People already know enough about the use of stablecoins. USDT or usdc are generally considered virtual dollars. Those who are involved in cryptocurrencies have enough knowledge about USDT or USDC. USDT or usdc is used by people as an alternative to cash. There are some users who also use these stub coins as their savings. However, instead of using a stable coin, you should use a coin that allows you to save and invest together. The value of stablecoins is always immutable the value of coins will never decrease or increase. Bitcoin can be a much better alternative than stablecoins as there will be a possibility of money growth along with the transaction facility through Bitcoin.
I do not agree that they are virtual dollars, if CBDC ever gets created by the USA government, that could potentially be a good virtual dollar, but this is more like IOU type of thing, (means I owe you) and you get dollar worth of digital things, but you trust a company and not a government. So, if that company comes in and says that they are bankrupting, or just steal your money, there is nothing that you can do about it. They just took what is real, a dollar, which actually has a response in the financial institutes, and instead gave people something they said has the same value, but there is no proof of it, you just do it until they steal it. This is why I do not trust them and would never consider them legit. |
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Sell everything. Except maybe bitcoin and ethereum, I'll observe first before making a move. What I noticed during the middle of the pandemic is that cash is the king. Inflation may be high but it is also expected that most middle-earning investors withdraw their investments just like what happened a few years ago. Stock values plummeted so badly that it is best to sell first rather than sell it at the bottom. Many real estate, vehicles, and other properties will be sold at a discount. So for me, I'll be ready with my cash and then observe the market before starting to shop. Also, in every situation bad or good there are always opportunities but it is for us to find out.
That should be the opposite way. If the economy collapses, that means dollar is worthless, or lets say it is something smaller and dollar is less valuable and not worthless, that means that bitcoin will be worth more. So, if you sell everything during a crash in the market, you are doing the wrong thing. Remember, the worse our economy does, the better bitcoin will do, it is just simple mathematics. If there is no money, and that is why nobody is buying bitcoin, that would be different case, that is not crash, that is recession and that is fine, we can handle that, it is not a collapse. 2008 for example was a similar thing, markets went down and nobody had money, and what did government do? Print more, and make dollar less valuable, which would have been great for bitcoin. |
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Being a crypto affiliate or an influencer is not actually bad, it gets only bad when you want to influence your audience with wrong information so you can achieve your own goal. However, not all crypto influencers are desperate enough to feed people with lies so that they can convince them to believe in them. Some are doing their best to show to the people the reality about trading and let them understand about it.
Personally, I think the reason why traders still trying hard to be successful on YouTubing or crypto affiliating it’s because they want to maximize their potentials as a successful trader. Aside from the fact that they are making decent income from YouTubing or being a crypto influencer, there’s also high chances that they can also bring some big positive changes into other people’s lives. That is, if those people follow the advices from reputable traders.
It is almost all of them, that is why it's an issue. I am not saying that all influencers are bad, but most of them promote stuff for money and they do not care if anyone from their followers lose money because of it as long as they end up making profit. Obviously they would prefer if their followers make a profit as well, there is an incentive to make your followers make a profit, that means they will follow you even more and trade even more based on what you say. However, it is not a must and we need to reach to a point where we could end up with a good result if we are careful about it as well. I believe that we need to reach to a point where we could make some profit and make some changes. Hopefully it will be better. |
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There is still the possibility that they already sold but others are waiting to hit near ATH again which is why they are still holding until now. There is no problem in holding because that is their money and that is their strategy. They hold and make their bitcoin sleep for a couple of years because that is what they want and they don't want to learn trading. Also it doesn't mean that if you learn trading you will have guaranteed profit, there is still a risk of losing it all. That is why they are playing it safe. No matter that they can't gain more profit at least they are sure that their bitcoin stays there and that they will possibly gain profit when ATH
Yeah, it would be lovely, people who sell should sell and get out, and leave the market to people who buy and hold. That way we could make a decent income from it and should be doing fine in the end. Yes, it is a tough job to handle it, but it could very well be done and should be done properly. I know that life is not that simple and sometimes we end up with a result that is a bit more different, but at the end of the day it is going to be important and we need to make it work. I believe that for sellers to get out, we need to end up with a thing that would be a bit more personal and should be doing something that will change the result in the end, and sellers do not see that yet and probably feel it is not the time yet. |
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1. There is no proof of certificate that shows that the group owners are professional traders.
Usually signal owners post each of their entries in groups and people can conclude how often they close positions with profit results. But yeah, no one can confirm whether the screenshots shared are belong to the owner or whether they're just forwarded from another signal group. Sensibly, professional traders wouldn't take money from noob traders that way. This is the problem, you do not know if it's legit or not and why would you want to join something you are not sure if it's legit or not. I would say away from something like that because it makes no sense at all, it really doesn't make sense on the long run. I think it should be important to realize that we are going to end up with a result that would be a bit harsher and you should be able to make it work eventually. I know that it is not that easy and it doesn't make sense at the moment to just trade based on signals of someone else, so it's much better to find your own signals and you can do that by studying indicators, when indicators hit certain levels you have your own signal and you can buy or sell accordingly. |
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It doesn't mean you must have a huge amount of money before you can start earning something big from your crypto trading, but if you have crypto knowledge and you start with big money it will be difficult for you to fail in the future because crypto requires knowledge before you can earn what will put smile on your face. I think, many traders started with small capital in crypto trading but today they have turned to wealthy men and women in the community, because they used that small capital to buy crypto when the price was low in the market and hold for the price to increase higher before they can trade to make something good from the market which is the best way any traders can use small amount of money to make money from the crypto market.
I agree that if you could start with a good knowledge about how to trade, how much capital you have shouldn't matter on if you will succeed or fail. It could lead you to make more profit if you have more money obviously, but that doesn't mean that small amounts would lose money, they will profit too but less. All you have to do is to learn how to make that profit and it would definitely be possible if you let it be. I think the best thing about this is the fact that you are going to end up making some profit you are going to end up with making as much profit as you possibly could, and you should keep doing that if you are lucky and should be hoping for it to change some stuff. I think the best thing for this moment would be learning. |
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Just like real life, there are millions of liars living among us but we have no way to stop those liars. they have the right to say whatever they want and we have the right to ignore them if we suspect they are lying. for me, if there is a topic that I feel is not suitable for me or suspect that the topic is somewhat fictional, I will choose to ignore it and move on to a topic that is more suitable for me. you don't need to worry too much about what you don't like, focus on the things you like and you will feel the beauty of the forum or even in life.
However, we have to understand, so we can analyze the liars who want to take what is ours. Many are tempted by his words, so they get prey, but we have to understand that this is a trick they use and we have to be able to ignore it so as not to fall into their trap. do something positive for us to produce maximum results, remembering that if negative energy is maintained it will actually make us lose money. Yeah true and it would be hard for some people to see the liar if the yare looking for someone, but if you are not, and you are like me and do not care about people here who would be trying to take advantage of you, then you do not get fooled, because if you make no deals then how could you get fooled. In the end, it's all about being self sufficient, I just buy bitcoin and hold, why would I need to get hurt by anyone's lies, if FUD is the only thing they can hurt me -with, then I am fully on FOMO mode at all times and do not believe them neither. This is why it's going to be possible to ignore them and ignoring them is the way to go if you want to be prevented from them for the long term as well. |
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We don't have to force any individuals we're introducing to Bitcoin against their will to invest in Bitcoin, telling them about bitcoin is good enough and the rest is left for the persons to determine if they will be investing in bitcoin or not.
While it's true that by informing, we play the role of unlocking the door to the cryptocurrency realm, I believe there's a crucial caveat. We all understand the necessity of ongoing oversight to ensure newcomers don't stumble into treacherous terrain. Lately, there have been numerous scams disguising themselves as Bitcoin, posing a significant threat to the mental well-being of those just venturing into the world of cryptocurrencies. Moreover, in order for individuals to maintain an objective perspective on Bitcoin, it's imperative that we don't solely sing its praises. We must also acquaint them with some of Bitcoin's shortcomings, including the associated risks. This way, they'll exercise greater caution from the outset when expressing their interest in Bitcoin. This is why I prefer to tell the people what happens to me, and what I did. This means that I talk about myself, and do not pressure them into getting involved with bitcoin and that helps. It means that they do not have to get involved with bitcoin at all and they do not have to make any investments at all, they just listen to what I did and my personal journey. If anyone ever wants to get in, then I will be there to help them on how to do it if they want to do it, and they will know that I am a person who is involved with cryptocurrencies, but that doesn't mean that it would make it any different, it would definitely change some things over course of long term, and should be important deal at the end as well. |
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We shouldn't give up because of mistakes that happened in the past, if we lost Bitcoin to hack, it wasn't the fault of Bitcoin but our fault and it's not because we did it knowingly but due to we not having the right updates. When I lost Bitcoin to hack was when I had Bitcoin stor e in an exchange, during that period I didn't know it was a bad step to keep Bitcoin on exchanges, I thought it would be safer been there but I lost my Bitcoin although it wasn't a very large amount.
That experience didn't make me stop investing in Bitcoin but it made me to be more careful of where I keep my Bitcoin. If we give up because of mistakes we made in the past then we'll regret it in the future when other individuals make profits from Bitcoin but we don't.
I also believe that we should be trying to get back on the horse and get that money back as well. Just because you lost money doesn't mean that you shouldn't have any money in the future neither, you could try to make it work somehow and that way you would be able to make some money, it would be profitable for you to keep trying. This means that maybe you lost some money due to either bad trades or hacks or whatever reason was, but then you are going to end up with a good return that will be even bigger than what you lost in the end. This means that we should not give up, giving up is not solution to anything in life, it never results with anything good, we should try to end up with a good result long term. |
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This is why dollar cost averaging or DCA is becoming a trend in this forum which makes sense. It is very hard to catch the exact start of the bull run and also the exact dips so I am also convinced that it is better to just make a monthly DCA. I just started my DCA last year and I am glad I was able to buy bitcoin at $15k levels.
but yes , we can predict at least the quarter to when will come, because mostly if we are looking back to the History , almost same thing happened after every halving. Yeah, definitely which is the reason why we assume it will go up. Doesn't mean that it will, but at the very least it means that if the same thing happens we are going to see a huge bull run and there is no reason not to have that. I know that it will take some time but we need to wait for that to come. When the bull run comes, we are going to see if we are right or not. The only difference is that Q4 is too specific, maybe the bull run will happen in Q3 who knows. Last time it was April that saw it at high, then crashed, then saw it high again, so we do not know how it will happen, maybe it will be distributed to two again, maybe it won't be and in a single day it will increase. We do not know exactly how it will happen, we just know that it will go up. |
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People suggest those coins because of their experience. It's free advice and you have the choice to accept it not. I have been watching the market for all these years and feel that small cap altcoins are not worth the long term only some short term gains may be possible if the coin goes up which is again 50-50 chance. You might have something better to say than the older members of this forum having a bias towards bitcoin and you are free to voice it but do follow up your advice yourself on paper.
My choices are always bitcoin, ether not altcoins in the bear run to sell on the next bull run.
And that short term trade is not even 50-50% chance as well, there is a 1-99% chance because we are talking about so many coins and tokens that will end up being terrible, people should be aware of them. I believe that we need to reach to a point where we could make some decent money, and for that to happen we need to pick something decent as well. Picking a low cap coin to make a profit means that we are preferring something that is lowly and that is not going to be easy for us at all. I believe that we need to reach to a point where we could make some profit, and it is not that much possible. I hope that it gets to a point where we could make it work, and for that to work we need to end up having some profits for sure. |
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Actually, this is no joke, this is actually good news, and hope Google considers checking every customer they allow because some of those NFT games are scammed because they are just funding their first weeks with their own money to give their players rewards but when they gathered much more money from them, they are changing their rules and some other things which makes the game not fun to play anymore and more likely became unplayable anymore because of high risk where you need to invest more money but gets low rewards.
It is definitely a good news, even a great news. Google is a huge company, one of the biggest companies in the world and that means we are talking about crypto is getting heard at the top of the mountain. We should be able to do well enough without having any type of trouble on the long run and we need to end up with a result that would be a lot better for the long term. I know that it will take some time but that doesn't mean that we shouldn't do something like this. We need to figure out what is the best way to utilize it, and if we could utilize this then we could profit from it as well. I am glad that google is interested in crypto and allowing this now, it means they are constantly checking it and who knows maybe one day they will even invest. |
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What if there is no crypto bull run for next 10 years ? Will you give up all your investments and get out of crypto because of this ? Or do you you have even more broader horizon and can wait longer to see the next bull run ?
i may consider that? for at least couple of years to try investing in other form of business since 10 years is really a long waiting time. but that is if we will gping to find when it will come because if not? sorry but i will maintain my bitcoin holding instead. That is just a bad idea to think that bitcoin will not have it, and I think we should not prepare for something like that, let others who believe that could happen get ready for potentially living something like that but it is not realistic. We should aim at something that is much better and we should be careful about what we are doing, it will definitely end up a lot better without a doubt. I hope that it gets to a point where people can see that holding bitcoin long term is a great way to make money and those who do not do that will end up with some losses and they will not have a reasonable approach to it as well. I get that it is going to take some time to have these results but as long as we wait, it will happen. |
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If in the long run, increasing interest rates will even bring great benefits to us because interest rates will affect prices in the short term and will be a suitable opportunity to accumulate cheap bitcoins. In the long term, interest rates will certainly fall, the economy will recover and investment demand will increase again, at which point we will see bitcoin demand and price recover.
But to be honest, very few people are patient and everyone wants bitcoin to increase in price soon, so every time interest rates increase or there is some negative news, the market will react negatively, causing a lot of panic.
For some reason, bitcoin now become tightly connected to real-world economic news like the Fed and so on maybe because there are a lot of institutional investors who started looking at it, and panicking happening a lot nowadays. On the other hand, there is so much government that regulate in a good way so the best thing to do now is Yeah, the best thing right now is while we wait for bitcoin to move upward let's buy more hahahah. Accumulation is definitely a great way to do this and I agree that it would make sense and should be logical. I get that not a lot of people do something like this but at the end of the day the ones who do it will be making the profit without a doubt. I am not saying that it is going to be tough or anything like that, but it will definitely happen and it is going to be decent in the end. I hope that we get to see something changing on the long run but it is going to also be something that will cause us to see profits if we hold long enough. I have been accumulating for years now, since the bear run started and the prices crashed, it is nearing over a year since I started and I feel like when it goes up, I will be profiting a lot. |
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I’m not against about following some trading signals since it’s actually a trader’s choice. However, knowing the fact that this trading market is always unpredictable due to its high volatility, then we can’t expect some trading signals to be always reliable and will certainly make our trades profitable in the end. At some point it works but most of the time, trading signals are not accurate and are not effective when trading. So if I were you, instead of listening some crypto influencers that gives trading signals, I would utilize that time to study on my own and help improve myself about trading and learn all its technicalities that are somehow very crucial to trading. Trade on your own and learn from your own mistakes and losses.
Yeah true, but people have a need to cling to something. If you are not going to trade based on TA, or FA, or signals or whatever, even copy trading someone else, then how are you going to trade. You need a reason to think that it will go up so you should buy, why would you think that it will go up, no reason at all? That doesn't sound reasonable. I think it should be important to make sure that it could go on about like that and should be considered something good. I believe that it is going to be at least a reason to do and some people pick that reason in the form of signals from someone or somewhere. I can't really argue with them, I wouldn't do it myself but I do understand the logic behind it as well at least. |
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So since RenBTC is not a real bridge and WBTC is centralized due to BitGo, the only safe way to do this would be to immediately sell the wBTC for ETH and hold that on the ETH chain? Or some other stablecoin?
It depends on your wishes you should have a reason before doing it. Both are good in their own use cases, for example you want to gain access to ETH "defi" ecosystem or something like that. Converting BTC to ETH/stable coins just to hold doesnt have many prominent advantages. Plus, there is really no reason for it anyhow. I get that some people may want that but that doesn't mean that wanting something equals to logical thing. You may want something that is illogical and useless as well. You should not really need or require an onchain ETH type of wrapped bitcoin on that chain, it is really not a smart thing to require, just get out and get bitcoin and it is equally possible. I get that some people do not want to pay the transaction fee but risking it that much gives you bigger risk and the transaction fee looks a lot less costly at that point. Either you lose 5 bucks on the fee, or you lose it all .If you are not aiming at just BTC and want to stay in the chain, pick something better. |
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You have to be careful if you use short trading, even if you are really good at short trading. During August and until now, market conditions often experience declines and it is good to take the opportunity to make a profit.
The market position changes frequently, and your trades may be lost if you do not check the market situation frequently. Don't take too long to close your trade if you have made a profit because the market can change immediately in the next minute. And do not be greedy to chase bigger profits.
Hopefully, @OP can get back to the thread so I can see his other trades.
Yeah true, short trading is something very very risky for bitcoin because on the long term it goes up and that means it is going to be a little tough and we should be careful about it as well, if we are not careful then it is going to end up being a little worse than we think it will be and we will end up with a problem. I know that it is not that simple to make it work but we could make it happen if we are careful. I hope that people could see less and less people short trading bitcoin since the long term looks like there will be a halving next year and then it could go up, which means short trading will make a lot of people lose money. This is not certain of course, I am just saying what my prediction is for bitcoin. |
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anyone here heard about the DingDang Bubble project it is upcoming meme coin i read this project and it looks interesting because they are offering utilities that no other meme coin have also the project and team looks solid and most of the utilities they claim will be live before launch but still i am afraid of losing money because i already lost too much so can some experts read this project and give me a suggestion should i have to ape in this project or not because i missed pepe shiba doge many solid meme coins but i have good feeling against this project. I also share website and whitepaper links
Not something like this. I mean if the question is serious (it's not, this is just a shilling topic obviously, from a horrible project) then you shouldn't really invest into something like this. I think it's quite impressive that people would do something like this, and it's obvious that it's not going to be that easy. I feel like we are going to end up with something that will make us lose all our money and people should be aware of this trouble. I get that it's not going to be something that would make sense, it just doesn't feel like it's going to be reasonable to invest into something so obviously fake and just a way for the owners to make money. Devs are trying to abuse and scam people as much as they can. |
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How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?
you don't need to understand the market position to invest in meme coin, because all meme coin are the same (useless), so if meme coin are hype, then you can invest in meme coin to make a profit, but my advice is that you better invest in meme coin that are already popular and have a high market capitalization (such as DOGE, SHIB and PEPE), then never invest for the long term, so if the price of meme coin is trending up, then you can invest in meme coin to earn profit, but remember you should not be greedy. This is true, people should definitely stay away from it because there isn't any money to be made from this without a doubt. I think it should be important to make sure that you are not going to make any profit from meme shitcoins, if you invest into something like bitcoin then you could make some profit and that would be a lot more important. I understand that it is not that simple and I understand that some people may approach this differently but that doesn't mean that you are going to make money from it that easily neither. I hope that people would realize that they could end up with a good return one way or another, and when they do that it would definitely be something that will change some things in the end. |
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I will never believe in some local media that sometimes they only seek attention and increase their existence by presenting some news that is only based on the "assumptions" of some people who are not even experts and without detailed, concrete and accountable evidentiary data.
I don't think crypto mining is the main problem that causes air pollution in Jakarta, from the media you've read they most likely don't provide accurate and complete data, right?. If you are someone who lives in Jakarta, surely you will understand that Jakarta is too crowded and there are too many private vehicles and many industries that contribute to air pollution. Carbon emissions from private vehicles and transportation, several large industries and the burning of coal as a source of electricity generation are the causes that contribute most to air pollution there.
Local media is not a place to get the news for sure, it's a lot more important to get it with proof on social media. Of course the downside for both of them would be getting to the bottom of the source and proof, because if someone says "X happened today", then you do not know if you should trust them or not, but if you look for the source and find proof that indeed X happened, then you could feel better and online is the way to go, because local media doesn't have a source for you to look into, but online does. This is true even for wikipedia, there could be something wrong in wikipedia too, it's just people and nothing more, which is why I think it should be quite important to make it work somehow and find the source. |
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