The future of Crypto

Wiktor63463gt posted:
The future of cryptocurrency is driven by its interest among people. Also, the blockchain system itself looks very impressive.

And nowadays we reached 40,000 USD for 1 BTC

Ima angry because of Elon. 1 tweet...1 tweet and Bitcoin just fall to 50k. How??? And now Doge's start to up because of Elon's speculation.

Absolutely, learning is the key to success. It doesn't matter what you do or how great of an idea you have; without knowledge, your success will be limited.

RobSchiz posted:

berinhard posted:
Knowledge is the most important thing to make money from this any other market.

If you want to make money from this market, you need to have proper knowledge about the market.

This applies for every single market of course.

There are plenty of scenarios which can happen with cryptocurrency in future. One can allege that in future crypto will replace all the national currencies which we have nowadays, however the vast majority of people don't believe in such economical metamorphosis, because even gradual transformation of dollar into btc for example, will strongly affect domestic and world economies. I believe that economies will not bear such metamorphosis, nevertheless it still remains as one of the possible scnarios in future. The time will show it, maybe it will be the only way to decrease the influence of crypto as we have nowadays.

Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

momo3HC posted:

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

Of course, any platform that says forex market or crypto market should be tested. Otherwise profit cannot be made.

I think that nothing bad will happen to cryptos. Some pessimists say that cryptos have no value and they are bound to disappear as any market buble. I don’t share this point of view.
First, I would like to say a couple of words about value. I think that today commodities only have real value. The rest is represented by various derivatives and fiat money. You know fiat money is actively printed and it greatly contributes to inflation. Long gone times when money was associated with something real or to be exact with something that had real value such as gold or silver. You probably know that earlier money was backed by gold. Later governments decided to terminate that relationship and money became papers. In this regard, crypto don’t seem so bad. Perhaps, a lack of regulation and support by the government is the only “sin” of cryptocurrency. In other regards cryptocurrency dares to compete with fiat money. Why not? You see that people hold cryptos on their crypto wallets, exchange this stuff for fiat money and use cryptos to pay for products and services online. So, I think that it’s already too late to ban cryptos. They will remain. Perhaps, they will become regulated but I think it will not happen soon.

AliaDare posted:

momo3HC posted:

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

Of course, any platform that says forex market or crypto market should be tested. Otherwise profit cannot be made.

😄I don`t trust even myself so what about any others.

momo3HC posted:

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

100% there has to be ebbs and flows in a market. Buyer and seller pressure. It has always been this way with any instrument. Patience is so key

Exactly, no market is linear. It's simply not how any market works long term.

Two weeks ago I invested in YoFarm, which is the native crypto currency on Yobit. By providing liquidity it has been paying me about 1-2% daily, which is over 365% APY and is nice income. Yobit has been around since 2014. What are you thoughts?

CraigMcG2020 posted:

momo3HC posted:

AliaDare posted:
Great, I do crypto trading but the market situation is pretty bad right now. But it will comeback very soon.

It can`t be pumps all the way so that`s not a problem. Patience is the key.

100% there has to be ebbs and flows in a market. Buyer and seller pressure. It has always been this way with any instrument. Patience is so key

Absolutely.

Man, considering the way crypto has evolved over the past two years, I think most of our thesis regarding this market isn't good anymore. What annoys me the most are people who keep on asking if crypto has any future. Man, bitcoin reached the level of 60.000 dollars during the past year, and you are still doubting it? Seriously? Besides that, some people don't understand that crypto is not only about Bitcoin. Many other altcoins are worth it.

You gotta play the long game with Crypto like any market it will have variance, bear and bull market phases once you accept this it will go easier for you

Cryptocurrency is definitely here to stay as it is backed by Blockchain Technology. It is the future. But it is unlikely that the currency will be directly used in day to day transactions. Rather, it will be used to store value. It will be used for trading, but the actual transactions would happen in a regular currency...

Molly141 posted:
Does Crypto have a future?

Of course, cryptocurrencies have a future. Including Bitcoin, as it grew, it will continue to grow.

Commonition posted:
Cryptocurrency is definitely here to stay as it is backed by Blockchain Technology. It is the future. But it is unlikely that the currency will be directly used in day to day transactions. Rather, it will be used to store value. It will be used for trading, but the actual transactions would happen in a regular currency...

I don't mind this. After all we don't use gold to pay but we use it as a store of value. 😉