Banking will be better than now but crypto cant replace them for sure
Use of banks has become less than before we got better option to store our money in crypto for long term. Keeping money in banks is not that profitable and safe and crypto increase our money in very short time. We should keep storing money in crypto its holding fkt small time can give you profit and keeping money in banks will give you very little profit for long years holding so banks are now almost finished using I doubt very much your words. 90% of people will not store money in crypto because it makes no sense. What are their options? Buy bitcoin - which is extremely unstable in price, and it is not known what will happen to it in the long term. Buying altcoins is an even worse option. Buy stable coins - but why take the risk if you have fiat. for now there are still many people who don't understand cryptocurrency, and they only know banks that are familiar. Moreover, the absence of government regulation has led to the development of crypto not as desired |
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According to conspiracy theory, Is it possible that the bitcoin was created by governments to gain financial strength in the modern world?
It can be a theory, there are a lot of theory but we know that the government was against by crypto so how can we believe on that theory? Bitcoin was created year 2009 so we can say that there are some explanation because 2009 was not that old. Its really contradictory if we do think and compare carefully.What the hell on that kind of thinking to say that government is the one who made btc? They are just burning theirselves to their own yet we know on what are the things that Bitcoin do have.So simply means they arent the ones who created this stuff. If they do then they wont really be that worried too much because we know that government do likes manipulation and controlling everything. I think there are need to know the definition of Bitcoin first, what it is and how it works. Why would governments and central authorities would create something of decentralized nature? Why would they create a threat for themselves? Why would they let people get benefit out of something that is against them? The answer to all questions is never, not in any case. Anyone can be the developer of Bitcoin and crypto except government. Indeed. Everyome could really create their own cryptocurrency, but it is really impossible for the government to create bitcoin because what are the reasons why they created it if they couldn't control it? and why they let people to earn huge profit from it for freen, if they don't need to pay taxes? There are really a lot of questions that we can ask to the government if they are the ones who created bitcoin. But we don't know who Satoshi Nakamoto is? with a certain purpose I think there is a possibility the government created it to present to the world to use it too, even though they already hold some of it to control the circulation in the market, and in the end if all countries use it, then they are the ones who benefit |
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Few days later near with Chinese new year look have bigger effect where bitcoin and altcoin back to lower price, I think always have bad moment with Chinese new year almost many investor and bitcoin holder from China will sell their bitcoin to celebrate with Chinese new year, I think two days later not good moment to buy bitcoin and better wait until chinese new year finished.
It is likely that there will be a big influence when Chinese celebrations will come, even many people speculate that events in the last year will again occur. I think we can understand that because bitcoin users in China are quite large even in that country there is bitcoin mining that is large enough so that when the celebration arrives many will sell bitcoin to be able to celebrate the big day But I don't think chinese new year makes people dump all of their btc or cryptocurrency. they are just selling some portion of their coin at best and it's just a chinese new year that the celebration will ends in 1 day. dumping all btcs just because the upcoming of chinese new year is kinda silly dont you think. of course the activities in China will be stopped temporarily with the Chinese New Year. but for taking bitcoin, I think it's only as necessary, because it's only to fulfill needs. of course, the global market has become temporarily unattractive |
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It’s very important that people hold some bitcoins in their wallet, even if you’re a day trader you still have to keep some coins in your Bitcoin wallet and any other coins you would like to save because at times the biggest profit might come from long term Hodl. We don’t really know how the situation might be after the Halving, there is no assurance that the same thing that happened in the past, the bull runs, will repeat itself this time around.
I have seen a lot of technical analysis and the price seems to be moving the same direction and I strongly there will be a bull run after the next Halving. I have invested an amount according to my level of risk and I’m waiting for it.
there will definitely be movement, but if you look at the halving beforehand, the movement will not occur simultaneously when halving occurs, the movement that occurs in my opinion is like a FOMO or FUD. we will still wait for quite a long time if prices will move significantly like previous halving. but I don't know whether this year halving will be so hype that it makes people FOMO or FUD so that before and after there will be a high enough increase? I guess a lot of people don't want to miss that moment. days approaching that moment, I think there will be a lot of fomo. and in the end there will be an increase in prices as there is demand. and after that many people will wait for the results of the news to determine the steps after the halving bitcoin occurs, at that time there will certainly be a big movement, whether fomo or fud |
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scammers will destroy this way of earning if the situation does not change
people investing expect profit
but when the token goes on exchange it costs a hundred times cheaper
When the token costs much more cheaper than the ico price and then it will be the next scam project as the funds were fully controlled by the developer. The fact that scammer has already destroyed the ico and scammer is also doing the same to the IEO. The scammers must be dead for sure. sometimes they pump to attract the interest of investors, and afterwards are dumped, and never rise again. many projects do like that, in the end the investors lose money and seem not to want to go back to the ICO project |
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reading every chart / candle must understand trading indicators, you can start from studying that section because it is the most important basis.
it's not easy to just study theory, it's better to understand it when you are in an open position and then start choosing the TF you want to use, if you understand this basis then you will easily determine the strategy you want.
knowing various types of candle sticks does help to analyze the market. but I don't think we should rely too much on candlestick patterns, because not all are true. therefore we must have some consideration of the indicators, so that our analysis will be even more valid |
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They will restart the whole system and nobody have no debts at all.
There is possibility for that. There is what is called debt forgiveness. The government do that sometimes to its states when it is obvious that the debt is too much or sometimes, some part of the debts are cancelled. no. that is not possible. you think you will just delete all and get away with it if you have debt to pay to me? will be beat up by the bunch of mobsters i will hire to take the valuable things you own. if you own money to someone and you can't pay in the agreed date, your ass belongs to them. the government will keep stealing from their people to pay debts thats how it works. if it meant they will inflate their money they will do it to show they are doing something. I don't think is about mob action but government to government agreement can work on that. Or maybe, if not repayment in physical cash, exchange of some certain products on bargain can also work but generally, it is very difficult to happen. agreements between nations can help in transacting across countries, and this certainly can develop business in the import and export sector. without the opportunity, I think the crypto workspace seems limited, but I think it still takes a long time to be able to see it |
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Yes, an interesting situation. The Venezuelan government, represented by President Maduro, has launched an economic war with the United States and its dollars, and now they recognize that dollars are good for the country. Moreover, neither the national cryptocurrency Petro nor the transition to the payment of pensions and other payments in bitcoins saved the Venezuelan economy. Cryptocurrency did not help here, probably due to inept management of the economy.
The problem of introducing high technologies is also raised here. Practice shows that you should not fully rely on them, along with them should be back-up options for conventional technologies. Therefore, do not give up cash.
I'd forgotten about the Petro!!! Doesn't that illustrate that whether a currency gets adopted or not is down to TRUST? If Venezuela had a competent government and they issued a cryptocurrency backed by oil - which they have vast quantities of - the Petro would have taken off. It failed because people didn't trust Maduro. But people trust dollars. So that's what they've spontaneously adopted. policies that are not supported by society, will bring a turning point that is not in accordance with its objectives. Although the government has set the rules, the motion of trust in the government has not yet been maximized, and this is what prevents crypto from developing |
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How do you think this is devided with Bitcoin we can all just see the top richest wallets in Bitcoin, but do you think Bitcoin is more fair devided then the current money system?
What would be the most fair way of dividing a cryptocurrency so the whole world is actually part of it and gets wealth?
BTC is not divided equally into wallets, or we do not live in Socialism. This gap (discrimination by weight of money) is already the power source of Capitalism. So there is nothing BTC can do about it. Even the value of BTC is measured by the paper money that makes them wealthy. We support BTC not because we think it will be diversified equally, but because it is safer and more convenient than the current money. big ideas come up on bitcoin, but unfortunately many rich people and government officials who have not agreed with this technology, maybe because they do not want their comfort disturbed by a variety of reasons that can actually be overcome. |
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Crypto is not made to get away from taxes anyway. That should be clear to everyone.
Yes, crypto currency is made for people to have certain opportunities that make their living easier and the chance to grow their money either by investing, trading and many more. For me, Organizations and other business firms know the importance of tax on the country they are involving with; knowing their limitations and the requirement to abide in the law. cryptocurrency was created to change a centralized system that is fully controlled with a decentralized system, which has advantages. but the nature of decentralization is apparently not favored by various countries, even though it has a faster delivery system. anonymous nature that makes a lot of abuse |
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Gold is always a very valuable mineral. Buying gold is a correct and long-term investment. Bitcoin can generate huge revenue in less time. Also, bitcoin may be good for large investments. Carrying Bitcoin is easier than carrying gold.
you describe bitcoin as profitable in a less time an maybe short but you don't know bitcoin is also profitable in long terms ,gold continues to be mined and will not run out different from bitcoin has a limit and which will bring better prices in the future and short or long in terms bitcoin is more profitable than gold but the problem is the legality and trust of people in bitcoin is not high, especially since only a small number of active bitcoiners, I think that's the fact at the moment, is different from gold which has a high level of trust, even though the amount is infinite, but all countries accept it |
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Real estate take too much time if not researched properly to get good profit from it, while btc is more profitable if we compare their time and we know one thing for sure that btc is not going anywhere as it has already become primary currency in darknet and is being widely adopted as virtual gold. Current market for time being is manipulated but patience is the key and finally in coming few years we will see a good market for crypto.
I think it depends on our psychological nature. with the property I think is minimal risk, and the price will rise every year. different from fluctuating bitcoin so high risk. for those who do not dare to take high risks, I think it is suitable to invest in property. but for me investment in both is better |
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What dead crypto currencies do you know?
What are the possibilities for crypto currencies that almost can't be exchanged any more?
Do you have any ideas how to make money on big amounts of abandoned cryptos?
If one have good plan for advertising campaign, he can possibly "revive" a dead coin. Of course aside from popularity, if the crypto is truly useful and relevant right now, other people will catch up on its potential train. It will be difficult but it is not impossible to "revive" a dead coin. It can also work but it can also burn bright and short lived too. I think it will be more difficult to revive a dead coin, because there are already many investors who do not believe it, of course it takes extra promotion. therefore many developers choose to make a new project again. |
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i think it will be an alts accumulation during next 2 weeks with main cryptos mooving 10% range.
Did you mean about the accumulation period? The prive moving range can't be a good reason to determine when will be the best time to accumulate more altcoin and just try to take any bearish market as the best time to accumulate more altcoins. it's really wrong to say if the bullish market becomes the best time to accumulate more altcoin. when the market has not entered the bullish market we enter the market, and when the market has not yet started the beary market, we exit the market. I think that proverb can maximize profits, but it's not easy to find out, I think buying when the bearish market is an option, and I recommend to buy gradually |
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Don't get too excited because of current bull run, we have whole year ahead of us. Its Iran USA tension which stimulated current bull run and even tension is over, the bull run is still ON. Bitcoin is known for giving huge returns only to those who can buy at right time and HODL. Dont expect good from bitcoin if you start buying now.
But it’s better to buy now than buy later. Personally, I still buy bitcoin every month. I totally agree with you, we should buy before it's too late in the future. In the future the price may drop compared to the present but it will certainly recover and continue to go up, this market grows constantly after each year so if we invest earlier in this market then we have the advantage. And also I personally buy bitcoins every month, I spend all my free money from my main job to buy bitcoins and hold with inflation continuing to rise in fiat currencies, it will provide an opportunity for bitcoin to take over the role of fiat, although it still takes a long time. therefore investing in bitcoin will benefit when there is more adoption |
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Yeah, I also have a dream to use bitcoin daily living, for example in shopping or paying bills that so far only use our country's currency. Because here in our country bitcoin daily living is very limited. We can't use it however we want, if we do business on bitcoin, we still can. But for real we can't yet.
It's quite contradictung and ironic to say you can, but at the same time, you cannot. But to have a cleqr understanding to this, it is merely impossible for today to use it as a currency for daily living unless, a big project will implement to build a city entirely dedicated for the utilization of cryptocurrencies. In this way, bitcoin daily living will be possible as no entity will prohibit one to use it. for now we can only use bitcoin after converting to fiat currency, the lack of stores that accept bitcoin and high bitcoin fluctuations is very much avoided for small shops to use it, because they have a small capital. therefore we must wait for the next development |
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Few days ago I heard in news that the most popular actor in my country, Mr Amitabh Bachchan, he bought some bitcoins worth millions and later it grew and he gave some 20% tax on profit. I was happy that he did it in a country where anti crypto stances are still strong.
Isn’t bitcoin illegal in india? Mr. Amitabh Bachchan bought bitcoin? Did he talked anything about it?because as far I know if bitcoin is illegal and he bought it,then he should face police.I saw few news that peoples were arrested for using bitcoin in India then How Mr. Amitabh bought and didn’t face the law celebrities are mostly just a promotional event to introduce crypto to the outside community, and I think only a few artists who understand bitcoin. indeed in India the use of crypto is prohibited, I think if it is still done then it is an illegal activity, especially as an artist, of course, the government's attention to taxation |
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It is already there, rules are already set but the thing here is that they still don't accept bitcoin as it is. These stores accept bitcoin through their wallet which is a fiat wallet where bitcoins are automatically converted to fiat. Despite them using bitcoin, it is still in fiat and that is really sad.
No matter if they convert it to fiats or let is stay the same currency, as long as they are pushing peoppe to use cryptocurrency, it is never a mistake by them to add bitcoin and altcoin to their system. Today, what we need are the kind of stores like these, they might not find the true value of bitcoin, still, they are the mediators of sdoption for people that are open to accept bitcoin as it is, hodl it, and keep it as valuable. what is needed is the adoption of bitcoin for daily needs, so that it can spread to many people. at this time although there are some shops that accept payments via bitcoin, but I see it is not optimal, so it only has a small effect on cryptocurrency, on the other hand the role of government is needed to socialize bitcoin |
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Why people in cryptocurrency always comparing this two ? For me they are both okay but i dont look in what fundraising the project will do but i look for the potential project and that is the most important thing like Dencoin tokens they open ico but the project is to good to make investments so must try ACI COIN.
comparing those two bcz we wanna get good investment place In crypto, those fundraising are the way to buy coin in inital offering I would be easy to say that IEO is better than ICO. ICO era is end, most of them is just a shit IEO is held by exchange which would be strict to launch project. Not all project can be launched bcz of about exchange trust Indirectly, the fraud project contributed to the crypto conditions until a bearish trend occurred. many of the investors run out of money because they are fooled into a project. I think the ICO died because someone who used the opportunity to make money instantly, but with the IEO, the fraudsters have less room to move |
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But I think for new coins it is very difficult to develop their projects and also some new coins have not been listed in the exchange and some new coins listed in the exchange actually become dead coins. I also think the same as you that the price of new coins does not or does not affect the old coins but for now new coins do not seem to have the potential to make a profit.
I agree with you, because at the moment there are a lot of new tokens/coins but investors who invest their money do not get any profit at all, that's why they are increasingly afraid to invest in new projects even though the project has a good concept Yes, most of us are afraid right now, but let us still not close our door with the ability and potential to grow once we found new project that is worth investing and supporting, let's help them to grow so that they will continue their project as it will add value to the crypto world, but of course, always double check if they are really worth it or not. Those more scared are the victims of the bear market, that bought into altcoin late in 2017 and didnt exit early till whole 95% crash hit their portfolio. They are burnt already and have few fund to invest, the depression from the crumbled market is affecting a lot from making decision but we might need to pick up early cause the trend is about to change. I wont be surprised if ICO comes back this year, have seen startups raising fund already and the turn out is unexpectedly high. many people experience it, depression, panic, happens to those who invest at the top of the price. I think what needs to be done is to improve psychology to get back up, especially now that there is hope the market will be bullish |
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