Expecting that some people are starting to get scared about buying during the cheap prices of Bitcoin. To be honest, if I only have a lot of extra funds, this level is my buying zone.
Bottom price will be somewhere from $11,000 to $15,000 in my opinion and price under $18,000 a few days ago is a good discount enough to start accumulating Bitcoin. It's become a practice and cycle for me, even how dip the market will be and how the bear market will go or stay, we still can't guarantee it. Maybe some people are afraid because of very long waiting for their ROI which for me is normal if you are into Bitcoin, but the wait is worth it.
If one investor believes in Bitcoin and believe it will reclaim and make a new all time high in next bull run, buying in a price range from $11,000 to under $20,000 is not much different. It would be a very good discount entry and in next bull run, many new Bitcoin 'investors' will hope that they can time-traveling to buy it in this bear market. By believing, I mean truly believing based on comprehensive knowledge in Bitcoin and good experience with the market. |
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So Bitcoins have started recovering as we can see from the charts.
Yesterday Bitcoins were at 17k USD and now currently it has crossed 20k USD. It’s now at around 20,800 USD and it’s still increasing.
It's good temporarily but worst has yet come. Best or worst, good or bad, it depends on standpoint of each person. It’s not yet late to buy the Bitcoins, those have panicked and sold their Bitcoins, now it’s time again to buy it.
Don’t know whether it’s the end of the bear market or not, but still the price have given us the Bitcoin traders a great hope.
Hope soon Bitcoin recovers it’s price, and we all will end up with great profits.
What are your thoughts on this?
My thought is: - It's good for me if Bitcoin drops more to $13,000 to $15,000 or even dips to $11,000 to $12,000.
- It's best for me if it fluctuates below $15,000 for a few months. I will be very happy if it happens. Because it will have months to accumulate more Bitcoin.
As I said, it depends on standpoints. For others, if it happens, it will be terrible. I don't say they are right or wrong. They can be right with their standpoint. Bitcoin is oversold now and it's going towards bottom range. |
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Each month, there is fearful time Each six months roughly, there is extremely fearful time You can do DCA each month or each six months, depends your plan. Just prepare your capital for DCA. I very like your advice "It's better to DCA when fear is high" as it maximize positive net effects from this strategy. I introduce another site to check Fear & Greed Index. Some other things to share, HODL time and profit/ loss; and derivatives chart. We might not yet touch bottom but it is not too far. |
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Nobody can say the accurate date and time of next halving, it's all estimation. What we know is Bitcoin block reward will be halved after each of 210,000 blocks. The third (latest) halving was happened at the block #630,000. The next halving will happen at block #840,000. Now, we are at block 741,661. You can make your own estimation too. But estimation will be affected by total hashrate on the network and difficult in future. Lot of things can be changed. Assume Bitcoin network will be congested 2 weeks, the halving date & time will be delayed 2 weeks from your estimation. Personally, it is fine to assume the next halving will happen from April to June 2024. Sooner or later 1 to 2 months is not a big matter. Past halving event dates - The first halving event occurred on the 28th of November, 2012 (UTC) at block height 210,000
- The second halving event occurred on the 9th of July, 2016 (UTC) at block height 420,000
- The third halving event occurred on the 11th of May, 2020 (UTC) at block height 630,000
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You can read my topic and see the trend What trend? The trend is average age of Bitcoiners is lower and lower. It is very natural trend. Because the old people will hardly to accept new things, new technologies, etc. The younger people are more keen on adoption to new things. It is applicable for Bitcoin and cryptocurrency too. |
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No, they are different, technically.
Digital currency is somewhat lower than cryptocurrency technically. Cryptocurrency is backed by blockchain technology whilst digital currency is not.
People use another term, virtual currency too. It is commonly used by governments when they want to compromise the misleading term in order to prevent as many citizens in their nations to learn about and get access to cryptocurrency.
Because people naturally want to have something real, not virtual. They feel safer with real things, not virtual ones.
Sum up: Cryptocurrency is bigger than digital currency.
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Hardware wallet is best but you must pay money to buy it. Non-custodial software wallet is good enough if you can download it, verify it, install it and use it safely from creating wallet, backup, store your backup, and recovery. You should keep your investment in Bitcoin and cryptocurrency secretly. You (your accounts, devices, etc.) will be under less curious and potentially dangerous eyes. Don't share your portfolio anywhere. |
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In bear market, it is time to survive. The first priority for everyone. Sun will shine after the bear market ends but only if you can avoid liquidations and lose your capital in bearish period. Which is very easy to do, and the whole point of this thread: Withdraw your coins to your own wallet. Then, just wait. Worthy advice. It is never easy to control emotion, greed, fear, leverage when you are in pain. The motivation to cover and equalize your loss is big that will be cause of worse things. Your advice is very relevant. Withdraw coins from exchange to own wallet will help two things - Avoid any bad thing happens on that exchange
- Avoid uncontrollable, emotional orders from your side
It is good to avoid forced liquidations and become holders, wait for sunshine again. Additionally, it gives you time to switch off your computers and do some outdoors activities, enjoy your life. |
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There is money supply replacement theory. In one of satoshi's email, he explained why he chose the supply cap. 21M is a rough number. The exact total supply of Bitcoin is 20999999.9769 BTCFrom: Satoshi Nakamoto < satoshin@gmx.com> Date: Sun, Apr 12, 2022 at 10:44 PM To: Mike Hearn < mike@plan99.net> Hi Mike, I’m glad to answer any questions you have. If I get time, I ought to write a FAQ to supplement the paper. There is only one global chain. The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you’re interested, I can go over the ways it would cope with extreme size. By Moore’s Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions. I don’t anticipate that fees will be needed anytime soon, but if it becomes too burdensome to run a node, it is possible to run a node that only processes transactions that include a transaction fee. The owner of the node would decide the minimum fee they’ll accept. Right now, such a node would get nothing, because nobody includes a fee, but if enough nodes did that, then users would get faster acceptance if they include a fee, or slower if they don’t. The fee the market would settle on should be minimal. If a node requires a higher fee, that node would be passing up all transactions with lower fees. It could do more volume and probably make more money by processing as many paying transactions as it can. The transition is not controlled by some human in charge of the system though, just individuals reacting on their own to market forces. Eventually, most nodes may be run by specialists with multiple GPU cards. For now, it’s nice that anyone with a PC can play without worrying about what video card they have, and hopefully it’ll stay that way for a while. More computers are shipping with fairly decent GPUs these days, so maybe later we’ll transition to that. A key aspect of Bitcoin is that the security of the network grows as the size of the network and the amount of value that needs to be protected grows. The down side is that it’s vulnerable at the beginning when it’s small, although the value that could be stolen should always be smaller than the amount of effort required to steal it. If someone has other motives to prove a point, they’ll just be proving a point I already concede. My choice for the number of coins and distribution schedule was an educated guess. It was a difficult choice, because once the network is going it’s locked in and we’re stuck with it. I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that’s very hard. I ended up picking something in the middle. If Bitcoin remains a small niche, it’ll be worth less per unit than existing currencies. If you imagine it being used for some fraction of world commerce, then there’s only going to be 21 million coins for the whole world, so it would be worth much more per unit. Values are 64-bit integers with 8 decimal places, so 1 coin is represented internally as 100000000. There’s plenty of granularity if typical prices become small. For example, if 0.001 is worth 1 Euro, then it might be easier to change where the decimal point is displayed, so if you had 1 Bitcoin it’s now displayed as 1000, and 0.001 is displayed as 1.Ripple is interesting in that it’s the only other system that does something with trust besides concentrate it into a central server. Satoshi |
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home hobby miners at higher rate electric in lots of regions around the world where they cant get good deals, will switch off the moment its not practical to mine. because home hobby miners pay their bills by the week-month.
they are the ones that will switch off first. and its the home hobby miners that switch to becoming buyers. because it becomes cheaper to buy coin rather then mine it.
and without these home hobby miners competing for hashrate. the efficient asic farms with long cheap contracts get more coin per block share. and so they get to profit more
Home or small miners don't have cheap electricity and they are like speculating miners. They only can get profit in bull market but not all of them can save their profit. In bull market, they earn money (from mining) too easily and mostly will use it to trade, worse with leverage. Then they will have forced liquidations and when bear market, they have no reserve to survive, to keep mining. In opposite, real diamond-handed miners are real investors and hodlers. So what do they say with market crash and price dips? They do say it as perfect opportunity to mine more Bitcoin with same input cost. Such miners will feel very happy if price dips lower and lower, even to $12,000 or $14,000 and they will hope the price will stay here 6 months, one year or longer. Because same input cost but they can mine more Bitcoin. They do know price will rise again after capitulation ending. |
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Massive miner capitulation will be a good signal of bottom but the bear market just started. We need some months to see miner capitulation but it happens a few times with past cycles of Bitcoin bull-bear market (usually 2 bullish years, 2 bearish years, roughly). Capitulations are for all sorts of participants in Bitcoin space: miners, traders, speculators, investors. Capitulations mean Bitcoin will be exchanged from weak hands to diamond hands, weak miners to diamond miners. Even capitulation appears, there will probably be a last crash to wash out all last weak hands or a little bit soft-hand out of the market. An example is the wash-out in March 2020. It's started but has yet completed and even after miner capitulation, the market will need time to recover and start a new bull run. It happens with past cycles and it will do happen with this one too. |
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BlockFi will be the next to collapse, but it certainly won't be the last. Get your coins out of every centralized exchange and platform in existence and in to your own wallet now, before it is too late.
It is especially important and relevant with centralized lending platforms. The bear market, the collapse of Terra, Lido Finance, 3 Arrows Capital show that (but it is not strange, we all know about it) liquidations are terrible and not exclude any entity, individual or institutional. Any entity / participant in the market over leverage will be liquidated by the market. People can think (naively) that institutional investors, venture capitals are too big to be liquidated and collapsed. They are wrong because even amongst institutional investors, there are competitions and they will kill each other at right time. It is like natural selection amongst wild animals in nature. In bear market, it is time to survive. The first priority for everyone. Sun will shine after the bear market ends but only if you can avoid liquidations and lose your capital in bearish period. |
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Cryptocurrency hardware wallets can get hacked tooHow to hack a hardware wallet? from Ledger academy. Because hardware wallet requires investment to buy it so some people prioritize discount than security and choose to buy hardware wallets from secondary market, not official stores. That consequently put them into risk of buying secondary hardware wallets with 'backdoors'. For those people, it's bad because they sacrifice their initial reason to use hardware wallet, safety. Rather than buying secondary hardware wallets to save a little cost, they should use free open-source non-custodial wallets, it would be better.
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Yes you can create a self moderated topic in the gambling section, here are the exceptions, or the sections you can't moderate your own topics in: The excluded sections are Meta (except for this topic), Scam Accusations, Important Announcements, and Auctions. Tagged scammers can't use this feature.
One more board: Archival. You can not set up self-moderation for your topic in this board. In addition, I'd like to note that the Archival board is for old stuffs ~ old topics that you no longer use it, hence you will move them to Archival and probably should lock it. You can reply in topics in Archival board (I just checked it). |
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All set! Onward we march as a Wasabi gang  |
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You need to provide email address in case you create account using metamask so technically this is just a payment method since you still need to provide account details to register and also you can connect metamask to your existing account later after you register.
Thanks. I did these steps so I knew they did not support Binance Smart Chain after I connect my Metamask. Currently, they only support ERC-20 chain. |
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What do you need it for? Maybe I can help you.
It's not about using their service or customer support. I would like to ask them about partnership and token listing. Sent them an email and still waiting for their reply. Thanks for your intention to help.  |
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That's going to be kind of a hiccup because all Gunbotters are in a Telegram Community group and get updates like that. I know he conducts business there all relating to Gunbot.
Could you share me a link to their Telegram group, please. I can not find it in OP or on their website (only link to Facebook, Twitter and Youtube). |
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What are accepted payment methods on SteadyTurtle.com?
Do you accept token on Binance Smart Chain?
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Dear Blackjack.fun team and the manager,
I'd like to inform you that I will leave the campaign since today. I thank you all for your work and payment to me. Best wishes to Blackjack.fun team and the manager. See you all around the forum.
Good luck to all Blackjack gang members.
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