If it does get to that price, which it will I firmly believe so, you can brt your sweet bippy I'd ball out and enjoy my earnings. Prolly treat the girlfriend to a nice dinner and all that.
As for my financial plans for when bitcoin reaches $100k, I'll keep a good portion of my investments in bitcoin in case it continuously increase like it did back in 2020 when everyone thought bitcoin was done with 30k. The rest I'd put on some real estate, as well as a couple of other commodities that I've been meaning to get my hands on. Still got long ways to go tho, and botcoin wouldn't reach $100k all by itself so cumulative effort is required if we are to even wish to stand a chance at getting in such a high value.
I don't really want to rain your parade with your girlfriend, but we're way too far for 100k still. Maybe if Bitcoin is around 50k at these times then we might predict so. I don't want to be pessimistic as possible, but we're still around 30k just like you mentioned. Maybe the next halving which is next year could be the ride to that. $100k a big price milestone is likely to be reached on the next ATH. An optimistic attitude towards the price achievement at the next ATH motivates those of us who are still holding on and still trying to add to our numbers before then. When that milestone comes with a price above $63k or below $100k, I will let go but not 100%.
No amount of speculation can tell when that time will come. Therefore, make Bitcoin a long-term investment with a good plan and strategy because storing Bitcoin for a long time will not reduce its value.
We probably need another ATH before we can call it $100k prediction. 64k was like our last ATH and that was like couple of years ago already. In the meantime, I would do a bit of long-term hodling but still selling at the same time whenever I need to. I won't bring the money to the grave anyway.  |
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One cannot rely on a single job these days, you need to venture into another side jobs where your skills can still be useful and may bring additional income for you. The more income you gained, the bigger chances that you become financially stable, and the higher chances that you will be able to save. Saving could be a lot of help so you can prepare in any circumstances that may come in your life unexpectedly. If you have emergency funds, you will always be confident that you won’t struggle in your finances once unplanned expenses or financial emergencies arise.
Yeah, it's kinda sad reality these days. On the brighter side, there were more opportunities that opened for people to still somehow have flexible time working and still pull some strings during these fuckery prices of commodities. I partially still offer freelancing service when I have the time, but considering the my 9-5 kinda demands my whole day is but still pays really well is something I could get away somehow. I kinda disagree that the more income you gained, the bigger chances that you will be confident that no struggles will come. In 9-5 jobs, the higher income you gain, the higher responsibility you might encounter and that might mean that you would encounter high risk tasks. This is why in software dev, I just usually stick to the technical side instead of managerial. 1. Have more than 1 source of income.
- Like OP said, nothing is promised. The more income source, the better.
Nowadays, in a family of 3-4 people, having only one source of income especially when you're living in an urban area isn't enough. Maybe it is enough if you're living in a rural area as prices of things there are cheaper, but having one income source on a family isn't enough at least for me. That income source will just go into the needs of the family. Where is the savings? Where is the emergency funds? That's why having multiple income source would be better than having only 1.
I believe we reside in the same country, the Philippines? If you've been around Taguig City (specifically BGC), even by living alone, it's quite hard to live there considering the luxurious life there. Hotels and condos everywhere. I was planning to relocate there before, but meh. |
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True. There are a lot of avenues now to learn in bitcoin, it’s just that people are lazy to make their efforts to learn. Instead, they chose to trust crypto influencers and expect quick profits like what these influencers have promised to them. They lose their capital in the end. If newbies will always have stupid mindset like this, and will always be motivated by greed, then it will only increase the number of crypto influencers around. That’s the reason why new investors should never be encourage to come in the market without having good education on what investment they plan to enter. Otherwise, crypto influencers will keep on benefiting from them.
Although to be fair, it is kinda expected that profits are going to happen when an influencer says it. It brings hype and therefore makes people to buy causing the demand to go high and... well you know what's next. Price increase. People are just overdoing it causing for them to lose money. Just because something happens once does not mean it can happen again. I can still recall the times when Musk was like a hot topic in here. We still got some news from him somehow but the hype is just not there anymore. In the long-term, it is just not worth it to be honest. There's also a group of pragmatic traders who follow them i.e. to get early info on what shitcoin can pump soon, or to get a gist of what's the currently dominating mood, You might not like them, but if they have millions of views (probably not anymore though) then they do have an influence on the market and on shaping public's opinion.
ps I love the paradox of the vast majority of people not considering themselves to be "normies".
I am starting to think that there are social circles revolving around these like it is mass doing these kinds of pumping. |
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You know in truth there are still other influencers who teach correctly in crypto trading according to my observation, and here in our local there are other influencers who teach a simple tutorial about trading.
Although I also don't deny that most people don't really detail what the right steps should be taken by a trader in the crypto space.
Well there could still be some. Not a crypto-influencer nor something I am promoting, but back when I was day trading I used to watch Crypto Jack to learn how to trade in Binance back then. Didn't really worked out for me in the end since I was emotionally exhausted. Again going back, I would still take every crypto influencers words with a grain of salt. I ain't worshipping someone just because s/he has plenty of followers. It's way too much to just take followers as an indicator for the truthfulness. I have a lot of thank you to send to some crypto Influencers, they are the reasons why I learned to sniff the difference between a project and another, some things don't matter to me before, like how many holders a project has, how many coins are in circulation and especially the market cap of the projects, lol, all I used to care about is the chart but thanks to those videos I watched, many crypto influencers don't know much about crypto and some are doing it for money but not all of them, some have something good you can learn from them.
You might need to take a step back there, mate. It is still better to "sniff" by your own instincts not because someone else told you to do so. |
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Yeah, you know that these days where everyone would think of you as wealthy when you mentioned that you're just hodling Bitcoin without specifying how many. People gotta admit that they wanted to brag sometimes, but at least brag it to the right people. Strangers don't give a shit on how much you hold and that's either a bad thing or a good thing for you depending on the outcome. Hell, I don't even mention to some of my family members that I do hold Bitcoin. Good thing there ain't $5 wrench attack happening in our family lately, lol. Do you think your wife, son and your most trusted family members aren't live in the same house where you live?  Yes you can share your private key on the family away from your house, but you should need to remember if it's will increase your coins will gone since you're trusting your wallet with many people. This mean, you have many way to choose to safeguard your Bitcoin and to pass it. Either you get scammed by your family, the criminal rob your coins etc. This kinda depends on how much you really trust your family members though. I do trust some family members, but not to the point that I am willing to give them away money. Even though here in Asia, there is a toxic (kinda) culture where breadwinners kinda gets broke due to being family-oriented even when it comes to money. |
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Trading isnt really that a get rich quick kind of thing because it does involved skills and knowledge when dealing up with it, if you arent really that good enough on this then expect you would really be having
that kind of outcome or results which isnt something according into your likes but of course it would really be just normal that you should really be that versatile or would be able to adapt and make out
adjustments if you wanted to. We should really be having that realistic approach on to this because if you would really be having those expectations then you would
likely be comitting lots of errors and mistakes along the way which we should really be needing to avoid on the first place.
Let me tell ya that if I had continued to day trade before, I would have been homeless until today. Trading is not meant for everybody and I have been telling people/users from that. It's perfectly fine if you're a hodler or do other strategies in trading crypto. It never was meant to be a "get rich quick kind of thing" like you said and in fact, it could be "get broke quick". Some people are just really gifted to do these kinds of things. HODL if you can only afford to HODL. Why does a reputable media like CoinTelegraph call meme cryptos ‘stocks’? Is Dogecoin or Shiba Inu a stock? Of course not. Even security tokens and equity tokens can’t be called that.
Considering how popular meme coins became, I am not surprised anymore that they were called "stocks", lol. |
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I recall some good old myths before that technological devices do have their own set of time where they just don't work at all so that companies would be making you buy more from them. I still have some flash drive here in my stash that I usually just use to store some "low-priority" files that I do not mind losing. They ain't meant to be fool-proof even if you buy those reputated brands like SanDisk. I would never ever rely my access to my own Bitcoin to something that could fail at any time. Hardware wallets is like another form of investment that I would be willing to risk my money into. Writing in seeds would be the cheapest but quite secured of a way to store my recovery seed just like yours, but floods are kinda ass sometimes. Maybe storing them in a safe in the attic would be the way? |
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They may not be regretting it, at that time when they sold their bitcoins, I am sure that they were not really concerned about the price it was sold, they were just happy that they could sell it, and someone bought it. They do not sell all the bitcoins they had, just some. The fact that someone could buy would have encouraged them to get more.
Exactly! I mean nobody even knew that it would come at this point of time where Bitcoin would be around thousands per coin anyway. I am also sure that Martti didn't really regret that Bitcoin sold, unless someone can link me an interview of his thoughts about 14 years from that time. People are seemingly forgetting that inflation was still quite a bit tame that time if I recall correctly, so that price ain't really that bad. I wouldn't regret it also if it happened to me as well. I wonder as well on how many OGs are still here holding thousands of Bitcoin without getting locked up in their wallets or even forgetting that they were holding a lot. I couldn't imagine though. You need to realize that if it wasn’t for those selling Bitcoin at such a low price then Bitcoin might of not had the same success as it did.
Looking back the Pizza was a bad deal however it wasn’t the point. It basically proved that Bitcoin has a purpose and can be used to pay for transactions. And after that it become more and more popular. And shortly after it was used to trade goods and services.
Well I can imagine some people that would be looking to buy a fraction of a Bitcoin so desperately these days if that was the case. Considering that even fraction here in my country is quite pricey already. |
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I will definitely go for a business, I have to be self employed then I will back it up with crypto trading, am not really the type that really like government job, I don't like to be controlled, I prefer to be the boss, but I can't leave cryptocurrency, so even if am running any business, then I will still be trading and I will be investing in bitcoin.
As much I also wanted to be in business and trade crypto at the same time, I wouldn't leave my 9-5 work if my business is still like in its growth stage. The pride of not being controlled or being your own boss, just like you said, has its own downsides. Once your business starts to show failure, assuming you only own a single business, your chances of being broke just snowballs in an avalanche. It's kinda scary getting broke these days considering that inflation is an ass. It's not a matter of being controlled or being your own boss, it's about being financially stable. There are still 9-5 works out there that still offer flexibility even if you work under someone just like mine. Corporate jobs aren't that bad at all, but I guess it depends to a lot of people. Another thing worth mentioning is that these days, you almost need to have another source of income so I guess that's where crypto investment/trading comes into place, I guess? i prefer to focus on things that provide better income,, it can be business or trading,, because according to the fashion that I have that I don't like being under other people or sitting in an office for 6 full days, I can't imagine living like that .. if I do business or trade, it does give a burden on my mind that is no less heavy, but at least I can work freely without the need to be regulated by people and focus on other things that can increase the value of myself,, and that's the life that i want.
Not all office works require you to work for 6 full days. Even after our RTO policy, the office days still remained 5 days with offered flexibility wherein everyone has the choice to at least work from home 2 times per week. This kinda depends on the field though. If you really love what you're doing, then sit shouldn't really matter that much. |
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There will still be users and marketing campaigns for sure, however, they will turn into older practices. For instance, bumping, fake reviews, and spamming links services.
If only signature campaigns are removed, but users still can bear a private signature, some will still post to promote their own sites.
That said, removing signature capabilities altogether will demolish any incentive to post -> less traffic -> less valuable domain name.
Signature space is a good way to monetize our own content, i.e., posts and threads. Removing it will make us generate content for free, and I believe many people here don't want to spend enough effort for free, so the spam count will be higher/post quality will be reduced IMO.
There would also be scums trying to still post futile random loan request in the Lending section as well as just creating new services in the Service section even if they were already got tagged before (tag evading). I feel like bounties removal would significantly reduce more of the traffic rather than the SCs alone although I can see SCs still in Bounties, but considering we're seeing a lot of POA posts from people, surely that would affect more. I also agree with your "signature space" point there. Users are forgetting that signature in our profile pertain on whatever we're trying to show to other users just like those email signatures that we see. The case is different for signatures under bounties and altcoins because the manager doesn't usually remove participants for underperforming or even look at the number of merits earned. Some managers actually warn their participants regarding post quality, but it doesn't give them enough reason to remove them. Which makes the participants continue doing their sh*t posting, provided that they count it.
Yeah, they just count the posts of their participants into stakes from my experience like 3 years ago. This is why it's kinda worse in the Bounties section rather than the Services section. I am not saying that all are really bad posters in the Bounties section and all good posters are in the Services section though. There are just way many users posting in Bounties rather than in Services section. |
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This topic is interesting but I think digital Bussnies is nothing to do with Bitcoin. Some people think if they are in crypto then they are making money but this concept is wrong because with Bitcoin you can't really make money directly except, (For Trading and Mining). Most people don't mine because they can't afford the energy consumption costs and they can't afford the Machine. So in the future BTC has nothing to do with the youths earning power.
Well the reality is that investment from it gives you the way to earn money so that's that. It's like the usual stock exchange just without the authority and quite a volatile price that a stock trader might be shocked. It's not really a wrong concept, maybe looking into Bitcoin as a way to earn money is the one that is kinda wrong. For mining, it's not just the energy consumption and the RIGs that makes people not to mine but also the spaces to do these mining activities plus the regularization. Setting up a mining farm is like building the same rig over and over again and I believe a proper ventilation in tropical countries like mine is going to be a pain considering that it is even a summer here. Youths definitely have an opportunity to pursue learning more on how can they be able to utilize Bitcoin in the future and how these branches like Mining, trading and investment would change over the course of AI changes that is kinda kicking ass these days. |
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It's important to remember that with freedom comes responsibility. Without a boss or structured work environment, it can be easy to become distracted or lose motivation. It's important to set boundaries and establish a routine in order to be productive and successful in a flexible work environment.
It's not only just that. Coming from my freelancing experience, another cons of having that kind of "freedom" is that you will have a non-stable income and that might not be great for those who have a family to feed. Sure flexibility happens to be there, but people should still consider that they would need money at any time. If your trading experience gives you almost equal to your "9-5" job and you're already exhausted, you might consider just going back to your 9-5 work for stability and peace of mind. Back when I was freelancing and day trading, there were weeks of drought and you're just going to be stagnant for a while and that kinda sucks especially if you have bills to pay |
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You will be stressed when investing in bitcoin because you are not ready or do not fully understand it. But once you understand everything from the benefits as well as the risks you face, you will never feel stressed again. Don't try to distract yourself with those things, it's better to face them and find a solution, then you will feel more confident with your investment.
Like me, when the bear market came, I was so excited and even wanted things to fall even more, bitcoin fell even more because I knew it was a time of opportunity, not a time of fear. Honestly, bitcoin spike makes me unhappy, I want bitcoin to drop to 10k or maybe lower that would make me happy because I can go shopping super cheap.
Adding up to what you just said, how about invest what you're willing to lose instead so that there ain't no stress going to happen. People tend to invest into something that they just know that they can earn from it, but they seemingly forgot on the what ifs. About the bear market stuff, it's kinda funny that people see that as a threat instead of an advantage. I guess with that we can see the people who just didn't have the patience at all therefore panic selling. It's the "Great Filter" all over again, lol. Yes, Investing in Bitcoins can be very stressful, but it is important to remember that fear is just another emotion, such as excitement or greed. One way to deal with this is to distract yourself with other things and only invest what you can afford to lose. That way, even if the price drops, you won't lose any sleep over it. It won't be long before you start to see the fruit of your investment, so my opinion on that is sit back, relax, and let the market do its thing.
Distracting yourself away from the thought of losing your money is quite difficult if you would ask me. Just keep it that what you invest is what you afford to lose so that you won't have any extra steps or even visit therapy after a month. |
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I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
Well you already told him the risk involved. It's entirely up to him whether he would trade or not. Not sure how Binance handle unverified accounts these days, but I would suggest to not verify the account of your friend first so he would at least test the waters if trading would be really for him as trading is not really meant for everybody including me. I had my horrible experience trading, although I learned a lot. It is just way of a mental stress for me to handle. Not sure why would you feel uncomfortable about it, you already told him everything he needed to know before attempting to do trading. I don't see any harm in someone who introduces or provides advice about cryptocurrencies to someone who decided learn. sofar you don't collect any money from anyone, I don't think anyone will accused you of being wrong, whether you teach someone short trading or other in thing in crypto industry. But if I were you, I would advise that your friend to start by learning the fundamentals of the cryptocurrency industry as a Newbie to the system. Starting out trading as newbie in crypto industry is not always a good idea, and if he or she is motivated to join the system by the profits others are achieving, I would simply suggest that you tell him/her to purchase Bitcoin and hang hold it for a while in order to be on the safer side of the cryptocurrency market.
This is also worth mentioning considering that OP didn't really collect any money from his "friend". There were no other projects involved. Another thing worth explaining to your friend is "why Binance over all other exchanges that you told him?" Surely he would be confused on why you chose Binance. |
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Yeah kinda confusing when I also read the one you quoted, but I think what he meant was that he could still earn through investment and signature campaigns since back then he still did not have any "reliable" source of income. I would not really rely too much in cryptocurrencies even in Bitcoin when it comes to financial stability. There's so much volatility going on to just feel comfy to it and get stable. It would be appropriate to treat it as another source of income instead like along with you "9-5" job, you would look into your earnings and losses. I've been doing the same, fyi. I thought am the only that has noticed it, I don't know that am not the only one that has noticed OP posts.
It's possible that OP's trying to just learn through questions/threads although I would advise the OP (JamesBorn) to keep the posts minimal and just search the question instead in here since I believe there were already plenty of posts like these. I've been seeing the same OP, ngl. |
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Investing can also be trading, depends on the timeline we’re talking about.
What you should be more focus to is to increase your knowledge about the market, and know if you can do trading or you prefer more to become a passive investors. I prefer more long term investing, but I can do trade as well though recently the market seems not in favor to my decisions and that’s why I stop trading for now.
Although you're right there, people perceive investment as just purely hodling and not really trading anything especially with Bitcoin. It's usually synonymous to long-term investment while trading is like either quick investment or short-term investment specifically like doing day trading where you treat your coins as your 9-5 job inside an exchange you're currently holding your coin. I do also prefer long-term investment like you although I do not trade anymore since it is not really for me and having to stare at the monitor and charts for almost 8 hours with breaks would drive me insane. I prefer holding bitcoin because I don’t want to be among people that will regret why they didn’t accumulate bitcoin when the price was still low, but holding a coin is not really a easy task, you have to be dedicated and you should be able to control yourself. I also trade so that I will be making little money to sustain myself.
People commonly have the misconception that they want to trade as they wanted to earn profits daily, but ya know reality sucks and it doesn't work that way, lol. I also prefer holding just like I previously mentioned to my reply here. |
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On the other hand, we also can't just be hooked on that, especially now that social media activity can also be manipulated, even seeing that several accounts with verified and large followers can also be used as a means of actual fraud for now.
Promotions in social media are like random. You never know who's paid just to gain exposure for the project and who has the pure intention. It is just a matter of use case and doing somehow a Github repo peek in their project. Surely you would see how many contributions were made within a month or how commits were made in a particular day. Considering Twitter already had blue tick icon, it might help investors know which are pretty legitimate and which are not but it's not the only indicator of knowing if it is a scam or not. It would be just a cheap subscription for people in a first world country anyway. This kind of knowledge is really hard to share unless you already read some topics on the scams and accusation board. you will see some traits of scam projects there and also some certain persons and you will gonna know how they execute their scams and lure their newbie investors into investing in their projects. You might not want to be in the same position as them because they lose huge amounts of money believing in some sweet words from influencers that were feeding them some false promises and fake news.
Everyday there would be always newer ways for those scums to scam people, so I won't just rely too much on other people's Scam Accusations. If the project isn't mentioned in the Scam Accusation, I would remain skeptical to the project regardless. |
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What class of an investor are you?
I am neither any of these to be honest. If I may even add to that list even though there's an attached link in the OP, I would consider myself "Chill Investor" as I am just that investor who would just leave a few dollars to Bitcoin then just call it a month or even a year depending on my personal goal and my time constraints. Back then I was like a day trader but I won't go back to that ever again for various reasons. I was also like a research investor when I was learning altcoins, but then I quit when many ICOs ended up a scam in 2017. Also, I would like to point out that not long ago, I thought that the ponzi scheme investors were relatively rare, I assume most of the people who participated in those scams were unknowingly victims , but in reality there are a lot of participants who get into them fully aware that it is a scam and only seek to time their entry and exit to profit off the losses of others. Crazy stuff. Some are even delusional enough to convince themselves that they are getting money off scammers, instead other people like them.  They're indeed more common than you think. It's just that people won't admit that they're also participating in MLM. It's quite common here in my country even outside crypto like one of those recruiters for their projects would reach out to you that you just don't need to invest that much to earn by a certain amount. Quite tempting, but you're screwing yourself in the end when you do give in to the tempting offer. |
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Why is it that bad news always comes in a bear market and when we are in a bull market, all bad news about Bitcoin vanished? Are they doing this on purpose? It's always the bear market, after halving everything will disappear and some bans will be lifted, and so on...
Not an OG, but even outside crypto, these kinds of news are always happening. What's the point of all of this? It's simple. It is to get clicks in their articles as well as gain reputation. Like others mentioned here, it's the usual journalism that you can even hear at your live news and this is why I am never ever going to be a journalist. You would hear plenty of times on how many times Bitcoin already died and see those news disappear but still get cemented in Bitcoin Obituaries. User tranthidung linked a good site for what I am talking about. Actually, all bad news is still there in the bull market but because people are hyped, the bad news sink and disappear is self. When I look at ATH a couple of years ago, I heard several bad news appears during the bull market, but all people didn't talk about it on Twitter or any Social media, then, no need for a long time that bad news is disappearing itself. This means, all the bad news is always there, and it's not making for any purpose except for FUD.
It is just a simple statement that it is a great news for those who held Bitcoin for so long while it is a bad news for those who are still looking to buy their sold coins back. Twitter is still somehow a good source of news if you read with.....moderation. |
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...and I don't think you need to be addicted to investing money, and I think we need to have the right approach. Discipline, consistency and patience is something you should have and once you are disciplined in spending, saving and investing it will automatically become a part of your life and start small first.
Well addiction from the word itself is already a negative even if it is done correctly. Addiction to investment is kinda concerning if I heard any stories (even fictional) since it means you're kind of continuous in throwing away your money and that's not even a good thing even if you're knowledgeable to investment. It's almost not that different to any forms of gambling known to man. Even with such discipline, you're just asking for homelessness and debts if you're addicted to investment. I guess passionate is the best word to describe a well-balanced enthusiasm with these. It would be a lot easier if everything is made in moderation. Though of course I understand that your 'passion' currently is burning, it will also be a a hard feat for you to chase all of the losses you might incur in a lot of your investments. Take it easy, learn to read and wait before making another position. In the long run, it will be the most profitable thing you will be doing as it will lessen your positions, lessening your risks, and limiting the amount of $$$ you can loss.
Slow it down, pick a few coins, and get familiar with their markets. That's what I am doing currently and I'm posting good gains. Not double digit gains per week, but still something significant.
It's just like drinking moderately to avoid being drunk 24/7. There would times of being burned out from these passions regardless of the hobby you're in. This is just like me when I was learning software engineering. |
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