Bitcoin Forum
June 16, 2024, 03:41:17 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 [83] 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 ... 534 »
1641  Bitcoin / Bitcoin Discussion / Re: Investing against 2024 on: March 30, 2023, 03:39:00 AM
As 2023 is going to be a tremendous year, and the elite are working towards the new world order whereby new digital currency will be introduced. If btc happens not to be part of that agenda, so will investing into btc against 2024 a wise decision?

I have hearing same BS for years now, and although BTC is a digital currency it will never be the method of any tyrannical rule because its basis against oppression. Now considering this year I am hopeful for rise in price possible bull runs in the mid and late years but I dont see any "elite class" take over or any of those pipe dreams of yours, so stop smoking any of that cheap weed in case you have been doing it.

While one must always strive to accumulate BTC whenever they have cash at hand and the price hits a low, it should never be the "cultish" thing of the century, because that is illogical and leads to mistakes.
1642  Bitcoin / Bitcoin Discussion / Re: Public Perspective towards Bitcoin on: March 29, 2023, 06:24:31 AM
Keep them ignorant, why bother? After all it is your advantage anyway because you will keep accumulating bitcoin as it's price keeps increasing and then you can dump on these no-coiners with sky high prices, profits for you 😈

You can go and start educating people who are showing interest in Bitcoin, but the difference will not be huge for now other that you bring called a tinfoil hat person.

 If they lose money from some stupid MLM, chances are that they will blame you - are you ready to take that?

1643  Alternate cryptocurrencies / Altcoin Discussion / Re: This is crazy on: March 29, 2023, 06:18:45 AM
These type of things immediately draw red flags and drastically reduce the credibility of a project, let's not discuss how much the project in discussion has any left.

When it comes to trading the only prediction that is trustworthy is yours. Anybody saying anything can be false and let that not cloud your thoughts.

Shills are everywhere in this sector you have to learn how to avoid them. These people are easy to avoid because they make too much unnecessary noise.
1644  Economy / Economics / Re: What's is daily budgets or expenses as a bitcoiner? on: March 28, 2023, 02:29:54 PM
I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?
Some expenses cannot be predicted but an average amount can be calculated if you sit down and start recalling the day over a month. Usually we tend to spend more than we can afford this should be limited and you should be budgeting fine. Spend as per your need and sell those which you dont need any more. Groceries and bills will take the maximum of them all but the internet bills can be cut down if you are willing to sacrifice your series watching demands which itself brings in more sedentary lifestyle, bad for you.

Impulsive spending is common among some people and these people need treatment of some underlying mental health issue which they brush aside on their own.
1645  Alternate cryptocurrencies / Altcoin Discussion / Re: When is the next altcoin season? on: March 28, 2023, 02:24:15 PM
I have decided I have too many altcoins in my portfolio and want to convert up to half of them into Bitcoin but I am waiting for the next pump like we saw in January to do this as don't want to convert while my altcoins are 20% down.

I have only been in crypto last 12 months so not that experienced when it comes to understanding cycles. Do we have any idea when the next altcoin season is due?
Just keep holding those shitcoins. You might never actually see any bullruns on them in the next 20years but there is always hope for betterment. Use this as a lesson to never invest in altcoins again and only focus on bitcoin. You never know which shitcoins owners have gone bankrupt or have sold their project to someone else.

Altcoins will usually follow the trend of bitcoin. So a good market is to keep track of bitcoin's next bullrun you will see the altcoins rising again. But the chances that every altcoin you hold will become back to a break even price is low.
1646  Economy / Trading Discussion / Re: The best time to buy bitcoin. on: March 28, 2023, 02:18:48 PM
The best time to buy bitcoin is during the time when its value can only buy pizza, during that time btc is very low price and very affordable, if only we know that bitcoin will rise up to 60k$ then we will buy a lot of bitcoin that time, but it is not that simple because we don't know the future of btc, i think the best time to invest is today but set a limit or invest a money that you can't afford to loss.
Can only buy pizza? I would rather keep those pizza things out because it puts in a wrong emotional flavor to trading, something we should avoid. The best times to buy like I said, at the lows. But newbies make the mistake of buying at the top, one of the reasons for this is when prices rise the common instinct is to follow the herd and thus the mistake, same goes with drops, because everyone is bearish, people sell at the low and end up in a net loss.

This can only be corrected if you watch the market with dummy trading over years.
1647  Bitcoin / Bitcoin Discussion / Re: I still believe I am on the right path on: March 27, 2023, 02:25:42 PM
Your inner voice of selling at a loss will calm down once you experience more with the bitcoin price swings, then only you will realize with your own eyes that the long term value of bitcoin is huge and that buying at a low will always be profitable.

Try to read more about how bitcoin works and how its market performance has been since a few years. I have been watching since 2016 when price was ~700USD only and look at today's price as comparison to that.

Do sell at the high and then buy back at the low. That should put in some positive energy back in you and it is the way to multiply your total capital.
1648  Economy / Trading Discussion / Re: What your opinion? on: March 27, 2023, 02:16:48 PM
I really was having this question in mind to ask if it will advisable for somebody who want to start up trying doing online investment and chooses trade as perfect for him or her. What will be your advice for such person as a beginner into online Invertement. I want to hear your opinions if it right or wrong despite it risk,so what your opinion or advise .
Investments are done with the objective of making money in the long run against a risk. Trading is one such method, but it requires skills and sometimes luck. Investing in a bank which can be done physically or online, is a more safer but less rewarding procedure. Your goal should be to determine how much risk you can handle, if you want to play it safe, you should keep yourself limited to fixed deposits, bonds and real estate.

If you are willing to take higher risk, you can go with trading. I am sure you can enlighten yourself about your options from the internet. But keep in mind that money does not come for free, it requires patience and a bit of luck. Someone claiming to make thousands without doing anything is obviously only showing off, not legit.
1649  Alternate cryptocurrencies / Altcoin Discussion / Re: Circulating supply matters to you? on: March 27, 2023, 02:11:51 PM
What is the fair percentage of a total max supply that are in circulation that can make you invest in a project? It is fine to avoid a project that has low circulating supply? Why? What about if the project is a brand new project and the use case is killing it?
More the supply, less is the trust that it gets from userbase. Take bitcoin for an example, with a limited supply, it is going to get scarce over time and thus its demand rises automatically, you dont need to pump the price or make some manipulation everyday to raise its price.

In general with a large supply you never know which investor might actually drop their bag and run causing the market price to crash. With advisors knowing that these projects will never do well in the long run, often resort to such practices, the investors who might be genuinely interested in it, also lose their cool and get frustrated.
1650  Bitcoin / Bitcoin Discussion / Re: my small investment on: March 27, 2023, 02:05:50 PM
I suppose I might say that's a decent beginning. Please keep in mind that not all Bitcoin investments result in profits; some losses, perhaps even sizable ones, can happen because the cryptocurrency market is unstable. Just keep buying Bitcoin if you have additional cash, and only then should you hold onto it for a long time.
Market is stable over long time periods. The yearly swing is less than 15% but on short time periods it might seen to be more volatile. Like now the price is back to 27k which is a correction happening after the bullish swing. These ups and downs are how the market keeps itself active and it is upto you how you want to capitalize on it. You might want to play it safe and wait for the price to go back to 25k before buying again or you can buy a smaller fraction now and wait for more drops when you can buy again or sell  if the price rises.

It is tough to execute, I agree but traders need to get the hang of it over time. Again not everyone will manage to profit from this.
1651  Economy / Trading Discussion / Re: Will you advice a new trader to join a trading community or group? on: March 25, 2023, 04:40:59 PM
As a trader, things can get difficult and discouraging if you cannot relate with any other person who will have a good understanding of what you are saying concerning trading, to solve that challenge, are you part of any trading community or group that you share tips and new strategies?
No. Strategies will never change from the old buy low sell high game. In Spot at least, that is the most effective. Rest of the modes of trading are all gambling, not trading. This is not a college study group where reading more gives you more knowledge or sharing notes.

Quote
What other ways can you say you have benefited from being in a community asides sharing of tips and strategies. Are you doing better than when you did things on your own. Can there be any major disadvantage being a member of such a trading groups? What is your advice to people?
Disadvantage indeed. You will have the habit of checking that group everyday and pondering over it. Instead of wasting your time on that you should focus on family and friends to keep your mind fresh after trading.

100% of the content in these groups is bullshit and useless, so focus on your one man army of traders and also give time to things that you love to wind down.
1652  Bitcoin / Bitcoin Discussion / Re: What other ways are available for purchasing Bitcoin? on: March 25, 2023, 04:31:11 PM
I agree with you that bitcoin without a bank is very difficult and there is a fear of being robbed. But is the bank absolutely safe? Can't I keep my money safe in Bitcoin?
You can, if you country's legal system allows bitcoin to be transacted without any restrictions. Most countries have been working around it to avoid facing this statement altogether but few are making CBDC's too. At some point you have to keep liquid cash at hand and in banks, the transactions systems are not that developed to include bitcoin as of now.

Doing face to face deals is risky and should be done in a public place with your own people around you in case the deal goes south. 

Quote
Of course I can do all these things in a bitcoin wallet. I can use bitcoin wallet to store my money. Where I can add high security so that my money is not lost. I mean even in Bitcoin you can keep your money safe. If you can add all security.
Essentially yes, if you know how to handle your wallet and its nuances.
1653  Economy / Economics / Re: Money hardly come this days! Why? on: March 24, 2023, 11:12:45 AM
Sorry to hear of the OP's situation. Fees have increased in many schools but the only way to solve the problem is to avoid going to school or earn more to afford that new fee. Hence it boils down what salary OP gets essentially what job they are in.

Now not every job is pandemic resistant and people have been facing hardships during these years and will continue the next few years. While side jobs and all can be approached the main thing is to pull through the hard times. We can't create money out of thin air but we can reduce unwanted spending and limit our spending.

Let's hope the situation gets better in future but inflation will not go away easily so we have to keep fighting through it.
1654  Bitcoin / Bitcoin Discussion / Re: What do you Think might aid the global adoption of Bitcoin? on: March 24, 2023, 11:05:30 AM
Increased awareness and education, improved user experience, increased merchant acceptance, regulatory clarity, and network scalability are all important factors in promoting global Bitcoin adoption. Increasing Bitcoin adoption will necessitate a combination of technological, educational, and regulatory advancements, as well as efforts to make Bitcoin more accessible, user-friendly, and legitimate.
All those are big terms my friend. But in reality what we need to start off is a good userbase using Bitcoin regularly. That will bring the impetus to stores accepting crypto and gradually merchants will be forced to accept it as a method of online payment. There are people who are using gift cards to keep up the flow of money but these things need more streamlining.

We are never going to see these changes over night. But we must attempt to make out near ones educated about Bitcoin.
1655  Economy / Trading Discussion / Re: Experience on Bitcoin on: March 24, 2023, 11:01:44 AM
I don't think this depegging will affect the Bitcoin that much. We have seen a good rise to the 21K price point today from 19.7k which was yesterday. And It is quite possible for Bitcoin to reach below 20k again or go much low, but it will be just a new beginning for the next bull run. Anything could happen at any time. So it is wise to be prepared for any situation. Keep some and buy some. That will do it nicely.
The depegging really did not affect the prices as we had predicted. In fact the price went up and are having a bullish turn from then on. We don't know why this happened but we are not complaining about it.

People are probably waiting to buy or selling to cover losses. At this point new users should wait it out. My experience is that changes in direction should be anticipated and preparations made for the same.
1656  Bitcoin / Bitcoin Discussion / Re: Which of your friends and relatives deals with bitcoin? on: March 23, 2023, 06:05:50 AM
Back in 2015, some friends I knew got into bitcoin without my advice and they got washed out by HYIPs and MLM scams. They moved away from bitcoin and only during the recent pumps in price did they come back to check on it.

I try to make people aware about Bitcoin and how it works, how it is easy to send to someone without restrictions. But there is a lot of first hand resistance because it is covered with a lot of negative news and these will take time to clear.

Becoming a topic of discussion at the dinner table is an achievement for crypto.  Roll Eyes
1657  Economy / Gambling discussion / Re: Are Casino Sites Cheating Us? on: March 23, 2023, 06:00:47 AM
Games that are having an EV negative will always have a long term loss profil, because of the house edge and because players never stop after a net win/profit.

If you think a casino is cheating you, verify its provably fair algorithm yourself. If you are confused how to do this, do some searching on YouTube.

In either case, the reputed long time running casios would not cheat you because have many forum users here who are well accustomed with this system and actively seek out casinos and their algos for bugs and possibl exploits.
1658  Bitcoin / Bitcoin Discussion / Re: how much money is considered as "invest only what you can afford to lose" on: March 23, 2023, 05:56:09 AM
in any investment we must be prepared to accept losses, regardless of how big or small we invest, all of us will experience risks, and also the benefits that will be obtained if we invest, can be seen in the amount of how much investment we invest
Keeping a mindset to accept losses is what is asked by this statement. If loss acceptance is not possible then they should not invest. The ability to predict on spot markets improve with time and experience so how much to invest will vary as experience increases. Even then there should be a limit to how much one does put at stake.

Gambling with the money should be strictly avoided. The stuff like margin and leverage, futures are all different types of gambling. That is where people lose money the most.
1659  Economy / Service Discussion / Re: Dilemma between focusing on B@bitcointalk and my current paid employment on: March 22, 2023, 02:51:15 PM
With only 11 activities and one merit since I joined bitcointalk in January, 2023, I am currently faced with the dilemma on focusing on bitcointalk in other to learn/earn, but my current job is so exhausting that it takes virtually all my time.
Be active more often, if you have a smartphone or a tablet at work, you can log in and post once a few hours and thus be active throughout the day. But you have to keep the effort from your side.

Quote
Bitcointalk is the in-thing, but it requires time and efforts to grow and my Job do not give me enough time. My Job is more like 24hrs Job were I can be called to duty when I am resting/sleeping.
If your job is a demanding one, it should be given more focus, but I am sure that you job would have to deal with problems in real life which need solving rather than the forum where no one would be hurt even if you become inactive.

Quote
Do I quit my Job for Bitcointalk? (This is running through my mind)

My Job pays less that $300 a Month.

I am in a serious dilemma.
The forum will be here for a while but there is no guarantee that campaigns will be on forever. But you job is there for now which is giving a daily income. With a little effort form your side you should be able to manage both without distress.

Quote
I need some motivating advice on what to do.
You need to motivate yourself, no one will come and babysit you. Analyze your work pattern and see when you can take time out to post in the forum. Be active on the forum and you will grow your rank gradually.
1660  Bitcoin / Bitcoin Discussion / Re: how much money is considered as "invest only what you can afford to lose" on: March 22, 2023, 02:43:31 PM
There is not binding for how much one can afford to lose.

For money that is obtained by blood and sweat, the earner knows the importance of not wasting it and this is why when we were kids, our parents taught us about money and savings and not the other way round.

For money that is earned by theft and deception, the attachment to that is low and the earner would most likely be wasteful about it.

The second option will always have more money that they can afford to lose compared to the first one. But the main idea is not to spend amounts that if you lose you would regret or fall in trouble.
Pages: « 1 ... 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 [83] 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 ... 534 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!