I believe that banks do not accept cryptocurrency as they are two different systems and they cannot exist with each other. At the same time, there is a struggle between banks and cryptocurrencies, and if suddenly banks start accepting cryptocurrencies, it means that the current financial system is gone and another system came instead. But now it is too early to say, since it is not yet clear who will win this battle, bankers or digital devices.
The simple thing is because banks use a centralized tied system, where banks are too tied to government regulations, while crypto offers blockchain technology which is a decentralized system. it is certainly the opposite and it may be difficult to implement blockchain in such a complex system |
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Even in the harsh dumping, we are seeing so many investments and buyers for BTC. It has pumped more than $4k in 2-3 hours and currently at a $32500 price range. We are also seeing the news that the miners have moved from China to Kazakhstan overnight and hopefully, they will get the necessary support there.
China always does the same scheme, bans then after they buy a lot, they will give a promise that there will be a blockchain or crypto-related project that they will support, then they will resell it, very bad. that also happened in 2018 and 2019 didn't it? imo |
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My worst experienced is I did not sell any my crypto in the end of 2017, because iam too greedy and just hope the price will keep going up until my asset reach amillion dolar. Learn from that mistake, in this bull cycle when i made good profit I always sell it by half amount.
haha, that's bad. Unfortunately I'm also experiencing the same thing as you. fluctuating was crazy in early 2018 and I think that 2017 and 2018 and beyond will be the year of crypto, lol. yes, even though it may be a decision that I may regret for life, it's what it's, never leave the opportunity to get profit and always set a profit target |
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Dogecoin has smaller marketcap than Bitcoin and Elon can not save Bitcoin from 50% drop. Don't wish that Elon can save Dogecoin with 50% drop or 200% drop. In addition, why do Elon have to save Dogecoin? Price crash will help him to buy cheaper Dogecoin and prepare for another tweet. Elon is not responsible for fall of Bitcoin or Dogecoin. Price has to be fallen as natural price movement in any market. Bitcoin and Dogecoin would have not risen too much if Elon had not tweeted about them but they have to correct without Elon Musk. Yes, it can't be blamed either, Elon is certainly looking for profit in every investment, and doesn't care about the decrease in whatever % after he gets profit. but in my opinion, if this meme coin is able to transform their use case into a coin with charity or with a good social use case, I'm sure the coin even though the meme will survive in the future |
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ETH is a great platform when every project is rooted in the ERC20 platform, but to surpass BTC is probably a long way, no matter how strong the demand for that platform is. , because simply BTC is the king of the crypto market.
The OP said that it's about the market cap. and I think it's very possible that ethereum can outperform bitcoin in terms of market cap. currently despite the dip, ethereum is still pretty strong and even they haven't finished updating their technology thoroughly, I'm sure when the time comes ethereum will have a pretty big market cap and maybe on par with bitcoin's market cap |
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Shiba Inu may never reach $1 , but with cryptocurrency, you may never know. The half of the supply of shiba inu have already been burnt out to Vitalik and the rest are in the hands of the community! I like the fact that shibs is well distributed. Good distribution will lead to decentralised shiba inu. The issue of big dump by the dev may not occur and that will help the price of the token in the future!
You never know, but judging by their circulation, it would be even funnier if shiba could even hit the $0.1 price level, lol. unthinkable projects out there with good technology are still trying hard to stabilize their coin prices at certain price points |
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avalanche is always a good choice when the market is dipping. maybe some options such as xrp or cardano which may be more affordable can be a good investment alternative when the market rebounds and bounces back
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Doesn't it depend on a person's personality? Of course people will be easily offended if you hurt someone's feelings personally or it's about something sensitive about them, but I think it all depends on how that person behaves in responding to people's responses in their daily lives.
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Fear from not taking your chance This fear is something that can't be eliminated for every trader, even if you are already reliable. Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away. |
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I find it easy to hold any altcoin for 5 or more years. My wallet still has some airdropped altcrap and I've been holding them for 2-3 years already.
I dont know why people find it hard or impossible to hold for a long period. Probably because they cant set a goal and follow it. Their mind if weak and is leaded with greed.
This is what I think, just holding without having a profit goal is the same as throwing away money that is clearly already in sight. Holding too long will only apply to top tier coins that are proven to really have long-term products, but we also have to know that if we are already profitable, why are we still waiting so long? |
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Though we think that Biden's tax plan will be a success, the reality is that there are still many holes that need to be closed. I don't know how much tax rates they managed to get from an uperclass like the multi billionaire mentioned above, but it's pretty bad considering they can get away with it easily, and I'm sure there's still a lot that we don't know and don't disclose to the public, imo.
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Trading can be very profitable, but it can also be quite frustrating. My advice is, don't always chase losses to get your investment back, because in that condition, you will actually lose more and get frustrated. just stop for a moment, think carefully and change strategies
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Currently projects that have almost the same ecosystem or offer technology like ethereum are very good. Cardano, BNB, Avalanche, Neo. I really liked NEO back in 2018, maybe they they even almost have momentum like BNB in 2020 and this year, I don't know why they failed at that, but now NEO is pretty decent too
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trading is mental and psychology war in market , trading skill could be second factor if we could controll our patience when facing market drop or rise. most reason that caused trader failed only their greed , mental and psychology. they greed because didnt prepare well entering market and only thinking market could be short cut to be rich
this is sometimes reversed by many people. many of them are actually looking for many of the best techniques. although I don't think technique determines success in trading. No matter how good the technique used, of course there is a weak point, because actually trading psychology controls success in the market Technique clearly plays a big role in trading, because it is one way you can do calculations to get a profit. psychology is very important for you to be able to control your greed for profit, because there are also people who have the mindset of "always profit" which even though it will not be possible in trading. don't trade too much, don't chase losses and stop for a while if you get a profit, I'm sure it will help |
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yeah i also agree with this post, i also personally think that there will be another skyrocket for all altcoins, epsecially BTC, BNB, and ETH..
BTC will hit $70k, ETH will hit $10k, and BNB will hit $2k.
that's my prediction,
For sure there would be another all time high happening by the end of these year since the bull market is not yet confirm and the price for a moment is up and down. Not too sure about that, unless there will be a big event or top tier institutions and companies starting to accept bitcoins. there is always a cyclical market in every investment and we all have to understand that cycle to be survive and make a profit |
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That's what they want us to believe, there are a lot of other sources of energy or fuel but they don't like it because they don't make a lot of money out of it.
The fact is that almost everyone uses oil today, and almost all economic activity will be crippled if the supply of oil is short or stagnates, so this business is huge. even today we can also see Aramco is one of the companies with the largest market cap in the world |
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Well market dump is inevitable especially there were so many fuds on going and we are all used to that kind of stuff and seasoned crypto people were all immune. Good thing market recovered so fast because of many good news coming in especially on El Salvador and Elon Musk recent tweet that tesla resumes accepting bitcoin.
For the president of El Salvador, it is a great move. but for now, I don't really like Elon anymore, because he's proven to be less "dedicated" and only pursues high profits from bitcoin, yes that's his goal from the start, can't be blamed |
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It really depends on your current condition. but if I had both options, and I could buy a house, then I would. Having a house and a place to shelter can make you feel calmer, as well as clearer thinking, both in everyday life and decision making while we work. the psychological value when we have a house and only "stay" is very different
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I will not blame people who are fanatics with ethereum, because indeed they have very good and capable technology. but maybe here we have to talk with calculation and also reason. I think the numbers are quite reasonable if their plan (ethereum 2.0) is executed properly, I'm sure ethereum is easy to hit the price of $10k, imo
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Ethereum gas fees have even decreased to a level between 8 and 10 Gwei. This has been the situation for a long time. I hope that we will continue to see these levels for good. Investors must be really happy now.
Yeah man, Currently the average gass fee is 10 to 11 gwei. I'm sure after ethereum 2.0 is implemented, ethereum will be the best protocol at the moment. they have the best scalability and also the technology that the market really needs today, although there's a little delay, I think it's okay |
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