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October 01, 2022, 09:38:39 PM *
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1  Economy / Trading Discussion / Re: Do not panic. Everything will get better on: September 13, 2022, 11:49:45 PM
Why on earth would I panic when obviously this isn't the first time bear season is happening? I'm not confidently saying I'm happy with it but of course, the expectancy is there. This is why it's advisable to not be greedy and always take profit at all times whenever possible.
Everyone won't be having similar mindset. Most of the users just want profit. Cryptomarket is the place where it is possible to make an earning unlike the market trend. The risk is there, but with the knowledge and skills it is possible. Every market won't stay on the bullish side all the time, the real growth is having Bull and bear market. We need to learn and find opportunities out of the market and leaving it out of panic.
2  Bitcoin / Bitcoin Discussion / Re: Why has bitcoin adoption failed in El Salvador? on: September 13, 2022, 11:44:43 PM

any new technology really needs time before everyone got a grasp on it. imagine, btc playing the same role with their fiat? fiat has been there for decades and decades so yes, they should be more considerate when it comes to adoption of btc because el salvador has just implemented this as legal tender for just a year. so they should not expect that the adoption is already the same with their fiat.
Whenever something reaches the market people find it hard to get used to it. Later slowly things change when the real value of the same is being enjoyed/experienced by some means. The same is the reality of the adoption from El Salvador. As said just think of our bitcoin, very few were interested on bitcoin at its early days. Those people have made it reach the world and it is successful. Same as this with time we'll experience the success of El Salvador and for the reason the adoption isn't a failure.
3  Economy / Speculation / Re: 1 Bitcoin, Not for everyone. on: September 13, 2022, 11:29:15 PM
It is sad that so many people around the world, especially ones in poor countries will never be able to buy 1 Bitcoin in their whole life. Its still expensive for at least half of the world. My personal focus is to get as much as Bitcoin I can. Cause I am sure Bitcoin will hit 100k dollars for once. At that point if I could get 2 Bitcoins it will change my whole life. Our country is rather poor country so Bitcoin saves my life.
Bitcoin is expensive that everyone can't afford it, but we've got the access to buy according to our affordability. This means bitcoin is for all and not for the rich or the people with good sum of money. The interesting part that strikes my mind, even if we've known about bitcoin when it was around $100 we couldn't have bought it. Just on experiencing it's growth we look for ways to buy.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Why most of ALTCOINS are dead or worthless? on: September 13, 2022, 11:25:16 PM
A person who have got good technical knowledge have got the ability to create his own coin. In such a way it is possible to see a big list of altcoins available in the market. These coins doesn't have any usage and just moved to make some money. Just think of the recent Queen Elizabeth II coins, everything created based on her death. Nothing beyond that, just hyped to make money out of a historical incident.
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are your plans for the 2022 crypto market? on: September 13, 2022, 11:21:44 PM
My hope is of course the market can rise again, I lost more than $ 3500 since the price of ETH, Matic, BNB and some significant drop coins in 2022, I hope the Rising Market and My Assets can return to the end of 2021.
As long as you hold them, you are not in loss.

Because after the bear market, there will be a bull market again and if you don't sell your tokens, then you will be able to sell them at higher price.
The market trend haven't moved to the bullish side. As suggested it is always good to keep hold of the altcoins for the market to turn bullish. As long as you hold there is no loss, but very few does it. According to me this year is going to be hard for market prediction, somehow maintaining the portfolio is the right measure that one can take in such market situation.
6  Economy / Trading Discussion / Re: How do you define a good exchange? on: September 12, 2022, 11:59:39 PM
Based on the listing of coins as well as the support from the team when there is some issues. Apart from this it is must to take into consideration the trading volume and the trading pairs available. Security is much important, because if lost we can't do anything. Exchange like Binance have got good backing to support unexpected security breach.
7  Economy / Speculation / Re: Is bitcoin bear market over? on: September 12, 2022, 11:58:48 PM
The market have bounced and the same can't be judged as the end of bear market. The real bear market ends when the market experience continued increase in the price. From majority of users view this is just a price rally and nothing to connect it with the market trend. This can have a transition over time, if some big news takes place associated with bitcoin.
8  Economy / Speculation / Re: What is your expectation on: September 12, 2022, 11:45:33 PM
Both the countries were at their worst economic situation. By the time they'll be with different plans to retain the growth. Bitcoin too can give hands, during the war cryptocurrency usage served as a big change for the traditional fiat as the world countries imposed restriction over Russia on transactions. I expect these country people to continue the usage of cryptocurrencies same as they were using it before the war.
9  Economy / Economics / Re: Which city deserves to be the blockchain capital? on: September 12, 2022, 11:42:16 PM
To me a country which have a softer visa policy should be the hub
I am not in the clear mind state - I have to complete all the comments - too I will read all the comments and will come up with my suggestion
This is a good suggestion since other countries are too strict when it comes to visa application but of course it will still depend. Having more events doesnít tell you to be the blockchain capital, i believe it will still depend on how friendly that country is and if blockchain technology or cryptocurrency is already accepted on that country and being used by many.

Itís hard to tell where the capital is but the good thing here, many countries are now accepting crypto and that is what matter the most here.

for me, this should not be a competition at all. the more cities we have in terms of being open to crypto market, the better. because it means, more people will be encouraged to join this market if they are promoted by more cities or countries. it will also lessen the hesitations of most newcomers about the negative notion about crypto.
But then again - if people have to go and attend meeting and the visa policies are sticker - how would people be able to meet and discuss the matters with other in the industry so for me too - softer visa policy should be the main priority.
These days Visa processes weren't a big issue when you're an investor. Even for layman this has turned to be an easy thing, if there is no legal issues out of crime and other activities. Most of the countries mentioned were good, but for me it is Singapore which best suits for the technology based move.
10  Bitcoin / Bitcoin Discussion / Re: What are people doing except holding Bitcoin? on: September 12, 2022, 11:39:26 PM
Rich people always look to multiply their holdings and find a way to secure it. This is why we can see most of the rich make money out of cryptocurrency and diversify it away from cryptocurrency. This is also a better way, thinking about the volatility of the market. According to me, the cryptomarket is young and what we invest now will surely gonna turn big in the future. Believe in it and invest.
11  Economy / Economics / Re: Flood causing economics crises on: September 11, 2022, 11:59:59 PM
Governments need to have active plans. If we're with prior planning we can able to withstand to some level. By the time things might come into control. Floods are happening all around, but the people are much affected on specific regions and countries. Actively developing the requirements to identify flood and taking measures will lower the effect. Now it looks like Japan have got the best infrastructure to stand against flood.
12  Economy / Trading Discussion / Re: Is trading gambling in another form? on: September 11, 2022, 11:56:33 PM
Some people may talk like that, but I think trading and gambling are very different. Trades have an agreed consensus analysis even though they already have an agreement that takes the form of a sell or buy order. So they have agreed and it is very different from gambling. Gambling or betting is usually only armed with a lucky guess. So trading is not gambling, but it can be trading into gambling because it does without analysis and only based on guesses.
Trading may fall likely into gambling if you risk your money without trading preparation from the start. Though others still make profits and sometimes become lucky in trading, but in most cases, if you trade without skills and good marketing analysis, you will never succeed and become profitable. Trading is more likely gained and acquired, while gambling is just pure luck based and wild guesses.
Agreed and when you find it a way to try your luck investing over an altcoin that isn't popular as well as have reached the market in recent days, then it is pure gambling. Because you're just going with a random choice and not by analysis.
13  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Will Ethereum price get to 4,000 in 2022 on: September 11, 2022, 11:54:51 PM
I think a lot of people believe in ethereum. Market forces seems to favour ethereum. Though the market is bearish right now,I think ethereum will pick quick pace once the market go high.
There is good support for ethereum and the same can keep the market high. However the growth have got dependence over the market of bitcoin. On account of the same we can expect growth based on bitcoin's price move. In this regard I believe it can reach a max of $2500 during this year.
14  Economy / Speculation / Re: Will Bitcoin do $19k again before a bull market? on: September 11, 2022, 11:33:51 PM
Bitcoin is finally back to $18k and still, the red candle appears on the market. I am wondering if this price will go down for more or if it is just a correction in the $18k level because there is a sign to go down and stay at the current price. We can only prepare for anything, especially if we have money because we can buy back bitcoin at a lower price and do not need to panic if the price still goes down. Maybe at this price, people are not ready to see the price is down but that is what happen to the market now.
This is not surprising as bitcoin price will never keep moving up or down, it will always create price fluctuations or price correction from time to time. And the best thing to do is to always be prepared whatever the price so you will never miss another golden opportunity to buy and hold. Always observe the market first and never rush into selling at a loss. That way, you will never end up regretting.
Whenever certain price barrier is reached the market undergoes some corrections. Now the price have made a good jump in the unexpected time period. This have kept the market of bitcoin above $21k. For some time period this will not fall down to $20k creating support level. Further depending on the news around the market we'll experience the bump or dump in the market.
15  Economy / Economics / Re: Which city deserves to be the blockchain capital? on: September 11, 2022, 11:31:32 PM
My vote is for Singapore. They have a great success story. Every time I look at their history, I am impressed. In just 30 years, they have done great work with an innovation-based growth model. I think this small country that has managed to become an important part of the financial world can also succeed in becoming the capital of the cryptocurrency world. Also, I would not say no to a commemorative coin to be minted in memory of Lee Kuan Yew. Smiley
I'll also go with Singapore, because it have made themselves high in technology adoption earlier. It also have the system that lets Investment to me made with ease than other countries. So, more number of blockchain startups have moved from other countries to Singapore. Next in my list will be Dubai, which always intend to keep themselves top in technology. The oil wealth is an advantage for them to go high and make things better.
16  Economy / Economics / Re: Usability of cryptocurrency in Africa on: September 06, 2022, 11:59:21 PM
Cryptocurrencies do not benefit the economy of a country. It has the potential to profit citizens, but not nearly enough to impact the overall economy of a particular country, at least not yet.
Africa do not just like development but I think crypto organizations are increasing in Africa, how about exchanges that can be developed, they will pay government tax and they will employ many workers. Not only that, anything related to bitcoin and other cryptocurrencies in which people are employed all contribute to economy.
Thats a good way, but very few African countries have announced their legal status about cryptocurrency usage. By the time Exchanges to be registered within the country and letting them to operate won't give hands. Even in Nigeria and other African countries, there is big rise in the usage and number of holders. Most of them look like they're using and accepting into business on their own risk.
17  Bitcoin / Bitcoin Discussion / Re: Are new bitcoin users early or late to the party? on: September 06, 2022, 11:49:35 PM
Even the users who entered the market years back have made big holding in cryptocurrency through their dedicated involvement into trading practice. So, it doesn't mean we're late to the party we're not that active in the market. The preference differ between users and what majority prefer is to buy what we can afford and hold it. This is good, but taking the risk helps in increasing the holdings.
18  Economy / Trading Discussion / Re: buying low and selling high on: September 06, 2022, 11:41:21 PM
Its a very simple system an any cryptocurrency are listed in two exchange some time one place price and another price are Change so a people buy a low and they sell these are another exchange that is buying low and sell high system.
Such differences can be seen very rarely and with very few coins this'll happen. In the past when exchanges operated within a specific region or within a country this had been there. Now what we have for trading practice is different. The Exchanges were universal and have the common price. In the past there were people who have been making good money buying it in one country and selling on the other country.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Why I won't be buying Eth until the merge is completed things are running fine on: September 06, 2022, 11:37:34 PM
It looks like Binance and other leading exchanges have stopped the withdrawal of ethereum due to the merger. There is more chance of price bounce, and this isn't assured. For now no onchain transactions won't be taking place. This means the Dex platforms won't function. Possibly this can increase the market progress of ethereum. What is available within the exchange can be used. Lets wait and see the reality of the merge.
20  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Time to buy some low cap coins on: September 06, 2022, 11:32:43 PM
I don't have a suggestion, but when going for low cap coins it is good to going with its previous history and make the investment. When we invest on a low cap coin that have already reached good price point and now available at the decreased price is a better option than relying on something new that needs to prove its market progress.
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