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Messages - emmybd

Pages: 1 ... 6 7 [8] 9 10
106
Cryptocurrency Price Speculations / Re: Ethereum will rise again
« on: January 24, 2021, 08:35:03 PM »
Ethereum is a very good project and the second best cryptocurrency. Although, it's price has increased over the past few weeks. But. in my opinion, it's still quite low now. It's worth much more. I think it should be around 5k.

107
Forex, being the largest market in the world with a turnover of $6 trillion daily and high liquidity, has the upper hand to cryptocurrency, which is a newcomer in comparison with $10-20 billion on the daily.
Crypto isn’t considered a great medium for investing assets worth billions of dollars due to the enormous fluctuation rates, and that is caused by its low liquidity. Forex has components within it, which allows the user to control their own leverage.
Furthermore, the crypto market is washed with news which may affect trades with an increasing tide of volatility. While Forex has a fixed and in-built currency price, its spread shows the difference between selling and buying prices of the currency.
Forex has a lower transaction cost which leads to a lower commission fee. Nevertheless, what is more profitable to you is upon your own preference and circumstances.

108
Most of these new traders are impatient and they want quick profits, which is not possible. They have primarily entered the market for this purpose. They lack knowledge and experience in this field, so they fail.

109
I am not a Trader,In fact I don’t trade too much time when I can only exchange currency for withdrawal then I only use trade.  But what do I need if I want to be a professional trader ??  How can I learn trading from beginning to end ??

Well, you have to keep an eye one the market all the time. At the same time, you have to gradually learn technical analysis. You have to find someone who is expert in this field and learn from him. There are plenty of youtube videos about technical analysis, you can watch those. It will be a great help for you.

110
Many countries including Venezuela, China, USA, Russia and others are planning on launching their own cryptocurrency since the growth of Bitcoin has caught the public eye. The difference between the decentralized and centralized cryptocurrency (CDC) lies in ownership or lack of it thereof.
The anonymity, maintained in decentralized currency, is one of the major factors which has attracted mass attention. The dearth of privacy in CDC, meaning that the government and anyone in the system can view the transaction details while controlling and denying it if they want is probable. Governments, possibly insecure of their future in the national economy, due to the mass adaptation of cryptocurrency have decided to join the game.
Even though Russia has an intent of taxing its black markets through its cryptocurrency, not all intentions are malicious. Using CDC is going to be much cheaper than using credit cards or paper money, due to the lack of middlemen. Another benefit of the CDC may be that interest rates may be altered, according to personal needs.

111
Cryptocurrency discussions / Re: Do not Invest while market is UP
« on: January 14, 2021, 08:50:37 PM »
if you are trader and want to earn some profit from your investment its not a good time to step in while market is up. you  must wait for the right time to invest .
 it is human nature that when we see any thing going up we want to get the profit from it . in my opinion we need patience and endurance .

Well, it's the right thing to do. But, as far as bitcoin is concerned you can take some quick profit even when the market is up. It is not suitable for newbies, only expert traders can take such risks and be successful.

112
Cryptocurrency discussions / Re: Are you selling now?
« on: January 07, 2021, 05:15:28 AM »
Well, Bitcoin has certainly reached to a level where you can sell. I believe that Ethereum is still low. It has got the potential to touch 4k or 5k, so I am still holding it. As far as, other altcoins are concerned some of them have started to increase, so it is not the right time to sell.

113
Voting / Re: Time to buy?
« on: December 31, 2020, 08:14:14 PM »
Nobody knows the best time to buy altcoins. As the price is keep getting down and down with each passing days. But, you can definitely put some money in the market. Who knows when the things get reversed.

114
Cryptocurrency Trading / Re: What is Your first invested Coin?
« on: December 24, 2020, 06:35:19 AM »
Actually, I got involved in Crypto a few years back, at that time no other coins were that famous except Bitcoin and Ethereum. So, I invested in these two coins and made some profits. After that, I have also invested a few altcoins and made some good profits.

115
DeFi tokens / What is Decentralized Finance (DeFi)?
« on: December 23, 2020, 09:21:55 PM »
DeFI, or “decentralized finance,” a term for a decentralized method of transacting through blockchains ( technology serving the bitcoin). The system isn’t particularly controlled by a single or central source, which allows the trader full authority and control over their transactions, making it as fast as they want them to be. Several entities are given the right to have the history of transactions.
 
DeFi can be more unique for blockchain uses and may be extended from simple transactions to complicated cases. In cryptocurrency trading, many assets like Bitcoin and other alternatives remove middlemen, for the extra layer of privacy. A regular credit card usually has an institution going over the transfer and recording it in their private ledgers, the institution has full power to cease or pause the transfer as well. Using bitcoin may save your transaction from being interrupted, this way.

116
Cryptocurrency discussions / Re: Should we sell Bounty rewards?
« on: December 21, 2020, 04:32:50 PM »
Well, it would be better to hold your bounty rewards as long as possible, because a few of these projects are good and the rest (the majority of them) are just a scam. But, instead of a negative approach, you have to think positive and continue to hold them. Who knows, you will get good rewards for your patience.

117
Ethereum Forum / Why Ethereum is The Best?
« on: December 19, 2020, 08:28:52 PM »
Ethereum was invented to create a more diverse application for financial cases. Ethereum’s use of smart contracts created a touch of mastery to the technology, as transactions are based on different conditions. Smart contracts give access to more freedom in transactions due to its connection to the blockchain which forbids interruption of any kind.

 Bitcoin may be more renowned however, Ethereum has risen as a powerful adversary, with greater applications and more powerful technology. Another advantage to Ethereum is its seamless and swift pace of transactions. In spite of the power of smart contracts and a wide range of applications, there’s room for the occasional slip due to the fact that it was still coded by human beings. And for that, is a solution in Ethereum itself, that it can be re-coded when a consensus is reached between users.

With Ethereum’s cutting-edge technology, the time won’t be too far when Ethereum takes over the digital marketplace.

118
Bitcoin Forum / Re: Is bitcoin more important than gold?
« on: December 19, 2020, 07:40:18 PM »
Bitcoin is an asset with a limited number, only 21 million of this asset can exist. More than a century will take, to mine the last bitcoin due to the fact that its blockchain reduces the mining rewards at specific intervals. Bitcoin’s market capitalization is $230 million, while that of gold is $9 trillion. Bitcoin’s market capitalization, being at a low signifies its value to increment in the future, making it the strongest asset in history.

The volatility of bitcoin is usually high, while gold is a more stable adversary, and it gives itself a better hedge. Because the remaining $230 billion bitcoin’s annual supply is at a low($5.58), compared to gold’s supply, it is less likely to be wiped out by the world economy. The value of bitcoin will proliferate when the need for safe-haven assets hikes and gold, then, will fall behind.

119
Bitcoin Forum / Re: COVID-19 Increased Bitcoin Adoption
« on: December 18, 2020, 08:42:55 AM »
Covid-19 has started up a crisis in various parts of the world and thus placed people in a position to look for a better store of value. Bitcoin has been looked on as an ideal solution to their problems due to its reliability. Bitcoin has risen in this pandemic and is considered a haven.

Many dividend stocks have been affected, slashed and their pays have been discontinued. Unemployment hiked as businesses failed like real estates, travel, and hospitals. Thus, store value experienced a massive need. While the 46% felt unsure of their financial future, more money was invested into Bitcoin. Uncertainty which has been enveloping the USD and the global economies plummeting ascertained that Bitcoin has a stable store value, making it a gold standard, reassuring its potential for the long-term as well.

120
Bitcoin Forum / Re: Do you think bitcoin can end the dollar’s reign?
« on: December 17, 2020, 02:37:58 PM »
Since the pandemic, the usage of bitcoin has risen and its purchase has been done in bulk, in fear that the currencies led by central banks may be debased. People who have just seen the rise of technology and might not be that accustomed to it may have a few eyebrows held up, in suspicion and prefer to invest in gold instead. Nonetheless, bitcoin’s fluctuations often led its price to rise above that of gold twice or thrice its price.
Even though the majority still aren’t using any cryptocurrency, the number is hiking.  Which may be due to the dollar’s shortcomings, as the debts of the US has exceeded 50% of its economic output and continued to borrow throughout the lockdown. With the incrementing distrust in the dollar increases the trust in bitcoin so many businesses are starting to use bitcoin for trading, especially in places where the dollar is a difficult medium to use. PayPal has begun to start storing bitcoin as well. If the US doesn’t manage to improve its conditions, bitcoins’ will certainly accelerate.

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