The future of Crypto

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...

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. 😉

The future of crypto currency is bright. Most of the big players in the tech industry are exploring the possibility of using Bitcoin as an alternative payment method or as an add-on to their current payment system. In the future, you will see Bitcoin accepted in stores and other places, no differently than using a credit or debit card.

As we all have witnessed large scale fluctuations in the past few months, it is difficult to predict the price directions of the crypto market currently. However, several well read analysts are sure about the rise of cryptocurrencies by mid 2022.

ceceliagreerr posted:
As we all have witnessed large scale fluctuations in the past few months, it is difficult to predict the price directions of the crypto market currently. However, several well read analysts are sure about the rise of cryptocurrencies by mid 2022.

I can't see it before the end of 2022 at early.