if the doge became expensive, it would be a very positive thing. but keep in mind that this increase has the impact of elon musk saying that doge to the moon, and most likely he also bought and made the price of doge pump up.
I think it's not that positive thing. You said it yourself that Elon Musk made the dogecoin pump. Imagine if Elon dumps his bags in the market, The followers of Elon who's were mainly driven into the cryptocurrency market and are just holding DOGE believing that the price isn't overpriced will be at loss. The supply of dogecoin is very big for its price and there is no hard cap in mining it that's why I think it is overpriced today. |
|
|
|
I think what we are seeing right now is a rocket that is launching. I want to get on this rocket and I think any minute it could be too late as there is already all kind of heat shooting out of the rocket. It is hard to get on at this time. So I am considering to take out a loan of say 20.000 Euros. It wouldn't kill me if it fails but I don't think it will fail. Even if it crashes it will come back 2 or 3 years later. And yes we might eventually end up seeing prices of $100M per Bitcoin or maybe $1B. I am saying this not so much because I think Bitcoin is a great invention. I am saying it because I think the Euro and the USD are currently collapsing. Now since Elon has gotten on others will get on. And eventually the government can not make Bitcoin illegal anymore because too many people are heavily invested.
Do you think taking out a loan makes any sense? The problem is that right now I can not do it because due to the lockdown my income is too low. I would have to wait for the lockdown to end. Then I can work night and day for a month so that I end up making like $7000 within a single month. With that I will easily get a loan of 20K maybe even 50K who knows?
Do you think it is worth it? This might be a once in a lifetime chance.
In my personal opinion, This is a very big no-no for me. Loaning to buy crypto is not the way. Getting into debt is risky knowing that you don't have a stable income today because of the pandemic, you don't have an assurance to pay for it or your plan might be go upside down. I know that you know that his plan is risky but consider your own quality of life if your plan fails. Your speculation is very positive towards bitcoin but today we are nearing the correction period and it might not the time to accumulate some. Remember to just invest what you can afford to lose. |
|
|
|
Happy Friday, gamblers  Some time ago, last October, I asked you if BTC price increase has affected your gameplay somehow. Back then, it wasn't a problem for most of the users who replied. Well, today the BTC price is almost $50K. I was just wondering, how are things now. Are you still playing with Bitcoin, or have you switched to another coin due to a rise? Thanks, Karl from Bitcasino I am one of the people who said that I will still play on the quantity of bitcoin and not the value but honestly today with the bitcoin price on the market I can't stand with my own words, I am playing now based on the USD value because bitcoin is getting expensive day by day and my session limit's BTC value is going up and up that's why I decided to limit myself on USD value. I think it's better just to hodl BTC and switch to other alts with lower fees because the network fees have also gone high. |
|
|
|
It's not as expected, where the bounty hunters who spend their time participating in the campaign that ended this week with round 2 don't have enough advantages. they are facing the AME price situation which is getting smaller day by day. yes I am one of those who participated in the campaign until rounds 1 and 2. maybe the first round was pretty good because of the initial launch, but in the second round we haven't received any prizes during the past week, because GAS is still high. if GAS goes down I think the AME price will go back down.
I'm myself waiting for the tokens to arrive just because their ^team^ is waiting for gas to go low which is not going to happen any time soon, but they said they will send the tokens today itself so I'm eagerly waiting for the tokens. By saying that, I don't mean that I'm willing to sell it but would rather wait because in this bull market, there are very less tokens which didn't rally yet or are under their IEO sale price. So, I personally believe this project has the potential to push this token to at least above 10 cents which will bring their marketcap to around 25 million and even if it doesn't, what will I lose? Nothing.  I'm also part of the round 2 participants and also waiting for the tokens to be received in my wallet, I don't put too much stress because it hasn't yet arrived in my wallet though I'm waiting for it to arrive expecting that there will be a dip once the round 2 participants start selling their tokens and it will be the time for me to buy some AME tokens. I'm not shilling but I see that the project team is serious about the project by having their recent partnerships. I'm rooting for the AMEPAY to successfully build its own blockchain in quarter 2 of 2021. |
|
|
|
My $350-$850 journey in 1 month  I don't tell my self as a expert trader. But i am not newbie also. But i can rank me as a average trader. I follow some rules to trade with my money. But last month we saw a huge pump and dump in crypto. From 4th January 2021 i decided to do a test in spot trading on binance. Then i start with $350. In spot trading. After a whole month today i am happy with this result. I make a profit of $500. Truely this is huge if you are newbie because for newbie future trading is not user friendly. And i have done this trade as a test perpose. So if you are newbie you can start with spot trading. It is a friendly suggestion for everyone. It is not for expert traders. Because you guys know what you have to do. Newbie guys can take a safe profit with spot trading and learning more for future trading. Keep safe spot-trade, safe game, safe money and safe profit. This is a friendly motivation for all of my crypto users who wants to start a trading journey. If a single person get motivated by me then it will truly make me happy. I am not a signal provider or a trading teacher. I just share my result with you. You please learn your self. And don't believe anyone who says they trade for you and take a percentage from your profit. They can scam with you. Please be aware from this type of scam and make a healthy trading place. Well played OP, You really did well on trading. It's a good move to trade into spot trading first, There are many newbies who traded into futures and got liquidated and quit trading for the good. I have a friend who chooses trading on futures instead on spot first, I am strongly advising that it would be better and safe on spot trading first but I think he just wants to earn fast profits  btw he's a newbie, I just feel that he is just playing gambling not trading. I hope that your journey in these upcoming months will be according to your plans. |
|
|
|
I guess there's many ways to do this. Let's say you invest £500. Your goal is to 10x you investments and happily pull out.
You invest in 5 coins. £100 each.
You track your investments and see that on your £500, you now are overall 100% up and see you have made £500, so £1000 in total.
Would you pull out £500 or would you leave it all in to grow to your 10x?
Any strategies here I can get to know?
10x is pretty hard and can't be easily achieved even if you have strategies to do it. First of all, I honestly would not target 10x because it can give you the unnecessary feeling of greediness and hope inside you. Setting up a plan after the analysis of the coin you are targeting would be better and applying risk management into your capital so you won't lose all the way if you experience a loss on a trade. Well, Your technique of diversification could be effective in the long term especially if the market is in the accumulation phase, The chances of making a profit from there is high. |
|
|
|
|
I would always buy on the dip whichever coin it is, ADA has still potential knowing that it still hasn't hit its all-time high so there's a chance for ADA value to grow. If you plan to trade it for a short period of time, I think it's just ok to buy at 0.9$ price range since you can make a small profit in it on its approach to 1$ but if you plan to hold it for a long time, For me it's a no-no.
|
|
|
|
The dogecoin has already pumped up twice with the help of popular persons like Elon Musk, now that many people are trying to invest in Dogecoin, expecting to have another madness on doge. So what if, Elon Musk and other popular experts stopped supporting this meme coin, is there are a possibility that Dogecoin reaches 1$ on its own?
Well, like what I've said, this is just a meme coin, no utility, no usage but what do you think will be the realistic value of Dogecoin for the upcoming years?
As you said, It's just a meme coin, no utility, and no usage. This is why I think it won't reach 1$ especially on its own. Dogecoin recently got traction because of the influence of Elon musk shilling this coin and I'm sure that after he profited he will bail out immediately and will cause thousands of people who will be on loss. |
|
|
|
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Yeah, We can consider it today as a wrong decision, But what if BTC dumps and your Defi journey were successful? It's about taking chances but it's not bad to try a small amount first and if successful you will not regret it like you are experiencing today. I'm pretty sure that it was not only you who has the same case, There are many people now who regret selling their BTC and put it to other things that they can get profit. I also sold some of my bitcoins in the 28-35k price range but I didn't sell it all, I made a partition in selling and I'm glad that I did it. |
|
|
|
I was very unfortunate to have lost a phone that had bitcoin sitting in the wallet. I was foolish and did not back the wallet up. I am wondering if there is any way to get my bitcoin at this point? I should also mention that I lost this phone 2 years ago and the lost bitcoin is now worth about 60k so whatever I could do to get it back.
Any advice is extremely welcome.
I think it's a little bit late for you to recover that lost wallet of yours, If you are using a non-custodial wallet your only option is your backup and if you are using a custodial wallet contacting the support will have a high chance of retrieving but it happened 2 years ago so we can't expect help from them. If you know your wallet address you should better check it out first before retrieving, There's a chance that your bitcoin is stolen from you since you lost your phone. |
|
|
|
Are you sad to see the current market situation? YES to ME  1. Seeing insane eth gas costs, Unable to trade small amounts of tokens due to expensive shipping costs. 2. Seeing the increase in the price of BTC reaching the new ATH, I can't do much because I don't have any BTC investments or other coin investments whose prices have gone up. Oh my GOD .. my life is very sad. I hope BTC and ETH prices drop dramatically, amen Well, I honestly can't say that this bull run is sad to me because most of my hodlings got up and got a chance to sell those at a satisfactory price. Though there are some regrets that I can feel because I didn't put most of my money on cryptocurrency during the accumulation phase. Gas costs really got up and there are times that gas prices are crazy high for us to trade, This is the hinder of blooming market transactions. I think before that bitcoin will just stay up to 30k and will never go to 40k that's why buying bitcoin and altcoins is really a scare to me thinking that the asset value is too high and also thinking that I might be burned when a correction happens. |
|
|
|
At least people are knowing about bitcoin because of Elon. Yeah, I know this is wrong in a way that Elon can cause influence in the market, but if he has good intention, then everything is okay over here.
Lets look at the bright side. Because of Elon more people are knowing about bitcoin. Those who are truly curious will start to learn about it and get to know how it works. And then there will be people who blindly joins and waits to see what happens next to make some quick profit. Now lets say, Elon says something bad about bitcoin and praises XRP (which you are worried about), then those who blindly followed him will sell everything, make a loss and jump to XRP. On other hand, those who studied and now knows the advantage of crypto currencies, they will stick to it. In the end, we get a positive result, more "educated" people in the market, while "sheeps" leave.
I have the same perspective about this topic, I'm pretty sure there are a bunch of people who got curious about this cryptocurrency thing that Elon is influencing over his Twitter. Curiosity is what people drive in discovering new things and Elon shilling did somehow good in cryptocurrency. If the crowd who were dragged into the crypto universe and got educated, I'm pretty sure that they know someday they don't need to follow Elon Musk to gain some profit in cryptocurrency. Though there are negative things like the scenario in the first post. |
|
|
|
66 - abel1337 Wish you a happy birthday |
|
|
|
no it's not under DDOS attack, its because of sudden surges of users when the price of bitcoin reaches other all-time high people are more aware of what might going to happen, and the websites, suddenly can't handle loads of users going in, this kind of thing sometimes happens, I have also experienced it but after refreshing the page it all back up again, it may be also something to do with bandwidth allocated for binance website.
And it could also be because users who continue to visit Binance because today is the distribution for those who took part in the SafePal (SFP) airdrop for those who joined airdrop rounds 1 and 2 getting a fair price so it's not just because of the bitcoin pump and doge, maybe because of that. I see that from various social media channels they always discuss binance, SFP, DOGE and BTC. But now it's back to normal and this is a big market so it won't be long in suspension and definitely not a DDOS attack. This is also my speculation, There are many events that is happening today such as distribution of SFP and recent ATH of bitcoin, I am expecting pretty much that Binance will crash or will become unstable as what I experience for the past few months after something big is happening. I don't even think about DDOS attack at that time. Binance CZ also indicated that the system volume they got is pretty much more than the last ATH.  |
|
|
|
It seems Elon Musk knows how to play with people's emotions, and he can attract them to join with him. He already invests in bitcoin before the price is jump, but he announces it now to lift the price, and maybe that is the reason for the bitcoin price to jump higher and break $44,900. The trend still at the uptrend. But we do not know if the price can break $45k or not since that is close to that price.
Elon musk is really taking advantage of his influence, It is given that Elon bought a bag of bitcoin on the accumulation phase and I think this is his plan, He will not shill or do something that he won't gain something. We small-time trader/hodler/believer has a chance to ride his plans to make some profit. I hope that next time he will shill a useful coin not a useless coin like doge  For the mean time, The tesla investment is I think good for bitcoin itself breaking the recent ATH and making a new ATH. I'm hoping that big names will start showing their motives to bitcoin. |
|
|
|
When i was a newbie, i used to join unlimited airdrops and giveaway because those were valuable at that day.but btc,eth some airdrop required to download their app, some wanted to sign up their website.there they take our information, even ask private key & said they use encrypted system.lots of people were unaware about the value of private key.so they gave their keys and get hacked.i was one of them.maybe those methods aren't useful nowadays but downloading wallet may caused hacked your devices
lol I don't know why people put their private key in exchange for a high chance worthless token. Most of the wallet tells us upon creation not to share the private key so basically, your whole wallet security depends on that private key. Ignorance is a poison especially when it comes to financial means so being knowledgeable about the thing you do is very important also being careful is part of it. |
|
|
|
|
Always consider the saying "not your keys, not your coins". If something happened to your account, the exchange could possibly lock up your coins and demand you to submit KYC and put you so much hassle. There are many cases here that they leave their assets into their exchange accounts and when they got back there are problems rising up such as locked accounts because of inactivity, IP conflicts, and other problems. If you plan to hodl some bitcoin and leaving it for a very long time while you consider security at best, A hardware wallet such as ledger or trezor is one of the best options you can go.
|
|
|
|
This is unfortunate Sadly it's irreversible and there's nothing you can do about it. One thing that put you at a disadvantage is the transaction of the hacking because its discovery is 5 months behind the hacking incident. You could possibly track it and find out the exchange where the hacker puts your DOGE at and that will be your chance to make an appeal in it. |
|
|
|
I have about 35$ that I'd like to buy BCH with, but with the transaction fees, I can barely get 8$ out of those 35$. Anyone know a way to buy BCH on blockchain directly from your BTC balance? Also, Could I maybe set a low low fee and use transaction accelerator to push it through?
I would probably use a wallet that has a built-in exchange to swap BTC to BCH. Fees are likely going up as the asset value goes up, High fees is really a burden to the small transaction and not really worth to transaction because of the fee. Actually I always go for the low fee and accelerating it but Some Transaction accelerator need some payments but there are some on the internet that provides free accelerator. |
|
|
|
I heard in news that the ban took place because of scammers that are defrauding people from US and west countries, it's the FBI that get the news to Nigeria and this is what they could do about it now those that are legit crypto traders and investors will have to suffer for it
Well from what I see and experience, I also see that there are many scammers from Nigeria is taking advantage of cryptocurrency as a tool of their wrong act of taking advantage of people. One of the biggest scam act I saw from Nigeria is selling TBC sh*tcoin to their own countrymen and making them believe that it has many advantages such as the value is increasing every day without price lowering down. I don't know if I would be glad or sad on this crypto ban in Nigeria. Cryptocurrency influence is increasing day by day at a rate that is more than in the past years and suddenly banning bitcoin is somehow a bummer for me. |
|
|
|
|
Show Posts
