|
Leisure.
There are some people who are just gambling not because of money, some could be gambling because they have a lot of extra time and don't know what to do, so they decided to gamble.
Another reason could be thinking that their next gamble will be able to win, but lose then repeat again.
|
|
|
|
(....)
Now my question is futures trade is actually gambling? Or how did he lose all his dollars?
For me, trading will be gambling if you trading without basis or analysis or just opening a trade randomly. Because for me, every trade needs to be planned first before doing anything. And even futures or spot trading, they are just the same, the risk involved are only different and the type of it. |
|
|
|
It seems like the altcoins on the Solana network have been getting hype recently, I saw on social media that many people are holding altcoins on the Solana network and the price has increased several times. maybe this is what caused the price of solana to rise, let's see how long this hype lasts.
As long as the hype continues, the price sol will go up or have a sideways movement, but it probably can't last long. It seems to me that altcoins on the sol blockchain will not be popular in the near future. Buying it now for the purpose of profits may kill the deposit. I remember once upon a time there was a similar story with bnb. It seems for me the hype of Solana right now is different from the last bull run, in which it started to reach its all-time high. What I can see right now is Solana reacted late versus the other altcoins like Ethereum, because as you can see, Bitcoin price action and Ethereum price action is almost correlated with each other, then on Solana, I can say it just follows Ethereum and Bitcoin late already with extremely high price action upward. |
|
|
|
(...)
My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?
For me, for any kind of investment, I can say that losing is normal, it's not guaranteed to always have profits. For me, if you are really careful and you want high success. Then you must be ready, go learn first everything, learn fundamental & technical analysis and everything, then study and analyze the market before you enter, but I will say again, still not guarantee. |
|
|
|
((....)
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
For me yes but overall Bitcoin is fine, the best example already happened before, remember when Bitcoin ETF was first introduced in the market it was really hype but after multiple times Bitcoin ETF was not approved, price reacted but Bitcoin is not going to zero, and it recovers also. So for me, with or without Bitcoin ETF, Bitcoin will stay. |
|
|
|
As each halving is passing and this block reward decrease has started sounding like a big deal to me. Does anyone else also see individual satoshi becoming valuable in future?
Well, Satoshi is a unit of Bitcoin, so for me, overall it will really depend on the price of Bitcoin even in the future. For me, it is becoming valuable for me especially if we will maintain the price and slowly increasing versus our fiat currencies right now that you can see the value are decreasing due to inflation. |
|
|
|
|
There are a lot of reasons why privacy coins/tokens started to fade, for example, reason for me is first the essence of cryptocurrency which for me we don't need "privacy" coins anymore. Next is the regulators, a lot of things that happening between regulators and cryptocurrency plus this privacy coin is extremely difficult for regulators also to handle as it is built different.
|
|
|
|
And i believe when bitcoin reach new all time high there will be altcoin season because many people already lose money in bitcoin then they want to gamble with altcoin I've seen this cycle twice and it will probably repeat itself For me, I don't think we need a new all-time high of Bitcoin. What I am waiting for is a massive volume of altcoins and Bitcoin will go in sideways price, with no dumping or pumping. Then altcoins will make their own move to pump. But you have a point also about the new all-time high of Bitcoin, because for sure some Bitcoin profits will transition to altcoins. |
|
|
|
I have an odd job of writing guides that can help people through challenges they may encounter in the crypto space. So this is simple. What are the challenges that you face with Bitcoin in particular and the crypto space in general. What guides would help you? I'll read through all, and thank you.
For Bitcoin literal is the deeper technology behind Bitcoin like what programmers or developers of Bitcoin do understand. As a programmer also, I am really eager to learn Bitcoin, not only the basic like how it works but the codes or some technical things that behind Bitcoin to make it run. |
|
|
|
The swapping option is often seen in cold wallets and soft wallets.Swapping is the conversion of one coin to another, you can also convert a crypto to USDT or USDC or BNB.Swapping is often done for tokens that are not available on regular exchanges. Often they are exchanged from one coin to another on a uniswap or pancakeswap.Whenever you get free tokens from somewhere, you will definitely swap it for a good token.Whenever you get a chance to swap at a good price, do it. Sometimes the price falls, then you should wait a bit and sell when the price improves.
I don't know where you got this definition from, but swapping is the exchange of one token to another in the same blockchain, and exchange is exchanging coin to another one in a different blockchain, but since most of exchanges in decentralized via Uniswap or pancakeswap are tokens in the same blockchain, we see the term common in Those platforms and exchange term or convert term in the central one. (....) Yep, it's totally different. I think what OP want to mean is using different network and as you can see, OP mentioned cold wallet, means OP is using some smart contract networks like Ethereum or layer-2 networks where Decentralized Finance (DeFi) exist and you can easily swap your different altcoins to another altcoins without creating an account to centralized account anymore. |
|
|
|
|
Upskill for me, or learn new skills, learn new things and by that, you can for sure find a way to make some money in the cryptocurrency market or outside the cryptocurrency.
But for now in the cryptocurrency market right now, there's no more easy money and the most common right now is airdrop and bounties but it is already difficult now and it's more likely a game of chances if you participate.
|
|
|
|
|
For me yes, I am already ready for 2024 as I already started to buy a lot of altcoins and Bitcoins during the last quarters of this year.
And I am really proud that my portfolio already has profits for the total. I just accumulated since the last 2 quarters of this year.
Year 2024 is really surprising because of Bitcoin block halving as we all know in the previous Bitcoin block halvings, the market is acting different and mostly before the event, we see price rally in the market.
|
|
|
|
 https://defillama.com/chain/InjectiveIn Defi Lllama, you can see some projects or platforms under Injective Protocol right now. As I can see, there are still a few of them there. So for me, it's worth to try on any platforms here for sure, I highly suggest to verify each platform that they are legit and they still don't have yet released any altcoins. |
|
|
|
|
Let's just accept the reality, Terra Luna will not be back again, it is what is right now.
Terra or any related project with Terra is already gone for me now. What's only driving on this project are just manipulation, they just want to make money for other people who are still hoping to this project.
|
|
|
|
Re: Seems it's alt season... Any suggestions..?
Man, what do you mean by "seems"? Altcoins have already increased in price so much in the past few months and you're just realizing this now? But yea, I'm not a fan of buying right now. There's a decent chance I'm wrong, but I'd personally wait it out a bit. I don't think its altcoin season, indeed altcoin have already increased in price because bitcoin price rise so much from 16k$ and bring altcoin with it. When bitcoin goes back up altcoin follow so i think it's just correction from falling couple month ago (....) Yep, for me, altcoin season is when Bitcoin will stop pumping and most of all altcoins will pump by just their own without Bitcoin pumping first or pumping together. I can say it was my first experience around the bull market of 2017-2018. Most of the altcoins before are just pumping, trash, or non-trash altcoins will just pump. |
|
|
|
(...)
What are your thoughts? Have you ever tried it before, and if yes, do you believe it's worth a try?
For me, it's good. The only difficult here is you use a non-stablecoin asset during launch pool. Because you could lose its value over time just to be able to get the new coins and sometimes it's not worth it or you will lose more. Another thing is after the launch pool or during, for me it's better to take profits like sell some of new tokens you got from launchpool, it's good to take profits. |
|
|
|
(....)
What are the best coins to use at a time when there is network congestion in the main meme pool?
It seems we are talking about some technicality here like some network, not with investments. For me if in the Ethereum network, I will go with layer-2 networks, that's the best network for me, and it is also helpful because layer-2 networks is EVM friendly, so for me, projects on layer-2 networks are also good alternative for Ethereum mainnet. |
|
|
|
Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
(....)
I can relate to this also, because with stop loss, will help you to protect your capital, if you have enough capital you can still trade in the future. So for me, even if you just cut loss and multiple stop losses triggered and your trade were losses, just stick with your plan and later on when you make some profits, for sure you will make some profits then some of your losses will be covered. |
|
|
|
As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
If you already started, I can say continue, and for those people who still have not started to trade, start it now. On the other hand, continue to learn even if you already made some profits, learning in trading, especially in the tech world will not stop. And risk management is a must, even how much your portfolio or trading account balance, risk management is a must! |
|
|
|
I can't agree with you here bud. I first off don't think that college educations are becoming way less important. At least in my line of work (finance) there is still a college degree requirement. This goes for a lot of my friends in their random places of work. A 529 plan has it's restrictions, or downfalls, but it's a lot less volatile (typically) than bitcoin is, so as an advisor I could not recommend someone replacing their 529 with a bitcoin investment. Too risky.
Exactly, this is a risky play even if you will invest your college fund in non bitcoin-related investments. All investment comes with a risk. So for me, if you afford to lose your college fund, then go invest it. Just don't risk anything that will make you suffer in the future. Just to remind you, Bitcoin is extremely volatile! |
|
|
|
|
Show Posts
