Bitcoin Forum
June 06, 2024, 10:31:25 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 ... 635 »
1  Alternate cryptocurrencies / Altcoin Discussion / Re: Keeping your assets safe in the crypto space.. on: Today at 02:18:12 PM
as bitcoin is about to halve this year,
Bitcoin has had its halving already. It’s been almost two months actually since it happened however you are right that scammers, as stupid as this sounds, would be even more vigilant and aggressive. It’s the bull run and they know that there is large amount of money in there. They just need to find those and take it. It’s saddening really. Just imagine how much these scammers can impact someone’s life.
2  Economy / Speculation / Re: BITCOIN will be $350,000 by August 25, 2024 - Robert Kiyosaki on: Today at 01:49:48 PM
Not really sure where Robert got this number though, but being in the market, at least we understand that this is pure speculation and I guess everyone could make a wild and educated??? guess.
It seems totally random to me. I don’t know what his basis was for this speculation. Was it his gut feel or did he actually analyze the market? I don’t think analyzing the market would point towards 350k USD in no less than three months.
Quote
So I will take everything with a grain on salt here, he might be a good investor or make millions already, but this is a different ball game for him, IHMO.
Maybe he doesn’t understand crypto that well that’s why even though he has a significant amount of knowledge about business, he doesn’t seem to have the opinions of an expert.
3  Economy / Economics / Re: Is it still possible to retire early? on: Today at 08:52:01 AM
Now it is important to note that the desire to retire early is personal because some people don't want to rest early. I just think I need to have some time to do this. I am passionate about, and in some cases, most of them are not for profit making. I also need time to explore books and learn about many things. I desire to rear domestic animals and plant some crops. I just want to be free from this rat race and modern-day slavery. Life is too short to be wasted only on work.
The concept of retirement is subjective. For me retirement age would mean not having to work and still having money enough to do my daily tasks and a couple of extra travels here and there. However I know a lot of people like doctors for example who have dedicated most of their lives to the academy and then to the hospital that still continue to work not because of profit. They just really want to keep doing their job.

On the other hand, some people can’t retire because they still need to continue working to sustain themselves and maybe their families as well. In my countries, a lot of old people are still working because they are still supporting their children. It has a lot to do with culture as well. I am aware in America, most kids move out right before college but in Asian countries this rarely happens. So there’s always going to be mouths to feed. Thus retirement can only be possible when you have more than enough money to support yourself while your kids support their own.

Quote
-Budgeting: If you don't have a good financial plan you better consider having one. It helps you to know when to reduce or increase your income and expenditure. Recently we had to cut the cost of buying imported cereals and replacing them with cheaper locally produced ones. We had to start spending money on a keyboard teacher because the children needed to learn music. It is not a basic need but we have to make provision for it. Budgeting will help you spend within your means.
I’m sorry but your examples are quite out of reach. A lot of people in low/low middle income either have to choose between eating meat or just opting for a much cheaper options. This is the sad reality that’s why a lot of people especially in third world countries can’t seem to retire early sometimes they even die working.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in stocks with crypto? on: Today at 08:24:02 AM
If I had crypto, I wouldn't sell it for fiat to buy some stocks. That will already serve as my stocks and that's why the crypto market is way better than the stocks.
Looking at the charts of the most stocks, there have been best performing over all of the period of time. But many of them didn't move a lot and if they have moved around 5% their holders are already happy on it.
Crypto has just set my expectation better and farther than it.
Personally I think crypto is what’s in nowadays. Stocks is now considered the more traditional and outdated option between the two.

If I had extra money to invest in, I’d rather invest it in crypto than in stocks. People usually say that since stocks is more stable than crypto then it’ll be a much better investment option. But I like the fact that crypto is decentralized and therefore cannot be controlled by anything or anyone unlike companies.

It still depends on the investor but I believe there’s more profit in crypto than in stocks. Wink
5  Bitcoin / Bitcoin Discussion / Re: The Technological War: Distraction and Opportunity in the Bitcoin World on: Today at 08:10:41 AM
The "technological war" has nothing to do with Bitcoin/crypto. There is a cyber security war between Russia/China/North Korea and the western countries, but nobody of the two sides in this war is weaponizing blockchain technology and cryptocurrencies.
You’re correct. Most governments are still walking on eggshells around bitcoin and crypto. They don’t know what to do with it except a lot of them are very much against with the idea of it. There are many conflicts around the world between different nations but I have never heard of crypto being utilized as a leverage against their opponents.
Quote
Do you really think that mass crypto education would solve the problem of market manipulation? I don't think so.
“Market manipulation” through whales does not have anything to do with its adoption. So the answer is no. It would be good to have more people educated about bitcoin but as long as there are rich people and the poor, whales will always exist.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing wisely in memecoins can give you returns. on: Today at 03:22:04 AM
Memecoins are always talked about in this forum and I feel like I am continuously reading the same thing.

Every day there’s like a new post about memecoin and it’s always the same questions. Do you think memecoins are profitable? Are they really useless? How to determine a good one? And etc. These posts have been answered by many people and still they continue to post the same thing over and over again.

Let me give you an example of how you can find one, especially dog-themed memecoins. Check Twitter or DexScanner, and if you see a coin that's making green or the numbers are attracting you, you will want to research and find out about that token on X to see if it's connected to any links or even mentioned by Dogecoin team members. Coincidentally, today I saw a memecoin called JungleDoge in the top 60 on DexScanner as it was trending as well, and it was also mentioned by Jordan Jefferson on X, and he even follows the project's team X account. So you can already tell I have found at least one good memecoin.
At least here you are suggesting a platform and actually contributing something new or not generic. By now people should know better than follow about anyone without doing their own research but thank you for your suggestion.
7  Bitcoin / Bitcoin Discussion / Re: Another attempt at Bitcoin ETF..You knew it was coming once BTC raised above ATH on: Today at 02:58:58 AM

Well this is good news especially for Asian crypto investors.

Hong Kong and Thailand are the ones establishing and being at the forefront of paving the way for cryptocurrencies to be considered mainstream in the continent.

Hopefully we see more asian countries follow through.
Quote
BTC rose past 70k today, 71.2k right now, and i think it will hit atleast 80k this month  Grin
For bitcoin to reach 80k, I think it needs a little extra push. I wonder what news will it take for investors to start buying as much bitcoin as they can. Maybe another speculative rumor about an etf or something else.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Are L3s worth it? on: June 05, 2024, 01:29:24 PM
I've read of this new term called "Layer-3" or L3 for short. It's basicially a network built on top of a Layer-2 network which also relies on a Layer-1 network for security. If L2s are supposedly enough for scaling, why bother making networks on top of them? It doesn't make any sense. Unless L2s have the same limitations as L1s and developers need to create L3 networks to keep fees low and speeds fast.
These layers function differently.

Layer 1 primarily functions to ensure the security of the blockchain. Layer 2 is for scalability while Layer 3 is to host applications that could be used for different kinds of utilities. Since these layers function differently, they also solve different kinds of problems.
Quote
Do you think L3 networks are necessary? If not, why? Do you think they're overhyped? Your input would be greatly appreciated. Thanks.  Smiley
Layer 3 is implemented to further improve a blockchain. Much lower fees and much faster transactions. I think there’s nothing wrong to add them especially they can make a blockchain more efficient.
9  Bitcoin / Bitcoin Discussion / Re: Australia's first Bitcoin ETF just opened for trading on: June 05, 2024, 12:31:52 PM
Monochrome Asset Management just launched Australia's first Bitcoin ETF, named Monochrome Bitcoin ETF (IBTC).
To me bitcoin is still bitcoin so even if it is ETF that is being opened in different continents, I still consider it as a win. This just shows how the adoption of bitcoin is going worldwide and we are only starting. There’s more to come.
Quote
Personally I just prefer to buy Bitcoin directly though. Maybe there is a benefit in terms of less fees?, but it's not worth it in my mind as you don't hold the key to these coins...
Unfortunately that is quite literally the point. Some people feel more unsafe about holding their own coins. They also do not want the overly “complicated” process of creating a wallet and storing the coins in there.

I am afraid that some people are just not yet ready for a decentralized world.
10  Economy / Economics / Re: Why do you think it's best to consistently use the same exchange? on: June 05, 2024, 11:53:05 AM
So, why do prefer to consistently use the same exchange?
People tend to just use one exchange for their transactions because of convenience. There’s less fees to pay for and less space in your device too. But I have heard some people use multiple exchanges because they trade in different arenas. There’s some who do swing trading while some hold for the long term.

Nowadays exchanges have become more sophisticated and advanced that it already offer a lot of things related to trading. It has tools that can be used to help one analyze a market. While some argue that you shouldn’t put all your eggs into one basket, this just entails that you should store your holdings in a wallet and only have what you want to trade in an exchange.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: I Messed up with my Notcoin on: June 04, 2024, 11:27:23 PM
I guess they sold theirs too because they are satisfied with the price
Notcoin reached its all time high of 0.02 USD just a few days ago hence why many of its investors have sold their holdings since. Notcoin continues to be the most trending altcoin so it’s no surprise that its growth is easily becoming the biggest this year in terms of altcoins.
Quote
but still there are many people are holding Notcoin look at the community they made its a huge community and I believe there are still many of them holding a large amount of Notcoin
Having a game incorporated into the project garnered a lot of interested investors, it’s also very strong with social media as it is one of the most talked about token in multiple platforms. Now that it has reached its ath, this could go two ways: either it pushes past the resistance level and reach 1 USD or it doesn’t and it continues to decline signaling an end of a token.

Personally I don’t want to run and try to catch some profit anymore. Sometimes you need to accept that it’s already too late to hop on a project and move on.
12  Bitcoin / Bitcoin Discussion / Re: Lessons from 50 Cent's Adoption of Bitcoin for Album Sales 10 Years Ago on: June 04, 2024, 12:20:31 PM
Now that Bitcoin, has proven that it's a store of value, I wonder why some people are still skeptical about it today, instead of adopting it, buy, hodl and become very rich in the next 10 years. If 50 cent, is still holding his Bitcoin, till today, even if it's a part of it, he'll surely be worth a lot more in his assets today.
Bitcoin has proved itself to be a successful venture but let us not forget that it is still a very volatile and risky investment. It is not easily predictable and there are a lot of uncertainties associated with it which scares a lot of people despite the many benefits it offers.
13  Economy / Economics / Re: Is it possible to pitch a Bitcoin investment idea and gain backings? on: June 04, 2024, 12:04:08 PM
Of course it’s possible however make sure that you wouldn’t at least be wasting other people’s time. What do the investors want to see from you? It’s a detailed business plan. Now what are the parts of a business plan?

  • Executive Summary
This is the short summary of what you want to promote. Think of this as your advertisement to your future investors. Typically this is the last one you’d write because this is just supposed to be a collection of all the parts of the business plan.

  • Business Aspect
Now this is where you will be going into detail about your product or service. The future investors need to know what you are selling, how are you going to be making it, how will you distribute and etc.

  • Marketing
All business needs to be marketed. You also need to convince your future investors that you would know how to promote your product or service properly. Marketing drives customers and customers is where profit comes from.

  • Management Aspect
Who will be part of your project and what can they do to help the project improve? Future investors need to see whether the people behind the project are actually capable so they can assess whether this project is feasible or not.


Don’t be too overwhelmed. It might be too much but if you are adamant in getting investors, you need to show them that you know what you are about to do and that they should put their trust in you and your project.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: Pepe in a Memes World on: June 04, 2024, 11:20:29 AM
What I have noticed that meme coin created on Ethereum network generally perform well such as Shiba Inu and Pepe are good examples, given this historical track record we can expect PEPE coin to perform well.
There are many projects built on the ethereum blockchain not only cryptocurrencies but NFTs as well even. The reason for such projects gaining a lot of interest and popularity is due to ethereum’s popularity alone. We all know that it is second to bitcoin and while second might sound bad, when you’re succeeding bitcoin, it’s not at all bad.

Many have full confidence on ethereum by now due to its established performance all throughout the years. Despite many successful and future potentially profitable projects ahead, we still shouldn’t automatically assume that all projects on eth would be a success.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin Future Transaction Prices on: June 04, 2024, 11:09:22 AM
Bitcoin’s transaction fees depend on its price and mempool. The more people trying to make a transaction, the more congested the mempool is. So in a future where we are assuming that bitcoin has become more popular than it is now, we can expect that its price will also spike.

In relation to its price, more people would be hoping to make a transaction. But for sure due to the congested mempool that was caused by the mass adoption of bitcoin, the transaction fees are set to be high. If you don’t want to pay higher amounts, then there’s no way your transaction will go through.

Seems pretty disappointing right? Well more people will think the same and start looking for other alternatives besides bitcoin. This may be the cause of bitcoin’s decline. If not solved now , this scalability issue might pose a serious threat to bitcoin’s demand.
16  Bitcoin / Bitcoin Discussion / Re: Don't you think you should invest in Bitcoin instead of burning your money in fire on: June 03, 2024, 08:46:34 PM
It's just because they don't know, they don't have the knowledge of it so it takes someone to tell them about it so they can have that knowledge, but to most of them they are addicted to it and it can only take the grace of God for them to change automatically.
Some people even if they are aware of such opportunities they never actually take them which is a shame for them. But that is just because their focus isn’t on the future yet. Kids nowadays rarely have that in mind. They just want to have fun so even if they know about crypto, they will not dedicate money for that.
17  Economy / Economics / Re: Hunger in a country known for agriculture. on: June 03, 2024, 08:43:10 PM
greedy rich powerful people that simply do not give a fuck about common folks.
As a Nigerian, this is to best reply that summarizes the situation of my country. And to make it worse the common folks keep worshiping the greedy rich and powerful people. It is almost as if they've been held spell bound. The greedy rich and powerful people will steal the the nation's resources and impoverish the common folks,  yet they will keep cheering them on. They are like a sheep being led to the slaughter house and despite knowing their demise is near, they do not about it. The people love their chains.
You are not the only one mate.

Many third world countries suffer from this exact same problem. People keep electing the corrupt politicians never learning their lesson. A lot of people on the senate are useless and not really contributing anything. I think many people typically only vote for who’s popular whether be that a good or a bad thing. I hope we all can do better in voting since this is our future we are talking about.
18  Other / Off-topic / Re: How to remain focus on: June 03, 2024, 08:38:12 PM
Motivation is nore vague term, you need a sturdy cause for achieving what you wanted,
You will be more focused if you only thought about a specific thing that you want to accomplish. It helps if you picture exactly your goals and how will it feel like to achieve those goals. At least that’s what I like to do to motivate myself to finish a task or do something.
19  Bitcoin / Bitcoin Discussion / Re: What is bitcoin future roles in Finance? on: June 03, 2024, 08:23:01 PM
We are already seeing bitcoin’s role in finance right now.

It is shaping the financial landscape of the future. Its technology has had a huge impact on traditional banking systems. Despite many being against cryptocurrencies, they can’t deny that its blockchain technology is one of a kind and should be utilized as much as possible.
20  Alternate cryptocurrencies / Altcoin Discussion / Re: Copy Cats of Top Memecoins: Do people deserve a second chance? on: June 03, 2024, 08:17:50 PM
Recently bumped and dumped memecoins are flooding the ecosystem space. In my country a popular musician celebrity created a memecoin and launched it and people were investing for like a week or more the project collapsed and all the investors lost their funds and they are crying now.
These people should have known what they were getting into. Never go into memecoins if you are not confident you can come out of it feeling triumphant. We all know that it is a risky move so why still put our money into memecoins? Moreover it was launched by a musician as well. That should have given you enough hint not to interact with that.
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 ... 635 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!