Latest posts of: kentrolla

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1741

Alternate cryptocurrencies / Altcoin Discussion / Re: A lesson to learn here I belief

on: February 15, 2022, 05:41:32 AM

I have started practicing this offlate because there were so many coins which I have ended up selling in the past by underestimating its value or assuming it's the last ATH and HOT(holo), CHZ, CHR are examples wherein I sold them too early by missing out on almost 20x profit by settling for just 3x. Apart from holding on to a certain percentage as you mentioned we should even sell when we are at loss because eventually the invested coins will reach new ATH with few exceptions. But at the same time we need to know the peak level as well because if we take coins like XRP and XLM as an example as these coins didn't break their 2017 ATH and I have seen users hodling at the ATH and selling it off for 5% of its ATH during 2918-2019

1742

Alternate cryptocurrencies / Speculation (Altcoins) / Re: Dogecoin 🐕‍🦺 1$ possible in 2022 or not?

on: February 14, 2022, 10:23:44 PM

Some of us are still wondering how did Dogecoin even survived for such a long time as there is zero real life usage of this coin and not sure whether it would have achieved ATH without Elon Musk's tweet or not. I don't think Dogecoin has possibilities of reaching $1 unless Elon makes some special announcement about Dogecoin unlike previous tweets as people have lost interest in cryptic tweets and they need a solid proof why to buy Dogecoin. $1 is possible only with the help of billionaire like Elon or any organization.

1743

Alternate cryptocurrencies / Speculation (Altcoins) / Re: Why people keep "investing" money in shit/memecoins? Genuine question.

on: February 14, 2022, 07:27:39 PM

Who don't want to try their luck? Users wants to see if they can become rich overnight and sometimes it works very rarely but most of the time we end up losing. I would consider myself as an example wherein I ended up investing into some shitcoins like santacoin, earthcoin and a coin named 777, guess what I gained over 300% overnight on the first day itself wherein my $45 dollars became $135 then suddenly I started losing it all and ended up $200 more and again started losing it all and my my LAtoken wallet has a balance of just $1.73. It's better to set up a limit post which we should invest in shitcoins and memecoins else we will end up losing it all. It's like there would be 1 win day against 100 losing days.

1744

Alternate cryptocurrencies / Altcoin Discussion / Re: Not blaming centralisation or decentralization, this is just a thought

on: February 14, 2022, 05:43:27 PM

People will not be content with anything, we have already diverted from definition of crypto and P2P thing it demonstrates and I would be wrong if I say we still prefer Dex, as we have migrated to CeX long time ago due to better UI and volume compared to Dex. Fraudulent activities or cheating can happen in both CeX and Dex, there are certain demerits in both Dex and CeX, had it not been for emergence of CeX we would have never had such huge number of users trading into crypto market everyday, if it's not for CeX we cannot even buy crypto in most of the countries. Soon more people will be switching to CeX and USDT will remain as most preferred stablecoins until it's paired with all the coins as it makes trading easier in multiple ways. I have moved on from Dex long ago hence cannot comment much about current situation with Dex and some of the so called decentralised stablecoins.

1745

Alternate cryptocurrencies / Altcoin Discussion / Re: should i invest in new project?

on: February 14, 2022, 02:39:56 PM

Just by looking at the name i would suggest you to stay away from the project as these sort of projects are hastily developed based on season which doesn't consider long term since they don't care once the project is sold out. I am not trying to create a negative atmosphere but we have seen so many projects like this ind the past which disappeared just after the ICO or by dumping the tokens into exchanges like Mercadox. It's better to go for project based on the services it caters and it should have partnership with established organizations.

1746

Bitcoin / Bitcoin Discussion / Re: India's confusing crypto bill

on: February 14, 2022, 09:33:29 AM

Quote from: COOLCRYPTOVATOR on February 13, 2022, 07:41:25 PM So if not legal yet, using cryptocurrency will consider a crime? It's like some countries have been taxing alcohol drinks but it's illegal I'm their country. India making drama form while. They just make things more complicated and encourage people to use cryptocurrency in the black market. Officially announced about Tax, but not yet finalized whether it's legal or illegal. It's just a ridiculous statement to me, not only confusing. Yes i believe that they are trying to supress crypto users into giving up crypto but at the same time taxing them as well, I think either they are rushing up things or having some other plans as the Indian based centralized exchanges will be the worst one to be affected and users will stop using them and move on to decentralised exchanges and also some traders who already hold huge amount will just shift their base or start using proxy from a crypto friendly nations for cashing out and other activities. IMO there could be two possibilities after researching a lot about India. 1. Particular businesmen associated with government would like to dominate the crypto market and they are too late wherein other exchanges like Wazirx, Coinswitch and Coindcx are well established and this draconian rule is to make them go bankrupt and then the businessmen associated with government of India who will find them in elections will be starting their own crypto exchanges with relaxed rules from government. 2. Indian government don't understand crypto and making a huge mistake and run by fools.

1747

Alternate cryptocurrencies / Altcoin Discussion / Re: Bitcoin doesn't have a bright future anymore

on: February 13, 2022, 09:28:21 PM

No you have shared incorrect details as i remember Bitcoin dropped to around $3200 in the month of December 2018 and the new ATH which we had 3 months ago is around $69k which is an increase of 23X compared to last four years all time low value. Regardless of altcoins Bitcoin remains first preference when it comes to crypto investment as its safe and does retains its value even after massive dump like we witnessed in last 4 years. Ethereum is indeed a good invetsment choice as it is yet to reach its full potential.

1748

Bitcoin / Bitcoin Discussion / India's confusing crypto bill

on: February 13, 2022, 06:44:13 PM

Recently India has passed a crypto bill to tax crypto income by 30% but at the same time claiming that taxing cryptos doesn't make them legal and states it's country's sovereign right to tax crypto and this atrocity doesn't stop here as they have mentioned that the decision about banning crypto or legalizing it will taken after further consultation. Can they tax something which is not legal? How can a country tax something which is not legal? Moreover they still have plans of banning crypto since they are not clear about their stands on legalization. Not sure if it's an attempt to unofficially break the crypto market in India or what's going on. Share your thoughts on this. Source: https://www.businessinsider.in/cryptocurrency/news/taxing-cryptocurrencies-does-not-give-them-legal-status-clarifies-indias-finance-minister/articleshow/89500097.cms

1749

Alternate cryptocurrencies / Altcoin Discussion / Re: Elon musk net worth is like the entire market cap of Ethereum

on: February 13, 2022, 04:37:44 PM

That's why he had ability to turn the tide and make doge go bonkers with just one tweet, rich people definitely have influence in crypto if they decide to enter the crypto market but at the same time the magic will soon fade off like it happened with Doge and now nobody bats an eye when he tweets about doge. As far as I have understood his strategy he would either invest into a shot coin and make is pump by tweeting about it or rolling our updates like he is gonna accept payment for Tesla with that coin and then double his fortune by selling it off rather than picking an established coins like Ethereum for invetsment.

1750

Economy / Speculation / Re: Is Bitcoin the best investment at the moment?

on: February 13, 2022, 01:51:30 PM

It's always a good time to invest into bitcoin if you are a long term Hodlers bit for short term when the price drops and starts rising then thats the right time invest into bitcoin. Some jumps from bitcoin to Altcoin for quick gain but it's too risky as sometimes it takes ages for altcoins to bounce back.But bitcoin has the ability not only to bounce back but hit a new ATH and it's more reliable. I usually split the invetsment into bitcoin for daily trading and long term, for long term I keep higher target and don't bother to check until target is met but for daily trading i read the candles and take entry when the buying starts after a red candle and keep a target of 1% and make targets three trade of 1% each.

1751

Alternate cryptocurrencies / Altcoin Discussion / Re: How do you know when to sell?

on: February 13, 2022, 08:41:31 AM

You will get different opinions from different users and they are all valid, i personally set up a target for selling and once the price of that particular coin comes closer to th target I book an OCO (one cancels another) at a higher sell price and set up stop loss at 5% lower than current price to avoid losing out on profit or incurring loss. Sometimes I do go by candles when I am free and just buy/sell based on candle and 5 mins chart helpsme to identify the buy/sell level.

1752

Alternate cryptocurrencies / Bounties (Altcoins) / Re: VALERSTUDIOS SIGNATURE CAMPAIGN |5 WEEKS 15,000 USDT|UP TO $85/WEEK

on: February 12, 2022, 06:43:30 AM

Quote from: Valerstudios on February 12, 2022, 05:42:06 AM ( Week 4) Payments have been sent out https://etherscan.io/tx/0xa293b8bfd51b2a1e66d7ff0b163c5fb3ff69e8bed6815bd13eea14ea43be39d3 Thanks a lot, i have recieved the payment.

1753

Alternate cryptocurrencies / Bounties (Altcoins) / Re: VALERSTUDIOS SIGNATURE CAMPAIGN |5 WEEKS 15,000 USDT|UP TO $85/WEEK

on: February 11, 2022, 06:14:32 PM

Quote from: JanEmil on February 11, 2022, 05:13:31 PM Sheet updated https://docs.google.com/spreadsheets/d/1NDa6uMf5lSbYD05zurwwZqighwhngpd6etpIP18o4q0/edit#gid=077 WEEK 4 60 USDT, ETH 0x187DC5f13c11D8Fe6a1AE275158b60BacCAb713d 0x46e6cF0907E6D606a2CBF2eF5eBFAE4D65Eb7f40 0xd55f8da768d34b5da735ec05283dc31148a16655 0x326cf4b1332fa332433019aae6b1b26c689725ea 0xf8d929f43feea302c86da51df36c4751e83b8be4 0x5cb799687CDcFbcb36D6501D0939bee4D72f56Cc 0xaf2916ddd82b9c151397d3e4642d77154c6dab4f 0x13C3e2BEd7c60EFfBf64705E24a6D1F2fa3e4Bc4 0x0479c44a3265D975FB930Bb527AA6DFff416DFA7 0x633a40c4ec81a79f7968EF2eF8f7ebBF91Dcef60 0x71199fd23d059060a872924330e9899a3b66e8ac 0xd665778816f25ca2df1d0fdd00269b415a031823 0xb3e883F468924664aEE3Bf0a38EfA6c8415F65af 0x4B483f56fE62B3a190aB9Abb763e080dEC3eC7Dd 0x2ba5521bf0971be65328db308912b30b6e4b8d0a 0x464064d792629472416c1233AB162e3c8FbBa284 0xAb45E7E7BE7C7954CA71d258B492B3b9B7de5B44 0xee1b6d58520337475fb6377287224f5c8a7fb014 0x3F54CAdB0f6701Cbd547DC177CE7A8C8d61BDBe4 0xdCf5B3d72f54D701cE3807f81AEBfAfb4348C50b 0xFcE099083fc5600a2cF808800f99a4cfa6C59325 0xa1ff3e61f13c55da441a202480f88790e0f2f98e 0x63c35d91c7Aee623DBbABe4a959e70A7923d0F5C 0xd5e6797bc06fdc2b952e06171a9286ca8ad4a192 0x614486c700044913ddc2667ebad48ee56cdfe841 85 USDT, ETH 0x2C2722f55d1A3b91B3c7D8E8CCDCb7c45D25833C 0x95602974357e6F50b9d8386E7eb28544D433B7B3 0x280E7EB232A480D142262Dc526618BaFBbdB4619 0xeaD1CE30c17eF0B45D828b6c833416848cC4c4C1 0x4ff05e445f96bb7b2a8ffa19bba6da91691bbc27 0x4aa41922623eabb4ef076ef408a0eeb84fce3d33 0x61Dab8723EfA791Bb6bC71D3D667F0Fc88d502e6 0x4377F84b8E89B225169b815B12FcAFc334F39d34 0x01c68DE2A7A84BF0A58797C53aa91F08cF2A6cBf 0x5d3f5b8891dd2d199934eb9bb4343b72abfc988f 0xa089c46837CE357B4a9553eD972A99e3A4687f1f 0x54eb06d990dd42acA18CfD05C2736adF2299a412 0x6b086f6ea8f35c72a5ef492bebdbe25ff5414fe8 0x77d4eb2fd25f8f90229a60d713193a5f58434bca 0xe34F78c4D1239272A44D728bF4893e935412408b 0x0401D037A95569027DA3d16eE4Fb526C5BBEE62F 0x0d60bcc50f13b502db0496706cdc7a1bf16d8045 100 USDT, ETH I MADE MISTAKE LAST WEEK AND GAVE 15$ TO LITTLE 0xfd5c09a6f2292204de9b1d70db5b574a098e1a3c Sir, could you please check about my payout as my ETH address is not there in the list shared above ETH address: 0xAc1a817b56b453c760A49A4C1E5957A3d51a8716 It shows as approved in the spreadsheet, please check sir

1754

Alternate cryptocurrencies / Speculation (Altcoins) / Re: What are your plans for the 2022 crypto market?

on: February 10, 2022, 09:01:46 PM

Quote from: Republikcoin.com on February 10, 2022, 11:17:37 AM Quote from: abikobong on February 10, 2022, 10:53:10 AM Even if one plans to use the proceeds in decentralized finance (DeFi) pools, there’s always the risk of impairment losses or hacks that compromise access to the funds. All things clearly have risks that must be borne by each actor or worker, because that is why everyone needs to understand everything completely before making a hasty decision, and if it is well understood, then it is a very mature decision and if still a loss, it means that luck is not on his side. Crypto does require some luck and more hardwork in terms of market research and proper planning as we have seen some becoming rich overnight due to luck wherein some go bankrupt due to unplanned investment and cashing out at loss. We need knowledge, patience and little bit of luck in crypto and as OP has mentioned there is always a greater risk since the profit margin is also higher than other domains.

1755

Alternate cryptocurrencies / Altcoin Discussion / Re: Why the hate?

on: February 10, 2022, 07:40:53 PM

There are two different set of people as follows one will support meme coins and other will never support meme coins. 1. Users who just wants profit: These are the users who don't care how they earn the profit they just need profit let it be through meme coins or shit coins or even a possible scam coin listed under low volume exchange as their main agenda is to earn profit and these are the users who have not been in crypto space for longer period of time. 2. Users who are serious about crypto and they rather focus on the services and technology a project caters thus they will not support meme or shit coins and their focus is on having improve the crypto space and utilise the sevice which crypto offers in real life.

1756

Bitcoin / Bitcoin Discussion / Re: Fed decision impact

on: February 10, 2022, 05:25:00 PM

Quote from: TeslaWatt.com on February 10, 2022, 05:04:36 PM The impact of the Fed’s decision to tighten policy to halt inflation will help determine whether bitcoin will see another banner year. What would be the result of the hasty moves in Fed policy to affect the price of bitcoin during 2022? Kindly, choose one of the following answers and please share your opinion. 1. Frequent price rises and falls; 2. It will boost the price; 3. It will lower the price; 4. No significant impact expected. No significant impact expected - this is neither the first time nor will be last time bitcoin is going through this and guess what bitcoin and the community is used to it since we have already seen this for a decade and bitcoin is still not only surviving but also getting adapted by the institutions hence these Fed policy will have no impact for bitcoin expect a slight fluctuations as seen when noose was tightened against Bitcoin in the past.

1757

Economy / Speculation / Re: ₿ not going below 40.000 (probably)

on: February 10, 2022, 03:40:46 PM

Quote from: TheUltraElite on February 10, 2022, 04:58:29 AM Quote from: Dhaniii on February 05, 2022, 11:58:44 PM now bitcoin has seen a bright light where previously bitcoin was under the price of $40k, but now bitcoin has penetrated the price of $40k and bitcoin is at a price of $41k, that's a sign that bitcoin has seen a bullrun again. Bitcoin price currently at 43k gives hope to the bllrunboys again. But be sure that you will see selling pressure at this point too, some people bought at 40-41k before the dump and are looking to get out quickly before it drops again. I think it will take some time to reach back 45k but it is happening and it might be before this weekend if everything goes well. Either way traders need to learn how to profit from both sides. When bitcoin goes up, sell it for fiat and keep the fiat to buy when it goes down. This cycling is of utmost importance. Being stubborn will not get your anywhere and you will get frustrated when you observe that you have not made any significant profits in the last quarter. Yes there are lot of users who have bought Bitcoin around $45k before it started dropping down and most of them were stubborn that it will bounce back now since bitcoin is around $45k those users will be awaiting for some quick profit and wouldn't take the risk again this they would tend to place sell orders or OCO or Stop loss orders. But again it depends on how soon bitcoin crosses $50k mark or how long does it stays over $44k or $45k if it drops by over 3 to 5% then the sell pressure will come into effect.

1758

Alternate cryptocurrencies / Altcoin Discussion / Re: How good is staking coins?

on: February 10, 2022, 12:22:23 PM

Staking is a a good concept wherein it's good for the coins which are staked and at the same time we get reward for joining the pools. Its just like recurring or FD scene of banks wherein you get x percentage of interest annually for saving the money for lock in period the same goes with crypto but with bank you don't risk losing anything from your capital investment, but when it comes to crypto if the coin which you have staked rises then you get better return as apart from the interest the value of coins would have increased and vice versa if it drops down. Staking is not for short term investors or traders. Don't jump into it unless you have a clear plan of not cashing it out and willing to accept profit/loss towards the end of staking period.

1759

Bitcoin / Bitcoin Discussion / Re: Bitcoin Purpose

on: February 10, 2022, 07:57:30 AM

Unfortunately we have already moved away from the goal of bitcoin mentioned by Satoshi Nakamoto as we hardly use Bitcoin as a p2p transaction rather we invest into bitcoin for profit and since the institutional investments started pouring into bitcoin it has changed the course of game and I know still some of us use Bitcoin for P2P but there are other cryptos which provides faster transaction speed and almost zero transaction fee hence bitcoin is no longer utilized as P2P and rather an investment medium which has come under government's radar wherein they have already started implementing taxes on Bitcoin and trying to regulate it. We need to accept this fact and understand that the original goal has been ruined and it has been turned into more of a investment medium wherein corporates can change the tide anytime they want.

1760

Economy / Speculation / Re: Deception of manipulators or new rise in prices?

on: February 09, 2022, 10:04:57 PM

Quote from: zasad@ on February 09, 2022, 02:04:21 PM Two well-known bloggers with a large audience are talking about the rise in the price of bitcoin. https://twitter.com/MMCrypto/status/1490958391048810496 "#BITCOIN IS EXPLODING!! [finally]" https://twitter.com/TheMoonCarl/status/1490988524920709127 "#Bitcoin to $100,000 this year or I delete my Twitter account..." According to the laws of the market, most participants lose their money, and I think that market makers will not raise prices now, because many people bought bitcoin in the range of 45-60 thousand dollars. I think that this is a big deception and a trap, after which the price will be reduced first to the range of 32 thousand and then even lower, for example, by 25 thousand. We shouldn't be giving importance to these bloggers who just predict things as per the current market situation and they never predict before a bear market or dip, they are not reliable. I don't think bitcoin will drop below $30k anytime sooner as it has already bounced back and approaching $50k mark, had it been a bull trap they price will not remain above $40k for even few days. I think we were going through correction phase and now it's in the upward direction once again. Market maker will raise the price now in order for them to take profit our of existing invetsment they have made when bitcoin was above $45k

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