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1081  Economy / Economics / Re: Can cryptocurrencies replace fiat currencies on: July 22, 2021, 04:30:52 PM
Cryptocurrency replacing fiat will certainly never happen. Governments and central banks will not allow that to happen. Cryptocurrencies will be the trend in the future and will exist alongside fiat. Cryptocurrencies give people more options in their payment methods or become another trusted place to invest and store assets.

Now we think replacing fiat with cash is impossible, but with the progress of the project continuing to improve I have no doubt that it could happen soon. Before that happens then we better focus on investing bitcoin.
1082  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: July 22, 2021, 04:27:18 PM
I have been a day trader but want to know if it’s a good idea to hold bitcoin for long, whether it will be more profitable?

I think trading is better and more profitable than investing, I emphasize that this is crypto, price increases can occur hundreds of percent so that we have more opportunities to develop money without waiting a long time.
1083  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 22, 2021, 04:23:40 PM
Bitcoin is now the biggest opportunity in society. Bitcoin has existed for more than ten years, and it has driven the development of blockchain digital currency. Due to the high price volatility and other characteristics of cryptocurrency, there is a lot of room for speculation. Now more people are researching and investing in cryptocurrency, and the accepted scope of cryptocurrency is also expanding, and it can be traded and circulated all over the world.
Cryptocurrency is the development trend of today and in the future, and the biggest investment opportunity will be cryptocurrency in the future.


The global influence of bitcoin is really felt to help the economy of many people, I'm sure if it was legalized by the state then bitcoin could be the best solution to prevent financial system crimes such as hacking, overcoming inflation, theft and so on,
1084  Economy / Economics / Re: The first rule of investing is saving on: July 20, 2021, 06:36:59 AM
Investing is common sense, make sure you already have enough money in the bank and take some percentage of that money to invest in crypto, make sure that amount is exactly how much you are willing to lose, if bad thing happens you won't be that hurt

Saving money in banks is not profitable, we only get 10 percent bank interest per year, saving banks are only for daily needs, to make our money increase then the best solution is investment, for me crypto is the first choice.
1085  Economy / Economics / Re: Crypto vs Fiat on: July 20, 2021, 06:25:14 AM
It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony.  Cry
The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

As long as inflation can be controlled, it is certainly not a problem, even inflation is needed to make production increase, we cannot expect the price of a pack of rice 10 years ago to be the same as today's price, and crypto is the best solution to control inflation.
1086  Economy / Economics / Re: Will the popularity of cryptocurrency continue? on: July 20, 2021, 06:19:15 AM
With the development of blockchain, cryptocurrency is a new economic trend. The issuance of fiat currency leads to inflation and depreciation. People will turn to cryptocurrency, become more interested in cryptocurrency and demand for it. Cryptocurrency is not restricted by the government and circulates all over the world. People see the potential of Bitcoin and know very well that they will profit from it, they will continue to invest and use it, and cryptocurrency will also be very popular.

I also believe that the future trend is to make cryptocurrencies an investment and transaction system, replacing complicated and high-cost banks, the presence of crypto makes it easy for anyone to fully handle without intermediaries.
1087  Bitcoin / Bitcoin Discussion / Re: I think Bitcoin is great as an asset and not as a Currency. on: July 19, 2021, 04:32:57 PM
Depends on who you are asking because there are some people that will say it's good for currency as well, I mean it has been used as one back when Laszlo bought 2 pizzas right? I think it's a bit of both because Satoshi's aim was to create a currency that will eliminate the middle man which is the banks.

The presence of bitcoin is a better thing than a bank transaction system, complex global transactions are easy to run with bitcoin, whereas if a bank is a bank it takes a large fee and takes a long time.
1088  Bitcoin / Bitcoin Discussion / Re: why more women to trade crypto? on: July 19, 2021, 04:30:25 PM
In the crypto market, there are indeed fewer women than men. I don't think it is necessary to care too much about this. Whoever is interested in cryptocurrency will take the initiative to pay attention to the market. This can only show that men are more interested in this aspect, but now I feel that some female players are slowly entering the encryption field, welcome to join.

Yes right, this is not important, anyone can trade crypto as long as they have crypto, the interesting thing about tradeing crypto is the opportunity to profit hundreds of percent in a day, this is impossible for us to get in forex trading, stocks, gold and so on so that it becomes an attraction for anyone, including women.
1089  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still the favorite choice on: July 19, 2021, 04:27:33 PM
Bitcoin has got the first mover advantage. There are many other good projects out there who are catering a whole new demand and offering solutions to it. Bitcoin is a store of value, ETH is good for smart contracts. Similarly, other coins have their own use cases.

The presence of bitcoin and cryptocurrencies has made a big change, the daily transaction volume of more than $ 100 billion makes many people profit, and of all the cryptocurrencies that exist, of course bitcoin is the first choice, this is because keeping bitcoin is always profitable.
1090  Bitcoin / Bitcoin Discussion / Re: What will you do if Bitcoin hits $1m in the future? on: July 19, 2021, 04:25:09 PM
Many people are talking about Bitcoin hitting $1 million USD in the future. Crypto enthusiasts are very optimistic, as they believe their dreams will come true with a Bitcoin halving taking place every 4 years. If Bitcoin hits such price levels, many early adopters will become millionaires. It could be tempting to either sell all of your Bitcoin or "hodl" it for the long term.

What will you do if Bitcoin hits $1m in the future? Will you sell all of your Bitcoin for cash? Or will you go long in the hopes of Bitcoin reaching higher prices on the market? Will you donate your profits to a charity? Just curious to know. Your input will be greatly appreciated. Thanks. Smiley

Yes this is what we expected, currently I have around 0.0294 btc with the current price around $950, of course if the bitcoin price is $1m then my money value is around $33500 and for me this is a big amount, with this money I will buy an Audi A6.
1091  Bitcoin / Bitcoin Discussion / Re: Never sell your Bitcoin? on: July 17, 2021, 02:25:25 PM
We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.

I think it's impossible for anyone who doesn't sell bitcoin, when they buy at $100 and then bitcoin costs $10,000 then I'm sure they will sell. although bitcoin is most profitable if we hold it for the long term but it is difficult to hold when we have profited hundreds of percent.
1092  Bitcoin / Bitcoin Discussion / Re: People still don't know about Bitcoin on: July 17, 2021, 02:20:41 PM
Bitcoin is a new currency. And there are many areas where internet is not available. So, without internet crypto currency is nothing. Because it is used only over the internet. In developed countries internet facility is available. So, there peoples know about this currency and trade in this currency. So, i think this is the reason.

May need the role of the state to provide easy internet access so that everyone can benefit from bitcoin. unfortunately bitcoin only works in the internet network and this is the biggest problem for development of bitcoin, many countries find it difficult to get internet.
1093  Bitcoin / Bitcoin Discussion / Re: What will you do if Bitcoin hits $1m in the future? on: July 17, 2021, 02:10:11 PM
I will regret why I have not putted all my bank fiat,land a, Gold and extra money into Bitcoin.
1 million is possible but Holding is so difficult. Market situation always differ. So no one can exactly know, what will happen tomorrow.

Seeing the facts that happened for 8 years I know bitcoin I believe the price of $ 1 million can be achieved in less than 10 years, this is what makes us always optimistic to buy and hold bitcoin, it's never too late in bitcoin investment, now is the right time to switch some assets to bitcoin so we don't regret it again.
1094  Bitcoin / Bitcoin Discussion / Re: Why some millionaires hate Bitcoin? on: July 17, 2021, 02:05:20 PM
Well, I believe the only reason why Billionaires and Millionaire would hate Bitcoin is a lack of foresight or inadequate know about how it works, take for instance Elon musk bought Bitcoin few months ago, what do you think his motive was of course to increase his income and it only came through for him because he has the foresight to predict his capability as well as the effect of him buying
So people saying that it is a scam or whatever, I think its due to inadequate knowledge about . There is no two ways about it.

True, most who hate bitcoin including millionaires because they do not know the right information about bitcoin. Moreover most of them always hear bitcoin is illegal and used for crime transactions such as money laundering, tax avoidance, terrorist transactions and so on.
1095  Alternate cryptocurrencies / Altcoin Discussion / Re: Number of altcoins keep increasing! on: July 15, 2021, 05:06:17 AM
Bitcoin has brought great benefits to investors, who saw the profitability of cryptocurrencies and created altcoins. But they will not affect Bitcoin's mainstream currency status in crypto currencies. The initial investment cost of altcoins is relatively low, and they can be doubled several times in a short period of time to obtain relatively high profits, which will inevitably bear higher risks. The purpose of creating altcoins is mostly to obtain money from investors, and there is no perfect technology to ensure its safety, so be careful to invest in altcoins.

I agree nothing is perfect, security is a sensitive thing, if you have time to find a source of money from a private key then now many sites or applications can process it, this is the biggest obstacle and challenge for crypto to get hacked, it is proven that many projects have changed contract address because they were hacked.
1096  Alternate cryptocurrencies / Altcoin Discussion / Re: Best 5 Altcoins to buy right now. My picks on: July 15, 2021, 05:02:43 AM
Of the five altcoins you mentioned, I prefer to store polkadot for a very long time, then next is Utrust, this ustrust platform is very good and very developed, it's just that the use of utrust tokens is still small so in my opinion polkadot is the main choice and the second is utrust.


I think so, I prefer to invest in cheap coins under $1, chances of going up 10x or more can be easily achieved in a short time, whereas high priced coins like Polkadot, possibility of going up 10x is very difficult.
1097  Alternate cryptocurrencies / Altcoin Discussion / Re: How crypto currency change your Life? on: July 15, 2021, 04:59:12 AM
The first time I entered the crypto market was when the epidemic was at home, and I started chatting with friends at home. At that time I had no job and no income. I slowly learned the blockchain by myself. I seem to see a new world, so I continue to understand and understand the blockchain. Then I entered the market and invested in ETH. it's great. Although I can't go out, I can still get income and achieve my small goals.
i am in cryptocurrency for 6 year. I have earned a lot of money from here but But I couldn't keep it till now. I went into leverage trade and lost all my money. So I could not change my life till now. It's my bad luck. Cry
.

There is still a chance to improve our life and this is a lesson for all of us, crypto especially trading is a very risky thing if we are not experts, we better switch it to other investments such as property, so that when prices drop like now, we still hope from property or other investments.
1098  Alternate cryptocurrencies / Altcoin Discussion / Re: Suggestions for Long-Term Investment on: July 15, 2021, 04:52:40 AM
Simple. Bitcoin is fairly safe and stable. Not a financial advice.

There is no doubt that bitcoin and top 10 ranking are stable and profitable coins, I started investing in bitcoin when the price was $220 in 2015 and never lost when selling, always make bitcoin the first priority is a very good and promising thing than other types of investment .
1099  Alternate cryptocurrencies / Altcoin Discussion / Re: Can Crypto be more valuable than gold? on: July 14, 2021, 04:00:29 PM
The value of cryptocurrency is affected by supply and demand. Bitcoin is the mainstream currency of cryptocurrency, and its total amount is limited, because of the scarcity of Bitcoin, there is a lot of room for increase in the value of Bitcoin.
Cryptocurrency is a trend in the financial field. Now that more people recognize and invest in it, cryptocurrency will become more and more popular and will have higher value.

There is no doubt that crypto is getting more and more popular, after a year of the covid-19 outbreak, many business fields have closed, but crypto continues to grow and always shows the global that the crypto community is very strong
1100  Alternate cryptocurrencies / Altcoin Discussion / Re: investment and loss anticipation on: July 14, 2021, 03:58:13 PM
Talking about cryptocurrencies, of course, it doesn't rule out investing or stocks, in this case, of course we have to be careful in investing because investing also contains risks. The risk here is to lose funds or other assets when the investment does not live up to expectations or even fails. Yes, it is true that we cannot invest and then only expect profits without understanding the risk of loss, but to warn of all possible losses, what steps should we take?

Crypto is different from real investments like stocks, properties. anyone wants to profit but it seems that it is difficult to achieve because there is no technique that can guarantee that we will profit, all we can do is try our best, always follow the latest developments and keep trying.
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