Dear All
There are two bodies in crypto, Traders, and investors. Today's topic is for investors. Specially very longterm investors. There are investing strategies for everyone. Share your ones.
Most common and sometimes I adhere
Collect BTC at Deep Dips. (recently FTX collapsed)
Collect potential Alts Bear market.
so lets share your belives on strategies.
There are also participants of projects; both campaigns and air drops. They are also a part of this industry as well as gamblers (which are also included because they are using cryptocurrencies on their transactions). But in terms of investment strategies you could also add scalping wherein a trader/investor would jump on a particular price (regardless if it is bear or bullish run) as long as there is a potential market price movement. Pointing here that we may have different market strategies but having the same goal which is to earn profit. Unfortunately, the idea of profit is being too emphasized towards non-crypto users which makes them unrealistic of how money is being 'created' in this industry. |
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Well, we just cannot really stop the inflation rate; an economy can just slow it down or reduce it. The problem arise because minimum wage cannot cope up with daily expenses which yields to poverty. Who's at fault? Government and families. I'd say governments because they are the ones making regulations to cope up with the situation. Families on the other hand could also be at fault if they won't manage the family itself;family planning and daily expenses wherein adjustments should be made. not patronizing,
here when we want to have children, before that we have to know the limits of our ability to finance them up to the highest education implemented by the government such as high school , if in my country, if we have a mediocre income we should follow the government's recommendations so that we don't find it difficult to meet his needs,
stop complaining if a child has been born, continue to be eager to earn income so that our children can be more than us and at least one day our children can raise our degree when we are old
Major problem is family related factors. Same with my country wherein people are complaining about shortage of financial resources but they are the ones who made a big family to feed. It has something to do as well on sense of responsibility. |
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Like something that they would acquire in the future? that would be wise but be sure to transfer you assets to your child once they already have awareness and once they are ready for it because there would be a tendency that they would ignore it, if they still don't. Those are good threads, I have read it as well before. Well for sure people in this industry are having the same thought of passing this technology across generation due to its potential. Some are even having plans of "ladderized" plan for younger ones. 'coz if you would share it in an instant and at the wrong age they might not pay attention to it so efforts could not go to aaste. |
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This is a wide interval. As far as I remember, dominant tokens way back 2017 are gambling tokens which are still existing at this point. But on recent years, 'memetokens' emerged. Then there are nfts (although it is not altcoin related). But what I'm trying to point out is that there would always be 'new', projects in this industry. If I am about to guess which tokens would have a 'noise' in the future, I'm guessing healthcare related tokens. There were projects before similar to this concept but it did not emerged as big as with other token fields. One reason is being timely but not because of the pandemic; we will just be needing it for the rest of our lives. But this would only be possible if cryptocurrencies will be more adapted by establishments of different industries.
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Depends on my resources of an individual. If I'm privileged, I'd definitely try businesses 'coz I'd have resources and permission to try over and over. But since I'm not, the best way is to be an employee first in order to earn money for my capital. Even if I will get a high paying job, I'd still go with business simply because I cannot imagine myself working still when I'm old. Life's too short for us to not enjoy it. If you're okay with working 'til retirement, then that's just fine. But if I would have a choice to make it early for me to enjoy the rest of my life early, ofcourse I'd grab it. You can also consider working while having a business, depending on your preference. Everything would work fine if you'd want to.
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crypto is a scam, it's no better than the government fiat currency that has enslaved the world
Bitcoin is not a cryptocurrency? it is also part of the market but it is different from the rest. Bitcoin would survive even without altcoins, but without altcoins bitcoin would not be as popular as it is today. You should remember that 90% of the participants in this market are for profit, not for technology or privacy. If there was no crypto market then bitcoin would have no volatility then no one cares about it. Bitcoin is not an altcoin but a cryptocurrency. Both altcoin and Bitcoin is under the umbrella of cryptocurrency. Probably barto123 is confused about an altcoin and cryptocurrency. Though many altcoins are created scams, I still believe that a few of them are created with sincere intention of innovating the cryptocurrency industry. These altcoins bring new knowledge and application on the table where Bitcoin is very slow to produce. Altcoin seem a testing ground of cryptocurrency innovations. So I believe no matter what happen in the market, Cryptocurrency will survive. Cryptocurrency Industry is bigger than what we think. That's the fairest comment I've ever seen, many people are too crazy about bitcoin and think all altcoins are scams and useless. That's ridiculous, Cryptocurrency market without altcoins, bitcoin would also be useless, a bitcoin can't make a market. We are here for profit so I will invest anywhere as long as it can give me profit. Bitcoin or altcoin is just a tool and how you use it is what matters most. Both are under the category of cryptocurrency. Altcoins are simply alternative coins to Bitcoin, nothing more and nothing less. Most of the time are from small projects there are even "memecoins" nowadays but still, they are all the same. But scam acusations would be a different story. Scam coins are simply non paying projects, or if they took something from you and you get nothing from them and definitely, not something which caused you losses just because of the market price behavior wherein in the first place; everything is lacking considtency in this industry. These things are different. They are all just being generalize simply because they are a part of this industry and we just cannot stop such thing; we can only lessen the victim by sharing our knowledge especially to new ones. |
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In Philippines, this is one of the most gambling activity especially to the older individuals wherein those who has capital breeds and 'trains' their cocks for fighting. There are huge bets and are most of the time illegal in our country. But there are registered ofcourse in PAGCOR, for it to be taxed and to operate continuously, if I'm not mistaken. I remember my dad being present in cock fighting house. He almost got caught , lucky for him on being able to jump off the 'fence' LOL. I'd bail him out if incase, just quite funny. I asked him before why he's into it inspite of being at risk of going to jail. He just said that being caught is a part of it. Crazy. But I tried as well betting but thru online platforms only. Money is good if you know how to spot which chicken would win( which is somehow easy for "veterans").
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Of course panic always haunts, especially among beginners who have just entered the world of crypto/bitcoin.
it's a natural thing among beginners, because many beginners start investing using borrowed money or hot money.
but for beginners it is true that this is the right time to invest, don't come when you go up and go when you go down.
Investing in Bitcoin is not supposed to be a compulsory thing that is why people make mistakes and use borrowed funds to invest and the later time they will start complaining about not making profits. To invest in Bitcoin, there must be a vast understanding on how the market works which is the reason why newbies that do not understand the market will keep making mistakes of taking the wrong steps or movement in the crypto market. The market is volatile with vast movement which could lead to loses or profits depending on how we make decisions about the marketm Problem is with their impression. Many people were heard to become rich because of this technology as investments or assets but many non-crypto users are not aware of how hard it is to generate profit. Years of studying graphs if you're planning of trading. Years of research if you're into project investments. It took years for those individuals who became successful in this industry. There will never be an easy profit. Risks will always be involved and if you are an investor who cannot endure losing your 'one last shot' of money to invest then you're not ready yet. An individual must have a ready to lose money if you want to earn profit from investing not only in this technology, but in general field of investment ofcourse. |
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After reading your title itself I was like - NOPE. You might know this but cloud mining is oldest scam you can ever find in the crypto community. Before 2017-18 it was really on the boom and many peeps got looted for their investment. That is get quick rich scheme and it’s better to stay away from it.
Experience- Swiss Alps Mining company. They literally gone so far that they sat up real mining blocks in Greenland and shown their logos, peeps working around and what not. It was so trustworthy project but slowly it turned out to be scam. Better think 100 times before joining.
People are just finding an easier way to earn profit. Mining is indeed profitable but it won't be cheap such as with cloud mining. Building your own rig would be the best if you are really interested with mining but considering the value of Gpu's for sure it would cost you not only dimes. Another factor is electricity wherein it is also expesinve to some countries such as with mine. A friend of mine living on the same country tried to do so. Well he now manage to get procit from ASIC and GPU mining but it cost him a lot. He needed to buy many in order to cope up with the money he used for resources and equipments. In short, cloud mining it too ideal and unrealistic especially nowadays. |
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One limitation is volatility in which most of non-crypto users are not yet still ready of. Think of this;, if the price of goods in the market is fiat based $20 it will be bought as .0012 in BTC. Whenever the market price is on uptrend .0012 BTC would also be bigger. In short there will be unequal or unorganized market price IF governments would adapt to this technology while everything is still fiat based. This would only work if Prices of the things we are buying on a daily basis is on Btc already. To those countries who adapted cryptocurrencies, they are just using third party applications but not totally crypto-based. These are also limitations at the present.
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What incredible theories of the origin of the pseudonym Satoshi (or his real data) we will not hear. This will probably continue until the end of time (or the end of btc mining  ). These speculations will crop up endlessly, but the nuance is that we will never be able to know how it really was. Even if one of the theories is correct, only Satoshi can confirm this, but as you understand, he definitely will not take this step. All such conjectures should not be taken seriously and are best taken as gossip reading. But does it really make sense? Knowing what Satoshi is really into or even knowing who he is. If ever he reveal himself what would happen except for rain of questions and criticism on this technology he created? Other than him being able to address question, there's nothing much of that. The market value might hype up a little if ever he's to reveal himself but I doubt it would be a long term and continuous increase simply because the demand won't be that high; its value would still be volatile for being dependent to demand. Also, it is still not widely being used. Or simply, problems on this industry or bitcoin to be more specific would still be there. This would only matter if he would reveal his plans for this industry. |
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My question is: Does education guarantee a job.
Answer: No
Being educated means you are trainable i.e you should be able to use your acquired knowledge to creat space for yourself in the labour market even if their isn't any job opportunity. Education will give you some skills that make you different from an illiterate.
I get your point; it depends on the skills of individuals. But think of this; would you hire a bystander as an architech if he knows how to draw? Skills won't be enough if it won't be further developed and that's the goal of every school which is to hone talents and potentials.Some people who did not manage to graduate became rich. But that doesn't mean that it would be applicable to all of us. We are all different. We have different fates. The least you can do is to create yours and education would be your biggest milestone to somehow reach that "minimum" requirement to get a job. Acquiring a job is every successful businessman's first step, 'coz it would generate the capital. So how would you do that, now that the minimum requirement on some countries is on collegiate level? |
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Fame for sure, just like big names such as Vitalik, Elon Musk and the likes. I doubt he would face lawsuits because investments in this industry are not by force. Investors engage out of their own curiousity and also, Satoshi is not earning money from every downfall of the market value which makes it clearly not a scam; as most non-crypto users believe. As other users have mentione, there is a tendency for him to be criticized but that has nothing to do entirely with this industry. But I think hiding himself is an strategy(just a guess). Just look at other founders who are known. They are being criticized which affects the market value (sometimes) of the token. So if Satoshi won't be, then hiding lessen that tendency.
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Well, speculations are just prediction. No assurance of what will happen. You can even say that its market value will be 1 billion after 20 years. But none of it would make sense not until it occur. No matter what basis to use, there's no consistency with this industry; the market value will not continuously increase as what we are currently seeing. From a market value that broke 'ceilings', to a market price wherein investors are guessing its bottom. If we would base on history of this industry, 4th quarter of every year is where bullish movement occurs, but that's the opposite of what happened this year. Feel free to make your own forecast on its market price 'coz all of it are subjective.
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Why should you quit your delivery job to invest in Bitcoin? Because after investing Bitcoin you don't have to do any work. You only have to wait and on the other hand all your time is alive which you may spend on other activities or spend free time. So in this case if you continue your delivery job then you will have an income from there which can cover your daily expenses and if you hold the Bitcoin invested money for a long time you will get a big profit from there at some point which will help you to make bigger yourself more in the society. so you shouldn’t quite your job
Investments in this industry won't give you stable income given how volatile this market in the first place. A stable job is necessary in one's life. No risks involved and you'll have an amount in your pocket incase of emergencies which are innevitable. There are people in this technology, earning huge profits but they are the ones who has bigger capital; applicable to any field of investment. But if you're a small time investor, it will never be advisable to just rely with 'seasonal' income, wherein risk will always be involved. On my end, I have a stable job, and still engaging wuth crypto investments. So far, I'm satisifed with what I have now. So I guess I can say, it is a better way to do. |
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Informations are small thing. They won't ask for your pictures (mostly). Mist of the airdrops I've joined simply asked its participants to create an account on their platform and invite friends on their telegram channel (most of the time), also to share news about their project on instagram and such. There are also contests such as fanarts and more. The only thing which is bad on airdrops, are non-paying projects. Even if you didn't lose money, time is important also the effort of participating. But all in all, personally, I've made a decent amount from airdrops before. Nowadays, I think rewards are not as big as with previous years but as long as it is paying, I see no other reason to participate especially to those who are lacking money to invest.
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1 in 4 seems awfully high, but in any event, this shouldn't come as a surprise when inflation has outpaced wage growth. People think they might be getting a pay increase when the reality is that employers are paying them less relative to the value of what the employee would have been worth in the past due to inflation.
If the economic projections are correct and GDP growth will be negative for Q4 2022 or Q1 2023, then people will be in a really bad spot of high inflation, low wage growth, and economic recession.
This is just sad. Thanksgiving is for everyone and given that there are people who are skipping the celebration is just something that cuts deep. Simply shows how hard it is to live nowadays especially if you are an average employee. In our country, some groups are pushing increase with the minimum wage in order to cope up with high inflation rate of market goods. But the question is; will it be sustainable for the economy? But one thing is for sure, changes as such are needed at time of this. The amount before being spent on a daily basis is almost half of what you can actually buy on the market at the present. For sure there'll be months to follow having or being on the same situation but atleast let us hope things would be solved by governments on each countries. |
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Seems like. Do you guys have seen how many platforms this Ethereum blockchain are tangled with? Like it was almost all projects so I guess it would remain leading because of that. Although there are blockchains which causes lower transaction fees such as Litecoin and BNB, ETH chain would still be more used because it is somehow more secured.
Ethereum is still decentralized. It is just because of third party wallets and apps which makes it seem not to. Except from high transaction fees, my another problem is delay on some of my transactions made which on my end, viewed it as traffic given how many projects are using this chain. I got used of it than to use other chains and eventually lose my funds. Better late than never, I guess.
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This isn't sponsored or paid post by Coingecko. I was just browsing and saw their post on their Facebook page and it hits me after reading it. A throwback Thursday and it's been a year already since bitcoin has reached $64K+ (actually $66k on CMC's chart as for checking it) and there's more to this price because this wasn't the highest. But considering this throwback and this price is closest to the ATH that we've made last year. I'm sure that many will reminisce that moment when you're about to sell but didn't because you think that the price will go higher until you were not able to sell and missed it. And also those that have bought at the top and then has to hold it until now or sold when it's a bit lower to cut losses. Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.  SourceAnd until now I still regretted of not holding on to Bitcoin during the long bear market. I decided to sell it until a few weeks later it shoots up to $20k, $30k, $50k, $60k and so on. I blame myself for being hesistant in buying BTC with my extra “not beer money”. Right now, I am at a loss despite doing DCA with Bitcoin. But I’ll keep hanging on coz’ I know one day it would definitely bounce back despite the uncertain timeline. Maybe after the next halving, but no guarantees or promises at all. Ease your mind. The market has still a tendency to be at that point again we all need to be patient. Avoid yourself from selling not unless necessary or you are needing money but as much as possible don't. You might be aware of this alreadym Losses from a market price downfall are just temporary and will only be permanent if you would sell it at a lower point. And we just don't want that to happen as investors. For sure having huge losses is tough. If you really trust this technology, buying at this point, to add up your asset would be better, as long as you can endure a couple of months more of being in red marks.
Halving is coming for sure, but my question is, has halving become the major and only catalyst to bitcoins boom? Does it mean that we will have to wait for every 4 years to experience a new all time high and what is the guarantee that this is going to continue for as long as bitcoin continue to exist?...
What you suspect is true because no one can make predictions for the future, what we have is faith and historical evidence. It is often said that if you want to predict the future, you need to look at history because at some point everything will always repeat itself. I also hope history repeats itself but if it doesn't then I don't worry because just looking at the development of bitcoin we can rest assured that the future of bitcoin is very bright. It's only been 14 years but look, from something scorned and despised, bitcoin is now being accepted on a national level. That growth alone is enough to believe that its future is bright whether we have a halving event or not. History repeats as well in this industry but don't expect for same thing to occur exactly as it was 'coz there is no consistency with market behavior. The only pattern we can see as investors are up and down trends. So be cautious still. |
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How bad would it have to get to stop the chain & would that kill Bitcoin? Nothing can stop, hinder or kill bitcoin now or in the future to come as long as bitcoin does not kill itself, this economic cramps you're talking about are what the fiat role has placed to the world to inflict centralization such that every system will be under a single control of the economy by government and their policies, bitcoin is entirely different here, it plays a decentralized role and stand against inflation and other economic setback policies that got us all into slavery over years without having financial freedom, the solution that lies is with bitcoin and it's never too late to begin and have a new start, bitcoin isn't dying but rather resurrecting every other dead situations associated with the world economy development. Nothing can stop? that's bold. Can you see how its market value is struggling at this moment? Indeed it is part of its volatility but with that being said, it is still prone for downfalls. Meaning, factors could affect this technology in general not only Bitcoin. Stand against economic problems? See for yourself at this moment. The demand is low for a reason, which is why its market value keeps on falling from time to time. Keep in mind that Bitcoin is determined by demand. Without huge or high demand, don't expect its market value to be continuously increasing. It is indeed a timely asset but knowing how high is the risk oresent from investing to cryptos, it is somehow understandable seing people worry whether not to or to invest at this price point. |
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