Although staking carries no risk of liquidation, there is always a chance that the asset's price could decline, bringing about lower rewards or losses. The benefits you receive for staking may also not always be guaranteed and may change based on the market and network's staking policies.
Additionally, the new exchange feature that allows users to earn interest may be a good way to generate passive income without having to worry about the specifics of staking.
The idea of staking is just to encourage investors to hold their coins and earn some percentage while waiting for the price to grow. It somehow builds confidence to holders that a few weeks from staking they'll double their rewards as they sell them. It was now a usual practice by many investors but honestly, I don't do it for the sake that I want to keep my funds secured because I know that the rewards I probably get from staking are very small and aren't convincing for me and most of all, the risks from losing them all if the platform turn scam. That's why we should wait until the bear market happens cause when that happens we can buy the crypto at a low price and start staking until the bull market starts again. to avoid from scam crypto we can choose top altcoins that have a staking feature with that we can reduce the chance we will get scam by the project. Indeed the best time to buy in a bear market and sell in a bull market, the top altcoins are certainly much safer than the new altcoins which we don't know what will be like in the future, The most important thing is to always do your research first. |
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There is no official report whether Bitcoin can help my country or not, but from some local exchanges has now implemented a tax discount for crypto sales to fiat, of course this provides input to the state even though it is still in small amounts, and in my opinion if you want to get the maximum profit then The state must legalize bitcoin.
apart from all that now we are talking about Bitcoin for ourselves, can it help the economy or can we benefit from Bitcoin, of course I think the percentage is very large for people to be able to take advantage of Bitcoin either from trade or other because the price of Bitcoin is fluctuating allows the possibility of taking a large enough profit although it can also happen the other way around if it is not based on knowledge or other things that influence. Making a profit from Bitcoin is certainly very possible but it depends on how we manage it, for long term investment it will be profitable but on the other hand it is not an easy thing too, In addition to knowledge and skills of course patience is also very necessary. |
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not only that some coin are gonna be having some massive downfall but many of them are just gonna outright dying, this is why always put attention in your investments in altcoins in general is essential, you just don't know when they gonna be delisted, and so on, basically investing in altcoin opens up much more possibility of going wrong.
If you really want to invest more safely, of course the choice is to invest in the top coins, be it Bitcoin, Ethereum and BNB are very worthy for long term investment, altcoins are more risky and it comes back again depending on each individual's decision. |
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the crypto market cannot be predicted, there are times when coin prices fall and when coin prices rise, you need to know that when coin prices go down it doesn't mean that coins are dead, especially like big coins, eth you just need patience waiting for coin prices to rise again if you need to hold it for the long term do not easily despair or you recklessly sell coins at low prices.
sometimes many are impatient when the price drops and are afraid that this is a catastrophe that will happen, even though you are right in saying that it takes patience when holding a coin like ethereum which is sure to go down or up at any time, but the ethereum coin is a very good coin , and this is a coin with a long term investment. so only by holding back will you avoid losses that could occur if you sell directly with the aim of not losing too much. Yes every coin needs to be managed differently and when it comes to top coins like Bitcoin or Ethereum surely holding them is not a big deal, because as you said that the two coins are no doubt for long term investment, i think it is the best choice. |
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Hello everyone am new here, more like a trader that got by with a bit of knowledge through personal experience (success and failure's) since 2020 but got introduced to this forum by a friend,pointing out that I can find information's and be able to communicate with other enthusiast in the crypto market. I look forward to my experience here.
P.S I have really poor knowledge on bitcoin technicalities, am more of the chart reading and gut feeling type. so I hope am not breaking any of the rules posting here.
Was really curious to understand if technical analysis is vital or just a means to reduce risk. Thanks in advance
Technical analysis is an important tool for traders as it helps identify trends in the market and potential entry and exit points for trades. While not everyone uses technical analysis as their primary means of making trading decisions, it can provide valuable insights and help reduce risks by providing a clearer picture of market movements. However, it's important to remember that technical analysis is not foolproof and can only provide a guide for trading decisions. Other factors such as fundamental analysis and news events can also influence the market and affect your trades. It would be better to use technical analysis and fundamental analysis, surely it's not an easy thing and not everyone can do that, the most important thing is to make the best decision by considering many things. |
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Here in our country, the apple or iphone14 brand can be said to be a luxury and not user friendly. The others are just buying because they are just going along with the current trend. When it comes to performance, I still prefer to use the Samsung brand whose value is 300$ and up and Huawei. But I will never buy an iphone apart from being very expensive it is not practical for my opinion and opinion.
But for others, it is their collection because they can afford to buy it.
For Iphone I think the price is indeed more expensive than Android but the quality is not in doubt, basically all of them have their advantages and disadvantages and that is normal, So it all depends on each person's preferences. |
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It depends on you what you really want to do if you have enough money to invest and have enough ideas about investing then investing is fine for you but if you don't have money to invest and if you are not used to taking risk In that case you can choose trading as your part time profession. Never think that trading is only about making money trading has the potential to make a profit as well as the possibility of losing money. Regardless of whether you choose to trade or invest, you must accept the associated risks.
Whether it's trading or investing, everything has risks and we must be aware that you can't play games because it will make you lose money, this is where the importance of having knowledge and skills because it will help, always consider before making a decision. |
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Well now the meme coin $Dino will be a favorite for some people. $Dino is the first meme coin being added to Volti Card debit card. So you can spend your $Dino like it is Bitcoin with debit cards. https://volticard.net/ it's quite interesting to see how meme coins can be used on debit cards. it seems that now developers have started to look at meme coins as a means of payment and I think that's pretty good considering that meme coins are the same as cryptocurrencies in general, they can be used for payments so this coin doesn't just depend on speculation. That's certainly a step forward for meme coin itself but it should also be fully supported, anyway we need to see what the next steps will be and it's interesting to look forward to, let's see what developments will happen next. |
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I'm pretty sure that there will be a lot of people who will claim to be research investors. but the level of research people have on a project will be very different. Personally, I also feel that I am a research type of investor because before I invest, I do research first. Even though I also have experience, knowledge, but I don't think I'm a rich type of investor. After all, I think people would assume they are the type to do their research before investing.
Right and even doing a bit of research I think someone would still say he's a research investor, regardless of what it is doing research before investing is important, however we still need to appreciate those who took the time to do that. |
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No one can accurately predict when the bearish phase will end and the bullrun will come. Although recently the market has started to improve but it is very difficult to say if in June a bullrun will come. Moreover, the market correction so far is still happening where the bitcoin price, which had previously risen above $ 30k but did not last long, fell again to the $ 27k area. Therefore, let's see how far the market will go until the end of this year.
Bullish phase has been in place since December 2022 when BTC ended its decline to $15K (IMO). Currently, the increase has reached 100% from November 2022. This means that the Bullish phase is underway. However, if what is meant by a bullish phase for new ATH, this may not yet take place, because generally bullish new ATH occurs after halving, maybe between late 2024 or early 2025. why do I say we are already in a bullish phase, in the last 4 months, BTC already showing an increase. Indeed in recent months Bitcoin has shown an increase which is good news even though it has not made Bitcoin reach a new ATH, we need to be patient to see that because indeed as you said maybe it won't happen in the near future, the important thing is to just follow the progress. |
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Usually the news is played out before it becomes widespread. As the saying goes, buy on rumor, sell on news. That is why you should not trust indicators at all. They show people's reaction to news, which have already been played out. It is necessary to look for hidden factors and signs, rather than focusing on what everyone sees.
It's true that we shouldn't get hung up on just one thing and it's better to do in-depth analysis and research, don't let our focus only be on indicators, the important thing is to keep learning what to do to make the right decision. |
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we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?
It would be good for crypto if Bitcoin falls to 10 dollars as every crypto can trade against each other rather than BTC, which has no real utility other than being the first major crypto to be adopted. This would give other projects like XRP, MATIC, and Q Blockchain an opportunity to be #1 on CMC. but the best part of this for me? is the chance of making me a Millionaire if not billionaire in soonest time once bitcoin recovered as what happened many times before. Bitcoin is proven to be carrying the best interest for all crypto investors. buy bitcoin the lowest you can. Sell Bitcoin the highest you believe in. Never Give up , for all the supporters and even not because we have seen this happening many times before. I am not sure if I could ever be a billionaire, that seems like the most unlikely thing ever. And to be fair I am not looking for that neither, since living in my nation is not really that much insane, I could just get 100k and that would be more than enough for me and it's very realistic in the world we live in right now. Crypto could get me 100k, and considering 1k per month is more than enough for me and I already make nearly 1k myself as well, I would be able to live a comfortable life. I would put that in interest, and I would just spend the extras and I would live a much more comfortable life. In order to reach that I keep investing into bitcoin and check some alts, one day I am going to reach that level, even if it takes many years. Yes it is without a doubt and as long as we keep learning and trying it is likely that we will make more profit in crypto, investing is not that easy because both knowledge and skills are also needed, what is clear is that investing in Bitcoin will be profitable, especially for the long term, it's the right decision. |
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Money drives away every feelings that makes life better. Money is truly powerful
Actually money is an inanimate object that is worshiped and adored by humans, there is no power in money, it's just that humans give power to money so that he becomes strong, as you can see, today man can tinker with money to become weak without value and power and today man can tinker with money giving him power like a devil. Example: Countries where money has no power and cannot make people better and prosperous, such as: Venezuelan bolivar, Cambodian KHR, African SLL, there money really has no power at all, super weak for that if you think that money is strong you are wrong, money is not everything, for those who know it. It is true, money is just a man-made tool, and it is an inanimate object. What is ruling the world, and whether the world has become better or worse, is all due to human behavior and, to be more precise, human greed. Money is man-made, but in the end, our greed turns it into something we have to chase after it, worship it, and blindly for it. It's sad that our world is being measured by money, even the love of husband and wife and brotherhood... are all measured in money, without money, we can never keep those relationships. It's true that human behavior has changed it all, so actually it's back to each person, almost everything is measured by money and to see that must be really ironic, but anyway that's the reality indeed. |
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If indeed Shiba Inu is going to be a private coin that would be sad,
why? because some exchanges have started delisting privacy coins,
what I'm afraid of is that shiba can no longer be trusted as an investment.
Presently, Shiba has lost it's investment aura. Only meme lovers and crypto gamblers have ever taken Shiba seriously as an investment option. Serious investors can hodlers cannot consider Shiba a long term investment. Everyone is now waiting for bull run in order to see if Shiba can be resuscitated. So, if the developers have found a new way to keep the coin relevant, they should try it out but I sure know that people who already use privacy coins like monero cannot leave it for Shiba even if it turns a privacy coin. Shiba is just currently using their plan transition into a privacy coin as a catalyst to stay relevant to the market. Those who don't hold crypto wouldn't be excited as much as those who have it. Those who hold their this shiba coin will have something new to boast for though I also think that Shiba would be a first choice for those who would want to invest into privacy coins. Those established coins like monero or zcash would ultimately the first choice of investors as they have been long to the market and has the features that is tested and use by majority for a long time now. I think the steps taken by Shiba are right and sooner or later they will continue to grow, after this maybe those who are interested in investing in Shiba are increasing, let's see and follow the progress. |
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Omg some time ago Elon Musk again shocked the cryptocurrency community by changing his Twitter home profile and as the owner of Twitter which became the symbol of Doge Coin, now Doge has increased by 24% recorded today at https://www.coingecko.com/en/coins/dogecoin there is always this behavior of influential people. Do you think Elonmusk's movement can make Doge return to the moon? it's too risky to invest in Doge and maybe this incident won't continue to happen, because I'm sure that in the future what Elon will do will not affect for Doge price anymore, because everyone is tired and fed up with Elon's tactics of manipulating Doge price, therefore I'm not too interested to investing in Doge anymore, because I'm sure meme coin won't get as hype as it did in 2021, maybe the price can increase, but it won't be very high and the risk is very big. Apart from being more risky investing in Dogecoin I think it's just a waste of time, better use that time to invest in coins that really have potential, to be honest investing in meme coins is not that exciting. |
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The market may be currently at $28K but a day ago the market was around $31K. The price of a BTC has been dumping around $3K in the space of a day.
Since you have USDT like $5K and you haven't invested in Bitcoin till now, you can wait for a few more days if the price of 1 BTC drops a bit below $28K then you can invest your 5K USDT in Bitcoin. Because between 2023 and 2024, the Bitcoin market is likely to go to a better state.
What is clear is that there is no need to hesitate to invest in Bitcoin because it will be profitable, the important thing is we have to know when to buy and sell it, for long term investment i think Bitcoin and some of the top altcoins is a good choice. |
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A nation without much economic strength is lacking behind and cannot be recognised in terms of national statistics of states of the world that are doing well it is better if we build our nations economy and not only the political area
A nation which has big economy has advantage of tourists and investors to come over to settle within and operate in there different area in life
So they must of an alternative way to raise their economic reputation to provide more opportunities to their citizens. This is what commonly happens in third world countries, that they need to rely on alliances or follow under someone's wing. Whether the economy like it or not, there are those 3rd world countries who had a rapid rise of population and in order to cater those excessive man power they must seek for opportunities outside the country, this why diplomatic relations in other countries are made and is also needed. It is true that diplomatic relations between countries are so important because it provides many benefits, Apart from student exchange work, this is of course part of the diplomatic relations, the more countries have diplomatic relations with other countries, the better it will be. |
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I think undoubtedly that there will be people holding their crypto until the bull run & beyond that, into many future bull runs. There are lots of people who think long term. People who think short term & want quick profits are usually the types who end up REKT. Patience is so important in any investment vehicle.
patience is important, but in my opinion what is more important is to do research before investing, because if we choose the wrong investment, of course we will lose our money, therefore if we want to invest in cryptocurrency, we don't just need to be patient, but have to do research too, so that in the future the price of cryptocurrency that we invest can increase and provide profit. That's true and indeed before investing it is very important to do research first, surely it takes time and at least it can minimize the risk, sometimes someone doesn't do their research first and it will only hurt. |
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What I know is that altcoins have a bigger risk than the botcoin itself, the bigger you take the risk, of course, the closer you will lose a lot of money, the risk does exist, but we can reduce it by managing money in a good way.
Yes but altcoins are still profitable and as long as we choose potential altcoins they are better than meme coins, it is important to do your own research and analysis before choosing an altcoin, Of course there are many ways to minimize that risk. |
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Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?
There are so many investors that is being victim by thier own decision and they have a very big regret in the next couple of months because of waiting for the dip. Most of us wanted to buy the dip but when the dip came we don't buy because we are afraid that dip may continue, I'll tell you honestly that i was one of this small investors who loss because of not buying and always waiting for a dip, so the best time to buy is now don't wait for a big dip, just don't sell at loss after you buy and you wont be loss. Things like that do happen often and in the end you regret not buying when the price drops, We need to learn from that experience so we don't repeat it again, We should be able to learn from other people's experiences without feeling it first. |
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