DeFi or decentralized finance can threaten the world of traditional banking, because of the shift in lending, even DeFi itself is known to be able to provide loans like other traditional banks.
This can affect existing traditional banks, because there will be competition between traditional banks and crypto in general, regardless of the various problems that will occur, crypto and traditional banks must be able to adapt to each other.
Crypto development is progressing so rapidly, this can be seen from the many users who join here, if Traditional Banks close themselves it is not impossible to be abandoned in the next few years.
Although currently crypto is still very risky, it is not impossible that in the future crypto can change finances, just need to wait for regulations or legal regulations, if this happens, it is certain that crypto will grow and be accepted by many people.
so far no, the banking system sees crypto as a threat problem many countries don't legalize crypto that's why banks won't cooperate with crypto. Traditional banks can provide many types of loans, houses, cars, installments etc. defi is a type of crypto-based loan and it will never threaten conventional banks. I think this is a simple explanation Banks still in doubt about where the crypto will proceed, even there are some countries that open with adopting crypto the banking business still not in the process of fully adopting this system. Like how you provide your example, there are deals that banking can offer, but unlike with how defi works, banks are more likely to a secure side that they are always in control. |
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Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=552853Rank: Senior Member Current post count (including this one): 1899 bech32 BTC Address: bc1qpuzz3j0d4svhxm8e69a7rnpplts08lrjmdltyu Merit EARNED in the last 120 days: 0 Do you apply for a specific region/language? yes/no and language : No Telegram Handle (optional): |
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Every cashcow has its time. I liked the idea of NFTs but with too many NFT around in the market right now, people will be more selective about what to chose. There is also mean that NFT has passed the accumulate phase and will soon have some correction as the trading volume slows down.
Slowdown as maybe another trend will comes up but so far NFT hypes still ongoing there are many investors and traders who continue to take their part trying to got some decent profits from this space. Some might taking their time and wisely observing which BFT project will provide decent profits, they are not rushing knowing that they are taking a big risk if they failed to choose which asset or NFT to support. I believe that NFT will continue to keep the bar, especially if there are interesting projects
For example, the $ YCT project allows you to monetize videos in tik tok,
There are bunch of NFT that really hyping and chances still open for people who have that nerve to risk their money. |
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Gaining experience about trading can be a bit of a loss at first. However, it will not be the case. Because those who stick will one day be experienced traders. One day they will become successful traders by following their new strategy.
Those who continue and not to be bothered by that loss will earned knowledge that will help and guide them to a much better trading experienced. Just like you said, one day they'll be more successful since they treat that loss as learning path for betterment of their trades. More than 95% of traders fail in the first five years of their trading career, trading abilities comes with experience and after many losses. Trading Cryptocurrency is not for everyone, if you however continue to learn and be confident in your own abilities trusting you will be able to do what is needed to be done without hesitation, you will eventually be successful!
Not for everyone who don't have the courage and will to deeply understand this venue of investment, High risk but the rewards is very decent if you compare things to other venue of investment, you need to allow knowledge and skills to develop, not an easy task but if you are keen you'll attained success. |
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XRP will either win the lawsuit or pay a fine to settle it with SEC. Either way, the price will jump afterwards to its old ATH of $3+ at least.
Well, in principle, this is true. No matter how the SEC lawsuit against Ripple Labs ends, the court decision will not affect the circulation of this coin. We are only talking about paying or not paying a large amount of fines. The SEC is claiming a $ 1.3 billion fine. Most likely, two managers of this company will have to pay it, to whom the SEC has filed claims of abuse. Erasing it from circulation maybe no, but a very substantial fine could be a realistic outcome. $1.3 billion is insane though. That probably even hurts th two managers. That's huge amount of money but if this managers see the future potentials of this coin for sure that said amount is not really hard for them to pay. Settlement might happened, Behind close doors talks for bargaining to try solving this lawsuit. Investors needs to have enough patience, waiting for the last time ATH or new high might happen along the way, it's take time after solving their concern. |
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Of course all these things can happen in the crypto world, many people have become rich in the crypto world, but you have to get rid of that mindset or you will be disappointed and traumatized in the crypto world, because not everyone is that lucky, success in the crypto world also requires patience and effort
Yes, not everyone in the crypto space can be successful with the same thing at the same time, especially when someone enters crypto not at the same time, so eliminating the mindset to get rich quick I think a very good solution too so everyone can focus at their job well even though the aim is also to seek very much profit. Yeah it's much better to slowly learning how this market run, instead of thinking of quick scheme to richness, it's better to think it as a good alternative for your source of financial investment. You'll be lucky if you understand how to manage your investment strategy, there's always opportunities if you keen in seeking for the right methods. |
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Today I am telling about BNB which I traded almost 1 month. After one month of experience and trading, I have earned almost $1000+. But one thing I realised, the long timers are enjoying the real beauty. In that period, I had bought BNB many times, sold also for making profit and I able to make it. But if I hold my funds from one month, I can easily make my funds 2x,3x or more.
That is which I found from my trading experience about BNB. Obviously I must say that it is a real money printer.
In a growing market, all coins can be considered as a printer that prints money. And as soon as the correction or lateral movement begins, this printer continues to print money for very few people. Therefore, beginners should trade strictly in a growing market Good example, there are many ways to take advantage just look in every perspectives where you can gain from this moving market, though it's not always rising, there's correction to anticipate but with your knowledge, You'll be able to position yourself with much higher chances of profiting with your investment, take time and never to rush things learn from every situations. |
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Holding coins and tokens and not looking back until you start hearing how big crypto market is will leave you in a very bad mood, I'm sure this must have happened to some people here as well, this is my new sad story, I have some moozicore and nxps in holding and I just heard that they swapped to new coins leaving my tokens useless
MZI swapped to MZG
NXPS swapped to PUNdiX
I hope others will learn from this
Some projects will allow you to swap their tokens so you can contact them to know possible solutions. And this is a real problem if you wants to invest on shit coins in long term, you have to keep in touch with the project all the time if you don't want to lose your assets. If you are an investor it's a protocol to keep yourself updated with the project you are holding. The kind of action coming from the developers are really important to track down, failing to do so you'll lose your investment. Swapping of coins mostly being announce before they'll going to process, you have time if you monitoring the development of the project, the only thing now is to coordinate with the team and try to check if what you can do with your assets. |
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With another tweet today, Dogecoin has increased by 15 percent. It's really incredible. It is surprising that people still trust this man's words. Nice coins elon.
That's how brands stay on top, they advertise look at the big stocks most of them are shilling their product and it resulted an increase in sale plus it is human behavior to follow someone's words because they have a reputation. There are people who just follow without doing any research, people who loves tailing those reputable investors and try to imitate their assets of investment. Sad but true, there are many traders who are waiting for him to make his statement and afterwards they are hyping the asset. Be careful if you are also following this person. |
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It's a scam. You can't even sell your coins because if you do sell, you'll be penalized for selling and 90% of your coins will be deducted to you. How is this a good investment for anyone?
Its massively being promoted by the users on social media because those guys have bought earlier. The power of social media is making safemoon project go up but it's definitely a scam.
Thats true, its like a ponzi scheme wherein those who buy early has a chance to gain huge while those who are late are likely to lose their money. Safemoon is very popular in social media particularly in facebook. They're shilling this coin to attract new investors to buy so early buyer can sell at high price. Beware on this token its not a worthy investment so everyone must DYOR especially the newbies. That's the thing, if you are willing to ride you need to act fast, this coin is very risky not advisable for long term holding, the project is being hypes and we all know that social media is very influential. Once someone calls that they've been victimized it will just like domino effect, early takers have good chance to earn if greed won't occupies their mindset, while late comers most likely lose and regrets their participations. |
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I have to say that after years of going through the bull market after many years, the coins that can survive the FUD will always exist and grow very strongly. In the case of XRP, I am quite confident that everything will be mellow sooner or later and it will soon increase the market, with its position as it is now I do not believe there will be any factors affecting its existence, optimism on the current market still has a lot of good opportunities and if you take a little risk I think the results for the next time will be very worthwhile.
Long time battle not just with SEC but from those fuds that continue to surround this coin, it's up to everyone who continue to support and buy this coin, risky but if fate allowed the profits is huge. Always take your side according to how you believe and understand the project, it's important to make sure that you are really wlling to gamble your investment if you continue holding this coin. |
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everyone can say like that ... I am a friend of Nakamoto, I am Nakamoto's younger brother, I know who was the creator of the original bitcoin, ..... Just prove it if what you say is true, with accurate evidence the public will probably believe it.
But to return to 0, I think it's very difficult because bitcoin has become the mother coin with a very strong foundation.
See that point, without solid evidence that kind of claims are nothing, you have to provide concrete and solid evidence before you can call something that will reflect to the project. Moving down ad returned to nothing is far from every investors takes. Most of them are continuing to possess this asset and believing that it will bring them good benefits. |
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Trading is definitely not an easy job. It requires some experience and knowledge about specified market. Sometimes can be trade goes in your ways but many times will be failed. Even a experienced trader can not predict the market exact. So to start trading everyone should learn some basics and then enter with low amount. That's the way to go.
You can choose your on options as long as you understand how things works and how will you manage to compensate with your chosen style. Losing is part of this venue of investment, But if you always experienced that better to assess and change your plan, adjust when it's needed if there's no change it might also possible that this place is not for you. |
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Great choice you've made. If you compare the performance of crypto assets and that of various stocks for a particular time period, i know you will be amazed by how impressive crypto assets are in terms of profits thanks to the volatility in crypto market which you won't get from other markets like stocks or even forex. It's just exceptional. I have friends that made a similar move recently to sell shares, bonds and other assets and put those funds in crypto. The interesting thing is that they were glad they did because those investments has been doing very well lately. Good luck
Not necessarily a good choice for me because you can get dividends on stocks while hodling while in crypto you don't. OP could've transferred it slowly or OP could've not moved it and started over in crypto. The concept of staking is same a like with dividends I think, you are also getting portions of earnings while holding those assets who do offer staking of their coins. It's always depends from how a person conceptualized his chosen venue, you can earn from both side as long as you understand what is best for your money. Opinions and other things that affects your mindset still relies with how you decide, you can use everything as good basis before jumping into conclusions. |
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A relevant and very positive news for XRP is that they are taking it into account for payments in HONG KONG, in 2019 many paid with Bitcoin and ETH, but currently due to the high fees they are taking as a solution the adoption of other cryptocurrencies than their fee be only pennies, Hong Kong moves a lot of commerce and has a growing demand in every sense, food, clothing, items that everyone looks for to cover their needs, and they have taken into account XRP for their payments, this article outlines it. But fees on Bitcoin are comparable (if not more), while those on Ethereum run over $50. BNB, XRP, and BUSD are a saving grace in that regard, with a fee of just a few cents per transaction. Source: https://cryptoslate.com/hong-kong-business-turns-to-bnb-and-xrp-payments-amidst-coronavirus-slowdown/This means that the more adoption there is in XRP, this helps to grow the demand and movement of the currency, it is positive and more in these moments where Bitcoin is going through a moment of high volatility and retracement, XRP is an infallible option for take advantage of it right now. With more news about this kind of potential adoptions, the chance that this coin will reach or surpass the last time high is very possible, for the moment those who are willing to take the risk can buy more now, currently the price is still cheap comparing to the last time high. Need to have good patience and willingness to risk your investment for much longer time if in case this downfall continue to dominate the market. |
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A classic story that is always experienced by all traders, especially for beginners. I've felt it too. one conclusion that I get always keeps the estimate and doesn't panic too quickly. it means that fluctuations in the price of a token/coin are normal.
Inside this market where volatility is really huge, you need to carefully assess every move that you'll going to take. It will lead you to lessen the chance of losing your money, panicking when the market is falling most of the time ends up regretting your actions. The chance of recovering back is very high, instead of rushing things out add some patience and wait for some time, observe and decide when you really see where the market is proceeding. |
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When you are new in trading, you will certainly get nervous and start getting in a hurry when the market goes against you, you can overcome such behavior if oh have been trained either by tutor or self experience, this in turn can help you go through all kind of stress and confidence when trading, truly, trading does not require you to be in a hurry as this will only cause
Patience always needs to be inside you when you are dealing to this business, rushing everything without concrete knowledge will only leads you to a disasters, a lots of traders lose their investment because of this uncontrolled emotions, You have to be precise with your position and not just be easy to move whenever the market turns against you. Experienced and more practice will established you from avoiding this mistake over and over. |
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