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Its really good to see such kind of positive topics being discussed here which promote the crypto and postivity around.The countries have accepted crypto to boost the financial status of their country and recognize themseleves as cryto freindly and you can trade there without any legal hinderances and earn good profits.There are many other nation also who promote crypto usage like japan but the number in the above mentioned countries is quite large which is good for its growth and adoption at global level.
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What are the things differ from mindset of common man with investor,please share your thoughts.
IMO,investors never want to take loans for their consumption like home loan,car loan,etc then just save money and will buy the things for their needs but common man like you and me will buy the things immediately when we get the desire of it using loans but we are paying 20% of interest to those kind of loans.
The common man have no proper knowledge about prevailing market conditions and invest only to add on profits in his financial condition just to survive more comfortably while investors invest to gain huge profits with more liquid cash invested in different projects and have a foresight in the market.I would say that you should never took loan from banks or other financial sources just to invest in highly risky ventures which could cause trouble to you instead save it for some emergency needs and be wise. |
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Bitcoin just made a sudden or abrupt rise hours ago and it reached more than $10,000 before settling at around $9000 as of the moment. Now, I am actually so excited and happy for this development as I also have some Bitcoin hidden somewhere. However, i am a little worried that this very volatile move can be bringing some damage to its overall reputation as a store of value and a future global currency.
Is my concern really valid in the face of this ongoing development?
Not much worried frankly speaking as prices have shown growth rate after a long time which indicates pump in the market soon when prices can cross $15k but we might see another correction in between these period which will be followed by the price surges again which is market strategy so we don't need to worry anything. Just be happy,patient and hodl until prices reach your satisfactory level. |
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Buying bitcoin is also a good idea but make sure you hold it for a long time. because I realize that people who intend to buy bitcoin often rely on it a lot, hoping that it can bring big profits in the shortest time.
That would be the most misleading mindset and you need to set up a discipline board when investing long term to make sure your portfolio is on the right track.
If your only motive is to make profit then why to insert the condition of holding bitcoins for long? You sole concentration should be on the profit element. Just set your target and if bitcoin reach that target in single day then sell it and enjoy! No fun in holding it for long and see your profits dooming again. |
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Describing a shitcoin varies from person to person. An alt that made you good money doesn't mean that it's a promising one. So please be honest, and if you ever have to sell your btc, what would you buy with them?
My first vote to Monero, for privacy reasons. Fuk ZEC and its "optional privacy" which is NOT a privacy actually. DASH? Lol, no privacy. Another bitcoin clone methinks.
Second one is Ethereum, there is no serious competitor in smart contract area.
I cannot find third one. Maybe NANO.
Associating sentimental value is the biggest mistake you can do as a trader. You should treat every coin equally. Be opportunist, not follower. You aren't buying clothes or car that you have to use for a time being. Rather you are buying coin having zero utility to you other than being investment item. So instead of differentiating coins on the basis of features, better study the market performance if your sole motive is to earn profits. |
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I think after economy boom and the end of huge debt wich will be never repayed there will be Economy slow down and fiat currency Will have huge value!!
During the boom assets Prices going up... So More money Will Go the asset owners Once boom is over the most of the money Will be hands of the rich... Everybody Will be debted... Simply everybody is looking for money but simply there Will be significant smaller ammount of the money.
So in my opinion Bitcoin Can Go up like 100k to 500k. Even 1 milj.... But at the end it will crash.
And after crash the fiat currency Will have biggest purache power. Crypto Will be zero.
The point is that debt and quantive easing will Give at the End More value to fiat currency!
So those who talking about fiat currency devaluatiion or so You are all wrong.
You started with logical thinking but ended up messing everything. During boom, more money is generated in the economy, correct! But all this money doesn't go in the hand of asset owners. Rather it is distributed among all factors of production namely capital, land, labour and entrepreneurship. Land owners get rent, Entrepreneurs get profits, salary workers get salary/wages and capital providers get interest. So money is not just tap in the hands of rich, rather it is distributed among everyone. And when bear market returns, everyone face recession, even rich as their assets' value depreciate too. |
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I am prepared myself for trading. But i need some suggetions from here. There are many way for trading in cryptocurrency. But i need correct one which is profitabe. I am prepared myself for day trading. Is it profitabe?
Yes it is profitable even in bearish market if you have proper knowledge and skill to survive in the market or the coin in which you are trading have growth oppurtunities and you regularly monitor your investment and take instant decisions.Many have gained huge profits even in these two years with their talent of trading in this volatile market. |
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over the past 2 days that we saw a small 9% drop i have seen all kinds of so called "speculation" where people are seeing all kinds of doomsday scenarios. in some cases it is wonderful how their imaginations work. from simple whales manipulating to the good old China bans bitcoin has been the heated topics over the past 48 hours! what happened? price started a tiny rise then the FOMO kicked in pushing the price back up. guess who was FOMOing?  People create FUD when the market is bearish and try to convience that its just bubble and can burst anytime but as soon as the prices pumps they start speculating that it will cross $10k or so and again spread negativity when prices dumps.So we don't need to take care of them as btc response them with bouncing back and showing its potential to rise in worst time also.Have faith. |
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Hi, >:(I'm new but I'm looking trusted site to buy. Please help me.  Thanks There are several legit exchanges in the market in which you can trade but you need to specify your requirements like Binance is most popular but have long documentation and require KYC with high fees but on the other side Coinbase have less formalities.So it depend on you or in which country you reside.Other good option is Kucoin or just visit localbitcoin.com and simply trade there with your funds. |
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I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?  Most of the altcoins follow bitcoin and if the price crash of btc to $5000 or even lower then we will see bloodbath in altcoin market as we have seen in past two years and most of the new altcoins will be wiped out from the market in such conditions.But be positive on such matters as the whole market will suffer huge losses and its hard to rise again. |
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Alts have been known for their fakeouts. But it turns out, this time alts are poised to pop hard. What do u think? Its been five days since the moment alts first started showing signs of unrestrained bullishness. Im monitoring these suckers hell I do. Look up binance charts. Alt season may have just started. Do u guys buy? By the way, tradingview people seem to be deaf to what Im saying. No one gives a shit. Just an army of stupid scants doing 10 bucks bitcoin swing trades, and maybe ripple also. No one wants to hear about alts. Whats the matter with ya?
At current i don't have any altcoin in my portfolio except ETH as it is the most potential alt in market and prices are low at current but soon they will rise and cross $500 next year and with technology development and adoption it will be most used altcoin globally so i prefer it.Other good options are Litecoin,XRP as prices are down but soon they will follow the btc rally and get boost. |
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What you think more profit, participate in IEO or wait after IEO and buy the token from exchanges?
The same case applies to IEO as it applies to ICO as most of the people wait for the coin to be listed on the exchange to buy them at cheap prices or avail discounts before the starting of ICO known as presale prices and after that try to dump their coins in the market in order to gain large profits on capital invested.So make your decision when is the best time for you. |
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Day trading is not at all easy task and you need to have high level of knowledge and skill in the market and the coin in which you are trading must be profitable otherwise there will be no fun of trading as you have to take instant decision based on your assumptions.So i prefer long term hodling if you lack these skills and wait for right time to cash out your profits when market is in bull run.
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Sure it's impossible to say but still... after yesterday hearing i really don't know what to think. Used to be sure Libra entry will boom the market once again but it looks like Libra's not coming shortly.
Is btc halving the most promising ''event'' we are looking forward to (at the moment)?
I am optimistic about the growth of market and we will surely see boom in altcoins soon as the chances have increased with increase in bitcoin price and alts have also followed the rally with pump in prices so be postive about it.Next year halving can pump prices so who knows what happens next in this volatile market. |
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With so many good altcoins around, do you think Bitcoin can cross $50k by Dec 2020?
Not sure whether bitcoin can hit that anticipated level of $50k by the next year because its too high.But if everything goes right and large manipulations or dump situation are not faced than we might hit $25-$30k next year.But still there are chances of everything in this market. |
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Fiat become worthless in the case when inflation rise to highest level that you can't exchange it for any item or the government declare the currency invalid to be used in economic system and you can't use it in the country.Because fiat is the main financial source of country and it can be worthless only due to political causes of country.
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You can never get high returns from banks or any other currency if compared to bitcoin as it has outraged each source of earning.Usually you get 7-8% of interest per annum on your capital from banks but in btc you can get 100x-200x profit within short span of time when bull run hits the market. I have also profited from it many times so i prefer to keep less money in banks and invest more in btc.
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China’s state-controlled television station, CCTV.com, recently hosted a segment breaking down Bitcoin, according to a prominent trader that closely follows the region’s cryptocurrency scene. China's state controlled television explaining the basics of "first ever blockchain technology" #bitcoin $btc, and how a distributed ledger works Imagine 1.3 billion people got to know bitcoin because state made an effort to explain how it works. Yes we dont deny the fact that China has contributed to increase in prices as it is the center of mining farms all over world and its decision of adopting blockchain technology has pumped the demand in the market creating huge investments by the investors leading to price pumps over $9500 at this time.If this pace continues than prices can easily cross $10k by the end of the year without seeing any correction. |
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Its really exciting to see btc being recognized at high levels and used in sports like football as it is favourite sport around the world which can have greater impact on society as whole.There were many incidents that i remember where btc sponsored or took part in various games online.Still a long way to go before its get mainstream so wait for that time.
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I have some altcoins from early 2017 and some BTC and ETH too. I am thinking about investing some more but don't really know what i should be looking into.
Below is my list of coins.
BTC, ETH, NEO, ADA, LSK, LTC, Stratis, Waves, ARK, SHIFT, Pivx, VTC, GRS, Powr, Tenx
When i bought in early 2017, Statis, Waves, Ark and ADA was popular, how are these coins today?
I am not interested in low market/very new coins.
Thanks!
If you want to invest in popular and profitable coin then i would suggest btc as long term investmemt option as others have less chances of growth due to less popularity like Waves or ADA and chances of profits are less.I am no trading expert but i am just giving advice to be safe in the long run as btc cannot be compared to other in any means so just play safe.Else your wish. |
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