(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.
Topic: Cryptocurrency, now a fast rising trend! (Read 519 times)
I don't know if I am being negative but all this doesn't sound quite right to me. People entering into all these shitcoins to make quick bucks. These are really the worst type of people you want in the crypto market. They will just make the market more volatile. Yes they might give us a fancy chance to sell our holdings at a good price but in the end they would eventually suffer short-term losses and will then curse the crypto market for life.
(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.
This is absolutely true people think holding something like SHIBA INU will make them billionaire now. It's really a shit coin and was intended to be a shit coin it has given the required returns to its creators and some early investors. Putting hands in it is like burning yourself on your own.
(C) Hodling a cryptocurrency with no definite plans in mind might not make you rich. You might just have your initial capital dancing around a range of figures.
(b) Most times, only the rich can get richer from trading. Sounds very controversial, but think of this, if two friends follow a signal and enter a trade, one with $50 and the other with $500. If everything works out well, both will be in gains, but the profit margin of both individuals will be different. This Illustration further supports the claim that only the rich can get richer from trading.
This is true and there is another way how rich are getting richer. People like Elon Musk can manipulate even a stable and deep market like dogecoin which is quite clear but although the motive is unknown, it tells us how rich people can play with the market at will.There are people with humongous capital in the crypto market and they can short sell any asset to an extent where an average trader will panic and has no option but to sell them. Recently that's what happened with Game stop shares but the funny part was that the guy who spread the news managed to make people hold their shares and the value kept going up because in short selling you need to repay the tokens at some point and if holders sit tight, you are going to suffer.
I completely agree that the rich are getting richer be it either way, bigger investments or just plain manipulation of the market.
its more than just a trend because it has a usage that will not be forgotten easily than a thing that easily got trendy but few weeks later its forgotten .
each of us has its own definition of rich and when someone say that they feel rich because they have a small portion of crypto that is true to them but you disagree because you have higher standards than them of being rich .
your letter c is correct but in letter b , not all the time rich will become richer but rich can become poor and poor can become rich .
each of us has its own definition of rich and when someone say that they feel rich because they have a small portion of crypto that is true to them but you disagree because you have higher standards than them of being rich .
your letter c is correct but in letter b , not all the time rich will become richer but rich can become poor and poor can become rich .
Some are just minding about investment matters but there are ones who do mainly engaged due to its tech and relevance but actually it can give out both.
I agree that bitcoin is capable of providing both. Personally I decided to adopt bitcoin because of the technology behind it. It cannot be beaten by anything else in near future. At the same time, many people are not looking into the technology of bitcoin but only taking bitcoin as a speculative asset. In my opinion those kind of people will understand the potential of bitcoin over the course of time.I mean if bitcoin is only speculative asset, probably it cannot be trading around $55k levels today. It got both technology and investment characteristics. From these all, we can understand and no need to surprise on seeing bitcoin as a fast rising trend in financial world as of now.
It is mate! Congratulations to us who are sticking on with our crypto journey. I have to admit that when I was jobless in the early of 2020, I almost give up on crypto and slowly transitioning myself to travel niche. However, pandemic has started and it ruined my plans. So what I did? I got back into crypto! I was desperate until finally I landed a crypto job, then saved some money, hungry for more income opportunities like getting back into participating airdrops and bounty programs, etc.
The trend did starting off with the Paypal announcement and the rise of DeFi and NFTs. It will continue for a very long time. This market is still very young as of the moment, so we have to take advantage!
The trend did starting off with the Paypal announcement and the rise of DeFi and NFTs. It will continue for a very long time. This market is still very young as of the moment, so we have to take advantage!
Anyway, it was just life...But I was believing that crypto adoption will continue as seeing that many business institutions are already in crypto. Since we are engaging more in online transactions, the more it helps to increase the level of crypto adoption compared in the past years.
Recently, I have watched a mini video of a girl that built mansion just from holding bitcoin from 2011 or so, thought not sure about the year, she has been a center of discussion while others that would learn from her life gets rich, not everyone loves bitcoin, so who ever finds it risky and hard to invest should stay away from it.For the rich, that's true, investors that entered trade with $100 gets little profit compare to those with $1000, with this I noticed that I would be investing with higher amount of money to profit huger amount too.
Recently, I have watched a mini video of a girl that built mansion just from holding bitcoin from 2011 or so, thought not sure about the year, she has been a center of discussion while others that would learn from her life gets rich, not everyone loves bitcoin, so who ever finds it risky and hard to invest should stay away from it.
For the rich, that's true, investors that entered trade with $100 gets little profit compare to those with $1000, with this I noticed that I would be investing with higher amount of money to profit huger amount too.
Of course what you see really touches and gives an idea that persistence in storing bitcoin and still believing that it will eventually increase is something that is not easy to do, because it requires self-readiness so as not to be affected by the situation but to remain determined to continue saving until the price is in accordance with what we want.For the rich, that's true, investors that entered trade with $100 gets little profit compare to those with $1000, with this I noticed that I would be investing with higher amount of money to profit huger amount too.
it is clear that investment requires funds and the greater the funds, the more we will be able to determine where we go, it does not mean that with a little funds we cannot do it either. but with more funds it can clearly direct to determine where we should invest and maybe not in just one coin, because other alternatives can also be profitable.
if we believe in bitcoin it will be possible to do it too, especially with large funds we can at any time be able to invest directly without hesitation at the price at that time. because we believe that bitcoin will continue to move up even though there may be a correction.
Anyway, it was just life...But I was believing that crypto adoption will continue as seeing that many business institutions are already in crypto. Since we are engaging more in online transactions, the more it helps to increase the level of crypto adoption compared in the past years.
Recently, I have watched a mini video of a girl that built mansion just from holding bitcoin from 2011 or so, thought not sure about the year, she has been a center of discussion while others that would learn from her life gets rich, not everyone loves bitcoin, so who ever finds it risky and hard to invest should stay away from it.For the rich, that's true, investors that entered trade with $100 gets little profit compare to those with $1000, with this I noticed that I would be investing with higher amount of money to profit huger amount too.
Nowadays, we can't deny that a lot of people here in cryptocurrency so far are enjoying because some of the altcoins gave a lot of profit to everyone, just like for example of this are Dogecoin even to others it is a shitcoin but look what happened after MUSK posted in the twitter, then followed by Shiba inu where a lot of the community as well invested to this coins were it is cheap but have a large volume in the market something like that anyway. So it is really trending now in the market.
I supposed to amaze the numbers of crypto investors nowadays but I'm not going to surprise to them leaving once Bullrun is done. These people are just riding on the situation, make a profit, and then leave. Anyway, it was just life...But I was believing that crypto adoption will continue as seeing that many business institutions are already in crypto. Since we are engaging more in online transactions, the more it helps to increase the level of crypto adoption compared in the past years.
Imo, it can be said that
"this is the power of something".
Well, there are several reasons why crypto is very booming and also popular more easily.
One of them is because of the power of someone. In this case, recently many famous and rich public figures concern and also introduce crypto to more world. Additionally, we all know also that many media announce about crypto, how this becomes a new trend of investment, changing mind from stock invest or trade to crypto.
Comparing up back in the past in terms of awareness and adoption of crypto then we can really tell the difference and we are really into the different level of acceptance and recognition."this is the power of something".
Well, there are several reasons why crypto is very booming and also popular more easily.
One of them is because of the power of someone. In this case, recently many famous and rich public figures concern and also introduce crypto to more world. Additionally, we all know also that many media announce about crypto, how this becomes a new trend of investment, changing mind from stock invest or trade to crypto.
The trend is fast moving and adoption on getting accepted on many merchants is going bigger and bigger as the years passed.This does signify that people are really getting into it.
Some are just minding about investment matters but there are ones who do mainly engaged due to its tech and relevance but actually it can give out both.
I remember 2017-2018, when press started talking about cryptocurrencies on every TV. Then I did not understand, that this is a signal for a market reversal. The same thing is happening now. Many friends turn to me who have never heard of cryptocurrencies before. For me, this is a signal, that it is time to enter in fiat.
Then, we have to expect this at any time. Dumps can be happening soon, that we never know either we like it or not, it surely comes surprisingly. But I'd find a big difference in today's situation compared to the last Bullrun. I could say it was a very short time bullish, but not like what we got this time. We've done for almost half of the year being bullish (correct me if I'm wrong) but until now, I'd never seen any indication of its end. But it can't deny that many people are already praying for this to stop.
~
~a large profit, sometimes we just need a little luck to succeed in the crypto world. Because indeed we cannot expect the market to continue
to be bullish. Therefore, patience is needed so that we can succeed in getting rich from cryptocurrency, without patience, forgetting to get rich
from cryptocurrency.
Getting rich is the common target of most people here who dive in in crypto space but not all would really be given out the chance on getting into that state.
To think that if there's one who had make out millions then imagine on the other side who had lost money too.Its just a tug of war between buyers and sellers.
Of course we are not enough just to be patient to be successful in cryptocurrency, need other factors that can support our success in making profit
from crypto. One of them, as you said, is wiser and smarter when making decisions, because there are so many of our rivals in the crypto world who
want to be rich. But not all can end in success, even most traders end up failing and experiencing losses. So it takes a strong mentality to
become successful traders, always rising from failures and fixing all the mistakes that have been made. That's another thing that is really needed
to get rich from crypto trading.
Imo, it can be said that
"this is the power of something".
Well, there are several reasons why crypto is very booming and also popular more easily.
One of them is because of the power of someone. In this case, recently many famous and rich public figures concern and also introduce crypto to more world. Additionally, we all know also that many media announce about crypto, how this becomes a new trend of investment, changing mind from stock invest or trade to crypto.
"this is the power of something".
Well, there are several reasons why crypto is very booming and also popular more easily.
One of them is because of the power of someone. In this case, recently many famous and rich public figures concern and also introduce crypto to more world. Additionally, we all know also that many media announce about crypto, how this becomes a new trend of investment, changing mind from stock invest or trade to crypto.
Nowadays, we can't deny that a lot of people here in cryptocurrency so far are enjoying because some of the altcoins gave a lot of profit to everyone, just like for example of this are Dogecoin even to others it is a shitcoin but look what happened after MUSK posted in the twitter, then followed by Shiba inu where a lot of the community as well invested to this coins were it is cheap but have a large volume in the market something like that anyway. So it is really trending now in the market.
I agree that making a profit of $ 33k from investing in cryptocurrency is a very good achievement. If I worked in the real world, $ 33k would
take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.
Would really be giving out that kind of opportunity on making money that would surpass any traditional ways on earning income but somehow it does involved with some investment for you to take in.take 2-3 years to earn. This is what makes cryptocurrency even more popular, because it can make huge profits and has succeeded in making
some people rich. Moreover, the performance of cryptocurrency this year has been extraordinary, almost all coins have increased very drastically.
This isn't something that you can get rich instantly and just like on having an ordinary business then you would need to work hard for it unless if you decided to hold something
then its upto your choice but that wont be guaranteeing for you to succeed.Its a little bit needing of some luck when dealing with crypto because not all would really be expectedly to rise up.
Thank you for reminding that getting rich from crypto trading cannot be obtained instantly. Indeed, it takes a long process in order to get
a large profit, sometimes we just need a little luck to succeed in the crypto world. Because indeed we cannot expect the market to continue
to be bullish. Therefore, patience is needed so that we can succeed in getting rich from cryptocurrency, without patience, forgetting to get rich
from cryptocurrency.
Getting rich is the common target of most people here who dive in in crypto space but not all would really be given out the chance on getting into that state.
To think that if there's one who had make out millions then imagine on the other side who had lost money too.Its just a tug of war between buyers and sellers.
Since people have already know and realize the importance and worth of cryptocurrency compared to before, many have got engaged into crypto to the extent that it becomes a new trend to most people whether you have intended to like it or not at first. Since many people are now getting into cryptocurrency, the volume of buy and sells have also increased on which it typically shows how massive the changes have occured to make it come to something like this. Well, it is a good thing if people do consider knowing cryptocurrency first before doing engagement to avoid getting caught into common problems of beginners considering they know nothing about crypto at all.
We always need a plan if we dont have plan about our asset we well never ever gain a big amount of profit, and we are just like wasting our time in crypto. Plan is important to make a directions, holding and selling always need limitation so plan now and gain huge profit later. Before we buy different token or coin we need to have plan for it on when we are going to sell or on how many years we will hold the particular token so we can calculate the posible earnings not just buy and then sell if there is 5% earnings that is totally waste of time.
Cryptocurrency is currently a very popular trend, many stock investors are moving to cryptocurrency because of lower risks and greater increases.
Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.
What kind of balancing, you are referring for? If you mean that bitcoin's increase will lead to bubble then it will obviously pop up one day like how it happened by December 2017. Because, bitcoin is not increasing all the years but only one year after halving. So, it may enter into non-balanced zone at some point of time but over the time, it will get balanced through new investors.Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.
Bitcoin definitely needs both unbalanced and balanced situation. When FOMO happens, then it will get into unbalanced levels due to massive buying which will get balanced after a crash. So, the current fast trend may lead to downfall of market by end of the current bull run. So, be prepared will help.
In my case I am new to this world, a friend from the Spanish forum introduced me to all this, every day I learn more and more, what I do most is read, although there are things that I do not understand much, especially the technical, but the It is trending at least in my country, it is increasing greatly, of course it is a third world country and with the highest inflation that exists, in the statistics it appears as one of the countries that has the largest volume of btc, I think that as the crisis increases worldwide the btc will shine brighter.
Don't expect a world of continuous crisis that won't be good for everything. Bitcoin does have an increasing trend when inflation is very high, but if it continues it will also not be good for countries that continue to experience crisis.Cryptocurrency is currently a very popular trend, many stock investors are moving to cryptocurrency because of lower risks and greater increases.
Everything must be balanced, between the country's economy and cryptocurrency. Cryptocurrency is a payment alternative that is more transparent and safer, but the main payment can never be replaced.
This is hundred percent true. In addition, Upbit is now under Temporary Server Check.
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