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For sure most of us here that is already been in the cryptocurrency space for years probably already experience a lot of scams here or on different platforms. But throughout the years there, you're going to gain knowledge and know if something is fishy is going on. One of the mistakes that I did back in the day was investing in scam shitcoins, believing in something that is actually new to the space most of the time there was a huge hype on new things, when defi, ICO, and new tokens are being launched most of the time a lot of people hype this kind of investments. Luckily I only invest a few hundred dollars just to try a new coin investment this kind of scam is pretty common since developers could easily get out on the projects after they already get the money from ICOs, but sometimes it could sometimes payout a big amount of money.
Luckily I didn't really get scammed into something like with real people transactions since I always get careful every time I make a transaction if I think something is fishy going on and there are a lot of red flags on the transactions I already start to avoid the transactions since most of the time we all get greedy when they already start to talk about money or prices so if they bring that out easily that might be a red flag.
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Your right Bitcoin is a digital money/currency, something like that and that is actually how Satoshi made it, and its supposed to be a digital currency but it just doesnt work like that since Bitcoin in my opinion is not suitable to be a digital currency at this moment, at some point in the future it might be possible. I mean it's already a digital currency that everyone around the world can use, you could pretty much make transactions everywhere and send it to someone if you have Bitcoin. But as a currency that everyone can use to buy or use everywhere it just wouldn't work this time, what you need to do is to convert your Bitcoin first into fiat or sell your Bitcoin to get fiat money, and then you could use the fiat money on your transactions.
It was just because of the volatile market price of Bitcoin, due to its nature the supply of Bitcoin is just too low to keep up with the demand making the market price of Bitcoin skyrocket, as well as having a lot of movement. With that, it's difficult to make it something that you could use daily as digital money. But most investors use Bitcoin as an investment taking advantage of the cycle of the market and the volatile price making a good amount of profits on it.
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I think having a money mindset is the most important thing in my experience, one thing I regret is not being responsible for how I handled money when I was just a student because even though I am just a student I already end a good amount of money through cryptocurrency, trading, campaigns, bounties, etc. I would say that I wouldn't really get the opportunity if I didn't know or have enough knowledge about financial, cryptocurrency, and investment I would really going to earn a good amount of money, so I think the forum really plays a big part in my knowledge and how I handle money.
One thing I realize is there are a lot of opportunities out there that you could see, when I graduated I started to find a job but since I was just a new graduate its kinda difficult I was still able to find a job I thought having a job is difficult but if you already have skills that needed company are the one that wants to hire you in the end. So you always have the opportunity to earn money you just need to invest and grab that opportunity.
It doesnt really matter if you have a lot of money even though you have a lot of money if you doesnt have the knowledge all of your money will be lost in the end, If you're just going to spend it and not invest it, your just gonna run out of money in the end. So having that mindset is a big thing and the key to growing your money.
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As an investor on bitcoin,I know that most people invested to make profit by buying their bitcoin and try their possible best to hold on to their bitcoin till the next bull run,which will be a perfect time to sell and make profit. My question goes like this
1. What price do you think that bitcoin will hit in the next ATH.
2. When do you plan to sell and make good profit from your bitcoin portfolio,is it next bull season or the next two bull market,because bitcoin price is always tempting during the bull run. Give me your target price that you will be happy to sell off your bitcoin.
Let's discuss.
If your going to see the Bitcoin halving timeline there was a really huge leap in the market price of Bitcoin up to 1000x is possible seeing the price from 2$ - 1000$ happened, I guess we can safely say that the price all-time high could easily be up to a million dollars in the next bull run, But you can say that x2 up to 120-150k$ is a safer bet since there are still a lot of things that affect the price of bitcoin and getting that huge amount of money into bitcoin is huge. For sure bitcoin investment could give us a bitcoin amount of profit, we all surely invest to make a profit, there are investors who just plan to sell their investment in the short term probably daily traders but still, it wasn't really bad if you're going to compare it too long term investors for sure it might be an even higher profit but it would still depend. The main goal is the bull run since it's the main cycle of the market and the opposite of a bear market, we could easily accumulate bitcoin on the bear market and then sell it later on the bull run, as well as we have a lot of room to HODL and wait for a more riskier opportunity. x2 profit is fine already but If I accum accumulate enough I have more room to wait for a higher market price to sell, probably around 200k. |
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As newbies when investing in crypto don't be satisfied with your leading knowledge attainment about crypto, endeavor to continually do research on the crypto asset's you have invested on as it would aide you on a trajectory course about your investment's. By so doing you're not easily taking by surprise on any misgiving that may arise about a portfolio you have investment with.
Another gateway to keep abreast is to get connected as a member of an active crypto community or platform. Having membership of different communities is an added advantage but make sure they are a genuine platform with a good history just like bitcointalk.
As a matter of fact, it's very unsafe to depend on a single coin. In otherwords, invest into more than one token by spreading your investment into potential coins but be careful not to invest into pump and dump coins. Above all, make sure to maintain risk management in which ever crypto asset you are investing in.
There are a lot of strategies that you could do to plan your cryptocurrency investments, You could find tons of them here in the forum, the forum is actually a great help for beginners and newbies especially learning things that could easily help them to make the right decision on cryptocurrency, we have a lot of experience members that share their investments and tips here in the forum, so for sure we can easily avoid other members mistakes. There are a few exceptions I mean if you're just going to invest in Bitcoin only your probably going to be okay for the most part, since Bitcoin is the most popular and has the most potential cryptocurrency to skyrocket it's the cryptocurrency as well that lower risk compared to alternative coins. Most of the cryptocurrency blue chips have a high risk compared to blue chips cryptocurrency, every investor should have other investments not necessarily other cryptocurrency, but other sources of income of assets, like for example a apartment or a house that could generate income, or something like a business. |
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Bitcoin hodling is something almost everyone on this forum is eager to partake in or already partaking in.
However I did some research and discovered most forum members do a lot of Bitcoin transaction, and sometimes leaves them with little or no hodlings in their wallets. Of course Some on the other hand have most of their Bitcoins as hodlings in their wallets although they still transact with Bitcoins . Holding Bitcoin is a choice however for those that have Bitcoin holdings how do you manage to minimize Bitcoin transactions to increase your hodlings.
Though hodling Bitcoins can be tempting to transact with sometimes
I mean personally, I didn't really do a lot of transactions on Bitcoin, it wasn't really that convenient compared to others like fiat or using a card as a payment method, plus it also has a big amount of fees just for a single transaction, maybe it wasn't really a big amount but you could probably make a transaction without fees on some platforms which is great. It was actually easy to HODL your Bitcoin in my opinion, I mean if you planning for the long term you could just buy Bitcoin and forget about it, I mean I was accumulating Bitcoin in the past months and I was really holding onto it really easy, the key is to have liquidated cash on you other than your investments. if you have enough there's no need for you to sell if you need some money, I think most newbies' mistakes here are investing in Bitcoin without having some sort of funds like emergency funds, savings, insurance, etc. which should be the basics before even starting to invest. |
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We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.
The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.
You can say yes they do. They do monthly savings for their retirement plan.
But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.
So what can we do then? We have so little to grow a business.
Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.
This is always a thing since most of us, for sure improving our skills and experience to get qualified for a high-paying job is a good thing and it's the easiest way to earn a stable incoming if you don't really have money, it's the best thing to do to start. Your skills are surely going to be useful especially if you planning to start and grow your business, starting your business is going to be risky for some people, I mean we just don't have control over a lot of factors that could affect our business, most of the time we think that this business is going to click, but in the end, it just ends up going bankrupt because of some unfortunate things. I mean investing and saving is always the thing if you really want financial freedom, this is you going to start. Aside from bitcoin and cryptocurrency invest there are always a lot of alternative investment where you could put your money into, the thing here is to put your money working not just sitting on the bank. |
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It has been clear that a lot of funds have to drag the price of Bitcoin to a low against previous months' Bitcoin price, bitcoin started the year 2023 on a positive note after it recovered from a major market crisis before the FTX and the rest made the entire 2022 a negative price period and also made the price of Bitcoin and another asset to plumb greatly all through to 2023 before the current price of 26k+ which seems to be the lowest base the market liquidity can close on and at the current price.
So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.
Surely what is going to happen is the market is slowly going to recover from the bear market and will get a lot of momentum until the Bitcoin halving after the Bitcoin halving up to 2025 probably we can expect and anticipate a Bull market at that point, most of the time the market skyrocket every time the Bitcoin halving event happened around 365 days of the Bitcoin halving, so we can say that around 2024-2026 bull market could happen. This is just the cycle of the market bear and bull market is always a possibility but checking the Bitcoin halving timeline we can see the evidence this is where we are going still there are a lot of factors that could easily affect the market price of bitcoin, its a volatile market price so at any moment we could easily expect a price drop just because of different circumstances like for example if world war 3 hits market cycle might get delayed on this projection on 2025. So the best thing is to get prepared and to position your holding so that at any moment you could easily be prepared to buy and sell Bitcoin, you could HODL for the long term and risk more if you buy and accumulate bitcoin early. |
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With my observation, many newbie are merit conscious to the point of posting low quality posts not because they are not good but because they are rushing to see people start giving them merit. Learning is key to knowledge and the path to success.
If I have not join this forum and learn about Cryptocurrency in detail. I never knew there is a big difference between bitcoins and the shitcoins. I once thought one can invest in any of them and wait for profit not knowing that shitcoins can hit the rock at any moment and vanish into the air.
It's a good idea, if we learn first before thinking of contributing, that will help us understand better and help others. As I speak, I am still learning and trying to know more.
If you come across posts you are not acquainted with, learn from the posts and the replies, it isn't a must for you to write something that will end up annoying others or see you as spammer.
Learning first, build our experience. Your motor as a newbie should be learn first and every other things will follow and be added unto you.
Probably most of the newbies here are, I mean there was no point in getting the pressure right since it was not a contest at all and it doesnt really have a deadline to rank up, yes merits are a good thing, and it's a good motivation for the high-quality post of the newbies, I mean even though they are still a newbie on there profile it's not like they can't teach someone or something, of course, they could still reply to some topics that they know and tell them what is the problem if they just don't know what they saying I mean we are going to see that easily if they just making things up just to post something. And no one is going to merit that post at all. We can't say that high-rank members are better when it comes to knowledge just because they are high rank, some newbies might have a lot of experience with cryptocurrency compared to some of the members as well. But if you actually a newbie and doesnt have enough knowledge yet on cryptocurrency it's normal to learn first of course since you can't teach what you didn't really know at all. |
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since 2018 which is over 5 years when I got information about Bitcoin I have lost lots of opportunity that could have changed my life because I choose to be reluctant from concrete friends advise concerning Bitcoin because, through investment of cyptocurrency many of my pals have been scammed and the downtrend movement in 2018 also got me discouraged so i concluded that Bitcoin was not worth the risk for me, and
now I have come to regret from the discission i made due to ignorance because over the years it progress has really attracted my attention, so i met a friend who is now i successful investor and he introduced me to this platform
seeing the success, growth and progress of the platform, I want to personally appreciate the members from legendary to newbies like me for keeping this platform running and going
Thank you very much for your supports and consistency
Well, I had the same thing in 2017 if I did invest that time I'd probably have a huge amount of profit right now probably I'm rich already this year but that didn't happen because I just don't have enough money to invest in Bitcoin that time and didn't really sure if Bitcoin is going to be a great investment as a student that time I did earn some profit on Bitcoin but didn't really take advantage of the low Bitcoin just because I didn't have enough money as a student. I mean we can't really take all of the opportunity but what I really am is there is always the opportunity that is going to come, so make sure to grab that opportunity next time, there are only a few lucky investors that get rich Bitcoin they just get lucky for sure they don't have an idea as well when they invested that Bitcoin is going to reach 70k$ last year. But now it's going to be easy since you are on the forum you could easily learn a lot of knowledge here that could help you on your trading and investment journey, Goodluck mate makes sure to learn from other members' mistakes. |
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Most of the methods would depend on what country place etc, you are in but in my situation, most of this would not work in my opinion. There was no choice in this you can't really cut food costs I guess since it's food also you can't really sacrifice your health in the first place so you should either do something to earn a higher salary, or cut the cost of other things on the budget, food should be the last resort if you don't really earn enough.
I mean there are alternatives without sacrificing your health you could find healthy but cheaper food options instead of eating at a restaurant you could just prepare your own food or something like that.
Coupons and promo codes were really rare in my country I didn't even experience having one, student discount was great if you are a student I just realize that its really helpful because now I have work and this small discount is really useful, Amazon shipping will make the cost higher and probably not great for international, Food delivery here in my country cost a lot more compared when your going to buy it on the store, you cant hunt anything on urban places, working on food industry is not an option I cant sacrifice my not so good job just for a little bit of food.
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If you're going to check the price projection on every Bitcoin halving we could always expect the market price of Bitcoin to skyrocket, the price around 120k$ was pretty realistic honestly we could expect an even higher than that but its a giant leap and probably a giant bubble, 2024 probably going to start around the bear months we can expect the skyrocket of the market price 2024 bear months up to 2025 is going to be huge on Bitcoin since we're having a bitcoin halving event next year and the all-time high was just amount 70k$ it wasn't even x2. I mean we see Bitcoin from 2$ to 1000$ which is a pretty giant leap so even a million dollars is possible at some point, the market is getting a lot of momentum at the moment it is available to stay around 30k$ for a long time it might drop a very low percentage in the coming weeks but to be honest I think any kind of good news or article of Bitcoin could already trigger the price to skyrocket up to 40k$ at any moment. |
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A friend of mine recently complain to me about how he loses thousands of dollars to crypto after invest in a token. He now said he is quiting crypto and now comparing crypto investing to that of gambling.
Most people hear about crypto and wish to invest in it without the knowledge of how crypto works. It is a good practice for one to learn the do and don't of whatsoever you want to put your money in. Why dealing with crypto as if you are gambling? You need to learn to earn with crypto. You gamble with crypto when you invest without adequate research and knowledge of what token/coin you are investing on.
CONCLUSION
Crypto isn't for lazy people. It involves research and continuous learning. It may look bored if money isn't made in the first few months but will definitely make you smile after months of endurance.
I mean that is why we have this forum you could start here in the forum where you could learn and enhance your knowledge to get ready on starting your journey with Bitcoin or cryptocurrency, If you don't think you do not have enough knowledge, learn more here in the forum, I think if you already think that you have the knowledge to start investing and you already have enough money to start investing, I think it's the right time that you should start investing in cryptocurrency. Everything is not going to go well that's for sure but you lower your risk since you have knowledge and know what your doing plus you could always ask for other members' advice here in the forum. Make sure to not repeat the mistakes of others here in the forum. The market is so volatile so you're gonna need a lot of patients on your investment journey, your really gonna need to put in your time and effort if you want to invest and take a profit in just a short amount of time, especially if you're going to invest on altcoins since its a riskier choice than bitcoin or other blue chips cryptocurrency, but if your going for long term on Blue chips crypto like Bitcoin you could just watch the movement of the market. |
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I read some old threads about lost Bitcoins ND this question has been on my mind ever since
If the lost Bitcoins were for instance recovered will the price of Bitcoin drop because in theory it would affect the amount of Bitcoin in circulation which will lower it's price . I saw in those threads that lost Bitcoins are considered a donation to the Bitcoin network. so if my theory is correct then we should be happy those Bitcoins were lost.
I mean if you can recover all of the lost bitcoin it will not go to affect the market price of bitcoin unless you're going to sell all of it in the market, that is surely going to affect it since there is a huge amount of lost bitcoin as well as bitcoin as wasn't been moved for years if all of a sudden this huge Bitcoin was sold in the market it would easily affect the market price of Bitcoin and potential make the market price drop easily. It is surely kind of a good thing knowing that there is a huge amount of Bitcoin that is already lost and cannot be recovered by anyone, it is going to make the Bitcoin supply low and that is going to increase the demand in the end. So this lost bitcoin is a good help on the supply of Bitcoin but at the same time could drop the market if a huge number of Bitcoin will be recovered, I remember reading something about the lost bitcoin that is own but Satoshi if it was recovered this day it is surely going to drop the market price of bitcoin a huge percentage. |
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Stocks give like 20-30% returns in an year but bitcoin and other crypto coins can give this much return in just one day. At such, do you think that increasing popularity of bitcoin has reduced interest of people in stocks.
I think in some countries, people are really shifting to crypto only and most of their investment portfolio is in the form of crypto instead of stocks. The awareness related to crypto is increasing day by day and this more people are getting included in this crowd. Stocks on the other hand become saturated, people have realized that these stocks are not as much profitable as bitcoins. Also, there are other benefits of bitcoins like it can be used for transactions. This cannot be done with stocks.
I guess for sure when cryptocurrency become popular the stock traders and money were surely divided between stocks and cryptocurrency so there are obvious effects of that. When I was getting started on investment I originally planned to invest in stocks just in my country thinking that where I should put my money as an investment, cryptocurrency as an option as well but when I learn and gain knowledge on cryptocurrency I get hooked and started trading and buying bitcoin instead of investing on stocks, I learned that cryptocurrency trading is much faster because of the market volatility of cryptocurrency. My cousin invests in our country's stock market and he told me that he's doing really well I see most of his posts on his social media post that he's doing pretty well and most of his trades are profitable, in my opinion, it is a much safer investment compared to cryptocurrency since these stocks are a local company and you could invest on long term and expect for a good profit, at the same time there are still risk since company could drop its value if its wasn't doing well. |
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Hi. I am new to the bitcoin topic, could you give me some advice if now is a good time to get into crypto, or should I wait. Thanks in advance!
I would suggest learning cryptocurrency and Bitcoin at this time since we already have a lot of ways to easily learn and get a lot of knowledge about cryptocurrency is surely going to be easy to learn if you really want to learn about it, if you really think you already have the knowledge and already have the money to invest in Bitcoin or cryptocurrency you should start right away, I mean we all know that it is a risky investment but we will never gonna know unless we start to invest and buy Bitcoin or cryptocurrency, but of course, we have the forum were you could learn a lot of experiences from other members of the forum. Make sure that you learn from the other member's mistakes, and avoid the mistakes that they did so that you're minimizing the risk of your investment. At the same time, you could use the forum to share your journey or experiences in the cryptocurrency space, if you encounter some issues you could always ask here in the forum a lot of members are experienced and know cryptocurrency which could easily help you, Good luck on your journey mate! |
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14 - Asuspawer09 Thank You!  |
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I have been thinking about trading in Bitcoin for quite some time now. I have been involved with Bitcoin for a long time but am still thinking about investing here. I used to run DPS in bank for 30 dollars per month for 5 years, this DPS will complete 5 years this month. I'll get roughly $1800, I don't think it's much of a savings to keep that money in the bank. Bangladesh is suffering from severe dollar crisis due to which many banks are likely to go bankrupt. The names of those banks have not yet been published by any mass media. Because of the economic condition of Bangladesh, I want to invest my money in Bitcoin. I still don't understand if my decision is right, please let me know your opinion
It's a good opportunity while the market price of Bitcoin still didn't skyrocket, there is still a lot of time before the bitcoin halving meaning you could still accumulate bitcoin for a good profit in the Bullrun. If you're going to check the history timeline of bitcoin every halving you could easily notice that the market price every time after the Bitcoin halving event always skyrockets. I mean you don't really need to invest a big amount of money when you're going to start if your dollar cost average to lower your risk of losing your money, 100$ or even lower might be a good amount for starting and then you could just accumulate just like saving your salary or your money but the only thing is your putting it on Bitcoin for a potential profit compared to saving that has a very low interest. Start your journey since you already have a lot of knowledge of cryptocurrency you already know what you're going to do, also you have this forum that you easily help you if you encounter some problems. |
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I mean if you're going to actually look at the Bitcoin halving timeline you could already notice the market Bullrun started after the Bitcoin halving so if the Bitcoin halving is 2024 we could probably expect that the Bullrun is going to happen in that year or probably next year at the 2025 year or probably on November/December that time. last 2012 the price still increase after one year of the halving so we could easily expect this since it happened every single time there was a Bitcoin halving event. Last 2017 there was some delay and it takes more than a year for the market price to skyrocket, but I guess the important thing here is to position yourself already on the halving. The price projection of Bitcoin every time the market price skyrocket is a serious profit we could notice last 2012 from 2$ skyrocket to 1000$, and then around 200$ up to 2500$ last 2017, as well as 7k$ up to 56k$ which is really a huge leap on the market price of Bitcoin so we could easily expect a new all-time high this coming 2024 or 2025.
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