Bitcoin Forum
June 23, 2024, 08:25:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 177 »
881  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: July 23, 2023, 09:51:21 PM
I have been debating about it with couple of my colleagues whether stay on rent or buy a property.

Let's assume, you are well capable enough to buy a new property through bank loan. Your income supports the mortgage payment so banks are willing to lend you money.

What will be the best route to take? Buy the property or stay in a rented place?

The usual appreciation rate of your property value is around 10% owing to the development work that are ongoing. For rented property, your rent increases by 15% every year.

What's the better option for you and why?

For me it's better to stay on your rental property because if you buy a house and you live there then you buy a liability, I mean you could probably loan a house then still don't leave there then let it be rented as well with that the house if paying for itself. That is just because you don't really have a plan to sell the house since your just planning to live there right? so it wasn't going to be an asset but a liability on your side.

Your gonna need to have a lot of sources of income, multiple income streams is the easiest way to get rich and earn a lot more money, if you're going to buy real estate and your going to live there then you just keep up your lifestyle instead of making more passive income, It's just my personal thing but for me, if it is just so expensive to get a real estate yet then maybe you should focus on making more income yet and be wise with it. But maybe it will still depend on what is your situation at some point.
882  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 23, 2023, 04:54:09 PM
To all those who read my opinions in different topics, you know that I'm cynical towards BlackRock's Bitcoin ETF because of the vague wording used about hard forks in their registration statement.

I want to get that out first before making the "shower thought" for the topic.

From an investment perspective, OK, I'm curious if anyone knows, when was the first modern ETF for Gold issued? Wikipedia says it was during 2003.

Quote

The first gold ETF launched was Gold Bullion Securities, which listed 28 March 2003 on the Australian Securities Exchange, by ETF Securities and its major shareholder, Graham Tuckwell.

https://en.wikipedia.org/wiki/Gold_exchange-traded_product


Zoom out Gold's chart to the maximum and look starting at 2003. Merely my two sats, but believe it will be the same for Bitcoin. It will have one of its greatest price trajectory we have ever seen during the next real bull cycle. Perhaps the same as 2015 - 2017, perhaps more?

I know franky1 doesn't believe it, we have debated about it before. Although he made a good point, he didn't consider the Cabal's long term, and possibly unlimited, printing of fiat.

 Cool

On the road to $500,000.

I think 500,000$ is actually realistic for the next bull run, the next bitcoin halving event could easily trigger the market to skyrocket, and based on our experience with the bitcoin halving it could easily boost the market price up to 1000% easily right after the bitcoin halving, if we are going to look at the bitcoin halving timeline chart we are going to notice the price increase right after the bitcoin halving. Last 2013 when bitcoin halving happened the market price last 2011 was just around 2.54$ and skyrocket up to 1007$ which is really a lot of pumps considering that bitcoin is just a new technology. Then the next bitcoin halving skyrocket the price to 2500$ and then the next one is up to 56k$ which is really a big pump, if you're going to base our price projection on that we could easily project a 500k$ up to a million dollars, but still, there are a lot of factors that could easily affect that because that is just a lot of money that needed to be put on bitcoin to pump that price. When institutions start to invest as well I think that is what is going to trigger that.
883  Other / Beginners & Help / Re: Getting started : Guide me on: July 23, 2023, 04:26:22 PM
I have recently joined the exciting field of cryptocurrencies and heard about this forum as a perfect launchpad to start my journey.
Honestly as a beginner, I'm eager to participate in bounty campaigns and explore various free earning opportunities.
After roaming around in this forum, now I am little bit confused where to start.
So here I invite all experience members to give your valuable thoughts and guidance for me.  Smiley

Start on the forum starting learning about cryptocurrency what you can do is start posting here in the forum, your going to learn a lot with just doing that. You don't need to start your own topic yet you could try to main discussion or comments on so many topics here around cryptocurrency, also start saving money so that you will have funds to invest soon. If you think that you already have the knowledge needed and already know what you're doing, plus you already have the money to invest in cryptocurrency that's the time you could start your investment journey already.

Plus you already post a lot in the forum probably when that time comes, if you have a lot of quality posts you're probably rank up as well and you're going to be able to campaign in the forum as well which could give you income as well, I mean the forum is not a big competition so there was no pressure if you didn't rank up but what is important is the knowledge and information, experiences of other members are one of the best things that you could use to make your journey easier.
884  Bitcoin / Bitcoin Discussion / Re: Farmer's Bitcoin Investment on: July 23, 2023, 02:34:56 PM
In real life I am a farmer.  Working all day in the farm. My uncle was also a farmer. He came to know about Bitcoin from his friend around 2019. His friend told him that Bitcoin can earn money.  So he expressed interest to know more about bitcoin, his friend told him details about bitcoin. His friend also told that there can be profit or loss in bitcoin investment. After knowing all the content, he kept some money from his savings and invested the rest in bitcoin.Then around 2021 he earned a good amount of money from Bitcoin. With the earned money he bought land in his area. His success made all the farmers in our area interested in Bitcoin investment. With the help of my college teacher, all the farmers in the area formed a cooperative society. And  Slowly save money. Then invest that money in Bitcoin. I am one of them.

Bitcoin may be worth 100k$ around 2025. Then maybe we can earn from Bitcoin.  And we can go further in agricultural development.

I mean Bitcoin really is a great investment and he gets lucky in believing in Bitcoin when he bought it, As a farmer its difficult to get in information on the internet and his friend was really kind in teaching him about it, and he really got it since he believed on his friend advice to invest on it. I mean if you think about it your uncle probably wasn't really into new technology at that time so he's really lucky to even bought Bitcoin at that time.

For sure bitcoin will be big on the next Bitcoin halving event and I really think that the 100k$ is realistic for the next bull run, especially after the Bitcoin halving event, I just after bitcoin halving a lot of institution, banks etc is going to invest on bitcoin as well and that is what is going to boost bitcoin momentum pushing its limit and surpassing the all-time high. As long your uncle already going to earn a fair profit on this bitcoin he could already sell it at any time, but he should wait for the next bull run to see and test what is the best price to sell his bitcoin. Also, other farmers should not be greedy thinking that they might be lucky as well when they bought bitcoin, cryptocurrency is still a risky investment.
885  Economy / Economics / Re: The whales stirred. What should we expect? on: July 22, 2023, 11:58:59 PM
The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

I mean the still the main goal of these whales is to earn a profit, I mean for sure most of the investor's goals are just to earn a profit, and the time will come that they will sell their bitcoin on the market that for sure, But this wasn't actually a bad thing since they are still investors and traders having whales have good and bad things as well, One of the things that they affect is they can probably affect the market movement because they own a huge volume of cryptocurrency or bitcoin, think about it if a group of whales plans to buy or sell a cryptocurrency or bitcoin if they start buying a huge amount of bitcoin at the same time that could easily pump the market, meaning they could easily manipulate it, if market price other investors is going to buy as well thinking that the price is starting to skyrocket but then when whales think that it is a good opportunity to profit already they will sell and drop there holding at the same time. I mean we all wanted fiat because that is what we can use to buy, but that doesn't mean that they are completely moving to fiat, because cryptocurrency is a form of investment so if there is a huge opportunity again they will continue to buy cryptocurrency again.
886  Economy / Speculation / Re: Should I buy now or I should still wait for the dip? on: July 22, 2023, 11:36:05 PM
Introduction:
Bitcoin is a digital currency that can be used in different ways, both in buying and selling of goods through per-to-per transfer and also in investment which many users of bitcoin are interested. People invest in bitcoin because it flustrates in price either the bearish that people buy and in the bull that they sell. Bitcoin also trend in the eco-space that everyone who is good in the latest technological ideas in the world key into it. Therefore, I should not be exempted for joining the trend and start my journey. I am also aware of the risk that is involved but that will not be an excused to the journey. What's matter is the determination. The price of bitcoin is unpredictable but yet people guest it correctly. Bravo for those guys.
For the crypto space, some people prefer trading to investment while some prefer investment to trading which I might also fall unto and some are for mining.

I wanted to start my bitcoin investment journey but I look at it that the price is still high to start the investment and I am waiting for the price to go down to $20k to $25k or below. Is that a procrastination? If yes, when is the best time to start the journey? Now that the price is still high? Will bitcoin go down again? The way it stand, it looks like it would not go down again until the next halvining and the bull to come. Bitcoin price was good to invest last year which was $16k to $19k but I was not having cash to start the journey but now that I have small cash let me start the investment.
To What Extent Bitcoin Price Will go for the Bear Market
Bitcoin start the year 2023 with a good price and the price in in this year is much more better than last year 2022 and those who invested last year 2023 would not say that this year do does not favour them. And we have spent 7 month in this year and the price of bitcoin right now is $30,277 that is, the price is sliding down compare to last week. So where do you think the price of bitcoin will end for the bear market before this year will end?

To What Extent Bitcoin Price Will go for the Bull Market
As it is said, bitcoin price rised to $20+k from late last year after the bear market and in  this year the price rises to $31k, so what is your speculation on the price before the end of the year?

I mean no one can accurately predict the market that's for sure so we really don't know if the market will stay at its price of around 30k$ or if is it going to up or down to 15k$ or something like that, we cannot be sure because there were just so many factors that are affecting the price of bitcoin, just bad articles or news could easily drop the volatile market price of bitcoin. I'll recommend you buy bitcoin and start accumulating bitcoin right now set a minimum price and buy bitcoin every week, because if your just going to wait there is a possibility that bitcoin is not going go down to 25k$ and it would just stay around 30k$ and then after a few months just completely skyrocket to 40k$ or 50k$ then you just lost a big opportunity with that, so what you can do is start buying right now with the minimum amount that you set then buy bitcoin weekly or monthly something like that, if the market price drops increase the amount of bitcoin you buy, and if the market price increase lower your buying power. In that way, you could guarantee that you will get a good amount of profit when the market skyrockets on Bullrun.
887  Other / Beginners & Help / Re: Every Bitcoin holder Should Take a Cybersecurity course on: July 22, 2023, 11:18:53 PM
Every Bitcoin holder has to learn about cyber security. There are so many phrases like not your keys not your coins. There are topics covering how to secure your private keys, how to be careful and watch out for phishing emails, links, scams, keylogger and many others. For me the two most important reasons why every bitcoiners should take a personal course on cyber security are because crypto wallets are attractive to hackers and cybercriminals. Secondly, malwares and keyloggers ...there are too many malwares that try to record our details from the backend without our knowledge. Lastly, if the keys is yours, then the coins are yours, it lies on you take a cybersecurity course to learn sophisticated ways to protect your non-custodial wallet that has your coins.

I think that there has never been a time when bitcoiners should take personal Cyber security courses not for commercial purposes but for personal reasons for them to learn how to stay protected and secure their crypto assets.
What do you think?

Well, I completely agree with that, cryptocurrency space is a very dangerous world because of so many hackers, etc. Every day they are trying a lot of ways just to compromise your device, accounts, wallets, etc., and if you really don't know how you're going to protect yourself from these hackers you're going to get hacked for sure. I mean we do notice that most of the people that get hacked are newbies or beginners just because they didn't have a lot of experience and knowledge on how they can protect themselves from these hackers. So before even starting or planning to invest in cryptocurrency or bitcoin you should study how you can protect yourself from this kind of space. So taking courses is really recommended because it could easily save you a big amount of money. I mean we need to continuously learn anyway stay updated on what's happening on the internet because every day there are new ways hackers are trying, most of the time if you are not familiar with how the hackers work they could easily trick you, so always avoid a lot of red flags, and always think before clicking something on the internet.
888  Economy / Economics / Re: What is the difference between banks and big whales in crypto? on: July 21, 2023, 09:29:25 AM


I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.



There is no reason for us to trust banks or whales because their purpose is the same as ours is to earn money to take care of life. No one is good enough to help others without getting benefits for themselves, if in their position, we would do the same as them, all need money.

But I disagree with you saying that banks are useless. Do you use banking in your life? Banks are more than just depositing money and receiving interest, as you said they are an institution and provide a lot of services to users. If you need to borrow money then only banks and centralized institutions can lend you money, bitcoin cannot do it for you.

Yeah your right, I guess even though I don't personally like banks it's still a great platform I guess since it is very convenient compared to other platforms and there is nothing really we can do about it because it is a part of how the currency circulates in our country, the easiest way to save money is just to deposit it on our banks I mean it wasn't really a great interest compared to other savings that there was no risk. Here in my country, I could probably find up to 11% interest including the bonuses where you need to actively use the platform in order to get that kind of interest but if you're just going to save your money there, the interest would probably be 2.5% to 3.5%. It wasn't that bad but while you're still saving money it's a good addition I guess. Of course, there are a lot of platforms where you could easily use banks compared to cryptocurrency, and banks/fiat money are just already accepted and trusted by the people, but it is just not recommended to put a big amount of money because we should use our money to work for multiple sources of income.
889  Bitcoin / Bitcoin Discussion / Re: How to know a good bitcoin investors! on: July 21, 2023, 07:33:43 AM
People who really understands what investment is all about, took time to plan and scale their income weight, Period of plan and period of investment. Bitcoin investors know when and how to invest weather trading or mining there is an appropriate time for it. And as investor you're not expected to hit and run or even eat up your profit. You've to give it time to grow hip hop and accumulate more. That's why in most cases I trust bitcoin investment to any forex or others channels, in bitcoin one hardly loss it all especially if the value of units coins remain safely.

How do you know a good investors?
* they're futuristic
* they're planners
* they're financial manager
* they're risk managers
* they're projected

That's how to know a good investors of bitcoin who do not see challenges but the possibilities of making their future work.
Bitcoin is a good assets to invest on but it's also has it own risk which you must learn.

I mean good investors are the ones who make the research before even starting to invest in something, calculate the risk and reward of the investment if it is worth the risk, or invest into some of the investors just going to start investing right away without even considering the risk of the investment because they are just afraid that they might lose the opportunity, But I think calculating the risk of an investment is just one of the ways to know if you're going to invest into some projects if your investment is going to be 100$ for example and you calculate the price projection of 100k$ I mean that just worth the risk since if you're going to earn that kind of amount or lose your 100$ it was just a 100$ and in the end, you could easily recover from that lose, but the project of the project was great and if it becomes a success you earn a good amount of profit. I mean it's better than losing your opportunity to that kind of investment. For sure as long as you have the knowledge and know what you're doing you're going to earn a profit.
890  Economy / Economics / Re: What is the difference between banks and big whales in crypto? on: July 21, 2023, 01:25:35 AM
Banks are earning big profit from our deposits, they earn bigger than the interest that we get from our deposit because they put a bigger interest rate through thier borrower's or lenders, i think bank is not too far from big whales in crypto they buy or collect coins in dip and they sell in bull and they earn bigger from the holders that sell at loss  they are almost the same or what? What dou you think?

There is a big difference in that, banks are earning on investments, and interest and use the money that you save for them and invest it in other stuff that could possibly generate money, I mean whales are different they will not give you a loan something like that they are just people who hold a big amount of bitcoin I mean yeah they buy and collect bitcoin and possibly manipulate the market since they have a big amount of bitcoin. These whales are just investors like us as well, banks are different because it's an institution. I mean banks are centralized platforms compared to whales that hold cryptocurrency that is decentralized, you could probably say that they both have a huge amount of assets buts that's the only similarity that I can think of.

I mean we can't really trust both the banks and the whales, banks are just no use since the money you save doesn't really earn a good amount of interest on it as with inflation it just wasn't recommended, whales as well hold a huge volume of cryptocurrency so it just makes the investment risky because when they sell it is going to make a huge effect on the market making it drop a huge percentage.

891  Economy / Speculation / Re: Bitcoin is ready for $40k on: July 20, 2023, 03:58:46 PM
It is obviously going to happen at any moment now Bitcoin could possibly skyrocket to 40k$ that's for sure I mean yes there is a bit of resistance around 30k$ in the past day and it already climbs to 31k$ in the past few days but still we notice that the price still didn't drop a huge percentage even though the FOMO hit even though the XRP drop its article and announcements, we can expect a drop in the coming weeks that I think it could easily bounce back because it's already gaining its momentum. I mean most of these things doesnt really matter as long as you already position yourself in the market you could just wait for the market price to skyrocket, I already accumulate a lot of Bitcoins in the past months after the bull run big drop, and I'm still buying until now even the market price is kinda high compared to the past weeks, I just increase my buying power every time the market price drop and lower it when the price increase it wasn't a big difference that when the bull run hits after the Bitcoin halving for sure it's going to be a big profit.
892  Other / Beginners & Help / Re: What offence would warrant a user getting a neutral/negative feedback?? on: July 20, 2023, 03:06:30 PM
I keep seeing this on the forum and I'm a bit puzzled. I know that this is a place where knowledge is shared and gotten, services are also rendered and for you to render your service here you must have at least built a (good) reputation for yourself before someone can do business with you.

Why I'm bringing this question up here is to actually know what can cause you to get a neutral feedback because I know you can be slapped with a negative feedback if you've been caught breaking the rules or you were reported to have scammed someone or another offense, but I don't really get the reason for a neutral one? Is it like a warning or something?

Most of the tags are just feedback so neutral is self-explanatory that just means it's neutral feedback to your account meaning it wasn't negative or positive feedback usually it was just some comments on your account. There are some instances where members get a red tag from other members if they think that the users did something that is against the rules or probably accuse of something but if he did redeem himself or the accusation just wasn't true some members will just revise that feedback to neutral. It wasn't some kind of warning like you said I guess the easiest way to describe it is a comment but you could use it as well as a warning some members used a neutral tag as a warning as well as alarming other members to be careful making transactions to this profile something like that. It was also used in lending if you loan to other members they will tag you a neutral tag about the loan and then revise that in the deadline if you're going to pay or not. Neutral usually doesnt have any heavy consequences compared to a red tag, so just make sure to follow the rules to avoid getting a red tag.
893  Bitcoin / Bitcoin Discussion / Re: Don't expect everyone to embrace Bitcoin on: July 20, 2023, 08:39:06 AM
The earlier we understand that bitcoin is not for everyone, the better because it saves us the time and energy that we would have used to convince those who are uninterested, to move on to those who are interested and it can also drive adoption faster. I've read some threads here of some people trying to convince their family members on the positives of Bitcoin and get enraged if the said members don't share the same opinion as them but I feel everyone is entitled to his opinion and while some regard Bitcoin with outright disgust like Charlie Munger, there are some who care less of it's existence.

Bitcoiners have the opportunity to stand for something and that's eliminating the need for central authorities such as the government and banks and rather than forcing everyone to confirm to their beliefs, it's better to find an audience worth serving. What's your take, guys?


I get your point but maybe they just didn't know what is Bitcoin and what is its potential right? Of course, there are other reasons but if you know Bitcoin know its capabilities, potential, what it can do, etc. are you going to invest in it? Of course, right I mean I'm going to do it for sure. But I guess there are for sure some that are not a fan of Bitcoin since it a decentralized and there are people that are not going to like that even though it's a great structure.

Convincing your family is not mandatory if you know Bitcoin it doesn't mean that you should teach it to your family members or kids, but I mean it's not a bad thing but if they want to know about it, it's a good thing since your spreading bitcoin to your family and it helps a little bit to the bitcoin adaptation, Bitcoin is already getting popular to a lot of countries, It is still going to adapt on its self and in the future if the Bitcoin continue to adapt a lot of people are surely going to get interested and possible to like it because of its potential etc.



894  Economy / Collectibles / Re: [FREE RAFFLE] 520th ฿ECAUSE I AM STILL IN A GOOD MOOD-CYPHER HODL LOADED BALLET on: July 20, 2023, 07:41:03 AM
90 - Asuspawer09

Thank You!  Smiley
895  Economy / Economics / Re: Building a prosperous business on: July 20, 2023, 03:56:12 AM
Most beginners in starting a business would probably choose a business that is on a trend since they think that if they copy other businesses they might get the same success, I mean it might actually work but most of the time it wasn't go as planned, I see a lot of business owners who try to start a coffee shop because it's kinda trendy here on my country everywhere you go you could probably find a small coffee shop business, you could probably try to learn it but it if you're not good at it it's better to find other business that will work for you, I learn that you should create a business on your field or where your good at, like for example if your good at cooking at stuff the most obvious business is a restaurant something like that. If you are good at graphics or something like that you could start a printing shop because that is just what you are good at you could put your time into that and for sure it's going to be a great business because you're already good at it and you know what you doing. You have a point we need to plan everything not just the goal of creating money.

896  Economy / Speculation / Re: $30000 is becoming the resistant price on: July 19, 2023, 11:44:09 PM


Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

Not really since we easily reach over 31k$ last time because of XRP news in the market, I think for now its the resistance, and it's kinda difficult for Bitcoin to surpass that market price but for sure it can easily surpass that price in the coming months, A lot of bitcoin is slowly accumulating Bitcoin and I think if the market stand by at this market price I think its going to skyrocket to 40k$ easily this year. Bitcoin might probably drop below 30k$ because there are some short-term investors that are going to sell their Bitcoin for sure, and they might want some quick profit, and it's a small percentage drop so some might get afraid of HODL.

The market is looking great in my opinion and the price today doesn't really matter a lot since I'm not planning to sell my Bitcoin yet, I'm aiming for the bull run and well on the right track from 15k$ to 30k$ this day and we still have the Bitcoin halving event I think it could easily skyrocket the market price triggering the Bullrun for sure.
897  Other / Off-topic / Re: Want more BTC? Why not just stop drinking booze! on: July 19, 2023, 10:54:25 PM
Do you drink alcohol? I recently quit and feel great! For me this is related to Bitcoin, since I am much more optimistic about the future, and have some brain left to learn all about blockchains and smart contracts. How about you, are you doing well on most days?



Drinking wasn't completely a bad thing I mean as long as you drink responsibly and moderately you should be fine, I drink alcohol sometimes if there are some occasions and I wasn't a big drinker as well and Im good as well as my investment in cryptocurrency. I mean it's a great drink if you're going to celebrate something but if you drink with your friends that was just the best thing, the chitchat was just great with alcohol.

I mean as long as you have discipline and really wanted to earn some profits, you're going to start investing, saving, etc. It is just all you want, alcohols are not really that expensive and it wasn't an everyday thing, so as long as you manage your spendings avoid unnecessary wants, I mean just to make sure to not buy something that you can't afford, manage your salary make sure you don't spend over your budget, save a big percentage of your salary. This wasn't a big deal so just, enjoy both drinking and investing at the same time its that easy.
898  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a digital gold on: July 19, 2023, 03:34:19 PM
Bitcoin is often referred as "digital gold" due to it scarcity and decentralized nature.because their will only be 21 million Bitcoin in existence which gives it scarcity and makes it resistant to inflation.this limited supply to achieve through a process called mining,where new Bitcoin are created at a decreasing rate over time.bitcoin is decentralized because it operate on a network called Blockchain,which means it's not controlled by any central or government.similary,gold is not control by any entity.

I mean yeah, Bitcoin was called on so many names like digital gold, digital currency, digital money, etc. Bitcoin is a great investment but if you think about it if you compared it to gold it might not be that similar, we know that there will be 21 Million bitcoin so in the future we are sure that the supply of Bitcoin is still 21 Million and it's great because if the supply cannot keep up with the demand of the market, that will end up pumping the price of bitcoin, as bitcoin continues to become popular the demand of Bitcoin continues to increase and that could easily trigger Bitcoin. But if you think about gold we just know that it has a high demand on the market but we don't really know the supply of it I mean yes we know gold is a natural resource so it might be rare, but who knows we didn't explore the whole world yet, but I guess gold has some kind of value into it. Still, I would invest in Both just to diversify my portfolio.
899  Economy / Economics / Re: Should I Use Emergency funds or Sell my Assets ? on: July 19, 2023, 10:42:49 AM
I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been  five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?

We all know that cryptocurrency is a risky investment and it isn't easy to HODL your bitcoin unless you have savings that you could use if you experience problems and badly needed some money. Make sure to only invest money that you could afford to lose on cryptocurrency because if you are not careful you could possibly lose it all if you invest all of your money in cryptocurrency and then you didn't have savings something like health insurance if you needed money if your sick or one of your family members is sick where are you going to get that money your just gonna end up selling your cryptocurrency and probably end up with a lose.

I think in your situation you should use your emergency funds since it's for an emergency, if you use that money you could avoid selling your cryptocurrency assets meaning you're avoiding losing money, but I guess if its a good time to sell and you could make a profit if you sell if you make a decision to sell your cryptocurrency it doesnt matter since you already make a profit another opportunity will come to reinvest your money again on cryptocurrency or other investments.
900  Economy / Speculation / Re: Be patient and you will be there soon. on: July 18, 2023, 04:49:36 PM
Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

It's a good time to HODL since we can already see the momentum of the market, from the past months around 15k$ all the way to 30k$ is not that bad its already a decent movement and a lot of investors are getting the hype because of this movement, I mean we all believed on Bitcoin and surely a lot of us are waiting for the Bullrun because that just where the profit is, I invested on Bitcoin when the price drop around 15k$ I was lucky last Bullrun since I sold around the all-time high probably around 65k$ around that I sold my Bitcoin and now I did reinvest some of my holdings already and spent some of it as well on other investments and assets, etc.

Since I bought at the bottom I have a lot more room to risk my investments because for sure when the market skyrockets and it already surpasses an all-time high FOMO could easily and hype could easily scared the market in the end, we know the risk of cryptocurrency most of the time it's a big bubble it could easily skyrocket its market price but at the same time it could easily crash. I was planning to sell for around 100k$ or probably around that price, but for sure I not going to sell it all, I'm going to sell by a percentage every time the market price pump with the I can lower the risk and get the opportunity to reinvest in case the market didn't continue to pump.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 [45] 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 ... 177 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!