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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin is an investment on: February 03, 2021, 09:54:10 AM
I bought a bitcoin what 0.0003 BTC last year November with only money that left with me when I finished my program and named it investments, many of my friends started laughing that my money has gone and bitcoin will fall and is out of surprised bitcoin moved to 19k, 20k, 30k and 40k, so I'm excited for having double of my btc within some months, I want to know if I will sell it or withdraw it, because is a investment money not for spending.
Top Trading Strategies for Bitcoin
One that is ideally aligned to your own individual objectives, risk appetite and available capital is the best bitcoin (BTC) trading strategy. However, with bitcoin traders, there are a few strategies that have become common. They include:
1. HODLing
2. Hedging
3. Trend trading
4. Breakout trading

HODLing- Perhaps what's widely known as 'HODLing' or 'holding on for dear life' is the most popular bitcoin technique. In 2013, when bitcoin's price was dropping and a user mistakenly typed'hodling 'rather than' holding 'to suggest that he would not quit his spot, the word was coined fist. Since then, it has developed into a strategy that revolves around holding a long position on bitcoin in the hope of growing values over the long term and returning to the 2018 peaks. Bitcoin, however, is notoriously volatile, which means that losses may result from this strategy. This is why, without a strict risk management plan in place, the technique is rarely recommended.

Hedging- If they assumed that there would be a short-term decrease in the market price, individuals who already own BTC might consider hedging their bitcoin risk. In order to minimize or remove the exposure to current positions, hedging is the process of opening strategic trades. In this case, by opening a place to short bitcoin, which entails selling the asset for the current market price in the hope that it would fall, you will hedge an established holding. You will then buy it back for the lower price and benefit from the difference if the stock price had plummeted. This would mean that any loss on your original bitcoin holding would be compensated by your short bitcoin trade's benefit. There are a few financial instruments that traders can use to hedge their exposure to bitcoin, but a large majority of traders prefer to hedge difference contracts (CFDs). So, unlike conventional short-selling, which would require borrowing bitcoin to sell, you would never need to sell your bitcoin to put a short sale.

Trend Trading- One that hits consistently higher highs or lower lows is a trending market. The technique is acceptable for various timeframes, since you basically keep your place open for as long as you think the pattern can continue, whether it's hours, days, weeks or months. Bitcoin itself is, for many, a movement. In 2017, it experienced a massive rise in popularity, which caused it to hit a peak of $ 19,763.50 that year in December. The driver of the movement was that the next big thing, feeling what is known as FOMO, or a fear of losing out, was not to be missed by people. It is important, as such a common market, that trend traders stay up-to-date with any news and events that could affect their price.

Breakout Trading- In a pattern, ready for the bitcoin price to 'breakout' from the previous range, breakout trading means joining the market as soon as possible. The strategy is based on the assumption that significant volatility will start once a market breaks through a main support or resistance stage. In order to ride the trend from start to finish, Bitcoin traders will therefore aim to enter the market at these main points. Bitcoin traders will also use volume levels as validation signals and technical indicators, such as the RSI or the moving average convergence divergence, to define support and resistance levels (MACD). Once you have defined these levels, you may open up a role. Tell that bitcoin is actually trading between $11,000 and $11,050. Your technical analysis shows that it will break into an upward trajectory once it reaches the $11,050 price point. So, when the market rises to $11,051, you plan to place an entry order to open a long CFD position. Your CFD will be executed if the price rose to this amount and you could ride the bitcoin trend before your research showed it was going to reverse. Your bitcoin place will never be enforced if the market price did not ever reach the $11,051 stage.

Source: https://www.ig.com/en/trading-strategies/best-bitcoin-trading-strategies-and-tips-190813
2  Bitcoin / Bitcoin Discussion / Re: Buying Bitcoin is like planting trees on: January 30, 2021, 01:55:50 PM
Buying Bitcoin is like planting trees. The best time to do it is 10 years ago. The second best time is today.

According to multiple analyses on average daily bitcoin prices, Sunday and Monday are the best days to buy BTC. The sole reason behind this statement is that prices tend to be at its lowest in those days. There are 3 theories why BTC price is good to invest when sunday and monday. The first theory is that on the weekends, the market for Bitcoin slows down, driving its price lower on Mondays. Bitcoin prices, on the other hand, are predicted to be high on Fridays and Saturdays. The second hypothesis suggests that during the weekends, people plan to buy BTC, and execute orders as soon as the week starts. Volumes on Mondays are higher in this scenario and more cautious conduct is predicted as the week goes by. And the third theory is Usually, seasoned traders will avoid purchasing bitcoin on dates to pay 9-to-5 staff, usually in the middle and end of the month. The reasoning is simple: Bitcoin can be purchased when people have money in their wallets, pushing demand, and its price higher.

Source: https://crypterium.com/news/post/what-is-the-best-time-to-buy-bitcoin
3  Economy / Gambling discussion / Cock Fight on: July 02, 2020, 05:52:25 AM
Today I just wondering if this kind of game is just existed only in the Philippines or in the other country but most of the time is you make a research on it one of the popular gambling of the elders is the cockfight, sometimes the fight can do in any wide places that the fighter chicken can freely move. Most of the time there is derby on it that they can play legally and gather a lot of gamblers just to bet to their favorite fighter.


Photo Credit to Pinterest

Some of the places too that are playing cockfight are India, China, Persia, and now is there's a game like this in your country?.
4  Other / Beginners & Help / Re: Blockchain on: June 30, 2020, 03:35:09 PM
Most of them are already give the things you need to learn in blockchain and the only thing you need is to study this to learn more. Also, I want to share my knowledge, perspective, and a basic understanding of blockchain in the simplest form.

Blockchain let's break it down the world first

Block consists of consist of all of the information such as data, files, and records.

Chain is consists of a number of blocks connected to each other.

We are using the blockchain because we want to store our information such as the transactions and those blocks are encrypted, each block is creating another encryption and past the information to the other block and the cycle begins which example is all of the transactions we made in cryptocurrency are transparent because of the help of blockchain.
5  Other / Meta / Re: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+) on: June 30, 2020, 12:57:52 PM
Good to see that there is a notification with the use of the telegram because sometimes I do not have time to check on my profile what are the merits I have and what are the notifications came from my account it is very helpful to me. I'm looking for more updates on it thank you.

6  Bitcoin / Bitcoin Discussion / Re: Do you know job/investment related to crypto that provide stable daily income? on: June 29, 2020, 09:05:56 AM
Do you know job/investment related to crypto that provide stable $100 daily income?

Ok, so I'm currently holding few coins at the moment and I'm waiting for the next crypto ath. I'm trading on Binance but the consistency of winning is not there. I'm on the side of losing, to be honest.

I'm thinking of becoming a merchant for BTC-Paypal and vice versa but I don't know how to start it yet. I'm still doing my research on how can I gain profits from being a merchant. Being a merchant also needs trust from the community so I think it will be hard to start but I will push it to become a merchant once I finalized my case study.

At the moment, I am looking for a stable business or a stable job related to blockchain or cryptocurrency where I can earn $100/day. I know there are a lot of guys in this forum that have bright ideas and I'm hoping I can get one that I can try.

Cheers!
It is possible for us to earn $100 daily but we need to work hard. The way that can give us $100 daily is the mining of crypto currency but it is not stable since we cannot secure that the price of the crypto currency we are mining is having a high price so $100 daily is not sure but we can earn close to that price. We need a lot of good characteristics before we can have a good time with mining. We cannot also trust a lot of mining sites right now because others are just a scam site.
Source: https://www.quora.com/How-can-I-make-100-a-day-mining-any-cryptocurrency
7  Economy / Speculation / Re: Will a BTC bull market begin in July? on: June 29, 2020, 08:28:30 AM
The price of Bitcoin was hovering around $10,000 in February before the coronavirus pandemic led to the U.S. stock market to correct sharply. At that time, analysts expected BTC to pull back as the price had also rejected at $10,500 which is a pivotal resistance level.

Surprisingly, Bitcoin price dropped rapidly as it fell below $6,000, ultimately dropping to a yearly low at $3,600 on BitMEX. This caused mayhem in the cryptocurrency market as more than $1 billion worth of leveraged positions were liquidated.

According to Woo, Bitcoin was positioned for a bull market before the coronavirus pandemic affected nearly all risk-on markets. Woo’s new model, which accurately marked the start of four previous bull runs, indicates Bitcoin is preparing for another uptrend in the near-term.

Quote

How do you think?
Since the price of Bitcoin is very volatile, we cannot say that Bitcoin will be having a bullrun on incoming july easily. We can say that it may happen if the pattern of it's price has been read by us but the price movement is still unreadable and we cannot easily predict the future of it. Even if the supply and demand is the factor that can affect the price of Bitcoin, we cannot easily calculate it to know that incoming price of Bitcoin. Even if the professionals try to calculate it, they cannot get the accurate price of Bitcoin in the future because the movement still depends on the users.
Source: https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp
8  Other / Beginners & Help / Re: How to easily acquire Bitcoin on every continent (except Antarctica) on: June 28, 2020, 12:19:23 PM
I would like to share too that not only the use of Binance because we have Coins.ph in the Philippines, this is a cryptocurrency wallet the same with others that they have an exchange too it is easier and convenient to buy bitcoin. Also, I want to share what is the process to buy bitcoin here.

1. This is the interface of the coins.ph wallet, to buy bitcoin just click cash in.



2. These are the modes of payment to possible cash into your wallet and will direct to your PHP wallet that you see before[1]







3. Now you already have your PHP wallet and next, you need to convert into bitcoin by this icon.



4. Convert your PHP balance into the cryptocurrency you want.

9  Bitcoin / Bitcoin Discussion / Re: Couple was forcibly ask by IRS to sell their crypto to pay their liabilities on: June 28, 2020, 10:26:25 AM
In summary:

- Alexander and Laura Strashny filed income tax return due in 2017, but unable to pay

- they sent IRS letters proposing to pay the liability in iinstallments over a period of 6 years

-  IRS received the proposal recorded it and put in in pending status

- As of December 2018, the outstanding liability + interest exceeded $1 million

- IRS sent petition notice "Intent to Seize Your Assets" and Notice of Your Right to a Hearing.

- Petitioners timely requested a CDPhearing, expressinginterest in an installment agreement (IA) and attaching a copyof their previously submitted Forms 433-A and 9465.  They did notcheck the boxindicating thattheycould not pay the balance, and they did notdispute theirunderlyingliability for 2017.

- SO review the case and saw that they have a huge cryptocurrency investment

- SO eceived from petitioners’ repre-sentative a copy of their 2018 tax return, which reported wages exceeding $200,000, and investment statements showing cryptocurrency assets valued over$7 million.  During the conference the SO noted that petitioners were currently
- 4-[*4] withdrawing$19,000 per month from their cryptocurrency account, and she asked why they could not liquidate or borrow against those assets in order to discharge their tax liabilityin full.

- Lawyers for the petitioners argue that they are unable to draw on their cryptocurrency account to pay their liability.

- On June 25, 2019, the IRS issued a notice of determination sustaining the proposed levy, rejecting petitioners’ request for an IA, and stating that “[l]evyaction is permitted 30 daysafter the rejection.

https://www.ustaxcourt.gov/USTCInOP/OpinionViewer.aspx?ID=12258



There's no denying that the petitioners have money to pay to settled their tax liabilities. But they can't withdraw it in a timely manner, maybe they are waiting for the price to go up and make profit to at least lessen the damage. What are your thoughts on this?

Are you willing to sell your crypto to pay our debts or just go on settle it in months or years?
There are still countries that we cannot use crypto currency because they haven't yet legalize it so we cannot disobey their rules or else we are going to jail. If your country is not yet accepted crypto currency then wait for it to get legalize or migrate to another country where crypto currency is legal. Bitcoin is the crypto currency that has the biggest number of countries where it is legal since it is the first crypto currency that is launched way back 2009. I hope that other crypto currencies can also get legalize in different part of the world so that we can use crypto currency without worrying to get jailed.
Source: https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp
10  Bitcoin / Bitcoin Discussion / Re: COVID-19 a reason for Bitcoin adoption? on: June 27, 2020, 02:24:16 PM
If they force people to use electronic money and somehow remove cash completely it's going to increase Bitcoin adoption.

If not, I just don't see it happening. The only way people start using Bitcoin is if other ways of paying become more risky or less convenient.
Using crypto currency as a world currency can change the whole financial system of whole world. Let's go way back to the time we still have no currency and we are just trading any materials like gold silver and even animals. When crypto currency is used as a financial system of the whole world, that time will come back where we are trading but in the form of crypto currency so that we don't need to spend a lot of materials on making a money. Trading will be more common for everyone of us and the crypto currency subject will be added on every universities.
Source: https://steemit.com/cryptocurrency/@s-johnathan/a-world-without-paper-money
11  Other / Beginners & Help / Re: How to recognize a scam on: June 27, 2020, 07:18:30 AM
How to recognize a scam easily?

If you see these lines on their promotion banner

1. I can double your money.
2. A small amount of investment.
3. It is secured.

Those are the common things that happen to the scamming platform and also this is the line why people got encouraged easily but still making research and effort to make knowledge is worth it than being dependent on others opinions.
12  Bitcoin / Bitcoin Discussion / Re: Is it possibleTrump Will Prohibit Bitcoin? on: June 23, 2020, 02:13:57 PM
President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.

This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.

Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
Since it doesn't affect the whole economy of America then trump has no reason to ban it and it can also be the reason of America's financial system improvement because we all know that crypto currency already helped a lot of country and make it a rich country especially on the countries of Europe. Europe already legalize crypto currency in their country that makes them have a better financial system and it is the reason why their countries gets richer than ever.
13  Bitcoin / Bitcoin Discussion / Re: How to Spend Bitcoin? on: June 23, 2020, 01:35:36 PM
Hi Y’all,

I don't know how about you guys but I'm really bored being quarantined in my flat. So I did the “Best” thing possible. I started to shop online. I had some bitcoins left so I decided to spend them as well.

And it turned out that was an adventure in itself.  Roll Eyes

So I compiled my favorite options of spending bitcoins in an article, which I managed to publish on Paybis.

In case you are interested, you can check it out here: https://paybis.com/blog/how-to-spend-bitcoin/

I’d like to turn this post the best one on the topic, so I’d appreciate some
recommendations as to what other spending methods I should add.

Thanks and see you around after this quarantine ends!

Coinmarketcap and coingecko is the best site we can visit to know the ups and downs of the price of any crypto currency and we can know how to spend Bitcoin wisely on a right way and a right time because if we use Bitcoin and spend it while it is in the low value and the bullrun comes, we are not going to earn in holding it so it is better if we check the coingecko or coinmarketcap every time we want to spend Bitcoin. There are also different features in those sites that we can compute the price of any crypto currency.
14  Other / Beginners & Help / Re: This forum consisting of learned and disciplined members on: June 20, 2020, 01:47:07 AM
Most of the newbies today want to earn more money with the use of the forum those are the goal of the newcomers because of the news they've got.  The aim of this forum is to gain and give a lot of knowledge that came from different users who contribute a lot. Some of the members aim for merit but do not have good quality content.

If you want to earn the merits of the best recommendation is become unique, creative and a good content creator after that many people will appreciate your content and the merit will follow. Ranking and merit system is not a race it takes time before you will get to rank up but even it is slow there is progress.
15  Economy / Trading Discussion / Re: 20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative on: June 19, 2020, 09:28:03 AM
20-Year-Old Robinhood Customer Dies By Suicide After Seeing A $730,000 Negative Balance

I hate to bring this sad news, but I thought that everyone could learn a thing or so, specially those young traders out there who are vulnerable. Its really really sad to hear this kind of news, specially a very young kid at 20 years who ended his life.

Quote
The note found on his computer by his parents on June 12, 2020, asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” The tragic message was written by Alexander E. Kearns, a 20-year-old student at the University of Nebraska, home from college and living with his parents in Naperville, Illinois. Earlier that day, Kearns took his own life.

In fact, a screenshot from Kearns’ mobile phone reveals that while his account had a negative $730,165 cash balance displayed in red, it may not have represented uncollateralized indebtedness at all, but rather his temporary balance until the stocks underlying his assigned options actually settled into his account.

https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/#5421ac305928
I cannot also manage that problem so maybe if that thing happens to me, I am also going to kill myself so it is better if you don't start trading until you learn how to trade in a right way and how to manage your money. If you feel you are losing, stop trading and continue tommorow with a great start. I hope that something like this will be no more happen. If there will be another case like this, maybe the users are going to scared on using crypto currency and that will be a big reason for mass adaptation to occur on a longer time.
16  Bitcoin / Bitcoin Discussion / Re: Coronavirus lock down boosts on: June 19, 2020, 05:27:23 AM
In spite of the lock down, and thousands of death caused by coronavirus in Russia. There has been a sharp increase in bitcoin trading volume across Russia. The number of registered users in Binance during April 2020 was two times higher than December of 2019.
Source: https://cointelegraph.com/news/coronavirus-lockdown-boosts-bitcoin-trading-in-russia

With this kind of development in Russia, are we to expect a big price movement not only in bitcoin but to altcoin generally 
The lockdown can literally boost the number of tradings and also the number of users because lockdown tends all the peoples to stay at home and it makes the people focus on doing crypto currency so that they can earn without going outside of their house. I am not focusing on crypto currency and im just holding a coin but when the lockdown started to be applied, I started to trade and to mine so that I can earn even if I am inside of our home.
17  Bitcoin / Bitcoin Discussion / Re: WTF is going on in crypto 💣 on: June 18, 2020, 10:01:56 PM
Full Read: 📰Forrest Visions Cryptocurrency Newsletter Volume #1

Bitcoin passed the halving, and Ethereum is heading into Eth 2.0. What are your thoughts on the direction of the blockchain? We're seeing the prices increasing but do you think these network updates are priced in and will eventually come back down before the upgrades?


With the United States pumping in money into the economy, is Bitcoin going to be the new standard?


Lots of crazy stuff going on in cryptocurrency.





My fifteen-minute read goes over the recent industry news, observed trends, a highlighted coin, and my personal price predictions.
We can use every situation in crypto currency as an advantage if we have enough knowledge so anything that will happen will be a good opportunity if you know what to do when that situation comes. I hope that you have enough knowledge to survive this crisis because if many crypto users starts to give up, the crypto community will be smaller and that is not a good thing for us since the demand will go lower that will make the price goes lower too. If something like that happens, the crypto community might die.
18  Bitcoin / Bitcoin Discussion / Re: Why I like to learn and use bitcoin on: June 18, 2020, 09:28:42 PM
I'm not that much fan of continuous learning especially to secure funds and to make sure that I am transacting efficiently, but literally, we people mostly are contented from what we have especially the way how we transact using traditional methods such as transacting with fiats, and bank transfers. I have met allot of people and some of them are already old (60 above), and for them, there's no room for improvements in terms of transactions as even bank transfer is hard for them to execute that they need someone to support them while doing so.

Question arises if they are in situation like this, how can we teach them with new methods of transaction such as bitcoin or to somehow take them out of their comfort zone when in fact, their aren't really comfortable with it in a sense that they need assistance of younger generations. Perhaps, there's nothing wrong to still try and make them accept in bitcoin if we know how we can properly explain it to them. Or to use the concept of "Abstraction" which I learned from Object Oriented Programming.

The easiest way is to make sure you're not going right away into technical terms such as Encryptions, Hash Rates, Blockchain, etc. And to take it slowly by using smart analogy to correlate it while explaining because believe me, old people behaves unpredictably. Make it easy and start your conversation by offering a good meal, share some stories as you transition to tell him a new version of Gold (As I believe it can be a good example of physical bitcoin) which is virtual and anonymously created by someone up until now is not known.

Story goes explaining that they need an internet access in order to buy this virtual currency that they can use for e-commerce, or transacting with other people and it is like sending messages but instead of strings of characters, they can only send numbers in which are called Bitcoins. Another is that bitcoin is like Fungus.
Quote
“Fungi don’t have a central ‘brain,”
what is there is a decentralized networks that shares the same information, the same with fungus having a characteristics of
Quote
"resource management, reproduction, and defense strategy.”
Fungi are also undying as after the five mass extinction, they still remain on earth. That's how powerful bitcoin network is.

I'm sure there comes a portion of the conversation when they will ask how to secure their money will be or how to access it. This is when we will try to simplify things out by explaining public keys and private keys in a way that they usually know how it works such as comparing it with username and password on their facebook, twitter or Instagram accounts. Moreover, try to use analogy as your conversation goes deeper and deeper in a sense that they will understand each terms without you giving them bunch of knowledge in which they don't understand.

Of course everyone will not be interested if we are just sharing things like these without giving them something more valuable than what they normally use. Here we might want to state some features of bitcoin such as semi-anonymous transactions, peer to peer, low transaction fees for international payments, accessibility, and one of my favorite, an investment.

A dream of inviting our old citizens to bitcoin will not be possible if we ourselves lacks the fundamental knowledge about it, the best way to properly explain things is to first learn and use it. There's we can formulate various analogy to correlate terms and to lead them in the right path as they engage themselves with bitcoin. I believe that there's no boundary of ages for people to use it, that is why I like to learn and use bitcoin.
You cannot easily use Bitcoin without having a knowledge about it because knowledge is the most important factors you need to have before you start using crypto currency. If you don't have enough knowledge, there are some times that you will face a problem that you cannot solve and it will make you quit crypto currency as soon as possible. If something like that happens, more crypto users are going to quit crypto currency so we need to spread the words of professionals so that all of us can gain enough knowledge to face all the problems of crypto currency.
19  Bitcoin / Bitcoin Discussion / Re: India may again ban cryptocurrency on: June 18, 2020, 12:20:49 PM
There's a possibility of India to ban crypto again. According to an article by decrypt, "A new bill in India may be proposing up to ten years of prison or fines up to $3.3 million for using cryptocurrency."
If the bill passed, the chance of having Indian into the crypto space will be very low as the punishment is too high.
Source- https://decrypt.co/32160/india-considers-another-widespread-ban-on-bitcoin
Don't worry because India is still able to use crypto currency in their country right now since the won against the RBI or Reserved bank of India. I hope that crypto currency in India won't get banned because Indians are one of the best traders because even if they don't have crypto currency they can get rich with just trading other materials and now they are going to get richer because they have crypto currency. I also hope that other country can legalized crypto currency on their country so that peoples there can use crypto currency legally.
Source: https://news.bitcoin.com/bitcoin-legal-india-supreme-court-verdict-cryptocurrency/
20  Other / Meta / Re: [TELEGRAM BOT] Merit, Trust List, etc. [INFORMATION] on: June 18, 2020, 06:21:25 AM


Glad to use this kind of telegram bot because I'm mostly active on using telegram also it can make more easier access to my information like how much merits I already earned.
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