I think if you've got an idea to convert any BTC to Gold, it's no problem. This means you want to sell your assets and make sure that in a single investment you don't foresee anything. It's usual and it's your own money, so it's all up to you. But I have to criticise people who said there is no good future for Bitcoin investment. They're not sure, but why they're here
That is the cryptocurrency community in a nutshell. Most of the people here are past haters of bitcoin or other cryptocurrency. They used to it because of the volatility and the manipulation within the market but look at them now, they are slowly putting their money into cryptocurrencies because of the profits that they got from their experiences of investing. |
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The advent of Bitcoin's blockchain technology has opened up a world of possibilities that were never imagined. People can finally achieve financial freedom by being their own bank anytime, anywhere. In 2017, there was the ICO boom where crypto land was filled with hype with many companies launching their own business ventures. Everything has been about smart contracts, on-chain privacy, and Blockchain-based gaming. But ever since prices started to decline back in 2018, there has been a lost of interest into crypto and Blockchain tech from people in the mainstream world. It's now 2020, where many exciting events are yet to come. Bitcoin will experience another reduction in its block reward (halving), while Ethereum becomes closer to adopting PoS into its blockchain network. The space is definitely maturing, but the level of demand is still a lot less than it was back in 2017. Nonetheless, I'm curious to know what's the next big thing in crypto?  One of the things to look forward in this year is the adoption or the user of cryptocurrencies in other industries. Many hotels and casinos have already follow this trend. Hopefully, other establishments will soon open this service. If personally look forward to other technologies and innovations that will rise because of blockchain tech. For sure, the adoption from different industries is now happening and I know that all of us are happy to see this because all of the doubts and skeptical people from the past are now turning into a cryptocurrency enthusiast, they are now aware and educated about the advantages of cryptocurrency and I hope for the next few years, all of the countries have adopted cryptocurrency. |
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airdrop, gambling if I'm getting a lot from there I tried staking on a coin that is still "speculation" the purpose of speculation here is not having any exchange (very risky and a little careless). but if this coin is successful I might be able to get instant profits.
Do not try staking when there is no exchange available for the coin that you are trying to get into. Staking is great because of the passive income that it will provide to you by just holding it in a wallet but a coin to stake without any reasonable fundamentals to hold or even buy in the first place is simply wasting your money for a garbage. |
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Right now the market is slowly raising the bar and it would be awesome if such a positive trend continues. Everything increases on a green market and it does not matter how good TA looks. Lets just hope that bulls have arrived.
The bulls are already here and they are now beating all the bears in the market. The prices of almost all of the cryptocurrencies are now moving up and it is a great news for people who bought at the high prices and still hold because they are now on the mode of recovering. Patience is the name of game when it comes to investing and if you do not have patience, you will lose the chance to get the big time opportunity like this. |
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I think that it is not possible to mine through cellphone because the cellphone doesn't have enough power to solve algorithms from the blockchain. If you are serious and if you want to mine and experience a passive income then you should invest in the mining rigs or build it by your own by buying graphics or video card to save a little bit of money.
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That means that type of coin is manipulated by the bots. It can happen to small exchanges because when they manipulate the price, it is not that obvious since there is no much traffic in that exchange. The solution to this is to check everything first if everything seems legit and that is when you are going to buy or do trading. Do not get greedy over the high prices.
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We must study economics at University because it is one of the first step to really understand how the economy works and what are the things that we could do in order to get ahead of other people. Economics will teach a lot of things to us and it would be really worth it for our time to spend on. If you do not have money to spend for a tuition, you can try to surf the internet to gather some scattered information around.
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Maybe I wouldn't use the expression.that is not good as a currency but there are certainly some obstacles that affect its performance as currency
Some of them are volatility, limited number of coins and lack of regulation and legal background.
But Bitcoin and other cryptocurrencies are still developing and in the future some better solution might be found.
We only need a good regulation from the government so the people will acknowledge the cryptocurrencies as a good option for them, either as a payment gateway or as an investment option. Cryptocurrency is not that bad because of the volatility and lack of supply, it is a blessing in disguise because you can earn fast with volatility and short supply when the demand increases a lot. |
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People were bored with the current socio-economic order. They are constantly forced to consume. Bitcoin can destroy this scheme. Of course it won't be easy. Maybe it won't build a better system, but things will change. Bitcoin offers a more transparent and accessible world.
You can say that again! Bitcoin is a tool that is changing the world right now, and we can agree that we need changes. We know that we just need others to realize that too. People are not just bored, many are oppressed by this ruthless orders we have in many parts of the world. Bitcoin, together with other decentralized projects, can make changes for the better tomorrow. We need real projects that will showcase the power of decentralization to the different people from the world. We cannot just always shout that bitcoin, blockchain or decentralization will change the world. We should show it to the people so they can see and believe to us that there is something behind blockchain and that is a bright future if it is going to be utilized well. |
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If you are simply investing in cryptocurrency for the medium or long term, you can check asset prices and the state of your investment portfolio every few days. I don't see any problem with that. But if you want to combine day trading with normal offline work, you will not succeed, because day trading involves being at the computer for several hours a day.
I agree with that. Day trading is not for the people who have a regular job because it is so risky since you are betting a big capital for quick bucks in a day. In just a few minutes of being inactive from the market, you can lose a lot of money. Better focus on long term investing which will give you decent profit with lower risk and less effort required. |
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In 2017, buying a house or car through crypto profits wasnt a big deal. Many people got rich through the parabolic price growth. Many small cap coins did even 100x in just few weeks. So the profits came out to be humongous way more than the principal invested.
So that wasn't the case to laugh at.
Regarding big risk big profits. The intensity of those big profits has reduced significantly with the similar risk now. Profit percentage has decreased but the risk involved is still same.
Definitely. The risk is still the same but the rewards has been decreased dramatically. It is not worth it anymore to be an aggressive type of cryptocurrency user right now because the market has been mature enough to punish you hard. It is wiser to just risk up to 30% of our overall portfolio and keep the 70% away from cryptocurrency since it is a high risk, lower reward. |
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People just often invest on shitcoins because they see it rising without further studying nor researching anything about the coin they are investing. Though the volume of a coin's traders do affect its price, there are still just clumsy investors who just being blinded by the incresing price.
That is a sign that the trader is a newbie because he don't have anything to rely on aside from the price increase. A true trader should not become greedy because of the hype of a certain coin, he should have setups for his trades if he will be going to enter or wait for the price to retrace so he can safely ride the hype train. |
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I stop for expectation in 2020 with bitcoin growing to higher price because when bitcoin can't raise with higher price maybe most disappointed and make us not really have new hope again, I want keep hold my bitcoin assets until price back with higher price although waiting more than two years, if bitcoin keep stable with higher price is my destination and goal waiting for bitcoin price.
that means you still have high expectations, because with you keep holding then at the same time you believe if the price will rise high again whenever it is. but if you look at the current prices that continue to be pumped, then at least your expectations of being able to sell at high prices like 2 years ago will soon be reached as long as we still hold bitcoin it means you still have hope or expectations. I have high expectations because this year there will be halving. of course I hope history can repeat it and make the highest price record. The price of bitcoin will not pump that fast even after halving because if you will look at the chart or the price history of bitcoin, the price of bitcoin pumps after a year of the halving event. I expect the same thing with the price of bitcoin, after halving there will be a few fluctuations and a lot of accumulation and then the price will shoot up in 2021 to 2022. |
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Actually reading the news about that coin is gonna help you to decide whether you gonna hold it or sell it. Reading or watching news will for surely gonna help you out. Also, analyzing the market trend is gonna be a big factor. Try to study the market trend also for you to be able to understand the movement of the coin that you are holding.
In my opinion, it is unnecessary to look for the news if you are going to do long term holding because the news now will not dictate the future value of a cryptocurrency because it is just a temporary noise. Looking at the technical data from the chart is more helpful because like you said, you will be seeing the current trend and you will have an idea if it is still good to enter the market. |
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It depends if I am looking for an altcoin to trade or to hold for long term. If I am looking for an altcoin to trade then I will be looking at the price, if the price is good to trade, if there is enough fluctuations for me to become profitable. If I am looking for an altcoin to invest for long term then I would be looking at the quality because the price doesn't matter to me if the quality of an altcoin is solid and if it has a lot of potential.
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I don't think that we are going to witness the banking industries to disappear because they are now moving and taking action to not get left behind from this cryptocurrency revolution. They are slowly creating their own blockchain and digital currencies to supply the demand of the people from the internet. Even though they are not going to say goodbye, it is still a good news for the cryptocurrency because if they launch their own blockchain and cryptocurrency then it will provide a positive impact to overall market.
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I don't think so, at some point those who take big risks can also make big money, but there are also small traders who have been lucky enough to hit big time even with a small amount of investment. I really don't think it's more about how much you've invested in something, I suppose it's more about the process of turning things around regardless of whether you're spending big or small. In crypto you can risk small and make big money
That is great because most of the traders or investors are having some difficulties in making their money grow even with big capital because of the volatility and unpredictable flow of market. I think that is a rare case and he is a already an experienced trader or investor because nowadays, the returns are lower than before because the market is now more mature. |
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cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.
i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too. The market that accepts bitcoin online are so small and for most of the online shop owners doesn't want to accept bitcoin because it doesn't make sense for them because of the fees and transaction time that it would take to just get the payment. We are still not prepared to use most of the real cryptocurrencies online. |
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There are also people in the hype and people in the market prices who are emotional. The whale or pump and dump community can easily manipulate this kind of people and in return they will simply lose their money. It's the same for new bounty hunters as we see them getting scammed by dishonest bounty managers or ICOs where they're only going to waste their time and energy.
I agree with that. People are greedy and they are clueless on how cruel the manipulators are, they tend to think that they know everything about the opportunities in cryptocurrency but they do not have an idea on they should avoid the scams and manipulators. If they don't want to waste their time and energy, then they need to learn how to analyze an opportunity to see if it is a good deal or not. |
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Cryptocurrency crimes are one of the main causes of delay in the mass adoption of cryptocurrency. Imagine educating someone on crypto and then robbing the guy, either by sending assets to the wrong address, hackers, or by investing in dubious crypto-startups. However, in the future sooner or later this will be solved and crypto will become massively adopted.
It is normal to see crimes in any type of currency because to be honest, fiat is the most involved in any crimes because that is where the most transaction takes place. The action that we should do is to educate other people, mostly skeptical, that cryptocurrency is better than that. There is a lot of potential behind cryptocurrency rather than just a tool for crimes. |
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