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The only way someone can know if a project of altcoins is fake or not is to make a proper research of that particular project and also check the sponsors of the project, what leads us to venture or invest such kind of trade is because of greediness, because greedy investors will like to invest to a place that they will make a surplus profit, and that is one of the reasons they don't bother to know if the project is a scam one or not.
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Actually the reason for this is, since Bitcoin of he first crypto coin, not all altcoins can be bought directly. For you to buy them, you first need to buy bitcoin and then swap to those altcoins. And before you can sell them, you still need to swap to bitcoin before you can sell. So its more like Bitcoin is the intermediary of those coin. So when the price of Bitcoin increase they also increase and when Bitcoin decrease they decrease, any trend Bitcoin takes they follow. However from my point of view of things, it seems they will experience the bull run with Bitcoin. Change is constant, anything can happen anytime so just be prepared for anything that might come.
I think you are right but the thing is that any altcoins that is been listed in binance have a possibility of having positivity at any point in time, what I really want us to understand is that altcoins can be purchased directly if the altcoins is been listed in big exchange platform but a situation that is not been listed I believe that it be hard before you can equally swap it to another coin base on my understanding. |
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I'm just a newbie and I don't have other opportunities to make money irl because of my place of living and age. I tried already bounties and airdrops, but I'm not lucky in it. Thanks for your advices!!!
I have not seen anything meaningful and educatuve in this your thread, but I want to let you know that in cryptocurrency, investment is only way you can make money as you expected, but the aspects of people is doing something that will make them to get free money, so what I'm saying is that we have to diversify our ways of income before we can be able to look for free money and only thing that can give you bitcoin without you buying bitcoin is a signature campaign |
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It's obvious that no trading strategies or methods can be classified as gambling, we have discussed this severally and make some conclusions points that gambling is totally different from gambling and its obvious that gambling is something that deals with luck and it doesn't have skill as trading have skill when you misunderstood trading concepts or fail to understand it very well you will not make profit
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As we enter the 2024, many people are making plans on how to achieve financial success and personally I have decided that trading will be one of my area of focus. I'm gathering information on how to go about it. Your opinion will be highly appreciated.
It's better since you are having such intension or passion in trading then you devote out precious time to learn the basics things that concerns trading, many people doesn't like to learn and understand the basic foundation of trading before they ventured into it and that is what makes than to experience lost everytime, so I will encourage who wants to venture into trading to first acquire the concept of trading through manual and youtube tutorials video before you venture into such so that you will not experience loss because not all that shines or glitters is original gold or silver |
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Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt,
If you have read the previous post of people in this forum you would have seen where its been advised that we should not lend money and go into trading and secondly if you are investing in bitcoin you should make use of your capital and establish the business of cryptocurrency and secondly, I notice that bitcoin investment is another thing that have to with plans even in trading it deals with plans and plans in trading should not make you to borrow money for investment or trading, it better you risky what belongs to you than the one you borrowed or lend. |
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Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
At first ego don't have anything to do with trading, what you will say concerning trading and I agree with you is greediness and its a greedy that makes traders to lose in trading not exactly ego, when you know your objectives in trading I think you will not be greedy to the extent that your greedy will make you to lose in trading.....secondly what causes loss in trading is when you are unable to understand the rudiments of Trading before you venture into it, secondly if we don't want to be getting loss everytime in trading I think what we are suppose to do is to learn very well of the concepts of trading before we venture into it. |
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For me yes, I am already ready for 2024 as I already started to buy a lot of altcoins and Bitcoins during the last quarters of this year.
And I am really proud that my portfolio already has profits for the total. I just accumulated since the last 2 quarters of this year.
Year 2024 is really surprising because of Bitcoin block halving as we all know in the previous Bitcoin block halvings, the market is acting different and mostly before the event, we see price rally in the market.
For me if I have a surplus money I think that I will buy more of bitcoin than altcoins due to the way altcoins operates, because anyone who is investing in altcoins should know the kind of altcoins they are investing on, because I know quite well that altcoins investment have to do with more risk and the risk of altcoins is expensive than the one of bitcoin, the reason is so many altcoins doesn't mainly survive a bullrun from my perspective. |
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This is an individual suggestion concerning bitcoin, so therefore their is every tendency that this your suggestion may come to pass base on your predictions, but one thing I want you to understand concerning bitcoin is that, in bitcoin predictions one thing most to come to pass based on my own perspective and my own understanding concerning bitcoin the price always fluctuates and it maybe possible that the price of bitcoin may decrease or increase but the way I'm seeing bitcoin I think that this year 2024 the price will cross fifty thousand [50k]
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Selling Bitcoin to BlackRock or any entity depends on your financial goals, risk tolerance, and market conditions. Consider factors like market trends, your investment strategy, BlackRock's position, tax implications, portfolio diversification, risk tolerance, and regulatory considerations. Consult with a financial advisor for personalized advice based on your situation.
Exactly, it's base on your financial challenge that will make you to rush and sell off your bitcoin when it's not needful, so I think that we suppose to have a particular period to sell bitcoin, so therefore I blame whosoever that don't know when to sell bitcoin and when not sell bitcoin from my perspective, because is good to know or learn bitcoin trading properly and it's what will enable an investor not to sell when due and when not due, so a someone who uses graph by studying the movement of bitcoin will not be the victim of selling it bitcoin directly when profit will not manifest |
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I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?
Bitcoin is more important and valuable because of it technology and you can not compare with altcoins |
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Bitcoin is still completely illegal in my country. I was first introduced to Bitcoin through a friend of mine. I first bought Bitcoin in early 2017. I bought only 25 dollars worth of bitcoins then. The feeling of making the first investment in life was different. Although I wasted that Bitcoin by investing in a third party hype site. I had a hard time losing my first bitcoin.
How did it feel when you first invested in Bitcoin?
Bitcoin is not generally adopted in all countries but I may say that majority of the countries accept Bitcoin and also regulate it but they have not legalized it, so bitcoin have become popular to the extent that many people have known that bitcoin is into existence and it will stay long time before it can be abolish if possible, so buying bitcoin and lose it has been the culture of existence of bitcoin but the thing is that we should know exactly when to buy bitcoin so that we shall not experience lose |
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Cryptocurrencies have come a long way since the early days of Bitcoin and we are the early adopters of this remarkable technology. But still the mass hasn't adopted blockchain technology or Cryptocurrencies. So, As you think, How can we bridge the gap between mainstream adoption and the complexities of blockchain technology? Share your thoughts on making crypto more accessible to the general public
In many countries they have adopted the uses of cryptocurrency because currently people is making use of Bitcoin to make payment of their bills in outside countries currently, because I know quite well that bitcoin adoption is now higher than the adoption of bitcoin in 2015, so bitcoin is getting more firm and more influence to the society depending when you understand bitcoin and how you grabbed the information of bitcoin. |
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YouTube channels created the idea that you can make a full-time living from trading, and that trading has become a full time job where you wake up in the morning, make 10 successful trades, and make $5 to $50 in each successful trade. And so you repeat it every day until you become rich, which, if it happens, means that you have an amount of big amounts or it is something that rarely happens and is not even available to everyone, so trading requires patience in the long term until you see some results achieved.
What trading needs is a continuous practicing, I understand that in trading their is one of the important thing in trading and I believe that in trading you have to understand the scope or concepts very well before you venture into trading, one of the barriers that makes people or newly traders to lose in trading is as result of lack of understanding the rudiments, making profits in trading is due to your engagement and your seriousness and inability to enter trading market when you are supposed to enter market. |
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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?
The increment in cryptocurrency market do attract other coins to increase, its obvious that when the market is against bitcoin other coins doesn't have the ability to rise, so in bitcoin conditions any other coins can fall when bitcoin is on the run of increment, so I believe very well that bitcoin increment from now till 2024 can give another shape by reaching as you predicted, because bitcoin when it falls now within a short period it increase again |
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Now the price is back above 44k. The short-term correction made some people think that the price will continue to fall. But in just a few days the situation has changed again in a positive direction. Volatility in the market is a good thing. It may indicate that the trend will continue for the time being.
People doesn't understand that bitcoin price doesn't go strictly or directly for increment at same time, it's obvious that when the prices and it takes correction by falling, it's clear that falling and rising is one of the things that makes the initial value to ascertain to get more stronger but people who is myopic for cryptocurrency price regulations will be very curious or panic to sell, and that's what makes some people to lose in bitcoin, so therefore bitcoin price don't be constant and it doesn't continously rise, when it rise and it also falls to balance the market. |
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In normal circumstances predicting bitcoin price is necessary but some of our predictions is assumptions and exaggeration, because sometimes what we predict doesn't come to pass because of wrong predictions, secondly bitcoin price is been determined by the market and the demands of bitcoin in 2024 and 2025 will make bitcoin to skyrocket to such amount you predicted that will be bitcoin price in those years you predicted, what triggers bitcoin price to rise is due to the demands if its higher than the supply and I believe that some of us have a little idea of that.
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As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?
From my perspective we are already in bullrun except that you don't know actually when bitcoin price started to increase to the extent of reaching to forty three thousand [43k] the only years that bitcoin increment rises above this particular price of bitcoin at forty three thousand [43k] is two times and I could remember that it's in 2017 and 2021 if I'm not mistaken the years, so I believe that bitcoin price in this year 2023 is doing absolutely well except that we have forgotten when the price of bitcoin started and where its right now. |
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Hi guys, Is it too late now to buy BNB? Or can we expect huge price drop in this year?
Have you seen that assuming you purchased a BNB from the time you created this thread you have make more profit, so it's good for someone to invest in any coin he want whenever the spirit or instinct permits the person to invest in cryptocurrency, so I believe that Investing in coin when their is a bearish season I think that is very good, so therefore we should not hesitate to invest when the market is fluctuating. |
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Well good for this young man to be only 18 years of age and a entrepreneur. This is not a easy thing to achieve at this young age.
And he is also a CEO for a company that does pr and social media services. So he is a smart young man.
But we must know there is many young people his age that are making huge profits from crypto currencies. I wish I could be like Youssof and invested when I was only 13 years old.
While young onces who is into cryptocurrency investment at early stage is because of awareness of bitcoin, because bitcoin investment became more proactive from 2015 and if you would have known bitcoin before then you would have invested in bitcoin, I'm using myself as illustrations, I notice what is bitcoin in 2015 and I was 31 years then and since I know bitcoin is up to 8 years, so if I should add 8 years with my age it will be high, so it depends when you know bitcoin. |
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