At the moment, sadly, it is making the rich, richer. This is not the fault of bitcoin however.
- The rich have their advantages, they have a large amount of money to invest, so they can become richer, it is a fair exchange but this is investment, they will also have their own risk, they can also lose money. And when they lose money, bitcoin will redistribute wealth, so I can say that bitcoin always offers both sides, that is to make the rich richer and redistribute wealth, and the ratio that the rich will get richer is higher because as I said, they give more and they get more, others still have the opportunity to be rich but depends very much on talent and luck |
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Although I do listen to some crypto influencers especially those I see on Youtube however I don’t necessarily follow them but I get ideas from them. Take action into my own terms, do some research and them that’s how I decide on what to do with my cryptocurrency witholdings.
Yup watching some experts strategies in youtube will help us to improve our skill set but if you follow the same strategy i promise it will never work. you just pick some info and make your own strategy. I personally not follow 3rd person strategy i do my own research before investing in any coin. - Of course, they will also have some useful knowledge and sharing, which is something we should learn from them but we should not completely trust and follow their advice because in this world, people always have mutual deceit to gain benefits, can not trust anyone, especially in the field of investment. The crypto influencers may be the ones that are hired by the whales and investors, they can entice us to fall into the trap, we should be wary of them, investment is the story of the individual, not of others |
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There is a lot of literature on the training of traders, I also advise you to look in YouTube, there are a lot of useful information there. Everything comes with experience and you need to start stuffing your bumps
- Yes, youtube is a place to store a lot of information and knowledge needed to start becoming a trader, everyone on youtube always share the knowledge can be said is very basic and suitable for a new trader, however, the amount of information is very diverse, each person will have explanations and share different, if not selectively, sometimes the new trader will have trouble understanding. Therefore, before searching on youtube and learn about trading, beginner should talk and ask for help from some acquaintances and know about trading, talking directly with them, we will understand more about trading, instead of learning without the instructor |
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Hey guys, why do you think people don’t believe in crypto? The potential of crypto is great. Moreover crypto is the currency of the future! Do you agree?
I agree with you but we can't deny the fact that most people nowadays are still clueless about the goodnesa and profit that this digital currency could give. Some people are just afraid to take the risk of releasing money for an investment because there are lots of frauds nowadays. - I do not think they do not know, they know but their thoughts on crypto have certain problems, knowledge and information they have is inaccurate, they only believe in the negative news surrounding the crypto that the media and tabloids bring, they never went deeper into reality once. In addition, as you say, scam seems to be something that crypto possesses too much, we can not deny the fact that too many people go into crypto, putting trust but in return, they receive fraudulent projects and they are deceived by others, from there spread to others and make others no longer believe in the crypto |
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I think it is because of is price since bitcoin really changes its price in just a short period of time and right now it is still at its low point. People are getting scared of it and thinks of it in a negative way. However, it could also be in a positive way because it gives us the lowest price as possible to buy some of it and hold until it inflates again though the possibility is not really sure, I still trust bitcoin.
- With bitcoin, the change in price is always a sudden death for all investors, it never has a value and a fixed tendency, sometimes it can rise sharply in the long run, sometimes it can be a red storm that lasts several month, that always leaves a lot of impression and causes fear to many people. In addition, there is no certainty for the future of bitcoin and no one can guarantee that investment in bitcoin will be safe, everything about bitcoin seems very vague, the number of scammers in bitcoin is also very large, too many factors make us worry when investing in bitcoin |
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Just think logically. Each coin develops according to its own scenario and therefore their growth charts do not coincide (but yes, sometimes they have correlation). If you buy a few coins, then your chances of making a profit would be increased significantly.
- The opportunity to make a profit is high but the profit will never be higher than investing in one altcoin, however, most people prefer safety, they will never invest all in 1 coin, investing all in one product is always a risky option and depends on luck. But sometimes, I still always see some people have this option, all for one, they have the courage and accept the loss, it seems dangerous to them just a joke, many people may think they are crazy, but if they succeed, their madness is worth |
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You need to have a self-control of borrowing money. First of all, if your salary is not good enough to pay all of your debt just pay half of it. Discipline your self not to buy the things you do not need, don't eat to the expensive restaurant, in this way you can save money to pay all of your debt and when you finish to pay all of it and you need a money just borrow a small amount so that you can pay it easily.
You should make a list of the debts you have so that you can track them. From that list you set yourself a goal that in a year you will write off how much debt. Setting goals is important and remember that you have to be self-centered for the pursuit of accomplishment. So, you soon escape debt scene. Aside from listing the debts you should also list the flow of your cash in and cash out because that will give you a overall view where you money is coming from and where the most of your money goes so you will be able to adjust and save a few of those money to be settled for paying debts so you debts will be smaller and smaller. - And we need to focus on big debts with high interest rates, settle this debt quickly is the best way for us to get out of debt early, if we do not have enough money to settle immediately, we should try to borrow friends because they are the ones who can lend us the money and the interest rate is 0%. However, do not be subjective about this, pay them the fastest when we can, we should not let prestige and affection between the two have rift, the fastest way is to create an additional source of income by doing more part-time jobs after completing a full time job. |
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hold if you bought it on an alltime high and sell if you will earn profit from selling it. never ever sell if you will end up in a very big loss.
- I understand what you say, this can be a safe way to help us not get the loss but it also has the disadvantage, that is our money will be frozen for a while waiting because we are always focused on hold and if the market keeps going down like in recent times, we are forced to sit out of the game, time to get back to the game is very long, we will miss the other opportunity. I and many people here will not have enough patience for this problem, I like to sell and then buy at lower prices, maybe we will have the loss in the early stages but things will soon recover and be profitable. |
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Unfortunately bitcoin fell below $ 6,000. Many investors are disappointed in crypto currency. I too, was greatly embarrassed. But I believe that the market will go up.
- The frustration and shock are what investors are facing, I see a lot of people are moaning on forums and facebook groups, they panic when they see the price of bitcoin and never want to look at their properties on the exchange, most lose more than 50%. I was also the victim of this collapse, and now I see the market is looking forward to lower prices, that could be $5000, even $3000, boredom is spreading to more people, many people have similar hopes to you but over time, they just want to give up everything |
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yes of course now is the best time to buy bitcoin because the bitcoin price is currently low and you have a chance to buy cheaply then hold it and wait for bitcoin prices will surely go up again
- Sorry, I have heard too much about the best time to buy Bitcoin start from 7000 dollars until now and you need to see what's going on, you should look at reality, the price of bitcoin constantly breaks down the walls, the red is still brilliant in the market. If people believe what you say and bitcoin does not increase again, do you accept compensation for their loss or you will forget and say I do not know, the best is that you do not encourage anyone to do anything in this bad situation, waiting and observing the recovery signal is the best |
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Of course, growth is bound to be. It is only necessary to restore people's trust in cryptocurrencies.
The market will certainly grow, but I think that before that there will be another drawdown. The trust of those people who fled will return as soon as the market gradually starts to grow. - We are still too early to talk about development and return, the current market does not provide any signal or information needed, the bleeding is still going on, many people have really given up the game, they are not excited to start again. There is no certainty about the future, and if this crisis period does not end soon, I believe the market will die, the return will be meaningless, nothing is impossible, there are no rules that force the market to rise again, so now all is up to the big investors, they are the ones who can help the market through this stage |
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That would be great, but I hope this will happen sooner rather than later. Some shops in different countries are already accepting cryptocurrency but of course, this is only the beginning. I think we all look forward to this.
- Agree that everything will be very interesting when we can use cryptocurrency to pay in shops but we should remember that when that situation comes, the market will go into a stable state, and an investor, we can not make money. A market where only peace, not too much fluctuation, it is not an ideal market, market capitalization will drop to a record low and everyone will leave, I will not be happy because of that, what I build will collapse, the opportunity to make money also disappear, unemployment and meaningless life will return |
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Because market of crypto can not be predicted.
No ones knows flthe future of it, and we all have seen the journey of the market since the last pf 2017 till thr middle of 2018, it run fast.
And the wave was so far, the market is getting crazy day by day.
No wonder if mny people afraid of investing in crypto.
- That is also a reason but not everything, when investing, people always know crypto is unpredictable and without a concrete future but people accept it, only a few do not want participate, they are not afraid of this problem too much, I think what they are afraid are the scam and its legitimacy. The number of scams in the field is a very worrying figure, warning although it has a lot but the scammers are too professional, they broke all, as noted, there is no legal basis, the government does not help this problem, money is lost forever and there is no return |
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Every commodities always have high volatile in their price. Bitcoin right now like commodities and its like a gold or silver. Its store of value and i think it can be used as currency as long merchant accepting bitcoin and government issuing regulation on it
This volatility will end one day because we believe that bitcoin will be the future currency in the world and the whole people will use only bitcoin as their regular currency. Then nobody will think of the price of bitcoin in any other currency of the world. All this is for the time being and you are right that with this volatility no crypto is usable in markets. The cryptocurrency market is flourishing and has a bright future ahead. The trading volume of prominent cryptocurrency is really high and is gradually increasing. It won’t come as a surprise if one day one of the cryptocurrencies turns out to be a global currency and be widely used for business. - I do not think it has a bright future, the current situation does not seem to fit with what you say, the crypto market is experiencing a major storm and the whole market almost plummeted to deep bottom, the signal of recovery is very flickering and unstable. So if one day there is a cryptocurrency become legalized and widely used, I really do not have the courage to use, I was so scared when I woke up in the morning, what I saw was a long red pillar showing on the graph of the market, the range of volatility is too large, can not use as money |
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now this market is indeed red but we also have to have calculations in the purchase. not a guide when red we can buy without having a clear and definite basis so all that should be considered
- Agreed, the red market could be a sign for the storm and there is also a chance for us to buy but it could also be false signs when the whales always manipulate and control everything, they create false signals to make us buy at high prices, then they make us panic selling to cut losses and they make money from us. So when the red market, we need to clearly analyze the market situation and wait for more signals, should not rush to buy, patience is always a factor in determining our profitability |
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where did you find this news?
if it really hit 50,000. then the demand must over supply, then it means many more people play bitcoin than now.
in order to encourage people to enter bitcoin market, media needs to release good news, like bitcoin will hit $50,000
like a fake news, if you say it thousand times, it will become real.
The price of bitcoin will reach to that price for sure. But we should be patient in waiting for that time when bitcoin will hit that. A lot of bad news are all around bitcoin and that is one of the reason why the people are panicking more and if you are a wise investor or bitcoin user then you will take advantage of that and you will buy more bitcoin for sure and hold it and wait for the a big good news to come and push the price to go up to $50,000. - I do not think so, the opportunity to reach 50000 dollars is very low when the bitcoin is not capable and the supporting elements help it, we can look at the pump not long ago, it needs too much capital of the market and the good news, then a long time to accumulate but it only reaches nearly 20000 dollars. And from that, we can imagine the road to $ 50000 of bitcoin, it is too far away and it has too many obstacles to overcome, especially the government, if the price of Bitcoin wants to rise too high, they will probably find ways to prevent it |
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You cannot predict the coin price exactly, but you can in some way predict the trends thanks to some markers. First, the general market trend and the trend of bitcoin. Second, some news associated with the coin, for example holding conferences or arriving at exchanges. Third, the graphs. The fall of the rise doesn't occur immediately but rather step-by-step.
- Yeah, accurate prediction is just one thing that happens with whales, with normal traders, that is impossible, so what we can only determine is the trend of the coin based on the news and use of support tools for technical analysis then find a suitable price. And this can be true or false when the whale always manipulates the market, many people may feel silly and ask why we should waste time when all need luck, but we need to do this because it helps us to have the basis and the next path to go, instead of relying entirely on luck and emotion to go |
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I think in the presence of bitcoin will reduce unemployment, because searching for bitcoin also requires hard work and creativity, and competitiveness in bitcoin is also high almost similar to work in the real world
What is your opinion this time?
There are many jobs that are continuing to increase because of the bitcoin. The bitcoin proved that it can reduce the unemployment rate in our society. I believe that our economy will become more better because of bitcoin. - What you say also has many correct points when bitcoin brings a lot of work to everyone, the focus is on the students, they have free time to have more knowledge about Bitcoin and become a member of it. That reduces the unemployment rate for students but that's just a small number and no influence on society, the unemployed in society never have much time for internet and bitcoin, they need immediate work to make money, make money with Bitcoin is too troublesome, not everyone can be patient to do it, Bitcoin can not reduce the unemployment rate in society |
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If Ethereum wants to replace Bitcoin, then the effort must be put in to it now. Bitcoin is facing all sort of issues, like the scaling problem and forks. If Ethereum can't take advantage of it, then some other crypto-currency will do that in the future.
- Well, with eth, I really feel the chance to compete with bitcoin is not high because although ETH is also an intermediary in the market, it is still influential but it is only to a certain degree while Bitcoin is facing many bad news, but the influence is the entire market. This means that people are still focused on bitcoin, bitcoin is still the leader, ETH can just stand in the back, unless ETH has strong support from the market and has more breakthroughs than bitcoin, otherwise, it will have no chance against bitcoin |
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Just by buying, if I have $ 1 trillion I will use for bitcoin pump, we all know that marketcap about $ 175 billion and by buying then we will help bitcoin growing faster.
I agree with you, if all people here in crypto world will continue to buy bitcoin that means we can totally help bitcoin to grow really well in this world, and lastly by promoting bitcoin and other cryptocurrency all over the world is one of the best thing we can do to help bitcoin to grow. - But people here continue to buy bitcoin is not possible when the price of bitcoin becomes too expensive, many people no longer have enough money to buy, with some others, they felt the growing danger from Bitcoin, it also makes them do not want to risk and buy more bitcoin. This method is only effective on theory, the reality is too difficult, I still feel the idea is to advertise bitcoin for many people to know it will be more effective because the present, the evidence to make money from bitcoin is too much, convince people to invest would be easier |
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