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Messages - Senocular

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16
Cryptocurrency discussions / Re: Could massive crash impact stable coins?
« on: October 04, 2022, 01:36:29 PM »
As stable coins are backed up by fiat currencies, commodities, or any other valuable trading asset with a fixed value, stable coins are least likely to be affected by any market crash. However, if the asset to which the coin is attached crashes because of its own factors, then the stable coin might crash.

17
The Russia-Ukraine War has had both a negative and positive impact on cryptocurrencies. The war made the crypto market more volatile, and even caused a temporary crash when Russia regulated and restricted cryptocurrency trading in the country. However, the war increased crypto transactions. Supporters contend that cryptocurrency gives common Russian and Ukrainian citizens a place to deposit money and a means of exchange, which might lower the humanitarian costs of the sanctions for the war. They also emphasise the value of cryptocurrency as a complementary form of payment for donations to the Ukrainian government.

18
Cryptocurrency discussions / Re: Welcome to the Bear Market.
« on: October 04, 2022, 01:30:44 PM »
The word "bear market" refers to when the market is in decline, when investors are selling rather than buying, when supply outnumbers demand. A bear market occurs when prices continue to decrease for an extended length of time. If you're a long-term investor, the bear market should be viewed as an opportunity because it allows you to buy in at a cheaper price. That is, of course, assuming you believe the price will rise again.

19
Cryptocurrency discussions / Re: Trading and Hodling
« on: October 03, 2022, 11:50:44 AM »
Investing is a long-term strategy with lower risk, whereas trading is a short-term strategy with high risk. Both make money, but traders frequently make more money than investors when they make the right selections and the market performs well. In my opinion, only those traders who are experienced and can handle the market volatility well should be trading. Those who are newbies should focus on holding. You don’t have to worry about minor market movements when you’re holding.

20
Cryptocurrency discussions / Re: What will Bitcoins be worth in 2025?
« on: September 28, 2022, 11:47:13 AM »
I think that Bitcoins might be worth more than $40,000 in 2025.

The reason why I think this is because there are a lot of people who believe in the future of bitcoins and they are willing to invest their money into it.

There is also a rise in the number of bitcoin trading platforms and exchanges as well as other cryptocurrencies. This means that people can trade their bitcoins for other cryptocurrencies such as Ethereum or Litecoin. The price of these cryptocurrencies is going up at an increasing rate every day.

21
Cryptocurrency discussions / Re: regulating cryptocurrency
« on: September 28, 2022, 11:42:43 AM »
Many governments are not regulating cryptocurrencies because they don't understand it. According to them it is just about money laundering, tax evasion and terrorism, when in fact it is much more than that.

Cryptocurrencies are a new way of doing business and many people are trying to figure out how this new world works. Some governments want to help their citizens but others don't.

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