Hello steemians! Can trading with cryptocurriencies actually improve the life a man, if yes I want to know because the currency keeps reducing and my dear friends out there ,who are interested to join keeps asking me.
Hello steemians! Can trading with cryptocurriencies actually improve the life a man, if yes I want to know because the currency keeps reducing and my dear friends out there ,who are interested to join keeps asking me.
It is only my personal opinion, but it will take more than money or cryptocurrencies to improve the life of a man. If you have a passion for digital coins, follow it. Pursuing your interests can be a great source of fulfillment. Release yourself from the financial aspect of it, step back, and study the market until you feel like things have improved. Knowledge is power. The more time you invest in learning how to trade, the better your chances will be. Good luck.
Thanks dear
Hi, Yes cryptocurrencies have the ability to improve lives. They are much more fair, and the ledger is recorded so that business and trading are much more transparent. The records cannot be altered unlike bank records - and we don't have the double spending problem with cryptos like we do with fiat currency.
The current dollar we use (name is USD, AUD, EURO) are all in debt! This is very bad for the world! If a business is trading at a loss, (in debt) and aquire more debt, this is called trading insolvent!
It is illegal for companies but fine for nations, and the world... how that works I don't know!
In summary, remember people lose and win trading cryptocurrency. If you buy high and sell low because you panic at a price drop, be prepared to lose. It's buying when it's low cost, what the wealth minded people call 'on sale' that makes you a profit.
I hope this answer helped my friend, and god bless
Yeah thanks dear for putting me through