Once again — just like every couple of weeks, Bitcoin is going to be pronounced dead. Crap like this is really nothing new. https://www.bitcoinisdead.org/ |
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Probably the off-topic section since we don't have a non-crypto related moneymaking subforum. Probably not the best section for visibility, but yea.
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Crypto trading groups (especially paid ones) are crap. If you just want opinions concerning markets in general (not specific day trades), just join Twitter and follow people who post about markets frequently. Really no need to pay for anything.
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It would suck, but I don't think the negative price impact would be that big. A lot of people who acquired their bitcoin privately would just be secretly holding their BTC safely using their non-custodial wallet.
With that said, we need better privacy tools that are easy for beginners. Probably a privacy-by-default wallet.
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Was expecting to see in it some sats amounting for at least 1bitcoin then the name bitcoin designed wrist watch would have been more realistic. Though many whales may acquire this watch but its quite expensive, in few years, the watch wont be scarce as they may have thought, they will be alts of the watch in other words replica that will sell at cheaper rates  however bitcoin as a term used to design a luxurious watch for the first time will help get people in the watch niche to design more of bitcoin watches, though it depends on the sell out of the watch. How so? Though I'm not saying that this watch will stay consistently at this price range, there's only 25 of the exact watch, and if replicas would decrease the value of the original watch, then Rolex's, AP's, JLC's, Patek's, etc would be cheap now — but they aren't, because the markets highly value the original ones. |
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I know all the points given by the OP because that’s a common knowledge in trading but I find it hard to apply in reality especially controlling my emotion every time there’s a strong movement in the market. I’m just using cross margin with low leverage on all my trade and just use 10% to 20% of my capital so that my position will be safe when the result is the opposite of my prediction. I’ve been liquidated many times in the past using isolated margin without stop loss so I try the cross margin to trade safely and take advantage my high margin for my trade. I just set stop loss at 50% loss just in case shit happened but I always trade along the trend.
Take note that you don't even need to use leverage to short downtrends. Sure, without leverage potential profit are a lot less, but you're going to get liquidated A LOT less — which is such a significant thing because you could be right about a general trend but get liquidated anyway due to bad entry. |
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thank for answer  , ok but what kind of small business you talking about, Totally up to you — we don't have any idea what your skills are and your interests are, or your general background in general. Pretty hard to make any recommendation if I don't know you personally, so only you can answer this question. |
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It can honestly work both ways. I know both types of people — the ones that solely focus on the money, while the other focuses on being good at what they're passionate in and or focus on solving problems first — then the money follows after.
I know very successful people from both sides, but the latter tends to be more happier people; with the former being mostly more stressed and more miserable despite being well-off.
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You want an "investment" with potentially high yields, go start a small business.
If you see an investment opportunity in the crypto space with high yields, it's either a scam, or very risky.
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I don't find it weird at all. Bitcoin was unpopular and had zero market value then. So those who got into it had to have a real reason to do so, one which would more often than not, resonate to the actual purpose of Bitcoin, which I believe you share.
Majority getting in now, see that lots of people got profits and they want some too. If the government can still subpoena them through the centralized exchanges they use or they have no privacy, or do they own the keys to the coins, doesn't matter at all.
I get your point. It's just the fact that the post on the screenshot was a bit too close to what I would exactly say when asked about the same question. I know the general idea would be mostly the same, but I just expected a bit more variation compared to a response from 2009. I'd say more of 'uncanny' than 'weird'. |
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Firstly, bitcoin hasn't gained worldwide adoption and it hasn't penetrated the poorest regions as you think. There are millions of people who don't know a thing about bitcoin and don't use it.
You say bitcoin has gained worldwide adoption. If it has, why are different altcoins out there a limitation? The various altcoins are not a limitation to the growth and adoption of bitcoin as bitcoin surpasses them all and uniquely stands out from the rest. Despite that, it has not reached global adoption and use like you think
It actually has gained worldwide adoption, just not as much widespread as as we want population-wise. Adoption is a spectrum — it's not adopted or not adopted, but rather how highly adopted is it. Like how we see a lot more adoption in Venezuela and some countries with really bad economic situation. It's just the fact that it's not used by the majority. |
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No one is responsible for moving the price of bitcoin up or down, it's purely based on offer and demand and since the inflation is hitting the world atm so it only makes since that stocks and crypto are going down.
More accurately put — while some people/entities has more effect(bigger pockets vs smaller pockets) over the markets than others, it's a lot more accurate to say that it's everyone(collectively) that's responsible for bitcoin's rise and drop in price, rather than saying no one. |
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It's not very common. Social media's only do the best to secure users account, when an account is linked with an email and scammers tries to hacked the password, the user of the account receives a message immediately about what is about happening to the account.
I don't mean social media platforms warning their users about their social media accounts. I meant people in social media groups posting warnings(or news) concerning hackers and scammers; which happens quite a lot especially when we get news from the top crypto-related news sites like Cointelegraph/CoinDesk/The Block. |
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If not work out then Im sure there are believer there somewhere in the crypto space. People tend to get sxare when investing on crypto and they should be cause scam is real. But we are talking about bitcoin here decades of exposure and continuous building and development on the network.
Simply put, there's no need to have convincing. if whoever that someone needs convincing to invest in bitcoin, he/she shouldn't invest in bitcoin. Because if you understand it enough you'd invest in it yourself without other people convincing you to. If no one would believe that btc could be a million worth then I'll stop believing too but for sure not only me (assuming it will happen in thr future - no dates and years)
Well, that's what mostly happens in bear markets — most(obviously not all) stop believing. Does it mean that Bitcoin is dead? Obviously not. |
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Hmm make them believe that btc would be $1million each anytime in the future. Investors who loses patience on the market will only be attracted again once they saw or see a good profits odn their portfolio. Thats how an investors becomes active on his portfolio when there are gains on their sheet. Now if crypto completely proven or assured a price hike in the future these institutitions are gonna stop the fear and hold their self for a longer and stronger mind againsts fud and uncertainty rtainty of the bear market.
Not really something I'd suggest doing. This could be a good move assuming the people you convince will actually hold the bitcoin for years and years for multiple cycles; because chances are — especially those who don't know anything about investing in general, they'll mostly simply just sell at a loss. |
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It won't reduce the chance of getting scammed, people don't learn from others bad decision, they always feel different thinking same thing can't happen to them so they take their chances too especially when it comes to money.
It depends — some people do; at least the minority who's interested enough to actually read about security. Bringing public attention isn't totally worthless and is definitely very important, it's just not as effective as most people would hope. |
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You can see the portfolio on ledger live but it doesn’t tell you your average buy etc.
Not only that — Ledger is pretty slow in adding coins/tokens in their tracking database, hence a lot of times the slightly more obscure cryptocurrencies aren't tracked. But if you only hold bitcoin or the major cryptocurrencies, you should be fine. |
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Nothing? If they cant handle huge and prolonged drawdowns then they shouldn't be investing in bitcoin/crypto/stocks. It's really not my job to convince them.
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