Firstly, keeping money in the bank is never a good idea, the banks are making huge profits through your money and never giving dividends. Why don't you use your money to make money for yourself? Second, you can't tell me you have fiat currency as savings and I will agree with you when the currency is losing value every day. I don't know why I didn't sell Bitcoin when it reached its highest price. Currently I am unemployed for three years after completing my studies. I am trying hard to find a job but luck is not helping me. I have two tuitions to support myself but it doesn't work like this, it has become very important for me to help my family. I don't know what to do now. Now the bitcoin market has increased a lot, should I sell my bitcoins?
Bitcoin hasn't increased yet buddy and the time you'll experience the increase in the price of BTC is when the block is halved. I will advise you to hold onto your BTC which is a better investment now than the business you want to start which you cant big benefit from days after you start cause it will take some weeks before you start getting something from it. After the block halving, you can sell some portion of the BTC and start the business. |
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-snip-
We never know the exact prediction for the ATH that can be reached before or after the halving, the current market scenario has the potential to see a rise higher to reach the actual ATH and we will not know when it will be realized, but I am sure we will soon see a price of $100k for ATH next. However, the current market scenario is not very suitable for short-term trading strategies because the movement patterns in 2021 can occur at any time, so consider all aspects of market movements before investing at prices above 60k unless you decide for long-term investments, if the next correction occurs it will last 50k before the bull market is ready to set its next record ATH. While some traders take advantage of short-term volatility to take profits, you say this is not the right time for short-term trading. Market patterns are difficult to predict, but some people who are truly capable of analyzing them manage to profit from price volatility. I agree that long term investment is better than trading, but not everyone agrees on this especially if they are a trader. So far I don't think $100k can be reached before the halving, unless there is a huge influx of funds flooding the market ahead of the halving. Such a scenario is starting to become hard to hope for, so now it may be time to focus on the long term in the hope that $100k can be touched a few months after the halving. The $100K price can be reached before the halving and what we are seeing now in the market is the last market correction before another pre-halving bull happens. The major concept of the correction is to strengthen the market but that doesn't mean the correction is not good for short-term trading/investment it only depends on the trader's/investor's capacity about the market. |
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Debts have gotten so out of control that it's obvious the government is just going to keep riding that printing press. The only way they know how to slow down inflation is to cause recessions and bankrupt people so they can't afford to buy anything, then bankrupt businesses who can't cut prices enough for people to buy. Eventually things reset and the government has more control over the people and less control of the money supply. The name of the game is to buy assets that will appreciate with inflation and make sure you can afford to hang on to them through recessions. If you're really lucky you get some extra money stashed away so you can have some fun once in a while. Make no mistake about it though, the government is going to keep causing recessions and inflating the currency until nobody can afford to own property. Only those who have a sick addiction to buying stocks (and maybe Bitcoin if it continues to gain adoption) will be the ones who can maintain their standard of living.
This is a sad truth and I could remember how some people made huge profits during the total lockdown season while some people are bankrupt till now because they don't understand the rule of investing in assets that will shoot up during inflation, recession, etc. The interesting part is that the government never agreed that they have less control of the money supply and choose not to follow the right procedure to control it which is to stop the printing of more fiat currency every year. |
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What criteria do you look for when you research a token/crypto? And what tools do you use to do your investigation? Please provide as much details, examples, walk throughs, tutorial links as possible.
For tokens, no matter the hype and the multipliers it made the first thing I always check is the smart contract vulnerability using De.fi/scanner and you'll see an example of the result you'll get if you click here. But if it's BNB based token i use https://bscscan.com/verifyContract sometime. After, checking the smart contract and the danger involved the next thing I look into is the project concept, the solution it introduced, the use case, and the possible future traffic it will get in years to come. For coin, I will check the team, and their private and public support before I later look into the concept, use case, solution it introduced, and future possible traffic. I mostly use CMC and CG for coin. Like if you want to know what percentage of a token is being held for a few VC's, developers, initial investors, etc.? Or how do you monitor inflows and outflows over a period of time?
De.fi/scanner will provide you with almost the exact information. |
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I currently have 75% of my crypto on cold storage and 25% on exchange and yesterday I was thinking about when it comes to selling.
I am not thinking of selling anything just yet but maybe will start in a few months once the halving is here and the market starts to really move.
Is it a good idea to still have most of my crypto on cold storage in a few months when the market is pumping and I am wanting to sell or is it best to start moving everything to exchanges which will then make it easier to sell?
I am just thinking it will be a long process having everything on my cold storage and then seeing the market pumping then having to send everything back over to exchange I may miss the best prices to sell as it will take some time to send everything from cold wallet to exchange.
I understand it is more safe to have crypto on cold storage but is it less likely in the peak of a bull run for exchanges to fall? If so, I feel it would be better to send all of my crypto to exchange in advance to then be ready to sell everything.
This may be obvious to some but this is my first bull run and want to be ready when it comes to selling and I am just not sure what is best way of planning to sell.
Crypto exchanges are not storage they are basically for crypto trading holding your crypto in cold storage is the best decision you ever make as a crypto investor. If I were you I wouldn't touch the 75% in the cold storage footing that the cryptocurrency market will experience in the future market but seamless move of the crypto you want to sell during the bull market I will advise you to get a hardware wallet for that while you send the crypto you wanted to hold for the long term in the cold storage. |
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Bitcoin is not like other coin when they lose value that's just the end of it. The value of bitcoin is in cyclic pattern, it movement is just like a clock. Their is no need for one to panic if the price of bitcoin falls because it will definitely get back if only can hodl, it is just a matter of time . The problems people have investing bitcoin is that they do not have a proper understanding of how bitcoin works and they don't have patience to hodl bitcoin when bitcoin goes dip to recover their money with the exactly value the way bitcoin was bought.
This will always be a major problem for cryptocurrency investors who don't understand will always because most of their focus is profit making not the market works this is why we see in today's market investors chasing after the market trend to determine their investment. Another thing that makes some investors not to hodl Bitcoin is the cost of having a whole BTC is costly for some people.. |
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Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.
I believe almost when cryptocurrency enthusiasts who understand the benefit of DCA invest either daily, weekly, or monthly in Bitcoin, and as you have said it's helpful because it's the major strategy that lets you invest while you're also able to perform well in other financial expenditures. |
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The pump and dump schemes or signals are only for newbies hunting scammers, most experienced traders/users does not use them. But these experienced users sometimes got fooled by new promising project on bull run then it will be dropped by the team later on, or just scheming its investors, it's always about them on bull run, nothing new about them.
The pump and dump with the signal provider scam is not only for newbies. For the record, memecoin investors are also the prey of the pump dump scam because the meme coin market is where most whales play their pump dump game while they divert the profit into Bitcoin. |
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People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession?
Both yes and no. It is dependent upon where you now dwell. While some nations are currently experiencing a recession and others are on the verge of one, the main issue is the poor leadership style of the government, and the absurd thing is that they never stop creating new fiat money. Since large financial institutions are adopting cryptocurrencies, we should be aware that the worst economic scenario is likely to unfold ever since firms such as BlackRock, whose CEO onetime expressed disapproval of Bitcoin before subsequently praising it, are difficult to convince to change their minds. |
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Icefrag merit sent by hashuna I saw LoyceV bro post this from Merit earn from there. I gave an ID check, and from there, I saw how Merit got 50. I saw that a low-quality post was given 50 merit points. The account that gave the merit last posted on August 6, 2018, at 01:25:54 PM, then did not post again and became active on January 25, 2024, at 12:14:41 AM. The account post looks like it's a purchased account. The account has changed hands. My question is, how do I give 50 merit in this simple post? That's only through inpatient merit-selling business transactions because there's no way an account with the history you posted will get 50 merits out of thin air without something involved. Even the world most silly person will understand there's something more to it. Merit is given to those who post good quality standards, but it is seen that merit is being misused.
Yes, it is. However, it is not a must that good quality standard posts have to receive 150 or more characters. Merits are being offered to random posts that need to be noted. They are trying to grow new accounts using multiple accounts.
Maybe not. What we're seeing could only be a merit-selling transaction. |
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How is it that possible that someone can lost in Trading when he or she is making huge profit?
Crypto trading is just like gambling/real-life trading which economic inflation can impact the future price of the product you're saying. If a trader is making a profit and not extra careful, takes a profit, and also manages risk he can lose all the profit he once made in trading. This is the reason why consciousness is said not to be foolish and every day is not Christmas. |
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Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
There is still time to buy a. ticket. Bitcoin is going all-time-high and the least that people should be expecting is $100000. Bitcoin may not reach this price before halving but you should wait for some months after halving and you will be happen. Some people will be looking for bitcoin to decrease to a lower price before they will invest but bitcoin can disappoint such people after increasing more and more. Agreed. Some people seems not to understand the potential of the block halving and the replication that always happened in the 4years and they are somehow loosing hope on the possibility of Bitcoin reaching a new ATH price due to the market manipulation game that will be played by the organization in charge of spot ETF so they market some profit off the bull market. No matter the up and down trend in the market as we speak it's sure that Bitcoin will make a new ATH price. |
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Hello,
I want to get 30 USDT loan without collateral
[snip]
Security - If required I will give all my valid documents to the lender like a bank
First, no one will lend you the loan you requested no matter the purpose you want to use it for. Second, in this century that valid IDs are sold on the dark web and there's also an AI that generates ID documents that look valid. Do you expect someone to see you providing document as a proof of your honesty? Please wake up from your illusion. 1. I am willing to take very small loan and I have no collateral now. I have a govt job in India ( salary around 435 USDT per month converting my currency ). My salary date - 2nd of each month. So if I fail in forex trading I will pay you back from my salary. Don't worry. I will not run away with 30 USDT.
Maybe you don't do the math because the last time I checked 30 USDT is something in India and if you're indeed working with the government as you claimed then wait till your payday instead of requesting for loan. |
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I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.
What you said is quite the right thing for everyone to do due to the world economic situation and the government level of management is leading to recession in most countries and different economic problems. However, you advise the people to save some part of the salary and funds, and if the saving is not done in the right way it will lead to loose of the value of the fund. You ought to advise people to save funds in cryptocurrency not in fiat currency. I believe that's what you mean but some newbies will understand you and have the belief of saving in fiat. |
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Do not engage in deep conversation with stranger who is only interested asking you about your total bitcoin holding or even regularly asking you about the platform you invested.
No. Don't even engage in conversation with strangers if it's not about business specifically on Telegram which is the paradise of online scammers. 2. Do not be fooled with their sweet words where they keeps asking you to invest and make money your interest within 24hrs to gain about 100 percent of your investment. Note; this is purely scam otherwise no other investment platform or anyone to be trading and giving you back 100 percent of your capitals.
Yes, and this scam strategy comes in two ways we have the ROI, and we have the pyramid Ponzi scheme. They are all old scamming strategy and this is why I never have good feelings towards some memecoin. 3. Sets your telegram account where someone from same group can't contact you because telegram is the head of scammers, they can clone or impersonate someone you know and scam you without the knowledge of the real person.
The best thing is to know how the scammer works because they always find a way to bypass that unless you don't join some crypto telegram discussion group. |
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What could be the reason behind people having to buy old wallets and could there be any risk attached?
It's usually because of airdrops. Some projects make airdrops for active addresses. The only risk I could think of is if your address is somehow attached to your identity (maybe you linked it by signing a message or something of that nature) then that could backfire. If the purpose was airdrops then the people who buy the old cryptocurrency wallet will have the specific wallet they are going to buy. An example is the UNI airdrop which was given to all the self-custodial wallets that execute crypto swaps on Uniswap. Even if we ignore the area of identity. I think selling of old wallet is a naive decision for the seller because no one in his right mind will dare to pay a certain fund for an old crypto wallet if it isn't worth more. |
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There's a difference between a signature campaign and a shilling campaign but once a user registers for a project campaign he has no right whatsoever to say something bad against the project he's advertising or choose another provider above the same brand he is advertising if a user does that what's the purpose of the advertisement he signed up for?
Some users of this forum may say signature campaign just rents out your advertisement space in exchange for payment it's far more than that and we need to put ourselves into the shoes of brands that come to this forum for marketing.
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The other day I've found this interesting blog about someone in Europe planning to retire early by converting a fixed amount of their monthly salary into Bitcoin.
He started doing this in the bull market of 2017 and keeps doing it every month, no excuses. A specific amount, 500 euros, is always converted into Bitcoin and stored away in cold storage.
Well, this may work for him as he is saving 500 euros every month from his salary and converting to bitcoin. This is a good amount and for sure he can have an early retirement but most of us cannot put that much money into investment in Bitcoin on a monthly basis. The secret here is that if you have more money for bitcoin investment, you will get more profit and hence you can plan this early retirement. Otherwise, with less investment, it will still be good but the money won't be enough to feed you for many years. You have a point but I don't agree with you. Yes, capital is like the soul of every business. However, huge capital without proper timing and strategy could lead to disaster. The good thing about Bitcoin investment is that you may not have more money and still make more profit. Yes, you hear me right. The problem is that people harvest when they are supposed to sow. If you invest when there's a market bloodbath will get more profit than the person who invests 500Euro in the bull market, as the market is bull now I am already accumulating some capital for the bloothbath market but the majority of Bitcoiners see it as time for accumulation which is already passed. |
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Actually, I'm about to ask if someday the testnet Bitcoin will have value in the future but I think I can answer it on my own. For some reason if someone needs testnet Bitcoin and if I have some I probably can ask for an exchange or fee. In short I will not be giving it for free. It may not expensive but at least you need to pay.
The worst part is that you are probably right, some people already tried recently to sell tBTC for mainnet BTC on the forum.... If I can remember some Bitcoin newbies have been victims of accepting tBTC as payment mainnet BTC. With the institutional investors going hard on Bitcoin lately, in the future there's a chance that some people will pay for tBTC. I said in the future, I once saw a thread created on this forum where the dev need tBTC and is willing to any amount requested from the owner. |
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What will happen when only large institutions can afford to use Bitcoin's blockchain, due to rising fees? Won't this centralize the network if most can only trade bitcoin on centralized exchanges?
This won't centralize the network. It will create some level of security for the network if we look at the bright side of it, not the high transaction fee. Having said that, there are alternative means already created to fend off huge transaction fees which LN is one of them, and it will be nice to adopt the use of it. |
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