Indeed. We can't really force people to buy bitcoin if they aren't really interested to it, that is why we should focus on what are we doing to earn cryptocurrencies and just ignore them because it will not benefit us. I also think we should thank to the person who created bitcoin because it is one of the reason why i resolve my financial problems in life.
Yes they are the ones creating their own life too, so if they don't want to believe in everything what we are saying or after they did research then we cannot force them instead let's understand, maybe they also found something more useful and more worth to invest rather than Bitcoin, so we cannot force and we don't need to get mad to them. As always, humanity will be divided into three groups of people who either thank the creator of Bitcoin and are grateful to bitcoin for the opportunity to become financially independent, or will always speak negatively about cryptocurrency, because they lost quite large amounts of money due to their incompetence, ignorance and lack of experience . And also to the third group of people who do not understand anything in cryptocurrency and do not even try to understand what it is, and adhere to the same opinion as their governments, fully perceiving only the information that their governments provide them. Based on this, I can judge all statements about cryptocurrency only based on the competence of these people. |
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At least for today I can’t completely explain the values of Bitcoin in the cryptocurrency market, because I understand that there are other cryptocurrencies that can surpass Bitcoin in technical specifications, but nevertheless Bitcoin is a pioneer among all cryptocurrencies and enjoys great trust among many users cryptocurrencies, as evidenced by the high capitalization of this coin and a fairly high price on the cryptocurrency market. In addition, active forecasts about high Bitcoin prices in the future also contribute to the popularity of Bitcoin among investors, attracting more new people to the cryptocurrency market.
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Already try a lot of this in the past years invested in the cloud mining and hoping to get a big profit in this in the past years, I did my research about this and it was not really profitable it was not a scam but there are a lot of websites that make this kind of method a scam and that why this things already have a bad image in the community. Also, there are also a lot of sites that you could easily get a profit may be up to 3 weeks they are going to circular the money from the investors and then just going to disappear.
To date, the price of Bitcoin is really in the level that Bitcoin miners can really earn very good money, while taking into account the payment of bills for electricity spent. In addition, given the fact that you will not be engaged in cloud mining, but will make investments in your own bitcoin mining mine, then your income will increase several times. Due to the great popularity of cryptocurrency among cloud mining companies, there are a lot of scammers. Well, if we talk about the prospects of Bitcoin in the future, we must first take into account the fact that the cryptocurrency market is just beginning to develop, and Bitcoin today is primarily of interest to investors because of its volatility, and not as a means of payment or as an investment for the long term . |
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The fact is that today the cryptocurrency market is just beginning to develop and therefore it is necessary to go a long way to the time when Bitcoin will be a valuable asset that will be used not only for profitable investments, but also as a means of payment. But until that time, Bitcoin should show great interest in the community, and this problem will be solved through the use of Bitcoin in big business, as well as with the legalization of cryptocurrency in countries. It is after this that ordinary people will trust cryptocurrency more.
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Who said that long term is safe? There's not assurance or guarantee that holding in long term is safe, so we should not tell this to people, we should just trade and risk at our own, there's a lot of altcoins out there who are not worth holding at long term because they are just good at first year,but once they are already satisfied with their money raised, they will forget about the price.
You are really right, because any activity in the cryptocurrency market carries a certain risk and this risk increases due to the situation on the market. In my understanding, very often I compare short-term investments with long-term trading, which is why I think that trading and short-term investments have a better chance of winning, because you practically constantly control your assets in order to find out on time based on the current situation in the cryptocurrency market. A long-term investment requires a very large hug from the outset in order to determine a profitable project and promising coins in the future, in order to orient in time and sell your coins in order to get a good income. But since the situation on the cryptocurrency market is very bad, therefore some coins become irrelevant and over time the portfolio can become very cheaper. |
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I am also a trader and I am trading at BitForex, but Okex is good too as well as Binance, but i've been comfortable trading at BitForex, it's also friendly use just like Binance and Okex and I can see that they will compete in the crypto exchange market these coming years, anyway, happy trading to everyone.
I have always used the coinmarketcap rating to select the best exchanges for trading that have large trading volumes of exactly the coins that I own. Nevertheless, you need to constantly monitor the operation of the exchange, because at some point problems may arise, such as the situation with Bitrex. Of course, today I completely switched to trading on Binance, but nevertheless I use even little significant exchanges to trade not very famous coins that I have in my portfolio. If we talk about the Okex exchange, then in some respects this resource surpasses some of the famous exchanges. Moreover, in cryptocurrency exchanges this cryptocurrency exchange is in the top twenty. The only thing I didn’t like was the poor ability to translate into Russian, as well as banners in Chinese, because very interesting and useful information pops up, but learning about it no longer provides an opportunity. This primarily concerns the video on futures trading, which is shown at the entrance to the site, but in an inaccessible language. In addition, you must pass KYC for trouble-free work of the trader. |
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Trading without loss is impossible in the cryptocurrency because the market situation cannot be the same every time and even an experienced trader will face the loss situation. So whenever we make a profit we need to keep some percentage of profits aside and it will help us to buy whenever we experience any loss.
I have already made sure that constantly getting good results from trading is very difficult and almost impossible, especially if you are not a professional. But in spite of everything, I try to use the same amount of my assets for trade and nothing more, because you can play too much and lose everything. Everything happens almost like in a game of chance, when you want to get more, but you get less. Maybe I misunderstand cryptocurrency trading, so I have not good results, because I like the process itself. |
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In current scenario it is hard to predict the crypto market, most of altcoins are either dead or have little movement, so I do not recommend to do day trading in crypto. If you are interested in day trading I would recommend you to go to forex market.
Below are few tips to do day trading in forex.
1. Always trade in the direction of bigger TF.
2. Chose an entry point on lower TF.
3. Always trade with SL and TP.
4. Do not risk more than 2.5% amount of total capital in a single trade.
Follow above rules and practice on small account, success will follow you for sure.
Of course, I have no experience trading forex, but my friends tell me that this market provides good income only for selected people. I cannot say how true this is, but I tend to trust my people. It seems to me that in the case of the cryptocurrency, trading on the cryptocurrency market gives you more chances to make a profit thanks to your experience and knowledge, and in this case you really need to choose the right coins for trading. Indeed, a lot of altcoin today do not show any results, but if we talk about day trading, then even a small percentage of price fluctuations over an hour matters. |
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The government has always wanted to control the income of its citizens and receive interest on the profits of each person. That is why there appeared the possibility of cashless payments in different areas of human activity, while advertising the improvement of services for each person, but at the same time using bank reports to control each person. Thus, the state understands how large the volumes of the financial turnover of the cryptocurrency market are and therefore they want to purchase another article for the taxation of their citizens. At the same time, they do not want to legalize cryptocurrencies, but nonetheless try to tax each user of cryptocurrencies, possibly even hiding behind the fight against crime financing or laundering money obtained by criminal means.
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That could be another possibility of launching a legitimate digital version of the US Dollar. While the US government is quite skeptical about crypto and Blockchain technology, it could change its stance in the future as it sees other countries launching their own digital Fiat currencies. China has already announced that it will be doing this, so I'd bet the United States will work on its own digital currency for the world to stay in power. Otherwise, it'll be left behind as China becomes the most largest economy in the world. I believe that a digital version of the US Dollar would live in a privately-owned Blockchain, than a public one since this way the government would be able to do as it sees fit. Maybe they'll end up adopting Ripple's XRP Ledger for this purpose, or they will allow Facebook's Libra to become the next digital dollar for the world. Nonetheless, with the emergence of stablecoins and Facebook's announcement of Libra, the US government will have no choice but to join the Blockchain industry in its entirety. It could take a couple of years from now before we'll be able to experience a digital version of the US Dollar, but we'll get there sooner or later. What matters is that Bitcoin will be a part of our daily lives either directly or indirectly. After all, Blockchain technology is a real game changer when it comes to mainstream finance. Just my thoughts  If the United States creates its own national cryptocurrency, then it may not be able to be a stable coin, unless of course it is supported by the dollar. At least in the cryptocurrency market, there is already Tether, where USDT practical is the digital equivalent of the dollar. In addition, if we take into account the G8 cryptocurrency report, it was about stable cryptocurrencies that were positive statements that do not pose a threat to people and the state’s economy. |
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Perhaps all the leading countries of the world, including France, Germany and the United States, express their dissatisfaction and the final desire to ban the implementation of the Libra project. I am sure that this project will never be realized. In addition, we must take into account the fact that in 2018 almost 90 million users leaked personal data on Facebook, and in November 2019, the Facebook administration recognized another leak of user personal data due to the fact that Facebook allowed access more than 100 applications to the personal data of users. And now we are starting to talk about the Libra project as something grandiose. Personally, I will beware of this project anyway.
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I think that all of Asia is actively using cryptocurrency to one degree or another. At least the residents of this region are very interested in the cryptocurrency market. Of course, their governments do not always support the desires of their people, but nevertheless, except Japan, the Philippines and South Korea, even China and North Korea also belong to those countries that are interested in cryptocurrency. Although their interest is very different from each other. Despite the fact that, for example, China and India very often speak negatively about the cryptocurrency, they do it because they want to control this market and financial turnover and therefore want to have their own national cryptocurrency in order to profit from the cryptocurrency market themselves. For example, North Korea also plans to use cryptocurrency, but only in order to circumvent US sanctions.
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Its possible BTC is breaking out of negative trends in place since July, so the answer might finally be yes. If you ask me right this second then I'm looking at some profit taking occuring. Price did not manage to cross 50 day average and is below 50 week average, if it crosses both those then its more bullish. Indicating it might leave the negative trend and actually doing so with proper confirmation is another matter, it can take day weeks even months to finally prove its metal and we cannot be sure but I at least try to be aware of possible moves. Thats 1st a brief snap, positive look. Not that long after I look and see its hit its head on a low mine shaft  seems we dip below 7450 the horizontal line there, thats more bearish looking. Might be a longer wait for the larger move, today people sell some for profits feels like to me. We waver on still. Your words are really in my opinion very correct. Of course, Bitcoin has been showing a downward trend for quite a long time, as many experts have talked about and predicted. Some cryptocurrency users are comparing the current state of affairs in the cryptocurrency market with the end of 2018, and if we continue the analogy, then the next 2020 should be similar to the beginning of 2019. Perhaps today is really a very good opportunity for those who decide to make investments at current prices. |
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They would surely lose something if they wouldn't be able to wait for the best time to sell. Short term investment wouldn't work well for now. There are coins that include Bitcoin which are good for a long term investment. Speculations might ruin our decisions so we might as well learn how to deal with the market.
Of course, short-term investments are very profitable for generating income in an active cryptocurrency market, when the entire cryptocurrency has good volatility and constantly fluctuates in price. Under such conditions, even daily trading can show very good trading. But People already took advantage of short-term investments in 2016 and 2017, when they bought tokens of new projects during preliminary sales, with 50 percent bonuses, and immediately after listing they sold these tokens three or four times more expensive. Of course, this very negatively affected the entire cryptocurrency market, and not just the projects themselves. Those who have made investments for the long term are still waiting for their profits. |
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Long term investment is not recommendation for investing with bitcoin, but I think you can invest with bitcoin with short term way where you looking for chance with bitcoin have lower price and selling after higher price, don't waste many time with holding bitcoin because not worth again after many company and country want to make drama and banned using bitcoin.
One way or another, if someone invests in Bitcoin for the short term, so that if the price rises immediately to get real profit, then he will still have to wait a certain time to be able to make a profit, and none of the ordinary cryptocurrency users risks big capital for investments in cryptocurrency in order to quickly get a good result, because the market is unpredictable. That is why everyone expects when Bitcoin will rise in price by at least a third. If today we have $ 7,000, then the best investment is for a period until Bitcoin rises to $ 10,000. |
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maybe, for now, it's better if you trade in short term style. considering the current moment is rather worrying if for the long term. I personally prefer the short term. well, although not make a profit too big. But a small profit it's better I guess than the capital is not safe because of a dump.
Today, in the long term, it is beneficial to leave your assets only to investors. Recently, long-term trading is not very successful, as is day trading. There are certain nuances associated with the current state of the cryptocurrency market, because you have to use a stop loss, or constantly monitor cryptocurrency prices, because you can lose at any time. |
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I believe that more users and cryptocurrencies pay more attention to the Genesis block due to the fact that this may be the only possible chance to identify satoshi nakamoto. The fact is that users are constantly sending donations to the Genesis block address. Initially, the second block of Bitcoin consisted of 50 coins, but today the number has increased.
There are people who believe that Satoshi saved the keys to the zero and other subsequent blocks, and if someone signs the transaction with these keys, then Satoshi Nakamoto will appear in sight.
I don’t want to pay attention to the Genesis block through the prism of religious considerations, because this block acts practically as a block of “Being”, the first block of the creator, because the following blocks were created after 6 days. Everything happens almost like a consciousness of the world.
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I don't think we need to find it hard and get to know how to stop scalability cause crypto has been built with that scheme already. But wondering if this could help to understand how it goes https://coinrivet.com/how-blockchain-and-cryptocurrency-can-address-scalability-issues/And I see that there is no solution for this cause as we are in a decentralized market everything has often to change. The transaction can be fast or low depending on the block size which makes people never think how it was work and say negative when they experience a delay confirmation. Nevertheless, the scalability of Bitcoin is much lower than for example Ethereum. I have to agree with this anyway. Of course, the transaction speed for this period greatly affects the demand for Bitcoin among large companies that could become potential investors. But as for a certain user who commits transactions and receives a delay, then Anyone who wants to carry out an operation faster solves this problem by increasing the amount of payment of the price of the commission. |
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In any case, if there is already some kind of problem with the cryptocurrency exchange, then it is better to look for an alternative. The fact is that a person is probably lucky if he did not make deposits to his trading exchange account before he tried to provide his passport data and did not receive approval. The situation is very difficult when no one will fertilize citizenship or any document while having assets. I had such a situation when I could not register on a certain exchange, due to the lack of my country in the list of available countries. But I already have coins that can only be traded on this exchange. So far, my situation is like a vicious circle. But the author of this topic has a way out using other trading exchanges with a high rating.
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Judging because it is happening on the cryptocurrency market, I assume that many traders refuse daily trading in the volumes with which they worked in past years. The situation is really unpredictable and therefore the risks are increasing. Several of my friends generally transferred their assets to more stable cryptocurrencies in order to protect themselves from losses.
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