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301
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: DOGE surges as Twitter change its website icon to Doge
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on: April 05, 2023, 09:01:03 AM
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~snip~
Or is it has something to do with the matter of Elon's lawsuit in regard to market manipulation with Dogecoin?
Well we know how much Elon power is to certain crypto so no wonder when Twitter changes its logo Dogecoin surges 20%. As investors, we shouldn't FOMO just because it surges 20% since it can be a temporary price increase. Manipulation is not new in crypto just like the government manipulates many crypto assets so they can buy the crypto at a discount rate. |
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302
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Bitcoin / Bitcoin Discussion / Re: I still believe I am on the right path
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on: April 05, 2023, 08:54:35 AM
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~snip~
You are not too late, you just find the reason to keep supporting Bitcoin, to keep holding your Bitcoin bag. My confidence in Bitcoin is now 100%.
Don't get FOMO just because we see people say that Bitcoin/cryptocurrencies are able to give us 10x profit in a day but we should do our own research before investing in any instruments especially cryptocurrencies. Everyone will keep trading Bitcoin since they use their experience and knowledge to earn more and those for holders will use their patience to earn more. |
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303
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Bitcoin / Bitcoin Discussion / Re: How to convince a sceptical person to buy Bitcoin ?
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on: April 05, 2023, 08:50:56 AM
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Although within this community Bitcoin is practically the only currency in which everyone believes, just look around a bit and we will find thousands of people who think otherwise.
At this point I wonder, what reasons should we give these people to make them realise that Bitcoin is a right choice? The first argument that comes to mind to convince a person who is sceptical about Bitcoin, is first of all that with Bitcoin you no longer need to delegate the custody of your money to a third party (banks, mutual funds, etc.): you are the master and you hold them. What else would you add?
Just show them the graph from Bitcoin listed on the market cap until today, if they still don't understand then they're one of many people who lost the opportunity to get the current price since we won't see another price like $1, $10, $100, $1000 anymore. Also we can tell them the pros of cryptocurrencies not only Bitcoin but the other altcoins maybe the will be interested in altcoins rather than Bitcoin. |
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305
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Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead?
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on: April 04, 2023, 11:30:44 AM
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altcoin will never die, because there are still many investors who believe to investing in altcoin, indeed for now the price of altcoin has fallen very far from the ATH price, but this is actually your opportunity to invest in altcoin that you want to invest, because if the price goes back up to ATH price or even create a new ATH price, then of course you will get a lot of profit from investing in altcoin at this time.
I agree many people will keep investing in altcoins since many people hope to see the altcoin that they invest will 20x in the next bull run. Also, altcoins will make something like NFT, Games P2E, metaverse, etc. go booming because of many altcoins become the bridge to those people who want to invest in those projects. |
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306
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Economy / Economics / Re: Money as a store of value...
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on: April 04, 2023, 11:24:04 AM
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~snip~
Since money is accepted as a store of value, trade is much more efficient.When an individual or business accepts money in exchange for a goods and services, the seller can store the money in a bank account and retrieve it later in the future.
Good luck with your money, personally I will choose gold over fiat as the best option. Unlike fiat which will be under the pressure of inflation, gold will protect our money from inflation in long term that's why when there are many negative about a country like a war, bank collapse, etc. people will tend to move their fiat money to gold or other instruments. |
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307
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Economy / Economics / Re: Banks are a business, and you are the cash cow
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on: April 04, 2023, 11:19:40 AM
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That's how a bank works and that's why I'm using crypto right now not storing a lot of money in my bank but instead storing it in Bitcoin as an investment value and buying some real properties instead. But if I'm not using a bank I will get some trouble making transactions in my country since not a lot of people accept cryptocurrencies as a payment.
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310
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Economy / Trading Discussion / Re: 1$ per day crypto investment plan any good ?
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on: April 03, 2023, 04:35:59 AM
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Is 1$ investment in crypto every day enough? I'm making up to 10$ per day and I don't want something that will tie me down financially since I have other things I'm using the money for aka responsibilities so all I can afford is 1$ per day, also is BTC the best option with this 1$ per day?
You can try to invest in all altcoins with your 1$  , you can hope that 1$ in every altcoin can gain for 10-100x in the next bull run. Bitcoin is not a bad option if you want to do that but if you want to take a risk then you can try altcoins. As long as you use the money that you can afford to lose then altcoins or Bitcoin is not a problem. |
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311
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Economy / Trading Discussion / Re: 2years of trading!
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on: April 03, 2023, 04:33:50 AM
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~snip~
discipline is most important to trade like a robot, discipline matter more than winrate. I suggest this two books , 1. disciplined trader , 2. trading in the zone , if you can't afford these books then there are so many websites availed to download for free or you can watch summary on youtube 2 times .
Discipline will help us in every matter, like when we study in school we need to discipline to achieve great results, discipline in the work to achieve a result that our co-work never had. In this case, having discipline in trading is one of the many things that traders should have besides knowledge, capital, etc. Without discipline we will easily feel greedy, and can't control our pattern/strategy when we trade. It's advised that we should have discipline from we're still kids so it will easy to bring our discipline to trading. |
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312
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Economy / Trading Discussion / Re: Crypto or Forex?
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on: April 03, 2023, 04:29:43 AM
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Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
At least with Forex, you won't feel the volatility of crypto, both fundamental aspects are really important to their price. It depends on your comfort if you're looking for high profit, high risk then you can try crypto but if you looking for low profit and low risk then you can try forex. If someone chooses crypto over Forex maybe crypto has big potential from their utilities |
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314
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Alternate cryptocurrencies / Altcoin Discussion / Re: We are about to enter altcoin season, what do you think?
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on: April 02, 2023, 05:54:20 AM
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From the historical chart and according to recent observations, the onset of Altcoin season appears to coincide with the stabilization of Bitcoin prices. As Bitcoin's volatility decreases, traders are seemingly turning towards accumulating altcoins, indicating that we may be on the cusp of an Altcoin season.
What is your thoughts? Are you agree with the point?
I agree many people will take this opportunity to accumulate more altcoins and hope when the bull starts they will get a profit like 10x, especially those altcoins with low marketcap will easily pump and get 10x in a short time. |
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315
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Economy / Trading Discussion / Re: Will you advice a new trader to join a trading community or group?
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on: April 02, 2023, 05:43:18 AM
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I'm a member of a Trading community on telegram but I barely have to communicate there but rather I watch the whole discussion over there and follow or learn from what experiences others are sharing and this is one thing I will advice newbies do when coming into the trading industry.
There are alot of scammers out there who promise to give trading signals and after for money to join their vip trading signal which I don't approve of such because I don't encourage people depend on signals from others but rather use those signals to direct or make their own final decisions.
It isn't a bad idea to join a trading community bit it isn't a nice idea to rely solely from informations and signals gotten from those communities especially if it isn't profitable for long
Yeah, a lot of random people message me in telegram also, they're offering something like a trading signal and a website that can earn money easily. New people who just join in crypto will easily fall into the scammer trap, so I guess it's better to find a friend to guide new traders so they won't easily fall to the scammer persuasion |
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316
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Alternate cryptocurrencies / Altcoin Discussion / Re: Banks are collapsing. Will Bitcoin and other cryptocurrencies rise from here??
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on: April 02, 2023, 05:33:52 AM
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Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
Most people will move their money to gold after that two incidents happen, Bitcoin and other cryptos will rise after Bitcoin halves also crypto is under heavy pressure because there are a few major incidents like the collapse of FTX. Remembering that incident making people afraid to invest in cryptocurrencies so we need to gain people's trust again. |
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