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6001  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH to $10K? on: July 10, 2021, 04:01:06 PM
Well Ethereum is one of the few coins that does indeed outperform Bitcoin at times. Every now and then when Bitcoin pauses its bull run, it does happen that Ethereum catches up and reduces Bitcoin's dominance. As the two have fundamentally different value propositions, it does also make a lot of sense. If the new upgrades can be rolled out perfectly, that's another good sign for an upwards movement over the next few months. If it will be the ATH again, who knows.
Maybe it needs some time for the upgrades to affect the price because as long as the bitcoin price does not increase, ethereum will also not increase. But I guess the price can move for a little to give a chance for people to make a profit. After the next upgrades, I think we will have to see another announcement related to the upgrades and hopefully, at that time, bitcoin can start increasing, so ethereum will have a chance to increase. It is better to prepare since the update will happen soon.
6002  Bitcoin / Bitcoin Discussion / Re: Elon Musk and Jack Dorsey agree to talk about bitcoin at an event in July on: July 10, 2021, 03:33:30 PM
I hope it will trigger bitcoin price to increase without Elon can stop Grin

I hope Jack can be careful with Elon after what he did before because Jack does not know what Elon will think later. Hopefully, that meeting will not impact the bitcoin price and only increase after that meeting.

Before that meeting, I think there will be news from Elon or Jack about what they will discuss to predict what will happen to bitcoin later.
6003  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin spinoffs devalue Bitcoin over the long term? on: July 10, 2021, 02:47:50 PM
no, it will have no effect on bitcoin in the long run. although in the future there will be another hard fork and produce a new copy of bitcoin, there will be no significant impact for bitcoin development. because people prefer to hold BTC, and assume all copies are altcoins. if it is possible to devalue bitcoin, it should have happened since the first hard fork. but the reality is not like that.
The hard fork of bitcoin will not have a chance to compete with bitcoin because they are split from the main bitcoin blockchain. It is no problem if there are more hard forks because that will not affect bitcoin. Bitcoin price itself will still increase as we predict, while the hard-fork coin can not follow in price. Yes, the hard-fork coin will be an altcoin, but that can help us profit too as bitcoin, but the profit will not be bigger.
6004  Economy / Economics / Re: Cryptocurrency is the biggest investment opportunity in the future on: July 10, 2021, 01:30:01 PM
In the future, governments will start using their own digital currencies instead of fiat money. When it happens, cryptocurrency market can still exist but there will be only the powerful ones left then. And I believe that cryptocurrencies will still maintain being the best alternative to digital currencies which are developed by governments.
Hopefully, that will happen in the future. Meanwhile, we as crypto users need to use this opportunity by having many potential coins from now on so that we can have a  better life in the future when that time comes.

But we need to be aware of the bad news that will always come to the market and make traders panic and do not know what to do. You need to keep your bitcoin and not panic like them.
6005  Economy / Economics / Re: The first rule of investing is saving on: July 10, 2021, 12:37:40 PM
as an example:

I allocate funds to invest in Bitcoin for $100 per month. although the price of Bitcoin in the market increases in the following month, then by continuing to invest $100 in that month, so the amount of Bitcoin you have will be less than in the previous month

or with the second picture option, if one or two months later the Bitcoin price drops, then keep investing $100 and you will get more Bitcoin.

as a result, with this method of disciplined mentality and being patient, without being affected by the Bitcoin price going up or down, then by continuing to invest $100 and keep investing.


Note: this is just my personal input, doesn't require you to trust it 100%, all back to your research and discoveries in doing various alternatives so that you can continue to get used to saving from an early age.
It is a good example to describe what @OP says. Maybe people will decide how much money they will use but from that example, they will know that investment in crypto needs constantly and continuously and have a range frame time to invest in bitcoin.

If they do that for, let say, one year, they will see their investment value will increase. But if their investment value decreases, they can continue to invest in bitcoin and allocate more money.

It needs the discipline to invest in crypto because that will not be easy as the market can increase or decrease in the future.
6006  Economy / Economics / Re: Which cryptocurrency do you decide to invest in for the long-term? on: July 10, 2021, 11:33:01 AM
I am a newbie who has just entered the currency circle, and I am very interested in the crypto market.
I want to try to buy some coins, but now I lack the analysis and judgment of the crypto market. Which cryptocurrency is more valuable and has appreciation potential?
Buy some coins is not recommended if you do not know which coin you should buy. You need to research for that coin but you can invest in bitcoin as other people did. Bitcoin will be more valuable than the other coins, but you should have some altcoin to help you make another profit and check ethereum, bnb. Those two coins will be enough, especially if you have bitcoin so you have three coins that you can make a profit in the future. You need to make a plan of how you will going to buy those coins and need to determine how much money you want to use for your investment.
6007  Economy / Economics / Re: Why is cryptocurrency bullish in the long-term on: July 10, 2021, 10:28:06 AM
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?

So far, cryptocurrency is promising to many people to make money and we already saw that many projects really give people a chance to make a profit. People can survive from bad days in a good day from crypto. Talking about the analysis, people learned so many things from the internet and they have a different lesson that will improve them in making money.

Although crypto has a bear or bull trend, in the future, crypto will have the bull trend again and even we are now in the bear, that will change soon. We need optimism and still work hard to survive in this bear trend because once we can pass this, the bull trend will come and give us the chance to make a profit.
6008  Economy / Gambling discussion / Re: signs of gambling addiction on: July 10, 2021, 09:23:01 AM
Borrowing either from family or anyone outside to gamble is a no-no once you see that sign, you should know you getting addicted to gambling. Gambling is made for fun in a free time anything outside that is a wrong signal.
For addicted people to gambling, borrowing money will be their only way to have money and continue to gamble, which could be a sign for the addicted person. Maybe they will lie about what they will do with that money. We can admit that playing gambling is just for fun but we do not know that people out there use gambling to make money. They know about that, but they still playing gambling and finally, they become addicted to gambling.
6009  Alternate cryptocurrencies / Altcoin Discussion / Re: Why altcoins are rampant in the market on: July 10, 2021, 08:20:13 AM
We can still allocate assets to cryptocurrencies without a problem and we can choose to invest in bitcoin or altcoin. But you should use bitcoin for your main investment and use altcoin for a secondary investment. Bitcoin can work as a short and long-term investment but altcoin will be good for a short-term investment. If you see the altcoin start moves to the high price, that will be the sign for you to sell your altcoin and wait for the next downtrend to buy the altcoin again. The altcoin can give you a profit besides bitcoin, so if you have potential altcoin, you can expect to profit from the altcoin.
I agree with you. I would also personally choose Bitcoin as a main investment then make altcoin a secondary choice for investment. Of course, in choosing what altcoin to invest with, I must research on what is the coin that has the most potential of producing profit so I could maximize the opportunity. Some might see the crypto industry as messy because of the numerous coins and projects existing and being introduce, but this is just a diversification that also present diverse opportunities.
Maybe for the altcoin, you can select the top 50-100 altcoin list not to feel it is too wide to analyze. You can get more than 3 potential altcoins that you can select to buy but always analyze before deciding. Yes, we need to diversify our investment and have bitcoin, but altcoin can also profit, so I am sure we can get additional profit by selecting the right altcoin. When we can have more than 5 potential altcoin lists, that will give us more profit later.
6010  Bitcoin / Bitcoin Discussion / Re: What if all the currencies in the movie are Bitcoin? on: July 09, 2021, 05:44:20 PM
If they use bitcoin as their currency in their movie, that really helps the bitcoin popularity because many people will watch one of those movies and know the bitcoin existence. If they have a big curiosity about a new thing, they will try to search for bitcoin and follow what others did. The day for bitcoin to be used by many people out there will come. We will see only patience and wait for more and have faith that it will come true.
6011  Alternate cryptocurrencies / Altcoin Discussion / Re: Why altcoins are rampant in the market on: July 09, 2021, 03:21:25 PM
We can still allocate assets to cryptocurrencies without a problem and we can choose to invest in bitcoin or altcoin. But you should use bitcoin for your main investment and use altcoin for a secondary investment. Bitcoin can work as a short and long-term investment but altcoin will be good for a short-term investment. If you see the altcoin start moves to the high price, that will be the sign for you to sell your altcoin and wait for the next downtrend to buy the altcoin again. The altcoin can give you a profit besides bitcoin, so if you have potential altcoin, you can expect to profit from the altcoin.
6012  Economy / Gambling discussion / Re: signs of gambling addiction on: July 09, 2021, 02:28:07 PM
If you have a passion and always think gambling or trying to make more strategies, it could be you are addicting. I think the sign will be different between one gambler to the others because they will not show the same sign. Maybe one gambler will show about thinking gambling games many times in front of people, but the other people addicted to gambling can hide that they have been addicted to gambling. But if you just focus in one thing and that thing is gambling game, that could be another sign.
6013  Economy / Speculation / Re: Anything particular causing these declines? on: July 09, 2021, 01:58:51 PM
China continues to suppress Bitcoin, ban Bitcoin mining, and close mining farms. The Chinese government bans Bitcoin transactions, and FUD from China has a certain impact on the price of Bitcoin. This impact should be temporary. China's repeated attacks on Bitcoin have not been able to defeat Bitcoin's status.
Yes, it is. First, the tweet from Elon, second, the news from China, and third, the news from Binance. I agree with what you say that it is temporary because we know what happens to bitcoin a long time ago. Even if there are many negative news releases and make bitcoin price drop, it will not stay at that low price forever because the price will be back and will increase. Maybe that can make the price got dumps, but the pump will come after that because bitcoin is strong.
6014  Bitcoin / Bitcoin Discussion / Re: Will people who ban Bitcoin in some countries give up Bitcoin? on: July 09, 2021, 12:33:21 PM
China and some other countries have banned the use of cryptocurrencies and the only way is to hold-term but some countries where the law are flexible citizens carry out p2p transactions. I believe this action by some countries will affect the economic life of the citizen.
I guess that will not stop people in China from buying bitcoin because they now have many ways to continue accumulating bitcoin. They can buy and hold while they can wait for the next announcement from their government and I think China will lift the banned and allow their people to use bitcoin. But for mining, that is still difficult because they need to use renewable energy to run the hardware not to disturb the electricity reserve in that country. Hopefully, that ban will be only temporary.
6015  Economy / Speculation / Re: The market is full of opportunities to come on: July 09, 2021, 11:23:36 AM
This week and month have continuously put bitcoin price to a slow move down and price now at $32,575 showing no sign of immediate recovery. Since the Elon musk tweet, the price of bitcoin has continuously dropped. As to what prediction is analysing, many are still hodling on and expecting more bear correction before deciding to buy. If buy orders are yet to be made, you can be sure that the bear will still continue.
I do not expect the price to go down below $30k. If that happens, it can make the market panic for a while. I am sure people who still believe in bitcoin will hold their bitcoin and buying more at every low price. But it is hard to predict when the bear market will end so I guess we need to calm down for more. I guess the price will still be like this month because we already see the market is not moving up or down too far.

There is still some time to buy bitcoin since it seems the price is going to remain close to the current levels during the short term, however we must not get complacent, many people make the mistake of thinking this is going to last forever and prefer to not buy until they accumulate more capital but since we do not know when the upward movement will resume then there is a possibility that the longer you wait the bigger the chances that you do not buy bitcoin at the current price which will be a total waste.
Hopefully, that will happen like that. If the price is down below $32k, it will be a good time to buy bitcoin as the price now is at that price. Maybe this time, we need to wait for a while because the price gets a red candle which we do not know if that can come back to the high price or it will still go down. If people do not try to accumulate more bitcoin from a small amount, they will be too late to do that, especially when the price starts increasing.
6016  Alternate cryptocurrencies / Altcoin Discussion / Re: What do you think about Baby Doge? on: July 09, 2021, 10:16:36 AM
Elon Musk has used Doge enough as a manipulation tool. He will now strengthen his wealth into new assets. Elon Musk acts as a whale and earns incredible money. Like Doge, Baby Doge can't be a long-term investment asset. Take your profits in the short term and never get attached to such shit coins.
Elon will still search for a new tool to manipulate the market and we know that. Maybe we can use Baby Doge for short-term investment and sell it when the price increases. We already see that a token like Shiba already increases so that Baby Doge can follow the increase. But it is better to profit and leave the market because that token is hard to increase so high. So be careful and always research before doing something.
6017  Economy / Trading Discussion / Re: 2 Simple Ways Crypto Whales Manipulate the Market on: July 09, 2021, 09:16:50 AM
Whales always win in cryptomarket and I think it's a good idea to ride on their strategy to gain more but the problem is the capital. Small investors have only a limited capital unlike crypto whales. As small investors or trader, you should take advantage of the situation and follow the direction of those whales because if not you will be in a great losses.
The whales can do many things to manipulate the market. Usually, they can make traders or investors panic because of something that they say to the public. If they do that, we need to calm down to see if they are trying to manipulate the market or it will happen to the next. But unfortunately, even if we say that we need to calm down, we sometimes forget and still panic, especially if the price is plunging drastically.
This is normal in human nature, to panic especially if you are looking at your bloody portfolio, but you can still control that bad emotion by looking back at your strategies. Whales wants to make more money by just manipulating the market, either they create fud or hype, they sell or buy that's how they works and we should learn how to ride with them even if its too impossible to know the next move of the whales. I also believe in an organized market manipulation, I'm pretty sure there's a group working for this because whale alone can't manipulate the whole market.
Indeed. If we can remember and back to control ourselves, that will not be a problem. But unfortunately, once traders lose control, they cannot control themselves because of the panic from losing the money. Sometimes, the whales use the current news from the outside to make traders panic and buy or sell instantly because the whales really know how to shake the market. Our job is always to calm down, think twice and analyze more to figure out what is happening to the market. The whales can manipulate the market but they can not do that forever.
6018  Economy / Trading Discussion / Re: 2 Simple Ways Crypto Whales Manipulate the Market on: July 08, 2021, 06:09:27 PM
Whales always win in cryptomarket and I think it's a good idea to ride on their strategy to gain more but the problem is the capital. Small investors have only a limited capital unlike crypto whales. As small investors or trader, you should take advantage of the situation and follow the direction of those whales because if not you will be in a great losses.
The whales can do many things to manipulate the market. Usually, they can make traders or investors panic because of something that they say to the public. If they do that, we need to calm down to see if they are trying to manipulate the market or it will happen to the next. But unfortunately, even if we say that we need to calm down, we sometimes forget and still panic, especially if the price is plunging drastically.
6019  Economy / Speculation / Re: Overview of the Market on: July 08, 2021, 05:11:21 PM
Hopefully, that will happen this month but if we check on the market, the price does not break $35k but down to the lower price we see this hour, the price is back to $32k. But the chance to back to $33k or more still there and we only need to wait and have patience. But we do not need to feel sad if, somehow, the price can not back to $40k this month because bitcoin will still have more times to increase in the future.
6020  Economy / Trading Discussion / Re: Bitcoin is not made to apply taxes on it - BTC economic model is different on: July 08, 2021, 04:22:08 PM
If the government buys cryptocurrency, it means that it supports and is optimistic about it. This will have a very positive impact on the market. Many countries do not realize that cryptocurrency is legal and legal, so they can only profit through taxation.
That will not be a problem for the government if they can only profit through taxation because many people will try to use crypto. And once they have the money, the government can start the tax for them. Maybe that will happen in the future once the government realizes what they should do after they accept crypto to make crypto grow more than now. The government can try to mining crypto use their unlimited resources and we know they can do that easily.
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