Hahahaha I have been getting quite alot of engagement lately... and pretty sure I'm not the only one it's crazy seeing dm's from doctors, lawyers, engineers, astronauts & Olympians. Parents wanted me to be any of the above and now they're in my dm's trying to learn about crypto and how I make 6 figures from holding/staking altcoins like $BET $LINK $ ADA. Hmmmmmmmmm life.
It always happened when the market is bullish and it's trendy in a lot of social media platforms and news like someone become a millionaire or something because of bitcoin or cryptocurrency etc. When that happened there are always a lot of people who wants to earn a big amount as well and trying to learn cryptocurrency as well, since the market is just pumping in the past month people wanted to earn profit as well, but with the recent dump, a lot of this newbies are obviously not used to losing money so the obvious result is a big panic sell dropping the market again or bitcoin to around 35k$. When the market is down there are probably a few people who want to get in even though it is not a good time to invest at all. When the market price pump again it will be too late for some to get in again when they realize they should invest at that dump. |
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I saw a video on tiktok and was talking about the guy who is behind bitcoin. I had copied and pasted the link below so you can check the video. https://vt.tiktok.com/ZSJmCLVYK/I think this is another assumption but since I do a little bit search about the guy I read some info regarding on conspiracy to break the US government financially through bitcoin system. I think there is a relevance in the story and bitcoin might break not only the US government but othee countries too that are allowing bitcoin and money conversions and transfers. What do you think guys? Well, that was really funny ahahaha Putin? really? you could do better than that common. I mean this guy has a lot of weird conspiracy about bitcoin but probably just making some trends on bitcoin. It's obviously just some sort of conspiracy and doesn't really have any evidence or basis so we can't really rely on these TikTok videos there are probably some that share legitimate news but do not really especially there are some investors who rely on some TikTok videos on what token to invest to. But it doesn't really matter at this moment since I don't think this the founder will do such an impact on the market of bitcoin unless he does sell a big percentage of bitcoin. |
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Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay
It is still doesn't guarantee that cryptocurrency is gonna stay or bitcoin since we know the risk of investment we know that this investment could just fall easily since there are so many aspects that affect it. Imagine if world war happened this investment could easily go down and easily you lose all of your investment, it doesn't mean that you should not invest at all but that is why you should not invest everything and always take profit when it is possible because being too greedy could lose you money when it comes to crypto. When your investment is caught by the dump the obvious move was to hold since your not gonna lose as long as you don't sell and the market is gonna recover and if you believe in bitcoin you know how the circulation and correctionn work. |
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I've been reading CoinDesk and CoinTelegraph, but those are general news sites in my opinion. There isn't a lot of news about the smaller coins.
What sites do you read?
I've also just check CoinDesk and CoinTelegraph because it's probably I think one of the top cryptocurrency news websites, but mostly I just go with CoinDesk and browse some crypto news. But most of the time I just search on google for recent news especially on the cryptocurrency that I'm investing in or looking into since you the news you want is not always the front page of the websites so you need to research manually. News doesn't really matter if you're investing in the long term but for a daily trader and short-term investors, it's a big deal, even rumors, and news on Twitter and telegram are important. |
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There is too much leverage and too much potential profits in crypto space today which makes me feel like I'm reliving the 2017/2018 era once again, forget the big institutions investing money on crypto, those who bought at 4000$ per BTC are already millionaires/billionaires, you can't expect them not to take profit, be prepared
Indeed it will surely gonna happened for sure for some whales in the market who don't invest for a long-term investment or not aiming for years of investment we can already expect that these whales are gonna take profit when the price is on the roof. We never know what could happen since the price of cryptocurrency is just so volatile compared to other assets, I mean yes it's easy for some whales to hold long term since they have a lot of money, and probably their investment was just a small percentage of their money but time is always a thing since it might take a long time to take profit and if they don't sell of it will probably take another long wait. When their investment was increasing profit it's always increasing its risk as well and all of the profit might be for nothing if the market corrects again, For sure they could always buy back which the market is correcting. |
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What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
The main drop was because of the Elon musk tweet about bitcoin and then everything follows because of that bringing the market price down to a big percentage and causing a lot of panic selling in the market. We have been up to a lot of percentages starting this year 2021 and we are still up to 300% if we think about it so if you invest a bit early you are probably still bullish for sure, so correction is expected when the market is up to this kind of percentage. Not the best time to sell your investment but a good time to invest some money, It always a circulation, and the market will be up again and it will be too late when people realize that. |
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I am considering purchasing some BTC using one of the following sites: a) Bisq (BitSquare) b) Hodl Hodl c) LocalCoinSwap d) LocalBitcoins I have discovered online that it is possible for persons to send BTC through a mixer and that if this is done, it may cause issues if attempting to later sell via an exchange. If I purchase via one of the four sites above from a seller, is there any way to determine if the Sats which I purchase have been through a mixer in advance in case this might cause an issue at some later date if I wanted to sell via an exchange or if I wanted to try to obtain interest for stacked sats, which I believe is also possible. Is this something which should be of concern?  I guess it is for some exchanges or wallets, without any valid reason I don't think you really need to used mixers at all since transactions could work well without these mixers in exchanges and wallets. Just to be safe because I have some experience especially in a centralized wallet or exchanges you might encounter some problems if it comes from suspicious addresses. It happened to me but not actually related to the mixer but when my wallet received funds from a gambling website it register as suspicious, and they lock my funds, maybe because they think that it comes to from an illegal fund. |
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Bitcoin Not User Friendly Yet
Hello everyone. For all of us who are very pro Bitcoin and other crypto.
We all look to the day that more people use it and accept it as daily use.
However we are far from that. One thing that I am finding is Bitcoin is still not user friendly enough.
Many people even who are young like 25 and under and even over 25 etc. Are not tech knowledge or financial educated enough to understand.
I am thinking that even the apps out there are still confusing for people to use.
Sure many people may own a mobile phone but many do not understand how they work.
Therefore many people do not understand Bitcoin and seems too complicated still.
What are 5 things you think are needed to make Bitcoin more easy for people to use.
More less they can use and move Bitcoin without really being mindful of what they are doing in a transaction.
Thoughts
I mean yea sure, it is not that user-friendly especially if you're not exposed to some kind of technology, and when it comes to blockchain technology and bitcoin it's obviously really complicated. But considering it new technology and decentralized it's not that bad for sure, it's not that complicated if you started to research about it, and it's not that hard to learn it. You don't really need to understand everything but you just need to know how things work in bitcoin and in cryptocurrency, similar to our appliances in our home it's complicated when we need to learn electronics and everything but it's not important you just need to know how it works. |
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At a time when the world is clamouring for peace and unity among the countries of the world- developed and developing.
There is a major limitation, which is the different currencies of the countries. These fiat currencies are controlled by different policies and economic situations of their different countries.
This poses a threat to global financial unity. As many countries are underbanked. At the height of these challenges, came a pseudo-human called Satoshi, who created what seems like 21st-century wonders(bitcoin)
From 2009 till date, bitcoin suffered too many set back, ranging from disbelief to doubt about its future.
But 10 years down the tunnel is a great improvement and acceptance of the first cryptocurrency - bitcoin.
The huge acceptance leads to the creation of several altcoins.
Now many countries are willing to involve in the cryptocurrency world despite some restrictions in some countries because according to an African adage "No one knows the Goose that will lay the golden egg".
I am seeing in the future where BTC will become a unified currency for the whole world.
Probably it's not going to happen because even though it is a top cryptocurrency there is still a lot of weakness when it comes to bitcoin. Obviously, countries' world central currency is not gonna the world since bitcoin is not centralized, countries can not use only one currency since different countries have different values when it comes to goods, etc. It's better for bitcoin to stay to what it is today since we could already use it to make transactions all over the world. Bitcoin technology is not that great if we are going to use it as a world currency, bitcoin can only process 3 transactions per second, and if you compare that to other altcoins like Ethereum or Solana 3 transactions per second is slow. |
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Here we go again after his tweet that contribute to the market dip he is at it again and now he is tweeting Musk Tweets He Supports Crypto in Battle Against Fiat CurrenciesThe true battle is between fiat & crypto. On balance, I support the latter. Do you think he is trying to rally the market after the dip and will this stop the continuous drop in the market. Probably people will have a different take because of the recent drop of the market because of this clown tweeter tweets trying to manipulate the market. The most hated man in the world, I mean do you believed that Elon doesn't make a profit that he's just some Engineer and not interested in any cryptocurrency? I mean I doubt that, the fact that he's making this kind of tweet is pretty obvious to have some kind of investment that could easily be a pump and dump. It's a pretty good ride at first since people are taking profit because of the DOGE coin tweets and there are even some people who become a millionaire because of it but its gonna be the difference at this time and I don't think Elon tweet would still have a big influence, people need some time first before something like DOGE could grow again. |
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The flip is always possible to happen and that's almost happened to Bitcoin and Ethreum when Ethreum almost surpasses the market price of bitcoin, but it just doesn't happen.
But the market cap of bitcoin is just too high for some altcoins and probably it's only a small percentage of the bitcoin market cap but Ethreuum is kinda close to bitcoin and I think it probably might surpass it at some point, I mean it's not impossible at all and the market is just unpredictable at all times since the cryptocurrency market is soo volatile compared to the stock market.
Comparing the technology I guess we could say that both have their different use so, in my opinion, both could co-exist, but Ethreum is really has a better technology because of its Network kinda similar to the Internet.
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I was looking at staking my ethereum. The interest rate seems good and I found BlockFi.com which seems to be around 10% (not guaranteed rate though). Is there a risk of losing coins and is staking recommended? For Ethereum, which site pays the highest APR and is the most reliable/safest?
Thanks!
I also have some Ethereum in my BlockFi account and I think it is worth investing in this staking because you could easily earn a good amount of interest like for example a big percentage like around 10% is actually pretty good as an interest rate. Through the years of your investment, if you don't are not planning to cash out your investment or your really planning to invest for a long-term investment like looking for around 2-5years from now, it is totally gonna be worth it. You could just imagine an Ethereum that could 10k$ or more and your Ethereum also increases its volume because of the interest so it's an easy profit actually. But it actually has a big risk since its usually most of this investment is centralized so your account could just lock or maybe after 5 years the website will be closed or the coompany. |
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Being one of the famous personality around the world, Elon Musk is using his tweets to pump up the doge coin. I can't say that he can dump bitcoin alone with his tweets because there are other big players involve in it too but for dogecoin, he is single handly pumping with his tweets. But this cannot continue forever. Sooner or later, his tweet will have no effect on the prices. I wonder when that time will come ?
Because of the recent dump that happened because of Elon Musk a lot of investors or probably the most hated man in the world right now like what people say in a tweet. For sure a lot of investors lost some money because of this guy and probably most of the investors are tired of listening to this clown tweet thinking that he can manipulate the market or something. A lot of people are following Elon just because of the DOGE coin pump and pretty much because of the DOGE and bitcoin pump but its always easy when we see our investment is pumping but it's a different story when its dumping people are gonna realize that it is a pump and dump. |
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The price of bitcoin is having a big movement but compared to other altcoins due to the volume it just feels like it doesn't have a lot of movement, With a trillion market cap of course it's gonna be difficult to move a high percentage of it like 50% pump or 50% dump.
You could easily notice the profit in some altcoins because the volume is low, so for example an altcoin that could 1$ each of your 1000$ could buy a thousand of this altcoin compared to bitcoin where that thousand dollars could only buy .0.026 bitcoin.
From 1$ price of altcoin it could easily pump up to like 10$ in a few million in its market cap, and with that's altcoins it's already an x10, compared to bitcoin where the price is moving from 30k$ up to 60k$ which is a lot of movement already but volume is low.
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Unpopular take but this is inevitable as bitcoin grows. Say the ultimate theory of hyperbitcoinization comes to pass in 20 years or something. Do you think everyone owning bitcoin is anarchist intellectual fighting the good fight? No... Bitcoin is going to be like water to the fish that swim in it, and 99% of the people won't care about it beyond that.
People buying bitcoin due to Elon's tweets will come and go and cause volatility, but it's an inevitable step in the larger journey of this technology. Gatekeeping will only cause your own blood pressure to go up, so I'd just make sure I got my keys in a safe place, buy the dips that result from these sudden adoptions and go with the flow.
Also, every newbie who comes along because of Elon has a chance to evolve into a lifelong holder. In the short term, it can be annoying but in the long term, it'll strengthen bitcoin.
What are your thoughts?
I mean it works, we can't deny that Elon Musk's tweet has a big effect on the market as we can see Elon Musk can pump and dump bitcoin using his tweets. It's kinda risky but if you know what you are doing I think you could pretty much go in make a profit and get out in an investment depending on Elon musk tweets, but it wasn't always guaranteed since the market is difficult to predict so you don't know if the market is gonna crash or pump, it might react differently just like what happened to the DOGE coin. I've read a lot of tweets where they lose everything of their money because they invested it in DOGE coin which is already too risky because it is a meme coin. So I guess you could still follow Elon tweets but don invest YOLO everything. |
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The traffic in the Ethereum network is for real and there's nothing we can do about it, maybe the developers could do something about it like Ethereum 2.0 that they are planning to launch soon to fix the Ethereum fees.
There are a lot of times where Ethereum network fees go down to around 20$ which is high but not bad as fees and I think reasonable at this point since the Network fee could go up even a 1000$ in the market. What I do is just wait for the right timing or wait when the network is not contested and do a bulk transaction in the Network. whatever it is having a 300$ fee in EThereum is just not right obviously and it's a problem that the Network needs to fix.
It is already a big problem but Ethereum is just Ethereum and it is easily a top-tier Network with tons of projects on it. Investors always consider a lot of networks which is better in theory as they say and with much lower fees compared to Ethereum Network like for example BSC Network or even SOLANA Network but there are only a few projects related to it compared to the projects in Ethereum Network.
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From around 40$ it already drops to 16$, I mean all of the cryptocurrency is currently down in the market so I guess it is a big steal for some of the invests.
When the market goes up again we could always expect this kind of token to double or triple its market price, since that is a big possibility when it comes to bare market and bull run, when the market price experience a big drop like what happened in bitcoin in the past, we notice the growth of bitcoin this time where it triple its market cap and come back stronger than before breaking new ATH up to around 60k$ in the market.
I would totally invest in UNI if I have the money to invest in it, we could easily say that it is one of the safest investments since it's a top cryptocurrency or we could say top 12 when it comes to market cap.
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It is not advisable I guess to do KYC since cryptocurrency is not regulated or something, everything could always mess up in the future and the worst thing is we lost everything because of it.
But most of the exchanges are centralized and probably would require you to do a KYC in the long run, there are always since that if you do the KYC because there are a lot of scams everywhere, your data probably could be used in illegal transactions, exchanges could be selling our information I mean we never know but it's possible. Our data could leak if there is some hacking happened also.
I guess you could lessen that if you did a KYC in a top exchange or website since they might have the best security in their website compared to others. And since they are big already it lessens the chance of getting scams in fake or phishing exchanges online because that could always be a possibility most of the time.
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I mean that is just some market manipulation just like what happened in the past, It is already a thing that China does making a lot of bad news about cryptocurrency or bitcoin to manipulate it.
Something like this announcement cannot really ban bitcoin at some point since bitcoin is like the internet and people could still buy it if they do nothing and just announce it.
If they really want to ban it they most likely going to ban the mining in their country as well but since China is one of the tops when it comes to mining cryptocurrency so they will never do that even do they have the power to obviously fully banned it since they get a big amount from it obviously.
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Slightly tells me that I know bitcoin from this forum around June 2017,
But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019.
So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it.
Long story short I want to start from scratch I want to ask the seniors who are here.
I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
It is easy, sell some of your investment to buy or diversify your investment and your gonna be able to buy some investment that you think has the potential in the future or have the potential as an investment. I mean you could never go wrong with Bitcoin and Ethereum if you already have that investment you could just stick with that but there are also high-risk high reward altcoins in the market that you could always invest in. At least be updated with the price with the market is pumping since that is the perfect time to sell your investment, or go too back and see if you already have the profit like for example in Ethereum. |
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