I'm a fan of cardano and I think it is making great progress these past years especially last few. But in the crypto community, cardano just seems to be getting hate and also from crypto media. They do not point out the great upgrades and updates that ada is having but just seem to talk about the bad or not true. Why do you think this happens?  Why are you a fan of Cardano? Would you please explain it to us? If we can understand your reasoning maybe we will stop hating it. To me it is just another shitcoin with no real world use. It was supposed to be an ETH killer but nobody's using cardano for their projects. ETH is still the king there and as far as I see, Binance's own project (BNB) is the second most used platform. Where is Cardano in the picture? It doesn't even exist in the picture. People only use it for the pump&dump purposes and nothing else. Here is a chance to change my mind. Enlighten us. Yes, it seems that as time goes by, Cardano fans are also decreasing, it is certainly not without reason because the project itself is not clear, compared to ETH and BNB, of course, the quality is still far away. |
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Every person needs a source of side income for financial stability. Otherwise people always have to go through financial depression. Moreover, with the money earned during working life, many people only end up paying for their daily expenses. As a result, there is a limitation in the quality of life of those people. If any other site job can be kept with main duty then we can expect something good. Through side job a person will be able to achieve financial goals along with financial stability.
not all of that if someone has earned a lot of money from their main job and spent a lot of time on that one job I don't think they need a side job to stabilize their finances. all of that is not only about money but also about limited time, everyone certainly has a great desire to be able to earn extra money by working on the side but not everyone has enough time for that. so I think it doesn't apply to everyone even though it's true. Regarding side jobs it is an option and it depends on them whether they need more income or not, if with their main job they feel financially stable maybe they don't need a side job, it is much better if you have more than one source of income. |
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Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
Overall, what you do is correct, it is true that crypto has risks, but there is no denying that the opportunity of the crypto industry is also huge, so there is nothing wrong with you sharing the opportunity with everyone, especially your loved one. Not everyone succeeds in investing in cryptocurrencies, and what you need to do is explain all the risks associated with this industry rather than the returns. Let them be fully aware of the consequences they may receive and so they can make their own decisions. I agree with that because if you explain the benefits then most people tend to join crypto without a second thought, they need to understand the risks and I think that's much more important, because investing and trading in crypto is not easy and they have to be aware of that. |
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My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why.
Having a civil service job is everyone's dream since no matter what happens, you are at least sure of having your salary paid at the end of each months and it's also pensionable, which is an added advantage. But for me, I will likely go for the two, that is, both my civil service job and my extra source of income (i.e trading) since to become very rich, one don't need to rely on just only one source of income. It cannot be denied that until now, being a civil servant is still a dream for most people for the reasons you have mentioned, i agree with you and its better to have more than one source of income because it will make us much more financially secure, especially with today's life many basic necessities have experienced price increases. |
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if you really don't want to lose your money then don't invest in altcoin, with great opportunity of course there's risk accompanying it, I think it's only normal, otherwise everyone would jump at the altcoins investment if it carries no risk, however just know that to move forwards you need to take advantage of these opportunity which means risk can't be avoided.
In any investment, there will always be risks and that is the challenge, how do we overcome them? we cannot avoid losses completely because we can only minimize them, The most important thing to consider before making a decision. |
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Luna will not be able to return to normal because investors have lost confidence in it, and one thing that needs to be known is that there may be many out there who will be like Luna.
but projects in crypto are still trusted because people still believe.
How important is trust and I think it is very expensive for sure to restore lost investor confidence in Luna, many people don't expect that Luna will return to normal because it's impossible, for the crypto project itself there are still many who believe it is true. |
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The researcher investor
The researcher investor wants to conduct thorough investigation before deciding whether to invest.They might even decide against investing altogether since, if you wait to make a decision until you know everything, you might never invest.
I think they think ahead not not to invest but research and see if they think the project can grow later after they invest, and I think the people who do the research are the smartest of all. Those who do their research before investing I think they are one step ahead of those who invest right away, indeed it is not a guarantee that it will generate profits but at least it can minimize the risk, Doing research is not easy because it takes a lot of time. |
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A person will regret only when buying of bitcoin stops but I don't think it will happen because every year the price of bitcoin skyrocketed. I think that person should not regret about the past because there is no need of thinking about the past but instead of wasting time by thinking about past the planning for future will be beneficial. Just invest now and you will not be regret anymore as you will be bitcoin holder and there are lots of benefits for bitcoin holders if he has a complete knowledge about the timing of holding and taking decision.
Despite that the price of Bitcoin went down but in the end it will skyrocket again, making the past as a lesson is much better and useful than just regretting it because it will not produce anything, Bitcoin investment needs patience and those who are patient will be the winners. |
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We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.
The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.
You can say yes they do. They do monthly savings for their retirement plan.
But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.
So what can we do then? We have so little to grow a business.
Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.
That is right to grow our own business. Being a regular employee the salary is not sufficient for my financial needs. We do really need some extra income to be able to survive and it is hard to save extra money for investment. Having your own business is much better in being an employee, we need to work hard to be able to surpass the target income that we are aiming. When the business is already working really well, we could save up and we can invest it to a profitable investments. Having a business is certainly better but on the other hand growing a business to be big is not an easy matter, we have to do a lot of things and it really takes time and energy, other than that it doesn't mean that the business guarantee will be successful so indeed all of that has risks and the important thing is we need to have knowledge and skills. |
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People always act like they know shit here. They probably said the same thing about $shib in 2021. I always open to any possibility out there. Who knows what is gonna happen in the market.
we are all here to speculate mate, who are in this forum or even in the whole crypto world can give their complete knowledge that constantly coming or happening? even the most influential and most knowledgeable comes to be wrong sometimes. meaning this world is pure of speculative and only few will make it right while mostly are losers. PEPE,SHIB,DOGE or whatever project it is are never to trust 100%. Moreover, the coin that you mentioned is a meme coin where there is no more trust in them than other potential coins, regardless we have done analysis and research I don't think we can ever know for sure what will happen in the future, better just follow the progress. |
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For me, my advice to beginners is to trade in the long term and stay away from scalping until they have a good experience in trading.
Patience and not being greedy are also important tips. These negative traits are the main reason why many novice traders lose.
In any case, beginners should not enter into large deals at the beginning, and it is always better to enter with what they can afford to lose.
It's really important for beginners to gain experience because sometimes they don't realize how important it is, trading or investing long term is indeed the best option and Bitcoin is the right coin for that, the most important thing is always learning both in knowledge and skills. |
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Here is my bold assumption. As the recent cryptocurrency prices continue to drop dramatically, the whole market needs a big time and force to embrace a new bullish period.
It is normal for the crypto currencies prices to drop dramatically, it has been more than a decade when crypto currencies evolve and the prices are really fluctuating. We never know when will be the next bull market, take advantage of the bearish market if you have funds that you can afford to loose then try to invest in crypto currency of your choice and keep it and wait for the next bull market. But always keep in mind that never apply for a loan if you want to invest because you may end up broke. Everyone is waiting for a bull market and still waiting for it, this is definitely not easy because we have to be patient and take advantage of this time to buy potential coins, Loans to make investments is a risky action so consider again before making that decision. |
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I don't invest money easily in any asset because of fear of losing that money. i think of investing 80% of total savings.
do taking risk is important or not?
please quote all question and answer it's very helpful for me and others.
Taking risks is an important part of investing, as it can lead to higher potential returns. However, it is important to balance risk with your personal financial situation and risk tolerance. Investing 80% of your total savings in any asset can be risky, especially if you are not comfortable with the potential for loss. Before making any investment decisions, it is important to do your research and understand the potential risks and rewards of the investment. You should also consider your personal financial goals and risk tolerance, and make sure that you have a diversified portfolio that can help mitigate risk. For achieving something big in life you have to take risks and chances and for investments its all about risks so never fear that. Take chances , learn from your mistakes and stand by your decisions. It is true that it is not possible to invest without risk so you have to know about the sites first and then invest. Different investments have different risks. Before investing to consider the issue of risk, it is necessary to analyze various information about the investment and understand the level of risk to ensure the safety or safe exit of the invested money. It's true that whatever the investment, I don't think it can be without risk, before investing, it is very important to do research and analysis first, because with that at least it can minimize the risks that exist. |
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So, let's collect here the reasons why there will be ATH for BTC.
Name one (at least) reason, please.
Isn't this contradictory to your first paragraph? Let's just say that there will be no ATH and the price will fluctuate between 15k and 40k as you mentioned above, what is wrong with that? You can still use Bitcoin as usual. You can trade, DCA, and make profits through other means other than chasing new heights if that's what you're worried about. It's not like the coins become worthless if it doesn't make new ATH every 4 years or so. That being said, as long as fiat inflation is still happening (which means a decrease in purchasing power), you can rest assured that assets like Bitcoin will keep going strong. You are very correct, but I do not think it is time to talk like this about bitcoin because bitcoin has not failed for once not to reach all-time-high in one cycle, I mean in every 4 years after halving. Bitcoin has always got to all-time-high. But maybe there would be a time the max adoption would be huge and all-time-high may be hard to reach but having huge marketcap. The price will still fluctuate in a way that people can still hold and make money. True I also never doubted Bitcoin and it's only a matter of time to see Bitcoin reach ATH, but back again we never know exactly when it will happen, so it's better to be patient and keep up with the progress. |
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
In my opinion, we can't rely on one permanent job, we have to have a side business, even though the business is not much, sometimes it's the side business that helps with stability, because we have backup money, we don't know in the future, who knows, we might be fired suddenly, make our side business cash flow that can help stabilize our finances It's true that the more sources of income, of course, it will be much better because we never know what will happen in the future, but on the other hand not everyone has a side business which also requires new skills, so it is also important to learn skills. |
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...ADA for example i might get 3 to 4 x return, however with XRP that might be a lot more should they win the court case.
My slight worry is what happens if XRP lose.
For me, your choice of coins remains unclear, since you yourself understand that in case of a Ripple loss, the price of an XRP coin may approach zero and nevertheless you are considering it for investment. 3-4 years for investment is a long time, therefore, it is necessary to choose coins from those that after this time will not only remain on the market, but also increase their value. It is important to make a wise decision considering many things, because at least that way we can analyze the risk which is good for ourselves, there are still many decent and safer coins for investment and if indeed for the long term of course the best choice is Bitcoin. |
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Some altcoins stand on their own, they don't rely on Bitcoin, so if Bitcoin crashed down to 10$ there will surely be some turmoil but Ethereum will switch over to the 1st on coingecko and CMC, many altcoins including Ethereum will lose their value but the strong ones will be cut off from Bitcoin and Bitcoin will die, it will also take a long period of time before things settles.
Well, that sounds like an interesting scenario to be covered by your flowers but I'm not sure it's correct. Bitcoin brought a revolution by blockchain, will the market in ETH easily meet the demand then? Personally, I think the path for bitcoin to drop to $10 is pointless and almost 99% realistic of it will not happen. and we probably wouldn't expect too much in this situation. if it will going to drop that low then lets admit that the crypto is a nonsense and will die together with bitcoin because what is altcoin if there is no Bitcoin around? because dropping that low means there are no support from the people and there is nothing to continue. but the good thing is what we do believe and that is 10$ for bitcoin will never happen for sure. I agree with you that Bitcoin is not going to go that far and I am sure of it, we need to be patient to see the movement of Bitcoin again, I think it's only a matter of time to see Bitcoin bounce back and just follow the developments. |
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Will the altcoin holders hang on until the bull run comes ?
(...)
With the hype of altcoins and every bull run, I believe there's a new trend and the altcoin market will always have its own show. For me, yes, a lot of people especially these altcoin holders tend to believe that altcoins always follow Bitcoin or the famous "alt season". For me, it still exists, it is just a matter of time. We should never underestimate the altcoin market. Basically the possibility will always be there but come back let's follow the developments and see what will happen later, besides that maybe we also need to do an analysis on the altcoin market, I hope what you say is true that it is only a matter of time. |
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Indeed, the economic sanctions imposed by Western Europe and the U.S. on Russia have primarily targeted banks, oligarchs, and technology imports. These measures were intended to curb Moscow's involvement in Ukraine's conflict and pressure the Russian government to change its policies. However, it is also true that the sanctions have not significantly impacted ordinary Russians' daily lives. However, economic sanctions can have long-term consequences on a country's economy, and it is difficult to predict their full impact over time. In the case of Russia, some analysts believe that the sanctions may have contributed to a decline in foreign investment and slowed economic growth.
Europe and the US have used almost all possible sanctions to put pressure on Russia. If it is not true to say that Russia is not affected, this will more or less affect the Russian economy is inevitable. But to say sanctions will kill or destroy the Russian economy so far, the plan of the US and its allies has completely failed. In the long term, I have a more optimistic view of the Russian economy because it will have time to find new partners and allies and fix things faster than it can. Europe is not the only customer in the world, so Europe's absence will be resolved, but things take time. Sanctioning Russia was the right thing to do, however we must recognize that sanctions hardly if ever work on forcing a government to change course, and what better example of this than Cuba, Cuba has been subjected to sanctions by the US for more than 60 years and yet communism is still there after such a long time and it is not like the Cuban government is close to change its ways anytime soon, then I expect something similar could happen at Russia, the living standards of the population will drop but Putin will remain in power. Russia is a great power, has rich natural resources, and is the world's second largest supplier of oil and gas, a comparison with Cuba is a lame comparison. The US can only bully small countries but cannot crush powerful countries like Russia and China. More than a year has passed, and we can see that Russia is still standing up to the sanctions and that their energy industry is bringing in huge revenue. With that, they have turned to Asia, looking for new partners, I really doubt that their economy will collapse or will fall into a deadlock like Cuba. If the US and its allies want to destroy the Russian economy completely, they should have a new, more effective solution. It's true that I don't think Russia's economy has been affected too much, and it is not impossible that in the future the United States will continue to try to paralyze this sector, what is clear is that it is not easy because after all Russia is a big and powerful country. |
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It is quite possible that now is the right time to start. Perhaps bitcoin will not be worth less than it is now (who knows). If so, the time to go to market is now. At the very least, bitcoin is unlikely to fall much lower. The main phase of the fight against inflation is behind us - and we are unlikely to see a deep recession.
When it was around 20k it was definitely the right time. And as for now... well, right, 30k is still not bad as it is far from ATH, but no one knows if we'll have flat for months or even years or it can even go down. So it is not bad time for start but only for those ones who are aware that they shouldn't sell immediately if the rates will occasionally go down, because they should hold until bulls. If with other strategy they still can lose. That is the importance of having patience because short-term investing is not the right choice, so indeed long term investment is much better for Bitcoin and it will be profitable, at a price of $ 30k I think this is still worth buying but still needs to be analyzed first. |
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