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Re: Do you reccomend family and friends to join the market when it's crashing?
Do you recommend family and friends to join the market when it's crashing?
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?
If you do, explain why.
We pray for the prices to go up and to more people join the market, but will you recommend someone close to you to join when the prices are dropping like crazy?
If you do, explain why.
Yes of course I will still recommend bitcoin. I will let make them understand that it is normal for the market to fluctuate because of its volatility in nature. If they have money to spare, it will be a good investment since the prices are low and investing now will eventually give them higher earnings when the market prices go up. Believing in crypto might seem impossible these days, but better days are ahead and we should never stop believing for what is right and just.
of course, we all see that all markets are red and there are some fears of getting down more and more in the following days. but on the other hand, no one can ignore that bitcoin is the leader of all the crypto market, so if it down the whole market will go down as well, so it is too hard to believe that it will die that easy
and the major investors of it will not allow this to happen.
what do you think, am I right?
and the major investors of it will not allow this to happen.
what do you think, am I right?
You are absolutely right, the market will not survive without bitcoin because the market depends on the value of bitcoin and how it fluctuates. The influence of bitcoin in the cyrpto currency market is solid and without it, it would seem to become impossible for it to prosper once again. The market relies heavily in bitcoin because of its popularity and huge user caps. Basically, when bitcoin disappears, the market disappears. Its contributions are unmatched and no other coin can go near in the value that it offers.
I thought about the unpredictability of bitcoin and its current status and it made me realized that this might drive people away from getting into cryptocurrency. What do you think are the other reasons that will keep people from using bitcoin?
I think fear is what keeps people from using bitcoin. People fear what they cannot understand and because of this, people become hesitant when it comes to trying new things in life. Aside from the current state that bitcoin is in right now, It is the emotions that we feel that keeps us away from the things we want. We need to understand bitcoin and how it works to fully maximize the potentials and benefits it gives us in the real world.
Bitcoin was created to provide independence from Government control to the users. But I think it is not so independent.
It depends on fiat currency especially the Dollar for it's valuation.
My question is ; we are measuring it's value in dollars. So is not it true that Bitcoin is dependent on fiat currency for it's existence?
Please share whatever views you are having.
Kindly correct me if I am wrong.
It depends on fiat currency especially the Dollar for it's valuation.
My question is ; we are measuring it's value in dollars. So is not it true that Bitcoin is dependent on fiat currency for it's existence?
Please share whatever views you are having.
Kindly correct me if I am wrong.
It is true that bitcoin is independent because it has a decentralized nature and it does not rely heavily in paper money. Bitcoin relies in investments made by people, and because of this, it also heavily relies in people. We users are the barometer of how the market will fluctuate because we are what makes the market. Bitcoin is independent and that is why people love this, because the government do not control any of the transactions that were being made.
More and more people are being curious about how the extent of bitcoin can further lengthen their way of living into luxury and glamour, which is actually making it famous right now. Time may come that people only rely on the benefits of managing bitcoin rather than their own societal participation or job-related things. What do you know about the famousness of bitcoin worldwide? Add more ideas, opinions and news about this.
Aside from the fact that it makes people rich, bitcoin is known to give people opportunities that are beyond their reach, bitcoin aids in doing those things. Its growing popularity makes bitcoin reliable and trust worthy as it provides secure transactions and innovative updates. Its price is also one of the contributing factors why it is famous and despite its lower price these days, people still believe that it is normal and it will eventually go back to its higher price point.
It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..
USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..
Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"
USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..
Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??
Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"
Bitcoin will survive in the cashless society because since the beginning, it has always been cashless as the age of technology progresses. Digital money is getting popular these days and in the future, paper money may not even exist anymore. It is secure and is easier to use and facilitate. Countries will soon understand that we do not need paper money in this age since everything is digital. We should continue to adapt in the advancements of the future, bitcoin is the future.
hello guy!
I find that near people are always worried and afraid of the future of crypto, when we invest in the crypto market, we also know the market will fluctuate up and down and its risk, I think it is Often, most of us are going to HODL and buy more when they think it's touching bottom, there are some people selling them, I think that's the decision of you and no what wrong. WHY EVERYONE DOES NOT PATIENT AND BELIEVE IN YOURSELF IN YOUR DECISION? This is what is happening now because there is NO reason for this sudden drop in the price? Hold onto those coins as long as you can, because these greedy bastards will manipulate the markets to cause chaos and panic and wait for the green boom to return.
I find that near people are always worried and afraid of the future of crypto, when we invest in the crypto market, we also know the market will fluctuate up and down and its risk, I think it is Often, most of us are going to HODL and buy more when they think it's touching bottom, there are some people selling them, I think that's the decision of you and no what wrong. WHY EVERYONE DOES NOT PATIENT AND BELIEVE IN YOURSELF IN YOUR DECISION? This is what is happening now because there is NO reason for this sudden drop in the price? Hold onto those coins as long as you can, because these greedy bastards will manipulate the markets to cause chaos and panic and wait for the green boom to return.
At the present time, bitcoin do not look good as the prices continues to go downhill, the values are at its trough and no one knows when will the prices go up. It is a good move to buy bitcoin at this time since the prices are low, and when the time comes that the value are high, this is where we gain profit. This is the best strategy as of now and no doubt, that when the prices stabilizes, we can sell at a higher price.
Re: How does bitcoin affects your emotional and mental aspect of your life?
Emotional and mental aspects are commonly interrelated to each other. It commonly deals with our mind and heart. They can't be isolated and one can't remain solitary. In mental viewpoint, it really enable us to think whether it will be great or not. Your understanding will going to test your passionate angle. Bitcoin's impact is interdisciplinary, along these lines what we feel, will be what we think.
It can severely affect emotional aspect when we put a lot of faith and confident in bitcoin and found out that it is a scam or it is a fake, it will hurt us knowing that we trusted the system that it will give us benefits but it did not. In the mental aspect, when something seems unreliable, we tend to become aware and smart as we improve our decision - making skills. Also, when the market is down, it affects users as some may think they put a lot of faith in it and eventually pull out everything that they have invested in.
This forum was created for people to learn more about bitcoin and not to hate it or spread false information about it. Guys, is it enough that these days we sit here 
and here all sorts of FUD being spread about bitcoin saying all sorts of things which are not true???
Let's not forget that it is as a result of these these FUDs that brings all sorts of panic sells which brings the value of bitcoin down and what bores me is that at the end the come back here and say, "Finally bitcoin is dead" forgetting the very fact that they were the very ones that caused it. But they can't because bitcoin is still strong.
and here all sorts of FUD being spread about bitcoin saying all sorts of things which are not true???Let's not forget that it is as a result of these these FUDs that brings all sorts of panic sells which brings the value of bitcoin down and what bores me is that at the end the come back here and say, "Finally bitcoin is dead" forgetting the very fact that they were the very ones that caused it. But they can't because bitcoin is still strong.
I do not agree that haters should get out of here, we cannot please everyone in this forum. In fact, criticism is actually healthy in order for us to realize what is wrong and where should we focus on improving. We cannot control how people think but what we can do is to help them be educated in order to lessen misconceptions and fake informations to spread in the community. We should educate people for them to have a deeper understanding of bitcoin.
Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?
It is simply because they lack the knowledge to understand bitcoin. In my country, it is not illegal but it is also not regulated that is why people do not accept it yet. They think ghat it is illegal because it is not known and widely accepted, this is the misconception about bitcoin. It opens a lot of opportunities to people and it financial services easier. I'd say it is a digital money as of now, but in the near future, it will become widely accepted as a virtual currency and will be regulated worldwide.
As we know Samsung is one of the biggest and famous phones, smartphones, tablets producers in the whole world and now they are planning to make there own mining software. Is this a good news for us bitcoin users? I mean what are they aiming for?
For more info just read visit the link: https://www.sammobile.com/news/samsung-is-reportedly-making-mining-hardware-for-cryptocurrencies/
I think this is a great start for Samsung, one of the biggest manufacturer in the world is in development with bitcoin. Bitcoin and other crypto currencies will benefit from this as this mark the future developments of the blockchain technology to make it more innovative, easier, and popular. This is a good move as people will now see that crypto currencies are not a bubble but a digital currency everyone is ready to use. It will become widely available worldwide and will become the future of technology.
Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I think the primary idea of bitcoin is to become a digital currency that is decentralized which is what happened. It helps us practice liberty and the freedom of choosing what is best for us, something that the government do not own and what we can proudly say that is ours. It may also be to introduce an alternative currency because it is too crowded for people to have only their currency. One thing is for sure, mr. Nakamoto envisioned an innovative and proggressive way of managing finances without the government in the way.
Re: Is the existence of bitcoins a threat to jobs and national currencies?
We all know how powerful bitcoins are especially in financial terms. Having one makes you feel like a newly-crowned king ready for his throne and lux. Its value and essence is something that we cannot just ignore, resulting for some people relying on these 'God-given grace' instead of working hard and gaining the money that their own country uses. Some thought that it would be better off to have bitcoins and convert it into any kind of currency rather than to get a job and earn some thing. What do you think? Will bitcoin be able to eclipse the existence of national currencies in the near future?
I do not think bitcoin will become national currency yet in the future but I agree that it will become a viable threat in jobs. Since it opens a lot of opportunities for people globally, we can expect that more people will learn about it and eventually understand that it is easier to earn profit than offered jobs. Bitcoin values are way ahead of time and its blockchain technology makes it much easier for financial transactions because it is secure. It will not replace national currencies but it will be considered as one of the most valuable and reliable currency there is up to date.
:)Countries are divided into 3 groups: those who ban bitcoin, those who will regulate it strongly and those who will give complete freedom to development. The second and the third groups us well be satisfied with. This majority. It's enough to survive.Therefore, it is not necessary to look for negative outside of us. ; 
I completely agree that there will be countries that will strictly regulate bitcoin because it is dangerous if it is decentralized since people will always get away if they had done something illegal. A well regulated country will be able to maximize bitcoin's potential and as well as opening numerous opportunities for them in the future like easier financing, better investments and global innovations in their country. The world is progressing and people are learning, and the development of bitcoin will dominate the world and the future.
when bitcoin prices are drops, I think we better talk more about the positive value of bitcoin. do not think about the value of bitcoin today, because thinking about it will only make us panic and confused. enough G20 make us calm.
So, now. we are talking about the benefits of bitcoin if bitcoin managed well.
what do you think if bitcoin is managed well by a country?
So, now. we are talking about the benefits of bitcoin if bitcoin managed well.
what do you think if bitcoin is managed well by a country?
If bitcoin is managed well in a country, it may significantly reduce poverty rates. It may also increase job opportunities for people as they have a better control of bitcoin. People will also learn how to manage their finances easily as they learn how to invest smartly for their future. Further development of the blockchain technology will be at reach as investments continue to grow. Bitcoin will be everywhere in the future, and for that, it should be well managed by a country to maximize its potentials.
The continuous decline in Bitcoin prices may make investors very nervous and many people have lost confidence in Bitcoin as well as crypto.
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
This is a very normal psychology and nothing strange in life, in any field, there are two emotional state is governed by FEAR and GREED.
Especially in the financial market, not just the crypto market, when prices are rising, people often feel GREED, focusing only on positive trends and never thinking about trends. Negative, when the price goes down, then the person feels FEAR, then focus only on the negative trend and never thought that everything would be positive again.
Talk about this for people to imagine that believing in a current trend is only relative and timed, so look at the market trend with an objective eye (out-of-game) so that If not, then it will not be absorbed in the psychological game of the market. Finance is a game of psychology!
What do you think about this?
I agree with you, it is in our nature to feel emotional to adapt in various conditions that we are in. Whatever condition it is, we should learn to control the emotions and never let it get ahead of us because once it happens, we might make decisions that will not be beneficial in the current state that we are already in. Being smart is our only advantage in the market, we should practice that in order to maximize the opportunities that come to us.
https://www.livebitcoinnews.com/4-in-10-americans-will-never-invest-in-bitcoin-says-latest-crypto-study/
I've known some few friends who are into forex and stock investments. When they've learned that I engage myself into crypto trading and investments they discouraged me due to bitcoin's price volatility and unpredictable fluctuations. All I can say to them is that I only invest an amount that I can surely afford to lose and taking huge risks will definitely compensate you good returns as well. I bumped into this article saying that 4 in 10 Americans will never invest in bitcoin, which is somewhat realistic but still history can really tell that bitcoin has changed lots of millennials who took the risk and profited when bitcoin value skyrocketed to almost $20k last year.
So with this article it shows that there is still high percentage of Americans that is willing to take risks to invest in bitcoin just to make some good profit in the near future. What are your thoughts regarding this one? Share me your thoughts.
I've known some few friends who are into forex and stock investments. When they've learned that I engage myself into crypto trading and investments they discouraged me due to bitcoin's price volatility and unpredictable fluctuations. All I can say to them is that I only invest an amount that I can surely afford to lose and taking huge risks will definitely compensate you good returns as well. I bumped into this article saying that 4 in 10 Americans will never invest in bitcoin, which is somewhat realistic but still history can really tell that bitcoin has changed lots of millennials who took the risk and profited when bitcoin value skyrocketed to almost $20k last year.
So with this article it shows that there is still high percentage of Americans that is willing to take risks to invest in bitcoin just to make some good profit in the near future. What are your thoughts regarding this one? Share me your thoughts.
I agree but not all high risks means higher rewards, it can also mean higher loss which we do not want to happen. To avoid higher losses, I suggest investing in something you can afford losing, the market fluctuates and the prices are not stable so when the time comes that the values are too low, you can lessen the losses that you have invested. Keep in mind that we should take risks with higher precaution in order to avoid losses.
We know Bitcoin is one of the powerful and top coin in marketplace.
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
But world wide all county are announced its illegal.
I personally think that bitcoin is very help us for paying any payment.
Its has many facility.
But our government are announced its illegal
It is because the government is afraid of something they do not have control with. They cannot regulate cryptos yet and when they do, cryptos will never be the same again. Bitcoin is decentralized meaning it does not pass through central banks worldwide making transactions hidden and untracked. Most people took this advantage and is continuously doing illegal things that makes crypto's reputation bad due to this. The government is constantly looking for ways to have benefits when it is regulated worldwide.
I engaged with young people and layman people in my communities on the quest of exposing them to cryptocurrency. During the period I discovered that they find It so difficult to understand the concepts, they are so much acquainted with fiat currency and traditional ways of making payment transactions.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
I will be impress If I can get a valuable ways and methods in making them understand what cryptocurrency is all about and engage them actively.
Everything starts hard, I suggest you use interactive models to explain a certain concept that they have trouble understanding. Continue explaining the concepts in layman's terms to fully understand its technicalities. But we all know that without practical application, learning seems to be useless so I suggest getting them exposed into the digital world completely for them to experience it first hand. You can guide them throughout the experience that may also be beneficial for you to be also involved in the digital world.
A lot of scams have caused the fear of theft among people and they are regarding bitcoin and its trading a scam. People seem to be reluctant towards investing in bitcoins. How do we ensure them that bitcoins are not scam but the people are. 
Well the easiest way to convince people is through education, literacy about crypto currencies, market fluctuations and pricing disparities. Though it is the most obvious thing to do, many people still don't understand how it works. One other way is through the government, having them consider that cryptos are the big thing and the future of transactions and currencies. When the government starts to consider that cryptos as currencies, the public will quickly follow and accept it worldwide.