IMO, there's nothing special about the price when it is increasing to 1 million which is impossible to happen. It might be when the Bitcoin price increases by $400k people already selling it and they don't hold much for that amount.
Most commonly, people will sell their Bitcoin just to buy expensive assets, like their dream car or build an elegant house or let's say, luxury stuff. So no one will hold their Bitcoin for a long period of time and reach that 1 million amount per Bitcoin, it's usually they will sell it when there's a small profit.
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1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
The most important of all is this. In trading, we shouldn't only look after the profit, sometimes we encounter failures and experience losses that should we learn in the future not to happen again. Trading isn't all about gaining profit, it's also about gaining knowledge, so losses are a part of it in order to learn from those mistakes. So don't forget stop-loss as always be in your plan.
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after clicking on the PAY button on the Binance profile, then you will see SEND and you follow the Op instructions to complete the transaction. Look at the image. That is the pay button then after clicking it you will see this again. That's not a pay button but a P2P button even I click the P2P button it just direct me to P2P page without the Binance pay. Maybe your accounts are restricted that is why you see Binance pay? Weird I don't see any pay button you mean if it's p2p it didn't also redirect me on that page. It could be a bug on Op's side, isn't it? I tend to agree with you, I tried it now, I quickly opened my Binance app account and I didn't experience what Op said. I think I may suggest reinstalling the app, it could be that time it's a technical error on his side. But for security reasons many people like to use the ID.
It's already on our profile, it's Anonymous.
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There's a reason why he remained hidden all this years.
IMO, that is the reason we should respect and stop digging into his/their identity, Satoshi chose this way to be anonymous for a good reason. It remains unknown to this day, and there's no conclusive evidence linking Satoshi to Hal Finney. But I think they are generally regarded as separate individuals who collaborated on the early development of Bitcoin. For those who are claiming that they're Satoshi without any solid proof of their claim, I must rather believe with Hal Finney that close to Satoshi than them.
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I've learned Binance P2P trading by watching a YouTube tutorial based on my local, in which you definitely understand the full details. Because you're using your local currency and which e-wallet or online bank you use.
All links are provided above and I think you can do it yourself now and follow my suggestion. If you aren't sure or if it's your first time in Binance trading P2P, I suggest using a small amount for testing.
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Holding and Trading are different, better the market understanding better will be the profiting and lower will be the risk. When the focus is holding, the focus should be long term profit. When we think about trading it is possible to make short term profits, but the risk used to be higher than holding as the profit is generated out of the difference in buying and selling in the volatile market. Rather than keeping funds idle for long term it is good to make it use into trading and increase the holding volume. There is risk, over time we'll have better learning about the market and the same can help with profiting.
I'd say, that both trading and holding aren't meant for everyone. Why? Because if you know trading and can do technical and fundamental analysis then go for trading but if you have zero knowledge in trading or skills, it could be holding would be your great option. Yeah, both have risks but they have different result of outcome, while holding, you can control the risk and trading aren't. IMO, I'd rather hold for a long term and wait for a perfect time than risking it that possibly losing all your money.
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Most importantly, avoid clicking unknown links.
That's the most important and always verify what you click. Actually, there are too many of them, a kind of cyber attack that we should know and even here in the forum that still happened. The same case in the Electrum hack attack, called pop-up scam, it's involves deceptive pop-up windows on websites or app, often claiming that the user's computer is infected or need to update to a higher version in order to proceed with the transaction which is the result in downloading malicious software. In my country, this smishing scam attempt is very common, yesterday I received a text message that my bank account was compromised, but while reading the text message I knew it was a scam attempt because I don't have an account on the bank that the text said.
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DCA is actually good but I think you shouldn't forget the downside of it. It could be DCA may result in higher cumulative transaction costs over time compared to a big sum investment in a time.
This is really good for a long-term accumulation of Bitcoin, DCA can be an effective way to accumulate Bitcoin over several years. But if you think in a short period of time, forget the DCA option. Because when we say a low-income earner, it should be always a priority in our daily/necessary needs, and only invest what we can afford.
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In these cases, you could find yourself in trouble even on a deleted post.
I tend to agree with you and that's why sometimes we think to let it be if you know your posts aren't spamming, trolling, posting malware links, or in short, not against the forum rules then you are fine especially, plagiarism which has a worse penalty. Remember those staff before hitting the post button. So there's no harm in your account aside from dropping activity if you delete too much in your post.
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I tend to agree with the comment there, it's a wrong comparison of an apple. We've also an interesting topic here regarding Bitcoin halving not only on Reddit. Besides, there are too many articles now that you can read regarding halving and it's explained well. ( example) The price was expected to grow after halving but still, there's no accurate time frame when it will happen. Based on previous results, it occurs 6 months to one year because the all-time high will come.
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..so what action actually makes it to increase or reduce in price, is it the marketers, miners or who does that? Is there any technical reason behind that actually?
Actually, there are too many factors to consider that make the Bitcoin price so volatile. It could be this, - supply and demand in the open market
- buyers, sellers, market makers, and speculators
- miner
- market events and media coverage like news
So in short, just because of the fixed supply of Bitcoin, the price is so volatile. This is why the price can go up when there's more buying pressure and down when there's more selling pressure, even though the total supply remains constant. Correlation between buying and selling of bitcoin: Is it a technical methodology No, it isn't, IMO, it's more on fundamental concepts than technical methodology.
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I would say hype is one of the biggest reasons, FOMO could be another name for it as well.
I tend to agree with this, FOMO and hype would be the main reasons why newbie traders suffer from massive losses. When they heard it just because of the trend, they rushed to buy a hype crypto which could be a result of poor entry trading point. IMO, the best weapons in trading while you are a newbie in the trading world are trading plan and the stop-loss. Both are useful strategies if you are an unskilled trader.
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Just out of curiosity, is there any member in a similar situation who has ever managed to recover his account and get unbanned?
I remember there is, but in a different case, and luckily it wasn't banned even though the account posted a scam website until the account was recovered quickly. It's also come from our country but I forgot the name. This case seems worse because the hacker posted malware links which is a bannable offense. I'm just curious how the hacker obtained the OP's details and logged into his account. I've been here in the forum for many years and never changed my password from the start because I know I'm using a safe device. So now, to prevent incidents like this, it's important to know what's the reason for getting hacked or getting your account compromised. Mate @harizen, I hope for a fast recovery of your account. I think you have a high chance of recovering it.
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Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
Take note they're wealthy men. So invest what you can afford. If you have an amount that you can afford to wait to make a profit why not you were afraid? People who understand the Bitcoin concept will surely not hesitate to invest in Bitcoin since they know how much potential it has and people you mentioned above they know it.
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As they said, it will depend upon us how we're willing to learn in trading because there are some traders to spend several months to years learning and practicing before consistently making profits. Some traders might become profitable in a few months and could be others may take several years, it's not the same as we may experience. So, it possibly largely depends on how quickly someone grasps trading concepts and develops their skills.
There's no shortcut to learning trading and I think it isn't a good idea if you are in a hurry. Based on my own experience, it took several years before I stepped into trading but it doesn't mean I consistently earn profit. Sometimes we need to face losses to gain experience, the truth is, trading doesn't mean always making a profit.
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Their is something I want to ask, what does how much bitcoin theymos and the head administrators has have to do with bitcointalk.org forum, knowing the amount of Bitcoin in possession of administrators is not time wasted, because even though you know it will not implies anything, what I don't know is how forum the is being managed and if their is a necessary charge being subscribed by theymos every month or every year, its what I don't know, so I'm using this opportunity to ask if this forum do pay a monthly or an annual tax to any arm's of government. And those bitcoin that op mentioned I know that it was achieved or gotten from donations and what is it for?
AFAIK, that fund will be used on the forum to maintain domain cost, staff costs, and their salary. I didn't hear about the annual tax or any tax payment, which I think is unnecessary since the forum is decentralized. Have you ever heard that signature campaign participants paid taxes through their signature campaign earnings? I think that scenario is the same. IMO this thread isn't accurate and isn't necessary. They can hide their assets and create a new wallet as their cold storage. We can't really measure how really much Bitcoin they have.
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Bitcoin is currently entering Q4, which is the last quarter of 2023. the crypto market is filled with speculations and predictions, with the main focus on Bitcoin price.
I tend to agree, there are a lot of predictions right now. Just recently researched the Bitcoin price predictions and seems all of them have different results upon speculating the market. Usually, at the end of Q4 Bitcoin price will always have a spike which I think will happen again. But I don't know if this October will even reach the $30k price which I think will happen in November and continue climbing up until Q4 ends.
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Fraudsters always waiting for their next victim and they are always there when there's a trend. As long as you know this, "Not your key, not your coin". You are totally safe from them, especially if you don't store your assets in the long term in any centralized platform that you don't have control over your fund.
You can use centralized exchange when you need to convert your crypto to fiat, but not keep it there in the long term or for storing value. Most of all, stay away from shitcoins like memecoin.
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Just always monitor the Ethereum Gas Tracker for the gas fees. For now, it's reasonable fees compared to last year which is the network is congested. If you feel that your token is worth it to keep and it has the potential to grow in the market, just keep it, and any time the gas fee will cool down the same as today. Ethereum has been proven that it's a good investment, aside from the purpose of gas fee it could be also your good investment.
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With your random decision which you considered based on luck might work in short-term trading but it doesn't mean that this is a sustainable long-term strategy. Which is in the long run, trading success is typically based on skill, strategy, and analysis rather than luck.
That's why traders use different strategies in trading and behind those strategies they don't forget to have stop-loss orders to minimize losses. So if you are trading for the purpose of a short-term period, it doesn't guarantee success over an extended period or let's say long term. If you luck knowledge, go for long-term trading and do DCA way.
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