There is still risk that comes with holding crypto, with a $5 wrench, an armed thief can force someone with bitcoins to send them to their wallet addresses.
This is why it is important to remain low key. Whether it be in your digital life/social media posts as well as in real life that you're too careful to tell stories about yourself being involved in crypto investments. When you have your money in various wallets you can not be rubbed unless you are careless over it.
As the above quote says, you can still be robbed forcefully if you're not careful to your words and if you're too showy to others that you own cryptocurrencies. |
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You can have a little background with the tech itself but if you're pursuing for investments, you have to choose the crypto, the right one for you.
Ask yourself, what do you plan to be? a short term guy as you invest, mid term or long term. Most that you will see on the forum, we've decided to be long term.
I think experiences would teach you how to be smart in decisions or at least be good in every time you're about to sell or buy. There's not that much complicated strategy doing it. We apply the buy low and sell high strat and then you hold it for a long time until it makes a profit.
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For last time I use tronlink to send or transfer funds! Eth have too high gas and I think people better will choose tron or binance chain for transactions!
Those two were the alternatives that's being used by many during the surge of Ethereum's for having a high fee. But if you'll have to take a look again to the fee of Ethereum, it's decreased somehow but others are still considering it as high as it is. https://ethgasstation.info/ |
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But those mixers already look very scammy.
How do they advertise their websites?
Usually through Google Seo/ads. Google isn't that too strict with those advertisers that are using google to be on the top results. It's been an issue even before when there were doublers that have passed and able to show to the ad results whenever you type the keyword that has been set for those scams. Even in YouTube which is also owned by Google, there are ads popping on a video format and as well as on their google playstore. They're not strict and we don't know if they look at this issue very seriously. |
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And if you're going to look for articles, they're already creating some issues that it's going to cause a shortage for storages, ssd/hdd.
That's insane. I had to pay double the price to upgrade my PC's graphic card. Now the same is coming with SSD/HDD. Along with the shortage of processors, PC/laptop market will be gone wild. Not yet for the hard disks, it's about to start once that Chia is listed across different exchanges and it's proven to be profitable. There will be another choice for miners to be focused as they continue to mine. The cost of setting up hdd/ssd and good server desktop or i7 desktop is way too high unless you can get these cheaper in your country, also for a coin that's not even listed on any exchange yet it's hard to build a mining rig for it cos anything can happen, price could dump
Miners are going for the same strategy as the traders, looking for a new coin to mine because they might find their fortune on it. |
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Have you heard about chia Network? I think you should check that out since you crave for a coin that is easier to mine without GPU, Chia project can be mine with SSD or HDD, this requires no high electricity bills like PoW algorithm, https://chia.net This is what I'm about to suggest. From the basic idea that I know about chia, the higher storage you have, the better miner you have. And if you're going to look for articles, they're already creating some issues that it's going to cause a shortage for storages, ssd/hdd. With a CPU the only thing you can mine is XMR however for it to be worth it you need a high end Ryzen processor or some i7 which most PC don’t really have unless you got a gaming setup.
I agree for CPU mineable coins, monero is the most worth it. But for the choice and list for you OP see what other alts you can mine with CPU. https://www.hostero.eu/cpu-mineable-coins |
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Majority of us believes on that price is reachable by the end of the year. We're seeing bloods in the streets as I type this and bitcoin once again came to $51,000.
But we'll see if this is just a temporary drop, bitcoin will eventually recover and will show us again how resilient it is. We're the 2nd quarter and its first month is about to end soon. There will always be more action that's about to come before this year ends.
Whilst some don't like the correction that occurs, wise investors would take this drop as a pattern to keep more for their stash.
Bitcoin is being collected by investors at the moment. The price neither go lower than $50000 or higher because this sideway zone is where the supply meets the demand. With such accumulation, the longer time it takes to break, the higher the price of bitcoin will be. I expect that bitcoin will be around this zone for at least a month before having any further reaction Companies indeed take profit when bitcoin was higher than $60000 and right now, I bet they must have reinvest their money for the next bull run. This drop is determined as a huge correction in the early stage of q2. There's no doubt with that when bitcoin reached $60k, there were a lot of them that won't waste the opportunity to take profit by that time. They are institutions and they need to make money from their purchase and that's probably what we're seeing right now. Whilst the newbie holders are into panic. This too shall pass but you're right that it will take time before another reaction for the recovery that we're waiting for. It has reached down a bit of $47k a while ago. |
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The next 100x coins is difficult to know but most of the guys are telling that it can be another meme coin. Another inspired token by Dogecoin that has pumped a lot during this bull run.
But as you can see guys, the market isn't looking good with its daily chart and that's what you should look at before thinking about the gain of 100x. Such greediness might even get you to a trap and you can no longer get out of it.
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About taking profits.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
Those tips are not only for noobs here but even long time users need to be reminded by those simple things. And once you sold your coins, don't look back and regret what you should have done. I bet, a lot of us here are guilty of that from time to time. But anyway, we are learning each day here even if we have been for years in crypto. New projects come and go, new hype, new exchanges, but we need to stick to the basics. Better store your coins in your own wallet, where you have full control with your funds. Right on, even the experience ones sometimes forget. They have the experience but still can't control their emotions to take profit and hopes for a higher price to beat their expectation. But at the end, their expectation falls and goes badly because they lose instead of profiting. As long as you are doing it correctly, you make profit and you're happy, that's all you need to do. Rebuy if you think that there will be another increase but do it during the dips. |
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I haven't followed this news lately.
Upon reading some of the latest news about it, this is going to be a long case in the court. SEC just asked to dismiss Ripple's defense. But if we're going to relate this to XRP's price, it has recovered, and if this affects it, and will go into another correction.
There's not that much affection because everyone will buy at that dip.
That is correct. For some people who knew XRP has a strong defense against this case, they will without hesitation buy XRP when everyone was scared. This is indeed a long case, but the case doesn't seem like it's affecting the price after all. Though It has affected at one point during this lawsuit came out to public for the first time. But people was so smart not to let the opportunity to buy Ripple at a much lowet price. The case and the market are two different things. And traders, investors, and those people that haven't taken advantage when it was low wouldn't care about the active lawsuit anymore. Before, I've assumed that it's going to be the total lie low for XRP. But I was wrong and it still did pump despite the lawsuit. |
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About taking profits.
In my experience, you sell when you're happy that you're about to sell and you have already the place and allocation of your profit so that you won't feel any guilt that you've sold.
And even if there's a rush increase to the price of the token that you've sold, you've already put that into use and there's no regret and feeling sorry for that decision.
Also, don't be too greedy.
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I also had that what if before but I knew to myself that just like the other nostalgic crypto posts about selling early like the famous Greg Schoen tweet.
I've probably have sold with a few hundreds of profit instead of holding just like those projections and comparison of amount that have rendered IF being put into bitcoin several years ago.
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I haven't followed this news lately.
Upon reading some of the latest news about it, this is going to be a long case in the court. SEC just asked to dismiss Ripple's defense. But if we're going to relate this to XRP's price, it has recovered, and if this affects it, and will go into another correction.
There's not that much affection because everyone will buy at that dip.
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#1 is right.
I've just talked to see some of my friends and they've known that I'm into crypto and followed the news and market and the first thing that they've said, I've profited much in the market.
But not that really, I wanted some more and looking forward to the future how much bitcoin shall be by that time. When they see the market goes in the bull run, they're very active and always have a thought of that it's just an overnight success and crypto is all about getting rich quickly.
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Congratulations on your purchase through bitcoin. This is a positive experience for you whilst the others, they're pointing out the negative which is a fact about the fees.
Everyone is free to do whatever they want with the bitcoin they hold. It's really meant for payments but this time due to the fees, it's getting harder but that's not it, we have lightning network which is not yet popular but time will come that it will.
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There will be a breeze in the market which will result in a positive outcome for all of us. Whether it will take some time or have an immediate effect, such contributions would be just as the same as Tesla and PayPal's announcement.
And I think their model to follow for companies who have acquired earlier, one of it will be Grayscale and Square. So if Apple and Amazon and even Microsoft goes back on it, that's a sign that will be rushing to get as much as they can.
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Yes, that's another reason why it has gotten the attention through social media. A lot of people became engaged to cryptocurrencies because of those influencers and simple people that have found their way to earn and trade online with it.
But there's more to it because only the good and success stories have been shared and once a newbie starts trading, he/she will find the best and the worst experience upon learning it.
I guess it is much better that trading become more popular today than social media because it is much worth it to pay attention and to spend time with, it is a lifetime learning and it is a lifetime skills that everyone can be used to their life than spending whole day scrolling and roaming around everyone's life. Also the mere fact that the crisis we have faced today was really stressed us out, giving other people anxiety and mental disorder so learning trading somehow not that really easy to do but it could really help. With the use of social media, things and activities like trading can spread across all over the world and those people who are unaware of it can be finally aware and find a career and living on it. Although not all will be confident as what we're saying but at least there will be those lives that will change their lives forever. Just like in some continents and countries today, trading has helped them with their daily living. |
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i have been making profit by using Exchange for a long time. However, I was not familiar with your form. I am new here. And so I come here to show me a better direction.
Welcome to the forum and that means that you're no longer a newbie in crypto as a whole because you're already a trader. So that I can tell and let the world know. Crypt will one day be the only medium in the world.
It will happen but it won't be the only medium that will exist in the future. There are a lot of payment methods and options that shall be the medium of exchange although they will coexist with cryptocurrencies. |
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It became popular due to the prices that everyone is seeing. Price of bitcoin, ethereum, BNB, Dogecoin and other cryptocurrencies that have much increased in a short period of it.
That made people to download those trading apps and they all became interested. This incident usually happens when we're in the bull run. People are always interested to the market when it's up but when it's down, not that much news about surge in downloads and searches.
Add to that is also because of the pandemic. Most people are in their home now, some lose their job and looking for a way to earn money. They see those trading platforms to do that and also with the recent increase of cryptocurrencies it would definitely get them interested. I even saw some tiktok videos now shilling some coins to buy. This just means they are also trading on some popular searched platforms. I hope these people did their research well about crypto, market won't always go up. Time will come that bear season will happen and I hope they don't lose more money because of trading. Yes, that's another reason why it has gotten the attention through social media. A lot of people became engaged to cryptocurrencies because of those influencers and simple people that have found their way to earn and trade online with it. But there's more to it because only the good and success stories have been shared and once a newbie starts trading, he/she will find the best and the worst experience upon learning it. |
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Majority of us believes on that price is reachable by the end of the year. We're seeing bloods in the streets as I type this and bitcoin once again came to $51,000.
But we'll see if this is just a temporary drop, bitcoin will eventually recover and will show us again how resilient it is. We're the 2nd quarter and its first month is about to end soon. There will always be more action that's about to come before this year ends.
Whilst some don't like the correction that occurs, wise investors would take this drop as a pattern to keep more for their stash.
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