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Author Topic: Does cryptocurrency have a future  (Read 213 times)
gmhingoro912 (OP)
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September 11, 2022, 06:46:14 PM
 #1

Hello, community as you know everyone is going to believe in cryptocurrency for maximum gain, selling his physical properties and investing in digital coins 🪙.
So what do you think about cryptocurrency it has worth it or not...
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September 12, 2022, 03:41:51 PM
 #2

Selling physical properties? Who is this stupid? No one should do that!

Bitcoin and ETH has a great future. But if you are referring to any other cryptos, that will not be same. We have thousands of cryptos today in the market but no one could beat bitcoin or ETH. So if I have to hold on to a crypto for future gain, that will be bitcoin and ETH for me and nothing else to be honest.

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September 14, 2022, 02:41:23 AM
 #3

The important thing to remember when you enter the cryptocurrency space is that invest what you can afford to lose. I would never recommend anyone to sell their property and invest in cryptocurrency.

The top 10 cryptocurrencies according to the market cap on CMC have a bright future ahead. As @avikz said Bitcoin and Ethereum have a bright future which is true but I would like to add BNB also on this list. Backed by the biggest crypto exchange it has a big ecosystem like Ethereum. In this space, it is always advised to do your own research as it is your money that you would be investing, so choose wisely rather than following recommendations from other.

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September 14, 2022, 11:57:18 AM
Merited by pakhitheboss (1)
 #4

Cryptocurrency is just like the Indian share market but with lot more volatility. You can still borrow some money and invest in the share market but in crypto market if you do the same you will get duped. Unless you are someone who can forget what he invest i wouldn't recommend investing in crypto market.

Apart from Bitcoin I don't think any other cryptocurrency is worth the time and money. Start with small monthly amount like a self made SIP and continue to hold until you think you have achieved your profit margins. I am a believer of long time hold than trading and i would say you do the same as it is less risky.

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September 15, 2022, 05:22:13 AM
 #5

Cryptocurrency is just like the Indian share market but with lot more volatility. You can still borrow some money and invest in the share market but in crypto market if you do the same you will get duped. Unless you are someone who can forget what he invest i wouldn't recommend investing in crypto market.

Apart from Bitcoin I don't think any other cryptocurrency is worth the time and money. Start with small monthly amount like a self made SIP and continue to hold until you think you have achieved your profit margins. I am a believer of long time hold than trading and i would say you do the same as it is less risky.
First of all I loved the way you compared and explained in the first paragraph. Second there are other cryptos in the market that have good potential. Bitcoin certainly is a good investment option to begin with and it is not the only option left at the moment.

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September 15, 2022, 05:56:40 AM
Merited by hugeblack (4), pakhitheboss (1)
 #6

Hello, community as you know everyone is going to believe in cryptocurrency for maximum gain, selling his physical properties and investing in digital coins 🪙.
So what do you think about cryptocurrency it has worth it or not...
This idea is not too good in my opinion. Well, if I am to answer your question I would first of all ask you what you mean by cryptocurrency. If you're talking about btc when you say crypto then I will say it worth it but not actually selling physical properties due to high volatility of crypto. But if you are referring to some other coins when you say crypto then I will say no and no. It doesn't worth selling physical properties for at all.
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September 15, 2022, 01:34:14 PM
 #7

Hello, community as you know everyone is going to believe in cryptocurrency for maximum gain, selling his physical properties and investing in digital coins 🪙.
So what do you think about cryptocurrency it has worth it or not...
This idea is not too good in my opinion. Well, if I am to answer your question I would first of all ask you what you mean by cryptocurrency. If you're talking about btc when you say crypto then I will say it worth it but not actually selling physical properties due to high volatility of crypto. But if you are referring to some other coins when you say crypto then I will say no and no. It doesn't worth selling physical properties for at all.
The idea is not good for someone to invest his/her hard earned earnings into cryptocurrency. But the perception about cryptocurrency in India remains the same. In India a lot of people either understand it as a quick way to get rich. Thanks to a lot of MLM companies that have used Bitcoin as their primary product. Eventually it is a scam but as a Indian I would believe it if one of the MLM leader had a discussion with me as I am a newbie.

This is happening to date and I know how it is happening. The problem is I we cannot report it as their is a long struggle to just get an issue debated with the sick indian judiciary system.

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September 16, 2022, 03:35:11 AM
 #8

Hello, community as you know everyone is going to believe in cryptocurrency for maximum gain, selling his physical properties and investing in digital coins 🪙.
So what do you think about cryptocurrency it has worth it or not...

Inanimate crypto that is operated on the internet network, is actually not crypto that has a future, it is crypto users who determine the future of crypto, for example investors, users, teams and also the community itself.

We know, the internet has a future because of human activities, be it the system or how to use it, the same as crypto, if they make development goals for the future why can't everything happen.

BTC
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September 18, 2022, 06:54:48 AM
 #9

The idea of selling a physical property to buy cryptocurrency might be tempting but there are things that should be considered before doing this.
Physical property is a good diversification of portfolio and buying a good physical property with good appreciation value is hard.
If you have such a property then it's better to hold it for long term since it provides a good diversification since it is stable and secure asset.
Also, crypto is volatile and so it is better to keep investing in it at regular intervals to get a good average price.
People get in a panic when they invest a big amount and start seeing it depreciate as the market dumps.

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September 21, 2022, 02:58:55 AM
 #10

I think with the kind of digital inclusions happening cryptocurrencies have great future. While ETH has evolved into a POS currency. Bitcoin continues to be a POW currency. It will be great to see how these currencies now perform on 2 divergent paths..

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September 21, 2022, 04:15:43 AM
 #11

I think with the kind of digital inclusions happening cryptocurrencies have great future. While ETH has evolved into a POS currency. Bitcoin continues to be a POW currency. It will be great to see how these currencies now perform on 2 divergent paths..

They both are totally different and yet unique in their own ways now. While the Ethereum ecosystem has been growing for quite some time now but its fiat value has not. Bitcoin on the other hand has grown because of its USD value which made many think it might be a way to become rich quickly. But in general, both have a chance to become the decentralized currency of the future.

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December 11, 2022, 10:05:19 PM
 #12

Investing in cryptocurrencies for the greatest possible returns does not need one to sell their physical properties first. It's never a good idea. Anyone who does so does so at his own risk. Instead of selling your physical assets, invest in what you can afford to lose.

Bitcoin and other top cryptocurrencies are the only ones that guaranteed us a secure future provided we made the proper investments. By diversifying our investment plan, you achieve that. as 40% altcoins and 60% of bitcoin.

libert19
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December 25, 2022, 03:54:38 AM
 #13

Selling physical property? No. I like to have roof over my head, plus coin hodling is more prone to security breaches and vanishing in thin air than a physical house.

However, I am beliver in crypto and see it's long term potential. If your finances allow so, it appears to be good time to invest.

'Risk hai to ishq hai'.



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maxtra
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January 22, 2023, 08:33:35 AM
 #14

Hello, community as you know everyone is going to believe in cryptocurrency for maximum gain, selling his physical properties and investing in digital coins 🪙.
So what do you think about cryptocurrency it has worth it or not...
Ensure that the seller is not foolishly selling their current place of residence.

Selling physical property to invest in cryptocurrencies is a personal decision that depends on an individual's financial situation and investment goals.

Investing in physical property, such as real estate, can provide a steady income through rental income and potential appreciation in value over time. On the other hand, investing in cryptocurrencies can be very volatile, the value of a particular currency can change rapidly and significantly.

It's important to consider the relative stability and potential return of the two investments, as well as your personal risk tolerance before making a decision. Additionally, you should be aware of the taxes and legal implications of selling physical property, as well as the tax implications of investing in cryptocurrencies.

It is always recommended to consult with a financial advisor or tax professional to understand the implications of selling a physical property and investing in cryptocurrencies. And also, to diversify your investments, not putting all the eggs in one basket.

The important thing to remember when you enter the cryptocurrency space is that invest what you can afford to lose. I would never recommend anyone to sell their property and invest in cryptocurrency.
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