Couple of weeks ago, a friend told me about a new memecoin Gecko Inu (GEC). As at that time, the mcap was below $2.5M & I was like this could be another rugpull but as an investor, it's sometimes necessary to take some calculated risk so i invested some few $$$.
Surprisingly, the token started to trend and in less than 33 days, mcap has now surpassed $16M with prominent exchanges now listing it. My 2024 would have been sealed had it been I also took heed to invest in BRETT and BOME which have equally done massively well.
With the realization of what appeared to be dream, it looks like some new projects could be the centre of attraction in this coming bullrun as investors are looking for ways to maximize profits by being among the early birds in a particular project hence the reason you need to have some USDT kept aside to take advantage of this evolving new projects. What are your thoughts about this? Let's discuss.
Well I'm happy you made profits but let's draw a line between what is investment and gambling, memecoins are a clear gamble cause firstly they have no real world utility, mostly pump and dump ponzi schemes, only do well in the bull run, and have shady backgounds, memecoims are shit coins and there are not considerd asset cause they don't have any intrinsic value so yeah you got paid but that's a gamble, the only crypto that we should invest In is bitcoin then if you cant control it try Ethereum . |
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Irrespective of the fact that we have more of shitcoins coming from memecoins, all coins category of coins have their lesson to teach. To my best of knowledge, for meme coins it teaches a discipline to make concrete research and get to the market early. It also teaches one to focus on the market due to its high volatility. Many investors venture into meme coins because of its high volatility but in as much as that could make you rich in a split seconds( sarcasm) it can also cause you losses in that same rapid dump.
Experience and lessons are always available everywhere for those who really want to improve their individual understanding of the crypto market. Memecoins are a bit more special because they are cheap, investors can easily own millions of tokens, their purpose is just for fun and hype, so most of them don't need to have a good story, a good solution or good tokenomics, and in fact investors don't care much when buying memecoins. This has made memecoins popular and famous, creating a lot of profits and losses. But the losers had to pay for an unhappy lesson. Memecoins are gradually becoming a concern of many ecosystems, they will soon be carefully evaluated to help the investment community avoid worthless rug-pull or scam projects. I hope that in the future memecoins will not be associated with the negative things in this market. And this same reasons you pointed out i exactly why a lit of them end up as failures, they are just fun fare tokens created to do what full the space, don't get me wrong I'm not against them but I hate when things get abused which in the crypto space we see a lot of those, scammers easily use memeckims to steal funds cause they dint need any complex whitepaper and their audience are those looking for huge gains which are those that mostly invest in meme coins . The only reason why memecoin are gaining ground is cause many investors haven't gotten wisdom that bitcoin is better than all the shotcoins put together and its better to own bitcoin than invest or gamble around with memecoins. |
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What are those features?
I think some guys just got into bitcoin not long ago and end up reading one stupid random article and decided to make a topic, I don't see any feature that contradicts the main purpose of what they originally designed bitcoin to be like, maybe your referring to crypto in general thinking its bitcoin, now clear facts bitcoin is crypto but crypto isn't bitcoin, next time be specific. |
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No one wants another centralized body trying to claim our crypto or help us hold it, rather teach peopel how to safely store their bitcoin and what to do and what not to do so that they can observe security measures themselves, we have other centralized bodies doing this already besides isn't isn't the idea behind exchanges like binance and all the rest of them, you know the risk involved right your going to be a prime target for hackers and so many exchanges has already fallen from this, you know MT.GOX right, yeah they filled for Bankruptcy the first every crypto big bad news.
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@fillippone. I disagree. Losing your dominance will only let your competitors defeat you. If Grayscale does not lower their fees, these outflows will continue and give mayor Larry and grandma Cathie the advantage. However, it appears that Grayscale has lower fees on their roadmap. This presently might stop the outflows. The market where Grayscale did not have big competitors against their investment products has clearly ended.   Grayscale CEO Michael Sonnenshein said the company expects to reduce fees on its GBTC Bitcoin ETF in the months ahead. The move likely comes as GBTC continues to witness outflows while other competitors such as BlackRock and Fidelity grab massive market share from Grayscale.
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down,” Sonnenshein told CNBC in an interview on March 18. He added that fees tend to be higher during the initial stages and gradually come down as the market matures and demand for the products rises.Source https://coingape.com/gbtc-bitcoin-etf-fees-to-drop-soon-says-grayscale-ceo/If Grayscale had any intentions of reducing those gas fees they are more than capable of doing them now so why wait till market gets matured while their competitors are very ready to take advantage of any mistake they make and if Im right then gas fees is what anyone would consider when investing in Grayscale GBTC or maybe since he intends to reduce gas fees later what is the plan or reason behind the high gas fees now ? |
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Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Bitcoin is a commodity and not every one views it same way, some as a means to get quick profits others as a long term investment, and it's normal to expect selling due to FOMO from such investors cause they must have made their profits from bitcoin and the rest of I is just fear if the bull run woudl continue and no one want to allow the marker to rest on him so they have to rush to get their profits off the market which is in a way wrong to me. You also need to understand the concept of trends, bitcoin gains value due to scarcity and high demand while it reduce value when there is much supply of bitcoin which happens when people sell, right now that shouldn't be a big problem and those selling woudl be at very high risk if they are not buying back soon cause the ETF buys a portion of every available supply of bitcoin thereby promoting the momentum of this bull and moreover the halving is yet to happen and this much FOMO then what about after. |
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I'll rather get a different point from this topic, I think this should act as a motivation to many others thinking they are too late to start buying bitcoin this should be a motivation that bitcoin would far outlive many of us and we are still to early to be complaining about price, many of our generation woudl be blessed if we buy bitcoin and stkre for them even if we are no able to use it all or end up over accumulating, it's far better that way that to actually have none, apart from for our generation any one that holds bitcoin for up to 29 years whoke still in his youth and accumulating steadily maybe with up to 1k monthly DCA or weekly based on his income while his mate spend it on parties would be close to having 1 bitcoin in 3 years if he does it monthly and this is not a very bad achievement to accomplish in less than 20 years cause only God knows what bitcoin would be worth then.
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Micro strategy is pegged to the value of bitcoin and can't be greater than it, so I hardly find any reason to be investing with then over bitcoin itself, I think those that invest in MSTR are either decived into thinking its a better option cause they can't handle their portfolio themselves and make profits from it, so they buy MSTR for safety.
Self custody is the goal to me, buy your bitcoin yourself, hold it yourself, learn all that would make it a better investment and why you need to hold for long and that way the only difference between you and micro strategy would be capital to invest.
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Small capital will get equal profits if the market is bullish, and those with large capital will get bigger profits. This does depend on each person's financial capabilities, but this will not discourage someone from starting to invest, it can be done gradually to get a good accumulated purchase price. Buying with $100 when the Bitcoin price is below $20k would be a good position and then continue to gradually buy even if there is a slight increase, if this is done regularly then there will be quite a lot of profit. I started investing with under $100 and now it can reach thousands of dollars more.
I personally think there is no actual excuse anyone can give for not investing in bitcoin, especially something like its too expensive, yeah it's too expensive but you can start buying it know, you can buy small amount of bitcoin consistently for a long period of time and hat way you would end up having a large stash in bitcoin too, if companies practice this, so yeah retail investors should put more efforts in accumulating more bitcoin for a longer period of time. You can easily use the DCA strategy as a salary earner to build your stash in bitcoin and it may end up beign as big as someone who only lumped sum once into bitcoin. Let's say you are earning as much as 4k$ monthly and you decide to invest 1k into bitcoin every month , with the current price in close to 4 years you should be closing in on having a whole bitcoin, yeah it's a slow process but it sure has its long term reward. |
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If you are waiting for any of this big companies to stop buying bitcoin, just know that's not happening, micro strategy plans to hold more of the total supply of bitcoin than any one else and that the goal of most big companies, they plan to hold bitcoin and keep their value in bitcoin.
Retail investors must buckle up cause if big companies that have the power to trade bitcoin or make real short term profits from bitcoin would rather not and hold bitcoin for long then they is a reason why long term investment should be favoured above short term investment.
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Hello  One day, a few years ago now, I had ~100 bitcoins on Old Usb Key. I didn't remember having them, as I'd had them at the very beginning. This USB key was lying around in a drawer, as I imagine a lot of people have I remembered that I had a Bitcoin wallet not long ago and I tried to find my USB key, without success. This story makes me sad, because if I'd known, I'd have been more careful! Moral: be careful with your stuff, even if it's old :p Well I wonder what you thought bitcoin was that you could easily forget it for so many years and only remembering it now. Fact is that either your very rich, irresponsible stupid or just lieing, cause I believe that anyone would hardly leave his bitcoin for so many years with all the news and FOMO from bull to bull and different cash range and your mind never flashed back, well it would have been eevn better you never remembered. |
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The problem you're describing is all about greed. People who didn't buy as much bitcoin as they could back when price was in $20k-$30k range were greedy thinking price would fall down more. I remember the topics telling them (or rather fooling them) into believing price is going down as low as $15k so they waited and refused to buy.
People who do that, will also wait after price goes up to something like $40k because in their head they were calculating their profit based on $15k entry and $40k is terrible; so they wait for $15k then price goes up to $50k, $60k, $70k and keeps rising until they buy at a massive loss during a FOMO at something like $300k.
DCA is good for these people because it gets them to buy something even if they get greedy.
DCA is good for everyone cause it is the most flexible method if investing in bitcoin, with the DCA method I don't have to have huge capital to start my investment but can go by allocating a percentage of my income to buying bitcoin on a regular interval and with time I would have bought as much as someone who has bought with huge amounts then. Waiting for bitcoin price to drop to a certain level is not advisable cause thigns like that may never happen and you would end up missing out on opportunities that you wowing have bought, so it's actually better to start investing right away even if prices are high unless you plan on investing for short term which would not yeild greater results as investing I long term. |
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But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions. What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them. But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment. These are things to learn. it is good to be as aggressive as you are able to be without being overly aggressive, and if you go through the experience of setting these matters up, you should be able to learn how aggressive you are able to be, and like I mentioned so many times, you are only able to be aggressive when your finances and your psychology is in good order, and so your psychology is likely to be in better order when your finances are in good order. Sir I think someone can have a good finance but out of poor management would still have a bad psychology towards beign aggressive, its not very easy to draw the line between when your aggressive and overly aggressive when investing in such terms, let's say I've got a monthly income of 300$ and I'm still living with my parents so I don't have much monthly expenses and I round it up to 100$, let's say I use 60$ budgeted for expenses and the left 40$ as a float in case of extra, now I have decided to invest 100$ into bitcoin on a weekly basis and yeah I have to send about 60$ into emergency funds and 40$ left to building reserves, but the issue now is thigns may never go as planned and I can't go dip my hands in my emergency funds if I find out my budget went over for the week, so in situations like this I find I hard to know if I'm beign overly aggressive or not cause this has been my budget planning for the month and it normally goes smoothly leaving me my floats back and some weeks it doesn't go as planned, so yeah I'm still quite in that struggle of figuring out what I'm doing wrong or right having a clean plan like this. For sure, if you are able to measure the difference between your income and your expenses, then that amount would be your discretionary income, and surely if you are new to making those kinds of calculations, you might not have a good way to categorize your discretionary income properly, so you will make mistakes, and you should not be spending 100% of your discretionary income on bitcoin investing because if you end up making a mistake, then you are might end up going beyond your discretionary income. which surely would be categorized as overly aggressive, rather than merely being aggressive. When you are more organized and more experienced, then you will already know how aggressive you are able to be without crossing into being overly aggressive.
I guess figuring out the exacts numbers for each month or week concerning expenses is something that is bound to differ from time to time and I might well get it this month or week and the next week it doesn't work, so what I'm thinking right now would be to increase my budget for expenses and floats in such a way that I would have a 30% increase over the normal amount so that anyhow it might go I know that I am overly allocated to that side and if I have some left overs good then I can use them invest I to bitcoin. IMO it's better to invest with peace and a sence of stability than to be unsure if you have done it right, so keeping extra amounts allocated to spending might do a lot of good and would help you not to be overly aggressive since you have well feed the only reason that would have counter that decision which is when you find yourself running out of cash to fix to spend on other stuffs. |
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Basically, there only exists two types of Bitcoin investors:
Those who want to hit it big, and are doing the needful, you know them as holders
And those who use btc as a means to an end.
Clearly, posterity has shown us which is the better investment path.
Imagine buying btc when it was below 20k, and then , just how you'll bask in profits now that it's tripled, this only applies for holders, get the point?
The fullness of Bitcoin profit is only enjoyed by HODLers. This doesn't apply to shitcoin, as if you hold on to them, you'll have reason to cry
You speak a lot of nonsense. Guys can do whatever the fuck they like. Some of them are more whimpy investors (or timid in their approach) and others are more aggressive. Some have more abilities to ongoingly buy and some might not realize that they are able to do that or that it would be a good idea to do that. Some guys are also confused with the value of holding and are tempted to sell rather than to buy, so they get tempted to want to trade, even prior to their having had built up their BTC investment size.. so it can take a while to go through some of those kinds of phases, and I see no real value to denigrate guys who might be truly trying to figure our their own approach to bitcoin that is customized to their own situation. Why don't you tell us a little bit about yourself? Have you been buying bitcoin since your forum registration in mid 2022? or before that ? or after that? What was your approach, and how is it going? You are a bit new to bitcoin to be lecturing about what might be the better of approaches, unless your forum registration does not adequately demonstrate your investing experience, either with bitcoin or otherwise. He is clearly confused in what long term holding really even means, I highlighted the part that he contradicted himself by bolding it out, long term holders are not holding bitcoin just because they want to get quick profits from bitcoin and you seem to be thinking short term investment is different from trading, long term holders have a different approach or idea of profits than having a triple on their portfolio cause the only way to be really prepared for up is to have enough bitcoin, so the aim is to accumulate enough bitcoin for up to 4 years and keep on investing for up to 10 years, now that's how long g term holding really works. They don't get profits from just the bull, their profist come by the compounding effect of bitcoin which is even much more higher and gives far greater profits than simply trading or involving in short term investment, and besides it's better to have your value in bitcoin than in any fait. Your quite new here, you should take some time to ask questions and get to really know ehat we are talking about, ask questions and read through, lots of reasonable responses in the thread, if you have started your bitcoin investment for a long time now then you should already be in your second year or almost from your forum registration date, but I think think your just starting since you only made a post few weeks ago, so I'll adress you as a newbie in this matter, it's better to learn than to just talk the knowledge here might not be given to you any other place, people that do t know that they can accumulate bitcoin themselves and get huge profits go to ETFs thinking its a better way but we get this knowledge for free. |
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But investing requires some basic intelligence like planning and everyone must know his numbers quite well to invest(disposal income and expenses) cause this is actually how we would know if we can afford to invest or not, if your income is too low and can't Carter properly for your needs whether it came inconsistently or consistently you are taking a risk by investing in bitcoin and it is gambling rather than investing cause surely you can build your emergency funds and your investment is not even safe so your most likely to sell later.
Your very right about this cause I've made mistakes before not paying much attention to my numbers and investing without having a good backbone like my floats, I normally used to just allocate some cash to my emergency funds, take out my budget for expenses, add up to my reserved and all the rest but one part I failed to pay very close attention to was my expense, I would put myself in such a condition that I know I wasn't living a normal life, I don't keep money to go out why because I want to invest my floats back into bitcoin on purpose not actually doing it as I was taught, just because u felt I needed to be aggressive and allocate much to buy bitcoin but the downside was I put myself at too much pressure and it even affected my mentality for a while but I'm all good now, since yesterday I've taken time to review many decisions and I feel I need to listen more than give suggestions. What I've learnt from my own little mistake is simple, never put yourself on pressure when investing, it's not a good thing to invest in bitcoin when you k ow that your income is not enough for yourself cause if you do, it won't last and even if you decide yourself by holding on ; how long would you hold on, so it's better you do it to right way and ease yourself, the only reason I'm safe if cause I put a lot in build up my emergency funds and I'm still quite living with my parents so no much pressure I can't get help from them. But I know its not very right to depend on your parents as your emergency funds cause they could also disappoint you, so I've learnt do with what i can, although I'm done with my plans on aggressive investing now I'm all in for a more stable and controlled investment. |
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~snip~
What's your take on this? Given the period we're in is it buy time or sell time?
It depends on what type of person (investor) you are. There are those who we call day traders, and they are looking for an opportunity for profit every day, and significant price changes in a very short period of time are something positive for them. For example, if you bought 1 BTC yesterday for $60k+, you could already sell it today for almost $68k, which is more than a great profit - now imagine what kind of profits those who trade with tens or hundreds of BTC make. If you are an investor who invests for the long term, then any time is good for investment - even though investing during a bull run will not bring even close to the same profit compared to the profit that could be made if you invested during a bear market. From what you are saying the time we invest can actually affect the kind if profit we make which is true, but bitcoin is designed to get more scarce and with high demand which means one thign that the price would only continue to get higher and sure even those that bought from high price woudl get profits even if not as much as when bought from prices. It's better to approach bitcoin planning to hold for long than short term cause, short term is just like trading while long term is the real investing in bitcoin, if you want to hold bitcoin for let's say 3 months cause of the bull surely if you time I welk you would get some good profits, but if you had linger for let's say 4 years you sjoudk be expecting a 4x exponential compounding effect on that same investment which is much larger than what you got now. |
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I agree with the sentiment that if you are all about the money you will be cashing out too early most of the time. Very much that appears what people are doing now and it isnt even the wrong thing in theory however human nature is not to rebuy the same amount you sold at the lower price when we get there. However low BTC does manage to go for this quarter or this year even it will come with negative sentiment and its unlikely earlier sellers then rebuy at the perfect time.
The shape of the graph reminds me of a ball thrown, its finished its ascent and is now adjusting to gravity. This would appear a normal and fair pullback to occur but long term its probably not the place to sell especially imo.
We did break the old ATH but look at weekly bars when drawing conclusions, I dont want to argue with anyone but there is much left to prove before estimating any higher prices. Time basically, I expect more time needed.
He is not wrong when he said if you are all about the money you would be cashing out too early cause that was your purpose from the very beginning. To me it's a pity that many persons still view bitcoin as a mere profit provider for the short term and forget that it offers a lot more than that , okay if we were looking at which would be more profitable between the short term and long term you would find out that long term would be more profitable, we don't have to have that argument, it's already historically proven, those who invested when bitcoin was very cheap and actually reaping very huge returns now if they held this long and this reality would also be for a lot of us on the longer term if we are able to hold bitcoin for up to 10 years or longer. Moreover bitcoin woudl have been a better store of value than fait if it was less volatile as gold but I guess we are getting there, but the point is is many still know bitcoin as only a quick profit shiy and neglect a lot of other usages. |
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Bitcoin mining is a Poisson process. See this previous post of mine: As I stated above, bitcoin mining is a Poisson process. You can read about this here: https://en.wikipedia.org/wiki/Poisson_point_processYou can model the distribution using the equation (as given on the linked page above): P{N = n} = Λ n * e -Λ / n! If you take n to equal 0 (i.e. you won't find a block), and take lambda (Λ) to equal the number of blocks you would expect to find in a given time frame, then you can simplify that equation to P = Λ 0 * e -Λ / 0! P = 1 * e -Λ / 1 P = e -ΛTherefore, the probability of not finding a block when you would expect to find Λ blocks is equal to e -Λ. For example, the probability of not finding a block in 10 minutes, when you would ordinarily expect to find 1 block in 10 minutes, is e -1 = 36.8% Given the equation P = e -Λ, then we can take the inverse to find the probability of finding a block: 1-P = 1-e -Λ. So the probability of finding a block in 10 minutes is 1-e -1 = 63.2%. So, as I said above, the probability of finding a block in 2 minutes is therefore 1-e -0.2 = 18.1%. Given that in two hours you would expect to find 12 blocks, then the chance of not finding any blocks in two hours is 0.000614%. This works out to a chance of 1 in ~162,755. Given that we get ~52,560 blocks per year, then we would expect a delay of at least 2 hours to happen roughly once every 3 years, on average. In short, bitcoin is functioning as normal. Im really numb about this post and I think it's a very nice comment, I'm not well feed in the area of mathematics but I'm wondering how did you come up with the original equation, from the whitepaper or was it self generated, just very curious and if possible I woudl have loved to know more about mining and how it works, maybe more technical stuff, I'm hungry to know deep things about it, maybe a link to older post about mining that woudl educate me about it  |
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I think it's just politics and don't take any of these stuff seriously, I personally don't even think there should be approving any other crypto ETF, like what's the need they are all alts and should be kept that way, I seriously won't even like a flood of crypto ETFS to come and confuse investors and drag more investors that should be in bitcoin towards altcoins again, moreover if they approve Ethereum ETF what next SOL ETF then i think the approval of an ETF would be a normal thing and wouldn't even mean much again in the crypto sector.
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Personally I feel all this facts are shjt and they don't work, yeah bitcoin might show different signs to complement different outcomes but we can't well know if they would really happen, okay did bitcoin show any of these signs before going down from 72k, we can't always depend on analysis as investors,sometimes this stuff don't work and can cause you to make very bad decisions that you would regret.
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