Will you agree with the thought that cryptocurrency is going to make a significant contribution to the economy of every country in the world ?
Definitely. On this times, anything that emerges and if there's money in it. You bet ya that the government will see the impact of it if there's a potential and growth on it. And as for the crypto market, there's been a significant contribution that it is making in any country where people are involved in it. Not just that, they have to recognize that it has actually a global impact. Coming from the huge exchanges up to the small individuals like us. |
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Sentiments do change depending on the current situation.
But you're right with that, if there have been bull runs then people are going to say that it's going to be down. And the same goes when the market is on high, the opposite is being said.
While we're on the top, people are saying that they will wait until it dips so they can buy more.
And when the dip comes, they don't know what to do and won't buy.
But that's not exactly what I meant by my post. What I meant was now there's a flash crash, everybody generally says: stay calm don't panic. But if the opposite happens and market flashes up, nobody says: stay calm don't fomo. They get excited and start buying into the fomo, some even saying 1 million is coming. What do you think OP? Have you been guilty of that? Ohh, it's the opposite that I've understood. However, that also happens and the same as what you've meant. Anyway, I think that many are guilty of that and even some or many of the forum members as well. I am also do guilty of that but that was before not until I've planned all of my buying patterns and sequences that usually happens when there's a crash. |
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I honestly don't know what the fuss is. Bitcoin flash crashes and flash rallies. Normal.
People panic in these moments, but only when it goes down. For some reason, big rally and everyone FOMOs with silly predictions and that's ok, nobody says don't panic, right OP?
And this whole week people said waiting for the dip lol
Sentiments do change depending on the current situation. But you're right with that, if there have been bull runs then people are going to say that it's going to be down. And the same goes when the market is on high, the opposite is being said. While we're on the top, people are saying that they will wait until it dips so they can buy more. And when the dip comes, they don't know what to do and won't buy. |
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I know it is a big or uncommon goal to achieve considering my current income. I have a big dream of owning one Bitcoin before a certain period. So when people are bothered that the price of Bitcoin is dropping, I am seeing it as an opportunity to go closer to my dream. I am in no way happy that the price is dropping but one Bitcoin will always be one Bitcoin, no matter the price today. If you are sure of bitcoin, you will not be concerned about the price today because the price in the future will always exceed the current price.I have learned from this forum that there is no need to dump your coin because of FUD, this distraction will come and go. So I am no longer reading those blogs or social media that is promoting this this fear that will make me dump my small holding and abandon my dream. My focus is to own one Bitcoin.
You're right. Those that have been worried with the price dump this week aren't really here for the long term. But those that have been in here for a long time, this is nothing and it's not painful at all. It becomes painful when you just look at the projection value of your portfolio but eventually, you'll just ignore it and think that it's normal for this highly volatile market. Whatever the cost of this dump will also show the opposite of it, it may not be instant but we'll see it gradually. |
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I have seen videos of Gary Vee if you know him and I think that's what you need to do, it's just a hustle though but if you're serious then possible to make it a full time thing.
He goes from car garages sale and then picks up items that he thinks has a great value, bargains it for a few bucks and then checks out on the amazon on how much they really are.
It is a just a typical buy and sell thing, you make profit from the margin of those stuff you get for a very cheap price on garage sale and put it up on sale on websites like amazon, ebay, etc.
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I was having a conversation with a friend, and we talked about how difficult the economy is and how it can disrupt someone's plan to hold their bitcoins without tampering with it. I think this is true because if you think of how difficult things are getting, Salaries from jobs no longer sufficient to sort all needs, and profit from business seriously affected and made intangible because of the increasing cost of running a business and the rising cost of things.
This is tough when you don't have life savings and emergency funds but you have mostly put that in Bitcoin. I think it will serve its purpose if you don't have a choice and you want to sell it because you're in need of money which requires you to sell some of your Bitcoin. Holding your bitcoins has a lot to do with discipline truly, but discipline is harder to practice when you are being suffocated and suffering financially with plenty bills and responsibility to respond to. People in countries with better economy, where there are good jobs and businesses are working, Bitcoins will easier hold than for people who are in places with terrible economic situation. What do you think?
Even when you're the most disciplined person but the time requires it and you need to make an action, that can make you sell your bitcoins. But always remember that it's not all about selling all that you've got. And if you have some other source where you can get that money you need, much better to do that and don't spent yet your Bitcoin as we're all waiting for the right time to come in selling it. |
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Bitcoin has captured the center of attention, especially with the younger generations showing keen interest in it. Yet, there are those who believe that teaching older individuals about it might not be a wise investment of time. However, we must ponder: does it carry value? This conversation revolves around the question of whether it's worthwhile to educate older generations about bitcoin.
Some elderly don't wanna touch new technology because they're in belief that it's not going to work for them. Like Warren Buffett, we all knew that he's a great investor and talks shit about Bitcoin. Thus, even if someone influential talks and convinces him about Bitcoin. He wouldn't mind to get to know more about it. But for some that's open on it, then the worth is there. The value is there and you just have to find someone that do have the interest in it. Maybe that's rare for some of the older people but what's the old age for you? We've got jet here and he's one of the rare people out there that set no boundaries of ages getting on Bitcoin. |
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Bitcoin address: bc1q0e7q92900j803laz6ykmsww5p2sa8xv4rs0j2k
Merit earned in last 120 days: 5
When can you start?: Immediately
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I was asking for resources within the forum and not about family discussion. I was also looking for non-profit organizations that provide such services free of charge and are available online. The last option is to contact a professional who can help with the addiction. My understanding is that before visiting a pro there should a screening center or people who can recommend ways to help with this issue.
If it is for the NGOs that tackles with this problems, there are a lot of them that we can easily search on search engines like this: National Council on Problem Gambling[1]. They've got the International Problem Gambling Help Contacts[2]. [1] https://www.ncpgambling.org/[2] https://www.ncpgambling.org/5475-2/ |
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I'd like to hear it as well from someone who has ran and keeps on running it. But since there are still ones that's existing, maybe it is but not that much.
I guess that the reason for that is that it's still fun to operate it and owners of it have other sources of income which they're not dependent to the faucet website that they won.
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Emotion really can play a big part for all of our trades.
Let's say that we've won most of our trades and there's this last time that we want to keep up before we close the trading tab. And that's all about emotion and you're not satisfied yet with your trades for this day.
That could end up with a bad trade because you think that it's not enough yet and despite that you've won enough. And so your emotion have moved you to the pit instead.
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Have anyone wonder why stable coins are safe all this while from Gensler and SEC, even the government? Why hasn't there any hunt on those centralized stablecoins? Is there something we don't know? Are stable coins somehow settled with the government and SEC behind the curtain?
I don't think there's anything strange with that, they're already centralized thus, SEC can control that easily so they wouldn't need to hunt for them. Because if stable coins was target it will be a enormous hit to the whole crypto market, why haven't such thing happened yet? I also read where the former Binance.US said that the White House is trying to keep stable coins "out of discussions" like they know something.
Is this all about saving their USD? Or they are waiting to create CBDC successfully first before they go after stable coins?
Stable coins aren't really different from CBDC so it's like their own as well. It's not that surprising anymore if they won't target the stable coins because all of them can provide proofs that they're legitimate backed up with real money. That's the least that they can do for them to be stopped being hunted by the SEC. |
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Fiat can buy all the miners and coins, Central bankers still win.
We're living in a world where cash is still the king and we're aware of that. And everything can be bought by fiat and that's a reality that you've said that. But about central bankers gonna win? I guess so but who knows until most of them starts to file for bankruptcy when people hold their own money with their own personal banks(not banks but wallets). Thanks man. It seems that he's got his own preference that he wants to push to everyone despite of it being not really going to make sense upon reading. |
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We cannot really skip emotion to be considered in trading. Emotion can make someone make a rational decision or a foolish decision.
At most times when emotions have been involved, foolish decisions are being made. I agree with you every trader or good traders needs to develop a stable emotion.
Good traders can't also skip that but that's true that they've got more control to their emotions and they don't let it slip by their hands. And that is because they've experienced it before on how it goes when they make wrong decisions with their trades. |
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First of all, countries such as Netherlands were not that much affected by the COVID pandemic. Most of the population got vaccinated before the Delta wave began. It was third world nations such as India and Brazil that got impacted the most. And these countries have shown robust economic growth during the last few years. So what is wrong with Netherlands? The ongoing Russo-Ukrainian war has played its part, but the rot started long back. Many of the European governments still believe that they are super-rich and splurge money on unnecessary expenses.
This only means that even countries like them that has not be critically hit by covid yet they can't skip the effect of global inflation. In the end, they are forced to increase taxes and this negatively affects the economy.
But that still helps their country with the services that they give to the people or that's not just enough? |
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Gold is money that has been used since thousands of years ago so that it has a strong reputation, Gold is resistant to inflation because it is proven that the country that prints money based on gold support will be resistant to inflation, the value of gold can adjust to any situation, so that the steps taken by Russia and Iran surely it is the right thing.
Not all the time. Look at those countries that have gold reserve, they just can't go away with inflation. This means that even having a currency that's backed up with gold, it can't skip hitting inflation. They're also going to deal with it no matter what. It sounds good by just looking at it but if the purpose is just to have cross border transfers since Russia has been penalized a lot by most payment processors, this is the resort that they need to have. |
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Qizon Coin emerges as a promising cryptocurrency for investment in 2023. This newly unveiled digital currency is making waves in the realm of crypto by suggesting that cryptocurrencies can play a role in promoting sustainability. Primarily designed as a staking coin, Qizon Coin invites users to invest their funds, which will then be allocated to the research and development of Electric Vehicles (EVs) and Hydrogen-powered vehicles. This innovative approach significantly enhances the potential for substantial returns on investment, rendering Qizon Coin a compelling choice to consider for deploying your diligently earned funds. I have never heard of that coin. But with what I am seeing is that everyone has their own bias in terms of investing in the market. There have been new projects that are mentioned but that doesn't mean that all of them have the potential. At the end, you'll always think of what you're going to invest on this year. Soon, this year is going to end again and you'll never know what's the future of these projects except of course, Bitcoin. |
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It's good to stake coins as long as they're the top coins and unlikely to collapse. And it seems you're overwhelmed with the 22% APY that's shown to you by that token.
Remember that it's not always going to be at that range. The more people sees that and demand becomes higher on its staking, the lesser the APY you'll get eventually.
But, only stake with what you can afford to lose and always choose the flexible term for you to withdraw it anytime if ever you got on a staking feature of any platform that requires you to lock your funds.
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For the investor who doesn't plan to sell Bitcoin for a long time, what matters is the amount of Bitcoin they have and they aim to increase it. This investor has a very high price target and may spend this time waiting. A profit-only investor, on the other hand, aims to take a set amount of profit and then either reinvest it or do something else with it. The diversity of investors has always made Bitcoin attractive.
Everyone does have a high price and it just varies depending on the situation that we're dealing with as of the moment. If we're in need and we bought it below $20k so, that's still a high price to be said even if it's just $29k this time. While the others who have bought at the peak of the last bull run. Too many things have changed already and that's going to look bad on them if they sold at this time because they're in losses. Bitcoin is the best to hold, some may argue that there's a high profit in alts. Yeah, that's all on you and the risk there is higher. |
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What are your own thoughts on wrong ways you think people follow in bitcoin accumulation.
Lack of patience. They think that as people tell that they should DCA and they obliged, they'll already going to become rich. That's not it, even if you DCA and follow suggestion of experienced people, patience will still bring you far. As said that it shouldn't be pressuring and stressing, many of the investors are not patient. They think that at all times the market is hyper, no it's not. |
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