Latest posts of: justdimin

Quote from: savetheFORUM on June 01, 2023, 01:38:10 PM

Quote from: xSkylarx on May 30, 2023, 07:22:07 AM

Your calculation is way too off, but scaling up is really needed, and it depends on what industry you are in, like me in the online space, where there is constant competition and you need to acquire new skills or improve them more to get hired, as well as getting an increase if you are doing well in your job. But again, the world is unfair, and it doesn't mean that if you do have that knowledge or skills, then you are earning big. Sometimes there are no opportunities knocking at you, and also there are dump people that got rich just because they inherit their parents wealth, so yes, this is a case-to-case basis.

Apart from inheriting wealth, people can also earn a lot of money if they know how to control people and make them work for them, even if the company you are running is not what you are much knowledgeable about, you can still earn a lot of money if you hire people who are knowledgeable about it and all you do is manage those people and make them run the company.

There are a lot of examples like these, there are people who are totally illiterate but they have multiple companies, the reason behind that is that they have the skill of controlling people and understand how they can make people work for them and run their businesses without him having to do anything himself.

I think starting a company is a slow way of making money, not a lot of companies start with a couple grand and become million dollar business' overnight, that takes decades of work. Sure these days startups are a bit different, there are a million startups and one out of that million end up getting bought out by some huge company and that's their goal, to have an exit strategy and let the revenue issue solved by a bigger company.

In the end that causes them to become something much bigger and it allows those to get rich quick but that is a very few people and not common. Inheritance on the other hand is something that doesn't really take time, if someone dies, you get their money overnight, and suddenly you are rich, but if the person that died was rich, chances are so were you already.

Erik Vorhees. He was the dude behind satoshidice and he sold it for 126k bitcoin, obviously he doesn't have it all now and spent it on a lot of startups and that's understandable, people that high usually do not stop and just retire with a mojito in their hands at Bahamas, they keep working.

Still, that money is about 3.7 billion today, he must have a lot less than that, and he distributed some of that even that day because he had shareholders, but he must be pretty rich anyway. After that he kept on doing stuff, like coinapult, shapeshift, bitinstant, and some other stuff he invested. So we could consider him as one of the first successful entrepreneurs in the crypto space, he did what everyone would love to do and achieved it so early on.

Quote from: Crypt0Gore on May 31, 2023, 12:31:32 PM

Quote from: Jimmycrooks on May 29, 2023, 10:38:49 PM

Internet isn't a limitation to bitcoin. Internet is an integral part of bitcoin and Bitcoin would be nothing without it. So saying internet is a limitation of bitcoin is a huge fallacy.

Whatever plight you might be facing lies with your government and not internet.

The only advise I can offer it's to get a reliable VPN for internet access in other countries

You nailed it newbie, the problem isn't the internet but the country that OP is from, he can get rid of this problem in two ways and one is more convenient than the other.

1. He can leave that country behind and move to another if you really want to build a foundation around Bitcoin and crypto, I have see too many people leaving their motherland and move to a foreign country in search of a better life.

2. He can subscribe to a satellite internet providers instead but this have it's cost and also you will need to be in a remote area where there is less activities because your satellite dish will be outdoors for it to get a good signal everyday and people will see it, with gossips going around people will know that you are the only one using the internet, in a country that doesn't want it, sounds like it's against the law in the country?

its on you to make a good decision, if the internet is limiting your potential or opportunities you need to get your ass out of that country before you get too old and can't fo anything anymore.

Moving to another nation is not the solution, this is the solution for newer generation that doesn't understand that if we keep taking the L, then we are going to see every government do the same eventually. You can't just hop to another nation if you are poor and no other nation takes you as well. Like if I wanted to just move to UK and start living there, that's it, just live there and work there and spend rest of my life there, do you think they will accept me? Why would they?

This is why the better method is to get into politics and start changing things from within, if you can do that then you are going to be doing a lot better. I know that it is not going to be an easy thing to do and may take years to change something or you may even fail to change it, but you need to try.

Quote from: coinremitter on May 30, 2023, 08:44:03 AM

Quote from: BVeyron on May 29, 2023, 09:03:45 PM

Quote from: coinremitter on May 29, 2023, 12:03:59 PM

Compared to fiat currency, Digital currencies are very powerful in-terms of control. You can control your own coin. There is no interference from the government, no one can rob it or counterfeit it. You can use it globally and expand your business internationally. I don't find anything more powerful than this! what is your thoughts on it !

Most probably, you mean cryptocurrencies, not digital currencies, since nearly all fiats are digital too (all the banking systems operate with digital transactions). The main benefit of cryptocurrencies is data security, since cryptocurrencies are highly decentralised, its really a benefit, that's right!

Yes i am talking about cryptocurrency, fiats are digital too but crypto has more benefits compered to fiat.

Great that you cleared it out but I wouldn't call fiat a digital currency just like that because fiats are originally offline or has physical properties but later on fiat do also have their own digital version. We are now in an era where many people are using digital money. Cryptos are also a kind of digital currency.

We that are here in the forum mostly preferred it. That is because it can give us an income. Either by working in a crypto job or by investing, trading, staking, etc... on it. About the advantage of fiats I think it is more regulated and it is possible for us to get a refund once we got scammed or accidentally sent our money to a wrong address. They are also quicker and has less or no fees some times. This is why I sometimes use it apart from my cryptos.

Quote from: Huppercase on May 29, 2023, 09:01:22 AM

If you check the price of Bitcoin, only few people have big money to invest and that is why most people divert money to altcoins, Bitcoin is already a saturated market by institutional investors. Altcoins are safe haven for people that are late for the party, this is why you see new comers catch up with the new alternative coins that has low caps to gain something later, every week we now see them flood the market and whether the bitcoin maxist like it or not, it can not be deny that altcoins attract more 80% of investors, even the institutional investors heavily put money on altcoins because their profits are always insane.

The global market effect of altcoins is liquidity, altcoins attract lots of attention and investors because when there is PR, good marketing and tech around any new altcoins, there is move of liquidity from one chain to another and also the bridge of chains has make things easier for new projects as wel.

In Bitcoin investing, no one is required to have a $28k in hand (current value of BTC) but everyone can invest on here as low as 10 to 15 Dollars. I don't mention amounts lower than it because there is a transaction fee and it can be higher than the BTC that will be left for us if we insist it.

I think the real reason on why people invest in alts rather than in Bitcoin is because alts value are still small, I mean they still have the potential pump higher and it can move at a quicker rate than in Bitcoin. BTC is still more reliable than them and it is more recommended for the beginners in crypto. We still can't deny the role being played by altcoins. You already said if what they are.

Quote from: ElmedoRator on June 01, 2023, 07:47:52 PM

It's unfortunate that scammers take advantage of people's desire to make quick profits in the crypto space. Greed and the promise of easy money can blind individuals to the risks involved and leave them vulnerable to fraud. New entrants into the crypto space must understand that legitimate investments take time and thorough research. So education and awareness are key to protecting yourself from scams. Newcomers should take the time to learn about cryptocurrency basics, blockchain technology, and investment strategies. Furthermore, be cautious and skeptical when it comes to investment opportunities, especially on social media platforms. This will prevent you from ever investing more than you can afford to lose.

That has been life for a long time, almost everyone who ever got scammed had that going for them because they were looking for a way of making money. I know that it is not going to end up with easy fixes, I know this, and you probably know this, but there are too many people who do not know it.

There are too many people who end up with nothing at all in the end and we are going to end up with a proper investment whereas they will end up with scams. If someone tells you that you could get rich quick, know that you can't, just get away from there and just stay as away from it as possible. I know that it hasn't been a thing for a long time but that was the case, that was the issue and I try to stay away from it as much as I possibly could and so should everyone else.

Quote from: Godday on May 30, 2023, 02:18:50 AM

Sometime between 2020 and 2021 the crypto market was going through a bubble so the price of each asset was sky high. It just doesn't make any sense. I had bought some assets that year but I had a loss so I decided to keep my assets.
I see this year the cryptocurrency market is improving little by little and I see this is not a bubble like in previous years.

If they are a bubble then their price should be declining not rising. Maybe this is true for the most altcoins, as we all know many of them are just scams. They can rise and pop like a bubble. There are people who cluelessly called Bitcoin and other legit coins a bubble just because they saw it dumping hard but the point is, these coins are still here and it's possible for them to recover and break their last times ATH's, so they are not really a bubble.

It's normal to experience a loss sometimes when investing in cryptocurrencies. Not everyday Christmas mate but as long as you are confident that you invest in a good crypto, just continue to HODL it and you will be just fine.

Quote from: Minhxx on May 30, 2023, 11:02:34 PM

I have been in the market since 2018. The paradox I find is
The market is always changing according to world news. It has nothing to do with bitcoin
For a small investor like me, this is undesirable
I want to ask experienced investors?? How can you capture this potential market?

We are from the world, all of us, none of us live on mars, which means that when something bad happens in the world, it happens to us, directly. Also we are the ones that invest into bitcoin as well, it's our money that makes it go up or down as well. So when you combine these two together, you realize that the same people who are affected by the world market news, are the people who invest into bitcoin as well.

This is why it's getting a lot of trouble and we end up with a lot of bad results when there is something bad going on, and a lot of great rises if something good happens as well. That's how the market works, people in that market being richer means getting the price higher, poorer means getting it lower and it will not change any more.

Quote from: worle1bm on May 31, 2023, 05:35:11 AM

We all have different opinions about him but at last we all agree that he just want to have an alternative payment method without any third party control and complete control over your funds which has taken a boost in today's time which he already predicted in the past.He was far ahead in time and provided us with bitcoin the completely decentralised coin to help us with secure network.So you can call him whatever you have in your mind for him but don't compare defi to it because it's just a method to scam people of their funds through many projects.

Definitely someone I look up to, dude did something that we all wish we could have done and changed so many lives. Mine would have been a terrible life without him, I would have done so much worse, he has changed my life for better without a doubt. Without crypto world, I wouldn't be getting paid this easily for the work I am doing and I wouldn't be able to find the work I am doing right now as well.

Crypto opened up the doors for a lot of poor nations citizens, we are fine with less than 1k per month, most developed nations can't live on that, whereas we can live as little as 500 if we have to, would be tough (not so much for some but would be tough for me) and I would have to take on a lot of debt, but I won't die, I would be just poor. Crypto made me rich in that regard, plus I made some return on my investments back in the day as well.

Quote from: livingfree on June 01, 2023, 01:03:31 PM

Quote from: GreatArkansas on June 01, 2023, 02:50:49 AM

For me, there's nothing wrong with investing retirement money in Bitcoin, what's wrong is the investor is not aware of the consequences or good and bad.
Proper education to the owner of the money is a must so just in case something will happen to the money, the owner of the money is aware, aware that it will not give you 100%.
You should always carefully weigh the risks and potential rewards.

Yes, there's nothing wrong using retirement funds for bitcoin but it's not yet clear if OP's dad is aware of what he's thinking.

If this is like a one-time thing for his dad then that's fine. But if he's planning to use everything that his dad got, that's not a good idea as his dad planned for their house.

Construction or amortization might be that much but his dad would probably be conservative in his own ways rather than taking risks.

I agree, I mean putting lets say 10% of your retirement fund on bitcoin and leaving that would be fine, the worst case scenario you will lose all of 10%, which we all know they won't but lets assume the worst. However, if you are going to end up putting all he has, then we are talking about something terrible.

Don't risk that much money for old people, bitcoin is slow in that regard, it may go up quick, but it take years for it to start going up quick, one day it will be 30k and next month it is 80k, but for that to happen we wait 2-3 years, that's why it is not a good idea. Don't put that much stress into people and you will end up with a lot of trouble, I personally would suggest doing something smarter and just get out right on the correct time if possible.

Quote from: lkjhg on May 31, 2023, 01:41:58 PM

Quote from: aksplace on May 30, 2023, 11:42:55 PM

We must be aware that the price of bitcoin is volatile which creates price uncertainty under any circumstances, so a price correction now is an opportunity to increase investment, we have many options to buy Bitcoin and top altcoins to add to our portfolio, so avoid panic because a price correction in the crypto market does not make it's anyone's loss to stay holding on to BTC until the bullish season comes.

correction is an opportunity so why worry if the Bitcoin price corrects from $ 30k?,
the halving is still 1 year away, to be precise, maybe in Q2 2024,
so it's better to focus on adding to the portfolio because we are still in the accumulation zone of Bitcoin price action.

I think that's the point, if the price goes down a lot there are people who do not take advantage of that but instead sell. I never truly understood the mindset, if the logic is to sell before it goes down even more, then just wait for it to go down even more before you do that, you could sell if it keeps going down. I am not saying sell when it's even lower, I am saying just wait until it's lowering, if it goes from 28k to 26k, there is no logic in selling at 26, it's already there, you are already too late.

So instead people should be putting a stop loss order even lower, like 25.5 for example that means you are not too late, because if you sell at 26k then you will not see if it will go down even more or not, but if you put a stop loss at least you guarantee yourself you won't get any worse.

Quote from: lunnatic on May 30, 2023, 05:41:50 AM

Quote from: eightdots on May 29, 2023, 06:29:21 PM

In order for a person to reach his future goals, he must overcome the difficulties he is experiencing now. If he has to sell his Bitcoin in the face of a challenge, he should. Life never stops. Bitcoin will always offer us opportunities. If not today, tomorrow or later. Opportunities will always come our way. But let's not forget that we cannot reach tomorrow without living today. What we need to do is sound plans. Solid steps to realize these plans.

but sometimes a person also doesn't understand life,
he has made a profit from bitcoin but never sells it and ends up being bullish then the dump happens and doesn't get any results,
indeed a strategy is very important for us to do when investing, especially with a high level of risk like cryptocurrency.

I think I would prefer to be that guy. Because if I buy a lot of bitcoin and become wealthy but do not sell so it dumps, then all I have to do is wait, there is a recovery there and the potential to be wealthy again still is there. Which is why waiting and then losing after that is not really an issue unless you sell.

Obviously if you sell and get out then you are going to be doing a lot worse and I would suggest not doing that, it would be smarter if people just ended up spending some time buying a bit earlier and selling a bit later. I know that too many people sell when it goes down, but they shouldn't, just wait and it will recover and when it does you can sell and get richer again, would make sense that way and it is not something to regret.

Quote from: fuguebtc on May 31, 2023, 12:41:39 PM

It's true, cryptocurrencies are not the only way to make us a lot of money, to make us financially free. Many people are still living rich life without cryptocurrency. We need cryptocurrencies because we are willing to take risks to get rich quickly, but many people don't want to admit this fact.
Sometimes you don't need to have talent, you just need patience, effort, and hard work, you can also build your own business or start a business in any field you think has potential. Without those things, whether investing in bitcoin or going abroad to work, we will never succeed.

I think the difference is that it's global, I prefer crypto because it can make me rich and it is global, I can find a guy who has a product in japan, a digital thing lets say, even a pdf, and I can find a buyer in USA and sell that, then another at Germany, then another at Egypt then another at Nigeria, then another at Russia and so forth.

As you can see it's such an easy thing and the payment would only have to be via crypto, which takes a minute to use and it's gone. I can do that all day everyday. Sales alone is such a great way of making money in the crypto world. Start a digital agency, do all social media, coding/development, design and everything else like SEO and SEM etc, you do not have to know it all, you just need to sell that service, if you can sell, you can find someone who takes crypto that does these.

Quote from: KiaKia on May 30, 2023, 12:06:50 PM

Bitcoin can gain big income but can also make huge losses, you need to let those investors know the possibility of losing their money first before they start feeling like they can make money, if they invest in Bitcoin and plan to take profit in a month's time they might be disappointed because a successful bitcoin holder are the long term holders.

Tell them the bad side of Bitcoin before telling them the good side, this is the best way to introduce Bitcoin to anybody, because without the fear part, they will believe that making money through Bitcoin is a smooth high way to succeed.

Some will agree and face their fear and most will run after telling them the bad part of Bitcoin and this bad part is holding long term before making gains and also the possibility of losing your Bitcoin.

It is definitely a smart move to talk about that. I think if you tell them the risks, then they will think that it's a risky thing at first but then they will see the good side and they will think will the risk worth the reward and approach it that way.

However, if you talk about the good side first, they will think that it's too good to be true and whatever bad you tell them they will not believe you, it just won't make any sense at all. This is why it's smarter to just go with the bad side first and let them know what could go wrong, it will benefit them a lot and it will provide so much for them as well. I personally do enjoy the situation to be a lot better currently with the way we are having trouble, and it certainly is a great risk we are taking, all my money is in crypto and I feel no fear at all.

Quote from: blockman on May 30, 2023, 02:03:07 PM

Quote from: FireDAO on May 28, 2023, 04:20:39 PM

What is the key of point that you're looking in a project and let us know how to improve better as well.

It's just the same with the normal projects but if there are something new that your project can offer and has a real use case then that's gonna be taken by most investors.
You see today that projects are just for the quick profits so as the investors and once you land on an exchange, you'll be dumped by most investors and the same goes with the developers.
There's nothing new to these and that's why if there are projects that are thinking of improving it, you might want to look at the past projects those that have been popular but then became obsolete.

If you are 100% certain that you have a good project, then making deals with the people who have network is the best way to go. You need to grow a lot during the anticipation era, you can't just do a launch and expect people to fund you, you need to keep the anticipation period long and you need to make deals with a lot of people who have their own communities they listen to. The cheapest way is to partner with other projects, you could call it "community partnership" and just share each other on twitter together, that way both of your community will be aware of each other.

Secondly you could start off with giveaways, that would bring in undesirable people but at least look like you got numbers. You also need some money because that way you would be able to do marketing properly. These should be fine, if you are actually good, rest will come, if they don't after all these, then it wasn't really good.

Quote from: Japinat on May 29, 2023, 06:43:26 PM

Quote from: Psynthax on May 29, 2023, 02:19:59 PM

i'd consider getting pulled by the current trend of meme coin is fine though so long it's fair game where there's no manipulation and some rugpulls, it could be good opportunity, but regardless though, it requires knowledge in investing in meme coin anyone without sufficient knowledge should avoid investing.

Yes, it could be a good opportunity if you are that lucky to ride the wave on time but what if the opposite thing will happen? Where everything fell into pieces as you did not properly predicted what could happen in the future. See, that's what we should think about because the money we're putting here is not any joke as it came from the fruits of our labor in which we did not picked in an easy manner that we could just invest anything we think of without having any second thoughts.

Investing towards meme coin(s) does not really need a vast experience and knowledge about it, you just have to know the basics because you surely cannot predict where will the whales start to move as you're not in their inner circle where you can always ride the wave on time without risking anything. And you don't have to be that smart to know that it is not really advisable to invest towards it.

Yeah, this is too on meme projects and people are forgetting that there were people who bought doge at 50+ cents as well. I mean sure if you bought at 3 cents and sold at 70 cents that's a profit you would not see these days and that was a great period and congratulations for doing that. But, the people like me who are against meme projects are not people who lost their money, in fact I didn't had any doge or other meme project token for the past 5 years at all, so I made zero loss on them.

Still, I try to warn people because I have seen too many people on telegram that ended up buying at 50+ cents due to the hype, everyone talked about how easy it was to get rich, and how they got rich thanks to doge so others joined, and they lost all they had. This is I warn people against.

Quote from: beerlover on May 29, 2023, 04:35:32 PM

I think experts become experts by studying and experience. If you study how to be a great trader and if you keep on trading, then you are going to end up with something good eventually, there is no other way around it, that's how people become rich.

However, if you want to find a quick way to get rich, no matter how much time you spend, you will not become rich because that's not how it works. It should be remembered that bitcoin is volatile and there are so many ways to make money if you are a trader, but if you want to do it well then you need to spend some time on it if you want to make some money. I understand that there are a lot of people who will, but I am worried about all the people who won't be understanding this concept and just think bitcoin is a way to get rich quick.

I agree that it requires countless hours studying and trading in order to become good, too many people hope to see some other person do all of it for them and end up with a good return, but the reality is that it is not going to happen and you are going to end up losing it if you are not careful.

I think checking what others are doing and what you should be doing based on what they are doing is as wrong as it gets and you should be avoiding that if possible. Too many people are acting as if they are going to end up with a problem and we all know that they are not going to do that at all. I think the best thing to do would be having some sort of personal approach and just work hard to become like the people who you wanted to follow, you can do it, everyone can, it just requires hard work that's it.

Quote from: Husires on May 28, 2023, 07:57:19 AM

When you have a choice between fear and greed, the emotion of fear is much greater than greed. It is this fear that forces people to take the safest solutions in the event of fluctuations or impotence.In the normal situation, you prefer Bitcoin over the dollar, but when the price of Bitcoin begins to decline, you will find yourself ready to sell Bitcoin at half the price that they would have given you in exchange for avoiding the loss.
On the other hand, when the price starts to increase, greed is dominant, but when uncertainty comes or negative news begins to appear, selling is everyone's choice.

I think it depends on the person. There are some people who are weak enough which obviously they are consumed by their fears but the opposite are not. They have the courage to do almost anything. I guess this can also equates to being greedy. When they already engage on the thing. They will always try to give their best.

Fluctuations are our ally. This is where we buy low and sell high so people must not be afraid with it. BTC and Dollar has their own advantage and disadvantages. We use BTC to earn a profit but we can also use it as a currency if we want to. It still has an advantage over the dollar. Selling at a loss are one of the strategy use by the traders or even some investors. If they are good enough, they can still be able to recover what they have lost.

Quote from: SirLancelot on May 30, 2023, 09:03:23 AM

I don't think we will see positive movement next month, the price isn't done correcting itself yet and it will probably go lower from this point and that is what is going to happen next month, the price wills start dropping, and by the time it's done dropping and starts recovering back, the month will almost reach at the end and that is when the price might show some positive movements.

The best decision for investors right now is obviously to do DCA since the price can drop anytime, and even if it doesn't, one won't be in loss if they were doing DCA, if one buys at once, they might regret if the price drops later.

I do not think that we will go any lower, too many people are expecting it to go lower but we have seen the lower period and I do not think that it will go lower. I believe that we are going to end up with a lot better in the end we just need to focus on what we could do.

A lot of people are approaching this subject as a normal way of trading right now and the market is volatile as always, but we need to remember that we had a huge bull run at the start of the year and then we stopped, which means that it will continue to go back up again with time and we should be expecting that at least. I do, I am expecting it to go above 30k again and maybe even go above 35k during summer as well, much higher than that during November-December period as well.

Quote from: JSRAW on May 30, 2023, 01:53:31 PM

Actually, CSK become the favorite when they reduced the overs otherwise things could have gone differently.

I also felt that Hardik mistakenly took an unnecessary break after the first 4 balls. Mohit was on song and was accurately banging a yorker after yorker but Pandaya went into discussion mode after that and broke Mohit's concentration. It's a very small thing and helps teams sometimes but it surely backfired last night.

No doubt this break was surely had his impact on this match even I am feeling Hardick Pandya done good captaincy in these two events with back to back finals are never been easy, but he still needs to learn while things like these going on he needs to give opportunity to bowler just go ahead with his plane because this can work better for him instead of giving him instructions again and again which can create mess-up as we have in last two balls which change the match momentum and allow Jadeja to have winning runs.

As Mohit was bowling I was sure he can do good for the GT, and they can defend their title easily but sadly two balls having changed the all final situation and CSK gone as winner of this title for the fifth time in 18 years which is surely good.