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May 30, 2023, 10:12:56 PM *
News: Latest Bitcoin Core release: 25.0 [Torrent]
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1  Economy / Speculation / Re: Bitcoin is on 30k how was your feelings ? on: Today at 08:37:34 AM
After 10month later btc again touch 30k range, Although I was happy to see it rise to the range of 30k, but a deep pain and fear was created in my chest, actually the fear is that I don't feel comfort when the price of bitcoin goes higher because after investing at that price, if btc's value goes down. It's like the bitcoin pump couldn't make me happy.
I would like to know your feelings on this matter.  Tongue

this is a natural thing for the market to experience a correction and go back up.
I am of course happy because the market is slowly rising, but I am not sure that the market has fully recovered because there is still a lot of global news about the deteriorating economy.
2  Economy / Speculation / Re: Can Bitcoin be trusted? on: Today at 08:12:28 AM
It's essential to conduct thorough research, understand the risks associated with cryptocurrencies, and make informed decisions based on your own risk tolerance and goals. While Bitcoin has gained trust from many individuals and institutions, it's important to remain vigilant and stay informed about the evolving landscape of cryptocurrencies.
3  Economy / Speculation / Re: Best time for me to buy on: Today at 08:05:04 AM
Despite no serious bull in the market for sometime,  I am thinking to buy more because the price at which bitcoin is right now I can be able to afford it. I planned buying when the price was at 40$ , the amount of bitcoin I planned to buy is a small quantity which if the market eventually go dip i may lost 30% of it. But now I feel even if I buy and it goes dip it wont go dipper the way the price is now.  What do you think about my plan?

if you have bought it and are still holding it until now then chances are you will wait until the price goes up again.
and it is estimated that this year it will still not be enough to return to 40k.
really struggled at 31k and then has now been in the 25-27k range for the past week.
just hold it, bitcoin is not going anywhere
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Has Bitcoin Lost it's Fervor for Percentage Gains? on: May 29, 2023, 03:02:57 PM
People seem to have become millionaires in previous bull cycles with modest investments in BTC & ETH.  If I invested in 1 BTC, is it enough to make me a millionaire by the next bull run, or are there an elite number of alt coins that could help me safely achieve what BTC & ETH once did?

you should do your own research and look for projects with good potential, and guarantee your investment, you can just ask others for advice, but you should review before investing in the project.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: If I have $40,000 to invest in one #cryptocurrency. on: May 29, 2023, 02:57:02 PM
for big risk you can invest in new project.
but for safety and long term you can invest on top 10 coin like btc and eth.
but from the gain altcoin will give more if that project success.
but you can also lose your investment on that.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes a crypto project reliable and trustworthy ? on: May 29, 2023, 02:49:51 PM
the thing that makes crypto projects trusted is a solid team then a large and positive community coupled with good investors and backers make the project trusted.
Remember that even with careful evaluation, investing in cryptocurrencies carries risks. It's important to conduct thorough research, diversify your portfolio, and consider your own risk tolerance and investment goals before making any investment decisions.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Do Anyone Think Luna Will Recover? on: May 29, 2023, 02:38:23 PM
Luna coin can recover if a miracle happens; it is almost impossible; this currency collapsed and lost all its value and lost the confidence of investors in it and giving investors and traders great pain that cannot be mitigated with time, supposing it can recover, how will it regain the trust of the crypto community and how can someone risk his investment in it after all that happened from its reckless team, I see that Luna coin is a page in a book and it has already been folded, so I'm giving up on it, and it's good that there are so many good alternatives on the market that have replaced it.

It appears that you have made a decision to give up on Luna coin based on your perception of its past performance and the actions of its team. It's important to make investment decisions based on thorough research and analysis, considering both the potential risks and rewards.
8  Economy / Speculation / Re: What happens next if Bitcoin drops to zero? on: May 28, 2023, 03:40:06 PM
I don't think, the price of BTC will drop to zero because, if you flash back to know where the price of BTC started from, you will know that it will be difficult for the price of BTC to drop down to zero level in the market. Since BTC teams are seriously working every night and day to ensure BTC still remain the king among other cryptocurrencies which will be some of the reason the price will not dump to zero level. I will advise you to invest in BTC now so that you will be part of those that will celebrate soon because, you sound like some people that will regret when the price of BTC hit $100k soon.

Bitcoin's price is influenced by various factors, including market demand, investor sentiment, regulatory developments, technological advancements, and macroeconomic conditions. While it is true that Bitcoin has experienced significant growth and adoption since its inception, it is important to note that the cryptocurrency market is highly volatile and unpredictable.
Bitcoin has faced significant price fluctuations in the past, including periods of sharp declines. While it is unlikely that Bitcoin's price would drop to zero, it is essential to recognize that investing in cryptocurrencies carries risks. It is important to conduct thorough research, understand the market dynamics, and consider your own risk tolerance before making any investment decisions.
9  Economy / Speculation / Re: Do you think BTC would rise again? on: May 28, 2023, 03:33:49 PM
Judging from the long period of time BTC has not accumulate any impression, I doubt if people are still investing because of many policies formulating against cryptosystem no industries and firm wants to risk their capital again. Would the system remains this way?

Normally I understand this wasn't the first time BTC has experience this down slide but then it was normally market situations but now many billionares has withdrew interest in this project, then what is the hope of this project? Do you think BTC will experience better and high price?

While it is true that Bitcoin has faced various challenges and market downturns in the past, it has also demonstrated resilience and recovered from such periods. The cryptocurrency market, including Bitcoin, can be influenced by a multitude of factors, including market sentiment, regulatory developments, technological advancements, and macroeconomic conditions.
10  Economy / Speculation / Re: Is the bull run near already? on: May 28, 2023, 03:30:11 PM
If you ask me, going from $16K to $26K is the bull run...  These runs have a tendency to last multiple years when you zoom out and tune out the noise.  Come next April, the block reward will be slashed in half and demand will likely be higher than it is today.  There won't be US government auctions and the mtgox coins will be distributed.  You're going to want to have a position built by then so I think the way to play it is to dollar cost average into the market for the next two years and then enjoy the rewards that come with that decision.

When considering investment decisions, it's advisable to conduct thorough research, stay informed about market developments, and assess your own risk tolerance and investment goals. Diversifying your portfolio across different asset classes can also help manage risk.
Consulting with a qualified financial advisor can provide personalized guidance based on your individual circumstances and help you develop an investment strategy aligned with your goals. They can assist in evaluating the potential benefits and risks of dollar-cost averaging into Bitcoin or other investment options.

11  Economy / Speculation / Re: Can I invest my 60% savings in Bitcoin? on: May 28, 2023, 03:10:37 PM
Bitcoin is known for its price volatility, which means the value of your investment can fluctuate significantly in a short period. If you have a low tolerance for risk, it may not be suitable to invest a substantial portion of your savings in Bitcoin.
12  Economy / Economics / Re: Success in finance and investment is a journey of finding your true self on: May 27, 2023, 10:45:05 AM
Self-awareness and self-discovery help you develop a deeper understanding of yourself and your motivations. In this financial field, each person has their own strategy and experience, so it is really difficult for them to perceive and build a suitable strategy for themselves. Although it is not easy, they still have to do it to really be on the road to success. So finding success in finance and investing is never easy. And whether that journey of finding yourself really matches and fulfills your desire for who you really are.

Self-awareness and self-discovery are indeed crucial for understanding oneself and finding a suitable financial strategy. It's true that each person has their own unique experiences, motivations, and goals when it comes to finance and investing. What works for one individual may not necessarily work for another.
13  Economy / Speculation / Re: Bitcoin What is the probability of 60 K+ again? on: May 24, 2023, 02:16:03 PM

We might have some upside year this 2023 and maybe BTC will touch 30k, that's a possibility after all the first brutal year of the bear market is over. This will be a good year hopefully we'll beat the inflation as just this week alone the price went up.

Though there are still bad news coming up like exchanges warning users to withdraw coins and people saying they are insolvent. Don't always believe about panicking and dumping because the whales are accumulating.

It's understandable that you have a positive outlook for the year 2023 and hope for Bitcoin's price to reach 30k. However, as an AI language model, I don't have access to real-time financial data or the ability to predict future market trends. It's important to remember that cryptocurrency markets can be highly volatile and unpredictable.
14  Economy / Speculation / Re: Halving effects, how long they will last? on: May 24, 2023, 02:14:44 PM
Every 4 years, we expect bull market just because of halving. What do you think when is this chain is going to broken? Ie, halving no longer equals that bull market is coming.
Do not bother yourself about this because no one that knows when it would be broken. The only advice I have for people that are investing in bitcoin is that they should still believe that this would still happen again after 2024 halving. It is good for investors to be positive about this. If there would be another bear market before the 2024 halving, it would be a good time for people to invest in bitcoin.

It's understandable that investors in Bitcoin may hold a positive outlook and believe in the potential for future growth, especially considering historical market patterns and the upcoming 2024 halving event.
The Bitcoin halving, which occurs approximately every four years, reduces the block reward for miners and has historically been associated with significant price increases in the cryptocurrency. This event has often been seen as a catalyst for bull markets in the past.
15  Economy / Economics / Re: Russia and others, move to use Yuan instead of dollar. on: May 23, 2023, 03:02:34 PM
To be honest, I don't think the Chinese currency has much future here in Latin America, historically we are under the sphere of influence of the American Dollar and the economic policies taken in Washington. I don't see why Brazil, Colombia, Peru or Chile would adopt the Yuan.

The only realistic candidates for it would be Argentina and Venezuela, since both have had suffered inflation problems to this day an the Yuan is relatively strong. In the case of Venezuela, people prefer to hold Dollars (for the influential aspects I already mentioned) and the government is never serious when they talk about dishing USD in favor of currencies from ally super-powers. I am very skeptical this has some room in Latam.

It's understandable that you have reservations about the future adoption of the Chinese currency, the Yuan, in Latin America. The influence of the American Dollar has indeed been significant in the region, and economic policies from the United States have traditionally held sway.
16  Economy / Economics / Re: Saving one third what you earn monthly is not that hard, isn't it ? on: May 23, 2023, 02:53:50 PM
The feasibility of saving $1,000 per month based on the income and expenses you provided can vary depending on several factors, including the cost of living in the specific area where you reside. While it's challenging to provide a definitive answer without knowing the location, I can offer some general insights.
The cost of rental accommodation can vary significantly depending on the city or region. In some high-cost areas, it might be difficult to find a rental option within the $500 to $800 range for a guest bedroom in a shared house or apartment. Similarly, the cost of food can vary based on your eating habits and the cost of groceries in your area.
17  Economy / Economics / Re: Are we headed to a nowhere economic direction ? on: May 22, 2023, 04:07:27 PM
Is it possible that the interest rates are declining and the real estate sector is collapsing at the same time?
I don't believe that having affordable mortgages would have any negative impact over the real estate sector.
The fiscal and monetary policies of many governments around the world tend to be less and less effective. Financial discretion done by the government seems more like a mistake nowadays. The right thing to do is to cut more government spending and put the national budget deficit under control.
I don't know where do you live. The situation is my country is difficult as well, but the real estate sector is still in good shape and the inflation levels are slowly declining.

It is possible for interest rates to decline while the real estate sector faces challenges or even experiences a collapse. While lower interest rates can make borrowing more affordable and potentially stimulate demand for mortgages and real estate, other factors can still impact the sector.
18  Economy / Economics / Re: Quit borrowing on: May 22, 2023, 04:02:23 PM
Since the loan will generate interest, it will be a disaster if it does not succeed in extracting the "benefits" from it. Borrowing to cover the necessities of life will never end with a monotonous level of income. I'm not calling it wrong to borrow for "feed," but people should want to borrow just to expand their business to avoid failure.

You bring up an important consideration when it comes to borrowing money, particularly for business purposes. Taking on debt should ideally be done with a clear plan and strategy in place to ensure that the borrowed funds are used effectively and have the potential to generate returns that outweigh the cost of borrowing.
19  Economy / Economics / Re: Do you spend more-do you get more? on: May 22, 2023, 03:59:55 PM
Based from my understanding, I think the more you spend money of course you would be aware to the prices of the products you've spend your money. Like for foods that there's much cheaper and still gives the same quality and you have known that knowledge due to your spending. By that you could manage yourself to budget your money because if you stick to your products not knowing there's much better to it especially to price then you can't save money.

finding the right balance between price and quality is important. While saving money is valuable, it's also crucial to consider factors such as durability, reliability, and overall value when making purchasing decisions. By combining mindful spending practices with informed decision-making, you can optimize your spending and work towards your financial goals.
20  Economy / Economics / Re: When will we stop living for the weekend? Escaping the 9-5 life. on: May 22, 2023, 03:52:44 PM
This is why the new norm is work from home. People are sick of the 9-5 jobs in cubicles where they basically do something online which they can easily do at home.

Hence they work from home and enjoy spending more time with families. Many businesses ended the work from home options and people just quit and found a job elsewhere because they liked that life style.

Who wants to be stuck in traffic for 1 hour then work 9 to 5 and be stuck in traffic for another hour and come home at 6pm.

You're right that the concept of remote work or working from home has gained significant popularity in recent years, and it offers several advantages that many individuals appreciate. The flexibility to work from home can provide a better work-life balance, reduce commuting time and expenses, and allow for increased time with family and personal pursuits.
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