawal, means that they process it manually but they do it fast within 10-15 minutes. I have not made any withdrawal from punt as I made one deposit only months ago and lost it all within minutes so I have no idea how fast they process withdrawal. But if what you say it true, they cant claim it as instant because it should be processed just after player hit the withdrawal button or in other word we can say Automatic withdrawal. If there are several minutes between the time we hit the withdrawal button and the time of they send the transaction, I think it is a manual withdrawal where there is a moment for the admin to process it manually. Ahh, come on we dont need to be that stringent about it. At least we have one more casino which can be trusted with the withdrawals and has no issues with it so far. For me, being in the crypto space waiting is not new thing. Having your funds within 10-15 minutes is still faster one and we should be all right with it. Obviously everyone has different perspective about it. Its ok if they are growing and once they have higher funds may be, an automated payment processor can easily take over. It is just matter of time when a casino can go brrrr with their payment machines.  |
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Why did they file for bankruptcy?
- rising interest rates
- high inflation
- Difficulty hiring
- ongoing war in Ukraine
I'd consider COVID related matters to be the biggest driver of bankruptcy within the last two years. Interest rates, inflation, labor shortages are all a result of COVID lockdowns causing the government to begin printing money as a form of economic stimulation. All the meanwhile, businesses are forced to close down. To the extent government can force you to close your business, I don't know what an entrepreneur is suppose to do to combat that. Being flexible with e-commerce might be a mitigating factor but that isn't feasible for a lot of businesses. Bankruptcy started right after the second worst wave during the covid when whole world stood still and Governments were not understanding on what to do about it? Imagine whole supply chain from multi-national routes, whether sea or air were stopped and billions of dollars worth transactions suddenly went to zero. This was definitely a seeding activity for the economic crash and start of inflation during that point. The factors which OP mentioned were not responsible for it, but they got initiated due to pandemic after effects. Excluding WAR situation others were definitely the reasons for same. Now, when the War broke out it was aggregating factor because it involved one of the biggest supplier of oil which again is one of the crucial fuel to drive the economy world wide. In short everything was inter connected and it started that very chain reaction to make businesses go bankrupt. |
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I wonder what blueprint for the future they may have come up with. El salvador's initial plan of using cheap geothermal energy to mine crypto was a decent plan. Is it possible that they have a solid blueprint for encouraging the expansion and mass adoption of crypto on a global scale? This one definitely feels like to open the doors to business on a multi national level. I mean with the El Salvador's embassy's having their presence everywhere in the world will have only one agenda and that is to call for businesses to invest in their country via Bitcoin as borderless route for them. Imagine El Salvador is having embassy in our country where bitcoin isn't much accepted or having no legal tender for the same. However, there are hundreds of businesses who are willing to do the business in Bitcoin payments. They could literally go to embassy and apply for the foreign support and have bitcoin payments as medium for them. It could keep up their demand of bitcoin supply via El Salvador irrespective of the fiat they are using and thus could bring more connectedness with the El Salvador's Bitcoin HUB back in the country. With all due respect Bitcoin don't really need that...
It's a Global Network which exists in most/all countries rather than one. And it's not owned or control by one country/people. We don't need government approval to use and be part of it. Besides, its participants are not foreigners in their own countries hence the little to zero need for any embassy or consul. You could however have Bitcoin independent govt/communities operating in the countries
Nobody is doing it for the bitcoin actually. It's El Salvador who is using bitcoin to attract different businesses and increase their income sources. I think El Salvadors plan is bigger than what we could imagine in the long run. |
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The BIS Chief Agustin Carstens stated in his interview that Bitcoin has lost it's battle against fiat and it can not prove itself as perfect monetary system. Cryppto as whole is failure because of it's various failures whether it is exchanger collapses, whether it is bitcoin getting down by 65% from it's value or having unproven ways of transacting it. He calls it as "non crediting" system which do not give/make up for a credibility of the user. For example, a central banking system with it's historical perspective can make this happen. Furthermore, he also fingered stabelcoins with failed asset and many of them "blown off" stability and made losses to many investors in the process. THis happened because they were not able to keep the prices to $1. Since he is a banker, I believe he thinks crypto is failure because it does not "add" any value to your crediting history. It does not move your CIBIL score and thus no one can trust you financially if you go completely decentralized over the period of time. How strong his statement could be in making a negative impression over crypto community? The argument that crypto is an alternative to fiat currency has been settled following last year’s turmoil in the digital-asset sector, according to Agustin Carstens, the head of the Bank for International Settlements.
“That battle has been won,” Carstens said in a Bloomberg TV interview on Wednesday. “A technology doesn’t make for trusted money.”
The digital-asset sector is still licking the wounds of a $2 trillion rout and the November collapse of Sam Bankman-Fried’s FTX exchange, which has morphed into one of the highest-profile corporate crime cases in US history.
Bitcoin, for instance, is down 65% to $24,150 from a peak near $69,000 in 2021. The crypto collapse and a series of related bankruptcies undermined the claim that tokens can be relied on as stores of value and mediums of exchange.
Read more: BIS Says Retail Lost Crypto Money as Whales Sold in 2022 Crash
“Only the legal, historical infrastructure behind central banks can give great credibility” to money, Carstens said, adding he anticipates a “strong statement” from the Group of 20 for strengthened regulation of the digital-asset sector.
Crypto is a financial activity that can really only exist “under certain conditions,” he said.
Carstens also spoke at the Monetary Authority of Singapore, saying that central bank digital currencies — or CBDCs — and tokenized deposits can aid efficiency. He proposed the model of a unified blockchain under a public-private partnership where a central bank underpins trust in CBDCs.
Carstens touched on private-sector stablecoins in the speech. He said regulators must ensure stablecoins don’t harm investors and consumers or fragment the monetary system.
Stablecoins are crypto tokens that are intended to hold a set value, for example $1, but some have blown up, saddling investors with losses.
Crypto Has Lost the ‘Battle’ Against Fiat Currency, BIS Chief Agustin Carstens Says |
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You forgot mention very important point here and that's: stay away from the ponzi schemes. Crypto space is full of that and you wont believe how one gets deceived into the grim unreal world of investments. Bitcoin followed by other currencies were actually meant to relieve the stress of centralized burden of transactions from the shoulders of user. However, soon few of the people started turning it into the business models of making quick money. Whether it is ICO sales, cool graphical roadmaps, utility coins, or whatever that lures people, had scam scheme one another after one. Back then also we had such advice topics but somehow there is always that one new person who gets scammed, Better learn from the mistakes of everyone who shares their bad events. |
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Punt.com offers INSTANT Withdrawals! Unlike many online casino's, Punt.com offers instant withdrawals. This means that you can deposit, win, and immediately cash out! Just one of the good feature of any genuine casino. Being casino freak I always like services like these because that is why we are on the money making platform. If I am in the mood of playing then I want my money deposited quickly and if I am having good winnings and I want to withdraw then yes, I need my money immediately because that is why I came to the casino in the first place. Definitely good gesture by having this feature. Hope it lasts forever and keeps the user happy all the time. A balance giveaway with instructions has been posted to our Punt.com telegram! Act fast! A small balance giveaway has been posted in our official Punt.com telegram. Here's the link to join! https://t.me/Puntcom The way Punt publishes their meme along with promo is just very funny. Just saw recent promo and laughed a lot about the meme in the first place. By the $5 giveaway is not small one but it's really huge as compared to many casino's that I know. This is again wow factor about Punt. Keep it up guys and good luck with the more promo's to come. |
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I am not sure why we are drawing the conclusions based on what literature states and what is the connection between myth and highly modern tech like blockchain with its coins. I mean, they are just coins and we can either accept them into our financial system or we can discard them from our financial system and enjoy what we have at our hands! Some brilliant mind created blockchain then some smart people using the tech to run their vehicles that is the bitcoin and altcoins and common people like you and me are using them to transact. It's simple formula and I dont really think we need some spiritual energy or text to let us know whether it is acceptable or not. (Or possible I have judged your statements in wrong way which will again change the entire context above) There are some who claim israel has the highest average IQ of any nation on earth. If this is true, is it possible that a high percentage of israelis are technology and tech savvy enough to enjoy a high percentage of crypto mass adoption coupled with high rates of bitcoin HODL? I just hope this is not really true or its kinda hard to digest for me. If there were such high IQ's then they would have been Bitcoin hotspot now however it is far west in the El Salvador where appropriate actions have been taken by the government and they are doing just fine with normal IQ. I don't really think having high IQ can lead people towards tech savy nations. If anyways all of them averagely have higher IQ's then it balance out the crowd to think about nigh parties and beach stuff with same pace but with different angle. It means nothing. |
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Many people are relenting to trade or invest but assuming the pumps start now, everybody will wants to come back and make money. People can not endure test of time, everybody is taking out their bitcoin investment because they've no strong foundation for bitcoin but those staying and keep trust the project of bitcoin will reap the reward of their patients.
This what in 2011, people miss opportunity to be rich by the act of impatient and remorse of system crashed but we are strong enough come rain come shine we will still wait for good days to come. Bitcoiners for life
That is Bitcoin's next big thing in line. I mean what would you expect when bitcoin goes up? A race where newbies are having FOMO investments while legends who already had bought bitcoin at the discounted prices will be either hodling or pressing sell button as fast as they could. That's what happens when bitcoin is pumping and people reacting to it. For example, in any type of trading (like commodity based, shares, stocks or crypto for that matter), there are always few type of fixed groups 1. There are FOMO investors 2. Group that is buying constantly for DCA methodology 3. People who are long term institutional investor believer. They will just keep buying irreseptiov of prices 4. Group that would be selling to book profits. ....and that is why there analogy of above cycles. Does the title match your posts?
I am not sure. Maybe due to the language barrier.
Who said Bitcoin doesn't have a strong foundation? Already millions of people use bitcoin and hold it. Day by day, people are learning more about bitcoin. Whoever knows in-depth details about bitcoin and its features. They are still using it, and it's spreading over the world. Nobody knows when the pumps will start. Everyone just predicts and we do the same as well.
OP is referring to sudden spike in activities that I have mentioned above. More than that they might be thinking about increased transaction / network congetion that happened during the 2017-18 Bitcoin pump. At that time bitcoin confirmation were taking longer than usual. With low fees it was weeks and even month in some cases. That kinda "traffic jam" they might be thinking here. |
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It's the first time I hear about The Motley Fool, but it seems that the amount of $ 5 million is not huge compared to its name. I tried to search for the company's net profits during the past year to estimate whether this amount is a real investment or is it a hedge against inflation by putting 1% to 2% of the profits in High risk investment.
Overall, it is good to hear some positive news after months of negative news.
Yes there books are big and they are one of the risk takers for sure. The company is neither recent and nor it started as crypto investment firm because their foundation dates back to the 1993 year which is quite impressive timeline. We should anyway take positive crux from it that firm picked up on the bitcoin investment along the way. They really set the good example of investing into assets which are newly invented and has potential to grow. The Motley not only invest in the bitcoin but also in the alternate portfolio which has huge potential to become 10X in the coming decade or so. We don't need news like that to motivate ourselves because we have already experienced many events in the market. This situation, where the market is experiencing a decline and rising again, has given us evidence that we will get big profits if we keep bitcoins for a long time. News like that is bound to happen, and if you read negative news, will you lose your motivation to invest and keep bitcoins? I don't think it will affect people who have trusted bitcoin for a long time. So make up your mind to save your bitcoins, and don't get swayed by the news. But that news will motivate new people who begin investing in bitcoin.
Positivity is required by each and every investors otherwise we would have been playing stones and pebbles to be honest. Humans are complicated and they always need a spark to do something. Whether it is a millionaire who is getting motivated by the dream of becoming billionaire one day OR whether it is you and me getting motivated with the fact that holding bitcoin consistently might make us millionaire one day, everyone goes through that path for sure. |
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It is surprising how they created the entire section on telegram. Though I would suggest it is really not necessary but to keep Italian spirit on, I think they did great job by doing this. At least those who loved the fact of having bitcointalk section on the telegram will be more impressed with this. Personally, I love the bitcoin talk forum as it is. There were many suggestion back then to add more stickers, to have some animated contents, or may more sections which will be able to run the videos directly and what not. However, what really keeps bitcointalk special is it's simplicity and that silent color tone which is unchanged since the beginning. If we start adding more contents to it then it may not feel like same old forum and would take out all the fun. Though I suggested few changes myself in regards with profile, for example adding QR codes etc but it was mild one and also insider one, related to profile. So, by that calculation, having entire section accessible from the telegram is just too far, you know? Just personally I would be less active on it and more here. Just love that tap tap tap on the key board whenever I am reading and posting. |
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I love how this casino is all about colorful characters and HD designs everywhere. First it had glitch in loading the casino but it seems it was problem at my end. I am loving the fact that they have merged everything with the social networks and giving the feeling of playing multiple games already that too with our friends. Good strategy to have our friends and family on boarded with this. You guys already started with 100% promo boosts which suggest keen planning on promoting the casino. Just to get started I would say you can also give us special bitcointalk promos to get started with. Mostly, casinos also host various Games and Rounds in the Gambling section to have races in between. Considering your casino is more or less concentrated on the Social theme, you can really get started with it so that we can form teams here. |
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That's called as contigency question and you should always have a contigency plans for exactly similar situations. Anything like this happens, I an still good to go with my life and what I do today out of crypto space. Nothing much really will happen if bitcoin goes zero someday because I am not surviving on the bitcoin, I am actually saving it so that I can have some good profits in the near future and I might use that money to fulfil my richie rich dreams or may be have leisure time for myself with my family. However, it does not mean I won't have it if I dont have bitcoin because that is just being from the passive income. I am working professional, I have salary which I save, invest, keep some money aside for my daily routines and expenses. Life would be still normal if bitcoin ever collapses. If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?
If bitcoin crashes today, I'll buy more bitcoin at cheap and discounted price. The crash of bitcoin is an opportunity to make millionaires. Not a misery. Anyone investing in volatile assets should invest what they are able to lose. I don't want to read the crap that people sold their properties and invested all in a platform that is not even a bitcoin platform. I think what OP meant is, what would you do if bitcoin just vanishes like that and does not have an existence anymore. Anyways, if bitcoin just crashes we all know what to do. Get more, hodl and wait for the down wave pass on so that everyone can have more in the form of fiat itself. |
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