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Is it good to convert all fiat to crypto?

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10 hours ago, Jaafar Fahad Hassan said:

Am glad and happy how @Jones33 always praise me in the forum, he acknowledges my contribution to the forum, is something that is worth been happy for. I was learn from some members in the forum and now someone is praising me for helping him

That is great and you should keep it up that way by helping others just the way you were helped because we are all learners who are always seeking more knowledge since new things keep coming to existence and the more you learn the more you see which will give you chances to be successful in your career.

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11 hours ago, Jaafar Fahad Hassan said:

Am glad and happy how @Jones33 always praise me in the forum, he acknowledges my contribution to the forum, is something that is worth been happy for. I was learn from some members in the forum and now someone is praising me for helping him

You deserve it my friend because you are helping me to achieve what I come here to gain and since we are all learner's then we should keep improving our relationship with each other so that work will be easy for us all and new members like me won't have to suffer a lot while learning.

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On 1/17/2020 at 11:05 PM, Roomi said:

If a person have enough or some extra money or he is earning a decent amount then he should invest a little portion of his money time by time investment could be increased.

Right as if you as a investor have some extra money than you can convert the needed earnings into a Fait as no one need all the digital asset, in real life you need Fait money.

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In my opinion  I Don't  think It's  a good idea. Because  you get opportunity  both I mean sell and buy. If the prize of bitcoin get high in the  future  you can sell it. If get low if the present  prize then you can buy it.

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5 hours ago, Projectcrypto said:

I really want to become a professional trader in the nearest future which is why i am willing to learn more about Cryptocurrency so as to keep me on the right part

 Keep trying and learning man..  After that try to share your experience as well knowledge here so that lot of member can be helpful from you @Projectcrypto..  I want to be a trading expert too but its look too much hard to get success..         

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6 hours ago, Projectcrypto said:

That is great and you should keep it up that way by helping others just the way you were helped because we are all learners who are always seeking more knowledge since new things keep coming to existence and the more you learn the more you see which will give you chances to be successful in your career.

I will mate, I will keep learning, I believe we all will be successful here, the signs are transparent already and it very obvious we are heading the right way of our success, and I wont relent to help others,I will keep it up as I always do

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Yes this will be very beneficial and profitable. But in my opinion you have to keep 25% of your fiat money for your need and with remaining amount you buy digital currency. This will be good if i have this  options then i will do the same.

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8 hours ago, Dorjoy12 said:

I want to be a trading expert too but its look too much hard to get success

It's not easy my friend but i believe we can do it together just the way you said because when i share the experience I have, you shared and another person shares his definitely learning will be much easier for us all in the forum, I like this style and I will also suggest we abide to it.

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17 hours ago, Jaafar Fahad Hassan said:

I will mate, I will keep learning, I believe we all will be successful here, the signs are transparent already and it very obvious we are heading the right way of our success, and I wont relent to help others,I will keep it up as I always do

Yes my friend never give up on something you can't go a day without thinking about because the more you learn the more your chances of making it come closer to your doors and we shouldn't give up just because we lose for ones instead we should make effective corrections and give it a trial again.


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20 hours ago, Projectcrypto said:

It's not easy my friend but i believe we can do it together just the way you said because when i share the experience I have, you shared and another person shares his definitely learning will be much easier for us all in the forum, I like this style and I will also suggest we abide to it.

Nice strategy @Projectcrypto and i think this is the only way how our forum member able to learn about trading..  You also can see our trading section is not much active so in this case Trading section will be active too every day..        

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On 12/17/2019 at 6:29 AM, Delgboke said:

I have been thinking what if I should convert all my fiat currency into digital currency/ cryptocurrency Is it adviseable to do that? Please what do you think. 

If you do it for investment, do it without doubts since the benefits are high and they help you to increase your capital, you can use btc or eth, I recommend them.

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I think if you make money then I suggest you to convert your all fiat currency into cryptocurrency. You trade with them and take a good profit if you have knowledge about trading otherwise you lose your money. Because cryptocurrency is the best for trading.

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13 hours ago, Dorjoy12 said:

You also can see our trading section is not much active so in this case Trading section will be active too every day

Most members concentrate more on the top three(3) sections which includes:- begginers section, about forum section and cryptoworld sections, and I will suggest everyone reading this conversation should try by sharing there ideas all over the forum because that is the best way we can help other less experienced members to catch up on time.

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Well, there's no problem if you put all your money here in crypto but make sure that your decision is right because most of the people in cryptocurrency are experiencing the FOMO (Fear Of Missing Out) so you need to have a full decision on it.

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4 hours ago, Projectcrypto said:

Most members concentrate more on the top three(3) sections which includes:- begginers section, about forum section and cryptoworld sections

 That is why this 3 section has the most spamming rate ... You can judge this by make comment in mention section and next day you can see some of your post get deleted automatically @Projectcrypto..  That is why i think forum authorities should look into this matter..    

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On 12/17/2019 at 6:29 AM, Delgboke said:

I have been thinking what if I should convert all my fiat currency into digital currency/ cryptocurrency Is it adviseable to do that? Please what do you think. 

It is a very good thing if you do it, but if you manage to do it in a stable currency so you can avoid losing a lot of money in case of a cryptocurrency downturn as such.

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I think it is not good to convert all fiat into crypto. For the time being, no cryptocurrency has effectively overtaken fiat in any part of the world. In the end, it may be payment apps like SPEDN which most dramatically open up cryptocurrency payments to real-world applications.

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19 hours ago, Dorjoy12 said:

 That is why this 3 section has the most spamming rate ... You can judge this by make comment in mention section and next day you can see some of your post get deleted automatically @Projectcrypto..  That is why i think forum authorities should look into this matter..    

Well, you can avoid being deleted your post by ignoring some of the topics which is useless, we all know that this three are the top 3 sections in this forum and we cannot blame the other members here if they want to learn more about cryptocurrency by browsing these three sections.

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I don't advice you to convert your fiat currency to crypto currency if you are the same level like my country that they get used to crypto currency until you have  exchange to our country currency.

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4 hours ago, Reyna said:

Well, you can avoid being deleted your post by ignoring some of the topics which is useless, we all know that this three are the top 3 sections in this forum and we cannot blame the other members here if they want to learn more about cryptocurrency by browsing these three sections.

@Reyna  do not worry about this because i am enough aware to judge which is useful topic..   .. Secondly beginner section and about forum section is not this main place to learn about crypto which you need to know..   To learn about crypto properly you can choice coin section, trading section,  DeFi section too.        

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I don't think it's a good thing my friend,
Diversification is always the best, keep your cash and buy a little crypto.
You don't know if everyone you deal with can accept crypto.

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18 hours ago, Dorjoy12 said:

Secondly beginner section and about forum section is not this main place to learn about crypto which you need to know.. 

Well, these two sections are very important for the new members in this forum, they need to adopt first the environment here especially the rules and regulations to know how to post properly and also to avoid being deleted their post.

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On 12/11/2020 at 11:05 AM, Dorjoy12 said:

 That is why this 3 section has the most spamming rate ... You can judge this by make comment in mention section and next day you can see some of your post get deleted automatically @Projectcrypto..  That is why i think forum authorities should look into this matter..    

You have a good positive point here mate, I also got some of my posts deleted whenever I make posts in those sections and for that reason I now focus more on replying to older topics because I also noticed that mostly new topics are being deleted in this forum this days.

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No it's not, Just utilize your extra asset on the off chance that you need to contribute on cryptographic money or regardless of whether you need to send somebody with crypto don't change over your fiat, Crypto was not worthy for some shipper that you need for regular daily existence so I don't generally suggest it.

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2 hours ago, Projectcrypto said:

You have a good positive point here mate, I also got some of my posts deleted whenever I make posts in those sections and for that reason I now focus more on replying to older topics because I also noticed that mostly new topics are being deleted in this forum this days.

I do not think you need to afraid to make comment on new topic if you are able to judge useful topic brother..  Usually useful topic contain enough information and do not ask you something but explain you every thing clearly..  Though i follow your strategy to do comment @Projectcrypto         

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The next day, Wednesday, 15 May, important indicators such as Consumer Price Index (CPI) and retail sales volumes in the United States will be published. On Thursday, 16 May, the traditional number of initial jobless claims in the US will be announced. And at the very end of the working week, on Friday, 17 May, we will learn the Eurozone CPI as a whole, which may influence the ECB's decision regarding the euro interest rate.   GBP/USD: Pound Remains Under Pressure but Holds On   At its meeting on Thursday, 9 May, the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market participants interpreted as a step towards the beginning of a policy easing cycle.   At the post-meeting press conference, BoE Governor Andrew Bailey expressed optimism, stating that the UK economy is moving in the right direction. Bailey also noted that “a rate cut next month is quite possible,” but he intends to wait for data on inflation, activity, and the labour market before making a decision. Chief Economist Huw Pill, although he joined the majority in voting to keep the rate unchanged, also expressed growing confidence that the time for a reduction is approaching. He added that “focusing only on the next Bank of England meeting [20 June] is somewhat unreasonable” and that “medium-term inflation forecasts do not necessarily signal rate movements at the next or subsequent meetings.”   Overall, the movement of the GBP/USD pair last week resembled that of the EUR/USD pair. The chart shows a distinct surge on Thursday, 9 May, triggered by data indicating a cooling US labour market. The pound was also supported by optimistic GDP data for the UK for Q1 2024 and manufacturing sector data for March. GDP (quarter-on-quarter) rose by +0.6% after a decline of -0.3% in the previous quarter (forecast +0.4%). Additionally, the GDP grew by +0.2% year-on-year, recovering from a fall of -0.2%.   As with the euro, the pound is under pressure from the prospect of earlier monetary policy easing by the BoE compared to the Fed. However, the British currency ended the past week above the key 1.2500 level, at 1.2523. Moreover, 65% of analysts expect the pair not only to hold above this horizon but also to continue its growth. The remaining 35% voted for the pair's movement south. As for technical analysis, trend indicators on D1 are split 50-50. Among oscillators, only 10% recommend selling, 40% took a neutral position, and 50% recommend buying (10% of them signal overbought conditions). If the pair rises, it will encounter resistance at levels 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, and 1.2885-1.2900. In case of a fall, it will face support levels and zones at 1.2490-1.2500, 1.2450, 1.2400-1.2410, 1.2300-1.2330, 1.2185-1.2210, and 1.2070-1.2110, 1.2035. The upcoming week's calendar highlights Tuesday, 14 May, when data from the UK labour market will be released. Also of interest is the Inflation Report hearing scheduled for Wednesday, 15 May.   USD/JPY: $50 Billion Interventions Wasted?   It seems that until the Bank of Japan (BoJ) takes confident and clear steps to tighten its monetary policy, nothing will help the yen. At its meeting on 26 April, the board members of this regulator unanimously decided to leave the key rate and QE program parameters unchanged. Expectedly tough comments on the outlook were also absent. This inaction increased pressure on the national currency, sending the USD/JPY pair to new heights. It continued its cosmic saga, reaching a new 34-year high of 160.22. Following this, Japan's financial authorities finally decided on a double currency intervention. Although there was no official confirmation, experts estimate its total volume at $50 billion.   Did it help? Judging by the USD/JPY chart, not really. The pair headed north again last week. Unlike the euro and the British pound, the yen barely reacted even to weak US labour market data on Thursday, 9 May, only slowing its decline.                    All this occurs amid endless statements from the Japanese Central Bank and Ministry of Finance about their readiness to take necessary measures to reduce speculative pressure on the national currency. The published minutes of the BoJ meeting show that most board members took a "hawkish" stance, calling for a rate hike.   However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year. The last chord of the past five days sounded at 155.75. Economists at Singapore’s United Overseas Bank Limited (UOB) expect the USD/JPY pair to trade in the 154.00-157.20 range in the next 1-3 weeks. UOB also believes that the chances of it falling to 151.55 have significantly diminished. Overall, most experts (70%) simply shrug their shoulders in uncertainty. The remaining 30% persistently expect the yen to strengthen. As for technical analysis, 100% of trend indicators on D1 look north. Among oscillators, 50% are such, 15% point south, and 35% point east. Regarding support/resistance levels, traders should note that with such volatility, the slippage can reach many tens of points. The nearest support level is around 155.25, followed by 154.70, 153.90, 153.10, 151.85-152.25, 151.00, 150.00, after which come 146.50-146.90, 143.30-143.75, and 140.25-141.00. Resistance levels are 156.25, 157.00, 157.80-158.00, 158.60, 159.40, and 160.00-160.25.   Events of the upcoming week include the release on Thursday, 16 May, of preliminary GDP data for Japan for Q1 2024. No other significant publications regarding the Japanese economy are expected in the coming week.   CRYPTOCURRENCIES: A Week of Reflection and Uncertainty     What will happen to bitcoin in the foreseeable future? It seems there is no clear answer to this question. Experts and influencers often point in opposite directions: some shoot for the stars, while others keep their eyes on the ground.   For instance, according to the founder of Pomp Investments, Anthony Pompliano, bitcoin is "stronger than ever." He concluded this based on the 200-day moving average (200 DMA) reaching its ATH (All-Time High) of $57,000. Michael Saylor, CEO of MicroStrategy, is also optimistic. In his latest message, he urged investors to "run with the bulls." (It should be noted here that MicroStrategy holds 205,000 BTC on its balance sheet, so Saylor's bullish calls are quite understandable. He simply has to do this for his company to profit rather than incur losses).   However, analysts note that bitcoin's fate depends not only on the rosy calls of the MicroStrategy CEO. And if buyer support weakens, BTC could break through the key support level of $61,000, falling to the $56,000 zone, where significant liquidity is concentrated. MN Trading founder Michael Van De Poppe does not rule out another correction to around $55,000. However, the specialist quickly reassures investors, stating that this is quite acceptable as long as bitcoin holds above $60,000. Anthony Pompliano believes that the price will not fall below $50,000, and another expert, Alan Santana, does not rule out a drop to $30,000.   Trader and analyst Rekt Capital believes that the first cryptocurrency has exited the post-halving "danger zone" and entered the initial phase of re-accumulation. According to this expert, in 2016, BTC demonstrated a long red candle after the halving, falling by 17%. This time, the pattern repeated, with the difference between the post-halving maximum and minimum being 16%. The price reached a local bottom at around $56,566 but then rose to $65,508, on which Rekt Capital concluded that it re-entered the "re-accumulation range." However, there is one "but" - after this, we again observed a drop to $60,175. Overall, it seems that BTC/USD is in a descending channel, which increases investor concern.   In general, the forecasts are quite diverse. Information on the activity of various categories of traders and investors also varies. Analyst and CMCC Crest co-founder Willy Woo noted the activity of so-called crypto dolphins and sharks. "There has never been such a rapid purchase of coins by wealthy holders as in the last two months when the price fluctuated between $60,000-70,000. We are talking about those who hold from 100 BTC to 1000 BTC or approximately $6.5-65 million," he explained. On the other hand, according to CryptoQuant analysts, whales holding from 1000 to 10000 BTC, unlike dolphins and sharks, have behaved quite passively. Michael Van De Poppe, for his part, notes the absence of retail investors.   All this suggests that we may not see new all-time highs for BTC in the coming months. We wrote about this in the previous review, citing, among other things, the opinion of such a Wall Street legend as Factor LLC head Peter Brandt. With a 25% probability, he assumed that bitcoin had already formed another ATH within the current cycle. As for long-term forecasts, nothing has changed here - most of them predict a powerful bull rally for bitcoin. Anthony Pompliano writes about this. Willy Woo expects bitcoin to continue increasing its penetration into various spheres of everyday life, meaning the number of users will grow. "By 2035, we expect bitcoin's fair value to reach $1 million. This forecast is based on the user growth curve. And I'm talking about fair value, not a peak during a bull market frenzy," the analyst notes.   The author of the bestseller "Rich Dad Poor Dad," entrepreneur Robert Kiyosaki, once again included bitcoin in the TOP-3 ways to save and increase capital. "Bad news: the [currency market] crash has already begun. It will be severe. Good news: a crash is the best time to get rich," he wrote, offering several recommendations on how to act in a crisis. Let's note two of them. The first reads: "Find an additional source of income. Artificial Intelligence will destroy millions of jobs. Start a small business and become an entrepreneur, not an employee afraid of losing a job." "Don't hoard fake money (US dollar, euro, yen, peso) that is losing value. Hoard gold, silver, and bitcoin - real money whose value increases, especially in a market crash," is Kiyosaki's second recommendation.   Regarding bitcoin's growth, Kiyosaki is absolutely right; it's even pointless to argue. According to a study by Colin Wu, better known as WuBlockchain, over the past decade, the price of the leading cryptocurrency has grown by an astonishing 12,464%, outpacing giants like Amazon, Apple, Google, Meta, Tesla, and Netflix. BTC was second only to Nvidia (+17,797%). But the fact that bitcoin took second place, being a representative of a relatively new and volatile market, is a real achievement. BTC's impressive growth trajectory over the past decade demonstrates its resilience and potential as an essential component in investors' portfolios.   At the time of writing this review, on the evening of Friday, 10 May, the BTC/USD pair is trading at $60,470. The total market capitalization of the crypto market is $2.24 trillion ($2.33 trillion a week ago). The Crypto Fear & Greed Index has risen from the Neutral zone (48 points a week ago) to the Greed zone, now standing at 66 points. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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