What do people think? Is it better to invest, say, 100 dollars in ether or bitcoin?
Both are good to invest with, to be honest, in fact, I'm investing in both of them and they are profitable. I think I am more with Bitcoin if I am doing a long term investment while on short-term investment is ETH. Alts like Eth are more volatile than Bitcoin so it would be more efficient in the short term. Anyway, that is for me maybe you can make your own research that would suit your playstyle. |
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I think merit system has been good for the forum.Because it stoopped newbies from spam posting. They just copy some text from somewhere and post that on the forum. So its become intolerable for the real users.
So I think merit system has been very beneficial for the forum.
It is very beneficial in this forum because it kinda filters out or segregates the good poster member into spammers. I think without this merit system this forum would be a kind of mess where there will be a lot of spammers trying to ruin this platform. Honestly, I enter the forum when it does not have a merit system yet but I wouldn't say that it was worse because there are fewer members way back then and easier to manage compared to now though. So yeah merit system is healthy for this forum for it to be last longer. |
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You sell something and later down the road, that goes multifold.
How do you deal with such things in positive way?
Well honestly, I kinda regret this one, and not gonna lie it did happen to me many times. But I always tell to myself as long as I got a profit on it, that would be matter. I can't do anything, I don't want to grieve on it because there's nothing will change anyway so better to get a grip and enjoy the profit. Besides, you don't know what exactly gonna happen market moves in an unexpected way. You could also buy it back again if you want more profit cause it will never be too late. |
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Many predicts bitcoin will reach 100K, 160K even 200K and more. but no one say what happen then? what happen when reach for example 100K? will be stable, fall to zero, continue with correction or raise more? what is your suggestion  Yeah, those values are possible to attain however the only thing is we don't know exactly when. $100k seems possible in this year though if Bitcoin keeps growing, currently it is playing around $38k and it seems slightly recovering reaching $40k once again. Regardless, upon holding just make sure that you do set your exit point and don't be greedy. Besides, I don't think it will fall to zero, it may go fall in the floor but I don't think it will become zero unless no one using it which is impossible especially today that crypto is now becoming a thing. |
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From the coinmarketcap, we could see lot of coins and tokens listed on daily basis. Some have potential to give investors good returns while some are just shitcoins that drain one hard earn money. This year is anticipated to be a bullish year for crypto, what is the best crypto you will stockpile outside Bitcoin. before the closed of the first half of the year.
Just like the old times aside from Bitcoin, Ethereum was the next coin that I would rather invest with. Knowing that eth has been here a long time yet it managed to get the 2nd spot in the whole market. Now that the ETH 2.0 is getting closer I think this will be more interesting. I could also invest a little few amounts in BNB, Chainlink, Cardano, and more but mostly it would be on Eth and Bitcoin. I just can't try to risk to new coins, they could be more profitable but it also puts a lot of risk exposure. |
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I don't know why most people enjoy the heavy rise of bitcoin while it is only good for long term holders. How long do they want to hold? Forever? They have to sell at some point and exit the market. For day traders like me, expensive bitcoin is not attractive at all because it not only reduces my profit, it also increases my stress.
I have to buy at $40.000 and sell at $40.200 to gain daily profit (This is an example). This is much less profitable than when I used to buy at $8000 and sell at $8200 the same day. Apart from this, whenever I buy at $40.000, I am worried about a big crash right around the corner because the prices are too high now.
How do you cope with this situation as a day trader? Do you dare to buy $40K bitcoin for short term trading?
Yeah, why not I mean as long as the coin is volatile enough to make a profit. Now in the case of Bitcoin, I think you could say that it is the right to do it because the price is moving up and down unlike before where Bitcoin only moving upward. If you are planning to do day trade I will highly suggest using another coin like alts where they really volatile enough perfect for day trade. I think Bitcoin will do but I do much prefer Bitcoin in the long term trade though cause for me it is very effective in that way. Anyway, it still depends on you though. |
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Bitcoin can go to any price any time.
If you don't go in with that mindset you're pretty much screwed.
I went into it accepting my BTC could go to zero.
Yeah, Bitcoin could've gone down to $5k but I don't believe that it will be gone to zero though, if that happens then Bitcoin has no volume by then which seems impossible to happen. The Crypto market especially Bitcoin is always making unexpected movement it could go down to the floor and it can go up to the moon so I don't think we will able to predict it. However, I also think that Bitcoin could no longer go down around $10k because it has now a lot of back up like institutions who already entering the market, the growth was no longer FOMO, to simply say massive adoption it is. |
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German-born programmer Stefan Thomas told the Times he forgot the password to IronKey, an secure flash drive has access to 7,002 Bitcoin - $220 million worth. IronKey gives users 10 guesses for their passwords before seizing its contents.
"I would just lay in bed and think about it," Thomas told the New York Times Nathaniel Popper. "Then I would go to the computer with some new strategy, and it wouldn't work, and I would be desperate again." quite surprised by this news because his Bitcoin trapped in his hardware wallet is very much. Don't underestimate your private key and password, if you haven't prepared the best place (easy to remember and reach) to store your private key and password then do it right now..
https://markets.businessinsider.com/currencies/news/programmer-locked-out-220-million-in-bitcoin-forgotten-password-2021-1-1029961378Well, that's unfortunate. They always said, "NO keys not your coins" that is why it is necessary to store your keys in a safe place as much as possible to make a backup pass so that if one loses you still gonna have your copy. $22 million was quite big and having that big amount requires more care. Another Bitcoin once again locked in a wallet with no one can make use of it. You don't want to place it in easy to reach but also mind of placing it on a secured place for not to be accessed by anyone. |
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Gambling is as old as human. I know a handful of people who use gambling as their source of major income and depend on it solely to discharge their financial needs. They are gifted with lucky hands and predict the best odds with the highest benefit.
Yeah, I think those people are the ones who play with the best odds. They are likely not relying on luck perhaps using a trick on it because there's no way you can win in gambling consecutively with just luck perhaps they're using math on it. Actually, I have read a bizarre post regarding this one, I think it was it was MIT students who used math to increase their probability of winning. Regarding to the question of OP, yeah technically there is but I'm just not quite sure of it though. |
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They've said their thoughts based on their analysis. For me, I think that the $100k in this year is possible. Maybe it won't be exactly $100k but Bitcoin could attain a price as high as that. Also, do not really follow what these people say; do not make investments based on others' thoughts. DYOR and make your own guess (it's all guess work anyway).
That's right you don't wanna take those analyses spreading around the internet yeah maybe some of them do hit it right but it doesn't mean they will always get it right. It does not how it works, you should know that this market was still unpredictable. The best way is to make your own research because you know what would be best for you. Anyway, IMO, since Bitcoin is having kinda correction right now you might get the opportunity right now since I don't think whales and institutions are done accumulating, Bitcoin could grow even more, might be $50k before the end of the month who knows just be ready. |
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Can Bitcoin ever be use as other country currency and it will still maintain it decentralized digital currency?
I think it is impossible for Bitcoin to become the main currency of one country because it oppose the idea of the centralized government. They could use it as an alternative currency though but mainly use it, no it would mess up the current monetary system. Besides, the transaction speed and fees would also matter or could be a problem upon using Bitcoin as a country currency. Bitcoin was decentralized, meaning everyone has no control over it and the government won't allow these things to fully operate without them managing it. |
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My question to any others buying the same smaller amounts, do you wait until you hit a self decided amount (say £50) then withdraw to cold storage? I'm mindful of multiple fees from transferring it after every small purchase on the exchange. I know its a risk leaving money on the exchange but I figure risk of loss up to £50 with a reputable exchange like Binance is acceptable to save on transfer fees.
It was true that storing your coins on an exchange is not recommended, however, I think it would be fine because it's just a small amount just like you have said, if you keep withdrawing it even if it is a small amount the fees might kill you especially that fees today was extraordinarily expensive. So yeah I think you'll be fine leaving it there for a moment then you can withdraw it to your wallet if you accumulate enough. Besides, the exchanges you have been using were Binance and we know how reputable that is. |
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Hi Friends, I hope you all are enjoying the BTC ride  in Some youtube videos I heard some analysts talk about taking profits in bitcoin without selling bitcoin. some of them even said that they doubled their Bitcoin amount in this bullrun. They don't explain how exactly to do that. I tried to research and can't find any way to do that in any of the exchanges I use such as kraken, bittrex or coinbase. The only way I know of, to take profit of bitcoin bull run is to sell some bitcoin which means the bitcoin holding will reduce. So, I am just wondering is it really possible to take profit without reducing bitcoin holding? Am I missing something here? Thanks  Wait what? How in the world you are able to double your profit in Bitcoin without selling them. There could be some ways (not a hundred percent sure on this though) but I don't you are able to double it. Unless it was a Ponzi investment, specifically HYIP investment. You should totally get out from it, yeah could get profit at first but as it goes on you won't be able to pay out so be careful. I'd like to see those videos though and check them myself. |
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In my personal opinion, I do feel like the price currently is too high and probably an artificial pump. Although it has been beneficial to many traders, I would not get into buying btc thinking it would go way up to 100k$ very soon. What we are seeing is probably the peak atleast for the current time being. Just like 20k$ was the peak of 2017. Bitcoin almost hit 40k$ which is such a big achievement and I think it will just float around that price or come back to 15-20k$. But I don't think Bitcoin will ever come below 10k$ anytime soon.
Same thought here. We all know that this huge increase in Bitcoin price is pretty much done by institutions and whales, and the fact that they are all here to gain profit just like us if they sell out it will totally bring down the Bitcoin but I don't think it will go beyond $10k anymore. It could just play around $15k- $20k but low than that I don't think so. I'm not so sure as well getting the $100k mark this year though because if you imagine that's quite too far perhaps, around $50-$70 before the bear comes. Anyway, this was just all mere speculation because Bitcoin is unpredictable after all but one thing is for sure this is temporary, and make sure to take all the opportunity. |
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Let's just hope that this is not a sign of an incoming crash  I heard a theory that institutional investors will dump their coins on retail investors at the end of this bull run, which will start the bear market. Even if this theory is correct, I doubt that it will happen anytime soon, the bull run has just started, the institutional interest in Bitcoin still seems to be strong, i.e. not all institutions have hopped the hype train yet. My friends have been asking me "when to buy"? I always tell them to wait for the incoming crash, and the bear market that ALWAYS follows. We should never encourage anyone to buy NOW, they WILL blame you if they become financially ruined later. Yeah, it is kinda scary to buy Bitcoin at this point because it was insanely high besides, the fact that I don't even know when the market starts to fall. Even myself having a doubt to buy right now so I won't recommend to anyone to buy at this point. Perhaps, after a correction will do. They can take the risk of buying though but if it starts to fall they should be ready to hold it for the meantime till it goes up again as well. Just tell them what risk and gains can get out from it and let them choose. I think would be much better, you give them your opinion and now it's up to them what decision to be made. |
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Whales or institutes don't stop buying Bitcoin because they want to create hype about Bitcoin, which if their target price has been met,
they will take profit and this can be a big dump. Because the main purpose of whales or institutes buying Bitcoin is to make a profit.
Therefore, always use stop-losses to protect the money used to buy Bitcoin. So if there is a dump very quickly, at least there will be
no big losses, and later we can buy again when the Bitcoin price drops low enough.
They still keep buying until now and that is a good cause because we manage to get profit from it but what if they suddenly dump all of their holding for profit, that would definitely cause a bloodbath in the market regardless of how strong the market is. They're after for profit as well just like we do, sooner if they had enough they can dump it we don't know how they think after all. Hence, we should always be ready at all times to set an exit point as much as possible to mitigate the loss. They brought a good price in this market they can also take it back just be wary everyone. |
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It's always a risk to buy a new coin or token, do not be fooled cos there is no guarantee on any new crypto projects, take the limited risks you can afford and wait to see what happens, the most important thing is doing deep research and if you are satisfied enough go in with little money, I don't take risks with new projects anymore cos I'm satisfied with top projects only, I wish you the best of goodluck
Definitely true. New token means risk and more risk mean more profit. Though the profit is high, still never it never comes to my thought of entering that huge risk because just one mistake and you're totally doomed. It would be better to choose those top projects knowing that is has a higher chance for you to make gains out of it. What if the money you are going to use to invest in new coins should be used to buy the top tier tokens that would certainly secure the gains? It would make more sense, right? For OP, it's just an opinion, it's still up to you though, just be careful. |
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Depends on if you're good at trading or not. If not then no you can make a loss too and more people might make a loss than a gain unless you're doing some "proper" analysis of what you're doing.
Investing is essentially slow trading so I'd start with that and see how you do (eg pick an altcoin to put a small investment in and see how it does - then repeat if it profits).
Yeah, that's what I thought. IMO, since investing are likely slow trading then I think it is perfect for newcomers since they don't need to make an in-depth analysis of the market because you could have just bought some good tier coins like Bitcoin and Ethereum then hold it for a time, doesn't need that much experience. Unlike in trading which is kinda more complicated than investing because you need actually to make TA every time. It does need experience and knowledge as well otherwise all of your trade will be a mess. They can be both profitable but it always depend on how you will handle them. |
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Way back I've been using my signature earned coins into something electronic and gadget because I do love them, I never had any thought of using it on gambling though because I believe that I should use the earned money for something that I can enjoy in a long time. However, now is different, all the coins I got are now being held and there are times that I used it as capital for my investment and my trades. I choose to trade it rather than to gamble, yeah they could be both risky but trading is more certain for me at least because I could make TA to mitigate the risk. Gambling, on the other hand, I don't have any talent for it so better for me to stay out of it.
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How do you think when the bitcoin price can hit $50k?
I honestly don't know when but we can hit $50k, pretty far though but we can still go on it if institutions wanted to, thereby, the decision is for institutions, whales and large companies to be made. Honestly, today's market was really scary especially if you don't know what are you doing because Bitcoin was really very high right now, $40k is insane actually but we don't know when the market will make a U-Turn. My suggestion is that you should know when to take a break or make an exit point because everything can be a mess if we became so greedy. $40k is not bad either. Anyway, it still up to you though just be careful and think wisely. |
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