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1161  Other / Beginners & Help / Re: What do you need to learn to make profit in Crypto? on: May 13, 2021, 03:51:23 PM
Is my strategy good or is this not good?

Any help is greatly appreciated.

Just lurk everyday in the crypto world reading crypto-related stuff. The fact that you have now learned about wallets and some scam attempts related to crypto, was a great start and you understand well what you read. Try learning the basics of crypto-trading as your next subject.

Take one step at a time and soon you will be used to it. While in the process, try to make small trades along the way to somehow feel the actual pressure of doing trades. Just be serious if you really want to know more about how to profit in crypto.

I like this response, I am the type of person who believed that reading is the key to knowledge so yeah I agreed that if you want to make a profit in crypto then always read crypto stuff. However knowledge alone is not enough that is why you need experience, try to engage in more crypto stuff like trading, investment, and more. That knowledge you have gained will be your guide for example you could make a trading analysis out of the current trend in the market, that way you'll be able to win and make a profit.
1162  Alternate cryptocurrencies / Altcoin Discussion / Re: Doge is to hold should not be trading on: May 13, 2021, 02:42:13 PM
Dogecoin is not a serious project. It is irrational to be putting so much faith in an unhinged megalomaniac like Elon Musk. It is not a store of value so there is no reason to be holding it. Dogecoiners are deluded by their own greed.
Tell that to the people who earned a big profit in DOGE, they will just laught at you. Nothing wrong hodling it, the coin did pump in prices and I think the right advice is to not to go all in with DOGE but you should consider putting some money in it. Also, any coin that is listed on an exchange should be traded, it makes their market be healthy.

Well, there's nothing wrong holding it indeed but be aware that DOGE has no strong a foundation as other big do have so you should still know your limits, know when to make exit. Not gonna lie DOGE becomes one of the most profitable coins right now and there's nothing to go with the flow but once Elon saw an opportunity to take profit I think that would be the end so if you are taking the trend just be ready all the time because we don't know what's gonna happen. Just DYOR.
1163  Economy / Speculation / Re: Who is Faster to dwindle at the price in the long run BITCOIN OR GOLD on: May 13, 2021, 01:37:54 PM

Correct me or add some information I'll gladly accept any suggestions where would I prioritize investing in the long run.[/color]

I checked the price of bitcoin yesterday and it was trading at $56k and waking up today to check the price has dropped to $50k and with that you see the speed of change in bitcoin, although such change is both for increase and for decrease, it is then depends on you about the kind of risk you desire to take. Bitcoin is decentralised and not controlled, many investors like it as that but gold isn't that volatile and you could either have some information about it before a major slide.

There's no doubt Bitcoin is the one who will win when it comes to price movement since it is more volatile than gold. However, knowing the fact that it is volatile it is more like a double-edged sword as the price could possibly make a huge dip and that happens, unlike gold which is more stable. With that note, I don't think they can be still comparable as they have their own pros and cons. If you like to take a greater risk then go for Bitcoin and if not then go for gold it's still your choice anyway. Folks right now are into quick profit that is why they choose to invest in Bitcoin and the rest of cryptocurrencies.
1164  Economy / Economics / Re: Bitcoin Is Protecting Human Rights Around the World on: May 13, 2021, 12:43:48 PM
The existence of bitcoin aids humanity in many ways but it most likely give everyone the freedom from being under the control of the government. As we can remember, bitcoin is a decentralized currency, not only it is not under the government but it is also an effective and plausible way to escape poverty if ever you become successful with your investments on it. It freed us from the taxes that are mostly being pocketed by corrupt politicians and their opression on how we should earn and make money. Nevertheless, it will still depend on you on how will bitcoin function in your life.
But along with this freedom given by Bitcoin people who have malicious intent are also using this for their own benefits like using it on money laundering and such that is why the government is very concerned about it. Due to Bitcoins decentralization, we can choose whatever we want to do with it without being tracked by authorities but we must not abuse this anonymity that is why some countries having a second thought of accepting it. Anyway, it's just a piece of advice but I hope we use Bitcoin in a way that could not harm others.
1165  Bitcoin / Bitcoin Discussion / Re: Bitcoin without electricity on: May 13, 2021, 11:58:15 AM
One thing that remains critical to using bitcoin is energy. Energy to mine, and validate transactions. Energy to trade. And energy to access our wallets.
But is it possible, to be able to use Bitcoin even when we don't have energy?

Today, if I run out of electricity at home and want to go buy some batteries, for a flashlight, I can go to a store with some fiat coins and buy batteries. But that would not be possible if you want to make that purchase in Bitcoins. This remains a very good advantage for fiat coins.

How can Bitcoin overcome this problem?



For now, I don't think we can do something about it because Bitcoin is a digital currency and that means it must have energy for you to operate it so there's no way you can make a transaction with Bitcoin if you run out of electricity. That is the reason why it can never replace fiat in that way, so yeah fiat is much better to use in this kind of circumstances. Besides, I think everything will be a mess if we ran out of energy not only Bitcoin but the majority of the transaction across the world whether it is physical or virtual.
1166  Bitcoin / Bitcoin Discussion / Re: Is someone worried about the recent decline of BTC? on: May 12, 2021, 04:08:16 PM
If you are looking for long term investment, Bitcoin is perfect investment for you. Therefore, even the price is declining no need to worry because Bitcoin can manage to recover again sooner. We know Bitcoin is potential and very promising coin that can overcome all odds.
That's right, why worry about short-term drops in prices when you can wait for it to go up in prices in the long-term. That's what I don't get, why do people worry about the drops, how many times does bitcoin has to prove itself before everyone doesn't have to worry about short-term hiccups in prices.
1167  Economy / Speculation / Re: BTC in the $xxx,xxx price zone on: May 12, 2021, 03:28:02 PM
Of course you are a 100% sure, you put all in on bitcoin right? I believe that bitcoin will go to that point too but I have to be a little bit pessimistic right now, the prices are a little stagnant this month and I think that this will continue mid-year but hey look at the bright side, more time to accumulate bitcoin to get bigger profits.
1168  Economy / Speculation / Re: Would it be foolish to take out a crypto loan at this stage of the bull market? on: May 12, 2021, 02:15:07 PM
Will the loan have interest or will it increase when you payed it past due? If yes to the both then I would suggest that you shouldn't be taking out loans because the prices are really on a limbo right now to consider doing a loan to get more bitcoin, maybe if it is your money there will be no problem and always remember that loans aren't your friend, they were loaned to you for a reason.
1169  Bitcoin / Bitcoin Discussion / Re: What have you bought with Bitcoin? on: May 12, 2021, 01:40:01 PM
i have never bought with my Bitcoin and didn't intend to do that.  i want to collect as much bitcoin as i can collect.  making Bitcoin a long-term investment asset i think is much better than using it to pay.
What's the limit to that time that you are going to hodl your bitcoin, you shouldn't make it a really long time, remember to always get some profit when there is an all time high in the market prices, it helps that youget to enjoy what you are hodling once in a while. I spend mine on electronics the first time and built my PC along the way.
1170  Alternate cryptocurrencies / Altcoin Discussion / Re: I Wouldn't Invest $1 In Dogecoin And Here Are 10 Reasons Why on: May 11, 2021, 04:18:26 PM
Because of that pointers, newbie traders will again confuse about what to do regarding Dogecoin investment. Smiley

Just ride the hype but don't get be carried away. Take profits as possible and don't expect a much higher target price. Dogecoin is no doubt one of the good additions to our portfolio but I don't consider it as worthy to hold for long.
Indeed knowing that DOGE only became that huge because of the hype hence, it wouldn't worth holding for too long, anytime if Elon Musk ditch out DOGE those who will be getting out late is the one who will suffer. It's not bad to get in the hype because it was really worth in fact you will be able to get a decent profit from it but don't get carried away, make sure you know when to get out. Know your limitations and you'll be fine.
1171  Economy / Trading Discussion / Re: How much can you predict this sh*t?! Or is it pure gamble? on: May 11, 2021, 01:30:16 PM
it is hard to say that in trading it is not 100% that all of your prediction is accurate but if you know how to analyze and reading candlestick you have high percentage in gaining income.yes you gamble in that coin but it is part of trading, not all the time you are gaining sometimes you lose and it is normal for traders and investors.

You nailed it. Even if you have you TA or know to analyze and read the market chart this will not guarantee a 100% outcome because sometimes there are few sudden factors that could affect the movement of a particular coin. But with the help of analysis, it mitigates the risk of losing your trades. It would be only a gamble if we trade without taking any analysis. Loss is just normal, it is part of trading, not all the time you will have a fruitful outcome and you should know it.
1172  Economy / Speculation / Re: The next Bitcoin manipulation prediction on: May 11, 2021, 12:08:02 PM
It seems that this is the classic case of:

  • price increase: "adoption! to the moon!"
  • price drop: "mAniPuLaTiOn!"

Price corrections happen. I'd be more concerned if bitcoin just went up in a straight line without dips.

Most newbie just wants moon when they buy bitcoin or any other cryptocurrency. If the price goes lower than they bought, they easily panic spreading some false news on the internet. I don't know if they know the risk of it if it only keeps going up, they just think of their profit if the target price they want is achieved. Cryptos are really volatile so it is really hard to say if it is manipulated. Why would someone sell their holdings if they know many are waiting for it to go down and take that opportunity to buy.

Well, can't deny it everyone's love when his coin is surging up because they will have tons of profit and that is why we are here right to make a profit. However, the problem is when the coins don't meet their expectation like having a slight correction they get paranoid thinking that it is the end causing a panic over the internet. Correction is normal in a healthy market, not all the time it will surge up there will be still some who take a profit causing a drop. Regarding manipulation, it is really hard to tell if the market is getting manipulated perhaps I will only say that the market was manipulated if something big changes happen on it like a sudden pump or dump.
1173  Economy / Economics / Re: If we have crypto Why people still buy stocks? on: May 11, 2021, 11:28:33 AM
Why people still buy stocks?
If with crypto much bigger profits *
3% daily gain is nothing If you can get 100% profit with Good coins pump.
How the Hell people Even get rich with stocks with so small profits? 


Apparently, because it is way less risky than crypto. We all know how unstable or volatile the crypto market is and perhaps they can't handle that amount of risk that is why they still choose stocks over crypto. One more thing I can think of is that they have no idea about it or they prefer stock because they are much used to it like if they transfer on crypto it would be a bloodbath on their portfolio or something. I think we all have our own preferences so let's just respect each other if you like crypto then go for it and if you like stock then go use it, it all can be profitable anyway depending on how we will handle our trades.
1174  Bitcoin / Bitcoin Discussion / Re: Safest way of long term holding on: May 11, 2021, 10:50:46 AM
Talking about the safe way of storing your Bitcoins that is where hardware wallets take part because it is away from the internet so there's a less chance for it to get hack and stolen by anyone unlike web and mobile wallets. However, since it is a hardware wallet is it more prone to physical damage that is why you must take care of it and placed it where does anyone doesn't know and away from the place where it can be easily destroyed. Another way of holding your stash is to diversify your BTC in a different wallet so that even if one of them got destroy or hacked, the loss wouldn't be that much.
1175  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you guys think about the Old coins? on: May 10, 2021, 02:49:13 PM
Hello Guys,

Coins on top for 2017 like EOS, VET, ZEC, DASH, NANO, XTZ...
Can they compete with existing coins like DOT, LINK, coins on DEfi.

Should I invest in old coins?


Well, there are advantages and disadvantages to investing in old coins and new coins like for example, new coins are more profitable right now as they are in hype so the profit is much faster but bear in mind that they are riskier than the old coins. Old coins manage to live up til now without the hype and we can conclude that the foundation was strong, unlike new coins where we don't even know if they will survive when the cycle is over. Anyway, whether new coins or old coins they can be still profitable but not all of them that is why make sure to do proper research for you to be able to determine which are good and which are not.
1176  Economy / Speculation / Re: CoinDesk editor believes Bitcoin will hit 1 million per coin. on: May 10, 2021, 01:25:51 PM
In an live interview with Yahoo Finance Coindesk Editor has boldly claimed that bitcoin will be hitting $1 million dollar per one bitcoin, and given the current market trends how realistic do you feel his statements is?. Also if you believe there’s a huge possibility of this being true, then what time frame would you speculate about seeing Bitcoin prices crossing this huge milestone.

Source:

https://finance.yahoo.com/video/believe-estimates-bitcoin-eventually-hit-201346367.html
Honestly, wasn't really sure if Bitcoin could have that price someday but since everything can happen in crypto then I'd say there's a possibility. 1 million was a crazy amount for Bitcoin but looking on the market now for as for example Doge if they will able to push it to 1$ then certainly Bitcoin can hit 1 million as well since we know Bitcoin was better than most of the altcoins after all. Regarding on the timeframe, one thing is for sure it won't happen this year, it will take a couple of bull cycles and years for Bitcoin to reach that mark.
1177  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: May 10, 2021, 12:38:27 PM
~

Yes, easier said than done. Someone who is addicted to gambling, the moment they recognize it, will make rational plans to stop gambling, but it's not as easy as just making a decision and doing it. He will usually relapse and it is because his emotional state will dominate over him, even though he knows that what he is doing is not the rationally right thing to do.
I was also speaking at a personal experience but the good thing is that I was still young when it happened so I don't have that much difficulty trying to resist my gambling urges, good thing that I found a really good distraction. The relapse is the saddest thing because you felt like you have already won the battle but then the problem reels its head again and you are back to square one, it is frustrating but you have to do it again.

It knock you off again since you are continuously browsing the gambling boards for sure you will be curious again to try what other experience on their gameplays I know gambling is addicting but if this affect your lifestyle better get out of it and the first step you can do now is to ignore the gambling boards and stay on other section so that you will not back to square one and regain your normal life again.

Well, you have a point because if you want really to get out of gambling addiction you must set your attention to other things because making an encounter once again on any gambling-related stuff would just make a relapse, though of course, it will still depend on you. However, visiting this section will possibly temp you to get back but if you have a strong resolve it everything is will be fine. Some others like to visit this section not to reminisce their past, they were here because they just want to bring awareness from everyone and share their stories.
1178  Economy / Economics / Re: bitcoin for everyone on: May 10, 2021, 11:22:12 AM

so. even in the most extreme case equal distribution of bitcoin among all people on earth is quite resanable and 1* ten to the sixth power USD per BTC looks alright. all we need is a mechanism of equal distribution/

I'd say it is quite an interesting topic and I like the idea of giving charity or donations. However, I don't think Bitcoin will be a good tool to make it happen because first of all, not everyone has access to this cryptocurrency like Bitcoin so even if you allocated it equally I still don't think everyone will benefit from it. There's a possibility that it might just sit on their wallet and not use single any of it. Perhaps if you will plan to have a kind of charity like this one using FIAT would be much appropriate.
1179  Bitcoin / Bitcoin Discussion / Re: Crypto kings and queens: Who are they? on: May 10, 2021, 10:40:50 AM
Upon talking to the king there's no doubt the persons, group, or whatever who made Bitcoin is definitely the King among all coins because I don't think this industry will boom without the introduction of Bitcoin. Regarding who will be the Queen, I can't pick out of them because every each one of them has their own contribution Ethereum's founder Vitalik, CZ Binance and more they all have a big contribution that makes crypto keeps in trend I highly respect so I can't see any reason which one of them who will be the next for Bitcoin.
1180  Alternate cryptocurrencies / Altcoin Discussion / Re: Will BNB become the king of all coins on: May 08, 2021, 03:03:36 PM
As information from CZ: 1.2 billion dollars BNB is transferred in 1 second, which takes less than 2 cents

On June 26, about $ 1.2 billion Binance Coin (BNB) was transferred in 1.1 seconds, for a fee of only $ 0.015 on Binance Chain, disclosures of this data were published on WhaleAlert , a platform that tracks important transactions. The exact amount of BNB transferred is 32,888,888. As a Twitter user pointed out, 8 is a number unlike anyone in Chinese arithmetic, quoting Wikipedia: "Number 8 is considered a good number that even some 8s are considered is very lucky ".

With such successes do you think BNB will become the All coin king?

Well not gonna lie BNB is such a good coin but perhaps I don't think it will dethrone Bitcoin from the top even though it has a cheaper transaction fee. Besides before becoming a king, it should pass Ethereum first and we know how expensive does ETH network has yet it still remains in 2nd position. However, who knows everything in this market is possible maybe in the future but for now, I don't think it will be capable of beating Bitcoin from the top.
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