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Messages - Domithra

Pages: 1 2 [3] 4 5 ... 94
31
The governments cannot stop Bitcoin because Bitcoin is not centralized. No central authoritative body is in total control over Bitcoin and its related activities. This is what makes the usage of Bitcoin a unique one - it takes that power from the governments and give it back to the people.

32
Although altcoins have created great awareness to the crypto space due to its numbers on the market, Bitcoin will certainly survive without them. Bitcoin has its unique features and services it renders just as any other coin and this is what creates the demand for it.

33
Cryptocurrency discussions / Re: Why Do You Choose To Hold
« on: June 17, 2019, 03:05:24 AM »
The reason to hold a coin is basically ascertained after performing an extensive study on the project and coming up with the potentials and capabilities of the project. Some coins are worth holding after finding out its potentials whereas others are worth trading with on the short term basis.

34
Every investor or trader who bought the dip during the long standing bear market of 2018 is expected to be gaining about 70% or more profit by now unless they bought shit coins. 2019 has seen incredible spikes in the prices of most of the valuable coins especially the large cap coins on the market. And from the set pace, it appears there are more increase ahead, hence there are still chances to buy and join the train of profit making.

35
Cryptocurrency discussions / Re: Can we trade without loss?
« on: June 13, 2019, 05:09:33 AM »
everyone must have done trading, and I often do it too,
it's just that I often get questions, can we trade without loss?
I definitely answered "can't", because loss is an unavoidable thing, but it can be minimized so there is not much loss.
Be different, avoid loss and minimize loss.
then what do you think?
agree with me or is it different?
give your opinion in the comments column.
Failure is something that cannot be avoided all the time, not even the experts of a particular field have such perfection. Lessons are normally learned from our failures and from there new strategies are drawn to limit future failures and maximize profits. The same principle applies to cryptocurrency trading. Loss is bound to happen but it becomes abnormal when it becomes a habitual event.

36
Holding is a good strategy to earn profit from crypto yet trading yields higher returns. Traders especially Day-traders are always on the move to make profits irrespective of the market trend. Imagine a crypto Day-trader making a $50 profit everyday and a holder making a $1000 profit at the end of let's say a year (Some holders do not earn anything even at the end of the year due to the hodling of shitcoins).
What matters is the ability of the holder to choose the right coins to hold in order not to waste time on worthless coins because not all coins are capable of surviving on the market.

37
Bitcoin Forum / Re: Has Bitcoin performed realy well?
« on: June 11, 2019, 03:11:35 AM »
There is no doubts about the incredible performance of Bitcoin since its inception. Being the first cryptocurrency, Bitcoin has faced several issues ranging from individual acceptance to governmental acceptance. Now, Bitcoin is the top leading cryptocurrency with a price almost $8K. It is has become the standard for measurement of value for most coins due to its pairing to almost all coins on the market.

38
Bitcoin Forum / Re: Invest in Bitcoin or Bank?
« on: June 10, 2019, 05:23:28 AM »
Bitcoin is good opportunity as an investment only if the price is under crisis. During this time the many are selling their bitcoin at lowest price and a good chance to buy if you want to invest but during bull run is not rather it is better to put your money in the bank and wait the dip if you really want to put your fund in bitcoin.
Of course, the best time to buy Bitcoin is when the market price dips because it sells at low price during these times. Anyway, why do you prefer to save in the bank when the market has hit bull run? Is it a strategy to stop losses or profits?  If this is the case, then converting funds to USDT (Tether) is much better because Tether is not affected significantly by the market trend and is the save haven for investors when the market trend is quite unpredictable.

39
Well, in my country, businesses accepting Bitcoin as a form of payment are very limited yet there are merchants and escrow marketers who make trading with Bitcoin (Crypto to fiat and vice versa) much easier. The merchants companies including cofred and eccurrency allows users to pay TV satellite utility bills and also to buy mobile phone airtime.

40
Bitcoin Forum / Re: Is bitcoin money?
« on: June 06, 2019, 02:34:02 AM »
Bitcoin goes beyond functioning as money. Depending on the holder's choice and intentions, Bitcoin can also function as an investment. Bitcoin is the most diverse form of making financial transactions in our contemporary world. Bitcoin has evolved out successfully to become the standard of measurement for almost all the coins on the market.

41
There are very limited number of businesses utilizing cryptocurrency services globally. However, it is apparent that the number of businesses harnessing crypto have increased in number now. With time, more business will join as big companies like Facebook has announced its intention to create its own coin.

42
Trading is one of the best ways to make money in crypto. Cryptocurrency day-trading is one branch of crypto trading that has good ratings especially when the trader has mastered all the principles with which it works. Day Trading comes with daily profits and by the end of the month, a huge sums of money can be earned.

43
Cryptocurrency discussions / Re: New coin are scam nowadays
« on: June 03, 2019, 05:02:01 AM »
Yes, there are many scam projects that make tokens that have no value. they could manipulate the market to register their tokens on the coinmarket cap. This is very detrimental to investors who do not know the project.
A scam project getting its coin listed on coinmarketcap? This is quite weird and new to me. Normally, scam projects do not even reach that stage because most of them do not have working product and end after the token sales where the project makes their money. Anyway, investors must be cautious and always alert about this and must be ready to do their own personal research on projects before investing in them because it is a free market and there are no fixed regulations to check scam projects for investors.

44
Bounty hunting and crypto investment works with the same principle because both comes with the attainment of cryptocurrency after working for a project for a number of days (bounty hunter) or purchasing the coin during the sales period (investor). After attaining the cryptocurrency, bounty hunter and investor become holders of the coins. From here, a holder of the coin may choose to hold the coin for a long term or short term based on the market situation or capabilities of the coin. Bounty hunters chose to hold for long term during the bear market of 2018 because that was one of the best strategies for both investors and bounty hunters who could not do day-trading.

45
Cryptocurrency discussions / Re: Does Luck works in Cryptos?
« on: May 30, 2019, 04:57:58 AM »
Luck works in every field but the question is, how long can the luck help an investor in crypto? A good investor who seeks to make enough profits cannot base his entire crypto investment on sheer luck, unless he wishes to risk all the capital. The best tool to use in crypto investment is "DYOR". Do Your Own Research (DYOR) has worked perfectly fine for most outstanding investors and has become one of the great advises from investors.
Personal researches grants information which allows the investor to make informed choices and out with the capabilities and potentials of the coin or project. All the choices will then be based on fine analysis since the information is available.

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