How many times have you successfully invited some gamblers to online casino? What is your experience doing so? I know many will find this hard to believe but I kinda prefer bringing in gamblers than investors into crypto, why? They understood the risk already, there is no talk and talk over again, there is no dealing with someone fear and confidence..
I have successfully brought in four people into crypto gambling, and it was the easiest thing ever, they came asking if it's possible to use crypto for gambling and I said yes, but I told them that I am not ready to introduce any platform for anyone, but these guys then showed me there past gambles on a local website that only accept Fiat, that's when I got soft with them and I showed them the websites I use for gambling.
The thing is, they are small time winners and big time losers, I mean they lose more than winning, it's been two weeks and two of them tell me about their loss and gains, but they make it feel normal, to them it really is, not like the crypto investors today, always in hurry to double their money, some are even scared of investing in Bitcoin, which is the safest of them all.
I'd say things are the same. Perhaps the gambling site you recer suddenly closes which caused trouble to your invitees? We are in cryptospace and no one has the liability with lost funds other than the investor or gambler itself. It is not only losing or winning in a gamble which is the concern. It is the technology we are moving around. But I do get the point regarding losses due to risks. I'd still chose not to encourage people especially people around me to engage in this industry in general just to be safe from burden. Ofcourse it would be easy for them to say that they are ready with worse case scenarios but that won't be easily accepted once negative thing happen. I'd still choose just to let them be than for me to be a factor of their involvement in cryptospace. |
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Ethereum (ETH),Binance Coin (BNB),XRP (XRP). how to choose how to distribute the interest on them?
I still don't understand what you mean. Which coin is better to invest in? that's what you mean??? I think ETH, BNB, and XRP are bluechip altcoins. All three are good for long term investment. All three have strong fundamentals. Without further ado, the three coins have a good track record and are able to provide multiple benefits. ETH and BNB has a good potential they have a good records from were they started and presently, these are the only ones that has a good fundamental and could fetch a good profit if holding. XRP is currently in a suitcase which imposes risk from holding it for years however it would be huge profit if ever it wins the case so it would be a 50-50 scenario. Regarding BNB, the issue which threatened some of the investors who are into it, is the collapse with an exchanger early this year which caused panic. Good thing that Binance remained calm and improved their service to eliminate the stereotypical belief about exchanger token. On the other hand, Ethereum without doubts, is a great token. For years it remained next to Bitcoin which should be an enough basis to tell how good it is as a crypto and as an asset to hold for years. |
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Sideways would be the best answer on any month 'coz the market price alone is volatile. But dominantly, the market price of Bitcoin perhaps is lower than the market value last month of February and that is because of the correction happened around $32k. I think as long as the market price of major tokens are not down by 30%, things would be fine and prices are subject to go up again few weeks or months in time. Long bottom wicks during May 12, 17 and 18 could be telling us that some whales are trying to protect the 26k - 27k range. We can't really be sure if they could but if they do, it could bring more bullishness back to the market and force the shorts to be flushed out and close out their trades causing even more positive price action.
The question is how long could 26k - 27k be held? Pretty sure there are whales who are also taking the other side of the trade. Whales could keep the market moving more positively for the rest of May, but I think retail traders are reacting too much to panic selling. In my opinion, the increasingly popular scalping strategy seems to have become problem in itself against possibly stay above $27k for May. The price is moving sideways and may tend to drop to another low due to the trader panic. Whales will take any resulting dip due to panic traders without wanting to show any major moves in price. This is an opportunity for them on the accumulation plan, but anyway I hope the $27k will stick around for the rest of May this year. If the price stays within the range of $26k-27k for the whole month, we will probably see some upward movement right at the beginning of the next month, but if it drops below this range, we will be seeing it going down to $23k-22k at least. While I agree with this theory, I also think this will get confirmed on a Weekly time-frame prior to the Monthly. The 200 Week MA is around $26.1K which was tested last week and this week price is struggling to find support (bounce back to the upside) from this level. So if next week this MA is re-tested and fails to act as support, price can slide further to the downside before the month comes to a close. I'm not particularly concerned as there is a lot of accumulation volume around $23K, and potentially even $25K will act as support, given it was previous resistance for many months. But to me the idea of $27K holding as support (like it has for the past 2 months) looks increasingly unlikely as price is struggling to maintain above this level. Only a strong rebound next week can turn the situation around quickly imo. Touching the support will already create a tendency for a reversal. What we've witneesed this year is total market manipulation by huge investors; having huge pumps and dumps without any strong reason. And with that, ofcourse they won't simply let the price slide too low not unless something of a big news would happen that will negatively affect the demand towards this industry. |
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If you want to purchase something expensive and want to avoid taxes for it, then paying thru Bitcoin would help you to do that IF the seller or company you would buy it from, accepts such mode of payment. Another reason is profit from investing into it. Problem is risk exposure because the market value is changing from time to time and that includes decline on its market value sometimes. It is easy to convince someone to engage into this technology what is hard is to keep them still in this industry. Not all people can tolerate seeing losses on their held assets since not all people are into investments. Which is why encouraging people to invest, especially in this industry, depends on who you are encouraging.
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It is still a good investment; volume even if not as high as before, is still there. It just needs a hype and that is more likely once bulltrend happen probably on the next Bitcoin halving. Its market price still is following sudden pumps especially with Bitcoin so I guess that is an enough reason why it is considered as one of the good alternatives and also, not quite sure if there will be further improvements for the coin itself. But if this to just look for other crypto investments, the good ones I guess are APE and MAGIC. These tokens are usually having quite of large price increase and also moves faster than ither crypto market prices which for me is an easier way to make decision wether I'd be on short or long biased.
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Breakthrough? Create your own business. That is the only way way to break the cycle. But as we all know, not all people has the capability and eagerness. Some are contented with earning 5 digits from their work and there's nothing wrong with that. But if you are seeking for more and tired of waking up early just to be stressed out for the rest of the day then be your own company. It'll be a win-win situation. Try and succeed or try and learn. If you'd succeed then good but if you don't, then for sure you'd appreciate what you have at your job. It is not easy to run a business. If it is, then everyone should be a millionaire by now. But that's now how simple things are.
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As a fan of Ethereum, I've been able to make some ETH through putting my coins to work, but I've not come across putting your Bitcoin to work before.
Is all we can do as a Bitcoin investor is to HODL?
Is there any way to HODL and make more BTC?
I know that Bitcoin is a proof of work coin, but I am only curious if there is something you can do, while planning to hold your Bitcoin for 2 years or more, is there any benefit of holding and making more Bitcoin?
Also, What are those RSK Bitcoin for? Any benefit at all?
One way to hold and earn is to stake your assets but be mindful if the platform offering staking services, is legitimate. I'd probably stick with DCA and swing trades to earn more. Akthough it has bigger risk but if things would be done using the right technical analysis, things would be somehow fine.There's nothing wrong if an investor would enter the market and will just choose. The conflict arises from our expectancies; if you are looking for bigger profit and in a quicker way, then prepare to take risks. There's no way you'd earn easily in any field of investment so what more in this cryptospace wherein prices are way too volatile. |
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NFT for long term investment and memecoins for short term period. Market value of Memetokens are only good upon its release in the market and will suddenly fall once huge investors decided to take profit unlike with some NFTs wherein sometimes there is a utility (physical copy and some perks depending on the concept), which could sustain the market price of that particular NFT. Both has risks ofcourse, that is not something new in this industry. Not all NFTs are profitable to hold for years and not all memetokens would be able to sustain high market volume. So I guess it is safe to call it situational and dependent with what project you are engaging into.
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You've done a great job of keeping your money in crypto because if we deposit money in the bank, we get nothing but paying fees every month. And the value of our money will not be able to increase but decrease until finally, our money in the bank runs out if we don't save every month, but that also doesn't guarantee that we can get good interest because of those costs.
The economic situation in my country seems to be stable and under control even though there has been a slight increase in basic goods, but so far, it's still good. We hope the government can solve every problem, but we cannot rely too much on the government. For this reason, we must prepare for our future by investing in bitcoin. And I think that step is right for those of us who have invested a certain amount of money each month to prepare for our future.
It's understandable that you see investing in Bitcoin as a way to potentially grow your wealth, especially considering the low interest rates offered by traditional savings accounts in some cases. Cryptocurrencies like Bitcoin have the potential for higher returns compared to traditional savings options. However, it's important to recognize that investing in Bitcoin also comes with higher risks due to its volatility. There are distinct differences as well. Banking institutions would be able to offer insurance for your wealth with low profit potential from saving on their bank. Investing to Bitcoin as you've mentioned would be promising for profit potential but indeed risk would be there and that you'd be the only one in charge of your assets such that if anything happen in this space, no one would compensate for it other than yourself. There are indeed economic problems which somehow imposes risks to your wealth but if it is just assurance ofcourse regulated platforms and institutions would be a better choice, still. Bottomline is measuring the risk in every option you consider. |
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Awareness alone, of the existence of this technology won't be enough to trigger mass adoption. For ure you know people who are aware of what Bitcoin is, but are choosing not to engage into it. One reason is probably regulation. They don't trust this technology enough and also, usage and accessibility. Only a few companies are accepting cryptocurrencies as a mode of payment and it happened that not all prople are into investments which leaves them a choice to not be too interested in this industry. The risk involved regarding market price volatility is also another thing that they consider. It would take initiative in order for mass adoption to totally happen.
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I really regret the airdrop opportunity to get Sui network tokens and Arbitrum tokens, I myself am too lazy to follow airdrop info, because most of my experience following airdrops ends up being mostly trash coins
We just cannot help it. Unlike before, most of the airdrops are non-paying nowadays. But to those who do not have the capability to invest, they are left with no other option but to comply and try as many projects as possible. There are also other ways to earn such as targetting for whitelist spots and selling it to serious investors. New airdrops I guess are thru binance launchpads which requires participants to comply with minimum staking and investing procedures. But as I've said, not all people in this industry has the ability to do so. There's just no easy way to earn profit anyway. |
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There are people who makes a living out of cryptoinvestment but will that be enough to consider it as a reliable source of income? I disagree. Bitcoin and this industry in general has high profit potential because of volatile market prices. But that is also the reason why it should not be relied on to sustain daily living. High risk and high reward but people often see the reward alone and not the risk involved. You'd win big time but for sure you'll lose countless times on DCA. And if you would engage with long term investment; prices won't consistently nd continuously increase which means, profit won't be fixed or continuous as well.
Investments are meant to just be an additional income unless you have different investments which would sustain your daily expenses. Investment alone in this industry won't be able to provide you that and if you don't hve other profitable assets in other field, then consider securing a consistent salary to sustain your daily needs.
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I have been the victim of FOMO many times over the years. From FOMO’ing into meme coins too late to FOMO’ing my fiat bags into bitcoin too early in a bear market, missing the bottom by quite a big %.
It’s important to have patience though & be willing to HODL for many years to maximise your profits. You need to be able to sit underwater for a year or more to wait for your bags to get back in the green. Everybody knows about DCA, that’s a good way to avoid FOMO. Just always be calm & trade with a clear head, no snap decisions.
For sure many of us here were carried by FOMOs especially on our early years. It is not surprising simply becaue we lacked knowledge on our start and the only and easiest thing to do is to ride the 'wave' hoping for a favorable outcome. As we learn new things in this industry, we also adopt with uncertainties. Perhps FOMOs can be taken advantage of. FOMOs sinply create a demand or either a decline to market prices and if you would be able to know which action to make as in line with the FOMO idea, then profit is more likely to be earned. It has something to do with experience. Most of the new ones are dependent with news alone wherein they base whether they should sell or buy in that instance. So I'd say FOMO is not a bad thing totally. |
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It has an indirect relationship I guess. I do believe that it is in one's genes regrding analytical and decision-making skills which are needed in order to be successful in any kind of investment. But to rely on it won't be advisable. As we all know, there's no certainty with any technical analysis; it will just be a guide but won't determine accuracy on how will the market price move, especially in this blockchain wherein crypto's market prices move in a random manner. With regards on decision making as a factor to succeed, it has something to do with how an investor will take actions whether to invest at a certain price point or wait for a more visible trend line.
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Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
1. They are not created for long term most of the time shitcoins exist for short term and devs who create it will dump this because they move to their next project to avoid losing your money sell it immediately once you are in profit.
The most important thing is to entirely avoid shitcoin. Shitcoin was designed with the intention of defrauding people. it usually doesn't work out successfully, you shouldn't assume that it will ever provide you a profit, whether it's for a short-term or long-term goal. Due to the possibility of a scam, there is no need to invest in it at all. shitcoin should be avoided with passionWould be vague to just avoid. Shitcoins are still profitble you just hve to study their price actions and to know when would be the right time to enter. OP have valid points in particular with not holding the mentioned category of cryptos for a long period of time. These tokens are just good for short term holding and I'd say best at swing trades only. Holding for a longer period of time would more likely result to huge loss given that prices often decline upon the release in the market. As long as there's volume then it has a potential. We just have to make use of that potential and not to jist wait for things to be in favor with our expectations as investors. |
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Ofcourse it would be easy to draw conclusions, and speculate the price movement but problem is, no one really knows wht will be the behvior in each day. There are sudden crash with the market price even if most of the people in this industry are expecting for a pump. One reason? Manipulation created by big investors in this industry. Once they decide to sell, small investors would be moved as well in a particular direction either up or down. I don't think it will go down to 25k anyhow, it is understandable that we have already gone down to 27k levels but that's about it, we are not going down anymore and the price will be what it is and it is not going to change anytime soon. I hope that it does, but I do not think that it will change anytime soon.
We are going to see the price stay here for a while and then it will start going back up again and that will be a lovely period, we are going to be quite happy about that. I understand that people may not be happy about not going down anymore because they would like to buy cheap again so they can sell higher, but the reality is that we are not going to see that happen anytime soon, we are going to see it move a lot higher from here without going down.
I am one of those people waiting for bitcoin to drop further while many hope it will rise again. Not only you but many people believe that bitcoin won't be able to break $25k, but in the end, no one can be sure and it's all just everyone's hope, no one has proof. For my part, I still believe there will be a major correction this year or early 2024, and we still have a chance to buy bitcoin cheaper than it is now, although I'm not sure about that either. But investment is like that, each person will have a different perspective and vision, and only time will answer all. If we would base from previous charts, there would be first a massive price correction before the actual uptrend occur. Problem is that no one knows when will it occur. We are getting closer to the next halving and this is why there is a mixed expectancy of market price movements. Only time will answer indeed. |
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Possible on third party apps or wallets I guess. Never tried doing so and neither having plans. Through the idea of Loan, there would be an interest on the mount you will borrow and I think it would be better to borrow fiat amount than directly cryprocurrency for the fact that the value of your loan would increase everytime prices go up unlike with fiat loan wherein the amount would be the same plus the interest. Still, I won't suggest taking a loan to a risky investment. It would be only okay with properties or real estate given that consistency with price increase on the mentioned asset, exist.
To my awareness, there are no exchangers offering such thing even with centralized ones. It would be more possible with online baanking which accepts crypto as payment but I'm not quite sure of the terms.
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And if we can teach them about Bitcoin, that would be a great lesson because they already know that there are ways they can make money in the future. They can avoid fierce competition in finding work because later on, whoever survives will be the one who will benefit.
And bitcoin has become a great way to make a long-term investment, regardless of whether they are still looking for something else to make money. At least they can prepare for retirement faster than their peers.
It will be a fortune for our children if they get Bitcoin in the future from our current efforts. Providing a privilege so that they will be able to survive and compete with others from the Bitcoin investment. I don't know what the right price is for Bitcoin in the next 20 years, but I'm sure the price will be higher than it is now. Bitcoin becomes a cross-generational investment that can make a lot of money so it's not just a fruitless investment. Even though it is not fully supported by the government, Bitcoin will not be eroded by the times. Being knowledgeable with investment in any form is really good for young children but factors should be considered; their initiatve, and interest towards this technology. Also, I think it is not a good thing to pass information that the market price will just continue increasing in the future and at a high rate. The market price is volatile in nature and demnd controls the price. But no one has an assurance that the demand will still be high in the future knowing that its usage is not accepted by many countries still. Let's accept the fact that most of us are here because of the profit potential and not its true nature of being a currency. Therefore, if all btc will be mined, there's a tendency for the demand to increase if paying thru such blockchain won't be useful because there are countries prohibiting its usage. |
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Memecoins are a good investment if you'd be on the right time to invest such as with happened recently when PEPE and FLOKI were listed, the market price increased more than 1000% which gave profit to early investors. Same thing happened before with DOGE and SHIB. Does it make them a good coin because of such instances? Yes and No. Yes if you'd be able to buy early and No if it is on long term investment. Memecoins has no utility to sustain its market value for a long period of time. Its value is simply dependent with demand alone which makes sense to say that it will never be constant. Things would be only good if you's be able to invest at the right time.
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Topic should be in trading discussion but to still answer, it would be a gamble if you'd win. Trading is not a simple thing you can learn from watching videos for a single day or month. The fact itself that there's no certainty with price actions, is already something to remind us that profit won't be earned easily. Not unless there would be someone who's been in this industry to guide you which would fasten your progress in trading. Much better to not be too hopeful especially if you're just new into something in order to manage the risk and avoid betting too much than what you can actually handle. I've been trading for months and I am aware that I still lack knowledge to be fully profitable in trading.
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