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381  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Gold, land which better? on: October 17, 2023, 12:31:35 PM
I got into Bitcoin as a college student though I am not involved in earning yet but I have a lot of interest in Bitcoin and I am planning to hold Bitcoin. My father is a Malaysian expatriate. He receives a salary of $500 per month and sends $400 per month to support my family. I collect all the money from my father's salary and spend it for family support. Recently I have made a plan to invest a certain part of my father's salary remittance in Bitcoin but in this case I don't understand whether it should be invested in Bitcoin. I paid attention to invest in bitcoin seeing the popularity and future importance of bitcoin but my father and mother from my family have no knowledge of bitcoin so they keep persuading me to invest in bitcoin.

My parents thought that bitcoins that cannot be seen or touched cannot be an asset. They think that investing in physical assets such as gold, bank deposits, land etc. is more profitable than Bitcoin. But even after I convinced them, they are not ready to invest in Bitcoin. They don't want to believe in virtual currency.

Right now I want your important advice on how to convince them.

So, if my interpretation is true, it appears like you are reconsidering dedicating a portion of what the Father provides you each month to invest in Bitcoin. That's why both of your parents are still skeptical of Bitcoin.

Perhaps you are thinking that if you go ahead with what you are doing, your father will be furious. Maybe that's what your father is sending; simply chop a bit and set it aside for Bitcoin in the interim, and keep it a secret from your parents. Because they won't understand no matter what you explain because it's still closed.
382  Bitcoin / Bitcoin Discussion / Re: Newbie Crypto Advice on: October 17, 2023, 12:19:05 PM
Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

At that age, I don't think it's necessary to PM you privately. The advice you can read here in this section that you think is for the betterment of the money you get, the most correct and best for me, so you don't have to worry about trading, is to hold it for a few years or long-term, and all you buy is Bitcoin.

So that you don't have a headache, that's all you buy. No matter what others say, you should not try another cryptocurrency just in case you just focus on long-term Bitcoin investment.
383  Bitcoin / Bitcoin Discussion / Re: I am 19 years old boy living in South korea. Please give me an advice on: October 17, 2023, 12:06:03 PM
You know if it doesn't affect your studies; continue with what you plan to do. When you started that, you even beat me by chance, to be honest. I am not able to spend $100 every month to buy Bitcoin or other cryptocurrency, but you are blessed but not lucky.

But if it interferes with your studies, I don't think that's good, and if your parents find out about it, they might have a negative view of Bitcoin or cryptocurrency.
384  Economy / Economics / Re: Global markets brace for fallout as Middle East tensions rise on: October 16, 2023, 11:43:41 PM
The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.

Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to "demolish Hamas" as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation.
Source

From what I have seen in the news today, it seems to me that Hamas is becoming desperate in their fight against Israel because it is encouraging other countries that hate Israel to attack, and it can be said that this leader of Hamas is shameless and heartless. He really doesn't care if there are sensitive, innocent people in the country he is in charge of.

And from what I can see, other countries are not listening to his persuasion either. But I really hope it doesn't reach our country, even though we are far away from there, so I hope it doesn't affect our products here. You know what war is like when it really has an effect.
385  Economy / Trading Discussion / Re: Do you still advised more buy and store? on: October 16, 2023, 11:27:56 PM
In these times and possibilities, we should even go double time to accumulate because the halving of next year is so fast, so if there is a chance to acquire, do it immediately as long as it does not effect spending on a daily basis.

This is not the time or season to sell if you feel Bitcoin will be worth $100,000 a coin, because the value of each sat is important to you as a Bitcoin holder, right? Would you sell it knowing that the price is still lower than when you got it if you knew the value would truly increase? Isn't that obvious?
386  Economy / Economics / Re: If USA Will Be In The War - Government Can Confiscate All Bitcoins + Blockchain on: October 16, 2023, 11:17:16 PM
Before Israel - Palestine conflict, I did not even consider such a possibilities ( USA is sending a second aircraft carrier to the eastern Mediterranean ).
What if USA will be in the war in future or any international conflict that can lead to the war - USA government can confiscate Bitcoins with USA based blockchain nodes + exchanges + online wallets for war expenses. There are already 19 millions mined BTC worldwide, so this can be real war budget booster for weapons and other expenses. USA currently also has $33.54 trillion in federal debt, so if there are such international conflict, mined Bitcoins seizing for war budget can be really on the White House decision table.
Washington already owns more than $5 billion worth of seized bitcoin - https://www.forbes.com/sites/michaeldelcastillo/2023/06/16/us-government-owns-way-more-bitcoin-than-any-other-countryso-why-arent-they-selling-it/?sh=d18b8d81f32a
List of wars involving the United States - https://en.wikipedia.org/wiki/List_of_wars_involving_the_United_States
Look also here:
 - The economics of war. How does this affect us all especially us in crypto?


Just from the title, I seem to see something wrong. It made me think when I read the title, to be honest, and a question came to my mind, and it was "Is Blockchain Stealing?" As far as I know, Bitcoin can only be stolen if the thief knows the access to it, such as the seed, private key, and password. Unless someone in the know gives what a Bitcoin thief should know,

That means it is true what others say: that it is good to hide Bitcoin, especially in times when there is ever a war. You can hide your crypto assets or Bitcoin even if they are in a hardware wallet, a cold wallet, and others. As long as you have all the important files for this.
387  Economy / Economics / Re: Economic Implications of War on Individuals on: October 16, 2023, 11:07:50 PM
I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Who wants war, right? except for the leaders of each country who have this desire or those who have bad intentions. During the war, can you still think of doing business if your surroundings are full of gunfire, explosions, and killings? Of course, that thing cannot be thought of first.

Your main goal will be to save your family's life, if you have one, or your own. And hide in a place that is far from the battle and killing; this will be your way to survive and escape this deluge. And there are some countries that have conflicts with each other, and I hope they will not increase.
388  Economy / Economics / Re: SEC approves BlackRock's spot bitcoin ETF on: October 16, 2023, 03:36:24 PM
Maybe that's why the price value of Bitcoin suddenly increased earlier, maybe because of those humors, because the last time I saw it, the price of Bitcoin was around 28200 dollars or something.

But even so, that seems to be an indication that the chances of blackrock actually being approved are high.
When that actually happens, many bitcoin communities will celebrate that for sure, because it will be clear that somehow Bitcoin will achieve $100,000 more than each other by next year during the bull run.
389  Local / Pilipinas / Re: PhilHealth under siege: US$300,000 ransom set by Medusa ransomware group on: October 16, 2023, 03:25:25 PM
....
PH government websites/data is under cyber attacks. Masyado kase nilang minamaliit kakayahan ng IT dept nila. Puro news na we are advancing in modern technology etc, etc. yet mga shitty security ng mga websites nila. Sana nga after these incidents dagdagan nila budget for cybersecurity ng any government sites, servers, etc. at all over improve IT infras dito satin, at lastly maging responsible sila pag may ganyang incident na nangyari, hindi yung kakalimutan nalang na walang may na pa-punish na kauukulan.

Medyo sasang-ayon ako na kinakaya-kaya lang talaga ang ating mga IT, lalo na sa mga ahensya ng gobyerno natin na inaunderestimate talaga ng mga hackers ito. Nakakainis lang din kasi mga opisyal ng philhealth na puro sabi na we are doing eveything pero sa totoo lng hindi talaga.

Meron pa nga akong nasagap na balita na pati PSA natin napasukan narin ng hacker, anu ba yan, mga personal data privacy ng mga milyons of filipino records nasa PSA..
390  Bitcoin / Bitcoin Discussion / Re: More secure ways of storing bitcoin? on: October 16, 2023, 02:26:12 PM
How do institutional investors store and protect their Bitcoin assets?
Institutional investors, such as hedge funds and corporations, have different ways of storing and protecting their Bitcoin assets than typical user wallets.

There are numerous ways for us to securely store our bitcoins, but the only few that come to mind right now are storing them in the proper locations, such as a safety box, a paper wallet, or a bank vault.

Don't forget to frequently backup your Bitcoin so that, in the unlikely event that you lose it, you can still retrieve it. You can do this with a USB or flash drive, which is what I'm doing at the moment because I don't yet have a hardware wallet. Don't merely reveal the wallet address or private key to people you know, of course.

Secure ways of storing Bitcoin:

* https://www.forbes.com/advisor/au/investing/cryptocurrency/what-is-the-safety-way-to-store-crypto/
* https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/


391  Economy / Exchanges / Re: Upbit Got approval In Singapore on: October 16, 2023, 01:58:00 PM
Does it mean Singapore is friendly to cryptocurrency? Is there a chance Bitcoin can be legalised there? Nevertheless these approvals are good news for us in the Bitcoin community... my question is just to gauge the level of Bitcoin penetration there.

As far as I know, yes, Singapore is crypto-friendly; they have exchanges that have crypto trading. I'm just not familiar with what exchange there is in Singapore. And if that news is true and can be implemented, it will be a good innovation for the country of Singapore.

That's another cryptocurrency adoption. Of course, I have friends and relatives in Singapore; if that ever happens, they can use that exchange if they send it to our country.
392  Local / Pilipinas / Re: Bakit nga ba sa dami ng babala at mga nagppost nasscam parin ang iba? on: October 15, 2023, 10:43:22 PM
Greed, yan lang ang rason.
Madaming tao (yung mga nahikayat) alam na too good to be true yung offers, tapus iba or mostly mga professional yung na i-scam, so di mo masasabing wala silang alam diyan. Silaw lang talaga sila sa pera lalo na if napapakitaan ng "proof of earning" ng iba na kasali. Lalo na pag ponzi type which yun naman yung madalas, yung mga nakikita/naririning nating nag rereklamo sila yung last sa line na di na nakapag payout. Iyong mga nauna na nakapag ROI na ay silent na yan, pero isa sila mga nag pakalat nung scheme by inviting para makapag refer kaya madaming na i-scam.

Pano hindi sila masisilaw sa pera, ikaw ba naman ipagduldulan sa mukha mo yung kapal ng pera na sinasabi nilang kinita sa inaalok na investment opportunity, siyempre yung karamihan na mga prospect investors, dahil walang alam, at hindi nagtanung pa kung pano at ano ang hakbang na gagawin ay bigla nalang magdedesisyon na maglabas ng perang capital na hindi muna nag-iisip ng mabuti.

Kaya nga yung pagpapakita ng pera ng mga taong may impluwensya sa social media platform, sa totoo lang hindi nila tinuturuan ng tama yung mga makakapanuod sa kanila kung pano talaga umunlad sa buhay, sa halip ang tinuturo nila ay kung pano maging greed ang isang tao. Ito ang nagiging dahilan talaga kung bakit sila nagiging sakim sa pera. Kaya nga mapapansin mo sa mga naging sakim sa pera, naturingan na madami ngang pera at mayaman pero nagmukhang mga walang alam, dahil sa kasakiman kaya ayun naging biktima sila at nawala yung perang ginamit nila. Why? dahil nakontrol sila at nabulag ng kasakiman.
393  Local / Pilipinas / Re: Maging handa sa paparating na Bull run on: October 15, 2023, 10:33:45 PM
Ako sa inyo, wag na tumingin sa mga reason bakit mag bull run but rather just accumulate hanggat kaya especially Bitcoin.

Mas madali kasing mamotivate kung maidentify ang reason bakit need nating mag-accumulate ng Bitcoin.  Ika nga, mas mabuti na ang may goal kesa wala.  Ang isa sa pinakamalakas na motivation ay ang pagkakaroon ng profit kapag nagbull run.  Alam naman nating nasa stage pa rin tayo ng bear market, at ang price ng Bitcoin ay mabibili natin ng mura at napakataas ng tendency nyang magdoble kapag magsimula ng magrally ang merkado ng Bitcoin.

Hindi ba isang napakalakas na motivation ang pagkakaroon ng malaking profit kung magaccumulate tyo ngayon at ibenta ito sa paguptrend ng merkado na posibleng mangyar pagkatapos ng Bitcoin halving.


Sa tingin mo ba yung mga nag-aacumulate ng Bitcoin o other crypto ano ang dahilan bakit sila nag-iipon? ikaw may may iniipon kaba na Bitcoin o crypto? tanung ko lang naman sayo yan.

diba lahat naman ng mga nag-iipon ay ang pinagbatayan nila ay ang prediction o speculation ng ibang community sa crypto space kaya nila pinaniniwalaan ito at nabubuo nga dun yung positibong motivation mo sa isang crypto o Bitcoin, tama ba o hindi? so, sa nakikita ko walang masama kung maghanda, ang masama   wala tayong pinaghandaan sa bull run.
Maganda din ang point mo dito , dahil ako mismo ay isa sa nag accumulate now ng  Bitcoin at altcoin dahil naniniwala ako na sa susunod na taon in which the halving will take place eh malaki ang opportunity na madoble or mas malaki pa ang maging value ng coins ko.
tayong lahat ay bumibili ng coins dahil sa paniniwala nating mararating nila.
kumbaga eh bakit tayo magpapakahirap at gagastos sa bagay na hindi naman natin pinagkakatiwalaan?
ewan ko lang sa iba pero ako eh ready na ako at nagdadagdag pa ng mga holdings sa pangunguna ng Bitcoin towards 2024.
parating na naman ang bull market at hindi kona ito palalagpasin pa muli.
nagkamali na ako ng dalawang beses kaya di na ako papayag maulit pa to.
Yan naman talaga ang pangunang layunin natin dito sa mundo ng crypto, ang makapagaccumulate ng Bitcoin at alts. Kasi gusto nating lahat na makasabay sa pag-akyat ng kanilang presyo dahil gusto nating guminhawa ang ating buhay.

Noon, wala tayong sapat na kaalaman sa crypto pero ang kagustuhan natin na makapag-invest ay nasa atin na, lalo na ngayon na marami na tayong kaalaman sa Bitcoin at karamihan sa atin ay nag-aabang sa papalapit na halving ng Bitcoin, at alam natin na kung tumaas ang presyo ng Bitcoin ay ganun din sa alts.

Kaya kahit na ganun, suriin pa rin ng mabuti ang alts bago mag invest dito, huwag nating iasa sa Bitcoin ang pag-akyat ng presyo nito lalong-lalo na ayaw natin mangyari ulit ang nangyari nuon na hindi nakapagaccumulate.

Tama naman yang sinabi mo, pero kung ikukumpara ko ito noon kung babalik tayo sa panahon ng 2017, mas madami akong nakikita magandang opportunity sa hinaharap natin ngayon sa kasalukuyan sa totoo lang. Ano ang iibg kung sabihin? ito personal ko itong obserbasyon sa merkadong nangyayari ngayon sa crypto market.

Madaming mga altcoins ngayon ang nakikitaan ko ng potensyal na posible talagang may capability na sumabay din sa pag-angat ni Bitcoin sa paparating na halving o bull run. Hindi ko nalang babanggitin kung ano ang mga altcoins na ito, at sure din ako na madami ang nagsasagawa ng dca dito hindi lamang sa Bitcoin. Pero tama yung sinabi mo na dapat parin nating isaalang-alang nag DYOR parin siyempre bilang isang investor.
394  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: October 15, 2023, 10:23:15 PM
It's true that they're riskier than Bitcoin. We hold Bitcoin and invest some if you want to but you have no idea if they're going to make it when the bull run is in.
Bitcoin is more appropriate for most and that's why if you ever want to have a safe and secured investment, Bitcoin is the choice.
I do not believe in holding any altcoins, they are not not meant for holding just for a quick profit. In order to gain profits from altcoin you just have to buy at there first stage of presales or private sales and sell immediately or few days of the listing, if not the price will automatically dump leaving you with little or non of your capital. The earlier you sell your altcoins the better your chance of making good profits.
Where else, Bitcoin can be bought at any time and any price because it will definitely not run into loss forgetting the volatile nature price must surely bounce back and give good profits to Bitcoin owners only for those who is in for the long run

It's up to you, and nobody is pushing us to order anything they don't want to as an investment that they think would increase our capital. Additionally, it cannot be denied that the majority of cryptocurrency investments nowadays are extremely risky.

The research we conduct and our confidence in the assets we purchase, however, nevertheless have a role. However, I continue to think that there are still more cryptocurrencies, such as BnB, Arb, Ada, and other top-ranked ones on the market, that, like Bitcoin, have the potential to offer future profit savings. Therefore these two are both important to me.
395  Economy / Speculation / Re: Is Bitcoin In Bullish or Bearish Trend? on: October 15, 2023, 10:00:42 PM
If I look now at the actual live footage that is happening in the crypto market based on the Bitcoin price movement, as you can see in the picture below, using the time frame of 1 day, it is clear that we are currently in an uptrend period or bullish.




But that doesn't mean it's not good to do DCA, as most of these times do. Of course, it's still good to do DCA, and don't stop using these tools to save Bitcoin and other crypto assets for future Bitcoin halving or bull runs.
396  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: October 15, 2023, 09:48:02 PM
There's two reasons why they get positive reviews. (1) Making fake reviews is so easy, (2) they really provide a good signal but you have to pay a certain amount of money which I am sure is not cheap.

I'm also not against them, since maybe there are some legit signal providers who really gives out profitable trading signals to their clients, however, in the long run, like if suddenly they've stopped doing so, you'll be left out without any knowledge in trading since you only rely on somebody else. Self-taught is much better in my opinion, it is risky and will cost you a lot of money but it will be worth it in the long run if you're serious about your trading career.


One can create the fake channel and use the same to market among the traders,So the new people will do the use of the trading signals.The trading signals can be fake and self created by the individual to scam the others.So my way of trading will be use of the own signal for the trading.Building your own strategy for the trading will be the better one,because you no need top blame of praise other for your loss and profits.

Honestly, I don't really believe in trading signals, because I know a lot of trading signal groups on Telegram that gather communities, but they are scammers in the end. On the other hand, there are other people who know nothing about the crypto space and are still really trying to find that style. So what I can say is that it is okay to join trading signals, as you said, or do copy trading.

I noticed that many exchange platforms today, especially those on the top list in the market, have copy trading features in their exchange platforms. So that means at least it's not telegram-based most of the time, as we know.
397  Economy / Trading Discussion / Re: Things we should know about the price action on candlestick pattern on: October 15, 2023, 09:37:11 PM
TBH, this is a nice topic idea, and your execution is also promising I would love to see more of such a topic from your side as in the end, you've already mentioned the To Be Continued, it is better to bring these topics into the trading section. I had also covered a newbies's trading chapter, for some reason, I had paused it but after reading this one I think besides all the reasons I should start it again. Sadly in the trading section, 50% of topics are redundant and there are very rare promising topics, It would be great to have a member like you to accompany us in the trading section further.

Quote
"A trader can use a market price to describe the human thought process that underpins a market's movement."

That's what we can the physiological readings, emotion readings.

Well, what you said is true; the OP is doing an excellent job here of instructing on cryptocurrency trading. I've seen a number of trading-related topics posted in this thread, and I'll be honest: what they did was alright but not very simple to understand.

However, in the OP's approach, I can see the effort he is trying to reach others who find it difficult to comprehend the basics of bitcoin trading. As a result, it is really nice that he is giving the knowledge he has, and I am also genuinely interested in what he will accomplish. Teaching about crypto trading will be done more in the future.
398  Economy / Gambling discussion / Re: Minimum Age to gamble on: October 15, 2023, 09:26:59 PM
I admire the countries that ban minors from gambling and the countries that also ban the use of credit cards in casinos. Because of these governments, you can see their true concern for the people and what will happen if they violate their prohibitions.

From any angle, it is not good to see that a child is gambling. We know that gambling usually does not really bring anything good to the majority, although I do not. All that is needed is to be wise in the decisions we make. Just gamble based on being able to triple the amount in any casino.
399  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 14, 2023, 11:59:10 PM
Since I introduced the DCA method to them, it was a game changer too them,
 DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?
- I agree that Dollar-Cost Averaging (DCA) is a good method for gradually accumulating assets over time, especially if you don't have the time to constantly analyze the best buying prices. However, I'd like to emphasize the importance of deciding when to stop DCA and begin selling. If you have a strategy for buying through DCA, it's equally important to have a plan for selling, especially during bullish market phases. Failing to take profits during favorable market conditions can lead to prolonged and painful bear market periods.
- There's a classic saying in investing: "If you don't take profits, someone else will take profits for you." This highlights the significance of having a clear exit strategy to lock in gains.

Of course that is correct, because otherwise no one would have used that method and no one would have given advice to do DCA. But since many people are saying here on the forum platform that it is good to apply that to saving any cryptocurrencies, I can probably see that many people will harvest a good harvest in the upcoming bull run next year.

As for me, I haven't saved that much yet, as long as the important thing is that I also have a harvest because of what I accumulate that I believe can give me savings in the future, and it's a big deal that even if it's 100k$ each of Bitcoin and even other crypto currencies that can also kick in value in the future.
400  Economy / Economics / Re: The future of Farming. on: October 14, 2023, 11:49:54 PM
The vertical farming that they did is fine somehow, but for me, it's still different from the natural place to plant, like the real farm or the mountains, because it grows naturally.

Here in our country, farming is highly valued because this is where our food resources really come from in the reality that is happening right now. In other countries, the farms have been built by condominiums or by establishments, which is the reason for the rapid flooding in the city that the business sector thought was not possible, but that's what it really is.
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