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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 British central bank expects this figure to return to the target level in the near future but to increase slightly to around 2.5% in the second half of the year due to rising energy prices. Additionally, according to the May forecasts, CPI will be 1.9% in two years (Q2 2026) and 1.6% in three years (Q2 2027).   British inflation expectations for the near future have also decreased to the lowest level in almost three years, indicating a return to historically average levels. In May, the country's residents on average expected consumer prices to rise by 2.8% over the next 12 months, compared to a forecast of around 3% in February. This is stated in the results of the British central bank's quarterly survey.   Data on business activity (PMI) published in the first week of June indicated that the economy in the United Kingdom is relatively well. Activity in the manufacturing sector rose to 51.2 from 49.1 earlier. Some slowdown was shown by the PMI for the services sector – from 55.0 to 52.9, and the composite PMI – from 54.1 to 53.0. However, despite this, all these indicators remain above the 50.0 mark, separating growth from a slowdown in activity.   Certain concerns are raised by the UK labour market. Statistics published in early June showed a spike in jobless claims – by 50.4K in May after 8.4K the previous month. This is the largest monthly increase since the first COVID lockdowns. Before the pandemic, the last such spike was during the 2009 recession. Moreover, the unemployment rate for the February-April 2024 period rose to 4.4%. Of course, historically, this is a low level, but it is the highest in three years.    The next Bank of England meeting will be held on Thursday, 20 June. Analysts generally forecast that the interest rate will remain unchanged at 5.25%. This forecast is supported by the slowdown in inflation decline rates. Additionally, there is a significant increase in UK wages (+6.0%), which could push prices up. This, in turn, reduces the likelihood of the British central bank transitioning to a softer monetary policy in the near future. The start of QE may be delayed until September or later.   The BoE's tight monetary policy creates prerequisites for future demand for the pound. Meanwhile, last week, GBP/USD was driven by overseas data. On US inflation data, it broke through the upper boundary of the 1.2700-1.2800 channel and rose to 1.2860, then, following the FOMC meeting results, it fell and broke through the lower boundary, dropping to 1.2656. The week ended at 1.2686.   The median forecast of analysts for the near term is somewhat similar to the forecast for the previous pair. In this case, 50% of specialists voted for dollar strengthening, 25% for a northern trajectory, and 25% remained neutral. As for technical analysis on D1, the picture is also mixed. Trend indicators are evenly split 50:50 between red and green. Among oscillators, 60% point south (a quarter signal oversold), 20% look north, and the remaining 20% remain neutral. In case of further pair decline, support levels and zones are 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of pair growth, resistance will be encountered at 1.2760, 1.2800-1.2820, 1.2865-1.2900.   Besides the mentioned Bank of England meeting on 20 June, including its interest rate decision and subsequent press conference, it is necessary to note Wednesday, 19 June, when fresh consumer inflation (CPI) data for the UK will be released. Friday, 21 June, also promises to be interesting. On this day, retail sales volumes and preliminary business activity (PMI) indicators in various sectors of the UK's economy will be known.   USD/JPY: BoJ Changed Nothing but Promised Changes in the Future   Unlike the Bank of England, the Bank of Japan (BoJ) meeting has already taken place, and its results were announced last Friday, 14 June. The yen's weakness in recent months has negatively impacted Asian currencies. In March, the central bank made its first move – raising the rate for the first time since 2007 (since 2016, it had kept it at a negative level of -0.1%). The regulator also abandoned the targeting of 10-year government bond yields. Investors closely watched the Japanese central bank for hints on whether it would further unwind monetary stimulus.   But for now, the BoJ decided not to change its accommodative monetary policy, maintaining the current pace of bond purchases at around 6 trillion yen ($38 billion) per month. However, it promised to present a plan for their gradual reduction at the next meeting in July. "We decided to subsequently reduce the volume of our purchases [within one to two years] to ensure more free formation of long-term interest rates in financial markets," the central bank statement said. At the same time, the regulator announced that it would gather market participants' opinions before making a specific decision.   The deposit rate for commercial banks was also left unchanged – officials unanimously voted to keep it in the range of 0.0%-0.1%, as expected. From this, experts once again concluded that the BoJ would not rush to tighten its quantitative easing (QT) monetary policy.   The French bank Societe Generale believes that given the pressure from the government due to the weak yen, the most likely scenario will be a reduction in bond purchases starting in August, with their purchases decreasing every three months and reaching zero by November 2025. Additionally, according to Societe Generale economists, the BoJ may raise the discount rate in September this year.   Of course, USD/JPY could not ignore such events of the past week as the US CPI figures and the Fed meeting: its fluctuation range exceeded 240 points (155.71 at the low, 158.25 at the high). However, the five-day result was not so impressive: starting at 156.75, it ended at 157.37.   Experts' forecasts for the near term look like this: not a single vote was given for the pair's southern movement and yen strengthening, while the remaining votes were evenly split: 50% pointed north, and 50% remained neutral. As for technical analysis, all trend indicators on D1 are coloured green. The nearest support level is in the 156.80-157.05 zone, followed by 156.00-156.10, 155.45, 154.50-154.70, 153.10-153.60, 151.85-152.15, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance lies in the 157.70 area, followed by 158.25-158.60, 160.00-160.20.   No significant economic statistics releases for Japan are scheduled for the upcoming week.   CRYPTOCURRENCIES: The Present and Future of Bitcoin Depend on the USA     In the absence of independent drivers, the crypto market has recently followed the dollar, which in turn follows the Fed, which follows the macro statistics from the USA. BTC/USD is like scales, with the main cryptocurrency on one side and the US dollar on the other. The dollar became heavier – bitcoin became lighter, and vice versa. On Friday, 7 June, strong statistics on the US labour market were released – the dollar became heavier, bitcoin lighter. On Wednesday, 12 June, it turned out that inflation in the USA was decreasing – the dollar weakened, bitcoin became heavier. And in the evening, the Fed calmed the markets regarding the interest rate – and the scales swung back. Just look at the BTC/USD and Dollar Index (DXY) charts – the inverse correlation leaves no doubt. In recent days, the flagship of the crypto market has lost about 7% in price. And the reason for this is the aforementioned monetary policy of the US Fed. Enthusiasm was not added by the fact that bitcoin-ETF inflows broke a 19-day streak. On 11 June alone, industry funds lost almost $65 million. The reasons are the same. They can be supplemented by the upcoming summer holiday season – a period of correction and lull in financial markets.   Traders note that recently, "digital gold" has been trading in a narrow range between $66,000 and $72,000. One of the popular market participants considers the lower mark an ideal entry point, while entry at the upper boundary of the range, in his words, carries high risk. MN Capital founder and analyst Michael van de Poppe does not rule out that pressure from sellers will persist in the near future. In such conditions, bitcoin may correct to $65,000 and even lower. However, van de Poppe does not expect a deep price drop. According to him, a large amount of liquidity is concentrated around the $60,000 area. This suggests that this level now acts as a strong support area, and positive dynamics can be supported by geopolitical instability.   According to surveys, more than 70% of the crypto community believe that BTC is on the verge of further growth. For instance, trader Captain Faibik is confident that bitcoin is preparing to break through the "expanding wedge" technical analysis pattern. According to him, breaking its upper boundary will open the path for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer. The growth prospects of BTC are also indicated by the activity of large investors. According to industry representatives, whales are actively entering long positions on bitcoin. Cryptoquant CEO Ki Young Ju clarified that the $69,000 level has become particularly attractive for large investors.   New Binance CEO Richard Teng, who replaced Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the work of spot BTC-ETFs, which have strengthened trust in the asset. The Binance CEO also allows for the legalisation of cryptocurrency if Donald Trump is elected President of the United States. Declaring himself the "crypto president," Trump said in May that the USA should lead the global crypto industry.   However, at present, cryptocurrency regulation measures are in the stage of development and implementation, which restrains investments. According to experts, current investments should be considered test cases. It should also be noted that spot ETFs have attracted significant liquidity only in the USA – there is no similar interest in most countries.   According to billionaire Mark Cuban, the attitude towards cryptocurrencies will be a key difference between US presidential candidates Donald Trump and Joe Biden, although neither understands this issue. "Do you really think [Trump] understands anything about cryptography other than making money from selling NFTs?" Cuban asked. And he answered himself: "Neither of [the candidates] understands. But I've said many times that Biden will have to choose between [SEC Chair] Gary Gensler and crypto-voters, otherwise it could cost him the White House."  According to Bitfinex crypto exchange analysts, bitcoin's price could rise to $120,000-125,000 within a few months to half a year. Similar figures are named by BitGo crypto trust company CEO Mike Belshe. In his opinion, by the end of 2024, the first cryptocurrency will cost $125,000-135,000, and one of the catalysts will be the high level of US government debt. "Our macroeconomic climate continues to confirm the need for bitcoin. Undoubtedly, US government debt is out of control. [...] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.   He also noted that the US dollar is losing its position as the world reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a means of manipulation. "Thus, the US debt crisis is one, foreign policy and sanction control is two. And BRICS offers alternative payment systems. [...] This is the story of why bitcoin exists," he concluded.   At the time of writing this review on the evening of Friday, 14 June, BTC/USD is trading at $65,800. The total crypto market capitalisation is $2.38 trillion ($2.54 trillion a week ago). Bitcoin's capitalisation has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Pessimists say the asset is already "overheated," and to reach $125,000, its capitalisation must almost double. In their opinion, such a colossal influx during the overbought period is unlikely, so one should expect a correction and subsequent consolidation. The possibility of such an outcome is also hinted at by the Bitcoin Fear & Greed Index: over 7 days, it fell from 77 to 70 points and moved from the Extreme-Greed zone to the Greed zones. 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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