 Show Posts
|
|
Pages: [1] 2 »
|
That would be one of the best strategies. Because most newbie would be learning about bitcoin without having any in their portfolio, due to low confidence and trust. Most of these are triggered due to a particular event he or she or someone they know of have encountered in a certain investment. Most time alot of newbie got themselves woumded by investing in a particular altcoins due to lack of proper research. Which may have leave a certain scar that have affected their confidence but still if they have started making good research they will know that "all coins are altcoins except bitcoin" Which is superior to the others in many ways. So is only when you are learning about a certain altcoins you need to hold horses (not making any investing yet) but learning about bitcoin you can start with accumulating some quantities to your portfolio as you are learning about it. Even using DCA strategies to buy $10 per week, as time goes on as you see the beauty of investing in bitcoin you would surely increase your funds in accumulating more bitcoin and the end you will that all your efforts wasn't in vain. When you see the good changes on your portfolio at that time. I would say for newbies in crypto currency investment, if you are interested in investing in crypto or altcoins, you should first get advice from experienced people. Then it is important to gain experience from them. Then you can protect your money from loss. As, I am new to this platform. I am currently trying to gain experience from an experienced person and raise money for investment without any investment involvement. If you are interested in investing in Bitcoin, then at the beginning you need to know all the information related to Bitcoin. When was Bitcoin, how was it invented, what was its value and what is its future in the coming days? I think it is necessary for newbies to know these. I think it is the right time for you to invest in Bitcoin when you are able to acquire all the information |
|
|
|
My question now is that is it wise that I showed him the amount of Bitcoins I have accumulated before he developed interest?
It is never wise to show your wealth to others, your friend has been away from you for a long time. You don't know what's going on in his mind. So, I think you shouldn't have shown him your bitcoins. One more thing you said, you encouraged your friend about Bitcoin, but you should have told him about the disadvantages of Bitcoin. Because Bitcoin drains as much as it benefits. |
|
|
|
|
Knowledge and skills are very important in human life.
I am currently studying and trying to acquire teaching skills. Because, the responsibility of transforming a nation into a human being rests only on the teachers. Teachers work to develop the country. Among the decent people at present, I would put teachers first. Everyone loves and respects teachers. Teachers are nation builders.
So I am trying hard to acquire teaching skills.
|
|
|
|
Present, there are many altcoins in the crypto market and they have grown a lot. But it has gone down and gone again, but Bitcoin is the only currency that hasn't gone down yet, instead it's going up. I've noticed that Bitcoin has grown the most over the past couple of days, but altcoins haven't grown as much in comparison. Currently, we see Bitcoin market above $44000, I think it will bring $45000 very soon. Will Bitcoin Touch $50,000 By This December? What do you think about the way the Bitcoin market is currently growing?
Bitcoin has gained more popularity in a very short period of time compared to other cryptocurrencies due to which its value is now high in the market, its value is hovering around $41k to $43k as of early 2024. If we want to talk about the past of Bitcoin then it must be said that Satoshi Nakamoto started working on Bitcoin in 2007 and presented it to people in 2009. So, Bitcoin was invented in 2009. No other crypto has been able to achieve the position that Bitcoin's value has been in since 2009. Hopefully, its value will increase several times in the future. And the halving is going to happen in 2024, which will give Bitcoin a higher value than expected. Then the Bitcoin price will increase by several times compared to other cryptocurrencies. So, it can be said that Bitcoin is the only crypto that has achieved more success in a short period of time. Which no other crypto could do. |
|
|
|
Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
Maybe the Earth explodes with one of the planets and the world is destroyed, maybe I die today, maybe you go from owning $1 to owning $1 billion. So there are many things that can happen. Nothing is impossible. Maybe the price of Bitcoin will reach zero one day. But it is almost impossible to say when it will come. I think we may have to wait a long time for the price of Bitcoin to reach zero. |
|
|
|
People usually have the illusion that by saving money they are making a great deal, while in fact, the truth is that to save is nearly to useless when thinking on achieving financial progress in life. An independent middle class citizen, without the burden of a family on his back, can save enough money to buy the car of his dreams or the property he always desired living on, since he is commited to these goals, making a lot of effort and cuts on his expenses in order to accumulate enough money for that.
It's not easy, but not impossible, anyway. However, even though the system allows him to achieve those purchases, it doesn't allow him to maintain the patrimony and vehicle, because to possess such goods, someone has to pay yearly taxes to the government. The more expensive your car is, the higher the tax you are going to pay. The more expensive your house is and the best localized it is, the higher will be the tax to be paid.
To have to pay an annual tax for something you own and paid with your own money to possess is ridiculous...
This evil rigged system never allows a middle class hard working person to reach too further on improving his life standards. If he doesn't have a large income, he won't reach anywhere. To be a disciplined saver along decades of his life isn't enough.
Moral of the story: don't save money for more than one month. As soon as you accumulated some amount of fiat, put it into an investment and make it generate passive income for you, although you should avoid banking investments, since they usually pay below the inflation. Go for Bitcoin and assets when there isn't enough money to invest in something bigger. There is no assurance you will defeat the evil rigged system which smash common citizens, but at least you will be trying to overcome it...
I agree with some of your words but I can't agree in some cases, you said that saving extra money by reducing your expenses is actually a stupid thing to do, in this case I also agree, because if you want to save money, you must meet your needs. You have to reduce the amount of money you spend, which is a kind of torture to yourself. That is to say, you don't save at all, you save but you don't cut back on spending, rather you save what is left over after spending.In this case there will be no fixed period of savings. May be a month, a year or an era which totally depends on the requirement. Where you specify a specific period. I cannot agree with you on this point. |
|
|
|
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?
Personally I think it is almost impossible to get rich by trading. The probability of this is only 0.01% because trading is a kind of tide. And no one can ever profit from gambling. Although they gain some money temporarily, there comes a time when they lose everything in life. |
|
|
|
|
Yes, I am also reviewing BTC market price daily. Where today's price is showing around $38k and I think the price may drop further by next week. Maybe it will cost around $33k or $35k. Then I think its value will increase a lot. Maybe it's 2x or 3x. But its value doesn't depend on my words, it totally depends on people's usage and people's belief about Bitcoin.
|
|
|
|
Overall 2023 was a good year for bitcoin and bitcoiners.
Yes, it's relatable to those who took the very opportunity of starting up their Bitcoin journey and also those who kept consistent in their Bitcoin accumulation. The market was open to everyone but not everyone seized the opportunity, so putting into consideration the way the market is moving it will also accept more investors, likely few months after the halving then we expect to experience an ATH, which may not be the perfect spot to hop in. 2023 was a good year for Bitcoin and Bitcoiners. I had the opportunity to join this forum in 2023 to learn about Bitcoin, and it has helped me to understand Bitcoin and also start accumulating Bitcoin with the DCA strategy at regular intervals. The DCA strategy has always been helpful to me when I'm accumulating Bitcoin because it helps me to take care of my financial needs. We are expecting 2024 to be better than 2023 for Bitcoin and Bitcoiners, because the spot Bitcoin ETF was approved last week, and the Bitcoin halving will also happen this year. Yes I agree with you. I am new to Bitcoin. According to your information, the year 2023 was very good for Bitcoin and Bitcoin users. But for the last 7 days, Bitcoin has been going down, that is, the beginning of 2024 has not been good at all. https://www.coingecko.com/en/coins/bitcoinBitcoin Price Review Expect Bitcoin to increase in value and halve within this year. I think 2024 will be a memorable year for those who use the DCA method. We are only 2 weeks into 2024, and so far 2024 has been very good for bitcoin too, even if price performance has been a bit volatile, but who cares, especially if you may well be new to bitcoin, then you better be buying regularly and not getting too worked up about short-term BTC price moves. But hey, in the end you can do what you like, including getting distracted by short-term price moves. [/quote] Yes, I am new to bitcoin and have deposited some bitcoins for long term with DCA method and am trying to gain more knowledge about bitcoins by reviewing the market so that I can profit from short term investments. Not to mention one more thing, I am going to open a shop very soon, my shop is about 80% done. Hopefully in a few days I will be able to open my store and buy and sell products with Bitcoin. |
|
|
|
Overall 2023 was a good year for bitcoin and bitcoiners.
Yes, it's relatable to those who took the very opportunity of starting up their Bitcoin journey and also those who kept consistent in their Bitcoin accumulation. The market was open to everyone but not everyone seized the opportunity, so putting into consideration the way the market is moving it will also accept more investors, likely few months after the halving then we expect to experience an ATH, which may not be the perfect spot to hop in. 2023 was a good year for Bitcoin and Bitcoiners. I had the opportunity to join this forum in 2023 to learn about Bitcoin, and it has helped me to understand Bitcoin and also start accumulating Bitcoin with the DCA strategy at regular intervals. The DCA strategy has always been helpful to me when I'm accumulating Bitcoin because it helps me to take care of my financial needs. We are expecting 2024 to be better than 2023 for Bitcoin and Bitcoiners, because the spot Bitcoin ETF was approved last week, and the Bitcoin halving will also happen this year. Yes I agree with you. I am new to Bitcoin. According to your information, the year 2023 was very good for Bitcoin and Bitcoin users. But for the last 7 days, Bitcoin has been going down, that is, the beginning of 2024 has not been good at all. https://www.coingecko.com/en/coins/bitcoinBitcoin Price Review Expect Bitcoin to increase in value and halve within this year. I think 2024 will be a memorable year for those who use the DCA method. |
|
|
|
The most effective method I've found to reducing noise pollution is brining her some flowers, or candy. An occasional glass of wine might be necessary.
It is very difficult to say what the method you mentioned is. I think this method will increase the noise pollution.
A common problem in many countries is noise pollution. Noise pollution comes in many forms, such as car horns, loud music playing, naughty boys shouting and many other sources of noise pollution. Noise pollution has several harmful effects - excessive noise or noise pollution enough to disturb your sleep or work. Noise pollution is a legal offense in many developed countries and everyone obeys the law. But there are many countries where noise pollution laws are not obeyed by the general public and law enforcement agencies do not care.
What steps will you take against noise pollution as a good citizen of the country?
I sleep with earplugs on and top of that i keep my noise cancelling headphones. I don't listen to brown / white noise at all as that makes my tinnitus worse. But i might listen to 10 hours of sound of raining with a black screen from youtube. But that's just for protecting me. And what i do for reducing noise from my apartment? I don't play music from loud speakers, i am silent after 11pm as walls in here aren't that thick. I don't use washing machine or loud machinery of any kind after 11om but i go to shower and live my life otherwise normally. I don't speak loudly or yell, or listen to music or watch videos from a phone speaker while on public transit and i don't get the people who do. I don't party in my house, but i party where ever it's allowed. That's enough for me imho. Well done! You carry the identity of a good citizen. As a good citizen, your responsibility is not only to pay the country's taxes or follow the country's few rules and regulations. Good citizens are those who are aware of the country as well as its neighbors and think about their advantages and disadvantages. [moderator's note: consecutive posts merged] |
|
|
|
Bitcoin is a digital currency. which can be received directly from one person to another without any medium. There are three ways to earn bitcoins, the first way is you can buy bitcoins for long term investment, sell when its price increases several times and earn extra bitcoins as profit. The second way is to buy bitcoins and sell them on time. Selling Bitcoin whenever the price rises above your purchase price is called a short-term investment.The third way is to do mining. The mining method is the payment that is given in exchange for a work called earning bitcoins in the mining method. The job of the mining method is that you solve the Bitcoin algorithm on a computer, and in exchange for this work you can earn Bitcoins as a reward. who are old may know these things well. This post is for newbies. I am also new to crypto currency. I have collected this information and knowledge from some medium. https://www.bitcoin.com/get-started/what-is-bitcoin/#what-is-bitcoinIf there is any mistake in the writing, please let me know so that I can correct my mistake. |
|
|
|
Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.
Bitcoin is not a crop, Bitcoin is a digital asset that gives you total control over your money and no third party can decide when you can make use of your Bitcoin, and you can also send money to your friends at ease with Bitcoin. Your strategy is only for the people who want to hold Bitcoin for the short term and this strategy will make you not get a good profit from your Bitcoin investment, and you can still miss out on Bitcoin because you will be waiting for the price of Bitcoin to drop, so you can rebuy but Bitcoin price keep make an upward trend. I will advise you to use the DCA strategy in accumulating your Bitcoin, the DCA strategy will also control the volatility part of Bitcoin on your Bitcoin investment. For instance, if you want to buy $100 worth of Bitcoin, you can divide the $100 into 10 places and use it to buy Bitcoin weekly until you accumulate the $100 worth of Bitcoin you want to hold. Thank you very much for giving nice idea about Bitcoin. And I compared bitcoin to crops for example. |
|
|
|
.
- in which case it really doesn't matter when you buy specially since that strategy is a long term one and whether you buy at $5000 or $5500 doesn't make much difference when price goes up in long run as it doesn't matter if you bought at $220 or $240 back in 2015 now that price is 25 times more!!!
I am a lerner in this thread. I am following this thread regularly and trying to learn all information related to Bitcoin. According to your information, if I buy some $0 bitcoins now and hold them long-term, how much profit can I get after 4-5 years? Can you give an idea? |
|
|
|
|
Bitcoin is a long term high yielding crop. The crop that takes a long time to produce is also very profitable. If you had bought $550 worth of bitcoins in 2015-2016, $550 would have grown about 15-16 times. One piece of advice I have for everyone, which I'm very keen to implement myself, is to say you have $20 and invest it in Bitcoins, and then invest $20 in Bitcoins, so at one time you have $20+$20. = $40 will multiply.From there you keep a portion of the profit for yourself and reinvest it with Bitcoin. At some point that $40 of yours will turn into almost $400. Thus $400 to $4000 then $4000 will influence you towards success.
If there is any mistake between the words, please correct it.
|
|
|
|
|
No one should ever give advice that is against the laws of your country. My advice to you and your friend would always be to respect the laws of the land. If your friend is so interested in crypto then he should go to a country where crypto is legal and many people in that country are involved with it. Or you have to wait until your country declares crypto legal.
|
|
|
|
|
There is no such thing as a human being, let a human being speak like a human being. Regardless of the current market for BTC, after the S2F model halving in 2024, its value will increase significantly, and again in 4 years, it will likely increase more than the 2024 value. If I could I would buy BTC and invest.
|
|
|
|
|
I might not be wrong if I compare Bitcoin to business. In trading, the price of a product is not always the same, the trader has to buy and sell according to the price of the product so that he does not face loss. With that in mind, I liken Bitcoin to business. Bitcoin goes up/down in value just like a trading commodity. Which will expose you to both profit and loss.Since your friend told you about the profit of Bitcoin, the formula should have also highlighted the downside. There are both pros and cons to investing in buying and selling Bitcoins.
One more thing, it is very important to be careful about your wealth. Otherwise you may face a great danger.
|
|
|
|
|
A self-educated person never likes and does not enslave anyone. Day by day people are becoming more educated and less dependent on government and banks. In the modern world there are many trusted workplaces for earning. For example we can put the script Almost many people in the world have put their trust on the script.
|
|
|
|
|
Nothing is impossible. I think there must be another coin like Bitcoin. Because, if someone thinks that I will invent another coin like Bitcoin then maybe another coin will be invented which will become known among people like Bitcoin.
|
|
|
|
|
