It is the biggest question of this time for many traders why did I invest in cryptocurrency ? I am not able to find out the right answer to satisfy myself . I just change the mind to some others matters . Few month ago I had convinced my wife that I would be able to triple our wealth through Bitcoin ,speculation within the next two years . I think now all of us facing the adverse result of the greatest invention of this century , all the speculation that who invest in cryptocurrency would earn high return in short period of time become a nightmare. Last 2-3 month it has been spreading the negative news only across the country that lead to loss of million of dollars of thousand of people due to panic sale . It is very disappointed to us that last night Binance has been hacked and stolen nearly 7000 Bitcoin through Syscoin . Hacking is the disaster for cryptoworld cause disappear Billion of dollars from market in the last 5 month
I just think about a family who sold all their belongings for bit of a BITCOIN to reach their Dream destination .
The Bitcoin family
Didi Taihutto from Netherland , The person To live life to the fullest this family has chosen the Bitcoin adventure , he has sold his house in Netherlands , all his furniture, three cars a motorcycle and all toys of his children for bitcoin , he keeps only those things which really couldn’t part way like his photo albums , few mementos, and his laptop. Now he lives in a tiny house together his wife Romaine and their three children in a Dutch campground.In a bungalow on a campground. It's small and also really cold, Five people crammed into 50 square meters.
Taihutto wanto to secure his livelihood by exchanged nearly all of their income and wealth for bitcoin with speculation of high return in short period of time . In a interview he told about his bitcoin adventure , he told that he didn't want to continue his living in fear. He thinks living in fear kills dreams. To really be happy, one has to first have the courage to let go of the things that keep you tied down.
He also replied when asked :what was the trigger for his decision ?
As he mention in the conversation that his Father and mother passed away in young age that fact really open his eyes , he said as we're all stuck in this hamster wheel, we work our entire lives and postpone the beautiful things for some later date. But for my parents there was no later date. Now I'm 39 years old. Who can guarantee that there'll be a later for me? he hopes as long as he can keep the patience everything will be fine. If the things really works well by the grace of God perhaps he would become a financially strong and the dream of life would be fulfilled , My Best wishes to this Bitcoin family.
Like Room was not built in a day , Bitcoin still in its initial stage of development as currency and certainly far from being accepted by the governmental institutions .we need a deep correction in adoption ,circulation and regulation of bitcoin including others cryptos with the help of government. We should not ignore “ the cryptocurrency including bitcoin have its own problem as money . There is a lack of transparency in trading ,holding and transaction basically those coin which come up with a feature of highly confidential transaction, untraceable like MONERO,SUMOKOIN ,METAVERSE ETC that leads to support the terrorism , money laundering etc. Due to lack of proper regulation Whales makes entry to market and manipulate the price of coin through bulk trading or fake message over telegram, youtube, Facebook and others media and over the period of time some scam project has looted million of dollars of thousand of innocent traders, even I have lost thousand of dollars in the two project names Bitconnect and TBAR as issued two cease and desist letters from both Texas and North Carolina’s securities boards to shut down the project , and continuous DDoS attacks on the platform.
However we are well known that bitcoin cannot be replaced or disappeared traditional money entirely but eventually we will reach a point there will be use cryptocurrency as much as traditional money use in our livelihood . Technology continues to develop. Finally money is beginning to develop too.
In india there is a uncertainty on status of cryptocurrency , Reserve bank of India already issued notice regarding withdrawal of banking service to all Indian exchange . It will therefore be difficult for existing customer to withdraw fiat money to bank account even though follow the others mode of transactions like local bitcoin , wazir x escrow service and cash transaction . Because once the ban imposed on crypto trading we cannot show to tax department that received the funds in bank account against the sales of bitcoin .
And even we cannot approach to cash transaction also with unknown person because government authority may give you proposal as a customer and will take you for legal action .
So now best thing is silently sit on our seat as Didi Taihutto said as long as time we have spent our time, everything will be fine ,Sometimes it's so wrong to take a step back. With a bit of luck, it'll bring you three steps forward.
POSITIVE THINKING IS NOT ONLY ABOUT EXPECTING THE BEST TO HAPPEN BUT IT IS ALSO ABOUT ACCEPTING WHATEVER HAPPENS IS FOR THE BEST.
Trading is a game of probabilities , you don’t have to be right every time , we should keep our emotions aside , if we can’t control our emotion we can’t control our money .
well written however i dont see any confirmation by binance about 7000 stolen bitcoins they probably moved it themselves after irregular api activity with SYS
first Syscoin sold at 96 BTC then 7000 BTC moved from Binance wallet ,both are happening at the same time probably isn’t a coincidence.
Why use a gun when you can use a keyboard to rob a bank. With all the gov tools availble online hackers can buy everything, they don't need to know how to code. Would be nice to know exactly how they are getting access to secured systems.
@bnbtravels123 Hope this tragedy doesn't happen again to anybody
Please upvote my posts
@bnbtravels123 like your article says, its best to think positive in any aspect of life. Trading in general is very emotionally involved, so if we have solid emotions like steel , then there is a very little chance of loss as well.
"It is a loss only when you take the money out . Until its in the asset, chances of profit are always higher than loss."
Will power and belief also has a role to play in this financial game ;)
actually i have read some of his posts and they are amazing so if you want to learn more about crypto ,life and many other interesting topics then don't forget to follow @bnbtravels123
nice great work buddy
keep supporting!!
https://steemit.com/mgsc/@rajatgaur/10-illnesses-brought-on-by-our-addiction-to-modern-technology
we are mgsc
Take the challenge!! Take the risks and win!!!! That's it...
Putting all your money into cypto is foolish it's gambling. If i lose it all my family isnt living in a shack
Ican do this but i will succesfull trader
Yes bitcoin and other some cryptocurrency are safe, in my point of view.
by the way, the phot u insert in the blog og bitcoin family, IS THIS REAL?
yeah , it is real
One day the most expensive thing is the world is "Bitcoin"
Remembered
Its hard to predict the price of Btc ..Here hard means the day will come when many LAMBO will equal to one BTC .Crypto is the future no doubt
@bnbtravels123 yaah that is right.
But is not time for daily trade.
If you want long term investment it is good.
Long term trade is always good investment in the field of crypto no matter when it is in peak or in bottom but yes i agree with you as we all know blockchain is the future technology
@sabya175 that right
@mdasadul like your article says, its best to think positive in any aspect of life. Trading in general is very emotionally involved, so if we have solid emotions like steel , then there is a very little chance of loss as well.
"It is a loss only when you take the money out . Until its in the asset, chances of profit are always higher than loss."
Will power and belief also has a role to play in this financial game ;)
@bnbtravels123 This is one of the longest bearish crypto market since the popularity of alts & BTC. Its almost 7 months now with few pumps here & there. We all trust the blockchain technology & all r hoping that institutional fund will enter in market. Its all about the marketcap. Finger crossed.
No matter how much BTC went down it wil follow it previous path by touching All Time High.It just a matter of time its testing the patience of investors.NO doubt that Blockchain is the future technology.
Nice info👌
You follow me i also follow you
Intrested pepole reply me👍😊
why everyone cry for cryptocurrency downfall, why not understand cryto are following there nature
Sometimes I too think the same think.But looking on BTC history I am sure we will be benefited in upcoming days...
Keep Your Fingers Crossed :)
keep supporting
nice post
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Wow, how risky is the story of that family. I respect them, but I wouldn't have invested all of my things like that..
its right ,but some time we have involved in gambling....
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The binance attack is so sad and I was shocked while reading it. Truly, cryptocurrencies have a long way to go in terms of development and security. Recently, Steemit was under the same DDoS attack which thankfully, no wallet was affected. I really hope in coming days, the constant change and development of world would positively impact cryptocurrencies.
Didi story is touching. This man just put his whole live on the line! I really like his courage and I pray he gets what he seeks. A whole family living in a room...they must be having a hard time now. But it would be over, things would get better. Crypto would get highly bulled and we would all profit from it.
This post is a very special one and I give it a kudos 👌
Great Work and we are with you
YES PLEASE. My whole focus is onboarding newbies to litecoin. Do you already have some mock ups?
Coins mentioned in post:
I think this time for buing bitcoin is best becouse bitcoin is not go doun from it
If you had buy btc don't sell wait to wright time to sell
Kapil101 my user name
Bitcoin is simply unpredictable it can reach upto any price in coming years we just need to stay calm and watch out for bitcoin wanders.
Read my article about bitcoin future price
https://steemit.com/bitcoin/@bilal990/bitcoin-price-predictions-2018-bitcoin-will-reach-usd25-000-in-2018-and-usd125-000-by-2022?sort=votes#comments
#bnbtravels123
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btc and other crypto are safe.And they will be used more and more in the coming time.
Hey buddy, I am doing a little statistics. It would be great if you could help me out by telling me, how many SBD you used to promote this and how much is your gain. Thank you.
gain depend on content...
You are a great analyst!!
https://steemit.com/@creativeman07
@bnbtravels123 no need to worry about crypto market, i thinks its time to rise up. tell me your opinion also.
@bnbtravel123, why don't you consider all this a game. And loosing and winning is part of it. Actually the entire life is a game. We should train yourself to be neutral to emotions and fear.
I know money is an emotional subject.but we should be trained hard. It's just a game. Enjoy it.
what do you think about future btc price pump or dump ??
will pump ,but may take 1more year.
I am not reading all the content. Only picture is enough to describe. Remember don't trade crypto if you didn't understand.
@bnbtravels123
Take the challenge..Take the risks and win,, That's it
nicce
@bnbtravels123
posted a new post please have a look and upvote thank you
https://steemit.com/mgsc/@amang9578/51-attack-a-threat-to-the-blockchain-technology
This post has received a 13.73 % upvote from @boomerang.
Selling your house or property for any cryptocurrency is not correct. I think one should invest only 15-20% of their earnings so that they dont get much affected if they are in loss.......
yes bro its my aim to convey this message through my story.
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The post is fine
@bnbtravels123 This blog is really impressive. the crypto world is full of uncertainty so we have to be active and do regularly observation and analysis then invest in the crypto world. @mithun150
if you woke up one morning and found yourself thousands of dollars richer overnight?
@bnbtravels123 Good article, Many poeple worried about its investment and loses increase day by day.I am also fear about market behavior.So, Please tell me any chance to crypto market recovery in these days or who many time for it.
Crypto itself says "security" So I believe that crypto world will be going to rock. Even without crypto lots of money laundering cases came up across the globe. Crypto has given a very positive sign to the unemployed people. So I am a strong believer of crypto. Follow @text2crypto