We can always remind ourselves and others about the precautions and steps to make sure that holdings are secure to prevent loss, though I'm sure that there will always be mistakes and irresponsibility (both are human nature after all) and therefore Bitcoin will always receive involuntary donations.
I agree with that, I do not think that they donated to make sure that the supply drops and the value would go up. I think they just involuntarily did that by making a mistake. I have done that before, there is some money out there somewhere in the world that I used to own. I am fine with it and at peace because it was about 10 dollars back then, and probably somewhere close to 3k today, and will probably be more later on. However, I had the chance to get more of it when I can and decided not to, so it is going to be a different situation. In the end we are talking about a situation where it is going to be difficult and we need to learn to live with it and can't really make a big difference in the end when the time comes. |
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We will never know the intention of a whale that comes back alive after a decade or even two. And this is becoming a typical thing when a whale comes back alive with tons of Bitcoins that have been sleeping for so many years. It just so happens that there are these monitoring bots and software that do track these old Bitcoin addresses that contain a lot of Bitcoins and anything that make them move, it's out of our business but it becomes news after all for many of these media and people that do track them. But if you're going to think of it, this isn't a real matter to think about whenever people are normally moving the Bitcoins that they've held for a long time. They're just like us despite we're not a whale.
The intention is that most of them have plenty of wallets and not just one, and they use the other ones and keep a few just for saving as well, and that means they are going to end up making that active when they move it around. Plus, even though the security of bitcoin is great, it is smarter to end up changing the wallet here and there time to time because that way nobody could hack into your system, otherwise your wallet could be hacked into one way or another, specially ones that move away from legacy address to segwit address makes even more sense to me. This is why I believe that it is not always to sell, sure sometimes it could be for selling but there are many other reasons then selling and that could be the reason. |
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Why would they penalise you if it’s strictly legalised? Is it legalise or is it banned? They both are way way different mate. Anyhow you should check up with your customs whether hardware like this can be imported or not? It’s just that it falls under electronics category and not a crypto itself. If not then just generate a paper wallet from the VPN and get yourself a safe cold storage for very long period of time or until the time they open crypto channels for you guys. It happens to seem no problem at all. If you get Bitcoin address then you are good to go for receiving the funds. You may not be able to send them since for that you will need to install software wallet or access some exchangers that are banned. But consider this as your cold storage may be.
I am guessing that he meant that it is not legalized at all, he may not speak fluent English, one sentence after that he asks how he could get hardware wallet into a nation that made bitcoin illegal. If I read it right, its about living in a nation that made bitcoin illegal and he wants hardware wallet. I would suggest not doing it, because it doesn't really mean that it is going to work in the end and if you really must, wait until you visit another nation one day and get one there and bring it back, it usually looks like just a usb stick anyway, so it won't get any alarms. I think you can still order it, and maybe there won't be any issues anyway, not like most people know what hardware wallet companies are out there anyway. |
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Maybe Indonesia will become a starter country that supports cryptocurrencies including bitcoin, so that other developing countries start to adopt bitcoin too. There will be many hurdles for sure, but the Indonesian government's decision to launch their own local exchange is a bold and willing one to accept crypto as a valuable digital asset. Even though it is centralized and requires KYC, it is everyone's choice. There are facilities provided by the government to trade legally so that it does not violate the rules that have been set.
I do agree with you maybe it can pave the way for other countries that crypto is not that bad and in the other hand you know that Government like Tax so much hehehhe if this exchange open there will be another income for government. Im still likes gov like this rather than banning anything related to crypto. I do agree that tax could be one of the biggest reasons for this. After all if you have a national exchange, you can literally cut the tax right out of the account in the exchange without needing any extra paperwork. That would mean that anyone who uses this, is forced to pay taxes by just simply using it. That's why it looks like it would make sense, for the government of course not for the traders. In the end, I am guessing that it is going to be a bit of a different situation, like such as people trying to find other alternative ways to get bitcoin, because when government does stuff like this, there are majority who uses it, but there is a minority that wants to find another way without getting caught and pay that taxes and give information. |
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Good time to buy is when price hasn't crossed the old ATH, and that's when we have money, because even if the price falls further but if we don't have money, there is nothing we can do. One more thing, there is no guarantee that the halving is approaching that the market will rise without falling and conversely, bitcoin is always unpredictable. Therefore, before investing must always draw up a plan and follow the plan, we will not be confused and panic.
I agree to this. When you buy around these prices that means we are going to eventually be over the ATH price again and that means you are going to more than double your money as well, that's an important thing and everyone should consider it as an important part of your investment. I know that not a lot of people see it that way but that's how it should be done. Unfortunately too many people see it at the low price and think that they should stay away from it but they are making a mistake. Seeing the price low doesn't mean that it should not be bought but more like it is going to end up with something that is going to change things. That way you could buy at the low dip price and you are going to end up profiting. |
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I'm quite doubtful that Bitcoin will reach its new highest price next year before going through the halving because if you look at the four-year cycle it takes some time after the halving then after that the Bitcoin price reach the newest ath, but if it can reach its highest price in 2024 then it is very likely that the price will be even higher in 2025, and the price of $ 120,000 is a prediction of the price that Bitcoin will reach in 2021 but it turns out that it only touches half of the predicted price, so predicting the price of bitcoin is easy but many things will affect whether it can be reached later or not, but Bitcoin lovers will always believe that the performance of this coin will always be impressive for the holders, and not so fixated with the predictions of the experts.
I agree that it will not reach the highest end before the halving, I believe that it is going to reach there after a while and that should not be that much shocking to most people neither. It is going to be something to care about and we are going to end up with a better return, we just need to make sure that it is not doing all that differently. It is going to be something to worry about and change but that's just who we are at this point and halving is what we wait for. After halving, things are going to be a lot different and we are going to see it go higher and higher and higher. That's how it has always been like and people are making it happen the same way again because they are so used to buying after the halving. |
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A true Bitcoin investor, does not give up Bitcoin just because of the words of others. Because they know about the success of Bitcoin. And they know that a long-term investment in Bitcoin will never disappoint them. Because long-term investment in Bitcoin guarantees extra profits. This greatly increases the confidence level of a Bitcoin investor. And they never want to give up Bitcoin.
Of course, and that's what we love about bitcoin, it might be very hard to see the price going down in a bear market, but once the bull run arrives, we are going to be happy as we can see our portfolio growing and maybe many of us here will become millionaires in 2024-2025. But the hard part is that how we accumulate, it is during the bear market when the price goes on a spiral. And so we need to take advantage of that kind of down turn and don't be afraid of it. Instead we should take it as a opportunity to save and accumulate more bitcoin and then wait for the next bull run to occur. That is the thing that makes this a lot better and entertaining as well. I think as long as we trust the bull run and what the price will be in the future, we shouldn't really be worried about the future at all. We can see it go up in the future and that's the only hope we have during bear market periods as well. I have held my coin all through the 2022 terrible period without selling any of it. I believe that we are going to do fine and I think it is going to be very important for us all in the end as well. This is of course depending on the situation and I believe that if anything unexpected happens that require our attention and money, we may end up selling it, but that's understandable, that's why we invest anyway. |
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If more people see BlackRock the same way you do and have the same level of optimism, maybe it has some addon effects I can't yet foresee nor understand. For me, at the very least, they'd need to be buying actual coin a la MicroStrategy for it to make sense to me, but still -- I can concede that at worst, it can't be bad news.
Half a mill, still too rich for me, but happy to eat my hat if that happens. Might even eat two hats.
I feel like it's all about getting more attention, it could be via getting actual coins, it can be like this, it doesn't matter as long as bitcoin name is on the papers and in the news. If we can get more attention that means even the action itself may not increase the price, but the news of the action could end up causing others to join in and increase the price. That is the aim, and I believe that as long as billionaire people and companies enter the market that means that we are going to get richer. Microstrategy is a great example, they did something and if they are example to any other company eventually that means it's a bigger impact than the money they got in with, their money caused other money to get in, and that's what matters. |
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I do not, let them learn the harsh reality themselves without us teaching them anything and if they are smart enough they will learn about it on the first try, if not then they are going to end up with a problem that will not be easy to solve and they will keep on losing until they learn. This isn't my job to teach them what to do, it is not going to end up with a good result for anyone and I think it is going to be very important to make a difference.
It is going to be something to care about, but what I do not fully understand is that if you are doing so many mistakes, then I need to get them and talk to them and make them understand the issue, I shouldn't be the one to care and I know people dislike that notion but it's the truth.
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Can you please help with any Altcoins that coins that someone can invest on in this particular time.
Bitcoin for about 10-15k of that, and the rest on ETH as well. That's what I would do for the time being, if you are not entirely sure about the projects then you are not knowledgeable enough to invest right now, without knowing what to invest yourself then the top two coins should be the best ones for you to invest. After you make that investment, which would be more than good enough because it is actually a good investment, then you can start to learn more about crypto and you can start investing more into crypto as well. It will make a lot of profit for you and you will end up with a decent return. Of course this would only happen if we are talking about someone who is a newbie but if not then no veteran should ask what to invest here to begin with. |
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even though we're heading towards those trends especially Web3.0, there are still kinda "slumps" into it. We've been around ICOs back in 2017 and innovation were still coming through then we got NFTs, but the trend just died down after couple of years. Right now we're heading towards AI where it might impact a lot not just in crypto but to the whole market itself.
Good thing I am not easily brought down by trends. Trends aren't equally meaning as worth it. I've seen a lot of NFTs being mentioned to be the future, but I wonder where are they now though after they went radio silent for so long.
We are not heading towards AI, we are inside the AI period, which means that if the bull run happens right now then AI would have been the biggest thing, but all the AI projects right now getting failure because we are not in a bull market right now. When the bitcoin passes its current ATH and be better then we are going to ask what is famous right now? That's going to be the case and that's going to help people out. It is not going to be easy but we are going to end up with a solution that would be important. This is why I have some changes in mind to AI, and that needs to be something that automates things that makes peoples life easier. So whatever AI automation is famous at that time, could be the important one. |
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As it appears now, it seems the XRP is coasting to victory in the suite. We have seen a report rumoured that the court was suggesting the US Security and Exchange Commission settles with Ripple and XRP out of court. Another thing suggesting XRP will win is that all the major exchanges like Coinbase that delisted XRP are now relisting it. It is a sign of big win for Ripple XRP.
They just delayed this case because they wanted to gather more evidence which will not gonna happen because there is no such thing in the case of Ripples and they could have close this one since they don't find any solid evidence to close the company. It was really not healthy anymore for the market of XRP since the involvement of the SEC in their company and it makes the investors doubt whether it is reasonable to hold XRP for the long term or not. Now when they clear everything about this case, surely the price of XRP will rise and they also get more people to trust them. There is a very solid reason to close the company, which is the fact that they printed their fake money and sold it to people and used those peoples transactions to power their blockchain which they used to profit from other companies as a payment processor and transfer company. That is illegal in so many cases and they can shut it down anytime they please, there is really not a single second they need to stop, they can shut it down even today. But, you need to understand, white crime is not a big deal in the USA, you could literally steal billions and be out quicker than someone who steal 100 bucks from someone. As long as you bribe the right people, you are going to be fine and Ripple unfortunately knows who to bribe. |
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I have no doubt the Bitcoin price will reach its new ATH in the future and indeed any time is a good time to buy bitcoins if planning to invest for the future.
But throughout this year I don't see any more big pumps happening, the movement that has occurred throughout this year has always been stalled at prices close to 30k so I think that's a point in the year and that's positive enough that it's almost doubled compared to the start of the year.
This is why many people are buying bitcoin but there are also a lot of people who sell their bitcoin because they are not aware how much profit they could make from bitcoin as well. I am not really entirely sure how much sense that makes for some people but that should be the important one considering how they could make a profit later on. I mean think about it, we are talking about something that is dangerously profitable and also risky at the same time. This type of risk/reward situation makes some people hopeful and hyped because of the reward potential because they see how high it can go, but some people worried because they have seen how much it could go down as well and have seen it happen before so they worry about it. |
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This small detail shows how things are going towards centralization and full control of crypto by the Indonesian government, because all cryptocurrency transactions will be done through the government-controlled exchange.
In addition, of course, to impose KYC.
That would not be that much of a trouble because people really want to do it and that alone is enough if you ask me. Think about it, we are talking about something that gives credibility and legitimize bitcoin and that means it is going to be used anyway. It is not going to be simple to make it work because we are talking about government interference and people do not like that. But, when the alternative is not to use it, I would rather let the government interfere and still use crypto then not use crypto at all. That option is not an option at all for me, because in that case I am not using crypto, or illegally use it, and that is never a good thing to do because if you are caught then you are going to face bigger trouble for sure. |
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As a newbie in the crypto space, I want to know the steps to take to be able to understand technical analysis and also know how to enter a trader.
There's a lot of sources right there in the internet you can take video courses like fundamentals and technical analysis there are some posts in social media offering a book that you could read related how to manage your money with trading properly, just use the internet in just a second you can now get the information you want to. Some people offer their services like boot camps (personally I'm not a fan of it ideal to learn by yourself), somehow there's a different story that they succeed in life but some others don't. Take time to learn and take it slowly not as always there's a shortcut like here in trading you need experience, patience and knowledge with your trades. This is the right approach but you need to be careful about it because if you are not then you are going to end up losing a lot of money on it as well. Unfortunately there are a lot of people who still do not know how to make money and how to study, if they find something very cheap and terrible and study from there then they are not going to learn most stuff. I do not know if there is a consensus on which website or video that is the best on teaching these stuff but it should be very important to make sure that you end up studying at the right place. If not, then you are going into the war with no shield, against people with swords and axes and shields, which will make you more vulnerable and you are going to lose out most probably. |
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Even if you have those pointers but if the person is not willing to spend sometime to study about all necessary things that they need to learn then all of the pointers given is just useless. Maybe they need to know their intention first in why they are here since if they are for short term maybe crypto trading is not for them since it need a lot of patience and proper learning. But if they are for longterm for sure they can see the down trend and upper trend then provably this can help them a lot to know more about possible strategies that they can create to help their trades and maximize their possible profits.
Unfortunately too many people are looking for a short way out of this market and they want to just be fed what to buy and when to buy it. This is unfortunate because they are not going to be fed that easily and it will take some time before they could do something like that. I know that it is not that easy to handle this but if you do not then you are going to end up with a terrible result eventually, that's just how it is. I believe in making a better return one way or another, and if that's not possible then we are going to end up with a terrible ending. Just focus on learning what you can, and that should be the way to go, it would make it a lot better for everyone. This is of course a tough situation without a doubt. |
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Not confident in their analysis/trade ideas/biases: This also needs the trading psychology to be in place otherwise, the trader in question will either miss out on trades or leave money on the table (closing trades too early). Everyone knows the market will play a number of tricks on the emotions of traders and the only way overcome this is to be emotionally intelligent and an on-point trading psychology.
When I was still trading actively, it was one of the things I struggled with for the longest of time - Market moves in my direction but I was already out of the trade due to panicking - afterwards comes regret.
If you are having emotional stuff while trying to trade then the result most likely be a loss. It's much better if you could end up with a good result and in order to do that you need to make sure that you are on the right path and not feeling anything when you trade. In order to be able to do that you need to reach to a point where it is going to make you a profit without having any bad result, and that's not an easy thing. I believe that we need to reach to a point where it's going to have a bit of a trouble one way or another, but that doesn't matter how we are going to see that change. In the end, it is going to be a time consuming thing, but it is not that impossible and it can be done, as long as we put our efforts into it. |
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In my country what some people made every month is going to be enough for rent fee only, no extra food buying opportunity or hospital bill, now things are even getting more difficult, you treat typhoid now costs a lot and many start boiling water and avoiding road side food to avoid getting sick, just pray you are in good health or else you are in a big problem, everything health care costs a lot.
The only option left is to learn a skill that will pay your bills and also keep you alive through medical bills and checkup, the problem is the country situation but the bigger problem is your monthly income or source of income.
Unfortunately that is true for many cities all around the world. Rent is not nation based but more like city based because even from city to city it changes which means that we are going to end up with a situation where people will pay a lot of rent in one city of a nation but on another city of that nation it could be cheap. In my country, the three biggest cities have rent so high that the average salary is literally lower than the rent in those cities. Think about it, an average salary is not enough for just rent. Of course people work more and bigger jobs, sometimes two jobs, and thanks to that they survive but it's a tough deal. I am in one of them, and thank god I own my house, otherwise I would be poor right now. |
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Much has been discussed about trading cryptocurrencies offline. I think it is still impossible to realize. Because now is the digital era. And cryptocurrencies are digital markets and are created using internet-based digital technologies. Until now I have not seen an idea that is close to the application of digital asset trading offline.
Though nothing is impossible because we have seen things that we never expected happen and get success too, it still doesn't sound like there is going to be anything like that because the world is revolving around the internet these days and everything is becoming digital, so instead of going forward, technology wouldn't go backward because offline things were used to be the norm when there was no much internet and technology available. And if we talk about trading, that becomes even more difficult to be done offline, one can think of only making transactions from one wallet to another wallet offline if it's designed in such a way just like how we send SMS from one mobile to another, but trading them wouldn't be a possibility. That is true, when the world accepts a new technology they end up using it more and more, there are some "inventions" that didn't get picked up so we may never use them or maybe come back to them later but the internet is not one of them. We have been using it for a very long time and right now the whole world is built on that. If you could cut the internet of a nation for just 24 hours, you would make that nation lose more money than some natural disaster. This is why it's quite important to realize that we are talking about something that would never happen. Of course there are places in the world where there is no internet, but at that point it's not internet companies job to bring internet there, it's peoples job to move somewhere where there is internet if you ask me. |
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I guess it's about the hype and people are just way too hype to make a search and they come here and write the topic on their mind. I can't say if that's a good thing for litecoin or a bad thing. I mean this isn't really shilling considering litecoin doesn't need that, but it also looks like there are hyped weaker hands as well sometimes. In any case, we can see from here that there are a lot of people who are super excited for it and they can't wait for it to start already. I believe I could be one of them, I mean not this much of course but I do like to see the halving as well, not starting the 7th topic for it lol, but definitely invested some of my money already and waiting for it to start going up. |
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