Well we all will die and just like we figure out about how our other assets will be put to use after our deaths, we do regularly check on our crypto as well. It might sound okay to reveal important information to family about how to access any crypto in any wallet or exchanges we hold. But we never think about death so it's really very important thing to consider, considering how people can die at any time and at any age.

Losses and gains are parts of trading and businesses. One can't have gains all the time I guess if I invest and get into huge losses, I might just have patience and hope for price to go up. It is wise to invest in stuffs by doing research I guess than to regret later since lots of scam and useless coins have been there I think that burnt peoples' money. But for genuine losses, it is patience until it recovers

Quote from: ayydil on July 19, 2024, 06:00:09 AM

I guess when we will be using crypto for payment, either separate coins on separate chains will be created or we might use the popular ones like stellar which has so low fees. Definitely it will play a role on determining which coins we might use to transact since as you said, no one likes high fees, and specially for transactions, if we wanna buy something that costs $5, and if fees is $10, it will be terrible!

In my opinion, gas fees will increase according to coin prices and market traffic at that time. If traffic is busy and the market increases, it is certain that gas fees will increase. This will be a problem for small investors because the profits are small, but those who have large assets will never mind high gas fees, that is the reality we see in the market.

That is kind of true that price of the token and coin itself will increase so technically gas fees will also be higher in terms of compared to fiat value. But then there might be some stability in the coins so even though the price might be high, we can explore coins and choose the most convenient coins to pay. It would be interesting to see how that might happen.

I do think whales might influence the prices of crypto since it is so volatile and depends on speculation and demand is created in a big manner on basis of just that I guess. I do believe someday we will use crypto for transactions and that time the prices of crypto will be kind of stable since it will be largely dependent on market prices of goods and services. But people holding big amount of crypto or stocks, they can influence the price in a way since their purchase and losses might ignite FOMO in people.

Quote from: ayydil on June 06, 2024, 06:21:36 AM

I don't like P2P because of the obvious scams which are going there. Still, if required, will choose a verified merchant with lots of past trades with good number of ratings even if his price demand is little bit high.

That doesn't guarantee everything, even old members there will try to scam you if they sense they can get away with it, one huge scam might be better than 100 worth of trades in terms of revenue for that guy!
The best way to deal with those is to never deal with payments that can be reversed and never release the escrow before you have the money, never! If you follow common sense and the instructions most of those p2p2 are put up exactly for your safety there is little that can go wrong.

Problem is most fiat P2P methods can be reversed, be it bank transfers, PayPal, AirTM. Unless the governments accept crypto P2P trading as something as legit business and orders the financial institutions to allow scrutinizing a case of crypto trade before taking action like chargebacks or fraud allegations, there will be problems. Best is to avoid P2P or use it for doing smaller trades with little amount so there will be less chances for getting trapped into any frauds.

I think gold is a great investment in todays time, specially after the global pandemic. Personally, if I had spare funds, I would rather put it in gold than to keep it in cash because of inflation here. Might expect better returns from it than many stocks as well.

Learnt to have lots of patience Even though crypto is more volatile than stocks, still in it, if you want to get profits, you surely need patience and practice in trading, without that it is just not gonna work. Other things like how not to panic and how dip is an opportunity is something one learns through experience.

Kinda funny now that price of litecoin is around 100$ only. Sure, it can be a good investment that might give us good returns, but taking its past all time high and other factors, I believe there are other coins that one should invest which have the potential to give better returns. For me, I think we can see at least litecoin hitting 500$ as ATH in a bullish run which is 500% return, but then again, we don't know exactly when that will happen.