So you're saying that if I go to the Russian subforum and offer to buy 1BTC for 35 000$ I will have no takers as everyone there will not be tempted by this "scam" currency?  Again, I need to remind you what forum you're posting on! Perhaps you will find someone who wants to make a deal, because there are a lot of fools and suckers in the world. In general, the Russian economy is making consistent efforts to abandon dollars and euros, switching to settlements in national currencies. I remember which forum I'm posting on, look at my signature. Unlike you, I do it for free, and you cultivate your Russophobia and spread lies for money. Fools and s**kers? Who made more than 5k? I am pretty sure who the fool would be in this story and it is not the Russian guy who just made 5+ thousand dollars, the minimum wage is around 120 dollars there by the way, so that 5+ thousand dollars profit means around 50 months worth of minimum wage in a single move. You may think that euro and dollar is a "scam" if you want, just because you believe that to be the case doesn't mean that Russians as a whole believe the same thing and would say no to 50 months worth of minimum wage to be a bad deal, we here all know that is not the case, and you may be the only person who will deny the facts. |
|
|
|
It's true that most of the altcoins will die in 3-4 years and some would die even within an year because new projects solving the same problem more effectively emerge and the old technology is not competent enough.
Another reason why most project dies in a few years is because the owners lose interest in the project once the ICO is done and they will just do the basic requirements promised within the WP and then move on to another project and raise more money. This entire altcoins market has become rogue and it's about time investors will realize that it's not worth gambling with these new tokens.
That death will not be good for the market neither, that’s the sad part. There are a lot of people who end up investing in those coins that will die within 3-4 years, and they will be losing a ton of money when it’s going down. That drops the market as well, and the general crypto marketcap drops because of that. Look at Luna alone, it crashed and even though it was just a thing that should have impacted Luna alone, it didn't impact just Luna and it impacted the whole crypto market. Imagine this but with dozens of coins and tokens, that does impact crypto of course, since it doesn't happen overnight like that, it is not obvious, but it still hurts. |
|
|
|
Binance is a good platform you can always rely on with good reputation. It is easy to maneuver without much stress on what to get familiar with it. There are other platform you can use to start your journey into the crypto world which are just like Binance. One thing that makes Binance easy to use is because of it app that has both professional and starter interface where you can easily get things done. One of the major problem is Binance is a centralized platform that requires KYC for you be able to buy and sell.
This is true, there are many people who dislike Binance because it is at the top and there are many people like that in the world for any subject. Like they would hate the best team in a sport, hate the best actor in a movie, hate the biggest political party just because it is the biggest one, hate bitcoin because it is at the top, and all of them end up picking something smaller and worse just because they do not want to be favouring the best. Binance is the best and there is a reason why it is the best, there has been a million other exchanges, people are not idiots to pick Binance out of those millions to use and take it to the top, we did it because Binance was the best one. |
|
|
|
Then never try to see the market again. Are you new in the crypto? if yes and you shall adapt with the crypto market. The movement of the price is really fast compared with the stock market. in the crypto market and you may face so many heart attack caused by the price can be dumped so hard and then jumped to the moon at the same time. it's better if you are starting to train your depression. If you can't adapt with the crypto market and just try that slowly.
You shall need to invest in what you can afford to lose and this may reduce your depression. You shall not use the hot money.
This is not simple though. Someone who has been here for a brief amount of time, doesn't know what slow means, something that may seem slow to them could be very fast in the crypto world or what seems very fast for them could be small for us. Like a 10% drop could be a big deal in stock markets, when apple drops 10% that is a big deal most of the time, but when you see that in the crypto world you know that 10% is nothing and you should be feeling fine about it for sure. This is why suggesting to take it slow shouldn't really be a big deal, it is not an easy thing. Learning from a mentor could be much better, or doing nothing but just watching could be another way. |
|
|
|
It's fantastic to have a mentor you can rely on and form into who you are today. Mentors are meant to guide you but not walk you through it entirely because it will always be YOU who will carry you towards the goal you have, which will be the challenge everyone will face.
Many people are known to be good at trading and can make themselves appear suitable, but some scammers make it seem that they are making themselves credible first and then scam later. Picking the right mentor should be a big deal, and you should know who you are choosing. Like with a background that's going to reflect who they are, and they will be the one shedding light on what they are planning for the future and how you are going to be helped.
I'm not sure how Satoshi became a mentor because did he teach students about it?
Satoshi wasn't a mentor at all, that is a wrong idea, he was an inventor and that’s it, he just talked about what bitcoin is, and never really how to trade. However, I agree with you that trying to find a mentor is a tough challenge, you could end up with a good profit, or you could end up with nothing at all and a scammer will take all of your money. When you are in a situation like that, investing becomes a big problem. I personally believe that the best thing to do would be to find other people who have mentors and if you see that they are making profit thanks to teachings of that mentor, you could follow them up and make that kind of profit along with them. |
|
|
|
I am really surprised about the strong buyers in the market right now. Every time the bitcoin price drops below 30,000 USD there are buyers in the market to push the price back up on the next day. For bitcoins I am getting price notification if the price changes more than 3% in a single day. For every price drop notification I get a notification that the price is rising again, it's really funny. What surprises me the most is that so many big investors said they would buy heavily around the 20,000 USD barrier, but now they must have switched to 30,000 USD. At the current climate I don't see the bitcoin price to drop any lower.
That is mainly because we are in a world where 30k is basically nothing for a bitcoin. If you found a brand new macbook pro for 100 bucks, wouldn't you buy it? I mean you would even be a bit confused why it is like that and assume there must be something wrong with it right? This is why I believe that 30k is something like that, so all in all I have to say that this isn't a weird thing, bitcoin is not something that should worth 30k right now, or anything under, hence why people keep buying, 40k could be arguable, but 30k or lower is not a good price to be and we should all buy at that level and rich people know this and that is why they buy it. |
|
|
|
If you are aware of the current macro-economic events, it's debatable. The Fed in the U.S. continues to fight inflation by lowering demand through quantitative tightening, raising interest rates, and contracting the balance sheet. In the E.U., it has been recently recorded that its inflation is also high at 8.1%, and would also need their own QT, own raising of interest rates, and contraction of the balance sheet to lower demand. There will not be a "soft landing", but a hard one, forcing a recession.
I believe that with the high interest rate, people do invest into savings accounts in the banks, which mean that they will get a better return, but anyone who knows economics will still stay away from that because they know that what you get from the bank savings account interest rate will usually be lower than the inflation rate, so finding something else that will make a lot more money will matter. If you want to protect your money losing value against inflation then you need to invest accordingly. Hence, all that FED rates and EU repeating the action will mean nothing to the people who know how to invest, and those people will increase the bitcoin price. |
|
|
|
That's just a little research he did but true. There is more cons to it and perhaps the government will do it that way after all they own us. At first I actually doubt that government will have a fair look in developing this sort of technology like the CBDC since its best to just chase what other countries are doing. But after watching what they have been developing like tracking individual's carbon print like what they are talking about in this video, it might really be true that they'd be no freedom to anyone. And It turns out China's CBDC is actually provides more liberty to its people. So it wouldn't be surprising if people will fight back and will prefer to use cryptocurrency. That carbon footprint bs is really just an excuse for more control, no wonder "Green" it's starting to get some pushback, because they push for these Big Brother measures. Whether it's China's or someone else, I'm not very positive about CBDCs. They already have an inordinately tight control on our lives, crypto would have been our chance to decouple from them. The real reason is that they can attack crypto from this point, and that is why they are doing it. There were no other lanes that they could attack crypto, they couldn't find any other methods so this one is "half" truth and they are going to keep attacking crypto because of this. Eventually people will realize that this is nothing at all, we just use energy and not cause pollution because the ones that cause pollution and problems in the world and why it is not green is the people who we get this energy from and not us. But until that moment, since they couldn't find anything else to attack to crypto, there will be some who will use this reason. |
|
|
|
This is a great way to encourage people use crypto to pay for the products and services they will avail. Discounts and freebies are proven to be an effective way of marketing. However, this won't be possible if you'll do it for the long run. Sustainability of this movement is blurred since you'll still have to get profits in order to maintain your business from running. And having continuous discounts and freebies could put your business at risk if you won't be able to plan and organize since the discounts and freebies have their costs too.
Freebie would be a bit of a trouble since if it's free then how could you get people to use crypto. But, if you do discounts or like "pay 2 with crypto, get one free" type of freebie then it may work. But, it is not shops responsibility to make crypto more popular. Like let's say wallmart, one of the (if not the biggest) biggest market chains in the world, if they start accepting crypto, it is cool for us and we can use it there, but why would wallmart care about everyone to use crypto to pay? That will not happen and we are going to just have the same amount of people who use crypto give or take, a few may check it out, but it won't be a major change at all. |
|
|
|
Peeps, seriously everyone needs to pull their thoughts together when it comes to situation like this in the market. After all either market crashes or it goes up and all of us has to do is one god dam thing, you just hodl your crypto tight, either move them to stable coin economy to stop the losses.
You have to take into account that we constantly have an influx of brand new investors who know very little about what is actually going on, and instead of first researching what exactly it is, they invest first hoping for overnight profits. Some will succeed, but most will pay the price for their negligence and haste, although they could have protected their investment by devoting only a little more time to it. In light of recent events, I would not call stablecoins a safe way to store value, as these are (mostly) fully centralized coins that can be frozen no matter where they are located. Technically, $1000 in your bank account or home safe is safer than $1000 in a stablecoin that can become unstable or frozen overnight. That 1000 in your home or bank account being safer than 1000 in USDT is something that not many people realized so far. It is the truth, why would I trust a company called Tether, more than I trust my bank? I trust bitcoin and crypto because I know that there is nobody at the top of it, well there are some altcoins right now which do have creators and CEO's but I do not invest into them anyway. So, when we are talking about something decentralized versus something centralized, I will pick the decentralized one, but here with USDT versus USD, we talk about centralized vs centralized and I would trust my bank way more than I trust tether company, not even close. |
|
|
|
It's really sad what happened to you so we know how you feel now, especially those like you who have also experienced that, I think almost everyone here has been through that. But what's worse is that we don't learn because we can't be content. I admit that that has happened to me a few times but in a different way but the concept is almost the same. The one for me is in NFT gaming, which sent me to FOMO and hype. There is no one else to blame but ourselves unless we are directly deceived. We have nothing else to do but accept and always remember so that it does not happen again and again.
I agree, we all have that kind of situation in the end and there is nothing that could be done to stop this, we can only limit it. I know for a fact that we are going to end up with something that will be a bit more selfish, and hope that even though we know it is risky, we could take the profit during the increasing period, and leave before it's rug pulled and let the bomb explode in others hands. I am not too upset that sometimes it explodes while we are holding it. We deserve it, and we lose money there, but then we learn from it and we get better at it as well, that is how we should approach these things and not any other way, it would be a lot better. |
|
|
|
If the bitcoin price drops below $8k then I will be enthusiastic about taking advantage of this opportunity by buying more Bitcoin.I think there will be a lot of people who will do the same to take advantage of that opportunity if it happens, with a note depending on their financial capabilities. Before investing you also need to set a threshold of money you want to use. suppose you don't have to invest all your savings in crypto. As I said according to the financial capabilities of each individual and do not have to sell all the properties that you shouldn't have to do.
This is precisely why it will not be 8k at all. I would buy too, and the other person too, and the next one, we all would buy, meaning it can't be 8k if we all buy. There will be some super rich people who will put in insane amount of money as well and that will make it go super high. Just focus on where you can buy at the time and do not have "dreams" about buying even lower. I would love to buy it at a lower price but I know that it won't be that low, there will be ton of people who will buy before me and make it higher before it reaches there. This is why I am buying right now, and any other time when the price goes down. That way I will profit in reality, instead of dream about 8k price. |
|
|
|
In the meantime, we know that the Binance Exchange has stopped trading for the time being. New Luna Trading has started. They did not do any kind of banning and they said those who were Luna holders could do as a new Luna Airdrop. The amount will depend on when this Luna was purchased. He assured that all investors would be given 10% airdrop for those who bought after the destruction.
They will basically be giving away something that means nothing, and then telling you that it means something. This is basically the same shit as it was and just painted. There is nothing new about it, and it is boring and it should never be considered as a good thing at all. I believe that we should be staying away from the current situation, I know that it will not be a simple thing, and many people will believe that there is money to be made from it, but the reality is that there isn't much money to be made from it and you are going to just lose. Many will even join thinking it will be a bad idea, but they could get out before losing money, but they will lose too. |
|
|
|
When the market collapses, there there will be panic situation among the investors this is natural. In this case, whales or big investors always try to be safe. Thousands of big investors have lost what Luna did a few days ago. If a stable coin ends like UST, it will have an effect on the market. Investors are now thinking about the same that has been done in the market with Luna. If there is any doubt about any other project, they will withdraw their money from it, this is natural. but I don't think there will be any such problem in Tether.
The difference between whales and us is that they have money they could lay back towards, whereas we do not have that. Imagine a situation where someone makes 30k a year in the USA, that person is a poor person, it would be SUPER rich in my nation but in the USA that is not enough. And this guy managed to work in UBER for his excess time, basically have no life left, and use all of that to buy about 50k dollar worth of bitcoin recently. Same period but we are talking about someone who has 1 million dollars income yearly, and he invested 50k as well and has a lot more left in other stuff. Which one of them would be able to feel relaxed when bitcoin goes down? Simple answer, right? |
|
|
|
African banks can be so tiring and a big problem, should they think of how to reduce the poverty rate killing her citizens, rather than imposing more hectic stuff's, basic requirements are not provided the least Africa barely have access to a good phone not to talk about a good internet access and electrical power. I bid to the people of Nigeria not too fall for that cheap move, money laundering done are not been tackled yet they claim to impose shit.
They are just hear nor there and taking the people for the ride. Now the important things are neglected because they want to conduct election and re-elect themselves back in while the schools are shut down because of payment of fees and whatnot. This is a painful situation in Nigeria that has the resources to make the people happy. They are particular about bringing the youth to a standstill. Jobs are not there after you have graduated from high institution, the youth can't contribute to national development yet the slogan is the youths are the leaders of tomorrow. Every nation has a lot of trouble with their politicians, that is the nature of politics. I mean if you are interested in politics and want to be a politician, then there is a good chance that you will end up with a problem, no regular person would want to be a politician and succeed if they are normal, only the ones who are corrupt will get high. So, Nigeria is facing this issue, the people at the top could be corrupted, I do not know but I know politicians and almost all of them are corrupted, and this crypto deal and how they are approaching towards Naira could be because of this, if they are not making anything, why let it happen. |
|
|
|
You initially operate with an inaccurate figure of 19 million BTC. Immediately you need to subtract ~1 coins, which is stored on Satoshi's wallet. I can't tell if access to these facilities is lost forever or if it's just being stored, but at the moment, this BTC's don't participate in the circulation for sure. Next, you need to subtract the number of coins, access to which was lost forever. For example, due to a breakdown / disposal in the HDD trash or due to sending BTC to the wrong address, which also leads to their loss forever.
They are lost at the moment like if you forget the seed of your wallet or password of the drive there are still chances that they can be recovered and brought back to circulation but we should assume the only lost one's which have been burnt through OP_Return command as they are invalid now.So there are approximately 4 million coins which can be back into circulation if the owner found or remember their password/seeds of wallets. But yes if people are careless in backing up their funds with security then supply will initially reduce as there will be very few mined and it will take another century to mine the remaining 2 million coins approximately. That "lost" coin logic is a bit skewed though. Meaning, if it wasn't in circulation, it didn't matter to the public anyway and it didn't changed the price anyway. Meaning, if there is 1 million bitcoins that have been with someone until today, and that person exists (not like satoshis 1 million) but they never put it in the market, then if that person loses it, that didn't change the price at all since it wasn't on the market anyway. What it does is that the fear of that person selling is gone now, that's it, and that fear may cause some people to invest more clearly and trust it more, but that amount wouldn't be too much so it won't change the price all that much. |
|
|
|
What about the sufferings that whole country will face for 8 years. AFAIK, Salvador start buying btc when it was over 50k and that's the biggest mistake they made. Everyone loves to jump in the boat when market is going up. If Salvador coolest dictator have so much faith in bitcoin then why not he bought btc when it's bearish?
They are buying right now during bearish period as well. You may dislike him, I personally do not know him, I have no idea if he is a dictator or not, I am not very well versed about El Salvador at all. However, from what I can see, only thing I know about him is buying bitcoin. That's what we are all here for, if you dislike bitcoin then you are spending your time in the most inefficient way possible. This is a "bitcoin"talk forum, I would suggest you to find forums or chats of your hobby and hang out there instead of hanging out in a place where people talk about something you dislike. If you like bitcoin however, then why would you not like him doing what we all do? |
|
|
|
Still bad plan on this month after bitcoin down and not reach higher price, I think waiting for next month keep dump plan or back pump plan with bitcoin and altcoin up to higher price. What ever investment kind with new project or old keep the same result and always got bad planning and price dump. Maybe better have to be watcher and waiting about bitcoin or new project for investing until market back to top price and get good moment with bitcoin and altcoin.
We are already ending the month of May, it has been a terrible month. Let's wait for what June would do. However the bad plan is the fact that we are going to end up with brand new projects that we hope will be top 10 when these ones go down, but what if we end up with something not even in top 1000? How could you know that which coins will be the new top 20 coins and which ones will be the next top 1000+ ones? We have no idea about that. If you want to invest, invest to the ones you know that will stay, things like bitcoin and eth and bnb and ltc these are all good and long standing ones that will not go away forever, they will always be there. |
|
|
|
The better choice is buy Bitcoin with DCA strategy, why should DCA other coins? ETH, SOL, and DOT are centralized coins, I don't see any reason why we should trust centralized party when it's about cryptocurrency. ..
A lot of people trade altcoins only for the sole purpose of increasing the amount of bitcoin for the hodl due to the profit received from trading. So such a strategy has a right to exist. Of the OP coins listed, in my opinion, DOT has the greatest potential for growth. I get that increasing the amount of bitcoin you have could be a great idea, but at the same time if you are not holding bitcoin for that, then you are not going to be succeeding. It means that even in that idea you need to have bitcoin most of the time. What you can do is, have full of your money in bitcoin, then buy some eth and sell it back again all to bitcoin, and do that quickly and trade it. Investing is another question and buying alts would be investment, that is how I understood it. So, why would you prefer to do that when you can just simply do something else? That is the way I think, bitcoin is the way to go and it will always stay at the top. |
|
|
|
How do you think China would respond to this crisis? your thoughts please.
One of the things that I see is that China is quite comfortable with this conflict between the parties, and they have an advantage in continuing to grow and get stronger. Perhaps we will soon see the domination of the global economy by the eastern countries, as they are quite peaceful at the moment. Although I am not a fan of China with their surrounding activities, I find what they have done after many years of invasion of the country has been amazing. Surely, they have so much land, and so many people, making those people work extra time and using even more land to produce even more food wouldn't really be a problem for them. As we all know they have a famine in their history where tens of millions of people died, and that was just for showing, and even though that happened and it sucked and it was such a bad thing, it did develop them into a power by gaining them more money in order to reinvest back into the nation. They could use that billion population power into this trouble and end up with a good result in the long run, wouldn't be ideal but wouldn't be a problem for them, totally profitable. |
|
|
|
|
Show Posts
