Quote from: JoyMarsha on May 04, 2024, 11:15:09 PM

Quote from: AvatarSiri on May 04, 2024, 07:47:57 AM

Quote from: JoyMarsha on April 25, 2024, 11:50:26 PM

It's wrong for one to use loan money to invest in crypto. Using loan money to invest in crypto, totally means that one knows the future of crypto they are investing into, which can't be possible

I believe that there will be people who are going to invest in crypto with loan money because of the upcoming bull run, but whoever does so, should first think about how much loan they are taking up and the time for the loan to elapse. If it is after 2 years, take up a payable loan and invest in bitcoin and sell off around 2025, but if the loan is within 2 years, it will not be wise to take up loan money to invest in crypto.

I couldn't agreed more.. in crypto, invest in what you can loose..not using loans

I don't support or encourage the use of loan money to invest in crypto. But there might be some people who may have the intuition to invest in crypto despite that, due to what they have heard about the bull run giving many profits to investors who will be investing in bitcoin and some other top coins.

I think it depends on the nature of the loan obtained, the terms of obtainment and also the repayment terms. And also it depends on the kind of coin you intend to purchase or invest in, although even if one eventually decides to go through with investing with loan money, one should always consider the volatility of the crypto market and also weigh the risks involved in crypto investment.
Again, it's advised never to invest what you cannot afford to lose, if the loan money is what you can afford to repay via other revenues, should incase the investment happens to crash or takes longer than anticipated before maturity, you won't get caught in the dilemma.

That is true. But if you are good at forecasting the market and you prove it many times that the price of a currency will go up high in this kind of market structure, then go. All types of investment has risks and we all know that cryptocurrency is volatile, and that volatility is the reason why people get rich instantly. So if you want to invest in a clever way, you should know that you only invested solely to Bitcoin.

That's right, a demo account will help beginners so they can learn how to start an entry, place a stop loss or place a take profit. Because it's impossible for us to immediately enter a real trade even though we don't know what we should do.

It can be learned on a demo account. There may be more complicated levels such as indicators and such, but we can do that slowly. There are also many beginners who end up becoming good traders starting from learning on a demo account.

I believe that each tool has its own value, and each user can explore and use it in their own way to maximize that value. Demo accounts are also similar, they may be unnecessary for many traders, but they are still useful for me to track the market and test new trading methods that I have access to or that I have developed myself based on advances in data analysis. For me, a demo account is a great gift that CEX or TradingView platforms have created to promote the development of the market, even though they initially just wanted to have more users and trading volume to earn more profits ^^

Seen another one today at Twitter, its really getting rampant these days, a lot of attention towards bitcoin these days so its easy to say what to like and what not to like. I feel like its quite obvious that we are going to have something that will benefit everyone. I think all of this profit making in the crypto world, or at least the possibility of it, made all the scammers come out of their hiding places again, so the yare trying to make it work one way or another. I think its clear that we are going to have a lot of people who will be scammed, either ponzis or some other method, its not really that great unfortunately.

I think this has been an ongoing battle for us crypto enthusiast to stay away or at least from our experience, not to be trap by this ponzi scheme. Around 2018-2019, lots of my friends are asking me about Bitcoin investment and the returns that was promised to them by someone from facebook. I said that was a scam and don't fall for it.

And it you look at facebook as one example of social media that has been taken advantage of the criminals, you will found out that there are a lot of groups or even some random and burner account messaging us and then trying to pull that scam.

Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.

Yeah, Ripple has continued to maintain its business model over the years, the only thing that may change is investor expectations for an XRP price increase. I believe that's the only reason they've turned to buying and holding XRP for all these years, everyone wants to make big profits from XRP like what happened in the bullrun 2017.

The current crypto market is bustling and there are more opportunities, both BTC and ETH are more attractive than XRP in terms of security and profitability. In addition, we also have SOL, AVAX, DOT, ATOM, SUI, SEI... which are very potential new projects and worthy of being chosen for the portfolio over XRP. Anyway, the investment decision is up to each individual, I still see some potential and opportunity in XRP.

Ethereum and BNB both are very good currency in cryptocurrency market. Once upon a time Ethereum platform wes very popular but for It's high transaction fee it lost his popularity. On the otherhand BNB network transaction gass fees are very low, and very smooth so people takes BNB positively. I also love BNB now, it is very popular to all of us. Moreover BNB is asst of Binance so it is more trusted to investors and traders. So i think popularity of BNB increasing day by day.