When we are in a bitcoin thread and the topic is bitcoin, then for all practical purposes, everything that is not bitcoin is a shitcoin.
Sure you might believe some shitcoins are better than others, but we are in a bitcoin thread, so your attempts to argue about which shitcoins might be less shitty is irrelevant...
So for all practical purposes shitcoin and altcoin means the same thing - especially when we are in a bitcoin thread..
Very valid. Altcoin discussion should never have a place in this thread, as we encourage Bitcoin buying and selling. I think avoiding such discussion is best for me, while I have always encouraged the buying of Bitcoin because that's what I do personally. I personally don't encourage the buying of altcoin of any kind, due to their high level of centralization.
Yes when we are on a bitcoin thread we need to keep our art coin talks away. Because when we are in Bitcoin thread, we can only highlight Bitcoin's own characteristics and importance, it is better to stay away from discussing any other Alt Coins or Seat Coins. I completely agree with JayJuanGee brother, of course Sitcoin and Altcoin are the same thing for all practical purposes. If anyone wants to talk about other coins, they have their own threads about those coins you can go there and express your opinion independently, but please refrain from discussing other coins in the Bitcoin thread. When you are in Bitcoin Thread you only need to discuss Bitcoin. Personally I always try to stay away from Alt coins or seat coins. I am trying to attract myself to bitcoin as much as possible. Bitcoin from all other coins is the best and less risky in every case. So always try to invest in the right place so that the risk is much less than other coins, and that is Bitcoin. So attract yourself to Bitcoin and stay away from fake coins. |
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That's great. Thank you.
I created an account on Bitmart. Looks pretty straight forward. Does that site also act as a wallet for storing the currency? Once obtained, I can send it etc or do I now have to find a wallet without restrictions that I do not need ID for?
I notice that Bitmart keeps a balance, so how would I then use that balance to send to a wallet to buy something?
Sorry if I have got things wrong. I am a total beginner with crypto stuff.
Is a bad practice to hold the coins on a exchange because that way you are not the owner of your coins even if they are in your account, they can get hacked, the exchange can lock your account, or the exchange can close. The wallet I recomend for you is atomic wallet, google it and you will find a lot of info, I. That wallet you can hold different coins, that's why I recomend that one. Yes, I totally agree with you, keeping our money in exchanges is full of risk, your exchange can be closed due to various reasons, they can even band your exchange without any notice, then you have nothing to do, moreover in exchange Keeping money in them is not completely safe, your money can be hacked from there. Exchanges will not provide complete security to your money. So you should better hold your money in a wallet. Again you can definitely create atomic wallet as suggested by @seoincorporation brother. I totally agree with @seoincorporation brother. |
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go go go! 65K on the way.  |
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Total Corners + Yellow Cards: 23
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Currently the price of bitcoin is 60k, right now bitcoin is dumping. It will take some more time to pump. Moreover, according to everyone's thoughts and opinions, everyone thinks that the real bull run of Bitcoin will start by the end of this year, and when the real bull run starts, it is expected to cross about 120K. Now let's see what happens because no one can say with 100% guarantee that Bitcoin price will cross 100K or 120K in this bull run, it can only be guessed. However, for those who have not yet started investing in Bitcoin, this can be a very good startup point, because Bitcoin is within reach at the moment.
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You are doing the right thing now. Because you are a bad trader, and because of a small mistake in trading, all the money is lost, you are a bad trader, and if you tread more so you have lost a lot of money. But before that you are out of trading. You have done a really smart job. Another thing is, you have taken the best decision, because DCA method is the best way to earn from Bitcoin risk free. Every failed traders should make such decision like you. Anyway now you go on your own way, investing and holding as much as possible. And keep it for a long time. You will see that at one stage it has given you more returns than you expected.
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Personally I don't do both, I only hold using the DCA method. I only invest in Bitcoin on a weekly basis. I will hold my holdings until the value of Bitcoin is 200K, or maybe even longer. Overall I want to increase my portfolio a lot. I invest by taking advantage of bear and bull markets.
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So, is it worth the risk?
Have any of you had experiences that have made you more cautious or more confident in investing in crypto? Please share I'd love to know
I have been following Bitcoin for a long time. I believe Bitcoin is a permanent asset of life. Although no one can guarantee anything, I personally believe in Bitcoin. If one is not willing to take risks in cryptocurrency space then he will never get anything as per his expectations from here. Moreover, an investor should not invest on blind faith. There are definitely risks involved in investing, but those who invest with a long-term plan have less risk. All investments involving money are risky but based on probability if one takes the risk and holds the investment for long term they will surely succeed. I didn't buy Bitcoin in 2018 because I thought it would lose its value and then I missed it in 2021 but since then I didn't want to miss out. If you start investing from every bearish position, there is a great chance to get more profit from Bitcoin. Every Bitcoin dip should be viewed as a buying opportunity. When I started to understand about cryptocurrency and Bitcoin, I saw the success of Bitcoin since then. I became addicted to Bitcoin after seeing its success, and became addicted to buying Bitcoin. Next I started buying bitcoins. Gradually, as I started making profits, my interest in investing increased. So I now choose Bitcoin as my sole investment trust. The more bitcoins I hold, the more returns I get. So I can definitely say that long term investment in bitcoin is risk free, Your investment must be for the long term. Then it will give you guaranteed profit. So I started investing with DCA method long ago, now I have built up a fairly good portfolio, and I have made good profit from it. So currently the price of Bitcoin is on the dip, make your mind to buy this moment and hold for long time, and don't limit yourself to buy now, start investing in DCA method. You will always have extra expenses in your daily life, invest that money instead of extra expenses, it will bring you huge profits over time. |
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