|
becomes human nature that has desires and ambitions, at first money is a medium of exchange, but at times like this everything needs money, so that humans think that happiness is synonymous with money, because they can buy everything they want, humans will never have enough even though their desire has been achieved, of course they want something higher, and so on until they get greedier. for those who find it difficult to get money, especially to eat is difficult, so many of them use shortcuts, namely crime
|
|
|
|
For sure i’m not very confident this movement, keep 50:50 cash/alt, next time if btc down again its time to buy, meaning yoloing, to soon for investment, macroeconomic still not in full effect, and there is still lot of time to wait till fed full pivot, which is near halving and perfect for starting bull run
Yes despite that the market movement is starting to go up but I don't think it will last long, to be honest I don't really expect bullish to happen in the near future, we'd better see what the next development will be like. Logically, the next cycle should be bullish. But I agree with you that it is very difficult to determine which phase of the market we are in right now. Few altcoins were able to show good growth, that's because most of these coins are concentrated in one hands. About bitcoin it's not clear to me either, the 23k level is not very important, so the price can go anywhere. if the next cycle has to be bullish, of course it has to start from bitcoin. If bitcoin is a bullish altcoin recovery will not occur, but if the bitcoin price stabilizes in the $20k price area it will be an opportunity for altcoins to be able to recover in price, and also BTC dominance decreases so that a lot of money goes into altcoins. Some altcoins are showing a quite good recovery, but this depends on how Bitcoin moves, if bitcoin has to be forced down again to a price level below $20k, then the tips are getting ready to enter another bearish market. as is the case at this time where bitcoin touched the price of $ 22k, and we see that many altcoins have also increased, indeed the dominance of bitcoin is still the mother of altcoins, so bitcoin can be used as a benchmark for trading and investing by choosing potential altcoins, but for me keep choosing altcoins that are top on coinmarketcap. rarely invest in new altcoins even if they jump the increase is fantastic, but also carries a high risk too, except when placing a little capital just looking for luck |
|
|
|
AI word was used to pull big and tiny capital investors around the world especially in ICO period. But nowadays we don't see much as its replaced by Metaverse and nft implemented games etc. You should never forget this: Most of metaverse projects will fail in long run. They were initiated in a period when there was metaverse craze, like gold rush. So you should pick only the best metaverse projects around. So your money will be safe.
That's been proven and we saw that many of these projects have fallen. The word metaverse and nft really pulled a lot of money in most pockets and as well as bring profit to many. But those that have been late with the craze, they're the ones that have suffered and that's why being interested in it now isn't worth it at all. Those that have sold a lot of NFTs at a good price have raked money on their pockets and will for sure going to buy back whatever they wish to hold. actually the right term is Fooled a lot of people , towards investing to those who uses Metaverse and NFT but in the end scams is what comes to the victims. we have seen so many problems trying to connect their business and names to those 2 but the target is to scam people. Whatever hype or shilled out things on this market or simply say about being on whats the trend, then you could really anticipate or expect something or someone who would really be using up these things for their own sake and trying out to scam out people and doesnt mind on how they would be affecting those people as long they could able to scam out someone for their own benefit.This is why we should really be that careful on dealing up with things which are obviously been used for luring out people to make out investment and trying to simply jump with the hype and trend. If you are not that careful then this is where you do end up mostly. caution is needed in investing and keeping abreast of cryptocurrency developments. there has been a lot of development from the start, and of course those who keenly see opportunities will be able to enjoy them. there are many other people who are passionate about a project, but we must be able to think logically to make a choice considering that not a few projects have failed by following the trends that were happening at that time. therefore knowing the time to buy and release our assets is very important, because for me investing long term and without selling is also not good, considering that price fluctuations are very high |
|
|
|
sometime one need to take the bull by the Horn and do the needful to have a financially secure future, but quitting your job to invest in Bitcoin was not a too good idea to me and many other members here, you can still do your Bitcoin investment during your free time and combine both job and investment
thank God your risk paid off for you even though you did not mention how much profit you have made from your $10,000 investment, but never advise anyone to quit their job to invest in Bitcoin because it will be a risky decision a d not everyone is as lucky as you are to have your life change within a speculated time.
Everyone's analytical knowledge will of course be different, if they are already working and investing in bitcoin, then this is very true in my opinion, because we don't spend time investing with bitcoin. precisely if we are lucky then we will get a pension fund from the profits of investing in bitcoin. on the other hand we continue to work to find activities and income to make ends meet, on the other hand we can invest in other fields, property for example, so that our old age will be very financially secure, on the other hand we can pass it on to our children and impart knowledge about bitcoins |
|
|
|
And what does it say on those stickers? I can't see the whole caption, but it's something along the lines of "Bitcoin can give you financial stability", which is somewhat true, but what about the other risky side that includes volatility, secure storage, crypto scams? Perhaps it would be wise to post a link in the form of a QR code that would lead to some legitimate source of information such as https://bitcoin.org/en/ with the note that this website comes translated into various languages, which should be taken into account if it supports your language. If you just let people know that Bitcoin exists, many will end up on that well-known website that promotes fake bitcoin, or they will become victims of some crypto scam, whether it's fake wallets, exchanges or doublers. yes there's the risk aspect of bitcoin that should be exposed to new comers which is very necessary, but in this case I think him giving them the idea to know that there's something called bitcoin that exist over a decade now, I believe from having the knowledge of the existence of such resource for those who then develop interest they would then be exposed to the risk that also involved. That's my thought though! I have a feeling what OP is trying to do is spread the image of bitcoin, to let people know that there is such a thing as bitcoin and it has the potential to bring financial freedom to everyone. But for people to really understand bitcoin properly, there must be lessons about it, and that will depend on how each person seizes the opportunity. If someone sees bitcoin logos and is curious to know more about them, they will search for them on the internet. We cannot convey everything about bitcoin with short messages, what we can only give them is the chance to know about bitcoin. It can say what OP did is the best possible thing. what a sensible idea to promote bitcoin. of course the main thing to do is to start from ourselves to increase knowledge about bitcoin, and people will be interested in learning about it when they see our acquisition of bitcoin. by making a lot of money from bitcoin then they will come closer to find out what business we are doing. from there we can provide knowledge about bitcoin, so they can determine the path to be taken after knowing bitcoin, because there will be many views about bitcoin there are pros and cons, but at least we have told about bitcoin in the right way |
|
|
|
|
Current number of post (Including this one): 1141
Rank: Full member
bech32 address : bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
Merit earned in the last 120 days: 11
|
|
|
|
|
Current number of post (Including this one): 1140
Rank: Full member
bech32 address : bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
Merit earned in the last 120 days: 11
Applying for Full Member
|
|
|
|
|
Current number of post (Including this one): 1139
Rank: Full member
bech32 address : bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
Merit earned in the last 120 days: 11
|
|
|
|
|
Current number of post (Including this one): 1138
Rank: Full member
bech32 address : bc1qyl5eqhj7y27qxvydjeygs3w54u3zets9wvr9ks
Merit earned in the last 120 days: 11
|
|
|
|
|
Current number of post (Including this one): 1138
Rank: Full member
TRC20 address: TQJQ18YWiNaSkEpqVDNtNTGbMsaTkboJmU
Merit earned in the last 120 days: 11
|
|
|
|
What you are referring to is what binance has been doing, binance is the only exchange that has Safu. But that also can't be sure if binance collapses all the victims will be compensated, I don't believe it will be that simple.
In my opinion, there is no perfect solution in this case, the best way is to limit their use. Absolutely do not trust any exchange even if it is a decentralized exchange, it is not as secure as many people think. Always withdraw all your funds at the end of the day after the end of the trade and never leave too much money on any exchange.
Binance collapsing would be quite difficult, it would require a lot of money to do that and I do not think that it would be that possible. I am not saying that it's impossible neither, but it’s quite difficult for something that large to ever drop victim to some hacking attempt. I would like to emphasize very carefully, I am not saying "impossible" so take all the safety and security measures that you can, that’s a guaranteed thing, if you can do that then it would be great, but if you don't and you have to put it on some exchange, Binance is better than any other and that would be a much better method for you, because all other exchanges are even worse. Currently, binance cannot collapse but the future is unpredictable. An exchange collapsed not only due to hacking but also for many reasons, such as FTX they were greedy and violated business ethics when taking customers' money to use for their own purposes, leading to collapse. Binance has stood for so many years, I'm not afraid of them crashing due to an attack, but what I'm afraid is that CZ will become like SBF with insatiable greed or misuse of money leading to binance's bankruptcy. Another thing is that binance is dominating the market almost completely, which is very easily labeled by the government as manipulation or monopoly in the business. Binance is facing a lot of challenges. what needs to be underlined at this time is not to leave too much of our money on the exchange, use it as needed and return it to be stored in the long term in a personal wallet. binance is indeed the best exchange to date, but they have been hacked even though they are also responsible, moreover FTX was destroyed due to personal problems, which is actually not appropriate to do, and if it's like that then it's the consumers who are harmed. so we have to be smart to respond to the crypto world which has many challenges |
|
|
|
Most people are hesitant about buying and accumulating towards 2024, so I'm not taking a chance this year by buying as much as I can. Since the next halving is taking place the next year, some people might choose to use altcoins, but for me personally, bitcoin is essential.Making use of this period is a wise decision to take against next year.
I think 2024 can develop for the better, many economic analysts believe that if the war between Russia and Ukraine stops then it can make the world economy grow, and for investment trends then I suggest choosing the type of investment that we can easily sell when it is profitable, cryptocurrencies can be a good alternative good because we can sell at any time. it is good to prepare for the upcoming bullish season, especially with the selection of top coins, that way we can take it easy and wait for the bullish season to come. is it true that 2024 will be bullish, that is not the main issue, because no one knows for sure, the best step in my opinion is like you are doing, collecting as many assets as possible until later we can enjoy the results, hopefully before 2024 the market will experience bullish, and we will quickly have a lot of money |
|
|
|
|
with high inflation, the necessities of human life also follow suit, whereas for those who cannot make ends meet, they look for shortcuts by committing crimes to stay alive and fulfill their desires. According to psychologists, this is common, if you have dealt with stomach needs, anything will be done to fulfill them, including committing a crime. we can see a country that has a good level of welfare then the crime rate is small
|
|
|
|
I think the title is misleading, there is no pump this year or the next year. Most likely the pump will happen in 2024 or after the bitcoin block halving. As for the analogy that the OP has posted, I guess the lesson is to buy cheap crypto right now, but you don't have to wait like 20 years to see a good gain. Right now is the right time to buy as we are in a bear market, the prices is so cheap that you can fill up your wallets, as many as you can and then wait till the next bull run. We might see massive gains that can be comparable to the dotcom profits.
I agree with you, market needs time to price in the sudden and unexpected collapse of FTX which I think has not happened yet. Bitcoin is consecutively making red candles on weekly chart & it even broke 16K this morning & fell down to 15,888. In such depressive situation no pump is likely to happen in the short term unless we hear some good news about inflation which will be good for all financial markets including crypto. In the meanwhile we should take advantage of this opportunity & continue accumulating good coins. When we make predictions it is important to not let our personal feelings cloud or judgment, I think that given the circumstances many people and I include myself there would like for the price to recover even if a little bit during the next days, but we need to face the reality and accept this will not happen, people are still in a state of panic and there are a lot of rumors circulating about the possibility of other exchanges having problems since the fall of FTX, and until people calm down there is no hope at all for a pump to happen. sometimes it seems as if we are forcing our feelings, with too much confidence, we should also be able to think logically, so that in investing according to the strategy that has been made and applying diversification. let's say we never know when a pump will occur, but the bullish season will definitely come, and of course we already have assets that one day can be harvested, that way we don't worry too much about news that isn't necessarily clear. |
|
|
|
A few days ago, Elon Musk responded to a friend's tweet saying that the price of BTC may increase by the end of winter. He also asked everyone to be patient. It means that the future of BTCL is very bright and its price will increase.
Just like most users have said on this thread, i for one haven't seen/heard of any of such tweet tbh, but it doesn't matter if there was actually any tweet like that or not, the thing is, i am shell shocked that there are people like OP who still think, or rather believe that Elon Musk, or one of their favorite celebrities do have control of the Bitcoin price and can make their predictions and get it absolutely correctly, if one still believes that the future of Bitcoin has to do with these greedy celebrities then that person needs a whole lot more education on the Bitcoin network. DYOR mate, Elon has nothing to tell you about Bitcoin as long as we hold bitcoin and have patience, then rest assured that the increase in the price of bitcoin will become real, different from if we hold a new altcoin whose future is unclear, of course this will be apprehension. about elon musk, I personally don't really believe in it, if it really goes up it means happiness, if not soon then of course there will be a bullish season. so by thinking like that we will be calm in investing |
|
|
|
Market is not suited well and all the coins deteriorated in values and by speculating these bad condition everyone has just an option to hold and keep holding, there is no one who will desire to sell because by doing so they will have disadvantage of it. I hope these low values become end in next year and all coins reclaim and things will be normalize and stabilize again.
Some people sells coins during the dip market, because they have target, everyone do lament negativity concerning bearish market while some of us do make profit during bearish market, because because the prefer to buy and sell when the price rise a little, and secondly holding a coin during the bearish time have a major disadvantage, because bearish market can continue to exist for long time. So that's why some people buy and sell to with the ratio of little profit. the price has decreased because someone is selling it, until in time many people think that the market price is too low and they are willing to buy it in the near future, so the price creeps up and this has a psychological impact on other traders to buy, until it finally continues continues and forms a bull market. therefore a whales must be able to psychologically affect traders in order to fulfill their goals, and usually in technical analysis, support and resistance become a place of protection for market movements, if they are penetrated it is possible that the trend will continue |
|
|
|
I think that this is quite an adequate desire - to want to get something at a lower price, in order to sell it later at a higher price. The main thing is to understand the very moment when the price is at its peak.
currently the market price of the Bitcoin is not sitting with the floor of 16k mark and still waiting for the confirmation of the market analysis with the use of the TA its forming a triangle pattern that if it breaks the top form there's a chance of the change of character for the price movement this takes approximate of November 19 still waiting for the right time the BTC sees the 15k already so there's a chance more. we know the 20K support area has been penetrated, and if bitcoin goes down again then the 12K area will be the next support. but are we going to wait for it to happen at 12K support, I don't think it's a good thing, because we don't know what will happen with the market. So it's best to start buying from now on in accordance with the portion of capital and strategy that we believe in, that way, if this is the lowest point, at least we already have investment assets, don't let us panic buy, so we don't get the lowest price |
|
|
|
Thank you for driving away all the sellers of smoke and speculators. Thank you for demonstrating the reality of a market that is for all the voiceless in the world. You must be happy, you got your big fiat reward after speculating with BTC. Thanks to all who made this technically possible, those who maintain the network and who have created wonderful things these last 4 years. They worked twice as hard thinking btc would get to 100k (not saying it won't get there) you have left us wonderful things for crypto.
I hope it goes down even more, how happy I am every time I will be able to get some btc at a fair price.
The fair price is whatever the people as an aggregate have decided that something is worth, so technically a price of 69k was just as fair back then as 16k is at the moment, it is our job as investors to decide when to enter the market, and without a doubt this is a very good opportunity to do so as the price is very low and there are decent chances the price will at least remain this low for some months, so we must do what we can to take advantage of this opportunity. now is the right time to buy bitcoin, where the price of 16K has occurred at the current time. if most people think the same, then i think we will see bitcoin bullish again. unfortunately many people have their own views, and maybe there are still many people waiting for the price to drop again and then buy it. I think if for long term investment of course we will be able to maximize profit |
|
|
|
|
Show Posts
