Bitcoin Forum
June 24, 2024, 09:39:18 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 268 »
261  Economy / Gambling / Re: My betting strategies on: May 30, 2024, 07:03:58 AM
We have to make use of whichever strategies we think could best serve for us, this is not what we can just use without having an understanding of how it works and how we could best make the applicable use of it, some have grown up their personal gambling strategies, also, some of our strategies works more effectively depending on the game and how we are being able to make use of it while some may not even achieve the required expectation for using them.

I believe no planning or strategy works. At the end of the day, it’s just basically a game of luck. So if your luck is not good, no matter what master strategy you follow, you will only face losses. If it were so easy to win casino games through strategies or methods, then everyone would have been selling these only. I don’t believe in any strategy, and neither should a newbie. Going on YouTube and seeing streamers win big, many newbies try their strategies by risking huge amounts in gambling in the casinos. These newbies need to be aware of this and need to gamble completely on their luck.
This mindset of yours has already condemned you in gambling and I will not be surprised if you lose regularly, because you never think positively but negatively. If you must know even if you will not admit it, I am a testimony to gambling regular winnings, so I can counter you with all sense of positivity that gamblers can win and stay positive. Despite that luck is important as well, it does not solely rely on that. This is why I like to move to the well-known fact that there are classes in gambling, we have casinos and sports betting. Generalizing for the two like you did is so unfair. In casinos, agreed, one can lose in the end as the house has control over it, and once they set their difficulty internally, it becomes a problem. This means that one can race perfectly against the algorithms you never know how it was coded and that can be tweaked in a certain way, so luck is important here and I say the person will have to be so lucky to be winning consistently in the casino.

But for sports betting, I tell you that you are not accurate about it, the skills and smartness of the gambler are very crucial here, and even as luck is important, you can still manage your gambling portfolio rightly in such a way that will limit the importance of luck in it. Needless to say, as this thread is concerned, it is all about sports betting which is why I believe the OP shared his trading strategy which I also know of to be working. If this strategy is used well, I am sure that cheap success is possible, but with the right combinations in betting and proper management.
262  Bitcoin / Bitcoin Discussion / Re: Can small countries in accepting bitcoin as legal transaction? on: May 29, 2024, 08:18:36 PM
we know to be the first country in the world to officially accept Bitcoin as legal tender. This was followed by the President of El Salvador, Nayib Bukele, who announced that the government would start buying 1 BTC per day on November 16 2022, but can other small countries follow in El Salvador's footsteps and what are the country's challenges in this regard? This might be a very interesting discussion to see that so many people from small countries are interested in cryptocurrency, more specifically Bitcoin
I have not seen any country apart from El Salvador that accepts Bitcoin as a legal tender, and I believe that other countries are trying to be more reasonable about it. Fine, any country may conclude to invest in an asset, it is a different ballgame, but agreeing that it becomes a legal tender goes way more. There are factors that will be considered, especially the informal nature of Bitcoin, its decentralization and the privacy tendency that could aid anonymity in a way.

This calls for strict and serious regulation even if they accept it to be their legal tender, but how many countries have the capacity to regulate a decentralised asset like Bitcoin? This is why I believe countries are avoiding it as the risk could have outweighed the benefits in terms of security, lack of control, money laundry tendency that could aid enough illegality, and the risk of its high volatility that could make it unreliable at times.
263  Economy / Trading Discussion / Re: Explain crypto options to me on: May 29, 2024, 08:03:16 PM
So I was learning a little about the "world's largest crypto options, and futures exchange" how they call themselves, and even speed-read their tutorial about options.
Options trading is not a new name in the world of the financial market, however, these days, they've added cryptocurrency to it, but the options trading I've seen with crypto exchanges and gambling sites are deviations from the traditional ways, which makes it more difficult for people as they've wired it in the favour of the house/exchanges and have increased the difficulties of what was initially difficult to predict (more issue).

Now, the main options trading was planned in a way where you choose the direction a market will follow at a certain time. If you choose a buy, you Call and if you choose a sell, you Put. Those are the terms, but mind you, you are also betting against the time which makes it more difficult than trading that you are just trading without the stress of the duration expiry. Take for instance, Bitcoin is at $70,000 and you choose a Call option for 1 hour. After 1 hour of the bet, if Bitcoin's price is above $70,000, you win the bet, but if it is below that level, you lose the bet. That is the principle, and it is as simple as that until they are making it more difficult.

Quote
I do understand the basics of options trading, but there is one thing I still don't understand: why options?
"limited risk" can't be the main reason to trade options. I get that stop losses aren't the most secure guarantee that your risk is limited, but they do work in most cases.
for "leverage" you don't need options either.
Oh, I never knew you knew the basics, I wouldn't have wasted my time explaining as above. Regardless, this is not a kind of trading like the regular one, it is more of a betting that links trading with time, you are trying to get the two (right direction and within a correct period) predicted accurately.

For this, it is better called Option trading than mere trading since it gives you the option of time in addition and not only the Call and Put (direction) option as in mere trading.

Quote
what is the main advantage of trading options? or would it be the main use case?
someone experienced with them could give me a hint?
If you like betting, you will like option trading, although it is a lot easier and more reasonable than gambling in casinos. Once you know how to speculate well and use your instincts, you have a better chance of success. It is also a better chance to multiply your money pretty fast than trading in which you will have to be very patient for the trade to be positive. You can have that winning within seconds on some options trading platforms.
264  Other / Meta / Re: Bitcoin pizza is it an anniversary? on: May 29, 2024, 04:34:55 PM
I want to ask Bitcoin pizza day is it an anniversary? Like Bitcoin anniversary or Bitcoin day.
Well, people may say this is not an anniversary because it is not official, nevertheless, they celebrate it yearly, so what is that?

For me, Pizza Day is now symbolic of Bitcoin because it is a monumental event that flashes back to May 22, 2010. This is the day that Laszlo Hanyecz bought 2 large Pizzas with his 10,000 Bitcoins.

This is the first-ever transaction performed with Bitcoin, so the day is special and it has become a day to celebrate by all Bitcoin lovers, and invariably an anniversary because May 22 is happening every year, so it is now annually celebrated.

If at all no one celebrates this day elsewhere, we users on the Bitcointalk forum celebrate it in one way or another. As part of this celebration, a Pizza contest is often announced to celebrate it by giving out monetary gifts to the winners.
265  Economy / Trading Discussion / Re: Is it possible stable coins could have their own bank? on: May 29, 2024, 04:17:20 PM
Is it possible stable coins could have their own bank since they are backed by a country's currency like the U.S Dollar which they use to maintain a stable value?

Or also, knowing that stablecoins are different from cryptoassets which do not have assets as backings and are more volatile, will in the future, the success of stablecoins not call for something like a bank or a recognized office building built to show legalization and acceptance as a means of payments for transactions and services?
Why not? The world is getting more digital and with the acceptance of cryptocurrency in many climes, there is no way some banks will not be transacting in the USDT and it will be easier for them if their country is such that is crypto-friendly. But this will be cryptocurrency banks because there are wide distinctions between the USD and USDT, and I can't possibly think that any central bank would want to mix that up. First, it is the USD that can back the USDT and not the other way around. Also, the fact that the central bank can not oversight and control the USDT, they will not be able to allow the regular commercial banks to get involved in such.

However, special crypto banks will be doing that, and I believe it is already happening with the current ones, though I have never used them before to know their mode of operation. Nevertheless, for a bank in China to involve itself with illegal underground USDT operations in a country that frowns so much on cryptocurrency means that even the commercial banks that are dealing with fiats will still try it despite knowing that it will never gain the support of the central bank.

Link: https://www.theblock.co/post/294777/china-busts-1-9-billion-underground-banking-operation-using-usdt
266  Other / Meta / Re: Merit sources can join casino campaigns, it's a choice on: May 29, 2024, 03:16:33 PM
Don't worry yourself so much my friend, I believe the natural campaign economics of the forum is now pushing the merit sources to what they were avoiding initially due to the scarcity of alternatives.Grin Many of them are now in the gambling campaigns because they do not have a choice, they need the money, which is natural, because you can only prove boss when you have a choice.

Many that you could have thought had a choice are now in the gambling campaigns, but the merit distribution in that section of the forum is still very poor. This could only mean one thing, they just have some kind of reservation/resentment towards the gambling sections, but who cares?

Let them do whatever they want to do, the forum continues to breathe.
267  Economy / Speculation / Re: Will BTC hit 1M ? on: May 29, 2024, 03:01:32 PM
As said before, you need to understand the economics. When a commodity supply is less and the demand to accumulate the commodity is high, the price goes up for that particular commodity in order to meet the demand. Just a classic example of supply and demand. Similar things happen with Bitcoins also. Hence, the price can definitely go till 1M if the demand to accumulate the coin keeps on increasing day by day.
There is always a possibility that this could happen, and you are right. That is a normal thing, because if there is an increase in demand, then the price will increase significantly, which will adjust to that demand. Likewise with what Bitcoin will experience, if demand continues and supply is always running low, then it is inevitable that the price will automatically increase, so reaching $1M could happen, but not in the near future.
There must be good news that can trigger an increase in the price of bitcoin, as happened last time when the Bitcoin ETF was launched and the Halving occurred, making many people think that the price of bitcoin would soar high and in fact the whales granted their wish. To reach the price of $1M will certainly not be as easy as we imagine, the whales have to burn a lot of money.
It is certain that any good news will trigger the movement of Bitcoin, as you say. As the the last is ETF's influence, and it is not impossible ETF Ethereum if it will happen, will also give back encouragement. I think the Whale did not affect it rose yesterday but indeed the trade was quite high, because of the influence of the ETF. I also think things that are not easy to reach $ 1M in the near future for Bitcoin can achieve it. It takes will take several times to halving Bitcoin again.
Well, whether good news or events will trigger Bitcoin or not, the $1m worth is too inflationary, I do not think this will ever happen. It will even further show the unseriousness of Bitcoin and cause more laughter on the cryptocurrency. Many of you might be looking at the value alone and what it can do for you but this value may not be a reasonable worth in the end. This may even be a reason why the government will now focus their beam on it again and find the means to compress it just like Gold in order to curb some excesses.

Have you ever wondered why Bitcoin is close to $70,000 with a market cap of almost $1.4T, while Gold is at around $2345 with a market capitalization of almost $16T, which is more than 10 times greater than the market capitalization of Bitcoin? The reason is what I mentioned, it is a compressed commodity asset and it happened because the government planned it well from the beginning so that it would not cause inflation and too-high economic disparity.

But who planned Bitcoin to be cautious this way? No one. People are just interested in the money to be made from it. Regardless, I do not think it can bless people to the point that 1BTC will now be worth $1m, at least, not in the next 10 decades.
268  Economy / Speculation / Re: After the dip in crypto, when are we expecting ath? on: May 29, 2024, 02:45:54 PM
With the information I gathered about cryptocurrency, I had interest and decided to buy some coins.
Being fully aware of the volatility of these coins, I was patient and did not panic as their were various degrees of ups and down and was told that this year is the best time to invest in crytocurrency due to the bitcoin halving which has taken place. I have been watching my coins dropping everyday in value thereby inducing fear in me as the value of what I invested has been on the continuous decline.
I do not know how soon they will begin to rise again.
You have to be patient my friend, even if Bitcoin will not perform as hugely as people expect, I am certain that it will still edge towards a profitable investment for you. This is why you have to learn and have a full understanding of what you are committing your money to. Every investment is a risk and you should never invest more than what you can afford to lose regardless of how promising that asset is. This includes Bitcoin as it will always have its ups and downs moments since there is no asset that can be moving up in a straight slope, this is why they say the market is dynamic, you can't always accurately predict it.

But one thing you forgot to mention is the price at which you struck the asset, it would have helped me to guide you better. Above all, if you buy Bitcoin at a high price, do not think you will gain much since your risk is even higher than those investors who struck it at a low price. Such like you should also be so proactive and speculative about this so that you liquidate your position when a confirmed bearish mode is activated.

Lastly, my advice for you is to go and learn more about trading and investment and not rely on what you hear or what people dictate to you.
269  Economy / Economics / Re: How to improve your condition? on: May 29, 2024, 02:26:47 PM
Well, every other person seems to be saying that it is your fault that you are poor, improve your condition yourself, but no one tells you how to improve your condition when you are living in a country where there are places where you have to pay tax on even breathing. How to improve? How to make money? How to get rich in a rising inflation?
This issue of poverty is very large, many would say that you are the reason for being poor, well, this is true in many cases, but in some cases too, it is false. This is why I like to say that" we are equally made but not equally talented, and we are equally made but are not equally exposed." Some people are just the victims of their locality, the environment is too remote and primitive, there is no access to education and motivation, they are just living their lives like the people of old. If that is how you were born and what you ever know, that is what will ever stick to your head. And even if you had the time to go to the urban areas, you would go and leave because all your life has ever been like that, that is what you and what everyone around you are used to. As for these people, they may never break forth, except for some exceptional people among them and if the government help them through education and creative thinking, to know that life is beyond this circle. Religion is also a setback in some climes.

Also, we are talented differently, and there is a zeal difference, for this, there are people that would be born in the best places with the best accesses, but yet, they will not be able to use those benefits well due to the lack of zeal or they are not just talented/creative. Despite that, others will still find the means to learn talents if they are not born with them. This is why I said from the beginning that some should be blame and others should not. These kinds of cases have to be treated individually to ascertain who is to blame.
270  Local / Nigeria (Naija) / Re: Have you seen where Bitcoin is used to make donations in fundraising? on: May 29, 2024, 02:11:11 PM
You've spoken well like someone who means well for Bitcoin. But let me start by saying that Bitcoin has its issues even as it has its own advantages, and yes, it is being used for donations and fundraising, except that Bitcoin is digital, so introducing it in a traditional donation will only cost the person money because many donors/philanthropist may not even know Bitcoin, while others that know it may not have access to it not to mention of giving you the money in Bitcoin.

Fine, if the person planned it in such a way that Bitcoin is an alternative here, then it is a very good way to go about it. But the person should also know that it is the risk he is taking. You can imagine if people donated $100,000 worth of Bitcoin to you, and in the next 30 days, due to the sharp drop in the price of Bitcoin, the worth now moves to $89,500, for example, it is surely a disadvantage. This could be in the favour of the person as well if Bitcoin rises, but an asset that is fluctuating that much is risky for a serious donation.

Regardless, many online fundraising channels are now accepting Bitcoin and other cryptocurrencies, but I know that patronage can't be much when more stable fiat is still accessible. However, if it is online and the person has a reasonable converting means as soon as the Bitcoin is received, I think it is a very good option, especially if it is a global donation, so as to give people wider freedom and accessibility to choose their payment system and for the donation to be seamless.

But still, making Bitcoin an option while there are other active means to receive the donation is the best way out.
271  Bitcoin / Bitcoin Discussion / Re: The difference between gamblers and real Bitcoin investors? on: May 29, 2024, 08:17:26 AM
If you ask me, what is the hardest job? Then perhaps my answer will be the investment profession. It is a truly unique and harsh profession compared to other professions. Especially with Bitcoin and a volatile market like cryptocurrency.
If this is true with you, then it shows that you have not tried many other jobs, if that (job) is appropriate in this context because many will even argue to you that investment is not a job. Even if it is a job to some people, it is certainly not a job to many others, it all depends on how you do it and take/view/use it. Regardless, do not forget that there is Trading and Investment, if you can call investment the hardest job, what about trading that is way more harder than it? Needless to say, there are many other jobs out there that are more difficult and tasking than both trading and investment. Perhaps, you wanted to state that investment is risky. And indeed, that is best describing it.

Quote
-snip-
Restless and waiting are two opposite things, and are also what help us distinguish between a true Bitcoin investor and a gambler.
There is no job/task without its issues, notwithstanding, without mincing words or causing controversies, the distinction between a true investor and a gambler is that the true investor fully understands what he is doing and does it according to the plan, but gamblers will always deviate from the plan, and this is particularly caused by emotions and some unforeseen factors, but are all psychological.
272  Alternate cryptocurrencies / Altcoin Discussion / Re: How are your meme bags doing? on: May 29, 2024, 08:03:58 AM
It's no secret that memecoins kick-started the previous bull cycle, and I think we're seeing it happen again right now. Memes like PEPE (which recently smashed its all-time high), WIF, FLOKI, PENG, MAGA, and others have shown significant signs lately. I've also added some new memes to my portfolio, like Dogemob.

I got in around a $5 million market cap. It has an active community, multiple CEX listings (https://x.com/DogeMobOfficial/status/1795072217903968742?t=mKajWRG0JywqTGhum7fm-g&s=19), and lots more. I think it's looking green for meme enthusiasts like myself. What do you all think?
That's nice, and by now, you should be called meme master...lol Memes have been so spectacular since the first one was introduced and I do not think they are ready to go any time soon. Like I told a user a while ago, he should perish the idea that meme coins in the cryptocurrency industry will die or disappear, it has come to stay and that is the final. It is a very strong section in the cryptocurrency industry and recently, I've noticed that the sections that are better performing are Defi and Memes and I think they are for obvious reasons.

People seem to prefer them because memes are often reliable when it comes to multiplying the investment of the investor when many other coins/tokens are sluggishly moving. While the Defi is an objective project that has good future prospects. I see it continuing like this and also an eye-opener in the next bull run when they've retraced already.

But for your Dogemob, I can only tell you to be careful. This is where some people are being scammed or fall victim to crypto projects that will not perform much. Mind you, a $5m market cap is so little, I don't even know why you are excited about that.
273  Economy / Trading Discussion / Re: Why trading and not something else? on: May 29, 2024, 07:48:53 AM
snipped...
well, however, these two things are what interest us all, especially the profit part. In fact, when I studied crypto, we naturally entered the world of trading. Therefore, sooner or later, people who study crypto will see the potential that can be gained from trading. This doesn't just happen to crypto, but also to other investments. After all, all this happens because of "interest" which has the goal of generating "profit". So, that's why people are interested in trading.
Well, in my opinion, what @Kelvinid wrote regarding the "Interest and Profit" as the reasons why people are trading is not so true. The one and only reason why people trade is to make money from it (Profit) and nothing more, except you allow people to deceive you. Trading is not a game or something similar to games like betting, so why have a mere interest in a thing like that if not for the money? Fine, our interest could be in the financial market, but reading about it and getting the updated information like other sectors we love without investing in it would have been the end of it, not how it is in such a way that we will now invest our money just because of the interest we have in it. Let me remind you, that trading is risky, meaning that we can either gain our money or lose it, so when it is of interest only, why are people investing an insane amount of money into it? Besides, to date, I have never seen a single person, whether online or offline that categorically states that he is trading for the interest he has in it, but for the money, which is so feasible.
Well, my statement is right but can be wrong in some other ways or based in your opinion and trading experience. But what makes people become interested in trading is the money that can possibly get from doing this. Just like you gambling, what makes you interested in this is the winning prize as well. We surely know that money is so powerful, it can influence someone and much of our minds when we think we can get something big from trading and becoming rich. That is actually what the majority are thinking especially newbies. It is the profit that leads people to become interested in trading or else, nobody takes this option.
With this current rewrite, you are very correct, but it is unlike the last one you separated the Profit and Interest. Besides, I am just saying that based on experience and wide searches over time regarding the subject matter, regardless, no one is perfect. Also, with my understanding of forums, they are the places to have some communications, corrections, agreements and disagreements if need be, but in the end, we all learn one or two things, that's the gist.

Now, back to it, both the trading and gambling you mentioned are so similar but we can't use them as sole examples because they are not just the same thing, the modality of their operation and the susceptibility of them toying with our psychology vary. It is aggravated in gambling simply because people can gamble for fun (Interest), but can you trade for fun? That will be senseless. This is why the context of Profit and Interest separation is even better fitting in gambling than in trading. But in trading, the two have to be looped together because anyone trading can only have an Interest in it only for one purpose, which is Profit making. But in gambling, you can have an Interest in it either for the fun or the Profit (winning).

All the best!
274  Economy / Exchanges / Re: NoOnes P2P exchange on: May 28, 2024, 04:48:26 PM
I am happy about this, but this is not because I do not have many options for my P2P exchange but the way my country's government is threatening the P2P initiative and blaming the woes of the national currency on it. Can you imagine? For this, it is good for me to have the knowledge of as many as possible P2P services should in case they start their charade again trying to blame something else for their failure. I hope they do not push us too much to the point that we get angry.

As for NoOnes, it will not be long before they start asking for the KYC upon registration, they are still looking for customers in my opinion. Also, one thing I do not like about the kind like NoOnes is that they have too many charges. This is unlike the exchanges' P2P which would be done without charging you extra fees.
275  Economy / Service Discussion / Re: Im looking for passive ways to earn yield daily weekly ? on: May 28, 2024, 04:27:52 PM
Daily /weekly ?
What Are the risks and rewards what about NEXO it's safe enough to stake or earn yields there ?
any good places for usdt and usdc to earn what are the roi daily weekly ?
In otherwords Im looking ways to put my money on work.
If you really want to put your money to work these days, you should either trade/invest in cryptocurrency and other assets or do a viable business with your money to earn the passive income you desire. If it comes to staking and others, I do not have so much interest in them. Aside from the fact that they earn you a small amount of interest, they will still force you to hold your money in a centralised system or custodial approach.

Like the NEXO, I can see that they are advertising 16% interest but I do not know how far it's true because it may still be subjected to an additional condition. For me, I maintain like before that instead for me to invest my coin to get less than 20%, I would rather deal with the fiat establishments as they can still offer me 20% interest per annum.

Well, the choice is yours, but don't forget that anyone you want to opt for should thoroughly be learned to avoid issues. But if I were you during this bullish season, I would look for a good altcoin to invest the money, or even diversify my portfolio with it. And if done well in the next year and some months, you could have had more than 500% profits then which is a good bargain.
276  Economy / Service Discussion / Re: List Of The Longest Forum Signature Campaign Above 100wk That Left/Still Active on: May 28, 2024, 03:44:17 PM
Thank you so much for this, once in a while, we should have this kind of list for us to have the throwback and also to know our standing when it comes to storytelling as part of the experience we've had in the forum so far. This was how I knew that I did not have so much experience yet compared to some people who had spent longer years than me because, among the list of the longest Bitcoin Signature Campaigns that left the forum, I don't think I witnessed more than 5 of them.

Although I might have met them when I newly joined the forum, but I was still building my profile, so I couldn't have known them since I never paid attention to the service section of the forum at the time.

From what I could see with the active campaigns that are more than 100 weeks, they are all casino campaigns, which is more reason why users should respect casinos here, they've stayed during thin and thick times. This is unlike how some so-called reputable users made the whole episode look a while ago when they were intoxicated with m!xers opportunities and others.

I think it is getting even now when those who talked down on casinos and their campaigns are now campaigning for them. That's human beings for you, we can be very fake.
277  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 28, 2024, 02:09:30 PM
Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify.

I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market.
Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance.
I don't get you, are you referring to a trader or an investor? These two may be similar but they are not the same thing, and on reading further on what the user you replied to stated, I discovered that using trader in that context is not appropriate, it should have been an investor. DCA is never in trading unless the trader is only forcing it with a similar idea that I know may eventually not be used accurately as though one is investing. It is actually a term of an equal proportionate investment used to average the risk in investments. And of course, this is good but nothing is without its challenges if it is not done properly. Any new investors should make sure that they understand the investment very well before dabbling into it, and also the risk and how to curb issues with management and other plans.

With this, I am certain that a few mistakes attached to investment will be avoided. However, the DCA approach is not so difficult to apply to investments, this is unless the investor is not just serious or do not understanding it buy just forcing it. Again, when an investor is still facing financial challenges like you stated above, then the investor is not still ready for an investments, because he will be using the money he can't afford to lose to invest which is against the rule of investment. For this, he might lack focus or get emotional at a point which is not advisable. But the moment such an investor is ready, his mind must be out of that money so that the investment plan can be carried out rightly. For proper accountablity, the money can also be saved somewhere for effective injection into the market as and when due according to the kind of DCA approach he opts for.
278  Bitcoin / Bitcoin Discussion / Re: Do you trust bitcoin holders? on: May 28, 2024, 01:52:04 PM
not everyone can be trusted, there are many people who only talk as if they are true, but when you look at them, they all lie, it's the truth, but I'm sure there are people who hold bitcoins who can be trusted, for example, my friend holds bitcoins until now and hasn't let go, it depends on the person, not everyone can be like that.
You also don't have to believe everything other people say before checking the truth, but it also doesn't matter if you personally want to believe what other people have kept for a long time. Because when you say that not everyone can be trusted, you already know where to judge that person from if you already know him well, but if you don't know him better it will also be difficult for you to trust him. But in cases like this, I don't think it's a problem if you want to immediately believe what the OP says because it's about what he once had and has kept until now.
They have to trust Bitcoin Holdings who have known about Bitcoin for a long time and have seen with their own eyes the new record ATH of Bitcoin. Only they can make a potential prediction about Bitcoin and almost everyone's prediction considers Bitcoin as a potential currency of the future. So I think almost everyone believes in holding Bitcoin. Because Bitcoin is the only coin in the crypto world that has no chance of being scammed. And its price is constantly increasing.  And even if the price falls, it is sure to recover
Trusting the Bitcoin holders or not is simply not necessary for me, we should just do our thing and leave the rest to Bitcoin and the market speculation. By the way, if you have money in Bitcoin, you are a Bitcoin holder and no matter the amount you hold in it, it doesn't matter. Now, if you look at it critically, can you trust yourself, or can people trust you? You can see the question look somehow, it is baseless in my opinion. What matters is for us to focus on Bitcoin itself and not the actions of the holders or even the short-term buyers themselves because the investors of today may not be the holders of tomorrow, which is why the market could drop so rapidly at times, and it could happen to the tune of over $10,000 in selling in just 2 or 3 days.

Let's only do what the market is meant for. And like any other market, we should rather be the friend of our trading charts and not trust holders or even market news and events, and I can assure you if you know how to handle the chart reading and its interpretations very well that you will know the mind of the buyers and sellers of the market because the chart will always be revealing that to you. This is unless you are not a good chart reader which I advise anyone to learn since it will always be the best market guide the person will ever have and will help us stop relating relevance to what is irrelevant like the holders' remark in this context and also the external prediction reliance.
279  Economy / Trading Discussion / Re: Why trading and not something else? on: May 28, 2024, 10:32:56 AM
Reasons why I chose trading instead of something else;
 - profit potential
 - interest

Trading is indeed another way of generating money that someone could fall into. Unfortunately, the risk is terribly high making a lot of traders suffer losses instead of earning money. The sad thing about this is if you don't have enough knowledge and skills, you will not earn any but lose all of your money.

Trading is quite interesting because of some social media influence showing a lot of money but this is the thing we should have to remember before we try, the market is unstable so we don't have to take it easy and it is why we can't ensure profit.

well, however, these two things are what interest us all, especially the profit part. In fact, when I studied crypto, we naturally entered the world of trading. Therefore, sooner or later, people who study crypto will see the potential that can be gained from trading. This doesn't just happen to crypto, but also to other investments. After all, all this happens because of "interest" which has the goal of generating "profit". So, that's why people are interested in trading.
Well, in my opinion, what @Kelvinid wrote regarding the "Interest and Profit" as the reasons why people are trading is not so true. The one and only reason why people trade is to make money from it (Profit) and nothing more, except you allow people to deceive you. Trading is not a game or something similar to games like betting, so why have a mere interest in a thing like that if not for the money? Fine, our interest could be in the financial market, but reading about it and getting the updated information like other sectors we love without investing in it would have been the end of it, not how it is in such a way that we will now invest our money just because of the interest we have in it. Let me remind you, that trading is risky, meaning that we can either gain our money or lose it, so when it is of interest only, why are people investing an insane amount of money into it? Besides, to date, I have never seen a single person, whether online or offline that categorically states that he is trading for the interest he has in it, but for the money, which is so feasible.
280  Economy / Trading Discussion / Re: Take Profits! Its important! on: May 28, 2024, 10:18:54 AM
When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.
Lol...you are trying to advice regarding the market but you neglect the fact that the market is dynamic. This is why what you perceived as the trader's/investor's fault today could be what would deliver the huge money into their hands later tomorrow. This is why I do not like to generalize any advice when it is about trading and investment, but to advocate that traders should have a viable plan that will always guide them. In trading, it is not by force to use the stop loss or take profit functions, it is all about you and how you've trained yourself even though, those functions are good to use in the market.

Still, I have read a whole lot about trading/investment, thought enough people and have practised more than 100 trading and investment strategies to have concluded on what I just wrote. If you are a long-term trader/investor, there is no need to use take profit, though it is not a must you do not use it as well, it is all about your choice, your strategy or mere variants, and you will still be perfectly fine. All that matters is for the trader/investor to know the strengths and weaknesses of his strategy in relation to the market conditions, and also know the time he can dedicate to the market for effective management in some conditions.

And once you are very good at speculating, you will hardly miss your predictions and hardly go wrong when you leave a trade and not take your profit, or when you take profits void of regrets. This is why traders must build a foolproof and time-tested trading system with everything they know about the market to achieve their own style/pattern instead of believing that some actions are because of greed or fear, No, I won't take that. Trading/investment actions and plans can never be the same for all traders/investors.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 268 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!