Today, bitcoin is very valuable, and it can be said that of all assets, bitcoin is more valuable than gold. Have you seen anyone give away free gold, even a little? So never think that someone will give you bitcoins, an asset worth tens of dollars per bitcoin. There is no free lunch, so don't spend time looking for free food, work, and earn money to invest in bitcoin.
This is such a sweet and simple example that would make it understandable for a lot of people. I have never seen anyone distribute free money neither, any fiat, you earn it and there is no way that you can get it for free. Sure there are airdrops where you are given 10 cents at max, and this screwed with peoples minds that crypto has people who give out stuff for free, I have seen as high as 5k dollars given out on casinos as a rain, because some whale won something big. But that doesn't change the fact that you are not going to get free bitcoin, never. Too many things in crypto confused people, but this good example is enough, nobody gives anyone free gold, so why would they start giving out free bitcoin? They do not do either of those things and they are both attempts at scamming others. |
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Stability above 30k as it was a support level for a long time is the problem, so I think we have reached the breakeven point where the price cannot exceed the range of 26.3k as a bottom and 32k as a top, even the news coming from the Federal Reserve no longer moves the markets significantly, so without any news I don't expect anything to happen, at least for the next three months.
we will see what happen next. no, i think this is the support level 27k if we fall below 21k it will be disasster. as long as bitcoin can't break 36k i remain bearish. the USD inflation rate is 5% per month. this is not good for crypto too and tether is rock and roll starting from january this year, while the other stablecoin reduce their number of tokens Obviously, it is because we have stayed on that price for a very long time now but in case the price fell off to $21k, I wouldn't totally say that it was a disaster since it was just a $6k drop and there are much worse than it e.g a $15k or $10k drop but people will just use to it eventually and will realize that it was a special opportunity given to them. Don't worry, the $36k that you assume is only easy for BTC. Remember we already crossed $30k last time but even if not $36k, let say $35k is only the max we get for a while, I will still consider this a bullish move. A real bearish move is when the price moves in a downward position. There are inflations but I think it's also the reason on why people invest in crypto. |
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It would be stupid of someone to buy something and not know what its purpose. You don't accidentally buy BTC because for someone nowadays, BTC is too popular. And if you did buy even just a fraction of it, you know your purpose and its either for your investment or you wanna gamble.
I know one kid buy BTC just to impress his IG followers that he is into BTC. Now thats one heck of a purpose.
I think it's quite normal for people to not be aware of bitcoin, even in this world where crypto is wildly adopted and there are tens of millions of people who use it, there are still billions who have no idea about it as well. However, I do agree that it would be pretty difficult to mistakenly get any, it's something that requires a lot of work to get, I mean not a lot of work but certainly not easy enough that you will mistakenly get it. Even in fiat there could be someone who dropped money on the floor and you could pick it up and mistakenly have money, crypto doesn't even have that. So short story long bitcoin is something you want to buy if you want to get it, that instagram kid definitely did the right thing, I hope he keeps it after showing it off. |
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(....)
2. Develop a Strategy: Once you apprehend the market, it's far important to develop a buying and selling method. You need to determine on the kinds of cryptocurrencies you want to spend money on and whilst to buy and sell them. You need to additionally decide on your danger tolerance level, as buying and selling inside the cryptocurrency market can be risky.
Among the list, this is the most I agree. Because before you will become profitable in trading, you need to develop your strategy. After you develop, you need to master and practice it. But before you develop your strategy, for sure you will first have a lot of experience and that is difficult like using a lot of indicators or chart patterns, joining some community about trading that could help you to interact with some traders and discuss different strategies, it will help you to choose yours. All of them are necessary actually. It's just that strategy is the main talk of the town. They think a good strategy can save them whilst a bad strategy is a sure way of losing money. No doubt, it's true but it would be better to not underestimate other small details because it can add up some percent to our winning rate. To have lots of experience could mean that we will engage more in the activity. Struggles are normal at the start but we shouldn't focus on it because it will only motivate us to quit easily. It will be difficult if we solo. That is why there are communities that are built to help us and we can also help others if we are now a professional. |
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I personally dont have much hopes for coin like litecoin in which its existence is already too long to be having some rally out of thin air, but then again this still got some good trading volume for reason, so i guess there is always chance of it having some parabolic movement but honestly don't expect too much.
In 2023, we can't really hope for altcoins, including Litecoin, but we need to remember that halving will always have an impact on prices, and Litecoin is currently really cheap according to technical analysis, and if we talk about LTC, the answer will go parabolic is yes!. because after the halving is right in 2024-2025 and most likely the altcoin season will happen again, so why not buy LTC now and hold it for next year?. I do think that 2024-2025 will be parabolic years without a doubt, but not this summer. Litecoin will benefit from that, will it benefit more or less compared to all other coins around it? I do not really know, I hope that it does better but I am not sure if it will be like that or not. I think it is quite obvious that we should be forgetting about "when" it will do parabolic and instead focus on making more and more investments until it does. This way we will have a lot more litecoin when the movement starts and we wouldn't be really worried about when it will happen because the longer it takes the more we will be getting. That's how we should approach this situation, otherwise we would be just biting our nail until it goes up, and that's no way of waiting. |
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This question had been asked multiple times in this forum but not withstanding, this is a good time for us to invest in cryptocurrency to prepare for the bull market coming our way. Those who are buying coins now are the one that may make profits from the market because the price of Bitcoin is less now and there is hope that is will skyrocket soon.
I think we could wait until it starts to move you know, there is no need to rush into these things. I personally believe that we are at a good stage at the moment and shouldn't be worried about acting quickly. This is of course only true if you are a trader, if you are a long term investor then you can buy at any moment and the difference on the long term would be tiny and wouldn't matter. But, if you are a trader then I would say that you should put money into something that would make sense when it starts to move, that way you would be riding the wave and can make a lot more profit whereas when you are doing something else, you would have one eye on the market and move accordingly and that would be lovely, I would definitely support something like that. Yeah, I understand that people are looking for ways to make as much profit as they possibly could and that's why they are creating as many projects as they possibly could as well. Getting a newbie account (so your main doesn't get banned or tagged as spam) and then writing about your project is not a good way of getting any people. For example, this topic alone is a good enough reason to think that this project is a scam, I would never invest into a project like this JUST because they did this, I literally have no other reason, I do not need any other reason. If any project has a topic like this, then I am out, would not put in 1 cent into it, not even for testing, not even "small enough that I won't care if I lose it" amount of money, no way. |
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I check on website FireDAO =Social DAO + DID + Web3 Identity + SBTs +On-chain Reputation + On-chain Dividend + Super Economy atleast give us an quick explanation on the website why the project is different with other project ? Sorry i don't see the difference, pls explain too the utility of each ecosytem on your project in the website so we can see clear the purpose of project and plus the roadmap which make it interisting
You are already there. Maybe you only need to read more to know if what they are offering. You can also click on the link provided by the @OP in the first page. It is their announcement thread. Maybe they have other information there that are not yet posted on their websites. There might also be questions there ask by our co-members and are already answered by the team but asking a question here might work too. Good luck and also good luck on the OP's project. If they ask if how to draw attention to the market or to the public rather, that is easy. It can be done obviously through marketing. Firedao is already gaining a popularity here in the forum but I haven't seen it being talked about in the social media sites and other general websites so maybe they will need to work hard on it. |
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if you have problems with resources. and don't really want to take risks btc can be the right choice, but under these conditions no one expects btc to go up so fast.
so you just have to be patient and wait for that moment to arrive.
Resources can mean money so if one is limited or doesn't have a budget at all, it's still useless to recommend Bitcoin to them because they can't still buy it. Maybe the one that they should think for now is how to get a job. BTC can just wait so one must not rush on it. We can also apply for a BTC paying job online and get paid in Bitcoin directly. This way, there is no need for us to buy it using a fiat. There is also a Bitcoin faucet which can be done by anyone. No skill needed here. Yes, the drop rate is tiny but if we can use multiple faucet at once, I think that will still be a good amount if we sum them all together. This is less risky than investing directly. We won't care if BTC will drop because we only obtain it for free anyway. |
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Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Next year is your first bull run? You sound too confident there and it looks like you know what can happen in the future. I think you can say this because everyone is feeling positive about the Bitcoin halving event, that it will pump the whole market. I'm not being negative about it but there is also a possibility that a bull run will happen earlier. It could be on this year, who knows? There is also a chance for it to be delayed but it does not really matter as long as you can be able to wait, you are for sure going to be compensated. It's up to you actually if you will wait or you can sell early if you badly needed some funds. For me I think ill wait for a while. |
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Technology improves people's standard of living and hence should be welcomed. Recently some people may have temporary difficulties because Chat GPT is approaching something that was never imagined. Because of that, there will definitely be difficulties in some workplaces. This matter has already been widely discussed in various media of the world. Many people are going to lose their jobs. But there is another point that is emphasized that this risk is more for those who perform online based tasks because Chap GT is able to do any simple task in a short time. So with the development of technology, people have no choice but to keep up-to-date quickly.
I think it depends on the technology because there are also some who only destroy the peoples lives. It also depends on the people. As long as they use the Technology properly and have limitations, they will only attain the benefits and not the disadvantages. I don't know what happens to Chatgpt on why some are having a difficulty. This is only just a software and people can just ignore it if it is making their lives miserable. If it's about losing a job, I don't think workers will allow this shit to take over. Given that there are risks when using a Chatgpt, business owners aren't likely considering this as a replacement to the human workers. If this affects their company, that will be a big problem instead of being practical. |
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Your calculation is way too off, but scaling up is really needed, and it depends on what industry you are in, like me in the online space, where there is constant competition and you need to acquire new skills or improve them more to get hired, as well as getting an increase if you are doing well in your job. But again, the world is unfair, and it doesn't mean that if you do have that knowledge or skills, then you are earning big. Sometimes there are no opportunities knocking at you, and also there are dump people that got rich just because they inherit their parents wealth, so yes, this is a case-to-case basis.
Apart from inheriting wealth, people can also earn a lot of money if they know how to control people and make them work for them, even if the company you are running is not what you are much knowledgeable about, you can still earn a lot of money if you hire people who are knowledgeable about it and all you do is manage those people and make them run the company. There are a lot of examples like these, there are people who are totally illiterate but they have multiple companies, the reason behind that is that they have the skill of controlling people and understand how they can make people work for them and run their businesses without him having to do anything himself. I think starting a company is a slow way of making money, not a lot of companies start with a couple grand and become million dollar business' overnight, that takes decades of work. Sure these days startups are a bit different, there are a million startups and one out of that million end up getting bought out by some huge company and that's their goal, to have an exit strategy and let the revenue issue solved by a bigger company. In the end that causes them to become something much bigger and it allows those to get rich quick but that is a very few people and not common. Inheritance on the other hand is something that doesn't really take time, if someone dies, you get their money overnight, and suddenly you are rich, but if the person that died was rich, chances are so were you already. |
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Erik Vorhees. He was the dude behind satoshidice and he sold it for 126k bitcoin, obviously he doesn't have it all now and spent it on a lot of startups and that's understandable, people that high usually do not stop and just retire with a mojito in their hands at Bahamas, they keep working.
Still, that money is about 3.7 billion today, he must have a lot less than that, and he distributed some of that even that day because he had shareholders, but he must be pretty rich anyway. After that he kept on doing stuff, like coinapult, shapeshift, bitinstant, and some other stuff he invested. So we could consider him as one of the first successful entrepreneurs in the crypto space, he did what everyone would love to do and achieved it so early on.
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Internet isn't a limitation to bitcoin. Internet is an integral part of bitcoin and Bitcoin would be nothing without it. So saying internet is a limitation of bitcoin is a huge fallacy.
Whatever plight you might be facing lies with your government and not internet.
The only advise I can offer it's to get a reliable VPN for internet access in other countries
You nailed it newbie, the problem isn't the internet but the country that OP is from, he can get rid of this problem in two ways and one is more convenient than the other. 1. He can leave that country behind and move to another if you really want to build a foundation around Bitcoin and crypto, I have see too many people leaving their motherland and move to a foreign country in search of a better life. 2. He can subscribe to a satellite internet providers instead but this have it's cost and also you will need to be in a remote area where there is less activities because your satellite dish will be outdoors for it to get a good signal everyday and people will see it, with gossips going around people will know that you are the only one using the internet, in a country that doesn't want it, sounds like it's against the law in the country? its on you to make a good decision, if the internet is limiting your potential or opportunities you need to get your ass out of that country before you get too old and can't fo anything anymore. Moving to another nation is not the solution, this is the solution for newer generation that doesn't understand that if we keep taking the L, then we are going to see every government do the same eventually. You can't just hop to another nation if you are poor and no other nation takes you as well. Like if I wanted to just move to UK and start living there, that's it, just live there and work there and spend rest of my life there, do you think they will accept me? Why would they? This is why the better method is to get into politics and start changing things from within, if you can do that then you are going to be doing a lot better. I know that it is not going to be an easy thing to do and may take years to change something or you may even fail to change it, but you need to try. |
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Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !
Most probably, you mean cryptocurrencies, not digital currencies, since nearly all fiats are digital too (all the banking systems operate with digital transactions). The main benefit of cryptocurrencies is data security, since cryptocurrencies are highly decentralised, its really a benefit, that's right! Yes i am talking about cryptocurrency, fiats are digital too but crypto has more benefits compered to fiat. Great that you cleared it out but I wouldn't call fiat a digital currency just like that because fiats are originally offline or has physical properties but later on fiat do also have their own digital version. We are now in an era where many people are using digital money. Cryptos are also a kind of digital currency. We that are here in the forum mostly preferred it. That is because it can give us an income. Either by working in a crypto job or by investing, trading, staking, etc... on it. About the advantage of fiats I think it is more regulated and it is possible for us to get a refund once we got scammed or accidentally sent our money to a wrong address. They are also quicker and has less or no fees some times. This is why I sometimes use it apart from my cryptos. |
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If you check the price of Bitcoin, only few people have big money to invest and that is why most people divert money to altcoins, Bitcoin is already a saturated market by institutional investors. Altcoins are safe haven for people that are late for the party, this is why you see new comers catch up with the new alternative coins that has low caps to gain something later, every week we now see them flood the market and whether the bitcoin maxist like it or not, it can not be deny that altcoins attract more 80% of investors, even the institutional investors heavily put money on altcoins because their profits are always insane.
The global market effect of altcoins is liquidity, altcoins attract lots of attention and investors because when there is PR, good marketing and tech around any new altcoins, there is move of liquidity from one chain to another and also the bridge of chains has make things easier for new projects as wel.
In Bitcoin investing, no one is required to have a $28k in hand (current value of BTC) but everyone can invest on here as low as 10 to 15 Dollars. I don't mention amounts lower than it because there is a transaction fee and it can be higher than the BTC that will be left for us if we insist it. I think the real reason on why people invest in alts rather than in Bitcoin is because alts value are still small, I mean they still have the potential pump higher and it can move at a quicker rate than in Bitcoin. BTC is still more reliable than them and it is more recommended for the beginners in crypto. We still can't deny the role being played by altcoins. You already said if what they are. |
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It's unfortunate that scammers take advantage of people's desire to make quick profits in the crypto space. Greed and the promise of easy money can blind individuals to the risks involved and leave them vulnerable to fraud. New entrants into the crypto space must understand that legitimate investments take time and thorough research. So education and awareness are key to protecting yourself from scams. Newcomers should take the time to learn about cryptocurrency basics, blockchain technology, and investment strategies. Furthermore, be cautious and skeptical when it comes to investment opportunities, especially on social media platforms. This will prevent you from ever investing more than you can afford to lose.
That has been life for a long time, almost everyone who ever got scammed had that going for them because they were looking for a way of making money. I know that it is not going to end up with easy fixes, I know this, and you probably know this, but there are too many people who do not know it. There are too many people who end up with nothing at all in the end and we are going to end up with a proper investment whereas they will end up with scams. If someone tells you that you could get rich quick, know that you can't, just get away from there and just stay as away from it as possible. I know that it hasn't been a thing for a long time but that was the case, that was the issue and I try to stay away from it as much as I possibly could and so should everyone else. |
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Sometime between 2020 and 2021 the crypto market was going through a bubble so the price of each asset was sky high. It just doesn't make any sense. I had bought some assets that year but I had a loss so I decided to keep my assets.
I see this year the cryptocurrency market is improving little by little and I see this is not a bubble like in previous years.
If they are a bubble then their price should be declining not rising. Maybe this is true for the most altcoins, as we all know many of them are just scams. They can rise and pop like a bubble. There are people who cluelessly called Bitcoin and other legit coins a bubble just because they saw it dumping hard but the point is, these coins are still here and it's possible for them to recover and break their last times ATH's, so they are not really a bubble. It's normal to experience a loss sometimes when investing in cryptocurrencies. Not everyday Christmas mate but as long as you are confident that you invest in a good crypto, just continue to HODL it and you will be just fine. |
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I have been in the market since 2018. The paradox I find is
The market is always changing according to world news. It has nothing to do with bitcoin
For a small investor like me, this is undesirable
I want to ask experienced investors?? How can you capture this potential market?
We are from the world, all of us, none of us live on mars, which means that when something bad happens in the world, it happens to us, directly. Also we are the ones that invest into bitcoin as well, it's our money that makes it go up or down as well. So when you combine these two together, you realize that the same people who are affected by the world market news, are the people who invest into bitcoin as well. This is why it's getting a lot of trouble and we end up with a lot of bad results when there is something bad going on, and a lot of great rises if something good happens as well. That's how the market works, people in that market being richer means getting the price higher, poorer means getting it lower and it will not change any more. |
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We all have different opinions about him but at last we all agree that he just want to have an alternative payment method without any third party control and complete control over your funds which has taken a boost in today's time which he already predicted in the past.He was far ahead in time and provided us with bitcoin the completely decentralised coin to help us with secure network.So you can call him whatever you have in your mind for him but don't compare defi to it because it's just a method to scam people of their funds through many projects.
Definitely someone I look up to, dude did something that we all wish we could have done and changed so many lives. Mine would have been a terrible life without him, I would have done so much worse, he has changed my life for better without a doubt. Without crypto world, I wouldn't be getting paid this easily for the work I am doing and I wouldn't be able to find the work I am doing right now as well. Crypto opened up the doors for a lot of poor nations citizens, we are fine with less than 1k per month, most developed nations can't live on that, whereas we can live as little as 500 if we have to, would be tough (not so much for some but would be tough for me) and I would have to take on a lot of debt, but I won't die, I would be just poor. Crypto made me rich in that regard, plus I made some return on my investments back in the day as well. |
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For me, there's nothing wrong with investing retirement money in Bitcoin, what's wrong is the investor is not aware of the consequences or good and bad.
Proper education to the owner of the money is a must so just in case something will happen to the money, the owner of the money is aware, aware that it will not give you 100%.
You should always carefully weigh the risks and potential rewards.
Yes, there's nothing wrong using retirement funds for bitcoin but it's not yet clear if OP's dad is aware of what he's thinking. If this is like a one-time thing for his dad then that's fine. But if he's planning to use everything that his dad got, that's not a good idea as his dad planned for their house. Construction or amortization might be that much but his dad would probably be conservative in his own ways rather than taking risks. I agree, I mean putting lets say 10% of your retirement fund on bitcoin and leaving that would be fine, the worst case scenario you will lose all of 10%, which we all know they won't but lets assume the worst. However, if you are going to end up putting all he has, then we are talking about something terrible. Don't risk that much money for old people, bitcoin is slow in that regard, it may go up quick, but it take years for it to start going up quick, one day it will be 30k and next month it is 80k, but for that to happen we wait 2-3 years, that's why it is not a good idea. Don't put that much stress into people and you will end up with a lot of trouble, I personally would suggest doing something smarter and just get out right on the correct time if possible. |
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