261
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Economy / Speculation / Re: BTC break 21000 usd, great!
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on: December 17, 2020, 04:03:13 PM
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This is very difficult to ascertain now since this seems to be the beginning of the bull run that we have been waiting for complete 3 years. Nevertheless, this volatility in the crypto market demands extreme caution.
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262
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Bitcoin / Bitcoin Discussion / Re: Becareful at this BITCOIN price point
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on: December 17, 2020, 03:59:45 PM
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This sound like a good warning, I remember during the hype in the year 2017 that I bought at 17k, I waited for nearly 3 years before getting anything out of it, although I am a newbie then, just jump into the HYPE. My case now is once beating, twice shine, I am more than careful and always stick with the trend of chart movement.
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267
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Bitcoin / Bitcoin Discussion / Re: Can Bitcoin ever be use as other country currency
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on: December 16, 2020, 05:10:29 AM
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That will be too early to decide now when the Government is bringing a lot of regulation across the crypto space. Using it as a currency means that there will be no more power to print Fiat at will, no central control and everybody will be in the custody of their finances. No frozen of an account by court rule and everybody will just be in financial freedom. That is how it suppose to be, but those who are power greedy will NEVER allow that to see the break of the day
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268
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is this even normal?
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on: December 15, 2020, 11:57:08 PM
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Closing down the group after the end of the bounty is a red flag. Most often, bounty managers do that to update stakes and get the allocation round, this is often communicated to participants via the bounty group which has been closed down. I think nobody should be expecting anything positive from this kind of situation.
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275
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Alternate cryptocurrencies / Altcoin Discussion / Re: Questions about buying, holding, staking altcoins
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on: December 13, 2020, 05:42:07 AM
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Even though Binance was hacked, no user lost an asset, which means it is insured and makes it to be respectable. I think you should worry less with your coins in Binance as a newbie. The best way is to have them privately under your custody, this one translated to that each of those wallets has a private key that gives ONLY you access at any time and MUST not be shared with anybody, there is a popular saying in crypto space, not your key, not your coins. You can store those private keys offline or choose a hardware wallet which is most secure. Another alternative is to download a wallet, this time you can check the one that supports staking since that is your goal here, Atomic Wallet support staking but I cannot clarify that of Trust Wallet.
As per sending, if you are attentive, you can not send to the wrong address as all of them have some code that begins with the address. For example, BNB start with bnb..... Elrond start with erd..., during sending, you have to confirm the receiving address which gives you a second chance to verify the address and some blockchain like bnb will not allow your transaction to occur if certain requirement are not meant like sending to an address that does not begins with bnb, leaving memo empty when it is required and so on. Transaction in blockchain space is just as the same as that of the bank, if you send to wrong bank address, the transaction will occur with probability of reversal but in crypto, nothing like that, you are absolutely responsibly. That is why you must pay attention, not distracted and verify all your inputs before hitting that confirm button
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279
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Economy / Speculation / Re: New ATH then correction of 35%+
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on: December 10, 2020, 05:23:18 PM
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The correction is overdue and I will not be surprised if BTC retraced to the 14k region before taking off again and that is when the bull will start to run without looming back.
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280
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Bitcoin / Bitcoin Discussion / Re: BTC vs GOLD
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on: December 10, 2020, 05:18:33 PM
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This is all about investment strategies. How much has gold return in term of profit as compared to that of Bitcoin, portfolio managers know which one to choose and 2021 will be epic, not only Gold but the stock market will suffer for cryptocurrencies.
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