Latest posts of: justdimin

Quote from: Wong Gendheng on August 03, 2023, 08:14:35 AM

Gold of course is the most trusted commodity in the world, when there is an economic problem between countries, the best solution is to use Gold, it is natural that many countries including Iran and Russia plans to use Gold for the basis of money so that anyone will be optimistic about the plan.

I would understand using gold to back your currency, that wouldn't be a bad idea but it would limit your growth a lot as well, however if it's done properly then I could see why someone would want something like that. However, if we are talking about a situation like making a stablecoin backed by gold, that would be bit different, it would take us back to medici family periods.

I mean you would be giving your gold to someone and getting a paper for it instead, and that results with people not really backing it but looking like backing it. It would be like "I put 2 golds in here, but you give me paper for 4 golds, and I will give 1 back to you" type of corruption and people would do that and things will get much worse there.

Quote from: reagansimms on August 03, 2023, 08:40:52 AM

It's not easy to turn dreams into reality, it takes process, time and patience to become a successful investor in Bitcoin. Everyone will be competing to turn dreams into reality, the reality that occurs in real life is not everyone is able to do it.
Patience will determine how far your strategy will go, the unpredictable Bitcoin market gives Investors a different feeling. Those who are able to survive and don't panic easily when bears come will win after going through a long process. Do something based on the knowledge and understanding that you have, Bitcoin does not only offer benefits for you, when you panic easily, the potential for losses is very large.

Unpredictable market makes some people feel worried and afraid, which is the main reason why we end up with these type of results in the end. I believe that if we keep it up and keep making it work as much as possible then we are going to end up with better results. Unfortunately a lot of people end up with not all that much changes and that results with us not having a good result at all.

Hopefully those who worry and fear will stop doing that and realize their mistake and could keep holding further. If you keep holding as long as possible, you are not just only making yourself richer, but you are also taking money out of the market and making us richer at the same time as well because demand will be there but supply will get lesser.

Quote from: slaman29 on August 02, 2023, 05:21:03 AM

Quote from: darewaller on August 01, 2023, 12:03:23 PM

The number of people you refer won't matter at all, say you only referred 1 or 2 people but as long as they are a whale trader because you can still be able to earn massive profits each time they make a trade but if not, then you might need to gather more people to sign up under you. Not all people are a fan of these commission thing because they think inviting someone else is hard as they already had a bad experience before.

You are already lucky if there are people who will sign up under you but the tricky part is to make these people stay. Maybe you will have a better success rate if you have a skill in marketing and you know how to sales talk, add in if the platform is naturally good.

Exactly. Not number of people but volumes. I know forex platforms use to Pay Per Signup, but now all brokers earn from commission, sometimes per trade flat, and sometimes from volume. Sometimes both.

But seriously, we ca't be rrealistic expecting to signup a whale cause all the whales are already trading long time!

I have done this before, just once in my entire life but it worked so well for me for a short while. When binance first started I was selling a product, and I said if you sign up from my link I will make you a big discount, and a lto of people did. One of those was a whale, and that resulted with me getting an insane return, let me put it this way, I made x10 from that whales fee then the entire sale to him.

That is why affiliate marketing is such a great business model but unfortunately it is not available nowadays. Specially when you think about places like binance, I can say that there aren't that many people who end up with a bad result, it just doesn't really feel like it is a big deal at all and should be considered a trouble.

Quote from: lienfaye on August 01, 2023, 05:50:07 AM

Quote from: ananyabushra on July 28, 2023, 07:59:39 PM

Copy trading has gained immense popularity in the crypto industry since its introduction. Bitget, being one of the pioneers in this field, remains one of the largest platforms for copy trading cryptocurrencies. Many consider it an appealing choice for beginners, but is it truly effective for those who are new to trading?

If their strategy is working, I don't see any problem if a beginner will copy it for his/her own benefit. What matter is they're able to profit (since that's our goal) and somehow get an idea from that experience.

However, it's not right to just rely on this as a trader. It is still best to gain knowledge to learn trading using your own strategy (a basic thing to do before engaging ourselves). So don't be used to copying what other traders do, because if you gain using your own analysis, strategy and knowledge that's the start of your journey to improve yourself as a trader and become a pro in the future.

I think "if it's working" is the difficult part. You can do whatever you want to do and if it's working that's going to be fine. However, the question here would be if it's working or not. I think if you are a newbie and you start copy trading, and it works, then you keep doing that and there is nothing wrong with that.

But if you are a newbie and ask me if you should, I would say don't do that because odds are you are going to see someone who is looking good but going to end up being bad, or you are not going to do it properly and that's why it's going to end up being a problem. Just focus on what you can do, and you will be doing fine in the end, it should help you overall without an issue if you learn yourself.

Quote from: yhiaali3 on August 02, 2023, 10:43:42 AM

Of course, meme coins tarnish the image of cryptocurrencies, but meme coins listed on reputable centralized exchanges remain much less risky than those traded on DEX, especially on low-fee networks like Binance, where it is quite easy for any scrammer to create a meme token with a small amount of money and then make some liquidity and false indicators to attract victims.

Of course, this is in addition to those tokens that you can buy and then not be able to sell later, so the option remains much less risky on the central exchanges for those who want to try their luck by buying one of the worthless meme coins.

I feel like the risk people are taking would be higher so if they are trading on CEX that doesn't just tarnish crypto, but it tarnishes the exchange as well. I mean look at Binance, they are super rich and make billions and they are still listing some meme projects just because it has volume.

I get it, because the trading volume is high, that makes it more profitable to list since they will make money based on the trading fee and that's why it's a risk, but I believe nobody should do it like that, people should end up using it a lot better. Binance should be above all of this, they have enough money and they do not need some more just from memecoins. When they do list them, I just feel "you have enough, why drop yourself to memecoin level?".

Quote from: vv181 on July 27, 2023, 01:29:24 AM

It is expected that scammers try to spoil the FTX bankruptcy processes. They take advantage of legitimate information for their own scam purpose. Certainly a deceitful attempt to mislead any cryptocurrency users, and it is not specifically tied to FTX users, since I believe they got the email from any leaked database. So many cryptocurrency users who have ever been got their email leaked are likely to receive the mail.

As I have been said, they partnered up with PwC and Kroll, which means any sender from those emails is very likely a legitimate mail. For example, I received an email from a sender with the domain of @restructuring.pwc.co.uk and @kroll.com.

The fact that people could still do this is beyond understandable. Anyone who got scammed and then got scammed about being scammed should reconsider their life choices to begin with. I am not here to victim shame anyone, they lost their money and then they lost money about a thing regarding they lost money. But that doesn't change the fact that we are talking about something incredibly obvious and nobody should have fallen for that.

I understand the FTX situation, you may not see that coming and that's fully understandable, but if people send you fake mails and you go for that and lose money again, then I am sorry but you are going to end up getting scammed more in the future as well, that's just how it is for sure.

Quote from: Y3shot on July 17, 2023, 08:57:43 AM

As cryptocurrency continues to gain popularity, more and more people are investing in various crypto projects. Unfortunately, with this rise in interest comes an increase in scams.

The biggest sign is that they do not have a good audit, not from a place that matters, like CertiK, and yes I know that it costs a lot to get that but if a project doesn't have enough money to get it, then I am sorry but I am not going to get in neither. Why would I fund their entire thing, you should be spending a few thousand dollars, even tens of thousands of dollars if you believe in it, if you do not have that money then you shouldn't make a project to begin with.

There are projects that spend a million dollars on their project, and not that rarely, they end up failing too and losing that money. But at least they tried, I could see myself funding them, they could make more or fail. But I am not funding any project that can't even afford a CertiK audit.

Quote from: lepbagong on August 02, 2023, 12:31:33 PM

Quote from: lighex on July 16, 2023, 05:19:04 PM

Following Ripple's legal victory against the U.S. SEC, XRP's price nearly doubled. XRP has the potential to challenge the crucial $1 level in the upcoming days.
🔥However, the current outlook suggests limited strength in sustaining its rally further.
🔥If XRP successfully breach the $1 barrier, a potential target for September could hover around $1.35

It doesn't seem as easy as one might imagine that if every problem can be solved, it will immediately be able to make changes happen. Theoretically, it might be like that, but in reality, it will certainly take time to prepare so that it can run well first.It must be admitted that there was a surprise when it happened, but after that, it returned to decline, although not too far. I also believe that in the future, there will be the ability to increase, and it is not impossible to be more than you expect, but it may still take time.The end of the year is the right time to improve as well as prepare for the era of the halving that will occur next year, but I am even more optimistic that a renewable ATH will be formed.

I do agree that it takes time for that to happen and it is not going to be that easy, we need to make sure that we can end up with a better result one way or another and should be just happy about it. I can't really focus on what we can do, and just give all that up and focus on what is possible in the future if all goes well.

I need to focus on the realities and what I have at hand right now, and XRP price going above 1 dollar is not something to keep your focus on, or invest heavily into. Ripple has always been a shaky and shady investment and if people keep on investing into it all the time, they are going to be very upset about it eventually one day, this is why they should avoid it at all costs if they possibly could.

Quote from: peter0425 on August 02, 2023, 09:45:58 AM

there are threads such this in the past , and being mentioned sometimes and indeed , why need to borrow from a investment that you will never have an assurance and perfect time frame to gather profit?

though Investing is far different from Gambling yet these are two the same thing when talking about borrowing when you wanted to increase your money.
try not to get involved in something with multiple risk. borrowing is obligation to pay and investing is also obligation to wait.

so what will you do if Bitcoin did not bring you the amount you expect in certain time? how could you cover paying your borrowed money with interests?

This is the problem, because if you end up not getting it on time then you are going to end up getting worse and worse. It's not the type of situation where you are going to end up being that much in trouble, I am talking about getting to a point where it's not going to be easy at all, you will not make it back even after you lose it once. So that is why the best way to invest is to save some money aside.

People are not living properly even with the money they have, let alone saving it, but always try to put some aside whenever you can and you should be able to save some aside, that way you would be able to actually do something that is better. I understand it's not going to be easy, but I hope it gets a bit easier by the end.

Quote from: savetheFORUM on August 01, 2023, 10:45:45 AM

not everyone can have the privilege of buying and having Bitcoins because a very large percentage of the global population doesn't earn enough money to either save for their future or make investments with it, all they earn goes for their daily needs and might even be less for that. Such people might know and understand everything about Bitcoin and cryptocurrencies, but unfortunately, they can't be a part of it because they can't afford to buy it nor save any money for it.

Those of us who have got this privilege should consider ourselves lucky because it is something that will be too expensive and even people that have money won't be able to get a lot of it because of how valuable it will have become by then, that's when we will realize that how cheap the price was back in the day.

This is such a good point to look at. I mean I do have a lot of debt and I am not as rich as I would like to be, most of the things in this world is unaffordable to me, but when you look at it that way there are so many people who do not have even half of what I have.

And if I could find like 3-4 thousand dollars to cover all my debt, I would be living a very very rich life compared to average of the world. This is why it's quite important to remember that maybe you are not as rich as you want to, but you are still richer than most of the world. Go to one of those ranking websites where you enter your monthly salary, and see how much richer you are than most of the world. That should be something to be happy about without a doubt.

Quote from: dothebeats on August 01, 2023, 10:02:36 AM

TikTok indeed found a way to attract a lot of users. People found a platform which they can access various communities which they belong to like fandom and people with the same interests and beliefs as them. Add that with the factor of entertainment that relates to the newest trend then they found the (almost) perfect formula for their platform's success. Hence, why I'm not surprise to see TikTok on this list.

I feel like they are going to be one of the biggest one day, but they can't really crack into top three that easily. I wonder why tencent is not there? We are talking about one of the biggest companies in the world, sure they do not make that much branding based on their tencent name, but anyone who knows what they own, would know that they are one of the biggest companies in the world running one of the biggest games and such all together, they are just huge.

I would put them near any other name in that list. Sure apple and amazon and tesla and all have great branding, but Tencent should be there too, it's big enough that I have heard about it a million times. Could replace verizon a lot quicker if you think about it.

Quote from: Queentoshi on August 01, 2023, 10:38:59 AM

The major reason that brought me to cryptocurrency is to make money. It is after I have started to understand what cryptocurrency are that I saw other good things that cryptocurrency can be used for.

The categories of people attracted to cryptocurrency and their reasons sometimes

People in search of money, that were introduced to cryptocurrency as a means to get rich. They had the idea of cryptocurrency as something to get rich from, but now they know better since adopting cryptocurrency.

People that are rich already, just need to invest.

People that are looking for ways to hide some of their money from people, say their partners or the government.

People that were looking for better ways to send money to people in other country.

I may not be listed there I believe, not entirely sure, maybe you can squeeze me in there somewhere. Mine is the fact that fiat is a terrible thing to use, so I try to use bitcoin as much as I can in my life. If I could pay everything with bitcoin then I would not use fiat at all.

I hate the fact that my government makes my fiat worth less and less, and even though it could also be considered a situation for investment purposes, it is also regular using, like I take my salary in bitcoin for example and just did. This is why I prefer bitcoin over fiat, not just for investment (that included too) but for everything and that's what matters to me. That could be put in there somewhere but it's not exactly what it is for.

Quote from: hd49728 on August 01, 2023, 10:50:11 AM

Quote from: GreatArkansas on August 01, 2023, 09:48:59 AM

Even we don't want ETF for Bitcoin. Time will come or already started, they can file ETF for Bitcoin. This is also what happened in Gold before.
For me, ETF is not good for Bitcoin because the essence of owning Bitcoin will be gone, but these people really want it.

For me, ETF will help Bitcoin to introduce to more people like spreading the word about Bitcoin to the majority, and will help people will hold Bitcoin for investment (not holding actual Bitcoin for people).

If other markets have ETFs, Futures and Spot, Bitcoin must have the same to infiltrate more into investor communities. It's responsibility of investors who decide to not buy bitcoin directly but invest their money into Bitcoin ETFs. If anything bad happens with Spot ETFs they invest money in, it's their responsibility and they have to accept any bad results in future.

People or entities are able to invest in Bitcoin Spot ETFs would be rich ones so I don't think I should feel regret for them because with very bigger capital, they would do more research than me about Bitcoin and they would have better risk management than me.

This is the part where others in the bitcoin world do not understand. Not wanting to buy bitcoin but willing to buy bitcoin ETF may sound like it's a bad idea to YOU, but the reality is that there are some out there who think like that and we can't afford to reject them from investing in any shape they want.

If ETF makes bitcoin grow bigger than it should make it grow bigger and that's all we can do. I know that people should not be really considering this situation as understandable and small and tiny, we need to make sure that it goes as well as it could in order to make it happen, but that doesn't change the fact that we can't make it work, it's going to be fine. I know that it's tough, but we are at least at a good level.

Quote from: yohananaomi on July 31, 2023, 05:24:01 AM

Quote from: OgNasty on July 06, 2023, 02:43:13 PM

While I’ve personally enjoyed the doubling in Bitcoin price since the bottom, I am still awaiting the anticipated bull market for this cycle. In my opinion, the real bull market won’t officially kick off until after the correction that will come immediately after the halving next April. I suspect a bottom around next 4th of July will provide an entry point for a year long run that will amaze people.

I think I really agree with what you said that a bull market has not yet been seen and it is too early to predict.
in my opinion, given the current situation there will be another correction, but this correction will provide a jump before the halving era to come.
of course the correction will give enthusiasm to continue buying and holding for the future.

Bull market will be seen, and to be fair I would consider that time when we moved from 15k to 30k+ levels were a bull run, if people think that wasn't bull I do not know what it was. The price went more than double higher and if you think that's not bull then nothing is bull. So, we may not be at a bull period right now, and I mean literally right exact this second, but we were in bull period not too late ago.

This is why I believe that it is going to work out in the end. We need to make sure that things end up being something that will be benefiting us all without a doubt. I realize that it is not really a good situation to be in, but we could definitely be seeing it change for sure without a doubt, it is just matter of time.

Quote from: boltz on July 31, 2023, 10:00:04 AM

There is no time left for a big correction to happen at least during this summer cycle so for now , I think the thread title is right as BTC is making a big resistance wall around 30$ area and I don't see any chances to break it anytime soon.

You're right , Bitcoin might do a jump between prices around 27-29k area and it's normal but it might also be an accumulation phase right ? we saw this in the past and I'm sure it might be one right now as well.

Well , Bitcoin could go under 26k but if that happens , it should be in August right ? because as soon as Autumn hits , we might see Bitcoin trying to stabilize around 30k area for a while as halv is still far to have any direct influence on Bitcoin price. Also , there is always a possibility for Bitcoin to go even under 25k this year but I have doubts on this. Grin

Bitcoin in most cases won't go under 26k, a lot of people are afraid of that level but I am not because that is way too low for the current price and it looks like we are not going to end up with that at all. I understand that the technical analysis shows that if we go any lower then reaching 26k is not really that much of a shocker, but if we keep getting bad results all the time then we are going to end up with a bad result eventually.

This is why we need to be making sure that price doesn't really end up changing all that much. Hopefully it gets to a point where things are not that simple, and in order for that to happen we need to make sure that we possibly could result with a lot higher price instead if people start buying.

Quote from: Despairo on July 29, 2023, 08:17:39 AM

I disagree the way you use cashless payments terms because not all cashless payments are centralized. You're talking about government can track every citizens wealth and spending, it's true if they use mobile banking, credit/debit card, CBDC, digital fiat. But, Bitcoin is one of cashless payment and it's decentralized, even though the government and seller know your address, but they're not know your personal information as long as you use non custodial wallet and never link your KYC.

The address you mean is a wallet address right? If so then yeah but I think they can follow its link if they check in the block explorer and see other details there but if you want more privacy, a crypto mixer might help you. If we are this conscious/strict then it would be better to not support cash as well because it is still owned by the governments.

Quote from: yhiaali3 on July 28, 2023, 04:08:40 AM

This is the nature of the inevitable development of any form of technology that we see today. The financial system has evolved from barter to metal money, then gold, then paper money, and now we must move at some point to online payment or Cashless payments.

This is the nature of the humans. They can't be contented but they keeps on innovating. Not all things are subject to evolve though. Cashless payments have their advantage but they also have their own disadvantages. This is why we must still need a cash. Data's on the other hand must be stored in a very secure place that no hackers can reach because they are very sensitive.

Quote from: Lucius on July 27, 2023, 10:45:16 AM

Of course, the difference in capital that you mention is incredible, because a few billion $ compared to $10 trillion managed by one company together with all other companies/funds make up tens of trillions of $ in value, and all this in a possible combination with investing in Bitcoin definitely tickles the imagination of anyone who thinks about it.

The question of all questions is how much interest there is in investing in Bitcoin through such funds - is it 1%, 5% or maybe even 10% - are we talking about tens, hundreds of billions of $ or even trillions of $?

I feel like you do not need trillions, think about it this way, there are so many big companies out there, I mean the ones that can spend at least a billion in bitcoin, some smaller but still hundreds of millions.

If you think that 100+ companies like that all went into bitcoin around the same time, not at the same day, but like within the same month, the price won't be six digits? I mean that's tens of billions of dollars all go into bitcoin in a single month, maybe even close to 100+ billion dollars going into it in a month. I could see it reach to a million price. One of the main reasons would be there wouldn't be that much resistance neither, there are some here where we are, but not any higher levels have that kind of resistance.

Quote from: kryptqnick on July 26, 2023, 11:19:23 AM

I do believe in the social welfare state, so I think that the taxpayers' money should be used to provide or at least make more accessible essential services, but the subsidy isn't a great measure because it can be removed. It can only work as a temporary measure, and I guess that's how it's often introduced, but removal of the subsidy should be planned in advance, and occur gradually to allow people to adapt. I think proper programs of social security are better than measures like subsidies, unless we're talking about the state subsidizing certain industries (like public transportation, for example), which is different because it's not on the level of individuals and can be a long-term commitment.

That's the way it should be, to lift a sector to its feet when it's having a trouble but if it's constantly requiring it then there is a problem with it. We should try to subsidize things as much as we can to help them and then cut it, and we should have an ending for it at the same time as well meaning that we should be able to tell them "we are going to give you tax breaks and money help for a year, but then you are on your own" and if they can fix it that's great, if not then they are bound to die.

Let the market take care of itself I would say, if you do not do that and just do with welfare state for companies, then that's going to hurt. Welfare should be for people, not for companies and that is the most important part.

Quote from: wmaurik on July 28, 2023, 12:26:01 PM

Quote from: bots1 on July 27, 2023, 09:01:52 AM

I think lately the bitcoin market is getting better where now the bitcoin price is back above $30k after being stuck in the $25k-$26k area a few month ago. It looks like the current price hike will continue. So, let's see if the current price hike will continue to at least $40k or if it goes back down significantly.

Now we are at the end of July where the Bitcoin price is still stuck in the $29K area and it looks like that is the price Bitcoin will end this month. If you are expecting a price of $40K, I think you need to see how Bitcoin will move in the next month so that everyone can make more informed predictions, especially for $40K because I still don't think that a price of that size will be seen next month. Especially at the end of this month Bitcoin is still stuck in the $29K area.

I do not expect it to see 40k anytime soon but I am expecting it to do well enough that it will go above 30k. Of course that may or may not happen this month, we are ending it soon but it requires only a single day so it could happen even on the last day, but if that's the case then I am guessing that we could end up with a good return if we wait for august.

If it doesn't go up this month, then august could be a good month because the price has been stuck for a long time and when the price is stuck, usually it breaks out of that and make it higher. We are there right now, at the stuck stage and I am guessing that it is going to be a tough situation if we keep it going like this. I know that it is going to be tough and it will take some time but I believe patience will make us richer.

Quote from: taufik123 on July 27, 2023, 02:15:07 PM

An easy way to grow money, of course, crypto is the way to go. but with some rules that must be followed.
Not a few people have lost a lot because of crypto.

Investment is not just buying and selling tomorrow, but there is a price target that will be achieved in the long term.

And a good investment is in the top coins, especially Bitcoin.
Those who say they are investors don't even understand the potential of Bitcoin for the long term.

To learn in advance what investments will be made.
Bitcoin will provide great returns if they are patient.

People who think that they can make a quick profit from crypto will learn it the hard way that they can't just make quick profit. Sure you can make a lot of money in bitcoin trading world, and you could invest a lot and make a lot of money as well.

However, you should be able to learn how you could end up with waiting for that to happen as well. I am not reaching out to people who are trying to be "get rich quick" type of people, if they want to do that then they will have to learn how that's not true. However, I am trying to reach out to people who are trying to make a decent money and wrongfully think that this is how you make money in the crypto world, we should find them and make them realize holding is better.