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Why would you think BNB is at its peak price? And by that, I suppose you meant its price can't rise any further given the Gen its price action in the last four years.
Well, to answer you question, there really is no limit to how far or high, as the case may be, the price of a cryptocurrency can go. Bitcoin is a perfect example. Quite a lot of people must have capped $5k, $10k,$30k and even $50k as the peak in the price of bitcoin. I'm sure you are aware of what the price of bitcoin is now.
Someone mentioned earlier in the thread how that the CEO said they are working to grow even bigger.
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High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
You are actually very correct in your observations of what is going on the world right now. There really is no way anybody can escape from the economic impact of inflation and surge in the prices of goods and services. I do believe that as much as this is going to each and everyone's daily routine, we'll always find a way to survive. It has happened in the past. For this time, I won't be surprised when people start having multiple sources of income just to make sure they are above the situation. People will venture into a lot of things in order to make ends meet which is absolutely normal |
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This is an interesting piece of news especially for the crypto community. One of the major limiting factor in the adoption of crypto in the mainstream world is the belief that cryptocurrencies can not be used as a means of payment.
Now, quite a lot of companies are accepting bitcoin and other cryptocurrencies just like tesla and this broker company.
Trust me, quite a lot of companies will follow in this footsteps and very soon, nearly all companies will adopt bitcoin and other cryptocurrencies in their payment method.
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The first question should be what do you consider a safe strategy? If by safe strategy, you mean a strategy that gives 100 percent profit and doesn't lose any trade, then there is no such thing as a safe strategy in trading.
No professional trader would tell you that there is a strategy that guarantees profits 100 percent of the time because there's no strategy that would do that.
The only safe strategy is not in trading but in buying and buying bitcoin and holding for a long time in order to have some significant profits.
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What do you think a one world currency would be? It would be a currency that can be used anywhere in the world irrespective of country or continent. One would have thought that should be the US dollar but you'd still need to change your dollars into a country's currency if you'd use your money in that country.
Bitcoin, however, satisfies the demand of a one world currency in that it can be used in any country on any country and what makes it even better is the fact that it is decentralized and not controlled by any government of the world.
So in my opinion, I think bitcoin is doing pretty well in becoming the one world currency.
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I see big campaign that Elon musk and Tsla give us double bitcoin on any amount we sent.
I sent elon 0.3 btc but I didn't get yet the 0.6 btc from Tsla.
How long it takes to receive it?
This may sound harsh but you're never going to get your bitcoin from elon musk. This is simply because you have been scammed. You have fallen victim of your own greed and covetousness. This is actually one of the best tricks these scammers use. They pose as an influential person often using a look alike Twitter handle to lure unsuspecting victims to send money or coins promising to double them up just in time. Personally I think it's your fault that you lost your coin. You shouldn't be greedy and you've learnt your lessons the hard way. |
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It doesn't matter what you call bitcoin. Call it whatever you want, digital gold or anything. It doesn't matter.
Satoshi created bitcoin with a purpose and that purpose is that bitcoin will be a currency just like every fiat currencies you can think of only that it is not controlled by the banks and the government. Bitcoin was created to give control back to the masses and every bitcoin user can attest to that fact.
It is true bitcoin hasn't gotten to the point it is generally accepted as a means of payment for goods and services but eventually it will get there and bitcoin will be the number one currency in the world.
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I believe you're not crazy to want to give that huge amount of money out as gift. It shows how grateful you are for what she did for you. The problem might be a wrong perception of your intention towards the giving. Since she's married, you might also have issues with the husband who might see the gesture as something else.
Now to the most important part. Even if the two problems listed above were by chance solved, you'd still be face with the problem of explaining to her what bitcoin is. Trust me, she wouldn't really value it if she doesn't know what it is. You'd also have to teach her how to use it and how to sell in case she needs to sell some and all.
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Hi friends,
I am not a professional trader, all I wanted to do is earn some bitcoin so as to pay the potential income tax.
On 23rd Feb, I lost my 80% of bitcoin.
I should have managed risk better, but my worst mistake happened, when I had longed 3x. and I got scared during the dip.
I had lost 50% of my bitcoin in January but I think I got lucky, Elon musk pump helped me recover my lost bitcoin and earn 15% more.
Out of this 115% btc, 80% is lost.
I tried to recover from feb 24 and I was able to make 20% to double and make it 40%.
But being under tremendous stress, I overtraded and lost recovered btc and now back to 20%.
I thought of asking for some guidelines / help from some twitter personalities who are good traders, but I am afraid to approach, because they may think I am going to ask for some bitcoin or I am a scammer. Also I do not personally know any good trader who can help / guide with the strategy to recover my lost bitcoin.
By help I do not mean to give me everyday a trade setup or calls.
my strategy is to go very slow, buying the dips with 2x or 3x leverages and recover bitcoin over period of next 6 months.
I didn't do any revenge trades or high leverage trades to make it all back in one trade. This recovering is easier said than done.
Also I was thinking of selling a piece of land I own, buy some bitcoin and keep it safe in hardware wallet, not trade with it.
And slowly recover from my existing 20%. Or stop trading completely. This 20% is also quite some. so just stop trading and be content with whatever I have. and DCA in future.
Now I don't need to pay any income tax but also lost my bitcoin.
Greatly appreciate any words of wisdom, any help with the strategy to recover my loss.
Thanks and regards,
LongBTC2Moon.
The best strategy to recover losses especially after a losing so much is take a break from trading. However, don't take a break from learning. This is probably what you should have done in the first place so as to avoid these losses but since yo have learnt the hard way, I think it's best you move n and face the future. Take time out to learn all there is to trading so that by the time you return to trading, you're not only refreshed, you're also full of knowledge and this time, your losses will be minimal |
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what else?
if btc are good and nobody cant take it from you by freezing your balance but the problem is btc are volatility.
so my conclusion: banks and bitcoins are good and best? banks are best becouse you can hold your stable fiat currency safe there
Yes, you're absolutely right that bitcoin is good and nobody can take it from you (well, except hackers and scammers if you're not very careful with your wallet security) by freezing your balance. It is also true that what makes the price of bitcoin unstable is its volatility. However, I think you're wrong to think the banks are best because we can hold your stable fiat currencies there. Instead of trusting the banks to hold your money where it can lose value due to inflation and bank charges, why not hold your money in stable cryptocurrencies like the USDT, USDC and BUSD. this way, you have your balance intact without fear of inflation and you remain your own bank. |
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The result of trading with high volume and low leverage or trading with low volume and high leverage is more or less the same. They are both very risky and may cause you to lose all your money. You should know that the higher the leverage the more the amount of money that you can lose in a single trade.
You probably have forgotten and should have include it in your question how that you should trade with a moderate amount of money (preferably one you can afford to lose) and using a moderate sized leverage.
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The value of Bitcoin have increased by 707% over the last year, and the average deflation is 96%
As the value of Bitcoin increases, it's owners would have a reduced incentive to do their job, and they would retire at a younger age(since they would have enough money to live the rest of their life). This would decrease the global productivity, even if the demand remains same(or even increase due to increased wealth). This would in turn increase the price of all commodities almost at the same rate as that of Bitcoin(law of supply and demand)
So even if your rich, and your net worth is increasing with increase in the price of Bitcoin, after everyone have adopted Bitcoins globally, even your richness wouldn't be that much rich, since the value of the things that can be brought with those bitcoins would actually grow the same rate as the bitcoin(due to decreasing productivity)
The illusion that the value of your Bitcoin wallet is increasing only works when you compare it with other currencies, and if every other currencies go extinct, the only way to measure our currency is by number of things that can be bought for one unit(purchasing power)
I'm not sure if that's how it works, correct me if I'm wrong(I'm not really an economist)
As much as your argument looks great in theory, it is actually impossible practically. There can never come a time when bitcoin won't be pegged against another currency. There will always be the US dollar which means you can become rich by hodling bitcoin. Consider how much I'd worth right now if I had bought 50000 bitcoin when it was worth $10 and I'm hodling till now . Consider the profits I'd have made over the years. Secondly, even all currencies disappeared one way or the other, bitcoin will be valued in something else. Gold, silver or oil. Trust me, something will be used. |
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Everyone before me have pretty explained all there is to signature campaigns. It is simply wearing the signature of a company and making a certain number of posts in a certain number of days (usually a week) and getting paid. You're advertising for these companies by wearing their signatures and making posts.
You'd have however have to rank up to be able to participate in campaigns. No signature campaign accepts newbies.
I believe now that you've had answers to your questions, you should focus your energy on making merit-worthy posts so you'd be able to rank up to participate in a signature campaign.
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There's been quite a lot of news concerning bitcoin and it's adoption by companies or prominent individuals and this is a super great news for the crypto community.
One of the most tangible challenges of bitcoin and crypto as large is the inability to spend them. This is because a lot of merchants afraid to accept it a a means of payment because of its volatility. This is a great move by PayPal. Now there about 27 million merchants which 27 millions different people or companies I can spend my bitcoin to purchase the services or products they offer. I am pretty sure that this will aid the adoption of bitcoin in the mainstream world
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It is impossible for everyone to create their own coin. Why would you even think of that in the first place? If everyone creates their own coin, who else would use the coin since the other person has his own?
Secondly, you should know that when supply is more than demand, the value of coins will drop and if this continues, the value will eventually drop ro zero which means that almost every coin created will be worthless.
Thirdly, Don't forget that the value of a coin is determine by supply and demand of the market and since everyone have their own coin, who then will demand and supply?
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Throughout its short crypto history, Bitcoin has always been a safe investment, especially in the long run - so most will advise you to direct your investment in that direction. Of course if your goal is to profit in the short term, another option is to invest in some of the altcoins that tend to give you a higher profit compared to Bitcoin. I'm not going to tell you which altcoin to invest in, I think the financial responsibility is on each of us individually - but I can advise you not to invest all your money in one coin, reduce your risk and invest in more of them that you think will end this year with at least 100% growth. Of course, there are various speculations that BTC will be worth at least $100 000 by the end of the year, and some are speculating about as much as $300 000. I suggest you visit CMC, look at the top 20 or even 50 coins and their history in at least the last 6 months, it can give you some guidance in what to invest your money in. This is particularly true and I totally agree with you. Investing in bitcoin is less risky and it is the most probable investment you should invest it. However, you'd have to buy and hodl for a very long time because it's an investment for the long term. If you're thinking of an investment to give profit in a short-term, then your best option is to invest in altcoins with potentials. There are a lot of altcoins that are actually shitcoins and you'd lose your money if you invest in them. So take time out to study coins with potential that you'd make profits with. You should check out coinmarketcap.com |
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There must be more banks in the world than number of cryptocurrencies
More banks = More Money
More banks can also help to keep the dollar and other currencies stable, as it is because a competition exists between banks which helps to keep the dollar or any other fiat currency stable. It will also help to keep the Bitcoin and number of other cryptocurrencies stable as in near future banks will also accept bitcoin so they would want to keep the bitcoin stable to prevent from losses. Which means that if a whale who holds thousands of bitcoins sells it to dump the market for his own benefit, may fail to disturb the market. It will also provide the security to cryptocurrency. Banks are also good for economy growth and it helps the governments to pay and collect taxes. If there will be more banks, governments would want to reduce or even remove taxes from cryptocurrencies as they can earn sufficient amount through banks to run its economy.
Why would you desire that there should be more banks in the world than the number of cryptocurrencies. Banks are not in favor of cryptocurrencies and won't provide any form of security to cryptocurrencies. This is actually because bitcoin and other cryptocurrencies where created to take power of the banks and the government and give that power to the masses. The essence of bitcoin and cryptocurrencies as a whole is to live without the banks because a bitcoin user would be his own bank. He wouldn't need the banks to make transactions, his transactions fees would be determined by him and not the bank. I hope you get the idea now. |
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This is super wonderful. Thanks to Jack who donated such huge amount of bitcoin to charity cause and GiveDirectly whose sole aim is providing aid for African countries.
This is superb representation of what the future holds for bitcoin. How that it can be used for transactions across countries and continents. Now, one understands better the power bitcoin has given to the masses by giving them control over their money. One can guess how much of taxes, transaction fees and transaction time it would have taken if such amount of money were to be sent in fiat.
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If we'd be truthful with ourselves, many of us bought bitcoin in order to make profit. We, one way or the other, heard about the potentials of bitcoin and become fascinated by the prospects and we bought into it.
Personally, I bought my first bitcoins back in 2017. It was trading at less than $20k then. Unfortunately, I didn't hold for long although I did make some profits.
I don't know why you asked this question but I don't think you need anybody's approval to buy and own some bitcoins.
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Personally I believe Marvel studio is the best comic and superhero producing company. This is a great news for the crypto community. Marvel adopting bitcoin shows how fast and how massive bitcoin is being adopted in the mainstream world. Now many fans of Marvel who are skeptical of bitcoin before will readily embrace it now just because it has been endorsed by a top company.
This is a proof that bitcoin has come to stay and will in no time be adopted by all of the world
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