I'm glad that Bitcoin adoption is gradually increasing and becoming a thing. Mass adoption will push Bitcoin to an even greater price, reaching $100K is now more feasible. We need more institutions to accept crypto to induce more people to accept as well. However, I am not fond of using Bitcoin to spend on any commodities as Fiat would perfectly fit for it (for me at least) while Bitcoin is more likely to be used as an investment or something. |
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If you had 4,000.00 USD to use to invest in cryptocurrency, and that was all the money you can afford to use for crypto investments for the year of 2021, where would you put it?
If I have that amount just to invest in cryptocurrency first thing I will do is to diversify that big amount of money into different coins. The big portion will be allocated with Bitcoin which is considered one of the safest coins to place your money with as it has the biggest volume among them all. The next coin will be in Eth, of course, BNB, and more. Basically, if you will notice the coins I choose are the top listed coins in CMC because in terms of the safety of your investment they are far safe compared to newly listed coins in the market which has low volume. |
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Hello to all! Another topic about casinos and games. I started playing at THIS CASINO quite often. At the very beginning I thought I would just play in the evening, but one evening turned into a constant game during the day. On the first deposit, I was lucky and I took out a little, it was x3 of my deposit and I was happy. Recently, I just started making stupid deposits and trying to win something and I understand that this is self-deception, but I cannot stop and make more and more deposits. I decided to make the 1st level of VIP, but for this I need to make a turnover of 10k dollars, but I am a player with low stakes and this is difficult for me to do. You seem to understand everything that you will lose, but you go to play again. How to get rid of gambling addiction?
That was the strategy of most of the casino where they will let you win at the beginning just to make you excite and look for more, then after a few more bets that would be the time you will experience loss, once you have lost your instinct will try to convince you to retrieve it back causing more losses and then you will fall in their trap. Honestly, it is hard to move out from addiction once you get into it, you will have trouble controlling your emotions but with the help of someone to guide you and look for another hobby that would benefit you, that would help a lot from moving out to your addiction. |
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After reaching ~$62000, BTC had a pullback and now again it got backed to $61k again. Many have shorted at this price, I had too (long ago). But it doesn’t seem stopping anytime soon. If I can remember, @100trillion twitter account posted few times that we are very early stage of the bullrun. We may see a huge bull of another few more months, very likely this whole year. If he is true (till now, he is very true), I think we will soon see the $100k mark.
What do you think? Is it still a good time to get in?
It will always be. I believe it is not the end of the run, in fact, Bitcoin is expected to show good movement this April and it does. Finally, after a couple of weeks of resistance around $57k-$59k is now broken reaching a new ATH is bound to happen any moment. A lot of people also believed that Bitcoin would reach the $100k mark and I think it is possible because there are still few institutions are accumulating, this will push Bitcoin at the top so keep holding your stash it will surely be rewarding. |
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Firstly yes, the history repeat by itself in a period of the time and it's not just about the economic history but everything in the world. Ti understand in better let's say the whole ta systems such as price action is using this theory and people believe the history is repeating in a period of the time. But in your post you are saying 'gambling their cash in stocks and crypto' which is not right. Since you know what are you trading and what are you buying it's not gambling at all, you would not say such thing if you correctly manage your risk and know the relation between risk and reward deeply.
Indeed, I wouldn't call it gambling because trading crypto or stock is not just about luck like gambling, sure sometimes it does need luck but most of the time it needs analysis and such to mitigate the risk. It would only be gambling if you trading without any knowledge because you are trading in a volatile market and entering without any experience induce risk. Regarding to inflation, yes it is possible for history to repeat itself, in fact, commodities are now gradually increasing, it is too little to be realized but yes it is about to happen sooner. |
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If they want to ban Bitcoin they should have done it earlier, now that adoption is skyrocketing people will fight for it. We’ve seen so many Bitcoin bans and harsh regulations from different countries, some tried to totally ban it and some are still shaky with their decisions. Its impossible to ban Bitcoin, they can’t control it unless they shutdown internet servers.
Very well said. They should do it earlier but now I don't think they can pull it off since adoption is now increasing and imminent. Yes, some countries could ban it but stop people from using it. Bitcoin is decentralized and that what it makes difficult to control or even ban it unless they cut off all internet connections which is impossible. Besides, some countries already have accepted Bitcoin and benefited from it so I don't think they will ban it. Furthermore, large institutions are already venturing on it that would also another reason why the government will have trouble putting it on prohibition. |
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It can definitely make a person's life better but at the same time, it could ruin someone's life. The outcome will yield depending on how we will use it like if we will are going to use it to sustain our necessities or a tool to improve our living then sure it does really help. However, if we choose to utilize our bad habits and such then it could really ruin our life. Personally, Bitcoin does really made total changes in my life, it makes my life better in a way of I could now live without worrying about my income.
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If we have trouble doing research to find good bounty campaigns, we can choose bounty campaigns based on bounty managers. Because if
the bounty managers have a good reputation, usually they will choose good projects too. Although it does not guarantee 100% success,
at least the percentage of success is higher than us following bounty campaigns that use bounty managers without a good reputation.
Though I'm done with these bounty campaigns anymore I also believe that if you have trouble looking at good campaigns then why not look at those campaigns handled by reputable managers. And that is what I am exactly doing before. I choose to participate in their handled campaign simply because I believed that they will choose a good campaign as much as possible or will avoid choosing the worst ones, to put simply they filtering it out. They will not waste their worked-hard credibility just for a scam or non-successful campaign. However, not all the time it will be successful and even them became a victim as well. Besides, it is way less risky compared to participating in random bounty campaigns. |
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I already have MetaTrader 5 on my phone which I'm very happy with. I just wanna see what other apps you guys like and maybe try them out.
I generally like simple apps with clean UIs but I'll have a look at anything that is popular on here. Thanks!
I don't use apps in crypto trading using mobile phones, because most of the time they are prone to be hack by someone. I used laptop or desktop due to I had been doing for a couple of years now mate. And so far so good, I never encounters such any issue problems but I read here in the forum even in the other forum platform that there are several community in crypto space face a problem using trading apps in mobile phone. I don't think crypto trading using mobile phones is more prone to hackers compared to desktop because as far as I know, the security of a trading platform will depend on the application or software itself not on the device you are using. The platform will be prone to hackers if the security of that particular software is not that strong regardless of the device. Personally, sometimes I've been using my phone to trade and so far I never encounter any issue with it. The only disadvantages of having a mobile phone as your device for trading is that it is hard to make your trading analysis with it because some features of the platform might not be in there but the good thing is, it is pretty convenient to use causes you can able to trade whenever and wherever you are. |
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Unfortunately, the bitcoin price now is at the $57k level, so we need to wait for more.
Bitcoin price already reach a new high at $61k and as usual, the price makes a correction many times, and this time, the correction comes too deep.
I still believe that bitcoin can back to the high price and reach more than $60k but we need to be patient.
I guess that the price is stable at a price now or we can say the price is still at more than $50k, but there is a chance for bitcoin to go down deeper.
We need to prepare if the price is down faster and reach the lower price, but that can be our best time to buy more bitcoin.
Yeah, everything in this market could possibly happen starting from dipping beyond $50k to reaching a new ATH, no one can exactly tell what is gonna happen all we can do is to make our own speculations. Anyway, I believed we already reach $59k a couple of times and even reach $61k last month but now we are back at $57k and it is quite stable for now. Once we break the resistance we will definitely set a new ATH so keep accumulation and holding for the meantime because our patience will be paid off eventually. |
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There are many places that offer a crypto purchase service using a credit card, but it seems that many card companies in Korea often block this kind of transaction. Any of these problems in other countries as well?
Unfortunately, it is also an issue in our country however in all the banks though. I remember that my friend once used his bank account to store his earning in crypto but the bank questioned it where does it all money came from and he tells from crypto trading. It turns out that even the crypto is accepted in our country there are still a few institutions that are not ready to accept it, perhaps it would take more time for them to accept it. Anyway, there is still some way to purchase crypto, instead of using a credit card why not use peer-to-peer service. |
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With the recent situation with the pandemic going on. Has created many economic challenges for all.
Do you think Bitcoin and other cryptocurrency could really help people bring back their economy?
This be in the form of trading. Use of the currency? creation of? education. etc
What are your thoughts on this. Could this cryptocurrency help people give some new direction?
Well for personal finances then Bitcoin definitely could help a lot in fact it did bring changes to my life. However, for the general economy of a country, I don't think so. Bitcoin is not yet fully accepted by the government and even a few individuals are still scared of using it and it is enough reason why it couldn't save the entire economy of a country. Though the adoption is gradually increasing it still not enough to bring changes to the country's economy but perhaps if the whole nation is using crypto then there might be a chance. |
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This makes me wonder, will stablecoins replace Fiat currencies in the future? If not, why? Is there a possibility governments will adopt stablecoins as their own instead of launching digital currencies from scratch? Your input will be greatly appreciated. Thanks in advance.  I think stable coins will only replace Fiat currencies once the government has full control over these coins otherwise it will not. The government will not let these coins generated without their regulations hence it is more likely impossible. What will the government do to counterpart this is stable coins is making their own digital money which I think China's CBDC is trying to do. Any crypto coin whether it is stable coins or not this will not remove the fact that this will not replace Fiat, they could coexist yes but replacing each other I don't think so. |
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I think trading is also a profession. Such experience and knowledge is required to do the job. In order to trade, you need to have experience and knowledge about trading. Trading is more risky than a job, if you don't have trading skills you will end your trading journey very quickly at a loss. I saw a lot of traders who thought trading was like gambling and they started trading with the idea of making a quick profit.
But it didn't take long for them to realize that their thinking was wrong, because they lost their capital so quickly. So I think you have to think of trading as a profession and read a lot about trading to develop your skills.
Well, I also believed that trading was a profession because if you will define profession it is a paid occupation founded by trading and proper qualification in which can be compared with trading where you must have fully trained and have enough experience to be called "professional trader". However, I don't think trading is riskier than a regular job because it is all risky in its own way it couldn't be compared because it depends on the situation you were in. To be honest I don't really care if trading is a job or not because as long as you are good at it and having enough income with that is all matters. |
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HODL isn't an easy thing to do. Most of people don't even HODL actually. The real HODLer is never sell any of your coin, despite how bad the news on market, dump on market, or anything else. You simply don't care about those news and just keep HODL your coin.
If your coin already made your 10x or 20x profit for you, you must be gotta sell it ASAP. Just simply buy and HODL your coin for 1-5 years isn't even HODL, that just investing.
I partly agreed with your statement that holding is sure difficult to pull off especially if you cannot control your emotions. Upon holding you must not be swayed by bad news and small pumps, the reason why we hold is that we want to achieve something big not just a small profit but if you got swayed by little changes that won't be called a HODL anymore, perhaps it is more like a trade or something. However, regarding your last statement, I don't think HODL doesn't work that way where you set a specific time for you to call it a HODL because I believed that HODL is about setting a huge goal or target maybe like a 10x profit or more regardless of how much time you hold it. |
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In altcoins, I don't know what the impact could be, it could be positive for those who own them, but I think that Bitcoin would work as a safe haven just like gold does, but Bitcoin would have a much more ascending value, the current pandemic has shown that Bitcoin is the currency that can combat all adversities in the face of the particular needs of people, the world in a panic-filled collapse has shown that Bitcoin rises with great ease, perhaps it is because of the closure, or perhaps because of the ease that it represents to send, receive, transfer money through the Blockchain network. , it is much better than a bank that requires permits to move our own money.
The banks are the ones that are going to collapse, if they don't stick to Bitcoin to offer financing plans with Bitcoin, they will not survive, I think that fiat money is the bubble that is about to burst.
I believe bitcoin skyrocketed during the pandemic due to the fear investors had and have regards their fiat economies. Pandemics like this show how fragile our financial system is, especially because our governments deal with it in a artificial way, always thinking on short run, but never thinking on how to prevent problems on long run. As you said bitcoin proved to work as a safe heaven for everyone around and now it looks like bitcoin and crypto in general became unstoppable. The tendency is that the adoption, especially from institutions, increases in higher proportions from this year on. I kinda agree on this one. Remember when to pandemic hit the stock market almost got crippled because of the temporary closing of their business hence investors look for another asset to save their investment and I believed Bitcoin became their safe haven. If you will go look back Bitcoin was not fully affected by the phenomenon but rather it's getting more attention leading the large institution to venture into crypto. So I don't think the financial crisis would not entirely affect the crypto. |
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Like many bitcoiners im one of the people who didnt bought bitcoin at 6000$ or even 15k or 20k$ and i wonder if its possible to see bitcoin in at least 20k again
If no should i buy now or wait more to get lower price ?
In my opinion, bitcoin was volatile hence the price changes over time or demand and supply also a factor so every time is an opportunity to buy, however, if you saw an opportunity to buy at a cheaper price then go for it. Regarding if Bitcoin will go back at 20k again, honestly no one exactly knows perhaps it could if big investors dump all of their holdings and make a profit. You could purchase now though but you gotta hold it for the meantime until we break the resistance because BItcoin will definitely surge up. Anyway, do your own research first if you find it good to enter then go for it, it's your call after all. |
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Currently, I've been using trust wallet and Safepal, these both mobile wallets are partnered with Binance. This both wallet has a built-in dAPP browser in it so it would be easier to swap tokens. And it is easier to switch networks in the wallet because it supports multiple networks. So far I haven't encountered any issue upon using it and I believed both trust wallet and Safepal are the most preferred by the users when it comes to the Binance Smart chain so I would highly recommend these two.
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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.
This isn't advisable but worth the risk for me if I were in this situation because we already see how bitcoin pumps over the years. My advice about your trading journey is to take a break but don't stop learning. Stop trading for a while go study more and then come back stronger. And having a change in your mindset will be a great thing. Never be in the mindset of recovering losses after a losing trade because you will surely lose more. Just accept the loss and forget it no matter how big it or small it is always start with a fresh mindset before you do each trade. Having the same thought. You don't actually need to quit trading just because if big losses instead take a break and cool your head off. Besides chasing losses is never been good, yes there's a possibility you can retrieve it back but most likely it will just make things worse so forget it. You lose part of your money forget, you will get it back eventually 2 fold or more without noticing. Emotions do matters when it comes to trading that is why you should learn to control them otherwise this will be a trigger to your loss. But if you think trading isn't for you then call it off and look for something you are good at, it is better to know your limitations after all. |
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Hello. I see different platform like nexo, blockifi, etc... that can borrow you crypto or stablecoin. I'm here to ask if you have a strategy for example you borrow btc with an interest rate of 6% and then you use it on defi with 8% APR. Thanks for helpful.  I would not recommend taking a loan to invest with crypto regardless of how much profit you can get from it because is still risky as the coins are volatile yet we don't know exactly whether the coins are going to increase or not. You can risk it though but make sure you have a plan and it might bring a profit, however, you must also prepare for the worst because once the market turns out against your plan then you will use your own money to cover up that loan. Besides, I think it is even the rules in investment that never to take a loan nor invest the money that you cannot afford to lose. |
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