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building a business is not as easy as we imagine, especially for businesses that are already growing, of course to build just one business you have to go through various obstacles to be successful, and of course smart people will develop their business in other fields, but not everyone can do it, apart from strategy the good thing is of course the luck factor is a way to achieve success, but are we able to think about having a good strategy, on the other hand building a business from scratch will have a better foundation
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Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems. Would love any other users take on this ..
As many other users already pointed out, inflation is one problem that cryptocurrencies can solve but for me there is another aspect even more important: you can send money to whoever you want, whenever you want, without the need to get the permission from any bank or other agency. Let's not forget that many people in the world have no bank account therefore it's difficult for them to receive/send money. With cryptos you just need a smartphone. right, that's one of the advantages of transferring using bitcoin, where effectiveness and efficiency are one of the advantages because of its decentralized nature. on the other hand we can also manage our own savings without administrative costs, it's only possible that the value fluctuates due to fluctuations that occur. but unfortunately this cannot be done massively to help with daily needs, because there is no legalization in my country yet, so it's practical with bitcoin just to make money |
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OP is using terms such as volatility and DUMP.. yet the price for the last 10 days have still remained in the average range of $29k-$29.7k
this is just normal wiggles.. 3% range for 10 days is not volatile, nor dump
Or He do not really understand what FUD means in the market and how this means to affect the volatility because like you mentioned , bitcoin is still holding at 29k and only drops to 28k few days ago but in short period only again recovered to 29 back. though Fud will keeps banging the market but this is not how the effect means. now investors are smarter at understanding the market, which doesn't really matter if FUD is spread, we can see the difference between FUD in 2018 and now, where at that time many people panicked after the anti-climax of the market reached its highest point, it was different with at this time, where even though there was a bearish trend, it was not as extreme as that time. therefore, because we are bitcoiners, we must be good at filtering news so that we don't lose ourselves |
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You are saying this because of the near bitcoin halving that is almost around the corner. Well you’re right, but never expect that everyone will be given the best advantage when bitcoin halving is happening because it still depends on how much you prepared for it.
But I want to correct your wrong analysis based on how you perceived about bitcoin’s journey. 2018 was indeed a bearish moment for bitcoin, same with year 2022. However, 2021 was a great year for bitcoin because its price reached an all time high that time that put $65k as the latest all time high for bitcoin. By 2024, we are expecting a new all time high again, depending on the effect of this approaching bitcoin halving.
Bitcoin's all-time price increase hit 68k in 2021. And I see the four year cycle indicates bitcoin halving in 2024 but bitcoin price doesn't hit that much in that year. But going to the next year in 2025, the price of Bitcoin will definitely increase. Because in 2020 there was halving but in 2021 the price of Bitcoin reached the highest mountain height. We look forward to this future Bitcoin halving and the potential for some good new all-time highs. the four-year cycle is indeed our hope to welcome the bullish season, but we shouldn't be too sure about the four-year cycle, considering that there is no certainty in the market, it could happen before 2025 or even more than 2025, I say this so that we don't feeling disappointed if it turns out that we have to go through a more expensive wait than that. my hope is that at the end of this year biltoin has started a bullish season, considering that at the end of every year there are also those who have confidence that the market will go up |
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indeed AI is currently a trending topic, and of course it still opens up great opportunities to find some potential coins, by taking advantage of the current trend, I don't think a 10X increase is not impossible especially if the bullish season comes sooner, of course there will be many rich people suddenly with the presence of a pump on the coin, but we also have to consider risk, and I think for long term investments I prefer major coins, things like that must also be our consideration in managing finances
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any altcoin lineup can happen, even as previously there was one altcoin that slipped until now, therefore taking into account the risk during the current bearish season many investors choose bitcoin, even though the increase is not as high as altcoins, but the security is better they choose, and only a few altcoins to diversify assets with, such as ethereum and BNB. even so it is not uncommon to choose other altcoins to speculate, but of course with funds that are safe for the integrity of their assets
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at the moment there are still many new altcoins that have sprung up, and of course some of them can increase 10X or more, but it's hard to say for sure, the market seems to be still sleeping and we are waiting to wake up again in the bullrun season. therefore for speculators of course this is an opportunity to research and find it, for investors maybe at this time it is more comfortable to hold major coins in their wallets
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It is not advisable for a newbie to just enter crypto trading without knowing anything about it. Because trading is not as easy to understand as others here think. the lesson here is to research it. because if others rush to carry out trading without enough knowledge and experience because you force yourself to do it, for sure the investment capital you will use here will be wasted in the end.
basically a beginner must have prior knowledge about trading, otherwise it will be high risk. there are various ways to learn trading for beginners, it will be more comfortable if you have friends to accompany you in learning trading, so it will be easier to master the science of trading, you can also learn self-taught from various sources such as books, or videos from the internet. and of course you can take advantage of a demo account to get started before using a real account, it is indeed a long process, in the process we will encounter obstacles that can enrich our knowledge and experience |
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I honestly never tried these copy trading feature by simply copying of what other traders did, I wonder whether it really gives meaningful profits, but I just concerned with the fact that if we just set our own money to automatically follows what the other party decisions are doesn't that mean we could be used as a tool for them to make exit liquidity i think it should be of concern.
after all, its always better making our own decision if we have sufficient knowledge, resources and ability to analyze the coin we gonna invest in.
just wonder if anyone out there has been successful in their trading career by just using this feature.
I am also oriented to the future as you are doing right now, and I crave it. however, for beginners that I have experienced, it is difficult to read the market even though I have learned from various sources. by looking at the way other people transact, at least I understand how they trade, so at least now I have progressed in understanding the market, so copy trading can be useful if we can use it properly, considering that currently there are many beginners who want instant income, and they don't want to develop to do personal trading |
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it's essential to strike a balance between passion and practicality. While passion can fuel your drive, combining it with sound financial planning and decision-making is crucial for long-term financial success. So, follow your passion, but also ensure that you make informed and responsible choices to maximize its potential impact on your net worth.
This is like hitting two birds with one stone, and I would say you must be lucky if you've done both, because in reality you can't unless you've got luck and work hard to achieve it. Like right now, people have a high salary but still don't like the job, or they settle for less but are enjoying their job. Also, right now is not a good time to be choosy, as the unemployment rate is too high and there are still a lot of people who are finding jobs, which is a lot these days. in an era like today, making peace with circumstances is very necessary so that it makes our minds and souls calm, everyone has their own problems, such as even though the salary is high but they don't like their job, or even vice versa, therefore, accept what we have gracefully this and of course trying to do things according to what we want, of course that's what we expect, and don't have financial problems, therefore everyone has their own way, but in essence all goals are the same |
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even though it has abundant natural resources, but cannot process or use it properly, it will be in vain, or it could be worse if the government in power is not clean, then it will only become a source of personal wealth managed by other countries. therefore the level of education is very important to be able to utilize natural resources so that they can be useful for the prosperity of the community. the same is the case in my country with a corrupt government that makes people suffer, especially since foreigners control these natural resources with the permission of the government
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income is indeed the main factor for people to become rich, but besides that financial management is also very important to manage income so that it can be in accordance with the target, on the other hand lifestyle affects our financial arrangements, so that a simple lifestyle can be applied, so the remaining income we can divert it to invest or carry out other business activities, I suggest that diversification is needed, because we do not know every business whether it will always be successful or not
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As long as fiat remains the main currency of the world, getting a salary in bitcoin or any other cryptocurrency will bring more disadvantages than benefits. I will decline if my main job is paid in bitcoin, I don't find it as interesting or convenient as many people are saying. Even I believe that even the salary we earn on this forum, many people will convert it into fiat as soon as payment is received. So, what is the convenience of getting a salary in bitcoin here?
We take our salary in fiat and then invest in bitcoin as much as we want, that's been going on for 14 years, and has anyone experienced any inconvenience?
Many on the forum understand the potential of bitcoin and will hold it, there are, of course, those who will cash it out and use this money, this is everyone's choice. And if you received a salary in bitcoins, then you could also exchange them for cash and there is nothing difficult, but the money that you can afford to save will immediately remain in your wallet in bitcoins, and I think this is very comfortable. I would not mind at all if I could receive a salary in bitcoins at my main job, because I see only advantages in this, I am much calmer when my funds are invested in something more reliable than fiat, which is subject to inflation. if the salary base is based on fiat, I don't think it's a problem, so every month we will earn different amount of bitcoins, because if monthly salary is based on bitcoins and we earn bitcoin amount every month, it will hurt us, because the bearish season lasts more longer than the bullish season. but to be honest I'm more comfortable with the current situation, we get fiat salaries, and we can invest as we wish in bitcoin, because after all fiat is recognized in our country, and all payment transactions use fiat in my country |
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as we know today btc is in the range of 28000, and i was very lucky to be able to buy btc when the price was still low, and now if i sell it i have a profit but if i sell it now i'm afraid i won't be able to
buying from the bottom again,, and I'm currently struggling to hold btc so I don't sell it,
I want to ask if you also keep holding btc?
and the reason I hold btc is because I believe the price of btc in 2024 will be high and there will be no more btc prices like now.
i suggest don't be too sure in 2024 BTC will have a bullrun, it could happen more than that year or it could even happen this year, no one knows about it. I'm worried that if we expect it in 2024, and if it doesn't happen, then we will feel frustrated and end up hurting ourselves. but i agree with you its better to hold, because we don't know if we can buy at a lower price after this, hold until the bullrun comes, and that's when i think the best time to let it go. |
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~Snip~
Parents have a different point of view in teaching something difficult to understand to their children, some parents want their children to know Bitcoin from an early age by adopting a different way. Knowledge about Bitcoin needs to be taught correctly so as not to create different perceptions or use it in the wrong way and ultimately cause losses. It should also be noted, learning about Bitcoin cannot be done by just watching cartoons, good analytical skills are needed to understand how to invest in Bitcoin the right way. I admit Bitcoin has been considered a very promising investment, but before teaching your child about Bitcoin which is very complicated, you should first instill the mindset of the importance of managing finances in a simpler way. There is a certain level that children need to understand something more complicated, it takes a process for them to understand knowledge depending on the level of complexity. to learn about bitcoin, I think it must be adapted to the psychological development of the child, because of course this will greatly affect his success later. small children, of course, are only taught the basic knowledge, it will be very risky if taught how to make money from bitcoin, because we, who are adults, still have difficulty controlling our emotions, even though we are already established, therefore teaching bitcoin in a coherent manner is a wise idea according to me |
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I think for the first time in trading a novice trader would be better if he has a friend who is familiar with trading beside him, so that at least he can lead him to introduce him to the world of trading. the use of indicators is an important thing to know at first, because with indicators it seems to be a stick for the blind, but not completely the indicators are always correct, so we have to be able to respond when the indicators don't work. and after that we get a feeling about trading, and it's as if we can talk personally with the chart
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I have been referred to join some signal groups but considering how everyone is claiming to know almost everything about Bitcoin trading which they did not, resulted in many people losing their money because of Crypto signal groups, where they put almost all their money thinking the signal is a sure, little did they know they were making a terrible mistake.
I could remember a Bitcoin signal group I joined, as someone that has less knowledge about trading and how sure the group signal works, so I decided to sit back and watch how the trade will work, on the contrary, it moves opposite direction and that was not the first time, what they normally do was to get some screenshots from other successful traders and posted on there telegram group to draw more attention so people could pay before joining. Though from my findings from other traders, I was able to deduce that not all group signals are false and that most times it works exactly the way they predicted and most time reversal.
So what do you guys think, let's share knowledge.
Don't fall victim to these groups promising to send signals while in the end, they are only interested in taking your money, yes there are legit signal groups out there but are few, and they charge a huge sum amount of money for their signals. If I may suggest, you should avoid trading leverage or future trading because I guess that is why you are looking for a signal group to buy Bitcoin and HODL. However, if you want to engage in Bitcoin trading, the best is to trade yourself and don't on someone else's signal to trade. indeed trading alone however will be better than following signals even though it is a premium, but for those who are beginners it will be difficult to start from, and of course by looking at the signals provided it is a learning process, and of course it uses initial capital, with big risks. therefore setting aside a little capital to start with so that later he understands more and can be creative to find his own trading style. at that time it was indeed the most suitable to place most of the capital to buy bitcoin and hold it until the bullish season was gone, but learning short-term trading must also be started to get daily income, and one day we will surely reach that point |
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. Some of my friends sell their bitcoin to follow the moment and entering on XRP. I know it is such, Because indirectly dumps bitcoin price, but the funny thing is he's back to bitcoin when XRP go down back. So that circle always spinning around without adding the volume market.
your friend wants to get quick profits from what happens to Altcoins. unfortunately, if the decline occurs then your friend who returns to Bitcoin must suffer a loss. Your friend was too hasty when he wanted to sell his Bitcoin, and clearly, he did not have a good investment plan. if you want to get into altcoins in a few moments that occur. it's better to use other money, never convert Bitcoins that we already hold to altcoins in the hope of getting a pump quickly. the moment that I have used so far is to place in bitcoin most of the capital I have, and for altcoins I do use it to diversify into several altcoins with smaller capital, when the bullish season arrives I will sell bitcoins and place some of the profits in altcoins that have not yet had a price reaction, but potential in my opinion, because sometimes bitcoin and altcoins move simultaneously. so for a bearish season like now I think placing most of your capital in bitcoin is the best choice in my opinion, and it seems unwise to sell bitcoins just to buy altcoins at this point |
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Even if ETH doesn't move to POS and doesn't have a burn mechanism, it's still a top altcoin and worth investing in. I don't think supply is too much of an issue for ETH based on what it brings to the market, keep in mind its potential and value are huge before it even has a token burn mechanism. But for comparison and as an alternative to bitcoin, both are not worthy because bitcoin is unique and no one can compare. Bitcoin's decentralization creates an unmatched security that no other altcoins can match.
Yes ETH is a promising project and maybe will be top of altcoin for long time since the chain can handle the smart contract and everyone can make their token there make the Ethereum is best altcoin in my opinion. Tho of course it will not replace bitcoin, because bitcoin would be still king of crypto as good as ETH is, I think it is difficult to replace bitcoin, and ETH will still be the king of altcoins, even though one day it can be replaced by other altcoins, but for now it might last for a long time. it is different with bitcoin, it seems that it is impossible for anyone to be able to shift it because bitcoin is a reference to existing cryptocurrencies. therefore for the bearish season the best investment that has minimal risk in cryptocurrency, is bitcoin |
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