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Bitcoin / Bitcoin Discussion / Re: Hodling vs trading
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on: November 29, 2023, 08:31:07 AM
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if i had to choose between hodling and trading, i would prefer hodling because it is much easier to hodling compared to trading which requires in-depth analysis of the market. with hodling i can use the dca method which allows me to invest in bitcoin with lower capital and hold it for a longer period of time and sell it at the right time.
hodling also doesn't require a lot of time in analysis like trading because all you need is a wallet to store bitcoin. and i can manage my investments whenever i want. so for someone like me, hodling is better than trading.
I guess it's not easy to hold as long as you would stay realistic that you'll not expect you'll make a decent return in a short period of time. When we are "HODLING", this implies that we are up to the long term game, so patience is very important in this journey because without it, we might feel the unsatisfation of waiting and could even result to panic if we witness a market dump and we didn't realize it's a normal thing for bitcoin and in the crypto market as a whole. They keyword here is "HODL'..... Follow the meaning of that and you'll succeed. It doesn't really matter how you call that. It's kinda obvious that patience is important, it works for all investments. Short-term gains are for traders. |
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Other / Archival / Re: Bitcoin volatility
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on: October 04, 2023, 03:07:48 PM
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I think Bitcoin have gain more popularity to the level that people no longer go into panic selling when any negative news about Bitcoin came up, people mostly sees it as a long time investment, that's why it's displaying less volatility.
Investors have more faith now in Bitcoin because it always fight back in value no matter how the price depreciate.
Well, more people realized that. But definitely not all of them. There are still a lot of people who want to enter the crypto world to become rich quickly, fail to do that, and abandon it forever or for a long time. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: There is a code that allows PayPal to freeze your crypto assets.
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on: September 28, 2023, 05:02:32 AM
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its pretty normal considering its coming from paypal, even the other stablecoin out there also has the same features so i'm not really surprised.
considering paypal is just company seeking profit they want to comply with all regulation there is so to not getting into problems.
after all in this product they will definitely also apply the same term and conditions that they have in their platform.
and i'm also sure that there will be many people that use it because you know its paypal even though coins like USDT and many more are actually just better.
True. I can't see any reasons to use it besides if you're not in crypto at all and have been using PayPal for years and for some reason you trust them. Anyone with a little bit of understanding of crypto just won't bother to think about using it. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers
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on: September 12, 2023, 08:19:16 AM
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Crypto influencers are just part of the community. They can be considered as the information providers. Further it needs to be our knowledge to analyse and find the right one or to stay away of its a scam. One of the popular person who had good reputation and spoilt his name over time is John McAfee. He is no more and he was much praised, but at some point he started to promote projects without reason. Cryptomarket is something highly unpredictable and the same lets crypto influencers try to make money out of the market movements.
They are not a part of the community. They usually copy posts from each other, ask pointless things to gain activity, and promote shitcoins they don't believe in just because they have been paid. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers
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on: August 23, 2023, 08:59:54 AM
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Well here is 1 crpyto influencer that we know did use his fame to rugpull. Youtuber Logan Paul has said he is working on paying back investors after his crypto NFT project called 'CryptoZoo' reportedly rugpulled.
But he is blocking his comments on his twitter account. He knows what he has done is wrong. How can we think he will pay them back if he ignores them on his twitter account.
He's not the only one with a similar case, he's just the biggest one. There are only 10% of them or less who are kinda trust-worthy. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: What happens if USDT falls down?
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on: August 16, 2023, 08:34:06 AM
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The cryptocurrency market is still relatively young and can be influenced by events that impact overall market sentiment. If a major stablecoin like Tether were to falter, it could lead to a decrease in overall confidence in the cryptocurrency market, potentially causing broader market declines.
Depends on how shaky it gets. Every now and then its price gets decoupled from the dollar, but that's only a small negative. I'm honestly afraid to even imagine what would happen to the market if usdt goes down halfway. I don't want that to happen, but I think it would be at least interesting to see how the world will react if USDT goes down. I mean, Bitcoin will come back sooner or later anyway, but a lot of influencers and scammers will fall. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Is NFT's hype over?
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on: August 09, 2023, 07:16:11 PM
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Not yet over but more likely just staying around quietly because there are still NFTs been bought and sold in the market that's why it's not yet over. The market sentiments we have dictates the trend and hype of every projects, NFTs are not exempted of that. Nonetheless, NFTs will surely began to make a hype once we are entering the bull market seasons next year or two.
But I'm not sure, there's only a slight chance for the NFT hype to return to its original state. Many of the NFT owners sell their NFTs at a low price. The NFT hype is over and replaced with the memecoin and other altcoin hype. The bullrun season still seems to be focused on Bitcoin and some potential altcoins. For NFTs, maybe only a few are starting to rise, but that doesn't guarantee to reach the top price again. I hope it won't come. NFT space is pointless and it seems like there are more scamming in this space than in any other crypto market. |
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Bitcoin / Bitcoin Discussion / Re: are you still strong holding btc
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on: August 01, 2023, 01:30:41 PM
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not too strong for me because there are many needs that I have to fulfill, little by little I have released my btc and now the remaining btc that I bought when btc was priced at 40k $ and above yesterday, and I will survive for 2024 with the remaining btc that I have however if I could afford it I would repurchase periodically
Sorry to hear that. Don't feel bad for selling it, your survival and needs are most important. Damn, the whole reason for investing is to be prepared for the things like that. When the time will come perhaps you'll buy even more. |
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