A lot people argue about if it is better to hodl on the long term or the short term neglecting the most important thing. --
It cannot be generalized. It really depends on the quality of the project and the tendency of each person. Besides the crypto world is full of surprises. We must always monitor the progress of the project. Every project development, for example, mainnet launch, mainnet upgrade, staking system, etc. will bring influence, can be big or small. By continuing to monitor the progress of this project, we can determine the right timing. A lot of people thinks that a long term will definitely make their pockets full in the future with the coins they got from less popular projects, but in reality those coins will worth nearly zero in the future. To be honest, I was one of those bounty hunters who enjoy swimming in a huge prize pool for bounty campaigns, around 1 to 2 years that was my main source of income here in the forum but things get dull when scammers entered the scene and they started making their own scam projects where most of people fell into. Long term holding is beneficial, don't get it wrong but it is only effective for coins like bitcoin, ethereum and others whose name is on the top rankings.
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Woah, congrats for me that's a hell of work ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) how many papers you could right with that? you could've probably wrote a 500 pager book with that posts haha. I don't mind counting my posts though, but now I'm going to put a posts goal in my list just to make it memorable. Maybe the first is 5000 posts since now I'm just about 2000 even I'm older than you. ^ this guy up here has 12000+ posts, imagine that long typed sentences haha. Efforts appreciated man ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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It all comes down to stability when you have to consider a real safe haven. Yes, over a cherry picked period ...Bitcoin might have looked like a better safe-haven, but on average the Gold price was more stable. The extreme volatility with Bitcoin scare investors off when they have to decide what investment option is the best for them.
Look at it in a simpler terms, if you in a platform with a single center support, which is safe the stable or the stable one? of course the gold is our safe-haven which is why nations are getting it to be the nation's reserve. Bitcoin is young for me, though it is a decade years old there are still a lot of rooms for bitcoin to be improved and be adopted. This has been the discussion of the decade, can we not get over with this? we already use gold for ages to store wealth, and not bitcoin. That's all you guys need to know about it. If you want to use Bitcoin as a safe-haven, then you might be in for the long haul... because you have to get in at a low price and then ignore the volatility, until you want to sell at a higher price in the future. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) There is nothing wrong where do you want to store your value, it does not matter if you are going to gold or bitcoin, what will matter is the future value of what you put in there. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Well, our country added their debt and I think that is necessary as there are a lot of expenditures that happened during the pandemic. Our country is slowly turning the situation to normal and it is really necessary since the government is not the ones that should get to work right now, the people also need to work for themselves especially their family.
Getting a debt is an option of a bridging down economy, despite any circumstance even if it is not due to the pandemic. This serious problem has become the leading factor of everything that is happening, from people's death to collapsing economy and from the limited sources of a nation there's a helping hand that is supporting everyone to get rid of this but then we need to pay for it. It is expected tho, coz every government has been putting all of their reserves for the people, getting a debt is needed to survive they don't care if it costs trillions because we are the one who is going to pay for it, most especially our grandchildren, if we survive this lol just kidding. I don't know what will be the other steps that will be done by the government but there are also those talks about adding some taxes in live streaming platforms and online shops resellers which I think is not that good.
As part of the recovery, the government will be adding more taxes, I don't know about this one but they will put a tax on everything that is moving immune to the effects of the pandemic.
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Sustaining the bitcoin price of $100,000 is more difficult than what miners can do and sell over 900 btc per day, the whole idea is realistic I suppose coz it is not impossible to do so but before assuming realistic things we must deal with realistic factors also like the government's reaction, people's reaction to the increasing price before it hits $100,000. Literally, bitcoin climbing over its all time high, $20K? if it hits $25K or $30K more people will call it bubble, those who buy at lower price will sell out immediately that will match the daily sustaining buying orders.
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Perhaps they are using different coins. While bitcoin is not moving much, there is no profit in it.
Definitely this is due to most people are just holding bitcoin and not trading it, I myself just keep my btc off the market and holding it. You get no profit when you try to trade it casually, but you can have the chance to if you consider the futures trading with leverage adjustments. There are traders out there that does trade in a daily basis for daily profit. If bitcoin won't move then they will switch to another to make some money. You should also consider that idea.
Most of the btc trader are just waiting for some exchanging hands, you'll them in the middle of large transactions getting a profit after a huge buy. On top of these things is the speculation from both sides, this is maybe why the price keeps moving from a short range of price.
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It is not that Bitcoin "should never" become fully anonymous, it is that Bitcoin is not fully anonymous.
I guess there were some trouble understanding between anonymous and pseudonymous. Based on these terms, bitcoin will actually fall under the pseudonym since our names are being assumed as the addresses that we have. It is just like our pen name on the blockchain. Being anonymous is a complete blank entity, you know nothing about it but the appearance of it plus the transactions are being published publicly so how can that be an anonymous. It is not all about Bitcoin not going to become what it is supposed to become as designed and planned, it is about Bitcoin being what it is. Bitcoin is not straying intentionally away from its grand design because of the constraints brought by the governments and the banks and all the systems. Bitcoin is just being true to itself, which is not fully anonymous.
If bitcoin has to offer us complete anonymity on the internet, then government will shut it down coz that it'd be the most movement under their radar.
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1.Normally when i buy any coin,i wait sometimes for coin to rise.But when it doesn’t i sell this coin and after somedays it increases and it leaves me thousands regrets.
Like you said, "normally" which happens normally to every manual trader. It happens normally to beginners actually, well most of the time you need to let go of the this kind of habit coz it is not beneficial at all, when you invest on a coin just make sure that you can take how deep it gets coz that is just basically normal in cryptocurrencies. And also, most of the time you'll regret doing such pulling out. 2. When i decide to buy any coin,i don't study about its chart,so normally i buy coin in their peak.As a result when the price of the coin falls,i loss chunk amount of money.
This I don't do much, I prefer the underdogs which have a history to pump in a blink. In short, I don't ride the hype. The hype follower, obviously this is not what being a trader it makes you more of trend checker that do not make any analysis at all. Well in fair honesty, I do this sometimes BUT when the coin is valuable enough for me. Besides, you can gain a lot in a short-term from this. 3.My biggest mistake is panic selling.If any coin falls a little i panic and sell my share.And it cost me some money.And again when it increases,i try to buy.Its not very good.
It's your emotions that is taking over. Learn how to overcome that. It must always be about the money and not what you feel. In short take action with dealing to the market. It's normal to panic actually, what's not normal is when you cannot control yourself anymore.
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Maybe the only way is about vaccines, because even lockdowns and other things like maintaining health and other protocols still don't guarantee that this virus can end and even recently I got news about the very high mortality in Brazil in just a day or within 24 hours the death rate is 1,437.
Not one a maybes coz vaccine is the only way to get this pandemic out of our place. To date there are still no vaccine for the covid-19, nevertheless possible cure are still on clinical trials under medical investigation. What everyone of us need to do is self-care, the world has not discover the cure yet so we need to do the protection against the virus ourselves, basically eating nutritious food, wearing protection gears, etc. Economically, we are devastated I can't help to think to myself what could be happening now if there is no pandemic disease. Seems like the virus was strongly created, lol just kidding.
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I had the opportunity to ask 5 different people about the interest in investing in bitcoin after I explained a number of things related to this investment. These five people give almost the same answer and that is the fear of losing because the price is too high, fear of being cheated, legal problems and religious norms so that I can conclude that for ordinary people especially those who dont fully know about bitcoin then they are not suitable people to invited to invest here.
We have different views on investment stuffs, not all are willing to risk, not all have a loaded mag, any one can be an investor but not everyone can be a risk taker. Investing on bitcoin takes a courage since it is true that you might lose your money ( proportionally to what percentage ), but if you're monitoring the market long enough your view in it might change over time. Religious norms? I haven't heard about a religion organization that prohibits any of this investment stuffs, or they consider the investment as a gambling practice? Bitcoin price volatility is one of the reasons why many people are afraid to invest here because we all know that bitcoin investing is a risky investment. There are many risks involved with bitcoin and these are the things that they are considering.
Given that bitcoin has high volatility because there are many players around, this is also why traders are loving short-term investments. Being afraid is a natural feeling especially when you're doing it first time, but then how will you succeed if you won't try?
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Just take a break if you can't handle your losses and call it a day. Don't try to push yourself too much or else you might be chasing losses if you force yourself. It's all about the discipline and patience that you give each time you are trading. There's no way a single person can get rich in a single day, it all takes time. I am not that a hard trader just like the dedicated one but I always make sure I will gain a profit each time I trade.
Yeah, small break maybe a day or two will be the best way to handle the loss. In my personal experience, when I loss I am also losing my temper and going to trade high amount of money to get back the money that I loss, the ending is very predictable, I also loss that trade and ending up losing almost all of my capital. Taking a break is always be the best way for me to handle losing trade. And also I highly suggest to avoid this kind of scenario is to always set up a stop loss. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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It depends, if the gambling platform offers it on website with good user interface then, I will go to gambling on PC. But, if the gambling platform have a good application (when most of them don't) then, I will go there.
Almost all the time, I prefer gambling on PC because I can relax on my gaming chair while chilling on a game. and when on phone I just don't enjoy it when there something pop-ups or someone are going to call me and lose a good bet or good hand in poker. In mobile there's too much distraction, so I really prefer gambling on my computer.
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0,05004101 - 0,04944497 = 0,00059604 in which 0,001 dilution fee is included? So net profit this week on bustatice was 0,00059604 - 0,001 = -0,00040396 ... another week on loss? Second in a row? Good thing that they returned investment fee. I thought it is not returnable.
NOOoo. You're wrong here ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) 0,05004101 is total money now. But 0.049 is his investment. So 0.05004101 - 0.049 = 0.00104101 BTC (profit). Now this profit is equivalent to the dilution fee he incurs at the start of his investment. In short, after 8 weeks of investment, his real profits begin to count from next week. What about yolodice? How much does it cost? Have you subtracted it yet? luckily, yolodice have no dilution fee right now and before I invested. So, the profit there is really 0.00244465 BTCBut in bustadice as you said, we just break-even right now and I only have a total of 41bits of profit there ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I will fix it next week at the spreadsheet ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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So here's my update for week8!! This is the update for bustadice: This is my total profit for: BTC: 0.00104101 USD: 141.72 PHP: 6,955 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FE7XAs5v.jpg&t=665&c=ozBznsAj081ttw) This is the update for Yolodice: This is my total profit for: BTC: 0.00244465 USD: 170.44 PHP: 8,400 ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FE0c44po.jpg&t=665&c=Khmh0L6UVv8cBw) Here's the spreadsheet: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIvwvIP7.jpg&t=665&c=MHMfbKCSCVQhug) TOTAL PROFIT WEEK1 - WEEK8 BTC: 0.00348566 USD: 312.16 PHP: 15,355 This week the bitcon has crazy ups and down but compared to last week, it's still profitable since I think it goes up 9k-9500. My investment in bustadice is now doing great, I just get my dilution fee back to me and I am profiting out from it, next week I will edit the profit and subtract the 0.001 BTC there ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The Yolodice is still good ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) What are your thoughts this week? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Back to the days when you bought these altcoins, why did you buy them? To sell them in a loss? No probably you saw a big potential there due to the tremendous technology behind them. So continue holding, all of them are working hard to satisfy the investors. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I mean all cryptocurrencies back then were at boom each coins are going up and each day their value only gets higher, but same as gravity what goes up must come down and most holder lost their hope on their cryptocurrencies which only made things worse. Did I missed something in here? all cryptocurrencies back then are going up? I bet you are only focused to those worthy to mention coins like bitcoin and etherem, coz honestly back then I was an investor on projects, it was good at the first year I had a good returns in good projects there are also regretful ones but then it started to turn tables when 2018 came in, the price of bitcoin is hitting low and so the whole market did. I just disagree partially on the thing you said that cryptocurrencies are all growing even back then. Anyways I assume that waiting for it to go back is a optimistic choice but sometimes its better to cut loss than to give yourself false hope and lose it all.
There is nothing wrong with cutting your losses, in fact that might save you however also think that you are just losing the value in a specific time, you are just losing from that time it might bounce back, remember patience? The better option is to give yourself a highest possible and lowest possible margin where if it reaches one withdraw.
But how do you look on the margins? based on your capital or in what you just want to lose or gain?
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You forgot that people tend to look for an asset to save their money. That means most people are looking for things that are easy to liquidate into fiat and the price wont really swing big time. You know how thing goes with bitcoin, we have suffered alot of big swing for years and alot of people stay away from bitcoin because of that
Its a fact.
There is no asset in the world that is safe if you are dumb enough to invest at its peak and that is the case you are talking about, if anyone invested in bitcoin when the price rallied and reached its peak, who is to be blamed. Is there any asset in the world that is safe from that ? . The word safe in terms of asset is not as assured as we use them, that only means that if we are talking about assets some of them are considered safe as the word itself means "low risk". So the question, is there a safe asset? YES there is. However on the case with bitcoin, it is not safe at all coz in bitcoin what you need to invest first is the trust of yours, before the money as you have said there are people who are dumb investing when the price is already at the peak. Just imagine a scenario where a friend of yours climb on a mountain then they invited you to join but you refused, the next day you'll see their picture posted on the internet, you see their lovely faces with joy at the peak then you decided to go alone, you bumped to your friends while they are going down, then it rains. Regretting isn't it? In the case of bitcoin everyone had the opportunity to invest in it when the market when down and if you were not smart enough to invest at that time then there is no point in complaining about it.
I must say other than patience, one vital key is the trust. It's better to try than to feel sorry. If there is a recession then no asset is same from that situation and that includes bitcoin.
A recession is a collapse, no asset can get away with it even bitcoin, wait who knows what will happen with bitcoin? no one does.
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That's what you get when you try to believe other's opinion, I'm not blaming you for trusting a person that you have seen making youtube content, I can only make you realize how awful it is to believe on someone you don't know on this industry. Ones behest? an order? So he's forcing his viewers to invest on this coin? I don't think it qualifies to the TOS of youtube then. And why did you not hesitate to put it on doubt, coz it's basically a form of manipulating, subliminal message to the viewers.
You can't do nothing anymore, what you must do is to move on, take this as a huge lesson and continue with enhanced knowledge.
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Hell nah, if you guys think that Coinbase is doing it to deliberately manipulate the price and somehow stay at a high value then you're all wrong. I really believe that these was all an accident, coinbase never wanted to let things happen over and over again coz why on earth would they not confirm transaction as they are exchange business? That is what they do for the money. What happened earlier is just a connectivity issue, heavily trafficked orders to confirm that the system can't handle so they held a maintenance.
2 Months ago they declared that they are having hard time to process KYCs policy due to covid-19, well everything is affected by it so I would not doubt if anything happens wrong during these times.
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This is a very expensive lesson. Always avoid FOMO because that is the main reason why a lot of traders are suffering from huge loss. Don't worry mate just think of it as a very expensive lesson and move on with your life, I also have similar experience like that in leverage trading and that experience give me a whole new perspective in trading in general. Next time you know what to do ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Goodluck on your future trades!!! Please don't quit ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Bitcoin is not the digital gold but there's literally a project that is a digital gold: check this: https://bitcointalk.org/index.php?topic=5161544I am looking to that project for a while and I think they are the best to give if someone is asking for digital gold. They are cryptocurrency that is backed by gold and the price is sync with the price of the gold itself. Bitcoin can't be the digital gold since bitcoin is backed by nothing! Bitcoin is just existing because of the supply and demand and that's enough for bitcoin to be called as "cryptocurrency" ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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