Latest posts of: justdimin

Quote from: Despairo on August 21, 2023, 09:38:48 AM

Quote from: Outhue on August 21, 2023, 09:17:08 AM

Bitcoin was never created to be anonymous in mind, there are some facts that shows that Bitcoin is far from been anonymous.

Bitcoin has a public address that can always be tracked back to an ip address or even to any exchange account, if the investigation is to be carried out properly, an identity will be unveiled.

Let's also not forget that buying Bitcoin isn't anonymous too, those exchanges where you swap your Fiat to Bitcoin all requires some kind of verification, such as driver's license or national identity cards.

Pseudonymous is the right calling word for Bitcoin instead of anonymous.

But you could use many thing that will increase your privacy level, so it will not make you have no privacy when use Bitcoin.

The first task is avoid any centralized exchange or P2P that will ask KYC, use no KYC P2P e.g. robosats, agoradesk etc or decentralized exchange e.g. Bisq.

Second, use a non custodial wallet, run full node and use Tor to access it, no one will know your IP address.

Third, use Bitcoin mixer that will able to mix your coins and no one can link your old address with your new address.

Really? Like should you even do these? I am not really in favor of this much, I have all my money in my binance account that I did KYC for and nothing has happened to me, before that I was at poloniex, before that it was cryptsy as well, and none of them were neither scammed me (got out before cryptsy end up going down) and none of them gave my information to anywhere that used it against me.

This is why I feel like it is not really a big deal and we should not go overboard with anonymity if we do not want to. If this is what someone prefers then I could just say kudos and move out of their way and let them do it, but I do believe that it is not needed, it is a way too much and shouldn't be done and should be useless at that point.

Quote from: Wend on August 21, 2023, 09:47:52 AM

Quote from: WillyAp on August 20, 2023, 04:02:59 PM

better for Kids in elementary school would be to discuss the idea of get rich quick schemes: what are the chances to make it vs how are the chances to make the next paypal.

That money alone is not equal to happiness.

You are more mistaken than those who are having the idea of teaching bitcoin to elementary school students. They haven't even perfected their reading and writing skills, how can they even think of getting rich? They're just kids exploring the world and there's so much they need to learn and not finance is always an issue at any age. It is a foolish and short-sighted idea to think that it is possible to include bitcoin or financial education in the elementary school curriculum.

If you want to make money, you must first learn to be human, don't turn children who only know money without morality.

You are talking about 6-7 year old kids, I think they are talking about 11-12 year old kids. In most nations "elementary school" is until 13 years old, and that means kids at 13 years old could start learning more about bitcoin. I still think that high school is better, you would be about 18 by the time you graduate and you should be able to learn more things about crypto at that point but that doesn't mean that you are going to end up with a result like that.

It should be a lot better if you could avoid that and have a result that would be better. I believe that we are going to end up education one way or another, otherwise kids will never learn it and they will be too late when they are old enough to check it themselves.

Quote from: Doan9269 on August 21, 2023, 09:41:11 AM

i think the reality to picture out here is that bitcoin itself being in existence is a revolutionary threats to the government itself and needs no longer any form of political action to revolutionize the system in avoiding them to use force against every bitcoin holders or users, a time is coming whereby the use of bitcoin would have revolutionized the entire economy and governments themselves will have i further option than to either support what the people want or watch it going unaffected.

Apparently we are going to end up with "everyone" having a voice, no matter how silly and stupid it was. I am sure that when democracy was first founded, which was years ago of course but I am talking about the version we have now, the people who made it probably thought about it like "people will elect the one who makes the most sense" and not something like "even the weirdest weirdos will have a voice in election" which is the thing we have right now.

So I am sure that financial revolution is not that impossible, considering how tough we have it already right now, and it will probably be like that for a while longer. It's clear that we are not going to end up with a different result, it should be normal eventually.

Quote from: zasad@ on August 10, 2023, 12:13:21 PM

Quote from: Jonyshake71 on July 29, 2023, 07:49:55 AM

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

You say that the memcoin market is growing although you do not provide official statistics. I think that new coins are constantly appearing in this market, but only those users who are subscribed to special channels and news receive information about them. If you go to the communities of degen traders, you will also be surprised by the huge number of useless projects.

I do believe that if you spend enough time on researching coins, you will realize that memecoins are not there to make you profit, because that was never their intention and should not be considered a good thing at all. This is why you should be investing into altcoins.

However, there is an important distinction on this as well. We need to remember that this isn't going to be that easy, and we need to make sure that we are doing a good job of it as well. If we end up with a deal that doesn't really benefit us that much, like some shitty altcoin, then we will be making a mistake as well. So if you really want to make a profit, you should know what you are getting into and pick something that will profit you a lot more.

Quote from: Jonyshake71 on August 09, 2023, 09:10:38 AM

There are thousands of altcoins in crypto market and each of coin has investors! Cause people have different choice from one to another. People even invest in shitcoin to get rich quickly. So what are the names of your most 5 invested altcoins that you are holding or would like to invest soon??

For me it has to be bitcoin if we consider that as crypto and not just alt, but if not then purely alts it would be ethereum, bnb, avax, matic and ada because those are the ones that I believe working on bigger things than the rest.

I am not saying they will all do well, I am sure that at least one of them will do badly and do not get the result it should but I believe that at least three of these will do wonders when the bull run comes. Of course I would like to emphasize the bitcoin one there, it may not be altcoin, but it is certainly something you should have as majority in your portfolio. If you have more of one alt than you have bitcoin, then you are making a mistake, that's the one that should always be the highest.

Quote from: slaman29 on August 18, 2023, 11:37:42 AM

Quote from: kotajikikox on August 17, 2023, 12:47:20 PM

Quote from: slaman29 on August 17, 2023, 08:41:24 AM

Nobody thinks this is a great buy opp?

he is waiting for a couple of thousand before considering it dip, but the more she waits is the more she losses a chances.
buy now or buy never.

That will never happen at this stage. Even if it does, he won't have the time to buy it like he thinks he does. Crashes like that are sudden and will be extremely low liquidity. Even if he has a limit order which I doubt he has it won't be filled.

Classic error for newbies who think they can time, and then rally comes and they miss the ship

I think it does make sense to put an order at those levels in order to make sure that you buy it at the dip, but it would be smarter to have some spread across a lot of prices. Like do not have one for very little, I could put an order at 1k if it ever gets there, just in case, doesn't mean it I will get it.

So why not have some at 25k, some at 23k, some at 20k, some at 17k and so forth? That way I would be buying along the way when it is going down, and wherever it stops, I will not be too late to buy, and already bought some on the way. That will definitely benefit people, I did sort of like that at 30k and 29k, but that doesn't mean that we are going to be right all the time, like me who bought at 29k but it went lower.

Quote from: 348Judah on August 09, 2023, 11:13:25 AM

There's more to say and discuss on how the influence of news could alter the market price for bitcoin even though this may not be much felt but the impact of news has its own little way of contributing to the bitcoin market price, information reaching that the FED take a new dimension on bitcoin approach seing it as a currency and given it due recognition in cryptocurrency might be the reason for the shift we had

Blackrock is one of the biggest companies in the world, they do not seem like it, because it is not "their money", but they have trillions and trillions, there are just few nations with bigger GDP than blackrock, think about how rich they are. It could be not their money, but it is still their money to control and do whatever they want to do with it.

This means that if they want to bribe the right people to get their ETF working, then they will do that. This is a company that can literally donate enough to make a person president, they are THAT rich, we are not talking about billions, billions is already big enough, we are talking about trillions here, insane amount of money, a country sized company. So that ETF will happen one way or another.

Quote from: AicecreaME on August 18, 2023, 12:29:04 PM

I don't think looking up to the trader's profile you want to copy is a "lot" research to do, that's why it's called copy trading. Also, there's nothing like "this is just for a newbie" and "this is just for the pro", anything that a certain individual wanted to try is okay, those experience traders that you're talking about was also newbies, you're never going to be a professional on trading or in any field if you're going to apply that kind of mindset of yours.

We gain experience by trying things out, not by avoiding it.

If we are talking about just checking one profile then maybe you will not consider that as researching. However, if you check 50 profiles, and check every bit of trades they did and check when they bought something and why they bought it there and what was the indicators looking when they made that deal, and do this for all the fifty profiles then suddenly you are checking top 50 best return people and how they trade.

Suddenly that becomes a huge research and you are going to end up picking one if you like it, or if not you could find the common ground on what they trade and why and how, then you could make it even yourself without actually copying them if you do not want to as well because you did an extensive research on them.

Quote from: Hypnosis00 on August 18, 2023, 12:38:01 PM

Quote from: palle11 on August 17, 2023, 05:42:32 PM

No trade is perfect and we choose what is good for us likewise you have chosen to go the way you are going. But I think when a strategy is producing result like us and it is steady then how do you want to change a winning strategy? You don't need to start worrying yourself if you are making steady $1 or $2, that means you have a working strategy. However, your profit margin is very low and it will amount to nothing at the end of the day, your cost and expenses plus time. If you want more, do a little of risk appetite.

If we can make $1 - $2 per day, there is a possibility that we can make $5-$10 a day. Yes, it is all about finding the most effective strategy and huge capital as well. Though earning $1 a day is not really satisfying but at least it was better than doing nothing. Well, as it keeps going, we can learn more things that can help improve our way of trading as we can't expect it instantly but as scalpers, there is a huge chance of getting higher especially if we already have long trade experience. We don't need to rush but have to keep timing together with hard work and perseverance.

I would guess that making 1 into 2 is not the same as making 1 million into 2 million. There is a volume and marketcap block that prevents something like that from happening and I believe that we are going to end up with something like that eventually. Life is not that simple and we need to achieve something that is bigger volume to make that happen. Some small token could give you return that is double and you would be happy with that if you are using something small.

But, if you want to get a bigger amount and double that, the volume and liquidity of that small cap token may not be enough. This is why its quite important to focus on what you can do, and not what the token can do for you. Just look at the strategy a lot more.

Quote from: posi on August 18, 2023, 11:57:03 AM

Quote from: coolcoinz on August 17, 2023, 06:41:56 PM

OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.

Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.

What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.

And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand.

I would guess that the demand is already there, that's the difference and that's why they do not talk about it. Do we have people who buy bitcoin daily? We do, look at the trading volume and you will see that there are a lot of people who are buying up bitcoin and that's why I think it's important.

This is why I think it should be important to focus on what you could do, it is not really that much of a big difference and I think it should be important to note that we are going to end up with a result where when the supply is less, demand stays the same, equals price going up. Today there are certain amount of coins mined everyday and sold and bought, in the future less coins will be mined everyday and sold, but why would demand go down in that case?

Quote from: Sim_card on August 18, 2023, 09:17:15 AM

I don't think that Elon is moving away crypto but he is moving away bitcoin to hype some Dodgecoin that he is now using the logo on Twitter that he changed to X. It is better that he sells off all his bitcoin so that bitcoin will be free from people like him that can wake up one morning to hate bitcoin and wake up the next day to love bitcoin. The market will do better without him as nobody can control bitcoin price for long. The government policy has more effect on bitcoin than Elon and still yet bitcoin has overcome so many of them. I hope to see a rise in bitcoin price soon.

It's true that it is much better world without Elon Musk in it, he has ruined everything he got involved with in the recent years, he had two great shots with space x and tesla and did alright, tesla was invented even before him, he just took over and he did absolutely nothing but just fund it, for some reason people think Elon Musk is a genius, when in fact he had absolutely nothing to do with the car, same as people who adored Steve Jobs, who did absolutely nothing but just marketing.

I think it's important to realize that you are not going to get anything big with this, it's going to be a tough one and we should reconsider the situation. I understand that it may not be that simple, but as long as it exists, we should be happy about having no Elon in it.

Quote from: fuguebtc on August 18, 2023, 10:25:41 AM

Quote from: Prestongold on August 17, 2023, 09:00:00 PM

Is regulations among the key factors that affects the price of Bitcoin

Government regulation will determine the popularity of bitcoin and hence will affect people's demand, so it can be said that regulation is the main factor affecting bitcoin price. If all governments accept and legalize bitcoin while encouraging people to use bitcoin. I believe that will trigger a crazy bull run for bitcoin and we will even see $1 million per bitcoin. But that won't happen anytime soon as governments are still not really friendly with bitcoin, they are still wary of it because they always think its decentralization will harm their centralized system.

It's not really the "popularity" but ease of mind. Because if something is regulated and liked in a nation, there is a possibility that the same thing could be done in a longer period of time, but if we are talking about a situation where it is going to be a bit different on the long run.

I think it could be considered a bit different, and I think it is going to be a bit of deal where if it is illegal, or just not even regulated, people will fear the situation and not really go for it. This is why I believe that we need to make sure that things are a little different. Obviously it is going to take a while and we are not going to have anything that is different, it should not be considered a big deal, it should be different.

Quote from: BRINIRHA on August 18, 2023, 10:34:05 AM

Quote from: landheer on August 18, 2023, 02:48:57 AM

today i saw the btc market it went down 5% and now it is $26800 and i saw very scared people and many are selling their btc cheap but i will not miss this golden opportunity when people are panic selling so i will buy it. and I'm lucky to still have balance left on my exchange.

Are you also taking advantage of this opportunity, friend?

It's a shame that when Bitcoin dropped to the $25166 price area, I didn't check the market at that time. But I think the decline can still continue if it doesn't get strong support. But the current price can be said to be good enough for accumulation. And I'll probably start buying more from the area now. And more when a dip comes back. But to be honest, I don't know what news has definitely made the bitcoin price drop from 29 to 25 very quickly. Although I also heard about the news that SpaceX Elon is selling their bitcoins. But there seems to be no proof that the news is true. But seeing the decline which is indeed very fast, it can be ascertained that there are indeed those who sell large quantities in a short time on the market.

There are definitely some people who buy a lot and sell a lot at times, they are called whales and because whales are a thing I am sure that a lot of people are wondering if they could do what they are doing and what not. I think it should be important to realize that we are talking about a situation that would be rare and it is not going to change anything anytime soon neither.

I feel like we need to be considering the situation a bit different and we could be considering the deal a bit more difficult. I think it should be important to focus on what you can judge, because you can't possibly know when a whale will buy a lot or sell a lot, so check other stuff, like charts and indicators and make your own analysis.

Quote from: Texac on August 10, 2023, 09:54:58 AM

Quote from: Despairo on August 10, 2023, 04:07:52 AM

Satoshi disappearance is good for Bitcoin community because it will increase the decentralized perspective, if Satoshi is still active communicate, attending seminars or anything that proving his identity, people will think Satoshi can fully control Bitcoin.

Bitcoin is a threat for centralized bank and fiat too, there have been many cases where someone invented a great thing and then suddenly there's a news if the creator is die without any clear reason.

I still wonder about it, can Satoshi control bitcoins? If he could control it, he could still do it in the dark without showing his face. but I believe even he can't control it and that's the great thing about bitcoin. but his disappearance also contributes to bitcoin's safety, if he were caught by the government and forced to work for them, bitcoin's reputation would be questioned and severely damaged. it can be said that he made a completely right decision, both safe for him and maximum perfection for bitcoin.

He can't, even if he wanted to he can't, that's the good thing about bitcoin. If satoshi came back today and said that he wants to take back control of bitcoin and just run it, we could just say we do not allow you and we are going to be fine about it.

People think that there are centralization everywhere but the reality is that bitcoin is not something that would be good for anything at all, and we should realize that even Satoshi can't make it happen, and he will not be able to control it at all. I know that some people think that it's possible but the reality is that it's not possible. So, centralization is completely kicked out of bitcoin in control sense. Of course he can still screw with the price though, that's still possible.

Quote from: bakasabo on August 10, 2023, 11:32:55 AM

You plan to reach from $6k to $130k, and 1/5 of your portfolio is Bitcoin and the rest is in top of the top altcoins? And to achieve that in next bear market? I would say that this is impossible. First of all, turning $6k into $130k is very difficult. That is a huge gap. Second, you are full of altcoins, that already grew in price multiple times. To achieve your goal, they must increase in price more than 20 times. For example you have Ripple. Today, its price is 63 cents, and you expect it to cost more than $10 one day? Nearly impossible.

You know what, calculate the amount you would have, if you have current amount of altcoins, but use their ATH prices. How much would it be? Would your portfolio be worth $130k then? I would say that would be the maximum amount you would get if you would be extremely lucky.

I feel like it is not really impossible, I am not saying that it is going to be easy but it is quite obvious that it is not going to be impossible. I just think that we are going to end up with a resolution that will be profitable to all. Even if he fails to go from 6k to 130k, it could still end up being good. This is why we should be focusing on what we have, and not what we think we could have.

If you focus on turning 6k to 130k, then you are going to miss your chance to get out at 80k for example. With the upcoming bull run, we are nowhere near enough high with alts, they are not that high, when the bull comes, all those alts will go up a lot more and the price will be a lot more as well. This will benefit everyone easily.

Quote from: Yogee on August 07, 2023, 02:37:09 PM

They launched their own stablecoin which is called PYUSD as indicated in the title and it's issued by Paxos.

It's supposed to maintain a $1USD value and backed up by the following:
- Dollar deposits
- US treasuries
- Cash equivalents.

Thoughts on this? I'm not a Paypal user so I don't see the benefits of using this over USD yet. Are conversion rates supposed to be higher or trade fees become lower for PYUSD pairs?

Paypal is definitely one of those places where if you had just one bad moment with them then you are not going to use them ever again. One of the reasons why I rarely use them unless I must, thats the only reason.

I believe that we can't really do anything about it, I just have to end up with something that would be profitable for me on the long run. This is why I believe that I need to make sure I can make a profit whenever I can, and that's the most important thing for me. I get that not everyone could have a situation where they can make a profit, but that's the point of it, we need to be certain that paypal is not screwing us over. If I can make sure that I can avoid it, then I will keep on avoiding it as much as I can.

Quote from: Natalim on August 17, 2023, 02:05:37 PM

ETH and BNB, are the altcoins that I have together with Bitcoin. I know there are a lot of potential altcoins, not to mention them all, but I'd think it was not necessary to have them all or many altcoins in order to earn a profit because having the two and investing more of them have no doubts that it gives you back during Bullrun. It was not the number of altcoins but the quantity we bought. I know that ETH and BNB could somewhat give a bigger chance to skyrocket during the bull season and most of all, I can manage my investment pretty well.

This is the right way of doing things that should be important thing. I understand that we should be doing something bigger for some bigger returns according to some people but those are just extra risks and I do not think that we should take them right now. It would be smarter to focus on what you do, based on what you do and how you do it.

When we are talking about crypto trading, it is a lot smarter to focus on what you could do with the fact that you are going to end up with btc, eth, bnb trio and they will bring you profit without a doubt. When I have that option, it just doesn't look like something I could do would be bad, it is going to be something that would be understandable and not really a worrisome thing.

Quote from: Woodie on August 17, 2023, 12:46:16 PM

If the economic crisis doesn't affect how our technology works... for example the internet and all its infrastructure, then of course bitcoin & all cryptocurrencies would fit in well but unfortunately not so many people are familiar with this technology, which tells me we could revert to much simpler ways of trade such as the barter system!

Btw, in a case of an economic crisis...two things might happen, either bitcoin crashes with fiat and all other related systems or it will jump up as demand will be so high as everyone tries to get their hands on some crypto coins...so not an easy replacement if we think about it.

I do not think that it would be anything like that at all. That's just way too much doom to think about at this moment and it shouldn't be really that much of a big deal at all. I understand that some people may think that it doesn't work that way but that's eventually not a big deal at all.

Just focus on how you could make a profit and that should be the important deal. Get as many bitcoins as you could afford at this moment and you are not going to face any troubles like that in the future such as no internet and all that. That would require something like maybe a nuclear war or something to happen and I do not think that such thing will happen, it would be very unlikely and should not be considered a possibility.

Quote from: armanda90 on August 17, 2023, 01:08:48 PM

Difficult break out above $32k and fact Bitcoin current price right now under $28,000, its seems difficult with OP predicting about Bitcoin price above $30,000 after hasn't interested news. Probably, have been eight months in this year Bitcoin difficult to break out higher price after most lower price under $20,000 and not close opportunity with Bitcoin chance will back again to lower price.
Must be patience for several months later to see Bitcoim back to higher price or we still enjoying moment with Bitcoin keep going drop or stable around $29,000 to $30,000 until in the end of this year.

It may not be looking that great right now but going above 30k is also not that hard neither. I mean it may take some time, but when it tries to go up again one day it will be quite easy. We are already close enough and that means that we are going to end up with that type of price very soon. We should be aware of the situation and not be really wondering what will make it better or worse.

If we are aware that the price is not doing well right now, that means it's time to buy bitcoin, because it's better to buy it when it's low. It's also important to be aware of the fact that it's not that low right now, and it could go up very quickly when the bull starts and that's why we will not be waiting all that long for it to happen.

Quote from: Marvell1 on August 17, 2023, 12:39:15 PM

Quote from: Rockstarguy on August 17, 2023, 11:42:36 AM

In life their is nothing good that comes easily, everything good their must be sacrifice that needs to be paid to achieve it. Sometimes in life, life gives luck that we don't really work so much on achieving things but this only happens in life once in a while. Hardwork really pays honestly, life has already been designed that we must strive to get good achievements because it can't just come easily without any form of work. I believe if we must get to the to achieve greatness work needs to be done , it is just worse without applying any work and waiting for things to be achieved without any work.

Exactly, to succeed we need trade-offs, I have not seen anyone succeed without trade-offs. But one thing I have to admit, luck also plays a big part in any success. I mean, effort and trade-offs will lead to success, but without luck, no matter how hard you try, it will be very difficult to succeed. That is why we often see some people who are very talented but cannot succeed. But saying that does not mean that we will wait for luck to come and then act, because luck only comes in the process of our efforts and efforts in life, luck does not come naturally.

There are a lot of people who think that they are just going to start trading and suddenly start making money. That's not how it works and you should be aware of what you are doing. I know that losing is just a part of it, but some people are not aware of that and because of that they end up losing a lot.

I think it would be smarter to just focus on what you could do and how you could improve, otherwise you are not going to get any better at all. I realize that it is going to take some time, but if you could be better at what you are doing, then you are going to do a lot better by realizing the profits come with losses time to time. It's very crucial to make sure you are fine with both of them and can move on without trouble.