At this point making profit from both bull and bear market should be the target so we don't always wait until the market is bullish before we make profit out of Crypto. We're you able to spot the beginning of the bear moment or did you join the trend after several candles formed.
For me I joined the trend after the formation of an evening star just above the overbought zone I knew it was going to be a massive sell so I joined the train and made some cool profit. It might likely take a longer time for another pullback for now let keep consolidating around $45k-$48k. What do you think
Yes I did experience benefiting from the market dip but not as a day trader, but a long term holder. I usually buy back some promising coins and tokens during the dip and from my experience that some of them didn't push through, but others are going up and I am happy at least to take some profit. It's also a gamble to buy the dip, because you may not know when it will go up, or it may even go down further that would make it expect the unexpected. |
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Deloitte has released its annual Blockchain report https://www2.deloitte.com/content/dam/insights/articles/US144337_Blockchain-survey/DI_Blockchain-survey.pdfDigital assets are disrupting the entire financial market These are the first words of the paper... For those who do not know this company Deloitte is one of the Big Four accounting organizations and the largest professional services network in the world by revenue and number of professionalsNotice they don't mention "Bitcoin" per se. Instead, they use "digital asset" since they considered CBDC as well, or "crypto-assets" . Cybersecurity and regulations are the main barriers to mass adoption but they will be very important for decentralized finance. But overall, the path to digital finance is soon complete. Forget the cheques, it's good for grandpa.  (just joking, I still use it myself) We will all be living with digital money and digital wallets. 5 or 10 years, it's like tomorrow. The paper is based on a survey of 1,280 executives with an understanding of crypto, digital assets, and blockchain. 320 were from the financial sector, including 70 digital asset pioneers. So not the teenagers at school. Almost 80% of all respondents said that digital assets will be "very/fairly important" in the near future. I know that anything is possible, but 5 to 10 years isn't enough. Maybe more than that in my opinion. El Salvador is already doing that by making Bitcoin a national currency in their country, being the 1st in the world. We are indeed transitioning to digital ways, so I don't know if fiat currencies will be completely gone unless the respective governments of each country might introduce their own national currency like what China is planning to do it as they're really anti-crypto. |
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I intend to purchase some BTCs/ETHs into my blockchain wallet but I'm still sceptical about which of the coins is better and won't fall below the water. I am asking this because I don't understand how the cryptocurrency market works yet.
BTC or ETH? I would appreciate your suggestions, thanks.
Dude first of all, nothing is guaranteed here. All of the cryptocurrencies especially Bitcoin and Ethereum are subject to volatility. Both of them are great long term coins. If I were you, don't just put all of your eggs in one basket. learn to diversify. Maybe put some of your amount on BTC, and then some of ETH, etc. |
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Sa totoo lang if they wanna tax our crypto earnings, mag ba-base sila sa "realized" net income. Iba kasi yung revenue sa income. Malaking challenge ito sa BIR dahil bagung mundo talaga ito at saka yung volatility ng market napaka unpredictable. Sa ngayun lang kasi, yung realized earnings lang muna ang i-tax ni BIR, which is any crypto successfully converted to fiat money.
Pero ang pinaka-challenging sa BIR when it comes to tracking is yung P2P transactions na hindi dumadaan sa bank accounts at saka buying physical items like real estate, etc., using crypto instead of fiat money.
Although marami mga tao nagalit dahil sa pag feature ng Axie Infinity sa kay KMJS because they want to stay low key as possible, it's a welcoming development for the Philippines to recognize that these play-to-earn games could contribute in reviving the economy na in which as citizens kailangan tayu mag pay taxes.
Dalawa lang kasi ang guaranteed dito sa mundo. Death and taxes.
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As many of you know, yesterday BTC dropped to ~42,000 USD. And of course many other coins follow BTC.
Now the question is, is it a natural process or there are some people behind this drop?
Can we assume that there are forces who can 'manage' the market like yesterday?
As a crypto enthusiast for years, this is normal. There are a lot of flash crash events happened in the past and we just have to get over it. You know why? Because cryptocurrency prices are unpredictable. You may not know when it will pump or dump, coz' it can happy at any time without warning. Not even the so-called experts are perfect in their technical analysis, as their predictions aren't accurate at all. Newbies might think it is man-made, but that's the way crypto works naturally. Pumps and dumps are normal in the world of crypto and you gotta deal with it. As this is considered a high risk investment, always DYOR and just invest an amount that you can afford to lose or treating it as "dead money". |
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In other words, always do your own research and only invest an amount that you can afford to lose. To be honest, I've lost a lot of money investing in various coins no matter if they're legit or shit. We cannot predict on when they are going to recover, even Bitcoin and Ethereum despite that they're likely to have better chances in recovering than the others.
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Back then when I was still a newbie in the world of cryptocurrency and blockchain technology, one of the things that I didn't do was in-depth research and all I have was full of excitement and get in to the hype. Remember 2017 where the ICO hype was booming that made BTC, ETH and other cryptocurrencies skyrocketing like crazy? And even airdrops and bounties are paying that high? Yeah, I was there it's like I don't care at all as long as I've joined whether investing on it or participating in these airdrop/bounty programs.
Yes I did made a lot and I'm blessed, but I'm also losing some too that I didn't do my homework that made me prone to scams. I've learned my lesson until now, and these projects are unpredictable where we could only invest on what we can afford to lose. These are exactly the points that I am considering before investing in such projects.
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I did expect a pullback of the crypto prices though despite that El Salvador made that huge announcement in officially making Bitcoin as a legal tender and even purchasing 400 BTC. We don't know the cause of the flash pullback yet, but I think this is a random whale manipulation in my own opinion. They are playing the minds of the weak hands that made them sell quickly so that these whales could buy back even more. Again, it's just my opinion.
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It is not possible to ban a decentralized game, but the government can ban connections to the game using its firewall system. And of course, only China has such strict control, besides Russia and China, I can't think of any other country that can afford it but the US. Of course, the US is in favor of crypto.
Recently, the Philippine government wants to tax Axie players. That is no good.
This has come to the point why the government is hunting those who play Axie Infinity and those who earn big amounts from gambling as they keep posting on social media how much they could get from this. If they are just silent and never do that, the government never knows it in the first place. But sad to say that is going to happen now, if the law will be going to release and approve, then that was the time they have to pay taxes for it otherwise this Axie game will be banned. It was just a matter of time until Philippine's government made a statement about Axie Infinity since the game is so popular there. In fact, there is no way to keep the popularity of Axie hidden, because even if people don't post their earnings at social medias, they talk about it with their friends, at work and this talk never ends, reaching to the government's ears at some point. I think the game wouldn't be so successful right now if people had a different approach when sharing their experience with Axie Infinity. After all, marketing is also a very important factor when growing the audience of a product or service. Undesired attention from governments is just a bad and inevitable consequence of the game's popularity. It could be worse if Philippines' government acted like Thailand SEC, which completely forbade NFTs and DeFi investments. As Philippines is one of the friendliest countries in the crypto and blockchain space, I don't like to see them end up like Thailand. For sure, Thailand would be left behind if they can't embrace NFTs, DeFi, etc. Worse of all is China, where they are anti-crypto by cracking down on Bitcoin mining, exchanging, ICOs, etc, on top of their "Great Firewall". I assume that the Philippine government would welcome this development because they realized how Axie Infinity and blockchain games can contribute to the economy as long we are paying taxes for sure. Only death and taxes are guaranteed in our lives to the very end. It's the lifeblood of the government, whether you support or criticize them, a law is a law and we have to oblige. And of course, Filipinos are still under the "Income Flexing Pandemic" where they can't just stop themselves showing their money, house and lot, cars, etc., instead of staying low key. |
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If only I knew Bitcoin during the early 2010's, I would have never got into network marketing which failed me for years. But back then, I was just a low income earner and I have no knowledge about Bitcoin. I was only introduced to Bitcoin sometime in 2014 where I just created my account here on Bitcointalk, a Coins PH account, etc. After that I ignored Bitcoin until in mid-2017 where it hype-boomed due to ICOs.
Yes I have the same feeling if I knew about Bitcoin back then, I could have bought a lot despite my low income earnings back them.
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There is no way to know your limit height in life if you never attempt, yet there is always a boundary to what an individual is capable of doing in any situation.
To enjoy your wealth, you must be physically and emotionally fit, not the other way around. Nobody enjoys his or her money unless they are in good health.
It is your primary responsibility as an investor to look after your health; investing in cryptocurrency should never put your life at risk; your investment should always prioritize your health because selling your properties, life savings, and everything into crypto is a foolish thing to do. What happens in a bear market, and then unanticipated health issues arise? How do you deal with this? It's sweet to invest in cryptocurrency because of the enormous return, but you can only enjoy that as a healthy investor; you can't enjoy your Lambo if you're sick.
I was reading through a thread on one particular board, but I couldn't find the link to the thread where the OP stated that no matter how hungry he was, he would not sell his bitcoin. Yes, he may be correct; that is the true power of diamond hands; however, this should not come at the expense of your health. I'm not saying you should sell all your bitcoin and eat healthy food, but I am advising you not to go hungry because it lowers your good health rate.
There are many unusual things we do that are harmful to our health; avoiding these will not only improve your health but will also help you maintain your physical and daily activities. These are the irregularities that we used to overlook in this space.
Not getting enough sleep: After staying all day, staring at your computer screen, trying to determine the next market movement, burning all of your energy chatting the trend with many lines and trying to explore the next thing that will double your portfolio, but failing to get some sleep after the daily routine, you are not only pushing your health to the wall, but you are also slowing down your immune system.
Getting adequate sleep sharpens your intellect, boosts your mood, and keeps you calm when making crucial decisions.
Not eating well: This is part is very crucial; food is an important part of life and having a delicious brunch and a balanced diet won't cost you much. You don't want to stay at your table all day sipping coffee; instead, have some nice, high-quality meals after work. You don't want to seem thin like a cancer patient.
Take a stroll and exercise: Some individuals are naturally introverted, so getting out might be difficult for them. However, this should not prevent you from exercising; sitting in one location for an extended period can make your job uninteresting and inefficient.
Don't quit your main work: so you invested some money and made a lot of money in a short amount of time and you chose to quit your job is a stupid decision. You might be lucky in a bull market and gain a lot of money, but the same can be lost in a bear market, leaving you with the option of holding with a loss because you need that job to survive the winter, and winters are always long. Make no steps that will cause you to second-guess yourself.
Stay healthy and keep learning.
Unless if you are working full-time for a crypto company that gives you weekly, bi-weekly or monthly wages, this one isn't a side hustle. But for the rest like crypto trading, investing into ICO/IDO/IEOs, airdrops and bounty hunting, create/buy/sell NFTs, play to earn blockchain NFT games, ambassador works, etc., they are side hustle as usual. And yes I go outside for at least a few hours to relax my mind and body, not just spending all day and night sitting on my gaming chair and do crypto stuff (unless if we're under hard lockdown where we are prohibited from going out due to COVID-19 pandemic, I could just watch TV with my family). |
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Which P2P crypto trading platform do you use and why? I'd love to know about the ones you have used and your experiences with them. Also, I'd like to know why you choose to use P2P rather than exchanges etc. Thanks in advance everyone.  I've only used Binance P2P to be safe. They have a unique state of the art system that would prevent sellers from scamming buyers like me. I've been using Binance P2P since last month and so far it works really well, especially if we have multiple payment options like bank, mobile wallet, etc. |
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Many people are currently losing some tokens from their wallets or unknowingly getting stuck in another wallet. Have we ever wondered why this is happening from someone's wallet? The main reason is hack. Hackers are banging the tokens through their surveillance. Any small amount or big. If you ever notice some tokens in your wallet that are being added without your knowledge.I'm going to swap or sell your token without thinking about where the token came from. Never do that. Because hackers put their tokens in your wallet and when you go to swap or sell the token without seeing the token, hackers like the token. Remove from your wallet. Some tokens that you will never swap or sell-
*ALPACAFIN.CO... (ALPACA)
*BestAir.io (AIR)
*BNBW.IO (BNBW)
* BSCTOKEN.IO (BSCTOK...)
*GoFlux.io (FLUX)
* Minereum BSC (MNEB)
*ShibaDrop.io (SHIB)
*TheEver.io (EVER)
*AirStack.net (AIR)
*TheVera.io (VERA)
*ABFIN.org (ABFIN)
original post local section: https://bitcointalk.org/index.php?topic=631891.msg57751830#msg57751830Is there any way to remove these tokens from the wallet?I have those in my wallet too. However, I just simply ignore them and not wanting to exchange those scam tokens. These scammers are doing the crypto honeypot scam. You might wanna Google or Youtube that bro. Recently, my friends are also inquiring that same concern to me and I just told them not to exchange them forever because it's a trap hole when they attempt to exchange these scam coins for good. |
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The stupidest thing that I have ever bought using BTC was multivitamins package from a friend of mine. I am not saying that the multivitamins set isn't bad because I am a user of it for almost a decade, it's just that after purchasing it with BTC, days later the price skyrocketed like crazy and I was like "Whaaaaat!!!!". It's just a one-off experience anyways.
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As a trader, do not let your emotions conquer you. On top of that, only invest and trade what you can afford to lose. It’s challenging for us to control our emotions when we lose money on the trade. There are traders out there years ago who just gave up on their life after making one trading mistake and losing lots of money.
I’ve been there. Been losing 6 figures in Philippine pesos for the past few years due to bad trading and holding decisions and consumed with greed. I’ve learned my lesson the hard way and accept the loss, and took me a lot of time to get over it before getting back on track.
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I have multiple phones (only 1 of them isn’t used for crypto purposes), an iPad, a Macbook Air and a desktop. However when I go out and try to access my crypto, I’m not using the public WiFi, but instead using my own mobile data (which is good enough). I don’t login with any of my crypto accounts using public WiFi.
Since I’ve been in the crypto space for years, I was never hacked by anyone or having my wallet compromised by phishing sites as I’m a bit smarter than before in dealing against hackers/intruders with various modus strategies. None of my old wallets got hacked. I store my seed phrases and private keys offline. I also have a Ledger Nano S (and planning to buy Trezor this year).
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Hello, my friend borrowed from me 4 digits money (more than half 5 digits) since 6 month already , and we're supposed to split the profits and he's saying he's waiting for the bitcoin to be at high value to sell what he bought. I said to him, aren't you supposed to make money with what I gave you by doing day trading stuff, he said no because his excuse is: He's sticking to the BTC currency and if he sell some while it's higher he will have to buy it again (not really sure of his excuses, anyway it doesn't seems to be real)
I suspect that he is doing day trading (he said to me that he reads hundreds of webpages and watches videos on crypto so..) and he bought a second laptop to have multiple screens, just for crypto. I suspect that he's doing money with my money and invented a story about selling BTC on December when the BTC will rises "before going stable for 3 years" so he said, then he would give me some kind of earnings that we would split.
My question would be: does he obviously hiding a lot of earnings from me in day trading, that he would do from Mars to December? Or is he legit to say he is just waiting all this time the good time to sell BTC when it will be a good time(with a new laptop just for crypto that he bought, not a expensive one, but anyway)
First of all before you lend 4 digit money to your friend, did you both come up with a written agreement on something with both you and your friend’s signatures? With all due respect, it is a no-no to lend money to those people (even close friends) for the purpose of trading cryptocurrencies. It is because cryptocurrencies are volatile and unpredictable, and it may go up or down in value without warning. What you’ve been doing is high risk on your part. You might get lucky if BTC shoots up again and if your friend is fulfilling his promise to you. I had a bad feeling about this in my opinion. |
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Well, magaling talagang magtago yang tao na yan, nakapuslit ka paalis ng bansa eh. Mautak kasi. Pero sakin lang ah, mahihirapan talaga ang BIR sa pag tax sa mga Axie players or managers na malaki ang kinikita at pasok ang income sa tax bracket lalo na kung ma trace nila yung mga income mo.
Ang daming news sa feed ko tungkol sa BIR sa tingin pwede nila habulin ang mga Youtube influencers pero mukhang malabo sa Axie infinity kasi wala naman paraaan para ma trace sila kais di naman sila expose yun lang mga mayayabang na gusto ipakita ang income nila sa Axie, puro kung tahimik ka lang maglaro malabo ma trace nila account mo hindi naman siguro makikipag cooperate ang Axie para ibigay ang mga IP at details. Before the COVID-19 pandemic, matagal na tayu mga Pinoy na under the “Income Flexing” pandemic. Mga adik kasi mag flex ng kanilang income in public na may statement pa “not to brag but to inspire”, at until now wala pa tayung “Low Key” vaccine. Mostly Facebook ko nakita eh, mga crypto friends subrang flex ng flex kanilang income not just in crypto, play-to-earn, pati mga kinikita nila sa networking, e-commerce, sweldo, etc. Probably the longest “pandemic” ever na mahirap i-contain. Basta pag payout, pakita agad sa public para mainggit yung iba, but little did they know na ma target sila talaga not just ng BIR, but also mga scammers. Worse of all, pati mga holdaper at kidnapper pwede nila ma target yung mga nag flex income pag alam nila kung saan ka nakatira. |
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Will Bitcoin move to proof of Stake? Does anyone know? What are the developers opinions on this matter?
Highly unlikely, but I am not saying that it will never happen. Who knows maybe in the near future it would happen without warning. As it is using the proof-of-work system, it causes the fees to be higher and the duration of the transaction is longer even up to an hour or more. Just my opinion only. |
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Last night, he reached out to me again to buy ETH for his second Axie team, but this time I said no.
I don't understand you clear here. Why did you stop your friend to buy ETH when he needed ETH to buy the Axie game ? The price of ethereum is still undervalued and think that your friend will play Axie and generate a lot of income. I think you should again advice your friend to go for it and try his luck in the Axie game. If I could have sell it to him again, I may end up regretting the same thing. I’m so dumb not thinking about selling my short term coins to ETH first instead of using my then-current ETH holdings I have. Like I have mentioned in the thread, the first time I’ve sold my ETH to him, the coin skyrocketed a few days later from $2k to $3k+, and I have regretted selling it to him, in which I could have gained more profits by holding more ETH. |
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